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
3M CO	Common Stock	88579Y101	623	4,394	SH		DFND		4,394	0	0
ABBVIE INC	Common Stock	00287Y109	17,055	295,274	SH		DFND		295,274	0	0
ABRAXAS PETROLEUM CORP	Common Stock	003830106	540	102,200	SH		DFND		102,200	0	0
Access Midstream LP MLP	Common Stock	00434L109	803	12,610	SH		DFND		12,610	0	0
ACCESS MIDSTREAM PARTNERS LP	Common Stock	00434L109	348,800	5,480,833	SH		DFND		5,480,833	0	0
ADT CORP 2.25 7/15/2017	Common Stock	00101JAE6	7,815	8,000,000	SH		DFND		8,000,000	0	0
ADVANCE AUTO PARTS INC	Common Stock	00751Y106	573	4,400	SH		DFND		4,400	0	0
ADVANCED ENERGY INDUSTRIES	Common Stock	007973100	590	31,400	SH		DFND		31,400	0	0
ADVANCED SEMICONDUCTOR E-ADR	Common Stock	00756M404	79	13,344	SH		DFND		13,344	0	0
AES CORP/VA 8 10/15/2017	Common Stock	00130HBH7	3,148	2,798,000	SH		DFND		2,798,000	0	0
AFFILIATED MANAGERS GROUP	Common Stock	008252108	570	2,846	SH		DFND		2,846	0	0
AGCO CORP	Common Stock	001084102	311	6,848	SH		DFND		6,848	0	0
AGNICO EAGLE MINES LTD	Common Stock	008474108	2,019	69,589	SH		DFND		69,589	0	0
AIR LEASE CORP	Common Stock	00912X302	546	16,815	SH		DFND		16,815	0	0
AIR METHODS CORP	Common Stock	009128307	605	10,900	SH		DFND		10,900	0	0
AKAMAI TECHNOLOGIES INC	Common Stock	00971T101	571	9,546	SH		DFND		9,546	0	0
ALAMOS GOLD INC	Common Stock	011527108	822	103,209	SH		DFND		103,209	0	0
ALASKA AIR GROUP INC	Common Stock	011659109	561	12,891	SH		DFND		12,891	0	0
ALCATEL-LUCENT-SPONSORED ADR	Common Stock	013904305	37	12,353	SH		DFND		12,353	0	0
ALCOA INC	Common Stock	013817101	404	25,084	SH		DFND		25,084	0	0
ALEXANDRIA REAL ESTATE EQUIT	Common Stock	015271109	691	9,369	SH		DFND		9,369	0	0
ALEXION PHARMACEUTICALS INC	Common Stock	015351109	614	3,700	SH		DFND		3,700	0	0
ALIGN TECHNOLOGY INC	Common Stock	016255101	574	11,100	SH		DFND		11,100	0	0
ALLEGIANT TRAVEL CO	Common Stock	01748X102	584	4,723	SH		DFND		4,723	0	0
ALLERGAN INC	Common Stock	018490102	629	3,528	SH		DFND		3,528	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	609	2,453	SH		DFND		2,453	0	0
ALLIANCE HOLDINGS GP LP	Common Stock	01861G100	567	8,308	SH		DFND		8,308	0	0
ALLIANCE RESOURCE PARTNERS	Common Stock	01877R108	532	12,422	SH		DFND		12,422	0	0
ALLIANT TECHSYSTEMS INC	Common Stock	018804104	562	4,400	SH		DFND		4,400	0	0
ALLY FINANCIAL INC 5.5 2/15/2017	Common Stock	02005NAL4	10,891	10,447,000	SH		DFND		10,447,000	0	0
ALTRIA GROUP INC	Common Stock	02209S103	18,187	395,891	SH		DFND		395,891	0	0
AMBARELLA INC	Common Stock	G037AX101	694	15,900	SH		DFND		15,900	0	0
AMERCO	Common Stock	023586100	584	2,229	SH		DFND		2,229	0	0
AMERICAN AXLE & MFG HOLDINGS	Common Stock	024061103	560	33,400	SH		DFND		33,400	0	0
AMERICAN CAMPUS COMMUNITIES	Common Stock	024835100	494	13,543	SH		DFND		13,543	0	0
AMERICAN EXPRESS CO	Common Stock	025816109	627	7,157	SH		DFND		7,157	0	0
AMERICAN PUBLIC EDUCATION	Common Stock	02913V103	560	20,766	SH		DFND		20,766	0	0
AMERICAN RAILCAR INDUSTRIES	Common Stock	02916P103	567	7,672	SH		DFND		7,672	0	0
AMERISAFE INC	Common Stock	03071H100	606	15,500	SH		DFND		15,500	0	0
AMETEK INC	Common Stock	031100100	577	11,500	SH		DFND		11,500	0	0
AMGEN INC	Common Stock	031162100	591	4,205	SH		DFND		4,205	0	0
AMTRUST FINANCIAL SERVICES	Common Stock	032359309	597	14,981	SH		DFND		14,981	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	390	3,848	SH		DFND		3,848	0	0
ANGLOGOLD ASHANTI-SPON ADR	Common Stock	035128206	181	15,099	SH		DFND		15,099	0	0
ANIKA THERAPEUTICS INC	Common Stock	035255108	528	14,416	SH		DFND		14,416	0	0
APACHE CORP	Common Stock	037411105	277	2,951	SH		DFND		2,951	0	0
APOLLO COMMERCIAL REAL ESTAT	Common Stock	03762U105	570	36,314	SH		DFND		36,314	0	0
APOLLO INVESTMENT CORP	Common Stock	03761U106	571	69,894	SH		DFND		69,894	0	0
APPLE INC	Common Stock	037833100	629	6,246	SH		DFND		6,246	0	0
APPLIED MATERIALS INC	Common Stock	038222105	574	26,544	SH		DFND		26,544	0	0
APPROACH RESOURCES INC	Common Stock	03834A103	537	37,035	SH		DFND		37,035	0	0
ARCELORMITTAL 5.75 8/5/2020	Common Stock	03938LAQ7	10,130	9,671,000	SH		DFND		9,671,000	0	0
ARCH CAPITAL GROUP LTD	Common Stock	G0450A105	602	11,000	SH		DFND		11,000	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	2,645	51,769	SH		DFND		51,769	0	0
ARGAN INC	Common Stock	04010E109	539	16,148	SH		DFND		16,148	0	0
ASPEN INSURANCE HOLDINGS LTD	Common Stock	G05384105	595	13,900	SH		DFND		13,900	0	0
ASPEN TECHNOLOGY INC	Common Stock	045327103	574	15,230	SH		DFND		15,230	0	0
ASSURANT INC	Common Stock	04621X108	585	9,096	SH		DFND		9,096	0	0
ASTRONICS CORP	Common Stock	046433108	521	10,923	SH		DFND		10,923	0	0
AT&T INC	Common Stock	00206R102	17,496	496,495	SH		DFND		496,495	0	0
Atlas Pipeline Part. MLP	Common Stock	049392103	345	9,451	SH		DFND		9,451	0	0
ATMOS ENERGY CORP	Common Stock	049560105	1,582	33,159	SH		DFND		33,159	0	0
ATWOOD OCEANICS INC	Common Stock	050095108	594	13,587	SH		DFND		13,587	0	0
AURICO GOLD INC	Common Stock	05155C105	632	181,105	SH		DFND		181,105	0	0
AUTONATION INC 6.75 4/15/2018	Common Stock	05329WAJ1	10,007	8,750,000	SH		DFND		8,750,000	0	0
AVALONBAY COMMUNITIES INC	Common Stock	053484101	2,427	17,213	SH		DFND		17,213	0	0
AXIS CAPITAL HOLDINGS LTD	Common Stock	G0692U109	592	12,500	SH		DFND		12,500	0	0
B2GOLD CORP	Common Stock	11777Q209	1,461	719,695	SH		DFND		719,695	0	0
BAIDU INC - SPON ADR	Common Stock	056752108	639	2,928	SH		DFND		2,928	0	0
BAKER HUGHES INC	Common Stock	057224107	215	3,308	SH		DFND		3,308	0	0
BALL CORP 5 3/15/2022	Common Stock	058498AR7	10,517	10,413,000	SH		DFND		10,413,000	0	0
BANNER CORPORATION	Common Stock	06652V208	592	15,400	SH		DFND		15,400	0	0
BARRETT BUSINESS SVCS INC	Common Stock	068463108	463	11,735	SH		DFND		11,735	0	0
BARRICK GOLD CORP	Common Stock	067901108	2,613	178,078	SH		DFND		178,078	0	0
