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	48	1,000	SH		SOLE	3	1,000	0	0
ACADIA RLTY TR COM	SH BEN INT	004239109	107	2,941	SH		SOLE	3	2,941	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	7,421	70,156	SH		DFND		70,156	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	297	416	SH		DFND	4,1,2	416	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	2	2,000	SH		DFND	4,1,2	2,000	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	4	1,000	SH		DFND	4,1,2	1,000	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	4,442	41,990	SH		OTR	3	41,990	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	12,980	122,700	SH		SOLE	3	122,700	0	0
ALPHABET INC	CAP STK CL C	02079K107	1,632	2,100	SH		DFND		2,100	0	0
ALPHABET INC	CAP STK CL C	02079K107	15,648	20,132	SH		OTR	3	20,132	0	0
ALPHABET INC	CAP STK CL C	02079K107	6,683	8,598	SH		SOLE	3	8,598	0	0
BAIDU INC	SPON ADR REP A	056752108	3,685	20,238	SH		OTR	3	20,238	0	0
BAIDU INC	SPON ADR REP A	056752108	1,329	7,300	SH		SOLE	3	7,300	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	15,124	1,667,508	SH		SOLE	3	1,667,508	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	55	1,400	SH		SOLE	3	1,400	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	35	900	SH		SOLE	3	900	0	0
BERKSHIRE HATHAWAY INC	DEL CL B NEW	084670702	4,190	29,000	SH		SOLE	3	29,000	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	100	6,400	SH		SOLE	3	6,400	0	0
BRASKEM S A SP	ADR PFD A	105532105	540	35,100	SH		SOLE	3	35,100	0	0
BROWN FORMAN CORP	CL B	115637209	1,181	24,900	SH		SOLE	3	24,900	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	360,327	4,302,926	SH		OTR	3	4,302,926	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	745	8,900	SH		SOLE	3	8,900	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	491	10,050	SH		SOLE	3	10,050	0	0
CBS CORP NEW	CL B	124857202	1,661	30,341	SH		SOLE	3	30,341	0	0
CELANESE CORP DEL COM	SER A	150870103	240	3,600	SH		SOLE	3	3,600	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	25	3,000	SH		DFND	4,1,2	3,000	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	111	14,005	SH		SOLE	3	14,005	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	48	2,100	SH		SOLE	3	2,100	0	0
COMPANHIA ENERGETICA DE MINA SP	ADR N-V PFD	204409601	36	13,900	SH		SOLE	3	13,900	0	0
COMPANHIA ENERGETICA DE MINA SP	ADR N-V PFD	204409601	1,366	527,500	SH		SOLE	3	527,500	0	0
COMPANHIA PARANAENSE ENERG C SPON	ADR PFD	20441B407	467	45,000	SH		SOLE	3	45,000	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	99	3,500	SH		SOLE	3	3,500	0	0
DELL TECHNOLOGIES INC COM	CL V ADDED	24703L103	269	5,621	SH		SOLE	3	5,621	0	0
DISCOVERY COMMUNICATNS NEW COM	SER A	25470F104	98	3,640	SH		SOLE	3	3,640	0	0
DISCOVERY COMMUNICATNS NEW COM	SER C	25470F302	161	6,120	SH		SOLE	3	6,120	0	0
DISNEY WALT CO COM	DISNEY	254687106	682	7,353	SH		DFND		7,353	0	0
DISNEY WALT CO COM	DISNEY	254687106	204	2,200	SH		OTR	3	2,200	0	0
DISNEY WALT CO COM	DISNEY	254687106	3,593	38,690	SH		SOLE	3	38,690	0	0
EATON VANCE CORP COM	NON VTG	278265103	98	2,500	SH		SOLE	3	2,500	0	0
ECOPETROL S A	SPONSORED ADS	279158109	23	2,600	SH		SOLE	3	2,600	0	0
EPR PPTYS COM	SH BEN INT	26884U109	189	2,400	SH		SOLE	3	2,400	0	0
EQUINIX INC COM	PAR $0.001	29444U700	771,551	2,141,709	SH		OTR	3	2,141,709	0	0
EQUINIX INC COM	PAR $0.001	29444U700	617	1,712	SH		SOLE	3	1,712	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	141	4,675	SH		SOLE	3	4,675	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	443,754	6,898,094	SH		OTR	3	6,898,094	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	4,162	64,700	SH		SOLE	3	64,700	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	98,075	637,140	SH		OTR	3	637,140	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	1,047	6,800	SH		SOLE	3	6,800	0	0
FIRST TR EXCHANGE TRADED FD	ISE REVERE NAT	33733E807	8	300	SH		SOLE	3	300	0	0
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	19	700	SH		SOLE	3	700	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	179	1,950	SH		SOLE	3	1,950	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	387	32,101	SH		DFND		32,101	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	2,414	200,000	SH		DFND	4,1,2	200,000	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	334	3,000	SH		DFND	4,1,2	3,000	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	1,178	97,600	SH		OTR	3	97,600	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	1,103	91,423	SH		SOLE	3	91,423	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	165	15,280	SH		DFND		15,280	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	309	28,458	SH		SOLE	3	28,458	0	0
GERDAU S A SPON	ADR REP PFD	373737105	31	11,400	SH		SOLE	3	11,400	0	0
GERDAU S A SPON	ADR REP PFD	373737105	1,036	381,000	SH		SOLE	3	381,000	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	93	13,000	SH		SOLE	3	13,000	0	0
GLOBAL X FDS GLBX	MSCI COLUM	37950E200	1	100	SH		SOLE	3	100	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	57	2,500	SH		SOLE	3	2,500	0	0
GPO AEROPORTUARIO DEL PAC	SA SPON ADR B	400506101	28	300	SH		SOLE	3	300	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	235,093	7,207,027	SH		OTR	3	7,207,027	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	165	5,050	SH		SOLE	3	5,050	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	65	2,000	SH		SOLE	3	2,000	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	28	1,550	SH		SOLE	3	1,550	0	0
HOSPITALITY PPTYS	TR COM SH BEN INT	44106M102	181	6,100	SH		SOLE	3	6,100	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	26	4,300	SH		SOLE	3	4,300	0	0
ISHARES GL	MET&MINPR ETF	464286368	14	1,200	SH		SOLE	3	1,200	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	5,624	123,300	SH		SOLE	3	123,300	0	0
ISHARES MIN	VOL EMRG MKT	464286533	54	1,000	SH		SOLE	3	1,000	0	0
ISHARES MSCI	BRZ CAP ETF	464286400	476	14,100	SH		SOLE	3	14,100	0	0
ISHARES MSCI	CDA ETF	464286509	663	25,800	SH		SOLE	3	25,800	0	0
ISHARES MSCI	CH CAP ETF	464286640	4	100	SH		SOLE	3	100	0	0
ISHARES MSCI	PAC JP ETF	464286665	912	21,560	SH		SOLE	3	21,560	0	0
ISHARES MSCI	GERMANY ETF	464286806	289	11,000	SH		SOLE	3	11,000	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	18	1,000	SH		SOLE	3	1,000	0	0
ISHARES TR	CORE S&P500 ETF	464287200	1,175	5,400	SH		SOLE	3	5,400	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	160	1,300	SH		SOLE	3	1,300	0	0
ISHARES TR	GLOBAL ENERG ETF	464287341	10	300	SH		SOLE	3	300	0	0
ISHARES TR	U.S. BAS MTL ETF	464287838	16	200	SH		SOLE	3	200	0	0
ISHARES TR	INTL SEL DIV ETF	464288448	1,280	42,695	SH		SOLE	3	42,695	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	16,789	192,400	SH		SOLE	3	192,400	0	0
ISHARES TR	MIN VOL USA ETF	46429B697	150	3,300	SH		SOLE	3	3,300	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	328	30,000	SH		SOLE	3	30,000	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	12,449	1,137,894	SH		SOLE	3	1,137,894	0	0
JAZZ PHARMACEUTICALS	PLC SHS USD	G50871105	188	1,550	SH		SOLE	3	1,550	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	98	4,100	SH		SOLE	3	4,100	0	0
LIBERTY BROADBAND CORP COM	SER C	530307305	200	2,800	SH		SOLE	3	2,800	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	496	15,009	SH		SOLE	3	15,009	0	0
LIBERTY GLOBAL PLC	LILAC SHS CL C	G5480U153	72	2,572	SH		SOLE	3	2,572	0	0
LIBERTY INTERACTIVE CORP QVC GP COM	SER A	53071M104	203	10,150	SH		SOLE	3	10,150	0	0
LIBERTY MEDIA CORP DELAWARE COM	A SIRIUSXM	531229409	78	2,300	SH		SOLE	3	2,300	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	722	17,900	SH		SOLE	3	17,900	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	73	900	SH		OTR	3	900	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	3,222	39,950	SH		SOLE	3	39,950	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	1,804	18,050	SH		SOLE	3	18,050	0	0
MOLSON COORS BREWING CO	CL B	60871R209	505	4,600	SH		SOLE	3	4,600	0	0
MYLAN N V	SHS EURO	N59465109	2,323	60,950	SH		OTR	3	60,950	0	0
MYLAN N V	SHS EURO	N59465109	425	11,150	SH		SOLE	3	11,150	0	0
NATIONAL STORAGE AFFILIATES COM	SHS BEN IN	637870106	25	1,200	SH		SOLE	3	1,200	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	1,847	34,475	SH		OTR	3	34,475	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	466	8,700	SH		SOLE	3	8,700	0	0
NIKE INC	CL B	654106103	5,016	95,270	SH		OTR	3	95,270	0	0
NIKE INC	CL B	654106103	8,081	153,490	SH		SOLE	3	153,490	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	58	2,500	SH		SOLE	3	2,500	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	9,631	1,159,000	SH		SOLE	3	1,159,000	0	0
POWERSHARES DB CMDTY IDX	TRA UNIT BEN INT	73935S105	78	5,200	SH		SOLE	3	5,200	0	0
POWERSHARES ETF	TR II EMER MRKT PORT	73936T763	717	40,000	SH		SOLE	3	40,000	0	0
POWERSHARES ETF	TR II PWRSHS SP500 LOW	73937B654	27	700	SH		SOLE	3	700	0	0
POWERSHARES ETF	TR II S&P500 LOW VOL	73937B779	149	3,600	SH		SOLE	3	3,600	0	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	62	3,100	SH		SOLE	3	3,100	0	0
POWERSHS DB MULTI SECT COMM	DB BASE METALS	73936B705	10	700	SH		SOLE	3	700	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	17,963	958,528	SH		OTR	3	958,528	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	52	2,800	SH		SOLE	3	2,800	0	0
SELECT INCOME REIT COM	SH BEN INT	81618T100	62	2,300	SH		SOLE	3	2,300	0	0
SELECT SECTOR SPDR	TR SBI MATERIALS	81369Y100	24	500	SH		SOLE	3	500	0	0
SELECT SECTOR SPDR	TR SBI INT-ENERGY	81369Y506	42	600	SH		SOLE	3	600	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	198	8,700	SH		SOLE	3	8,700	0	0
SOCIEDAD QUIMICA MINERA DE C SPON	ADR SER B	833635105	54	2,000	SH		SOLE	3	2,000	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	795	4,350	SH		SOLE	3	4,350	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	432	2,000	SH		DFND		2,000	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	76	250	SH		DFND	4,1,2	250	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	11,269	52,100	SH		SOLE	3	52,100	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	34	1,300	SH		SOLE	3	1,300	0	0
SPDR SERIES TRUST S&P	OILGAS EXP	78464A730	8	200	SH		SOLE	3	200	0	0
SPRINT CORP	COM SER 1	85207U105	121	18,179	SH		SOLE	3	18,179	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	277	11,200	SH		SOLE	3	11,200	0	0
UNDER ARMOUR INC	CL C	904311206	446	13,200	SH		DFND		13,200	0	0
UNDER ARMOUR INC	CL C	904311206	143	4,229	SH		SOLE	3	4,229	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	2,001	18,300	SH		OTR	3	18,300	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,854	16,950	SH		SOLE	3	16,950	0	0
