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 |
BUNGE LIMITED | COM | G16962105 | 59 | 782 | SH | | DFND | 1, 2 | 782 | 0 | 0 |
WARNER CHILCOTT PLC IRELAND | SHS A | G94368100 | 680 | 29,767 | SH | | DFND | 1, 2 | 29,767 | 0 | 0 |
PENTAIR LTD | SHS | H6169Q108 | 630 | 9,697 | SH | | DFND | 1, 2 | 9,697 | 0 | 0 |
ADECOAGRO S A | COM | L00849106 | 445 | 60,073 | SH | | DFND | 1, 2 | 60,073 | 0 | 0 |
OCEAN RIG UDW INC | SHS | Y64354205 | 31 | 1,716 | SH | | DFND | 1, 2 | 1,716 | 0 | 0 |
AG MTG INVT TR INC | COM | 1228105 | 263 | 15,797 | SH | | DFND | 1, 2 | 15,797 | 0 | 0 |
ACADIA RLTY TR | COM SH BEN INT | 4239109 | 771 | 31,222 | SH | | DFND | 1, 2 | 31,222 | 0 | 0 |
ALCOA INC | COM | 13817101 | 290 | 35,765 | SH | | DFND | 1, 2 | 35,765 | 0 | 0 |
ALON USA ENERGY INC | COM | 20520102 | 8 | 830 | SH | | DFND | 1, 2 | 830 | 0 | 0 |
ALON USA PARTNERS LP | UT LTDPART INT | 02052T109 | 4 | 300 | SH | | DFND | 1, 2 | 300 | 0 | 0 |
ALPHA NATURAL RESOURCES INC | COM | 02076X102 | 380 | 63,833 | SH | | DFND | 1, 2 | 63,833 | 0 | 0 |
AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 321 | 18,214 | SH | | DFND | 1, 2 | 18,214 | 0 | 0 |
AMERICAN VANGUARD CORP | COM | 30371108 | 556 | 20,672 | SH | | DFND | 1, 2 | 20,672 | 0 | 0 |
AMERICAN WTR WKS CO INC NEW | COM | 30420103 | 349 | 8,457 | SH | | DFND | 1, 2 | 8,457 | 0 | 0 |
ANADARKO PETE CORP | COM | 32511107 | 33 | 350 | SH | | DFND | 1, 2 | 350 | 0 | 0 |
ANWORTH MORTGAGE ASSET CP | COM | 37347101 | 389 | 80,584 | SH | | DFND | 1, 2 | 80,584 | 0 | 0 |
APACHE CORP | COM | 37411105 | 24 | 277 | SH | | DFND | 1, 2 | 277 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COM | 03762U105 | 319 | 20,901 | SH | | DFND | 1, 2 | 20,901 | 0 | 0 |
AQUA AMERICA INC | COM | 03836W103 | 205 | 8,305 | SH | | DFND | 1, 2 | 8,305 | 0 | 0 |
ARBOR RLTY TR INC | COM | 38923108 | 147 | 21,753 | SH | | DFND | 1, 2 | 21,753 | 0 | 0 |
ARCH COAL INC | COM | 39380100 | 251 | 61,075 | SH | | DFND | 1, 2 | 61,075 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 39483102 | 122 | 3,301 | SH | | DFND | 1, 2 | 3,301 | 0 | 0 |
ARES COML REAL ESTATE CORP | COM | 04013V108 | 191 | 15,364 | SH | | DFND | 1, 2 | 15,364 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 42315101 | 878 | 209,105 | SH | | DFND | 1, 2 | 209,105 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 44103109 | 528 | 42,820 | SH | | DFND | 1, 2 | 42,820 | 0 | 0 |
ASSOCIATED ESTATES RLTY CORP | COM | 45604105 | 393 | 26,336 | SH | | DFND | 1, 2 | 26,336 | 0 | 0 |
