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	390	26,164	SH		DFND		26,164	0	0
APPLE INC	Common Stock	037833100	747	8,041	SH		DFND		8,041	0	0
ABBVIE INC	Common Stock	00287Y109	15,179	268,940	SH		DFND		268,940	0	0
BARRICK GOLD CORP	Common Stock	024835100	1,089	59,496	SH		DFND		59,496	0	0
AMERICAN CAMPUS COMMUNITIES	Common Stock	00434L109	564	14,755	SH		DFND		14,755	0	0
ACCESS MIDSTREAM PARTNERS LP	Common Stock	00434L109	340,674	5,360,726	SH		DFND		5,360,726	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	2,335	52,937	SH		DFND		52,937	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	590	2,098	SH		DFND		2,098	0	0
AMERICAN EQUITY INVT LIFE HL	Common Stock	025676206	624	25,380	SH		DFND		25,380	0	0
AGNICO EAGLE MINES LTD	Common Stock	001055102	386	10,092	SH		DFND		10,092	0	0
AFLAC INC	Common Stock	032359309	588	9,438	SH		DFND		9,438	0	0
AMTRUST FINANCIAL SERVICES	Common Stock	001084102	663	15,846	SH		DFND		15,846	0	0
AGCO CORP	Common Stock	018490102	1,042	18,534	SH		DFND		18,534	0	0
ALLERGAN INC	Common Stock	G0585R106	764	4,513	SH		DFND		4,513	0	0
ASSURED GUARANTY LTD	Common Stock	04010E109	563	22,984	SH		DFND		22,984	0	0
ARGAN INC	Common Stock	01861G100	769	20,628	SH		DFND		20,628	0	0
ALLIANCE HOLDINGS GP LP	Common Stock	03761U106	646	9,968	SH		DFND		9,968	0	0
APOLLO INVESTMENT CORP	Common Stock	04621X108	618	71,827	SH		DFND		71,827	0	0
ASSURANT INC	Common Stock	00971T101	605	9,231	SH		DFND		9,231	0	0
AKAMAI TECHNOLOGIES INC	Common Stock	00912X302	611	10,006	SH		DFND		10,006	0	0
AIR LEASE CORP	Common Stock	012653101	621	16,108	SH		DFND		16,108	0	0
ALBEMARLE CORP	Common Stock	01748X102	668	9,336	SH		DFND		9,336	0	0
ALLEGIANT TRAVEL CO	Common Stock	011659109	647	5,498	SH		DFND		5,498	0	0
ALASKA AIR GROUP INC	Common Stock	020002101	617	6,493	SH		DFND		6,493	0	0
ALLSTATE CORP	Common Stock	038222105	639	10,876	SH		DFND		10,876	0	0
APPLIED MATERIALS INC	Common Stock	008252108	694	30,784	SH		DFND		30,784	0	0
AFFILIATED MANAGERS GROUP	Common Stock	031162100	646	3,146	SH		DFND		3,146	0	0
AMGEN INC	Common Stock	035255108	563	4,755	SH		DFND		4,755	0	0
ANIKA THERAPEUTICS INC	Common Stock	035623107	641	13,836	SH		DFND		13,836	0	0
ANN INC	Common Stock	037411105	660	16,031	SH		DFND		16,031	0	0
APACHE CORP	Common Stock	032511107	307	3,053	SH		DFND		3,053	0	0
ANADARKO PETROLEUM CORP	Common Stock	02913V103	436	3,981	SH		DFND		3,981	0	0
AMERICAN PUBLIC EDUCATION	Common Stock	049392103	584	16,986	SH		DFND		16,986	0	0
Atlas Pipeline Part. MLP	Common Stock	037612306	256	7,436	SH		DFND		7,436	0	0
APOLLO GLOBAL MANAGEMENT - A	Common Stock	015271109	500	18,023	SH		DFND		18,023	0	0
ALEXANDRIA REAL ESTATE EQUIT	Common Stock	03834A103	783	10,089	SH		DFND		10,089	0	0
APPROACH RESOURCES INC	Common Stock	03762U105	651	28,628	SH		DFND		28,628	0	0
APOLLO COMMERCIAL REAL ESTAT	Common Stock	02916P103	589	35,732	SH		DFND		35,732	0	0
AMERICAN RAILCAR INDUSTRIES	Common Stock	01877R108	557	8,215	SH		DFND		8,215	0	0
ALLIANCE RESOURCE PARTNERS	Common Stock	00756M404	683	14,632	SH		DFND		14,632	0	0
ADVANCED SEMICONDUCTOR E-ADR	Common Stock	049560105	92	14,156	SH		DFND		14,156	0	0
ATMOS ENERGY CORP	Common Stock	046433108	1,139	21,329	SH		DFND		21,329	0	0
ASTRONICS CORP	Common Stock	050095108	504	8,928	SH		DFND		8,928	0	0
ATWOOD OCEANICS INC	Common Stock	035128206	669	12,752	SH		DFND		12,752	0	0
ANGLOGOLD ASHANTI-SPON ADR	Common Stock	002255107	280	16,256	SH		DFND		16,256	0	0
AU OPTRONICS CORP-SPON ADR	Common Stock	053484101	44	10,406	SH		DFND		10,406	0	0
AVALONBAY COMMUNITIES INC	Common Stock	030371108	2,435	17,123	SH		DFND		17,123	0	0
AMERICAN VANGUARD CORP	Common Stock	025816109	393	29,728	SH		DFND		29,728	0	0
AMERICAN EXPRESS CO	Common Stock	045327103	662	6,974	SH		DFND		6,974	0	0
ASPEN TECHNOLOGY INC	Common Stock	097023105	607	13,088	SH		DFND		13,088	0	0
BOEING CO/THE	Common Stock	071813109	657	5,164	SH		DFND		5,164	0	0
BAXTER INTERNATIONAL INC	Common Stock	075896100	14,401	199,182	SH		DFND		199,182	0	0
BED BATH & BEYOND INC	Common Stock	068463108	508	8,857	SH		DFND		8,857	0	0
BARRETT BUSINESS SVCS INC	Common Stock	054937107	451	9,600	SH		DFND		9,600	0	0
BB&T CORP	Common Stock	117043109	14,960	379,401	SH		DFND		379,401	0	0
BRUNSWICK CORP	Common Stock	097793103	554	13,140	SH		DFND		13,140	0	0
BONANZA CREEK ENERGY INC	Common Stock	067383109	710	12,416	SH		DFND		12,416	0	0
CR BARD INC	Common Stock	354613101	587	4,104	SH		DFND		4,104	0	0
FRANKLIN RESOURCES INC	Common Stock	115637209	673	11,628	SH		DFND		11,628	0	0
BROWN-FORMAN CORP-CLASS B	Common Stock	G16962105	669	7,103	SH		DFND		7,103	0	0
BUNGE LTD	Common Stock	057224107	960	12,688	SH		DFND		12,688	0	0
BAKER HUGHES INC	Common Stock	056752108	255	3,423	SH		DFND		3,423	0	0
BAIDU INC - SPON ADR	Common Stock	09062X103	590	3,157	SH		DFND		3,157	0	0
BIOGEN IDEC INC	Common Stock	118440106	563	1,787	SH		DFND		1,787	0	0
BUCKLE INC/THE	Common Stock	921937835	582	13,109	SH		DFND		13,109	0	0
Vgrd Total Bond Mkt ETF	ETF	05566U108	96,317	1,171,459	SH		DFND		1,171,459	0	0
BOFI HOLDING INC	Common Stock	118230101	474	6,445	SH		DFND		6,445	0	0
BUCKEYE PARTNERS LP	Common Stock	118230101	497,016	5,983,814	SH		DFND		5,983,814	0	0
BROADRIDGE FINANCIAL SOLUTIO	Common Stock	11133T103	703	16,887	SH		DFND		16,887	0	0
BROCADE COMMUNICATIONS SYS	Common Stock	111621306	537	58,388	SH		DFND		58,388	0	0
BERKSHIRE HATHAWAY INC-CL B	Common Stock	084670702	613	4,847	SH		DFND		4,847	0	0
Vgrd Short-Term Bond ETF	ETF	921937827	85,766	1,067,534	SH		DFND		1,067,534	0	0
B2GOLD CORP	Common Stock	11777Q209	138	47,221	SH		DFND		47,221	0	0
