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
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	7,143	43,665	SH		DFND	1,2	43,665	0	0
BUNGE LIMITED	COM	G16962105	1,560	22,373	SH		DFND	1,2	22,373	0	0
FERROGLOBE PLC	SHS	G33856108	106	12,410	SH		DFND	1,2	12,410	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	348	7,815	SH		DFND	1,2	7,815	0	0
GREENLIGHT CAPITAL RE LTD	CLASS A	G4095J109	1,935	136,286	SH		DFND	1,2	136,286	0	0
INGERSOLL-RAND PLC	SHS	G47791101	6,864	76,499	SH		DFND	1,2	76,499	0	0
MAIDEN HOLDINGS LTD	SHS	G5753U112	2,608	336,520	SH		DFND	1,2	336,520	0	0
ALPHA & OMEGA SEMICONDUCTOR	SHS	G6331P104	2,016	141,579	SH		DFND	1,2	141,579	0	0
PENTAIR PLC	SHS	G7S00T104	2,106	50,050	SH		DFND	1,2	50,050	0	0
CHUBB LIMITED	COM	H1467J104	6,047	47,605	SH		DFND	1,2	47,605	0	0
ADECOAGRO S A	COM	L00849106	377	47,413	SH		DFND	1,2	47,413	0	0
TRINSEO S A	SHS	L9340P101	2,096	29,541	SH		DFND	1,2	29,541	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	6,863	62,479	SH		DFND	1,2	62,479	0	0
AAR CORP	COM	000361105	2,305	49,590	SH		DFND	1,2	49,590	0	0
ACCO BRANDS CORP	COM	00081T108	2,414	174,293	SH		DFND	1,2	174,293	0	0
ABM INDS INC	COM	000957100	1,906	65,334	SH		DFND	1,2	65,334	0	0
AFLAC INC	COM	001055102	6,437	149,627	SH		DFND	1,2	149,627	0	0
AGCO CORP	COM	001084102	965	15,896	SH		DFND	1,2	15,896	0	0
AG MTG INVT TR INC	COM	001228105	474	25,209	SH		DFND	1,2	25,209	0	0
ASGN INC	COM	00191U102	2,089	26,715	SH		DFND	1,2	26,715	0	0
AT&T INC	COM	00206R102	5,985	186,384	SH		DFND	1,2	186,384	0	0
AV HOMES INC	COM	00234P102	2,523	117,918	SH		DFND	1,2	117,918	0	0
ABAXIS INC	COM	002567105	6,819	82,144	SH		DFND	1,2	82,144	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	1,972	72,065	SH		DFND	1,2	72,065	0	0
ACCESS NATL CORP	COM	004337101	2,193	76,669	SH		DFND	1,2	76,669	0	0
ACETO CORP	COM	004446100	964	287,814	SH		DFND	1,2	287,814	0	0
ADVANSIX INC	COM	00773T101	2,304	62,892	SH		DFND	1,2	62,892	0	0
ADVANCED ENERGY INDS	COM	007973100	1,988	34,231	SH		DFND	1,2	34,231	0	0
AETNA INC NEW	COM	00817Y108	32,359	176,343	SH		DFND	1,2	176,343	0	0
ALCOA CORP	COM	013872106	646	13,789	SH		DFND	1,2	13,789	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	234	9,311	SH		DFND	1,2	9,311	0	0
ALLSTATE CORP	COM	020002101	6,353	69,610	SH		DFND	1,2	69,610	0	0
ALTRIA GROUP INC	COM	02209S103	6,085	107,155	SH		DFND	1,2	107,155	0	0
AMERICAN ASSETS TR INC	COM	024013104	1,322	34,520	SH		DFND	1,2	34,520	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	2,682	74,503	SH		DFND	1,2	74,503	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	6,413	120,959	SH		DFND	1,2	120,959	0	0
AMERICAN NATL INS CO	COM	028591105	2,237	18,702	SH		DFND	1,2	18,702	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	6,405	75,019	SH		DFND	1,2	75,019	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	6,604	77,446	SH		DFND	1,2	77,446	0	0
AMERIPRISE FINL INC	COM	03076C106	6,181	44,189	SH		DFND	1,2	44,189	0	0
AMKOR TECHNOLOGY INC	COM	031652100	1,855	215,932	SH		DFND	1,2	215,932	0	0
ANADARKO PETE CORP	COM	032511107	242	3,309	SH		DFND	1,2	3,309	0	0
ANDEAVOR	COM	03349M105	54,486	415,354	SH		DFND	1,2	415,354	0	0
ANDERSONS INC	COM	034164103	155	4,532	SH		DFND	1,2	4,532	0	0
ANIXTER INTL INC	COM	035290105	1,828	28,878	SH		DFND	1,2	28,878	0	0
ANTHEM INC	COM	036752103	7,063	29,673	SH		DFND	1,2	29,673	0	0
ANWORTH MORTGAGE ASSET CP	COM	037347101	436	87,692	SH		DFND	1,2	87,692	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	2,030	111,069	SH		DFND	1,2	111,069	0	0
APPLIED MATLS INC	COM	038222105	5,418	117,299	SH		DFND	1,2	117,299	0	0
AQUA AMERICA INC	COM	03836W103	2,625	74,604	SH		DFND	1,2	74,604	0	0
ARBOR RLTY TR INC	COM	038923108	517	49,606	SH		DFND	1,2	49,606	0	0
ARCBEST CORP	COM	03937C105	3,119	68,250	SH		DFND	1,2	68,250	0	0
ARCH COAL INC	CL A	039380407	335	4,271	SH		DFND	1,2	4,271	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	11,034	240,763	SH		DFND	1,2	240,763	0	0
ARGAN INC	COM	04010E109	2,086	50,929	SH		DFND	1,2	50,929	0	0
ARMOUR RESIDENTIAL REIT INC	COM NEW	042315507	855	37,484	SH		DFND	1,2	37,484	0	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	2,221	32,405	SH		DFND	1,2	32,405	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	3,436	424,102	SH		DFND	1,2	424,102	0	0
ATKORE INTL GROUP INC	COM	047649108	2,289	110,194	SH		DFND	1,2	110,194	0	0
ATLAS AIR WORLDWIDE HLDGS IN	COM NEW	049164205	2,594	36,184	SH		DFND	1,2	36,184	0	0
AVIS BUDGET GROUP	COM	053774105	1,518	46,699	SH		DFND	1,2	46,699	0	0
AVISTA CORP	COM	05379B107	9,049	171,845	SH		DFND	1,2	171,845	0	0
AVON PRODS INC	COM	054303102	1,248	770,205	SH		DFND	1,2	770,205	0	0
BGC PARTNERS INC	CL A	05541T101	1,841	162,631	SH		DFND	1,2	162,631	0	0
BANCORP INC DEL	COM	05969A105	2,119	202,534	SH		DFND	1,2	202,534	0	0
BANCORPSOUTH BK TUPELO MISS	COM	05971J102	2,266	68,785	SH		DFND	1,2	68,785	0	0
BANK AMER CORP	COM	060505104	6,211	220,334	SH		DFND	1,2	220,334	0	0
BANK NEW YORK MELLON CORP	COM	064058100	6,917	128,265	SH		DFND	1,2	128,265	0	0
BANNER CORP	COM NEW	06652V208	2,370	39,419	SH		DFND	1,2	39,419	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06746L422	4,087	110,469	SH		DFND	1,2	110,469	0	0
BARNES & NOBLE ED INC	COM	06777U101	1,791	317,472	SH		DFND	1,2	317,472	0	0
