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 |
AMIRA NATURE FOODS LTD | SHS | G0335L102 | 92 | 5,425 | SH | | DFND | 1,2 | 5,425 | 0 | 0 |
BUNGE LIMITED | COM | G16962105 | 492 | 6,182 | SH | | DFND | 1,2 | 6,182 | 0 | 0 |
XYRATEX LTD | COM | G98268108 | 118 | 8,929 | SH | | DFND | 1,2 | 8,929 | 0 | 0 |
FOSTER WHEELER AG | COM | H27178104 | 1,148 | 35,404 | SH | | DFND | 1,2 | 35,404 | 0 | 0 |
PENTAIR LTD | SHS | H6169Q108 | 1,534 | 19,335 | SH | | DFND | 1,2 | 19,335 | 0 | 0 |
ADECOAGRO S A | COM | L00849106 | 356 | 43,606 | SH | | DFND | 1,2 | 43,606 | 0 | 0 |
OCEAN RIG UDW INC | SHS | Y64354205 | 29 | 1,609 | SH | | DFND | 1,2 | 1,609 | 0 | 0 |
AG MTG INVT TR INC | COM | 001228105 | 380 | 21,695 | SH | | DFND | 1,2 | 21,695 | 0 | 0 |
AARONS INC | COM PAR $0.50 | 002535300 | 269 | 8,908 | SH | | DFND | 1,2 | 8,908 | 0 | 0 |
ACADIA RLTY TR | COM SH BEN INT | 004239109 | 1,127 | 42,709 | SH | | DFND | 1,2 | 42,709 | 0 | 0 |
ALCOA INC | COM | 013817101 | 57 | 4,445 | SH | | DFND | 1,2 | 4,445 | 0 | 0 |
ALON USA ENERGY INC | COM | 020520102 | 12 | 815 | SH | | DFND | 1,2 | 815 | 0 | 0 |
ALON USA PARTNERS LP | UT LTDPART INT | 02052T109 | 7 | 392 | SH | | DFND | 1,2 | 392 | 0 | 0 |
ALPHA NATURAL RESOURCES INC | COM | 02076X102 | 57 | 13,458 | SH | | DFND | 1,2 | 13,458 | 0 | 0 |
AMCOL INTL CORP | COM | 02341W103 | 91 | 1,980 | SH | | DFND | 1,2 | 1,980 | 0 | 0 |
AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 445 | 24,735 | SH | | DFND | 1,2 | 24,735 | 0 | 0 |
AMERICAN VANGUARD CORP | COM | 030371108 | 327 | 15,115 | SH | | DFND | 1,2 | 15,115 | 0 | 0 |
AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 767 | 16,901 | SH | | DFND | 1,2 | 16,901 | 0 | 0 |
ANADARKO PETE CORP | COM | 032511107 | 247 | 2,919 | SH | | DFND | 1,2 | 2,919 | 0 | 0 |
ANNIES INC | COM | 03600T104 | 411 | 10,229 | SH | | DFND | 1,2 | 10,229 | 0 | 0 |
ANWORTH MORTGAGE ASSET CP | COM | 037347101 | 518 | 104,459 | SH | | DFND | 1,2 | 104,459 | 0 | 0 |
APACHE CORP | COM | 037411105 | 193 | 2,331 | SH | | DFND | 1,2 | 2,331 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COM | 03762U105 | 474 | 28,491 | SH | | DFND | 1,2 | 28,491 | 0 | 0 |
APOLLO RESIDENTIAL MTG INC | COM | 03763V102 | 382 | 23,516 | SH | | DFND | 1,2 | 23,516 | 0 | 0 |
AQUA AMERICA INC | COM | 03836W103 | 417 | 16,637 | SH | | DFND | 1,2 | 16,637 | 0 | 0 |
ARBOR RLTY TR INC | COM | 038923108 | 201 | 29,061 | SH | | DFND | 1,2 | 29,061 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 039483102 | 1,207 | 27,808 | SH | | DFND | 1,2 | 27,808 | 0 | 0 |
ARES COML REAL ESTATE CORP | COM | 04013V108 | 270 | 20,125 | SH | | DFND | 1,2 | 20,125 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 042315101 | 1,128 | 273,749 | SH | | DFND | 1,2 | 273,749 | 0 | 0 |