UNITED STATES NATL GAS	FUND UNIT PAR $0.001	912318201	18	2,200	SH		SOLE	3	2,200	0	0
UNITED STATES OIL	FUND LP UNITS	91232N108	73	6,700	SH		SOLE	3	6,700	0	0
UNITED STS BRENT OIL	FD LP UNIT	91167Q100	15	1,000	SH		SOLE	3	1,000	0	0
UNIVERSAL HEALTH RLTY	INCM T SH BEN INT	91359E105	32	500	SH		SOLE	3	500	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	271	2,200	SH		SOLE	3	2,200	0	0
VALE S A ADR	REPSTG PFD	91912E204	2,629	558,201	SH		SOLE	3	558,201	0	0
VANECK VECTORS ETF	TR RUSSIA ETF	92189F403	238	12,700	SH		SOLE	3	12,700	0	0
VANECK VECTORS ETF	TR AGRIBUSINESS ETF	92189F700	25	500	SH		SOLE	3	500	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	3	100	SH		SOLE	3	100	0	0
VANGUARD SCOTTSDALE FDS INT-TERM	CORP	92206C870	36	400	SH		SOLE	3	400	0	0
VANGUARD SCOTTSDALE FDS LG-TERM	COR BD	92206C813	38	400	SH		SOLE	3	400	0	0
VANGUARD SCOTTSDALE FDS SHRT	TRM CORP BD	92206C409	40	500	SH		SOLE	3	500	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	836	11,593	SH		SOLE	3	11,593	0	0
VIACOM INC	NEW CL B	92553P201	315	8,271	SH		SOLE	3	8,271	0	0
VORNADO RLTY TR	SH BEN INT	929042109	214,312	2,117,500	SH		OTR	3	2,117,500	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,626	16,069	SH		SOLE	3	16,069	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	87	2,800	SH		SOLE	3	2,800	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	499	12,800	SH		SOLE	3	12,800	0	0
***ERROR:MISSING***	***MISSING***	98954M200	346	10,000	SH		DFND	4,1,2	10,000	0	0
***ERROR:MISSING***	***MISSING***	98954M200	87	2,500	SH		SOLE	3	2,500	0	0
3-D SYS CORP	COM NEW	88554D205	1,160	64,650	SH		DFND		64,650	0	0
3M	COM	88579Y101	599	3,400	SH		OTR	3	3,400	0	0
3M	COM	88579Y101	15,577	88,390	SH		SOLE	3	88,390	0	0
54B * iSHARES MSCI	UNITED KINGDON ETF	46434V548	158	10,000	SH		SOLE	3	10,000	0	0
ABBOTT	COM	002824100	63	1,500	SH		OTR	3	1,500	0	0
ABBOTT	COM	002824100	1,514	35,800	SH		SOLE	3	35,800	0	0
ABBVIE	COM	00287Y109	700	11,100	SH		OTR	3	11,100	0	0
ABBVIE	COM	00287Y109	3,749	59,445	SH		SOLE	3	59,445	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	305	2,500	SH		OTR	3	2,500	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	2,805	22,963	SH		OTR	3	22,963	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	12,254	100,300	SH		SOLE	3	100,300	0	0
ACTIVISION BLIZZARD	COM	00507V109	3,597	81,200	SH		SOLE	3	81,200	0	0
ACUITY BRANDS	COM	00508Y102	1,905	7,200	SH		SOLE	3	7,200	0	0
ADOBE SYS	COM	00724F101	1,796	16,550	SH		SOLE	3	16,550	0	0
ADVANCE AUTO PARTS	COM	00751Y106	2,283	15,310	SH		OTR	3	15,310	0	0
ADVANCE AUTO PARTS	COM	00751Y106	268	1,800	SH		SOLE	3	1,800	0	0
ADVANCED ENERGY	COM	007973100	151	3,200	SH		SOLE	3	3,200	0	0
AERCAP HOLDINGS	SHS	N00985106	2,742	71,240	SH		OTR	3	71,240	0	0
AERCAP HOLDINGS	SHS	N00985106	158	4,100	SH		SOLE	3	4,100	0	0
AES	COM	00130H105	834	64,870	SH		SOLE	3	64,870	0	0
AETNA INC	COM	00817Y108	4,580	39,673	SH		SOLE	3	39,673	0	0
AFFILIATED MANAGERS	COM	008252108	188	1,300	SH		SOLE	3	1,300	0	0
AFLAC	COM	001055102	3,011	41,900	SH		OTR	3	41,900	0	0
AFLAC	COM	001055102	1,613	22,450	SH		SOLE	3	22,450	0	0
AGCO	COM	001084102	89	1,800	SH		SOLE	3	1,800	0	0
AGILENT TECHNOLOGIES	COM	00846U101	362	7,690	SH		SOLE	3	7,690	0	0
AGREE REALTY	COM	008492100	44	900	SH		SOLE	3	900	0	0
AIR LEASE	CL A	00912X302	2,048	71,670	SH		OTR	3	71,670	0	0
AIR PRODS & CHEMS	COM	009158106	125	900	SH		OTR	3	900	0	0
AIR PRODS & CHEMS	COM	009158106	702	5,050	SH		SOLE	3	5,050	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	223	4,200	SH		SOLE	3	4,200	0	0
ALASKA AIR GROUP	COM	011659109	165	2,500	SH		SOLE	3	2,500	0	0
ALBEMARLE	COM	012653101	248	2,900	SH		SOLE	3	2,900	0	0
ALEXANDERS	COM	014752109	42	100	SH		SOLE	3	100	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	330,401	3,037,608	SH		OTR	3	3,037,608	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	892	8,200	SH		SOLE	3	8,200	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	59	540	SH		SOLE	3	540	0	0
ALEXION PHARMACEUTICALS	COM	015351109	674	5,500	SH		SOLE	3	5,500	0	0
ALKERMES	SHS	G01767105	179	3,800	SH		SOLE	3	3,800	0	0
ALLEGHANY CORP	COM	017175100	1,145	2,180	SH		SOLE	3	2,180	0	0
ALLERGAN	SHS	G0177J108	1,888	8,200	SH		DFND	4,1,2	8,200	0	0
ALLERGAN	SHS	G0177J108	245	200	SH		DFND	4,1,2	200	0	0
ALLERGAN	SHS	G0177J108	8,381	36,392	SH		OTR	3	36,392	0	0
ALLERGAN	SHS	G0177J108	2,205	9,576	SH		SOLE	3	9,576	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	4,692	21,870	SH		OTR	3	21,870	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	300	1,400	SH		SOLE	3	1,400	0	0
ALLIANT ENERGY	COM	018802108	100	2,600	SH		OTR	3	2,600	0	0
ALLIANT ENERGY	COM	018802108	1,318	34,400	SH		SOLE	3	34,400	0	0
ALLSTATE	COM	020002101	2,963	42,830	SH		SOLE	3	42,830	0	0
ALLY FINL	COM	02005N100	210	10,800	SH		SOLE	3	10,800	0	0
ALNYLAM PHARMACEUTICALS	COM	02043Q107	122	1,800	SH		SOLE	3	1,800	0	0
ALPHABET INC CAP	CL A	02079K305	314	390	SH		OTR	3	390	0	0
ALPHABET INC CAP	CL A	02079K305	28,343	35,250	SH		SOLE	3	35,250	0	0
ALTRIA GROUP	COM	02209S103	3,218	50,900	SH		OTR	3	50,900	0	0
ALTRIA GROUP	COM	02209S103	20,793	328,850	SH		SOLE	3	328,850	0	0
AMAZON COM	COM	023135106	9,646	11,521	SH		DFND		11,521	0	0
AMAZON COM	COM	023135106	3,831	4,575	SH		OTR	3	4,575	0	0
AMAZON COM	COM	023135106	41,162	49,160	SH		SOLE	3	49,160	0	0
AMBARELLA	SHS	G037AX101	820	11,144	SH		DFND		11,144	0	0
AMBEV SA	ADR	02319V103	3,164	519,500	SH		SOLE	3	519,500	0	0
AMERCO	COM	023586100	55	170	SH		SOLE	3	170	0	0
AMEREN	COM	023608102	285	5,800	SH		SOLE	3	5,800	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	39	3,400	SH		SOLE	3	3,400	0	0
AMERICAN AIRLS GROUP	COM	02376R102	1,423	38,880	SH		SOLE	3	38,880	0	0
AMERICAN ASSETS TR	COM	024013104	65	1,500	SH		SOLE	3	1,500	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	205,372	4,037,194	SH		OTR	3	4,037,194	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	248	4,868	SH		SOLE	3	4,868	0	0
AMERICAN ELEC PWR	COM	025537101	941	14,650	SH		SOLE	3	14,650	0	0
AMERICAN EXPRESS	COM	025816109	1,335	20,840	SH		SOLE	3	20,840	0	0
AMERICAN HOMES 4	CL A	02665T306	188,148	8,694,442	SH		OTR	3	8,694,442	0	0
AMERICAN HOMES 4	CL A	02665T306	167	7,708	SH		SOLE	3	7,708	0	0
AMERICAN INTL GROUP	COM NEW	026874784	3,418	57,600	SH		OTR	3	57,600	0	0
AMERICAN INTL GROUP	COM NEW	026874784	4,241	71,462	SH		SOLE	3	71,462	0	0
AMERICAN TOWER CORP	COM	03027X100	1,179	10,400	SH		SOLE	3	10,400	0	0
AMERICAN WTR WKS CO INC	COM	030420103	2,661	35,550	SH		SOLE	3	35,550	0	0
AMERIPRISE FINL	COM	03076C106	170	1,700	SH		OTR	3	1,700	0	0
AMERIPRISE FINL	COM	03076C106	1,273	12,760	SH		SOLE	3	12,760	0	0
AMERISOURCEBERGEN	COM	03073E105	1,746	21,620	SH		SOLE	3	21,620	0	0
AMETEK INC	COM	031100100	301	6,310	SH		OTR	3	6,310	0	0
AMETEK INC	COM	031100100	272	5,700	SH		SOLE	3	5,700	0	0
AMGEN	COM	031162100	901	5,400	SH		OTR	3	5,400	0	0
AMGEN	COM	031162100	3,089	18,520	SH		SOLE	3	18,520	0	0
AMPHENOL CORP	CL A	032095101	480	7,400	SH		SOLE	3	7,400	0	0
ANADARKO PETE	COM	032511107	1,867	29,470	SH		OTR	3	29,470	0	0
ANADARKO PETE	COM	032511107	862	13,600	SH		SOLE	3	13,600	0	0
ANALOG DEVICES	COM	032654105	213	3,300	SH		OTR	3	3,300	0	0
ANALOG DEVICES	COM	032654105	477	7,400	SH		SOLE	3	7,400	0	0
ANNALY CAP MGMT	COM	035710409	1,583	150,800	SH		SOLE	3	150,800	0	0
ANSYS	COM	03662Q105	213	2,300	SH		SOLE	3	2,300	0	0
ANTERO RES	COM	03674X106	92	3,400	SH		SOLE	3	3,400	0	0
ANTHEM	COM	036752103	2,506	20,000	SH		OTR	3	20,000	0	0
ANTHEM	COM	036752103	815	6,500	SH		SOLE	3	6,500	0	0
ANWORTH MORTGAGE ASSET	COM	037347101	222	45,100	SH		SOLE	3	45,100	0	0
AON PLC	CL A	G0408V102	2,812	25,000	SH		OTR	3	25,000	0	0
AON PLC	CL A	G0408V102	866	7,700	SH		SOLE	3	7,700	0	0
APACHE	COM	037411105	1,026	16,060	SH		SOLE	3	16,060	0	0
APARTMENT INVT & MGMT	CL A	03748R101	382,012	8,320,898	SH		OTR	3	8,320,898	0	0
APARTMENT INVT & MGMT	CL A	03748R101	615	13,392	SH		SOLE	3	13,392	0	0
APARTMENT INVT & MGMT CO	PFD CL A 6.875%	03748R762	3,317	117,831	SH		OTR	3	0	0	0
APPLE	COM	037833100	6,199	54,842	SH		DFND		54,842	0	0
APPLE	COM	037833100	5,833	51,600	SH		OTR	3	51,600	0	0
APPLE	COM	037833100	16,075	142,190	SH		SOLE	3	142,190	0	0
APPLE HOSPITALITY REIT	COM NEW	03784Y200	107	5,800	SH		SOLE	3	5,800	0	0
APPLIED MATLS	COM	038222105	2,476	82,120	SH		SOLE	3	82,120	0	0
ARAMARK HLDGS CORP	COM	03852U106	350	9,200	SH		SOLE	3	9,200	0	0
ARCH CAP GROUP	ORD	G0450A105	3,234	40,800	SH		SOLE	3	40,800	0	0
ARCHER DANIELS MIDLAND	COM	039483102	1,867	44,270	SH		SOLE	3	44,270	0	0
ARES CAP	COM	04010L103	1	750	SH		DFND	4,1,2	750	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	15	1,100	SH		SOLE	3	1,100	0	0
ARMOUR RESIDENTIAL REIT	COM NEW	042315507	426	18,890	SH		SOLE	3	18,890	0	0
ARROW ELECTRS	COM	042735100	134	2,100	SH		SOLE	3	2,100	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	15	1,073	SH		SOLE	3	1,073	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	17	2,900	SH		SOLE	3	2,900	0	0
ASHLAND GLOBAL HLDGS	COM	044186104	174	1,500	SH		SOLE	3	1,500	0	0
ASSURANT	COM	04621X108	1,042	11,300	SH		SOLE	3	11,300	0	0
AT&T	COM	00206R102	301	7,400	SH		OTR	3	7,400	0	0
AT&T	COM	00206R102	39,877	981,961	SH		SOLE	3	981,961	0	0
ATMOS ENERGY	COM	049560105	1,430	19,200	SH		SOLE	3	19,200	0	0
ATRION	COM	049904105	542	1,271	SH		SOLE	3	1,271	0	0
AUTODESK	COM	052769106	358	4,950	SH		SOLE	3	4,950	0	0
AUTOLIV	COM	052800109	230	2,150	SH		SOLE	3	2,150	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	2,174	24,650	SH		SOLE	3	24,650	0	0
AUTONATION	COM	05329W102	83	1,700	SH		SOLE	3	1,700	0	0
AUTOZONE	COM	053332102	2,297	2,990	SH		SOLE	3	2,990	0	0
AVALONBAY CMNTYS	COM	053484101	4,147	23,319	SH		SOLE	3	23,319	0	0
AVERY DENNISON	COM	053611109	1,042	13,400	SH		SOLE	3	13,400	0	0
AVIS BUDGET	COM	053774105	17	500	SH		SOLE	3	500	0	0
AVNET	COM	053807103	131	3,200	SH		SOLE	3	3,200	0	0
AXALTA COATING SYS	COM	G0750C108	153	5,400	SH		SOLE	3	5,400	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	1,733	31,900	SH		SOLE	3	31,900	0	0
B/E AEROSPACE	COM	073302101	132	2,550	SH		SOLE	3	2,550	0	0
BAKER HUGHES	COM	057224107	1,771	35,099	SH		OTR	3	35,099	0	0
BAKER HUGHES	COM	057224107	518	10,254	SH		SOLE	3	10,254	0	0
BALL	COM	058498106	331	4,038	SH		SOLE	3	4,038	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	23	1,100	SH		SOLE	3	1,100	0	0
BANK AMER	COM	060505104	9,934	634,772	SH		OTR	3	634,772	0	0
BANK AMER	COM	060505104	3,991	255,014	SH		SOLE	3	255,014	0	0