CIA DE MINAS BUENAVENTUR-ADR	Common Stock	099724106	128	10,871	SH		DFND		10,871	0	0
BORGWARNER INC	Common Stock	101121101	638	9,780	SH		DFND		9,780	0	0
BOSTON PROPERTIES INC	Common Stock	12673P105	2,547	21,548	SH		DFND		21,548	0	0
CA INC	Common Stock	225310101	14,493	504,295	SH		DFND		504,295	0	0
CREDIT ACCEPTANCE CORP	Common Stock	128126109	516	4,189	SH		DFND		4,189	0	0
CALAMP CORP	Common Stock	12477X106	414	19,127	SH		DFND		19,127	0	0
CAI INTERNATIONAL INC	Common Stock	132011107	551	25,032	SH		DFND		25,032	0	0
CAMBREX CORP	Common Stock	12503M108	639	30,884	SH		DFND		30,884	0	0
CBOE HOLDINGS INC	Common Stock	124857202	523	10,626	SH		DFND		10,626	0	0
CBS CORP-CLASS B NON VOTING	Common Stock	228368106	567	9,132	SH		DFND		9,132	0	0
CROWN HOLDINGS INC	Common Stock	150870103	674	13,543	SH		DFND		13,543	0	0
CELANESE CORP-SERIES A	Common Stock	126132109	699	10,876	SH		DFND		10,876	0	0
CNOOC LTD-ADR	Common Stock	125269100	332	1,851	SH		DFND		1,851	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	16941M109	1,604	6,669	SH		DFND		6,669	0	0
CHINA MOBILE LTD-SPON ADR	Common Stock	172062101	586	12,062	SH		DFND		12,062	0	0
CINCINNATI FINANCIAL CORP	Common Stock	212015101	14,310	297,884	SH		DFND		297,884	0	0
CONTINENTAL RESOURCES INC/OK	Common Stock	20030N200	839	5,311	SH		DFND		5,311	0	0
COMCAST CORP-SPECIAL CL A	Common Stock	169656105	657	12,316	SH		DFND		12,316	0	0
CHIPOTLE MEXICAN GRILL INC	Common Stock	231021106	601	1,014	SH		DFND		1,014	0	0
CUMMINS INC	Common Stock	226378107	675	4,374	SH		DFND		4,374	0	0
CRESTWOOD MIDSTREAM PARTNERS	Common Stock	226378107	176,497	7,997,159	SH		DFND		7,997,159	0	0
CNH INDUSTRIAL NV	Common Stock	N20944109	803	78,526	SH		DFND		78,526	0	0
Centerpoint Energy	Common Stock	15189T107	963	37,690	SH		DFND		37,690	0	0
COHEN & STEERS INC	Common Stock	19247A100	681	15,700	SH		DFND		15,700	0	0
CONVERSANT INC	Common Stock	21249J105	594	23,396	SH		DFND		23,396	0	0
CABOT OIL & GAS CORP	Common Stock	127097103	720	21,083	SH		DFND		21,083	0	0
COLUMBIA BANKING SYSTEM INC	Common Stock	197236102	543	20,623	SH		DFND		20,623	0	0
CONN'S INC	Common Stock	208242107	912	18,467	SH		DFND		18,467	0	0
CONOCOPHILLIPS	Common Stock	20825C104	15,861	185,016	SH		DFND		185,016	0	0
COPART INC	Common Stock	217204106	594	16,520	SH		DFND		16,520	0	0
COMPUTER PROGRAMS & SYSTEMS	Common Stock	205306103	565	8,887	SH		DFND		8,887	0	0
CAMDEN PROPERTY TRUST	Common Stock	133131102	851	11,964	SH		DFND		11,964	0	0
CIRRUS LOGIC INC	Common Stock	172755100	705	31,022	SH		DFND		31,022	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	720	28,963	SH		DFND		28,963	0	0
CENTURYLINK INC	Common Stock	156700106	14,269	394,163	SH		DFND		394,163	0	0
COGNIZANT TECH SOLUTIONS-A	Common Stock	192446102	593	12,126	SH		DFND		12,126	0	0
CABLEVISION SYSTEMS-NY GRP-A	Common Stock	12686C109	15,103	855,687	SH		DFND		855,687	0	0
CVR ENERGY INC	Common Stock	12662P108	712	14,769	SH		DFND		14,769	0	0
CVS CAREMARK CORP	Common Stock	126650100	611	8,108	SH		DFND		8,108	0	0
CHEVRON CORP	Common Stock	166764100	1,990	15,247	SH		DFND		15,247	0	0
Dominion Resources	Common Stock	25746U109	928	12,977	SH		DFND		12,977	0	0
DELTA AIR LINES INC	Common Stock	247361702	687	17,752	SH		DFND		17,752	0	0
DU PONT (E.I.) DE NEMOURS	Common Stock	263534109	13,987	213,736	SH		DFND		213,736	0	0
DEERE & CO	Common Stock	244199105	3,340	36,883	SH		DFND		36,883	0	0
DOUGLAS EMMETT INC	Common Stock	25960P109	514	18,217	SH		DFND		18,217	0	0
DISCOVER FINANCIAL SERVICES	Common Stock	254709108	665	10,722	SH		DFND		10,722	0	0
DR HORTON INC	Common Stock	23331A109	656	26,680	SH		DFND		26,680	0	0
WALT DISNEY CO/THE	Common Stock	254687106	672	7,839	SH		DFND		7,839	0	0
DIGITAL REALTY TRUST INC	Common Stock	253868103	1,107	18,986	SH		DFND		18,986	0	0
DOLLAR TREE INC	Common Stock	256746108	611	11,211	SH		DFND		11,211	0	0
DELUXE CORP	Common Stock	248019101	662	11,297	SH		DFND		11,297	0	0
DIAMOND OFFSHORE DRILLING	Common Stock	25271C102	14,576	293,695	SH		DFND		293,695	0	0
DORMAN PRODUCTS INC	Common Stock	258278100	503	10,200	SH		DFND		10,200	0	0
DOVER CORP	Common Stock	260003108	668	7,344	SH		DFND		7,344	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	14,959	290,691	SH		DFND		290,691	0	0
DCP MIDSTREAM PARTNERS LP	Common Stock	23311P100	253,969	4,455,596	SH		DFND		4,455,596	0	0
DARDEN RESTAURANTS INC	Common Stock	23311P100	13,595	293,815	SH		DFND		293,815	0	0
DRIL-QUIP INC	Common Stock	237194105	629	5,758	SH		DFND		5,758	0	0
DST SYSTEMS INC	Common Stock	262037104	558	6,056	SH		DFND		6,056	0	0
DTE Energy Co	Common Stock	233326107	926	11,889	SH		DFND		11,889	0	0
DAVITA HEALTHCARE PARTNERS I	Common Stock	233331107	619	8,566	SH		DFND		8,566	0	0
DEVON ENERGY CORPORATION	Common Stock	23918K108	239	3,010	SH		DFND		3,010	0	0
DXP ENTERPRISES INC	Common Stock	25179M103	442	5,848	SH		DFND		5,848	0	0
EBAY INC	Common Stock	233377407	624	12,468	SH		DFND		12,468	0	0
EMERGENT BIOSOLUTIONS INC	Common Stock	278642103	491	21,856	SH		DFND		21,856	0	0
US ECOLOGY INC	Common Stock	29089Q105	763	15,596	SH		DFND		15,596	0	0
ENBRIDGE ENERGY PARTNERS LP	Common Stock	91732J102	408,764	11,068,607	SH		DFND		11,068,607	0	0
EAGLE BANCORP INC	Common Stock	29250R106	554	16,416	SH		DFND		16,416	0	0
NIC INC	Common Stock	29250R106	506	31,940	SH		DFND		31,940	0	0
ISHARES JP MORGAN USD EMERGI	ETF	268948106	539	4,678	SH		DFND		4,678	0	0
EMC CORP/MA	Common Stock	62914B100	604	22,941	SH		DFND		22,941	0	0
EASTMAN CHEMICAL CO	Common Stock	268648102	622	7,121	SH		DFND		7,121	0	0
Enbridge Inc. DL	Common Stock	277432100	2,141	45,131	SH		DFND		45,131	0	0
ENLINK MIDSTREAM LLC	Common Stock	29250N105	2,168	52,035	SH		DFND		52,035	0	0
