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	COM	00101J106	35	992	SH		SOLE		992	0	0
AFLAC INC	COM	001055102	151	2,586	SH		SOLE		2,586	0	0
AGL RESOURCES INC	COM	001204106	34	670	SH		SOLE		670	0	0
AES CORP	COM	00130H105	54	3,784	SH		SOLE		3,784	0	0
SBC COMMUNICATIONS INC	COM	00206R102	1,039	29,497	SH		SOLE		29,497	0	0
ABBOTT LABORATORIES	COM	002824100	355	8,545	SH		SOLE		8,545	0	0
ABBVIE INC	COM	00287Y109	522	9,046	SH		SOLE		9,046	0	0
ADOBE SYSTEMS INC	COM	00724F101	186	2,687	SH		SOLE		2,687	0	0
AETNA INC-NEW	COM	00817Y108	163	2,017	SH		SOLE		2,017	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	63	314	SH		SOLE		314	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	108	1,891	SH		SOLE		1,891	0	0
AIR LEASE CORP	NOTE	00912XAK0	882	650,000	PRN		SOLE		650,000	0	0
AIR PRODUCTS AND CHEMICALS INC	COM	009158106	142	1,091	SH		SOLE		1,091	0	0
AIRGAS INC	COM	009363102	41	374	SH		SOLE		374	0	0
AIRTRAN CORP	NOTE	00949PAD0	8,933	3,600,000	PRN		SOLE		3,600,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	60	1,006	SH		SOLE		1,006	0	0
ALUMINUM COMPANY OF AMERICA	COM	013817101	108	6,690	SH		SOLE		6,690	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	187	1,125	SH		SOLE		1,125	0	0
ALLEGHENY TELEDYNE INC	COM	01741R102	23	610	SH		SOLE		610	0	0
ALLERGAN INC	COM	018490102	301	1,692	SH		SOLE		1,692	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	78	315	SH		SOLE		315	0	0
ALLSTATE CORP	COM	020002101	152	2,470	SH		SOLE		2,470	0	0
ALTERA CORP	COM	021441100	63	1,758	SH		SOLE		1,758	0	0
ALTRIA GROUP INC	COM	02209S103	518	11,282	SH		SOLE		11,282	0	0
AMAZONCOM INC	COM	023135106	695	2,154	SH		SOLE		2,154	0	0
AMEREN CORP	COM	023608102	53	1,380	SH		SOLE		1,380	0	0
AMERICAN ELECTRIC POWER CO INC	COM	025537101	145	2,779	SH		SOLE		2,779	0	0
AMERICAN EXPRESS	COM	025816109	448	5,120	SH		SOLE		5,120	0	0
AIG	COM	026874784	438	8,116	SH		SOLE		8,116	0	0
AMERICAN TOWER CORP	CL A	03027X100	211	2,251	SH		SOLE		2,251	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	94	1,213	SH		SOLE		1,213	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	131	1,065	SH		SOLE		1,065	0	0
AMETEK INC	COM	031100100	70	1,395	SH		SOLE		1,395	0	0
AMGEN INC	COM	031162100	607	4,320	SH		SOLE		4,320	0	0
AMPHENOL CORP	CL A	032095101	89	892	SH		SOLE		892	0	0
ANADARKO PETROLEUM CORP	COM	032511107	291	2,873	SH		SOLE		2,873	0	0
ANALOG DEVICES INC	COM	032654105	88	1,787	SH		SOLE		1,787	0	0
APACHE CORP	COM	037411105	204	2,176	SH		SOLE		2,176	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	26	824	SH		SOLE		824	0	0
APPLE COMPUTER INC	COM	037833100	3,431	34,058	SH		SOLE		34,058	0	0
APPLIED MATERIALS INC	COM	038222105	150	6,926	SH		SOLE		6,926	0	0
ARCHER DANIELS	COM	039483102	188	3,672	SH		SOLE		3,672	0	0
ARES CAPITAL CORP	NOTE	04010LAB9	15,950	15,300,000	PRN		SOLE		15,300,000	0	0
ASSURANT INC	COM	04621X108	26	410	SH		SOLE		410	0	0
AUTODESK INC	COM	052769106	71	1,296	SH		SOLE		1,296	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	227	2,733	SH		SOLE		2,733	0	0
AUTONATION INC	COM	05329W102	22	444	SH		SOLE		444	0	0
AUTOZONE INC	COM	053332102	98	192	SH		SOLE		192	0	0
AVALON BAY COMMUNITIES	COM	053484101	105	746	SH		SOLE		746	0	0
AVERY-DENNISON CORP	COM	053611109	24	534	SH		SOLE		534	0	0
AVON PRODUCTS	COM	054303102	31	2,471	SH		SOLE		2,471	0	0
BB&T CORPORATION	COM	054937107	152	4,087	SH		SOLE		4,087	0	0
BAKER HUGHES	COM	057224107	161	2,481	SH		SOLE		2,481	0	0
BALL CORP	COM	058498106	50	788	SH		SOLE		788	0	0
BANK OF AMERICA CORP	COM	060505104	1,020	59,812	SH		SOLE		59,812	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	249	6,437	SH		SOLE		6,437	0	0
BARD (CR)INC	COM	067383109	61	425	SH		SOLE		425	0	0
BAXTER INTERNATIONAL INC	COM	071813109	221	3,081	SH		SOLE		3,081	0	0
BECTON DICKINSON & CO	COM	075887109	125	1,096	SH		SOLE		1,096	0	0
BED BATH & BEYOND INC	COM	075896100	76	1,149	SH		SOLE		1,149	0	0
BEMIS COMPANY INC	COM	081437105	22	569	SH		SOLE		569	0	0
BERKSHIRE HATHAWAY-CAL	COM	084670702	1,432	10,368	SH		SOLE		10,368	0	0
BEST BUY COMPANY INC	COM	086516101	55	1,650	SH		SOLE		1,650	0	0
BIOMARIN PHARMACEUTICAL INC	NOTE	09061GAF8	8,760	8,000,000	PRN		SOLE		8,000,000	0	0
CSR LTD	COM	09062X103	446	1,349	SH		SOLE		1,349	0	0
BLACKROCK INC	COM	09247X101	233	711	SH		SOLE		711	0	0
BLOCK H & R INC	COM	093671105	48	1,560	SH		SOLE		1,560	0	0
BOEING CORP	COM	097023105	486	3,817	SH		SOLE		3,817	0	0
BORG-WARNER AUTOMOTIVE INC	COM	099724106	68	1,300	SH		SOLE		1,300	0	0
BOSTON PROPERTIES INC	COM	101121101	101	870	SH		SOLE		870	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	89	7,540	SH		SOLE		7,540	0	0