BAXTER INTERNATIONAL INC	Common Stock	071813109	16,421	228,798	SH		DFND		228,798	0	0
BB&T CORP	Common Stock	054937107	16,662	447,792	SH		DFND		447,792	0	0
BED BATH & BEYOND INC	Common Stock	075896100	607	9,217	SH		DFND		9,217	0	0
BERKSHIRE HATHAWAY INC-CL B	Common Stock	084670702	585	4,232	SH		DFND		4,232	0	0
BEST BUY CO INC	Common Stock	086516101	621	18,473	SH		DFND		18,473	0	0
BIOGEN IDEC INC	Common Stock	09062X103	659	1,993	SH		DFND		1,993	0	0
BLACKHAWK NETWORK HOLDINGS I	Common Stock	09238E104	684	21,100	SH		DFND		21,100	0	0
BLACKSTONE GROUP LP/THE	Common Stock	09253U108	573	18,200	SH		DFND		18,200	0	0
BOEING CO/THE	Common Stock	097023105	640	5,027	SH		DFND		5,027	0	0
BOFI HOLDING INC	Common Stock	05566U108	573	7,880	SH		DFND		7,880	0	0
BORGWARNER INC	Common Stock	099724106	545	10,350	SH		DFND		10,350	0	0
BOSTON BEER COMPANY INC-A	Common Stock	100557107	586	2,642	SH		DFND		2,642	0	0
BOSTON PROPERTIES INC	Common Stock	101121101	2,333	20,156	SH		DFND		20,156	0	0
BROADRIDGE FINANCIAL SOLUTIO	Common Stock	11133T103	627	15,070	SH		DFND		15,070	0	0
BROWN-FORMAN CORP-CLASS B	Common Stock	115637209	624	6,919	SH		DFND		6,919	0	0
BRUNSWICK CORP	Common Stock	117043109	567	13,445	SH		DFND		13,445	0	0
BUCKEYE PARTNERS LP	Common Stock	118230101	521,175	6,544,141	SH		DFND		6,544,141	0	0
BUCKLE INC/THE	Common Stock	118440106	563	12,414	SH		DFND		12,414	0	0
BUFFALO WILD WINGS INC	Common Stock	119848109	564	4,200	SH		DFND		4,200	0	0
BUNGE LTD	Common Stock	G16962105	977	11,605	SH		DFND		11,605	0	0
CA INC	Common Stock	12673P105	16,793	601,055	SH		DFND		601,055	0	0
CABLEVISION SYSTEMS CORP 8.625 9/15/2017	Common Stock	12686CAY5	7,925	7,116,000	SH		DFND		7,116,000	0	0
CABOT OIL & GAS CORP	Common Stock	127097103	679	20,765	SH		DFND		20,765	0	0
CALLON PETROLEUM CO	Common Stock	13123X102	553	62,800	SH		DFND		62,800	0	0
CAL-MAINE FOODS INC	Common Stock	128030202	599	6,700	SH		DFND		6,700	0	0
CAMBREX CORP	Common Stock	132011107	502	26,879	SH		DFND		26,879	0	0
CAMDEN PROPERTY TRUST	Common Stock	133131102	772	11,264	SH		DFND		11,264	0	0
CBOE HOLDINGS INC	Common Stock	12503M108	578	10,806	SH		DFND		10,806	0	0
CBRE GROUP INC - A	Common Stock	12504L109	629	21,155	SH		DFND		21,155	0	0
CELANESE CORP-SERIES A	Common Stock	150870103	569	9,728	SH		DFND		9,728	0	0
CENTENE CORP	Common Stock	15135B101	620	7,500	SH		DFND		7,500	0	0
Centerpoint Energy	Common Stock	15189T107	1,305	53,317	SH		DFND		53,317	0	0
CENTURYLINK INC	Common Stock	156700106	17,670	432,140	SH		DFND		432,140	0	0
CERNER CORP	Common Stock	156782104	608	10,200	SH		DFND		10,200	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	125269100	1,132	4,054	SH		DFND		4,054	0	0
CHARLES RIVER LABORATORIES	Common Stock	159864107	591	9,900	SH		DFND		9,900	0	0
CHEMICAL FINANCIAL CORP	Common Stock	163731102	575	21,400	SH		DFND		21,400	0	0
CHEVRON CORP	Common Stock	166764100	1,794	15,032	SH		DFND		15,032	0	0
CHINA LIFE INSURANCE CO-ADR	Common Stock	16939P106	222	5,324	SH		DFND		5,324	0	0
CHINA MOBILE LTD-SPON ADR	Common Stock	16941M109	684	11,648	SH		DFND		11,648	0	0
CHINA PETROLEUM & CHEM-ADR	Common Stock	16941R108	239	2,733	SH		DFND		2,733	0	0
CHIPOTLE MEXICAN GRILL INC	Common Stock	169656105	616	924	SH		DFND		924	0	0
CHUY'S HOLDINGS INC	Common Stock	171604101	600	19,100	SH		DFND		19,100	0	0
CIA SIDERURGICA NACL-SP ADR	Common Stock	20440W105	99	27,947	SH		DFND		27,947	0	0
CIGNA CORP	Common Stock	125509109	610	6,731	SH		DFND		6,731	0	0
CIMAREX ENERGY CO	Common Stock	171798101	555	4,387	SH		DFND		4,387	0	0
CINCINNATI FINANCIAL CORP	Common Stock	172062101	16,734	355,667	SH		DFND		355,667	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	637	25,289	SH		DFND		25,289	0	0
CIT GROUP INC 4.25 8/15/2017	Common Stock	125581GP7	11,748	11,603,000	SH		DFND		11,603,000	0	0
CITY NATIONAL CORP	Common Stock	178566105	575	7,600	SH		DFND		7,600	0	0
CNH INDUSTRIAL NV	Common Stock	N20944109	619	78,007	SH		DFND		78,007	0	0
CNOOC LTD-ADR	Common Stock	126132109	297	1,722	SH		DFND		1,722	0	0
COCA-COLA ENTERPRISES	Common Stock	19122T109	577	13,000	SH		DFND		13,000	0	0
COEUR MINING INC	Common Stock	192108504	193	38,938	SH		DFND		38,938	0	0
COGNEX CORP	Common Stock	192422103	556	13,800	SH		DFND		13,800	0	0
COGNIZANT TECH SOLUTIONS-A	Common Stock	192446102	596	13,321	SH		DFND		13,321	0	0
COHEN & STEERS INC	Common Stock	19247A100	561	14,600	SH		DFND		14,600	0	0
COLUMBIA BANKING SYSTEM INC	Common Stock	197236102	573	23,080	SH		DFND		23,080	0	0
COMMVAULT SYSTEMS INC	Common Stock	204166102	570	11,300	SH		DFND		11,300	0	0
COMPUTER PROGRAMS & SYSTEMS	Common Stock	205306103	568	9,882	SH		DFND		9,882	0	0
CONOCOPHILLIPS	Common Stock	20825C104	17,389	227,243	SH		DFND		227,243	0	0
CONSTELLATION BRANDS INC-A	Common Stock	21036P108	596	6,833	SH		DFND		6,833	0	0
CONSUMER DISCRETIONARY SELT	ETF	81369Y407	14,704	220,484	SH		DFND		220,484	0	0
CONTINENTAL RESOURCES 5 9/15/2022	Common Stock	212015AH4	9,765	9,245,000	SH		DFND		9,245,000	0	0
CR BARD INC	Common Stock	067383109	587	4,114	SH		DFND		4,114	0	0
CRANE CO	Common Stock	224399105	556	8,800	SH		DFND		8,800	0	0
CREDIT ACCEPTANCE CORP	Common Stock	225310101	609	4,834	SH		DFND		4,834	0	0
Crestwood Midstream MLP	Common Stock	226378107	421	18,571	SH		DFND		18,571	0	0
CVS HEALTH CORP	Common Stock	126650100	575	7,228	SH		DFND		7,228	0	0
CYBERONICS INC	Common Stock	23251P102	578	11,300	SH		DFND		11,300	0	0
CYNOSURE INC-A	Common Stock	232577205	548	26,100	SH		DFND		26,100	0	0
DAKTRONICS INC	Common Stock	234264109	556	45,200	SH		DFND		45,200	0	0
DARDEN RESTAURANTS INC	Common Stock	237194105	18,523	359,957	SH		DFND		359,957	0	0
DAVITA HEALTHCARE PARTNE 6.625 11/1/2020	Common Stock	23918KAM0	2,104	2,000,000	SH		DFND		2,000,000	0	0
DCP MIDSTREAM PARTNERS LP	Common Stock	23311P100	252,420	4,635,804	SH		DFND		4,635,804	0	0
DEERE & CO	Common Stock	244199105	3,000	36,594	SH		DFND		36,594	0	0
