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
ARGO GROUP INTL HLDGS LTD	COM	G0464B107	423	6,972	SH		DFND	1,2	6,972	0	0
BUNGE LIMITED	COM	G16962105	242	3,242	SH		DFND	1,2	3,242	0	0
ENSCO PLC	SHS CLASS A	G3157S106	43	8,358	SH		DFND	1,2	8,358	0	0
ESSENT GROUP LTD	COM	G3198U102	485	13,071	SH		DFND	1,2	13,071	0	0
FERROGLOBE PLC	SHS	G33856108	28	2,377	SH		DFND	1,2	2,377	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	466	9,168	SH		DFND	1,2	9,168	0	0
KOSMOS ENERGY LTD	SHS	G5315B107	40	6,256	SH		DFND	1,2	6,256	0	0
MAIDEN HOLDINGS LTD	SHS	G5753U112	375	33,822	SH		DFND	1,2	33,822	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	62	7,624	SH		DFND	1,2	7,624	0	0
NOBLE CORP PLC	SHS USD	G65431101	24	6,698	SH		DFND	1,2	6,698	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	35	3,431	SH		DFND	1,2	3,431	0	0
PENTAIR PLC	SHS	G7S00T104	1,164	17,484	SH		DFND	1,2	17,484	0	0
THIRD PT REINS LTD	COM	G8827U100	544	39,129	SH		DFND	1,2	39,129	0	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	3,987	75,368	SH		DFND	1,2	75,368	0	0
ADECOAGRO S A	COM	L00849106	289	28,950	SH		DFND	1,2	28,950	0	0
TRINSEO S A	SHS	L9340P101	484	7,051	SH		DFND	1,2	7,051	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	16,296	148,886	SH		DFND	1,2	148,886	0	0
PATHEON N V	SHS	N6865W105	2,507	71,866	SH		DFND	1,2	71,866	0	0
AAR CORP	COM	000361105	489	14,082	SH		DFND	1,2	14,082	0	0
ACCO BRANDS CORP	COM	00081T108	419	36,003	SH		DFND	1,2	36,003	0	0
ABM INDS INC	COM	000957100	451	10,863	SH		DFND	1,2	10,863	0	0
AGCO CORP	COM	001084102	1,060	15,724	SH		DFND	1,2	15,724	0	0
AG MTG INVT TR INC	COM	001228105	605	33,056	SH		DFND	1,2	33,056	0	0
AK STL HLDG CORP	COM	001547108	433	65,840	SH		DFND	1,2	65,840	0	0
AV HOMES INC	COM	00234P102	577	28,782	SH		DFND	1,2	28,782	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	2,821	101,483	SH		DFND	1,2	101,483	0	0
ADVANCED ENERGY INDS	COM	007973100	446	6,891	SH		DFND	1,2	6,891	0	0
AKORN INC	COM	009728106	15,595	464,969	SH		DFND	1,2	464,969	0	0
ALCOA CORP	COM	013872106	84	2,548	SH		DFND	1,2	2,548	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	26	1,505	SH		DFND	1,2	1,505	0	0
ALLEGIANCE BANCSHARES INC	COM	01748H107	487	12,714	SH		DFND	1,2	12,714	0	0
ALON USA ENERGY INC	COM	020520102	12	885	SH		DFND	1,2	885	0	0
ALTISOURCE RESIDENTIAL CORP	CL B	02153W100	718	55,474	SH		DFND	1,2	55,474	0	0
AMERICAN ASSETS TR INC	COM	024013104	1,891	48,018	SH		DFND	1,2	48,018	0	0
AMERICAN AXLE & MFG HLDGS IN	COM	024061103	393	25,214	SH		DFND	1,2	25,214	0	0
AMERICAN STS WTR CO	COM	029899101	166	3,512	SH		DFND	1,2	3,512	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	1,330	17,050	SH		DFND	1,2	17,050	0	0
AMKOR TECHNOLOGY INC	COM	031652100	399	40,857	SH		DFND	1,2	40,857	0	0
ANADARKO PETE CORP	COM	032511107	439	9,668	SH		DFND	1,2	9,668	0	0
ANDERSONS INC	COM	034164103	22	655	SH		DFND	1,2	655	0	0
ANIXTER INTL INC	COM	035290105	468	5,983	SH		DFND	1,2	5,983	0	0
ANWORTH MORTGAGE ASSET CP	COM	037347101	683	113,644	SH		DFND	1,2	113,644	0	0
APACHE CORP	COM	037411105	316	6,582	SH		DFND	1,2	6,582	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	2,353	126,821	SH		DFND	1,2	126,821	0	0
AQUA AMERICA INC	COM	03836W103	567	17,034	SH		DFND	1,2	17,034	0	0
ARBOR RLTY TR INC	COM	038923108	485	58,122	SH		DFND	1,2	58,122	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	545	13,181	SH		DFND	1,2	13,181	0	0
ARDELYX INC	COM	039697107	191	37,413	SH		DFND	1,2	37,413	0	0
ARMOUR RESIDENTIAL REIT INC	COM NEW	042315507	1,096	43,836	SH		DFND	1,2	43,836	0	0
ARMSTRONG FLOORING INC	COM	04238R106	462	25,710	SH		DFND	1,2	25,710	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	377	36,665	SH		DFND	1,2	36,665	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	1,099	180,792	SH		DFND	1,2	180,792	0	0
ASTORIA FINL CORP	COM	046265104	1,741	86,419	SH		DFND	1,2	86,419	0	0
ATARA BIOTHERAPEUTICS INC	COM	046513107	323	23,041	SH		DFND	1,2	23,041	0	0
ATWOOD OCEANICS INC	COM	050095108	2,774	340,385	SH		DFND	1,2	340,385	0	0
AVON PRODS INC	COM	054303102	409	107,616	SH		DFND	1,2	107,616	0	0
AXCELIS TECHNOLOGIES INC	COM NEW	054540208	528	25,190	SH		DFND	1,2	25,190	0	0
BMC STK HLDGS INC	COM	05591B109	458	20,952	SH		DFND	1,2	20,952	0	0
BAKER HUGHES INC	COM	057224107	401	7,360	SH		DFND	1,2	7,360	0	0
BALDWIN & LYONS INC	CL B	057755209	475	19,376	SH		DFND	1,2	19,376	0	0
BANC OF CALIFORNIA INC	COM	05990K106	492	22,871	SH		DFND	1,2	22,871	0	0
BANKRATE INC DEL	COM	06647F102	630	49,055	SH		DFND	1,2	49,055	0	0
BARD C R INC	COM	067383109	21,186	67,020	SH		DFND	1,2	67,020	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06740Q252	12,460	976,471	SH		DFND	1,2	976,471	0	0
BARNES & NOBLE ED INC	COM	06777U101	525	49,371	SH		DFND	1,2	49,371	0	0
BASIC ENERGY SVCS INC NEW	COM NEW	06985P209	14	580	SH		DFND	1,2	580	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	472	9,640	SH		DFND	1,2	9,640	0	0
BENCHMARK ELECTRS INC	COM	08160H101	481	14,881	SH		DFND	1,2	14,881	0	0
BERKSHIRE HILLS BANCORP INC	COM	084680107	462	13,132	SH		DFND	1,2	13,132	0	0
BIGLARI HLDGS INC	COM	08986R101	444	1,110	SH		DFND	1,2	1,110	0	0
BIOTIME INC	COM	09066L105	431	137,224	SH		DFND	1,2	137,224	0	0
BLUCORA INC	COM	095229100	580	27,376	SH		DFND	1,2	27,376	0	0
