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 | 64 | 782 | SH | | DFND | 1,2 | 782 | 0 | 0 |
PENTAIR LTD | SHS | H6169Q108 | 1,034 | 13,312 | SH | | DFND | 1,2 | 13,312 | 0 | 0 |
ADECOAGRO S A | COM | L00849106 | 478 | 59,144 | SH | | DFND | 1,2 | 59,144 | 0 | 0 |
OCEAN RIG UDW INC | SHS | Y64354205 | 31 | 1,621 | SH | | DFND | 1,2 | 1,621 | 0 | 0 |
AG MTG INVT TR INC | COM | 001228105 | 271 | 17,331 | SH | | DFND | 1,2 | 17,331 | 0 | 0 |
ACADIA RLTY TR | COM SH BEN INT | 004239109 | 855 | 34,431 | SH | | DFND | 1,2 | 34,431 | 0 | 0 |
ALCOA INC | COM | 013817101 | 404 | 38,052 | SH | | DFND | 1,2 | 38,052 | 0 | 0 |
ALON USA ENERGY INC | COM | 020520102 | 14 | 839 | SH | | DFND | 1,2 | 839 | 0 | 0 |
ALON USA PARTNERS LP | UT LTDPART INT | 02052T109 | 6 | 338 | SH | | DFND | 1,2 | 338 | 0 | 0 |
ALPHA NATURAL RESOURCES INC | COM | 02076X102 | 506 | 70,897 | SH | | DFND | 1,2 | 70,897 | 0 | 0 |
AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 344 | 20,063 | SH | | DFND | 1,2 | 20,063 | 0 | 0 |
AMERICAN VANGUARD CORP | COM | 030371108 | 496 | 20,431 | SH | | DFND | 1,2 | 20,431 | 0 | 0 |
AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 491 | 11,620 | SH | | DFND | 1,2 | 11,620 | 0 | 0 |
ANADARKO PETE CORP | COM | 032511107 | 53 | 670 | SH | | DFND | 1,2 | 670 | 0 | 0 |
ANWORTH MORTGAGE ASSET CP | COM | 037347101 | 368 | 87,369 | SH | | DFND | 1,2 | 87,369 | 0 | 0 |
APACHE CORP | COM | 037411105 | 42 | 493 | SH | | DFND | 1,2 | 493 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COM | 03762U105 | 374 | 22,988 | SH | | DFND | 1,2 | 22,988 | 0 | 0 |
AQUA AMERICA INC | COM | 03836W103 | 270 | 11,461 | SH | | DFND | 1,2 | 11,461 | 0 | 0 |
ARBOR RLTY TR INC | COM | 038923108 | 160 | 24,044 | SH | | DFND | 1,2 | 24,044 | 0 | 0 |
ARCH COAL INC | COM | 039380100 | 304 | 68,251 | SH | | DFND | 1,2 | 68,251 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 039483102 | 154 | 3,553 | SH | | DFND | 1,2 | 3,553 | 0 | 0 |
ARES COML REAL ESTATE CORP | COM | 04013V108 | 226 | 17,270 | SH | | DFND | 1,2 | 17,270 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 042315101 | 922 | 230,024 | SH | | DFND | 1,2 | 230,024 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 044103109 | 390 | 47,099 | SH | | DFND | 1,2 | 47,099 | 0 | 0 |
ASSOCIATED ESTATES RLTY CORP | COM | 045604105 | 536 | 33,393 | SH | | DFND | 1,2 | 33,393 | 0 | 0 |
AVIV REIT INC MD | COM | 05381L101 | 230 | 9,714 | SH | | DFND | 1,2 | 9,714 | 0 | 0 |
BPZ RESOURCES INC | COM | 055639108 | 7 | 3,604 | SH | | DFND | 1,2 | 3,604 | 0 | 0 |
BAKER HUGHES INC | COM | 057224107 | 34 | 611 | SH | | DFND | 1,2 | 611 | 0 | 0 |
BARCLAYS BK PLC | DJUBS CMDT ETN36 | 06738C778 | 364 | 9,905 | SH | | DFND | 1,2 | 9,905 | 0 | 0 |