DELTA AIR LINES INC	Common Stock	247361702	553	15,307	SH		DFND		15,307	0	0
DELUXE CORP	Common Stock	248019101	564	10,217	SH		DFND		10,217	0	0
DEPOMED INC	Common Stock	249908104	603	39,700	SH		DFND		39,700	0	0
DIAMOND OFFSHORE DRILLING	Common Stock	25271C102	14,702	429,014	SH		DFND		429,014	0	0
DIAMONDBACK ENERGY INC	Common Stock	25278X109	576	7,700	SH		DFND		7,700	0	0
DICK'S SPORTING GOODS INC	Common Stock	253393102	575	13,100	SH		DFND		13,100	0	0
DIGITAL REALTY TRUST INC	Common Stock	253868103	1,098	17,596	SH		DFND		17,596	0	0
DISCOVER FINANCIAL SERVICES	Common Stock	254709108	634	9,840	SH		DFND		9,840	0	0
DOLLAR GENERAL CORP	Common Stock	256677105	574	9,400	SH		DFND		9,400	0	0
DOLLAR TREE INC	Common Stock	256746108	596	10,631	SH		DFND		10,631	0	0
Dominion Resources	Common Stock	25746U109	1,293	18,712	SH		DFND		18,712	0	0
DORMAN PRODUCTS INC	Common Stock	258278100	608	15,175	SH		DFND		15,175	0	0
DOUGLAS EMMETT INC	Common Stock	25960P109	448	17,459	SH		DFND		17,459	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	17,055	325,233	SH		DFND		325,233	0	0
DR PEPPER SNAPPLE GROUP INC	Common Stock	26138E109	611	9,500	SH		DFND		9,500	0	0
DREW INDUSTRIES INC	Common Stock	26168L205	540	12,800	SH		DFND		12,800	0	0
DRIL-QUIP INC	Common Stock	262037104	586	6,553	SH		DFND		6,553	0	0
DST SYSTEMS INC	Common Stock	233326107	564	6,721	SH		DFND		6,721	0	0
DSW INC-CLASS A	Common Stock	23334L102	587	19,500	SH		DFND		19,500	0	0
DTE Energy Co	Common Stock	233331107	1,288	16,923	SH		DFND		16,923	0	0
DTS INC	Common Stock	23335C101	641	25,400	SH		DFND		25,400	0	0
DU PONT (E.I.) DE NEMOURS	Common Stock	263534109	18,975	264,421	SH		DFND		264,421	0	0
DXP ENTERPRISES INC	Common Stock	233377407	556	7,543	SH		DFND		7,543	0	0
E*TRADE FINANCIAL CORP 6 11/15/2017	Common Stock	269246BJ2	11,186	10,808,000	SH		DFND		10,808,000	0	0
EAGLE BANCORP INC	Common Stock	268948106	576	18,091	SH		DFND		18,091	0	0
EAST WEST BANCORP INC	Common Stock	27579R104	584	17,183	SH		DFND		17,183	0	0
EASTMAN CHEMICAL CO	Common Stock	277432100	574	7,096	SH		DFND		7,096	0	0
EATON VANCE CORP	Common Stock	278265103	580	15,374	SH		DFND		15,374	0	0
EDWARDS LIFESCIENCES CORP	Common Stock	28176E108	591	5,787	SH		DFND		5,787	0	0
El Paso Pipeline LP MLP	Common Stock	283702108	684	17,027	SH		DFND		17,027	0	0
ELDORADO GOLD CORP	Common Stock	284902103	2,133	316,522	SH		DFND		316,522	0	0
ELI LILLY & CO	Common Stock	532457108	17,016	262,396	SH		DFND		262,396	0	0
EMC CORP/MA	Common Stock	268648102	632	21,594	SH		DFND		21,594	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	576	9,200	SH		DFND		9,200	0	0
EMPLOYERS HOLDINGS INC	Common Stock	292218104	581	30,200	SH		DFND		30,200	0	0
ENANTA PHARMACEUTICALS INC	Common Stock	29251M106	590	14,900	SH		DFND		14,900	0	0
Enbridge Energy MLP	Common Stock	29250R106	999	25,716	SH		DFND		25,716	0	0
Enbridge Inc. DL	Common Stock	29250N956	2,940	61,421	SH		DFND		61,421	0	0
ENCORE CAPITAL GROUP INC	Common Stock	292554102	585	13,200	SH		DFND		13,200	0	0
ENDEAVOUR SILVER CORP	Common Stock	29258Y103	562	128,516	SH		DFND		128,516	0	0
ENDOCYTE INC	Common Stock	29269A102	444	73,100	SH		DFND		73,100	0	0
ENERGY SELECT SECTOR SPDR	ETF	81369Y506	14,589	160,986	SH		DFND		160,986	0	0
Energy Transfer MLP	Common Stock	29273R109	4,475	69,930	SH		DFND		69,930	0	0
ENERNOC INC	Common Stock	292764107	519	30,600	SH		DFND		30,600	0	0
ENLINK MIDSTREAM LLC	Common Stock	29336T100	3,380	81,778	SH		DFND		81,778	0	0
ENLINK MIDSTREAM PARTNERS LP	Common Stock	29336U107	151,584	4,978,130	SH		DFND		4,978,130	0	0
ENSTAR GROUP LTD	Common Stock	G3075P101	586	4,300	SH		DFND		4,300	0	0
ENTERGY CORP	Common Stock	29364G103	17,505	226,365	SH		DFND		226,365	0	0
Enterprise Prods. LP MLP	Common Stock	293792107	4,587	113,822	SH		DFND		113,822	0	0
EOG RESOURCES INC	Common Stock	26875P101	980	9,892	SH		DFND		9,892	0	0
EPAM SYSTEMS INC	Common Stock	29414B104	663	15,142	SH		DFND		15,142	0	0
EQT Midstream MLP	Common Stock	26885B100	2,517	28,089	SH		DFND		28,089	0	0
EQUITY RESIDENTIAL	Common Stock	29476L107	2,925	47,503	SH		DFND		47,503	0	0
ERIE INDEMNITY COMPANY-CL A	Common Stock	29530P102	584	7,700	SH		DFND		7,700	0	0
ESSEX PROPERTY TRUST INC	Common Stock	297178105	1,466	8,199	SH		DFND		8,199	0	0
ESTEE LAUDER COMPANIES-CL A	Common Stock	518439104	598	8,000	SH		DFND		8,000	0	0
EVERCORE PARTNERS INC-CL A	Common Stock	29977A105	558	11,874	SH		DFND		11,874	0	0
EVEREST RE GROUP LTD	Common Stock	G3223R108	593	3,663	SH		DFND		3,663	0	0
EXELON CORP	Common Stock	30161N101	17,770	521,280	SH		DFND		521,280	0	0
EXXON MOBIL CORP	Common Stock	30231G102	3,088	32,835	SH		DFND		32,835	0	0
F5 NETWORKS INC	Common Stock	315616102	569	4,791	SH		DFND		4,791	0	0
FABRINET	Common Stock	G3323L100	568	38,900	SH		DFND		38,900	0	0
FACEBOOK INC-A	Common Stock	30303M102	615	7,784	SH		DFND		7,784	0	0
FARO TECHNOLOGIES INC	Common Stock	311642102	558	11,000	SH		DFND		11,000	0	0
FASTENAL CO	Common Stock	311900104	584	13,000	SH		DFND		13,000	0	0
FEDERAL REALTY INVS TRUST	Common Stock	313747206	1,039	8,775	SH		DFND		8,775	0	0
FEDERATED NATIONAL HOLDING C	Common Stock	31422T101	685	24,400	SH		DFND		24,400	0	0
FERRO CORP	Common Stock	315405100	640	44,200	SH		DFND		44,200	0	0
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	14,795	638,552	SH		DFND		638,552	0	0
FINISH LINE/THE - CL A	Common Stock	317923100	475	18,977	SH		DFND		18,977	0	0
FIRST CASH FINL SVCS INC	Common Stock	31942D107	593	10,600	SH		DFND		10,600	0	0
FIRST MIDWEST BANCORP INC/IL	Common Stock	320867104	571	35,500	SH		DFND		35,500	0	0
FIRSTENERGY CORP	Common Stock	337932107	16,783	499,937	SH		DFND		499,937	0	0
FISERV INC	Common Stock	337738108	593	9,174	SH		DFND		9,174	0	0
FIVE BELOW	Common Stock	33829M101	559	14,100	SH		DFND		14,100	0	0
FLEETCOR TECHNOLOGIES INC	Common Stock	339041105	585	4,117	SH		DFND		4,117	0	0
