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	25	757	SH		SOLE		757	0	0
AFLAC INC	COM	001055102	118	1,902	SH		SOLE		1,902	0	0
AGL RESOURCES INC	COM	001204106	24	518	SH		SOLE		518	0	0
AES CORP	COM	00130H105	40	2,990	SH		SOLE		2,990	0	0
ANI PHARMACEUTICALS INC	NOTE	00182CAA1	9,120	8,000,000	PRN		SOLE		8,000,000	0	0
SBC COMMUNICATIONS INC	COM	00206R102	808	22,754	SH		SOLE		22,754	0	0
ABBOTT LABORATORIES	COM	002824100	320	6,524	SH		SOLE		6,524	0	0
ABBVIE INC	COM	00287Y109	506	7,534	SH		SOLE		7,534	0	0
ADOBE SYSTEMS INC	COM	00724F101	169	2,081	SH		SOLE		2,081	0	0
AETNA INC-NEW	COM	00817Y108	195	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	57	1,468	SH		SOLE		1,468	0	0
AIR PRODUCTS AND CHEMICALS INC	COM	009158106	115	843	SH		SOLE		843	0	0
AIRGAS INC	COM	009363102	31	295	SH		SOLE		295	0	0
AIRTRAN CORP	NOTE	00949PAD0	9,563	4,250,000	PRN		SOLE		4,250,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	55	782	SH		SOLE		782	0	0
ALUMINUM COMPANY OF AMERICA	COM	013817101	60	5,356	SH		SOLE		5,356	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	177	981	SH		SOLE		981	0	0
ALLEGHENY TELEDYNE INC	COM	01741R102	14	471	SH		SOLE		471	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	81	278	SH		SOLE		278	0	0
ALLSTATE CORP	COM	020002101	116	1,793	SH		SOLE		1,793	0	0
ALTERA CORP	COM	021441100	68	1,326	SH		SOLE		1,326	0	0
ALTRIA GROUP INC	COM	02209S103	421	8,613	SH		SOLE		8,613	0	0
AMAZONCOM INC	COM	023135106	726	1,673	SH		SOLE		1,673	0	0
AMEREN CORP	COM	023608102	40	1,063	SH		SOLE		1,063	0	0
AMERICAN AIRLINES EXIT TL	COM	02376R102	121	3,036	SH		SOLE		3,036	0	0
AMERICAN ELECTRIC POWER CO INC	COM	025537101	113	2,141	SH		SOLE		2,141	0	0
AMERICAN EXPRESS	COM	025816109	298	3,834	SH		SOLE		3,834	0	0
AIG	COM	026874784	361	5,843	SH		SOLE		5,843	0	0
AMERICAN TOWER CORP	CL A	03027X100	172	1,848	SH		SOLE		1,848	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	97	914	SH		SOLE		914	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	100	802	SH		SOLE		802	0	0
AMETEK INC	COM	031100100	58	1,064	SH		SOLE		1,064	0	0
AMGEN INC	COM	031162100	511	3,331	SH		SOLE		3,331	0	0
AMPHENOL CORP	CL A	032095101	79	1,356	SH		SOLE		1,356	0	0
ANADARKO PETROLEUM CORP	COM	032511107	174	2,225	SH		SOLE		2,225	0	0
ANALOG DEVICES INC	COM	032654105	88	1,373	SH		SOLE		1,373	0	0
WELLPOINT INC	COM	036752103	190	1,160	SH		SOLE		1,160	0	0
ANTHEM INC	NOTE	036752202	20,813	395,000	PRN		SOLE		395,000	0	0
APACHE CORP	COM	037411105	95	1,648	SH		SOLE		1,648	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	25	683	SH		SOLE		683	0	0
APPLE COMPUTER INC	COM	037833100	3,166	25,244	SH		SOLE		25,244	0	0
APPLIED MATERIALS INC	COM	038222105	104	5,396	SH		SOLE		5,396	0	0
ARCHER DANIELS	COM	039483102	131	2,719	SH		SOLE		2,719	0	0
ARES CAPITAL CORP	NOTE	04010LAB9	15,606	15,300,000	PRN		SOLE		15,300,000	0	0
ASSURANT INC	COM	04621X108	20	302	SH		SOLE		302	0	0
AUTODESK INC	COM	052769106	50	989	SH		SOLE		989	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	165	2,058	SH		SOLE		2,058	0	0
AUTONATION INC	COM	05329W102	20	325	SH		SOLE		325	0	0
AUTOZONE INC	COM	053332102	93	140	SH		SOLE		140	0	0
AVALON BAY COMMUNITIES	COM	053484101	92	577	SH		SOLE		577	0	0
AVERY-DENNISON CORP	COM	053611109	24	397	SH		SOLE		397	0	0
BB&T CORPORATION	COM	054937107	129	3,202	SH		SOLE		3,202	0	0
BAKER HUGHES	COM	057224107	117	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	783	46,010	SH		SOLE		46,010	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	206	4,914	SH		SOLE		4,914	0	0
BARD (CR)INC	COM	067383109	55	324	SH		SOLE		324	0	0
BAXTER INTERNATIONAL INC	COM	071813109	167	2,384	SH		SOLE		2,384	0	0
BECTON DICKINSON & CO	COM	075887109	129	913	SH		SOLE		913	0	0
BED BATH & BEYOND INC	COM	075896100	52	751	SH		SOLE		751	0	0
BERKSHIRE HATHAWAY-CAL	COM	084670702	1,088	7,991	SH		SOLE		7,991	0	0
BEST BUY COMPANY INC	COM	086516101	42	1,273	SH		SOLE		1,273	0	0
BIOMARIN PHARMACEUTICAL INC	NOTE	09061GAF8	12,740	8,000,000	PRN		SOLE		8,000,000	0	0
CSR LTD	COM	09062X103	416	1,029	SH		SOLE		1,029	0	0
BLACKROCK INC	COM	09247X101	192	554	SH		SOLE		554	0	0
BLOCK H & R INC	COM	093671105	36	1,203	SH		SOLE		1,203	0	0
BOEING CORP	COM	097023105	391	2,818	SH		SOLE		2,818	0	0
BORG-WARNER AUTOMOTIVE INC	COM	099724106	56	992	SH		SOLE		992	0	0
BOSTON PROPERTIES INC	COM	101121101	80	664	SH		SOLE		664	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	104	5,874	SH		SOLE		5,874	0	0
TRAVELERS COS INC	NOTE	101388AA4	10,557	9,500,000	PRN		SOLE		9,500,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	486	7,304	SH		SOLE		7,304	0	0