ENLINK MIDSTREAM PARTNERS LP	Common Stock	29336T100	153,826	4,894,245	SH		DFND		4,894,245	0	0
ENERSYS	Common Stock	29336U107	574	8,345	SH		DFND		8,345	0	0
EOG RESOURCES INC	Common Stock	29336U107	1,250	10,700	SH		DFND		10,700	0	0
EPAM SYSTEMS INC	Common Stock	29275Y102	778	17,787	SH		DFND		17,787	0	0
EL PASO PIPELINE PARTNERS LP	Common Stock	26875P101	263,461	7,271,903	SH		DFND		7,271,903	0	0
ENTERPRISE PRODUCTS PARTNERS	Common Stock	29414B104	979,632	12,512,868	SH		DFND		12,512,868	0	0
WISDOMTREE INDIA EARNINGS	Common Stock	283702108	2,038	90,719	SH		DFND		90,719	0	0
EQT MIDSTREAM PARTNERS LP	Common Stock	283702108	202,678	2,095,079	SH		DFND		2,095,079	0	0
EQUITY RESIDENTIAL	Common Stock	293792107	2,971	47,161	SH		DFND		47,161	0	0
ESSEX PROPERTY TRUST INC	Common Stock	293792107	1,601	8,659	SH		DFND		8,659	0	0
ENERGY TRANSFER PARTNERS LP	Common Stock	97717W422	707,349	12,201,985	SH		DFND		12,201,985	0	0
ENTERGY CORP	Common Stock	29476L107	15,288	186,239	SH		DFND		186,239	0	0
EATON VANCE CORP	Common Stock	297178105	601	15,904	SH		DFND		15,904	0	0
EVERCORE PARTNERS INC-CL A	Common Stock	29273R109	597	10,364	SH		DFND		10,364	0	0
EDWARDS LIFESCIENCES CORP	Common Stock	29273R109	692	8,062	SH		DFND		8,062	0	0
EAST WEST BANCORP INC	Common Stock	29364G103	563	16,078	SH		DFND		16,078	0	0
EXELON CORP	Common Stock	278265103	14,905	408,568	SH		DFND		408,568	0	0
EXLSERVICE HOLDINGS INC	Common Stock	29977A105	595	20,216	SH		DFND		20,216	0	0
EAGLE MATERIALS INC	Common Stock	28176E108	648	6,876	SH		DFND		6,876	0	0
EXPONENT INC	Common Stock	464286103	593	8,004	SH		DFND		8,004	0	0
FACEBOOK INC-A	Common Stock	27579R104	594	8,824	SH		DFND		8,824	0	0
FREEPORT-MCMORAN COPPER	Common Stock	464286830	16,414	449,689	SH		DFND		449,689	0	0
FACTSET RESEARCH SYSTEMS INC	Common Stock	464286772	652	5,417	SH		DFND		5,417	0	0
FIRSTENERGY CORP	Common Stock	30161N101	14,794	426,100	SH		DFND		426,100	0	0
FEI COMPANY	Common Stock	302081104	531	5,852	SH		DFND		5,852	0	0
FRANKLIN ELECTRIC CO INC	Common Stock	26969P108	559	13,852	SH		DFND		13,852	0	0
FUTUREFUEL CORP	Common Stock	30214U102	481	28,971	SH		DFND		28,971	0	0
F5 NETWORKS INC	Common Stock	30303M102	591	5,301	SH		DFND		5,301	0	0
FORTRESS INVESTMENT GRP-CL A	Common Stock	35671D857	563	75,727	SH		DFND		75,727	0	0
FINISH LINE/THE - CL A	Common Stock	303075105	641	21,547	SH		DFND		21,547	0	0
FISERV INC	Common Stock	337932107	619	10,264	SH		DFND		10,264	0	0
FIFTH THIRD BANCORP	Common Stock	30241L109	630	29,503	SH		DFND		29,503	0	0
FOOT LOCKER INC	Common Stock	353514102	658	12,967	SH		DFND		12,967	0	0
FLOWSERVE CORP	Common Stock	36116M106	582	7,833	SH		DFND		7,833	0	0
FLEETCOR TECHNOLOGIES INC	Common Stock	315616102	672	5,097	SH		DFND		5,097	0	0
FMC CORP	Common Stock	34958B106	537	7,540	SH		DFND		7,540	0	0
FRANCO-NEVADA CORP	Common Stock	317923100	231	4,029	SH		DFND		4,029	0	0
FORESTAR GROUP INC	Common Stock	337738108	607	31,807	SH		DFND		31,807	0	0
FOSSIL GROUP INC	Common Stock	316773100	522	4,999	SH		DFND		4,999	0	0
FIRST REPUBLIC BANK/CA	Common Stock	344849104	607	11,031	SH		DFND		11,031	0	0
FEDERAL REALTY INVS TRUST	Common Stock	34354P105	1,132	9,365	SH		DFND		9,365	0	0
FEDERAL SIGNAL CORP	Common Stock	339041105	577	39,392	SH		DFND		39,392	0	0
FMC TECHNOLOGIES INC	Common Stock	302491303	714	11,695	SH		DFND		11,695	0	0
FLOTEK INDUSTRIES INC	Common Stock	346233109	710	22,068	SH		DFND		22,068	0	0
FRONTIER COMMUNICATIONS CORP	Common Stock	34988V106	15,080	2,582,207	SH		DFND		2,582,207	0	0
GIANT INTERACTIVE GROUP-ADR	Common Stock	33616C100	123	10,378	SH		DFND		10,378	0	0
Greenhaven Cont Cmdt ETF	ETF	313747206	20,871	747,257	SH		DFND		747,257	0	0
GENERAL ELECTRIC CO	Common Stock	313855108	14,185	539,781	SH		DFND		539,781	0	0
GENESIS ENERGY L.P.	Common Stock	30249U101	218,926	3,906,605	SH		DFND		3,906,605	0	0
GEOSPACE TECHNOLOGIES CORP	Common Stock	343389102	455	8,252	SH		DFND		8,252	0	0
GERDAU SA -SPON ADR	Common Stock	35906A108	147	24,883	SH		DFND		24,883	0	0
GRACO INC	Common Stock	395258106	622	7,972	SH		DFND		7,972	0	0
GENERAL GROWTH PROPERTIES	Common Stock	369604103	1,726	73,259	SH		DFND		73,259	0	0
G-III APPAREL GROUP LTD	Common Stock	371927104	652	7,985	SH		DFND		7,985	0	0
GILEAD SCIENCES INC	Common Stock	371927104	652	7,867	SH		DFND		7,867	0	0
GULFMARK OFFSHORE INC-CL A	Common Stock	37364X109	598	13,236	SH		DFND		13,236	0	0
KEURIG GREEN MOUNTAIN INC	Common Stock	373737105	648	5,204	SH		DFND		5,204	0	0
GAMESTOP CORP-CLASS A	Common Stock	384109104	676	16,704	SH		DFND		16,704	0	0
GOLAR LNG PARTNERS LP	Common Stock	370023103	752	20,394	SH		DFND		20,394	0	0
GENERAC HOLDINGS INC	Common Stock	36237H101	482	9,899	SH		DFND		9,899	0	0
GENTEX CORP	Common Stock	375558103	558	19,188	SH		DFND		19,188	0	0
RANDGOLD RESOURCES LTD-ADR	Common Stock	402629208	216	2,558	SH		DFND		2,558	0	0
GOOGLE INC-CL C	Common Stock	49271M100	306	532	SH		DFND		532	0	0
GOOGLE INC-CL A	Common Stock	36467W109	310	531	SH		DFND		531	0	0
GENUINE PARTS CO	Common Stock	Y2745C102	621	7,074	SH		DFND		7,074	0	0
GLOBAL PAYMENTS INC	Common Stock	368736104	606	8,312	SH		DFND		8,312	0	0
GAP INC/THE	Common Stock	371901109	631	15,183	SH		DFND		15,183	0	0
GARMIN LTD	Common Stock	38259P508	14,966	245,747	SH		DFND		245,747	0	0
GOODYEAR TIRE & RUBBER CO	Common Stock	372460105	610	21,958	SH		DFND		21,958	0	0
GENESEE & WYOMING INC-CL A	Common Stock	37940X102	646	6,155	SH		DFND		6,155	0	0
WW GRAINGER INC	Common Stock	364760108	605	2,379	SH		DFND		2,379	0	0
HALLIBURTON CO	Common Stock	H2906T109	447	6,288	SH		DFND		6,288	0	0
HCI GROUP INC	Common Stock	382550101	641	15,782	SH		DFND		15,782	0	0
