IndexIQ Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	35	4,225	SH		DFND	1, 2	4,225	0	0
BUNGE LIMITED	COM	G16962105	1,042	17,590	SH		DFND	1,2	17,590	0	0
ENSCO PLC	SHS CLASS A	G3157S106	106	12,472	SH		DFND	1,2	12,472	0	0
FLEETMATICS GROUP PLC	COM	G35569105	1,154	19,247	SH		DFND	1,2	19,247	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	387	6,465	SH		DFND	1,2	6,465	0	0
KOSMOS ENERGY LTD	SHS	G5315B107	42	6,496	SH		DFND	1,2	6,496	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	138	11,362	SH		DFND	1,2	11,362	0	0
NOBLE CORP PLC	SHS USD	G65431101	64	10,019	SH		DFND	1,2	10,019	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	78	5,139	SH		DFND	1,2	5,139	0	0
SEADRILL LIMITED	SHS	G7945E105	37	15,908	SH		DFND	1,2	15,908	0	0
PENTAIR PLC	SHS	G7S00T104	3,224	50,181	SH		DFND	1,2	50,181	0	0
ADECOAGRO S A	COM	L00849106	298	26,085	SH		DFND	1,2	26,085	0	0
AEP INDS INC	COM	001031103	840	7,683	SH		DFND	1,2	7,683	0	0
AGCO CORP	COM	001084102	817	16,571	SH		DFND	1,2	16,571	0	0
AG MTG INVT TR INC	COM	001228105	436	27,682	SH		DFND	1,2	27,682	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	2,928	80,804	SH		DFND	1,2	80,804	0	0
ALCOA INC	COM	013817101	180	17,733	SH		DFND	1,2	17,733	0	0
ALERE INC	COM	01449J105	3,458	79,963	SH		DFND	1,2	79,963	0	0
ALON USA ENERGY INC	COM	020520102	11	1,324	SH		DFND	1,2	1,324	0	0
ALON USA PARTNERS LP	UT LTDPART INT	02052T109	4	476	SH		DFND	1,2	476	0	0
ALTISOURCE RESIDENTIAL CORP	CL B	02153W100	546	50,135	SH		DFND	1,2	50,135	0	0
AMERICAN CAP MTG INVT CORP	COM	02504A104	782	45,505	SH		DFND	1,2	45,505	0	0
AMERICAN VANGUARD CORP	COM	030371108	102	6,327	SH		DFND	1,2	6,327	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	3,747	50,071	SH		DFND	1,2	50,071	0	0
ANADARKO PETE CORP	COM	032511107	92	1,445	SH		DFND	1,2	1,445	0	0
ANWORTH MORTGAGE ASSET CP	COM	037347101	466	94,672	SH		DFND	1,2	94,672	0	0
APACHE CORP	COM	037411105	68	1,071	SH		DFND	1,2	1,071	0	0
APOLLO ED GROUP INC	CL A	037604105	617	77,637	SH		DFND	1,2	77,637	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	1,319	80,582	SH		DFND	1,2	80,582	0	0
AQUA AMERICA INC	COM	03836W103	1,549	50,809	SH		DFND	1,2	50,809	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	3,122	74,025	SH		DFND	1,2	74,025	0	0
ARES COML REAL ESTATE CORP	COM	04013V108	325	25,807	SH		DFND	1,2	25,807	0	0
ARMOUR RESIDENTIAL REIT INC	COM NEW	042315507	822	36,458	SH		DFND	1,2	36,458	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	483	81,991	SH		DFND	1,2	81,991	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06740Q252	10,322	302,977	SH		DFND	1,2	302,977	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	2,716	173,862	SH		DFND	1,2	173,862	0	0
CBL & ASSOC PPTYS INC	COM	124830100	2,039	167,960	SH		DFND	1,2	167,960	0	0
CST BRANDS INC	COM	12646R105	3,287	68,351	SH		DFND	1,2	68,351	0	0
CVR ENERGY INC	COM	12662P108	9	650	SH		DFND	1,2	650	0	0
CVR PARTNERS LP	COM	126633106	87	16,352	SH		DFND	1,2	16,352	0	0
CVR REFNG LP	COMUNIT REP LT	12663P107	52	5,900	SH		DFND	1,2	5,900	0	0
CAL MAINE FOODS INC	COM NEW	128030202	267	6,927	SH		DFND	1,2	6,927	0	0
