Guardian Life Insurance Co Of America 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
ADT CORP/ THE	COM	00101J106	36	1,033	SH		SOLE		1,033	0	0
AFLAC INC.	COM	001055102	161	2,586	SH		SOLE		2,586	0	0
AGL RESOURCES INC.	COM	001204106	37	670	SH		SOLE		670	0	0
AES CORP.	COM	00130H105	58	3,737	SH		SOLE		3,737	0	0
AT&T, INC.	COM	00206R102	1,045	29,540	SH		SOLE		29,540	0	0
ABBOTT LABORATORIES	COM	002824100	358	8,754	SH		SOLE		8,754	0	0
ADOBE SYSTEMS INC	COM	00724F101	189	2,618	SH		SOLE		2,618	0	0
AETNA INC - NEW	COM	00817Y108	168	2,069	SH		SOLE		2,069	0	0
AGILENT TECHNOLOGIES INC.	COM	00846U101	109	1,891	SH		SOLE		1,891	0	0
AIR LEASE CORP	NOTE	00912XAK0	976	650,000	PRN		SOLE		650,000	0	0
AIR PRODUCTS AND CHEMICALS INC	COM	009158106	153	1,189	SH		SOLE		1,189	0	0
AIRGAS INC.	COM	009363102	41	374	SH		SOLE		374	0	0
AIRTRAN CORP.	NOTE	00949PAD0	7,623	3,600,000	PRN		SOLE		3,600,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	61	1,006	SH		SOLE		1,006	0	0
ALCOA INC	COM	013817101	99	6,643	SH		SOLE		6,643	0	0
ALEXION PHARMACEUTICALS INC.	COM	015351109	173	1,104	SH		SOLE		1,104	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	28	610	SH		SOLE		610	0	0
ALLERGAN INC.	COM	018490102	283	1,675	SH		SOLE		1,675	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	85	301	SH		SOLE		301	0	0
ALLSTATE CORP	COM	020002101	149	2,537	SH		SOLE		2,537	0	0
ALTERA CORP	COM	021441100	63	1,803	SH		SOLE		1,803	0	0
ALTRIA GROUP INC.	COM	02209S103	474	11,305	SH		SOLE		11,305	0	0
AMAZON.COM INC.	COM	023135106	685	2,110	SH		SOLE		2,110	0	0
AMEREN CORP.	COM	023608102	56	1,370	SH		SOLE		1,370	0	0
AMERICAN ELECTRIC POWER	COM	025537101	154	2,767	SH		SOLE		2,767	0	0
AMERICAN EXPRESS	COM	025816109	492	5,187	SH		SOLE		5,187	0	0
AMERICAN INTERNATIONAL GROUP	COM	026874784	452	8,289	SH		SOLE		8,289	0	0
AMERICAN TOWER CORP	COM	03027X100	200	2,222	SH		SOLE		2,222	0	0
AMERISOURCEBERGEN CORP.	COM	03073E105	94	1,295	SH		SOLE		1,295	0	0
AMERIPRISE FINANCIAL, INC	COM	03076C106	132	1,096	SH		SOLE		1,096	0	0
AMETEK INC	COM	031100100	72	1,378	SH		SOLE		1,378	0	0
AMGEN INC	COM	031162100	507	4,283	SH		SOLE		4,283	0	0
AMPHENOL CORP.	COM	032095101	86	892	SH		SOLE		892	0	0
ANADARKO PETROLEUM CORP	COM	032511107	313	2,857	SH		SOLE		2,857	0	0
ANALOG DEVICES INC	COM	032654105	95	1,754	SH		SOLE		1,754	0	0
APACHE CORP	COM	037411105	226	2,248	SH		SOLE		2,248	0	0
APARTMENT INVT & MGMT CO	COM	03748R101	27	824	SH		SOLE		824	0	0
APPLE INC.	COM	037833100	3,292	35,427	SH		SOLE		35,427	0	0
APPLIED MATERIALS INC	COM	038222105	155	6,870	SH		SOLE		6,870	0	0
ARCHER-DANIELS-MIDLAND CO	COM	039483102	165	3,735	SH		SOLE		3,735	0	0
ARES CAPITAL CORP.	NOTE	04010LAB9	16,256	15,300,000	PRN		SOLE		15,300,000	0	0
ASSURANT INC	COM	04621X108	27	410	SH		SOLE		410	0	0
AUTODESK INC	COM	052769106	72	1,270	SH		SOLE		1,270	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	217	2,733	SH		SOLE		2,733	0	0
AUTONATION, INC.	COM	05329W102	22	362	SH		SOLE		362	0	0
AUTOZONE INC	COM	053332102	103	192	SH		SOLE		192	0	0
AVALON BAY COMMUNITIES INC	COM	053484101	98	687	SH		SOLE		687	0	0
AVERY-DENNISON CORP	COM	053611109	28	544	SH		SOLE		544	0	0
AVON PRODUCTS INC	COM	054303102	36	2,447	SH		SOLE		2,447	0	0
BB&T CORPORATION	COM	054937107	159	4,032	SH		SOLE		4,032	0	0
BAKER HUGHES INC.	COM	057224107	186	2,500	SH		SOLE		2,500	0	0
BALL CORP	COM	058498106	50	798	SH		SOLE		798	0	0
BANK OF AMERICA CORP.	COM	060505104	922	59,955	SH		SOLE		59,955	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	241	6,440	SH		SOLE		6,440	0	0
BARD (C.R.) INC	COM	067383109	63	439	SH		SOLE		439	0	0
BAXTER INTERNATIONAL INC	COM	071813109	223	3,081	SH		SOLE		3,081	0	0
BECTON DICKINSON & CO	COM	075887109	130	1,096	SH		SOLE		1,096	0	0
BED BATH & BEYOND INC.	COM	075896100	69	1,209	SH		SOLE		1,209	0	0
BEMIS CO.	COM	081437105	24	581	SH		SOLE		581	0	0
BERKSHIRE HATHAWAY INC	COM	084670702	1,292	10,212	SH		SOLE		10,212	0	0
BEST BUY COMPANY INC	COM	086516101	48	1,538	SH		SOLE		1,538	0	0
BIOMARIN PHARMACEUTICAL INC	NOTE	09061GAF8	8,425	8,000,000	PRN		SOLE		8,000,000	0	0
BIOGEN IDEC INC	COM	09062X103	419	1,330	SH		SOLE		1,330	0	0
BLACKROCK INC	COM	09247X101	227	711	SH		SOLE		711	0	0
BLOCK H & R INC	COM	093671105	52	1,539	SH		SOLE		1,539	0	0
BOEING CO.	COM	097023105	495	3,892	SH		SOLE		3,892	0	0
BORG-WARNER AUTOMOTIVE INC	COM	099724106	84	1,282	SH		SOLE		1,282	0	0
BOSTON PROPERTIES INC.	COM	101121101	102	860	SH		SOLE		860	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	96	7,517	SH		SOLE		7,517	0	0
