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 | 78 | 8,658 | SH | | DFND | 1,2 | 8,658 | 0 | 0 |
BUNGE LIMITED | COM | G16962105 | 70 | 850 | SH | | DFND | 1,2 | 850 | 0 | 0 |
ROWAN COMPANIES PLC | SHS CL A | G7665A101 | 158 | 8,944 | SH | | DFND | 1,2 | 8,944 | 0 | 0 |
PENTAIR PLC | SHS | G7S00T104 | 744 | 11,831 | SH | | DFND | 1,2 | 11,831 | 0 | 0 |
ADECOAGRO S A | COM | L00849106 | 521 | 50,990 | SH | | DFND | 1,2 | 50,990 | 0 | 0 |
INTERXION HOLDING N.V | SHS | N47279109 | 376 | 13,328 | SH | | DFND | 1,2 | 13,328 | 0 | 0 |
OCEAN RIG UDW INC | SHS | Y64354205 | 22 | 3,379 | SH | | DFND | 1,2 | 3,379 | 0 | 0 |
AG MTG INVT TR INC | COM | 1228105 | 608 | 32,287 | SH | | DFND | 1,2 | 32,287 | 0 | 0 |
ACADIA RLTY TR | COM SH BEN INT | 4239109 | 2,715 | 77,849 | SH | | DFND | 1,2 | 77,849 | 0 | 0 |
ADVENT SOFTWARE INC | COM | 7974108 | 1,006 | 22,802 | SH | | DFND | 1,2 | 22,802 | 0 | 0 |
ALCOA INC | COM | 13817101 | 490 | 37,961 | SH | | DFND | 1,2 | 37,961 | 0 | 0 |
ALON USA ENERGY INC | COM | 20520102 | 34 | 2,071 | SH | | DFND | 1,2 | 2,071 | 0 | 0 |
ALON USA PARTNERS LP | UT LTDPART INT | 02052T109 | 15 | 810 | SH | | DFND | 1,2 | 810 | 0 | 0 |
AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 663 | 36,833 | SH | | DFND | 1,2 | 36,833 | 0 | 0 |
AMERICAN VANGUARD CORP | COM | 30371108 | 146 | 13,744 | SH | | DFND | 1,2 | 13,744 | 0 | 0 |
AMERICAN WTR WKS CO INC NEW | COM | 30420103 | 581 | 10,717 | SH | | DFND | 1,2 | 10,717 | 0 | 0 |
ANADARKO PETE CORP | COM | 32511107 | 219 | 2,643 | SH | | DFND | 1,2 | 2,643 | 0 | 0 |
ANWORTH MORTGAGE ASSET CP | COM | 37347101 | 614 | 120,620 | SH | | DFND | 1,2 | 120,620 | 0 | 0 |
APACHE CORP | COM | 37411105 | 123 | 2,033 | SH | | DFND | 1,2 | 2,033 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COM | 03762U105 | 1,145 | 66,630 | SH | | DFND | 1,2 | 66,630 | 0 | 0 |
APOLLO RESIDENTIAL MTG INC | COM | 03763V102 | 583 | 36,554 | SH | | DFND | 1,2 | 36,554 | 0 | 0 |
AQUA AMERICA INC | COM | 03836W103 | 280 | 10,614 | SH | | DFND | 1,2 | 10,614 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 39483102 | 139 | 2,936 | SH | | DFND | 1,2 | 2,936 | 0 | 0 |
ARES COML REAL ESTATE CORP | COM | 04013V108 | 330 | 29,846 | SH | | DFND | 1,2 | 29,846 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 42315101 | 1,268 | 400,037 | SH | | DFND | 1,2 | 400,037 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 44103109 | 1,061 | 110,330 | SH | | DFND | 1,2 | 110,330 | 0 | 0 |
ASSOCIATED ESTATES RLTY CORP | COM | 45604105 | 1,590 | 64,428 | SH | | DFND | 1,2 | 64,428 | 0 | 0 |
BAKER HUGHES INC | COM | 57224107 | 9,094 | 143,030 | SH | | DFND | 1,2 | 143,030 | 0 | 0 |
BARCLAYS BK PLC | DJUBS CMDT ETN36 | 06738C778 | 777 | 28,020 | SH | | DFND | 1,2 | 28,020 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P MT ETN | 06740C519 | 183 | 14,532 | SH | | DFND | 1,2 | 14,532 | 0 | 0 |