CALIFORNIA RES CORP	COM NEW	13057Q206	19	1,529	SH		DFND	1,2	1,529	0	0
CAPSTEAD MTG CORP	COM NO PAR	14067E506	896	95,048	SH		DFND	1,2	95,048	0	0
CARDINAL FINL CORP	COM	14149F109	563	21,561	SH		DFND	1,2	21,561	0	0
CARETRUST REIT INC	COM	14174T107	847	57,275	SH		DFND	1,2	57,275	0	0
CAVIUM INC	COM	14964U108	0	0	SH		DFND	1,2	0	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	591	82,111	SH		DFND	1,2	82,111	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	1,355	59,171	SH		DFND	1,2	59,171	0	0
CHEVRON CORP NEW	COM	166764100	549	5,335	SH		DFND	1,2	5,335	0	0
COBALT INTL ENERGY INC	COM	19075F106	18	14,874	SH		DFND	1,2	14,874	0	0
COLONY CAP INC	CL A	19624R106	2,009	110,180	SH		DFND	1,2	110,180	0	0
CONAGRA FOODS INC	COM	205887102	2,529	53,687	SH		DFND	1,2	53,687	0	0
CONOCOPHILLIPS	COM	20825C104	150	3,457	SH		DFND	1,2	3,457	0	0
CONSOL ENERGY INC	COM	20854P109	1,290	67,205	SH		DFND	1,2	67,205	0	0
COUSINS PPTYS INC	COM	222795106	2,171	207,920	SH		DFND	1,2	207,920	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	448	4,097	SH		DFND	1,2	4,097	0	0
CVENT INC	COM	23247G109	2,066	65,151	SH		DFND	1,2	65,151	0	0
DELEK US HLDGS INC	COM	246647101	39	2,276	SH		DFND	1,2	2,276	0	0
DENBURY RES INC	COM NEW	247916208	53	16,383	SH		DFND	1,2	16,383	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	47	2,663	SH		DFND	1,2	2,663	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	1,814	199,383	SH		DFND	1,2	199,383	0	0
DOMTAR CORP	COM NEW	257559203	151	4,065	SH		DFND	1,2	4,065	0	0
DYNEX CAP INC	COM NEW	26817Q506	344	46,327	SH		DFND	1,2	46,327	0	0
EOG RES INC	COM	26875P101	157	1,624	SH		DFND	1,2	1,624	0	0
EP ENERGY CORP	CL A	268785102	8	1,830	SH		DFND	1,2	1,830	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	3,158	73,204	SH		DFND	1,2	73,204	0	0
EMPIRE DIST ELEC CO	COM	291641108	517	15,143	SH		DFND	1,2	15,143	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	3,211	153,252	SH		DFND	1,2	153,252	0	0
ENVISION HEALTHCARE HLDGS IN	COM	29413U103	2,886	129,577	SH		DFND	1,2	129,577	0	0
EVERBANK FINL CORP	COM	29977G102	466	24,048	SH		DFND	1,2	24,048	0	0
EXXON MOBIL CORP	COM	30231G102	1,041	11,922	SH		DFND	1,2	11,922	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	37	4,345	SH		DFND	1,2	4,345	0	0
FELCOR LODGING TR INC	COM	31430F101	830	129,066	SH		DFND	1,2	129,066	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	3,264	115,670	SH		DFND	1,2	115,670	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	521	56,944	SH		DFND	1,2	56,944	0	0
FLOWSERVE CORP	COM	34354P105	1,759	36,463	SH		DFND	1,2	36,463	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	1,283	60,128	SH		DFND	1,2	60,128	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	1,301	103,253	SH		DFND	1,2	103,253	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	177	16,318	SH		DFND	1,2	16,318	0	0
G & K SVCS INC	CL A	361268105	1,181	12,368	SH		DFND	1,2	12,368	0	0
GENERAL MLS INC	COM	370334104	4,683	73,314	SH		DFND	1,2	73,314	0	0
GLOBAL NET LEASE INC	COM	379378102	1,387	169,972	SH		DFND	1,2	169,972	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	1,587	70,179	SH		DFND	1,2	70,179	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	147	5,190	SH		DFND	1,2	5,190	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	459	12,899	SH		DFND	1,2	12,899	0	0