BOTTOMLINE TECHNOLOGIES INC.	NOTE	101388AA4	11,210	9,500,000	PRN		SOLE		9,500,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	452	9,326	SH		SOLE		9,326	0	0
BRISTOW GROUP, INC.	NOTE	110394AC7	12,795	10,100,000	PRN		SOLE		10,100,000	0	0
BROADCOM CORP	COM	111320107	116	3,131	SH		SOLE		3,131	0	0
BROOKDALE SENIOR LIVING INC	NOTE	112463AA2	9,397	6,900,000	PRN		SOLE		6,900,000	0	0
BROWN-FORMAN CORP.	COM	115637209	86	917	SH		SOLE		917	0	0
CBS CORP	COM	124857202	195	3,142	SH		SOLE		3,142	0	0
CBRE GROUP INC	COM	12504L109	50	1,565	SH		SOLE		1,565	0	0
CF INDUSTRIES HOLDINGS INC	COM	125269100	71	296	SH		SOLE		296	0	0
C H ROBINSON WORLDWIDE INC	COM	12541W209	54	854	SH		SOLE		854	0	0
CIGNA CORP	COM	125509109	143	1,557	SH		SOLE		1,557	0	0
CME Group Inc.	COM	12572Q105	126	1,774	SH		SOLE		1,774	0	0
CMS ENERGY CORP.	COM	125896100	47	1,501	SH		SOLE		1,501	0	0
CSX CORP.	COM	126408103	176	5,707	SH		SOLE		5,707	0	0
CVS/ CAREMARK CORP	COM	126650100	505	6,701	SH		SOLE		6,701	0	0
CA, INC	COM	12673P105	53	1,830	SH		SOLE		1,830	0	0
CABLEVISION SYSTEMS NY	COM	12686C109	21	1,208	SH		SOLE		1,208	0	0
CABOT OIL & GAS CORP	COM	127097103	82	2,395	SH		SOLE		2,395	0	0
CAMERON INTERNATIONAL CORP.	COM	13342B105	78	1,159	SH		SOLE		1,159	0	0
CAMPBELL SOUP CO	COM	134429109	46	1,008	SH		SOLE		1,008	0	0
CAPITAL ONE FINANCIAL CORP	COM	14040H105	268	3,246	SH		SOLE		3,246	0	0
CARDINAL HEALTH INC	COM	14149Y108	133	1,945	SH		SOLE		1,945	0	0
CAREFUSION CORP	COM	14170T101	53	1,190	SH		SOLE		1,190	0	0
CARMAX INC	COM	143130102	66	1,262	SH		SOLE		1,262	0	0
CATERPILLAR INC	COM	149123101	393	3,618	SH		SOLE		3,618	0	0
CELGENE CORP	COM	151020104	399	4,642	SH		SOLE		4,642	0	0
CENTERPOINT ENERGY	COM	15189T107	62	2,414	SH		SOLE		2,414	0	0
CENTURYLINK INC	COM	156700106	119	3,279	SH		SOLE		3,279	0	0
CERNER CORP.	COM	156782104	86	1,665	SH		SOLE		1,665	0	0
CHART INDUSTRIES INC	NOTE	16115QAC4	12,851	9,200,000	PRN		SOLE		9,200,000	0	0
CHESAPEAKE ENERGY	COM	165167107	89	2,872	SH		SOLE		2,872	0	0
CHESAPEAKE ENERGY	NOTE	165167BW6	11,024	10,400,000	PRN		SOLE		10,400,000	0	0
CHEVRONTEXACO CORP	COM	166764100	1,413	10,827	SH		SOLE		10,827	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	104	175	SH		SOLE		175	0	0
CHUBB CORP	COM	171232101	128	1,394	SH		SOLE		1,394	0	0
CINCINNATI FINANCIAL CORP	COM	172062101	40	832	SH		SOLE		832	0	0
CISCO SYSTEMS INC	COM	17275R102	726	29,224	SH		SOLE		29,224	0	0
CINTAS CORPORATION	COM	172908105	36	567	SH		SOLE		567	0	0
CITIGROUP INC	COM	172967424	811	17,226	SH		SOLE		17,226	0	0
CITRIX SYSTEMS INC.	COM	177376100	58	930	SH		SOLE		930	0	0
CLOROX COMPANY	COM	189054109	66	727	SH		SOLE		727	0	0
COACH INC.	COM	189754104	54	1,579	SH		SOLE		1,579	0	0
COCA-COLA CO.	COM	191216100	911	21,495	SH		SOLE		21,495	0	0
COCA COLA ENTERPRISES	COM	19122T109	65	1,360	SH		SOLE		1,360	0	0
COGNIZANT TECH SOLUTIONS	COM	192446102	169	3,446	SH		SOLE		3,446	0	0
COLGATE PALMOLIVE CO.	COM	194162103	337	4,949	SH		SOLE		4,949	0	0
COMCAST CORP.	COM	20030N101	794	14,787	SH		SOLE		14,787	0	0
COMERICA INC	COM	200340107	52	1,030	SH		SOLE		1,030	0	0
COMPUTER SCIENCES CORP	COM	205363104	52	829	SH		SOLE		829	0	0
CONAGRA FOODS INC.	COM	205887102	71	2,376	SH		SOLE		2,376	0	0
CONOCOPHILLIPS	COM	20825C104	596	6,955	SH		SOLE		6,955	0	0
CONSOL ENERGY INC.	COM	20854P109	60	1,292	SH		SOLE		1,292	0	0
CONSTELLATION BRANDS INC	COM	21036P108	82	936	SH		SOLE		936	0	0
CORNING, INC.	COM	219350105	163	7,424	SH		SOLE		7,424	0	0
COSTCO WHOLESALE CORP	COM	22160K105	287	2,494	SH		SOLE		2,494	0	0
CROWN CASTLE INTL CORP.	COM	228227104	140	1,880	SH		SOLE		1,880	0	0
CUBIST PHARMACEUTICALS INC.	NOTE	229678AD9	12,256	5,000,000	PRN		SOLE		5,000,000	0	0
CUMMINS INC.	COM	231021106	152	983	SH		SOLE		983	0	0
D.R. HORTON INC	COM	23331A109	39	1,604	SH		SOLE		1,604	0	0
DTE ENERGY COMPANY	COM	233331107	77	995	SH		SOLE		995	0	0
DANAHER CORP	COM	235851102	268	3,407	SH		SOLE		3,407	0	0
DARDEN RESTAURANTS INC.	COM	237194105	34	736	SH		SOLE		736	0	0
DAVITA HEALTHCARE PARTNER,INC	COM	23918K108	72	996	SH		SOLE		996	0	0
DEALERTRACK TECHNOLOGIES	NOTE	242309AB8	12,852	9,600,000	PRN		SOLE		9,600,000	0	0
DEERE & CO	COM	244199105	190	2,098	SH		SOLE		2,098	0	0
DELTA AIR LINES INC.	COM	247361702	187	4,817	SH		SOLE		4,817	0	0
DENBURY RESOURCES INC	COM	247916208	37	2,020	SH		SOLE		2,020	0	0
DENTSPLY INTERNATIONAL INC.	COM	249030107	38	803	SH		SOLE		803	0	0
DEVON ENERGY CORP NEW	COM	25179M103	172	2,172	SH		SOLE		2,172	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	20	393	SH		SOLE		393	0	0
DIGITAL REALTY TRUST, INC.	COM	253868103	8,121	139,254	SH		SOLE		139,254	0	0