AVIV REIT INC MD | COM | 05381L101 | 198 | 8,675 | SH | | DFND | 1, 2 | 8,675 | 0 | 0 |
BPZ RESOURCES INC | COM | 55639108 | 7 | 3,448 | SH | | DFND | 1, 2 | 3,448 | 0 | 0 |
BRE PROPERTIES INC | CL A | 05564E106 | 129 | 2,537 | SH | | DFND | 1, 2 | 2,537 | 0 | 0 |
BARCLAYS BK PLC | DJUBS CMDT ETN36 | 06738C778 | 642 | 17,243 | SH | | DFND | 1, 2 | 17,243 | 0 | 0 |
BELO CORP | COM SER A | 80555105 | 143 | 10,420 | SH | | DFND | 1, 2 | 10,420 | 0 | 0 |
BERRY PETE CO | CL A | 85789105 | 210 | 4,876 | SH | | DFND | 1, 2 | 4,876 | 0 | 0 |
BONANZA CREEK ENERGY INC | COM | 97793103 | 53 | 1,092 | SH | | DFND | 1, 2 | 1,092 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 1,160 | 88,005 | SH | | DFND | 1, 2 | 88,005 | 0 | 0 |
CVR ENERGY INC | COM | 12662P108 | 21 | 557 | SH | | DFND | 1, 2 | 557 | 0 | 0 |
CVR PARTNERS LP | COM | 126633106 | 498 | 28,128 | SH | | DFND | 1, 2 | 28,128 | 0 | 0 |
CAMPUS CREST CMNTYS INC | COM | 13466Y105 | 392 | 36,326 | SH | | DFND | 1, 2 | 36,326 | 0 | 0 |
CAPLEASE INC | COM | 140288101 | 414 | 48,761 | SH | | DFND | 1, 2 | 48,761 | 0 | 0 |
CAPITALSOURCE INC | COM | 14055X102 | 208 | 17,517 | SH | | DFND | 1, 2 | 17,517 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 192 | 37,010 | SH | | DFND | 1, 2 | 37,010 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 165 | 1,362 | SH | | DFND | 1, 2 | 1,362 | 0 | 0 |
CHIQUITA BRANDS INTL INC | COM | 170032809 | 453 | 35,805 | SH | | DFND | 1, 2 | 35,805 | 0 | 0 |
CLIFFS NAT RES INC | COM | 18683K101 | 94 | 4,581 | SH | | DFND | 1, 2 | 4,581 | 0 | 0 |
COEUR MNG INC | COM NEW | 192108504 | 129 | 10,720 | SH | | DFND | 1, 2 | 10,720 | 0 | 0 |
COLONIAL PPTYS TR | COM SH BEN INT | 195872106 | 293 | 13,041 | SH | | DFND | 1, 2 | 13,041 | 0 | 0 |
COLONY FINL INC | COM | 19624R106 | 741 | 37,071 | SH | | DFND | 1, 2 | 37,071 | 0 | 0 |
COMMONWEALTH REIT | COM SH BEN INT | 203233101 | 1,772 | 80,886 | SH | | DFND | 1, 2 | 80,886 | 0 | 0 |
CONAGRA FOODS INC | COM | 205887102 | 62 | 2,031 | SH | | DFND | 1, 2 | 2,031 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 60 | 863 | SH | | DFND | 1, 2 | 863 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 2,181 | 64,823 | SH | | DFND | 1, 2 | 64,823 | 0 | 0 |
COOPER TIRE & RUBR CO | COM | 216831107 | 399 | 12,942 | SH | | DFND | 1, 2 | 12,942 | 0 | 0 |
COUSINS PPTYS INC | COM | 222795106 | 1,039 | 100,942 | SH | | DFND | 1, 2 | 100,942 | 0 | 0 |
CREDIT SUISSE NASSAU BRH | INVRS VIX MDTERM | 22542D829 | 207 | 6,260 | SH | | DFND | 1, 2 | 6,260 | 0 | 0 |
CUBESMART | COM | 229663109 | 1,254 | 70,286 | SH | | DFND | 1, 2 | 70,286 | 0 | 0 |