HALLIBURTON CO	COM	406216101	107	2,388	SH		DFND	1,2	2,388	0	0
HECLA MNG CO	COM	422704106	137	24,104	SH		DFND	1,2	24,104	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	735	40,768	SH		DFND	1,2	40,768	0	0
HORMEL FOODS CORP	COM	440452100	5,405	142,494	SH		DFND	1,2	142,494	0	0
ISTAR INC	COM	45031U101	731	68,092	SH		DFND	1,2	68,092	0	0
IDEX CORP	COM	45167R104	2,023	21,619	SH		DFND	1,2	21,619	0	0
INCONTACT INC	COM	45336E109	811	58,007	SH		DFND	1,2	58,007	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	6	1,182	SH		DFND	1,2	1,182	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	361	40,128	SH		DFND	1,2	40,128	0	0
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	16	546	SH		DFND	1,2	546	0	0
INFRAREIT INC	COM	45685L100	633	34,893	SH		DFND	1,2	34,893	0	0
INGRAM MICRO INC	CL A	457153104	2,378	66,697	SH		DFND	1,2	66,697	0	0
INGREDION INC	COM	457187102	1,185	8,905	SH		DFND	1,2	8,905	0	0
INTEGRATED DEVICE TECHNOLOGY	COM	458118106	3,331	144,210	SH		DFND	1,2	144,210	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	1,706	112,004	SH		DFND	1,2	112,004	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	718	120,718	SH		DFND	1,2	120,718	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	2	60	SH		DFND	1,2	60	0	0
ISHARES	MSCI EURZONE ETF	464286608	14,957	433,670	SH		DFND	1,2	433,670	0	0
ISHARES	MSCI JAPAN ETF	464286848	29,884	2,383,107	SH		DFND	1,2	2,383,107	0	0
ISHARES TR	TIPS BD ETF	464287176	18,367	157,672	SH		DFND	1,2	157,672	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	1,838	48,351	SH		DFND	1,2	48,351	0	0
ISHARES TR	CORE S&P500 ETF	464287200	25	113	SH		DFND	1,2	113	0	0
ISHARES TR	CORE US AGGBD ET	464287226	87,258	776,168	SH		DFND	1,2	776,168	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	629	16,805	SH		DFND	1,2	16,805	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	268,909	2,183,065	SH		DFND	1,2	2,183,065	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	4,429	36,410	SH		DFND	1,2	36,410	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	14,771	155,554	SH		DFND	1,2	155,554	0	0
ISHARES TR	7-10 Y TR BD ETF	464287440	4,285	38,295	SH		DFND	1,2	38,295	0	0
ISHARES TR	1-3 YR TR BD ETF	464287457	20,921	246,015	SH		DFND	1,2	246,015	0	0
ISHARES TR	MSCI EAFE ETF	464287465	56,100	948,771	SH		DFND	1,2	948,771	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	42,342	400,892	SH		DFND	1,2	400,892	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	9,719	93,305	SH		DFND	1,2	93,305	0	0
ISHARES TR	RUS 2000 VAL ETF	464287630	354	3,380	SH		DFND	1,2	3,380	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	22,292	149,710	SH		DFND	1,2	149,710	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	446	3,589	SH		DFND	1,2	3,589	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	155	1,921	SH		DFND	1,2	1,921	0	0
ISHARES TR	EUROPE ETF	464287861	4,421	112,285	SH		DFND	1,2	112,285	0	0
ISHARES TR	SP SMCP600VL ETF	464287879	212	1,699	SH		DFND	1,2	1,699	0	0
