Daiwa Securities (DSECF) 13F-HR/A Quarterly holdings report by institutional manager (amended)

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

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACADIA RLTY TR	COM SH BEN INT	004239109	38	1,541	SH		DFND	3	1,541	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	30,041	1,216,721	SH		OTR	3	0	1,216,721	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	150	11,500	SH		DFND	3	11,500	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	15,832	1,216,917	SH		DFND	3	1,216,917	0	0
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	32	5,200	SH		DFND	3	5,200	0	0
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	2,477	398,300	SH		DFND	3	398,300	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	28	500	SH		DFND	3	500	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,581	32,000	SH		DFND	3	32,000	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	57	4,200	SH		DFND	3	4,200	0	0
BRASKEM S A	SP ADR PFD A	105532105	4	300	SH		DFND	3	300	0	0
BRASKEM S A	SP ADR PFD A	105532105	1,295	87,000	SH		DFND	3	87,000	0	0
BROWN FORMAN CORP	CL B	115637209	263	3,900	SH		DFND	3	3,900	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	111	6,600	SH		DFND	3	6,600	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	152	2,200	SH		DFND	3	2,200	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	96,734	1,399,108	SH		OTR	3	0	1,399,108	0
CARNIVAL CORP	PAIRED CTF	143658300	422	12,300	SH		DFND	3	12,300	0	0
CBS CORP	NEW CL B	124857202	908	18,571	SH		DFND	3	18,571	0	0
CELANESE CORP DEL	COM SER A	150870103	246	5,500	SH		DFND	3	5,500	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	53	5,016	SH		DFND	3	5,016	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	156	14,748	SH		DFND	3	14,748	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	14	1,000	SH		DFND	4,1,2	1,000	0	0
CENTRAIS ELETRICAS BRASILEIR	SPON ADR PFD B	15234Q108	4	1,000	SH		DFND	3	1,000	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	198	1,600	SH		DFND	3	1,600	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	27	1,300	SH		DFND	3	1,300	0	0
CHINA LIFE INS CO LTD	SPON ADR REP H	16939P106	1,446	40,648	SH		DFND	2	40,648	0	0
CHINA LIFE INS CO LTD	SPON ADR REP H	16939P106	296	8,500	SH		DFND	3	8,500	0	0
CHINA SOUTHN AIRLS LTD	SPON ADR CL H	169409109	55	2,700	SH		DFND	3	2,700	0	0
CHUNGHWA TELECOM CO LTD	SPON ADR NEW11	17133Q502	45	1,400	SH		DFND	3	1,400	0	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	28	200	SH		DFND	3	200	0	0
COLONIAL PPTYS TR	COM SH BEN INT	195872106	53	2,200	SH		DFND	3	2,200	0	0
COMCAST CORP NEW	CL A SPL	20030N200	591	14,900	SH		DFND	3	14,900	0	0
COMMONWEALTH REIT	COM SH BEN INT	203233101	73	3,175	SH		DFND	3	3,175	0	0
COMPANHIA DE BEBIDAS DAS AME	SPON ADR PFD	20441W203	105	2,800	SH		DFND	3	2,800	0	0
COMPANHIA DE BEBIDAS DAS AME	SPON ADR PFD	20441W203	3,287	88,000	SH		DFND	3	88,000	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	22	2,412	SH		DFND	3	2,412	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	5,881	655,591	SH		DFND	3	655,591	0	0
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	5	400	SH		DFND	3	400	0	0
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	553	44,500	SH		DFND	3	44,500	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	59	2,300	SH		DFND	3	2,300	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	99,774	3,912,688	SH		OTR	3	0	3,912,688	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	297	3,840	SH		DFND	3	3,840	0	0
DISCOVERY COMMUNICATNS NEW	COM SER C	25470F302	198	2,840	SH		DFND	3	2,840	0	0
DISNEY WALT CO	COM DISNEY	254687106	4,237	67,100	SH		DFND	3	67,100	0	0
DISNEY WALT CO	COM DISNEY	254687106	221	3,500	SH		OTR	3	0	3,500	0
EATON VANCE CORP	COM NON VTG	278265103	180	4,800	SH		DFND	3	4,800	0	0
ECOPETROL S A	SPONSORED ADS	279158109	55	1,300	SH		DFND	3	1,300	0	0
EPR PPTYS	COM SH BEN INT	26884U109	60	1,200	SH		DFND	3	1,200	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	1,121	19,300	SH		DFND	3	19,300	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	463,172	7,977,480	SH		OTR	3	0	7,977,480	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	404	3,900	SH		DFND	3	3,900	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	217,562	2,098,398	SH		OTR	3	0	2,098,398	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	83	800	SH		DFND	3	800	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	330	3,200	SH		DFND	3	3,200	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,688	109,123	SH		DFND	3	109,123	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	271	17,500	SH		OTR	3	0	17,500	0
GERDAU S A	SPON ADR REP PFD	373737105	22	3,800	SH		DFND	3	3,800	0	0
GERDAU S A	SPON ADR REP PFD	373737105	5,694	997,200	SH		DFND	3	997,200	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	41	3,800	SH		DFND	3	3,800	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	16,154	1,479,298	SH		OTR	3	0	1,479,298	0
GOL LINHAS AEREAS INTLG S A	SP ADR REP PFD	38045R107	36	10,600	SH		DFND	3	10,600	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	38	1,500	SH		DFND	3	1,500	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	15	300	SH		DFND	3	300	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	25	500	SH		DFND	3	500	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	22	200	SH		DFND	3	200	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	28	2,000	SH		DFND	3	2,000	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	26	4,600	SH		DFND	3	4,600	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	14,680	2,602,804	SH		OTR	3	0	2,602,804	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	97	3,700	SH		DFND	3	3,700	0	0
HSBC HLDGS PLC	SPON ADR NEW	404280406	246	4,691	SH		DFND	2	4,691	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	22	2,600	SH		DFND	3	2,600	0	0
ISHARES INC	MSCI BRAZIL CAPP	464286400	1,699	38,740	SH		DFND		38,740	0	0
ISHARES INC	MSCI CDA INDEX	464286509	5	200	SH		DFND	3	200	0	0
ISHARES INC	MSCI PAC J IDX	464286665	4	100	SH		DFND	3	100	0	0
ISHARES INC	MSCI UTD KINGD	464286699	177	10,000	SH		DFND	3	10,000	0	0
ISHARES INC	MSCI GERMAN	464286806	371	15,000	SH		DFND	3	15,000	0	0
ISHARES INC	MSCI MALAYSIA	464286830	4,988	320,830	SH		DFND		320,830	0	0
ISHARES TR	MSCI EMERG MKT	464287234	139	3,600	SH		DFND	3	3,600	0	0
ISHARES TR	JPMORGAN USD	464288281	110	1,001	SH		DFND	3	1,001	0	0
ISHARES TR	HIGH YLD CORP	464288513	88,354	972,200	SH		DFND	3	972,200	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	180	13,910	SH		DFND	3	13,910	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	18,930	1,465,164	SH		DFND	3	1,465,164	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	62	2,500	SH		DFND	3	2,500	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	80,735	3,268,638	SH		OTR	3	0	3,268,638	0
LG DISPLAY CO LTD	SPONS ADR REP	50186V102	25	2,100	SH		DFND	3	2,100	0	0
LIBERTY INTERACTIVE CORP INT	COM SER A	53071M104	406	17,650	SH		DFND	3	17,650	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	310	8,400	SH		DFND	3	8,400	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	128,106	3,466,080	SH		OTR	3	0	3,466,080	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	749	11,300	SH		DFND	3	11,300	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	274	3,900	SH		DFND	3	3,900	0	0
MOLSON COORS BREWING CO	CL B	60871R209	215	4,500	SH		DFND	3	4,500	0	0
NEWS CORP	CL B	65248E203	211	13,700	SH		DFND	3	13,700	0	0
NIKE INC	CL B	654106103	1,503	23,600	SH		DFND	3	23,600	0	0
NOBLE CORPORATION BAAR	NAMEN -AKT	H5833N103	327	8,700	SH		DFND	3	8,700	0	0
OI S.A.	SPN ADR REP PFD	670851203	3	1,900	SH		DFND	3	1,900	0	0
OI S.A.	SPN ADR REP PFD	670851203	877	487,000	SH		DFND	3	487,000	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	30	1,600	SH		DFND	3	1,600	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	88	6,000	SH		DFND	3	6,000	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	9,948	678,600	SH		DFND	3	678,600	0	0
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	30	1,200	SH		DFND	3	1,200	0	0
POWERSHARES GLOBAL ETF TRUST	EMER MRKT PORT	73936T763	498	26,000	SH		DFND	3	26,000	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	23	1,500	SH		DFND	3	1,500	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	13,477	867,812	SH		OTR	3	0	867,812	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	14	500	SH		DFND	3	500	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	130	5,000	SH		DFND	3	5,000	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	122,717	4,732,614	SH		OTR	3	0	4,732,614	0
SILICONWARE PRECISION INDS L	SPONSD ADR SPL	827084864	16	2,600	SH		DFND	3	2,600	0	0
SINOPEC SHANGHAI PETROCHEMIC	SPON ADR H	82935M109	13	400	SH		DFND	3	400	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	267	6,600	SH		DFND	3	6,600	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	65	1,600	SH		DFND	3	1,600	0	0
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	1,486	10,000	SH		DFND	3	10,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,829	11,400	SH		DFND	3	11,400	0	0
SPRINT NEXTEL CORP	COM SER 1	852061100	627	89,322	SH		DFND	3	89,322	0	0
STERLITE INDS INDIA LTD	ADS	859737207	36	6,200	SH		DFND	3	6,200	0	0
TURKCELL ILETISIM HIZMETLERI	SPON ADR NEW	900111204	34	2,400	SH		DFND	3	2,400	0	0