BLYTH INC | COM NEW | 09643P207 | 61 | 5,608 | SH | | DFND | 1,2 | 5,608 | 0 | 0 |
BONANZA CREEK ENERGY INC | COM | 097793103 | 48 | 1,111 | SH | | DFND | 1,2 | 1,111 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 1,364 | 96,833 | SH | | DFND | 1,2 | 96,833 | 0 | 0 |
CVR ENERGY INC | COM | 12662P108 | 25 | 566 | SH | | DFND | 1,2 | 566 | 0 | 0 |
CVR PARTNERS LP | COM | 126633106 | 456 | 27,694 | SH | | DFND | 1,2 | 27,694 | 0 | 0 |
CVR REFNG LP | COMUNIT REP LT | 12663P107 | 29 | 1,300 | SH | | DFND | 1,2 | 1,300 | 0 | 0 |
CAMPUS CREST CMNTYS INC | COM | 13466Y105 | 376 | 39,956 | SH | | DFND | 1,2 | 39,956 | 0 | 0 |
CAPITALSOURCE INC | COM | 14055X102 | 301 | 20,940 | SH | | DFND | 1,2 | 20,940 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 255 | 40,709 | SH | | DFND | 1,2 | 40,709 | 0 | 0 |
CHATHAM LODGING TR | COM | 16208T102 | 82 | 4,021 | SH | | DFND | 1,2 | 4,021 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 330 | 2,638 | SH | | DFND | 1,2 | 2,638 | 0 | 0 |
CHIQUITA BRANDS INTL INC | COM | 170032809 | 418 | 35,747 | SH | | DFND | 1,2 | 35,747 | 0 | 0 |
CLIFFS NAT RES INC | COM | 18683K101 | 127 | 4,845 | SH | | DFND | 1,2 | 4,845 | 0 | 0 |
CLOUD PEAK ENERGY INC | COM | 18911Q102 | 337 | 18,725 | SH | | DFND | 1,2 | 18,725 | 0 | 0 |
COEUR MNG INC | COM NEW | 192108504 | 132 | 12,131 | SH | | DFND | 1,2 | 12,131 | 0 | 0 |
COLE REAL ESTATE INVTS INC | COM | 19329V105 | 2,115 | 150,674 | SH | | DFND | 1,2 | 150,674 | 0 | 0 |
COLONY FINL INC | COM | 19624R106 | 957 | 47,146 | SH | | DFND | 1,2 | 47,146 | 0 | 0 |
COMMONWEALTH REIT | COM SH BEN INT | 203233101 | 413 | 17,716 | SH | | DFND | 1,2 | 17,716 | 0 | 0 |
CONAGRA FOODS INC | COM | 205887102 | 74 | 2,210 | SH | | DFND | 1,2 | 2,210 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 121 | 1,712 | SH | | DFND | 1,2 | 1,712 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 2,756 | 72,438 | SH | | DFND | 1,2 | 72,438 | 0 | 0 |
COOPER TIRE & RUBR CO | COM | 216831107 | 393 | 16,339 | SH | | DFND | 1,2 | 16,339 | 0 | 0 |
COUSINS PPTYS INC | COM | 222795106 | 1,144 | 111,034 | SH | | DFND | 1,2 | 111,034 | 0 | 0 |
CREDIT SUISSE NASSAU BRH | INVRS VIX MDTERM | 22542D829 | 324 | 8,375 | SH | | DFND | 1,2 | 8,375 | 0 | 0 |
CUBESMART | COM | 229663109 | 1,274 | 79,955 | SH | | DFND | 1,2 | 79,955 | 0 | 0 |
CURRENCYSHS JAPANESE YEN TR | JAPANESE YEN | 23130A102 | 1,407 | 15,168 | SH | | DFND | 1,2 | 15,168 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 2,655 | 19,523 | SH | | DFND | 1,2 | 19,523 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 266 | 11,897 | SH | | DFND | 1,2 | 11,897 | 0 | 0 |
DCT INDUSTRIAL TRUST INC | COM | 233153105 | 1,402 | 196,654 | SH | | DFND | 1,2 | 196,654 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 38 | 611 | SH | | DFND | 1,2 | 611 | 0 | 0 |