DISNEY (WALT) CO HOLDING CO	COM	254687106	792	9,243	SH		SOLE		9,243	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	166	2,672	SH		SOLE		2,672	0	0
DISCOVERY COMMUNICATIONS	COM	25470F104	94	1,271	SH		SOLE		1,271	0	0
DIRECTV USD0.01	COM	25490A309	229	2,688	SH		SOLE		2,688	0	0
DOLLAR GENERAL CORP	COM	256677105	95	1,659	SH		SOLE		1,659	0	0
DOLLAR TREE INC	COM	256746108	64	1,175	SH		SOLE		1,175	0	0
DOVER CORP	COM	260003108	88	964	SH		SOLE		964	0	0
DOW CHEMICAL	COM	260543103	355	6,897	SH		SOLE		6,897	0	0
DR. PEPPER SNAPPLE GROUP INC	COM	26138E109	66	1,130	SH		SOLE		1,130	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	344	5,259	SH		SOLE		5,259	0	0
DUKE ENERGY CORP	COM	26441C204	297	4,007	SH		SOLE		4,007	0	0
DUN & BRADSTREET CORP.	COM	26483E100	24	219	SH		SOLE		219	0	0
EMC CORP/MASS	COM	268648102	303	11,492	SH		SOLE		11,492	0	0
EOG RESOURCES INC	COM	26875P101	362	3,098	SH		SOLE		3,098	0	0
EQT CORPORATION	COM	26884L109	91	850	SH		SOLE		850	0	0
ETFS PLATINUM TRUST	COM	26922V101	5,105	35,295	SH		SOLE		35,295	0	0
ETFS PHYSICAL PALLADIUM SHARES	COM	26923A106	3,403	41,406	SH		SOLE		41,406	0	0
E TRADE FINANCIAL CORP	COM	269246401	34	1,620	SH		SOLE		1,620	0	0
EASTMAN CHEMICAL	COM	277432100	76	871	SH		SOLE		871	0	0
EBAY INC	COM	278642103	331	6,610	SH		SOLE		6,610	0	0
ECOLAB INC	COM	278865100	170	1,531	SH		SOLE		1,531	0	0
EDISON INTERNATIONAL, INC.	COM	281020107	107	1,839	SH		SOLE		1,839	0	0
EDWARDS LIFESCIENCES	COM	28176E108	53	616	SH		SOLE		616	0	0
ELECTRONIC ARTS INC.	COM	285512109	62	1,740	SH		SOLE		1,740	0	0
EMERSON ELECTRIC CO	COM	291011104	265	3,988	SH		SOLE		3,988	0	0
ENERSYS	NOTE	29275YAA0	15,939	9,250,000	PRN		SOLE		9,250,000	0	0
ENTERGY CORP	COM	29364G103	83	1,006	SH		SOLE		1,006	0	0
EQUIFAX INC	COM	294429105	50	685	SH		SOLE		685	0	0
EQUINIX	NOTE	29444UAG1	11,741	6,200,000	PRN		SOLE		6,200,000	0	0
EQUITY RESIDENTIAL	COM	29476L107	119	1,891	SH		SOLE		1,891	0	0
ESSEX PROPERTY TRUST INC.	COM	297178105	65	349	SH		SOLE		349	0	0
EXELON CORP	COM	30161N101	177	4,864	SH		SOLE		4,864	0	0
EXPEDIA INC.	COM	30212P303	46	580	SH		SOLE		580	0	0
EXPEDITORS INTL WASH INC	COM	302130109	51	1,158	SH		SOLE		1,158	0	0
EXPRESS SCRIPTS HOLDING CO.	COM	30219G108	305	4,403	SH		SOLE		4,403	0	0
EXXON MOBIL CORP	COM	30231G102	2,468	24,515	SH		SOLE		24,515	0	0
FLIR SYSTEMS INC.	COM	302445101	28	802	SH		SOLE		802	0	0
FMC CORP	COM	302491303	53	751	SH		SOLE		751	0	0
FMC TECHNOLOGIES INC	COM	30249U101	81	1,332	SH		SOLE		1,332	0	0
FACEBOOK INC	COM	30303M102	652	9,691	SH		SOLE		9,691	0	0
FAMILY DOLLAR STORES INC.	COM	307000109	36	546	SH		SOLE		546	0	0
FASTENAL COMPANY	COM	311900104	76	1,537	SH		SOLE		1,537	0	0
FEDEX CORP	COM	31428X106	239	1,576	SH		SOLE		1,576	0	0
F5 NETWORKS INC.	COM	315616102	49	437	SH		SOLE		437	0	0
FIDELTY NATIIONAL INFORMATION	COM	31620M106	90	1,639	SH		SOLE		1,639	0	0
FIDELITY NATIONAL TITLE	NOTE	31620RAE5	6,891	4,200,000	PRN		SOLE		4,200,000	0	0
FIFTH THIRD BANCORP	COM	316773100	103	4,831	SH		SOLE		4,831	0	0
FIRST SOLAR INC	COM	336433107	28	397	SH		SOLE		397	0	0
FISERV, INC.	COM	337738108	88	1,453	SH		SOLE		1,453	0	0
FIRSTENERGY CORP	COM	337932107	82	2,375	SH		SOLE		2,375	0	0
FLUOR CORP	COM	343412102	71	920	SH		SOLE		920	0	0
FLOWSERVE CORPORATION	COM	34354P105	58	786	SH		SOLE		786	0	0
FORD MOTOR CO.	COM	345370860	386	22,373	SH		SOLE		22,373	0	0
FOREST LABORATORIES, INC.	COM	345838106	132	1,333	SH		SOLE		1,333	0	0
FOSSIL GROUP INC	COM	34988V106	29	277	SH		SOLE		277	0	0
FRANKLIN RESOURCES INC	COM	354613101	131	2,273	SH		SOLE		2,273	0	0
FREEPORT MCMORAN INC	COM	35671D857	215	5,891	SH		SOLE		5,891	0	0
FRONTIER COMMUNICATIONS CO.	COM	35906A108	33	5,670	SH		SOLE		5,670	0	0
GAMESTOP CORP	COM	36467W109	27	660	SH		SOLE		660	0	0
GANNETT CO	COM	364730101	40	1,283	SH		SOLE		1,283	0	0
GAP INC	COM	364760108	62	1,492	SH		SOLE		1,492	0	0
GENERAL DYNAMICS CORP	COM	369550108	215	1,845	SH		SOLE		1,845	0	0
GENERAL ELECTRIC	COM	369604103	1,496	56,920	SH		SOLE		56,920	0	0
GENERAL GROWTH PROPERTIES	COM	370023103	70	2,958	SH		SOLE		2,958	0	0
GENERAL MILLS INC	COM	370334104	186	3,544	SH		SOLE		3,544	0	0
GENERAL MOTORS CORP	COM	37045V100	268	7,395	SH		SOLE		7,395	0	0
GENUINE PARTS CO	COM	372460105	76	869	SH		SOLE		869	0	0
GENWORTH FINANCIAL INC.	COM	37247D106	49	2,810	SH		SOLE		2,810	0	0
GILEAD SCIENCES INC	COM	375558103	723	8,726	SH		SOLE		8,726	0	0
GILEAD SCIENCES INC	NOTE	375558AP8	32,805	9,000,000	PRN		SOLE		9,000,000	0	0
GOLDMAN SACHS	COM	38141G104	397	2,372	SH		SOLE		2,372	0	0
GOODYEAR TIRE & RUBBER CO	COM	382550101	43	1,563	SH		SOLE		1,563	0	0
GOOGLE INC-CL A	COM	38259P508	936	1,601	SH		SOLE		1,601	0	0
