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
ABBVIE INC COM 00287Y109 1,006 24,337 SH   DFND 1 24,337 0 0
ACCENTURE PLC-CL A COM G1151C101 844 11,725 SH   DFND 1 11,725 0 0
ACTAVIS INC COM 00507K103 5,467 43,313 SH   DFND 1 43,313 0 0
ACTUANT CORP-CL A COM 00508X203 1,052 31,882 SH   DFND 1 31,717 0 165
ADOBE SYSTEMS INC COM 00724F101 537 11,780 SH   DFND 1 11,780 0 0
ADT CORP/THE COM 00101J106 2,536 63,642 SH   DFND 1 63,642 0 0
AFFILIATED MANAGERS GROUP COM 008252108 1,479 9,024 SH   DFND 1 9,024 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 740 17,315 SH   DFND 1 17,315 0 0
ALLERGAN INC COM 018490102 433 5,147 SH   DFND 1 5,147 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 3,099 17,122 SH   DFND 1 17,122 0 0
ALLIANT TECHSYSTEMS INC 3.000% 08/15/24 CVT BND 018804AK0 25,518 22,250,000 PRN   DFND 1 0 0 0
ALLOT COMMUNICATIONS LTD COM M0854Q105 336 24,518 SH   DFND 1 24,394 0 124
ALLSTATE CORP COM 020002101 2,867 59,589 SH   DFND 1 59,589 0 0
ALON USA ENERGY INC COM 020520102 416 28,783 SH   DFND 1 28,645 0 138
ALTISOURCE PORTFOLIO SOL COM L0175J104 1,231 13,046 SH   DFND 1 12,986 0 60
AMAZON.COM INC COM 023135106 1,796 6,469 SH   DFND 1 6,469 0 0
AMDOCS LTD COM G02602103 3,834 103,366 SH   DFND 1 103,366 0 0
AMERIPRISE FINANCIAL INC COM 03076C106 2,830 34,990 SH   DFND 1 34,990 0 0
AMETEK INC COM 031100100 1,801 42,592 SH   DFND 1 42,592 0 0
AMGEN INC COM 031162100 2,256 22,867 SH   DFND 1 22,867 0 0
AMSURG CORP COM 03232P405 628 17,896 SH   DFND 1 17,802 0 94
ANNALY CAPITAL MGMT 5.000% 05/15/15 CVT BND 035710AB8 5,953 5,901,000 PRN   DFND 1 0 0 0
ANSYS INC COM 03662Q105 622 8,507 SH   DFND 1 8,464 0 43
APPLE INC COM 037833100 7,291 18,388 SH   DFND 1 18,388 0 0
ARCHER DANIELS 0.875% 02/15/14 CVT BND 039483AW2 9,112 9,039,000 PRN   DFND 1 0 0 0
ARGO GROUP INTERNATIONAL COM G0464B107 671 15,847 SH   DFND 1 15,769 0 78
ASCENT CAPITAL GROUP INC-A COM 043632108 1,264 16,190 SH   DFND 1 16,109 0 81
AT&T INC COM 00206R102 850 23,991 SH   DFND 1 23,991 0 0
AUTOMATIC DATA PROCESSING COM 053015103 790 11,462 SH   DFND 1 11,462 0 0
AUTONATION INC COM 05329W102 1,063 24,491 SH   DFND 1 24,491 0 0
AVAGO TECHNOLOGIES LTD COM Y0486S104 2,214 59,217 SH   DFND 1 59,217 0 0
AXIALL CORP COM 05463D100 549 12,905 SH   DFND 1 12,839 0 66
BANNER CORPORATION COM 06652V208 1,072 31,740 SH   DFND 1 31,577 0 163
BARNES GROUP INC COM 067806109 863 28,756 SH   DFND 1 28,611 0 145
BAXTER INTERNATIONAL INC COM 071813109 5,177 74,739 SH   DFND 1 74,739 0 0
BAXTER INTERNATIONAL INC COM 071813109 5,195 75,000 SH Call DFND 1 0 0 0
BBCN BANCORP INC COM 073295107 775 54,506 SH   DFND 1 54,224 0 282
BE AEROSPACE INC COM 073302101 1,005 15,930 SH   DFND 1 15,930 0 0
BEAM INC COM 073730103 1,698 26,906 SH   DFND 1 26,906 0 0
BECTON DICKINSON AND CO COM 075887109 1,575 15,944 SH   DFND 1 15,944 0 0
BIOGEN IDEC INC COM 09062X103 1,503 6,988 SH   DFND 1 6,988 0 0
BIOMARIN PHARMACEUTICAL 1.875% 04/23/17 CVT BND 09061GAD3 898 324,000 PRN   DFND 1 0 0 0
BOEING CO/THE COM 097023105 1,316 12,854 SH   DFND 1 12,854 0 0
BRIGGS & STRATTON COM 109043109 677 34,180 SH   DFND 1 34,009 0 171
