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	31	757	SH		SOLE		757	0	0
AFLAC INC	COM	001055102	123	1,920	SH		SOLE		1,920	0	0
AGL RESOURCES INC	COM	001204106	26	518	SH		SOLE		518	0	0
AES CORP	COM	00130H105	36	2,828	SH		SOLE		2,828	0	0
ANI PHARMACEUTICALS INC	NOTE	00182CAA1	9,200	8,000,000	PRN		SOLE		8,000,000	0	0
SBC COMMUNICATIONS INC	COM	00206R102	741	22,700	SH		SOLE		22,700	0	0
ABBOTT LABORATORIES	COM	002824100	306	6,599	SH		SOLE		6,599	0	0
ABBVIE INC	COM	00287Y109	408	6,971	SH		SOLE		6,971	0	0
ADOBE SYSTEMS INC	COM	00724F101	154	2,081	SH		SOLE		2,081	0	0
AETNA INC-NEW	COM	00817Y108	163	1,529	SH		SOLE		1,529	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	52	240	SH		SOLE		240	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	61	1,468	SH		SOLE		1,468	0	0
AIR LEASE CORP	NOTE	00912XAK0	936	650,000	PRN		SOLE		650,000	0	0
AIR PRODUCTS AND CHEMICALS INC	COM	009158106	128	843	SH		SOLE		843	0	0
AIRGAS INC	COM	009363102	31	295	SH		SOLE		295	0	0
AIRTRAN CORP	NOTE	00949PAD0	10,879	3,600,000	PRN		SOLE		3,600,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	56	782	SH		SOLE		782	0	0
ALUMINUM COMPANY OF AMERICA	COM	013817101	69	5,345	SH		SOLE		5,345	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	153	884	SH		SOLE		884	0	0
ALLEGHENY TELEDYNE INC	COM	01741R102	14	471	SH		SOLE		471	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	82	278	SH		SOLE		278	0	0
ALLSTATE CORP	COM	020002101	130	1,824	SH		SOLE		1,824	0	0
ALTERA CORP	COM	021441100	57	1,326	SH		SOLE		1,326	0	0
ALTRIA GROUP INC	COM	02209S103	431	8,613	SH		SOLE		8,613	0	0
AMAZONCOM INC	COM	023135106	620	1,665	SH		SOLE		1,665	0	0
AMEREN CORP	COM	023608102	44	1,053	SH		SOLE		1,053	0	0
AMERICAN AIRLINES EXIT TL	COM	02376R102	166	3,137	SH		SOLE		3,137	0	0
AMERICAN ELECTRIC POWER CO INC	COM	025537101	120	2,141	SH		SOLE		2,141	0	0
AMERICAN EXPRESS	COM	025816109	300	3,834	SH		SOLE		3,834	0	0
AIG	COM	026874784	329	6,003	SH		SOLE		6,003	0	0
AMERICAN TOWER CORP -	CL A	03027X100	174	1,848	SH		SOLE		1,848	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	103	904	SH		SOLE		904	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	105	802	SH		SOLE		802	0	0
AMETEK INC	COM	031100100	56	1,064	SH		SOLE		1,064	0	0
AMGEN INC	COM	031162100	531	3,319	SH		SOLE		3,319	0	0
AMPHENOL CORP	CL A	032095101	80	1,356	SH		SOLE		1,356	0	0
ANADARKO PETROLEUM CORP	COM	032511107	183	2,215	SH		SOLE		2,215	0	0
ANALOG DEVICES INC	COM	032654105	85	1,353	SH		SOLE		1,353	0	0
WELLPOINT INC	COM	036752103	181	1,174	SH		SOLE		1,174	0	0
APACHE CORP	COM	037411105	99	1,648	SH		SOLE		1,648	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	27	683	SH		SOLE		683	0	0
APPLE COMPUTER INC	COM	037833100	3,170	25,477	SH		SOLE		25,477	0	0
APPLIED MATERIALS INC	COM	038222105	121	5,374	SH		SOLE		5,374	0	0
ARCHER DANIELS	COM	039483102	132	2,775	SH		SOLE		2,775	0	0
ARES CAPITAL CORP	NOTE	04010LAB9	15,788	15,300,000	PRN		SOLE		15,300,000	0	0
ASSURANT INC	COM	04621X108	19	302	SH		SOLE		302	0	0
AUTODESK INC	COM	052769106	58	989	SH		SOLE		989	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	178	2,079	SH		SOLE		2,079	0	0
AUTONATION INC	COM	05329W102	21	325	SH		SOLE		325	0	0
AUTOZONE INC	COM	053332102	96	140	SH		SOLE		140	0	0
AVALON BAY COMMUNITIES	COM	053484101	101	577	SH		SOLE		577	0	0
AVERY-DENNISON CORP	COM	053611109	21	397	SH		SOLE		397	0	0
BB&T CORPORATION	COM	054937107	123	3,152	SH		SOLE		3,152	0	0
BAKER HUGHES	COM	057224107	121	1,900	SH		SOLE		1,900	0	0
BALL CORP	COM	058498106	42	601	SH		SOLE		601	0	0
BANK OF AMERICA CORP	COM	060505104	708	46,010	SH		SOLE		46,010	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	196	4,872	SH		SOLE		4,872	0	0
BARD (CR)INC	COM	067383109	54	324	SH		SOLE		324	0	0
BAXTER INTERNATIONAL INC	COM	071813109	163	2,373	SH		SOLE		2,373	0	0
BECTON DICKINSON & CO	COM	075887109	131	913	SH		SOLE		913	0	0
BED BATH & BEYOND INC	COM	075896100	62	804	SH		SOLE		804	0	0
BERKSHIRE HATHAWAY-CAL	COM	084670702	1,151	7,976	SH		SOLE		7,976	0	0
BEST BUY COMPANY INC	COM	086516101	48	1,273	SH		SOLE		1,273	0	0
BIOMARIN PHARMACEUTICAL INC	NOTE	09061GAF8	12,115	8,000,000	PRN		SOLE		8,000,000	0	0
CSR LTD	COM	09062X103	434	1,029	SH		SOLE		1,029	0	0
BLACKROCK INC	COM	09247X101	203	554	SH		SOLE		554	0	0
BLOCK H & R INC	COM	093671105	39	1,203	SH		SOLE		1,203	0	0
BOEING CORP	COM	097023105	430	2,866	SH		SOLE		2,866	0	0
BORG-WARNER AUTOMOTIVE INC	COM	099724106	60	992	SH		SOLE		992	0	0
BOSTON PROPERTIES INC	COM	101121101	93	664	SH		SOLE		664	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	103	5,819	SH		SOLE		5,819	0	0