GOOGLE INC-CL C	COM	38259P706	921	1,601	SH		SOLE		1,601	0	0
GRAHAM HOLDINGS COMPANY	COM	384637104	18	25	SH		SOLE		25	0	0
GRAINGER WW INC	COM	384802104	89	350	SH		SOLE		350	0	0
HCP INC	COM	40414L109	107	2,593	SH		SOLE		2,593	0	0
HALLIBURTON CO	COM	406216101	343	4,827	SH		SOLE		4,827	0	0
HARLEY DAVIDSON	COM	412822108	87	1,245	SH		SOLE		1,245	0	0
HARMAN INTERNATIONAL	COM	413086109	41	385	SH		SOLE		385	0	0
HARRIS CORP	COM	413875105	46	604	SH		SOLE		604	0	0
HARTFORD FINANCIAL SERVICES GROUP	COM	416515104	90	2,517	SH		SOLE		2,517	0	0
HASBRO INC	COM	418056107	35	652	SH		SOLE		652	0	0
HEALTH CARE REIT INC	COM	42217K106	103	1,645	SH		SOLE		1,645	0	0
HELMERICH AND PAYNE	COM	423452101	70	601	SH		SOLE		601	0	0
HERSHEY FOODS CORP	COM	427866108	82	844	SH		SOLE		844	0	0
HESS CORP	COM	42809H107	153	1,551	SH		SOLE		1,551	0	0
HEWLETT PACKARD CO.	COM	428236103	362	10,752	SH		SOLE		10,752	0	0
HOME DEPOT INC	COM	437076102	647	7,989	SH		SOLE		7,989	0	0
HONEYWELL INTERNATIONAL INC.	COM	438516106	413	4,448	SH		SOLE		4,448	0	0
HORMEL FOODS CORP	COM	440452100	38	760	SH		SOLE		760	0	0
HORNBECK OFFSHORE	NOTE	440543AN6	12,457	10,300,000	PRN		SOLE		10,300,000	0	0
HOSPIRA INC	COM	441060100	48	935	SH		SOLE		935	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	94	4,293	SH		SOLE		4,293	0	0
HUDSON CITY BANCORP INC.	COM	443683107	26	2,683	SH		SOLE		2,683	0	0
HUMANA INC	COM	444859102	112	878	SH		SOLE		878	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	45	4,722	SH		SOLE		4,722	0	0
IXIA	NOTE	45071RAB5	7,910	7,900,000	PRN		SOLE		7,900,000	0	0
ICONIX BRAND GROUP	NOTE	451055AE7	11,064	7,650,000	PRN		SOLE		7,650,000	0	0
IDERA PHARMACEUTICALS INC.	COM	45168K306	1,078	371,759	SH		SOLE		371,759	0	0
ILLINOIS TOOL WORKS	COM	452308109	194	2,218	SH		SOLE		2,218	0	0
INTEL CORP.	COM	458140100	872	28,206	SH		SOLE		28,206	0	0
INTEL CORP.	NOTE	458140AF7	20,053	13,000,000	PRN		SOLE		13,000,000	0	0
INTEGRYS ENERGY GROUP INC	COM	45822P105	32	450	SH		SOLE		450	0	0
INTERCONTINENTAL EXCHANGE, INC.	COM	45866F104	122	645	SH		SOLE		645	0	0
INTL BUSINESS MACHINES CORP I.B.M.	COM	459200101	1,007	5,554	SH		SOLE		5,554	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	48	462	SH		SOLE		462	0	0
INTERNATIONAL GAME TECHNOLOGY	COM	459902102	22	1,402	SH		SOLE		1,402	0	0
INTERNATIONAL PAPER	COM	460146103	126	2,498	SH		SOLE		2,498	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	47	2,405	SH		SOLE		2,405	0	0
INTUIT INC	COM	461202103	129	1,604	SH		SOLE		1,604	0	0
INTUITIVE SURGICAL INC.	COM	46120E602	89	215	SH		SOLE		215	0	0
IRIDIUM COMMUNICATIONS, INC.	PFD	46269C409	7,593	23,000	SH		SOLE		23,000	0	0
IRON MOUNTAIN INC	COM	462846106	34	960	SH		SOLE		960	0	0
ISHARES MSCI EMERGING MKT	COM	464287234	9,859	228,000	SH		SOLE		228,000	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	38,835	567,923	SH		SOLE		567,923	0	0
ISHARES RUSSELL 2000	COM	464287655	39,427	331,853	SH		SOLE		331,853	0	0
ISHARES SILVER TRUST	COM	46428Q109	8,338	411,362	SH		SOLE		411,362	0	0
ISIS PHARMACEUTICALS INC.	NOTE	464337AG9	12,767	5,800,000	PRN		SOLE		5,800,000	0	0
JP MORGAN CHASE & CO.	COM	46625H100	1,238	21,483	SH		SOLE		21,483	0	0
JABIL CIRCUIT INC	COM	466313103	22	1,064	SH		SOLE		1,064	0	0
JACOBS ENGINEERING GROUP INC.	COM	469814107	40	742	SH		SOLE		742	0	0
JOHNSON & JOHNSON	COM	478160104	1,679	16,048	SH		SOLE		16,048	0	0
JOHNSON CONTROLS	COM	478366107	188	3,768	SH		SOLE		3,768	0	0
JOY GLOBAL	COM	481165108	35	569	SH		SOLE		569	0	0
J2 GLOBAL INC	NOTE	48123VAC6	8,115	8,000,000	SH		SOLE		8,000,000	0	0
JUNIPER NETWORKS INC	COM	48203R104	66	2,686	PRN		SOLE		2,686	0	0
KLA-TENCOR CORPORATION	COM	482480100	68	936	SH		SOLE		936	0	0
KANSAS CITY SOUTHERN INDS	COM	485170302	67	622	SH		SOLE		622	0	0
KELLOGG CO	COM	487836108	95	1,448	SH		SOLE		1,448	0	0
KEURIG GREEN MOUNTAIN	COM	49271M100	91	732	SH		SOLE		732	0	0
KEYCORP	COM	493267108	72	5,048	SH		SOLE		5,048	0	0
KEYCORP	PFD	493267405	12,052	92,000	SH		SOLE		92,000	0	0
KIMBERLY-CLARK CORP	COM	494368103	239	2,149	SH		SOLE		2,149	0	0
KIMCO REALTY CORP	COM	49446R109	53	2,307	SH		SOLE		2,307	0	0
KINDER MORGAN INC.	COM	49456B101	137	3,791	SH		SOLE		3,791	0	0
KOHLS CORP	COM	500255104	60	1,134	SH		SOLE		1,134	0	0
KRAFT FOODS INC	COM	50076Q106	203	3,382	SH		SOLE		3,382	0	0
KROGER CO	COM	501044101	145	2,925	SH		SOLE		2,925	0	0
L BRANDS INC	COM	501797104	81	1,375	SH		SOLE		1,375	0	0
L-3 COMMUNICATIONS HLDGS INC.	COM	502424104	60	499	SH		SOLE		499	0	0
LABORATORY CORP.	COM	50540R409	50	493	SH		SOLE		493	0	0
LABORATORY CORP.	NOTE	50540RAG7	12,815	9,350,000	PRN		SOLE		9,350,000	0	0
