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
ALPS ETF TR SPROTT GL MINE 00162Q643 977 76,740 SH   DFND 2 76,740 0 0
ABBVIE INC COM 00287Y109 329 5,546 SH   DFND 2 5,546 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 293 3,239 SH   DFND 2 3,239 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 565 2,964 SH   DFND 2 2,964 0 0
ALPHABET INC CAP STK CL C 02079K107 750 988 SH   DFND 2 988 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 200 4,835 SH   DFND 2 4,835 0 0
AMERICAN EXPRESS CO COM 025816109 223 3,201 SH   DFND 2 3,201 0 0
AMERICAN TOWER CORP NEW COM 03027X100 1,904 19,635 SH   DFND 2 19,635 0 0
AMGEN INC COM 031162100 1,087 6,699 SH   DFND 2 6,699 0 0
ANNALY CAP MGMT INC COM 035710409 356 37,913 SH   DFND 2 37,913 0 0
APARTMENT INVT %26 MGMT CO CL A 03748R101 304 7,590 SH   DFND 2 7,590 0 0
APPLE INC COM 037833100 611 5,800 SH   DFND 2 5,800 0 0
AVALONBAY CMNTYS INC COM 053484101 1,194 6,487 SH   DFND 2 6,487 0 0
BARCLAYS BK PLC ETN DJUBS IND MT 06738G407 245 12,802 SH   DFND 2 12,802 0 0
BARCLAYS BANK PLC ETN DJUBSCOTTN38 06739H271 657 15,630 SH   DFND 2 15,630 0 0
BARCLAYS BANK PLC ETN DJUBSCOCO 38 06739H313 431 10,432 SH   DFND 2 10,432 0 0
BARCLAYS BK PLC 30 YR TREAS BEAR 06740L444 491 22,753 SH   DFND 2 22,753 0 0
BARCLAYS BK PLC 10 YR TREAS BULL 06740L493 349 4,641 SH   DFND 2 4,641 0 0
BARCLAYS BK PLC 2 YR TREAS BEAR 06740L519 1,011 30,517 SH   DFND 2 30,517 0 0
BARCLAYS BK PLC 30 YR TREAS BULL 06740L527 534 7,216 SH   DFND 2 7,216 0 0
BARCLAYS BK PLC TRES 5YR BEAR 06740P643 429 13,428 SH   DFND 2 13,428 0 0
BARCLAYS BK PLC OFI STEELPATH 06742K618 329 19,370 SH   DFND 2 19,370 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 47,868 242 SH   DFND 2 242 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 314 2,994 SH   DFND 2 2,994 0 0
BIOGEN INC COM 09062X103 895 2,921 SH   DFND 2 2,921 0 0
BIOMED REALTY TRUST INC COM 09063H107 228 9,626 SH   DFND 2 9,626 0 0
BOEING CO COM 097023105 655 4,527 SH   DFND 2 4,527 0 0
BOSTON PROPERTIES INC COM 101121101 913 7,159 SH   DFND 2 7,159 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 367 5,335 SH   DFND 2 5,335 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 210 8,140 SH   DFND 2 8,140 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 455 6,893 SH   DFND 2 6,893 0 0
CBRE GROUP INC CL A 12504L109 489 14,155 SH   DFND 2 14,155 0 0
CAMDEN PPTY TR SH BEN INT 133131102 299 3,900 SH   DFND 2 3,900 0 0
CATERPILLAR INC DEL COM 149123101 309 4,544 SH   DFND 2 4,544 0 0
CELGENE CORP COM 151020104 1,149 9,595 SH   DFND 2 9,595 0 0
COCA COLA CO COM 191216100 275 6,390 SH   DFND 2 6,390 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 453 6,396 SH   DFND 2 6,396 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 24 24,323 SH   DFND 2 24,323 0 0
CREDIT SUISSE AG NASSAU BRH EXCH TRAD SPVXSP 22539T100 847 61,799 SH   DFND 2 61,799 0 0
CREDIT SUISSE NASSAU BRH VEL SH 3X LG NAT 22542D381 5,412 2,218,231 SH   DFND 2 2,218,231 0 0
CREDIT SUISSE NASSAU BRH NT LKD 32 22542D399 3,610 913,855 SH   DFND 2 913,855 0 0
CREDIT SUISSE NASSAU BRH VS 3XLNGNATGAS 22542D530 1,875 149,772 SH   DFND 2 149,772 0 0
CREDIT SUISSE NASSAU BRH 3X INVERS SILV 22542D654 1,395 19,472 SH   DFND 2 19,472 0 0
CREDIT SUISSE NASSAU BRH 3X INVERS GOLD 22542D670 1,284 13,539 SH   DFND 2 13,539 0 0
CREDIT SUISSE NASSAU BRH VIX MID TERM 22542D787 246 15,898 SH   DFND 2 15,898 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 8,847 342,910 SH   DFND 2 342,910 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX MDTERM 22542D829 5,362 129,791 SH   DFND 2 129,791 0 0