BARRETT BUSINESS SERVICES IN	COM	068463108	2,549	26,393	SH		DFND	1,2	26,393	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	1,757	41,217	SH		DFND	1,2	41,217	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	2,023	137,142	SH		DFND	1,2	137,142	0	0
BENCHMARK ELECTRS INC	COM	08160H101	2,136	73,279	SH		DFND	1,2	73,279	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	6,192	33,172	SH		DFND	1,2	33,172	0	0
BERKSHIRE HILLS BANCORP INC	COM	084680107	2,340	57,638	SH		DFND	1,2	57,638	0	0
BIOGEN INC	COM	09062X103	7,122	24,537	SH		DFND	1,2	24,537	0	0
BIOTIME INC	COM	09066L105	1,667	813,154	SH		DFND	1,2	813,154	0	0
BLOOMIN BRANDS INC	COM	094235108	1,811	90,091	SH		DFND	1,2	90,091	0	0
BLUE BIRD CORP	COM	095306106	2,063	92,294	SH		DFND	1,2	92,294	0	0
BLUEROCK RESIDENTIAL GRW REI	COM CL A	09627J102	192	21,534	SH		DFND	1,2	21,534	0	0
BOJANGLES INC	COM	097488100	2,274	157,933	SH		DFND	1,2	157,933	0	0
BOOKING HLDGS INC	COM	09857L108	6,335	3,125	SH		DFND	1,2	3,125	0	0
BRAEMAR HOTELS & RESORTS INC	COM	10482B101	317	27,759	SH		DFND	1,2	27,759	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	2,706	160,318	SH		DFND	1,2	160,318	0	0
BRINKER INTL INC	COM	109641100	2,884	60,593	SH		DFND	1,2	60,593	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	2,016	110,251	SH		DFND	1,2	110,251	0	0
CBIZ INC	COM	124805102	2,757	119,855	SH		DFND	1,2	119,855	0	0
CBL & ASSOC PPTYS INC	COM	124830100	850	152,522	SH		DFND	1,2	152,522	0	0
CF INDS HLDGS INC	COM	125269100	1,643	37,010	SH		DFND	1,2	37,010	0	0
CIGNA CORPORATION	COM	125509109	6,685	39,334	SH		DFND	1,2	39,334	0	0
CRA INTL INC	COM	12618T105	2,129	41,832	SH		DFND	1,2	41,832	0	0
CVR PARTNERS LP	COM	126633106	59	17,856	SH		DFND	1,2	17,856	0	0
CYS INVTS INC	COM	12673A108	2,660	354,730	SH		DFND	1,2	354,730	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	1,999	84,716	SH		DFND	1,2	84,716	0	0
CACI INTL INC	CL A	127190304	2,436	14,452	SH		DFND	1,2	14,452	0	0
CAL MAINE FOODS INC	COM NEW	128030202	318	6,939	SH		DFND	1,2	6,939	0	0
CALERES INC	COM	129500104	2,239	65,101	SH		DFND	1,2	65,101	0	0
CAMDEN NATL CORP	COM	133034108	2,247	49,155	SH		DFND	1,2	49,155	0	0
CAPITAL ONE FINL CORP	COM	14040H105	6,386	69,485	SH		DFND	1,2	69,485	0	0
CAPSTEAD MTG CORP	COM NO PAR	14067E506	738	82,404	SH		DFND	1,2	82,404	0	0
CAREER EDUCATION CORP	COM	141665109	2,692	166,468	SH		DFND	1,2	166,468	0	0
CARETRUST REIT INC	COM	14174T107	1,136	68,054	SH		DFND	1,2	68,054	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	563	44,243	SH		DFND	1,2	44,243	0	0
CAVIUM INC	COM	14964U108	21,883	252,978	SH		DFND	1,2	252,978	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	376	79,607	SH		DFND	1,2	79,607	0	0
CENTERSTATE BK CORP	COM	15201P109	2,459	82,451	SH		DFND	1,2	82,451	0	0
CENTURY ALUM CO	COM	156431108	102	6,450	SH		DFND	1,2	6,450	0	0
CHATHAM LODGING TR	COM	16208T102	864	40,731	SH		DFND	1,2	40,731	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	1,697	53,649	SH		DFND	1,2	53,649	0	0
CHEVRON CORP NEW	COM	166764100	8,756	69,255	SH		DFND	1,2	69,255	0	0
CHICOS FAS INC	COM	168615102	1,970	241,966	SH		DFND	1,2	241,966	0	0
CITIGROUP INC	COM NEW	172967424	6,372	95,214	SH		DFND	1,2	95,214	0	0
CITI TRENDS INC	COM	17306X102	1,942	70,765	SH		DFND	1,2	70,765	0	0
CITIZENS FINL GROUP INC	COM	174610105	6,083	156,370	SH		DFND	1,2	156,370	0	0
CITY OFFICE REIT INC	COM	178587101	397	30,959	SH		DFND	1,2	30,959	0	0
CLEARWATER PAPER CORP	COM	18538R103	1,292	55,943	SH		DFND	1,2	55,943	0	0
CLEVELAND CLIFFS INC	COM	185899101	190	22,491	SH		DFND	1,2	22,491	0	0
CLOUD PEAK ENERGY INC	COM	18911Q102	57	16,344	SH		DFND	1,2	16,344	0	0
COEUR MNG INC	COM NEW	192108504	162	21,289	SH		DFND	1,2	21,289	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	6,418	81,247	SH		DFND	1,2	81,247	0	0
COMMERCIAL METALS CO	COM	201723103	2,257	106,911	SH		DFND	1,2	106,911	0	0
COMMUNITY TR BANCORP INC	COM	204149108	2,417	48,393	SH		DFND	1,2	48,393	0	0
CONAGRA BRANDS INC	COM	205887102	2,270	63,543	SH		DFND	1,2	63,543	0	0
CONCHO RES INC	COM	20605P101	130	943	SH		DFND	1,2	943	0	0
CONOCOPHILLIPS	COM	20825C104	531	7,628	SH		DFND	1,2	7,628	0	0
CONSOL ENERGY INC NEW	COM	20854L108	218	5,686	SH		DFND	1,2	5,686	0	0
CONTINENTAL RESOURCES INC	COM	212015101	158	2,440	SH		DFND	1,2	2,440	0	0
CONVERGYS CORP	COM	212485106	2,363	96,700	SH		DFND	1,2	96,700	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	2,310	73,328	SH		DFND	1,2	73,328	0	0
CUMMINS INC	COM	231021106	5,443	40,927	SH		DFND	1,2	40,927	0	0
CUSTOMERS BANCORP INC	COM	23204G100	2,130	75,039	SH		DFND	1,2	75,039	0	0
DBX ETF TR	XTRACK MSCI EAFE	233051200	26,877	855,922	SH		DFND	1,2	855,922	0	0
DBX ETF TR	XTRACK USD HIGH	233051432	2,948	60,039	SH		DFND	1,2	60,039	0	0
DBX ETF TR	XTRACK MSCI JAPN	233051507	11,729	281,754	SH		DFND	1,2	281,754	0	0
DBX ETF TR	XTRACK MSCI EURP	233051853	16,848	600,236	SH		DFND	1,2	600,236	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	8,335	124,910	SH		DFND	1,2	124,910	0	0
DXC TECHNOLOGY CO	COM	23355L106	5,948	73,783	SH		DFND	1,2	73,783	0	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	1,807	143,434	SH		DFND	1,2	143,434	0	0
DEVON ENERGY CORP NEW	COM	25179M103	148	3,378	SH		DFND	1,2	3,378	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	2,202	179,331	SH		DFND	1,2	179,331	0	0
DOMTAR CORP	COM NEW	257559203	887	18,572	SH		DFND	1,2	18,572	0	0