DOMTAR CORP | COM NEW | 257559203 | 225 | 2,383 | SH | | DFND | 1,2 | 2,383 | 0 | 0 |
DYNEX CAP INC | COM NEW | 26817Q506 | 253 | 31,587 | SH | | DFND | 1,2 | 31,587 | 0 | 0 |
EOG RES INC | COM | 26875P101 | 67 | 401 | SH | | DFND | 1,2 | 401 | 0 | 0 |
EDUCATION RLTY TR INC | COM | 28140H104 | 630 | 71,462 | SH | | DFND | 1,2 | 71,462 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 618 | 6,105 | SH | | DFND | 1,2 | 6,105 | 0 | 0 |
FELCOR LODGING TR INC | COM | 31430F101 | 565 | 69,199 | SH | | DFND | 1,2 | 69,199 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 1,168 | 66,932 | SH | | DFND | 1,2 | 66,932 | 0 | 0 |
FIRST POTOMAC RLTY TR | COM | 33610F109 | 417 | 35,848 | SH | | DFND | 1,2 | 35,848 | 0 | 0 |
FLOWERS FOODS INC | COM | 343498101 | 23 | 1,064 | SH | | DFND | 1,2 | 1,064 | 0 | 0 |
FLOWSERVE CORP | COM | 34354P105 | 716 | 9,087 | SH | | DFND | 1,2 | 9,087 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 680 | 56,909 | SH | | DFND | 1,2 | 56,909 | 0 | 0 |
FREEPORT-MCMORAN COPPER & GO | COM | 35671D857 | 1,283 | 34,002 | SH | | DFND | 1,2 | 34,002 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 175 | 3,513 | SH | | DFND | 1,2 | 3,513 | 0 | 0 |
GLIMCHER RLTY TR | SH BEN INT | 379302102 | 834 | 89,115 | SH | | DFND | 1,2 | 89,115 | 0 | 0 |
GOVERNMENT PPTYS INCOME TR | COM SHS BEN INT | 38376A103 | 851 | 34,254 | SH | | DFND | 1,2 | 34,254 | 0 | 0 |
GRAMERCY PPTY TR INC | COM | 38489R100 | 211 | 36,742 | SH | | DFND | 1,2 | 36,742 | 0 | 0 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 186 | 2,938 | SH | | DFND | 1,2 | 2,938 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 65 | 1,282 | SH | | DFND | 1,2 | 1,282 | 0 | 0 |
HARRIS TEETER SUPERMARKETS I | COM | 414585109 | 453 | 9,180 | SH | | DFND | 1,2 | 9,180 | 0 | 0 |
HARVEST NATURAL RESOURCES IN | COM | 41754V103 | 6 | 1,401 | SH | | DFND | 1,2 | 1,401 | 0 | 0 |
HEALTH MGMT ASSOC INC NEW | CL A | 421933102 | 767 | 58,519 | SH | | DFND | 1,2 | 58,519 | 0 | 0 |
HERSHA HOSPITALITY TR | SH BEN INT A | 427825104 | 675 | 121,237 | SH | | DFND | 1,2 | 121,237 | 0 | 0 |
HERSHEY CO | COM | 427866108 | 114 | 1,174 | SH | | DFND | 1,2 | 1,174 | 0 | 0 |
HESS CORP | COM | 42809H107 | 38 | 452 | SH | | DFND | 1,2 | 452 | 0 | 0 |
HI-TECH PHARMACAL INC | COM | 42840B101 | 187 | 4,302 | SH | | DFND | 1,2 | 4,302 | 0 | 0 |
HILLSHIRE BRANDS CO | COM | 432589109 | 24 | 704 | SH | | DFND | 1,2 | 704 | 0 | 0 |
HOME FED BANCORP INC MD | COM | 43710G105 | 66 | 4,433 | SH | | DFND | 1,2 | 4,433 | 0 | 0 |
HORMEL FOODS CORP | COM | 440452100 | 4,133 | 91,508 | SH | | DFND | 1,2 | 91,508 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 595 | 27,212 | SH | | DFND | 1,2 | 27,212 | 0 | 0 |