BOTTOMLINE TECH DEL INC	NOTE	101388AA4	10,676	9,500,000	PRN		SOLE		9,500,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	483	9,428	SH		SOLE		9,428	0	0
BRISTOW GROUP INC	NOTE	110394AC7	10,870	10,100,000	PRN		SOLE		10,100,000	0	0
BROADCOM CORP	CL A	111320107	124	3,059	SH		SOLE		3,059	0	0
BROOKDALE SENIOR LIVING INC	NOTE	112463AA2	8,879	6,900,000	PRN		SOLE		6,900,000	0	0
BROWN-FORMAN	COM	115637209	81	899	SH		SOLE		899	0	0
CBS CORP	COM	124857202	147	2,757	SH		SOLE		2,757	0	0
CB RICHARD ELLIS GROUP	COM	12504L109	47	1,586	SH		SOLE		1,586	0	0
CF INDUSTRIES HOLDINGS INC	COM	125269100	79	283	SH		SOLE		283	0	0
C H Robinson Worldwide Inc	COM	12541W209	56	837	SH		SOLE		837	0	0
CIGNA CORP	COM	125509109	136	1,501	SH		SOLE		1,501	0	0
CHICAGO MERCANTILE EXCHANGE	COM	12572Q105	144	1,795	SH		SOLE		1,795	0	0
CMS ENERGY CORP	COM	125896100	46	1,563	SH		SOLE		1,563	0	0
CSX TRANSPORTATION INC	COM	126408103	182	5,686	SH		SOLE		5,686	0	0
CVS CAREMARK CORP	COM	126650100	524	6,588	SH		SOLE		6,588	0	0
CA INC	COM	12673P105	51	1,815	SH		SOLE		1,815	0	0
CABLEVISION SYSTEMS NY GRP A	COM	12686C109	22	1,231	SH		SOLE		1,231	0	0
CABOT OIL & GAS CORP	CL A	127097103	78	2,375	SH		SOLE		2,375	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	77	1,159	SH		SOLE		1,159	0	0
CAMPBELL SOUP CO	COM	134429109	43	1,008	SH		SOLE		1,008	0	0
CAPITAL ONE FINANCIAL CORP	COM	14040H105	261	3,193	SH		SOLE		3,193	0	0
CARDINAL HEALTH INC	COM	14149Y108	143	1,915	SH		SOLE		1,915	0	0
CAREFUSION CORP	COM	14170T101	52	1,154	SH		SOLE		1,154	0	0
CARMAX INC	COM	143130102	58	1,247	SH		SOLE		1,247	0	0
CARNIVAL CORP	CL A	143658300	103	2,561	SH		SOLE		2,561	0	0
CATERPILLAR INC	COM	149123101	354	3,571	SH		SOLE		3,571	0	0
CELGENE CORP	COM	151020104	432	4,557	SH		SOLE		4,557	0	0
TIME WARNER	COM	15189T107	60	2,444	SH		SOLE		2,444	0	0
CENTURYLINK INC	COM	156700106	133	3,243	SH		SOLE		3,243	0	0
CERNER CORP	COM	156782104	103	1,726	SH		SOLE		1,726	0	0
CHART INDUSTRIES INC	NOTE	16115QAC4	10,655	9,200,000	PRN		SOLE		9,200,000	0	0
CHESAPEAKE ENERGY	COM	165167107	68	2,953	SH		SOLE		2,953	0	0
CHESAPEAKE ENERGY	NOTE	165167BW6	10,530	10,400,000	PRN		SOLE		10,400,000	0	0
CHEVRON CORP	COM	166764100	1,289	10,801	SH		SOLE		10,801	0	0
CHIPOTLE MEXICAN GRILL	CL A	169656105	117	175	SH		SOLE		175	0	0
CHUBB CORP	COM	171232101	125	1,368	SH		SOLE		1,368	0	0
CIMAREX ENERGY CO	COM	171798101	63	495	SH		SOLE		495	0	0
CINCINNATI FINANCIAL CORP	COM	172062101	39	832	SH		SOLE		832	0	0
CISCO SYSTEMS INC	COM	17275R102	730	29,004	SH		SOLE		29,004	0	0
CINTAS CORP	COM	172908105	39	550	SH		SOLE		550	0	0
TRAVELERS INC CON	COM	172967424	894	17,245	SH		SOLE		17,245	0	0
CITRIX SYSTEMS INC	COM	177376100	66	930	SH		SOLE		930	0	0
CLOROX COMPANY	COM	189054109	70	727	SH		SOLE		727	0	0
COACH INC	COM	189754104	56	1,560	SH		SOLE		1,560	0	0
COCO COLA COMPANY	COM	191216100	958	22,451	SH		SOLE		22,451	0	0
COCA COLA ENTERPRISES	COM	19122T109	57	1,285	SH		SOLE		1,285	0	0
COGNIZANT TECH SOLUTIONS	COM	192446102	155	3,461	SH		SOLE		3,461	0	0
COLGATE PALMOLIVE	COM	194162103	319	4,884	SH		SOLE		4,884	0	0
COMCAST CORP	COM	20030N101	792	14,721	SH		SOLE		14,721	0	0
COMERICA INC	COM	200340107	51	1,030	SH		SOLE		1,030	0	0
COMPTON PETROLEUM FINANCE CORP	COM	205363104	51	829	SH		SOLE		829	0	0
CONAGRA INC	COM	205887102	79	2,396	SH		SOLE		2,396	0	0
PHILLIPS PETROLEUM	COM	20825C104	534	6,984	SH		SOLE		6,984	0	0
CONSOL ENERGY INC	COM	20854P109	50	1,308	SH		SOLE		1,308	0	0
CONSOLIDATED EDISON INC	COM	209115104	94	1,666	SH		SOLE		1,666	0	0
CONSTELLATION BRANDS INC	COM	21036P108	84	960	SH		SOLE		960	0	0
CORNING INC	COM	219350105	142	7,344	SH		SOLE		7,344	0	0
COSTCO COMPANIES INC	COM	22160K105	313	2,494	SH		SOLE		2,494	0	0
CROWN CASTLE INTL CORP	COM	228227104	153	1,899	SH		SOLE		1,899	0	0
CUMMINS ENGINE CO	COM	231021106	128	973	SH		SOLE		973	0	0
DR HORTON	COM	23331A109	39	1,886	SH		SOLE		1,886	0	0
DETROIT EDISON CO	COM	233331107	77	1,007	SH		SOLE		1,007	0	0
DANAHER CORP	COM	235851102	263	3,467	SH		SOLE		3,467	0	0
DARDEN RESTAURANTS INC	COM	237194105	39	750	SH		SOLE		750	0	0
DAVITA INC	COM	23918K108	72	978	SH		SOLE		978	0	0
DEALERTRACK HOLDINGS INC	NOTE	242309AB8	12,432	9,600,000	PRN		SOLE		9,600,000	0	0
DEERE & CO	COM	244199105	167	2,039	SH		SOLE		2,039	0	0
DELTA AIR LINES INC	COM	247361702	173	4,795	SH		SOLE		4,795	0	0
DENBURY RESOURCES INC	COM	247916208	30	2,001	SH		SOLE		2,001	0	0
DENTSPLY INTERNATIONAL INC	COM	249030107	37	803	SH		SOLE		803	0	0
DEPOMED INC	NOTE	249908AA2	8,445	8,000,000	PRN		SOLE		8,000,000	0	0
DEVON ENERGY CORP	COM	25179M103	149	2,187	SH		SOLE		2,187	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	13	383	SH		SOLE		383	0	0
