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 |
AG MTG INVT TR INC | COM | 001228105 | 464 | 30,467 | SH | | DFND | 1,2 | 30,467 | 0 | 0 |
ACADIA RLTY TR | COM SH BEN INT | 004239109 | 2,232 | 74,220 | SH | | DFND | 1,2 | 74,220 | 0 | 0 |
ALCOA INC | COM | 013817101 | 355 | 36,766 | SH | | DFND | 1,2 | 36,766 | 0 | 0 |
ALON USA ENERGY INC | COM | 020520102 | 30 | 1,639 | SH | | DFND | 1,2 | 1,639 | 0 | 0 |
ALON USA PARTNERS LP | UT LTDPART INT | 02052T109 | 14 | 597 | SH | | DFND | 1,2 | 597 | 0 | 0 |
AMERICAN RESIDENTIAL PPTYS I | COM | 02927E303 | 604 | 34,974 | SH | | DFND | 1,2 | 34,974 | 0 | 0 |
AMERICAN VANGUARD CORP | COM | 030371108 | 145 | 12,526 | SH | | DFND | 1,2 | 12,526 | 0 | 0 |
AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 737 | 13,375 | SH | | DFND | 1,2 | 13,375 | 0 | 0 |
ANADARKO PETE CORP | COM | 032511107 | 110 | 1,825 | SH | | DFND | 1,2 | 1,825 | 0 | 0 |
ANWORTH MORTGAGE ASSET CP | COM | 037347101 | 543 | 109,934 | SH | | DFND | 1,2 | 109,934 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COM | 03762U105 | 989 | 62,935 | SH | | DFND | 1,2 | 62,935 | 0 | 0 |
APOLLO RESIDENTIAL MTG INC | COM | 03763V102 | 437 | 34,515 | SH | | DFND | 1,2 | 34,515 | 0 | 0 |
AQUA AMERICA INC | COM | 03836W103 | 348 | 13,153 | SH | | DFND | 1,2 | 13,153 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 039483102 | 339 | 8,167 | SH | | DFND | 1,2 | 8,167 | 0 | 0 |
ARES COML REAL ESTATE CORP | COM | 04013V108 | 328 | 27,369 | SH | | DFND | 1,2 | 27,369 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 044103109 | 598 | 98,063 | SH | | DFND | 1,2 | 98,063 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P MT ETN | 06740C519 | 304 | 23,368 | SH | | DFND | 1,2 | 23,368 | 0 | 0 |
BONANZA CREEK ENERGY INC | COM | 097793103 | 9 | 2,148 | SH | | DFND | 1,2 | 2,148 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 2,372 | 192,555 | SH | | DFND | 1,2 | 192,555 | 0 | 0 |
CLECO CORP NEW | COM | 12561W105 | 1,076 | 20,209 | SH | | DFND | 1,2 | 20,209 | 0 | 0 |
CVR ENERGY INC | COM | 12662P108 | 34 | 824 | SH | | DFND | 1,2 | 824 | 0 | 0 |
CVR PARTNERS LP | COM | 126633106 | 143 | 15,328 | SH | | DFND | 1,2 | 15,328 | 0 | 0 |
CVR REFNG LP | COMUNIT REP LT | 12663P107 | 45 | 2,332 | SH | | DFND | 1,2 | 2,332 | 0 | 0 |
CALIFORNIA RES CORP | COM | 13057Q107 | 43 | 16,495 | SH | | DFND | 1,2 | 16,495 | 0 | 0 |
CAMPUS CREST CMNTYS INC | COM | 13466Y105 | 367 | 69,053 | SH | | DFND | 1,2 | 69,053 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 546 | 87,923 | SH | | DFND | 1,2 | 87,923 | 0 | 0 |
CHAMBERS STR PPTYS | COM | 157842105 | 1,661 | 255,989 | SH | | DFND | 1,2 | 255,989 | 0 | 0 |
CHESAPEAKE LODGING TR | SH BEN INT | 165240102 | 1,656 | 63,554 | SH | | DFND | 1,2 | 63,554 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 525 | 6,661 | SH | | DFND | 1,2 | 6,661 | 0 | 0 |
CITY NATL CORP | COM | 178566105 | 2,302 | 26,146 | SH | | DFND | 1,2 | 26,146 | 0 | 0 |
COLONY CAP INC | CL A | 19624R106 | 2,311 | 118,170 | SH | | DFND | 1,2 | 118,170 | 0 | 0 |
CONAGRA FOODS INC | COM | 205887102 | 222 | 5,484 | SH | | DFND | 1,2 | 5,484 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 209 | 4,363 | SH | | DFND | 1,2 | 4,363 | 0 | 0 |