TRAVELERS COS INC	NOTE	101388AA4	10,492	9,500,000	PRN		SOLE		9,500,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	469	7,269	SH		SOLE		7,269	0	0
BRISTOW GROUP INC	NOTE	110394AC7	10,125	10,100,000	PRN		SOLE		10,100,000	0	0
BROADCOM CORP	CL A	111320107	103	2,384	SH		SOLE		2,384	0	0
BROOKDALE SENIOR LIVING INC	NOTE	112463AA2	9,582	6,900,000	PRN		SOLE		6,900,000	0	0
BROWN-FORMAN	COM	115637209	62	686	SH		SOLE		686	0	0
CBS CORP	COM	124857202	121	2,001	SH		SOLE		2,001	0	0
CB RICHARD ELLIS GROUP	COM	12504L109	47	1,223	SH		SOLE		1,223	0	0
CF INDUSTRIES HOLDINGS INC	COM	125269100	60	210	SH		SOLE		210	0	0
C H Robinson Worldwide Inc	COM	12541W209	47	638	SH		SOLE		638	0	0
CIGNA CORP	COM	125509109	147	1,137	SH		SOLE		1,137	0	0
CHICAGO MERCANTILE EXCHANGE	COM	12572Q105	131	1,386	SH		SOLE		1,386	0	0
CMS ENERGY CORP	COM	125896100	42	1,204	SH		SOLE		1,204	0	0
CSX TRANSPORTATION INC	COM	126408103	143	4,328	SH		SOLE		4,328	0	0
CVS CAREMARK CORP	COM	126650100	508	4,922	SH		SOLE		4,922	0	0
CA INC	COM	12673P105	45	1,392	SH		SOLE		1,392	0	0
CABLEVISION SYSTEMS NY GRP	COM	12686C109	17	951	SH		SOLE		951	0	0
CABOT OIL & GAS CORP	CL A	127097103	53	1,807	SH		SOLE		1,807	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	38	848	SH		SOLE		848	0	0
CAMPBELL SOUP CO	COM	134429109	36	776	SH		SOLE		776	0	0
CAPITAL ONE FINANCIAL CORP	COM	14040H105	191	2,417	SH		SOLE		2,417	0	0
CARDINAL HEALTH INC	COM	14149Y108	130	1,439	SH		SOLE		1,439	0	0
CARMAX INC	COM	143130102	63	919	SH		SOLE		919	0	0
CARNIVAL CORP	CL A	143658300	94	1,970	SH		SOLE		1,970	0	0
CATERPILLAR INC	COM	149123101	212	2,651	SH		SOLE		2,651	0	0
CELGENE CORP	COM	151020104	404	3,501	SH		SOLE		3,501	0	0
TIME WARNER	COM	15189T107	38	1,879	SH		SOLE		1,879	0	0
CENTURYLINK INC	COM	156700106	85	2,474	SH		SOLE		2,474	0	0
CERNER CORP	COM	156782104	98	1,333	SH		SOLE		1,333	0	0
CHART INDUSTRIES INC	NOTE	16115QAC4	8,849	9,200,000	PRN		SOLE		9,200,000	0	0
CHESAPEAKE ENERGY	COM	165167107	32	2,253	SH		SOLE		2,253	0	0
CHESAPEAKE ENERGY	NOTE	165167BW6	10,426	10,400,000	PRN		SOLE		10,400,000	0	0
CHEVRON CORP	COM	166764100	863	8,220	SH		SOLE		8,220	0	0
CHIPOTLE MEXICAN GRILL	CL A	169656105	88	135	SH		SOLE		135	0	0
CHUBB CORP	COM	171232101	102	1,010	SH		SOLE		1,010	0	0
CIMAREX ENERGY CO	COM	171798101	44	378	SH		SOLE		378	0	0
CINCINNATI FINANCIAL CORP	COM	172062101	34	646	SH		SOLE		646	0	0
CISCO SYSTEMS INC	COM	17275R102	615	22,327	SH		SOLE		22,327	0	0
CINTAS CORP	COM	172908105	34	420	SH		SOLE		420	0	0
TRAVELERS INC CON	COM	172967424	684	13,269	SH		SOLE		13,269	0	0
CITRIX SYSTEMS INC	COM	177376100	45	700	SH		SOLE		700	0	0
CLOROX COMPANY	COM	189054109	63	573	SH		SOLE		573	0	0
COACH INC	COM	189754104	50	1,198	SH		SOLE		1,198	0	0
COCA-COLA CO	COM	191216100	697	17,187	SH		SOLE		17,187	0	0
COCA COLA ENTERPRISES	COM	19122T109	42	950	SH		SOLE		950	0	0
COGNIZANT TECH SOLUTIONS	COM	192446102	166	2,666	SH		SOLE		2,666	0	0
COLGATE PALMOLIVE	COM	194162103	258	3,726	SH		SOLE		3,726	0	0
COMCAST CORP	COM	20030N101	628	11,115	SH		SOLE		11,115	0	0
COMERICA INC	COM	200340107	35	786	SH		SOLE		786	0	0
COMPTON PETROLEUM FINANCE CORP	COM	205363104	40	611	SH		SOLE		611	0	0
CONAGRA INC	COM	205887102	68	1,862	SH		SOLE		1,862	0	0
PHILLIPS PETROLEUM	COM	20825C104	335	5,386	SH		SOLE		5,386	0	0
CONSOL ENERGY INC	COM	20854P109	28	998	SH		SOLE		998	0	0
CONSOLIDATED EDISON INC	COM	209115104	78	1,281	SH		SOLE		1,281	0	0
CONSTELLATION BRANDS INC	COM	21036P108	85	732	SH		SOLE		732	0	0
CORNING INC	COM	219350105	126	5,561	SH		SOLE		5,561	0	0
COSTCO COMPANIES INC	COM	22160K105	291	1,924	SH		SOLE		1,924	0	0
CROWN CASTLE INTL CORP	COM	22822V101	121	1,460	SH		SOLE		1,460	0	0
CUMMINS ENGINE CO	COM	231021106	103	742	SH		SOLE		742	0	0
DR HORTON	COM	23331A109	41	1,454	SH		SOLE		1,454	0	0
DETROIT EDISON CO	COM	233331107	62	768	SH		SOLE		768	0	0
DANAHER CORP	COM	235851102	228	2,685	SH		SOLE		2,685	0	0
DARDEN RESTAURANTS INC	COM	237194105	37	539	SH		SOLE		539	0	0
DAVITA INC	COM	23918K108	61	746	SH		SOLE		746	0	0
DEALERTRACK HOLDINGS INC	NOTE	242309AB8	11,388	9,600,000	PRN		SOLE		9,600,000	0	0
DEERE & CO	COM	244199105	130	1,485	SH		SOLE		1,485	0	0
DELTA AIR LINES INC	COM	247361702	162	3,606	SH		SOLE		3,606	0	0
DENTSPLY INTERNATIONAL INC	COM	249030107	31	613	SH		SOLE		613	0	0
DEPOMED INC	NOTE	249908AA2	10,575	8,000,000	PRN		SOLE		8,000,000	0	0
DEVON ENERGY CORP	COM	25179M103	102	1,690	SH		SOLE		1,690	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	8	292	SH		SOLE		292	0	0
DISNEY WALT PRODUCTIONS	COM	254687106	717	6,838	SH		SOLE		6,838	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	110	1,957	SH		SOLE		1,957	0	0
DISCOVERY COMMUNICATIONS	COM SER A	25470F104	20	642	SH		SOLE		642	0	0