CURRENCYSHS JAPANESE YEN TR | JAPANESE YEN | 23130A102 | 2,058 | 20,693 | SH | | DFND | 1, 2 | 20,693 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 2,871 | 21,448 | SH | | DFND | 1, 2 | 21,448 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 207 | 10,889 | SH | | DFND | 1, 2 | 10,889 | 0 | 0 |
DCT INDUSTRIAL TRUST INC | COM | 233153105 | 1,282 | 178,356 | SH | | DFND | 1, 2 | 178,356 | 0 | 0 |
DELL INC | COM | 24702R101 | 1,230 | 89,338 | SH | | DFND | 1, 2 | 89,338 | 0 | 0 |
DOLE FOOD CO INC NEW | COM | 256603101 | 755 | 55,418 | SH | | DFND | 1, 2 | 55,418 | 0 | 0 |
DOMTAR CORP | COM NEW | 257559203 | 867 | 10,917 | SH | | DFND | 1, 2 | 10,917 | 0 | 0 |
DYNEX CAP INC | COM NEW | 26817Q506 | 256 | 29,229 | SH | | DFND | 1, 2 | 29,229 | 0 | 0 |
EOG RES INC | COM | 26875P101 | 32 | 191 | SH | | DFND | 1, 2 | 191 | 0 | 0 |
EDUCATION RLTY TR INC | COM | 28140H104 | 591 | 64,995 | SH | | DFND | 1, 2 | 64,995 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 269 | 3,130 | SH | | DFND | 1, 2 | 3,130 | 0 | 0 |
FELCOR LODGING TR INC | COM | 31430F101 | 388 | 62,907 | SH | | DFND | 1, 2 | 62,907 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 990 | 60,823 | SH | | DFND | 1, 2 | 60,823 | 0 | 0 |
FIRST POTOMAC RLTY TR | COM | 33610F109 | 410 | 32,591 | SH | | DFND | 1, 2 | 32,591 | 0 | 0 |
FLOWERS FOODS INC | COM | 343498101 | 22 | 1,025 | SH | | DFND | 1, 2 | 1,025 | 0 | 0 |
FLOWSERVE CORP | COM | 34354P105 | 412 | 6,604 | SH | | DFND | 1, 2 | 6,604 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 659 | 51,737 | SH | | DFND | 1, 2 | 51,737 | 0 | 0 |
FREEPORT-MCMORAN COPPER & GO | COM | 35671D857 | 1,057 | 31,952 | SH | | DFND | 1, 2 | 31,952 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 156 | 3,265 | SH | | DFND | 1, 2 | 3,265 | 0 | 0 |
GLIMCHER RLTY TR | SH BEN INT | 379302102 | 790 | 81,004 | SH | | DFND | 1, 2 | 81,004 | 0 | 0 |
GLOBECOMM SYSTEMS INC | COM | 37956X103 | 84 | 6,015 | SH | | DFND | 1, 2 | 6,015 | 0 | 0 |
GOVERNMENT PPTYS INCOME TR | COM SHS BEN INT | 38376A103 | 745 | 31,114 | SH | | DFND | 1, 2 | 31,114 | 0 | 0 |
GRAMERCY PPTY TR INC | COM | 38489R100 | 111 | 26,645 | SH | | DFND | 1, 2 | 26,645 | 0 | 0 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 180 | 2,794 | SH | | DFND | 1, 2 | 2,794 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 31 | 647 | SH | | DFND | 1, 2 | 647 | 0 | 0 |
HARRIS TEETER SUPERMARKETS I | COM | 414585109 | 192 | 3,912 | SH | | DFND | 1, 2 | 3,912 | 0 | 0 |
HARVEST NATURAL RESOURCES IN | COM | 41754V103 | 7 | 1,334 | SH | | DFND | 1, 2 | 1,334 | 0 | 0 |
