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	786	12,786	SH		DFND	1,2	12,786	0	0
BUNGE LIMITED	COM	G16962105	1,155	16,631	SH		DFND	1,2	16,631	0	0
ENSCO PLC	SHS CLASS A	G3157S106	50	8,413	SH		DFND	1,2	8,413	0	0
ESSENT GROUP LTD	COM	G3198U102	971	23,964	SH		DFND	1,2	23,964	0	0
FERROGLOBE PLC	SHS	G33856108	266	20,270	SH		DFND	1,2	20,270	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	938	20,642	SH		DFND	1,2	20,642	0	0
KOSMOS ENERGY LTD	SHS	G5315B107	51	6,361	SH		DFND	1,2	6,361	0	0
MAIDEN HOLDINGS LTD	SHS	G5753U112	492	61,911	SH		DFND	1,2	61,911	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	62	7,668	SH		DFND	1,2	7,668	0	0
NOBLE CORP PLC	SHS USD	G65431101	31	6,738	SH		DFND	1,2	6,738	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	44	3,452	SH		DFND	1,2	3,452	0	0
PENTAIR PLC	SHS	G7S00T104	7,128	104,884	SH		DFND	1,2	104,884	0	0
THIRD PT REINS LTD	COM	G8827U100	1,117	71,632	SH		DFND	1,2	71,632	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	117	10,885	SH		DFND	1,2	10,885	0	0
ADECOAGRO S A	COM	L00849106	422	38,992	SH		DFND	1,2	38,992	0	0
TRINSEO S A	SHS	L9340P101	867	12,916	SH		DFND	1,2	12,916	0	0
AAR CORP	COM	000361105	974	25,771	SH		DFND	1,2	25,771	0	0
ACCO BRANDS CORP	COM	00081T108	784	65,910	SH		DFND	1,2	65,910	0	0
ABM INDS INC	COM	000957100	829	19,880	SH		DFND	1,2	19,880	0	0
AGCO CORP	COM	001084102	996	13,505	SH		DFND	1,2	13,505	0	0
AG MTG INVT TR INC	COM	001228105	647	33,641	SH		DFND	1,2	33,641	0	0
AK STL HLDG CORP	COM	001547108	674	120,548	SH		DFND	1,2	120,548	0	0
AV HOMES INC	COM	00234P102	904	52,689	SH		DFND	1,2	52,689	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	2,902	101,407	SH		DFND	1,2	101,407	0	0
ADVANCED ENERGY INDS	COM	007973100	1,021	12,644	SH		DFND	1,2	12,644	0	0
AKORN INC	COM	009728106	18,258	550,112	SH		DFND	1,2	550,112	0	0
ALCOA CORP	COM	013872106	1,013	21,729	SH		DFND	1,2	21,729	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	307	12,834	SH		DFND	1,2	12,834	0	0
ALLEGIANCE BANCSHARES INC	COM	01748H107	857	23,301	SH		DFND	1,2	23,301	0	0
ALTISOURCE RESIDENTIAL CORP	CL B	02153W100	622	55,976	SH		DFND	1,2	55,976	0	0
AMERICAN ASSETS TR INC	COM	024013104	1,913	48,106	SH		DFND	1,2	48,106	0	0
AMERICAN AXLE & MFG HLDGS IN	COM	024061103	811	46,151	SH		DFND	1,2	46,151	0	0
AMERICAN STS WTR CO	COM	029899101	1,037	21,073	SH		DFND	1,2	21,073	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	8,275	102,283	SH		DFND	1,2	102,283	0	0
AMKOR TECHNOLOGY INC	COM	031652100	789	74,784	SH		DFND	1,2	74,784	0	0
ANADARKO PETE CORP	COM	032511107	97	1,985	SH		DFND	1,2	1,985	0	0
ANDEAVOR LOGISTICS LP	COM UNIT LP INT	03350F106	103	2,055	SH		DFND	1,2	2,055	0	0
ANDERSONS INC	COM	034164103	115	3,360	SH		DFND	1,2	3,360	0	0
ANIXTER INTL INC	COM	035290105	929	10,931	SH		DFND	1,2	10,931	0	0
ANWORTH MORTGAGE ASSET CP	COM	037347101	706	117,401	SH		DFND	1,2	117,401	0	0
APACHE CORP	COM	037411105	62	1,351	SH		DFND	1,2	1,351	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	2,325	128,398	SH		DFND	1,2	128,398	0	0
AQUA AMERICA INC	COM	03836W103	3,392	102,191	SH		DFND	1,2	102,191	0	0
ARBOR RLTY TR INC	COM	038923108	479	58,469	SH		DFND	1,2	58,469	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	2,874	67,611	SH		DFND	1,2	67,611	0	0
ARDELYX INC	COM	039697107	384	68,517	SH		DFND	1,2	68,517	0	0
ARMOUR RESIDENTIAL REIT INC	COM NEW	042315507	1,342	49,895	SH		DFND	1,2	49,895	0	0
ARMSTRONG FLOORING INC	COM	04238R106	741	47,054	SH		DFND	1,2	47,054	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	353	37,121	SH		DFND	1,2	37,121	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	1,627	243,830	SH		DFND	1,2	243,830	0	0
ATARA BIOTHERAPEUTICS INC	COM	046513107	698	42,177	SH		DFND	1,2	42,177	0	0
ATWOOD OCEANICS INC	COM	050095108	3,971	422,868	SH		DFND	1,2	422,868	0	0
AVISTA CORP	COM	05379B107	3,252	62,811	SH		DFND	1,2	62,811	0	0
AVON PRODS INC	COM	054303102	459	196,985	SH		DFND	1,2	196,985	0	0
AXCELIS TECHNOLOGIES INC	COM NEW	054540208	1,261	46,103	SH		DFND	1,2	46,103	0	0
BMC STK HLDGS INC	COM	05591B109	819	38,353	SH		DFND	1,2	38,353	0	0
BAKER HUGHES A GE CO	CL A	05722G100	56	1,511	SH		DFND	1,2	1,511	0	0
BALDWIN & LYONS INC	CL B	057755209	799	35,449	SH		DFND	1,2	35,449	0	0
BANC OF CALIFORNIA INC	COM	05990K106	869	41,871	SH		DFND	1,2	41,871	0	0
BARD C R INC	COM	067383109	25,488	79,527	SH		DFND	1,2	79,527	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06746L422	8,226	209,916	SH		DFND	1,2	209,916	0	0
BARNES & NOBLE ED INC	COM	06777U101	588	90,378	SH		DFND	1,2	90,378	0	0
BASIC ENERGY SVCS INC NEW	COM NEW	06985P209	11	583	SH		DFND	1,2	583	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	903	17,629	SH		DFND	1,2	17,629	0	0
BENCHMARK ELECTRS INC	COM	08160H101	931	27,257	SH		DFND	1,2	27,257	0	0
BERKSHIRE HILLS BANCORP INC	COM	084680107	932	24,041	SH		DFND	1,2	24,041	0	0
BIGLARI HLDGS INC	COM	08986R101	669	2,007	SH		DFND	1,2	2,007	0	0
BIOTIME INC	COM	09066L105	713	251,227	SH		DFND	1,2	251,227	0	0
BLUCORA INC	COM	095229100	1,267	50,098	SH		DFND	1,2	50,098	0	0