BONANZA CREEK ENERGY INC | COM | 97793103 | 73 | 2,944 | SH | | DFND | 1,2 | 2,944 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 3,253 | 203,583 | SH | | DFND | 1,2 | 203,583 | 0 | 0 |
CLECO CORP NEW | COM | 12561W105 | 808 | 14,814 | SH | | DFND | 1,2 | 14,814 | 0 | 0 |
CVR ENERGY INC | COM | 12662P108 | 47 | 1,109 | SH | | DFND | 1,2 | 1,109 | 0 | 0 |
CVR PARTNERS LP | COM | 126633106 | 242 | 18,430 | SH | | DFND | 1,2 | 18,430 | 0 | 0 |
CVR REFNG LP | COMUNIT REP LT | 12663P107 | 66 | 3,191 | SH | | DFND | 1,2 | 3,191 | 0 | 0 |
CALIFORNIA RES CORP | COM | 13057Q107 | 173 | 22,796 | SH | | DFND | 1,2 | 22,796 | 0 | 0 |
CAMPUS CREST CMNTYS INC | COM | 13466Y105 | 524 | 73,199 | SH | | DFND | 1,2 | 73,199 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 667 | 89,034 | SH | | DFND | 1,2 | 89,034 | 0 | 0 |
CHAMBERS STR PPTYS | COM | 157842105 | 2,141 | 271,649 | SH | | DFND | 1,2 | 271,649 | 0 | 0 |
CHESAPEAKE LODGING TR | SH BEN INT | 165240102 | 2,099 | 62,049 | SH | | DFND | 1,2 | 62,049 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,034 | 9,854 | SH | | DFND | 1,2 | 9,854 | 0 | 0 |
CITY NATL CORP | COM | 178566105 | 1,608 | 18,052 | SH | | DFND | 1,2 | 18,052 | 0 | 0 |
CLEARWATER PAPER CORP | COM | 18538R103 | 111 | 1,696 | SH | | DFND | 1,2 | 1,696 | 0 | 0 |
COLONY FINL INC | COM | 19624R106 | 3,247 | 125,266 | SH | | DFND | 1,2 | 125,266 | 0 | 0 |
CONAGRA FOODS INC | COM | 205887102 | 69 | 1,888 | SH | | DFND | 1,2 | 1,888 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 395 | 6,337 | SH | | DFND | 1,2 | 6,337 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 295 | 10,577 | SH | | DFND | 1,2 | 10,577 | 0 | 0 |
COUSINS PPTYS INC | COM | 222795106 | 2,482 | 234,148 | SH | | DFND | 1,2 | 234,148 | 0 | 0 |
CREDIT SUISSE NASSAU BRH | INVRS VIX MDTERM | 22542D829 | 424 | 10,076 | SH | | DFND | 1,2 | 10,076 | 0 | 0 |
CURRENCYSHS BRIT POUND STER | BRIT POUND STE | 23129S106 | 2,514 | 17,265 | SH | | DFND | 1,2 | 17,265 | 0 | 0 |
CURRENCYSHS JAPANESE YEN TR | JAPANESE YEN | 23130A102 | 18,057 | 222,869 | SH | | DFND | 1,2 | 222,869 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 31,418 | 297,212 | SH | | DFND | 1,2 | 297,212 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 1,248 | 40,098 | SH | | DFND | 1,2 | 40,098 | 0 | 0 |
DENBURY RES INC | COM NEW | 247916208 | 184 | 25,301 | SH | | DFND | 1,2 | 25,301 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 127 | 2,102 | SH | | DFND | 1,2 | 2,102 | 0 | 0 |
DOMTAR CORP | COM NEW | 257559203 | 240 | 5,198 | SH | | DFND | 1,2 | 5,198 | 0 | 0 |
DRESSER-RAND GROUP INC | COM | 261608103 | 2,250 | 27,998 | SH | | DFND | 1,2 | 27,998 | 0 | 0 |
DYNEX CAP INC | COM NEW | 26817Q506 | 492 | 58,102 | SH | | DFND | 1,2 | 58,102 | 0 | 0 |
EOG RES INC | COM | 26875P101 | 259 | 2,822 | SH | | DFND | 1,2 | 2,822 | 0 | 0 |