ISTAR FINL INC | COM | 45031U101 | 704 | 49,368 | SH | | DFND | 1,2 | 49,368 | 0 | 0 |
IDEX CORP | COM | 45167R104 | 392 | 5,313 | SH | | DFND | 1,2 | 5,313 | 0 | 0 |
INGREDION INC | COM | 457187102 | 30 | 439 | SH | | DFND | 1,2 | 439 | 0 | 0 |
INLAND REAL ESTATE CORP | COM NEW | 457461200 | 572 | 54,378 | SH | | DFND | 1,2 | 54,378 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 1,245 | 84,780 | SH | | DFND | 1,2 | 84,780 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730103 | 558 | 65,088 | SH | | DFND | 1,2 | 65,088 | 0 | 0 |
ISHARES | TIPS BD ETF | 464287176 | 59,026 | 537,085 | SH | | DFND | 1,2 | 537,085 | 0 | 0 |
ISHARES | CORE S&P500 ETF | 464287200 | 5 | 25 | SH | | DFND | 1,2 | 25 | 0 | 0 |
ISHARES | CORE TOTUSBD ETF | 464287226 | 97,885 | 919,717 | SH | | DFND | 1,2 | 919,717 | 0 | 0 |
ISHARES | MSCI EMG MKT ETF | 464287234 | 836 | 20,012 | SH | | DFND | 1,2 | 20,012 | 0 | 0 |
ISHARES | IBOXX INV CP ETF | 464287242 | 13,432 | 117,606 | SH | | DFND | 1,2 | 117,606 | 0 | 0 |
ISHARES | 20+ YR TR BD ETF | 464287432 | 535 | 5,251 | SH | | DFND | 1,2 | 5,251 | 0 | 0 |
ISHARES | 7-10 Y TR BD ETF | 464287440 | 1,071 | 10,791 | SH | | DFND | 1,2 | 10,791 | 0 | 0 |
ISHARES | 1-3 YR TR BD ETF | 464287457 | 44,423 | 526,462 | SH | | DFND | 1,2 | 526,462 | 0 | 0 |
ISHARES | MSCI EAFE ETF | 464287465 | 75,551 | 1,126,613 | SH | | DFND | 1,2 | 1,126,613 | 0 | 0 |
ISHARES | RUS 1000 GRW ETF | 464287614 | 121,506 | 1,413,679 | SH | | DFND | 1,2 | 1,413,679 | 0 | 0 |
ISHARES | RUSSELL 2000 ETF | 464287655 | 33,683 | 292,110 | SH | | DFND | 1,2 | 292,110 | 0 | 0 |
ISHARES | U.S. REAL ES ETF | 464287739 | 320 | 5,071 | SH | | DFND | 1,2 | 5,071 | 0 | 0 |
ISHARES | JP MOR EM MK ETF | 464288281 | 14,519 | 134,238 | SH | | DFND | 1,2 | 134,238 | 0 | 0 |
ISHARES | CREDIT BD ETF | 464288620 | 730 | 6,828 | SH | | DFND | 1,2 | 6,828 | 0 | 0 |
ISHARES | 3-7 YR TR BD ETF | 464288661 | 541 | 4,508 | SH | | DFND | 1,2 | 4,508 | 0 | 0 |
ISHARES | SHRT TRS BD ETF | 464288679 | 27,333 | 247,920 | SH | | DFND | 1,2 | 247,920 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 285 | 15,239 | SH | | DFND | 1,2 | 15,239 | 0 | 0 |
JOS A BANK CLOTHIERS INC | COM | 480838101 | 469 | 8,571 | SH | | DFND | 1,2 | 8,571 | 0 | 0 |
JOY GLOBAL INC | COM | 481165108 | 1,917 | 32,768 | SH | | DFND | 1,2 | 32,768 | 0 | 0 |
KAPSTONE PAPER & PACKAGING C | COM | 48562P103 | 180 | 3,225 | SH | | DFND | 1,2 | 3,225 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 120 | 1,969 | SH | | DFND | 1,2 | 1,969 | 0 | 0 |
KENNEDY-WILSON HLDGS INC | COM | 489398107 | 832 | 37,410 | SH | | DFND | 1,2 | 37,410 | 0 | 0 |
KEY ENERGY SVCS INC | COM | 492914106 | 37 | 4,629 | SH | | DFND | 1,2 | 4,629 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 53 | 1,468 | SH | | DFND | 1,2 | 1,468 | 0 | 0 |