ARTHROCARE CORP | COM | 043136100 | 154 | 3,190 | SH | | DFND | 1,2 | 3,190 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 044103109 | 657 | 58,305 | SH | | DFND | 1,2 | 58,305 | 0 | 0 |
ASSOCIATED ESTATES RLTY CORP | COM | 045604105 | 698 | 41,224 | SH | | DFND | 1,2 | 41,224 | 0 | 0 |
AVIV REIT INC MD | COM | 05381L101 | 295 | 12,078 | SH | | DFND | 1,2 | 12,078 | 0 | 0 |
BPZ RESOURCES INC | COM | 055639108 | 11 | 3,475 | SH | | DFND | 1,2 | 3,475 | 0 | 0 |
BAKER HUGHES INC | COM | 057224107 | 163 | 2,500 | SH | | DFND | 1,2 | 2,500 | 0 | 0 |
BARCLAYS BK PLC | DJUBS CMDT ETN36 | 06738C778 | 343 | 8,701 | SH | | DFND | 1,2 | 8,701 | 0 | 0 |
BARNES & NOBLE INC | COM | 067774109 | 476 | 22,764 | SH | | DFND | 1,2 | 22,764 | 0 | 0 |
BEAM INC | COM | 073730103 | 2,430 | 29,166 | SH | | DFND | 1,2 | 29,166 | 0 | 0 |
BONANZA CREEK ENERGY INC | COM | 097793103 | 46 | 1,038 | SH | | DFND | 1,2 | 1,038 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 1,725 | 119,274 | SH | | DFND | 1,2 | 119,274 | 0 | 0 |
CVR ENERGY INC | COM | 12662P108 | 22 | 527 | SH | | DFND | 1,2 | 527 | 0 | 0 |
CVR PARTNERS LP | COM | 126633106 | 433 | 20,431 | SH | | DFND | 1,2 | 20,431 | 0 | 0 |
CVR REFNG LP | COMUNIT REP LT | 12663P107 | 29 | 1,261 | SH | | DFND | 1,2 | 1,261 | 0 | 0 |
CAMPUS CREST CMNTYS INC | COM | 13466Y105 | 428 | 49,297 | SH | | DFND | 1,2 | 49,297 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 338 | 55,253 | SH | | DFND | 1,2 | 55,253 | 0 | 0 |
CHATHAM LODGING TR | COM | 16208T102 | 94 | 4,634 | SH | | DFND | 1,2 | 4,634 | 0 | 0 |
CHESAPEAKE LODGING TR | SH BEN INT | 165240102 | 928 | 36,054 | SH | | DFND | 1,2 | 36,054 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,347 | 11,324 | SH | | DFND | 1,2 | 11,324 | 0 | 0 |
CHIQUITA BRANDS INTL INC | COM | 170032809 | 329 | 26,419 | SH | | DFND | 1,2 | 26,419 | 0 | 0 |
CLEARWATER PAPER CORP | COM | 18538R103 | 354 | 5,646 | SH | | DFND | 1,2 | 5,646 | 0 | 0 |
CLIFFS NAT RES INC | COM | 18683K101 | 12 | 609 | SH | | DFND | 1,2 | 609 | 0 | 0 |
CLOUD PEAK ENERGY INC | COM | 18911Q102 | 75 | 3,567 | SH | | DFND | 1,2 | 3,567 | 0 | 0 |
COEUR MNG INC | COM NEW | 192108504 | 113 | 12,151 | SH | | DFND | 1,2 | 12,151 | 0 | 0 |
COLONY FINL INC | COM | 19624R106 | 1,528 | 69,631 | SH | | DFND | 1,2 | 69,631 | 0 | 0 |
CONAGRA FOODS INC | COM | 205887102 | 530 | 17,089 | SH | | DFND | 1,2 | 17,089 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 502 | 7,130 | SH | | DFND | 1,2 | 7,130 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 551 | 13,802 | SH | | DFND | 1,2 | 13,802 | 0 | 0 |
COUSINS PPTYS INC | COM | 222795106 | 1,675 | 146,019 | SH | | DFND | 1,2 | 146,019 | 0 | 0 |
