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
58 COM INC	SPON ADR REP A	31680Q104	83	1,500	SH		SOLE	3	1,500	0	0
ACADIA RLTY	TR COM SH BEN INT	004239109	89	2,541	SH		SOLE	3	2,541	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	5,867	74,243	SH		DFND		74,243	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	3,469	43,900	SH		OTR	3	43,900	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,675	21,200	SH		SOLE	3	21,200	0	0
ALPHABET INC	CAP STK CL C	02079K107	1,512	2,030	SH		DFND		2,030	0	0
ALPHABET INC	CAP STK CL C	02079K107	10,823	14,528	SH		OTR	3	14,528	0	0
ALPHABET INC	CAP STK CL C	02079K107	5,973	8,018	SH		SOLE	3	8,018	0	0
BAIDU INC	SPON ADR REP A	056752108	3,268	17,123	SH		OTR	3	17,123	0	0
BAIDU INC	SPON ADR REP A	056752108	1,069	5,600	SH		SOLE	3	5,600	0	0
BANCO BRADESCO	S A SP ADR PFD NEW	059460303	394	52,880	SH		SOLE	3	52,880	0	0
BANCO BRADESCO	S A SP ADR PFD NEW	059460303	13,701	1,839,099	SH		SOLE	3	1,839,099	0	0
BANCO SANTANDER BRASIL	S A ADS REP 1 UNIT	05967A107	279	60,000	SH		SOLE	3	60,000	0	0
BANCOLOMBIA	S A SPON ADR PREF	05968L102	109	3,200	SH		SOLE	3	3,200	0	0
BERKSHIRE HATHAWAY INC	DEL CL B NEW	084670702	3,916	27,600	SH		SOLE	3	27,600	0	0
BRANDYWINE RLTY	TR SH BEN INT NEW	105368203	87	6,200	SH		SOLE	3	6,200	0	0
BRASKEM	S A SP ADR PFD A	105532105	466	36,100	SH		SOLE	3	36,100	0	0
BROWN FORMAN CORP	CL B	115637209	1,556	15,800	SH		SOLE	3	15,800	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	158	4,800	SH		SOLE	3	4,800	0	0
CAMDEN PPTY	TR SH BEN INT	133131102	23,475	279,163	SH		OTR	3	279,163	0	0
CAMDEN PPTY	TR SH BEN INT	133131102	479	5,700	SH		SOLE	3	5,700	0	0
CARNIVAL CORP	PAIRED CTF	143658300	586	11,100	SH		SOLE	3	11,100	0	0
CBS CORP	NEW CL B	124857202	1,517	27,541	SH		SOLE	3	27,541	0	0
CELANESE CORP	DEL COM SER A	150870103	236	3,600	SH		SOLE	3	3,600	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	131	3,500	SH		DFND	4,1,2	3,500	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	131	17,986	SH		SOLE	3	17,986	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	2,692	13,300	SH		OTR	3	13,300	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	385	1,900	SH		SOLE	3	1,900	0	0
CHESAPEAKE LODGING	TR SH BEN INT	165240102	56	2,100	SH		SOLE	3	2,100	0	0
COCA COLA FEMSA	S A B DE C V SPON ADR REP L	191241108	8	100	SH		SOLE	3	100	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	31	13,900	SH		SOLE	3	13,900	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	868	384,000	SH		SOLE	3	384,000	0	0
COMPANHIA PARANAENSE ENERG	C SPON ADR PFD	20441B407	310	39,100	SH		SOLE	3	39,100	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	89	3,400	SH		SOLE	3	3,400	0	0
DISCOVERY COMMUNICATNS	NEW COM SER A	25470F104	104	3,640	SH		SOLE	3	3,640	0	0
DISCOVERY COMMUNICATNS	NEW COM SER C	25470F302	165	6,120	SH		SOLE	3	6,120	0	0
DISNEY WALT CO	COM DISNEY	254687106	198	2,000	SH		DFND	1,2	2,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,190	11,983	SH		DFND		11,983	0	0
DISNEY WALT CO	COM DISNEY	254687106	4,826	48,600	SH		OTR	3	48,600	0	0
DISNEY WALT CO	COM DISNEY	254687106	17,603	177,250	SH		SOLE	3	177,250	0	0
EATON VANCE CORP	COM NON VTG	278265103	84	2,500	SH		SOLE	3	2,500	0	0
ECOPETROL	S A SPONSORED ADS	279158109	40	4,600	SH		SOLE	3	4,600	0	0
EPR PPTYS COM	SH BEN INT	26884U109	153	2,300	SH		SOLE	3	2,300	0	0
EQUINIX INC	COM PAR $0.001	29444U700	666,370	2,014,967	SH		OTR	3	2,014,967	0	0
EQUINIX INC	COM PAR $0.001	29444U700	517	1,562	SH		SOLE	3	1,562	0	0
EQUITY COMWLTH COM	SH BEN INT	294628102	126	4,475	SH		SOLE	3	4,475	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	810,686	10,804,823	SH		OTR	3	10,804,823	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	3,601	48,000	SH		SOLE	3	48,000	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	93,576	599,655	SH		OTR	3	599,655	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	718	4,600	SH		SOLE	3	4,600	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	197	2,050	SH		SOLE	3	2,050	0	0
FORD MTR CO	DEL COM PAR $0.01	345370860	201	14,900	SH		OTR	3	14,900	0	0
FORD MTR CO	DEL COM PAR $0.01	345370860	1,176	87,123	SH		SOLE	3	87,123	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	500	48,440	SH		DFND		48,440	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	322	31,158	SH		SOLE	3	31,158	0	0
GERDAU S A	SPON ADR REP PFD	373737105	36	20,200	SH		SOLE	3	20,200	0	0
GERDAU S A	SPON ADR REP PFD	373737105	765	430,000	SH		SOLE	3	430,000	0	0
GLOBAL X FDS GLBX	MSCI COLUM	37950E200	43	4,700	SH		SOLE	3	4,700	0	0
GLOBAL X FDS MSCI	GREECE ETF	37950E366	248	33,000	SH		SOLE	3	33,000	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	43	2,400	SH		SOLE	3	2,400	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	81	9,000	SH		SOLE	3	9,000	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	214,482	7,290,352	SH		OTR	3	7,290,352	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	131	4,450	SH		SOLE	3	4,450	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	59	2,000	SH		SOLE	3	2,000	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	4,171	195,454	SH		OTR	3	195,454	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	35	1,650	SH		SOLE	3	1,650	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	143	5,400	SH		SOLE	3	5,400	0	0
INVESTORS REAL ESTATE	TR SH BEN INT	461730103	33	4,500	SH		SOLE	3	4,500	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	195	7,400	SH		SOLE	3	7,400	0	0
ISHARES	MSCI CDA ETF	464286509	110	4,650	SH		SOLE	3	4,650	0	0
ISHARES	MSCI CH CAP ETF	464286640	92	2,500	SH		SOLE	3	2,500	0	0
ISHARES	MSCI PAC JP ETF	464286665	142	3,620	SH		SOLE	3	3,620	0	0
ISHARES	MSCI GERMANY ETF	464286806	283	11,000	SH		SOLE	3	11,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	5,398	129,700	SH		SOLE	3	129,700	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	7,246	88,700	SH		SOLE	3	88,700	0	0
ISHARES TR	MSCI UTD KNGDM	46434V548	157	10,000	SH		SOLE	3	10,000	0	0
ISHARES TR I	NTL SEL DIV ETF	464288448	1,012	34,895	SH		SOLE	3	34,895	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	301	35,000	SH		SOLE	3	35,000	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	10,732	1,249,394	SH		SOLE	3	1,249,394	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	183	1,400	SH		SOLE	3	1,400	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	101	4,000	SH		SOLE	3	4,000	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	545	14,509	SH		SOLE	3	14,509	0	0
LIBERTY INTERACTIVE CORP	QVC GP COM SER A	53071M104	256	10,150	SH		SOLE	3	10,150	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	321	9,600	SH		SOLE	3	9,600	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	128	1,500	SH		OTR	3	1,500	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	3,766	44,000	SH		SOLE	3	44,000	0	0
MARKET VECTORS	ETF TR RUSSIA ETF	57060U506	111	6,800	SH		SOLE	3	6,800	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	269	2,700	SH		SOLE	3	2,700	0	0
MOLSON COORS BREWING CO	CL B	60871R209	7,197	74,824	SH		OTR	3	74,824	0	0
MOLSON COORS BREWING CO	CL B	60871R209	404	4,200	SH		SOLE	3	4,200	0	0
MYLAN	N V SHS EURO	N59465109	450	9,700	SH		SOLE	3	9,700	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	17	800	SH		SOLE	3	800	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	8,335	158,285	SH		OTR	3	158,285	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	432	8,200	SH		SOLE	3	8,200	0	0
NIKE INC	CL B	654106103	3,874	63,020	SH		OTR	3	63,020	0	0
NIKE INC	CL B	654106103	13,265	215,800	SH		SOLE	3	215,800	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	22,929	1,049,367	SH		OTR	3	1,049,367	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	52	2,400	SH		SOLE	3	2,400	0	0
PETROLEO BRASILEIRO	SA PETRO SP ADR NON VTG	71654V101	5,484	1,210,700	SH		SOLE	3	1,210,700	0	0
POWERSHARES	ETF TR II EMER MRKT PORT	73936T763	608	39,000	SH		SOLE	3	39,000	0	0
POWERSHARES DB	CMDTY IDX TRA UNIT BEN INT	73935S105	73	5,500	SH		SOLE	3	5,500	0	0
QIHOO 360 TECHNOLOGY CO LTD	ADS	74734M109	113	1,500	SH		SOLE	3	1,500	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	22,251	1,234,126	SH		OTR	3	1,234,126	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	49	2,700	SH		SOLE	3	2,700	0	0
SELECT INCOME	REIT COM SH BEN INT	81618T100	51	2,200	SH		SOLE	3	2,200	0	0
SENIOR HSG	PPTYS TR SH BEN INT	81721M109	148	8,300	SH		SOLE	3	8,300	0	0
SOCIEDAD QUIMICA MINERA DE C SPON	ADR SER B	833635105	66	3,200	SH		SOLE	3	3,200	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	442	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	246	1,200	SH		DFND		1,200	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	4	500	SH		DFND	4,1,2	500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	27	500	SH		DFND	4,1,2	500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	2,805	13,650	SH		SOLE	3	13,650	0	0
SPDR SERIES TRUST BRC	CNV SECS ETF	78464A359	10	250	SH		DFND	4,1,2	250	0	0
SPDR SERIES TRUST BRC	CNV SECS ETF	78464A359	10	500	SH		DFND	4,1,2	500	0	0
SPRINT CORP	COM SER 1	85207U105	63	18,179	SH		SOLE	3	18,179	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	296	10,500	SH		SOLE	3	10,500	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	158	1,500	SH		OTR	3	1,500	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,730	16,400	SH		SOLE	3	16,400	0	0
UNIVERSAL HEALTH RLTY	INCM T SH BEN INT	91359E105	23	400	SH		SOLE	3	400	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	274	2,200	SH		SOLE	3	2,200	0	0
VALE	S A ADR REPSTG PFD	91912E204	2,897	928,401	SH		SOLE	3	928,401	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	586	8,493	SH		SOLE	3	8,493	0	0
***ERROR:MISSING***	***MISSING***	46434V779	961	47,900	SH		SOLE	3	47,900	0	0
3-D SYS CORP	COM NEW	88554D205	1,246	80,594	SH		DFND		80,594	0	0
3M	COM	88579Y101	10,406	62,450	SH		SOLE	3	62,450	0	0
AAR	COM	000361105	187	8,040	SH		SOLE	3	8,040	0	0
ABBOTT	COM	002824100	1,452	34,700	SH		SOLE	3	34,700	0	0