KITE RLTY GROUP TR | COM | 49803T102 | 533 | 81,174 | SH | | DFND | 1,2 | 81,174 | 0 | 0 |
KODIAK OIL & GAS CORP | COM | 50015Q100 | 105 | 9,348 | SH | | DFND | 1,2 | 9,348 | 0 | 0 |
LEAP WIRELESS INTL INC | COM NEW | 521863308 | 177 | 10,169 | SH | | DFND | 1,2 | 10,169 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 1,199 | 117,400 | SH | | DFND | 1,2 | 117,400 | 0 | 0 |
LIFE TECHNOLOGIES CORP | COM | 53217V109 | 1,333 | 17,581 | SH | | DFND | 1,2 | 17,581 | 0 | 0 |
LINDSAY CORP | COM | 535555106 | 841 | 10,160 | SH | | DFND | 1,2 | 10,160 | 0 | 0 |
LOUISIANA PAC CORP | COM | 546347105 | 175 | 9,431 | SH | | DFND | 1,2 | 9,431 | 0 | 0 |
MARKET VECTORS ETF TR | EM LC CURR DBT | 57060U522 | 2,346 | 99,627 | SH | | DFND | 1,2 | 99,627 | 0 | 0 |
MEADWESTVACO CORP | COM | 583334107 | 446 | 12,084 | SH | | DFND | 1,2 | 12,084 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 1,203 | 98,486 | SH | | DFND | 1,2 | 98,486 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 340 | 9,639 | SH | | DFND | 1,2 | 9,639 | 0 | 0 |
NATIONAL OILWELL VARCO INC | COM | 637071101 | 50 | 623 | SH | | DFND | 1,2 | 623 | 0 | 0 |
NEW RESIDENTIAL INVT CORP | COM | 64828T102 | 1,062 | 158,963 | SH | | DFND | 1,2 | 158,963 | 0 | 0 |
NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | 276 | 39,455 | SH | | DFND | 1,2 | 39,455 | 0 | 0 |
NEWCASTLE INVT CORP | COM | 65105M108 | 1,243 | 216,506 | SH | | DFND | 1,2 | 216,506 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 1,562 | 67,826 | SH | | DFND | 1,2 | 67,826 | 0 | 0 |
NORTHERN TIER ENERGY LP | COM UN REPR PART | 665826103 | 49 | 1,996 | SH | | DFND | 1,2 | 1,996 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 104 | 1,093 | SH | | DFND | 1,2 | 1,093 | 0 | 0 |
OMNICOM GROUP INC | COM | 681919106 | 1,480 | 19,906 | SH | | DFND | 1,2 | 19,906 | 0 | 0 |
PVR PARTNERS L P | COM UNIT REPTG L | 693665101 | 278 | 10,369 | SH | | DFND | 1,2 | 10,369 | 0 | 0 |
PARKWAY PPTYS INC | COM | 70159Q104 | 517 | 26,796 | SH | | DFND | 1,2 | 26,796 | 0 | 0 |
PEABODY ENERGY CORP | COM | 704549104 | 1,662 | 85,077 | SH | | DFND | 1,2 | 85,077 | 0 | 0 |
PEBBLEBROOK HOTEL TR | COM | 70509V100 | 1,222 | 39,713 | SH | | DFND | 1,2 | 39,713 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 778 | 41,005 | SH | | DFND | 1,2 | 41,005 | 0 | 0 |
PENNYMAC MTG INVT TR | COM | 70931T103 | 941 | 40,976 | SH | | DFND | 1,2 | 40,976 | 0 | 0 |
PETROQUEST ENERGY INC | COM | 716748108 | 8 | 1,786 | SH | | DFND | 1,2 | 1,786 | 0 | 0 |
PHILLIPS 66 | COM | 718546104 | 66 | 857 | SH | | DFND | 1,2 | 857 | 0 | 0 |
PIONEER ENERGY SVCS CORP | COM | 723664108 | 17 | 2,167 | SH | | DFND | 1,2 | 2,167 | 0 | 0 |