DIGITAL REALTY TRUST INC	COM	253868103	8,687	139,254	SH		SOLE		139,254	0	0
DISNEY WALT PRODUCTIONS	COM	254687106	800	8,983	SH		SOLE		8,983	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	169	2,628	SH		SOLE		2,628	0	0
DISCOVERY COMMUNICATIONS	COM SER A	25470F104	32	842	SH		SOLE		842	0	0
DISCOVERY COMMUNICATIONS	COM SER C	25470F302	58	1,554	SH		SOLE		1,554	0	0
DIRECTVHOLDINGS /FINANCE	COM	25490A309	247	2,856	SH		SOLE		2,856	0	0
DOLLAR GENERAL	COM	256677105	105	1,725	SH		SOLE		1,725	0	0
DOLLAR TREE INC	COM	256746108	66	1,175	SH		SOLE		1,175	0	0
DOMINION RESOURCES INC	COM	25746U109	229	3,308	SH		SOLE		3,308	0	0
DOMINION RESOURCES INC	UNIT 99/99/9999	25746U869	14,165	285,000	SH		SOLE		285,000	0	0
DOVER CORP	COM	260003108	76	948	SH		SOLE		948	0	0
DOW CHEMICAL	COM	260543103	335	6,385	SH		SOLE		6,385	0	0
CADBURY SCHWEPPES FINANCIAL MGMT	COM	26138E109	72	1,118	SH		SOLE		1,118	0	0
DU PONT (EI) DE NEMOURS	COM	263534109	374	5,206	SH		SOLE		5,206	0	0
DUKE POWER	COM	26441C204	301	4,023	SH		SOLE		4,023	0	0
DUN & BRADSTREET CORP	COM	26483E100	24	207	SH		SOLE		207	0	0
EMC CORP/MASS	COM	268648102	338	11,539	SH		SOLE		11,539	0	0
EOG RESOURCES INC	COM	26875P101	308	3,109	SH		SOLE		3,109	0	0
EQUITABLE RESOURCES	COM	26884L109	79	863	SH		SOLE		863	0	0
ETFS PLATINUM TRUST	COM	26922V101	4,359	34,519	SH		SOLE		34,519	0	0
ETFS PHYSIAL PALLADIUM SHARES	COM	26923A106	2,823	37,544	SH		SOLE		37,544	0	0
E Trade Group Inc	COM	269246401	37	1,640	SH		SOLE		1,640	0	0
EASTMAN CHEMICAL	COM	277432100	69	855	SH		SOLE		855	0	0
EBAY INC	COM	278642103	364	6,425	SH		SOLE		6,425	0	0
ECOLAB INC	COM	278865100	176	1,531	SH		SOLE		1,531	0	0
EDISON INTERNATIONAL INC	COM	281020107	104	1,853	SH		SOLE		1,853	0	0
EDWARDS LIFESCIENCES SP - WI	COM	28176E108	61	601	SH		SOLE		601	0	0
ELECTRONIC ARTS INC	COM	285512109	63	1,779	SH		SOLE		1,779	0	0
EMERSON ELECTRIC CO	COM	291011104	248	3,970	SH		SOLE		3,970	0	0
ENERSYS	NOTE	29275YAA0	13,667	9,250,000	PRN		SOLE		9,250,000	0	0
ENTERGY CORP	COM	29364G103	79	1,020	SH		SOLE		1,020	0	0
EQUIFAX INC	COM	294429105	51	685	SH		SOLE		685	0	0
EQUINIX INC	NOTE	29444UAG1	11,900	6,200,000	PRN		SOLE		6,200,000	0	0
EQUITY RESIDENTIAL PROPERTIES TRUST	COM	29476L107	127	2,057	SH		SOLE		2,057	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	65	361	SH		SOLE		361	0	0
PECO ENERGY	COM	30161N101	167	4,885	SH		SOLE		4,885	0	0
EXPEDIA INC	CL A	30212P303	50	565	SH		SOLE		565	0	0
EXPEDITORS INTL WASH INC	COM	302130109	45	1,110	SH		SOLE		1,110	0	0
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	299	4,240	SH		SOLE		4,240	0	0
EXXON CORP	COM	30231G102	2,281	24,257	SH		SOLE		24,257	0	0
FLIR SYSTEMS INC	COM	302445101	25	802	SH		SOLE		802	0	0
FMC CORP	COM	302491303	43	751	SH		SOLE		751	0	0
FMC TECHNOLOGIES INC	COM	30249U101	72	1,332	SH		SOLE		1,332	0	0
FACEBOOK INC	COM	30303M102	877	11,091	SH		SOLE		11,091	0	0
FAMILY DOLLAR STORES INC	COM	307000109	42	546	SH		SOLE		546	0	0
FASTENAL COMPANY	COM	311900104	70	1,553	SH		SOLE		1,553	0	0
FDX CORP	COM	31428X106	244	1,510	SH		SOLE		1,510	0	0
F5 NETWORKS INC	COM	315616102	50	422	SH		SOLE		422	0	0
FIDELITY NATIONAL INFORMATION SERVICES	COM	31620M106	91	1,624	SH		SOLE		1,624	0	0
FIDELITY NATIONAL TITLE	NOTE	31620RAE5	6,704	4,200,000	PRN		SOLE		4,200,000	0	0
FIFTH THIRD BANCORP	COM	316773100	95	4,745	SH		SOLE		4,745	0	0
FIRST SOLAR INC	COM	336433107	28	427	SH		SOLE		427	0	0
FISERV INC	COM	337738108	92	1,418	SH		SOLE		1,418	0	0
FIRSTENERGY CORP	COM	337932107	80	2,388	SH		SOLE		2,388	0	0
FLUOR CORP - NEW	COM	343412102	60	896	SH		SOLE		896	0	0
FLOWSERVE CORPORATION	COM	34354P105	55	786	SH		SOLE		786	0	0
FORD MOTOR COMPANY	COM	345370860	326	22,060	SH		SOLE		22,060	0	0
FOSSIL INC	COM	34988V106	25	265	SH		SOLE		265	0	0
FRANKLIN RESOURCES INC	COM	354613101	122	2,241	SH		SOLE		2,241	0	0
FREEPORT-MCMORAN	COM	35671D857	193	5,909	SH		SOLE		5,909	0	0
CITIZENS COMMUNICATIONS CO	COM	35906A108	37	5,702	SH		SOLE		5,702	0	0
GAMESTOP CORP	COM	36467W109	26	641	SH		SOLE		641	0	0
GANNETT CO	COM	364730101	38	1,283	SH		SOLE		1,283	0	0
GAP INC	COM	364760108	65	1,558	SH		SOLE		1,558	0	0
GENERAL DYNAMICS CORP	COM	369550108	230	1,807	SH		SOLE		1,807	0	0
GENERAL ELECTRIC CO	COM	369604103	1,462	57,070	SH		SOLE		57,070	0	0
GENERAL GROWTH PROPERTIES	COM	370023103	84	3,569	SH		SOLE		3,569	0	0
GENERAL MILLS INC	COM	370334104	176	3,484	SH		SOLE		3,484	0	0
GENERAL MOTORS CORP	COM	37045V100	245	7,666	SH		SOLE		7,666	0	0
GENESEE & WYOMING INC	UNIT 10/01/2015	371559204	9,056	73,000	SH		SOLE		73,000	0	0
GENUINE PARTS CO	COM	372460105	76	869	SH		SOLE		869	0	0