CONSOL ENERGY INC | COM | 20854P109 | 93 | 9,453 | SH | | DFND | 1,2 | 9,453 | 0 | 0 |
COUSINS PPTYS INC | COM | 222795106 | 2,056 | 223,011 | SH | | DFND | 1,2 | 223,011 | 0 | 0 |
CURRENCYSHS BRIT POUND STER | BRIT POUND STE | 23129S106 | 1,572 | 10,609 | SH | | DFND | 1,2 | 10,609 | 0 | 0 |
CURRENCYSHS JAPANESE YEN TR | JAPANESE YEN | 23130A102 | 9,867 | 122,071 | SH | | DFND | 1,2 | 122,071 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 47,052 | 429,387 | SH | | DFND | 1,2 | 429,387 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 2,224 | 68,093 | SH | | DFND | 1,2 | 68,093 | 0 | 0 |
DENBURY RES INC | COM NEW | 247916208 | 45 | 18,363 | SH | | DFND | 1,2 | 18,363 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 54 | 1,456 | SH | | DFND | 1,2 | 1,456 | 0 | 0 |
DYNEX CAP INC | COM NEW | 26817Q506 | 353 | 53,759 | SH | | DFND | 1,2 | 53,759 | 0 | 0 |
EOG RES INC | COM | 26875P101 | 141 | 1,943 | SH | | DFND | 1,2 | 1,943 | 0 | 0 |
EP ENERGY CORP | CL A | 268785102 | 10 | 1,863 | SH | | DFND | 1,2 | 1,863 | 0 | 0 |
EDUCATION RLTY TR INC | COM NEW | 28140H203 | 1,719 | 52,170 | SH | | DFND | 1,2 | 52,170 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 1,978 | 116,132 | SH | | DFND | 1,2 | 116,132 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 1,105 | 14,858 | SH | | DFND | 1,2 | 14,858 | 0 | 0 |
FELCOR LODGING TR INC | COM | 31430F101 | 1,012 | 143,126 | SH | | DFND | 1,2 | 143,126 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 2,480 | 118,371 | SH | | DFND | 1,2 | 118,371 | 0 | 0 |
FIRST POTOMAC RLTY TR | COM | 33610F109 | 686 | 62,392 | SH | | DFND | 1,2 | 62,392 | 0 | 0 |
FLOWSERVE CORP | COM | 34354P105 | 412 | 10,021 | SH | | DFND | 1,2 | 10,021 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 1,108 | 103,041 | SH | | DFND | 1,2 | 103,041 | 0 | 0 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 303 | 31,282 | SH | | DFND | 1,2 | 31,282 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 431 | 7,675 | SH | | DFND | 1,2 | 7,675 | 0 | 0 |
GOVERNMENT PPTYS INCOME TR | COM SHS BEN INT | 38376A103 | 1,206 | 75,346 | SH | | DFND | 1,2 | 75,346 | 0 | 0 |
GRAMERCY PPTY TR INC | COM NEW | 38489R605 | 1,603 | 77,167 | SH | | DFND | 1,2 | 77,167 | 0 | 0 |
GULFMARK OFFSHORE INC | CL A NEW | 402629208 | 8 | 1,291 | SH | | DFND | 1,2 | 1,291 | 0 | 0 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 168 | 5,651 | SH | | DFND | 1,2 | 5,651 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 106 | 2,998 | SH | | DFND | 1,2 | 2,998 | 0 | 0 |
HATTERAS FINL CORP | COM | 41902R103 | 1,564 | 103,265 | SH | | DFND | 1,2 | 103,265 | 0 | 0 |
HORMEL FOODS CORP | COM | 440452100 | 1,828 | 28,876 | SH | | DFND | 1,2 | 28,876 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 2,643 | 91,817 | SH | | DFND | 1,2 | 91,817 | 0 | 0 |
ISTAR INC | COM | 45031U101 | 1,124 | 89,354 | SH | | DFND | 1,2 | 89,354 | 0 | 0 |
IDEX CORP | COM | 45167R104 | 415 | 5,821 | SH | | DFND | 1,2 | 5,821 | 0 | 0 |
INDEPENDENCE RLTY TR INC | COM | 45378A106 | 192 | 26,619 | SH | | DFND | 1,2 | 26,619 | 0 | 0 |
INGREDION INC | COM | 457187102 | 80 | 921 | SH | | DFND | 1,2 | 921 | 0 | 0 |
