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
Estimated average burden
hours per response: 23.8
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
ACADIA RLTY TR COM SH BEN INT 004239109 38 1,541 SH   DFND 3 1,541 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 30,041 1,216,721 SH   OTR 3 0 1,216,721 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 150 11,500 SH   DFND 3 11,500 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 15,832 1,216,917 SH   DFND 3 1,216,917 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 32 5,200 SH   DFND 3 5,200 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 2,477 398,300 SH   DFND 3 398,300 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 28 500 SH   DFND 3 500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,581 32,000 SH   DFND 3 32,000 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 57 4,200 SH   DFND 3 4,200 0 0
BRASKEM S A SP ADR PFD A 105532105 4 300 SH   DFND 3 300 0 0
BRASKEM S A SP ADR PFD A 105532105 1,295 87,000 SH   DFND 3 87,000 0 0
BROWN FORMAN CORP CL B 115637209 263 3,900 SH   DFND 3 3,900 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 111 6,600 SH   DFND 3 6,600 0 0
CAMDEN PPTY TR SH BEN INT 133131102 152 2,200 SH   DFND 3 2,200 0 0
CAMDEN PPTY TR SH BEN INT 133131102 96,734 1,399,108 SH   OTR 3 0 1,399,108 0
CARNIVAL CORP PAIRED CTF 143658300 422 12,300 SH   DFND 3 12,300 0 0
CBS CORP NEW CL B 124857202 908 18,571 SH   DFND 3 18,571 0 0
CELANESE CORP DEL COM SER A 150870103 246 5,500 SH   DFND 3 5,500 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 53 5,016 SH   DFND 3 5,016 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 156 14,748 SH   DFND 3 14,748 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 14 1,000 SH   DFND 4,1,2 1,000 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 4 1,000 SH   DFND 3 1,000 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 198 1,600 SH   DFND 3 1,600 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 27 1,300 SH   DFND 3 1,300 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,446 40,648 SH   DFND 2 40,648 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 296 8,500 SH   DFND 3 8,500 0 0
CHINA SOUTHN AIRLS LTD SPON ADR CL H 169409109 55 2,700 SH   DFND 3 2,700 0 0
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 45 1,400 SH   DFND 3 1,400 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 28 200 SH   DFND 3 200 0 0
COLONIAL PPTYS TR COM SH BEN INT 195872106 53 2,200 SH   DFND 3 2,200 0 0
COMCAST CORP NEW CL A SPL 20030N200 591 14,900 SH   DFND 3 14,900 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 73 3,175 SH   DFND 3 3,175 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 105 2,800 SH   DFND 3 2,800 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 3,287 88,000 SH   DFND 3 88,000 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 22 2,412 SH   DFND 3 2,412 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 5,881 655,591 SH   DFND 3 655,591 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 5 400 SH   DFND 3 400 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 553 44,500 SH   DFND 3 44,500 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 59 2,300 SH   DFND 3 2,300 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 99,774 3,912,688 SH   OTR 3 0 3,912,688 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 297 3,840 SH   DFND 3 3,840 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 198 2,840 SH   DFND 3 2,840 0 0
DISNEY WALT CO COM DISNEY 254687106 4,237 67,100 SH   DFND 3 67,100 0 0
DISNEY WALT CO COM DISNEY 254687106 221 3,500 SH   OTR 3 0 3,500 0
EATON VANCE CORP COM NON VTG 278265103 180 4,800 SH   DFND 3 4,800 0 0
ECOPETROL S A SPONSORED ADS 279158109 55 1,300 SH   DFND 3 1,300 0 0
EPR PPTYS COM SH BEN INT 26884U109 60 1,200 SH   DFND 3 1,200 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,121 19,300 SH   DFND 3 19,300 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 463,172 7,977,480 SH   OTR 3 0 7,977,480 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 404 3,900 SH   DFND 3 3,900 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 217,562 2,098,398 SH   OTR 3 0 2,098,398 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 83 800 SH   DFND 3 800 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 330 3,200 SH   DFND 3 3,200 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,688 109,123 SH   DFND 3 109,123 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 271 17,500 SH   OTR 3 0 17,500 0
GERDAU S A SPON ADR REP PFD 373737105 22 3,800 SH   DFND 3 3,800 0 0
GERDAU S A SPON ADR REP PFD 373737105 5,694 997,200 SH   DFND 3 997,200 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 41 3,800 SH   DFND 3 3,800 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 16,154 1,479,298 SH   OTR 3 0 1,479,298 0
GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 36 10,600 SH   DFND 3 10,600 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 38 1,500 SH   DFND 3 1,500 0 0
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 15 300 SH   DFND 3 300 0 0
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 25 500 SH   DFND 3 500 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 22 200 SH   DFND 3 200 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 28 2,000 SH   DFND 3 2,000 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 26 4,600 SH   DFND 3 4,600 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 14,680 2,602,804 SH   OTR 3 0 2,602,804 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 97 3,700 SH   DFND 3 3,700 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 246 4,691 SH   DFND 2 4,691 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 22 2,600 SH   DFND 3 2,600 0 0
ISHARES INC MSCI BRAZIL CAPP 464286400 1,699 38,740 SH   DFND   38,740 0 0
ISHARES INC MSCI CDA INDEX 464286509 5 200 SH   DFND 3 200 0 0
ISHARES INC MSCI PAC J IDX 464286665 4 100 SH   DFND 3 100 0 0
ISHARES INC MSCI UTD KINGD 464286699 177 10,000 SH   DFND 3 10,000 0 0
ISHARES INC MSCI GERMAN 464286806 371 15,000 SH   DFND 3 15,000 0 0
ISHARES INC MSCI MALAYSIA 464286830 4,988 320,830 SH   DFND   320,830 0 0
ISHARES TR MSCI EMERG MKT 464287234 139 3,600 SH   DFND 3 3,600 0 0
ISHARES TR JPMORGAN USD 464288281 110 1,001 SH   DFND 3 1,001 0 0
ISHARES TR HIGH YLD CORP 464288513 88,354 972,200 SH   DFND 3 972,200 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 180 13,910 SH   DFND 3 13,910 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 18,930 1,465,164 SH   DFND 3 1,465,164 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 62 2,500 SH   DFND 3 2,500 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 80,735 3,268,638 SH   OTR 3 0 3,268,638 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 25 2,100 SH   DFND 3 2,100 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 406 17,650 SH   DFND 3 17,650 0 0
LIBERTY PPTY TR SH BEN INT 531172104 310 8,400 SH   DFND 3 8,400 0 0
LIBERTY PPTY TR SH BEN INT 531172104 128,106 3,466,080 SH   OTR 3 0 3,466,080 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 749 11,300 SH   DFND 3 11,300 0 0
MCCORMICK & CO INC COM NON VTG 579780206 274 3,900 SH   DFND 3 3,900 0 0
MOLSON COORS BREWING CO CL B 60871R209 215 4,500 SH   DFND 3 4,500 0 0
NEWS CORP CL B 65248E203 211 13,700 SH   DFND 3 13,700 0 0
NIKE INC CL B 654106103 1,503 23,600 SH   DFND 3 23,600 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 327 8,700 SH   DFND 3 8,700 0 0
OI S.A. SPN ADR REP PFD 670851203 3 1,900 SH   DFND 3 1,900 0 0
OI S.A. SPN ADR REP PFD 670851203 877 487,000 SH   DFND 3 487,000 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 30 1,600 SH   DFND 3 1,600 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 88 6,000 SH   DFND 3 6,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 9,948 678,600 SH   DFND 3 678,600 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 30 1,200 SH   DFND 3 1,200 0 0
POWERSHARES GLOBAL ETF TRUST EMER MRKT PORT 73936T763 498 26,000 SH   DFND 3 26,000 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 23 1,500 SH   DFND 3 1,500 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 13,477 867,812 SH   OTR 3 0 867,812 0
SELECT INCOME REIT COM SH BEN INT 81618T100 14 500 SH   DFND 3 500 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 130 5,000 SH   DFND 3 5,000 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 122,717 4,732,614 SH   OTR 3 0 4,732,614 0
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 16 2,600 SH   DFND 3 2,600 0 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 13 400 SH   DFND 3 400 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 267 6,600 SH   DFND 3 6,600 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 65 1,600 SH   DFND 3 1,600 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,486 10,000 SH   DFND 3 10,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,829 11,400 SH   DFND 3 11,400 0 0
SPRINT NEXTEL CORP COM SER 1 852061100 627 89,322 SH   DFND 3 89,322 0 0
STERLITE INDS INDIA LTD ADS 859737207 36 6,200 SH   DFND 3 6,200 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 34 2,400 SH   DFND 3 2,400 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 26 11,000 SH   DFND 3 11,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,911 22,100 SH   DFND 3 22,100 0 0
