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 36 1,441 SH   DFND 3 1,441 0 0
AMREIT INC NEW CL B 03216B208 9 500 SH   DFND 3 500 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 171 12,300 SH   DFND 3 12,300 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 14,484 1,043,517 SH   DFND 3 1,043,517 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 38 5,500 SH   DFND 3 5,500 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 2,768 398,300 SH   DFND 3 398,300 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 29 500 SH   DFND 3 500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,632 32,000 SH   DFND 3 32,000 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 54 4,100 SH   DFND 3 4,100 0 0
BRASKEM S A SP ADR PFD A 105532105 6 400 SH   DFND 3 400 0 0
BRASKEM S A SP ADR PFD A 105532105 1,388 87,000 SH   DFND 3 87,000 0 0
BROWN FORMAN CORP CL B 115637209 266 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 246 4,000 SH   DFND 3 4,000 0 0
CARNIVAL CORP PAIRED CTF 143658300 382 11,700 SH   DFND 3 11,700 0 0
CBS CORP NEW CL B 124857202 942 17,071 SH   DFND 3 17,071 0 0
CELANESE CORP DEL COM SER A 150870103 269 5,100 SH   DFND 3 5,100 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 61 5,416 SH   DFND 3 5,416 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 81 7,248 SH   DFND 3 7,248 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 5 1,100 SH   DFND 3 1,100 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 202 1,500 SH   DFND 3 1,500 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 28 1,200 SH   DFND 3 1,200 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,581 40,648 SH   DFND 2 40,648 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 354 9,100 SH   DFND 3 9,100 0 0
CHINA SOUTHN AIRLS LTD SPON ADR CL H 169409109 54 2,900 SH   DFND 3 2,900 0 0
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 47 1,500 SH   DFND 3 1,500 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 25 200 SH   DFND 3 200 0 0
COLONIAL PPTYS TR COM SH BEN INT 195872106 47 2,100 SH   DFND 3 2,100 0 0
COMCAST CORP NEW CL A SPL 20030N200 611 14,100 SH   DFND 3 14,100 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 63 2,875 SH   DFND 3 2,875 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 115 3,000 SH   DFND 3 3,000 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 3,336 87,000 SH   DFND 3 87,000 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 22 2,512 SH   DFND 3 2,512 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 2,433 281,626 SH   DFND 3 281,626 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 6 400 SH   DFND 3 400 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 621 44,500 SH   DFND 3 44,500 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 53 2,300 SH   DFND 3 2,300 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 88,428 3,828,058 SH   OTR 3 0 3,828,058 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 324 3,840 SH   DFND 3 3,840 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 206 2,640 SH   DFND 3 2,640 0 0
DISNEY WALT CO COM DISNEY 254687106 3,431 53,200 SH   DFND 3 53,200 0 0
DISNEY WALT CO COM DISNEY 254687106 226 3,500 SH   OTR 3 0 3,500 0
EATON VANCE CORP COM NON VTG 278265103 186 4,800 SH   DFND 3 4,800 0 0
ECOPETROL S A SPONSORED ADS 279158109 64 1,400 SH   DFND 3 1,400 0 0
EPR PPTYS COM SH BEN INT 26884U109 58 1,200 SH   DFND 3 1,200 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,023 19,100 SH   DFND 3 19,100 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 497,938 9,295,085 SH   OTR 3 0 9,295,085 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 401 3,950 SH   DFND 3 3,950 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 228,169 2,249,077 SH   OTR 3 0 2,249,077 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 87 900 SH   DFND 3 900 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 291 3,000 SH   DFND 3 3,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,841 109,123 SH   DFND 3 109,123 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 334 19,800 SH   OTR 3 0 19,800 0
GERDAU S A SPON ADR REP PFD 373737105 31 4,100 SH   DFND 3 4,100 0 0
GERDAU S A SPON ADR REP PFD 373737105 12,697 1,702,000 SH   DFND 3 1,702,000 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 36 3,700 SH   DFND 3 3,700 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 14,324 1,469,133 SH   OTR 3 0 1,469,133 0
GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 52 10,600 SH   DFND 3 10,600 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 34 1,400 SH   DFND 3 1,400 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 26 500 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 29 2,100 SH   DFND 3 2,100 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 39 2,800 SH   DFND 3 2,800 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 11,010 1,969,589 SH   OTR 3 0 1,969,589 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 105 3,700 SH   DFND 3 3,700 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 255 4,691 SH   DFND 2 4,691 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 21 2,600 SH   DFND 3 2,600 0 0
ISHARES IBOXX HI YD ETF 464288513 87,441 954,800 SH   DFND 3 954,800 0 0
ISHARES INTL SEL DIV ETF 464288448 69 1,900 SH   DFND 3 1,900 0 0
ISHARES MSCI CDA ETF 464286509 22 790 SH   DFND 3 790 0 0
ISHARES MSCI EMG MKT ETF 464287234 175 4,300 SH   DFND 3 4,300 0 0
ISHARES MSCI GERMANY ETF 464286806 306 11,000 SH   DFND 3 11,000 0 0
ISHARES MSCI PAC JP ETF 464286665 30 620 SH   DFND 3 620 0 0
ISHARES MSCI TAIWAN ETF 464286731 109 7,800 SH   DFND 2 7,800 0 0
ISHARES MSCI UK ETF 464286699 196 10,000 SH   DFND 3 10,000 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 208 14,710 SH   DFND 3 14,710 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 20,407 1,445,264 SH   DFND 3 1,445,264 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 74 2,600 SH   DFND 3 2,600 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 91,239 3,199,138 SH   OTR 3 0 3,199,138 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 26 2,200 SH   DFND 3 2,200 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 389 5,153 SH   DFND 3 5,153 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 388 16,550 SH   DFND 3 16,550 0 0
LIBERTY PPTY TR SH BEN INT 531172104 320 9,000 SH   DFND 3 9,000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 74,671 2,097,486 SH   OTR 3 0 2,097,486 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 886 12,100 SH   DFND 3 12,100 0 0
MCCORMICK & CO INC COM NON VTG 579780206 233 3,600 SH   DFND 3 3,600 0 0
MOLSON COORS BREWING CO CL B 60871R209 226 4,500 SH   DFND 3 4,500 0 0
NIKE INC CL B 654106103 1,671 23,000 SH   DFND 3 23,000 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 310 8,200 SH   DFND 3 8,200 0 0
OI S.A. SPN ADR REP PFD 670851203 4 2,100 SH   DFND 3 2,100 0 0
OI S.A. SPN ADR REP PFD 670851203 519 282,000 SH   DFND 3 282,000 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 32 1,700 SH   DFND 3 1,700 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 107 6,400 SH   DFND 3 6,400 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 12,350 738,200 SH   DFND 3 738,200 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 75 2,900 SH   DFND 3 2,900 0 0
POWERSHARES GLOBAL ETF TRUST EMER MRKT PORT 73936T763 792 39,000 SH   DFND 3 39,000 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 13,577 881,071 SH   OTR 3 0 881,071 0
SELECT INCOME REIT COM SH BEN INT 81618T100 18 700 SH   DFND 3 700 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3,736 100,000 SH   DFND 4,1,2 100,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 131 1,500 SH   DFND 4,1,2 1,500 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 117 5,000 SH   DFND 3 5,000 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 109,967 4,711,514 SH   OTR 3 0 4,711,514 0
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 16 2,800 SH   DFND 3 2,800 0 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 19 500 SH   DFND 3 500 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 15 500 SH   DFND 3 500 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 378 2,500 SH   DFND 3 2,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 946 5,630 SH   DFND 3 5,630 0 0
SPRINT CORP COM SER 1 85207U105 173 27,879 SH   DFND 3 27,879 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 38 2,600 SH   DFND 3 2,600 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 458 13,700 SH   DFND 3 13,700 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 23 11,400 SH   DFND 3 11,400 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,974 21,600 SH   DFND 3 21,600 0 0
UNITED PARCEL SERVICE INC CL B 911312106 347 3,800 SH   OTR 3 0 3,800 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 13 300 SH   DFND 3 300 0 0
VALE S A ADR REPSTG PFD 91912E204 128 9,000 SH   DFND 3 9,000 0 0
VALE S A ADR REPSTG PFD 91912E204 20,731 1,458,900 SH   DFND 3 1,458,900 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 48 1,200 SH   DFND 3 1,200 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 34 600 SH   DFND 3 600 0 0