EP ENERGY CORP | CL A | 268785102 | 26 | 2,434 | SH | | DFND | 1,2 | 2,434 | 0 | 0 |
EDUCATION RLTY TR INC | COM NEW | 28140H203 | 1,942 | 54,883 | SH | | DFND | 1,2 | 54,883 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 2,202 | 117,042 | SH | | DFND | 1,2 | 117,042 | 0 | 0 |
EXCEL TR INC | COM | 30068C109 | 946 | 67,470 | SH | | DFND | 1,2 | 67,470 | 0 | 0 |
EXELIS INC | COM | 30162A108 | 2,358 | 96,766 | SH | | DFND | 1,2 | 96,766 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 1,897 | 22,312 | SH | | DFND | 1,2 | 22,312 | 0 | 0 |
FELCOR LODGING TR INC | COM | 31430F101 | 1,491 | 129,792 | SH | | DFND | 1,2 | 129,792 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 2,682 | 125,161 | SH | | DFND | 1,2 | 125,161 | 0 | 0 |
FIRST POTOMAC RLTY TR | COM | 33610F109 | 787 | 66,212 | SH | | DFND | 1,2 | 66,212 | 0 | 0 |
FLOWSERVE CORP | COM | 34354P105 | 466 | 8,246 | SH | | DFND | 1,2 | 8,246 | 0 | 0 |
FOUNDATION MEDICINE INC | COM | 350465100 | 658 | 13,680 | SH | | DFND | 1,2 | 13,680 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 1,337 | 104,320 | SH | | DFND | 1,2 | 104,320 | 0 | 0 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 693 | 36,560 | SH | | DFND | 1,2 | 36,560 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 156 | 2,755 | SH | | DFND | 1,2 | 2,755 | 0 | 0 |
GOVERNMENT PPTYS INCOME TR | COM SHS BEN INT | 38376A103 | 1,824 | 79,818 | SH | | DFND | 1,2 | 79,818 | 0 | 0 |
GRAMERCY PPTY TR INC | COM NEW | 38489R605 | 1,418 | 50,531 | SH | | DFND | 1,2 | 50,531 | 0 | 0 |
GULFMARK OFFSHORE INC | CL A NEW | 402629208 | 22 | 1,654 | SH | | DFND | 1,2 | 1,654 | 0 | 0 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 281 | 6,124 | SH | | DFND | 1,2 | 6,124 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 192 | 4,367 | SH | | DFND | 1,2 | 4,367 | 0 | 0 |
HATTERAS FINL CORP | COM | 41902R103 | 1,998 | 110,026 | SH | | DFND | 1,2 | 110,026 | 0 | 0 |
HERSHA HOSPITALITY TR | SH BEN INT A | 427825104 | 1,440 | 222,621 | SH | | DFND | 1,2 | 222,621 | 0 | 0 |
HERSHEY CO | COM | 427866108 | 102 | 1,007 | SH | | DFND | 1,2 | 1,007 | 0 | 0 |
HESS CORP | COM | 42809H107 | 114 | 1,684 | SH | | DFND | 1,2 | 1,684 | 0 | 0 |
HORMEL FOODS CORP | COM | 440452100 | 3,792 | 66,709 | SH | | DFND | 1,2 | 66,709 | 0 | 0 |
HOSPIRA INC | COM | 441060100 | 9,080 | 103,366 | SH | | DFND | 1,2 | 103,366 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 2,662 | 80,194 | SH | | DFND | 1,2 | 80,194 | 0 | 0 |
ISTAR FINL INC | COM | 45031U101 | 1,228 | 94,440 | SH | | DFND | 1,2 | 94,440 | 0 | 0 |
IDEX CORP | COM | 45167R104 | 368 | 4,849 | SH | | DFND | 1,2 | 4,849 | 0 | 0 |
INDEPENDENCE RLTY TR INC | COM | 45378A106 | 267 | 28,118 | SH | | DFND | 1,2 | 28,118 | 0 | 0 |
INGREDION INC | COM | 457187102 | 26 | 331 | SH | | DFND | 1,2 | 331 | 0 | 0 |
INLAND REAL ESTATE CORP | COM NEW | 457461200 | 1,085 | 101,474 | SH | | DFND | 1,2 | 101,474 | 0 | 0 |