BLUEROCK RESIDENTIAL GRW REI	COM CL A	09627J102	364	28,236	SH		DFND	1,2	28,236	0	0
BOISE CASCADE CO DEL	COM	09739D100	539	17,735	SH		DFND	1,2	17,735	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	3,681	209,980	SH		DFND	1,2	209,980	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	5,575	442,143	SH		DFND	1,2	442,143	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	487	31,761	SH		DFND	1,2	31,761	0	0
CBIZ INC	COM	124805102	524	34,948	SH		DFND	1,2	34,948	0	0
CBL & ASSOC PPTYS INC	COM	124830100	1,705	202,292	SH		DFND	1,2	202,292	0	0
CECO ENVIRONMENTAL CORP	COM	125141101	414	45,046	SH		DFND	1,2	45,046	0	0
CF INDS HLDGS INC	COM	125269100	150	5,384	SH		DFND	1,2	5,384	0	0
CVR ENERGY INC	COM	12662P108	9	433	SH		DFND	1,2	433	0	0
CVR PARTNERS LP	COM	126633106	48	13,881	SH		DFND	1,2	13,881	0	0
CVR REFNG LP	COMUNIT REP LT	12663P107	37	3,932	SH		DFND	1,2	3,932	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	54	1,574	SH		DFND	1,2	1,574	0	0
CABOT MICROELECTRONICS CORP	COM	12709P103	456	6,178	SH		DFND	1,2	6,178	0	0
CACI INTL INC	CL A	127190304	503	4,021	SH		DFND	1,2	4,021	0	0
CAL MAINE FOODS INC	COM NEW	128030202	269	6,781	SH		DFND	1,2	6,781	0	0
CALIFORNIA RES CORP	COM NEW	13057Q206	9	1,047	SH		DFND	1,2	1,047	0	0
CALLAWAY GOLF CO	COM	131193104	547	42,774	SH		DFND	1,2	42,774	0	0
CAPITAL BK FINL CORP	CL A COM	139794101	813	21,336	SH		DFND	1,2	21,336	0	0
CAPSTEAD MTG CORP	COM NO PAR	14067E506	1,194	114,469	SH		DFND	1,2	114,469	0	0
CARE CAP PPTYS INC	COM	141624106	4,981	186,552	SH		DFND	1,2	186,552	0	0
CARE COM INC	COM	141633107	571	37,838	SH		DFND	1,2	37,838	0	0
CARETRUST REIT INC	COM	14174T107	1,606	86,619	SH		DFND	1,2	86,619	0	0
CATHAY GEN BANCORP	COM	149150104	476	12,547	SH		DFND	1,2	12,547	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	480	99,024	SH		DFND	1,2	99,024	0	0
CENTURY ALUM CO	COM	156431108	19	1,207	SH		DFND	1,2	1,207	0	0
CENTURY CMNTYS INC	COM	156504300	462	18,627	SH		DFND	1,2	18,627	0	0
CHATHAM LODGING TR	COM	16208T102	910	45,276	SH		DFND	1,2	45,276	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	2,220	90,727	SH		DFND	1,2	90,727	0	0
CHESAPEAKE UTILS CORP	COM	165303108	514	6,853	SH		DFND	1,2	6,853	0	0
CHEVRON CORP NEW	COM	166764100	3,421	32,787	SH		DFND	1,2	32,787	0	0
CHICOS FAS INC	COM	168615102	314	33,327	SH		DFND	1,2	33,327	0	0
CIVITAS SOLUTIONS INC	COM	17887R102	452	25,811	SH		DFND	1,2	25,811	0	0
CLIFFS NAT RES INC	COM	18683K101	28	4,099	SH		DFND	1,2	4,099	0	0
CLOUD PEAK ENERGY INC	COM	18911Q102	123	34,742	SH		DFND	1,2	34,742	0	0
COCA COLA BOTTLING CO CONS	COM	191098102	523	2,283	SH		DFND	1,2	2,283	0	0
COEUR MNG INC	COM NEW	192108504	477	55,632	SH		DFND	1,2	55,632	0	0
COHU INC	COM	192576106	404	25,650	SH		DFND	1,2	25,650	0	0
COMMERCIAL METALS CO	COM	201723103	481	24,755	SH		DFND	1,2	24,755	0	0
COMMUNITY HEALTH SYS INC NEW	COM	203668108	532	53,382	SH		DFND	1,2	53,382	0	0
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	609	32,107	SH		DFND	1,2	32,107	0	0
CONAGRA BRANDS INC	COM	205887102	352	9,828	SH		DFND	1,2	9,828	0	0
CONCHO RES INC	COM	20605P101	312	2,564	SH		DFND	1,2	2,564	0	0
CONNECTONE BANCORP INC NEW	COM	20786W107	440	19,505	SH		DFND	1,2	19,505	0	0
CONOCOPHILLIPS	COM	20825C104	941	21,408	SH		DFND	1,2	21,408	0	0
CONSOL ENERGY INC	COM	20854P109	1,590	106,471	SH		DFND	1,2	106,471	0	0
CONTAINER STORE GROUP INC	COM	210751103	663	111,921	SH		DFND	1,2	111,921	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	450	19,316	SH		DFND	1,2	19,316	0	0
CONTINENTAL RESOURCES INC	COM	212015101	210	6,496	SH		DFND	1,2	6,496	0	0
CONVERGYS CORP	COM	212485106	532	22,370	SH		DFND	1,2	22,370	0	0
COOPER TIRE & RUBR CO	COM	216831107	386	10,684	SH		DFND	1,2	10,684	0	0
COWEN GROUP INC NEW	CL A NEW	223622606	515	31,662	SH		DFND	1,2	31,662	0	0
CURRENCYSHS BRIT POUND STER	BRIT POUND STE	23129S106	296	2,337	SH		DFND	1,2	2,337	0	0
CURRENCYSHARES AUSTRALIAN DL	AUSTRALIAN DOL	23129U101	4,302	55,935	SH		DFND	1,2	55,935	0	0
CURRENCYSHS JAPANESE YEN TR	JAPANESE YEN	23130A102	2,810	32,854	SH		DFND	1,2	32,854	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	307	2,783	SH		DFND	1,2	2,783	0	0
DBX ETF TR	XTRAK MSCI EAFE	233051200	53,034	1,766,629	SH		DFND	1,2	1,766,629	0	0
DBX ETF TR	XTRAK MSCI JAPN	233051507	44,745	1,149,079	SH		DFND	1,2	1,149,079	0	0
DBX ETF TR	DB XTR MSCI EUR	233051853	58,241	2,127,124	SH		DFND	1,2	2,127,124	0	0
DHI GROUP INC	COM	23331S100	342	119,847	SH		DFND	1,2	119,847	0	0
DARLING INGREDIENTS INC	COM	237266101	513	32,608	SH		DFND	1,2	32,608	0	0
DELEK US HLDGS INC	COM	246647101	40	1,526	SH		DFND	1,2	1,526	0	0
DENBURY RES INC	COM NEW	247916208	17	10,894	SH		DFND	1,2	10,894	0	0
DEVON ENERGY CORP NEW	COM	25179M103	291	9,097	SH		DFND	1,2	9,097	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	19	1,776	SH		DFND	1,2	1,776	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	3,085	281,727	SH		DFND	1,2	281,727	0	0
DIGITALGLOBE INC	COM NEW	25389M877	1,809	54,322	SH		DFND	1,2	54,322	0	0
DILLARDS INC	CL A	254067101	522	9,055	SH		DFND	1,2	9,055	0	0
DIODES INC	COM	254543101	473	19,672	SH		DFND	1,2	19,672	0	0
DOMTAR CORP	COM NEW	257559203	1,330	34,606	SH		DFND	1,2	34,606	0	0
DRIVE SHACK INC	COM	262077100	359	114,079	SH		DFND	1,2	114,079	0	0
