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
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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
BUNGE LIMITED	COM	G16962105	1,816	25,134	SH		DFND	1,2	25,134	0	0
ENSCO PLC	SHS CLASS A	G3157S106	115	11,831	SH		DFND	1,2	11,831	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	561	9,252	SH		DFND	1,2	9,252	0	0
KOSMOS ENERGY LTD	SHS	G5315B107	43	6,134	SH		DFND	1,2	6,134	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	176	10,718	SH		DFND	1,2	10,718	0	0
NOBLE CORP PLC	SHS USD	G65431101	56	9,451	SH		DFND	1,2	9,451	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	92	4,848	SH		DFND	1,2	4,848	0	0
SEADRILL LIMITED	SHS	G7945E105	51	15,017	SH		DFND	1,2	15,017	0	0
PENTAIR PLC	SHS	G7S00T104	3,008	53,641	SH		DFND	1,2	53,641	0	0
ADECOAGRO S A	COM	L00849106	297	28,634	SH		DFND	1,2	28,634	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	5,707	58,229	SH		DFND	1,2	58,229	0	0
AEP INDS INC	COM	001031103	916	7,891	SH		DFND	1,2	7,891	0	0
AGCO CORP	COM	001084102	1,029	17,784	SH		DFND	1,2	17,784	0	0
AG MTG INVT TR INC	COM	001228105	451	26,338	SH		DFND	1,2	26,338	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	2,531	77,462	SH		DFND	1,2	77,462	0	0
ALCOA CORP	COM	013872106	108	3,831	SH		DFND	1,2	3,831	0	0
ALERE INC	COM	01449J105	3,177	81,535	SH		DFND	1,2	81,535	0	0
ALON USA ENERGY INC	COM	020520102	14	1,253	SH		DFND	1,2	1,253	0	0
ALON USA PARTNERS LP	UT LTDPART INT	02052T109	4	443	SH		DFND	1,2	443	0	0
ALTISOURCE RESIDENTIAL CORP	CL B	02153W100	524	47,422	SH		DFND	1,2	47,422	0	0
AMERICAN VANGUARD CORP	COM	030371108	133	6,950	SH		DFND	1,2	6,950	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	3,871	53,496	SH		DFND	1,2	53,496	0	0
ANADARKO PETE CORP	COM	032511107	201	2,889	SH		DFND	1,2	2,889	0	0
ANWORTH MORTGAGE ASSET CP	COM	037347101	468	90,460	SH		DFND	1,2	90,460	0	0
APACHE CORP	COM	037411105	134	2,119	SH		DFND	1,2	2,119	0	0
APOLLO ED GROUP INC	CL A	037604105	791	79,858	SH		DFND	1,2	79,858	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	1,285	77,298	SH		DFND	1,2	77,298	0	0
APPLIED MICRO CIRCUITS CORP	COM NEW	03822W406	339	41,103	SH		DFND	1,2	41,103	0	0
AQUA AMERICA INC	COM	03836W103	1,631	54,298	SH		DFND	1,2	54,298	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	4,847	106,180	SH		DFND	1,2	106,180	0	0
ARES COML REAL ESTATE CORP	COM	04013V108	339	24,684	SH		DFND	1,2	24,684	0	0
ARMOUR RESIDENTIAL REIT INC	COM NEW	042315507	757	34,921	SH		DFND	1,2	34,921	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	305	22,345	SH		DFND	1,2	22,345	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	609	78,534	SH		DFND	1,2	78,534	0	0
BAKER HUGHES INC	COM	057224107	3,322	51,130	SH		DFND	1,2	51,130	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06740Q252	2,212	86,701	SH		DFND	1,2	86,701	0	0
B/E AEROSPACE INC	COM	073302101	3,374	56,053	SH		DFND	1,2	56,053	0	0
BLUE NILE INC	COM	09578R103	475	11,702	SH		DFND	1,2	11,702	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	2,750	166,563	SH		DFND	1,2	166,563	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	2,542	203,541	SH		DFND	1,2	203,541	0	0
CBL & ASSOC PPTYS INC	COM	124830100	1,850	160,876	SH		DFND	1,2	160,876	0	0
CST BRANDS INC	COM	12646R105	3,382	70,242	SH		DFND	1,2	70,242	0	0
CVR ENERGY INC	COM	12662P108	16	613	SH		DFND	1,2	613	0	0
CVR PARTNERS LP	COM	126633106	108	17,944	SH		DFND	1,2	17,944	0	0
CVR REFNG LP	COMUNIT REP LT	12663P107	58	5,565	SH		DFND	1,2	5,565	0	0