ABBVIE	COM	00287Y109	2,176	38,095	SH		SOLE	3	38,095	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	346	3,000	SH		OTR	3	3,000	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	7,963	69,003	SH		OTR	3	69,003	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	10,496	90,950	SH		SOLE	3	90,950	0	0
ACTIVISION BLIZZARD	COM	00507V109	3,330	98,400	SH		SOLE	3	98,400	0	0
ACUITY BRANDS	COM	00508Y102	1,440	6,600	SH		SOLE	3	6,600	0	0
ADOBE SYS	COM	00724F101	1,088	11,600	SH		SOLE	3	11,600	0	0
ADVANCE AUTO PARTS	COM	00751Y106	6,879	42,900	SH		OTR	3	42,900	0	0
ADVANCE AUTO PARTS	COM	00751Y106	265	1,650	SH		SOLE	3	1,650	0	0
AERCAP HOLDINGS	SHS	N00985106	2,246	57,950	SH		OTR	3	57,950	0	0
AERCAP HOLDINGS	SHS	N00985106	74	1,900	SH		SOLE	3	1,900	0	0
AES	COM	00130H105	1,038	87,970	SH		SOLE	3	87,970	0	0
AETNA INC	COM	00817Y108	4,269	38,000	SH		OTR	3	38,000	0	0
AETNA INC	COM	00817Y108	4,193	37,323	SH		SOLE	3	37,323	0	0
AFFILIATED MANAGERS	COM	008252108	211	1,300	SH		SOLE	3	1,300	0	0
AFLAC	COM	001055102	3,678	58,250	SH		SOLE	3	58,250	0	0
AFLAC	COM	001055102	2,652	42,000	SH		SOLE	3	42,000	0	0
AGCO	COM	001084102	89	1,800	SH		SOLE	3	1,800	0	0
AGILENT TECHNOLOGIES	COM	00846U101	306	7,690	SH		SOLE	3	7,690	0	0
AGL RES	COM	001204106	189	2,900	SH		SOLE	3	2,900	0	0
AGREE REALTY	COM	008492100	27	700	SH		SOLE	3	700	0	0
AIR LEASE	CL A	00912X302	2,333	72,630	SH		OTR	3	72,630	0	0
AIR PRODS & CHEMS	COM	009158106	684	4,750	SH		SOLE	3	4,750	0	0
AIRGAS	COM	009363102	241	1,700	SH		SOLE	3	1,700	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	3	250	SH		DFND	4,1,2	250	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	10	250	SH		DFND	4,1,2	250	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	2,500	45,000	SH		DFND	4,1,2	45,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	233	4,200	SH		SOLE	3	4,200	0	0
ALASKA AIR GROUP	COM	011659109	3,281	40,000	SH		SOLE	3	40,000	0	0
ALBANY MOLECULAR RESH INC	NOTE 2.250%11/1	012423AB5	2,773	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
ALBEMARLE	COM	012653101	153	2,400	SH		SOLE	3	2,400	0	0
ALCOA	COM	013817101	294	30,700	SH		SOLE	3	30,700	0	0
ALEXANDERS	COM	014752109	38	100	SH		SOLE	3	100	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	44,444	488,986	SH		OTR	3	488,986	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	300	3,300	SH		SOLE	3	3,300	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	45	490	SH		SOLE	3	490	0	0
ALEXION PHARMACEUTICALS	COM	015351109	738	5,300	SH		SOLE	3	5,300	0	0
ALKERMES	SHS	G01767105	116	3,400	SH		SOLE	3	3,400	0	0
ALLEGHANY CORP	COM	017175100	918	1,850	SH		SOLE	3	1,850	0	0
ALLERGAN	SHS	G0177J108	10,725	40,016	SH		OTR	3	40,016	0	0
ALLERGAN	SHS	G0177J108	2,599	9,696	SH		SOLE	3	9,696	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	5,933	26,970	SH		OTR	3	26,970	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	308	1,400	SH		SOLE	3	1,400	0	0
ALLIANT ENERGY	COM	018802108	163	2,200	SH		OTR	3	2,200	0	0
ALLIANT ENERGY	COM	018802108	208	2,800	SH		SOLE	3	2,800	0	0
ALLSTATE	COM	020002101	1,424	21,130	SH		SOLE	3	21,130	0	0
ALLY FINL	COM	02005N100	185	9,900	SH		SOLE	3	9,900	0	0
ALNYLAM PHARMACEUTICALS	COM	02043Q107	113	1,800	SH		SOLE	3	1,800	0	0
ALPHABET INC CAP	CL A	02079K305	366	481	SH		DFND		481	0	0
ALPHABET INC CAP	CL A	02079K305	259	340	SH		OTR	3	340	0	0
ALPHABET INC CAP	CL A	02079K305	29,776	39,030	SH		SOLE	3	39,030	0	0
ALTRA INDL MOTION CORP	NOTE 2.750% 3/0	02208RAE6	2,305	2,000,000	PRN		DFND	4,1,2	2,000,000	0	0
ALTRIA GROUP	COM	02209S103	3,904	62,300	SH		OTR	3	62,300	0	0
ALTRIA GROUP	COM	02209S103	23,867	380,900	SH		SOLE	3	380,900	0	0
AMAZON COM	COM	023135106	89	150	SH		DFND	1,2	150	0	0
AMAZON COM	COM	023135106	6,641	11,187	SH		DFND		11,187	0	0
AMAZON COM	COM	023135106	5,819	9,802	SH		OTR	3	9,802	0	0
AMAZON COM	COM	023135106	28,216	47,530	SH		SOLE	3	47,530	0	0
AMBARELLA	SHS	G037AX101	1,755	39,268	SH		DFND		39,268	0	0
AMBEV SA	ADR	02319V103	2,809	542,300	SH		SOLE	3	542,300	0	0
AMERCO	COM	023586100	61	170	SH		SOLE	3	170	0	0
AMEREN	COM	023608102	286	5,700	SH		SOLE	3	5,700	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	179	11,500	SH		SOLE	3	11,500	0	0
AMERICAN AIRLS GROUP	COM	02376R102	1,105	26,940	SH		OTR	3	26,940	0	0
AMERICAN AIRLS GROUP	COM	02376R102	1,722	41,980	SH		SOLE	3	41,980	0	0
AMERICAN ASSETS TR	COM	024013104	56	1,400	SH		SOLE	3	1,400	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	220	4,668	SH		SOLE	3	4,668	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	158	8,500	SH		SOLE	3	8,500	0	0
AMERICAN ELEC PWR	COM	025537101	2,882	43,400	SH		OTR	3	43,400	0	0
AMERICAN ELEC PWR	COM	025537101	979	14,750	SH		SOLE	3	14,750	0	0
AMERICAN EXPRESS	COM	025816109	1,451	23,640	SH		SOLE	3	23,640	0	0
AMERICAN HOMES 4	CL A	02665T306	106	6,648	SH		SOLE	3	6,648	0	0
AMERICAN INTL GROUP	COM NEW	026874784	5,612	103,827	SH		OTR	3	103,827	0	0
AMERICAN INTL GROUP	COM NEW	026874784	3,600	66,612	SH		SOLE	3	66,612	0	0
AMERICAN TOWER CORP	COM	03027X100	1,013	9,900	SH		SOLE	3	9,900	0	0
AMERICAN WTR WKS CO INC	COM	030420103	448	6,500	SH		SOLE	3	6,500	0	0
AMERIPRISE FINL	COM	03076C106	160	1,700	SH		OTR	3	1,700	0	0
AMERIPRISE FINL	COM	03076C106	1,801	19,160	SH		SOLE	3	19,160	0	0
AMERISOURCEBERGEN	COM	03073E105	3,948	45,620	SH		SOLE	3	45,620	0	0
AMETEK INC	COM	031100100	285	5,700	SH		SOLE	3	5,700	0	0
AMGEN	COM	031162100	120	800	SH		OTR	3	800	0	0
AMGEN	COM	031162100	2,639	17,600	SH		SOLE	3	17,600	0	0
AMPHENOL CORP	CL A	032095101	411	7,100	SH		SOLE	3	7,100	0	0
ANADARKO PETE	COM	032511107	3,591	77,119	SH		OTR	3	77,119	0	0
ANADARKO PETE	COM	032511107	559	12,000	SH		SOLE	3	12,000	0	0
ANALOG DEVICES	COM	032654105	195	3,300	SH		OTR	3	3,300	0	0
ANALOG DEVICES	COM	032654105	1,711	28,900	SH		SOLE	3	28,900	0	0
ANNALY CAP MGMT	COM	035710409	219	21,300	SH		SOLE	3	21,300	0	0
ANSYS	COM	03662Q105	188	2,100	SH		SOLE	3	2,100	0	0
ANTERO RES	COM	03674X106	45	1,800	SH		SOLE	3	1,800	0	0
ANTHEM	COM	036752103	4,156	29,900	SH		OTR	3	29,900	0	0
ANTHEM	COM	036752103	848	6,100	SH		SOLE	3	6,100	0	0
AON PLC	CL A	G0408V102	3,656	35,000	SH		OTR	3	35,000	0	0
AON PLC	CL A	G0408V102	668	6,400	SH		SOLE	3	6,400	0	0
APACHE	COM	037411105	425	8,710	SH		SOLE	3	8,710	0	0
APARTMENT INVT & MGMT	CL A	03748R101	363,302	8,687,267	SH		OTR	3	8,687,267	0	0
APARTMENT INVT & MGMT	CL A	03748R101	297	7,092	SH		SOLE	3	7,092	0	0
APARTMENT INVT & MGMT CO	PFD CL A 6.875%	03748R762	2,447	89,551	SH		OTR	3	0	0	0
APPLE	COM	037833100	326	3,000	SH		DFND	1,2	3,000	0	0
APPLE	COM	037833100	8,004	73,443	SH		DFND		73,443	0	0
APPLE	COM	037833100	8,294	76,100	SH		OTR	3	76,100	0	0
APPLE	COM	037833100	37,411	343,250	SH		SOLE	3	343,250	0	0
APPLE HOSPITALITY REIT	COM NEW	03784Y200	109	5,500	SH		SOLE	3	5,500	0	0
APPLIED MATLS	COM	038222105	4,278	202,000	SH		OTR	3	202,000	0	0
APPLIED MATLS	COM	038222105	2,995	141,420	SH		SOLE	3	141,420	0	0
ARAMARK	COM	03852U106	159	4,800	SH		SOLE	3	4,800	0	0
ARCH CAP GROUP	ORD	G0450A105	2,204	31,000	SH		SOLE	3	31,000	0	0
ARCHER DANIELS MIDLAND	COM	039483102	994	27,370	SH		SOLE	3	27,370	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	10	900	SH		SOLE	3	900	0	0
ARMOUR RESIDENTIAL REIT	COM NEW	042315507	194	8,990	SH		SOLE	3	8,990	0	0
ARROW ELECTRS	COM	042735100	135	2,100	SH		SOLE	3	2,100	0	0
ASBURY AUTOMOTIVE GROUP	COM	043436104	291	4,860	SH		SOLE	3	4,860	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	10	873	SH		SOLE	3	873	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	17	2,600	SH		SOLE	3	2,600	0	0
ASHFORD HOSPITALITY TR INC	9% CUM PFD SER E	044103505	533	22,299	SH		OTR	3	0	0	0
ASHLAND INC	COM	044209104	176	1,600	SH		SOLE	3	1,600	0	0
ASSURANT	COM	04621X108	131	1,700	SH		OTR	3	1,700	0	0
ASSURANT	COM	04621X108	694	9,000	SH		SOLE	3	9,000	0	0
AT&T	COM	00206R102	1	1,000	SH		DFND	4,1,2	1,000	0	0
AT&T	COM	00206R102	325	8,300	SH		OTR	3	8,300	0	0
AT&T	COM	00206R102	7,584	193,611	SH		SOLE	3	193,611	0	0
ATMOS ENERGY	COM	049560105	171	2,300	SH		SOLE	3	2,300	0	0
AUTODESK	COM	052769106	303	5,200	SH		SOLE	3	5,200	0	0
AUTOLIV	COM	052800109	972	8,200	SH		SOLE	3	8,200	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	978	10,900	SH		SOLE	3	10,900	0	0
AUTONATION	COM	05329W102	79	1,700	SH		SOLE	3	1,700	0	0
AUTOZONE	COM	053332102	789	990	SH		SOLE	3	990	0	0
AVALONBAY CMNTYS	COM	053484101	3,522	18,519	SH		SOLE	3	18,519	0	0
AVERY DENNISON	COM	053611109	3,447	47,800	SH		SOLE	3	47,800	0	0
AVIS BUDGET	COM	053774105	427	15,610	SH		SOLE	3	15,610	0	0
AVNET	COM	053807103	142	3,200	SH		SOLE	3	3,200	0	0
AXALTA COATING SYS	COM	G0750C108	91	3,100	SH		SOLE	3	3,100	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	133	2,400	SH		SOLE	3	2,400	0	0
B/E AEROSPACE	COM	073302101	291	6,300	SH		SOLE	3	6,300	0	0
BAKER HUGHES	COM	057224107	449	10,254	SH		SOLE	3	10,254	0	0
BALL	COM	058498106	214	3,000	SH		SOLE	3	3,000	0	0
BANCO DE CHILE	ADR	059520106	42	657	SH		SOLE	3	657	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	288	14,900	SH		SOLE	3	14,900	0	0
BANK AMER	COM	060505104	8,995	665,312	SH		OTR	3	665,312	0	0
BANK AMER	COM	060505104	3,460	255,914	SH		SOLE	3	255,914	0	0
BANK NEW YORK MELLON	COM	064058100	1,214	32,971	SH		SOLE	3	32,971	0	0
BARD C R	COM	067383109	1,723	8,500	SH		SOLE	3	8,500	0	0
BAXALTA	COM	07177M103	634	15,700	SH		SOLE	3	15,700	0	0
BAXTER INTL	COM	071813109	2,177	53,000	SH		OTR	3	53,000	0	0
BAXTER INTL	COM	071813109	526	12,800	SH		SOLE	3	12,800	0	0
BB&T	COM	054937107	599	18,000	SH		SOLE	3	18,000	0	0
BECTON DICKINSON &	COM	075887109	8,907	58,670	SH		OTR	3	58,670	0	0
BECTON DICKINSON &	COM	075887109	3,182	20,960	SH		SOLE	3	20,960	0	0
BED BATH & BEYOND	COM	075896100	1,298	26,150	SH		SOLE	3	26,150	0	0
BERKLEY W R	COM	084423102	129	2,300	SH		SOLE	3	2,300	0	0
BEST BUY	COM	086516101	247	7,600	SH		SOLE	3	7,600	0	0
BIOGEN	COM	09062X103	3,085	11,850	SH		SOLE	3	11,850	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	313	3,800	SH		SOLE	3	3,800	0	0
BLACKROCK	COM	09247X101	9,330	27,394	SH		OTR	3	27,394	0	0
BLACKROCK	COM	09247X101	1,260	3,700	SH		SOLE	3	3,700	0	0
BLOCK H & R	COM	093671105	782	29,600	SH		SOLE	3	29,600	0	0
BLUEROCK RESIDENTIAL GRW REI	CL A	09627J102	7	600	SH		SOLE	3	600	0	0
BOB EVANS FARMS	COM	096761101	149	3,200	SH		SOLE	3	3,200	0	0