VIACOM INC NEW CL B 92553P201 1,084 12,971 SH   DFND 3 12,971 0 0
VORNADO RLTY TR SH BEN INT 929042109 754 8,969 SH   DFND 3 8,969 0 0
VORNADO RLTY TR SH BEN INT 929042109 592,341 7,046,648 SH   OTR 3 0 7,046,648 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 43 1,700 SH   DFND 3 1,700 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 88 3,000 SH   DFND 3 3,000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 170,983 5,829,645 SH   OTR 3 0 5,829,645 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 8 760 SH   DFND 3 760 0 0
WIPRO LTD SPON ADR 1 SH 97651M109 30 2,896 SH   DFND 3 2,896 0 0
3M COM 88579Y101 2,328 19,500 SH   DFND 3 19,500 0 0
ABBOTT COM 002824100 1,513 45,600 SH   DFND 3 45,600 0 0
ABBVIE COM 00287Y109 2,116 47,300 SH   DFND 3 47,300 0 0
ABBVIE COM 00287Y109 197 4,400 SH   OTR 3 0 4,400 0
ABERCROMBIE & FITCH CL A 002896207 121 3,425 SH   DFND 4,1,2 3,425 0 0
ACCENTURE PLC IRELAND CLASS A G1151C101 1,399 19,000 SH   DFND 3 19,000 0 0
ACCENTURE PLC IRELAND CLASS A G1151C101 74 1,000 SH   OTR 3 0 1,000 0
ACE SHS H0023R105 926 9,900 SH   DFND 3 9,900 0 0
ACTAVIS COM 00507K103 533 3,700 SH   DFND 3 3,700 0 0
ACTIVISION BLIZZARD COM 00507V109 250 15,000 SH   DFND 3 15,000 0 0
ADOBE SYS COM 00724F101 774 14,900 SH   DFND 3 14,900 0 0
ADVANCE AUTO PARTS COM 00751Y106 211 2,550 SH   DFND 3 2,550 0 0
ADVANCED SEMICONDUCTOR ENGR ADR 00756M404 27 5,700 SH   DFND 3 5,700 0 0
AES COM 00130H105 250 18,800 SH   DFND 3 18,800 0 0
AETNA INC COM 00817Y108 709 11,073 SH   DFND 3 11,073 0 0
AETNA INC COM 00817Y108 166 2,600 SH   OTR 3 0 2,600 0
AFFILIATED MANAGERS COM 008252108 237 1,300 SH   DFND 3 1,300 0 0
AFLAC COM 001055102 837 13,500 SH   DFND 3 13,500 0 0
AGCO COM 001084102 199 3,300 SH   DFND 3 3,300 0 0
AGCO CORP NOTE 1.250%12/1 001084AM4 4,466 3,000,000 PRN   DFND 4,1,2 3,000,000 0 0
AGILENT TECHNOLOGIES COM 00846U101 532 10,390 SH   DFND 3 10,390 0 0
AGREE REALTY COM 008492100 9 300 SH   DFND 3 300 0 0
AIR PRODS & CHEMS COM 009158106 671 6,300 SH   DFND 3 6,300 0 0
AIRGAS COM 009363102 233 2,200 SH   DFND 3 2,200 0 0
AKAMAI TECHNOLOGIES COM 00971T101 259 5,000 SH   DFND 3 5,000 0 0
ALBEMARLE COM 012653101 138 2,200 SH   DFND 3 2,200 0 0
ALCOA COM 013817101 253 31,100 SH   DFND 3 31,100 0 0
ALEXANDRIA REAL ESTATE EQ COM 015271109 125 1,950 SH   DFND 3 1,950 0 0
ALEXANDRIA REAL ESTATE EQ COM 015271109 99,506 1,558,437 SH   OTR 3 0 1,558,437 0
ALEXION PHARMACEUTICALS COM 015351109 709 6,100 SH   DFND 3 6,100 0 0
ALLEGHANY CORP COM 017175100 164 400 SH   DFND 3 400 0 0
ALLERGAN COM 018490102 796 8,800 SH   DFND 3 8,800 0 0
ALLIANCE DATA SYSTEMS COM 018581108 296 1,400 SH   DFND 3 1,400 0 0
ALLIANT ENERGY COM 018802108 188 3,800 SH   DFND 3 3,800 0 0
ALLSTATE COM 020002101 728 14,400 SH   DFND 3 14,400 0 0
ALTERA COM 021441100 349 9,400 SH   DFND 3 9,400 0 0
ALTRA HOLDINGS COM 02208R106 8 313 SH   DFND 4,1,2 313 0 0
ALTRIA GROUP COM 02209S103 13,036 379,500 SH   DFND 3 379,500 0 0
ALUMINUM CORP CHINA LTD SPON ADR SHS 022276109 29 3,100 SH   DFND 3 3,100 0 0
AMAZON COM COM 023135106 3,377 10,800 SH   DFND 3 10,800 0 0
AMEREN COM 023608102 247 7,100 SH   DFND 3 7,100 0 0
AMERESCO CL A 02361E108 282 28,100 SH   DFND 3 28,100 0 0
AMERICA MOVIL SAB DE CV SPON ADR SHS 02364W105 105 5,300 SH   DFND 3 5,300 0 0
AMERICA MOVIL SAB DE CV SPON ADR SHS 02364W105 507 25,600 SH   DFND 3 25,600 0 0
AMERICAN ASSETS TR COM 024013104 27 900 SH   DFND 3 900 0 0
AMERICAN ASSETS TR COM 024013104 13,910 455,921 SH   OTR 3 0 455,921 0
AMERICAN CAMPUS CMNTYS COM 024835100 95 2,768 SH   DFND 3 2,768 0 0
AMERICAN CAMPUS CMNTYS COM 024835100 18,759 549,310 SH   OTR 3 0 549,310 0
AMERICAN CAPITAL AGENCY COM 02503X105 273 12,100 SH   DFND 3 12,100 0 0
AMERICAN ELEC PWR COM 025537101 646 14,900 SH   DFND 3 14,900 0 0
AMERICAN EQTY INVT LIFE COM 025676206 17 590 SH   DFND 4,1,2 590 0 0
AMERICAN EXPRESS COM 025816109 8,107 107,350 SH   DFND 3 107,350 0 0
AMERICAN EXPRESS COM 025816109 91 1,200 SH   OTR 3 0 1,200 0
AMERICAN HOMES 4 CL A 02665T306 19 1,200 SH   DFND 3 1,200 0 0
AMERICAN INTL GROUP COM NEW 026874784 2,052 42,192 SH   DFND 3 42,192 0 0
AMERICAN INTL GROUP COM NEW 026874784 4,668 96,000 SH   OTR 3 0 96,000 0
AMERICAN RESIDENTIAL PPTYS COM 02927E303 5 300 SH   DFND 3 300 0 0
AMERICAN RLTY CAP PPTYS COM 02917T104 59 4,800 SH   DFND 3 4,800 0 0
AMERICAN TOWER CORP COM 03027X100 897 12,100 SH   DFND 3 12,100 0 0
AMERICAN WTR WKS CO INC COM 030420103 355 8,600 SH   DFND 3 8,600 0 0
AMERIPRISE FINL COM 03076C106 561 6,160 SH   DFND 3 6,160 0 0
AMERIPRISE FINL COM 03076C106 291 3,200 SH   OTR 3 0 3,200 0
AMERISOURCEBERGEN COM 03073E105 428 7,000 SH   DFND 3 7,000 0 0
AMETEK INC COM 031100100 354 7,700 SH   DFND 3 7,700 0 0
AMGEN COM 031162100 2,507 22,400 SH   DFND 3 22,400 0 0
AMPHENOL CORP CL A 032095101 387 5,000 SH   DFND 3 5,000 0 0
ANADARKO PETE COM 032511107 1,413 15,200 SH   DFND 3 15,200 0 0
ANADARKO PETE COM 032511107 130 1,400 SH   OTR 3 0 1,400 0
ANALOG DEVICES COM 032654105 438 9,300 SH   DFND 3 9,300 0 0
ANGLOGOLD ASHANTI LTD ADR 035128206 33 2,500 SH   DFND 3 2,500 0 0
ANNALY CAP MGMT COM 035710409 324 28,000 SH   DFND 3 28,000 0 0
ANSYS COM 03662Q105 199 2,300 SH   DFND 3 2,300 0 0
AON PLC CL A G0408V102 677 9,100 SH   DFND 3 9,100 0 0
APACHE COM 037411105 988 11,610 SH   DFND 3 11,610 0 0
APARTMENT INVT & MGMT CL A 03748R101 109 3,892 SH   DFND 3 3,892 0 0
APARTMENT INVT & MGMT CL A 03748R101 223,117 7,985,594 SH   OTR 3 0 7,985,594 0
APPLE COM 037833100 13,301 27,900 SH   DFND 3 27,900 0 0
APPLE COM 037833100 584 1,225 SH   OTR 3 0 1,225 0
APPLIED MATLS COM 038222105 870 49,600 SH   DFND 3 49,600 0 0
APPLIED MATLS COM 038222105 11,600 661,700 SH   OTR 3 0 661,700 0
ARCELORMITTAL SA LUXEMBOURG NOTE 5.000% 5/1 03938LAK0 2,040 2,000,000 PRN   DFND 2 2,000,000 0 0
ARCH CAP GROUP ORD G0450A105 238 4,400 SH   DFND 3 4,400 0 0
ARCHER DANIELS MIDLAND COM 039483102 722 19,600 SH   DFND 3 19,600 0 0
ARMADA HOFFLER PPTYS COM 04208T108 5 500 SH   DFND 3 500 0 0
ARROW ELECTRS COM 042735100 175 3,600 SH   DFND 3 3,600 0 0
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 2,607 2,500,000 PRN   DFND 4,1,2 2,500,000 0 0
ASHFORD HOSPITALITY TR INC SHS 044103109 22 1,800 SH   DFND 3 1,800 0 0
ASHLAND INC COM 044209104 166 1,800 SH   DFND 3 1,800 0 0
ASSOCIATED ESTATES RLTY COM 045604105 19 1,300 SH   DFND 3 1,300 0 0
ASSURANT COM 04621X108 141 2,600 SH   DFND 3 2,600 0 0
AT&T COM 00206R102 270 8,000 SH   DFND 1,2 8,000 0 0
AT&T COM 00206R102 5,695 168,395 SH   DFND 3 168,395 0 0
AT&T COM 00206R102 294 8,700 SH   OTR 3 0 8,700 0
ATWOOD OCEANICS COM 050095108 125 2,275 SH   DFND 4,1,2 2,275 0 0
AU OPTRONICS CORP ADR 002255107 15 4,100 SH   DFND 3 4,100 0 0
AUTODESK COM 052769106 305 7,400 SH   DFND 3 7,400 0 0
AUTOLIV COM 052800109 280 3,200 SH   DFND 3 3,200 0 0
AUTOMATIC DATA PROCESSING COM 053015103 1,057 14,600 SH   DFND 3 14,600 0 0
AUTOZONE COM 053332102 465 1,100 SH   DFND 3 1,100 0 0
AVAGO TECHNOLOGIES SHS Y0486S104 362 8,400 SH   DFND 3 8,400 0 0
AVAGO TECHNOLOGIES SHS Y0486S104 86 2,000 SH   OTR 3 0 2,000 0
AVALONBAY CMNTYS COM 053484101 854 6,719 SH   DFND 3 6,719 0 0
AVALONBAY CMNTYS COM 053484101 202,431 1,592,815 SH   OTR 3 0 1,592,815 0
AVERY DENNISON COM 053611109 131 3,000 SH   DFND 3 3,000 0 0
AVIV REIT INC COM 05381L101 9 400 SH   DFND 3 400 0 0
AVNET COM 053807103 163 3,900 SH   DFND 3 3,900 0 0
AVON PRODS COM 054303102 288 14,000 SH   DFND 3 14,000 0 0
AXIS CAPITAL HOLDINGS SHS G0692U109 165 3,800 SH   DFND 3 3,800 0 0
B/E AEROSPACE COM 073302101 546 7,400 SH   DFND 3 7,400 0 0
BAKER HUGHES COM 057224107 658 13,404 SH   DFND 3 13,404 0 0
BALL COM 058498106 184 4,100 SH   DFND 3 4,100 0 0
BANCO DE CHILE ADR 059520106 159 1,730 SH   DFND 3 1,730 0 0
BANCO SANTANDER CHILE NEW SP ADR COM 05965X109 26 1,000 SH   DFND 3 1,000 0 0
BANCO SANTANDER CHILE NEW SP ADR COM 05965X109 103 3,900 SH   DFND 3 3,900 0 0
BANK NEW YORK MELLON COM 064058100 6,013 199,171 SH   DFND 3 199,171 0 0
BANK OF AMERICA COM 060505104 4,419 320,214 SH   DFND 3 320,214 0 0
BANK OF AMERICA COM 060505104 2,830 205,100 SH   OTR 3 0 205,100 0
BARD C R COM 067383109 242 2,100 SH   DFND 3 2,100 0 0
BAXTER INTL COM 071813109 1,156 17,600 SH   DFND 3 17,600 0 0
BB&T COM 054937107 732 21,700 SH   DFND 3 21,700 0 0
BEAM COM 073730103 272 4,200 SH   DFND 3 4,200 0 0
BECTON DICKINSON & COM 075887109 660 6,600 SH   DFND 3 6,600 0 0
BED BATH & BEYOND COM 075896100 495 6,400 SH   DFND 3 6,400 0 0
BERKLEY W R COM 084423102 180 4,200 SH   DFND 3 4,200 0 0
BEST BUY COM 086516101 281 7,500 SH   DFND 3 7,500 0 0
BIOGEN IDEC COM 09062X103 1,717 7,130 SH   DFND 3 7,130 0 0
BIOMARIN PHARMACEUTICAL COM 09061G101 318 4,400 SH   DFND 3 4,400 0 0
BIOMED REALTY TRUST COM 09063H107 89 4,800 SH   DFND 3 4,800 0 0
BLACKROCK COM 09247X101 1,137 4,200 SH   DFND 3 4,200 0 0
BLACKROCK COM 09247X101 3,762 13,900 SH   OTR 3 0 13,900 0
BLOCK H & R COM 093671105 200 7,500 SH   DFND 3 7,500 0 0
BLOUNT INTL INC COM 095180105 121 10,000 SH   DFND 4,1,2 10,000 0 0