POWERSHARES DB CMDTY IDX TRA | UNIT BEN INT | 73935S105 | 5,219 | 203,473 | SH | | DFND | 1,2 | 203,473 | 0 | 0 |
POWERSHARES DB G10 CURCY HAR | COM UT BEN INT | 73935Y102 | 866 | 34,062 | SH | | DFND | 1,2 | 34,062 | 0 | 0 |
POWERSHS DB MULTI SECT COMM | DB GOLD FUND | 73936B606 | 346 | 8,575 | SH | | DFND | 1,2 | 8,575 | 0 | 0 |
POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 64,229 | 2,581,559 | SH | | DFND | 1,2 | 2,581,559 | 0 | 0 |
POWERSHARES GLOBAL ETF TRUST | SOVEREIGN DEBT | 73936T573 | 7,560 | 279,989 | SH | | DFND | 1,2 | 279,989 | 0 | 0 |
PROSHARES TR II | PSHS ULSSLVR NEW | 74347W114 | 3 | 31 | SH | | DFND | 1,2 | 31 | 0 | 0 |
PROSHARES TR II | ULTRASHRT NEW | 74347W395 | 132 | 1,274 | SH | | DFND | 1,2 | 1,274 | 0 | 0 |
PROSHARES TR II | ULTRASHRT EURO | 74347W882 | 918 | 53,817 | SH | | DFND | 1,2 | 53,817 | 0 | 0 |
PROSHARES TR | SHT MSCI NEW | 74347X575 | 59 | 2,925 | SH | | DFND | 1,2 | 2,925 | 0 | 0 |
PROSHARES TR | REAL EST NEW 11 | 74348A871 | 907 | 41,993 | SH | | DFND | 1,2 | 41,993 | 0 | 0 |
QR ENERGY LP | UNIT LTD PRTNS | 74734R108 | 30 | 1,771 | SH | | DFND | 1,2 | 1,771 | 0 | 0 |
RAIT FINANCIAL TRUST | COM NEW | 749227609 | 391 | 43,541 | SH | | DFND | 1,2 | 43,541 | 0 | 0 |
RAMCO-GERSHENSON PPTYS TR | COM SH BEN INT | 751452202 | 643 | 40,858 | SH | | DFND | 1,2 | 40,858 | 0 | 0 |
REDWOOD TR INC | COM | 758075402 | 980 | 50,587 | SH | | DFND | 1,2 | 50,587 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 103 | 6,412 | SH | | DFND | 1,2 | 6,412 | 0 | 0 |
RESOURCE CAP CORP | COM | 76120W302 | 459 | 77,344 | SH | | DFND | 1,2 | 77,344 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 647 | 43,951 | SH | | DFND | 1,2 | 43,951 | 0 | 0 |
ROYAL GOLD INC | COM | 780287108 | 392 | 8,506 | SH | | DFND | 1,2 | 8,506 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 32,875 | 178,018 | SH | | DFND | 1,2 | 178,018 | 0 | 0 |
SPDR INDEX SHS FDS | S&P EMKTSC ETF | 78463X756 | 2,175 | 46,871 | SH | | DFND | 1,2 | 46,871 | 0 | 0 |
SPDR INDEX SHS FDS | DJ INTL RL ETF | 78463X863 | 5,518 | 133,941 | SH | | DFND | 1,2 | 133,941 | 0 | 0 |
SPDR SERIES TRUST | BRC CNV SECS ETF | 78464A359 | 20,310 | 434,624 | SH | | DFND | 1,2 | 434,624 | 0 | 0 |
SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 164 | 2,302 | SH | | DFND | 1,2 | 2,302 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS AGG ETF | 78464A649 | 4,450 | 78,937 | SH | | DFND | 1,2 | 78,937 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS 1-3MT ETF | 78464A680 | 10,084 | 220,317 | SH | | DFND | 1,2 | 220,317 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 608 | 23,273 | SH | | DFND | 1,2 | 23,273 | 0 | 0 |