CREDIT SUISSE NASSAU BRH | INVRS VIX MDTERM | 22542D829 | 257 | 6,535 | SH | | DFND | 1,2 | 6,535 | 0 | 0 |
CUBESMART | COM | 229663109 | 1,763 | 102,753 | SH | | DFND | 1,2 | 102,753 | 0 | 0 |
CURRENCYSHS JAPANESE YEN TR | JAPANESE YEN | 23130A102 | 2,267 | 23,979 | SH | | DFND | 1,2 | 23,979 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 2,511 | 18,459 | SH | | DFND | 1,2 | 18,459 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 299 | 14,340 | SH | | DFND | 1,2 | 14,340 | 0 | 0 |
DCT INDUSTRIAL TRUST INC | COM | 233153105 | 1,971 | 250,098 | SH | | DFND | 1,2 | 250,098 | 0 | 0 |
DOMTAR CORP | COM NEW | 257559203 | 937 | 8,353 | SH | | DFND | 1,2 | 8,353 | 0 | 0 |
DYNEX CAP INC | COM NEW | 26817Q506 | 349 | 38,998 | SH | | DFND | 1,2 | 38,998 | 0 | 0 |
EOG RES INC | COM | 26875P101 | 300 | 1,527 | SH | | DFND | 1,2 | 1,527 | 0 | 0 |
EDUCATION RLTY TR INC | COM | 28140H104 | 870 | 88,125 | SH | | DFND | 1,2 | 88,125 | 0 | 0 |
EMERITUS CORP | COM | 291005106 | 363 | 11,547 | SH | | DFND | 1,2 | 11,547 | 0 | 0 |
EMERALD OIL INC | COM NEW | 29101U209 | 13 | 1,881 | SH | | DFND | 1,2 | 1,881 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 839 | 55,511 | SH | | DFND | 1,2 | 55,511 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 2,543 | 26,033 | SH | | DFND | 1,2 | 26,033 | 0 | 0 |
FELCOR LODGING TR INC | COM | 31430F101 | 771 | 85,233 | SH | | DFND | 1,2 | 85,233 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 1,595 | 82,576 | SH | | DFND | 1,2 | 82,576 | 0 | 0 |
FIRST POTOMAC RLTY TR | COM | 33610F109 | 572 | 44,253 | SH | | DFND | 1,2 | 44,253 | 0 | 0 |
FLOWERS FOODS INC | COM | 343498101 | 185 | 8,605 | SH | | DFND | 1,2 | 8,605 | 0 | 0 |
FLOWSERVE CORP | COM | 34354P105 | 1,035 | 13,206 | SH | | DFND | 1,2 | 13,206 | 0 | 0 |
FOREST LABS INC | COM | 345838106 | 1,857 | 20,125 | SH | | DFND | 1,2 | 20,125 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 884 | 70,146 | SH | | DFND | 1,2 | 70,146 | 0 | 0 |
FREEPORT-MCMORAN COPPER & GO | COM | 35671D857 | 130 | 3,944 | SH | | DFND | 1,2 | 3,944 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 1,423 | 27,462 | SH | | DFND | 1,2 | 27,462 | 0 | 0 |
GLIMCHER RLTY TR | SH BEN INT | 379302102 | 1,102 | 109,874 | SH | | DFND | 1,2 | 109,874 | 0 | 0 |
GOVERNMENT PPTYS INCOME TR | COM SHS BEN INT | 38376A103 | 1,064 | 42,226 | SH | | DFND | 1,2 | 42,226 | 0 | 0 |
GRAMERCY PPTY TR INC | COM | 38489R100 | 234 | 45,280 | SH | | DFND | 1,2 | 45,280 | 0 | 0 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 207 | 2,904 | SH | | DFND | 1,2 | 2,904 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 316 | 5,371 | SH | | DFND | 1,2 | 5,371 | 0 | 0 |