BOEING COM 097023105 2,515 21,400 SH   DFND 3 21,400 0 0
BORGWARNER COM 099724106 335 3,300 SH   DFND 3 3,300 0 0
BOSTON PROPERTIES COM 101121101 914 8,550 SH   DFND 3 8,550 0 0
BOSTON PROPERTIES COM 101121101 400,368 3,745,260 SH   OTR 3 0 3,745,260 0
BOSTON SCIENTIFIC COM 101137107 468 39,847 SH   DFND 3 39,847 0 0
BRE PROPERTIES CL A 05564E106 102 2,000 SH   DFND 3 2,000 0 0
BRE PROPERTIES CL A 05564E106 151,718 2,988,920 SH   OTR 3 0 2,988,920 0
BRF SA ADR 10552T107 71 2,900 SH   DFND 3 2,900 0 0
BRF SA ADR 10552T107 12,562 512,100 SH   DFND 3 512,100 0 0
BRISTOL MYERS SQUIBB COM 110122108 7,141 154,300 SH   DFND 3 154,300 0 0
BROADCOM CL A 111320107 418 16,050 SH   DFND 3 16,050 0 0
BROADCOM CL A 111320107 122 4,700 SH   OTR 3 0 4,700 0
BUNGE COM G16962105 334 4,400 SH   DFND 3 4,400 0 0
C H ROBINSON WORLDWIDE COM NEW 12541W209 304 5,100 SH   DFND 3 5,100 0 0
CA COM 12673P105 318 10,705 SH   DFND 3 10,705 0 0
CABOT OIL & GAS COM 127097103 496 13,300 SH   DFND 3 13,300 0 0
CACI INTL INC NOTE 2.125% 5/0 127190AD8 12,758 9,998,000 PRN   DFND 4,1,2 9,998,000 0 0
CALPINE COM NEW 131347304 179 9,200 SH   DFND 3 9,200 0 0
CAMERON INTERNATIONAL COM 13342B105 444 7,600 SH   DFND 3 7,600 0 0
CAMPBELL SOUP COM 134429109 261 6,400 SH   DFND 3 6,400 0 0
CAMPUS CREST CMNTYS COM 13466Y105 17 1,600 SH   DFND 3 1,600 0 0
CAPITAL ONE FINL COM 14040H105 1,179 17,154 SH   DFND 3 17,154 0 0
CARDINAL HEALTH COM 14149Y108 537 10,300 SH   DFND 3 10,300 0 0
CAREFUSION COM 14170T101 290 7,850 SH   DFND 3 7,850 0 0
CARMAX COM 143130102 315 6,500 SH   DFND 3 6,500 0 0
CARMAX COM 143130102 1,561 32,200 SH   OTR 3 0 32,200 0
CATERPILLAR INC COM 149123101 2,118 25,400 SH   DFND 3 25,400 0 0
CBL & ASSOC PPTYS COM 124830100 85 4,455 SH   DFND 3 4,455 0 0
CBRE GROUP CL A 12504L109 217 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 1,958 12,700 SH   DFND 3 12,700 0 0
CENCOSUD S A SPONSORED ADS 15132H101 21 1,600 SH   DFND 3 1,600 0 0
CENTERPOINT ENERGY COM 15189T107 295 12,300 SH   DFND 3 12,300 0 0
CENTRAIS ELETRICAS BRASILEIR ADR 15234Q207 4 1,300 SH   DFND 3 1,300 0 0
CENTURYLINK COM 156700106 3,850 122,679 SH   DFND 3 122,679 0 0
CERNER COM 156782104 462 8,800 SH   DFND 3 8,800 0 0
CF INDS HLDGS COM 125269100 358 1,700 SH   DFND 3 1,700 0 0
CHAMBERS STR COM 157842105 54 6,100 SH   DFND 3 6,100 0 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 7,473 4,000,000 PRN   DFND 4,1,2 4,000,000 0 0
CHATHAM LODGING COM 16208T102 9 500 SH   DFND 3 500 0 0
CHENIERE ENERGY COM NEW 16411R208 174 5,100 SH   DFND 3 5,100 0 0
CHESAPEAKE ENERGY COM 165167107 383 14,800 SH   DFND 3 14,800 0 0
CHEVRON CORP COM 166764100 15,275 125,718 SH   DFND 3 125,718 0 0
CHEVRON CORP COM 166764100 571 4,700 SH   OTR 3 0 4,700 0
CHINA MOBILE LIMITED ADR 16941M109 2,122 37,967 SH   DFND 2 37,967 0 0
CHINA MOBILE LIMITED ADR 16941M109 271 4,800 SH   DFND 3 4,800 0 0
CHINA PETE & CHEM CORP SPON ADR SHS 16941R108 137 1,748 SH   DFND 2 1,748 0 0
CHINA PETE & CHEM CORP SPON ADR SHS 16941R108 112 1,430 SH   DFND 3 1,430 0 0
CHINA TELECOM CORP LTD SPON ADR SHS 169426103 55 1,105 SH   DFND 2 1,105 0 0
CHINA TELECOM CORP LTD SPON ADR SHS 169426103 30 600 SH   DFND 3 600 0 0
CHINA UNICOM (HONG KONG) LTD ADR 16945R104 29 1,900 SH   DFND 3 1,900 0 0
CHIPOTLE MEXICAN GRILL COM 169656105 386 900 SH   DFND 3 900 0 0
CHUBB COM 171232101 705 7,900 SH   DFND 3 7,900 0 0
CHURCH & DWIGHT COM 171340102 282 4,700 SH   DFND 3 4,700 0 0
CIENA COM NEW 171779309 775 1,000 SH   DFND 4,1,2 1,000 0 0
CIGNA COM 125509109 669 8,700 SH   DFND 3 8,700 0 0
CIMAREX ENERGY COM 171798101 280 2,900 SH   DFND 3 2,900 0 0
CIMAREX ENERGY COM 171798101 4,579 47,500 SH   OTR 3 0 47,500 0
CINCINNATI FINL COM 172062101 218 4,615 SH   DFND 3 4,615 0 0
CINTAS COM 172908105 164 3,200 SH   DFND 3 3,200 0 0
CISCO SYS COM 17275R102 3,796 162,000 SH   DFND 3 162,000 0 0
CISCO SYS COM 17275R102 370 15,800 SH   OTR 3 0 15,800 0
CIT GROUP COM NEW 125581801 273 5,600 SH   DFND 3 5,600 0 0
CITIGROUP COM NEW 172967424 4,570 94,203 SH   DFND 3 94,203 0 0
CITIGROUP COM NEW 172967424 175 3,600 SH   OTR 3 0 3,600 0
CITRIX SYS COM 177376100 374 5,300 SH   DFND 3 5,300 0 0
CLOROX CO COM 189054109 327 4,000 SH   DFND 3 4,000 0 0
CME GROUP COM 12572Q105 702 9,500 SH   DFND 3 9,500 0 0
CMS ENERGY COM 125896100 168 6,400 SH   DFND 3 6,400 0 0
CNOOC LTD ADR 126132109 1,157 5,682 SH   DFND 2 5,682 0 0
CNOOC LTD ADR 126132109 202 1,000 SH   DFND 3 1,000 0 0
COACH COM 189754104 474 8,700 SH   DFND 3 8,700 0 0
COBALT INTL ENERGY COM 19075F106 196 7,900 SH   DFND 3 7,900 0 0
COCA COLA COM 191216100 4,565 120,500 SH   DFND 3 120,500 0 0
COCA COLA ENTERPRISES INC COM 19122T109 398 9,900 SH   DFND 3 9,900 0 0
COGNIZANT TECHNOLOGY CL A 192446102 764 9,300 SH   DFND 3 9,300 0 0
COLE REAL ESTATE INVTS COM 19329V105 131 10,700 SH   DFND 3 10,700 0 0
COLGATE PALMOLIVE COM 194162103 1,637 27,600 SH   DFND 3 27,600 0 0
COMCAST CORP CL A 20030N101 9,089 201,470 SH   DFND 3 201,470 0 0
COMERICA COM 200340107 2,449 62,300 SH   DFND 3 62,300 0 0
COMMONWEALTH REIT 6.50% PFD CUM CO 203233408 35,143 1,679,073 SH   OTR 3 0 1,679,073 0
COMMONWEALTH REIT CV PFDE 7.25% 203233606 34,280 1,495,000 SH   OTR 3 0 1,495,000 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 6,179 134,278 SH   DFND 3 134,278 0 0
COMPANHIA DE BEBIDAS DAS AME ADR 20441W104 23 600 SH   DFND 3 600 0 0
COMPANHIA DE SANEAMENTO BASI ADR 20441A102 16 1,600 SH   DFND 3 1,600 0 0
COMPANHIA DE SANEAMENTO BASI ADR 20441A102 2,861 287,200 SH   DFND 3 287,200 0 0
COMPANHIA SIDERURGICA NACION ADR 20440W105 15 3,500 SH   DFND 3 3,500 0 0
COMPANHIA SIDERURGICA NACION ADR 20440W105 810 189,500 SH   DFND 3 189,500 0 0
COMPANIA CERVECERIAS UNIDAS ADR 204429104 5 200 SH   DFND 3 200 0 0
COMPANIA CERVECERIAS UNIDAS ADR 204429104 53 2,000 SH   DFND 3 2,000 0 0
COMPANIA DE MINAS BUENAVENTU ADR 204448104 11 900 SH   DFND 3 900 0 0
COMPUTER SCIENCES COM 205363104 238 4,600 SH   DFND 3 4,600 0 0
CONAGRA FOODS COM 205887102 385 12,700 SH   DFND 3 12,700 0 0
CONCHO RES COM 20605P101 316 2,900 SH   DFND 3 2,900 0 0
CONOCOPHILLIPS COM 20825C104 2,384 34,300 SH   DFND 3 34,300 0 0
CONSOL ENERGY COM 20854P109 219 6,500 SH   DFND 3 6,500 0 0
CONSOLIDATED EDISON COM 209115104 474 8,600 SH   DFND 3 8,600 0 0
CONSTELLATION BRANDS CL A 21036P108 287 5,000 SH   DFND 3 5,000 0 0
CONTINENTAL RESOURCES COM 212015101 129 1,200 SH   DFND 3 1,200 0 0
CORE LABORATORIES N COM N22717107 186 1,100 SH   DFND 3 1,100 0 0
CORESITE RLTY COM 21870Q105 17 500 SH   DFND 3 500 0 0
CORNING COM 219350105 638 43,700 SH   DFND 3 43,700 0 0
CORNING COM 219350105 175 12,000 SH   OTR 3 0 12,000 0
CORPBANCA ADR 21987A209 8 500 SH   DFND 3 500 0 0
CORRECTIONS CORP AMER COM NEW 22025Y407 108 3,135 SH   DFND 3 3,135 0 0
COSAN SHS A G25343107 424 27,600 SH   DFND 3 27,600 0 0
COSTCO WHSL CORP COM 22160K105 1,612 14,000 SH   DFND 3 14,000 0 0
COUSINS PPTYS COM 222795106 46 4,463 SH   DFND 3 4,463 0 0
COUSINS PPTYS COM 222795106 11,128 1,081,419 SH   OTR 3 0 1,081,419 0
COVANTA HLDG COM 22282E102 210 9,800 SH   DFND 3 9,800 0 0
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 24,136 17,500,000 PRN   DFND 4,1,2 17,500,000 0 0
COVIDIEN SHS G2554F113 867 14,225 SH   DFND 3 14,225 0 0
COVIDIEN SHS G2554F113 177 2,900 SH   OTR 3 0 2,900 0
CPFL ENERGIA S A ADR 126153105 10 600 SH   DFND 3 600 0 0
CPFL ENERGIA S A ADR 126153105 2,387 138,400 SH   DFND 3 138,400 0 0
CREE COM 225447101 722 12,000 SH   DFND 3 12,000 0 0
CROWN CASTLE INTL COM 228227104 657 9,000 SH   DFND 3 9,000 0 0
CROWN HOLDINGS COM 228368106 190 4,500 SH   DFND 3 4,500 0 0
CSX COM 126408103 865 33,600 SH   DFND 3 33,600 0 0
CUBESMART COM 229663109 57 3,200 SH   DFND 3 3,200 0 0
CUBESMART COM 229663109 98,917 5,544,683 SH   OTR 3 0 5,544,683 0
CUMMINS COM 231021106 12,583 94,700 SH   DFND 3 94,700 0 0
CVS CAREMARK COM 126650100 2,217 39,074 SH   DFND 3 39,074 0 0
CVS CAREMARK COM 126650100 316 5,575 SH   OTR 3 0 5,575 0
CYRUSONE COM 23283R100 10 500 SH   DFND 3 500 0 0
D R HORTON COM 23331A109 2,873 147,866 SH   DFND 3 147,866 0 0
DANAHER CORP COM 235851102 1,899 27,400 SH   DFND 3 27,400 0 0
DARDEN RESTAURANTS COM 237194105 190 4,100 SH   DFND 3 4,100 0 0
DAVITA HEALTHCARE PARTNERS COM 23918K108 296 5,200 SH   DFND 3 5,200 0 0
DCT INDUSTRIAL TRUST COM 233153105 59 8,200 SH   DFND 3 8,200 0 0
DDR COM 23317H102 108 6,858 SH   DFND 3 6,858 0 0
DDR COM 23317H102 215,580 13,722,489 SH   OTR 3 0 13,722,489 0
DEERE & COM 244199105 887 10,900 SH   DFND 3 10,900 0 0
DEERE & COM 244199105 90 1,100 SH   OTR 3 0 1,100 0
DELL COM 24702R101 609 44,300 SH   DFND 3 44,300 0 0
DELPHI AUTOMOTIVE SHS G27823106 7,349 125,800 SH   DFND 3 125,800 0 0
DELPHI AUTOMOTIVE SHS G27823106 4,002 68,500 SH   OTR 3 0 68,500 0
DENBURY RES COM NEW 247916208 243 13,200 SH   DFND 3 13,200 0 0
DENTSPLY INTL INC COM 249030107 213 4,900 SH   DFND 3 4,900 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 11,337 10,000,000 PRN   DFND 4,1,2 10,000,000 0 0
DEVON ENERGY CORP COM 25179M103 676 11,700 SH   DFND 3 11,700 0 0
DEVON ENERGY CORP COM 25179M103 7,307 126,500 SH   OTR 3 0 126,500 0