LAM RESEARCH CORP.	COM	512807108	62	915	SH		SOLE		915	0	0
LAM RESEARCH CORP.	NOTE	512807AJ7	19,910	16,000,000	PRN		SOLE		16,000,000	0	0
LAUDER ESTEE	COM	518439104	107	1,443	SH		SOLE		1,443	0	0
LEGGETT & PLATT INC	COM	524660107	27	795	SH		SOLE		795	0	0
LEGG MASON INC	COM	524901105	31	598	SH		SOLE		598	0	0
LENNAR CORP	COM	526057104	42	989	SH		SOLE		989	0	0
LEUCADIA NATIONAL CORP	COM	527288104	46	1,769	SH		SOLE		1,769	0	0
LILLY (ELI) & CO	COM	532457108	347	5,582	SH		SOLE		5,582	0	0
LINCOLN NATIONAL CORP	COM	534187109	76	1,477	SH		SOLE		1,477	0	0
LINEAR TECHNOLOGY CORP	COM	535678106	63	1,338	SH		SOLE		1,338	0	0
LOCKHEED MARTIN CORP	COM	539830109	244	1,515	SH		SOLE		1,515	0	0
LOEWS CORP	COM	540424108	76	1,722	SH		SOLE		1,722	0	0
LORILLARD INC	COM	544147101	126	2,074	SH		SOLE		2,074	0	0
LOWE'S COMPANIES	COM	548661107	285	5,933	SH		SOLE		5,933	0	0
M & T BANK CORPORATION	COM	55261F104	91	734	SH		SOLE		734	0	0
MGIC INVESTMENT CORP.	NOTE	552848AE3	11,761	7,900,000	PRN		SOLE		7,900,000	0	0
MGM MIRAGE MGM INC	NOTE	55303QAE0	11,745	8,000,000	PRN		SOLE		8,000,000	0	0
MACERICH CO/THE	COM	554382101	53	793	SH		SOLE		793	0	0
MACYS INC	COM	55616P104	120	2,075	SH		SOLE		2,075	0	0
MARATHON OIL CORP	COM	565849106	158	3,953	SH		SOLE		3,953	0	0
MARATHON PETROLEM CORP	COM	56585A102	131	1,672	SH		SOLE		1,672	0	0
MARSH & MCLENNAN COS	COM	571748102	161	3,111	SH		SOLE		3,111	0	0
MARRIOTT INTERNATIONAL INC	COM	571903202	81	1,265	SH		SOLE		1,265	0	0
MASCO CORP	COM	574599106	45	2,010	SH		SOLE		2,010	0	0
MASTERCARD INC	COM	57636Q104	425	5,790	SH		SOLE		5,790	0	0
MATTEL INC	COM	577081102	75	1,930	SH		SOLE		1,930	0	0
MCCORMICK & CO	NON VTG	579780206	53	745	SH		SOLE		745	0	0
MCDONALD'S CORP	COM	580135101	564	5,602	SH		SOLE		5,602	0	0
MCGRAW HILL FINANCIAL INC	COM	580645109	127	1,525	SH		SOLE		1,525	0	0
MCKESSON CORP	COM	58155Q103	240	1,291	SH		SOLE		1,291	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	106	1,142	SH		SOLE		1,142	0	0
MEADWESTVACO CORP	COM	583334107	44	1,002	SH		SOLE		1,002	0	0
MEDICINES COMPANY	NOTE	584688AC9	11,797	9,650,000	PRN		SOLE		9,650,000	0	0
MEDTRONIC INC	COM	585055106	362	5,677	SH		SOLE		5,677	0	0
MENTOR GRAPHICS CORP	NOTE	587200AK2	13,897	11,350,000	PRN		SOLE		11,350,000	0	0
MERCK & COMPANY, INC.	COM	58933Y105	965	16,682	SH		SOLE		16,682	0	0
MERITAGE CORP.	NOTE	59001AAR3	946	900,000	PRN		SOLE		900,000	0	0
METLIFE INC.	COM	59156R108	354	6,373	SH		SOLE		6,373	0	0
MICROSOFT CORP	COM	594918104	1,787	42,852	SH		SOLE		42,852	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	54	1,114	SH		SOLE		1,114	0	0
MICRON TECHNOLOGY	COM	595112103	198	6,018	SH		SOLE		6,018	0	0
MOHAWK INDUSTRIES INC	COM	608190104	47	343	SH		SOLE		343	0	0
MOLSON COORS BREWING CO.	COM	60871R209	66	891	SH		SOLE		891	0	0
MONDELEZ INTERNATIONAL INC	COM	609207105	363	9,650	SH		SOLE		9,650	0	0
MONSANTO CO	COM	61166W101	369	2,961	SH		SOLE		2,961	0	0
MONSTER BEVERAGE CORPORATION	COM	611740101	54	766	SH		SOLE		766	0	0
MOODY'S CORP	COM	615369105	93	1,066	SH		SOLE		1,066	0	0
MORGAN STANLEY	COM	617446448	257	7,957	SH		SOLE		7,957	0	0
MOSAIC CO/THE	COM	61945C103	94	1,909	SH		SOLE		1,909	0	0
MOTOROLA SOLUTIONS INC.	COM	620076307	86	1,297	SH		SOLE		1,297	0	0
MURPHY OIL CORP	COM	626717102	66	992	SH		SOLE		992	0	0
MYLAN INC	COM	628530107	109	2,110	SH		SOLE		2,110	0	0
MYLAN LABORATORIES	NOTE	628530AJ6	21,323	5,500,000	PRN		SOLE		5,500,000	0	0
NRG ENERGY, INC.	COM	629377508	69	1,845	SH		SOLE		1,845	0	0
NASDAQ STOCK MARKET	COM	631103108	25	652	SH		SOLE		652	0	0
NATIONAL-OILWELL INC	COM	637071101	199	2,413	SH		SOLE		2,413	0	0
NAVIENT CORP	COM	63938C108	43	2,433	SH		SOLE		2,433	0	0
NETAPP INC	COM	64110D104	69	1,880	SH		SOLE		1,880	0	0
NETFLIX INC.	COM	64110L106	147	333	SH		SOLE		333	0	0
NEWELL RUBBERMAID INC.	COM	651229106	49	1,583	SH		SOLE		1,583	0	0
NEWFIELD EXPLORATION COMPANY	COM	651290108	34	766	SH		SOLE		766	0	0
NEWMONT MINING CORP	COM	651639106	72	2,824	SH		SOLE		2,824	0	0
NEWPARK RESOURCES	NOTE	651718AC2	10,715	8,000,000	PRN		SOLE		8,000,000	0	0
NEW CORP	COM	65249B109	51	2,824	SH		SOLE		2,824	0	0
NEXTERA ENERGY INC.	COM	65339F101	253	2,469	SH		SOLE		2,469	0	0
NIKE, INC.	COM	654106103	326	4,207	SH		SOLE		4,207	0	0
NISOURCE INC.	COM	65473P105	69	1,764	SH		SOLE		1,764	0	0
NOBLE ENERGY INC	COM	655044105	157	2,027	SH		SOLE		2,027	0	0
NORDSTROM INC	COM	655664100	55	806	SH		SOLE		806	0	0
NORFOLK SOUTHERN CORP	COM	655844108	179	1,740	SH		SOLE		1,740	0	0
NORTHEAST UTILITIES	COM	664397106	84	1,777	SH		SOLE		1,777	0	0
NORTHERN TRUST CORP	COM	665859104	81	1,265	SH		SOLE		1,265	0	0
NORTHROP GRUMMAN CORP	COM	666807102	147	1,230	SH		SOLE		1,230	0	0
