Daiwa Securities (DSEEY) 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
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
ACADIA RLTY	TR COM SH BEN INT	004239109	43	1,541	SH		SOLE	3	1,541	0	0
AMREIT INC NEW	CL B	03216B208	9	500	SH		SOLE	3	500	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	269	18,500	SH		SOLE	3	18,500	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,748	1,428,917	SH		SOLE	3	1,428,917	0	0
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	39	5,600	SH		SOLE	3	5,600	0	0
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	12,421	1,795,000	SH		SOLE	3	1,795,000	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	35	600	SH		SOLE	3	600	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,771	29,800	SH		SOLE	3	29,800	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	67	4,300	SH		SOLE	3	4,300	0	0
BRASKEM S A SP	ADR PFD A	105532105	5	400	SH		SOLE	3	400	0	0
BRASKEM S A SP	ADR PFD A	105532105	177	13,800	SH		SOLE	3	13,800	0	0
BROWN FORMAN CORP	CL B	115637209	301	3,200	SH		SOLE	3	3,200	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	116	6,600	SH		SOLE	3	6,600	0	0
CAMDEN PPTY TR SH	BEN INT	133131102	327	4,600	SH		SOLE	3	4,600	0	0
CARNIVAL CORP	PAIRED CTF	143658300	377	10,000	SH		SOLE	3	10,000	0	0
CBS CORP NEW	CL B	124857202	17,876	287,671	SH		SOLE	3	287,671	0	0
CELANESE CORP DEL	COM SER A	150870103	270	4,200	SH		SOLE	3	4,200	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	71	5,404	SH		SOLE	3	5,404	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	326	24,629	SH		SOLE	3	24,629	0	0
CENTRAIS ELETRICAS BRASILEIR	SPON ADR PFD B	15234Q108	5	1,000	SH		SOLE	3	1,000	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	269	1,700	SH		SOLE	3	1,700	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	42	1,400	SH		SOLE	3	1,400	0	0
CHINA LIFE INS CO LTD	SPON ADR REP H	16939P106	329	8,400	SH		SOLE	3	8,400	0	0
CHUNGHWA TELECOM CO LTD	SPON ADR NEW11	17133Q502	48	1,500	SH		SOLE	3	1,500	0	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	23	200	SH		SOLE	3	200	0	0
COMCAST CORP NEW	CL A SPL	20030N200	613	11,500	SH		SOLE	3	11,500	0	0
COMMONWEALTH REIT COM	SH BEN INT	203233101	81	3,075	SH		SOLE	3	3,075	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	210	26,323	SH		SOLE	3	26,323	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	3,422	428,299	SH		SOLE	3	428,299	0	0
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	8	500	SH		SOLE	3	500	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	93,582	3,365,061	SH		OTR	3	3,365,061	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	64	2,300	SH		SOLE	3	2,300	0	0
DISCOVERY COMMUNICATNS	NEW COM SER A	25470F104	270	3,640	SH		SOLE	3	3,640	0	0
DISCOVERY COMMUNICATNS	NEW COM SER C	25470F302	177	2,440	SH		SOLE	3	2,440	0	0
DISNEY WALT CO	COM DISNEY	254687106	171	2,000	SH		DFND	1,2	2,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	589	6,878	SH		DFND		6,878	0	0
DISNEY WALT CO	COM DISNEY	254687106	257	3,000	SH		OTR	3	3,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	4,587	53,500	SH		SOLE	3	53,500	0	0
EATON VANCE CORP	COM NON VTG	278265103	181	4,800	SH		SOLE	3	4,800	0	0
ECOPETROL S A	SPONSORED ADS	279158109	25	700	SH		SOLE	3	700	0	0
EPR PPTYS COM	SH BEN INT	26884U109	78	1,400	SH		SOLE	3	1,400	0	0
EQUITY RESIDENTIAL SH	BEN INT	29476L107	654,721	10,392,398	SH		OTR	3	10,392,398	0	0
EQUITY RESIDENTIAL SH	BEN INT	29476L107	1,203	19,100	SH		SOLE	3	19,100	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	189,362	1,566,010	SH		OTR	3	1,566,010	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	496	4,100	SH		SOLE	3	4,100	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	75	800	SH		SOLE	3	800	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	187	2,000	SH		SOLE	3	2,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	344	20,000	SH		DFND	1,2	20,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	167	9,700	SH		OTR	3	9,700	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	2,295	133,123	SH		SOLE	3	133,123	0	0
GERDAU S A	SPON ADR REP PFD	373737105	23	3,900	SH		SOLE	3	3,900	0	0
GERDAU S A	SPON ADR REP PFD	373737105	4,400	747,000	SH		SOLE	3	747,000	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	19,464	1,797,200	SH		OTR	3	1,797,200	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	42	3,900	SH		SOLE	3	3,900	0	0
GOOGLE INC	CL C ADDED	38259P706	5,166	8,980	SH		SOLE	3	8,980	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	38	1,500	SH		SOLE	3	1,500	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	20	300	SH		SOLE	3	300	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	25	200	SH		SOLE	3	200	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	29	2,200	SH		SOLE	3	2,200	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	37	2,800	SH		SOLE	3	2,800	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	35	5,200	SH		SOLE	3	5,200	0	0
HOSPITALITY PPTYS TR COM	SH BEN INT	44106M102	125	4,100	SH		SOLE	3	4,100	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	28	3,000	SH		SOLE	3	3,000	0	0
ISHARES	MSCI UK ETF	464286699	209	10,000	SH		SOLE	3	10,000	0	0
ISHARES	MSCI GERMANY ETF	464286806	745	11,000	SH		DFND		11,000	0	0
ISHARES	MSCI GERMANY ETF	464286806	344	11,000	SH		SOLE	3	11,000	0	0
ISHARES	MSCI EMG MKT ETF	464287234	964	22,300	SH		SOLE	3	22,300	0	0
ISHARES	IBOXX HI YD ETF	464288513	51,732	543,400	SH		SOLE	3	543,400	0	0
ISHARES INTL	DIV ETF	464288448	695	17,420	SH		SOLE	3	17,420	0	0
ISHARES MSCI CDA	ETF	464286509	117	3,640	SH		SOLE	3	3,640	0	0
ISHARES MSCI PAC	JP ETF	464286665	131	2,670	SH		SOLE	3	2,670	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	236	16,401	SH		SOLE	3	16,401	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	20,971	1,458,332	SH		SOLE	3	1,458,332	0	0
LASALLE HOTEL PPTYS COM	SH BEN INT	517942108	2,942	83,358	SH		OTR	3	83,358	0	0
LASALLE HOTEL PPTYS COM	SH BEN INT	517942108	99	2,800	SH		SOLE	3	2,800	0	0
LG DISPLAY CO LTD	SPONS ADR REP	50186V102	36	2,300	SH		SOLE	3	2,300	0	0
LIBERTY GLOBAL	PLC SHS CL C	G5480U120	567	13,409	SH		SOLE	3	13,409	0	0
LIBERTY INTERACTIVE CORP	INT COM SER A	53071M104	380	12,950	SH		SOLE	3	12,950	0	0
LIBERTY PPTY	TR SH BEN INT	531172104	2,013	53,070	SH		OTR	3	53,070	0	0
LIBERTY PPTY	TR SH BEN INT	531172104	334	8,800	SH		SOLE	3	8,800	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	1,211	12,400	SH		SOLE	3	12,400	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	215	3,000	SH		SOLE	3	3,000	0	0
MOLSON COORS BREWING CO	CL B	60871R209	311	4,200	SH		SOLE	3	4,200	0	0
NATIONAL BK GREECE S A SPN	ADR REP 1 SH	633643705	109	29,700	SH		SOLE	3	29,700	0	0
NIKE INC	CL B	654106103	1,466	18,900	SH		SOLE	3	18,900	0	0
OI S.A. SPN	ADR REP PFD	670851203	7	7,700	SH		SOLE	3	7,700	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	36	1,900	SH		SOLE	3	1,900	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	194	12,400	SH		SOLE	3	12,400	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	16,348	1,045,300	SH		SOLE	3	1,045,300	0	0
POWERSHARES DB	CMDTY IDX TRA UNIT BEN INT	73935S105	96	3,600	SH		SOLE	3	3,600	0	0
POWERSHARES GLOBAL ETF TRUST	EMER MRKT PORT	73936T763	768	36,000	SH		SOLE	3	36,000	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	15,306	920,910	SH		OTR	3	920,910	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	30	1,800	SH		SOLE	3	1,800	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	30	1,000	SH		SOLE	3	1,000	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	435	17,893	SH		OTR	3	17,893	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	134	5,500	SH		SOLE	3	5,500	0	0
SILICONWARE PRECISION INDS	L SPONSD ADR SPL	827084864	25	3,000	SH		SOLE	3	3,000	0	0
SINOPEC SHANGHAI PETROCHEMIC	SPON ADR H	82935M109	15	550	SH		SOLE	3	550	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	12	400	SH		SOLE	3	400	0	0
SPDR DOW JONES INDL	AVRG ETF UT SER 1	78467X109	420	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,636	8,360	SH		SOLE	3	8,360	0	0
SPRINT CORP	COM SER 1	85207U105	187	21,979	SH		SOLE	3	21,979	0	0
TERRA NITROGEN CO	L P COM UNIT	881005201	134	931	SH		DFND	4,1,2	931	0	0
TURKCELL ILETISIM HIZMETLERI	SPON ADR NEW	900111204	56	3,600	SH		SOLE	3	3,600	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	404	11,800	SH		SOLE	3	11,800	0	0
UNITED MICROELECTRONICS CORP	SPON ADR NEW	910873405	29	12,200	SH		SOLE	3	12,200	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	92	900	SH		OTR	3	900	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	2,505	24,400	SH		SOLE	3	24,400	0	0
UNIVERSAL HEALTH RLTY	INCM T SH BEN INT	91359E105	17	400	SH		SOLE	3	400	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	201	2,100	SH		OTR	3	2,100	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	192	2,000	SH		SOLE	3	2,000	0	0
VALE S A ADR	REPSTG PFD	91912E204	104	8,700	SH		SOLE	3	8,700	0	0
VALE S A ADR	REPSTG PFD	91912E204	4,050	340,300	SH		SOLE	3	340,300	0	0
VANGUARD INTL EQUITY INDEX	F FTSE EMR MKT ETF	922042858	358	8,300	SH		SOLE	3	8,300	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	418	6,300	SH		SOLE	3	6,300	0	0
VIACOM INC NEW	CL B	92553P201	17,309	199,571	SH		SOLE	3	199,571	0	0
VORNADO RLTY TR	SH BEN INT	929042109	667,666	6,255,651	SH		OTR	3	6,255,651	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,011	9,469	SH		SOLE	3	9,469	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	47	1,800	SH		SOLE	3	1,800	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	221,140	6,733,848	SH		OTR	3	6,733,848	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	102	3,100	SH		SOLE	3	3,100	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	13	860	SH		SOLE	3	860	0	0
