Daiwa Securities (DSEEY) 13F-HR Quarterly holdings report by institutional manager

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

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACADIA RLTY TR	COM SH BEN INT	004239109	67	2,241	SH		SOLE	3	2,241	0	0
ACTUANT CORP	CL A NEW	00508X203	51	2,800	SH		SOLE	3	2,800	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	9,892	167,763	SH		DFND	4	167,763	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	4,936	83,706	SH		OTR	3	83,706	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	94	1,600	SH		SOLE	3	1,600	0	0
BAIDU INC SPON	ADR REP A	056752108	4,875	35,480	SH		OTR	3	35,480	0	0
BANCO BRADESCO S A SP	ADR PFD NEW	059460303	264	49,280	SH		SOLE	3	49,280	0	0
BANCO BRADESCO S A SP	ADR PFD NEW	059460303	8,352	1,558,299	SH		SOLE	3	1,558,299	0	0
BANCOLOMBIA S A SPON	ADR PREF	05968L102	68	2,100	SH		SOLE	3	2,100	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,456	26,500	SH		SOLE	3	26,500	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	74,880	6,077,891	SH		OTR	3	6,077,891	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	70	5,700	SH		SOLE	3	5,700	0	0
BROWN FORMAN CORP	CL B	115637209	591	6,100	SH		SOLE	3	6,100	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	175	5,400	SH		SOLE	3	5,400	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	355	4,800	SH		SOLE	3	4,800	0	0
CARNIVAL CORP	PAIRED CTF	143658300	532	10,700	SH		SOLE	3	10,700	0	0
CBS CORP NEW	CL B	124857202	402	10,071	SH		SOLE	3	10,071	0	0
CELANESE CORP	DEL COM SER A	150870103	213	3,600	SH		SOLE	3	3,600	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	163	5,037	SH		DFND	5,1,2	5,037	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	159	3,537	SH		DFND	5,1,2	3,537	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	699	100,000	SH		DFND	5,1,2	100,000	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	2,290	327,640	SH		OTR	3	327,640	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	129	18,386	SH		SOLE	3	18,386	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	334	1,900	SH		SOLE	3	1,900	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	50	1,900	SH		SOLE	3	1,900	0	0
COMCAST CORP NEW	CL A SPL	20030N200	544	9,500	SH		SOLE	3	9,500	0	0
COMPANHIA ENERGETICA DE MINA SP	ADR N-V PFD	204409601	25	13,900	SH		SOLE	3	13,900	0	0
COMPANHIA PARANAENSE ENERG	C SPON ADR PFD	20441B407	47	5,700	SH		SOLE	3	5,700	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	71,544	3,401,987	SH		OTR	3	3,401,987	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	65	3,100	SH		SOLE	3	3,100	0	0
DISCOVERY COMMUNICATNS	NEW COM SER A	25470F104	441	16,940	SH		SOLE	3	16,940	0	0
DISCOVERY COMMUNICATNS	NEW COM SER C	25470F302	149	6,120	SH		SOLE	3	6,120	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,136	11,123	SH		DFND	4	11,123	0	0
DISNEY WALT CO	COM DISNEY	254687106	5,110	50,000	SH		OTR	3	50,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	15,218	148,900	SH		SOLE	3	148,900	0	0
EATON VANCE CORP	COM NON VTG	278265103	100	3,000	SH		SOLE	3	3,000	0	0
ECOPETROL S A	SPONSORED ADS	279158109	42	4,900	SH		SOLE	3	4,900	0	0
EPR PPTYS COM	SH BEN INT	26884U109	98	1,900	SH		SOLE	3	1,900	0	0
EQUINIX INC COM	PAR $0.001	29444U700	340,147	1,294,130	SH		OTR	3	1,294,130	0	0
EQUINIX INC COM	PAR $0.001	29444U700	323	1,230	SH		SOLE	3	1,230	0	0
EQUITY COMWLTH COM	SH BEN INT	294628102	111	4,075	SH		SOLE	3	4,075	0	0
EQUITY RESIDENTIAL SH	BEN INT	29476L107	923,116	12,288,549	SH		OTR	3	12,288,549	0	0
EQUITY RESIDENTIAL SH	BEN INT	29476L107	2,644	35,200	SH		SOLE	3	35,200	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	106,997	784,151	SH		OTR	3	784,151	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	559	4,100	SH		SOLE	3	4,100	0	0
FOMENTO ECONOMICO MEXICANO S SPON	ADR UNITS	344419106	228	2,550	SH		SOLE	3	2,550	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	157	11,595	SH		DFND	4	11,595	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	175	12,900	SH		OTR	3	12,900	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	1,154	85,023	SH		SOLE	3	85,023	0	0
FREEPORT-MCMORAN	CL B	35671D857	623	64,300	SH		DFND	4	64,300	0	0
FREEPORT-MCMORAN	CL B	35671D857	229	23,658	SH		SOLE	3	23,658	0	0
GERDAU S A SPON	ADR REP PFD	373737105	28	20,200	SH		SOLE	3	20,200	0	0
GERDAU S A SPON	ADR REP PFD	373737105	193	140,800	SH		SOLE	3	140,800	0	0
GLOBAL X FDS FTSE	GREECE 20	37950E366	48	5,000	SH		SOLE	3	5,000	0	0
GLOBAL X FDS GLBX	MSCI COLUM	37950E200	39	4,700	SH		SOLE	3	4,700	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	37	2,300	SH		SOLE	3	2,300	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	35	400	SH		SOLE	3	400	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	15	100	SH		SOLE	3	100	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	24	3,300	SH		SOLE	3	3,300	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	156,136	6,370,317	SH		OTR	3	6,370,317	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	99	4,050	SH		SOLE	3	4,050	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	3,749	165,454	SH		OTR	3	165,454	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	35	1,550	SH		SOLE	3	1,550	0	0
HOSPITALITY PPTYS TR COM	SH BEN INT	44106M102	125	4,900	SH		SOLE	3	4,900	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	31	4,000	SH		SOLE	3	4,000	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	184	8,400	SH		SOLE	3	8,400	0	0
ISHARES	MSCI CDA ETF	464286509	29	1,280	SH		SOLE	3	1,280	0	0
ISHARES	MSCI CH CAP ETF	464286640	82	2,500	SH		SOLE	3	2,500	0	0
ISHARES	MSCI PAC JP ETF	464286665	37	1,000	SH		SOLE	3	1,000	0	0
ISHARES	MSCI GERMANY ETF	464286806	272	11,000	SH		SOLE	3	11,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	2,290	57,400	SH		SOLE	3	57,400	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	1,160	35,400	SH		SOLE	3	35,400	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	6,955	83,500	SH		SOLE	3	83,500	0	0
ISHARES TR	MSCI UTD KNGDM	46434V548	164	10,000	SH		SOLE	3	10,000	0	0
ISHARES TR I	NTL SEL DIV ETF	464288448	539	19,150	SH		SOLE	3	19,150	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	8,859	1,338,194	SH		SOLE	3	1,338,194	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	186	1,400	SH		SOLE	3	1,400	0	0
KAISER ALUMINUM CORP	COM PAR $0.01	483007704	40	500	SH		SOLE	3	500	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	102	3,600	SH		SOLE	3	3,600	0	0
LIBERTY GLOBAL PLC SHS	CL C	G5480U120	575	14,009	SH		SOLE	3	14,009	0	0
LIBERTY INTERACTIVE CORP	QVC GP COM SER A	53071M104	746	28,450	SH		SOLE	3	28,450	0	0
LIBERTY MEDIA CORP DELAWARE	COM SER C	531229300	169	4,900	SH		SOLE	3	4,900	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	284	9,000	SH		SOLE	3	9,000	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	125	1,500	SH		OTR	3	1,500	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,526	30,300	SH		SOLE	3	30,300	0	0
MARKET VECTORS ETF	TR RUSSIA ETF	57060U506	118	7,500	SH		SOLE	3	7,500	0	0
MCCORMICK & CO INC COM	NON VTG	579780206	222	2,700	SH		SOLE	3	2,700	0	0
MOLSON COORS BREWING	CO CL B	60871R209	303	3,650	SH		SOLE	3	3,650	0	0
MYLAN N V	SHS EURO	N59465109	378	9,400	SH		SOLE	3	9,400	0	0
NATIONAL STORAGE AFFILIATES COM	SHS BEN IN	637870106	8	600	SH		SOLE	3	600	0	0
NIELSEN HLDGS PLC	SHS EUR ADDED	G6518L108	11,835	266,125	SH		OTR	3	266,125	0	0
NIELSEN HLDGS PLC	SHS EUR ADDED	G6518L108	427	9,600	SH		SOLE	3	9,600	0	0
NIKE INC	CL B	654106103	6,708	54,550	SH		SOLE	3	54,550	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	20,809	1,049,367	SH		OTR	3	1,049,367	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	44	2,200	SH		SOLE	3	2,200	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	1,234	335,300	SH		SOLE	3	335,300	0	0
POWERSHARES DB CMDTY IDX	TRA UNIT BEN INT	73935S105	129	8,500	SH		SOLE	3	8,500	0	0
POWERSHARES GLOBAL	ETF TRUST EMER MRKT PORT	73936T763	561	39,000	SH		SOLE	3	39,000	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	38	2,500	SH		SOLE	3	2,500	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	40	2,100	SH		SOLE	3	2,100	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	123	7,600	SH		SOLE	3	7,600	0	0
SOCIEDAD QUIMICA MINERA DE C SPON	ADR SER B	833635105	47	3,200	SH		SOLE	3	3,200	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	407	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500	ETF TR TR UNIT	78462F103	1,927	10,060	SH		DFND	4	10,060	0	0
SPDR S&P 500	ETF TR TR UNIT	78462F103	1,384	7,220	SH		SOLE	3	7,220	0	0
SPRINT CORP	COM SER 1	85207U105	70	18,179	SH		SOLE	3	18,179	0	0
STARZ COM	SER A	85571Q102	209	5,600	SH		SOLE	3	5,600	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	284	10,500	SH		SOLE	3	10,500	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	188	1,900	SH		OTR	3	1,900	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,619	16,400	SH		SOLE	3	16,400	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	19	400	SH		SOLE	3	400	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	275	2,200	SH		SOLE	3	2,200	0	0
VALE S A ADR REPSTG	PFD	91912E204	235	70,000	SH		SOLE	3	70,000	0	0
VALE S A ADR REPSTG	PFD	91912E204	4,189	1,250,401	SH		SOLE	3	1,250,401	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	444	7,090	SH		SOLE	3	7,090	0	0
VIACOM INC	NEW CL B	92553P201	1,604	37,171	SH		SOLE	3	37,171	0	0
VORNADO RLTY TR	SH BEN INT	929042109	618,463	6,839,895	SH		OTR	3	6,839,895	0	0
VORNADO RLTY TR	SH BEN INT	929042109	910	10,069	SH		SOLE	3	10,069	0	0
WASHINGTON REAL ESTATE INVT SH	BEN INT	939653101	55	2,200	SH		SOLE	3	2,200	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	109,936	3,320,341	SH		OTR	3	3,320,341	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	139	4,200	SH		SOLE	3	4,200	0	0
WINTHROP RLTY TR SH	BEN INT NEW	976391300	17	1,200	SH		SOLE	3	1,200	0	0
ZILLOW GROUP INC	CL C CAP STK ADDED	98954M200	1,080	40,000	SH		DFND	5,1,2	40,000	0	0
ZILLOW GROUP INC	CL C CAP STK ADDED	98954M200	49	1,800	SH		SOLE	3	1,800	0	0
***ERROR:MISSING***	***MISSING***	464286822	2,578	50,000	SH		DFND	4	50,000	0	0
***ERROR:MISSING***	***MISSING***	46428Q109	335	24,200	SH		DFND	4	24,200	0	0
3-D SYS CORP	COM NEW	88554D205	2,148	186,005	SH		DFND	4	186,005	0	0
