Wbi Investments 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
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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
ABM INDS INC	COM	000957100	607	15,300	SH		DFND	1	0	15,300	0
ABBVIE INC	COM	00287Y109	1,320	20,930	SH		DFND	1	0	20,930	0
ABSOLUTE SHS TR	WBI TACTICAL SMG	00400R106	45,167	2,068,085	SH		SOLE		2,068,085	0	0
ABSOLUTE SHS TR	WBI TACTICAL SMV	00400R205	45,359	2,045,956	SH		SOLE		2,045,956	0	0
ABSOLUTE SHS TR	WBI TACTICAL SMY	00400R304	62,149	3,011,059	SH		SOLE		3,011,059	0	0
ABSOLUTE SHS TR	WBI TACTICAL SMS	00400R403	50,492	2,418,198	SH		SOLE		2,418,198	0	0
ABSOLUTE SHS TR	WBI LGCAP WBIE	00400R502	43,299	2,002,738	SH		SOLE		2,002,738	0	0
ABSOLUTE SHS TR	WBI TACTCL LCV	00400R601	43,623	1,995,561	SH		SOLE		1,995,561	0	0
ABSOLUTE SHS TR	WBI TACTICAL LCY	00400R700	60,102	3,012,620	SH		SOLE		3,012,620	0	0
ABSOLUTE SHS TR	WBI TACTICAL LCS	00400R809	48,992	2,286,157	SH		SOLE		2,286,157	0	0
ABSOLUTE SHS TR	WBI TACTL ROTN	00400R866	4,317	177,580	SH		SOLE		177,580	0	0
ABSOLUTE SHS TR	WBI TCT INC SH	00400R874	247,556	9,819,750	SH		SOLE		9,819,750	0	0
ABSOLUTE SHS TR	WBI TCT HG INC	00400R882	132,502	5,652,927	SH		SOLE		5,652,927	0	0
ALASKA AIR GROUP INC	COM	011659109	9,569	145,294	SH		DFND	1	0	145,294	0
ALLSTATE CORP	COM	020002101	6,942	100,350	SH		DFND	1	0	100,350	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	2,373	31,638	SH		DFND	1	0	31,638	0
AMERIPRISE FINL INC	COM	03076C106	15,168	152,030	SH		DFND	1	0	152,030	0
AMERIPRISE FINL INC	COM	03076C106	5,218	52,298	SH		SOLE		52,298	0	0
AMTRUST FINL SVCS INC	COM	032359309	2,281	85,017	SH		DFND	1	0	85,017	0
AMTRUST FINL SVCS INC	COM	032359309	111	4,153	SH		SOLE		4,153	0	0
ANALOG DEVICES INC	COM	032654105	1,417	21,992	SH		DFND	1	0	21,992	0
APOGEE ENTERPRISES INC	COM	037598109	2,589	57,940	SH		DFND	1	0	57,940	0
APPLIED MATLS INC	COM	038222105	2,009	66,617	SH		DFND	1	0	66,617	0
ARCHER DANIELS MIDLAND CO	COM	039483102	2,495	59,162	SH		DFND	1	0	59,162	0
ARCHER DANIELS MIDLAND CO	COM	039483102	2,576	61,097	SH		SOLE		61,097	0	0
AVERY DENNISON CORP	COM	053611109	9,905	127,327	SH		DFND	1	0	127,327	0
AVERY DENNISON CORP	COM	053611109	14,803	190,299	SH		SOLE		190,299	0	0
BB&T CORP	COM	054937107	1,929	51,153	SH		DFND	1	0	51,153	0
BWX TECHNOLOGIES INC	COM	05605h100	2,635	68,677	SH		DFND	1	0	68,677	0
BANK HAWAII CORP	COM	062540109	1,765	24,308	SH		DFND	1	0	24,308	0
BANK HAWAII CORP	COM	062540109	909	12,513	SH		SOLE		12,513	0	0
BECTON DICKINSON & CO	COM	075887109	1,650	9,182	SH		DFND	1	0	9,182	0
BLACKROCK INC	COM	09247X101	6,810	18,789	SH		DFND	1	0	18,789	0
BLOCK H & R INC	COM	093671105	3,656	157,909	SH		DFND	1	0	157,909	0
BLOCK H & R INC	COM	093671105	24,928	1,076,791	SH		SOLE		1,076,791	0	0
BOEING CO	COM	097023105	820	6,222	SH		SOLE		6,222	0	0
BORGWARNER INC	COM	099724106	3,399	96,611	SH		DFND	1	0	96,611	0
BOSTON PRIVATE FINL HLDGS IN	COM	101119105	1,070	83,424	SH		DFND	1	0	83,424	0
BOSTON PRIVATE FINL HLDGS IN	COM	101119105	370	28,848	SH		SOLE		28,848	0	0
BRADY CORP	CL A	104674106	658	19,011	SH		DFND	1	0	19,011	0
BRADY CORP	CL A	104674106	2,432	70,256	SH		SOLE		70,256	0	0
BRINKER INTL INC	COM	109641100	8,322	165,011	SH		DFND	1	0	165,011	0
BRINKER INTL INC	COM	109641100	19,229	381,307	SH		SOLE		381,307	0	0
BRINKS CO	COM	109696104	3,043	82,065	SH		DFND	1	0	82,065	0