INTERNATIONAL GAME TECHNOLOG | COM | 459902102 | 1,440 | 82,699 | SH | | DFND | 1,2 | 82,699 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 2,197 | 141,471 | SH | | DFND | 1,2 | 141,471 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730103 | 1,045 | 139,378 | SH | | DFND | 1,2 | 139,378 | 0 | 0 |
ISHARES | EMU ETF | 464286608 | 20,783 | 538,701 | SH | | DFND | 1,2 | 538,701 | 0 | 0 |
ISHARES TR | CHINA LG-CAP ETF | 464287184 | 1,077 | 24,261 | SH | | DFND | 1,2 | 24,261 | 0 | 0 |
ISHARES TR | CORE S&P500 ETF | 464287200 | 4 | 21 | SH | | DFND | 1,2 | 21 | 0 | 0 |
ISHARES TR | CORE US AGGBD ET | 464287226 | 91,994 | 825,579 | SH | | DFND | 1,2 | 825,579 | 0 | 0 |
ISHARES TR | MSCI EMG MKT ETF | 464287234 | 5,928 | 147,722 | SH | | DFND | 1,2 | 147,722 | 0 | 0 |
ISHARES TR | IBOXX INV CP ETF | 464287242 | 5,902 | 48,492 | SH | | DFND | 1,2 | 48,492 | 0 | 0 |
ISHARES TR | S&P 500 GRWT ETF | 464287309 | 16,828 | 147,679 | SH | | DFND | 1,2 | 147,679 | 0 | 0 |
ISHARES TR | S&P 500 VAL ETF | 464287408 | 11,287 | 121,944 | SH | | DFND | 1,2 | 121,944 | 0 | 0 |
ISHARES TR | 20+ YR TR BD ETF | 464287432 | 697 | 5,335 | SH | | DFND | 1,2 | 5,335 | 0 | 0 |
ISHARES TR | 1-3 YR TR BD ETF | 464287457 | 65,202 | 768,163 | SH | | DFND | 1,2 | 768,163 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 16,651 | 259,479 | SH | | DFND | 1,2 | 259,479 | 0 | 0 |
ISHARES TR | RUS 1000 VAL ETF | 464287598 | 34,393 | 333,653 | SH | | DFND | 1,2 | 333,653 | 0 | 0 |
ISHARES TR | RUS 1000 GRW ETF | 464287614 | 37,976 | 383,907 | SH | | DFND | 1,2 | 383,907 | 0 | 0 |
ISHARES TR | RUS 2000 GRW ETF | 464287648 | 77,278 | 509,918 | SH | | DFND | 1,2 | 509,918 | 0 | 0 |
ISHARES TR | RUSSELL 2000 ETF | 464287655 | 146 | 1,177 | SH | | DFND | 1,2 | 1,177 | 0 | 0 |
ISHARES TR | U.S. REAL ES ETF | 464287739 | 2,661 | 33,543 | SH | | DFND | 1,2 | 33,543 | 0 | 0 |
ISHARES TR | EUROPE ETF | 464287861 | 6,592 | 148,900 | SH | | DFND | 1,2 | 148,900 | 0 | 0 |
ISHARES TR | SP SMCP600GR ETF | 464287887 | 34,464 | 264,802 | SH | | DFND | 1,2 | 264,802 | 0 | 0 |
ISHARES | EAFE SML CP ETF | 464288273 | 1,131 | 22,861 | SH | | DFND | 1,2 | 22,861 | 0 | 0 |
ISHARES | JP MOR EM MK ETF | 464288281 | 10,844 | 96,714 | SH | | DFND | 1,2 | 96,714 | 0 | 0 |
ISHARES | CORE US CR BD | 464288620 | 10 | 85 | SH | | DFND | 1,2 | 85 | 0 | 0 |
ISHARES | SHRT TRS BD ETF | 464288679 | 63,602 | 576,787 | SH | | DFND | 1,2 | 576,787 | 0 | 0 |
ISHARES | INDIA 50 ETF | 464289529 | 359 | 11,456 | SH | | DFND | 1,2 | 11,456 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 102 | 6,430 | SH | | DFND | 1,2 | 6,430 | 0 | 0 |
ISHARES TR | MSCI INDIA ETF | 46429B598 | 1,194 | 37,345 | SH | | DFND | 1,2 | 37,345 | 0 | 0 |
ISHARES TR | CHINA ETF | 46429B671 | 291 | 5,346 | SH | | DFND | 1,2 | 5,346 | 0 | 0 |