INLAND REAL ESTATE CORP | COM NEW | 457461200 | 773 | 95,390 | SH | | DFND | 1,2 | 95,390 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 1,635 | 133,576 | SH | | DFND | 1,2 | 133,576 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730103 | 1,042 | 134,645 | SH | | DFND | 1,2 | 134,645 | 0 | 0 |
ISHARES | MSCI EURZONE ETF | 464286608 | 8,675 | 252,626 | SH | | DFND | 1,2 | 252,626 | 0 | 0 |
ISHARES TR | CHINA LG-CAP ETF | 464287184 | 7,016 | 197,789 | SH | | DFND | 1,2 | 197,789 | 0 | 0 |
ISHARES TR | CORE S&P500 ETF | 464287200 | 5 | 26 | SH | | DFND | 1,2 | 26 | 0 | 0 |
ISHARES TR | CORE US AGGBD ET | 464287226 | 88,313 | 805,925 | SH | | DFND | 1,2 | 805,925 | 0 | 0 |
ISHARES TR | MSCI EMG MKT ETF | 464287234 | 3,068 | 93,593 | SH | | DFND | 1,2 | 93,593 | 0 | 0 |
ISHARES TR | IBOXX INV CP ETF | 464287242 | 74,466 | 641,458 | SH | | DFND | 1,2 | 641,458 | 0 | 0 |
ISHARES TR | S&P 500 GRWT ETF | 464287309 | 33 | 305 | SH | | DFND | 1,2 | 305 | 0 | 0 |
ISHARES TR | S&P 500 VAL ETF | 464287408 | 14,865 | 176,905 | SH | | DFND | 1,2 | 176,905 | 0 | 0 |
ISHARES TR | 20+ YR TR BD ETF | 464287432 | 150 | 1,215 | SH | | DFND | 1,2 | 1,215 | 0 | 0 |
ISHARES TR | 1-3 YR TR BD ETF | 464287457 | 139,977 | 1,646,971 | SH | | DFND | 1,2 | 1,646,971 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 31,026 | 541,294 | SH | | DFND | 1,2 | 541,294 | 0 | 0 |
ISHARES TR | RUS 1000 VAL ETF | 464287598 | 44,556 | 477,645 | SH | | DFND | 1,2 | 477,645 | 0 | 0 |
ISHARES TR | RUS 1000 GRW ETF | 464287614 | 75 | 810 | SH | | DFND | 1,2 | 810 | 0 | 0 |
ISHARES TR | RUS 2000 GRW ETF | 464287648 | 10,605 | 79,164 | SH | | DFND | 1,2 | 79,164 | 0 | 0 |
ISHARES TR | RUSSELL 2000 ETF | 464287655 | 2,172 | 19,885 | SH | | DFND | 1,2 | 19,885 | 0 | 0 |
ISHARES TR | U.S. REAL ES ETF | 464287739 | 1,350 | 19,019 | SH | | DFND | 1,2 | 19,019 | 0 | 0 |
ISHARES TR | EUROPE ETF | 464287861 | 2,467 | 61,968 | SH | | DFND | 1,2 | 61,968 | 0 | 0 |
ISHARES TR | SP SMCP600GR ETF | 464287887 | 38,763 | 322,681 | SH | | DFND | 1,2 | 322,681 | 0 | 0 |
ISHARES TR | EAFE SML CP ETF | 464288273 | 6,551 | 137,136 | SH | | DFND | 1,2 | 137,136 | 0 | 0 |
ISHARES TR | CORE US CR BD | 464288620 | 2,651 | 24,446 | SH | | DFND | 1,2 | 24,446 | 0 | 0 |
ISHARES TR | SHRT TRS BD ETF | 464288679 | 47,047 | 426,489 | SH | | DFND | 1,2 | 426,489 | 0 | 0 |
ISHARES | INDIA 50 ETF | 464289529 | 0 | 16 | SH | | DFND | 1,2 | 16 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 108 | 7,811 | SH | | DFND | 1,2 | 7,811 | 0 | 0 |
ISHARES TR | MSCI INDIA ETF | 46429B598 | 2 | 61 | SH | | DFND | 1,2 | 61 | 0 | 0 |
ISHARES TR | CHINA ETF | 46429B671 | 2,182 | 49,810 | SH | | DFND | 1,2 | 49,810 | 0 | 0 |
JOY GLOBAL INC | COM | 481165108 | 60 | 3,998 | SH | | DFND | 1,2 | 3,998 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 306 | 4,592 | SH | | DFND | 1,2 | 4,592 | 0 | 0 |
KENNEDY-WILSON HLDGS INC | COM | 489398107 | 2,127 | 95,963 | SH | | DFND | 1,2 | 95,963 | 0 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 210 | 7,598 | SH | | DFND | 1,2 | 7,598 | 0 | 0 |
KITE RLTY GROUP TR | COM NEW | 49803T300 | 2,144 | 90,057 | SH | | DFND | 1,2 | 90,057 | 0 | 0 |