UNITED PARCEL SERVICE INC CL B 911312106 346 4,000 SH   OTR 3 0 4,000 0
UNITED STATES OIL FUND LP UNITS 91232N108 171 5,000 SH   DFND 3 5,000 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 134 2,000 SH   OTR 3 0 2,000 0
VALE S A ADR REPSTG PFD 91912E204 105 8,600 SH   DFND 3 8,600 0 0
VALE S A ADR REPSTG PFD 91912E204 10,201 838,900 SH   DFND 3 838,900 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 23 600 SH   DFND 3 600 0 0
VIACOM INC NEW CL B 92553P201 910 13,371 SH   DFND 3 13,371 0 0
VORNADO RLTY TR SH BEN INT 929042109 760 9,169 SH   DFND 3 9,169 0 0
VORNADO RLTY TR SH BEN INT 929042109 545,114 6,579,524 SH   OTR 3 0 6,579,524 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 48 1,800 SH   DFND 3 1,800 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 92 3,000 SH   DFND 3 3,000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 182,491 5,930,801 SH   OTR 3 0 5,930,801 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 9 760 SH   DFND 3 760 0 0
WIPRO LTD SPON ADR 1 SH 97651M109 16 2,196 SH   DFND 3 2,196 0 0
***ERROR:MISSING*** ***MISSING*** 739363AF6 1 5,320,000 PRN   DFND 4,1,2 5,320,000 0 0
***ERROR:MISSING*** ***MISSING*** 983919AF8 5,723 4,000,000 PRN   DFND 4,1,2 4,000,000 0 0
3M COM 88579Y101 2,176 19,900 SH   DFND 3 19,900 0 0
ABBOTT COM 002824100 1,629 46,700 SH   DFND 3 46,700 0 0
ABBVIE COM 00287Y109 2,001 48,400 SH   DFND 3 48,400 0 0
ABBVIE COM 00287Y109 198 4,800 SH   OTR 3 0 4,800 0
ACCENTURE PLC IRELAND CLASS A G1151C101 1,403 19,500 SH   DFND 3 19,500 0 0
ACCENTURE PLC IRELAND CLASS A G1151C101 72 1,000 SH   OTR 3 0 1,000 0
ACE SHS H0023R105 913 10,200 SH   DFND 3 10,200 0 0
ACTAVIS COM 00507K103 467 3,700 SH   DFND 3 3,700 0 0
ACTIVISION BLIZZARD COM 00507V109 214 15,000 SH   DFND 3 15,000 0 0
ADOBE SYS COM 00724F101 702 15,400 SH   DFND 3 15,400 0 0
ADVANCE AUTO PARTS COM 00751Y106 207 2,550 SH   DFND 3 2,550 0 0
ADVANCED SEMICONDUCTOR ENGR ADR 00756M404 22 5,400 SH   DFND 3 5,400 0 0
AES COM 00130H105 225 18,800 SH   DFND 3 18,800 0 0
AETNA INC COM 00817Y108 729 11,473 SH   DFND 3 11,473 0 0
AFFILIATED MANAGERS COM 008252108 230 1,400 SH   DFND 3 1,400 0 0
AFLAC COM 001055102 814 14,000 SH   DFND 3 14,000 0 0
AGCO COM 001084102 166 3,300 SH   DFND 3 3,300 0 0
AGILENT TECHNOLOGIES COM 00846U101 466 10,890 SH   DFND 3 10,890 0 0
AGNICO EAGLE MINES COM 008474108 826 30,000 SH   DFND 3 30,000 0 0
AGREE REALTY COM 008492100 9 300 SH   DFND 3 300 0 0
AIR PRODS & CHEMS COM 009158106 595 6,500 SH   DFND 3 6,500 0 0
AIRGAS COM 009363102 210 2,200 SH   DFND 3 2,200 0 0
AIRTRAN HLDGS INC NOTE 5.250%11/0 00949PAD0 989 700,000 PRN   DFND 1,2 700,000 0 0
AKAMAI TECHNOLOGIES COM 00971T101 213 5,000 SH   DFND 3 5,000 0 0
ALBEMARLE COM 012653101 137 2,200 SH   DFND 3 2,200 0 0
ALCOA COM 013817101 243 31,100 SH   DFND 3 31,100 0 0
ALEXANDRIA REAL ESTATE EQ COM 015271109 125 1,900 SH   DFND 3 1,900 0 0
ALEXANDRIA REAL ESTATE EQ COM 015271109 112,079 1,705,404 SH   OTR 3 0 1,705,404 0
ALEXION PHARMACEUTICALS COM 015351109 581 6,300 SH   DFND 3 6,300 0 0
ALLEGHANY CORP COM 017175100 153 400 SH   DFND 3 400 0 0
ALLERGAN COM 018490102 767 9,100 SH   DFND 3 9,100 0 0
ALLIANCE DATA SYSTEMS COM 018581108 272 1,500 SH   DFND 3 1,500 0 0
ALLIANT ENERGY COM 018802108 192 3,800 SH   DFND 3 3,800 0 0
ALLSTATE COM 020002101 717 14,900 SH   DFND 3 14,900 0 0
ALTERA COM 021441100 327 9,900 SH   DFND 3 9,900 0 0
ALTRIA GROUP COM 02209S103 16,214 463,400 SH   DFND 3 463,400 0 0
ALUMINUM CORP CHINA LTD SPON ADR SHS 022276109 23 2,900 SH   DFND 3 2,900 0 0
AMAZON COM COM 023135106 3,110 11,200 SH   DFND 3 11,200 0 0
AMEREN COM 023608102 265 7,700 SH   DFND 3 7,700 0 0
AMERESCO CL A 02361E108 608 67,500 SH   DFND 3 67,500 0 0
AMERICA MOVIL SAB DE CV SPON ADR SHS 02364W105 113 5,200 SH   DFND 3 5,200 0 0
AMERICA MOVIL SAB DE CV SPON ADR SHS 02364W105 605 27,800 SH   DFND 3 27,800 0 0
AMERICAN ASSETS TR COM 024013104 28 900 SH   DFND 3 900 0 0
AMERICAN ASSETS TR COM 024013104 13,869 449,416 SH   OTR 3 0 449,416 0
AMERICAN CAMPUS CMNTYS COM 024835100 113 2,768 SH   DFND 3 2,768 0 0
AMERICAN CAMPUS CMNTYS COM 024835100 27,926 686,810 SH   OTR 3 0 686,810 0
AMERICAN CAPITAL AGENCY COM 02503X105 278 12,100 SH   DFND 3 12,100 0 0
AMERICAN ELEC PWR COM 025537101 694 15,500 SH   DFND 3 15,500 0 0
AMERICAN EXPRESS COM 025816109 10,104 135,150 SH   DFND 3 135,150 0 0
AMERICAN EXPRESS COM 025816109 179 2,400 SH   OTR 3 0 2,400 0
AMERICAN INTL GROUP COM NEW 026874784 1,935 43,292 SH   DFND 3 43,292 0 0
AMERICAN INTL GROUP COM NEW 026874784 5,096 114,000 SH   OTR 3 0 114,000 0
AMERICAN RLTY CAP PPTYS COM 02917T104 64 4,200 SH   DFND 3 4,200 0 0
AMERICAN TOWER CORP COM 03027X100 915 12,500 SH   DFND 3 12,500 0 0
AMERICAN WTR WKS CO INC COM 030420103 602 14,600 SH   DFND 3 14,600 0 0
AMERIPRISE FINL COM 03076C106 498 6,160 SH   DFND 3 6,160 0 0
AMERIPRISE FINL COM 03076C106 356 4,400 SH   OTR 3 0 4,400 0
AMERISOURCEBERGEN COM 03073E105 413 7,400 SH   DFND 3 7,400 0 0
AMETEK INC COM 031100100 326 7,700 SH   DFND 3 7,700 0 0
AMGEN COM 031162100 2,259 22,900 SH   DFND 3 22,900 0 0
AMPHENOL CORP CL A 032095101 390 5,000 SH   DFND 3 5,000 0 0
ANADARKO PETE COM 032511107 1,341 15,600 SH   DFND 3 15,600 0 0
ANALOG DEVICES COM 032654105 442 9,800 SH   DFND 3 9,800 0 0
ANGLOGOLD ASHANTI LTD ADR 035128206 33 2,300 SH   DFND 3 2,300 0 0
ANNALY CAP MGMT COM 035710409 352 28,000 SH   DFND 3 28,000 0 0
ANSYS COM 03662Q105 168 2,300 SH   DFND 3 2,300 0 0
AON PLC CL A G0408V102 605 9,400 SH   DFND 3 9,400 0 0
APACHE COM 037411105 1,007 12,010 SH   DFND 3 12,010 0 0
APACHE COM 037411105 125 1,500 SH   DFND 4,1,2 1,500 0 0
APACHE COM 037411105 159 1,900 SH   OTR 3 0 1,900 0
APARTMENT INVT & MGMT CL A 03748R101 117 3,892 SH   DFND 3 3,892 0 0
APARTMENT INVT & MGMT CL A 03748R101 183,117 6,095,787 SH   OTR 3 0 6,095,787 0
APPLE COM 037833100 11,301 28,500 SH   DFND 3 28,500 0 0
APPLE COM 037833100 486 1,225 SH   OTR 3 0 1,225 0
APPLIED MATLS COM 038222105 761 51,000 SH   DFND 3 51,000 0 0
APPLIED MATLS COM 038222105 12,343 827,300 SH   OTR 3 0 827,300 0
ARCELORMITTAL SA LUXEMBOURG NOTE 5.000% 5/1 03938LAK0 3,374 3,300,000 PRN   DFND 2 3,374 0 0
ARCH CAP GROUP ORD G0450A105 247 4,800 SH   DFND 3 4,800 0 0
ARCHER DANIELS MIDLAND COM 039483102 692 20,400 SH   DFND 3 20,400 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 2,546 2,414,000 PRN   DFND 1,2 2,414,000 0 0
ARROW ELECTRS COM 042735100 143 3,600 SH   DFND 3 3,600 0 0
ASHFORD HOSPITALITY TR INC SHS 044103109 19 1,700 SH   DFND 3 1,700 0 0
ASHLAND INC COM 044209104 134 1,600 SH   DFND 3 1,600 0 0
ASSOCIATED ESTATES RLTY COM 045604105 21 1,300 SH   DFND 3 1,300 0 0
ASSURANT COM 04621X108 132 2,600 SH   DFND 3 2,600 0 0
AT&T COM 00206R102 6,110 172,595 SH   DFND 3 172,595 0 0
AT&T COM 00206R102 354 10,000 SH   OTR 3 0 10,000 0
AU OPTRONICS CORP ADR 002255107 13 3,800 SH   DFND 3 3,800 0 0
AUTODESK COM 052769106 251 7,400 SH   DFND 3 7,400 0 0
AUTOLIV COM 052800109 248 3,200 SH   DFND 3 3,200 0 0
AUTOMATIC DATA PROCESSING COM 053015103 1,005 14,600 SH   DFND 3 14,600 0 0
AUTOZONE COM 053332102 466 1,100 SH   DFND 3 1,100 0 0
AUXILIUM PHARMACEUTICALS INC NOTE 1.500% 7/1 05334DAA5 2,786 2,900,000 PRN   DFND 1,2 2,900,000 0 0
AVAGO TECHNOLOGIES SHS Y0486S104 314 8,400 SH   DFND 3 8,400 0 0
AVALONBAY CMNTYS COM 053484101 913 6,769 SH   DFND 3 6,769 0 0
AVALONBAY CMNTYS COM 053484101 164,817 1,221,684 SH   OTR 3 0 1,221,684 0
AVERY DENNISON COM 053611109 128 3,000 SH   DFND 3 3,000 0 0
AVNET COM 053807103 131 3,900 SH   DFND 3 3,900 0 0
AVON PRODS COM 054303102 820 39,000 SH   DFND 3 39,000 0 0
AXIS CAPITAL HOLDINGS SHS G0692U109 174 3,800 SH   DFND 3 3,800 0 0
B/E AEROSPACE COM 073302101 593 9,400 SH   DFND 3 9,400 0 0
BAKER HUGHES COM 057224107 641 13,904 SH   DFND 3 13,904 0 0
BALL COM 058498106 170 4,100 SH   DFND 3 4,100 0 0
BANCO DE CHILE ADR 059520106 90 1,030 SH   DFND 3 1,030 0 0
BANCO SANTANDER CHILE NEW SP ADR COM 05965X109 22 900 SH   DFND 3 900 0 0
BANK NEW YORK MELLON COM 064058100 5,870 209,271 SH   DFND 3 209,271 0 0
BANK OF AMERICA COM 060505104 4,222 328,314 SH   DFND 3 328,314 0 0
BANK OF AMERICA COM 060505104 219 17,000 SH   OTR 3 0 17,000 0
BARD C R COM 067383109 250 2,300 SH   DFND 3 2,300 0 0
BAXTER INTL COM 071813109 1,531 22,100 SH   DFND 3 22,100 0 0
BB&T COM 054937107 735 21,700 SH   DFND 3 21,700 0 0
BEAM COM 073730103 309 4,900 SH   DFND 3 4,900 0 0
BECTON DICKINSON & COM 075887109 870 8,800 SH   DFND 3 8,800 0 0
BED BATH & BEYOND COM 075896100 490 6,900 SH   DFND 3 6,900 0 0
BERKLEY W R COM 084423102 172 4,200 SH   DFND 3 4,200 0 0
BEST BUY COM 086516101 489 17,920 SH   DFND   17,920 0 0
BEST BUY COM 086516101 221 8,100 SH   DFND 3 8,100 0 0
BGC PARTNERS INC NOTE 4.500% 7/1 05541TAD3 1,461 1,447,000 PRN   DFND 1,2 1,447,000 0 0
BIOGEN IDEC COM 09062X103 1,534 7,130 SH   DFND 3 7,130 0 0
BIOMARIN PHARMACEUTICAL COM 09061G101 212 3,800 SH   DFND 3 3,800 0 0
BIOMED REALTY TRUST COM 09063H107 99 4,900 SH   DFND 3 4,900 0 0
BIOMED REALTY TRUST COM 09063H107 59,810 2,956,487 SH   OTR 3 0 2,956,487 0
BLACKROCK COM 09247X101 1,104 4,300 SH   DFND 3 4,300 0 0
BLACKROCK COM 09247X101 205 800 SH   OTR 3 0 800 0
BLOCK H & R COM 093671105 208 7,500 SH   DFND 3 7,500 0 0