BRISTOL-MYERS SQUIBB CO COM 110122108 1,414 31,628 SH   DFND 1 31,628 0 0
BRISTOW GROUP INC 3.000% 06/15/38 CVT BND 110394AC7 2,959 2,510,000 PRN   DFND 1 0 0 0
BROADCOM CORP-CL A COM 111320107 1,283 37,945 SH   DFND 1 37,945 0 0
Brocade Communications Systems, Inc COM 111621306 576 100,000 SH Call DFND 1 0 0 0
BROOKDALE SENIOR LIVING INC COM 112463104 1,926 72,850 SH   DFND 1 72,850 0 0
BROOKFIELD RESIDENTIAL PROPE COM 11283W104 2,504 113,517 SH   DFND 1 113,392 0 125
BRUNSWICK CORP COM 117043109 606 18,981 SH   DFND 1 18,882 0 99
CABOT OIL & GAS CORP COM 127097103 3,014 42,438 SH   DFND 1 42,438 0 0
CACI INTERNATIONAL INC 2.125% 05/01/14 CVT BND 127190AD8 11,975 10,000,000 PRN   DFND 1 0 0 0
CADENCE DESIGN SYS INC COM 127387108 4,154 286,925 SH   DFND 1 286,925 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 599 9,788 SH   DFND 1 9,788 0 0
CAPITAL SENIOR LIVING CORP COM 140475104 798 33,362 SH   DFND 1 33,193 0 169
CARLISLE COS INC COM 142339100 718 11,527 SH   DFND 1 11,527 0 0
CATERPILLAR INC COM 149123101 693 8,400 SH   DFND 1 8,400 0 0
CAVIUM INC COM 14964U108 716 20,230 SH   DFND 1 20,230 0 0
CELGENE CORP COM 151020104 875 7,480 SH   DFND 1 7,480 0 0
CENTERPOINT ENERGY INC COM 15189T107 840 35,763 SH   DFND 1 35,763 0 0
CHARTER COMMUNICATION-A COM 16117M305 857 6,923 SH   DFND 1 6,923 0 0
CHECK POINT SOFTWARE TECH COM M22465104 523 10,535 SH   DFND 1 10,535 0 0
CHEESECAKE FACTORY INC/THE COM 163072101 969 23,119 SH   DFND 1 22,999 0 120
CHESAPEAKE LODGING TRUST COM 165240102 700 33,676 SH   DFND 1 33,496 0 180
CHESAPEAKE UTILITIES CORP COM 165303108 968 18,800 SH   DFND 1 18,702 0 98
CHEVRON CORP COM 166764100 1,477 12,485 SH   DFND 1 12,485 0 0
CHICAGO BRIDGE & IRON CO NV COM 167250109 540 9,056 SH   DFND 1 9,056 0 0
CIENA CORP 4.000% 12/15/20 CVT BND 171779AK7 5,176 4,000,000 PRN   DFND 1 0 0 0
CINEMARK HOLDINGS INC COM 17243V102 1,159 41,506 SH   DFND 1 41,506 0 0
CISCO SYSTEMS INC COM 17275R102 312 12,842 SH   DFND 1 12,842 0 0
CITIGROUP INC COM 172967424 2,345 48,880 SH   DFND 1 48,880 0 0
CITIGROUP INC-CW18 COM 172967234 315 3,700,000 SH   DFND 1 0 0 0
CITIGROUP INC-CW19 COM 172967226 1,333 1,696,000 SH   DFND 1 0 0 0
CLEARWATER PAPER CORP COM 18538R103 522 11,091 SH   DFND 1 11,035 0 56
CLOUD PEAK ENERGY INC COM 18911Q102 283 17,122 SH   DFND 1 17,035 0 87
COCA-COLA CO/THE COM 191216100 3,192 79,574 SH   DFND 1 79,574 0 0
COCA-COLA ENTERPRISES COM 19122T109 743 21,142 SH   DFND 1 21,142 0 0
COLGATE-PALMOLIVE CO COM 194162103 1,542 26,904 SH   DFND 1 26,904 0 0
COMCAST CORP-CLASS A COM 20030N101 2,255 54,019 SH   DFND 1 54,019 0 0
COMVERSE INC COM 20585P105 678 22,862 SH   DFND 1 22,742 0 120
CONAGRA FOODS INC COM 205887102 768 21,974 SH   DFND 1 21,974 0 0
COSTCO WHOLESALE CORP COM 22160K105 2,595 23,467 SH   DFND 1 23,467 0 0
CROSSTEX ENERGY INC COM 22765Y104 431 21,787 SH   DFND 1 21,677 0 110
CSG SYSTEMS INTL INC COM 126349109 737 33,865 SH   DFND 1 33,689 0 176
CST BRANDS INC COM 12646R105 2,965 96,241 SH   DFND 1 96,112 0 129
CSX CORP COM 126408103 2,093 90,245 SH   DFND 1 90,245 0 0
CUBIST PHARMACEUTICALS 2.500% 11/01/17 CVT BND 229678AD9 22,822 13,027,000 PRN   DFND 1 0 0 0