DIAMOND OFFSHORE DRILLING COM 25271C102 168 2,700 SH   DFND 3 2,700 0 0
DIAMONDROCK HOSPITALITY COM 252784301 55 5,142 SH   DFND 3 5,142 0 0
DIAMONDROCK HOSPITALITY COM 252784301 125,452 11,757,417 SH   OTR 3 0 11,757,417 0
DICKS SPORTING GOODS COM 253393102 123 2,300 SH   DFND 3 2,300 0 0
DIGITAL RLTY TR COM 253868103 372 7,000 SH   DFND 3 7,000 0 0
DIGITAL RLTY TR COM 253868103 77,121 1,452,376 SH   OTR 3 0 1,452,376 0
DIRECTV COM 25490A309 967 16,183 SH   DFND 3 16,183 0 0
DISCOVER FINL COM 254709108 799 15,800 SH   DFND 3 15,800 0 0
DISH NETWORK CL A 25470M109 297 6,600 SH   DFND 3 6,600 0 0
DOLLAR GEN CORP COM 256677105 514 9,100 SH   DFND 3 9,100 0 0
DOLLAR TREE COM 256746108 417 7,300 SH   DFND 3 7,300 0 0
DOMINION RES INC VA COM 25746U109 1,106 17,700 SH   DFND 3 17,700 0 0
DOUGLAS EMMETT COM 25960P109 82 3,500 SH   DFND 3 3,500 0 0
DOUGLAS EMMETT COM 25960P109 90,082 3,838,181 SH   OTR 3 0 3,838,181 0
DOVER COM 260003108 458 5,100 SH   DFND 3 5,100 0 0
DOW CHEM COM 260543103 1,594 41,500 SH   DFND 3 41,500 0 0
DOW CHEM COM 260543103 154 4,000 SH   OTR 3 0 4,000 0
DR PEPPER SNAPPLE GROUP COM 26138E109 270 6,024 SH   DFND 3 6,024 0 0
DR REDDYS LABS ADR 256135203 91 2,400 SH   DFND 3 2,400 0 0
DRESSER-RAND GROUP COM 261608103 2,371 38,000 SH   OTR 3 0 38,000 0
DTE ENERGY COM 233331107 389 5,900 SH   DFND 3 5,900 0 0
DU PONT E I DE NEMOURS & COM 263534109 1,956 33,400 SH   DFND 3 33,400 0 0
DUKE ENERGY CORP COM NEW 26441C204 1,373 20,566 SH   DFND 3 20,566 0 0
DUKE REALTY COM NEW 264411505 253 16,400 SH   DFND 3 16,400 0 0
DUKE REALTY COM NEW 264411505 178,955 11,590,341 SH   OTR 3 0 11,590,341 0
DUN & BRADSTREET CORP DEL COM 26483E100 156 1,500 SH   DFND 3 1,500 0 0
DUPONT FABROS TECHNOLOGY COM 26613Q106 44 1,700 SH   DFND 3 1,700 0 0
E M C CORP COM 268648102 1,707 66,800 SH   DFND 3 66,800 0 0
E M C CORP COM 268648102 166 6,500 SH   OTR 3 0 6,500 0
E M C CORP MASS NOTE 1.750%12/0 268648AM4 8,000 5,000,000 PRN   DFND 4,1,2 5,000,000 0 0
EAGLE MATERIALS COM 26969P108 145 2,000 SH   OTR 3 0 2,000 0
EASTGROUP PPTY COM 277276101 47 800 SH   DFND 3 800 0 0
EASTMAN CHEM COM 277432100 857 11,000 SH   DFND 3 11,000 0 0
EATON CORP SHS G29183103 1,869 27,148 SH   DFND 3 27,148 0 0
EBAY COM 278642103 111 2,000 SH   DFND 1,2 2,000 0 0
EBAY COM 278642103 2,846 51,000 SH   DFND 3 51,000 0 0
ECOLAB COM 278865100 770 7,800 SH   DFND 3 7,800 0 0
EDISON COM 281020107 424 9,200 SH   DFND 3 9,200 0 0
EDUCATION RLTY TR COM 28140H104 26 2,900 SH   DFND 3 2,900 0 0
EDUCATION RLTY TR COM 28140H104 12,738 1,399,760 SH   OTR 3 0 1,399,760 0
EDWARDS LIFESCIENCES COM 28176E108 230 3,300 SH   DFND 3 3,300 0 0
ELECTRONIC ARTS COM 285512109 215 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 42 1,300 SH   DFND 3 1,300 0 0
EMBRAER S A SP ADR REP COM 29082A107 4,396 135,400 SH   DFND 3 135,400 0 0
EMERSON ELEC COM 291011104 1,805 27,900 SH   DFND 3 27,900 0 0
EMPRESA NACIONAL DE ELCTRCID ADR 29244T101 21 500 SH   DFND 3 500 0 0
ENERGEN COM 29265N108 160 2,100 SH   DFND 3 2,100 0 0
ENERGIZER HLDGS COM 29266R108 173 1,900 SH   DFND 3 1,900 0 0
ENERNOC COM 292764107 210 14,000 SH   DFND 3 14,000 0 0
ENERSIS S A ADR 29274F104 29 1,800 SH   DFND 3 1,800 0 0
ENERSYS NOTE 3.375% 6/0 29275YAA0 12,115 7,771,000 PRN   DFND 4,1,2 7,771,000 0 0
ENPRO INDS INC DBCV 3.938%10/1 29355XAB3 17,523 9,500,000 PRN   DFND 4,1,2 9,500,000 0 0
ENSCO PLC CLASS A G3157S106 409 7,600 SH   DFND 3 7,600 0 0
ENTERGY CORP COM 29364G103 329 5,200 SH   DFND 3 5,200 0 0
EOG RES COM 26875P101 1,388 8,200 SH   DFND 3 8,200 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307 59 2,000 SH   OTR 3 0 2,000 0
EQT COM 26884L109 417 4,700 SH   DFND 3 4,700 0 0
EQUIFAX COM 294429105 180 3,000 SH   DFND 3 3,000 0 0
EQUINIX COM NEW 29444U502 275 1,500 SH   DFND 3 1,500 0 0
EQUITY COM 294752100 37 1,700 SH   DFND 3 1,700 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 72 2,100 SH   DFND 3 2,100 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 2,543 74,422 SH   OTR 3 0 74,422 0
ESSEX PPTY TR COM 297178105 155 1,050 SH   DFND 3 1,050 0 0
ESSEX PPTY TR COM 297178105 124,168 840,679 SH   OTR 3 0 840,679 0
EVEREST RE GROUP COM G3223R108 218 1,500 SH   DFND 3 1,500 0 0
EXCEL TR COM 30068C109 14 1,200 SH   DFND 3 1,200 0 0
EXELON COM 30161N101 757 25,526 SH   DFND 3 25,526 0 0
EXPEDIA INC COM NEW 30212P303 159 3,075 SH   DFND 3 3,075 0 0
EXPEDITORS INTL WASH COM 302130109 264 6,000 SH   DFND 3 6,000 0 0
EXPRESS SCRIPTS HLDG COM 30219G108 1,529 24,745 SH   DFND 3 24,745 0 0
EXTRA SPACE STORAGE COM 30225T102 124 2,700 SH   DFND 3 2,700 0 0
EXTRA SPACE STORAGE COM 30225T102 163,539 3,574,615 SH   OTR 3 0 3,574,615 0
EXXON MOBIL COM 30231G102 11,485 133,481 SH   DFND 3 133,481 0 0
EXXON MOBIL COM 30231G102 407 4,734 SH   OTR 3 0 4,734 0
F M C COM NEW 302491303 316 4,400 SH   DFND 3 4,400 0 0
F5 NETWORKS COM 315616102 197 2,300 SH   DFND 3 2,300 0 0
FACEBOOK CL A 30303M102 2,491 49,600 SH   DFND 3 49,600 0 0
FAMILY DLR STORES COM 307000109 216 3,000 SH   DFND 3 3,000 0 0
FAMILY DLR STORES COM 307000109 3,875 53,800 SH   OTR 3 0 53,800 0
FASTENAL COM 311900104 1,020 20,300 SH   DFND 3 20,300 0 0
FEDEX COM 31428X106 1,529 13,400 SH   DFND 3 13,400 0 0
FEDEX COM 31428X106 9,562 83,800 SH   OTR 3 0 83,800 0
FELCOR LODGING TR COM 31430F101 19 3,100 SH   DFND 3 3,100 0 0
FIBRIA CELULOSE S A SP ADR COM 31573A109 14 1,200 SH   DFND 3 1,200 0 0
FIBRIA CELULOSE S A SP ADR COM 31573A109 2,524 219,100 SH   DFND 3 219,100 0 0
FIDELITY NATIONAL CL A 31620R105 179 6,738 SH   DFND 3 6,738 0 0
FIDELITY NATL INFORMATION COM 31620M106 387 8,329 SH   DFND 3 8,329 0 0
FIFTH THIRD COM 316773100 509 28,200 SH   DFND 3 28,200 0 0
FIRST INDUSTRIAL REALTY COM 32054K103 42 2,600 SH   DFND 3 2,600 0 0
FIRST INDUSTRIAL REALTY COM 32054K103 83,156 5,111,017 SH   OTR 3 0 5,111,017 0
FIRST POTOMAC RLTY COM 33610F109 19 1,500 SH   DFND 3 1,500 0 0
FIRST SOLAR COM 336433107 221 5,500 SH   DFND 3 5,500 0 0
FIRSTENERGY COM 337932107 468 12,835 SH   DFND 3 12,835 0 0
FISERV COM 337738108 424 4,200 SH   DFND 3 4,200 0 0
FLEXTRONICS INTL ORD Y2573F102 214 23,500 SH   DFND 3 23,500 0 0
FLIR SYS COM 302445101 188 6,000 SH   DFND 3 6,000 0 0
FLOWSERVE COM 34354P105 281 4,500 SH   DFND 3 4,500 0 0
FLUOR CORP COM 343412102 334 4,700 SH   DFND 3 4,700 0 0
FMC TECHNOLOGIES COM 30249U101 410 7,400 SH   DFND 3 7,400 0 0
FORD MTR CO DEL NOTE 4.250%12/1 345370CF5 10,863 5,650,000 PRN   DFND 4,1,2 5,650,000 0 0
FOREST LABS COM 345838106 312 7,300 SH   DFND 3 7,300 0 0
FOSSIL GROUP COM 34988V106 174 1,500 SH   DFND 3 1,500 0 0
FRANKLIN RES COM 354613101 637 12,600 SH   DFND 3 12,600 0 0
FRANKLIN RES COM 354613101 7,416 146,700 SH   OTR 3 0 146,700 0
FRANKLIN STREET PPTYS COM 35471R106 28 2,200 SH   DFND 3 2,200 0 0
FREEPORT-MCMORAN COPPER & COM 35671D857 1,022 30,908 SH   DFND 3 30,908 0 0
FRONTIER COMMUNICATIONS COM 35906A108 141 33,763 SH   DFND 3 33,763 0 0
GAMESTOP CORP CL A 36467W109 149 3,000 SH   DFND 3 3,000 0 0
GAP INC COM 364760108 1,257 31,200 SH   DFND 3 31,200 0 0
GARMIN SHS H2906T109 154 3,400 SH   DFND 3 3,400 0 0
GENERAL DYNAMICS COM 369550108 805 9,200 SH   DFND 3 9,200 0 0
GENERAL DYNAMICS COM 369550108 219 2,500 SH   OTR 3 0 2,500 0
GENERAL ELECTRIC COM 369604103 17,031 712,900 SH   DFND 3 712,900 0 0
GENERAL ELECTRIC COM 369604103 413 17,300 SH   OTR 3 0 17,300 0
GENERAL GROWTH PPTYS INC COM 370023103 554 28,728 SH   DFND 3 28,728 0 0
GENERAL GROWTH PPTYS INC COM 370023103 334,054 17,317,463 SH   OTR 3 0 17,317,463 0
GENERAL MLS COM 370334104 915 19,100 SH   DFND 3 19,100 0 0
GENERAL MTRS COM 37045V100 813 22,600 SH   DFND 3 22,600 0 0
GENERAL MTRS COM 37045V100 62 6,000 SH   DFND 4,1,2 6,000 0 0
GENERAL MTRS COM 37045V100 75 4,500 SH   DFND 4,1,2 4,500 0 0
GENERAL MTRS COM 37045V100 14,259 396,400 SH   OTR 3 0 396,400 0
GENERAL MTRS CO JR PFD CNV SRB 37045V209 25,097 500,000 SH   DFND 4,1,2 500,000 0 0
GENUINE PARTS COM 372460105 380 4,700 SH   DFND 3 4,700 0 0
GEO GROUP COM 36159R103 63 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 100 11,000 SH   DFND 3 11,000 0 0
GILEAD SCIENCES COM 375558103 2,949 46,900 SH   DFND 3 46,900 0 0
GLADSTONE COML COM 376536108 5 300 SH   DFND 3 300 0 0
GNC HLDGS INC CL A 36191G107 120 2,200 SH   DFND 3 2,200 0 0
GOLD FIELDS LTD NEW ADR 38059T106 21 4,700 SH   DFND 3 4,700 0 0
GOLDMAN SACHS GROUP COM 38141G104 2,025 12,800 SH   DFND 3 12,800 0 0
GOLDMAN SACHS GROUP COM 38141G104 174 1,100 SH   OTR 3 0 1,100 0
GOOGLE CL A 38259P508 175 200 SH   DFND 1,2 200 0 0
GOOGLE CL A 38259P508 8,540 9,750 SH   DFND 3 9,750 0 0
GRAINGER W W COM 384802104 471 1,800 SH   DFND 3 1,800 0 0
GRAMERCY PPTY TR COM 38489R100 4 1,000 SH   DFND 3 1,000 0 0
GREEN MTN COFFEE ROASTERS COM 393122106 264 3,500 SH   DFND 3 3,500 0 0
GRUPO AEROPORTUARIO CTR NORT ADR 400501102 40 1,500 SH   DFND 3 1,500 0 0
GRUPO AEROPORTUARIO CTR NORT ADR 400501102 93 3,500 SH   DFND 3 3,500 0 0
GRUPO TELEVISA SA SPON ADR ORD 40049J206 129 4,600 SH   DFND 3 4,600 0 0
GRUPO TELEVISA SA SPON ADR ORD 40049J206 120 4,300 SH   DFND 3 4,300 0 0
HALLIBURTON COM 406216101 1,252 26,000 SH   DFND 3 26,000 0 0
