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
ALCOA INC	Common Stock	013817101	323	25,107	SH		DFND		25,107	0	0
APPLE INC	Common Stock	037833100	607	1,130	SH		DFND		1,130	0	0
ABBVIE INC	Common Stock	00287Y109	11,112	216,193	SH		DFND		216,193	0	0
AMERICAN CAMPUS COMMUNITIES	Common Stock	024835100	660	17,662	SH		DFND		17,662	0	0
Access Midstream LP MLP	Common Stock	00434L109	426	7,404	SH		DFND		7,404	0	0
ACCESS MIDSTREAM PARTNERS LP	Common Stock	00434L109	270,933	4,707,784	SH		DFND		4,707,784	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	2,306	53,150	SH		DFND		53,150	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	557	2,046	SH		DFND		2,046	0	0
AMERICAN EQUITY INVT LIFE HL	Common Stock	025676206	584	24,744	SH		DFND		24,744	0	0
AFLAC INC	Common Stock	001055102	580	9,198	SH		DFND		9,198	0	0
AMTRUST FINANCIAL SERVICES	Common Stock	032359309	581	15,442	SH		DFND		15,442	0	0
AGCO CORP	Common Stock	001084102	1,008	18,269	SH		DFND		18,269	0	0
ALLERGAN INC	Common Stock	018490102	546	4,397	SH		DFND		4,397	0	0
ASSURED GUARANTY LTD	Common Stock	G0585R106	567	22,400	SH		DFND		22,400	0	0
ARGAN INC	Common Stock	04010E109	598	20,100	SH		DFND		20,100	0	0
ALLIANCE HOLDINGS GP LP	Common Stock	01861G100	603	9,712	SH		DFND		9,712	0	0
APOLLO INVESTMENT CORP	Common Stock	03761U106	582	70,000	SH		DFND		70,000	0	0
ASSURANT INC	Common Stock	04621X108	585	9,000	SH		DFND		9,000	0	0
AKAMAI TECHNOLOGIES INC	Common Stock	00971T101	568	9,755	SH		DFND		9,755	0	0
AIR LEASE CORP	Common Stock	00912X302	585	15,700	SH		DFND		15,700	0	0
ALBEMARLE CORP	Common Stock	012653101	604	9,100	SH		DFND		9,100	0	0
ALLEGIANT TRAVEL CO	Common Stock	01748X102	600	5,358	SH		DFND		5,358	0	0
ALASKA AIR GROUP INC	Common Stock	011659109	591	6,329	SH		DFND		6,329	0	0
ALLSTATE CORP	Common Stock	020002101	600	10,600	SH		DFND		10,600	0	0
APPLIED MATERIALS INC	Common Stock	038222105	613	30,000	SH		DFND		30,000	0	0
AFFILIATED MANAGERS GROUP	Common Stock	008252108	613	3,066	SH		DFND		3,066	0	0
AMGEN INC	Common Stock	031162100	572	4,635	SH		DFND		4,635	0	0
ANIKA THERAPEUTICS INC	Common Stock	035255108	554	13,484	SH		DFND		13,484	0	0
ANN INC	Common Stock	035623107	648	15,623	SH		DFND		15,623	0	0
APACHE CORP	Common Stock	037411105	279	3,365	SH		DFND		3,365	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	436	5,140	SH		DFND		5,140	0	0
AMERICAN PUBLIC EDUCATION	Common Stock	02913V103	581	16,554	SH		DFND		16,554	0	0
ATLAS PIPELINE PARTNERS LP	Common Stock	049392103	123,665	3,851,294	SH		DFND		3,851,294	0	0
APOLLO GLOBAL MANAGEMENT - A	Common Stock	037612306	558	17,555	SH		DFND		17,555	0	0
ALEXANDRIA REAL ESTATE EQUIT	Common Stock	015271109	786	10,826	SH		DFND		10,826	0	0
APPROACH RESOURCES INC	Common Stock	03834A103	583	27,900	SH		DFND		27,900	0	0
APOLLO COMMERCIAL REAL ESTAT	Common Stock	03762U105	579	34,824	SH		DFND		34,824	0	0
AMERICAN RAILCAR INDUSTRIES	Common Stock	02916P103	561	8,007	SH		DFND		8,007	0	0
ALLIANCE RESOURCE PARTNERS	Common Stock	01877R108	600	7,128	SH		DFND		7,128	0	0
ADVANCED SEMICONDUCTOR E-ADR	Common Stock	00756M404	79	14,156	SH		DFND		14,156	0	0
ATMOS ENERGY CORP	Common Stock	049560105	723	15,335	SH		DFND		15,335	0	0
ASTRONICS CORP	Common Stock	046433108	552	8,700	SH		DFND		8,700	0	0
ATWOOD OCEANICS INC	Common Stock	050095108	626	12,428	SH		DFND		12,428	0	0
ANGLOGOLD ASHANTI-SPON ADR	Common Stock	035128206	230	13,471	SH		DFND		13,471	0	0
AU OPTRONICS CORP-SPON ADR	Common Stock	002255107	36	10,406	SH		DFND		10,406	0	0
AVALONBAY COMMUNITIES INC	Common Stock	053484101	2,417	18,402	SH		DFND		18,402	0	0
AMERICAN VANGUARD CORP	Common Stock	030371108	630	29,091	SH		DFND		29,091	0	0
AMERICAN EXPRESS CO	Common Stock	025816109	613	6,806	SH		DFND		6,806	0	0
ASPEN TECHNOLOGY INC	Common Stock	045327103	540	12,756	SH		DFND		12,756	0	0
BOEING CO/THE	Common Stock	097023105	634	5,052	SH		DFND		5,052	0	0
BAXTER INTERNATIONAL INC	Common Stock	071813109	12,253	166,531	SH		DFND		166,531	0	0
BED BATH & BEYOND INC	Common Stock	075896100	594	8,633	SH		DFND		8,633	0	0
BARRETT BUSINESS SVCS INC	Common Stock	068463108	557	9,356	SH		DFND		9,356	0	0
BB&T CORP	Common Stock	054937107	11,563	287,840	SH		DFND		287,840	0	0
BRUNSWICK CORP	Common Stock	117043109	580	12,808	SH		DFND		12,808	0	0
BONANZA CREEK ENERGY INC	Common Stock	097793103	537	12,100	SH		DFND		12,100	0	0
CR BARD INC	Common Stock	067383109	592	4,000	SH		DFND		4,000	0	0
FRANKLIN RESOURCES INC	Common Stock	354613101	614	11,332	SH		DFND		11,332	0	0
BROWN-FORMAN CORP-CLASS B	Common Stock	115637209	623	6,950	SH		DFND		6,950	0	0
BUNGE LTD	Common Stock	G16962105	969	12,187	SH		DFND		12,187	0	0
BAKER HUGHES INC	Common Stock	057224107	244	3,747	SH		DFND		3,747	0	0
BAIDU INC - SPON ADR	Common Stock	056752108	484	3,176	SH		DFND		3,176	0	0
BIOGEN IDEC INC	Common Stock	09062X103	529	1,730	SH		DFND		1,730	0	0
BUCKLE INC/THE	Common Stock	118440106	585	12,777	SH		DFND		12,777	0	0
Vgrd Total Bond Mkt ETF	ETF	921937835	98,109	1,208,384	SH		DFND		1,208,384	0	0
BOFI HOLDING INC	Common Stock	05566U108	539	6,281	SH		DFND		6,281	0	0
BUCKEYE PARTNERS LP	Common Stock	118230101	408,600	5,444,365	SH		DFND		5,444,365	0	0
Buckeye Partners LP MLP	Common Stock	118230101	1,599	21,305	SH		DFND		21,305	0	0
BROADRIDGE FINANCIAL SOLUTIO	Common Stock	11133T103	614	16,532	SH		DFND		16,532	0	0
BROCADE COMMUNICATIONS SYS	Common Stock	111621306	604	56,900	SH		DFND		56,900	0	0
BERKSHIRE HATHAWAY INC-CL B	Common Stock	084670702	590	4,723	SH		DFND		4,723	0	0
Vgrd Short-Term Bond ETF	ETF	921937827	94,148	1,175,384	SH		DFND		1,175,384	0	0
B2GOLD CORP	Common Stock	11777Q209	69	25,800	SH		DFND		25,800	0	0
BORGWARNER INC	Common Stock	099724106	586	9,532	SH		DFND		9,532	0	0
BOSTON PROPERTIES INC	Common Stock	101121101	2,646	23,104	SH		DFND		23,104	0	0