CREDIT SUISSE NASSAU BRH X LINK CUSH MLP 22542D852 1,700 91,335 SH   DFND 2 91,335 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 1,320 15,267 SH   DFND 2 15,267 0 0
CUBESMART COM 229663109 273 8,917 SH   DFND 2 8,917 0 0
CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 333 2,310 SH   DFND 2 2,310 0 0
CURRENCYSHARES AUSTRALIAN DL AUSTRALIAN DOL 23129U101 3,540 48,516 SH   DFND 2 48,516 0 0
CURRENCYSHARES SWISS FRANC T SWISS FRANC SH 23129V109 5,040 52,299 SH   DFND 2 52,299 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 3,884 48,173 SH   DFND 2 48,173 0 0
DDR CORP COM 23317H102 245 14,565 SH   DFND 2 14,565 0 0
DEUTSCHE BK AG LDN BRH DB GOLD SHORT 25154H731 11,330 662,562 SH   DFND 2 662,562 0 0
DEUTSCHE BK AG LDN BRH DB GOLD DBL LNG 25154H749 16,282 897,558 SH   DFND 2 897,558 0 0
DEUTSCHE BK AG LDN BRH GOLD DOUBLE SHOR 25154H756 7,076 797,765 SH   DFND 2 797,765 0 0
DEUTSCHE BK AG LONDON BRH DB CRUDE OIL DBL 25154K809 23,777 149,371 SH   DFND 2 149,371 0 0
DIGITAL RLTY TR INC COM 253868103 534 7,065 SH   DFND 2 7,065 0 0
DIREXION SHS ETF TR DLY TECH BULL 3X 25459W102 3,067 84,187 SH   DFND 2 84,187 0 0
DIREXION SHS ETF TR GLD MNRS BEAR 3X 25459W235 2,412 145,984 SH   DFND 2 145,984 0 0
DIREXION SHS ETF TR DLY SCOND 3XBU 25459W458 1,171 43,757 SH   DFND 2 43,757 0 0
DIREXION SHS ETF TR DLY MIDCAP ETF3X 25459W730 810 38,920 SH   DFND 2 38,920 0 0
DIREXION SHS ETF TR DLY R/E BULL3X 25459W755 952 12,595 SH   DFND 2 12,595 0 0
DIREXION SHS ETF TR DLY DEV MKT BULL 25459W789 962 19,270 SH   DFND 2 19,270 0 0
DIREXION SHS ETF TR DLY SMCAP BULL3X 25459W847 17,098 269,126 SH   DFND 2 269,126 0 0
DIREXION SHS ETF TR DLY ENRGY BULL3X 25459W888 3,910 166,883 SH   DFND 2 166,883 0 0
DIREXION SHS ETF TR 7-10YR TR BEAR 25459Y108 395 13,296 SH   DFND 2 13,296 0 0
DIREXION SHS ETF TR DLY S%26P500 2XS 25459Y165 1,227 37,110 SH   DFND 2 37,110 0 0
DIREXION SHS ETF TR SML CP BULL 2X 25459Y181 1,250 44,134 SH   DFND 2 44,134 0 0
DIREXION SHS ETF TR IBILLION INDEX 25459Y264 1,274 52,351 SH   DFND 2 52,351 0 0
DIREXION SHS ETF TR DLY JPN BULL 3X 25459Y413 1,063 23,389 SH   DFND 2 23,389 0 0
DIREXION SHS ETF TR DLY ENERBR3X NEW 25459Y454 936 31,929 SH   DFND 2 31,929 0 0
DIREXION SHS ETF TR DLY EMKT 3X NEW 25459Y470 2,165 46,084 SH   DFND 2 46,084 0 0
DIREXION SHS ETF TR DLY EMRGMKT BULL 25459Y686 493 42,852 SH   DFND 2 42,852 0 0
DIREXION SHS ETF TR TOTAL MKT BEAR 25459Y819 235 12,284 SH   DFND 2 12,284 0 0
DIREXION SHS ETF TR HEALTHCARE BUL 25459Y876 356 10,653 SH   DFND 2 10,653 0 0
DIREXION SHS ETF TR DLY SP500 BULL 25490K109 897 34,328 SH   DFND 2 34,328 0 0
DIREXION SHS ETF TR DLY SMCP BULL 25490K208 1,159 47,576 SH   DFND 2 47,576 0 0
DIREXION SHS ETF TR FTSE DVMKT BUL 25490K307 1,233 48,603 SH   DFND 2 48,603 0 0
DIREXION SHS ETF TR DAILY HEALTHCARE 25490K372 1,694 45,189 SH   DFND 2 45,189 0 0
DIREXION SHS ETF TR DAILY SP BIOTECH 25490K380 1,900 47,275 SH   DFND 2 47,275 0 0
DIREXION SHS ETF TR FTSE EM BULL 25490K406 976 48,268 SH   DFND 2 48,268 0 0
DIREXION SHS ETF TR DAILY JR GOLD MI 25490K547 2,183 73,394 SH   DFND 2 73,394 0 0
DIREXION SHS ETF TR SP BIOTCH BR3X 25490K745 572 18,412 SH   DFND 2 18,412 0 0
DIREXION SHS ETF TR SP BIOTCH BULL 25490K752 1,367 64,610 SH   DFND 2 64,610 0 0
DIREXION SHS ETF TR TECH BEAR 3X SHS 25490K760 1,179 37,905 SH   DFND 2 37,905 0 0