BLUEROCK RESIDENTIAL GRW REI	COM CL A	09627J102	328	29,618	SH		DFND	1,2	29,618	0	0
BOISE CASCADE CO DEL	COM	09739D100	1,133	32,462	SH		DFND	1,2	32,462	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	3,720	212,680	SH		DFND	1,2	212,680	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	6,289	526,276	SH		DFND	1,2	526,276	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	1,046	58,170	SH		DFND	1,2	58,170	0	0
CBIZ INC	COM	124805102	1,039	63,966	SH		DFND	1,2	63,966	0	0
CBL & ASSOC PPTYS INC	COM	124830100	1,718	204,785	SH		DFND	1,2	204,785	0	0
CECO ENVIRONMENTAL CORP	COM	125141101	698	82,468	SH		DFND	1,2	82,468	0	0
CF INDS HLDGS INC	COM	125269100	971	27,621	SH		DFND	1,2	27,621	0	0
CVR ENERGY INC	COM	12662P108	11	436	SH		DFND	1,2	436	0	0
CVR PARTNERS LP	COM	126633106	44	13,659	SH		DFND	1,2	13,659	0	0
CVR REFNG LP	COMUNIT REP LT	12663P107	39	3,952	SH		DFND	1,2	3,952	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	47	1,572	SH		DFND	1,2	1,572	0	0
CABOT MICROELECTRONICS CORP	COM	12709P103	904	11,313	SH		DFND	1,2	11,313	0	0
CACI INTL INC	CL A	127190304	1,030	7,389	SH		DFND	1,2	7,389	0	0
CAL MAINE FOODS INC	COM NEW	128030202	240	5,836	SH		DFND	1,2	5,836	0	0
CALIFORNIA RES CORP	COM NEW	13057Q206	11	1,068	SH		DFND	1,2	1,068	0	0
CALLAWAY GOLF CO	COM	131193104	1,130	78,295	SH		DFND	1,2	78,295	0	0
CALPINE CORP	COM NEW	131347304	14,516	984,120	SH		DFND	1,2	984,120	0	0
CAPITAL BK FINL CORP	CL A COM	139794101	1,058	25,764	SH		DFND	1,2	25,764	0	0
CAPSTEAD MTG CORP	COM NO PAR	14067E506	1,118	115,879	SH		DFND	1,2	115,879	0	0
CARE COM INC	COM	141633107	1,101	69,284	SH		DFND	1,2	69,284	0	0
CARETRUST REIT INC	COM	14174T107	1,748	91,803	SH		DFND	1,2	91,803	0	0
CATHAY GEN BANCORP	COM	149150104	925	23,004	SH		DFND	1,2	23,004	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	603	107,319	SH		DFND	1,2	107,319	0	0
CENTURY ALUM CO	COM	156431108	171	10,293	SH		DFND	1,2	10,293	0	0
CENTURY CMNTYS INC	COM	156504300	843	34,125	SH		DFND	1,2	34,125	0	0
CHATHAM LODGING TR	COM	16208T102	999	46,858	SH		DFND	1,2	46,858	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	2,914	108,047	SH		DFND	1,2	108,047	0	0
CHESAPEAKE UTILS CORP	COM	165303108	980	12,526	SH		DFND	1,2	12,526	0	0
CHEVRON CORP NEW	COM	166764100	790	6,729	SH		DFND	1,2	6,729	0	0
CHICOS FAS INC	COM	168615102	546	61,037	SH		DFND	1,2	61,037	0	0
CIVITAS SOLUTIONS INC	COM	17887R102	871	47,233	SH		DFND	1,2	47,233	0	0
CLEVELAND CLIFFS INC	COM	185899101	250	34,963	SH		DFND	1,2	34,963	0	0
CLOUD PEAK ENERGY INC	COM	18911Q102	25	6,592	SH		DFND	1,2	6,592	0	0
COCA COLA BOTTLING CO CONS	COM	191098102	908	4,208	SH		DFND	1,2	4,208	0	0
COEUR MNG INC	COM NEW	192108504	71	7,703	SH		DFND	1,2	7,703	0	0
COHU INC	COM	192576106	1,119	46,950	SH		DFND	1,2	46,950	0	0
COMMERCIAL METALS CO	COM	201723103	862	45,308	SH		DFND	1,2	45,308	0	0
COMMUNITY HEALTH SYS INC NEW	COM	203668108	750	97,715	SH		DFND	1,2	97,715	0	0
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	1,207	58,802	SH		DFND	1,2	58,802	0	0
CONAGRA BRANDS INC	COM	205887102	1,700	50,412	SH		DFND	1,2	50,412	0	0
CONCHO RES INC	COM	20605P101	69	526	SH		DFND	1,2	526	0	0
CONNECTONE BANCORP INC NEW	COM	20786W107	879	35,742	SH		DFND	1,2	35,742	0	0
CONOCOPHILLIPS	COM	20825C104	220	4,394	SH		DFND	1,2	4,394	0	0
CONSOL ENERGY INC	COM	20854P109	343	20,204	SH		DFND	1,2	20,204	0	0
CONTAINER STORE GROUP INC	COM	210751103	863	204,899	SH		DFND	1,2	204,899	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	920	35,379	SH		DFND	1,2	35,379	0	0
CONTINENTAL RESOURCES INC	COM	212015101	52	1,334	SH		DFND	1,2	1,334	0	0
CONVERGYS CORP	COM	212485106	1,061	40,979	SH		DFND	1,2	40,979	0	0
COOPER TIRE & RUBR CO	COM	216831107	731	19,545	SH		DFND	1,2	19,545	0	0
COWEN INC	CL A NEW	223622606	1,032	57,977	SH		DFND	1,2	57,977	0	0
CURRENCYSHS BRIT POUND STER	BRIT POUND STE	23129S106	653	5,011	SH		DFND	1,2	5,011	0	0
CURRENCYSHARES AUSTRALIAN DL	AUSTRALIAN DOL	23129U101	2	27	SH		DFND	1,2	27	0	0
CURRENCYSHS JAPANESE YEN TR	JAPANESE YEN	23130A102	3,767	44,140	SH		DFND	1,2	44,140	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	1,858	16,288	SH		DFND	1,2	16,288	0	0
DBX ETF TR	XTRAK MSCI EAFE	233051200	46,685	1,504,517	SH		DFND	1,2	1,504,517	0	0
DBX ETF TR	XTRAK MSCI JAPN	233051507	3,295	81,313	SH		DFND	1,2	81,313	0	0
DBX ETF TR	DB XTR MSCI EUR	233051853	4,186	147,696	SH		DFND	1,2	147,696	0	0
DHI GROUP INC	COM	23331S100	571	219,426	SH		DFND	1,2	219,426	0	0
DARLING INGREDIENTS INC	COM	237266101	1,046	59,694	SH		DFND	1,2	59,694	0	0
DELEK US HLDGS INC NEW	COM	24665A103	54	2,032	SH		DFND	1,2	2,032	0	0
DENBURY RES INC	COM NEW	247916208	15	11,044	SH		DFND	1,2	11,044	0	0
DEVON ENERGY CORP NEW	COM	25179M103	69	1,867	SH		DFND	1,2	1,867	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	26	1,785	SH		DFND	1,2	1,785	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	3,504	320,015	SH		DFND	1,2	320,015	0	0
DILLARDS INC	CL A	254067101	930	16,592	SH		DFND	1,2	16,592	0	0