UNITED MICROELECTRONICS CORP	SPON ADR NEW	910873405	26	11,000	SH		DFND	3	11,000	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,911	22,100	SH		DFND	3	22,100	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	346	4,000	SH		OTR	3	0	4,000	0
UNITED STATES OIL FUND LP	UNITS	91232N108	171	5,000	SH		DFND	3	5,000	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	134	2,000	SH		OTR	3	0	2,000	0
VALE S A	ADR REPSTG PFD	91912E204	105	8,600	SH		DFND	3	8,600	0	0
VALE S A	ADR REPSTG PFD	91912E204	10,201	838,900	SH		DFND	3	838,900	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	23	600	SH		DFND	3	600	0	0
VIACOM INC	NEW CL B	92553P201	910	13,371	SH		DFND	3	13,371	0	0
VORNADO RLTY TR	SH BEN INT	929042109	760	9,169	SH		DFND	3	9,169	0	0
VORNADO RLTY TR	SH BEN INT	929042109	545,114	6,579,524	SH		OTR	3	0	6,579,524	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	48	1,800	SH		DFND	3	1,800	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	92	3,000	SH		DFND	3	3,000	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	182,491	5,930,801	SH		OTR	3	0	5,930,801	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	9	760	SH		DFND	3	760	0	0
WIPRO LTD	SPON ADR 1 SH	97651M109	16	2,196	SH		DFND	3	2,196	0	0
***ERROR:MISSING***	***MISSING***	739363AF6	1	5,320,000	PRN		DFND	4,1,2	5,320,000	0	0
***ERROR:MISSING***	***MISSING***	983919AF8	5,723	4,000,000	PRN		DFND	4,1,2	4,000,000	0	0
3M	COM	88579Y101	2,176	19,900	SH		DFND	3	19,900	0	0
ABBOTT	COM	002824100	1,629	46,700	SH		DFND	3	46,700	0	0
ABBVIE	COM	00287Y109	2,001	48,400	SH		DFND	3	48,400	0	0
ABBVIE	COM	00287Y109	198	4,800	SH		OTR	3	0	4,800	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	1,403	19,500	SH		DFND	3	19,500	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	72	1,000	SH		OTR	3	0	1,000	0
ACE	SHS	H0023R105	913	10,200	SH		DFND	3	10,200	0	0
ACTAVIS	COM	00507K103	467	3,700	SH		DFND	3	3,700	0	0
ACTIVISION BLIZZARD	COM	00507V109	214	15,000	SH		DFND	3	15,000	0	0
ADOBE SYS	COM	00724F101	702	15,400	SH		DFND	3	15,400	0	0
ADVANCE AUTO PARTS	COM	00751Y106	207	2,550	SH		DFND	3	2,550	0	0
ADVANCED SEMICONDUCTOR ENGR	ADR	00756M404	22	5,400	SH		DFND	3	5,400	0	0
AES	COM	00130H105	225	18,800	SH		DFND	3	18,800	0	0
AETNA INC	COM	00817Y108	729	11,473	SH		DFND	3	11,473	0	0
AFFILIATED MANAGERS	COM	008252108	230	1,400	SH		DFND	3	1,400	0	0
AFLAC	COM	001055102	814	14,000	SH		DFND	3	14,000	0	0
AGCO	COM	001084102	166	3,300	SH		DFND	3	3,300	0	0
AGILENT TECHNOLOGIES	COM	00846U101	466	10,890	SH		DFND	3	10,890	0	0
AGNICO EAGLE MINES	COM	008474108	826	30,000	SH		DFND	3	30,000	0	0
AGREE REALTY	COM	008492100	9	300	SH		DFND	3	300	0	0
AIR PRODS & CHEMS	COM	009158106	595	6,500	SH		DFND	3	6,500	0	0
AIRGAS	COM	009363102	210	2,200	SH		DFND	3	2,200	0	0
AIRTRAN HLDGS INC	NOTE 5.250%11/0	00949PAD0	989	700,000	PRN		DFND	1,2	700,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	213	5,000	SH		DFND	3	5,000	0	0
ALBEMARLE	COM	012653101	137	2,200	SH		DFND	3	2,200	0	0
ALCOA	COM	013817101	243	31,100	SH		DFND	3	31,100	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	125	1,900	SH		DFND	3	1,900	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	112,079	1,705,404	SH		OTR	3	0	1,705,404	0
ALEXION PHARMACEUTICALS	COM	015351109	581	6,300	SH		DFND	3	6,300	0	0
ALLEGHANY CORP	COM	017175100	153	400	SH		DFND	3	400	0	0
ALLERGAN	COM	018490102	767	9,100	SH		DFND	3	9,100	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	272	1,500	SH		DFND	3	1,500	0	0
ALLIANT ENERGY	COM	018802108	192	3,800	SH		DFND	3	3,800	0	0
ALLSTATE	COM	020002101	717	14,900	SH		DFND	3	14,900	0	0
ALTERA	COM	021441100	327	9,900	SH		DFND	3	9,900	0	0
ALTRIA GROUP	COM	02209S103	16,214	463,400	SH		DFND	3	463,400	0	0
ALUMINUM CORP CHINA LTD SPON ADR	SHS	022276109	23	2,900	SH		DFND	3	2,900	0	0
AMAZON COM	COM	023135106	3,110	11,200	SH		DFND	3	11,200	0	0
AMEREN	COM	023608102	265	7,700	SH		DFND	3	7,700	0	0
AMERESCO	CL A	02361E108	608	67,500	SH		DFND	3	67,500	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	113	5,200	SH		DFND	3	5,200	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	605	27,800	SH		DFND	3	27,800	0	0
AMERICAN ASSETS TR	COM	024013104	28	900	SH		DFND	3	900	0	0
AMERICAN ASSETS TR	COM	024013104	13,869	449,416	SH		OTR	3	0	449,416	0
AMERICAN CAMPUS CMNTYS	COM	024835100	113	2,768	SH		DFND	3	2,768	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	27,926	686,810	SH		OTR	3	0	686,810	0
AMERICAN CAPITAL AGENCY	COM	02503X105	278	12,100	SH		DFND	3	12,100	0	0
AMERICAN ELEC PWR	COM	025537101	694	15,500	SH		DFND	3	15,500	0	0
AMERICAN EXPRESS	COM	025816109	10,104	135,150	SH		DFND	3	135,150	0	0
AMERICAN EXPRESS	COM	025816109	179	2,400	SH		OTR	3	0	2,400	0
AMERICAN INTL GROUP	COM NEW	026874784	1,935	43,292	SH		DFND	3	43,292	0	0
AMERICAN INTL GROUP	COM NEW	026874784	5,096	114,000	SH		OTR	3	0	114,000	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	64	4,200	SH		DFND	3	4,200	0	0
AMERICAN TOWER CORP	COM	03027X100	915	12,500	SH		DFND	3	12,500	0	0
AMERICAN WTR WKS CO INC	COM	030420103	602	14,600	SH		DFND	3	14,600	0	0
AMERIPRISE FINL	COM	03076C106	498	6,160	SH		DFND	3	6,160	0	0
AMERIPRISE FINL	COM	03076C106	356	4,400	SH		OTR	3	0	4,400	0
AMERISOURCEBERGEN	COM	03073E105	413	7,400	SH		DFND	3	7,400	0	0
AMETEK INC	COM	031100100	326	7,700	SH		DFND	3	7,700	0	0
AMGEN	COM	031162100	2,259	22,900	SH		DFND	3	22,900	0	0
AMPHENOL CORP	CL A	032095101	390	5,000	SH		DFND	3	5,000	0	0
ANADARKO PETE	COM	032511107	1,341	15,600	SH		DFND	3	15,600	0	0
ANALOG DEVICES	COM	032654105	442	9,800	SH		DFND	3	9,800	0	0
ANGLOGOLD ASHANTI LTD	ADR	035128206	33	2,300	SH		DFND	3	2,300	0	0
ANNALY CAP MGMT	COM	035710409	352	28,000	SH		DFND	3	28,000	0	0
ANSYS	COM	03662Q105	168	2,300	SH		DFND	3	2,300	0	0
AON PLC	CL A	G0408V102	605	9,400	SH		DFND	3	9,400	0	0
APACHE	COM	037411105	1,007	12,010	SH		DFND	3	12,010	0	0
APACHE	COM	037411105	125	1,500	SH		DFND	4,1,2	1,500	0	0
APACHE	COM	037411105	159	1,900	SH		OTR	3	0	1,900	0
APARTMENT INVT & MGMT	CL A	03748R101	117	3,892	SH		DFND	3	3,892	0	0
APARTMENT INVT & MGMT	CL A	03748R101	183,117	6,095,787	SH		OTR	3	0	6,095,787	0
APPLE	COM	037833100	11,301	28,500	SH		DFND	3	28,500	0	0
APPLE	COM	037833100	486	1,225	SH		OTR	3	0	1,225	0
APPLIED MATLS	COM	038222105	761	51,000	SH		DFND	3	51,000	0	0
APPLIED MATLS	COM	038222105	12,343	827,300	SH		OTR	3	0	827,300	0
ARCELORMITTAL SA LUXEMBOURG	NOTE 5.000% 5/1	03938LAK0	3,374	3,300,000	PRN		DFND	2	3,374	0	0
ARCH CAP GROUP	ORD	G0450A105	247	4,800	SH		DFND	3	4,800	0	0
ARCHER DANIELS MIDLAND	COM	039483102	692	20,400	SH		DFND	3	20,400	0	0
ARES CAP CORP	NOTE 4.875% 3/1	04010LAG8	2,546	2,414,000	PRN		DFND	1,2	2,414,000	0	0
ARROW ELECTRS	COM	042735100	143	3,600	SH		DFND	3	3,600	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	19	1,700	SH		DFND	3	1,700	0	0
ASHLAND INC	COM	044209104	134	1,600	SH		DFND	3	1,600	0	0
ASSOCIATED ESTATES RLTY	COM	045604105	21	1,300	SH		DFND	3	1,300	0	0
ASSURANT	COM	04621X108	132	2,600	SH		DFND	3	2,600	0	0
AT&T	COM	00206R102	6,110	172,595	SH		DFND	3	172,595	0	0
AT&T	COM	00206R102	354	10,000	SH		OTR	3	0	10,000	0
AU OPTRONICS CORP	ADR	002255107	13	3,800	SH		DFND	3	3,800	0	0
AUTODESK	COM	052769106	251	7,400	SH		DFND	3	7,400	0	0
AUTOLIV	COM	052800109	248	3,200	SH		DFND	3	3,200	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	1,005	14,600	SH		DFND	3	14,600	0	0
AUTOZONE	COM	053332102	466	1,100	SH		DFND	3	1,100	0	0
AUXILIUM PHARMACEUTICALS INC	NOTE 1.500% 7/1	05334DAA5	2,786	2,900,000	PRN		DFND	1,2	2,900,000	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	314	8,400	SH		DFND	3	8,400	0	0
AVALONBAY CMNTYS	COM	053484101	913	6,769	SH		DFND	3	6,769	0	0
AVALONBAY CMNTYS	COM	053484101	164,817	1,221,684	SH		OTR	3	0	1,221,684	0
AVERY DENNISON	COM	053611109	128	3,000	SH		DFND	3	3,000	0	0
AVNET	COM	053807103	131	3,900	SH		DFND	3	3,900	0	0
AVON PRODS	COM	054303102	820	39,000	SH		DFND	3	39,000	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	174	3,800	SH		DFND	3	3,800	0	0
B/E AEROSPACE	COM	073302101	593	9,400	SH		DFND	3	9,400	0	0
BAKER HUGHES	COM	057224107	641	13,904	SH		DFND	3	13,904	0	0
BALL	COM	058498106	170	4,100	SH		DFND	3	4,100	0	0
BANCO DE CHILE	ADR	059520106	90	1,030	SH		DFND	3	1,030	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	22	900	SH		DFND	3	900	0	0
BANK NEW YORK MELLON	COM	064058100	5,870	209,271	SH		DFND	3	209,271	0	0
BANK OF AMERICA	COM	060505104	4,222	328,314	SH		DFND	3	328,314	0	0
BANK OF AMERICA	COM	060505104	219	17,000	SH		OTR	3	0	17,000	0
BARD C R	COM	067383109	250	2,300	SH		DFND	3	2,300	0	0
BAXTER INTL	COM	071813109	1,531	22,100	SH		DFND	3	22,100	0	0
BB&T	COM	054937107	735	21,700	SH		DFND	3	21,700	0	0
BEAM	COM	073730103	309	4,900	SH		DFND	3	4,900	0	0
BECTON DICKINSON &	COM	075887109	870	8,800	SH		DFND	3	8,800	0	0
BED BATH & BEYOND	COM	075896100	490	6,900	SH		DFND	3	6,900	0	0
BERKLEY W R	COM	084423102	172	4,200	SH		DFND	3	4,200	0	0
BEST BUY	COM	086516101	489	17,920	SH		DFND		17,920	0	0
BEST BUY	COM	086516101	221	8,100	SH		DFND	3	8,100	0	0
BGC PARTNERS INC	NOTE 4.500% 7/1	05541TAD3	1,461	1,447,000	PRN		DFND	1,2	1,447,000	0	0
BIOGEN IDEC	COM	09062X103	1,534	7,130	SH		DFND	3	7,130	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	212	3,800	SH		DFND	3	3,800	0	0
BIOMED REALTY TRUST	COM	09063H107	99	4,900	SH		DFND	3	4,900	0	0
BIOMED REALTY TRUST	COM	09063H107	59,810	2,956,487	SH		OTR	3	0	2,956,487	0
BLACKROCK	COM	09247X101	1,104	4,300	SH		DFND	3	4,300	0	0
BLACKROCK	COM	09247X101	205	800	SH		OTR	3	0	800	0