GENWORTH FINANCIAL INC	COM	37247D106	37	2,823	SH		SOLE		2,823	0	0
GILEAD SCIENCES INC	COM	375558103	915	8,599	SH		SOLE		8,599	0	0
GILEAD SCIENCES INC	NOTE	375558AP8	28,950	6,200,000	PRN		SOLE		6,200,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	428	2,331	SH		SOLE		2,331	0	0
GOODYEAR TIRE & RUBBER CORP	COM	382550101	35	1,563	SH		SOLE		1,563	0	0
GOOGLE INC	CL A	38259P508	948	1,611	SH		SOLE		1,611	0	0
GOOGLE INC	CL C	38259P706	930	1,611	SH		SOLE		1,611	0	0
GRAINGER WW INC	COM	384802104	88	350	SH		SOLE		350	0	0
HCP INC	COM	40414L109	103	2,606	SH		SOLE		2,606	0	0
HALLIBURTON CO	COM	406216101	312	4,837	SH		SOLE		4,837	0	0
HARLEY DAVIDSON	COM	412822108	72	1,245	SH		SOLE		1,245	0	0
HARMAN INTL	COM	413086109	38	385	SH		SOLE		385	0	0
HARRIS CORP	COM	413875105	40	604	SH		SOLE		604	0	0
HARTFORD FINANCIAL SERVICES GROUP	COM	416515104	95	2,547	SH		SOLE		2,547	0	0
HASBRO INC	COM	418056107	36	652	SH		SOLE		652	0	0
HEALTH CARE REIT INC	COM	42217K106	115	1,843	SH		SOLE		1,843	0	0
HELMERICH AND PAYNE	COM	423452101	60	615	SH		SOLE		615	0	0
HERSHEY FOODS CORP	COM	427866108	81	844	SH		SOLE		844	0	0
HESS CORP	COM	42809H107	140	1,488	SH		SOLE		1,488	0	0
HEWLETT PACKARD INC	COM	428236103	377	10,615	SH		SOLE		10,615	0	0
HOME DEPOT INC	COM	437076102	702	7,656	SH		SOLE		7,656	0	0
ALLIEDSIGNAL INC	COM	438516106	414	4,448	SH		SOLE		4,448	0	0
HORMEL FOODS CORP	COM	440452100	39	760	SH		SOLE		760	0	0
HORNBECK OFFSHORE SERVICES INC	NOTE	440543AN6	10,081	10,300,000	PRN		SOLE		10,300,000	0	0
HOSPIRA INC	COM	441060100	49	950	SH		SOLE		950	0	0
HOST MARRIOT CORP	COM	44107P104	92	4,306	SH		SOLE		4,306	0	0
HUDSON CITY BANCORP INC	COM	443683107	27	2,736	SH		SOLE		2,736	0	0
HUMANA INC	COM	444859102	114	878	SH		SOLE		878	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	45	4,647	SH		SOLE		4,647	0	0
IXIA	NOTE	45071RAB5	7,703	7,900,000	PRN		SOLE		7,900,000	0	0
ICONIX BRAND GROUP	NOTE	451055AE7	9,649	7,650,000	PRN		SOLE		7,650,000	0	0
HYBRIDON INC CSD	COM	45168K306	851	371,759	SH		SOLE		371,759	0	0
ILLINOIS TOOL WORKS	COM	452308109	175	2,075	SH		SOLE		2,075	0	0
INTEL CORP	COM	458140100	981	28,161	SH		SOLE		28,161	0	0
INTEL CORP	NOTE	458140AF7	21,799	13,000,000	PRN		SOLE		13,000,000	0	0
INTEGRYS ENERGY GROUP INC	COM	45822P105	29	450	SH		SOLE		450	0	0
INTERCONTINENTALEXCHANGE INC	COM	45866F104	126	645	SH		SOLE		645	0	0
INTL BUSINESS MACH	COM	459200101	1,002	5,277	SH		SOLE		5,277	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	44	462	SH		SOLE		462	0	0
INTERNATIONAL PAPER CO	COM	460146103	116	2,429	SH		SOLE		2,429	0	0
INTERPUBLIC GROUP	COM	460690100	44	2,405	SH		SOLE		2,405	0	0
INTUIT INC	COM	461202103	142	1,615	SH		SOLE		1,615	0	0
INTUITIVE SURGICAL INC	COM	46120E602	95	205	SH		SOLE		205	0	0
IRIDIUM COMMUNICATIONS INC	PFD CNV B	46269C409	8,147	24,000	SH		SOLE		24,000	0	0
IRON MOUNTAIN	COM	462846106	32	971	SH		SOLE		971	0	0
ISHARES SILVER TRUST	COM	46428Q109	6,325	386,842	SH		SOLE		386,842	0	0
ISIS PHARMACEUTICALS INC	NOTE	464337AG9	14,022	5,800,000	PRN		SOLE		5,800,000	0	0
CHASE MANHATTAN CORP	COM	46625H100	1,289	21,394	SH		SOLE		21,394	0	0
JABIL CIRCUIT INC	COM	466313103	23	1,136	SH		SOLE		1,136	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	37	752	SH		SOLE		752	0	0
JOHNSON & JOHNSON	COM	478160104	1,710	16,042	SH		SOLE		16,042	0	0
JOHNSON CONTROLS	COM	478366107	167	3,788	SH		SOLE		3,788	0	0
JOY GLOBAL	COM	481165108	30	559	SH		SOLE		559	0	0
J2 GLOBAL INC	NOTE	48123VAC6	10,966	11,000,000	PRN		SOLE		11,000,000	0	0
JUNIPER NETWORKS INC	COM	48203R104	51	2,284	SH		SOLE		2,284	0	0
KLA-TENCOR CORPORATION	COM	482480100	74	936	SH		SOLE		936	0	0
KANSAS CITY SOUTHERN INDS	COM	485170302	75	622	SH		SOLE		622	0	0
KELLOGG CO	COM	487836108	89	1,448	SH		SOLE		1,448	0	0
KEURIG GREEN MOUNTAIN INC	COM	49271M100	90	693	SH		SOLE		693	0	0
KEYCORP	COM	493267108	66	4,988	SH		SOLE		4,988	0	0
KEYCORP	PFD	493267405	12,052	92,000	SH		SOLE		92,000	0	0
KIMBERLY-CLARK CORP	COM	494368103	229	2,127	SH		SOLE		2,127	0	0
KIMCO REALTY	COM	49446R109	51	2,335	SH		SOLE		2,335	0	0
KINDER MORGAN INC	COM	49456B101	143	3,742	SH		SOLE		3,742	0	0
KOHLS CORP	COM	500255104	71	1,164	SH		SOLE		1,164	0	0
KRAFT FOODS INC	COM	50076Q106	191	3,382	SH		SOLE		3,382	0	0
KROGER CO	COM	501044101	145	2,781	SH		SOLE		2,781	0	0
LIMITED INC	COM	501797104	93	1,395	SH		SOLE		1,395	0	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	59	499	SH		SOLE		499	0	0
LABORATORY CORP OF AMERICA HOLDINGS	COM	50540R409	49	483	SH		SOLE		483	0	0
LABORATORY CORP OF AMERICA HOLDINGS	NOTE	50540RAG7	12,739	9,350,000	PRN		SOLE		9,350,000	0	0
LAM RESEARCH CORP	COM	512807108	68	915	SH		SOLE		915	0	0