BROADCOM CORP	CL A	111320107	123	2,384	SH		SOLE		2,384	0	0
BROOKDALE SENIOR LIVING INC	NOTE	112463AA2	9,000	6,900,000	PRN		SOLE		6,900,000	0	0
BROWN-FORMAN	COM	115637209	69	686	SH		SOLE		686	0	0
CBS CORP	COM	124857202	110	1,984	SH		SOLE		1,984	0	0
CB RICHARD ELLIS GROUP	COM	12504L109	45	1,223	SH		SOLE		1,223	0	0
CF INDUSTRIES HOLDINGS INC	COM	125269100	66	1,032	SH		SOLE		1,032	0	0
C H Robinson Worldwide Inc	COM	12541W209	40	638	SH		SOLE		638	0	0
CIGNA CORP	COM	125509109	184	1,137	SH		SOLE		1,137	0	0
CHICAGO MERCANTILE EXCHANGE	COM	12572Q105	129	1,386	SH		SOLE		1,386	0	0
CMS ENERGY CORP	COM	125896100	38	1,204	SH		SOLE		1,204	0	0
CSX TRANSPORTATION INC	COM	126408103	141	4,328	SH		SOLE		4,328	0	0
CVS CAREMARK CORP	COM	126650100	519	4,944	SH		SOLE		4,944	0	0
CA INC	COM	12673P105	41	1,392	SH		SOLE		1,392	0	0
CABLEVISION SYSTEMS NY GRP	COM	12686C109	23	966	SH		SOLE		966	0	0
CABOT OIL & GAS CORP	CL A	127097103	57	1,807	SH		SOLE		1,807	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	44	848	SH		SOLE		848	0	0
CAMPBELL SOUP CO	COM	134429109	37	776	SH		SOLE		776	0	0
CAPITAL ONE FINANCIAL CORP	COM	14040H105	211	2,395	SH		SOLE		2,395	0	0
CARDINAL HEALTH INC	COM	14149Y108	121	1,449	SH		SOLE		1,449	0	0
CARMAX INC	COM	143130102	61	919	SH		SOLE		919	0	0
CARNIVAL CORP	CL A	143658300	97	1,970	SH		SOLE		1,970	0	0
CATERPILLAR INC	COM	149123101	225	2,651	SH		SOLE		2,651	0	0
CELGENE CORP	COM	151020104	402	3,476	SH		SOLE		3,476	0	0
TIME WARNER	COM	15189T107	36	1,879	SH		SOLE		1,879	0	0
CENTURYLINK INC	COM	156700106	73	2,474	SH		SOLE		2,474	0	0
CERNER CORP	COM	156782104	92	1,333	SH		SOLE		1,333	0	0
CHART INDUSTRIES INC	NOTE	16115QAC4	12,271	12,700,000	PRN		SOLE		12,700,000	0	0
CHESAPEAKE ENERGY	COM	165167107	25	2,267	SH		SOLE		2,267	0	0
CHESAPEAKE ENERGY	NOTE	165167BW6	10,296	10,400,000	PRN		SOLE		10,400,000	0	0
CHEVRON CORP	COM	166764100	795	8,239	SH		SOLE		8,239	0	0
CHIPOTLE MEXICAN GRILL	CL A	169656105	82	135	SH		SOLE		135	0	0
CHUBB CORP	COM	171232101	96	1,010	SH		SOLE		1,010	0	0
CIMAREX ENERGY CO	COM	171798101	45	410	SH		SOLE		410	0	0
CINCINNATI FINANCIAL CORP	COM	172062101	32	646	SH		SOLE		646	0	0
CISCO SYSTEMS INC	COM	17275R102	612	22,286	SH		SOLE		22,286	0	0
CINTAS CORP	COM	172908105	36	420	SH		SOLE		420	0	0
TRAVELERS INC CON	COM	172967424	734	13,294	SH		SOLE		13,294	0	0
CITRIX SYSTEMS INC	COM	177376100	49	700	SH		SOLE		700	0	0
CLOROX COMPANY	COM	189054109	60	573	SH		SOLE		573	0	0
COACH INC	COM	189754104	42	1,210	SH		SOLE		1,210	0	0
COCA-COLA CO	COM	191216100	674	17,187	SH		SOLE		17,187	0	0
COCA COLA ENTERPRISES	COM	19122T109	41	940	SH		SOLE		940	0	0
COGNIZANT TECH SOLUTIONS	COM	192446102	163	2,666	SH		SOLE		2,666	0	0
COLGATE PALMOLIVE	COM	194162103	244	3,726	SH		SOLE		3,726	0	0
COMCAST CORP	COM	20030N101	662	11,014	SH		SOLE		11,014	0	0
COMERICA INC	COM	200340107	40	786	SH		SOLE		786	0	0
COMPTON PETROLEUM FINANCE CORP	COM	205363104	40	611	SH		SOLE		611	0	0
CONAGRA INC	COM	205887102	81	1,862	SH		SOLE		1,862	0	0
PHILLIPS PETROLEUM	COM	20825C104	332	5,402	SH		SOLE		5,402	0	0
CONSOL ENERGY INC	COM	20854P109	22	998	SH		SOLE		998	0	0
CONSOLIDATED EDISON INC	COM	209115104	74	1,281	SH		SOLE		1,281	0	0
CONSTELLATION BRANDS INC	COM	21036P108	86	742	SH		SOLE		742	0	0
CORNING INC	COM	219350105	109	5,515	SH		SOLE		5,515	0	0
COSTCO COMPANIES INC	COM	22160K105	260	1,924	SH		SOLE		1,924	0	0
CROWN CASTLE INTL CORP	COM	22822V101	119	1,478	SH		SOLE		1,478	0	0
CUMMINS ENGINE CO	COM	231021106	97	742	SH		SOLE		742	0	0
DR HORTON	COM	23331A109	40	1,454	SH		SOLE		1,454	0	0
DETROIT EDISON CO	COM	233331107	59	785	SH		SOLE		785	0	0
DANAHER CORP	COM	235851102	231	2,698	SH		SOLE		2,698	0	0
DARDEN RESTAURANTS INC	COM	237194105	39	551	SH		SOLE		551	0	0
DAVITA INC	COM	23918K108	59	746	SH		SOLE		746	0	0
DEERE & CO	COM	244199105	142	1,463	SH		SOLE		1,463	0	0
DELTA AIR LINES INC	COM	247361702	148	3,606	SH		SOLE		3,606	0	0
DENTSPLY INTERNATIONAL INC	COM	249030107	32	613	SH		SOLE		613	0	0
DEPOMED INC	NOTE	249908AA2	10,250	8,000,000	PRN		SOLE		8,000,000	0	0
DEVON ENERGY CORP	COM	25179M103	101	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	780	6,838	SH		SOLE		6,838	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	112	1,939	SH		SOLE		1,939	0	0
DISCOVERY COMMUNICATIONS	COM SER A	25470F104	22	653	SH		SOLE		653	0	0
DISCOVERY COMMUNICATIONS	COM SER C	25470F302	36	1,145	SH		SOLE		1,145	0	0
DIRECTVHOLDINGS /FINANCE	COM	25490A309	204	2,199	SH		SOLE		2,199	0	0