DONNELLEY FINL SOLUTIONS INC	COM	25787G100	2,213	127,397	SH		DFND	1,2	127,397	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	25,878	212,115	SH		DFND	1,2	212,115	0	0
DUCOMMUN INC DEL	COM	264147109	2,383	72,001	SH		DFND	1,2	72,001	0	0
DYNEX CAP INC	COM NEW	26817Q506	322	49,369	SH		DFND	1,2	49,369	0	0
EOG RES INC	COM	26875P101	466	3,745	SH		DFND	1,2	3,745	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	815	41,240	SH		DFND	1,2	41,240	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	2,845	68,544	SH		DFND	1,2	68,544	0	0
ELLIS PERRY INTL INC	COM	288853104	2,304	84,783	SH		DFND	1,2	84,783	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	2,091	122,271	SH		DFND	1,2	122,271	0	0
EMPLOYERS HOLDINGS INC	COM	292218104	2,174	54,077	SH		DFND	1,2	54,077	0	0
ENANTA PHARMACEUTICALS INC	COM	29251M106	3,133	27,035	SH		DFND	1,2	27,035	0	0
ENCORE WIRE CORP	COM	292562105	1,830	38,577	SH		DFND	1,2	38,577	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	146	7,688	SH		DFND	1,2	7,688	0	0
ENGILITY HLDGS INC NEW	COM	29286C107	2,747	89,647	SH		DFND	1,2	89,647	0	0
EPLUS INC	COM	294268107	2,649	28,153	SH		DFND	1,2	28,153	0	0
ESSENDANT INC	COM	296689102	3,707	280,433	SH		DFND	1,2	280,433	0	0
EVERCORE INC	CLASS A	29977A105	2,645	25,083	SH		DFND	1,2	25,083	0	0
EXANTAS CAP CORP	COM NEW	30068N105	271	26,623	SH		DFND	1,2	26,623	0	0
EXELON CORP	COM	30161N101	7,203	169,091	SH		DFND	1,2	169,091	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	35,395	458,422	SH		DFND	1,2	458,422	0	0
EXTERRAN CORP	COM	30227H106	2,051	81,924	SH		DFND	1,2	81,924	0	0
EXXON MOBIL CORP	COM	30231G102	2,285	27,626	SH		DFND	1,2	27,626	0	0
FBL FINL GROUP INC	CL A	30239F106	2,484	31,542	SH		DFND	1,2	31,542	0	0
F M C CORP	COM NEW	302491303	1,920	21,527	SH		DFND	1,2	21,527	0	0
FTI CONSULTING INC	COM	302941109	2,733	45,183	SH		DFND	1,2	45,183	0	0
FEDERATED INVS INC PA	CL B	314211103	1,527	65,492	SH		DFND	1,2	65,492	0	0
FEDEX CORP	COM	31428X106	6,290	27,701	SH		DFND	1,2	27,701	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	7,288	68,735	SH		DFND	1,2	68,735	0	0
FIDELITY SOUTHERN CORP NEW	COM	316394105	2,409	94,815	SH		DFND	1,2	94,815	0	0
FINANCIAL ENGINES INC	COM	317485100	2,202	49,053	SH		DFND	1,2	49,053	0	0
FIRST BANCORP P R	COM NEW	318672706	2,780	363,354	SH		DFND	1,2	363,354	0	0
FIRST BUSEY CORP	COM NEW	319383204	2,335	73,599	SH		DFND	1,2	73,599	0	0
FIRST DEFIANCE FINL CORP	COM	32006W106	2,559	38,162	SH		DFND	1,2	38,162	0	0
FIRST FNDTN INC	COM	32026V104	2,187	117,982	SH		DFND	1,2	117,982	0	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	2,334	55,307	SH		DFND	1,2	55,307	0	0
FIRSTCASH INC	COM	33767D105	2,419	26,921	SH		DFND	1,2	26,921	0	0
FISERV INC	COM	337738108	6,858	92,567	SH		DFND	1,2	92,567	0	0
FLOWSERVE CORP	COM	34354P105	2,202	54,508	SH		DFND	1,2	54,508	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	6,649	600,599	SH		DFND	1,2	600,599	0	0
FORMFACTOR INC	COM	346375108	2,131	160,249	SH		DFND	1,2	160,249	0	0
FORWARD AIR CORP	COM	349853101	2,445	41,380	SH		DFND	1,2	41,380	0	0
FOSSIL GROUP INC	COM	34988V106	4,628	172,235	SH		DFND	1,2	172,235	0	0
FOUNDATION BLDG MATLS INC	COM	350392106	2,256	146,706	SH		DFND	1,2	146,706	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	1,366	55,467	SH		DFND	1,2	55,467	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	801	93,552	SH		DFND	1,2	93,552	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	1,840	106,580	SH		DFND	1,2	106,580	0	0
FRONT YD RESIDENTIAL CORP	COM	35904G107	459	44,090	SH		DFND	1,2	44,090	0	0
GP STRATEGIES CORP	COM	36225V104	1,700	96,574	SH		DFND	1,2	96,574	0	0
GMS INC	COM	36251C103	1,939	71,577	SH		DFND	1,2	71,577	0	0
GENERAL DYNAMICS CORP	COM	369550108	5,483	29,412	SH		DFND	1,2	29,412	0	0
GENERAL MLS INC	COM	370334104	4,002	90,417	SH		DFND	1,2	90,417	0	0
GETTY RLTY CORP NEW	COM	374297109	825	29,275	SH		DFND	1,2	29,275	0	0
GLOBAL NET LEASE INC	COM NEW	379378201	1,246	60,967	SH		DFND	1,2	60,967	0	0
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	2,050	65,393	SH		DFND	1,2	65,393	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	5,800	26,297	SH		DFND	1,2	26,297	0	0
GOLDMAN SACHS ETF TR	TREASURYACCESS	381430529	22,033	220,025	SH		DFND	1,2	220,025	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	1,400	88,346	SH		DFND	1,2	88,346	0	0
GRAMERCY PPTY TR	COM NEW	385002308	15,853	580,254	SH		DFND	1,2	580,254	0	0
GRANITE PT MTG TR INC	COM	38741L107	698	38,048	SH		DFND	1,2	38,048	0	0
GREAT SOUTHN BANCORP INC	COM	390905107	2,505	43,790	SH		DFND	1,2	43,790	0	0
GREAT WESTN BANCORP INC	COM	391416104	2,281	54,318	SH		DFND	1,2	54,318	0	0
GRIFFON CORP	COM	398433102	2,133	119,855	SH		DFND	1,2	119,855	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	2,109	33,476	SH		DFND	1,2	33,476	0	0
GUARANTY BANCORP DEL	COM NEW	40075T607	2,175	73,001	SH		DFND	1,2	73,001	0	0
HCA HEALTHCARE INC	COM	40412C101	6,850	66,763	SH		DFND	1,2	66,763	0	0
HNI CORP	COM	404251100	2,255	60,610	SH		DFND	1,2	60,610	0	0
HP INC	COM	40434L105	6,779	298,769	SH		DFND	1,2	298,769	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	489	16,400	SH		DFND	1,2	16,400	0	0
HALLIBURTON CO	COM	406216101	253	5,622	SH		DFND	1,2	5,622	0	0
HANMI FINL CORP	COM NEW	410495204	2,017	71,133	SH		DFND	1,2	71,133	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	6,507	127,269	SH		DFND	1,2	127,269	0	0