CSG SYS INTL INC	COM	126349109	1,237	29,939	SH		DFND	1	0	29,939	0
CSG SYS INTL INC	COM	126349109	1,333	32,254	SH		SOLE		32,254	0	0
CA INC	COM	12673P105	1,356	41,005	SH		DFND	1	0	41,005	0
CABOT CORP	COM	127055101	5,913	112,821	SH		DFND	1	0	112,821	0
CABOT CORP	COM	127055101	2,716	51,816	SH		SOLE		51,816	0	0
CAPSTEAD MTG CORP	COM NO PAR	14067E506	366	38,788	SH		DFND	1	0	38,788	0
CAPSTEAD MTG CORP	COM NO PAR	14067E506	1	97	SH		SOLE		97	0	0
CENTRAL PAC FINL CORP	COM NEW	154760409	1,896	75,279	SH		DFND	1	0	75,279	0
CHEESECAKE FACTORY INC	COM	163072101	2,154	43,026	SH		DFND	1	0	43,026	0
CINEMARK HOLDINGS INC	COM	17243V102	8,150	212,914	SH		DFND	1	0	212,914	0
CINEMARK HOLDINGS INC	COM	17243V102	2,996	78,275	SH		SOLE		78,275	0	0
CISCO SYS INC	COM	17275r102	4,579	144,346	SH		DFND	1	0	144,346	0
CISCO SYS INC	COM	17275r102	599	18,884	SH		SOLE		18,884	0	0
CITIZENS FINL GROUP INC	COM	174610105	1,670	67,584	SH		DFND	1	0	67,584	0
CITY HLDG CO	COM	177835105	508	10,102	SH		DFND	1	0	10,102	0
CLARCOR INC	COM	179895107	2,228	34,274	SH		DFND	1	0	34,274	0
CLAYMORE EXCHANGE TRD FD TR	GUGG BULSH 2022	18383m258	7,809	360,706	SH		DFND	1	0	360,706	0
CLAYMORE EXCHANGE TRD FD TR	GUGG BULSH 2022	18383m258	17,059	787,967	SH		SOLE		787,967	0	0
COMCAST CORP NEW	CL A	20030n101	8,059	121,485	SH		DFND	1	0	121,485	0
COMCAST CORP NEW	CL A	20030n101	2,935	44,244	SH		SOLE		44,244	0	0
COMMERCE BANCSHARES INC	COM	200525103	707	14,351	SH		DFND	1	0	14,351	0
CONSTELLATION BRANDS INC	CL A	21036P108	647	3,888	SH		DFND	1	0	3,888	0
COOPER TIRE & RUBR CO	COM	216831107	2,119	55,728	SH		DFND	1	0	55,728	0
CRANE CO	COM	224399105	206	3,267	SH		SOLE		3,267	0	0
CRAWFORD & CO	CL A	224633206	96	10,745	SH		SOLE		10,745	0	0
CULLEN FROST BANKERS INC	COM	229899109	13,155	182,861	SH		SOLE		182,861	0	0
DANA INCORPORATED	COM	235825205	3,306	212,051	SH		DFND	1	0	212,051	0
DANA INCORPORATED	COM	235825205	229	14,698	SH		SOLE		14,698	0	0
DELUXE CORP	COM	248019101	3,285	49,169	SH		DFND	1	0	49,169	0
DELUXE CORP	COM	248019101	588	8,796	SH		SOLE		8,796	0	0
DICKS SPORTING GOODS INC	COM	253393102	1,892	33,364	SH		DFND	1	0	33,364	0
DOLBY LABORATORIES INC	COM	25659T107	2,230	41,076	SH		DFND	1	0	41,076	0
DU PONT E I DE NEMOURS & CO	COM	263534109	4,411	65,858	SH		DFND	1	0	65,858	0
DU PONT E I DE NEMOURS & CO	COM	263534109	17,258	257,704	SH		SOLE		257,704	0	0
DUNKIN BRANDS GROUP INC	COM	265504100	5,411	103,895	SH		DFND	1	0	103,895	0
DUNKIN BRANDS GROUP INC	COM	265504100	9,077	174,281	SH		SOLE		174,281	0	0
EMPLOYERS HOLDINGS INC	COM	292218104	894	29,985	SH		DFND	1	0	29,985	0
ENERSYS	COM	29275Y102	2,730	39,463	SH		DFND	1	0	39,463	0
ENERSYS	COM	29275Y102	92	1,327	SH		SOLE		1,327	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	600	19,200	SH		DFND	1	0	19,200	0
ENTERPRISE FINL SVCS CORP	COM	293712105	220	7,038	SH		SOLE		7,038	0	0
EQUIFAX INC	COM	294429105	2,789	20,723	SH		DFND	1	0	20,723	0
EVERCORE PARTNERS INC	CLASS A	29977A105	2,772	53,809	SH		DFND	1	0	53,809	0
EVERCORE PARTNERS INC	CLASS A	29977A105	5,672	110,114	SH		SOLE		110,114	0	0
EVERTEC INC	COM	30040P103	525	31,271	SH		DFND	1	0	31,271	0
EVERTEC INC	COM	30040P103	1,624	96,787	SH		SOLE		96,787	0	0
FEDEX CORP	COM	31428X106	534	3,059	SH		DFND	1	0	3,059	0
FINANCIAL INSTNS INC	COM	317585404	297	10,962	SH		SOLE		10,962	0	0
FIRST BUSEY CORP	COM NEW	319383204	581	25,730	SH		SOLE		25,730	0	0