DIREXION SHS ETF TR DL RUSS BEAR 3X 25490K786 234 6,243 SH   DFND 2 6,243 0 0
DIREXION SHS ETF TR MD CP BEAR 3X NW 25490K810 246 5,464 SH   DFND 2 5,464 0 0
DIREXION SHS ETF TR FTSE CHIN BEAR 25490K836 728 7,350 SH   DFND 2 7,350 0 0
DIREXION SHS ETF TR CSI 300 BULL2X 25490K869 356 15,317 SH   DFND 2 15,317 0 0
DUKE REALTY CORP COM NEW 264411505 348 16,562 SH   DFND 2 16,562 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 987 11,503 SH   DFND 2 11,503 0 0
ETFS PALLADIUM TR SH BEN INT 26923A106 971 17,916 SH   DFND 2 17,916 0 0
ETFS WHITE METALS BASKET TR PHY WM BSK SHS 26923B104 907 34,329 SH   DFND 2 34,329 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 205 8,873 SH   DFND 2 8,873 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 482 14,287 SH   DFND 2 14,287 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 177 12,906 SH   DFND 2 12,906 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 791 30,913 SH   DFND 2 30,913 0 0
EQUINIX INC COM PAR $0.001 29444U700 912 3,016 SH   DFND 2 3,016 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 260 3,893 SH   DFND 2 3,893 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,387 17,004 SH   DFND 2 17,004 0 0
ESSEX PPTY TR INC COM 297178105 874 3,650 SH   DFND 2 3,650 0 0
EXTRA SPACE STORAGE INC COM 30225T102 509 5,771 SH   DFND 2 5,771 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 467 3,194 SH   DFND 2 3,194 0 0
FIDELITY MSCI HLTH CARE I 316092600 2,792 80,894 SH   DFND 2 80,894 0 0
FIDELITY MSCI INFO TECH I 316092808 1,399 42,628 SH   DFND 2 42,628 0 0
FIDELITY MSCI UTILS INDEX 316092865 2,279 81,708 SH   DFND 2 81,708 0 0
FIRST TR S%26P REIT INDEX FD COM 33734G108 1,474 66,740 SH   DFND 2 66,740 0 0
FIRST TR EXCHANGE TRADED FD INDLS PROD DUR 33734X150 2,626 100,603 SH   DFND 2 100,603 0 0
FIRST TR EXCHANGE TRADED FD MATERIALS ALPH 33734X168 1,937 68,947 SH   DFND 2 68,947 0 0
FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 1,223 36,788 SH   DFND 2 36,788 0 0
FIRST TR MID CAP CORE ALPHAD COM SHS 33735B108 1,953 40,669 SH   DFND 2 40,669 0 0
FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 995 49,302 SH   DFND 2 49,302 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1,465 15,865 SH   DFND 2 15,865 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 233 10,637 SH   DFND 2 10,637 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 747 27,440 SH   DFND 2 27,440 0 0
GERDAU S A SPON ADR REP PFD 373737105 30 24,820 SH   DFND 2 24,820 0 0
GILEAD SCIENCES INC COM 375558103 1,170 11,558 SH   DFND 2 11,558 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 203 5,025 SH   DFND 2 5,025 0 0
GLOBAL X FDS GLB X MLP ENRG I 37950E226 1,456 125,419 SH   DFND 2 125,419 0 0
GLOBAL X FDS GLOBX SUPDV US 37950E291 1,320 55,120 SH   DFND 2 55,120 0 0
GLOBAL X FDS GLB X GURU INDEX 37950E341 913 39,314 SH   DFND 2 39,314 0 0
GLOBAL X FDS GLBL X MLP ETF 37950E473 138 13,272 SH   DFND 2 13,272 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 925 5,130 SH   DFND 2 5,130 0 0
GROUPON INC COM CL A 399473107 43 14,090 SH   DFND 2 14,090 0 0
GRUPO SIMEC S A B DE C V ADR 400491106 195 29,809 SH   DFND 2 29,809 0 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400501102 751 19,520 SH   DFND 2 19,520 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 386 2,743 SH   DFND 2 2,743 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 1,257 144,989 SH   DFND 2 144,989 0 0
HCP INC COM 40414L109 819 21,423 SH   DFND 2 21,423 0 0