LAM RESEARCH CORP	NOTE	512807AJ7	20,350	16,000,000	PRN		SOLE		16,000,000	0	0
ESTEE LAUDER	COM	518439104	96	1,280	SH		SOLE		1,280	0	0
LEGGETT & PLATT INC	COM	524660107	27	781	SH		SOLE		781	0	0
LEGG MASON INC	COM	524901105	30	585	SH		SOLE		585	0	0
LENNAR CORP	COM	526057104	39	1,011	SH		SOLE		1,011	0	0
LEUCADIA NATIONAL CORP	COM	527288104	43	1,803	SH		SOLE		1,803	0	0
LILLY (ELI) & CO	COM	532457108	363	5,593	SH		SOLE		5,593	0	0
LINCOLN NATIONAL CORP	COM	534187109	80	1,485	SH		SOLE		1,485	0	0
LINEAR TECHNOLOGY CORP	COM	535678106	60	1,356	SH		SOLE		1,356	0	0
LOCKHEED MARTIN CORP	COM	539830109	280	1,534	SH		SOLE		1,534	0	0
LOEWS CORP	COM	540424108	72	1,737	SH		SOLE		1,737	0	0
LORILLARD INC	COM	544147101	123	2,048	SH		SOLE		2,048	0	0
LOWE'S COMPANIES	COM	548661107	297	5,615	SH		SOLE		5,615	0	0
M&T BANK CORPORATION	COM	55261F104	92	748	SH		SOLE		748	0	0
MGIC INVESTMENT CORP	NOTE	552848AE3	10,468	7,900,000	PRN		SOLE		7,900,000	0	0
MGM MIRAGE MGM INC	NOTE	55303QAE0	10,075	8,000,000	PRN		SOLE		8,000,000	0	0
MACERICH CO/THE	COM	554382101	51	793	SH		SOLE		793	0	0
MACQUARIE INFRASTRUCTURE	NOTE	55608BAA3	9,979	9,000,000	PRN		SOLE		9,000,000	0	0
MACY'S INC	COM	55616P104	117	2,009	SH		SOLE		2,009	0	0
USX MARATHON GROUP	COM	565849106	144	3,837	SH		SOLE		3,837	0	0
MARATHON PETROLEM	COM	56585A102	136	1,612	SH		SOLE		1,612	0	0
MARSH & MCLENNAN COS	COM	571748102	162	3,096	SH		SOLE		3,096	0	0
MARRIOT INTERNATIONAL	COM	571903202	87	1,240	SH		SOLE		1,240	0	0
MARTIN MARIETTA MATERIALS	COM	573284106	44	345	SH		SOLE		345	0	0
MASCO	COM	574599106	49	2,028	SH		SOLE		2,028	0	0
MASTERCARD INC	CL A	57636Q104	414	5,599	SH		SOLE		5,599	0	0
MATTEL INC	COM	577081102	59	1,930	SH		SOLE		1,930	0	0
MCCORMICK & CO	COM	579780206	50	745	SH		SOLE		745	0	0
MCDONALD'S CORP	COM	580135101	530	5,585	SH		SOLE		5,585	0	0
MCGRAW HILL INC NOTE	COM	580645109	131	1,548	SH		SOLE		1,548	0	0
MCKESSON HBOC INC	COM	58155Q103	255	1,311	SH		SOLE		1,311	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	110	1,142	SH		SOLE		1,142	0	0
MEADWESTVACO CORP	COM	583334107	39	956	SH		SOLE		956	0	0
MEDICINES COMPANY	NOTE	584688AC9	10,241	9,650,000	PRN		SOLE		9,650,000	0	0
MEDTRONIC INC	COM	585055106	345	5,572	SH		SOLE		5,572	0	0
MENTOR GRAPHICS CORP	NOTE	587200AK2	13,131	11,350,000	PRN		SOLE		11,350,000	0	0
MERCK & COMPANY INC	COM	58933Y105	973	16,408	SH		SOLE		16,408	0	0
MERITAGE CORP	NOTE	59001AAR3	897	900,000	PRN		SOLE		900,000	0	0
METLIFE INC	COM	59156R108	344	6,403	SH		SOLE		6,403	0	0
METLIFE INC	UNIT 99/99/9999	59156R116	16,750	544,000	SH		SOLE		544,000	0	0
MICROSOFT CORP	COM	594918104	2,173	46,866	SH		SOLE		46,866	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	54	1,139	SH		SOLE		1,139	0	0
MICRON TECHNOLOGY	COM	595112103	209	6,089	SH		SOLE		6,089	0	0
MOHAWK INDUSTRIES INC	COM	608190104	46	343	SH		SOLE		343	0	0
COORS (ADOLPH)	CL B	60871R209	67	903	SH		SOLE		903	0	0
MONDELEZ INTERNATIONAL INC	COM	609207105	329	9,589	SH		SOLE		9,589	0	0
MONSANTO CO	COM	61166W101	336	2,982	SH		SOLE		2,982	0	0
HANSEN NATURAL CORP	COM	611740101	75	817	SH		SOLE		817	0	0
DUN AND BRADSTREET CORP	COM	615369105	101	1,066	SH		SOLE		1,066	0	0
MORGAN STANLEY	COM	617446448	301	8,710	SH		SOLE		8,710	0	0
MOSAIC CO/THE	COM	61945C103	80	1,812	SH		SOLE		1,812	0	0
MOTOROLA INC	COM	620076307	79	1,256	SH		SOLE		1,256	0	0
MURPHY OIL CORP	COM	626717102	54	950	SH		SOLE		950	0	0
MYLAN LABORATORIES	COM	628530107	97	2,126	SH		SOLE		2,126	0	0
MYLAN LABORATORIES	NOTE	628530AJ6	18,789	5,500,000	PRN		SOLE		5,500,000	0	0
NRG ENERGY INC	COM	629377508	58	1,918	SH		SOLE		1,918	0	0
NASDAQ STOCK MARKET INC	COM	631103108	28	669	SH		SOLE		669	0	0
NATIONAL-OILWELL VARCO INC	COM	637071101	186	2,440	SH		SOLE		2,440	0	0
NAVIENT CORP	COM	63938C108	42	2,386	SH		SOLE		2,386	0	0
NETWORK APPLIANCE INC	COM	64110D104	78	1,816	SH		SOLE		1,816	0	0
NETFLIX INC	COM	64110L106	150	333	SH		SOLE		333	0	0
NW YORK COMMUNITY BANCORP	UNIT 11/01/2051	64944P307	2,904	60,575	SH		SOLE		60,575	0	0
NEWELL RUBBERMAID INC	COM	651229106	54	1,558	SH		SOLE		1,558	0	0
NEWFIELD EXPLORATION COMPANY	COM	651290108	29	777	SH		SOLE		777	0	0
NEWMONT MINING CORP	COM	651639106	65	2,836	SH		SOLE		2,836	0	0
NEWPARK RESOURCES	NOTE	651718AC2	10,605	8,000,000	PRN		SOLE		8,000,000	0	0
NEW CORP	CL A	65249B109	46	2,824	SH		SOLE		2,824	0	0
FPL GROUP INC	COM	65339F101	233	2,481	SH		SOLE		2,481	0	0
NIKE INC	CL B	654106103	357	4,001	SH		SOLE		4,001	0	0
NIPSCO INDUSTRIES INC	COM	65473P105	73	1,791	SH		SOLE		1,791	0	0
NOBLE AFFILIATES INC	COM	655044105	140	2,043	SH		SOLE		2,043	0	0
NORDSTROM INC	COM	655664100	55	806	SH		SOLE		806	0	0