HAWAIIAN HOLDINGS INC	COM	419879101	2,032	56,523	SH		DFND	1,2	56,523	0	0
HAWKINS INC	COM	420261109	2,200	62,230	SH		DFND	1,2	62,230	0	0
HEALTHSTREAM INC	COM	42222N103	2,406	88,093	SH		DFND	1,2	88,093	0	0
HEALTH INS INNOVATIONS INC	COM CL A	42225K106	2,449	75,688	SH		DFND	1,2	75,688	0	0
HEARTLAND FINL USA INC	COM	42234Q102	2,262	41,233	SH		DFND	1,2	41,233	0	0
HECLA MNG CO	COM	422704106	159	45,616	SH		DFND	1,2	45,616	0	0
HEIDRICK & STRUGGLES INTL IN	COM	422819102	2,450	69,997	SH		DFND	1,2	69,997	0	0
HERITAGE CRYSTAL CLEAN INC	COM	42726M106	1,867	92,881	SH		DFND	1,2	92,881	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	739	34,429	SH		DFND	1,2	34,429	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	5,411	370,394	SH		DFND	1,2	370,394	0	0
HILLTOP HOLDINGS INC	COM	432748101	2,058	93,238	SH		DFND	1,2	93,238	0	0
HOPE BANCORP INC	COM	43940T109	2,144	120,251	SH		DFND	1,2	120,251	0	0
HORACE MANN EDUCATORS CORP N	COM	440327104	2,282	51,167	SH		DFND	1,2	51,167	0	0
HORMEL FOODS CORP	COM	440452100	12,607	338,820	SH		DFND	1,2	338,820	0	0
HOULIHAN LOKEY INC	CL A	441593100	2,512	49,044	SH		DFND	1,2	49,044	0	0
HUB GROUP INC	CL A	443320106	2,603	52,268	SH		DFND	1,2	52,268	0	0
HYSTER YALE MATLS HANDLING I	CL A	449172105	2,010	31,281	SH		DFND	1,2	31,281	0	0
ICF INTL INC	COM	44925C103	2,659	37,424	SH		DFND	1,2	37,424	0	0
ILG INC	COM	44967H101	5,970	180,756	SH		DFND	1,2	180,756	0	0
ISTAR INC	COM	45031U101	632	58,589	SH		DFND	1,2	58,589	0	0
IDEX CORP	COM	45167R104	4,374	32,049	SH		DFND	1,2	32,049	0	0
IMPERVA INC	COM	45321L100	2,437	50,517	SH		DFND	1,2	50,517	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	809	78,511	SH		DFND	1,2	78,511	0	0
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	199	6,498	SH		DFND	1,2	6,498	0	0
INDUSTRIAL LOGISTICS PPTYS T	COM SHS BEN INT	456237106	406	18,167	SH		DFND	1,2	18,167	0	0
INFRAREIT INC	COM	45685L100	787	35,514	SH		DFND	1,2	35,514	0	0
INGREDION INC	COM	457187102	1,278	11,542	SH		DFND	1,2	11,542	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	3,064	62,622	SH		DFND	1,2	62,622	0	0
INTEGER HLDGS CORP	COM	45826H109	2,501	38,680	SH		DFND	1,2	38,680	0	0
INVESCO CURNCYSHS AUSTRLA DL	AUSTRALIAN DOL	46090N103	5,429	73,315	SH		DFND	1,2	73,315	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	1,606	101,019	SH		DFND	1,2	101,019	0	0
INVESCO EXCHNG TRADED FD TR	PFD ETF	46138E511	4,677	321,203	SH		DFND	1,2	321,203	0	0
INVESCO EXCHNG TRADED FD TR	KBW BK	46138E628	39	733	SH		DFND	1,2	733	0	0
INVESCO EXCHNG TRADED FD TR	EMRNG MKT SVRG	46138E784	7,299	275,239	SH		DFND	1,2	275,239	0	0
INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	60,050	2,622,309	SH		DFND	1,2	2,622,309	0	0
INVESCO EXCHNG TRADED FD TR	TREAS COLATERL	46138G888	8,801	82,932	SH		DFND	1,2	82,932	0	0
INVESCO CURRENCYSHARES EURO	EURO SHS	46138K103	305	2,720	SH		DFND	1,2	2,720	0	0
INVESCO CURNCYSHS BRIT PND S	BRIT POUN STRL	46138M109	2,377	18,557	SH		DFND	1,2	18,557	0	0
INVESCO CURNCYSHS JAPANESE Y	JAPANESE YEN	46138W107	8,484	98,112	SH		DFND	1,2	98,112	0	0
INVESCO DB MLTI SECTR CMMTY	GOLD FD	46140H601	10,009	253,341	SH		DFND	1,2	253,341	0	0
INVESCO DB US DLR INDEX TR	BULLISH FD	46141D203	142	5,682	SH		DFND	1,2	5,682	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	594	107,440	SH		DFND	1,2	107,440	0	0
ISHARES TR	CORE S&P TTL STK	464287150	2,739	43,810	SH		DFND	1,2	43,810	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	15,919	370,470	SH		DFND	1,2	370,470	0	0
ISHARES TR	CORE S&P500 ETF	464287200	1,632	5,976	SH		DFND	1,2	5,976	0	0
ISHARES TR	CORE US AGGBD ET	464287226	5,388	50,677	SH		DFND	1,2	50,677	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	72,285	630,929	SH		DFND	1,2	630,929	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	13,389	82,341	SH		DFND	1,2	82,341	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	40	366	SH		DFND	1,2	366	0	0
ISHARES TR	20 YR TR BD ETF	464287432	14,277	117,291	SH		DFND	1,2	117,291	0	0
ISHARES TR	BARCLAYS 7 10 YR	464287440	1,691	16,491	SH		DFND	1,2	16,491	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	41,244	494,711	SH		DFND	1,2	494,711	0	0
ISHARES TR	MSCI EAFE ETF	464287465	277	4,130	SH		DFND	1,2	4,130	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	92	755	SH		DFND	1,2	755	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	27,199	189,154	SH		DFND	1,2	189,154	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	16,525	80,878	SH		DFND	1,2	80,878	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	4,020	24,549	SH		DFND	1,2	24,549	0	0
ISHARES TR	S&P SML 600 GWT	464287887	9,417	49,834	SH		DFND	1,2	49,834	0	0
ISHARES TR	EAFE SML CP ETF	464288273	54,988	876,449	SH		DFND	1,2	876,449	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	19,663	184,162	SH		DFND	1,2	184,162	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	67,100	788,675	SH		DFND	1,2	788,675	0	0
ISHARES TR	MBS ETF	464288588	20,546	197,215	SH		DFND	1,2	197,215	0	0
ISHARES TR	US CR BD ETF	464288620	3,393	31,673	SH		DFND	1,2	31,673	0	0
ISHARES TR	10-20 YR TRS ETF	464288653	1,345	10,243	SH		DFND	1,2	10,243	0	0
ISHARES TR	3 7 YR TREAS BD	464288661	19,550	162,908	SH		DFND	1,2	162,908	0	0
ISHARES TR	SHORT TREAS BD	464288679	262,289	2,374,954	SH		DFND	1,2	2,374,954	0	0