HOST HOTELS %26 RESORTS INC COM 44107P104 541 35,284 SH   DFND 2 35,284 0 0
ILLUMINA INC COM 452327109 531 2,769 SH   DFND 2 2,769 0 0
INCYTE CORP COM 45337C102 375 3,460 SH   DFND 2 3,460 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 625 4,543 SH   DFND 2 4,543 0 0
IONIS PHARMACEUTICALS INC COM 462222100 205 3,314 SH   DFND 2 3,314 0 0
IRON MTN INC NEW COM 46284V101 255 9,447 SH   DFND 2 9,447 0 0
ISHARES GOLD TRUST ISHARES 464285105 3,537 345,796 SH   DFND 2 345,796 0 0
ISHARES MSCI BRZ CAP ETF 464286400 230 11,106 SH   DFND 2 11,106 0 0
ISHARES MSCI CDA ETF 464286509 5,050 234,898 SH   DFND 2 234,898 0 0
ISHARES MSCI PAC JP ETF 464286665 1,759 45,827 SH   DFND 2 45,827 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 5,720 162,097 SH   DFND 2 162,097 0 0
ISHARES TR TRANS AVG ETF 464287192 844 6,266 SH   DFND 2 6,266 0 0
ISHARES TR CORE S%26P500 ETF 464287200 27,511 134,285 SH   DFND 2 134,285 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 3,895 120,994 SH   DFND 2 120,994 0 0
ISHARES TR NA NAT RES 464287374 3,815 135,577 SH   DFND 2 135,577 0 0
ISHARES TR S%26P 500 VAL ETF 464287408 513 5,800 SH   DFND 2 5,800 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 2,359 22,342 SH   DFND 2 22,342 0 0
ISHARES TR MSCI EAFE ETF 464287465 2,062 35,095 SH   DFND 2 35,095 0 0
ISHARES TR RUS MD CP GR ETF 464287481 281 3,060 SH   DFND 2 3,060 0 0
ISHARES TR COHEN%26STEER REIT 464287564 276 2,781 SH   DFND 2 2,781 0 0
ISHARES TR U.S. UTILITS ETF 464287697 1,657 15,365 SH   DFND 2 15,365 0 0
ISHARES TR U.S. TELECOM ETF 464287713 874 30,356 SH   DFND 2 30,356 0 0
ISHARES TR U.S. TECH ETF 464287721 1,781 16,639 SH   DFND 2 16,639 0 0
ISHARES TR U.S. INDS ETF 464287754 2,792 27,165 SH   DFND 2 27,165 0 0
ISHARES TR U.S. ENERGY ETF 464287796 5,656 167,038 SH   DFND 2 167,038 0 0
ISHARES TR U.S. BAS MTL ETF 464287838 2,146 30,426 SH   DFND 2 30,426 0 0
ISHARES TR MSCI ACWI ETF 464288257 510 9,130 SH   DFND 2 9,130 0 0
ISHARES TR MRGSTR MD CP VAL 464288406 403 3,407 SH   DFND 2 3,407 0 0
ISHARES TR MRGSTR SM CP ETF 464288505 422 3,285 SH   DFND 2 3,285 0 0
ISHARES TR MRG RL ES CP ETF 464288539 276 28,907 SH   DFND 2 28,907 0 0
ISHARES TR SHRT TRS BD ETF 464288679 668 6,059 SH   DFND 2 6,059 0 0
ISHARES TR MRNING SM CP ETF 464288703 666 5,804 SH   DFND 2 5,804 0 0
ISHARES TR US REGNL BKS ETF 464288778 528 15,093 SH   DFND 2 15,093 0 0
ISHARES TR U.S. MED DVC ETF 464288810 3,006 24,544 SH   DFND 2 24,544 0 0
ISHARES TR US OIL EQ%26SV ETF 464288844 2,152 60,149 SH   DFND 2 60,149 0 0
ISHARES TR US OIL%26GS EX ETF 464288851 238 4,503 SH   DFND 2 4,503 0 0
ISHARES GRWT ALLOCAT ETF 464289867 1,094 28,143 SH   DFND 2 28,143 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,983 150,370 SH   DFND 2 150,370 0 0
ISHARES TR CORE HIGH DV ETF 46429B663 2,407 32,782 SH   DFND 2 32,782 0 0
ISHARES TR USA MIN VOL ETF 46429B697 230 5,491 SH   DFND 2 5,491 0 0
ISHARES TR HDG MSCI GERMN 46434V704 1,121 45,989 SH   DFND 2 45,989 0 0
ISHARES TR MSCI AUSTRALIA 46435G607 784 36,464 SH   DFND 2 36,464 0 0
ISHARES TR MSCI ITALY ETF 46435G821 582 26,727 SH   DFND 2 26,727 0 0
JPMORGAN CHASE %26 CO ALERIAN ML ETN 46625H365 317 10,944 SH   DFND 2 10,944 0 0
JOHNSON %26 JOHNSON COM 478160104 1,173 11,422 SH   DFND 2 11,422 0 0
JONES LANG LASALLE INC COM 48020Q107 348 2,174 SH   DFND 2 2,174 0 0
KILROY RLTY CORP COM 49427F108 260 4,112 SH   DFND 2 4,112 0 0