HEALTH CARE REIT INC	Common Stock	371559105	2,692	42,950	SH		DFND		42,950	0	0
HCP INC	Common Stock	384802104	2,660	64,277	SH		DFND		64,277	0	0
HOME DEPOT INC	Common Stock	406216101	607	7,492	SH		DFND		7,492	0	0
HDFC BANK LTD-ADR	Common Stock	40416E103	210	4,483	SH		DFND		4,483	0	0
H&E EQUIPMENT SERVICES INC	Common Stock	42217K106	582	16,008	SH		DFND		16,008	0	0
HEICO CORP	Common Stock	40414L109	510	9,813	SH		DFND		9,813	0	0
HESS CORP	Common Stock	437076102	943	9,539	SH		DFND		9,539	0	0
HFF INC-CLASS A	Common Stock	404030108	664	17,841	SH		DFND		17,841	0	0
HIGHWOODS PROPERTIES INC	Common Stock	422806109	534	12,730	SH		DFND		12,730	0	0
HECLA MINING CO	Common Stock	42809H107	51	14,925	SH		DFND		14,925	0	0
HERBALIFE LTD	Common Stock	40418F108	731	11,323	SH		DFND		11,323	0	0
HONEYWELL INTERNATIONAL INC	Common Stock	431284108	601	6,466	SH		DFND		6,466	0	0
HELMERICH & PAYNE	Common Stock	422704106	671	5,781	SH		DFND		5,781	0	0
HEARTLAND PAYMENT SYSTEMS IN	Common Stock	G4412G101	563	13,659	SH		DFND		13,659	0	0
HORMEL FOODS CORP	Common Stock	438516106	629	12,740	SH		DFND		12,740	0	0
HSN INC	Common Stock	423452101	582	9,827	SH		DFND		9,827	0	0
HOST HOTELS & RESORTS INC	Common Stock	42235N108	2,339	106,289	SH		DFND		106,289	0	0
HERSHEY CO/THE	Common Stock	440452100	554	5,690	SH		DFND		5,690	0	0
HILLTOP HOLDINGS INC	Common Stock	404303109	552	25,959	SH		DFND		25,959	0	0
HEARTLAND EXPRESS INC	Common Stock	44107P104	578	27,092	SH		DFND		27,092	0	0
INTL BUSINESS MACHINES CORP	Common Stock	427866108	625	3,449	SH		DFND		3,449	0	0
MARKET VECTORS INDONESIA IND	Common Stock	432748101	1,960	79,532	SH		DFND		79,532	0	0
IGATE CORP	Common Stock	422347104	681	18,709	SH		DFND		18,709	0	0
INTERVAL LEISURE GROUP	Common Stock	464288513	502	22,879	SH		DFND		22,879	0	0
iShs S&P MidCap 400 ETF	ETF	459200101	67,278	470,215	SH		DFND		470,215	0	0
INGRAM MICRO INC-CL A	Common Stock	57060U753	602	20,623	SH		DFND		20,623	0	0
INFOSYS LTD-SP ADR	Common Stock	45169U105	299	5,558	SH		DFND		5,558	0	0
INGREDION INC	Common Stock	46113M108	1,134	15,115	SH		DFND		15,115	0	0
WORLD FUEL SERVICES CORP	Common Stock	464287507	664	13,494	SH		DFND		13,494	0	0
INTEL CORP	Common Stock	457153104	15,809	511,624	SH		DFND		511,624	0	0
INTUIT INC	Common Stock	456788108	633	7,858	SH		DFND		7,858	0	0
INNOSPEC INC	Common Stock	457187102	586	13,582	SH		DFND		13,582	0	0
INTERNATIONAL PAPER CO	Common Stock	981475106	735	14,564	SH		DFND		14,564	0	0
INTER PARFUMS INC	Common Stock	458140100	503	17,032	SH		DFND		17,032	0	0
INLAND REAL ESTATE CORP	Common Stock	461202103	603	56,743	SH		DFND		56,743	0	0
IRON MOUNTAIN INC	Common Stock	45768S105	16,655	469,829	SH		DFND		469,829	0	0
INTUITIVE SURGICAL INC	Common Stock	460146103	542	1,315	SH		DFND		1,315	0	0
ISHARES CORE S&P 500 ETF	ETF	458334109	21,346	108,357	SH		DFND		108,357	0	0
INVESCO LTD	Common Stock	457461200	14,764	391,111	SH		DFND		391,111	0	0
iShares US Real Estate ETF	ETF	462846106	809	11,275	SH		DFND		11,275	0	0
HUNT (JB) TRANSPRT SVCS INC	Common Stock	46120E602	624	8,456	SH		DFND		8,456	0	0
J2 GLOBAL INC	Common Stock	464287200	623	12,242	SH		DFND		12,242	0	0
J & J SNACK FOODS CORP	Common Stock	464287200	589	6,260	SH		DFND		6,260	0	0
JACK HENRY & ASSOCIATES INC	Common Stock	G491BT108	616	10,370	SH		DFND		10,370	0	0
JONES LANG LASALLE INC	Common Stock	464287622	635	5,028	SH		DFND		5,028	0	0
JOHNSON & JOHNSON	Common Stock	464287655	698	6,672	SH		DFND		6,672	0	0
SPDR BC HY Bond ETF	ETF	445658107	14,514	347,800	SH		DFND		347,800	0	0
NORDSTROM INC	Common Stock	48123V102	684	10,075	SH		DFND		10,075	0	0
KELLOGG CO	Common Stock	466032109	672	10,226	SH		DFND		10,226	0	0
KIRBY CORP	Common Stock	426281101	661	5,644	SH		DFND		5,644	0	0
KORN/FERRY INTERNATIONAL	Common Stock	48020Q107	597	20,315	SH		DFND		20,315	0	0
KINROSS GOLD CORP	Common Stock	478160104	265	64,042	SH		DFND		64,042	0	0
KIMCO REALTY CORP	Common Stock	78464A417	1,324	57,594	SH		DFND		57,594	0	0
KKR & CO LP	Common Stock	655664100	627	25,756	SH		DFND		25,756	0	0
KINDER MORGAN INC	Common Stock	487836108	17,459	481,502	SH		DFND		481,502	0	0
KINDER MORGAN ENERGY PRTNRS	Common Stock	497266106	984,256	11,972,461	SH		DFND		11,972,461	0	0
KODIAK OIL & GAS CORP	Common Stock	500643200	736	50,605	SH		DFND		50,605	0	0
KROGER CO	Common Stock	49446R109	680	13,756	SH		DFND		13,756	0	0
KILROY REALTY CORP	Common Stock	48248M102	718	11,527	SH		DFND		11,527	0	0
KRAFT FOODS GROUP INC	Common Stock	49456B101	15,475	258,127	SH		DFND		258,127	0	0
KAPSTONE PAPER AND PACKAGING	Common Stock	494550106	649	19,600	SH		DFND		19,600	0	0
QUAKER CHEMICAL CORP	Common Stock	494550106	588	7,655	SH		DFND		7,655	0	0
LANCASTER COLONY CORP	Common Stock	50015Q100	586	6,155	SH		DFND		6,155	0	0
LAZARD LTD-CL A	Common Stock	501044101	677	13,136	SH		DFND		13,136	0	0
LANNETT CO INC	Common Stock	49427F108	672	13,544	SH		DFND		13,544	0	0
LINCOLN ELECTRIC HOLDINGS	Common Stock	50076Q106	575	8,228	SH		DFND		8,228	0	0
LEGGETT & PLATT INC	Common Stock	48562P103	14,917	435,161	SH		DFND		435,161	0	0
LENNAR CORP-A	Common Stock	747316107	607	14,468	SH		DFND		14,468	0	0
LEAPFROG ENTERPRISES INC	Common Stock	513847103	586	79,667	SH		DFND		79,667	0	0
CHINA LIFE INSURANCE CO-ADR	Common Stock	G54050102	224	5,703	SH		DFND		5,703	0	0
LIONS GATE ENTERTAINMENT COR	Common Stock	516012101	587	20,524	SH		DFND		20,524	0	0
LENNOX INTERNATIONAL INC	Common Stock	533900106	579	6,464	SH		DFND		6,464	0	0
LIN MEDIA LLC - A	Common Stock	524660107	775	28,424	SH		DFND		28,424	0	0
LUMBER LIQUIDATORS HOLDINGS	Common Stock	526057104	424	5,585	SH		DFND		5,585	0	0
