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 | 86 | 7,513 | SH | | DFND | 1,2 | 7,513 | 0 | 0 |
BUNGE LIMITED | COM | G16962105 | 59 | 675 | SH | | DFND | 1,2 | 675 | 0 | 0 |
FREESCALE SEMICONDUCTOR LTD | SHS | G3727Q101 | 4,113 | 102,893 | SH | | DFND | 1,2 | 102,893 | 0 | 0 |
ROWAN COMPANIES PLC | SHS CL A | G7665A101 | 177 | 8,406 | SH | | DFND | 1,2 | 8,406 | 0 | 0 |
PENTAIR PLC | SHS | G7S00T104 | 1,334 | 19,405 | SH | | DFND | 1,2 | 19,405 | 0 | 0 |
PERRIGO CO PLC | SHS | G97822103 | 4,708 | 25,471 | SH | | DFND | 1,2 | 25,471 | 0 | 0 |
ADECOAGRO S A | COM | L00849106 | 408 | 44,250 | SH | | DFND | 1,2 | 44,250 | 0 | 0 |
MYLAN N V | SHS EURO | N59465109 | 4,384 | 64,602 | SH | | DFND | 1,2 | 64,602 | 0 | 0 |
OCEAN RIG UDW INC | SHS | Y64354205 | 26 | 5,144 | SH | | DFND | 1,2 | 5,144 | 0 | 0 |
AG MTG INVT TR INC | COM | 001228105 | 534 | 30,906 | SH | | DFND | 1,2 | 30,906 | 0 | 0 |
ACADIA RLTY TR | COM SH BEN INT | 004239109 | 2,190 | 75,220 | SH | | DFND | 1,2 | 75,220 | 0 | 0 |
ADVENT SOFTWARE INC | COM | 007974108 | 1,299 | 29,383 | SH | | DFND | 1,2 | 29,383 | 0 | 0 |
ALCOA INC | COM | 013817101 | 415 | 37,202 | SH | | DFND | 1,2 | 37,202 | 0 | 0 |
ALEXION PHARMACEUTICALS INC | COM | 015351109 | 0 | 1 | SH | | DFND | 1,2 | 1 | 0 | 0 |
ALON USA ENERGY INC | COM | 020520102 | 40 | 2,106 | SH | | DFND | 1,2 | 2,106 | 0 | 0 |
ALON USA PARTNERS LP | UT LTDPART INT | 02052T109 | 16 | 772 | SH | | DFND | 1,2 | 772 | 0 | 0 |
AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 656 | 35,447 | SH | | DFND | 1,2 | 35,447 | 0 | 0 |
AMERICAN VANGUARD CORP | COM | 030371108 | 180 | 13,049 | SH | | DFND | 1,2 | 13,049 | 0 | 0 |
AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 944 | 19,407 | SH | | DFND | 1,2 | 19,407 | 0 | 0 |
ANADARKO PETE CORP | COM | 032511107 | 241 | 3,087 | SH | | DFND | 1,2 | 3,087 | 0 | 0 |
ANN INC | COM | 035623107 | 1,473 | 30,499 | SH | | DFND | 1,2 | 30,499 | 0 | 0 |
ANWORTH MORTGAGE ASSET CP | COM | 037347101 | 562 | 113,896 | SH | | DFND | 1,2 | 113,896 | 0 | 0 |
APACHE CORP | COM | 037411105 | 130 | 2,257 | SH | | DFND | 1,2 | 2,257 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COM | 03762U105 | 1,049 | 63,820 | SH | | DFND | 1,2 | 63,820 | 0 | 0 |
APOLLO RESIDENTIAL MTG INC | COM | 03763V102 | 514 | 35,006 | SH | | DFND | 1,2 | 35,006 | 0 | 0 |
AQUA AMERICA INC | COM | 03836W103 | 467 | 19,086 | SH | | DFND | 1,2 | 19,086 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 039483102 | 142 | 2,944 | SH | | DFND | 1,2 | 2,944 | 0 | 0 |
ARES COML REAL ESTATE CORP | COM | 04013V108 | 316 | 27,755 | SH | | DFND | 1,2 | 27,755 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 042315101 | 1,076 | 382,904 | SH | | DFND | 1,2 | 382,904 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 044103109 | 893 | 105,608 | SH | | DFND | 1,2 | 105,608 | 0 | 0 |