CA INC	Common Stock	12673P105	10,922	352,654	SH		DFND		352,654	0	0
CREDIT ACCEPTANCE CORP	Common Stock	225310101	580	4,081	SH		DFND		4,081	0	0
CALAMP CORP	Common Stock	128126109	520	18,644	SH		DFND		18,644	0	0
CAI INTERNATIONAL INC	Common Stock	12477X106	602	24,396	SH		DFND		24,396	0	0
CAMBREX CORP	Common Stock	132011107	568	30,100	SH		DFND		30,100	0	0
CBOE HOLDINGS INC	Common Stock	12503M108	586	10,354	SH		DFND		10,354	0	0
CBS CORP-CLASS B NON VOTING	Common Stock	124857202	550	8,900	SH		DFND		8,900	0	0
CROWN HOLDINGS INC	Common Stock	228368106	654	14,616	SH		DFND		14,616	0	0
CELANESE CORP-SERIES A	Common Stock	150870103	588	10,600	SH		DFND		10,600	0	0
CNOOC LTD-ADR	Common Stock	126132109	283	1,866	SH		DFND		1,866	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	125269100	1,800	6,906	SH		DFND		6,906	0	0
CHINA MOBILE LTD-SPON ADR	Common Stock	16941M109	553	12,122	SH		DFND		12,122	0	0
CINCINNATI FINANCIAL CORP	Common Stock	172062101	11,392	234,111	SH		DFND		234,111	0	0
CONTINENTAL RESOURCES INC/OK	Common Stock	212015101	658	5,295	SH		DFND		5,295	0	0
COMCAST CORP-SPECIAL CL A	Common Stock	20030N200	585	12,000	SH		DFND		12,000	0	0
CHIPOTLE MEXICAN GRILL INC	Common Stock	169656105	562	990	SH		DFND		990	0	0
CUMMINS INC	Common Stock	231021106	638	4,280	SH		DFND		4,280	0	0
Crestwood Midstream MLP	Common Stock	226378107	259	11,488	SH		DFND		11,488	0	0
CRESTWOOD MIDSTREAM PARTNERS	Common Stock	226378107	164,653	7,304,909	SH		DFND		7,304,909	0	0
CNH INDUSTRIAL NV	Common Stock	N20944109	897	78,042	SH		DFND		78,042	0	0
Centerpoint Energy	Common Stock	15189T107	569	24,024	SH		DFND		24,024	0	0
COHEN & STEERS INC	Common Stock	19247A100	610	15,300	SH		DFND		15,300	0	0
CONVERSANT INC	Common Stock	21249J105	642	22,800	SH		DFND		22,800	0	0
CABOT OIL & GAS CORP	Common Stock	127097103	716	21,145	SH		DFND		21,145	0	0
COLUMBIA BANKING SYSTEM INC	Common Stock	197236102	573	20,100	SH		DFND		20,100	0	0
CONN'S INC	Common Stock	208242107	699	18,000	SH		DFND		18,000	0	0
CONOCOPHILLIPS	Common Stock	20825C104	12,461	177,126	SH		DFND		177,126	0	0
COPART INC	Common Stock	217204106	586	16,100	SH		DFND		16,100	0	0
COMPUTER PROGRAMS & SYSTEMS	Common Stock	205306103	559	8,659	SH		DFND		8,659	0	0
CAMDEN PROPERTY TRUST	Common Stock	133131102	937	13,915	SH		DFND		13,915	0	0
CIRRUS LOGIC INC	Common Stock	172755100	601	30,235	SH		DFND		30,235	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	637	28,412	SH		DFND		28,412	0	0
CENTURYLINK INC	Common Stock	156700106	11,876	361,628	SH		DFND		361,628	0	0
COGNIZANT TECH SOLUTIONS-A	Common Stock	192446102	598	11,818	SH		DFND		11,818	0	0
CABLEVISION SYSTEMS-NY GRP-A	Common Stock	12686C109	11,001	652,086	SH		DFND		652,086	0	0
CVR ENERGY INC	Common Stock	12662P108	608	14,393	SH		DFND		14,393	0	0
CVS CAREMARK CORP	Common Stock	126650100	591	7,900	SH		DFND		7,900	0	0
CHEVRON CORP	Common Stock	166764100	2,036	17,120	SH		DFND		17,120	0	0
Dominion Resources	Common Stock	25746U109	578	8,140	SH		DFND		8,140	0	0
DELTA AIR LINES INC	Common Stock	247361702	599	17,300	SH		DFND		17,300	0	0
DU PONT (E.I.) DE NEMOURS	Common Stock	263534109	11,326	168,790	SH		DFND		168,790	0	0
DEERE & CO	Common Stock	244199105	3,377	37,190	SH		DFND		37,190	0	0
DOUGLAS EMMETT INC	Common Stock	25960P109	531	19,568	SH		DFND		19,568	0	0
DISCOVER FINANCIAL SERVICES	Common Stock	254709108	609	10,474	SH		DFND		10,474	0	0
DR HORTON INC	Common Stock	23331A109	563	26,000	SH		DFND		26,000	0	0
WALT DISNEY CO/THE	Common Stock	254687106	613	7,657	SH		DFND		7,657	0	0
DIGITAL REALTY TRUST INC	Common Stock	253868103	1,027	19,346	SH		DFND		19,346	0	0
DOLLAR TREE INC	Common Stock	256746108	570	10,923	SH		DFND		10,923	0	0
DELUXE CORP	Common Stock	248019101	578	11,009	SH		DFND		11,009	0	0
DIAMOND OFFSHORE DRILLING	Common Stock	25271C102	12,214	250,502	SH		DFND		250,502	0	0
DORMAN PRODUCTS INC	Common Stock	258278100	587	9,940	SH		DFND		9,940	0	0
DOVER CORP	Common Stock	260003108	585	7,156	SH		DFND		7,156	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	11,662	240,016	SH		DFND		240,016	0	0
DCP MIDSTREAM PARTNERS LP	Common Stock	23311P100	216,741	4,326,162	SH		DFND		4,326,162	0	0
DCP Midstream Ptnrs MLP	Common Stock	23311P100	341	6,803	SH		DFND		6,803	0	0
DARDEN RESTAURANTS INC	Common Stock	237194105	11,450	225,578	SH		DFND		225,578	0	0
DRIL-QUIP INC	Common Stock	262037104	629	5,610	SH		DFND		5,610	0	0
DST SYSTEMS INC	Common Stock	233326107	559	5,900	SH		DFND		5,900	0	0
DTE Energy Co	Common Stock	233331107	589	7,922	SH		DFND		7,922	0	0
DAVITA HEALTHCARE PARTNERS I	Common Stock	23918K108	575	8,346	SH		DFND		8,346	0	0
DEVON ENERGY CORPORATION	Common Stock	25179M103	229	3,419	SH		DFND		3,419	0	0
DXP ENTERPRISES INC	Common Stock	233377407	541	5,700	SH		DFND		5,700	0	0
EBAY INC	Common Stock	278642103	662	11,979	SH		DFND		11,979	0	0
EMERGENT BIOSOLUTIONS INC	Common Stock	29089Q105	538	21,300	SH		DFND		21,300	0	0
US ECOLOGY INC	Common Stock	91732J102	564	15,200	SH		DFND		15,200	0	0
Enbridge Energy MLP	Common Stock	29250R106	463	16,902	SH		DFND		16,902	0	0
ENBRIDGE ENERGY PARTNERS LP	Common Stock	29250R106	294,580	10,747,165	SH		DFND		10,747,165	0	0
EAGLE BANCORP INC	Common Stock	268948106	578	16,000	SH		DFND		16,000	0	0
NIC INC	Common Stock	62914B100	601	31,128	SH		DFND		31,128	0	0
EMC CORP/MA	Common Stock	268648102	686	25,016	SH		DFND		25,016	0	0
EASTMAN CHEMICAL CO	Common Stock	277432100	670	7,769	SH		DFND		7,769	0	0
Enbridge Inc. DL	Common Stock	29250N105	1,345	29,603	SH		DFND		29,603	0	0
ENLINK MIDSTREAM LLC	Common Stock	29336T100	1,259	37,088	SH		DFND		37,088	0	0
ENLINK MIDSTREAM PARTNERS LP	Common Stock	29336U107	143,894	4,730,233	SH		DFND		4,730,233	0	0
Enlink Midstream Ptn	Common Stock	29336U107	226	7,439	SH		DFND		7,439	0	0
ENERSYS	Common Stock	29275Y102	564	8,133	SH		DFND		8,133	0	0