ISHARES TR	SP SMCP600GR ETF	464287887	11,637	84,856	SH		DFND	1,2	84,856	0	0
ISHARES TR	EAFE SML CP ETF	464288273	2,458	46,902	SH		DFND	1,2	46,902	0	0
ISHARES TR	JP MOR EM MK ETF	464288281	333	2,843	SH		DFND	1,2	2,843	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	2,792	31,990	SH		DFND	1,2	31,990	0	0
ISHARES TR	MBS ETF	464288588	32,418	294,463	SH		DFND	1,2	294,463	0	0
ISHARES TR	CORE US CR BD	464288620	6,739	59,206	SH		DFND	1,2	59,206	0	0
ISHARES TR	3-7 YR TR BD ETF	464288661	1,346	10,638	SH		DFND	1,2	10,638	0	0
ISHARES TR	SHRT TRS BD ETF	464288679	61,983	561,292	SH		DFND	1,2	561,292	0	0
ISHARES TR	U.S. PFD STK ETF	464288687	34,223	866,400	SH		DFND	1,2	866,400	0	0
ISHARES	INDIA 50 ETF	464289529	272	9,119	SH		DFND	1,2	9,119	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	1,679	92,230	SH		DFND	1,2	92,230	0	0
ISHARES TR	MSCI INDIA ETF	46429B598	1,458	49,578	SH		DFND	1,2	49,578	0	0
ISHARES TR	CHINA ETF	46429B671	1,056	21,779	SH		DFND	1,2	21,779	0	0
ISHARES TR	MIN VOL USA ETF	46429B697	4	90	SH		DFND	1,2	90	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	795	14,423	SH		DFND	1,2	14,423	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	325	7,130	SH		DFND	1,2	7,130	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	1,767	56,071	SH		DFND	1,2	56,071	0	0
JOY GLOBAL INC	COM	481165108	3,382	121,926	SH		DFND	1,2	121,926	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	126	6,660	SH		DFND	1,2	6,660	0	0
KELLOGG CO	COM	487836108	3,390	43,758	SH		DFND	1,2	43,758	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	2,071	91,836	SH		DFND	1,2	91,836	0	0
KINDER MORGAN INC DEL	COM	49456B101	145	6,263	SH		DFND	1,2	6,263	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	2,315	83,523	SH		DFND	1,2	83,523	0	0
LEXINGTON REALTY TRUST	COM	529043101	1,931	187,431	SH		DFND	1,2	187,431	0	0
LEXMARK INTL INC	CL A	529771107	3,104	77,690	SH		DFND	1,2	77,690	0	0
LINEAR TECHNOLOGY CORP	COM	535678106	4,122	69,529	SH		DFND	1,2	69,529	0	0
LINKEDIN CORP	COM CL A	53578A108	13,168	68,900	SH		DFND	1,2	68,900	0	0
LOUISIANA PAC CORP	COM	546347105	181	9,615	SH		DFND	1,2	9,615	0	0
MACK CALI RLTY CORP	COM	554489104	2,219	81,538	SH		DFND	1,2	81,538	0	0
MARATHON PETE CORP	COM	56585A102	60	1,490	SH		DFND	1,2	1,490	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	894	62,643	SH		DFND	1,2	62,643	0	0
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	1,774	166,748	SH		DFND	1,2	166,748	0	0
MONSANTO CO NEW	COM	61166W101	6,884	67,355	SH		DFND	1,2	67,355	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	744	35,550	SH		DFND	1,2	35,550	0	0
NETSUITE INC	COM	64118Q107	2,250	20,327	SH		DFND	1,2	20,327	0	0
NEW SR INVT GROUP INC	COM	648691103	933	80,806	SH		DFND	1,2	80,806	0	0
NEW YORK MTG TR INC	COM PAR $.02	649604501	656	108,963	SH		DFND	1,2	108,963	0	0
NEWCASTLE INVT CORP NEW	COM PAR $0.01	65105M603	267	58,849	SH		DFND	1,2	58,849	0	0
NEWMONT MINING CORP	COM	651639106	1,313	33,420	SH		DFND	1,2	33,420	0	0
NORTHSTAR RLTY FIN CORP	COM	66704R803	1,256	95,378	SH		DFND	1,2	95,378	0	0
NOW INC	COM	67011P100	93	4,322	SH		DFND	1,2	4,322	0	0