HANESBRANDS COM 410345102 212 3,400 SH   OTR 3 0 3,400 0
HARLEY DAVIDSON COM 412822108 437 6,800 SH   DFND 3 6,800 0 0
HARMONY GOLD MNG LTD ADR 413216300 8 2,500 SH   DFND 3 2,500 0 0
HARRIS CORP COM 413875105 202 3,400 SH   DFND 3 3,400 0 0
HARTFORD FINL SVCS GROUP COM 416515104 433 13,900 SH   DFND 3 13,900 0 0
HARTFORD FINL SVCS GROUP COM 416515104 249 8,000 SH   OTR 3 0 8,000 0
HASBRO COM 418056107 184 3,900 SH   DFND 3 3,900 0 0
HAWAIIAN HOLDINGS INC NOTE 5.000% 3/1 419879AD3 2,617 2,250,000 PRN   DFND 4,1,2 2,250,000 0 0
HCA HOLDINGS COM 40412C101 338 7,900 SH   DFND 3 7,900 0 0
HCP COM 40414L109 1,061 25,900 SH   DFND 3 25,900 0 0
HCP COM 40414L109 299,196 7,306,374 SH   OTR 3 0 7,306,374 0
HDFC BANK LTD ADR REPS SHS 40415F101 292 9,500 SH   DFND 3 9,500 0 0
HEALTH CARE REIT COM 42217K106 992 15,900 SH   DFND 3 15,900 0 0
HEALTH CARE REIT COM 42217K106 316,143 5,068,025 SH   OTR 3 0 5,068,025 0
HEALTH NET COM 42222G108 5,896 186,000 SH   OTR 3 0 186,000 0
HEALTHCARE RLTY COM 421946104 60 2,600 SH   DFND 3 2,600 0 0
HEALTHCARE TR AMER CL A 42225P105 46 4,400 SH   DFND 3 4,400 0 0
HEALTHCARE TR AMER CL A 42225P105 100,348 9,538,744 SH   OTR 3 0 9,538,744 0
HELMERICH & PAYNE COM 423452101 214 3,100 SH   DFND 3 3,100 0 0
HELMERICH & PAYNE COM 423452101 90 1,300 SH   OTR 3 0 1,300 0
HERBALIFE LTD COM SHS G4412G101 167 2,400 SH   DFND 3 2,400 0 0
HERSHEY COM 427866108 444 4,800 SH   DFND 3 4,800 0 0
HERTZ GLOBAL HOLDINGS COM 42805T105 273 12,300 SH   DFND 3 12,300 0 0
HESS COM 42809H107 719 9,300 SH   DFND 3 9,300 0 0
HEWLETT PACKARD COM 428236103 6,400 304,900 SH   DFND 3 304,900 0 0
HEWLETT PACKARD COM 428236103 78 3,700 SH   OTR 3 0 3,700 0
HEXCEL CORP COM 428291108 632 16,300 SH   DFND 3 16,300 0 0
HIGHWOODS PPTYS COM 431284108 85 2,400 SH   DFND 3 2,400 0 0
HIGHWOODS PPTYS COM 431284108 52,454 1,485,540 SH   OTR 3 0 1,485,540 0
HOLLYFRONTIER COM 436106108 248 5,900 SH   DFND 3 5,900 0 0
HOLOGIC COM 436440101 169 8,200 SH   DFND 3 8,200 0 0
HOME DEPOT COM 437076102 3,330 43,900 SH   DFND 3 43,900 0 0
HOME PROPERTIES COM 437306103 87 1,500 SH   DFND 3 1,500 0 0
HOME PROPERTIES COM 437306103 193,528 3,351,128 SH   OTR 3 0 3,351,128 0
HONEYWELL INTL COM 438516106 2,558 30,800 SH   DFND 3 30,800 0 0
HORMEL FOODS COM 440452100 152 3,600 SH   DFND 3 3,600 0 0
HOSPIRA COM 441060100 181 4,620 SH   DFND 3 4,620 0 0
HOST HOTELS & RESORTS COM 44107P104 734 41,558 SH   DFND 3 41,558 0 0
HOST HOTELS & RESORTS COM 44107P104 408,013 23,090,693 SH   OTR 3 0 23,090,693 0
HUANENG PWR INTL INC SPON ADR SHS 443304100 56 1,400 SH   DFND 3 1,400 0 0
HUDSON CITY COM 443683107 169 18,700 SH   DFND 3 18,700 0 0
HUDSON PAC PPTYS COM 444097109 23 1,200 SH   DFND 3 1,200 0 0
HUMANA COM 444859102 457 4,900 SH   DFND 3 4,900 0 0
HUNT J B TRANS SVCS COM 445658107 204 2,800 SH   DFND 3 2,800 0 0
HUNTINGTON BANCSHARES COM 446150104 166 20,100 SH   OTR 3 0 20,100 0
ICICI BK ADR 45104G104 241 7,900 SH   DFND 3 7,900 0 0
ICICI BK ADR 45104G104 5,855 192,100 SH   DFND 3 192,100 0 0
IHS CL A 451734107 160 1,400 SH   DFND 3 1,400 0 0
ILLINOIS TOOL WKS COM 452308109 961 12,600 SH   DFND 3 12,600 0 0
ILLINOIS TOOL WKS COM 452308109 4,271 56,000 SH   OTR 3 0 56,000 0
ILLUMINA COM 452327109 291 3,600 SH   DFND 3 3,600 0 0
INFOSYS LTD ADR 456788108 106 2,200 SH   DFND 3 2,200 0 0
INFOSYS LTD ADR 456788108 1,963 40,800 SH   DFND 3 40,800 0 0
INGERSOLL-RAND SHS G47791101 587 9,044 SH   DFND 3 9,044 0 0
INLAND REAL ESTATE COM NEW 457461200 24 2,300 SH   DFND 3 2,300 0 0
INTEGRYS ENERGY GROUP COM 45822P105 123 2,200 SH   DFND 3 2,200 0 0
INTEL COM 458140100 3,422 149,300 SH   DFND 3 149,300 0 0
INTEL COM 458140100 573 25,000 SH   DFND 4,1,2 25,000 0 0
INTEL COM 458140100 10,337 451,000 SH   OTR 3 0 451,000 0
INTERCONTINENTALEXCHANGE COM 45865V100 399 2,200 SH   DFND 3 2,200 0 0
INTERNATIONAL COM 459506101 165 2,000 SH   DFND 3 2,000 0 0
INTERNATIONAL BUSINESS COM 459200101 7,185 38,800 SH   DFND 3 38,800 0 0
INTERNATIONAL BUSINESS COM 459200101 296 1,600 SH   OTR 3 0 1,600 0
INTERNATIONAL GAME COM 459902102 165 8,700 SH   DFND 3 8,700 0 0
INTERPUBLIC GROUP COS COM 460690100 194 11,300 SH   DFND 3 11,300 0 0
INTERXION HOLDING SHS N47279109 78 3,500 SH   DFND 3 3,500 0 0
INTL PAPER COM 460146103 5,470 122,100 SH   DFND 3 122,100 0 0
INTUIT COM 461202103 564 8,500 SH   DFND 3 8,500 0 0
INTUITIVE SURGICAL COM NEW 46120E602 452 1,200 SH   DFND 3 1,200 0 0
INVESCO SHS G491BT108 439 13,750 SH   DFND 3 13,750 0 0
IRON MTN COM 462846106 132 4,877 SH   DFND 3 4,877 0 0
ITC HLDGS COM 465685105 357 3,800 SH   DFND 3 3,800 0 0
ITRON COM 465741106 150 3,500 SH   DFND 3 3,500 0 0
ITRON COM 465741106 428 10,000 SH   OTR 3 0 10,000 0
JACOBS ENGR GROUP INC COM 469814107 268 4,600 SH   DFND 3 4,600 0 0
JAKKS PAC COM 47012E106 7 132 SH   DFND 4,1,2 132 0 0
JAKKS PAC COM 47012E106 7 571 SH   DFND 4,1,2 571 0 0
JAKKS PAC COM 47012E106 90 978 SH   DFND 4,1,2 978 0 0
JAKKS PAC COM 47012E106 68 2,000 SH   DFND 4,1,2 2,000 0 0
JAMES RIVER COAL COM NEW 470355207 110 2,000 SH   DFND 4,1,2 2,000 0 0
JAMES RIVER COAL COM NEW 470355207 75 1,189 SH   DFND 4,1,2 1,189 0 0
JETBLUE AIRWAYS COM 477143101 10 5,267 SH   DFND 4,1,2 5,267 0 0
JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AF8 18,853 13,000,000 PRN   DFND 4,1,2 13,000,000 0 0
JOHNSON & COM 478160104 7,490 86,400 SH   DFND 3 86,400 0 0
JOHNSON & COM 478160104 165 1,900 SH   OTR 3 0 1,900 0
JOHNSON CTLS COM 478366107 876 21,100 SH   DFND 3 21,100 0 0
JOY GLOBAL COM 481165108 158 3,100 SH   DFND 3 3,100 0 0
JPMORGAN CHASE & COM 46625H100 20,553 397,620 SH   DFND 3 397,620 0 0
JPMORGAN CHASE & COM 46625H100 5,185 100,300 SH   OTR 3 0 100,300 0
JUNIPER NETWORKS COM 48203R104 280 14,100 SH   DFND 3 14,100 0 0
KANSAS CITY COM NEW 485170302 361 3,300 SH   DFND 3 3,300 0 0
KB FINANCIAL GROUP INC ADR 48241A105 249 7,100 SH   DFND 3 7,100 0 0
KBR COM 48242W106 150 4,600 SH   DFND 3 4,600 0 0
KELLOGG COM 487836108 452 7,700 SH   DFND 3 7,700 0 0
KEYCORP COM 493267108 331 29,000 SH   DFND 3 29,000 0 0
KILROY RLTY COM 49427F108 110 2,200 SH   DFND 3 2,200 0 0
KILROY RLTY COM 49427F108 190,937 3,822,565 SH   OTR 3 0 3,822,565 0
KIMBERLY CLARK COM 494368103 1,084 11,500 SH   DFND 3 11,500 0 0
KIMCO RLTY COM 49446R109 510 25,250 SH   DFND 3 25,250 0 0
KIMCO RLTY COM 49446R109 156,458 7,753,111 SH   OTR 3 0 7,753,111 0
KINDER MORGAN INC COM 49456B101 740 20,800 SH   DFND 3 20,800 0 0
KINDER MORGAN MANAGEMENT SHS 49455U100 198 2,644 SH   DFND 3 2,644 0 0
KITE RLTY GROUP COM 49803T102 12 2,100 SH   DFND 3 2,100 0 0
KLA-TENCOR COM 482480100 316 5,200 SH   DFND 3 5,200 0 0
KOHLS COM 500255104 305 5,900 SH   DFND 3 5,900 0 0
KOREA ELECTRIC PWR ADR 500631106 124 8,800 SH   DFND 3 8,800 0 0
KRAFT FOODS GROUP COM 50076Q106 934 17,803 SH   DFND 3 17,803 0 0
KROGER COM 501044101 621 15,400 SH   DFND 3 15,400 0 0
KT CORP ADR 48268K101 17 1,000 SH   DFND 3 1,000 0 0
L BRANDS COM 501797104 458 7,500 SH   DFND 3 7,500 0 0
L-3 COMMUNICATIONS HLDGS COM 502424104 293 3,100 SH   DFND 3 3,100 0 0
L-3 COMMUNICATIONS HLDGS COM 502424104 180 1,900 SH   OTR 3 0 1,900 0
LABORATORY CORP AMER COM NEW 50540R409 248 2,500 SH   DFND 3 2,500 0 0
LABORATORY CORP AMER COM NEW 50540R409 7,723 77,900 SH   OTR 3 0 77,900 0
LAM RESEARCH COM 512807108 256 5,000 SH   DFND 3 5,000 0 0
LAS VEGAS SANDS COM 517834107 837 12,600 SH   DFND 3 12,600 0 0
LATAM AIRLS GROUP S A ADR 51817R106 35 2,300 SH   DFND 3 2,300 0 0
LATAM AIRLS GROUP S A ADR 51817R106 131 8,700 SH   DFND 3 8,700 0 0
LAUDER ESTEE COS CL A 518439104 702 10,040 SH   DFND 3 10,040 0 0
LEGG MASON COM 524901105 139 4,150 SH   DFND 3 4,150 0 0
LEGGETT & PLATT COM 524660107 151 5,000 SH   DFND 3 5,000 0 0
LENNAR CL A 526057104 138 3,900 SH   DFND 3 3,900 0 0
LEUCADIA NATL COM 527288104 283 10,400 SH   DFND 3 10,400 0 0
LEVEL 3 COMMUNICATIONS COM NEW 52729N308 115 4,300 SH   DFND 3 4,300 0 0
LEXINGTON REALTY COM 529043101 57 5,046 SH   DFND 3 5,046 0 0
LIBERTY GLOBAL PLC CL A G5480U104 468 5,903 SH   DFND 3 5,903 0 0
LIBERTY MEDIA CORP CL A 531229102 427 2,900 SH   DFND 3 2,900 0 0
LIFE TECHNOLOGIES COM 53217V109 394 5,263 SH   DFND 3 5,263 0 0
LILLY ELI & COM 532457108 1,530 30,400 SH   DFND 3 30,400 0 0
LINCOLN NATL CORP COM 534187109 321 7,649 SH   DFND 3 7,649 0 0
LINEAR TECHNOLOGY COM 535678106 282 7,100 SH   DFND 3 7,100 0 0
LINEAR TECHNOLOGY COM 535678106 126 250 SH   DFND 4,1,2 250 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 14,561 13,600,000 PRN   DFND 4,1,2 13,600,000 0 0
LINKEDIN CORP CL A 53578A108 369 1,500 SH   DFND 1,2 1,500 0 0
LINKEDIN CORP CL A 53578A108 714 2,900 SH   DFND 3 2,900 0 0
LIQUIDITY SERVICES COM 53635B107 40 1,200 SH   DFND 3 1,200 0 0
LIVE NATION ENTERTAINMENT COM 538034109 5,507 296,900 SH   OTR 3 0 296,900 0
LKQ COM 501889208 233 7,300 SH   DFND 3 7,300 0 0
LOCKHEED MARTIN COM 539830109 1,020 8,000 SH   DFND 3 8,000 0 0
LOEWS COM 540424108 458 9,800 SH   DFND 3 9,800 0 0
LORILLARD COM 544147101 506 11,300 SH   DFND 3 11,300 0 0
LOWES COS COM 548661107 14,621 307,100 SH   DFND 3 307,100 0 0
LSI COM 502161102 137 17,500 SH   DFND 3 17,500 0 0