ASSOCIATED ESTATES RLTY CORP | COM | 045604105 | 2,433 | 84,952 | SH | | DFND | 1,2 | 84,952 | 0 | 0 |
BAKER HUGHES INC | COM | 057224107 | 10,728 | 173,877 | SH | | DFND | 1,2 | 173,877 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P MT ETN | 06740C519 | 188 | 16,789 | SH | | DFND | 1,2 | 16,789 | 0 | 0 |
BOISE CASCADE CO DEL | COM | 09739D100 | 84 | 2,297 | SH | | DFND | 1,2 | 2,297 | 0 | 0 |
BONANZA CREEK ENERGY INC | COM | 097793103 | 51 | 2,780 | SH | | DFND | 1,2 | 2,780 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 2,593 | 195,232 | SH | | DFND | 1,2 | 195,232 | 0 | 0 |
BROADCOM CORP | CL A | 111320107 | 5,128 | 99,592 | SH | | DFND | 1,2 | 99,592 | 0 | 0 |
CLECO CORP NEW | COM | 12561W105 | 991 | 18,406 | SH | | DFND | 1,2 | 18,406 | 0 | 0 |
CVR ENERGY INC | COM | 12662P108 | 40 | 1,067 | SH | | DFND | 1,2 | 1,067 | 0 | 0 |
CVR PARTNERS LP | COM | 126633106 | 202 | 16,014 | SH | | DFND | 1,2 | 16,014 | 0 | 0 |
CVR REFNG LP | COMUNIT REP LT | 12663P107 | 55 | 3,019 | SH | | DFND | 1,2 | 3,019 | 0 | 0 |
CALIFORNIA RES CORP | COM | 13057Q107 | 129 | 21,424 | SH | | DFND | 1,2 | 21,424 | 0 | 0 |
CAMPUS CREST CMNTYS INC | COM | 13466Y105 | 388 | 70,002 | SH | | DFND | 1,2 | 70,002 | 0 | 0 |
CATAMARAN CORP | COM | 148887102 | 6,878 | 112,606 | SH | | DFND | 1,2 | 112,606 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 571 | 89,204 | SH | | DFND | 1,2 | 89,204 | 0 | 0 |
CHAMBERS STR PPTYS | COM | 157842105 | 2,064 | 259,595 | SH | | DFND | 1,2 | 259,595 | 0 | 0 |
CHESAPEAKE LODGING TR | SH BEN INT | 165240102 | 1,965 | 64,463 | SH | | DFND | 1,2 | 64,463 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 1,086 | 11,259 | SH | | DFND | 1,2 | 11,259 | 0 | 0 |
CITY NATL CORP | COM | 178566105 | 2,147 | 23,757 | SH | | DFND | 1,2 | 23,757 | 0 | 0 |
COLONY CAP INC | CL A | 19624R106 | 2,714 | 119,839 | SH | | DFND | 1,2 | 119,839 | 0 | 0 |
CONAGRA FOODS INC | COM | 205887102 | 86 | 1,977 | SH | | DFND | 1,2 | 1,977 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 453 | 7,375 | SH | | DFND | 1,2 | 7,375 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 593 | 27,272 | SH | | DFND | 1,2 | 27,272 | 0 | 0 |
COUSINS PPTYS INC | COM | 222795106 | 2,330 | 224,485 | SH | | DFND | 1,2 | 224,485 | 0 | 0 |
CREDIT SUISSE NASSAU BRH | INVRS VIX MDTERM | 22542D829 | 495 | 10,646 | SH | | DFND | 1,2 | 10,646 | 0 | 0 |
CURRENCYSHS BRIT POUND STER | BRIT POUND STE | 23129S106 | 2,521 | 16,366 | SH | | DFND | 1,2 | 16,366 | 0 | 0 |
CURRENCYSHS JAPANESE YEN TR | JAPANESE YEN | 23130A102 | 17,248 | 217,368 | SH | | DFND | 1,2 | 217,368 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 54,859 | 501,180 | SH | | DFND | 1,2 | 501,180 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 1,614 | 54,803 | SH | | DFND | 1,2 | 54,803 | 0 | 0 |
DENBURY RES INC | COM NEW | 247916208 | 152 | 23,868 | SH | | DFND | 1,2 | 23,868 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 146 | 2,462 | SH | | DFND | 1,2 | 2,462 | 0 | 0 |