KIMCO RLTY CORP COM 49446R109 518 19,577 SH   DFND 2 19,577 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 214 3,564 SH   DFND 2 3,564 0 0
LIBERTY PPTY TR SH BEN INT 531172104 201 6,487 SH   DFND 2 6,487 0 0
LILLY ELI %26 CO COM 532457108 274 3,249 SH   DFND 2 3,249 0 0
MFA FINL INC COM 55272X102 109 16,539 SH   DFND 2 16,539 0 0
MPLX LP COM UNIT REP LTD 55336V100 215 5,470 SH   DFND 2 5,470 0 0
MACERICH CO COM 554382101 534 6,617 SH   DFND 2 6,617 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 673 9,903 SH   DFND 2 9,903 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 14,613 1,065,104 SH   DFND 2 1,065,104 0 0
MARKET VECTORS ETF TR MKT VECTR WIDE 57060U134 2,222 76,837 SH   DFND 2 76,837 0 0
MARKET VECTORS ETF TR RETAIL ETF 57060U225 4,330 55,733 SH   DFND 2 55,733 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 2,466 168,351 SH   DFND 2 168,351 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 8,230 428,416 SH   DFND 2 428,416 0 0
MCDONALDS CORP COM 580135101 212 1,794 SH   DFND 2 1,794 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 123 10,679 SH   DFND 2 10,679 0 0
MERCK %26 CO INC NEW COM 58933Y105 637 12,060 SH   DFND 2 12,060 0 0
MID-AMER APT CMNTYS INC COM 59522J103 298 3,282 SH   DFND 2 3,282 0 0
MORGAN STANLEY CUSHNG MLP ETN 61760E846 1,108 161,106 SH   DFND 2 161,106 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 240 5,982 SH   DFND 2 5,982 0 0
NOVARTIS A G SPONSORED ADR 66987V109 285 3,315 SH   DFND 2 3,315 0 0
NOVAVAX INC COM 670002104 119 14,151 SH   DFND 2 14,151 0 0
NOVO-NORDISK A S ADR 670100205 204 3,505 SH   DFND 2 3,505 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 278 7,940 SH   DFND 2 7,940 0 0
PFIZER INC COM 717081103 531 16,446 SH   DFND 2 16,446 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 467 20,214 SH   DFND 2 20,214 0 0
PLUM CREEK TIMBER CO INC COM 729251108 411 8,608 SH   DFND 2 8,608 0 0
POWERSHARES ETF TRUST TECH SECT PORT 73935X344 588 14,806 SH   DFND 2 14,806 0 0
POWERSHARES ETF TRUST FTSE US1500 SM 73935X567 237 2,532 SH   DFND 2 2,532 0 0
POWERSHARES ETF TRUST DYNM LRG CP GR 73935X609 728 23,245 SH   DFND 2 23,245 0 0
POWERSHARES ETF TRUST DYN MEDIA PORT 73935X823 618 24,678 SH   DFND 2 24,678 0 0
POWERSHARES ETF TRUST DYN BIOT %26 GEN 73935X856 299 5,916 SH   DFND 2 5,916 0 0
POWERSHS DB MULTI SECT COMM DB ENERGY FUND 73936B101 499 44,551 SH   DFND 2 44,551 0 0
POWERSHS DB MULTI SECT COMM DB PREC MTLS 73936B200 3,306 102,370 SH   DFND 2 102,370 0 0
POWERSHS DB MULTI SECT COMM DB SILVER FUND 73936B309 416 19,043 SH   DFND 2 19,043 0 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 1,549 75,161 SH   DFND 2 75,161 0 0
POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 608 67,200 SH   DFND 2 67,200 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 3,187 91,944 SH   DFND 2 91,944 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 3,122 121,720 SH   DFND 2 121,720 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BEAR 73936D206 4,172 194,766 SH   DFND 2 194,766 0 0
POWERSHARES ETF TRUST II KBW HG YLD FIN 73936Q793 3,121 148,678 SH   DFND 2 148,678 0 0
POWERSHARES ETF TR II S%26P400 LOVL PT 73937B647 1,522 44,733 SH   DFND 2 44,733 0 0
POWERSHARES ETF TR II KBW BK PORT 73937B746 357 9,510 SH   DFND 2 9,510 0 0
POWERSHARES ETF TR II S%26P SMCP FIN P 73937B803 399 9,780 SH   DFND 2 9,780 0 0
POWERSHARES ETF TR II S%26P500 HGH BET 73937B829 1,486 50,764 SH   DFND 2 50,764 0 0
PROCTER %26 GAMBLE CO COM 742718109 344 4,332 SH   DFND 2 4,332 0 0