DOLLAR GENERAL	COM	256677105	101	1,302	SH		SOLE		1,302	0	0
DOLLAR TREE INC	COM	256746108	71	896	SH		SOLE		896	0	0
DOMINION RESOURCES INC	COM	25746U109	174	2,600	SH		SOLE		2,600	0	0
DOMINION RESOURCES INC	UNIT 99/99/9999	25746U869	13,580	285,000	PRN		SOLE		285,000	0	0
DOVER CORP	COM	260003108	49	703	SH		SOLE		703	0	0
DOW CHEMICAL	COM	260543103	243	4,749	SH		SOLE		4,749	0	0
CADBURY SCHWEPPES FINANCIAL MGMT	COM	26138E109	62	847	SH		SOLE		847	0	0
DU PONT (EI) DE NEMOURS	COM	263534109	253	3,960	SH		SOLE		3,960	0	0
DUKE POWER	COM	26441C204	214	3,031	SH		SOLE		3,031	0	0
DUN & BRADSTREET CORP	COM	2648E3100	19	158	SH		SOLE		158	0	0
EMC CORP/MASS	COM	268648102	225	8,510	SH		SOLE		8,510	0	0
EOG RESOURCES INC	COM	26875P101	210	2,398	SH		SOLE		2,398	0	0
EQUITABLE RESOURCES	COM	26884L109	54	658	SH		SOLE		658	0	0
E Trade Group Inc	COM	269246401	38	1,263	SH		SOLE		1,263	0	0
EASTMAN CHEMICAL	COM	277432100	53	652	SH		SOLE		652	0	0
EBAY INC	COM	278642103	292	4,844	SH		SOLE		4,844	0	0
ECHO GLOBAL LOGISTICS INC	NOTE	27875TAA9	8,590	8,000,000	PRN		SOLE		8,000,000	0	0
ECOLAB INC	COM	278865100	133	1,177	SH		SOLE		1,177	0	0
EDISON INTERNATIONAL INC	COM	281020107	79	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	90	1,357	SH		SOLE		1,357	0	0
EMERGENT BIOSOLUTIONS INC	NOTE	29089QAB1	9,910	8,000,000	PRN		SOLE		8,000,000	0	0
EMERSON ELECTRIC CO	COM	291011104	162	2,929	SH		SOLE		2,929	0	0
ENCORE CAPITAL GROUP INC	NOTE	292554AH5	7,430	8,000,000	PRN		SOLE		8,000,000	0	0
ENERSYS	NOTE	29275YAA0	15,962	9,250,000	PRN		SOLE		9,250,000	0	0
ENTERGY CORP	COM	29364G103	56	789	SH		SOLE		789	0	0
EQUIFAX INC	COM	294429105	51	523	SH		SOLE		523	0	0
EQUINIX INC	COM	29444U700	9,997	39,359	SH		SOLE		39,359	0	0
EQUITY RESIDENTIAL PROPERTIES TRUST	COM	29476L107	112	1,591	SH		SOLE		1,591	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	60	284	SH		SOLE		284	0	0
NORTHEAST UTILITIES	COM	30040W108	63	1,385	SH		SOLE		1,385	0	0
PECO ENERGY	COM	30161N101	119	3,773	SH		SOLE		3,773	0	0
EXPEDIA INC	CL A	30212P303	47	431	SH		SOLE		431	0	0
EXPEDITORS INTL WASH INC	COM	302130109	39	839	SH		SOLE		839	0	0
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	284	3,195	SH		SOLE		3,195	0	0
EXXON CORP	COM	30231G102	1,524	18,321	SH		SOLE		18,321	0	0
FLIR SYSTEMS INC	COM	302445101	19	612	SH		SOLE		612	0	0
FMC CORP	COM	302491303	31	583	SH		SOLE		583	0	0
FMC TECHNOLOGIES INC	COM	30249U101	42	1,016	SH		SOLE		1,016	0	0
FACEBOOK INC	COM	30303M102	791	9,228	SH		SOLE		9,228	0	0
FAMILY DOLLAR STORES INC	COM	307000109	33	417	SH		SOLE		417	0	0
FASTENAL COMPANY	COM	311900104	50	1,185	SH		SOLE		1,185	0	0
FDX CORP	COM	31428X106	196	1,152	SH		SOLE		1,152	0	0
F5 NETWORKS INC	COM	315616102	39	322	SH		SOLE		322	0	0
FIDELITY NATIONAL INFORMATION SERVICES	COM	31620M106	77	1,239	SH		SOLE		1,239	0	0
FIDELITY NATIONAL TITLE	NOTE	31620RAE5	8,439	4,124,000	PRN		SOLE		4,124,000	0	0
FIFTH THIRD BANCORP	COM	316773100	74	3,549	SH		SOLE		3,549	0	0
FIRST SOLAR INC	COM	336433107	15	326	SH		SOLE		326	0	0
FISERV INC	COM	337738108	86	1,044	SH		SOLE		1,044	0	0
FIRSTENERGY CORP	COM	337932107	60	1,842	SH		SOLE		1,842	0	0
FLUOR CORP - NEW	COM	343412102	34	647	SH		SOLE		647	0	0
FLOWSERVE CORPORATION	COM	34354P105	31	593	SH		SOLE		593	0	0
FORD MOTOR COMPANY	COM	345370860	261	17,419	SH		SOLE		17,419	0	0
FOSSIL INC	COM	34988V106	13	189	SH		SOLE		189	0	0
FRANKLIN RESOURCES INC	COM	354613101	84	1,709	SH		SOLE		1,709	0	0
FREEPORT-MCMORAN	COM	35671D857	85	4,548	SH		SOLE		4,548	0	0
CITIZENS COMMUNICATIONS CO	COM	35906A108	25	5,053	SH		SOLE		5,053	0	0
FRONTIER COMMUNICATIONS	NOTE	35906A207	11,435	115,000	PRN		SOLE		115,000	0	0
GAMESTOP CORP	COM	36467W109	20	472	SH		SOLE		472	0	0
GANNETT SPINCO INC	COM	36473H104	7	496	SH		SOLE		496	0	0
GAP INC	COM	364760108	44	1,161	SH		SOLE		1,161	0	0
GENERAL DYNAMICS CORP	COM	369550108	195	1,378	SH		SOLE		1,378	0	0
GENERAL ELECTRIC CO	COM	369604103	1,173	44,150	SH		SOLE		44,150	0	0
GENERAL GROWTH PROPERTIES	COM	370023103	71	2,748	SH		SOLE		2,748	0	0
GENERAL MILLS INC	COM	370334104	146	2,612	SH		SOLE		2,612	0	0
GENERAL MOTORS CORP	COM	37045V100	197	5,916	SH		SOLE		5,916	0	0
GENESEE & WYOMING INC	UNIT 10/01/2015	371559204	7,264	73,000	PRN		SOLE		73,000	0	0
GENUINE PARTS CO	COM	372460105	59	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	754	6,440	SH		SOLE		6,440	0	0
GILEAD SCIENCES INC	NOTE	375558AP8	31,969	6,200,000	PRN		SOLE		6,200,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	368	1,761	SH		SOLE		1,761	0	0