BLOCK H & R	COM	093671105	208	7,500	SH		DFND	3	7,500	0	0
BLOUNT INTL INC	COM	095180105	224	19,000	SH		DFND	4,1,2	19,000	0	0
BMC SOFTWARE	COM	055921100	176	3,900	SH		DFND	3	3,900	0	0
BOEING	COM	097023105	2,243	21,900	SH		DFND	3	21,900	0	0
BOEING	COM	097023105	3,022	29,500	SH		OTR	3	0	29,500	0
BORGWARNER	COM	099724106	284	3,300	SH		DFND	3	3,300	0	0
BOSTON PROPERTIES	COM	101121101	939	8,900	SH		DFND	3	8,900	0	0
BOSTON PROPERTIES	COM	101121101	245,995	2,332,366	SH		OTR	3	0	2,332,366	0
BOSTON SCIENTIFIC	COM	101137107	369	39,847	SH		DFND	3	39,847	0	0
BOTTOMLINE TECH DEL INC	NOTE 1.500%12/0	101388AA4	3,114	2,925,000	PRN		DFND	1,2	2,925,000	0	0
BRE PROPERTIES	CL A	05564E106	100	2,000	SH		DFND	3	2,000	0	0
BRE PROPERTIES	CL A	05564E106	136,416	2,727,223	SH		OTR	3	0	2,727,223	0
BRF SA	ADR	10552T107	59	2,700	SH		DFND	3	2,700	0	0
BRF SA	ADR	10552T107	11,100	511,300	SH		DFND	3	511,300	0	0
BRISTOL MYERS SQUIBB	COM	110122108	7,789	174,300	SH		DFND	3	174,300	0	0
BROADCOM	CL A	111320107	542	16,050	SH		DFND	3	16,050	0	0
BUNGE	COM	G16962105	333	4,700	SH		DFND	3	4,700	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	287	5,100	SH		DFND	3	5,100	0	0
CA	COM	12673P105	306	10,705	SH		DFND	3	10,705	0	0
CABOT OIL & GAS	COM	127097103	490	6,900	SH		DFND	3	6,900	0	0
CACI INTL INC	NOTE 2.125% 5/0	127190AD8	6,574	5,498,000	PRN		DFND	4,1,2	5,498,000	0	0
CALPINE	COM NEW	131347304	195	9,200	SH		DFND	3	9,200	0	0
CAMERON INTERNATIONAL	COM	13342B105	483	7,900	SH		DFND	3	7,900	0	0
CAMPBELL SOUP	COM	134429109	4,139	92,400	SH		DFND	3	92,400	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	18	1,600	SH		DFND	3	1,600	0	0
CAPITAL ONE FINL	COM	14040H105	1,077	17,154	SH		DFND	3	17,154	0	0
CAPLEASE	COM	140288101	20	2,400	SH		DFND	3	2,400	0	0
CARDINAL HEALTH	COM	14149Y108	486	10,300	SH		DFND	3	10,300	0	0
CAREFUSION	COM	14170T101	289	7,850	SH		DFND	3	7,850	0	0
CARMAX	COM	143130102	319	6,900	SH		DFND	3	6,900	0	0
CARMAX	COM	143130102	2,770	60,000	SH		OTR	3	0	60,000	0
CATERPILLAR INC	COM	149123101	2,095	25,400	SH		DFND	3	25,400	0	0
CBL & ASSOC PPTYS	COM	124830100	93	4,355	SH		DFND	3	4,355	0	0
CBRE GROUP	CL A	12504L109	220	9,400	SH		DFND	3	9,400	0	0
CEDAR REALTY TRUST	COM NEW	150602209	8	1,600	SH		DFND	3	1,600	0	0
CELGENE	COM	151020104	1,521	13,000	SH		DFND	3	13,000	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	24	1,600	SH		DFND	3	1,600	0	0
CENTERPOINT ENERGY	COM	15189T107	310	13,200	SH		DFND	3	13,200	0	0
CENTRAIS ELETRICAS BRASILEIR	ADR	15234Q207	3	1,200	SH		DFND	3	1,200	0	0
CENTURYLINK	COM	156700106	4,503	127,379	SH		DFND	3	127,379	0	0
CERNER	COM	156782104	211	4,400	SH		DFND	3	4,400	0	0
CF INDS HLDGS	COM	125269100	326	1,900	SH		DFND	3	1,900	0	0
CHART INDS INC	NOTE 2.000% 8/0	16115QAC4	9,050	6,000,000	PRN		DFND	4,1,2	6,000,000	0	0
CHATHAM LODGING	COM	16208T102	9	500	SH		DFND	3	500	0	0
CHEMED CORP	COM	16359R103	14	200	SH		DFND	1,2	200	0	0
CHESAPEAKE ENERGY	COM	165167107	359	17,600	SH		DFND	3	17,600	0	0
CHEVRON CORP	COM	166764100	17,895	151,218	SH		DFND	3	151,218	0	0
CHEVRON CORP	COM	166764100	556	4,700	SH		OTR	3	0	4,700	0
CHINA MOBILE LIMITED	ADR	16941M109	1,982	37,967	SH		DFND	2	37,967	0	0
CHINA MOBILE LIMITED	ADR	16941M109	233	4,500	SH		DFND	3	4,500	0	0
CHINA PETE & CHEM CORP SPON ADR	SHS	16941R108	123	1,748	SH		DFND	2	1,748	0	0
CHINA PETE & CHEM CORP SPON ADR	SHS	16941R108	70	1,000	SH		DFND	3	1,000	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	53	1,105	SH		DFND	2	1,105	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	24	500	SH		DFND	3	500	0	0
CHINA UNICOM (HONG KONG) LTD	ADR	16945R104	24	1,800	SH		DFND	3	1,800	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	364	1,000	SH		DFND	3	1,000	0	0
CHUBB	COM	171232101	686	8,100	SH		DFND	3	8,100	0	0
CHUBB	COM	171232101	135	1,600	SH		OTR	3	0	1,600	0
CHURCH & DWIGHT	COM	171340102	290	4,700	SH		DFND	3	4,700	0	0
CIENA	COM NEW	171779309	266	13,740	SH		DFND	1,2	13,740	0	0
CIGNA	COM	125509109	1,138	15,700	SH		DFND	3	15,700	0	0
CIMAREX ENERGY	COM	171798101	188	2,900	SH		DFND	3	2,900	0	0
CIMAREX ENERGY	COM	171798101	5,914	91,000	SH		OTR	3	0	91,000	0
CINCINNATI FINL	COM	172062101	212	4,615	SH		DFND	3	4,615	0	0
CINTAS	COM	172908105	146	3,200	SH		DFND	3	3,200	0	0
CISCO SYS	COM	17275R102	3,998	164,300	SH		DFND	3	164,300	0	0
CISCO SYS	COM	17275R102	438	18,000	SH		OTR	3	0	18,000	0
CIT GROUP	COM NEW	125581801	280	6,000	SH		DFND	3	6,000	0	0
CITIGROUP	COM NEW	172967424	4,572	95,303	SH		DFND	3	95,303	0	0
CITIGROUP	COM NEW	172967424	149	3,100	SH		OTR	3	0	3,100	0
CITRIX SYS	COM	177376100	338	5,600	SH		DFND	3	5,600	0	0
CLOROX CO	COM	189054109	333	4,000	SH		DFND	3	4,000	0	0
CME GROUP	COM	12572Q105	752	9,900	SH		DFND	3	9,900	0	0
CMS ENERGY	COM	125896100	193	7,100	SH		DFND	3	7,100	0	0
CNOOC LTD	ADR	126132109	964	5,682	SH		DFND	2	5,682	0	0
CNOOC LTD	ADR	126132109	151	900	SH		DFND	3	900	0	0
COACH	COM	189754104	554	9,700	SH		DFND	3	9,700	0	0
COACH	COM	189754104	177	3,100	SH		OTR	3	0	3,100	0
COBALT INTL ENERGY	COM	19075F106	210	7,900	SH		DFND	3	7,900	0	0
COBALT INTL ENERGY INC	NOTE 2.625%12/0	19075FAA4	2,643	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
COCA COLA	COM	191216100	5,611	139,900	SH		DFND	3	139,900	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	383	10,900	SH		DFND	3	10,900	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	601	9,600	SH		DFND	3	9,600	0	0
COLGATE PALMOLIVE	COM	194162103	1,621	28,300	SH		DFND	3	28,300	0	0
COMCAST CORP	CL A	20030N101	8,879	212,670	SH		DFND	3	212,670	0	0
COMERICA	COM	200340107	251	6,300	SH		DFND	3	6,300	0	0
COMMONWEALTH REIT	6.50% PFD CUM CO	203233408	38,703	1,679,073	SH		OTR	3	0	1,679,073	0
COMMONWEALTH REIT	CV PFD-E 7.25%	203233606	40,035	1,595,000	SH		OTR	3	0	1,595,000	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	23	500	SH		DFND	3	500	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	3,322	73,078	SH		DFND	3	73,078	0	0
COMPANHIA DE BEBIDAS DAS AME	ADR	20441W104	22	600	SH		DFND	3	600	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	16	1,500	SH		DFND	3	1,500	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	9,856	946,800	SH		DFND	3	946,800	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	9	3,200	SH		DFND	3	3,200	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	525	189,500	SH		DFND	3	189,500	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	6	200	SH		DFND	3	200	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	57	2,000	SH		DFND	3	2,000	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	12	800	SH		DFND	3	800	0	0
COMPUTER SCIENCES	COM	205363104	201	4,600	SH		DFND	3	4,600	0	0
CONAGRA FOODS	COM	205887102	444	12,700	SH		DFND	3	12,700	0	0
CONCHO RES	COM	20605P101	243	2,900	SH		DFND	3	2,900	0	0
CONOCOPHILLIPS	COM	20825C104	2,075	34,300	SH		DFND	3	34,300	0	0
CONSOL ENERGY	COM	20854P109	192	7,100	SH		DFND	3	7,100	0	0
CONSOLIDATED EDISON	COM	209115104	519	8,900	SH		DFND	3	8,900	0	0
CONSTELLATION BRANDS	CL A	21036P108	276	5,300	SH		DFND	3	5,300	0	0
CONTINENTAL RESOURCES	COM	212015101	103	1,200	SH		DFND	3	1,200	0	0
CORE LABORATORIES N	COM	N22717107	182	1,200	SH		DFND	3	1,200	0	0
CORESITE RLTY	COM	21870Q105	16	500	SH		DFND	3	500	0	0
CORNERSTONE ONDEMAND	COM	21925Y103	1,075	24,833	SH		DFND	1,2	24,833	0	0
CORNING	COM	219350105	622	43,700	SH		DFND	3	43,700	0	0
CORNING	COM	219350105	171	12,000	SH		OTR	3	0	12,000	0
CORPBANCA	ADR	21987A209	9	500	SH		DFND	3	500	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	103	3,035	SH		DFND	3	3,035	0	0
COSAN	SHS A	G25343107	501	31,000	SH		DFND	3	31,000	0	0
COSTCO WHSL CORP	COM	22160K105	1,581	14,300	SH		DFND	3	14,300	0	0
COUSINS PPTYS	COM	222795106	30	2,963	SH		DFND	3	2,963	0	0
COUSINS PPTYS	COM	222795106	936	92,714	SH		OTR	3	0	92,714	0
COVANTA HLDG	COM	22282E102	240	12,000	SH		DFND	3	12,000	0	0
COVANTA HLDG CORP	NOTE 3.250% 6/0	22282EAC6	16,120	12,477,000	PRN		DFND	4,1,2	12,477,000	0	0
COVIDIEN	SHS	G2554F113	5,043	88,225	SH		DFND	3	88,225	0	0
COVIDIEN	SHS	G2554F113	166	2,900	SH		OTR	3	0	2,900	0
CPFL ENERGIA S A	ADR	126153105	9	500	SH		DFND	3	500	0	0
CPFL ENERGIA S A	ADR	126153105	836	45,700	SH		DFND	3	45,700	0	0
CREE	COM	225447101	906	14,200	SH		DFND	3	14,200	0	0
CROWN CASTLE INTL	COM	228227104	652	9,000	SH		DFND	3	9,000	0	0
CROWN HOLDINGS	COM	228368106	185	4,500	SH		DFND	3	4,500	0	0
CSX	COM	126408103	881	38,000	SH		DFND	3	38,000	0	0
CUBESMART	COM	229663109	51	3,200	SH		DFND	3	3,200	0	0
CUBESMART	COM	229663109	76,953	4,815,578	SH		OTR	3	0	4,815,578	0
CUMMINS	COM	231021106	6,063	55,900	SH		DFND	3	55,900	0	0
CVS CAREMARK	COM	126650100	2,234	39,074	SH		DFND	3	39,074	0	0
CVS CAREMARK	COM	126650100	395	6,900	SH		OTR	3	0	6,900	0
D R HORTON	COM	23331A109	6,211	291,866	SH		DFND	3	291,866	0	0
D R HORTON INC	NOTE 2.000% 5/1	23331ABB4	16,644	10,000,000	PRN		DFND	4,1,2	10,000,000	0	0
DANAHER CORP	COM	235851102	1,760	27,800	SH		DFND	3	27,800	0	0
DARDEN RESTAURANTS	COM	237194105	207	4,100	SH		DFND	3	4,100	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	314	2,600	SH		DFND	3	2,600	0	0
DCT INDUSTRIAL TRUST	COM	233153105	54	7,600	SH		DFND	3	7,600	0	0
DCT INDUSTRIAL TRUST	COM	233153105	10,412	1,456,230	SH		OTR	3	0	1,456,230	0
DDR	COM	23317H102	109	6,558	SH		DFND	3	6,558	0	0
DDR	COM	23317H102	231,385	13,896,971	SH		OTR	3	0	13,896,971	0
DEERE &	COM	244199105	886	10,900	SH		DFND	3	10,900	0	0
DEERE &	COM	244199105	171	2,100	SH		OTR	3	0	2,100	0