FIRST FINL BANCORP OH	COM	320209109	296	13,568	SH		SOLE		13,568	0	0
FIRST FINL BANKSHARES	COM	32020R109	1,024	28,088	SH		DFND	1	0	28,088	0
FIRST FINL BANKSHARES	COM	32020R109	1,515	41,568	SH		SOLE		41,568	0	0
FIRST LONG IS CORP	COM	320734106	392	11,817	SH		SOLE		11,817	0	0
FIRST MERCHANTS CORP	COM	320817109	813	30,397	SH		DFND	1	0	30,397	0
FIRST MERCHANTS CORP	COM	320817109	323	12,088	SH		SOLE		12,088	0	0
FIRST TR EXCHANGE TRADED FD	CONSUMR STAPLE	33734x119	791	17,029	SH		DFND	1	0	17,029	0
FIRST TR EXCHANGE TRADED FD	UTILITIES ALPH	33734x184	464	17,885	SH		DFND	1	0	17,885	0
FIRST TR EXCHANGE TRADED FD	NO AMER ENERGY	33738d101	515	20,347	SH		DFND	1	0	20,347	0
FIRST TR EXCHANGE TRADED FD	NO AMER ENERGY	33738d101	19	748	SH		SOLE		748	0	0
FOOT LOCKER INC	COM	344849104	2,671	39,436	SH		DFND	1	0	39,436	0
FOOT LOCKER INC	COM	344849104	3	47	SH		SOLE		47	0	0
FORRESTER RESH INC	COM	346563109	495	12,715	SH		DFND	1	0	12,715	0
FRANKLIN RES INC	COM	354613101	2,003	56,310	SH		DFND	1	0	56,310	0
FRANKLIN RES INC	COM	354613101	911	25,616	SH		SOLE		25,616	0	0
GAMING & LEISURE PPTYS INC	COM	36467j108	4,318	129,084	SH		DFND	1	0	129,084	0
GAMING & LEISURE PPTYS INC	COM	36467j108	10,129	302,805	SH		SOLE		302,805	0	0
GENERAL MTRS CO	COM	37045V100	9,023	284,009	SH		DFND	1	0	284,009	0
GENERAL MTRS CO	COM	37045V100	29,821	938,658	SH		SOLE		938,658	0	0
GLACIER BANCORP INC NEW	COM	37637Q105	2,535	88,874	SH		SOLE		88,874	0	0
GLOBAL PMTS INC	COM	37940X102	1,412	18,398	SH		DFND	1	0	18,398	0
GREIF INC	CL A	397624107	3,388	68,317	SH		DFND	1	0	68,317	0
GREIF INC	CL A	397624107	3,496	70,503	SH		SOLE		70,503	0	0
HP INC	COM	40434l105	6,022	387,777	SH		DFND	1	0	387,777	0
HP INC	COM	40434l105	3,878	249,738	SH		SOLE		249,738	0	0
HEALTHSOUTH CORP	COM NEW	421924309	11,355	279,892	SH		DFND	1	0	279,892	0
HEALTHSOUTH CORP	COM NEW	421924309	911	22,451	SH		SOLE		22,451	0	0
HEALTHCARE RLTY TR	COM	421946104	1,843	54,113	SH		DFND	1	0	54,113	0
HENRY JACK & ASSOC INC	COM	426281101	10,699	125,060	SH		DFND	1	0	125,060	0
HENRY JACK & ASSOC INC	COM	426281101	354	4,138	SH		SOLE		4,138	0	0
HILLENBRAND INC	COM	431571108	1,287	40,691	SH		SOLE		40,691	0	0
HONEYWELL INTL INC	COM	438516106	1,898	16,282	SH		DFND	1	0	16,282	0
HUNT J B TRANS SVCS INC	COM	445658107	4,517	55,669	SH		DFND	1	0	55,669	0
IBERIABANK CORP	COM	450828108	1,331	19,824	SH		SOLE		19,824	0	0
IDEX CORP	COM	45167R104	1,307	13,971	SH		DFND	1	0	13,971	0
ILLINOIS TOOL WKS INC	COM	452308109	2,049	17,099	SH		DFND	1	0	17,099	0
ILLINOIS TOOL WKS INC	COM	452308109	332	2,767	SH		SOLE		2,767	0	0
INFINITY PPTY & CAS CORP	COM	45665Q103	1,233	14,924	SH		DFND	1	0	14,924	0
INGLES MKTS INC	CL A	457030104	428	10,830	SH		DFND	1	0	10,830	0
INNOSPEC INC	COM	45768S105	2,869	47,181	SH		DFND	1	0	47,181	0
INSTEEL INDUSTRIES INC	COM	45774W108	2,161	59,629	SH		DFND	1	0	59,629	0
INTEL CORP	COM	458140100	2,663	70,538	SH		SOLE		70,538	0	0
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	18,923	132,359	SH		DFND	1	0	132,359	0
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	2,290	16,016	SH		SOLE		16,016	0	0
INTL PAPER CO	COM	460146103	2,573	53,629	SH		DFND	1	0	53,629	0
INTL PAPER CO	COM	460146103	1,090	22,708	SH		SOLE		22,708	0	0
INTERVAL LEISURE GROUP INC	COM	46113M108	2,395	139,495	SH		DFND	1	0	139,495	0
INTERVAL LEISURE GROUP INC	COM	46113M108	3,306	192,569	SH		SOLE		192,569	0	0