ISHARES TR	S&P US PFD STK	464288687	14,739	390,858	SH		DFND	1,2	390,858	0	0
ISHARES TR	EAFE GRWTH ETF	464288885	11,079	140,588	SH		DFND	1,2	140,588	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	1,176	23,059	SH		DFND	1,2	23,059	0	0
ISHARES TR	MSCI CHINA ETF	46429B671	13,617	210,781	SH		DFND	1,2	210,781	0	0
ISHARES TR	0-5 YR TIPS ETF	46429B747	4,157	41,695	SH		DFND	1,2	41,695	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	5,122	80,829	SH		DFND	1,2	80,829	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	1,038	19,766	SH		DFND	1,2	19,766	0	0
J JILL INC	COM	46620W102	4,622	494,883	SH		DFND	1,2	494,883	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	7,594	220,122	SH		DFND	1,2	220,122	0	0
KELLOGG CO	COM	487836108	3,837	54,911	SH		DFND	1,2	54,911	0	0
KELLY SVCS INC	CL A	488152208	1,691	75,322	SH		DFND	1,2	75,322	0	0
KEMPER CORP DEL	COM	488401100	2,903	38,375	SH		DFND	1,2	38,375	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	2,342	110,725	SH		DFND	1,2	110,725	0	0
KEYCORP NEW	COM	493267108	6,595	337,530	SH		DFND	1,2	337,530	0	0
KFORCE INC	COM	493732101	2,774	80,864	SH		DFND	1,2	80,864	0	0
KINDER MORGAN INC DEL	COM	49456B101	257	14,544	SH		DFND	1,2	14,544	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	1,290	75,536	SH		DFND	1,2	75,536	0	0
KOPPERS HOLDINGS INC	COM	50060P106	2,041	53,221	SH		DFND	1,2	53,221	0	0
KORN FERRY INTL	COM NEW	500643200	2,626	42,398	SH		DFND	1,2	42,398	0	0
KRATON CORPORATION	COM	50077C106	2,115	45,846	SH		DFND	1,2	45,846	0	0
LTC PPTYS INC	COM	502175102	1,515	35,451	SH		DFND	1,2	35,451	0	0
LSC COMMUNICATIONS INC	COM	50218P107	1,963	125,353	SH		DFND	1,2	125,353	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	7,162	39,895	SH		DFND	1,2	39,895	0	0
LAM RESEARCH CORP	COM	512807108	5,552	32,120	SH		DFND	1,2	32,120	0	0
LAMB WESTON HLDGS INC	COM	513272104	1,610	23,494	SH		DFND	1,2	23,494	0	0
LANTHEUS HLDGS INC	COM	516544103	2,002	137,571	SH		DFND	1,2	137,571	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	15,734	459,669	SH		DFND	1,2	459,669	0	0
LEXINGTON REALTY TRUST	COM	529043101	1,706	195,421	SH		DFND	1,2	195,421	0	0
LIBERTY EXPEDIA HOLDINGS	SER A COM	53046P109	2,447	55,687	SH		DFND	1,2	55,687	0	0
LIBERTY TRIPADVISOR HLDGS IN	COM SER A	531465102	3,276	203,478	SH		DFND	1,2	203,478	0	0
LIFEPOINT HEALTH INC	COM	53219L109	2,271	46,539	SH		DFND	1,2	46,539	0	0
LINCOLN NATL CORP IND	COM	534187109	5,624	90,353	SH		DFND	1,2	90,353	0	0
LITHIA MTRS INC	CL A	536797103	2,058	21,760	SH		DFND	1,2	21,760	0	0
LOCKHEED MARTIN CORP	COM	539830109	5,653	19,135	SH		DFND	1,2	19,135	0	0
LOEWS CORP	COM	540424108	6,396	132,471	SH		DFND	1,2	132,471	0	0
LOUISIANA PAC CORP	COM	546347105	1,192	43,807	SH		DFND	1,2	43,807	0	0
LYDALL INC DEL	COM	550819106	1,979	45,335	SH		DFND	1,2	45,335	0	0
LYON WILLIAM HOMES	CL A NEW	552074700	1,846	79,570	SH		DFND	1,2	79,570	0	0
MB FINANCIAL INC NEW	COM	55264U108	9,893	211,839	SH		DFND	1,2	211,839	0	0
M D C HLDGS INC	COM	552676108	2,411	78,343	SH		DFND	1,2	78,343	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	1,953	64,124	SH		DFND	1,2	64,124	0	0
M/I HOMES INC	COM	55305B101	1,819	68,676	SH		DFND	1,2	68,676	0	0
MTGE INVT CORP	COM	55378A105	3,377	172,282	SH		DFND	1,2	172,282	0	0
MACK CALI RLTY CORP	COM	554489104	1,517	74,787	SH		DFND	1,2	74,787	0	0
MAGELLAN HEALTH INC	COM NEW	559079207	1,960	20,424	SH		DFND	1,2	20,424	0	0
MANTECH INTL CORP	CL A	564563104	2,115	39,434	SH		DFND	1,2	39,434	0	0
MARATHON PETE CORP	COM	56585A102	6,480	92,353	SH		DFND	1,2	92,353	0	0
MARCUS CORP	COM	566330106	2,342	72,073	SH		DFND	1,2	72,073	0	0
MCEWEN MNG INC	COM	58039P107	80	38,716	SH		DFND	1,2	38,716	0	0
MERITAGE HOMES CORP	COM	59001A102	2,124	48,339	SH		DFND	1,2	48,339	0	0
META FINL GROUP INC	COM	59100U108	1,951	20,031	SH		DFND	1,2	20,031	0	0
METLIFE INC	COM	59156R108	6,232	142,936	SH		DFND	1,2	142,936	0	0
MICROSTRATEGY INC	CL A NEW	594972408	2,166	16,958	SH		DFND	1,2	16,958	0	0
MICRON TECHNOLOGY INC	COM	595112103	6,510	124,142	SH		DFND	1,2	124,142	0	0
MIDWESTONE FINL GROUP INC NE	COM	598511103	2,220	65,707	SH		DFND	1,2	65,707	0	0
MITEL NETWORKS CORP	COM	60671Q104	8,981	818,678	SH		DFND	1,2	818,678	0	0
MOBILEIRON INC	COM NEW	60739U204	1,966	441,895	SH		DFND	1,2	441,895	0	0
MOLSON COORS BREWING CO	CL B	60871R209	5,959	87,588	SH		DFND	1,2	87,588	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	1,102	66,669	SH		DFND	1,2	66,669	0	0
MOODYS CORP	COM	615369105	6,955	40,780	SH		DFND	1,2	40,780	0	0
MORGAN STANLEY	COM NEW	617446448	5,802	122,398	SH		DFND	1,2	122,398	0	0
MUELLER INDS INC	COM	624756102	2,467	83,615	SH		DFND	1,2	83,615	0	0
NCI BUILDING SYS INC	COM NEW	628852204	2,595	123,582	SH		DFND	1,2	123,582	0	0
NATIONAL GEN HLDGS CORP	COM	636220303	2,369	89,979	SH		DFND	1,2	89,979	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	1,403	45,527	SH		DFND	1,2	45,527	0	0
NEENAH INC	COM	640079109	431	5,077	SH		DFND	1,2	5,077	0	0
NEW MEDIA INVT GROUP INC	COM	64704V106	2,358	127,619	SH		DFND	1,2	127,619	0	0
NEW SR INVT GROUP INC	COM	648691103	551	72,779	SH		DFND	1,2	72,779	0	0
NEW YORK MTG TR INC	COM PAR $.02	649604501	603	100,330	SH		DFND	1,2	100,330	0	0
NEWMONT MINING CORP	COM	651639106	2,287	60,640	SH		DFND	1,2	60,640	0	0