BANK NEW YORK MELLON	COM	064058100	1,082	27,121	SH		SOLE	3	27,121	0	0
BARD C R	COM	067383109	2,754	12,280	SH		SOLE	3	12,280	0	0
BAXTER INTL	COM	071813109	2,185	45,900	SH		OTR	3	45,900	0	0
BAXTER INTL	COM	071813109	3,346	70,300	SH		SOLE	3	70,300	0	0
BB&T	COM	054937107	762	20,200	SH		SOLE	3	20,200	0	0
BECTON DICKINSON &	COM	075887109	4,057	22,572	SH		OTR	3	22,572	0	0
BECTON DICKINSON &	COM	075887109	4,846	26,960	SH		SOLE	3	26,960	0	0
BED BATH & BEYOND	COM	075896100	856	19,850	SH		SOLE	3	19,850	0	0
BERKLEY W R	COM	084423102	133	2,300	SH		SOLE	3	2,300	0	0
BEST BUY	COM	086516101	290	7,600	SH		SOLE	3	7,600	0	0
BIOGEN	COM	09062X103	5,415	17,300	SH		SOLE	3	17,300	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	352	3,800	SH		SOLE	3	3,800	0	0
BLACKROCK	COM	09247X101	10,078	27,804	SH		OTR	3	27,804	0	0
BLACKROCK	COM	09247X101	2,139	5,900	SH		SOLE	3	5,900	0	0
BLOCK H & R	COM	093671105	125	5,400	SH		SOLE	3	5,400	0	0
BLUEROCK RESIDENTIAL GRW REI	CL A	09627J102	8	600	SH		SOLE	3	600	0	0
BOB EVANS FARMS	COM	096761101	272	7,100	SH		SOLE	3	7,100	0	0
BOEING	COM	097023105	2,543	19,300	SH		OTR	3	19,300	0	0
BOEING	COM	097023105	6,972	52,920	SH		SOLE	3	52,920	0	0
BORGWARNER	COM	099724106	179	5,100	SH		SOLE	3	5,100	0	0
BOSTON PROPERTIES	COM	101121101	1,888	13,850	SH		SOLE	3	13,850	0	0
BOSTON SCIENTIFIC	COM	101137107	2,463	103,500	SH		OTR	3	103,500	0	0
BOSTON SCIENTIFIC	COM	101137107	4,747	199,447	SH		SOLE	3	199,447	0	0
BRAVO BRIO RESTAURANT	COM	10567B109	116	24,200	SH		SOLE	3	24,200	0	0
BRF SA	ADR	10552T107	142	8,300	SH		SOLE	3	8,300	0	0
BRF SA	ADR	10552T107	6,854	401,759	SH		SOLE	3	401,759	0	0
BRINKER INTL	COM	109641100	368	7,300	SH		SOLE	3	7,300	0	0
BRISTOL MYERS SQUIBB	COM	110122108	7,461	138,370	SH		OTR	3	138,370	0	0
BRISTOL MYERS SQUIBB	COM	110122108	11,188	207,500	SH		SOLE	3	207,500	0	0
BRIXMOR PPTY GROUP	COM	11120U105	482,359	17,357,299	SH		OTR	3	17,357,299	0	0
BRIXMOR PPTY GROUP	COM	11120U105	472	17,000	SH		SOLE	3	17,000	0	0
BROADCOM	SHS	Y09827109	1,183	6,859	SH		DFND		6,859	0	0
BROADCOM	SHS	Y09827109	155	900	SH		OTR	3	900	0	0
BROADCOM	SHS	Y09827109	10,885	63,096	SH		SOLE	3	63,096	0	0
BROADRIDGE FINL SOLUTIONS	COM	11133T103	207	3,050	SH		SOLE	3	3,050	0	0
BROOKDALE SR LIVING INC	NOTE 2.750% 6/1	112463AA2	2,490	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
BUNGE	COM	G16962105	201	3,400	SH		SOLE	3	3,400	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	257	3,650	SH		SOLE	3	3,650	0	0
CA	COM	12673P105	126	582	SH		DFND	4,1,2	582	0	0
CA	COM	12673P105	218	1,416	SH		DFND	4,1,2	1,416	0	0
CA	COM	12673P105	255	7,705	SH		SOLE	3	7,705	0	0
CABOT OIL & GAS	COM	127097103	293	11,350	SH		SOLE	3	11,350	0	0
CADENCE DESIGN SYSTEM	COM	127387108	197	7,700	SH		SOLE	3	7,700	0	0
CALPINE	COM NEW	131347304	234	18,500	SH		SOLE	3	18,500	0	0
CAMPBELL SOUP	COM	134429109	2,259	41,300	SH		SOLE	3	41,300	0	0
CAPITAL ONE FINL	COM	14040H105	1,358	18,900	SH		OTR	3	18,900	0	0
CAPITAL ONE FINL	COM	14040H105	920	12,804	SH		SOLE	3	12,804	0	0
CARDINAL HEALTH	COM	14149Y108	194	2,500	SH		OTR	3	2,500	0	0
CARDINAL HEALTH	COM	14149Y108	614	7,900	SH		SOLE	3	7,900	0	0
CARE CAP PPTYS	COM	141624106	88	3,105	SH		SOLE	3	3,105	0	0
CARETRUST REIT	COM	14174T107	31	2,106	SH		SOLE	3	2,106	0	0
CARMAX	COM	143130102	3,895	73,000	SH		OTR	3	73,000	0	0
CARMAX	COM	143130102	560	10,500	SH		SOLE	3	10,500	0	0
CATERPILLAR INC	COM	149123101	3,142	35,400	SH		OTR	3	35,400	0	0
CATERPILLAR INC	COM	149123101	1,539	17,340	SH		SOLE	3	17,340	0	0
CBL & ASSOC PPTYS	COM	124830100	75	6,145	SH		SOLE	3	6,145	0	0
CBRE GROUP	CL A	12504L109	1,623	58,000	SH		OTR	3	58,000	0	0
CBRE GROUP	CL A	12504L109	210	7,500	SH		SOLE	3	7,500	0	0
CDK GLOBAL	COM	12508E101	310	5,400	SH		SOLE	3	5,400	0	0
CDW	COM	12514G108	1,436	31,400	SH		OTR	3	31,400	0	0
CDW	COM	12514G108	176	3,850	SH		SOLE	3	3,850	0	0
CEDAR REALTY TRUST	COM NEW	150602209	18	2,500	SH		SOLE	3	2,500	0	0
CELGENE	COM	151020104	1,965	18,800	SH		SOLE	3	18,800	0	0
CENCOSUD S A SPONSORED	ADS	15132H101	60	6,700	SH		SOLE	3	6,700	0	0
CENTENE CORP	COM	15135B101	281	4,200	SH		SOLE	3	4,200	0	0
CENTERPOINT ENERGY	COM	15189T107	3,108	133,800	SH		OTR	3	133,800	0	0
CENTERPOINT ENERGY	COM	15189T107	232	10,000	SH		SOLE	3	10,000	0	0
CENTURYLINK	COM	156700106	424	15,442	SH		SOLE	3	15,442	0	0
CERNER	COM	156782104	2,726	44,140	SH		OTR	3	44,140	0	0
CERNER	COM	156782104	463	7,500	SH		SOLE	3	7,500	0	0
CF INDS HLDGS	COM	125269100	127	5,200	SH		SOLE	3	5,200	0	0
CHARTER COMMUNICATIONS INC	CL A	16119P108	3,267	12,100	SH		OTR	3	12,100	0	0
CHARTER COMMUNICATIONS INC	CL A	16119P108	1,417	5,248	SH		SOLE	3	5,248	0	0
CHATHAM LODGING	COM	16208T102	25	1,300	SH		SOLE	3	1,300	0	0
CHECK POINT SOFTWARE TECH	ORD	M22465104	260	3,350	SH		SOLE	3	3,350	0	0
CHENIERE ENERGY	COM NEW	16411R208	227	5,200	SH		SOLE	3	5,200	0	0
CHEVRON CORP	COM	166764100	165	1,600	SH		OTR	3	1,600	0	0
CHEVRON CORP	COM	166764100	10,128	98,408	SH		SOLE	3	98,408	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	521	1,230	SH		SOLE	3	1,230	0	0
CHUBB	COM	H1467J104	314	2,500	SH		OTR	3	2,500	0	0
CHUBB	COM	H1467J104	1,434	11,409	SH		SOLE	3	11,409	0	0
CHURCH & DWIGHT	COM	171340102	1,763	36,800	SH		SOLE	3	36,800	0	0
CIGNA	COM	125509109	828	6,350	SH		SOLE	3	6,350	0	0
CIMAREX ENERGY	COM	171798101	296	2,200	SH		SOLE	3	2,200	0	0
CINCINNATI FINL	COM	172062101	4,854	64,365	SH		SOLE	3	64,365	0	0
CINTAS	COM	172908105	2,342	20,800	SH		SOLE	3	20,800	0	0
CISCO SYS	COM	17275R102	3,350	105,600	SH		OTR	3	105,600	0	0
CISCO SYS	COM	17275R102	6,469	203,940	SH		SOLE	3	203,940	0	0
CIT GROUP	COM NEW	125581801	171	4,700	SH		SOLE	3	4,700	0	0
CITIGROUP	COM NEW	172967424	3,618	76,600	SH		OTR	3	76,600	0	0
CITIGROUP	COM NEW	172967424	3,417	72,353	SH		SOLE	3	72,353	0	0
CITIZENS FINL GROUP	COM	174610105	316	12,800	SH		SOLE	3	12,800	0	0
CITRIX SYS	COM	177376100	337	3,950	SH		SOLE	3	3,950	0	0
CITY OFFICE REIT	COM	178587101	9	700	SH		SOLE	3	700	0	0
CLOROX CO	COM	189054109	1,922	15,350	SH		SOLE	3	15,350	0	0
CME GROUP	COM	12572Q105	868	8,300	SH		SOLE	3	8,300	0	0
CMS ENERGY	COM	125896100	290	6,900	SH		SOLE	3	6,900	0	0
COACH	COM	189754104	1,660	45,400	SH		SOLE	3	45,400	0	0
COCA COLA	COM	191216100	6,659	157,340	SH		SOLE	3	157,340	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	3,094	64,840	SH		OTR	3	64,840	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	699	14,650	SH		SOLE	3	14,650	0	0
COHERENT	COM	192479103	155	1,400	SH		SOLE	3	1,400	0	0
COLGATE PALMOLIVE	COM	194162103	8,253	111,310	SH		OTR	3	111,310	0	0
COLGATE PALMOLIVE	COM	194162103	13,568	183,000	SH		SOLE	3	183,000	0	0
COLONY STARWOOD	COM	19625X102	52	1,800	SH		SOLE	3	1,800	0	0
COLUMBIA PPTY TR	COM NEW	198287203	103	4,600	SH		SOLE	3	4,600	0	0
COMCAST CORP	CL A	20030N101	1,877	28,300	SH		OTR	3	28,300	0	0
COMCAST CORP	CL A	20030N101	6,791	102,370	SH		SOLE	3	102,370	0	0
COMERICA	COM	200340107	203	4,300	SH		SOLE	3	4,300	0	0
COMFORT SYS USA	COM	199908104	44	1,500	SH		SOLE	3	1,500	0	0
COMMSCOPE HLDG CO	COM	20337X109	1,382	45,900	SH		OTR	3	45,900	0	0
COMMUNITY HEALTHCARE TR	COM	20369C106	9	400	SH		SOLE	3	400	0	0
COMMUNITY HEALTHCARE TR	COM	20369C106	37	1,670	SH		SOLE	3	1,670	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	10	600	SH		SOLE	3	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	461	28,100	SH		SOLE	3	28,100	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	3,418	369,100	SH		SOLE	3	369,100	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	920	333,500	SH		SOLE	3	333,500	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	48	3,500	SH		SOLE	3	3,500	0	0
CONAGRA FOODS	COM	205887102	476	10,100	SH		SOLE	3	10,100	0	0
CONCHO RES	COM	20605P101	474	3,450	SH		SOLE	3	3,450	0	0
CONOCOPHILLIPS	COM	20825C104	70	1,600	SH		OTR	3	1,600	0	0
CONOCOPHILLIPS	COM	20825C104	1,324	30,450	SH		SOLE	3	30,450	0	0
CONSOLIDATED EDISON	COM	209115104	3,667	48,700	SH		SOLE	3	48,700	0	0
CONSTELLATION BRANDS	CL A	21036P108	4,890	29,370	SH		SOLE	3	29,370	0	0
CONTINENTAL RESOURCES	COM	212015101	109	2,100	SH		SOLE	3	2,100	0	0
COOPER COS	COM NEW	216648402	538	3,000	SH		SOLE	3	3,000	0	0
CORE LABORATORIES N	COM	N22717107	124	1,100	SH		SOLE	3	1,100	0	0
CORESITE RLTY	COM	21870Q105	96	1,300	SH		SOLE	3	1,300	0	0
CORNING	COM	219350105	1,788	75,600	SH		SOLE	3	75,600	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	59	4,235	SH		SOLE	3	4,235	0	0
COSTCO WHSL CORP	COM	22160K105	1,632	10,700	SH		SOLE	3	10,700	0	0
COTY INC	CL A	222070203	3,469	147,620	SH		OTR	3	147,620	0	0
COUSINS PPTYS	COM	222795106	59,194	8,033,011	SH		OTR	3	8,033,011	0	0
COUSINS PPTYS	COM	222795106	56	7,663	SH		SOLE	3	7,663	0	0
CPFL ENERGIA S A	ADR	126153105	673	45,444	SH		SOLE	3	45,444	0	0
CREDICORP	COM	G2519Y108	122	800	SH		SOLE	3	800	0	0
CREDICORP	COM	G2519Y108	122	800	SH		SOLE	3	800	0	0
CROWN CASTLE INTL CORP	COM	22822V101	255,994	2,717,275	SH		OTR	3	2,717,275	0	0
CROWN CASTLE INTL CORP	COM	22822V101	791	8,400	SH		SOLE	3	8,400	0	0
CROWN CASTLE INTL CORP	NEW CNV PFD STK SR A	22822V200	39,556	350,000	SH		DFND	4,1,2	350,000	0	0
CROWN HOLDINGS	COM	228368106	194	3,400	SH		SOLE	3	3,400	0	0
CSX	COM	126408103	204	6,700	SH		OTR	3	6,700	0	0
CSX	COM	126408103	820	26,900	SH		SOLE	3	26,900	0	0
CTRIP COM INTL LTD AMERICAN	SHS	22943F100	2,831	60,800	SH		SOLE	3	60,800	0	0
CUBESMART	COM	229663109	37,202	1,364,700	SH		OTR	3	1,364,700	0	0
CUBESMART	COM	229663109	183	6,700	SH		SOLE	3	6,700	0	0
CUMMINS	COM	231021106	3,319	25,900	SH		OTR	3	25,900	0	0
CUMMINS	COM	231021106	551	4,300	SH		SOLE	3	4,300	0	0
CVS HEALTH	COM	126650100	2,329	26,175	SH		OTR	3	26,175	0	0
CVS HEALTH	COM	126650100	11,055	124,224	SH		SOLE	3	124,224	0	0
CYRUSONE	COM	23283R100	133	2,800	SH		SOLE	3	2,800	0	0
D R HORTON	COM	23331A109	259	8,566	SH		SOLE	3	8,566	0	0
DANAHER CORP	COM	235851102	1,421	18,131	SH		OTR	3	18,131	0	0
DANAHER CORP	COM	235851102	1,195	15,250	SH		SOLE	3	15,250	0	0
DARDEN RESTAURANTS	COM	237194105	1,021	16,650	SH		SOLE	3	16,650	0	0
DAVITA	COM	23918K108	264	4,000	SH		SOLE	3	4,000	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	160	3,300	SH		SOLE	3	3,300	0	0
DDR	COM	23317H102	289,366	16,601,609	SH		OTR	3	16,601,609	0	0
DDR	COM	23317H102	515	29,558	SH		SOLE	3	29,558	0	0
DEERE &	COM	244199105	2,416	28,310	SH		SOLE	3	28,310	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	100	1,400	SH		OTR	3	1,400	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	7,402	103,790	SH		OTR	3	103,790	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	478	6,700	SH		SOLE	3	6,700	0	0
