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
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
58 COM INC	SPON ADR REP A	31680Q104	59	900	SH		SOLE	3	900	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	78	2,341	SH		SOLE	3	2,341	0	0
ACTUANT CORP	CL A NEW	00508X203	546	22,800	SH		SOLE	3	22,800	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	9,428	115,428	SH		DFND	4	115,428	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	4,480	55,130	SH		OTR	3	55,130	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	935	11,500	SH		SOLE	3	11,500	0	0
ALPHABET INC	CAP STK CL C ADDED	02079K107	22,134	29,167	SH		OTR	3	29,167	0	0
ALPHABET INC	CAP STK CL C ADDED	02079K107	6,593	8,688	SH		SOLE	3	8,688	0	0
BAIDU INC	SPON ADR REP A	056752108	2,790	14,758	SH		OTR	3	14,758	0	0
BAIDU INC	SPON ADR REP A	056752108	605	3,200	SH		SOLE	3	3,200	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	202	41,980	SH		SOLE	3	41,980	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,732	1,815,299	SH		SOLE	3	1,815,299	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	56	2,100	SH		SOLE	3	2,100	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	311	15,500	SH		DFND	1,2	15,500	0	0
BERKSHIRE HATHAWAY INC	DEL CL B NEW	084670702	3,552	26,900	SH		SOLE	3	26,900	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	79	5,800	SH		SOLE	3	5,800	0	0
BRASKEM S A SP	ADR PFD A	105532105	379	28,000	SH		SOLE	3	28,000	0	0
BROWN FORMAN CORP	CL B	115637209	1,296	13,050	SH		SOLE	3	13,050	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	153	4,800	SH		SOLE	3	4,800	0	0
CAMDEN PPTY	TR SH BEN INT	133131102	384	5,000	SH		SOLE	3	5,000	0	0
CARNIVAL CORP	PAIRED CTF	143658300	539	9,900	SH		SOLE	3	9,900	0	0
CBS CORP NEW	CL B	124857202	644	13,671	SH		SOLE	3	13,671	0	0
CELANESE CORP	DEL COM SER A	150870103	242	3,600	SH		SOLE	3	3,600	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	184	5,037	SH		DFND	5,1,2	5,037	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	226	3,537	SH		DFND	5,1,2	3,537	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	1,058	190,000	SH		DFND	5,1,2	190,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	95	16,986	SH		SOLE	3	16,986	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	2,838	15,500	SH		OTR	3	15,500	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	348	1,900	SH		SOLE	3	1,900	0	0
CHESAPEAKE LODGING	TR SH BEN INT	165240102	50	2,000	SH		SOLE	3	2,000	0	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	21	300	SH		SOLE	3	300	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	21	13,900	SH		SOLE	3	13,900	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	384	256,000	SH		SOLE	3	256,000	0	0
COMPANHIA PARANAENSE ENERG	C SPON ADR PFD	20441B407	33	5,700	SH		SOLE	3	5,700	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	70	3,200	SH		SOLE	3	3,200	0	0
DISCOVERY COMMUNICATNS NEW COM	SER A	25470F104	292	10,940	SH		SOLE	3	10,940	0	0
DISCOVERY COMMUNICATNS NEW COM	SER C	25470F302	154	6,120	SH		SOLE	3	6,120	0	0
DISNEY WALT CO	COM DISNEY	254687106	420	4,000	SH		DFND	1,2	4,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,928	18,133	SH		DFND	4	18,133	0	0
DISNEY WALT CO	COM DISNEY	254687106	4,634	44,100	SH		OTR	3	44,100	0	0
DISNEY WALT CO	COM DISNEY	254687106	16,272	154,850	SH		SOLE	3	154,850	0	0
EATON VANCE CORP	COM NON VTG	278265103	81	2,500	SH		SOLE	3	2,500	0	0
ECOPETROL S A	SPONSORED ADS	279158109	32	4,600	SH		SOLE	3	4,600	0	0
EPR PPTYS COM	SH BEN INT	26884U109	117	2,000	SH		SOLE	3	2,000	0	0
EQUINIX INC	COM PAR $0.001	29444U700	466,704	1,543,334	SH		OTR	3	1,543,334	0	0
EQUINIX INC	COM PAR $0.001	29444U700	382	1,262	SH		SOLE	3	1,262	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	116	4,175	SH		SOLE	3	4,175	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	986,041	12,085,320	SH		OTR	3	12,085,320	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	3,027	37,100	SH		SOLE	3	37,100	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	259,653	1,777,230	SH		OTR	3	1,777,230	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	614	4,200	SH		SOLE	3	4,200	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	263	2,850	SH		SOLE	3	2,850	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	182	12,900	SH		OTR	3	12,900	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	1,185	84,123	SH		SOLE	3	84,123	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	486	71,800	SH		DFND	4	71,800	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	160	23,658	SH		SOLE	3	23,658	0	0
GERDAU S A SPON	ADR REP PFD	373737105	24	20,200	SH		SOLE	3	20,200	0	0
GERDAU S A SPON	ADR REP PFD	373737105	205	170,800	SH		SOLE	3	170,800	0	0
GLOBAL X FDS FTSE	GREECE 20	37950E366	40	5,000	SH		SOLE	3	5,000	0	0
GLOBAL X FDS GLBX	MSCI COLUM	37950E200	35	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	14	100	SH		SOLE	3	100	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	29	3,300	SH		SOLE	3	3,300	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	181,004	6,711,317	SH		OTR	3	6,711,317	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	115	4,250	SH		SOLE	3	4,250	0	0
HERSHA HOSPITALITY	TR PR SHS BEN INT	427825500	4,253	195,454	SH		OTR	3	195,454	0	0
HERSHA HOSPITALITY	TR PR SHS BEN INT	427825500	34	1,550	SH		SOLE	3	1,550	0	0
HOSPITALITY PPTYS	TR COM SH BEN INT	44106M102	133	5,100	SH		SOLE	3	5,100	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	29	4,200	SH		SOLE	3	4,200	0	0
ISHARES INC CORE	MSCI EMKT	46434G103	3,911	99,300	SH		SOLE	3	99,300	0	0
ISHARES MSCI	BRZ CAP ETF	464286400	165	8,000	SH		SOLE	3	8,000	0	0
ISHARES MSCI	CDA ETF	464286509	37	1,720	SH		SOLE	3	1,720	0	0
ISHARES MSCI	CH CAP ETF	464286640	80	2,500	SH		SOLE	3	2,500	0	0
ISHARES MSCI	JP ETF	464286665	49	1,280	SH		SOLE	3	1,280	0	0
ISHARES MSCI	GERMANY ETF	464286806	288	11,000	SH		SOLE	3	11,000	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	481	36,450	SH		DFND	4	36,450	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	5,600	69,500	SH		SOLE	3	69,500	0	0
ISHARES TR	MSCI UTD KNGDM	46434V548	161	10,000	SH		SOLE	3	10,000	0	0
ISHARES TR INTL	SEL DIV ETF	464288448	663	23,095	SH		SOLE	3	23,095	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	8,445	1,297,194	SH		SOLE	3	1,297,194	0	0
JAZZ PHARMACEUTICALS	PLC SHS USD	G50871105	197	1,400	SH		SOLE	3	1,400	0	0
KAISER ALUMINUM CORP COM	PAR $0.01	483007704	167	2,000	SH		SOLE	3	2,000	0	0
LASALLE HOTEL PPTYS COM	SH BEN INT	517942108	96	3,800	SH		SOLE	3	3,800	0	0
LIBERTY GLOBAL	PLC SHS CL C	G5480U120	592	14,509	SH		SOLE	3	14,509	0	0
LIBERTY INTERACTIVE CORP	QVC GP COM SER A	53071M104	777	28,450	SH		SOLE	3	28,450	0	0
LIBERTY MEDIA CORP DELAWARE COM	SER C	531229300	187	4,900	SH		SOLE	3	4,900	0	0
LIBERTY PPTY	TR SH BEN INT	531172104	286	9,200	SH		SOLE	3	9,200	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	130	1,500	SH		OTR	3	1,500	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,729	31,400	SH		SOLE	3	31,400	0	0
MARKET VECTORS	ETF TR RUSSIA ETF	57060U506	104	7,100	SH		SOLE	3	7,100	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	231	2,700	SH		SOLE	3	2,700	0	0
MOLSON COORS BREWING CO	CL B	60871R209	329	3,500	SH		SOLE	3	3,500	0	0
MYLAN N V	SHS EURO	N59465109	508	9,400	SH		SOLE	3	9,400	0	0
NATIONAL STORAGE AFFILIATES COM	SHS BEN IN	637870106	12	700	SH		SOLE	3	700	0	0
NIELSEN HLDGS	PLC SHS EUR	G6518L108	10,935	234,655	SH		OTR	3	234,655	0	0
NIELSEN HLDGS	PLC SHS EUR	G6518L108	382	8,200	SH		SOLE	3	8,200	0	0
NIKE INC	CL B	654106103	14,963	239,400	SH		SOLE	3	239,400	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	22,950	1,049,367	SH		OTR	3	1,049,367	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	50	2,300	SH		SOLE	3	2,300	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	136	40,000	SH		SOLE	3	40,000	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	2,862	841,700	SH		SOLE	3	841,700	0	0
POWERSHARES DB CMDTY IDX	TRA UNIT BEN INT	73935S105	100	7,500	SH		SOLE	3	7,500	0	0
POWERSHARES GLOBAL ETF TRUST	EMER MRKT PORT	73936T763	655	47,000	SH		SOLE	3	47,000	0	0
POWERSHS DB US DOLLAR INDEX DOLL	INDX BULL	73936D107	76	3,000	SH		DFND	1,2	3,000	0	0
QIHOO 360 TECHNOLOGY CO	LTD	74734M109	80	1,100	SH		SOLE	3	1,100	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	16,106	969,635	SH		OTR	3	969,635	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	43	2,600	SH		SOLE	3	2,600	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	40	2,000	SH		SOLE	3	2,000	0	0
SENIOR HSG	PPTYS TR SH BEN INT	81721M109	116	7,800	SH		SOLE	3	7,800	0	0
SILICONWARE PRECISION INDS	L SPONSD ADR SPL	827084864	504	65,000	SH		SOLE	3	65,000	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	61	3,200	SH		SOLE	3	3,200	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	435	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,449	7,040	SH		DFND	4	7,040	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	136	500	SH		DFND	5,1,2	500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,647	8,080	SH		SOLE	3	8,080	0	0
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	40	250	SH		DFND	5,1,2	250	0	0
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	68	500	SH	��	DFND	5,1,2	500	0	0
SPRINT CORP	COM SER 1	85207U105	66	18,179	SH		SOLE	3	18,179	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	286	10,500	SH		SOLE	3	10,500	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	164	1,700	SH		OTR	3	1,700	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,578	16,400	SH		SOLE	3	16,400	0	0
UNIVERSAL HEALTH RLTY INCM	T SH BEN INT	91359E105	20	400	SH		SOLE	3	400	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	263	2,200	SH		SOLE	3	2,200	0	0
VALE S A ADR	REPSTG PFD	91912E204	3,166	1,241,401	SH		SOLE	3	1,241,401	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	624	9,343	SH		SOLE	3	9,343	0	0
VIACOM INC	NEW CL B	92553P201	1,431	34,771	SH		SOLE	3	34,771	0	0
VORNADO RLTY TR	SH BEN INT	929042109	714,888	7,151,743	SH		OTR	3	7,151,743	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,016	10,169	SH		SOLE	3	10,169	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	62	2,300	SH		SOLE	3	2,300	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	152	4,400	SH		SOLE	3	4,400	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	16	1,200	SH		SOLE	3	1,200	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	234	10,000	SH		DFND	5,1,2	10,000	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	42	1,800	SH		SOLE	3	1,800	0	0