LTC PPTYS COM 502175102 34 900 SH   DFND 3 900 0 0
LULULEMON ATHLETICA COM 550021109 219 3,000 SH   DFND 3 3,000 0 0
M & T BK COM 55261F104 4,980 44,500 SH   DFND 3 44,500 0 0
MACERICH COM 554382101 477 8,445 SH   DFND 3 8,445 0 0
MACERICH COM 554382101 187,382 3,320,026 SH   OTR 3 0 3,320,026 0
MACK CALI RLTY COM 554489104 48 2,200 SH   DFND 3 2,200 0 0
MACK CALI RLTY COM 554489104 106,895 4,872,152 SH   OTR 3 0 4,872,152 0
MACYS COM 55616P104 502 11,598 SH   DFND 3 11,598 0 0
MANPOWERGROUP COM 56418H100 1,193 16,400 SH   DFND 3 16,400 0 0
MARATHON OIL COM 565849106 722 20,700 SH   DFND 3 20,700 0 0
MARATHON PETE COM 56585A102 627 9,750 SH   DFND 3 9,750 0 0
MARATHON PETE COM 56585A102 116 1,800 SH   OTR 3 0 1,800 0
MARRIOTT INTL INC CL A 571903202 329 7,817 SH   DFND 3 7,817 0 0
MARSH & MCLENNAN COS COM 571748102 719 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 144 12,500 SH   DFND 3 12,500 0 0
MASCO COM 574599106 230 10,800 SH   DFND 3 10,800 0 0
MASTEC COM 576323109 279 9,200 SH   DFND 3 9,200 0 0
MASTERCARD CL A 57636Q104 2,086 3,100 SH   DFND 3 3,100 0 0
MASTERCARD CL A 57636Q104 10,892 16,190 SH   OTR 3 0 16,190 0
MATTEL COM 577081102 444 10,600 SH   DFND 3 10,600 0 0
MAXIM INTEGRATED PRODS COM 57772K101 271 9,100 SH   DFND 3 9,100 0 0
MCDONALDS COM 580135101 2,925 30,400 SH   DFND 3 30,400 0 0
MCDONALDS COM 580135101 259 2,697 SH   OTR 3 0 2,697 0
MCGRAW HILL FINL COM 580645109 531 8,100 SH   DFND 3 8,100 0 0
MCKESSON COM 58155Q103 924 7,200 SH   DFND 3 7,200 0 0
MDU RES GROUP COM 552690109 221 7,900 SH   DFND 3 7,900 0 0
MEAD JOHNSON NUTRITION COM 582839106 446 6,000 SH   DFND 3 6,000 0 0
MEADWESTVACO COM 583334107 203 5,300 SH   DFND 3 5,300 0 0
MECHEL OAO ADR 583840103 9 2,700 SH   DFND 3 2,700 0 0
MEDICAL PPTYS TRUST COM 58463J304 51 4,200 SH   DFND 3 4,200 0 0
MEDTRONIC COM 585055106 1,619 30,400 SH   DFND 3 30,400 0 0
MERCADOLIBRE COM 58733R102 134 1,000 SH   DFND 1,2 1,000 0 0
MERCK & CO INC COM 58933Y105 4,273 89,758 SH   DFND 3 89,758 0 0
MERCK & CO INC COM 58933Y105 252 5,300 SH   OTR 3 0 5,300 0
METLIFE COM 59156R108 1,413 30,100 SH   DFND 3 30,100 0 0
MGM RESORTS COM 552953101 215 10,500 SH   DFND 3 10,500 0 0
MICHAEL KORS HLDGS SHS G60754101 395 5,300 SH   DFND 3 5,300 0 0
MICROCHIP TECHNOLOGY COM 595017104 492 12,200 SH   DFND 3 12,200 0 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 31,347 20,000,000 PRN   DFND 4,1,2 20,000,000 0 0
MICRON TECHNOLOGY COM 595112103 568 32,500 SH   DFND 3 32,500 0 0
MICRON TECHNOLOGY INC NOTE 1.875% 6/0 595112AH6 6,371 5,000,000 PRN   DFND 4,1,2 5,000,000 0 0
MICRON TECHNOLOGY INC NOTE 1.875% 8/0 595112AR4 5,156 2,750,000 PRN   DFND 4,1,2 2,750,000 0 0
MICRON TECHNOLOGY INC NOTE 3.125% 5/0 595112AX1 14,199 7,500,000 PRN   DFND 4,1,2 7,500,000 0 0
MICROSOFT COM 594918104 7,874 236,600 SH   DFND 3 236,600 0 0
MICROSOFT COM 594918104 379 11,400 SH   OTR 3 0 11,400 0
MID-AMER APT CMNTYS COM 59522J103 75 1,200 SH   DFND 3 1,200 0 0
MOBILE TELESYSTEMS OJSC ADR 607409109 316 14,200 SH   DFND 3 14,200 0 0
MOBILE TELESYSTEMS OJSC ADR 607409109 2,604 117,000 SH   OTR 3 0 117,000 0
MOHAWK INDS COM 608190104 274 2,100 SH   DFND 3 2,100 0 0
MOLINA HEALTHCARE INC NOTE 3.750%10/0 60855RAA8 3,077 2,500,000 PRN   DFND 4,1,2 2,500,000 0 0
MOLYCORP INC COM 608753109 393 60,000 SH   DFND 4,1,2 60,000 0 0
MOLYCORP INC DEL NOTE 6.000% 9/0 608753AF6 1,602 2,000,000 PRN   DFND 4,1,2 2,000,000 0 0
MONDELEZ INTL CL A 609207105 1,703 54,211 SH   DFND 3 54,211 0 0
MONMOUTH REAL ESTATE INVT CL A 609720107 10 1,100 SH   DFND 3 1,100 0 0
MONSANTO CO COM 61166W101 1,691 16,206 SH   DFND 3 16,206 0 0
MONSANTO CO COM 61166W101 125 1,200 SH   OTR 3 0 1,200 0
MONSTER BEVERAGE COM 611740101 225 4,300 SH   DFND 3 4,300 0 0
MOODYS COM 615369105 450 6,400 SH   DFND 3 6,400 0 0
MORGAN COM NEW 617446448 1,183 43,900 SH   DFND 3 43,900 0 0
MOSAIC CO COM 61945C103 374 8,700 SH   DFND 3 8,700 0 0
MOTOROLA SOLUTIONS COM NEW 620076307 464 7,813 SH   DFND 3 7,813 0 0
MURPHY OIL COM 626717102 350 5,800 SH   DFND 3 5,800 0 0
MYLAN COM 628530107 431 11,300 SH   DFND 3 11,300 0 0
NABORS INDUSTRIES SHS G6359F103 181 11,300 SH   DFND 3 11,300 0 0
NASDAQ OMX GROUP COM 631103108 173 5,400 SH   DFND 3 5,400 0 0
NATIONAL HEALTH INVS COM 63633D104 40 700 SH   DFND 3 700 0 0
NATIONAL OILWELL VARCO COM 637071101 1,018 13,033 SH   DFND 3 13,033 0 0
NATIONAL OILWELL VARCO COM 637071101 11,974 153,300 SH   OTR 3 0 153,300 0
NATIONAL RETAIL PPTYS COM 637417106 99 3,100 SH   DFND 3 3,100 0 0
NATIONAL RETAIL PPTYS COM 637417106 98,982 3,110,682 SH   OTR 3 0 3,110,682 0
NETAPP COM 64110D104 477 11,200 SH   DFND 3 11,200 0 0
NETAPP COM 64110D104 166 3,900 SH   OTR 3 0 3,900 0
NETFLIX COM 64110L106 433 1,400 SH   DFND 3 1,400 0 0
NEW YORK CMNTY BANCORP COM 649445103 195 12,900 SH   DFND 3 12,900 0 0
NEWELL RUBBERMAID COM 651229106 256 9,300 SH   DFND 3 9,300 0 0
NEWMONT MINING COM 651639106 410 14,600 SH   DFND 3 14,600 0 0
NEWMONT MINING COM 651639106 81 2,900 SH   OTR 3 0 2,900 0
NEWPARK RES INC NOTE 4.000%10/0 651718AC2 10,429 7,491,000 PRN   DFND 4,1,2 7,491,000 0 0
NEWS CORP CL A 65249B109 188 11,737 SH   DFND 3 11,737 0 0
NEXTERA ENERGY COM 65339F101 1,010 12,600 SH   DFND 3 12,600 0 0
NEXTERA ENERGY COM 65339F101 197 2,462 SH   OTR 3 0 2,462 0
NIELSEN HOLDINGS N COM N63218106 200 5,500 SH   DFND 3 5,500 0 0
NISOURCE COM 65473P105 290 9,400 SH   DFND 3 9,400 0 0
NOBLE ENERGY COM 655044105 5,964 89,000 SH   DFND 3 89,000 0 0
NORDSTROM COM 655664100 287 5,100 SH   DFND 3 5,100 0 0
NORDSTROM COM 655664100 174 3,100 SH   OTR 3 0 3,100 0
NORFOLK SOUTHERN COM 655844108 727 9,400 SH   DFND 3 9,400 0 0
NORFOLK SOUTHERN COM 655844108 186 2,400 SH   OTR 3 0 2,400 0
NORTHEAST COM 664397106 420 10,180 SH   DFND 3 10,180 0 0
NORTHERN TR COM 665859104 397 7,300 SH   DFND 3 7,300 0 0
NORTHROP GRUMMAN COM 666807102 600 6,300 SH   DFND 3 6,300 0 0
NRG ENERGY COM NEW 629377508 298 10,900 SH   DFND 3 10,900 0 0
NRG YIELD INC CL A 62942X108 315 10,400 SH   DFND 3 10,400 0 0
NUANCE COMMUNICATIONS COM 67020Y100 151 8,100 SH   DFND 3 8,100 0 0
NUCOR COM 670346105 500 10,200 SH   DFND 3 10,200 0 0
NVIDIA COM 67066G104 254 16,350 SH   DFND 3 16,350 0 0
NYSE COM 629491101 277 6,600 SH   DFND 3 6,600 0 0
O REILLY AUTOMOTIVE INC COM 67103H107 459 3,600 SH   DFND 3 3,600 0 0
OCCIDENTAL PETE CORP COM 674599105 2,282 24,400 SH   DFND 3 24,400 0 0
OCCIDENTAL PETE CORP COM 674599105 290 3,100 SH   OTR 3 0 3,100 0
OCEANEERING INTL COM 675232102 219 2,700 SH   DFND 3 2,700 0 0
OGE ENERGY COM 670837103 170 4,700 SH   DFND 3 4,700 0 0
OMEGA HEALTHCARE INVS COM 681936100 93 3,100 SH   DFND 3 3,100 0 0
OMNICARE COM 681904108 155 2,800 SH   DFND 3 2,800 0 0
OMNICARE INC NOTE 3.750%12/1 681904AN8 34,107 16,000,000 PRN   DFND 4,1,2 16,000,000 0 0
OMNICOM GROUP COM 681919106 508 8,000 SH   DFND 3 8,000 0 0
ON SEMICONDUCTOR COM 682189105 197 27,000 SH   DFND 3 27,000 0 0
ONE LIBERTY PPTYS COM 682406103 6 300 SH   DFND 3 300 0 0
ONEOK INC COM 682680103 352 6,600 SH   DFND 3 6,600 0 0
ONYX PHARMACEUTICALS COM 683399109 200 1,600 SH   DFND 3 1,600 0 0
OPENTABLE COM 68372A104 349 5,000 SH   DFND 1,2 5,000 0 0
ORACLE COM 68389X105 3,870 116,683 SH   DFND 3 116,683 0 0
ORACLE COM 68389X105 17,169 517,600 SH   OTR 3 0 517,600 0
ORMAT TECHNOLOGIES COM 686688102 230 8,600 SH   DFND 3 8,600 0 0
OWENS CORNING COM 690742101 798 21,000 SH   DFND 3 21,000 0 0
OWENS CORNING COM 690742101 220 5,800 SH   OTR 3 0 5,800 0
OWENS ILL COM NEW 690768403 198 6,600 SH   DFND 3 6,600 0 0
P T TELEKOMUNIKASI INDONESIA ADR 715684106 33 900 SH   DFND 3 900 0 0
PACCAR COM 693718108 570 10,237 SH   DFND 3 10,237 0 0
PALL COM 696429307 277 3,600 SH   DFND 3 3,600 0 0
PANDORA MEDIA COM 698354107 376 15,000 SH   DFND 1,2 15,000 0 0
PARKER HANNIFIN COM 701094104 457 4,200 SH   DFND 3 4,200 0 0
PARKWAY PPTYS COM 70159Q104 18 1,000 SH   DFND 3 1,000 0 0
PARTNERRE COM G6852T105 165 1,800 SH   DFND 3 1,800 0 0
PATTERSON COMPANIES COM 703395103 129 3,200 SH   DFND 3 3,200 0 0
PAYCHEX COM 704326107 374 9,200 SH   DFND 3 9,200 0 0
PEABODY ENERGY COM 704549104 166 9,600 SH   DFND 3 9,600 0 0
PEBBLEBROOK HOTEL COM 70509V100 46 1,600 SH   DFND 3 1,600 0 0
PEBBLEBROOK HOTEL COM 70509V100 70,256 2,447,089 SH   OTR 3 0 2,447,089 0
PENN NATL GAMING COM 707569109 4,351 78,600 SH   OTR 3 0 78,600 0
PENNEY J C COM 708160106 48 5,500 SH   DFND 3 5,500 0 0
PENTAIR SHS H6169Q108 421 6,480 SH   DFND 3 6,480 0 0
PENTAIR SHS H6169Q108 91 1,400 SH   OTR 3 0 1,400 0
PEOPLES UNITED FINANCIAL COM 712704105 214 14,900 SH   DFND 3 14,900 0 0
PEPCO HOLDINGS COM 713291102 118 6,400 SH   DFND 3 6,400 0 0
PEPSICO COM 713448108 3,656 45,985 SH   DFND 3 45,985 0 0
PEPSICO COM 713448108 254 3,200 SH   OTR 3 0 3,200 0
PERRIGO COM 714290103 345 2,800 SH   DFND 3 2,800 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 28 251 SH   DFND 2 251 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 132 1,200 SH   DFND 3 1,200 0 0
PETROLEO BRASILEIRO SA PETRO ADR 71654V408 71 4,600 SH   DFND 3 4,600 0 0
PETROLEO BRASILEIRO SA PETRO ADR 71654V408 8,908 575,100 SH   DFND 3 575,100 0 0