CUMMINS INC COM 231021106 553 5,098 SH   DFND 1 5,098 0 0
CYRUSONE INC COM 23283R100 2,014 97,114 SH   DFND 1 96,953 0 161
DELPHI AUTOMOTIVE PLC COM G27823106 4,110 81,067 SH   DFND 1 81,067 0 0
DENDREON CORP 2.875% 01/15/16 CVT BND 24823QAC1 7,160 9,808,000 PRN   DFND 1 0 0 0
DEXCOM INC COM 252131107 989 44,065 SH   DFND 1 43,832 0 233
DISCOVER FINANCIAL SERVICES COM 254709108 2,132 44,751 SH   DFND 1 44,751 0 0
DONALDSON CO INC COM 257651109 759 21,299 SH   DFND 1 21,299 0 0
DTE ENERGY COMPANY COM 233331107 593 8,847 SH   DFND 1 8,847 0 0
EASTMAN CHEMICAL CO COM 277432100 1,223 17,470 SH   DFND 1 17,470 0 0
Eaton Vance Floating Rate Income Trust COM 278279104 5,860 353,668 SH   DFND 1 353,668 0 0
Eaton Vance Senior Income Trust COM 27826S103 7,248 963,820 SH   DFND 1 963,820 0 0
EBAY INC COM 278642103 2,743 53,026 SH   DFND 1 53,026 0 0
ECOLAB INC COM 278865100 391 4,585 SH   DFND 1 4,585 0 0
EL PASO ELECTRIC CO COM 283677854 810 22,948 SH   DFND 1 22,832 0 116
ELECTRONIC ARTS INC 0.750% 07/15/16 CVT BND 285512AA7 24,469 23,500,000 PRN   DFND 1 0 0 0
ELI LILLY & CO COM 532457108 963 19,608 SH   DFND 1 19,608 0 0
EMC CORP/MA COM 268648102 3,249 137,519 SH   DFND 1 137,519 0 0
EMERITUS CORP COM 291005106 902 38,912 SH   DFND 1 38,713 0 199
ENDO HEALTH SOLUTIONS IN 1.750% 04/15/15 CVT BND 29264FAB2 29,352 21,956,000 PRN   DFND 1 0 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 749 11,392 SH   DFND 1 11,392 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 728 25,256 SH   DFND 1 25,125 0 131
EVEREST RE GROUP LTD COM G3223R108 368 2,874 SH   DFND 1 2,874 0 0
EVERTEC INC COM 30040P103 890 40,508 SH   DFND 1 40,303 0 205
EXPRESS SCRIPTS HOLDING CO COM 30219G108 879 14,248 SH   DFND 1 14,248 0 0
EXTERRAN HOLDINGS INC 4.250% 06/15/14 CVT BND 30225XAA1 17,017 13,236,000 PRN   DFND 1 0 0 0
EXXON MOBIL CORP COM 30231G102 1,951 21,598 SH   DFND 1 21,598 0 0
FACEBOOK INC-A COM 30303M102 406 16,327 SH   DFND 1 16,327 0 0
FIFTH & PACIFIC COS INC COM 316645100 936 41,900 SH   DFND 1 41,675 0 225
FINISH LINE/THE - CL A COM 317923100 664 30,382 SH   DFND 1 30,223 0 159
FOOT LOCKER INC COM 344849104 3,293 93,724 SH   DFND 1 93,724 0 0
FORESTAR GROUP INC COM 346233109 743 37,030 SH   DFND 1 36,841 0 189
FRANKLIN RESOURCES INC COM 354613101 970 7,127 SH   DFND 1 7,127 0 0
Freeport-McMoRan Copper & Gold Inc COM 35671D857 2,071 75,000 SH Put DFND 1 75,000 0 0
G & K SERVICES INC -CL A COM 361268105 1,187 24,935 SH   DFND 1 24,803 0 132
GAP INC/THE COM 364760108 1,280 30,687 SH   DFND 1 30,687 0 0
GENCORP INC COM 368682100 869 53,478 SH   DFND 1 53,211 0 267
GENERAC HOLDINGS INC COM 368736104 1,133 30,592 SH   DFND 1 30,432 0 160
GENERAL CABLE CORP 0.875% 11/15/13 CVT BND 369300AD0 14,787 14,824,000 PRN   DFND 1 0 0 0
GENERAL DYNAMICS CORP COM 369550108 511 6,522 SH   DFND 1 6,522 0 0
GENERAL ELECTRIC CO COM 369604103 982 42,363 SH   DFND 1 42,363 0 0
GENERAL MILLS INC COM 370334104 2,167 44,666 SH   DFND 1 44,666 0 0
GENERAL MOTORS CO COM 37045V100 2,906 87,245 SH   DFND 1 87,245 0 0
GENESEE & WYOMING INC-CL A COM 371559105 948 11,178 SH   DFND 1 11,122 0 56
GIBRALTAR INDUSTRIES INC COM 374689107 455 31,258 SH   DFND 1 31,094 0 164