3-D SYS CORP	COM NEW	88554D205	1,780	204,465	SH		DFND	4	204,465	0	0
3M	COM	88579Y101	6,892	45,750	SH		SOLE	3	45,750	0	0
ABBOTT	COM	002824100	1,527	34,000	SH		SOLE	3	34,000	0	0
ABBVIE	COM	00287Y109	178	3,000	SH		OTR	3	3,000	0	0
ABBVIE	COM	00287Y109	2,221	37,495	SH		SOLE	3	37,495	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	314	3,000	SH		OTR	3	3,000	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	10,053	96,203	SH		OTR	3	96,203	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	6,589	63,050	SH		SOLE	3	63,050	0	0
ACE	SHS	H0023R105	199	1,700	SH		OTR	3	1,700	0	0
ACE	SHS	H0023R105	2,629	22,500	SH		OTR	3	22,500	0	0
ACE	SHS	H0023R105	865	7,400	SH		SOLE	3	7,400	0	0
ACTIVISION BLIZZARD	COM	00507V109	2,876	74,300	SH		SOLE	3	74,300	0	0
ACUITY BRANDS	COM	00508Y102	1,566	6,700	SH		SOLE	3	6,700	0	0
ADOBE SYS	COM	00724F101	1,071	11,400	SH		SOLE	3	11,400	0	0
ADVANCE AUTO PARTS	COM	00751Y106	3,930	26,110	SH		OTR	3	26,110	0	0
ADVANCE AUTO PARTS	COM	00751Y106	248	1,650	SH		SOLE	3	1,650	0	0
AERCAP HOLDINGS	SHS	N00985106	3,649	84,550	SH		OTR	3	84,550	0	0
AERCAP HOLDINGS	SHS	N00985106	82	1,900	SH		SOLE	3	1,900	0	0
AES	COM	00130H105	153	16,000	SH		SOLE	3	16,000	0	0
AETNA INC	COM	00817Y108	4,671	43,200	SH		OTR	3	43,200	0	0
AETNA INC	COM	00817Y108	2,873	26,573	SH		SOLE	3	26,573	0	0
AFFILIATED MANAGERS	COM	008252108	208	1,300	SH		SOLE	3	1,300	0	0
AFLAC	COM	001055102	2,378	39,700	SH		OTR	3	39,700	0	0
AFLAC	COM	001055102	581	9,700	SH		SOLE	3	9,700	0	0
AGCO	COM	001084102	82	1,800	SH		SOLE	3	1,800	0	0
AGILENT TECHNOLOGIES	COM	00846U101	322	7,690	SH		SOLE	3	7,690	0	0
AGREE REALTY	COM	008492100	20	600	SH		SOLE	3	600	0	0
AIR LEASE	CL A	00912X302	2,832	84,580	SH		OTR	3	84,580	0	0
AIR PRODS & CHEMS	COM	009158106	599	4,600	SH		SOLE	3	4,600	0	0
AIRGAS	COM	009363102	207	1,500	SH		SOLE	3	1,500	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	5,977	113,000	SH		DFND	4	113,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	221	4,200	SH		SOLE	3	4,200	0	0
ALAMO GROUP	COM	011311107	469	9,000	SH		SOLE	3	9,000	0	0
ALASKA AIR GROUP	COM	011659109	2,818	35,000	SH		SOLE	3	35,000	0	0
ALBANY MOLECULAR RESH INC	NOTE 2.250%11/1	012423AB5	5,373	4,000,000	PRN		DFND	5,1,2	4,000,000	0	0
ALBEMARLE	COM	012653101	134	2,400	SH		SOLE	3	2,400	0	0
ALCOA	COM	013817101	5	5,000	SH		DFND	5,1,2	5,000	0	0
ALCOA	COM	013817101	287	29,100	SH		SOLE	3	29,100	0	0
ALEXANDERS	COM	014752109	38	100	SH		SOLE	3	100	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	235	2,600	SH		SOLE	3	2,600	0	0
ALEXION PHARMACEUTICALS	COM	015351109	973	5,100	SH		SOLE	3	5,100	0	0
ALKERMES	SHS	G01767105	3,131	39,443	SH		OTR	3	39,443	0	0
ALKERMES	SHS	G01767105	270	3,400	SH		SOLE	3	3,400	0	0
ALLEGHANY CORP	COM	017175100	597	1,250	SH		SOLE	3	1,250	0	0
ALLEGIANT TRAVEL	COM	01748X102	436	2,600	SH		SOLE	3	2,600	0	0
ALLERGAN	SHS	G0177J108	16,903	54,091	SH		OTR	3	54,091	0	0
ALLERGAN	SHS	G0177J108	2,936	9,396	SH		SOLE	3	9,396	0	0
ALLERGAN PLC	PFD CONV SER A	G0177J116	2,563	2,500	SH		DFND	5,1,2	2,500	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	6,383	23,080	SH		OTR	3	23,080	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	387	1,400	SH		SOLE	3	1,400	0	0
ALLIANT ENERGY	COM	018802108	169	2,700	SH		OTR	3	2,700	0	0
ALLIANT ENERGY	COM	018802108	175	2,800	SH		SOLE	3	2,800	0	0
ALLSTATE	COM	020002101	894	14,400	SH		SOLE	3	14,400	0	0
ALLY FINL	COM	02005N100	185	9,900	SH		SOLE	3	9,900	0	0
ALNYLAM PHARMACEUTICALS	COM	02043Q107	151	1,600	SH		SOLE	3	1,600	0	0
ALPHABET INC CAP	CL A	02079K305	77	100	SH		DFND	1,2	100	0	0
ALPHABET INC CAP	CL A	02079K305	156	200	SH		OTR	3	200	0	0
ALPHABET INC CAP	CL A	02079K305	21,061	27,070	SH		SOLE	3	27,070	0	0
ALTRIA GROUP	COM	02209S103	3,760	64,600	SH		OTR	3	64,600	0	0
ALTRIA GROUP	COM	02209S103	16,468	282,900	SH		SOLE	3	282,900	0	0
AMAZON COM	COM	023135106	405	600	SH		DFND	1,2	600	0	0
AMAZON COM	COM	023135106	16,449	23,872	SH		DFND	4	23,872	0	0
AMAZON COM	COM	023135106	11,594	17,153	SH		OTR	3	17,153	0	0
AMAZON COM	COM	023135106	22,913	33,900	SH		SOLE	3	33,900	0	0
AMBARELLA	SHS	G037AX101	1,308	23,100	SH		DFND	4	23,100	0	0
AMBEV SA	ADR	02319V103	2,368	530,900	SH		SOLE	3	530,900	0	0
AMEREN	COM	023608102	246	5,700	SH		SOLE	3	5,700	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	217	15,400	SH		SOLE	3	15,400	0	0
AMERICAN AIRLS GROUP	COM	02376R102	5,172	122,120	SH		OTR	3	122,120	0	0
AMERICAN AIRLS GROUP	COM	02376R102	174	4,100	SH		SOLE	3	4,100	0	0
AMERICAN ASSETS TR	COM	024013104	50	1,300	SH		SOLE	3	1,300	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	156	3,768	SH		SOLE	3	3,768	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	1,257	72,500	SH		SOLE	3	72,500	0	0
AMERICAN ELEC PWR	COM	025537101	2,884	49,500	SH		OTR	3	49,500	0	0
AMERICAN ELEC PWR	COM	025537101	644	11,050	SH		SOLE	3	11,050	0	0
AMERICAN EXPRESS	COM	025816109	1,419	20,400	SH		SOLE	3	20,400	0	0
AMERICAN HOMES 4	CL A	02665T306	87	5,200	SH		SOLE	3	5,200	0	0
AMERICAN INTL GROUP	COM NEW	026874784	10,837	174,877	SH		OTR	3	174,877	0	0
AMERICAN INTL GROUP	COM NEW	026874784	1,815	29,292	SH		SOLE	3	29,292	0	0
AMERICAN RESIDENTIAL PPTYS	COM	02927E303	19	1,000	SH		SOLE	3	1,000	0	0
AMERICAN TOWER CORP	COM	03027X100	940	9,700	SH		SOLE	3	9,700	0	0
AMERICAN WTR WKS CO INC	COM	030420103	251	4,200	SH		SOLE	3	4,200	0	0
AMERIPRISE FINL	COM	03076C106	213	2,000	SH		OTR	3	2,000	0	0
AMERIPRISE FINL	COM	03076C106	2,039	19,160	SH		SOLE	3	19,160	0	0
AMERISOURCEBERGEN	COM	03073E105	2,105	20,300	SH		SOLE	3	20,300	0	0
AMETEK INC	COM	031100100	305	5,700	SH		SOLE	3	5,700	0	0
AMGEN	COM	031162100	4,286	26,400	SH		SOLE	3	26,400	0	0
AMPHENOL CORP	CL A	032095101	371	7,100	SH		SOLE	3	7,100	0	0
ANADARKO PETE	COM	032511107	13,621	280,380	SH		OTR	3	280,380	0	0
ANADARKO PETE	COM	032511107	564	11,600	SH		SOLE	3	11,600	0	0
ANALOG DEVICES	COM	032654105	199	3,600	SH		OTR	3	3,600	0	0
ANALOG DEVICES	COM	032654105	1,162	21,000	SH		SOLE	3	21,000	0	0
ANNALY CAP MGMT	COM	035710409	200	21,300	SH		SOLE	3	21,300	0	0
ANSYS	COM	03662Q105	176	1,900	SH		SOLE	3	1,900	0	0
ANTHEM	COM	036752103	4,741	34,000	SH		OTR	3	34,000	0	0
ANTHEM	COM	036752103	2,391	17,150	SH		SOLE	3	17,150	0	0
AON PLC	CL A	G0408V102	5,072	55,000	SH		OTR	3	55,000	0	0
AON PLC	CL A	G0408V102	590	6,400	SH		SOLE	3	6,400	0	0
APACHE	COM	037411105	1,152	25,910	SH		SOLE	3	25,910	0	0
APARTMENT INVT & MGMT	CL A	03748R101	347,751	8,687,267	SH		OTR	3	8,687,267	0	0
APARTMENT INVT & MGMT	CL A	03748R101	232	5,792	SH		SOLE	3	5,792	0	0
APARTMENT INVT & MGMT CO	PFD CL A 6.875%	03748R762	1,751	68,300	SH		OTR	3	0	0	0
APPLE	COM	037833100	242	2,300	SH		DFND	1,2	2,300	0	0
APPLE	COM	037833100	14,105	131,436	SH		DFND	4	131,436	0	0
APPLE	COM	037833100	8,747	83,100	SH		OTR	3	83,100	0	0
APPLE	COM	037833100	34,094	323,900	SH		SOLE	3	323,900	0	0
APPLE HOSPITALITY REIT	COM NEW	03784Y200	104	5,200	SH		SOLE	3	5,200	0	0
APPLIED MATLS	COM	038222105	4,742	254,000	SH		OTR	3	254,000	0	0
APPLIED MATLS	COM	038222105	721	38,600	SH		SOLE	3	38,600	0	0
ARAMARK HLDGS CORP	COM	03852U106	155	4,800	SH		SOLE	3	4,800	0	0
ARCH CAP GROUP	ORD	G0450A105	928	13,300	SH		SOLE	3	13,300	0	0
ARCHER DANIELS MIDLAND	COM	039483102	528	14,400	SH		SOLE	3	14,400	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	9	900	SH		SOLE	3	900	0	0
ARROW ELECTRS	COM	042735100	114	2,100	SH		SOLE	3	2,100	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	13	873	SH		SOLE	3	873	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	16	2,600	SH		SOLE	3	2,600	0	0
ASHLAND INC	COM	044209104	1,397	13,600	SH		SOLE	3	13,600	0	0
ASPEN INSURANCE HOLDINGS	SHS	G05384105	531	11,000	SH		SOLE	3	11,000	0	0
ASSURANT	COM	04621X108	89	1,100	SH		OTR	3	1,100	0	0
ASSURANT	COM	04621X108	524	6,500	SH		SOLE	3	6,500	0	0
AT&T	COM	00206R102	184	1,000	SH		DFND	5,1,2	1,000	0	0
AT&T	COM	00206R102	2,339	68,000	SH		DFND	5,1,2	68,000	0	0
AT&T	COM	00206R102	306	8,900	SH		OTR	3	8,900	0	0
AT&T	COM	00206R102	4,790	139,211	SH		SOLE	3	139,211	0	0
AUTODESK	COM	052769106	317	5,200	SH		SOLE	3	5,200	0	0
AUTOLIV	COM	052800109	736	5,900	SH		SOLE	3	5,900	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	1,288	15,200	SH		SOLE	3	15,200	0	0
AUTONATION	COM	05329W102	1,247	20,900	SH		SOLE	3	20,900	0	0
AUTOZONE	COM	053332102	2,767	3,730	SH		SOLE	3	3,730	0	0
AV HOMES	COM	00234P102	7	510	SH		DFND	5,1,2	510	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	290	2,000	SH		OTR	3	2,000	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	3,222	22,200	SH		SOLE	3	22,200	0	0
AVALONBAY CMNTYS	COM	053484101	2,591	14,069	SH		SOLE	3	14,069	0	0
AVERY DENNISON	COM	053611109	658	10,500	SH		SOLE	3	10,500	0	0
AVNET	COM	053807103	120	2,800	SH		SOLE	3	2,800	0	0
AXALTA COATING SYS	COM	G0750C108	83	3,100	SH		SOLE	3	3,100	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	135	2,400	SH		SOLE	3	2,400	0	0
B/E AEROSPACE	COM	073302101	97	2,300	SH		SOLE	3	2,300	0	0
BAKER HUGHES	COM	057224107	457	9,904	SH		SOLE	3	9,904	0	0
BALL	COM	058498106	218	3,000	SH		SOLE	3	3,000	0	0
BANCO DE CHILE	ADR	059520106	87	1,457	SH		SOLE	3	1,457	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	880	49,900	SH		SOLE	3	49,900	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	28	1,600	SH		SOLE	3	1,600	0	0
BANK AMER	COM	060505104	170	10,000	SH		DFND	4	10,000	0	0
BANK AMER	COM	060505104	22,013	1,307,975	SH		OTR	3	1,307,975	0	0
BANK AMER	COM	060505104	4,427	263,014	SH		SOLE	3	263,014	0	0
BANK NEW YORK MELLON	COM	064058100	2,344	56,871	SH		SOLE	3	56,871	0	0
BARD C R	COM	067383109	1,137	6,000	SH		SOLE	3	6,000	0	0
BAXALTA	COM	07177M103	484	12,400	SH		SOLE	3	12,400	0	0
BAXTER INTL	COM	071813109	473	12,400	SH		SOLE	3	12,400	0	0
BB&T	COM	054937107	681	18,000	SH		SOLE	3	18,000	0	0
BEAZER HOMES USA	COM NEW	07556Q881	36	200	SH		DFND	5,1,2	200	0	0
BECTON DICKINSON &	COM	075887109	12,038	78,120	SH		OTR	3	78,120	0	0
BECTON DICKINSON &	COM	075887109	2,297	14,910	SH		SOLE	3	14,910	0	0
BED BATH & BEYOND	COM	075896100	1,255	26,000	SH		SOLE	3	26,000	0	0