DYNEX CAP INC	COM NEW	26817Q506	397	55,953	SH		DFND	1,2	55,953	0	0
EOG RES INC	COM	26875P101	904	9,989	SH		DFND	1,2	9,989	0	0
EP ENERGY CORP	CL A	268785102	4	1,102	SH		DFND	1,2	1,102	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	934	44,591	SH		DFND	1,2	44,591	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	3,420	88,247	SH		DFND	1,2	88,247	0	0
ELLIS PERRY INTL INC	COM	288853104	429	22,025	SH		DFND	1,2	22,025	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	3,948	190,073	SH		DFND	1,2	190,073	0	0
EMPLOYERS HOLDINGS INC	COM	292218104	527	12,459	SH		DFND	1,2	12,459	0	0
ENGILITY HLDGS INC NEW	COM	29286C107	464	16,355	SH		DFND	1,2	16,355	0	0
ENTEGRIS INC	COM	29362U104	444	20,245	SH		DFND	1,2	20,245	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	455	11,152	SH		DFND	1,2	11,152	0	0
ENZO BIOCHEM INC	COM	294100102	625	56,576	SH		DFND	1,2	56,576	0	0
EPLUS INC	COM	294268107	521	7,025	SH		DFND	1,2	7,025	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	429	6,082	SH		DFND	1,2	6,082	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	41	3,068	SH		DFND	1,2	3,068	0	0
EXXON MOBIL CORP	COM	30231G102	5,923	73,371	SH		DFND	1,2	73,371	0	0
F M C CORP	COM NEW	302491303	226	3,091	SH		DFND	1,2	3,091	0	0
FTD COS INC	COM	30281V108	470	23,496	SH		DFND	1,2	23,496	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	17	4,282	SH		DFND	1,2	4,282	0	0
FEDERATED NATL HLDG CO	COM	31422T101	434	27,150	SH		DFND	1,2	27,150	0	0
FELCOR LODGING TR INC	COM	31430F101	3,406	472,292	SH		DFND	1,2	472,292	0	0
FIDELITY & GTY LIFE	COM	315785105	2,832	91,214	SH		DFND	1,2	91,214	0	0
FINANCIAL INSTNS INC	COM	317585404	428	14,360	SH		DFND	1,2	14,360	0	0
FIRST BANCORP P R	COM NEW	318672706	485	83,802	SH		DFND	1,2	83,802	0	0
FIRST COMWLTH FINL CORP PA	COM	319829107	453	35,712	SH		DFND	1,2	35,712	0	0
FIRST DEFIANCE FINL CORP	COM	32006W106	504	9,564	SH		DFND	1,2	9,564	0	0
FIRST FINL CORP IND	COM	320218100	472	9,981	SH		DFND	1,2	9,981	0	0
FIRST FNDTN INC	COM	32026V104	502	30,524	SH		DFND	1,2	30,524	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	4,000	139,763	SH		DFND	1,2	139,763	0	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	444	11,929	SH		DFND	1,2	11,929	0	0
FIRST MERCHANTS CORP	COM	320817109	483	12,024	SH		DFND	1,2	12,024	0	0
FIRST MIDWEST BANCORP DEL	COM	320867104	466	19,997	SH		DFND	1,2	19,997	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	773	69,546	SH		DFND	1,2	69,546	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	517	16,790	SH		DFND	1,2	16,790	0	0
FLEXSTEEL INDS INC	COM	339382103	508	9,393	SH		DFND	1,2	9,393	0	0
FLOWSERVE CORP	COM	34354P105	581	12,518	SH		DFND	1,2	12,518	0	0
FORESTAR GROUP INC	COM	346233109	1,348	78,601	SH		DFND	1,2	78,601	0	0
FORMFACTOR INC	COM	346375108	495	39,937	SH		DFND	1,2	39,937	0	0
FORTRESS INVESTMENT GROUP LL	CL A	34958B106	2,103	263,217	SH		DFND	1,2	263,217	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	1,823	72,605	SH		DFND	1,2	72,605	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	1,390	125,417	SH		DFND	1,2	125,417	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	226	18,835	SH		DFND	1,2	18,835	0	0
GMS INC	COM	36251C103	379	13,498	SH		DFND	1,2	13,498	0	0
GAIN CAP HLDGS INC	COM	36268W100	354	56,843	SH		DFND	1,2	56,843	0	0
GENERAL MLS INC	COM	370334104	738	13,307	SH		DFND	1,2	13,307	0	0
GIBRALTAR INDS INC	COM	374689107	409	11,486	SH		DFND	1,2	11,486	0	0
GLOBAL NET LEASE INC	COM NEW	379378201	1,789	80,435	SH		DFND	1,2	80,435	0	0
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	420	13,753	SH		DFND	1,2	13,753	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	1,537	83,936	SH		DFND	1,2	83,936	0	0
GRAY TELEVISION INC	COM	389375106	447	32,634	SH		DFND	1,2	32,634	0	0
GREAT SOUTHN BANCORP INC	COM	390905107	502	9,382	SH		DFND	1,2	9,382	0	0
GREEN BANCORP INC	COM	39260X100	516	26,603	SH		DFND	1,2	26,603	0	0
GREEN DOT CORP	CL A	39304D102	547	14,185	SH		DFND	1,2	14,185	0	0
GREENBRIER COS INC	COM	393657101	508	10,973	SH		DFND	1,2	10,973	0	0
GREIF INC	CL A	397624107	480	8,600	SH		DFND	1,2	8,600	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	404	6,373	SH		DFND	1,2	6,373	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	67	4,535	SH		DFND	1,2	4,535	0	0
HCI GROUP INC	COM	40416E103	487	10,371	SH		DFND	1,2	10,371	0	0
HACKETT GROUP INC	COM	404609109	376	24,279	SH		DFND	1,2	24,279	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	93	2,390	SH		DFND	1,2	2,390	0	0
HALCON RES CORP	COM PAR NEW	40537Q605	14	3,085	SH		DFND	1,2	3,085	0	0
HALLIBURTON CO	COM	406216101	642	15,019	SH		DFND	1,2	15,019	0	0
HANCOCK HLDG CO	COM	410120109	508	10,375	SH		DFND	1,2	10,375	0	0
HEARTLAND FINL USA INC	COM	42234Q102	446	9,478	SH		DFND	1,2	9,478	0	0
HECLA MNG CO	COM	422704106	618	121,261	SH		DFND	1,2	121,261	0	0
HEIDRICK & STRUGGLES INTL IN	COM	422819102	391	17,980	SH		DFND	1,2	17,980	0	0
HERITAGE FINL CORP WASH	COM	42722X106	507	19,130	SH		DFND	1,2	19,130	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	901	48,700	SH		DFND	1,2	48,700	0	0
HESS CORP	COM	42809H107	240	5,477	SH		DFND	1,2	5,477	0	0
HILLTOP HOLDINGS INC	COM	432748101	452	17,228	SH		DFND	1,2	17,228	0	0