GILEAD SCIENCES INC COM 375558103 2,337 45,593 SH   DFND 1 45,593 0 0
GILEAD SCIENCES INC COM 375558103 5,127 100,000 SH Call DFND 1 0 0 0
GILEAD SCIENCES INC 1.000% 05/01/14 SR:C CVT BND 375558AN3 227 100,000 PRN   DFND 1 0 0 0
GOODRICH PETROLEUM CORP 5.000% 10/01/29 CVT BND 382410AC2 8,459 8,523,000 PRN   DFND 1 0 0 0
GOOGLE INC-CL A COM 38259P508 7,178 8,153 SH   DFND 1 8,153 0 0
H&E EQUIPMENT SERVICES INC COM 404030108 768 36,466 SH   DFND 1 36,273 0 193
HANGER ORTHOPEDIC GROUP INC COM 41043F208 901 28,495 SH   DFND 1 28,346 0 149
HANOVER INSURANCE GROUP INC/ COM 410867105 769 15,732 SH   DFND 1 15,732 0 0
HARLEY-DAVIDSON INC COM 412822108 316 5,764 SH   DFND 1 5,764 0 0
HARSCO CORP COM 415864107 350 15,133 SH   DFND 1 15,133 0 0
HARTFORD FINANCIAL SVCS GRP COM 416515104 4,184 135,318 SH   DFND 1 135,318 0 0
HCA HOLDINGS INC COM 40412C101 2,504 69,440 SH   DFND 1 69,440 0 0
HEADWATERS INC 2.500% 02/01/14 CVT BND 42210PAD4 6,810 6,879,000 PRN   DFND 1 0 0 0
HEADWATERS INC 8.750% 02/01/16 CVT BND 42210PAR3 6,901 6,335,000 PRN   DFND 1 0 0 0
HEALTHSOUTH Corp COM 421924309 2,114 73,400 SH Put DFND 1 73,400 0 0
HERSHEY CO/THE COM 427866108 1,968 22,048 SH   DFND 1 22,048 0 0
HILLTOP HOLDINGS INC COM 432748101 996 60,680 SH   DFND 1 60,369 0 311
HOLOGIC INC FLT 12/15/37 CVT BND 436440AA9 3,411 3,400,000 PRN   DFND 1 0 0 0
HOLOGIC INC FLT 12/15/43 CVT BND 436440AG6 14,064 13,738,000 PRN   DFND 1 0 0 0
HOME DEPOT INC COM 437076102 5,997 77,410 SH   DFND 1 77,410 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 1,836 23,145 SH   DFND 1 23,145 0 0
HORNBECK OFFSHORE SERV FLT 11/15/26 CVT BND 440543AE6 11,537 10,000,000 PRN   DFND 1 0 0 0
HOWARD HUGHES CORP/THE COM 44267D107 2,836 25,300 SH   DFND 1 25,300 0 0
HYSTER-YALE MATERIALS COM 449172105 887 14,125 SH   DFND 1 14,059 0 66
INFORMATICA CORP COM 45666Q102 230 6,593 SH   DFND 1 6,593 0 0
INGERSOLL-RAND PLC COM G47791101 1,088 19,602 SH   DFND 1 19,602 0 0
INGREDION INC COM 457187102 330 5,035 SH   DFND 1 5,035 0 0
INSULET CORPORATION 3.750% 06/15/16 CVT BND 45784PAC5 7,757 5,950,000 PRN   DFND 1 0 0 0
INTEL CORP COM 458140100 818 33,781 SH   DFND 1 33,781 0 0
INTERCONTINENTALEXCHANGE INC COM 45865V100 3,550 19,976 SH   DFND 1 19,976 0 0
INTERNATIONAL PAPER CO COM 460146103 2,304 52,010 SH   DFND 1 52,010 0 0
INTL BUSINESS MACHINES CORP COM 459200101 2,623 13,728 SH   DFND 1 13,728 0 0
INTL GAME TECHNOLOGY 3.250% 05/01/14 CVT BND 459902AQ5 11,889 11,150,000 PRN   DFND 1 0 0 0
INVESCO LTD COM G491BT108 1,496 47,020 SH   DFND 1 47,020 0 0
iShares Dow Jones US Home Construction COM 464288752 2,668 119,200 SH Put DFND 1 119,200 0 0
ISHARES MSCI EAFE INDEX FUND COM 464287465 322 5,619 SH   DFND 1 5,619 0 0
ISTAR FINANCIAL INC 3.000% 11/15/16 CVT BND 45031UBR1 13,207 11,094,000 PRN   DFND 1 0 0 0
JAKKS PACIFIC INC 4.500% 11/01/14 CVT BND 47012EAD8 10,653 10,600,000 PRN   DFND 1 0 0 0
JAZZ PHARMACEUTICALS PLC COM G50871105 1,068 15,546 SH   DFND 1 15,546 0 0
JAZZ PHARMACEUTICALS PLC COM G50871105 2,564 37,300 SH Call DFND 1 0 0 0
JM SMUCKER CO/THE COM 832696405 801 7,762 SH   DFND 1 7,762 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 428 20,374 SH   DFND 1 20,269 0 105