BERKLEY W R	COM	084423102	126	2,300	SH		SOLE	3	2,300	0	0
BEST BUY	COM	086516101	213	7,000	SH		SOLE	3	7,000	0	0
BIG LOTS	COM	089302103	389	10,100	SH		SOLE	3	10,100	0	0
BIOGEN	COM	09062X103	1,648	5,380	SH		SOLE	3	5,380	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	377	3,600	SH		SOLE	3	3,600	0	0
BIOMED REALTY TRUST	COM	09063H107	159	6,700	SH		SOLE	3	6,700	0	0
BLACKROCK	COM	09247X101	14,889	43,724	SH		OTR	3	43,724	0	0
BLACKROCK	COM	09247X101	1,226	3,600	SH		SOLE	3	3,600	0	0
BLOCK H & R	COM	093671105	696	20,900	SH		SOLE	3	20,900	0	0
BLUEROCK RESIDENTIAL GRW REI	CL A	09627J102	7	600	SH		SOLE	3	600	0	0
BOB EVANS FARMS	COM	096761101	389	10,000	SH		SOLE	3	10,000	0	0
BOEING	COM	097023105	4,164	28,800	SH		OTR	3	28,800	0	0
BOEING	COM	097023105	9,377	64,850	SH		SOLE	3	64,850	0	0
BORGWARNER	COM	099724106	220	5,100	SH		SOLE	3	5,100	0	0
BOSTON PROPERTIES	COM	101121101	1,148	9,000	SH		SOLE	3	9,000	0	0
BOSTON SCIENTIFIC	COM	101137107	1,843	99,947	SH		SOLE	3	99,947	0	0
BRF SA	ADR	10552T107	205	14,800	SH		SOLE	3	14,800	0	0
BRF SA	ADR	10552T107	5,664	409,859	SH		SOLE	3	409,859	0	0
BRIGHT HORIZONS FAM SOL IN	COM	109194100	1,002	15,000	SH		SOLE	3	15,000	0	0
BRINKER INTL	COM	109641100	451	9,400	SH		SOLE	3	9,400	0	0
BRISTOL MYERS SQUIBB	COM	110122108	21,206	308,270	SH		OTR	3	308,270	0	0
BRISTOL MYERS SQUIBB	COM	110122108	10,181	148,000	SH		SOLE	3	148,000	0	0
BRIXMOR PPTY GROUP	COM	11120U105	141,693	5,487,708	SH		OTR	3	5,487,708	0	0
BRIXMOR PPTY GROUP	COM	11120U105	243	9,400	SH		SOLE	3	9,400	0	0
BROADCOM	CL A	111320107	720	12,450	SH		SOLE	3	12,450	0	0
BUNGE	COM	G16962105	232	3,400	SH		SOLE	3	3,400	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	211	3,400	SH		SOLE	3	3,400	0	0
CA	COM	12673P105	220	7,705	SH		SOLE	3	7,705	0	0
CABOT OIL & GAS	COM	127097103	170	9,600	SH		SOLE	3	9,600	0	0
CALPINE	COM NEW	131347304	381	26,300	SH		SOLE	3	26,300	0	0
CAMERON INTERNATIONAL	COM	13342B105	272	4,300	SH		SOLE	3	4,300	0	0
CAMPBELL SOUP	COM	134429109	231	4,400	SH		SOLE	3	4,400	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	14	2,100	SH		SOLE	3	2,100	0	0
CAPITAL ONE FINL	COM	14040H105	3,270	45,300	SH		OTR	3	45,300	0	0
CAPITAL ONE FINL	COM	14040H105	899	12,454	SH		SOLE	3	12,454	0	0
CARDINAL HEALTH	COM	14149Y108	170	1,900	SH		OTR	3	1,900	0	0
CARDINAL HEALTH	COM	14149Y108	670	7,500	SH		SOLE	3	7,500	0	0
CARE CAP PPTYS	COM	141624106	83	2,705	SH		SOLE	3	2,705	0	0
CARETRUST REIT	COM	14174T107	16	1,506	SH		SOLE	3	1,506	0	0
CARMAX	COM	143130102	3,238	60,000	SH		OTR	3	60,000	0	0
CARMAX	COM	143130102	264	4,900	SH		SOLE	3	4,900	0	0
CATERPILLAR INC	COM	149123101	4,553	67,000	SH		OTR	3	67,000	0	0
CATERPILLAR INC	COM	149123101	883	13,000	SH		SOLE	3	13,000	0	0
CBL & ASSOC PPTYS	COM	124830100	62	5,045	SH		SOLE	3	5,045	0	0
CBRE GROUP	CL A	12504L109	10,678	308,800	SH		OTR	3	308,800	0	0
CBRE GROUP	CL A	12504L109	235	6,800	SH		SOLE	3	6,800	0	0
CDK GLOBAL	COM	12508E101	138	2,900	SH		SOLE	3	2,900	0	0
CDN IMPERIAL BK COMM	COM	136069101	19	230	SH		DFND	5,1,2	230	0	0
CDW	COM	12514G108	130	3,100	SH		SOLE	3	3,100	0	0
CEDAR REALTY TRUST	COM NEW	150602209	17	2,400	SH		SOLE	3	2,400	0	0
CELGENE	COM	151020104	7,928	66,200	SH		SOLE	3	66,200	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	47	7,600	SH		SOLE	3	7,600	0	0
CENTENE CORP	COM	15135B101	158	2,400	SH		SOLE	3	2,400	0	0
CENTERPOINT ENERGY	COM	15189T107	184	10,000	SH		SOLE	3	10,000	0	0
CENTURYLINK	COM	156700106	326	12,942	SH		SOLE	3	12,942	0	0
CERNER	COM	156782104	1,209	20,100	SH		SOLE	3	20,100	0	0
CEVA	COM	157210105	374	16,000	SH		SOLE	3	16,000	0	0
CF INDS HLDGS	COM	125269100	61	1,500	SH		OTR	3	1,500	0	0
CF INDS HLDGS	COM	125269100	1,245	30,500	SH		SOLE	3	30,500	0	0
CHATHAM LODGING	COM	16208T102	27	1,300	SH		SOLE	3	1,300	0	0
CHECK POINT SOFTWARE TECH	ORD	M22465104	114	1,400	SH		SOLE	3	1,400	0	0
CHEESECAKE FACTORY	COM	163072101	65	1,400	SH		SOLE	3	1,400	0	0
CHENIERE ENERGY	COM NEW	16411R208	194	5,200	SH		SOLE	3	5,200	0	0
CHESAPEAKE ENERGY	COM	165167107	420	93,400	SH		OTR	3	93,400	0	0
CHESAPEAKE ENERGY	COM	165167107	59	13,100	SH		SOLE	3	13,100	0	0
CHEVRON CORP	COM	166764100	108	1,200	SH		OTR	3	1,200	0	0
CHEVRON CORP	COM	166764100	6,578	73,118	SH		SOLE	3	73,118	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	2,668	67,300	SH		DFND	4	67,300	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	90	2,300	SH		SOLE	3	2,300	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	6,321	13,172	SH		OTR	3	13,172	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	1,046	2,180	SH		SOLE	3	2,180	0	0
CHUBB	COM	171232101	696	5,250	SH		SOLE	3	5,250	0	0
CHURCH & DWIGHT	COM	171340102	883	10,400	SH		SOLE	3	10,400	0	0
CIGNA	COM	125509109	4,873	33,300	SH		OTR	3	33,300	0	0
CIGNA	COM	125509109	1,580	10,800	SH		SOLE	3	10,800	0	0
CIMAREX ENERGY	COM	171798101	179	2,000	SH		SOLE	3	2,000	0	0
CINCINNATI FINL	COM	172062101	1,652	27,915	SH		SOLE	3	27,915	0	0
CINTAS	COM	172908105	1,038	11,400	SH		SOLE	3	11,400	0	0
CISCO SYS	COM	17275R102	19,463	716,730	SH		OTR	3	716,730	0	0
CISCO SYS	COM	17275R102	9,358	344,600	SH		SOLE	3	344,600	0	0
CIT GROUP	COM NEW	125581801	290	7,300	SH		SOLE	3	7,300	0	0
CITIGROUP	COM NEW	172967424	4,621	89,300	SH		OTR	3	89,300	0	0
CITIGROUP	COM NEW	172967424	3,535	68,303	SH		SOLE	3	68,303	0	0
CITIZENS FINL GROUP	COM	174610105	5,893	225,008	SH		OTR	3	225,008	0	0
CITIZENS FINL GROUP	COM	174610105	309	11,800	SH		SOLE	3	11,800	0	0
CITRIX SYS	COM	177376100	333	4,400	SH		SOLE	3	4,400	0	0
CITY OFFICE REIT	COM	178587101	5	400	SH		SOLE	3	400	0	0
CLEAN ENERGY FUELS	COM	184499101	330	750	SH		DFND	5,1,2	750	0	0
CLEAN ENERGY FUELS	COM	184499101	84	500	SH		DFND	5,1,2	500	0	0
CLEAN ENERGY FUELS	COM	184499101	190	52,900	SH		DFND	5,1,2	52,900	0	0
CLEARWATER PAPER	COM	18538R103	396	8,700	SH		SOLE	3	8,700	0	0
CLOROX CO	COM	189054109	1,547	12,200	SH		SOLE	3	12,200	0	0
CME GROUP	COM	12572Q105	670	7,400	SH		SOLE	3	7,400	0	0
CMS ENERGY	COM	125896100	133	3,700	SH		OTR	3	3,700	0	0
CMS ENERGY	COM	125896100	444	12,300	SH		SOLE	3	12,300	0	0
CNO FINL GROUP	COM	12621E103	575	30,100	SH		SOLE	3	30,100	0	0
COACH	COM	189754104	812	24,881	SH		DFND	4	24,881	0	0
COACH	COM	189754104	340	10,400	SH		SOLE	3	10,400	0	0
COCA COLA	COM	191216100	4,038	94,000	SH		SOLE	3	94,000	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	256	5,200	SH		SOLE	3	5,200	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	1,128	18,800	SH		SOLE	3	18,800	0	0
COLGATE PALMOLIVE	COM	194162103	1,309	19,650	SH		SOLE	3	19,650	0	0
COLUMBIA PIPELINE GROUP	COM	198280109	174	8,700	SH		SOLE	3	8,700	0	0
COLUMBIA PPTY TR	COM NEW	198287203	96	4,100	SH		SOLE	3	4,100	0	0
COMCAST CORP	CL A	20030N101	4,514	80,000	SH		OTR	3	80,000	0	0
COMCAST CORP	CL A	20030N101	3,198	56,670	SH		SOLE	3	56,670	0	0
COMERICA	COM	200340107	180	4,300	SH		SOLE	3	4,300	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	6	600	SH		SOLE	3	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	268	25,500	SH		SOLE	3	25,500	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	966	210,000	SH		SOLE	3	210,000	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	28	1,300	SH		SOLE	3	1,300	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	33	7,700	SH		SOLE	3	7,700	0	0
CONAGRA FOODS	COM	205887102	401	9,500	SH		SOLE	3	9,500	0	0
CONCHO RES	COM	20605P101	279	3,000	SH		SOLE	3	3,000	0	0
CONOCOPHILLIPS	COM	20825C104	2,622	56,150	SH		SOLE	3	56,150	0	0
CONSOLIDATED EDISON	COM	209115104	431	6,700	SH		SOLE	3	6,700	0	0
CONSTELLATION BRANDS	CL A	21036P108	40	100	SH		DFND	5,1,2	100	0	0
CONSTELLATION BRANDS	CL A	21036P108	423	2,975	SH		DFND	5,1,2	2,975	0	0
CONSTELLATION BRANDS	CL A	21036P108	3,005	21,100	SH		SOLE	3	21,100	0	0
CONTINENTAL RESOURCES	COM	212015101	48	2,100	SH		SOLE	3	2,100	0	0
COOPER COS	COM NEW	216648402	134	1,000	SH		SOLE	3	1,000	0	0
CORE LABORATORIES N	COM	N22717107	109	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	57	1,000	SH		SOLE	3	1,000	0	0
CORNING	COM	219350105	1,724	94,300	SH		SOLE	3	94,300	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	104	3,935	SH		SOLE	3	3,935	0	0
COSTCO WHSL CORP	COM	22160K105	65	400	SH		OTR	3	400	0	0
COSTCO WHSL CORP	COM	22160K105	5,911	36,600	SH		SOLE	3	36,600	0	0
COUSINS PPTYS	COM	222795106	63	6,663	SH		SOLE	3	6,663	0	0
COVANTA HLDG	COM	22282E102	110	7,100	SH		SOLE	3	7,100	0	0
CPFL ENERGIA S A	ADR	126153105	53	7,177	SH		SOLE	3	7,177	0	0
CREDICORP	COM	G2519Y108	146	1,500	SH		SOLE	3	1,500	0	0
CREE	COM	225447101	152	5,700	SH		SOLE	3	5,700	0	0
CROCS	COM	227046109	231	22,600	SH		SOLE	3	22,600	0	0
CROWN CASTLE INTL CORP	COM	22822V101	661	7,650	SH		SOLE	3	7,650	0	0
CROWN HOLDINGS	COM	228368106	172	3,400	SH		SOLE	3	3,400	0	0
CSX	COM	126408103	571	22,000	SH		SOLE	3	22,000	0	0
CTRIP COM INTL LTD AMERICAN	SHS	22943F100	287	6,200	SH		SOLE	3	6,200	0	0
CUBESMART	COM	229663109	246,902	8,063,417	SH		OTR	3	8,063,417	0	0
CUBESMART	COM	229663109	175	5,700	SH		SOLE	3	5,700	0	0
CUMMINS	COM	231021106	4,489	51,000	SH		OTR	3	51,000	0	0
CUMMINS	COM	231021106	352	4,000	SH		SOLE	3	4,000	0	0
CVS HEALTH	COM	126650100	4,045	41,375	SH		OTR	3	41,375	0	0
CVS HEALTH	COM	126650100	6,924	70,824	SH		SOLE	3	70,824	0	0
CYRUSONE	COM	23283R100	16,744	447,111	SH		OTR	3	447,111	0	0
CYRUSONE	COM	23283R100	82	2,200	SH		SOLE	3	2,200	0	0
D R HORTON	COM	23331A109	569	17,766	SH		SOLE	3	17,766	0	0
DANAHER CORP	COM	235851102	1,876	20,200	SH		SOLE	3	20,200	0	0
DARDEN RESTAURANTS	COM	237194105	496	7,800	SH		SOLE	3	7,800	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	265	3,800	SH		SOLE	3	3,800	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	135,623	3,629,188	SH		OTR	3	3,629,188	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	108	2,900	SH		SOLE	3	2,900	0	0
DDR	COM	23317H102	404,794	24,037,676	SH		OTR	3	24,037,676	0	0
DDR	COM	23317H102	193	11,458	SH		SOLE	3	11,458	0	0
DEERE &	COM	244199105	740	9,700	SH		SOLE	3	9,700	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	7,460	87,014	SH		OTR	3	87,014	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	1,835	21,400	SH		SOLE	3	21,400	0	0
DELTA AIR LINES INC	COM NEW	247361702	243	4,800	SH		SOLE	3	4,800	0	0
DENTSPLY INTL INC	COM	249030107	183	3,000	SH		SOLE	3	3,000	0	0