HOMETRUST BANCSHARES INC	COM	437872104	492	20,158	SH		DFND	1,2	20,158	0	0
HOOKER FURNITURE CORP	COM	439038100	627	15,235	SH		DFND	1,2	15,235	0	0
HORMEL FOODS CORP	COM	440452100	13,563	397,602	SH		DFND	1,2	397,602	0	0
HOULIHAN LOKEY INC	CL A	441593100	480	13,742	SH		DFND	1,2	13,742	0	0
HUB GROUP INC	CL A	443320106	391	10,191	SH		DFND	1,2	10,191	0	0
HUNTSMAN CORP	COM	447011107	20,250	783,688	SH		DFND	1,2	783,688	0	0
IDT CORP	CL B NEW	448947507	535	37,220	SH		DFND	1,2	37,220	0	0
HYSTER YALE MATLS HANDLING I	CL A	449172105	588	8,376	SH		DFND	1,2	8,376	0	0
ICF INTL INC	COM	44925C103	540	11,470	SH		DFND	1,2	11,470	0	0
IES HLDGS INC	COM	44951W106	475	26,165	SH		DFND	1,2	26,165	0	0
ILG INC	COM	44967H101	621	22,597	SH		DFND	1,2	22,597	0	0
ISTAR INC	COM	45031U101	1,006	83,521	SH		DFND	1,2	83,521	0	0
IBERIABANK CORP	COM	450828108	488	5,992	SH		DFND	1,2	5,992	0	0
IDEX CORP	COM	45167R104	827	7,320	SH		DFND	1,2	7,320	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	4	929	SH		DFND	1,2	929	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	822	83,292	SH		DFND	1,2	83,292	0	0
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	37	1,251	SH		DFND	1,2	1,251	0	0
INFINITY PPTY & CAS CORP	COM	45665Q103	466	4,957	SH		DFND	1,2	4,957	0	0
INFRAREIT INC	COM	45685L100	903	47,173	SH		DFND	1,2	47,173	0	0
INGREDION INC	COM	457187102	197	1,655	SH		DFND	1,2	1,655	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	460	11,504	SH		DFND	1,2	11,504	0	0
INNERWORKINGS INC	COM	45773Y105	551	47,540	SH		DFND	1,2	47,540	0	0
INNOPHOS HOLDINGS INC	COM	45774N108	385	8,777	SH		DFND	1,2	8,777	0	0
INSPERITY INC	COM	45778Q107	378	5,326	SH		DFND	1,2	5,326	0	0
INTERNATIONAL SPEEDWAY CORP	CL A	460335201	481	12,801	SH		DFND	1,2	12,801	0	0
INTRAWEST RESORTS HLDGS INC	COM	46090K109	658	27,726	SH		DFND	1,2	27,726	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	2,252	134,778	SH		DFND	1,2	134,778	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	903	145,347	SH		DFND	1,2	145,347	0	0
ISHARES	MSCI EURZONE ETF	464286608	24	592	SH		DFND	1,2	592	0	0
ISHARES	MSCI PAC JP ETF	464286665	2,665	59,909	SH		DFND	1,2	59,909	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	21,221	534,399	SH		DFND	1,2	534,399	0	0
ISHARES TR	CORE S&P500 ETF	464287200	607	2,492	SH		DFND	1,2	2,492	0	0
ISHARES TR	CORE US AGGBD ET	464287226	18	164	SH		DFND	1,2	164	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	144,235	1,196,868	SH		DFND	1,2	1,196,868	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	310	2,263	SH		DFND	1,2	2,263	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	1,078	10,265	SH		DFND	1,2	10,265	0	0
ISHARES TR	20 YR TR BD ETF	464287432	170	1,360	SH		DFND	1,2	1,360	0	0
ISHARES TR	7-10YR TR BD ETF	464287440	4,497	42,185	SH		DFND	1,2	42,185	0	0
ISHARES TR	1-3 YR TR BD ETF	464287457	16,506	195,365	SH		DFND	1,2	195,365	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	3,000	25,764	SH		DFND	1,2	25,764	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	560	4,706	SH		DFND	1,2	4,706	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	18,398	109,011	SH		DFND	1,2	109,011	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	138	979	SH		DFND	1,2	979	0	0
ISHARES TR	EUROPE ETF	464287861	6	125	SH		DFND	1,2	125	0	0
ISHARES TR	SP SMCP600GR ETF	464287887	9,889	63,407	SH		DFND	1,2	63,407	0	0
ISHARES TR	MSCI AC ASIA ETF	464288182	3,164	46,909	SH		DFND	1,2	46,909	0	0
ISHARES TR	EAFE SML CP ETF	464288273	35,689	617,026	SH		DFND	1,2	617,026	0	0
ISHARES TR	JP MOR EM MK ETF	464288281	25,601	223,857	SH		DFND	1,2	223,857	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	38,595	436,637	SH		DFND	1,2	436,637	0	0
ISHARES TR	MBS ETF	464288588	10,073	94,358	SH		DFND	1,2	94,358	0	0
ISHARES TR	US CREDIT BD ETF	464288620	4,483	40,139	SH		DFND	1,2	40,139	0	0
ISHARES TR	10-20 YR TRS ETF	464288653	20	143	SH		DFND	1,2	143	0	0
ISHARES TR	3-7 YR TR BD ETF	464288661	69,161	559,695	SH		DFND	1,2	559,695	0	0
ISHARES TR	SHRT TRS BD ETF	464288679	19,332	175,216	SH		DFND	1,2	175,216	0	0
ISHARES TR	U.S. PFD STK ETF	464288687	34,096	870,464	SH		DFND	1,2	870,464	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	5,496	349,845	SH		DFND	1,2	349,845	0	0
ISHARES TR	FLTG RATE BD ETF	46429B655	1,810	35,529	SH		DFND	1,2	35,529	0	0
ISHARES TR	CHINA ETF	46429B671	16,561	302,824	SH		DFND	1,2	302,824	0	0
ISHARES TR	MIN VOL USA ETF	46429B697	11,626	237,608	SH		DFND	1,2	237,608	0	0
ISHARES TR	0-5 YR TIPS ETF	46429B747	12,963	129,140	SH		DFND	1,2	129,140	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	2,740	45,016	SH		DFND	1,2	45,016	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	1,058	21,138	SH		DFND	1,2	21,138	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	217	4,062	SH		DFND	1,2	4,062	0	0
IXYS CORP	COM	46600W106	535	32,533	SH		DFND	1,2	32,533	0	0
JAGGED PEAK ENERGY INC	COM	47009K107	11	820	SH		DFND	1,2	820	0	0
JOHNSON OUTDOORS INC	CL A	479167108	625	12,965	SH		DFND	1,2	12,965	0	0
KMG CHEMICALS INC	COM	482564101	500	10,270	SH		DFND	1,2	10,270	0	0
K12 INC	COM	48273U102	443	24,712	SH		DFND	1,2	24,712	0	0
KADANT INC	COM	48282T104	601	7,987	SH		DFND	1,2	7,987	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,063	51,532	SH		DFND	1,2	51,532	0	0