BLOUNT INTL INC COM 095180105 224 19,000 SH   DFND 4,1,2 19,000 0 0
BMC SOFTWARE COM 055921100 176 3,900 SH   DFND 3 3,900 0 0
BOEING COM 097023105 2,243 21,900 SH   DFND 3 21,900 0 0
BOEING COM 097023105 3,022 29,500 SH   OTR 3 0 29,500 0
BORGWARNER COM 099724106 284 3,300 SH   DFND 3 3,300 0 0
BOSTON PROPERTIES COM 101121101 939 8,900 SH   DFND 3 8,900 0 0
BOSTON PROPERTIES COM 101121101 245,995 2,332,366 SH   OTR 3 0 2,332,366 0
BOSTON SCIENTIFIC COM 101137107 369 39,847 SH   DFND 3 39,847 0 0
BOTTOMLINE TECH DEL INC NOTE 1.500%12/0 101388AA4 3,114 2,925,000 PRN   DFND 1,2 2,925,000 0 0
BRE PROPERTIES CL A 05564E106 100 2,000 SH   DFND 3 2,000 0 0
BRE PROPERTIES CL A 05564E106 136,416 2,727,223 SH   OTR 3 0 2,727,223 0
BRF SA ADR 10552T107 59 2,700 SH   DFND 3 2,700 0 0
BRF SA ADR 10552T107 11,100 511,300 SH   DFND 3 511,300 0 0
BRISTOL MYERS SQUIBB COM 110122108 7,789 174,300 SH   DFND 3 174,300 0 0
BROADCOM CL A 111320107 542 16,050 SH   DFND 3 16,050 0 0
BUNGE COM G16962105 333 4,700 SH   DFND 3 4,700 0 0
C H ROBINSON WORLDWIDE COM NEW 12541W209 287 5,100 SH   DFND 3 5,100 0 0
CA COM 12673P105 306 10,705 SH   DFND 3 10,705 0 0
CABOT OIL & GAS COM 127097103 490 6,900 SH   DFND 3 6,900 0 0
CACI INTL INC NOTE 2.125% 5/0 127190AD8 6,574 5,498,000 PRN   DFND 4,1,2 5,498,000 0 0
CALPINE COM NEW 131347304 195 9,200 SH   DFND 3 9,200 0 0
CAMERON INTERNATIONAL COM 13342B105 483 7,900 SH   DFND 3 7,900 0 0
CAMPBELL SOUP COM 134429109 4,139 92,400 SH   DFND 3 92,400 0 0
CAMPUS CREST CMNTYS COM 13466Y105 18 1,600 SH   DFND 3 1,600 0 0
CAPITAL ONE FINL COM 14040H105 1,077 17,154 SH   DFND 3 17,154 0 0
CAPLEASE COM 140288101 20 2,400 SH   DFND 3 2,400 0 0
CARDINAL HEALTH COM 14149Y108 486 10,300 SH   DFND 3 10,300 0 0
CAREFUSION COM 14170T101 289 7,850 SH   DFND 3 7,850 0 0
CARMAX COM 143130102 319 6,900 SH   DFND 3 6,900 0 0
CARMAX COM 143130102 2,770 60,000 SH   OTR 3 0 60,000 0
CATERPILLAR INC COM 149123101 2,095 25,400 SH   DFND 3 25,400 0 0
CBL & ASSOC PPTYS COM 124830100 93 4,355 SH   DFND 3 4,355 0 0
CBRE GROUP CL A 12504L109 220 9,400 SH   DFND 3 9,400 0 0
CEDAR REALTY TRUST COM NEW 150602209 8 1,600 SH   DFND 3 1,600 0 0
CELGENE COM 151020104 1,521 13,000 SH   DFND 3 13,000 0 0
CENCOSUD S A SPONSORED ADS 15132H101 24 1,600 SH   DFND 3 1,600 0 0
CENTERPOINT ENERGY COM 15189T107 310 13,200 SH   DFND 3 13,200 0 0
CENTRAIS ELETRICAS BRASILEIR ADR 15234Q207 3 1,200 SH   DFND 3 1,200 0 0
CENTURYLINK COM 156700106 4,503 127,379 SH   DFND 3 127,379 0 0
CERNER COM 156782104 211 4,400 SH   DFND 3 4,400 0 0
CF INDS HLDGS COM 125269100 326 1,900 SH   DFND 3 1,900 0 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 9,050 6,000,000 PRN   DFND 4,1,2 6,000,000 0 0
CHATHAM LODGING COM 16208T102 9 500 SH   DFND 3 500 0 0
CHEMED CORP COM 16359R103 14 200 SH   DFND 1,2 200 0 0
CHESAPEAKE ENERGY COM 165167107 359 17,600 SH   DFND 3 17,600 0 0
CHEVRON CORP COM 166764100 17,895 151,218 SH   DFND 3 151,218 0 0
CHEVRON CORP COM 166764100 556 4,700 SH   OTR 3 0 4,700 0
CHINA MOBILE LIMITED ADR 16941M109 1,982 37,967 SH   DFND 2 37,967 0 0
CHINA MOBILE LIMITED ADR 16941M109 233 4,500 SH   DFND 3 4,500 0 0
CHINA PETE & CHEM CORP SPON ADR SHS 16941R108 123 1,748 SH   DFND 2 1,748 0 0
CHINA PETE & CHEM CORP SPON ADR SHS 16941R108 70 1,000 SH   DFND 3 1,000 0 0
CHINA TELECOM CORP LTD SPON ADR SHS 169426103 53 1,105 SH   DFND 2 1,105 0 0
CHINA TELECOM CORP LTD SPON ADR SHS 169426103 24 500 SH   DFND 3 500 0 0
CHINA UNICOM (HONG KONG) LTD ADR 16945R104 24 1,800 SH   DFND 3 1,800 0 0
CHIPOTLE MEXICAN GRILL COM 169656105 364 1,000 SH   DFND 3 1,000 0 0
CHUBB COM 171232101 686 8,100 SH   DFND 3 8,100 0 0
CHUBB COM 171232101 135 1,600 SH   OTR 3 0 1,600 0
CHURCH & DWIGHT COM 171340102 290 4,700 SH   DFND 3 4,700 0 0
CIENA COM NEW 171779309 266 13,740 SH   DFND 1,2 13,740 0 0
CIGNA COM 125509109 1,138 15,700 SH   DFND 3 15,700 0 0
CIMAREX ENERGY COM 171798101 188 2,900 SH   DFND 3 2,900 0 0
CIMAREX ENERGY COM 171798101 5,914 91,000 SH   OTR 3 0 91,000 0
CINCINNATI FINL COM 172062101 212 4,615 SH   DFND 3 4,615 0 0
CINTAS COM 172908105 146 3,200 SH   DFND 3 3,200 0 0
CISCO SYS COM 17275R102 3,998 164,300 SH   DFND 3 164,300 0 0
CISCO SYS COM 17275R102 438 18,000 SH   OTR 3 0 18,000 0
CIT GROUP COM NEW 125581801 280 6,000 SH   DFND 3 6,000 0 0
CITIGROUP COM NEW 172967424 4,572 95,303 SH   DFND 3 95,303 0 0
CITIGROUP COM NEW 172967424 149 3,100 SH   OTR 3 0 3,100 0
CITRIX SYS COM 177376100 338 5,600 SH   DFND 3 5,600 0 0
CLOROX CO COM 189054109 333 4,000 SH   DFND 3 4,000 0 0
CME GROUP COM 12572Q105 752 9,900 SH   DFND 3 9,900 0 0
CMS ENERGY COM 125896100 193 7,100 SH   DFND 3 7,100 0 0
CNOOC LTD ADR 126132109 964 5,682 SH   DFND 2 5,682 0 0
CNOOC LTD ADR 126132109 151 900 SH   DFND 3 900 0 0
COACH COM 189754104 554 9,700 SH   DFND 3 9,700 0 0
COACH COM 189754104 177 3,100 SH   OTR 3 0 3,100 0
COBALT INTL ENERGY COM 19075F106 210 7,900 SH   DFND 3 7,900 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 2,643 2,500,000 PRN   DFND 4,1,2 2,500,000 0 0
COCA COLA COM 191216100 5,611 139,900 SH   DFND 3 139,900 0 0
COCA COLA ENTERPRISES INC COM 19122T109 383 10,900 SH   DFND 3 10,900 0 0
COGNIZANT TECHNOLOGY CL A 192446102 601 9,600 SH   DFND 3 9,600 0 0
COLGATE PALMOLIVE COM 194162103 1,621 28,300 SH   DFND 3 28,300 0 0
COMCAST CORP CL A 20030N101 8,879 212,670 SH   DFND 3 212,670 0 0
COMERICA COM 200340107 251 6,300 SH   DFND 3 6,300 0 0
COMMONWEALTH REIT 6.50% PFD CUM CO 203233408 38,703 1,679,073 SH   OTR 3 0 1,679,073 0
COMMONWEALTH REIT CV PFD-E 7.25% 203233606 40,035 1,595,000 SH   OTR 3 0 1,595,000 0
COMPANHIA BRASILEIRA DE DIST SPN ADR CL A 20440T201 23 500 SH   DFND 3 500 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR CL A 20440T201 3,322 73,078 SH   DFND 3 73,078 0 0
COMPANHIA DE BEBIDAS DAS AME ADR 20441W104 22 600 SH   DFND 3 600 0 0
COMPANHIA DE SANEAMENTO BASI ADR 20441A102 16 1,500 SH   DFND 3 1,500 0 0
COMPANHIA DE SANEAMENTO BASI ADR 20441A102 9,856 946,800 SH   DFND 3 946,800 0 0
COMPANHIA SIDERURGICA NACION ADR 20440W105 9 3,200 SH   DFND 3 3,200 0 0
COMPANHIA SIDERURGICA NACION ADR 20440W105 525 189,500 SH   DFND 3 189,500 0 0
COMPANIA CERVECERIAS UNIDAS ADR 204429104 6 200 SH   DFND 3 200 0 0
COMPANIA CERVECERIAS UNIDAS ADR 204429104 57 2,000 SH   DFND 3 2,000 0 0
COMPANIA DE MINAS BUENAVENTU ADR 204448104 12 800 SH   DFND 3 800 0 0
COMPUTER SCIENCES COM 205363104 201 4,600 SH   DFND 3 4,600 0 0
CONAGRA FOODS COM 205887102 444 12,700 SH   DFND 3 12,700 0 0
CONCHO RES COM 20605P101 243 2,900 SH   DFND 3 2,900 0 0
CONOCOPHILLIPS COM 20825C104 2,075 34,300 SH   DFND 3 34,300 0 0
CONSOL ENERGY COM 20854P109 192 7,100 SH   DFND 3 7,100 0 0
CONSOLIDATED EDISON COM 209115104 519 8,900 SH   DFND 3 8,900 0 0
CONSTELLATION BRANDS CL A 21036P108 276 5,300 SH   DFND 3 5,300 0 0
CONTINENTAL RESOURCES COM 212015101 103 1,200 SH   DFND 3 1,200 0 0
CORE LABORATORIES N COM N22717107 182 1,200 SH   DFND 3 1,200 0 0
CORESITE RLTY COM 21870Q105 16 500 SH   DFND 3 500 0 0
CORNERSTONE ONDEMAND COM 21925Y103 1,075 24,833 SH   DFND 1,2 24,833 0 0
CORNING COM 219350105 622 43,700 SH   DFND 3 43,700 0 0
CORNING COM 219350105 171 12,000 SH   OTR 3 0 12,000 0
CORPBANCA ADR 21987A209 9 500 SH   DFND 3 500 0 0
CORRECTIONS CORP AMER COM NEW 22025Y407 103 3,035 SH   DFND 3 3,035 0 0
COSAN SHS A G25343107 501 31,000 SH   DFND 3 31,000 0 0
COSTCO WHSL CORP COM 22160K105 1,581 14,300 SH   DFND 3 14,300 0 0
COUSINS PPTYS COM 222795106 30 2,963 SH   DFND 3 2,963 0 0
COUSINS PPTYS COM 222795106 936 92,714 SH   OTR 3 0 92,714 0
COVANTA HLDG COM 22282E102 240 12,000 SH   DFND 3 12,000 0 0
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 16,120 12,477,000 PRN   DFND 4,1,2 12,477,000 0 0
COVIDIEN SHS G2554F113 5,043 88,225 SH   DFND 3 88,225 0 0
COVIDIEN SHS G2554F113 166 2,900 SH   OTR 3 0 2,900 0
CPFL ENERGIA S A ADR 126153105 9 500 SH   DFND 3 500 0 0
CPFL ENERGIA S A ADR 126153105 836 45,700 SH   DFND 3 45,700 0 0
CREE COM 225447101 906 14,200 SH   DFND 3 14,200 0 0
CROWN CASTLE INTL COM 228227104 652 9,000 SH   DFND 3 9,000 0 0
CROWN HOLDINGS COM 228368106 185 4,500 SH   DFND 3 4,500 0 0
CSX COM 126408103 881 38,000 SH   DFND 3 38,000 0 0
CUBESMART COM 229663109 51 3,200 SH   DFND 3 3,200 0 0
CUBESMART COM 229663109 76,953 4,815,578 SH   OTR 3 0 4,815,578 0
CUMMINS COM 231021106 6,063 55,900 SH   DFND 3 55,900 0 0
CVS CAREMARK COM 126650100 2,234 39,074 SH   DFND 3 39,074 0 0
CVS CAREMARK COM 126650100 395 6,900 SH   OTR 3 0 6,900 0
D R HORTON COM 23331A109 6,211 291,866 SH   DFND 3 291,866 0 0
D R HORTON INC NOTE 2.000% 5/1 23331ABB4 16,644 10,000,000 PRN   DFND 4,1,2 10,000,000 0 0
DANAHER CORP COM 235851102 1,760 27,800 SH   DFND 3 27,800 0 0
DARDEN RESTAURANTS COM 237194105 207 4,100 SH   DFND 3 4,100 0 0
DAVITA HEALTHCARE PARTNERS COM 23918K108 314 2,600 SH   DFND 3 2,600 0 0
DCT INDUSTRIAL TRUST COM 233153105 54 7,600 SH   DFND 3 7,600 0 0
DCT INDUSTRIAL TRUST COM 233153105 10,412 1,456,230 SH   OTR 3 0 1,456,230 0
DDR COM 23317H102 109 6,558 SH   DFND 3 6,558 0 0
DDR COM 23317H102 231,385 13,896,971 SH   OTR 3 0 13,896,971 0
DEERE & COM 244199105 886 10,900 SH   DFND 3 10,900 0 0
DEERE & COM 244199105 171 2,100 SH   OTR 3 0 2,100 0
DELL COM 24702R101 617 46,300 SH   DFND 3 46,300 0 0
