The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 |
| SPDR S&P 500 ETF TRUST S1 | COM | 78462F103 | 30,394 | 183,059 | SH | DFND | 0 | 0 | 30,394 | ||
| VANGUARD INDEX FUNDS EUROPEAN ETF | COM | 922042874 | 24,397 | 453,746 | SH | DFND | 0 | 0 | 24,397 | ||
| GUGGENHEIM ETF TRUST S&P 500 | COM | 78355W106 | 20,435 | 319,207 | SH | DFND | 0 | 0 | 20,435 | ||
| JPMORGAN EXCHANGE ALERIAN MLP | COM | 46625H365 | 17,583 | 403,744 | SH | DFND | 0 | 0 | 17,583 | ||
| VANGUARD INDEX FUNDS REIT ETF | COM | 922908553 | 15,382 | 238,812 | SH | DFND | 0 | 0 | 15,382 | ||
| ISHARES DJ SELECT INDEX DIVIDEND FUND | COM | 464287168 | 14,960 | 231,797 | SH | DFND | 0 | 0 | 14,960 | ||
| VANGUARD INDEX FUNDS EMMA ETF | COM | 922042858 | 10,328 | 257,496 | SH | DFND | 0 | 0 | 10,328 | ||
| ISHARES S&P EUROPE 350 ETF | COM | 464287861 | 8,986 | 203,572 | SH | DFND | 0 | 0 | 8,986 | ||
| SPDR DJ INDUSTRIAL AVERAGE ETF TRUST | COM | 78467X109 | 8,966 | 61,661 | SH | DFND | 0 | 0 | 8,966 | ||
| ISHARES INC MSCI JAPAN ETF | COM | 464286848 | 7,144 | 608,535 | SH | DFND | 0 | 0 | 7,144 | ||
| ISHARES INC MSCI PACIFIC EX-JAPAN ETF | COM | 464286665 | 6,763 | 145,372 | SH | DFND | 0 | 0 | 6,763 | ||
| ISHARES TRUST BARCLAYS INTERMEDIATE CREDIT BOND FUND ETF | COM | 464288638 | 6,353 | 58,865 | SH | DFND | 0 | 0 | 6,353 | ||
| ISHARES INC MSCI EMMA ETF | COM | 464287234 | 6,076 | 158,094 | SH | DFND | 0 | 0 | 6,076 | ||
| ISHARES TRUST RUSSELL 2000 ETF | COM | 464287655 | 2,560 | 24,857 | SH | DFND | 0 | 0 | 2,560 | ||
| SPDR INDEX SHARES FUNDS EMMA ASIA PAC ETF | COM | 78463X301 | 2,218 | 29,528 | SH | DFND | 0 | 0 | 2,218 | ||
| ISHARES TRUST BARCLAYS 1-3 YEAR CREDIT BOND FUND ETF | COM | 464288646 | 2,180 | 20,706 | SH | DFND | 0 | 0 | 2,180 | ||
| POWERSHARES ETF FUND TRUST II | COM | 73936Q769 | 1,927 | 78,064 | SH | DFND | 0 | 0 | 1,927 | ||
| APPLE INC | COM | 37833100 | 1,882 | 3,947 | SH | DFND | 0 | 0 | 1,882 | ||
| ISHARES DOW JONES US REAL ESTATE ETF | COM | 464287739 | 1,494 | 23,430 | SH | DFND | 0 | 0 | 1,494 | ||
| ISHARES TRUST IBOXX USD HIGH YIELD CORPORATE BOND ETF | COM | 464288513 | 838 | 9,149 | SH | DFND | 0 | 0 | 838 | ||
| ISHARES MSCI EAFE ETF | COM | 464287465 | 734 | 11,500 | SH | DFND | 0 | 0 | 734 | ||
| BANK OF AMERICA CORP | COM | 60505104 | 729 | 52,850 | SH | DFND | 0 | 0 | 729 | ||
| ISHARES MSCI POLAND INVESTABLE MARKET ETF | COM | 46429B606 | 560 | 21,093 | SH | DFND | 0 | 0 | 560 | ||
| MARKET VECTORS ETF TRUST BENEF INTEREST RUSSIA ETF | COM | 57060U506 | 542 | 20,742 | SH | DFND | 0 | 0 | 542 | ||
| RAYONIER INC REIT | COM | 754907103 | 219 | 4,311 | SH | DFND | 0 | 0 | 219 | ||
| PLUM CREEK TIMBER COMPANY INC REIT | COM | 729251108 | 212 | 4,985 | SH | DFND | 0 | 0 | 212 | ||
| WEYERHAEUSER CO | COM | 962166104 | 210 | 8,095 | SH | DFND | 0 | 0 | 210 | ||
| POTLATCH CORP | COM | 737630103 | 203 | 5,647 | SH | DFND | 0 | 0 | 203 | ||
| SPDR INDEX SHARES FUNDS EMMA MIDDLE EAST & AFRICA ETF | COM | 78463X806 | 144 | 2,143 | SH | DFND | 0 | 0 | 144 | ||
| ISHARES TRUST JP MORGAN USD EMMA BOND FUND ETF | COM | 464288281 | 120 | 1,100 | SH | DFND | 0 | 0 | 120 | ||