CABELAS INC	COM	126804301	614	10,493	SH		DFND	1,2	10,493	0	0
CAL MAINE FOODS INC	COM NEW	128030202	336	7,604	SH		DFND	1,2	7,604	0	0
CALIFORNIA RES CORP	COM NEW	13057Q206	31	1,444	SH		DFND	1,2	1,444	0	0
CAPSTEAD MTG CORP	COM NO PAR	14067E506	928	91,046	SH		DFND	1,2	91,046	0	0
CARDINAL FINL CORP	COM	14149F109	715	21,806	SH		DFND	1,2	21,806	0	0
CARE CAP PPTYS INC	COM	141624106	2,010	80,419	SH		DFND	1,2	80,419	0	0
CARETRUST REIT INC	COM	14174T107	924	60,340	SH		DFND	1,2	60,340	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	513	78,624	SH		DFND	1,2	78,624	0	0
CHEMTURA CORP	COM NEW	163893209	2,022	60,904	SH		DFND	1,2	60,904	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	1,465	56,665	SH		DFND	1,2	56,665	0	0
CHEVRON CORP NEW	COM	166764100	1,251	10,625	SH		DFND	1,2	10,625	0	0
COBALT INTL ENERGY INC	COM	19075F106	17	14,165	SH		DFND	1,2	14,165	0	0
COLONY CAP INC	CL A	19624R106	2,139	105,649	SH		DFND	1,2	105,649	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	785	45,771	SH		DFND	1,2	45,771	0	0
CONAGRA BRANDS INC	COM	205887102	3,042	76,907	SH		DFND	1,2	76,907	0	0
CONCHO RES INC	COM	20605P101	94	709	SH		DFND	1,2	709	0	0
CONOCOPHILLIPS	COM	20825C104	343	6,847	SH		DFND	1,2	6,847	0	0
CONSOL ENERGY INC	COM	20854P109	176	9,669	SH		DFND	1,2	9,669	0	0
COUSINS PPTYS INC	COM	222795106	2,880	338,459	SH		DFND	1,2	338,459	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	361	3,534	SH		DFND	1,2	3,534	0	0
DELEK US HLDGS INC	COM	246647101	52	2,148	SH		DFND	1,2	2,148	0	0
DENBURY RES INC	COM NEW	247916208	57	15,451	SH		DFND	1,2	15,451	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	44	2,511	SH		DFND	1,2	2,511	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	2,195	190,410	SH		DFND	1,2	190,410	0	0
DOMTAR CORP	COM NEW	257559203	426	10,910	SH		DFND	1,2	10,910	0	0
DYNEX CAP INC	COM NEW	26817Q506	303	44,374	SH		DFND	1,2	44,374	0	0
EOG RES INC	COM	26875P101	325	3,216	SH		DFND	1,2	3,216	0	0
EP ENERGY CORP	CL A	268785102	10	1,480	SH		DFND	1,2	1,480	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	677	33,809	SH		DFND	1,2	33,809	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	2,967	70,140	SH		DFND	1,2	70,140	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	2,990	148,093	SH		DFND	1,2	148,093	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	2,409	67,272	SH		DFND	1,2	67,272	0	0
EQUITY ONE	COM	294752100	1,953	63,645	SH		DFND	1,2	63,645	0	0
EVERBANK FINL CORP	COM	29977G102	480	24,695	SH		DFND	1,2	24,695	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	31	1,533	SH		DFND	1,2	1,533	0	0
EXXON MOBIL CORP	COM	30231G102	2,142	23,733	SH		DFND	1,2	23,733	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	73	6,226	SH		DFND	1,2	6,226	0	0
FELCOR LODGING TR INC	COM	31430F101	988	123,300	SH		DFND	1,2	123,300	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	3,110	110,860	SH		DFND	1,2	110,860	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	600	54,717	SH		DFND	1,2	54,717	0	0
FLOWSERVE CORP	COM	34354P105	1,872	38,960	SH		DFND	1,2	38,960	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	1,182	57,596	SH		DFND	1,2	57,596	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	1,293	99,781	SH		DFND	1,2	99,781	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	407	30,858	SH		DFND	1,2	30,858	0	0
G & K SVCS INC	CL A	361268105	1,226	12,710	SH		DFND	1,2	12,710	0	0
GENERAL MLS INC	COM	370334104	6,494	105,136	SH		DFND	1,2	105,136	0	0