DELPHI AUTOMOTIVE SHS G27823106 456 9,000 SH   DFND 3 9,000 0 0
DELPHI AUTOMOTIVE SHS G27823106 4,537 89,500 SH   OTR 3 0 89,500 0
DENBURY RES COM NEW 247916208 229 13,200 SH   DFND 3 13,200 0 0
DENTSPLY INTL INC COM 249030107 201 4,900 SH   DFND 3 4,900 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 12,859 11,000,000 PRN   DFND 4,1,2 11,000,000 0 0
DEVON ENERGY CORP COM 25179M103 628 12,100 SH   DFND 3 12,100 0 0
DEVON ENERGY CORP COM 25179M103 9,131 176,000 SH   OTR 3 0 176,000 0
DIAMOND OFFSHORE DRILLING COM 25271C102 186 2,700 SH   DFND 3 2,700 0 0
DIAMONDROCK HOSPITALITY COM 252784301 50 5,342 SH   DFND 3 5,342 0 0
DIAMONDROCK HOSPITALITY COM 252784301 101,014 10,838,379 SH   OTR 3 0 10,838,379 0
DICKS SPORTING GOODS COM 253393102 115 2,300 SH   DFND 3 2,300 0 0
DIGITAL RLTY TR COM 253868103 433 7,100 SH   DFND 3 7,100 0 0
DIGITAL RLTY TR COM 253868103 150,149 2,461,459 SH   OTR 3 0 2,461,459 0
DIRECTV COM 25490A309 1,059 17,183 SH   DFND 3 17,183 0 0
DISCOVER FINL COM 254709108 796 16,700 SH   DFND 3 16,700 0 0
DISH NETWORK CL A 25470M109 281 6,600 SH   DFND 3 6,600 0 0
DOLLAR GEN CORP COM 256677105 459 9,100 SH   DFND 3 9,100 0 0
DOLLAR TREE COM 256746108 371 7,300 SH   DFND 3 7,300 0 0
DOMINION RES INC VA COM 25746U109 1,006 17,700 SH   DFND 3 17,700 0 0
DOUGLAS EMMETT COM 25960P109 87 3,500 SH   DFND 3 3,500 0 0
DOUGLAS EMMETT COM 25960P109 100,414 4,024,609 SH   OTR 3 0 4,024,609 0
DOVER COM 260003108 412 5,300 SH   DFND 3 5,300 0 0
DOW CHEM COM 260543103 1,303 40,500 SH   DFND 3 40,500 0 0
DOW CHEM COM 260543103 129 4,000 SH   OTR 3 0 4,000 0
DR PEPPER SNAPPLE GROUP COM 26138E109 277 6,024 SH   DFND 3 6,024 0 0
DR REDDYS LABS ADR 256135203 83 2,200 SH   DFND 3 2,200 0 0
DRESSER-RAND GROUP COM 261608103 2,699 45,000 SH   OTR 3 0 45,000 0
DTE ENERGY COM 233331107 395 5,900 SH   DFND 3 5,900 0 0
DU PONT E I DE NEMOURS & COM 263534109 1,953 37,200 SH   DFND 3 37,200 0 0
DUKE ENERGY CORP COM NEW 26441C204 1,429 21,166 SH   DFND 3 21,166 0 0
DUKE REALTY COM NEW 264411505 259 16,600 SH   DFND 3 16,600 0 0
DUKE REALTY COM NEW 264411505 157,660 10,112,894 SH   OTR 3 0 10,112,894 0
DUN & BRADSTREET CORP DEL COM 26483E100 146 1,500 SH   DFND 3 1,500 0 0
DUPONT FABROS TECHNOLOGY COM 26613Q106 41 1,700 SH   DFND 3 1,700 0 0
E M C CORP COM 268648102 1,554 65,800 SH   DFND 3 65,800 0 0
E M C CORP MASS NOTE 1.750%12/0 268648AM4 10,226 6,923,000 PRN   DFND 4,1,2 6,923,000 0 0
EASTGROUP PPTY COM 277276101 45 800 SH   DFND 3 800 0 0
EASTMAN CHEM COM 277432100 1,008 14,400 SH   DFND 3 14,400 0 0
EATON CORP SHS G29183103 1,175 17,848 SH   DFND 3 17,848 0 0
EBAY COM 278642103 1,857 35,900 SH   DFND 3 35,900 0 0
ECOLAB COM 278865100 690 8,100 SH   DFND 3 8,100 0 0
EDISON COM 281020107 462 9,600 SH   DFND 3 9,600 0 0
EDUCATION RLTY TR COM 28140H104 32 3,100 SH   DFND 3 3,100 0 0
EDWARDS LIFESCIENCES COM 28176E108 235 3,500 SH   DFND 3 3,500 0 0
ELECTRONIC ARTS COM 285512109 193 8,400 SH   DFND 3 8,400 0 0
EMBOTELLADORA ANDINA S A SPON ADR B 29081P303 7 200 SH   DFND 3 200 0 0
EMBRAER S A SP ADR REP COM 29082A107 44 1,200 SH   DFND 3 1,200 0 0
EMBRAER S A SP ADR REP COM 29082A107 5,611 152,100 SH   DFND 3 152,100 0 0
EMERSON ELEC COM 291011104 1,554 28,500 SH   DFND 3 28,500 0 0
EMPRESA NACIONAL DE ELCTRCID ADR 29244T101 22 500 SH   DFND 3 500 0 0
ENERGEN COM 29265N108 110 2,100 SH   DFND 3 2,100 0 0
ENERGIZER HLDGS COM 29266R108 191 1,900 SH   DFND 3 1,900 0 0
ENERNOC COM 292764107 186 14,000 SH   DFND 3 14,000 0 0
ENERSIS S A ADR 29274F104 28 1,700 SH   DFND 3 1,700 0 0
ENERSIS S A ADR 29274F104 87 5,300 SH   DFND 3 5,300 0 0
ENPRO INDS INC DBCV 3.938%10/1 29355XAB3 10,294 6,500,000 PRN   DFND 4,1,2 6,500,000 0 0
ENSCO PLC CLASS A G3157S106 442 7,600 SH   DFND 3 7,600 0 0
ENTERGY CORP COM 29364G103 362 5,200 SH   DFND 3 5,200 0 0
EOG RES COM 26875P101 1,080 8,200 SH   DFND 3 8,200 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307 64 2,000 SH   OTR 3 0 2,000 0
EQT COM 26884L109 373 4,700 SH   DFND 3 4,700 0 0
EQUIFAX COM 294429105 177 3,000 SH   DFND 3 3,000 0 0
EQUINIX COM NEW 29444U502 277 1,500 SH   DFND 3 1,500 0 0
EQUITY COM 294752100 38 1,700 SH   DFND 3 1,700 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 79 1,000 SH   DFND 3 1,000 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 13,445 171,081 SH   OTR 3 0 171,081 0
ESSEX PPTY TR COM 297178105 159 1,000 SH   DFND 3 1,000 0 0
ESSEX PPTY TR COM 297178105 173,162 1,089,618 SH   OTR 3 0 1,089,618 0
EVEREST RE GROUP COM G3223R108 205 1,600 SH   DFND 3 1,600 0 0
EXCEL TR COM 30068C109 17 1,300 SH   DFND 3 1,300 0 0
EXELON COM 30161N101 788 25,526 SH   DFND 3 25,526 0 0
EXPEDIA INC COM NEW 30212P303 185 3,075 SH   DFND 3 3,075 0 0
EXPEDITORS INTL WASH COM 302130109 228 6,000 SH   DFND 3 6,000 0 0
EXPRESS SCRIPTS HLDG COM 30219G108 1,528 24,745 SH   DFND 3 24,745 0 0
EXTRA SPACE STORAGE COM 30225T102 113 2,700 SH   DFND 3 2,700 0 0
EXTRA SPACE STORAGE COM 30225T102 2 95 SH   DFND 4,1,2 95 0 0
EXTRA SPACE STORAGE COM 30225T102 152,189 3,629,596 SH   OTR 3 0 3,629,596 0
EXXON MOBIL COM 30231G102 12,430 137,581 SH   DFND 3 137,581 0 0
EXXON MOBIL COM 30231G102 443 4,900 SH   OTR 3 0 4,900 0
F M C COM NEW 302491303 269 4,400 SH   DFND 3 4,400 0 0
F5 NETWORKS COM 315616102 172 2,500 SH   DFND 3 2,500 0 0
FACEBOOK CL A 30303M102 3,653 146,952 SH   DFND   146,952 0 0
FACEBOOK CL A 30303M102 1,189 47,800 SH   DFND 3 47,800 0 0
FAMILY DLR STORES COM 307000109 187 3,000 SH   DFND 3 3,000 0 0
FAMILY DLR STORES COM 307000109 3,988 64,000 SH   OTR 3 0 64,000 0
FASTENAL COM 311900104 930 20,300 SH   DFND 3 20,300 0 0
FEDEX COM 31428X106 1,498 15,200 SH   DFND 3 15,200 0 0
FEDEX COM 31428X106 10,213 103,600 SH   OTR 3 0 103,600 0
FELCOR LODGING TR COM 31430F101 18 3,100 SH   DFND 3 3,100 0 0
FIBRIA CELULOSE S A SP ADR COM 31573A109 12 1,100 SH   DFND 3 1,100 0 0
FIBRIA CELULOSE S A SP ADR COM 31573A109 3,095 279,100 SH   DFND 3 279,100 0 0
FIDELITY NATIONAL CL A 31620R105 160 6,738 SH   DFND 3 6,738 0 0
FIDELITY NATL INFORMATION COM 31620M106 357 8,329 SH   DFND 3 8,329 0 0
FIFTH THIRD COM 316773100 511 28,300 SH   DFND 3 28,300 0 0
FIRST INDUSTRIAL REALTY COM 32054K103 39 2,600 SH   DFND 3 2,600 0 0
FIRST INDUSTRIAL REALTY COM 32054K103 79,764 5,258,011 SH   OTR 3 0 5,258,011 0
FIRST POTOMAC RLTY COM 33610F109 20 1,500 SH   DFND 3 1,500 0 0
FIRST SOLAR COM 336433107 202 4,500 SH   DFND 3 4,500 0 0
FIRSTENERGY COM 337932107 479 12,835 SH   DFND 3 12,835 0 0
FISERV COM 337738108 385 4,400 SH   DFND 3 4,400 0 0
FLEXTRONICS INTL ORD Y2573F102 221 28,500 SH   DFND 3 28,500 0 0
FLIR SYS COM 302445101 162 6,000 SH   DFND 3 6,000 0 0
FLOWSERVE COM 34354P105 243 4,500 SH   DFND 3 4,500 0 0
FLUOR CORP COM 343412102 297 5,000 SH   DFND 3 5,000 0 0
FMC TECHNOLOGIES COM 30249U101 434 7,800 SH   DFND 3 7,800 0 0
FORD MTR CO DEL NOTE 4.250%12/1 345370CF5 10,005 5,650,000 PRN   DFND 4,1,2 5,650,000 0 0
FOREST LABS COM 345838106 299 7,300 SH   DFND 3 7,300 0 0
FOSSIL GROUP COM 34988V106 176 1,700 SH   DFND 3 1,700 0 0
FRANKLIN RES COM 354613101 571 4,200 SH   DFND 3 4,200 0 0
FRANKLIN RES COM 354613101 4,353 32,000 SH   OTR 3 0 32,000 0
FRANKLIN STREET PPTYS COM 35471R106 28 2,100 SH   DFND 3 2,100 0 0
FREEPORT-MCMORAN COPPER & COM 35671D857 853 30,908 SH   DFND 3 30,908 0 0
FRONTIER COMMUNICATIONS COM 35906A108 137 33,763 SH   DFND 3 33,763 0 0
FUSION-IO COM 36112J107 14 1,000 SH   DFND 3 1,000 0 0
GAFISA S A ADR 362607301 1,386 552,000 SH   DFND 3 552,000 0 0
GAMESTOP CORP CL A 36467W109 126 3,000 SH   DFND 3 3,000 0 0
GAP INC COM 364760108 405 9,700 SH   DFND 3 9,700 0 0
GARMIN SHS H2906T109 123 3,400 SH   DFND 3 3,400 0 0
GENERAL DYNAMICS COM 369550108 744 9,500 SH   DFND 3 9,500 0 0
GENERAL DYNAMICS COM 369550108 227 2,900 SH   OTR 3 0 2,900 0
GENERAL ELECTRIC COM 369604103 17,056 735,500 SH   DFND 3 735,500 0 0
GENERAL ELECTRIC COM 369604103 443 19,100 SH   OTR 3 0 19,100 0
GENERAL GROWTH PPTYS INC COM 370023103 540 27,178 SH   DFND 3 27,178 0 0
GENERAL GROWTH PPTYS INC COM 370023103 338,989 17,060,333 SH   OTR 3 0 17,060,333 0
GENERAL MLS COM 370334104 927 19,100 SH   DFND 3 19,100 0 0
GENERAL MTRS COM 37045V100 753 22,600 SH   DFND 3 22,600 0 0
GENERAL MTRS COM 37045V100 15,766 473,300 SH   OTR 3 0 473,300 0
GENUINE PARTS COM 372460105 383 4,900 SH   DFND 3 4,900 0 0
GEO GROUP COM 36159R103 65 1,900 SH   DFND 3 1,900 0 0
GETTY RLTY CORP COM 374297109 14 700 SH   DFND 3 700 0 0
GIANT INTERACTIVE GROUP ADR 374511103 88 11,000 SH   DFND 3 11,000 0 0
GILEAD SCIENCES COM 375558103 225 4,400 SH   DFND 1,2 4,400 0 0
GILEAD SCIENCES COM 375558103 2,405 46,900 SH   DFND 3 46,900 0 0
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 16,998 7,500,000 PRN   DFND 4,1,2 7,500,000 0 0
GLADSTONE COML COM 376536108 6 300 SH   DFND 3 300 0 0
GNC HLDGS INC CL A 36191G107 97 2,200 SH   DFND 3 2,200 0 0
GOLD FIELDS LTD NEW ADR 38059T106 23 4,400 SH   DFND 3 4,400 0 0
GOLDCORP INC COM 380956409 866 35,000 SH   DFND 3 35,000 0 0
GOLDEN STAR RES LTD COM 38119T104 84 200,000 SH   DFND 3 200,000 0 0
GOLDMAN SACHS GROUP COM 38141G104 6,337 41,900 SH   DFND 3 41,900 0 0
GOLDMAN SACHS GROUP COM 38141G104 166 1,100 SH   OTR 3 0 1,100 0
GOOGLE CL A 38259P508 8,592 9,760 SH   DFND 3 9,760 0 0
GRAINGER W W COM 384802104 479 1,900 SH   DFND 3 1,900 0 0