NEXEO SOLUTIONS INC	COM SHS	65342H102	1,866	204,429	SH		DFND	1,2	204,429	0	0
NORFOLK SOUTHERN CORP	COM	655844108	7,349	48,711	SH		DFND	1,2	48,711	0	0
NORTHERN TR CORP	COM	665859104	6,587	64,023	SH		DFND	1,2	64,023	0	0
NXSTAGE MEDICAL INC	COM	67072V103	5,870	210,401	SH		DFND	1,2	210,401	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	421	5,033	SH		DFND	1,2	5,033	0	0
OCLARO INC	COM NEW	67555N206	6,001	671,969	SH		DFND	1,2	671,969	0	0
OFFICE DEPOT INC	COM	676220106	2,594	1,017,389	SH		DFND	1,2	1,017,389	0	0
ONEOK INC NEW	COM	682680103	190	2,719	SH		DFND	1,2	2,719	0	0
ONESPAN INC	COM	68287N100	3,319	168,911	SH		DFND	1,2	168,911	0	0
OPUS BK IRVINE CALIF	COM	684000102	2,242	78,120	SH		DFND	1,2	78,120	0	0
ORCHID IS CAP INC	COM	68571X103	344	45,711	SH		DFND	1,2	45,711	0	0
PBF ENERGY INC	CL A	69318G106	2,705	64,523	SH		DFND	1,2	64,523	0	0
PG&E CORP	COM	69331C108	6,300	148,029	SH		DFND	1,2	148,029	0	0
PATRICK INDS INC	COM	703343103	2,011	35,367	SH		DFND	1,2	35,367	0	0
PEABODY ENERGY CORP NEW	COM	704551100	2,726	59,929	SH		DFND	1,2	59,929	0	0
PEAPACK-GLADSTONE FINL CORP	COM	704699107	2,266	65,511	SH		DFND	1,2	65,511	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	2,387	61,532	SH		DFND	1,2	61,532	0	0
PENN NATL GAMING INC	COM	707569109	2,798	83,297	SH		DFND	1,2	83,297	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	638	58,068	SH		DFND	1,2	58,068	0	0
PENNYMAC MTG INVT TR	COM	70931T103	1,018	53,585	SH		DFND	1,2	53,585	0	0
PENNYMAC FINL SVCS INC	CL A	70932B101	1,898	96,574	SH		DFND	1,2	96,574	0	0
PEOPLES BANCORP INC	COM	709789101	2,331	61,705	SH		DFND	1,2	61,705	0	0
PERFICIENT INC	COM	71375U101	2,517	95,435	SH		DFND	1,2	95,435	0	0
PFIZER INC	COM	717081103	6,740	185,775	SH		DFND	1,2	185,775	0	0
PHILLIPS 66	COM	718546104	7,969	70,952	SH		DFND	1,2	70,952	0	0
PHYSICIANS RLTY TR	COM	71943U104	2,623	164,557	SH		DFND	1,2	164,557	0	0
PILGRIMS PRIDE CORP NEW	COM	72147K108	3,240	160,974	SH		DFND	1,2	160,974	0	0
PIMCO ETF TR	1-5 US TIP IDX	72201R205	1,876	36,238	SH		DFND	1,2	36,238	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	11,456	112,812	SH		DFND	1,2	112,812	0	0
PIONEER NAT RES CO	COM	723787107	208	1,099	SH		DFND	1,2	1,099	0	0
PIPER JAFFRAY COS	COM	724078100	2,024	26,339	SH		DFND	1,2	26,339	0	0
PLATFORM SPECIALTY PRODS COR	COM	72766Q105	619	53,348	SH		DFND	1,2	53,348	0	0
POST HLDGS INC	COM	737446104	944	10,972	SH		DFND	1,2	10,972	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	598	35,180	SH		DFND	1,2	35,180	0	0
PRESIDIO INC	COM	74102M103	1,832	139,859	SH		DFND	1,2	139,859	0	0
PRIMORIS SVCS CORP	COM	74164F103	2,384	87,566	SH		DFND	1,2	87,566	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	5,859	110,652	SH		DFND	1,2	110,652	0	0
PROGRESSIVE CORP OHIO	COM	743315103	6,382	107,895	SH		DFND	1,2	107,895	0	0
PROSHARES TR	PSHS SH MSCI EAF	74347R370	271	10,500	SH		DFND	1,2	10,500	0	0
PROSHARES TR	PSHS SH MSCI EMR	74347R396	1,016	54,000	SH		DFND	1,2	54,000	0	0
PROSHARES TR II	ULTRASHRT EURO	74347W882	324	14,186	SH		DFND	1,2	14,186	0	0
PROSHARES TR	ULTSHT REAL EST	74348A244	111	3,955	SH		DFND	1,2	3,955	0	0
PROSHARES TR	ULTSHT RUSS2000	74348A319	1	68	SH		DFND	1,2	68	0	0
PROVIDENCE SVC CORP	COM	743815102	2,485	31,638	SH		DFND	1,2	31,638	0	0
PRUDENTIAL FINL INC	COM	744320102	5,927	63,384	SH		DFND	1,2	63,384	0	0
QCR HOLDINGS INC	COM	74727A104	2,314	48,771	SH		DFND	1,2	48,771	0	0
QUAD / GRAPHICS INC	COM CL A	747301109	1,797	86,289	SH		DFND	1,2	86,289	0	0
QTS RLTY TR INC	COM CL A	74736A103	1,800	45,580	SH		DFND	1,2	45,580	0	0
QUANEX BUILDING PRODUCTS COR	COM	747619104	2,257	125,713	SH		DFND	1,2	125,713	0	0
REV GROUP INC	COM	749527107	1,792	105,364	SH		DFND	1,2	105,364	0	0
RMR GROUP INC	CL A	74967R106	2,453	31,272	SH		DFND	1,2	31,272	0	0
RSP PERMIAN INC	COM	74978Q105	26,476	601,451	SH		DFND	1,2	601,451	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	928	70,268	SH		DFND	1,2	70,268	0	0
REDWOOD TR INC	COM	758075402	1,113	67,557	SH		DFND	1,2	67,557	0	0
REGIS CORP MINN	COM	758932107	2,391	144,573	SH		DFND	1,2	144,573	0	0
REGIONS FINL CORP NEW	COM	7591EP100	6,323	355,614	SH		DFND	1,2	355,614	0	0
RENASANT CORP	COM	75970E107	2,339	51,394	SH		DFND	1,2	51,394	0	0
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	3,050	170,890	SH		DFND	1,2	170,890	0	0
RESOURCES CONNECTION INC	COM	76122Q105	2,282	135,025	SH		DFND	1,2	135,025	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	1,920	100,196	SH		DFND	1,2	100,196	0	0
REXNORD CORP NEW	COM	76169B102	1,264	43,496	SH		DFND	1,2	43,496	0	0
REXFORD INDL RLTY INC	COM	76169C100	2,301	73,293	SH		DFND	1,2	73,293	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LTD PARTN	762819100	1,442	84,704	SH		DFND	1,2	84,704	0	0
RITE AID CORP	COM	767754104	13,603	7,863,047	SH		DFND	1,2	7,863,047	0	0
ROCKWELL COLLINS INC	COM	774341101	46,311	343,857	SH		DFND	1,2	343,857	0	0
ROSS STORES INC	COM	778296103	7,161	84,490	SH		DFND	1,2	84,490	0	0
ROYAL GOLD INC	COM	780287108	696	7,498	SH		DFND	1,2	7,498	0	0
RUSH ENTERPRISES INC	CL A	781846209	2,233	51,479	SH		DFND	1,2	51,479	0	0
SJW GROUP	COM	784305104	2,748	41,498	SH		DFND	1,2	41,498	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,827	10,420	SH		DFND	1,2	10,420	0	0
SPX CORP	COM	784635104	2,360	67,345	SH		DFND	1,2	67,345	0	0
SPDR INDEX SHS FDS	S&P CHINA ETF	78463X400	4,383	41,823	SH		DFND	1,2	41,823	0	0