DEVON ENERGY CORP	COM	25179M103	285	8,900	SH		SOLE	3	8,900	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	125,339	12,988,547	SH		OTR	3	12,988,547	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	63	6,542	SH		SOLE	3	6,542	0	0
DICKS SPORTING GOODS	COM	253393102	71	2,000	SH		SOLE	3	2,000	0	0
DIGITAL RLTY TR	COM	253868103	270,548	3,577,733	SH		OTR	3	3,577,733	0	0
DIGITAL RLTY TR	COM	253868103	620	8,200	SH		SOLE	3	8,200	0	0
DIGITAL RLTY TR INC	6.35% PFD CUM CV	253868863	1,541	60,000	SH		OTR	3	0	0	0
DILLARDS	CL A	254067101	191	2,900	SH		SOLE	3	2,900	0	0
DISCOVER FINL	COM	254709108	225	4,200	SH		OTR	3	4,200	0	0
DISCOVER FINL	COM	254709108	536	10,000	SH		SOLE	3	10,000	0	0
DISH NETWORK	CL A	25470M109	286	5,000	SH		SOLE	3	5,000	0	0
DOLLAR GEN CORP	COM	256677105	1,409	19,600	SH		SOLE	3	19,600	0	0
DOLLAR TREE	COM	256746108	399	5,170	SH		SOLE	3	5,170	0	0
DOMINION RES INC VA	COM	25746U109	920	13,600	SH		SOLE	3	13,600	0	0
DOUGLAS EMMETT	COM	25960P109	147,886	4,742,980	SH		OTR	3	4,742,980	0	0
DOUGLAS EMMETT	COM	25960P109	165	5,300	SH		SOLE	3	5,300	0	0
DOVER	COM	260003108	227	3,700	SH		SOLE	3	3,700	0	0
DOW CHEM	COM	260543103	3,979	77,300	SH		OTR	3	77,300	0	0
DOW CHEM	COM	260543103	1,313	25,500	SH		SOLE	3	25,500	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	2,481	26,624	SH		SOLE	3	26,624	0	0
DTE ENERGY	COM	233331107	321	4,000	SH		SOLE	3	4,000	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,532	23,000	SH		SOLE	3	23,000	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,211	16,966	SH		SOLE	3	16,966	0	0
DUKE REALTY	COM NEW	264411505	418	19,900	SH		SOLE	3	19,900	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	753	7,250	SH		SOLE	3	7,250	0	0
DUNKIN BRANDS GROUP	COM	265504100	3,181	74,694	SH		OTR	3	74,694	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	70	2,200	SH		SOLE	3	2,200	0	0
E M C CORP	COM	268648102	1,122	43,700	SH		SOLE	3	43,700	0	0
E TRADE FINANCIAL	COM NEW	269246401	368	12,400	SH		SOLE	3	12,400	0	0
EAST WEST BANCORP	COM	27579R104	96	2,300	SH		OTR	3	2,300	0	0
EASTERLY GOVT PPTYS	COM	27616P103	7	400	SH		SOLE	3	400	0	0
EASTGROUP PPTY	COM	277276101	56	1,000	SH		SOLE	3	1,000	0	0
EASTMAN CHEM	COM	277432100	398	5,900	SH		SOLE	3	5,900	0	0
EATON CORP	SHS	G29183103	731	14,048	SH		SOLE	3	14,048	0	0
EBAY	COM	278642103	697	25,350	SH		SOLE	3	25,350	0	0
ECOLAB	COM	278865100	709	6,200	SH		SOLE	3	6,200	0	0
EDGEWELL PERS CARE	COM	28035Q102	110	1,400	SH		SOLE	3	1,400	0	0
EDISON	COM	281020107	444	7,500	SH		SOLE	3	7,500	0	0
EDUCATION RLTY TR	COM NEW	28140H203	152,156	4,016,784	SH		OTR	3	4,016,784	0	0
EDUCATION RLTY TR	COM NEW	28140H203	69	1,833	SH		SOLE	3	1,833	0	0
EDWARDS LIFESCIENCES	COM	28176E108	1,682	21,300	SH		SOLE	3	21,300	0	0
ELECTRONIC ARTS	COM	285512109	2,302	33,500	SH		SOLE	3	33,500	0	0
ELECTRONIC ARTS INC	NOTE 0.750% 7/1	285512AA7	34,718	16,060,000	PRN		DFND	5,1,2	16,060,000	0	0
EMBRAER S A SP ADR REP	COM	29082A107	24	800	SH		SOLE	3	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	4,700	159,100	SH		SOLE	3	159,100	0	0
EMERSON ELEC	COM	291011104	713	14,900	SH		SOLE	3	14,900	0	0
EMPIRE ST RLTY TR	CL A	292104106	70	3,900	SH		SOLE	3	3,900	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	82	2,200	SH		SOLE	3	2,200	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	104	2,800	SH		SOLE	3	2,800	0	0
ENDO INTL	SHS	G30401106	300	4,900	SH		SOLE	3	4,900	0	0
ENERGEN	COM	29265N108	74	1,800	SH		SOLE	3	1,800	0	0
ENERSIS S A	ADR	29274F104	101	8,300	SH		SOLE	3	8,300	0	0
ENERSIS S A	ADR	29274F104	41	3,400	SH		SOLE	3	3,400	0	0
ENSCO PLC	CLASS A	G3157S106	82	5,300	SH		SOLE	3	5,300	0	0
ENTERGY CORP	COM	29364G103	273	4,000	SH		SOLE	3	4,000	0	0
ENVESTNET	COM	29404K106	1,472	49,320	SH		OTR	3	49,320	0	0
ENVISION HEALTHCARE HLDGS	COM	29413U103	109	4,200	SH		SOLE	3	4,200	0	0
EOG RES	COM	26875P101	7,286	102,920	SH		OTR	3	102,920	0	0
EOG RES	COM	26875P101	871	12,300	SH		SOLE	3	12,300	0	0
EPR PPTYS CONV	PFD 9% SR E	26884U307	1,672	53,545	SH		OTR	3	0	0	0
EQT	COM	26884L109	182	3,500	SH		SOLE	3	3,500	0	0
EQUIFAX	COM	294429105	3,432	30,820	SH		OTR	3	30,820	0	0
EQUIFAX	COM	294429105	2,138	19,200	SH		SOLE	3	19,200	0	0
EQUITY	COM	294752100	68	2,500	SH		SOLE	3	2,500	0	0
EQUITY COMWLTH	CUM PFD S D 6.5%	294628201	1,195	48,076	SH		OTR	3	0	0	0
EQUITY COMWLTH	CUM PFD E 7.25%	294628409	2,410	94,150	SH		OTR	3	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	23,227	348,394	SH		OTR	3	348,394	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	173	2,600	SH		SOLE	3	2,600	0	0
ESSEX PPTY TR	COM	297178105	347,213	1,450,285	SH		OTR	3	1,450,285	0	0
ESSEX PPTY TR	COM	297178105	926	3,867	SH		SOLE	3	3,867	0	0
EVEREST RE GROUP	COM	G3223R108	1,703	9,300	SH		SOLE	3	9,300	0	0
EVERSOURCE	COM	30040W108	367	7,180	SH		SOLE	3	7,180	0	0
EXELON	COM	30161N101	553	19,926	SH		SOLE	3	19,926	0	0
EXPEDIA INC	COM NEW	30212P303	112	900	SH		OTR	3	900	0	0
EXPEDIA INC	COM NEW	30212P303	13,384	107,675	SH		SOLE	3	107,675	0	0
EXPEDITORS INTL WASH	COM	302130109	194	4,300	SH		SOLE	3	4,300	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	5,860	67,045	SH		SOLE	3	67,045	0	0
EXTRA SPACE STORAGE	COM	30225T102	421,465	4,777,971	SH		OTR	3	4,777,971	0	0
EXTRA SPACE STORAGE	COM	30225T102	1,217	13,800	SH		SOLE	3	13,800	0	0
EXXON MOBIL	COM	30231G102	5,366	68,834	SH		OTR	3	68,834	0	0
EXXON MOBIL	COM	30231G102	7,630	97,881	SH		SOLE	3	97,881	0	0
F M C	COM NEW	302491303	121	3,100	SH		SOLE	3	3,100	0	0
F5 NETWORKS	COM	315616102	165	1,700	SH		SOLE	3	1,700	0	0
FACEBOOK	CL A	30303M102	83	800	SH		DFND	1,2	800	0	0
FACEBOOK	CL A	30303M102	13,250	124,748	SH		DFND	4	124,748	0	0
FACEBOOK	CL A	30303M102	21,105	201,650	SH		SOLE	3	201,650	0	0
FASTENAL	COM	311900104	257	6,300	SH		SOLE	3	6,300	0	0
FCB FINL HLDGS	CL A	30255G103	179	5,000	SH		SOLE	3	5,000	0	0
FEDEX	COM	31428X106	7,076	47,494	SH		OTR	3	47,494	0	0
FEDEX	COM	31428X106	3,665	24,600	SH		SOLE	3	24,600	0	0
FELCOR LODGING TR	COM	31430F101	31	4,300	SH		SOLE	3	4,300	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	66	5,200	SH		SOLE	3	5,200	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	2,850	224,600	SH		SOLE	3	224,600	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	560	16,138	SH		SOLE	3	16,138	0	0
FIDELITY NATL INFORMATION	COM	31620M106	390	6,429	SH		SOLE	3	6,429	0	0
FIFTH THIRD	COM	316773100	378	18,800	SH		SOLE	3	18,800	0	0
FIREEYE	COM	31816Q101	5,003	238,615	SH		DFND	4	238,615	0	0
FIREEYE	COM	31816Q101	62	3,000	SH		SOLE	3	3,000	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	80	3,600	SH		SOLE	3	3,600	0	0
FIRST POTOMAC RLTY	COM	33610F109	21	1,800	SH		SOLE	3	1,800	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	218	3,300	SH		SOLE	3	3,300	0	0
FIRST SOLAR	COM	336433107	370	5,600	SH		SOLE	3	5,600	0	0
FIRSTENERGY	COM	337932107	296	9,335	SH		SOLE	3	9,335	0	0
FISERV	COM	337738108	3,329	36,400	SH		SOLE	3	36,400	0	0
FITBIT	CL A	33812L102	82	2,800	SH		DFND	1,2	2,800	0	0
FITBIT	CL A	33812L102	411	13,900	SH		DFND	4	13,900	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	257	1,800	SH		SOLE	3	1,800	0	0
FLEXTRONICS INTL	ORD	Y2573F102	148	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	135	3,200	SH		SOLE	3	3,200	0	0
FLUOR CORP	COM	343412102	170	3,600	SH		SOLE	3	3,600	0	0
FMC TECHNOLOGIES	COM	30249U101	148	5,100	SH		SOLE	3	5,100	0	0
FOOT LOCKER	COM	344849104	755	11,600	SH		SOLE	3	11,600	0	0
FORTINET	COM	34959E109	97	3,100	SH		SOLE	3	3,100	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	4,472	80,570	SH		OTR	3	80,570	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	1,465	26,400	SH		SOLE	3	26,400	0	0
FOUR CORNERS PPTY TR	COM	35086T109	31	1,300	SH		SOLE	3	1,300	0	0
FRANKLIN RES	COM	354613101	346	9,400	SH		SOLE	3	9,400	0	0
FRANKLIN STREET PPTYS	COM	35471R106	29	2,800	SH		SOLE	3	2,800	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	112	24,063	SH		SOLE	3	24,063	0	0
GALLAGHER ARTHUR J &	COM	363576109	151	3,700	SH		SOLE	3	3,700	0	0
GAMESTOP CORP	CL A	36467W109	606	21,600	SH		SOLE	3	21,600	0	0
GAMING & LEISURE PPTYS	COM	36467J108	83	3,000	SH		SOLE	3	3,000	0	0
GAP INC	COM	364760108	378	15,300	SH		SOLE	3	15,300	0	0
GARMIN	SHS	H2906T109	104	2,800	SH		SOLE	3	2,800	0	0
GARTNER	COM	366651107	154	1,700	SH		SOLE	3	1,700	0	0
GENERAC HLDGS	COM	368736104	116	3,900	SH		SOLE	3	3,900	0	0
GENERAL DYNAMICS	COM	369550108	179	1,300	SH		OTR	3	1,300	0	0
GENERAL DYNAMICS	COM	369550108	3,640	26,500	SH		SOLE	3	26,500	0	0
GENERAL ELECTRIC	COM	369604103	4,501	144,500	SH		OTR	3	144,500	0	0
GENERAL ELECTRIC	COM	369604103	8,037	258,000	SH		SOLE	3	258,000	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	348,082	12,792,437	SH		OTR	3	12,792,437	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	911	33,478	SH		SOLE	3	33,478	0	0
GENERAL MLS	COM	370334104	784	13,600	SH		SOLE	3	13,600	0	0
GENERAL MTRS	COM	37045V100	21,026	618,231	SH		OTR	3	618,231	0	0
GENERAL MTRS	COM	37045V100	1,360	40,000	SH		SOLE	3	40,000	0	0
GENUINE PARTS	COM	372460105	309	3,600	SH		SOLE	3	3,600	0	0
GEO GROUP INC	COM	36162J106	72	2,500	SH		SOLE	3	2,500	0	0
GETTY RLTY CORP	COM	374297109	15	900	SH		SOLE	3	900	0	0
GILEAD SCIENCES	COM	375558103	4,293	42,029	SH		DFND	4	42,029	0	0
GILEAD SCIENCES	COM	375558103	142	1,400	SH		OTR	3	1,400	0	0
GILEAD SCIENCES	COM	375558103	12,639	124,900	SH		SOLE	3	124,900	0	0
GLADSTONE COML	COM	376536108	10	700	SH		SOLE	3	700	0	0
GLOBAL NET LEASE	COM	379378102	44	5,500	SH		SOLE	3	5,500	0	0
GLOBAL PMTS	COM	37940X102	529	8,200	SH		SOLE	3	8,200	0	0
GOGO	COM	38046C109	51	1,000	SH		DFND	5,1,2	1,000	0	0
GOGO	COM	38046C109	2,581	145,000	SH		DFND	5,1,2	145,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	11,579	64,245	SH		OTR	3	64,245	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,784	9,900	SH		SOLE	3	9,900	0	0
GOODYEAR TIRE & RUBR	COM	382550101	193	5,900	SH		SOLE	3	5,900	0	0
GOPRO	CL A	38268T103	769	41,800	SH		DFND	4	41,800	0	0
GRAINGER W W	COM	384802104	81	400	SH		OTR	3	400	0	0
GRAINGER W W	COM	384802104	284	1,400	SH		SOLE	3	1,400	0	0
GRAMERCY PPTY	COM	385002100	107	13,821	SH		SOLE	3	13,821	0	0
GRIFFON	COM	398433102	340	19,100	SH		SOLE	3	19,100	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	1,000	26,000	SH		SOLE	3	26,000	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	122	4,500	SH		SOLE	3	4,500	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	678	24,900	SH		SOLE	3	24,900	0	0