GREEN MTN COFFEE ROASTERS COM 393122106 278 3,700 SH   DFND 3 3,700 0 0
GRUPO AEROPORTUARIO CTR NORT ADR 400501102 183 7,000 SH   DFND 3 7,000 0 0
GRUPO TELEVISA SA SPON ADR ORD 40049J206 107 4,300 SH   DFND 3 4,300 0 0
GRUPO TELEVISA SA SPON ADR ORD 40049J206 156 6,300 SH   DFND 3 6,300 0 0
GSI GROUP INC CDA COM NEW 36191C205 6,120 761,317 SH   DFND   761,317 0 0
HALLIBURTON COM 406216101 1,181 28,300 SH   DFND 3 28,300 0 0
HANESBRANDS COM 410345102 144 2,800 SH   OTR 3 0 2,800 0
HARLEY DAVIDSON COM 412822108 389 7,100 SH   DFND 3 7,100 0 0
HARMONY GOLD MNG LTD ADR 413216300 9 2,300 SH   DFND 3 2,300 0 0
HARRIS CORP COM 413875105 167 3,400 SH   DFND 3 3,400 0 0
HARTFORD FINL SVCS GROUP COM 416515104 433 14,000 SH   DFND 3 14,000 0 0
HARTFORD FINL SVCS GROUP COM 416515104 186 6,000 SH   OTR 3 0 6,000 0
HASBRO COM 418056107 175 3,900 SH   DFND 3 3,900 0 0
HAWAIIAN HOLDINGS INC NOTE 5.000% 3/1 419879AD3 2,724 2,500,000 PRN   DFND 4,1,2 2,500,000 0 0
HCA HOLDINGS COM 40412C101 285 7,900 SH   DFND 3 7,900 0 0
HCP COM 40414L109 1,186 26,100 SH   DFND 3 26,100 0 0
HCP COM 40414L109 356,243 7,839,861 SH   OTR 3 0 7,839,861 0
HDFC BANK LTD ADR REPS SHS 40415F101 326 9,000 SH   DFND 3 9,000 0 0
HEALTH CARE REIT COM 42217K106 1,106 16,500 SH   DFND 3 16,500 0 0
HEALTH CARE REIT COM 42217K106 363,149 5,417,714 SH   OTR 3 0 5,417,714 0
HEALTH NET COM 42222G108 6,459 203,000 SH   OTR 3 0 203,000 0
HEALTHCARE RLTY COM 421946104 61 2,400 SH   DFND 3 2,400 0 0
HEALTHCARE TR AMER CL A 42225P105 17 1,500 SH   DFND 3 1,500 0 0
HEALTHCARE TR AMER CL A 42225P105 1,466 130,543 SH   OTR 3 0 130,543 0
HELMERICH & PAYNE COM 423452101 194 3,100 SH   DFND 3 3,100 0 0
HERBALIFE LTD COM SHS G4412G101 135 3,000 SH   DFND 3 3,000 0 0
HERSHEY COM 427866108 446 5,000 SH   DFND 3 5,000 0 0
HERTZ GLOBAL HOLDINGS COM 42805T105 305 12,300 SH   DFND 3 12,300 0 0
HESS COM 42809H107 618 9,300 SH   DFND 3 9,300 0 0
HEWLETT PACKARD COM 428236103 8,405 338,900 SH   DFND 3 338,900 0 0
HEXCEL CORP COM 428291108 770 22,600 SH   DFND 3 22,600 0 0
HIGHWOODS PPTYS COM 431284108 78 2,200 SH   DFND 3 2,200 0 0
HIGHWOODS PPTYS COM 431284108 69,805 1,960,267 SH   OTR 3 0 1,960,267 0
HOLLYFRONTIER COM 436106108 270 6,300 SH   DFND 3 6,300 0 0
HOLOGIC COM 436440101 158 8,200 SH   DFND 3 8,200 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AG6 4,165 4,060,000 PRN   DFND 1,2 4,060,000 0 0
HOME DEPOT COM 437076102 3,502 45,200 SH   DFND 3 45,200 0 0
HOME PROPERTIES COM 437306103 92 1,400 SH   DFND 3 1,400 0 0
HOME PROPERTIES COM 437306103 117,946 1,804,279 SH   OTR 3 0 1,804,279 0
HONEYWELL INTL COM 438516106 2,761 34,800 SH   DFND 3 34,800 0 0
HORMEL FOODS COM 440452100 139 3,600 SH   DFND 3 3,600 0 0
HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 2,807 2,426,000 PRN   DFND 1,2 2,426,000 0 0
HOSPIRA COM 441060100 196 5,120 SH   DFND 3 5,120 0 0
HOST HOTELS & RESORTS COM 44107P104 702 41,608 SH   DFND 3 41,608 0 0
HOST HOTELS & RESORTS COM 44107P104 523,225 31,015,106 SH   OTR 3 0 31,015,106 0
HUANENG PWR INTL INC SPON ADR SHS 443304100 50 1,300 SH   DFND 3 1,300 0 0
HUDSON CITY COM 443683107 172 18,700 SH   DFND 3 18,700 0 0
HUDSON PAC PPTYS COM 444097109 26 1,200 SH   DFND 3 1,200 0 0
HUDSON PAC PPTYS COM 444097109 12,213 573,920 SH   OTR 3 0 573,920 0
HUMANA COM 444859102 439 5,200 SH   DFND 3 5,200 0 0
HUNT J B TRANS SVCS COM 445658107 202 2,800 SH   DFND 3 2,800 0 0
ICICI BK ADR 45104G104 279 7,300 SH   DFND 3 7,300 0 0
ICICI BK ADR 45104G104 7,956 208,000 SH   DFND 3 208,000 0 0
IHS CL A 451734107 146 1,400 SH   DFND 3 1,400 0 0
ILLINOIS TOOL WKS COM 452308109 899 13,000 SH   DFND 3 13,000 0 0
ILLINOIS TOOL WKS COM 452308109 4,600 66,500 SH   OTR 3 0 66,500 0
ILLUMINA COM 452327109 3 41 SH   DFND 1,2 41 0 0
ILLUMINA COM 452327109 269 3,600 SH   DFND 3 3,600 0 0
INFOSYS LTD ADR 456788108 82 2,000 SH   DFND 3 2,000 0 0
INFOSYS LTD ADR 456788108 1,524 37,000 SH   DFND 3 37,000 0 0
INGERSOLL-RAND SHS G47791101 502 9,044 SH   DFND 3 9,044 0 0
INLAND REAL ESTATE COM NEW 457461200 22 2,200 SH   DFND 3 2,200 0 0
INTEGRYS ENERGY GROUP COM 45822P105 129 2,200 SH   DFND 3 2,200 0 0
INTEL COM 458140100 3,671 151,500 SH   DFND 3 151,500 0 0
INTEL COM 458140100 13,632 562,600 SH   OTR 3 0 562,600 0
INTERCONTINENTALEXCHANGE COM 45865V100 391 2,200 SH   DFND 3 2,200 0 0
INTERNATIONAL COM 459506101 150 2,000 SH   DFND 3 2,000 0 0
INTERNATIONAL COM 459506101 1,255 16,700 SH   OTR 3 0 16,700 0
INTERNATIONAL BUSINESS COM 459200101 19,856 103,900 SH   DFND 3 103,900 0 0
INTERNATIONAL BUSINESS COM 459200101 363 1,900 SH   OTR 3 0 1,900 0
INTERNATIONAL GAME COM 459902102 145 8,700 SH   DFND 3 8,700 0 0
INTERPUBLIC GROUP COS COM 460690100 164 11,300 SH   DFND 3 11,300 0 0
INTERXION HOLDING SHS N47279109 65 2,500 SH   DFND 3 2,500 0 0
INTL PAPER COM 460146103 6,540 147,600 SH   DFND 3 147,600 0 0
INTUIT COM 461202103 543 8,900 SH   DFND 3 8,900 0 0
INTUITIVE SURGICAL COM NEW 46120E602 607 1,200 SH   DFND 3 1,200 0 0
INVESCO SHS G491BT108 437 13,750 SH   DFND 3 13,750 0 0
IRON MTN COM 462846106 130 4,877 SH   DFND 3 4,877 0 0
ISTAR FINL INC NOTE 3.000%11/1 45031UBR1 1,282 1,075,000 PRN   DFND 1,2 1,075,000 0 0
ITC HLDGS COM 465685105 520 5,700 SH   DFND 3 5,700 0 0
ITRON COM 465741106 420 9,900 SH   DFND 3 9,900 0 0
JACOBS ENGR GROUP INC COM 469814107 270 4,900 SH   DFND 3 4,900 0 0
JAKKS PAC COM 47012E106 11 750 SH   DFND 4,1,2 750 0 0
JAKKS PAC COM 47012E106 5 750 SH   DFND 4,1,2 750 0 0
JAKKS PAC INC NOTE 4.500%11/0 47012EAD8 2,421 2,410,000 PRN   DFND 4,1,2 2,410,000 0 0
JAMES RIVER COAL COM NEW 470355207 29 500 SH   DFND 4,1,2 500 0 0
JAMES RIVER COAL CO NOTE 3.125% 3/1 470355AH1 1,553 6,612,000 PRN   DFND 4,1,2 6,612,000 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 164 153,000 PRN   DFND 1,2 153,000 0 0
JETBLUE AIRWAYS COM 477143101 26 5,267 SH   DFND 4,1,2 5,267 0 0
JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AF8 12,813 9,113,000 PRN   DFND 4,1,2 9,113,000 0 0
JOHNSON & COM 478160104 7,530 87,700 SH   DFND 3 87,700 0 0
JOHNSON & COM 478160104 180 2,100 SH   OTR 3 0 2,100 0
JOHNSON CTLS COM 478366107 755 21,100 SH   DFND 3 21,100 0 0
JOY GLOBAL COM 481165108 150 3,100 SH   DFND 3 3,100 0 0
JOY GLOBAL COM 481165108 121 2,500 SH   DFND 4,1,2 2,500 0 0
JPMORGAN CHASE & COM 46625H100 20,441 387,220 SH   DFND 3 387,220 0 0
JPMORGAN CHASE & COM 46625H100 6,229 118,000 SH   OTR 3 0 118,000 0
JUNIPER NETWORKS COM 48203R104 292 15,100 SH   DFND 3 15,100 0 0
KANSAS CITY COM NEW 485170302 371 3,500 SH   DFND 3 3,500 0 0
KB FINANCIAL GROUP INC ADR 48241A105 196 6,600 SH   DFND 3 6,600 0 0
KBR COM 48242W106 150 4,600 SH   DFND 3 4,600 0 0
KELLOGG COM 487836108 520 8,100 SH   DFND 3 8,100 0 0
KEYCORP COM 493267108 337 30,500 SH   DFND 3 30,500 0 0
KILROY RLTY COM 49427F108 106 2,000 SH   DFND 3 2,000 0 0
KILROY RLTY COM 49427F108 196,898 3,714,365 SH   OTR 3 0 3,714,365 0
KIMBERLY CLARK COM 494368103 1,117 11,500 SH   DFND 3 11,500 0 0
KIMCO RLTY COM 49446R109 542 25,300 SH   DFND 3 25,300 0 0
KIMCO RLTY COM 49446R109 346,359 16,162,358 SH   OTR 3 0 16,162,358 0
KINDER MORGAN INC COM 49456B101 794 20,800 SH   DFND 3 20,800 0 0
KINDER MORGAN MANAGEMENT SHS 49455U100 234 2,803 SH   DFND 3 2,803 0 0
KITE RLTY GROUP COM 49803T102 13 2,100 SH   DFND 3 2,100 0 0
KLA-TENCOR COM 482480100 290 5,200 SH   DFND 3 5,200 0 0
KOHLS COM 500255104 318 6,300 SH   DFND 3 6,300 0 0
KOREA ELECTRIC PWR ADR 500631106 93 8,200 SH   DFND 3 8,200 0 0
KRAFT FOODS GROUP COM 50076Q106 995 17,803 SH   DFND 3 17,803 0 0
KROGER COM 501044101 532 15,400 SH   DFND 3 15,400 0 0
KT CORP ADR 48268K101 16 1,000 SH   DFND 3 1,000 0 0
L BRANDS COM 501797104 369 7,500 SH   DFND 3 7,500 0 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 10,187 10,000,000 PRN   DFND 4,1,2 10,000,000 0 0
L-3 COMMUNICATIONS HLDGS COM 502424104 283 3,300 SH   DFND 3 3,300 0 0
L-3 COMMUNICATIONS HLDGS COM 502424104 266 3,100 SH   OTR 3 0 3,100 0
LABORATORY CORP AMER COM NEW 50540R409 270 2,700 SH   DFND 3 2,700 0 0
LABORATORY CORP AMER COM NEW 50540R409 10,350 103,400 SH   OTR 3 0 103,400 0
LAM RESEARCH COM 512807108 239 5,400 SH   DFND 3 5,400 0 0
LAS VEGAS SANDS COM 517834107 667 12,600 SH   DFND 3 12,600 0 0
LATAM AIRLS GROUP S A ADR 51817R106 37 2,200 SH   DFND 3 2,200 0 0
LATAM AIRLS GROUP S A ADR 51817R106 147 8,700 SH   DFND 3 8,700 0 0
LAUDER ESTEE COS CL A 518439104 680 10,340 SH   DFND 3 10,340 0 0
LEGG MASON COM 524901105 129 4,150 SH   DFND 3 4,150 0 0
LEGGETT & PLATT COM 524660107 155 5,000 SH   DFND 3 5,000 0 0
LENNAR CL A 526057104 141 3,900 SH   DFND 3 3,900 0 0
LEUCADIA NATL COM 527288104 273 10,400 SH   DFND 3 10,400 0 0
LEVEL 3 COMMUNICATIONS COM NEW 52729N308 91 4,300 SH   DFND 3 4,300 0 0
LEXINGTON REALTY COM 529043101 58 4,946 SH   DFND 3 4,946 0 0
LIBERTY MEDIA CORP CL A 531229102 368 2,900 SH   DFND 3 2,900 0 0
LIFE TECHNOLOGIES COM 53217V109 389 5,263 SH   DFND 3 5,263 0 0
LILLY ELI & COM 532457108 1,533 31,200 SH   DFND 3 31,200 0 0
LINCOLN NATL CORP COM 534187109 301 8,249 SH   DFND 3 8,249 0 0
LINEAR TECHNOLOGY COM 535678106 262 7,100 SH   DFND 3 7,100 0 0
LINEAR TECHNOLOGY COM 535678106 341 1,000 SH   DFND 4,1,2 1,000 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 8,915 8,519,000 PRN   DFND 4,1,2 8,519,000 0 0