GOODYEAR TIRE & RUBBER CORP	COM	382550101	36	1,179	SH		SOLE		1,179	0	0
GOOGLE INC	CL A	38259P508	677	1,254	SH		SOLE		1,254	0	0
GOOGLE INC	CL C	38259P706	654	1,257	SH		SOLE		1,257	0	0
GRAINGER WW INC	COM	384802104	63	267	SH		SOLE		267	0	0
GREEN PLAINS REVEWABLE ENERGY	NOTE	393222AD6	15,825	10,900,000	PRN		SOLE		10,900,000	0	0
HCA-THE HEALTHCARE CO	COM	40412C101	115	1,271	SH		SOLE		1,271	0	0
HCP INC	COM	40414L109	73	2,015	SH		SOLE		2,015	0	0
HALLIBURTON CO	COM	406216101	161	3,728	SH		SOLE		3,728	0	0
HANES BRANDS INC	COM	410345102	58	1,753	SH		SOLE		1,753	0	0
HARLEY DAVIDSON	COM	412822108	52	917	SH		SOLE		917	0	0
HARMAN INTL	COM	413086109	37	311	SH		SOLE		311	0	0
HARRIS CORP	COM	413875105	41	539	SH		SOLE		539	0	0
HARTFORD FINANCIAL SERVICES GROUP	COM	416515104	77	1,842	SH		SOLE		1,842	0	0
HASBRO INC	COM	418056107	37	497	SH		SOLE		497	0	0
HEALTH CARE REIT INC	COM	42217K106	101	1,538	SH		SOLE		1,538	0	0
HELMERICH AND PAYNE	COM	423452101	33	469	SH		SOLE		469	0	0
HERSHEY FOODS CORP	COM	427866108	57	644	SH		SOLE		644	0	0
HESS CORP	COM	42809H107	71	1,063	SH		SOLE		1,063	0	0
HEWLETT PACKARD INC	COM	428236103	238	7,916	SH		SOLE		7,916	0	0
HOME DEPOT INC	COM	437076102	633	5,692	SH		SOLE		5,692	0	0
ALLIEDSIGNAL INC	COM	438516106	349	3,423	SH		SOLE		3,423	0	0
HORMEL FOODS CORP	COM	440452100	33	590	SH		SOLE		590	0	0
HORNBECK OFFSHORE SERVICES INC	NOTE	440543AN6	8,407	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	66	3,313	SH		SOLE		3,313	0	0
HUDSON CITY BANCORP INC	COM	443683107	21	2,105	SH		SOLE		2,105	0	0
HUMANA INC	COM	444859102	125	655	SH		SOLE		655	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	40	3,545	SH		SOLE		3,545	0	0
HYBRIDON INC CSD	COM	45168K306	1,379	371,759	SH		SOLE		371,759	0	0
ILLINOIS TOOL WORKS	COM	452308109	136	1,483	SH		SOLE		1,483	0	0
INTEL CORP	COM	458140100	632	20,787	SH		SOLE		20,787	0	0
INTEL CORP	NOTE	458140AF7	19,776	13,000,000	PRN		SOLE		13,000,000	0	0
INTEGRYS ENERGY GROUP INC	COM	45822P105	24	343	SH		SOLE		343	0	0
INTERCONTINENTALEXCHANGE INC	COM	45866F104	110	492	SH		SOLE		492	0	0
INTL BUSINESS MACH	COM	459200101	654	4,020	SH		SOLE		4,020	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	38	352	SH		SOLE		352	0	0
INTERNATIONAL PAPER CO	COM	460146103	88	1,852	SH		SOLE		1,852	0	0
INTERPUBLIC GROUP	COM	460690100	35	1,804	SH		SOLE		1,804	0	0
INTUIT INC	COM	461202103	122	1,211	SH		SOLE		1,211	0	0
INTUITIVE SURGICAL INC	COM	46120E602	78	160	SH		SOLE		160	0	0
IRIDIUM COMMUNICATIONS INC	PRD CONV B	46269C409	7,998	24,000	PRN		SOLE		24,000	0	0
IRON MOUNTAIN	COM	46284V101	25	817	SH		SOLE		817	0	0
ISHARES MSCI EMERGING MKT IN	COM	464287234	11,448	288,955	SH		SOLE		288,955	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	20,729	326,488	SH		SOLE		326,488	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287499	40,075	235,307	SH		SOLE		235,307	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287655	41,435	331,853	SH		SOLE		331,853	0	0
ISHARES SILVER TRUST	COM	46428Q109	12,669	842,919	SH		SOLE		842,919	0	0
CHASE MANHATTAN CORP	COM	46625H100	1,102	16,262	SH		SOLE		16,262	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	22	551	SH		SOLE		551	0	0
JARDEN CORP	NOTE	471109AM0	122,259	10,500,000	PRN		SOLE		10,500,000	0	0
JOHNSON & JOHNSON	COM	478160104	1,184	12,151	SH		SOLE		12,151	0	0
JOHNSON CONTROLS	COM	478366107	142	2,875	SH		SOLE		2,875	0	0
JOY GLOBAL	COM	481165108	15	426	SH		SOLE		426	0	0
J2 GLOBAL INC	NOTE	48123VAC6	12,753	11,000,000	PRN		SOLE		11,000,000	0	0
JUNIPER NETWORKS INC	COM	48203R104	40	1,540	SH		SOLE		1,540	0	0
KLA-TENCOR CORPORATION	COM	482480100	39	701	SH		SOLE		701	0	0
KANSAS CITY SOUTHERN INDS	COM	485170302	44	484	SH		SOLE		484	0	0
KELLOGG CO	COM	487836108	69	1,107	SH		SOLE		1,107	0	0
KEURIG GREEN MOUNTAIN INC	COM	49271M100	39	506	SH		SOLE		506	0	0
KEYCORP	COM	493267108	56	3,718	SH		SOLE		3,718	0	0
KEYCORP	PFD	493267405	12,052	92,000	PRN		SOLE		92,000	0	0
KIMBERLY-CLARK CORP	COM	494368103	169	1,599	SH		SOLE		1,599	0	0
KIMCO REALTY	COM	49446R109	41	1,804	SH		SOLE		1,804	0	0
KINDER MORGAN INC	COM	49456B101	292	7,600	SH		SOLE		7,600	0	0
KOHLS CORP	COM	500255104	54	868	SH		SOLE		868	0	0
KRAFT FOODS INC	COM	50076Q106	221	2,595	SH		SOLE		2,595	0	0
KROGER CO	COM	501044101	156	2,148	SH		SOLE		2,148	0	0
LIMITED INC	COM	501797104	92	1,075	SH		SOLE		1,075	0	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	41	361	SH		SOLE		361	0	0
LABORATORY CORP OF AMERICA HOLDINGS	COM	50540R409	53	438	SH		SOLE		438	0	0