DELTA AIR LINES INC	COM NEW	247361702	2,687	68,271	SH		OTR	3	68,271	0	0
DELTA AIR LINES INC	COM NEW	247361702	3,416	86,790	SH		SOLE	3	86,790	0	0
DENTSPLY SIRONA	COM	24906P109	345	5,800	SH		SOLE	3	5,800	0	0
DEVON ENERGY CORP	COM	25179M103	494	11,200	SH		SOLE	3	11,200	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	67	7,342	SH		SOLE	3	7,342	0	0
DICKS SPORTING GOODS	COM	253393102	125	2,200	SH		SOLE	3	2,200	0	0
DIGITAL RLTY TR	COM	253868103	510,370	5,255,046	SH		OTR	3	5,255,046	0	0
DIGITAL RLTY TR	COM	253868103	3,564	36,700	SH		SOLE	3	36,700	0	0
DISCOVER FINL	COM	254709108	141	2,500	SH		OTR	3	2,500	0	0
DISCOVER FINL	COM	254709108	1,103	19,510	SH		SOLE	3	19,510	0	0
DISH NETWORK	CL A	25470M109	60	2,000	SH		DFND	4,1,2	2,000	0	0
DISH NETWORK	CL A	25470M109	290	5,300	SH		SOLE	3	5,300	0	0
DOLLAR GEN CORP	COM	256677105	3,248	46,400	SH		SOLE	3	46,400	0	0
DOLLAR TREE	COM	256746108	451	5,720	SH		SOLE	3	5,720	0	0
DOMINION RES INC VA	COM	25746U109	1,144	15,400	SH		SOLE	3	15,400	0	0
DOMINOS PIZZA	COM	25754A201	190	1,250	SH		SOLE	3	1,250	0	0
DOUGLAS EMMETT	COM	25960P109	232,069	6,335,503	SH		OTR	3	6,335,503	0	0
DOUGLAS EMMETT	COM	25960P109	505	13,800	SH		SOLE	3	13,800	0	0
DOVER	COM	260003108	817	11,100	SH		SOLE	3	11,100	0	0
DOW CHEM	COM	260543103	3,074	59,300	SH		OTR	3	59,300	0	0
DOW CHEM	COM	260543103	4,525	87,300	SH		SOLE	3	87,300	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	2,468	27,024	SH		SOLE	3	27,024	0	0
DTE ENERGY	COM	233331107	31	566	SH		DFND	4,1,2	566	0	0
DTE ENERGY	COM	233331107	398	4,250	SH		SOLE	3	4,250	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,510	22,540	SH		SOLE	3	22,540	0	0
DUKE ENERGY CORP	COM NEW	26441C204	2,070	25,866	SH		SOLE	3	25,866	0	0
DUKE REALTY	COM NEW	264411505	1,014	37,100	SH		SOLE	3	37,100	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	116	850	SH		SOLE	3	850	0	0
DUNKIN BRANDS GROUP	COM	265504100	470	9,030	SH		SOLE	3	9,030	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	19,237	466,344	SH		OTR	3	466,344	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	116	2,800	SH		SOLE	3	2,800	0	0
DYNEX CAP	COM NEW	26817Q506	167	22,500	SH		SOLE	3	22,500	0	0
E TRADE FINANCIAL	COM NEW	269246401	210	7,200	SH		SOLE	3	7,200	0	0
EASTERLY GOVT PPTYS	COM	27616P103	15	800	SH		SOLE	3	800	0	0
EASTGROUP PPTY	COM	277276101	88	1,200	SH		SOLE	3	1,200	0	0
EASTMAN CHEM	COM	277432100	250	3,700	SH		SOLE	3	3,700	0	0
EATON CORP	SHS	G29183103	197	3,000	SH		OTR	3	3,000	0	0
EATON CORP	SHS	G29183103	1,984	30,200	SH		OTR	3	30,200	0	0
EATON CORP	SHS	G29183103	762	11,598	SH		SOLE	3	11,598	0	0
EBAY	COM	278642103	877	26,650	SH		SOLE	3	26,650	0	0
ECOLAB	COM	278865100	779	6,400	SH		SOLE	3	6,400	0	0
EDGEWELL PERS CARE	COM	28035Q102	111	1,400	SH		SOLE	3	1,400	0	0
EDISON	COM	281020107	3,750	51,900	SH		SOLE	3	51,900	0	0
EDUCATION RLTY TR	COM NEW	28140H203	228,058	5,286,457	SH		OTR	3	5,286,457	0	0
EDUCATION RLTY TR	COM NEW	28140H203	118	2,733	SH		SOLE	3	2,733	0	0
EDWARDS LIFESCIENCES	COM	28176E108	5,154	42,750	SH		SOLE	3	42,750	0	0
ELECTRONIC ARTS	COM	285512109	1,089	12,750	SH		SOLE	3	12,750	0	0
ELLIE MAE	COM	28849P100	116	1,100	SH		SOLE	3	1,100	0	0
EMBRAER S A SP ADR REP	COM	29082A107	14	800	SH		SOLE	3	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	494	28,600	SH		SOLE	3	28,600	0	0
EMERSON ELEC	COM	291011104	3,073	56,380	SH		SOLE	3	56,380	0	0
EMPIRE ST RLTY TR	CL A	292104106	108,968	5,201,341	SH		OTR	3	5,201,341	0	0
EMPIRE ST RLTY TR	CL A	292104106	96	4,600	SH		SOLE	3	4,600	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	20	1,000	SH		SOLE	3	1,000	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	36	1,800	SH		SOLE	3	1,800	0	0
ENDESA AMERS SA	ADR	29261D104	14	1,000	SH		SOLE	3	1,000	0	0
ENDO INTL	SHS	G30401106	99	4,900	SH		SOLE	3	4,900	0	0
ENERSIS AMERICAS SA	ADR	29274F104	43	5,200	SH		SOLE	3	5,200	0	0
ENERSIS AMERICAS SA	ADR	29274F104	53	6,500	SH		SOLE	3	6,500	0	0
ENERSIS CHILE SA	ADR	29278D105	25	5,200	SH		SOLE	3	5,200	0	0
ENERSIS CHILE SA	ADR	29278D105	19	4,000	SH		SOLE	3	4,000	0	0
ENTERGY CORP	COM	29364G103	322	4,200	SH		SOLE	3	4,200	0	0
ENVISION HEALTHCARE HLDGS	COM	29413U103	105	4,700	SH		SOLE	3	4,700	0	0
EOG RES	COM	26875P101	2,296	23,740	SH		OTR	3	23,740	0	0
EOG RES	COM	26875P101	1,296	13,400	SH		SOLE	3	13,400	0	0
EPR PPTYS CONV	PFD 9% SR E	26884U307	1,621	43,545	SH		OTR	3	0	0	0
EQT	COM	26884L109	316	4,350	SH		SOLE	3	4,350	0	0
EQUIFAX	COM	294429105	1,929	14,332	SH		OTR	3	14,332	0	0
EQUIFAX	COM	294429105	2,483	18,450	SH		SOLE	3	18,450	0	0
EQUITY	COM	294752100	104	3,400	SH		SOLE	3	3,400	0	0
EQUITY COMWLTH	CUM PFD S D 6.5%	294628201	2,937	108,368	SH		OTR	3	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	186,692	2,418,921	SH		OTR	3	2,418,921	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	232	3,000	SH		SOLE	3	3,000	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	80	1,040	SH		SOLE	3	1,040	0	0
ESSEX PPTY TR	COM	297178105	463,504	2,081,291	SH		OTR	3	2,081,291	0	0
ESSEX PPTY TR	COM	297178105	1,324	5,947	SH		SOLE	3	5,947	0	0
EVEREST RE GROUP	COM	G3223R108	893	4,700	SH		SOLE	3	4,700	0	0
EVERSOURCE	COM	30040W108	411	7,580	SH		SOLE	3	7,580	0	0
EXELON	COM	30161N101	733	22,026	SH		SOLE	3	22,026	0	0
EXPEDIA INC	COM NEW	30212P303	3,800	32,554	SH		OTR	3	32,554	0	0
EXPEDIA INC	COM NEW	30212P303	1,275	10,925	SH		SOLE	3	10,925	0	0
EXPEDITORS INTL WASH	COM	302130109	222	4,300	SH		SOLE	3	4,300	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	3,537	50,145	SH		SOLE	3	50,145	0	0
EXTRA SPACE STORAGE	COM	30225T102	333,760	4,203,001	SH		OTR	3	4,203,001	0	0
EXTRA SPACE STORAGE	COM	30225T102	1,846	23,250	SH		SOLE	3	23,250	0	0
EXXON MOBIL	COM	30231G102	4,123	47,234	SH		OTR	3	47,234	0	0
EXXON MOBIL	COM	30231G102	13,460	154,221	SH		SOLE	3	154,221	0	0
F M C	COM NEW	302491303	169	3,500	SH		SOLE	3	3,500	0	0
F5 NETWORKS	COM	315616102	212	1,700	SH		SOLE	3	1,700	0	0
FACEBOOK	CL A	30303M102	5,479	42,716	SH		DFND		42,716	0	0
FACEBOOK	CL A	30303M102	38,744	302,050	SH		SOLE	3	302,050	0	0
FANG HLDGS	ADR	30711Y102	17	3,700	SH		SOLE	3	3,700	0	0
FARMLAND PARTNERS	COM	31154R109	4	400	SH		SOLE	3	400	0	0
FASTENAL	COM	311900104	1,884	45,100	SH		SOLE	3	45,100	0	0
FBL FINL GROUP	CL A	30239F106	275	4,300	SH		DFND		4,300	0	0
FCB FINL HLDGS	CL A	30255G103	123	3,200	SH		SOLE	3	3,200	0	0
FEDEX	COM	31428X106	7,618	43,612	SH		OTR	3	43,612	0	0
FEDEX	COM	31428X106	1,231	7,050	SH		SOLE	3	7,050	0	0
FELCOR LODGING TR	COM	31430F101	28	4,400	SH		SOLE	3	4,400	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	18	2,500	SH		SOLE	3	2,500	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	1,577	223,000	SH		SOLE	3	223,000	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	227	6,138	SH		SOLE	3	6,138	0	0
FIDELITY NATL INFORMATION	COM	31620M106	584	7,579	SH		SOLE	3	7,579	0	0
FIFTH THIRD	COM	316773100	164	8,000	SH		OTR	3	8,000	0	0
FIFTH THIRD	COM	316773100	385	18,800	SH		SOLE	3	18,800	0	0
FIREEYE	COM	31816Q101	2,720	184,683	SH		DFND		184,683	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	121	4,300	SH		SOLE	3	4,300	0	0
FIRST POTOMAC RLTY	COM	33610F109	20	2,200	SH		SOLE	3	2,200	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	540	7,000	SH		SOLE	3	7,000	0	0
FIRSTENERGY	COM	337932107	348	10,535	SH		SOLE	3	10,535	0	0
FISERV	COM	337738108	3,704	37,240	SH		SOLE	3	37,240	0	0
FITBIT	CL A	33812L102	207	13,950	SH		DFND		13,950	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	396	2,280	SH		SOLE	3	2,280	0	0
FLEX	ORD	Y2573F102	180	13,200	SH		SOLE	3	13,200	0	0
FLIR SYS	COM	302445101	101	3,200	SH		SOLE	3	3,200	0	0
FLOWSERVE	COM	34354P105	154	3,200	SH		SOLE	3	3,200	0	0
FLUOR CORP	COM	343412102	418	8,150	SH		SOLE	3	8,150	0	0
FMC TECHNOLOGIES	COM	30249U101	151	5,100	SH		SOLE	3	5,100	0	0
FOOT LOCKER	COM	344849104	1,016	15,000	SH		SOLE	3	15,000	0	0
FOREST CITY RLTY TR INC	CL A	345605109	185	8,000	SH		SOLE	3	8,000	0	0
FORTINET	COM	34959E109	127	3,450	SH		SOLE	3	3,450	0	0
FORTIVE	COM	34959J108	2,730	53,636	SH		OTR	3	53,636	0	0
FORTIVE	COM	34959J108	430	8,450	SH		SOLE	3	8,450	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	2,674	46,030	SH		OTR	3	46,030	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	3,480	59,900	SH		SOLE	3	59,900	0	0
FOUR CORNERS PPTY TR	COM	35086T109	12,068	565,796	SH		OTR	3	565,796	0	0
FOUR CORNERS PPTY TR	COM	35086T109	46	2,175	SH		SOLE	3	2,175	0	0
FRANKLIN RES	COM	354613101	334	9,400	SH		SOLE	3	9,400	0	0
FRANKLIN STREET PPTYS	COM	35471R106	48	3,800	SH		SOLE	3	3,800	0	0
FRESH DEL MONTE PRODUCE	ORD	G36738105	863	14,400	SH		SOLE	3	14,400	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	115	27,763	SH		SOLE	3	27,763	0	0
GALLAGHER ARTHUR J &	COM	363576109	219	4,300	SH		SOLE	3	4,300	0	0
GAMING & LEISURE PPTYS	COM	36467J108	237	7,100	SH		SOLE	3	7,100	0	0
GAP INC	COM	364760108	441	19,810	SH		SOLE	3	19,810	0	0
GARMIN	SHS	H2906T109	135	2,800	SH		SOLE	3	2,800	0	0
GARTNER	COM	366651107	677	7,650	SH		SOLE	3	7,650	0	0
GENERAL DYNAMICS	COM	369550108	5,756	37,100	SH		OTR	3	37,100	0	0
GENERAL DYNAMICS	COM	369550108	978	6,300	SH		SOLE	3	6,300	0	0
GENERAL ELECTRIC	COM	369604103	7,137	240,940	SH		SOLE	3	240,940	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	328,890	11,916,304	SH		OTR	3	11,916,304	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	1,432	51,877	SH		SOLE	3	51,877	0	0
GENERAL MLS	COM	370334104	933	14,600	SH		SOLE	3	14,600	0	0
GENERAL MTRS	COM	37045V100	7,564	238,100	SH		OTR	3	238,100	0	0
GENERAL MTRS	COM	37045V100	1,064	33,500	SH		SOLE	3	33,500	0	0
GENUINE PARTS	COM	372460105	382	3,800	SH		SOLE	3	3,800	0	0
GEO GROUP INC	COM	36162J106	64	2,700	SH		SOLE	3	2,700	0	0
GETTY RLTY CORP	COM	374297109	22	904	SH		SOLE	3	904	0	0
GIBRALTAR INDS	COM	374689107	45	1,200	SH		SOLE	3	1,200	0	0
GILEAD SCIENCES	COM	375558103	4,565	57,701	SH		DFND		57,701	0	0
GILEAD SCIENCES	COM	375558103	2,018	25,500	SH		OTR	3	25,500	0	0
GILEAD SCIENCES	COM	375558103	2,595	32,800	SH		SOLE	3	32,800	0	0
GLADSTONE COML	COM	376536108	15	800	SH		SOLE	3	800	0	0
GLOBAL NET LEASE	COM	379378102	50	6,100	SH		SOLE	3	6,100	0	0
GLOBAL PMTS	COM	37940X102	3,649	47,538	SH		OTR	3	47,538	0	0
GLOBAL PMTS	COM	37940X102	276	3,600	SH		SOLE	3	3,600	0	0
GOGO	COM	38046C109	2,035	184,400	SH		DFND	4,1,2	184,400	0	0
GOGO	COM	38046C109	33	1,686	SH		DFND	4,1,2	1,686	0	0