EOG RESOURCES INC	Common Stock	26875P101	1,088	5,545	SH		DFND		5,545	0	0
EPAM SYSTEMS INC	Common Stock	29414B104	570	17,335	SH		DFND		17,335	0	0
El Paso Pipeline LP MLP	Common Stock	283702108	315	10,360	SH		DFND		10,360	0	0
EL PASO PIPELINE PARTNERS LP	Common Stock	283702108	200,197	6,587,581	SH		DFND		6,587,581	0	0
Enterprise Prods. LP MLP	Common Stock	293792107	2,246	32,377	SH		DFND		32,377	0	0
ENTERPRISE PRODUCTS PARTNERS	Common Stock	293792107	819,012	11,808,131	SH		DFND		11,808,131	0	0
WISDOMTREE INDIA EARNINGS	Common Stock	97717W422	1,331	70,182	SH		DFND		70,182	0	0
EQUITY RESIDENTIAL	Common Stock	29476L107	2,936	50,635	SH		DFND		50,635	0	0
ESSEX PROPERTY TRUST INC	Common Stock	297178105	975	5,734	SH		DFND		5,734	0	0
Energy Transfer MLP	Common Stock	29273R109	1,803	33,522	SH		DFND		33,522	0	0
ENERGY TRANSFER PARTNERS LP	Common Stock	29273R109	570,594	10,607,809	SH		DFND		10,607,809	0	0
ENTERGY CORP	Common Stock	29364G103	11,462	171,455	SH		DFND		171,455	0	0
EATON VANCE CORP	Common Stock	278265103	591	15,500	SH		DFND		15,500	0	0
EVERCORE PARTNERS INC-CL A	Common Stock	29977A105	558	10,100	SH		DFND		10,100	0	0
EDWARDS LIFESCIENCES CORP	Common Stock	28176E108	583	7,854	SH		DFND		7,854	0	0
iShares MSCI Australia ETF	ETF	464286103	210	8,113	SH		DFND		8,113	0	0
EAST WEST BANCORP INC	Common Stock	27579R104	572	15,670	SH		DFND		15,670	0	0
iShares MSCI Malaysia ETF	ETF	464286830	620	39,593	SH		DFND		39,593	0	0
ISHARES MSCI SOUTH KOREA CAP	ETF	464286772	1,185	19,266	SH		DFND		19,266	0	0
EXELON CORP	Common Stock	30161N101	12,159	362,305	SH		DFND		362,305	0	0
EXLSERVICE HOLDINGS INC	Common Stock	302081104	609	19,700	SH		DFND		19,700	0	0
EAGLE MATERIALS INC	Common Stock	26969P108	594	6,700	SH		DFND		6,700	0	0
EXPONENT INC	Common Stock	30214U102	585	7,800	SH		DFND		7,800	0	0
FACEBOOK INC-A	Common Stock	30303M102	518	8,600	SH		DFND		8,600	0	0
FREEPORT-MCMORAN COPPER	Common Stock	35671D857	12,495	377,832	SH		DFND		377,832	0	0
FACTSET RESEARCH SYSTEMS INC	Common Stock	303075105	569	5,277	SH		DFND		5,277	0	0
FIRSTENERGY CORP	Common Stock	337932107	11,999	352,603	SH		DFND		352,603	0	0
FEI COMPANY	Common Stock	30241L109	587	5,700	SH		DFND		5,700	0	0
FRANKLIN ELECTRIC CO INC	Common Stock	353514102	574	13,500	SH		DFND		13,500	0	0
FUTUREFUEL CORP	Common Stock	36116M106	573	28,243	SH		DFND		28,243	0	0
F5 NETWORKS INC	Common Stock	315616102	551	5,165	SH		DFND		5,165	0	0
Fortress Investment Group LLC	Common Stock	34958B106	546	73,800	SH		DFND		73,800	0	0
FINISH LINE/THE - CL A	Common Stock	317923100	569	21,000	SH		DFND		21,000	0	0
FISERV INC	Common Stock	337738108	567	10,000	SH		DFND		10,000	0	0
FIFTH THIRD BANCORP	Common Stock	316773100	586	25,550	SH		DFND		25,550	0	0
FOOT LOCKER INC	Common Stock	344849104	594	12,639	SH		DFND		12,639	0	0
FLOWSERVE CORP	Common Stock	34354P105	598	7,633	SH		DFND		7,633	0	0
FLEETCOR TECHNOLOGIES INC	Common Stock	339041105	572	4,969	SH		DFND		4,969	0	0
FMC CORP	Common Stock	302491303	562	7,344	SH		DFND		7,344	0	0
FORESTAR GROUP INC	Common Stock	346233109	552	31,000	SH		DFND		31,000	0	0
FOSSIL GROUP INC	Common Stock	34988V106	568	4,871	SH		DFND		4,871	0	0
FIRST REPUBLIC BANK/CA	Common Stock	33616C100	580	10,751	SH		DFND		10,751	0	0
FEDERAL REALTY INVS TRUST	Common Stock	313747206	1,130	9,847	SH		DFND		9,847	0	0
FEDERAL SIGNAL CORP	Common Stock	313855108	572	38,388	SH		DFND		38,388	0	0
FMC TECHNOLOGIES INC	Common Stock	30249U101	665	12,718	SH		DFND		12,718	0	0
FLOTEK INDUSTRIES INC	Common Stock	343389102	599	21,504	SH		DFND		21,504	0	0
FRONTIER COMMUNICATIONS CORP	Common Stock	35906A108	12,673	2,223,249	SH		DFND		2,223,249	0	0
Greenhaven Cont Cmdt ETF	ETF	395258106	21,533	764,107	SH		DFND		764,107	0	0
GENERAL ELECTRIC CO	Common Stock	369604103	11,447	442,144	SH		DFND		442,144	0	0
GENESIS ENERGY L.P.	Common Stock	371927104	205,527	3,792,017	SH		DFND		3,792,017	0	0
Genesis Energy MLP	Common Stock	371927104	1,219	22,497	SH		DFND		22,497	0	0
GEOSPACE TECHNOLOGIES CORP	Common Stock	37364X109	532	8,040	SH		DFND		8,040	0	0
GERDAU SA -SPON ADR	Common Stock	373737105	154	23,957	SH		DFND		23,957	0	0
GRACO INC	Common Stock	384109104	581	7,768	SH		DFND		7,768	0	0
GENERAL GROWTH PROPERTIES	Common Stock	370023103	1,792	81,477	SH		DFND		81,477	0	0
G-III APPAREL GROUP LTD	Common Stock	36237H101	557	7,781	SH		DFND		7,781	0	0
GILEAD SCIENCES INC	Common Stock	375558103	543	7,667	SH		DFND		7,667	0	0
GULFMARK OFFSHORE INC-CL A	Common Stock	402629208	580	12,900	SH		DFND		12,900	0	0
KEURIG GREEN MOUNTAIN INC	Common Stock	49271M100	634	6,002	SH		DFND		6,002	0	0
GAMESTOP CORP-CLASS A	Common Stock	36467W109	671	16,315	SH		DFND		16,315	0	0
GOLAR LNG PARTNERS LP	Common Stock	Y2745C102	594	19,874	SH		DFND		19,874	0	0
GENERAC HOLDINGS INC	Common Stock	368736104	569	9,647	SH		DFND		9,647	0	0
GENTEX CORP	Common Stock	371901109	590	18,700	SH		DFND		18,700	0	0
GOOGLE INC-CL A	Common Stock	38259P508	544	488	SH		DFND		488	0	0
GENUINE PARTS CO	Common Stock	372460105	599	6,894	SH		DFND		6,894	0	0
GLOBAL PAYMENTS INC	Common Stock	37940X102	576	8,100	SH		DFND		8,100	0	0
GAP INC/THE	Common Stock	364760108	593	14,815	SH		DFND		14,815	0	0
GARMIN LTD	Common Stock	H2906T109	11,724	212,159	SH		DFND		212,159	0	0
GOODYEAR TIRE & RUBBER CO	Common Stock	382550101	559	21,398	SH		DFND		21,398	0	0
GENESEE & WYOMING INC-CL A	Common Stock	371559105	584	6,000	SH		DFND		6,000	0	0
WW GRAINGER INC	Common Stock	384802104	586	2,319	SH		DFND		2,319	0	0
HALLIBURTON CO	Common Stock	406216101	413	7,015	SH		DFND		7,015	0	0
HCI GROUP INC	Common Stock	40416E103	560	15,378	SH		DFND		15,378	0	0
HEALTH CARE REIT INC	Common Stock	42217K106	2,602	43,660	SH		DFND		43,660	0	0
HCP INC	Common Stock	40414L109	2,670	68,825	SH		DFND		68,825	0	0