LABORATORY CORP OF AMERICA HOLDINGS	NOTE	50540RAG7	15,176	9,350,000	PRN		SOLE		9,350,000	0	0
LAM RESEARCH CORP	COM	512807108	57	698	SH		SOLE		698	0	0
LAM RESEARCH CORP	NOTE	512807AJ7	21,220	16,000,000	PRN		SOLE		16,000,000	0	0
ESTEE LAUDER	COM	518439104	85	976	SH		SOLE		976	0	0
LEGGETT & PLATT INC	COM	524660107	29	596	SH		SOLE		596	0	0
LEGG MASON INC	COM	524901105	23	437	SH		SOLE		437	0	0
LENNAR CORP	COM	526057104	40	782	SH		SOLE		782	0	0
LEUCADIA NATIONAL CORP	COM	527288104	33	1,375	SH		SOLE		1,375	0	0
LEVEL 3 COMMUNICATIONS	COM	52729N308	68	1,289	SH		SOLE		1,289	0	0
LIBERTY MEDIA CORP	NOTE	531229AB8	7,600	8,000,000	PRN		SOLE		8,000,000	0	0
LILLY (ELI) & CO	COM	532457108	357	4,276	SH		SOLE		4,276	0	0
LINCOLN NATIONAL CORP	COM	534187109	66	1,109	SH		SOLE		1,109	0	0
LINEAR TECHNOLOGY CORP	COM	535678106	46	1,046	SH		SOLE		1,046	0	0
LOCKHEED MARTIN CORP	COM	539830109	218	1,170	SH		SOLE		1,170	0	0
LOEWS CORP	COM	540424108	50	1,302	SH		SOLE		1,302	0	0
LOWES COMPANIES	COM	548661107	274	4,087	SH		SOLE		4,087	0	0
M&T BANK CORPORATION	COM	55261F104	73	581	SH		SOLE		581	0	0
MGIC INVESTMENT CORP	NOTE	552848AE3	13,154	7,900,000	PRN		SOLE		7,900,000	0	0
MACERICH CO/THE	COM	554382101	46	615	SH		SOLE		615	0	0
MACQUARIE INFRASTRUCTURE	NOTE	55608BAA3	24,269	20,600,000	PRN		SOLE		20,600,000	0	0
MACYS INC	COM	55616P104	100	1,475	SH		SOLE		1,475	0	0
USX MARATHON GROUP	COM	565849106	78	2,952	SH		SOLE		2,952	0	0
MARATHON PETROLEM	COM	56585A102	125	2,390	SH		SOLE		2,390	0	0
MARSH & MCLENNAN COS	COM	571748102	133	2,353	SH		SOLE		2,353	0	0
MARRIOT INTERNATIONAL	COM	571903202	68	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	397	4,247	SH		SOLE		4,247	0	0
MATTEL INC	COM	577081102	38	1,479	SH		SOLE		1,479	0	0
MCCORMICK & CO	COM	579780206	46	568	SH		SOLE		568	0	0
MCDONALDS CORP	COM	580135101	400	4,204	SH		SOLE		4,204	0	0
MCGRAW HILL INC NOTE	COM	580645109	120	1,196	SH		SOLE		1,196	0	0
MCKESSON HBOC INC	COM	58155Q103	229	1,018	SH		SOLE		1,018	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	80	884	SH		SOLE		884	0	0
MEADWESTVACO CORP	COM	583334107	34	729	SH		SOLE		729	0	0
MENTOR GRAPHICS CORP	NOTE	587200AK2	15,351	11,350,000	PRN		SOLE		11,350,000	0	0
MERCK & COMPANY INC	COM	58933Y105	705	12,380	SH		SOLE		12,380	0	0
MERITAGE CORP	NOTE	59001AAR3	953	900,000	PRN		SOLE		900,000	0	0
METLIFE INC	COM	59156R108	274	4,888	SH		SOLE		4,888	0	0
MICROSOFT CORP	COM	594918104	1,565	35,447	SH		SOLE		35,447	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	42	881	SH		SOLE		881	0	0
MICRON TECHNOLOGY	COM	595112103	89	4,711	SH		SOLE		4,711	0	0
MOHAWK INDUSTRIES INC	COM	608190104	51	269	SH		SOLE		269	0	0
COORS (ADOLPH)	CL B	60871R209	49	699	SH		SOLE		699	0	0
MONDELEZ INTERNATIONAL INC	COM	609207105	293	7,128	SH		SOLE		7,128	0	0
MONSANTO CO	COM	61166W101	222	2,087	SH		SOLE		2,087	0	0
HANSEN NATURAL CORP	COM	61174X109	86	639	SH		SOLE		639	0	0
DUN AND BRADSTREET CORP	COM	615369105	84	778	SH		SOLE		778	0	0
MORGAN STANLEY	COM	617446448	262	6,743	SH		SOLE		6,743	0	0
MOSAIC CO/THE	COM	61945C103	64	1,361	SH		SOLE		1,361	0	0
MOTOROLA INC	COM	620076307	47	814	SH		SOLE		814	0	0
MURPHY OIL CORP	COM	626717102	30	725	SH		SOLE		725	0	0
MYLAN LABORATORIES	NOTE	628530AJ6	19,311	3,800,000	PRN		SOLE		3,800,000	0	0
NRG ENERGY INC	COM	629377508	33	1,462	SH		SOLE		1,462	0	0
NXP SEMICONDUCTOR NV	NOTE	62952QAA8	13,988	12,000,000	PRN		SOLE		12,000,000	0	0
NASDAQ STOCK MARKET INC	COM	631103108	25	510	SH		SOLE		510	0	0
NATIONAL-OILWELL VARCO INC	COM	637071101	82	1,700	SH		SOLE		1,700	0	0
NAVIENT CORP	COM	63938C108	31	1,705	SH		SOLE		1,705	0	0
NETWORK APPLIANCE INC	COM	64110D104	43	1,366	SH		SOLE		1,366	0	0
NETFLIX INC	COM	64110L106	173	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	48	1,179	SH		SOLE		1,179	0	0
NEWFIELD EXPLORATION COMPANY	COM	651290108	26	713	SH		SOLE		713	0	0
NEWMONT MINING CORP	COM	651639106	54	2,317	SH		SOLE		2,317	0	0
NEWPARK RESOURCES	NOTE	651718AC2	8,390	8,000,000	PRN		SOLE		8,000,000	0	0
NEW CORP	CLA	65249B109	32	2,194	SH		SOLE		2,194	0	0
FPL GROUP INC	COM	65339F101	190	1,939	SH		SOLE		1,939	0	0
NIKE INC	CL B	654106103	331	3,060	SH		SOLE		3,060	0	0
NIPSCO INDUSTRIES INC	COM	65473P105	63	1,383	SH		SOLE		1,383	0	0
NOBLE AFFILIATES INC	COM	655044105	72	1,691	SH		SOLE		1,691	0	0
NORDSTROM INC	COM	655664100	46	615	SH		SOLE		615	0	0
NORFOLK SOUTHERN CORP	COM	655844108	117	1,343	SH		SOLE		1,343	0	0
NORTHERN TRUST CORP	COM	665859104	74	965	SH		SOLE		965	0	0
NORTHROP GRUMMAN CORP	COM	666807102	135	850	SH		SOLE		850	0	0
