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 EQUAL SEC ETF 00162Q205 1,759 39,117 SH   DFND 2 39,117 0 0
ALPS ETF TR SECTR DIV DOGS 00162Q858 366 11,892 SH   DFND 2 11,892 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 4,838 271,045 SH   DFND 2 271,045 0 0
AGNICO EAGLE MINES LTD COM 008474108 238 8,654 SH   DFND 2 8,654 0 0
AMAZON COM INC CALL 023135106 222 800 SH Call DFND 2 800 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 220 9,555 SH   DFND 2 9,555 0 0
AMERICAN TOWER CORP NEW COM 03027X100 389 5,321 SH   DFND 2 5,321 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 212 14,827 SH   DFND 2 14,827 0 0
ANNALY CAP MGMT INC COM 035710409 330 26,280 SH   DFND 2 26,280 0 0
APPLE INC PUT 037833100 475 1,200 SH Put DFND 2 1,200 0 0
ARMOUR RESIDENTIAL REIT INC COM 042315101 60 12,714 SH   DFND 2 12,714 0 0
AURICO GOLD INC COM 05155C105 70 15,979 SH   DFND 2 15,979 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 488 13,386 SH   DFND 2 13,386 0 0
BARCLAYS BK PLC IPSP CROIL ETN 06738C786 3,080 137,801 SH   DFND 2 137,801 0 0
BARCLAYS BK PLC ETN DJUBS IND MT 06738G407 859 30,340 SH   DFND 2 30,340 0 0
BARCLAYS BK PLC ETN DJUBS COPR37 06739F101 1,163 30,994 SH   DFND 2 30,994 0 0
BARCLAYS BANK PLC ETN DJUBS AGRI37 06739H206 1,514 29,722 SH   DFND 2 29,722 0 0
BARCLAYS BANK PLC ETN DJUBSCOTTN38 06739H271 1,712 31,626 SH   DFND 2 31,626 0 0
BARCLAYS BANK PLC ETN DJUBSCOCO 38 06739H313 1,315 45,628 SH   DFND 2 45,628 0 0
BARCLAYS BK PLC IPATH S%26P500 VIX 06740C188 3,735 180,063 SH   DFND 2 180,063 0 0
BARCLAYS BK PLC S%26P 500 VEQTOR 06740C337 294 2,102 SH   DFND 2 2,102 0 0
BARCLAYS BK PLC US TRES STEEP 06740L477 684 17,394 SH   DFND 2 17,394 0 0
BARCLAYS BK PLC US TRES FLATT 06740L485 378 6,563 SH   DFND 2 6,563 0 0
BARCLAYS BK PLC 30 YR TREAS BULL 06740L527 270 4,296 SH   DFND 2 4,296 0 0
BARCLAYS BK PLC IPATH INVS%26P STF 06740L592 876 22,921 SH   DFND 2 22,921 0 0
BARCLAYS BK PLC IPTH NAT GAS 06740P239 689 24,459 SH   DFND 2 24,459 0 0
BARCLAYS BK PLC TRES 5YR BULL 06740P650 213 3,825 SH   DFND 2 3,825 0 0
BARCLAYS BK PLC IPATH DYNM VIX 06741L609 485 11,334 SH   DFND 2 11,334 0 0
BARCLAYS BK PLC ETN+ SEL MLP 06742C723 705 27,120 SH   DFND 2 27,120 0 0
BARRICK GOLD CORP COM 067901108 546 34,696 SH   DFND 2 34,696 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 73,341 435 SH   DFND 2 435 0 0
B2GOLD CORP COM 11777Q209 82 38,698 SH   DFND 2 38,698 0 0
CHIMERA INVT CORP COM 16934Q109 85 28,180 SH   DFND 2 28,180 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 221 14,988 SH   DFND 2 14,988 0 0
CREDIT SUISSE AG NASSAU BRH ETN LKD SPVXSP 22539T852 380 121,785 SH   DFND 2 121,785 0 0
CREDIT SUISSE NASSAU BRH SLVRFLO ETN LK 22542D449 451 26,869 SH   DFND 2 26,869 0 0