HALLIBURTON	COM	406216101	665	19,500	SH		DFND	4	19,500	0	0
HALLIBURTON	COM	406216101	4,756	139,720	SH		OTR	3	139,720	0	0
HALLIBURTON	COM	406216101	793	23,300	SH		SOLE	3	23,300	0	0
HANESBRANDS	COM	410345102	227	7,700	SH		OTR	3	7,700	0	0
HANESBRANDS	COM	410345102	862	29,300	SH		SOLE	3	29,300	0	0
HARLEY DAVIDSON	COM	412822108	222	4,900	SH		SOLE	3	4,900	0	0
HARMAN INTL INDS	COM	413086109	132	1,400	SH		SOLE	3	1,400	0	0
HARRIS CORP	COM	413875105	235	2,700	SH		SOLE	3	2,700	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	174	4,000	SH		OTR	3	4,000	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	665	15,300	SH		SOLE	3	15,300	0	0
HASBRO	COM	418056107	903	13,400	SH		SOLE	3	13,400	0	0
HCA HOLDINGS	COM	40412C101	3,367	49,790	SH		OTR	3	49,790	0	0
HCA HOLDINGS	COM	40412C101	514	7,600	SH		SOLE	3	7,600	0	0
HCP	COM	40414L109	361,030	9,441,160	SH		OTR	3	9,441,160	0	0
HCP	COM	40414L109	1,021	26,700	SH		SOLE	3	26,700	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	1,153	18,720	SH		OTR	3	18,720	0	0
HEALTH NET	COM	42222G108	3,529	51,550	SH		OTR	3	51,550	0	0
HEALTHCARE RLTY	COM	421946104	93	3,300	SH		SOLE	3	3,300	0	0
HELEN OF TROY CORP	COM	G4388N106	471	5,000	SH		SOLE	3	5,000	0	0
HELMERICH & PAYNE	COM	423452101	129	2,400	SH		SOLE	3	2,400	0	0
HERBALIFE LTD	NOTE 2.000% 8/1	42703MAB9	4,215	5,000,000	PRN		DFND	5,1,2	5,000,000	0	0
HERBALIFE LTD COM	SHS	G4412G101	66	500	SH		DFND	5,1,2	500	0	0
HERBALIFE LTD COM	SHS	G4412G101	11,796	220,000	SH		DFND	5,1,2	220,000	0	0
HERBALIFE LTD COM	SHS	G4412G101	359	6,700	SH		SOLE	3	6,700	0	0
HERSHEY	COM	427866108	312	3,500	SH		SOLE	3	3,500	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	127	8,900	SH		SOLE	3	8,900	0	0
HESS	COM	42809H107	562	11,600	SH		SOLE	3	11,600	0	0
HEWLETT PACKARD ENTERPRISE	COM	42824C109	635	41,800	SH		SOLE	3	41,800	0	0
HEXCEL CORP	COM	428291108	200	4,300	SH		SOLE	3	4,300	0	0
HIGHWOODS PPTYS	COM	431284108	140	3,200	SH		SOLE	3	3,200	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	6,426	300,260	SH		OTR	3	300,260	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	3,133	146,400	SH		SOLE	3	146,400	0	0
HOLLYFRONTIER	COM	436106108	164	4,100	SH		SOLE	3	4,100	0	0
HOLOGIC	COM	436440101	828	21,400	SH		SOLE	3	21,400	0	0
HOME DEPOT	COM	437076102	5,383	40,700	SH		OTR	3	40,700	0	0
HOME DEPOT	COM	437076102	22,807	172,450	SH		SOLE	3	172,450	0	0
HONEYWELL INTL	COM	438516106	12,508	120,770	SH		OTR	3	120,770	0	0
HONEYWELL INTL	COM	438516106	2,227	21,500	SH		SOLE	3	21,500	0	0
HORMEL FOODS	COM	440452100	1,060	13,400	SH		SOLE	3	13,400	0	0
HOST HOTELS & RESORTS	COM	44107P104	347,766	22,670,561	SH		OTR	3	22,670,561	0	0
HOST HOTELS & RESORTS	COM	44107P104	675	44,008	SH		SOLE	3	44,008	0	0
HP	COM	40434L105	495	41,800	SH		SOLE	3	41,800	0	0
HUDSON PAC PPTYS	COM	444097109	70	2,500	SH		SOLE	3	2,500	0	0
HUMANA	COM	444859102	607	3,400	SH		SOLE	3	3,400	0	0
HUNT J B TRANS SVCS	COM	445658107	169	2,300	SH		SOLE	3	2,300	0	0
HUNTINGTON BANCSHARES	COM	446150104	160	14,500	SH		OTR	3	14,500	0	0
HUNTINGTON BANCSHARES	COM	446150104	210	19,000	SH		SOLE	3	19,000	0	0
ICICI BK	ADR	45104G104	3,567	455,520	SH		OTR	3	455,520	0	0
ICICI BK	ADR	45104G104	4,166	532,100	SH		SOLE	3	532,100	0	0
IHS	CL A	451734107	189	1,600	SH		SOLE	3	1,600	0	0
ILLINOIS TOOL WKS	COM	452308109	690	7,450	SH		SOLE	3	7,450	0	0
ILLUMINA	COM	452327109	710	3,700	SH		SOLE	3	3,700	0	0
IMS HEALTH HLDGS	COM	44970B109	89	3,500	SH		SOLE	3	3,500	0	0
INCYTE	COM	45337C102	1,952	18,000	SH		SOLE	3	18,000	0	0
INDEPENDENCE RLTY TR	COM	45378A106	7	964	SH		SOLE	3	964	0	0
INFOSYS LTD	ADR	456788108	3,042	181,600	SH		SOLE	3	181,600	0	0
INGERSOLL-RAND	SHS	G47791101	367	6,644	SH		SOLE	3	6,644	0	0
INGREDION	COM	457187102	719	7,500	SH		SOLE	3	7,500	0	0
INLAND REAL ESTATE	COM NEW	457461200	32	3,000	SH		SOLE	3	3,000	0	0
INLAND REAL ESTATE CORP	REDM PFD SER B	457461507	5,110	201,970	SH		OTR	3	0	0	0
INTEL	COM	458140100	10,583	307,200	SH		OTR	3	307,200	0	0
INTEL	COM	458140100	4,988	144,800	SH		SOLE	3	144,800	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	17	69	SH		DFND	1,2	69	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	14,669	57,244	SH		OTR	3	57,244	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	693	2,705	SH		SOLE	3	2,705	0	0
INTERNATIONAL	COM	459506101	742	6,200	SH		SOLE	3	6,200	0	0
INTERNATIONAL BUSINESS	COM	459200101	5,175	37,600	SH		OTR	3	37,600	0	0
INTERNATIONAL BUSINESS	COM	459200101	7,893	57,350	SH		SOLE	3	57,350	0	0
INTERPUBLIC GROUP COS	COM	460690100	4,530	194,600	SH		OTR	3	194,600	0	0
INTERPUBLIC GROUP COS	COM	460690100	221	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	1,843	19,100	SH		SOLE	3	19,100	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	464	850	SH		SOLE	3	850	0	0
INVESCO	SHS	G491BT108	7,883	235,451	SH		OTR	3	235,451	0	0
INVESCO	SHS	G491BT108	330	9,850	SH		SOLE	3	9,850	0	0
IONIS PHARMACEUTICALS	COM	462222100	173	2,800	SH		SOLE	3	2,800	0	0
IROBOT	COM	462726100	566	15,723	SH		DFND	4	15,723	0	0
IRON MTN INC	COM	46284V101	284	10,528	SH		SOLE	3	10,528	0	0
ISHARES TR	MSCI UAE ETF	46434V761	560	35,400	SH		SOLE	3	35,400	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	727	37,700	SH		SOLE	3	37,700	0	0
ITC HLDGS	COM	465685105	181	4,600	SH		SOLE	3	4,600	0	0
ITRON	COM	465741106	1,418	39,200	SH		OTR	3	39,200	0	0
JACK IN THE BOX	COM	466367109	54	700	SH		SOLE	3	700	0	0
JACOBS ENGR GROUP INC	COM	469814107	117	2,800	SH		SOLE	3	2,800	0	0
JAKKS PAC	COM	47012E106	72	1,000	SH		DFND	5,1,2	1,000	0	0
JAKKS PAC	COM	47012E106	358	45,000	SH		DFND	5,1,2	45,000	0	0
JARDEN	COM	471109108	246	4,300	SH		SOLE	3	4,300	0	0
JD COM INC SPON	CL A	47215P106	348	10,800	SH		SOLE	3	10,800	0	0
JOHNSON &	COM	478160104	103	1,000	SH		OTR	3	1,000	0	0
JOHNSON &	COM	478160104	7,411	72,150	SH		SOLE	3	72,150	0	0
JOHNSON CTLS	COM	478366107	600	15,200	SH		SOLE	3	15,200	0	0
JONES LANG LASALLE	COM	48020Q107	144	900	SH		SOLE	3	900	0	0
JPMORGAN CHASE &	COM	46625H100	297	4,500	SH		OTR	3	4,500	0	0
JPMORGAN CHASE &	COM	46625H100	10,875	164,700	SH		OTR	3	164,700	0	0
JPMORGAN CHASE &	COM	46625H100	8,064	122,120	SH		SOLE	3	122,120	0	0
JUNIPER NETWORKS	COM	48203R104	2,454	88,900	SH		SOLE	3	88,900	0	0
KANSAS CITY	COM NEW	485170302	3,436	46,017	SH		OTR	3	46,017	0	0
KANSAS CITY	COM NEW	485170302	194	2,600	SH		SOLE	3	2,600	0	0
KATE SPADE &	COM	485865109	2,143	122,858	SH		DFND	4	122,858	0	0
KELLOGG	COM	487836108	434	6,000	SH		SOLE	3	6,000	0	0
KEURIG GREEN MTN	COM	49271M100	243	2,700	SH		SOLE	3	2,700	0	0
KEYCORP	COM	493267108	257	19,500	SH		SOLE	3	19,500	0	0
KILROY RLTY	COM	49427F108	239,268	3,781,099	SH		OTR	3	3,781,099	0	0
KILROY RLTY	COM	49427F108	215	3,400	SH		SOLE	3	3,400	0	0
KIMBERLY CLARK	COM	494368103	1,044	8,200	SH		SOLE	3	8,200	0	0
KIMCO RLTY	COM	49446R109	640	24,200	SH		SOLE	3	24,200	0	0
KINDER MORGAN INC	COM	49456B101	1	500	SH		DFND	5,1,2	500	0	0
KINDER MORGAN INC	COM	49456B101	2,516	2,000	SH		DFND	5,1,2	2,000	0	0
KINDER MORGAN INC	COM	49456B101	1,053	1,000	SH		DFND	5,1,2	1,000	0	0
KINDER MORGAN INC	COM	49456B101	4,177	280,000	SH		DFND	5,1,2	280,000	0	0
KINDER MORGAN INC	COM	49456B101	628	42,077	SH		SOLE	3	42,077	0	0
KITE RLTY GROUP	COM NEW	49803T300	73	2,825	SH		SOLE	3	2,825	0	0
KLA-TENCOR	COM	482480100	239	3,450	SH		SOLE	3	3,450	0	0
KOHLS	COM	500255104	772	16,200	SH		SOLE	3	16,200	0	0
KRAFT HEINZ	COM	500754106	990	13,603	SH		SOLE	3	13,603	0	0
KROGER	COM	501044101	197	4,700	SH		OTR	3	4,700	0	0
KROGER	COM	501044101	3,187	76,200	SH		SOLE	3	76,200	0	0
L BRANDS	COM	501797104	3,581	37,374	SH		OTR	3	37,374	0	0
L BRANDS	COM	501797104	537	5,600	SH		SOLE	3	5,600	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	54	450	SH		OTR	3	450	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	227	1,900	SH		SOLE	3	1,900	0	0
LABORATORY CORP AMER	COM NEW	50540R409	903	7,300	SH		SOLE	3	7,300	0	0
LAM RESEARCH	COM	512807108	643	8,100	SH		SOLE	3	8,100	0	0
LAS VEGAS SANDS	COM	517834107	549	12,500	SH		DFND	4	12,500	0	0
LAS VEGAS SANDS	COM	517834107	408	9,300	SH		SOLE	3	9,300	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	49	9,000	SH		SOLE	3	9,000	0	0
LAUDER ESTEE COS	CL A	518439104	16,911	192,045	SH		OTR	3	192,045	0	0
LAUDER ESTEE COS	CL A	518439104	1,365	15,500	SH		SOLE	3	15,500	0	0
LEAR	COM NEW	521865204	233	1,900	SH		SOLE	3	1,900	0	0
LEGG MASON	COM	524901105	586	14,950	SH		SOLE	3	14,950	0	0
LEGGETT & PLATT	COM	524660107	374	8,900	SH		SOLE	3	8,900	0	0
LEIDOS HLDGS	COM	525327102	579	10,300	SH		SOLE	3	10,300	0	0
LENNAR	CL A	526057104	205	4,200	SH		SOLE	3	4,200	0	0
LEUCADIA NATL	COM	527288104	122	7,000	SH		SOLE	3	7,000	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	381	7,000	SH		SOLE	3	7,000	0	0
LEXINGTON REALTY	COM	529043101	56	7,046	SH		SOLE	3	7,046	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	250	5,903	SH		SOLE	3	5,903	0	0
LIBERTY MEDIA CORP	CL A	531229102	90	2,300	SH		SOLE	3	2,300	0	0
LILLY ELI &	COM	532457108	5,875	69,720	SH		OTR	3	69,720	0	0
LILLY ELI &	COM	532457108	6,922	82,150	SH		SOLE	3	82,150	0	0
LINCOLN NATL CORP	COM	534187109	430	8,549	SH		SOLE	3	8,549	0	0
LINEAR TECHNOLOGY	COM	535678106	713	16,800	SH		SOLE	3	16,800	0	0
LINKEDIN CORP	CL A	53578A108	6,131	26,950	SH		DFND	4	26,950	0	0
LINKEDIN CORP	CL A	53578A108	585	2,600	SH		SOLE	3	2,600	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	1,595	64,900	SH		OTR	3	64,900	0	0
LKQ	COM	501889208	216	7,300	SH		SOLE	3	7,300	0	0
LOCKHEED MARTIN	COM	539830109	4,148	19,100	SH		OTR	3	19,100	0	0
LOCKHEED MARTIN	COM	539830109	11,878	54,700	SH		SOLE	3	54,700	0	0
LOEWS	COM	540424108	253	6,600	SH		SOLE	3	6,600	0	0
LOWES COS	COM	548661107	9,657	127,000	SH		SOLE	3	127,000	0	0
LTC PPTYS	COM	502175102	52	1,200	SH		SOLE	3	1,200	0	0
LULULEMON ATHLETICA	COM	550021109	142	2,700	SH		SOLE	3	2,700	0	0
M & T BK	COM	55261F104	418	3,451	SH		SOLE	3	3,451	0	0
MACERICH	COM	554382101	261,112	3,235,984	SH		OTR	3	3,235,984	0	0
MACERICH	COM	554382101	1,117	13,845	SH		SOLE	3	13,845	0	0
MACK CALI RLTY	COM	554489104	68	2,900	SH		SOLE	3	2,900	0	0
MACYS	COM	55616P104	1,361	38,898	SH		SOLE	3	38,898	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	202	2,700	SH		SOLE	3	2,700	0	0
MANHATTAN ASSOCS	COM	562750109	172	2,600	SH		SOLE	3	2,600	0	0