PETSMART COM 716768106 244 3,200 SH   DFND 3 3,200 0 0
PFIZER COM 717081103 17,692 615,921 SH   DFND 3 615,921 0 0
PFIZER COM 717081103 341 11,883 SH   OTR 3 0 11,883 0
PG&E COM 69331C108 540 13,200 SH   DFND 3 13,200 0 0
PHILIP MORRIS INTL COM 718172109 4,226 48,800 SH   DFND 3 48,800 0 0
PHILIP MORRIS INTL COM 718172109 219 2,528 SH   OTR 3 0 2,528 0
PHILIPPINE LONG DISTANCE TEL ADR 718252604 624 9,200 SH   DFND 3 9,200 0 0
PHILLIPS COM 718546104 2,871 49,650 SH   DFND 3 49,650 0 0
PHYSICIANS RLTY COM 71943U104 4 300 SH   DFND 3 300 0 0
PIEDMONT OFFICE REALTY TR IN CL A 720190206 75 4,300 SH   DFND 3 4,300 0 0
PINNACLE WEST CAP COM 723484101 148 2,700 SH   DFND 3 2,700 0 0
PIONEER NAT RES COM 723787107 793 4,200 SH   DFND 3 4,200 0 0
PLUM CREEK TIMBER CO COM 729251108 239 5,100 SH   DFND 3 5,100 0 0
PNC FINL SVCS GROUP COM 693475105 1,130 15,596 SH   DFND 3 15,596 0 0
POLARIS INDS COM 731068102 194 1,500 SH   DFND 3 1,500 0 0
POLYPORE INTL COM 73179V103 168 4,100 SH   DFND 3 4,100 0 0
POSCO ADR 693483109 383 5,200 SH   DFND 3 5,200 0 0
POST PPTYS COM 737464107 63 1,400 SH   DFND 3 1,400 0 0
PPG INDS COM 693506107 735 4,400 SH   DFND 3 4,400 0 0
PPL COM 69351T106 529 17,400 SH   DFND 3 17,400 0 0
PRAXAIR COM 74005P104 1,046 8,700 SH   DFND 3 8,700 0 0
PRECISION CASTPARTS COM 740189105 977 4,300 SH   DFND 3 4,300 0 0
PRICE T ROWE GROUP COM 74144T108 597 8,300 SH   DFND 3 8,300 0 0
PRICELINE COM COM NEW 741503403 1,719 1,700 SH   DFND 3 1,700 0 0
PRINCIPAL FINL GROUP COM 74251V102 7,883 184,100 SH   DFND 3 184,100 0 0
PROASSURANCE COM 74267C106 90 2,000 SH   OTR 3 0 2,000 0
PROCTER & GAMBLE COM 742718109 6,209 82,137 SH   DFND 3 82,137 0 0
PROCTER & GAMBLE COM 742718109 166 2,200 SH   OTR 3 0 2,200 0
PROGRESSIVE CORP COM 743315103 463 17,000 SH   DFND 3 17,000 0 0
PROLOGIS COM 74340W103 1,068 28,384 SH   DFND 3 28,384 0 0
PROLOGIS COM 74340W103 639,917 17,010,014 SH   OTR 3 0 17,010,014 0
PROLOGIS NOTE 3.250% 3/1 743410AY8 2,856 2,497,000 PRN   DFND 4,1,2 2,497,000 0 0
PROSPECT CAPITAL COM 74348T102 52 2,000 SH   DFND 4,1,2 2,000 0 0
PRUDENTIAL FINL COM 744320102 7,564 97,000 SH   DFND 3 97,000 0 0
PRUDENTIAL FINL COM 744320102 382 4,900 SH   OTR 3 0 4,900 0
PS BUSINESS PKS INC COM 69360J107 37 500 SH   DFND 3 500 0 0
PS BUSINESS PKS INC COM 69360J107 3,011 40,350 SH   OTR 3 0 40,350 0
PUBLIC COM 74460D109 1,292 8,050 SH   DFND 3 8,050 0 0
PUBLIC COM 74460D109 567,100 3,532,231 SH   OTR 3 0 3,532,231 0
PUBLIC SVC ENTERPRISE COM 744573106 6,369 193,400 SH   DFND 3 193,400 0 0
PULTE GROUP COM 745867101 185 11,200 SH   DFND 3 11,200 0 0
PVH COM 693656100 285 2,400 SH   DFND 3 2,400 0 0
QEP RES COM 74733V100 141 5,100 SH   DFND 3 5,100 0 0
QIAGEN NV SHS N72482107 158 7,308 SH   DFND 2 7,308 0 0
QUALCOMM COM 747525103 3,514 52,200 SH   DFND 3 52,200 0 0
QUALCOMM COM 747525103 256 3,800 SH   OTR 3 0 3,800 0
QUANTA SVCS COM 74762E102 545 19,800 SH   DFND 3 19,800 0 0
QUEST DIAGNOSTICS COM 74834L100 278 4,500 SH   DFND 3 4,500 0 0
QUEST DIAGNOSTICS COM 74834L100 179 2,900 SH   OTR 3 0 2,900 0
RACKSPACE HOSTING COM 750086100 174 3,300 SH   DFND 3 3,300 0 0
RALPH LAUREN CL A 751212101 297 1,800 SH   DFND 3 1,800 0 0
RANGE RES COM 75281A109 379 5,000 SH   DFND 3 5,000 0 0
RAYMOND JAMES FINANCIAL COM 754730109 113 2,700 SH   DFND 3 2,700 0 0
RAYONIER COM 754907103 167 3,000 SH   DFND 3 3,000 0 0
RAYTHEON COM NEW 755111507 763 9,900 SH   DFND 3 9,900 0 0
REALOGY HLDGS COM 75605Y106 155 3,600 SH   DFND 3 3,600 0 0
REALTY INCOME COM 756109104 392 9,850 SH   DFND 3 9,850 0 0
REALTY INCOME COM 756109104 129,225 3,250,932 SH   OTR 3 0 3,250,932 0
RED HAT COM 756577102 249 5,400 SH   DFND 3 5,400 0 0
REGENCY CTRS COM 758849103 305 6,300 SH   DFND 3 6,300 0 0
REGENCY CTRS COM 758849103 235,724 4,875,366 SH   OTR 3 0 4,875,366 0
REGENERON COM 75886F107 688 2,200 SH   DFND 3 2,200 0 0
REGIONS FINL CORP COM 7591EP100 377 40,735 SH   DFND 3 40,735 0 0
RENAISSANCERE HOLDINGS COM G7496G103 145 1,600 SH   DFND 3 1,600 0 0
REPUBLIC SVCS COM 760759100 290 8,700 SH   DFND 3 8,700 0 0
REPUBLIC SVCS COM 760759100 183 5,500 SH   OTR 3 0 5,500 0
RESMED COM 761152107 190 3,600 SH   DFND 3 3,600 0 0
RETAIL OPPORTUNITY INVTS COM 76131N101 22 1,600 SH   DFND 3 1,600 0 0
RETAIL PPTYS AMER CL A 76131V202 65 4,700 SH   DFND 3 4,700 0 0
RETAIL PPTYS AMER CL A 76131V202 72,444 5,268,679 SH   OTR 3 0 5,268,679 0
REXFORD INDL RLTY COM 76169C100 5 400 SH   DFND 3 400 0 0
REXFORD INDL RLTY COM 76169C100 1,842 136,368 SH   OTR 3 0 136,368 0
REYNOLDS AMERICAN COM 761713106 483 9,900 SH   DFND 3 9,900 0 0
RLJ LODGING COM 74965L101 78 3,300 SH   DFND 3 3,300 0 0
RLJ LODGING COM 74965L101 107,484 4,575,742 SH   OTR 3 0 4,575,742 0
ROBERT HALF INTL COM 770323103 172 4,400 SH   DFND 3 4,400 0 0
ROCK-TENN CL A 772739207 233 2,300 SH   DFND 3 2,300 0 0
ROCKWELL AUTOMATION COM 773903109 460 4,300 SH   DFND 3 4,300 0 0
ROCKWELL COLLINS COM 774341101 305 4,500 SH   DFND 3 4,500 0 0
ROCKWOOD HLDGS COM 774415103 381 5,700 SH   DFND 3 5,700 0 0
ROPER INDS INC COM 776696106 399 3,000 SH   DFND 3 3,000 0 0
ROSS STORES COM 778296103 488 6,700 SH   DFND 3 6,700 0 0
ROSS STORES COM 778296103 109 1,500 SH   OTR 3 0 1,500 0
ROUSE PPTYS COM 779287101 12 607 SH   DFND 3 607 0 0
ROWAN COMPANIES PLC CL A G7665A101 187 5,100 SH   DFND 3 5,100 0 0
ROYAL CARIBBEAN CRUISES COM V7780T103 218 5,700 SH   DFND 3 5,700 0 0
RTI INTL METALS COM 74973W107 426 13,300 SH   DFND 3 13,300 0 0
RYMAN HOSPITALITY PPTYS COM 78377T107 48 1,400 SH   DFND 3 1,400 0 0
SABRA HEALTH CARE REIT COM 78573L106 23 1,000 SH   DFND 3 1,000 0 0
SAFEWAY COM NEW 786514208 227 7,100 SH   DFND 3 7,100 0 0
SAIC COM 78390X101 138 3,025 SH   DFND 3 3,025 0 0
SALESFORCE COM COM 79466L302 882 17,000 SH   DFND 3 17,000 0 0
SANDISK COM 80004C101 417 7,000 SH   DFND 3 7,000 0 0
SASOL LTD ADR 803866300 100 2,100 SH   DFND 3 2,100 0 0
SAUL CTRS COM 804395101 14 300 SH   DFND 3 300 0 0
SBA COMMUNICATIONS COM 78388J106 772 9,600 SH   DFND 3 9,600 0 0
SCANA CORP COM 80589M102 143 3,100 SH   DFND 3 3,100 0 0
SCHEIN HENRY COM 806407102 280 2,700 SH   DFND 3 2,700 0 0
SCHLUMBERGER COM 806857108 3,474 39,317 SH   DFND 3 39,317 0 0
SCHLUMBERGER COM 806857108 179 2,025 SH   OTR 3 0 2,025 0
SCHWAB CHARLES CORP COM 808513105 708 33,500 SH   DFND 3 33,500 0 0
SCRIPPS NETWORKS INTERACT IN CL COM 811065101 211 2,700 SH   DFND 3 2,700 0 0
SEADRILL SHS G7945E105 212 4,700 SH   DFND 3 4,700 0 0
SEAGATE TECHNOLOGY SHS G7945M107 451 10,300 SH   DFND 3 10,300 0 0
SEALED AIR CORP COM 81211K100 150 5,500 SH   DFND 3 5,500 0 0
SEARS HLDGS COM 812350106 97 1,625 SH   DFND 3 1,625 0 0
SEI INVESTMENTS COM 784117103 127 4,100 SH   DFND 3 4,100 0 0
SEMPRA COM 816851109 6,249 73,000 SH   DFND 3 73,000 0 0
SENSATA TECHNOLOGIES HLDG SHS N7902X106 107 2,800 SH   DFND 3 2,800 0 0
SHERWIN WILLIAMS COM 824348106 492 2,700 SH   DFND 3 2,700 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 320 7,900 SH   DFND 3 7,900 0 0
SIGMA ALDRICH COM 826552101 324 3,800 SH   DFND 3 3,800 0 0
SILVER BAY RLTY TR COM 82735Q102 16 1,000 SH   DFND 3 1,000 0 0
SIMON PPTY GROUP INC COM 828806109 2,581 17,411 SH   DFND 3 17,411 0 0
SIMON PPTY GROUP INC COM 828806109 1,235,574 8,335,519 SH   OTR 3 0 8,335,519 0
SIRIUS XM RADIO COM 82967N108 370 95,400 SH   DFND 3 95,400 0 0
SK TELECOM LTD ADR 78440P108 0 3 SH   DFND 2 3 0 0
SK TELECOM LTD ADR 78440P108 32 1,400 SH   DFND 3 1,400 0 0
SL GREEN RLTY COM 78440X101 413 4,650 SH   DFND 3 4,650 0 0
SL GREEN RLTY COM 78440X101 345,159 3,885,171 SH   OTR 3 0 3,885,171 0
SLM COM 78442P106 326 13,100 SH   DFND 3 13,100 0 0
SMUCKER J M COM NEW 832696405 347 3,300 SH   DFND 3 3,300 0 0
SNAP ON COM 833034101 5,045 50,700 SH   OTR 3 0 50,700 0
SOLAZYME COM 83415T101 249 23,100 SH   DFND 3 23,100 0 0
SOLAZYME COM 83415T101 808 75,000 SH   DFND 4,1,2 75,000 0 0
SOLAZYME COM 83415T101 118 1,000 SH   DFND 4,1,2 1,000 0 0
SOLAZYME COM 83415T101 287 1,000 SH   DFND 4,1,2 1,000 0 0
SOLAZYME COM 83415T101 18 500 SH   DFND 4,1,2 500 0 0
SOUTHERN COM 842587107 1,054 25,600 SH   DFND 3 25,600 0 0
SOUTHWEST AIRLS COM 844741108 87 6,000 SH   DFND 3 6,000 0 0
SOUTHWESTERN ENERGY COM 845467109 422 11,600 SH   DFND 3 11,600 0 0
SOVRAN SELF STORAGE COM 84610H108 61 800 SH   DFND 3 800 0 0
SOVRAN SELF STORAGE COM 84610H108 14,175 187,304 SH   OTR 3 0 187,304 0
SPDR GOLD TRUST SHS 78463V107 256 2,000 SH   DFND 3 2,000 0 0
SPECTRA ENERGY COM 847560109 695 20,296 SH   DFND 3 20,296 0 0
SPIRIT AIRLS COM 848577102 374 10,900 SH   DFND 3 10,900 0 0
SPIRIT RLTY CAP INC COM 84860W102 83 9,000 SH   DFND 3 9,000 0 0
SPX COM 784635104 127 1,500 SH   DFND 3 1,500 0 0
ST JUDE MED COM 790849103 477 8,900 SH   DFND 3 8,900 0 0
STAG INDL COM 85254J102 22 1,100 SH   DFND 3 1,100 0 0
STANLEY BLACK & DECKER COM 854502101 410 4,524 SH   DFND 3 4,524 0 0
STAPLES COM 855030102 290 19,800 SH   DFND 3 19,800 0 0
STARBUCKS COM 855244109 307 4,000 SH   DFND 1,2 4,000 0 0
STARBUCKS COM 855244109 1,740 22,600 SH   DFND 3 22,600 0 0
STARWOOD HOTELS&RESORTS COM 85590A401 392 5,900 SH   DFND 3 5,900 0 0
STARWOOD HOTELS&RESORTS COM 85590A401 4,040 60,800 SH   OTR 3 0 60,800 0