CREDIT SUISSE NASSAU BRH VS 3XLNGNATGAS 22542D530 2,004 135,923 SH   DFND 2 135,923 0 0
CREDIT SUISSE NASSAU BRH 2X INVER PLATI 22542D639 2,935 52,251 SH   DFND 2 52,251 0 0
CREDIT SUISSE NASSAU BRH 2X LONG PLATIN 22542D647 1,506 47,392 SH   DFND 2 47,392 0 0
CREDIT SUISSE NASSAU BRH 3X INVERS SILV 22542D654 2,475 33,061 SH   DFND 2 33,061 0 0
CREDIT SUISSE NASSAU BRH 3X LONG SILVER 22542D662 59 10,469 SH   DFND 2 10,469 0 0
CREDIT SUISSE NASSAU BRH 3X INVERS GOLD 22542D670 3,777 42,481 SH   DFND 2 42,481 0 0
CREDIT SUISSE NASSAU BRH 3X LONG GOLD 22542D688 568 37,886 SH   DFND 2 37,886 0 0
CREDIT SUISSE NASSAU BRH EXCH NT LKD 31 22542D753 201 10,130 SH   DFND 2 10,130 0 0
CREDIT SUISSE NASSAU BRH VIX SHORT TERM 22542D811 928 83,002 SH   DFND 2 83,002 0 0
CREDIT SUISSE NASSAU BRH ETN LKD 30 MLP 22542D852 2,196 73,496 SH   DFND 2 73,496 0 0
CREDIT SUISSE NASSAU BRH EXCH NT LKD 20 22542D878 1,171 52,189 SH   DFND 2 52,189 0 0
CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 9,279 61,805 SH   DFND 2 61,805 0 0
CURRENCYSHARES AUSTRALIAN DL AUSTRALIAN DOL 23129U101 2,089 22,807 SH   DFND 2 22,807 0 0
CURRENCYSHARES SWISS FRANC T SWISS FRANC SH 23129V109 4,622 44,476 SH   DFND 2 44,476 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 999 10,128 SH   DFND 2 10,128 0 0
CURRENCYSHARES EURO TR CALL 23130C108 1,547 12,000 SH Call DFND 2 12,000 0 0
CURRENCYSHARES EURO TR PUT 23130C108 1,547 12,000 SH Put DFND 2 12,000 0 0
DEUTSCHE BK AG LDN BRH PS GOLD SH ETN 25154H731 1,406 90,017 SH   DFND 2 90,017 0 0
DEUTSCHE BK AG LDN BRH PS GOLD DL ETN 25154H749 644 23,834 SH   DFND 2 23,834 0 0
DEUTSCHE BK AG LDN BRH PS GOLD DS ETN 25154H756 2,861 372,462 SH   DFND 2 372,462 0 0
DEUTSCHE BK AG LONDON BRH PS CRD OIL ETN 25154K809 2,120 52,394 SH   DFND 2 52,394 0 0
DIREXION SHS ETF TR DRX S%26P500BEAR 25459W151 2,703 247,120 SH   DFND 2 247,120 0 0
DIREXION SHS ETF TR DL RUSSIA BEAR 25459W284 445 21,313 SH   DFND 2 21,313 0 0
DIREXION SHS ETF TR DLY SCOND 3XBU 25459W458 2,247 47,884 SH   DFND 2 47,884 0 0
DIREXION SHS ETF TR DLY R/E BULL3X 25459W755 1,315 29,548 SH   DFND 2 29,548 0 0
DIREXION SHS ETF TR DLY DEV MKT BULL 25459W789 1,123 24,051 SH   DFND 2 24,051 0 0
DIREXION SHS ETF TR DLY SMCAP BULL3X 25459W847 11,344 241,364 SH   DFND 2 241,364 0 0
DIREXION SHS ETF TR DLY ENRGY BULL3X 25459W888 1,734 27,833 SH   DFND 2 27,833 0 0
DIREXION SHS ETF TR DLY MC BEAR3XNEW 25459Y421 1,914 62,396 SH   DFND 2 62,396 0 0
DIREXION SHS ETF TR DLY TECBEARX NEW 25459Y439 1,042 28,845 SH   DFND 2 28,845 0 0
DIREXION SHS ETF TR DLY ENERBR3X NEW 25459Y454 2,040 64,610 SH   DFND 2 64,610 0 0
DIREXION SHS ETF TR DLY SC BEAR3XNEW 25459Y488 13,498 423,658 SH   DFND 2 423,658 0 0