INVESTORS BANCORP INC NEW	COM	46146L101	5,698	474,466	SH		DFND	1	0	474,466	0
ISHARES	MSCI EM ASIA ETF	464286426	839	14,609	SH		DFND	1	0	14,609	0
ISHARES	MSCI EM ASIA ETF	464286426	432	7,526	SH		SOLE		7,526	0	0
ISHARES TR	MRNGSTR LG-CP GR	464287119	297	2,434	SH		SOLE		2,434	0	0
ISHARES TR	TIPS BD ETF	464287176	24,349	209,026	SH		DFND	1	0	209,026	0
ISHARES TR	TIPS BD ETF	464287176	14,861	127,571	SH		SOLE		127,571	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	18,097	146,916	SH		SOLE		146,916	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	812	8,551	SH		DFND	1	0	8,551	0
ISHARES TR	20 YR TR BD ETF	464287432	27,633	200,956	SH		DFND	1	0	200,956	0
ISHARES TR	7-10 Y TR BD ETF	464287440	6,377	57,001	SH		SOLE		57,001	0	0
ISHARES TR	1-3 YR TR BD ETF	464287457	11,310	132,995	SH		DFND	1	0	132,995	0
ISHARES TR	RUS 1000 ETF	464287622	702	5,825	SH		DFND	1	0	5,825	0
ISHARES TR	RUS 1000 ETF	464287622	30	247	SH		SOLE		247	0	0
ISHARES TR	U.S. CNSM GD ETF	464287812	478	4,195	SH		DFND	1	0	4,195	0
ISHARES TR	INTL TREA BD ETF	464288117	19,825	197,440	SH		DFND	1	0	197,440	0
ISHARES TR	INTL TREA BD ETF	464288117	20,743	206,584	SH		SOLE		206,584	0	0
ISHARES TR	3YRTB ETF	464288125	687	8,270	SH		DFND	1	0	8,270	0
ISHARES TR	MSCI AC ASIA ETF	464288182	382	6,310	SH		DFND	1	0	6,310	0
ISHARES TR	MSCI AC ASIA ETF	464288182	13	223	SH		SOLE		223	0	0
ISHARES TR	GLB INFRASTR ETF	464288372	816	19,640	SH		DFND	1	0	19,640	0
ISHARES TR	GLB INFRASTR ETF	464288372	287	6,911	SH		SOLE		6,911	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	20,879	239,275	SH		DFND	1	0	239,275	0
ISHARES TR	IBOXX HI YD ETF	464288513	77,837	892,009	SH		SOLE		892,009	0	0
ISHARES TR	MBS ETF	464288588	17,212	156,346	SH		SOLE		156,346	0	0
ISHARES TR	CORE US CR BD	464288620	23,203	203,876	SH		DFND	1	0	203,876	0
ISHARES TR	INTERM CR BD ETF	464288638	407	3,653	SH		SOLE		3,653	0	0
ISHARES TR	10-20 YR TRS ETF	464288653	42,797	295,521	SH		DFND	1	0	295,521	0
ISHARES TR	10-20 YR TRS ETF	464288653	7,973	55,053	SH		SOLE		55,053	0	0
ISHARES TR	3-7 YR TR BD ETF	464288661	950	7,507	SH		SOLE		7,507	0	0
ISHARES TR	U.S. PFD STK ETF	464288687	38,051	963,328	SH		DFND	1	0	963,328	0
ISHARES TR	U.S. PFD STK ETF	464288687	44,539	1,127,573	SH		SOLE		1,127,573	0	0
JOHNSON & JOHNSON	COM	478160104	2,556	21,637	SH		DFND	1	0	21,637	0
JOHNSON & JOHNSON	COM	478160104	1	7	SH		SOLE		7	0	0
J2 GLOBAL INC	COM	48123V102	4,606	69,152	SH		DFND	1	0	69,152	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	2,399	126,797	SH		DFND	1	0	126,797	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,005	53,102	SH		SOLE		53,102	0	0
KEYCORP NEW	COM	493267108	17,395	1,429,372	SH		DFND	1	0	1,429,372	0
KEYCORP NEW	COM	493267108	17,648	1,450,127	SH		SOLE		1,450,127	0	0
KFORCE INC	COM	493732101	1,215	59,276	SH		DFND	1	0	59,276	0
KINDRED HEALTHCARE INC	COM	494580103	1,535	150,191	SH		DFND	1	0	150,191	0
KINDRED HEALTHCARE INC	COM	494580103	2,330	228,009	SH		SOLE		228,009	0	0
KOHLS CORP	COM	500255104	3,344	76,430	SH		DFND	1	0	76,430	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	7,768	51,537	SH		DFND	1	0	51,537	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	193	1,278	SH		SOLE		1,278	0	0
LAKELAND FINL CORP	COM	511656100	981	27,693	SH		DFND	1	0	27,693	0
LAM RESEARCH CORP	COM	512807108	3,918	41,372	SH		DFND	1	0	41,372	0
LANCASTER COLONY CORP	COM	513847103	6,624	50,146	SH		DFND	1	0	50,146	0