DIODES INC	COM	254543101	1,079	36,040	SH		DFND	1,2	36,040	0	0
DOMTAR CORP	COM NEW	257559203	3,131	72,165	SH		DFND	1,2	72,165	0	0
DRIVE SHACK INC	COM	262077100	754	208,853	SH		DFND	1,2	208,853	0	0
DYNEX CAP INC	COM NEW	26817Q506	412	56,680	SH		DFND	1,2	56,680	0	0
EOG RES INC	COM	26875P101	198	2,050	SH		DFND	1,2	2,050	0	0
EP ENERGY CORP	CL A	268785102	4	1,111	SH		DFND	1,2	1,111	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	980	47,396	SH		DFND	1,2	47,396	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	3,210	89,350	SH		DFND	1,2	89,350	0	0
ELLIS PERRY INTL INC	COM	288853104	955	40,350	SH		DFND	1,2	40,350	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	3,971	193,352	SH		DFND	1,2	193,352	0	0
EMPLOYERS HOLDINGS INC	COM	292218104	1,038	22,840	SH		DFND	1,2	22,840	0	0
ENGILITY HLDGS INC NEW	COM	29286C107	1,039	29,949	SH		DFND	1,2	29,949	0	0
ENTEGRIS INC	COM	29362U104	1,069	37,039	SH		DFND	1,2	37,039	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	866	20,440	SH		DFND	1,2	20,440	0	0
ENZO BIOCHEM INC	COM	294100102	1,084	103,551	SH		DFND	1,2	103,551	0	0
EPLUS INC	COM	294268107	1,187	12,836	SH		DFND	1,2	12,836	0	0
EVERCORE INC	CLASS A	29977A105	893	11,126	SH		DFND	1,2	11,126	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	46	2,985	SH		DFND	1,2	2,985	0	0
EXXON MOBIL CORP	COM	30231G102	1,235	15,059	SH		DFND	1,2	15,059	0	0
F M C CORP	COM NEW	302491303	1,416	15,856	SH		DFND	1,2	15,856	0	0
FTD COS INC	COM	30281V108	561	43,034	SH		DFND	1,2	43,034	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	21	4,308	SH		DFND	1,2	4,308	0	0
FEDERATED NATL HLDG CO	COM	31422T101	776	49,726	SH		DFND	1,2	49,726	0	0
FIDELITY & GTY LIFE	COM	315785105	3,368	108,486	SH		DFND	1,2	108,486	0	0
FINANCIAL INSTNS INC	COM	317585404	758	26,306	SH		DFND	1,2	26,306	0	0
FIRST BANCORP P R	COM NEW	318672706	785	153,404	SH		DFND	1,2	153,404	0	0
FIRST COMWLTH FINL CORP PA	COM	319829107	924	65,365	SH		DFND	1,2	65,365	0	0
FIRST DEFIANCE FINL CORP	COM	32006W106	919	17,508	SH		DFND	1,2	17,508	0	0
FIRST FINL CORP IND	COM	320218100	869	18,246	SH		DFND	1,2	18,246	0	0
FIRST FNDTN INC	COM	32026V104	1,000	55,881	SH		DFND	1,2	55,881	0	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	836	21,858	SH		DFND	1,2	21,858	0	0
FIRST MERCHANTS CORP	COM	320817109	946	22,045	SH		DFND	1,2	22,045	0	0
FIRST MIDWEST BANCORP DEL	COM	320867104	857	36,600	SH		DFND	1,2	36,600	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	776	69,639	SH		DFND	1,2	69,639	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	1,091	30,746	SH		DFND	1,2	30,746	0	0
FLEXSTEEL INDS INC	COM	339382103	872	17,198	SH		DFND	1,2	17,198	0	0
FLOWSERVE CORP	COM	34354P105	3,198	75,098	SH		DFND	1,2	75,098	0	0
FORMFACTOR INC	COM	346375108	1,232	73,141	SH		DFND	1,2	73,141	0	0
FORTRESS INVESTMENT GROUP LL	CL A	34958B106	2,503	314,021	SH		DFND	1,2	314,021	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	1,862	74,712	SH		DFND	1,2	74,712	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	1,341	126,298	SH		DFND	1,2	126,298	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	2,255	160,624	SH		DFND	1,2	160,624	0	0
GMS INC	COM	36251C103	876	24,737	SH		DFND	1,2	24,737	0	0
GAIN CAP HLDGS INC	COM	36268W100	665	104,048	SH		DFND	1,2	104,048	0	0
GENERAL MLS INC	COM	370334104	3,533	68,259	SH		DFND	1,2	68,259	0	0
GIBRALTAR INDS INC	COM	374689107	655	21,037	SH		DFND	1,2	21,037	0	0
GLOBAL NET LEASE INC	COM NEW	379378201	1,802	82,314	SH		DFND	1,2	82,314	0	0
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	852	25,197	SH		DFND	1,2	25,197	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	2,171	115,668	SH		DFND	1,2	115,668	0	0
GRANITE PT MTG TR INC	COM	38741L107	220	11,739	SH		DFND	1,2	11,739	0	0
GRAY TELEVISION INC	COM	389375106	938	59,774	SH		DFND	1,2	59,774	0	0
GREAT SOUTHN BANCORP INC	COM	390905107	955	17,161	SH		DFND	1,2	17,161	0	0
GREAT PLAINS ENERGY INC	COM	391164100	2,398	79,149	SH		DFND	1,2	79,149	0	0
GREEN BANCORP INC	COM	39260X100	1,152	48,691	SH		DFND	1,2	48,691	0	0
GREEN DOT CORP	CL A	39304D102	1,288	25,983	SH		DFND	1,2	25,983	0	0
GREENBRIER COS INC	COM	393657101	968	20,109	SH		DFND	1,2	20,109	0	0
GREIF INC	CL A	397624107	921	15,732	SH		DFND	1,2	15,732	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	848	11,702	SH		DFND	1,2	11,702	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	63	4,398	SH		DFND	1,2	4,398	0	0
HCI GROUP INC	COM	40416E103	727	19,015	SH		DFND	1,2	19,015	0	0
HSN INC	COM	404303109	1,036	26,521	SH		DFND	1,2	26,521	0	0
HACKETT GROUP INC	COM	404609109	676	44,472	SH		DFND	1,2	44,472	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	505	12,257	SH		DFND	1,2	12,257	0	0
HALCON RES CORP	COM PAR NEW	40537Q605	28	4,065	SH		DFND	1,2	4,065	0	0
HALLIBURTON CO	COM	406216101	141	3,068	SH		DFND	1,2	3,068	0	0
HANCOCK HLDG CO	COM	410120109	922	19,027	SH		DFND	1,2	19,027	0	0
HEARTLAND FINL USA INC	COM	42234Q102	857	17,353	SH		DFND	1,2	17,353	0	0
HECLA MNG CO	COM	422704106	85	16,791	SH		DFND	1,2	16,791	0	0