DYNEX CAP INC | COM NEW | 26817Q506 | 427 | 55,993 | SH | | DFND | 1,2 | 55,993 | 0 | 0 |
EOG RES INC | COM | 26875P101 | 288 | 3,284 | SH | | DFND | 1,2 | 3,284 | 0 | 0 |
EP ENERGY CORP | CL A | 268785102 | 31 | 2,420 | SH | | DFND | 1,2 | 2,420 | 0 | 0 |
EDUCATION RLTY TR INC | COM NEW | 28140H203 | 1,658 | 52,868 | SH | | DFND | 1,2 | 52,868 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 1,959 | 114,838 | SH | | DFND | 1,2 | 114,838 | 0 | 0 |
EXCEL TR INC | COM | 30068C109 | 1,017 | 64,477 | SH | | DFND | 1,2 | 64,477 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 2,090 | 25,119 | SH | | DFND | 1,2 | 25,119 | 0 | 0 |
FELCOR LODGING TR INC | COM | 31430F101 | 1,434 | 145,183 | SH | | DFND | 1,2 | 145,183 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 2,244 | 119,834 | SH | | DFND | 1,2 | 119,834 | 0 | 0 |
FIRST POTOMAC RLTY TR | COM | 33610F109 | 651 | 63,237 | SH | | DFND | 1,2 | 63,237 | 0 | 0 |
FLOWSERVE CORP | COM | 34354P105 | 766 | 14,542 | SH | | DFND | 1,2 | 14,542 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 1,182 | 104,520 | SH | | DFND | 1,2 | 104,520 | 0 | 0 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 589 | 31,653 | SH | | DFND | 1,2 | 31,653 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 154 | 2,767 | SH | | DFND | 1,2 | 2,767 | 0 | 0 |
GOVERNMENT PPTYS INCOME TR | COM SHS BEN INT | 38376A103 | 1,403 | 75,629 | SH | | DFND | 1,2 | 75,629 | 0 | 0 |
GRAFTECH INTL LTD | COM | 384313102 | 500 | 100,732 | SH | | DFND | 1,2 | 100,732 | 0 | 0 |
GRAMERCY PPTY TR INC | COM NEW | 38489R605 | 1,411 | 60,365 | SH | | DFND | 1,2 | 60,365 | 0 | 0 |
GULFMARK OFFSHORE INC | CL A NEW | 402629208 | 19 | 1,669 | SH | | DFND | 1,2 | 1,669 | 0 | 0 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 291 | 7,239 | SH | | DFND | 1,2 | 7,239 | 0 | 0 |
HAIN CELESTIAL GROUP INC | COM | 405217100 | 31 | 472 | SH | | DFND | 1,2 | 472 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 218 | 5,068 | SH | | DFND | 1,2 | 5,068 | 0 | 0 |
HATTERAS FINL CORP | COM | 41902R103 | 1,719 | 105,451 | SH | | DFND | 1,2 | 105,451 | 0 | 0 |
HERSHA HOSPITALITY TR | PR SHS BEN INT | 427825500 | 1,348 | 52,588 | SH | | DFND | 1,2 | 52,588 | 0 | 0 |
HORMEL FOODS CORP | COM | 440452100 | 1,085 | 19,245 | SH | | DFND | 1,2 | 19,245 | 0 | 0 |
HOSPIRA INC | COM | 441060100 | 11,355 | 127,996 | SH | | DFND | 1,2 | 127,996 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 2,638 | 92,973 | SH | | DFND | 1,2 | 92,973 | 0 | 0 |
ISTAR FINL INC | COM | 45031U101 | 1,208 | 90,672 | SH | | DFND | 1,2 | 90,672 | 0 | 0 |
IDEX CORP | COM | 45167R104 | 664 | 8,445 | SH | | DFND | 1,2 | 8,445 | 0 | 0 |
IGATE CORP | COM | 45169U105 | 1,842 | 38,632 | SH | | DFND | 1,2 | 38,632 | 0 | 0 |
INDEPENDENCE RLTY TR INC | COM | 45378A106 | 203 | 27,008 | SH | | DFND | 1,2 | 27,008 | 0 | 0 |