SANTARUS INC | COM | 802817304 | 541 | 16,930 | SH | | DFND | 1,2 | 16,930 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 161 | 1,783 | SH | | DFND | 1,2 | 1,783 | 0 | 0 |
SEABOARD CORP | COM | 811543107 | 1,107 | 396 | SH | | DFND | 1,2 | 396 | 0 | 0 |
SILVER BAY RLTY TR CORP | COM | 82735Q102 | 365 | 22,814 | SH | | DFND | 1,2 | 22,814 | 0 | 0 |
SMUCKER J M CO | COM NEW | 832696405 | 63 | 610 | SH | | DFND | 1,2 | 610 | 0 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 863 | 30,061 | SH | | DFND | 1,2 | 30,061 | 0 | 0 |
SPIRIT RLTY CAP INC NEW | COM | 84860W102 | 2,130 | 216,720 | SH | | DFND | 1,2 | 216,720 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 561 | 27,529 | SH | | DFND | 1,2 | 27,529 | 0 | 0 |
STERLING FINL CORP WASH | COM NEW | 859319303 | 189 | 5,552 | SH | | DFND | 1,2 | 5,552 | 0 | 0 |
STONE ENERGY CORP | COM | 861642106 | 58 | 1,678 | SH | | DFND | 1,2 | 1,678 | 0 | 0 |
SUMMIT HOTEL PPTYS | COM | 866082100 | 470 | 52,208 | SH | | DFND | 1,2 | 52,208 | 0 | 0 |
SUNOPTA INC | COM | 8676EP108 | 477 | 47,700 | SH | | DFND | 1,2 | 47,700 | 0 | 0 |
SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 1,516 | 113,161 | SH | | DFND | 1,2 | 113,161 | 0 | 0 |
SYNERGY RES CORP | COM | 87164P103 | 19 | 2,071 | SH | | DFND | 1,2 | 2,071 | 0 | 0 |
TESORO LOGISTICS LP | COM UNIT LP | 88160T107 | 61 | 1,175 | SH | | DFND | 1,2 | 1,175 | 0 | 0 |
TORO CO | COM | 891092108 | 2,899 | 45,580 | SH | | DFND | 1,2 | 45,580 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 4,065 | 121,483 | SH | | DFND | 1,2 | 121,483 | 0 | 0 |
VAALCO ENERGY INC | COM NEW | 91851C201 | 13 | 1,930 | SH | | DFND | 1,2 | 1,930 | 0 | 0 |
VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 | 74,571 | 932,959 | SH | | DFND | 1,2 | 932,959 | 0 | 0 |
VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 115,694 | 1,446,357 | SH | | DFND | 1,2 | 1,446,357 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 27,224 | 653,158 | SH | | DFND | 1,2 | 653,158 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 968 | 23,536 | SH | | DFND | 1,2 | 23,536 | 0 | 0 |
VANGUARD INDEX FDS | REIT ETF | 922908553 | 1,379 | 21,364 | SH | | DFND | 1,2 | 21,364 | 0 | 0 |
VIROPHARMA INC | COM | 928241108 | 1,635 | 32,801 | SH | | DFND | 1,2 | 32,801 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 217 | 14,616 | SH | | DFND | 1,2 | 14,616 | 0 | 0 |
WESTERN REFNG INC | COM | 959319104 | 79 | 1,856 | SH | | DFND | 1,2 | 1,856 | 0 | 0 |
WISDOMTREE TR | DRYFS CURR ETF | 97717W133 | 12,090 | 602,698 | SH | | DFND | 1,2 | 602,698 | 0 | 0 |
WISDOMTREE TR | EM LCL DEBT FD | 97717X867 | 3,105 | 67,466 | SH | | DFND | 1,2 | 67,466 | 0 | 0 |
XYLEM INC | COM | 98419M100 | 422 | 12,197 | SH | | DFND | 1,2 | 12,197 | 0 | 0 |
ZOLTEK COS INC | COM | 98975W104 | 129 | 7,674 | SH | | DFND | 1,2 | 7,674 | 0 | 0 |