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   SOLE 3 1,441 0 0
AMREIT INC NEW CL B 03216B208 8 500 SH   SOLE 3 500 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 150 12,000 SH   SOLE 3 12,000 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 12,192 973,017 SH   SOLE 3 973,017 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 33 5,400 SH   SOLE 3 5,400 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 25 500 SH   SOLE 3 500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,581 30,200 SH   SOLE 3 30,200 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 58 4,100 SH   SOLE 3 4,100 0 0
BRASKEM S A SP ADR PFD A 105532105 5 300 SH   SOLE 3 300 0 0
BRASKEM S A SP ADR PFD A 105532105 1,276 71,500 SH   SOLE 3 71,500 0 0
BROWN FORMAN CORP CL B 115637209 280 3,700 SH   SOLE 3 3,700 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 118 6,600 SH   SOLE 3 6,600 0 0
CAMDEN PPTY TR SH BEN INT 133131102 222 3,900 SH   SOLE 3 3,900 0 0
CARNIVAL CORP PAIRED CTF 143658300 422 10,500 SH   SOLE 3 10,500 0 0
CBS CORP NEW CL B 124857202 1,005 15,771 SH   SOLE 3 15,771 0 0
CELANESE CORP DEL COM SER A 150870103 243 4,400 SH   SOLE 3 4,400 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 4 1,000 SH   SOLE 3 1,000 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 205 1,500 SH   SOLE 3 1,500 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 30 1,200 SH   SOLE 3 1,200 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,907 40,648 SH   DFND 2 40,648 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 454 9,600 SH   SOLE 3 9,600 0 0
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 43 1,400 SH   SOLE 3 1,400 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 24 200 SH   SOLE 3 200 0 0
COMCAST CORP NEW CL A SPL 20030N200 673 13,500 SH   SOLE 3 13,500 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 65 2,775 SH   SOLE 3 2,775 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 19 2,412 SH   SOLE 3 2,412 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 2,043 262,226 SH   SOLE 3 262,226 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 5 400 SH   SOLE 3 400 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 79 6,000 SH   SOLE 3 6,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 85,253 3,598,705 SH   OTR 3 3,598,705 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 54 2,300 SH   SOLE 3 2,300 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 329 3,640 SH   SOLE 3 3,640 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 205 2,440 SH   SOLE 3 2,440 0 0
DISNEY WALT CO COM DISNEY 254687106 267 3,500 SH   OTR 3 3,500 0 0
DISNEY WALT CO COM DISNEY 254687106 4,225 55,300 SH   SOLE 3 55,300 0 0
EATON VANCE CORP COM NON VTG 278265103 205 4,800 SH   SOLE 3 4,800 0 0
ECOPETROL S A SPONSORED ADS 279158109 50 1,300 SH   SOLE 3 1,300 0 0
EPR PPTYS COM SH BEN INT 26884U109 59 1,200 SH   SOLE 3 1,200 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 530,183 10,221,373 SH   OTR 3 10,221,373 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 931 17,950 SH   SOLE 3 17,950 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 212,053 2,091,044 SH   OTR 3 2,091,044 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 390 3,850 SH   SOLE 3 3,850 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 78 800 SH   SOLE 3 800 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 274 2,800 SH   SOLE 3 2,800 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 774 3,000 SH   DFND 4,1,2 3,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 306 19,800 SH   OTR 3 19,800 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,611 104,423 SH   SOLE 3 104,423 0 0
GERDAU S A SPON ADR REP PFD 373737105 28 3,600 SH   SOLE 3 3,600 0 0
GERDAU S A SPON ADR REP PFD 373737105 22,105 2,819,500 SH   SOLE 3 2,819,500 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 14,659 1,566,144 SH   OTR 3 1,566,144 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 35 3,700 SH   SOLE 3 3,700 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 35 1,400 SH   SOLE 3 1,400 0 0
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 16 300 SH   SOLE 3 300 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 29 2,100 SH   SOLE 3 2,100 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 38 2,800 SH   SOLE 3 2,800 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 6,731 1,208,445 SH   OTR 3 1,208,445 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 26 4,600 SH   SOLE 3 4,600 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 100 3,700 SH   SOLE 3 3,700 0 0
ISHARES IBOXX HI YD ETF 464288513 86,731 933,800 SH   SOLE 3 933,800 0 0
ISHARES INTL SEL DIV ETF 464288448 76 2,000 SH   SOLE 3 2,000 0 0
ISHARES MSCI CDA ETF 464286509 22 740 SH   SOLE 3 740 0 0
ISHARES MSCI PAC JP ETF 464286665 27 580 SH   SOLE 3 580 0 0
ISHARES MSCI UK ETF 464286699 209 10,000 SH   SOLE 3 10,000 0 0
ISHARES MSCI GERMANY ETF 464286806 349 11,000 SH   SOLE 3 11,000 0 0
ISHARES MSCI EMG MKT ETF 464287234 150 3,600 SH   SOLE 3 3,600 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 194 14,310 SH   SOLE 3 14,310 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 19,818 1,460,464 SH   SOLE 3 1,460,464 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 48,286 1,564,692 SH   OTR 3 1,564,692 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 80 2,600 SH   SOLE 3 2,600 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 25 2,100 SH   SOLE 3 2,100 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 392 4,653 SH   SOLE 3 4,653 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 427 14,550 SH   SOLE 3 14,550 0 0
LIBERTY PPTY TR SH BEN INT 531172104 67,492 1,992,686 SH   OTR 3 1,992,686 0 0
LIBERTY PPTY TR SH BEN INT 531172104 261 7,700 SH   SOLE 3 7,700 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 939 11,700 SH   SOLE 3 11,700 0 0
MCCORMICK & CO INC COM NON VTG 579780206 248 3,600 SH   SOLE 3 3,600 0 0
MOLSON COORS BREWING CO CL B 60871R209 236 4,200 SH   SOLE 3 4,200 0 0
NATIONAL BK GREECE S A SPN ADR REP 1 SH 633643705 25 4,500 SH   SOLE 3 4,500 0 0
NIKE INC CL B 654106103 1,636 20,800 SH   SOLE 3 20,800 0 0
OI S.A. SPN ADR REP PFD 670851203 3 1,900 SH   SOLE 3 1,900 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 32 1,700 SH   SOLE 3 1,700 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 88 6,000 SH   SOLE 3 6,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 9,675 658,600 SH   SOLE 3 658,600 0 0
PETROLOGISTICS LP UNIT LTD PTH INT 71672U101 202 17,393 SH   DFND 4,1,2 17,393 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 85 3,300 SH   SOLE 3 3,300 0 0
POWERSHARES GLOBAL ETF TRUST EMER MRKT PORT 73936T763 963 47,000 SH   SOLE 3 47,000 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 13,993 888,991 SH   OTR 3 888,991 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 24 1,500 SH   SOLE 3 1,500 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 19 700 SH   SOLE 3 700 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 49,144 2,210,695 SH   OTR 3 2,210,695 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 102 4,600 SH   SOLE 3 4,600 0 0
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 16 2,700 SH   SOLE 3 2,700 0 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 21 750 SH   SOLE 3 750 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 10 400 SH   SOLE 3 400 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 414 2,500 SH   SOLE 3 2,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,019 5,520 SH   SOLE 3 5,520 0 0
SPRINT CORP COM SER 1 85207U105 300 27,879 SH   SOLE 3 27,879 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 32 2,400 SH   SOLE 3 2,400 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 408 11,800 SH   SOLE 3 11,800 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 23 11,100 SH   SOLE 3 11,100 0 0
UNITED PARCEL SERVICE INC CL B 911312106 336 3,200 SH   OTR 3 3,200 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,112 20,100 SH   SOLE 3 20,100 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 219 2,700 SH   OTR 3 2,700 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 163 2,000 SH   SOLE 3 2,000 0 0
VALE S A ADR REPSTG PFD 91912E204 113 8,100 SH   SOLE 3 8,100 0 0
VALE S A ADR REPSTG PFD 91912E204 13,161 939,400 SH   SOLE 3 939,400 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 62 1,500 SH   SOLE 3 1,500 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 39 620 SH   SOLE 3 620 0 0
VIACOM INC NEW CL B 92553P201 1,054 12,071 SH   SOLE 3 12,071 0 0
VORNADO RLTY TR SH BEN INT 929042109 630,688 7,103,143 SH   OTR 3 7,103,143 0 0
VORNADO RLTY TR SH BEN INT 929042109 779 8,769 SH   SOLE 3 8,769 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 40 1,700 SH   SOLE 3 1,700 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 168,097 6,130,468 SH   OTR 3 6,130,468 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 77 2,800 SH   SOLE 3 2,800 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 8 760 SH   SOLE 3 760 0 0
WIPRO LTD SPON ADR 1 SH 97651M109 35 2,796 SH   SOLE 3 2,796 0 0
3M COM 88579Y101 2,496 17,800 SH   SOLE 3 17,800 0 0
ABBOTT COM 002824100 1,664 43,400 SH   SOLE 3 43,400 0 0