PROLOGIS INC COM 74340W103 1,054 24,558 SH   DFND 2 24,558 0 0
PROSHARES TR PSHS ULSHT SP500 74347B300 2,483 124,603 SH   DFND 2 124,603 0 0
PROSHARES TR ULTRA OIL %26 GAS 74347B458 205 9,508 SH   DFND 2 9,508 0 0
PROSHARES TR ULTRA JR MNRS NW 74347B466 974 38,040 SH   DFND 2 38,040 0 0
PROSHARES TR ULTPRO NASBIO NW 74347B474 1,472 25,445 SH   DFND 2 25,445 0 0
PROSHARES TR ULTRA GLD MNR NW 74347B482 731 35,244 SH   DFND 2 35,244 0 0
PROSHARES TR ULTRA MSCI BRAZI 74347B490 492 19,319 SH   DFND 2 19,319 0 0
PROSHARES TR ULT HOMEBUILDS 74347B656 712 37,671 SH   DFND 2 37,671 0 0
PROSHARES TR SHORT QQQ NEW 74347B714 4,069 77,941 SH   DFND 2 77,941 0 0
PROSHARES TR ULTSHT FINLS NEW 74347B748 2,869 62,556 SH   DFND 2 62,556 0 0
PROSHARES TR PSHS ULT S%26P 500 74347R107 1,705 27,070 SH   DFND 2 27,070 0 0
PROSHARES TR PSHS ULTRA QQQ 74347R206 10,462 133,516 SH   DFND 2 133,516 0 0
PROSHARES TR PSHS ULT NASB 74347R214 8,241 115,277 SH   DFND 2 115,277 0 0
PROSHARES TR PSHS SHTFINL ETF 74347R230 829 49,163 SH   DFND 2 49,163 0 0
PROSHARES TR PSHS ULTRA DOW30 74347R305 2,097 32,601 SH   DFND 2 32,601 0 0
PROSHARES TR PSHS ULSHT 7-10Y 74347R313 683 29,405 SH   DFND 2 29,405 0 0
PROSHARES TR PSHS SH MSCI EAF 74347R370 1,148 34,207 SH   DFND 2 34,207 0 0
PROSHARES TR PSHS SH MSCI EMR 74347R396 982 33,333 SH   DFND 2 33,333 0 0
PROSHARES TR PSHS ULT MCAP400 74347R404 682 10,084 SH   DFND 2 10,084 0 0
PROSHARES TR PSHS SHRT S%26P500 74347R503 4,743 227,268 SH   DFND 2 227,268 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 832 36,813 SH   DFND 2 36,813 0 0
PROSHARES TR PSHS SH MDCAP400 74347R800 382 23,519 SH   DFND 2 23,519 0 0
PROSHARES TR PSHS ULTRUSS2000 74347R842 3,699 46,751 SH   DFND 2 46,751 0 0
PROSHARES TR II ULTRA YEN NEW 74347W270 243 4,449 SH   DFND 2 4,449 0 0
PROSHARES TR II ULT BLMBRG NT GS 74347W296 532 28,810 SH   DFND 2 28,810 0 0
PROSHARES TR II ULT VIX SHRT 74347W312 25,493 897,949 SH   DFND 2 897,949 0 0
PROSHARES TR II VIX MDTRM FUTR N 74347W338 4,544 84,094 SH   DFND 2 84,094 0 0
PROSHARES TR II ULTRA SILVER NEW 74347W353 322 11,884 SH   DFND 2 11,884 0 0
PROSHARES TR II VIX STRMFUT ETF 74347W361 1,181 88,563 SH   DFND 2 88,563 0 0
PROSHARES TR II ULSHT BLOOMB GAS 74347W387 265 1,897 SH   DFND 2 1,897 0 0
PROSHARES TR II ULTRASHRT NEW 74347W395 4,726 40,800 SH   DFND 2 40,800 0 0
PROSHARES TR II ULTRASHORT YEN N 74347W569 1,325 15,075 SH   DFND 2 15,075 0 0
PROSHARES TR II ULTRA GOLD 74347W601 596 20,031 SH   DFND 2 20,031 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 7,077 140,268 SH   DFND 2 140,268 0 0
PROSHARES TR II ULSHT BLOOMB OIL 74347W668 1,239 9,272 SH   DFND 2 9,272 0 0
PROSHARES TR II PSH ULTRA EURO 74347W874 192 12,371 SH   DFND 2 12,371 0 0
PROSHARES TR ULTRA SH DOW30 74347X112 1,480 83,495 SH   DFND 2 83,495 0 0
PROSHARES TR BASIC MAT NEW 74347X138 571 16,644 SH   DFND 2 16,644 0 0
PROSHARES TR ULT R/EST NEW 74347X625 474 4,538 SH   DFND 2 4,538 0 0
PROSHARES TR ULTRA FNCLS NEW 74347X633 5,139 72,376 SH   DFND 2 72,376 0 0
PROSHARES TR ULTR RUSSL2000 74347X799 3,035 40,953 SH   DFND 2 40,953 0 0
PROSHARES TR ULTRAPRO QQQ 74347X831 3,553 31,107 SH   DFND 2 31,107 0 0
PROSHARES TR ULT FTSE CHIN 50 74347X880 1,237 25,578 SH   DFND 2 25,578 0 0
PROSHARES TR SHRT RUSSELL2000 74348A210 4,970 80,034 SH   DFND 2 80,034 0 0
PROSHARES TR ULTSHT GLD MIN 74348A269 505 18,622 SH   DFND 2 18,622 0 0