DIREXION SHS ETF TR DLY GLMNRBU3XNEW 25459Y496 13,957 2,381,748 SH   DFND 2 2,381,748 0 0
DIREXION SHS ETF TR BAS MAT BULL3X 25459Y504 896 28,377 SH   DFND 2 28,377 0 0
DIREXION SHS ETF TR S KOREA BEAR3X 25459Y512 307 6,122 SH   DFND 2 6,122 0 0
DIREXION SHS ETF TR DRX DLYSOKOR3X 25459Y520 349 10,668 SH   DFND 2 10,668 0 0
DIREXION SHS ETF TR BRAZIL BEAR 3X 25459Y538 810 11,357 SH   DFND 2 11,357 0 0
DIREXION SHS ETF TR DRX DLYBRZB 3X 25459Y546 247 12,412 SH   DFND 2 12,412 0 0
DIREXION SHS ETF TR DLY RUSSIA BUL 25459Y645 759 37,330 SH   DFND 2 37,330 0 0
DIREXION SHS ETF TR DLY R/E BEAR3X 25459Y660 1,101 69,511 SH   DFND 2 69,511 0 0
DIREXION SHS ETF TR 20YR TRES BEAR 25459Y678 2,351 36,326 SH   DFND 2 36,326 0 0
DIREXION SHS ETF TR DLY EMRGMKT BULL 25459Y686 6,158 263,296 SH   DFND 2 263,296 0 0
EGA EMERGING GLOBAL SHS TR EGS BRAZ INF ETF 268461829 266 15,360 SH   DFND 2 15,360 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 2,189 16,695 SH   DFND 2 16,695 0 0
ETFS SILVER TR SILVER SHS 26922X107 9,157 471,529 SH   DFND 2 471,529 0 0
ETFS GOLD TR SHS 26922Y105 15,474 127,473 SH   DFND 2 127,473 0 0
ETFS WHITE METALS BASKET TR PHY WM BSK SHS 26923B104 496 13,186 SH   DFND 2 13,186 0 0
ELDORADO GOLD CORP NEW COM 284902103 220 35,641 SH   DFND 2 35,641 0 0
FIRST TR MORNINGSTAR DIV LEA SHS 336917109 692 33,530 SH   DFND 2 33,530 0 0
FIRST TR EXCHANGE TRADED FD NY ARCA BIOTECH 33733E203 229 3,936 SH   DFND 2 3,936 0 0
FIRST TR S%26P REIT INDEX FD COM 33734G108 5,297 284,018 SH   DFND 2 284,018 0 0
FIRST TR ISE REVERE NAT GAS COM 33734J102 1,563 97,214 SH   DFND 2 97,214 0 0
FIRST TR EXCHANGE TRADED FD HLTH CARE ALPH 33734X143 498 12,541 SH   DFND 2 12,541 0 0
FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 2,945 120,683 SH   DFND 2 120,683 0 0
FIRST TR EXCHANGE TRADED FD UTILITIES ALPH 33734X184 323 16,278 SH   DFND 2 16,278 0 0
FIRST TR EXCHANGE TRADED FD ISE CLOUD COMP 33734X192 316 14,922 SH   DFND 2 14,922 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 216 41,129 SH   DFND 2 41,129 0 0
GOLDCORP INC NEW COM 380956409 699 28,268 SH   DFND 2 28,268 0 0
GOLDEN STAR RES LTD CDA COM 38119T104 6 14,776 SH   DFND 2 14,776 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 102 26,704 SH   DFND 2 26,704 0 0
HECLA MNG CO COM 422704106 63 21,136 SH   DFND 2 21,136 0 0
HUNTINGTON BANCSHARES INC COM 446150104 100 12,687 SH   DFND 2 12,687 0 0
ISHARES GOLD TRUST ISHARES 464285105 13,280 1,107,555 SH   DFND 2 1,107,555 0 0
ISHARES INC MSCI BRAZIL CAPP 464286400 5,056 115,274 SH   DFND 2 115,274 0 0
ISHARES INC MSCI JAPAN 464286848 3,244 289,132 SH   DFND 2 289,132 0 0
ISHARES TR S%26P 100 IDX FD 464287101 5,046 70,138 SH   DFND 2 70,138 0 0
ISHARES TR BARCLYS 20+ YR 464287432 19,781 179,110 SH   DFND 2 179,110 0 0