DISCOVERY COMMUNICATIONS	COM SER C	25470F302	35	1,185	SH		SOLE		1,185	0	0
DIRECTVHOLDINGS /FINANCE	COM	25490A309	187	2,199	SH		SOLE		2,199	0	0
DOLLAR GENERAL	COM	256677105	100	1,327	SH		SOLE		1,327	0	0
DOLLAR TREE INC	COM	256746108	73	896	SH		SOLE		896	0	0
DOMINION RESOURCES INC	COM	25746U109	182	2,572	SH		SOLE		2,572	0	0
DOMINION RESOURCES INC	UNIT 99/99/9999	25746U869	13,999	285,000	PRN		SOLE		285,000	0	0
DOVER CORP	COM	260003108	50	723	SH		SOLE		723	0	0
DOW CHEMICAL	COM	260543103	228	4,760	SH		SOLE		4,760	0	0
CADBURY SCHWEPPES FINANCIAL MGMT	COM	26138E109	66	847	SH		SOLE		847	0	0
DU PONT (EI) DE NEMOURS	COM	263534109	283	3,960	SH		SOLE		3,960	0	0
DUKE POWER	COM	26441C204	238	3,094	SH		SOLE		3,094	0	0
DUN & BRADSTREET CORP	COM	2648E3100	20	158	SH		SOLE		158	0	0
EMC CORP/MASS	COM	268648102	222	8,696	SH		SOLE		8,696	0	0
EOG RESOURCES INC	COM	26875P101	220	2,398	SH		SOLE		2,398	0	0
EQUITABLE RESOURCES	COM	26884L109	55	658	SH		SOLE		658	0	0
ETFS PLATINUM TRUST	COM	26922V101	8,954	80,874	SH		SOLE		80,874	0	0
ETFS PHYSIAL PALLADIUM SHARES	COM	26923A106	1,589	22,284	SH		SOLE		22,284	0	0
E Trade Group Inc	COM	269246401	36	1,263	SH		SOLE		1,263	0	0
EASTMAN CHEMICAL	COM	277432100	45	652	SH		SOLE		652	0	0
EBAY INC	COM	278642103	278	4,817	SH		SOLE		4,817	0	0
ECOLAB INC	COM	278865100	135	1,177	SH		SOLE		1,177	0	0
EDISON INTERNATIONAL INC	COM	281020107	89	1,425	SH		SOLE		1,425	0	0
EDWARDS LIFESCIENCES SP - WI	COM	28176E108	67	471	SH		SOLE		471	0	0
ELECTRONIC ARTS INC	COM	285512109	80	1,357	SH		SOLE		1,357	0	0
EMERGENT BIOSOLUTIONS INC	NOTE	29089QAB1	9,245	8,000,000	PRN		SOLE		8,000,000	0	0
EMERSON ELECTRIC CO	COM	291011104	170	2,997	SH		SOLE		2,997	0	0
ENCORE CAPITAL GROUP INC	NOTE	292554AH5	7,570	8,000,000	PRN		SOLE		8,000,000	0	0
ENERSYS	NOTE	29275YAA0	14,846	9,250,000	PRN		SOLE		9,250,000	0	0
ENTERGY CORP	COM	29364G103	61	789	SH		SOLE		789	0	0
EQUIFAX INC	COM	294429105	49	523	SH		SOLE		523	0	0
EQUINIX INC	COM	29444U700	9,164	39,356	SH		SOLE		39,356	0	0
EQUITY RESIDENTIAL PROPERTIES TRUST	COM	29476L107	124	1,591	SH		SOLE		1,591	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	65	284	SH		SOLE		284	0	0
NORTHEAST UTILITIES	COM	30040W108	70	1,385	SH		SOLE		1,385	0	0
PECO ENERGY	COM	30161N101	126	3,760	SH		SOLE		3,760	0	0
EXPEDIA INC	CL A	30212P303	41	431	SH		SOLE		431	0	0
EXPEDITORS INTL WASH INC	COM	302130109	40	839	SH		SOLE		839	0	0
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	276	3,180	SH		SOLE		3,180	0	0
EXXON CORP	COM	30231G102	1,559	18,347	SH		SOLE		18,347	0	0
FLIR SYSTEMS INC	COM	302445101	19	612	SH		SOLE		612	0	0
FMC CORP	COM	302491303	33	583	SH		SOLE		583	0	0
FMC TECHNOLOGIES INC	COM	30249U101	38	1,016	SH		SOLE		1,016	0	0
FACEBOOK INC	COM	30303M102	755	9,181	SH		SOLE		9,181	0	0
FAMILY DOLLAR STORES INC	COM	307000109	33	417	SH		SOLE		417	0	0
FASTENAL COMPANY	COM	311900104	49	1,185	SH		SOLE		1,185	0	0
FDX CORP	COM	31428X106	191	1,152	SH		SOLE		1,152	0	0
F5 NETWORKS INC	COM	315616102	37	322	SH		SOLE		322	0	0
FIDELITY NATIONAL INFORMATION SERVICES	COM	31620M106	84	1,239	SH		SOLE		1,239	0	0
FIDELITY NATIONAL TITLE	NOTE	31620RAE5	8,315	4,124,000	PRN		SOLE		4,124,000	0	0
FIFTH THIRD BANCORP	COM	316773100	67	3,564	SH		SOLE		3,564	0	0
FIRST SOLAR INC	COM	336433107	19	326	SH		SOLE		326	0	0
FISERV INC	COM	337738108	83	1,044	SH		SOLE		1,044	0	0
FIRSTENERGY CORP	COM	337932107	65	1,842	SH		SOLE		1,842	0	0
FLUOR CORP	COM	343412102	37	647	SH		SOLE		647	0	0
FLOWSERVE CORPORATION	COM	34354P105	33	593	SH		SOLE		593	0	0
FORD MOTOR COMPANY	COM	345370860	279	17,302	SH		SOLE		17,302	0	0
FOSSIL INC	COM	34988V106	17	202	SH		SOLE		202	0	0
FRANKLIN RESOURCES INC	COM	354613101	88	1,709	SH		SOLE		1,709	0	0
FREEPORT-MCMORAN	COM	35671D857	86	4,548	SH		SOLE		4,548	0	0
CITIZENS COMMUNICATIONS CO	COM	35906A108	31	4,384	SH		SOLE		4,384	0	0
GAMESTOP CORP	COM	36467W109	18	472	SH		SOLE		472	0	0
GANNETT CO	COM	364730101	37	992	SH		SOLE		992	0	0
GAP INC	COM	364760108	50	1,161	SH		SOLE		1,161	0	0
GENERAL DYNAMICS CORP	COM	369550108	187	1,378	SH		SOLE		1,378	0	0
GENERAL ELECTRIC CO	COM	369604103	1,092	44,021	SH		SOLE		44,021	0	0
GENERAL GROWTH PROPERTIES	COM	370023103	81	2,748	SH		SOLE		2,748	0	0
GENERAL MILLS INC	COM	370334104	149	2,640	SH		SOLE		2,640	0	0
GENERAL MOTORS CORP	COM	37045V100	222	5,916	SH		SOLE		5,916	0	0
GENESEE & WYOMING INC	UNIT 10/01/2015	371559204	8,860	73,000	PRN		SOLE		73,000	0	0
GENUINE PARTS CO	COM	372460105	62	663	SH		SOLE		663	0	0
GENWORTH FINANCIAL INC	COM	37247D106	16	2,172	SH		SOLE		2,172	0	0
GILEAD SCIENCES INC	COM	375558103	639	6,515	SH		SOLE		6,515	0	0
GILEAD SCIENCES INC	NOTE	375558AP8	26,710	6,200,000	PRN		SOLE		6,200,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	333	1,771	SH		SOLE		1,771	0	0