DELL	COM	24702R101	617	46,300	SH		DFND	3	46,300	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	456	9,000	SH		DFND	3	9,000	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	4,537	89,500	SH		OTR	3	0	89,500	0
DENBURY RES	COM NEW	247916208	229	13,200	SH		DFND	3	13,200	0	0
DENTSPLY INTL INC	COM	249030107	201	4,900	SH		DFND	3	4,900	0	0
DEVELOPERS DIVERSIFIED RLTY	NOTE 1.750%11/1	251591AX1	12,859	11,000,000	PRN		DFND	4,1,2	11,000,000	0	0
DEVON ENERGY CORP	COM	25179M103	628	12,100	SH		DFND	3	12,100	0	0
DEVON ENERGY CORP	COM	25179M103	9,131	176,000	SH		OTR	3	0	176,000	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	186	2,700	SH		DFND	3	2,700	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	50	5,342	SH		DFND	3	5,342	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	101,014	10,838,379	SH		OTR	3	0	10,838,379	0
DICKS SPORTING GOODS	COM	253393102	115	2,300	SH		DFND	3	2,300	0	0
DIGITAL RLTY TR	COM	253868103	433	7,100	SH		DFND	3	7,100	0	0
DIGITAL RLTY TR	COM	253868103	150,149	2,461,459	SH		OTR	3	0	2,461,459	0
DIRECTV	COM	25490A309	1,059	17,183	SH		DFND	3	17,183	0	0
DISCOVER FINL	COM	254709108	796	16,700	SH		DFND	3	16,700	0	0
DISH NETWORK	CL A	25470M109	281	6,600	SH		DFND	3	6,600	0	0
DOLLAR GEN CORP	COM	256677105	459	9,100	SH		DFND	3	9,100	0	0
DOLLAR TREE	COM	256746108	371	7,300	SH		DFND	3	7,300	0	0
DOMINION RES INC VA	COM	25746U109	1,006	17,700	SH		DFND	3	17,700	0	0
DOUGLAS EMMETT	COM	25960P109	87	3,500	SH		DFND	3	3,500	0	0
DOUGLAS EMMETT	COM	25960P109	100,414	4,024,609	SH		OTR	3	0	4,024,609	0
DOVER	COM	260003108	412	5,300	SH		DFND	3	5,300	0	0
DOW CHEM	COM	260543103	1,303	40,500	SH		DFND	3	40,500	0	0
DOW CHEM	COM	260543103	129	4,000	SH		OTR	3	0	4,000	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	277	6,024	SH		DFND	3	6,024	0	0
DR REDDYS LABS	ADR	256135203	83	2,200	SH		DFND	3	2,200	0	0
DRESSER-RAND GROUP	COM	261608103	2,699	45,000	SH		OTR	3	0	45,000	0
DTE ENERGY	COM	233331107	395	5,900	SH		DFND	3	5,900	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,953	37,200	SH		DFND	3	37,200	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,429	21,166	SH		DFND	3	21,166	0	0
DUKE REALTY	COM NEW	264411505	259	16,600	SH		DFND	3	16,600	0	0
DUKE REALTY	COM NEW	264411505	157,660	10,112,894	SH		OTR	3	0	10,112,894	0
DUN & BRADSTREET CORP DEL	COM	26483E100	146	1,500	SH		DFND	3	1,500	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	41	1,700	SH		DFND	3	1,700	0	0
E M C CORP	COM	268648102	1,554	65,800	SH		DFND	3	65,800	0	0
E M C CORP MASS	NOTE 1.750%12/0	268648AM4	10,226	6,923,000	PRN		DFND	4,1,2	6,923,000	0	0
EASTGROUP PPTY	COM	277276101	45	800	SH		DFND	3	800	0	0
EASTMAN CHEM	COM	277432100	1,008	14,400	SH		DFND	3	14,400	0	0
EATON CORP	SHS	G29183103	1,175	17,848	SH		DFND	3	17,848	0	0
EBAY	COM	278642103	1,857	35,900	SH		DFND	3	35,900	0	0
ECOLAB	COM	278865100	690	8,100	SH		DFND	3	8,100	0	0
EDISON	COM	281020107	462	9,600	SH		DFND	3	9,600	0	0
EDUCATION RLTY TR	COM	28140H104	32	3,100	SH		DFND	3	3,100	0	0
EDWARDS LIFESCIENCES	COM	28176E108	235	3,500	SH		DFND	3	3,500	0	0
ELECTRONIC ARTS	COM	285512109	193	8,400	SH		DFND	3	8,400	0	0
EMBOTELLADORA ANDINA S A	SPON ADR B	29081P303	7	200	SH		DFND	3	200	0	0
EMBRAER S A SP ADR REP	COM	29082A107	44	1,200	SH		DFND	3	1,200	0	0
EMBRAER S A SP ADR REP	COM	29082A107	5,611	152,100	SH		DFND	3	152,100	0	0
EMERSON ELEC	COM	291011104	1,554	28,500	SH		DFND	3	28,500	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	22	500	SH		DFND	3	500	0	0
ENERGEN	COM	29265N108	110	2,100	SH		DFND	3	2,100	0	0
ENERGIZER HLDGS	COM	29266R108	191	1,900	SH		DFND	3	1,900	0	0
ENERNOC	COM	292764107	186	14,000	SH		DFND	3	14,000	0	0
ENERSIS S A	ADR	29274F104	28	1,700	SH		DFND	3	1,700	0	0
ENERSIS S A	ADR	29274F104	87	5,300	SH		DFND	3	5,300	0	0
ENPRO INDS INC	DBCV 3.938%10/1	29355XAB3	10,294	6,500,000	PRN		DFND	4,1,2	6,500,000	0	0
ENSCO PLC	CLASS A	G3157S106	442	7,600	SH		DFND	3	7,600	0	0
ENTERGY CORP	COM	29364G103	362	5,200	SH		DFND	3	5,200	0	0
EOG RES	COM	26875P101	1,080	8,200	SH		DFND	3	8,200	0	0
EPR PPTYS	CONV PFD 9% SR E	26884U307	64	2,000	SH		OTR	3	0	2,000	0
EQT	COM	26884L109	373	4,700	SH		DFND	3	4,700	0	0
EQUIFAX	COM	294429105	177	3,000	SH		DFND	3	3,000	0	0
EQUINIX	COM NEW	29444U502	277	1,500	SH		DFND	3	1,500	0	0
EQUITY	COM	294752100	38	1,700	SH		DFND	3	1,700	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	79	1,000	SH		DFND	3	1,000	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	13,445	171,081	SH		OTR	3	0	171,081	0
ESSEX PPTY TR	COM	297178105	159	1,000	SH		DFND	3	1,000	0	0
ESSEX PPTY TR	COM	297178105	173,162	1,089,618	SH		OTR	3	0	1,089,618	0
EVEREST RE GROUP	COM	G3223R108	205	1,600	SH		DFND	3	1,600	0	0
EXCEL TR	COM	30068C109	17	1,300	SH		DFND	3	1,300	0	0
EXELON	COM	30161N101	788	25,526	SH		DFND	3	25,526	0	0
EXPEDIA INC	COM NEW	30212P303	185	3,075	SH		DFND	3	3,075	0	0
EXPEDITORS INTL WASH	COM	302130109	228	6,000	SH		DFND	3	6,000	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	1,528	24,745	SH		DFND	3	24,745	0	0
EXTRA SPACE STORAGE	COM	30225T102	113	2,700	SH		DFND	3	2,700	0	0
EXTRA SPACE STORAGE	COM	30225T102	2	95	SH		DFND	4,1,2	95	0	0
EXTRA SPACE STORAGE	COM	30225T102	152,189	3,629,596	SH		OTR	3	0	3,629,596	0
EXXON MOBIL	COM	30231G102	12,430	137,581	SH		DFND	3	137,581	0	0
EXXON MOBIL	COM	30231G102	443	4,900	SH		OTR	3	0	4,900	0
F M C	COM NEW	302491303	269	4,400	SH		DFND	3	4,400	0	0
F5 NETWORKS	COM	315616102	172	2,500	SH		DFND	3	2,500	0	0
FACEBOOK	CL A	30303M102	3,653	146,952	SH		DFND		146,952	0	0
FACEBOOK	CL A	30303M102	1,189	47,800	SH		DFND	3	47,800	0	0
FAMILY DLR STORES	COM	307000109	187	3,000	SH		DFND	3	3,000	0	0
FAMILY DLR STORES	COM	307000109	3,988	64,000	SH		OTR	3	0	64,000	0
FASTENAL	COM	311900104	930	20,300	SH		DFND	3	20,300	0	0
FEDEX	COM	31428X106	1,498	15,200	SH		DFND	3	15,200	0	0
FEDEX	COM	31428X106	10,213	103,600	SH		OTR	3	0	103,600	0
FELCOR LODGING TR	COM	31430F101	18	3,100	SH		DFND	3	3,100	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	12	1,100	SH		DFND	3	1,100	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	3,095	279,100	SH		DFND	3	279,100	0	0
FIDELITY NATIONAL	CL A	31620R105	160	6,738	SH		DFND	3	6,738	0	0
FIDELITY NATL INFORMATION	COM	31620M106	357	8,329	SH		DFND	3	8,329	0	0
FIFTH THIRD	COM	316773100	511	28,300	SH		DFND	3	28,300	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	39	2,600	SH		DFND	3	2,600	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	79,764	5,258,011	SH		OTR	3	0	5,258,011	0
FIRST POTOMAC RLTY	COM	33610F109	20	1,500	SH		DFND	3	1,500	0	0
FIRST SOLAR	COM	336433107	202	4,500	SH		DFND	3	4,500	0	0
FIRSTENERGY	COM	337932107	479	12,835	SH		DFND	3	12,835	0	0
FISERV	COM	337738108	385	4,400	SH		DFND	3	4,400	0	0
FLEXTRONICS INTL	ORD	Y2573F102	221	28,500	SH		DFND	3	28,500	0	0
FLIR SYS	COM	302445101	162	6,000	SH		DFND	3	6,000	0	0
FLOWSERVE	COM	34354P105	243	4,500	SH		DFND	3	4,500	0	0
FLUOR CORP	COM	343412102	297	5,000	SH		DFND	3	5,000	0	0
FMC TECHNOLOGIES	COM	30249U101	434	7,800	SH		DFND	3	7,800	0	0
FORD MTR CO DEL	NOTE 4.250%12/1	345370CF5	10,005	5,650,000	PRN		DFND	4,1,2	5,650,000	0	0
FOREST LABS	COM	345838106	299	7,300	SH		DFND	3	7,300	0	0
FOSSIL GROUP	COM	34988V106	176	1,700	SH		DFND	3	1,700	0	0
FRANKLIN RES	COM	354613101	571	4,200	SH		DFND	3	4,200	0	0
FRANKLIN RES	COM	354613101	4,353	32,000	SH		OTR	3	0	32,000	0
FRANKLIN STREET PPTYS	COM	35471R106	28	2,100	SH		DFND	3	2,100	0	0
FREEPORT-MCMORAN COPPER &	COM	35671D857	853	30,908	SH		DFND	3	30,908	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	137	33,763	SH		DFND	3	33,763	0	0
FUSION-IO	COM	36112J107	14	1,000	SH		DFND	3	1,000	0	0
GAFISA S A	ADR	362607301	1,386	552,000	SH		DFND	3	552,000	0	0
GAMESTOP CORP	CL A	36467W109	126	3,000	SH		DFND	3	3,000	0	0
GAP INC	COM	364760108	405	9,700	SH		DFND	3	9,700	0	0
GARMIN	SHS	H2906T109	123	3,400	SH		DFND	3	3,400	0	0
GENERAL DYNAMICS	COM	369550108	744	9,500	SH		DFND	3	9,500	0	0
GENERAL DYNAMICS	COM	369550108	227	2,900	SH		OTR	3	0	2,900	0
GENERAL ELECTRIC	COM	369604103	17,056	735,500	SH		DFND	3	735,500	0	0
GENERAL ELECTRIC	COM	369604103	443	19,100	SH		OTR	3	0	19,100	0
GENERAL GROWTH PPTYS INC	COM	370023103	540	27,178	SH		DFND	3	27,178	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	338,989	17,060,333	SH		OTR	3	0	17,060,333	0
GENERAL MLS	COM	370334104	927	19,100	SH		DFND	3	19,100	0	0
GENERAL MTRS	COM	37045V100	753	22,600	SH		DFND	3	22,600	0	0
GENERAL MTRS	COM	37045V100	15,766	473,300	SH		OTR	3	0	473,300	0
GENUINE PARTS	COM	372460105	383	4,900	SH		DFND	3	4,900	0	0
GEO GROUP	COM	36159R103	65	1,900	SH		DFND	3	1,900	0	0
GETTY RLTY CORP	COM	374297109	14	700	SH		DFND	3	700	0	0
GIANT INTERACTIVE GROUP	ADR	374511103	88	11,000	SH		DFND	3	11,000	0	0
GILEAD SCIENCES	COM	375558103	225	4,400	SH		DFND	1,2	4,400	0	0
GILEAD SCIENCES	COM	375558103	2,405	46,900	SH		DFND	3	46,900	0	0
GILEAD SCIENCES INC	NOTE 1.625% 5/0	375558AP8	16,998	7,500,000	PRN		DFND	4,1,2	7,500,000	0	0
GLADSTONE COML	COM	376536108	6	300	SH		DFND	3	300	0	0
GNC HLDGS INC	CL A	36191G107	97	2,200	SH		DFND	3	2,200	0	0
GOLD FIELDS LTD NEW	ADR	38059T106	23	4,400	SH		DFND	3	4,400	0	0
GOLDCORP INC	COM	380956409	866	35,000	SH		DFND	3	35,000	0	0
GOLDEN STAR RES LTD	COM	38119T104	84	200,000	SH		DFND	3	200,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	6,337	41,900	SH		DFND	3	41,900	0	0
GOLDMAN SACHS GROUP	COM	38141G104	166	1,100	SH		OTR	3	0	1,100	0
