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 | 134 | 9,320 | SH | | DFND | 01, 02 | 9,320 | 0 | 0 |
BUNGE LIMITED | COM | G16962105 | 75 | 822 | SH | | DFND | 01, 02 | 822 | 0 | 0 |
COVIDIEN PLC | SHS | G2554F113 | 5,618 | 54,931 | SH | | DFND | 01, 02 | 54,931 | 0 | 0 |
ROWAN COMPANIES PLC | SHS CL A | G7665A101 | 78 | 3,325 | SH | | DFND | 01, 02 | 3,325 | 0 | 0 |
PENTAIR PLC | SHS | G7S00T104 | 987 | 14,862 | SH | | DFND | 01, 02 | 14,862 | 0 | 0 |
ADECOAGRO S A | COM | L00849106 | 440 | 54,887 | SH | | DFND | 01, 02 | 54,887 | 0 | 0 |
PROSENSA HLDG N V | SHS USD | N71546100 | 333 | 17,738 | SH | | DFND | 01, 02 | 17,738 | 0 | 0 |
OCEAN RIG UDW INC | SHS | Y64354205 | 12 | 1,254 | SH | | DFND | 01, 02 | 1,254 | 0 | 0 |
AG MTG INVT TR INC | COM | 001228105 | 523 | 28,167 | SH | | DFND | 01, 02 | 28,167 | 0 | 0 |
ACADIA RLTY TR | COM SH BEN INT | 004239109 | 2,164 | 67,572 | SH | | DFND | 01, 02 | 67,572 | 0 | 0 |
ALCOA INC | COM | 013817101 | 800 | 50,695 | SH | | DFND | 01, 02 | 50,695 | 0 | 0 |
ALERE INC | COM | 01449J105 | 332 | 8,727 | SH | | DFND | 01, 02 | 8,727 | 0 | 0 |
ALLERGAN INC | COM | 018490102 | 6,155 | 28,953 | SH | | DFND | 01, 02 | 28,953 | 0 | 0 |
ALON USA ENERGY INC | COM | 020520102 | 8 | 665 | SH | | DFND | 01, 02 | 665 | 0 | 0 |
ALON USA PARTNERS LP | UT LTDPART INT | 02052T109 | 4 | 306 | SH | | DFND | 01, 02 | 306 | 0 | 0 |
AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 565 | 32,133 | SH | | DFND | 01, 02 | 32,133 | 0 | 0 |
AMERICAN VANGUARD CORP | COM | 030371108 | 172 | 14,778 | SH | | DFND | 01, 02 | 14,778 | 0 | 0 |
AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 717 | 13,458 | SH | | DFND | 01, 02 | 13,458 | 0 | 0 |
ANADARKO PETE CORP | COM | 032511107 | 280 | 3,394 | SH | | DFND | 01, 02 | 3,394 | 0 | 0 |
ANWORTH MORTGAGE ASSET CP | COM | 037347101 | 588 | 111,959 | SH | | DFND | 01, 02 | 111,959 | 0 | 0 |
APACHE CORP | COM | 037411105 | 164 | 2,616 | SH | | DFND | 01, 02 | 2,616 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COM | 03762U105 | 765 | 46,789 | SH | | DFND | 01, 02 | 46,789 | 0 | 0 |
APOLLO RESIDENTIAL MTG INC | COM | 03763V102 | 504 | 31,940 | SH | | DFND | 01, 02 | 31,940 | 0 | 0 |
AQUA AMERICA INC | COM | 03836W103 | 356 | 13,326 | SH | | DFND | 01, 02 | 13,326 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 039483102 | 202 | 3,890 | SH | | DFND | 01, 02 | 3,890 | 0 | 0 |
ARES COML REAL ESTATE CORP | COM | 04013V108 | 299 | 26,058 | SH | | DFND | 01, 02 | 26,058 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 042315101 | 1,303 | 354,044 | SH | | DFND | 01, 02 | 354,044 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 044103109 | 885 | 84,441 | SH | | DFND | 01, 02 | 84,441 | 0 | 0 |
ASSOCIATED ESTATES RLTY CORP | COM | 045604105 | 1,304 | 56,176 | SH | | DFND | 01, 02 | 56,176 | 0 | 0 |