GOGO INC	NOTE 3.750% 3/0	38046CAB5	9,694	12,500,000	PRN		DFND	4,1,2	12,500,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	4,201	26,050	SH		OTR	3	26,050	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,668	10,340	SH		SOLE	3	10,340	0	0
GOODYEAR TIRE & RUBR	COM	382550101	208	6,450	SH		SOLE	3	6,450	0	0
GRACE W R & CO DEL	COM	38388F108	129	1,750	SH		SOLE	3	1,750	0	0
GRAINGER W W	COM	384802104	67	300	SH		OTR	3	300	0	0
GRAINGER W W	COM	384802104	1,981	8,810	SH		SOLE	3	8,810	0	0
GRAMERCY PPTY	COM	385002100	151	15,621	SH		SOLE	3	15,621	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	400	8,500	SH		SOLE	3	8,500	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	2,543	99,000	SH		OTR	3	99,000	0	0
HALLIBURTON	COM	406216101	931	20,750	SH		SOLE	3	20,750	0	0
HANESBRANDS	COM	410345102	164	6,500	SH		OTR	3	6,500	0	0
HANESBRANDS	COM	410345102	230	9,100	SH		SOLE	3	9,100	0	0
HARLEY DAVIDSON	COM	412822108	410	7,800	SH		SOLE	3	7,800	0	0
HARMAN INTL INDS	COM	413086109	148	1,750	SH		SOLE	3	1,750	0	0
HARRIS CORP	COM	413875105	289	3,150	SH		SOLE	3	3,150	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	193	4,500	SH		OTR	3	4,500	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	567	13,240	SH		SOLE	3	13,240	0	0
HASBRO	COM	418056107	1,333	16,800	SH		SOLE	3	16,800	0	0
HAWAIIAN HOLDINGS	COM	419879101	1,040	21,400	SH		SOLE	3	21,400	0	0
HCA HOLDINGS	COM	40412C101	1,883	24,900	SH		OTR	3	24,900	0	0
HCA HOLDINGS	COM	40412C101	1,716	22,690	SH		SOLE	3	22,690	0	0
HCP	COM	40414L109	612,466	16,138,774	SH		OTR	3	16,138,774	0	0
HCP	COM	40414L109	1,510	39,800	SH		SOLE	3	39,800	0	0
HCP	COM	40414L109	91	2,390	SH		SOLE	3	2,390	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	715	9,940	SH		OTR	3	9,940	0	0
HEALTHCARE RLTY	COM	421946104	146	4,300	SH		SOLE	3	4,300	0	0
HELMERICH & PAYNE	COM	423452101	182	2,700	SH		SOLE	3	2,700	0	0
HERSHEY	COM	427866108	335	3,500	SH		SOLE	3	3,500	0	0
HESS	COM	42809H107	370	6,900	SH		SOLE	3	6,900	0	0
HEWLETT PACKARD ENTERPRISE	COM	42824C109	1,099	48,300	SH		SOLE	3	48,300	0	0
HIBBETT SPORTS	COM	428567101	279	7,000	SH		SOLE	3	7,000	0	0
HIGHWOODS PPTYS	COM	431284108	131,419	2,521,461	SH		OTR	3	2,521,461	0	0
HIGHWOODS PPTYS	COM	431284108	193	3,700	SH		SOLE	3	3,700	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	4,752	207,235	SH		OTR	3	207,235	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	1,901	82,900	SH		SOLE	3	82,900	0	0
HOLLYFRONTIER	COM	436106108	100	4,100	SH		SOLE	3	4,100	0	0
HOLOGIC	COM	436440101	235	6,050	SH		SOLE	3	6,050	0	0
HOME DEPOT	COM	437076102	2,625	20,400	SH		OTR	3	20,400	0	0
HOME DEPOT	COM	437076102	21,842	169,740	SH		SOLE	3	169,740	0	0
HONEYWELL INTL	COM	438516106	6,742	58,156	SH		OTR	3	58,156	0	0
HONEYWELL INTL	COM	438516106	2,266	19,550	SH		SOLE	3	19,550	0	0
HORMEL FOODS	COM	440452100	1,914	50,450	SH		SOLE	3	50,450	0	0
HOST HOTELS & RESORTS	COM	44107P104	407,973	26,202,491	SH		OTR	3	26,202,491	0	0
HOST HOTELS & RESORTS	COM	44107P104	1,032	66,308	SH		SOLE	3	66,308	0	0
HP	COM	40434L105	1,649	106,200	SH		SOLE	3	106,200	0	0
HUDSON PAC PPTYS	COM	444097109	22,966	698,707	SH		OTR	3	698,707	0	0
HUDSON PAC PPTYS	COM	444097109	128	3,900	SH		SOLE	3	3,900	0	0
HUMANA	COM	444859102	619	3,500	SH		SOLE	3	3,500	0	0
HUNT J B TRANS SVCS	COM	445658107	187	2,300	SH		SOLE	3	2,300	0	0
HUNTINGTON BANCSHARES	COM	446150104	163	16,500	SH		OTR	3	16,500	0	0
HUNTINGTON BANCSHARES	COM	446150104	254	25,800	SH		SOLE	3	25,800	0	0
ICICI BK	ADR	45104G104	174	23,353	SH		DFND		23,353	0	0
ICICI BK	ADR	45104G104	2,913	390,000	SH		SOLE	3	390,000	0	0
IDEXX LABS	COM	45168D104	248	2,200	SH		SOLE	3	2,200	0	0
IHS MARKIT	SHS	G47567105	2,967	79,024	SH		OTR	3	79,024	0	0
IHS MARKIT	SHS	G47567105	334	8,889	SH		SOLE	3	8,889	0	0
ILLINOIS TOOL WKS	COM	452308109	8,757	73,070	SH		SOLE	3	73,070	0	0
ILLUMINA	COM	452327109	917	5,050	SH		SOLE	3	5,050	0	0
IMS HEALTH HLDGS	COM	44970B109	122	3,900	SH		SOLE	3	3,900	0	0
INCYTE	COM	45337C102	1,568	16,630	SH		OTR	3	16,630	0	0
INCYTE	COM	45337C102	391	4,150	SH		SOLE	3	4,150	0	0
INDEPENDENCE RLTY TR	COM	45378A106	14	1,564	SH		SOLE	3	1,564	0	0
INFOSYS LTD	ADR	456788108	1,720	109,000	SH		SOLE	3	109,000	0	0
INGERSOLL-RAND	SHS	G47791101	458	6,744	SH		SOLE	3	6,744	0	0
INGREDION	COM	457187102	399	3,000	SH		SOLE	3	3,000	0	0
INPHI	COM	45772F107	2,060	47,359	SH		DFND	4,1,2	47,359	0	0
INTEGRA LIFESCIENCES HLDGS C	NOTE 1.625%12/1	457985AK5	11,719	7,500,000	PRN		DFND	4,1,2	7,500,000	0	0
INTEL	COM	458140100	11,629	308,064	SH		OTR	3	308,064	0	0
INTEL	COM	458140100	7,223	191,340	SH		SOLE	3	191,340	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	8,006	29,724	SH		OTR	3	29,724	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	777	2,885	SH		SOLE	3	2,885	0	0
INTERNATIONAL	COM	459506101	1,626	11,370	SH		SOLE	3	11,370	0	0
INTERNATIONAL BUSINESS	COM	459200101	3,955	24,900	SH		OTR	3	24,900	0	0
INTERNATIONAL BUSINESS	COM	459200101	5,741	36,140	SH		SOLE	3	36,140	0	0
INTERPUBLIC GROUP COS	COM	460690100	3,426	153,300	SH		OTR	3	153,300	0	0
INTERPUBLIC GROUP COS	COM	460690100	362	16,200	SH		SOLE	3	16,200	0	0
INTL PAPER	COM	460146103	470	9,800	SH		SOLE	3	9,800	0	0
INTUIT	COM	461202103	5,647	51,330	SH		SOLE	3	51,330	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	4,581	6,320	SH		SOLE	3	6,320	0	0
INVESCO	SHS	G491BT108	333	10,650	SH		SOLE	3	10,650	0	0
IRON MTN INC	COM	46284V101	560	14,928	SH		SOLE	3	14,928	0	0
ISHARES TR	MSCI UAE ETF	46434V761	499	29,334	SH		SOLE	3	29,334	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	497	25,600	SH		SOLE	3	25,600	0	0
ISTAR	COM	45031U101	30	2,800	SH		SOLE	3	2,800	0	0
ITAU CORPBANCA	ADR	45033E105	9	700	SH		SOLE	3	700	0	0
ITC HLDGS	COM	465685105	2,928	63,000	SH		SOLE	3	63,000	0	0
ITRON	COM	465741106	2,002	35,900	SH		OTR	3	35,900	0	0
JACK IN THE BOX	COM	466367109	154	1,600	SH		SOLE	3	1,600	0	0
JACOBS ENGR GROUP INC	COM	469814107	160	3,100	SH		SOLE	3	3,100	0	0
JAKKS PAC	COM	47012E106	4	135	SH		DFND	4,1,2	135	0	0
JAKKS PAC	COM	47012E106	30	500	SH		DFND	4,1,2	500	0	0
JD COM INC SPON	CL A	47215P106	986	37,800	SH		SOLE	3	37,800	0	0
JOHN BEAN TECHNOLOGIES	COM	477839104	233	3,300	SH		SOLE	3	3,300	0	0
JOHNSON &	COM	478160104	3,414	28,900	SH		OTR	3	28,900	0	0
JOHNSON &	COM	478160104	43,034	364,290	SH		SOLE	3	364,290	0	0
JOHNSON CTLS	COM	478366107	1,036	22,787	SH		SOLE	3	22,787	0	0
JONES LANG LASALLE	COM	48020Q107	125	1,100	SH		SOLE	3	1,100	0	0
JPMORGAN CHASE &	COM	46625H100	235	3,535	SH		DFND		3,535	0	0
JPMORGAN CHASE &	COM	46625H100	213	3,200	SH		OTR	3	3,200	0	0
JPMORGAN CHASE &	COM	46625H100	5,993	90,000	SH		OTR	3	90,000	0	0
JPMORGAN CHASE &	COM	46625H100	6,387	95,910	SH		SOLE	3	95,910	0	0
JUNIPER NETWORKS	COM	48203R104	202	8,400	SH		SOLE	3	8,400	0	0
KANSAS CITY	COM NEW	485170302	3,638	38,987	SH		OTR	3	38,987	0	0
KANSAS CITY	COM NEW	485170302	243	2,600	SH		SOLE	3	2,600	0	0
KATE SPADE &	COM	485865109	965	56,334	SH		DFND		56,334	0	0
KELLOGG	COM	487836108	3,393	43,800	SH		SOLE	3	43,800	0	0
KEYCORP	COM	493267108	324	26,600	SH		SOLE	3	26,600	0	0
KILROY RLTY	COM	49427F108	392,017	5,652,727	SH		OTR	3	5,652,727	0	0
KILROY RLTY	COM	49427F108	534	7,700	SH		SOLE	3	7,700	0	0
KIMBERLY CLARK	COM	494368103	9,883	78,350	SH		SOLE	3	78,350	0	0
KIMCO RLTY	COM	49446R109	1,135	39,200	SH		SOLE	3	39,200	0	0
KINDER MORGAN INC	COM	49456B101	1,387	60,000	SH		DFND	4,1,2	60,000	0	0
KINDER MORGAN INC	COM	49456B101	283	1,000	SH		DFND	4,1,2	1,000	0	0
KINDER MORGAN INC	COM	49456B101	6,820	294,870	SH		OTR	3	294,870	0	0
KINDER MORGAN INC	COM	49456B101	1,070	46,277	SH		SOLE	3	46,277	0	0
KITE RLTY GROUP	COM NEW	49803T300	87	3,125	SH		SOLE	3	3,125	0	0
KLA-TENCOR	COM	482480100	240	3,450	SH		SOLE	3	3,450	0	0
KOHLS	COM	500255104	941	21,500	SH		SOLE	3	21,500	0	0
KRAFT HEINZ	COM	500754106	1,343	15,003	SH		SOLE	3	15,003	0	0
KROGER	COM	501044101	656	22,100	SH		SOLE	3	22,100	0	0
L BRANDS	COM	501797104	3,663	51,753	SH		OTR	3	51,753	0	0
L BRANDS	COM	501797104	432	6,100	SH		SOLE	3	6,100	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	1,010	6,700	SH		SOLE	3	6,700	0	0
LABORATORY CORP AMER	COM NEW	50540R409	1,430	10,400	SH		SOLE	3	10,400	0	0
LAM RESEARCH	COM	512807108	521	5,500	SH		SOLE	3	5,500	0	0
LAS VEGAS SANDS	COM	517834107	1,634	28,400	SH		SOLE	3	28,400	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	41	5,100	SH		SOLE	3	5,100	0	0
LAUDER ESTEE COS	CL A	518439104	7,726	87,235	SH		OTR	3	87,235	0	0
LAUDER ESTEE COS	CL A	518439104	2,900	32,750	SH		SOLE	3	32,750	0	0
LEAR	COM NEW	521865204	230	1,900	SH		SOLE	3	1,900	0	0
LEGGETT & PLATT	COM	524660107	748	16,400	SH		SOLE	3	16,400	0	0
LENDINGCLUB	COM	52603A109	170	27,535	SH		DFND		27,535	0	0
LENNAR	CL A	526057104	199	4,700	SH		SOLE	3	4,700	0	0
LENNOX INTL	COM	526107107	408	2,600	SH		SOLE	3	2,600	0	0
LEUCADIA NATL	COM	527288104	152	8,000	SH		SOLE	3	8,000	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	343	7,400	SH		SOLE	3	7,400	0	0
LEXINGTON REALTY	COM	529043101	82	7,946	SH		SOLE	3	7,946	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	233	6,803	SH		SOLE	3	6,803	0	0
LIBERTY MEDIA CORP DELAWARE COM	C SIRIUSXM	531229607	164	4,900	SH		SOLE	3	4,900	0	0
LIFE STORAGE	COM	53223X107	151	1,700	SH		SOLE	3	1,700	0	0
LILLY ELI &	COM	532457108	3,042	37,900	SH		SOLE	3	37,900	0	0
LINCOLN NATL CORP	COM	534187109	275	5,849	SH		SOLE	3	5,849	0	0
LINEAR TECHNOLOGY	COM	535678106	1,601	27,000	SH		SOLE	3	27,000	0	0
LINKEDIN CORP	CL A	53578A108	2,326	12,172	SH		DFND		12,172	0	0
LINKEDIN CORP	CL A	53578A108	76	170	SH		DFND	4,1,2	170	0	0
LINKEDIN CORP	CL A	53578A108	5	100	SH		DFND	4,1,2	100	0	0
LINKEDIN CORP	CL A	53578A108	15	150	SH		DFND	4,1,2	150	0	0
LINKEDIN CORP	CL A	53578A108	535	2,800	SH		SOLE	3	2,800	0	0
LINKEDIN CORP	NOTE 0.500%11/0	53578AAB4	19,807	20,000,000	PRN		DFND	4,1,2	20,000,000	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	1,674	60,900	SH		OTR	3	60,900	0	0
LKQ	COM	501889208	394	11,100	SH		SOLE	3	11,100	0	0
LOCKHEED MARTIN	COM	539830109	2,565	10,700	SH		OTR	3	10,700	0	0
LOCKHEED MARTIN	COM	539830109	10,325	43,070	SH		SOLE	3	43,070	0	0
LOEWS	COM	540424108	1,368	33,240	SH		SOLE	3	33,240	0	0
LOWES COS	COM	548661107	11,140	154,270	SH		SOLE	3	154,270	0	0
LTC PPTYS	COM	502175102	73	1,400	SH		SOLE	3	1,400	0	0
LULULEMON ATHLETICA	COM	550021109	994	16,300	SH		SOLE	3	16,300	0	0
M & T BK	COM	55261F104	401	3,451	SH		SOLE	3	3,451	0	0
MACERICH	COM	554382101	942	11,645	SH		SOLE	3	11,645	0	0
MACK CALI RLTY	COM	554489104	90	3,300	SH		SOLE	3	3,300	0	0
MACQUARIE INFRASTRUCTURE	COM	55608B105	299	3,600	SH		DFND	4,1,2	3,600	0	0
MACQUARIE INFRASTRUCTURE	COM	55608B105	31	100	SH		DFND	4,1,2	100	0	0