LEGACY RESVS LP | UNIT LP INT | 524707304 | 13 | 3,205 | SH | | DFND | 1,2 | 3,205 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 1,641 | 202,553 | SH | | DFND | 1,2 | 202,553 | 0 | 0 |
LINDSAY CORP | COM | 535555106 | 340 | 5,010 | SH | | DFND | 1,2 | 5,010 | 0 | 0 |
LOUISIANA PAC CORP | COM | 546347105 | 881 | 61,889 | SH | | DFND | 1,2 | 61,889 | 0 | 0 |
MACK CALI RLTY CORP | COM | 554489104 | 1,642 | 86,964 | SH | | DFND | 1,2 | 86,964 | 0 | 0 |
MARATHON PETE CORP | COM | 56585A102 | 90 | 1,934 | SH | | DFND | 1,2 | 1,934 | 0 | 0 |
MARKET VECTORS ETF TR | EM LC CURR DBT | 57060U522 | 17,929 | 1,034,577 | SH | | DFND | 1,2 | 1,034,577 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 2,795 | 252,682 | SH | | DFND | 1,2 | 252,682 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 889 | 21,239 | SH | | DFND | 1,2 | 21,239 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 588 | 60,348 | SH | | DFND | 1,2 | 60,348 | 0 | 0 |
MONOGRAM RESIDENTIAL TR INC | COM | 60979P105 | 1,678 | 180,196 | SH | | DFND | 1,2 | 180,196 | 0 | 0 |
NEW SR INVT GROUP INC | COM | 648691103 | 968 | 92,564 | SH | | DFND | 1,2 | 92,564 | 0 | 0 |
NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | 649 | 118,221 | SH | | DFND | 1,2 | 118,221 | 0 | 0 |
NEW YORK REIT INC | COM | 64976L109 | 1,771 | 176,089 | SH | | DFND | 1,2 | 176,089 | 0 | 0 |
NEWCASTLE INVT CORP NEW | COM PAR $0.01 | 65105M603 | 291 | 66,253 | SH | | DFND | 1,2 | 66,253 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 101 | 6,277 | SH | | DFND | 1,2 | 6,277 | 0 | 0 |
NORTHERN TIER ENERGY LP | COM UN REPR PART | 665826103 | 68 | 2,982 | SH | | DFND | 1,2 | 2,982 | 0 | 0 |
OASIS PETE INC NEW | COM | 674215108 | 61 | 7,051 | SH | | DFND | 1,2 | 7,051 | 0 | 0 |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 181 | 2,730 | SH | | DFND | 1,2 | 2,730 | 0 | 0 |
OIL STS INTL INC | COM | 678026105 | 69 | 2,654 | SH | | DFND | 1,2 | 2,654 | 0 | 0 |
ORCHID IS CAP INC | COM | 68571X103 | 209 | 22,642 | SH | | DFND | 1,2 | 22,642 | 0 | 0 |
PBF ENERGY INC | CL A | 69318G106 | 127 | 4,507 | SH | | DFND | 1,2 | 4,507 | 0 | 0 |
PARKWAY PPTYS INC | COM | 70159Q104 | 1,418 | 91,142 | SH | | DFND | 1,2 | 91,142 | 0 | 0 |
PEABODY ENERGY CORP | COM | 704549104 | 16 | 11,415 | SH | | DFND | 1,2 | 11,415 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 1,442 | 72,710 | SH | | DFND | 1,2 | 72,710 | 0 | 0 |
PENNYMAC MTG INVT TR | COM | 70931T103 | 1,228 | 79,406 | SH | | DFND | 1,2 | 79,406 | 0 | 0 |
PHILLIPS 66 | COM | 718546104 | 148 | 1,925 | SH | | DFND | 1,2 | 1,925 | 0 | 0 |
PHYSICIANS RLTY TR | COM | 71943U104 | 1,161 | 76,927 | SH | | DFND | 1,2 | 76,927 | 0 | 0 |
PIONEER ENERGY SVCS CORP | COM | 723664108 | 7 | 3,313 | SH | | DFND | 1,2 | 3,313 | 0 | 0 |
POWERSHARES DB G10 CURCY HAR | COM UT BEN INT | 73935Y102 | 25,918 | 1,167,491 | SH | | DFND | 1,2 | 1,167,491 | 0 | 0 |
POWERSHS DB MULTI SECT COMM | DB GOLD FUND | 73936B606 | 2 | 47 | SH | | DFND | 1,2 | 47 | 0 | 0 |
POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 122,036 | 5,296,687 | SH | | DFND | 1,2 | 5,296,687 | 0 | 0 |
PROSHARES TR II | ULTRASHRT NEW | 74347W395 | 15 | 144 | SH | | DFND | 1,2 | 144 | 0 | 0 |