GOODYEAR TIRE & RUBBER CORP	COM	382550101	32	1,179	SH		SOLE		1,179	0	0
GOOGLE INC	CL A	38259P508	693	1,249	SH		SOLE		1,249	0	0
GOOGLE INC	CL C	38259P706	686	1,251	SH		SOLE		1,251	0	0
GRAINGER WW INC	COM	384802104	63	267	SH		SOLE		267	0	0
GREEN PLAINS REVEWABLE ENERGY	NOTE	393222AD6	16,255	10,900,000	PRN		SOLE		10,900,000	0	0
HCA-THE HEALTHCARE CO	COM	40412C101	97	1,288	SH		SOLE		1,288	0	0
HCP INC	COM	40414L109	87	2,015	SH		SOLE		2,015	0	0
HALLIBURTON CO	COM	406216101	163	3,716	SH		SOLE		3,716	0	0
HANES BRANDS INC	COM	410345102	59	1,753	SH		SOLE		1,753	0	0
HARLEY DAVIDSON	COM	412822108	57	932	SH		SOLE		932	0	0
HARMAN INTL	COM	413086109	39	294	SH		SOLE		294	0	0
HARRIS CORP	COM	413875105	36	455	SH		SOLE		455	0	0
HARTFORD FINANCIAL SERVICES GROUP	COM	416515104	77	1,842	SH		SOLE		1,842	0	0
HASBRO INC	COM	418056107	31	497	SH		SOLE		497	0	0
HEALTH CARE REIT INC	COM	42217K106	118	1,528	SH		SOLE		1,528	0	0
HELMERICH AND PAYNE	COM	423452101	32	469	SH		SOLE		469	0	0
HERSHEY FOODS CORP	COM	427866108	65	644	SH		SOLE		644	0	0
HESS CORP	COM	42809H107	72	1,063	SH		SOLE		1,063	0	0
HEWLETT PACKARD INC	COM	428236103	248	7,950	SH		SOLE		7,950	0	0
HOME DEPOT INC	COM	437076102	655	5,763	SH		SOLE		5,763	0	0
ALLIEDSIGNAL INC	COM	438516106	357	3,423	SH		SOLE		3,423	0	0
HORMEL FOODS CORP	COM	440452100	33	580	SH		SOLE		580	0	0
HORNBECK OFFSHORE SERVICES INC	NOTE	440543AN6	8,279	10,300,000	PRN		SOLE		10,300,000	0	0
HOSPIRA INC	COM	441060100	66	749	SH		SOLE		749	0	0
HOST MARRIOT CORP	COM	44107P104	67	3,313	SH		SOLE		3,313	0	0
HUDSON CITY BANCORP INC	COM	443683107	22	2,105	SH		SOLE		2,105	0	0
HUMANA INC	COM	444859102	117	655	SH		SOLE		655	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	39	3,545	SH		SOLE		3,545	0	0
ICONIX BRAND GROUP	NOTE	451055AE7	8,917	7,650,000	PRN		SOLE		7,650,000	0	0
HYBRIDON INC CSD	COM	45168K306	1,379	371,759	SH		SOLE		371,759	0	0
ILLINOIS TOOL WORKS	COM	452308109	148	1,527	SH		SOLE		1,527	0	0
INTEL CORP	COM	458140100	648	20,715	SH		SOLE		20,715	0	0
INTEL CORP	NOTE	458140AF7	20,524	13,000,000	PRN		SOLE		13,000,000	0	0
INTEGRYS ENERGY GROUP INC	COM	45822P105	25	343	SH		SOLE		343	0	0
INTERCONTINENTALEXCHANGE INC	COM	45866F104	115	492	SH		SOLE		492	0	0
INTL BUSINESS MACH	COM	459200101	645	4,020	SH		SOLE		4,020	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	41	352	SH		SOLE		352	0	0
INTERNATIONAL PAPER CO	COM	460146103	102	1,842	SH		SOLE		1,842	0	0
INTERPUBLIC GROUP	COM	460690100	40	1,804	SH		SOLE		1,804	0	0
INTUIT INC	COM	461202103	117	1,211	SH		SOLE		1,211	0	0
INTUITIVE SURGICAL INC	COM	46120E602	81	160	SH		SOLE		160	0	0
IRIDIUM COMMUNICATIONS INC	PFD CNV B	46269C409	8,463	24,000	PRN		SOLE		24,000	0	0
IRON MOUNTAIN	COM	46284V101	30	817	SH		SOLE		817	0	0
ISHARES MSCI EMERGING MKT IN	COM	464287234	11,596	288,955	SH		SOLE		288,955	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	20,951	326,488	SH		SOLE		326,488	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287499	40,736	235,307	SH		SOLE		235,307	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287655	41,266	331,853	SH		SOLE		331,853	0	0
ISHARES SILVER TRUST	COM	46428Q109	2,046	128,407	SH		SOLE		128,407	0	0
CHASE MANHATTAN CORP	COM	46625H100	988	16,306	SH		SOLE		16,306	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	25	562	SH		SOLE		562	0	0
JARDEN CORP	NOTE	471109AM0	12,469	10,500,000	PRN		SOLE		10,500,000	0	0
JOHNSON & JOHNSON	COM	478160104	1,224	12,171	SH		SOLE		12,171	0	0
JOHNSON CONTROLS	COM	478366107	145	2,875	SH		SOLE		2,875	0	0
JOY GLOBAL	COM	481165108	17	426	SH		SOLE		426	0	0
J2 GLOBAL INC	NOTE	48123VAC6	12,664	11,000,000	PRN		SOLE		11,000,000	0	0
JUNIPER NETWORKS INC	COM	48203R104	36	1,585	SH		SOLE		1,585	0	0
KLA-TENCOR CORPORATION	COM	482480100	42	714	SH		SOLE		714	0	0
KANSAS CITY SOUTHERN INDS	COM	485170302	48	474	SH		SOLE		474	0	0
KELLOGG CO	COM	487836108	73	1,107	SH		SOLE		1,107	0	0
KEURIG GREEN MOUNTAIN INC	COM	49271M100	59	529	SH		SOLE		529	0	0
KEYCORP	COM	493267108	53	3,742	SH		SOLE		3,742	0	0
KEYCORP	PFD	493267405	11,903	92,000	PRN		SOLE		92,000	0	0
KIMBERLY-CLARK CORP	COM	494368103	171	1,599	SH		SOLE		1,599	0	0
KIMCO REALTY	COM	49446R109	48	1,804	SH		SOLE		1,804	0	0
KINDER MORGAN INC	COM	49456B101	313	7,453	SH		SOLE		7,453	0	0
KOHLS CORP	COM	500255104	69	879	SH		SOLE		879	0	0
KRAFT FOODS INC	COM	50076Q106	224	2,571	SH		SOLE		2,571	0	0
KROGER CO	COM	501044101	165	2,148	SH		SOLE		2,148	0	0
LIMITED INC	COM	501797104	101	1,075	SH		SOLE		1,075	0	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	45	361	SH		SOLE		361	0	0
LABORATORY CORP OF AMERICA HOLDINGS	COM	50540R409	55	438	SH		SOLE		438	0	0