ATLAS PIPELINE PARTNERS LP | UNIT L P INT | 049392103 | 319 | 11,695 | SH | | DFND | 01, 02 | 11,695 | 0 | 0 |
AUXILIUM PHARMACEUTICALS INC | COM | 05334D107 | 678 | 19,727 | SH | | DFND | 01, 02 | 19,727 | 0 | 0 |
AVIV REIT INC MD | COM | 05381L101 | 1,190 | 34,515 | SH | | DFND | 01, 02 | 34,515 | 0 | 0 |
BAKER HUGHES INC | COM | 057224107 | 6,696 | 119,415 | SH | | DFND | 01, 02 | 119,415 | 0 | 0 |
BARCLAYS BK PLC | DJUBS CMDT ETN36 | 06738C778 | 95 | 3,171 | SH | | DFND | 01, 02 | 3,171 | 0 | 0 |
BONANZA CREEK ENERGY INC | COM | 097793103 | 21 | 875 | SH | | DFND | 01, 02 | 875 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 2,831 | 177,135 | SH | | DFND | 01, 02 | 177,135 | 0 | 0 |
CLECO CORP NEW | COM | 12561W105 | 1,015 | 18,604 | SH | | DFND | 01, 02 | 18,604 | 0 | 0 |
CVR ENERGY INC | COM | 12662P108 | 16 | 412 | SH | | DFND | 01, 02 | 412 | 0 | 0 |
CVR PARTNERS LP | COM | 126633106 | 193 | 19,824 | SH | | DFND | 01, 02 | 19,824 | 0 | 0 |
CVR REFNG LP | COMUNIT REP LT | 12663P107 | 20 | 1,184 | SH | | DFND | 01, 02 | 1,184 | 0 | 0 |
CALIFORNIA RES CORP | COM | 13057Q107 | 47 | 8,444 | SH | | DFND | 01, 02 | 8,444 | 0 | 0 |
CAMPUS CREST CMNTYS INC | COM | 13466Y105 | 467 | 63,858 | SH | | DFND | 01, 02 | 63,858 | 0 | 0 |
CAREFUSION CORP | COM | 14170T101 | 2,802 | 47,215 | SH | | DFND | 01, 02 | 47,215 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 529 | 72,052 | SH | | DFND | 01, 02 | 72,052 | 0 | 0 |
CHESAPEAKE LODGING TR | SH BEN INT | 165240102 | 2,010 | 54,021 | SH | | DFND | 01, 02 | 54,021 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,420 | 12,656 | SH | | DFND | 01, 02 | 12,656 | 0 | 0 |
CHIQUITA BRANDS INTL INC | COM | 170032809 | 822 | 56,875 | SH | | DFND | 01, 02 | 56,875 | 0 | 0 |
CLEARWATER PAPER CORP | COM | 18538R103 | 151 | 2,199 | SH | | DFND | 01, 02 | 2,199 | 0 | 0 |
CLOUD PEAK ENERGY INC | COM | 18911Q102 | 274 | 29,884 | SH | | DFND | 01, 02 | 29,884 | 0 | 0 |
COLONY FINL INC | COM | 19624R106 | 2,594 | 108,884 | SH | | DFND | 01, 02 | 108,884 | 0 | 0 |
CONAGRA FOODS INC | COM | 205887102 | 90 | 2,492 | SH | | DFND | 01, 02 | 2,492 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 562 | 8,137 | SH | | DFND | 01, 02 | 8,137 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 3,812 | 112,749 | SH | | DFND | 01, 02 | 112,749 | 0 | 0 |
COUSINS PPTYS INC | COM | 222795106 | 2,334 | 204,385 | SH | | DFND | 01, 02 | 204,385 | 0 | 0 |
COVANCE INC | COM | 222816100 | 4,012 | 38,641 | SH | | DFND | 01, 02 | 38,641 | 0 | 0 |
CREDIT SUISSE NASSAU BRH | INVRS VIX MDTERM | 22542D829 | 238 | 5,408 | SH | | DFND | 01, 02 | 5,408 | 0 | 0 |