GENWORTH FINL INC	COM CL A	37247D106	1,328	348,599	SH		DFND	1,2	348,599	0	0
GLOBAL NET LEASE INC	COM	379378102	1,284	164,020	SH		DFND	1,2	164,020	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	1,282	67,250	SH		DFND	1,2	67,250	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	106	4,899	SH		DFND	1,2	4,899	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	722	18,503	SH		DFND	1,2	18,503	0	0
HALCON RES CORP	COM PAR NEW	40537Q605	20	2,181	SH		DFND	1,2	2,181	0	0
HALLIBURTON CO	COM	406216101	257	4,745	SH		DFND	1,2	4,745	0	0
HARMAN INTL INDS INC	COM	413086109	2,562	23,047	SH		DFND	1,2	23,047	0	0
HEADWATERS INC	COM	42210P102	2,250	95,658	SH		DFND	1,2	95,658	0	0
HECLA MNG CO	COM	422704106	384	73,235	SH		DFND	1,2	73,235	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	840	39,083	SH		DFND	1,2	39,083	0	0
HORMEL FOODS CORP	COM	440452100	8,511	244,496	SH		DFND	1,2	244,496	0	0
ISTAR INC	COM	45031U101	808	65,280	SH		DFND	1,2	65,280	0	0
IDEX CORP	COM	45167R104	2,081	23,108	SH		DFND	1,2	23,108	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	8	1,252	SH		DFND	1,2	1,252	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	590	66,182	SH		DFND	1,2	66,182	0	0
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	1,389	48,242	SH		DFND	1,2	48,242	0	0
INFRAREIT INC	COM	45685L100	599	33,420	SH		DFND	1,2	33,420	0	0
INGREDION INC	COM	457187102	1,597	12,784	SH		DFND	1,2	12,784	0	0
INTERSIL CORP	CL A	46069S109	2,179	97,732	SH		DFND	1,2	97,732	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	1,566	107,280	SH		DFND	1,2	107,280	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	824	115,508	SH		DFND	1,2	115,508	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	540	16,205	SH		DFND	1,2	16,205	0	0
ISHARES	MSCI EURZONE ETF	464286608	20,782	600,640	SH		DFND	1,2	600,640	0	0
ISHARES TR	TIPS BD ETF	464287176	54,636	482,776	SH		DFND	1,2	482,776	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	5,509	158,700	SH		DFND	1,2	158,700	0	0
ISHARES TR	CORE S&P500 ETF	464287200	519	2,307	SH		DFND	1,2	2,307	0	0
ISHARES TR	CORE US AGGBD ET	464287226	29,755	275,367	SH		DFND	1,2	275,367	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	766	21,883	SH		DFND	1,2	21,883	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	293,869	2,507,841	SH		DFND	1,2	2,507,841	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	8,761	71,943	SH		DFND	1,2	71,943	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	9,952	98,166	SH		DFND	1,2	98,166	0	0
ISHARES TR	20 YR TR BD ETF	464287432	847	7,106	SH		DFND	1,2	7,106	0	0
ISHARES TR	7-10 Y TR BD ETF	464287440	5,032	48,005	SH		DFND	1,2	48,005	0	0
ISHARES TR	1-3 YR TR BD ETF	464287457	80,234	950,062	SH		DFND	1,2	950,062	0	0
ISHARES TR	MSCI EAFE ETF	464287465	12,371	214,303	SH		DFND	1,2	214,303	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	28,948	258,394	SH		DFND	1,2	258,394	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	18,735	178,602	SH		DFND	1,2	178,602	0	0
ISHARES TR	RUS 2000 VAL ETF	464287630	13,651	114,780	SH		DFND	1,2	114,780	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	582	3,782	SH		DFND	1,2	3,782	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	741	5,498	SH		DFND	1,2	5,498	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	242	3,146	SH		DFND	1,2	3,146	0	0
ISHARES TR	EUROPE ETF	464287861	6,498	167,439	SH		DFND	1,2	167,439	0	0
ISHARES TR	SP SMCP600VL ETF	464287879	7,405	52,889	SH		DFND	1,2	52,889	0	0