3M	COM	88579Y101	3,337	23,300	SH		SOLE	3	23,300	0	0
ABBOTT	COM	002824100	1,644	40,200	SH		SOLE	3	40,200	0	0
ABBVIE	COM	00287Y109	288	5,100	SH		OTR	3	5,100	0	0
ABBVIE	COM	00287Y109	2,365	41,900	SH		SOLE	3	41,900	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	81	1,000	SH		OTR	3	1,000	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	1,366	16,900	SH		SOLE	3	16,900	0	0
ACE	SHS	H0023R105	923	8,900	SH		SOLE	3	8,900	0	0
ACTIVISION BLIZZARD	COM	00507V109	299	13,400	SH		SOLE	3	13,400	0	0
ADOBE SYS	COM	00724F101	926	12,800	SH		SOLE	3	12,800	0	0
ADVANCE AUTO PARTS	COM	00751Y106	250	1,850	SH		SOLE	3	1,850	0	0
ADVANCED SEMICONDUCTOR ENGR	ADR	00756M404	41	6,300	SH		SOLE	3	6,300	0	0
AES	COM	00130H105	292	18,800	SH		SOLE	3	18,800	0	0
AETNA INC	COM	00817Y108	178	2,200	SH		OTR	3	2,200	0	0
AETNA INC	COM	00817Y108	784	9,673	SH		SOLE	3	9,673	0	0
AFFILIATED MANAGERS	COM	008252108	246	1,200	SH		SOLE	3	1,200	0	0
AFLAC	COM	001055102	728	11,700	SH		SOLE	3	11,700	0	0
AGCO	COM	001084102	169	3,000	SH		SOLE	3	3,000	0	0
AGILENT TECHNOLOGIES	COM	00846U101	511	8,890	SH		SOLE	3	8,890	0	0
AGREE REALTY	COM	008492100	12	400	SH		SOLE	3	400	0	0
AIR PRODS & CHEMS	COM	009158106	707	5,500	SH		SOLE	3	5,500	0	0
AIRGAS	COM	009363102	218	2,000	SH		SOLE	3	2,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	293	4,800	SH		SOLE	3	4,800	0	0
ALASKA AIR GROUP	COM	011659109	95	1,000	SH		OTR	3	1,000	0	0
ALASKA AIR GROUP	COM	011659109	10,180	107,100	SH		SOLE	3	107,100	0	0
ALBEMARLE	COM	012653101	157	2,200	SH		SOLE	3	2,200	0	0
ALCOA	COM	013817101	871	58,500	SH		SOLE	3	58,500	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	9,481	122,111	SH		OTR	3	122,111	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	179	2,300	SH		SOLE	3	2,300	0	0
ALEXION PHARMACEUTICALS	COM	015351109	828	5,300	SH		OTR	3	5,300	0	0
ALLEGHANY CORP	COM	017175100	175	400	SH		SOLE	3	400	0	0
ALLERGAN	COM	018490102	1,354	8,000	SH		SOLE	3	8,000	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	394	1,400	SH		SOLE	3	1,400	0	0
ALLIANT ENERGY	COM	018802108	231	3,800	SH		SOLE	3	3,800	0	0
ALLSTATE	COM	020002101	699	11,900	SH		SOLE	3	11,900	0	0
ALTERA	COM	021441100	313	9,000	SH		SOLE	3	9,000	0	0
ALTRIA GROUP	COM	02209S103	2,172	51,800	SH		SOLE	3	51,800	0	0
ALUMINUM CORP CHINA LTD SPON ADR	SHS	022276109	23	2,600	SH		SOLE	3	2,600	0	0
AMAZON COM	COM	023135106	324	1,000	SH		DFND	1,2	1,000	0	0
AMAZON COM	COM	023135106	1,069	3,294	SH		DFND		3,294	0	0
AMAZON COM	COM	023135106	3,053	9,400	SH		OTR	3	9,400	0	0
AMAZON COM	COM	023135106	3,410	10,500	SH		SOLE	3	10,500	0	0
AMBARELLA	SHS	G037AX101	432	13,857	SH		DFND		13,857	0	0
AMBEV SA	ADR	02319V103	141	20,000	SH		SOLE	3	20,000	0	0
AMBEV SA	ADR	02319V103	5,118	727,000	SH		SOLE	3	727,000	0	0
AMEREN	COM	023608102	274	6,700	SH		SOLE	3	6,700	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	100	4,800	SH		SOLE	3	4,800	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	363	17,500	SH		SOLE	3	17,500	0	0
AMERICAN AIRLS GROUP	COM	02376R102	185	4,300	SH		SOLE	3	4,300	0	0
AMERICAN ASSETS TR	COM	024013104	13,714	396,938	SH		OTR	3	396,938	0	0
AMERICAN ASSETS TR	COM	024013104	35	1,000	SH		SOLE	3	1,000	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	6,815	178,210	SH		OTR	3	178,210	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	110	2,868	SH		SOLE	3	2,868	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	220	9,400	SH		SOLE	3	9,400	0	0
AMERICAN ELEC PWR	COM	025537101	742	13,300	SH		SOLE	3	13,300	0	0
AMERICAN EXPRESS	COM	025816109	94	1,000	SH		DFND	1,2	1,000	0	0
AMERICAN EXPRESS	COM	025816109	133	1,400	SH		OTR	3	1,400	0	0
AMERICAN EXPRESS	COM	025816109	10,915	115,050	SH		SOLE	3	115,050	0	0
AMERICAN HOMES 4	CL A	02665T306	21	1,200	SH		SOLE	3	1,200	0	0
AMERICAN INTL GROUP	COM NEW	026874784	4,094	75,000	SH		OTR	3	75,000	0	0
AMERICAN INTL GROUP	COM NEW	026874784	2,057	37,692	SH		SOLE	3	37,692	0	0
AMERICAN RESIDENTIAL PPTYS	COM	02927E303	8	400	SH		SOLE	3	400	0	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	160,567	12,814,567	SH		OTR	3	12,814,567	0	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	594	47,374	SH		SOLE	3	47,374	0	0
AMERICAN TOWER CORP	COM	03027X100	945	10,500	SH		SOLE	3	10,500	0	0
AMERICAN WTR WKS CO INC	COM	030420103	262	5,300	SH		SOLE	3	5,300	0	0
AMERIPRISE FINL	COM	03076C106	336	2,800	SH		OTR	3	2,800	0	0
AMERIPRISE FINL	COM	03076C106	13,747	114,560	SH		SOLE	3	114,560	0	0
AMERISOURCEBERGEN	COM	03073E105	9,003	123,900	SH		SOLE	3	123,900	0	0
AMETEK INC	COM	031100100	340	6,500	SH		SOLE	3	6,500	0	0
AMGEN	COM	031162100	2,356	19,900	SH		SOLE	3	19,900	0	0
AMPHENOL CORP	CL A	032095101	414	4,300	SH		SOLE	3	4,300	0	0
ANADARKO PETE	COM	032511107	153	1,400	SH		OTR	3	1,400	0	0
ANADARKO PETE	COM	032511107	1,434	13,100	SH		SOLE	3	13,100	0	0
ANALOG DEVICES	COM	032654105	438	8,100	SH		SOLE	3	8,100	0	0
ANGLOGOLD ASHANTI LTD	ADR	035128206	48	2,800	SH		SOLE	3	2,800	0	0
ANNALY CAP MGMT	COM	035710409	302	26,400	SH		SOLE	3	26,400	0	0
ANSYS	COM	03662Q105	159	2,100	SH		SOLE	3	2,100	0	0
AON PLC	CL A	G0408V102	3,198	35,500	SH		OTR	3	35,500	0	0
AON PLC	CL A	G0408V102	667	7,400	SH		SOLE	3	7,400	0	0
APACHE	COM	037411105	1,078	10,710	SH		SOLE	3	10,710	0	0
APARTMENT INVT & MGMT	CL A	03748R101	197,916	6,133,112	SH		OTR	3	6,133,112	0	0
APARTMENT INVT & MGMT	CL A	03748R101	155	4,792	SH		SOLE	3	4,792	0	0
APPLE	COM	037833100	92	1,000	SH		DFND	1,2	1,000	0	0
APPLE	COM	037833100	1,241	700	SH		DFND	4,1,2	700	0	0
APPLE	COM	037833100	4,498	48,400	SH		OTR	3	48,400	0	0
APPLE	COM	037833100	29,137	313,535	SH		SOLE	3	313,535	0	0
APPLIED MATLS	COM	038222105	6,808	301,900	SH		OTR	3	301,900	0	0
APPLIED MATLS	COM	038222105	997	44,200	SH		SOLE	3	44,200	0	0
ARCH CAP GROUP	ORD	G0450A105	213	3,700	SH		SOLE	3	3,700	0	0
ARCHER DANIELS MIDLAND	COM	039483102	781	17,700	SH		SOLE	3	17,700	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	5	500	SH		SOLE	3	500	0	0
ARROW ELECTRS	COM	042735100	163	2,700	SH		SOLE	3	2,700	0	0
ASCENA RETAIL GROUP	COM	04351G101	228	13,349	SH		DFND	4,1,2	13,349	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	2,536	147,761	SH		OTR	3	147,761	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	8	460	SH		SOLE	3	460	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	24	2,100	SH		SOLE	3	2,100	0	0
ASHLAND INC	COM	044209104	196	1,800	SH		SOLE	3	1,800	0	0
ASSOCIATED ESTATES RLTY	COM	045604105	29	1,600	SH		SOLE	3	1,600	0	0
ASSURANT	COM	04621X108	138	2,100	SH		SOLE	3	2,100	0	0
AT&T	COM	00206R102	315	8,900	SH		OTR	3	8,900	0	0
AT&T	COM	00206R102	4,950	139,995	SH		SOLE	3	139,995	0	0
AU OPTRONICS CORP	ADR	002255107	18	4,400	SH		SOLE	3	4,400	0	0
AUTODESK	COM	052769106	338	6,000	SH		SOLE	3	6,000	0	0
AUTOLIV	COM	052800109	352	3,300	SH		SOLE	3	3,300	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	1,007	12,700	SH		SOLE	3	12,700	0	0
AUTONATION	COM	05329W102	90	1,500	SH		SOLE	3	1,500	0	0
AUTOZONE	COM	053332102	7,186	13,400	SH		SOLE	3	13,400	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	368	5,100	SH		OTR	3	5,100	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	504	7,000	SH		SOLE	3	7,000	0	0
AVALONBAY CMNTYS	COM	053484101	9,063	63,740	SH		OTR	3	63,740	0	0
AVALONBAY CMNTYS	COM	053484101	1,034	7,269	SH		SOLE	3	7,269	0	0
AVERY DENNISON	COM	053611109	154	3,000	SH		SOLE	3	3,000	0	0
AVIV REIT INC	COM	05381L101	20	700	SH		SOLE	3	700	0	0
AVNET	COM	053807103	173	3,900	SH		SOLE	3	3,900	0	0
AVON PRODS	COM	054303102	169	11,600	SH		SOLE	3	11,600	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	128	2,900	SH		SOLE	3	2,900	0	0
B/E AEROSPACE	COM	073302101	213	2,300	SH		SOLE	3	2,300	0	0
BAKER HUGHES	COM	057224107	879	11,804	SH		SOLE	3	11,804	0	0
BALL	COM	058498106	8,242	131,500	SH		SOLE	3	131,500	0	0
BANCO DE CHILE	ADR	059520106	17	214	SH		SOLE	3	214	0	0
BANCO DE CHILE	ADR	059520106	88	1,100	SH		SOLE	3	1,100	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	26	1,000	SH		SOLE	3	1,000	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	87	3,300	SH		SOLE	3	3,300	0	0
BANK NEW YORK MELLON	COM	064058100	1,146	30,571	SH		SOLE	3	30,571	0	0
BANK OF AMERICA	COM	060505104	5,685	369,900	SH		OTR	3	369,900	0	0
BANK OF AMERICA	COM	060505104	4,364	283,914	SH		SOLE	3	283,914	0	0
BARD C R	COM	067383109	286	2,000	SH		SOLE	3	2,000	0	0
BAXTER INTL	COM	071813109	1,005	13,900	SH		SOLE	3	13,900	0	0
BB&T	COM	054937107	729	18,500	SH		SOLE	3	18,500	0	0
BECTON DICKINSON &	COM	075887109	662	5,600	SH		SOLE	3	5,600	0	0
BED BATH & BEYOND	COM	075896100	350	6,100	SH		SOLE	3	6,100	0	0
BERKLEY W R	COM	084423102	195	4,200	SH		SOLE	3	4,200	0	0
BEST BUY	COM	086516101	233	7,500	SH		SOLE	3	7,500	0	0
BIOGEN IDEC	COM	09062X103	1,964	6,230	SH		SOLE	3	6,230	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	2,179	35,041	SH		DFND	4,1,2	35,041	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	224	3,600	SH		SOLE	3	3,600	0	0
BIOMED REALTY TRUST	COM	09063H107	114	5,200	SH		SOLE	3	5,200	0	0
BLACKROCK	COM	09247X101	3,388	10,600	SH		OTR	3	10,600	0	0
BLACKROCK	COM	09247X101	1,103	3,450	SH		SOLE	3	3,450	0	0
BLOCK H & R	COM	093671105	235	7,000	SH		SOLE	3	7,000	0	0
BLOOMIN BRANDS	COM	094235108	321	14,342	SH		DFND	4,1,2	14,342	0	0
BOEING	COM	097023105	3,321	26,100	SH		SOLE	3	26,100	0	0
BORGWARNER	COM	099724106	404	6,200	SH		SOLE	3	6,200	0	0
BOSTON PROPERTIES	COM	101121101	367,485	3,109,539	SH		OTR	3	3,109,539	0	0
BOSTON PROPERTIES	COM	101121101	1,005	8,500	SH		SOLE	3	8,500	0	0
BOSTON SCIENTIFIC	COM	101137107	442	34,647	SH		SOLE	3	34,647	0	0
BRF SA	ADR	10552T107	68	2,800	SH		SOLE	3	2,800	0	0