HOME DEPOT INC	Common Stock	437076102	578	7,300	SH		DFND		7,300	0	0
H&E EQUIPMENT SERVICES INC	Common Stock	404030108	631	15,600	SH		DFND		15,600	0	0
HEICO CORP	Common Stock	422806109	575	9,565	SH		DFND		9,565	0	0
HESS CORP	Common Stock	42809H107	798	9,633	SH		DFND		9,633	0	0
HFF INC-CLASS A	Common Stock	40418F108	584	17,385	SH		DFND		17,385	0	0
HIGHWOODS PROPERTIES INC	Common Stock	431284108	520	13,528	SH		DFND		13,528	0	0
HECLA MINING CO	Common Stock	422704106	47	15,370	SH		DFND		15,370	0	0
HERBALIFE LTD	Common Stock	G4412G101	632	11,035	SH		DFND		11,035	0	0
HONEYWELL INTERNATIONAL INC	Common Stock	438516106	585	6,302	SH		DFND		6,302	0	0
HELMERICH & PAYNE	Common Stock	423452101	606	5,633	SH		DFND		5,633	0	0
HEARTLAND PAYMENT SYSTEMS IN	Common Stock	42235N108	551	13,303	SH		DFND		13,303	0	0
HORMEL FOODS CORP	Common Stock	440452100	612	12,416	SH		DFND		12,416	0	0
HSN INC	Common Stock	404303109	572	9,575	SH		DFND		9,575	0	0
HOST HOTELS & RESORTS INC	Common Stock	44107P104	2,319	114,595	SH		DFND		114,595	0	0
HERSHEY CO/THE	Common Stock	427866108	579	5,542	SH		DFND		5,542	0	0
HILLTOP HOLDINGS INC	Common Stock	432748101	602	25,300	SH		DFND		25,300	0	0
HEARTLAND EXPRESS INC	Common Stock	422347104	599	26,400	SH		DFND		26,400	0	0
ISHARES IBOXX HIGH YIELD COR	ETF	464288513	797	8,447	SH		DFND		8,447	0	0
INTL BUSINESS MACHINES CORP	Common Stock	459200101	646	3,357	SH		DFND		3,357	0	0
MARKET VECTORS INDONESIA IND	Common Stock	57060U753	479	19,062	SH		DFND		19,062	0	0
IGATE CORP	Common Stock	45169U105	575	18,233	SH		DFND		18,233	0	0
INTERVAL LEISURE GROUP	Common Stock	46113M108	583	22,300	SH		DFND		22,300	0	0
iShs S&P MidCap 400 ETF	ETF	464287507	65,320	475,190	SH		DFND		475,190	0	0
INGRAM MICRO INC-CL A	Common Stock	457153104	594	20,100	SH		DFND		20,100	0	0
INFOSYS LTD-SP ADR	Common Stock	456788108	303	5,598	SH		DFND		5,598	0	0
INGREDION INC	Common Stock	457187102	1,013	14,879	SH		DFND		14,879	0	0
WORLD FUEL SERVICES CORP	Common Stock	981475106	580	13,150	SH		DFND		13,150	0	0
INTEL CORP	Common Stock	458140100	12,266	475,242	SH		DFND		475,242	0	0
INTUIT INC	Common Stock	461202103	595	7,650	SH		DFND		7,650	0	0
INNOSPEC INC	Common Stock	45768S105	599	13,238	SH		DFND		13,238	0	0
INTERNATIONAL PAPER CO	Common Stock	460146103	586	12,777	SH		DFND		12,777	0	0
INTER PARFUMS INC	Common Stock	458334109	601	16,600	SH		DFND		16,600	0	0
INLAND REAL ESTATE CORP	Common Stock	457461200	583	55,300	SH		DFND		55,300	0	0
IRON MOUNTAIN INC	Common Stock	462846106	11,132	403,771	SH		DFND		403,771	0	0
INTUITIVE SURGICAL INC	Common Stock	46120E602	560	1,279	SH		DFND		1,279	0	0
ISHARES CORE S&P 500 ETF	ETF	464287200	15,412	81,907	SH		DFND		81,907	0	0
iShs Core S&P 500 ETF	ETF	464287200	134,326	713,854	SH		DFND		713,854	0	0
INVESCO LTD	Common Stock	G491BT108	11,865	320,683	SH		DFND		320,683	0	0
ISHARES RUSSELL 1000 ETF	ETF	464287622	804	7,675	SH		DFND		7,675	0	0
ISHARES RUSSELL 2000 ETF	ETF	464287655	698	6,002	SH		DFND		6,002	0	0
HUNT (JB) TRANSPRT SVCS INC	Common Stock	445658107	593	8,240	SH		DFND		8,240	0	0
J2 GLOBAL INC	Common Stock	48123V102	597	11,930	SH		DFND		11,930	0	0
J & J SNACK FOODS CORP	Common Stock	466032109	585	6,100	SH		DFND		6,100	0	0
JACK HENRY & ASSOCIATES INC	Common Stock	426281101	563	10,098	SH		DFND		10,098	0	0
JONES LANG LASALLE INC	Common Stock	48020Q107	581	4,900	SH		DFND		4,900	0	0
JOHNSON & JOHNSON	Common Stock	478160104	642	6,532	SH		DFND		6,532	0	0
SPDR BC HY Bond ETF	ETF	78464A417	13,300	321,950	SH		DFND		321,950	0	0
NORDSTROM INC	Common Stock	655664100	616	9,859	SH		DFND		9,859	0	0
KELLOGG CO	Common Stock	487836108	627	10,002	SH		DFND		10,002	0	0
KIRBY CORP	Common Stock	497266106	557	5,500	SH		DFND		5,500	0	0
KORN/FERRY INTERNATIONAL	Common Stock	500643200	589	19,800	SH		DFND		19,800	0	0
KIMCO REALTY CORP	Common Stock	49446R109	1,351	61,727	SH		DFND		61,727	0	0
KKR & CO. L.P.	Common Stock	48248M102	573	25,100	SH		DFND		25,100	0	0
KINDER MORGAN INC	Common Stock	49456B101	12,944	398,407	SH		DFND		398,407	0	0
Kinder Morgan Energy MLP	Common Stock	494550106	1,226	16,585	SH		DFND		16,585	0	0
KINDER MORGAN ENERGY PRTNRS	Common Stock	494550106	779,905	10,546,379	SH		DFND		10,546,379	0	0
KODIAK OIL & GAS CORP	Common Stock	50015Q100	599	49,317	SH		DFND		49,317	0	0
KROGER CO	Common Stock	501044101	585	13,408	SH		DFND		13,408	0	0
KILROY REALTY CORP	Common Stock	49427F108	730	12,456	SH		DFND		12,456	0	0
KRAFT FOODS GROUP INC	Common Stock	50076Q106	11,819	210,686	SH		DFND		210,686	0	0
KAPSTONE PAPER AND PACKAGING	Common Stock	48562P103	551	19,100	SH		DFND		19,100	0	0
QUAKER CHEMICAL CORP	Common Stock	747316107	588	7,463	SH		DFND		7,463	0	0
LANCASTER COLONY CORP	Common Stock	513847103	597	6,000	SH		DFND		6,000	0	0
LAZARD LTD-CL A	Common Stock	G54050102	603	12,800	SH		DFND		12,800	0	0
LANNETT CO INC	Common Stock	516012101	472	13,200	SH		DFND		13,200	0	0
LINCOLN ELECTRIC HOLDINGS	Common Stock	533900106	578	8,020	SH		DFND		8,020	0	0
LEGGETT & PLATT INC	Common Stock	524660107	11,484	351,841	SH		DFND		351,841	0	0
LENNAR CORP-A	Common Stock	526057104	559	14,100	SH		DFND		14,100	0	0
LEAPFROG ENTERPRISES INC	Common Stock	52186N106	582	77,640	SH		DFND		77,640	0	0
CHINA LIFE INSURANCE CO-ADR	Common Stock	16939P106	244	5,768	SH		DFND		5,768	0	0
LIONS GATE ENTERTAINMENT COR	Common Stock	535919203	535	20,000	SH		DFND		20,000	0	0
LENNOX INTERNATIONAL INC	Common Stock	526107107	573	6,300	SH		DFND		6,300	0	0
LIN MEDIA LLC - A	Common Stock	532771102	734	27,700	SH		DFND		27,700	0	0
LUMBER LIQUIDATORS HOLDINGS	Common Stock	55003T107	511	5,446	SH		DFND		5,446	0	0
ELI LILLY & CO	Common Stock	532457108	11,670	198,266	SH		DFND		198,266	0	0
LIBERTY MEDIA CORP - A	Common Stock	531229102	549	4,201	SH		DFND		4,201	0	0
LOCKHEED MARTIN CORP	Common Stock	539830109	11,155	68,336	SH		DFND		68,336	0	0