HEALTH MGMT ASSOC INC NEW | CL A | 421933102 | 349 | 27,237 | SH | | DFND | 1, 2 | 27,237 | 0 | 0 |
HERSHA HOSPITALITY TR | SH BEN INT A | 427825104 | 616 | 110,193 | SH | | DFND | 1, 2 | 110,193 | 0 | 0 |
HERSHEY CO | COM | 427866108 | 104 | 1,121 | SH | | DFND | 1, 2 | 1,121 | 0 | 0 |
HESS CORP | COM | 42809H107 | 18 | 238 | SH | | DFND | 1, 2 | 238 | 0 | 0 |
HI-TECH PHARMACAL INC | COM | 42840B101 | 233 | 5,389 | SH | | DFND | 1, 2 | 5,389 | 0 | 0 |
HILLSHIRE BRANDS CO | COM | 432589109 | 19 | 618 | SH | | DFND | 1, 2 | 618 | 0 | 0 |
HORMEL FOODS CORP | COM | 440452100 | 2,300 | 54,596 | SH | | DFND | 1, 2 | 54,596 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 481 | 24,739 | SH | | DFND | 1, 2 | 24,739 | 0 | 0 |
ISTAR FINL INC | COM | 45031U101 | 539 | 44,731 | SH | | DFND | 1, 2 | 44,731 | 0 | 0 |
IDEX CORP | COM | 45167R104 | 251 | 3,847 | SH | | DFND | 1, 2 | 3,847 | 0 | 0 |
INGREDION INC | COM | 457187102 | 25 | 385 | SH | | DFND | 1, 2 | 385 | 0 | 0 |
INLAND REAL ESTATE CORP | COM NEW | 457461200 | 506 | 49,446 | SH | | DFND | 1, 2 | 49,446 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 1,186 | 77,077 | SH | | DFND | 1, 2 | 77,077 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730103 | 482 | 58,380 | SH | | DFND | 1, 2 | 58,380 | 0 | 0 |
ISHARES | TIPS BD ETF | 464287176 | 57,216 | 508,221 | SH | | DFND | 1, 2 | 508,221 | 0 | 0 |
ISHARES | CORE S&P500 ETF | 464287200 | 14 | 80 | SH | | DFND | 1, 2 | 80 | 0 | 0 |
ISHARES | CORE TOTUSBD ETF | 464287226 | 74,101 | 691,237 | SH | | DFND | 1, 2 | 691,237 | 0 | 0 |
ISHARES | MSCI EMG MKT ETF | 464287234 | 885 | 21,705 | SH | | DFND | 1, 2 | 21,705 | 0 | 0 |
ISHARES | IBOXX INV CP ETF | 464287242 | 10,941 | 96,377 | SH | | DFND | 1, 2 | 96,377 | 0 | 0 |
ISHARES | 20+ YR TR BD ETF | 464287432 | 1,319 | 12,397 | SH | | DFND | 1, 2 | 12,397 | 0 | 0 |
ISHARES | 7-10 Y TR BD ETF | 464287440 | 2,672 | 26,172 | SH | | DFND | 1, 2 | 26,172 | 0 | 0 |
ISHARES | 1-3 YR TR BD ETF | 464287457 | 38,699 | 458,194 | SH | | DFND | 1, 2 | 458,194 | 0 | 0 |
ISHARES | MSCI EAFE ETF | 464287465 | 65,594 | 1,028,284 | SH | | DFND | 1, 2 | 1,028,284 | 0 | 0 |
ISHARES | RUS 1000 GRW ETF | 464287614 | 101,665 | 1,300,058 | SH | | DFND | 1, 2 | 1,300,058 | 0 | 0 |
ISHARES | RUSSELL 2000 ETF | 464287655 | 27,475 | 257,687 | SH | | DFND | 1, 2 | 257,687 | 0 | 0 |
ISHARES | U.S. REAL ES ETF | 464287739 | 949 | 14,891 | SH | | DFND | 1, 2 | 14,891 | 0 | 0 |
ISHARES | JP MOR EM MK ETF | 464288281 | 9,721 | 89,183 | SH | | DFND | 1, 2 | 89,183 | 0 | 0 |