NUCOR CORP.	COM	670346105	88	1,796	SH		SOLE		1,796	0	0
NVDIA CORP	COM	67066G104	58	3,145	SH		SOLE		3,145	0	0
O'REILLY AUTOMOTIVE INC	COM	67103H107	91	605	SH		SOLE		605	0	0
OCCIDENTAL PETROLEUM	COM	674599105	463	4,509	SH		SOLE		4,509	0	0
OMNICOM GROUP	COM	681919106	103	1,452	SH		SOLE		1,452	0	0
OMNICOM	NOTE	681919AV8	6,081	4,600,000	PRN		SOLE		4,600,000	0	0
ON SEMICONDUCTOR CORP.	NOTE	682189AH8	10,793	9,200,000	PRN		SOLE		9,200,000	0	0
ONEOK INC	COM	682680103	79	1,164	SH		SOLE		1,164	0	0
ORACLE SYSTEMS	COM	68389X105	796	19,647	SH		SOLE		19,647	0	0
OWENS-ILLINOIS INC	COM	690768403	32	928	SH		SOLE		928	0	0
PDL BIOPHARMA INC	NOTE	69329YAC8	7,340	4,598,000	PRN		SOLE		4,598,000	0	0
PG&E CORPORATION	COM	69331C108	125	2,596	SH		SOLE		2,596	0	0
PNC FINANCIAL SERVICES GROUP	COM	693475105	270	3,029	SH		SOLE		3,029	0	0
PPG INDUSTRIES INC	COM	693506107	168	800	SH		SOLE		800	0	0
PPL CORPORATION	COM	69351T106	127	3,578	SH		SOLE		3,578	0	0
PVH CORP	COM	693656100	54	461	SH		SOLE		461	0	0
PACCAR INC	COM	693718108	126	1,998	SH		SOLE		1,998	0	0
PALL CORP	COM	696429307	53	624	SH		SOLE		624	0	0
PARKER-HANNIFIN CORP	COM	701094104	106	842	SH		SOLE		842	0	0
PATTERSON COS INC	COM	703395103	19	470	SH		SOLE		470	0	0
PAYCHEX INC	COM	704326107	76	1,830	SH		SOLE		1,830	0	0
PEABODY ENERGY CORP.	COM	704549104	25	1,523	SH		SOLE		1,523	0	0
PEOPLE'S UNITED FINANCIAL INC	COM	712704105	27	1,761	SH		SOLE		1,761	0	0
PEPCO HOLDINGS INC	COM	713291102	39	1,406	SH		SOLE		1,406	0	0
PEPSICO INC	COM	713448108	771	8,634	SH		SOLE		8,634	0	0
PERKIN ELMER INC	COM	714046109	30	633	SH		SOLE		633	0	0
PETSMART INC.	COM	716768106	35	587	SH		SOLE		587	0	0
PFIZER, INC.	COM	717081103	1,075	36,212	SH		SOLE		36,212	0	0
PHILIP MORRIS INTERNATIONAL	COM	718172109	758	8,994	SH		SOLE		8,994	0	0
PHILLIPS 66	COM	718546104	268	3,334	SH		SOLE		3,334	0	0
PINNACLE WEST CAPITAL CORP.	COM	723484101	36	621	SH		SOLE		621	0	0
PIONEER NATURAL RESOURCE CO	COM	723787107	184	802	SH		SOLE		802	0	0
PITNEY BOWES INC	COM	724479100	31	1,139	SH		SOLE		1,139	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	45	995	SH		SOLE		995	0	0
POWERSHARES DB ENERGY FUND	COM	73936B101	16,378	532,611	SH		SOLE		532,611	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B408	54,787	1,995,165	SH		SOLE		1,995,165	0	0
POWERSHARES DB OIL FUND	COM	73936B507	23,858	775,603	SH		SOLE		775,603	0	0
POWERSHARES DB BASE	COM	73936B705	13,073	769,886	SH		SOLE		769,886	0	0
PRAXAIR INC	COM	74005P104	220	1,658	SH		SOLE		1,658	0	0
PRECISION CASTPARTS CORP	COM	740189105	207	822	SH		SOLE		822	0	0
T ROWE PRICE GROUP INC.	COM	74144T108	124	1,468	SH		SOLE		1,468	0	0
THE PRICELINE GROUP INC	COM	741503403	355	295	SH		SOLE		295	0	0
THE PRICELINE GROUP INC	NOTE	741503AQ9	25,787	18,200,000	PRN		SOLE		18,200,000	0	0
PRINCIPAL FINANCIAL GROUP INC.	COM	74251V102	78	1,545	SH		SOLE		1,545	0	0
PROCTER & GAMBLE CO.	COM	742718109	1,209	15,382	SH		SOLE		15,382	0	0
PROGRESSIVE CORP OH	COM	743315103	79	3,108	SH		SOLE		3,108	0	0
PROLOGIS INC	COM	74340W103	116	2,834	SH		SOLE		2,834	0	0
PRUDENTIAL FINANCIAL INC.	COM	744320102	231	2,607	SH		SOLE		2,607	0	0
PUBLIC SVC ENTERPRISES	COM	744573106	117	2,871	SH		SOLE		2,871	0	0
PUBLIC STORAGE INC.	COM	74460D109	140	816	SH		SOLE		816	0	0
PULTE HOMES INC.	COM	745867101	39	1,941	SH		SOLE		1,941	0	0
QEP RESOURCES INC	COM	74733V100	35	1,012	SH		SOLE		1,012	0	0
QUALCOMM INC	COM	747525103	760	9,593	SH		SOLE		9,593	0	0
QUANTA SERVICES INC	COM	74762E102	43	1,235	SH		SOLE		1,235	0	0
QUEST DIAGNOSTICS	COM	74834L100	48	819	SH		SOLE		819	0	0
RPM INC	NOTE	749685AT0	17,404	14,000,000	PRN		SOLE		14,000,000	0	0
RALPH LAUREN CORP.	COM	751212101	54	336	SH		SOLE		336	0	0
RANGE RESOURCES CORP.	COM	75281A109	80	922	SH		SOLE		922	0	0
RAYONIER INC.	NOTE	75508AAC0	10,675	7,000,000	SH		SOLE		7,000,000	0	0
RAYTHEON COMPANY	COM	755111507	166	1,799	PRN		SOLE		1,799	0	0
RED HAT INC.	COM	756577102	59	1,069	SH		SOLE		1,069	0	0
REGENERON PHARMACEUTICALS INC	COM	75886F107	125	441	SH		SOLE		441	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	86	8,053	SH		SOLE		8,053	0	0
REPUBLIC SERVICES INC	COM	760759100	58	1,521	SH		SOLE		1,521	0	0
REYNOLDS AMERICAN INC	COM	761713106	107	1,765	SH		SOLE		1,765	0	0
ROBERT HALF INTERNATIONAL INC.	COM	770323103	37	784	SH		SOLE		784	0	0
ROCKWELL AUTOMATION INC	COM	773903109	98	783	SH		SOLE		783	0	0
ROCKWELL INTL CORP	COM	774341101	60	762	SH		SOLE		762	0	0
ROPER INDUSTRIES INC	COM	776696106	82	560	SH		SOLE		560	0	0
ROPER INDUSTRIES INC	NOTE	776696AA4	13,146	7,100,000	PRN		SOLE		7,100,000	0	0