ELI LILLY & CO	Common Stock	52186N106	16,024	257,747	SH		DFND		257,747	0	0
LIBERTY MEDIA CORP - A	Common Stock	16939P106	662	4,845	SH		DFND		4,845	0	0
LOCKHEED MARTIN CORP	Common Stock	535919203	14,305	89,000	SH		DFND		89,000	0	0
LORILLARD INC	Common Stock	526107107	14,530	238,309	SH		DFND		238,309	0	0
GRAND CANYON EDUCATION INC	Common Stock	532771102	569	12,382	SH		DFND		12,382	0	0
LIQUIDITY SERVICES INC	Common Stock	55003T107	356	22,576	SH		DFND		22,576	0	0
LIFE TIME FITNESS INC	Common Stock	532457108	610	12,515	SH		DFND		12,515	0	0
LAS VEGAS SANDS CORP	Common Stock	531229102	556	7,295	SH		DFND		7,295	0	0
MACY'S INC	Common Stock	539830109	593	10,228	SH		DFND		10,228	0	0
MASTERCARD INC-CLASS A	Common Stock	544147101	583	7,937	SH		DFND		7,937	0	0
MACERICH CO/THE	Common Stock	38526M106	1,317	19,727	SH		DFND		19,727	0	0
MANHATTAN ASSOCIATES INC	Common Stock	53635B107	548	15,926	SH		DFND		15,926	0	0
MASCO CORP	Common Stock	53217R207	576	25,960	SH		DFND		25,960	0	0
MOBILE TELESYSTEMS-SP ADR	Common Stock	517834107	220	11,139	SH		DFND		11,139	0	0
MEDLEY CAPITAL CORP	Common Stock	55616P104	574	43,915	SH		DFND		43,915	0	0
MCDONALD'S CORP	Common Stock	57636Q104	15,231	151,191	SH		DFND		151,191	0	0
MICROCHIP TECHNOLOGY INC	Common Stock	554382101	14,467	296,396	SH		DFND		296,396	0	0
MOODY'S CORP	Common Stock	562750109	678	7,731	SH		DFND		7,731	0	0
MEDNAX INC	Common Stock	574599106	555	9,544	SH		DFND		9,544	0	0
MDC HOLDINGS INC	Common Stock	58503F106	617	20,372	SH		DFND		20,372	0	0
MEASUREMENT SPECIALTIES INC	Common Stock	580135101	786	9,132	SH		DFND		9,132	0	0
METHODE ELECTRONICS INC	Common Stock	595017104	721	18,864	SH		DFND		18,864	0	0
MULTIMEDIA GAMES HOLDING CO	Common Stock	615369105	583	19,656	SH		DFND		19,656	0	0
MIDDLEBY CORP	Common Stock	58502B106	538	6,507	SH		DFND		6,507	0	0
PIMCO Enhan Shrt Mat ETF	Common Stock	552676108	9,335	92,060	SH		DFND		92,060	0	0
MARKETAXESS HOLDINGS INC	Common Stock	583421102	509	9,419	SH		DFND		9,419	0	0
MARSH & MCLENNAN COS	Common Stock	591520200	669	12,911	SH		DFND		12,911	0	0
3M CO	Common Stock	625453105	691	4,821	SH		DFND		4,821	0	0
MAGELLAN MIDSTREAM PARTNERS	Common Stock	596278101	694,740	8,266,775	SH		DFND		8,266,775	0	0
MAXIMUS INC	Common Stock	72201R833	566	13,150	SH		DFND		13,150	0	0
MONSTER BEVERAGE CORP	Common Stock	57060D108	612	8,620	SH		DFND		8,620	0	0
ALTRIA GROUP INC	Common Stock	571748102	14,735	351,333	SH		DFND		351,333	0	0
MONSANTO CO	Common Stock	88579Y101	6,090	48,822	SH		DFND		48,822	0	0
MORNINGSTAR INC	Common Stock	559080106	533	7,429	SH		DFND		7,429	0	0
MOSAIC CO/THE	Common Stock	559080106	1,902	38,470	SH		DFND		38,470	0	0
MERCK & CO. INC.	Common Stock	577933104	14,497	250,591	SH		DFND		250,591	0	0
MARATHON OIL CORP	Common Stock	611740101	289	7,233	SH		DFND		7,233	0	0
MICROSOFT CORP	Common Stock	02209S103	667	15,986	SH		DFND		15,986	0	0
MADISON SQUARE GARDEN CO-A	Common Stock	61166W101	712	11,398	SH		DFND		11,398	0	0
MOTOROLA SOLUTIONS INC	Common Stock	617700109	608	9,132	SH		DFND		9,132	0	0
METTLER-TOLEDO INTERNATIONAL	Common Stock	61945C103	634	2,506	SH		DFND		2,506	0	0
MTS SYSTEMS CORP	Common Stock	58933Y105	584	8,620	SH		DFND		8,620	0	0
MICRON TECHNOLOGY INC	Common Stock	565849106	822	24,936	SH		DFND		24,936	0	0
MARKWEST ENERGY PARTNERS LP	Common Stock	594918104	616,497	8,612,693	SH		DFND		8,612,693	0	0
MYRIAD GENETICS INC	Common Stock	55826P100	646	16,609	SH		DFND		16,609	0	0
MYLAN INC	Common Stock	620076307	577	11,197	SH		DFND		11,197	0	0
NOBLE ENERGY INC	Common Stock	592688105	224	2,895	SH		DFND		2,895	0	0
NCR CORPORATION	Common Stock	553777103	590	16,828	SH		DFND		16,828	0	0
NEWMONT MINING CORP	Common Stock	595112103	16,446	646,461	SH		DFND		646,461	0	0
NEWMARKET CORP	Common Stock	570759100	592	1,510	SH		DFND		1,510	0	0
Targa Res. Partners MLP	Common Stock	570759100	725	10,083	SH		DFND		10,083	0	0
NISOURCE INC	Common Stock	62855J104	1,137	28,912	SH		DFND		28,912	0	0
NIKE INC -CL B	Common Stock	628530107	618	7,970	SH		DFND		7,970	0	0
NORTHERN OIL AND GAS INC	Common Stock	655044105	740	45,456	SH		DFND		45,456	0	0
NATIONAL OILWELL VARCO INC	Common Stock	62886E108	280	3,395	SH		DFND		3,395	0	0
NEENAH PAPER INC	Common Stock	651639106	627	11,800	SH		DFND		11,800	0	0
NUSTAR ENERGY LP	Common Stock	651587107	215,291	3,471,879	SH		DFND		3,471,879	0	0
NORFOLK SOUTHERN CORP	Common Stock	87611X105	634	6,156	SH		DFND		6,156	0	0
NEUSTAR INC-CLASS A	Common Stock	87611X105	449	17,238	SH		DFND		17,238	0	0
NETSCOUT SYSTEMS INC	Common Stock	65473P105	710	16,018	SH		DFND		16,018	0	0
NUCOR CORP	Common Stock	654106103	14,422	292,839	SH		DFND		292,839	0	0
NU SKIN ENTERPRISES INC - A	Common Stock	665531109	616	8,330	SH		DFND		8,330	0	0
NVR INC	Common Stock	637071101	589	512	SH		DFND		512	0	0
NEXSTAR BROADCASTING GROUP-A	Common Stock	640079109	891	17,257	SH		DFND		17,257	0	0
REALTY INCOME CORP	Common Stock	67058H102	1,373	30,900	SH		DFND		30,900	0	0
OASIS PETROLEUM INC	Common Stock	67058H102	821	14,690	SH		DFND		14,690	0	0
OLD DOMINION FREIGHT LINE	Common Stock	655844108	670	10,523	SH		DFND		10,523	0	0
OGE ENERGY CORP	Common Stock	64126X201	1,228	31,421	SH		DFND		31,421	0	0
OCEANEERING INTL INC	Common Stock	64115T104	737	9,437	SH		DFND		9,437	0	0
OILTANKING PARTNERS LP	Common Stock	670346105	775	8,208	SH		DFND		8,208	0	0
ONEOK PARTNERS LP	Common Stock	67018T105	495,475	8,455,197	SH		DFND		8,455,197	0	0
UNIVERSAL DISPLAY CORP	Common Stock	62944T105	567	17,648	SH		DFND		17,648	0	0
OPENTABLE INC	Common Stock	65336K103	752	7,254	SH		DFND		7,254	0	0
ORACLE CORP	Common Stock	756109104	659	16,248	SH		DFND		16,248	0	0