LORILLARD INC	Common Stock	544147101	11,547	213,510	SH		DFND		213,510	0	0
GRAND CANYON EDUCATION INC	Common Stock	38526M106	563	12,066	SH		DFND		12,066	0	0
LIQUIDITY SERVICES INC	Common Stock	53635B107	573	22,000	SH		DFND		22,000	0	0
LIFE TIME FITNESS INC	Common Stock	53217R207	587	12,200	SH		DFND		12,200	0	0
LAS VEGAS SANDS CORP	Common Stock	517834107	574	7,107	SH		DFND		7,107	0	0
MACY'S INC	Common Stock	55616P104	591	9,968	SH		DFND		9,968	0	0
MASTERCARD INC-CLASS A	Common Stock	57636Q104	576	7,709	SH		DFND		7,709	0	0
MACERICH CO/THE	Common Stock	554382101	1,320	21,174	SH		DFND		21,174	0	0
MANHATTAN ASSOCIATES INC	Common Stock	562750109	544	15,523	SH		DFND		15,523	0	0
MASCO CORP	Common Stock	574599106	562	25,300	SH		DFND		25,300	0	0
MEDLEY CAPITAL CORP	Common Stock	58503F106	583	42,800	SH		DFND		42,800	0	0
MCDONALD'S CORP	Common Stock	580135101	11,727	119,630	SH		DFND		119,630	0	0
MICROCHIP TECHNOLOGY INC	Common Stock	595017104	11,476	240,290	SH		DFND		240,290	0	0
MOODY'S CORP	Common Stock	615369105	599	7,557	SH		DFND		7,557	0	0
MEDNAX INC	Common Stock	58502B106	576	9,300	SH		DFND		9,300	0	0
MDC HOLDINGS INC	Common Stock	552676108	561	19,852	SH		DFND		19,852	0	0
MEASUREMENT SPECIALTIES INC	Common Stock	583421102	604	8,900	SH		DFND		8,900	0	0
METHODE ELECTRONICS INC	Common Stock	591520200	564	18,384	SH		DFND		18,384	0	0
MULTIMEDIA GAMES HOLDING CO	Common Stock	625453105	556	19,156	SH		DFND		19,156	0	0
MIDDLEBY CORP	Common Stock	596278101	558	2,113	SH		DFND		2,113	0	0
PIMCO Enhan Shrt Mat ETF	ETF	72201R833	9,165	90,410	SH		DFND		90,410	0	0
MARKETAXESS HOLDINGS INC	Common Stock	57060D108	543	9,175	SH		DFND		9,175	0	0
MARSH & MCLENNAN COS	Common Stock	571748102	622	12,620	SH		DFND		12,620	0	0
3M CO	Common Stock	88579Y101	640	4,721	SH		DFND		4,721	0	0
Magellan Midstream MLP	Common Stock	559080106	1,864	26,724	SH		DFND		26,724	0	0
MAGELLAN MIDSTREAM PARTNERS	Common Stock	559080106	590,363	8,465,199	SH		DFND		8,465,199	0	0
MAXIMUS INC	Common Stock	577933104	575	12,814	SH		DFND		12,814	0	0
MONSTER BEVERAGE CORP	Common Stock	611740101	583	8,400	SH		DFND		8,400	0	0
ALTRIA GROUP INC	Common Stock	02209S103	11,404	304,684	SH		DFND		304,684	0	0
MONSANTO CO	Common Stock	61166W101	5,539	48,690	SH		DFND		48,690	0	0
MORNINGSTAR INC	Common Stock	617700109	572	7,241	SH		DFND		7,241	0	0
MOSAIC CO/THE	Common Stock	61945C103	1,905	38,101	SH		DFND		38,101	0	0
MERCK & CO. INC.	Common Stock	58933Y105	11,319	199,384	SH		DFND		199,384	0	0
MARATHON OIL CORP	Common Stock	565849106	211	5,954	SH		DFND		5,954	0	0
MICROSOFT CORP	Common Stock	594918104	639	15,598	SH		DFND		15,598	0	0
MADISON SQUARE GARDEN CO-A	Common Stock	55826P100	626	11,032	SH		DFND		11,032	0	0
MOTOROLA SOLUTIONS INC	Common Stock	620076307	572	8,900	SH		DFND		8,900	0	0
METTLER-TOLEDO INTERNATIONAL	Common Stock	592688105	576	2,442	SH		DFND		2,442	0	0
MTS SYSTEMS CORP	Common Stock	553777103	575	8,400	SH		DFND		8,400	0	0
MICRON TECHNOLOGY INC	Common Stock	595112103	575	24,300	SH		DFND		24,300	0	0
Markwest Energy Part MLP	Common Stock	570759100	1,766	27,030	SH		DFND		27,030	0	0
MARKWEST ENERGY PARTNERS LP	Common Stock	570759100	521,899	7,989,873	SH		DFND		7,989,873	0	0
MYRIAD GENETICS INC	Common Stock	62855J104	553	16,185	SH		DFND		16,185	0	0
MYLAN INC	Common Stock	628530107	533	10,909	SH		DFND		10,909	0	0
NOBLE ENERGY INC	Common Stock	655044105	213	2,996	SH		DFND		2,996	0	0
NCR CORPORATION	Common Stock	62886E108	599	16,400	SH		DFND		16,400	0	0
NEWMONT MINING CORP	Common Stock	651639106	10,384	442,991	SH		DFND		442,991	0	0
NEWMARKET CORP	Common Stock	651587107	574	1,470	SH		DFND		1,470	0	0
Targa Res. Partners MLP	Common Stock	87611X105	454	8,063	SH		DFND		8,063	0	0
TARGA RESOURCES PARTNERS LP	Common Stock	87611X105	288,452	5,127,132	SH		DFND		5,127,132	0	0
NISOURCE INC	Common Stock	65473P105	714	20,082	SH		DFND		20,082	0	0
NIKE INC -CL B	Common Stock	654106103	573	7,753	SH		DFND		7,753	0	0
NORTHERN OIL AND GAS INC	Common Stock	665531109	648	44,300	SH		DFND		44,300	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	297	3,817	SH		DFND		3,817	0	0
NEENAH PAPER INC	Common Stock	640079109	595	11,500	SH		DFND		11,500	0	0
NUSTAR ENERGY LP	Common Stock	67058H102	185,237	3,371,015	SH		DFND		3,371,015	0	0
NuStar LP MLP	Common Stock	67058H102	291	5,301	SH		DFND		5,301	0	0
NORFOLK SOUTHERN CORP	Common Stock	655844108	583	6,000	SH		DFND		6,000	0	0
NEUSTAR INC-CLASS A	Common Stock	64126X201	546	16,798	SH		DFND		16,798	0	0
NETSCOUT SYSTEMS INC	Common Stock	64115T104	587	15,610	SH		DFND		15,610	0	0
NUCOR CORP	Common Stock	670346105	11,874	234,939	SH		DFND		234,939	0	0
NU SKIN ENTERPRISES INC - A	Common Stock	67018T105	673	8,118	SH		DFND		8,118	0	0
NVR INC	Common Stock	62944T105	574	500	SH		DFND		500	0	0
NEXSTAR BROADCASTING GROUP-A	Common Stock	65336K103	631	16,817	SH		DFND		16,817	0	0
REALTY INCOME CORP	Common Stock	756109104	1,274	31,169	SH		DFND		31,169	0	0
OASIS PETROLEUM INC	Common Stock	674215108	598	14,319	SH		DFND		14,319	0	0
OLD DOMINION FREIGHT LINE	Common Stock	679580100	582	10,255	SH		DFND		10,255	0	0
OGE ENERGY CORP	Common Stock	670837103	722	19,652	SH		DFND		19,652	0	0
OCEANEERING INTL INC	Common Stock	675232102	594	8,269	SH		DFND		8,269	0	0
OILTANKING PARTNERS LP	Common Stock	678049107	617	8,000	SH		DFND		8,000	0	0
ONEOK INC	Common Stock	682680103	1,401	23,651	SH		DFND		23,651	0	0
ONEOK PARTNERS LP	Common Stock	68268N103	385,633	7,201,370	SH		DFND		7,201,370	0	0
Oneok Partners LP MLP	Common Stock	68268N103	606	11,325	SH		DFND		11,325	0	0
UNIVERSAL DISPLAY CORP	Common Stock	91347P105	549	17,200	SH		DFND		17,200	0	0
OPENTABLE INC	Common Stock	68372A104	544	7,070	SH		DFND		7,070	0	0
ORACLE CORP	Common Stock	68389X105	651	15,915	SH		DFND		15,915	0	0