JP ENERGY PARTNERS LP | UNT REPST LTD | 46643C109 | 11 | 995 | SH | | DFND | 1,2 | 995 | 0 | 0 |
JOY GLOBAL INC | COM | 481165108 | 179 | 4,560 | SH | | DFND | 1,2 | 4,560 | 0 | 0 |
KAPSTONE PAPER & PACKAGING C | COM | 48562P103 | 255 | 7,777 | SH | | DFND | 1,2 | 7,777 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 106 | 1,606 | SH | | DFND | 1,2 | 1,606 | 0 | 0 |
KENNEDY-WILSON HLDGS INC | COM | 489398107 | 2,116 | 80,940 | SH | | DFND | 1,2 | 80,940 | 0 | 0 |
KEY ENERGY SVCS INC | COM | 492914106 | 17 | 9,513 | SH | | DFND | 1,2 | 9,513 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 224 | 5,323 | SH | | DFND | 1,2 | 5,323 | 0 | 0 |
KITE RLTY GROUP TR | COM NEW | 49803T300 | 2,681 | 95,189 | SH | | DFND | 1,2 | 95,189 | 0 | 0 |
LEGACY RESVS LP | UNIT LP INT | 524707304 | 43 | 4,261 | SH | | DFND | 1,2 | 4,261 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 2,131 | 216,816 | SH | | DFND | 1,2 | 216,816 | 0 | 0 |
LINDSAY CORP | COM | 535555106 | 478 | 6,263 | SH | | DFND | 1,2 | 6,263 | 0 | 0 |
LORILLARD INC | COM | 544147101 | 6,329 | 96,854 | SH | | DFND | 1,2 | 96,854 | 0 | 0 |
LOUISIANA PAC CORP | COM | 546347105 | 190 | 11,481 | SH | | DFND | 1,2 | 11,481 | 0 | 0 |
MACK CALI RLTY CORP | COM | 554489104 | 1,773 | 91,941 | SH | | DFND | 1,2 | 91,941 | 0 | 0 |
MARATHON PETE CORP | COM | 56585A102 | 155 | 1,510 | SH | | DFND | 1,2 | 1,510 | 0 | 0 |
MARKET VECTORS ETF TR | EM LC CURR DBT | 57060U522 | 3,482 | 173,072 | SH | | DFND | 1,2 | 173,072 | 0 | 0 |
MEADWESTVACO CORP | COM | 583334107 | 2,774 | 55,624 | SH | | DFND | 1,2 | 55,624 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 3,455 | 234,367 | SH | | DFND | 1,2 | 234,367 | 0 | 0 |
MID CON ENERGY PARTNERS LP | COM UNIT REPST | 59560V109 | 10 | 1,718 | SH | | DFND | 1,2 | 1,718 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 275 | 7,613 | SH | | DFND | 1,2 | 7,613 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 675 | 60,750 | SH | | DFND | 1,2 | 60,750 | 0 | 0 |
MONOGRAM RESIDENTIAL TR INC | COM | 60979P105 | 1,709 | 183,383 | SH | | DFND | 1,2 | 183,383 | 0 | 0 |
NEW RESIDENTIAL INVT CORP | COM NEW | 64828T201 | 2,381 | 158,446 | SH | | DFND | 1,2 | 158,446 | 0 | 0 |
NEW SR INVT GROUP INC | COM | 648691103 | 1,261 | 75,827 | SH | | DFND | 1,2 | 75,827 | 0 | 0 |
NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | 930 | 119,869 | SH | | DFND | 1,2 | 119,869 | 0 | 0 |
NEW YORK REIT INC | COM | 64976L109 | 1,955 | 186,524 | SH | | DFND | 1,2 | 186,524 | 0 | 0 |
NEWCASTLE INVT CORP NEW | COM PAR $0.01 | 65105M603 | 360 | 74,180 | SH | | DFND | 1,2 | 74,180 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 1,094 | 50,390 | SH | | DFND | 1,2 | 50,390 | 0 | 0 |
NORTHERN TIER ENERGY LP | COM UN REPR PART | 665826103 | 104 | 4,110 | SH | | DFND | 1,2 | 4,110 | 0 | 0 |