BRF SA	ADR	10552T107	12,755	524,700	SH		SOLE	3	524,700	0	0
BRINKER INTL	COM	109641100	7,062	145,169	SH		SOLE	3	145,169	0	0
BRISTOL MYERS SQUIBB	COM	110122108	2,120	43,700	SH		SOLE	3	43,700	0	0
BRIXMOR PPTY GROUP	COM	11120U105	12,009	523,268	SH		OTR	3	523,268	0	0
BRIXMOR PPTY GROUP	COM	11120U105	25	1,100	SH		SOLE	3	1,100	0	0
BROADCOM	CL A	111320107	585	15,750	SH		SOLE	3	15,750	0	0
BUNGE	COM	G16962105	272	3,600	SH		SOLE	3	3,600	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	236	3,700	SH		SOLE	3	3,700	0	0
CA	COM	12673P105	242	8,405	SH		SOLE	3	8,405	0	0
CABOT OIL & GAS	COM	127097103	396	11,600	SH		SOLE	3	11,600	0	0
CALGON CARBON	COM	129603106	179	8,000	SH		SOLE	3	8,000	0	0
CALPINE	COM NEW	131347304	195	8,200	SH		SOLE	3	8,200	0	0
CAMERON INTERNATIONAL	COM	13342B105	386	5,700	SH		SOLE	3	5,700	0	0
CAMPBELL SOUP	COM	134429109	229	5,000	SH		SOLE	3	5,000	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	16	1,800	SH		SOLE	3	1,800	0	0
CAPITAL ONE FINL	COM	14040H105	124	1,500	SH		OTR	3	1,500	0	0
CAPITAL ONE FINL	COM	14040H105	1,351	16,354	SH		SOLE	3	16,354	0	0
CARDINAL HEALTH	COM	14149Y108	631	9,200	SH		SOLE	3	9,200	0	0
CAREFUSION	COM	14170T101	259	5,850	SH		SOLE	3	5,850	0	0
CARETRUST REIT	COM	14174T107	12	600	SH		SOLE	3	600	0	0
CARMAX	COM	143130102	2,705	52,000	SH		OTR	3	52,000	0	0
CARMAX	COM	143130102	338	6,500	SH		SOLE	3	6,500	0	0
CATERPILLAR INC	COM	149123101	1,837	16,900	SH		SOLE	3	16,900	0	0
CBL & ASSOC PPTYS	COM	124830100	88	4,645	SH		SOLE	3	4,645	0	0
CBRE GROUP	CL A	12504L109	2,675	83,500	SH		OTR	3	83,500	0	0
CBRE GROUP	CL A	12504L109	234	7,300	SH		SOLE	3	7,300	0	0
CEDAR REALTY TRUST	COM NEW	150602209	11	1,800	SH		SOLE	3	1,800	0	0
CELGENE	COM	151020104	1,786	20,800	SH		SOLE	3	20,800	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	18	1,800	SH		SOLE	3	1,800	0	0
CENTERPOINT ENERGY	COM	15189T107	296	11,600	SH		SOLE	3	11,600	0	0
CENTRAIS ELETRICAS BRASILEIR	ADR	15234Q207	4	1,200	SH		SOLE	3	1,200	0	0
CENTURYLINK	COM	156700106	552	15,242	SH		SOLE	3	15,242	0	0
CERNER	COM	156782104	433	8,400	SH		SOLE	3	8,400	0	0
CF INDS HLDGS	COM	125269100	385	1,600	SH		SOLE	3	1,600	0	0
CHAMBERS STR	COM	157842105	52	6,500	SH		SOLE	3	6,500	0	0
CHATHAM LODGING	COM	16208T102	15	700	SH		SOLE	3	700	0	0
CHENIERE ENERGY	COM NEW	16411R208	437	6,100	SH		SOLE	3	6,100	0	0
CHESAPEAKE ENERGY	COM	165167107	415	14,100	SH		SOLE	3	14,100	0	0
CHEVRON CORP	COM	166764100	235	1,800	SH		OTR	3	1,800	0	0
CHEVRON CORP	COM	166764100	7,117	54,518	SH		SOLE	3	54,518	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	157	2,300	SH		SOLE	3	2,300	0	0
CHINA MOBILE LIMITED	ADR	16941M109	228	4,700	SH		SOLE	3	4,700	0	0
CHINA PETE & CHEM CORP SPON ADR	SHS	16941R108	167	1,748	SH		DFND	2	1,748	0	0
CHINA PETE & CHEM CORP SPON ADR	SHS	16941R108	126	1,330	SH		SOLE	3	1,330	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	54	1,105	SH		DFND	2	1,105	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	24	500	SH		SOLE	3	500	0	0
CHINA UNICOM (HONG KONG) LTD	ADR	16945R104	29	1,900	SH		SOLE	3	1,900	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	474	800	SH		SOLE	3	800	0	0
CHUBB	COM	171232101	590	6,400	SH		SOLE	3	6,400	0	0
CHURCH & DWIGHT	COM	171340102	252	3,600	SH		SOLE	3	3,600	0	0
CIGNA	COM	125509109	166	1,800	SH		OTR	3	1,800	0	0
CIGNA	COM	125509109	681	7,400	SH		SOLE	3	7,400	0	0
CIMAREX ENERGY	COM	171798101	330	2,300	SH		SOLE	3	2,300	0	0
CINCINNATI FINL	COM	172062101	207	4,315	SH		SOLE	3	4,315	0	0
CINTAS	COM	172908105	203	3,200	SH		SOLE	3	3,200	0	0
CISCO SYS	COM	17275R102	204	8,200	SH		OTR	3	8,200	0	0
CISCO SYS	COM	17275R102	3,422	137,700	SH		SOLE	3	137,700	0	0
CIT GROUP	COM NEW	125581801	238	5,200	SH		SOLE	3	5,200	0	0
CITIGROUP	COM NEW	172967424	4,691	99,600	SH		OTR	3	99,600	0	0
CITIGROUP	COM NEW	172967424	3,721	79,003	SH		SOLE	3	79,003	0	0
CITRIX SYS	COM	177376100	194	3,100	SH		OTR	3	3,100	0	0
CITRIX SYS	COM	177376100	332	5,300	SH		SOLE	3	5,300	0	0
CLEAN ENERGY FUELS	COM	184499101	66	2,000	SH		DFND	4,1,2	2,000	0	0
CLEAN ENERGY FUELS	COM	184499101	84	1,000	SH		DFND	4,1,2	1,000	0	0
CLEAN ENERGY FUELS	COM	184499101	117	10,000	SH		DFND	4,1,2	10,000	0	0
CLEAN ENERGY FUELS	COM	184499101	27	1,000	SH		DFND	4,1,2	1,000	0	0
CLEAN ENERGY FUELS	COM	184499101	46	1,500	SH		DFND	4,1,2	1,500	0	0
CLOROX CO	COM	189054109	302	3,300	SH		SOLE	3	3,300	0	0
CME GROUP	COM	12572Q105	610	8,600	SH		SOLE	3	8,600	0	0
CMS ENERGY	COM	125896100	40	1,300	SH		OTR	3	1,300	0	0
CMS ENERGY	COM	125896100	187	6,000	SH		SOLE	3	6,000	0	0
CNOOC LTD	ADR	126132109	161	900	SH		SOLE	3	900	0	0
COACH	COM	189754104	256	7,500	SH		SOLE	3	7,500	0	0
COBALT INTL ENERGY	COM	19075F106	145	7,900	SH		SOLE	3	7,900	0	0
COCA COLA	COM	191216100	3,092	73,000	SH		DFND		73,000	0	0
COCA COLA	COM	191216100	4,384	103,500	SH		SOLE	3	103,500	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	330	6,900	SH		SOLE	3	6,900	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	758	15,500	SH		SOLE	3	15,500	0	0
COLGATE PALMOLIVE	COM	194162103	1,643	24,100	SH		SOLE	3	24,100	0	0
COLUMBIA PPTY TR	COM NEW	198287203	86	3,300	SH		SOLE	3	3,300	0	0
COMCAST CORP	CL A	20030N101	8,695	161,970	SH		SOLE	3	161,970	0	0
COMERICA	COM	200340107	251	5,000	SH		SOLE	3	5,000	0	0
COMMONWEALTH REIT	CV PFD-E 7.25%	203233606	16,612	644,385	SH		OTR	3	0	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	28	600	SH		SOLE	3	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	3,835	82,778	SH		SOLE	3	82,778	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	16	1,500	SH		SOLE	3	1,500	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	518	48,300	SH		SOLE	3	48,300	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	14	3,300	SH		SOLE	3	3,300	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	131	30,800	SH		SOLE	3	30,800	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	7	300	SH		SOLE	3	300	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	47	2,000	SH		SOLE	3	2,000	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	11	900	SH		SOLE	3	900	0	0
COMPUTER SCIENCES	COM	205363104	228	3,600	SH		SOLE	3	3,600	0	0
CONAGRA FOODS	COM	205887102	315	10,600	SH		SOLE	3	10,600	0	0
CONCHO RES	COM	20605P101	434	3,000	SH		SOLE	3	3,000	0	0
CONOCPHILLIPS	COM	20825C104	163	1,900	SH		OTR	3	1,900	0	0
CONOCPHILLIPS	COM	20825C104	3,524	41,100	SH		SOLE	3	41,100	0	0
CONSOL ENERGY	COM	20854P109	295	6,400	SH		SOLE	3	6,400	0	0
CONSOLIDATED EDISON	COM	209115104	427	7,400	SH		SOLE	3	7,400	0	0
CONSTELLATION BRANDS	CL A	21036P108	379	4,300	SH		SOLE	3	4,300	0	0
CONTINENTAL RESOURCES	COM	212015101	190	1,200	SH		SOLE	3	1,200	0	0
CORE LABORATORIES N	COM	N22717107	167	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	20	600	SH		SOLE	3	600	0	0
CORNING	COM	219350105	799	36,400	SH		SOLE	3	36,400	0	0
CORPBANCA	ADR	21987A209	9	500	SH		SOLE	3	500	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	103	3,135	SH		SOLE	3	3,135	0	0
COSAN	SHS A	G25343107	250	18,400	SH		SOLE	3	18,400	0	0
COSTCO WHSL CORP	COM	22160K105	230	2,000	SH		DFND		2,000	0	0
COSTCO WHSL CORP	COM	22160K105	46	400	SH		OTR	3	400	0	0
COSTCO WHSL CORP	COM	22160K105	1,313	11,400	SH		SOLE	3	11,400	0	0
COUSINS PPTYS	COM	222795106	61	4,863	SH		SOLE	3	4,863	0	0
COVANTA HLDG	COM	22282E102	161	7,800	SH		SOLE	3	7,800	0	0
COVIDIEN	SHS	G2554F113	207	2,300	SH		OTR	3	2,300	0	0
COVIDIEN	SHS	G2554F113	1,057	11,725	SH		SOLE	3	11,725	0	0
CPFL ENERGIA S A	ADR	126153105	9	500	SH		SOLE	3	500	0	0
CPFL ENERGIA S A	ADR	126153105	1,935	106,300	SH		SOLE	3	106,300	0	0
CREE	COM	225447101	465	9,300	SH		SOLE	3	9,300	0	0
CROWN CASTLE INTL	COM	228227104	646	8,700	SH		SOLE	3	8,700	0	0
CROWN HOLDINGS	COM	228368106	224	4,500	SH		SOLE	3	4,500	0	0
CSX	COM	126408103	219	7,100	SH		OTR	3	7,100	0	0
CSX	COM	126408103	810	26,300	SH		SOLE	3	26,300	0	0
CUBESMART	COM	229663109	130,647	7,131,388	SH		OTR	3	7,131,388	0	0
CUBESMART	COM	229663109	66	3,600	SH		SOLE	3	3,600	0	0
CUMMINS	COM	231021106	8,532	55,300	SH		SOLE	3	55,300	0	0
CVS CAREMARK	COM	126650100	345	4,575	SH		OTR	3	4,575	0	0
CVS CAREMARK	COM	126650100	10,814	143,474	SH		SOLE	3	143,474	0	0
CYRUSONE	COM	23283R100	12,731	511,277	SH		OTR	3	511,277	0	0
CYRUSONE	COM	23283R100	15	600	SH		SOLE	3	600	0	0
D R HORTON	COM	23331A109	3,121	126,966	SH		SOLE	3	126,966	0	0
DANAHER CORP	COM	235851102	1,787	22,700	SH		SOLE	3	22,700	0	0
DARDEN RESTAURANTS	COM	237194105	190	4,100	SH		SOLE	3	4,100	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	333	4,600	SH		SOLE	3	4,600	0	0
DCT INDUSTRIAL TRUST	COM	233153105	73	8,900	SH		SOLE	3	8,900	0	0
DDR	COM	23317H102	163,851	9,293,872	SH		OTR	3	9,293,872	0	0
DDR	COM	23317H102	174	9,858	SH		SOLE	3	9,858	0	0
DEERE &	COM	244199105	860	9,500	SH		SOLE	3	9,500	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	7,163	104,200	SH		SOLE	3	104,200	0	0
DELTA AIR LINES INC	COM NEW	247361702	170	4,400	SH		SOLE	3	4,400	0	0
DENBURY RES	COM NEW	247916208	188	10,200	SH		SOLE	3	10,200	0	0
DENTSPLY INTL INC	COM	249030107	156	3,300	SH		SOLE	3	3,300	0	0
DEVON ENERGY CORP	COM	25179M103	333	4,200	SH		OTR	3	4,200	0	0
DEVON ENERGY CORP	COM	25179M103	834	10,500	SH		SOLE	3	10,500	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	134	2,700	SH		SOLE	3	2,700	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	171,410	13,370,483	SH		OTR	3	13,370,483	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	68	5,342	SH		SOLE	3	5,342	0	0
DICKS SPORTING GOODS	COM	253393102	107	2,300	SH		SOLE	3	2,300	0	0
DIGITAL RLTY TR	COM	253868103	52,517	900,504	SH		OTR	3	900,504	0	0
DIGITAL RLTY TR	COM	253868103	455	7,800	SH		SOLE	3	7,800	0	0
DIRECTV	COM	25490A309	1,087	12,783	SH		SOLE	3	12,783	0	0