3M	COM	88579Y101	7,081	49,950	SH		SOLE	3	49,950	0	0
ABBOTT	COM	002824100	1,367	34,000	SH		SOLE	3	34,000	0	0
ABBVIE	COM	00287Y109	207	3,800	SH		OTR	3	3,800	0	0
ABBVIE	COM	00287Y109	2,133	39,195	SH		SOLE	3	39,195	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	295	3,000	SH		OTR	3	3,000	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	12,292	125,093	SH		OTR	3	125,093	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	7,699	78,350	SH		SOLE	3	78,350	0	0
ACE	SHS	H0023R105	217	2,100	SH		OTR	3	2,100	0	0
ACE	SHS	H0023R105	781	7,550	SH		SOLE	3	7,550	0	0
ACTIVISION BLIZZARD	COM	00507V109	361	11,700	SH		SOLE	3	11,700	0	0
ACUITY BRANDS	COM	00508Y102	176	1,000	SH		SOLE	3	1,000	0	0
ADOBE SYS	COM	00724F101	937	11,400	SH		SOLE	3	11,400	0	0
ADVANCE AUTO PARTS	COM	00751Y106	5,367	28,320	SH		OTR	3	28,320	0	0
ADVANCE AUTO PARTS	COM	00751Y106	597	3,150	SH		SOLE	3	3,150	0	0
AES	COM	00130H105	157	16,000	SH		SOLE	3	16,000	0	0
AETNA INC	COM	00817Y108	4,792	43,800	SH		OTR	3	43,800	0	0
AETNA INC	COM	00817Y108	3,476	31,773	SH		SOLE	3	31,773	0	0
AFFILIATED MANAGERS	COM	008252108	718	4,200	SH		SOLE	3	4,200	0	0
AFLAC	COM	001055102	564	9,700	SH		SOLE	3	9,700	0	0
AGCO	COM	001084102	98	2,100	SH		SOLE	3	2,100	0	0
AGILENT TECHNOLOGIES	COM	00846U101	278	8,090	SH		SOLE	3	8,090	0	0
AGREE REALTY	COM	008492100	18	600	SH		SOLE	3	600	0	0
AIR PRODS & CHEMS	COM	009158106	587	4,600	SH		SOLE	3	4,600	0	0
AIRGAS	COM	009363102	134	1,500	SH		SOLE	3	1,500	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	7,596	110,000	SH		DFND	4	110,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	1,167	16,900	SH		SOLE	3	16,900	0	0
ALAMO GROUP	COM	011311107	421	9,000	SH		SOLE	3	9,000	0	0
ALASKA AIR GROUP	COM	011659109	5,915	74,450	SH		SOLE	3	74,450	0	0
ALBANY MOLECULAR RESH	COM	012423109	38	500	SH		DFND	5,1,2	500	0	0
ALBANY MOLECULAR RESH INC	NOTE 2.250%11/1	012423AB5	4,938	4,000,000	PRN		DFND	5,1,2	4,000,000	0	0
ALBEMARLE	COM	012653101	106	2,400	SH		SOLE	3	2,400	0	0
ALCOA	COM	013817101	41	5,000	SH		DFND	5,1,2	5,000	0	0
ALCOA	COM	013817101	87	2,500	SH		DFND	5,1,2	2,500	0	0
ALCOA	COM	013817101	281	29,100	SH		SOLE	3	29,100	0	0
ALEXANDERS	COM	014752109	37	100	SH		SOLE	3	100	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	220	2,600	SH		SOLE	3	2,600	0	0
ALEXION PHARMACEUTICALS	COM	015351109	782	5,000	SH		SOLE	3	5,000	0	0
ALKERMES	SHS	G01767105	4,120	70,230	SH		OTR	3	70,230	0	0
ALKERMES	SHS	G01767105	199	3,400	SH		SOLE	3	3,400	0	0
ALLEGHANY CORP	COM	017175100	538	1,150	SH		SOLE	3	1,150	0	0
ALLEGIANT TRAVEL	COM	01748X102	562	2,600	SH		SOLE	3	2,600	0	0
ALLERGAN	SHS	G0177J108	21,709	79,870	SH		OTR	3	79,870	0	0
ALLERGAN	SHS	G0177J108	2,690	9,896	SH		SOLE	3	9,896	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	6,886	26,590	SH		OTR	3	26,590	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	363	1,400	SH		SOLE	3	1,400	0	0
ALLIANT ENERGY	COM	018802108	158	2,700	SH		OTR	3	2,700	0	0
ALLIANT ENERGY	COM	018802108	164	2,800	SH		SOLE	3	2,800	0	0
ALLSTATE	COM	020002101	2,114	36,300	SH		SOLE	3	36,300	0	0
ALLY FINL	COM	02005N100	202	9,900	SH		SOLE	3	9,900	0	0
ALNYLAM PHARMACEUTICALS	COM	02043Q107	129	1,600	SH		SOLE	3	1,600	0	0
ALTERA	COM	021441100	356	7,100	SH		SOLE	3	7,100	0	0
ALTRIA GROUP	COM	02209S103	4,918	90,400	SH		OTR	3	90,400	0	0
ALTRIA GROUP	COM	02209S103	15,656	287,800	SH		SOLE	3	287,800	0	0
AMAZON COM	COM	023135106	7,823	15,283	SH		DFND	4	15,283	0	0
AMAZON COM	COM	023135106	17,034	33,276	SH		OTR	3	33,276	0	0
AMAZON COM	COM	023135106	4,761	9,300	SH		SOLE	3	9,300	0	0
AMBARELLA	SHS	G037AX101	1,062	18,380	SH		DFND	4	18,380	0	0
AMBEV SA	ADR	02319V103	2,882	588,100	SH		SOLE	3	588,100	0	0
AMEREN	COM	023608102	241	5,700	SH		SOLE	3	5,700	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	185	11,200	SH		SOLE	3	11,200	0	0
AMERICAN AIRLS GROUP	COM	02376R102	7,040	181,300	SH		OTR	3	181,300	0	0
AMERICAN AIRLS GROUP	COM	02376R102	159	4,100	SH		SOLE	3	4,100	0	0
AMERICAN ASSETS TR	COM	024013104	49	1,200	SH		SOLE	3	1,200	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	129	3,568	SH		SOLE	3	3,568	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	1,094	58,500	SH		SOLE	3	58,500	0	0
AMERICAN ELEC PWR	COM	025537101	3,400	59,800	SH		OTR	3	59,800	0	0
AMERICAN ELEC PWR	COM	025537101	645	11,350	SH		SOLE	3	11,350	0	0
AMERICAN EXPRESS	COM	025816109	1,549	20,900	SH		SOLE	3	20,900	0	0
AMERICAN HOMES 4	CL A	02665T306	81,901	5,093,340	SH		OTR	3	5,093,340	0	0
AMERICAN HOMES 4	CL A	02665T306	80	5,000	SH		SOLE	3	5,000	0	0
AMERICAN INTL GROUP	COM NEW	026874784	10,364	182,397	SH		OTR	3	182,397	0	0
AMERICAN INTL GROUP	COM NEW	026874784	2,170	38,192	SH		SOLE	3	38,192	0	0
AMERICAN RESIDENTIAL PPTYS	COM	02927E303	17	1,000	SH		SOLE	3	1,000	0	0
AMERICAN TOWER CORP	COM	03027X100	845	9,600	SH		SOLE	3	9,600	0	0
AMERICAN WOODMARK	COM	030506109	182	2,800	SH		SOLE	3	2,800	0	0
AMERICAN WTR WKS CO INC	COM	030420103	231	4,200	SH		SOLE	3	4,200	0	0
AMERIPRISE FINL	COM	03076C106	240	2,200	SH		OTR	3	2,200	0	0
AMERIPRISE FINL	COM	03076C106	1,764	16,160	SH		SOLE	3	16,160	0	0
AMERISOURCEBERGEN	COM	03073E105	1,567	16,500	SH		SOLE	3	16,500	0	0
AMETEK INC	COM	031100100	298	5,700	SH		SOLE	3	5,700	0	0
AMGEN	COM	031162100	5,132	37,100	SH		SOLE	3	37,100	0	0
AMPHENOL CORP	CL A	032095101	362	7,100	SH		SOLE	3	7,100	0	0
ANADARKO PETE	COM	032511107	16,233	268,810	SH		OTR	3	268,810	0	0
ANADARKO PETE	COM	032511107	701	11,600	SH		SOLE	3	11,600	0	0
ANALOG DEVICES	COM	032654105	90	1,600	SH		OTR	3	1,600	0	0
ANALOG DEVICES	COM	032654105	1,371	24,300	SH		SOLE	3	24,300	0	0
ANNALY CAP MGMT	COM	035710409	210	21,300	SH		SOLE	3	21,300	0	0
ANSYS	COM	03662Q105	167	1,900	SH		SOLE	3	1,900	0	0
ANTHEM	COM	036752103	4,312	30,800	SH		OTR	3	30,800	0	0
ANTHEM	COM	036752103	5,775	41,250	SH		SOLE	3	41,250	0	0
AON PLC	CL A	G0408V102	4,209	47,500	SH		OTR	3	47,500	0	0
AON PLC	CL A	G0408V102	567	6,400	SH		SOLE	3	6,400	0	0
APACHE	COM	037411105	721	18,410	SH		SOLE	3	18,410	0	0
APARTMENT INVT & MGMT	CL A	03748R101	321,603	8,687,267	SH		OTR	3	8,687,267	0	0
APARTMENT INVT & MGMT	CL A	03748R101	203	5,492	SH		SOLE	3	5,492	0	0
APARTMENT INVT & MGMT CO PFD	CL A 6.875%	03748R762	884	33,300	SH		OTR	3	0	0	0
APPLE	COM	037833100	551	5,000	SH		DFND	1,2	5,000	0	0
APPLE	COM	037833100	10,956	99,330	SH		DFND	4	99,330	0	0
APPLE	COM	037833100	14,293	129,580	SH		OTR	3	129,580	0	0
APPLE	COM	037833100	34,568	313,400	SH		SOLE	3	313,400	0	0
APPLE HOSPITALITY REIT	COM NEW	03784Y200	98	5,300	SH		SOLE	3	5,300	0	0
APPLIED MATLS	COM	038222105	3,188	217,000	SH		OTR	3	217,000	0	0
APPLIED MATLS	COM	038222105	583	39,700	SH		SOLE	3	39,700	0	0
ARCH CAP GROUP	ORD	G0450A105	992	13,500	SH		SOLE	3	13,500	0	0
ARCHER DANIELS MIDLAND	COM	039483102	580	14,000	SH		SOLE	3	14,000	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	9	900	SH		SOLE	3	900	0	0
ARMARK HLDGS	COM	03852U106	142	4,800	SH		SOLE	3	4,800	0	0
ARROW ELECTRS	COM	042735100	133	2,400	SH		SOLE	3	2,400	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	12	873	SH		SOLE	3	873	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	17	2,800	SH		SOLE	3	2,800	0	0
ASHLAND INC	COM	044209104	1,288	12,800	SH		SOLE	3	12,800	0	0
ASPEN INSURANCE HOLDINGS	SHS	G05384105	511	11,000	SH		SOLE	3	11,000	0	0
ASSURANT	COM	04621X108	55	700	SH		OTR	3	700	0	0
ASSURANT	COM	04621X108	126	1,600	SH		SOLE	3	1,600	0	0
AT&T	COM	00206R102	407	1,000	SH		DFND	5,1,2	1,000	0	0
AT&T	COM	00206R102	2,687	82,500	SH		DFND	5,1,2	82,500	0	0
AT&T	COM	00206R102	290	8,900	SH		OTR	3	8,900	0	0
AT&T	COM	00206R102	6,542	200,811	SH		SOLE	3	200,811	0	0
AUTODESK	COM	052769106	230	5,200	SH		SOLE	3	5,200	0	0
AUTOLIV	COM	052800109	234	2,150	SH		SOLE	3	2,150	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	876	10,900	SH		SOLE	3	10,900	0	0
AUTONATION	COM	05329W102	1,274	21,900	SH		SOLE	3	21,900	0	0
AUTOZONE	COM	053332102	4,024	5,560	SH		SOLE	3	5,560	0	0
AV HOMES	COM	00234P102	10	510	SH		DFND	5,1,2	510	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	163	1,300	SH		OTR	3	1,300	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	9,976	79,800	SH		SOLE	3	79,800	0	0
AVALONBAY CMNTYS	COM	053484101	2,250	12,869	SH		SOLE	3	12,869	0	0
AVERY DENNISON	COM	053611109	651	11,500	SH		SOLE	3	11,500	0	0
AVNET	COM	053807103	120	2,800	SH		SOLE	3	2,800	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	156	2,900	SH		SOLE	3	2,900	0	0
B/E AEROSPACE	COM	073302101	101	2,300	SH		SOLE	3	2,300	0	0
BAKER HUGHES	COM	057224107	515	9,904	SH		SOLE	3	9,904	0	0
BALL	COM	058498106	199	3,200	SH		SOLE	3	3,200	0	0
BANCO DE CHILE	ADR	059520106	91	1,457	SH		SOLE	3	1,457	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	1,073	58,900	SH		SOLE	3	58,900	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	29	1,600	SH		SOLE	3	1,600	0	0
BANK AMER	COM	060505104	26,249	1,684,817	SH		OTR	3	1,684,817	0	0
BANK AMER	COM	060505104	3,998	256,614	SH		SOLE	3	256,614	0	0
BANK NEW YORK MELLON	COM	064058100	1,326	33,871	SH		SOLE	3	33,871	0	0
BARD C R	COM	067383109	838	4,500	SH		SOLE	3	4,500	0	0
BAXALTA	COM	07177M103	391	12,400	SH		SOLE	3	12,400	0	0
BAXTER INTL	COM	071813109	407	12,400	SH		SOLE	3	12,400	0	0
BB&T	COM	054937107	641	18,000	SH		SOLE	3	18,000	0	0
BEAZER HOMES USA	COM NEW	07556Q881	58	452	SH		DFND	5,1,2	452	0	0
BECTON DICKINSON &	COM	075887109	12,150	91,590	SH		OTR	3	91,590	0	0
BECTON DICKINSON &	COM	075887109	1,978	14,910	SH		SOLE	3	14,910	0	0
BED BATH & BEYOND	COM	075896100	821	14,400	SH		SOLE	3	14,400	0	0
BERKLEY W R	COM	084423102	250	4,600	SH		SOLE	3	4,600	0	0
BEST BUY	COM	086516101	304	8,200	SH		SOLE	3	8,200	0	0
BIG LOTS	COM	089302103	618	12,900	SH		SOLE	3	12,900	0	0
BIOGEN	COM	09062X103	2,714	9,300	SH		OTR	3	9,300	0	0
BIOGEN	COM	09062X103	5,422	18,580	SH		SOLE	3	18,580	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	1,222	11,600	SH		SOLE	3	11,600	0	0
BIOMED REALTY TRUST	COM	09063H107	216,582	10,839,922	SH		OTR	3	10,839,922	0	0
BIOMED REALTY TRUST	COM	09063H107	130	6,500	SH		SOLE	3	6,500	0	0
BLACKROCK	COM	09247X101	13,554	45,564	SH		OTR	3	45,564	0	0
BLACKROCK	COM	09247X101	833	2,800	SH		SOLE	3	2,800	0	0
BLOCK H & R	COM	093671105	235	6,500	SH		SOLE	3	6,500	0	0