ORITANI FINANCIAL CORP	Common Stock	68633D103	575	36,400	SH		DFND		36,400	0	0
O'REILLY AUTOMOTIVE INC	Common Stock	67103H107	593	3,997	SH		DFND		3,997	0	0
OSI SYSTEMS INC	Common Stock	671044105	545	9,100	SH		DFND		9,100	0	0
OVERSTOCK.COM INC	Common Stock	690370101	543	27,566	SH		DFND		27,566	0	0
OUTERWALL INC	Common Stock	690070107	637	8,786	SH		DFND		8,786	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	662	6,952	SH		DFND		6,952	0	0
BANK OF THE OZARKS	Common Stock	063904106	575	8,451	SH		DFND		8,451	0	0
PLAINS ALL AMER PIPELINE LP	Common Stock	726503105	601,830	10,918,537	SH		DFND		10,918,537	0	0
Plains All American MLP	Common Stock	726503105	946	17,171	SH		DFND		17,171	0	0
Plains GP Holdings Class A - MLP	Common Stock	72651A108	1,115	39,852	SH		DFND		39,852	0	0
PLAINS GP HOLDINGS LP-CL A	Common Stock	72651A108	280	10,023	SH		DFND		10,023	0	0
PATRICK INDUSTRIES INC	Common Stock	703343103	598	13,500	SH		DFND		13,500	0	0
PAYCHEX INC	Common Stock	704326107	11,864	278,487	SH		DFND		278,487	0	0
PROSPERITY BANCSHARES INC	Common Stock	743606105	587	8,872	SH		DFND		8,872	0	0
PEOPLE'S UNITED FINANCIAL	Common Stock	712704105	11,425	768,342	SH		DFND		768,342	0	0
PITNEY BOWES INC	Common Stock	724479100	11,396	438,488	SH		DFND		438,488	0	0
PETROLEO BRASILEIRO S.A.-ADR	Common Stock	71654V408	464	35,251	SH		DFND		35,251	0	0
PRICELINE.COM INC	Common Stock	741503403	507	425	SH		DFND		425	0	0
PHARMACYCLICS INC	Common Stock	716933106	481	4,800	SH		DFND		4,800	0	0
PDF SOLUTIONS INC	Common Stock	693282105	545	29,976	SH		DFND		29,976	0	0
PETROLOGISTICS LP	Common Stock	71672U101	571	45,900	SH		DFND		45,900	0	0
PDL BIOPHARMA INC	Common Stock	69329Y104	563	67,766	SH		DFND		67,766	0	0
PEGASYSTEMS INC	Common Stock	705573103	539	15,267	SH		DFND		15,267	0	0
PEPSICO INC	Common Stock	713448108	694	8,317	SH		DFND		8,317	0	0
SANDRIDGE PERMIAN TRUST	Common Stock	80007A102	582	48,400	SH		DFND		48,400	0	0
PETSMART INC	Common Stock	716768106	607	8,804	SH		DFND		8,804	0	0
PFIZER INC	Common Stock	717081103	11,418	355,495	SH		DFND		355,495	0	0
PGT INC	Common Stock	69336V101	577	50,106	SH		DFND		50,106	0	0
PULTEGROUP INC	Common Stock	745867101	572	29,800	SH		DFND		29,800	0	0
POLARIS INDUSTRIES INC	Common Stock	731068102	577	4,127	SH		DFND		4,127	0	0
PIER 1 IMPORTS INC	Common Stock	720279108	566	29,977	SH		DFND		29,977	0	0
PACKAGING CORP OF AMERICA	Common Stock	695156109	575	8,172	SH		DFND		8,172	0	0
POSCO-ADR	Common Stock	693483109	250	3,606	SH		DFND		3,606	0	0
PROLOGIS INC	Common Stock	74340W103	3,085	75,552	SH		DFND		75,552	0	0
POPEYES LOUISIANA KITCHEN IN	Common Stock	732872106	557	13,716	SH		DFND		13,716	0	0
PALL CORP	Common Stock	696429307	591	6,600	SH		DFND		6,600	0	0
PHILIP MORRIS INTERNATIONAL	Common Stock	718172109	11,405	139,308	SH		DFND		139,308	0	0
PNC FINANCIAL SERVICES GROUP	Common Stock	693475105	597	6,864	SH		DFND		6,864	0	0
PANERA BREAD COMPANY-CLASS A	Common Stock	69840W108	552	3,128	SH		DFND		3,128	0	0
PEPCO HOLDINGS INC	Common Stock	713291102	11,204	547,069	SH		DFND		547,069	0	0
POOL CORP	Common Stock	73278L105	583	9,500	SH		DFND		9,500	0	0
PILGRIM'S PRIDE CORP	Common Stock	72147K108	630	30,091	SH		DFND		30,091	0	0
Pembina Pipeline	Common Stock	706327103	793	20,879	SH		DFND		20,879	0	0
PORTFOLIO RECOVERY ASSOCIATE	Common Stock	73640Q105	584	10,101	SH		DFND		10,101	0	0
PROTO LABS INC	Common Stock	743713109	578	8,541	SH		DFND		8,541	0	0
PAREXEL INTERNATIONAL CORP	Common Stock	699462107	557	10,300	SH		DFND		10,300	0	0
PUBLIC STORAGE	Common Stock	74460D109	3,687	21,880	SH		DFND		21,880	0	0
PTC INC	Common Stock	69370C100	553	15,600	SH		DFND		15,600	0	0
PETROCHINA CO LTD -ADR	Common Stock	71646E100	265	2,445	SH		DFND		2,445	0	0
QUANTA SERVICES INC	Common Stock	74762E102	677	18,354	SH		DFND		18,354	0	0
PRAXAIR INC	Common Stock	74005P104	581	4,436	SH		DFND		4,436	0	0
PIONEER NATURAL RESOURCES CO	Common Stock	723787107	238	1,272	SH		DFND		1,272	0	0
QUALCOMM INC	Common Stock	747525103	620	7,868	SH		DFND		7,868	0	0
QUESTCOR PHARMACEUTICALS	Common Stock	74835Y101	601	9,260	SH		DFND		9,260	0	0
QR ENERGY LP	Common Stock	74734R108	569	31,800	SH		DFND		31,800	0	0
REYNOLDS AMERICAN INC	Common Stock	761713106	10,885	203,762	SH		DFND		203,762	0	0
EVEREST RE GROUP LTD	Common Stock	G3223R108	595	3,888	SH		DFND		3,888	0	0
REGENCY CENTERS CORP	Common Stock	758849103	706	13,825	SH		DFND		13,825	0	0
RENEWABLE ENERGY GROUP INC	Common Stock	75972A301	584	48,755	SH		DFND		48,755	0	0
REGENERON PHARMACEUTICALS	Common Stock	75886F107	534	1,779	SH		DFND		1,779	0	0
REPLIGEN CORP	Common Stock	759916109	486	37,775	SH		DFND		37,775	0	0
ROYAL GOLD INC	Common Stock	780287108	251	4,001	SH		DFND		4,001	0	0
Regency Energy Part MLP	Common Stock	75885Y107	620	22,765	SH		DFND		22,765	0	0
REGENCY ENERGY PARTNERS LP	Common Stock	75885Y107	394,019	14,475,362	SH		DFND		14,475,362	0	0
STURM RUGER & CO INC	Common Stock	864159108	557	9,317	SH		DFND		9,317	0	0
ROBERT HALF INTL INC	Common Stock	770323103	655	15,607	SH		DFND		15,607	0	0
ROCK TENN COMPANY -CL A	Common Stock	772739207	653	6,185	SH		DFND		6,185	0	0
RALPH LAUREN CORP	Common Stock	751212101	589	3,662	SH		DFND		3,662	0	0
REGIONAL MANAGEMENT CORP	Common Stock	75902K106	555	22,500	SH		DFND		22,500	0	0
RESMED INC	Common Stock	761152107	584	13,069	SH		DFND		13,069	0	0
RENAISSANCERE HOLDINGS LTD	Common Stock	G7496G103	586	6,000	SH		DFND		6,000	0	0
ROCKWELL AUTOMATION INC	Common Stock	773903109	633	5,081	SH		DFND		5,081	0	0
ROLLINS INC	Common Stock	775711104	587	19,400	SH		DFND		19,400	0	0
ROSETTA RESOURCES INC	Common Stock	777779307	585	12,562	SH		DFND		12,562	0	0
ROSS STORES INC	Common Stock	778296103	571	7,987	SH		DFND		7,987	0	0
RPX CORP	Common Stock	74972G103	594	36,500	SH		DFND		36,500	0	0
RR DONNELLEY & SONS CO	Common Stock	257867101	553	30,900	SH		DFND		30,900	0	0