CURRENCYSHS JAPANESE YEN TR | JAPANESE YEN | 23130A102 | 4,027 | 49,587 | SH | | DFND | 01, 02 | 49,587 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 1,800 | 15,112 | SH | | DFND | 01, 02 | 15,112 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 971 | 35,262 | SH | | DFND | 01, 02 | 35,262 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 165 | 2,702 | SH | | DFND | 01, 02 | 2,702 | 0 | 0 |
DIGITAL RIV INC | COM | 25388B104 | 363 | 14,681 | SH | | DFND | 01, 02 | 14,681 | 0 | 0 |
DIRECTV | COM | 25490A309 | 3,305 | 38,122 | SH | | DFND | 01, 02 | 38,122 | 0 | 0 |
DOMTAR CORP | COM NEW | 257559203 | 270 | 6,717 | SH | | DFND | 01, 02 | 6,717 | 0 | 0 |
DRESSER-RAND GROUP INC | COM | 261608103 | 2,726 | 33,325 | SH | | DFND | 01, 02 | 33,325 | 0 | 0 |
DYNEX CAP INC | COM NEW | 26817Q506 | 417 | 50,583 | SH | | DFND | 01, 02 | 50,583 | 0 | 0 |
EOG RES INC | COM | 26875P101 | 333 | 3,622 | SH | | DFND | 01, 02 | 3,622 | 0 | 0 |
EDUCATION RLTY TR INC | COM NEW | 28140H203 | 1,731 | 47,316 | SH | | DFND | 01, 02 | 47,316 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 1,662 | 94,559 | SH | | DFND | 01, 02 | 94,559 | 0 | 0 |
EXCEL TR INC | COM | 30068C109 | 757 | 56,517 | SH | | DFND | 01, 02 | 56,517 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 2,648 | 28,646 | SH | | DFND | 01, 02 | 28,646 | 0 | 0 |
FAMILY DLR STORES INC | COM | 307000109 | 3,408 | 43,029 | SH | | DFND | 01, 02 | 43,029 | 0 | 0 |
FELCOR LODGING TR INC | COM | 31430F101 | 1,201 | 111,029 | SH | | DFND | 01, 02 | 111,029 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 2,214 | 107,662 | SH | | DFND | 01, 02 | 107,662 | 0 | 0 |
FIRST POTOMAC RLTY TR | COM | 33610F109 | 713 | 57,719 | SH | | DFND | 01, 02 | 57,719 | 0 | 0 |
FLOWSERVE CORP | COM | 34354P105 | 620 | 10,361 | SH | | DFND | 01, 02 | 10,361 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 1,117 | 91,016 | SH | | DFND | 01, 02 | 91,016 | 0 | 0 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 1,141 | 48,834 | SH | | DFND | 01, 02 | 48,834 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 194 | 3,645 | SH | | DFND | 01, 02 | 3,645 | 0 | 0 |
GLIMCHER RLTY TR | SH BEN INT | 379302102 | 2,760 | 200,882 | SH | | DFND | 01, 02 | 200,882 | 0 | 0 |
GOVERNMENT PPTYS INCOME TR | COM SHS BEN INT | 38376A103 | 1,602 | 69,630 | SH | | DFND | 01, 02 | 69,630 | 0 | 0 |
GRAMERCY PPTY TR INC | COM | 38489R100 | 1,208 | 175,061 | SH | | DFND | 01, 02 | 175,061 | 0 | 0 |
GULFMARK OFFSHORE INC | CL A NEW | 402629208 | 16 | 647 | SH | | DFND | 01, 02 | 647 | 0 | 0 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 95 | 2,272 | SH | | DFND | 01, 02 | 2,272 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 221 | 5,628 | SH | | DFND | 01, 02 | 5,628 | 0 | 0 |
HERSHA HOSPITALITY TR | SH BEN INT A | 427825104 | 1,365 | 194,132 | SH | | DFND | 01, 02 | 194,132 | 0 | 0 |
HERSHEY CO | COM | 427866108 | 138 | 1,324 | SH | | DFND | 01, 02 | 1,324 | 0 | 0 |