ABBVIE COM 00287Y109 164 3,100 SH   OTR 3 3,100 0 0
ABBVIE COM 00287Y109 2,345 44,400 SH   SOLE 3 44,400 0 0
ABERCROMBIE & FITCH CL A 002896207 276 8,391 SH   DFND 4,1,2 8,391 0 0
ACCENTURE PLC IRELAND CLASS A G1151C101 82 1,000 SH   OTR 3 1,000 0 0
ACCENTURE PLC IRELAND CLASS A G1151C101 1,472 17,900 SH   SOLE 3 17,900 0 0
ACE SHS H0023R105 994 9,600 SH   SOLE 3 9,600 0 0
ACTIVISION BLIZZARD COM 00507V109 226 12,700 SH   SOLE 3 12,700 0 0
ADOBE SYS COM 00724F101 832 13,900 SH   SOLE 3 13,900 0 0
ADVANCE AUTO PARTS COM 00751Y106 227 2,050 SH   SOLE 3 2,050 0 0
ADVANCED SEMICONDUCTOR ENGR ADR 00756M404 27 5,600 SH   SOLE 3 5,600 0 0
AES COM 00130H105 273 18,800 SH   SOLE 3 18,800 0 0
AETNA INC COM 00817Y108 219 3,200 SH   OTR 3 3,200 0 0
AETNA INC COM 00817Y108 732 10,673 SH   SOLE 3 10,673 0 0
AFFILIATED MANAGERS COM 008252108 282 1,300 SH   SOLE 3 1,300 0 0
AFLAC COM 001055102 868 13,000 SH   SOLE 3 13,000 0 0
AGCO COM 001084102 178 3,000 SH   SOLE 3 3,000 0 0
AGCO CORP NOTE 1.250%12/1 001084AM4 4,383 3,000,000 PRN   DFND 4,1,2 3,000,000 0 0
AGILENT TECHNOLOGIES COM 00846U101 391 6,830 SH   SOLE   6,830 0 0
AGILENT TECHNOLOGIES COM 00846U101 554 9,690 SH   SOLE 3 9,690 0 0
AGREE REALTY COM 008492100 9 300 SH   SOLE 3 300 0 0
AIR PRODS & CHEMS COM 009158106 682 6,100 SH   SOLE 3 6,100 0 0
AIRGAS COM 009363102 224 2,000 SH   SOLE 3 2,000 0 0
AKAMAI TECHNOLOGIES COM 00971T101 236 5,000 SH   SOLE 3 5,000 0 0
ALBEMARLE COM 012653101 139 2,200 SH   SOLE 3 2,200 0 0
ALCOA COM 013817101 331 31,100 SH   SOLE 3 31,100 0 0
ALEXANDRIA REAL ESTATE EQ COM 015271109 84,146 1,322,637 SH   OTR 3 1,322,637 0 0
ALEXANDRIA REAL ESTATE EQ COM 015271109 111 1,750 SH   SOLE 3 1,750 0 0
ALEXION PHARMACEUTICALS COM 015351109 757 5,700 SH   SOLE 3 5,700 0 0
ALLEGHANY CORP COM 017175100 160 400 SH   SOLE 3 400 0 0
ALLERGAN COM 018490102 922 8,300 SH   SOLE 3 8,300 0 0
ALLIANCE DATA SYSTEMS COM 018581108 368 1,400 SH   SOLE 3 1,400 0 0
ALLIANT ENERGY COM 018802108 196 3,800 SH   SOLE 3 3,800 0 0
ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 12,029 7,500,000 PRN   DFND 4,1,2 7,500,000 0 0
ALLSTATE COM 020002101 698 12,800 SH   SOLE 3 12,800 0 0
ALTERA COM 021441100 306 9,400 SH   SOLE 3 9,400 0 0
ALTRIA GROUP COM 02209S103 12,312 320,700 SH   SOLE 3 320,700 0 0
ALUMINUM CORP CHINA LTD SPON ADR SHS 022276109 26 3,000 SH   SOLE 3 3,000 0 0
AMAZON COM COM 023135106 4,108 10,300 SH   SOLE 3 10,300 0 0
AMBEV SA ADR 02319V103 138 18,800 SH   SOLE 3 18,800 0 0
AMBEV SA ADR 02319V103 3,466 471,500 SH   SOLE 3 471,500 0 0
AMEREN COM 023608102 257 7,100 SH   SOLE 3 7,100 0 0
AMERESCO CL A 02361E108 185 19,200 SH   SOLE 3 19,200 0 0
AMERICA MOVIL SAB DE CV SPON ADR SHS 02364W105 112 4,800 SH   SOLE 3 4,800 0 0
AMERICA MOVIL SAB DE CV SPON ADR SHS 02364W105 502 21,500 SH   SOLE 3 21,500 0 0
AMERICAN ASSETS TR COM 024013104 12,293 391,118 SH   OTR 3 391,118 0 0
AMERICAN ASSETS TR COM 024013104 28 900 SH   SOLE 3 900 0 0
AMERICAN CAMPUS CMNTYS COM 024835100 9,686 300,710 SH   OTR 3 300,710 0 0
AMERICAN CAMPUS CMNTYS COM 024835100 83 2,568 SH   SOLE 3 2,568 0 0
AMERICAN CAPITAL AGENCY COM 02503X105 193 10,000 SH   SOLE 3 10,000 0 0
AMERICAN ELEC PWR COM 025537101 650 13,900 SH   SOLE 3 13,900 0 0
AMERICAN EXPRESS COM 025816109 91 1,000 SH   OTR 3 1,000 0 0
AMERICAN EXPRESS COM 025816109 9,109 100,400 SH   SOLE 3 100,400 0 0
AMERICAN HOMES 4 CL A 02665T306 19 1,200 SH   SOLE 3 1,200 0 0
AMERICAN INTL GROUP COM NEW 026874784 3,951 77,400 SH   OTR 3 77,400 0 0
AMERICAN INTL GROUP COM NEW 026874784 2,016 39,492 SH   SOLE 3 39,492 0 0
AMERICAN RESIDENTIAL PPTYS COM 02927E303 5 300 SH   SOLE 3 300 0 0
AMERICAN RLTY CAP PPTYS COM 02917T104 62 4,800 SH   SOLE 3 4,800 0 0
AMERICAN TOWER CORP COM 03027X100 886 11,100 SH   SOLE 3 11,100 0 0
AMERICAN WTR WKS CO INC COM 030420103 237 5,600 SH   SOLE 3 5,600 0 0
AMERIPRISE FINL COM 03076C106 299 2,600 SH   OTR 3 2,600 0 0
AMERIPRISE FINL COM 03076C106 686 5,960 SH   SOLE 3 5,960 0 0
AMETEK INC COM 031100100 406 7,700 SH   SOLE 3 7,700 0 0
AMGEN COM 031162100 2,407 21,100 SH   SOLE 3 21,100 0 0
AMPHENOL CORP CL A 032095101 401 4,500 SH   SOLE 3 4,500 0 0
ANADARKO PETE COM 032511107 111 1,400 SH   OTR 3 1,400 0 0
ANADARKO PETE COM 032511107 1,095 13,800 SH   SOLE 3 13,800 0 0
ANALOG DEVICES COM 032654105 474 9,300 SH   SOLE 3 9,300 0 0
ANGLOGOLD ASHANTI LTD ADR 035128206 30 2,600 SH   SOLE 3 2,600 0 0
ANNALY CAP MGMT COM 035710409 279 28,000 SH   SOLE 3 28,000 0 0
ANSYS COM 03662Q105 201 2,300 SH   SOLE 3 2,300 0 0
AON PLC CL A G0408V102 2,995 35,700 SH   OTR 3 35,700 0 0
AON PLC CL A G0408V102 713 8,500 SH   SOLE 3 8,500 0 0
APACHE COM 037411105 920 10,710 SH   SOLE 3 10,710 0 0
APARTMENT INVT & MGMT CL A 03748R101 185,254 7,149,894 SH   OTR 3 7,149,894 0 0
APARTMENT INVT & MGMT CL A 03748R101 96 3,692 SH   SOLE 3 3,692 0 0
APPLE COM 037833100 589 1,050 SH   OTR 3 1,050 0 0
APPLE COM 037833100 317 573 SH   SOLE   573 0 0
APPLE COM 037833100 14,306 25,500 SH   SOLE 3 25,500 0 0
APPLIED MATLS COM 038222105 8,449 477,900 SH   OTR 3 477,900 0 0
APPLIED MATLS COM 038222105 796 45,000 SH   SOLE 3 45,000 0 0
ARCH CAP GROUP ORD G0450A105 263 4,400 SH   SOLE 3 4,400 0 0
ARCHER DANIELS MIDLAND COM 039483102 768 17,700 SH   SOLE 3 17,700 0 0
ARMADA HOFFLER PPTYS COM 04208T108 5 500 SH   SOLE 3 500 0 0
ARROW ELECTRS COM 042735100 195 3,600 SH   SOLE 3 3,600 0 0
ASHFORD HOSPITALITY PRIME COM 044102101 7 360 SH   SOLE 3 360 0 0
ASHFORD HOSPITALITY TR INC SHS 044103109 15 1,800 SH   SOLE 3 1,800 0 0
ASHLAND INC COM 044209104 175 1,800 SH   SOLE 3 1,800 0 0
ASSOCIATED ESTATES RLTY COM 045604105 21 1,300 SH   SOLE 3 1,300 0 0
ASSURANT COM 04621X108 173 2,600 SH   SOLE 3 2,600 0 0
AT&T COM 00206R102 288 8,200 SH   OTR 3 8,200 0 0
AT&T COM 00206R102 5,214 148,295 SH   SOLE 3 148,295 0 0
AU OPTRONICS CORP ADR 002255107 12 4,000 SH   SOLE 3 4,000 0 0
AUDIENCE COM 05070J102 26 2,200 SH   SOLE 3 2,200 0 0
AUTODESK COM 052769106 302 6,000 SH   SOLE 3 6,000 0 0
AUTOLIV COM 052800109 294 3,200 SH   SOLE 3 3,200 0 0
AUTOMATIC DATA PROCESSING COM 053015103 1,099 13,600 SH   SOLE 3 13,600 0 0
AUTOZONE COM 053332102 430 900 SH   SOLE 3 900 0 0
AVAGO TECHNOLOGIES SHS Y0486S104 264 5,000 SH   OTR 3 5,000 0 0
AVAGO TECHNOLOGIES SHS Y0486S104 365 6,900 SH   SOLE 3 6,900 0 0
AVALONBAY CMNTYS COM 053484101 173,942 1,471,215 SH   OTR 3 1,471,215 0 0
AVALONBAY CMNTYS COM 053484101 783 6,619 SH   SOLE 3 6,619 0 0
AVERY DENNISON COM 053611109 151 3,000 SH   SOLE 3 3,000 0 0
AVIV REIT INC COM 05381L101 9 400 SH   SOLE 3 400 0 0
AVNET COM 053807103 172 3,900 SH   SOLE 3 3,900 0 0
AVON PRODS COM 054303102 200 11,600 SH   SOLE 3 11,600 0 0
AXIS CAPITAL HOLDINGS SHS G0692U109 138 2,900 SH   SOLE 3 2,900 0 0
B/E AEROSPACE COM 073302101 835 9,600 SH   SOLE 3 9,600 0 0
BAKER HUGHES COM 057224107 702 12,704 SH   SOLE 3 12,704 0 0
BALL COM 058498106 196 3,800 SH   SOLE 3 3,800 0 0
BANCO DE CHILE ADR 059520106 90 1,030 SH   SOLE 3 1,030 0 0
BANCO SANTANDER CHILE NEW SP ADR COM 05965X109 21 900 SH   SOLE 3 900 0 0
BANCO SANTANDER CHILE NEW SP ADR COM 05965X109 92 3,900 SH   SOLE 3 3,900 0 0
BANK NEW YORK MELLON COM 064058100 6,693 191,571 SH   SOLE 3 191,571 0 0
BANK OF AMERICA COM 060505104 5,935 381,200 SH   OTR 3 381,200 0 0
BANK OF AMERICA COM 060505104 4,730 303,814 SH   SOLE 3 303,814 0 0
BARD C R COM 067383109 281 2,100 SH   SOLE 3 2,100 0 0
BAXTER INTL COM 071813109 1,099 15,800 SH   SOLE 3 15,800 0 0
BB&T COM 054937107 731 19,600 SH   SOLE 3 19,600 0 0
BEAM COM 073730103 286 4,200 SH   SOLE 3 4,200 0 0
BECTON DICKINSON & COM 075887109 696 6,300 SH   SOLE 3 6,300 0 0
BED BATH & BEYOND COM 075896100 490 6,100 SH   SOLE 3 6,100 0 0
BERKLEY W R COM 084423102 182 4,200 SH   SOLE 3 4,200 0 0
BEST BUY COM 086516101 757 18,931 SH   SOLE   18,931 0 0
BEST BUY COM 086516101 299 7,500 SH   SOLE 3 7,500 0 0
BIOGEN IDEC COM 09062X103 1,826 6,530 SH   SOLE 3 6,530 0 0
BIOMARIN PHARMACEUTICAL COM 09061G101 310 4,400 SH   SOLE 3 4,400 0 0
BIOMED REALTY TRUST COM 09063H107 87 4,800 SH   SOLE 3 4,800 0 0
BLACKROCK COM 09247X101 3,608 11,400 SH   OTR 3 11,400 0 0
BLACKROCK COM 09247X101 1,234 3,900 SH   SOLE 3 3,900 0 0
BLOCK H & R COM 093671105 218 7,500 SH   SOLE 3 7,500 0 0
BOEING COM 097023105 4,122 30,200 SH   SOLE 3 30,200 0 0
BORGWARNER COM 099724106 369 6,600 SH   SOLE 3 6,600 0 0
BOSTON PROPERTIES COM 101121101 414,070 4,125,436 SH   OTR 3 4,125,436 0 0
BOSTON PROPERTIES COM 101121101 798 7,950 SH   SOLE 3 7,950 0 0
BOSTON SCIENTIFIC COM 101137107 160 13,361 SH   SOLE   13,361 0 0
BOSTON SCIENTIFIC COM 101137107 454 37,747 SH   SOLE 3 37,747 0 0
BRE PROPERTIES CL A 05564E106 101,066 1,847,312 SH   OTR 3 1,847,312 0 0
BRE PROPERTIES CL A 05564E106 104 1,900 SH   SOLE 3 1,900 0 0
BRF SA ADR 10552T107 54 2,600 SH   SOLE 3 2,600 0 0
BRF SA ADR 10552T107 9,965 477,500 SH   SOLE 3 477,500 0 0
BRISTOL MYERS SQUIBB COM 110122108 6,288 118,300 SH   SOLE 3 118,300 0 0
BRIXMOR PPTY GROUP COM 11120U105 24,502 1,205,222 SH   OTR 3 1,205,222 0 0
BRIXMOR PPTY GROUP COM 11120U105 20 1,000 SH   SOLE 3 1,000 0 0
BROADCOM CL A 111320107 184 6,200 SH   OTR 3 6,200 0 0
BROADCOM CL A 111320107 514 17,350 SH   SOLE 3 17,350 0 0
BUNGE COM G16962105 361 4,400 SH   SOLE 3 4,400 0 0