BLUEROCK RESIDENT GR REIT IN	CL A	09627J102	7	600	SH		SOLE	3	600	0	0
BOB EVANS FARMS	COM	096761101	434	10,000	SH		SOLE	3	10,000	0	0
BOEING	COM	097023105	4,452	34,000	SH		OTR	3	34,000	0	0
BOEING	COM	097023105	5,821	44,450	SH		SOLE	3	44,450	0	0
BORGWARNER	COM	099724106	212	5,100	SH		SOLE	3	5,100	0	0
BOSTON PROPERTIES	COM	101121101	16,385	138,385	SH		OTR	3	138,385	0	0
BOSTON PROPERTIES	COM	101121101	1,042	8,800	SH		SOLE	3	8,800	0	0
BOSTON SCIENTIFIC	COM	101137107	1,883	114,747	SH		SOLE	3	114,747	0	0
BRF SA	ADR	10552T107	263	14,800	SH		SOLE	3	14,800	0	0
BRF SA	ADR	10552T107	8,697	488,859	SH		SOLE	3	488,859	0	0
BRIGHT HORIZONS FAM SOL IN	COM	109194100	1,490	23,200	SH		SOLE	3	23,200	0	0
BRINKER INTL	COM	109641100	416	7,900	SH		SOLE	3	7,900	0	0
BRISTOL MYERS SQUIBB	COM	110122108	25,531	431,260	SH		OTR	3	431,260	0	0
BRISTOL MYERS SQUIBB	COM	110122108	2,261	38,200	SH		SOLE	3	38,200	0	0
BRIXMOR PPTY GROUP	COM	11120U105	129	5,500	SH		SOLE	3	5,500	0	0
BROADCOM	CL A	111320107	640	12,450	SH		SOLE	3	12,450	0	0
BUNGE	COM	G16962105	249	3,400	SH		SOLE	3	3,400	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	366	5,400	SH		SOLE	3	5,400	0	0
CA	COM	12673P105	210	7,705	SH		SOLE	3	7,705	0	0
CABOT OIL & GAS	COM	127097103	210	9,600	SH		SOLE	3	9,600	0	0
CAI INTERNATIONAL	COM	12477X106	369	36,600	SH		SOLE	3	36,600	0	0
CALPINE	COM NEW	131347304	384	26,300	SH		SOLE	3	26,300	0	0
CAMERON INTERNATIONAL	COM	13342B105	264	4,300	SH		SOLE	3	4,300	0	0
CAMPBELL SOUP	COM	134429109	238	4,700	SH		SOLE	3	4,700	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	11	2,100	SH		SOLE	3	2,100	0	0
CAPITAL ONE FINL	COM	14040H105	3,379	46,600	SH		OTR	3	46,600	0	0
CAPITAL ONE FINL	COM	14040H105	903	12,454	SH		SOLE	3	12,454	0	0
CARDINAL HEALTH	COM	14149Y108	284	3,700	SH		OTR	3	3,700	0	0
CARDINAL HEALTH	COM	14149Y108	592	7,700	SH		SOLE	3	7,700	0	0
CARE CAP PPTYS	COM	141624106	9,394	285,283	SH		OTR	3	285,283	0	0
CARE CAP PPTYS	COM	141624106	86	2,605	SH		SOLE	3	2,605	0	0
CARETRUST REIT	COM	14174T107	17	1,506	SH		SOLE	3	1,506	0	0
CARMAX	COM	143130102	2,284	38,500	SH		OTR	3	38,500	0	0
CARMAX	COM	143130102	291	4,900	SH		SOLE	3	4,900	0	0
CATERPILLAR INC	COM	149123101	3,595	55,000	SH		OTR	3	55,000	0	0
CATERPILLAR INC	COM	149123101	850	13,000	SH		SOLE	3	13,000	0	0
CBIZ	COM	124805102	7	500	SH		DFND	5,1,2	500	0	0
CBL & ASSOC PPTYS	COM	124830100	67	4,845	SH		SOLE	3	4,845	0	0
CBOE HLDGS	COM	12503M108	1,140	17,000	SH		SOLE	3	17,000	0	0
CBRE GROUP	CL A	12504L109	13,116	409,870	SH		OTR	3	409,870	0	0
CBRE GROUP	CL A	12504L109	704	22,000	SH		SOLE	3	22,000	0	0
CDK GLOBAL	COM	12508E101	139	2,900	SH		SOLE	3	2,900	0	0
CDN IMPERIAL BK COMM	COM	136069101	30	230	SH		DFND	5,1,2	230	0	0
CEDAR REALTY TRUST	COM NEW	150602209	15	2,400	SH		SOLE	3	2,400	0	0
CELGENE	COM	151020104	6,642	61,400	SH		SOLE	3	61,400	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	45	7,700	SH		SOLE	3	7,700	0	0
CENTENE CORP	COM	15135B101	130	2,400	SH		SOLE	3	2,400	0	0
CENTERPOINT ENERGY	COM	15189T107	180	10,000	SH		SOLE	3	10,000	0	0
CENTURYLINK	COM	156700106	325	12,942	SH		SOLE	3	12,942	0	0
CERNER	COM	156782104	1,595	26,600	SH		SOLE	3	26,600	0	0
CEVA	COM	157210105	37	2,000	SH		SOLE	3	2,000	0	0
CF INDS HLDGS	COM	125269100	67	1,500	SH		OTR	3	1,500	0	0
CF INDS HLDGS	COM	125269100	1,316	29,300	SH		SOLE	3	29,300	0	0
CHAMBERS STR	COM	157842105	49	7,600	SH		SOLE	3	7,600	0	0
CHATHAM LODGING	COM	16208T102	26	1,200	SH		SOLE	3	1,200	0	0
CHEESECAKE FACTORY	COM	163072101	76	1,400	SH		SOLE	3	1,400	0	0
CHENIERE ENERGY	COM NEW	16411R208	251	5,200	SH		SOLE	3	5,200	0	0
CHESAPEAKE ENERGY	COM	165167107	685	93,400	SH		OTR	3	93,400	0	0
CHESAPEAKE ENERGY	COM	165167107	96	13,100	SH		SOLE	3	13,100	0	0
CHEVRON CORP	COM	166764100	95	1,200	SH		OTR	3	1,200	0	0
CHEVRON CORP	COM	166764100	3,385	42,918	SH		SOLE	3	42,918	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	753	19,000	SH		DFND	4	19,000	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	91	2,300	SH		SOLE	3	2,300	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	7,269	10,092	SH		OTR	3	10,092	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	3,983	5,530	SH		SOLE	3	5,530	0	0
CHUBB	COM	171232101	644	5,250	SH		SOLE	3	5,250	0	0
CHURCH & DWIGHT	COM	171340102	873	10,400	SH		SOLE	3	10,400	0	0
CIGNA	COM	125509109	4,375	32,400	SH		OTR	3	32,400	0	0
CIGNA	COM	125509109	4,975	36,850	SH		SOLE	3	36,850	0	0
CIMAREX ENERGY	COM	171798101	205	2,000	SH		SOLE	3	2,000	0	0
CINCINNATI FINL	COM	172062101	770	14,315	SH		SOLE	3	14,315	0	0
CINTAS	COM	172908105	918	10,700	SH		SOLE	3	10,700	0	0
CISCO SYS	COM	17275R102	15,271	581,761	SH		OTR	3	581,761	0	0
CISCO SYS	COM	17275R102	3,050	116,200	SH		SOLE	3	116,200	0	0
CIT GROUP	COM NEW	125581801	164	4,100	SH		SOLE	3	4,100	0	0
CITIGROUP	COM NEW	172967424	4,430	89,300	SH		OTR	3	89,300	0	0
CITIGROUP	COM NEW	172967424	3,428	69,103	SH		SOLE	3	69,103	0	0
CITIZENS FINL GROUP	COM	174610105	229	9,600	SH		SOLE	3	9,600	0	0
CITRIX SYS	COM	177376100	1,344	19,400	SH		SOLE	3	19,400	0	0
CITY OFFICE REIT	COM	178587101	6	500	SH		SOLE	3	500	0	0
CLEAN ENERGY FUELS	COM	184499101	121	2,000	SH		DFND	5,1,2	2,000	0	0
CLEAN ENERGY FUELS	COM	184499101	281	750	SH		DFND	5,1,2	750	0	0
CLEAN ENERGY FUELS	COM	184499101	78	500	SH		DFND	5,1,2	500	0	0
CLEAN ENERGY FUELS	COM	184499101	337	75,000	SH		DFND	5,1,2	75,000	0	0
CLEARWATER PAPER	COM	18538R103	411	8,700	SH		SOLE	3	8,700	0	0
CLOROX CO	COM	189054109	1,121	9,700	SH		SOLE	3	9,700	0	0
CME GROUP	COM	12572Q105	668	7,200	SH		SOLE	3	7,200	0	0
CMS ENERGY	COM	125896100	131	3,700	SH		OTR	3	3,700	0	0
CMS ENERGY	COM	125896100	434	12,300	SH		SOLE	3	12,300	0	0
CNO FINL GROUP	COM	12621E103	717	38,100	SH		SOLE	3	38,100	0	0
COACH	COM	189754104	2,063	71,330	SH		DFND	4	71,330	0	0
COACH	COM	189754104	185	6,400	SH		SOLE	3	6,400	0	0
COBALT INTL ENERGY	COM	19075F106	56	7,900	SH		SOLE	3	7,900	0	0
COCA COLA	COM	191216100	4,710	117,400	SH		OTR	3	117,400	0	0
COCA COLA	COM	191216100	3,791	94,500	SH		SOLE	3	94,500	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	1,209	25,000	SH		SOLE	3	25,000	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	1,359	21,700	SH		SOLE	3	21,700	0	0
COLGATE PALMOLIVE	COM	194162103	1,247	19,650	SH		SOLE	3	19,650	0	0
COLUMBIA PIPELINE GROUP	COM	198280109	132	7,200	SH		SOLE	3	7,200	0	0
COLUMBIA PPTY TR	COM NEW	198287203	93	4,000	SH		SOLE	3	4,000	0	0
COLUMBIA SPORTSWEAR	COM	198516106	764	13,000	SH		SOLE	3	13,000	0	0
COMCAST CORP	CL A	20030N101	4,960	87,200	SH		OTR	3	87,200	0	0
COMCAST CORP	CL A	20030N101	2,763	48,570	SH		SOLE	3	48,570	0	0
COMERICA	COM	200340107	177	4,300	SH		SOLE	3	4,300	0	0
COMMUNICATIONS SALES&LEAS	COM	20341J104	54	3,040	SH		SOLE	3	3,040	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	8	600	SH		SOLE	3	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	236	18,800	SH		SOLE	3	18,800	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	296	76,200	SH		SOLE	3	76,200	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	29	1,300	SH		SOLE	3	1,300	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	46	7,700	SH		SOLE	3	7,700	0	0
COMPUTER SCIENCES	COM	205363104	196	3,200	SH		SOLE	3	3,200	0	0
CONAGRA FOODS	COM	205887102	385	9,500	SH		SOLE	3	9,500	0	0
CONCHO RES	COM	20605P101	275	2,800	SH		SOLE	3	2,800	0	0
CONOCOPHILLPS	COM	20825C104	5,026	104,800	SH		SOLE	3	104,800	0	0
CONSOL ENERGY	COM	20854P109	51	5,200	SH		SOLE	3	5,200	0	0
CONSOLIDATED EDISON	COM	209115104	448	6,700	SH		SOLE	3	6,700	0	0
CONSTELLATION BRANDS	CL A	21036P108	1,878	15,000	SH		SOLE	3	15,000	0	0
CONTINENTAL RESOURCES	COM	212015101	61	2,100	SH		SOLE	3	2,100	0	0
COOPER COS	COM NEW	216648402	149	1,000	SH		SOLE	3	1,000	0	0
CORE LABORATORIES N	COM	N22717107	100	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	46	900	SH		SOLE	3	900	0	0
CORNING	COM	219350105	1,683	98,300	SH		SOLE	3	98,300	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	110	3,735	SH		SOLE	3	3,735	0	0
COSTCO WHSL CORP	COM	22160K105	1,460	10,100	SH		SOLE	3	10,100	0	0
COUSINS PPTYS	COM	222795106	61	6,563	SH		SOLE	3	6,563	0	0
COVANTA HLDG	COM	22282E102	124	7,100	SH		SOLE	3	7,100	0	0
CPFL ENERGIA S A	ADR	126153105	98	13,049	SH		SOLE	3	13,049	0	0
CRA INTL	COM	12618T105	142	6,600	SH		SOLE	3	6,600	0	0
CREDICORP	COM	G2519Y108	138	1,300	SH		SOLE	3	1,300	0	0
CREDIT ACCEP CORP	COM	225310101	157	800	SH		SOLE	3	800	0	0
CREE	COM	225447101	138	5,700	SH		SOLE	3	5,700	0	0
CROCS	COM	227046109	434	33,600	SH		SOLE	3	33,600	0	0
CROWN CASTLE INTL CORP	COM	22822V101	615	7,800	SH		SOLE	3	7,800	0	0
CROWN CASTLE INTL CORP NEW CNV	PFD STK SR A	22822V200	2,547	25,000	SH		DFND	5,1,2	25,000	0	0
CROWN HOLDINGS	COM	228368106	156	3,400	SH		SOLE	3	3,400	0	0
CSX	COM	126408103	605	22,500	SH		SOLE	3	22,500	0	0
CUBESMART	COM	229663109	235,307	8,647,821	SH		OTR	3	8,647,821	0	0
CUBESMART	COM	229663109	147	5,400	SH		SOLE	3	5,400	0	0
CUMMINS	COM	231021106	3,366	31,000	SH		OTR	3	31,000	0	0
CUMMINS	COM	231021106	434	4,000	SH		SOLE	3	4,000	0	0
CVS HEALTH	COM	126650100	4,677	48,475	SH		OTR	3	48,475	0	0
CVS HEALTH	COM	126650100	10,364	107,424	SH		SOLE	3	107,424	0	0
CYRUSONE	COM	23283R100	18,493	566,223	SH		OTR	3	566,223	0	0
CYRUSONE	COM	23283R100	69	2,100	SH		SOLE	3	2,100	0	0
D R HORTON	COM	23331A109	463	15,766	SH		SOLE	3	15,766	0	0
DANAHER CORP	COM	235851102	1,713	20,100	SH		SOLE	3	20,100	0	0
DARDEN RESTAURANTS	COM	237194105	6,683	97,500	SH		SOLE	3	97,500	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	275	3,800	SH		SOLE	3	3,800	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	132,554	3,938,025	SH		OTR	3	3,938,025	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	96	2,850	SH		SOLE	3	2,850	0	0
DDR	COM	23317H102	352,182	22,898,676	SH		OTR	3	22,898,676	0	0
DDR	COM	23317H102	170	11,058	SH		SOLE	3	11,058	0	0
DEERE &	COM	244199105	718	9,700	SH		SOLE	3	9,700	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	13,662	179,670	SH		OTR	3	179,670	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	1,848	24,300	SH		SOLE	3	24,300	0	0
DELTA AIR LINES INC	COM NEW	247361702	215	4,800	SH		SOLE	3	4,800	0	0
DENTSPLY INTL INC	COM	249030107	152	3,000	SH		SOLE	3	3,000	0	0