NUCOR CORP	COM	670346105	61	1,395	SH		SOLE		1,395	0	0
NVDIA CORP	COM	67066G104	45	2,240	PRN		SOLE		2,240	0	0
NVDIA CORP	NOTE	67066GAC8	9,165	8,000,000	PRN		SOLE		8,000,000	0	0
OREILLY AUTOMOTIVE INC	COM	67103H107	100	442	SH		SOLE		442	0	0
OCCIDENTAL PETROLEUM	COM	674599105	262	3,372	SH		SOLE		3,372	0	0
OMNICOM GROUP	COM	681919106	75	1,079	SH		SOLE		1,079	0	0
ONEOK INC	COM	682680103	36	914	SH		SOLE		914	0	0
ORACLE SYSTEMS CORP	COM	68389X105	563	13,969	SH		SOLE		13,969	0	0
OWENS-ILLINOIS INC	COM	690768403	16	716	SH		SOLE		716	0	0
PDL BIOPHARMA INC	NOTE	69329YAF1	8,495	8,960,000	PRN		SOLE		8,960,000	0	0
PG&E CORPORATION	COM	69331C108	103	2,103	SH		SOLE		2,103	0	0
PNC BANK CORP	COM	693475105	218	2,278	SH		SOLE		2,278	0	0
PPG INDUSTRIES INC	COM	693506107	138	1,200	SH		SOLE		1,200	0	0
PP AND L CAPITAL FUNDING	COM	69351T106	86	2,927	SH		SOLE		2,927	0	0
PHILLIPS-VAN HEUSEN CORP	COM	693656100	42	362	SH		SOLE		362	0	0
PACCAR INC	COM	693718108	99	1,550	SH		SOLE		1,550	0	0
PALL CORP	COM	696429307	58	464	SH		SOLE		464	0	0
PARKER HANNIFIN CORP	COM	701094104	71	608	SH		SOLE		608	0	0
PATTERSON COS INC	COM	703395103	18	375	SH		SOLE		375	0	0
PAYCHEX INC	COM	704326107	67	1,429	SH		SOLE		1,429	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	22	1,354	SH		SOLE		1,354	0	0
PEPCO HOLDINGS INC	COM	713291102	30	1,105	SH		SOLE		1,105	0	0
PEPSI CO INC	COM	713448108	604	6,468	SH		SOLE		6,468	0	0
PERKINELMER INC	COM	714046109	26	491	SH		SOLE		491	0	0
PFIZER INC	COM	717081103	905	26,981	SH		SOLE		26,981	0	0
PHILIP MORRIS	COM	718172109	544	6,788	SH		SOLE		6,788	0	0
PHILLIPS 66	COM	718546104	192	2,378	SH		SOLE		2,378	0	0
PINNACLE WEST CAPITAL CORP	COM	723484101	28	485	SH		SOLE		485	0	0
PIONEER NATURAL RESOURCE	COM	723787107	90	647	SH		SOLE		647	0	0
PITNEY BOWES INC	COM	724479100	18	879	SH		SOLE		879	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	31	768	SH		SOLE		768	0	0
POWERSHARES DYN ENERGY	COM	73936B101	4,890	283,659	SH		SOLE		283,659	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B408	25,237	1,080,815	SH		SOLE		1,080,815	0	0
POWERSHARES DB OIL FUND	COM	73936B507	7,796	534,003	SH		SOLE		534,003	0	0
PRAXAIR	COM	74005P104	151	1,265	SH		SOLE		1,265	0	0
PRECISION CASTPARTS CORP	COM	740189105	121	606	SH		SOLE		606	0	0
T ROWE PRICE	COM	74144T108	89	1,151	SH		SOLE		1,151	0	0
PRICELINECOM INC	NOTE	741503AQ9	24,229	18,200,000	PRN		SOLE		18,200,000	0	0
PRICELINECOM INC	COM	741503403	261	227	SH		SOLE		227	0	0
PRINCIPAL FINANCIAL GROUP INC	COM	74251V102	62	1,200	SH		SOLE		1,200	0	0
PROCTOR & GAMBLE CO	COM	742718109	930	11,887	SH		SOLE		11,887	0	0
PROGRESSIVE CORP OH	COM	743315103	65	2,344	SH		SOLE		2,344	0	0
PROLOGIS INC REIT USD	COM	74340W103	85	2,296	SH		SOLE		2,296	0	0
PRUDENTIAL FINANCIAL INC	COM	744320102	174	1,986	SH		SOLE		1,986	0	0
PUBLIC SVC ENTERPRISES	COM	744573106	87	2,213	SH		SOLE		2,213	0	0
PUBLIC STORAGE INC	COM	74460D109	116	629	SH		SOLE		629	0	0
PULTE CORP	COM	745867101	29	1,438	SH		SOLE		1,438	0	0
QEP RESOURCES INC	COM	74733V100	13	707	SH		SOLE		707	0	0
QORVO INC	COM	74736K101	52	654	SH		SOLE		654	0	0
QUALCOMM INC	COM	747525103	447	7,141	SH		SOLE		7,141	0	0
Quanta Serv	COM	74762E102	27	925	SH		SOLE		925	0	0
QUEST DIAGNOSTICS	COM	74834L100	45	625	SH		SOLE		625	0	0
QUIDEL CORP	NOTE	74838JAA9	7,985	8,000,000	PRN		SOLE		8,000,000	0	0
RPM INC-OHIO	NOTE	749685AT0	16,293	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	36	732	SH		SOLE		732	0	0
RAYONIER INC	NOTE	75508AAC0	7,884	7,000,000	PRN		SOLE		7,000,000	0	0
RAYTHEON CO	COM	755111507	128	1,341	SH		SOLE		1,341	0	0
REALTY INCOME CORP	COM	756109104	45	1,018	SH		SOLE		1,018	0	0
RED HAT INC	COM	756577102	61	803	SH		SOLE		803	0	0
REGENERON PHARMACEUTICALS INC	COM	75886F107	168	330	SH		SOLE		330	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	61	5,874	SH		SOLE		5,874	0	0
REPUBLIC SERVICES	COM	760759100	43	1,096	SH		SOLE		1,096	0	0
RJR NABISCO HOLDINGS	COM	761713106	136	182,188	SH		SOLE		182,188	0	0
ROBERT HALF INTERNATIONAL INC	COM	770323103	33	598	SH		SOLE		598	0	0
ROCKWELL AUTOMATION	COM	773903109	74	597	SH		SOLE		597	0	0
ROCKWELL COLLINS INC	COM	774341101	54	581	SH		SOLE		581	0	0
ROPER INDUSTRIES INC	COM	776696106	75	433	SH		SOLE		433	0	0
ROPER INDUSTRIES INC	NOTE	776696AA4	15,518	7,100,000	PRN		SOLE		7,100,000	0	0
ROSS STORES INC	COM	778296103	89	1,822	SH		SOLE		1,822	0	0
RYDER SYSTEM INC NOTE	COM	783549108	20	226	SH		SOLE		226	0	0
SL GREEN REALTY CORP	COM	78440X101	47	431	SH		SOLE		431	0	0
SPDR TRUST SERIES 1	COM	78462F103	185	900	SH		SOLE		900	0	0