JOHNSON & JOHNSON COM 478160104 2,626 30,584 SH   DFND 1 30,584 0 0
JOY GLOBAL INC COM 481165108 246 5,076 SH   DFND 1 5,076 0 0
JPMORGAN CHASE & CO COM 46625H100 403 7,632 SH   DFND 1 7,632 0 0
KAISER ALUMINUM CORP COM 483007704 599 9,671 SH   DFND 1 9,621 0 50
KELLOGG CO COM 487836108 312 4,858 SH   DFND 1 4,858 0 0
KIMBERLY-CLARK CORP COM 494368103 924 9,506 SH   DFND 1 9,506 0 0
KNIGHT CAPITAL GROUP INC 3.500% 03/15/15 CVT BND 499005AE6 31,376 31,396,000 PRN   DFND 1 0 0 0
KRAFT FOODS GROUP INC COM 50076Q106 3,160 56,558 SH   DFND 1 56,558 0 0
LACLEDE GROUP INC/THE COM 505597104 955 20,905 SH   DFND 1 20,796 0 109
LAM RESEARCH CORP COM 512807108 3,024 68,185 SH   DFND 1 68,185 0 0
LEAP WIRELESS INTL INC 4.500% 07/15/14 CVT BND 521863AL4 13,577 13,504,000 PRN   DFND 1 0 0 0
LIBERTY GLOBAL PLC-A COM G5480U104 972 13,227 SH   DFND 1 13,227 0 0
LIFEPOINT HOSPITALS INC 3.500% 05/15/14 CVT BND 53219LAH2 10,635 9,836,000 PRN   DFND 1 0 0 0
LINCOLN ELECTRIC HOLDINGS COM 533900106 1,010 17,624 SH   DFND 1 17,624 0 0
LINEAR TECHNOLOGY CORP 3.000% 05/01/27 SR:A CVT BND 535678AC0 28,966 27,752,000 PRN   DFND 1 0 0 0
LITHIA MOTORS INC-CL A COM 536797103 3,188 59,805 SH   DFND 1 59,685 0 120
LOCKHEED MARTIN CORP COM 539830109 1,133 10,446 SH   DFND 1 10,446 0 0
LUMBER LIQUIDATORS HOLDINGS COM 55003T107 576 7,388 SH   DFND 1 7,350 0 38
LYONDELLBASELL INDU-CL A COM N53745100 4,494 67,824 SH   DFND 1 67,824 0 0
M & T BANK CORP COM 55261F104 1,029 9,211 SH   DFND 1 9,211 0 0
MANHATTAN ASSOCIATES INC COM 562750109 1,240 16,065 SH   DFND 1 15,980 0 85
MANNING & NAPIER INC COM 56382Q102 601 33,837 SH   DFND 1 33,667 0 170
MARATHON PETROLEUM CORP COM 56585A102 349 4,918 SH   DFND 1 4,918 0 0
MASTERCARD INC-CLASS A COM 57636Q104 2,378 4,140 SH   DFND 1 4,140 0 0
MCDONALD'S CORP COM 580135101 1,168 11,796 SH   DFND 1 11,796 0 0
MCKESSON CORP COM 58155Q103 2,181 19,046 SH   DFND 1 19,046 0 0
MEDTRONIC INC COM 585055106 2,264 43,985 SH   DFND 1 43,985 0 0
MENTOR GRAPHICS CORP COM 587200106 1,259 64,419 SH   DFND 1 64,100 0 319
MERCK & CO. INC. COM 58933Y105 1,099 23,645 SH   DFND 1 23,645 0 0
MERITOR INC COM 59001K100 897 127,132 SH   DFND 1 126,471 0 661
METHANEX CORP COM 59151K108 2,030 47,390 SH   DFND 1 47,390 0 0
MICROSOFT CORP COM 594918104 9,868 285,667 SH   DFND 1 285,667 0 0
MINERALS TECHNOLOGIES INC COM 603158106 877 21,224 SH   DFND 1 21,113 0 111
MOLINA HEALTHCARE INC 3.750% 10/01/14 SR:MOH CVT BND 60855RAA8 5,791 4,500,000 PRN   DFND 1 0 0 0
MOLYCORP INC 3.250% 06/15/16 CVT BND 608753AA7 335 500,000 PRN   DFND 1 0 0 0
MONSANTO CO COM 61166W101 1,410 14,271 SH   DFND 1 14,271 0 0
MORGANS HOTEL GROUP CO 2.375% 10/15/14 CVT BND 61748WAB4 3,140 3,200,000 PRN   DFND 1 0 0 0
MOVADO GROUP INC COM 624580106 682 20,157 SH   DFND 1 20,052 0 105
MUELLER WATER PRODUCTS INC-A COM 624758108 679 98,346 SH   DFND 1 97,828 0 518
NABORS INDUSTRIES LTD COM G6359F103 438 28,000 SH   DFND 1 28,000 0 0
NABORS INDUSTRIES LTD COM G6359F103 804 52,500 SH Call DFND 1 0 0 0
NATIONSTAR MORTGAGE HOLDINGS COM 63861C109 904 24,143 SH   DFND 1 24,016 0 127