DEVON ENERGY CORP	COM	25179M103	41	1,100	SH		OTR	3	1,100	0	0
DEVON ENERGY CORP	COM	25179M103	330	8,900	SH		SOLE	3	8,900	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	141,287	12,786,137	SH		OTR	3	12,786,137	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	70	6,342	SH		SOLE	3	6,342	0	0
DICKS SPORTING GOODS	COM	253393102	114	2,300	SH		SOLE	3	2,300	0	0
DIGITAL RLTY TR	COM	253868103	7,838	120,000	SH		OTR	3	120,000	0	0
DIGITAL RLTY TR	COM	253868103	222,240	3,402,328	SH		OTR	3	3,402,328	0	0
DIGITAL RLTY TR	COM	253868103	503	7,700	SH		SOLE	3	7,700	0	0
DILLARDS	CL A	254067101	253	2,900	SH		SOLE	3	2,900	0	0
DISCOVER FINL	COM	254709108	234	4,500	SH		OTR	3	4,500	0	0
DISCOVER FINL	COM	254709108	535	10,300	SH		SOLE	3	10,300	0	0
DISH NETWORK	CL A	25470M109	292	5,000	SH		SOLE	3	5,000	0	0
DOLLAR GEN CORP	COM	256677105	1,203	16,600	SH		SOLE	3	16,600	0	0
DOLLAR TREE	COM	256746108	1,348	20,220	SH		SOLE	3	20,220	0	0
DOMINION RES INC VA	COM	25746U109	957	13,600	SH		SOLE	3	13,600	0	0
DOUGLAS EMMETT	COM	25960P109	113,923	3,966,680	SH		OTR	3	3,966,680	0	0
DOUGLAS EMMETT	COM	25960P109	146	5,100	SH		SOLE	3	5,100	0	0
DOVER	COM	260003108	212	3,700	SH		SOLE	3	3,700	0	0
DOW CHEM	COM	260543103	4,049	95,500	SH		OTR	3	95,500	0	0
DOW CHEM	COM	260543103	1,111	26,200	SH		SOLE	3	26,200	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	1,188	15,024	SH		SOLE	3	15,024	0	0
DTE ENERGY	COM	233331107	321	4,000	SH		SOLE	3	4,000	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,147	23,800	SH		SOLE	3	23,800	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,141	15,866	SH		SOLE	3	15,866	0	0
DUKE REALTY	COM NEW	264411505	370	19,400	SH		SOLE	3	19,400	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	305	2,900	SH		SOLE	3	2,900	0	0
DUNKIN BRANDS GROUP	COM	265504100	5,618	114,661	SH		OTR	3	114,661	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	54	2,100	SH		SOLE	3	2,100	0	0
E M C CORP	COM	268648102	1,070	44,300	SH		SOLE	3	44,300	0	0
E TRADE FINANCIAL	COM NEW	269246401	150	5,700	SH		SOLE	3	5,700	0	0
EAST WEST BANCORP	COM	27579R104	88	2,300	SH		OTR	3	2,300	0	0
EASTERLY GOVT PPTYS	COM	27616P103	6	400	SH		SOLE	3	400	0	0
EASTGROUP PPTY	COM	277276101	54	1,000	SH		SOLE	3	1,000	0	0
EASTMAN CHEM	COM	277432100	408	6,300	SH		SOLE	3	6,300	0	0
EATON CORP	SHS	G29183103	746	14,548	SH		SOLE	3	14,548	0	0
EBAY	COM	278642103	600	24,550	SH		SOLE	3	24,550	0	0
ECOLAB	COM	278865100	691	6,300	SH		SOLE	3	6,300	0	0
EDGEWELL PERS CARE	COM	28035Q102	114	1,400	SH		SOLE	3	1,400	0	0
EDISON	COM	281020107	6,503	103,100	SH		OTR	3	103,100	0	0
EDISON	COM	281020107	473	7,500	SH		SOLE	3	7,500	0	0
EDUCATION RLTY TR	COM NEW	28140H203	132,517	4,021,762	SH		OTR	3	4,021,762	0	0
EDUCATION RLTY TR	COM NEW	28140H203	54	1,633	SH		SOLE	3	1,633	0	0
EDWARDS LIFESCIENCES	COM	28176E108	1,052	7,400	SH		SOLE	3	7,400	0	0
ELECTRONIC ARTS	COM	285512109	3	212	SH		DFND	5,1,2	212	0	0
ELECTRONIC ARTS	COM	285512109	2,818	41,600	SH		SOLE	3	41,600	0	0
ELECTRONIC ARTS INC	NOTE 0.750% 7/1	285512AA7	34,099	16,000,000	PRN		DFND	5,1,2	16,000,000	0	0
EMBRAER S A SP ADR REP	COM	29082A107	20	800	SH		SOLE	3	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	1,739	68,000	SH		SOLE	3	68,000	0	0
EMERSON ELEC	COM	291011104	671	15,200	SH		SOLE	3	15,200	0	0
EMPIRE ST RLTY TR	CL A	292104106	61	3,600	SH		SOLE	3	3,600	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	78	2,200	SH		SOLE	3	2,200	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	99	2,800	SH		SOLE	3	2,800	0	0
ENDO INTL	SHS	G30401106	319	4,600	SH		SOLE	3	4,600	0	0
ENERGEN	COM	29265N108	105	2,100	SH		SOLE	3	2,100	0	0
ENERSIS S A	ADR	29274F104	105	8,300	SH		SOLE	3	8,300	0	0
ENERSIS S A	ADR	29274F104	43	3,400	SH		SOLE	3	3,400	0	0
ENSCO PLC	CLASS A	G3157S106	75	5,300	SH		SOLE	3	5,300	0	0
ENTERGY CORP	COM	29364G103	260	4,000	SH		SOLE	3	4,000	0	0
ENVESTNET	COM	29404K106	1,489	49,690	SH		OTR	3	49,690	0	0
ENVISION HEALTHCARE HLDGS	COM	29413U103	155	4,200	SH		SOLE	3	4,200	0	0
EOG RES	COM	26875P101	910	12,500	SH		SOLE	3	12,500	0	0
EPLUS	COM	294268107	40	500	SH		SOLE	3	500	0	0
EPR PPTYS	CONV PFD 9% SR E	26884U307	2,107	68,548	SH		OTR	3	0	0	0
EQT	COM	26884L109	227	3,500	SH		SOLE	3	3,500	0	0
EQUIFAX	COM	294429105	3,698	38,050	SH		OTR	3	38,050	0	0
EQUIFAX	COM	294429105	1,166	12,000	SH		SOLE	3	12,000	0	0
EQUITY	COM	294752100	58	2,400	SH		SOLE	3	2,400	0	0
EQUITY COMWLTH CUM	PFD S D 6.5%	294628201	1,178	48,076	SH		OTR	3	0	0	0
EQUITY COMWLTH CUM	PFD E 7.25%	294628409	2,399	94,150	SH		OTR	3	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	146	2,500	SH		SOLE	3	2,500	0	0
ESSEX PPTY TR	COM	297178105	312,244	1,397,565	SH		OTR	3	1,397,565	0	0
ESSEX PPTY TR	COM	297178105	1,557	6,967	SH		SOLE	3	6,967	0	0
EURONET WORLDWIDE	COM	298736109	1,741	23,500	SH		DFND	5,1,2	23,500	0	0
EVEREST RE GROUP	COM	G3223R108	1,785	10,300	SH		SOLE	3	10,300	0	0
EVERSOURCE	COM	30040W108	363	7,180	SH		SOLE	3	7,180	0	0
EXELON	COM	30161N101	571	19,226	SH		SOLE	3	19,226	0	0
EXPEDIA INC	COM NEW	30212P303	13,177	111,975	SH		SOLE	3	111,975	0	0
EXPEDITORS INTL WASH	COM	302130109	1,553	33,000	SH		SOLE	3	33,000	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	6,092	75,245	SH		SOLE	3	75,245	0	0
EXTRA SPACE STORAGE	COM	30225T102	64	500	SH		DFND	5,1,2	500	0	0
EXTRA SPACE STORAGE	COM	30225T102	5	500	SH		DFND	5,1,2	500	0	0
EXTRA SPACE STORAGE	COM	30225T102	403,595	5,230,631	SH		OTR	3	5,230,631	0	0
EXTRA SPACE STORAGE	COM	30225T102	502	6,500	SH		SOLE	3	6,500	0	0
EXXON MOBIL	COM	30231G102	4,828	64,934	SH		OTR	3	64,934	0	0
EXXON MOBIL	COM	30231G102	7,099	95,481	SH		SOLE	3	95,481	0	0
F M C	COM NEW	302491303	105	3,100	SH		SOLE	3	3,100	0	0
F5 NETWORKS	COM	315616102	510	4,400	SH		SOLE	3	4,400	0	0
FACEBOOK	CL A	30303M102	8,593	95,595	SH		DFND	4	95,595	0	0
FACEBOOK	CL A	30303M102	8,680	96,549	SH		OTR	3	96,549	0	0
FACEBOOK	CL A	30303M102	14,006	155,800	SH		SOLE	3	155,800	0	0
FAIRCHILD SEMICONDUCTOR	COM	303726103	446	31,800	SH		SOLE	3	31,800	0	0
FASTENAL	COM	311900104	242	6,600	SH		SOLE	3	6,600	0	0
FCB FINL HLDGS	CL A	30255G103	418	12,800	SH		SOLE	3	12,800	0	0
FEDEX	COM	31428X106	4,910	34,100	SH		SOLE	3	34,100	0	0
FELCOR LODGING TR	COM	31430F101	29	4,100	SH		SOLE	3	4,100	0	0
FIAT CHRYSLER AUTOMOBILES N MAN	COV SEC 16	N31738110	5,931	50,000	SH		DFND	5,1,2	50,000	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	71	5,200	SH		SOLE	3	5,200	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	4,571	337,100	SH		SOLE	3	337,100	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	714	20,138	SH		SOLE	3	20,138	0	0
FIDELITY NATL INFORMATION	COM	31620M106	431	6,429	SH		SOLE	3	6,429	0	0
FIFTH THIRD	COM	316773100	356	18,800	SH		SOLE	3	18,800	0	0
FIREEYE	COM	31816Q101	4,242	133,315	SH		DFND	4	133,315	0	0
FIREEYE	COM	31816Q101	70	2,200	SH		SOLE	3	2,200	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	73	3,500	SH		SOLE	3	3,500	0	0
FIRST POTOMAC RLTY	COM	33610F109	20	1,800	SH		SOLE	3	1,800	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	188	3,000	SH		SOLE	3	3,000	0	0
FIRST SOLAR	COM	336433107	304	7,100	SH		SOLE	3	7,100	0	0
FIRSTENERGY	COM	337932107	292	9,335	SH		SOLE	3	9,335	0	0
FISERV	COM	337738108	3,516	40,600	SH		SOLE	3	40,600	0	0
FITBIT	CL A	33812L102	990	26,272	SH		DFND	4	26,272	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	248	1,800	SH		SOLE	3	1,800	0	0
FLEXTRONICS INTL	ORD	Y2573F102	139	13,200	SH		SOLE	3	13,200	0	0
FLIR SYS	COM	302445101	90	3,200	SH		SOLE	3	3,200	0	0
FLOWSERVE	COM	34354P105	132	3,200	SH		SOLE	3	3,200	0	0
FLUOR CORP	COM	343412102	152	3,600	SH		SOLE	3	3,600	0	0
FMC TECHNOLOGIES	COM	30249U101	158	5,100	SH		SOLE	3	5,100	0	0
FOOT LOCKER	COM	344849104	252	3,500	SH		SOLE	3	3,500	0	0
FORTINET	COM	34959E109	382	9,000	SH		SOLE	3	9,000	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	4,108	86,540	SH		OTR	3	86,540	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	1,405	29,600	SH		SOLE	3	29,600	0	0
FRANKLIN RES	COM	354613101	3,048	81,800	SH		OTR	3	81,800	0	0
FRANKLIN RES	COM	354613101	350	9,400	SH		SOLE	3	9,400	0	0
FRANKLIN STREET PPTYS	COM	35471R106	30	2,800	SH		SOLE	3	2,800	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	114	24,063	SH		SOLE	3	24,063	0	0
GAMESTOP CORP	CL A	36467W109	1,249	30,300	SH		SOLE	3	30,300	0	0
GAMING & LEISURE PPTYS	COM	36467J108	86	2,900	SH		SOLE	3	2,900	0	0
GAP INC	COM	364760108	650	22,800	SH		SOLE	3	22,800	0	0
GARMIN	SHS	H2906T109	100	2,800	SH		SOLE	3	2,800	0	0
GARTNER	COM	366651107	143	1,700	SH		SOLE	3	1,700	0	0
GENERAL DYNAMICS	COM	369550108	124	900	SH		OTR	3	900	0	0
GENERAL DYNAMICS	COM	369550108	4,014	29,100	SH		SOLE	3	29,100	0	0
GENERAL ELECTRIC	COM	369604103	108	4,300	SH		OTR	3	4,300	0	0
GENERAL ELECTRIC	COM	369604103	6,459	256,100	SH		SOLE	3	256,100	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	106,360	4,095,477	SH		OTR	3	4,095,477	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	864	33,278	SH		SOLE	3	33,278	0	0
GENERAL MLS	COM	370334104	763	13,600	SH		SOLE	3	13,600	0	0
GENERAL MTRS	COM	37045V100	8,925	297,300	SH		OTR	3	297,300	0	0
GENERAL MTRS	COM	37045V100	991	33,000	SH		SOLE	3	33,000	0	0
GENUINE PARTS	COM	372460105	298	3,600	SH		SOLE	3	3,600	0	0
GEO GROUP INC	COM	36162J106	71	2,400	SH		SOLE	3	2,400	0	0
GETTY RLTY CORP	COM	374297109	14	900	SH		SOLE	3	900	0	0
GILEAD SCIENCES	COM	375558103	4,901	49,916	SH		DFND	4	49,916	0	0
GILEAD SCIENCES	COM	375558103	137	1,400	SH		OTR	3	1,400	0	0
GILEAD SCIENCES	COM	375558103	13,943	142,000	SH		SOLE	3	142,000	0	0
GLADSTONE COML	COM	376536108	8	600	SH		SOLE	3	600	0	0
GLOBAL NET LEASE	COM	379378102	50	5,400	SH		SOLE	3	5,400	0	0
GLOBAL PMTS	COM	37940X102	964	8,400	SH		SOLE	3	8,400	0	0
GOGO	COM	38046C109	70	1,000	SH		DFND	5,1,2	1,000	0	0
GOGO	COM	38046C109	3,132	205,000	SH		DFND	5,1,2	205,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	16,709	96,161	SH		OTR	3	96,161	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,755	10,100	SH		SOLE	3	10,100	0	0
GOODYEAR TIRE & RUBR	COM	382550101	185	6,300	SH		SOLE	3	6,300	0	0
GOPRO	CL A	38268T103	922	29,560	SH		DFND	4	29,560	0	0
GRAINGER W W	COM	384802104	65	300	SH		OTR	3	300	0	0
GRAINGER W W	COM	384802104	301	1,400	SH		SOLE	3	1,400	0	0