LINKEDIN CORP CL A 53578A108 481 2,700 SH   DFND 3 2,700 0 0
LIQUIDITY SERVICES COM 53635B107 42 1,200 SH   DFND 3 1,200 0 0
LIVE NATION ENTERTAINMENT COM 538034109 6,798 438,600 SH   OTR 3 0 438,600 0
LKQ COM 501889208 188 7,300 SH   DFND 3 7,300 0 0
LOCKHEED MARTIN COM 539830109 933 8,600 SH   DFND 3 8,600 0 0
LOEWS COM 540424108 435 9,800 SH   DFND 3 9,800 0 0
LORILLARD COM 544147101 515 11,800 SH   DFND 3 11,800 0 0
LOWES COS COM 548661107 13,980 341,800 SH   DFND 3 341,800 0 0
LSI COM 502161102 125 17,500 SH   DFND 3 17,500 0 0
LTC PPTYS COM 502175102 35 900 SH   DFND 3 900 0 0
LULULEMON ATHLETICA COM 550021109 197 3,000 SH   DFND 3 3,000 0 0
M & T BK COM 55261F104 5,085 45,500 SH   DFND 3 45,500 0 0
MACERICH COM 554382101 509 8,345 SH   DFND 3 8,345 0 0
MACERICH COM 554382101 210,781 3,457,126 SH   OTR 3 0 3,457,126 0
MACK CALI RLTY COM 554489104 54 2,200 SH   DFND 3 2,200 0 0
MACK CALI RLTY COM 554489104 113,614 4,639,193 SH   OTR 3 0 4,639,193 0
MACYS COM 55616P104 691 14,398 SH   DFND 3 14,398 0 0
MANPOWERGROUP COM 56418H100 241 4,400 SH   DFND 3 4,400 0 0
MANULIFE FINL COM 56501R106 245 14,600 SH   DFND   14,600 0 0
MARATHON OIL COM 565849106 743 21,500 SH   DFND 3 21,500 0 0
MARATHON PETE COM 56585A102 721 10,150 SH   DFND 3 10,150 0 0
MARATHON PETE COM 56585A102 128 1,800 SH   OTR 3 0 1,800 0
MARRIOTT INTL INC CL A 571903202 336 8,317 SH   DFND 3 8,317 0 0
MARSH & MCLENNAN COS COM 571748102 659 16,500 SH   DFND 3 16,500 0 0
MARTIN MARIETTA MATLS COM 573284106 128 1,300 SH   DFND 3 1,300 0 0
MARVELL TECHNOLOGY GROUP ORD G5876H105 226 19,300 SH   DFND 3 19,300 0 0
MASCO COM 574599106 335 17,200 SH   DFND   17,200 0 0
MASCO COM 574599106 228 11,700 SH   DFND 3 11,700 0 0
MASTEC COM 576323109 385 11,700 SH   DFND 3 11,700 0 0
MASTERCARD CL A 57636Q104 1,838 3,200 SH   DFND 3 3,200 0 0
MASTERCARD CL A 57636Q104 13,191 22,960 SH   OTR 3 0 22,960 0
MATTEL COM 577081102 480 10,600 SH   DFND 3 10,600 0 0
MAXIM INTEGRATED PRODS COM 57772K101 253 9,100 SH   DFND 3 9,100 0 0
MCDONALDS COM 580135101 3,010 30,400 SH   DFND 3 30,400 0 0
MCDONALDS COM 580135101 376 3,800 SH   OTR 3 0 3,800 0
MCGRAW HILL FINL COM 580645109 431 8,100 SH   DFND 3 8,100 0 0
MCKESSON COM 58155Q103 859 7,500 SH   DFND 3 7,500 0 0
MDU RES GROUP COM 552690109 205 7,900 SH   DFND 3 7,900 0 0
MEAD JOHNSON NUTRITION COM 582839106 499 6,300 SH   DFND 3 6,300 0 0
MEADWESTVACO COM 583334107 198 5,800 SH   DFND 3 5,800 0 0
MECHEL OAO ADR 583840103 8 2,700 SH   DFND 3 2,700 0 0
MEDICAL PPTYS TRUST COM 58463J304 57 4,000 SH   DFND 3 4,000 0 0
MEDTRONIC COM 585055106 1,606 31,200 SH   DFND 3 31,200 0 0
MERCK & CO INC COM 58933Y105 4,225 90,958 SH   DFND 3 90,958 0 0
MERCK & CO INC COM 58933Y105 353 7,600 SH   OTR 3 0 7,600 0
MERITAGE HOMES CORP NOTE 1.875% 9/1 59001AAR3 1,277 1,179,000 PRN   DFND 1,2 1,179,000 0 0
METLIFE COM 59156R108 1,286 28,100 SH   DFND 3 28,100 0 0
MGM RESORTS COM 552953101 173 11,700 SH   DFND 3 11,700 0 0
MICROCHIP TECHNOLOGY COM 595017104 589 15,800 SH   DFND 3 15,800 0 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 15,960 11,000,000 PRN   DFND 4,1,2 11,000,000 0 0
MICRON TECHNOLOGY COM 595112103 466 32,500 SH   DFND 3 32,500 0 0
MICRON TECHNOLOGY INC NOTE 1.500% 8/0 595112AQ6 4,372 2,850,000 PRN   DFND 4,1,2 2,850,000 0 0
MICROSOFT COM 594918104 8,374 242,400 SH   DFND 3 242,400 0 0
MICROSOFT COM 594918104 449 13,000 SH   OTR 3 0 13,000 0
MID-AMER APT CMNTYS COM 59522J103 81 1,200 SH   DFND 3 1,200 0 0
MOBILE TELESYSTEMS OJSC ADR 607409109 263 13,900 SH   DFND 3 13,900 0 0
MOBILE TELESYSTEMS OJSC ADR 607409109 2,519 133,000 SH   OTR 3 0 133,000 0
MOHAWK INDS COM 608190104 236 2,100 SH   DFND 3 2,100 0 0
MOLYCORP INC COM 608753109 821 132,500 SH   DFND 4,1,2 132,500 0 0
MOLYCORP INC DEL NOTE 6.000% 9/0 608753AF6 770 1,000,000 PRN   DFND 4,1,2 1,000,000 0 0
MONDELEZ INTL CL A 609207105 1,592 55,811 SH   DFND 3 55,811 0 0
MONMOUTH REAL ESTATE INVT CL A 609720107 11 1,100 SH   DFND 3 1,100 0 0
MONSANTO CO COM 61166W101 1,601 16,206 SH   DFND 3 16,206 0 0
MONSTER BEVERAGE COM 611740101 286 4,700 SH   DFND 3 4,700 0 0
MOODYS COM 615369105 390 6,400 SH   DFND 3 6,400 0 0
MORGAN COM NEW 617446448 1,102 45,100 SH   DFND 3 45,100 0 0
MOSAIC CO COM 61945C103 490 9,100 SH   DFND 3 9,100 0 0
MOTOROLA SOLUTIONS COM NEW 620076307 474 8,213 SH   DFND 3 8,213 0 0
MPG OFFICE TR COM 553274101 4 1,200 SH   DFND 3 1,200 0 0
MURPHY OIL COM 626717102 371 6,100 SH   DFND 3 6,100 0 0
MYLAN COM 628530107 369 11,900 SH   DFND 3 11,900 0 0
NABORS INDUSTRIES SHS G6359F103 173 11,300 SH   DFND 3 11,300 0 0
NASDAQ OMX GROUP COM 631103108 177 5,400 SH   DFND 3 5,400 0 0
NATIONAL HEALTH INVS COM 63633D104 42 700 SH   DFND 3 700 0 0
NATIONAL OILWELL VARCO COM 637071101 898 13,033 SH   DFND 3 13,033 0 0
NATIONAL OILWELL VARCO COM 637071101 11,892 172,600 SH   OTR 3 0 172,600 0
NATIONAL RETAIL PPTYS COM 637417106 110 3,200 SH   DFND 3 3,200 0 0
NATIONAL RETAIL PPTYS COM 637417106 113,206 3,290,882 SH   OTR 3 0 3,290,882 0
NATIONAL RETAIL PPTYS INC NOTE 5.125% 6/1 637417AC0 19,247 14,272,000 PRN   DFND 4,1,2 14,272,000 0 0
NETAPP COM 64110D104 423 11,200 SH   DFND 3 11,200 0 0
NETFLIX COM 64110L106 317 1,500 SH   DFND 3 1,500 0 0
NETFLIX COM 64110L106 51 50 SH   DFND 4,1,2 50 0 0
NEW YORK CMNTY BANCORP COM 649445103 181 12,900 SH   DFND 3 12,900 0 0
NEWELL RUBBERMAID COM 651229106 244 9,300 SH   DFND 3 9,300 0 0
NEWMONT MINING COM 651639106 1,462 48,800 SH   DFND 3 48,800 0 0
NEWMONT MINING COM 651639106 144 4,800 SH   OTR 3 0 4,800 0
NEWPARK RES INC NOTE 4.000%10/0 651718AC2 6,389 4,991,000 PRN   DFND 4,1,2 4,991,000 0 0
NEWS CL A 65248E104 716 46,950 SH   DFND 3 46,950 0 0
NEXTERA ENERGY COM 65339F101 1,027 12,600 SH   DFND 3 12,600 0 0
NEXTERA ENERGY COM 65339F101 269 3,300 SH   OTR 3 0 3,300 0
NIELSEN HOLDINGS N COM N63218106 185 5,500 SH   DFND 3 5,500 0 0
NISOURCE COM 65473P105 269 9,400 SH   DFND 3 9,400 0 0
NOBLE ENERGY COM 655044105 5,848 97,400 SH   DFND 3 97,400 0 0
NORDSTROM COM 655664100 324 5,400 SH   DFND 3 5,400 0 0
NORDSTROM COM 655664100 186 3,100 SH   OTR 3 0 3,100 0
NORFOLK SOUTHERN COM 655844108 705 9,700 SH   DFND 3 9,700 0 0
NORFOLK SOUTHERN COM 655844108 174 2,400 SH   OTR 3 0 2,400 0
NORTHEAST COM 664397106 453 10,780 SH   DFND 3 10,780 0 0
NORTHERN TR COM 665859104 423 7,300 SH   DFND 3 7,300 0 0
NORTHROP GRUMMAN COM 666807102 538 6,500 SH   DFND 3 6,500 0 0
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 8,015 5,693,000 PRN   DFND 1,2 5,693,000 0 0
NRG ENERGY COM NEW 629377508 310 11,600 SH   DFND 3 11,600 0 0
NUANCE COMMUNICATIONS COM 67020Y100 149 8,100 SH   DFND 3 8,100 0 0
NUCOR COM 670346105 464 10,700 SH   DFND 3 10,700 0 0
NVIDIA COM 67066G104 255 18,150 SH   DFND 3 18,150 0 0
NYSE COM 629491101 273 6,600 SH   DFND 3 6,600 0 0
O REILLY AUTOMOTIVE INC COM 67103H107 428 3,800 SH   DFND 3 3,800 0 0
OCCIDENTAL PETE CORP COM 674599105 2,177 24,400 SH   DFND 3 24,400 0 0
OCCIDENTAL PETE CORP COM 674599105 277 3,100 SH   OTR 3 0 3,100 0
OCEANEERING INTL COM 675232102 195 2,700 SH   DFND 3 2,700 0 0
OGE ENERGY COM 670837103 75 2,200 SH   DFND 3 2,200 0 0
OMEGA HEALTHCARE INVS COM 681936100 93 3,000 SH   DFND 3 3,000 0 0
OMNICARE COM 681904108 162 3,400 SH   DFND 3 3,400 0 0
OMNICARE INC NOTE 3.750%12/1 681904AN8 3,706 2,000,000 PRN   DFND 4,1,2 2,000,000 0 0
OMNICOM GROUP COM 681919106 528 8,400 SH   DFND 3 8,400 0 0
ON SEMICONDUCTOR COM 682189105 498 61,739 SH   DFND 1,2 61,739 0 0
ON SEMICONDUCTOR COM 682189105 259 32,000 SH   DFND 3 32,000 0 0
ONE LIBERTY PPTYS COM 682406103 7 300 SH   DFND 3 300 0 0
ONEOK INC COM 682680103 273 6,600 SH   DFND 3 6,600 0 0
ONYX PHARMACEUTICALS COM 683399109 139 1,600 SH   DFND 3 1,600 0 0
ORACLE COM 68389X105 3,583 116,683 SH   DFND 3 116,683 0 0
ORACLE COM 68389X105 18,561 604,400 SH   OTR 3 0 604,400 0
ORMAT TECHNOLOGIES COM 686688102 202 8,600 SH   DFND 3 8,600 0 0
OWENS CORNING COM 690742101 1,141 29,200 SH   DFND 3 29,200 0 0
OWENS CORNING COM 690742101 168 4,300 SH   OTR 3 0 4,300 0
OWENS ILL COM NEW 690768403 183 6,600 SH   DFND 3 6,600 0 0
P T TELEKOMUNIKASI INDONESIA ADR 715684106 38 900 SH   DFND 3 900 0 0
PACCAR COM 693718108 549 10,237 SH   DFND 3 10,237 0 0
PALL COM 696429307 239 3,600 SH   DFND 3 3,600 0 0
PARKER HANNIFIN COM 701094104 420 4,400 SH   DFND 3 4,400 0 0
PARKWAY PPTYS COM 70159Q104 18 1,100 SH   DFND 3 1,100 0 0
PARTNERRE COM G6852T105 163 1,800 SH   DFND 3 1,800 0 0
PATTERSON COMPANIES COM 703395103 120 3,200 SH   DFND 3 3,200 0 0
PAYCHEX COM 704326107 354 9,700 SH   DFND 3 9,700 0 0
PEABODY ENERGY COM 704549104 141 9,600 SH   DFND 3 9,600 0 0
PEBBLEBROOK HOTEL COM 70509V100 44 1,700 SH   DFND 3 1,700 0 0
PEBBLEBROOK HOTEL COM 70509V100 1,829 70,772 SH   OTR 3 0 70,772 0
PENN NATL GAMING COM 707569109 4,948 93,500 SH   OTR 3 0 93,500 0
PENNEY J C COM 708160106 94 5,500 SH   DFND 3 5,500 0 0
PENTAIR SHS H6169Q108 391 6,780 SH   DFND 3 6,780 0 0
PEOPLES UNITED FINANCIAL COM 712704105 222 14,900 SH   DFND 3 14,900 0 0
PEPCO HOLDINGS COM 713291102 129 6,400 SH   DFND 3 6,400 0 0
PEPSICO COM 713448108 3,818 46,685 SH   DFND 3 46,685 0 0
PEPSICO COM 713448108 286 3,500 SH   OTR 3 0 3,500 0
PERRIGO COM 714290103 339 2,800 SH   DFND 3 2,800 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 27 251 SH   DFND 2 251 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 122 1,100 SH   DFND 3 1,100 0 0