BOEING	COM	097023105	4,151	32,700	SH		OTR	3	32,700	0	0
BOEING	COM	097023105	7,671	60,430	SH		SOLE	3	60,430	0	0
BORGWARNER	COM	099724106	196	5,100	SH		SOLE	3	5,100	0	0
BOSTON PROPERTIES	COM	101121101	1,245	9,800	SH		SOLE	3	9,800	0	0
BOSTON SCIENTIFIC	COM	101137107	5,896	313,430	SH		OTR	3	313,430	0	0
BOSTON SCIENTIFIC	COM	101137107	2,636	140,147	SH		SOLE	3	140,147	0	0
BRF SA	ADR	10552T107	253	17,800	SH		SOLE	3	17,800	0	0
BRF SA	ADR	10552T107	3,516	247,259	SH		SOLE	3	247,259	0	0
BRISTOL MYERS SQUIBB	COM	110122108	11,937	186,870	SH		OTR	3	186,870	0	0
BRISTOL MYERS SQUIBB	COM	110122108	12,188	190,800	SH		SOLE	3	190,800	0	0
BRIXMOR PPTY GROUP	COM	11120U105	245,359	9,576,840	SH		OTR	3	9,576,840	0	0
BRIXMOR PPTY GROUP	COM	11120U105	254	9,900	SH		SOLE	3	9,900	0	0
BROADCOM	SHS	Y09827109	324	2,100	SH		OTR	3	2,100	0	0
BROADCOM	SHS	Y09827109	5,191	33,596	SH		SOLE	3	33,596	0	0
BUNGE	COM	G16962105	193	3,400	SH		SOLE	3	3,400	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	252	3,400	SH		SOLE	3	3,400	0	0
CA	COM	12673P105	237	7,705	SH		SOLE	3	7,705	0	0
CABOT OIL & GAS	COM	127097103	243	10,700	SH		SOLE	3	10,700	0	0
CALIFORNIA RES	COM	13057Q107	0	205	SH		OTR	3	205	0	0
CALPINE	COM NEW	131347304	127	8,400	SH		SOLE	3	8,400	0	0
CAMERON INTERNATIONAL	COM	13342B105	288	4,300	SH		SOLE	3	4,300	0	0
CAMPBELL SOUP	COM	134429109	281	4,400	SH		SOLE	3	4,400	0	0
CAPITAL ONE FINL	COM	14040H105	3,528	50,900	SH		OTR	3	50,900	0	0
CAPITAL ONE FINL	COM	14040H105	863	12,454	SH		SOLE	3	12,454	0	0
CARDINAL HEALTH	COM	14149Y108	180	2,200	SH		OTR	3	2,200	0	0
CARDINAL HEALTH	COM	14149Y108	631	7,700	SH		SOLE	3	7,700	0	0
CARE CAP PPTYS	COM	141624106	78	2,905	SH		SOLE	3	2,905	0	0
CARE CAP PPTYS	COM	141624106	76	2,830	SH		SOLE	3	2,830	0	0
CARETRUST REIT	COM	14174T107	24	1,906	SH		SOLE	3	1,906	0	0
CARMAX	COM	143130102	2,887	56,500	SH		OTR	3	56,500	0	0
CARMAX	COM	143130102	250	4,900	SH		SOLE	3	4,900	0	0
CATERPILLAR INC	COM	149123101	4,057	53,000	SH		OTR	3	53,000	0	0
CATERPILLAR INC	COM	149123101	1,171	15,300	SH		SOLE	3	15,300	0	0
CBL & ASSOC PPTYS	COM	124830100	65	5,445	SH		SOLE	3	5,445	0	0
CBRE GROUP	CL A	12504L109	2,406	83,500	SH		OTR	3	83,500	0	0
CBRE GROUP	CL A	12504L109	196	6,800	SH		SOLE	3	6,800	0	0
CDK GLOBAL	COM	12508E101	135	2,900	SH		SOLE	3	2,900	0	0
CDW	COM	12514G108	129	3,100	SH		SOLE	3	3,100	0	0
CEDAR REALTY TRUST	COM NEW	150602209	20	2,700	SH		SOLE	3	2,700	0	0
CELGENE	COM	151020104	9,268	92,600	SH		SOLE	3	92,600	0	0
CENCOSUD	S A SPONSORED ADS	15132H101	101	13,200	SH		SOLE	3	13,200	0	0
CENTENE CORP	COM	15135B101	1,338	21,731	SH		OTR	3	21,731	0	0
CENTENE CORP	COM	15135B101	240	3,900	SH		SOLE	3	3,900	0	0
CENTERPOINT ENERGY	COM	15189T107	209	10,000	SH		SOLE	3	10,000	0	0
CENTURYLINK	COM	156700106	525	16,442	SH		SOLE	3	16,442	0	0
CERNER	COM	156782104	1,730	32,670	SH		OTR	3	32,670	0	0
CERNER	COM	156782104	1,456	27,500	SH		SOLE	3	27,500	0	0
CF INDS HLDGS	COM	125269100	47	1,500	SH		OTR	3	1,500	0	0
CF INDS HLDGS	COM	125269100	163	5,200	SH		SOLE	3	5,200	0	0
CHATHAM LODGING	COM	16208T102	30	1,400	SH		SOLE	3	1,400	0	0
CHECK POINT SOFTWARE TECH	ORD	M22465104	122	1,400	SH		SOLE	3	1,400	0	0
CHENIERE ENERGY	COM NEW	16411R208	176	5,200	SH		SOLE	3	5,200	0	0
CHESAPEAKE ENERGY	NOTE 2.250%12/1	165167CB1	400	1,000,000	PRN		DFND	4,1,2	1,000,000	0	0
CHEVRON CORP	COM	166764100	191	2,000	SH		OTR	3	2,000	0	0
CHEVRON CORP	COM	166764100	16,010	167,818	SH		SOLE	3	167,818	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	1,591	43,500	SH		DFND		43,500	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	84	2,300	SH		SOLE	3	2,300	0	0
CHICOS FAS	COM	168615102	331	24,970	SH		SOLE	3	24,970	0	0
CHIMERA INVT	COM NEW	16934Q208	409	30,060	SH		SOLE	3	30,060	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	1,868	3,967	SH		OTR	3	3,967	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	1,427	3,030	SH		SOLE	3	3,030	0	0
CHUBB	COM	H1467J104	214	1,800	SH		OTR	3	1,800	0	0
CHUBB	COM	H1467J104	2,574	21,600	SH		OTR	3	21,600	0	0
CHUBB	COM	H1467J104	1,306	10,959	SH		SOLE	3	10,959	0	0
CHURCH & DWIGHT	COM	171340102	1,346	14,600	SH		SOLE	3	14,600	0	0
CIGNA	COM	125509109	3,966	28,900	SH		OTR	3	28,900	0	0
CIGNA	COM	125509109	844	6,150	SH		SOLE	3	6,150	0	0
CIMAREX ENERGY	COM	171798101	214	2,200	SH		SOLE	3	2,200	0	0
CINCINNATI FINL	COM	172062101	1,409	21,565	SH		SOLE	3	21,565	0	0
CINTAS	COM	172908105	1,212	13,500	SH		SOLE	3	13,500	0	0
CISCO SYS	COM	17275R102	6,067	213,100	SH		OTR	3	213,100	0	0
CISCO SYS	COM	17275R102	13,606	477,900	SH		SOLE	3	477,900	0	0
CIT GROUP	COM NEW	125581801	127	4,100	SH		SOLE	3	4,100	0	0
CITIGROUP	COM NEW	172967424	3,728	89,300	SH		OTR	3	89,300	0	0
CITIGROUP	COM NEW	172967424	2,923	70,003	SH		SOLE	3	70,003	0	0
CITIZENS FINL GROUP	COM	174610105	2,238	106,848	SH		OTR	3	106,848	0	0
CITIZENS FINL GROUP	COM	174610105	247	11,800	SH		SOLE	3	11,800	0	0
CITRIX SYS	COM	177376100	291	3,700	SH		SOLE	3	3,700	0	0
CITY OFFICE REIT	COM	178587101	5	400	SH		SOLE	3	400	0	0
CLEARWATER PAPER	COM	18538R103	146	3,000	SH		SOLE	3	3,000	0	0
CLOROX CO	COM	189054109	2,086	16,550	SH		SOLE	3	16,550	0	0
CME GROUP	COM	12572Q105	730	7,600	SH		SOLE	3	7,600	0	0
CMS ENERGY	COM	125896100	136	3,200	SH		OTR	3	3,200	0	0
CMS ENERGY	COM	125896100	522	12,300	SH		SOLE	3	12,300	0	0
CNO FINL GROUP	COM	12621E103	450	25,100	SH		SOLE	3	25,100	0	0
COACH	COM	189754104	457	11,400	SH		SOLE	3	11,400	0	0
COCA COLA	COM	191216100	4,525	97,550	SH		SOLE	3	97,550	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	264	5,200	SH		SOLE	3	5,200	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	897	14,300	SH		SOLE	3	14,300	0	0
COLGATE PALMOLIVE	COM	194162103	12,497	176,880	SH		OTR	3	176,880	0	0
COLGATE PALMOLIVE	COM	194162103	1,409	19,950	SH		SOLE	3	19,950	0	0
COLONY STARWOOD	COM	19625X102	35	1,400	SH		SOLE	3	1,400	0	0
COLUMBIA PIPELINE GROUP	COM	198280109	218	8,700	SH		SOLE	3	8,700	0	0
COLUMBIA PPTY TR	COM NEW	198287203	97	4,400	SH		SOLE	3	4,400	0	0
COMCAST CORP	CL A	20030N101	4,679	76,600	SH		OTR	3	76,600	0	0
COMCAST CORP	CL A	20030N101	4,775	78,170	SH		SOLE	3	78,170	0	0
COMERICA	COM	200340107	163	4,300	SH		SOLE	3	4,300	0	0
COMMUNITY HEALTHCARE TR	COM	20369C106	6	300	SH		SOLE	3	300	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	355	25,500	SH		SOLE	3	25,500	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	1,701	257,700	SH		SOLE	3	257,700	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	89	45,000	SH		SOLE	3	45,000	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	29	1,300	SH		SOLE	3	1,300	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	57	7,700	SH		SOLE	3	7,700	0	0
CONAGRA FOODS	COM	205887102	464	10,400	SH		SOLE	3	10,400	0	0
CONCHO RES	COM	20605P101	303	3,000	SH		SOLE	3	3,000	0	0
CONOCOPHILLIPS	COM	20825C104	153	3,800	SH		OTR	3	3,800	0	0
CONOCOPHILLIPS	COM	20825C104	1,279	31,750	SH		SOLE	3	31,750	0	0
CONSOLIDATED EDISON	COM	209115104	533	6,950	SH		SOLE	3	6,950	0	0
CONSTELLATION BRANDS	CL A	21036P108	3,694	24,450	SH		SOLE	3	24,450	0	0
CONTINENTAL RESOURCES	COM	212015101	64	2,100	SH		SOLE	3	2,100	0	0
COOPER COS	COM NEW	216648402	154	1,000	SH		SOLE	3	1,000	0	0
CORE LABORATORIES N	COM	N22717107	112	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	77	1,100	SH		SOLE	3	1,100	0	0
CORNING	COM	219350105	2,160	103,400	SH		SOLE	3	103,400	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	133	4,135	SH		SOLE	3	4,135	0	0
COSTCO WHSL CORP	COM	22160K105	63	400	SH		OTR	3	400	0	0
COSTCO WHSL CORP	COM	22160K105	8,226	52,200	SH		SOLE	3	52,200	0	0
COTY INC	CL A	222070203	2,516	90,390	SH		OTR	3	90,390	0	0
COUSINS PPTYS	COM	222795106	9,417	907,184	SH		OTR	3	907,184	0	0
COUSINS PPTYS	COM	222795106	73	7,063	SH		SOLE	3	7,063	0	0
COVANTA HLDG	COM	22282E102	177	10,500	SH		SOLE	3	10,500	0	0
CPFL ENERGIA S A	ADR	126153105	528	48,477	SH		SOLE	3	48,477	0	0
CREDICORP	COM	G2519Y108	223	1,700	SH		SOLE	3	1,700	0	0
CREE	COM	225447101	166	5,700	SH		SOLE	3	5,700	0	0
CROWN CASTLE INTL CORP	COM	22822V101	136,088	1,573,277	SH		OTR	3	1,573,277	0	0
CROWN CASTLE INTL CORP	COM	22822V101	662	7,650	SH		SOLE	3	7,650	0	0
CROWN HOLDINGS	COM	228368106	169	3,400	SH		SOLE	3	3,400	0	0
CSX	COM	126408103	736	28,600	SH		SOLE	3	28,600	0	0
CTRIP COM INTL LTD AMERICAN	SHS	22943F100	181	4,100	SH		SOLE	3	4,100	0	0
CUBESMART	COM	229663109	232,433	6,979,958	SH		OTR	3	6,979,958	0	0
CUBESMART	COM	229663109	203	6,100	SH		SOLE	3	6,100	0	0
CUMMINS	COM	231021106	4,453	40,500	SH		OTR	3	40,500	0	0
CUMMINS	COM	231021106	506	4,600	SH		SOLE	3	4,600	0	0
CVS HEALTH	COM	126650100	3,846	37,075	SH		OTR	3	37,075	0	0
CVS HEALTH	COM	126650100	10,127	97,624	SH		SOLE	3	97,624	0	0
CYRUSONE	COM	23283R100	12,012	263,141	SH		OTR	3	263,141	0	0
CYRUSONE	COM	23283R100	110	2,400	SH		SOLE	3	2,400	0	0
D R HORTON	COM	23331A109	477	15,766	SH		SOLE	3	15,766	0	0
DANA HLDG	COM	235825205	365	25,900	SH		SOLE	3	25,900	0	0
DANAHER CORP	COM	235851102	1,366	14,400	SH		SOLE	3	14,400	0	0
DARDEN RESTAURANTS	COM	237194105	5,165	77,900	SH		SOLE	3	77,900	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	279	3,800	SH		SOLE	3	3,800	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	122	3,100	SH		SOLE	3	3,100	0	0
DDR	COM	23317H102	393,577	22,123,504	SH		OTR	3	22,123,504	0	0
DDR	COM	23317H102	252	14,158	SH		SOLE	3	14,158	0	0
DEERE &	COM	244199105	2,707	35,160	SH		SOLE	3	35,160	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	7,223	96,278	SH		OTR	3	96,278	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	2,236	29,800	SH		SOLE	3	29,800	0	0
DELTA AIR LINES INC	COM NEW	247361702	3,246	66,690	SH		SOLE	3	66,690	0	0
DENTSPLY SIRONA	COM	24906P109	339	5,500	SH		SOLE	3	5,500	0	0
DEPOMED INC	NOTE 2.500% 9/0	249908AA2	1,866	2,000,000	PRN		DFND	4,1,2	2,000,000	0	0
DEVON ENERGY CORP	COM	25179M103	63	2,300	SH		OTR	3	2,300	0	0
DEVON ENERGY CORP	COM	25179M103	291	10,600	SH		SOLE	3	10,600	0	0
DIAMOND RESORTS INTL	COM	25272T104	321	13,220	SH		SOLE	3	13,220	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	20,958	2,070,900	SH		OTR	3	2,070,900	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	72	7,142	SH		SOLE	3	7,142	0	0