SPDR GOLD TRUST	COM	78463V107	29,459	262,159	SH		SOLE		262,159	0	0
ST JUDE MEDICAL INC	COM	790849103	90	1,231	SH		SOLE		1,231	0	0
SALESFORCECOM INC	COM	79466L302	186	2,671	SH		SOLE		2,671	0	0
SANDISK CORP	COM	80004C101	53	912	SH		SOLE		912	0	0
SANDISK CORP	NOTE	80004CAD3	12,026	9,300,000	PRN		SOLE		9,300,000	0	0
SCANA CORP	COM	80589M102	32	625	SH		SOLE		625	0	0
HENRY SCHEIN INC	COM	806407102	52	366	SH		SOLE		366	0	0
SCHLUMBERGER LTD	COM	806857108	480	5,564	SH		SOLE		5,564	0	0
SCHWAB CHARLES CORP	COM	808513105	165	5,064	SH		SOLE		5,064	0	0
EW SCRIPPS CO	CL A	811065101	27	417	SH		SOLE		417	0	0
SEACOR HOLDINGS	NOTE	81170YAB5	10,591	11,900,000	PRN		SOLE		11,900,000	0	0
SEALED AIR CORP	COM	81211K100	47	919	SH		SOLE		919	0	0
SEMPRA ENERGY	COM	816851109	100	1,012	SH		SOLE		1,012	0	0
SHERWIN-WILLIAMS CO	COM	824348106	97	353	SH		SOLE		353	0	0
SIGMA-ALDRICH	COM	826552101	73	522	SH		SOLE		522	0	0
SIMON PROPERTY GROUP	COM	828806109	235	1,359	SH		SOLE		1,359	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	87	834	SH		SOLE		834	0	0
JM SMUCKER CO/THE-NEWW COM	COM	832696405	46	425	SH		SOLE		425	0	0
SNAP-ON INC NOTE TR	COM	833034101	40	251	SH		SOLE		251	0	0
SOUTHERN COMPANY	COM	842587107	167	3,979	SH		SOLE		3,979	0	0
SOUTHWEST AIRLINES	COM	844741108	97	2,929	SH		SOLE		2,929	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	39	1,695	SH		SOLE		1,695	0	0
SPECTRA ENERGY CORP	COM	847560109	96	2,935	SH		SOLE		2,935	0	0
SPECTRANETICS CORP	NOTE	84760CAA5	9,785	9,500,000	PRN		SOLE		9,500,000	0	0
STANLEY BLACK + DECKER INC	COM	854502101	71	674	SH		SOLE		674	0	0
STANLEY BLACK + DECKER INC	UNIT 99/99/9999	854502309	19,769	137,000	PRN		SOLE		137,000	0	0
STAPLES INC	COM	855030102	43	2,801	SH		SOLE		2,801	0	0
STARBUCKS CORP	COM	855244109	352	6,574	SH		SOLE		6,574	0	0
STARWOOD PROPERTY TRUST	NOTE	85571BAC9	10,069	10,000,000	PRN		SOLE		10,000,000	0	0
STARWOOD HOTELS & RESORTS WORLDWIDE INC	COM	85590A401	61	751	SH		SOLE		751	0	0
STATE STREET BOSTON CORP	COM	857477103	139	1,804	SH		SOLE		1,804	0	0
STERICYCLE INC	COM	858912108	50	370	SH		SOLE		370	0	0
STLLWATER MINING COMPANY	NOTE	86074QAL6	7,700	7,200,000	PRN		SOLE		7,200,000	0	0
STRYKER CORP	COM	863667101	125	1,308	SH		SOLE		1,308	0	0
SUNTRUST BANK	COM	867914103	97	2,262	SH		SOLE		2,262	0	0
SYMANTEC CORP	COM	871503108	69	2,985	SH		SOLE		2,985	0	0
SYSCO CORP	COM	871829107	94	2,601	SH		SOLE		2,601	0	0
TECO ENERGY INC	COM	872375100	18	1,030	SH		SOLE		1,030	0	0
TJX COMPANIES INC	COM	872540109	198	2,986	SH		SOLE		2,986	0	0
TPG SPECIALTY LENDING INC	NOTE	87265KAB8	11,888	12,000,000	PRN		SOLE		12,000,000	0	0
TAKE-TWO INTERACTIVE SOFTWARE INC	NOTE	874054AD1	11,080	8,000,000	PRN		SOLE		8,000,000	0	0
DAYTON HUDSON CORP	COM	87612E106	228	2,797	SH		SOLE		2,797	0	0
TENET HEALTHCARE CORP	COM	88033G407	25	426	SH		SOLE		426	0	0
TERADATA CORP	COM	88076W103	23	623	SH		SOLE		623	0	0
TESORO PETROLEUM CORP	COM	881609101	46	549	SH		SOLE		549	0	0
TESLA MOTORS INC	NOTE	88160RAC5	10,759	11,000,000	PRN		SOLE		11,000,000	0	0
TEXAS INSTRUMENTS IN	COM	882508104	235	4,559	SH		SOLE		4,559	0	0
TEXTRON	COM	883203101	54	1,210	SH		SOLE		1,210	0	0
THERMO ELECTRON CORP	COM	883556102	226	1,739	SH		SOLE		1,739	0	0
MINNESOTA MINING & MANUFACTURING	COM	88579Y101	428	2,777	SH		SOLE		2,777	0	0
TIFFANY & COMPANY	COM	886547108	45	487	SH		SOLE		487	0	0
TIME WARNER INC COM	COM	887317303	316	3,614	SH		SOLE		3,614	0	0
TIME WARNER CABLE INC	COM	88732J207	221	1,238	SH		SOLE		1,238	0	0
TORCHMARK CORP	COM	891027104	33	560	SH		SOLE		560	0	0
TOTAL SYSTEM SERVICES	COM	891906109	30	718	SH		SOLE		718	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	54	595	SH		SOLE		595	0	0
THE TRAVELERS COMPANIES INC	COM	89417E109	136	1,406	SH		SOLE		1,406	0	0
TRIPADVISOR INC	COM	896945201	42	483	SH		SOLE		483	0	0
NEWS AMERICA CORP	COM	90130A101	252	7,754	SH		SOLE		7,754	0	0
TYSON FOODS	COM	902494103	54	1,270	SH		SOLE		1,270	0	0
US BANCORP(SUPER REGIONAL)	COM	902973304	337	7,770	SH		SOLE		7,770	0	0
UNDER ARMOUR INC	COM	904311107	61	736	SH		SOLE		736	0	0
UNION PACIFIC CORP	COM	907818108	366	3,837	SH		SOLE		3,837	0	0
UNITED PARCEL SERVICE	CL B	911312106	294	3,031	SH		SOLE		3,031	0	0
UNITED RENTALS INC	COM	911363109	37	423	SH		SOLE		423	0	0
US NATURAL GAS FUND LP	COM	912318201	3,307	243,851	SH		SOLE		243,851	0	0
UNITED STATES 12 MONTH OIL	COM	91288V103	821	30,652	SH		SOLE		30,652	0	0
UNITED TECH CORP	COM	913017109	402	3,627	SH		SOLE		3,627	0	0
UNITED TECH CORP	UNIT 99/99/9999	913017117	17,190	300,000	PRN		SOLE		300,000	0	0