ISHARES TR BARCLYS 7-10 YR 464287440 1,912 18,655 SH   DFND 2 18,655 0 0
ISHARES TR MSCI EAFE INDEX 464287465 916 15,972 SH   DFND 2 15,972 0 0
ISHARES TR NASDQ BIO INDX 464287556 3,345 19,239 SH   DFND 2 19,239 0 0
ISHARES TR RUSSELL1000VAL 464287598 4,840 57,763 SH   DFND 2 57,763 0 0
ISHARES TR RUSSELL1000GRW 464287614 606 8,332 SH   DFND 2 8,332 0 0
ISHARES TR RUSSELL 1000 464287622 571 6,393 SH   DFND 2 6,393 0 0
ISHARES TR RUSSELL 2000 464287655 54,864 564,675 SH   DFND 2 564,675 0 0
ISHARES TR DJ US BAS MATL 464287838 4,597 68,561 SH   DFND 2 68,561 0 0
ISHARES TR S%26P EURO PLUS 464287861 266 6,871 SH   DFND 2 6,871 0 0
ISHARES TR MID VAL INDEX 464288406 3,270 33,469 SH   DFND 2 33,469 0 0
ISHARES TR DJ OIL EQUIP 464288844 275 4,845 SH   DFND 2 4,845 0 0
ISHARES TR DJ OIL%26GAS EXP 464288851 1,607 22,443 SH   DFND 2 22,443 0 0
ISHARES SILVER TRUST CALL 46428Q109 446 23,500 SH Call DFND 2 23,500 0 0
ISHARES TR USA MIN VOL ID 46429B697 1,125 34,537 SH   DFND 2 34,537 0 0
ISHARES TR MSCI RUSS INDX 46429B705 251 13,058 SH   DFND 2 13,058 0 0
JPMORGAN CHASE %26 CO ALERIAN ML ETN 46625H365 4,370 93,599 SH   DFND 2 93,599 0 0
KINROSS GOLD CORP COM NO PAR 496902404 229 44,816 SH   DFND 2 44,816 0 0
KNIGHT CAP GROUP INC CL A COM 499005106 55 15,223 SH   DFND 2 15,223 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 313 7,310 SH   DFND 2 7,310 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 2,452 53,929 SH   DFND 2 53,929 0 0
MARKET VECTORS ETF TR SEMICONDUCTOR 57060U233 202 5,371 SH   DFND 2 5,371 0 0
MORGAN STANLEY S%26P500 CRD OIL 61760E390 1,600 51,262 SH   DFND 2 51,262 0 0
NETFLIX INC CALL 64110L106 929 4,400 SH Call DFND 2 4,400 0 0
NEW GOLD INC CDA COM 644535106 196 30,554 SH   DFND 2 30,554 0 0
NEWMONT MINING CORP COM 651639106 478 15,960 SH   DFND 2 15,960 0 0
NEWS CORP CL A 65248E104 79,044 2,424,650 SH   DFND 2 2,424,650 0 0
NEWS CORP CL B 65248E203 8,294 252,698 SH   DFND 2 252,698 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 592 23,551 SH   DFND 2 23,551 0 0
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 2,607 102,587 SH   DFND 2 102,587 0 0
POWERSHS DB MULTI SECT COMM DB ENERGY FUND 73936B101 226 8,323 SH   DFND 2 8,323 0 0
POWERSHS DB MULTI SECT COMM DB SILVER FUND 73936B309 3,010 91,964 SH   DFND 2 91,964 0 0
POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 1,569 60,539 SH   DFND 2 60,539 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 2,088 50,085 SH   DFND 2 50,085 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 1,006 62,274 SH   DFND 2 62,274 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BEAR 73936D206 3,247 124,823 SH   DFND 2 124,823 0 0
POWERSHARES ETF TRUST II KBW HG YLD FIN 73936Q793 553 22,236 SH   DFND 2 22,236 0 0