SPDR INDEX SHS FDS	S&P EMKTSC ETF	78463X756	21,173	446,210	SH		DFND	1,2	446,210	0	0
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463X871	4,383	127,736	SH		DFND	1,2	127,736	0	0
SPDR SERIES TRUST	BLMBRG BRC CNVRT	78464A359	60,188	1,135,174	SH		DFND	1,2	1,135,174	0	0
SPDR SERIES TRUST	BLOMBRG BRC MRTG	78464A383	29,550	1,164,769	SH		DFND	1,2	1,164,769	0	0
SPDR SERIES TRUST	BLOMBRG BRC EMRG	78464A391	2,161	80,154	SH		DFND	1,2	80,154	0	0
SPDR SERIES TRUST	PRTFLO S&P500 GW	78464A409	1,665	47,388	SH		DFND	1,2	47,388	0	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78464A417	60,405	1,702,493	SH		DFND	1,2	1,702,493	0	0
SPDR SERIES TRUST	PORTFOLIO SHORT	78464A474	14,699	487,359	SH		DFND	1,2	487,359	0	0
SPDR SERIES TRUST	PRTFLO S&P500 VL	78464A508	3	112	SH		DFND	1,2	112	0	0
SPDR SERIES TRUST	PORTFOLIO AGRGTE	78464A649	278	9,959	SH		DFND	1,2	9,959	0	0
SPDR SERIES TRUST	PORTFOLIO LN TSR	78464A664	39,050	1,114,783	SH		DFND	1,2	1,114,783	0	0
SPDR SERIES TRUST	S&P BK ETF	78464A797	144	3,051	SH		DFND	1,2	3,051	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	22,489	478,784	SH		DFND	1,2	478,784	0	0
SPDR SER TR	BLOOMBERG SRT TR	78468R408	111	4,061	SH		DFND	1,2	4,061	0	0
SPDR SER TR	SPDR BLOOMBERG	78468R663	66,902	730,548	SH		DFND	1,2	730,548	0	0
SP PLUS CORP	COM	78469C103	2,286	61,442	SH		DFND	1,2	61,442	0	0
SPX FLOW INC	COM	78469X107	1,946	44,467	SH		DFND	1,2	44,467	0	0
SAIA INC	COM	78709Y105	2,353	29,107	SH		DFND	1,2	29,107	0	0
SALLY BEAUTY HLDGS INC	COM	79546E104	2,132	132,973	SH		DFND	1,2	132,973	0	0
SANDERSON FARMS INC	COM	800013104	2,058	19,575	SH		DFND	1,2	19,575	0	0
SCANA CORP NEW	COM	80589M102	9,162	237,852	SH		DFND	1,2	237,852	0	0
SCANSOURCE INC	COM	806037107	2,480	61,529	SH		DFND	1,2	61,529	0	0
SCHLUMBERGER LTD	COM	806857108	601	8,973	SH		DFND	1,2	8,973	0	0
SCHULMAN A INC	COM	808194104	6,517	146,460	SH		DFND	1,2	146,460	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	2,381	36,073	SH		DFND	1,2	36,073	0	0
SCHWAB STRATEGIC TR	INTRM TRM TRES	808524854	4,274	81,676	SH		DFND	1,2	81,676	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	103,096	2,072,701	SH		DFND	1,2	2,072,701	0	0
SEABOARD CORP	COM	811543107	3,000	757	SH		DFND	1,2	757	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	160	2,757	SH		DFND	1,2	2,757	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	2,983	35,750	SH		DFND	1,2	35,750	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	3,022	27,646	SH		DFND	1,2	27,646	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	655	8,627	SH		DFND	1,2	8,627	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	21,331	802,266	SH		DFND	1,2	802,266	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	868	12,122	SH		DFND	1,2	12,122	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	712	10,246	SH		DFND	1,2	10,246	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	1,237	23,805	SH		DFND	1,2	23,805	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	1,281	57,010	SH		DFND	1,2	57,010	0	0
SELECTIVE INS GROUP INC	COM	816300107	1,982	36,037	SH		DFND	1,2	36,037	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	1,231	29,023	SH		DFND	1,2	29,023	0	0
SMUCKER J M CO	COM NEW	832696405	1,919	17,858	SH		DFND	1,2	17,858	0	0
SOUTHERN COPPER CORP	COM	84265V105	2,718	57,980	SH		DFND	1,2	57,980	0	0
SPARTAN MTRS INC	COM	846819100	1,920	127,173	SH		DFND	1,2	127,173	0	0
SPARTANNASH CO	COM	847215100	3,244	127,101	SH		DFND	1,2	127,101	0	0
SPRINT CORP	COM SER 1	85207U105	9,637	1,771,431	SH		DFND	1,2	1,771,431	0	0
STAG INDL INC	COM	85254J102	2,400	88,149	SH		DFND	1,2	88,149	0	0
STANLEY BLACK & DECKER INC	COM	854502101	5,663	42,642	SH		DFND	1,2	42,642	0	0
STATE BK FINL CORP	COM	856190103	6,616	198,312	SH		DFND	1,2	198,312	0	0
STATE STR CORP	COM	857477103	6,119	65,730	SH		DFND	1,2	65,730	0	0
STEPAN CO	COM	858586100	2,051	26,297	SH		DFND	1,2	26,297	0	0
STEWART INFORMATION SVCS COR	COM	860372101	2,501	58,060	SH		DFND	1,2	58,060	0	0
STONERIDGE INC	COM	86183P102	2,785	79,253	SH		DFND	1,2	79,253	0	0
SUMMIT HOTEL PPTYS INC	COM	866082100	1,335	93,268	SH		DFND	1,2	93,268	0	0
SUNCOKE ENERGY INC	COM	86722A103	2,901	216,527	SH		DFND	1,2	216,527	0	0
SUNTRUST BKS INC	COM	867914103	6,439	97,535	SH		DFND	1,2	97,535	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	3,043	128,670	SH		DFND	1,2	128,670	0	0
SYKES ENTERPRISES INC	COM	871237103	2,175	75,582	SH		DFND	1,2	75,582	0	0
SYNEOS HEALTH INC	CL A	87166B102	2,890	61,617	SH		DFND	1,2	61,617	0	0
TCF FINL CORP	COM	872275102	2,361	95,897	SH		DFND	1,2	95,897	0	0
TTM TECHNOLOGIES INC	COM	87305R109	2,522	143,059	SH		DFND	1,2	143,059	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	1,969	83,836	SH		DFND	1,2	83,836	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	1,952	93,959	SH		DFND	1,2	93,959	0	0
TELEPHONE & DATA SYS INC	COM NEW	879433829	2,140	78,036	SH		DFND	1,2	78,036	0	0
TENNECO INC	COM	880349105	1,753	39,866	SH		DFND	1,2	39,866	0	0
TERRENO RLTY CORP	COM	88146M101	1,867	49,574	SH		DFND	1,2	49,574	0	0
TETRA TECHNOLOGIES INC DEL	COM	88162F105	2,596	583,304	SH		DFND	1,2	583,304	0	0
TIER REIT INC	COM NEW	88650V208	1,021	42,921	SH		DFND	1,2	42,921	0	0
TITAN INTL INC ILL	COM	88830M102	129	12,012	SH		DFND	1,2	12,012	0	0
TOWER INTL INC	COM	891826109	2,507	78,824	SH		DFND	1,2	78,824	0	0