PROSHARES TR ULTSHT JR MIN 74348A285 771 36,201 SH   DFND 2 36,201 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 2,785 70,806 SH   DFND 2 70,806 0 0
PROSHARES TR ULTPRO SHT RUSS 74348A335 1,327 45,248 SH   DFND 2 45,248 0 0
PROSHARES TR ULTSHT FT CH 50 74348A350 675 16,103 SH   DFND 2 16,103 0 0
PROSHARES TR ULTSHRT QQQ 74348A426 653 21,967 SH   DFND 2 21,967 0 0
PROSHARES TR ULTSHT FTSE EURO 74348A434 649 11,085 SH   DFND 2 11,085 0 0
PROSHARES TR S%26P 500 DV ARIST 74348A467 477 9,681 SH   DFND 2 9,681 0 0
PROSHARES TR ULSH 20YRTRE NEW 74348A491 866 22,995 SH   DFND 2 22,995 0 0
PROSHARES TR ULSHOIL%26GASNEW13 74348A525 1,341 18,663 SH   DFND 2 18,663 0 0
PROSHARES TR PSHS ULDOW30 NEW 74348A590 1,088 53,953 SH   DFND 2 53,953 0 0
PROSHARES TR ULT MSCIBZL CAPP 74348A673 362 4,459 SH   DFND 2 4,459 0 0
PUBLIC STORAGE COM 74460D109 1,718 6,935 SH   DFND 2 6,935 0 0
REALOGY HLDGS CORP COM 75605Y106 258 7,049 SH   DFND 2 7,049 0 0
REALTY INCOME CORP COM 756109104 626 12,118 SH   DFND 2 12,118 0 0
REGENCY CTRS CORP COM 758849103 283 4,160 SH   DFND 2 4,160 0 0
REGENERON PHARMACEUTICALS COM 75886F107 910 1,677 SH   DFND 2 1,677 0 0
RETAIL PPTYS AMER INC CL A 76131V202 170 11,513 SH   DFND 2 11,513 0 0
RYDEX ETF TRUST GUG S%26P500 PU VA 78355W304 1,342 27,273 SH   DFND 2 27,273 0 0
SL GREEN RLTY CORP COM 78440X101 563 4,983 SH   DFND 2 4,983 0 0
SPDR SERIES TRUST S%26P REGL BKG 78464A698 1,056 25,179 SH   DFND 2 25,179 0 0
SPDR SERIES TRUST S%26P PHARMAC 78464A722 922 18,014 SH   DFND 2 18,014 0 0
SPDR SERIES TRUST OILGAS EQUIP 78464A748 644 36,692 SH   DFND 2 36,692 0 0
SPDR SERIES TRUST S%26P METALS MNG 78464A755 399 26,695 SH   DFND 2 26,695 0 0
SPDR SERIES TRUST S%26P INS ETF 78464A789 1,752 25,211 SH   DFND 2 25,211 0 0
SPDR SERIES TRUST S%26P BK ETF 78464A797 587 17,350 SH   DFND 2 17,350 0 0
SPDR SERIES TRUST S%26P SEMICNDCTR 78464A862 385 8,810 SH   DFND 2 8,810 0 0
SPDR SERIES TRUST S%26P HOMEBUILD 78464A888 358 10,479 SH   DFND 2 10,479 0 0
SPDR S%26P MIDCAP 400 ETF TR UTSER1 S%26PDCRP 78467Y107 2,534 9,973 SH   DFND 2 9,973 0 0
SPDR SER TR S%26P 500 BUYBCK 78468R820 1,837 39,779 SH   DFND 2 39,779 0 0
SANOFI SPONSORED ADR 80105N105 202 4,725 SH   DFND 2 4,725 0 0
SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 351 7,151 SH   DFND 2 7,151 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 361 7,436 SH   DFND 2 7,436 0 0
SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 1,952 36,951 SH   DFND 2 36,951 0 0
SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 1,211 28,524 SH   DFND 2 28,524 0 0
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 1,314 34,074 SH   DFND 2 34,074 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 435 10,971 SH   DFND 2 10,971 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 2,833 65,236 SH   DFND 2 65,236 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 7,882 100,852 SH   DFND 2 100,852 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 472 10,915 SH   DFND 2 10,915 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 167 11,251 SH   DFND 2 11,251 0 0
SHIRE PLC SPONSORED ADR 82481R106 303 1,480 SH   DFND 2 1,480 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,843 14,623 SH   DFND 2 14,623 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 215 21,488 SH   DFND 2 21,488 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 6,862 786,052 SH   DFND 2 786,052 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 880 166,721 SH   DFND 2 166,721 0 0