ISHARES TR	SP SMCP600GR ETF	464287887	215	1,435	SH		DFND	1,2	1,435	0	0
ISHARES TR	EAFE SML CP ETF	464288273	8,594	172,422	SH		DFND	1,2	172,422	0	0
ISHARES TR	JP MOR EM MK ETF	464288281	3,972	36,038	SH		DFND	1,2	36,038	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	27,351	316,006	SH		DFND	1,2	316,006	0	0
ISHARES TR	MBS ETF	464288588	8,628	81,138	SH		DFND	1,2	81,138	0	0
ISHARES TR	US CREDIT BD ETF	464288620	8,095	74,122	SH		DFND	1,2	74,122	0	0
ISHARES TR	10-20 YR TRS ETF	464288653	25	189	SH		DFND	1,2	189	0	0
ISHARES TR	3-7 YR TR BD ETF	464288661	4,676	38,169	SH		DFND	1,2	38,169	0	0
ISHARES TR	SHRT TRS BD ETF	464288679	69,260	627,924	SH		DFND	1,2	627,924	0	0
ISHARES TR	U.S. PFD STK ETF	464288687	6,218	167,080	SH		DFND	1,2	167,080	0	0
ISHARES	INDIA 50 ETF	464289529	1,147	41,917	SH		DFND	1,2	41,917	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	4,030	266,697	SH		DFND	1,2	266,697	0	0
ISHARES TR	MSCI INDIA ETF	46429B598	6,057	225,910	SH		DFND	1,2	225,910	0	0
ISHARES TR	CHINA ETF	46429B671	3,521	80,506	SH		DFND	1,2	80,506	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	908	16,926	SH		DFND	1,2	16,926	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	496	11,685	SH		DFND	1,2	11,685	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	50,006	1,023,455	SH		DFND	1,2	1,023,455	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	1,057	33,452	SH		DFND	1,2	33,452	0	0
JANUS CAP GROUP INC	COM	47102X105	500	37,709	SH		DFND	1,2	37,709	0	0
JOY GLOBAL INC	COM	481165108	2,778	99,227	SH		DFND	1,2	99,227	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	394	17,885	SH		DFND	1,2	17,885	0	0
KELLOGG CO	COM	487836108	4,626	62,761	SH		DFND	1,2	62,761	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	1,820	88,759	SH		DFND	1,2	88,759	0	0
KINDER MORGAN INC DEL	COM	49456B101	258	12,459	SH		DFND	1,2	12,459	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	1,883	80,187	SH		DFND	1,2	80,187	0	0
LATTICE SEMICONDUCTOR CORP	COM	518415104	697	94,712	SH		DFND	1,2	94,712	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	1,909	33,867	SH		DFND	1,2	33,867	0	0
LEXINGTON REALTY TRUST	COM	529043101	1,933	178,970	SH		DFND	1,2	178,970	0	0
LIFELOCK INC	COM	53224V100	1,728	72,223	SH		DFND	1,2	72,223	0	0
LINEAR TECHNOLOGY CORP	COM	535678106	4,441	71,234	SH		DFND	1,2	71,234	0	0
LOUISIANA PAC CORP	COM	546347105	490	25,896	SH		DFND	1,2	25,896	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	1,403	55,452	SH		DFND	1,2	55,452	0	0
MTGE INVT CORP	COM	55378A105	684	43,586	SH		DFND	1,2	43,586	0	0
MACK CALI RLTY CORP	COM	554489104	2,258	77,804	SH		DFND	1,2	77,804	0	0
MAMMOTH ENERGY SVCS INC	COM	56155L108	4	292	SH		DFND	1,2	292	0	0
MARATHON PETE CORP	COM	56585A102	148	2,948	SH		DFND	1,2	2,948	0	0
MEDEQUITIES RLTY TR INC	COM	58409L306	316	28,438	SH		DFND	1,2	28,438	0	0
MENTOR GRAPHICS CORP	COM	587200106	1,280	34,687	SH		DFND	1,2	34,687	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	946	62,053	SH		DFND	1,2	62,053	0	0
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	1,729	159,751	SH		DFND	1,2	159,751	0	0
MONSANTO CO NEW	COM	61166W101	7,275	69,147	SH		DFND	1,2	69,147	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	788	35,706	SH		DFND	1,2	35,706	0	0
NEW SR INVT GROUP INC	COM	648691103	758	77,398	SH		DFND	1,2	77,398	0	0
NEW YORK MTG TR INC	COM PAR $.02	649604501	689	104,366	SH		DFND	1,2	104,366	0	0
NEWMONT MINING CORP	COM	651639106	3,462	101,605	SH		DFND	1,2	101,605	0	0