C H ROBINSON WORLDWIDE COM NEW 12541W209 233 4,000 SH   SOLE 3 4,000 0 0
CA COM 12673P105 300 8,905 SH   SOLE 3 8,905 0 0
CABOT OIL & GAS COM 127097103 469 12,100 SH   SOLE 3 12,100 0 0
CACI INTL INC NOTE 2.125% 5/0 127190AD8 28,094 20,998,000 PRN   DFND 4,1,2 20,998,000 0 0
CALPINE COM NEW 131347304 160 8,200 SH   SOLE 3 8,200 0 0
CAMERON INTERNATIONAL COM 13342B105 452 7,600 SH   SOLE 3 7,600 0 0
CAMPBELL SOUP COM 134429109 277 6,400 SH   SOLE 3 6,400 0 0
CAMPUS CREST CMNTYS COM 13466Y105 15 1,600 SH   SOLE 3 1,600 0 0
CAPITAL ONE FINL COM 14040H105 138 1,800 SH   OTR 3 1,800 0 0
CAPITAL ONE FINL COM 14040H105 1,299 16,954 SH   SOLE 3 16,954 0 0
CARDINAL HEALTH COM 14149Y108 615 9,200 SH   SOLE 3 9,200 0 0
CAREFUSION COM 14170T101 249 6,250 SH   SOLE 3 6,250 0 0
CARMAX COM 143130102 1,331 28,300 SH   OTR 3 28,300 0 0
CARMAX COM 143130102 306 6,500 SH   SOLE 3 6,500 0 0
CATERPILLAR INC COM 149123101 1,616 17,800 SH   SOLE 3 17,800 0 0
CBL & ASSOC PPTYS COM 124830100 78 4,355 SH   SOLE 3 4,355 0 0
CBRE GROUP CL A 12504L109 247 9,400 SH   SOLE 3 9,400 0 0
CEDAR REALTY TRUST COM NEW 150602209 10 1,600 SH   SOLE 3 1,600 0 0
CELGENE COM 151020104 1,960 11,600 SH   SOLE 3 11,600 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 57 4,816 SH   SOLE 3 4,816 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 193 16,348 SH   SOLE 3 16,348 0 0
CENCOSUD S A SPONSORED ADS 15132H101 16 1,500 SH   SOLE 3 1,500 0 0
CENTERPOINT ENERGY COM 15189T107 285 12,300 SH   SOLE 3 12,300 0 0
CENTRAIS ELETRICAS BRASILEIR ADR 15234Q207 3 1,200 SH   SOLE 3 1,200 0 0
CENTURYLINK COM 156700106 339 10,674 SH   DFND 4,1,2 10,674 0 0
CENTURYLINK COM 156700106 562 17,642 SH   SOLE 3 17,642 0 0
CERNER COM 156782104 491 8,800 SH   SOLE 3 8,800 0 0
CF INDS HLDGS COM 125269100 396 1,700 SH   SOLE 3 1,700 0 0
CHAMBERS STR COM 157842105 47 6,100 SH   SOLE 3 6,100 0 0
CHATHAM LODGING COM 16208T102 10 500 SH   SOLE 3 500 0 0
CHENIERE ENERGY COM NEW 16411R208 220 5,100 SH   SOLE 3 5,100 0 0
CHESAPEAKE ENERGY COM 165167107 402 14,800 SH   SOLE 3 14,800 0 0
CHEVRON CORP COM 166764100 512 4,100 SH   OTR 3 4,100 0 0
CHEVRON CORP COM 166764100 9,595 76,818 SH   SOLE 3 76,818 0 0
CHINA MOBILE LIMITED ADR 16941M109 1,968 37,967 SH   DFND 2 37,967 0 0
CHINA MOBILE LIMITED ADR 16941M109 230 4,400 SH   SOLE 3 4,400 0 0
CHINA PETE & CHEM CORP SPON ADR SHS 16941R108 143 1,748 SH   DFND 2 1,748 0 0
CHINA PETE & CHEM CORP SPON ADR SHS 16941R108 109 1,330 SH   SOLE 3 1,330 0 0
CHINA TELECOM CORP LTD SPON ADR SHS 169426103 56 1,105 SH   DFND 2 1,105 0 0
CHINA TELECOM CORP LTD SPON ADR SHS 169426103 25 500 SH   SOLE 3 500 0 0
CHINA UNICOM (HONG KONG) LTD ADR 16945R104 26 1,700 SH   SOLE 3 1,700 0 0
CHIPOTLE MEXICAN GRILL COM 169656105 426 800 SH   SOLE 3 800 0 0
CHUBB COM 171232101 686 7,100 SH   SOLE 3 7,100 0 0
CHURCH & DWIGHT COM 171340102 252 3,800 SH   SOLE 3 3,800 0 0
CIGNA COM 125509109 700 8,000 SH   SOLE 3 8,000 0 0
CIMAREX ENERGY COM 171798101 3,462 33,000 SH   OTR 3 33,000 0 0
CIMAREX ENERGY COM 171798101 252 2,400 SH   SOLE 3 2,400 0 0
CINCINNATI FINL COM 172062101 242 4,615 SH   SOLE 3 4,615 0 0
CINTAS COM 172908105 191 3,200 SH   SOLE 3 3,200 0 0
CISCO SYS COM 17275R102 269 12,000 SH   OTR 3 12,000 0 0
CISCO SYS COM 17275R102 3,344 149,100 SH   SOLE 3 149,100 0 0
CIT GROUP COM NEW 125581801 292 5,600 SH   SOLE 3 5,600 0 0
CITIGROUP COM NEW 172967424 188 3,600 SH   OTR 3 3,600 0 0
CITIGROUP COM NEW 172967424 4,492 86,203 SH   SOLE 3 86,203 0 0
CITRIX SYS COM 177376100 89 1,400 SH   OTR 3 1,400 0 0
CITRIX SYS COM 177376100 335 5,300 SH   SOLE 3 5,300 0 0
CLIFFS NAT RES COM 18683K101 329 12,389 SH   SOLE   12,389 0 0
CLOROX CO COM 189054109 371 4,000 SH   SOLE 3 4,000 0 0
CME GROUP COM 12572Q105 698 8,900 SH   SOLE 3 8,900 0 0
CMS ENERGY COM 125896100 171 6,400 SH   SOLE 3 6,400 0 0
CNOOC LTD ADR 126132109 1,057 5,682 SH   DFND 2 5,682 0 0
CNOOC LTD ADR 126132109 169 900 SH   SOLE 3 900 0 0
COACH COM 189754104 443 7,900 SH   SOLE 3 7,900 0 0
COBALT INTL ENERGY COM 19075F106 130 7,900 SH   SOLE 3 7,900 0 0
COCA COLA COM 191216100 4,610 111,600 SH   SOLE 3 111,600 0 0
COCA COLA ENTERPRISES INC COM 19122T109 388 8,800 SH   SOLE 3 8,800 0 0
COGNIZANT TECHNOLOGY CL A 192446102 848 8,400 SH   SOLE 3 8,400 0 0
COLE REAL ESTATE INVTS COM 19329V105 147 10,500 SH   SOLE 3 10,500 0 0
COLGATE PALMOLIVE COM 194162103 1,656 25,400 SH   SOLE 3 25,400 0 0
COMCAST CORP CL A 20030N101 11,410 219,570 SH   SOLE 3 219,570 0 0
COMERICA COM 200340107 280 5,900 SH   SOLE 3 5,900 0 0
COMMONWEALTH REIT 6.50% PFD CUM CO 203233408 17,581 857,213 SH   OTR 3 0 0 0
COMMONWEALTH REIT CV PFD-E 7.25% 203233606 24,634 1,130,013 SH   OTR 3 0 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR CL A 20440T201 27 600 SH   SOLE 3 600 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR CL A 20440T201 4,363 97,678 SH   SOLE 3 97,678 0 0
COMPANHIA DE SANEAMENTO BASI ADR 20441A102 17 1,500 SH   SOLE 3 1,500 0 0
COMPANHIA DE SANEAMENTO BASI ADR 20441A102 2,940 259,300 SH   SOLE 3 259,300 0 0
COMPANHIA SIDERURGICA NACION ADR 20440W105 19 3,100 SH   SOLE 3 3,100 0 0
COMPANHIA SIDERURGICA NACION ADR 20440W105 191 30,800 SH   SOLE 3 30,800 0 0
COMPANIA CERVECERIAS UNIDAS ADR 204429104 7 300 SH   SOLE 3 300 0 0
COMPANIA CERVECERIAS UNIDAS ADR 204429104 48 2,000 SH   SOLE 3 2,000 0 0
COMPANIA DE MINAS BUENAVENTU ADR 204448104 9 800 SH   SOLE 3 800 0 0
COMPUTER SCIENCES COM 205363104 257 4,600 SH   SOLE 3 4,600 0 0
CONAGRA FOODS COM 205887102 428 12,700 SH   SOLE 3 12,700 0 0
CONCHO RES COM 20605P101 313 2,900 SH   SOLE 3 2,900 0 0
CONOCOPHILLIPS COM 20825C104 2,275 32,200 SH   SOLE 3 32,200 0 0
CONSOL ENERGY COM 20854P109 183 4,800 SH   OTR 3 4,800 0 0
CONSOL ENERGY COM 20854P109 247 6,500 SH   SOLE 3 6,500 0 0
CONSOLIDATED EDISON COM 209115104 475 8,600 SH   SOLE 3 8,600 0 0
CONSTELLATION BRANDS CL A 21036P108 352 5,000 SH   SOLE 3 5,000 0 0
CONTINENTAL RESOURCES COM 212015101 135 1,200 SH   SOLE 3 1,200 0 0
COOPER TIRE & RUBR COM 216831107 100 4,160 SH   DFND 4,1,2 4,160 0 0
CORE LABORATORIES N COM N22717107 210 1,100 SH   SOLE 3 1,100 0 0
CORESITE RLTY COM 21870Q105 16 500 SH   SOLE 3 500 0 0
CORNING COM 219350105 213 12,000 SH   SOLE   12,000 0 0
CORNING COM 219350105 702 39,400 SH   SOLE 3 39,400 0 0
CORPBANCA ADR 21987A209 11 500 SH   SOLE 3 500 0 0
CORRECTIONS CORP AMER COM NEW 22025Y407 94 2,935 SH   SOLE 3 2,935 0 0
COSAN SHS A G25343107 336 24,500 SH   SOLE 3 24,500 0 0
COSTCO WHSL CORP COM 22160K105 1,535 12,900 SH   SOLE 3 12,900 0 0
COUSINS PPTYS COM 222795106 6,744 654,789 SH   OTR 3 654,789 0 0
COUSINS PPTYS COM 222795106 48 4,663 SH   SOLE 3 4,663 0 0
COVANTA HLDG COM 22282E102 138 7,800 SH   SOLE 3 7,800 0 0
COVIDIEN SHS G2554F113 177 2,600 SH   OTR 3 2,600 0 0
COVIDIEN SHS G2554F113 860 12,625 SH   SOLE 3 12,625 0 0
CPFL ENERGIA S A ADR 126153105 8 500 SH   SOLE 3 500 0 0
CPFL ENERGIA S A ADR 126153105 2,197 137,200 SH   SOLE 3 137,200 0 0
CREE COM 225447101 594 9,500 SH   SOLE 3 9,500 0 0
CROWN CASTLE INTL COM 228227104 661 9,000 SH   SOLE 3 9,000 0 0
CROWN HOLDINGS COM 228368106 201 4,500 SH   SOLE 3 4,500 0 0
CSX COM 126408103 883 30,700 SH   SOLE 3 30,700 0 0
CUBESMART COM 229663109 92,077 5,776,443 SH   OTR 3 5,776,443 0 0
CUBESMART COM 229663109 49 3,100 SH   SOLE 3 3,100 0 0
CUMMINS COM 231021106 13,124 93,100 SH   SOLE 3 93,100 0 0
CVS CAREMARK COM 126650100 327 4,575 SH   OTR 3 4,575 0 0
CVS CAREMARK COM 126650100 2,632 36,774 SH   SOLE 3 36,774 0 0
CYRUSONE COM 23283R100 11 500 SH   SOLE 3 500 0 0
D R HORTON COM 23331A109 2,512 112,566 SH   SOLE 3 112,566 0 0
DANAHER CORP COM 235851102 1,999 25,900 SH   SOLE 3 25,900 0 0
DARDEN RESTAURANTS COM 237194105 223 4,100 SH   SOLE 3 4,100 0 0
DAVITA HEALTHCARE PARTNERS COM 23918K108 330 5,200 SH   SOLE 3 5,200 0 0
DCT INDUSTRIAL TRUST COM 233153105 58 8,200 SH   SOLE 3 8,200 0 0
DDR COM 23317H102 198,719 12,929,017 SH   OTR 3 12,929,017 0 0
DDR COM 23317H102 118 7,658 SH   SOLE 3 7,658 0 0
DEERE & COM 244199105 922 10,100 SH   SOLE 3 10,100 0 0
DELPHI AUTOMOTIVE SHS G27823106 3,295 54,800 SH   OTR 3 54,800 0 0
DELPHI AUTOMOTIVE SHS G27823106 8,629 143,500 SH   SOLE 3 143,500 0 0
DENBURY RES COM NEW 247916208 168 10,200 SH   SOLE 3 10,200 0 0
DENTSPLY INTL INC COM 249030107 238 4,900 SH   SOLE 3 4,900 0 0
DEVON ENERGY CORP COM 25179M103 3,793 61,300 SH   OTR 3 61,300 0 0
DEVON ENERGY CORP COM 25179M103 650 10,500 SH   SOLE 3 10,500 0 0
DIAMOND OFFSHORE DRILLING COM 25271C102 154 2,700 SH   SOLE 3 2,700 0 0
DIAMONDROCK HOSPITALITY COM 252784301 138,035 11,951,071 SH   OTR 3 11,951,071 0 0
DIAMONDROCK HOSPITALITY COM 252784301 59 5,142 SH   SOLE 3 5,142 0 0
DICKS SPORTING GOODS COM 253393102 134 2,300 SH   SOLE 3 2,300 0 0
DIGITAL RLTY TR COM 253868103 60,019 1,221,876 SH   OTR 3 1,221,876 0 0
DIGITAL RLTY TR COM 253868103 334 6,800 SH   SOLE 3 6,800 0 0
DIRECTV COM 25490A309 76 1,102 SH   DFND 4,1,2 1,102 0 0
DIRECTV COM 25490A309 979 14,183 SH   SOLE 3 14,183 0 0
DISCOVER FINL COM 254709108 901 16,100 SH   SOLE 3 16,100 0 0
DISH NETWORK CL A 25470M109 382 6,600 SH   SOLE 3 6,600 0 0
DOLLAR GEN CORP COM 256677105 549 9,100 SH   SOLE 3 9,100 0 0
DOLLAR TREE COM 256746108 344 6,100 SH   SOLE 3 6,100 0 0