GOOGLE	CL A	38259P508	8,592	9,760	SH		DFND	3	9,760	0	0
GRAINGER W W	COM	384802104	479	1,900	SH		DFND	3	1,900	0	0
GREEN MTN COFFEE ROASTERS	COM	393122106	278	3,700	SH		DFND	3	3,700	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	183	7,000	SH		DFND	3	7,000	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	107	4,300	SH		DFND	3	4,300	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	156	6,300	SH		DFND	3	6,300	0	0
GSI GROUP INC CDA	COM NEW	36191C205	6,120	761,317	SH		DFND		761,317	0	0
HALLIBURTON	COM	406216101	1,181	28,300	SH		DFND	3	28,300	0	0
HANESBRANDS	COM	410345102	144	2,800	SH		OTR	3	0	2,800	0
HARLEY DAVIDSON	COM	412822108	389	7,100	SH		DFND	3	7,100	0	0
HARMONY GOLD MNG LTD	ADR	413216300	9	2,300	SH		DFND	3	2,300	0	0
HARRIS CORP	COM	413875105	167	3,400	SH		DFND	3	3,400	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	433	14,000	SH		DFND	3	14,000	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	186	6,000	SH		OTR	3	0	6,000	0
HASBRO	COM	418056107	175	3,900	SH		DFND	3	3,900	0	0
HAWAIIAN HOLDINGS INC	NOTE 5.000% 3/1	419879AD3	2,724	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
HCA HOLDINGS	COM	40412C101	285	7,900	SH		DFND	3	7,900	0	0
HCP	COM	40414L109	1,186	26,100	SH		DFND	3	26,100	0	0
HCP	COM	40414L109	356,243	7,839,861	SH		OTR	3	0	7,839,861	0
HDFC BANK LTD ADR REPS	SHS	40415F101	326	9,000	SH		DFND	3	9,000	0	0
HEALTH CARE REIT	COM	42217K106	1,106	16,500	SH		DFND	3	16,500	0	0
HEALTH CARE REIT	COM	42217K106	363,149	5,417,714	SH		OTR	3	0	5,417,714	0
HEALTH NET	COM	42222G108	6,459	203,000	SH		OTR	3	0	203,000	0
HEALTHCARE RLTY	COM	421946104	61	2,400	SH		DFND	3	2,400	0	0
HEALTHCARE TR AMER	CL A	42225P105	17	1,500	SH		DFND	3	1,500	0	0
HEALTHCARE TR AMER	CL A	42225P105	1,466	130,543	SH		OTR	3	0	130,543	0
HELMERICH & PAYNE	COM	423452101	194	3,100	SH		DFND	3	3,100	0	0
HERBALIFE LTD COM	SHS	G4412G101	135	3,000	SH		DFND	3	3,000	0	0
HERSHEY	COM	427866108	446	5,000	SH		DFND	3	5,000	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	305	12,300	SH		DFND	3	12,300	0	0
HESS	COM	42809H107	618	9,300	SH		DFND	3	9,300	0	0
HEWLETT PACKARD	COM	428236103	8,405	338,900	SH		DFND	3	338,900	0	0
HEXCEL CORP	COM	428291108	770	22,600	SH		DFND	3	22,600	0	0
HIGHWOODS PPTYS	COM	431284108	78	2,200	SH		DFND	3	2,200	0	0
HIGHWOODS PPTYS	COM	431284108	69,805	1,960,267	SH		OTR	3	0	1,960,267	0
HOLLYFRONTIER	COM	436106108	270	6,300	SH		DFND	3	6,300	0	0
HOLOGIC	COM	436440101	158	8,200	SH		DFND	3	8,200	0	0
HOLOGIC INC	FRNT 2.000%12/1	436440AG6	4,165	4,060,000	PRN		DFND	1,2	4,060,000	0	0
HOME DEPOT	COM	437076102	3,502	45,200	SH		DFND	3	45,200	0	0
HOME PROPERTIES	COM	437306103	92	1,400	SH		DFND	3	1,400	0	0
HOME PROPERTIES	COM	437306103	117,946	1,804,279	SH		OTR	3	0	1,804,279	0
HONEYWELL INTL	COM	438516106	2,761	34,800	SH		DFND	3	34,800	0	0
HORMEL FOODS	COM	440452100	139	3,600	SH		DFND	3	3,600	0	0
HORNBECK OFFSHORE SVCS INC N	FRNT 1.625%11/1	440543AE6	2,807	2,426,000	PRN		DFND	1,2	2,426,000	0	0
HOSPIRA	COM	441060100	196	5,120	SH		DFND	3	5,120	0	0
HOST HOTELS & RESORTS	COM	44107P104	702	41,608	SH		DFND	3	41,608	0	0
HOST HOTELS & RESORTS	COM	44107P104	523,225	31,015,106	SH		OTR	3	0	31,015,106	0
HUANENG PWR INTL INC SPON ADR	SHS	443304100	50	1,300	SH		DFND	3	1,300	0	0
HUDSON CITY	COM	443683107	172	18,700	SH		DFND	3	18,700	0	0
HUDSON PAC PPTYS	COM	444097109	26	1,200	SH		DFND	3	1,200	0	0
HUDSON PAC PPTYS	COM	444097109	12,213	573,920	SH		OTR	3	0	573,920	0
HUMANA	COM	444859102	439	5,200	SH		DFND	3	5,200	0	0
HUNT J B TRANS SVCS	COM	445658107	202	2,800	SH		DFND	3	2,800	0	0
ICICI BK	ADR	45104G104	279	7,300	SH		DFND	3	7,300	0	0
ICICI BK	ADR	45104G104	7,956	208,000	SH		DFND	3	208,000	0	0
IHS	CL A	451734107	146	1,400	SH		DFND	3	1,400	0	0
ILLINOIS TOOL WKS	COM	452308109	899	13,000	SH		DFND	3	13,000	0	0
ILLINOIS TOOL WKS	COM	452308109	4,600	66,500	SH		OTR	3	0	66,500	0
ILLUMINA	COM	452327109	3	41	SH		DFND	1,2	41	0	0
ILLUMINA	COM	452327109	269	3,600	SH		DFND	3	3,600	0	0
INFOSYS LTD	ADR	456788108	82	2,000	SH		DFND	3	2,000	0	0
INFOSYS LTD	ADR	456788108	1,524	37,000	SH		DFND	3	37,000	0	0
INGERSOLL-RAND	SHS	G47791101	502	9,044	SH		DFND	3	9,044	0	0
INLAND REAL ESTATE	COM NEW	457461200	22	2,200	SH		DFND	3	2,200	0	0
INTEGRYS ENERGY GROUP	COM	45822P105	129	2,200	SH		DFND	3	2,200	0	0
INTEL	COM	458140100	3,671	151,500	SH		DFND	3	151,500	0	0
INTEL	COM	458140100	13,632	562,600	SH		OTR	3	0	562,600	0
INTERCONTINENTALEXCHANGE	COM	45865V100	391	2,200	SH		DFND	3	2,200	0	0
INTERNATIONAL	COM	459506101	150	2,000	SH		DFND	3	2,000	0	0
INTERNATIONAL	COM	459506101	1,255	16,700	SH		OTR	3	0	16,700	0
INTERNATIONAL BUSINESS	COM	459200101	19,856	103,900	SH		DFND	3	103,900	0	0
INTERNATIONAL BUSINESS	COM	459200101	363	1,900	SH		OTR	3	0	1,900	0
INTERNATIONAL GAME	COM	459902102	145	8,700	SH		DFND	3	8,700	0	0
INTERPUBLIC GROUP COS	COM	460690100	164	11,300	SH		DFND	3	11,300	0	0
INTERXION HOLDING	SHS	N47279109	65	2,500	SH		DFND	3	2,500	0	0
INTL PAPER	COM	460146103	6,540	147,600	SH		DFND	3	147,600	0	0
INTUIT	COM	461202103	543	8,900	SH		DFND	3	8,900	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	607	1,200	SH		DFND	3	1,200	0	0
INVESCO	SHS	G491BT108	437	13,750	SH		DFND	3	13,750	0	0
IRON MTN	COM	462846106	130	4,877	SH		DFND	3	4,877	0	0
ISTAR FINL INC	NOTE 3.000%11/1	45031UBR1	1,282	1,075,000	PRN		DFND	1,2	1,075,000	0	0
ITC HLDGS	COM	465685105	520	5,700	SH		DFND	3	5,700	0	0
ITRON	COM	465741106	420	9,900	SH		DFND	3	9,900	0	0
JACOBS ENGR GROUP INC	COM	469814107	270	4,900	SH		DFND	3	4,900	0	0
JAKKS PAC	COM	47012E106	11	750	SH		DFND	4,1,2	750	0	0
JAKKS PAC	COM	47012E106	5	750	SH		DFND	4,1,2	750	0	0
JAKKS PAC INC	NOTE 4.500%11/0	47012EAD8	2,421	2,410,000	PRN		DFND	4,1,2	2,410,000	0	0
JAMES RIVER COAL	COM NEW	470355207	29	500	SH		DFND	4,1,2	500	0	0
JAMES RIVER COAL CO	NOTE 3.125% 3/1	470355AH1	1,553	6,612,000	PRN		DFND	4,1,2	6,612,000	0	0
JEFFERIES GROUP INC NEW	DBCV 3.875%11/0	472319AG7	164	153,000	PRN		DFND	1,2	153,000	0	0
JETBLUE AIRWAYS	COM	477143101	26	5,267	SH		DFND	4,1,2	5,267	0	0
JETBLUE AIRWAYS CORP	DBCV 6.750%10/1	477143AF8	12,813	9,113,000	PRN		DFND	4,1,2	9,113,000	0	0
JOHNSON &	COM	478160104	7,530	87,700	SH		DFND	3	87,700	0	0
JOHNSON &	COM	478160104	180	2,100	SH		OTR	3	0	2,100	0
JOHNSON CTLS	COM	478366107	755	21,100	SH		DFND	3	21,100	0	0
JOY GLOBAL	COM	481165108	150	3,100	SH		DFND	3	3,100	0	0
JOY GLOBAL	COM	481165108	121	2,500	SH		DFND	4,1,2	2,500	0	0
JPMORGAN CHASE &	COM	46625H100	20,441	387,220	SH		DFND	3	387,220	0	0
JPMORGAN CHASE &	COM	46625H100	6,229	118,000	SH		OTR	3	0	118,000	0
JUNIPER NETWORKS	COM	48203R104	292	15,100	SH		DFND	3	15,100	0	0
KANSAS CITY	COM NEW	485170302	371	3,500	SH		DFND	3	3,500	0	0
KB FINANCIAL GROUP INC	ADR	48241A105	196	6,600	SH		DFND	3	6,600	0	0
KBR	COM	48242W106	150	4,600	SH		DFND	3	4,600	0	0
KELLOGG	COM	487836108	520	8,100	SH		DFND	3	8,100	0	0
KEYCORP	COM	493267108	337	30,500	SH		DFND	3	30,500	0	0
KILROY RLTY	COM	49427F108	106	2,000	SH		DFND	3	2,000	0	0
KILROY RLTY	COM	49427F108	196,898	3,714,365	SH		OTR	3	0	3,714,365	0
KIMBERLY CLARK	COM	494368103	1,117	11,500	SH		DFND	3	11,500	0	0
KIMCO RLTY	COM	49446R109	542	25,300	SH		DFND	3	25,300	0	0
KIMCO RLTY	COM	49446R109	346,359	16,162,358	SH		OTR	3	0	16,162,358	0
KINDER MORGAN INC	COM	49456B101	794	20,800	SH		DFND	3	20,800	0	0
KINDER MORGAN MANAGEMENT	SHS	49455U100	234	2,803	SH		DFND	3	2,803	0	0
KITE RLTY GROUP	COM	49803T102	13	2,100	SH		DFND	3	2,100	0	0
KLA-TENCOR	COM	482480100	290	5,200	SH		DFND	3	5,200	0	0
KOHLS	COM	500255104	318	6,300	SH		DFND	3	6,300	0	0
KOREA ELECTRIC PWR	ADR	500631106	93	8,200	SH		DFND	3	8,200	0	0
KRAFT FOODS GROUP	COM	50076Q106	995	17,803	SH		DFND	3	17,803	0	0
KROGER	COM	501044101	532	15,400	SH		DFND	3	15,400	0	0
KT CORP	ADR	48268K101	16	1,000	SH		DFND	3	1,000	0	0
L BRANDS	COM	501797104	369	7,500	SH		DFND	3	7,500	0	0
L-3 COMMUNICATIONS CORP	DEBT 3.000% 8/0	502413AW7	10,187	10,000,000	PRN		DFND	4,1,2	10,000,000	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	283	3,300	SH		DFND	3	3,300	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	266	3,100	SH		OTR	3	0	3,100	0
LABORATORY CORP AMER	COM NEW	50540R409	270	2,700	SH		DFND	3	2,700	0	0
LABORATORY CORP AMER	COM NEW	50540R409	10,350	103,400	SH		OTR	3	0	103,400	0
LAM RESEARCH	COM	512807108	239	5,400	SH		DFND	3	5,400	0	0
LAS VEGAS SANDS	COM	517834107	667	12,600	SH		DFND	3	12,600	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	37	2,200	SH		DFND	3	2,200	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	147	8,700	SH		DFND	3	8,700	0	0
LAUDER ESTEE COS	CL A	518439104	680	10,340	SH		DFND	3	10,340	0	0
LEGG MASON	COM	524901105	129	4,150	SH		DFND	3	4,150	0	0
LEGGETT & PLATT	COM	524660107	155	5,000	SH		DFND	3	5,000	0	0
LENNAR	CL A	526057104	141	3,900	SH		DFND	3	3,900	0	0
LEUCADIA NATL	COM	527288104	273	10,400	SH		DFND	3	10,400	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	91	4,300	SH		DFND	3	4,300	0	0
LEXINGTON REALTY	COM	529043101	58	4,946	SH		DFND	3	4,946	0	0
LIBERTY MEDIA CORP	CL A	531229102	368	2,900	SH		DFND	3	2,900	0	0
LIFE TECHNOLOGIES	COM	53217V109	389	5,263	SH		DFND	3	5,263	0	0
LILLY ELI &	COM	532457108	1,533	31,200	SH		DFND	3	31,200	0	0
LINCOLN NATL CORP	COM	534187109	301	8,249	SH		DFND	3	8,249	0	0
LINEAR TECHNOLOGY	COM	535678106	262	7,100	SH		DFND	3	7,100	0	0
LINEAR TECHNOLOGY	COM	535678106	341	1,000	SH		DFND	4,1,2	1,000	0	0