NOW INC	COM	67011P100	83	4,076	SH		DFND	1,2	4,076	0	0
OASIS PETE INC NEW	COM	674215108	137	9,064	SH		DFND	1,2	9,064	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	305	4,286	SH		DFND	1,2	4,286	0	0
OCEANEERING INTL INC	COM	675232102	107	3,807	SH		DFND	1,2	3,807	0	0
OIL STS INTL INC	COM	678026105	77	1,974	SH		DFND	1,2	1,974	0	0
ORCHID IS CAP INC	COM	68571X103	258	23,810	SH		DFND	1,2	23,810	0	0
PBF ENERGY INC	CL A	69318G106	106	3,814	SH		DFND	1,2	3,814	0	0
PAR PACIFIC HOLDINGS INC	COM NEW	69888T207	18	1,255	SH		DFND	1,2	1,255	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	2,031	68,282	SH		DFND	1,2	68,282	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	1,236	65,198	SH		DFND	1,2	65,198	0	0
PENNYMAC MTG INVT TR	COM	70931T103	1,007	61,531	SH		DFND	1,2	61,531	0	0
PHILLIPS 66	COM	718546104	259	3,003	SH		DFND	1,2	3,003	0	0
PHYSICIANS RLTY TR	COM	71943U104	2,463	129,901	SH		DFND	1,2	129,901	0	0
PILGRIMS PRIDE CORP NEW	COM	72147K108	2,137	112,546	SH		DFND	1,2	112,546	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	6,017	59,383	SH		DFND	1,2	59,383	0	0
PIONEER ENERGY SVCS CORP	COM	723664108	20	2,891	SH		DFND	1,2	2,891	0	0
PIONEER NAT RES CO	COM	723787107	165	919	SH		DFND	1,2	919	0	0
PLATFORM SPECIALTY PRODS COR	COM	72766Q105	498	50,805	SH		DFND	1,2	50,805	0	0
POST HLDGS INC	COM	737446104	937	11,655	SH		DFND	1,2	11,655	0	0
POWERSHARES DB G10 CURCY HAR	COM UT BEN INT	73935Y102	4,930	198,744	SH		DFND	1,2	198,744	0	0
POWERSHS DB MULTI SECT COMM	DB GOLD FUND	73936B606	878	23,710	SH		DFND	1,2	23,710	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	30,600	1,309,919	SH		DFND	1,2	1,309,919	0	0
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	3,137	110,975	SH		DFND	1,2	110,975	0	0
PRIVATEBANCORP INC	COM	742962103	3,284	60,601	SH		DFND	1,2	60,601	0	0
PROSHARES TR	PSHS SH MSCI EMR	74347R396	2,224	95,840	SH		DFND	1,2	95,840	0	0
PROSHARES TR II	ULTRASHORT YEN N	74347W569	517	6,891	SH		DFND	1,2	6,891	0	0
PROSHARES TR II	ULTRASHRT EURO	74347W882	961	37,004	SH		DFND	1,2	37,004	0	0
PROSHARES TR	ULTSHT REAL EST	74348A244	472	13,563	SH		DFND	1,2	13,563	0	0
PROSHARES TR	ULTSHT RUSS2000	74348A319	15	643	SH		DFND	1,2	643	0	0
QTS RLTY TR INC	COM CL A	74736A103	1,905	38,361	SH		DFND	1,2	38,361	0	0
RAIT FINANCIAL TRUST	COM NEW	749227609	294	87,480	SH		DFND	1,2	87,480	0	0
RPC INC	COM	749660106	44	2,229	SH		DFND	1,2	2,229	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	1,245	75,065	SH		DFND	1,2	75,065	0	0
REDWOOD TR INC	COM	758075402	1,099	72,223	SH		DFND	1,2	72,223	0	0
RESOLUTE ENERGY CORP	COM NEW	76116A306	24	577	SH		DFND	1,2	577	0	0
RESOURCE CAP CORP	COM NEW	76120W708	234	28,092	SH		DFND	1,2	28,092	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	2,184	103,382	SH		DFND	1,2	103,382	0	0
REXFORD INDL RLTY INC	COM	76169C100	1,466	63,213	SH		DFND	1,2	63,213	0	0
REYNOLDS AMERICAN INC	COM	761713106	5,924	105,715	SH		DFND	1,2	105,715	0	0
ROYAL GOLD INC	COM	780287108	795	12,542	SH		DFND	1,2	12,542	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	657	11,427	SH		DFND	1,2	11,427	0	0
RYDEX ETF TRUST	GUG S&P500 PU GR	78355W403	1,082	12,950	SH		DFND	1,2	12,950	0	0
SM ENERGY CO	COM	78454L100	129	3,741	SH		DFND	1,2	3,741	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,269	5,677	SH		DFND	1,2	5,677	0	0
SPDR INDEX SHS FDS	S&P CHINA ETF	78463X400	1,283	17,799	SH		DFND	1,2	17,799	0	0
SPDR INDEX SHS FDS	S&P EMKTSC ETF	78463X756	10,696	269,265	SH		DFND	1,2	269,265	0	0