PETROLEO BRASILEIRO SA PETRO ADR 71654V408 58 4,300 SH   DFND 3 4,300 0 0
PETROLEO BRASILEIRO SA PETRO ADR 71654V408 8,301 619,000 SH   DFND 3 619,000 0 0
PETSMART COM 716768106 214 3,200 SH   DFND 3 3,200 0 0
PFIZER COM 717081103 18,734 668,821 SH   DFND 3 668,821 0 0
PFIZER COM 717081103 375 13,400 SH   OTR 3 0 13,400 0
PG&E COM 69331C108 631 13,800 SH   DFND 3 13,800 0 0
PHH CORP NOTE 4.000% 9/0 693320AN3 2,013 1,905,000 PRN   DFND 1,2 1,905,000 0 0
PHILIP MORRIS INTL COM 718172109 4,340 50,100 SH   DFND 3 50,100 0 0
PHILIP MORRIS INTL COM 718172109 442 5,100 SH   OTR 3 0 5,100 0
PHILIPPINE LONG DISTANCE TEL ADR 718252604 624 9,200 SH   DFND 3 9,200 0 0
PHILLIPS COM 718546104 4,633 78,650 SH   DFND 3 78,650 0 0
PIEDMONT OFFICE REALTY TR IN CL A 720190206 79 4,400 SH   DFND 3 4,400 0 0
PINNACLE WEST CAP COM 723484101 150 2,700 SH   DFND 3 2,700 0 0
PIONEER NAT RES COM 723787107 608 4,200 SH   DFND 3 4,200 0 0
PLUM CREEK TIMBER CO COM 729251108 238 5,100 SH   DFND 3 5,100 0 0
PNC FINL SVCS GROUP COM 693475105 1,166 15,996 SH   DFND 3 15,996 0 0
POLARIS INDS COM 731068102 162 1,700 SH   DFND 3 1,700 0 0
POLYPORE INTL COM 73179V103 210 5,200 SH   DFND 3 5,200 0 0
POSCO ADR 693483109 312 4,800 SH   DFND 3 4,800 0 0
POST PPTYS COM 737464107 74 1,500 SH   DFND 3 1,500 0 0
PPG INDS COM 693506107 644 4,400 SH   DFND 3 4,400 0 0
PPL COM 69351T106 551 18,200 SH   DFND 3 18,200 0 0
PRAXAIR COM 74005P104 1,036 9,000 SH   DFND 3 9,000 0 0
PRECISION CASTPARTS COM 740189105 994 4,400 SH   DFND 3 4,400 0 0
PRICE T ROWE GROUP COM 74144T108 630 8,600 SH   DFND 3 8,600 0 0
PRICELINE COM COM NEW 741503403 1,488 1,800 SH   DFND 3 1,800 0 0
PRINCIPAL FINL GROUP COM 74251V102 7,475 199,600 SH   DFND 3 199,600 0 0
PROASSURANCE COM 74267C106 136 2,600 SH   OTR 3 0 2,600 0
PROCTER & GAMBLE COM 742718109 6,432 83,537 SH   DFND 3 83,537 0 0
PROCTER & GAMBLE COM 742718109 269 3,500 SH   OTR 3 0 3,500 0
PROGRESSIVE CORP COM 743315103 452 17,800 SH   DFND 3 17,800 0 0
PROLOGIS COM 74340W103 2,142 56,800 SH   DFND 1,2 56,800 0 0
PROLOGIS COM 74340W103 1,078 28,584 SH   DFND 3 28,584 0 0
PROLOGIS COM 74340W103 1,225 32,500 SH   DFND 4,1,2 32,500 0 0
PROLOGIS COM 74340W103 654,975 17,364,125 SH   OTR 3 0 17,364,125 0
PROLOGIS NOTE 3.250% 3/1 743410AY8 2,856 2,497,000 PRN   DFND 4,1,2 2,497,000 0 0
PRUDENTIAL FINL COM 744320102 7,303 100,000 SH   DFND 3 100,000 0 0
PRUDENTIAL FINL COM 744320102 358 4,900 SH   OTR 3 0 4,900 0
PS BUSINESS PKS INC COM 69360J107 36 500 SH   DFND 3 500 0 0
PS BUSINESS PKS INC COM 69360J107 489 6,769 SH   OTR 3 0 6,769 0
PUBLIC COM 74460D109 1,288 8,400 SH   DFND 3 8,400 0 0
PUBLIC COM 74460D109 569,119 3,711,725 SH   OTR 3 0 3,711,725 0
PUBLIC SVC ENTERPRISE COM 744573106 529 16,200 SH   DFND 3 16,200 0 0
PULTE GROUP COM 745867101 156 8,200 SH   DFND 3 8,200 0 0
PVH COM 693656100 325 2,600 SH   DFND 3 2,600 0 0
QEP RES COM 74733V100 142 5,100 SH   DFND 3 5,100 0 0
QIAGEN NV SHS N72482107 145 7,308 SH   DFND 2 7,308 0 0
QUALCOMM COM 747525103 3,317 54,300 SH   DFND 3 54,300 0 0
QUALCOMM COM 747525103 275 4,500 SH   OTR 3 0 4,500 0
QUANTA SVCS COM 74762E102 609 23,000 SH   DFND 3 23,000 0 0
QUEST DIAGNOSTICS COM 74834L100 273 4,500 SH   DFND 3 4,500 0 0
QUEST DIAGNOSTICS COM 74834L100 139 2,300 SH   OTR 3 0 2,300 0
RACKSPACE HOSTING COM 750086100 125 3,300 SH   DFND 3 3,300 0 0
RALPH LAUREN CL A 751212101 313 1,800 SH   DFND 3 1,800 0 0
RANGE RES COM 75281A109 402 5,200 SH   DFND 3 5,200 0 0
RAYONIER COM 754907103 183 3,300 SH   DFND 3 3,300 0 0
RAYTHEON COM NEW 755111507 655 9,900 SH   DFND 3 9,900 0 0
REALTY INCOME COM 756109104 413 9,850 SH   DFND 3 9,850 0 0
REALTY INCOME COM 756109104 163,636 3,903,525 SH   OTR 3 0 3,903,525 0
RED HAT COM 756577102 273 5,700 SH   DFND 3 5,700 0 0
REGENCY CTRS COM 758849103 320 6,300 SH   DFND 3 6,300 0 0
REGENCY CTRS COM 758849103 260,282 5,122,659 SH   OTR 3 0 5,122,659 0
REGENERON COM 75886F107 495 2,200 SH   DFND 3 2,200 0 0
REGIONS FINL CORP COM 7591EP100 407 42,735 SH   DFND 3 42,735 0 0
RENAISSANCERE HOLDINGS COM G7496G103 139 1,600 SH   DFND 3 1,600 0 0
REPUBLIC SVCS COM 760759100 295 8,700 SH   DFND 3 8,700 0 0
REPUBLIC SVCS COM 760759100 187 5,500 SH   OTR 3 0 5,500 0
RESMED COM 761152107 162 3,600 SH   DFND 3 3,600 0 0
RETAIL OPPORTUNITY INVTS COM 76131N101 19 1,400 SH   DFND 3 1,400 0 0
RETAIL PPTYS AMER CL A 76131V202 11 800 SH   DFND 3 800 0 0
RETAIL PPTYS AMER CL A 76131V202 7,500 525,200 SH   OTR 3 0 525,200 0
REYNOLDS AMERICAN COM 761713106 498 10,300 SH   DFND 3 10,300 0 0
RLJ LODGING COM 74965L101 72 3,200 SH   DFND 3 3,200 0 0
RLJ LODGING COM 74965L101 116,087 5,161,715 SH   OTR 3 0 5,161,715 0
ROBERT HALF INTL COM 770323103 146 4,400 SH   DFND 3 4,400 0 0
ROCK-TENN CL A 772739207 230 2,300 SH   DFND 3 2,300 0 0
ROCKWELL AUTOMATION COM 773903109 374 4,500 SH   DFND 3 4,500 0 0
ROCKWELL COLLINS COM 774341101 304 4,800 SH   DFND 3 4,800 0 0
ROCKWOOD HLDGS COM 774415103 275 4,300 SH   DFND 3 4,300 0 0
ROPER INDS INC COM 776696106 385 3,100 SH   DFND 3 3,100 0 0
ROSS STORES COM 778296103 434 6,700 SH   DFND 3 6,700 0 0
ROSS STORES COM 778296103 97 1,500 SH   OTR 3 0 1,500 0
ROUSE PPTYS COM 779287101 14 707 SH   DFND 3 707 0 0
ROWAN COMPANIES PLC CL A G7665A101 174 5,100 SH   DFND 3 5,100 0 0
ROYAL CARIBBEAN CRUISES COM V7780T103 190 5,700 SH   DFND 3 5,700 0 0
RTI INTL METALS COM 74973W107 396 14,300 SH   DFND 3 14,300 0 0
RYMAN HOSPITALITY PPTYS COM 78377T107 55 1,400 SH   DFND 3 1,400 0 0
SABRA HEALTH CARE REIT COM 78573L106 26 1,000 SH   DFND 3 1,000 0 0
SAFEWAY COM NEW 786514208 168 7,100 SH   DFND 3 7,100 0 0
SAIC COM 78390X101 169 12,100 SH   DFND 3 12,100 0 0
SALESFORCE COM COM 79466L302 649 17,000 SH   DFND 3 17,000 0 0
SALIX PHARMACEUTICALS COM 795435106 26 400 SH   DFND 1,2 400 0 0
SANDISK COM 80004C101 446 7,300 SH   DFND 3 7,300 0 0
SASOL LTD ADR 803866300 82 1,900 SH   DFND 3 1,900 0 0
SAUL CTRS COM 804395101 13 300 SH   DFND 3 300 0 0
SBA COMMUNICATIONS COM 78388J106 852 11,500 SH   DFND 3 11,500 0 0
SCANA CORP COM 80589M102 152 3,100 SH   DFND 3 3,100 0 0
SCHEIN HENRY COM 806407102 258 2,700 SH   DFND 3 2,700 0 0
SCHLUMBERGER COM 806857108 2,918 40,717 SH   DFND 3 40,717 0 0
SCHLUMBERGER COM 806857108 186 2,600 SH   OTR 3 0 2,600 0
SCHWAB CHARLES CORP COM 808513105 711 33,500 SH   DFND 3 33,500 0 0
SCRIPPS NETWORKS INTERACT IN CL COM 811065101 180 2,700 SH   DFND 3 2,700 0 0
SEADRILL SHS G7945E105 191 4,700 SH   DFND 3 4,700 0 0
SEAGATE TECHNOLOGY SHS G7945M107 462 10,300 SH   DFND 3 10,300 0 0
SEALED AIR CORP COM 81211K100 132 5,500 SH   DFND 3 5,500 0 0
SEARS HLDGS COM 812350106 68 1,625 SH   DFND 3 1,625 0 0
SEI INVESTMENTS COM 784117103 117 4,100 SH   DFND 3 4,100 0 0
SEMPRA COM 816851109 6,345 77,600 SH   DFND 3 77,600 0 0
SHERWIN WILLIAMS COM 824348106 494 2,800 SH   DFND 3 2,800 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 237 7,300 SH   DFND 3 7,300 0 0
SIGMA ALDRICH COM 826552101 306 3,800 SH   DFND 3 3,800 0 0
SIMON PPTY GROUP INC COM 828806109 2,797 17,711 SH   DFND 3 17,711 0 0
SIMON PPTY GROUP INC COM 828806109 1,483,214 9,392,183 SH   OTR 3 0 9,392,183 0
SIRIUS XM RADIO COM 82967N108 346 103,200 SH   DFND 3 103,200 0 0
SK TELECOM LTD ADR 78440P108 0 3 SH   DFND 2 3 0 0
SK TELECOM LTD ADR 78440P108 26 1,300 SH   DFND 3 1,300 0 0
SL GREEN RLTY COM 78440X101 414 4,700 SH   DFND 3 4,700 0 0
SL GREEN RLTY COM 78440X101 270,663 3,069,094 SH   OTR 3 0 3,069,094 0
SLM COM 78442P106 320 14,000 SH   DFND 3 14,000 0 0
SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 3,956 3,000,000 PRN   DFND 1,2 3,000,000 0 0
SMUCKER J M COM NEW 832696405 361 3,500 SH   DFND 3 3,500 0 0
SNAP ON COM 833034101 11,762 131,600 SH   OTR 3 0 131,600 0
SOLAZYME COM 83415T101 427 36,400 SH   DFND 3 36,400 0 0
SOLAZYME COM 83415T101 468 40,000 SH   DFND 4,1,2 40,000 0 0
SOLAZYME COM 83415T101 120 1,250 SH   DFND 4,1,2 1,250 0 0
SOLAZYME COM 83415T101 122 500 SH   DFND 4,1,2 500 0 0
SOLAZYME COM 83415T101 57 2,000 SH   DFND 4,1,2 2,000 0 0
SOUTHERN COM 842587107 1,130 25,600 SH   DFND 3 25,600 0 0
SOUTHERN COPPER COM 84265V105 55 2,000 SH   DFND 3 2,000 0 0
SOUTHWEST AIRLS COM 844741108 77 6,000 SH   DFND 3 6,000 0 0
SOUTHWESTERN ENERGY COM 845467109 446 12,200 SH   DFND 3 12,200 0 0
SOVRAN SELF STORAGE COM 84610H108 52 800 SH   DFND 3 800 0 0
SOVRAN SELF STORAGE COM 84610H108 8,137 125,598 SH   OTR 3 0 125,598 0
SPECTRA ENERGY COM 847560109 724 20,996 SH   DFND 3 20,996 0 0
SPIRIT AIRLS COM 848577102 279 8,800 SH   DFND 3 8,800 0 0
SPX COM 784635104 108 1,500 SH   DFND 3 1,500 0 0
ST JUDE MED COM 790849103 406 8,900 SH   DFND 3 8,900 0 0
STAG INDL COM 85254J102 22 1,100 SH   DFND 3 1,100 0 0
STANDARD PAC CORP NEW NOTE 1.250% 8/0 85375CBC4 4,423 3,500,000 PRN   DFND 1,2 3,500,000 0 0
STANLEY BLACK & DECKER COM 854502101 350 4,524 SH   DFND 3 4,524 0 0
STAPLES COM 855030102 338 21,300 SH   DFND 3 21,300 0 0
STARBUCKS COM 855244109 1,481 22,600 SH   DFND 3 22,600 0 0
STARWOOD HOTELS&RESORTS COM 85590A401 392 6,200 SH   DFND 3 6,200 0 0
STARWOOD HOTELS&RESORTS COM 85590A401 4,581 72,500 SH   OTR 3 0 72,500 0
STATE STR COM 857477103 2,937 45,043 SH   DFND 3 45,043 0 0
STEEL DYNAMICS INC NOTE 5.125% 6/1 858119AP5 3,765 3,489,000 PRN   DFND 1,2 3,489,000 0 0