LINEAR TECHNOLOGY CORP	NOTE 3.000% 5/0	535678AC0	8,915	8,519,000	PRN		DFND	4,1,2	8,519,000	0	0
LINKEDIN CORP	CL A	53578A108	481	2,700	SH		DFND	3	2,700	0	0
LIQUIDITY SERVICES	COM	53635B107	42	1,200	SH		DFND	3	1,200	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	6,798	438,600	SH		OTR	3	0	438,600	0
LKQ	COM	501889208	188	7,300	SH		DFND	3	7,300	0	0
LOCKHEED MARTIN	COM	539830109	933	8,600	SH		DFND	3	8,600	0	0
LOEWS	COM	540424108	435	9,800	SH		DFND	3	9,800	0	0
LORILLARD	COM	544147101	515	11,800	SH		DFND	3	11,800	0	0
LOWES COS	COM	548661107	13,980	341,800	SH		DFND	3	341,800	0	0
LSI	COM	502161102	125	17,500	SH		DFND	3	17,500	0	0
LTC PPTYS	COM	502175102	35	900	SH		DFND	3	900	0	0
LULULEMON ATHLETICA	COM	550021109	197	3,000	SH		DFND	3	3,000	0	0
M & T BK	COM	55261F104	5,085	45,500	SH		DFND	3	45,500	0	0
MACERICH	COM	554382101	509	8,345	SH		DFND	3	8,345	0	0
MACERICH	COM	554382101	210,781	3,457,126	SH		OTR	3	0	3,457,126	0
MACK CALI RLTY	COM	554489104	54	2,200	SH		DFND	3	2,200	0	0
MACK CALI RLTY	COM	554489104	113,614	4,639,193	SH		OTR	3	0	4,639,193	0
MACYS	COM	55616P104	691	14,398	SH		DFND	3	14,398	0	0
MANPOWERGROUP	COM	56418H100	241	4,400	SH		DFND	3	4,400	0	0
MANULIFE FINL	COM	56501R106	245	14,600	SH		DFND		14,600	0	0
MARATHON OIL	COM	565849106	743	21,500	SH		DFND	3	21,500	0	0
MARATHON PETE	COM	56585A102	721	10,150	SH		DFND	3	10,150	0	0
MARATHON PETE	COM	56585A102	128	1,800	SH		OTR	3	0	1,800	0
MARRIOTT INTL INC	CL A	571903202	336	8,317	SH		DFND	3	8,317	0	0
MARSH & MCLENNAN COS	COM	571748102	659	16,500	SH		DFND	3	16,500	0	0
MARTIN MARIETTA MATLS	COM	573284106	128	1,300	SH		DFND	3	1,300	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	226	19,300	SH		DFND	3	19,300	0	0
MASCO	COM	574599106	335	17,200	SH		DFND		17,200	0	0
MASCO	COM	574599106	228	11,700	SH		DFND	3	11,700	0	0
MASTEC	COM	576323109	385	11,700	SH		DFND	3	11,700	0	0
MASTERCARD	CL A	57636Q104	1,838	3,200	SH		DFND	3	3,200	0	0
MASTERCARD	CL A	57636Q104	13,191	22,960	SH		OTR	3	0	22,960	0
MATTEL	COM	577081102	480	10,600	SH		DFND	3	10,600	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	253	9,100	SH		DFND	3	9,100	0	0
MCDONALDS	COM	580135101	3,010	30,400	SH		DFND	3	30,400	0	0
MCDONALDS	COM	580135101	376	3,800	SH		OTR	3	0	3,800	0
MCGRAW HILL FINL	COM	580645109	431	8,100	SH		DFND	3	8,100	0	0
MCKESSON	COM	58155Q103	859	7,500	SH		DFND	3	7,500	0	0
MDU RES GROUP	COM	552690109	205	7,900	SH		DFND	3	7,900	0	0
MEAD JOHNSON NUTRITION	COM	582839106	499	6,300	SH		DFND	3	6,300	0	0
MEADWESTVACO	COM	583334107	198	5,800	SH		DFND	3	5,800	0	0
MECHEL OAO	ADR	583840103	8	2,700	SH		DFND	3	2,700	0	0
MEDICAL PPTYS TRUST	COM	58463J304	57	4,000	SH		DFND	3	4,000	0	0
MEDTRONIC	COM	585055106	1,606	31,200	SH		DFND	3	31,200	0	0
MERCK & CO INC	COM	58933Y105	4,225	90,958	SH		DFND	3	90,958	0	0
MERCK & CO INC	COM	58933Y105	353	7,600	SH		OTR	3	0	7,600	0
MERITAGE HOMES CORP	NOTE 1.875% 9/1	59001AAR3	1,277	1,179,000	PRN		DFND	1,2	1,179,000	0	0
METLIFE	COM	59156R108	1,286	28,100	SH		DFND	3	28,100	0	0
MGM RESORTS	COM	552953101	173	11,700	SH		DFND	3	11,700	0	0
MICROCHIP TECHNOLOGY	COM	595017104	589	15,800	SH		DFND	3	15,800	0	0
MICROCHIP TECHNOLOGY INC	SDCV 2.125%12/1	595017AB0	15,960	11,000,000	PRN		DFND	4,1,2	11,000,000	0	0
MICRON TECHNOLOGY	COM	595112103	466	32,500	SH		DFND	3	32,500	0	0
MICRON TECHNOLOGY INC	NOTE 1.500% 8/0	595112AQ6	4,372	2,850,000	PRN		DFND	4,1,2	2,850,000	0	0
MICROSOFT	COM	594918104	8,374	242,400	SH		DFND	3	242,400	0	0
MICROSOFT	COM	594918104	449	13,000	SH		OTR	3	0	13,000	0
MID-AMER APT CMNTYS	COM	59522J103	81	1,200	SH		DFND	3	1,200	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	263	13,900	SH		DFND	3	13,900	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	2,519	133,000	SH		OTR	3	0	133,000	0
MOHAWK INDS	COM	608190104	236	2,100	SH		DFND	3	2,100	0	0
MOLYCORP INC	COM	608753109	821	132,500	SH		DFND	4,1,2	132,500	0	0
MOLYCORP INC DEL	NOTE 6.000% 9/0	608753AF6	770	1,000,000	PRN		DFND	4,1,2	1,000,000	0	0
MONDELEZ INTL	CL A	609207105	1,592	55,811	SH		DFND	3	55,811	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	11	1,100	SH		DFND	3	1,100	0	0
MONSANTO CO	COM	61166W101	1,601	16,206	SH		DFND	3	16,206	0	0
MONSTER BEVERAGE	COM	611740101	286	4,700	SH		DFND	3	4,700	0	0
MOODYS	COM	615369105	390	6,400	SH		DFND	3	6,400	0	0
MORGAN	COM NEW	617446448	1,102	45,100	SH		DFND	3	45,100	0	0
MOSAIC CO	COM	61945C103	490	9,100	SH		DFND	3	9,100	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	474	8,213	SH		DFND	3	8,213	0	0
MPG OFFICE TR	COM	553274101	4	1,200	SH		DFND	3	1,200	0	0
MURPHY OIL	COM	626717102	371	6,100	SH		DFND	3	6,100	0	0
MYLAN	COM	628530107	369	11,900	SH		DFND	3	11,900	0	0
NABORS INDUSTRIES	SHS	G6359F103	173	11,300	SH		DFND	3	11,300	0	0
NASDAQ OMX GROUP	COM	631103108	177	5,400	SH		DFND	3	5,400	0	0
NATIONAL HEALTH INVS	COM	63633D104	42	700	SH		DFND	3	700	0	0
NATIONAL OILWELL VARCO	COM	637071101	898	13,033	SH		DFND	3	13,033	0	0
NATIONAL OILWELL VARCO	COM	637071101	11,892	172,600	SH		OTR	3	0	172,600	0
NATIONAL RETAIL PPTYS	COM	637417106	110	3,200	SH		DFND	3	3,200	0	0
NATIONAL RETAIL PPTYS	COM	637417106	113,206	3,290,882	SH		OTR	3	0	3,290,882	0
NATIONAL RETAIL PPTYS INC	NOTE 5.125% 6/1	637417AC0	19,247	14,272,000	PRN		DFND	4,1,2	14,272,000	0	0
NETAPP	COM	64110D104	423	11,200	SH		DFND	3	11,200	0	0
NETFLIX	COM	64110L106	317	1,500	SH		DFND	3	1,500	0	0
NETFLIX	COM	64110L106	51	50	SH		DFND	4,1,2	50	0	0
NEW YORK CMNTY BANCORP	COM	649445103	181	12,900	SH		DFND	3	12,900	0	0
NEWELL RUBBERMAID	COM	651229106	244	9,300	SH		DFND	3	9,300	0	0
NEWMONT MINING	COM	651639106	1,462	48,800	SH		DFND	3	48,800	0	0
NEWMONT MINING	COM	651639106	144	4,800	SH		OTR	3	0	4,800	0
NEWPARK RES INC	NOTE 4.000%10/0	651718AC2	6,389	4,991,000	PRN		DFND	4,1,2	4,991,000	0	0
NEWS	CL A	65248E104	716	46,950	SH		DFND	3	46,950	0	0
NEXTERA ENERGY	COM	65339F101	1,027	12,600	SH		DFND	3	12,600	0	0
NEXTERA ENERGY	COM	65339F101	269	3,300	SH		OTR	3	0	3,300	0
NIELSEN HOLDINGS N	COM	N63218106	185	5,500	SH		DFND	3	5,500	0	0
NISOURCE	COM	65473P105	269	9,400	SH		DFND	3	9,400	0	0
NOBLE ENERGY	COM	655044105	5,848	97,400	SH		DFND	3	97,400	0	0
NORDSTROM	COM	655664100	324	5,400	SH		DFND	3	5,400	0	0
NORDSTROM	COM	655664100	186	3,100	SH		OTR	3	0	3,100	0
NORFOLK SOUTHERN	COM	655844108	705	9,700	SH		DFND	3	9,700	0	0
NORFOLK SOUTHERN	COM	655844108	174	2,400	SH		OTR	3	0	2,400	0
NORTHEAST	COM	664397106	453	10,780	SH		DFND	3	10,780	0	0
NORTHERN TR	COM	665859104	423	7,300	SH		DFND	3	7,300	0	0
NORTHROP GRUMMAN	COM	666807102	538	6,500	SH		DFND	3	6,500	0	0
NOVELLUS SYS INC	NOTE 2.625% 5/1	670008AD3	8,015	5,693,000	PRN		DFND	1,2	5,693,000	0	0
NRG ENERGY	COM NEW	629377508	310	11,600	SH		DFND	3	11,600	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	149	8,100	SH		DFND	3	8,100	0	0
NUCOR	COM	670346105	464	10,700	SH		DFND	3	10,700	0	0
NVIDIA	COM	67066G104	255	18,150	SH		DFND	3	18,150	0	0
NYSE	COM	629491101	273	6,600	SH		DFND	3	6,600	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	428	3,800	SH		DFND	3	3,800	0	0
OCCIDENTAL PETE CORP	COM	674599105	2,177	24,400	SH		DFND	3	24,400	0	0
OCCIDENTAL PETE CORP	COM	674599105	277	3,100	SH		OTR	3	0	3,100	0
OCEANEERING INTL	COM	675232102	195	2,700	SH		DFND	3	2,700	0	0
OGE ENERGY	COM	670837103	75	2,200	SH		DFND	3	2,200	0	0
OMEGA HEALTHCARE INVS	COM	681936100	93	3,000	SH		DFND	3	3,000	0	0
OMNICARE	COM	681904108	162	3,400	SH		DFND	3	3,400	0	0
OMNICARE INC	NOTE 3.750%12/1	681904AN8	3,706	2,000,000	PRN		DFND	4,1,2	2,000,000	0	0
OMNICOM GROUP	COM	681919106	528	8,400	SH		DFND	3	8,400	0	0
ON SEMICONDUCTOR	COM	682189105	498	61,739	SH		DFND	1,2	61,739	0	0
ON SEMICONDUCTOR	COM	682189105	259	32,000	SH		DFND	3	32,000	0	0
ONE LIBERTY PPTYS	COM	682406103	7	300	SH		DFND	3	300	0	0
ONEOK INC	COM	682680103	273	6,600	SH		DFND	3	6,600	0	0
ONYX PHARMACEUTICALS	COM	683399109	139	1,600	SH		DFND	3	1,600	0	0
ORACLE	COM	68389X105	3,583	116,683	SH		DFND	3	116,683	0	0
ORACLE	COM	68389X105	18,561	604,400	SH		OTR	3	0	604,400	0
ORMAT TECHNOLOGIES	COM	686688102	202	8,600	SH		DFND	3	8,600	0	0
OWENS CORNING	COM	690742101	1,141	29,200	SH		DFND	3	29,200	0	0
OWENS CORNING	COM	690742101	168	4,300	SH		OTR	3	0	4,300	0
OWENS ILL	COM NEW	690768403	183	6,600	SH		DFND	3	6,600	0	0
P T TELEKOMUNIKASI INDONESIA	ADR	715684106	38	900	SH		DFND	3	900	0	0
PACCAR	COM	693718108	549	10,237	SH		DFND	3	10,237	0	0
PALL	COM	696429307	239	3,600	SH		DFND	3	3,600	0	0
PARKER HANNIFIN	COM	701094104	420	4,400	SH		DFND	3	4,400	0	0
PARKWAY PPTYS	COM	70159Q104	18	1,100	SH		DFND	3	1,100	0	0
PARTNERRE	COM	G6852T105	163	1,800	SH		DFND	3	1,800	0	0
PATTERSON COMPANIES	COM	703395103	120	3,200	SH		DFND	3	3,200	0	0
PAYCHEX	COM	704326107	354	9,700	SH		DFND	3	9,700	0	0
PEABODY ENERGY	COM	704549104	141	9,600	SH		DFND	3	9,600	0	0
PEBBLEBROOK HOTEL	COM	70509V100	44	1,700	SH		DFND	3	1,700	0	0
PEBBLEBROOK HOTEL	COM	70509V100	1,829	70,772	SH		OTR	3	0	70,772	0
PENN NATL GAMING	COM	707569109	4,948	93,500	SH		OTR	3	0	93,500	0
PENNEY J C	COM	708160106	94	5,500	SH		DFND	3	5,500	0	0
PENTAIR	SHS	H6169Q108	391	6,780	SH		DFND	3	6,780	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	222	14,900	SH		DFND	3	14,900	0	0
PEPCO HOLDINGS	COM	713291102	129	6,400	SH		DFND	3	6,400	0	0
PEPSICO	COM	713448108	3,818	46,685	SH		DFND	3	46,685	0	0
PEPSICO	COM	713448108	286	3,500	SH		OTR	3	0	3,500	0