DICKS SPORTING GOODS	COM	253393102	94	2,000	SH		SOLE	3	2,000	0	0
DIGITAL RLTY TR	COM	253868103	378,262	4,274,630	SH		OTR	3	4,274,630	0	0
DIGITAL RLTY TR	COM	253868103	841	9,500	SH		SOLE	3	9,500	0	0
DIGITAL RLTY TR INC	6.35% PFD CUM CV	253868863	2,838	110,000	SH		OTR	3	0	0	0
DISCOVER FINL	COM	254709108	132	2,600	SH		OTR	3	2,600	0	0
DISCOVER FINL	COM	254709108	2,149	42,210	SH		SOLE	3	42,210	0	0
DISH NETWORK	CL A	25470M109	231	5,000	SH		SOLE	3	5,000	0	0
DOLLAR GEN CORP	COM	256677105	591	6,900	SH		SOLE	3	6,900	0	0
DOLLAR TREE	COM	256746108	447	5,420	SH		SOLE	3	5,420	0	0
DOMINION RES INC VA	COM	25746U109	1,277	17,000	SH		SOLE	3	17,000	0	0
DOUGLAS EMMETT	COM	25960P109	156,211	5,188,022	SH		OTR	3	5,188,022	0	0
DOUGLAS EMMETT	COM	25960P109	199	6,600	SH		SOLE	3	6,600	0	0
DOVER	COM	260003108	431	6,700	SH		SOLE	3	6,700	0	0
DOW CHEM	COM	260543103	3,825	75,200	SH		OTR	3	75,200	0	0
DOW CHEM	COM	260543103	1,343	26,400	SH		SOLE	3	26,400	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	2,416	27,024	SH		SOLE	3	27,024	0	0
DTE ENERGY	COM	233331107	381	4,200	SH		SOLE	3	4,200	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,444	22,800	SH		SOLE	3	22,800	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,320	16,366	SH		SOLE	3	16,366	0	0
DUKE REALTY	COM NEW	264411505	509	22,600	SH		SOLE	3	22,600	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	88	850	SH		SOLE	3	850	0	0
DUNKIN BRANDS GROUP	COM	265504100	648	13,730	SH		SOLE	3	13,730	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	101	2,500	SH		SOLE	3	2,500	0	0
E M C CORP	COM	268648102	1,207	45,300	SH		SOLE	3	45,300	0	0
E TRADE FINANCIAL	COM NEW	269246401	176	7,200	SH		SOLE	3	7,200	0	0
EASTERLY GOVT PPTYS	COM	27616P103	7	400	SH		SOLE	3	400	0	0
EASTGROUP PPTY	COM	277276101	66	1,100	SH		SOLE	3	1,100	0	0
EASTMAN CHEM	COM	277432100	426	5,900	SH		SOLE	3	5,900	0	0
EATON CORP	SHS	G29183103	156	2,500	SH		OTR	3	2,500	0	0
EATON CORP	SHS	G29183103	1,204	19,248	SH		SOLE	3	19,248	0	0
EBAY	COM	278642103	605	25,350	SH		SOLE	3	25,350	0	0
ECOLAB	COM	278865100	691	6,200	SH		SOLE	3	6,200	0	0
EDGEWELL PERS CARE	COM	28035Q102	113	1,400	SH		SOLE	3	1,400	0	0
EDISON	COM	281020107	561	7,800	SH		SOLE	3	7,800	0	0
EDUCATION RLTY TR	COM NEW	28140H203	176,406	4,240,533	SH		OTR	3	4,240,533	0	0
EDUCATION RLTY TR	COM NEW	28140H203	93	2,233	SH		SOLE	3	2,233	0	0
EDWARDS LIFESCIENCES	COM	28176E108	3,048	34,550	SH		SOLE	3	34,550	0	0
ELECTRONIC ARTS	COM	285512109	3,094	46,800	SH		SOLE	3	46,800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	21	800	SH		SOLE	3	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	2,960	112,300	SH		SOLE	3	112,300	0	0
EMERSON ELEC	COM	291011104	3,931	72,280	SH		SOLE	3	72,280	0	0
EMPIRE ST RLTY TR	CL A	292104106	72	4,100	SH		SOLE	3	4,100	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	92	2,200	SH		SOLE	3	2,200	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	117	2,800	SH		SOLE	3	2,800	0	0
ENDO INTL	SHS	G30401106	138	4,900	SH		SOLE	3	4,900	0	0
ENERSIS AMERICAS S A	ADR	29274F104	154	11,100	SH		SOLE	3	11,100	0	0
ENERSIS AMERICAS S A	ADR	29274F104	47	3,400	SH		SOLE	3	3,400	0	0
ENTERGY CORP	COM	29364G103	317	4,000	SH		SOLE	3	4,000	0	0
ENVISION HEALTHCARE HLDGS	COM	29413U103	86	4,200	SH		SOLE	3	4,200	0	0
EOG RES	COM	26875P101	3,478	47,920	SH		OTR	3	47,920	0	0
EOG RES	COM	26875P101	936	12,900	SH		SOLE	3	12,900	0	0
EPR PPTYS CONV	PFD 9% SR E	26884U307	1,524	43,545	SH		OTR	3	0	0	0
EQT	COM	26884L109	235	3,500	SH		SOLE	3	3,500	0	0
EQUIFAX	COM	294429105	2,019	17,662	SH		OTR	3	17,662	0	0
EQUIFAX	COM	294429105	1,726	15,100	SH		SOLE	3	15,100	0	0
EQUITY	COM	294752100	92	3,200	SH		SOLE	3	3,200	0	0
EQUITY COMWLTH CUM	PFD S D 6.5%	294628201	1,207	48,076	SH		OTR	3	0	0	0
EQUITY COMWLTH CUM	PFD E 7.25%	294628409	2,393	94,150	SH		OTR	3	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	177,983	2,447,174	SH		OTR	3	2,447,174	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	204	2,800	SH		SOLE	3	2,800	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	75	1,030	SH		SOLE	3	1,030	0	0
ESSEX PPTY TR	COM	297178105	474,341	2,028,313	SH		OTR	3	2,028,313	0	0
ESSEX PPTY TR	COM	297178105	998	4,267	SH		SOLE	3	4,267	0	0
EVEREST RE GROUP	COM	G3223R108	809	4,100	SH		SOLE	3	4,100	0	0
EVERSOURCE	COM	30040W108	6,282	107,680	SH		OTR	3	107,680	0	0
EVERSOURCE	COM	30040W108	442	7,580	SH		SOLE	3	7,580	0	0
EXELON	COM	30161N101	1,030	28,726	SH		SOLE	3	28,726	0	0
EXPEDIA INC	COM NEW	30212P303	119	1,100	SH		OTR	3	1,100	0	0
EXPEDIA INC	COM NEW	30212P303	4,089	37,925	SH		SOLE	3	37,925	0	0
EXPEDITORS INTL WASH	COM	302130109	210	4,300	SH		SOLE	3	4,300	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	3,582	52,145	SH		SOLE	3	52,145	0	0
EXTRA SPACE STORAGE	COM	30225T102	379,925	4,065,104	SH		OTR	3	4,065,104	0	0
EXTRA SPACE STORAGE	COM	30225T102	1,776	19,000	SH		SOLE	3	19,000	0	0
EXXON MOBIL	COM	30231G102	5,144	61,534	SH		OTR	3	61,534	0	0
EXXON MOBIL	COM	30231G102	8,449	101,081	SH		SOLE	3	101,081	0	0
F M C	COM NEW	302491303	125	3,100	SH		SOLE	3	3,100	0	0
F5 NETWORKS	COM	315616102	180	1,700	SH		SOLE	3	1,700	0	0
FACEBOOK	CL A	30303M102	4,439	38,911	SH		DFND		38,911	0	0
FACEBOOK	CL A	30303M102	33,197	290,950	SH		SOLE	3	290,950	0	0
FASTENAL	COM	311900104	309	6,300	SH		SOLE	3	6,300	0	0
FEDEX	COM	31428X106	10,058	61,814	SH		OTR	3	61,814	0	0
FEDEX	COM	31428X106	1,017	6,250	SH		SOLE	3	6,250	0	0
FELCOR LODGING TR	COM	31430F101	37	4,600	SH		SOLE	3	4,600	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	64	7,500	SH		SOLE	3	7,500	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	1,158	136,500	SH		SOLE	3	136,500	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	750	22,138	SH		SOLE	3	22,138	0	0
FIDELITY NATL INFORMATION	COM	31620M106	407	6,429	SH		SOLE	3	6,429	0	0
FIFTH THIRD	COM	316773100	314	18,800	SH		SOLE	3	18,800	0	0
FIREEYE	COM	31816Q101	2,902	161,339	SH		DFND		161,339	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	89	3,900	SH		SOLE	3	3,900	0	0
FIRST POTOMAC RLTY	COM	33610F109	18	2,000	SH		SOLE	3	2,000	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	220	3,300	SH		SOLE	3	3,300	0	0
FIRST SOLAR	COM	336433107	383	5,600	SH		SOLE	3	5,600	0	0
FIRSTENERGY	COM	337932107	357	9,935	SH		SOLE	3	9,935	0	0
FISERV	COM	337738108	6,662	64,940	SH		SOLE	3	64,940	0	0
FITBIT	CL A	33812L102	201	13,321	SH		DFND		13,321	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	268	1,800	SH		SOLE	3	1,800	0	0
FLEXTRONICS INTL	ORD	Y2573F102	159	13,200	SH		SOLE	3	13,200	0	0
FLIR SYS	COM	302445101	105	3,200	SH		SOLE	3	3,200	0	0
FLOWSERVE	COM	34354P105	142	3,200	SH		SOLE	3	3,200	0	0
FLUOR CORP	COM	343412102	1,254	23,350	SH		SOLE	3	23,350	0	0
FMC TECHNOLOGIES	COM	30249U101	140	5,100	SH		SOLE	3	5,100	0	0
FOOT LOCKER	COM	344849104	1,051	16,300	SH		SOLE	3	16,300	0	0
FOREST CITY RLTY TR INC	CL A	345605109	160	7,600	SH		SOLE	3	7,600	0	0
FORTINET	COM	34959E109	95	3,100	SH		SOLE	3	3,100	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	3,544	63,240	SH		OTR	3	63,240	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	280	5,000	SH		SOLE	3	5,000	0	0
FOUR CORNERS PPTY TR	COM	35086T109	11,761	655,184	SH		OTR	3	655,184	0	0
FOUR CORNERS PPTY TR	COM	35086T109	34	1,875	SH		SOLE	3	1,875	0	0
FRANKLIN RES	COM	354613101	367	9,400	SH		SOLE	3	9,400	0	0
FRANKLIN STREET PPTYS	COM	35471R106	32	3,000	SH		SOLE	3	3,000	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	155	27,763	SH		SOLE	3	27,763	0	0
GALLAGHER ARTHUR J &	COM	363576109	165	3,700	SH		SOLE	3	3,700	0	0
GAMESTOP CORP	CL A	36467W109	79	2,500	SH		SOLE	3	2,500	0	0
GAMING & LEISURE PPTYS	COM	36467J108	102	3,300	SH		SOLE	3	3,300	0	0
GAP INC	COM	364760108	1,532	52,110	SH		SOLE	3	52,110	0	0
GARMIN	SHS	H2906T109	112	2,800	SH		SOLE	3	2,800	0	0
GARTNER	COM	366651107	152	1,700	SH		SOLE	3	1,700	0	0
GENERAC HLDGS	COM	368736104	145	3,900	SH		SOLE	3	3,900	0	0
GENERAL DYNAMICS	COM	369550108	184	1,400	SH		OTR	3	1,400	0	0
GENERAL DYNAMICS	COM	369550108	828	6,300	SH		SOLE	3	6,300	0	0
GENERAL ELECTRIC	COM	369604103	4,441	139,700	SH		OTR	3	139,700	0	0
GENERAL ELECTRIC	COM	369604103	7,684	241,700	SH		SOLE	3	241,700	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	337,818	11,362,866	SH		OTR	3	11,362,866	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	1,114	37,478	SH		SOLE	3	37,478	0	0
GENERAL MLS	COM	370334104	1,558	24,600	SH		SOLE	3	24,600	0	0
GENERAL MTRS	COM	37045V100	12,310	391,671	SH		OTR	3	391,671	0	0
GENERAL MTRS	COM	37045V100	1,153	36,700	SH		SOLE	3	36,700	0	0
GENUINE PARTS	COM	372460105	358	3,600	SH		SOLE	3	3,600	0	0
GEO GROUP INC	COM	36162J106	90	2,600	SH		SOLE	3	2,600	0	0
GETTY RLTY CORP	COM	374297109	20	1,004	SH		SOLE	3	1,004	0	0
GILEAD SCIENCES	COM	375558103	3,987	43,406	SH		DFND		43,406	0	0
GILEAD SCIENCES	COM	375558103	92	1,000	SH		OTR	3	1,000	0	0
GILEAD SCIENCES	COM	375558103	16,452	179,100	SH		SOLE	3	179,100	0	0
GLADSTONE COML	COM	376536108	13	800	SH		SOLE	3	800	0	0
GLOBAL NET LEASE	COM	379378102	50	5,800	SH		SOLE	3	5,800	0	0
GLOBAL PMTS	COM	37940X102	4,080	62,488	SH		OTR	3	62,488	0	0
GLOBAL PMTS	COM	37940X102	176	2,700	SH		SOLE	3	2,700	0	0
GOGO	COM	38046C109	10	500	SH		DFND	4,1,2	500	0	0
GOGO	COM	38046C109	45	1,000	SH		DFND	4,1,2	1,000	0	0
GOGO	COM	38046C109	1,926	175,000	SH		DFND	4,1,2	175,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	8,163	52,000	SH		OTR	3	52,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,429	9,100	SH		SOLE	3	9,100	0	0
GOODYEAR TIRE & RUBR	COM	382550101	195	5,900	SH		SOLE	3	5,900	0	0
GOPRO	CL A	38268T103	451	37,773	SH		DFND		37,773	0	0
GRACE W R & CO DEL	COM	38388F108	114	1,600	SH		SOLE	3	1,600	0	0
GRAINGER W W	COM	384802104	93	400	SH		OTR	3	400	0	0
GRAINGER W W	COM	384802104	2,920	12,510	SH		SOLE	3	12,510	0	0
GRAMERCY PPTY	COM	385002100	124	14,721	SH		SOLE	3	14,721	0	0
GROUPON INC	CL A	399473107	423	106,030	SH		SOLE	3	106,030	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	1,185	26,000	SH		SOLE	3	26,000	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	1,447	52,700	SH		OTR	3	52,700	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	124	4,500	SH		SOLE	3	4,500	0	0