DISCOVER FINL	COM	254709108	23,645	381,500	SH		SOLE	3	381,500	0	0
DISH NETWORK	CL A	25470M109	410	6,300	SH		SOLE	3	6,300	0	0
DOLLAR GEN CORP	COM	256677105	459	8,000	SH		SOLE	3	8,000	0	0
DOLLAR TREE	COM	256746108	310	5,700	SH		SOLE	3	5,700	0	0
DOMINION RES INC	VA NEW UNIT 04/01/2013	25746U703	2,895	50,000	SH		DFND	4,1,2	50,000	0	0
DOMINION RES INC	VA NEW UNIT 07/01/2016	25746U885	2,905	50,000	SH		DFND	4,1,2	50,000	0	0
DOMINION RES INC VA	COM	25746U109	1,109	15,500	SH		SOLE	3	15,500	0	0
DOUGLAS EMMETT	COM	25960P109	100,222	3,551,445	SH		OTR	3	3,551,445	0	0
DOUGLAS EMMETT	COM	25960P109	99	3,500	SH		SOLE	3	3,500	0	0
DOVER	COM	260003108	719	7,900	SH		SOLE	3	7,900	0	0
DOW CHEM	COM	260543103	87	1,700	SH		OTR	3	1,700	0	0
DOW CHEM	COM	260543103	1,755	34,100	SH		SOLE	3	34,100	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	329	5,624	SH		SOLE	3	5,624	0	0
DR REDDYS LABS	ADR	256135203	142	3,300	SH		SOLE	3	3,300	0	0
DTE ENERGY	COM	233331107	382	4,900	SH		SOLE	3	4,900	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,708	26,100	SH		SOLE	3	26,100	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,340	18,066	SH		SOLE	3	18,066	0	0
DUKE REALTY	COM NEW	264411505	329	18,100	SH		OTR	3	18,100	0	0
DUKE REALTY	COM NEW	264411505	334	18,400	SH		SOLE	3	18,400	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	143	1,300	SH		SOLE	3	1,300	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	49	1,800	SH		SOLE	3	1,800	0	0
E M C CORP	COM	268648102	1,370	52,000	SH		SOLE	3	52,000	0	0
EASTGROUP PPTY	COM	277276101	51	800	SH		SOLE	3	800	0	0
EASTMAN CHEM	COM	277432100	79	900	SH		OTR	3	900	0	0
EASTMAN CHEM	COM	277432100	638	7,300	SH		SOLE	3	7,300	0	0
EATON CORP	SHS	G29183103	1,555	20,148	SH		SOLE	3	20,148	0	0
EBAY	COM	278642103	1,736	34,685	SH		DFND		34,685	0	0
EBAY	COM	278642103	1,652	33,000	SH		SOLE	3	33,000	0	0
ECOLAB	COM	278865100	802	7,200	SH		SOLE	3	7,200	0	0
EDISON	COM	281020107	465	8,000	SH		SOLE	3	8,000	0	0
EDUCATION RLTY TR	COM	28140H104	42,639	3,970,128	SH		OTR	3	3,970,128	0	0
EDUCATION RLTY TR	COM	28140H104	34	3,200	SH		SOLE	3	3,200	0	0
EDWARDS LIFESCIENCES	COM	28176E108	266	3,100	SH		SOLE	3	3,100	0	0
ELECTRONIC ARTS	COM	285512109	283	7,900	SH		SOLE	3	7,900	0	0
ELECTRONICS FOR IMAGING	COM	286082102	2,260	50,000	SH		SOLE	3	50,000	0	0
EMBOTELLADORA ANDINA S A	SPON ADR B	29081P303	5	200	SH		SOLE	3	200	0	0
EMBRAER S A SP ADR REP	COM	29082A107	51	1,400	SH		SOLE	3	1,400	0	0
EMBRAER S A SP ADR REP	COM	29082A107	5,982	164,200	SH		SOLE	3	164,200	0	0
EMERSON ELEC	COM	291011104	1,394	21,000	SH		SOLE	3	21,000	0	0
EMPIRE ST RLTY TR	CL A	292104106	53,035	3,214,242	SH		OTR	3	3,214,242	0	0
EMPIRE ST RLTY TR	CL A	292104106	33	2,000	SH		SOLE	3	2,000	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	23	500	SH		SOLE	3	500	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	145	3,200	SH		SOLE	3	3,200	0	0
ENDO INTL	SHS	G30401106	238	3,400	SH		SOLE	3	3,400	0	0
ENERGEN	COM	29265N108	187	2,100	SH		SOLE	3	2,100	0	0
ENERGIZER HLDGS	COM	29266R108	232	1,900	SH		SOLE	3	1,900	0	0
ENERNOC	COM	292764107	119	6,300	SH		SOLE	3	6,300	0	0
ENERSIS S A	ADR	29274F104	30	1,800	SH		SOLE	3	1,800	0	0
ENERSYS	NOTE 3.375% 6/0	29275YAA0	38,971	22,500,000	PRN		DFND	4,1,2	22,500,000	0	0
ENSCO PLC	CLASS A	G3157S106	161	2,900	SH		OTR	3	2,900	0	0
ENSCO PLC	CLASS A	G3157S106	356	6,400	SH		SOLE	3	6,400	0	0
ENTERGY CORP	COM	29364G103	402	4,900	SH		SOLE	3	4,900	0	0
EOG RES	COM	26875P101	93	800	SH		OTR	3	800	0	0
EOG RES	COM	26875P101	1,694	14,500	SH		SOLE	3	14,500	0	0
EQT	COM	26884L109	428	4,000	SH		SOLE	3	4,000	0	0
EQUIFAX	COM	294429105	203	2,800	SH		SOLE	3	2,800	0	0
EQUINIX	COM NEW	29444U502	294	1,400	SH		SOLE	3	1,400	0	0
EQUITY	COM	294752100	40	1,700	SH		SOLE	3	1,700	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	93	2,100	SH		SOLE	3	2,100	0	0
ESSEX PPTY TR	COM	297178105	166,776	901,930	SH		OTR	3	901,930	0	0
ESSEX PPTY TR	COM	297178105	620	3,352	SH		SOLE	3	3,352	0	0
EVEREST RE GROUP	COM	G3223R108	225	1,400	SH		SOLE	3	1,400	0	0
EXCEL TR	COM	30068C109	17	1,300	SH		SOLE	3	1,300	0	0
EXELON	COM	30161N101	840	23,026	SH		SOLE	3	23,026	0	0
EXPEDIA INC	COM NEW	30212P303	219	2,775	SH		SOLE	3	2,775	0	0
EXPEDITORS INTL WASH	COM	302130109	252	5,700	SH		SOLE	3	5,700	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	1,397	20,145	SH		SOLE	3	20,145	0	0
EXTRA SPACE STORAGE	COM	30225T102	251,081	4,715,131	SH		OTR	3	4,715,131	0	0
EXTRA SPACE STORAGE	COM	30225T102	181	3,400	SH		SOLE	3	3,400	0	0
EXXON MOBIL	COM	30231G102	638	6,334	SH		OTR	3	6,334	0	0
EXXON MOBIL	COM	30231G102	11,717	116,381	SH		SOLE	3	116,381	0	0
F M C	COM NEW	302491303	242	3,400	SH		SOLE	3	3,400	0	0
F5 NETWORKS	COM	315616102	357	3,200	SH		SOLE	3	3,200	0	0
FACEBOOK	CL A	30303M102	3,405	50,600	SH		SOLE	3	50,600	0	0
FAMILY DLR STORES	COM	307000109	2,646	40,000	SH		OTR	3	40,000	0	0
FAMILY DLR STORES	COM	307000109	198	3,000	SH		SOLE	3	3,000	0	0
FASTENAL	COM	311900104	371	7,500	SH		SOLE	3	7,500	0	0
FEDEX	COM	31428X106	4,314	28,500	SH		OTR	3	28,500	0	0
FEDEX	COM	31428X106	10,097	66,700	SH		SOLE	3	66,700	0	0
FELCOR LODGING TR	COM	31430F101	30	2,900	SH		SOLE	3	2,900	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	11	1,100	SH		SOLE	3	1,100	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	1,884	193,800	SH		SOLE	3	193,800	0	0
FIDELITY NATIONAL	CL A	31620R105	184	6,738	SH		SOLE	3	6,738	0	0
FIDELITY NATL INFORMATION	COM	31620M106	8,202	149,829	SH		SOLE	3	149,829	0	0
FIFTH THIRD	COM	316773100	9,836	460,700	SH		SOLE	3	460,700	0	0
FIREEYE	COM	31816Q101	265	6,558	SH		DFND		6,558	0	0
FIREEYE	COM	31816Q101	49	1,200	SH		SOLE	3	1,200	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	102,547	5,443,037	SH		OTR	3	5,443,037	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	51	2,700	SH		SOLE	3	2,700	0	0
FIRST POTOMAC RLTY	COM	33610F109	21	1,600	SH		SOLE	3	1,600	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	132	2,400	SH		SOLE	3	2,400	0	0
FIRST SOLAR	COM	336433107	703	9,900	SH		SOLE	3	9,900	0	0
FIRSTENERGY	COM	337932107	355	10,235	SH		SOLE	3	10,235	0	0
FISERV	COM	337738108	440	7,300	SH		SOLE	3	7,300	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	264	2,000	SH		SOLE	3	2,000	0	0
FLEXTRONICS INTL	ORD	Y2573F102	206	18,600	SH		SOLE	3	18,600	0	0
FLIR SYS	COM	302445101	160	4,600	SH		SOLE	3	4,600	0	0
FLOWSERVE	COM	34354P105	305	4,100	SH		SOLE	3	4,100	0	0
FLUOR CORP	COM	343412102	346	4,500	SH		SOLE	3	4,500	0	0
FMC TECHNOLOGIES	COM	30249U101	385	6,300	SH		SOLE	3	6,300	0	0
FOREST LABS	COM	345838106	634	6,400	SH		SOLE	3	6,400	0	0
FOSSIL GROUP	COM	34988V106	157	1,500	SH		SOLE	3	1,500	0	0
FRANKLIN RES	COM	354613101	8,352	144,400	SH		OTR	3	144,400	0	0
FRANKLIN RES	COM	354613101	636	11,000	SH		SOLE	3	11,000	0	0
FRANKLIN STREET PPTYS	COM	35471R106	29	2,300	SH		SOLE	3	2,300	0	0
FREEPORT-MCMORAN COPPER &	COM	35671D857	1,106	30,308	SH		SOLE	3	30,308	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	197	33,763	SH		SOLE	3	33,763	0	0
GAMESTOP CORP	CL A	36467W109	150	3,700	SH		SOLE	3	3,700	0	0
GAP INC	COM	364760108	603	14,500	SH		SOLE	3	14,500	0	0
GARMIN	SHS	H2906T109	207	3,400	SH		SOLE	3	3,400	0	0
GENERAL DYNAMICS	COM	369550108	93	800	SH		OTR	3	800	0	0
GENERAL DYNAMICS	COM	369550108	1,131	9,700	SH		SOLE	3	9,700	0	0
GENERAL ELECTRIC	COM	369604103	363	13,800	SH		OTR	3	13,800	0	0
GENERAL ELECTRIC	COM	369604103	7,290	277,400	SH		SOLE	3	277,400	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	12,708	539,392	SH		OTR	3	539,392	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	735	31,178	SH		SOLE	3	31,178	0	0
GENERAL MLS	COM	370334104	898	17,100	SH		SOLE	3	17,100	0	0
GENERAL MTRS	COM	37045V100	10,992	302,800	SH		OTR	3	302,800	0	0
GENERAL MTRS	COM	37045V100	1,223	33,700	SH		SOLE	3	33,700	0	0
GENUINE PARTS	COM	372460105	351	4,000	SH		SOLE	3	4,000	0	0
GENWORTH FINL INC	CL A	37247D106	169	9,700	SH		SOLE	3	9,700	0	0
GEO GROUP	COM	36159R103	68	1,900	SH		SOLE	3	1,900	0	0
GETTY RLTY CORP	COM	374297109	15	800	SH		SOLE	3	800	0	0
GILEAD SCIENCES	COM	375558103	248	3,000	SH		DFND	1,2	3,000	0	0
GILEAD SCIENCES	COM	375558103	296	3,571	SH		DFND		3,571	0	0
GILEAD SCIENCES	COM	375558103	3,590	43,300	SH		SOLE	3	43,300	0	0
GLADSTONE COML	COM	376536108	7	400	SH		SOLE	3	400	0	0
GLOBAL PMTS	COM	37940X102	9,761	133,987	SH		SOLE	3	133,987	0	0
GNC HLDGS INC	CL A	36191G107	150	4,414	SH		DFND	4,1,2	4,414	0	0
GOLD FIELDS LTD NEW	ADR	38059T106	20	5,400	SH		SOLE	3	5,400	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,268	7,577	SH		DFND		7,577	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,892	11,300	SH		SOLE	3	11,300	0	0
GOOGLE	CL A	38259P508	4,490	7,680	SH		SOLE	3	7,680	0	0
GRAINGER W W	COM	384802104	407	1,600	SH		SOLE	3	1,600	0	0
GRAMERCY PPTY TR	COM	38489R100	16	2,600	SH		SOLE	3	2,600	0	0
GRUMA SAB DE CV	SPON ADR CL B	400131306	10	200	SH		SOLE	3	200	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	87	2,700	SH		SOLE	3	2,700	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	141	4,100	SH		SOLE	3	4,100	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	226	6,600	SH		SOLE	3	6,600	0	0
HALLIBURTON	COM	406216101	18,569	261,500	SH		SOLE	3	261,500	0	0
HANESBRANDS	COM	410345102	187	1,900	SH		OTR	3	1,900	0	0
HARLEY DAVIDSON	COM	412822108	209	3,000	SH		DFND	1,2	3,000	0	0
HARLEY DAVIDSON	COM	412822108	272	3,907	SH		DFND		3,907	0	0
HARLEY DAVIDSON	COM	412822108	84	1,200	SH		OTR	3	1,200	0	0
HARLEY DAVIDSON	COM	412822108	412	5,900	SH		SOLE	3	5,900	0	0
HARMONY GOLD MNG LTD	ADR	413216300	8	2,700	SH		SOLE	3	2,700	0	0
HARRIS CORP	COM	413875105	8,772	115,800	SH		SOLE	3	115,800	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	340	9,500	SH		OTR	3	9,500	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	430	12,000	SH		SOLE	3	12,000	0	0