MACQUARIE INFRASTRUCTURE	COM	55608B105	42	500	SH		SOLE	3	500	0	0
MACYS	COM	55616P104	985	26,598	SH		SOLE	3	26,598	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	188	2,700	SH		SOLE	3	2,700	0	0
MANPOWERGROUP	COM	56418H100	383	5,300	SH		SOLE	3	5,300	0	0
MARATHON OIL	COM	565849106	318	20,100	SH		SOLE	3	20,100	0	0
MARATHON PETE	COM	56585A102	536	13,200	SH		SOLE	3	13,200	0	0
MARKEL	COM	570535104	320	345	SH		SOLE	3	345	0	0
MARRIOTT INTL INC	CL A	571903202	2,058	30,560	SH		OTR	3	30,560	0	0
MARRIOTT INTL INC	CL A	571903202	1,398	20,767	SH		SOLE	3	20,767	0	0
MARSH & MCLENNAN COS	COM	571748102	5,175	76,950	SH		SOLE	3	76,950	0	0
MARTIN MARIETTA MATLS	COM	573284106	269	1,500	SH		SOLE	3	1,500	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	146	11,000	SH		SOLE	3	11,000	0	0
MASCO	COM	574599106	508	14,800	SH		SOLE	3	14,800	0	0
MASIMO	COM	574795100	161	2,700	SH		SOLE	3	2,700	0	0
MASTERCARD	CL A	57636Q104	3,817	37,510	SH		OTR	3	37,510	0	0
MASTERCARD	CL A	57636Q104	13,540	133,050	SH		SOLE	3	133,050	0	0
MATTEL	COM	577081102	1,556	51,400	SH		SOLE	3	51,400	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	280	7,000	SH		SOLE	3	7,000	0	0
MCDONALDS	COM	580135101	2,007	17,400	SH		OTR	3	17,400	0	0
MCDONALDS	COM	580135101	28,809	249,730	SH		SOLE	3	249,730	0	0
MCGRATH	COM	580589109	444	14,000	SH		SOLE	3	14,000	0	0
MCKESSON	COM	58155Q103	917	5,500	SH		SOLE	3	5,500	0	0
MEAD JOHNSON NUTRITION	COM	582839106	367	4,650	SH		SOLE	3	4,650	0	0
MEDICAL PPTYS TRUST	COM	58463J304	133	9,000	SH		SOLE	3	9,000	0	0
MEDNAX	COM	58502B106	297	4,480	SH		SOLE	3	4,480	0	0
MEDTRONIC	SHS	G5960L103	261	3,016	SH		OTR	3	3,016	0	0
MEDTRONIC	SHS	G5960L103	2,959	34,244	SH		SOLE	3	34,244	0	0
MELCO CROWN ENTMT	ADR	585464100	45	2,800	SH		SOLE	3	2,800	0	0
MERCK & CO	COM	58933Y105	262	4,200	SH		OTR	3	4,200	0	0
MERCK & CO	COM	58933Y105	6,990	111,998	SH		SOLE	3	111,998	0	0
METLIFE	COM	59156R108	1,011	22,750	SH		SOLE	3	22,750	0	0
METTLER TOLEDO	COM	592688105	1,700	4,050	SH		SOLE	3	4,050	0	0
MGM RESORTS	COM	552953101	660	25,350	SH		SOLE	3	25,350	0	0
MICHAEL KORS HLDGS	SHS	G60754101	1,815	38,800	SH		DFND		38,800	0	0
MICHAEL KORS HLDGS	SHS	G60754101	1,210	25,850	SH		SOLE	3	25,850	0	0
MICROCHIP TECHNOLOGY	COM	595017104	332	5,350	SH		SOLE	3	5,350	0	0
MICRON TECHNOLOGY	COM	595112103	462	26,000	SH		SOLE	3	26,000	0	0
MICROSOFT	COM	594918104	224	3,900	SH		DFND		3,900	0	0
MICROSOFT	COM	594918104	2,016	35,000	SH		DFND	4,1,2	35,000	0	0
MICROSOFT	COM	594918104	168	1,000	SH		DFND	4,1,2	1,000	0	0
MICROSOFT	COM	594918104	13,156	228,397	SH		OTR	3	228,397	0	0
MICROSOFT	COM	594918104	15,739	273,240	SH		SOLE	3	273,240	0	0
MID-AMER APT CMNTYS	COM	59522J103	1,641	17,456	SH		SOLE	3	17,456	0	0
MIDDLEBY	COM	596278101	198	1,600	SH		SOLE	3	1,600	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	1,434	188,000	SH		OTR	3	188,000	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	125	16,350	SH		SOLE	3	16,350	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	852	20,021	SH		DFND		20,021	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	1,373	32,260	SH		OTR	3	32,260	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	187	4,400	SH		SOLE	3	4,400	0	0
MOHAWK INDS	COM	608190104	1,356	6,770	SH		SOLE	3	6,770	0	0
MONDELEZ INTL	CL A	609207105	7,871	179,303	SH		OTR	3	179,303	0	0
MONDELEZ INTL	CL A	609207105	5,132	116,891	SH		SOLE	3	116,891	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	34	2,400	SH		SOLE	3	2,400	0	0
MONOGRAM RESIDENTIAL TR	COM	60979P105	66	6,200	SH		SOLE	3	6,200	0	0
MONSANTO CO	COM	61166W101	3,754	36,736	SH		SOLE	3	36,736	0	0
MONSTER BEVERAGE CORP	COM	61174X109	458	3,121	SH		OTR	3	3,121	0	0
MONSTER BEVERAGE CORP	COM	61174X109	2,452	16,700	SH		SOLE	3	16,700	0	0
MOODYS	COM	615369105	1,278	11,800	SH		SOLE	3	11,800	0	0
MORGAN	COM NEW	617446448	1,141	35,600	SH		SOLE	3	35,600	0	0
MOSAIC CO	COM	61945C103	556	22,750	SH		SOLE	3	22,750	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	459	6,013	SH		SOLE	3	6,013	0	0
MSCI	COM	55354G100	273	3,250	SH		SOLE	3	3,250	0	0
MURPHY OIL	COM	626717102	119	3,900	SH		SOLE	3	3,900	0	0
NASDAQ	COM	631103108	966	14,300	SH		SOLE	3	14,300	0	0
NATIONAL HEALTH INVS	COM	63633D104	110	1,400	SH		SOLE	3	1,400	0	0
NATIONAL HEALTH INVS	COM	63633D104	66	845	SH		SOLE	3	845	0	0
NATIONAL OILWELL VARCO	COM	637071101	2,079	56,600	SH		OTR	3	56,600	0	0
NATIONAL OILWELL VARCO	COM	637071101	582	15,833	SH		SOLE	3	15,833	0	0
NATIONAL RETAIL PPTYS	COM	637417106	205,835	4,047,879	SH		OTR	3	4,047,879	0	0
NATIONAL RETAIL PPTYS	COM	637417106	280	5,500	SH		SOLE	3	5,500	0	0
NAVIENT	COM	63938C108	126	8,700	SH		SOLE	3	8,700	0	0
NETAPP	COM	64110D104	841	23,470	SH		SOLE	3	23,470	0	0
NETEASE INC	ADR	64110W102	2,841	11,800	SH		SOLE	3	11,800	0	0
NETFLIX	COM	64110L106	1,030	10,450	SH		SOLE	3	10,450	0	0
NETGEAR	COM	64111Q104	218	3,600	SH		SOLE	3	3,600	0	0
NETSUITE	COM	64118Q107	89	800	SH		SOLE	3	800	0	0
NEW ORIENTAL ED & TECH GRP I	ADR	647581107	1,553	33,500	SH		SOLE	3	33,500	0	0
NEW SR INVT GROUP	COM	648691103	35	3,000	SH		SOLE	3	3,000	0	0
NEW SR INVT GROUP	COM	648691103	55	4,755	SH		SOLE	3	4,755	0	0
NEW YORK CMNTY BANCORP	COM	649445103	169	11,900	SH		SOLE	3	11,900	0	0
NEW YORK REIT	COM	64976L109	58	6,300	SH		SOLE	3	6,300	0	0
NEWELL BRANDS	COM	651229106	2,586	49,100	SH		SOLE	3	49,100	0	0
NEWFIELD EXPL	COM	651290108	217	5,000	SH		SOLE	3	5,000	0	0
NEWMONT MINING	COM	651639106	329	8,391	SH		DFND		8,391	0	0
NEWMONT MINING	COM	651639106	3,293	83,800	SH		SOLE	3	83,800	0	0
NEWS CORP	CL A	65249B109	128	9,137	SH		SOLE	3	9,137	0	0
NEXPOINT RESIDENTIAL TR	COM	65341D102	16	800	SH		SOLE	3	800	0	0
NEXTERA ENERGY	COM	65339F101	252	2,062	SH		OTR	3	2,062	0	0
NEXTERA ENERGY	COM	65339F101	9,351	76,450	SH		SOLE	3	76,450	0	0
NISOURCE	COM	65473P105	224	9,300	SH		SOLE	3	9,300	0	0
NOBLE ENERGY	COM	655044105	379	10,600	SH		SOLE	3	10,600	0	0
NORDSON	COM	655663102	239	2,400	SH		SOLE	3	2,400	0	0
NORDSTROM	COM	655664100	166	3,200	SH		SOLE	3	3,200	0	0
NORFOLK SOUTHERN	COM	655844108	752	7,750	SH		SOLE	3	7,750	0	0
NORTHERN TR	COM	665859104	2,883	42,407	SH		OTR	3	42,407	0	0
NORTHERN TR	COM	665859104	354	5,200	SH		SOLE	3	5,200	0	0
NORTHROP GRUMMAN	COM	666807102	7,443	34,790	SH		SOLE	3	34,790	0	0
NORTHSTAR ASSET MGMT GROUP	COM	66705Y104	3	700	SH		DFND	4,1,2	700	0	0
NORTHSTAR REALTY EUROPE	COM	66706L101	23	2,082	SH		SOLE	3	2,082	0	0
NORTHSTAR RLTY FIN	COM	66704R803	13	6,824	SH		DFND	4,1,2	6,824	0	0
NORTHSTAR RLTY FIN	COM	66704R803	86	6,550	SH		SOLE	3	6,550	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	145	3,850	SH		SOLE	3	3,850	0	0
NRG ENERGY	COM NEW	629377508	158	14,100	SH		SOLE	3	14,100	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	83	5,700	SH		SOLE	3	5,700	0	0
NUCOR	COM	670346105	1,011	20,450	SH		SOLE	3	20,450	0	0
NVIDIA	COM	67066G104	580	8,473	SH		DFND		8,473	0	0
NVIDIA	COM	67066G104	3,426	50,000	SH		DFND	4,1,2	50,000	0	0
NVIDIA	COM	67066G104	30	250	SH		DFND	4,1,2	250	0	0
NVIDIA	COM	67066G104	47	250	SH		DFND	4,1,2	250	0	0
NVIDIA	COM	67066G104	2	1,000	SH		DFND	4,1,2	1,000	0	0
NVIDIA	COM	67066G104	6,838	99,800	SH		SOLE	3	99,800	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	227	2,231	SH		DFND		2,231	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	6,872	67,369	SH		OTR	3	67,369	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	745	7,300	SH		SOLE	3	7,300	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	3,627	12,950	SH		SOLE	3	12,950	0	0
OCCIDENTAL PETE CORP	COM	674599105	95	1,300	SH		OTR	3	1,300	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,371	18,800	SH		SOLE	3	18,800	0	0
OGE ENERGY	COM	670837103	164	5,200	SH		SOLE	3	5,200	0	0
OMEGA HEALTHCARE INVS	COM	681936100	132,965	3,750,775	SH		OTR	3	3,750,775	0	0
OMEGA HEALTHCARE INVS	COM	681936100	252	7,120	SH		SOLE	3	7,120	0	0
OMNICOM GROUP	COM	681919106	1,913	22,500	SH		OTR	3	22,500	0	0
OMNICOM GROUP	COM	681919106	502	5,900	SH		SOLE	3	5,900	0	0
ONE LIBERTY PPTYS	COM	682406103	12	500	SH		SOLE	3	500	0	0
ONEOK INC	COM	682680103	262	5,100	SH		SOLE	3	5,100	0	0
ORACLE	COM	68389X105	3,107	79,100	SH		OTR	3	79,100	0	0
ORACLE	COM	68389X105	2,983	75,933	SH		SOLE	3	75,933	0	0
OSHKOSH	COM	688239201	67	1,200	SH		SOLE	3	1,200	0	0
PACCAR	COM	693718108	505	8,587	SH		SOLE	3	8,587	0	0
PACKAGING CORP	COM	695156109	191	2,350	SH		SOLE	3	2,350	0	0
PALO ALTO NETWORKS	COM	697435105	335	2,100	SH		SOLE	3	2,100	0	0
PALO ALTO NETWORKS INC	NOTE 7/0	697435AB1	7,622	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
PANDORA MEDIA	COM	698354107	4,075	284,394	SH		DFND		284,394	0	0
PANERA BREAD	CL A	69840W108	1,538	7,900	SH		SOLE	3	7,900	0	0
PARAMOUNT GROUP	COM	69924R108	31	1,883	SH		OTR	3	1,883	0	0
PARKER HANNIFIN	COM	701094104	1,852	14,750	SH		SOLE	3	14,750	0	0
PARKWAY PPTYS	COM	70159Q104	41,059	2,413,796	SH		OTR	3	2,413,796	0	0
PARKWAY PPTYS	COM	70159Q104	51	3,000	SH		SOLE	3	3,000	0	0
PATTERSON COMPANIES	COM	703395103	165	3,600	SH		OTR	3	3,600	0	0
PATTERSON COMPANIES	COM	703395103	101	2,200	SH		SOLE	3	2,200	0	0
PAYCHEX	COM	704326107	5,931	102,500	SH		DFND	4,1,2	102,500	0	0
PAYCHEX	COM	704326107	585	1,605	SH		DFND	4,1,2	1,605	0	0
PAYCHEX	COM	704326107	460	7,950	SH		SOLE	3	7,950	0	0
PAYPAL HLDGS	COM	70450Y103	1,090	26,600	SH		SOLE	3	26,600	0	0
PEBBLEBROOK HOTEL	COM	70509V100	115,696	4,349,464	SH		OTR	3	4,349,464	0	0
PEBBLEBROOK HOTEL	COM	70509V100	69	2,600	SH		SOLE	3	2,600	0	0
PENTAIR	SHS	G7S00T104	269	4,180	SH		SOLE	3	4,180	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	115	7,300	SH		SOLE	3	7,300	0	0
PEPSICO	COM	713448108	2,839	26,100	SH		OTR	3	26,100	0	0
PEPSICO	COM	713448108	5,943	54,635	SH		SOLE	3	54,635	0	0
PERRIGO CO	SHS	G97822103	314	3,400	SH		SOLE	3	3,400	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	872	93,461	SH		OTR	3	93,461	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	6,769	725,500	SH		SOLE	3	725,500	0	0
PFIZER	COM	717081103	3,451	101,900	SH		OTR	3	101,900	0	0
PFIZER	COM	717081103	24,724	729,961	SH		SOLE	3	729,961	0	0
PG&E	COM	69331C108	844	13,800	SH		SOLE	3	13,800	0	0
PHILIP MORRIS INTL	COM	718172109	5,843	60,100	SH		SOLE	3	60,100	0	0
PHILLIPS	COM	718546104	918	11,400	SH		SOLE	3	11,400	0	0
PHYSICIANS RLTY	COM	71943U104	19,828	920,526	SH		OTR	3	920,526	0	0
PHYSICIANS RLTY	COM	71943U104	108	5,000	SH		SOLE	3	5,000	0	0
PHYSICIANS RLTY	COM	71943U104	93	4,335	SH		SOLE	3	4,335	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	118	5,400	SH		SOLE	3	5,400	0	0