HEIDRICK & STRUGGLES INTL IN	COM	422819102	696	32,894	SH		DFND	1,2	32,894	0	0
HERITAGE FINL CORP WASH	COM	42722X106	1,033	35,018	SH		DFND	1,2	35,018	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	921	49,340	SH		DFND	1,2	49,340	0	0
HESS CORP	COM	42809H107	52	1,124	SH		DFND	1,2	1,124	0	0
HILLTOP HOLDINGS INC	COM	432748101	820	31,551	SH		DFND	1,2	31,551	0	0
HOMETRUST BANCSHARES INC	COM	437872104	946	36,882	SH		DFND	1,2	36,882	0	0
HOOKER FURNITURE CORP	COM	439038100	1,333	27,914	SH		DFND	1,2	27,914	0	0
HORMEL FOODS CORP	COM	440452100	16,247	505,510	SH		DFND	1,2	505,510	0	0
HOULIHAN LOKEY INC	CL A	441593100	984	25,157	SH		DFND	1,2	25,157	0	0
HUB GROUP INC	CL A	443320106	802	18,679	SH		DFND	1,2	18,679	0	0
HUNTSMAN CORP	COM	447011107	25,891	944,235	SH		DFND	1,2	944,235	0	0
IDT CORP	CL B NEW	448947507	959	68,137	SH		DFND	1,2	68,137	0	0
HYSTER YALE MATLS HANDLING I	CL A	449172105	1,175	15,370	SH		DFND	1,2	15,370	0	0
ICF INTL INC	COM	44925C103	1,132	20,987	SH		DFND	1,2	20,987	0	0
IES HLDGS INC	COM	44951W106	828	47,884	SH		DFND	1,2	47,884	0	0
ILG INC	COM	44967H101	1,105	41,353	SH		DFND	1,2	41,353	0	0
ISTAR INC	COM	45031U101	998	84,589	SH		DFND	1,2	84,589	0	0
IBERIABANK CORP	COM	450828108	900	10,958	SH		DFND	1,2	10,958	0	0
IDEX CORP	COM	45167R104	5,335	43,916	SH		DFND	1,2	43,916	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	4	933	SH		DFND	1,2	933	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	1,037	101,937	SH		DFND	1,2	101,937	0	0
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	58	1,928	SH		DFND	1,2	1,928	0	0
INFINITY PPTY & CAS CORP	COM	45665Q103	855	9,076	SH		DFND	1,2	9,076	0	0
INFRAREIT INC	COM	45685L100	1,068	47,754	SH		DFND	1,2	47,754	0	0
INGREDION INC	COM	457187102	1,025	8,493	SH		DFND	1,2	8,493	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	969	21,092	SH		DFND	1,2	21,092	0	0
INNERWORKINGS INC	COM	45773Y105	979	87,022	SH		DFND	1,2	87,022	0	0
INNOPHOS HOLDINGS INC	COM	45774N108	790	16,058	SH		DFND	1,2	16,058	0	0
INSPERITY INC	COM	45778Q107	860	9,776	SH		DFND	1,2	9,776	0	0
INTERNATIONAL SPEEDWAY CORP	CL A	460335201	845	23,459	SH		DFND	1,2	23,459	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	2,337	136,438	SH		DFND	1,2	136,438	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	890	145,723	SH		DFND	1,2	145,723	0	0
ISHARES INC	MSCI PAC JP ETF	464286665	1,591	34,402	SH		DFND	1,2	34,402	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	21,168	480,650	SH		DFND	1,2	480,650	0	0
ISHARES TR	CORE S&P500 ETF	464287200	971	3,838	SH		DFND	1,2	3,838	0	0
ISHARES TR	CORE US AGGBD ET	464287226	1,411	12,879	SH		DFND	1,2	12,879	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	242,260	1,998,347	SH		DFND	1,2	1,998,347	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	20,889	145,654	SH		DFND	1,2	145,654	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	16	145	SH		DFND	1,2	145	0	0
ISHARES TR	BARCLAYS 7 10 YR	464287440	3,900	36,613	SH		DFND	1,2	36,613	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	47,532	562,844	SH		DFND	1,2	562,844	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	47	403	SH		DFND	1,2	403	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	40,030	320,084	SH		DFND	1,2	320,084	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	16,587	92,686	SH		DFND	1,2	92,686	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	30	202	SH		DFND	1,2	202	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	170	2,124	SH		DFND	1,2	2,124	0	0
ISHARES TR	S&P SML 600 GWT	464287887	8,893	54,059	SH		DFND	1,2	54,059	0	0
ISHARES TR	MSCI AC ASIA ETF	464288182	2,172	30,072	SH		DFND	1,2	30,072	0	0
ISHARES TR	EAFE SML CP ETF	464288273	50,351	812,103	SH		DFND	1,2	812,103	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	20,525	176,305	SH		DFND	1,2	176,305	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	19,445	219,080	SH		DFND	1,2	219,080	0	0
ISHARES TR	MBS ETF	464288588	4,358	40,692	SH		DFND	1,2	40,692	0	0
ISHARES TR	US CR BD ETF	464288620	6,605	58,844	SH		DFND	1,2	58,844	0	0
ISHARES TR	3 7 YR TREAS BD	464288661	5,552	44,953	SH		DFND	1,2	44,953	0	0
ISHARES TR	SHORT TREAS BD	464288679	82,422	746,610	SH		DFND	1,2	746,610	0	0
ISHARES TR	S&P US PFD STK	464288687	39,853	1,026,891	SH		DFND	1,2	1,026,891	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	123	7,819	SH		DFND	1,2	7,819	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	5,966	117,129	SH		DFND	1,2	117,129	0	0
ISHARES TR	MSCI CHINA ETF	46429B671	16,197	256,727	SH		DFND	1,2	256,727	0	0
ISHARES TR	MIN VOL USA ETF	46429B697	8	162	SH		DFND	1,2	162	0	0
ISHARES TR	0-5 YR TIPS ETF	46429B747	810	8,070	SH		DFND	1,2	8,070	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	2,506	39,049	SH		DFND	1,2	39,049	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	946	17,510	SH		DFND	1,2	17,510	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	11,875	213,140	SH		DFND	1,2	213,140	0	0
IXYS CORP	COM	46600W106	3,550	149,802	SH		DFND	1,2	149,802	0	0
