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
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 503 27,448 SH   SOLE 27,448 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 377 13,827 SH   SOLE 13,827 0 0
CAPITAL PRODUCT PARTNERS L P COM UNIT LP Y11082107 485 53,877 SH   SOLE 53,877 0 0
CENTURYLINK INC COM 156700106 443 14,109 SH   SOLE 14,109 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 493 18,719 SH   SOLE 18,719 0 0
CHESAPEAKE GRANITE WASH TR COM SH BEN INT 165185109 441 33,064 SH   SOLE 33,064 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 486 22,161 SH   SOLE 22,161 0 0
CPFL ENERGIA S A SPONSORED ADR 126153105 504 29,192 SH   SOLE 29,192 0 0
CVR PARTNERS LP COM 126633106 392 22,141 SH   SOLE 22,141 0 0
DONNELLEY R R & SONS CO COM 257867101 577 36,538 SH   SOLE 36,538 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 520 9,979 SH   SOLE 9,979 0 0
EXTERRAN PARTNERS LP COM UNITS 30225N105 485 16,669 SH   SOLE 16,669 0 0
FERRELLGAS PARTNERS L.P. UNIT LTD PART 315293100 512 22,976 SH   SOLE 22,976 0 0
FIRST TR LRGE CP CORE ALPHA COM SHS 33734K109 14,116 393,650 SH   DFND 1 0 393,650 0
FIRST TR MID CAP CORE ALPHAD COM SHS 33735B108 14,636 349,800 SH   DFND 1 0 349,800 0
GLOBAL PARTNERS LP COM UNITS 37946R109 459 13,200 SH   SOLE 13,200 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 574 20,290 SH   SOLE 20,290 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 514 50,244 SH   SOLE 50,244 0 0
ISHARES 7-10 Y TR BD ETF 464287440 36,361 356,097 SH   DFND 1 0 356,097 0
ISHARES BELGIUM CAPD ETF 464286301 9,540 619,899 SH   DFND 1 0 619,899 0
ISHARES MSCI GERMANY ETF 464286806 10,259 368,900 SH   DFND 1 0 368,900 0
ISHARES MSCI JAPAN ETF 464286848 25,632 2,199,350 SH   DFND 1 0 2,199,350 0
ISHARES MSCI NETHERL ETF 464286814 9,365 393,500 SH   DFND 1 0 393,500 0
ISHARES MSCI SZ CAP ETF 464286749 10,681 341,350 SH   DFND 1 0 341,350 0
ISHARES U.S. CNSM SV ETF 464287580 12,973 117,970 SH   DFND 1 0 117,970 0
ISHARES U.S. FINLS ETF 464287788 12,671 172,910 SH   DFND 1 0 172,910 0
ISHARES US HLTHCARE ETF 464287762 13,135 122,850 SH   DFND 1 0 122,850 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 13,014 291,800 SH   DFND 1 0 291,800 0
LEGACY RESERVES LP UNIT LP INT 524707304 501 18,541 SH   SOLE 18,541 0 0
LRR ENERGY LP COM 50214A104 532 33,384 SH   SOLE 33,384 0 0
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT 573331105 532 11,339 SH   SOLE 11,339 0 0
MID CON ENERGY PARTNERS LP COM UNIT REPST 59560V109 527 22,553 SH   SOLE 22,553 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 608 27,321 SH   SOLE 27,321 0 0
NATURAL RESOURCE PARTNERS L COM UNIT L P 63900P103 466 24,487 SH   SOLE 24,487 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 511 34,878 SH   SOLE 34,878 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 399 20,242 SH   SOLE 20,242 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 430 10,710 SH   SOLE 10,710 0 0
PAA NAT GAS STORAGE L P COM UNIT LTD 693139107 556 23,871 SH   SOLE 23,871 0 0
PETROLOGISTICS LP UNIT LTD PTH INT 71672U101 469 39,216 SH   SOLE 39,216 0 0
PVR PARTNERS L P COM UNIT REPTG L 693665101 457 19,784 SH   SOLE 19,784 0 0
QR ENERGY LP UNIT LTD PRTNS 74734R108 480 29,477 SH   SOLE 29,477 0 0
SANDRIDGE MISSISSIPPIAN TR I UNIT BEN INT 80007T101 477 36,105 SH   SOLE 36,105 0 0
SANDRIDGE PERMIAN TR COM UNIT BEN INT 80007A102 477 33,557 SH   SOLE 33,557 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 14,146 354,400 SH   DFND 1 0 354,400 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 15,110 406,000 SH   DFND 1 0 406,000 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 15,158 951,000 SH   DFND 1 0 951,000 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 447 19,169 SH   SOLE 19,169 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 14,165 216,500 SH   DFND 1 0 216,500 0
STONEMOR PARTNERS L P COM UNITS 86183Q100 469 19,832 SH   SOLE 19,832 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 506 10,822 SH   SOLE 10,822 0 0
SUN CMNTYS INC COM 866674104 439 10,293 SH   SOLE 10,293 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 506 10,388 SH   SOLE 10,388 0 0
TERRA NITROGEN CO L P COM UNIT 881005201 478 2,357 SH   SOLE 2,357 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 36,366 452,484 SH   DFND 1 0 452,484 0
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 62,380 880,650 SH   DFND 1 0 880,650 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 60,825 708,350 SH   DFND 1 0 708,350 0
VANGUARD INDEX FDS VALUE ETF 922908744 15,235 257,000 SH   DFND 1 0 257,000 0
WHITING USA TR II TR UNIT 966388100 489 38,130 SH   SOLE 38,130 0 0