KATE SPADE & CO	COM	485865109	6,437	348,117	SH		DFND	1,2	348,117	0	0
KB HOME	COM	48666K109	571	23,820	SH		DFND	1,2	23,820	0	0
KEANE GROUP INC	COM	48669A108	14	853	SH		DFND	1,2	853	0	0
KELLOGG CO	COM	487836108	561	8,085	SH		DFND	1,2	8,085	0	0
KELLY SVCS INC	CL A	488152208	486	21,656	SH		DFND	1,2	21,656	0	0
KEMPER CORP DEL	COM	488401100	457	11,850	SH		DFND	1,2	11,850	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	2,187	114,828	SH		DFND	1,2	114,828	0	0
KFORCE INC	COM	493732101	391	19,926	SH		DFND	1,2	19,926	0	0
KIMBALL ELECTRONICS INC	COM	49428J109	504	27,925	SH		DFND	1,2	27,925	0	0
KINDER MORGAN INC DEL	COM	49456B101	741	38,633	SH		DFND	1,2	38,633	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	1,909	100,825	SH		DFND	1,2	100,825	0	0
KOPPERS HOLDINGS INC	COM	50060P106	403	11,159	SH		DFND	1,2	11,159	0	0
LAMB WESTON HLDGS INC	COM	513272104	149	3,374	SH		DFND	1,2	3,374	0	0
LATTICE SEMICONDUCTOR CORP	COM	518415104	1,158	173,867	SH		DFND	1,2	173,867	0	0
LEGACY RESVS LP	UNIT LP INT	524707304	3	1,765	SH		DFND	1,2	1,765	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	9,906	167,049	SH		DFND	1,2	167,049	0	0
LEXINGTON REALTY TRUST	COM	529043101	2,212	223,248	SH		DFND	1,2	223,248	0	0
LIBBEY INC	COM	529898108	261	32,457	SH		DFND	1,2	32,457	0	0
LOUISIANA PAC CORP	COM	546347105	1,852	76,835	SH		DFND	1,2	76,835	0	0
M D C HLDGS INC	COM	552676108	556	15,749	SH		DFND	1,2	15,749	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	2,040	69,877	SH		DFND	1,2	69,877	0	0
M/I HOMES INC	COM	55305B101	551	19,316	SH		DFND	1,2	19,316	0	0
MRC GLOBAL INC	COM	55345K103	427	25,828	SH		DFND	1,2	25,828	0	0
MTGE INVT CORP	COM	55378A105	1,028	54,660	SH		DFND	1,2	54,660	0	0
MACK CALI RLTY CORP	COM	554489104	2,673	98,494	SH		DFND	1,2	98,494	0	0
MARATHON PETE CORP	COM	56585A102	478	9,135	SH		DFND	1,2	9,135	0	0
MARCUS CORP	COM	566330106	446	14,762	SH		DFND	1,2	14,762	0	0
MATRIX SVC CO	COM	576853105	268	28,695	SH		DFND	1,2	28,695	0	0
MCEWEN MNG INC	COM	58039P107	242	91,769	SH		DFND	1,2	91,769	0	0
MEDEQUITIES RLTY TR INC	COM	58409L306	412	32,620	SH		DFND	1,2	32,620	0	0
MERCANTILE BANK CORP	COM	587376104	433	13,753	SH		DFND	1,2	13,753	0	0
MERITAGE HOMES CORP	COM	59001A102	543	12,867	SH		DFND	1,2	12,867	0	0
MERITOR INC	COM	59001K100	459	27,645	SH		DFND	1,2	27,645	0	0
META FINL GROUP INC	COM	59100U108	474	5,331	SH		DFND	1,2	5,331	0	0
MILACRON HLDGS CORP	COM	59870L106	448	25,448	SH		DFND	1,2	25,448	0	0
MILLER HERMAN INC	COM	600544100	456	15,014	SH		DFND	1,2	15,014	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	452	6,178	SH		DFND	1,2	6,178	0	0
MOBILEIRON INC	COM NEW	60739U204	659	108,845	SH		DFND	1,2	108,845	0	0
MODINE MFG CO	COM	607828100	642	38,798	SH		DFND	1,2	38,798	0	0
MONEYGRAM INTL INC	COM NEW	60935Y208	1,050	60,848	SH		DFND	1,2	60,848	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	1,222	81,205	SH		DFND	1,2	81,205	0	0
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	1,949	200,760	SH		DFND	1,2	200,760	0	0
MOOG INC	CL A	615394202	505	7,047	SH		DFND	1,2	7,047	0	0
NCI BUILDING SYS INC	COM NEW	628852204	461	27,590	SH		DFND	1,2	27,590	0	0
NMI HLDGS INC	CL A	629209305	476	41,537	SH		DFND	1,2	41,537	0	0
NACCO INDS INC	CL A	629579103	481	6,786	SH		DFND	1,2	6,786	0	0
NANOMETRICS INC	COM	630077105	393	15,553	SH		DFND	1,2	15,553	0	0
NATIONAL COMM CORP	COM	63546L102	512	12,945	SH		DFND	1,2	12,945	0	0
NATIONAL GEN HLDGS CORP	COM	636220303	420	19,921	SH		DFND	1,2	19,921	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	217	6,577	SH		DFND	1,2	6,577	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	1,224	52,971	SH		DFND	1,2	52,971	0	0
NEENAH PAPER INC	COM	640079109	717	8,938	SH		DFND	1,2	8,938	0	0
NEUSTAR INC	CL A	64126X201	2,847	85,367	SH		DFND	1,2	85,367	0	0
NEW SR INVT GROUP INC	COM	648691103	978	97,300	SH		DFND	1,2	97,300	0	0
NEW YORK MTG TR INC	COM PAR $.02	649604501	831	133,606	SH		DFND	1,2	133,606	0	0
NEWMONT MINING CORP	COM	651639106	5,291	163,356	SH		DFND	1,2	163,356	0	0
NOBLE ENERGY INC	COM	655044105	214	7,537	SH		DFND	1,2	7,537	0	0
NOW INC	COM	67011P100	47	2,935	SH		DFND	1,2	2,935	0	0
OASIS PETE INC NEW	COM	674215108	52	6,433	SH		DFND	1,2	6,433	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	792	13,231	SH		DFND	1,2	13,231	0	0
OCEANEERING INTL INC	COM	675232102	62	2,694	SH		DFND	1,2	2,694	0	0
OFFICE DEPOT INC	COM	676220106	572	101,485	SH		DFND	1,2	101,485	0	0
OIL STS INTL INC	COM	678026105	38	1,399	SH		DFND	1,2	1,399	0	0
OMNOVA SOLUTIONS INC	COM	682129101	466	47,825	SH		DFND	1,2	47,825	0	0
FLWS/1-800 FLOWERS	CL A	68243Q106	453	46,424	SH		DFND	1,2	46,424	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	3,043	59,581	SH		DFND	1,2	59,581	0	0
ORCHID IS CAP INC	COM	68571X103	395	40,070	SH		DFND	1,2	40,070	0	0
OVERSTOCK COM INC DEL	COM	690370101	449	27,535	SH		DFND	1,2	27,535	0	0
PBF ENERGY INC	CL A	69318G106	67	3,012	SH		DFND	1,2	3,012	0	0
PC CONNECTION INC	COM	69318J100	430	15,901	SH		DFND	1,2	15,901	0	0
PHH CORP	COM NEW	693320202	512	37,200	SH		DFND	1,2	37,200	0	0
PANERA BREAD CO	CL A	69840W108	11,465	36,437	SH		DFND	1,2	36,437	0	0
PAR PACIFIC HOLDINGS INC	COM NEW	69888T207	16	888	SH		DFND	1,2	888	0	0
PARKWAY INC	COM	70156Q107	1,197	52,299	SH		DFND	1,2	52,299	0	0