NATUS MEDICAL INC COM 639050103 624 45,709 SH   DFND 1 45,479 0 230
NAVISTAR INTL CORP 3.000% 10/15/14 CVT BND 63934EAL2 16,560 17,050,000 PRN   DFND 1 0 0 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 2,614 387,867 SH   DFND 1 387,342 0 525
NEWELL RUBBERMAID INC COM 651229106 2,627 100,086 SH   DFND 1 100,086 0 0
NEWMONT MINING CORP 1.250% 07/15/14 SR:A CVT BND 651639AH9 11,133 11,023,000 PRN   DFND 1 0 0 0
NEWPORT CORP COM 651824104 552 39,618 SH   DFND 1 39,412 0 206
NIKE INC -CL B COM 654106103 1,396 21,922 SH   DFND 1 21,922 0 0
NOBLE ENERGY INC COM 655044105 3,268 54,425 SH   DFND 1 54,425 0 0
NORFOLK SOUTHERN CORP COM 655844108 573 7,893 SH   DFND 1 7,893 0 0
NORTHERN TRUST CORP COM 665859104 490 8,461 SH   DFND 1 8,461 0 0
OASIS PETROLEUM INC COM 674215108 983 25,285 SH   DFND 1 25,156 0 129
OCWEN FINANCIAL CORP COM 675746309 1,809 43,881 SH   DFND 1 43,753 0 128
OLD REPUBLIC INTL CORP COM 680223104 3,172 246,416 SH   DFND 1 246,416 0 0
OMNICARE INC 3.250% 12/15/35 SR:OCR CVT BND 681904AL2 584 567,000 PRN   DFND 1 0 0 0
ON SEMICONDUCTOR CORP 2.625% 12/15/26 CVT BND 682189AG0 13,755 13,262,000 PRN   DFND 1 0 0 0
ON SEMICONDUCTOR CORP 2.625% 12/15/26 SR:B CVT BND 682189AH8 5,634 4,902,000 PRN   DFND 1 0 0 0
ONYX PHARMACEUTICALS INC 4.000% 08/15/16 CVT BND 683399AB5 21,061 9,250,000 PRN   DFND 1 0 0 0
ORACLE CORP COM 68389X105 2,587 84,247 SH   DFND 1 84,247 0 0
OWENS & MINOR INC COM 690732102 547 16,170 SH   DFND 1 16,085 0 85
OWENS-ILLINOIS INC COM 690768403 570 20,518 SH   DFND 1 20,518 0 0
PACWEST BANCORP COM 695263103 1,312 42,833 SH   DFND 1 42,610 0 223
PAREXEL INTERNATIONAL CORP COM 699462107 953 20,718 SH   DFND 1 20,609 0 109
PARTNERRE LTD COM G6852T105 607 6,695 SH   DFND 1 6,695 0 0
PENNYMAC FINANCIAL SERVICE-A COM 70932B101 1,626 76,449 SH   DFND 1 76,449 0 0
PEPSICO INC COM 713448108 1,993 24,364 SH   DFND 1 24,364 0 0
PETSMART INC COM 716768106 423 6,305 SH   DFND 1 6,305 0 0
PFIZER INC COM 717081103 580 20,705 SH   DFND 1 20,705 0 0
PHH CORP 6.000% 06/15/17 CVT BND 693320AQ6 327 182,000 PRN   DFND 1 0 0 0
PHILIP MORRIS INTERNATIONAL COM 718172109 3,571 41,234 SH   DFND 1 41,234 0 0
PHILLIPS 66 COM 718546104 727 12,347 SH   DFND 1 12,347 0 0
PINNACLE FOODS INC COM 72348P104 2,592 107,344 SH   DFND 1 107,344 0 0
PINNACLE WEST CAPITAL COM 723484101 428 7,726 SH   DFND 1 7,726 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 2,990 41,008 SH   DFND 1 41,008 0 0
PORTLAND GENERAL ELECTRIC CO COM 736508847 1,255 41,024 SH   DFND 1 40,820 0 204
POTLATCH CORP COM 737630103 284 18,387 SH   DFND 1 18,293 0 94
PPG INDUSTRIES INC COM 693506107 800 5,463 SH   DFND 1 5,463 0 0
PRESTIGE BRANDS HOLDINGS INC COM 74112D101 1,582 54,291 SH   DFND 1 54,009 0 282
PRICELINE.COM INC COM 741503403 1,156 1,398 SH   DFND 1 1,398 0 0
PRIMERICA INC COM 74164M108 1,162 31,048 SH   DFND 1 30,890 0 158
PROCTER & GAMBLE CO/THE COM 742718109 797 10,359 SH   DFND 1 10,359 0 0
PTC INC COM 69370C100 840 34,244 SH   DFND 1 34,066 0 178
PUBLIC SERVICE ENTERPRISE GP COM 744573106 837 25,636 SH   DFND 1 25,636 0 0
PUBLIC STORAGE COM 74460D109 1,094 7,139 SH   DFND 1 7,139 0 0