TOWNEBANK PORTSMOUTH VA	COM	89214P109	2,455	76,482	SH		DFND	1,2	76,482	0	0
TREDEGAR CORP	COM	894650100	2,864	121,861	SH		DFND	1,2	121,861	0	0
TRIPLE-S MGMT CORP	CL B	896749108	3,269	83,679	SH		DFND	1,2	83,679	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	2,456	94,081	SH		DFND	1,2	94,081	0	0
TRUEBLUE INC	COM	89785X101	2,276	84,456	SH		DFND	1,2	84,456	0	0
TYSON FOODS INC	CL A	902494103	12,690	184,319	SH		DFND	1,2	184,319	0	0
U S CONCRETE INC	COM NEW	90333L201	1,901	36,214	SH		DFND	1,2	36,214	0	0
ULTRA CLEAN HLDGS INC	COM	90385V107	1,886	113,629	SH		DFND	1,2	113,629	0	0
UNIFI INC	COM NEW	904677200	1,913	60,343	SH		DFND	1,2	60,343	0	0
UNISYS CORP	COM NEW	909214306	2,625	203,478	SH		DFND	1,2	203,478	0	0
UNITED FIRE GROUP INC	COM	910340108	2,491	45,704	SH		DFND	1,2	45,704	0	0
UNITED INS HLDGS CORP	COM	910710102	2,238	114,285	SH		DFND	1,2	114,285	0	0
UNIVERSAL FST PRODS INC	COM	913543104	2,468	67,407	SH		DFND	1,2	67,407	0	0
UNIVERSAL INS HLDGS INC	COM	91359V107	2,407	68,571	SH		DFND	1,2	68,571	0	0
VSE CORP	COM	918284100	2,021	42,294	SH		DFND	1,2	42,294	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	8,126	73,324	SH		DFND	1,2	73,324	0	0
VANECK VECTORS ETF TR	HIGH YLD MUN ETF	92189F361	226	7,191	SH		DFND	1,2	7,191	0	0
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	13,780	809,645	SH		DFND	1,2	809,645	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	3,562	44,976	SH		DFND	1,2	44,976	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	6,588	153,560	SH		DFND	1,2	153,560	0	0
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	11,194	229,131	SH		DFND	1,2	229,131	0	0
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	24,760	214,537	SH		DFND	1,2	214,537	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,371	32,485	SH		DFND	1,2	32,485	0	0
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	624	3,680	SH		DFND	1,2	3,680	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	149	1,415	SH		DFND	1,2	1,415	0	0
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	483	7,156	SH		DFND	1,2	7,156	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	528	3,315	SH		DFND	1,2	3,315	0	0
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	246	1,813	SH		DFND	1,2	1,813	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	516	2,844	SH		DFND	1,2	2,844	0	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	91	690	SH		DFND	1,2	690	0	0
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	436	3,761	SH		DFND	1,2	3,761	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	73,721	943,928	SH		DFND	1,2	943,928	0	0
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	4,203	67,099	SH		DFND	1,2	67,099	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	25,753	500,916	SH		DFND	1,2	500,916	0	0
VANGUARD SCOTTSDALE FDS	LONG TERM TREAS	92206C847	33,460	447,440	SH		DFND	1,2	447,440	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	39,469	472,563	SH		DFND	1,2	472,563	0	0
VECTREN CORP	COM	92240G101	27,799	389,076	SH		DFND	1,2	389,076	0	0
VECTRUS INC	COM	92242T101	1,810	58,737	SH		DFND	1,2	58,737	0	0
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	12,709	72,293	SH		DFND	1,2	72,293	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	22,538	150,448	SH		DFND	1,2	150,448	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	94	902	SH		DFND	1,2	902	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	19,442	138,446	SH		DFND	1,2	138,446	0	0
VERIFONE SYS INC	COM	92342Y109	7,440	326,048	SH		DFND	1,2	326,048	0	0
VERINT SYS INC	COM	92343X100	2,277	51,348	SH		DFND	1,2	51,348	0	0
VERITIV CORP	COM	923454102	2,224	55,802	SH		DFND	1,2	55,802	0	0
VIAD CORP	COM NEW	92552R406	2,262	41,703	SH		DFND	1,2	41,703	0	0
VISTA OUTDOOR INC	COM	928377100	2,076	134,032	SH		DFND	1,2	134,032	0	0
WABASH NATL CORP	COM	929566107	1,961	105,112	SH		DFND	1,2	105,112	0	0
WALKER & DUNLOP INC	COM	93148P102	2,049	36,814	SH		DFND	1,2	36,814	0	0
WARRIOR MET COAL INC	COM	93627C101	302	10,953	SH		DFND	1,2	10,953	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,366	168,473	SH		DFND	1,2	168,473	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	2,149	70,845	SH		DFND	1,2	70,845	0	0
WATTS WATER TECHNOLOGIES INC	CL A	942749102	901	11,496	SH		DFND	1,2	11,496	0	0
WELLS FARGO CO NEW	COM	949746101	7,057	127,286	SH		DFND	1,2	127,286	0	0
WESCO AIRCRAFT HLDGS INC	COM	950814103	2,401	213,403	SH		DFND	1,2	213,403	0	0
WESCO INTL INC	COM	95082P105	2,013	35,252	SH		DFND	1,2	35,252	0	0
WESTERN ASSET MTG CAP CORP	COM	95790D105	379	36,362	SH		DFND	1,2	36,362	0	0
WHITESTONE REIT	COM	966084204	426	34,166	SH		DFND	1,2	34,166	0	0
WILLIAMS COS INC DEL	COM	969457100	147	5,439	SH		DFND	1,2	5,439	0	0
WINNEBAGO INDS INC	COM	974637100	2,362	58,176	SH		DFND	1,2	58,176	0	0
WISDOMTREE TR	EM LCL DEBT FD	97717X867	462	13,405	SH		DFND	1,2	13,405	0	0
WORLD FUEL SVCS CORP	COM	981475106	1,818	89,098	SH		DFND	1,2	89,098	0	0
XCERRA CORP	COM	98400J108	2,386	170,759	SH		DFND	1,2	170,759	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	2,360	96,894	SH		DFND	1,2	96,894	0	0
XYLEM INC	COM	98419M100	5,059	75,086	SH		DFND	1,2	75,086	0	0
YRC WORLDWIDE INC	COM PAR $.01	984249607	2,490	247,723	SH		DFND	1,2	247,723	0	0
ZYNGA INC	CL A	98986T108	2,432	597,646	SH		DFND	1,2	597,646	0	0