INFORMATICA CORP | COM | 45666Q102 | 1,116 | 23,020 | SH | | DFND | 1,2 | 23,020 | 0 | 0 |
INFRAREIT INC | COM | 45685L100 | 646 | 22,767 | SH | | DFND | 1,2 | 22,767 | 0 | 0 |
INGREDION INC | COM | 457187102 | 26 | 332 | SH | | DFND | 1,2 | 332 | 0 | 0 |
INLAND REAL ESTATE CORP | COM NEW | 457461200 | 911 | 96,748 | SH | | DFND | 1,2 | 96,748 | 0 | 0 |
INTEGRATED SILICON SOLUTION | COM | 45812P107 | 609 | 27,500 | SH | | DFND | 1,2 | 27,500 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 1,940 | 135,461 | SH | | DFND | 1,2 | 135,461 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730103 | 953 | 133,437 | SH | | DFND | 1,2 | 133,437 | 0 | 0 |
ISHARES | MSCI EURZONE ETF | 464286608 | 9,516 | 253,496 | SH | | DFND | 1,2 | 253,496 | 0 | 0 |
ISHARES TR | CHINA LG-CAP ETF | 464287184 | 22,424 | 486,430 | SH | | DFND | 1,2 | 486,430 | 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 | 81,761 | 751,615 | SH | | DFND | 1,2 | 751,615 | 0 | 0 |
ISHARES TR | MSCI EMG MKT ETF | 464287234 | 190 | 4,788 | SH | | DFND | 1,2 | 4,788 | 0 | 0 |
ISHARES TR | IBOXX INV CP ETF | 464287242 | 4,591 | 39,678 | SH | | DFND | 1,2 | 39,678 | 0 | 0 |
ISHARES TR | S&P 500 GRWT ETF | 464287309 | 477 | 4,181 | SH | | DFND | 1,2 | 4,181 | 0 | 0 |
ISHARES TR | S&P 500 VAL ETF | 464287408 | 1,661 | 18,017 | SH | | DFND | 1,2 | 18,017 | 0 | 0 |
ISHARES TR | 20+ YR TR BD ETF | 464287432 | 663 | 5,647 | SH | | DFND | 1,2 | 5,647 | 0 | 0 |
ISHARES TR | 1-3 YR TR BD ETF | 464287457 | 179,963 | 2,120,693 | SH | | DFND | 1,2 | 2,120,693 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 1,779 | 28,008 | SH | | DFND | 1,2 | 28,008 | 0 | 0 |
ISHARES TR | RUS 1000 VAL ETF | 464287598 | 5,117 | 49,600 | SH | | DFND | 1,2 | 49,600 | 0 | 0 |
ISHARES TR | RUS 1000 GRW ETF | 464287614 | 1,104 | 11,154 | SH | | DFND | 1,2 | 11,154 | 0 | 0 |
ISHARES TR | RUS 2000 VAL ETF | 464287630 | 3,226 | 31,635 | SH | | DFND | 1,2 | 31,635 | 0 | 0 |
ISHARES TR | RUS 2000 GRW ETF | 464287648 | 1,881 | 12,163 | SH | | DFND | 1,2 | 12,163 | 0 | 0 |
ISHARES TR | RUSSELL 2000 ETF | 464287655 | 725 | 5,805 | SH | | DFND | 1,2 | 5,805 | 0 | 0 |
ISHARES TR | U.S. REAL ES ETF | 464287739 | 3,048 | 42,751 | SH | | DFND | 1,2 | 42,751 | 0 | 0 |
ISHARES TR | EUROPE ETF | 464287861 | 2,861 | 65,447 | SH | | DFND | 1,2 | 65,447 | 0 | 0 |
ISHARES TR | SP SMCP600VL ETF | 464287879 | 1,818 | 15,436 | SH | | DFND | 1,2 | 15,436 | 0 | 0 |
ISHARES TR | SP SMCP600GR ETF | 464287887 | 921 | 7,029 | SH | | DFND | 1,2 | 7,029 | 0 | 0 |
ISHARES | EAFE SML CP ETF | 464288273 | 23,607 | 462,712 | SH | | DFND | 1,2 | 462,712 | 0 | 0 |
ISHARES | CORE US CR BD | 464288620 | 69 | 635 | SH | | DFND | 1,2 | 635 | 0 | 0 |
ISHARES | SHRT TRS BD ETF | 464288679 | 55,735 | 505,353 | SH | | DFND | 1,2 | 505,353 | 0 | 0 |
ISHARES | INDIA 50 ETF | 464289529 | 1,312 | 43,956 | SH | | DFND | 1,2 | 43,956 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 23 | 1,493 | SH | | DFND | 1,2 | 1,493 | 0 | 0 |