JAGGED PEAK ENERGY INC	COM	47009K107	14	1,001	SH		DFND	1,2	1,001	0	0
JOHNSON OUTDOORS INC	CL A	479167108	1,740	23,744	SH		DFND	1,2	23,744	0	0
KMG CHEMICALS INC	COM	482564101	1,033	18,814	SH		DFND	1,2	18,814	0	0
K12 INC	COM	48273U102	807	45,262	SH		DFND	1,2	45,262	0	0
KADANT INC	COM	48282T104	1,439	14,603	SH		DFND	1,2	14,603	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	2,309	107,459	SH		DFND	1,2	107,459	0	0
KB HOME	COM	48666K109	1,052	43,598	SH		DFND	1,2	43,598	0	0
KEANE GROUP INC	COM	48669A108	14	859	SH		DFND	1,2	859	0	0
KELLOGG CO	COM	487836108	2,587	41,473	SH		DFND	1,2	41,473	0	0
KELLY SVCS INC	CL A	488152208	995	39,650	SH		DFND	1,2	39,650	0	0
KEMPER CORP DEL	COM	488401100	1,151	21,721	SH		DFND	1,2	21,721	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	2,064	111,269	SH		DFND	1,2	111,269	0	0
KFORCE INC	COM	493732101	737	36,495	SH		DFND	1,2	36,495	0	0
KIMBALL ELECTRONICS INC	COM	49428J109	1,107	51,135	SH		DFND	1,2	51,135	0	0
KINDER MORGAN INC DEL	COM	49456B101	152	7,930	SH		DFND	1,2	7,930	0	0
KITE PHARMA INC	COM	49803L109	14,697	81,734	SH		DFND	1,2	81,734	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	2,067	102,093	SH		DFND	1,2	102,093	0	0
KOPPERS HOLDINGS INC	COM	50060P106	944	20,464	SH		DFND	1,2	20,464	0	0
LAMB WESTON HLDGS INC	COM	513272104	811	17,306	SH		DFND	1,2	17,306	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	10,597	198,857	SH		DFND	1,2	198,857	0	0
LEXINGTON REALTY TRUST	COM	529043101	2,714	265,579	SH		DFND	1,2	265,579	0	0
LIBBEY INC	COM	529898108	550	59,447	SH		DFND	1,2	59,447	0	0
LILIS ENERGY INC	COM NEW	532403201	2	539	SH		DFND	1,2	539	0	0
LOUISIANA PAC CORP	COM	546347105	4,339	160,223	SH		DFND	1,2	160,223	0	0
M D C HLDGS INC	COM	552676108	958	28,843	SH		DFND	1,2	28,843	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	2,551	84,451	SH		DFND	1,2	84,451	0	0
M/I HOMES INC	COM	55305B101	946	35,379	SH		DFND	1,2	35,379	0	0
MRC GLOBAL INC	COM	55345K103	827	47,283	SH		DFND	1,2	47,283	0	0
MTGE INVT CORP	COM	55378A105	1,073	55,333	SH		DFND	1,2	55,333	0	0
MACK CALI RLTY CORP	COM	554489104	2,367	99,844	SH		DFND	1,2	99,844	0	0
MARATHON PETE CORP	COM	56585A102	106	1,875	SH		DFND	1,2	1,875	0	0
MARCUS CORP	COM	566330106	748	27,000	SH		DFND	1,2	27,000	0	0
MATRIX SVC CO	COM	576853105	798	52,530	SH		DFND	1,2	52,530	0	0
MCEWEN MNG INC	COM	58039P107	25	12,706	SH		DFND	1,2	12,706	0	0
MERCANTILE BANK CORP	COM	587376104	879	25,197	SH		DFND	1,2	25,197	0	0
MERITAGE HOMES CORP	COM	59001A102	1,046	23,552	SH		DFND	1,2	23,552	0	0
MERITOR INC	COM	59001K100	1,316	50,599	SH		DFND	1,2	50,599	0	0
META FINL GROUP INC	COM	59100U108	768	9,792	SH		DFND	1,2	9,792	0	0
MILACRON HLDGS CORP	COM	59870L106	785	46,574	SH		DFND	1,2	46,574	0	0
MILLER HERMAN INC	COM	600544100	986	27,471	SH		DFND	1,2	27,471	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	799	11,314	SH		DFND	1,2	11,314	0	0
MOBILEIRON INC	COM NEW	60739U204	737	199,247	SH		DFND	1,2	199,247	0	0
MODINE MFG CO	COM	607828100	1,368	71,044	SH		DFND	1,2	71,044	0	0
MONEYGRAM INTL INC	COM NEW	60935Y208	1,164	72,263	SH		DFND	1,2	72,263	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	1,365	84,297	SH		DFND	1,2	84,297	0	0
MOOG INC	CL A	615394202	1,074	12,869	SH		DFND	1,2	12,869	0	0
NCI BUILDING SYS INC	COM NEW	628852204	788	50,537	SH		DFND	1,2	50,537	0	0
NMI HLDGS INC	CL A	629209305	943	76,030	SH		DFND	1,2	76,030	0	0
NACCO INDS INC	CL A	629579103	1,065	12,417	SH		DFND	1,2	12,417	0	0
NANOMETRICS INC	COM	630077105	819	28,453	SH		DFND	1,2	28,453	0	0
NATIONAL COMM CORP	COM	63546L102	1,014	23,681	SH		DFND	1,2	23,681	0	0
NATIONAL GEN HLDGS CORP	COM	636220303	697	36,480	SH		DFND	1,2	36,480	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	48	1,350	SH		DFND	1,2	1,350	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	1,302	53,711	SH		DFND	1,2	53,711	0	0
NEENAH PAPER INC	COM	640079109	1,594	18,637	SH		DFND	1,2	18,637	0	0
NEW SR INVT GROUP INC	COM	648691103	896	97,924	SH		DFND	1,2	97,924	0	0
NEW YORK MTG TR INC	COM PAR $.02	649604501	832	135,310	SH		DFND	1,2	135,310	0	0
NEWMONT MINING CORP	COM	651639106	848	22,619	SH		DFND	1,2	22,619	0	0
NOBLE ENERGY INC	COM	655044105	44	1,546	SH		DFND	1,2	1,546	0	0
NOW INC	COM	67011P100	41	2,952	SH		DFND	1,2	2,952	0	0
NXSTAGE MEDICAL INC	COM	67072V103	2,139	77,492	SH		DFND	1,2	77,492	0	0
OASIS PETE INC NEW	COM	674215108	59	6,472	SH		DFND	1,2	6,472	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	174	2,716	SH		DFND	1,2	2,716	0	0
OCEANEERING INTL INC	COM	675232102	71	2,708	SH		DFND	1,2	2,708	0	0
OFFICE DEPOT INC	COM	676220106	844	185,796	SH		DFND	1,2	185,796	0	0
OIL STS INTL INC	COM	678026105	35	1,391	SH		DFND	1,2	1,391	0	0
OMNOVA SOLUTIONS INC	COM	682129101	959	87,548	SH		DFND	1,2	87,548	0	0
FLWS/1-800 FLOWERS	CL A	68243Q106	837	84,975	SH		DFND	1,2	84,975	0	0
ORCHID IS CAP INC	COM	68571X103	544	53,349	SH		DFND	1,2	53,349	0	0
OVERSTOCK COM INC DEL	COM	690370101	1,497	50,390	SH		DFND	1,2	50,390	0	0
PBF ENERGY INC	CL A	69318G106	79	2,864	SH		DFND	1,2	2,864	0	0