ISHARES | CREDIT BD ETF | 464288620 | 580 | 5,409 | SH | | DFND | 1, 2 | 5,409 | 0 | 0 |
ISHARES | 3-7 YR TR BD ETF | 464288661 | 1,329 | 10,957 | SH | | DFND | 1, 2 | 10,957 | 0 | 0 |
ISHARES | SHRT TRS BD ETF | 464288679 | 40,041 | 363,155 | SH | | DFND | 1, 2 | 363,155 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 254 | 12,168 | SH | | DFND | 1, 2 | 12,168 | 0 | 0 |
JOY GLOBAL INC | COM | 481165108 | 1,504 | 29,476 | SH | | DFND | 1, 2 | 29,476 | 0 | 0 |
KAPSTONE PAPER & PACKAGING C | COM | 48562P103 | 635 | 14,836 | SH | | DFND | 1, 2 | 14,836 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 107 | 1,820 | SH | | DFND | 1, 2 | 1,820 | 0 | 0 |
KENNEDY-WILSON HLDGS INC | COM | 489398107 | 608 | 32,733 | SH | | DFND | 1, 2 | 32,733 | 0 | 0 |
KEY ENERGY SVCS INC | COM | 492914106 | 34 | 4,726 | SH | | DFND | 1, 2 | 4,726 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 26 | 726 | SH | | DFND | 1, 2 | 726 | 0 | 0 |
KITE RLTY GROUP TR | COM | 49803T102 | 313 | 52,751 | SH | | DFND | 1, 2 | 52,751 | 0 | 0 |
KODIAK OIL & GAS CORP | COM | 50015Q100 | 114 | 9,474 | SH | | DFND | 1, 2 | 9,474 | 0 | 0 |
LEAP WIRELESS INTL INC | COM NEW | 521863308 | 202 | 12,782 | SH | | DFND | 1, 2 | 12,782 | 0 | 0 |
LENDER PROCESSING SVCS INC | COM | 52602E102 | 361 | 10,839 | SH | | DFND | 1, 2 | 10,839 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 1,124 | 100,090 | SH | | DFND | 1, 2 | 100,090 | 0 | 0 |
LIFE TECHNOLOGIES CORP | COM | 53217V109 | 1,848 | 24,700 | SH | | DFND | 1, 2 | 24,700 | 0 | 0 |
LINDSAY CORP | COM | 535555106 | 836 | 10,243 | SH | | DFND | 1, 2 | 10,243 | 0 | 0 |
LOUISIANA PAC CORP | COM | 546347105 | 772 | 43,868 | SH | | DFND | 1, 2 | 43,868 | 0 | 0 |
MPG OFFICE TR INC | COM | 553274101 | 52 | 16,703 | SH | | DFND | 1, 2 | 16,703 | 0 | 0 |
MAIDENFORM BRANDS INC | COM | 560305104 | 56 | 2,387 | SH | | DFND | 1, 2 | 2,387 | 0 | 0 |
MARATHON OIL CORP | COM | 565849106 | 17 | 490 | SH | | DFND | 1, 2 | 490 | 0 | 0 |
MARKET VECTORS ETF TR | EM LC CURR DBT | 57060U522 | 2,518 | 103,606 | SH | | DFND | 1, 2 | 103,606 | 0 | 0 |
MEADWESTVACO CORP | COM | 583334107 | 2,147 | 55,949 | SH | | DFND | 1, 2 | 55,949 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 1,089 | 89,478 | SH | | DFND | 1, 2 | 89,478 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 283 | 9,007 | SH | | DFND | 1, 2 | 9,007 | 0 | 0 |
NATIONAL OILWELL VARCO INC | COM | 637071101 | 24 | 305 | SH | | DFND | 1, 2 | 305 | 0 | 0 |
NEW RESIDENTIAL INVT CORP | COM | 64828T102 | 956 | 144,424 | SH | | DFND | 1, 2 | 144,424 | 0 | 0 |
NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | 224 | 35,869 | SH | | DFND | 1, 2 | 35,869 | 0 | 0 |
NEWCASTLE INVT CORP | COM | 65105M108 | 921 | 163,915 | SH | | DFND | 1, 2 | 163,915 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 1,585 | 56,420 | SH | | DFND | 1, 2 | 56,420 | 0 | 0 |
NORTHERN TIER ENERGY LP | COM UN REPR PART | 665826103 | 41 | 2,065 | SH | | DFND | 1, 2 | 2,065 | 0 | 0 |
NORTHSTAR RLTY FIN CORP | COM | 66704R100 | 1,238 | 133,403 | SH | | DFND | 1, 2 | 133,403 | 0 | 0 |
NV ENERGY INC | COM | 67073Y106 | 796 | 33,732 | SH | | DFND | 1, 2 | 33,732 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 53 | 562 | SH | | DFND | 1, 2 | 562 | 0 | 0 |
OMNICOM GROUP INC | COM | 681919106 | 691 | 10,885 | SH | | DFND | 1, 2 | 10,885 | 0 | 0 |
ONYX PHARMACEUTICALS INC | COM | 683399109 | 1,250 | 10,027 | SH | | DFND | 1, 2 | 10,027 | 0 | 0 |
OPTIMER PHARMACEUTICALS INC | COM | 68401H104 | 78 | 6,185 | SH | | DFND | 1, 2 | 6,185 | 0 | 0 |
PARKWAY PPTYS INC | COM | 70159Q104 | 435 | 24,455 | SH | | DFND | 1, 2 | 24,455 | 0 | 0 |
PEABODY ENERGY CORP | COM | 704549104 | 1,322 | 76,640 | SH | | DFND | 1, 2 | 76,640 | 0 | 0 |
PEBBLEBROOK HOTEL TR | COM | 70509V100 | 996 | 34,683 | SH | | DFND | 1, 2 | 34,683 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 696 | 37,240 | SH | | DFND | 1, 2 | 37,240 | 0 | 0 |
PENNYMAC MTG INVT TR | COM | 70931T103 | 845 | 37,250 | SH | | DFND | 1, 2 | 37,250 | 0 | 0 |
PETROQUEST ENERGY INC | COM | 716748108 | 8 | 2,033 | SH | | DFND | 1, 2 | 2,033 | 0 | 0 |
PHILLIPS 66 | COM | 718546104 | 25 | 432 | SH | | DFND | 1, 2 | 432 | 0 | 0 |
PIONEER ENERGY SVCS CORP | COM | 723664108 | 16 | 2,194 | SH | | DFND | 1, 2 | 2,194 | 0 | 0 |
PIONEER SOUTHWST ENRG PRTNR | UNIT LP INT | 72388B106 | 62 | 1,401 | SH | | DFND | 1, 2 | 1,401 | 0 | 0 |
POWERSHARES DB CMDTY IDX TRA | UNIT BEN INT | 73935S105 | 8,867 | 344,217 | SH | | DFND | 1, 2 | 344,217 | 0 | 0 |
POWERSHARES DB G10 CURCY HAR | COM UT BEN INT | 73935Y102 | 6,463 | 252,967 | SH | | DFND | 1, 2 | 252,967 | 0 | 0 |
POWERSHS DB MULTI SECT COMM | DB GOLD FUND | 73936B606 | 3,996 | 89,247 | SH | | DFND | 1, 2 | 89,247 | 0 | 0 |
POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 54,835 | 2,221,837 | SH | | DFND | 1, 2 | 2,221,837 | 0 | 0 |
POWERSHARES GLOBAL ETF TRUST | SOVEREIGN DEBT | 73936T573 | 4,343 | 158,837 | SH | | DFND | 1, 2 | 158,837 | 0 | 0 |
PROSHARES TR II | ULTRASHRT NEW | 74347W395 | 218 | 2,484 | SH | | DFND | 1, 2 | 2,484 | 0 | 0 |