ISHARES TR | MSCI INDIA ETF | 46429B598 | 4,889 | 161,297 | SH | | DFND | 1,2 | 161,297 | 0 | 0 |
ISHARES TR | CHINA ETF | 46429B671 | 6,859 | 122,394 | SH | | DFND | 1,2 | 122,394 | 0 | 0 |
JOY GLOBAL INC | COM | 481165108 | 420 | 11,593 | SH | | DFND | 1,2 | 11,593 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 104 | 1,656 | SH | | DFND | 1,2 | 1,656 | 0 | 0 |
KENNEDY-WILSON HLDGS INC | COM | 489398107 | 2,394 | 97,368 | SH | | DFND | 1,2 | 97,368 | 0 | 0 |
KEY ENERGY SVCS INC | COM | 492914106 | 16 | 9,036 | SH | | DFND | 1,2 | 9,036 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 493 | 12,847 | SH | | DFND | 1,2 | 12,847 | 0 | 0 |
KITE RLTY GROUP TR | COM NEW | 49803T300 | 2,241 | 91,584 | SH | | DFND | 1,2 | 91,584 | 0 | 0 |
KRAFT FOODS GROUP INC | COM | 50076Q106 | 13,613 | 159,888 | SH | | DFND | 1,2 | 159,888 | 0 | 0 |
LEGACY RESVS LP | UNIT LP INT | 524707304 | 34 | 4,016 | SH | | DFND | 1,2 | 4,016 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 1,742 | 205,471 | SH | | DFND | 1,2 | 205,471 | 0 | 0 |
LINDSAY CORP | COM | 535555106 | 475 | 5,406 | SH | | DFND | 1,2 | 5,406 | 0 | 0 |
LOUISIANA PAC CORP | COM | 546347105 | 141 | 8,281 | SH | | DFND | 1,2 | 8,281 | 0 | 0 |
MACK CALI RLTY CORP | COM | 554489104 | 1,623 | 88,065 | SH | | DFND | 1,2 | 88,065 | 0 | 0 |
MARATHON PETE CORP | COM | 56585A102 | 171 | 3,270 | SH | | DFND | 1,2 | 3,270 | 0 | 0 |
MARKET VECTORS ETF TR | EM LC CURR DBT | 57060U522 | 59,318 | 3,035,717 | SH | | DFND | 1,2 | 3,035,717 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 2,944 | 224,544 | SH | | DFND | 1,2 | 224,544 | 0 | 0 |
MERCER INTL INC | COM | 588056101 | 51 | 3,745 | SH | | DFND | 1,2 | 3,745 | 0 | 0 |
MID CON ENERGY PARTNERS LP | COM UNIT REPST | 59560V109 | 8 | 1,619 | SH | | DFND | 1,2 | 1,619 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 315 | 7,656 | SH | | DFND | 1,2 | 7,656 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 569 | 58,563 | SH | | DFND | 1,2 | 58,563 | 0 | 0 |
MONOGRAM RESIDENTIAL TR INC | COM | 60979P105 | 1,546 | 171,377 | SH | | DFND | 1,2 | 171,377 | 0 | 0 |
NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 | 314 | 25,286 | SH | | DFND | 1,2 | 25,286 | 0 | 0 |
NEW RESIDENTIAL INVT CORP | COM NEW | 64828T201 | 3,762 | 246,844 | SH | | DFND | 1,2 | 246,844 | 0 | 0 |
NEW SR INVT GROUP INC | COM | 648691103 | 971 | 72,605 | SH | | DFND | 1,2 | 72,605 | 0 | 0 |
NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | 897 | 119,866 | SH | | DFND | 1,2 | 119,866 | 0 | 0 |
NEW YORK REIT INC | COM | 64976L109 | 1,778 | 178,726 | SH | | DFND | 1,2 | 178,726 | 0 | 0 |
NEWCASTLE INVT CORP NEW | COM PAR $0.01 | 65105M603 | 318 | 71,981 | SH | | DFND | 1,2 | 71,981 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 1,025 | 43,891 | SH | | DFND | 1,2 | 43,891 | 0 | 0 |