HALLIBURTON	COM	406216101	432	12,100	SH		DFND		12,100	0	0
HALLIBURTON	COM	406216101	822	23,000	SH		SOLE	3	23,000	0	0
HANESBRANDS	COM	410345102	255	9,000	SH		OTR	3	9,000	0	0
HANESBRANDS	COM	410345102	1,156	40,800	SH		SOLE	3	40,800	0	0
HARLEY DAVIDSON	COM	412822108	252	4,900	SH		SOLE	3	4,900	0	0
HARMAN INTL INDS	COM	413086109	142	1,600	SH		SOLE	3	1,600	0	0
HARRIS CORP	COM	413875105	226	2,900	SH		SOLE	3	2,900	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	194	4,200	SH		OTR	3	4,200	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	2,665	57,840	SH		SOLE	3	57,840	0	0
HASBRO	COM	418056107	1,314	16,400	SH		SOLE	3	16,400	0	0
HCA HOLDINGS	COM	40412C101	2,895	37,090	SH		SOLE	3	37,090	0	0
HCP	COM	40414L109	500,131	15,350,869	SH		OTR	3	15,350,869	0	0
HCP	COM	40414L109	968	29,700	SH		SOLE	3	29,700	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	905	14,680	SH		OTR	3	14,680	0	0
HEALTHCARE RLTY	COM	421946104	114	3,700	SH		SOLE	3	3,700	0	0
HELMERICH & PAYNE	COM	423452101	141	2,400	SH		SOLE	3	2,400	0	0
HERSHEY	COM	427866108	322	3,500	SH		SOLE	3	3,500	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	94	8,900	SH		SOLE	3	8,900	0	0
HESS	COM	42809H107	3,636	69,062	SH		OTR	3	69,062	0	0
HESS	COM	42809H107	342	6,500	SH		SOLE	3	6,500	0	0
HEWLETT PACKARD ENTERPRISE	COM	42824C109	741	41,800	SH		SOLE	3	41,800	0	0
HEXCEL CORP	COM	428291108	188	4,300	SH		SOLE	3	4,300	0	0
HIGHWOODS PPTYS	COM	431284108	146,636	3,067,058	SH		OTR	3	3,067,058	0	0
HIGHWOODS PPTYS	COM	431284108	163	3,400	SH		SOLE	3	3,400	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	6,321	280,680	SH		OTR	3	280,680	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	1,833	81,400	SH		SOLE	3	81,400	0	0
HOLLYFRONTIER	COM	436106108	1,060	30,000	SH		SOLE	3	30,000	0	0
HOLOGIC	COM	436440101	1,052	30,500	SH		SOLE	3	30,500	0	0
HOME DEPOT	COM	437076102	5,084	38,100	SH		OTR	3	38,100	0	0
HOME DEPOT	COM	437076102	24,211	181,450	SH		SOLE	3	181,450	0	0
HONEYWELL INTL	COM	438516106	10,809	96,466	SH		OTR	3	96,466	0	0
HONEYWELL INTL	COM	438516106	2,207	19,700	SH		SOLE	3	19,700	0	0
HORMEL FOODS	COM	440452100	1,652	38,200	SH		SOLE	3	38,200	0	0
HOST HOTELS & RESORTS	COM	44107P104	448,889	26,879,608	SH		OTR	3	26,879,608	0	0
HOST HOTELS & RESORTS	COM	44107P104	807	48,308	SH		SOLE	3	48,308	0	0
HP	COM	40434L105	515	41,800	SH		SOLE	3	41,800	0	0
HUDSON PAC PPTYS	COM	444097109	75	2,600	SH		SOLE	3	2,600	0	0
HUMANA	COM	444859102	622	3,400	SH		SOLE	3	3,400	0	0
HUNT J B TRANS SVCS	COM	445658107	194	2,300	SH		SOLE	3	2,300	0	0
HUNTINGTON BANCSHARES	COM	446150104	195	20,400	SH		OTR	3	20,400	0	0
HUNTINGTON BANCSHARES	COM	446150104	181	19,000	SH		SOLE	3	19,000	0	0
ICICI BK	ADR	45104G104	1,710	238,760	SH		OTR	3	238,760	0	0
ICICI BK	ADR	45104G104	2,986	417,100	SH		SOLE	3	417,100	0	0
IHS	CL A	451734107	2,016	16,240	SH		OTR	3	16,240	0	0
IHS	CL A	451734107	199	1,600	SH		SOLE	3	1,600	0	0
ILLINOIS TOOL WKS	COM	452308109	1,452	14,170	SH		SOLE	3	14,170	0	0
ILLUMINA	COM	452327109	632	3,900	SH		SOLE	3	3,900	0	0
IMS HEALTH HLDGS	COM	44970B109	93	3,500	SH		SOLE	3	3,500	0	0
INCYTE	COM	45337C102	1,486	20,500	SH		OTR	3	20,500	0	0
INCYTE	COM	45337C102	1,906	26,300	SH		SOLE	3	26,300	0	0
INDEPENDENCE RLTY TR	COM	45378A106	7	964	SH		SOLE	3	964	0	0
INFOSYS LTD	ADR	456788108	3,264	171,600	SH		SOLE	3	171,600	0	0
INGERSOLL-RAND	SHS	G47791101	412	6,644	SH		SOLE	3	6,644	0	0
INTEGRA LIFESCIENCES	HLDGS C NOTE 1.625%12/1	457985AK5	5,835	4,500,000	PRN		DFND	4,1,2	4,500,000	0	0
INTEL	COM	458140100	9,297	287,400	SH		OTR	3	287,400	0	0
INTEL	COM	458140100	10,271	317,500	SH		SOLE	3	317,500	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	16	69	SH		DFND	1,2	69	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	10,799	45,924	SH		OTR	3	45,924	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	660	2,805	SH		SOLE	3	2,805	0	0
INTERNATIONAL	COM	459506101	978	8,600	SH		SOLE	3	8,600	0	0
INTERNATIONAL BUSINESS	COM	459200101	5,437	35,900	SH		OTR	3	35,900	0	0
INTERNATIONAL BUSINESS	COM	459200101	3,423	22,600	SH		SOLE	3	22,600	0	0
INTERPUBLIC GROUP COS	COM	460690100	3,927	171,100	SH		OTR	3	171,100	0	0
INTERPUBLIC GROUP COS	COM	460690100	1,251	54,500	SH		SOLE	3	54,500	0	0
INTL PAPER	COM	460146103	382	9,300	SH		SOLE	3	9,300	0	0
INTUIT	COM	461202103	6,369	61,230	SH		SOLE	3	61,230	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	511	850	SH		SOLE	3	850	0	0
INVACARE	COM	461203101	284	21,585	SH		DFND	4,1,2	21,585	0	0
INVESCO	SHS	G491BT108	2,411	78,350	SH		OTR	3	78,350	0	0
INVESCO	SHS	G491BT108	325	10,550	SH		SOLE	3	10,550	0	0
IONIS PHARMACEUTICALS	COM	462222100	113	2,800	SH		SOLE	3	2,800	0	0
IROBOT	COM	462726100	321	9,100	SH		DFND		9,100	0	0
IRON MTN INC	COM	46284V101	388	11,428	SH		SOLE	3	11,428	0	0
ISHARES SILVER	CALL	46428Q909	367	25,000	SH		DFND		25,000	0	0
ISHARES TR	MSCI UAE ETF	46434V761	872	52,400	SH		SOLE	3	52,400	0	0
ITC HLDGS	COM	465685105	1,782	40,900	SH		SOLE	3	40,900	0	0
ITRON	COM	465741106	1,635	39,200	SH		OTR	3	39,200	0	0
JACOBS ENGR GROUP INC	COM	469814107	122	2,800	SH		SOLE	3	2,800	0	0
JAKKS PAC	COM	47012E106	717	96,449	SH		DFND	4,1,2	96,449	0	0
JARDEN	COM	471109108	277	4,700	SH		SOLE	3	4,700	0	0
JD COM INC SPON	CL A	47215P106	570	21,500	SH		SOLE	3	21,500	0	0
JETBLUE AIRWAYS	COM	477143101	775	36,700	SH		SOLE	3	36,700	0	0
JOHNSON &	COM	478160104	249	2,300	SH		OTR	3	2,300	0	0
JOHNSON &	COM	478160104	8,018	74,100	SH		SOLE	3	74,100	0	0
JOHNSON CTLS	COM	478366107	705	18,100	SH		SOLE	3	18,100	0	0
JONES LANG LASALLE	COM	48020Q107	117	1,000	SH		SOLE	3	1,000	0	0
JPMORGAN CHASE &	COM	46625H100	225	3,800	SH		OTR	3	3,800	0	0
JPMORGAN CHASE &	COM	46625H100	8,972	151,500	SH		OTR	3	151,500	0	0
JPMORGAN CHASE &	COM	46625H100	7,984	134,820	SH		SOLE	3	134,820	0	0
JUNIPER NETWORKS	COM	48203R104	2,296	90,000	SH		SOLE	3	90,000	0	0
KANSAS CITY	COM NEW	485170302	6,100	71,387	SH		OTR	3	71,387	0	0
KANSAS CITY	COM NEW	485170302	222	2,600	SH		SOLE	3	2,600	0	0
KATE SPADE &	COM	485865109	772	30,258	SH		DFND		30,258	0	0
KELLOGG	COM	487836108	478	6,250	SH		SOLE	3	6,250	0	0
KEYCORP	COM	493267108	215	19,500	SH		SOLE	3	19,500	0	0
KILROY RLTY	COM	49427F108	390,489	6,311,446	SH		OTR	3	6,311,446	0	0
KILROY RLTY	COM	49427F108	260	4,200	SH		SOLE	3	4,200	0	0
KIMBERLY CLARK	COM	494368103	1,150	8,550	SH		SOLE	3	8,550	0	0
KIMCO RLTY	COM	49446R109	771	26,800	SH		SOLE	3	26,800	0	0
KINDER MORGAN INC	COM	49456B101	790	1,000	SH		DFND	4,1,2	1,000	0	0
KINDER MORGAN INC	COM	49456B101	1,339	75,000	SH		DFND	4,1,2	75,000	0	0
KINDER MORGAN INC	COM	49456B101	794	44,477	SH		SOLE	3	44,477	0	0
KITE RLTY GROUP	COM NEW	49803T300	81	2,925	SH		SOLE	3	2,925	0	0
KLA-TENCOR	COM	482480100	251	3,450	SH		SOLE	3	3,450	0	0
KOHLS	COM	500255104	219	4,700	SH		SOLE	3	4,700	0	0
KRAFT HEINZ	COM	500754106	1,131	14,403	SH		SOLE	3	14,403	0	0
KROGER	COM	501044101	130	3,400	SH		OTR	3	3,400	0	0
KROGER	COM	501044101	3,343	87,400	SH		SOLE	3	87,400	0	0
L BRANDS	COM	501797104	5,361	61,055	SH		OTR	3	61,055	0	0
L BRANDS	COM	501797104	509	5,800	SH		SOLE	3	5,800	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	53	450	SH		OTR	3	450	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	225	1,900	SH		SOLE	3	1,900	0	0
LABORATORY CORP AMER	COM NEW	50540R409	1,183	10,100	SH		SOLE	3	10,100	0	0
LAM RESEARCH	COM	512807108	314	3,800	SH		SOLE	3	3,800	0	0
LAS VEGAS SANDS	COM	517834107	2,160	41,800	SH		SOLE	3	41,800	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	63	9,000	SH		SOLE	3	9,000	0	0
LAUDER ESTEE COS	CL A	518439104	10,493	111,265	SH		OTR	3	111,265	0	0
LAUDER ESTEE COS	CL A	518439104	2,018	21,400	SH		SOLE	3	21,400	0	0
LEAR	COM NEW	521865204	211	1,900	SH		SOLE	3	1,900	0	0
LEGG MASON	COM	524901105	85	2,450	SH		SOLE	3	2,450	0	0
LEGGETT & PLATT	COM	524660107	586	12,100	SH		SOLE	3	12,100	0	0
LENNAR	CL A	526057104	203	4,200	SH		SOLE	3	4,200	0	0
LEUCADIA NATL	COM	527288104	113	7,000	SH		SOLE	3	7,000	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	370	7,000	SH		SOLE	3	7,000	0	0
LEXINGTON REALTY	COM	529043101	63	7,346	SH		SOLE	3	7,346	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	227	5,903	SH		SOLE	3	5,903	0	0
LIBERTY MEDIA CORP	CL A	531229102	89	2,300	SH		SOLE	3	2,300	0	0
LILLY ELI &	COM	532457108	8,047	111,750	SH		SOLE	3	111,750	0	0
LINCOLN NATL CORP	COM	534187109	229	5,849	SH		SOLE	3	5,849	0	0
LINEAR TECHNOLOGY	COM	535678106	1,029	23,100	SH		SOLE	3	23,100	0	0
LINKEDIN CORP	CL A	53578A108	3,629	31,739	SH		DFND		31,739	0	0
LINKEDIN CORP	CL A	53578A108	309	2,700	SH		SOLE	3	2,700	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	1,448	64,900	SH		OTR	3	64,900	0	0
LKQ	COM	501889208	233	7,300	SH		SOLE	3	7,300	0	0
LOCKHEED MARTIN	COM	539830109	4,076	18,400	SH		OTR	3	18,400	0	0
LOCKHEED MARTIN	COM	539830109	13,567	61,250	SH		SOLE	3	61,250	0	0
LOEWS	COM	540424108	1,543	40,340	SH		SOLE	3	40,340	0	0
LOWES COS	COM	548661107	13,087	172,770	SH		SOLE	3	172,770	0	0
LTC PPTYS	COM	502175102	59	1,300	SH		SOLE	3	1,300	0	0
LULULEMON ATHLETICA	COM	550021109	369	5,450	SH		SOLE	3	5,450	0	0
M & T BK	COM	55261F104	383	3,451	SH		SOLE	3	3,451	0	0
MACERICH	COM	554382101	26,261	331,417	SH		OTR	3	331,417	0	0
MACERICH	COM	554382101	1,406	17,745	SH		SOLE	3	17,745	0	0
MACK CALI RLTY	COM	554489104	73	3,100	SH		SOLE	3	3,100	0	0
MACQUARIE INFRASTRUCTURE	COM	55608B105	316	4,700	SH		DFND	4,1,2	4,700	0	0
MACYS	COM	55616P104	842	19,098	SH		SOLE	3	19,098	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	165	2,700	SH		SOLE	3	2,700	0	0
MANPOWERGROUP	COM	56418H100	147	1,800	SH		SOLE	3	1,800	0	0
MARATHON OIL	COM	565849106	212	19,000	SH		SOLE	3	19,000	0	0
MARATHON PETE	COM	56585A102	123	3,300	SH		OTR	3	3,300	0	0
MARATHON PETE	COM	56585A102	468	12,600	SH		SOLE	3	12,600	0	0
MARKEL	COM	570535104	290	325	SH		SOLE	3	325	0	0
MARRIOTT INTL INC	CL A	571903202	648	9,107	SH		SOLE	3	9,107	0	0
MARSH & MCLENNAN COS	COM	571748102	754	12,400	SH		SOLE	3	12,400	0	0