HARVEST NATURAL RESOURCES IN | COM | 41754V103 | 5 | 1,386 | SH | | DFND | 1,2 | 1,386 | 0 | 0 |
HERSHA HOSPITALITY TR | SH BEN INT A | 427825104 | 873 | 149,708 | SH | | DFND | 1,2 | 149,708 | 0 | 0 |
HERSHEY CO | COM | 427866108 | 984 | 9,428 | SH | | DFND | 1,2 | 9,428 | 0 | 0 |
HESS CORP | COM | 42809H107 | 164 | 1,984 | SH | | DFND | 1,2 | 1,984 | 0 | 0 |
HI-TECH PHARMACAL INC | COM | 42840B101 | 179 | 4,125 | SH | | DFND | 1,2 | 4,125 | 0 | 0 |
HILLSHIRE BRANDS CO | COM | 432589109 | 193 | 5,188 | SH | | DFND | 1,2 | 5,188 | 0 | 0 |
HORMEL FOODS CORP | COM | 440452100 | 1,174 | 23,820 | SH | | DFND | 1,2 | 23,820 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 947 | 41,063 | SH | | DFND | 1,2 | 41,063 | 0 | 0 |
ISTAR FINL INC | COM | 45031U101 | 894 | 60,601 | SH | | DFND | 1,2 | 60,601 | 0 | 0 |
IDEX CORP | COM | 45167R104 | 557 | 7,641 | SH | | DFND | 1,2 | 7,641 | 0 | 0 |
INGREDION INC | COM | 457187102 | 224 | 3,292 | SH | | DFND | 1,2 | 3,292 | 0 | 0 |
INLAND REAL ESTATE CORP | COM NEW | 457461200 | 706 | 66,952 | SH | | DFND | 1,2 | 66,952 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 1,574 | 95,555 | SH | | DFND | 1,2 | 95,555 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730103 | 730 | 81,260 | SH | | DFND | 1,2 | 81,260 | 0 | 0 |
ISHARES | EMU ETF | 464286608 | 1,364 | 32,258 | SH | | DFND | 1,2 | 32,258 | 0 | 0 |
ISHARES | TIPS BD ETF | 464287176 | 41,232 | 367,812 | SH | | DFND | 1,2 | 367,812 | 0 | 0 |
ISHARES | CORE S&P500 ETF | 464287200 | 6 | 33 | SH | | DFND | 1,2 | 33 | 0 | 0 |
ISHARES | CORE TOTUSBD ETF | 464287226 | 128,469 | 1,190,083 | SH | | DFND | 1,2 | 1,190,083 | 0 | 0 |
ISHARES | MSCI EMG MKT ETF | 464287234 | 3,849 | 93,894 | SH | | DFND | 1,2 | 93,894 | 0 | 0 |
ISHARES | IBOXX INV CP ETF | 464287242 | 35,578 | 304,166 | SH | | DFND | 1,2 | 304,166 | 0 | 0 |
ISHARES | S&P 500 GRWT ETF | 464287309 | 1,545 | 15,470 | SH | | DFND | 1,2 | 15,470 | 0 | 0 |
ISHARES | S&P 500 VAL ETF | 464287408 | 198 | 2,282 | SH | | DFND | 1,2 | 2,282 | 0 | 0 |
ISHARES | 20+ YR TR BD ETF | 464287432 | 660 | 6,051 | SH | | DFND | 1,2 | 6,051 | 0 | 0 |
ISHARES | 7-10 Y TR BD ETF | 464287440 | 1,299 | 12,771 | SH | | DFND | 1,2 | 12,771 | 0 | 0 |
ISHARES | 1-3 YR TR BD ETF | 464287457 | 38,730 | 458,611 | SH | | DFND | 1,2 | 458,611 | 0 | 0 |
ISHARES | MSCI EAFE ETF | 464287465 | 58,071 | 864,533 | SH | | DFND | 1,2 | 864,533 | 0 | 0 |
ISHARES | RUS 1000 VAL ETF | 464287598 | 648 | 6,712 | SH | | DFND | 1,2 | 6,712 | 0 | 0 |
ISHARES | RUS 1000 GRW ETF | 464287614 | 120,980 | 1,397,971 | SH | | DFND | 1,2 | 1,397,971 | 0 | 0 |
ISHARES | RUS 2000 GRW ETF | 464287648 | 1,575 | 11,577 | SH | | DFND | 1,2 | 11,577 | 0 | 0 |