PEAPACK-GLADSTONE FINL CORP	COM	704699107	501	16,000	SH		DFND	1,2	16,000	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	2,668	82,768	SH		DFND	1,2	82,768	0	0
PENN NATL GAMING INC	COM	707569109	549	25,674	SH		DFND	1,2	25,674	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	930	82,148	SH		DFND	1,2	82,148	0	0
PENNTEX MIDSTREAM PARTNERS L	COM UNIT LTD	709311104	626	31,278	SH		DFND	1,2	31,278	0	0
PENNYMAC MTG INVT TR	COM	70931T103	1,414	77,310	SH		DFND	1,2	77,310	0	0
PENNYMAC FINL SVCS INC	CL A	70932B101	464	27,757	SH		DFND	1,2	27,757	0	0
PEOPLES BANCORP INC	COM	709789101	481	14,955	SH		DFND	1,2	14,955	0	0
PHILLIPS 66	COM	718546104	739	8,947	SH		DFND	1,2	8,947	0	0
PHYSICIANS RLTY TR	COM	71943U104	3,717	184,559	SH		DFND	1,2	184,559	0	0
PILGRIMS PRIDE CORP NEW	COM	72147K108	4,099	186,996	SH		DFND	1,2	186,996	0	0
PIMCO ETF TR	1-5 US TIP IDX	72201R205	11,400	218,517	SH		DFND	1,2	218,517	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	7,190	70,684	SH		DFND	1,2	70,684	0	0
PINNACLE ENTMT INC NEW	COM	72348Y105	479	24,257	SH		DFND	1,2	24,257	0	0
PIONEER ENERGY SVCS CORP	COM	723664108	4	2,080	SH		DFND	1,2	2,080	0	0
PIONEER NAT RES CO	COM	723787107	470	2,945	SH		DFND	1,2	2,945	0	0
PLATFORM SPECIALTY PRODS COR	COM	72766Q105	626	49,404	SH		DFND	1,2	49,404	0	0
PLEXUS CORP	COM	729132100	430	8,184	SH		DFND	1,2	8,184	0	0
PLY GEM HLDGS INC	COM	72941W100	431	24,020	SH		DFND	1,2	24,020	0	0
POST HLDGS INC	COM	737446104	115	1,485	SH		DFND	1,2	1,485	0	0
POTBELLY CORP	COM	73754Y100	392	34,069	SH		DFND	1,2	34,069	0	0
POWERSHS DB MULTI SECT COMM	DB GOLD FUND	73936B606	49	1,233	SH		DFND	1,2	1,233	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	26,965	1,089,515	SH		DFND	1,2	1,089,515	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	39,193	1,693,752	SH		DFND	1,2	1,693,752	0	0
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	12,174	415,880	SH		DFND	1,2	415,880	0	0
POWERSHARES ETF TR II	KBW BK PORT	73937B746	70	1,412	SH		DFND	1,2	1,412	0	0
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	5,844	130,653	SH		DFND	1,2	130,653	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	584	37,074	SH		DFND	1,2	37,074	0	0
PROPETRO HLDG CORP	COM	74347M108	13	899	SH		DFND	1,2	899	0	0
PROSHARES TR	PSHS SH MSCI EAF	74347R370	99	3,673	SH		DFND	1,2	3,673	0	0
PROSHARES TR	PSHS SH MSCI EMR	74347R396	887	44,924	SH		DFND	1,2	44,924	0	0
PROSHARES TR II	ULTRASHORT YEN N	74347W569	5	70	SH		DFND	1,2	70	0	0
PROSHARES TR II	ULTRASHRT EURO	74347W882	268	12,036	SH		DFND	1,2	12,036	0	0
PROSHARES TR	ULTSHT REAL EST	74348A244	225	7,235	SH		DFND	1,2	7,235	0	0
PROSHARES TR	ULTSHT RUSS2000	74348A319	265	13,107	SH		DFND	1,2	13,107	0	0
QCR HOLDINGS INC	COM	74727A104	529	11,159	SH		DFND	1,2	11,159	0	0
QUAD / GRAPHICS INC	COM CL A	747301109	430	18,768	SH		DFND	1,2	18,768	0	0
QEP RES INC	COM	74733V100	67	6,617	SH		DFND	1,2	6,617	0	0
QTS RLTY TR INC	COM CL A	74736A103	2,587	49,443	SH		DFND	1,2	49,443	0	0
QUALITY CARE PPTYS INC	COM	747545101	2,073	113,191	SH		DFND	1,2	113,191	0	0
QUANEX BUILDING PRODUCTS COR	COM	747619104	495	23,385	SH		DFND	1,2	23,385	0	0
QUORUM HEALTH CORP	COM	74909E106	361	87,029	SH		DFND	1,2	87,029	0	0
RAIT FINANCIAL TRUST	COM NEW	749227609	240	109,483	SH		DFND	1,2	109,483	0	0
RPC INC	COM	749660106	34	1,670	SH		DFND	1,2	1,670	0	0
RMR GROUP INC	CL A	74967R106	465	9,565	SH		DFND	1,2	9,565	0	0
RADIAN GROUP INC	COM	750236101	431	26,356	SH		DFND	1,2	26,356	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	1,217	94,317	SH		DFND	1,2	94,317	0	0
RAYONIER ADVANCED MATLS INC	COM	75508B104	553	35,208	SH		DFND	1,2	35,208	0	0
REDWOOD TR INC	COM	758075402	1,565	91,862	SH		DFND	1,2	91,862	0	0
REGIS CORP MINN	COM	758932107	415	40,405	SH		DFND	1,2	40,405	0	0
RENASANT CORP	COM	75970E107	521	11,922	SH		DFND	1,2	11,922	0	0
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	587	45,306	SH		DFND	1,2	45,306	0	0
RESOLUTE ENERGY CORP	COM NEW	76116A306	16	535	SH		DFND	1,2	535	0	0
RESOURCE CAP CORP	COM NEW	76120W708	360	35,357	SH		DFND	1,2	35,357	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	2,499	130,245	SH		DFND	1,2	130,245	0	0
REXNORD CORP NEW	COM	76169B102	231	9,922	SH		DFND	1,2	9,922	0	0
REXFORD INDL RLTY INC	COM	76169C100	2,202	80,249	SH		DFND	1,2	80,249	0	0
ROADRUNNER TRNSN SVCS HLDG I	COM	76973Q105	501	68,925	SH		DFND	1,2	68,925	0	0
ROGERS CORP	COM	775133101	597	5,499	SH		DFND	1,2	5,499	0	0
ROYAL GOLD INC	COM	780287108	1,564	20,015	SH		DFND	1,2	20,015	0	0
RUDOLPH TECHNOLOGIES INC	COM	781270103	483	21,134	SH		DFND	1,2	21,134	0	0
RUSH ENTERPRISES INC	CL A	781846209	532	14,319	SH		DFND	1,2	14,319	0	0
RUTHS HOSPITALITY GROUP INC	COM	783332109	514	23,622	SH		DFND	1,2	23,622	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	69	1,180	SH		DFND	1,2	1,180	0	0
RYDEX ETF TRUST	GUG S&P500 PU GR	78355W403	22	232	SH		DFND	1,2	232	0	0
RYERSON HLDG CORP	COM	783754104	372	37,572	SH		DFND	1,2	37,572	0	0
SJW GROUP	COM	784305104	483	9,822	SH		DFND	1,2	9,822	0	0
SM ENERGY CO	COM	78454L100	51	3,056	SH		DFND	1,2	3,056	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,489	6,160	SH		DFND	1,2	6,160	0	0
SPDR INDEX SHS FDS	S&P CHINA ETF	78463X400	5,975	66,925	SH		DFND	1,2	66,925	0	0