OASIS PETE INC NEW | COM | 674215108 | 133 | 9,358 | SH | | DFND | 1,2 | 9,358 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 286 | 3,914 | SH | | DFND | 1,2 | 3,914 | 0 | 0 |
OFFICE DEPOT INC | COM | 676220106 | 5,367 | 583,402 | SH | | DFND | 1,2 | 583,402 | 0 | 0 |
OIL STS INTL INC | COM | 678026105 | 145 | 3,654 | SH | | DFND | 1,2 | 3,654 | 0 | 0 |
OMNIVISION TECHNOLOGIES INC | COM | 682128103 | 1,578 | 59,850 | SH | | DFND | 1,2 | 59,850 | 0 | 0 |
ORBITZ WORLDWIDE INC | COM | 68557K109 | 2,436 | 208,897 | SH | | DFND | 1,2 | 208,897 | 0 | 0 |
ORCHID IS CAP INC | COM | 68571X103 | 238 | 18,011 | SH | | DFND | 1,2 | 18,011 | 0 | 0 |
PBF ENERGY INC | CL A | 69318G106 | 211 | 6,215 | SH | | DFND | 1,2 | 6,215 | 0 | 0 |
PARKWAY PPTYS INC | COM | 70159Q104 | 1,646 | 94,858 | SH | | DFND | 1,2 | 94,858 | 0 | 0 |
PEABODY ENERGY CORP | COM | 704549104 | 61 | 12,492 | SH | | DFND | 1,2 | 12,492 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 1,787 | 76,946 | SH | | DFND | 1,2 | 76,946 | 0 | 0 |
PENNYMAC MTG INVT TR | COM | 70931T103 | 1,780 | 83,615 | SH | | DFND | 1,2 | 83,615 | 0 | 0 |
PHILLIPS 66 | COM | 718546104 | 238 | 3,034 | SH | | DFND | 1,2 | 3,034 | 0 | 0 |
PHYSICIANS RLTY TR | COM | 71943U104 | 1,414 | 80,309 | SH | | DFND | 1,2 | 80,309 | 0 | 0 |
PIONEER ENERGY SVCS CORP | COM | 723664108 | 24 | 4,517 | SH | | DFND | 1,2 | 4,517 | 0 | 0 |
POLYPORE INTL INC | COM | 73179V103 | 5,431 | 92,200 | SH | | DFND | 1,2 | 92,200 | 0 | 0 |
POWERSHARES DB CMDTY IDX TRA | UNIT BEN INT | 73935S105 | 2,350 | 137,672 | SH | | DFND | 1,2 | 137,672 | 0 | 0 |
POWERSHARES DB G10 CURCY HAR | COM UT BEN INT | 73935Y102 | 59,444 | 2,395,970 | SH | | DFND | 1,2 | 2,395,970 | 0 | 0 |
POWERSHS DB MULTI SECT COMM | DB GOLD FUND | 73936B606 | 146 | 3,740 | SH | | DFND | 1,2 | 3,740 | 0 | 0 |
POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 102,812 | 4,267,847 | SH | | DFND | 1,2 | 4,267,847 | 0 | 0 |
POWERSHARES GLOBAL ETF TRUST | SOVEREIGN DEBT | 73936T573 | 5,899 | 207,576 | SH | | DFND | 1,2 | 207,576 | 0 | 0 |
PROSHARES TR II | ULTRASHRT NEW | 74347W395 | 6 | 182 | SH | | DFND | 1,2 | 182 | 0 | 0 |
PROSHARES TR II | ULSHT BLOOMB CMD | 74347W676 | 65 | 1,652 | SH | | DFND | 1,2 | 1,652 | 0 | 0 |
PROSHARES TR | ULTSHT RUSS2000 | 74348A319 | 447 | 12,561 | SH | | DFND | 1,2 | 12,561 | 0 | 0 |
PROSHARES TR | ULSH MSCIEAF NEW | 74348A475 | 241 | 2,455 | SH | | DFND | 1,2 | 2,455 | 0 | 0 |
RAIT FINANCIAL TRUST | COM NEW | 749227609 | 642 | 93,655 | SH | | DFND | 1,2 | 93,655 | 0 | 0 |
RPC INC | COM | 749660106 | 53 | 4,165 | SH | | DFND | 1,2 | 4,165 | 0 | 0 |
RAMCO-GERSHENSON PPTYS TR | COM SH BEN INT | 751452202 | 1,634 | 87,839 | SH | | DFND | 1,2 | 87,839 | 0 | 0 |
REDWOOD TR INC | COM | 758075402 | 1,693 | 94,725 | SH | | DFND | 1,2 | 94,725 | 0 | 0 |
REGENCY ENERGY PARTNERS L P | COM UNITS L P | 75885Y107 | 975 | 42,644 | SH | | DFND | 1,2 | 42,644 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 133 | 7,684 | SH | | DFND | 1,2 | 7,684 | 0 | 0 |