POWERSHARES ETF TR II S%26P SMCP CONSU 73937B605 202 4,840 SH   DFND 2 4,840 0 0
POWERSHARES ETF TR II S%26P600 LOVL PT 73937B639 1,749 64,701 SH   DFND 2 64,701 0 0
POWERSHARES ETF TR II S%26P400 LOVL PT 73937B647 1,436 53,963 SH   DFND 2 53,963 0 0
POWERSHARES ETF TR II S%26P500 LOW VOL 73937B779 1,751 56,280 SH   DFND 2 56,280 0 0
PRECIDIAN ETFS TR MAXIS NIKKEI 74016W106 262 16,000 SH   DFND 2 16,000 0 0
PROSHARES TR PSHS ULSHT SP500 74347B300 19,886 487,638 SH   DFND 2 487,638 0 0
PROSHARES TR PSHS ULT S%26P 500 74347R107 23,793 311,266 SH   DFND 2 311,266 0 0
PROSHARES TR PSHS ULTRA QQQ 74347R206 7,387 113,195 SH   DFND 2 113,195 0 0
PROSHARES TR PSHS SHTFINL ETF 74347R230 810 34,324 SH   DFND 2 34,324 0 0
PROSHARES TR PSHS ULTRA DOW30 74347R305 3,909 42,581 SH   DFND 2 42,581 0 0
PROSHARES TR PSHS ULSHT 7-10Y 74347R313 1,109 37,563 SH   DFND 2 37,563 0 0
PROSHARES TR PSHS SH MSCI EAF 74347R370 425 10,710 SH   DFND 2 10,710 0 0
PROSHARES TR PSHS SH MSCI EMR 74347R396 2,866 96,541 SH   DFND 2 96,541 0 0
PROSHARES TR PSHS ULT MCAP400 74347R404 10,734 113,109 SH   DFND 2 113,109 0 0
PROSHARES TR PSHS SHORT QQQ 74347R602 7,290 317,912 SH   DFND 2 317,912 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 997 33,649 SH   DFND 2 33,649 0 0
PROSHARES TR PSHS ULTRA O%26G 74347R719 4,836 89,185 SH   DFND 2 89,185 0 0
PROSHARES TR PSHS SHTRUSS2000 74347R826 3,688 178,778 SH   DFND 2 178,778 0 0
PROSHARES TR II PSHS ULSSLVR NEW 74347W114 4,397 43,416 SH   DFND 2 43,416 0 0
PROSHARES TR II PSHS ULDJUBS NEW 74347W122 447 12,330 SH   DFND 2 12,330 0 0
PROSHARES TR II UL VIXSTFUT ETF 74347W379 385 5,365 SH   DFND 2 5,365 0 0
PROSHARES TR II ULTRASHRT NEW 74347W395 4,820 45,256 SH   DFND 2 45,256 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 11,286 143,867 SH   DFND 2 143,867 0 0
PROSHARES TR II ULT DJ UBS CRUDE 74347W650 2,757 91,597 SH   DFND 2 91,597 0 0
PROSHARES TR II ULTSH DJ UBS CRU 74347W668 691 18,944 SH   DFND 2 18,944 0 0
PROSHARES TR II VIX MDTRM FUTR 74347W684 830 29,365 SH   DFND 2 29,365 0 0
PROSHARES TR II ULTRA SILVER 74347W841 3,964 233,170 SH   DFND 2 233,170 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 371 19,220 SH   DFND 2 19,220 0 0
PROSHARES TR ULTRA SH DOW30 74347X112 2,281 52,313 SH   DFND 2 52,313 0 0
PROSHARES TR BASIC MAT NEW 74347X138 2,422 45,633 SH   DFND 2 45,633 0 0
PROSHARES TR PSHS ULTSHRT QQQ 74347X237 1,536 64,703 SH   DFND 2 64,703 0 0
PROSHARES TR ULTSHT CHINA 25 74347X567 2,152 90,948 SH   DFND 2 90,948 0 0
PROSHARES TR SHT MSCI NEW 74347X575 254 9,753 SH   DFND 2 9,753 0 0
PROSHARES TR ULT R/EST NEW 74347X625 1,333 17,938 SH   DFND 2 17,938 0 0
PROSHARES TR ULTRA FNCLS NEW 74347X633 1,561 16,713 SH   DFND 2 16,713 0 0