STERICYCLE COM 858912108 309 2,800 SH   DFND 3 2,800 0 0
STEWART ENTERPRISES INC NOTE 3.125% 7/1 860370AH8 5,529 4,480,000 PRN   DFND 4,1,2 4,480,000 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 43 4,800 SH   DFND 3 4,800 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 1,957 220,935 SH   OTR 3 0 220,935 0
STRYKER COM 863667101 608 9,400 SH   DFND 3 9,400 0 0
SUMMIT HOTEL COM 866082100 17 1,800 SH   DFND 3 1,800 0 0
SUMMIT HOTEL PPTYS PFD SER C 7.125% ADDED 866082407 63 2,600 SH   OTR 3 0 2,600 0
SUN CMNTYS COM 866674104 45 900 SH   DFND 3 900 0 0
SUN CMNTYS COM 866674104 1,145 23,017 SH   OTR 3 0 23,017 0
SUNSTONE HOTEL INVS INC COM 867892101 53 4,370 SH   DFND 3 4,370 0 0
SUNSTONE HOTEL INVS INC COM 867892101 16,222 1,342,900 SH   OTR 3 0 1,342,900 0
SUNTRUST BKS COM 867914103 507 16,048 SH   DFND 3 16,048 0 0
SUPERIOR ENERGY SVCS COM 868157108 109 4,200 SH   DFND 3 4,200 0 0
SYMANTEC COM 871503108 472 21,000 SH   DFND 3 21,000 0 0
SYNNEX COM 87162W100 14 354 SH   DFND 4,1,2 354 0 0
SYNOPSYS COM 871607107 175 4,900 SH   DFND 3 4,900 0 0
SYSCO COM 871829107 629 18,400 SH   DFND 3 18,400 0 0
T-MOBILE US COM 872590104 133 5,350 SH   DFND 3 5,350 0 0
TAIWAN SEMICONDUCTOR MFG LTD ADR 874039100 403 22,000 SH   DFND 3 22,000 0 0
TANGER FACTORY OUTLET CTRS COM 875465106 84 2,500 SH   DFND 3 2,500 0 0
TANGER FACTORY OUTLET CTRS COM 875465106 70,549 2,108,468 SH   OTR 3 0 2,108,468 0
TARGET COM 87612E106 1,274 18,500 SH   DFND 3 18,500 0 0
TATA MTRS LTD ADR 876568502 255 10,900 SH   DFND 3 10,900 0 0
TAUBMAN CTRS COM 876664103 128 1,700 SH   DFND 3 1,700 0 0
TAUBMAN CTRS COM 876664103 38,537 512,804 SH   OTR 3 0 512,804 0
TD AMERITRADE HLDG COM 87236Y108 175 7,200 SH   DFND 3 7,200 0 0
TE CONNECTIVITY LTD SHS H84989104 7,374 161,925 SH   DFND 3 161,925 0 0
TE CONNECTIVITY LTD SHS H84989104 10,916 239,700 SH   OTR 3 0 239,700 0
TELEFONICA BRASIL SA ADR 87936R106 141 6,200 SH   DFND 3 6,200 0 0
TELEFONICA BRASIL SA ADR 87936R106 4,807 210,635 SH   DFND 3 210,635 0 0
TENET HEALTHCARE COM NEW 88033G407 12,221 265,100 SH   OTR 3 0 265,100 0
TERADATA CORP COM 88076W103 261 5,200 SH   DFND 3 5,200 0 0
TERRENO RLTY COM 88146M101 9 500 SH   DFND 3 500 0 0
TESLA MTRS COM 88160R101 633 5,900 SH   DFND 3 5,900 0 0
TESORO COM 881609101 157 3,000 SH   DFND 3 3,000 0 0
TEXAS INSTRS COM 882508104 1,157 33,200 SH   DFND 3 33,200 0 0
TEXAS INSTRS COM 882508104 9,315 267,300 SH   OTR 3 0 267,300 0
TEXTRON COM 883203101 240 9,200 SH   DFND 3 9,200 0 0
THE ADT COM 00101J106 283 7,112 SH   DFND 3 7,112 0 0
THERAVANCE INC NOTE 2.125% 1/1 88338TAB0 2,306 1,500,000 PRN   DFND 1,2 1,500,000 0 0
THERMO FISHER SCIENTIFIC COM 883556102 939 11,100 SH   DFND 3 11,100 0 0
THERMO FISHER SCIENTIFIC COM 883556102 262 3,094 SH   OTR 3 0 3,094 0
THOMPSON CREEK METALS CO INC UNIT 99/99/9999 884768300 479 29,155 SH   DFND 4,1,2 29,155 0 0
TIFFANY & CO COM 886547108 291 4,000 SH   DFND 3 4,000 0 0
TIFFANY & CO COM 886547108 3,423 47,000 SH   OTR 3 0 47,000 0
TIM PARTICIPACOES S A ADR 88706P205 9 500 SH   DFND 3 500 0 0
TIM PARTICIPACOES S A ADR 88706P205 1,058 56,877 SH   DFND 3 56,877 0 0
TIME WARNER COM NEW 887317303 2,139 36,999 SH   DFND 3 36,999 0 0
TIME WARNER CABLE COM 88732J207 1,109 9,860 SH   DFND 3 9,860 0 0
TIME WARNER CABLE COM 88732J207 315 2,800 SH   OTR 3 0 2,800 0
TJX COS INC COM 872540109 5,762 115,100 SH   DFND 3 115,100 0 0
TOLL BROTHERS COM 889478103 554 17,000 SH   DFND   17,000 0 0
TOLL BROTHERS COM 889478103 206 6,300 SH   DFND 3 6,300 0 0
TORCHMARK COM 891027104 192 2,950 SH   DFND 3 2,950 0 0
TOTAL SYS SVCS COM 891906109 121 4,951 SH   DFND 3 4,951 0 0
TRACTOR SUPPLY COM 892356106 270 2,300 SH   DFND 3 2,300 0 0
TRANSDIGM GROUP COM 893641100 188 1,200 SH   DFND 3 1,200 0 0
TRAVELERS COMPANIES COM 89417E109 913 11,423 SH   DFND 3 11,423 0 0
TRIMBLE NAVIGATION COM 896239100 156 6,000 SH   DFND 3 6,000 0 0
TRIPADVISOR COM 896945201 146 2,400 SH   DFND 3 2,400 0 0
TRIUMPH GROUP INC COM 896818101 3,364 42,500 SH   OTR 3 0 42,500 0
TRW AUTOMOTIVE HLDGS COM 87264S106 226 3,400 SH   DFND 3 3,400 0 0
TUPPERWARE BRANDS COM 899896104 4,661 60,000 SH   DFND 3 60,000 0 0
TYCO INTERNATIONAL SHS H89128104 492 14,925 SH   DFND 3 14,925 0 0
TYSON FOODS CL A 902494103 216 8,400 SH   DFND 3 8,400 0 0
U M H PROPERTIES COM 903002103 4 400 SH   DFND 3 400 0 0
UDR COM 902653104 336 13,200 SH   DFND 3 13,200 0 0
UDR COM 902653104 291,242 11,425,719 SH   OTR 3 0 11,425,719 0
ULTA SALON COSMETCS & FRAG COM 90384S303 200 2,000 SH   DFND 3 2,000 0 0
ULTRA PETROLEUM COM 903914109 123 6,200 SH   DFND 3 6,200 0 0
ULTRAPAR PARTICIPACOES S A SP ADR COM 90400P101 22 900 SH   DFND 3 900 0 0
ULTRAPAR PARTICIPACOES S A SP ADR COM 90400P101 8,197 342,400 SH   DFND 3 342,400 0 0
UNDER ARMOUR CL A 904311107 119 2,000 SH   DFND 3 2,000 0 0
UNION PAC COM 907818108 10,553 68,400 SH   DFND 3 68,400 0 0
UNION PAC COM 907818108 7,868 51,000 SH   OTR 3 0 51,000 0
UNITED RENTALS COM 911363109 744 14,900 SH   DFND 3 14,900 0 0
UNITED TECHNOLOGIES COM 913017109 2,732 29,400 SH   DFND 3 29,400 0 0
UNITED THERAPEUTICS CORP DEL NOTE 1.000% 9/1 91307CAF9 71 49,000 PRN   DFND 1,2 49,000 0 0
UNITEDHEALTH GROUP COM 91324P102 7,080 108,126 SH   DFND 3 108,126 0 0
UNITEDHEALTH GROUP COM 91324P102 268 4,100 SH   OTR 3 0 4,100 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 13 300 SH   DFND 3 300 0 0
UNUM COM 91529Y106 258 8,800 SH   DFND 3 8,800 0 0
URBAN OUTFITTERS COM 917047102 161 4,000 SH   DFND 3 4,000 0 0
URSTADT BIDDLE PPTYS CL A 917286205 14 700 SH   DFND 3 700 0 0
US BANCORP COM NEW 902973304 8,734 241,600 SH   DFND 3 241,600 0 0
V F COM 918204108 502 2,600 SH   DFND 3 2,600 0 0
VALE S ADR 91912E105 76 5,800 SH   DFND 3 5,800 0 0
VALE S ADR 91912E105 19,843 1,509,000 SH   DFND 3 1,509,000 0 0
VALERO ENERGY CORP COM 91913Y100 573 16,492 SH   DFND 3 16,492 0 0
VARIAN MED SYS COM 92220P105 250 3,700 SH   DFND 3 3,700 0 0
VENTAS COM 92276F100 1,189 17,124 SH   DFND 3 17,124 0 0
VENTAS COM 92276F100 587,174 8,453,415 SH   OTR 3 0 8,453,415 0
VERISIGN COM 92343E102 228 5,100 SH   DFND 3 5,100 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 24,653 17,500,000 PRN   DFND 4,1,2 17,500,000 0 0
VERISK ANALYTICS CL A 92345Y106 263 4,400 SH   DFND 3 4,400 0 0
VERIZON COMMUNICATIONS COM 92343V104 4,505 89,500 SH   DFND 3 89,500 0 0
VERTEX PHARMACEUTICALS COM 92532F100 520 6,500 SH   DFND 3 6,500 0 0
VISA INC CL A 92826C839 9,265 50,700 SH   DFND 3 50,700 0 0
VISA INC CL A 92826C839 4,843 26,500 SH   OTR 3 0 26,500 0
VIVUS COM 928551100 377 30,000 SH   DFND 4,1,2 30,000 0 0
VIVUS COM 928551100 14 250 SH   DFND 4,1,2 250 0 0
VIVUS COM 928551100 29 500 SH   DFND 4,1,2 500 0 0
VIVUS COM 928551100 79 500 SH   DFND 4,1,2 500 0 0
VMWARE INC CL COM 928563402 382 5,700 SH   DFND 3 5,700 0 0
VOLCANO CORPORATION NOTE 1.750%12/0 928645AB6 922 1,000,000 PRN   DFND 1,2 1,000,000 0 0
VULCAN MATLS COM 929160109 189 3,900 SH   DFND 3 3,900 0 0
W P CAREY COM 92936U109 99 1,500 SH   DFND 3 1,500 0 0
WAL-MART STORES COM 931142103 3,739 50,200 SH   DFND 3 50,200 0 0
WAL-MART STORES COM 931142103 291 3,900 SH   OTR 3 0 3,900 0
WALGREEN COM 931422109 1,202 27,200 SH   DFND 3 27,200 0 0
WARNER CHILCOTT PLC SHS A G94368100 104 5,200 SH   DFND 3 5,200 0 0
WASTE MGMT INC COM 94106L109 553 13,700 SH   DFND 3 13,700 0 0
WATERS COM 941848103 300 3,000 SH   DFND 3 3,000 0 0
WEATHERFORD INTERNATIONAL LT SHS H27013103 307 22,400 SH   DFND 3 22,400 0 0
WELLPOINT COM 94973V107 998 12,200 SH   DFND 3 12,200 0 0
WELLS FARGO & CO COM 949746101 6,525 158,109 SH   DFND 3 158,109 0 0
WELLS FARGO & CO COM 949746101 7,070 171,300 SH   OTR 3 0 171,300 0
WESCO AIRCRAFT HLDGS COM 950814103 37 2,000 SH   DFND 3 2,000 0 0
WESCO INTL COM 95082P105 217 3,200 SH   DFND 3 3,200 0 0
WESTAR ENERGY COM 95709T100 214 6,700 SH   OTR 3 0 6,700 0
WESTERN DIGITAL COM 958102105 404 6,500 SH   DFND 3 6,500 0 0
WESTERN UN COM 959802109 295 17,246 SH   DFND 3 17,246 0 0
WEYERHAEUSER COM 962166104 509 17,858 SH   DFND 3 17,858 0 0
WHIRLPOOL COM 963320106 1,304 11,400 SH   DFND 3 11,400 0 0
WHITESTONE COM 966084204 8 500 SH   DFND 3 500 0 0
WHITING PETE CORP COM 966387102 152 3,300 SH   DFND 3 3,300 0 0
WHOLE FOODS MKT COM 966837106 556 10,800 SH   DFND 3 10,800 0 0
WILLIAMS COS INC COM 969457100 682 21,000 SH   DFND 3 21,000 0 0
WILLIS GROUP HOLDINGS SHS G96666105 200 4,900 SH   DFND 3 4,900 0 0
WINDSTREAM COM 97381W104 179 23,200 SH   DFND 3 23,200 0 0
WISCONSIN ENERGY COM 976657106 320 7,800 SH   DFND 3 7,800 0 0
WYNDHAM WORLDWIDE COM 98310W108 200 3,500 SH   DFND 3 3,500 0 0
WYNN RESORTS COM 983134107 333 2,600 SH   DFND 3 2,600 0 0
XCEL ENERGY COM 98389B100 655 23,100 SH   DFND 3 23,100 0 0
XEROX COM 984121103 333 36,753 SH   DFND 3 36,753 0 0
XILINX COM 983919101 325 8,200 SH   DFND 3 8,200 0 0
XILINX INC SDCV 3.125% 3/1 983919AD3 14,937 10,832,000 PRN   DFND 4,1,2 10,832,000 0 0
XL GROUP SHS G98290102 279 9,200 SH   DFND 3 9,200 0 0
XYLEM COM 98419M100 154 5,700 SH   DFND 3 5,700 0 0
YAHOO COM 984332106 787 31,300 SH   DFND 3 31,300 0 0
YAMANA GOLD COM 98462Y100 951 100,000 SH   DFND 3 100,000 0 0
YANZHOU COAL MNG CO LTD SPON ADR SHS 984846105 7 1,000 SH   DFND 3 1,000 0 0
YUM BRANDS COM 988498101 971 14,000 SH   DFND 3 14,000 0 0
ZIMMER HLDGS COM 98956P102 390 5,200 SH   DFND 3 5,200 0 0