GRAMERCY PPTY TR	COM NEW	38489R605	38	1,825	SH		SOLE	3	1,825	0	0
GRIFFON	COM	398433102	396	25,100	SH		SOLE	3	25,100	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	1,229	31,000	SH		SOLE	3	31,000	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	104	4,000	SH		SOLE	3	4,000	0	0
HALLIBURTON	COM	406216101	377	10,670	SH		DFND	4	10,670	0	0
HALLIBURTON	COM	406216101	6,050	171,150	SH		OTR	3	171,150	0	0
HALLIBURTON	COM	406216101	682	19,300	SH		SOLE	3	19,300	0	0
HANESBRANDS	COM	410345102	234	8,100	SH		OTR	3	8,100	0	0
HANESBRANDS	COM	410345102	958	33,100	SH		SOLE	3	33,100	0	0
HARLEY DAVIDSON	COM	412822108	7,034	128,119	SH		OTR	3	128,119	0	0
HARLEY DAVIDSON	COM	412822108	269	4,900	SH		SOLE	3	4,900	0	0
HARMAN INTL INDS	COM	413086109	134	1,400	SH		SOLE	3	1,400	0	0
HARRIS CORP	COM	413875105	198	2,700	SH		SOLE	3	2,700	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	169	3,700	SH		OTR	3	3,700	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	1,721	37,600	SH		SOLE	3	37,600	0	0
HASBRO	COM	418056107	895	12,400	SH		SOLE	3	12,400	0	0
HAWAIIAN HOLDINGS	COM	419879101	1,234	50,000	SH		SOLE	3	50,000	0	0
HCA HOLDINGS	COM	40412C101	4,275	55,260	SH		OTR	3	55,260	0	0
HCA HOLDINGS	COM	40412C101	781	10,100	SH		SOLE	3	10,100	0	0
HCP	COM	40414L109	214,404	5,755,816	SH		OTR	3	5,755,816	0	0
HCP	COM	40414L109	969	26,000	SH		SOLE	3	26,000	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	1,152	18,860	SH		OTR	3	18,860	0	0
HEALTH NET	COM	42222G108	3,207	53,250	SH		OTR	3	53,250	0	0
HEALTHCARE RLTY	COM	421946104	82	3,300	SH		SOLE	3	3,300	0	0
HELEN OF TROY CORP	COM	G4388N106	554	6,200	SH		SOLE	3	6,200	0	0
HELMERICH & PAYNE	COM	423452101	113	2,400	SH		SOLE	3	2,400	0	0
HERBALIFE LTD COM	SHS	G4412G101	11,510	211,200	SH		DFND	5,1,2	211,200	0	0
HERBALIFE LTD COM	SHS	G4412G101	529	9,700	SH		SOLE	3	9,700	0	0
HERSHEY	COM	427866108	322	3,500	SH		SOLE	3	3,500	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	174	10,400	SH		SOLE	3	10,400	0	0
HESS	COM	42809H107	305	6,100	SH		SOLE	3	6,100	0	0
HEWLETT PACKARD	COM	428236103	1,047	40,900	SH		SOLE	3	40,900	0	0
HEXCEL CORP	COM	428291108	193	4,300	SH		SOLE	3	4,300	0	0
HIGHWOODS PPTYS	COM	431284108	116	3,000	SH		SOLE	3	3,000	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	8,360	364,450	SH		OTR	3	364,450	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	3,358	146,400	SH		SOLE	3	146,400	0	0
HOLLYFRONTIER	COM	436106108	215	4,400	SH		SOLE	3	4,400	0	0
HOLOGIC	COM	436440101	771	19,700	SH		SOLE	3	19,700	0	0
HOME DEPOT	COM	437076102	5,313	46,000	SH		OTR	3	46,000	0	0
HOME DEPOT	COM	437076102	20,078	173,850	SH		SOLE	3	173,850	0	0
HOME PROPERTIES	COM	437306103	135	1,800	SH		SOLE	3	1,800	0	0
HONEYWELL INTL	COM	438516106	18,198	192,190	SH		OTR	3	192,190	0	0
HONEYWELL INTL	COM	438516106	2,083	22,000	SH		SOLE	3	22,000	0	0
HORMEL FOODS	COM	440452100	222	3,500	SH		SOLE	3	3,500	0	0
HOST HOTELS & RESORTS	COM	44107P104	342,072	21,636,435	SH		OTR	3	21,636,435	0	0
HOST HOTELS & RESORTS	COM	44107P104	678	42,908	SH		SOLE	3	42,908	0	0
HUDSON CITY	COM	443683107	131	12,900	SH		SOLE	3	12,900	0	0
HUDSON PAC PPTYS	COM	444097109	69	2,400	SH		SOLE	3	2,400	0	0
HUMANA	COM	444859102	2,112	11,800	SH		SOLE	3	11,800	0	0
HUNT J B TRANS SVCS	COM	445658107	164	2,300	SH		SOLE	3	2,300	0	0
HUNTINGTON BANCSHARES	COM	446150104	169	15,900	SH		OTR	3	15,900	0	0
HUNTINGTON BANCSHARES	COM	446150104	201	19,000	SH		SOLE	3	19,000	0	0
ICICI BK	ADR	45104G104	4,971	593,240	SH		OTR	3	593,240	0	0
ICICI BK	ADR	45104G104	4,459	532,100	SH		SOLE	3	532,100	0	0
IHS	CL A	451734107	186	1,600	SH		SOLE	3	1,600	0	0
ILLINOIS TOOL WKS	COM	452308109	708	8,600	SH		SOLE	3	8,600	0	0
ILLUMINA	COM	452327109	6,650	37,820	SH		OTR	3	37,820	0	0
ILLUMINA	COM	452327109	563	3,200	SH		SOLE	3	3,200	0	0
INCYTE	COM	45337C102	2,251	20,400	SH		SOLE	3	20,400	0	0
INDEPENDENCE RLTY TR	COM	45378A106	7	964	SH		SOLE	3	964	0	0
INFOSYS LTD	ADR	456788108	573	30,000	SH		SOLE	3	30,000	0	0
INFOSYS LTD	ADR	456788108	3,314	173,600	SH		SOLE	3	173,600	0	0
INGERSOLL-RAND	SHS	G47791101	322	6,344	SH		SOLE	3	6,344	0	0
INGREDION	COM	457187102	655	7,500	SH		SOLE	3	7,500	0	0
INLAND REAL ESTATE	COM NEW	457461200	23	2,900	SH		SOLE	3	2,900	0	0
INLAND REAL ESTATE CORP REDM	PFD SER B	457461507	5,108	203,900	SH		OTR	3	0	0	0
INTEL	COM	458140100	10,389	344,700	SH		OTR	3	344,700	0	0
INTEL	COM	458140100	4,012	133,100	SH		SOLE	3	133,100	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	16	69	SH		DFND	1,2	69	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	12,236	52,070	SH		OTR	3	52,070	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	600	2,555	SH		SOLE	3	2,555	0	0
INTERNATIONAL	COM	459506101	661	6,400	SH		SOLE	3	6,400	0	0
INTERNATIONAL BUSINESS	COM	459200101	4,378	30,200	SH		OTR	3	30,200	0	0
INTERNATIONAL BUSINESS	COM	459200101	8,618	59,450	SH		SOLE	3	59,450	0	0
INTERPUBLIC GROUP COS	COM	460690100	3,818	199,600	SH		OTR	3	199,600	0	0
INTERPUBLIC GROUP COS	COM	460690100	182	9,500	SH		SOLE	3	9,500	0	0
INTL PAPER	COM	460146103	351	9,300	SH		SOLE	3	9,300	0	0
INTUIT	COM	461202103	1,935	21,800	SH		SOLE	3	21,800	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	391	850	SH		SOLE	3	850	0	0
INVESCO	SHS	G491BT108	5,765	184,600	SH		OTR	3	184,600	0	0
INVESCO	SHS	G491BT108	308	9,850	SH		SOLE	3	9,850	0	0
IROBOT	COM	462726100	1,786	61,321	SH		DFND	4	61,321	0	0
IRON MTN INC	COM	46284V101	320	10,328	SH		SOLE	3	10,328	0	0
ISHARES TR	MSCI UAE ETF	46434V761	559	31,700	SH		SOLE	3	31,700	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	792	37,500	SH		SOLE	3	37,500	0	0
ISIS PHARMACEUTICALS	COM	464330109	113	2,800	SH		SOLE	3	2,800	0	0
ITC HLDGS	COM	465685105	153	4,600	SH		SOLE	3	4,600	0	0
ITRON	COM	465741106	1,302	40,800	SH		SOLE	3	40,800	0	0
JACK IN THE BOX	COM	466367109	131	1,700	SH		SOLE	3	1,700	0	0
JACOBS ENGR GROUP INC	COM	469814107	120	3,200	SH		SOLE	3	3,200	0	0
JAKKS PAC	COM	47012E106	89	500	SH		DFND	5,1,2	500	0	0
JARDEN	COM	471109108	210	4,300	SH		SOLE	3	4,300	0	0
JETBLUE AIRWAYS	COM	477143101	52	2,000	SH		SOLE	3	2,000	0	0
JOHNSON &	COM	478160104	5,895	63,150	SH		SOLE	3	63,150	0	0
JOHNSON &	COM	478160104	93	1,000	SH		SOLE	3	1,000	0	0
JOHNSON CTLS	COM	478366107	629	15,200	SH		SOLE	3	15,200	0	0
JONES LANG LASALLE	COM	48020Q107	129	900	SH		SOLE	3	900	0	0
JPMORGAN CHASE &	COM	46625H100	5,549	91,020	SH		SOLE	3	91,020	0	0
JPMORGAN CHASE &	COM	46625H100	287	4,700	SH		SOLE	3	4,700	0	0
JPMORGAN CHASE &	COM	46625H100	9,560	156,800	SH		SOLE	3	156,800	0	0
JUNIPER NETWORKS	COM	48203R104	1,759	68,400	SH		SOLE	3	68,400	0	0
KANSAS CITY	COM NEW	485170302	1,009	11,100	SH		SOLE	3	11,100	0	0
KATE SPADE &	COM	485865109	1,497	78,345	SH		DFND	4	78,345	0	0
KELLOGG	COM	487836108	399	6,000	SH		SOLE	3	6,000	0	0
KEURIG GREEN MTN	COM	49271M100	141	2,700	SH		SOLE	3	2,700	0	0
KEYCORP	COM	493267108	268	20,600	SH		SOLE	3	20,600	0	0
KILROY RLTY	COM	49427F108	215	3,300	SH		SOLE	3	3,300	0	0
KILROY RLTY	COM	49427F108	240,603	3,692,500	SH		SOLE	3	3,692,500	0	0
KIMBERLY CLARK	COM	494368103	905	8,300	SH		SOLE	3	8,300	0	0
KIMCO RLTY	COM	49446R109	591	24,200	SH		SOLE	3	24,200	0	0
KINDER MORGAN INC	COM	49456B101	1,165	42,077	SH		SOLE	3	42,077	0	0
KITE RLTY GROUP	COM NEW	49803T300	65	2,725	SH		SOLE	3	2,725	0	0
KLA-TENCOR	COM	482480100	200	4,000	SH		SOLE	3	4,000	0	0
KOHLS	COM	500255104	1,366	29,500	SH		SOLE	3	29,500	0	0
KRAFT HEINZ	COM	500754106	3,501	49,603	SH		SOLE	3	49,603	0	0
KROGER	COM	501044101	2,709	75,100	SH		SOLE	3	75,100	0	0
KROGER	COM	501044101	170	4,700	SH		SOLE	3	4,700	0	0
L BRANDS	COM	501797104	523	5,800	SH		SOLE	3	5,800	0	0
L BRANDS	COM	501797104	5,485	60,854	SH		SOLE	3	60,854	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	199	1,900	SH		SOLE	3	1,900	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	162	1,550	SH		SOLE	3	1,550	0	0
LABORATORY CORP AMER	COM NEW	50540R409	792	7,300	SH		SOLE	3	7,300	0	0
LAM RESEARCH	COM	512807108	608	9,300	SH		SOLE	3	9,300	0	0
LAS VEGAS SANDS	COM	517834107	1,410	37,150	SH		DFND	4	37,150	0	0
LAS VEGAS SANDS	COM	517834107	353	9,300	SH		SOLE	3	9,300	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	42	8,700	SH		SOLE	3	8,700	0	0
LAUDER ESTEE COS	CL A	518439104	16,923	209,751	SH		OTR	3	209,751	0	0
LAUDER ESTEE COS	CL A	518439104	420	5,200	SH		SOLE	3	5,200	0	0
LEAR	COM NEW	521865204	207	1,900	SH		SOLE	3	1,900	0	0
LEGG MASON	COM	524901105	1,101	26,450	SH		SOLE	3	26,450	0	0
LEGGETT & PLATT	COM	524660107	392	9,500	SH		SOLE	3	9,500	0	0
LEIDOS HLDGS	COM	525327102	376	9,100	SH		SOLE	3	9,100	0	0
LENNAR	CL A	526057104	202	4,200	SH		SOLE	3	4,200	0	0
LENNOX INTL	COM	526107107	57	500	SH		SOLE	3	500	0	0
LEUCADIA NATL	COM	527288104	142	7,000	SH		SOLE	3	7,000	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	306	7,000	SH		SOLE	3	7,000	0	0
LEXINGTON REALTY	COM	529043101	55	6,846	SH		SOLE	3	6,846	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	253	5,903	SH		SOLE	3	5,903	0	0
LIBERTY MEDIA CORP	CL A	531229102	82	2,300	SH		SOLE	3	2,300	0	0
LILLY ELI &	COM	532457108	10,045	120,030	SH		OTR	3	120,030	0	0
LILLY ELI &	COM	532457108	5,977	71,420	SH		SOLE	3	71,420	0	0
LINCOLN NATL CORP	COM	534187109	278	5,849	SH		SOLE	3	5,849	0	0
LINEAR TECHNOLOGY	COM	535678106	230	5,700	SH		SOLE	3	5,700	0	0
LINKEDIN CORP	CL A	53578A108	2,883	15,165	SH		DFND	4	15,165	0	0
LINKEDIN CORP	CL A	53578A108	475	2,500	SH		SOLE	3	2,500	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	1,560	64,900	SH		SOLE	3	64,900	0	0
LKQ	COM	501889208	207	7,300	SH		SOLE	3	7,300	0	0
LOCKHEED MARTIN	COM	539830109	8,500	41,000	SH		SOLE	3	41,000	0	0
LOCKHEED MARTIN	COM	539830109	5,038	24,300	SH		SOLE	3	24,300	0	0
LOEWS	COM	540424108	239	6,600	SH		SOLE	3	6,600	0	0
LOWES COS	COM	548661107	10,276	149,100	SH		SOLE	3	149,100	0	0
LTC PPTYS	COM	502175102	51	1,200	SH		SOLE	3	1,200	0	0
LULULEMON ATHLETICA	COM	550021109	496	9,800	SH		SOLE	3	9,800	0	0
M & T BK	COM	55261F104	323	2,650	SH		SOLE	3	2,650	0	0
M D C HLDGS	COM	552676108	1,822	69,600	SH		SOLE	3	69,600	0	0
MACERICH	COM	554382101	933	12,145	SH		SOLE	3	12,145	0	0
MACERICH	COM	554382101	268,467	3,494,755	SH		SOLE	3	3,494,755	0	0
MACK CALI RLTY	COM	554489104	53	2,800	SH		SOLE	3	2,800	0	0