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463X871	935	32,253	SH		DFND	1,2	32,253	0	0
SPDR SERIES TRUST	BLMBRG BRC CNVRT	78464A359	125,529	2,749,810	SH		DFND	1,2	2,749,810	0	0
SPDR SERIES TRUST	BLOMBRG BRC MRTG	78464A383	12,563	478,059	SH		DFND	1,2	478,059	0	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78464A417	32,076	880,008	SH		DFND	1,2	880,008	0	0
SPDR SERIES TRUST	DJ REIT ETF	78464A607	208	2,225	SH		DFND	1,2	2,225	0	0
SPDR SERIES TRUST	BLOMBRG BRC AGRT	78464A649	822	14,447	SH		DFND	1,2	14,447	0	0
SPDR SERIES TRUST	BLOOMBERG LNG TR	78464A664	318	4,616	SH		DFND	1,2	4,616	0	0
SPDR SERIES TRUST	BLMBRG BR 1 3 MT	78464A680	29,857	653,321	SH		DFND	1,2	653,321	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	4,619	97,253	SH		DFND	1,2	97,253	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,497	61,300	SH		DFND	1,2	61,300	0	0
ST JUDE MED INC	COM	790849103	10,625	132,501	SH		DFND	1,2	132,501	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	20	2,175	SH		DFND	1,2	2,175	0	0
SANDERSON FARMS INC	COM	800013104	1,447	15,353	SH		DFND	1,2	15,353	0	0
SCHLUMBERGER LTD	COM	806857108	589	7,012	SH		DFND	1,2	7,012	0	0
SCHWAB STRATEGIC TR	INTRM TRM TRES	808524854	8,372	156,935	SH		DFND	1,2	156,935	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	39,333	780,100	SH		DFND	1,2	780,100	0	0
SEABOARD CORP	COM	811543107	2,008	508	SH		DFND	1,2	508	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	914	18,402	SH		DFND	1,2	18,402	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	1,521	22,067	SH		DFND	1,2	22,067	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	60	1,162	SH		DFND	1,2	1,162	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	777	9,540	SH		DFND	1,2	9,540	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	393	5,216	SH		DFND	1,2	5,216	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	4,170	179,274	SH		DFND	1,2	179,274	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	58	939	SH		DFND	1,2	939	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	6,150	127,152	SH		DFND	1,2	127,152	0	0
SELECT SECTOR SPDR TR	RL EST SEL SEC	81369Y860	19	602	SH		DFND	1,2	602	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	20	405	SH		DFND	1,2	405	0	0
SEMGROUP CORP	CL A	81663A105	107	2,573	SH		DFND	1,2	2,573	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	932	21,832	SH		DFND	1,2	21,832	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	101	3,463	SH		DFND	1,2	3,463	0	0
SILVER BAY RLTY TR CORP	COM	82735Q102	528	30,834	SH		DFND	1,2	30,834	0	0
SMUCKER J M CO	COM NEW	832696405	2,732	21,331	SH		DFND	1,2	21,331	0	0
SOUTHERN COPPER CORP	COM	84265V105	634	19,846	SH		DFND	1,2	19,846	0	0
SPECTRA ENERGY CORP	COM	847560109	5,518	134,277	SH		DFND	1,2	134,277	0	0
STAG INDL INC	COM	85254J102	1,734	72,646	SH		DFND	1,2	72,646	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,330	82,950	SH		DFND	1,2	82,950	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	99	5,851	SH		DFND	1,2	5,851	0	0
SYNERGY RES CORP	COM	87164P103	66	7,440	SH		DFND	1,2	7,440	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	81	1,700	SH		DFND	1,2	1,700	0	0
TEAM HEALTH HOLDINGS INC	COM	87817A107	3,854	88,691	SH		DFND	1,2	88,691	0	0
TESCO CORP	COM	88157K101	14	1,716	SH		DFND	1,2	1,716	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	135	2,663	SH		DFND	1,2	2,663	0	0
TIER REIT INC	COM NEW	88650V208	790	45,444	SH		DFND	1,2	45,444	0	0
TIME WARNER INC	COM NEW	887317303	6,316	65,431	SH		DFND	1,2	65,431	0	0