LABORATORY CORP OF AMERICA HOLDINGS	NOTE	50540RAG7	15,790	9,350,000	PRN		SOLE		9,350,000	0	0
LAM RESEARCH CORP	COM	512807108	49	698	SH		SOLE		698	0	0
LAM RESEARCH CORP	NOTE	512807AJ7	19,230	16,000,000	PRN		SOLE		16,000,000	0	0
ESTEE LAUDER	COM	518439104	81	976	SH		SOLE		976	0	0
LEGGETT & PLATT INC	COM	524660107	27	596	SH		SOLE		596	0	0
LEGG MASON INC	COM	524901105	24	437	SH		SOLE		437	0	0
LENNAR CORP	COM	526057104	40	771	SH		SOLE		771	0	0
LENNAR CORP	NOTE	526057BE3	12,798	5,500,000	PRN		SOLE		5,500,000	0	0
LEUCADIA NATIONAL CORP	COM	527288104	31	1,375	SH		SOLE		1,375	0	0
LEVEL 3 COMMUNICATIONS	COM	52729N308	68	1,254	SH		SOLE		1,254	0	0
LIBERTY MEDIA CORP	NOTE	531229AB8	7,985	8,000,000	PRN		SOLE		8,000,000	0	0
LILLY (ELI) & CO	COM	532457108	311	4,276	SH		SOLE		4,276	0	0
LINCOLN NATIONAL CORP	COM	534187109	64	1,122	SH		SOLE		1,122	0	0
LINEAR TECHNOLOGY CORP	COM	535678106	49	1,046	SH		SOLE		1,046	0	0
LOCKHEED MARTIN CORP	COM	539830109	237	1,170	SH		SOLE		1,170	0	0
LOEWS CORP	COM	540424108	53	1,302	SH		SOLE		1,302	0	0
LORILLARD INC	COM	544147101	103	1,574	SH		SOLE		1,574	0	0
LOWE'S COMPANIES	COM	548661107	317	4,255	SH		SOLE		4,255	0	0
M&T BANK CORPORATION	COM	55261F104	74	581	SH		SOLE		581	0	0
MGIC INVESTMENT CORP	NOTE	552848AE3	11,598	7,900,000	PRN		SOLE		7,900,000	0	0
MACERICH CO/THE	COM	554382101	52	615	SH		SOLE		615	0	0
MACQUARIE INFRASTRUCTURE	NOTE	55608BAA3	24,398	20,600,000	PRN		SOLE		20,600,000	0	0
MACY'S INC	COM	55616P104	97	1,490	SH		SOLE		1,490	0	0
USX MARATHON GROUP	COM	565849106	77	2,952	SH		SOLE		2,952	0	0
MARATHON PETROLEM	COM	56585A102	122	1,195	SH		SOLE		1,195	0	0
MARSH & MCLENNAN COS	COM	571748102	132	2,353	SH		SOLE		2,353	0	0
MARRIOT INTERNATIONAL	COM	571903202	73	908	SH		SOLE		908	0	0
MARTIN MARIETTA MATERIALS	COM	573284106	37	263	SH		SOLE		263	0	0
MASCO	COM	574599106	41	1,529	SH		SOLE		1,529	0	0
MASTERCARD INC	CL A	57636Q104	368	4,261	SH		SOLE		4,261	0	0
MATTEL INC	COM	577081102	34	1,479	SH		SOLE		1,479	0	0
MCCORMICK & CO	COM	579780206	44	568	SH		SOLE		568	0	0
MCDONALD'S CORP	COM	580135101	410	4,204	SH		SOLE		4,204	0	0
MCGRAW HILL INC NOTE	COM	580645109	124	1,196	SH		SOLE		1,196	0	0
MCKESSON HBOC INC	COM	58155Q103	230	1,018	SH		SOLE		1,018	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	89	884	SH		SOLE		884	0	0
MEADWESTVACO CORP	COM	583334107	36	729	SH		SOLE		729	0	0
MENTOR GRAPHICS CORP	NOTE	587200AK2	14,159	11,350,000	PRN		SOLE		11,350,000	0	0
MERCK & COMPANY INC	COM	58933Y105	713	12,413	SH		SOLE		12,413	0	0
MERITAGE CORP	NOTE	59001AAR3	962	900,000	PRN		SOLE		900,000	0	0
METLIFE INC	COM	59156R108	247	4,888	SH		SOLE		4,888	0	0
MICROSOFT CORP	COM	594918104	1,459	35,881	SH		SOLE		35,881	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	43	881	SH		SOLE		881	0	0
MICRON TECHNOLOGY	COM	595112103	128	4,711	SH		SOLE		4,711	0	0
MOHAWK INDUSTRIES INC	COM	608190104	50	269	SH		SOLE		269	0	0
COORS (ADOLPH)	CL B	60871R209	52	699	SH		SOLE		699	0	0
MONDELEZ INTERNATIONAL INC	COM	609207105	260	7,215	SH		SOLE		7,215	0	0
MONSANTO CO	COM	61166W101	238	2,113	SH		SOLE		2,113	0	0
HANSEN NATURAL CORP	COM	611740101	88	639	SH		SOLE		639	0	0
DUN AND BRADSTREET CORP	COM	615369105	81	778	SH		SOLE		778	0	0
MORGAN STANLEY	COM	617446448	241	6,743	SH		SOLE		6,743	0	0
MOSAIC CO/THE	COM	61945C103	63	1,361	SH		SOLE		1,361	0	0
MOTOROLA INC	COM	620076307	56	834	SH		SOLE		834	0	0
MURPHY OIL CORP	COM	626717102	34	725	SH		SOLE		725	0	0
MYLAN LABORATORIES	NOTE	628530AJ6	24,451	5,500,000	PRN		SOLE		5,500,000	0	0
NRG ENERGY INC	COM	629377508	37	1,477	SH		SOLE		1,477	0	0
NXP SEMICONDUCTOR NV	NOTE	62952QAA8	14,295	12,000,000	PRN		SOLE		12,000,000	0	0
NASDAQ STOCK MARKET INC	COM	631103108	26	510	SH		SOLE		510	0	0
NATIONAL-OILWELL VARCO INC	COM	637071101	90	1,793	SH		SOLE		1,793	0	0
NAVIENT CORP	COM	63938C108	36	1,756	SH		SOLE		1,756	0	0
NETWORK APPLIANCE INC	COM	64110D104	48	1,356	SH		SOLE		1,356	0	0
NETFLIX INC	COM	64110L106	110	264	SH		SOLE		264	0	0
NW YORK COMMUNITY BANCORP	UNIT 11/01/2051	64944P307	8,838	175,000	PRN		SOLE		175,000	0	0
NEWELL RUBBERMAID INC	COM	651229106	46	1,179	SH		SOLE		1,179	0	0
NEWFIELD EXPLORATION COMPANY	COM	651290108	25	703	SH		SOLE		703	0	0
NEWMONT MINING CORP	COM	651639106	47	2,181	SH		SOLE		2,181	0	0
NEWPARK RESOURCES	NOTE	651718AC2	9,015	8,000,000	PRN		SOLE		8,000,000	0	0
NEW CORP	CL A	65249B109	35	2,184	SH		SOLE		2,184	0	0
FPL GROUP INC	COM	65339F101	202	1,939	SH		SOLE		1,939	0	0
NIKE INC	CL B	654106103	307	3,060	SH		SOLE		3,060	0	0
NIPSCO INDUSTRIES INC	COM	65473P105	61	1,383	SH		SOLE		1,383	0	0
NOBLE AFFILIATES INC	COM	655044105	83	1,691	SH		SOLE		1,691	0	0