MACYS	COM	55616P104	1,380	26,898	SH		SOLE	3	26,898	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	582	9,100	SH		SOLE	3	9,100	0	0
MANHATTAN ASSOCS	COM	562750109	1,339	21,500	SH		SOLE	3	21,500	0	0
MANPOWERGROUP	COM	56418H100	598	7,300	SH		SOLE	3	7,300	0	0
MANPOWERGROUP	COM	56418H100	4,040	49,330	SH		SOLE	3	49,330	0	0
MARATHON OIL	COM	565849106	237	15,400	SH		SOLE	3	15,400	0	0
MARATHON PETE	COM	56585A102	2,581	55,700	SH		SOLE	3	55,700	0	0
MARATHON PETE	COM	56585A102	51	1,100	SH		SOLE	3	1,100	0	0
MARRIOTT INTL INC	CL A	571903202	878	12,867	SH		SOLE	3	12,867	0	0
MARRIOTT VACATIONS WRLDWDE	COM	57164Y107	170	2,500	SH		SOLE	3	2,500	0	0
MARSH & MCLENNAN COS	COM	571748102	648	12,400	SH		SOLE	3	12,400	0	0
MARTIN MARIETTA MATLS	COM	573284106	425	2,800	SH		SOLE	3	2,800	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	81	8,900	SH		SOLE	3	8,900	0	0
MASCO	COM	574599106	438	17,400	SH		SOLE	3	17,400	0	0
MASTERCARD	CL A	57636Q104	4,267	47,350	SH		OTR	3	47,350	0	0
MASTERCARD	CL A	57636Q104	6,948	77,100	SH		SOLE	3	77,100	0	0
MATTEL	COM	577081102	164	7,800	SH		SOLE	3	7,800	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	220	6,600	SH		SOLE	3	6,600	0	0
MCDONALDS	COM	580135101	2,163	21,950	SH		SOLE	3	21,950	0	0
MCGRAW HILL FINL	COM	580645109	1,817	21,000	SH		SOLE	3	21,000	0	0
MCKESSON	COM	58155Q103	6,012	32,490	SH		OTR	3	32,490	0	0
MCKESSON	COM	58155Q103	971	5,250	SH		SOLE	3	5,250	0	0
MDU RES GROUP	COM	552690109	77	4,500	SH		SOLE	3	4,500	0	0
MEAD JOHNSON NUTRITION	COM	582839106	331	4,700	SH		SOLE	3	4,700	0	0
MEDICAL PPTYS TRUST	COM	58463J304	83	7,500	SH		SOLE	3	7,500	0	0
MEDIFAST	COM	58470H101	97	3,600	SH		SOLE	3	3,600	0	0
MEDIVATION	COM	58501N101	604	14,200	SH		SOLE	3	14,200	0	0
MEDTRONIC	SHS	G5960L103	175	2,616	SH		OTR	3	2,616	0	0
MEDTRONIC	SHS	G5960L103	6,275	93,744	SH		SOLE	3	93,744	0	0
MERCK & CO INC	COM	58933Y105	13,222	267,698	SH		OTR	3	267,698	0	0
MERCK & CO INC	COM	58933Y105	3,189	64,558	SH		SOLE	3	64,558	0	0
METLIFE	COM	59156R108	1,023	21,700	SH		SOLE	3	21,700	0	0
METTLER TOLEDO	COM	592688105	698	2,450	SH		SOLE	3	2,450	0	0
MGM RESORTS	COM	552953101	188	10,200	SH		SOLE	3	10,200	0	0
MICHAEL KORS HLDGS	SHS	G60754101	1,880	44,511	SH		DFND	4	44,511	0	0
MICHAEL KORS HLDGS	SHS	G60754101	203	4,800	SH		SOLE	3	4,800	0	0
MICROCHIP TECHNOLOGY	COM	595017104	371	8,600	SH		SOLE	3	8,600	0	0
MICRON TECHNOLOGY	COM	595112103	4,196	280,110	SH		OTR	3	280,110	0	0
MICRON TECHNOLOGY	COM	595112103	373	24,900	SH		SOLE	3	24,900	0	0
MICROSOFT	COM	594918104	31,710	716,440	SH		OTR	3	716,440	0	0
MICROSOFT	COM	594918104	7,976	180,200	SH		SOLE	3	180,200	0	0
MID-AMER APT CMNTYS	COM	59522J103	27,615	337,301	SH		OTR	3	337,301	0	0
MID-AMER APT CMNTYS	COM	59522J103	209	2,556	SH		SOLE	3	2,556	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	1,083	150,000	SH		OTR	3	150,000	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	576	79,750	SH		SOLE	3	79,750	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	1,004	22,080	SH		DFND	4	22,080	0	0
MOHAWK INDS	COM	608190104	1,363	7,500	SH		SOLE	3	7,500	0	0
MONDELEZ INTL	CL A	609207105	15,784	376,984	SH		OTR	3	376,984	0	0
MONDELEZ INTL	CL A	609207105	1,558	37,211	SH		SOLE	3	37,211	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	18	1,800	SH		SOLE	3	1,800	0	0
MONOGRAM RESIDENTIAL TR	COM	60979P105	50	5,400	SH		SOLE	3	5,400	0	0
MONSANTO CO	COM	61166W101	137	1,600	SH		OTR	3	1,600	0	0
MONSANTO CO	COM	61166W101	1,571	18,406	SH		SOLE	3	18,406	0	0
MONSTER BEVERAGE CORP	COM	61174X109	7,987	59,100	SH		OTR	3	59,100	0	0
MONSTER BEVERAGE CORP	COM	61174X109	1,757	13,000	SH		SOLE	3	13,000	0	0
MOODYS	COM	615369105	412	4,200	SH		SOLE	3	4,200	0	0
MORGAN	COM NEW	617446448	4,552	144,500	SH		OTR	3	144,500	0	0
MORGAN	COM NEW	617446448	1,099	34,900	SH		SOLE	3	34,900	0	0
MOSAIC CO	COM	61945C103	1,462	47,000	SH		SOLE	3	47,000	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	356	5,213	SH		SOLE	3	5,213	0	0
MURPHY OIL	COM	626717102	94	3,900	SH		SOLE	3	3,900	0	0
MYERS INDS	COM	628464109	409	30,500	SH		SOLE	3	30,500	0	0
NABORS INDUSTRIES	SHS	G6359F103	64	6,800	SH		SOLE	3	6,800	0	0
NASDAQ	COM	631103108	491	9,200	SH		SOLE	3	9,200	0	0
NATIONAL HEALTH INVS	COM	63633D104	63	1,100	SH		SOLE	3	1,100	0	0
NATIONAL OILWELL VARCO	COM	637071101	1,965	52,200	SH		OTR	3	52,200	0	0
NATIONAL OILWELL VARCO	COM	637071101	333	8,833	SH		SOLE	3	8,833	0	0
NATIONAL RETAIL PPTYS	COM	637417106	78,077	2,152,649	SH		OTR	3	2,152,649	0	0
NATIONAL RETAIL PPTYS	COM	637417106	156	4,300	SH		SOLE	3	4,300	0	0
NAVIENT	COM	63938C108	111	9,900	SH		SOLE	3	9,900	0	0
NETAPP	COM	64110D104	86	2,900	SH		OTR	3	2,900	0	0
NETAPP	COM	64110D104	622	21,000	SH		SOLE	3	21,000	0	0
NETFLIX	COM	64110L106	3,180	30,800	SH		SOLE	3	30,800	0	0
NETGEAR	COM	64111Q104	120	4,100	SH		SOLE	3	4,100	0	0
NETSUITE	COM	64118Q107	67	800	SH		SOLE	3	800	0	0
NEUSTAR	CL A	64126X201	490	18,000	SH		SOLE	3	18,000	0	0
NEW SR INVT GROUP	COM	648691103	28	2,700	SH		SOLE	3	2,700	0	0
NEW YORK CMNTY BANCORP	COM	649445103	605	33,500	SH		SOLE	3	33,500	0	0
NEW YORK REIT	COM	64976L109	53	5,300	SH		SOLE	3	5,300	0	0
NEWELL RUBBERMAID	COM	651229106	1,803	45,400	SH		SOLE	3	45,400	0	0
NEWMONT MINING	COM	651639106	183	11,400	SH		SOLE	3	11,400	0	0
NEWS CORP	CL A	65249B109	115	9,137	SH		SOLE	3	9,137	0	0
NEXPOINT RESIDENTIAL TR	COM	65341D102	9	700	SH		SOLE	3	700	0	0
NEXTERA ENERGY	COM	65339F101	240	2,462	SH		OTR	3	2,462	0	0
NEXTERA ENERGY	COM	65339F101	1,380	14,150	SH		SOLE	3	14,150	0	0
NOBLE ENERGY	COM	655044105	284	9,400	SH		SOLE	3	9,400	0	0
NORDSTROM	COM	655664100	214	3,200	SH		SOLE	3	3,200	0	0
NORFOLK SOUTHERN	COM	655844108	535	7,000	SH		SOLE	3	7,000	0	0
NORTHERN TR	COM	665859104	8,806	129,200	SH		OTR	3	129,200	0	0
NORTHERN TR	COM	665859104	368	5,400	SH		SOLE	3	5,400	0	0
NORTHROP GRUMMAN	COM	666807102	5,252	31,650	SH		SOLE	3	31,650	0	0
NORTHSTAR RLTY FIN	COM NEW	66704R704	337	8,033	SH		DFND	5,1,2	8,033	0	0
NORTHSTAR RLTY FIN	COM NEW	66704R704	185	15,000	SH		DFND	5,1,2	15,000	0	0
NORTHSTAR RLTY FIN	COM NEW	66704R704	144	11,700	SH		SOLE	3	11,700	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	3,639	63,500	SH		SOLE	3	63,500	0	0
NOW	COM	67011P100	1,464	98,900	SH		OTR	3	98,900	0	0
NRG ENERGY	COM NEW	629377508	117	7,900	SH		SOLE	3	7,900	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	106	6,500	SH		SOLE	3	6,500	0	0
NUCOR	COM	670346105	270	7,200	SH		SOLE	3	7,200	0	0
NVIDIA	COM	67066G104	519	21,050	SH		SOLE	3	21,050	0	0
NVR	COM	62944T105	1,068	700	SH		SOLE	3	700	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	9,462	108,670	SH		OTR	3	108,670	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	165	1,900	SH		SOLE	3	1,900	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	5,250	21,000	SH		SOLE	3	21,000	0	0
OCCIDENTAL PETE CORP	COM	674599105	172	2,600	SH		OTR	3	2,600	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,161	17,550	SH		SOLE	3	17,550	0	0
OCEANEERING INTL	COM	675232102	98	2,500	SH		SOLE	3	2,500	0	0
OGE ENERGY	COM	670837103	115	4,200	SH		SOLE	3	4,200	0	0
OLD REP INTL	COM	680223104	1,291	82,600	SH		DFND	5,1,2	82,600	0	0
OMEGA HEALTHCARE INVS	COM	681936100	298,698	8,497,818	SH		OTR	3	8,497,818	0	0
OMEGA HEALTHCARE INVS	COM	681936100	183	5,220	SH		SOLE	3	5,220	0	0
OMNICOM GROUP	COM	681919106	376	5,700	SH		SOLE	3	5,700	0	0
ON SEMICONDUCTOR	COM	682189105	611	65,050	SH		DFND	5,1,2	65,050	0	0
ONE LIBERTY PPTYS	COM	682406103	9	400	SH		SOLE	3	400	0	0
ONEOK INC	COM	682680103	164	5,100	SH		SOLE	3	5,100	0	0
ORACLE	COM	68389X105	3,670	101,600	SH		OTR	3	101,600	0	0
ORACLE	COM	68389X105	2,867	79,383	SH		SOLE	3	79,383	0	0
OUTERWALL	COM	690070107	387	6,800	SH		SOLE	3	6,800	0	0
PACCAR	COM	693718108	430	8,237	SH		SOLE	3	8,237	0	0
PACKAGING CORP	COM	695156109	126	2,100	SH		SOLE	3	2,100	0	0
PALO ALTO NETWORKS	COM	697435105	1,084	6,300	SH		SOLE	3	6,300	0	0
PANDORA MEDIA	COM	698354107	8,806	412,689	SH		DFND	4	412,689	0	0
PARAMOUNT GROUP	COM	69924R108	32	1,883	SH		OTR	3	1,883	0	0
PARKER HANNIFIN	COM	701094104	302	3,100	SH		SOLE	3	3,100	0	0
PARKWAY PPTYS	COM	70159Q104	42	2,700	SH		SOLE	3	2,700	0	0
PARTNERRE	COM	G6852T105	514	3,700	SH		SOLE	3	3,700	0	0
PATTERN ENERGY GROUP	CL A	70338P100	113	5,900	SH		SOLE	3	5,900	0	0
PATTERSON COMPANIES	COM	703395103	255	5,900	SH		SOLE	3	5,900	0	0
PAYCHEX	COM	704326107	357	7,500	SH		SOLE	3	7,500	0	0
PAYPAL HLDGS	COM	70450Y103	1,000	32,219	SH		DFND	4	32,219	0	0
PAYPAL HLDGS	COM	70450Y103	778	25,050	SH		SOLE	3	25,050	0	0
PEBBLEBROOK HOTEL	COM	70509V100	46,957	1,324,608	SH		OTR	3	1,324,608	0	0
PEBBLEBROOK HOTEL	COM	70509V100	82	2,300	SH		SOLE	3	2,300	0	0
PENTAIR	SHS	G7S00T104	213	4,180	SH		SOLE	3	4,180	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	115	7,300	SH		SOLE	3	7,300	0	0
PEPCO HOLDINGS	COM	713291102	136	5,600	SH		SOLE	3	5,600	0	0
PEPSICO	COM	713448108	3,176	33,685	SH		SOLE	3	33,685	0	0
PERRIGO CO	SHS	G97822103	519	3,300	SH		SOLE	3	3,300	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	637	146,400	SH		SOLE	3	146,400	0	0
PFIZER	COM	717081103	4,275	136,100	SH		OTR	3	136,100	0	0
PFIZER	COM	717081103	14,886	473,921	SH		SOLE	3	473,921	0	0
PG&E	COM	69331C108	1,547	29,300	SH		SOLE	3	29,300	0	0
PHILIP MORRIS INTL	COM	718172109	2,800	35,300	SH		SOLE	3	35,300	0	0
PHILLIPS	COM	718546104	3,631	47,250	SH		SOLE	3	47,250	0	0
PHYSICIANS RLTY	COM	71943U104	12,230	810,458	SH		OTR	3	810,458	0	0
PHYSICIANS RLTY	COM	71943U104	33	2,200	SH		SOLE	3	2,200	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	88	4,900	SH		SOLE	3	4,900	0	0
PINNACLE WEST CAP	COM	723484101	154	2,400	SH		SOLE	3	2,400	0	0
PIONEER NAT RES	COM	723787107	414	3,400	SH		SOLE	3	3,400	0	0
PLUM CREEK TIMBER CO	COM	729251108	162	4,100	SH		SOLE	3	4,100	0	0
PNC FINL SVCS GROUP	COM	693475105	152	1,700	SH		OTR	3	1,700	0	0
PNC FINL SVCS GROUP	COM	693475105	1,039	11,646	SH		SOLE	3	11,646	0	0
POLARIS INDS	COM	731068102	180	1,500	SH		SOLE	3	1,500	0	0
POLYCOM	COM	73172K104	167	15,900	SH		SOLE	3	15,900	0	0
POLYONE	COM	73179P106	202	6,900	SH		SOLE	3	6,900	0	0
POOL	COM	73278L105	116	1,600	SH		SOLE	3	1,600	0	0
POST PPTYS	COM	737464107	105	1,800	SH		SOLE	3	1,800	0	0
PPG INDS	COM	693506107	544	6,200	SH		SOLE	3	6,200	0	0