MARTIN MARIETTA MATLS	COM	573284106	207	1,300	SH		SOLE	3	1,300	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	92	8,900	SH		SOLE	3	8,900	0	0
MASCO	COM	574599106	1,701	54,100	SH		SOLE	3	54,100	0	0
MASTERCARD	CL A	57636Q104	77	500	SH		DFND	4,1,2	500	0	0
MASTERCARD	CL A	57636Q104	2,598	27,500	SH		DFND	4,1,2	27,500	0	0
MASTERCARD	CL A	57636Q104	3,893	41,200	SH		OTR	3	41,200	0	0
MASTERCARD	CL A	57636Q104	12,724	134,650	SH		SOLE	3	134,650	0	0
MATTEL	COM	577081102	262	7,800	SH		SOLE	3	7,800	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	1,368	37,200	SH		SOLE	3	37,200	0	0
MCDONALDS	COM	580135101	25,248	200,890	SH		SOLE	3	200,890	0	0
MCGRAW HILL FINL	COM	580645109	643	6,500	SH		SOLE	3	6,500	0	0
MCKESSON	COM	58155Q103	841	5,350	SH		SOLE	3	5,350	0	0
MEAD JOHNSON NUTRITION	COM	582839106	399	4,700	SH		SOLE	3	4,700	0	0
MEDICAL PPTYS TRUST	COM	58463J304	109	8,400	SH		SOLE	3	8,400	0	0
MEDIVATION	COM	58501N101	156	3,400	SH		SOLE	3	3,400	0	0
MEDNAX	COM	58502B106	458	7,080	SH		SOLE	3	7,080	0	0
MEDTRONIC	SHS	G5960L103	241	3,216	SH		OTR	3	3,216	0	0
MEDTRONIC	SHS	G5960L103	2,475	32,994	SH		SOLE	3	32,994	0	0
MELCO CROWN ENTMT	ADR	585464100	124	7,500	SH		SOLE	3	7,500	0	0
MERCK & CO INC	COM	58933Y105	3,699	69,908	SH		OTR	3	69,908	0	0
MERCK & CO INC	COM	58933Y105	3,463	65,458	SH		SOLE	3	65,458	0	0
METLIFE	COM	59156R108	969	22,050	SH		SOLE	3	22,050	0	0
METTLER TOLEDO	COM	592688105	983	2,850	SH		SOLE	3	2,850	0	0
MGM RESORTS	COM	552953101	234	10,900	SH		SOLE	3	10,900	0	0
MICHAEL KORS HLDGS	SHS	G60754101	2,227	39,100	SH		DFND		39,100	0	0
MICHAEL KORS HLDGS	SHS	G60754101	273	4,800	SH		SOLE	3	4,800	0	0
MICROCHIP TECHNOLOGY	COM	595017104	415	8,600	SH		SOLE	3	8,600	0	0
MICROCHIP TECHNOLOGY INC	NOTE 1.625% 2/1 ADDED	595017AD6	10,212	10,000,000	PRN		DFND	4,1,2	10,000,000	0	0
MICRON TECHNOLOGY	COM	595112103	261	24,900	SH		SOLE	3	24,900	0	0
MICROSOFT	COM	594918104	1	1,000	SH		DFND	4,1,2	1,000	0	0
MICROSOFT	COM	594918104	22,678	410,617	SH		OTR	3	410,617	0	0
MICROSOFT	COM	594918104	15,793	285,950	SH		SOLE	3	285,950	0	0
MID-AMER APT CMNTYS	COM	59522J103	507	4,956	SH		SOLE	3	4,956	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	1,723	213,000	SH		OTR	3	213,000	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	199	24,550	SH		SOLE	3	24,550	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	1,516	40,675	SH		DFND		40,675	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	63	1,700	SH		SOLE	3	1,700	0	0
MOHAWK INDS	COM	608190104	1,718	9,000	SH		SOLE	3	9,000	0	0
MONDELEZ INTL	CL A	609207105	14,657	365,317	SH		OTR	3	365,317	0	0
MONDELEZ INTL	CL A	609207105	4,778	119,091	SH		SOLE	3	119,091	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	26	2,200	SH		SOLE	3	2,200	0	0
MONOGRAM RESIDENTIAL TR	COM	60979P105	58	5,900	SH		SOLE	3	5,900	0	0
MONSANTO CO	COM	61166W101	79	900	SH		OTR	3	900	0	0
MONSANTO CO	COM	61166W101	3,236	36,886	SH		SOLE	3	36,886	0	0
MONSTER BEVERAGE CORP	COM	61174X109	1,047	7,851	SH		OTR	3	7,851	0	0
MONSTER BEVERAGE CORP	COM	61174X109	2,027	15,200	SH		SOLE	3	15,200	0	0
MONSTER WORLDWIDE	COM	611742107	1	1,000	SH		DFND	4,1,2	1,000	0	0
MONSTER WORLDWIDE INC	NOTE 3.500%10/1	611742AB3	3,645	4,000,000	PRN		DFND	4,1,2	4,000,000	0	0
MOODYS	COM	615369105	406	4,200	SH		SOLE	3	4,200	0	0
MOOG	CL A	615394202	254	5,560	SH		SOLE	3	5,560	0	0
MORGAN	COM NEW	617446448	850	34,000	SH		SOLE	3	34,000	0	0
MOSAIC CO	COM	61945C103	366	13,550	SH		SOLE	3	13,550	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	2,662	35,163	SH		SOLE	3	35,163	0	0
MSCI	COM	55354G100	163	2,200	SH		SOLE	3	2,200	0	0
MURPHY OIL	COM	626717102	98	3,900	SH		SOLE	3	3,900	0	0
NASDAQ	COM	631103108	943	14,200	SH		SOLE	3	14,200	0	0
NATIONAL HEALTH INVS	COM	63633D104	86	1,300	SH		SOLE	3	1,300	0	0
NATIONAL HEALTH INVS	COM	63633D104	66	990	SH		SOLE	3	990	0	0
NATIONAL OILWELL VARCO	COM	637071101	1,760	56,600	SH		OTR	3	56,600	0	0
NATIONAL OILWELL VARCO	COM	637071101	474	15,233	SH		SOLE	3	15,233	0	0
NATIONAL RETAIL PPTYS	COM	637417106	209,483	4,534,266	SH		OTR	3	4,534,266	0	0
NATIONAL RETAIL PPTYS	COM	637417106	231	5,000	SH		SOLE	3	5,000	0	0
NAVIENT	COM	63938C108	119	9,900	SH		SOLE	3	9,900	0	0
NETAPP	COM	64110D104	1,274	46,670	SH		SOLE	3	46,670	0	0
NETEASE INC	ADR	64110W102	172	1,200	SH		SOLE	3	1,200	0	0
NETFLIX	COM	64110L106	4,529	44,300	SH		SOLE	3	44,300	0	0
NETSUITE	COM	64118Q107	55	800	SH		SOLE	3	800	0	0
NEW ORIENTAL ED & TECH GRP I	ADR	647581107	163	4,700	SH		SOLE	3	4,700	0	0
NEW SR INVT GROUP	COM	648691103	32	3,100	SH		SOLE	3	3,100	0	0
NEW SR INVT GROUP	COM	648691103	34	3,315	SH		SOLE	3	3,315	0	0
NEW YORK CMNTY BANCORP	COM	649445103	172	10,800	SH		SOLE	3	10,800	0	0
NEW YORK REIT	COM	64976L109	58	5,700	SH		SOLE	3	5,700	0	0
NEWELL RUBBERMAID	COM	651229106	1,284	29,000	SH		SOLE	3	29,000	0	0
NEWMONT MINING	COM	651639106	330	12,400	SH		SOLE	3	12,400	0	0
NEWS CORP	CL A	65249B109	117	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	291	2,462	SH		OTR	3	2,462	0	0
NEXTERA ENERGY	COM	65339F101	1,876	15,850	SH		SOLE	3	15,850	0	0
NOBLE ENERGY	COM	655044105	314	10,000	SH		SOLE	3	10,000	0	0
NORDSON	COM	655663102	639	8,410	SH		SOLE	3	8,410	0	0
NORDSTROM	COM	655664100	183	3,200	SH		SOLE	3	3,200	0	0
NORFOLK SOUTHERN	COM	655844108	583	7,000	SH		SOLE	3	7,000	0	0
NORTHERN TR	COM	665859104	2,308	35,418	SH		OTR	3	35,418	0	0
NORTHERN TR	COM	665859104	339	5,200	SH		SOLE	3	5,200	0	0
NORTHROP GRUMMAN	COM	666807102	8,072	40,790	SH		SOLE	3	40,790	0	0
NORTHSTAR REALTY EUROPE	COM	66706L101	25	2,182	SH		SOLE	3	2,182	0	0
NORTHSTAR RLTY FIN	COM	66704R803	315	7,000	SH		DFND	4,1,2	7,000	0	0
NORTHSTAR RLTY FIN	COM	66704R803	87	6,650	SH		SOLE	3	6,650	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	1,576	28,500	SH		SOLE	3	28,500	0	0
NRG ENERGY	COM NEW	629377508	103	7,900	SH		SOLE	3	7,900	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	107	5,700	SH		SOLE	3	5,700	0	0
NUCOR	COM	670346105	388	8,200	SH		SOLE	3	8,200	0	0
NUVASIVE	COM	670704105	1,848	38,000	SH		DFND	4,1,2	38,000	0	0
NVIDIA	COM	67066G104	10	1,000	SH		DFND	4,1,2	1,000	0	0
NVIDIA	COM	67066G104	10,367	290,950	SH		SOLE	3	290,950	0	0
NVIDIA CORP	NOTE 1.000%12/0	67066GAC8	26,784	15,000,000	PRN		DFND	4,1,2	15,000,000	0	0
NVR	COM	62944T105	953	550	SH		SOLE	3	550	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	5,815	71,729	SH		OTR	3	71,729	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	454	5,600	SH		SOLE	3	5,600	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	4,502	16,450	SH		SOLE	3	16,450	0	0
OCCIDENTAL PETE CORP	COM	674599105	151	2,200	SH		OTR	3	2,200	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,221	17,850	SH		SOLE	3	17,850	0	0
OCEANEERING INTL	COM	675232102	544	16,360	SH		SOLE	3	16,360	0	0
OGE ENERGY	COM	670837103	120	4,200	SH		SOLE	3	4,200	0	0
OMEGA HEALTHCARE INVS	COM	681936100	370,186	10,486,843	SH		OTR	3	10,486,843	0	0
OMEGA HEALTHCARE INVS	COM	681936100	205	5,820	SH		SOLE	3	5,820	0	0
OMNICOM GROUP	COM	681919106	474	5,700	SH		SOLE	3	5,700	0	0
ONE LIBERTY PPTYS	COM	682406103	11	500	SH		SOLE	3	500	0	0
ONEOK INC	COM	682680103	152	5,100	SH		SOLE	3	5,100	0	0
ORACLE	COM	68389X105	3,731	91,200	SH		OTR	3	91,200	0	0
ORACLE	COM	68389X105	3,280	80,183	SH		SOLE	3	80,183	0	0
PACCAR	COM	693718108	450	8,237	SH		SOLE	3	8,237	0	0
PACKAGING CORP	COM	695156109	127	2,100	SH		SOLE	3	2,100	0	0
PALO ALTO NETWORKS	COM	697435105	1,305	8,000	SH		SOLE	3	8,000	0	0
PANDORA MEDIA	COM	698354107	2,560	286,132	SH		DFND		286,132	0	0
PANERA BREAD	CL A	69840W108	1,024	5,000	SH		SOLE	3	5,000	0	0
PARAMOUNT GROUP	COM	69924R108	30	1,883	SH		OTR	3	1,883	0	0
PARKER HANNIFIN	COM	701094104	686	6,180	SH		SOLE	3	6,180	0	0
PARKWAY PPTYS	COM	70159Q104	42	2,700	SH		SOLE	3	2,700	0	0
PATTERN ENERGY GROUP	CL A	70338P100	200	10,500	SH		SOLE	3	10,500	0	0
PATTERSON COMPANIES	COM	703395103	158	3,400	SH		OTR	3	3,400	0	0
PATTERSON COMPANIES	COM	703395103	363	7,800	SH		SOLE	3	7,800	0	0
PAYCHEX	COM	704326107	427	7,900	SH		SOLE	3	7,900	0	0
PAYPAL HLDGS	COM	70450Y103	986	25,550	SH		SOLE	3	25,550	0	0
PEBBLEBROOK HOTEL	COM	70509V100	73	2,500	SH		SOLE	3	2,500	0	0
PENTAIR	SHS	G7S00T104	227	4,180	SH		SOLE	3	4,180	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	116	7,300	SH		SOLE	3	7,300	0	0
PEPSICO	COM	713448108	3,546	34,600	SH		OTR	3	34,600	0	0
PEPSICO	COM	713448108	3,503	34,185	SH		SOLE	3	34,185	0	0
PERRIGO CO	SHS	G97822103	435	3,400	SH		SOLE	3	3,400	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	4,865	833,000	SH		SOLE	3	833,000	0	0
PFIZER	COM	717081103	4,117	138,900	SH		OTR	3	138,900	0	0
PFIZER	COM	717081103	17,734	598,321	SH		SOLE	3	598,321	0	0
PG&E	COM	69331C108	878	14,700	SH		SOLE	3	14,700	0	0
PHILIP MORRIS INTL	COM	718172109	14,201	144,750	SH		SOLE	3	144,750	0	0
PHILLIPS	COM	718546104	1,095	12,650	SH		SOLE	3	12,650	0	0
PHYSICIANS RLTY	COM	71943U104	18,603	1,001,256	SH		OTR	3	1,001,256	0	0
PHYSICIANS RLTY	COM	71943U104	69	3,700	SH		SOLE	3	3,700	0	0
PHYSICIANS RLTY	COM	71943U104	84	4,525	SH		SOLE	3	4,525	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	561	27,620	SH		SOLE	3	27,620	0	0
PINNACLE WEST CAP	COM	723484101	180	2,400	SH		SOLE	3	2,400	0	0
PIONEER NAT RES	COM	723787107	521	3,700	SH		SOLE	3	3,700	0	0
PNC FINL SVCS GROUP	COM	693475105	4,317	51,048	SH		OTR	3	51,048	0	0
PNC FINL SVCS GROUP	COM	693475105	1,086	12,846	SH		SOLE	3	12,846	0	0
POLARIS INDS	COM	731068102	148	1,500	SH		SOLE	3	1,500	0	0
POST PPTYS	COM	737464107	114	1,900	SH		SOLE	3	1,900	0	0
PPG INDS	COM	693506107	67	600	SH		OTR	3	600	0	0
PPG INDS	COM	693506107	691	6,200	SH		SOLE	3	6,200	0	0
PPL	COM	69351T106	605	15,900	SH		SOLE	3	15,900	0	0
PRAXAIR	COM	74005P104	755	6,600	SH		SOLE	3	6,600	0	0
PREFERRED APT CMNTYS	COM	74039L103	9	700	SH		SOLE	3	700	0	0
PRICE T ROWE GROUP	COM	74144T108	441	6,000	SH		SOLE	3	6,000	0	0
PRICELINE GRP	COM NEW	741503403	5,352	4,152	SH		OTR	3	4,152	0	0
PRICELINE GRP	COM NEW	741503403	8,855	6,870	SH		SOLE	3	6,870	0	0
PRICELINE GRP INC	NOTE 1.000% 3/1	741503AQ9	15,015	10,500,000	PRN		DFND	4,1,2	10,500,000	0	0
PRINCIPAL FINL GROUP	COM	74251V102	260	6,600	SH		SOLE	3	6,600	0	0