ROSS STORES INC	COM	778296103	81	1,223	SH		SOLE		1,223	0	0
RYDER SYSTEM INC NOTE	COM	783549108	26	296	SH		SOLE		296	0	0
SPDR TRUST SERIES 1	COM	78462F103	1,742	8,900	SH		SOLE		8,900	0	0
SPDR GOLD TRUST	COM	78463V107	28,209	220,383	SH		SOLE		220,383	0	0
SAFEWAY INC	COM	786514208	45	1,297	SH		SOLE		1,297	0	0
ST. JUDE MEDICAL INC.	COM	790849103	112	1,611	SH		SOLE		1,611	0	0
SALESFORCE.COM INC	COM	79466L302	185	3,184	SH		SOLE		3,184	0	0
SALIX PHARMACEUTICALS, LTD	NOTE	795435AE6	16,883	8,600,000	PRN		SOLE		8,600,000	0	0
SANDISK CORP	COM	80004C101	133	1,275	SH		SOLE		1,275	0	0
SANDISK CORP	NOTE	80004CAD3	19,030	9,300,000	PRN		SOLE		9,300,000	0	0
SCANA CORP.	COM	80589M102	43	790	SH		SOLE		790	0	0
SCHLUMBERGER LTD	COM	806857108	874	7,414	SH		SOLE		7,414	0	0
SCHWAB CHARLES CORP	COM	808513105	179	6,630	SH		SOLE		6,630	0	0
SCRIPP NETWORK	COM	811065101	50	618	SH		SOLE		618	0	0
SEALED AIR CORP	COM	81211K100	38	1,106	SH		SOLE		1,106	0	0
SEMPRA ENERGY	COM	816851109	134	1,282	SH		SOLE		1,282	0	0
SHERWIN-WILLIAMS CO	COM	824348106	100	485	SH		SOLE		485	0	0
SIGMA-ALDRICH	COM	826552101	68	674	SH		SOLE		674	0	0
SIMON PROPERTY GROUP INC.	COM	828806109	296	1,782	SH		SOLE		1,782	0	0
JM SMUCKER CO	COM	832696405	63	594	SH		SOLE		594	0	0
SNAP-ON INC.	COM	833034101	39	329	SH		SOLE		329	0	0
SOUTHERN CO	COM	842587107	229	5,037	SH		SOLE		5,037	0	0
SOUTHWEST AIRLINES	COM	844741108	107	3,982	SH		SOLE		3,982	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	91	2,002	SH		SOLE		2,002	0	0
SPECTRA ENERGY CORP	COM	847560109	161	3,801	SH		SOLE		3,801	0	0
SPECTRANETICS CORP.	NOTE	84760CAA5	7,276	7,000,000	PRN		SOLE		7,000,000	0	0
STANLEY BLACK + DECKER INC	COM	854502101	77	874	SH		SOLE		874	0	0
STANLEY BLACK + DECKER INC	PFD	854502309	18,431	137,000	SH		SOLE		137,000	0	0
STAPLES INC	COM	855030102	40	3,692	SH		SOLE		3,692	0	0
STARBUCKS CORP.	COM	855244109	332	4,288	SH		SOLE		4,288	0	0
STARWOOD HOTELS	COM	85590A401	87	1,079	SH		SOLE		1,079	0	0
STATE STREET CORP	COM	857477103	165	2,449	SH		SOLE		2,449	0	0
STEEL DYNAMICS	COM	858119100	9,656	537,951	SH		SOLE		537,951	0	0
STERICYCLE INC.	COM	858912108	57	485	SH		SOLE		485	0	0
STILLWATER MINING COMPANY	NOTE	86074QAL6	10,575	7,200,000	PRN		SOLE		7,200,000	0	0
STRYKER CORP.	COM	863667101	140	1,665	SH		SOLE		1,665	0	0
SUNTRUST BANK	COM	867914103	121	3,014	SH		SOLE		3,014	0	0
SYMANTEC CORP	COM	871503108	90	3,919	SH		SOLE		3,919	0	0
SYSCO CORP	COM	871829107	124	3,318	SH		SOLE		3,318	0	0
TECO ENERGY INC	COM	872375100	21	1,153	SH		SOLE		1,153	0	0
TJX COMPANIES, INC.	COM	872540109	214	4,034	SH		SOLE		4,034	0	0
TAKE-TWO INTERACTIVE	NOTE	874054AD1	9,770	8,000,000	PRN		SOLE		8,000,000	0	0
TARGET CORP.	COM	87612E106	208	3,585	SH		SOLE		3,585	0	0
TENET HEALTHCARE CORP.	COM	88033G407	26	559	SH		SOLE		559	0	0
TERADATA CORP	COM	88076W103	37	921	SH		SOLE		921	0	0
TESORO PETROLEUM CORP	COM	881609101	44	748	SH		SOLE		748	0	0
TESLA MOTORS INC.	NOTE	88160RAC5	10,636	11,000,000	PRN		SOLE		11,000,000	0	0
TEXAS INSTRUMENTS INC	COM	882508104	294	6,162	SH		SOLE		6,162	0	0
TEXTRON	COM	883203101	61	1,583	SH		SOLE		1,583	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	263	2,230	SH		SOLE		2,230	0	0
3M CO	COM	88579Y101	512	3,572	SH		SOLE		3,572	0	0
TIBCO SOFTWARE INC	NOTE	88632QAB9	8,277	8,200,000	PRN		SOLE		8,200,000	0	0
TIFFANY & CO.	COM	886547108	62	621	SH		SOLE		621	0	0
TIME INC	COM	887228104	15	633	SH		SOLE		633	0	0
TIME WARNER INC.	COM	887317303	356	5,065	SH		SOLE		5,065	0	0
TIMES WARNER CABLE INC.	COM	88732J207	234	1,587	SH		SOLE		1,587	0	0
TORCHMARK CORP	COM	891027104	42	510	SH		SOLE		510	0	0
TOTAL SYSTEM SERVICES	COM	891906109	30	941	SH		SOLE		941	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	47	780	SH		SOLE		780	0	0
THE TRAVELERS COMPANY	COM	89417E109	188	1,999	SH		SOLE		1,999	0	0
TRIPADVISOR INC	COM	896945201	68	624	SH		SOLE		624	0	0
TWENTY FIRST CENTURY FOX INC	COM	90130A101	387	11,011	SH		SOLE		11,011	0	0
TYSON FOODS, INC.	COM	902494103	57	1,530	SH		SOLE		1,530	0	0
U.S. BANCORP	COM	902973304	448	10,339	SH		SOLE		10,339	0	0
UNDER ARMOUR, INC.	COM	904311107	54	912	SH		SOLE		912	0	0
UNION PACIFIC CORP	COM	907818108	517	5,186	SH		SOLE		5,186	0	0
UNITED PARCEL SERVICE	COM	911312106	413	4,025	SH		SOLE		4,025	0	0
UNITED STATES BRENT OIL FUND	COM	91167Q100	1,461	32,203	SH		SOLE		32,203	0	0
UNITED STATES GAS FUND LP	COM	91201T102	1,578	25,031	SH		SOLE		25,031	0	0
US NATURAL GAS FUND LP	COM	912318201	10,762	437,676	SH		SOLE		437,676	0	0
UNITED STATES 12 MONTH OIL	BEN INT	91288V103	4,265	90,413	SH		SOLE		90,413	0	0