SPDR INDEX SHS FDS	S&P EMKTSC ETF	78463X756	27,930	598,454	SH		DFND	1,2	598,454	0	0
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463X871	3,627	108,713	SH		DFND	1,2	108,713	0	0
SPDR SERIES TRUST	BLMBRG BRC CNVRT	78464A359	102,493	2,065,554	SH		DFND	1,2	2,065,554	0	0
SPDR SERIES TRUST	BLOMBRG BRC MRTG	78464A383	12,695	482,876	SH		DFND	1,2	482,876	0	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78464A417	41,579	1,117,722	SH		DFND	1,2	1,117,722	0	0
SPDR SERIES TRUST	BLOMBRG BRC AGRT	78464A649	0	7	SH		DFND	1,2	7	0	0
SPDR SERIES TRUST	BLOOMBERG LNG TR	78464A664	284	3,943	SH		DFND	1,2	3,943	0	0
SPDR SERIES TRUST	BLMBRG BR 1 3 MT	78464A680	7,771	169,875	SH		DFND	1,2	169,875	0	0
SPDR SERIES TRUST	S&P BK ETF	78464A797	274	6,287	SH		DFND	1,2	6,287	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	7,083	149,314	SH		DFND	1,2	149,314	0	0
SP PLUS CORP	COM	78469C103	428	14,017	SH		DFND	1,2	14,017	0	0
SPX FLOW INC	COM	78469X107	503	13,645	SH		DFND	1,2	13,645	0	0
SRC ENERGY INC	COM	78470V108	36	5,319	SH		DFND	1,2	5,319	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,856	77,016	SH		DFND	1,2	77,016	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	14	1,920	SH		DFND	1,2	1,920	0	0
SANDERSON FARMS INC	COM	800013104	2,477	21,422	SH		DFND	1,2	21,422	0	0
SANMINA CORPORATION	COM	801056102	444	11,658	SH		DFND	1,2	11,658	0	0
SCANSOURCE INC	COM	806037107	487	12,073	SH		DFND	1,2	12,073	0	0
SCHLUMBERGER LTD	COM	806857108	1,584	24,046	SH		DFND	1,2	24,046	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	4,988	85,333	SH		DFND	1,2	85,333	0	0
SCHWAB STRATEGIC TR	INTRM TRM TRES	808524854	1,052	19,498	SH		DFND	1,2	19,498	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	43,364	860,062	SH		DFND	1,2	860,062	0	0
SEABOARD CORP	COM	811543107	3,515	880	SH		DFND	1,2	880	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	17,267	320,898	SH		DFND	1,2	320,898	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	13,746	173,462	SH		DFND	1,2	173,462	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	73	1,335	SH		DFND	1,2	1,335	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	1,962	21,888	SH		DFND	1,2	21,888	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	507	7,811	SH		DFND	1,2	7,811	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	41,288	1,673,590	SH		DFND	1,2	1,673,590	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	74	1,085	SH		DFND	1,2	1,085	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	14,850	271,370	SH		DFND	1,2	271,370	0	0
SELECT SECTOR SPDR TR	RL EST SEL SEC	81369Y860	23	718	SH		DFND	1,2	718	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	188	3,604	SH		DFND	1,2	3,604	0	0
SELECT MED HLDGS CORP	COM	81619Q105	544	35,471	SH		DFND	1,2	35,471	0	0
SELECTIVE INS GROUP INC	COM	816300107	502	10,024	SH		DFND	1,2	10,024	0	0
SEMGROUP CORP	CL A	81663A105	49	1,819	SH		DFND	1,2	1,819	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	1,262	30,083	SH		DFND	1,2	30,083	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	74	2,448	SH		DFND	1,2	2,448	0	0
SIMMONS 1ST NATL CORP	CL A $1 PAR	828730200	455	8,595	SH		DFND	1,2	8,595	0	0
SKYWEST INC	COM	830879102	485	13,825	SH		DFND	1,2	13,825	0	0
SMUCKER J M CO	COM NEW	832696405	318	2,689	SH		DFND	1,2	2,689	0	0
SONUS NETWORKS INC	COM NEW	835916503	534	71,837	SH		DFND	1,2	71,837	0	0
SOUTHERN COPPER CORP	COM	84265V105	370	10,692	SH		DFND	1,2	10,692	0	0
SPARTAN MTRS INC	COM	846819100	524	59,189	SH		DFND	1,2	59,189	0	0
SPARTANNASH CO	COM	847215100	352	13,544	SH		DFND	1,2	13,544	0	0
STAG INDL INC	COM	85254J102	2,960	107,230	SH		DFND	1,2	107,230	0	0
STATE AUTO FINL CORP	COM	855707105	443	17,235	SH		DFND	1,2	17,235	0	0
STATE BK FINL CORP	COM	856190103	491	18,110	SH		DFND	1,2	18,110	0	0
STATE NATL COS INC	COM	85711T305	604	32,875	SH		DFND	1,2	32,875	0	0
STEPAN CO	COM	858586100	523	6,004	SH		DFND	1,2	6,004	0	0
STONEGATE BK FT LAUDERDALE F	COM	861811107	1,259	27,271	SH		DFND	1,2	27,271	0	0
STONERIDGE INC	COM	86183P102	402	26,095	SH		DFND	1,2	26,095	0	0
STRAIGHT PATH COMMUNICATNS I	CL B	862578101	1,689	9,400	SH		DFND	1,2	9,400	0	0
SUMMIT HOTEL PPTYS	COM	866082100	2,871	153,946	SH		DFND	1,2	153,946	0	0
SUNCOKE ENERGY INC	COM	86722A103	324	29,766	SH		DFND	1,2	29,766	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	461	18,685	SH		DFND	1,2	18,685	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	43	4,160	SH		DFND	1,2	4,160	0	0
SUPERIOR INDS INTL INC	COM	868168105	384	18,685	SH		DFND	1,2	18,685	0	0
SWIFT TRANSN CO	CL A	87074U101	7,710	290,961	SH		DFND	1,2	290,961	0	0
SYKES ENTERPRISES INC	COM	871237103	540	16,097	SH		DFND	1,2	16,097	0	0
SYNAPTICS INC	COM	87157D109	495	9,564	SH		DFND	1,2	9,564	0	0
TCF FINL CORP	COM	872275102	443	27,821	SH		DFND	1,2	27,821	0	0
TTM TECHNOLOGIES INC	COM	87305R109	510	29,361	SH		DFND	1,2	29,361	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	64	1,275	SH		DFND	1,2	1,275	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	533	22,193	SH		DFND	1,2	22,193	0	0
TECH DATA CORP	COM	878237106	509	5,043	SH		DFND	1,2	5,043	0	0
TEREX CORP NEW	COM	880779103	565	15,064	SH		DFND	1,2	15,064	0	0
TERRENO RLTY CORP	COM	88146M101	1,981	58,860	SH		DFND	1,2	58,860	0	0