RESOURCE CAP CORP | COM | 76120W302 | 677 | 149,024 | SH | | DFND | 1,2 | 149,024 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 1,923 | 105,059 | SH | | DFND | 1,2 | 105,059 | 0 | 0 |
RIVERBED TECHNOLOGY INC | COM | 768573107 | 1,853 | 88,608 | SH | | DFND | 1,2 | 88,608 | 0 | 0 |
ROYAL GOLD INC | COM | 780287108 | 409 | 6,484 | SH | | DFND | 1,2 | 6,484 | 0 | 0 |
RYDEX ETF TRUST | GUG S&P500 PU VA | 78355W304 | 91 | 1,684 | SH | | DFND | 1,2 | 1,684 | 0 | 0 |
SM ENERGY CO | COM | 78454L100 | 249 | 4,822 | SH | | DFND | 1,2 | 4,822 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 30,626 | 148,360 | SH | | DFND | 1,2 | 148,360 | 0 | 0 |
SPDR INDEX SHS FDS | S&P CHINA ETF | 78463X400 | 209 | 2,470 | SH | | DFND | 1,2 | 2,470 | 0 | 0 |
SPDR INDEX SHS FDS | S&P EMKTSC ETF | 78463X756 | 3,474 | 77,636 | SH | | DFND | 1,2 | 77,636 | 0 | 0 |
SPDR INDEX SHS FDS | DJ INTL RL ETF | 78463X863 | 2,340 | 54,017 | SH | | DFND | 1,2 | 54,017 | 0 | 0 |
SPDR INDEX SHS FDS | S&P INTL SMLCP | 78463X871 | 211 | 7,302 | SH | | DFND | 1,2 | 7,302 | 0 | 0 |
SPDR SERIES TRUST | BRC CNV SECS ETF | 78464A359 | 40,127 | 840,182 | SH | | DFND | 1,2 | 840,182 | 0 | 0 |
SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 1,624 | 17,173 | SH | | DFND | 1,2 | 17,173 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS AGG ETF | 78464A649 | 8,262 | 140,126 | SH | | DFND | 1,2 | 140,126 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS 1-3MT ETF | 78464A680 | 13,903 | 304,015 | SH | | DFND | 1,2 | 304,015 | 0 | 0 |
SSGA ACTIVE ETF TR | BLKSTN GSOSRLN | 78467V608 | 10,419 | 211,459 | SH | | DFND | 1,2 | 211,459 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 2,202 | 66,429 | SH | | DFND | 1,2 | 66,429 | 0 | 0 |
SALIX PHARMACEUTICALS INC | COM | 795435106 | 11,157 | 64,564 | SH | | DFND | 1,2 | 64,564 | 0 | 0 |
SANCHEZ ENERGY CORP | COM | 79970Y105 | 51 | 3,911 | SH | | DFND | 1,2 | 3,911 | 0 | 0 |
SANDERSON FARMS INC | COM | 800013104 | 881 | 11,064 | SH | | DFND | 1,2 | 11,064 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 558 | 6,689 | SH | | DFND | 1,2 | 6,689 | 0 | 0 |
SEABOARD CORP | COM | 811543107 | 1,248 | 302 | SH | | DFND | 1,2 | 302 | 0 | 0 |
SEMGROUP CORP | CL A | 81663A105 | 256 | 3,148 | SH | | DFND | 1,2 | 3,148 | 0 | 0 |
SIGMA ALDRICH CORP | COM | 826552101 | 3,952 | 28,586 | SH | | DFND | 1,2 | 28,586 | 0 | 0 |
SILVER BAY RLTY TR CORP | COM | 82735Q102 | 627 | 38,792 | SH | | DFND | 1,2 | 38,792 | 0 | 0 |
SMUCKER J M CO | COM NEW | 832696405 | 54 | 464 | SH | | DFND | 1,2 | 464 | 0 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 821 | 28,147 | SH | | DFND | 1,2 | 28,147 | 0 | 0 |
SPECTRA ENERGY CORP | COM | 847560109 | 125 | 3,455 | SH | | DFND | 1,2 | 3,455 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 1,738 | 73,886 | SH | | DFND | 1,2 | 73,886 | 0 | 0 |