PROSHARES TR ULTRAPRO QQQ 74347X831 8,321 125,353 SH   DFND 2 125,353 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 856 27,294 SH   DFND 2 27,294 0 0
PROSHARES TR ULTRPRO S%26P500 74347X864 7,662 122,665 SH   DFND 2 122,665 0 0
PROSHARES TR ULT FTSE CHINA25 74347X880 2,089 49,720 SH   DFND 2 49,720 0 0
PROSHARES TR PSHS ULSHRUS2000 74348A202 1,815 100,578 SH   DFND 2 100,578 0 0
PROSHARES TR ULTRASHORT EUROP 74348A301 571 23,901 SH   DFND 2 23,901 0 0
PROSHARES TR ULSH MSCIEAF NEW 74348A475 2,040 34,030 SH   DFND 2 34,030 0 0
PROSHARES TR ULSH 20YRTRE NEW 74348A491 806 9,630 SH   DFND 2 9,630 0 0
PROSHARES TR ULSHOIL%26GASNEW13 74348A525 4,652 70,287 SH   DFND 2 70,287 0 0
PROSHARES TR PSHS ULDOW30 NEW 74348A590 505 14,258 SH   DFND 2 14,258 0 0
PROSHARES TR PSHS ULPROSH NEW 74348A632 4,586 185,528 SH   DFND 2 185,528 0 0
PROSHARES TR PSHS ULPRRUS NEW 74348A640 511 25,778 SH   DFND 2 25,778 0 0
PROSHARES TR PSHS ULPROSH NEW 74348A657 293 12,778 SH   DFND 2 12,778 0 0
PROSHARES TR ULTRAPRO SH NEW 74348A665 3,699 128,512 SH   DFND 2 128,512 0 0
PROSHARES TR ULT MSCIBZL CAPP 74348A673 1,683 17,993 SH   DFND 2 17,993 0 0
RANDGOLD RES LTD ADR 752344309 221 3,458 SH   DFND 2 3,458 0 0
RENTECH INC COM 760112102 27 12,816 SH   DFND 2 12,816 0 0
RYDEX ETF TRUST GUG S%26P500 EQ WT 78355W106 16,934 276,109 SH   DFND 2 276,109 0 0
SPDR S%26P 500 ETF TR TR UNIT 78462F103 157,096 981,786 SH   DFND 2 981,786 0 0
SPDR GOLD TRUST CALL 78463V107 2,264 19,000 SH Call DFND 2 19,000 0 0
SPDR SERIES TRUST S%26P RETAIL ETF 78464A714 268 3,498 SH   DFND 2 3,498 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 4,658 31,306 SH   DFND 2 31,306 0 0
SPDR S%26P MIDCAP 400 ETF TR UTSER1 S%26PDCRP 78467Y107 6,524 31,009 SH   DFND 2 31,009 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 6,594 166,226 SH   DFND 2 166,226 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 3,774 66,917 SH   DFND 2 66,917 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 6,596 84,172 SH   DFND 2 84,172 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 10,844 354,495 SH   DFND 2 354,495 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3,179 84,493 SH   DFND 2 84,493 0 0
SILVER WHEATON CORP COM 828336107 247 12,556 SH   DFND 2 12,556 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 5,459 533,648 SH   DFND 2 533,648 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 770 99,859 SH   DFND 2 99,859 0 0
SPROTT PHYSICAL PLAT PALLAD UNIT 85207Q104 1,187 141,286 SH   DFND 2 141,286 0 0
SYNOVUS FINL CORP COM 87161C105 57 19,464 SH   DFND 2 19,464 0 0
TEUCRIUM COMMODITY TR SOYBEAN FD 88166A607 874 37,103 SH   DFND 2 37,103 0 0
TOLL BROTHERS INC COM 889478103 212 6,507 SH   DFND 2 6,507 0 0