UNITED HEALTHCARE	COM	91324P102	509	4,173	SH		SOLE		4,173	0	0
UNIVERSAL HEALTH SERVICES	COM	913903100	56	395	SH		SOLE		395	0	0
UNUM GROUP	COM	91529Y106	39	1,096	SH		SOLE		1,096	0	0
URBAN OUTFITTERS INC	COM	917047102	15	427	SH		SOLE		427	0	0
VF CORP	COM	918204108	104	1,490	SH		SOLE		1,490	0	0
VALERO ENERGY CORP	COM	91913Y100	140	2,229	SH		SOLE		2,229	0	0
VARIAN MEDICAL SYSTEMS INC	COM	92220P105	37	435	SH		SOLE		435	0	0
VECTOR GROUP LTD	NOTE	92240MBC1	12,045	11,000,000	PRN		SOLE		11,000,000	0	0
VENTAS INC	COM	92276F100	90	1,446	SH		SOLE		1,446	0	0
VERISIGN INC	COM	92343E102	28	461	SH		SOLE		461	0	0
BELL ATLANTIC	COM	92343V104	833	17,872	SH		SOLE		17,872	0	0
VERINT SYSTEMS INC	NOTE	92343XAA8	10,747	9,500,000	PRN		SOLE		9,500,000	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	132	1,068	SH		SOLE		1,068	0	0
VIACOM INC	COM	92553P201	101	1,566	SH		SOLE		1,566	0	0
Visa Lnd Dev(Visa Int)	COM	92826C839	569	8,471	SH		SOLE		8,471	0	0
VORNADO REALTY	COM	929042109	73	767	SH		SOLE		767	0	0
VULCAN MATERIALS CO	COM	929160109	49	581	SH		SOLE		581	0	0
WABASH NATIONAL CORP	NOTE	929566AH0	9,673	7,700,000	PRN		SOLE		7,700,000	0	0
WAL-MART STORES	COM	931142103	490	6,907	SH		SOLE		6,907	0	0
WALGREEN CO	COM	931427108	323	3,823	SH		SOLE		3,823	0	0
WASTE MANAGEMENT INC	COM	94106L109	87	1,867	SH		SOLE		1,867	0	0
WATERS CORPORATION	COM	941848103	47	367	SH		SOLE		367	0	0
WELLS FARGO & CO	COM	949746101	1,155	20,532	SH		SOLE		20,532	0	0
WESCO DISTRIBUTION	NOTE	95082PAH8	13,307	5,496,000	PRN		SOLE		5,496,000	0	0
WESTERN DIGITAL CORP	COM	958102105	75	954	SH		SOLE		954	0	0
WESTERN UNION	COM	959802109	46	2,272	SH		SOLE		2,272	0	0
WEYERHAEUSER	COM	962166104	72	2,270	SH		SOLE		2,270	0	0
WHIRLPOOL CORP	COM	963320106	58	337	SH		SOLE		337	0	0
WHOLE FOODS MARKET INC	COM	966837106	62	1,568	SH		SOLE		1,568	0	0
WILLIAMS COMPANIES	COM	969457100	169	2,944	SH		SOLE		2,944	0	0
WISCONSIN ENERGY CORP	COM	976657106	45	986	SH		SOLE		986	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	43	528	SH		SOLE		528	0	0
WYNN RESORTS LTD	COM	983134107	34	349	SH		SOLE		349	0	0
XCEL ENERGY INC	COM	98389B100	71	2,213	SH		SOLE		2,213	0	0
XILINX INC	COM	983919101	50	1,134	SH		SOLE		1,134	0	0
XILINX INC	NOTE	983919AF8	13,911	9,000,000	PRN		SOLE		9,000,000	0	0
XEROX CORP	COM	984121103	48	4,548	SH		SOLE		4,548	0	0
XYLEM INC	COM	98419M100	29	793	SH		SOLE		793	0	0
YAHOO! INC	COM	984332106	150	3,824	SH		SOLE		3,824	0	0
YUM! BRANDS INC	COM	988498101	171	1,895	SH		SOLE		1,895	0	0
ZIMMER HOLDINGS INC	COM	98956P102	81	743	SH		SOLE		743	0	0
ZION BANCORPORATION	COM	989701107	28	890	SH		SOLE		890	0	0
ZOETIS INC	COM	98978V103	106	2,190	SH		SOLE		2,190	0	0
BLACK HILLS CORP	COM	G0176J109	25	417	SH		SOLE		417	0	0
WATSON PHARMACEUTICAL INC	COM	G0177J108	522	1,719	SH		SOLE		1,719	0	0
ACTAVIS PLC	NOTE	G0177J116	12,511	12,000	PRN		SOLE		12,000	0	0
AON CORP	COM	G0408V102	122	1,226	SH		SOLE		1,226	0	0
ACCENTURE PLC	CL A	G1151C101	266	2,747	SH		SOLE		2,747	0	0
DELPHI AUTOMOTIVE PLC	COM	G27823106	108	1,270	SH		SOLE		1,270	0	0
EATON CORP	COM	G29183103	138	2,047	SH		SOLE		2,047	0	0
ENDO INTERNATIONAL PLC	COM	G30401106	71	888	SH		SOLE		888	0	0
ENSCO PLC	CLA	G3157S106	23	1,024	SH		SOLE		1,024	0	0
INGERSOLL-RAND COMPANY	COM	G47791101	78	1,160	SH		SOLE		1,160	0	0
INVESCO PLC	COM	G491BT108	71	1,887	SH		SOLE		1,887	0	0
MALLINCKRODT PLC	COM	G5785G107	59	505	SH		SOLE		505	0	0
MEDTRONIC PLC	COM	G5960L103	463	6,244	SH		SOLE		6,244	0	0
MICHAEL KORS HOLDINGS LTD	COM	G60754101	37	879	SH		SOLE		879	0	0
NOBLE DRILLING	COM	G65431101	16	106,112,696,492	SH		SOLE		106,112,696,492	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	66	1,391	SH		SOLE		1,391	0	0
PENTAIR LTD	COM	G7S00T104	54	788	SH		SOLE		788	0	0
TYCO INTERNATIONAL LTD	COM	G91442106	71	1,837	SH		SOLE		1,837	0	0
PERRIGO COMPANY	COM	G97822103	118	640	SH		SOLE		640	0	0
XL CAPITAL LTD	COM	G98290102	50	1,343	SH		SOLE		1,343	0	0
ACE LTD	COM	H0023R105	146	1,432	SH		SOLE		1,432	0	0
GARMIN LTD	COM	H2906T109	23	530	SH		SOLE		530	0	0
TE CONNECTIVITY LTD	COM	H84989104	114	1,774	SH		SOLE		1,774	0	0
TRANSOCEAN OFFSHORE INC	COM	H8817H100	24	1,489	SH		SOLE		1,489	0	0
LYONDELLBASELL INDU	CL A	N53745100	178	1,722	SH		SOLE		1,722	0	0
MYLAN LABORATORIES	COM	N59465109	122	1,803	SH		SOLE		1,803	0	0
NIELSEN HOLDINGS NV	COM	N63218106	73	1,625	SH		SOLE		1,625	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	57	725	SH		SOLE		725	0	0
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	149	1,122	SH		SOLE		1,122	0	0