HASBRO	COM	418056107	170	3,200	SH		SOLE	3	3,200	0	0
HAWAIIAN HOLDINGS	COM	419879101	5	500	SH		DFND	4,1,2	500	0	0
HAWAIIAN HOLDINGS INC	NOTE 5.000% 3/1	419879AD3	12,639	7,000,000	PRN		DFND	4,1,2	7,000,000	0	0
HCA HOLDINGS	COM	40412C101	457	8,100	SH		SOLE	3	8,100	0	0
HCP	COM	40414L109	149,961	3,623,990	SH		OTR	3	3,623,990	0	0
HCP	COM	40414L109	1,063	25,700	SH		SOLE	3	25,700	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	412	8,800	SH		SOLE	3	8,800	0	0
HEALTH CARE REIT	COM	42217K106	170,908	2,727,103	SH		OTR	3	2,727,103	0	0
HEALTH CARE REIT	COM	42217K106	1,034	16,500	SH		SOLE	3	16,500	0	0
HEALTH NET	COM	42222G108	4,382	105,500	SH		OTR	3	105,500	0	0
HEALTHCARE RLTY	COM	421946104	66	2,600	SH		SOLE	3	2,600	0	0
HEALTHCARE TR AMER	CL A	42225P105	127,271	10,570,701	SH		OTR	3	10,570,701	0	0
HEALTHCARE TR AMER	CL A	42225P105	59	4,900	SH		SOLE	3	4,900	0	0
HEALTHWAYS INC	NOTE 1.500% 7/0	422245AB6	10,975	10,000,000	PRN		DFND	4,1,2	10,000,000	0	0
HELMERICH & PAYNE	COM	423452101	337	2,900	SH		SOLE	3	2,900	0	0
HERBALIFE LTD COM	SHS	G4412G101	1,329	20,600	SH		DFND	4,1,2	20,600	0	0
HERBALIFE LTD COM	SHS	G4412G101	6	98	SH		DFND	4,1,2	98	0	0
HERBALIFE LTD COM	SHS	G4412G101	225	900	SH		DFND	4,1,2	900	0	0
HERBALIFE LTD COM	SHS	G4412G101	155	2,400	SH		SOLE	3	2,400	0	0
HERSHEY	COM	427866108	409	4,200	SH		SOLE	3	4,200	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	331	11,800	SH		SOLE	3	11,800	0	0
HESS	COM	42809H107	776	7,850	SH		SOLE	3	7,850	0	0
HEWLETT PACKARD	COM	428236103	391	11,600	SH		OTR	3	11,600	0	0
HEWLETT PACKARD	COM	428236103	16,170	480,100	SH		SOLE	3	480,100	0	0
HEXCEL CORP	COM	428291108	331	8,100	SH		SOLE	3	8,100	0	0
HIGHWOODS PPTYS	COM	431284108	50,182	1,196,240	SH		OTR	3	1,196,240	0	0
HIGHWOODS PPTYS	COM	431284108	105	2,500	SH		SOLE	3	2,500	0	0
HOLLYFRONTIER	COM	436106108	210	4,800	SH		SOLE	3	4,800	0	0
HOLOGIC	COM	436440101	208	8,200	SH		SOLE	3	8,200	0	0
HOME DEPOT	COM	437076102	3,052	37,700	SH		SOLE	3	37,700	0	0
HOME PROPERTIES	COM	437306103	241,194	3,771,018	SH		OTR	3	3,771,018	0	0
HOME PROPERTIES	COM	437306103	96	1,500	SH		SOLE	3	1,500	0	0
HONEYWELL INTL	COM	438516106	12,530	134,800	SH		SOLE	3	134,800	0	0
HORMEL FOODS	COM	440452100	178	3,600	SH		SOLE	3	3,600	0	0
HOSPIRA	COM	441060100	237	4,620	SH		SOLE	3	4,620	0	0
HOST HOTELS & RESORTS	COM	44107P104	539,376	24,505,934	SH		OTR	3	24,505,934	0	0
HOST HOTELS & RESORTS	COM	44107P104	960	43,608	SH		SOLE	3	43,608	0	0
HUANENG PWR INTL INC SPON ADR	SHS	443304100	50	1,100	SH		SOLE	3	1,100	0	0
HUDSON CITY	COM	443683107	184	18,700	SH		SOLE	3	18,700	0	0
HUDSON PAC PPTYS	COM	444097109	38	1,500	SH		SOLE	3	1,500	0	0
HUMANA	COM	444859102	536	4,200	SH		SOLE	3	4,200	0	0
HUNT J B TRANS SVCS	COM	445658107	207	2,800	SH		SOLE	3	2,800	0	0
HUNTINGTON BANCSHARES	COM	446150104	167	17,500	SH		OTR	3	17,500	0	0
ICICI BK	ADR	45104G104	359	7,200	SH		SOLE	3	7,200	0	0
ICICI BK	ADR	45104G104	5,155	103,300	SH		SOLE	3	103,300	0	0
ICONIX BRAND GROUP	COM	451055107	11,821	275,300	SH		SOLE	3	275,300	0	0
IHS	CL A	451734107	204	1,500	SH		SOLE	3	1,500	0	0
ILLINOIS TOOL WKS	COM	452308109	5,280	60,300	SH		SOLE	3	60,300	0	0
ILLUMINA	COM	452327109	607	3,400	SH		SOLE	3	3,400	0	0
IMPERIAL HLDGS	COM	452834104	5	1,000	SH		DFND	4,1,2	1,000	0	0
INFOSYS LTD	ADR	456788108	124	2,300	SH		SOLE	3	2,300	0	0
INFOSYS LTD	ADR	456788108	2,097	39,000	SH		SOLE	3	39,000	0	0
INGERSOLL-RAND	SHS	G47791101	472	7,544	SH		SOLE	3	7,544	0	0
INLAND REAL ESTATE	COM NEW	457461200	26	2,400	SH		SOLE	3	2,400	0	0
INTEGRYS ENERGY GROUP	COM	45822P105	156	2,200	SH		SOLE	3	2,200	0	0
INTEL	COM	458140100	4,298	139,100	SH		OTR	3	139,100	0	0
INTEL	COM	458140100	4,545	147,100	SH		SOLE	3	147,100	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	13	69	SH		DFND	1,2	69	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	577	3,055	SH		SOLE	3	3,055	0	0
INTERNATIONAL	COM	459506101	188	1,800	SH		SOLE	3	1,800	0	0
INTERNATIONAL BUSINESS	COM	459200101	4,804	26,500	SH		SOLE	3	26,500	0	0
INTERPUBLIC GROUP COS	COM	460690100	3,524	180,600	SH		OTR	3	180,600	0	0
INTERPUBLIC GROUP COS	COM	460690100	201	10,300	SH		SOLE	3	10,300	0	0
INTL PAPER	COM	460146103	652	13,100	SH		SOLE	3	13,100	0	0
INTUIT	COM	461202103	588	7,300	SH		SOLE	3	7,300	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	412	1,000	SH		SOLE	3	1,000	0	0
INVESCO	SHS	G491BT108	7,005	185,550	SH		SOLE	3	185,550	0	0
IROBOT	COM	462726100	286	7,000	SH		DFND	1,2	7,000	0	0
IRON MTN	COM	462846106	173	4,877	SH		SOLE	3	4,877	0	0
ITC HLDGS	COM	465685105	230	6,300	SH		SOLE	3	6,300	0	0
ITRON	COM	465741106	1,788	44,100	SH		OTR	3	44,100	0	0
J2 GLOBAL INC	NOTE 3.250% 6/1 ADDED	48123VAC6	1,020	1,000,000	PRN		DFND	4,1,2	1,000,000	0	0
JACOBS ENGR GROUP INC	COM	469814107	197	3,700	SH		SOLE	3	3,700	0	0
JAKKS PAC	COM	47012E106	164	2,000	SH		DFND	4,1,2	2,000	0	0
JAKKS PAC	COM	47012E106	124	1,000	SH		DFND	4,1,2	1,000	0	0
JAMES RIVER COAL CO	NOTE 10.000% 6/0 DELETED	470355AK4	448	4,074,000	PRN		DFND	4,1,2	4,074,000	0	0
JD COM INC SPON	CL A	47215P106	427	15,000	SH		DFND	1,2	15,000	0	0
JETBLUE AIRWAYS CORP	DBCV 6.750%10/1	477143AF8	36,043	16,100,000	PRN		DFND	4,1,2	16,100,000	0	0
JOHNSON &	COM	478160104	230	2,200	SH		OTR	3	2,200	0	0
JOHNSON &	COM	478160104	7,962	76,100	SH		SOLE	3	76,100	0	0
JOHNSON CTLS	COM	478366107	859	17,200	SH		SOLE	3	17,200	0	0
JOY GLOBAL	COM	481165108	191	3,100	SH		SOLE	3	3,100	0	0
JPMORGAN CHASE &	COM	46625H100	4,281	74,300	SH		OTR	3	74,300	0	0
JPMORGAN CHASE &	COM	46625H100	5,878	102,020	SH		SOLE	3	102,020	0	0
JUNIPER NETWORKS	COM	48203R104	393	16,000	SH		SOLE	3	16,000	0	0
KANSAS CITY	COM NEW	485170302	312	2,900	SH		SOLE	3	2,900	0	0
KATE SPADE &	COM	485865109	381	10,000	SH		DFND	1,2	10,000	0	0
KATE SPADE &	COM	485865109	342	8,972	SH		DFND		8,972	0	0
KB FINANCIAL GROUP INC	ADR	48241A105	226	6,500	SH		SOLE	3	6,500	0	0
KBR	COM	48242W106	110	4,600	SH		SOLE	3	4,600	0	0
KELLOGG	COM	487836108	480	7,300	SH		SOLE	3	7,300	0	0
KEURIG GREEN MTN	COM	49271M100	411	3,300	SH		SOLE	3	3,300	0	0
KEYCORP	COM	493267108	350	24,400	SH		SOLE	3	24,400	0	0
KILROY RLTY	COM	49427F108	246,648	3,960,301	SH		OTR	3	3,960,301	0	0
KILROY RLTY	COM	49427F108	168	2,700	SH		SOLE	3	2,700	0	0
KIMBERLY CLARK	COM	494368103	1,101	9,900	SH		SOLE	3	9,900	0	0
KIMCO RLTY	COM	49446R109	307,104	13,363,977	SH		OTR	3	13,363,977	0	0
KIMCO RLTY	COM	49446R109	561	24,400	SH		SOLE	3	24,400	0	0
KINDER MORGAN INC	COM	49456B101	664	18,300	SH		SOLE	3	18,300	0	0
KINDER MORGAN MANAGEMENT	SHS	49455U100	204	2,586	SH		SOLE	3	2,586	0	0
KITE RLTY GROUP	COM	49803T102	21	3,500	SH		SOLE	3	3,500	0	0
KLA-TENCOR	COM	482480100	312	4,300	SH		SOLE	3	4,300	0	0
KODIAK OIL & GAS	COM	50015Q100	291	20,000	SH		SOLE	3	20,000	0	0
KOHLS	COM	500255104	295	5,600	SH		SOLE	3	5,600	0	0
KOREA ELECTRIC PWR	ADR	500631106	136	7,400	SH		SOLE	3	7,400	0	0
KRAFT FOODS GROUP	COM	50076Q106	977	16,303	SH		SOLE	3	16,303	0	0
KROGER	COM	501044101	618	12,500	SH		SOLE	3	12,500	0	0
KT CORP	ADR	48268K101	15	1,000	SH		SOLE	3	1,000	0	0
L BRANDS	COM	501797104	381	6,500	SH		SOLE	3	6,500	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	157	1,300	SH		OTR	3	1,300	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	302	2,500	SH		SOLE	3	2,500	0	0
LABORATORY CORP AMER	COM NEW	50540R409	2,826	27,600	SH		OTR	3	27,600	0	0
LABORATORY CORP AMER	COM NEW	50540R409	236	2,300	SH		SOLE	3	2,300	0	0
LAM RESEARCH	COM	512807108	264	3,900	SH		SOLE	3	3,900	0	0
LAS VEGAS SANDS	COM	517834107	228	3,000	SH		DFND	1,2	3,000	0	0
LAS VEGAS SANDS	COM	517834107	370	4,861	SH		DFND		4,861	0	0
LAS VEGAS SANDS	COM	517834107	168	2,200	SH		OTR	3	2,200	0	0
LAS VEGAS SANDS	COM	517834107	930	12,200	SH		SOLE	3	12,200	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	38	2,800	SH		SOLE	3	2,800	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	98	7,287	SH		SOLE	3	7,287	0	0
LAUDER ESTEE COS	CL A	518439104	490	6,600	SH		SOLE	3	6,600	0	0
LEGG MASON	COM	524901105	151	2,950	SH		SOLE	3	2,950	0	0
LEGGETT & PLATT	COM	524660107	171	5,000	SH		SOLE	3	5,000	0	0
LENNAR	CL A	526057104	164	3,900	SH		SOLE	3	3,900	0	0
LEUCADIA NATL	COM	527288104	223	8,500	SH		SOLE	3	8,500	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	215	4,900	SH		SOLE	3	4,900	0	0
LEXINGTON REALTY	COM	529043101	61	5,546	SH		SOLE	3	5,546	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	261	5,903	SH		SOLE	3	5,903	0	0
LIBERTY MEDIA CORP	CL A	531229102	314	2,300	SH		SOLE	3	2,300	0	0
LILLY ELI &	COM	532457108	1,641	26,400	SH		SOLE	3	26,400	0	0
LINCOLN NATL CORP	COM	534187109	373	7,249	SH		SOLE	3	7,249	0	0
LINEAR TECHNOLOGY	COM	535678106	311	6,600	SH		SOLE	3	6,600	0	0
LINKEDIN CORP	CL A	53578A108	257	1,500	SH		DFND	1,2	1,500	0	0
LINKEDIN CORP	CL A	53578A108	1,805	10,530	SH		DFND		10,530	0	0
LINKEDIN CORP	CL A	53578A108	480	2,800	SH		SOLE	3	2,800	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	3,010	121,900	SH		OTR	3	121,900	0	0
LKQ	COM	501889208	181	6,800	SH		SOLE	3	6,800	0	0
LOCKHEED MARTIN	COM	539830109	1,125	7,000	SH		SOLE	3	7,000	0	0
LOEWS	COM	540424108	370	8,400	SH		SOLE	3	8,400	0	0
LORILLARD	COM	544147101	5,012	82,200	SH		SOLE	3	82,200	0	0
LOWES COS	COM	548661107	7,352	153,200	SH		SOLE	3	153,200	0	0
LTC PPTYS	COM	502175102	39	1,000	SH		SOLE	3	1,000	0	0
LULULEMON ATHLETICA	COM	550021109	121	3,000	SH		SOLE	3	3,000	0	0
M & T BK	COM	55261F104	409	3,300	SH		SOLE	3	3,300	0	0
MACERICH	COM	554382101	349,073	5,229,551	SH		OTR	3	5,229,551	0	0
MACERICH	COM	554382101	550	8,245	SH		SOLE	3	8,245	0	0