PPL	COM	69351T106	507	15,400	SH		SOLE	3	15,400	0	0
PRAXAIR	COM	74005P104	672	6,600	SH		SOLE	3	6,600	0	0
PRECISION CASTPARTS	COM	740189105	806	3,510	SH		SOLE	3	3,510	0	0
PREFERRED APT CMNTYS	COM	74039L103	8	700	SH		SOLE	3	700	0	0
PRICE T ROWE GROUP	COM	74144T108	417	6,000	SH		SOLE	3	6,000	0	0
PRICELINE GRP	COM NEW	741503403	4,319	3,492	SH		OTR	3	3,492	0	0
PRICELINE GRP	COM NEW	741503403	1,447	1,170	SH		SOLE	3	1,170	0	0
PRINCIPAL FINL GROUP	COM	74251V102	327	6,900	SH		SOLE	3	6,900	0	0
PROASSURANCE	COM	74267C106	20	400	SH		SOLE	3	400	0	0
PROCTER & GAMBLE	COM	742718109	187	2,600	SH		OTR	3	2,600	0	0
PROCTER & GAMBLE	COM	742718109	4,463	62,037	SH		SOLE	3	62,037	0	0
PROGRESSIVE CORP	COM	743315103	1,357	44,300	SH		SOLE	3	44,300	0	0
PROLOGIS	COM	74340W103	186,694	4,799,338	SH		OTR	3	4,799,338	0	0
PROLOGIS	COM	74340W103	1,147	29,484	SH		SOLE	3	29,484	0	0
PRUDENTIAL FINL	COM	744320102	1,250	16,400	SH		SOLE	3	16,400	0	0
PS BUSINESS PKS INC	COM	69360J107	18,329	230,908	SH		OTR	3	230,908	0	0
PS BUSINESS PKS INC	COM	69360J107	48	600	SH		SOLE	3	600	0	0
PUBLIC	COM	74460D109	603,978	2,853,934	SH		OTR	3	2,853,934	0	0
PUBLIC	COM	74460D109	3,164	14,950	SH		SOLE	3	14,950	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	497	11,800	SH		SOLE	3	11,800	0	0
PULTE GROUP	COM	745867101	140	7,400	SH		SOLE	3	7,400	0	0
PVH	COM	693656100	183	1,800	SH		SOLE	3	1,800	0	0
QORVO	COM	74736K101	153	3,400	SH		SOLE	3	3,400	0	0
QTS RLTY TR INC	CL A	74736A103	15,121	346,092	SH		OTR	3	346,092	0	0
QTS RLTY TR INC	CL A	74736A103	48	1,100	SH		SOLE	3	1,100	0	0
QUALCOMM	COM	747525103	145	2,700	SH		OTR	3	2,700	0	0
QUALCOMM	COM	747525103	1,999	37,200	SH		SOLE	3	37,200	0	0
QUANTA SVCS	COM	74762E102	257	10,600	SH		SOLE	3	10,600	0	0
QUEST DIAGNOSTICS	COM	74834L100	203	3,300	SH		SOLE	3	3,300	0	0
QUIDEL CORP	NOTE 3.250%12/1	74838JAA9	2,333	2,500,000	PRN		DFND	5,1,2	2,500,000	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	132	1,900	SH		SOLE	3	1,900	0	0
RACKSPACE HOSTING	COM	750086100	72	2,900	SH		SOLE	3	2,900	0	0
RALPH LAUREN	CL A	751212101	165	1,400	SH		SOLE	3	1,400	0	0
RANGE RES	COM	75281A109	128	4,000	SH		SOLE	3	4,000	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	134	2,700	SH		SOLE	3	2,700	0	0
RAYTHEON	COM NEW	755111507	1,317	12,050	SH		SOLE	3	12,050	0	0
REALOGY HLDGS	COM	75605Y106	120	3,200	SH		SOLE	3	3,200	0	0
REALTY INCOME	COM	756109104	82,237	1,735,325	SH		OTR	3	1,735,325	0	0
REALTY INCOME	COM	756109104	609	12,850	SH		SOLE	3	12,850	0	0
RED HAT	COM	756577102	1,049	14,600	SH		SOLE	3	14,600	0	0
REGENCY CTRS	COM	758849103	365,946	5,888,102	SH		OTR	3	5,888,102	0	0
REGENCY CTRS	COM	758849103	566	9,100	SH		SOLE	3	9,100	0	0
REGENERON	COM	75886F107	325	700	SH		DFND	4	700	0	0
REGENERON	COM	75886F107	5,782	12,430	SH		OTR	3	12,430	0	0
REGENERON	COM	75886F107	2,837	6,100	SH		SOLE	3	6,100	0	0
REGIONS FINL CORP	COM	7591EP100	275	30,535	SH		SOLE	3	30,535	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	415	3,900	SH		SOLE	3	3,900	0	0
REPUBLIC SVCS	COM	760759100	177	4,300	SH		OTR	3	4,300	0	0
REPUBLIC SVCS	COM	760759100	272	6,600	SH		SOLE	3	6,600	0	0
RESMED	COM	761152107	540	10,600	SH		SOLE	3	10,600	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	50	3,000	SH		SOLE	3	3,000	0	0
RETAIL PPTYS AMER	CL A	76131V202	203,736	14,459,648	SH		OTR	3	14,459,648	0	0
RETAIL PPTYS AMER	CL A	76131V202	108	7,700	SH		SOLE	3	7,700	0	0
REXFORD INDL RLTY	COM	76169C100	23	1,700	SH		SOLE	3	1,700	0	0
REYNOLDS AMERICAN	COM	761713106	2,432	54,926	SH		SOLE	3	54,926	0	0
RITE AID	COM	767754104	128	21,100	SH		SOLE	3	21,100	0	0
RLJ LODGING	COM	74965L101	106	4,200	SH		SOLE	3	4,200	0	0
ROBERT HALF INTL	COM	770323103	5,254	102,703	SH		OTR	3	102,703	0	0
ROBERT HALF INTL	COM	770323103	481	9,400	SH		SOLE	3	9,400	0	0
ROCKWELL AUTOMATION	COM	773903109	497	4,900	SH		SOLE	3	4,900	0	0
ROCKWELL COLLINS	COM	774341101	933	11,400	SH		SOLE	3	11,400	0	0
ROPER TECHNOLOGIES	COM	776696106	360	2,300	SH		SOLE	3	2,300	0	0
ROSS STORES	COM	778296103	194	4,000	SH		OTR	3	4,000	0	0
ROSS STORES	COM	778296103	1,919	39,600	SH		SOLE	3	39,600	0	0
ROUSE PPTYS	COM	779287101	19	1,207	SH		SOLE	3	1,207	0	0
ROVI	COM	779376102	357	34,000	SH		SOLE	3	34,000	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	5,256	59,000	SH		SOLE	3	59,000	0	0
RTI INTL METALS INC	NOTE 3.000%12/0	74973WAA5	24,075	24,000,000	PRN		DFND	5,1,2	24,000,000	0	0
RYLAND GROUP INC	NOTE 1.625% 5/1	783764AQ6	6,875	5,000,000	PRN		DFND	5,1,2	5,000,000	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	79	1,600	SH		SOLE	3	1,600	0	0
SABRA HEALTH CARE REIT	COM	78573L106	49	2,100	SH		SOLE	3	2,100	0	0
SALESFORCE COM	COM	79466L302	367	5,300	SH		DFND	4	5,300	0	0
SALESFORCE COM	COM	79466L302	993	14,300	SH		SOLE	3	14,300	0	0
SANDISK	COM	80004C101	283	5,200	SH		SOLE	3	5,200	0	0
SAUL CTRS	COM	804395101	16	300	SH		SOLE	3	300	0	0
SBA COMMUNICATIONS	COM	78388J106	10,970	104,740	SH		OTR	3	104,740	0	0
SBA COMMUNICATIONS	COM	78388J106	314	3,000	SH		SOLE	3	3,000	0	0
SCANA CORP	COM	80589M102	163	2,900	SH		SOLE	3	2,900	0	0
SCHEIN HENRY	COM	806407102	730	5,500	SH		SOLE	3	5,500	0	0
SCHLUMBERGER	COM	806857108	1,994	28,917	SH		SOLE	3	28,917	0	0
SCHWAB CHARLES CORP	COM	808513105	777	27,200	SH		SOLE	3	27,200	0	0
SCIENCE APPLICATNS INTL CP	COM	808625107	8	200	SH		SOLE	3	200	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	423	8,600	SH		SOLE	3	8,600	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	336	7,500	SH		SOLE	3	7,500	0	0
SEALED AIR CORP	COM	81211K100	220	4,700	SH		SOLE	3	4,700	0	0
SEI INVESTMENTS	COM	784117103	685	14,200	SH		SOLE	3	14,200	0	0
SEMPRA	COM	816851109	517	5,350	SH		SOLE	3	5,350	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	155	3,500	SH		SOLE	3	3,500	0	0
SERVICENOW	COM	81762P102	229	3,300	SH		SOLE	3	3,300	0	0
SHAKE SHACK	CL A	819047101	463	9,773	SH		DFND	4	9,773	0	0
SHERWIN WILLIAMS	COM	824348106	1,704	7,650	SH		SOLE	3	7,650	0	0
SIGMA ALDRICH	COM	826552101	389	2,800	SH		SOLE	3	2,800	0	0
SIGNET JEWELERS	SHS	G81276100	762	5,600	SH		SOLE	3	5,600	0	0
SILVER BAY RLTY TR	COM	82735Q102	19	1,200	SH		SOLE	3	1,200	0	0
SIMON PPTY GROUP INC	COM	828806109	1,389,725	7,564,364	SH		OTR	3	7,564,364	0	0
SIMON PPTY GROUP INC	COM	828806109	3,180	17,311	SH		SOLE	3	17,311	0	0
SIRIUS XM HLDGS	COM	82968B103	692	185,100	SH		SOLE	3	185,100	0	0
SIX FLAGS ENTMT CORP	COM	83001A102	7,265	158,700	SH		SOLE	3	158,700	0	0
SK TELECOM LTD	ADR	78440P108	0	3	SH		DFND	2	3	0	0
SKYWORKS SOLUTIONS	COM	83088M102	1,760	20,900	SH		SOLE	3	20,900	0	0
SL GREEN RLTY	COM	78440X101	565,353	5,227,006	SH		OTR	3	5,227,006	0	0
SL GREEN RLTY	COM	78440X101	595	5,500	SH		SOLE	3	5,500	0	0
SMUCKER J M	COM NEW	832696405	947	8,300	SH		SOLE	3	8,300	0	0
SNAP ON	COM	833034101	687	4,550	SH		SOLE	3	4,550	0	0
SOLARCITY	COM	83416T100	3,224	75,489	SH		DFND	4	75,489	0	0
SOLARCITY	COM	83416T100	145	3,400	SH		SOLE	3	3,400	0	0
SOUTHERN	COM	842587107	3,670	82,100	SH		SOLE	3	82,100	0	0
SOUTHERN COPPER	COM	84265V105	200	7,500	SH		SOLE	3	7,500	0	0
SOUTHWEST AIRLS	COM	844741108	1,811	47,600	SH		SOLE	3	47,600	0	0
SOUTHWESTERN ENERGY	COM	845467109	109	8,600	SH		SOLE	3	8,600	0	0
SOVRAN SELF STORAGE	COM	84610H108	113	1,200	SH		SOLE	3	1,200	0	0
SPDR GOLD TRUST	SHS	78463V107	427	4,000	SH		SOLE	3	4,000	0	0
SPECTRA ENERGY	COM	847560109	397	15,096	SH		SOLE	3	15,096	0	0
SPIRIT RLTY CAP INC	COM	84860W102	205,841	22,520,902	SH		OTR	3	22,520,902	0	0
SPIRIT RLTY CAP INC	COM	84860W102	129	14,100	SH		SOLE	3	14,100	0	0
SPLUNK	COM	848637104	2,710	48,977	SH		DFND	4	48,977	0	0
SPLUNK	COM	848637104	155	2,800	SH		SOLE	3	2,800	0	0
SS&C TECHNOLOGIES HLDGS	COM	78467J100	876	12,500	SH		SOLE	3	12,500	0	0
ST JUDE MED	COM	790849103	416	6,600	SH		SOLE	3	6,600	0	0
STAG INDL	COM	85254J102	40	2,200	SH		SOLE	3	2,200	0	0
STANLEY BLACK & DECKER	COM	854502101	545	5,624	SH		SOLE	3	5,624	0	0
STAPLES	COM	855030102	473	40,300	SH		SOLE	3	40,300	0	0
STARBUCKS	COM	855244109	17,592	309,500	SH		SOLE	3	309,500	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	279	4,200	SH		SOLE	3	4,200	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	3,881	162,850	SH		OTR	3	162,850	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	29	1,200	SH		SOLE	3	1,200	0	0
STATE STR	COM	857477103	648	9,643	SH		SOLE	3	9,643	0	0
STEINER LEISURE	ORD	P8744Y102	543	8,600	SH		SOLE	3	8,600	0	0
STERICYCLE	COM	858912108	279	2,000	SH		SOLE	3	2,000	0	0
STILLWATER MNG	COM	86074Q102	149	1,500	SH		DFND	5,1,2	1,500	0	0
STILLWATER MNG	COM	86074Q102	125	3,250	SH		DFND	5,1,2	3,250	0	0
STILLWATER MNG	COM	86074Q102	1,807	175,000	SH		DFND	5,1,2	175,000	0	0
STORE CAP	COM	862121100	33	1,600	SH		SOLE	3	1,600	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	23,334	1,692,094	SH		OTR	3	1,692,094	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	123	8,900	SH		SOLE	3	8,900	0	0
STRYKER	COM	863667101	725	7,700	SH		SOLE	3	7,700	0	0
SUMMIT HOTEL	COM	866082100	33	2,800	SH		SOLE	3	2,800	0	0
SUN CMNTYS	COM	866674104	133,354	1,968,031	SH		OTR	3	1,968,031	0	0
SUN CMNTYS	COM	866674104	122	1,800	SH		SOLE	3	1,800	0	0
SUNPOWER	COM	867652406	152	7,600	SH		SOLE	3	7,600	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	96,905	7,324,612	SH		OTR	3	7,324,612	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	89	6,727	SH		SOLE	3	6,727	0	0
SUNSTONE HOTEL INVS INC NEW	CV 8% CUM PFD-D	867892507	1,319	51,775	SH		OTR	3	0	0	0
SUNTRUST BKS	COM	867914103	453	11,848	SH		SOLE	3	11,848	0	0
SYMANTEC	COM	871503108	306	15,700	SH		SOLE	3	15,700	0	0
SYNCHRONY	COM	87165B103	119	3,800	SH		SOLE	3	3,800	0	0
SYNOPSYS	COM	871607107	554	12,000	SH		SOLE	3	12,000	0	0
SYSCO	COM	871829107	86	2,200	SH		OTR	3	2,200	0	0
SYSCO	COM	871829107	526	13,500	SH		SOLE	3	13,500	0	0
T MOBILE US	COM	872590104	575	14,450	SH		SOLE	3	14,450	0	0
TABLEAU SOFTWARE	CL A	87336U105	80	1,000	SH		SOLE	3	1,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	830	40,000	SH		SOLE	3	40,000	0	0
TAKE-TWO INTERACTIVE	COM	874054109	213	7,400	SH		SOLE	3	7,400	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	122	3,700	SH		SOLE	3	3,700	0	0
TARGET	COM	87612E106	5,105	64,900	SH		OTR	3	64,900	0	0
TARGET	COM	87612E106	3,461	44,000	SH		SOLE	3	44,000	0	0