ISHARES | RUSSELL 2000 ETF | 464287655 | 48,294 | 415,108 | SH | | DFND | 1,2 | 415,108 | 0 | 0 |
ISHARES | U.S. REAL ES ETF | 464287739 | 216 | 3,199 | SH | | DFND | 1,2 | 3,199 | 0 | 0 |
ISHARES | EUROPE ETF | 464287861 | 431 | 8,936 | SH | | DFND | 1,2 | 8,936 | 0 | 0 |
ISHARES | SP SMCP600GR ETF | 464287887 | 708 | 5,951 | SH | | DFND | 1,2 | 5,951 | 0 | 0 |
ISHARES | JP MOR EM MK ETF | 464288281 | 6,138 | 55,091 | SH | | DFND | 1,2 | 55,091 | 0 | 0 |
ISHARES | CREDIT BD ETF | 464288620 | 1,663 | 15,185 | SH | | DFND | 1,2 | 15,185 | 0 | 0 |
ISHARES | 3-7 YR TR BD ETF | 464288661 | 648 | 5,371 | SH | | DFND | 1,2 | 5,371 | 0 | 0 |
ISHARES | SHRT TRS BD ETF | 464288679 | 21,184 | 192,106 | SH | | DFND | 1,2 | 192,106 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 63 | 3,283 | SH | | DFND | 1,2 | 3,283 | 0 | 0 |
JONES GROUP INC | COM | 48020T101 | 953 | 63,669 | SH | | DFND | 1,2 | 63,669 | 0 | 0 |
JOY GLOBAL INC | COM | 481165108 | 362 | 6,243 | SH | | DFND | 1,2 | 6,243 | 0 | 0 |
KKR FINL HLDGS LLC | COM | 48248A306 | 396 | 34,222 | SH | | DFND | 1,2 | 34,222 | 0 | 0 |
KAPSTONE PAPER & PACKAGING C | COM | 48562P103 | 659 | 22,838 | SH | | DFND | 1,2 | 22,838 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 961 | 15,319 | SH | | DFND | 1,2 | 15,319 | 0 | 0 |
KENNEDY-WILSON HLDGS INC | COM | 489398107 | 1,214 | 53,948 | SH | | DFND | 1,2 | 53,948 | 0 | 0 |
KEY ENERGY SVCS INC | COM | 492914106 | 42 | 4,501 | SH | | DFND | 1,2 | 4,501 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 197 | 6,067 | SH | | DFND | 1,2 | 6,067 | 0 | 0 |
KITE RLTY GROUP TR | COM | 49803T102 | 601 | 100,249 | SH | | DFND | 1,2 | 100,249 | 0 | 0 |
KODIAK OIL & GAS CORP | COM | 50015Q100 | 109 | 8,998 | SH | | DFND | 1,2 | 8,998 | 0 | 0 |
LSI CORPORATION | COM | 502161102 | 2,073 | 187,218 | SH | | DFND | 1,2 | 187,218 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 1,589 | 145,644 | SH | | DFND | 1,2 | 145,644 | 0 | 0 |
LINDSAY CORP | COM | 535555106 | 661 | 7,494 | SH | | DFND | 1,2 | 7,494 | 0 | 0 |
LOUISIANA PAC CORP | COM | 546347105 | 569 | 33,710 | SH | | DFND | 1,2 | 33,710 | 0 | 0 |
MARKET VECTORS ETF TR | EM LC CURR DBT | 57060U522 | 1,838 | 78,011 | SH | | DFND | 1,2 | 78,011 | 0 | 0 |
MEADWESTVACO CORP | COM | 583334107 | 1,620 | 43,039 | SH | | DFND | 1,2 | 43,039 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 1,628 | 127,304 | SH | | DFND | 1,2 | 127,304 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 2,622 | 75,879 | SH | | DFND | 1,2 | 75,879 | 0 | 0 |
NATIONAL OILWELL VARCO INC | COM | 637071101 | 200 | 2,564 | SH | | DFND | 1,2 | 2,564 | 0 | 0 |
NEW RESIDENTIAL INVT CORP | COM | 64828T102 | 1,246 | 192,562 | SH | | DFND | 1,2 | 192,562 | 0 | 0 |
NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | 447 | 57,451 | SH | | DFND | 1,2 | 57,451 | 0 | 0 |
NEWCASTLE INVT CORP | COM | 65105M108 | 1,254 | 266,907 | SH | | DFND | 1,2 | 266,907 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 1,593 | 67,958 | SH | | DFND | 1,2 | 67,958 | 0 | 0 |
NORTHERN TIER ENERGY LP | COM UN REPR PART | 665826103 | 50 | 1,959 | SH | | DFND | 1,2 | 1,959 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 445 | 4,670 | SH | | DFND | 1,2 | 4,670 | 0 | 0 |
PBF ENERGY INC | CL A | 69318G106 | 49 | 1,883 | SH | | DFND | 1,2 | 1,883 | 0 | 0 |
PACER INTL INC TENN | COM | 69373H106 | 179 | 19,982 | SH | | DFND | 1,2 | 19,982 | 0 | 0 |
PARKWAY PPTYS INC | COM | 70159Q104 | 984 | 53,915 | SH | | DFND | 1,2 | 53,915 | 0 | 0 |
PEABODY ENERGY CORP | COM | 704549104 | 264 | 16,169 | SH | | DFND | 1,2 | 16,169 | 0 | 0 |
PEBBLEBROOK HOTEL TR | COM | 70509V100 | 1,648 | 48,805 | SH | | DFND | 1,2 | 48,805 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 914 | 50,625 | SH | | DFND | 1,2 | 50,625 | 0 | 0 |
PENNYMAC MTG INVT TR | COM | 70931T103 | 1,217 | 50,928 | SH | | DFND | 1,2 | 50,928 | 0 | 0 |
PHILLIPS 66 | COM | 718546104 | 279 | 3,616 | SH | | DFND | 1,2 | 3,616 | 0 | 0 |
PIONEER ENERGY SVCS CORP | COM | 723664108 | 27 | 2,114 | SH | | DFND | 1,2 | 2,114 | 0 | 0 |
POWERSHARES DB CMDTY IDX TRA | UNIT BEN INT | 73935S105 | 6,096 | 233,283 | SH | | DFND | 1,2 | 233,283 | 0 | 0 |
POWERSHARES DB G10 CURCY HAR | COM UT BEN INT | 73935Y102 | 6,863 | 262,335 | SH | | DFND | 1,2 | 262,335 | 0 | 0 |
POWERSHS DB MULTI SECT COMM | DB GOLD FUND | 73936B606 | 78 | 1,810 | SH | | DFND | 1,2 | 1,810 | 0 | 0 |
POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 82,562 | 3,327,773 | SH | | DFND | 1,2 | 3,327,773 | 0 | 0 |
POWERSHARES GLOBAL ETF TRUST | SOVEREIGN DEBT | 73936T573 | 3,079 | 109,958 | SH | | DFND | 1,2 | 109,958 | 0 | 0 |
PROSHARES TR II | PSHS ULSSLVR NEW | 74347W114 | 64 | 754 | SH | | DFND | 1,2 | 754 | 0 | 0 |
PROSHARES TR II | ULSHT DJ UBS CMD | 74347W676 | 104 | 1,888 | SH | | DFND | 1,2 | 1,888 | 0 | 0 |
PROSHARES TR II | ULTRASHRT EURO | 74347W882 | 723 | 42,729 | SH | | DFND | 1,2 | 42,729 | 0 | 0 |
PROSHARES TR | SHT MSCI NEW | 74347X575 | 108 | 5,346 | SH | | DFND | 1,2 | 5,346 | 0 | 0 |
PROSHARES TR | ULTSHT RUSS2000 | 74348A319 | 823 | 17,934 | SH | | DFND | 1,2 | 17,934 | 0 | 0 |
PROSHARES TR | ULSH MSCIEAF NEW | 74348A475 | 387 | 9,376 | SH | | DFND | 1,2 | 9,376 | 0 | 0 |
QR ENERGY LP | UNIT LTD PRTNS | 74734R108 | 31 | 1,747 | SH | | DFND | 1,2 | 1,747 | 0 | 0 |
RAIT FINANCIAL TRUST | COM NEW | 749227609 | 527 | 62,030 | SH | | DFND | 1,2 | 62,030 | 0 | 0 |
RAMCO-GERSHENSON PPTYS TR | COM SH BEN INT | 751452202 | 824 | 50,566 | SH | | DFND | 1,2 | 50,566 | 0 | 0 |