MACK CALI RLTY	COM	554489104	90,844	4,229,253	SH		OTR	3	4,229,253	0	0
MACK CALI RLTY	COM	554489104	52	2,400	SH		SOLE	3	2,400	0	0
MACYS	COM	55616P104	12,724	219,298	SH		SOLE	3	219,298	0	0
MANPOWERGROUP	COM	56418H100	1,052	12,400	SH		SOLE	3	12,400	0	0
MARATHON OIL	COM	565849106	735	18,400	SH		SOLE	3	18,400	0	0
MARATHON PETE	COM	56585A102	78	1,000	SH		OTR	3	1,000	0	0
MARATHON PETE	COM	56585A102	5,289	67,750	SH		SOLE	3	67,750	0	0
MARRIOTT INTL INC	CL A	571903202	19,680	307,017	SH		SOLE	3	307,017	0	0
MARSH & MCLENNAN COS	COM	571748102	777	15,000	SH		SOLE	3	15,000	0	0
MARTIN MARIETTA MATLS	COM	573284106	172	1,300	SH		SOLE	3	1,300	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	179	12,500	SH		SOLE	3	12,500	0	0
MASCO	COM	574599106	224	10,100	SH		SOLE	3	10,100	0	0
MASTERCARD	CL A	57636Q104	5,525	75,200	SH		OTR	3	75,200	0	0
MASTERCARD	CL A	57636Q104	1,940	26,400	SH		SOLE	3	26,400	0	0
MATTEL	COM	577081102	359	9,200	SH		SOLE	3	9,200	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	243	7,200	SH		SOLE	3	7,200	0	0
MCDONALDS	COM	580135101	211	2,097	SH		OTR	3	2,097	0	0
MCDONALDS	COM	580135101	2,609	25,900	SH		SOLE	3	25,900	0	0
MCGRAW HILL FINL	COM	580645109	7,797	93,900	SH		SOLE	3	93,900	0	0
MCKESSON	COM	58155Q103	1,182	6,350	SH		SOLE	3	6,350	0	0
MDU RES GROUP	COM	552690109	186	5,300	SH		SOLE	3	5,300	0	0
MEAD JOHNSON NUTRITION	COM	582839106	475	5,100	SH		SOLE	3	5,100	0	0
MEADWESTVACO	COM	583334107	235	5,300	SH		SOLE	3	5,300	0	0
MEDICAL PPTYS TRUST	COM	58463J304	61	4,600	SH		SOLE	3	4,600	0	0
MEDTRONIC	COM	585055106	1,683	26,400	SH		SOLE	3	26,400	0	0
MERCADOLIBRE	COM	58733R102	1,507	15,800	SH		DFND	4,1,2	15,800	0	0
MERCK & CO INC	COM	58933Y105	4,602	79,558	SH		SOLE	3	79,558	0	0
METLIFE	COM	59156R108	1,461	26,300	SH		SOLE	3	26,300	0	0
METTLER TOLEDO	COM	592688105	177	700	SH		SOLE	3	700	0	0
MGM RESORTS	COM	552953101	259	9,800	SH		SOLE	3	9,800	0	0
MICHAEL KORS HLDGS	SHS	G60754101	452	5,100	SH		SOLE	3	5,100	0	0
MICROCHIP TECHNOLOGY	COM	595017104	439	9,000	SH		SOLE	3	9,000	0	0
MICROCHIP TECHNOLOGY INC	SDCV 2.125%12/1	595017AB0	43,000	22,500,000	PRN		DFND	4,1,2	22,500,000	0	0
MICRON TECHNOLOGY	COM	595112103	1,377	41,800	SH		SOLE	3	41,800	0	0
MICROSOFT	COM	594918104	367	8,800	SH		OTR	3	8,800	0	0
MICROSOFT	COM	594918104	8,820	211,500	SH		SOLE	3	211,500	0	0
MID-AMER APT CMNTYS	COM	59522J103	150	2,056	SH		SOLE	3	2,056	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	1,974	100,000	SH		OTR	3	100,000	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	182	9,210	SH		SOLE	3	9,210	0	0
MOHAWK INDS	COM	608190104	235	1,700	SH		SOLE	3	1,700	0	0
MOLYCORP INC	COM	608753109	481	187,500	SH		DFND	4,1,2	187,500	0	0
MONDELEZ INTL	CL A	609207105	1,806	48,011	SH		SOLE	3	48,011	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	13	1,300	SH		SOLE	3	1,300	0	0
MONSANTO CO	COM	61166W101	162	1,300	SH		OTR	3	1,300	0	0
MONSANTO CO	COM	61166W101	1,722	13,806	SH		SOLE	3	13,806	0	0
MONSTER BEVERAGE	COM	611740101	249	3,500	SH		SOLE	3	3,500	0	0
MOODYS	COM	615369105	8,941	102,000	SH		SOLE	3	102,000	0	0
MORGAN	COM NEW	617446448	252	7,800	SH		OTR	3	7,800	0	0
MORGAN	COM NEW	617446448	1,357	41,970	SH		SOLE	3	41,970	0	0
MOSAIC CO	COM	61945C103	440	8,900	SH		SOLE	3	8,900	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	5,819	87,413	SH		SOLE	3	87,413	0	0
MURPHY OIL	COM	626717102	312	4,700	SH		SOLE	3	4,700	0	0
MYLAN	COM	628530107	3,522	68,300	SH		SOLE	3	68,300	0	0
NABORS INDUSTRIES	SHS	G6359F103	223	7,600	SH		SOLE	3	7,600	0	0
NASDAQ OMX GROUP	COM	631103108	166	4,300	SH		SOLE	3	4,300	0	0
NATIONAL HEALTH INVS	COM	63633D104	50	800	SH		SOLE	3	800	0	0
NATIONAL OILWELL VARCO	COM	637071101	8,210	99,700	SH		OTR	3	99,700	0	0
NATIONAL OILWELL VARCO	COM	637071101	7,917	96,133	SH		SOLE	3	96,133	0	0
NATIONAL RETAIL PPTYS	COM	637417106	115,658	3,109,914	SH		OTR	3	3,109,914	0	0
NATIONAL RETAIL PPTYS	COM	637417106	123	3,300	SH		SOLE	3	3,300	0	0
NAVIENT	COM	63938C108	218	12,300	SH		SOLE	3	12,300	0	0
NCR CORP	COM	62886E108	182	5,197	SH		DFND	4,1,2	5,197	0	0
NETAPP	COM	64110D104	256	7,000	SH		OTR	3	7,000	0	0
NETAPP	COM	64110D104	321	8,800	SH		SOLE	3	8,800	0	0
NETFLIX	COM	64110L106	661	1,500	SH		SOLE	3	1,500	0	0
NEW YORK CMNTY BANCORP	COM	649445103	189	11,800	SH		SOLE	3	11,800	0	0
NEW YORK REIT	COM	64976L109	49	4,400	SH		SOLE	3	4,400	0	0
NEWELL RUBBERMAID	COM	651229106	273	8,800	SH		SOLE	3	8,800	0	0
NEWMONT MINING	COM	651639106	354	13,900	SH		SOLE	3	13,900	0	0
NEWS CORP	CL A	65249B109	211	11,737	SH		SOLE	3	11,737	0	0
NEXTERA ENERGY	COM	65339F101	252	2,462	SH		OTR	3	2,462	0	0
NEXTERA ENERGY	COM	65339F101	5,841	57,000	SH		SOLE	3	57,000	0	0
NIELSEN N	COM	N63218106	339	7,000	SH		SOLE	3	7,000	0	0
NISOURCE	COM	65473P105	350	8,900	SH		SOLE	3	8,900	0	0
NOBLE ENERGY	COM	655044105	5,810	75,000	SH		SOLE	3	75,000	0	0
NORDSTROM	COM	655664100	265	3,900	SH		SOLE	3	3,900	0	0
NORFOLK SOUTHERN	COM	655844108	185	1,800	SH		OTR	3	1,800	0	0
NORFOLK SOUTHERN	COM	655844108	855	8,300	SH		SOLE	3	8,300	0	0
NORTHEAST	COM	664397106	410	8,680	SH		SOLE	3	8,680	0	0
NORTHERN TR	COM	665859104	405	6,300	SH		SOLE	3	6,300	0	0
NORTHROP GRUMMAN	COM	666807102	18,363	153,500	SH		SOLE	3	153,500	0	0
NRG ENERGY	COM NEW	629377508	327	8,800	SH		SOLE	3	8,800	0	0
NRG YIELD INC	CL A	62942X108	31	1,000	SH		DFND	4,1,2	1,000	0	0
NRG YIELD INC	CL A	62942X108	39	500	SH		DFND	4,1,2	500	0	0
NRG YIELD INC	CL A	62942X108	38	1,000	SH		DFND	4,1,2	1,000	0	0
NRG YIELD INC	CL A	62942X108	180	1,000	SH		DFND	4,1,2	1,000	0	0
NRG YIELD INC	CL A	62942X108	255	4,900	SH		SOLE	3	4,900	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	309	16,485	SH		DFND		16,485	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	152	8,100	SH		SOLE	3	8,100	0	0
NUCOR	COM	670346105	433	8,800	SH		SOLE	3	8,800	0	0
NVIDIA	COM	67066G104	1,063	57,350	SH		SOLE	3	57,350	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	452	3,000	SH		SOLE	3	3,000	0	0
OCCIDENTAL PETE CORP	COM	674599105	174	1,700	SH		OTR	3	1,700	0	0
OCCIDENTAL PETE CORP	COM	674599105	2,196	21,400	SH		SOLE	3	21,400	0	0
OCEANEERING INTL	COM	675232102	195	2,500	SH		SOLE	3	2,500	0	0
OCWEN FINL	COM NEW	675746309	93	2,500	SH		SOLE	3	2,500	0	0
OGE ENERGY	COM	670837103	184	4,700	SH		SOLE	3	4,700	0	0
OMEGA HEALTHCARE INVS	COM	681936100	191,070	5,183,671	SH		OTR	3	5,183,671	0	0
OMEGA HEALTHCARE INVS	COM	681936100	129	3,500	SH		SOLE	3	3,500	0	0
OMNICARE	COM	681904108	186	2,800	SH		SOLE	3	2,800	0	0
OMNICOM GROUP	COM	681919106	506	7,100	SH		SOLE	3	7,100	0	0
ONE LIBERTY PPTYS	COM	682406103	9	400	SH		SOLE	3	400	0	0
ONEOK INC	COM	682680103	374	5,500	SH		SOLE	3	5,500	0	0
ORACLE	COM	68389X105	12,406	306,100	SH		OTR	3	306,100	0	0
ORACLE	COM	68389X105	3,910	96,483	SH		SOLE	3	96,483	0	0
ORMAT TECHNOLOGIES	COM	686688102	130	4,500	SH		SOLE	3	4,500	0	0
OSHKOSH	COM	688239201	4,776	86,000	SH		SOLE	3	86,000	0	0
OWENS ILL	COM NEW	690768403	187	5,400	SH		SOLE	3	5,400	0	0
P T TELEKOMUNIKASI INDONESIA	ADR	715684106	42	1,000	SH		SOLE	3	1,000	0	0
PACCAR	COM	693718108	649	10,337	SH		SOLE	3	10,337	0	0
PALL	COM	696429307	290	3,400	SH		SOLE	3	3,400	0	0
PANDORA MEDIA	COM	698354107	236	8,000	SH		DFND	1,2	8,000	0	0
PANDORA MEDIA	COM	698354107	649	22,026	SH		DFND		22,026	0	0
PARKER HANNIFIN	COM	701094104	754	6,000	SH		SOLE	3	6,000	0	0
PARKWAY PPTYS	COM	70159Q104	13,106	634,664	SH		OTR	3	634,664	0	0
PARKWAY PPTYS	COM	70159Q104	41	2,000	SH		SOLE	3	2,000	0	0
PARTNERRE	COM	G6852T105	197	1,800	SH		SOLE	3	1,800	0	0
PATTERN ENERGY GROUP	CL A	70338P100	341	10,300	SH		SOLE	3	10,300	0	0
PATTERSON COMPANIES	COM	703395103	103	2,600	SH		SOLE	3	2,600	0	0
PAYCHEX	COM	704326107	382	9,200	SH		SOLE	3	9,200	0	0
PDL BIOPHARMA	COM	69329Y104	281	29,119	SH		DFND	4,1,2	29,119	0	0
PDL BIOPHARMA	COM	69329Y104	2	525	SH		DFND	4,1,2	525	0	0
PEABODY ENERGY	COM	704549104	157	9,600	SH		SOLE	3	9,600	0	0
PEBBLEBROOK HOTEL	COM	70509V100	88,575	2,396,506	SH		OTR	3	2,396,506	0	0
PEBBLEBROOK HOTEL	COM	70509V100	63	1,700	SH		SOLE	3	1,700	0	0
PENN NATL GAMING	COM	707569109	819	67,500	SH		OTR	3	67,500	0	0
PENTAIR	SHS	G7S00T104	101	1,400	SH		OTR	3	1,400	0	0
PENTAIR	SHS	G7S00T104	402	5,580	SH		SOLE	3	5,580	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	185	12,200	SH		SOLE	3	12,200	0	0
PEPCO HOLDINGS	COM	713291102	176	6,400	SH		SOLE	3	6,400	0	0
PEPSICO	COM	713448108	170	1,900	SH		OTR	3	1,900	0	0
PEPSICO	COM	713448108	3,671	41,085	SH		SOLE	3	41,085	0	0
PERRIGO CO	SHS	G97822103	87	600	SH		OTR	3	600	0	0
PERRIGO CO	SHS	G97822103	539	3,700	SH		SOLE	3	3,700	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	32	251	SH		DFND	2	251	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	138	1,100	SH		SOLE	3	1,100	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	66	4,500	SH		SOLE	3	4,500	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	11,798	806,400	SH		SOLE	3	806,400	0	0
PETSMART	COM	716768106	179	3,000	SH		SOLE	3	3,000	0	0
PFIZER	COM	717081103	403	13,583	SH		OTR	3	13,583	0	0
PFIZER	COM	717081103	5,132	172,921	SH		SOLE	3	172,921	0	0
PG&E	COM	69331C108	567	11,800	SH		SOLE	3	11,800	0	0
PHARMACYCLICS	COM	716933106	161	1,800	SH		SOLE	3	1,800	0	0
PHILIP MORRIS INTL	COM	718172109	129	1,528	SH		OTR	3	1,528	0	0
PHILIP MORRIS INTL	COM	718172109	3,600	42,700	SH		SOLE	3	42,700	0	0
PHILIPPINE LONG DISTANCE TEL	ADR	718252604	620	9,200	SH		SOLE	3	9,200	0	0
PHILLIPS	COM	718546104	2,956	36,750	SH		SOLE	3	36,750	0	0
PHYSICIANS RLTY	COM	71943U104	13	900	SH		SOLE	3	900	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	78	4,100	SH		SOLE	3	4,100	0	0
PINNACLE WEST CAP	COM	723484101	156	2,700	SH		SOLE	3	2,700	0	0
PIONEER NAT RES	COM	723787107	850	3,700	SH		SOLE	3	3,700	0	0