NORFOLK SOUTHERN CORP	COM	655844108	197	1,761	SH		SOLE		1,761	0	0
NORTHEAST UTILITIES	COM	664397106	80	1,797	SH		SOLE		1,797	0	0
NORTHERN TRUST CORP	COM	665859104	86	1,265	SH		SOLE		1,265	0	0
NORTHROP GRUMMAN CORP	COM	666807102	156	1,183	SH		SOLE		1,183	0	0
NUCOR CORP	COM	670346105	98	1,811	SH		SOLE		1,811	0	0
NVDIA CORP	COM	67066G104	54	2,929	SH		SOLE		2,929	0	0
O'REILLY AUTOMOTIVE INC	COM	67103H107	89	591	SH		SOLE		591	0	0
OCCIDENTAL PETROLEUM	COM	674599105	426	4,435	SH		SOLE		4,435	0	0
OMNICOM GROUP	COM	681919106	98	1,429	SH		SOLE		1,429	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AH8	10,327	9,200,000	PRN		SOLE		9,200,000	0	0
ONEOK INC	COM	682680103	77	1,182	SH		SOLE		1,182	0	0
ORACLE SYSTEMS CORP	COM	68389X105	708	18,497	SH		SOLE		18,497	0	0
OWENS-ILLINOIS INC	COM	690768403	24	939	SH		SOLE		939	0	0
PDL BIOPHARMA INC	NOTE	69329YAC8	5,828	4,598,000	PRN		SOLE		4,598,000	0	0
PG&E CORPORATION	COM	69331C108	121	2,681	SH		SOLE		2,681	0	0
PNC BANK CORP	COM	693475105	263	3,074	SH		SOLE		3,074	0	0
PPG INDUSTRIES INC	COM	693506107	155	787	SH		SOLE		787	0	0
PP AND L CAPITAL FUNDING	COM	69351T106	124	3,778	SH		SOLE		3,778	0	0
PHILLIPS-VAN HEUSEN CORP	COM	693656100	56	461	SH		SOLE		461	0	0
PACCAR INC	COM	693718108	115	2,017	SH		SOLE		2,017	0	0
PALL CORP	COM	696429307	51	608	SH		SOLE		608	0	0
PARKER HANNIFIN CORP	COM	701094104	96	842	SH		SOLE		842	0	0
PATTERSON COS INC	COM	703395103	20	492	SH		SOLE		492	0	0
PAYCHEX INC	COM	704326107	82	1,858	SH		SOLE		1,858	0	0
PEOPLE'S UNITED FINANCIAL INC	COM	712704105	25	1,761	SH		SOLE		1,761	0	0
PEPCO HOLDINGS INC	COM	713291102	38	1,428	SH		SOLE		1,428	0	0
PEPSI CO INC	COM	713448108	798	8,571	SH		SOLE		8,571	0	0
PERKINELMER INC	COM	714046109	28	644	SH		SOLE		644	0	0
PETSMART INC	COM	716768106	40	565	SH		SOLE		565	0	0
PFIZER INC	COM	717081103	1,066	36,066	SH		SOLE		36,066	0	0
PHILIP MORRIS	COM	718172109	741	8,886	SH		SOLE		8,886	0	0
PHILLIPS 66	COM	718546104	258	3,179	SH		SOLE		3,179	0	0
PINNACLE WEST CAPITAL CORP	COM	723484101	34	621	SH		SOLE		621	0	0
PIONEER NATURAL RESOURCE	COM	723787107	160	813	SH		SOLE		813	0	0
PITNEY BOWES INC	COM	724479100	29	1,152	SH		SOLE		1,152	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	39	1,007	SH		SOLE		1,007	0	0
POWERSHARES DYN ENERGY	COM	73936B101	21,822	810,632	SH		SOLE		810,632	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B408	52,259	2,045,355	SH		SOLE		2,045,355	0	0
POWERSHARES DB OIL FUND	COM	73936B507	16,011	590,169	SH		SOLE		590,169	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B705	12,007	710,029	SH		SOLE		710,029	0	0
PRAXAIR	COM	74005P104	214	1,658	SH		SOLE		1,658	0	0
PRECISION CASTPARTS CORP	COM	740189105	195	822	SH		SOLE		822	0	0
T ROWE PRICE	COM	74144T108	117	1,494	SH		SOLE		1,494	0	0
PRICELINECOM INC	COM	741503403	342	295	SH		SOLE		295	0	0
PRICELINECOM INC	NOTE	741503AQ9	24,490	18,200,000	PRN		SOLE		18,200,000	0	0
PRINCIPAL FINANCIAL GROUP INC	COM	74251V102	82	1,556	SH		SOLE		1,556	0	0
PROCTOR & GAMBLE CO	COM	742718109	1,289	15,394	SH		SOLE		15,394	0	0
PROGRESSIVE CORP OH	COM	743315103	77	3,062	SH		SOLE		3,062	0	0
PROLOGIS INC REIT USD	COM	74340W103	107	2,834	SH		SOLE		2,834	0	0
PRUDENTIAL FINANCIAL INC	COM	744320102	230	2,617	SH		SOLE		2,617	0	0
PUBLIC SVC ENTERPRISES	COM	744573106	107	2,871	SH		SOLE		2,871	0	0
PUBLIC STORAGE INC	COM	74460D109	135	816	SH		SOLE		816	0	0
PULTE CORP	COM	745867101	34	1,925	SH		SOLE		1,925	0	0
QEP RESOURCES INC	COM	74733V100	29	943	SH		SOLE		943	0	0
QUALCOMM INC	COM	747525103	713	9,533	SH		SOLE		9,533	0	0
Quanta Serv	COM	74762E102	45	1,235	SH		SOLE		1,235	0	0
QUEST DIAGNOSTICS	COM	74834L100	50	819	SH		SOLE		819	0	0
RPM INC-OHIO	NOTE	749685AT0	15,715	14,000,000	PRN		SOLE		14,000,000	0	0
POLO RALPH LAUREN CORP	COM	751212101	55	336	SH		SOLE		336	0	0
RANGE RESOURCES CORP	COM	75281A109	65	959	SH		SOLE		959	0	0
RAYONIER INC	NOTE	75508AAC0	9,345	7,000,000	PRN		SOLE		7,000,000	0	0
RAYTHEON CO	COM	755111507	180	1,768	SH		SOLE		1,768	0	0
RED HAT INC	COM	756577102	60	1,069	SH		SOLE		1,069	0	0
REGENERON PHARMACEUTICALS INC	COM	75886F107	151	420	SH		SOLE		420	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	79	7,846	SH		SOLE		7,846	0	0
REPUBLIC SERVICES	COM	760759100	56	1,437	SH		SOLE		1,437	0	0
RJR NABISCO HOLDINGS	COM	761713106	103	1,753	SH		SOLE		1,753	0	0
ROBERT HALF INTERNATIONAL INC	COM	770323103	38	784	SH		SOLE		784	0	0
ROCKWELL AUTOMATION	COM	773903109	86	783	SH		SOLE		783	0	0
ROCKWELL COLLINS	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	13,163	7,100,000	PRN		SOLE		7,100,000	0	0
ROSS STORES INC	COM	778296103	90	1,194	SH		SOLE		1,194	0	0