OASIS PETE INC NEW	COM	674215108	84	7,282	SH		DFND	1,2	7,282	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	157	2,155	SH		DFND	1,2	2,155	0	0
OCEANEERING INTL INC	COM	675232102	111	4,037	SH		DFND	1,2	4,037	0	0
OIL STS INTL INC	COM	678026105	66	2,091	SH		DFND	1,2	2,091	0	0
ORCHID IS CAP INC	COM	68571X103	223	21,370	SH		DFND	1,2	21,370	0	0
PBF ENERGY INC	CL A	69318G106	92	4,045	SH		DFND	1,2	4,045	0	0
PARKWAY PPTYS INC	COM	70159Q104	1,437	84,468	SH		DFND	1,2	84,468	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	1,895	71,240	SH		DFND	1,2	71,240	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	1,567	68,045	SH		DFND	1,2	68,045	0	0
PENNYMAC MTG INVT TR	COM	70931T103	1,016	65,209	SH		DFND	1,2	65,209	0	0
PHILLIPS 66	COM	718546104	122	1,511	SH		DFND	1,2	1,511	0	0
PHYSICIANS RLTY TR	COM	71943U104	2,900	134,632	SH		DFND	1,2	134,632	0	0
PILGRIMS PRIDE CORP NEW	COM	72147K108	1,386	65,603	SH		DFND	1,2	65,603	0	0
PIONEER ENERGY SVCS CORP	COM	723664108	11	2,628	SH		DFND	1,2	2,628	0	0
PIONEER NAT RES CO	COM	723787107	84	455	SH		DFND	1,2	455	0	0
PLATFORM SPECIALTY PRODS COR	COM	72766Q105	298	36,786	SH		DFND	1,2	36,786	0	0
POST HLDGS INC	COM	737446104	627	8,122	SH		DFND	1,2	8,122	0	0
POST PPTYS INC	COM	737464107	2,183	33,017	SH		DFND	1,2	33,017	0	0
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	0	15	SH		DFND	1,2	15	0	0
POWERSHARES DB G10 CURCY HAR	COM UT BEN INT	73935Y102	4,367	175,198	SH		DFND	1,2	175,198	0	0
POWERSHS DB MULTI SECT COMM	DB GOLD FUND	73936B606	899	21,088	SH		DFND	1,2	21,088	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	50,813	2,189,263	SH		DFND	1,2	2,189,263	0	0
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	127	4,153	SH		DFND	1,2	4,153	0	0
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	2	40	SH		DFND	1,2	40	0	0
PRIVATEBANCORP INC	COM	742962103	2,729	59,429	SH		DFND	1,2	59,429	0	0
PROSHARES TR	PSHS SH MSCI EMR	74347R396	3,409	140,709	SH		DFND	1,2	140,709	0	0
PROSHARES TR II	ULTRASHRT EURO	74347W882	1,171	47,675	SH		DFND	1,2	47,675	0	0
QTS RLTY TR INC	COM CL A	74736A103	2,117	40,062	SH		DFND	1,2	40,062	0	0
RAIT FINANCIAL TRUST	COM NEW	749227609	309	91,344	SH		DFND	1,2	91,344	0	0
RPC INC	COM	749660106	41	2,444	SH		DFND	1,2	2,444	0	0
RACKSPACE HOSTING INC	COM	750086100	8,450	266,646	SH		DFND	1,2	266,646	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	1,468	78,357	SH		DFND	1,2	78,357	0	0
REDWOOD TR INC	COM	758075402	1,072	75,685	SH		DFND	1,2	75,685	0	0
RESOURCE CAP CORP	COM NEW	76120W708	387	30,232	SH		DFND	1,2	30,232	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	2,361	107,503	SH		DFND	1,2	107,503	0	0
REXFORD INDL RLTY INC	COM	76169C100	1,510	65,975	SH		DFND	1,2	65,975	0	0
RITE AID CORP	COM	767754104	5,053	657,139	SH		DFND	1,2	657,139	0	0
ROFIN SINAR TECHNOLOGIES INC	COM	775043102	435	13,520	SH		DFND	1,2	13,520	0	0
ROYAL GOLD INC	COM	780287108	319	4,121	SH		DFND	1,2	4,121	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	1,017	19,230	SH		DFND	1,2	19,230	0	0
RYDEX ETF TRUST	GUG S&P500 PU GR	78355W403	561	6,667	SH		DFND	1,2	6,667	0	0