DOMINION RES INC VA COM 25746U109 1,067 16,500 SH   SOLE 3 16,500 0 0
DOUGLAS EMMETT COM 25960P109 86,454 3,712,045 SH   OTR 3 3,712,045 0 0
DOUGLAS EMMETT COM 25960P109 75 3,200 SH   SOLE 3 3,200 0 0
DOVER COM 260003108 830 8,600 SH   SOLE 3 8,600 0 0
DOW CHEM COM 260543103 142 3,200 SH   OTR 3 3,200 0 0
DOW CHEM COM 260543103 1,643 37,000 SH   SOLE 3 37,000 0 0
DR PEPPER SNAPPLE GROUP COM 26138E109 293 6,024 SH   SOLE 3 6,024 0 0
DR REDDYS LABS ADR 256135203 86 2,100 SH   SOLE 3 2,100 0 0
DRESSER-RAND GROUP COM 261608103 1,908 32,000 SH   OTR 3 32,000 0 0
DTE ENERGY COM 233331107 345 5,200 SH   SOLE 3 5,200 0 0
DU PONT E I DE NEMOURS & COM 263534109 1,826 28,100 SH   SOLE 3 28,100 0 0
DUKE ENERGY CORP COM NEW 26441C204 1,336 19,366 SH   SOLE 3 19,366 0 0
DUKE REALTY COM NEW 264411505 73,457 4,884,110 SH   OTR 3 4,884,110 0 0
DUKE REALTY COM NEW 264411505 244 16,200 SH   SOLE 3 16,200 0 0
DUN & BRADSTREET CORP DEL COM 26483E100 160 1,300 SH   SOLE 3 1,300 0 0
DUPONT FABROS TECHNOLOGY COM 26613Q106 40 1,600 SH   SOLE 3 1,600 0 0
E M C CORP COM 268648102 163 6,500 SH   OTR 3 6,500 0 0
E M C CORP COM 268648102 1,429 56,800 SH   SOLE 3 56,800 0 0
E M C CORP MASS NOTE 1.750%12/0 DELETED 268648AM4 26,099 17,000,000 PRN   DFND 4,1,2 17,000,000 0 0
EAGLE MATERIALS COM 26969P108 155 2,000 SH   OTR 3 2,000 0 0
EASTGROUP PPTY COM 277276101 41 700 SH   SOLE 3 700 0 0
EASTMAN CHEM COM 277432100 751 9,300 SH   SOLE 3 9,300 0 0
EATON CORP SHS G29183103 1,929 25,348 SH   SOLE 3 25,348 0 0
EBAY COM 278642103 589 10,908 SH   SOLE   10,908 0 0
EBAY COM 278642103 1,783 32,500 SH   SOLE 3 32,500 0 0
ECOLAB COM 278865100 813 7,800 SH   SOLE 3 7,800 0 0
EDISON COM 281020107 426 9,200 SH   SOLE 3 9,200 0 0
EDUCATION RLTY TR COM 28140H104 12,569 1,425,010 SH   OTR 3 1,425,010 0 0
EDUCATION RLTY TR COM 28140H104 26 2,900 SH   SOLE 3 2,900 0 0
EDWARDS LIFESCIENCES COM 28176E108 217 3,300 SH   SOLE 3 3,300 0 0
ELECTRONIC ARTS COM 285512109 193 8,400 SH   SOLE 3 8,400 0 0
EMBOTELLADORA ANDINA S A SPON ADR B 29081P303 6 200 SH   SOLE 3 200 0 0
EMBRAER S A SP ADR REP COM 29082A107 42 1,300 SH   SOLE 3 1,300 0 0
EMBRAER S A SP ADR REP COM 29082A107 4,457 138,500 SH   SOLE 3 138,500 0 0
EMERSON ELEC COM 291011104 1,958 27,900 SH   SOLE 3 27,900 0 0
EMPIRE ST RLTY TR CL A 292104106 54,434 3,557,803 SH   OTR 3 3,557,803 0 0
EMPIRE ST RLTY TR CL A 292104106 31 2,000 SH   SOLE 3 2,000 0 0
EMPRESA NACIONAL DE ELCTRCID ADR 29244T101 22 500 SH   SOLE 3 500 0 0
ENERGEN COM 29265N108 149 2,100 SH   SOLE 3 2,100 0 0
ENERGIZER HLDGS COM 29266R108 206 1,900 SH   SOLE 3 1,900 0 0
ENERNOC COM 292764107 158 9,200 SH   SOLE 3 9,200 0 0
ENERSIS S A ADR 29274F104 25 1,700 SH   SOLE 3 1,700 0 0
ENERSYS NOTE 3.375% 6/0 29275YAA0 33,643 19,011,000 PRN   DFND 4,1,2 19,011,000 0 0
ENPRO INDS INC DBCV 3.938%10/1 29355XAB3 9,704 5,500,000 PRN   DFND 4,1,2 5,500,000 0 0
ENSCO PLC CLASS A G3157S106 366 6,400 SH   SOLE 3 6,400 0 0
ENTERGY CORP COM 29364G103 329 5,200 SH   SOLE 3 5,200 0 0
EOG RES COM 26875P101 1,292 7,700 SH   SOLE 3 7,700 0 0
EQT COM 26884L109 422 4,700 SH   SOLE 3 4,700 0 0
EQUIFAX COM 294429105 207 3,000 SH   SOLE 3 3,000 0 0
EQUINIX COM NEW 29444U502 266 1,500 SH   SOLE 3 1,500 0 0
EQUINIX INC NOTE 4.750% 6/1 29444UAH9 10,937 5,000,000 PRN   DFND 4,1,2 5,000,000 0 0
EQUITY COM 294752100 36 1,600 SH   SOLE 3 1,600 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 69 1,900 SH   SOLE 3 1,900 0 0
ESSEX PPTY TR COM 297178105 95,401 664,770 SH   OTR 3 664,770 0 0
ESSEX PPTY TR COM 297178105 136 950 SH   SOLE 3 950 0 0
EVEREST RE GROUP COM G3223R108 234 1,500 SH   SOLE 3 1,500 0 0
EXCEL TR COM 30068C109 14 1,200 SH   SOLE 3 1,200 0 0
EXELON COM 30161N101 631 23,026 SH   SOLE 3 23,026 0 0
EXPEDIA INC COM NEW 30212P303 214 3,075 SH   SOLE 3 3,075 0 0
EXPEDITORS INTL WASH COM 302130109 252 5,700 SH   SOLE 3 5,700 0 0
EXPRESS SCRIPTS HLDG COM 30219G108 1,640 23,345 SH   SOLE 3 23,345 0 0
EXTRA SPACE STORAGE COM 30225T102 146,123 3,468,384 SH   OTR 3 3,468,384 0 0
EXTRA SPACE STORAGE COM 30225T102 114 2,700 SH   SOLE 3 2,700 0 0
EXXON MOBIL COM 30231G102 418 4,134 SH   OTR 3 4,134 0 0
EXXON MOBIL COM 30231G102 12,638 124,881 SH   SOLE 3 124,881 0 0
F M C COM NEW 302491303 309 4,100 SH   SOLE 3 4,100 0 0
F5 NETWORKS COM 315616102 209 2,300 SH   SOLE 3 2,300 0 0
FACEBOOK CL A 30303M102 2,612 47,800 SH   SOLE 3 47,800 0 0
FAMILY DLR STORES COM 307000109 2,865 44,100 SH   OTR 3 44,100 0 0
FAMILY DLR STORES COM 307000109 195 3,000 SH   SOLE 3 3,000 0 0
FASTENAL COM 311900104 380 8,000 SH   SOLE 3 8,000 0 0
FEDEX COM 31428X106 7,649 53,200 SH   OTR 3 53,200 0 0
FEDEX COM 31428X106 1,337 9,300 SH   SOLE 3 9,300 0 0
FELCOR LODGING TR COM 31430F101 25 3,100 SH   SOLE 3 3,100 0 0
FIBRIA CELULOSE S A SP ADR COM 31573A109 13 1,100 SH   SOLE 3 1,100 0 0
FIBRIA CELULOSE S A SP ADR COM 31573A109 2,267 194,100 SH   SOLE 3 194,100 0 0
FIDELITY NATIONAL CL A 31620R105 219 6,738 SH   SOLE 3 6,738 0 0
FIDELITY NATL INFORMATION COM 31620M106 420 7,829 SH   SOLE 3 7,829 0 0
FIFTH THIRD COM 316773100 517 24,600 SH   SOLE 3 24,600 0 0
FIRST INDUSTRIAL REALTY COM 32054K103 90,174 5,167,537 SH   OTR 3 5,167,537 0 0
FIRST INDUSTRIAL REALTY COM 32054K103 45 2,600 SH   SOLE 3 2,600 0 0
FIRST POTOMAC RLTY COM 33610F109 17 1,500 SH   SOLE 3 1,500 0 0
FIRST SOLAR COM 336433107 284 5,200 SH   SOLE 3 5,200 0 0
FIRSTENERGY COM 337932107 407 12,335 SH   SOLE 3 12,335 0 0
FISERV COM 337738108 455 7,700 SH   SOLE 3 7,700 0 0
FLEETCOR TECHNOLOGIES COM 339041105 234 2,000 SH   SOLE 3 2,000 0 0
FLEXTRONICS INTL ORD Y2573F102 183 23,500 SH   SOLE 3 23,500 0 0
FLIR SYS COM 302445101 138 4,600 SH   SOLE 3 4,600 0 0
FLOWSERVE COM 34354P105 339 4,300 SH   SOLE 3 4,300 0 0
FLUOR CORP COM 343412102 377 4,700 SH   SOLE 3 4,700 0 0
FMC TECHNOLOGIES COM 30249U101 345 6,600 SH   SOLE 3 6,600 0 0
FORD MTR CO DEL NOTE 4.250%12/1 345370CF5 9,915 5,650,000 PRN   DFND 4,1,2 5,650,000 0 0
FOREST LABS COM 345838106 438 7,300 SH   SOLE 3 7,300 0 0
FOSSIL GROUP COM 34988V106 180 1,500 SH   SOLE 3 1,500 0 0
FRANKLIN RES COM 354613101 9,422 163,200 SH   OTR 3 163,200 0 0
FRANKLIN RES COM 354613101 704 12,200 SH   SOLE 3 12,200 0 0
FRANKLIN STREET PPTYS COM 35471R106 26 2,200 SH   SOLE 3 2,200 0 0
FREEPORT-MCMORAN COPPER & COM 35671D857 1,114 29,508 SH   SOLE 3 29,508 0 0
FRONTIER COMMUNICATIONS COM 35906A108 157 33,763 SH   SOLE 3 33,763 0 0
GAMESTOP CORP CL A 36467W109 182 3,700 SH   SOLE 3 3,700 0 0
GAP INC COM 364760108 340 8,700 SH   SOLE 3 8,700 0 0
GARMIN SHS H2906T109 157 3,400 SH   SOLE 3 3,400 0 0
GENERAL DYNAMICS COM 369550108 96 1,000 SH   OTR 3 1,000 0 0
GENERAL DYNAMICS COM 369550108 803 8,400 SH   SOLE 3 8,400 0 0
GENERAL ELECTRIC COM 369604103 415 14,800 SH   OTR 3 14,800 0 0
GENERAL ELECTRIC COM 369604103 251 9,001 SH   SOLE   9,001 0 0
GENERAL ELECTRIC COM 369604103 19,941 711,400 SH   SOLE 3 711,400 0 0
GENERAL GROWTH PPTYS INC COM 370023103 278,320 13,867,456 SH   OTR 3 13,867,456 0 0
GENERAL GROWTH PPTYS INC COM 370023103 559 27,828 SH   SOLE 3 27,828 0 0
GENERAL MLS COM 370334104 883 17,700 SH   SOLE 3 17,700 0 0
GENERAL MTRS COM 37045V100 12,563 307,400 SH   OTR 3 307,400 0 0
GENERAL MTRS COM 37045V100 924 22,600 SH   SOLE 3 22,600 0 0
GENUINE PARTS COM 372460105 391 4,700 SH   SOLE 3 4,700 0 0
GEO GROUP COM 36159R103 55 1,700 SH   SOLE 3 1,700 0 0
GETTY RLTY CORP COM 374297109 13 700 SH   SOLE 3 700 0 0
GILEAD SCIENCES COM 375558103 3,319 44,200 SH   SOLE 3 44,200 0 0
GLADSTONE COML COM 376536108 5 300 SH   SOLE 3 300 0 0
GNC HLDGS INC CL A 36191G107 94 1,600 SH   SOLE 3 1,600 0 0
GOLD FIELDS LTD NEW ADR 38059T106 16 4,900 SH   SOLE 3 4,900 0 0
GOLDMAN SACHS GROUP COM 38141G104 2,056 11,600 SH   SOLE 3 11,600 0 0
GOOGLE CL A 38259P508 10,120 9,030 SH   SOLE 3 9,030 0 0
GRAINGER W W COM 384802104 409 1,600 SH   SOLE 3 1,600 0 0
GRAMERCY PPTY TR COM 38489R100 6 1,000 SH   SOLE 3 1,000 0 0
GREEN MTN COFFEE ROASTERS COM 393122106 264 3,500 SH   SOLE 3 3,500 0 0
GRUPO AEROPORTUARIO CTR NORT ADR 400501102 25 200 SH   SOLE 3 200 0 0
GRUPO AEROPORTUARIO CTR NORT ADR 400501102 40 1,500 SH   SOLE 3 1,500 0 0
GRUPO TELEVISA SA SPON ADR ORD 40049J206 118 3,900 SH   SOLE 3 3,900 0 0
GRUPO TELEVISA SA SPON ADR ORD 40049J206 157 5,200 SH   SOLE 3 5,200 0 0
HALLIBURTON COM 406216101 229 4,550 SH   SOLE   4,550 0 0
HALLIBURTON COM 406216101 1,198 23,600 SH   SOLE 3 23,600 0 0
HANESBRANDS COM 410345102 176 2,500 SH   OTR 3 2,500 0 0
HARLEY DAVIDSON COM 412822108 471 6,800 SH   SOLE 3 6,800 0 0
HARMONY GOLD MNG LTD ADR 413216300 7 2,600 SH   SOLE 3 2,600 0 0
HARRIS CORP COM 413875105 216 3,100 SH   SOLE 3 3,100 0 0
HARTFORD FINL SVCS GROUP COM 416515104 290 8,000 SH   OTR 3 8,000 0 0
HARTFORD FINL SVCS GROUP COM 416515104 456 12,600 SH   SOLE 3 12,600 0 0
HASBRO COM 418056107 215 3,900 SH   SOLE 3 3,900 0 0
HAWAIIAN HOLDINGS INC NOTE 5.000% 3/1 419879AD3 8,136 6,000,000 PRN   DFND 4,1,2 6,000,000 0 0
HCA HOLDINGS COM 40412C101 377 7,900 SH   SOLE 3 7,900 0 0
HCP COM 40414L109 256,331 7,057,574 SH   OTR 3 7,057,574 0 0
HCP COM 40414L109 864 23,800 SH   SOLE 3 23,800 0 0
HDFC BANK LTD ADR REPS SHS 40415F101 344 10,000 SH   SOLE 3 10,000 0 0
HEALTH CARE REIT COM 42217K106 215,073 4,014,794 SH   OTR 3 4,014,794 0 0