RYDER SYSTEM INC NOTE	COM	783549108	27	296	SH		SOLE		296	0	0
SPDR TRUST SERIES 1	COM	78462F103	2,069	10,500	SH		SOLE		10,500	0	0
SPDR GOLD TRUST	COM	78463V107	24,100	207,386	SH		SOLE		207,386	0	0
SAFEWAY INC	COM	786514208	45	1,310	SH		SOLE		1,310	0	0
ST JUDE MEDICAL INC	COM	790849103	97	1,611	SH		SOLE		1,611	0	0
SALESFORCECOM INC	COM	79466L302	188	3,274	SH		SOLE		3,274	0	0
SALIX PHARMACEUTICALS LTD	NOTE	795435AE6	20,801	8,600,000	PRN		SOLE		8,600,000	0	0
SANDISK CORP	COM	80004C101	125	1,276	SH		SOLE		1,276	0	0
SANDISK CORP	NOTE	80004CAD3	17,885	9,300,000	PRN		SOLE		9,300,000	0	0
SCANA CORP	COM	80589M102	40	805	SH		SOLE		805	0	0
SCHLUMBERGER LTD	COM	806857108	750	7,374	SH		SOLE		7,374	0	0
SCHWAB CHARLES CORP	COM	808513105	192	6,524	SH		SOLE		6,524	0	0
EW SCRIPPS CO	CL A	811065101	46	590	SH		SOLE		590	0	0
SEALED AIR CORP	COM	81211K100	42	1,205	SH		SOLE		1,205	0	0
SEMPRA ENERGY	COM	816851109	138	1,314	SH		SOLE		1,314	0	0
SHERWIN-WILLIAMS CO	COM	824348106	104	473	SH		SOLE		473	0	0
SIGMA-ALDRICH	COM	826552101	92	674	SH		SOLE		674	0	0
SIMON PROPERTY GROUP	COM	828806109	291	1,768	SH		SOLE		1,768	0	0
JM SMUCKER CO	COM	832696405	57	580	SH		SOLE		580	0	0
SNAP-ON INC	COM	833034101	40	329	SH		SOLE		329	0	0
SOUTHERN COMPANY	COM	842587107	222	5,094	SH		SOLE		5,094	0	0
SOUTHWEST AIRLINES	COM	844741108	132	3,897	SH		SOLE		3,897	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	70	2,002	SH		SOLE		2,002	0	0
SPECTRA ENERGY CORP	COM	847560109	150	3,815	SH		SOLE		3,815	0	0
SPECTRANETICS CORP	NOTE	84760CAA5	10,664	9,500,000	PRN		SOLE		9,500,000	0	0
STANLEY BLACK + DECKER INC	COM	854502101	79	887	SH		SOLE		887	0	0
STANLEY BLACK + DECKER INC	UNIT 99/99/9999	854502309	17,921	137,000	SH		SOLE		137,000	0	0
STAPLES INC	COM	855030102	44	3,665	SH		SOLE		3,665	0	0
STARBUCKS CORP	COM	855244109	322	4,273	SH		SOLE		4,273	0	0
STARWOOD HOTELS & RESORTS WORLDWIDE INC	COM	85590A401	91	1,092	SH		SOLE		1,092	0	0
STATE STREET BOSTON CORP	COM	857477103	177	2,409	SH		SOLE		2,409	0	0
STEEL DYNAMICS	COM	858119100	12,163	537,951	SH		SOLE		537,951	0	0
STERICYCLE INC	COM	858912108	57	485	SH		SOLE		485	0	0
STLLWATER MINING COMPANY	NOTE	86074QAL6	9,185	7,200,000	PRN		SOLE		7,200,000	0	0
STRYKER CORP	COM	863667101	137	1,701	SH		SOLE		1,701	0	0
SUNTRUST BANK	COM	867914103	115	3,020	SH		SOLE		3,020	0	0
SYMANTEC CORP	COM	871503108	93	3,935	SH		SOLE		3,935	0	0
SYSCO CORP	COM	871829107	127	3,337	SH		SOLE		3,337	0	0
TECO ENERGY INC	COM	872375100	23	1,327	SH		SOLE		1,327	0	0
TJX COMPANIES INC	COM	872540109	233	3,942	SH		SOLE		3,942	0	0
TAKE-TWO INTERACTIVE SOFTWARE INC	NOTE	874054AD1	9,870	8,000,000	PRN		SOLE		8,000,000	0	0
TARGET CORP	COM	87612E106	226	3,604	SH		SOLE		3,604	0	0
TENET HEALTHCARE CORP	COM	88033G407	33	559	SH		SOLE		559	0	0
TERADATA CORP	COM	88076W103	37	882	SH		SOLE		882	0	0
TESORO PETROLEUM CORP	COM	881609101	45	736	SH		SOLE		736	0	0
TESLA MOTORS INC	NOTE	88160RAC5	10,450	11,000,000	PRN		SOLE		11,000,000	0	0
TEXAS INSTRUMENTS	COM	882508104	290	6,073	SH		SOLE		6,073	0	0
TEXTRON	COM	883203101	57	1,583	SH		SOLE		1,583	0	0
THERMO ELECTRON CORP	COM	883556102	276	2,269	SH		SOLE		2,269	0	0
MINNESOTA MINING & MANUFACTURING	COM	88579Y101	522	3,685	SH		SOLE		3,685	0	0
TIBCO SOFTWARE INC	NOTE	88632QAB9	8,205	8,200,000	PRN		SOLE		8,200,000	0	0
TIFFANY & COMPANY	COM	886547108	61	631	SH		SOLE		631	0	0
TIME WARNER INC COM	COM	887317303	366	4,863	SH		SOLE		4,863	0	0
TIME WARNER CABLE INC	COM	88732J207	228	1,587	SH		SOLE		1,587	0	0
TORCHMARK CORP	COM	891027104	39	750	SH		SOLE		750	0	0
TOTAL SYSTEM SERVICES	COM	891906109	29	941	SH		SOLE		941	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	48	780	SH		SOLE		780	0	0
THE TRAVELERS COMPANIES INC	COM	89417E109	181	1,929	SH		SOLE		1,929	0	0
TRIPADVISOR INC	COM	896945201	57	624	SH		SOLE		624	0	0
NEWS AMERICA CORP	COM	90130A101	367	10,713	SH		SOLE		10,713	0	0
TYSON FOODS	COM	902494103	66	1,665	SH		SOLE		1,665	0	0
US BANCORP	COM	902973304	429	10,249	SH		SOLE		10,249	0	0
UNDER ARMOUR INC	COM	904311107	65	946	SH		SOLE		946	0	0
UNION PACIFIC CORP	COM	907818108	553	5,105	SH		SOLE		5,105	0	0
UNITED PARCEL SERVICE	CL B	911312106	393	4,001	SH		SOLE		4,001	0	0
UNITED RENTALS INC	COM	911363109	61	545	SH		SOLE		545	0	0
UNITED STATES BRENT OIL FUND	COM	91167Q100	1,217	32,203	SH		SOLE		32,203	0	0
UNITED STATES GAS FUND LP	COM	91201T102	1,366	25,031	SH		SOLE		25,031	0	0
US NATURAL GAS FUND LP	COM	912318201	10,315	466,536	SH		SOLE		466,536	0	0
UNITED STATES 12 MONTH OIL	BEN INT	91288V103	2,868	68,503	SH		SOLE		68,503	0	0
UNITED TECH CORP	COM	913017109	511	4,839	SH		SOLE		4,839	0	0