NORDSTROM INC	COM	655664100	49	615	SH		SOLE		615	0	0
NORFOLK SOUTHERN CORP	COM	655844108	138	1,343	SH		SOLE		1,343	0	0
NORTHERN TRUST CORP	COM	665859104	67	965	SH		SOLE		965	0	0
NORTHROP GRUMMAN CORP	COM	666807102	140	868	SH		SOLE		868	0	0
NUCOR CORP	COM	670346105	66	1,395	SH		SOLE		1,395	0	0
NVDIA CORP	COM	67066G104	47	2,258	SH		SOLE		2,258	0	0
NVDIA CORP	NOTE	67066GAC8	9,430	8,000,000	PRN		SOLE		8,000,000	0	0
O'REILLY AUTOMOTIVE INC	COM	67103H107	96	442	SH		SOLE		442	0	0
OCCIDENTAL PETROLEUM	COM	674599105	246	3,372	SH		SOLE		3,372	0	0
OMNICOM GROUP	COM	681919106	84	1,079	SH		SOLE		1,079	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AH8	11,776	9,200,000	PRN		SOLE		9,200,000	0	0
ONEOK INC	COM	682680103	44	902	SH		SOLE		902	0	0
ORACLE SYSTEMS CORP	COM	68389X105	605	14,022	SH		SOLE		14,022	0	0
OWENS-ILLINOIS INC	COM	690768403	17	716	SH		SOLE		716	0	0
PDL BIOPHARMA INC	NOTE	69329YAF1	8,574	8,960,000	PRN		SOLE		8,960,000	0	0
PG&E CORPORATION	COM	69331C108	111	2,083	SH		SOLE		2,083	0	0
PNC BANK CORP	COM	693475105	212	2,278	SH		SOLE		2,278	0	0
PPG INDUSTRIES INC	COM	693506107	135	600	SH		SOLE		600	0	0
PP AND L CAPITAL FUNDING	COM	69351T106	98	2,917	SH		SOLE		2,917	0	0
PHILLIPS-VAN HEUSEN CORP	COM	693656100	38	352	SH		SOLE		352	0	0
PACCAR INC	COM	693718108	98	1,550	SH		SOLE		1,550	0	0
PALL CORP	COM	696429307	47	464	SH		SOLE		464	0	0
PARKER HANNIFIN CORP	COM	701094104	74	624	SH		SOLE		624	0	0
PATTERSON COS INC	COM	703395103	18	375	SH		SOLE		375	0	0
PAYCHEX INC	COM	704326107	71	1,429	SH		SOLE		1,429	0	0
PEOPLE'S UNITED FINANCIAL INC	COM	712704105	20	1,343	SH		SOLE		1,343	0	0
PEPCO HOLDINGS INC	COM	713291102	30	1,105	SH		SOLE		1,105	0	0
PEPSI CO INC	COM	713448108	620	6,484	SH		SOLE		6,484	0	0
PERKINELMER INC	COM	714046109	25	491	SH		SOLE		491	0	0
PFIZER INC	COM	717081103	933	26,807	SH		SOLE		26,807	0	0
PHILIP MORRIS	COM	718172109	509	6,756	SH		SOLE		6,756	0	0
PHILLIPS 66	COM	718546104	187	2,378	SH		SOLE		2,378	0	0
PINNACLE WEST CAPITAL CORP	COM	723484101	30	474	SH		SOLE		474	0	0
PIONEER NATURAL RESOURCE	COM	723787107	106	647	SH		SOLE		647	0	0
PITNEY BOWES INC	COM	724479100	20	879	SH		SOLE		879	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	33	768	SH		SOLE		768	0	0
POWERSHARES DB OIL FUND	COM	73935S105	4,299	251,870	SH		SOLE		251,870	0	0
POWERSHARES DYN ENERGY	COM	73936B101	8,152	513,319	SH		SOLE		513,319	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B408	25,689	1,160,306	SH		SOLE		1,160,306	0	0
POWERSHARES DB OIL FUND	COM	73936B507	10,081	747,284	SH		SOLE		747,284	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B705	5,464	360,392	SH		SOLE		360,392	0	0
PRAXAIR	COM	74005P104	153	1,265	SH		SOLE		1,265	0	0
PRECISION CASTPARTS CORP	COM	740189105	132	627	SH		SOLE		627	0	0
T ROWE PRICE	COM	74144T108	92	1,140	SH		SOLE		1,140	0	0
PRICELINECOM INC	COM	741503403	264	227	SH		SOLE		227	0	0
PRICELINECOM INC	NOTE	741503AQ9	24,286	18,200,000	PRN		SOLE		18,200,000	0	0
PRINCIPAL FINANCIAL GROUP INC	COM	74251V102	61	1,187	SH		SOLE		1,187	0	0
PROCTOR & GAMBLE CO	COM	742718109	968	11,811	SH		SOLE		11,811	0	0
PROGRESSIVE CORP OH	COM	743315103	64	2,344	SH		SOLE		2,344	0	0
PROLOGIS INC REIT USD	COM	74340W103	98	2,239	SH		SOLE		2,239	0	0
PRUDENTIAL FINANCIAL INC	COM	744320102	159	1,986	SH		SOLE		1,986	0	0
PUBLIC SVC ENTERPRISES	COM	744573106	93	2,213	SH		SOLE		2,213	0	0
PUBLIC STORAGE INC	COM	74460D109	124	629	SH		SOLE		629	0	0
PULTE CORP	COM	745867101	32	1,451	SH		SOLE		1,451	0	0
QEP RESOURCES INC	COM	74733V100	15	707	SH		SOLE		707	0	0
QUALCOMM INC	COM	747525103	500	7,215	SH		SOLE		7,215	0	0
Quanta Serv	COM	74762E102	26	925	SH		SOLE		925	0	0
QUEST DIAGNOSTICS	COM	74834L100	48	625	SH		SOLE		625	0	0
QUIDEL CORP	NOTE	74838JAA9	8,680	8,000,000	PRN		SOLE		8,000,000	0	0
RPM INC-OHIO	NOTE	749685AT0	16,503	14,000,000	PRN		SOLE		14,000,000	0	0
POLO RALPH LAUREN CORP	COM	751212101	35	263	SH		SOLE		263	0	0
RANGE RESOURCES CORP	COM	75281A109	38	732	SH		SOLE		732	0	0
RAYONIER INC	NOTE	75508AAC0	8,225	7,000,000	PRN		SOLE		7,000,000	0	0
RAYTHEON CO	COM	755111507	147	1,341	SH		SOLE		1,341	0	0
RED HAT INC	COM	756577102	61	803	SH		SOLE		803	0	0
REGENERON PHARMACEUTICALS INC	COM	75886F107	144	320	SH		SOLE		320	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	56	5,874	SH		SOLE		5,874	0	0
REPUBLIC SERVICES	COM	760759100	44	1,096	SH		SOLE		1,096	0	0
DAYTON HUDSON CORP	COM	76121E106	229	2,785	SH		SOLE		2,785	0	0
RJR NABISCO HOLDINGS	COM	761713106	93	1,347	SH		SOLE		1,347	0	0
ROBERT HALF INTERNATIONAL INC	COM	770323103	36	598	SH		SOLE		598	0	0
ROCKWELL AUTOMATION	COM	773903109	69	597	SH		SOLE		597	0	0
ROCKWELL COLLINS INC	COM	774341101	56	581	SH		SOLE		581	0	0