PROSHARES TR II | ULSHT BLOOMB CMD | 74347W676 | 20 | 172 | SH | | DFND | 1,2 | 172 | 0 | 0 |
RAIT FINANCIAL TRUST | COM NEW | 749227609 | 484 | 97,573 | SH | | DFND | 1,2 | 97,573 | 0 | 0 |
RPC INC | COM | 749660106 | 28 | 3,175 | SH | | DFND | 1,2 | 3,175 | 0 | 0 |
RAMCO-GERSHENSON PPTYS TR | COM SH BEN INT | 751452202 | 1,266 | 84,323 | SH | | DFND | 1,2 | 84,323 | 0 | 0 |
REDWOOD TR INC | COM | 758075402 | 1,249 | 90,280 | SH | | DFND | 1,2 | 90,280 | 0 | 0 |
RESOLUTE FST PRODS INC | COM | 76117W109 | 342 | 41,204 | SH | | DFND | 1,2 | 41,204 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 1,741 | 105,269 | SH | | DFND | 1,2 | 105,269 | 0 | 0 |
ROYAL GOLD INC | COM | 780287108 | 39 | 820 | SH | | DFND | 1,2 | 820 | 0 | 0 |
RYDEX ETF TRUST | GUG S&P500 PU VA | 78355W304 | 1,522 | 31,843 | SH | | DFND | 1,2 | 31,843 | 0 | 0 |
SM ENERGY CO | COM | 78454L100 | 113 | 3,519 | SH | | DFND | 1,2 | 3,519 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 27,440 | 143,190 | SH | | DFND | 1,2 | 143,190 | 0 | 0 |
SPDR INDEX SHS FDS | S&P CHINA ETF | 78463X400 | 1,078 | 15,635 | SH | | DFND | 1,2 | 15,635 | 0 | 0 |
SPDR INDEX SHS FDS | S&P EMKTSC ETF | 78463X756 | 10,334 | 279,538 | SH | | DFND | 1,2 | 279,538 | 0 | 0 |
SPDR INDEX SHS FDS | S&P INTL SMLCP | 78463X871 | 1,046 | 38,034 | SH | | DFND | 1,2 | 38,034 | 0 | 0 |
SPDR SERIES TRUST | BRC CNV SECS ETF | 78464A359 | 14,371 | 321,343 | SH | | DFND | 1,2 | 321,343 | 0 | 0 |
SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 874 | 10,143 | SH | | DFND | 1,2 | 10,143 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS AGG ETF | 78464A649 | 6,945 | 120,143 | SH | | DFND | 1,2 | 120,143 | 0 | 0 |
SPDR SERIES TRUST | BRCLYS 1-3MT ETF | 78464A680 | 30,593 | 669,597 | SH | | DFND | 1,2 | 669,597 | 0 | 0 |
SSGA ACTIVE ETF TR | BLKSTN GSOSRLN | 78467V608 | 16,292 | 341,146 | SH | | DFND | 1,2 | 341,146 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 1,602 | 69,104 | SH | | DFND | 1,2 | 69,104 | 0 | 0 |
SANCHEZ ENERGY CORP | COM | 79970Y105 | 18 | 2,858 | SH | | DFND | 1,2 | 2,858 | 0 | 0 |
SANDERSON FARMS INC | COM | 800013104 | 777 | 11,342 | SH | | DFND | 1,2 | 11,342 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 310 | 4,493 | SH | | DFND | 1,2 | 4,493 | 0 | 0 |
SEABOARD CORP | COM | 811543107 | 394 | 128 | SH | | DFND | 1,2 | 128 | 0 | 0 |
SEMGROUP CORP | CL A | 81663A105 | 101 | 2,327 | SH | | DFND | 1,2 | 2,327 | 0 | 0 |
SIGMA ALDRICH CORP | COM | 826552101 | 6,419 | 46,208 | SH | | DFND | 1,2 | 46,208 | 0 | 0 |
SILVER BAY RLTY TR CORP | COM | 82735Q102 | 581 | 36,302 | SH | | DFND | 1,2 | 36,302 | 0 | 0 |
SMUCKER J M CO | COM NEW | 832696405 | 176 | 1,541 | SH | | DFND | 1,2 | 1,541 | 0 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 648 | 24,266 | SH | | DFND | 1,2 | 24,266 | 0 | 0 |
SPECTRA ENERGY CORP | COM | 847560109 | 62 | 2,377 | SH | | DFND | 1,2 | 2,377 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 1,340 | 73,604 | SH | | DFND | 1,2 | 73,604 | 0 | 0 |
STONE ENERGY CORP | COM | 861642106 | 14 | 2,914 | SH | | DFND | 1,2 | 2,914 | 0 | 0 |
SUMMIT HOTEL PPTYS | COM | 866082100 | 1,067 | 91,389 | SH | | DFND | 1,2 | 91,389 | 0 | 0 |