LEGACY TEX FINL GROUP INC	COM	52471y106	1,575	49,788	SH		SOLE		49,788	0	0
LINCOLN NATL CORP IND	COM	534187109	26,301	559,836	SH		DFND	1	0	559,836	0
LINCOLN NATL CORP IND	COM	534187109	8,960	190,717	SH		SOLE		190,717	0	0
LITHIA MTRS INC	CL A	536797103	2,723	28,504	SH		DFND	1	0	28,504	0
LOCKHEED MARTIN CORP	COM	539830109	4,444	18,537	SH		DFND	1	0	18,537	0
MDU RES GROUP INC	COM	552690109	1,593	62,616	SH		DFND	1	0	62,616	0
MDU RES GROUP INC	COM	552690109	9,004	353,946	SH		SOLE		353,946	0	0
MSC INDL DIRECT INC	CL A	553530106	4,569	62,237	SH		DFND	1	0	62,237	0
MSC INDL DIRECT INC	CL A	553530106	10,374	141,311	SH		SOLE		141,311	0	0
MANPOWERGROUP INC	COM	56418H100	2,188	30,285	SH		SOLE		30,285	0	0
MANTECH INTL CORP	CL A	564563104	2,530	67,129	SH		DFND	1	0	67,129	0
MARKETAXESS HLDGS INC	COM	57060D108	293	1,768	SH		DFND	1	0	1,768	0
MARSH & MCLENNAN COS INC	COM	571748102	4,439	66,014	SH		DFND	1	0	66,014	0
MARSH & MCLENNAN COS INC	COM	571748102	2,024	30,095	SH		SOLE		30,095	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	2,549	25,507	SH		DFND	1	0	25,507	0
MCGRATH RENTCORP	COM	580589109	970	30,592	SH		DFND	1	0	30,592	0
MEDIFAST INC	COM	58470H101	656	17,367	SH		SOLE		17,367	0	0
MEREDITH CORP	COM	589433101	815	15,685	SH		DFND	1	0	15,685	0
MICROCHIP TECHNOLOGY INC	COM	595017104	5,529	88,984	SH		DFND	1	0	88,984	0
MORGAN STANLEY	COM NEW	617446448	1,455	45,385	SH		DFND	1	0	45,385	0
MORGAN STANLEY	COM NEW	617446448	546	17,024	SH		SOLE		17,024	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	1,233	16,160	SH		SOLE		16,160	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	309	24,594	SH		SOLE		24,594	0	0
NIC INC	COM	62914B100	1,026	43,657	SH		DFND	1	0	43,657	0
NEWS CORP NEW	CL A	65249B109	3,774	269,959	SH		DFND	1	0	269,959	0
NEWS CORP NEW	CL A	65249B109	2,972	212,600	SH		SOLE		212,600	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	3,043	52,737	SH		DFND	1	0	52,737	0
NORDSON CORP	COM	655663102	4,203	42,191	SH		DFND	1	0	42,191	0
NORTHROP GRUMMAN CORP	COM	666807102	3,135	14,653	SH		DFND	1	0	14,653	0
NORTHROP GRUMMAN CORP	COM	666807102	608	2,842	SH		SOLE		2,842	0	0
NORTHWEST BANCSHARES INC MD	COM	667340103	882	56,130	SH		DFND	1	0	56,130	0
OGE ENERGY CORP	COM	670837103	1,107	35,023	SH		SOLE		35,023	0	0
OCEANFIRST FINL CORP	COM	675234108	482	25,016	SH		SOLE		25,016	0	0
OMNICOM GROUP INC	COM	681919106	11,918	140,213	SH		DFND	1	0	140,213	0
OMNICOM GROUP INC	COM	681919106	20,710	243,649	SH		SOLE		243,649	0	0
ONE GAS INC	COM	68235P108	1,182	19,119	SH		DFND	1	0	19,119	0
ONE GAS INC	COM	68235P108	1	17	SH		SOLE		17	0	0
PACCAR INC	COM	693718108	2,015	34,281	SH		DFND	1	0	34,281	0
PACKAGING CORP AMER	COM	695156109	18,247	224,545	SH		DFND	1	0	224,545	0
PACKAGING CORP AMER	COM	695156109	1,991	24,504	SH		SOLE		24,504	0	0
PARK NATL CORP	COM	700658107	683	7,111	SH		SOLE		7,111	0	0
PARKER HANNIFIN CORP	COM	701094104	6,702	53,391	SH		DFND	1	0	53,391	0
PARKER HANNIFIN CORP	COM	701094104	5,083	40,492	SH		SOLE		40,492	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959w103	2,508	52,051	SH		DFND	1	0	52,051	0
PENSKE AUTOMOTIVE GRP INC	COM	70959w103	4,057	84,200	SH		SOLE		84,200	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	10,975	693,734	SH		SOLE		693,734	0	0
PERKINELMER INC	COM	714046109	2,746	48,944	SH		DFND	1	0	48,944	0
PETMED EXPRESS INC	COM	716382106	592	29,211	SH		DFND	1	0	29,211	0