PROCTER & GAMBLE	COM	742718109	214	2,600	SH		OTR	3	2,600	0	0
PROCTER & GAMBLE	COM	742718109	5,633	68,437	SH		SOLE	3	68,437	0	0
PROGRESSIVE CORP	COM	743315103	3,156	89,800	SH		SOLE	3	89,800	0	0
PROLOGIS	COM	74340W103	329,280	7,453,153	SH		OTR	3	7,453,153	0	0
PROLOGIS	COM	74340W103	1,470	33,284	SH		SOLE	3	33,284	0	0
PRUDENTIAL FINL	COM	744320102	751	10,400	SH		SOLE	3	10,400	0	0
PS BUSINESS PKS INC	COM	69360J107	70	700	SH		SOLE	3	700	0	0
PUBLIC	COM	74460D109	690,594	2,503,694	SH		OTR	3	2,503,694	0	0
PUBLIC	COM	74460D109	3,148	11,414	SH		OTR	3	11,414	0	0
PUBLIC	COM	74460D109	7,654	27,750	SH		SOLE	3	27,750	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	556	11,800	SH		SOLE	3	11,800	0	0
PULTE GROUP	COM	745867101	138	7,400	SH		SOLE	3	7,400	0	0
PVH	COM	693656100	178	1,800	SH		SOLE	3	1,800	0	0
QORVO	COM	74736K101	171	3,400	SH		SOLE	3	3,400	0	0
QTS RLTY TR INC	CL A	74736A103	15,344	323,849	SH		OTR	3	323,849	0	0
QTS RLTY TR INC	CL A	74736A103	66	1,400	SH		SOLE	3	1,400	0	0
QUALCOMM	COM	747525103	123	2,400	SH		OTR	3	2,400	0	0
QUALCOMM	COM	747525103	4,207	82,270	SH		SOLE	3	82,270	0	0
QUANTA SVCS	COM	74762E102	115	5,100	SH		SOLE	3	5,100	0	0
QUEST DIAGNOSTICS	COM	74834L100	236	3,300	SH		SOLE	3	3,300	0	0
QUIDEL CORP	NOTE 3.250%12/1	74838JAA9	2,231	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	124	1,900	SH		SOLE	3	1,900	0	0
RALPH LAUREN	CL A	751212101	135	1,400	SH		SOLE	3	1,400	0	0
RANGE RES	COM	75281A109	130	4,000	SH		SOLE	3	4,000	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	143	3,000	SH		SOLE	3	3,000	0	0
RAYTHEON	COM NEW	755111507	9,645	78,655	SH		OTR	3	78,655	0	0
RAYTHEON	COM NEW	755111507	1,232	10,050	SH		SOLE	3	10,050	0	0
REALOGY HLDGS	COM	75605Y106	116	3,200	SH		SOLE	3	3,200	0	0
REALTY INCOME	COM	756109104	54,003	863,908	SH		OTR	3	863,908	0	0
REALTY INCOME	COM	756109104	1,010	16,150	SH		SOLE	3	16,150	0	0
RED HAT	COM	756577102	1,400	18,800	SH		DFND	4,1,2	18,800	0	0
RED HAT	COM	756577102	1,334	17,900	SH		SOLE	3	17,900	0	0
REGAL BELOIT	COM	758750103	132	2,100	SH		SOLE	3	2,100	0	0
REGENCY CTRS	COM	758849103	308,663	4,123,751	SH		OTR	3	4,123,751	0	0
REGENCY CTRS	COM	758849103	1,003	13,400	SH		SOLE	3	13,400	0	0
REGENERON	COM	75886F107	331	920	SH		DFND		920	0	0
REGENERON	COM	75886F107	1,840	5,105	SH		OTR	3	5,105	0	0
REGENERON	COM	75886F107	3,550	9,850	SH		SOLE	3	9,850	0	0
REGIONS FINL CORP	COM	7591EP100	240	30,535	SH		SOLE	3	30,535	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	1,330	11,100	SH		SOLE	3	11,100	0	0
REPUBLIC SVCS	COM	760759100	129	2,700	SH		OTR	3	2,700	0	0
REPUBLIC SVCS	COM	760759100	281	5,900	SH		SOLE	3	5,900	0	0
RESMED	COM	761152107	821	14,200	SH		SOLE	3	14,200	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	70	3,500	SH		SOLE	3	3,500	0	0
RETAIL PPTYS AMER	CL A	76131V202	185,176	11,683,041	SH		OTR	3	11,683,041	0	0
RETAIL PPTYS AMER	CL A	76131V202	133	8,400	SH		SOLE	3	8,400	0	0
REXFORD INDL RLTY	COM	76169C100	36	2,000	SH		SOLE	3	2,000	0	0
REYNOLDS AMERICAN	COM	761713106	6,934	137,826	SH		SOLE	3	137,826	0	0
RITE AID	COM	767754104	172	21,100	SH		SOLE	3	21,100	0	0
RLJ LODGING	COM	74965L101	101	4,400	SH		SOLE	3	4,400	0	0
ROBERT HALF INTL	COM	770323103	144	3,100	SH		SOLE	3	3,100	0	0
ROCKWELL AUTOMATION	COM	773903109	540	4,750	SH		SOLE	3	4,750	0	0
ROCKWELL COLLINS	COM	774341101	295	3,200	SH		SOLE	3	3,200	0	0
ROPER TECHNOLOGIES	COM	776696106	512	2,800	SH		SOLE	3	2,800	0	0
ROSS STORES	COM	778296103	162	2,800	SH		OTR	3	2,800	0	0
ROSS STORES	COM	778296103	2,976	51,400	SH		SOLE	3	51,400	0	0
ROUSE PPTYS	COM	779287101	26	1,407	SH		SOLE	3	1,407	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	1,972	24,000	SH		SOLE	3	24,000	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	93	1,800	SH		SOLE	3	1,800	0	0
SABRA HEALTH CARE REIT	COM	78573L106	46	2,300	SH		SOLE	3	2,300	0	0
SABRA HEALTH CARE REIT	COM	78573L106	40	1,990	SH		SOLE	3	1,990	0	0
SABRE	COM	78573M104	133	4,600	SH		SOLE	3	4,600	0	0
SALESFORCE COM	COM	79466L302	863	11,699	SH		DFND		11,699	0	0
SALESFORCE COM	COM	79466L302	5,281	71,530	SH		OTR	3	71,530	0	0
SALESFORCE COM	COM	79466L302	1,085	14,700	SH		SOLE	3	14,700	0	0
SANDISK	COM	80004C101	365	4,800	SH		SOLE	3	4,800	0	0
SAUL CTRS	COM	804395101	21	400	SH		SOLE	3	400	0	0
SBA COMMUNICATIONS	COM	78388J106	1,555	15,526	SH		OTR	3	15,526	0	0
SBA COMMUNICATIONS	COM	78388J106	301	3,000	SH		SOLE	3	3,000	0	0
SCANA CORP	COM	80589M102	203	2,900	SH		SOLE	3	2,900	0	0
SCHEIN HENRY	COM	806407102	1,571	9,100	SH		SOLE	3	9,100	0	0
SCHLUMBERGER	COM	806857108	2,177	29,517	SH		SOLE	3	29,517	0	0
SCHWAB CHARLES CORP	COM	808513105	782	27,900	SH		SOLE	3	27,900	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	960	14,650	SH		SOLE	3	14,650	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	238	6,900	SH		SOLE	3	6,900	0	0
SEALED AIR CORP	COM	81211K100	1,409	29,340	SH		SOLE	3	29,340	0	0
SEI INVESTMENTS	COM	784117103	814	18,900	SH		SOLE	3	18,900	0	0
SEMPRA	COM	816851109	577	5,550	SH		SOLE	3	5,550	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	151	3,900	SH		SOLE	3	3,900	0	0
SERITAGE GROWTH	CL A	81752R100	25	500	SH		SOLE	3	500	0	0
SERVICENOW	COM	81762P102	5,659	92,500	SH		OTR	3	92,500	0	0
SERVICENOW	COM	81762P102	220	3,600	SH		SOLE	3	3,600	0	0
SHERWIN WILLIAMS	COM	824348106	2,107	7,400	SH		SOLE	3	7,400	0	0
SIGNATURE BK NEW YORK N	COM	82669G104	150	1,100	SH		SOLE	3	1,100	0	0
SIGNET JEWELERS	SHS	G81276100	1,079	8,700	SH		SOLE	3	8,700	0	0
SILVER BAY RLTY TR	COM	82735Q102	18	1,200	SH		SOLE	3	1,200	0	0
SIMON PPTY GROUP INC	COM	828806109	1,594,421	7,676,928	SH		OTR	3	7,676,928	0	0
SIMON PPTY GROUP INC	COM	828806109	4,045	19,478	SH		SOLE	3	19,478	0	0
SIRIUS XM HLDGS	COM	82968B103	2,629	665,490	SH		SOLE	3	665,490	0	0
SIX FLAGS ENTMT CORP	COM	83001A102	8,379	151,000	SH		SOLE	3	151,000	0	0
SKYWORKS SOLUTIONS	COM	83088M102	1,363	17,500	SH		SOLE	3	17,500	0	0
SL GREEN RLTY	COM	78440X101	308,400	3,183,319	SH		OTR	3	3,183,319	0	0
SL GREEN RLTY	COM	78440X101	630	6,500	SH		SOLE	3	6,500	0	0
SMUCKER J M	COM NEW	832696405	1,337	10,300	SH		SOLE	3	10,300	0	0
SNAP ON	COM	833034101	1,091	6,950	SH		SOLE	3	6,950	0	0
SOLARCITY	COM	83416T100	1,676	68,190	SH		DFND		68,190	0	0
SOUTHERN	COM	842587107	4,045	78,200	SH		SOLE	3	78,200	0	0
SOUTHERN COPPER	COM	84265V105	247	8,900	SH		SOLE	3	8,900	0	0
SOUTHWEST AIRLS	COM	844741108	3,145	70,200	SH		SOLE	3	70,200	0	0
SOUTHWESTERN ENERGY	COM	845467109	1,008	125,000	SH		DFND	4,1,2	125,000	0	0
SOUTHWESTERN ENERGY	COM	845467109	69	8,600	SH		SOLE	3	8,600	0	0
SOVRAN SELF STORAGE	COM	84610H108	165	1,400	SH		SOLE	3	1,400	0	0
SPDR GOLD TRUST	SHS	78463V107	471	4,000	SH		SOLE	3	4,000	0	0
SPECTRA ENERGY	COM	847560109	486	15,896	SH		SOLE	3	15,896	0	0
SPIRIT AIRLS	COM	848577102	2,159	45,000	SH		SOLE	3	45,000	0	0
SPIRIT RLTY CAP INC	COM	84860W102	244,807	21,760,659	SH		OTR	3	21,760,659	0	0
SPIRIT RLTY CAP INC	COM	84860W102	174	15,500	SH		SOLE	3	15,500	0	0
SPLUNK	COM	848637104	1,482	30,290	SH		DFND		30,290	0	0
SPLUNK	COM	848637104	137	2,800	SH		SOLE	3	2,800	0	0
ST JUDE MED	COM	790849103	363	6,600	SH		SOLE	3	6,600	0	0
STAG INDL	COM	85254J102	49	2,400	SH		SOLE	3	2,400	0	0
STANLEY BLACK & DECKER	COM	854502101	381	3,624	SH		SOLE	3	3,624	0	0
STAPLES	COM	855030102	159	14,400	SH		SOLE	3	14,400	0	0
STARBUCKS	COM	855244109	72	750	SH		DFND	4,1,2	750	0	0
STARBUCKS	COM	855244109	2,352	39,400	SH		DFND	4,1,2	39,400	0	0
STARBUCKS	COM	855244109	3,248	54,400	SH		OTR	3	54,400	0	0
STARBUCKS	COM	855244109	15,343	257,000	SH		SOLE	3	257,000	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	334	4,000	SH		SOLE	3	4,000	0	0
STARWOOD WAYPOINT RESIDENTL	NOTE 4.500%10/1	85571WAD1	7,183	7,000,000	PRN		DFND	4,1,2	7,000,000	0	0
STATE STR	COM	857477103	558	9,543	SH		SOLE	3	9,543	0	0
STERICYCLE	COM	858912108	252	2,000	SH		SOLE	3	2,000	0	0
STILLWATER MNG	COM	86074Q102	45	2,675	SH		DFND	4,1,2	2,675	0	0
STORE CAP	COM	862121100	132,041	5,102,039	SH		OTR	3	5,102,039	0	0
STORE CAP	COM	862121100	96	3,700	SH		SOLE	3	3,700	0	0
STRYKER	COM	863667101	848	7,900	SH		SOLE	3	7,900	0	0
SUMMIT HOTEL	COM	866082100	36	3,000	SH		SOLE	3	3,000	0	0
SUN CMNTYS	COM	866674104	220,635	3,081,068	SH		OTR	3	3,081,068	0	0
SUN CMNTYS	COM	866674104	158	2,200	SH		SOLE	3	2,200	0	0
SUNPOWER	COM	867652406	121	5,400	SH		SOLE	3	5,400	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	116,362	8,311,589	SH		OTR	3	8,311,589	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	107	7,638	SH		SOLE	3	7,638	0	0
SUNSTONE HOTEL INVS INC	NEW CV 8% CUM PFD-D	867892507	2,166	86,556	SH		OTR	3	0	0	0
SUNTRUST BKS	COM	867914103	427	11,848	SH		SOLE	3	11,848	0	0
SYMANTEC	COM	871503108	289	15,700	SH		SOLE	3	15,700	0	0
SYNCHRONY	COM	87165B103	550	19,200	SH		SOLE	3	19,200	0	0
SYNOPSYS	COM	871607107	765	15,800	SH		SOLE	3	15,800	0	0
SYSCO	COM	871829107	14	1,000	SH		DFND	4,1,2	1,000	0	0
SYSCO	COM	871829107	159	3,400	SH		OTR	3	3,400	0	0
SYSCO	COM	871829107	654	14,000	SH		SOLE	3	14,000	0	0
T MOBILE US	COM	872590104	262	6,850	SH		SOLE	3	6,850	0	0
TABLEAU SOFTWARE	CL A	87336U105	46	1,000	SH		SOLE	3	1,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	1,258	48,000	SH		SOLE	3	48,000	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	186	5,100	SH		SOLE	3	5,100	0	0
TARGET	COM	87612E106	4,632	56,300	SH		OTR	3	56,300	0	0
TARGET	COM	87612E106	4,344	52,800	SH		SOLE	3	52,800	0	0
TAUBMAN CTRS	COM	876664103	150	2,100	SH		SOLE	3	2,100	0	0
TD AMERITRADE HLDG	COM	87236Y108	199	6,300	SH		SOLE	3	6,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	328	5,300	SH		OTR	3	5,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	5,276	85,200	SH		OTR	3	85,200	0	0
TE CONNECTIVITY LTD	SHS	H84989104	574	9,275	SH		SOLE	3	9,275	0	0
TEGNA	COM	87901J105	106	4,500	SH		SOLE	3	4,500	0	0
TELEDYNE TECHNOLOGIES	COM	879360105	1,846	20,940	SH		OTR	3	20,940	0	0
TELEFLEX	COM	879369106	179	300	SH		DFND	4,1,2	300	0	0
TELEFLEX INC	NOTE 3.875% 8/0	879369AA4	84,818	33,541,000	PRN		DFND	4,1,2	33,541,000	0	0
TELEFONICA BRASIL SA	ADR	87936R106	15	1,200	SH		SOLE	3	1,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	1,836	146,960	SH		SOLE	3	146,960	0	0