PC CONNECTION INC	COM	69318J100	820	29,093	SH		DFND	1,2	29,093	0	0
PHH CORP	COM NEW	693320202	948	68,085	SH		DFND	1,2	68,085	0	0
PAR PACIFIC HOLDINGS INC	COM NEW	69888T207	19	893	SH		DFND	1,2	893	0	0
PAREXEL INTL CORP	COM	699462107	8,986	102,018	SH		DFND	1,2	102,018	0	0
PARKWAY INC	COM	70156Q107	1,206	52,355	SH		DFND	1,2	52,355	0	0
PEAPACK-GLADSTONE FINL CORP	COM	704699107	988	29,292	SH		DFND	1,2	29,292	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	3,002	83,057	SH		DFND	1,2	83,057	0	0
PENN NATL GAMING INC	COM	707569109	1,100	47,029	SH		DFND	1,2	47,029	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	873	83,237	SH		DFND	1,2	83,237	0	0
PENNYMAC MTG INVT TR	COM	70931T103	1,385	79,651	SH		DFND	1,2	79,651	0	0
PENNYMAC FINL SVCS INC	CL A	70932B101	905	50,834	SH		DFND	1,2	50,834	0	0
PEOPLES BANCORP INC	COM	709789101	920	27,378	SH		DFND	1,2	27,378	0	0
PHILLIPS 66	COM	718546104	168	1,837	SH		DFND	1,2	1,837	0	0
PHYSICIANS RLTY TR	COM	71943U104	3,872	218,369	SH		DFND	1,2	218,369	0	0
PILGRIMS PRIDE CORP NEW	COM	72147K108	6,754	237,746	SH		DFND	1,2	237,746	0	0
PIMCO ETF TR	1-5 US TIP IDX	72201R205	730	13,971	SH		DFND	1,2	13,971	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	7,223	70,955	SH		DFND	1,2	70,955	0	0
PINNACLE ENTMT INC NEW	COM	72348Y105	946	44,402	SH		DFND	1,2	44,402	0	0
PIONEER ENERGY SVCS CORP	COM	723664108	5	2,103	SH		DFND	1,2	2,103	0	0
PIONEER NAT RES CO	COM	723787107	89	605	SH		DFND	1,2	605	0	0
PLATFORM SPECIALTY PRODS COR	COM	72766Q105	474	42,494	SH		DFND	1,2	42,494	0	0
PLEXUS CORP	COM	729132100	841	14,997	SH		DFND	1,2	14,997	0	0
PLY GEM HLDGS INC	COM	72941W100	750	43,994	SH		DFND	1,2	43,994	0	0
POST HLDGS INC	COM	737446104	673	7,616	SH		DFND	1,2	7,616	0	0
POTBELLY CORP	COM	73754Y100	773	62,357	SH		DFND	1,2	62,357	0	0
POWERSHS DB MULTI SECT COMM	DB GOLD FUND	73936B606	312	7,657	SH		DFND	1,2	7,657	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	177	7,324	SH		DFND	1,2	7,324	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	55,968	2,416,634	SH		DFND	1,2	2,416,634	0	0
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	8,222	276,185	SH		DFND	1,2	276,185	0	0
POWERSHARES ETF TR II	KBW BK PORT	73937B746	213	4,141	SH		DFND	1,2	4,141	0	0
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	4	91	SH		DFND	1,2	91	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	744	39,426	SH		DFND	1,2	39,426	0	0
PROPETRO HLDG CORP	COM	74347M108	13	904	SH		DFND	1,2	904	0	0
PROSHARES TR	PSHS SH MSCI EAF	74347R370	455	17,519	SH		DFND	1,2	17,519	0	0
PROSHARES TR	PSHS SH MSCI EMR	74347R396	1,752	94,712	SH		DFND	1,2	94,712	0	0
PROSHARES TR II	ULTRASHORT YEN N	74347W569	5	70	SH		DFND	1,2	70	0	0
PROSHARES TR II	ULTRASHRT EURO	74347W882	1	51	SH		DFND	1,2	51	0	0
PROSHARES TR	ULTSHT REAL EST	74348A244	210	7,036	SH		DFND	1,2	7,036	0	0
PROSHARES TR	ULTSHT RUSS2000	74348A319	217	11,836	SH		DFND	1,2	11,836	0	0
QCR HOLDINGS INC	COM	74727A104	931	20,464	SH		DFND	1,2	20,464	0	0
QUAD / GRAPHICS INC	COM CL A	747301109	776	34,340	SH		DFND	1,2	34,340	0	0
QEP RES INC	COM	74733V100	57	6,651	SH		DFND	1,2	6,651	0	0
QTS RLTY TR INC	COM CL A	74736A103	2,678	51,147	SH		DFND	1,2	51,147	0	0
QUALITY CARE PPTYS INC	COM	747545101	1,780	114,846	SH		DFND	1,2	114,846	0	0
QUANEX BUILDING PRODUCTS COR	COM	747619104	982	42,802	SH		DFND	1,2	42,802	0	0
QUORUM HEALTH CORP	COM	74909E106	825	159,326	SH		DFND	1,2	159,326	0	0
RPC INC	COM	749660106	41	1,667	SH		DFND	1,2	1,667	0	0
RMR GROUP INC	CL A	74967R106	899	17,511	SH		DFND	1,2	17,511	0	0
RADIAN GROUP INC	COM	750236101	902	48,260	SH		DFND	1,2	48,260	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	1,242	95,455	SH		DFND	1,2	95,455	0	0
RAYONIER ADVANCED MATLS INC	COM	75508B104	883	64,442	SH		DFND	1,2	64,442	0	0
REDWOOD TR INC	COM	758075402	1,515	93,025	SH		DFND	1,2	93,025	0	0
REGIS CORP MINN	COM	758932107	1,055	73,951	SH		DFND	1,2	73,951	0	0
RENASANT CORP	COM	75970E107	937	21,837	SH		DFND	1,2	21,837	0	0
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	1,008	82,942	SH		DFND	1,2	82,942	0	0
RESOLUTE ENERGY CORP	COM NEW	76116A306	16	538	SH		DFND	1,2	538	0	0
RESOURCE CAP CORP	COM NEW	76120W708	386	35,773	SH		DFND	1,2	35,773	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	2,506	131,851	SH		DFND	1,2	131,851	0	0
REXNORD CORP NEW	COM	76169B102	1,513	59,523	SH		DFND	1,2	59,523	0	0
REXFORD INDL RLTY INC	COM	76169C100	2,479	86,631	SH		DFND	1,2	86,631	0	0
RICE ENERGY INC	COM	762760106	9,253	319,721	SH		DFND	1,2	319,721	0	0
ROADRUNNER TRNSN SVCS HLDG I	COM	76973Q105	1,202	126,160	SH		DFND	1,2	126,160	0	0
ROGERS CORP	COM	775133101	1,345	10,092	SH		DFND	1,2	10,092	0	0
ROYAL GOLD INC	COM	780287108	239	2,772	SH		DFND	1,2	2,772	0	0
RUDOLPH TECHNOLOGIES INC	COM	781270103	1,018	38,695	SH		DFND	1,2	38,695	0	0
RUSH ENTERPRISES INC	CL A	781846209	1,213	26,201	SH		DFND	1,2	26,201	0	0
RUTHS HOSPITALITY GROUP INC	COM	783332109	906	43,230	SH		DFND	1,2	43,230	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	1	16	SH		DFND	1,2	16	0	0