PETMED EXPRESS INC	COM	716382106	1,020	50,319	SH		SOLE		50,319	0	0
PIMCO ETF TR	15+ YR US TIPS	72201r304	777	10,900	SH		DFND	1	0	10,900	0
PIMCO ETF TR	TTL RTN ACTV ETF	72201r775	13,834	128,153	SH		DFND	1	0	128,153	0
PIMCO ETF TR	TTL RTN ACTV ETF	72201r775	864	8,003	SH		SOLE		8,003	0	0
PIMCO ETF TR	INV GRD CRP BD	72201r817	10,422	97,642	SH		DFND	1	0	97,642	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	1,395	25,795	SH		DFND	1	0	25,795	0
POWELL INDS INC	COM	739128106	621	15,514	SH		DFND	1	0	15,514	0
POWELL INDS INC	COM	739128106	342	8,528	SH		SOLE		8,528	0	0
POWERSHARES ETF TRUST	FINL PFD PTFL	73935x229	539	28,300	SH		DFND	1	0	28,300	0
POWERSHARES ETF TRUST	FINL PFD PTFL	73935x229	1,310	68,760	SH		SOLE		68,760	0	0
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936t557	4,143	219,576	SH		DFND	1	0	219,576	0
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936t557	11,729	621,550	SH		SOLE		621,550	0	0
POWERSHARES ETF TR II	PFD PORTFOLIO	73936t565	809	53,497	SH		DFND	1	0	53,497	0
POWERSHARES ETF TR II	PFD PORTFOLIO	73936t565	1,873	123,764	SH		SOLE		123,764	0	0
PRIMERICA INC	COM	74164M108	1,795	33,840	SH		DFND	1	0	33,840	0
PROSPECT CAPITAL CORPORATION	COM	74348T102	642	79,263	SH		DFND	1	0	79,263	0
PROSPECT CAPITAL CORPORATION	COM	74348T102	149	18,400	SH		SOLE		18,400	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	6,428	75,950	SH		DFND	1	0	75,950	0
QUEST DIAGNOSTICS INC	COM	74834L100	1	10	SH		SOLE		10	0	0
RLJ LODGING TR	COM	74965L101	3,578	170,116	SH		DFND	1	0	170,116	0
RLJ LODGING TR	COM	74965L101	181	8,617	SH		SOLE		8,617	0	0
RPM INTL INC	COM	749685103	1,751	32,595	SH		SOLE		32,595	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	2,663	45,756	SH		DFND	1	0	45,756	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	1,368	23,493	SH		SOLE		23,493	0	0
RE MAX HLDGS INC	CL A	75524w108	1,394	31,831	SH		DFND	1	0	31,831	0
REGIONS FINL CORP NEW	COM	7591EP100	20,284	2,055,118	SH		DFND	1	0	2,055,118	0
REGIONS FINL CORP NEW	COM	7591EP100	19,464	1,971,989	SH		SOLE		1,971,989	0	0
REINSURANCE GROUP AMER INC	COM NEW	759351604	4,731	43,829	SH		DFND	1	0	43,829	0
REINSURANCE GROUP AMER INC	COM NEW	759351604	1,550	14,361	SH		SOLE		14,361	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	486	6,745	SH		DFND	1	0	6,745	0
RENASANT CORP	COM	75970E107	2,158	64,158	SH		DFND	1	0	64,158	0
REXFORD INDL RLTY INC	COM	76169C100	2,483	108,467	SH		DFND	1	0	108,467	0
ROLLINS INC	COM	775711104	1,920	65,565	SH		DFND	1	0	65,565	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355w304	307	5,811	SH		SOLE		5,811	0	0
RYDEX ETF TRUST	GUG S&P SC600 PV	78355w700	329	5,235	SH		SOLE		5,235	0	0
RYDEX ETF TRUST	GUG S&P500 EWCON	78355w874	293	2,397	SH		SOLE		2,397	0	0
SPDR INDEX SHS FDS	ASIA PACIF ETF	78463x301	840	10,186	SH		DFND	1	0	10,186	0
SPDR INDEX SHS FDS	ASIA PACIF ETF	78463x301	31	375	SH		SOLE		375	0	0
SPDR SERIES TRUST	BRC HGH YLD BD	78464a417	3,575	97,359	SH		DFND	1	0	97,359	0
SPDR SERIES TRUST	BRCLYS INTL ETF	78464a516	26,720	926,488	SH		DFND	1	0	926,488	0
SPDR SERIES TRUST	BRCLYS INTL ETF	78464a516	1,283	44,481	SH		SOLE		44,481	0	0
SPDR SERIES TRUST	BRCLYS AGG ETF	78464a649	1,835	30,978	SH		SOLE		30,978	0	0
SPDR SER TR	SHRT TRSRY ETF	78468r101	3,532	115,622	SH		DFND	1	0	115,622	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,321	52,481	SH		DFND	1	0	52,481	0