PERRIGO	COM	714290103	339	2,800	SH		DFND	3	2,800	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	27	251	SH		DFND	2	251	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	122	1,100	SH		DFND	3	1,100	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	58	4,300	SH		DFND	3	4,300	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	8,301	619,000	SH		DFND	3	619,000	0	0
PETSMART	COM	716768106	214	3,200	SH		DFND	3	3,200	0	0
PFIZER	COM	717081103	18,734	668,821	SH		DFND	3	668,821	0	0
PFIZER	COM	717081103	375	13,400	SH		OTR	3	0	13,400	0
PG&E	COM	69331C108	631	13,800	SH		DFND	3	13,800	0	0
PHH CORP	NOTE 4.000% 9/0	693320AN3	2,013	1,905,000	PRN		DFND	1,2	1,905,000	0	0
PHILIP MORRIS INTL	COM	718172109	4,340	50,100	SH		DFND	3	50,100	0	0
PHILIP MORRIS INTL	COM	718172109	442	5,100	SH		OTR	3	0	5,100	0
PHILIPPINE LONG DISTANCE TEL	ADR	718252604	624	9,200	SH		DFND	3	9,200	0	0
PHILLIPS	COM	718546104	4,633	78,650	SH		DFND	3	78,650	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	79	4,400	SH		DFND	3	4,400	0	0
PINNACLE WEST CAP	COM	723484101	150	2,700	SH		DFND	3	2,700	0	0
PIONEER NAT RES	COM	723787107	608	4,200	SH		DFND	3	4,200	0	0
PLUM CREEK TIMBER CO	COM	729251108	238	5,100	SH		DFND	3	5,100	0	0
PNC FINL SVCS GROUP	COM	693475105	1,166	15,996	SH		DFND	3	15,996	0	0
POLARIS INDS	COM	731068102	162	1,700	SH		DFND	3	1,700	0	0
POLYPORE INTL	COM	73179V103	210	5,200	SH		DFND	3	5,200	0	0
POSCO	ADR	693483109	312	4,800	SH		DFND	3	4,800	0	0
POST PPTYS	COM	737464107	74	1,500	SH		DFND	3	1,500	0	0
PPG INDS	COM	693506107	644	4,400	SH		DFND	3	4,400	0	0
PPL	COM	69351T106	551	18,200	SH		DFND	3	18,200	0	0
PRAXAIR	COM	74005P104	1,036	9,000	SH		DFND	3	9,000	0	0
PRECISION CASTPARTS	COM	740189105	994	4,400	SH		DFND	3	4,400	0	0
PRICE T ROWE GROUP	COM	74144T108	630	8,600	SH		DFND	3	8,600	0	0
PRICELINE COM	COM NEW	741503403	1,488	1,800	SH		DFND	3	1,800	0	0
PRINCIPAL FINL GROUP	COM	74251V102	7,475	199,600	SH		DFND	3	199,600	0	0
PROASSURANCE	COM	74267C106	136	2,600	SH		OTR	3	0	2,600	0
PROCTER & GAMBLE	COM	742718109	6,432	83,537	SH		DFND	3	83,537	0	0
PROCTER & GAMBLE	COM	742718109	269	3,500	SH		OTR	3	0	3,500	0
PROGRESSIVE CORP	COM	743315103	452	17,800	SH		DFND	3	17,800	0	0
PROLOGIS	COM	74340W103	2,142	56,800	SH		DFND	1,2	56,800	0	0
PROLOGIS	COM	74340W103	1,078	28,584	SH		DFND	3	28,584	0	0
PROLOGIS	COM	74340W103	1,225	32,500	SH		DFND	4,1,2	32,500	0	0
PROLOGIS	COM	74340W103	654,975	17,364,125	SH		OTR	3	0	17,364,125	0
PROLOGIS	NOTE 3.250% 3/1	743410AY8	2,856	2,497,000	PRN		DFND	4,1,2	2,497,000	0	0
PRUDENTIAL FINL	COM	744320102	7,303	100,000	SH		DFND	3	100,000	0	0
PRUDENTIAL FINL	COM	744320102	358	4,900	SH		OTR	3	0	4,900	0
PS BUSINESS PKS INC	COM	69360J107	36	500	SH		DFND	3	500	0	0
PS BUSINESS PKS INC	COM	69360J107	489	6,769	SH		OTR	3	0	6,769	0
PUBLIC	COM	74460D109	1,288	8,400	SH		DFND	3	8,400	0	0
PUBLIC	COM	74460D109	569,119	3,711,725	SH		OTR	3	0	3,711,725	0
PUBLIC SVC ENTERPRISE	COM	744573106	529	16,200	SH		DFND	3	16,200	0	0
PULTE GROUP	COM	745867101	156	8,200	SH		DFND	3	8,200	0	0
PVH	COM	693656100	325	2,600	SH		DFND	3	2,600	0	0
QEP RES	COM	74733V100	142	5,100	SH		DFND	3	5,100	0	0
QIAGEN NV	SHS	N72482107	145	7,308	SH		DFND	2	7,308	0	0
QUALCOMM	COM	747525103	3,317	54,300	SH		DFND	3	54,300	0	0
QUALCOMM	COM	747525103	275	4,500	SH		OTR	3	0	4,500	0
QUANTA SVCS	COM	74762E102	609	23,000	SH		DFND	3	23,000	0	0
QUEST DIAGNOSTICS	COM	74834L100	273	4,500	SH		DFND	3	4,500	0	0
QUEST DIAGNOSTICS	COM	74834L100	139	2,300	SH		OTR	3	0	2,300	0
RACKSPACE HOSTING	COM	750086100	125	3,300	SH		DFND	3	3,300	0	0
RALPH LAUREN	CL A	751212101	313	1,800	SH		DFND	3	1,800	0	0
RANGE RES	COM	75281A109	402	5,200	SH		DFND	3	5,200	0	0
RAYONIER	COM	754907103	183	3,300	SH		DFND	3	3,300	0	0
RAYTHEON	COM NEW	755111507	655	9,900	SH		DFND	3	9,900	0	0
REALTY INCOME	COM	756109104	413	9,850	SH		DFND	3	9,850	0	0
REALTY INCOME	COM	756109104	163,636	3,903,525	SH		OTR	3	0	3,903,525	0
RED HAT	COM	756577102	273	5,700	SH		DFND	3	5,700	0	0
REGENCY CTRS	COM	758849103	320	6,300	SH		DFND	3	6,300	0	0
REGENCY CTRS	COM	758849103	260,282	5,122,659	SH		OTR	3	0	5,122,659	0
REGENERON	COM	75886F107	495	2,200	SH		DFND	3	2,200	0	0
REGIONS FINL CORP	COM	7591EP100	407	42,735	SH		DFND	3	42,735	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	139	1,600	SH		DFND	3	1,600	0	0
REPUBLIC SVCS	COM	760759100	295	8,700	SH		DFND	3	8,700	0	0
REPUBLIC SVCS	COM	760759100	187	5,500	SH		OTR	3	0	5,500	0
RESMED	COM	761152107	162	3,600	SH		DFND	3	3,600	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	19	1,400	SH		DFND	3	1,400	0	0
RETAIL PPTYS AMER	CL A	76131V202	11	800	SH		DFND	3	800	0	0
RETAIL PPTYS AMER	CL A	76131V202	7,500	525,200	SH		OTR	3	0	525,200	0
REYNOLDS AMERICAN	COM	761713106	498	10,300	SH		DFND	3	10,300	0	0
RLJ LODGING	COM	74965L101	72	3,200	SH		DFND	3	3,200	0	0
RLJ LODGING	COM	74965L101	116,087	5,161,715	SH		OTR	3	0	5,161,715	0
ROBERT HALF INTL	COM	770323103	146	4,400	SH		DFND	3	4,400	0	0
ROCK-TENN	CL A	772739207	230	2,300	SH		DFND	3	2,300	0	0
ROCKWELL AUTOMATION	COM	773903109	374	4,500	SH		DFND	3	4,500	0	0
ROCKWELL COLLINS	COM	774341101	304	4,800	SH		DFND	3	4,800	0	0
ROCKWOOD HLDGS	COM	774415103	275	4,300	SH		DFND	3	4,300	0	0
ROPER INDS INC	COM	776696106	385	3,100	SH		DFND	3	3,100	0	0
ROSS STORES	COM	778296103	434	6,700	SH		DFND	3	6,700	0	0
ROSS STORES	COM	778296103	97	1,500	SH		OTR	3	0	1,500	0
ROUSE PPTYS	COM	779287101	14	707	SH		DFND	3	707	0	0
ROWAN COMPANIES PLC	CL A	G7665A101	174	5,100	SH		DFND	3	5,100	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	190	5,700	SH		DFND	3	5,700	0	0
RTI INTL METALS	COM	74973W107	396	14,300	SH		DFND	3	14,300	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	55	1,400	SH		DFND	3	1,400	0	0
SABRA HEALTH CARE REIT	COM	78573L106	26	1,000	SH		DFND	3	1,000	0	0
SAFEWAY	COM NEW	786514208	168	7,100	SH		DFND	3	7,100	0	0
SAIC	COM	78390X101	169	12,100	SH		DFND	3	12,100	0	0
SALESFORCE COM	COM	79466L302	649	17,000	SH		DFND	3	17,000	0	0
SALIX PHARMACEUTICALS	COM	795435106	26	400	SH		DFND	1,2	400	0	0
SANDISK	COM	80004C101	446	7,300	SH		DFND	3	7,300	0	0
SASOL LTD	ADR	803866300	82	1,900	SH		DFND	3	1,900	0	0
SAUL CTRS	COM	804395101	13	300	SH		DFND	3	300	0	0
SBA COMMUNICATIONS	COM	78388J106	852	11,500	SH		DFND	3	11,500	0	0
SCANA CORP	COM	80589M102	152	3,100	SH		DFND	3	3,100	0	0
SCHEIN HENRY	COM	806407102	258	2,700	SH		DFND	3	2,700	0	0
SCHLUMBERGER	COM	806857108	2,918	40,717	SH		DFND	3	40,717	0	0
SCHLUMBERGER	COM	806857108	186	2,600	SH		OTR	3	0	2,600	0
SCHWAB CHARLES CORP	COM	808513105	711	33,500	SH		DFND	3	33,500	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	180	2,700	SH		DFND	3	2,700	0	0
SEADRILL	SHS	G7945E105	191	4,700	SH		DFND	3	4,700	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	462	10,300	SH		DFND	3	10,300	0	0
SEALED AIR CORP	COM	81211K100	132	5,500	SH		DFND	3	5,500	0	0
SEARS HLDGS	COM	812350106	68	1,625	SH		DFND	3	1,625	0	0
SEI INVESTMENTS	COM	784117103	117	4,100	SH		DFND	3	4,100	0	0
SEMPRA	COM	816851109	6,345	77,600	SH		DFND	3	77,600	0	0
SHERWIN WILLIAMS	COM	824348106	494	2,800	SH		DFND	3	2,800	0	0
SHINHAN FINANCIAL GROUP CO L	SPN ADR RESTRD	824596100	237	7,300	SH		DFND	3	7,300	0	0
SIGMA ALDRICH	COM	826552101	306	3,800	SH		DFND	3	3,800	0	0
SIMON PPTY GROUP INC	COM	828806109	2,797	17,711	SH		DFND	3	17,711	0	0
SIMON PPTY GROUP INC	COM	828806109	1,483,214	9,392,183	SH		OTR	3	0	9,392,183	0
SIRIUS XM RADIO	COM	82967N108	346	103,200	SH		DFND	3	103,200	0	0
SK TELECOM LTD	ADR	78440P108	0	3	SH		DFND	2	3	0	0
SK TELECOM LTD	ADR	78440P108	26	1,300	SH		DFND	3	1,300	0	0
SL GREEN RLTY	COM	78440X101	414	4,700	SH		DFND	3	4,700	0	0
SL GREEN RLTY	COM	78440X101	270,663	3,069,094	SH		OTR	3	0	3,069,094	0
SLM	COM	78442P106	320	14,000	SH		DFND	3	14,000	0	0
SMITHFIELD FOODS INC	NOTE 4.000% 6/3	832248AR9	3,956	3,000,000	PRN		DFND	1,2	3,000,000	0	0
SMUCKER J M	COM NEW	832696405	361	3,500	SH		DFND	3	3,500	0	0
SNAP ON	COM	833034101	11,762	131,600	SH		OTR	3	0	131,600	0
SOLAZYME	COM	83415T101	427	36,400	SH		DFND	3	36,400	0	0
SOLAZYME	COM	83415T101	468	40,000	SH		DFND	4,1,2	40,000	0	0
SOLAZYME	COM	83415T101	120	1,250	SH		DFND	4,1,2	1,250	0	0
SOLAZYME	COM	83415T101	122	500	SH		DFND	4,1,2	500	0	0
SOLAZYME	COM	83415T101	57	2,000	SH		DFND	4,1,2	2,000	0	0
SOUTHERN	COM	842587107	1,130	25,600	SH		DFND	3	25,600	0	0
SOUTHERN COPPER	COM	84265V105	55	2,000	SH		DFND	3	2,000	0	0
SOUTHWEST AIRLS	COM	844741108	77	6,000	SH		DFND	3	6,000	0	0
SOUTHWESTERN ENERGY	COM	845467109	446	12,200	SH		DFND	3	12,200	0	0
SOVRAN SELF STORAGE	COM	84610H108	52	800	SH		DFND	3	800	0	0
SOVRAN SELF STORAGE	COM	84610H108	8,137	125,598	SH		OTR	3	0	125,598	0
SPECTRA ENERGY	COM	847560109	724	20,996	SH		DFND	3	20,996	0	0
SPIRIT AIRLS	COM	848577102	279	8,800	SH		DFND	3	8,800	0	0
SPX	COM	784635104	108	1,500	SH		DFND	3	1,500	0	0
ST JUDE MED	COM	790849103	406	8,900	SH		DFND	3	8,900	0	0
STAG INDL	COM	85254J102	22	1,100	SH		DFND	3	1,100	0	0
STANDARD PAC CORP NEW	NOTE 1.250% 8/0	85375CBC4	4,423	3,500,000	PRN		DFND	1,2	3,500,000	0	0
STANLEY BLACK & DECKER	COM	854502101	350	4,524	SH		DFND	3	4,524	0	0
STAPLES	COM	855030102	338	21,300	SH		DFND	3	21,300	0	0
STARBUCKS	COM	855244109	1,481	22,600	SH		DFND	3	22,600	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	392	6,200	SH		DFND	3	6,200	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	4,581	72,500	SH		OTR	3	0	72,500	0
STATE STR	COM	857477103	2,937	45,043	SH		DFND	3	45,043	0	0
STEEL DYNAMICS INC	NOTE 5.125% 6/1	858119AP5	3,765	3,489,000	PRN		DFND	1,2	3,489,000	0	0