HORMEL FOODS CORP | COM | 440452100 | 4,707 | 90,342 | SH | | DFND | 01, 02 | 90,342 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 1,723 | 57,307 | SH | | DFND | 01, 02 | 57,307 | 0 | 0 |
ISTAR FINL INC | COM | 45031U101 | 1,122 | 82,185 | SH | | DFND | 01, 02 | 82,185 | 0 | 0 |
IDEX CORP | COM | 45167R104 | 474 | 6,092 | SH | | DFND | 01, 02 | 6,092 | 0 | 0 |
INDEPENDENCE RLTY TR INC | COM | 45378A106 | 229 | 24,588 | SH | | DFND | 01, 02 | 24,588 | 0 | 0 |
INGREDION INC | COM | 457187102 | 37 | 442 | SH | | DFND | 01, 02 | 442 | 0 | 0 |
INLAND REAL ESTATE CORP | COM NEW | 457461200 | 963 | 87,931 | SH | | DFND | 01, 02 | 87,931 | 0 | 0 |
INTEGRYS ENERGY GROUP INC | COM | 45822P105 | 683 | 8,767 | SH | | DFND | 01, 02 | 8,767 | 0 | 0 |
INTERNATIONAL GAME TECHNOLOG | COM | 459902102 | 566 | 32,795 | SH | | DFND | 01, 02 | 32,795 | 0 | 0 |
INTERNATIONAL RECTIFIER CORP | COM | 460254105 | 1,174 | 29,421 | SH | | DFND | 01, 02 | 29,421 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 1,908 | 123,424 | SH | | DFND | 01, 02 | 123,424 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730103 | 974 | 119,245 | SH | | DFND | 01, 02 | 119,245 | 0 | 0 |
ISHARES | EMU ETF | 464286608 | 30,634 | 843,222 | SH | | DFND | 01, 02 | 843,222 | 0 | 0 |
ISHARES TR | CORE S&P500 ETF | 464287200 | 6 | 28 | SH | | DFND | 01, 02 | 28 | 0 | 0 |
ISHARES TR | CORE US AGGBD ET | 464287226 | 78,727 | 714,921 | SH | | DFND | 01, 02 | 714,921 | 0 | 0 |
ISHARES TR | MSCI EMG MKT ETF | 464287234 | 19,313 | 491,561 | SH | | DFND | 01, 02 | 491,561 | 0 | 0 |
ISHARES TR | IBOXX INV CP ETF | 464287242 | 5,589 | 46,802 | SH | | DFND | 01, 02 | 46,802 | 0 | 0 |
ISHARES TR | S&P 500 GRWT ETF | 464287309 | 12,060 | 108,063 | SH | | DFND | 01, 02 | 108,063 | 0 | 0 |
ISHARES TR | S&P 500 VAL ETF | 464287408 | 9,315 | 99,343 | SH | | DFND | 01, 02 | 99,343 | 0 | 0 |
ISHARES TR | 1-3 YR TR BD ETF | 464287457 | 73,126 | 865,912 | SH | | DFND | 01, 02 | 865,912 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 8,180 | 134,443 | SH | | DFND | 01, 02 | 134,443 | 0 | 0 |
ISHARES TR | RUS 1000 VAL ETF | 464287598 | 27,530 | 263,697 | SH | | DFND | 01, 02 | 263,697 | 0 | 0 |
ISHARES TR | RUS 1000 GRW ETF | 464287614 | 26,942 | 281,791 | SH | | DFND | 01, 02 | 281,791 | 0 | 0 |
ISHARES TR | RUS 2000 GRW ETF | 464287648 | 79,952 | 561,541 | SH | | DFND | 01, 02 | 561,541 | 0 | 0 |
ISHARES TR | U.S. REAL ES ETF | 464287739 | 3,541 | 46,085 | SH | | DFND | 01, 02 | 46,085 | 0 | 0 |
ISHARES TR | EUROPE ETF | 464287861 | 11,442 | 269,038 | SH | | DFND | 01, 02 | 269,038 | 0 | 0 |
ISHARES TR | SP SMCP600GR ETF | 464287887 | 34,495 | 281,849 | SH | | DFND | 01, 02 | 281,849 | 0 | 0 |
ISHARES | JP MOR EM MK ETF | 464288281 | 26,841 | 244,652 | SH | | DFND | 01, 02 | 244,652 | 0 | 0 |