SYNERGY RES CORP | COM | 87164P103 | 47 | 4,778 | SH | | DFND | 1,2 | 4,778 | 0 | 0 |
TESCO CORP | COM | 88157K101 | 14 | 1,910 | SH | | DFND | 1,2 | 1,910 | 0 | 0 |
TESORO LOGISTICS LP | COM UNIT LP | 88160T107 | 142 | 3,146 | SH | | DFND | 1,2 | 3,146 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 1,765 | 40,960 | SH | | DFND | 1,2 | 40,960 | 0 | 0 |
VALERO ENERGY CORP NEW | COM | 91913Y100 | 110 | 1,825 | SH | | DFND | 1,2 | 1,825 | 0 | 0 |
VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 | 194,047 | 2,413,819 | SH | | DFND | 1,2 | 2,413,819 | 0 | 0 |
VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 191,165 | 2,333,271 | SH | | DFND | 1,2 | 2,333,271 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 15,471 | 434,112 | SH | | DFND | 1,2 | 434,112 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 5,637 | 170,360 | SH | | DFND | 1,2 | 170,360 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 12,668 | 257,597 | SH | | DFND | 1,2 | 257,597 | 0 | 0 |
VANGUARD INDEX FDS | REIT ETF | 922908553 | 7,525 | 99,616 | SH | | DFND | 1,2 | 99,616 | 0 | 0 |
VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | 7,021 | 59,623 | SH | | DFND | 1,2 | 59,623 | 0 | 0 |
VANGUARD INDEX FDS | GROWTH ETF | 922908736 | 49 | 492 | SH | | DFND | 1,2 | 492 | 0 | 0 |
VANGUARD INDEX FDS | VALUE ETF | 922908744 | 32,680 | 425,826 | SH | | DFND | 1,2 | 425,826 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 1,829 | 73,351 | SH | | DFND | 1,2 | 73,351 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 566 | 44,879 | SH | | DFND | 1,2 | 44,879 | 0 | 0 |
WESTERN REFNG INC | COM | 959319104 | 165 | 3,745 | SH | | DFND | 1,2 | 3,745 | 0 | 0 |
WILLIAMS COS INC DEL | COM | 969457100 | 98 | 2,650 | SH | | DFND | 1,2 | 2,650 | 0 | 0 |
WINTHROP RLTY TR | SH BEN INT NEW | 976391300 | 518 | 36,091 | SH | | DFND | 1,2 | 36,091 | 0 | 0 |
WISDOMTREE TR | INTL SMCAP DIV | 97717W760 | 1,571 | 28,471 | SH | | DFND | 1,2 | 28,471 | 0 | 0 |
WISDOMTREE TR | EM LCL DEBT FD | 97717X867 | 7,148 | 206,297 | SH | | DFND | 1,2 | 206,297 | 0 | 0 |
XYLEM INC | COM | 98419M100 | 446 | 13,563 | SH | | DFND | 1,2 | 13,563 | 0 | 0 |
AMIRA NATURE FOODS LTD | SHS | G0335L102 | 40 | 7,192 | SH | | DFND | 1,2 | 7,192 | 0 | 0 |
BUNGE LIMITED | COM | G16962105 | 144 | 1,959 | SH | | DFND | 1,2 | 1,959 | 0 | 0 |
ROWAN COMPANIES PLC | SHS CL A | G7665A101 | 105 | 6,494 | SH | | DFND | 1,2 | 6,494 | 0 | 0 |
PENTAIR PLC | SHS | G7S00T104 | 683 | 13,373 | SH | | DFND | 1,2 | 13,373 | 0 | 0 |
ADECOAGRO S A | COM | L00849106 | 337 | 42,356 | SH | | DFND | 1,2 | 42,356 | 0 | 0 |
OCEAN RIG UDW INC | SHS | Y64354205 | 13 | 6,103 | SH | | DFND | 1,2 | 6,103 | 0 | 0 |
RYDEX ETF TRUST | GUG S&P500 PU GR | 78355W403 | 5 | 73 | SH | | DFND | 1,2 | 73 | 0 | 0 |
BOISE CASCADE CO DEL | COM | 09739D100 | 433 | 17,162 | SH | | DFND | 1,2 | 17,162 | 0 | 0 |
HAIN CELESTIAL GROUP INC | COM | 405217100 | 68 | 1,310 | SH | | DFND | 1,2 | 1,310 | 0 | 0 |
MERCER INTL INC | COM | 588056101 | 281 | 28,003 | SH | | DFND | 1,2 | 28,003 | 0 | 0 |
PILGRIMS PRIDE CORP NEW | COM | 72147K108 | 590 | 28,397 | SH | | DFND | 1,2 | 28,397 | 0 | 0 |