TENET HEALTHCARE	COM NEW	88033G407	2,575	89,000	SH		OTR	3	89,000	0	0
TENNECO	COM	880349105	477	9,270	SH		SOLE	3	9,270	0	0
TERADATA CORP	COM	88076W103	92	3,500	SH		SOLE	3	3,500	0	0
TERRENO RLTY	COM	88146M101	35	1,500	SH		SOLE	3	1,500	0	0
TESLA MTRS	COM	88160R101	5,774	25,130	SH		DFND		25,130	0	0
TESLA MTRS	COM	88160R101	20	500	SH		DFND	4,1,2	500	0	0
TESLA MTRS	COM	88160R101	662	2,880	SH		SOLE	3	2,880	0	0
TESLA MTRS INC	NOTE 0.250% 3/0	88160RAB7	4,537	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
TESORO	COM	881609101	1,376	16,000	SH		SOLE	3	16,000	0	0
TEXAS INSTRS	COM	882508104	6,236	108,600	SH		SOLE	3	108,600	0	0
TEXTRON	COM	883203101	233	6,400	SH		SOLE	3	6,400	0	0
THE ADT	COM	00101J106	180	4,362	SH		SOLE	3	4,362	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	70	494	SH		OTR	3	494	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,317	9,300	SH		SOLE	3	9,300	0	0
TIFFANY & CO	COM	886547108	3,375	46,000	SH		OTR	3	46,000	0	0
TIFFANY & CO	COM	886547108	216	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	8	700	SH		SOLE	3	700	0	0
TIME WARNER	COM NEW	887317303	203	2,800	SH		OTR	3	2,800	0	0
TIME WARNER	COM NEW	887317303	1,473	20,299	SH		SOLE	3	20,299	0	0
TIME WARNER CABLE	COM	88732J207	1,353	6,610	SH		SOLE	3	6,610	0	0
TJX COS INC	COM	872540109	7,302	93,200	SH		SOLE	3	93,200	0	0
TOLL BROS FIN CORP	NOTE 0.500% 9/1	88947EAM2	7,332	7,500,000	PRN		DFND	4,1,2	7,500,000	0	0
TOLL BROTHERS	COM	889478103	7	1,565	SH		DFND	4,1,2	1,565	0	0
TOLL BROTHERS	COM	889478103	124	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	164	3,025	SH		SOLE	3	3,025	0	0
TOTAL SYS SVCS	COM	891906109	1,273	26,751	SH		SOLE	3	26,751	0	0
TRACTOR SUPPLY	COM	892356106	1,447	16,000	SH		SOLE	3	16,000	0	0
TRANSDIGM GROUP	COM	893641100	286	1,300	SH		SOLE	3	1,300	0	0
TRAVELERS COMPANIES	COM	89417E109	128	1,100	SH		OTR	3	1,100	0	0
TRAVELERS COMPANIES	COM	89417E109	7,939	68,023	SH		SOLE	3	68,023	0	0
TRIBUNE MEDIA	CL A	896047503	3,126	81,500	SH		OTR	3	81,500	0	0
TRIMBLE NAVIGATION	COM	896239100	154	6,200	SH		SOLE	3	6,200	0	0
TRIPADVISOR	COM	896945201	478	7,200	SH		DFND		7,200	0	0
TRIPADVISOR	COM	896945201	180	2,700	SH		SOLE	3	2,700	0	0
TRULIA INC	NOTE 2.750%12/1	897888AB9	11,067	9,500,000	PRN		DFND	4,1,2	9,500,000	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	2,008	72,020	SH		SOLE	3	72,020	0	0
TWITTER	COM	90184L102	3,936	237,877	SH		DFND		237,877	0	0
TWITTER	COM	90184L102	215	13,000	SH		SOLE	3	13,000	0	0
TYCO INTL	SHS	G91442106	372	10,125	SH		SOLE	3	10,125	0	0
TYSON FOODS	CL A	902494103	127	1,900	SH		OTR	3	1,900	0	0
TYSON FOODS	CL A	902494103	460	6,900	SH		SOLE	3	6,900	0	0
U S G	COM NEW	903293405	2,283	92,000	SH		OTR	3	92,000	0	0
UDR	COM	902653104	504,086	13,082,944	SH		OTR	3	13,082,944	0	0
UDR	COM	902653104	678	17,600	SH		SOLE	3	17,600	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	1,608	8,300	SH		SOLE	3	8,300	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	23	1,200	SH		SOLE	3	1,200	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	4,495	233,150	SH		SOLE	3	233,150	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	742	8,750	SH		DFND		8,750	0	0
UNDER ARMOUR	CL A	904311107	1,004	22,900	SH		SOLE	3	22,900	0	0
UNION PAC	COM	907818108	2,558	32,150	SH		OTR	3	32,150	0	0
UNION PAC	COM	907818108	1,595	20,050	SH		SOLE	3	20,050	0	0
UNITED CONTL HLDGS	COM	910047109	120	2,000	SH		SOLE	3	2,000	0	0
UNITED RENTALS	COM	911363109	989	15,900	SH		SOLE	3	15,900	0	0
UNITED TECHNOLOGIES	COM	913017109	2,387	23,850	SH		SOLE	3	23,850	0	0
UNITED THERAPEUTICS CORP	COM	91307C102	100	900	SH		SOLE	3	900	0	0
UNITEDHEALTH GROUP	COM	91324P102	11,069	85,873	SH		OTR	3	85,873	0	0
UNITEDHEALTH GROUP	COM	91324P102	13,873	107,626	SH		SOLE	3	107,626	0	0
UNIVERSAL DISPLAY	COM	91347P105	60	1,100	SH		SOLE	3	1,100	0	0
UNUM	COM	91529Y106	186	6,000	SH		SOLE	3	6,000	0	0
URBAN EDGE	COM	91704F104	84	3,243	SH		SOLE	3	3,243	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	21	1,000	SH		SOLE	3	1,000	0	0
URSTADT BIDDLE PPTYS INC	PFD-G CV 6.75%	917286809	1,673	62,425	SH		OTR	3	0	0	0
US BANCORP	COM NEW	902973304	1,656	40,800	SH		SOLE	3	40,800	0	0
V F	COM	918204108	5,048	77,955	SH		OTR	3	77,955	0	0
V F	COM	918204108	1,943	30,000	SH		SOLE	3	30,000	0	0
VALE S	ADR	91912E105	736	174,900	SH		SOLE	3	174,900	0	0
VALE S	ADR	91912E105	1,471	349,300	SH		SOLE	3	349,300	0	0
VALERO ENERGY CORP	COM	91913Y100	4,624	72,100	SH		OTR	3	72,100	0	0
VALERO ENERGY CORP	COM	91913Y100	2,246	35,012	SH		SOLE	3	35,012	0	0
VALIDUS HOLDINGS LTD	SHS	G9319H102	481	10,200	SH		SOLE	3	10,200	0	0
VANTIV	CL A	92210H105	997	18,500	SH		SOLE	3	18,500	0	0
VARIAN MED SYS	COM	92220P105	184	2,300	SH		SOLE	3	2,300	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	28,333	19,000,000	PRN		DFND	4,1,2	19,000,000	0	0
VENTAS	COM	92276F100	82,568	1,311,428	SH		OTR	3	1,311,428	0	0
VENTAS	COM	92276F100	1,336	21,224	SH		SOLE	3	21,224	0	0
VENTAS	COM	92276F100	88	1,400	SH		SOLE	3	1,400	0	0
VEREIT	COM	92339V100	497	56,074	SH		SOLE	3	56,074	0	0
VERISIGN	COM	92343E102	221	2,500	SH		SOLE	3	2,500	0	0
VERISIGN INC	SDCV 3.250% 8/1	92343EAD4	103,479	40,000,000	PRN		DFND	4,1,2	40,000,000	0	0
VERISK ANALYTICS	COM	92345Y106	296	3,700	SH		SOLE	3	3,700	0	0
VERIZON COMMUNICATIONS	COM	92343V104	2,677	49,500	SH		OTR	3	49,500	0	0
VERIZON COMMUNICATIONS	COM	92343V104	11,814	218,448	SH		SOLE	3	218,448	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	461	5,800	SH		SOLE	3	5,800	0	0
VIACOM INC	CL B	92553P201	341	8,271	SH		SOLE	3	8,271	0	0
VIPSHOP HLDGS LTD	ADR	92763W103	401	31,100	SH		SOLE	3	31,100	0	0
VISA INC	CL A	92826C839	239	3,130	SH		DFND		3,130	0	0
VISA INC	CL A	92826C839	6,283	82,158	SH		OTR	3	82,158	0	0
VISA INC	CL A	92826C839	17,556	229,550	SH		SOLE	3	229,550	0	0
VISHAY INTERTECHNOLOGY	COM	928298108	976	80,000	SH		DFND	4,1,2	80,000	0	0
VISTEON	COM NEW	92839U206	390	4,900	SH		SOLE	3	4,900	0	0
VITAMIN SHOPPE	COM	92849E101	10	717	SH		DFND	4,1,2	717	0	0
VMWARE INC CL	COM	928563402	110	2,100	SH		SOLE	3	2,100	0	0
VORNADO RLTY TR	SH BEN INT	929042109	581,528	6,158,295	SH		OTR	3	6,158,295	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,064	11,269	SH		SOLE	3	11,269	0	0
VOYA FINL	COM	929089100	164	5,500	SH		SOLE	3	5,500	0	0
VULCAN MATLS	COM	929160109	1,578	14,950	SH		SOLE	3	14,950	0	0
W P CAREY	COM	92936U109	280	4,500	SH		SOLE	3	4,500	0	0
WABCO HLDGS	COM	92927K102	5,287	49,450	SH		OTR	3	49,450	0	0
WABCO HLDGS	COM	92927K102	118	1,100	SH		SOLE	3	1,100	0	0
WABTEC	COM	929740108	182	2,300	SH		SOLE	3	2,300	0	0
WAL-MART STORES	COM	931142103	75	1,100	SH		OTR	3	1,100	0	0
WAL-MART STORES	COM	931142103	2,582	37,700	SH		SOLE	3	37,700	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	7,068	83,900	SH		SOLE	3	83,900	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	70	2,400	SH		SOLE	3	2,400	0	0
WASTE CONNECTIONS	COM	941053100	174	2,700	SH		SOLE	3	2,700	0	0
WASTE MGMT INC	COM	94106L109	690	11,700	SH		SOLE	3	11,700	0	0
WATERS	COM	941848103	1,016	7,700	SH		SOLE	3	7,700	0	0
WEATHERFORD INTL PLC	SHS	G48833100	165	21,200	SH		SOLE	3	21,200	0	0
WEC ENERGY GROUP	COM	92939U106	434	7,230	SH		SOLE	3	7,230	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	214	5,700	SH		SOLE	3	5,700	0	0
WELLS FARGO & CO	COM	949746101	9,630	199,126	SH		OTR	3	199,126	0	0
WELLS FARGO & CO	COM	949746101	5,494	113,609	SH		SOLE	3	113,609	0	0
WELLTOWER	COM	95040Q104	551,018	7,946,605	SH		OTR	3	7,946,605	0	0
WELLTOWER	COM	95040Q104	1,560	22,500	SH		SOLE	3	22,500	0	0
WELLTOWER	COM	95040Q104	55	800	SH		SOLE	3	800	0	0
WESTERN DIGITAL	COM	958102105	250	5,300	SH		SOLE	3	5,300	0	0
WESTERN UN	COM	959802109	906	46,946	SH		SOLE	3	46,946	0	0
WESTLAKE CHEM	COM	960413102	56	1,200	SH		SOLE	3	1,200	0	0
WESTROCK	COM	96145D105	228	5,842	SH		SOLE	3	5,842	0	0
WEYERHAEUSER	COM	962166104	574	18,518	SH		SOLE	3	18,518	0	0
WHIRLPOOL	COM	963320106	415	2,300	SH		SOLE	3	2,300	0	0
WHITESTONE	COM	966084204	13	1,000	SH		SOLE	3	1,000	0	0
WHITEWAVE FOODS	COM	966244105	158	3,900	SH		SOLE	3	3,900	0	0
WHOLE FOODS MKT	COM	966837106	725	23,300	SH		SOLE	3	23,300	0	0
WILLIAMS COS INC	COM	969457100	262	16,300	SH		SOLE	3	16,300	0	0
WILLIS TOWERS WATSON PUB	SHS	G96629103	356	2,996	SH		SOLE	3	2,996	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	16	1,200	SH		SOLE	3	1,200	0	0
WISDOMTREE INVTS	COM	97717P104	2,686	235,017	SH		OTR	3	235,017	0	0
WOODWARD	COM	980745103	182	3,500	SH		SOLE	3	3,500	0	0
WORKDAY	CL A	98138H101	6,174	80,350	SH		OTR	3	80,350	0	0
WORKDAY	CL A	98138H101	200	2,600	SH		SOLE	3	2,600	0	0
WP GLIMCHER	COM	92939N102	60	6,353	SH		SOLE	3	6,353	0	0
WYNDHAM WORLDWIDE	COM	98310W108	1,437	18,800	SH		SOLE	3	18,800	0	0
WYNN RESORTS	COM	983134107	187	2,000	SH		SOLE	3	2,000	0	0
XCEL ENERGY	COM	98389B100	493	11,800	SH		SOLE	3	11,800	0	0
XENIA HOTELS & RESORTS	COM	984017103	61	3,900	SH		SOLE	3	3,900	0	0
XEROX	COM	984121103	267	23,953	SH		SOLE	3	23,953	0	0
XILINX	COM	983919101	280	5,900	SH		SOLE	3	5,900	0	0
XILINX INC	NOTE 2.625% 6/1	983919AF8	16,456	10,000,000	PRN		DFND	4,1,2	10,000,000	0	0
XL GROUP	SHS	G98290102	1,082	29,400	SH		SOLE	3	29,400	0	0
XYLEM	COM	98419M100	155	3,800	SH		SOLE	3	3,800	0	0
YAHOO	COM	984332106	2,061	56,000	SH		DFND		56,000	0	0
YAHOO	COM	984332106	52	750	SH		DFND	4,1,2	750	0	0
YAHOO	COM	984332106	11	700	SH		DFND	4,1,2	700	0	0
YAHOO	COM	984332106	788	21,400	SH		SOLE	3	21,400	0	0
YAHOO INC	NOTE 12/0	984332AF3	24,781	25,000,000	PRN		DFND	4,1,2	25,000,000	0	0
YELP	CL A	985817105	1,636	82,300	SH		DFND		82,300	0	0
YOUKU TUDOU INC	ADR	98742U100	41	1,500	SH		SOLE	3	1,500	0	0
YUM BRANDS	COM	988498101	827	10,100	SH		SOLE	3	10,100	0	0
ZILLOW GROUP	CL A	98954M101	610	23,900	SH		DFND		23,900	0	0
ZILLOW GROUP	CL A	98954M101	100	500	SH		DFND	4,1,2	500	0	0
ZILLOW GROUP	CL A	98954M101	47	250	SH		DFND	4,1,2	250	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	43	1,800	SH		SOLE	3	1,800	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	469	4,400	SH		SOLE	3	4,400	0	0
ZOETIS	CL A	98978V103	492	11,100	SH		SOLE	3	11,100	0	0