PINNACLE WEST CAP	COM	723484101	1,349	17,750	SH		SOLE	3	17,750	0	0
PIONEER NAT RES	COM	723787107	1,003	5,400	SH		SOLE	3	5,400	0	0
PNC FINL SVCS GROUP	COM	693475105	4,052	44,978	SH		OTR	3	44,978	0	0
PNC FINL SVCS GROUP	COM	693475105	1,094	12,146	SH		SOLE	3	12,146	0	0
POLARIS INDS	COM	731068102	116	1,500	SH		SOLE	3	1,500	0	0
POOL	COM	73278L105	161	1,700	SH		SOLE	3	1,700	0	0
POST PPTYS	COM	737464107	132	2,000	SH		SOLE	3	2,000	0	0
PPG INDS	COM	693506107	196	1,900	SH		OTR	3	1,900	0	0
PPG INDS	COM	693506107	677	6,550	SH		SOLE	3	6,550	0	0
PPL	COM	69351T106	3,256	94,200	SH		SOLE	3	94,200	0	0
PRAXAIR	COM	74005P104	846	7,000	SH		SOLE	3	7,000	0	0
PREFERRED APT CMNTYS	COM	74039L103	12	900	SH		SOLE	3	900	0	0
PRICE T ROWE GROUP	COM	74144T108	399	6,000	SH		SOLE	3	6,000	0	0
PRICELINE GRP	COM NEW	741503403	4,988	3,390	SH		OTR	3	3,390	0	0
PRICELINE GRP	COM NEW	741503403	12,243	8,320	SH		SOLE	3	8,320	0	0
PRICELINE GRP INC	NOTE 1.000% 3/1	741503AQ9	31,695	20,000,000	PRN		DFND	4,1,2	20,000,000	0	0
PRINCIPAL FINL GROUP	COM	74251V102	361	7,000	SH		SOLE	3	7,000	0	0
PROCTER AND GAMBLE	COM	742718109	2,522	28,100	SH		OTR	3	28,100	0	0
PROCTER AND GAMBLE	COM	742718109	9,709	108,177	SH		SOLE	3	108,177	0	0
PROGRESSIVE CORP	COM	743315103	2,769	87,900	SH		SOLE	3	87,900	0	0
PROLOGIS	COM	74340W103	858,285	16,030,719	SH		OTR	3	16,030,719	0	0
PROLOGIS	COM	74340W103	2,441	45,584	SH		SOLE	3	45,584	0	0
PRUDENTIAL FINL	COM	744320102	870	10,650	SH		SOLE	3	10,650	0	0
PS BUSINESS PKS INC	COM	69360J107	91	800	SH		SOLE	3	800	0	0
PTC THERAPEUTICS INC	NOTE 3.000% 8/1 ADDED	69366JAB7	585	1,000,000	PRN		DFND	4,1,2	1,000,000	0	0
PUBLIC	COM	74460D109	193,118	865,455	SH		OTR	3	865,455	0	0
PUBLIC	COM	74460D109	3,381	15,150	SH		OTR	3	15,150	0	0
PUBLIC	COM	74460D109	7,464	33,450	SH		SOLE	3	33,450	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	2,969	70,900	SH		SOLE	3	70,900	0	0
PULTE GROUP	COM	745867101	421	21,000	SH		SOLE	3	21,000	0	0
PVH	COM	693656100	221	2,000	SH		SOLE	3	2,000	0	0
QORVO	COM	74736K101	190	3,400	SH		SOLE	3	3,400	0	0
QTS RLTY TR INC	CL A	74736A103	14,757	279,220	SH		OTR	3	279,220	0	0
QTS RLTY TR INC	CL A	74736A103	95	1,800	SH		SOLE	3	1,800	0	0
QUALCOMM	COM	747525103	2,014	29,400	SH		OTR	3	29,400	0	0
QUALCOMM	COM	747525103	9,896	144,470	SH		SOLE	3	144,470	0	0
QUEST DIAGNOSTICS	COM	74834L100	296	3,500	SH		SOLE	3	3,500	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	2,172	26,800	SH		OTR	3	26,800	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	190	2,350	SH		SOLE	3	2,350	0	0
RALPH LAUREN	CL A	751212101	142	1,400	SH		SOLE	3	1,400	0	0
RANGE RES	COM	75281A109	178	4,600	SH		SOLE	3	4,600	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	192	3,300	SH		SOLE	3	3,300	0	0
RAYONIER ADVANCED MATLS INC	PFD CV SER A ADDED	75508B203	2,083	20,000	SH		DFND	4,1,2	20,000	0	0
RAYTHEON	COM NEW	755111507	1,715	12,600	SH		SOLE	3	12,600	0	0
REALOGY HLDGS	COM	75605Y106	83	3,200	SH		SOLE	3	3,200	0	0
REALTY INCOME	COM	756109104	3,986	59,550	SH		SOLE	3	59,550	0	0
RED HAT	COM	756577102	372	4,600	SH		SOLE	3	4,600	0	0
REGENCY CTRS	COM	758849103	199,582	2,575,585	SH		OTR	3	2,575,585	0	0
REGENCY CTRS	COM	758849103	1,689	21,800	SH		SOLE	3	21,800	0	0
REGENERON	COM	75886F107	381	950	SH		DFND		950	0	0
REGENERON	COM	75886F107	2,908	7,233	SH		OTR	3	7,233	0	0
REGENERON	COM	75886F107	764	1,900	SH		SOLE	3	1,900	0	0
REGIONS FINL CORP	COM	7591EP100	458	46,435	SH		SOLE	3	46,435	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	120	1,000	SH		SOLE	3	1,000	0	0
REPUBLIC SVCS	COM	760759100	136	2,700	SH		OTR	3	2,700	0	0
REPUBLIC SVCS	COM	760759100	300	5,950	SH		SOLE	3	5,950	0	0
RESMED	COM	761152107	224	3,450	SH		SOLE	3	3,450	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	90	4,100	SH		SOLE	3	4,100	0	0
RETAIL PPTYS AMER	CL A	76131V202	99,572	5,926,933	SH		OTR	3	5,926,933	0	0
RETAIL PPTYS AMER	CL A	76131V202	148	8,800	SH		SOLE	3	8,800	0	0
REXFORD INDL RLTY	COM	76169C100	55	2,400	SH		SOLE	3	2,400	0	0
REYNOLDS AMERICAN	COM	761713106	6,126	129,926	SH		SOLE	3	129,926	0	0
RITE AID	COM	767754104	188	24,500	SH		SOLE	3	24,500	0	0
RLJ LODGING	COM	74965L101	97	4,600	SH		SOLE	3	4,600	0	0
ROBERT HALF INTL	COM	770323103	117	3,100	SH		SOLE	3	3,100	0	0
ROCKWELL AUTOMATION	COM	773903109	404	3,300	SH		SOLE	3	3,300	0	0
ROCKWELL COLLINS	COM	774341101	270	3,200	SH		SOLE	3	3,200	0	0
ROPER TECHNOLOGIES	COM	776696106	456	2,500	SH		SOLE	3	2,500	0	0
ROSS STORES	COM	778296103	129	2,000	SH		OTR	3	2,000	0	0
ROSS STORES	COM	778296103	3,913	60,850	SH		SOLE	3	60,850	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	300	4,000	SH		SOLE	3	4,000	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	92	1,900	SH		SOLE	3	1,900	0	0
S&P GLOBAL	COM	78409V104	2,892	22,850	SH		OTR	3	22,850	0	0
S&P GLOBAL	COM	78409V104	975	7,700	SH		SOLE	3	7,700	0	0
SABRA HEALTH CARE REIT	COM	78573L106	60	2,400	SH		SOLE	3	2,400	0	0
SABRA HEALTH CARE REIT	COM	78573L106	76	3,000	SH		SOLE	3	3,000	0	0
SABRE	COM	78573M104	144	5,100	SH		SOLE	3	5,100	0	0
SALESFORCE COM	COM	79466L302	644	9,040	SH		DFND		9,040	0	0
SALESFORCE COM	COM	79466L302	356	5,000	SH		DFND	4,1,2	5,000	0	0
SALESFORCE COM	COM	79466L302	66	250	SH		DFND	4,1,2	250	0	0
SALESFORCE COM	COM	79466L302	4,784	67,063	SH		OTR	3	67,063	0	0
SALESFORCE COM	COM	79466L302	1,120	15,700	SH		SOLE	3	15,700	0	0
SAUL CTRS	COM	804395101	27	400	SH		SOLE	3	400	0	0
SBA COMMUNICATIONS	COM	78388J106	336	3,000	SH		SOLE	3	3,000	0	0
SCANA CORP	COM	80589M102	1,628	22,500	SH		SOLE	3	22,500	0	0
SCHEIN HENRY	COM	806407102	1,923	11,800	SH		SOLE	3	11,800	0	0
SCHLUMBERGER	COM	806857108	2,673	33,995	SH		SOLE	3	33,995	0	0
SCHWAB CHARLES CORP	COM	808513105	909	28,800	SH		SOLE	3	28,800	0	0
SCIENCE APPLICATNS INTL CP	COM	808625107	146	2,100	SH		SOLE	3	2,100	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	371	5,850	SH		SOLE	3	5,850	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	328	8,500	SH		SOLE	3	8,500	0	0
SEALED AIR CORP	COM	81211K100	373	8,140	SH		SOLE	3	8,140	0	0
SEI INVESTMENTS	COM	784117103	670	14,700	SH		SOLE	3	14,700	0	0
SEMPRA	COM	816851109	616	5,750	SH		SOLE	3	5,750	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	167	4,300	SH		SOLE	3	4,300	0	0
SENSIENT TECHNOLOGIES	COM	81725T100	334	4,400	SH		SOLE	3	4,400	0	0
SERITAGE GROWTH	CL A	81752R100	41	800	SH		SOLE	3	800	0	0
SERVICENOW	COM	81762P102	5,536	69,940	SH		OTR	3	69,940	0	0
SERVICENOW	COM	81762P102	309	3,900	SH		SOLE	3	3,900	0	0
SHERWIN WILLIAMS	COM	824348106	2,415	8,730	SH		SOLE	3	8,730	0	0
SIGNATURE BK NEW YORK N	COM	82669G104	172	1,450	SH		SOLE	3	1,450	0	0
SIGNET JEWELERS	SHS	G81276100	134	1,800	SH		SOLE	3	1,800	0	0
SILICON MOTION TECHNOLOGY CO	ADR	82706C108	1,372	26,500	SH		SOLE	3	26,500	0	0
SILVER BAY RLTY TR	COM	82735Q102	23	1,300	SH		SOLE	3	1,300	0	0
SIMON PPTY GROUP INC	COM	828806109	1,701,314	8,218,513	SH		OTR	3	8,218,513	0	0
SIMON PPTY GROUP INC	COM	828806109	5,429	26,228	SH		SOLE	3	26,228	0	0
SIRIUS XM HLDGS	COM	82968B103	514	123,200	SH		SOLE	3	123,200	0	0
SIX FLAGS ENTMT CORP	COM	83001A102	536	10,000	SH		SOLE	3	10,000	0	0
SKYWORKS SOLUTIONS	COM	83088M102	350	4,600	SH		SOLE	3	4,600	0	0
SL GREEN RLTY	COM	78440X101	394,749	3,651,702	SH		OTR	3	3,651,702	0	0
SL GREEN RLTY	COM	78440X101	1,032	9,550	SH		SOLE	3	9,550	0	0
SMITH A	COM	831865209	314	6,350	SH		SOLE	3	6,350	0	0
SMUCKER J M	COM NEW	832696405	1,846	13,620	SH		SOLE	3	13,620	0	0
SNAP ON	COM	833034101	220	1,450	SH		SOLE	3	1,450	0	0
SOLARCITY	COM	83416T100	2,742	140,202	SH		DFND		140,202	0	0
SOUTHERN	COM	842587107	9,524	185,650	SH		SOLE	3	185,650	0	0
SOUTHERN COPPER	COM	84265V105	58	2,200	SH		SOLE	3	2,200	0	0
SOUTHWEST AIRLS	COM	844741108	1,451	37,300	SH		SOLE	3	37,300	0	0
SOUTHWESTERN ENERGY	COM	845467109	1,591	115,000	SH		DFND	4,1,2	115,000	0	0
SOUTHWESTERN ENERGY	COM	845467109	162	11,700	SH		SOLE	3	11,700	0	0
SPDR GOLD TRUST	SHS	78463V107	565	4,500	SH		SOLE	3	4,500	0	0
SPECTRA ENERGY	COM	847560109	727	16,996	SH		SOLE	3	16,996	0	0
SPIRIT RLTY CAP INC	COM	84860W102	332,936	24,976,450	SH		OTR	3	24,976,450	0	0
SPIRIT RLTY CAP INC	COM	84860W102	233	17,500	SH		SOLE	3	17,500	0	0
SPLUNK	COM	848637104	1,208	20,600	SH		DFND		20,600	0	0
SPLUNK	COM	848637104	182	3,100	SH		SOLE	3	3,100	0	0
ST JUDE MED	COM	790849103	546	6,850	SH		SOLE	3	6,850	0	0
STAG INDL	COM	85254J102	61	2,500	SH		SOLE	3	2,500	0	0
STANLEY BLACK & DECKER	COM	854502101	747	6,074	SH		SOLE	3	6,074	0	0
STAPLES	COM	855030102	140	16,400	SH		SOLE	3	16,400	0	0
STARBUCKS	COM	855244109	4,331	80,000	SH		DFND	4,1,2	80,000	0	0
STARBUCKS	COM	855244109	635	1,000	SH		DFND	4,1,2	1,000	0	0
STARBUCKS	COM	855244109	12,804	236,500	SH		SOLE	3	236,500	0	0
STARWOOD WAYPOINT RESIDENTL	NOTE 4.500%10/1	85571WAD1	2,677	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
STATE STR	COM	857477103	689	9,893	SH		SOLE	3	9,893	0	0
STERICYCLE	COM	858912108	172	2,150	SH		SOLE	3	2,150	0	0
STORE CAP	COM	862121100	187,241	6,353,628	SH		OTR	3	6,353,628	0	0
STORE CAP	COM	862121100	168	5,700	SH		SOLE	3	5,700	0	0
STRYKER	COM	863667101	6,007	51,600	SH		SOLE	3	51,600	0	0
SUMMIT HOTEL	COM	866082100	41	3,100	SH		SOLE	3	3,100	0	0
SUN CMNTYS	COM	866674104	272,188	3,468,248	SH		OTR	3	3,468,248	0	0
SUN CMNTYS	COM	866674104	188	2,400	SH		SOLE	3	2,400	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	222,445	17,392,070	SH		OTR	3	17,392,070	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	4,990	390,132	SH		OTR	3	390,132	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	103	8,038	SH		SOLE	3	8,038	0	0
SUNTRUST BKS	COM	867914103	543	12,398	SH		SOLE	3	12,398	0	0
SYMANTEC	COM	871503108	394	15,700	SH		SOLE	3	15,700	0	0
SYNCHRONY	COM	87165B103	560	20,000	SH		SOLE	3	20,000	0	0
SYNOPSYS	COM	871607107	226	3,800	SH		SOLE	3	3,800	0	0
SYSCO	COM	871829107	4,553	92,900	SH		SOLE	3	92,900	0	0
T MOBILE US	COM	872590104	395	8,450	SH		SOLE	3	8,450	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	612	20,000	SH		SOLE	3	20,000	0	0
TAKE-TWO INTERACTIVE SOFTWAR	NOTE 1.750%12/0 ADDED	874054AC3	21,287	9,021,000	PRN		DFND	4,1,2	9,021,000	0	0
TAL ED GROUP ADS	COM	874080104	50	700	SH		SOLE	3	700	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	448	11,500	SH		SOLE	3	11,500	0	0
TARENA INTL	ADR	876108101	434	30,000	SH		SOLE	3	30,000	0	0
TARGET	COM	87612E106	2,452	35,700	SH		OTR	3	35,700	0	0
TARGET	COM	87612E106	4,801	69,900	SH		SOLE	3	69,900	0	0
TARO PHARMACEUTICAL INDS	SHS	M8737E108	33	300	SH		SOLE	3	300	0	0
TAUBMAN CTRS	COM	876664103	164	2,200	SH		SOLE	3	2,200	0	0