RUTH'S HOSPITALITY GROUP INC	Common Stock	783332109	579	47,900	SH		DFND		47,900	0	0
RYLAND GROUP INC/THE	Common Stock	783764103	565	14,160	SH		DFND		14,160	0	0
SANDERSON FARMS INC	Common Stock	800013104	591	7,524	SH		DFND		7,524	0	0
BOSTON BEER COMPANY INC-A	Common Stock	100557107	592	2,418	SH		DFND		2,418	0	0
SPIRIT AIRLINES INC	Common Stock	848577102	550	9,262	SH		DFND		9,262	0	0
SINCLAIR BROADCAST GROUP -A	Common Stock	829226109	607	22,400	SH		DFND		22,400	0	0
SIGNATURE BANK	Common Stock	82669G104	565	4,500	SH		DFND		4,500	0	0
iShs MSCI EAFE SC ETF	ETF	464288273	20,769	397,875	SH		DFND		397,875	0	0
SEADRILL LTD	Common Stock	G7945E105	2,916	82,664	SH		DFND		82,664	0	0
SPECTRA ENERGY CORP	Common Stock	847560109	11,674	316,031	SH		DFND		316,031	0	0
Spectra Energy Corp.	Common Stock	847560109	1,100	29,785	SH		DFND		29,785	0	0
SEI INVESTMENTS COMPANY	Common Stock	784117103	574	17,074	SH		DFND		17,074	0	0
SPECTRA ENERGY PARTNERS LP	Common Stock	84756N109	118,352	2,417,821	SH		DFND		2,417,821	0	0
STIFEL FINANCIAL CORP	Common Stock	860630102	592	11,900	SH		DFND		11,900	0	0
SHINHAN FINANCIAL GROUP-ADR	Common Stock	824596100	242	5,508	SH		DFND		5,508	0	0
STEVEN MADDEN LTD	Common Stock	556269108	579	16,094	SH		DFND		16,094	0	0
SHERWIN-WILLIAMS CO/THE	Common Stock	824348106	572	2,900	SH		DFND		2,900	0	0
SIGMA-ALDRICH	Common Stock	826552101	579	6,201	SH		DFND		6,201	0	0
CIA SIDERURGICA NACL-SP ADR	Common Stock	20440W105	131	29,938	SH		DFND		29,938	0	0
SIRIUS XM HOLDINGS INC	Common Stock	82968B103	84	26,139	SH		DFND		26,139	0	0
TANGER FACTORY OUTLET CENTER	Common Stock	875465106	494	14,123	SH		DFND		14,123	0	0
SCHLUMBERGER LTD	Common Stock	806857108	1,826	18,731	SH		DFND		18,731	0	0
SL GREEN REALTY CORP	Common Stock	78440X101	1,450	14,407	SH		DFND		14,407	0	0
SALIX PHARMACEUTICALS LTD	Common Stock	795435106	528	5,100	SH		DFND		5,100	0	0
SNAP-ON INC	Common Stock	833034101	594	5,234	SH		DFND		5,234	0	0
SYNCHRONOSS TECHNOLOGIES INC	Common Stock	87157B103	549	16,000	SH		DFND		16,000	0	0
SANDISK CORP	Common Stock	80004C101	601	7,407	SH		DFND		7,407	0	0
SUN HYDRAULICS CORP	Common Stock	866942105	585	13,500	SH		DFND		13,500	0	0
SCRIPPS NETWORKS INTER-CL A	Common Stock	811065101	567	7,464	SH		DFND		7,464	0	0
CHINA PETROLEUM & CHEM-ADR	Common Stock	16941R108	265	2,959	SH		DFND		2,959	0	0
SIMON PROPERTY GROUP INC	Common Stock	828806109	4,165	25,395	SH		DFND		25,395	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	15,405	82,363	SH		DFND		82,363	0	0
QUIMICA Y MINERA CHIL-SP ADR	Common Stock	833635105	293	9,247	SH		DFND		9,247	0	0
STAMPS.COM INC	Common Stock	852857200	547	16,303	SH		DFND		16,303	0	0
QUESTAR CORP	Common Stock	748356102	702	29,520	SH		DFND		29,520	0	0
SEAGATE TECHNOLOGY	Common Stock	G7945M107	12,396	220,727	SH		DFND		220,727	0	0
CONSTELLATION BRANDS INC-A	Common Stock	21036P108	603	7,100	SH		DFND		7,100	0	0
SWIFT TRANSPORTATION CO	Common Stock	87074U101	565	22,833	SH		DFND		22,833	0	0
SMITH & WESSON HOLDING CORP	Common Stock	831756101	615	42,039	SH		DFND		42,039	0	0
SOLARWINDS INC	Common Stock	83416B109	562	13,182	SH		DFND		13,182	0	0
STANLEY BLACK & DECKER INC	Common Stock	854502101	593	7,300	SH		DFND		7,300	0	0
SKYWORKS SOLUTIONS INC	Common Stock	83088M102	580	15,454	SH		DFND		15,454	0	0
SOUTHWESTERN ENERGY CO	Common Stock	845467109	733	15,921	SH		DFND		15,921	0	0
Sunoco Logistics LP MLP	Common Stock	86764L108	520	5,717	SH		DFND		5,717	0	0
SUNOCO LOGISTICS PARTNERS LP	Common Stock	86764L108	330,360	3,635,120	SH		DFND		3,635,120	0	0
SYNAPTICS INC	Common Stock	87157D109	574	9,567	SH		DFND		9,567	0	0
SYNTEL INC	Common Stock	87162H103	570	6,343	SH		DFND		6,343	0	0
AT&T INC	Common Stock	00206R102	11,984	341,729	SH		DFND		341,729	0	0
TASER INTERNATIONAL INC	Common Stock	87651B104	586	32,048	SH		DFND		32,048	0	0
TRUEBLUE INC	Common Stock	89785X101	606	20,700	SH		DFND		20,700	0	0
TRIANGLE CAPITAL CORP	Common Stock	895848109	582	22,497	SH		DFND		22,497	0	0
TC PIPELINES LP	Common Stock	87233Q108	112,190	2,340,712	SH		DFND		2,340,712	0	0
TERADATA CORP	Common Stock	88076W103	625	12,700	SH		DFND		12,700	0	0
TECO ENERGY INC	Common Stock	872375100	11,215	653,960	SH		DFND		653,960	0	0
TENNECO INC	Common Stock	880349105	557	9,600	SH		DFND		9,600	0	0
FRESH MARKET INC/THE	Common Stock	35804H106	571	16,998	SH		DFND		16,998	0	0
GENTHERM INC	Common Stock	37253A103	628	18,100	SH		DFND		18,100	0	0
TIFFANY & CO	Common Stock	886547108	543	6,300	SH		DFND		6,300	0	0
iShs Barclays TIPS ETF	ETF	464287176	23,758	211,933	SH		DFND		211,933	0	0
TIVO INC	Common Stock	888706108	580	43,816	SH		DFND		43,816	0	0
TJX COMPANIES INC	Common Stock	872540109	618	10,192	SH		DFND		10,192	0	0
TESORO LOGISTICS LP	Common Stock	88160T107	110,435	1,834,165	SH		DFND		1,834,165	0	0
ISHARES 20+ YEAR TREASURY BO	ETF	464287432	674	6,180	SH		DFND		6,180	0	0
TEAM HEALTH HOLDINGS INC	Common Stock	87817A107	571	12,765	SH		DFND		12,765	0	0
TAYLOR MORRISON HOME CORP-A	Common Stock	87724P106	571	24,300	SH		DFND		24,300	0	0
TERRA NITROGEN COMPANY LP	Common Stock	881005201	575	3,779	SH		DFND		3,779	0	0
THIRD POINT REINSURANCE LTD	Common Stock	G8827U100	598	37,706	SH		DFND		37,706	0	0
TARGA RESOURCES CORP	Common Stock	87612G101	1,407	14,176	SH		DFND		14,176	0	0
TRINITY INDUSTRIES INC	Common Stock	896522109	579	8,038	SH		DFND		8,038	0	0
T ROWE PRICE GROUP INC	Common Stock	74144T108	590	7,163	SH		DFND		7,163	0	0
TransCanada Corp. DL	Common Stock	89353D107	1,327	29,200	SH		DFND		29,200	0	0
TRAVELERS COS INC/THE	Common Stock	89417E109	596	7,000	SH		DFND		7,000	0	0
TRW AUTOMOTIVE HOLDINGS CORP	Common Stock	87264S106	587	7,189	SH		DFND		7,189	0	0
TRACTOR SUPPLY COMPANY	Common Stock	892356106	566	8,020	SH		DFND		8,020	0	0