SCHULMAN A INC	COM	808194104	1,288	44,241	SH		DFND	1	0	44,241	0
SCHULMAN A INC	COM	808194104	1,659	56,970	SH		SOLE		56,970	0	0
SCIENCE APPLICATNS INTL CP N	COM	808625107	2,895	41,733	SH		DFND	1	0	41,733	0
SCIENCE APPLICATNS INTL CP N	COM	808625107	2,691	38,797	SH		SOLE		38,797	0	0
SCRIPPS NETWORKS INTERACT IN	CL A COM	811065101	5,971	94,053	SH		DFND	1	0	94,053	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369y100	204	4,279	SH		SOLE		4,279	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	593	22,040	SH		DFND	1	0	22,040	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	2,196	81,626	SH		SOLE		81,626	0	0
SELECTIVE INS GROUP INC	COM	816300107	3,098	77,726	SH		DFND	1	0	77,726	0
SELECTIVE INS GROUP INC	COM	816300107	176	4,405	SH		SOLE		4,405	0	0
SIMPSON MANUFACTURING CO INC	COM	829073105	881	20,052	SH		DFND	1	0	20,052	0
SPARTANNASH CO	COM	847215100	1,389	48,025	SH		DFND	1	0	48,025	0
SPARTANNASH CO	COM	847215100	1	30	SH		SOLE		30	0	0
SPECTRUM BRANDS HLDGS INC	COM	84763R101	3,631	26,369	SH		DFND	1	0	26,369	0
STANLEY BLACK & DECKER INC	COM	854502101	9,320	75,786	SH		DFND	1	0	75,786	0
STANLEY BLACK & DECKER INC	COM	854502101	4,722	38,400	SH		SOLE		38,400	0	0
STATE STR CORP	COM	857477103	1,234	17,719	SH		DFND	1	0	17,719	0
STATE STR CORP	COM	857477103	913	13,109	SH		SOLE		13,109	0	0
STEEL DYNAMICS INC	COM	858119100	1,479	59,195	SH		DFND	1	0	59,195	0
STEEL DYNAMICS INC	COM	858119100	521	20,861	SH		SOLE		20,861	0	0
SUPERIOR INDS INTL INC	COM	868168105	1,374	47,123	SH		DFND	1	0	47,123	0
SUPERIOR INDS INTL INC	COM	868168105	1,065	36,537	SH		SOLE		36,537	0	0
TCF FINL CORP	COM	872275102	567	39,088	SH		DFND	1	0	39,088	0
TCF FINL CORP	COM	872275102	6,798	468,534	SH		SOLE		468,534	0	0
TETRA TECH INC NEW	COM	88162G103	295	8,307	SH		SOLE		8,307	0	0
TESSERA TECHNOLOGIES INC	COM	88164L100	3,047	79,267	SH		DFND	1	0	79,267	0
TESSERA TECHNOLOGIES INC	COM	88164L100	1	14	SH		SOLE		14	0	0
TEXAS INSTRS INC	COM	882508104	1,799	25,638	SH		DFND	1	0	25,638	0
TEXAS INSTRS INC	COM	882508104	5,449	77,649	SH		SOLE		77,649	0	0
3M CO	COM	88579Y101	2,578	14,629	SH		DFND	1	0	14,629	0
3M CO	COM	88579Y101	1	7	SH		SOLE		7	0	0
TIME WARNER INC	COM NEW	887317303	5,035	63,244	SH		DFND	1	0	63,244	0
TIME WARNER INC	COM NEW	887317303	1,748	21,954	SH		SOLE		21,954	0	0
TOMPKINS FINANCIAL CORPORATI	COM	890110109	913	11,944	SH		DFND	1	0	11,944	0
TORCHMARK CORP	COM	891027104	1,290	20,193	SH		DFND	1	0	20,193	0
TOWNEBANK PORTSMOUTH VA	COM	89214P109	776	32,313	SH		DFND	1	0	32,313	0
UBS AG JERSEY BRH	LONG PLATN ETN18	902641786	795	72,251	SH		DFND	1	0	72,251	0
UBS AG JERSEY BRH	LONG PLATN ETN18	902641786	434	39,434	SH		SOLE		39,434	0	0
U S PHYSICAL THERAPY INC	COM	90337L108	2,367	37,747	SH		DFND	1	0	37,747	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,899	17,361	SH		DFND	1	0	17,361	0
UNITEDHEALTH GROUP INC	COM	91324p102	4,684	33,455	SH		DFND	1	0	33,455	0
UNITEDHEALTH GROUP INC	COM	91324p102	3,219	22,994	SH		SOLE		22,994	0	0
VAIL RESORTS INC	COM	91879Q109	635	4,049	SH		SOLE		4,049	0	0
VANECK VECTORS ETF TR	EMERGING MKTS HI	92189F353	22,323	904,482	SH		SOLE		904,482	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM GOV	92206c706	6,970	104,377	SH		SOLE		104,377	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206c771	29,416	545,143	SH		DFND	1	0	545,143	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206c771	6,534	121,093	SH		SOLE		121,093	0	0