UNITED STS BRENT OIL FD LP UNIT 91167Q100 674 8,673 SH   DFND 2 8,673 0 0
UNITED STS COMMODITY INDEX F COMM IDX FND 911717106 1,870 34,951 SH   DFND 2 34,951 0 0
UNITED STS COMMODITY IDX FDT CM REP COPP FD 911718104 317 15,037 SH   DFND 2 15,037 0 0
UNITED STS COMMODITY IDX FDT COM UTS US AGR 911718203 1,433 59,353 SH   DFND 2 59,353 0 0
UNITED STS COMMODITY IDX FDT COM UNIT US ML 911718302 848 40,896 SH   DFND 2 40,896 0 0
UNITED STS DIESEL HEATING OI UNIT 911783108 2,096 67,484 SH   DFND 2 67,484 0 0
UNITED STS GASOLINE FD LP UNITS 91201T102 504 9,293 SH   DFND 2 9,293 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 7,248 212,230 SH   DFND 2 212,230 0 0
UNITED STS SHORT OIL FD LP UNITS 912613205 266 7,376 SH   DFND 2 7,376 0 0
UNITED STS 12 MONTH OIL FD L UNIT BEN INT 91288V103 898 22,444 SH   DFND 2 22,444 0 0
VANGUARD ADMIRAL FDS INC MIDCP 400 GRTH 921932869 255 3,223 SH   DFND 2 3,223 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 200 5,164 SH   DFND 2 5,164 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 885 18,367 SH   DFND 2 18,367 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 228 2,636 SH   DFND 2 2,636 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A702 241 3,256 SH   DFND 2 3,256 0 0
VANGUARD WORLD FDS UTILITIES ETF 92204A876 1,442 17,561 SH   DFND 2 17,561 0 0
VANGUARD SCOTTSDALE FDS VNG RUS3000IDX 92206C599 641 8,678 SH   DFND 2 8,678 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000VAL 92206C649 668 9,009 SH   DFND 2 9,009 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 2,243 28,824 SH   DFND 2 28,824 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,985 28,883 SH   DFND 2 28,883 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 244 3,491 SH   DFND 2 3,491 0 0
WISDOMTREE TRUST LARGECAP DIVID 97717W307 1,008 16,842 SH   DFND 2 16,842 0 0
WISDOMTREE TRUST DIV EX-FINL FD 97717W406 2,043 32,814 SH   DFND 2 32,814 0 0
YAMANA GOLD INC COM 98462Y100 248 26,127 SH   DFND 2 26,127 0 0
COVIDIEN PLC SHS G2554F113 6,324 100,632 SH   DFND 2 100,632 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 12,391 569,710 SH   DFND 1 569,710 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 503 47,517 SH   DFND 1 47,517 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 11,778 83,952 SH   DFND 1 83,952 0 0
EMPRESAS ICA S A DE CV SPONS ADR NEW 292448206 1,007 133,788 SH   DFND 1 133,788 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 15,346 148,715 SH   DFND 1 148,715 0 0
GRUPO SIMEC S A B DE C V ADR 400491106 787 58,401 SH   DFND 1 58,401 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 1,998 80,442 SH   DFND 1 80,442 0 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400501102 1,572 60,029 SH   DFND 1 60,029 0 0