ISHARES | CORE US CR BD | 464288620 | 19 | 172 | SH | | DFND | 01, 02 | 172 | 0 | 0 |
ISHARES | SHRT TRS BD ETF | 464288679 | 68,880 | 624,762 | SH | | DFND | 01, 02 | 624,762 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 33 | 2,219 | SH | | DFND | 01, 02 | 2,219 | 0 | 0 |
JP ENERGY PARTNERS LP | UNT REPST LTD | 46643C109 | 5 | 370 | SH | | DFND | 01, 02 | 370 | 0 | 0 |
JOY GLOBAL INC | COM | 481165108 | 2,271 | 48,810 | SH | | DFND | 01, 02 | 48,810 | 0 | 0 |
KAPSTONE PAPER & PACKAGING C | COM | 48562P103 | 295 | 10,059 | SH | | DFND | 01, 02 | 10,059 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 140 | 2,132 | SH | | DFND | 01, 02 | 2,132 | 0 | 0 |
KENNEDY-WILSON HLDGS INC | COM | 489398107 | 1,755 | 69,366 | SH | | DFND | 01, 02 | 69,366 | 0 | 0 |
KEY ENERGY SVCS INC | COM | 492914106 | 6 | 3,521 | SH | | DFND | 01, 02 | 3,521 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 289 | 6,831 | SH | | DFND | 01, 02 | 6,831 | 0 | 0 |
KITE RLTY GROUP TR | COM NEW | 49803T300 | 2,387 | 83,058 | SH | | DFND | 01, 02 | 83,058 | 0 | 0 |
LEGACY RESVS LP | UNIT LP INT | 524707304 | 18 | 1,581 | SH | | DFND | 01, 02 | 1,581 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 2,069 | 188,405 | SH | | DFND | 01, 02 | 188,405 | 0 | 0 |
LINDSAY CORP | COM | 535555106 | 582 | 6,790 | SH | | DFND | 01, 02 | 6,790 | 0 | 0 |
LORILLARD INC | COM | 544147101 | 1,994 | 31,688 | SH | | DFND | 01, 02 | 31,688 | 0 | 0 |
LOUISIANA PAC CORP | COM | 546347105 | 246 | 14,847 | SH | | DFND | 01, 02 | 14,847 | 0 | 0 |
MACK CALI RLTY CORP | COM | 554489104 | 1,528 | 80,170 | SH | | DFND | 01, 02 | 80,170 | 0 | 0 |
MARATHON PETE CORP | COM | 56585A102 | 175 | 1,942 | SH | | DFND | 01, 02 | 1,942 | 0 | 0 |
MARKET VECTORS ETF TR | EM LC CURR DBT | 57060U522 | 928 | 43,844 | SH | | DFND | 01, 02 | 43,844 | 0 | 0 |
MEADWESTVACO CORP | COM | 583334107 | 814 | 18,343 | SH | | DFND | 01, 02 | 18,343 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 2,322 | 168,538 | SH | | DFND | 01, 02 | 168,538 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 366 | 10,084 | SH | | DFND | 01, 02 | 10,084 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 582 | 52,618 | SH | | DFND | 01, 02 | 52,618 | 0 | 0 |
MONOGRAM RESIDENTIAL TR INC | COM | 60979P105 | 1,569 | 169,470 | SH | | DFND | 01, 02 | 169,470 | 0 | 0 |
NATIONAL OILWELL VARCO INC | COM | 637071101 | 168 | 2,560 | SH | | DFND | 01, 02 | 2,560 | 0 | 0 |
NEW RESIDENTIAL INVT CORP | COM NEW | 64828T201 | 1,766 | 138,304 | SH | | DFND | 01, 02 | 138,304 | 0 | 0 |
NEW SR INVT GROUP INC | COM | 648691103 | 1,097 | 66,704 | SH | | DFND | 01, 02 | 66,704 | 0 | 0 |
NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | 806 | 104,521 | SH | | DFND | 01, 02 | 104,521 | 0 | 0 |
NEW YORK REIT INC | COM | 64976L109 | 1,725 | 162,853 | SH | | DFND | 01, 02 | 162,853 | 0 | 0 |