VANGUARD SCOTTSDALE FDS	LG-TERM COR BD	92206c813	57,878	604,789	SH		DFND	1	0	604,789	0
VANGUARD SCOTTSDALE FDS	LG-TERM COR BD	92206c813	67,467	704,984	SH		SOLE		704,984	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206c870	12,798	142,863	SH		DFND	1	0	142,863	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206c870	5,301	59,179	SH		SOLE		59,179	0	0
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	312	3,339	SH		SOLE		3,339	0	0
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	307	2,882	SH		SOLE		2,882	0	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	787	5,974	SH		DFND	1	0	5,974	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	321	2,433	SH		SOLE		2,433	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	3,473	246,470	SH		DFND	1	0	246,470	0
WEC ENERGY GROUP INC	COM	92939u106	5,882	98,228	SH		DFND	1	0	98,228	0
WEC ENERGY GROUP INC	COM	92939u106	14,669	244,976	SH		SOLE		244,976	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,225	15,197	SH		DFND	1	0	15,197	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1	9	SH		SOLE		9	0	0
WASHINGTON FED INC	COM	938824109	5,637	211,265	SH		DFND	1	0	211,265	0
WASTE MGMT INC DEL	COM	94106L109	3,316	52,008	SH		DFND	1	0	52,008	0
WASTE MGMT INC DEL	COM	94106L109	5	71	SH		SOLE		71	0	0
WEBSTER FINL CORP CONN	COM	947890109	4,912	129,233	SH		DFND	1	0	129,233	0
WEBSTER FINL CORP CONN	COM	947890109	6,237	164,092	SH		SOLE		164,092	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	2,273	58,324	SH		DFND	1	0	58,324	0
WESTERN REFNG INC	COM	959319104	3,413	129,003	SH		DFND	1	0	129,003	0
WESTERN UN CO	COM	959802109	10,127	486,389	SH		SOLE		486,389	0	0
WILLIAMS SONOMA INC	COM	969904101	6,391	125,123	SH		DFND	1	0	125,123	0
WILLIAMS SONOMA INC	COM	969904101	2,612	51,132	SH		SOLE		51,132	0	0
WINNEBAGO INDS INC	COM	974637100	666	28,241	SH		DFND	1	0	28,241	0
WINTRUST FINL CORP	COM	97650W108	846	15,233	SH		DFND	1	0	15,233	0
WOODWARD INC	COM	980745103	1,065	17,042	SH		DFND	1	0	17,042	0
XILINX INC	COM	983919101	9,079	167,075	SH		DFND	1	0	167,075	0
XILINX INC	COM	983919101	18,673	343,626	SH		SOLE		343,626	0	0
XYLEM INC	COM	98419M100	3,778	72,033	SH		DFND	1	0	72,033	0
ZOETIS INC	CL A	98978V103	1,986	38,191	SH		DFND	1	0	38,191	0
AMDOCS LTD	SHS	G02602103	4,012	69,349	SH		DFND	1	0	69,349	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	2,001	16,376	SH		DFND	1	0	16,376	0
CREDICORP LTD	COM	g2519y108	3,800	24,961	SH		DFND	1	0	24,961	0
COSAN LTD	SHS A	G25343107	2,718	380,144	SH		DFND	1	0	380,144	0
INVESCO LTD	SHS	G491BT108	15,525	496,475	SH		SOLE		496,475	0	0
NIELSEN HLDGS PLC	SHS EUR	g6518l108	8,258	154,152	SH		DFND	1	0	154,152	0
NIELSEN HLDGS PLC	SHS EUR	g6518l108	2,133	39,810	SH		SOLE		39,810	0	0
TRAVELPORT WORLDWIDE LTD	SHS	g9019d104	1,123	74,717	SH		DFND	1	0	74,717	0
TRAVELPORT WORLDWIDE LTD	SHS	g9019d104	345	22,972	SH		SOLE		22,972	0	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	3,796	93,910	SH		SOLE		93,910	0	0
CHUBB LIMITED	COM	h1467j104	3,438	27,364	SH		DFND	1	0	27,364	0
TE CONNECTIVITY LTD	REG SHS	h84989104	9,403	146,053	SH		DFND	1	0	146,053	0
TE CONNECTIVITY LTD	REG SHS	h84989104	10,752	167,004	SH		SOLE		167,004	0	0
TRINSEO S A	SHS	l9340p101	1,641	29,015	SH		DFND	1	0	29,015	0
TRINSEO S A	SHS	l9340p101	135	2,385	SH		SOLE		2,385	0	0
BROADCOM LTD	SHS	y09827109	242	1,402	SH		DFND	1	0	1,402	0