FMC TECHNOLOGIES INC	Common Stock	30249U101	582	10,720	SH		DFND		10,720	0	0
FOOT LOCKER INC	Common Stock	344849104	577	10,375	SH		DFND		10,375	0	0
FORESTAR GROUP INC	Common Stock	346233109	564	31,812	SH		DFND		31,812	0	0
FORTRESS INVESTMENT GRP-CL A	Common Stock	34958B106	571	83,015	SH		DFND		83,015	0	0
FORTUNA SILVER MINES INC	Common Stock	349915108	533	131,221	SH		DFND		131,221	0	0
FOSSIL GROUP INC	Common Stock	34988V106	575	6,119	SH		DFND		6,119	0	0
FOX FACTORY HOLDING CORP	Common Stock	35138V102	587	37,900	SH		DFND		37,900	0	0
FRANCESCAS HOLDINGS CORP	Common Stock	351793104	593	42,600	SH		DFND		42,600	0	0
FRANCO-NEVADA CORP	Common Stock	351858105	6,979	142,783	SH		DFND		142,783	0	0
FRANKLIN RESOURCES INC	Common Stock	354613101	585	10,718	SH		DFND		10,718	0	0
FREEPORT-MCMORAN INC	Common Stock	35671D857	16,935	518,668	SH		DFND		518,668	0	0
FRONTIER COMMUNICATIONS 8.25 4/15/2017	Common Stock	35906AAF5	13,586	12,185,000	SH		DFND		12,185,000	0	0
FUTUREFUEL CORP	Common Stock	36116M106	561	47,141	SH		DFND		47,141	0	0
GAMESTOP CORP-CLASS A	Common Stock	36467W109	597	14,500	SH		DFND		14,500	0	0
GAP INC/THE	Common Stock	364760108	608	14,582	SH		DFND		14,582	0	0
GARMIN LTD	Common Stock	H2906T109	16,598	319,261	SH		DFND		319,261	0	0
GARTNER INC	Common Stock	366651107	580	7,900	SH		DFND		7,900	0	0
GENERAC HOLDINGS INC	Common Stock	368736104	572	14,104	SH		DFND		14,104	0	0
GENERAL ELECTRIC CO	Common Stock	369604103	16,964	662,122	SH		DFND		662,122	0	0
GENERAL GROWTH PROPERTIES	Common Stock	370023103	1,941	82,419	SH		DFND		82,419	0	0
GENESIS ENERGY L.P.	Common Stock	371927104	207,370	3,939,398	SH		DFND		3,939,398	0	0
GENTEX CORP	Common Stock	371901109	543	20,295	SH		DFND		20,295	0	0
GENTHERM INC	Common Stock	37253A103	513	12,139	SH		DFND		12,139	0	0
GEOSPACE TECHNOLOGIES CORP	Common Stock	37364X109	506	14,407	SH		DFND		14,407	0	0
GERDAU SA -SPON ADR	Common Stock	373737105	109	22,635	SH		DFND		22,635	0	0
GILEAD SCIENCES INC	Common Stock	375558103	609	5,717	SH		DFND		5,717	0	0
GLOBUS MEDICAL INC - A	Common Stock	379577208	596	30,300	SH		DFND		30,300	0	0
GOLAR LNG PARTNERS LP	Common Stock	Y2745C102	547	15,744	SH		DFND		15,744	0	0
GOLDCORP INC	Common Stock	380956409	6,571	285,271	SH		DFND		285,271	0	0
GOOGLE INC-CL A	Common Stock	38259P508	661	1,123	SH		DFND		1,123	0	0
GRACO INC	Common Stock	384109104	581	7,957	SH		DFND		7,957	0	0
GRAND CANYON EDUCATION INC	Common Stock	38526M106	581	14,247	SH		DFND		14,247	0	0
GREEN PLAINS INC	Common Stock	393222104	568	15,200	SH		DFND		15,200	0	0
GREENBRIER COMPANIES INC	Common Stock	393657101	594	8,100	SH		DFND		8,100	0	0
Greenhaven Cont Cmdt ETF	ETF	395258106	19,890	803,647	SH		DFND		803,647	0	0
H&E EQUIPMENT SERVICES INC	Common Stock	404030108	595	14,778	SH		DFND		14,778	0	0
H&R BLOCK INC	Common Stock	093671105	574	18,500	SH		DFND		18,500	0	0
HAIN CELESTIAL GROUP INC	Common Stock	405217100	594	5,800	SH		DFND		5,800	0	0
HALLIBURTON CO	Common Stock	406216101	973	15,079	SH		DFND		15,079	0	0
HANOVER INSURANCE GROUP INC/	Common Stock	410867105	590	9,600	SH		DFND		9,600	0	0
HARLEY-DAVIDSON INC	Common Stock	412822108	559	9,600	SH		DFND		9,600	0	0
HAWAIIAN HOLDINGS INC	Common Stock	419879101	531	39,500	SH		DFND		39,500	0	0
HCA HOLDINGS INC	Common Stock	40412C101	585	8,300	SH		DFND		8,300	0	0
HCI GROUP INC	Common Stock	40416E103	548	15,217	SH		DFND		15,217	0	0
HCP INC	Common Stock	40414L109	2,383	60,013	SH		DFND		60,013	0	0
HEALTH CARE REIT INC	Common Stock	42217K106	2,642	42,368	SH		DFND		42,368	0	0
HEALTH CARE SELECT SECTOR	ETF	81369Y209	14,872	232,706	SH		DFND		232,706	0	0
HEARTLAND EXPRESS INC	Common Stock	422347104	588	24,547	SH		DFND		24,547	0	0
HECLA MINING CO	Common Stock	422704106	40	15,974	SH		DFND		15,974	0	0
HELIX ENERGY SOLUTIONS GROUP	Common Stock	42330P107	521	23,600	SH		DFND		23,600	0	0
HERSHEY CO/THE	Common Stock	427866108	609	6,385	SH		DFND		6,385	0	0
HIBBETT SPORTS INC	Common Stock	428567101	588	13,800	SH		DFND		13,800	0	0
HI-CRUSH PARTNERS LP	Common Stock	428337109	490	9,500	SH		DFND		9,500	0	0
HIGHWOODS PROPERTIES INC	Common Stock	431284108	448	11,504	SH		DFND		11,504	0	0
HOME BANCSHARES INC	Common Stock	436893200	568	19,300	SH		DFND		19,300	0	0
HOME DEPOT INC	Common Stock	437076102	603	6,572	SH		DFND		6,572	0	0
HOME LOAN SERVICING SOLUTION	Common Stock	G6648D109	568	26,800	SH		DFND		26,800	0	0
HONEYWELL INTERNATIONAL INC	Common Stock	438516106	577	6,201	SH		DFND		6,201	0	0
HOST HOTELS & RESORTS INC	Common Stock	44107P104	2,118	99,279	SH		DFND		99,279	0	0
HSN INC	Common Stock	404303109	616	10,032	SH		DFND		10,032	0	0
HUNT (JB) TRANSPRT SVCS INC	Common Stock	445658107	596	8,046	SH		DFND		8,046	0	0
HUNTINGTON BANCSHARES INC	Common Stock	446150104	614	63,117	SH		DFND		63,117	0	0
HUNTINGTON INGALLS INDUSTRIE	Common Stock	446413106	584	5,600	SH		DFND		5,600	0	0
HURON CONSULTING GROUP INC	Common Stock	447462102	612	10,042	SH		DFND		10,042	0	0
IAMGOLD CORP	Common Stock	450913108	565	204,580	SH		DFND		204,580	0	0
INDUSTRIAL SELECT SECT SPDR	ETF	81369Y704	14,740	277,327	SH		DFND		277,327	0	0
INFOSYS LTD-SP ADR	Common Stock	456788108	478	7,907	SH		DFND		7,907	0	0
INGREDION INC	Common Stock	457187102	458	6,038	SH		DFND		6,038	0	0
INNOSPEC INC	Common Stock	45768S105	554	15,429	SH		DFND		15,429	0	0
INSYS THERAPEUTICS INC	Common Stock	45824V209	683	17,600	SH		DFND		17,600	0	0
INTEGRATED DEVICE TECH INC	Common Stock	458118106	579	36,300	SH		DFND		36,300	0	0
INTEL CORP	Common Stock	458140100	17,781	510,666	SH		DFND		510,666	0	0
INTELIQUENT INC	Common Stock	45825N107	578	46,400	SH		DFND		46,400	0	0
INTERDIGITAL INC	Common Stock	45867G101	577	14,500	SH		DFND		14,500	0	0
INTERVAL LEISURE GROUP	Common Stock	46113M108	533	27,989	SH		DFND		27,989	0	0
INTL BUSINESS MACHINES CORP	Common Stock	459200101	630	3,321	SH		DFND		3,321	0	0