NEWCASTLE INVT CORP NEW | COM PAR $0.01 | 65105M603 | 293 | 65,221 | SH | | DFND | 01, 02 | 65,221 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 207 | 10,933 | SH | | DFND | 01, 02 | 10,933 | 0 | 0 |
NORTHERN TIER ENERGY LP | COM UN REPR PART | 665826103 | 34 | 1,523 | SH | | DFND | 01, 02 | 1,523 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 405 | 5,025 | SH | | DFND | 01, 02 | 5,025 | 0 | 0 |
OIL STS INTL INC | COM | 678026105 | 69 | 1,406 | SH | | DFND | 01, 02 | 1,406 | 0 | 0 |
OMNIVISION TECHNOLOGIES INC | COM | 682128103 | 438 | 16,830 | SH | | DFND | 01, 02 | 16,830 | 0 | 0 |
ORCHID IS CAP INC | COM | 68571X103 | 212 | 16,260 | SH | | DFND | 01, 02 | 16,260 | 0 | 0 |
PBF ENERGY INC | CL A | 69318G106 | 60 | 2,247 | SH | | DFND | 01, 02 | 2,247 | 0 | 0 |
PARKWAY PPTYS INC | COM | 70159Q104 | 1,524 | 82,875 | SH | | DFND | 01, 02 | 82,875 | 0 | 0 |
PEABODY ENERGY CORP | COM | 704549104 | 1,030 | 133,127 | SH | | DFND | 01, 02 | 133,127 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 1,573 | 67,058 | SH | | DFND | 01, 02 | 67,058 | 0 | 0 |
PENNYMAC MTG INVT TR | COM | 70931T103 | 1,460 | 69,208 | SH | | DFND | 01, 02 | 69,208 | 0 | 0 |
PHILLIPS 66 | COM | 718546104 | 279 | 3,895 | SH | | DFND | 01, 02 | 3,895 | 0 | 0 |
PHYSICIANS RLTY TR | COM | 71943U104 | 783 | 47,162 | SH | | DFND | 01, 02 | 47,162 | 0 | 0 |
PIONEER ENERGY SVCS CORP | COM | 723664108 | 9 | 1,678 | SH | | DFND | 01, 02 | 1,678 | 0 | 0 |
POWERSHARES DB CMDTY IDX TRA | UNIT BEN INT | 73935S105 | 312 | 16,937 | SH | | DFND | 01, 02 | 16,937 | 0 | 0 |
POWERSHARES DB G10 CURCY HAR | COM UT BEN INT | 73935Y102 | 1,096 | 42,901 | SH | | DFND | 01, 02 | 42,901 | 0 | 0 |
POWERSHS DB MULTI SECT COMM | DB GOLD FUND | 73936B606 | 7 | 191 | SH | | DFND | 01, 02 | 191 | 0 | 0 |
POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 126,448 | 5,262,102 | SH | | DFND | 01, 02 | 5,262,102 | 0 | 0 |
POWERSHARES GLOBAL ETF TRUST | SOVEREIGN DEBT | 73936T573 | 13,076 | 464,341 | SH | | DFND | 01, 02 | 464,341 | 0 | 0 |
PROSHARES TR II | PSHS ULSSLVR NEW | 74347W114 | 1 | 11 | SH | | DFND | 01, 02 | 11 | 0 | 0 |
PROSHARES TR II | ULTRASHRT NEW | 74347W395 | 9 | 91 | SH | | DFND | 01, 02 | 91 | 0 | 0 |
PROSHARES TR II | ULTRASHRT EURO | 74347W882 | 336 | 16,813 | SH | | DFND | 01, 02 | 16,813 | 0 | 0 |
PROSHARES TR | SHT MSCI NEW | 74347X575 | 360 | 4,750 | SH | | DFND | 01, 02 | 4,750 | 0 | 0 |
PROSHARES TR | ULTSHT RUSS2000 | 74348A319 | 709 | 14,401 | SH | | DFND | 01, 02 | 14,401 | 0 | 0 |
PROTECTIVE LIFE CORP | COM | 743674103 | 648 | 9,305 | SH | | DFND | 01, 02 | 9,305 | 0 | 0 |
RAIT FINANCIAL TRUST | COM NEW | 749227609 | 627 | 81,767 | SH | | DFND | 01, 02 | 81,767 | 0 | 0 |
RAMCO-GERSHENSON PPTYS TR | COM SH BEN INT | 751452202 | 1,430 | 76,311 | SH | | DFND | 01, 02 | 76,311 | 0 | 0 |