UNITED TECH CORP	UNIT 99/99/9999	913017117	17,667	300,000	SH		SOLE		300,000	0	0
UNITED HEALTHCARE	COM	91324P102	477	5,527	SH		SOLE		5,527	0	0
UNIVERSAL HEALTH SERVICES	COM	913903100	54	518	SH		SOLE		518	0	0
UNUM GROUP	COM	91529Y106	50	1,450	SH		SOLE		1,450	0	0
URBAN OUTFITTERS INC	COM	917047102	21	578	SH		SOLE		578	0	0
VF CORP	COM	918204108	129	1,959	SH		SOLE		1,959	0	0
VALERO ENERGY CORP	COM	91913Y100	139	3,003	SH		SOLE		3,003	0	0
VARIAN MEDICAL SYSTEMS INC	COM	92220P105	48	596	SH		SOLE		596	0	0
VECTOR GROUP LTD	NOTE	92240MBC1	12,306	11,000,000	PRN		SOLE		11,000,000	0	0
VENTAS INC	COM	92276F100	104	1,674	SH		SOLE		1,674	0	0
VERISIGN INC	COM	92343E102	35	640	SH		SOLE		640	0	0
BELL ATLANTIC	COM	92343V104	1,179	23,577	SH		SOLE		23,577	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	152	1,354	SH		SOLE		1,354	0	0
VIACOM INC	COM	92553P201	167	2,166	SH		SOLE		2,166	0	0
VISA INC	COM	92826C839	597	2,800	SH		SOLE		2,800	0	0
VORNADO REALTY	COM	929042109	99	992	SH		SOLE		992	0	0
VULCAN MATERIALS CO	COM	929160109	45	744	SH		SOLE		744	0	0
WABASH NATIONAL CORP	NOTE	929566AH0	10,121	7,700,000	PRN		SOLE		7,700,000	0	0
WAL-MART STORES	COM	931142103	687	8,982	SH		SOLE		8,982	0	0
WALGREEN CO	COM	931422109	297	5,005	SH		SOLE		5,005	0	0
WASTE MANAGEMENT INC	COM	94106L109	117	2,460	SH		SOLE		2,460	0	0
WATERS CORPORATION	COM	941848103	48	481	SH		SOLE		481	0	0
WEBCOM GROUP INC	NOTE	94733AAA2	9,412	10,300,000	PRN		SOLE		10,300,000	0	0
WELLPOINT INC	COM	94973V107	187	1,560	SH		SOLE		1,560	0	0
WELLPOINT INC	NOTE	94973VBG1	19,433	11,800,000	PRN		SOLE		11,800,000	0	0
WELLS FARGO & CO	COM	949746101	1,402	27,021	SH		SOLE		27,021	0	0
WESCO DISTRIBUTION	NOTE	95082PAH8	15,293	5,496,000	PRN		SOLE		5,496,000	0	0
WESTERN DIGITAL CORP	COM	958102105	122	1,251	SH		SOLE		1,251	0	0
WESTERN UNION	COM	959802109	48	3,014	SH		SOLE		3,014	0	0
WEYERHAEUSER	COM	962166104	95	2,997	SH		SOLE		2,997	0	0
WHIRLPOOL CORP	COM	963320106	64	442	SH		SOLE		442	0	0
WHOLE FOODS MARKET INC	COM	966837106	78	2,055	SH		SOLE		2,055	0	0
WILLIAMS COMPANIES	COM	969457100	212	3,826	SH		SOLE		3,826	0	0
WINDSTREAM CORP	COM	97382A101	37	3,428	SH		SOLE		3,428	0	0
Wisconsin Energy Corp	COM	976657106	55	1,276	SH		SOLE		1,276	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	58	712	SH		SOLE		712	0	0
WYNN RESORTS LTD	COM	983134107	85	457	SH		SOLE		457	0	0
XCEL ENERGY INC	COM	98389B100	87	2,874	SH		SOLE		2,874	0	0
XILINX INC	COM	983919101	65	1,529	SH		SOLE		1,529	0	0
XILINX INC	NOTE	983919AF8	13,326	9,000,000	PRN		SOLE		9,000,000	0	0
XEROX CORP	COM	984121103	82	6,166	SH		SOLE		6,166	0	0
XYLEM INC	COM	98419M100	37	1,039	SH		SOLE		1,039	0	0
YAHOO! INC	COM	984332106	214	5,262	SH		SOLE		5,262	0	0
YUM! BRANDS INC	COM	988498101	181	2,508	SH		SOLE		2,508	0	0
ZIMMER HOLDINGS INC	COM	98956P102	97	962	SH		SOLE		962	0	0
ZION BANCORPORATION	COM	989701107	34	1,153	SH		SOLE		1,153	0	0
ZOETIS INC	COM	98978V103	105	2,850	SH		SOLE		2,850	0	0
WATSON PHARMACEUTICAL INC	COM	G0083B108	363	1,505	SH		SOLE		1,505	0	0
BLACK HILLS CORP	COM	G0176J109	26	546	SH		SOLE		546	0	0
AON CORP	COM	G0408V102	145	1,653	SH		SOLE		1,653	0	0
ACCENTURE PLC	CL A	G1151C101	292	3,591	SH		SOLE		3,591	0	0
COVIDIEN LTD	COM	G2554F113	222	2,569	SH		SOLE		2,569	0	0
DELPHI AUTOMOTIVE PLC	COM	G27823106	105	1,704	SH		SOLE		1,704	0	0
EATON CORP	COM	G29183103	172	2,712	SH		SOLE		2,712	0	0
ENSCO PLC	CL A	G3157S106	55	1,329	SH		SOLE		1,329	0	0
INGERSOLL-RAND COMPANY	COM	G47791101	86	1,521	SH		SOLE		1,521	0	0
INVESCO PLC	COM	G491BT108	97	2,458	SH		SOLE		2,458	0	0
MALLINCKRODT PLC	COM	G5785G107	58	643	SH		SOLE		643	0	0
MICHAEL KORS HOLDINGS LTD	COM	G60754101	83	1,167	SH		SOLE		1,167	0	0
NABORS INDUSTRIES LTD	COM	G6359F103	37	1,645	SH		SOLE		1,645	0	0
NOBLE DRILLING	COM	G65431101	32	144,812,696,492	SH		SOLE		144,812,696,492	0	0
PARAGON OFFSHORE PLC	COM	G6S01W108	0	1	SH		SOLE		1	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	107	1,865	SH		SOLE		1,865	0	0
PENTAIR LTD	COM	G7S00T104	72	1,096	SH		SOLE		1,096	0	0
PERRIGO COMPANY	COM	G97822103	114	761	SH		SOLE		761	0	0
XL CAPITAL LTD	COM	G98290102	50	1,511	SH		SOLE		1,511	0	0
ACE LTD	COM	H0023R105	201	1,915	SH		SOLE		1,915	0	0
GARMIN LTD	COM	H2906T109	36	695	SH		SOLE		695	0	0
TE CONNECTIVITY LTD	COM	H84989104	129	2,325	SH		SOLE		2,325	0	0
TRANSOCEAN OFFSHORE INC	COM	H8817H100	62	1,935	SH		SOLE		1,935	0	0
TYCO INTERNATIONAL LTD	COM	H89128104	112	2,523	SH		SOLE		2,523	0	0
LYONDELLBASELL INDU	CL A	N53745100	263	2,418	SH		SOLE		2,418	0	0
NIELSEN HOLDINGS NV	COM	N63218106	77	1,730	SH		SOLE		1,730	0	0
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	125	1,432	SH		SOLE		1,432	0	0