HEALTH CARE REIT COM 42217K106 844 15,750 SH   SOLE 3 15,750 0 0
HEALTH NET COM 42222G108 4,091 137,900 SH   OTR 3 137,900 0 0
HEALTHCARE RLTY COM 421946104 53 2,500 SH   SOLE 3 2,500 0 0
HEALTHCARE TR AMER CL A 42225P105 95,248 9,679,698 SH   OTR 3 9,679,698 0 0
HEALTHCARE TR AMER CL A 42225P105 43 4,400 SH   SOLE 3 4,400 0 0
HELMERICH & PAYNE COM 423452101 177 2,100 SH   OTR 3 2,100 0 0
HELMERICH & PAYNE COM 423452101 244 2,900 SH   SOLE 3 2,900 0 0
HERBALIFE LTD COM SHS G4412G101 189 2,400 SH   SOLE 3 2,400 0 0
HERSHEY COM 427866108 428 4,400 SH   SOLE 3 4,400 0 0
HERTZ GLOBAL HOLDINGS COM 42805T105 352 12,300 SH   SOLE 3 12,300 0 0
HESS COM 42809H107 739 8,900 SH   SOLE 3 8,900 0 0
HEWLETT PACKARD COM 428236103 288 10,300 SH   OTR 3 10,300 0 0
HEWLETT PACKARD COM 428236103 268 9,570 SH   SOLE   9,570 0 0
HEWLETT PACKARD COM 428236103 10,238 365,900 SH   SOLE 3 365,900 0 0
HEXCEL CORP COM 428291108 509 11,400 SH   SOLE 3 11,400 0 0
HIGHWOODS PPTYS COM 431284108 47,142 1,303,340 SH   OTR 3 1,303,340 0 0
HIGHWOODS PPTYS COM 431284108 80 2,200 SH   SOLE 3 2,200 0 0
HOLLYFRONTIER COM 436106108 293 5,900 SH   SOLE 3 5,900 0 0
HOLOGIC COM 436440101 183 8,200 SH   SOLE 3 8,200 0 0
HOME DEPOT COM 437076102 221 2,700 SH   SOLE   2,700 0 0
HOME DEPOT COM 437076102 3,252 39,500 SH   SOLE 3 39,500 0 0
HOME PROPERTIES COM 437306103 194,307 3,623,780 SH   OTR 3 3,623,780 0 0
HOME PROPERTIES COM 437306103 75 1,400 SH   SOLE 3 1,400 0 0
HONEYWELL INTL COM 438516106 261 2,869 SH   SOLE   2,869 0 0
HONEYWELL INTL COM 438516106 12,052 131,900 SH   SOLE 3 131,900 0 0
HORMEL FOODS COM 440452100 163 3,600 SH   SOLE 3 3,600 0 0
HOSPIRA COM 441060100 191 4,620 SH   SOLE 3 4,620 0 0
HOST HOTELS & RESORTS COM 44107P104 414,129 21,302,920 SH   OTR 3 21,302,920 0 0
HOST HOTELS & RESORTS COM 44107P104 794 40,858 SH   SOLE 3 40,858 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 259 4,778 SH   DFND 2 4,778 0 0
HUANENG PWR INTL INC SPON ADR SHS 443304100 44 1,200 SH   SOLE 3 1,200 0 0
HUDSON CITY COM 443683107 176 18,700 SH   SOLE 3 18,700 0 0
HUDSON PAC PPTYS COM 444097109 24 1,100 SH   SOLE 3 1,100 0 0
HUMANA COM 444859102 454 4,400 SH   SOLE 3 4,400 0 0
HUNT J B TRANS SVCS COM 445658107 216 2,800 SH   SOLE 3 2,800 0 0
HUNTINGTON BANCSHARES COM 446150104 175 18,100 SH   OTR 3 18,100 0 0
ICICI BK ADR 45104G104 309 8,300 SH   SOLE 3 8,300 0 0
ICICI BK ADR 45104G104 7,029 189,100 SH   SOLE 3 189,100 0 0
IHS CL A 451734107 168 1,400 SH   SOLE 3 1,400 0 0
ILLINOIS TOOL WKS COM 452308109 2,766 32,900 SH   OTR 3 32,900 0 0
ILLINOIS TOOL WKS COM 452308109 984 11,700 SH   SOLE 3 11,700 0 0
ILLUMINA COM 452327109 376 3,400 SH   SOLE 3 3,400 0 0
INFOSYS LTD ADR 456788108 119 2,100 SH   SOLE 3 2,100 0 0
INFOSYS LTD ADR 456788108 2,309 40,800 SH   SOLE 3 40,800 0 0
INGERSOLL-RAND SHS G47791101 496 8,044 SH   SOLE 3 8,044 0 0
INGRAM MICRO CL A 457153104 208 8,900 SH   SOLE   8,900 0 0
INLAND REAL ESTATE COM NEW 457461200 24 2,300 SH   SOLE 3 2,300 0 0
INTEGRYS ENERGY GROUP COM 45822P105 120 2,200 SH   SOLE 3 2,200 0 0
INTEL COM 458140100 3,974 153,100 SH   OTR 3 153,100 0 0
INTEL COM 458140100 568 22,000 SH   SOLE   22,000 0 0
INTEL COM 458140100 3,662 141,100 SH   SOLE 3 141,100 0 0
INTERCONTINENTALEXCHANGE COM 45866F104 710 3,155 SH   SOLE 3 3,155 0 0
INTERNATIONAL COM 459506101 172 2,000 SH   SOLE 3 2,000 0 0
INTERNATIONAL BUSINESS COM 459200101 6,284 33,500 SH   SOLE 3 33,500 0 0
INTERNATIONAL GAME COM 459902102 218 12,203 SH   SOLE   12,203 0 0
INTERNATIONAL GAME COM 459902102 158 8,700 SH   SOLE 3 8,700 0 0
INTERPUBLIC GROUP COS COM 460690100 200 11,300 SH   SOLE 3 11,300 0 0
INTL PAPER COM 460146103 726 14,800 SH   SOLE 3 14,800 0 0
INTUIT COM 461202103 603 7,900 SH   SOLE 3 7,900 0 0
INTUITIVE SURGICAL COM NEW 46120E602 422 1,100 SH   SOLE 3 1,100 0 0
INVENSENSE COM 46123D205 831 40,000 SH   DFND 4,1,2 40,000 0 0
INVENSENSE COM 46123D205 157 250 SH   DFND 4,1,2 250 0 0
INVENSENSE COM 46123D205 295 250 SH   DFND 4,1,2 250 0 0
INVESCO SHS G491BT108 457 12,550 SH   SOLE 3 12,550 0 0
INVESTOR REAL ESTATE TR SH BEN INT 461730103 22 2,600 SH   SOLE 3 2,600 0 0
IRON MTN COM 462846106 148 4,877 SH   SOLE 3 4,877 0 0
ITC HLDGS COM 465685105 230 2,400 SH   SOLE 3 2,400 0 0
ITRON COM 465741106 1,628 39,300 SH   OTR 3 39,300 0 0
JABIL CIRCUIT COM 466313103 303 17,399 SH   DFND 4,1,2 17,399 0 0
JABIL CIRCUIT COM 466313103 265 15,543 SH   SOLE   15,543 0 0
JACOBS ENGR GROUP INC COM 469814107 246 3,900 SH   SOLE 3 3,900 0 0
JAKKS PAC COM 47012E106 10 2,000 SH   DFND 4,1,2 2,000 0 0
JAKKS PAC COM 47012E106 132 1,000 SH   DFND 4,1,2 1,000 0 0
JAMES RIVER COAL COM NEW 470355207 10 2,110 SH   DFND 4,1,2 2,110 0 0
JAMES RIVER COAL COM NEW 470355207 9 406 SH   DFND 4,1,2 406 0 0
JAMES RIVER COAL CO NOTE 10.000% 6/0 ADDED 470355AK4 1,548 4,075,000 PRN   DFND 4,1,2 4,075,000 0 0
JETBLUE AIRWAYS COM 477143101 5 5,267 SH   DFND 4,1,2 5,267 0 0
JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AF8 26,761 15,000,000 PRN   DFND 4,1,2 15,000,000 0 0
JOHNSON & COM 478160104 174 1,900 SH   OTR 3 1,900 0 0
JOHNSON & COM 478160104 7,419 81,000 SH   SOLE 3 81,000 0 0
JOHNSON CTLS COM 478366107 990 19,300 SH   SOLE 3 19,300 0 0
JOY GLOBAL COM 481165108 181 3,100 SH   SOLE 3 3,100 0 0
JPMORGAN CHASE & COM 46625H100 4,766 81,500 SH   OTR 3 81,500 0 0
JPMORGAN CHASE & COM 46625H100 21,440 366,620 SH   SOLE 3 366,620 0 0
JUNIPER NETWORKS COM 48203R104 348 15,400 SH   SOLE 3 15,400 0 0
KANSAS CITY COM NEW 485170302 409 3,300 SH   SOLE 3 3,300 0 0
KB FINANCIAL GROUP INC ADR 48241A105 304 7,500 SH   SOLE 3 7,500 0 0
KBR COM 48242W106 147 4,600 SH   SOLE 3 4,600 0 0
KELLOGG COM 487836108 434 7,100 SH   SOLE 3 7,100 0 0
KEYCORP COM 493267108 348 25,900 SH   SOLE 3 25,900 0 0
KILROY RLTY COM 49427F108 166,571 3,319,465 SH   OTR 3 3,319,465 0 0
KILROY RLTY COM 49427F108 105 2,100 SH   SOLE 3 2,100 0 0
KIMBERLY CLARK COM 494368103 1,128 10,800 SH   SOLE 3 10,800 0 0
KIMCO RLTY COM 49446R109 86,394 4,374,397 SH   OTR 3 4,374,397 0 0
KIMCO RLTY COM 49446R109 451 22,850 SH   SOLE 3 22,850 0 0
KINDER MORGAN INC COM 49456B101 684 19,000 SH   SOLE 3 19,000 0 0
KINDER MORGAN MANAGEMENT SHS 49455U100 204 2,691 SH   SOLE 3 2,691 0 0
KITE RLTY GROUP COM 49803T102 22 3,300 SH   SOLE 3 3,300 0 0
KLA-TENCOR COM 482480100 316 4,900 SH   SOLE 3 4,900 0 0
KODIAK OIL & GAS COM 50015Q100 224 20,000 SH   SOLE 3 20,000 0 0
KOHLS COM 500255104 335 5,900 SH   SOLE 3 5,900 0 0
KOREA ELECTRIC PWR ADR 500631106 126 7,600 SH   SOLE 3 7,600 0 0
KRAFT FOODS GROUP COM 50076Q106 890 16,503 SH   SOLE 3 16,503 0 0
KROGER COM 501044101 214 5,411 SH   SOLE   5,411 0 0
KROGER COM 501044101 549 13,900 SH   SOLE 3 13,900 0 0
KT CORP ADR 48268K101 13 900 SH   SOLE 3 900 0 0
L BRANDS COM 501797104 402 6,500 SH   SOLE 3 6,500 0 0
L-3 COMMUNICATIONS HLDGS COM 502424104 160 1,500 SH   OTR 3 1,500 0 0
L-3 COMMUNICATIONS HLDGS COM 502424104 289 2,700 SH   SOLE 3 2,700 0 0
LABORATORY CORP AMER COM NEW 50540R409 4,505 49,300 SH   OTR 3 49,300 0 0
LABORATORY CORP AMER COM NEW 50540R409 228 2,500 SH   SOLE 3 2,500 0 0
LAM RESEARCH COM 512807108 272 5,000 SH   SOLE 3 5,000 0 0
LAS VEGAS SANDS COM 517834107 134 1,700 SH   OTR 3 1,700 0 0
LAS VEGAS SANDS COM 517834107 907 11,500 SH   SOLE 3 11,500 0 0
LATAM AIRLS GROUP S A ADR 51817R106 38 2,300 SH   SOLE 3 2,300 0 0
LATAM AIRLS GROUP S A ADR 51817R106 142 8,687 SH   SOLE 3 8,687 0 0
LAUDER ESTEE COS CL A 518439104 572 7,600 SH   SOLE 3 7,600 0 0
LEGG MASON COM 524901105 180 4,150 SH   SOLE 3 4,150 0 0
LEGGETT & PLATT COM 524660107 155 5,000 SH   SOLE 3 5,000 0 0
LEIDOS HLDGS COM 525327102 141 3,025 SH   SOLE 3 3,025 0 0
LENNAR CL A 526057104 154 3,900 SH   SOLE 3 3,900 0 0
LEUCADIA NATL COM 527288104 241 8,500 SH   SOLE 3 8,500 0 0
LEVEL 3 COMMUNICATIONS COM NEW 52729N308 143 4,300 SH   SOLE 3 4,300 0 0
LEXINGTON REALTY COM 529043101 52 5,046 SH   SOLE 3 5,046 0 0
LIBERTY GLOBAL PLC CL A G5480U104 525 5,903 SH   SOLE 3 5,903 0 0
LIBERTY MEDIA CORP CL A 531229102 424 2,900 SH   SOLE 3 2,900 0 0
LIFE TECHNOLOGIES COM 53217V109 384 5,063 SH   SOLE 3 5,063 0 0
LILLY ELI & COM 532457108 1,469 28,800 SH   SOLE 3 28,800 0 0
LINCOLN NATL CORP COM 534187109 374 7,249 SH   SOLE 3 7,249 0 0
LINEAR TECHNOLOGY COM 535678106 263 250 SH   DFND 4,1,2 250 0 0
LINEAR TECHNOLOGY COM 535678106 323 7,100 SH   SOLE 3 7,100 0 0
LINKEDIN CORP CL A 53578A108 607 2,800 SH   SOLE 3 2,800 0 0
LIVE NATION ENTERTAINMENT COM 538034109 3,492 176,700 SH   OTR 3 176,700 0 0
LIVE NATION ENTERTAINMENT COM 538034109 216 10,900 SH   SOLE   10,900 0 0
LKQ COM 501889208 240 7,300 SH   SOLE 3 7,300 0 0
LOCKHEED MARTIN COM 539830109 1,145 7,700 SH   SOLE 3 7,700 0 0
LOEWS COM 540424108 473 9,800 SH   SOLE 3 9,800 0 0
LORILLARD COM 544147101 547 10,800 SH   SOLE 3 10,800 0 0
LOUISIANA PAC COM 546347105 259 14,035 SH   DFND 4,1,2 14,035 0 0
LOWES COS COM 548661107 13,839 279,300 SH   SOLE 3 279,300 0 0
LSI COM 502161102 193 17,500 SH   SOLE 3 17,500 0 0
LTC PPTYS COM 502175102 32 900 SH   SOLE 3 900 0 0
LULULEMON ATHLETICA COM 550021109 177 3,000 SH   SOLE 3 3,000 0 0
M & T BK COM 55261F104 4,424 38,000 SH   SOLE 3 38,000 0 0
MACERICH COM 554382101 229,122 3,890,678 SH   OTR 3 3,890,678 0 0