ORITANI FINANCIAL CORP	Common Stock	674215108	575	37,352	SH		DFND		37,352	0	0
O'REILLY AUTOMOTIVE INC	Common Stock	679580100	618	4,101	SH		DFND		4,101	0	0
OSI SYSTEMS INC	Common Stock	670837103	623	9,335	SH		DFND		9,335	0	0
OVERSTOCK.COM INC	Common Stock	675232102	446	28,286	SH		DFND		28,286	0	0
OUTERWALL INC	Common Stock	678049107	535	9,014	SH		DFND		9,014	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	682680103	629	6,129	SH		DFND		6,129	0	0
BANK OF THE OZARKS	Common Stock	68268N103	580	17,342	SH		DFND		17,342	0	0
PLAINS ALL AMER PIPELINE LP	Common Stock	68268N103	727,668	12,117,709	SH		DFND		12,117,709	0	0
Plains GP Holdings Class A - MLP	Common Stock	91347P105	2,009	62,795	SH		DFND		62,795	0	0
PATRICK INDUSTRIES INC	Common Stock	68372A104	645	13,852	SH		DFND		13,852	0	0
PAYCHEX INC	Common Stock	68389X105	15,309	368,365	SH		DFND		368,365	0	0
PROSPERITY BANCSHARES INC	Common Stock	68633D103	570	9,104	SH		DFND		9,104	0	0
PEOPLE'S UNITED FINANCIAL	Common Stock	67103H107	14,907	982,672	SH		DFND		982,672	0	0
PITNEY BOWES INC	Common Stock	671044105	14,644	530,180	SH		DFND		530,180	0	0
PETROLEO BRASILEIRO S.A.-ADR	Common Stock	690370101	464	31,747	SH		DFND		31,747	0	0
PRICELINE GROUP INC/THE	Common Stock	690070107	526	437	SH		DFND		437	0	0
PHARMACYCLICS INC	Common Stock	674599105	509	5,674	SH		DFND		5,674	0	0
PDF SOLUTIONS INC	Common Stock	063904106	653	30,760	SH		DFND		30,760	0	0
PETROLOGISTICS LP	Common Stock	726503105	676	47,100	SH		DFND		47,100	0	0
PDL BIOPHARMA INC	Common Stock	726503105	673	69,538	SH		DFND		69,538	0	0
PEGASYSTEMS INC	Common Stock	72651A108	662	31,330	SH		DFND		31,330	0	0
PEPSICO INC	Common Stock	72651A108	690	7,718	SH		DFND		7,718	0	0
SANDRIDGE PERMIAN TRUST	Common Stock	703343103	630	49,665	SH		DFND		49,665	0	0
PETSMART INC	Common Stock	704326107	540	9,032	SH		DFND		9,032	0	0
PFIZER INC	Common Stock	743606105	14,738	496,569	SH		DFND		496,569	0	0
PGT INC	Common Stock	712704105	435	51,414	SH		DFND		51,414	0	0
PULTEGROUP INC	Common Stock	724479100	616	30,575	SH		DFND		30,575	0	0
POLARIS INDUSTRIES INC	Common Stock	71654V408	552	4,235	SH		DFND		4,235	0	0
PIER 1 IMPORTS INC	Common Stock	741503403	474	30,761	SH		DFND		30,761	0	0
PACKAGING CORP OF AMERICA	Common Stock	716933106	600	8,388	SH		DFND		8,388	0	0
POSCO-ADR	Common Stock	693282105	266	3,571	SH		DFND		3,571	0	0
PROLOGIS INC	Common Stock	71672U101	2,886	70,228	SH		DFND		70,228	0	0
POPEYES LOUISIANA KITCHEN IN	Common Stock	69329Y104	615	14,076	SH		DFND		14,076	0	0
PALL CORP	Common Stock	705573103	578	6,772	SH		DFND		6,772	0	0
PHILIP MORRIS INTERNATIONAL	Common Stock	713448108	13,884	164,683	SH		DFND		164,683	0	0
PNC FINANCIAL SERVICES GROUP	Common Stock	80007A102	627	7,044	SH		DFND		7,044	0	0
PANERA BREAD COMPANY-CLASS A	Common Stock	716768106	481	3,208	SH		DFND		3,208	0	0
PEPCO HOLDINGS INC	Common Stock	717081103	14,629	532,337	SH		DFND		532,337	0	0
POOL CORP	Common Stock	69336V101	551	9,748	SH		DFND		9,748	0	0
PILGRIM'S PRIDE CORP	Common Stock	745867101	845	30,879	SH		DFND		30,879	0	0
Pembina Pipeline	Common Stock	731068102	1,277	29,669	SH		DFND		29,669	0	0
PORTFOLIO RECOVERY ASSOCIATE	Common Stock	720279108	617	10,365	SH		DFND		10,365	0	0
PROTO LABS INC	Common Stock	695156109	718	8,765	SH		DFND		8,765	0	0
PAREXEL INTERNATIONAL CORP	Common Stock	693483109	558	10,568	SH		DFND		10,568	0	0
PUBLIC STORAGE	Common Stock	74340W103	3,478	20,298	SH		DFND		20,298	0	0
PTC INC	Common Stock	732872106	621	16,008	SH		DFND		16,008	0	0
PETROCHINA CO LTD -ADR	Common Stock	696429307	306	2,438	SH		DFND		2,438	0	0
QUANTA SERVICES INC	Common Stock	718172109	575	16,624	SH		DFND		16,624	0	0
PRAXAIR INC	Common Stock	693475105	605	4,552	SH		DFND		4,552	0	0
PIONEER NATURAL RESOURCES CO	Common Stock	69840W108	260	1,132	SH		DFND		1,132	0	0
QUALCOMM INC	Common Stock	713291102	639	8,068	SH		DFND		8,068	0	0
QUESTCOR PHARMACEUTICALS	Common Stock	73278L105	879	9,500	SH		DFND		9,500	0	0
QR ENERGY LP	Common Stock	72147K108	620	32,627	SH		DFND		32,627	0	0
REYNOLDS AMERICAN INC	Common Stock	706327103	14,710	243,751	SH		DFND		243,751	0	0
EVEREST RE GROUP LTD	Common Stock	73640Q105	640	3,988	SH		DFND		3,988	0	0
REGENCY CENTERS CORP	Common Stock	743713109	724	13,006	SH		DFND		13,006	0	0
RENEWABLE ENERGY GROUP INC	Common Stock	699462107	574	50,026	SH		DFND		50,026	0	0
REGENERON PHARMACEUTICALS	Common Stock	74460D109	516	1,827	SH		DFND		1,827	0	0
REPLIGEN CORP	Common Stock	69370C100	883	38,763	SH		DFND		38,763	0	0
ROYAL GOLD INC	Common Stock	71646E100	298	3,918	SH		DFND		3,918	0	0
REGENCY ENERGY PARTNERS LP	Common Stock	74762E102	521,867	16,202,028	SH		DFND		16,202,028	0	0
STURM RUGER & CO INC	Common Stock	74005P104	564	9,561	SH		DFND		9,561	0	0
ROBERT HALF INTL INC	Common Stock	723787107	684	14,331	SH		DFND		14,331	0	0
ROCK TENN COMPANY -CL A	Common Stock	747525103	668	6,327	SH		DFND		6,327	0	0
RALPH LAUREN CORP	Common Stock	74835Y101	604	3,758	SH		DFND		3,758	0	0
REGIONAL MANAGEMENT CORP	Common Stock	74734R108	357	23,088	SH		DFND		23,088	0	0
RESMED INC	Common Stock	761713106	679	13,413	SH		DFND		13,413	0	0
RENAISSANCERE HOLDINGS LTD	Common Stock	G3223R108	659	6,156	SH		DFND		6,156	0	0
ROCKWELL AUTOMATION INC	Common Stock	758849103	651	5,205	SH		DFND		5,205	0	0
ROLLINS INC	Common Stock	75972A301	597	19,908	SH		DFND		19,908	0	0
ROSETTA RESOURCES INC	Common Stock	75886F107	707	12,890	SH		DFND		12,890	0	0
ROSS STORES INC	Common Stock	759916109	542	8,194	SH		DFND		8,194	0	0
RPX CORP	Common Stock	780287108	665	37,451	SH		DFND		37,451	0	0
RR DONNELLEY & SONS CO	Common Stock	75885Y107	538	31,708	SH		DFND		31,708	0	0