PLUM CREEK TIMBER CO	COM	729251108	230	5,100	SH		SOLE	3	5,100	0	0
PNC FINL SVCS GROUP	COM	693475105	1,255	14,096	SH		SOLE	3	14,096	0	0
POLARIS INDS	COM	731068102	195	1,500	SH		SOLE	3	1,500	0	0
POSCO	ADR	693483109	320	4,300	SH		SOLE	3	4,300	0	0
POST PPTYS	COM	737464107	8,394	157,012	SH		OTR	3	157,012	0	0
POST PPTYS	COM	737464107	80	1,500	SH		SOLE	3	1,500	0	0
PPG INDS	COM	693506107	1,492	7,100	SH		SOLE	3	7,100	0	0
PPL	COM	69351T106	590	16,600	SH		SOLE	3	16,600	0	0
PRAXAIR	COM	74005P104	1,554	11,700	SH		SOLE	3	11,700	0	0
PRECISION CASTPARTS	COM	740189105	1,136	4,500	SH		SOLE	3	4,500	0	0
PRICE T ROWE GROUP	COM	74144T108	574	6,800	SH		SOLE	3	6,800	0	0
PRICELINE GRP	COM NEW	741503403	360	300	SH		DFND	1,2	300	0	0
PRICELINE GRP	COM NEW	741503403	2,686	2,233	SH		DFND		2,233	0	0
PRICELINE GRP	COM NEW	741503403	1,829	1,520	SH		SOLE	3	1,520	0	0
PRINCIPAL FINL GROUP	COM	74251V102	389	7,700	SH		SOLE	3	7,700	0	0
PROCTER & GAMBLE	COM	742718109	86	1,100	SH		OTR	3	1,100	0	0
PROCTER & GAMBLE	COM	742718109	5,599	71,237	SH		SOLE	3	71,237	0	0
PROGRESSIVE CORP	COM	743315103	365	14,400	SH		SOLE	3	14,400	0	0
PROLOGIS	COM	74340W103	683,158	16,625,902	SH		OTR	3	16,625,902	0	0
PROLOGIS	COM	74340W103	1,187	28,884	SH		SOLE	3	28,884	0	0
PROLOGIS	NOTE 3.250% 3/1	743410AY8	2,848	2,497,000	PRN		DFND	4,1,2	2,497,000	0	0
PRUDENTIAL FINL	COM	744320102	337	3,800	SH		OTR	3	3,800	0	0
PRUDENTIAL FINL	COM	744320102	13,404	151,000	SH		SOLE	3	151,000	0	0
PS BUSINESS PKS INC	COM	69360J107	50	600	SH		SOLE	3	600	0	0
PUBLIC	COM	74460D109	606,298	3,538,361	SH		OTR	3	3,538,361	0	0
PUBLIC	COM	74460D109	1,388	8,100	SH		SOLE	3	8,100	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	551	13,500	SH		SOLE	3	13,500	0	0
PULTE GROUP	COM	745867101	165	8,200	SH		SOLE	3	8,200	0	0
PVH	COM	693656100	233	2,000	SH		SOLE	3	2,000	0	0
QEP RES	COM	74733V100	176	5,100	SH		SOLE	3	5,100	0	0
QTS RLTY TR INC	CL A	74736A103	11	400	SH		SOLE	3	400	0	0
QUALCOMM	COM	747525103	2,407	30,400	SH		DFND	4,1,2	30,400	0	0
QUALCOMM	COM	747525103	277	700	SH		DFND	4,1,2	700	0	0
QUALCOMM	COM	747525103	198	2,500	SH		OTR	3	2,500	0	0
QUALCOMM	COM	747525103	3,984	50,300	SH		SOLE	3	50,300	0	0
QUANTA SVCS	COM	74762E102	488	14,100	SH		SOLE	3	14,100	0	0
QUEST DIAGNOSTICS	COM	74834L100	223	3,800	SH		SOLE	3	3,800	0	0
RACKSPACE HOSTING	COM	750086100	111	3,300	SH		SOLE	3	3,300	0	0
RALPH LAUREN	CL A	751212101	169	1,053	SH		DFND	4,1,2	1,053	0	0
RALPH LAUREN	CL A	751212101	3,471	21,600	SH		OTR	3	21,600	0	0
RALPH LAUREN	CL A	751212101	273	1,700	SH		SOLE	3	1,700	0	0
RANGE RES	COM	75281A109	374	4,300	SH		SOLE	3	4,300	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	152	3,000	SH		SOLE	3	3,000	0	0
RAYONIER	COM	754907103	107	3,000	SH		SOLE	3	3,000	0	0
RAYTHEON	COM NEW	755111507	1,135	12,300	SH		SOLE	3	12,300	0	0
REALOGY HLDGS	COM	75605Y106	136	3,600	SH		SOLE	3	3,600	0	0
REALTY INCOME	COM	756109104	59,482	1,339,087	SH		OTR	3	1,339,087	0	0
REALTY INCOME	COM	756109104	531	11,950	SH		SOLE	3	11,950	0	0
RED HAT	COM	756577102	298	5,400	SH		SOLE	3	5,400	0	0
REGENCY CTRS	COM	758849103	293,514	5,271,437	SH		OTR	3	5,271,437	0	0
REGENCY CTRS	COM	758849103	334	6,000	SH		SOLE	3	6,000	0	0
REGENERON	COM	75886F107	593	2,100	SH		SOLE	3	2,100	0	0
REGIONS FINL CORP	COM	7591EP100	408	38,435	SH		SOLE	3	38,435	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	139	1,300	SH		SOLE	3	1,300	0	0
RENEWABLE ENERGY GROUP	COM NEW	75972A301	229	20,000	SH		DFND	4,1,2	20,000	0	0
RENEWABLE ENERGY GROUP	COM NEW	75972A301	12	1,000	SH		DFND	4,1,2	1,000	0	0
RENEWABLE ENERGY GROUP	COM NEW	75972A301	10	1,000	SH		DFND	4,1,2	1,000	0	0
REPUBLIC SVCS	COM	760759100	186	4,900	SH		OTR	3	4,900	0	0
REPUBLIC SVCS	COM	760759100	311	8,200	SH		SOLE	3	8,200	0	0
RESMED	COM	761152107	182	3,600	SH		SOLE	3	3,600	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	36	2,300	SH		SOLE	3	2,300	0	0
RETAIL PPTYS AMER	CL A	76131V202	126,291	8,211,399	SH		OTR	3	8,211,399	0	0
RETAIL PPTYS AMER	CL A	76131V202	78	5,100	SH		SOLE	3	5,100	0	0
REXFORD INDL RLTY	COM	76169C100	2,099	147,413	SH		OTR	3	147,413	0	0
REXFORD INDL RLTY	COM	76169C100	6	400	SH		SOLE	3	400	0	0
REYNOLDS AMERICAN	COM	761713106	495	8,200	SH		SOLE	3	8,200	0	0
RLJ LODGING	COM	74965L101	132,193	4,575,742	SH		OTR	3	4,575,742	0	0
RLJ LODGING	COM	74965L101	127	4,400	SH		SOLE	3	4,400	0	0
ROBERT HALF INTL	COM	770323103	284	5,950	SH		SOLE	3	5,950	0	0
ROCK-TENN	CL A	772739207	180	1,700	SH		SOLE	3	1,700	0	0
ROCKWELL AUTOMATION	COM	773903109	653	5,220	SH		SOLE	3	5,220	0	0
ROCKWELL COLLINS	COM	774341101	281	3,600	SH		SOLE	3	3,600	0	0
ROCKWOOD HLDGS	COM	774415103	418	5,500	SH		SOLE	3	5,500	0	0
ROPER INDS INC	COM	776696106	423	2,900	SH		SOLE	3	2,900	0	0
ROSS STORES	COM	778296103	112	1,700	SH		OTR	3	1,700	0	0
ROSS STORES	COM	778296103	370	5,600	SH		SOLE	3	5,600	0	0
ROUSE PPTYS	COM	779287101	16	907	SH		SOLE	3	907	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	667	12,000	SH		SOLE	3	12,000	0	0
RYLAND GROUP	COM	783764103	241	6,117	SH		DFND	4,1,2	6,117	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	67	1,400	SH		SOLE	3	1,400	0	0
SABRA HEALTH CARE REIT	COM	78573L106	37	1,300	SH		SOLE	3	1,300	0	0
SAFEWAY	COM NEW	786514208	203	5,900	SH		SOLE	3	5,900	0	0
SALESFORCE COM	COM	79466L302	865	14,900	SH		SOLE	3	14,900	0	0
SANDISK	COM	80004C101	5,190	49,700	SH		SOLE	3	49,700	0	0
SANDISK CORP	NOTE 1.500% 8/1	80004CAD3	33,722	16,450,000	PRN		DFND	4,1,2	16,450,000	0	0
SASOL LTD	ADR	803866300	124	2,100	SH		SOLE	3	2,100	0	0
SAUL CTRS	COM	804395101	19	400	SH		SOLE	3	400	0	0
SBA COMMUNICATIONS	COM	78388J106	368	3,600	SH		SOLE	3	3,600	0	0
SCANA CORP	COM	80589M102	167	3,100	SH		SOLE	3	3,100	0	0
SCHEIN HENRY	COM	806407102	297	2,500	SH		SOLE	3	2,500	0	0
SCHLUMBERGER	COM	806857108	4,130	35,017	SH		SOLE	3	35,017	0	0
SCHWAB CHARLES CORP	COM	808513105	827	30,700	SH		SOLE	3	30,700	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	203	2,500	SH		SOLE	3	2,500	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	494	8,700	SH		SOLE	3	8,700	0	0
SEALED AIR CORP	COM	81211K100	150	4,400	SH		SOLE	3	4,400	0	0
SEARS HLDGS	COM	812350106	65	1,625	SH		SOLE	3	1,625	0	0
SEI INVESTMENTS	COM	784117103	134	4,100	SH		SOLE	3	4,100	0	0
SEMPRA	COM	816851109	3,246	31,000	SH		SOLE	3	31,000	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	164	3,500	SH		SOLE	3	3,500	0	0
SERVICENOW	COM	81762P102	229	3,700	SH		SOLE	3	3,700	0	0
SESA STERLITE LTD	ADR	78413F103	93	4,800	SH		SOLE	3	4,800	0	0
SHERWIN WILLIAMS	COM	824348106	476	2,300	SH		SOLE	3	2,300	0	0
SHINHAN FINANCIAL GROUP CO	L SPN ADR RESTRD	824596100	330	7,200	SH		SOLE	3	7,200	0	0
SIGMA ALDRICH	COM	826552101	2,232	22,000	SH		DFND	4,1,2	22,000	0	0
SIGMA ALDRICH	COM	826552101	205	500	SH		DFND	4,1,2	500	0	0
SIGMA ALDRICH	COM	826552101	315	3,100	SH		SOLE	3	3,100	0	0
SILVER BAY RLTY TR	COM	82735Q102	16	1,000	SH		SOLE	3	1,000	0	0
SIMON PPTY GROUP INC	COM	828806109	1,396,504	8,398,506	SH		OTR	3	8,398,506	0	0
SIMON PPTY GROUP INC	COM	828806109	2,912	17,511	SH		SOLE	3	17,511	0	0
SIRIUS XM HLDGS	COM	82968B103	265	76,500	SH		SOLE	3	76,500	0	0
SIX FLAGS ENTMT CORP	COM	83001A102	7,825	183,900	SH		SOLE	3	183,900	0	0
SK TELECOM LTD	ADR	78440P108	0	3	SH		DFND	2	3	0	0
SK TELECOM LTD	ADR	78440P108	36	1,400	SH		SOLE	3	1,400	0	0
SKYWORKS SOLUTIONS	COM	83088M102	103	2,200	SH		SOLE	3	2,200	0	0
SL GREEN RLTY	COM	78440X101	452,845	4,138,971	SH		OTR	3	4,138,971	0	0
SL GREEN RLTY	COM	78440X101	580	5,300	SH		SOLE	3	5,300	0	0
SMUCKER J M	COM NEW	832696405	288	2,700	SH		SOLE	3	2,700	0	0
SOLAZYME	COM	83415T101	294	25,000	SH		DFND	4,1,2	25,000	0	0
SOLAZYME	COM	83415T101	34	500	SH		DFND	4,1,2	500	0	0
SOLAZYME	COM	83415T101	132	11,200	SH		SOLE	3	11,200	0	0
SOUTHERN	COM	842587107	1,089	24,000	SH		SOLE	3	24,000	0	0
SOUTHWEST AIRLS	COM	844741108	129	4,800	SH		SOLE	3	4,800	0	0
SOUTHWESTERN ENERGY	COM	845467109	437	9,600	SH		SOLE	3	9,600	0	0
SOVRAN SELF STORAGE	COM	84610H108	70	900	SH		SOLE	3	900	0	0
SPDR GOLD TRUST	SHS	78463V107	512	4,000	SH		SOLE	3	4,000	0	0
SPECTRA ENERGY	COM	847560109	951	22,396	SH		SOLE	3	22,396	0	0
SPIRIT AIRLS	COM	848577102	557	8,800	SH		SOLE	3	8,800	0	0
SPIRIT RLTY CAP INC	COM	84860W102	115	10,100	SH		SOLE	3	10,100	0	0
SPLUNK	COM	848637104	563	10,184	SH		DFND		10,184	0	0
SPX	COM	784635104	162	1,500	SH		SOLE	3	1,500	0	0
ST JUDE MED	COM	790849103	12,361	178,500	SH		SOLE	3	178,500	0	0
STAG INDL	COM	85254J102	1,555	64,772	SH		OTR	3	64,772	0	0
STAG INDL	COM	85254J102	36	1,500	SH		SOLE	3	1,500	0	0
STANLEY BLACK & DECKER	COM	854502101	362	4,124	SH		SOLE	3	4,124	0	0
STAPLES	COM	855030102	203	18,700	SH		SOLE	3	18,700	0	0
STARBUCKS	COM	855244109	232	3,000	SH		DFND	1,2	3,000	0	0
STARBUCKS	COM	855244109	1,429	18,468	SH		DFND		18,468	0	0
STARBUCKS	COM	855244109	1,540	19,900	SH		SOLE	3	19,900	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	1,463	18,100	SH		OTR	3	18,100	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	404	5,000	SH		SOLE	3	5,000	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	26	1,000	SH		SOLE	3	1,000	0	0
STATE STR	COM	857477103	1,267	18,843	SH		SOLE	3	18,843	0	0
STERICYCLE	COM	858912108	261	2,200	SH		SOLE	3	2,200	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	87,774	7,495,622	SH		OTR	3	7,495,622	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	76	6,500	SH		SOLE	3	6,500	0	0
STRYKER	COM	863667101	767	9,100	SH		SOLE	3	9,100	0	0
SUMMIT HOTEL	COM	866082100	2,488	234,717	SH		OTR	3	234,717	0	0
SUMMIT HOTEL	COM	866082100	24	2,300	SH		SOLE	3	2,300	0	0
SUN CMNTYS	COM	866674104	10,650	213,691	SH		OTR	3	213,691	0	0
SUN CMNTYS	COM	866674104	50	1,000	SH		SOLE	3	1,000	0	0