INVESCO LTD	Common Stock	G491BT108	16,535	418,819	SH		DFND		418,819	0	0
IPG PHOTONICS CORP	Common Stock	44980X109	612	8,900	SH		DFND		8,900	0	0
IRON MOUNTAIN INC	Common Stock	462846106	15,846	485,334	SH		DFND		485,334	0	0
ISHARES CORE S&P 500 ETF	ETF	464287200	23,796	120,025	SH		DFND		120,025	0	0
iShs MSCI EAFE SC ETF	ETF	464288273	20,817	429,210	SH		DFND		429,210	0	0
ITC HOLDINGS CORP	Common Stock	465685105	581	16,300	SH		DFND		16,300	0	0
JACK HENRY & ASSOCIATES INC	Common Stock	426281101	576	10,350	SH		DFND		10,350	0	0
JOHNSON & JOHNSON	Common Stock	478160104	638	5,981	SH		DFND		5,981	0	0
JONES LANG LASALLE INC	Common Stock	48020Q107	587	4,648	SH		DFND		4,648	0	0
KANSAS CITY SOUTHERN	Common Stock	485170302	594	4,900	SH		DFND		4,900	0	0
KAPSTONE PAPER AND PACKAGING	Common Stock	48562P103	556	19,875	SH		DFND		19,875	0	0
KEURIG GREEN MOUNTAIN INC	Common Stock	49271M100	567	4,359	SH		DFND		4,359	0	0
KILROY REALTY CORP	Common Stock	49427F108	633	10,647	SH		DFND		10,647	0	0
KIMCO REALTY CORP	Common Stock	49446R109	1,185	54,104	SH		DFND		54,104	0	0
Kinder Morgan Energy MLP	Common Stock	494550106	2,346	25,155	SH		DFND		25,155	0	0
KINDER MORGAN INC	Common Stock	49456B101	20,869	544,315	SH		DFND		544,315	0	0
KINROSS GOLD CORP	Common Stock	496902404	1,380	417,724	SH		DFND		417,724	0	0
KKR & CO LP	Common Stock	48248M102	589	26,396	SH		DFND		26,396	0	0
KODIAK OIL & GAS CORP	Common Stock	50015Q100	548	40,412	SH		DFND		40,412	0	0
KRAFT FOODS GROUP INC	Common Stock	50076Q106	16,735	296,727	SH		DFND		296,727	0	0
KROGER CO	Common Stock	501044101	596	11,456	SH		DFND		11,456	0	0
LAM RESEARCH CORP	Common Stock	512807108	590	7,900	SH		DFND		7,900	0	0
LANDSTAR SYSTEM INC	Common Stock	515098101	599	8,300	SH		DFND		8,300	0	0
LANNETT CO INC	Common Stock	516012101	669	14,654	SH		DFND		14,654	0	0
LAS VEGAS SANDS CORP	Common Stock	517834107	593	9,540	SH		DFND		9,540	0	0
LEGGETT & PLATT INC	Common Stock	524660107	17,006	486,997	SH		DFND		486,997	0	0
LENNOX INTERNATIONAL INC	Common Stock	526107107	564	7,336	SH		DFND		7,336	0	0
LINCOLN ELECTRIC HOLDINGS	Common Stock	533900106	566	8,183	SH		DFND		8,183	0	0
LINEAR TECHNOLOGY CORP	Common Stock	535678106	586	13,200	SH		DFND		13,200	0	0
LIONBRIDGE TECHNOLOGIES INC	Common Stock	536252109	619	137,500	SH		DFND		137,500	0	0
LITHIA MOTORS INC-CL A	Common Stock	536797103	545	7,200	SH		DFND		7,200	0	0
LOCKHEED MARTIN CORP	Common Stock	539830109	17,953	98,224	SH		DFND		98,224	0	0
LORILLARD INC	Common Stock	544147101	17,330	289,262	SH		DFND		289,262	0	0
LOWE'S COS INC	Common Stock	548661107	587	11,100	SH		DFND		11,100	0	0
LYDALL INC	Common Stock	550819106	548	20,300	SH		DFND		20,300	0	0
MACERICH CO/THE	Common Stock	554382101	1,181	18,507	SH		DFND		18,507	0	0
MACY'S INC	Common Stock	55616P104	570	9,803	SH		DFND		9,803	0	0
Magellan Midstream MLP	Common Stock	559080106	4,097	48,675	SH		DFND		48,675	0	0
MANHATTAN ASSOCIATES INC	Common Stock	562750109	618	18,496	SH		DFND		18,496	0	0
MANPOWERGROUP INC	Common Stock	56418H100	554	7,900	SH		DFND		7,900	0	0
MARKETAXESS HOLDINGS INC	Common Stock	57060D108	628	10,154	SH		DFND		10,154	0	0
Markwest Energy Part MLP	Common Stock	570759100	3,796	49,414	SH		DFND		49,414	0	0
MARSH & MCLENNAN COS	Common Stock	571748102	631	12,056	SH		DFND		12,056	0	0
MASTERCARD INC-CLASS A	Common Stock	57636Q104	617	8,348	SH		DFND		8,348	0	0
MATADOR RESOURCES CO	Common Stock	576485205	582	22,500	SH		DFND		22,500	0	0
MATERIALS SELECT SECTOR SPDR	ETF	81369Y100	14,848	299,409	SH		DFND		299,409	0	0
MAXIMUS INC	Common Stock	577933104	577	14,390	SH		DFND		14,390	0	0
MCDONALD'S CORP	Common Stock	580135101	17,961	189,446	SH		DFND		189,446	0	0
MCEWEN MINING INC	Common Stock	58039P107	804	410,168	SH		DFND		410,168	0	0
MCGRAW HILL FINANCIAL INC	Common Stock	580645109	583	6,900	SH		DFND		6,900	0	0
MEAD JOHNSON NUTRITION CO	Common Stock	582839106	587	6,100	SH		DFND		6,100	0	0
MEDLEY CAPITAL CORP	Common Stock	58503F106	571	48,315	SH		DFND		48,315	0	0
MERCK & CO. INC.	Common Stock	58933Y105	17,051	287,641	SH		DFND		287,641	0	0
METHODE ELECTRONICS INC	Common Stock	591520200	544	14,764	SH		DFND		14,764	0	0
METTLER-TOLEDO INTERNATIONAL	Common Stock	592688105	580	2,266	SH		DFND		2,266	0	0
MICROCHIP TECHNOLOGY INC	Common Stock	595017104	17,511	370,757	SH		DFND		370,757	0	0
MICRON TECHNOLOGY INC	Common Stock	595112103	639	18,640	SH		DFND		18,640	0	0
MICROSOFT CORP	Common Stock	594918104	634	13,683	SH		DFND		13,683	0	0
MIDDLEBY CORP	Common Stock	596278101	585	6,642	SH		DFND		6,642	0	0
MOBILE TELESYSTEMS-SP ADR	Common Stock	607409109	216	14,486	SH		DFND		14,486	0	0
MONSANTO CO	Common Stock	61166W101	4,864	43,235	SH		DFND		43,235	0	0
MONSTER BEVERAGE CORP	Common Stock	611740101	600	6,545	SH		DFND		6,545	0	0
MONTPELIER RE HOLDINGS LTD	Common Stock	G62185106	578	18,600	SH		DFND		18,600	0	0
MOODY'S CORP	Common Stock	615369105	636	6,734	SH		DFND		6,734	0	0
MOSAIC CO/THE	Common Stock	61945C103	1,154	25,980	SH		DFND		25,980	0	0
MTS SYSTEMS CORP	Common Stock	553777103	604	8,845	SH		DFND		8,845	0	0
MYRIAD GENETICS INC	Common Stock	62855J104	602	15,619	SH		DFND		15,619	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	250	3,282	SH		DFND		3,282	0	0
NAUTILUS INC	Common Stock	63910B102	569	47,500	SH		DFND		47,500	0	0
NAVIGATORS GROUP INC	Common Stock	638904102	584	9,500	SH		DFND		9,500	0	0
NCR CORPORATION	Common Stock	62886E108	575	17,210	SH		DFND		17,210	0	0
NEENAH PAPER INC	Common Stock	640079109	558	10,425	SH		DFND		10,425	0	0
NETSCOUT SYSTEMS INC	Common Stock	64115T104	595	12,988	SH		DFND		12,988	0	0
NEUSTAR INC-CLASS A	Common Stock	64126X201	558	22,488	SH		DFND		22,488	0	0
NEW GOLD INC	Common Stock	644535106	1,015	200,944	SH		DFND		200,944	0	0
NEW MOUNTAIN FINANCE CORP	Common Stock	647551100	589	40,100	SH		DFND		40,100	0	0
NEW RESIDENTIAL INVESTMENT	Common Stock	64828T102	555	95,200	SH		DFND		95,200	0	0