STATE STR COM 857477103 2,889 43,943 SH   DFND 3 43,943 0 0
STERICYCLE COM 858912108 300 2,600 SH   DFND 3 2,600 0 0
STEWART ENTERPRISES INC NOTE 3.125% 7/1 860370AH8 5,549 4,480,000 PRN   DFND 4,1,2 4,480,000 0 0
STRATASYS SHS M85548101 1,518 15,000 SH   DFND 1,2 15,000 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 41 4,700 SH   DFND 3 4,700 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 2,203 253,765 SH   OTR 3 0 253,765 0
STRYKER COM 863667101 635 9,400 SH   DFND 3 9,400 0 0
SUMMIT HOTEL COM 866082100 16 1,700 SH   DFND 3 1,700 0 0
SUN CMNTYS COM 866674104 38 900 SH   DFND 3 900 0 0
SUN CMNTYS COM 866674104 252 5,902 SH   OTR 3 0 5,902 0
SUNSTONE HOTEL INVS INC COM 867892101 56 4,370 SH   DFND 3 4,370 0 0
SUNSTONE HOTEL INVS INC COM 867892101 16,817 1,319,984 SH   OTR 3 0 1,319,984 0
SUNTRUST BKS COM 867914103 520 16,048 SH   DFND 3 16,048 0 0
SUPERIOR ENERGY SVCS COM 868157108 105 4,200 SH   DFND 3 4,200 0 0
SYMANTEC COM 871503108 520 21,000 SH   DFND 3 21,000 0 0
SYNOPSYS COM 871607107 185 4,900 SH   DFND 3 4,900 0 0
SYSCO COM 871829107 586 18,400 SH   DFND 3 18,400 0 0
T-MOBILE US COM 872590104 139 5,350 SH   DFND 3 5,350 0 0
TAIWAN SEMICONDUCTOR MFG LTD ADR 874039100 395 23,300 SH   DFND 3 23,300 0 0
TANGER FACTORY OUTLET CTRS COM 875465106 82 2,500 SH   DFND 3 2,500 0 0
TANGER FACTORY OUTLET CTRS COM 875465106 23,285 713,160 SH   OTR 3 0 713,160 0
TARGET COM 87612E106 1,152 18,000 SH   DFND 3 18,000 0 0
TATA MTRS LTD ADR 876568502 133 5,000 SH   DFND 1,2 5,000 0 0
TATA MTRS LTD ADR 876568502 306 11,500 SH   DFND 3 11,500 0 0
TAUBMAN CTRS COM 876664103 114 1,700 SH   DFND 3 1,700 0 0
TD AMERITRADE HLDG COM 87236Y108 160 6,100 SH   DFND 3 6,100 0 0
TE CONNECTIVITY LTD SHS H84989104 7,245 139,925 SH   DFND 3 139,925 0 0
TE CONNECTIVITY LTD SHS H84989104 9,678 186,900 SH   OTR 3 0 186,900 0
TELEFONICA BRASIL SA ADR 87936R106 72 3,200 SH   DFND 3 3,200 0 0
TELEFONICA BRASIL SA ADR 87936R106 3,124 139,235 SH   DFND 3 139,235 0 0
TENET HEALTHCARE COM NEW 88033G407 8,189 198,800 SH   OTR 3 0 198,800 0
TERADATA CORP COM 88076W103 272 4,900 SH   DFND 3 4,900 0 0
TERRENO RLTY COM 88146M101 9 500 SH   DFND 3 500 0 0
TESLA MTRS COM 88160R101 619 3,200 SH   DFND 3 3,200 0 0
TESORO COM 881609101 150 3,400 SH   DFND 3 3,400 0 0
TEXAS INSTRS COM 882508104 1,301 32,300 SH   DFND 3 32,300 0 0
TEXAS INSTRS COM 882508104 3,658 90,800 SH   OTR 3 0 90,800 0
TEXTRON COM 883203101 254 9,200 SH   DFND 3 9,200 0 0
THE ADT COM 00101J106 257 6,312 SH   DFND 3 6,312 0 0
THERMO FISHER SCIENTIFIC COM 883556102 1,023 11,100 SH   DFND 3 11,100 0 0
THERMO FISHER SCIENTIFIC COM 883556102 267 2,894 SH   OTR 3 0 2,894 0
THOMPSON CREEK METALS CO INC UNIT 99/99/9999 884768300 380 20,335 SH   DFND 4,1,2 20,335 0 0
TIFFANY & CO COM 886547108 306 4,000 SH   DFND 3 4,000 0 0
TIFFANY & CO COM 886547108 2,375 31,000 SH   OTR 3 0 31,000 0
TIM PARTICIPACOES S A ADR 88706P205 12 500 SH   DFND 3 500 0 0
TIM PARTICIPACOES S A ADR 88706P205 5,164 219,077 SH   DFND 3 219,077 0 0
TIME WARNER COM NEW 887317303 2,159 32,799 SH   DFND 3 32,799 0 0
TIME WARNER CABLE COM 88732J207 1,045 9,360 SH   DFND 3 9,360 0 0
TIME WARNER CABLE COM 88732J207 89 800 SH   OTR 3 0 800 0
TJX COS INC COM 872540109 5,774 102,400 SH   DFND 3 102,400 0 0
TOLL BROTHERS COM 889478103 204 6,300 SH   DFND 3 6,300 0 0
TORCHMARK COM 891027104 199 2,750 SH   DFND 3 2,750 0 0
TOTAL SYS SVCS COM 891906109 146 4,951 SH   DFND 3 4,951 0 0
TRACTOR SUPPLY COM 892356106 282 4,200 SH   DFND 3 4,200 0 0
TRANSDIGM GROUP COM 893641100 166 1,200 SH   DFND 3 1,200 0 0
TRAVELERS COMPANIES COM 89417E109 968 11,423 SH   DFND 3 11,423 0 0
TRIMBLE NAVIGATION COM 896239100 178 6,000 SH   DFND 3 6,000 0 0
TRIPADVISOR COM 896945201 220 2,900 SH   DFND 3 2,900 0 0
TRIUMPH GROUP INC COM 896818101 2,507 35,700 SH   OTR 3 0 35,700 0
TRW AUTOMOTIVE HLDGS COM 87264S106 1,219 17,100 SH   DFND 3 17,100 0 0
TUPPERWARE BRANDS COM 899896104 5,182 60,000 SH   DFND 3 60,000 0 0
TWENTY FIRST CENTY FOX CL A 90130A101 1,533 45,750 SH   DFND 3 45,750 0 0
TYCO INTERNATIONAL SHS H89128104 498 14,225 SH   DFND 3 14,225 0 0
TYSON FOODS CL A 902494103 238 8,400 SH   DFND 3 8,400 0 0
TYSON FOODS CL A 902494103 139 4,900 SH   OTR 3 0 4,900 0
TYSON FOODS INC NOTE 3.250%10/1 902494AP8 12,883 7,500,000 PRN   DFND 4,1,2 7,500,000 0 0
U M H PROPERTIES COM 903002103 4 400 SH   DFND 3 400 0 0
UDR COM 902653104 310 13,100 SH   DFND 3 13,100 0 0
UDR COM 902653104 284,478 12,003,275 SH   OTR 3 0 12,003,275 0
ULTA SALON COSMETCS & FRAG COM 90384S303 239 2,000 SH   DFND 3 2,000 0 0
ULTRAPAR PARTICIPACOES S A SP ADR COM 90400P101 25 1,000 SH   DFND 3 1,000 0 0
ULTRAPAR PARTICIPACOES S A SP ADR COM 90400P101 12,976 527,700 SH   DFND 3 527,700 0 0
UNDER ARMOUR CL A 904311107 159 2,000 SH   DFND 3 2,000 0 0
UNION PAC COM 907818108 11,138 71,700 SH   DFND 3 71,700 0 0
UNION PAC COM 907818108 6,804 43,800 SH   OTR 3 0 43,800 0
UNITED CONTL HLDGS COM 910047109 58 1,900 SH   DFND 3 1,900 0 0
UNITED RENTALS COM 911363109 612 10,500 SH   DFND 3 10,500 0 0
UNITED TECHNOLOGIES COM 913017109 3,073 28,500 SH   DFND 3 28,500 0 0
UNITEDHEALTH GROUP COM 91324P102 6,153 85,926 SH   DFND 3 85,926 0 0
UNITEDHEALTH GROUP COM 91324P102 294 4,100 SH   OTR 3 0 4,100 0
UNIVERSAL HLTH SVCS INC CL B 913903100 180 2,400 SH   OTR 3 0 2,400 0
UNUM COM 91529Y106 250 8,200 SH   DFND 3 8,200 0 0
URBAN OUTFITTERS COM 917047102 147 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 7,857 214,800 SH   DFND 3 214,800 0 0
V F COM 918204108 498 2,500 SH   DFND 3 2,500 0 0
VALE S ADR 91912E105 268 17,200 SH   DFND 3 17,200 0 0
VALE S ADR 91912E105 9,979 639,300 SH   DFND 3 639,300 0 0
VALERO ENERGY CORP COM 91913Y100 563 16,492 SH   DFND 3 16,492 0 0
VARIAN MED SYS COM 92220P105 262 3,500 SH   DFND 3 3,500 0 0
VENTAS COM 92276F100 1,041 16,924 SH   DFND 3 16,924 0 0
VENTAS COM 92276F100 503,287 8,183,523 SH   OTR 3 0 8,183,523 0
VERISIGN COM 92343E102 239 4,700 SH   DFND 3 4,700 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 39,191 25,000,000 PRN   DFND 4,1,2 25,000,000 0 0
VERISK ANALYTICS CL A 92345Y106 266 4,100 SH   DFND 3 4,100 0 0
VERIZON COMMUNICATIONS COM 92343V104 4,121 88,300 SH   DFND 3 88,300 0 0
VERTEX PHARMACEUTICALS COM 92532F100 493 6,500 SH   DFND 3 6,500 0 0
VISA INC CL A 92826C839 6,478 33,900 SH   DFND 3 33,900 0 0
VISA INC CL A 92826C839 4,319 22,600 SH   OTR 3 0 22,600 0
VIVUS COM 928551100 279 30,000 SH   DFND 4,1,2 30,000 0 0
VIVUS COM 928551100 36 500 SH   DFND 4,1,2 500 0 0
VIVUS COM 928551100 88 416 SH   DFND 4,1,2 416 0 0
VMWARE INC CL COM 928563402 372 4,600 SH   DFND 3 4,600 0 0
VULCAN MATLS COM 929160109 202 3,900 SH   DFND 3 3,900 0 0
W P CAREY COM 92936U109 91 1,400 SH   DFND 3 1,400 0 0
WAL-MART STORES COM 931142103 3,602 48,700 SH   DFND 3 48,700 0 0
WAL-MART STORES COM 931142103 348 4,700 SH   OTR 3 0 4,700 0
WALGREEN COM 931422109 1,426 26,500 SH   DFND 3 26,500 0 0
WARNER CHILCOTT PLC SHS A G94368100 119 5,200 SH   DFND 3 5,200 0 0
WASTE MGMT INC COM 94106L109 565 13,700 SH   DFND 3 13,700 0 0
WATERS COM 941848103 297 2,800 SH   DFND 3 2,800 0 0
WEATHERFORD INTERNATIONAL LT SHS H27013103 343 22,400 SH   DFND 3 22,400 0 0
WELLPOINT COM 94973V107 719 8,600 SH   DFND 3 8,600 0 0
WELLS FARGO & CO COM 949746101 6,475 156,709 SH   DFND 3 156,709 0 0
WELLS FARGO & CO COM 949746101 5,972 144,526 SH   OTR 3 0 144,526 0
WESCO AIRCRAFT HLDGS COM 950814103 42 2,000 SH   DFND 3 2,000 0 0
WESTAR ENERGY COM 95709T100 80 2,600 SH   OTR 3 0 2,600 0
WESTERN DIGITAL COM 958102105 393 6,200 SH   DFND 3 6,200 0 0
WESTERN UN COM 959802109 299 16,046 SH   DFND 3 16,046 0 0
WEYERHAEUSER COM 962166104 511 17,858 SH   DFND 3 17,858 0 0
WHIRLPOOL COM 963320106 1,368 9,340 SH   DFND 3 9,340 0 0
WHITESTONE COM 966084204 7 500 SH   DFND 3 500 0 0
WHITING PETE CORP COM 966387102 198 3,300 SH   DFND 3 3,300 0 0
WHOLE FOODS MKT COM 966837106 603 10,300 SH   DFND 3 10,300 0 0
WILLIAMS COS INC COM 969457100 734 20,200 SH   DFND 3 20,200 0 0
WILLIS GROUP HOLDINGS SHS G96666105 212 4,900 SH   DFND 3 4,900 0 0
WINDSTREAM HLDGS COM 97382A101 185 23,200 SH   DFND 3 23,200 0 0
WISCONSIN ENERGY COM 976657106 299 7,400 SH   DFND 3 7,400 0 0
WOODWARD COM 980745103 216 5,300 SH   DFND 3 5,300 0 0
WYNDHAM WORLDWIDE COM 98310W108 195 3,200 SH   DFND 3 3,200 0 0
WYNN RESORTS COM 983134107 379 2,400 SH   DFND 3 2,400 0 0
XCEL ENERGY COM 98389B100 536 19,400 SH   DFND 3 19,400 0 0
XEROX COM 984121103 378 36,753 SH   DFND 3 36,753 0 0
XILINX COM 983919101 478 10,200 SH   DFND 3 10,200 0 0
XILINX INC SDCV 3.125% 3/1 983919AD3 20,230 12,500,000 PRN   DFND 4,1,2 12,500,000 0 0
XL GROUP SHS G98290102 262 8,500 SH   DFND 3 8,500 0 0
XYLEM COM 98419M100 159 5,700 SH   DFND 3 5,700 0 0
YAHOO COM 984332106 1,005 30,300 SH   DFND 3 30,300 0 0
YANZHOU COAL MNG CO LTD SPON ADR SHS 984846105 11 1,100 SH   DFND 3 1,100 0 0
YUM BRANDS COM 988498101 971 13,600 SH   DFND 3 13,600 0 0
ZILLOW CL A 98954A107 1,011 12,000 SH   DFND 1,2 12,000 0 0
ZIMMER HLDGS COM 98956P102 411 5,000 SH   DFND 3 5,000 0 0
ZOETIS CL A 98978V103 364 11,700 SH   DFND 3 11,700 0 0