MANPOWERGROUP	COM	56418H100	413	4,900	SH		SOLE	3	4,900	0	0
MARATHON OIL	COM	565849106	194	15,400	SH		SOLE	3	15,400	0	0
MARATHON PETE	COM	56585A102	57	1,100	SH		OTR	3	1,100	0	0
MARATHON PETE	COM	56585A102	2,551	49,200	SH		SOLE	3	49,200	0	0
MARKEL	COM	570535104	287	325	SH		SOLE	3	325	0	0
MARRIOTT INTL INC	CL A	571903202	340	5,067	SH		SOLE	3	5,067	0	0
MARRIOTT VACATIONS WRLDWDE	COM	57164Y107	142	2,500	SH		SOLE	3	2,500	0	0
MARSH & MCLENNAN COS	COM	571748102	688	12,400	SH		SOLE	3	12,400	0	0
MARTIN MARIETTA MATLS	COM	573284106	273	2,000	SH		SOLE	3	2,000	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	78	8,900	SH		SOLE	3	8,900	0	0
MASCO	COM	574599106	1,058	37,400	SH		SOLE	3	37,400	0	0
MASTERCARD	CL A	57636Q104	175	500	SH		DFND	5,1,2	500	0	0
MASTERCARD	CL A	57636Q104	1,518	15,600	SH		DFND	5,1,2	15,600	0	0
MASTERCARD	CL A	57636Q104	4,498	46,200	SH		OTR	3	46,200	0	0
MASTERCARD	CL A	57636Q104	9,152	94,000	SH		SOLE	3	94,000	0	0
MATTEL	COM	577081102	212	7,800	SH		SOLE	3	7,800	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	992	26,100	SH		SOLE	3	26,100	0	0
MCDONALDS	COM	580135101	11,737	99,350	SH		SOLE	3	99,350	0	0
MCGRAW HILL FINL	COM	580645109	621	6,300	SH		SOLE	3	6,300	0	0
MCKESSON	COM	58155Q103	1,035	5,250	SH		SOLE	3	5,250	0	0
MEAD JOHNSON NUTRITION	COM	582839106	371	4,700	SH		SOLE	3	4,700	0	0
MEDICAL PPTYS TRUST	COM	58463J304	90	7,800	SH		SOLE	3	7,800	0	0
MEDIFAST	COM	58470H101	109	3,600	SH		SOLE	3	3,600	0	0
MEDIVATION	COM	58501N101	164	3,400	SH		SOLE	3	3,400	0	0
MEDNAX	COM	58502B106	143	2,000	SH		SOLE	3	2,000	0	0
MEDTRONIC	SHS	G5960L103	201	2,616	SH		OTR	3	2,616	0	0
MEDTRONIC	SHS	G5960L103	2,488	32,344	SH		SOLE	3	32,344	0	0
MERCK & CO INC	COM	58933Y105	10,145	192,058	SH		OTR	3	192,058	0	0
MERCK & CO INC	COM	58933Y105	3,384	64,058	SH		SOLE	3	64,058	0	0
METLIFE	COM	59156R108	1,046	21,700	SH		SOLE	3	21,700	0	0
METTLER TOLEDO	COM	592688105	695	2,050	SH		SOLE	3	2,050	0	0
MGIC INVT CORP	COM	552848103	114	12,900	SH		OTR	3	12,900	0	0
MGM RESORTS	COM	552953101	232	10,200	SH		SOLE	3	10,200	0	0
MICHAEL KORS HLDGS	SHS	G60754101	1,900	47,246	SH		DFND	4	47,246	0	0
MICHAEL KORS HLDGS	SHS	G60754101	192	4,800	SH		SOLE	3	4,800	0	0
MICROCHIP TECHNOLOGY	COM	595017104	400	8,600	SH		SOLE	3	8,600	0	0
MICRON TECHNOLOGY	COM	595112103	353	24,900	SH		SOLE	3	24,900	0	0
MICROSOFT	COM	594918104	101	1,000	SH		DFND	5,1,2	1,000	0	0
MICROSOFT	COM	594918104	957	17,250	SH		DFND	5,1,2	17,250	0	0
MICROSOFT	COM	594918104	32,548	586,658	SH		OTR	3	586,658	0	0
MICROSOFT	COM	594918104	18,530	334,000	SH		SOLE	3	334,000	0	0
MID-AMER APT CMNTYS	COM	59522J103	27,950	307,784	SH		OTR	3	307,784	0	0
MID-AMER APT CMNTYS	COM	59522J103	250	2,756	SH		SOLE	3	2,756	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	1,159	187,500	SH		OTR	3	187,500	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	122	19,750	SH		SOLE	3	19,750	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	1,494	35,946	SH		DFND	4	35,946	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	72	1,700	SH		SOLE	3	1,700	0	0
MOHAWK INDS	COM	608190104	1,269	6,700	SH		SOLE	3	6,700	0	0
MONDELEZ INTL	CL A	609207105	19,080	425,524	SH		OTR	3	425,524	0	0
MONDELEZ INTL	CL A	609207105	1,669	37,211	SH		SOLE	3	37,211	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	21	2,000	SH		SOLE	3	2,000	0	0
MONOGRAM RESIDENTIAL TR	COM	60979P105	54	5,500	SH		SOLE	3	5,500	0	0
MONSANTO CO	COM	61166W101	158	1,600	SH		OTR	3	1,600	0	0
MONSANTO CO	COM	61166W101	2,779	28,206	SH		SOLE	3	28,206	0	0
MONSTER BEVERAGE CORP	COM	61174X109	4,847	32,540	SH		OTR	3	32,540	0	0
MONSTER BEVERAGE CORP	COM	61174X109	1,609	10,800	SH		SOLE	3	10,800	0	0
MONSTER WORLDWIDE INC	NOTE 3.500%10/1 ADDED	611742AB3	3,812	3,000,000	PRN		DFND	5,1,2	3,000,000	0	0
MOODYS	COM	615369105	421	4,200	SH		SOLE	3	4,200	0	0
MORGAN	COM NEW	617446448	1,082	34,000	SH		SOLE	3	34,000	0	0
MOSAIC CO	COM	61945C103	1,277	46,300	SH		SOLE	3	46,300	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	980	14,313	SH		SOLE	3	14,313	0	0
MSCI	COM	55354G100	591	8,200	SH		SOLE	3	8,200	0	0
MURPHY OIL	COM	626717102	88	3,900	SH		SOLE	3	3,900	0	0
MYERS INDS	COM	628464109	406	30,500	SH		SOLE	3	30,500	0	0
NASDAQ	COM	631103108	966	16,600	SH		SOLE	3	16,600	0	0
NATIONAL HEALTH INVS	COM	63633D104	73	1,200	SH		SOLE	3	1,200	0	0
NATIONAL OILWELL VARCO	COM	637071101	1,792	53,500	SH		OTR	3	53,500	0	0
NATIONAL OILWELL VARCO	COM	637071101	296	8,833	SH		SOLE	3	8,833	0	0
NATIONAL RETAIL PPTYS	COM	637417106	197,285	4,925,980	SH		OTR	3	4,925,980	0	0
NATIONAL RETAIL PPTYS	COM	637417106	180	4,500	SH		SOLE	3	4,500	0	0
NAVIENT	COM	63938C108	113	9,900	SH		SOLE	3	9,900	0	0
NETAPP	COM	64110D104	50	1,900	SH		OTR	3	1,900	0	0
NETAPP	COM	64110D104	186	7,000	SH		SOLE	3	7,000	0	0
NETEASE INC	ADR	64110W102	181	1,000	SH		SOLE	3	1,000	0	0
NETFLIX	COM	64110L106	3,660	32,000	SH		SOLE	3	32,000	0	0
NETSUITE	COM	64118Q107	68	800	SH		SOLE	3	800	0	0
NEUSTAR	CL A	64126X201	431	18,000	SH		SOLE	3	18,000	0	0
NEW ORIENTAL ED & TECH GRP I	ADR	647581107	53	1,700	SH		SOLE	3	1,700	0	0
NEW SR INVT GROUP	COM	648691103	29	2,900	SH		SOLE	3	2,900	0	0
NEW YORK CMNTY BANCORP	COM	649445103	176	10,800	SH		SOLE	3	10,800	0	0
NEW YORK REIT	COM	64976L109	61	5,300	SH		SOLE	3	5,300	0	0
NEWELL RUBBERMAID	COM	651229106	2,839	64,400	SH		SOLE	3	64,400	0	0
NEWMONT MINING	COM	651639106	223	12,400	SH		SOLE	3	12,400	0	0
NEWS CORP	CL A	65249B109	122	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	256	2,462	SH		OTR	3	2,462	0	0
NEXTERA ENERGY	COM	65339F101	1,210	11,650	SH		SOLE	3	11,650	0	0
NOBLE ENERGY	COM	655044105	310	9,400	SH		SOLE	3	9,400	0	0
NORDSTROM	COM	655664100	159	3,200	SH		SOLE	3	3,200	0	0
NORFOLK SOUTHERN	COM	655844108	592	7,000	SH		SOLE	3	7,000	0	0
NORTHERN TR	COM	665859104	6,124	84,950	SH		OTR	3	84,950	0	0
NORTHERN TR	COM	665859104	375	5,200	SH		SOLE	3	5,200	0	0
NORTHROP GRUMMAN	COM	666807102	6,282	33,270	SH		SOLE	3	33,270	0	0
NORTHSTAR REALTY EUROPE	COM	66706L101	23	1,982	SH		SOLE	3	1,982	0	0
NORTHSTAR RLTY FIN	COM	66704R803	246	7,013	SH		DFND	5,1,2	7,013	0	0
NORTHSTAR RLTY FIN	COM	66704R803	106	6,250	SH		SOLE	3	6,250	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	1,670	28,500	SH		SOLE	3	28,500	0	0
NOW	COM	67011P100	1,487	94,000	SH		OTR	3	94,000	0	0
NRG ENERGY	COM NEW	629377508	93	7,900	SH		SOLE	3	7,900	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	129	6,500	SH		SOLE	3	6,500	0	0
NUCOR	COM	670346105	290	7,200	SH		SOLE	3	7,200	0	0
NVIDIA	COM	67066G104	3	1,000	SH		DFND	5,1,2	1,000	0	0
NVIDIA	COM	67066G104	8,670	263,050	SH		SOLE	3	263,050	0	0
NVIDIA CORP	NOTE 1.000%12/0	67066GAC8	24,890	15,000,000	PRN		DFND	5,1,2	15,000,000	0	0
NVR	COM	62944T105	1,889	1,150	SH		SOLE	3	1,150	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	8,954	106,279	SH		OTR	3	106,279	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	362	4,300	SH		SOLE	3	4,300	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	4,042	15,950	SH		SOLE	3	15,950	0	0
OCCIDENTAL PETE CORP	COM	674599105	176	2,600	SH		OTR	3	2,600	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,173	17,350	SH		SOLE	3	17,350	0	0
OCEANEERING INTL	COM	675232102	79	2,100	SH		SOLE	3	2,100	0	0
OGE ENERGY	COM	670837103	110	4,200	SH		SOLE	3	4,200	0	0
OMEGA HEALTHCARE INVS	COM	681936100	361,429	10,332,450	SH		OTR	3	10,332,450	0	0
OMEGA HEALTHCARE INVS	COM	681936100	190	5,420	SH		SOLE	3	5,420	0	0
OMNICOM GROUP	COM	681919106	431	5,700	SH		SOLE	3	5,700	0	0
ONE LIBERTY PPTYS	COM	682406103	9	400	SH		SOLE	3	400	0	0
ONEOK INC	COM	682680103	126	5,100	SH		SOLE	3	5,100	0	0
ORACLE	COM	68389X105	3,602	98,600	SH		OTR	3	98,600	0	0
ORACLE	COM	68389X105	2,874	78,683	SH		SOLE	3	78,683	0	0
OUTERWALL	COM	690070107	322	8,800	SH		SOLE	3	8,800	0	0
PACCAR	COM	693718108	390	8,237	SH		SOLE	3	8,237	0	0
PACKAGING CORP	COM	695156109	132	2,100	SH		SOLE	3	2,100	0	0
PALO ALTO NETWORKS	COM	697435105	969	5,500	SH		SOLE	3	5,500	0	0
PANDORA MEDIA	COM	698354107	4,040	302,442	SH		DFND	4	302,442	0	0
PANDORA MEDIA	COM	698354107	2,336	174,230	SH		DFND	5,1,2	174,230	0	0
PARAMOUNT GROUP	COM	69924R108	34	1,883	SH		OTR	3	1,883	0	0
PARKER HANNIFIN	COM	701094104	301	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	573	4,100	SH		SOLE	3	4,100	0	0
PATTERN ENERGY GROUP	CL A	70338P100	96	4,600	SH		SOLE	3	4,600	0	0
PATTERSON COMPANIES	COM	703395103	86	1,900	SH		OTR	3	1,900	0	0
PATTERSON COMPANIES	COM	703395103	262	5,800	SH		SOLE	3	5,800	0	0
PAYCHEX	COM	704326107	397	7,500	SH		SOLE	3	7,500	0	0
PAYPAL HLDGS	COM	70450Y103	907	25,050	SH		SOLE	3	25,050	0	0
PEBBLEBROOK HOTEL	COM	70509V100	64	2,300	SH		SOLE	3	2,300	0	0
PENTAIR	SHS	G7S00T104	207	4,180	SH		SOLE	3	4,180	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	118	7,300	SH		SOLE	3	7,300	0	0
PEPCO HOLDINGS	COM	713291102	146	5,600	SH		SOLE	3	5,600	0	0
PEPSICO	COM	713448108	3,557	35,600	SH		OTR	3	35,600	0	0
PEPSICO	COM	713448108	3,336	33,385	SH		SOLE	3	33,385	0	0
PERRIGO CO	SHS	G97822103	87	600	SH		OTR	3	600	0	0
PERRIGO CO	SHS	G97822103	478	3,300	SH		SOLE	3	3,300	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	1,210	281,400	SH		SOLE	3	281,400	0	0
PFIZER	COM	717081103	4,555	141,100	SH		OTR	3	141,100	0	0
PFIZER	COM	717081103	13,871	429,721	SH		SOLE	3	429,721	0	0
PG&E	COM	69331C108	574	10,800	SH		SOLE	3	10,800	0	0
PHILIP MORRIS INTL	COM	718172109	3,103	35,300	SH		SOLE	3	35,300	0	0
PHILLIPS	COM	718546104	3,693	45,150	SH		SOLE	3	45,150	0	0
PHYSICIANS RLTY	COM	71943U104	20,283	1,203,012	SH		OTR	3	1,203,012	0	0
PHYSICIANS RLTY	COM	71943U104	49	2,900	SH		SOLE	3	2,900	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	93	4,900	SH		SOLE	3	4,900	0	0
PINNACLE WEST CAP	COM	723484101	155	2,400	SH		SOLE	3	2,400	0	0
PIONEER NAT RES	COM	723787107	426	3,400	SH		SOLE	3	3,400	0	0
PLUM CREEK TIMBER CO	COM	729251108	196	4,100	SH		SOLE	3	4,100	0	0
PNC FINL SVCS GROUP	COM	693475105	5,929	62,208	SH		OTR	3	62,208	0	0
PNC FINL SVCS GROUP	COM	693475105	1,129	11,846	SH		SOLE	3	11,846	0	0
POLARIS INDS	COM	731068102	129	1,500	SH		SOLE	3	1,500	0	0
POLYCOM	COM	73172K104	99	7,900	SH		SOLE	3	7,900	0	0
POLYONE	COM	73179P106	219	6,900	SH		SOLE	3	6,900	0	0
POST PPTYS	COM	737464107	106	1,800	SH		SOLE	3	1,800	0	0
PPG INDS	COM	693506107	613	6,200	SH		SOLE	3	6,200	0	0