SUNPOWER	COM	867652406	229	5,600	SH		SOLE	3	5,600	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	109,534	7,336,517	SH		OTR	3	7,336,517	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	73	4,870	SH		SOLE	3	4,870	0	0
SUNTRUST BKS	COM	867914103	571	14,248	SH		SOLE	3	14,248	0	0
SUPERIOR ENERGY SVCS	COM	868157108	152	4,200	SH		SOLE	3	4,200	0	0
SYMANTEC	COM	871503108	414	18,100	SH		SOLE	3	18,100	0	0
SYNOPSYS	COM	871607107	190	4,900	SH		SOLE	3	4,900	0	0
SYSCO	COM	871829107	588	15,700	SH		SOLE	3	15,700	0	0
T-MOBILE US	COM	872590104	207	6,150	SH		SOLE	3	6,150	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	530	24,800	SH		SOLE	3	24,800	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	5,611	160,460	SH		OTR	3	160,460	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	91	2,600	SH		SOLE	3	2,600	0	0
TARGET	COM	87612E106	939	16,200	SH		SOLE	3	16,200	0	0
TATA MTRS LTD	ADR	876568502	344	8,800	SH		SOLE	3	8,800	0	0
TAUBMAN CTRS	COM	876664103	192,774	2,542,862	SH		OTR	3	2,542,862	0	0
TAUBMAN CTRS	COM	876664103	129	1,700	SH		SOLE	3	1,700	0	0
TD AMERITRADE HLDG	COM	87236Y108	229	7,300	SH		SOLE	3	7,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	6,932	112,100	SH		OTR	3	112,100	0	0
TE CONNECTIVITY LTD	SHS	H84989104	8,702	140,725	SH		SOLE	3	140,725	0	0
TELEFONICA BRASIL SA	ADR	87936R106	16	800	SH		SOLE	3	800	0	0
TELEFONICA BRASIL SA	ADR	87936R106	4,651	226,760	SH		SOLE	3	226,760	0	0
TENET HEALTHCARE	COM NEW	88033G407	4,483	95,500	SH		OTR	3	95,500	0	0
TERADATA CORP	COM	88076W103	197	4,900	SH		SOLE	3	4,900	0	0
TERRENO RLTY	COM	88146M101	17	900	SH		SOLE	3	900	0	0
TESLA MTRS	COM	88160R101	443	1,847	SH		DFND		1,847	0	0
TESLA MTRS	COM	88160R101	768	3,200	SH		SOLE	3	3,200	0	0
TESLA MTRS INC	NOTE 1.250% 3/0	88160RAC5	2,427	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
TESORO	COM	881609101	182	3,100	SH		SOLE	3	3,100	0	0
TEXAS INSTRS	COM	882508104	1,376	28,800	SH		SOLE	3	28,800	0	0
TEXTRON	COM	883203101	283	7,400	SH		SOLE	3	7,400	0	0
THE ADT	COM	00101J106	207	5,912	SH		SOLE	3	5,912	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	164	1,394	SH		OTR	3	1,394	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,239	10,500	SH		SOLE	3	10,500	0	0
TIFFANY & CO	COM	886547108	1,103	11,000	SH		OTR	3	11,000	0	0
TIFFANY & CO	COM	886547108	331	3,300	SH		SOLE	3	3,300	0	0
TIM PARTICIPACOES S A	ADR	88706P205	15	500	SH		SOLE	3	500	0	0
TIM PARTICIPACOES S A	ADR	88706P205	3,110	107,136	SH		SOLE	3	107,136	0	0
TIME WARNER	COM NEW	887317303	1,602	22,799	SH		SOLE	3	22,799	0	0
TIME WARNER CABLE	COM	88732J207	88	600	SH		OTR	3	600	0	0
TIME WARNER CABLE	COM	88732J207	1,069	7,260	SH		SOLE	3	7,260	0	0
TJX COS INC	COM	872540109	983	18,500	SH		SOLE	3	18,500	0	0
TOLL BROTHERS	COM	889478103	155	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	150	2,750	SH		SOLE	3	2,750	0	0
TOTAL SYS SVCS	COM	891906109	156	4,951	SH		SOLE	3	4,951	0	0
TOWERS WATSON &	CL A	891894107	156	1,500	SH		SOLE	3	1,500	0	0
TRACTOR SUPPLY	COM	892356106	217	3,600	SH		SOLE	3	3,600	0	0
TRANSDIGM GROUP	COM	893641100	184	1,100	SH		SOLE	3	1,100	0	0
TRAVELERS COMPANIES	COM	89417E109	877	9,323	SH		SOLE	3	9,323	0	0
TRIMBLE NAVIGATION	COM	896239100	222	6,000	SH		SOLE	3	6,000	0	0
TRIPADVISOR	COM	896945201	108	1,000	SH		DFND	1,2	1,000	0	0
TRIPADVISOR	COM	896945201	348	3,200	SH		SOLE	3	3,200	0	0
TRIUMPH GROUP INC	COM	896818101	126	1,800	SH		OTR	3	1,800	0	0
TRW AUTOMOTIVE HLDGS	COM	87264S106	10,563	118,000	SH		SOLE	3	118,000	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	1,366	38,850	SH		SOLE	3	38,850	0	0
TWITTER	COM	90184L102	491	12,000	SH		DFND	1,2	12,000	0	0
TWITTER	COM	90184L102	90	2,200	SH		SOLE	3	2,200	0	0
TYCO INTERNATIONAL	SHS	H89128104	744	16,325	SH		SOLE	3	16,325	0	0
TYSON FOODS	CL A	902494103	218	5,800	SH		OTR	3	5,800	0	0
TYSON FOODS	CL A	902494103	278	7,400	SH		SOLE	3	7,400	0	0
U M H PROPERTIES	COM	903002103	4	400	SH		SOLE	3	400	0	0
UDR	COM	902653104	371,223	12,966,234	SH		OTR	3	12,966,234	0	0
UDR	COM	902653104	409	14,300	SH		SOLE	3	14,300	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	165	1,800	SH		SOLE	3	1,800	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	26	1,100	SH		SOLE	3	1,100	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	7,074	299,750	SH		SOLE	3	299,750	0	0
UNDER ARMOUR	CL A	904311107	268	4,500	SH		SOLE	3	4,500	0	0
UNION PAC	COM	907818108	5,756	57,700	SH		OTR	3	57,700	0	0
UNION PAC	COM	907818108	18,394	184,400	SH		SOLE	3	184,400	0	0
UNITED CONTL HLDGS	COM	910047109	78	1,900	SH		SOLE	3	1,900	0	0
UNITED RENTALS	COM	911363109	733	7,000	SH		SOLE	3	7,000	0	0
UNITED TECHNOLOGIES	COM	913017109	3,440	29,800	SH		SOLE	3	29,800	0	0
UNITEDHEALTH GROUP	COM	91324P102	3,959	48,426	SH		SOLE	3	48,426	0	0
UNUM	COM	91529Y106	268	7,700	SH		SOLE	3	7,700	0	0
URBAN OUTFITTERS	COM	917047102	3,537	104,477	SH		DFND	4,1,2	104,477	0	0
URBAN OUTFITTERS	COM	917047102	665	2,000	SH		DFND	4,1,2	2,000	0	0
URBAN OUTFITTERS	COM	917047102	135	4,000	SH		SOLE	3	4,000	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	15	700	SH		SOLE	3	700	0	0
US BANCORP	COM NEW	902973304	7,893	182,200	SH		SOLE	3	182,200	0	0
V F	COM	918204108	88	1,400	SH		OTR	3	1,400	0	0
V F	COM	918204108	605	9,600	SH		SOLE	3	9,600	0	0
VALE S	ADR	91912E105	132	10,000	SH		SOLE	3	10,000	0	0
VALE S	ADR	91912E105	799	60,400	SH		SOLE	3	60,400	0	0
VALERO ENERGY CORP	COM	91913Y100	721	14,392	SH		SOLE	3	14,392	0	0
VANTIV	CL A	92210H105	111	3,300	SH		SOLE	3	3,300	0	0
VARIAN MED SYS	COM	92220P105	224	2,700	SH		SOLE	3	2,700	0	0
VECTOR GROUP	COM	92240M108	2	453	SH		DFND	4,1,2	453	0	0
VECTOR GROUP	COM	92240M108	18	500	SH		DFND	4,1,2	500	0	0
VECTOR GROUP	COM	92240M108	27	250	SH		DFND	4,1,2	250	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	3,351	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
VECTOR GROUP LTD	NOTE 1.750% 4/1 ADDED	92240MBC1	4,275	4,000,000	PRN		DFND	4,1,2	4,000,000	0	0
VENTAS	COM	92276F100	544,705	8,497,742	SH		OTR	3	8,497,742	0	0
VENTAS	COM	92276F100	1,059	16,524	SH		SOLE	3	16,524	0	0
VERISIGN	COM	92343E102	9,674	198,200	SH		SOLE	3	198,200	0	0
VERISK ANALYTICS	CL A	92345Y106	246	4,100	SH		SOLE	3	4,100	0	0
VERIZON COMMUNICATIONS	COM	92343V104	5,448	111,348	SH		SOLE	3	111,348	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	615	6,500	SH		SOLE	3	6,500	0	0
VISA INC	CL A	92826C839	1,053	5,000	SH		DFND		5,000	0	0
VISA INC	CL A	92826C839	2,634	12,500	SH		OTR	3	12,500	0	0
VISA INC	CL A	92826C839	2,908	13,800	SH		SOLE	3	13,800	0	0
VMWARE INC CL	COM	928563402	378	3,900	SH		SOLE	3	3,900	0	0
VOYA FINL	COM	929089100	102	2,800	SH		SOLE	3	2,800	0	0
VULCAN MATLS	COM	929160109	230	3,600	SH		SOLE	3	3,600	0	0
W P CAREY	COM	92936U109	103	1,600	SH		SOLE	3	1,600	0	0
WABCO HLDGS	COM	92927K102	4,753	44,500	SH		SOLE	3	44,500	0	0
WAL-MART STORES	COM	931142103	195	2,600	SH		OTR	3	2,600	0	0
WAL-MART STORES	COM	931142103	3,213	42,800	SH		SOLE	3	42,800	0	0
WALGREEN	COM	931422109	1,764	23,800	SH		SOLE	3	23,800	0	0
WASHINGTON PRIME GROUP	COM	939647103	55,535	2,963,455	SH		OTR	3	2,963,455	0	0
WASHINGTON PRIME GROUP	COM	939647103	79	4,239	SH		SOLE	3	4,239	0	0
WASTE MGMT INC	COM	94106L109	550	12,300	SH		SOLE	3	12,300	0	0
WATERS	COM	941848103	251	2,400	SH		SOLE	3	2,400	0	0
WEATHERFORD INTERNATIONAL LT	SHS	H27013103	490	21,300	SH		SOLE	3	21,300	0	0
WEBMD HEALTH	COM	94770V102	1,173	24,300	SH		DFND	4,1,2	24,300	0	0
WEBMD HEALTH	COM	94770V102	67	1,500	SH		DFND	4,1,2	1,500	0	0
WEBMD HEALTH	COM	94770V102	6	191	SH		DFND	4,1,2	191	0	0
WEBMD HEALTH CORP	NOTE 2.500% 1/3	94770VAF9	12,820	12,176,000	PRN		DFND	4,1,2	12,176,000	0	0
WELLPOINT	COM	94973V107	839	7,800	SH		SOLE	3	7,800	0	0
WELLS FARGO & CO	COM	949746101	5,483	104,326	SH		OTR	3	104,326	0	0
WELLS FARGO & CO	COM	949746101	7,417	141,109	SH		SOLE	3	141,109	0	0
WESTAR ENERGY	COM	95709T100	99	2,600	SH		OTR	3	2,600	0	0
WESTERN DIGITAL	COM	958102105	8,178	88,600	SH		SOLE	3	88,600	0	0
WESTERN UN	COM	959802109	259	14,946	SH		SOLE	3	14,946	0	0
WEYERHAEUSER	COM	962166104	521	15,758	SH		SOLE	3	15,758	0	0
WHIRLPOOL	COM	963320106	306	2,200	SH		SOLE	3	2,200	0	0
WHITESTONE	COM	966084204	9	600	SH		SOLE	3	600	0	0
WHITING PETE CORP	COM	966387102	249	3,100	SH		SOLE	3	3,100	0	0
WHOLE FOODS MKT	COM	966837106	382	9,900	SH		SOLE	3	9,900	0	0
WILLIAMS COS INC	COM	969457100	1,071	18,400	SH		SOLE	3	18,400	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	199	4,600	SH		SOLE	3	4,600	0	0
WINDSTREAM HLDGS	COM	97382A101	186	18,700	SH		SOLE	3	18,700	0	0
WIPRO LTD	SPON ADR 1 SH	97651M109	37	3,096	SH		SOLE	3	3,096	0	0
WISCONSIN ENERGY	COM	976657106	286	6,100	SH		SOLE	3	6,100	0	0
WOODWARD	COM	980745103	216	4,300	SH		SOLE	3	4,300	0	0
WORKDAY	CL A	98138H101	180	2,000	SH		SOLE	3	2,000	0	0
WYNDHAM WORLDWIDE	COM	98310W108	704	9,300	SH		SOLE	3	9,300	0	0
WYNN RESORTS	COM	983134107	436	2,100	SH		SOLE	3	2,100	0	0
XCEL ENERGY	COM	98389B100	435	13,500	SH		SOLE	3	13,500	0	0
XEROX	COM	984121103	379	30,453	SH		SOLE	3	30,453	0	0
XILINX	COM	983919101	322	6,800	SH		SOLE	3	6,800	0	0
XL GROUP	SHS	G98290102	265	8,100	SH		SOLE	3	8,100	0	0
XYLEM	COM	98419M100	242	6,200	SH		SOLE	3	6,200	0	0
YAHOO	COM	984332106	702	20,000	SH		DFND	1,2	20,000	0	0
YAHOO	COM	984332106	294	8,393	SH		DFND		8,393	0	0
YAHOO	COM	984332106	7,869	224,000	SH		SOLE	3	224,000	0	0
YANZHOU COAL MNG CO LTD SPON ADR	SHS	984846105	7	900	SH		SOLE	3	900	0	0
YELP	CL A	985817105	766	10,000	SH		DFND	1,2	10,000	0	0
YELP	CL A	985817105	379	4,948	SH		DFND		4,948	0	0
YUM BRANDS	COM	988498101	934	11,500	SH		SOLE	3	11,500	0	0
ZIMMER HLDGS	COM	98956P102	457	4,400	SH		SOLE	3	4,400	0	0
ZOETIS	CL A	98978V103	378	11,700	SH		SOLE	3	11,700	0	0