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 2,419 47,592 SH   DFND 1 47,592 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 6,108 54,908 SH   DFND 1 54,908 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 7,179 505,237 SH   DFND 1 505,237 0 0
ABB LTD SPONSORED ADR 000375204 1,392 64,255 SH   DFND 3 64,255 0 0
BT GROUP PLC ADR 05577E101 1,648 35,066 SH   DFND 3 35,066 0 0
CELL THERAPEUTICS INC COM NPV NEW 2012 150934883 91 87,000 SH   DFND 3 87,000 0 0
ENI S P A SPONSORED ADR 26874R108 4,553 110,931 SH   DFND 3 110,931 0 0
ERICSSON ADR B SEK 10 294821608 2,387 211,596 SH   DFND 3 211,596 0 0
ETABLISSEMENTS DELHAIZE FRER SPONSORED ADR 29759W101 1,630 26,361 SH   DFND 3 26,361 0 0
FRESENIUS MED CARE AG%26CO KGA SPONSORED ADR 358029106 1,157 32,812 SH   DFND 3 32,812 0 0
GAFISA S A SPONS ADR 362607301 30 11,900 SH   DFND 3 11,900 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 4,110 82,251 SH   DFND 3 82,251 0 0
GOOGLE INC CL A 38259P508 353 401 SH   DFND 3 401 0 0
INTERCONTINENTAL HTLS GRP PL SPON ADR NEW 12 45857P400 728 26,503 SH   DFND 3 26,503 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 355 1,855 SH   DFND 3 1,855 0 0
IRELAND BK SPNSRD ADR NEW 46267Q202 369 44,111 SH   DFND 3 44,111 0 0
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 1,488 29,425 SH   DFND 3 29,425 0 0
NOVARTIS A G SPONSORED ADR 66987V109 3,116 44,064 SH   DFND 3 44,064 0 0
NOVO-NORDISK A S ADR 670100205 2,590 16,716 SH   DFND 3 16,716 0 0
REED ELSEVIER N V SPONS ADR NEW 758204200 847 25,572 SH   DFND 3 25,572 0 0
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 111 13,212 SH   DFND 3 13,212 0 0
SAP AG SPON ADR 803054204 6,894 94,655 SH   DFND 3 94,655 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 623 20,376 SH   DFND 3 20,376 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102 773 86,005 SH   DFND 3 86,005 0 0
SYNGENTA AG SPONSORED ADR 87160A100 209 2,680 SH   DFND 3 2,680 0 0
TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 518 74,485 SH   DFND 3 74,485 0 0
TELECOM ITALIA S P A NEW SPON ADR SVGS 87927Y201 235 42,198 SH   DFND 3 42,198 0 0
TELEFONICA S A SPONSORED ADR 879382208 1,535 119,850 SH   DFND 3 119,850 0 0
UNILEVER PLC SPON ADR NEW 904767704 536 13,240 SH   DFND 3 13,240 0 0
VALE S A ADR REPSTG PFD 91912E204 413 34,000 SH   DFND 3 34,000 0 0
VEOLIA ENVIRONNEMENT SPONSORED ADR 92334N103 359 31,453 SH   DFND 3 31,453 0 0
WPP PLC NEW ADR 92937A102 820 9,599 SH   DFND 3 9,599 0 0
SEADRILL LIMITED SHS G7945E105 2,474 60,718 SH   DFND 3 60,718 0 0
SIGNET JEWELERS LIMITED SHS G81276100 315 4,667 SH   DFND 3 4,667 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 8,301 104,947 SH   DFND 3 104,947 0 0
CNH GLOBAL N V SHS NEW N20935206 346 8,298 SH   DFND 3 8,298 0 0