MACERICH COM 554382101 491 8,345 SH   SOLE 3 8,345 0 0
MACK CALI RLTY COM 554489104 79,494 3,700,859 SH   OTR 3 3,700,859 0 0
MACK CALI RLTY COM 554489104 49 2,300 SH   SOLE 3 2,300 0 0
MACYS COM 55616P104 545 10,198 SH   SOLE 3 10,198 0 0
MANPOWERGROUP COM 56418H100 1,065 12,400 SH   SOLE 3 12,400 0 0
MARATHON OIL COM 565849106 731 20,700 SH   SOLE 3 20,700 0 0
MARATHON PETE COM 56585A102 174 1,900 SH   OTR 3 1,900 0 0
MARATHON PETE COM 56585A102 793 8,650 SH   SOLE 3 8,650 0 0
MARRIOTT INTL INC CL A 571903202 386 7,817 SH   SOLE 3 7,817 0 0
MARSH & MCLENNAN COS COM 571748102 754 15,600 SH   SOLE 3 15,600 0 0
MARTIN MARIETTA MATLS COM 573284106 130 1,300 SH   SOLE 3 1,300 0 0
MARVELL TECHNOLOGY GROUP ORD G5876H105 180 12,500 SH   SOLE 3 12,500 0 0
MASCO COM 574599106 276 12,111 SH   SOLE   12,111 0 0
MASCO COM 574599106 246 10,800 SH   SOLE 3 10,800 0 0
MASTEC COM 576323109 265 8,100 SH   SOLE 3 8,100 0 0
MASTERCARD CL A 57636Q104 9,148 10,950 SH   OTR 3 10,950 0 0
MASTERCARD CL A 57636Q104 2,423 2,900 SH   SOLE 3 2,900 0 0
MATTEL COM 577081102 462 9,700 SH   SOLE 3 9,700 0 0
MAXIM INTEGRATED PRODS COM 57772K101 234 8,400 SH   SOLE 3 8,400 0 0
MCDONALDS COM 580135101 203 2,097 SH   OTR 3 2,097 0 0
MCDONALDS COM 580135101 2,668 27,500 SH   SOLE 3 27,500 0 0
MCGRAW HILL FINL COM 580645109 587 7,500 SH   SOLE 3 7,500 0 0
MCKESSON COM 58155Q103 1,098 6,800 SH   SOLE 3 6,800 0 0
MDU RES GROUP COM 552690109 192 6,300 SH   SOLE 3 6,300 0 0
MEAD JOHNSON NUTRITION COM 582839106 503 6,000 SH   SOLE 3 6,000 0 0
MEADWESTVACO COM 583334107 196 5,300 SH   SOLE 3 5,300 0 0
MECHEL OAO ADR 583840103 7 2,700 SH   SOLE 3 2,700 0 0
MEDICAL PPTYS TRUST COM 58463J304 51 4,200 SH   SOLE 3 4,200 0 0
MEDTRONIC COM 585055106 1,607 28,000 SH   SOLE 3 28,000 0 0
MERCADOLIBRE COM 58733R102 369 3,460 SH   SOLE   3,460 0 0
MERCK & CO INC COM 58933Y105 4,107 82,058 SH   SOLE 3 82,058 0 0
METLIFE COM 59156R108 1,531 28,400 SH   SOLE 3 28,400 0 0
MGM RESORTS COM 552953101 247 10,500 SH   SOLE 3 10,500 0 0
MICHAEL KORS HLDGS SHS G60754101 764 9,489 SH   SOLE   9,489 0 0
MICHAEL KORS HLDGS SHS G60754101 430 5,300 SH   SOLE 3 5,300 0 0
MICROCHIP TECHNOLOGY COM 595017104 416 9,300 SH   SOLE 3 9,300 0 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 29,383 16,891,000 PRN   DFND 4,1,2 16,891,000 0 0
MICRON TECHNOLOGY COM 595112103 360 16,945 SH   SOLE   16,945 0 0
MICRON TECHNOLOGY COM 595112103 626 28,800 SH   SOLE 3 28,800 0 0
MICRON TECHNOLOGY INC NOTE 3.125% 5/0 595112AX1 45,245 19,745,000 PRN   DFND 4,1,2 19,745,000 0 0
MICROSOFT COM 594918104 329 8,800 SH   OTR 3 8,800 0 0
MICROSOFT COM 594918104 293 7,860 SH   SOLE   7,860 0 0
MICROSOFT COM 594918104 8,313 222,200 SH   SOLE 3 222,200 0 0
MID-AMER APT CMNTYS COM 59522J103 113 1,856 SH   SOLE 3 1,856 0 0
MOBILE TELESYSTEMS OJSC ADR 607409109 1,774 82,000 SH   OTR 3 82,000 0 0
MOBILE TELESYSTEMS OJSC ADR 607409109 301 13,900 SH   SOLE 3 13,900 0 0
MOHAWK INDS COM 608190104 268 1,800 SH   SOLE 3 1,800 0 0
MOLYCORP INC COM 608753109 1,053 187,500 SH   DFND 4,1,2 187,500 0 0
MONDELEZ INTL CL A 609207105 1,776 50,311 SH   SOLE 3 50,311 0 0
MONMOUTH REAL ESTATE INVT CL A 609720107 10 1,100 SH   SOLE 3 1,100 0 0
MONSANTO CO COM 61166W101 175 1,500 SH   OTR 3 1,500 0 0
MONSANTO CO COM 61166W101 1,702 14,606 SH   SOLE 3 14,606 0 0
MONSTER BEVERAGE COM 611740101 291 4,300 SH   SOLE 3 4,300 0 0
MOODYS COM 615369105 432 5,500 SH   SOLE 3 5,500 0 0
MORGAN COM NEW 617446448 194 6,200 SH   OTR 3 6,200 0 0
MORGAN COM NEW 617446448 1,382 44,070 SH   SOLE 3 44,070 0 0
MOSAIC CO COM 61945C103 411 8,700 SH   SOLE 3 8,700 0 0
MOTOROLA SOLUTIONS COM NEW 620076307 446 6,613 SH   SOLE 3 6,613 0 0
MURPHY OIL COM 626717102 324 5,000 SH   SOLE 3 5,000 0 0
MYLAN COM 628530107 256 5,989 SH   SOLE   5,989 0 0
MYLAN COM 628530107 490 11,300 SH   SOLE 3 11,300 0 0
NABORS INDUSTRIES SHS G6359F103 155 9,100 SH   SOLE 3 9,100 0 0
NASDAQ OMX GROUP COM 631103108 171 4,300 SH   SOLE 3 4,300 0 0
NATIONAL HEALTH INVS COM 63633D104 39 700 SH   SOLE 3 700 0 0
NATIONAL OILWELL VARCO COM 637071101 9,130 114,800 SH   OTR 3 114,800 0 0
NATIONAL OILWELL VARCO COM 637071101 1,037 13,033 SH   SOLE 3 13,033 0 0
NATIONAL RETAIL PPTYS COM 637417106 111,706 3,683,013 SH   OTR 3 3,683,013 0 0
NATIONAL RETAIL PPTYS COM 637417106 94 3,100 SH   SOLE 3 3,100 0 0
NETAPP COM 64110D104 218 5,300 SH   OTR 3 5,300 0 0
NETAPP COM 64110D104 391 9,500 SH   SOLE 3 9,500 0 0
NETFLIX COM 64110L106 515 1,400 SH   SOLE 3 1,400 0 0
NEW YORK CMNTY BANCORP COM 649445103 217 12,900 SH   SOLE 3 12,900 0 0
NEWELL RUBBERMAID COM 651229106 301 9,300 SH   SOLE 3 9,300 0 0
NEWMONT MINING COM 651639106 67 2,900 SH   OTR 3 2,900 0 0
NEWMONT MINING COM 651639106 336 14,600 SH   SOLE 3 14,600 0 0
NEWPARK RE INC NOTE NOTE 4.000% 10/0 651718AC2 8,742 6,491,000 PRN   DFND 4,1,2 6,491,000 0 0
NEWS CORP CL A 65249B109 212 11,737 SH   SOLE 3 11,737 0 0
NEXTERA ENERGY COM 65339F101 211 2,462 SH   OTR 3 2,462 0 0
NEXTERA ENERGY COM 65339F101 1,010 11,800 SH   SOLE 3 11,800 0 0
NIELSEN HOLDINGS N COM N63218106 252 5,500 SH   SOLE 3 5,500 0 0
NISOURCE COM 65473P105 309 9,400 SH   SOLE 3 9,400 0 0
NOBLE ENERGY COM 655044105 5,142 75,500 SH   SOLE 3 75,500 0 0
NORDSTROM COM 655664100 124 2,000 SH   OTR 3 2,000 0 0
NORDSTROM COM 655664100 278 4,500 SH   SOLE 3 4,500 0 0
NORFOLK SOUTHERN COM 655844108 195 2,100 SH   OTR 3 2,100 0 0
NORFOLK SOUTHERN COM 655844108 789 8,500 SH   SOLE 3 8,500 0 0
NORTHEAST COM 664397106 385 9,080 SH   SOLE 3 9,080 0 0
NORTHERN TR COM 665859104 408 6,600 SH   SOLE 3 6,600 0 0
NORTHROP GRUMMAN COM 666807102 940 8,200 SH   SOLE 3 8,200 0 0
NRG ENERGY COM NEW 629377508 267 9,300 SH   SOLE 3 9,300 0 0
NRG YIELD INC CL A 62942X108 308 7,700 SH   SOLE 3 7,700 0 0
NUANCE COMMUNICATIONS COM 67020Y100 163 10,860 SH   SOLE   10,860 0 0
NUANCE COMMUNICATIONS COM 67020Y100 123 8,100 SH   SOLE 3 8,100 0 0
NUCOR COM 670346105 491 9,200 SH   SOLE 3 9,200 0 0
NVIDIA COM 67066G104 262 16,350 SH   SOLE 3 16,350 0 0
O REILLY AUTOMOTIVE INC COM 67103H107 386 3,000 SH   SOLE 3 3,000 0 0
OCCIDENTAL PETE CORP COM 674599105 257 2,700 SH   OTR 3 2,700 0 0
OCCIDENTAL PETE CORP COM 674599105 2,140 22,500 SH   SOLE 3 22,500 0 0
OCEANEERING INTL COM 675232102 213 2,700 SH   SOLE 3 2,700 0 0
OGE ENERGY COM 670837103 159 4,700 SH   SOLE 3 4,700 0 0
OMEGA HEALTHCARE INVS COM 681936100 5,844 196,096 SH   OTR 3 196,096 0 0
OMEGA HEALTHCARE INVS COM 681936100 89 3,000 SH   SOLE 3 3,000 0 0
OMNICARE COM 681904108 169 2,800 SH   SOLE 3 2,800 0 0
OMNICARE INC NOTE 3.750%12/1 681904AN8 41,122 17,800,000 PRN   DFND 4,1,2 17,800,000 0 0
OMNICOM GROUP COM 681919106 550 7,400 SH   SOLE 3 7,400 0 0
ON SEMICONDUCTOR COM 682189105 133 16,100 SH   SOLE 3 16,100 0 0
ONE LIBERTY PPTYS COM 682406103 6 300 SH   SOLE 3 300 0 0
ONEOK INC COM 682680103 361 5,800 SH   SOLE 3 5,800 0 0
OPENTABLE COM 68372A104 312 4,000 SH   SOLE   4,000 0 0
ORACLE COM 68389X105 14,631 382,400 SH   OTR 3 382,400 0 0
ORACLE COM 68389X105 3,806 99,483 SH   SOLE 3 99,483 0 0
ORMAT TECHNOLOGIES COM 686688102 150 5,500 SH   SOLE 3 5,500 0 0
OWENS CORNING COM 690742101 236 5,800 SH   OTR 3 5,800 0 0
OWENS CORNING COM 690742101 195 4,800 SH   SOLE 3 4,800 0 0
OWENS ILL COM NEW 690768403 201 5,669 SH   SOLE   5,669 0 0
OWENS ILL COM NEW 690768403 193 5,400 SH   SOLE 3 5,400 0 0
P T TELEKOMUNIKASI INDONESIA ADR 715684106 29 800 SH   SOLE 3 800 0 0
PACCAR COM 693718108 606 10,237 SH   SOLE 3 10,237 0 0
PALL COM 696429307 290 3,400 SH   SOLE 3 3,400 0 0
PARKER HANNIFIN COM 701094104 798 6,200 SH   SOLE 3 6,200 0 0
PARKWAY PPTYS COM 70159Q104 9,159 474,797 SH   OTR 3 474,797 0 0
PARKWAY PPTYS COM 70159Q104 29 1,500 SH   SOLE 3 1,500 0 0
PARTNERRE COM G6852T105 190 1,800 SH   SOLE 3 1,800 0 0
PATTERN ENERGY GROUP CL A 70338P100 418 13,800 SH   SOLE 3 13,800 0 0
PATTERSON COMPANIES COM 703395103 132 3,200 SH   SOLE 3 3,200 0 0
PAYCHEX COM 704326107 419 9,200 SH   SOLE 3 9,200 0 0
PEABODY ENERGY COM 704549104 187 9,600 SH   SOLE 3 9,600 0 0
PEBBLEBROOK HOTEL COM 70509V100 75,951 2,469,144 SH   OTR 3 2,469,144 0 0
PEBBLEBROOK HOTEL COM 70509V100 46 1,500 SH   SOLE 3 1,500 0 0
PENN NATL GAMING COM 707569109 1,017 71,000 SH   OTR 3 71,000 0 0
PENTAIR SHS H6169Q108 109 1,400 SH   OTR 3 1,400 0 0
PENTAIR SHS H6169Q108 433 5,580 SH   SOLE 3 5,580 0 0
PEOPLES UNITED FINANCIAL COM 712704105 184 12,200 SH   SOLE 3 12,200 0 0
PEPCO HOLDINGS COM 713291102 122 6,400 SH   SOLE 3 6,400 0 0
PEPSICO COM 713448108 207 2,500 SH   OTR 3 2,500 0 0
PEPSICO COM 713448108 3,549 42,785 SH   SOLE 3 42,785 0 0
PERRIGO COM 714290103 430 2,800 SH   SOLE 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 110 1,000 SH   SOLE 3 1,000 0 0
PETROLEO BRASILEIRO SA PETRO ADR 71654V408 58 4,200 SH   SOLE 3 4,200 0 0
PETROLEO BRASILEIRO SA PETRO ADR 71654V408 1,457 105,700 SH   SOLE 3 105,700 0 0
PETSMART COM 716768106 218 3,000 SH   SOLE 3 3,000 0 0
PFIZER COM 717081103 284 9,283 SH   OTR 3 9,283 0 0
PFIZER COM 717081103 15,849 517,421 SH   SOLE 3 517,421 0 0
PG&E COM 69331C108 532 13,200 SH   SOLE 3 13,200 0 0
PHARMACYCLICS COM 716933106 180 1,700 SH   SOLE 3 1,700 0 0
PHILIP MORRIS INTL COM 718172109 203 2,328 SH   OTR 3 2,328 0 0
PHILIP MORRIS INTL COM 718172109 3,947 45,300 SH   SOLE 3 45,300 0 0