PROSHARES TR II | ULTRASHRT EURO | 74347W882 | 640 | 36,072 | SH | | DFND | 1, 2 | 36,072 | 0 | 0 |
PROSHARES TR | REAL EST NEW 11 | 74348A871 | 752 | 34,253 | SH | | DFND | 1, 2 | 34,253 | 0 | 0 |
QR ENERGY LP | UNIT LTD PRTNS | 74734R108 | 29 | 1,800 | SH | | DFND | 1, 2 | 1,800 | 0 | 0 |
RAIT FINANCIAL TRUST | COM NEW | 749227609 | 280 | 39,580 | SH | | DFND | 1, 2 | 39,580 | 0 | 0 |
RAMCO-GERSHENSON PPTYS TR | COM SH BEN INT | 751452202 | 523 | 33,963 | SH | | DFND | 1, 2 | 33,963 | 0 | 0 |
REDWOOD TR INC | COM | 758075402 | 905 | 45,950 | SH | | DFND | 1, 2 | 45,950 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 392 | 29,634 | SH | | DFND | 1, 2 | 29,634 | 0 | 0 |
RESOURCE CAP CORP | COM | 76120W302 | 416 | 70,083 | SH | | DFND | 1, 2 | 70,083 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 551 | 39,834 | SH | | DFND | 1, 2 | 39,834 | 0 | 0 |
ROYAL GOLD INC | COM | 780287108 | 346 | 7,115 | SH | | DFND | 1, 2 | 7,115 | 0 | 0 |
RUE21 INC | COM | 781295100 | 193 | 4,775 | SH | | DFND | 1, 2 | 4,775 | 0 | 0 |
SHFL ENTMT INC | COM | 78423R105 | 87 | 3,789 | SH | | DFND | 1, 2 | 3,789 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 27,965 | 166,358 | SH | | DFND | 1, 2 | 166,358 | 0 | 0 |
SPDR INDEX SHS FDS | S&P EMKTSC ETF | 78463X756 | 2,440 | 53,639 | SH | | DFND | 1, 2 | 53,639 | 0 | 0 |
SPDR INDEX SHS FDS | DJ INTL RL ETF | 78463X863 | 4,994 | 118,527 | SH | | DFND | 1, 2 | 118,527 | 0 | 0 |
SPDR SERIES TRUST | BRC CNV SECS ETF | 78464A359 | 19,582 | 433,223 | SH | | DFND | 1, 2 | 433,223 | 0 | 0 |
SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 484 | 6,641 | SH | | DFND | 1, 2 | 6,641 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS AGG ETF | 78464A649 | 3,477 | 61,081 | SH | | DFND | 1, 2 | 61,081 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS 1-3MT ETF | 78464A680 | 16,574 | 361,961 | SH | | DFND | 1, 2 | 361,961 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 480 | 20,872 | SH | | DFND | 1, 2 | 20,872 | 0 | 0 |
SAKS INC | COM | 79377W108 | 452 | 28,350 | SH | | DFND | 1, 2 | 28,350 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 82 | 932 | SH | | DFND | 1, 2 | 932 | 0 | 0 |
SEABOARD CORP | COM | 811543107 | 632 | 230 | SH | | DFND | 1, 2 | 230 | 0 | 0 |
SILVER BAY RLTY TR CORP | COM | 82735Q102 | 330 | 21,063 | SH | | DFND | 1, 2 | 21,063 | 0 | 0 |
SMUCKER J M CO | COM NEW | 832696405 | 56 | 536 | SH | | DFND | 1, 2 | 536 | 0 | 0 |
SOURCEFIRE INC | COM | 83616T108 | 470 | 6,195 | SH | | DFND | 1, 2 | 6,195 | 0 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 769 | 28,244 | SH | | DFND | 1, 2 | 28,244 | 0 | 0 |