UNITED STATES STEEL CORP	COM	912909108	21	817	SH		SOLE		817	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	551	4,776	SH		SOLE		4,776	0	0
UNITEDHEALTH GROUP INC.	COM	91324P102	459	5,612	SH		SOLE		5,612	0	0
UNUMPROVIDENT CORP	COM	91529Y106	51	1,471	SH		SOLE		1,471	0	0
URBAN OUTFITTERS INC.	COM	917047102	20	578	SH		SOLE		578	0	0
VF CORP	COM	918204108	125	1,988	SH		SOLE		1,988	0	0
VALERO ENERGY CORP	COM	91913Y100	152	3,038	SH		SOLE		3,038	0	0
VARIAN MEDICAL SYSTEMS INC.	COM	92220P105	50	596	SH		SOLE		596	0	0
VECTOR GROUP LTD	NOTE	92240MBC1	8,385	8,000,000	PRN		SOLE		8,000,000	0	0
VENTAS INC	COM	92276F100	106	1,655	SH		SOLE		1,655	0	0
VERISIGN INC.	COM	92343E102	35	726	SH		SOLE		726	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,150	23,493	SH		SOLE		23,493	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	127	1,337	SH		SOLE		1,337	0	0
VIACOM INC	COM	92553P201	196	2,261	SH		SOLE		2,261	0	0
VISA INC	COM	92826C839	604	2,867	SH		SOLE		2,867	0	0
VORNADO REALTY TRUST	COM	929042109	105	982	SH		SOLE		982	0	0
VULCAN MATERIALS CO	COM	929160109	47	734	SH		SOLE		734	0	0
WABASH NATIONAL CORP	NOTE	929566AH0	10,766	7,700,000	PRN		SOLE		7,700,000	0	0
WAL-MART STORES INC	COM	931142103	689	9,178	SH		SOLE		9,178	0	0
WALGREEN CO	COM	931422109	368	4,959	SH		SOLE		4,959	0	0
WASTE MANAGEMENT INC	COM	94106L109	110	2,460	SH		SOLE		2,460	0	0
WATERS CORPORATION	COM	941848103	50	481	SH		SOLE		481	0	0
WEB.COM GROUP INC.	NOTE	94733AAA2	11,053	10,300,000	PRN		SOLE		10,300,000	0	0
WELLPOINT INC	COM	94973V107	172	1,603	SH		SOLE		1,603	0	0
WELLPOINT INC	NOTE	94973VBG1	18,076	11,800,000	PRN		SOLE		11,800,000	0	0
WELLS FARGO COMPANY	COM	949746101	1,428	27,164	SH		SOLE		27,164	0	0
WESCO DISTRIBUTION	NOTE	95082PAH8	16,852	5,496,000	PRN		SOLE		5,496,000	0	0
WESTERN DIGITAL CORPORATION	COM	958102105	109	1,186	SH		SOLE		1,186	0	0
WESTERN UNION	COM	959802109	54	3,109	SH		SOLE		3,109	0	0
WEYERHAEUSER	COM	962166104	110	3,316	SH		SOLE		3,316	0	0
WHIRLPOOL CORP.	COM	963320106	62	442	SH		SOLE		442	0	0
WHOLE FOODS MARKET, INC.	COM	966837106	81	2,096	SH		SOLE		2,096	0	0
WILLIAMS COMPANIES INC.	COM	969457100	226	3,882	SH		SOLE		3,882	0	0
WINDSTREAM CORP	COM	97382A101	34	3,381	SH		SOLE		3,381	0	0
WISCONSIN ENERGY CORP	COM	976657106	60	1,276	SH		SOLE		1,276	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	56	734	SH		SOLE		734	0	0
WYNN RESORTS LTD	COM	983134107	95	457	SH		SOLE		457	0	0
XCEL ENERGY INC.	COM	98389B100	91	2,826	SH		SOLE		2,826	0	0
XILINX INC	COM	983919101	71	1,510	SH		SOLE		1,510	0	0
XILINX INC	NOTE	983919AF8	14,912	9,000,000	PRN		SOLE		9,000,000	0	0
XEROX CORP.	COM	984121103	79	6,320	SH		SOLE		6,320	0	0
XYLEM INC	COM	98419M100	41	1,039	SH		SOLE		1,039	0	0
YAHOO! INC	COM	984332106	187	5,312	SH		SOLE		5,312	0	0
YUM BRANDS INC	COM	988498101	204	2,508	SH		SOLE		2,508	0	0
ZIMMER HOLDINGS INC	COM	98956P102	100	962	SH		SOLE		962	0	0
ZIONS BANCORPORATION	COM	989701107	31	1,042	SH		SOLE		1,042	0	0
ZOETIS INC	COM	98978V103	92	2,836	SH		SOLE		2,836	0	0
ACTAVIS INC	COM	G0083B108	218	979	SH		SOLE		979	0	0
ALLEGION PLC	COM	G0176J109	29	503	SH		SOLE		503	0	0
AON PLC	COM	G0408V102	153	1,695	SH		SOLE		1,695	0	0
ACCENTURE PLC	COM	G1151C101	292	3,613	SH		SOLE		3,613	0	0
COVIDIEN PLC	COM	G2554F113	231	2,558	SH		SOLE		2,558	0	0
DELPHI AUTOMOTIVE PLC	COM	G27823106	108	1,577	SH		SOLE		1,577	0	0
EATON CORP PLC NPV	COM	G29183103	208	2,696	SH		SOLE		2,696	0	0
ENSCO PLC	COM	G3157S106	73	1,319	SH		SOLE		1,319	0	0
INGERSOLL-RAND PLC	COM	G47791101	92	1,467	SH		SOLE		1,467	0	0
INVESCO LTD	COM	G491BT108	93	2,458	SH		SOLE		2,458	0	0
MICHAEL KORS HOLDINGS LTD	COM	G60754101	89	1,009	SH		SOLE		1,009	0	0
NABORS INDUSTRIES LTD	COM	G6359F103	43	1,466	SH		SOLE		1,466	0	0
NOBLE CORPORATION PLC	COM	G65431101	48	1,433	SH		SOLE		1,433	0	0
ROWAN COMPANIES PLC	COM	G7665A101	22	701	SH		SOLE		701	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	106	1,865	SH		SOLE		1,865	0	0
PENTAIR LTD	COM	G7S00T104	81	1,124	SH		SOLE		1,124	0	0
PERRIGO CO PLC	COM	G97822103	109	749	SH		SOLE		749	0	0
XL GROUP PLC	COM	G98290102	51	1,567	SH		SOLE		1,567	0	0
ACE LTD	COM	H0023R105	199	1,915	SH		SOLE		1,915	0	0
GARMIN LTD	COM	H2906T109	42	695	SH		SOLE		695	0	0
TE CONNECTIVITY LTD	COM	H84989104	143	2,311	SH		SOLE		2,311	0	0
TRANSOCEAN INC.	COM	H8817H100	86	1,912	SH		SOLE		1,912	0	0
TYCO INTERNATIONAL LTD	COM	H89128104	119	2,619	SH		SOLE		2,619	0	0
LYONDELLBASELL INDU	COM	N53745100	240	2,460	SH		SOLE		2,460	0	0
NIELSEN N.V.	COM	N63218106	83	1,719	SH		SOLE		1,719	0	0
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	102	1,416	SH		SOLE		1,416	0	0