ROPER INDUSTRIES INC	COM	776696106	74	433	SH		SOLE		433	0	0
ROPER INDUSTRIES INC	NOTE	776696AA4	15,478	7,100,000	PRN		SOLE		7,100,000	0	0
ROSS STORES INC	COM	778296103	96	911	SH		SOLE		911	0	0
RYDER SYSTEM INC	COM	783549108	21	226	SH		SOLE		226	0	0
SL GREEN REALTY CORP	COM	78440X101	55	431	SH		SOLE		431	0	0
SPDR GOLD TRUST	COM	78463V107	7,450	65,544	SH		SOLE		65,544	0	0
ST JUDE MEDICAL INC	COM	790849103	81	1,231	SH		SOLE		1,231	0	0
SALESFORCECOM INC	COM	79466L302	177	2,646	SH		SOLE		2,646	0	0
SANDISK CORP	COM	80004C101	59	932	SH		SOLE		932	0	0
SANDISK CORP	NOTE	80004CAD3	12,665	9,300,000	PRN		SOLE		9,300,000	0	0
SCANA CORP	COM	80589M102	34	625	SH		SOLE		625	0	0
HENRY SCHEIN INC	COM	806407102	51	366	SH		SOLE		366	0	0
SCHLUMBERGER LTD	COM	806857108	465	5,578	SH		SOLE		5,578	0	0
SCHWAB CHARLES CORP	COM	808513105	154	5,046	SH		SOLE		5,046	0	0
EW SCRIPPS CO	CL A	811065101	29	427	SH		SOLE		427	0	0
SEACOR HOLDINGS	NOTE	81170YAB5	10,331	11,900,000	PRN		SOLE		11,900,000	0	0
SEALED AIR CORP	COM	81211K100	42	919	SH		SOLE		919	0	0
SEMPRA ENERGY	COM	816851109	110	1,012	SH		SOLE		1,012	0	0
SHERWIN-WILLIAMS CO	COM	824348106	100	353	SH		SOLE		353	0	0
SIGMA-ALDRICH	COM	826552101	72	522	SH		SOLE		522	0	0
SIMON PROPERTY GROUP	COM	828806109	266	1,359	SH		SOLE		1,359	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	82	834	SH		SOLE		834	0	0
JM SMUCKER CO/THE-NEWW COM	COM	832696405	51	442	SH		SOLE		442	0	0
SNAP-ON INC NOTE TR	COM	833034101	37	251	SH		SOLE		251	0	0
SOUTHERN COMPANY	COM	842587107	176	3,979	SH		SOLE		3,979	0	0
SOUTHWEST AIRLINES	COM	844741108	131	2,951	SH		SOLE		2,951	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	39	1,681	SH		SOLE		1,681	0	0
SPECTRA ENERGY CORP	COM	847560109	106	2,935	SH		SOLE		2,935	0	0
SPECTRANETICS CORP	NOTE	84760CAA5	12,297	9,500,000	PRN		SOLE		9,500,000	0	0
STANLEY BLACK + DECKER INC	COM	854502101	66	688	SH		SOLE		688	0	0
STANLEY BLACK + DECKER INC	UNIT 99/99/9999	854502309	18,402	137,000	PRN		SOLE		137,000	0	0
STAPLES INC	COM	855030102	46	2,801	SH		SOLE		2,801	0	0
STARBUCKS CORP	COM	855244109	311	3,279	SH		SOLE		3,279	0	0
STARWOOD PROPERTY TRUST	NOTE	85571BAC9	10,425	10,000,000	PRN		SOLE		10,000,000	0	0
STARWOOD HOTELS & RESORTS WORLDWIDE INC	COM	85590A401	63	751	SH		SOLE		751	0	0
STATE STREET BOSTON CORP	COM	857477103	133	1,804	SH		SOLE		1,804	0	0
STERICYCLE INC	COM	858912108	52	370	SH		SOLE		370	0	0
STLLWATER MINING COMPANY	NOTE	86074QAL6	8,208	7,200,000	PRN		SOLE		7,200,000	0	0
STRYKER CORP	COM	863667101	121	1,308	SH		SOLE		1,308	0	0
SUNTRUST BANK	COM	867914103	94	2,294	SH		SOLE		2,294	0	0
SYMANTEC CORP	COM	871503108	70	2,985	SH		SOLE		2,985	0	0
SYSCO CORP	COM	871829107	98	2,590	SH		SOLE		2,590	0	0
TECO ENERGY INC	COM	872375100	20	1,030	SH		SOLE		1,030	0	0
TJX COMPANIES INC	COM	872540109	209	2,986	SH		SOLE		2,986	0	0
TAKE-TWO INTERACTIVE SOFTWARE INC	NOTE	874054AD1	10,525	8,000,000	PRN		SOLE		8,000,000	0	0
TENET HEALTHCARE CORP	COM	88033G407	21	426	SH		SOLE		426	0	0
TERADATA CORP	COM	88076W103	28	635	SH		SOLE		635	0	0
TESORO PETROLEUM CORP	COM	881609101	50	549	SH		SOLE		549	0	0
TESLA MOTORS INC	NOTE	88160RAC5	9,213	11,000,000	PRN		SOLE		11,000,000	0	0
TEXAS INSTRUMENTS IN	COM	882508104	262	4,580	SH		SOLE		4,580	0	0
TEXTRON	COM	883203101	54	1,210	SH		SOLE		1,210	0	0
THERMO ELECTRON CORP	COM	883556102	234	1,739	SH		SOLE		1,739	0	0
MINNESOTA MINING & MANUFACTURING	COM	88579Y101	458	2,777	SH		SOLE		2,777	0	0
TIFFANY & COMPANY	COM	886547108	43	487	SH		SOLE		487	0	0
TIME WARNER INC COM	COM	887317303	307	3,633	SH		SOLE		3,633	0	0
TIME WARNER CABLE INC	COM	88732J207	184	1,228	SH		SOLE		1,228	0	0
TORCHMARK CORP	COM	891027104	31	560	SH		SOLE		560	0	0
TOTAL SYSTEM SERVICES	COM	891906109	27	718	SH		SOLE		718	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	51	595	SH		SOLE		595	0	0
THE TRAVELERS COMPANIES INC	COM	89417E109	152	1,406	SH		SOLE		1,406	0	0
TRIPADVISOR INC	COM	896945201	40	483	SH		SOLE		483	0	0
NEWS AMERICA CORP	COM	90130A101	271	7,998	SH		SOLE		7,998	0	0
TYSON FOODS	COM	902494103	49	1,270	SH		SOLE		1,270	0	0
US BANCORP(SUPER REGIONAL)	COM	902973304	340	7,781	SH		SOLE		7,781	0	0
UNDER ARMOUR INC	COM	904311107	58	722	SH		SOLE		722	0	0
UNION PACIFIC CORP	COM	907818108	418	3,855	SH		SOLE		3,855	0	0
UNITED PARCEL SERVICE	CL B	911312106	294	3,031	SH		SOLE		3,031	0	0
UNITED RENTALS INC	COM	911363109	39	423	SH		SOLE		423	0	0
UNITED STATES GAS FUND LP	COM	91201T102	582	16,708	SH		SOLE		16,708	0	0
US NATURAL GAS FUND LP	COM	912318201	4,977	375,895	SH		SOLE		375,895	0	0
UNITED STATES 12 MONTH OIL	COM	91288V103	1,093	45,723	SH		SOLE		45,723	0	0
UNITED TECH CORP	COM	913017109	424	3,615	SH		SOLE		3,615	0	0