PPL	COM	69351T106	526	15,400	SH		SOLE	3	15,400	0	0
PRAXAIR	COM	74005P104	676	6,600	SH		SOLE	3	6,600	0	0
PRECISION CASTPARTS	COM	740189105	814	3,510	SH		SOLE	3	3,510	0	0
PREFERRED APT CMNTYS	COM	74039L103	9	700	SH		SOLE	3	700	0	0
PRICE T ROWE GROUP	COM	74144T108	429	6,000	SH		SOLE	3	6,000	0	0
PRICELINE GRP	COM NEW	741503403	5,281	4,142	SH		OTR	3	4,142	0	0
PRICELINE GRP	COM NEW	741503403	6,082	4,770	SH		SOLE	3	4,770	0	0
PRINCIPAL FINL GROUP	COM	74251V102	297	6,600	SH		SOLE	3	6,600	0	0
PROCTER & GAMBLE	COM	742718109	206	2,600	SH		OTR	3	2,600	0	0
PROCTER & GAMBLE	COM	742718109	4,903	61,737	SH		SOLE	3	61,737	0	0
PROGRESSIVE CORP	COM	743315103	2,022	63,600	SH		SOLE	3	63,600	0	0
PROLOGIS	COM	74340W103	205,988	4,799,338	SH		OTR	3	4,799,338	0	0
PROLOGIS	COM	74340W103	1,291	30,084	SH		SOLE	3	30,084	0	0
PRUDENTIAL FINL	COM	744320102	847	10,400	SH		SOLE	3	10,400	0	0
PS BUSINESS PKS INC	COM	69360J107	13,055	149,315	SH		OTR	3	149,315	0	0
PS BUSINESS PKS INC	COM	69360J107	52	600	SH		SOLE	3	600	0	0
PUBLIC	COM	74460D109	658,912	2,660,123	SH		OTR	3	2,660,123	0	0
PUBLIC	COM	74460D109	4,541	18,334	SH		OTR	3	18,334	0	0
PUBLIC	COM	74460D109	5,016	20,250	SH		SOLE	3	20,250	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	457	11,800	SH		SOLE	3	11,800	0	0
PULTE GROUP	COM	745867101	132	7,400	SH		SOLE	3	7,400	0	0
PVH	COM	693656100	133	1,800	SH		SOLE	3	1,800	0	0
QORVO	COM	74736K101	173	3,400	SH		SOLE	3	3,400	0	0
QTS RLTY TR INC	CL A	74736A103	15,536	344,392	SH		OTR	3	344,392	0	0
QTS RLTY TR INC	CL A	74736A103	59	1,300	SH		SOLE	3	1,300	0	0
QUALCOMM	COM	747525103	95	1,900	SH		OTR	3	1,900	0	0
QUALCOMM	COM	747525103	1,784	35,700	SH		SOLE	3	35,700	0	0
QUANTA SVCS	COM	74762E102	215	10,600	SH		SOLE	3	10,600	0	0
QUEST DIAGNOSTICS	COM	74834L100	235	3,300	SH		SOLE	3	3,300	0	0
QUIDEL CORP	NOTE 3.250%12/1	74838JAA9	1,466	1,500,000	PRN		DFND	5,1,2	1,500,000	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	130	1,900	SH		SOLE	3	1,900	0	0
RALPH LAUREN	CL A	751212101	156	1,400	SH		SOLE	3	1,400	0	0
RANGE RES	COM	75281A109	98	4,000	SH		SOLE	3	4,000	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	157	2,700	SH		SOLE	3	2,700	0	0
RAYTHEON	COM NEW	755111507	8,808	70,730	SH		OTR	3	70,730	0	0
RAYTHEON	COM NEW	755111507	2,360	18,950	SH		SOLE	3	18,950	0	0
REALOGY HLDGS	COM	75605Y106	117	3,200	SH		SOLE	3	3,200	0	0
REALTY INCOME	COM	756109104	176,410	3,416,815	SH		OTR	3	3,416,815	0	0
REALTY INCOME	COM	756109104	700	13,550	SH		SOLE	3	13,550	0	0
RED HAT	COM	756577102	1,077	13,000	SH		SOLE	3	13,000	0	0
REGENCY CTRS	COM	758849103	382,489	5,614,932	SH		OTR	3	5,614,932	0	0
REGENCY CTRS	COM	758849103	695	10,200	SH		SOLE	3	10,200	0	0
REGENERON	COM	75886F107	3,613	6,655	SH		OTR	3	6,655	0	0
REGENERON	COM	75886F107	3,746	6,900	SH		SOLE	3	6,900	0	0
REGIONS FINL CORP	COM	7591EP100	293	30,535	SH		SOLE	3	30,535	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	407	3,600	SH		SOLE	3	3,600	0	0
REPUBLIC SVCS	COM	760759100	154	3,500	SH		OTR	3	3,500	0	0
REPUBLIC SVCS	COM	760759100	260	5,900	SH		SOLE	3	5,900	0	0
RESMED	COM	761152107	532	9,900	SH		SOLE	3	9,900	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	59	3,300	SH		SOLE	3	3,300	0	0
RETAIL PPTYS AMER	CL A	76131V202	197,956	13,402,554	SH		OTR	3	13,402,554	0	0
RETAIL PPTYS AMER	CL A	76131V202	114	7,700	SH		SOLE	3	7,700	0	0
REXFORD INDL RLTY	COM	76169C100	31	1,900	SH		SOLE	3	1,900	0	0
REYNOLDS AMERICAN	COM	761713106	4,358	94,426	SH		SOLE	3	94,426	0	0
RITE AID	COM	767754104	165	21,100	SH		SOLE	3	21,100	0	0
RLJ LODGING	COM	74965L101	91	4,200	SH		SOLE	3	4,200	0	0
ROBERT HALF INTL	COM	770323103	146	3,100	SH		SOLE	3	3,100	0	0
ROCKWELL AUTOMATION	COM	773903109	472	4,600	SH		SOLE	3	4,600	0	0
ROCKWELL COLLINS	COM	774341101	258	2,800	SH		SOLE	3	2,800	0	0
ROPER TECHNOLOGIES	COM	776696106	835	4,400	SH		SOLE	3	4,400	0	0
ROSS STORES	COM	778296103	215	4,000	SH		OTR	3	4,000	0	0
ROSS STORES	COM	778296103	1,943	36,100	SH		SOLE	3	36,100	0	0
ROUSE PPTYS	COM	779287101	19	1,307	SH		SOLE	3	1,307	0	0
ROVI	COM	779376102	566	34,000	SH		SOLE	3	34,000	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	3,947	39,000	SH		SOLE	3	39,000	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	88	1,700	SH		SOLE	3	1,700	0	0
SABRA HEALTH CARE REIT	COM	78573L106	45	2,200	SH		SOLE	3	2,200	0	0
SABRE	COM	78573M104	103	3,700	SH		SOLE	3	3,700	0	0
SALESFORCE COM	COM	79466L302	1,215	15,500	SH		SOLE	3	15,500	0	0
SANDISK	COM	80004C101	350	4,600	SH		SOLE	3	4,600	0	0
SANDISK CORP	NOTE 0.500%10/1	80004CAF8	5,201	5,000,000	PRN		DFND	5,1,2	5,000,000	0	0
SAUL CTRS	COM	804395101	21	400	SH		SOLE	3	400	0	0
SBA COMMUNICATIONS	COM	78388J106	7,538	71,741	SH		OTR	3	71,741	0	0
SBA COMMUNICATIONS	COM	78388J106	315	3,000	SH		SOLE	3	3,000	0	0
SCANA CORP	COM	80589M102	175	2,900	SH		SOLE	3	2,900	0	0
SCHEIN HENRY	COM	806407102	1,028	6,500	SH		SOLE	3	6,500	0	0
SCHLUMBERGER	COM	806857108	2,017	28,917	SH		SOLE	3	28,917	0	0
SCHWAB CHARLES CORP	COM	808513105	896	27,200	SH		SOLE	3	27,200	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	640	11,600	SH		SOLE	3	11,600	0	0
SEACOR HOLDINGS	COM	811904101	68	1,300	SH		SOLE	3	1,300	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	275	7,500	SH		SOLE	3	7,500	0	0
SEALED AIR CORP	COM	81211K100	210	4,700	SH		SOLE	3	4,700	0	0
SEI INVESTMENTS	COM	784117103	692	13,200	SH		SOLE	3	13,200	0	0
SEMPRA	COM	816851109	503	5,350	SH		SOLE	3	5,350	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	180	3,900	SH		SOLE	3	3,900	0	0
SERITAGE GROWTH	CL A	81752R100	20	500	SH		SOLE	3	500	0	0
SERVICENOW	COM	81762P102	286	3,300	SH		SOLE	3	3,300	0	0
SHAKE SHACK	CL A	819047101	231	5,800	SH		DFND	4	5,800	0	0
SHERWIN WILLIAMS	COM	824348106	1,791	6,900	SH		SOLE	3	6,900	0	0
SIGNATURE BK NEW YORK N	COM	82669G104	169	1,100	SH		SOLE	3	1,100	0	0
SIGNET JEWELERS	SHS	G81276100	767	6,200	SH		SOLE	3	6,200	0	0
SILVER BAY RLTY TR	COM	82735Q102	19	1,200	SH		SOLE	3	1,200	0	0
SIMON PPTY GROUP INC	COM	828806109	1,445,660	7,434,993	SH		OTR	3	7,434,993	0	0
SIMON PPTY GROUP INC	COM	828806109	3,457	17,778	SH		SOLE	3	17,778	0	0
SIRIUS XM HLDGS	COM	82968B103	753	184,900	SH		SOLE	3	184,900	0	0
SIX FLAGS ENTMT CORP	COM	83001A102	9,604	174,800	SH		SOLE	3	174,800	0	0
SKYWORKS SOLUTIONS	COM	83088M102	976	12,700	SH		SOLE	3	12,700	0	0
SL GREEN RLTY	COM	78440X101	508,265	4,498,713	SH		OTR	3	4,498,713	0	0
SL GREEN RLTY	COM	78440X101	644	5,700	SH		SOLE	3	5,700	0	0
SMITH A	COM	831865209	460	6,000	SH		SOLE	3	6,000	0	0
SMUCKER J M	COM NEW	832696405	900	7,300	SH		SOLE	3	7,300	0	0
SNAP ON	COM	833034101	1,329	7,750	SH		SOLE	3	7,750	0	0
SOLARCITY	COM	83416T100	4,543	89,437	SH		DFND	4	89,437	0	0
SOLARCITY	COM	83416T100	143	2,800	SH		SOLE	3	2,800	0	0
SOUTHERN	COM	842587107	3,182	68,000	SH		SOLE	3	68,000	0	0
SOUTHERN COPPER	COM	84265V105	196	7,500	SH		SOLE	3	7,500	0	0
SOUTHWEST AIRLS	COM	844741108	3,626	84,200	SH		SOLE	3	84,200	0	0
SOUTHWESTERN ENERGY	COM	845467109	61	8,600	SH		SOLE	3	8,600	0	0
SOUTHWESTERN ENERGY CO	DEP SHS 1/20 B	845467208	1,388	75,000	SH		DFND	5,1,2	75,000	0	0
SOVRAN SELF STORAGE	COM	84610H108	129	1,200	SH		SOLE	3	1,200	0	0
SPDR GOLD TRUST	SHS	78463V107	334	3,300	SH		DFND	1,2	3,300	0	0
SPDR GOLD TRUST	SHS	78463V107	406	4,000	SH		SOLE	3	4,000	0	0
SPECTRA ENERGY	COM	847560109	361	15,096	SH		SOLE	3	15,096	0	0
SPIRIT AIRLS	COM	848577102	1,793	45,000	SH		SOLE	3	45,000	0	0
SPIRIT RLTY CAP INC	COM	84860W102	225,659	22,520,902	SH		OTR	3	22,520,902	0	0
SPIRIT RLTY CAP INC	COM	84860W102	146	14,600	SH		SOLE	3	14,600	0	0
SPLUNK	COM	848637104	2,151	36,602	SH		DFND	4	36,602	0	0
SPLUNK	COM	848637104	165	2,800	SH		SOLE	3	2,800	0	0
ST JUDE MED	COM	790849103	389	6,300	SH		SOLE	3	6,300	0	0
STAG INDL	COM	85254J102	42	2,300	SH		SOLE	3	2,300	0	0
STANDARD PAC CORP	NEW NOTE 1.250% 8/0	85375CBC4	5,560	5,000,000	PRN		DFND	5,1,2	5,000,000	0	0
STANLEY BLACK & DECKER	COM	854502101	387	3,624	SH		SOLE	3	3,624	0	0
STAPLES	COM	855030102	136	14,400	SH		SOLE	3	14,400	0	0
STARBUCKS	COM	855244109	78	1,300	SH		DFND	1,2	1,300	0	0
STARBUCKS	COM	855244109	324	5,330	SH		DFND	4	5,330	0	0
STARBUCKS	COM	855244109	231	750	SH		DFND	5,1,2	750	0	0
STARBUCKS	COM	855244109	2,110	35,150	SH		DFND	5,1,2	35,150	0	0
STARBUCKS	COM	855244109	18,531	308,700	SH		SOLE	3	308,700	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	277	4,000	SH		SOLE	3	4,000	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	5,326	235,230	SH		OTR	3	235,230	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	29	1,300	SH		SOLE	3	1,300	0	0
STARWOOD WAYPOINT RESIDENTL	NOTE 4.500%10/1 ADDED	85571WAD1	7,469	7,500,000	PRN		DFND	5,1,2	7,500,000	0	0
STATE STR	COM	857477103	640	9,643	SH		SOLE	3	9,643	0	0
STERICYCLE	COM	858912108	241	2,000	SH		SOLE	3	2,000	0	0
STILLWATER MNG	COM	86074Q102	107	750	SH		DFND	5,1,2	750	0	0
STILLWATER MNG	COM	86074Q102	100	2,675	SH		DFND	5,1,2	2,675	0	0
STILLWATER MNG	COM	86074Q102	985	115,000	SH		DFND	5,1,2	115,000	0	0
STORE CAP	COM	862121100	51	2,200	SH		SOLE	3	2,200	0	0
STRYKER	COM	863667101	716	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	180,497	2,633,832	SH		OTR	3	2,633,832	0	0
SUN CMNTYS	COM	866674104	130	1,900	SH		SOLE	3	1,900	0	0
SUNEDISON	COM	86732Y109	146	28,800	SH		DFND	5,1,2	28,800	0	0
SUNPOWER	COM	867652406	159	5,300	SH		SOLE	3	5,300	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	100,683	8,061,105	SH		OTR	3	8,061,105	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	85	6,827	SH		SOLE	3	6,827	0	0
SUNSTONE HOTEL INVS INC	NEW CV 8% CUM PFD-D	867892507	1,434	56,775	SH		OTR	3	0	0	0
SUNTRUST BKS	COM	867914103	508	11,848	SH		SOLE	3	11,848	0	0
SYMANTEC	COM	871503108	330	15,700	SH		SOLE	3	15,700	0	0
SYNCHRONY	COM	87165B103	563	18,500	SH		SOLE	3	18,500	0	0
SYNOPSYS	COM	871607107	525	11,500	SH		SOLE	3	11,500	0	0
SYSCO	COM	871829107	163	1,000	SH		DFND	5,1,2	1,000	0	0
SYSCO	COM	871829107	1,435	35,000	SH		DFND	5,1,2	35,000	0	0
SYSCO	COM	871829107	119	2,900	SH		OTR	3	2,900	0	0
SYSCO	COM	871829107	554	13,500	SH		SOLE	3	13,500	0	0
T MOBILE US	COM	872590104	252	6,450	SH		SOLE	3	6,450	0	0
TABLEAU SOFTWARE	CL A	87336U105	94	1,000	SH		SOLE	3	1,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	1,092	48,000	SH		SOLE	3	48,000	0	0