PHILIPPINE LONG DISTANCE TEL ADR 718252604 553 9,200 SH   SOLE 3 9,200 0 0
PHILLIPS COM 718546104 5,040 65,350 SH   SOLE 3 65,350 0 0
PHYSICIANS RLTY COM 71943U104 4 300 SH   SOLE 3 300 0 0
PIEDMONT OFFICE REALTY TR IN CL A 720190206 69 4,200 SH   SOLE 3 4,200 0 0
PINNACLE WEST CAP COM 723484101 143 2,700 SH   SOLE 3 2,700 0 0
PIONEER NAT RES COM 723787107 736 4,000 SH   SOLE 3 4,000 0 0
PLUM CREEK TIMBER CO COM 729251108 237 5,100 SH   SOLE 3 5,100 0 0
PNC FINL SVCS GROUP COM 693475105 1,125 14,496 SH   SOLE 3 14,496 0 0
POLARIS INDS COM 731068102 218 1,500 SH   SOLE 3 1,500 0 0
POSCO ADR 693483109 398 5,100 SH   SOLE 3 5,100 0 0
POST PPTYS COM 737464107 63 1,400 SH   SOLE 3 1,400 0 0
PPG INDS COM 693506107 1,422 7,500 SH   SOLE 3 7,500 0 0
PPL COM 69351T106 524 17,400 SH   SOLE 3 17,400 0 0
PRAXAIR COM 74005P104 1,742 13,400 SH   SOLE 3 13,400 0 0
PRECISION CASTPARTS COM 740189105 1,831 6,800 SH   SOLE 3 6,800 0 0
PRICE T ROWE GROUP COM 74144T108 645 7,700 SH   SOLE 3 7,700 0 0
PRICELINE COM COM NEW 741503403 1,778 1,530 SH   SOLE 3 1,530 0 0
PRINCIPAL FINL GROUP COM 74251V102 9,571 194,100 SH   SOLE 3 194,100 0 0
PROASSURANCE COM 74267C106 97 2,000 SH   OTR 3 2,000 0 0
PROCTER & GAMBLE COM 742718109 90 1,100 SH   OTR 3 1,100 0 0
PROCTER & GAMBLE COM 742718109 574 7,000 SH   SOLE   7,000 0 0
PROCTER & GAMBLE COM 742718109 6,320 77,637 SH   SOLE 3 77,637 0 0
PROGRESSIVE CORP COM 743315103 464 17,000 SH   SOLE 3 17,000 0 0
PROLOGIS COM 74340W103 547,389 14,814,312 SH   OTR 3 14,814,312 0 0
PROLOGIS COM 74340W103 990 26,784 SH   SOLE 3 26,784 0 0
PROLOGIS NOTE 3.250% 3/1 743410AY8 2,780 2,497,000 PRN   DFND 4,1,2 2,497,000 0 0
PROSPECT CAPITAL COM 74348T102 20 2,000 SH   DFND 4,1,2 2,000 0 0
PRUDENTIAL FINL COM 744320102 369 4,000 SH   OTR 3 4,000 0 0
PRUDENTIAL FINL COM 744320102 10,900 118,200 SH   SOLE 3 118,200 0 0
PS BUSINESS PKS INC COM 69360J107 684 8,951 SH   OTR 3 8,951 0 0
PS BUSINESS PKS INC COM 69360J107 38 500 SH   SOLE 3 500 0 0
PUBLIC COM 74460D109 467,952 3,108,904 SH   OTR 3 3,108,904 0 0
PUBLIC COM 74460D109 1,197 7,950 SH   SOLE 3 7,950 0 0
PUBLIC SVC ENTERPRISE COM 744573106 455 14,200 SH   SOLE 3 14,200 0 0
PULTE GROUP COM 745867101 167 8,200 SH   SOLE 3 8,200 0 0
PVH COM 693656100 326 2,400 SH   SOLE 3 2,400 0 0
QEP RES COM 74733V100 156 5,100 SH   SOLE 3 5,100 0 0
QIAGEN NV SHS N72482107 174 7,308 SH   DFND 2 7,308 0 0
QTS RLTY TR INC CL A 74736A103 883 35,633 SH   OTR 3 35,633 0 0
QTS RLTY TR INC CL A 74736A103 7 300 SH   SOLE 3 300 0 0
QUALCOMM COM 747525103 208 2,800 SH   OTR 3 2,800 0 0
QUALCOMM COM 747525103 4,203 56,600 SH   SOLE 3 56,600 0 0
QUANTA SVCS COM 74762E102 480 15,200 SH   SOLE 3 15,200 0 0
QUEST DIAGNOSTICS COM 74834L100 225 4,200 SH   SOLE 3 4,200 0 0
RACKSPACE HOSTING COM 750086100 129 3,300 SH   SOLE 3 3,300 0 0
RALPH LAUREN CL A 751212101 318 1,800 SH   SOLE 3 1,800 0 0
RANGE RES COM 75281A109 379 4,500 SH   SOLE 3 4,500 0 0
RAYMOND JAMES FINANCIAL COM 754730109 141 2,700 SH   SOLE 3 2,700 0 0
RAYONIER COM 754907103 126 3,000 SH   SOLE 3 3,000 0 0
RAYTHEON COM NEW 755111507 825 9,100 SH   SOLE 3 9,100 0 0
REALOGY HLDGS COM 75605Y106 178 3,600 SH   SOLE 3 3,600 0 0
REALTY INCOME COM 756109104 124,663 3,339,494 SH   OTR 3 3,339,494 0 0
REALTY INCOME COM 756109104 364 9,750 SH   SOLE 3 9,750 0 0
RED HAT COM 756577102 303 5,400 SH   SOLE 3 5,400 0 0
REGENCY CTRS COM 758849103 231,877 5,008,132 SH   OTR 3 5,008,132 0 0
REGENCY CTRS COM 758849103 287 6,200 SH   SOLE 3 6,200 0 0
REGENERON COM 75886F107 606 2,200 SH   SOLE 3 2,200 0 0
REGIONS FINL CORP COM 7591EP100 403 40,735 SH   SOLE 3 40,735 0 0
RENAISSANCERE HOLDINGS COM G7496G103 127 1,300 SH   SOLE 3 1,300 0 0
REPUBLIC SVCS COM 760759100 163 4,900 SH   OTR 3 4,900 0 0
REPUBLIC SVCS COM 760759100 289 8,700 SH   SOLE 3 8,700 0 0
RESMED COM 761152107 169 3,600 SH   SOLE 3 3,600 0 0
RETAIL OPPORTUNITY INVTS COM 76131N101 24 1,600 SH   SOLE 3 1,600 0 0
RETAIL PPTYS AMER CL A 76131V202 75,486 5,934,440 SH   OTR 3 5,934,440 0 0
RETAIL PPTYS AMER CL A 76131V202 60 4,700 SH   SOLE 3 4,700 0 0
REXFORD INDL RLTY COM 76169C100 1,544 116,958 SH   OTR 3 116,958 0 0
REXFORD INDL RLTY COM 76169C100 5 400 SH   SOLE 3 400 0 0
REYNOLDS AMERICAN COM 761713106 475 9,500 SH   SOLE 3 9,500 0 0
RLJ LODGING COM 74965L101 111,282 4,575,742 SH   OTR 3 4,575,742 0 0
RLJ LODGING COM 74965L101 75 3,100 SH   SOLE 3 3,100 0 0
ROBERT HALF INTL COM 770323103 185 4,400 SH   SOLE 3 4,400 0 0
ROCK-TENN CL A 772739207 242 2,300 SH   SOLE 3 2,300 0 0
ROCKWELL AUTOMATION COM 773903109 522 4,420 SH   SOLE 3 4,420 0 0
ROCKWELL COLLINS COM 774341101 288 3,900 SH   SOLE 3 3,900 0 0
ROCKWOOD HLDGS COM 774415103 331 4,600 SH   SOLE 3 4,600 0 0
ROPER INDS INC COM 776696106 416 3,000 SH   SOLE 3 3,000 0 0
ROSS STORES COM 778296103 172 2,300 SH   OTR 3 2,300 0 0
ROSS STORES COM 778296103 435 5,800 SH   SOLE 3 5,800 0 0
ROUSE PPTYS COM 779287101 13 607 SH   SOLE 3 607 0 0
ROWAN COMPANIES PLC CL A G7665A101 180 5,100 SH   SOLE 3 5,100 0 0
ROYAL CARIBBEAN CRUISES COM V7780T103 190 4,000 SH   SOLE 3 4,000 0 0
RTI INTL METALS COM 74973W107 660 19,300 SH   SOLE 3 19,300 0 0
RYMAN HOSPITALITY PPTYS COM 78377T107 50 1,200 SH   SOLE 3 1,200 0 0
SABRA HEALTH CARE REIT COM 78573L106 24 900 SH   SOLE 3 900 0 0
SAFEWAY COM NEW 786514208 212 6,500 SH   SOLE 3 6,500 0 0
SALESFORCE COM COM 79466L302 889 16,100 SH   SOLE 3 16,100 0 0
SANDISK COM 80004C101 148 2,100 SH   OTR 3 2,100 0 0
SANDISK COM 80004C101 494 7,000 SH   SOLE 3 7,000 0 0
SASOL LTD ADR 803866300 94 1,900 SH   SOLE 3 1,900 0 0
SAUL CTRS COM 804395101 14 300 SH   SOLE 3 300 0 0
SBA COMMUNICATIONS COM 78388J106 323 3,600 SH   SOLE 3 3,600 0 0
SCANA CORP COM 80589M102 145 3,100 SH   SOLE 3 3,100 0 0
SCHEIN HENRY COM 806407102 286 2,500 SH   SOLE 3 2,500 0 0
SCHLUMBERGER COM 806857108 74 825 SH   OTR 3 825 0 0
SCHLUMBERGER COM 806857108 3,336 37,017 SH   SOLE 3 37,017 0 0
SCHWAB CHARLES CORP COM 808513105 871 33,500 SH   SOLE 3 33,500 0 0
SCRIPPS NETWORKS INTERACT IN CL COM 811065101 233 2,700 SH   SOLE 3 2,700 0 0
SEADRILL SHS G7945E105 41 1,000 SH   SOLE 3 1,000 0 0
SEAGATE TECHNOLOGY SHS G7945M107 573 10,200 SH   SOLE 3 10,200 0 0
SEALED AIR CORP COM 81211K100 187 5,500 SH   SOLE 3 5,500 0 0
SEARS HLDGS COM 812350106 80 1,625 SH   SOLE 3 1,625 0 0
SEI INVESTMENTS COM 784117103 142 4,100 SH   SOLE 3 4,100 0 0
SEMPRA COM 816851109 10,143 113,000 SH   SOLE 3 113,000 0 0
SENSATA TECHNOLOGIES HLDG SHS N7902X106 109 2,800 SH   SOLE 3 2,800 0 0
SERVICENOW COM 81762P102 190 3,400 SH   SOLE 3 3,400 0 0
SHERWIN WILLIAMS COM 824348106 440 2,400 SH   SOLE 3 2,400 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 375 8,200 SH   SOLE 3 8,200 0 0
SIGMA ALDRICH COM 826552101 338 3,600 SH   SOLE 3 3,600 0 0
SILVER BAY RLTY TR COM 82735Q102 14 900 SH   SOLE 3 900 0 0
SIMON PPTY GROUP INC COM 828806109 1,266,001 8,320,194 SH   OTR 3 8,320,194 0 0
SIMON PPTY GROUP INC COM 828806109 2,512 16,511 SH   SOLE 3 16,511 0 0
SIRIUS XM HLDGS COM 82968B103 333 95,400 SH   SOLE 3 95,400 0 0
SK TELECOM LTD ADR 78440P108 0 3 SH   DFND 2 3 0 0
SK TELECOM LTD ADR 78440P108 32 1,300 SH   SOLE 3 1,300 0 0
SL GREEN RLTY COM 78440X101 390,135 4,223,158 SH   OTR 3 4,223,158 0 0
SL GREEN RLTY COM 78440X101 430 4,650 SH   SOLE 3 4,650 0 0
SLM COM 78442P106 344 13,100 SH   SOLE 3 13,100 0 0
SMUCKER J M COM NEW 832696405 342 3,300 SH   SOLE 3 3,300 0 0
SOLAZYME COM 83415T101 560 51,500 SH   DFND 4,1,2 51,500 0 0
SOLAZYME COM 83415T101 1 1,000 SH   DFND 4,1,2 1,000 0 0
SOLAZYME COM 83415T101 197 18,100 SH   SOLE 3 18,100 0 0
SOUTHERN COM 842587107 978 23,800 SH   SOLE 3 23,800 0 0
SOUTHWEST AIRLS COM 844741108 113 6,000 SH   SOLE 3 6,000 0 0
SOUTHWESTERN ENERGY COM 845467109 397 10,100 SH   SOLE 3 10,100 0 0
SOVRAN SELF STORAGE COM 84610H108 391 6,000 SH   OTR 3 6,000 0 0
SOVRAN SELF STORAGE COM 84610H108 52 800 SH   SOLE 3 800 0 0
SPDR GOLD TRUST SHS 78463V107 232 2,000 SH   SOLE 3 2,000 0 0
SPECTRA ENERGY COM 847560109 684 19,196 SH   SOLE 3 19,196 0 0
SPIRIT AIRLS COM 848577102 418 9,200 SH   SOLE 3 9,200 0 0
SPIRIT RLTY CAP INC COM 84860W102 87 8,800 SH   SOLE 3 8,800 0 0
SPX COM 784635104 149 1,500 SH   SOLE 3 1,500 0 0
ST JUDE MED COM 790849103 489 7,900 SH   SOLE 3 7,900 0 0
STAG INDL COM 85254J102 22 1,100 SH   SOLE 3 1,100 0 0
STANLEY BLACK & DECKER COM 854502101 365 4,524 SH   SOLE 3 4,524 0 0
STAPLES COM 855030102 315 19,800 SH   SOLE 3 19,800 0 0
STARBUCKS COM 855244109 1,646 21,000 SH   SOLE 3 21,000 0 0
STARWOOD HOTELS&RESORTS COM 85590A401 3,067 38,600 SH   OTR 3 38,600 0 0
STARWOOD HOTELS&RESORTS COM 85590A401 469 5,900 SH   SOLE 3 5,900 0 0
STATE STR COM 857477103 1,970 26,843 SH   SOLE 3 26,843 0 0
STERICYCLE COM 858912108 302 2,600 SH   SOLE 3 2,600 0 0
STEWART Enterprises INC NOTE 3.125% 7/1 860370AH8 5,583 4,480,000 PRN   DFND 4,1,2 4,480,000 0 0
STRATASYS SHS M85548101 235 1,804 SH   SOLE   1,804 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 14,023 1,483,967 SH   OTR 3 1,483,967 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 44 4,700 SH   SOLE 3 4,700 0 0
STRYKER COM 863667101 631 8,400 SH   SOLE 3 8,400 0 0
SUMMIT HOTEL COM 866082100 15 1,700 SH   SOLE 3 1,700 0 0
SUN CMNTYS COM 866674104 34 800 SH   SOLE 3 800 0 0