RUTH'S HOSPITALITY GROUP INC	Common Stock	75885Y107	607	49,152	SH		DFND		49,152	0	0
RYLAND GROUP INC/THE	Common Stock	864159108	573	14,532	SH		DFND		14,532	0	0
SANDERSON FARMS INC	Common Stock	770323103	750	7,720	SH		DFND		7,720	0	0
BOSTON BEER COMPANY INC-A	Common Stock	772739207	555	2,482	SH		DFND		2,482	0	0
SPIRIT AIRLINES INC	Common Stock	751212101	601	9,506	SH		DFND		9,506	0	0
SINCLAIR BROADCAST GROUP -A	Common Stock	75902K106	799	22,984	SH		DFND		22,984	0	0
SIGNATURE BANK	Common Stock	761152107	582	4,616	SH		DFND		4,616	0	0
iShs MSCI EAFE SC ETF	ETF	G7496G103	24,073	454,900	SH		DFND		454,900	0	0
SEADRILL LTD	Common Stock	773903109	3,788	95,382	SH		DFND		95,382	0	0
SPECTRA ENERGY CORP	Common Stock	775711104	15,627	367,868	SH		DFND		367,868	0	0
SEI INVESTMENTS COMPANY	Common Stock	777779307	574	17,530	SH		DFND		17,530	0	0
SPECTRA ENERGY PARTNERS LP	Common Stock	778296103	135,513	2,540,066	SH		DFND		2,540,066	0	0
STIFEL FINANCIAL CORP	Common Stock	74972G103	578	12,212	SH		DFND		12,212	0	0
SHINHAN FINANCIAL GROUP-ADR	Common Stock	257867101	251	5,468	SH		DFND		5,468	0	0
STEVEN MADDEN LTD	Common Stock	783332109	566	16,514	SH		DFND		16,514	0	0
SHERWIN-WILLIAMS CO/THE	Common Stock	783764103	616	2,976	SH		DFND		2,976	0	0
SIGMA-ALDRICH	Common Stock	800013104	646	6,361	SH		DFND		6,361	0	0
CIA SIDERURGICA NACL-SP ADR	Common Stock	100557107	132	31,053	SH		DFND		31,053	0	0
SIRIUS XM HOLDINGS INC	Common Stock	848577102	104	30,175	SH		DFND		30,175	0	0
TANGER FACTORY OUTLET CENTER	Common Stock	829226109	464	13,281	SH		DFND		13,281	0	0
SCHLUMBERGER LTD	Common Stock	82669G104	1,994	16,903	SH		DFND		16,903	0	0
SL GREEN REALTY CORP	Common Stock	464288273	1,462	13,365	SH		DFND		13,365	0	0
SILVER WHEATON CORP	Common Stock	G7945E105	524	19,932	SH		DFND		19,932	0	0
SALIX PHARMACEUTICALS LTD	Common Stock	847560109	645	5,232	SH		DFND		5,232	0	0
SNAP-ON INC	Common Stock	847560109	636	5,370	SH		DFND		5,370	0	0
SYNCHRONOSS TECHNOLOGIES INC	Common Stock	784117103	574	16,420	SH		DFND		16,420	0	0
SANDISK CORP	Common Stock	84756N109	794	7,599	SH		DFND		7,599	0	0
SUN HYDRAULICS CORP	Common Stock	860630102	562	13,852	SH		DFND		13,852	0	0
SCRIPPS NETWORKS INTER-CL A	Common Stock	824596100	622	7,660	SH		DFND		7,660	0	0
CHINA PETROLEUM & CHEM-ADR	Common Stock	556269108	279	2,939	SH		DFND		2,939	0	0
SIMON PROPERTY GROUP INC	Common Stock	824348106	3,828	23,019	SH		DFND		23,019	0	0
SPDR S&P 500 ETF TRUST	ETF	826552101	21,350	109,086	SH		DFND		109,086	0	0
QUIMICA Y MINERA CHIL-SP ADR	Common Stock	20440W105	263	8,959	SH		DFND		8,959	0	0
STAMPS.COM INC	Common Stock	82968B103	563	16,726	SH		DFND		16,726	0	0
QUESTAR CORP	Common Stock	875465106	1,129	45,533	SH		DFND		45,533	0	0
SEAGATE TECHNOLOGY	Common Stock	806857108	14,950	263,108	SH		DFND		263,108	0	0
CONSTELLATION BRANDS INC-A	Common Stock	78440X101	642	7,288	SH		DFND		7,288	0	0
SWIFT TRANSPORTATION CO	Common Stock	795435106	591	23,429	SH		DFND		23,429	0	0
SMITH & WESSON HOLDING CORP	Common Stock	833034101	627	43,139	SH		DFND		43,139	0	0
SOLARWINDS INC	Common Stock	87157B103	523	13,522	SH		DFND		13,522	0	0
STANLEY BLACK & DECKER INC	Common Stock	80004C101	658	7,492	SH		DFND		7,492	0	0
SKYWORKS SOLUTIONS INC	Common Stock	866942105	745	15,858	SH		DFND		15,858	0	0
SOUTHWESTERN ENERGY CO	Common Stock	811065101	735	16,158	SH		DFND		16,158	0	0
SUNOCO LOGISTICS PARTNERS LP	Common Stock	16941R108	352,747	7,487,723	SH		DFND		7,487,723	0	0
SYNAPTICS INC	Common Stock	828806109	890	9,815	SH		DFND		9,815	0	0
SYNTEL INC	Common Stock	78462F103	559	6,507	SH		DFND		6,507	0	0
AT&T INC	Common Stock	833635105	14,732	416,639	SH		DFND		416,639	0	0
TASER INTERNATIONAL INC	Common Stock	852857200	437	32,884	SH		DFND		32,884	0	0
TRUEBLUE INC	Common Stock	748356102	586	21,239	SH		DFND		21,239	0	0
TRIANGLE CAPITAL CORP	Common Stock	G7945M107	655	23,084	SH		DFND		23,084	0	0
TERADATA CORP	Common Stock	21036P108	524	13,032	SH		DFND		13,032	0	0
TECO ENERGY INC	Common Stock	87074U101	15,477	837,494	SH		DFND		837,494	0	0
TENNECO INC	Common Stock	831756101	647	9,852	SH		DFND		9,852	0	0
FRESH MARKET INC/THE	Common Stock	83416B109	584	17,442	SH		DFND		17,442	0	0
GENTHERM INC	Common Stock	854502101	826	18,572	SH		DFND		18,572	0	0
TIFFANY & CO	Common Stock	83088M102	648	6,464	SH		DFND		6,464	0	0
iShs Barclays TIPS ETF	ETF	845467109	25,464	220,733	SH		DFND		220,733	0	0
TIVO INC	Common Stock	86764L108	580	44,959	SH		DFND		44,959	0	0
TJX COMPANIES INC	Common Stock	86764L108	559	10,509	SH		DFND		10,509	0	0
TESORO LOGISTICS LP	Common Stock	87157D109	138,666	1,889,184	SH		DFND		1,889,184	0	0
ISHARES 20+ YEAR TREASURY BO	ETF	87162H103	4,043	35,615	SH		DFND		35,615	0	0
TEAM HEALTH HOLDINGS INC	Common Stock	00206R102	654	13,101	SH		DFND		13,101	0	0
TAYLOR MORRISON HOME CORP-A	Common Stock	87651B104	559	24,936	SH		DFND		24,936	0	0
TERRA NITROGEN COMPANY LP	Common Stock	89785X101	559	3,875	SH		DFND		3,875	0	0
THIRD POINT REINSURANCE LTD	Common Stock	895848109	590	38,678	SH		DFND		38,678	0	0
TARGA RESOURCES CORP	Common Stock	87233Q108	2,528	18,110	SH		DFND		18,110	0	0
TRINITY INDUSTRIES INC	Common Stock	88076W103	721	16,492	SH		DFND		16,492	0	0
T ROWE PRICE GROUP INC	Common Stock	872375100	620	7,351	SH		DFND		7,351	0	0
TransCanada Corp. DL	Common Stock	880349105	2,175	45,576	SH		DFND		45,576	0	0
TRAVELERS COS INC/THE	Common Stock	35804H106	676	7,184	SH		DFND		7,184	0	0
TRW AUTOMOTIVE HOLDINGS CORP	Common Stock	37253A103	660	7,377	SH		DFND		7,377	0	0
TRACTOR SUPPLY COMPANY	Common Stock	886547108	497	8,228	SH		DFND		8,228	0	0
TAIWAN SEMICONDUCTOR-SP ADR	Common Stock	464287176	910	42,527	SH		DFND		42,527	0	0