UNITED TECH CORP	UNIT 99/99/9999	913017117	18,462	300,000	PRN		SOLE		300,000	0	0
UNITED HEALTHCARE	COM	91324P102	494	4,173	SH		SOLE		4,173	0	0
UNIVERSAL HEALTH SERVICES	COM	913903100	46	395	SH		SOLE		395	0	0
UNUM GROUP	COM	91529Y106	37	1,096	SH		SOLE		1,096	0	0
URBAN OUTFITTERS INC	COM	917047102	20	441	SH		SOLE		441	0	0
VF CORP	COM	918204108	113	1,502	SH		SOLE		1,502	0	0
VALERO ENERGY CORP	COM	91913Y100	143	2,253	SH		SOLE		2,253	0	0
VARIAN MEDICAL SYSTEMS INC	COM	92220P105	41	435	SH		SOLE		435	0	0
VECTOR GROUP LTD	NOTE	92240MBC1	11,784	11,000,000	PRN		SOLE		11,000,000	0	0
VENTAS INC	COM	92276F100	106	1,446	SH		SOLE		1,446	0	0
VERISIGN INC	COM	92343E102	31	461	SH		SOLE		461	0	0
BELL ATLANTIC	COM	92343V104	884	18,174	SH		SOLE		18,174	0	0
VERINT SYSTEMS INC	NOTE	92343XAA8	11,056	9,500,000	PRN		SOLE		9,500,000	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	125	1,058	SH		SOLE		1,058	0	0
VIACOM INC	COM	92553P201	110	1,607	SH		SOLE		1,607	0	0
Visa Lnd Dev(Visa Int)	COM	92826C839	555	8,485	SH		SOLE		8,485	0	0
VORNADO REALTY	COM	929042109	85	757	SH		SOLE		757	0	0
VULCAN MATERIALS CO	COM	929160109	48	568	SH		SOLE		568	0	0
WABASH NATIONAL CORP	NOTE	929566AH0	10,453	7,700,000	PRN		SOLE		7,700,000	0	0
WAL-MART STORES	COM	931142103	568	6,907	SH		SOLE		6,907	0	0
WALGREEN CO	COM	931427108	323	3,813	SH		SOLE		3,813	0	0
WASTE MANAGEMENT INC	COM	94106L109	101	1,867	SH		SOLE		1,867	0	0
WATERS CORPORATION	COM	941848103	46	367	SH		SOLE		367	0	0
WELLPOINT INC	NOTE	94973VBG1	24,374	11,800,000	PRN		SOLE		11,800,000	0	0
WELLS FARGO & CO	COM	949746101	1,116	20,507	SH		SOLE		20,507	0	0
WESCO DISTRIBUTION	NOTE	95082PAH8	13,579	5,496,000	PRN		SOLE		5,496,000	0	0
WESTERN DIGITAL CORP	COM	958102105	87	954	SH		SOLE		954	0	0
WESTERN UNION	COM	959802109	47	2,272	SH		SOLE		2,272	0	0
WEYERHAEUSER	COM	962166104	76	2,297	SH		SOLE		2,297	0	0
WHIRLPOOL CORP	COM	963320106	68	337	SH		SOLE		337	0	0
WHOLE FOODS MARKET INC	COM	966837106	82	1,568	SH		SOLE		1,568	0	0
WILLIAMS COMPANIES	COM	969457100	149	2,944	SH		SOLE		2,944	0	0
WINDSTREAM CORP	COM	97382A101	19	2,635	SH		SOLE		2,635	0	0
Wisconsin Energy Corp	COM	976657106	49	986	SH		SOLE		986	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	48	528	SH		SOLE		528	0	0
WYNN RESORTS LTD	COM	983134107	44	349	SH		SOLE		349	0	0
XCEL ENERGY INC	COM	98389B100	77	2,213	SH		SOLE		2,213	0	0
XILINX INC	COM	983919101	49	1,150	SH		SOLE		1,150	0	0
XILINX INC	NOTE	983919AF8	13,320	9,000,000	PRN		SOLE		9,000,000	0	0
XEROX CORP	COM	984121103	59	4,573	SH		SOLE		4,573	0	0
XYLEM INC	COM	98419M100	28	793	SH		SOLE		793	0	0
YAHOO! INC	COM	984332106	169	3,808	SH		SOLE		3,808	0	0
YUM! BRANDS INC	COM	988498101	149	1,895	SH		SOLE		1,895	0	0
ZIMMER HOLDINGS INC	COM	98956P102	87	743	SH		SOLE		743	0	0
ZION BANCORPORATION	COM	989701107	24	880	SH		SOLE		880	0	0
ZOETIS INC	COM	98978V103	101	2,190	SH		SOLE		2,190	0	0
WATSON PHARMACEUTICAL INC	COM	G0083B108	508	1,707	SH		SOLE		1,707	0	0
BLACK HILLS CORP	COM	G0176J109	26	417	SH		SOLE		417	0	0
AON CORP	COM	G0408V102	118	1,226	SH		SOLE		1,226	0	0
ACCENTURE PLC	CL A	G1151C101	257	2,747	SH		SOLE		2,747	0	0
DELPHI AUTOMOTIVE PLC	COM	G27823106	101	1,270	SH		SOLE		1,270	0	0
EATON CORP	COM	G29183103	141	2,069	SH		SOLE		2,069	0	0
ENDO INTERNATIONAL PLC	COM	G30401106	70	776	SH		SOLE		776	0	0
ENSCO PLC	CL A	G3157S106	22	1,024	SH		SOLE		1,024	0	0
INGERSOLL-RAND COMPANY	COM	G47791101	79	1,160	SH		SOLE		1,160	0	0
INVESCO PLC	COM	G491BT108	74	1,875	SH		SOLE		1,875	0	0
MALLINCKRODT PLC	COM	G5785G107	64	505	SH		SOLE		505	0	0
MEDTRONIC PLC	COM	G5960L103	486	6,232	SH		SOLE		6,232	0	0
MICHAEL KORS HOLDINGS LTD	COM	G60754101	58	879	SH		SOLE		879	0	0
NOBLE DRILLING	COM	G65431101	15	1,060	SH		SOLE		1,060	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	75	1,436	SH		SOLE		1,436	0	0
PENTAIR LTD	COM	G7S00T104	50	798	SH		SOLE		798	0	0
TYCO INTERNATIONAL LTD	COM	G91442106	79	1,837	SH		SOLE		1,837	0	0
PERRIGO COMPANY	COM	G97822103	101	612	SH		SOLE		612	0	0
XL CAPITAL LTD	COM	G98290102	41	1,122	SH		SOLE		1,122	0	0
ACE LTD	COM	H0023R105	160	1,432	SH		SOLE		1,432	0	0
GARMIN LTD	COM	H2906T109	25	530	SH		SOLE		530	0	0
TE CONNECTIVITY LTD	COM	H84989104	127	1,774	SH		SOLE		1,774	0	0
TRANSOCEAN OFFSHORE INC	COM	H8817H100	22	1,489	SH		SOLE		1,489	0	0
LYONDELLBASELL INDU	CL A	N53745100	152	1,733	SH		SOLE		1,733	0	0
MYLAN LABORATORIES	COM	N59465109	96	1,622	SH		SOLE		1,622	0	0
NIELSEN HOLDINGS NV	COM	N63218106	62	1,381	SH		SOLE		1,381	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	59	725	SH		SOLE		725	0	0
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	142	1,122	SH		SOLE		1,122	0	0