STERICYCLE	COM	858912108	309	2,800	SH		DFND	3	2,800	0	0
STEWART ENTERPRISES INC	NOTE 3.125% 7/1	860370AH8	5,529	4,480,000	PRN		DFND	4,1,2	4,480,000	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	43	4,800	SH		DFND	3	4,800	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	1,957	220,935	SH		OTR	3	0	220,935	0
STRYKER	COM	863667101	608	9,400	SH		DFND	3	9,400	0	0
SUMMIT HOTEL	COM	866082100	17	1,800	SH		DFND	3	1,800	0	0
SUMMIT HOTEL PPTYS	PFD SER C 7.125% ADDED	866082407	63	2,600	SH		OTR	3	0	2,600	0
SUN CMNTYS	COM	866674104	45	900	SH		DFND	3	900	0	0
SUN CMNTYS	COM	866674104	1,145	23,017	SH		OTR	3	0	23,017	0
SUNSTONE HOTEL INVS INC	COM	867892101	53	4,370	SH		DFND	3	4,370	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	16,222	1,342,900	SH		OTR	3	0	1,342,900	0
SUNTRUST BKS	COM	867914103	507	16,048	SH		DFND	3	16,048	0	0
SUPERIOR ENERGY SVCS	COM	868157108	109	4,200	SH		DFND	3	4,200	0	0
SYMANTEC	COM	871503108	472	21,000	SH		DFND	3	21,000	0	0
SYNNEX	COM	87162W100	14	354	SH		DFND	4,1,2	354	0	0
SYNOPSYS	COM	871607107	175	4,900	SH		DFND	3	4,900	0	0
SYSCO	COM	871829107	629	18,400	SH		DFND	3	18,400	0	0
T-MOBILE US	COM	872590104	133	5,350	SH		DFND	3	5,350	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	403	22,000	SH		DFND	3	22,000	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	84	2,500	SH		DFND	3	2,500	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	70,549	2,108,468	SH		OTR	3	0	2,108,468	0
TARGET	COM	87612E106	1,274	18,500	SH		DFND	3	18,500	0	0
TATA MTRS LTD	ADR	876568502	255	10,900	SH		DFND	3	10,900	0	0
TAUBMAN CTRS	COM	876664103	128	1,700	SH		DFND	3	1,700	0	0
TAUBMAN CTRS	COM	876664103	38,537	512,804	SH		OTR	3	0	512,804	0
TD AMERITRADE HLDG	COM	87236Y108	175	7,200	SH		DFND	3	7,200	0	0
TE CONNECTIVITY LTD	SHS	H84989104	7,374	161,925	SH		DFND	3	161,925	0	0
TE CONNECTIVITY LTD	SHS	H84989104	10,916	239,700	SH		OTR	3	0	239,700	0
TELEFONICA BRASIL SA	ADR	87936R106	141	6,200	SH		DFND	3	6,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	4,807	210,635	SH		DFND	3	210,635	0	0
TENET HEALTHCARE	COM NEW	88033G407	12,221	265,100	SH		OTR	3	0	265,100	0
TERADATA CORP	COM	88076W103	261	5,200	SH		DFND	3	5,200	0	0
TERRENO RLTY	COM	88146M101	9	500	SH		DFND	3	500	0	0
TESLA MTRS	COM	88160R101	633	5,900	SH		DFND	3	5,900	0	0
TESORO	COM	881609101	157	3,000	SH		DFND	3	3,000	0	0
TEXAS INSTRS	COM	882508104	1,157	33,200	SH		DFND	3	33,200	0	0
TEXAS INSTRS	COM	882508104	9,315	267,300	SH		OTR	3	0	267,300	0
TEXTRON	COM	883203101	240	9,200	SH		DFND	3	9,200	0	0
THE ADT	COM	00101J106	283	7,112	SH		DFND	3	7,112	0	0
THERAVANCE INC	NOTE 2.125% 1/1	88338TAB0	2,306	1,500,000	PRN		DFND	1,2	1,500,000	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	939	11,100	SH		DFND	3	11,100	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	262	3,094	SH		OTR	3	0	3,094	0
THOMPSON CREEK METALS CO INC	UNIT 99/99/9999	884768300	479	29,155	SH		DFND	4,1,2	29,155	0	0
TIFFANY & CO	COM	886547108	291	4,000	SH		DFND	3	4,000	0	0
TIFFANY & CO	COM	886547108	3,423	47,000	SH		OTR	3	0	47,000	0
TIM PARTICIPACOES S A	ADR	88706P205	9	500	SH		DFND	3	500	0	0
TIM PARTICIPACOES S A	ADR	88706P205	1,058	56,877	SH		DFND	3	56,877	0	0
TIME WARNER	COM NEW	887317303	2,139	36,999	SH		DFND	3	36,999	0	0
TIME WARNER CABLE	COM	88732J207	1,109	9,860	SH		DFND	3	9,860	0	0
TIME WARNER CABLE	COM	88732J207	315	2,800	SH		OTR	3	0	2,800	0
TJX COS INC	COM	872540109	5,762	115,100	SH		DFND	3	115,100	0	0
TOLL BROTHERS	COM	889478103	554	17,000	SH		DFND		17,000	0	0
TOLL BROTHERS	COM	889478103	206	6,300	SH		DFND	3	6,300	0	0
TORCHMARK	COM	891027104	192	2,950	SH		DFND	3	2,950	0	0
TOTAL SYS SVCS	COM	891906109	121	4,951	SH		DFND	3	4,951	0	0
TRACTOR SUPPLY	COM	892356106	270	2,300	SH		DFND	3	2,300	0	0
TRANSDIGM GROUP	COM	893641100	188	1,200	SH		DFND	3	1,200	0	0
TRAVELERS COMPANIES	COM	89417E109	913	11,423	SH		DFND	3	11,423	0	0
TRIMBLE NAVIGATION	COM	896239100	156	6,000	SH		DFND	3	6,000	0	0
TRIPADVISOR	COM	896945201	146	2,400	SH		DFND	3	2,400	0	0
TRIUMPH GROUP INC	COM	896818101	3,364	42,500	SH		OTR	3	0	42,500	0
TRW AUTOMOTIVE HLDGS	COM	87264S106	226	3,400	SH		DFND	3	3,400	0	0
TUPPERWARE BRANDS	COM	899896104	4,661	60,000	SH		DFND	3	60,000	0	0
TYCO INTERNATIONAL	SHS	H89128104	492	14,925	SH		DFND	3	14,925	0	0
TYSON FOODS	CL A	902494103	216	8,400	SH		DFND	3	8,400	0	0
U M H PROPERTIES	COM	903002103	4	400	SH		DFND	3	400	0	0
UDR	COM	902653104	336	13,200	SH		DFND	3	13,200	0	0
UDR	COM	902653104	291,242	11,425,719	SH		OTR	3	0	11,425,719	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	200	2,000	SH		DFND	3	2,000	0	0
ULTRA PETROLEUM	COM	903914109	123	6,200	SH		DFND	3	6,200	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	22	900	SH		DFND	3	900	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	8,197	342,400	SH		DFND	3	342,400	0	0
UNDER ARMOUR	CL A	904311107	119	2,000	SH		DFND	3	2,000	0	0
UNION PAC	COM	907818108	10,553	68,400	SH		DFND	3	68,400	0	0
UNION PAC	COM	907818108	7,868	51,000	SH		OTR	3	0	51,000	0
UNITED RENTALS	COM	911363109	744	14,900	SH		DFND	3	14,900	0	0
UNITED TECHNOLOGIES	COM	913017109	2,732	29,400	SH		DFND	3	29,400	0	0
UNITED THERAPEUTICS CORP DEL	NOTE 1.000% 9/1	91307CAF9	71	49,000	PRN		DFND	1,2	49,000	0	0
UNITEDHEALTH GROUP	COM	91324P102	7,080	108,126	SH		DFND	3	108,126	0	0
UNITEDHEALTH GROUP	COM	91324P102	268	4,100	SH		OTR	3	0	4,100	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	13	300	SH		DFND	3	300	0	0
UNUM	COM	91529Y106	258	8,800	SH		DFND	3	8,800	0	0
URBAN OUTFITTERS	COM	917047102	161	4,000	SH		DFND	3	4,000	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	14	700	SH		DFND	3	700	0	0
US BANCORP	COM NEW	902973304	8,734	241,600	SH		DFND	3	241,600	0	0
V F	COM	918204108	502	2,600	SH		DFND	3	2,600	0	0
VALE S	ADR	91912E105	76	5,800	SH		DFND	3	5,800	0	0
VALE S	ADR	91912E105	19,843	1,509,000	SH		DFND	3	1,509,000	0	0
VALERO ENERGY CORP	COM	91913Y100	573	16,492	SH		DFND	3	16,492	0	0
VARIAN MED SYS	COM	92220P105	250	3,700	SH		DFND	3	3,700	0	0
VENTAS	COM	92276F100	1,189	17,124	SH		DFND	3	17,124	0	0
VENTAS	COM	92276F100	587,174	8,453,415	SH		OTR	3	0	8,453,415	0
VERISIGN	COM	92343E102	228	5,100	SH		DFND	3	5,100	0	0
VERISIGN INC	SDCV 3.250% 8/1	92343EAD4	24,653	17,500,000	PRN		DFND	4,1,2	17,500,000	0	0
VERISK ANALYTICS	CL A	92345Y106	263	4,400	SH		DFND	3	4,400	0	0
VERIZON COMMUNICATIONS	COM	92343V104	4,505	89,500	SH		DFND	3	89,500	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	520	6,500	SH		DFND	3	6,500	0	0
VISA INC	CL A	92826C839	9,265	50,700	SH		DFND	3	50,700	0	0
VISA INC	CL A	92826C839	4,843	26,500	SH		OTR	3	0	26,500	0
VIVUS	COM	928551100	377	30,000	SH		DFND	4,1,2	30,000	0	0
VIVUS	COM	928551100	14	250	SH		DFND	4,1,2	250	0	0
VIVUS	COM	928551100	29	500	SH		DFND	4,1,2	500	0	0
VIVUS	COM	928551100	79	500	SH		DFND	4,1,2	500	0	0
VMWARE INC CL	COM	928563402	382	5,700	SH		DFND	3	5,700	0	0
VOLCANO CORPORATION	NOTE 1.750%12/0	928645AB6	922	1,000,000	PRN		DFND	1,2	1,000,000	0	0
VULCAN MATLS	COM	929160109	189	3,900	SH		DFND	3	3,900	0	0
W P CAREY	COM	92936U109	99	1,500	SH		DFND	3	1,500	0	0
WAL-MART STORES	COM	931142103	3,739	50,200	SH		DFND	3	50,200	0	0
WAL-MART STORES	COM	931142103	291	3,900	SH		OTR	3	0	3,900	0
WALGREEN	COM	931422109	1,202	27,200	SH		DFND	3	27,200	0	0
WARNER CHILCOTT PLC	SHS A	G94368100	104	5,200	SH		DFND	3	5,200	0	0
WASTE MGMT INC	COM	94106L109	553	13,700	SH		DFND	3	13,700	0	0
WATERS	COM	941848103	300	3,000	SH		DFND	3	3,000	0	0
WEATHERFORD INTERNATIONAL LT	SHS	H27013103	307	22,400	SH		DFND	3	22,400	0	0
WELLPOINT	COM	94973V107	998	12,200	SH		DFND	3	12,200	0	0
WELLS FARGO & CO	COM	949746101	6,525	158,109	SH		DFND	3	158,109	0	0
WELLS FARGO & CO	COM	949746101	7,070	171,300	SH		OTR	3	0	171,300	0
WESCO AIRCRAFT HLDGS	COM	950814103	37	2,000	SH		DFND	3	2,000	0	0
WESCO INTL	COM	95082P105	217	3,200	SH		DFND	3	3,200	0	0
WESTAR ENERGY	COM	95709T100	214	6,700	SH		OTR	3	0	6,700	0
WESTERN DIGITAL	COM	958102105	404	6,500	SH		DFND	3	6,500	0	0
WESTERN UN	COM	959802109	295	17,246	SH		DFND	3	17,246	0	0
WEYERHAEUSER	COM	962166104	509	17,858	SH		DFND	3	17,858	0	0
WHIRLPOOL	COM	963320106	1,304	11,400	SH		DFND	3	11,400	0	0
WHITESTONE	COM	966084204	8	500	SH		DFND	3	500	0	0
WHITING PETE CORP	COM	966387102	152	3,300	SH		DFND	3	3,300	0	0
WHOLE FOODS MKT	COM	966837106	556	10,800	SH		DFND	3	10,800	0	0
WILLIAMS COS INC	COM	969457100	682	21,000	SH		DFND	3	21,000	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	200	4,900	SH		DFND	3	4,900	0	0
WINDSTREAM	COM	97381W104	179	23,200	SH		DFND	3	23,200	0	0
WISCONSIN ENERGY	COM	976657106	320	7,800	SH		DFND	3	7,800	0	0
WYNDHAM WORLDWIDE	COM	98310W108	200	3,500	SH		DFND	3	3,500	0	0
WYNN RESORTS	COM	983134107	333	2,600	SH		DFND	3	2,600	0	0
XCEL ENERGY	COM	98389B100	655	23,100	SH		DFND	3	23,100	0	0
XEROX	COM	984121103	333	36,753	SH		DFND	3	36,753	0	0
XILINX	COM	983919101	325	8,200	SH		DFND	3	8,200	0	0
XILINX INC	SDCV 3.125% 3/1	983919AD3	14,937	10,832,000	PRN		DFND	4,1,2	10,832,000	0	0
XL GROUP	SHS	G98290102	279	9,200	SH		DFND	3	9,200	0	0
XYLEM	COM	98419M100	154	5,700	SH		DFND	3	5,700	0	0
YAHOO	COM	984332106	787	31,300	SH		DFND	3	31,300	0	0
YAMANA GOLD	COM	98462Y100	951	100,000	SH		DFND	3	100,000	0	0
YANZHOU COAL MNG CO LTD SPON ADR	SHS	984846105	7	1,000	SH		DFND	3	1,000	0	0
YUM BRANDS	COM	988498101	971	14,000	SH		DFND	3	14,000	0	0
ZIMMER HLDGS	COM	98956P102	390	5,200	SH		DFND	3	5,200	0	0