REDWOOD TR INC | COM | 758075402 | 1,267 | 62,467 | SH | | DFND | 1,2 | 62,467 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 458 | 22,800 | SH | | DFND | 1,2 | 22,800 | 0 | 0 |
RESOURCE CAP CORP | COM | 76120W302 | 533 | 95,768 | SH | | DFND | 1,2 | 95,768 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 814 | 54,489 | SH | | DFND | 1,2 | 54,489 | 0 | 0 |
RIVERBED TECHNOLOGY INC | COM | 768573107 | 1,049 | 53,205 | SH | | DFND | 1,2 | 53,205 | 0 | 0 |
ROYAL GOLD INC | COM | 780287108 | 536 | 8,562 | SH | | DFND | 1,2 | 8,562 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 29,224 | 156,246 | SH | | DFND | 1,2 | 156,246 | 0 | 0 |
SPDR INDEX SHS FDS | S&P EMKTSC ETF | 78463X756 | 1,709 | 36,019 | SH | | DFND | 1,2 | 36,019 | 0 | 0 |
SPDR INDEX SHS FDS | DJ INTL RL ETF | 78463X863 | 7,819 | 189,913 | SH | | DFND | 1,2 | 189,913 | 0 | 0 |
SPDR SERIES TRUST | BRC CNV SECS ETF | 78464A359 | 30,047 | 620,925 | SH | | DFND | 1,2 | 620,925 | 0 | 0 |
SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 127 | 1,622 | SH | | DFND | 1,2 | 1,622 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS AGG ETF | 78464A649 | 5,621 | 98,413 | SH | | DFND | 1,2 | 98,413 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS 1-3MT ETF | 78464A680 | 8,212 | 179,425 | SH | | DFND | 1,2 | 179,425 | 0 | 0 |
SSGA ACTIVE ETF TR | BLKSTN GSOSRLN | 78467V608 | 303 | 6,051 | SH | | DFND | 1,2 | 6,051 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 819 | 29,383 | SH | | DFND | 1,2 | 29,383 | 0 | 0 |
SANCHEZ ENERGY CORP | COM | 79970Y105 | 47 | 1,576 | SH | | DFND | 1,2 | 1,576 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 762 | 7,811 | SH | | DFND | 1,2 | 7,811 | 0 | 0 |
SEABOARD CORP | COM | 811543107 | 270 | 103 | SH | | DFND | 1,2 | 103 | 0 | 0 |
SEMGROUP CORP | CL A | 81663A105 | 96 | 1,455 | SH | | DFND | 1,2 | 1,455 | 0 | 0 |
SILVER BAY RLTY TR CORP | COM | 82735Q102 | 434 | 27,959 | SH | | DFND | 1,2 | 27,959 | 0 | 0 |
SMUCKER J M CO | COM NEW | 832696405 | 436 | 4,484 | SH | | DFND | 1,2 | 4,484 | 0 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 103 | 3,551 | SH | | DFND | 1,2 | 3,551 | 0 | 0 |
SPIRIT RLTY CAP INC NEW | COM | 84860W102 | 139 | 12,670 | SH | | DFND | 1,2 | 12,670 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 835 | 34,631 | SH | | DFND | 1,2 | 34,631 | 0 | 0 |
STERLING FINL CORP WASH | COM NEW | 859319303 | 177 | 5,315 | SH | | DFND | 1,2 | 5,315 | 0 | 0 |
STONE ENERGY CORP | COM | 861642106 | 70 | 1,661 | SH | | DFND | 1,2 | 1,661 | 0 | 0 |
SUMMIT HOTEL PPTYS | COM | 866082100 | 597 | 64,357 | SH | | DFND | 1,2 | 64,357 | 0 | 0 |
SUNOPTA INC | COM | 8676EP108 | 416 | 35,226 | SH | | DFND | 1,2 | 35,226 | 0 | 0 |
SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 1,914 | 139,410 | SH | | DFND | 1,2 | 139,410 | 0 | 0 |
SYNERGY RES CORP | COM | 87164P103 | 22 | 2,086 | SH | | DFND | 1,2 | 2,086 | 0 | 0 |
TESCO CORP | COM | 88157K101 | 21 | 1,133 | SH | | DFND | 1,2 | 1,133 | 0 | 0 |
TESORO LOGISTICS LP | COM UNIT LP | 88160T107 | 73 | 1,219 | SH | | DFND | 1,2 | 1,219 | 0 | 0 |
TEXAS INDS INC | COM | 882491103 | 1,539 | 17,175 | SH | | DFND | 1,2 | 17,175 | 0 | 0 |
TIME WARNER CABLE INC | COM | 88732J207 | 1,916 | 13,967 | SH | | DFND | 1,2 | 13,967 | 0 | 0 |
TORO CO | COM | 891092108 | 2,093 | 33,129 | SH | | DFND | 1,2 | 33,129 | 0 | 0 |
TRIQUINT SEMICONDUCTOR INC | COM | 89674K103 | 1,296 | 96,776 | SH | | DFND | 1,2 | 96,776 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 1,391 | 31,596 | SH | | DFND | 1,2 | 31,596 | 0 | 0 |
UNS ENERGY CORP | COM | 903119105 | 830 | 13,819 | SH | | DFND | 1,2 | 13,819 | 0 | 0 |
VAALCO ENERGY INC | COM NEW | 91851C201 | 16 | 1,879 | SH | | DFND | 1,2 | 1,879 | 0 | 0 |
VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 | 47,836 | 597,208 | SH | | DFND | 1,2 | 597,208 | 0 | 0 |
VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 150,380 | 1,852,204 | SH | | DFND | 1,2 | 1,852,204 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 21,610 | 523,614 | SH | | DFND | 1,2 | 523,614 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 5,111 | 125,948 | SH | | DFND | 1,2 | 125,948 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 2,089 | 35,431 | SH | | DFND | 1,2 | 35,431 | 0 | 0 |
VANGUARD INDEX FDS | REIT ETF | 922908553 | 982 | 13,909 | SH | | DFND | 1,2 | 13,909 | 0 | 0 |
VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | 958 | 7,713 | SH | | DFND | 1,2 | 7,713 | 0 | 0 |
VANGUARD INDEX FDS | GROWTH ETF | 922908736 | 2,221 | 23,758 | SH | | DFND | 1,2 | 23,758 | 0 | 0 |
VANGUARD INDEX FDS | VALUE ETF | 922908744 | 395 | 5,058 | SH | | DFND | 1,2 | 5,058 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 1,161 | 48,636 | SH | | DFND | 1,2 | 48,636 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 311 | 19,886 | SH | | DFND | 1,2 | 19,886 | 0 | 0 |
WESTERN REFNG INC | COM | 959319104 | 71 | 1,837 | SH | | DFND | 1,2 | 1,837 | 0 | 0 |
WILLIAMS COS INC DEL | COM | 969457100 | 161 | 3,965 | SH | | DFND | 1,2 | 3,965 | 0 | 0 |
WISDOMTREE TR | EMERG CUR STR FD | 97717W133 | 7,307 | 362,102 | SH | | DFND | 1,2 | 362,102 | 0 | 0 |
WISDOMTREE TR | EM LCL DEBT FD | 97717X867 | 2,106 | 45,902 | SH | | DFND | 1,2 | 45,902 | 0 | 0 |
XYLEM INC | COM | 98419M100 | 641 | 17,590 | SH | | DFND | 1,2 | 17,590 | 0 | 0 |
ZALE CORP NEW | COM | 988858106 | 269 | 12,867 | SH | | DFND | 1,2 | 12,867 | 0 | 0 |