SM ENERGY CO	COM	78454L100	138	3,571	SH		DFND	1,2	3,571	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,673	12,359	SH		DFND	1,2	12,359	0	0
SPDR INDEX SHS FDS	S&P CHINA ETF	78463X400	426	5,336	SH		DFND	1,2	5,336	0	0
SPDR INDEX SHS FDS	S&P EMKTSC ETF	78463X756	3,269	75,754	SH		DFND	1,2	75,754	0	0
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463X871	287	9,143	SH		DFND	1,2	9,143	0	0
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	170,200	3,671,278	SH		DFND	1,2	3,671,278	0	0
SPDR SERIES TRUST	BRC MTG BCKD BD	78464A383	46,942	1,727,518	SH		DFND	1,2	1,727,518	0	0
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	2,081	56,659	SH		DFND	1,2	56,659	0	0
SPDR SERIES TRUST	CITI INT GVT ETF	78464A490	854	15,408	SH		DFND	1,2	15,408	0	0
SPDR SERIES TRUST	DJ REIT ETF	78464A607	118	1,217	SH		DFND	1,2	1,217	0	0
SPDR SERIES TRUST	BRCLYS AGG ETF	78464A649	2,846	48,035	SH		DFND	1,2	48,035	0	0
SPDR SERIES TRUST	BRCLYS 1-3MT ETF	78464A680	28,338	619,691	SH		DFND	1,2	619,691	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	8,226	173,981	SH		DFND	1,2	173,981	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,612	64,032	SH		DFND	1,2	64,032	0	0
ST JUDE MED INC	COM	790849103	10,290	129,010	SH		DFND	1,2	129,010	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	20	2,317	SH		DFND	1,2	2,317	0	0
SANDERSON FARMS INC	COM	800013104	1,031	10,699	SH		DFND	1,2	10,699	0	0
SCHLUMBERGER LTD	COM	806857108	278	3,533	SH		DFND	1,2	3,533	0	0
SEABOARD CORP	COM	811543107	1,039	302	SH		DFND	1,2	302	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	3,497	48,493	SH		DFND	1,2	48,493	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	1,622	20,264	SH		DFND	1,2	20,264	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	1,174	16,629	SH		DFND	1,2	16,629	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	6,523	337,974	SH		DFND	1,2	337,974	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	1,209	20,709	SH		DFND	1,2	20,709	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	36,057	754,646	SH		DFND	1,2	754,646	0	0
SELECT SECTOR SPDR TR	RL EST SEL SEC	81369Y860	1,448	44,184	SH		DFND	1,2	44,184	0	0
SEMGROUP CORP	CL A	81663A105	77	2,179	SH		DFND	1,2	2,179	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	1,157	22,823	SH		DFND	1,2	22,823	0	0
SILVER BAY RLTY TR CORP	COM	82735Q102	564	32,192	SH		DFND	1,2	32,192	0	0
SMUCKER J M CO	COM NEW	832696405	2,017	14,883	SH		DFND	1,2	14,883	0	0
SOLARCITY CORP	COM	83416T100	979	50,027	SH		DFND	1,2	50,027	0	0
SOUTHERN COPPER CORP	COM	84265V105	276	10,489	SH		DFND	1,2	10,489	0	0
SPECTRA ENERGY CORP	COM	847560109	80	1,871	SH		DFND	1,2	1,871	0	0
STAG INDL INC	COM	85254J102	1,755	71,618	SH		DFND	1,2	71,618	0	0
STARZ	COM SER A	85571Q102	1,158	37,133	SH		DFND	1,2	37,133	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,139	86,527	SH		DFND	1,2	86,527	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	111	6,201	SH		DFND	1,2	6,201	0	0
SYNERGY RES CORP	COM	87164P103	55	7,890	SH		DFND	1,2	7,890	0	0
TALEN ENERGY CORP	COM	87422J105	1,027	74,122	SH		DFND	1,2	74,122	0	0
TESCO CORP	COM	88157K101	15	1,821	SH		DFND	1,2	1,821	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	137	2,835	SH		DFND	1,2	2,835	0	0