TD AMERITRADE HLDG	COM	87236Y108	222	6,300	SH		SOLE	3	6,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	341	5,300	SH		OTR	3	5,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	4,622	71,800	SH		OTR	3	71,800	0	0
TE CONNECTIVITY LTD	SHS	H84989104	565	8,775	SH		SOLE	3	8,775	0	0
TEGNA	COM	87901J105	98	4,500	SH		SOLE	3	4,500	0	0
TELEDYNE TECHNOLOGIES	COM	879360105	1,880	17,420	SH		OTR	3	17,420	0	0
TELEFONICA BRASIL SA	ADR	87936R106	17	1,200	SH		SOLE	3	1,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	2,419	167,160	SH		SOLE	3	167,160	0	0
TENET HEALTHCARE	COM NEW	88033G407	1,865	82,300	SH		OTR	3	82,300	0	0
TERADATA CORP	COM	88076W103	484	15,600	SH		SOLE	3	15,600	0	0
TERRENO RLTY	COM	88146M101	47	1,700	SH		SOLE	3	1,700	0	0
TESLA MTRS	COM	88160R101	4,904	24,038	SH		DFND		24,038	0	0
TESLA MTRS	COM	88160R101	27	200	SH		DFND	4,1,2	200	0	0
TESLA MTRS	COM	88160R101	586	2,870	SH		SOLE	3	2,870	0	0
TESORO	COM	881609101	243	3,050	SH		SOLE	3	3,050	0	0
TEVA PHARMACEUTICAL INDS	ADR	881624209	2,530	55,000	SH		DFND	4,1,2	55,000	0	0
TEVA PHARMACEUTICAL INDS	ADR	881624209	53	500	SH		DFND	4,1,2	500	0	0
TEVA PHARMACEUTICAL INDS	ADR	881624209	1,159	652	SH		DFND	4,1,2	652	0	0
TEVA PHARMACEUTICAL INDS	ADR	881624209	7	1,964	SH		DFND	4,1,2	1,964	0	0
TEXAS INSTRS	COM	882508104	9,657	137,600	SH		SOLE	3	137,600	0	0
TEXTRON	COM	883203101	254	6,400	SH		SOLE	3	6,400	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	79	494	SH		OTR	3	494	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,511	9,500	SH		SOLE	3	9,500	0	0
TIER REIT	COM NEW	88650V208	26	1,700	SH		SOLE	3	1,700	0	0
TIFFANY & CO	COM	886547108	2,789	38,400	SH		OTR	3	38,400	0	0
TIFFANY & CO	COM	886547108	214	2,950	SH		SOLE	3	2,950	0	0
TIM PARTICIPACOES S A	ADR	88706P205	24	2,000	SH		SOLE	3	2,000	0	0
TIME WARNER	COM NEW	887317303	326	4,100	SH		OTR	3	4,100	0	0
TIME WARNER	COM NEW	887317303	1,552	19,499	SH		SOLE	3	19,499	0	0
TJX COS INC	COM	872540109	7,863	105,150	SH		SOLE	3	105,150	0	0
TOLL BROTHERS	COM	889478103	125	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	193	3,025	SH		SOLE	3	3,025	0	0
TORO	COM	891092108	47	1,000	SH		SOLE	3	1,000	0	0
TOTAL SYS SVCS	COM	891906109	901	19,101	SH		SOLE	3	19,101	0	0
TRACTOR SUPPLY	COM	892356106	1,172	17,400	SH		SOLE	3	17,400	0	0
TRANSDIGM GROUP	COM	893641100	781	2,700	SH		SOLE	3	2,700	0	0
TRAVELERS COMPANIES	COM	89417E109	103	900	SH		OTR	3	900	0	0
TRAVELERS COMPANIES	COM	89417E109	3,719	32,463	SH		SOLE	3	32,463	0	0
TRIBUNE MEDIA	CL A	896047503	2,199	60,200	SH		OTR	3	60,200	0	0
TRIMBLE NAVIGATION	COM	896239100	183	6,400	SH		SOLE	3	6,400	0	0
TRIPADVISOR	COM	896945201	562	8,900	SH		DFND		8,900	0	0
TRIPADVISOR	COM	896945201	186	2,950	SH		SOLE	3	2,950	0	0
TRONOX LTD	CL A	Q9235V101	56	6,000	SH		SOLE	3	6,000	0	0
TRULIA INC	NOTE 2.750%12/1	897888AB9	7,651	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	1,994	82,320	SH		SOLE	3	82,320	0	0
TWITTER	COM	90184L102	5,199	225,579	SH		DFND		225,579	0	0
TWITTER	COM	90184L102	318	13,800	SH		SOLE	3	13,800	0	0
TYSON FOODS	CL A	902494103	82	1,100	SH		OTR	3	1,100	0	0
TYSON FOODS	CL A	902494103	4,443	59,500	SH		SOLE	3	59,500	0	0
U S G	COM NEW	903293405	2,006	77,600	SH		OTR	3	77,600	0	0
UBIQUITI NETWORKS	COM	90347A100	150	2,800	SH		SOLE	3	2,800	0	0
UDR	COM	902653104	639,927	17,780,681	SH		OTR	3	17,780,681	0	0
UDR	COM	902653104	983	27,300	SH		SOLE	3	27,300	0	0
UGI CORP	COM	902681105	199	4,400	SH		SOLE	3	4,400	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	2,544	10,690	SH		SOLE	3	10,690	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	1,343	61,350	SH		SOLE	3	61,350	0	0
UMH PPTYS	COM	903002103	10	800	SH		SOLE	3	800	0	0
UMH PPTYS INC	CV RED PFD-A	903002202	527	20,512	SH		OTR	3	0	0	0
UNDER ARMOUR	CL A	904311107	640	16,565	SH		DFND		16,565	0	0
UNDER ARMOUR	CL A	904311107	162	4,200	SH		SOLE	3	4,200	0	0
UNION PAC	COM	907818108	2,794	28,650	SH		OTR	3	28,650	0	0
UNION PAC	COM	907818108	2,136	21,900	SH		SOLE	3	21,900	0	0
UNITED CONTL HLDGS	COM	910047109	1,233	23,500	SH		SOLE	3	23,500	0	0
UNITED RENTALS	COM	911363109	306	3,900	SH		SOLE	3	3,900	0	0
UNITED TECHNOLOGIES	COM	913017109	2,138	21,040	SH		SOLE	3	21,040	0	0
UNITED THERAPEUTICS CORP	COM	91307C102	136	1,150	SH		SOLE	3	1,150	0	0
UNITEDHEALTH GROUP	COM	91324P102	8,350	59,643	SH		OTR	3	59,643	0	0
UNITEDHEALTH GROUP	COM	91324P102	18,937	135,266	SH		SOLE	3	135,266	0	0
UNUM	COM	91529Y106	212	6,000	SH		SOLE	3	6,000	0	0
URBAN EDGE	COM	91704F104	94	3,343	SH		SOLE	3	3,343	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	22	1,000	SH		SOLE	3	1,000	0	0
URSTADT BIDDLE PPTYS INC	PFD-G CV 6.75%	917286809	4,280	162,425	SH		OTR	3	0	0	0
US BANCORP	COM NEW	902973304	1,808	42,150	SH		SOLE	3	42,150	0	0
V F	COM	918204108	4,368	77,935	SH		OTR	3	77,935	0	0
V F	COM	918204108	1,970	35,150	SH		SOLE	3	35,150	0	0
VALE S	ADR	91912E105	191	34,900	SH		DFND		34,900	0	0
VALE S	ADR	91912E105	89	16,100	SH		SOLE	3	16,100	0	0
VALE S	ADR	91912E105	1,974	358,900	SH		SOLE	3	358,900	0	0
VALERO ENERGY CORP	COM	91913Y100	2,931	55,300	SH		OTR	3	55,300	0	0
VALERO ENERGY CORP	COM	91913Y100	1,342	25,312	SH		SOLE	3	25,312	0	0
VALIDUS HOLDINGS LTD	SHS	G9319H102	932	18,700	SH		SOLE	3	18,700	0	0
VALSPAR	COM	920355104	202	1,900	SH		SOLE	3	1,900	0	0
VANTIV	CL A	92210H105	988	17,550	SH		SOLE	3	17,550	0	0
VARIAN MED SYS	COM	92220P105	229	2,300	SH		SOLE	3	2,300	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	20,787	14,000,000	PRN		DFND	4,1,2	14,000,000	0	0
VENTAS	COM	92276F100	274,788	3,890,527	SH		OTR	3	3,890,527	0	0
VENTAS	COM	92276F100	2,106	29,824	SH		SOLE	3	29,824	0	0
VENTAS	COM	92276F100	86	1,215	SH		SOLE	3	1,215	0	0
VEREIT	COM	92339V100	917	88,474	SH		SOLE	3	88,474	0	0
VERISIGN	COM	92343E102	184	2,350	SH		SOLE	3	2,350	0	0
VERISIGN INC	SDCV 3.250% 8/1	92343EAD4	22,903	10,000,000	PRN		DFND	4,1,2	10,000,000	0	0
VERISK ANALYTICS	COM	92345Y106	321	3,950	SH		SOLE	3	3,950	0	0
VERIZON COMMUNICATIONS	COM	92343V104	2,916	56,100	SH		OTR	3	56,100	0	0
VERIZON COMMUNICATIONS	COM	92343V104	5,650	108,688	SH		SOLE	3	108,688	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	528	6,050	SH		SOLE	3	6,050	0	0
VIPSHOP HLDGS LTD	ADR	92763W103	882	60,100	SH		SOLE	3	60,100	0	0
VISA INC	CL A	92826C839	1,778	21,500	SH		DFND	4,1,2	21,500	0	0
VISA INC	CL A	92826C839	122	700	SH		DFND	4,1,2	700	0	0
VISA INC	CL A	92826C839	6,219	75,198	SH		OTR	3	75,198	0	0
VISA INC	CL A	92826C839	19,372	234,240	SH		SOLE	3	234,240	0	0
VITAMIN SHOPPE	COM	92849E101	199	7,400	SH		SOLE	3	7,400	0	0
VMWARE INC CL	COM	928563402	154	2,100	SH		SOLE	3	2,100	0	0
VOYA FINL	COM	929089100	254	8,800	SH		SOLE	3	8,800	0	0
VULCAN MATLS	COM	929160109	1,740	15,300	SH		SOLE	3	15,300	0	0
W P CAREY	COM	92936U109	607	9,400	SH		SOLE	3	9,400	0	0
WABCO HLDGS	COM	92927K102	2,752	24,240	SH		OTR	3	24,240	0	0
WABCO HLDGS	COM	92927K102	156	1,370	SH		SOLE	3	1,370	0	0
WABTEC	COM	929740108	188	2,300	SH		SOLE	3	2,300	0	0
WAL-MART STORES	COM	931142103	360	5,000	SH		DFND	4,1,2	5,000	0	0
WAL-MART STORES	COM	931142103	45	500	SH		DFND	4,1,2	500	0	0
WAL-MART STORES	COM	931142103	4,752	65,890	SH		SOLE	3	65,890	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	1,818	22,550	SH		SOLE	3	22,550	0	0
WASHINGTON PRIME GROUP	COM	93964W108	84	6,753	SH		SOLE	3	6,753	0	0
WASTE CONNECTIONS	COM	94106B101	1,733	23,205	SH		SOLE	3	23,205	0	0
WASTE MGMT INC	COM	94106L109	4,667	73,200	SH		SOLE	3	73,200	0	0
WATERS	COM	941848103	1,300	8,200	SH		SOLE	3	8,200	0	0
WEATHERFORD INTL PLC	SHS	G48833100	119	21,200	SH		SOLE	3	21,200	0	0
WEC ENERGY GROUP	COM	92939U106	66	1,100	SH		OTR	3	1,100	0	0
WEC ENERGY GROUP	COM	92939U106	2,981	49,780	SH		SOLE	3	49,780	0	0
WEIBO CORP	ADR	948596101	1,103	22,000	SH		SOLE	3	22,000	0	0
WELLS FARGO & CO	COM	949746101	5,935	134,026	SH		OTR	3	134,026	0	0
WELLS FARGO & CO	COM	949746101	5,190	117,209	SH		SOLE	3	117,209	0	0
WELLTOWER	COM	95040Q104	47,603	636,660	SH		OTR	3	636,660	0	0
WELLTOWER	COM	95040Q104	2,266	30,300	SH		SOLE	3	30,300	0	0
WESTAR ENERGY	COM	95709T100	182	3,200	SH		SOLE	3	3,200	0	0
WESTERN DIGITAL	COM	958102105	199	3,400	SH		OTR	3	3,400	0	0
WESTERN DIGITAL	COM	958102105	406	6,945	SH		SOLE	3	6,945	0	0
WESTERN UN	COM	959802109	1,317	63,246	SH		SOLE	3	63,246	0	0
WESTROCK	COM	96145D105	303	6,242	SH		SOLE	3	6,242	0	0
WEYERHAEUSER	COM	962166104	611	19,118	SH		SOLE	3	19,118	0	0
WHEELER REAL ESTATE INVT	COM	963025101	4	2,500	SH		SOLE	3	2,500	0	0
WHIRLPOOL	COM	963320106	908	5,600	SH		OTR	3	5,600	0	0
WHIRLPOOL	COM	963320106	324	2,000	SH		SOLE	3	2,000	0	0
WHITE MTNS INS GROUP	COM	G9618E107	1,328	1,600	SH		SOLE	3	1,600	0	0
WHITESTONE	COM	966084204	14	1,000	SH		SOLE	3	1,000	0	0
WHITEWAVE FOODS	COM	966244105	239	4,400	SH		SOLE	3	4,400	0	0
WHOLE FOODS MKT	COM	966837106	1,018	35,900	SH		SOLE	3	35,900	0	0
WILLIAMS COS INC	COM	969457100	529	17,200	SH		SOLE	3	17,200	0	0
WILLIS TOWERS WATSON PUB	SHS	G96629103	418	3,146	SH		SOLE	3	3,146	0	0
WISDOMTREE INVTS	COM	97717P104	1,916	186,197	SH		OTR	3	186,197	0	0
WORKDAY	CL A	98138H101	3,982	43,429	SH		OTR	3	43,429	0	0
WORKDAY	CL A	98138H101	261	2,850	SH		SOLE	3	2,850	0	0
WPX ENERGY	COM	98212B103	1,924	145,894	SH		OTR	3	145,894	0	0
WYNDHAM WORLDWIDE	COM	98310W108	451	6,700	SH		SOLE	3	6,700	0	0
WYNN RESORTS	COM	983134107	341	3,500	SH		SOLE	3	3,500	0	0
XCEL ENERGY	COM	98389B100	3,057	74,300	SH		SOLE	3	74,300	0	0
XENIA HOTELS & RESORTS	COM	984017103	59	3,900	SH		SOLE	3	3,900	0	0
XEROX	COM	984121103	205	20,253	SH		SOLE	3	20,253	0	0
XILINX	COM	983919101	340	6,250	SH		SOLE	3	6,250	0	0
XILINX INC	NOTE 2.625% 6/1	983919AF8	94,245	50,000,000	PRN		DFND	4,1,2	50,000,000	0	0
XL GROUP	COM	G98294104	242	7,200	SH		SOLE	3	7,200	0	0
XYLEM	COM	98419M100	1,545	29,450	SH		SOLE	3	29,450	0	0
YAHOO	COM	984332106	809	18,782	SH		DFND		18,782	0	0
YAHOO	COM	984332106	3	3,000	SH		DFND	4,1,2	3,000	0	0
YAHOO	COM	984332106	2	2,000	SH		DFND	4,1,2	2,000	0	0
YAHOO	COM	984332106	15	1,000	SH		DFND	4,1,2	1,000	0	0
YAHOO	COM	984332106	948	22,000	SH		SOLE	3	22,000	0	0
YAHOO INC	NOTE 12/0	984332AF3	20,494	20,000,000	PRN		DFND	4,1,2	20,000,000	0	0
YELP	CL A	985817105	3,185	76,394	SH		DFND		76,394	0	0
YUM BRANDS	COM	988498101	2,906	32,000	SH		SOLE	3	32,000	0	0
ZILLOW GROUP	CL A	98954M101	2	2,000	SH		DFND	4,1,2	2,000	0	0
ZILLOW GROUP	CL A	98954M101	3	642	SH		DFND	4,1,2	642	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	637	4,900	SH		SOLE	3	4,900	0	0
ZOETIS	CL A	98978V103	744	14,300	SH		SOLE	3	14,300	0	0