NORTHERN TIER ENERGY LP | COM UN REPR PART | 665826103 | 92 | 3,861 | SH | | DFND | 1,2 | 3,861 | 0 | 0 |
OASIS PETE INC NEW | COM | 674215108 | 145 | 9,126 | SH | | DFND | 1,2 | 9,126 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 359 | 4,614 | SH | | DFND | 1,2 | 4,614 | 0 | 0 |
OFFICE DEPOT INC | COM | 676220106 | 6,256 | 722,427 | SH | | DFND | 1,2 | 722,427 | 0 | 0 |
OIL STS INTL INC | COM | 678026105 | 128 | 3,448 | SH | | DFND | 1,2 | 3,448 | 0 | 0 |
OMNICARE INC | COM | 681904108 | 7,574 | 80,366 | SH | | DFND | 1,2 | 80,366 | 0 | 0 |
OMNIVISION TECHNOLOGIES INC | COM | 682128103 | 1,941 | 74,114 | SH | | DFND | 1,2 | 74,114 | 0 | 0 |
ORBITZ WORLDWIDE INC | COM | 68557K109 | 2,954 | 258,677 | SH | | DFND | 1,2 | 258,677 | 0 | 0 |
ORCHID IS CAP INC | COM | 68571X103 | 213 | 19,023 | SH | | DFND | 1,2 | 19,023 | 0 | 0 |
PBF ENERGY INC | CL A | 69318G106 | 166 | 5,855 | SH | | DFND | 1,2 | 5,855 | 0 | 0 |
PALL CORP | COM | 696429307 | 2,636 | 21,184 | SH | | DFND | 1,2 | 21,184 | 0 | 0 |
PARKWAY PPTYS INC | COM | 70159Q104 | 1,598 | 91,637 | SH | | DFND | 1,2 | 91,637 | 0 | 0 |
PEABODY ENERGY CORP | COM | 704549104 | 72 | 32,904 | SH | | DFND | 1,2 | 32,904 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 1,572 | 73,669 | SH | | DFND | 1,2 | 73,669 | 0 | 0 |
PENNYMAC MTG INVT TR | COM | 70931T103 | 1,399 | 80,273 | SH | | DFND | 1,2 | 80,273 | 0 | 0 |
PHILLIPS 66 | COM | 718546104 | 262 | 3,254 | SH | | DFND | 1,2 | 3,254 | 0 | 0 |
PHYSICIANS RLTY TR | COM | 71943U104 | 1,179 | 76,777 | SH | | DFND | 1,2 | 76,777 | 0 | 0 |
PILGRIMS PRIDE CORP NEW | COM | 72147K108 | 435 | 18,927 | SH | | DFND | 1,2 | 18,927 | 0 | 0 |
PIONEER ENERGY SVCS CORP | COM | 723664108 | 27 | 4,285 | SH | | DFND | 1,2 | 4,285 | 0 | 0 |
PIONEER NAT RES CO | COM | 723787107 | 124 | 892 | SH | | DFND | 1,2 | 892 | 0 | 0 |
POLYPORE INTL INC | COM | 73179V103 | 6,837 | 114,171 | SH | | DFND | 1,2 | 114,171 | 0 | 0 |
POWERSHARES DB G10 CURCY HAR | COM UT BEN INT | 73935Y102 | 26,846 | 1,142,397 | SH | | DFND | 1,2 | 1,142,397 | 0 | 0 |
POWERSHS DB MULTI SECT COMM | DB GOLD FUND | 73936B606 | 62 | 1,601 | SH | | DFND | 1,2 | 1,601 | 0 | 0 |
POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 2,294 | 96,409 | SH | | DFND | 1,2 | 96,409 | 0 | 0 |
PROSHARES TR II | ULTRASHRT NEW | 74347W395 | 100 | 1,011 | SH | | DFND | 1,2 | 1,011 | 0 | 0 |
PROSHARES TR II | ULSHT BLOOMB CMD | 74347W676 | 339 | 3,811 | SH | | DFND | 1,2 | 3,811 | 0 | 0 |
PROSHARES TR | ULTSHT RUSS2000 | 74348A319 | 657 | 18,910 | SH | | DFND | 1,2 | 18,910 | 0 | 0 |
QTS RLTY TR INC | COM CL A | 74736A103 | 1,276 | 35,018 | SH | | DFND | 1,2 | 35,018 | 0 | 0 |
RAIT FINANCIAL TRUST | COM NEW | 749227609 | 551 | 90,122 | SH | | DFND | 1,2 | 90,122 | 0 | 0 |
RPC INC | COM | 749660106 | 57 | 4,115 | SH | | DFND | 1,2 | 4,115 | 0 | 0 |