NEWMARKET CORP	Common Stock	651587107	556	1,460	SH		DFND		1,460	0	0
NEWMONT MINING CORP	Common Stock	651639106	16,158	701,005	SH		DFND		701,005	0	0
NEXSTAR BROADCASTING GROUP-A	Common Stock	65336K103	550	13,607	SH		DFND		13,607	0	0
NIC INC	Common Stock	62914B100	566	32,882	SH		DFND		32,882	0	0
NIKE INC -CL B	Common Stock	654106103	699	7,833	SH		DFND		7,833	0	0
NISOURCE INC	Common Stock	65473P105	1,726	42,114	SH		DFND		42,114	0	0
NOVAGOLD RESOURCES INC	Common Stock	66987E206	516	170,423	SH		DFND		170,423	0	0
NRG ENERGY INC 7.625 1/15/2018	Common Stock	629377BN1	12,072	10,950,000	SH		DFND		10,950,000	0	0
NU SKIN ENTERPRISES INC - A	Common Stock	67018T105	621	13,785	SH		DFND		13,785	0	0
NUCOR CORP	Common Stock	670346105	17,207	316,999	SH		DFND		316,999	0	0
NUSTAR ENERGY LP	Common Stock	67058H102	231,171	3,505,774	SH		DFND		3,505,774	0	0
NVIDIA CORP	Common Stock	67066G104	576	31,200	SH		DFND		31,200	0	0
NVR INC	Common Stock	62944T105	584	517	SH		DFND		517	0	0
OASIS PETROLEUM INC	Common Stock	674215108	543	12,980	SH		DFND		12,980	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	570	5,924	SH		DFND		5,924	0	0
OCEANEERING INTL INC	Common Stock	675232102	598	9,175	SH		DFND		9,175	0	0
OFG BANCORP	Common Stock	67103X102	556	37,100	SH		DFND		37,100	0	0
OGE ENERGY CORP	Common Stock	670837103	1,675	45,142	SH		DFND		45,142	0	0
OLD DOMINION FREIGHT LINE	Common Stock	679580100	592	8,383	SH		DFND		8,383	0	0
OMEGA PROTEIN CORP	Common Stock	68210P107	509	40,700	SH		DFND		40,700	0	0
ONEOK INC	Common Stock	682680103	3,144	47,967	SH		DFND		47,967	0	0
ONEOK PARTNERS LP	Common Stock	68268N103	469,887	8,396,834	SH		DFND		8,396,834	0	0
O'REILLY AUTOMOTIVE INC	Common Stock	67103H107	573	3,811	SH		DFND		3,811	0	0
ORITANI FINANCIAL CORP	Common Stock	68633D103	586	41,621	SH		DFND		41,621	0	0
OSI SYSTEMS INC	Common Stock	671044105	580	9,135	SH		DFND		9,135	0	0
OUTERWALL INC	Common Stock	690070107	556	9,909	SH		DFND		9,909	0	0
OVERSTOCK.COM INC	Common Stock	690370101	552	32,723	SH		DFND		32,723	0	0
OXFORD INDUSTRIES INC	Common Stock	691497309	555	9,100	SH		DFND		9,100	0	0
PACIFIC ETHANOL INC	Common Stock	69423U305	496	35,500	SH		DFND		35,500	0	0
PACKAGING CORP OF AMERICA	Common Stock	695156109	579	9,078	SH		DFND		9,078	0	0
PALL CORP	Common Stock	696429307	601	7,177	SH		DFND		7,177	0	0
PANERA BREAD COMPANY-CLASS A	Common Stock	69840W108	610	3,747	SH		DFND		3,747	0	0
PANHANDLE OIL AND GAS INC-A	Common Stock	698477106	567	9,500	SH		DFND		9,500	0	0
PAREXEL INTERNATIONAL CORP	Common Stock	699462107	613	9,713	SH		DFND		9,713	0	0
PARKER DRILLING CO	Common Stock	701081101	537	108,700	SH		DFND		108,700	0	0
PARTNERRE LTD	Common Stock	G6852T105	582	5,300	SH		DFND		5,300	0	0
PATRICK INDUSTRIES INC	Common Stock	703343103	603	14,232	SH		DFND		14,232	0	0
PAYCHEX INC	Common Stock	704326107	18,618	421,214	SH		DFND		421,214	0	0
PDL BIOPHARMA INC	Common Stock	69329Y104	526	70,378	SH		DFND		70,378	0	0
PEGASYSTEMS INC	Common Stock	705573103	539	28,230	SH		DFND		28,230	0	0
Pembina Pipeline	Common Stock	706327954	1,571	37,295	SH		DFND		37,295	0	0
PEOPLE'S UNITED FINANCIAL	Common Stock	712704105	16,463	1,137,744	SH		DFND		1,137,744	0	0
PEPCO HOLDINGS INC	Common Stock	713291102	16,874	630,568	SH		DFND		630,568	0	0
PEPSICO INC	Common Stock	713448108	637	6,847	SH		DFND		6,847	0	0
PETROCHINA CO LTD -ADR	Common Stock	71646E100	290	2,259	SH		DFND		2,259	0	0
PETROLEO BRASILEIRO S.A.-ADR	Common Stock	71654V408	435	30,644	SH		DFND		30,644	0	0
PETROQUEST ENERGY INC	Common Stock	716748108	565	100,500	SH		DFND		100,500	0	0
PETSMART INC	Common Stock	716768106	591	8,427	SH		DFND		8,427	0	0
PFIZER INC	Common Stock	717081103	17,209	581,989	SH		DFND		581,989	0	0
PGT INC	Common Stock	69336V101	527	56,494	SH		DFND		56,494	0	0
PHILIP MORRIS INTERNATIONAL	Common Stock	718172109	16,960	203,353	SH		DFND		203,353	0	0
PILGRIM'S PRIDE CORP	Common Stock	72147K108	580	18,976	SH		DFND		18,976	0	0
PIMCO Enhan Shrt Mat ETF	ETF	72201R833	9,269	91,460	SH		DFND		91,460	0	0
PIONEER NATURAL RESOURCES CO	Common Stock	723787107	215	1,094	SH		DFND		1,094	0	0
PIPER JAFFRAY COS	Common Stock	724078100	554	10,600	SH		DFND		10,600	0	0
PITNEY BOWES INC	Common Stock	724479100	16,096	644,083	SH		DFND		644,083	0	0
PLAINS ALL AMER PIPELINE LP	Common Stock	726503105	745,006	12,657,249	SH		DFND		12,657,249	0	0
PLAINS GP HOLDINGS LP-CL A	Common Stock	72651A108	725	23,642	SH		DFND		23,642	0	0
PNC FINANCIAL SERVICES GROUP	Common Stock	693475105	627	7,323	SH		DFND		7,323	0	0
POLARIS INDUSTRIES INC	Common Stock	731068102	602	4,017	SH		DFND		4,017	0	0
POOL CORP	Common Stock	73278L105	578	10,718	SH		DFND		10,718	0	0
PORTFOLIO RECOVERY ASSOCIATE	Common Stock	73640Q105	568	10,875	SH		DFND		10,875	0	0
POSCO-ADR	Common Stock	693483109	261	3,437	SH		DFND		3,437	0	0
PRAXAIR INC	Common Stock	74005P104	576	4,467	SH		DFND		4,467	0	0
PRICELINE GROUP INC/THE	Common Stock	741503403	541	467	SH		DFND		467	0	0
PRIMERO MINING CORP	Common Stock	74164W106	789	162,755	SH		DFND		162,755	0	0
PRIMORIS SERVICES CORP	Common Stock	74164F103	537	20,000	SH		DFND		20,000	0	0
PROLOGIS INC	Common Stock	74340W103	2,462	65,316	SH		DFND		65,316	0	0
PROSPERITY BANCSHARES INC	Common Stock	743606105	568	9,934	SH		DFND		9,934	0	0
PROTECTIVE LIFE CORP	Common Stock	743674103	597	8,600	SH		DFND		8,600	0	0
PROTO LABS INC	Common Stock	743713109	540	7,825	SH		DFND		7,825	0	0
PTC INC	Common Stock	69370C100	579	15,678	SH		DFND		15,678	0	0
PUBLIC STORAGE	Common Stock	74460D109	3,160	19,054	SH		DFND		19,054	0	0
PULTEGROUP INC	Common Stock	745867101	544	30,800	SH		DFND		30,800	0	0
QUALCOMM INC	Common Stock	747525103	632	8,454	SH		DFND		8,454	0	0
QUESTAR CORP	Common Stock	748356102	1,606	72,033	SH		DFND		72,033	0	0
QUIMICA Y MINERA CHIL-SP ADR	Common Stock	833635105	227	8,666	SH		DFND		8,666	0	0