PIONEER NAT RES CO | COM | 723787107 | 64 | 528 | SH | | DFND | 1,2 | 528 | 0 | 0 |
TURQUOISE HILL RES LTD | COM | 900435108 | 208 | 81,735 | SH | | DFND | 1,2 | 81,735 | 0 | 0 |
BROADCOM CORP | CL A | 111320107 | 6,802 | 132,266 | SH | | DFND | 1,2 | 132,266 | 0 | 0 |
INTEGRATED SILICON SOLUTION | COM | 45812P107 | 652 | 30,347 | SH | | DFND | 1,2 | 30,347 | 0 | 0 |
TIME WARNER CABLE INC | COM | 88732J207 | 9,760 | 54,414 | SH | | DFND | 1,2 | 54,414 | 0 | 0 |
PERRIGO CO PLC | SHS | G97822103 | 5,201 | 33,068 | SH | | DFND | 1,2 | 33,068 | 0 | 0 |
HERSHA HOSPITALITY TR | PR SHS BEN INT | 427825500 | 1,143 | 50,461 | SH | | DFND | 1,2 | 50,461 | 0 | 0 |
INFRAREIT INC | COM | 45685L100 | 883 | 37,298 | SH | | DFND | 1,2 | 37,298 | 0 | 0 |
NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 | 334 | 24,664 | SH | | DFND | 1,2 | 24,664 | 0 | 0 |
QTS RLTY TR INC | COM CL A | 74736A103 | 1,638 | 37,501 | SH | | DFND | 1,2 | 37,501 | 0 | 0 |
ISHARES TR | JP MOR EM MK ETF | 464288281 | 7,118 | 66,899 | SH | | DFND | 1,2 | 66,899 | 0 | 0 |
POWERSHARES GLOBAL ETF TRUST | SOVEREIGN DEBT | 73936T573 | 4,288 | 156,326 | SH | | DFND | 1,2 | 156,326 | 0 | 0 |
NATIONAL OILWELL VARCO INC | COM | 637071101 | 55 | 1,452 | SH | | DFND | 1,2 | 1,452 | 0 | 0 |
BREITBURN ENERGY PARTNERS LP | COM UT LTD PTN | 106776107 | 22 | 11,010 | SH | | DFND | 1,2 | 11,010 | 0 | 0 |
LINN ENERGY LLC | UNIT LTD LIAB | 536020100 | 32 | 11,750 | SH | | DFND | 1,2 | 11,750 | 0 | 0 |
SUPERIOR ENERGY SVCS INC | COM | 868157108 | 99 | 7,846 | SH | | DFND | 1,2 | 7,846 | 0 | 0 |
AGL RES INC | COM | 001204106 | 4,412 | 72,277 | SH | | DFND | 1,2 | 72,277 | 0 | 0 |
ALTERA CORP | COM | 021441100 | 4,915 | 98,141 | SH | | DFND | 1,2 | 98,141 | 0 | 0 |
BAXALTA INC | COM | 07177M103 | 3,383 | 107,371 | SH | | DFND | 1,2 | 107,371 | 0 | 0 |
CIGNA CORPORATION | COM | 125509109 | 8,763 | 64,905 | SH | | DFND | 1,2 | 64,905 | 0 | 0 |
CAMERON INTERNATIONAL CORP | COM | 13342B105 | 13,766 | 224,501 | SH | | DFND | 1,2 | 224,501 | 0 | 0 |
CHUBB CORP | COM | 171232101 | 7,434 | 60,609 | SH | | DFND | 1,2 | 60,609 | 0 | 0 |
CYTEC INDS INC | COM | 232820100 | 2,245 | 30,398 | SH | | DFND | 1,2 | 30,398 | 0 | 0 |
DEALERTRACK TECHNOLOGIES INC | COM | 242309102 | 2,130 | 33,726 | SH | | DFND | 1,2 | 33,726 | 0 | 0 |
DOT HILL SYS CORP | COM | 25848T109 | 591 | 60,774 | SH | | DFND | 1,2 | 60,774 | 0 | 0 |
HCC INS HLDGS INC | COM | 404132102 | 2,893 | 37,348 | SH | | DFND | 1,2 | 37,348 | 0 | 0 |
HEALTH NET INC | COM | 42222G108 | 1,442 | 23,953 | SH | | DFND | 1,2 | 23,953 | 0 | 0 |
HOME PROPERTIES INC | COM | 437306103 | 2,875 | 38,462 | SH | | DFND | 1,2 | 38,462 | 0 | 0 |
HUMANA INC | COM | 444859102 | 6,226 | 34,784 | SH | | DFND | 1,2 | 34,784 | 0 | 0 |
IPC HEALTHCARE INC | COM | 44984A105 | 514 | 6,611 | SH | | DFND | 1,2 | 6,611 | 0 | 0 |
KYTHERA BIOPHARMACEUTICALS I | COM | 501570105 | 1,232 | 16,430 | SH | | DFND | 1,2 | 16,430 | 0 | 0 |
MARKWEST ENERGY PARTNERS L P | UNIT LTD PARTN | 570759100 | 1,381 | 32,183 | SH | | DFND | 1,2 | 32,183 | 0 | 0 |
NATIONAL PENN BANCSHARES INC | COM | 637138108 | 866 | 73,677 | SH | | DFND | 1,2 | 73,677 | 0 | 0 |