RTI INTL METALS INC | COM | 74973W107 | 1,187 | 37,653 | SH | | DFND | 1,2 | 37,653 | 0 | 0 |
RAMCO-GERSHENSON PPTYS TR | COM SH BEN INT | 751452202 | 1,395 | 85,465 | SH | | DFND | 1,2 | 85,465 | 0 | 0 |
REDWOOD TR INC | COM | 758075402 | 1,432 | 91,210 | SH | | DFND | 1,2 | 91,210 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 62 | 5,514 | SH | | DFND | 1,2 | 5,514 | 0 | 0 |
RESOURCE CAP CORP | COM | 76120W302 | 552 | 142,760 | SH | | DFND | 1,2 | 142,760 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 1,585 | 101,462 | SH | | DFND | 1,2 | 101,462 | 0 | 0 |
ROSETTA RESOURCES INC | COM | 777779307 | 749 | 32,366 | SH | | DFND | 1,2 | 32,366 | 0 | 0 |
ROYAL GOLD INC | COM | 780287108 | 353 | 5,736 | SH | | DFND | 1,2 | 5,736 | 0 | 0 |
RYDEX ETF TRUST | GUG S&P500 PU VA | 78355W304 | 156 | 2,920 | SH | | DFND | 1,2 | 2,920 | 0 | 0 |
RYDEX ETF TRUST | GUG S&P500 PU GR | 78355W403 | 80 | 982 | SH | | DFND | 1,2 | 982 | 0 | 0 |
SM ENERGY CO | COM | 78454L100 | 209 | 4,528 | SH | | DFND | 1,2 | 4,528 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 2,883 | 14,005 | SH | | DFND | 1,2 | 14,005 | 0 | 0 |
SPDR INDEX SHS FDS | S&P CHINA ETF | 78463X400 | 3,884 | 43,676 | SH | | DFND | 1,2 | 43,676 | 0 | 0 |
SPDR INDEX SHS FDS | S&P EMKTSC ETF | 78463X756 | 33,217 | 737,500 | SH | | DFND | 1,2 | 737,500 | 0 | 0 |
SPDR INDEX SHS FDS | S&P INTL SMLCP | 78463X871 | 4,067 | 133,248 | SH | | DFND | 1,2 | 133,248 | 0 | 0 |
SPDR SERIES TRUST | BRC CNV SECS ETF | 78464A359 | 35,295 | 741,972 | SH | | DFND | 1,2 | 741,972 | 0 | 0 |
SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 2,041 | 24,206 | SH | | DFND | 1,2 | 24,206 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS AGG ETF | 78464A649 | 8,467 | 147,504 | SH | | DFND | 1,2 | 147,504 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS 1-3MT ETF | 78464A680 | 32,467 | 710,280 | SH | | DFND | 1,2 | 710,280 | 0 | 0 |
SSGA ACTIVE ETF TR | BLKSTN GSOSRLN | 78467V608 | 265 | 5,358 | SH | | DFND | 1,2 | 5,358 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 1,637 | 63,594 | SH | | DFND | 1,2 | 63,594 | 0 | 0 |
SANCHEZ ENERGY CORP | COM | 79970Y105 | 36 | 3,642 | SH | | DFND | 1,2 | 3,642 | 0 | 0 |
SANDERSON FARMS INC | COM | 800013104 | 819 | 10,892 | SH | | DFND | 1,2 | 10,892 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 655 | 7,594 | SH | | DFND | 1,2 | 7,594 | 0 | 0 |
SEABOARD CORP | COM | 811543107 | 306 | 85 | SH | | DFND | 1,2 | 85 | 0 | 0 |
SEMGROUP CORP | CL A | 81663A105 | 235 | 2,962 | SH | | DFND | 1,2 | 2,962 | 0 | 0 |
SIGMA ALDRICH CORP | COM | 826552101 | 4,933 | 35,400 | SH | | DFND | 1,2 | 35,400 | 0 | 0 |
SILVER BAY RLTY TR CORP | COM | 82735Q102 | 605 | 37,130 | SH | | DFND | 1,2 | 37,130 | 0 | 0 |
SMUCKER J M CO | COM NEW | 832696405 | 60 | 555 | SH | | DFND | 1,2 | 555 | 0 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 722 | 24,553 | SH | | DFND | 1,2 | 24,553 | 0 | 0 |