RANDGOLD RESOURCES LTD-ADR	Common Stock	752344309	6,544	96,818	SH		DFND		96,818	0	0
RANGE RESOURCES CORP	Common Stock	75281A109	556	8,200	SH		DFND		8,200	0	0
RBC BEARINGS INC	Common Stock	75524B104	561	9,900	SH		DFND		9,900	0	0
REALTY INCOME CORP	Common Stock	756109104	1,188	29,120	SH		DFND		29,120	0	0
REGENCY CENTERS CORP	Common Stock	758849103	650	12,066	SH		DFND		12,066	0	0
Regency Energy Part MLP	Common Stock	75885Y107	1,196	36,676	SH		DFND		36,676	0	0
REGENERON PHARMACEUTICALS	Common Stock	75886F107	594	1,647	SH		DFND		1,647	0	0
RESMED INC	Common Stock	761152107	573	11,623	SH		DFND		11,623	0	0
REX AMERICAN RESOURCES CORP	Common Stock	761624105	503	6,900	SH		DFND		6,900	0	0
REYNOLDS AMERICAN INC	Common Stock	761713106	18,184	308,195	SH		DFND		308,195	0	0
RING ENERGY INC	Common Stock	76680V108	585	39,700	SH		DFND		39,700	0	0
ROBERT HALF INTL INC	Common Stock	770323103	576	11,751	SH		DFND		11,751	0	0
ROLLINS INC	Common Stock	775711104	578	19,753	SH		DFND		19,753	0	0
ROSETTA RESOURCES INC	Common Stock	777779307	569	12,760	SH		DFND		12,760	0	0
ROSS STORES INC	Common Stock	778296103	601	7,949	SH		DFND		7,949	0	0
ROYAL GOLD INC	Common Stock	780287108	2,122	32,683	SH		DFND		32,683	0	0
RPC INC	Common Stock	749660106	617	28,100	SH		DFND		28,100	0	0
RPM INTERNATIONAL INC	Common Stock	749685103	581	12,700	SH		DFND		12,700	0	0
RR DONNELLEY & SONS CO	Common Stock	257867101	568	34,515	SH		DFND		34,515	0	0
SANDERSON FARMS INC	Common Stock	800013104	587	6,672	SH		DFND		6,672	0	0
SANDRIDGE PERMIAN TRUST	Common Stock	80007A102	536	55,160	SH		DFND		55,160	0	0
SANDSTORM GOLD LTD	Common Stock	80013R206	826	192,132	SH		DFND		192,132	0	0
SCHLUMBERGER LTD	Common Stock	806857108	1,015	9,981	SH		DFND		9,981	0	0
SEABRIDGE GOLD INC	Common Stock	811916105	907	112,831	SH		DFND		112,831	0	0
SEAGATE TECHNOLOGY	Common Stock	G7945M107	16,038	280,047	SH		DFND		280,047	0	0
SEI INVESTMENTS COMPANY	Common Stock	784117103	577	15,957	SH		DFND		15,957	0	0
SHERWIN-WILLIAMS CO/THE	Common Stock	824348106	600	2,741	SH		DFND		2,741	0	0
SHINHAN FINANCIAL GROUP-ADR	Common Stock	824596100	231	5,080	SH		DFND		5,080	0	0
SIBANYE GOLD- SPON ADR	Common Stock	825724206	1,251	147,553	SH		DFND		147,553	0	0
SILVER STANDARD RESOURCES	Common Stock	82823L106	312	51,110	SH		DFND		51,110	0	0
SILVER WHEATON CORP	Common Stock	828336107	1,552	77,866	SH		DFND		77,866	0	0
SIMON PROPERTY GROUP INC	Common Stock	828806109	3,825	23,263	SH		DFND		23,263	0	0
SINCLAIR BROADCAST GROUP -A	Common Stock	829226109	570	21,829	SH		DFND		21,829	0	0
SIRIUS XM HOLDINGS INC	Common Stock	82968B103	39	11,282	SH		DFND		11,282	0	0
SIX FLAGS ENTERTAINMENT CORP	Common Stock	83001A102	595	17,300	SH		DFND		17,300	0	0
SKECHERS USA INC-CL A	Common Stock	830566105	544	10,200	SH		DFND		10,200	0	0
SKYWORKS SOLUTIONS INC	Common Stock	83088M102	621	10,696	SH		DFND		10,696	0	0
SL GREEN REALTY CORP	Common Stock	78440X101	1,267	12,509	SH		DFND		12,509	0	0
SLM CORP	Common Stock	78442P106	572	66,800	SH		DFND		66,800	0	0
SM ENERGY CO	Common Stock	78454L100	530	6,800	SH		DFND		6,800	0	0
SMITH & WESSON HOLDING CORP	Common Stock	831756101	560	59,301	SH		DFND		59,301	0	0
SNAP-ON INC	Common Stock	833034101	576	4,760	SH		DFND		4,760	0	0
SOLARWINDS INC	Common Stock	83416B109	576	13,697	SH		DFND		13,697	0	0
SOUTH STATE CORP	Common Stock	840441109	559	10,000	SH		DFND		10,000	0	0
SOUTHSIDE BANCSHARES INC	Common Stock	84470P109	608	18,300	SH		DFND		18,300	0	0
SOUTHWEST AIRLINES CO	Common Stock	844741108	584	17,300	SH		DFND		17,300	0	0
SOUTHWESTERN ENERGY CO	Common Stock	845467109	643	18,406	SH		DFND		18,406	0	0
SPDR BC HY Bond ETF	ETF	78464A417	14,265	355,030	SH		DFND		355,030	0	0
SPDR S&P 500 ETF	ETF	78462F103	3,844	19,512	SH		DFND		19,512	0	0
SPECTRA ENERGY CORP	Common Stock	847560109	17,726	451,514	SH		DFND		451,514	0	0
SPECTRA ENERGY PARTNERS LP	Common Stock	84756N109	144,411	2,725,247	SH		DFND		2,725,247	0	0
SPIRIT AIRLINES INC	Common Stock	848577102	597	8,641	SH		DFND		8,641	0	0
ST JOE CO/THE	Common Stock	790148100	560	28,100	SH		DFND		28,100	0	0
STAMPS.COM INC	Common Stock	852857200	603	18,971	SH		DFND		18,971	0	0
STANDARD PACIFIC CORP	Common Stock	85375C101	546	72,900	SH		DFND		72,900	0	0
STANLEY BLACK & DECKER INC	Common Stock	854502101	575	6,481	SH		DFND		6,481	0	0
STEVEN MADDEN LTD	Common Stock	556269108	564	17,489	SH		DFND		17,489	0	0
STRATTEC SECURITY CORP	Common Stock	863111100	578	7,100	SH		DFND		7,100	0	0
STURM RUGER & CO INC	Common Stock	864159108	569	11,696	SH		DFND		11,696	0	0
SUN HYDRAULICS CORP	Common Stock	866942105	576	15,332	SH		DFND		15,332	0	0
Sunoco Logistics LP MLP	Common Stock	86764L108	853	17,675	SH		DFND		17,675	0	0
SYNCHRONOSS TECHNOLOGIES INC	Common Stock	87157B103	627	13,699	SH		DFND		13,699	0	0
SYNTEL INC	Common Stock	87162H103	596	6,777	SH		DFND		6,777	0	0
T ROWE PRICE GROUP INC	Common Stock	74144T108	588	7,496	SH		DFND		7,496	0	0
TAIWAN SEMICONDUCTOR-SP ADR	Common Stock	874039100	808	40,063	SH		DFND		40,063	0	0
TAKE-TWO INTERACTIVE SOFTWRE	Common Stock	874054109	599	25,962	SH		DFND		25,962	0	0
TANGER FACTORY OUTLET CENTER	Common Stock	875465106	416	12,723	SH		DFND		12,723	0	0
Targa Res. Partners MLP	Common Stock	87611X105	909	12,559	SH		DFND		12,559	0	0
TARGA RESOURCES CORP	Common Stock	87612G101	3,859	28,336	SH		DFND		28,336	0	0
TARGA RESOURCES PARTNERS LP	Common Stock	87611X105	394,943	5,458,778	SH		DFND		5,458,778	0	0
TEAM HEALTH HOLDINGS INC	Common Stock	87817A107	577	9,957	SH		DFND		9,957	0	0
TECHNOLOGY SELECT SECT SPDR	ETF	81369Y803	14,942	374,383	SH		DFND		374,383	0	0
TECO ENERGY INC	Common Stock	872375100	17,039	980,395	SH		DFND		980,395	0	0
TENET HEALTHCARE CORP 6.25 11/1/2018	Common Stock	88033GBP4	11,778	11,046,000	SH		DFND		11,046,000	0	0
TENNECO INC	Common Stock	880349105	542	10,357	SH		DFND		10,357	0	0
TESORO LOGISTICS LP	Common Stock	88160T107	143,079	2,021,745	SH		DFND		2,021,745	0	0