REDWOOD TR INC | COM | 758075402 | 1,609 | 81,684 | SH | | DFND | 01, 02 | 81,684 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 175 | 9,933 | SH | | DFND | 01, 02 | 9,933 | 0 | 0 |
RESOURCE CAP CORP | COM | 76120W302 | 645 | 127,900 | SH | | DFND | 01, 02 | 127,900 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 1,538 | 91,578 | SH | | DFND | 01, 02 | 91,578 | 0 | 0 |
ROCKWOOD HLDGS INC | COM | 774415103 | 956 | 12,137 | SH | | DFND | 01, 02 | 12,137 | 0 | 0 |
ROYAL GOLD INC | COM | 780287108 | 88 | 1,408 | SH | | DFND | 01, 02 | 1,408 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 41,229 | 200,627 | SH | | DFND | 01, 02 | 200,627 | 0 | 0 |
SPDR INDEX SHS FDS | S&P EMKTSC ETF | 78463X756 | 1,531 | 34,521 | SH | | DFND | 01, 02 | 34,521 | 0 | 0 |
SPDR INDEX SHS FDS | DJ INTL RL ETF | 78463X863 | 5,287 | 127,195 | SH | | DFND | 01, 02 | 127,195 | 0 | 0 |
SPDR SERIES TRUST | BRC CNV SECS ETF | 78464A359 | 46,086 | 982,856 | SH | | DFND | 01, 02 | 982,856 | 0 | 0 |
SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 1,937 | 21,305 | SH | | DFND | 01, 02 | 21,305 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS AGG ETF | 78464A649 | 7,294 | 125,063 | SH | | DFND | 01, 02 | 125,063 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS 1-3MT ETF | 78464A680 | 14,892 | 325,590 | SH | | DFND | 01, 02 | 325,590 | 0 | 0 |
SSGA ACTIVE ETF TR | BLKSTN GSOSRLN | 78467V608 | 11,998 | 246,122 | SH | | DFND | 01, 02 | 246,122 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 1,620 | 53,352 | SH | | DFND | 01, 02 | 53,352 | 0 | 0 |
SANCHEZ ENERGY CORP | COM | 79970Y105 | 13 | 1,424 | SH | | DFND | 01, 02 | 1,424 | 0 | 0 |
SANDERSON FARMS INC | COM | 800013104 | 998 | 11,877 | SH | | DFND | 01, 02 | 11,877 | 0 | 0 |
SAPIENT CORP | COM | 803062108 | 713 | 28,677 | SH | | DFND | 01, 02 | 28,677 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 733 | 8,587 | SH | | DFND | 01, 02 | 8,587 | 0 | 0 |
SEABOARD CORP | COM | 811543107 | 1,704 | 406 | SH | | DFND | 01, 02 | 406 | 0 | 0 |
SEMGROUP CORP | CL A | 81663A105 | 79 | 1,160 | SH | | DFND | 01, 02 | 1,160 | 0 | 0 |
SIGMA ALDRICH CORP | COM | 826552101 | 2,386 | 17,380 | SH | | DFND | 01, 02 | 17,380 | 0 | 0 |
SILVER BAY RLTY TR CORP | COM | 82735Q102 | 578 | 34,925 | SH | | DFND | 01, 02 | 34,925 | 0 | 0 |
SMUCKER J M CO | COM NEW | 832696405 | 62 | 613 | SH | | DFND | 01, 02 | 613 | 0 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 1,060 | 37,593 | SH | | DFND | 01, 02 | 37,593 | 0 | 0 |
SPECTRA ENERGY CORP | COM | 847560109 | 161 | 4,442 | SH | | DFND | 01, 02 | 4,442 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 1,577 | 64,355 | SH | | DFND | 01, 02 | 64,355 | 0 | 0 |
STONE ENERGY CORP | COM | 861642106 | 25 | 1,466 | SH | | DFND | 01, 02 | 1,466 | 0 | 0 |