SPECTRA ENERGY CORP | COM | 847560109 | 131 | 4,018 | SH | | DFND | 1,2 | 4,018 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 1,439 | 71,931 | SH | | DFND | 1,2 | 71,931 | 0 | 0 |
STONE ENERGY CORP | COM | 861642106 | 47 | 3,755 | SH | | DFND | 1,2 | 3,755 | 0 | 0 |
SUMMIT HOTEL PPTYS | COM | 866082100 | 1,205 | 92,640 | SH | | DFND | 1,2 | 92,640 | 0 | 0 |
SYNERGY RES CORP | COM | 87164P103 | 70 | 6,123 | SH | | DFND | 1,2 | 6,123 | 0 | 0 |
TESCO CORP | COM | 88157K101 | 27 | 2,470 | SH | | DFND | 1,2 | 2,470 | 0 | 0 |
TESORO LOGISTICS LP | COM UNIT LP | 88160T107 | 205 | 3,592 | SH | | DFND | 1,2 | 3,592 | 0 | 0 |
TIME WARNER CABLE INC | COM | 88732J207 | 7,543 | 42,336 | SH | | DFND | 1,2 | 42,336 | 0 | 0 |
TURQUOISE HILL RES LTD | COM | 900435108 | 900 | 237,427 | SH | | DFND | 1,2 | 237,427 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 1,164 | 27,300 | SH | | DFND | 1,2 | 27,300 | 0 | 0 |
VAALCO ENERGY INC | COM NEW | 91851C201 | 8 | 3,773 | SH | | DFND | 1,2 | 3,773 | 0 | 0 |
VALERO ENERGY CORP NEW | COM | 91913Y100 | 193 | 3,084 | SH | | DFND | 1,2 | 3,084 | 0 | 0 |
VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 | 310,262 | 3,869,081 | SH | | DFND | 1,2 | 3,869,081 | 0 | 0 |
VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 229,692 | 2,826,627 | SH | | DFND | 1,2 | 2,826,627 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 879 | 22,160 | SH | | DFND | 1,2 | 22,160 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 324 | 7,947 | SH | | DFND | 1,2 | 7,947 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 13,523 | 250,519 | SH | | DFND | 1,2 | 250,519 | 0 | 0 |
VANGUARD INDEX FDS | REIT ETF | 922908553 | 17,296 | 231,564 | SH | | DFND | 1,2 | 231,564 | 0 | 0 |
VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | 1,263 | 9,400 | SH | | DFND | 1,2 | 9,400 | 0 | 0 |
VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | 22,934 | 212,727 | SH | | DFND | 1,2 | 212,727 | 0 | 0 |
VANGUARD INDEX FDS | GROWTH ETF | 922908736 | 698 | 6,520 | SH | | DFND | 1,2 | 6,520 | 0 | 0 |
VANGUARD INDEX FDS | VALUE ETF | 922908744 | 3,655 | 43,844 | SH | | DFND | 1,2 | 43,844 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 1,930 | 74,372 | SH | | DFND | 1,2 | 74,372 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 672 | 45,510 | SH | | DFND | 1,2 | 45,510 | 0 | 0 |
WESTERN REFNG INC | COM | 959319104 | 212 | 4,857 | SH | | DFND | 1,2 | 4,857 | 0 | 0 |
WILLIAMS COS INC DEL | COM | 969457100 | 257 | 4,478 | SH | | DFND | 1,2 | 4,478 | 0 | 0 |
WINTHROP RLTY TR | SH BEN INT NEW | 976391300 | 554 | 36,599 | SH | | DFND | 1,2 | 36,599 | 0 | 0 |
WISDOMTREE TR | INTL SMCAP DIV | 97717W760 | 5,551 | 92,003 | SH | | DFND | 1,2 | 92,003 | 0 | 0 |
WISDOMTREE TR | EM LCL DEBT FD | 97717X867 | 26,516 | 682,181 | SH | | DFND | 1,2 | 682,181 | 0 | 0 |
XYLEM INC | COM | 98419M100 | 730 | 19,679 | SH | | DFND | 1,2 | 19,679 | 0 | 0 |