TITAN INTL INC ILL	COM	88830M102	131	11,686	SH		DFND	1,2	11,686	0	0
TURQUOISE HILL RES LTD	COM	900435108	286	88,661	SH		DFND	1,2	88,661	0	0
TYSON FOODS INC	CL A	902494103	10,219	165,685	SH		DFND	1,2	165,685	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	185	2,706	SH		DFND	1,2	2,706	0	0
VALSPAR CORP	COM	920355104	5,211	50,294	SH		DFND	1,2	50,294	0	0
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	15,360	872,759	SH		DFND	1,2	872,759	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	338,565	4,261,351	SH		DFND	1,2	4,261,351	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	22,493	278,412	SH		DFND	1,2	278,412	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	9,550	261,360	SH		DFND	1,2	261,360	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,283	35,870	SH		DFND	1,2	35,870	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	30,720	640,802	SH		DFND	1,2	640,802	0	0
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	126	979	SH		DFND	1,2	979	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	91	869	SH		DFND	1,2	869	0	0
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	200	3,371	SH		DFND	1,2	3,371	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	550	4,339	SH		DFND	1,2	4,339	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	940	7,739	SH		DFND	1,2	7,739	0	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	374	3,329	SH		DFND	1,2	3,329	0	0
VANGUARD WORLD FDS	TELCOMM ETF	92204A884	16	164	SH		DFND	1,2	164	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS2000IDX	92206C664	16	148	SH		DFND	1,2	148	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM GOV	92206C706	7,518	117,615	SH		DFND	1,2	117,615	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	25,092	479,863	SH		DFND	1,2	479,863	0	0
VANGUARD SCOTTSDALE FDS	LONG-TERM GOV	92206C847	455	6,181	SH		DFND	1,2	6,181	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	43,793	511,002	SH		DFND	1,2	511,002	0	0
VANGUARD INDEX FDS	REIT ETF	922908553	1,975	23,932	SH		DFND	1,2	23,932	0	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	361	2,716	SH		DFND	1,2	2,716	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	15,434	127,557	SH		DFND	1,2	127,557	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	13,338	119,651	SH		DFND	1,2	119,651	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	21,794	234,322	SH		DFND	1,2	234,322	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	11	91	SH		DFND	1,2	91	0	0
WCI CMNTYS INC	COM PAR $0.01	92923C807	453	19,336	SH		DFND	1,2	19,336	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,848	177,490	SH		DFND	1,2	177,490	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	2,334	71,406	SH		DFND	1,2	71,406	0	0
WESTAR ENERGY INC	COM	95709T100	1,832	32,505	SH		DFND	1,2	32,505	0	0
WESTERN ASSET MTG CAP CORP	COM	95790D105	392	38,973	SH		DFND	1,2	38,973	0	0
WESTERN REFNG INC	COM	959319104	2,529	66,802	SH		DFND	1,2	66,802	0	0
WHITEWAVE FOODS CO	COM	966244105	4,277	76,930	SH		DFND	1,2	76,930	0	0
WILLIAMS COS INC DEL	COM	969457100	129	4,141	SH		DFND	1,2	4,141	0	0
WISDOMTREE TR	INTL SMCAP DIV	97717W760	1,588	26,455	SH		DFND	1,2	26,455	0	0
WISDOMTREE TR	EM LCL DEBT FD	97717X867	1,543	43,122	SH		DFND	1,2	43,122	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	2,000	103,008	SH		DFND	1,2	103,008	0	0
XYLEM INC	COM	98419M100	2,649	53,488	SH		DFND	1,2	53,488	0	0
YADKIN FINL CORP	COM	984305102	647	18,893	SH		DFND	1,2	18,893	0	0