TAKE-TWO INTERACTIVE	COM	874054109	258	7,400	SH		SOLE	3	7,400	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	128	3,900	SH		SOLE	3	3,900	0	0
TARGET	COM	87612E106	5,119	70,500	SH		OTR	3	70,500	0	0
TARGET	COM	87612E106	2,774	38,200	SH		SOLE	3	38,200	0	0
TAUBMAN CTRS	COM	876664103	153	2,000	SH		SOLE	3	2,000	0	0
TD AMERITRADE HLDG	COM	87236Y108	219	6,300	SH		SOLE	3	6,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	5,621	87,000	SH		OTR	3	87,000	0	0
TE CONNECTIVITY LTD	SHS	H84989104	291	4,500	SH		OTR	3	4,500	0	0
TE CONNECTIVITY LTD	SHS	H84989104	606	9,375	SH		SOLE	3	9,375	0	0
TEGNA	COM	87901J105	115	4,500	SH		SOLE	3	4,500	0	0
TELEDYNE TECHNOLOGIES	COM	879360105	2,752	31,030	SH		OTR	3	31,030	0	0
TELEFLEX INC	NOTE 3.875% 8/0	879369AA4	93,223	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	1,917	212,260	SH		SOLE	3	212,260	0	0
TENET HEALTHCARE	COM NEW	88033G407	2,697	89,000	SH		OTR	3	89,000	0	0
TERADATA CORP	COM	88076W103	92	3,500	SH		SOLE	3	3,500	0	0
TERRENO RLTY	COM	88146M101	32	1,400	SH		SOLE	3	1,400	0	0
TESLA MTRS	COM	88160R101	12,856	54,000	SH		DFND	4	54,000	0	0
TESLA MTRS	COM	88160R101	648	2,700	SH		SOLE	3	2,700	0	0
TESORO	COM	881609101	1,949	18,500	SH		SOLE	3	18,500	0	0
TEXAS INSTRS	COM	882508104	4,242	77,400	SH		SOLE	3	77,400	0	0
TEXTRON	COM	883203101	269	6,400	SH		SOLE	3	6,400	0	0
THE ADT	COM	00101J106	131	3,962	SH		SOLE	3	3,962	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	127	894	SH		OTR	3	894	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,291	9,100	SH		SOLE	3	9,100	0	0
TIFFANY & CO	COM	886547108	3,471	45,500	SH		OTR	3	45,500	0	0
TIFFANY & CO	COM	886547108	225	2,950	SH		SOLE	3	2,950	0	0
TIM PARTICIPACOES S A	ADR	88706P205	3	300	SH		SOLE	3	300	0	0
TIM PARTICIPACOES S A	ADR	88706P205	6	700	SH		SOLE	3	700	0	0
TIME WARNER	COM NEW	887317303	110	1,700	SH		OTR	3	1,700	0	0
TIME WARNER	COM NEW	887317303	3,065	47,399	SH		SOLE	3	47,399	0	0
TIME WARNER CABLE	COM	88732J207	1,208	6,510	SH		SOLE	3	6,510	0	0
TJX COS INC	COM	872540109	4,751	67,000	SH		SOLE	3	67,000	0	0
TOLL BROTHERS	COM	889478103	140	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	442	7,725	SH		SOLE	3	7,725	0	0
TOTAL SYS SVCS	COM	891906109	914	18,351	SH		SOLE	3	18,351	0	0
TOWERS WATSON &	CL A	891894107	206	1,600	SH		SOLE	3	1,600	0	0
TRACTOR SUPPLY	COM	892356106	975	11,400	SH		SOLE	3	11,400	0	0
TRANSDIGM GROUP	COM	893641100	274	1,200	SH		SOLE	3	1,200	0	0
TRAVELERS COMPANIES	COM	89417E109	11,300	100,123	SH		SOLE	3	100,123	0	0
TRIBUNE MEDIA	CL A	896047503	3,381	100,000	SH		OTR	3	100,000	0	0
TRIMBLE NAVIGATION	COM	896239100	116	5,400	SH		SOLE	3	5,400	0	0
TRIPADVISOR	COM	896945201	404	4,700	SH		DFND	4	4,700	0	0
TRIPADVISOR	COM	896945201	230	2,700	SH		SOLE	3	2,700	0	0
TRULIA INC	NOTE 2.750%12/1	897888AB9	10,918	8,922,000	PRN		DFND	5,1,2	8,922,000	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	797	29,350	SH		SOLE	3	29,350	0	0
TWITTER	COM	90184L102	9,086	408,737	SH		DFND	4	408,737	0	0
TWITTER	COM	90184L102	301	13,000	SH		SOLE	3	13,000	0	0
TYCO INTL	SHS	G91442106	307	9,625	SH		SOLE	3	9,625	0	0
TYLER TECHNOLOGIES	COM	902252105	767	4,400	SH		SOLE	3	4,400	0	0
TYSON FOODS	CL A	902494103	133	2,500	SH		OTR	3	2,500	0	0
TYSON FOODS	CL A	902494103	368	6,900	SH		SOLE	3	6,900	0	0
TYSON FOODS INC	UNIT 99/99/9999	902494301	6,061	100,000	SH		DFND	5,1,2	100,000	0	0
U S G	COM NEW	903293405	2,235	92,000	SH		OTR	3	92,000	0	0
UDR	COM	902653104	438,347	11,667,485	SH		OTR	3	11,667,485	0	0
UDR	COM	902653104	571	15,200	SH		SOLE	3	15,200	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	1,295	7,000	SH		SOLE	3	7,000	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	18	1,200	SH		SOLE	3	1,200	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	4,317	283,050	SH		SOLE	3	283,050	0	0
UMH PPTYS	COM	903002103	9	900	SH		SOLE	3	900	0	0
UMH PPTYS INC	CV RED PFD-A	903002202	528	20,512	SH		OTR	3	0	0	0
UNDER ARMOUR	CL A	904311107	1,756	21,700	SH		DFND	4	21,700	0	0
UNDER ARMOUR	CL A	904311107	1,282	15,900	SH		SOLE	3	15,900	0	0
UNION PAC	COM	907818108	2,624	33,550	SH		OTR	3	33,550	0	0
UNION PAC	COM	907818108	1,537	19,650	SH		SOLE	3	19,650	0	0
UNITED CONTL HLDGS	COM	910047109	3,231	56,381	SH		OTR	3	56,381	0	0
UNITED CONTL HLDGS	COM	910047109	115	2,000	SH		SOLE	3	2,000	0	0
UNITED RENTALS	COM	911363109	174	2,400	SH		SOLE	3	2,400	0	0
UNITED TECHNOLOGIES	COM	913017109	2,267	23,600	SH		SOLE	3	23,600	0	0
UNITED THERAPEUTICS CORP	COM	91307C102	1,237	7,900	SH		SOLE	3	7,900	0	0
UNITEDHEALTH GROUP	COM	91324P102	14,027	119,233	SH		OTR	3	119,233	0	0
UNITEDHEALTH GROUP	COM	91324P102	8,408	71,476	SH		SOLE	3	71,476	0	0
UNIVERSAL DISPLAY	COM	91347P105	71	1,300	SH		SOLE	3	1,300	0	0
UNUM	COM	91529Y106	200	6,000	SH		SOLE	3	6,000	0	0
URBAN EDGE	COM	91704F104	71	3,043	SH		SOLE	3	3,043	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	1,632	62,425	SH		OTR	3	0	0	0
US BANCORP	COM NEW	902973304	1,728	40,500	SH		SOLE	3	40,500	0	0
V F	COM	918204108	5,124	82,315	SH		OTR	3	82,315	0	0
V F	COM	918204108	1,351	21,700	SH		SOLE	3	21,700	0	0
VALE S	ADR	91912E105	85	25,900	SH		SOLE	3	25,900	0	0
VALE S	ADR	91912E105	1,271	386,300	SH		SOLE	3	386,300	0	0
VALERO ENERGY CORP	COM	91913Y100	4,879	69,000	SH		OTR	3	69,000	0	0
VALERO ENERGY CORP	COM	91913Y100	820	11,592	SH		SOLE	3	11,592	0	0
VALIDUS HOLDINGS LTD	SHS	G9319H102	611	13,200	SH		SOLE	3	13,200	0	0
VANTIV	CL A	92210H105	616	13,000	SH		SOLE	3	13,000	0	0
VARIAN MED SYS	COM	92220P105	186	2,300	SH		SOLE	3	2,300	0	0
VECTOR GROUP	COM	92240M108	5	500	SH		DFND	5,1,2	500	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	23,191	15,000,000	PRN		DFND	5,1,2	15,000,000	0	0
VENTAS	COM	92276F100	1,085	19,224	SH		SOLE	3	19,224	0	0
VEREIT	COM	92339V100	424	53,474	SH		SOLE	3	53,474	0	0
VERISIGN	COM	92343E102	218	2,500	SH		SOLE	3	2,500	0	0
VERISIGN INC	SDCV 3.250% 8/1	92343EAD4	89,563	35,000,000	PRN		DFND	5,1,2	35,000,000	0	0
VERISK ANALYTICS	COM	92345Y106	269	3,500	SH		SOLE	3	3,500	0	0
VERIZON COMMUNICATIONS	COM	92343V104	2,635	57,000	SH		OTR	3	57,000	0	0
VERIZON COMMUNICATIONS	COM	92343V104	4,245	91,848	SH		SOLE	3	91,848	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	4,102	32,600	SH		OTR	3	32,600	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	705	5,600	SH		SOLE	3	5,600	0	0
VIPSHOP HLDGS LTD	ADR	92763W103	209	13,700	SH		SOLE	3	13,700	0	0
VISA INC	CL A	92826C839	17,159	221,260	SH		OTR	3	221,260	0	0
VISA INC	CL A	92826C839	17,992	232,000	SH		SOLE	3	232,000	0	0
VISTEON	COM NEW	92839U206	561	4,900	SH		SOLE	3	4,900	0	0
VITAMIN SHOPPE	COM	92849E101	17	600	SH		DFND	5,1,2	600	0	0
VMWARE INC CL	COM	928563402	119	2,100	SH		SOLE	3	2,100	0	0
VOYA FINL	COM	929089100	203	5,500	SH		SOLE	3	5,500	0	0
VULCAN MATLS	COM	929160109	417	4,390	SH		OTR	3	4,390	0	0
VULCAN MATLS	COM	929160109	1,011	10,650	SH		SOLE	3	10,650	0	0
W P CAREY	COM	92936U109	212	3,600	SH		SOLE	3	3,600	0	0
WABCO HLDGS	COM	92927K102	7,492	73,260	SH		OTR	3	73,260	0	0
WABCO HLDGS	COM	92927K102	112	1,100	SH		SOLE	3	1,100	0	0
WABTEC	COM	929740108	164	2,300	SH		SOLE	3	2,300	0	0
WAL-MART STORES	COM	931142103	67	1,100	SH		OTR	3	1,100	0	0
WAL-MART STORES	COM	931142103	2,250	36,700	SH		SOLE	3	36,700	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	5,152	60,500	SH		SOLE	3	60,500	0	0
WALKER & DUNLOP	COM	93148P102	167	5,800	SH		SOLE	3	5,800	0	0
WASTE MGMT INC	COM	94106L109	544	10,200	SH		SOLE	3	10,200	0	0
WATERS	COM	941848103	754	5,600	SH		SOLE	3	5,600	0	0
WEATHERFORD INTL PLC	SHS	G48833100	155	18,500	SH		SOLE	3	18,500	0	0
WEC ENERGY GROUP	COM	92939U106	371	7,230	SH		SOLE	3	7,230	0	0
WEIBO CORP	ADR	948596101	59	3,000	SH		SOLE	3	3,000	0	0
WELLS FARGO & CO	COM	949746101	268	4,900	SH		DFND	4	4,900	0	0
WELLS FARGO & CO	COM	949746101	12,281	225,926	SH		OTR	3	225,926	0	0
WELLS FARGO & CO	COM	949746101	15,950	293,409	SH		SOLE	3	293,409	0	0
WELLTOWER	COM	95040Q104	554,729	8,154,180	SH		OTR	3	8,154,180	0	0
WELLTOWER	COM	95040Q104	1,388	20,400	SH		SOLE	3	20,400	0	0
WESTERN DIGITAL	COM	958102105	318	5,300	SH		SOLE	3	5,300	0	0
WESTERN UN	COM	959802109	1,738	97,046	SH		SOLE	3	97,046	0	0
WESTLAKE CHEM	COM	960413102	65	1,200	SH		SOLE	3	1,200	0	0
WESTROCK	COM	96145D105	267	5,842	SH		SOLE	3	5,842	0	0
WEYERHAEUSER	COM	962166104	359	11,958	SH		SOLE	3	11,958	0	0
WHIRLPOOL	COM	963320106	264	1,800	SH		SOLE	3	1,800	0	0
WHITESTONE	COM	966084204	10	800	SH		SOLE	3	800	0	0
WHITEWAVE FOODS	COM	966244105	152	3,900	SH		SOLE	3	3,900	0	0
WHITING PETE CORP	COM	966387102	45	4,800	SH		SOLE	3	4,800	0	0
WHOLE FOODS MKT	COM	966837106	285	8,500	SH		SOLE	3	8,500	0	0
WILLIAMS COS INC	COM	969457100	419	16,300	SH		SOLE	3	16,300	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	180	3,700	SH		SOLE	3	3,700	0	0
WISDOMTREE INVTS	COM	97717P104	4,280	272,977	SH		OTR	3	272,977	0	0
WOODWARD	COM	980745103	134	2,700	SH		SOLE	3	2,700	0	0
WORKDAY	CL A	98138H101	191	2,400	SH		SOLE	3	2,400	0	0
WP GLIMCHER	COM	92939N102	65	6,153	SH		SOLE	3	6,153	0	0
WYNDHAM WORLDWIDE	COM	98310W108	1,366	18,800	SH		SOLE	3	18,800	0	0
WYNN RESORTS	COM	983134107	138	2,000	SH		SOLE	3	2,000	0	0
XCEL ENERGY	COM	98389B100	406	11,300	SH		SOLE	3	11,300	0	0
XENIA HOTELS & RESORTS	COM	984017103	57	3,700	SH		SOLE	3	3,700	0	0
XEROX	COM	984121103	474	44,553	SH		SOLE	3	44,553	0	0
XILINX	COM	983919101	277	5,900	SH		SOLE	3	5,900	0	0
XL GROUP	SHS	G98290102	831	21,200	SH		SOLE	3	21,200	0	0
XYLEM	COM	98419M100	139	3,800	SH		SOLE	3	3,800	0	0
YAHOO	COM	984332106	1,711	51,286	SH		DFND	4	51,286	0	0
YAHOO	COM	984332106	73	1,422	SH		DFND	5,1,2	1,422	0	0
YAHOO	COM	984332106	332	10,000	SH		DFND	5,1,2	10,000	0	0
YAHOO	COM	984332106	1,261	37,900	SH		SOLE	3	37,900	0	0
YELP	CL A	985817105	3,164	112,029	SH		DFND	4	112,029	0	0
YOUKU TUDOU INC	ADR	98742U100	41	1,500	SH		SOLE	3	1,500	0	0
YUM BRANDS	COM	988498101	716	9,800	SH		SOLE	3	9,800	0	0
ZILLOW GROUP	CL A	98954M101	6,205	234,865	SH		DFND	4	234,865	0	0
ZILLOW GROUP	CL A	98954M101	5	500	SH		DFND	5,1,2	500	0	0
ZILLOW GROUP	CL A	98954M101	100	250	SH		DFND	5,1,2	250	0	0
ZILLOW GROUP	CL A	98954M101	147	500	SH		DFND	5,1,2	500	0	0
ZILLOW GROUP	CL A	98954M101	97	500	SH		DFND	5,1,2	500	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	410	4,000	SH		SOLE	3	4,000	0	0
ZOETIS	CL A	98978V103	532	11,100	SH		SOLE	3	11,100	0	0