SUMMIT HOTEL PPTYS | COM | 866082100 | 1,045 | 83,989 | SH | | DFND | 01, 02 | 83,989 | 0 | 0 |
SUSQUEHANNA BANCSHARES INC P | COM | 869099101 | 565 | 42,102 | SH | | DFND | 01, 02 | 42,102 | 0 | 0 |
SYNERGY RES CORP | COM | 87164P103 | 21 | 1,704 | SH | | DFND | 01, 02 | 1,704 | 0 | 0 |
TRW AUTOMOTIVE HLDGS CORP | COM | 87264S106 | 1,344 | 13,066 | SH | | DFND | 01, 02 | 13,066 | 0 | 0 |
TESCO CORP | COM | 88157K101 | 12 | 906 | SH | | DFND | 01, 02 | 906 | 0 | 0 |
TESORO LOGISTICS LP | COM UNIT LP | 88160T107 | 82 | 1,398 | SH | | DFND | 01, 02 | 1,398 | 0 | 0 |
TIME WARNER CABLE INC | COM | 88732J207 | 4,400 | 28,933 | SH | | DFND | 01, 02 | 28,933 | 0 | 0 |
TRULIA INC | COM | 897888103 | 822 | 17,863 | SH | | DFND | 01, 02 | 17,863 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 4,669 | 116,452 | SH | | DFND | 01, 02 | 116,452 | 0 | 0 |
VAALCO ENERGY INC | COM NEW | 91851C201 | 7 | 1,483 | SH | | DFND | 01, 02 | 1,483 | 0 | 0 |
VALERO ENERGY CORP NEW | COM | 91913Y100 | 175 | 3,529 | SH | | DFND | 01, 02 | 3,529 | 0 | 0 |
VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 | 136,300 | 1,704,815 | SH | | DFND | 01, 02 | 1,704,815 | 0 | 0 |
VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 225,279 | 2,734,960 | SH | | DFND | 01, 02 | 2,734,960 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 3,587 | 94,701 | SH | | DFND | 01, 02 | 94,701 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 25,374 | 634,033 | SH | | DFND | 01, 02 | 634,033 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 48,048 | 916,766 | SH | | DFND | 01, 02 | 916,766 | 0 | 0 |
VANGUARD INDEX FDS | REIT ETF | 922908553 | 17,654 | 217,954 | SH | | DFND | 01, 02 | 217,954 | 0 | 0 |
VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | 47,216 | 374,905 | SH | | DFND | 01, 02 | 374,905 | 0 | 0 |
VANGUARD INDEX FDS | GROWTH ETF | 922908736 | 17,582 | 168,429 | SH | | DFND | 01, 02 | 168,429 | 0 | 0 |
VANGUARD INDEX FDS | VALUE ETF | 922908744 | 18,571 | 219,806 | SH | | DFND | 01, 02 | 219,806 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 1,836 | 66,379 | SH | | DFND | 01, 02 | 66,379 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 605 | 41,177 | SH | | DFND | 01, 02 | 41,177 | 0 | 0 |
WESTERN REFNG INC | COM | 959319104 | 75 | 1,988 | SH | | DFND | 01, 02 | 1,988 | 0 | 0 |
WILLIAMS COS INC DEL | COM | 969457100 | 204 | 4,537 | SH | | DFND | 01, 02 | 4,537 | 0 | 0 |
WINTHROP RLTY TR | SH BEN INT NEW | 976391300 | 514 | 32,979 | SH | | DFND | 01, 02 | 32,979 | 0 | 0 |
WISDOMTREE TR | EMERG CUR STR FD | 97717W133 | 1,563 | 84,095 | SH | | DFND | 01, 02 | 84,095 | 0 | 0 |
WISDOMTREE TR | EM LCL DEBT FD | 97717X867 | 693 | 16,657 | SH | | DFND | 01, 02 | 16,657 | 0 | 0 |
XYLEM INC | COM | 98419M100 | 529 | 13,906 | SH | | DFND | 01, 02 | 13,906 | 0 | 0 |