TAUBMAN CTRS	COM	876664103	131	1,900	SH		SOLE	3	1,900	0	0
TD AMERITRADE HLDG	COM	87236Y108	213	6,700	SH		SOLE	3	6,700	0	0
TE CONNECTIVITY LTD	SHS	H84989104	275	4,600	SH		OTR	3	4,600	0	0
TE CONNECTIVITY LTD	SHS	H84989104	5,210	87,000	SH		OTR	3	87,000	0	0
TE CONNECTIVITY LTD	SHS	H84989104	555	9,275	SH		SOLE	3	9,275	0	0
TELEDYNE TECHNOLOGIES	COM	879360105	3,772	41,770	SH		OTR	3	41,770	0	0
TELEFLEX INC	NOTE 3.875% 8/0	879369AA4	88,148	43,541,000	PRN		DFND	5,1,2	43,541,000	0	0
TELEFONICA BRASIL SA	ADR	87936R106	11	1,200	SH		SOLE	3	1,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	1,109	121,460	SH		SOLE	3	121,460	0	0
TENET HEALTHCARE	COM NEW	88033G407	2,983	80,800	SH		OTR	3	80,800	0	0
TERADATA CORP	COM	88076W103	101	3,500	SH		SOLE	3	3,500	0	0
TERRENO RLTY	COM	88146M101	27	1,400	SH		SOLE	3	1,400	0	0
TESLA MTRS	COM	88160R101	16,460	66,266	SH		DFND	4	66,266	0	0
TESLA MTRS	COM	88160R101	720	2,900	SH		SOLE	3	2,900	0	0
TESORO	COM	881609101	2,256	23,200	SH		SOLE	3	23,200	0	0
TEXAS INSTRS	COM	882508104	3,645	73,600	SH		SOLE	3	73,600	0	0
TEXTRON	COM	883203101	241	6,400	SH		SOLE	3	6,400	0	0
THE ADT	COM	00101J106	118	3,962	SH		SOLE	3	3,962	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	122	994	SH		OTR	3	994	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,113	9,100	SH		SOLE	3	9,100	0	0
TIFFANY & CO	COM	886547108	2,973	38,500	SH		OTR	3	38,500	0	0
TIFFANY & CO	COM	886547108	239	3,100	SH		SOLE	3	3,100	0	0
TIM PARTICIPACOES S A	ADR	88706P205	3	300	SH		SOLE	3	300	0	0
TIM PARTICIPACOES S A	ADR	88706P205	7	700	SH		SOLE	3	700	0	0
TIME WARNER	COM NEW	887317303	2,915	42,399	SH		SOLE	3	42,399	0	0
TIME WARNER CABLE	COM	88732J207	1,150	6,410	SH		SOLE	3	6,410	0	0
TIMKEN	COM	887389104	440	16,000	SH		SOLE	3	16,000	0	0
TJX COS INC	COM	872540109	3,871	54,200	SH		SOLE	3	54,200	0	0
TOLL BROTHERS	COM	889478103	144	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	436	7,725	SH		SOLE	3	7,725	0	0
TOTAL SYS SVCS	COM	891906109	657	14,451	SH		SOLE	3	14,451	0	0
TOWERS WATSON &	CL A	891894107	176	1,500	SH		SOLE	3	1,500	0	0
TRACTOR SUPPLY	COM	892356106	1,197	14,200	SH		SOLE	3	14,200	0	0
TRANSDIGM GROUP	COM	893641100	255	1,200	SH		SOLE	3	1,200	0	0
TRAVELERS COMPANIES	COM	89417E109	7,626	76,623	SH		SOLE	3	76,623	0	0
TRIBUNE MEDIA	CL A	896047503	3,062	86,000	SH		OTR	3	86,000	0	0
TRIMBLE NAVIGATION	COM	896239100	89	5,400	SH		SOLE	3	5,400	0	0
TRIPADVISOR	COM	896945201	729	11,582	SH		DFND	4	11,582	0	0
TRIPADVISOR	COM	896945201	170	2,700	SH		SOLE	3	2,700	0	0
TRULIA INC	NOTE 2.750%12/1	897888AB9	10,730	8,000,000	PRN		DFND	5,1,2	8,000,000	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	784	29,050	SH		SOLE	3	29,050	0	0
TWITTER	COM	90184L102	221	8,220	SH		DFND	1,2	8,220	0	0
TWITTER	COM	90184L102	7,658	284,272	SH		DFND	4	284,272	0	0
TWITTER	COM	90184L102	302	11,200	SH		SOLE	3	11,200	0	0
TYCO INTL	SHS	G91442106	322	9,625	SH		SOLE	3	9,625	0	0
TYSON FOODS	CL A	902494103	151	3,500	SH		OTR	3	3,500	0	0
TYSON FOODS	CL A	902494103	297	6,900	SH		SOLE	3	6,900	0	0
TYSON FOODS INC	UNIT 99/99/9999	902494301	7,813	150,000	SH		DFND	5,1,2	150,000	0	0
U M H PROPERTIES	COM	903002103	7	700	SH		SOLE	3	700	0	0
U M H PROPERTIES INC	CV RED PFD-A	903002202	527	20,512	SH		OTR	3	0	0	0
U S G	COM NEW	903293405	1,722	64,700	SH		OTR	3	64,700	0	0
UDR	COM	902653104	447,270	12,971,872	SH		OTR	3	12,971,872	0	0
UDR	COM	902653104	510	14,800	SH		SOLE	3	14,800	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	1,111	6,800	SH		SOLE	3	6,800	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	20	1,200	SH		SOLE	3	1,200	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	4,607	275,550	SH		SOLE	3	275,550	0	0
UNDER ARMOUR	CL A	904311107	1,316	13,600	SH		SOLE	3	13,600	0	0
UNION PAC	COM	907818108	2,966	33,550	SH		OTR	3	33,550	0	0
UNION PAC	COM	907818108	1,773	20,050	SH		SOLE	3	20,050	0	0
UNITED CONTL HLDGS	COM	910047109	3,720	70,131	SH		OTR	3	70,131	0	0
UNITED CONTL HLDGS	COM	910047109	106	2,000	SH		SOLE	3	2,000	0	0
UNITED RENTALS	COM	911363109	144	2,400	SH		SOLE	3	2,400	0	0
UNITED TECHNOLOGIES	COM	913017109	1,895	21,300	SH		SOLE	3	21,300	0	0
UNITED THERAPEUTICS CORP	COM	91307C102	118	900	SH		SOLE	3	900	0	0
UNITEDHEALTH GROUP	COM	91324P102	18,077	155,823	SH		OTR	3	155,823	0	0
UNITEDHEALTH GROUP	COM	91324P102	14,986	129,176	SH		SOLE	3	129,176	0	0
UNIVERSAL DISPLAY	COM	91347P105	132	3,900	SH		SOLE	3	3,900	0	0
UNUM	COM	91529Y106	192	6,000	SH		SOLE	3	6,000	0	0
URBAN EDGE	COM	91704F104	64	2,943	SH		SOLE	3	2,943	0	0
URBAN OUTFITTERS	COM	917047102	253	8,600	SH		OTR	3	8,600	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	17	900	SH		SOLE	3	900	0	0
URSTADT BIDDLE PPTYS INC	PFD-G CV 6.75%	917286809	1,601	62,425	SH		OTR	3	0	0	0
US BANCORP	COM NEW	902973304	1,661	40,500	SH		SOLE	3	40,500	0	0
UTI WORLDWIDE	ORD	G87210103	44	500	SH		DFND	5,1,2	500	0	0
UTI WORLDWIDE	ORD	G87210103	137	30,000	SH		DFND	5,1,2	30,000	0	0
V F	COM	918204108	4,146	60,784	SH		OTR	3	60,784	0	0
V F	COM	918204108	1,542	22,600	SH		SOLE	3	22,600	0	0
VALE S	ADR	91912E105	131	31,100	SH		SOLE	3	31,100	0	0
VALE S	ADR	91912E105	1,948	463,800	SH		SOLE	3	463,800	0	0
VALERO ENERGY CORP	COM	91913Y100	4,069	67,700	SH		OTR	3	67,700	0	0
VALERO ENERGY CORP	COM	91913Y100	697	11,592	SH		SOLE	3	11,592	0	0
VALIDUS HOLDINGS LTD	SHS	G9319H102	586	13,000	SH		SOLE	3	13,000	0	0
VANTIV	CL A	92210H105	148	3,300	SH		SOLE	3	3,300	0	0
VARIAN MED SYS	COM	92220P105	184	2,500	SH		SOLE	3	2,500	0	0
VECTOR GROUP	COM	92240M108	47	500	SH		DFND	5,1,2	500	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	18,790	12,500,000	PRN		DFND	5,1,2	12,500,000	0	0
VENTAS	COM	92276F100	63,972	1,141,132	SH		OTR	3	1,141,132	0	0
VENTAS	COM	92276F100	1,044	18,624	SH		SOLE	3	18,624	0	0
VEREIT	COM	92339V100	404	52,274	SH		SOLE	3	52,274	0	0
VERISIGN	COM	92343E102	339	4,800	SH		SOLE	3	4,800	0	0
VERISIGN INC	SDCV 3.250% 8/1	92343EAD4	52,230	25,000,000	PRN		DFND	5,1,2	25,000,000	0	0
VERISK ANALYTICS	COM	92345Y106	902	12,200	SH		SOLE	3	12,200	0	0
VERIZON COMMUNICATIONS	COM	92343V104	2,619	60,200	SH		OTR	3	60,200	0	0
VERIZON COMMUNICATIONS	COM	92343V104	4,035	92,748	SH		SOLE	3	92,748	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	583	5,600	SH		SOLE	3	5,600	0	0
VISA INC	CL A	92826C839	17,874	256,590	SH		OTR	3	256,590	0	0
VISA INC	CL A	92826C839	3,727	53,500	SH		SOLE	3	53,500	0	0
VISTEON	COM NEW	92839U206	759	7,500	SH		SOLE	3	7,500	0	0
VMWARE INC CL	COM	928563402	260	3,300	SH		SOLE	3	3,300	0	0
VOYA FINL	COM	929089100	213	5,500	SH		SOLE	3	5,500	0	0
VULCAN MATLS	COM	929160109	3,106	34,824	SH		OTR	3	34,824	0	0
VULCAN MATLS	COM	929160109	1,053	11,800	SH		SOLE	3	11,800	0	0
W P CAREY	COM	92936U109	202	3,500	SH		SOLE	3	3,500	0	0
WABCO HLDGS	COM	92927K102	7,617	72,660	SH		OTR	3	72,660	0	0
WABCO HLDGS	COM	92927K102	115	1,100	SH		SOLE	3	1,100	0	0
WABTEC	COM	929740108	203	2,300	SH		SOLE	3	2,300	0	0
WAL-MART STORES	COM	931142103	149	2,300	SH		OTR	3	2,300	0	0
WAL-MART STORES	COM	931142103	2,380	36,700	SH		SOLE	3	36,700	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	1,654	19,900	SH		SOLE	3	19,900	0	0
WALKER & DUNLOP	COM	93148P102	490	18,800	SH		SOLE	3	18,800	0	0
WASTE MGMT INC	COM	94106L109	523	10,500	SH		SOLE	3	10,500	0	0
WATERS	COM	941848103	236	2,000	SH		SOLE	3	2,000	0	0
WEATHERFORD INTL PLC	SHS	G48833100	157	18,500	SH		SOLE	3	18,500	0	0
WEC ENERGY GROUP	COM	92939U106	378	7,230	SH		SOLE	3	7,230	0	0
WELLS FARGO & CO	COM	949746101	10,923	212,726	SH		OTR	3	212,726	0	0
WELLS FARGO & CO	COM	949746101	14,800	288,209	SH		SOLE	3	288,209	0	0
WELLTOWER	COM	95040Q104	602,367	8,894,960	SH		OTR	3	8,894,960	0	0
WELLTOWER	COM	95040Q104	1,341	19,800	SH		SOLE	3	19,800	0	0
WESTERN DIGITAL	COM	958102105	4,213	53,030	SH		OTR	3	53,030	0	0
WESTERN DIGITAL	COM	958102105	421	5,300	SH		SOLE	3	5,300	0	0
WESTERN UN	COM	959802109	1,383	75,346	SH		SOLE	3	75,346	0	0
WESTLAKE CHEM	COM	960413102	62	1,200	SH		SOLE	3	1,200	0	0
WESTROCK	COM	96145D105	861	16,736	SH		SOLE	3	16,736	0	0
WEYERHAEUSER	COM	962166104	327	11,958	SH		SOLE	3	11,958	0	0
WHIRLPOOL	COM	963320106	265	1,800	SH		SOLE	3	1,800	0	0
WHITESTONE	COM	966084204	9	800	SH		SOLE	3	800	0	0
WHITEWAVE FOODS	COM	966244105	157	3,900	SH		SOLE	3	3,900	0	0
WHITING PETE CORP	COM	966387102	73	4,800	SH		SOLE	3	4,800	0	0
WHOLE FOODS MKT	COM	966837106	269	8,500	SH		SOLE	3	8,500	0	0
WILLIAMS COS INC	COM	969457100	601	16,300	SH		SOLE	3	16,300	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	152	3,700	SH		SOLE	3	3,700	0	0
WISDOMTREE INVTS	COM	97717P104	2,803	173,797	SH		OTR	3	173,797	0	0
WISDOMTREE INVTS	COM	97717P104	1,994	123,600	SH		SOLE	3	123,600	0	0
WOODWARD	COM	980745103	134	3,300	SH		SOLE	3	3,300	0	0
WORKDAY	CL A	98138H101	165	2,400	SH		SOLE	3	2,400	0	0
WP GLIMCHER	COM	92939N102	71	6,053	SH		SOLE	3	6,053	0	0
WYNDHAM WORLDWIDE	COM	98310W108	1,366	19,000	SH		SOLE	3	19,000	0	0
WYNN RESORTS	COM	983134107	282	5,300	SH		SOLE	3	5,300	0	0
XCEL ENERGY	COM	98389B100	400	11,300	SH		SOLE	3	11,300	0	0
XENIA HOTELS & RESORTS	COM	984017103	63	3,600	SH		SOLE	3	3,600	0	0
XEROX	COM	984121103	609	62,553	SH		SOLE	3	62,553	0	0
XILINX	COM	983919101	98	2,300	SH		OTR	3	2,300	0	0
XILINX	COM	983919101	250	5,900	SH		SOLE	3	5,900	0	0
XL GROUP	SHS	G98290102	243	6,700	SH		SOLE	3	6,700	0	0
XYLEM	COM	98419M100	125	3,800	SH		SOLE	3	3,800	0	0
YAHOO	COM	984332106	1,571	54,350	SH		DFND	4	54,350	0	0
YAHOO	COM	984332106	96	2,000	SH		DFND	5,1,2	2,000	0	0
YAHOO	COM	984332106	125	1,000	SH		DFND	5,1,2	1,000	0	0
YAHOO	COM	984332106	584	20,200	SH		SOLE	3	20,200	0	0
YAHOO INC	NOTE 12/0	984332AF3	17,008	17,500,000	PRN		DFND	5,1,2	17,500,000	0	0
YELP	CL A	985817105	2,576	118,932	SH		DFND	4	118,932	0	0
YUM BRANDS	COM	988498101	2,710	33,900	SH		SOLE	3	33,900	0	0
ZILLOW GROUP	CL A	98954M101	7,266	252,932	SH		DFND	4	252,932	0	0
ZILLOW GROUP	CL A	98954M101	97	750	SH		DFND	5,1,2	750	0	0
ZILLOW GROUP	CL A	98954M101	52	416	SH		DFND	5,1,2	416	0	0
ZILLOW GROUP	CL A	98954M101	107	500	SH		DFND	5,1,2	500	0	0
ZILLOW GROUP	CL A	98954M101	26	900	SH		SOLE	3	900	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	376	4,000	SH		SOLE	3	4,000	0	0
ZOETIS	CL A	98978V103	437	10,600	SH		SOLE	3	10,600	0	0