TIER REIT INC	COM NEW	88650V208	733	47,457	SH		DFND	1,2	47,457	0	0
TITAN INTL INC ILL	COM	88830M102	108	10,643	SH		DFND	1,2	10,643	0	0
TURQUOISE HILL RES LTD	COM	900435108	1,826	614,722	SH		DFND	1,2	614,722	0	0
TYSON FOODS INC	CL A	902494103	7,211	96,565	SH		DFND	1,2	96,565	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	73	1,369	SH		DFND	1,2	1,369	0	0
VALSPAR CORP	COM	920355104	5,196	48,989	SH		DFND	1,2	48,989	0	0
VANECK VECTORS ETF TR	RUSSIA ETF	92189F403	1	35	SH		DFND	1,2	35	0	0
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	4,233	221,854	SH		DFND	1,2	221,854	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	264,883	3,277,035	SH		DFND	1,2	3,277,035	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	68,134	809,773	SH		DFND	1,2	809,773	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	33,817	903,971	SH		DFND	1,2	903,971	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	845	22,466	SH		DFND	1,2	22,466	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	21,046	431,877	SH		DFND	1,2	431,877	0	0
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	314	2,497	SH		DFND	1,2	2,497	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	311	3,188	SH		DFND	1,2	3,188	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	733	5,516	SH		DFND	1,2	5,516	0	0
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	366	3,299	SH		DFND	1,2	3,299	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	787	6,538	SH		DFND	1,2	6,538	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	94,065	1,743,242	SH		DFND	1,2	1,743,242	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	74,162	827,888	SH		DFND	1,2	827,888	0	0
VANGUARD INDEX FDS	REIT ETF	922908553	1,086	12,518	SH		DFND	1,2	12,518	0	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	16,496	125,185	SH		DFND	1,2	125,185	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	426	3,853	SH		DFND	1,2	3,853	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	6,927	61,689	SH		DFND	1,2	61,689	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	32,092	368,864	SH		DFND	1,2	368,864	0	0
VIRGIN AMER INC	COM VTG	92765X208	2,548	47,615	SH		DFND	1,2	47,615	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	2,293	185,207	SH		DFND	1,2	185,207	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	2,290	73,593	SH		DFND	1,2	73,593	0	0
WESTAR ENERGY INC	COM	95709T100	1,804	31,788	SH		DFND	1,2	31,788	0	0
WESTERN ASSET MTG CAP CORP	COM	95790D105	424	40,689	SH		DFND	1,2	40,689	0	0
WESTERN REFNG INC	COM	959319104	92	3,464	SH		DFND	1,2	3,464	0	0
WHITEWAVE FOODS CO	COM	966244105	4,088	75,098	SH		DFND	1,2	75,098	0	0
WILLIAMS COS INC DEL	COM	969457100	64	2,075	SH		DFND	1,2	2,075	0	0
WISDOMTREE TR	INTL SMCAP DIV	97717W760	432	7,047	SH		DFND	1,2	7,047	0	0
WISDOMTREE TR	EM LCL DEBT FD	97717X867	628	16,507	SH		DFND	1,2	16,507	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	1,643	108,265	SH		DFND	1,2	108,265	0	0
XYLEM INC	COM	98419M100	2,625	50,047	SH		DFND	1,2	50,047	0	0
YADKIN FINL CORP	COM	984305102	487	18,543	SH		DFND	1,2	18,543	0	0