TAIWAN SEMICONDUCTOR-SP ADR	Common Stock	874039100	857	42,792	SH		DFND		42,792	0	0
TYSON FOODS INC-CL A	Common Stock	902494103	614	13,949	SH		DFND		13,949	0	0
TOTAL SYSTEM SERVICES INC	Common Stock	891906109	578	19,000	SH		DFND		19,000	0	0
TORO CO	Common Stock	891092108	568	8,994	SH		DFND		8,994	0	0
TAKE-TWO INTERACTIVE SOFTWRE	Common Stock	874054109	588	26,800	SH		DFND		26,800	0	0
TUPPERWARE BRANDS CORP	Common Stock	899896104	596	7,120	SH		DFND		7,120	0	0
TIME WARNER CABLE	Common Stock	88732J207	623	4,538	SH		DFND		4,538	0	0
TEXAS ROADHOUSE INC	Common Stock	882681109	582	22,300	SH		DFND		22,300	0	0
UNDER ARMOUR INC-CLASS A	Common Stock	904311107	545	4,756	SH		DFND		4,756	0	0
CVR PARTNERS LP	Common Stock	126633106	594	28,021	SH		DFND		28,021	0	0
UBIQUITI NETWORKS INC	Common Stock	90347A100	485	10,661	SH		DFND		10,661	0	0
UDR INC	Common Stock	902653104	976	37,792	SH		DFND		37,792	0	0
AMERCO	Common Stock	023586100	549	2,366	SH		DFND		2,366	0	0
ULTA SALON COSMETICS & FRAGR	Common Stock	90384S303	559	5,732	SH		DFND		5,732	0	0
UNITED MICROELECTRON-SP ADR	Common Stock	910873405	58	27,976	SH		DFND		27,976	0	0
UNIFIRST CORP/MA	Common Stock	904708104	583	5,300	SH		DFND		5,300	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	623	7,603	SH		DFND		7,603	0	0
UNION PACIFIC CORP	Common Stock	907818108	587	3,129	SH		DFND		3,129	0	0
UNIT CORP	Common Stock	909218109	615	9,400	SH		DFND		9,400	0	0
UNITED PARCEL SERVICE-CL B	Common Stock	911312106	584	6,000	SH		DFND		6,000	0	0
UNITED RENTALS INC	Common Stock	911363109	601	6,333	SH		DFND		6,333	0	0
US BANCORP	Common Stock	902973304	624	14,565	SH		DFND		14,565	0	0
USANA HEALTH SCIENCES INC	Common Stock	90328M107	655	8,690	SH		DFND		8,690	0	0
UNIVERSAL INSURANCE HOLDINGS	Common Stock	91359V107	504	39,700	SH		DFND		39,700	0	0
VISA INC-CLASS A SHARES	Common Stock	92826C839	532	2,466	SH		DFND		2,466	0	0
VALSPAR CORP	Common Stock	920355104	570	7,900	SH		DFND		7,900	0	0
VALE SA-SP ADR	Common Stock	91912E105	973	70,335	SH		DFND		70,335	0	0
VARIAN MEDICAL SYSTEMS INC	Common Stock	92220P105	581	6,921	SH		DFND		6,921	0	0
Vgrd Small-Cap ETF	ETF	922908751	40,606	359,502	SH		DFND		359,502	0	0
VISTEON CORP	Common Stock	92839U206	610	6,900	SH		DFND		6,900	0	0
Vgrd MSCI EAFE ETF	ETF	921943858	81,403	1,972,460	SH		DFND		1,972,460	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	251	4,719	SH		DFND		4,719	0	0
VALMONT INDUSTRIES	Common Stock	920253101	594	3,989	SH		DFND		3,989	0	0
VORNADO REALTY TRUST	Common Stock	929042109	2,598	26,359	SH		DFND		26,359	0	0
Vgrd REIT ETF	ETF	922908553	11,987	169,734	SH		DFND		169,734	0	0
VANGUARD S&P 500 ETF	ETF	922908363	15,407	89,916	SH		DFND		89,916	0	0
VERA BRADLEY INC	Common Stock	92335C106	558	20,661	SH		DFND		20,661	0	0
VIRTUS INVESTMENT PARTNERS	Common Stock	92828Q109	559	3,227	SH		DFND		3,227	0	0
VITAMIN SHOPPE INC	Common Stock	92849E101	619	13,018	SH		DFND		13,018	0	0
VENTAS INC	Common Stock	92276F100	2,691	44,431	SH		DFND		44,431	0	0
Vgrd FTSE Emerge Mkt ETF	ETF	922042858	31,788	783,336	SH		DFND		783,336	0	0
VERIZON COMMUNICATIONS INC	Common Stock	92343V104	12,061	253,538	SH		DFND		253,538	0	0
WABTEC CORP	Common Stock	929740108	561	7,245	SH		DFND		7,245	0	0
WALTER INVESTMENT MANAGEMENT	Common Stock	93317W102	591	19,800	SH		DFND		19,800	0	0
WABCO HOLDINGS INC	Common Stock	92927K102	586	5,552	SH		DFND		5,552	0	0
WADDELL & REED FINANCIAL-A	Common Stock	930059100	593	8,055	SH		DFND		8,055	0	0
WESTERN GAS PARTNERS LP	Common Stock	958254104	229,391	3,465,638	SH		DFND		3,465,638	0	0
Western Gas Partners MLP	Common Stock	958254104	1,315	19,865	SH		DFND		19,865	0	0
WISDOMTREE INVESTMENTS INC	Common Stock	97717P104	583	44,458	SH		DFND		44,458	0	0
WELLS FARGO & CO	Common Stock	949746101	11,648	234,173	SH		DFND		234,173	0	0
WINDSTREAM HOLDINGS INC	Common Stock	97382A101	11,045	1,340,380	SH		DFND		1,340,380	0	0
WESTLAKE CHEMICAL CORP	Common Stock	960413102	576	8,702	SH		DFND		8,702	0	0
WASTE MANAGEMENT INC	Common Stock	94106L109	11,415	271,341	SH		DFND		271,341	0	0
WILLIAMS COS INC	Common Stock	969457100	12,396	305,465	SH		DFND		305,465	0	0
WAL-MART STORES INC	Common Stock	931142103	600	7,855	SH		DFND		7,855	0	0
WESTERN REFINING INC	Common Stock	959319104	555	14,383	SH		DFND		14,383	0	0
WILLIAMS PARTNERS LP	Common Stock	96950F104	406,143	7,972,978	SH		DFND		7,972,978	0	0
Williams Partners LP MLP	Common Stock	96950F104	639	12,538	SH		DFND		12,538	0	0
WARREN RESOURCES INC	Common Stock	93564A100	591	123,200	SH		DFND		123,200	0	0
WEINGARTEN REALTY INVESTORS	Common Stock	948741103	505	16,834	SH		DFND		16,834	0	0
WORLD ACCEPTANCE CORP	Common Stock	981419104	577	7,687	SH		DFND		7,687	0	0
WILLIAMS-SONOMA INC	Common Stock	969904101	588	8,823	SH		DFND		8,823	0	0
CIMAREX ENERGY CO	Common Stock	171798101	607	5,100	SH		DFND		5,100	0	0
MATERIALS SELECT SECTOR SPDR	ETF	81369Y100	16,065	339,788	SH		DFND		339,788	0	0
ENERGY SELECT SECTOR SPDR	ETF	81369Y506	16,465	184,873	SH		DFND		184,873	0	0
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	16,052	718,522	SH		DFND		718,522	0	0
INDUSTRIAL SELECT SECT SPDR	ETF	81369Y704	16,305	311,582	SH		DFND		311,582	0	0
TECHNOLOGY SELECT SECT SPDR	ETF	81369Y803	16,113	443,280	SH		DFND		443,280	0	0
XILINX INC	Common Stock	983919101	592	10,900	SH		DFND		10,900	0	0
CONSUMER STAPLES SPDR	ETF	81369Y308	16,307	378,693	SH		DFND		378,693	0	0
UTILITIES SELECT SECTOR SPDR	ETF	81369Y886	16,474	397,357	SH		DFND		397,357	0	0
HEALTH CARE SELECT SECTOR	ETF	81369Y209	16,181	276,643	SH		DFND		276,643	0	0
CONSUMER DISCRETIONARY SELT	ETF	81369Y407	15,863	245,096	SH		DFND		245,096	0	0
EXXON MOBIL CORP	Common Stock	30231G102	3,723	38,119	SH		DFND		38,119	0	0
ALLEGHANY CORP	Common Stock	017175100	570	1,400	SH		DFND		1,400	0	0
ZEBRA TECHNOLOGIES CORP-CL A	Common Stock	989207105	576	8,300	SH		DFND		8,300	0	0