SPROTT PHYSICAL PLAT PALLAD UNIT 85207Q104 1,783 289,441 SH   DFND 2 289,441 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 243 9,447 SH   DFND 2 9,447 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 128 10,225 SH   DFND 2 10,225 0 0
TAUBMAN CTRS INC COM 876664103 216 2,820 SH   DFND 2 2,820 0 0
TENARIS S A SPONSORED ADR 88031M109 231 9,725 SH   DFND 2 9,725 0 0
TEUCRIUM COMMODITY TR CORN FD SHS 88166A102 243 11,466 SH   DFND 2 11,466 0 0
TEUCRIUM COMMODITY TR WHEAT FD 88166A508 109 11,911 SH   DFND 2 11,911 0 0
TEUCRIUM COMMODITY TR SOYBEAN FD 88166A607 218 12,599 SH   DFND 2 12,599 0 0
3M CO COM 88579Y101 763 5,065 SH   DFND 2 5,065 0 0
TOWERS WATSON %26 CO CL A 891894107 6,404 49,849 SH   DFND 2 49,849 0 0
TRAVELERS COMPANIES INC COM 89417E109 532 4,710 SH   DFND 2 4,710 0 0
TWO HBRS INVT CORP COM 90187B101 131 16,232 SH   DFND 2 16,232 0 0
UDR INC COM 902653104 444 11,828 SH   DFND 2 11,828 0 0
UNITED STS COMMODITY INDEX F COMM IDX FND 911717106 292 7,214 SH   DFND 2 7,214 0 0
UNITED STS COMMODITY IDX FDT CM REP COPP FD 911718104 503 35,276 SH   DFND 2 35,276 0 0
UNITED STS COMMODITY IDX FDT COM UTS US AGR 911718203 1,132 58,376 SH   DFND 2 58,376 0 0
UNITED STS DIESEL HEATING OI UNIT 911783108 501 40,237 SH   DFND 2 40,237 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 4,012 462,785 SH   DFND 2 462,785 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 54,311 4,937,330 SH   DFND 2 4,937,330 0 0
UNITED STS SHORT OIL FD LP UNITS 912613205 2,395 29,409 SH   DFND 2 29,409 0 0
UNITED STS 12 MONTH OIL FD L UNIT BEN INT 91288V103 620 36,452 SH   DFND 2 36,452 0 0
UNITED TECHNOLOGIES CORP COM 913017109 318 3,308 SH   DFND 2 3,308 0 0
UNITEDHEALTH GROUP INC COM 91324P102 843 7,164 SH   DFND 2 7,164 0 0
VALE S A ADR 91912E105 66 20,045 SH   DFND 2 20,045 0 0
VAN ECK MERK GOLD TR GOLD SHS 921078101 3,353 318,710 SH   DFND 2 318,710 0 0
VANGUARD ADMIRAL FDS INC SMLLCP 600 IDX 921932828 535 5,398 SH   DFND 2 5,398 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 1,600 32,068 SH   DFND 2 32,068 0 0
VANGUARD WORLD FDS UTILITIES ETF 92204A876 342 3,644 SH   DFND 2 3,644 0 0
VANGUARD SCOTTSDALE FDS VNG RUS3000IDX 92206C599 339 3,632 SH   DFND 2 3,632 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000GRW 92206C623 566 5,591 SH   DFND 2 5,591 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 344 3,814 SH   DFND 2 3,814 0 0
VENTAS INC COM 92276F100 873 15,475 SH   DFND 2 15,475 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 4,083 50,086 SH   DFND 2 50,086 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 2,405 23,060 SH   DFND 2 23,060 0 0
VEREIT INC COM 92339V100 348 43,923 SH   DFND 2 43,923 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 483 3,839 SH   DFND 2 3,839 0 0
VISA INC COM CL A 92826C839 503 6,491 SH   DFND 2 6,491 0 0
VORNADO RLTY TR SH BEN INT 929042109 828 8,287 SH   DFND 2 8,287 0 0
W P CAREY INC COM 92936U109 278 4,711 SH   DFND 2 4,711 0 0
WELLTOWER INC COM 95040Q104 1,116 16,411 SH   DFND 2 16,411 0 0
WEYERHAEUSER CO COM 962166104 733 24,445 SH   DFND 2 24,445 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 319 11,450 SH   DFND 2 11,450 0 0
WISDOMTREE TR LARGECAP DIVID 97717W307 4,534 63,710 SH   DFND 2 63,710 0 0
ALKERMES PLC SHS G01767105 258 3,254 SH   DFND 2 3,254 0 0
ALLERGAN PLC SHS G0177J108 447 1,430 SH   DFND 2 1,430 0 0
SEADRILL LIMITED SHS G7945E105 51 15,125 SH   DFND 2 15,125 0 0
MYLAN N V SHS EURO N59465109 443 8,198 SH   DFND 2 8,198 0 0