TEXAS INSTRUMENTS INC	Common Stock	882508104	587	12,300	SH		DFND		12,300	0	0
TIME WARNER CABLE	Common Stock	88732J207	598	4,169	SH		DFND		4,169	0	0
TJX COMPANIES INC	Common Stock	872540109	628	10,614	SH		DFND		10,614	0	0
TORO CO	Common Stock	891092108	598	10,095	SH		DFND		10,095	0	0
TPG SPECIALTY LENDING INC	Common Stock	87265K102	570	35,600	SH		DFND		35,600	0	0
TRACTOR SUPPLY COMPANY	Common Stock	892356106	606	9,848	SH		DFND		9,848	0	0
TransCanada Corp. DL	Common Stock	89353D958	2,892	56,158	SH		DFND		56,158	0	0
TREX COMPANY INC	Common Stock	89531P105	557	16,100	SH		DFND		16,100	0	0
TRIANGLE CAPITAL CORP	Common Stock	895848109	570	22,503	SH		DFND		22,503	0	0
TRIANGLE PETROLEUM CORP	Common Stock	89600B201	560	50,900	SH		DFND		50,900	0	0
TRINITY INDUSTRIES INC	Common Stock	896522109	573	12,267	SH		DFND		12,267	0	0
TUMI HOLDINGS INC	Common Stock	89969Q104	594	29,200	SH		DFND		29,200	0	0
TYLER TECHNOLOGIES INC	Common Stock	902252105	592	6,700	SH		DFND		6,700	0	0
TYSON FOODS INC-CL A	Common Stock	902494103	610	15,498	SH		DFND		15,498	0	0
UBIQUITI NETWORKS INC	Common Stock	90347A100	503	13,391	SH		DFND		13,391	0	0
UDR INC	Common Stock	902653104	897	32,901	SH		DFND		32,901	0	0
ULTA SALON COSMETICS & FRAGR	Common Stock	90384S303	593	5,014	SH		DFND		5,014	0	0
UNDER ARMOUR INC-CLASS A	Common Stock	904311107	599	8,664	SH		DFND		8,664	0	0
UNION PACIFIC CORP	Common Stock	907818108	591	5,453	SH		DFND		5,453	0	0
UNITED MICROELECTRON-SP ADR	Common Stock	910873405	51	25,585	SH		DFND		25,585	0	0
UNITED RENTALS INC	Common Stock	911363109	561	5,046	SH		DFND		5,046	0	0
UNITED THERAPEUTICS CORP	Common Stock	91307C102	592	4,600	SH		DFND		4,600	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	635	7,359	SH		DFND		7,359	0	0
UNIVERSAL DISPLAY CORP	Common Stock	91347P105	539	16,505	SH		DFND		16,505	0	0
UNIVERSAL INSURANCE HOLDINGS	Common Stock	91359V107	590	45,635	SH		DFND		45,635	0	0
US SILICA HOLDINGS INC	Common Stock	90346E103	519	8,300	SH		DFND		8,300	0	0
USANA HEALTH SCIENCES INC	Common Stock	90328M107	605	8,213	SH		DFND		8,213	0	0
UTILITIES SELECT SECTOR SPDR	ETF	81369Y886	14,941	354,978	SH		DFND		354,978	0	0
VAALCO ENERGY INC	Common Stock	91851C201	542	63,800	SH		DFND		63,800	0	0
VALE SA-SP ADR	Common Stock	91912E105	702	63,774	SH		DFND		63,774	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	760	16,428	SH		DFND		16,428	0	0
VALSPAR CORP	Common Stock	920355104	587	7,428	SH		DFND		7,428	0	0
VANGUARD S&P 500 ETF	ETF	922908363	23,792	131,747	SH		DFND		131,747	0	0
VANTAGE DRILLING CO	Common Stock	G93205113	462	363,900	SH		DFND		363,900	0	0
VENTAS INC	Common Stock	92276F100	2,404	38,806	SH		DFND		38,806	0	0
VERA BRADLEY INC	Common Stock	92335C106	520	25,163	SH		DFND		25,163	0	0
VERIZON COMMUNICATIONS INC	Common Stock	92343V104	18,297	366,022	SH		DFND		366,022	0	0
Vgrd FTSE Emerge Mkt ETF	ETF	922042858	36,243	868,936	SH		DFND		868,936	0	0
Vgrd Mid-Cap Value ETF	ETF	922908512	9,689	114,125	SH		DFND		114,125	0	0
Vgrd MSCI EAFE ETF	ETF	921943858	75,945	1,910,560	SH		DFND		1,910,560	0	0
Vgrd REIT ETF	ETF	922908553	23,650	329,154	SH		DFND		329,154	0	0
Vgrd Short-Term Bond ETF	ETF	921937827	79,033	987,049	SH		DFND		987,049	0	0
Vgrd Small-Cap ETF	ETF	922908751	38,905	351,667	SH		DFND		351,667	0	0
Vgrd Total Bond Mkt ETF	ETF	921937835	91,044	1,111,239	SH		DFND		1,111,239	0	0
Vgrd Value ETF	ETF	922908744	3,049	37,550	SH		DFND		37,550	0	0
VIRTUS INVESTMENT PARTNERS	Common Stock	92828Q109	564	3,246	SH		DFND		3,246	0	0
VIRTUSA CORP	Common Stock	92827P102	605	17,000	SH		DFND		17,000	0	0
VORNADO REALTY TRUST	Common Stock	929042109	2,279	22,799	SH		DFND		22,799	0	0
WABCO HOLDINGS INC	Common Stock	92927K102	578	6,356	SH		DFND		6,356	0	0
WABTEC CORP	Common Stock	929740108	582	7,178	SH		DFND		7,178	0	0
WADDELL & REED FINANCIAL-A	Common Stock	930059100	570	11,022	SH		DFND		11,022	0	0
WAL-MART STORES INC	Common Stock	931142103	600	7,844	SH		DFND		7,844	0	0
WALT DISNEY CO/THE	Common Stock	254687106	631	7,093	SH		DFND		7,093	0	0
WARREN RESOURCES INC	Common Stock	93564A100	541	102,164	SH		DFND		102,164	0	0
WASTE MANAGEMENT INC	Common Stock	94106L109	17,356	365,156	SH		DFND		365,156	0	0
WEINGARTEN REALTY INVESTORS	Common Stock	948741103	456	14,482	SH		DFND		14,482	0	0
WELLS FARGO & CO	Common Stock	949746101	17,775	342,674	SH		DFND		342,674	0	0
WESTERN DIGITAL CORP	Common Stock	958102105	594	6,100	SH		DFND		6,100	0	0
WESTERN GAS PARTNERS LP	Common Stock	958254104	275,227	3,669,695	SH		DFND		3,669,695	0	0
WESTERN REFINING INC	Common Stock	959319104	577	13,749	SH		DFND		13,749	0	0
WESTLAKE CHEMICAL CORP	Common Stock	960413102	548	6,325	SH		DFND		6,325	0	0
WILLIAM LYON HOMES-CL A	Common Stock	552074700	524	23,700	SH		DFND		23,700	0	0
WILLIAMS COS INC	Common Stock	969457100	20,311	366,948	SH		DFND		366,948	0	0
WILLIAMS PARTNERS LP	Common Stock	96950F104	454,339	8,564,349	SH		DFND		8,564,349	0	0
WILLIAMS-SONOMA INC	Common Stock	969904101	585	8,785	SH		DFND		8,785	0	0
WINDSTREAM HOLDINGS INC	Common Stock	97382A101	16,641	1,543,668	SH		DFND		1,543,668	0	0
WINNEBAGO INDUSTRIES	Common Stock	974637100	518	23,800	SH		DFND		23,800	0	0
WINTRUST FINANCIAL CORP	Common Stock	97650W108	563	12,600	SH		DFND		12,600	0	0
WISDOMTREE INVESTMENTS INC	Common Stock	97717P104	571	50,151	SH		DFND		50,151	0	0
WORLD ACCEPTANCE CORP	Common Stock	981419104	551	8,170	SH		DFND		8,170	0	0
WR BERKLEY CORP	Common Stock	084423102	593	12,400	SH		DFND		12,400	0	0
WSFS FINANCIAL CORP	Common Stock	929328102	587	8,200	SH		DFND		8,200	0	0
WYNDHAM WORLDWIDE CORP	Common Stock	98310W108	642	7,900	SH		DFND		7,900	0	0
WYNN RESORTS LTD	Common Stock	983134107	658	3,518	SH		DFND		3,518	0	0
YAMANA GOLD INC	Common Stock	98462Y100	1,571	261,879	SH		DFND		261,879	0	0
ZUMIEZ INC	Common Stock	989817101	565	20,100	SH		DFND		20,100	0	0