OM GROUP INC | COM | 670872100 | 551 | 16,753 | SH | | DFND | 1,2 | 16,753 | 0 | 0 |
PRECISION CASTPARTS CORP | COM | 740189105 | 14,172 | 61,696 | SH | | DFND | 1,2 | 61,696 | 0 | 0 |
STANCORP FINL GROUP INC | COM | 852891100 | 1,812 | 15,867 | SH | | DFND | 1,2 | 15,867 | 0 | 0 |
SYMETRA FINL CORP | COM | 87151Q106 | 771 | 24,363 | SH | | DFND | 1,2 | 24,363 | 0 | 0 |
TEREX CORP NEW | COM | 880779103 | 1,207 | 67,277 | SH | | DFND | 1,2 | 67,277 | 0 | 0 |
THORATEC CORP | COM NEW | 885175307 | 2,512 | 39,711 | SH | | DFND | 1,2 | 39,711 | 0 | 0 |
XOOM CORP | COM | 98419Q101 | 1,362 | 54,724 | SH | | DFND | 1,2 | 54,724 | 0 | 0 |
ZULILY INC | CL A | 989774104 | 544 | 31,241 | SH | | DFND | 1,2 | 31,241 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 25 | 300 | SH | | DFND | 1,2 | 300 | 0 | 0 |
ISHARES TR | CORE MSCI EAFE | 46432F842 | 81 | 1,526 | SH | | DFND | 1,2 | 1,526 | 0 | 0 |
ISHARES INC | CORE MSCI EMKT | 46434G103 | 10 | 254 | SH | | DFND | 1,2 | 254 | 0 | 0 |
SPDR SERIES TRUST | BRC HGH YLD BD | 78464A417 | 20 | 550 | SH | | DFND | 1,2 | 550 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 | 105 | 2,628 | SH | | DFND | 1,2 | 2,628 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | 9 | 192 | SH | | DFND | 1,2 | 192 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI INT-FINL | 81369Y605 | 125 | 5,512 | SH | | DFND | 1,2 | 5,512 | 0 | 0 |
SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | 86 | 2,188 | SH | | DFND | 1,2 | 2,188 | 0 | 0 |
VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 | 3 | 24 | SH | | DFND | 1,2 | 24 | 0 | 0 |
VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 | 21 | 460 | SH | | DFND | 1,2 | 460 | 0 | 0 |
VANGUARD WORLD FDS | INF TECH ETF | 92204A702 | 55 | 554 | SH | | DFND | 1,2 | 554 | 0 | 0 |
VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 | 49 | 560 | SH | | DFND | 1,2 | 560 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 | 3 | 36 | SH | | DFND | 1,2 | 36 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM NEW | 042315507 | 940 | 46,904 | SH | | DFND | 1,2 | 46,904 | 0 | 0 |
GLOBAL NET LEASE INC | COM | 379378102 | 1,690 | 183,664 | SH | | DFND | 1,2 | 183,664 | 0 | 0 |
RESOURCE CAP CORP | COM NEW | 76120W708 | 392 | 35,068 | SH | | DFND | 1,2 | 35,068 | 0 | 0 |
BARCLAYS BK PLC | DJUBS CMDT ETN36 | 06738C778 | 1 | 26 | SH | | DFND | 1,2 | 26 | 0 | 0 |
ISHARES | MSCI BRZ CAP ETF | 464286400 | 6 | 269 | SH | | DFND | 1,2 | 269 | 0 | 0 |
ISHARES INC | MSCI RUSSIA CAP | 46434G806 | 0 | 8 | SH | | DFND | 1,2 | 8 | 0 | 0 |
MARKET VECTORS ETF TR | RUSSIA ETF | 57060U506 | 1 | 61 | SH | | DFND | 1,2 | 61 | 0 | 0 |
POWERSHARES DB CMDTY IDX TRA | UNIT BEN INT | 73935S105 | 2 | 128 | SH | | DFND | 1,2 | 128 | 0 | 0 |
PROSHARES TR II | VIX MDTRM FUTR N | 74347W338 | 20 | 320 | SH | | DFND | 1,2 | 320 | 0 | 0 |
PROSHARES TR II | ULTRASHORT YEN N | 74347W569 | 253 | 2,878 | SH | | DFND | 1,2 | 2,878 | 0 | 0 |
PROSHARES TR | ULTSHT REAL EST | 74348A244 | 306 | 5,816 | SH | | DFND | 1,2 | 5,816 | 0 | 0 |
SPDR INDEX SHS FDS | DJ INTL RL ETF | 78463X863 | 10 | 246 | SH | | DFND | 1,2 | 246 | 0 | 0 |
WISDOMTREE TR | EMERG CUR STR FD | 97717W133 | 81 | 4,805 | SH | | DFND | 1,2 | 4,805 | 0 | 0 |