PVH CORP COM 693656100 1,570 12,557 SH   DFND 1 12,557 0 0
QUALCOMM INC COM 747525103 1,831 29,976 SH   DFND 1 29,976 0 0
QUANTA SERVICES INC COM 74762E102 2,310 87,302 SH   DFND 1 87,302 0 0
RAMBUS INC 5.000% 06/15/14 CVT BND 750917AC0 9,689 9,430,000 PRN   DFND 1 0 0 0
RAMCO-GERSHENSON PROPERTIES COM 751452202 1,148 73,924 SH   DFND 1 73,532 0 392
RANGE RESOURCES CORP COM 75281A109 397 5,130 SH   DFND 1 5,130 0 0
RAYONIER INC COM 754907103 2,830 51,091 SH   DFND 1 51,091 0 0
RAYONIER TRS HOLDINGS IN 4.500% 08/15/15 CVT BND 75508AAC0 243 145,000 PRN   DFND 1 0 0 0
REGIONS FINANCIAL CORP COM 7591EP100 1,987 208,468 SH   DFND 1 208,468 0 0
RITE AID CORP COM 767754104 49 17,000 SH   DFND 1 17,000 0 0
RTI INTERNATIONAL METALS INC COM 74973W107 1,327 47,900 SH   DFND 1 47,900 0 0
RUDOLPH TECHNOLOGIES INC COM 781270103 610 54,432 SH   DFND 1 54,149 0 283
RYLAND GROUP INC/THE COM 783764103 720 17,931 SH   DFND 1 17,840 0 91
SAKS INC COM 79377W108 1,168 85,630 SH   DFND 1 85,630 0 0
Saks Incorporated COM 79377W108 750 55,000 SH Call DFND 1 0 0 0
SALIX PHARMACEUTICALS LT 2.750% 05/15/15 CVT BND 795435AC0 6,047 3,972,000 PRN   DFND 1 0 0 0
SANDISK CORP 1.500% 08/15/17 CVT BND 80004CAD3 19,994 14,944,000 PRN   DFND 1 0 0 0
SCHLUMBERGER LTD COM 806857108 1,777 24,796 SH   DFND 1 24,796 0 0
SCRIPPS NETWORKS INTER-CL A COM 811065101 770 11,542 SH   DFND 1 11,542 0 0
Shire plc COM 82481R106 923 9,700 SH Call DFND 1 0 0 0
SIGNET JEWELERS LTD COM G81276100 591 8,762 SH   DFND 1 8,762 0 0
SILICON IMAGE INC COM 82705T102 672 114,909 SH   DFND 1 114,306 0 603
SIMON PROPERTY GROUP INC COM 828806109 4,325 27,385 SH   DFND 1 27,385 0 0
SM ENERGY CO COM 78454L100 1,020 17,012 SH   DFND 1 17,012 0 0
SOVRAN SELF STORAGE INC COM 84610H108 931 14,379 SH   DFND 1 14,302 0 77
SPANSION INC-CLASS A COM 84649R200 452 36,126 SH   DFND 1 35,943 0 183
SPDR S&P 500 ETF TRUST COM 78462F103 5,214 32,500 SH Put DFND 1 32,500 0 0
SPDR S&P METALS & MINING ETF COM 78464A755 995 30,000 SH Put DFND 1 30,000 0 0
SPIRIT REALTY CAPITAL INC COM 84860W102 718 40,528 SH   DFND 1 40,528 0 0
STANDARD PACIFIC CORP 1.250% 08/01/32 CVT BND 85375CBC4 5,103 4,000,000 PRN   DFND 1 0 0 0
STANLEY BLACK & DECKER INC COM 854502101 2,379 30,779 SH   DFND 1 30,779 0 0
STARBUCKS CORP COM 855244109 5,470 83,494 SH   DFND 1 83,494 0 0
STARWOOD HOTELS & RESORTS COM 85590A401 436 6,897 SH   DFND 1 6,897 0 0
STARWOOD PROPERTY TRUST INC COM 85571B105 1,536 62,050 SH   DFND 1 62,050 0 0
STARZ - LIBERTY CAPITAL COM 85571Q102 837 37,860 SH   DFND 1 37,749 0 111
STERIS CORP COM 859152100 612 14,282 SH   DFND 1 14,207 0 75
STILLWATER MINING CO COM 86074Q102 342 31,834 SH   DFND 1 31,669 0 165
STONE ENERGY CORP COM 861642106 659 29,939 SH   DFND 1 29,796 0 143
STRATEGIC HOTELS & RESORTS I COM 86272T106 1,252 141,266 SH   DFND 1 141,266 0 0
SUN HYDRAULICS CORP COM 866942105 723 23,114 SH   DFND 1 22,998 0 116
SUNCOKE ENERGY INC COM 86722A103 326 23,207 SH   DFND 1 23,086 0 121
SUNPOWER CORP 4.500% 03/15/15 CVT BND 867652AE9 9,382 8,000,000 PRN   DFND 1 0 0 0
SUNTRUST BANKS INC COM 867914103 324 10,259 SH   DFND 1 10,259 0 0
SYNNEX CORP COM 87162W100 721 17,043 SH   DFND 1 16,954 0 89