TESCO CORP	COM	88157K101	5	1,191	SH		DFND	1,2	1,191	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	106	2,045	SH		DFND	1,2	2,045	0	0
TIER REIT INC	COM NEW	88650V208	1,056	57,146	SH		DFND	1,2	57,146	0	0
TIME WARNER INC	COM NEW	887317303	19,177	190,987	SH		DFND	1,2	190,987	0	0
TITAN INTL INC ILL	COM	88830M102	141	11,723	SH		DFND	1,2	11,723	0	0
TOWER INTL INC	COM	891826109	392	17,474	SH		DFND	1,2	17,474	0	0
TREDEGAR CORP	COM	894650100	411	26,969	SH		DFND	1,2	26,969	0	0
TRIBUNE MEDIA CO	CL A	896047503	4,266	104,626	SH		DFND	1,2	104,626	0	0
TRICO BANCSHARES	COM	896095106	468	13,317	SH		DFND	1,2	13,317	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	511	20,270	SH		DFND	1,2	20,270	0	0
TRUEBLUE INC	COM	89785X101	459	17,308	SH		DFND	1,2	17,308	0	0
TUTOR PERINI CORP	COM	901109108	428	14,881	SH		DFND	1,2	14,881	0	0
TYSON FOODS INC	CL A	902494103	16,476	263,075	SH		DFND	1,2	263,075	0	0
UNIFI INC	COM NEW	904677200	514	16,685	SH		DFND	1,2	16,685	0	0
UNISYS CORP	COM NEW	909214306	434	33,929	SH		DFND	1,2	33,929	0	0
UNITED INS HLDGS CORP	COM	910710102	467	29,671	SH		DFND	1,2	29,671	0	0
UNITED NAT FOODS INC	COM	911163103	402	10,954	SH		DFND	1,2	10,954	0	0
UNIVAR INC	COM	91336L107	451	15,449	SH		DFND	1,2	15,449	0	0
UNIVERSAL FST PRODS INC	COM	913543104	419	4,796	SH		DFND	1,2	4,796	0	0
VCA INC	COM	918194101	5,361	58,075	SH		DFND	1,2	58,075	0	0
VWR CORP	COM	91843L103	2,567	77,759	SH		DFND	1,2	77,759	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	524	7,766	SH		DFND	1,2	7,766	0	0
VANECK VECTORS ETF TR	HIGH YLD MUN ETF	92189F361	224	7,242	SH		DFND	1,2	7,242	0	0
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	16,934	896,500	SH		DFND	1,2	896,500	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	56,986	713,651	SH		DFND	1,2	713,651	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	14	166	SH		DFND	1,2	166	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	5,551	134,357	SH		DFND	1,2	134,357	0	0
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	35,464	720,377	SH		DFND	1,2	720,377	0	0
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	15,619	144,462	SH		DFND	1,2	144,462	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,853	45,394	SH		DFND	1,2	45,394	0	0
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	3,642	55,355	SH		DFND	1,2	55,355	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	28	499	SH		DFND	1,2	499	0	0
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	337	2,375	SH		DFND	1,2	2,375	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	99	1,114	SH		DFND	1,2	1,114	0	0
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	253	4,047	SH		DFND	1,2	4,047	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	688	4,671	SH		DFND	1,2	4,671	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	1,159	8,227	SH		DFND	1,2	8,227	0	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	151	1,241	SH		DFND	1,2	1,241	0	0
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	58	509	SH		DFND	1,2	509	0	0
VANGUARD WORLD FDS	TELCOMM ETF	92204A884	19	209	SH		DFND	1,2	209	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	118,604	1,481,813	SH		DFND	1,2	1,481,813	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM GOV	92206C706	900	13,927	SH		DFND	1,2	13,927	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	36,866	700,072	SH		DFND	1,2	700,072	0	0
VANGUARD SCOTTSDALE FDS	LONG-TERM GOV	92206C847	406	5,267	SH		DFND	1,2	5,267	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	69,695	796,232	SH		DFND	1,2	796,232	0	0
VECTRUS INC	COM	92242T101	685	21,190	SH		DFND	1,2	21,190	0	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	14,111	96,825	SH		DFND	1,2	96,825	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	514	4,043	SH		DFND	1,2	4,043	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	2,493	25,813	SH		DFND	1,2	25,813	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	43,688	351,052	SH		DFND	1,2	351,052	0	0
VIAD CORP	COM NEW	92552R406	494	10,458	SH		DFND	1,2	10,458	0	0
WGL HLDGS INC	COM	92924F106	1,963	23,531	SH		DFND	1,2	23,531	0	0
WABASH NATL CORP	COM	929566107	503	22,878	SH		DFND	1,2	22,878	0	0
WALKER & DUNLOP INC	COM	93148P102	555	11,371	SH		DFND	1,2	11,371	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,874	223,915	SH		DFND	1,2	223,915	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	2,940	92,178	SH		DFND	1,2	92,178	0	0
WEIS MKTS INC	COM	948849104	386	7,927	SH		DFND	1,2	7,927	0	0
WESCO INTL INC	COM	95082P105	389	6,797	SH		DFND	1,2	6,797	0	0
WEST CORP	COM	952355204	1,143	49,032	SH		DFND	1,2	49,032	0	0
WESTERN ASSET MTG CAP CORP	COM	95790D105	504	48,963	SH		DFND	1,2	48,963	0	0
WESTMORELAND COAL CO	COM	960878106	42	8,597	SH		DFND	1,2	8,597	0	0
WHITESTONE REIT	COM	966084204	540	44,058	SH		DFND	1,2	44,058	0	0
WILLIAMS COS INC DEL	COM	969457100	433	14,299	SH		DFND	1,2	14,299	0	0
WINTRUST FINL CORP	COM	97650W108	524	6,858	SH		DFND	1,2	6,858	0	0
WISDOMTREE TR	EM LCL DEBT FD	97717X867	1,229	32,425	SH		DFND	1,2	32,425	0	0
XCERRA CORP	COM	98400J108	1,337	136,874	SH		DFND	1,2	136,874	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	2,502	129,175	SH		DFND	1,2	129,175	0	0
XYLEM INC	COM	98419M100	955	17,238	SH		DFND	1,2	17,238	0	0