SPIRIT RLTY CAP INC NEW | COM | 84860W102 | 1,772 | 193,013 | SH | | DFND | 1, 2 | 193,013 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 483 | 23,991 | SH | | DFND | 1, 2 | 23,991 | 0 | 0 |
STEWART ENTERPRISES INC | CL A | 860370105 | 138 | 10,525 | SH | | DFND | 1, 2 | 10,525 | 0 | 0 |
STONE ENERGY CORP | COM | 861642106 | 57 | 1,763 | SH | | DFND | 1, 2 | 1,763 | 0 | 0 |
SUMMIT HOTEL PPTYS | COM | 866082100 | 427 | 46,464 | SH | | DFND | 1, 2 | 46,464 | 0 | 0 |
SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 1,165 | 91,461 | SH | | DFND | 1, 2 | 91,461 | 0 | 0 |
SYNERGY RES CORP | COM | 87164P103 | 19 | 1,911 | SH | | DFND | 1, 2 | 1,911 | 0 | 0 |
TMS INTL CORP | CL A | 87261Q103 | 89 | 5,126 | SH | | DFND | 1, 2 | 5,126 | 0 | 0 |
TESORO LOGISTICS LP | COM UNIT LP | 88160T107 | 61 | 1,048 | SH | | DFND | 1, 2 | 1,048 | 0 | 0 |
TORO CO | COM | 891092108 | 2,520 | 46,365 | SH | | DFND | 1, 2 | 46,365 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 2,050 | 72,483 | SH | | DFND | 1, 2 | 72,483 | 0 | 0 |
U S AIRWAYS GROUP INC | COM | 90341W108 | 707 | 37,280 | SH | | DFND | 1, 2 | 37,280 | 0 | 0 |
VAALCO ENERGY INC | COM NEW | 91851C201 | 11 | 1,998 | SH | | DFND | 1, 2 | 1,998 | 0 | 0 |
VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 | 61,769 | 768,562 | SH | | DFND | 1, 2 | 768,562 | 0 | 0 |
VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 87,391 | 1,080,496 | SH | | DFND | 1, 2 | 1,080,496 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 22,943 | 579,671 | SH | | DFND | 1, 2 | 579,671 | 0 | 0 |
VANGUARD HEALTH SYS INC | COM | 922036207 | 285 | 13,586 | SH | | DFND | 1, 2 | 13,586 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 1,179 | 29,405 | SH | | DFND | 1, 2 | 29,405 | 0 | 0 |
VANGUARD INDEX FDS | REIT ETF | 922908553 | 3,954 | 59,760 | SH | | DFND | 1, 2 | 59,760 | 0 | 0 |
VOLTERRA SEMICONDUCTOR CORP | COM | 928708106 | 180 | 7,805 | SH | | DFND | 1, 2 | 7,805 | 0 | 0 |
WMS INDS INC | COM | 929297109 | 242 | 9,308 | SH | | DFND | 1, 2 | 9,308 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 212 | 13,288 | SH | | DFND | 1, 2 | 13,288 | 0 | 0 |
WESTERN REFNG INC | COM | 959319104 | 58 | 1,923 | SH | | DFND | 1, 2 | 1,923 | 0 | 0 |
WISDOMTREE TR | DRYFS CURR ETF | 97717W133 | 10,075 | 500,484 | SH | | DFND | 1, 2 | 500,484 | 0 | 0 |
WISDOMTREE TR | EM LCL DEBT FD | 97717X867 | 3,441 | 73,080 | SH | | DFND | 1, 2 | 73,080 | 0 | 0 |
XYLEM INC | COM | 98419M100 | 246 | 8,817 | SH | | DFND | 1, 2 | 8,817 | 0 | 0 |