RYDEX ETF TRUST	GUG S&P500 PU GR	78355W403	2,219	22,180	SH		DFND	1,2	22,180	0	0
RYERSON HLDG CORP	COM	783754104	746	68,790	SH		DFND	1,2	68,790	0	0
SJW GROUP	COM	784305104	1,017	17,976	SH		DFND	1,2	17,976	0	0
SM ENERGY CO	COM	78454L100	55	3,080	SH		DFND	1,2	3,080	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,928	7,675	SH		DFND	1,2	7,675	0	0
SPDR INDEX SHS FDS	S&P CHINA ETF	78463X400	6,357	62,001	SH		DFND	1,2	62,001	0	0
SPDR INDEX SHS FDS	S&P EMKTSC ETF	78463X756	28,191	568,949	SH		DFND	1,2	568,949	0	0
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463X871	4,820	137,653	SH		DFND	1,2	137,653	0	0
SPDR SERIES TRUST	BLMBRG BRC CNVRT	78464A359	5,147	100,774	SH		DFND	1,2	100,774	0	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78464A417	20,109	538,836	SH		DFND	1,2	538,836	0	0
SPDR SERIES TRUST	DJ REIT ETF	78464A607	106	1,141	SH		DFND	1,2	1,141	0	0
SPDR SERIES TRUST	BLOMBRG BRC AGRT	78464A649	30	527	SH		DFND	1,2	527	0	0
SPDR SERIES TRUST	BLMBRG BR 1 3 MT	78464A680	25,209	551,024	SH		DFND	1,2	551,024	0	0
SPDR SERIES TRUST	S&P BK ETF	78464A797	937	20,754	SH		DFND	1,2	20,754	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	11,630	245,242	SH		DFND	1,2	245,242	0	0
SP PLUS CORP	COM	78469C103	1,014	25,682	SH		DFND	1,2	25,682	0	0
SPX FLOW INC	COM	78469X107	963	24,970	SH		DFND	1,2	24,970	0	0
SRC ENERGY INC	COM	78470V108	52	5,347	SH		DFND	1,2	5,347	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	4,245	193,462	SH		DFND	1,2	193,462	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	10	1,998	SH		DFND	1,2	1,998	0	0
SANDERSON FARMS INC	COM	800013104	4,166	25,796	SH		DFND	1,2	25,796	0	0
SANMINA CORPORATION	COM	801056102	793	21,348	SH		DFND	1,2	21,348	0	0
SCANSOURCE INC	COM	806037107	964	22,083	SH		DFND	1,2	22,083	0	0
SCHLUMBERGER LTD	COM	806857108	341	4,896	SH		DFND	1,2	4,896	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	4,961	81,451	SH		DFND	1,2	81,451	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	121,034	2,401,475	SH		DFND	1,2	2,401,475	0	0
SCRIPPS NETWORKS INTERACT IN	CL A COM	811065101	17,639	205,373	SH		DFND	1,2	205,373	0	0
SEABOARD CORP	COM	811543107	5,045	1,120	SH		DFND	1,2	1,120	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	773	13,606	SH		DFND	1,2	13,606	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	6,973	85,321	SH		DFND	1,2	85,321	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	3,591	39,864	SH		DFND	1,2	39,864	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	364	5,319	SH		DFND	1,2	5,319	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	33,022	1,276,982	SH		DFND	1,2	1,276,982	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	13,880	234,852	SH		DFND	1,2	234,852	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	1,802	76,932	SH		DFND	1,2	76,932	0	0
SELECT MED HLDGS CORP	COM	81619Q105	1,247	64,924	SH		DFND	1,2	64,924	0	0
SELECTIVE INS GROUP INC	COM	816300107	990	18,382	SH		DFND	1,2	18,382	0	0
SEMGROUP CORP	CL A	81663A105	63	2,174	SH		DFND	1,2	2,174	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	1,389	30,158	SH		DFND	1,2	30,158	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	69	2,463	SH		DFND	1,2	2,463	0	0
SIMMONS 1ST NATL CORP	CL A $1 PAR	828730200	910	15,715	SH		DFND	1,2	15,715	0	0
SKYWEST INC	COM	830879102	1,111	25,305	SH		DFND	1,2	25,305	0	0
SMUCKER J M CO	COM NEW	832696405	1,448	13,794	SH		DFND	1,2	13,794	0	0
SONUS NETWORKS INC	COM NEW	835916503	1,006	131,524	SH		DFND	1,2	131,524	0	0
SOUTHERN COPPER CORP	COM	84265V105	3,626	91,183	SH		DFND	1,2	91,183	0	0
SPARTAN MTRS INC	COM	846819100	1,197	108,342	SH		DFND	1,2	108,342	0	0
SPARTANNASH CO	COM	847215100	653	24,771	SH		DFND	1,2	24,771	0	0
STAG INDL INC	COM	85254J102	3,100	112,847	SH		DFND	1,2	112,847	0	0
STATE AUTO FINL CORP	COM	855707105	828	31,574	SH		DFND	1,2	31,574	0	0
STARWOOD WAYPOINT HOMES	COM	85572F105	2,016	55,426	SH		DFND	1,2	55,426	0	0
STATE BK FINL CORP	COM	856190103	951	33,184	SH		DFND	1,2	33,184	0	0
STATE NATL COS INC	COM	85711T305	2,268	108,065	SH		DFND	1,2	108,065	0	0
STEPAN CO	COM	858586100	920	10,997	SH		DFND	1,2	10,997	0	0
STONERIDGE INC	COM	86183P102	947	47,782	SH		DFND	1,2	47,782	0	0
STRAIGHT PATH COMMUNICATNS I	CL B	862578101	2,016	11,161	SH		DFND	1,2	11,161	0	0
SUMMIT HOTEL PPTYS	COM	866082100	2,880	180,120	SH		DFND	1,2	180,120	0	0
SUNCOKE ENERGY INC	COM	86722A103	52	5,648	SH		DFND	1,2	5,648	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	756	34,191	SH		DFND	1,2	34,191	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	45	4,193	SH		DFND	1,2	4,193	0	0
SUPERIOR INDS INTL INC	COM	868168105	569	34,191	SH		DFND	1,2	34,191	0	0
SYKES ENTERPRISES INC	COM	871237103	860	29,481	SH		DFND	1,2	29,481	0	0
SYNAPTICS INC	COM	87157D109	686	17,508	SH		DFND	1,2	17,508	0	0
TCF FINL CORP	COM	872275102	868	50,926	SH		DFND	1,2	50,926	0	0
TTM TECHNOLOGIES INC	COM	87305R109	826	53,736	SH		DFND	1,2	53,736	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	62	1,298	SH		DFND	1,2	1,298	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	896	40,653	SH		DFND	1,2	40,653	0	0