TYSON FOODS INC-CL A	Common Stock	888706108	537	14,313	SH		DFND		14,313	0	0
TOTAL SYSTEM SERVICES INC	Common Stock	872540109	612	19,496	SH		DFND		19,496	0	0
TORO CO	Common Stock	88160T107	587	9,230	SH		DFND		9,230	0	0
TAKE-TWO INTERACTIVE SOFTWRE	Common Stock	464287432	612	27,500	SH		DFND		27,500	0	0
TUPPERWARE BRANDS CORP	Common Stock	87817A107	612	7,308	SH		DFND		7,308	0	0
TIME WARNER CABLE	Common Stock	87724P106	684	4,645	SH		DFND		4,645	0	0
TEXAS ROADHOUSE INC	Common Stock	881005201	595	22,884	SH		DFND		22,884	0	0
UNDER ARMOUR INC-CLASS A	Common Stock	G8827U100	581	9,759	SH		DFND		9,759	0	0
CVR PARTNERS LP	Common Stock	87612G101	537	28,757	SH		DFND		28,757	0	0
UBIQUITI NETWORKS INC	Common Stock	896522109	494	10,941	SH		DFND		10,941	0	0
UDR INC	Common Stock	74144T108	1,013	35,367	SH		DFND		35,367	0	0
AMERCO	Common Stock	89353D107	708	2,434	SH		DFND		2,434	0	0
ULTA SALON COSMETICS & FRAGR	Common Stock	89417E109	538	5,884	SH		DFND		5,884	0	0
UNITED MICROELECTRON-SP ADR	Common Stock	87264S106	66	27,476	SH		DFND		27,476	0	0
UNIFIRST CORP/MA	Common Stock	892356106	576	5,435	SH		DFND		5,435	0	0
UNITEDHEALTH GROUP INC	Common Stock	874039100	638	7,808	SH		DFND		7,808	0	0
UNION PACIFIC CORP	Common Stock	902494103	640	6,418	SH		DFND		6,418	0	0
UNIT CORP	Common Stock	891906109	664	9,644	SH		DFND		9,644	0	0
UNITED PARCEL SERVICE-CL B	Common Stock	891092108	632	6,156	SH		DFND		6,156	0	0
UNITED RENTALS INC	Common Stock	874054109	680	6,497	SH		DFND		6,497	0	0
US BANCORP	Common Stock	899896104	647	14,925	SH		DFND		14,925	0	0
USANA HEALTH SCIENCES INC	Common Stock	88732J207	697	8,918	SH		DFND		8,918	0	0
UNIVERSAL INSURANCE HOLDINGS	Common Stock	882681109	528	40,735	SH		DFND		40,735	0	0
VISA INC-CLASS A SHARES	Common Stock	904311107	534	2,534	SH		DFND		2,534	0	0
VALSPAR CORP	Common Stock	126633106	618	8,108	SH		DFND		8,108	0	0
VALE SA-SP ADR	Common Stock	90347A100	901	68,110	SH		DFND		68,110	0	0
VARIAN MEDICAL SYSTEMS INC	Common Stock	902653104	590	7,101	SH		DFND		7,101	0	0
Vgrd Small-Cap ETF	ETF	023586100	45,211	386,027	SH		DFND		386,027	0	0
VISTEON CORP	Common Stock	90384S303	687	7,080	SH		DFND		7,080	0	0
Vgrd MSCI EAFE ETF	ETF	910873405	84,026	1,972,910	SH		DFND		1,972,910	0	0
VALERO ENERGY CORP	Common Stock	904708104	209	4,168	SH		DFND		4,168	0	0
VALMONT INDUSTRIES	Common Stock	91324P102	622	4,093	SH		DFND		4,093	0	0
VORNADO REALTY TRUST	Common Stock	907818108	2,616	24,515	SH		DFND		24,515	0	0
Vgrd REIT ETF	ETF	909218109	13,573	181,359	SH		DFND		181,359	0	0
VANGUARD S&P 500 ETF	ETF	911312106	21,353	119,003	SH		DFND		119,003	0	0
Vgrd Mid-Cap Growth ETF	ETF	911363109	693	7,190	SH		DFND		7,190	0	0
VERA BRADLEY INC	Common Stock	902973304	464	21,201	SH		DFND		21,201	0	0
VIRTUS INVESTMENT PARTNERS	Common Stock	90328M107	701	3,311	SH		DFND		3,311	0	0
VITAMIN SHOPPE INC	Common Stock	91359V107	575	13,358	SH		DFND		13,358	0	0
VENTAS INC	Common Stock	92826C839	2,649	41,322	SH		DFND		41,322	0	0
Vgrd FTSE Emerge Mkt ETF	ETF	920355104	32,733	758,936	SH		DFND		758,936	0	0
VERIZON COMMUNICATIONS INC	Common Stock	91912E105	15,151	309,656	SH		DFND		309,656	0	0
WABTEC CORP	Common Stock	92220P105	614	7,433	SH		DFND		7,433	0	0
WALTER INVESTMENT MANAGEMENT	Common Stock	922908751	605	20,316	SH		DFND		20,316	0	0
WABCO HOLDINGS INC	Common Stock	92839U206	608	5,696	SH		DFND		5,696	0	0
WADDELL & REED FINANCIAL-A	Common Stock	921943858	589	9,403	SH		DFND		9,403	0	0
WESTERN GAS PARTNERS LP	Common Stock	91913Y100	273,009	3,569,683	SH		DFND		3,569,683	0	0
WISDOMTREE INVESTMENTS INC	Common Stock	920253101	564	45,602	SH		DFND		45,602	0	0
WELLS FARGO & CO	Common Stock	929042109	14,779	281,175	SH		DFND		281,175	0	0
WINDSTREAM HOLDINGS INC	Common Stock	922908553	14,802	1,486,105	SH		DFND		1,486,105	0	0
WESTLAKE CHEMICAL CORP	Common Stock	922908363	748	8,930	SH		DFND		8,930	0	0
WASTE MANAGEMENT INC	Common Stock	92335C106	14,803	330,944	SH		DFND		330,944	0	0
WILLIAMS COS INC	Common Stock	92828Q109	20,919	359,378	SH		DFND		359,378	0	0
WAL-MART STORES INC	Common Stock	92849E101	672	8,950	SH		DFND		8,950	0	0
WESTERN REFINING INC	Common Stock	92276F100	554	14,759	SH		DFND		14,759	0	0
WILLIAMS PARTNERS LP	Common Stock	922042858	460,455	8,481,395	SH		DFND		8,481,395	0	0
WARREN RESOURCES INC	Common Stock	92343V104	784	126,417	SH		DFND		126,417	0	0
WEINGARTEN REALTY INVESTORS	Common Stock	929740108	520	15,838	SH		DFND		15,838	0	0
WORLD ACCEPTANCE CORP	Common Stock	93317W102	599	7,885	SH		DFND		7,885	0	0
WILLIAMS-SONOMA INC	Common Stock	92927K102	650	9,055	SH		DFND		9,055	0	0
CIMAREX ENERGY CO	Common Stock	930059100	751	5,232	SH		DFND		5,232	0	0
MATERIALS SELECT SECTOR SPDR	ETF	958254104	14,297	288,020	SH		DFND		288,020	0	0
ENERGY SELECT SECTOR SPDR	ETF	958254104	14,169	141,548	SH		DFND		141,548	0	0
FINANCIAL SELECT SECTOR SPDR	ETF	97717P104	14,241	626,270	SH		DFND		626,270	0	0
INDUSTRIAL SELECT SECT SPDR	ETF	949746101	14,047	259,838	SH		DFND		259,838	0	0
TECHNOLOGY SELECT SECT SPDR	ETF	97382A101	14,397	375,418	SH		DFND		375,418	0	0
XILINX INC	Common Stock	960413102	529	11,184	SH		DFND		11,184	0	0
CONSUMER STAPLES SPDR	ETF	94106L109	14,107	316,162	SH		DFND		316,162	0	0
UTILITIES SELECT SECTOR SPDR	ETF	969457100	14,556	328,880	SH		DFND		328,880	0	0
HEALTH CARE SELECT SECTOR	ETF	931142103	14,335	235,664	SH		DFND		235,664	0	0
CONSUMER DISCRETIONARY SELT	ETF	959319104	14,441	216,370	SH		DFND		216,370	0	0
EXXON MOBIL CORP	Common Stock	96950F104	3,412	33,891	SH		DFND		33,891	0	0
ALLEGHANY CORP	Common Stock	96950F104	631	1,440	SH		DFND		1,440	0	0
ZEBRA TECHNOLOGIES CORP-CL A	Common Stock	93564A100	701	8,516	SH		DFND		8,516	0	0