STONE ENERGY CORP | COM | 861642106 | 57 | 3,901 | SH | | DFND | 1,2 | 3,901 | 0 | 0 |
SUMMIT HOTEL PPTYS | COM | 866082100 | 1,353 | 96,193 | SH | | DFND | 1,2 | 96,193 | 0 | 0 |
SUSQUEHANNA BANCSHARES INC P | COM | 869099101 | 614 | 44,776 | SH | | DFND | 1,2 | 44,776 | 0 | 0 |
SYNERGY RES CORP | COM | 87164P103 | 72 | 6,058 | SH | | DFND | 1,2 | 6,058 | 0 | 0 |
TRW AUTOMOTIVE HLDGS CORP | COM | 87264S106 | 4,118 | 39,276 | SH | | DFND | 1,2 | 39,276 | 0 | 0 |
TESCO CORP | COM | 88157K101 | 30 | 2,672 | SH | | DFND | 1,2 | 2,672 | 0 | 0 |
TESORO LOGISTICS LP | COM UNIT LP | 88160T107 | 203 | 3,767 | SH | | DFND | 1,2 | 3,767 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 3,293 | 85,984 | SH | | DFND | 1,2 | 85,984 | 0 | 0 |
UIL HLDG CORP | COM | 902748102 | 777 | 15,105 | SH | | DFND | 1,2 | 15,105 | 0 | 0 |
VAALCO ENERGY INC | COM NEW | 91851C201 | 10 | 3,990 | SH | | DFND | 1,2 | 3,990 | 0 | 0 |
VALERO ENERGY CORP NEW | COM | 91913Y100 | 175 | 2,752 | SH | | DFND | 1,2 | 2,752 | 0 | 0 |
VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 | 129,042 | 1,602,609 | SH | | DFND | 1,2 | 1,602,609 | 0 | 0 |
VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 233,626 | 2,802,275 | SH | | DFND | 1,2 | 2,802,275 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 7,561 | 189,842 | SH | | DFND | 1,2 | 189,842 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 8,591 | 210,198 | SH | | DFND | 1,2 | 210,198 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 29,306 | 540,497 | SH | | DFND | 1,2 | 540,497 | 0 | 0 |
VANGUARD INDEX FDS | REIT ETF | 922908553 | 13,999 | 166,518 | SH | | DFND | 1,2 | 166,518 | 0 | 0 |
VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | 44,132 | 334,892 | SH | | DFND | 1,2 | 334,892 | 0 | 0 |
VANGUARD INDEX FDS | GROWTH ETF | 922908736 | 23,848 | 227,969 | SH | | DFND | 1,2 | 227,969 | 0 | 0 |
VANGUARD INDEX FDS | VALUE ETF | 922908744 | 23,960 | 286,258 | SH | | DFND | 1,2 | 286,258 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 2,146 | 77,675 | SH | | DFND | 1,2 | 77,675 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 713 | 47,300 | SH | | DFND | 1,2 | 47,300 | 0 | 0 |
WESTERN REFNG INC | COM | 959319104 | 254 | 5,144 | SH | | DFND | 1,2 | 5,144 | 0 | 0 |
WILLIAMS COS INC DEL | COM | 969457100 | 179 | 3,536 | SH | | DFND | 1,2 | 3,536 | 0 | 0 |
WINTHROP RLTY TR | SH BEN INT NEW | 976391300 | 617 | 37,803 | SH | | DFND | 1,2 | 37,803 | 0 | 0 |
WISDOMTREE TR | EMERG CUR STR FD | 97717W133 | 1,562 | 85,870 | SH | | DFND | 1,2 | 85,870 | 0 | 0 |
WISDOMTREE TR | INTL SMCAP DIV | 97717W760 | 263 | 4,437 | SH | | DFND | 1,2 | 4,437 | 0 | 0 |
WISDOMTREE TR | EM LCL DEBT FD | 97717X867 | 1,847 | 46,467 | SH | | DFND | 1,2 | 46,467 | 0 | 0 |
XYLEM INC | COM | 98419M100 | 388 | 11,071 | SH | | DFND | 1,2 | 11,071 | 0 | 0 |