TECH DATA CORP	COM	878237106	820	9,231	SH		DFND	1,2	9,231	0	0
TEREX CORP NEW	COM	880779103	1,243	27,603	SH		DFND	1,2	27,603	0	0
TERRENO RLTY CORP	COM	88146M101	2,265	62,593	SH		DFND	1,2	62,593	0	0
TESCO CORP	COM	88157K101	7	1,206	SH		DFND	1,2	1,206	0	0
TIER REIT INC	COM NEW	88650V208	1,117	57,900	SH		DFND	1,2	57,900	0	0
TIME WARNER INC	COM NEW	887317303	23,422	228,617	SH		DFND	1,2	228,617	0	0
TITAN INTL INC ILL	COM	88830M102	102	10,073	SH		DFND	1,2	10,073	0	0
TOWER INTL INC	COM	891826109	870	31,983	SH		DFND	1,2	31,983	0	0
TREDEGAR CORP	COM	894650100	889	49,387	SH		DFND	1,2	49,387	0	0
TRIBUNE MEDIA CO	CL A	896047503	5,083	124,403	SH		DFND	1,2	124,403	0	0
TRICO BANCSHARES	COM	896095106	994	24,396	SH		DFND	1,2	24,396	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	850	37,120	SH		DFND	1,2	37,120	0	0
TRUEBLUE INC	COM	89785X101	711	31,690	SH		DFND	1,2	31,690	0	0
TUTOR PERINI CORP	COM	901109108	774	27,257	SH		DFND	1,2	27,257	0	0
TYSON FOODS INC	CL A	902494103	23,564	334,473	SH		DFND	1,2	334,473	0	0
UNIFI INC	COM NEW	904677200	1,088	30,531	SH		DFND	1,2	30,531	0	0
UNISYS CORP	COM NEW	909214306	528	62,131	SH		DFND	1,2	62,131	0	0
UNITED INS HLDGS CORP	COM	910710102	886	54,339	SH		DFND	1,2	54,339	0	0
UNITED NAT FOODS INC	COM	911163103	834	20,050	SH		DFND	1,2	20,050	0	0
UNIVAR INC	COM	91336L107	818	28,268	SH		DFND	1,2	28,268	0	0
UNIVERSAL FST PRODS INC	COM	913543104	863	8,795	SH		DFND	1,2	8,795	0	0
VWR CORP	COM	91843L103	3,056	92,306	SH		DFND	1,2	92,306	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	123	1,594	SH		DFND	1,2	1,594	0	0
VANECK VECTORS ETF TR	HIGH YLD MUN ETF	92189F361	132	4,201	SH		DFND	1,2	4,201	0	0
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	18,246	950,340	SH		DFND	1,2	950,340	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	288,907	3,619,472	SH		DFND	1,2	3,619,472	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	1,002	12,225	SH		DFND	1,2	12,225	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	4,482	103,237	SH		DFND	1,2	103,237	0	0
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	2,454	49,626	SH		DFND	1,2	49,626	0	0
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	22,558	196,280	SH		DFND	1,2	196,280	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,567	35,974	SH		DFND	1,2	35,974	0	0
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	2,374	34,809	SH		DFND	1,2	34,809	0	0
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	676	4,717	SH		DFND	1,2	4,717	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	69	742	SH		DFND	1,2	742	0	0
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	318	4,861	SH		DFND	1,2	4,861	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	768	5,043	SH		DFND	1,2	5,043	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	1,265	8,322	SH		DFND	1,2	8,322	0	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	132	1,029	SH		DFND	1,2	1,029	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	5,623	70,182	SH		DFND	1,2	70,182	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	1,701	32,211	SH		DFND	1,2	32,211	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	90,258	1,025,535	SH		DFND	1,2	1,025,535	0	0
VECTRUS INC	COM	92242T101	1,196	38,779	SH		DFND	1,2	38,779	0	0
VANGUARD INDEX FDS	REIT ETF	922908553	1,247	15,007	SH		DFND	1,2	15,007	0	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	12,547	82,198	SH		DFND	1,2	82,198	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	31,500	237,291	SH		DFND	1,2	237,291	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	42	428	SH		DFND	1,2	428	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	39,804	307,316	SH		DFND	1,2	307,316	0	0
VIAD CORP	COM NEW	92552R406	1,168	19,174	SH		DFND	1,2	19,174	0	0
WGL HLDGS INC	COM	92924F106	2,348	27,884	SH		DFND	1,2	27,884	0	0
WABASH NATL CORP	COM	929566107	956	41,891	SH		DFND	1,2	41,891	0	0
WALKER & DUNLOP INC	COM	93148P102	1,088	20,792	SH		DFND	1,2	20,792	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,892	227,086	SH		DFND	1,2	227,086	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	3,062	93,463	SH		DFND	1,2	93,463	0	0
WEIS MKTS INC	COM	948849104	632	14,532	SH		DFND	1,2	14,532	0	0
WESCO INTL INC	COM	95082P105	726	12,460	SH		DFND	1,2	12,460	0	0
WEST CORP	COM	952355204	1,364	58,135	SH		DFND	1,2	58,135	0	0
WESTERN ASSET MTG CAP CORP	COM	95790D105	519	49,566	SH		DFND	1,2	49,566	0	0
WESTMORELAND COAL CO	COM	960878106	4	1,631	SH		DFND	1,2	1,631	0	0
WHITESTONE REIT	COM	966084204	591	45,257	SH		DFND	1,2	45,257	0	0
WILLIAMS COS INC DEL	COM	969457100	88	2,934	SH		DFND	1,2	2,934	0	0
WINTRUST FINL CORP	COM	97650W108	982	12,540	SH		DFND	1,2	12,540	0	0
WISDOMTREE TR	EM LCL DEBT FD	97717X867	1,093	28,329	SH		DFND	1,2	28,329	0	0
XCERRA CORP	COM	98400J108	1,936	196,558	SH		DFND	1,2	196,558	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	2,751	130,682	SH		DFND	1,2	130,682	0	0
XYLEM INC	COM	98419M100	6,477	103,411	SH		DFND	1,2	103,411	0	0