SUNPOWER COM 867652406 119 4,000 SH   SOLE 3 4,000 0 0
SUNSTONE HOTEL INVS INC COM 867892101 21,898 1,634,199 SH   OTR 3 1,634,199 0 0
SUNSTONE HOTEL INVS INC COM 867892101 61 4,570 SH   SOLE 3 4,570 0 0
SUNTRUST BKS COM 867914103 565 15,348 SH   SOLE 3 15,348 0 0
SUPERIOR ENERGY SVCS COM 868157108 112 4,200 SH   SOLE 3 4,200 0 0
SYMANTEC COM 871503108 245 10,478 SH   SOLE   10,478 0 0
SYMANTEC COM 871503108 450 19,100 SH   SOLE 3 19,100 0 0
SYNOPSYS COM 871607107 199 4,900 SH   SOLE 3 4,900 0 0
SYSCO COM 871829107 596 16,500 SH   SOLE 3 16,500 0 0
T-MOBILE US COM 872590104 180 5,350 SH   SOLE 3 5,350 0 0
TAIWAN SEMICONDUCTOR MFG LTD ADR 874039100 394 22,600 SH   SOLE 3 22,600 0 0
TANGER FACTORY OUTLET CTRS COM 875465106 12,634 394,560 SH   OTR 3 394,560 0 0
TANGER FACTORY OUTLET CTRS COM 875465106 77 2,400 SH   SOLE 3 2,400 0 0
TARGET COM 87612E106 1,057 16,700 SH   SOLE 3 16,700 0 0
TATA MTRS LTD ADR 876568502 333 10,800 SH   SOLE 3 10,800 0 0
TAUBMAN CTRS COM 876664103 22,462 351,404 SH   OTR 3 351,404 0 0
TAUBMAN CTRS COM 876664103 102 1,600 SH   SOLE 3 1,600 0 0
TD AMERITRADE HLDG COM 87236Y108 187 6,100 SH   SOLE 3 6,100 0 0
TE CONNECTIVITY LTD SHS H84989104 7,286 132,200 SH   OTR 3 132,200 0 0
TE CONNECTIVITY LTD SHS H84989104 8,075 146,525 SH   SOLE 3 146,525 0 0
TECH DATA COM 878237106 215 4,200 SH   SOLE   4,200 0 0
TELEFONICA BRASIL SA ADR 87936R106 15 800 SH   SOLE 3 800 0 0
TELEFONICA BRASIL SA ADR 87936R106 1,566 81,460 SH   SOLE 3 81,460 0 0
TENET HEALTHCARE COM NEW 88033G407 5,661 134,400 SH   OTR 3 134,400 0 0
TERADATA CORP COM 88076W103 223 4,900 SH   SOLE 3 4,900 0 0
TERRENO RLTY COM 88146M101 9 500 SH   SOLE 3 500 0 0
TESLA MTRS COM 88160R101 436 2,900 SH   SOLE 3 2,900 0 0
TESORO COM 881609101 203 3,600 SH   SOLE   3,600 0 0
TESORO COM 881609101 199 3,400 SH   SOLE 3 3,400 0 0
TEXAS INSTRS COM 882508104 1,335 30,400 SH   SOLE 3 30,400 0 0
TEXTRON COM 883203101 287 7,800 SH   SOLE 3 7,800 0 0
THE ADT COM 00101J106 255 6,312 SH   SOLE 3 6,312 0 0
THERMO FISHER SCIENTIFIC COM 883556102 456 4,094 SH   OTR 3 4,094 0 0
THERMO FISHER SCIENTIFIC COM 883556102 1,147 10,300 SH   SOLE 3 10,300 0 0
TIFFANY & CO COM 886547108 2,394 25,800 SH   OTR 3 25,800 0 0
TIFFANY & CO COM 886547108 353 3,800 SH   SOLE 3 3,800 0 0
TIM PARTICIPACOES S A ADR 88706P205 13 500 SH   SOLE 3 500 0 0
TIM PARTICIPACOES S A ADR 88706P205 3,362 128,136 SH   SOLE 3 128,136 0 0
TIME WARNER COM NEW 887317303 2,105 30,199 SH   SOLE 3 30,199 0 0
TIME WARNER CABLE COM 88732J207 81 600 SH   OTR 3 600 0 0
TIME WARNER CABLE COM 88732J207 1,119 8,260 SH   SOLE 3 8,260 0 0
TJX COS INC COM 872540109 6,494 101,900 SH   SOLE 3 101,900 0 0
TOLL BROTHERS COM 889478103 181 4,900 SH   SOLE 3 4,900 0 0
TORCHMARK COM 891027104 215 2,750 SH   SOLE 3 2,750 0 0
TOTAL SYS SVCS COM 891906109 165 4,951 SH   SOLE 3 4,951 0 0
TOWERS WATSON & CL A 891894107 191 1,500 SH   SOLE 3 1,500 0 0
TRACTOR SUPPLY COM 892356106 326 4,200 SH   SOLE 3 4,200 0 0
TRANSDIGM GROUP COM 893641100 193 1,200 SH   SOLE 3 1,200 0 0
TRANSOCEAN LTD SHS H8817H100 254 5,210 SH   SOLE   5,210 0 0
TRAVELERS COMPANIES COM 89417E109 962 10,623 SH   SOLE 3 10,623 0 0
TRIMBLE NAVIGATION COM 896239100 208 6,000 SH   SOLE 3 6,000 0 0
TRIPADVISOR COM 896945201 282 3,400 SH   SOLE 3 3,400 0 0
TRIUMPH GROUP INC COM 896818101 292 3,839 SH   DFND 4,1,2 3,839 0 0
TRIUMPH GROUP INC COM 896818101 2,685 35,300 SH   OTR 3 35,300 0 0
TRW AUTOMOTIVE HLDGS COM 87264S106 640 8,600 SH   SOLE 3 8,600 0 0
TTM TECHNOLOGIES COM 87305R109 3,392 395,400 SH   DFND 4,1,2 395,400 0 0
TUPPERWARE BRANDS COM 899896104 5,861 62,000 SH   SOLE 3 62,000 0 0
TWENTY FIRST CENTY FOX CL A 90130A101 1,521 43,250 SH   SOLE 3 43,250 0 0
TYCO INTERNATIONAL SHS H89128104 662 16,125 SH   SOLE 3 16,125 0 0
TYSON FOODS CL A 902494103 207 6,200 SH   OTR 3 6,200 0 0
TYSON FOODS CL A 902494103 261 7,800 SH   SOLE 3 7,800 0 0
U M H PROPERTIES COM 903002103 4 400 SH   SOLE 3 400 0 0
UDR COM 902653104 287,239 12,301,451 SH   OTR 3 12,301,451 0 0
UDR COM 902653104 299 12,800 SH   SOLE 3 12,800 0 0
ULTA SALON COSMETCS & FRAG COM 90384S303 174 1,800 SH   SOLE 3 1,800 0 0
ULTRAPAR PARTICIPACOES S A SP ADR COM 90400P101 21 900 SH   SOLE 3 900 0 0
ULTRAPAR PARTICIPACOES S A SP ADR COM 90400P101 12,903 545,600 SH   SOLE 3 545,600 0 0
UNDER ARMOUR CL A 904311107 175 2,000 SH   SOLE 3 2,000 0 0
UNION PAC COM 907818108 6,065 36,100 SH   OTR 3 36,100 0 0
UNION PAC COM 907818108 7,862 46,800 SH   SOLE 3 46,800 0 0
UNITED CONTL HLDGS COM 910047109 72 1,900 SH   SOLE 3 1,900 0 0
UNITED RENTALS COM 911363109 717 9,200 SH   SOLE 3 9,200 0 0
UNITED TECHNOLOGIES COM 913017109 4,268 37,500 SH   SOLE 3 37,500 0 0
UNITED THERAPEUTICS CORP DEL NOTE 1.000% 9/1 91307CAF9 11,894 5,000,000 PRN   DFND 4,1,2 5,000,000 0 0
UNITEDHEALTH GROUP COM 91324P102 264 3,500 SH   OTR 3 3,500 0 0
UNITEDHEALTH GROUP COM 91324P102 6,463 85,826 SH   SOLE 3 85,826 0 0
UNITES STATES OIL FUND LP UNITS 91232N108 1,954 55,000 SH   SOLE   55,000 0 0
UNUM COM 91529Y106 288 8,200 SH   SOLE 3 8,200 0 0
URBAN OUTFITTERS COM 917047102 148 4,000 SH   SOLE 3 4,000 0 0
URSTADT BIDDLE PPTYS CL A 917286205 13 700 SH   SOLE 3 700 0 0
US BANCORP COM NEW 902973304 8,173 202,300 SH   SOLE 3 202,300 0 0
Universal Health RLTY INCM INCM T SH BEN INT 91359E105 12 300 SH   SOLE 3 300 0 0
V F COM 918204108 623 10,000 SH   SOLE 3 10,000 0 0
VALE S ADR 91912E105 252 16,500 SH   SOLE 3 16,500 0 0
VALE S ADR 91912E105 604 39,600 SH   SOLE 3 39,600 0 0
VALERO ENERGY CORP COM 91913Y100 756 14,992 SH   SOLE 3 14,992 0 0
VALMONT INDS COM 920253101 238 1,599 SH   DFND 4,1,2 1,599 0 0
VARIAN MED SYS COM 92220P105 225 2,900 SH   SOLE 3 2,900 0 0
VENTAS COM 92276F100 463,238 8,087,262 SH   OTR 3 8,087,262 0 0
VENTAS COM 92276F100 895 15,624 SH   SOLE 3 15,624 0 0
VERISIGN COM 92343E102 281 4,700 SH   SOLE 3 4,700 0 0
VERISK ANALYTICS CL A 92345Y106 269 4,100 SH   SOLE 3 4,100 0 0
VERIZON COMMUNICATIONS COM 92343V104 218 4,443 SH   SOLE   4,443 0 0
VERIZON COMMUNICATIONS COM 92343V104 3,936 80,100 SH   SOLE 3 80,100 0 0
VERTEX PHARMACEUTICALS COM 92532F100 483 6,500 SH   SOLE 3 6,500 0 0
VISA INC CL A 92826C839 3,674 16,500 SH   OTR 3 16,500 0 0
VISA INC CL A 92826C839 4,075 18,300 SH   SOLE 3 18,300 0 0
VIVUS COM 928551100 227 25,000 SH   DFND 4,1,2 25,000 0 0
VIVUS COM 928551100 39 500 SH   DFND 4,1,2 500 0 0
VIVUS COM 928551100 87 416 SH   DFND 4,1,2 416 0 0
VMWARE INC CL COM 928563402 368 4,100 SH   SOLE 3 4,100 0 0
VULCAN MATLS COM 929160109 232 3,900 SH   SOLE 3 3,900 0 0
W P CAREY COM 92936U109 86 1,400 SH   SOLE 3 1,400 0 0
WAL-MART STORES COM 931142103 205 2,600 SH   OTR 3 2,600 0 0
WAL-MART STORES COM 931142103 3,573 45,400 SH   SOLE 3 45,400 0 0
WALGREEN COM 931422109 1,442 25,100 SH   SOLE 3 25,100 0 0
WASTE MGMT INC COM 94106L109 574 12,800 SH   SOLE 3 12,800 0 0
WATERS COM 941848103 240 2,400 SH   SOLE 3 2,400 0 0
WEATHERFORD INTERNATIONAL LT SHS H27013103 330 21,300 SH   SOLE 3 21,300 0 0
WEBMD HEALTH COM 94770V102 1,769 44,800 SH   DFND 4,1,2 44,800 0 0
WEBMD HEALTH COM 94770V102 51 2,165 SH   DFND 4,1,2 2,165 0 0
WEBMD HEALTH CORP NOTE 2.500% 1/3 94770VAF9 9,865 10,000,000 PRN   DFND 4,1,2 10,000,000 0 0
WELLPOINT COM 94973V107 841 9,100 SH   SOLE 3 9,100 0 0
WELLS FARGO & CO COM 949746101 5,218 114,926 SH   OTR 3 114,926 0 0
WELLS FARGO & CO COM 949746101 6,647 146,409 SH   SOLE 3 146,409 0 0
WESCO AIRCRAFT HLDGS COM 950814103 445 20,300 SH   SOLE 3 20,300 0 0
WESTAR ENERGY COM 95709T100 84 2,600 SH   OTR 3 2,600 0 0
WESTERN DIGITAL COM 958102105 562 6,700 SH   SOLE 3 6,700 0 0
WESTERN UN COM 959802109 277 16,046 SH   SOLE 3 16,046 0 0
WEYERHAEUSER COM 962166104 520 16,458 SH   SOLE 3 16,458 0 0
WHIRLPOOL COM 963320106 461 2,940 SH   SOLE 3 2,940 0 0
WHITESTONE COM 966084204 7 500 SH   SOLE 3 500 0 0
WHITING PETE CORP COM 966387102 204 3,300 SH   SOLE 3 3,300 0 0
WHOLE FOODS MKT COM 966837106 596 10,300 SH   SOLE 3 10,300 0 0
WILLIAMS COS INC COM 969457100 779 20,200 SH   SOLE 3 20,200 0 0
WILLIS GROUP HOLDINGS SHS G96666105 220 4,900 SH   SOLE 3 4,900 0 0
WINDSTREAM HLDGS COM 97382A101 149 18,700 SH   SOLE 3 18,700 0 0
WISCONSIN ENERGY COM 976657106 306 7,400 SH   SOLE 3 7,400 0 0
WOODWARD COM 980745103 196 4,300 SH   SOLE 3 4,300 0 0
WYNDHAM WORLDWIDE COM 98310W108 236 3,200 SH   SOLE 3 3,200 0 0
WYNN RESORTS COM 983134107 466 2,400 SH   SOLE 3 2,400 0 0
XCEL ENERGY COM 98389B100 397 14,200 SH   SOLE 3 14,200 0 0
XEROX COM 984121103 180 14,873 SH   SOLE   14,873 0 0
XEROX COM 984121103 385 31,653 SH   SOLE 3 31,653 0 0
XILINKS INC SDCV SDCV 3.125% 3/1 983919AD3 28,603 18,000,000 PRN   DFND 4,1,2 18,000,000 0 0
XILINX COM 983919101 358 7,800 SH   SOLE 3 7,800 0 0
XL GROUP SHS G98290102 271 8,500 SH   SOLE 3 8,500 0 0
XYLEM COM 98419M100 239 6,900 SH   SOLE 3 6,900 0 0
YAHOO COM 984332106 1,076 26,600 SH   SOLE 3 26,600 0 0
YANZHOU COAL MNG CO LTD SPON ADR SHS 984846105 9 1,000 SH   SOLE 3 1,000 0 0
YELP CL A 985817105 339 5,140 SH   SOLE   5,140 0 0
YUM BRANDS COM 988498101 945 12,500 SH   SOLE 3 12,500 0 0
ZILLOW CL A 98954A107 703 8,754 SH   SOLE   8,754 0 0
ZIMMER HLDGS COM 98956P102 466 5,000 SH   SOLE 3 5,000 0 0
ZOETIS CL A 98978V103 382 11,700 SH   SOLE 3 11,700 0 0