TAKE-TWO INTERACTIVE SOF 1.000% 07/01/18 CVT BND 874054AD1 1,459 1,500,000 PRN   DFND 1 0 0 0
TAKE-TWO INTERACTIVE SOF 1.750% 12/01/16 CVT BND 874054AC3 3,608 3,286,000 PRN   DFND 1 0 0 0
TANGER FACTORY OUTLET CENTER COM 875465106 1,316 39,340 SH   DFND 1 39,157 0 183
TARGET CORP COM 87612E106 1,768 25,676 SH   DFND 1 25,676 0 0
TEAM HEALTH HOLDINGS INC COM 87817A107 1,001 24,384 SH   DFND 1 24,255 0 129
TESLA MOTORS INC 1.500% 06/01/18 CVT BND 88160RAA9 10,693 9,500,000 PRN   DFND 1 0 0 0
THERAVANCE INC 2.125% 01/15/23 CVT BND 88338TAB0 13,101 8,500,000 PRN   DFND 1 0 0 0
THERAVANCE INC 3.000% 01/15/15 CVT BND 88338TAA2 17,411 11,700,000 PRN   DFND 1 0 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 458 5,413 SH   DFND 1 5,413 0 0
TIME WARNER CABLE COM 88732J207 1,548 13,759 SH   DFND 1 13,759 0 0
TIVO INC COM 888706108 919 83,219 SH   DFND 1 82,807 0 412
TOWER GROUP INTERNATIONAL LT COM G8988C105 987 48,156 SH   DFND 1 47,913 0 243
TRANSDIGM GROUP INC COM 893641100 632 4,029 SH   DFND 1 4,029 0 0
TREX COMPANY INC COM 89531P105 402 8,475 SH   DFND 1 8,431 0 44
UNION PACIFIC CORP COM 907818108 5,326 34,519 SH   DFND 1 34,519 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,277 24,499 SH   DFND 1 24,499 0 0
UNITED THERAPEUTICS CORP 1.000% 09/15/16 CVT BND 91307CAF9 7,234 5,000,000 PRN   DFND 1 0 0 0
UNIVERSAL CORP/VA COM 913456109 1,026 17,734 SH   DFND 1 17,694 0 40
VANGUARD HEALTH SYSTEMS INC COM 922036207 883 42,602 SH   DFND 1 42,385 0 217
VERIZON COMMUNICATIONS INC COM 92343V104 7,064 140,329 SH   DFND 1 140,329 0 0
VIACOM INC-CLASS B COM 92553P201 965 14,186 SH   DFND 1 14,186 0 0
VIROPHARMA INC 2.000% 03/15/17 CVT BND 928241AH1 30,243 18,420,000 PRN   DFND 1 0 0 0
VISA INC-CLASS A SHARES COM 92826C839 3,035 16,608 SH   DFND 1 16,608 0 0
VISHAY PRECISION GROUP COM 92835K103 447 29,540 SH   DFND 1 29,388 0 152
VIVUS INC COM 928551100 1,215 96,616 SH   DFND 1 96,465 0 151
VOLCANO CORP 1.750% 12/01/17 CVT BND 928645AB6 18,387 20,150,000 PRN   DFND 1 0 0 0
WABTEC CORP COM 929740108 962 18,014 SH   DFND 1 18,014 0 0
WALKER & DUNLOP INC COM 93148P102 667 38,146 SH   DFND 1 37,946 0 200
WALT DISNEY CO/THE COM 254687106 1,219 19,298 SH   DFND 1 19,298 0 0
WASTE MANAGEMENT INC COM 94106L109 838 20,778 SH   DFND 1 20,778 0 0
WATSCO INC COM 942622200 878 10,452 SH   DFND 1 10,398 0 54
WELLCARE HEALTH PLANS INC COM 94946T106 1,207 21,718 SH   DFND 1 21,629 0 89
WELLS FARGO & CO COM 949746101 1,130 27,367 SH   DFND 1 27,367 0 0
WESTERN REFINING INC COM 959319104 626 22,295 SH   DFND 1 22,179 0 116
WESTLAKE CHEMICAL CORP COM 960413102 1,693 17,560 SH   DFND 1 17,517 0 43
WEX INC COM 96208T104 1,110 14,470 SH   DFND 1 14,395 0 75
WHIRLPOOL CORP COM 963320106 509 4,446 SH   DFND 1 4,446 0 0
WILLIAMS COS INC COM 969457100 731 22,512 SH   DFND 1 22,512 0 0
WILLIAMS-SONOMA INC COM 969904101 861 15,411 SH   DFND 1 15,411 0 0
WINNEBAGO INDUSTRIES COM 974637100 569 27,082 SH   DFND 1 26,941 0 141
WOLVERINE WORLD WIDE INC COM 978097103 839 15,365 SH   DFND 1 15,288 0 77
WYNDHAM WORLDWIDE CORP COM 98310W108 577 10,083 SH   DFND 1 10,083 0 0
XL GROUP PLC COM G98290102 2,458 81,076 SH   DFND 1 81,076 0 0