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
AFLAC INC COM 001055102 23,487 324,315 SH   DFND 1 0 324,315 0
AFLAC INC COM 001055102 2,992 41,317 SH   SOLE   41,317 0 0
AES CORP COM 00130H105 455 40,674 SH   DFND 1 0 40,674 0
AT&T INC COM 00206R102 23,128 556,620 SH   DFND 1 0 556,620 0
AT&T INC COM 00206R102 9,704 233,554 SH   SOLE   233,554 0 0
ABBVIE INC COM 00287Y109 10,875 166,894 SH   DFND 1 0 166,894 0
ABBVIE INC COM 00287Y109 5,855 89,855 SH   SOLE   89,855 0 0
ABSOLUTE SHS TR WBI TACTICAL SMG 00400R106 43,801 1,855,957 SH   SOLE   1,855,957 0 0
ABSOLUTE SHS TR WBI TACTICAL SMV 00400R205 45,680 1,836,659 SH   SOLE   1,836,659 0 0
ABSOLUTE SHS TR WBI TACTICAL SMY 00400R304 60,696 2,727,919 SH   SOLE   2,727,919 0 0
ABSOLUTE SHS TR WBI TACTICAL SMS 00400R403 50,103 2,157,281 SH   SOLE   2,157,281 0 0
ABSOLUTE SHS TR WBI LGCAP WBIE 00400R502 46,959 1,981,467 SH   SOLE   1,981,467 0 0
ABSOLUTE SHS TR WBI TACTCL LCV 00400R601 47,031 1,840,748 SH   SOLE   1,840,748 0 0
ABSOLUTE SHS TR WBI TACTICAL LCY 00400R700 65,048 2,926,149 SH   SOLE   2,926,149 0 0
ABSOLUTE SHS TR WBI TACTICAL LCS 00400R809 54,693 2,230,139 SH   SOLE   2,230,139 0 0
ABSOLUTE SHS TR WBI PWR FCTR ETF 00400R858 2,486 102,051 SH   SOLE   102,051 0 0
ABSOLUTE SHS TR WBI TACTL ROTN 00400R866 6,966 285,845 SH   SOLE   285,845 0 0
ABSOLUTE SHS TR WBI TCT INC SH 00400R874 190,214 7,575,218 SH   SOLE   7,575,218 0 0
ABSOLUTE SHS TR WBI TCT HG INC 00400R882 110,983 4,563,446 SH   SOLE   4,563,446 0 0
ALASKA AIR GROUP INC COM 011659109 3,308 35,876 SH   SOLE   35,876 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 1,923 53,320 SH   DFND 1 0 53,320 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 2,132 59,128 SH   SOLE   59,128 0 0
AMERISAFE INC COM 03071H100 2,944 45,369 SH   DFND 1 0 45,369 0
AMERISOURCEBERGEN CORP COM 03073E105 439 4,966 SH   DFND 1 0 4,966 0
ANALOG DEVICES INC COM 032654105 2,390 29,170 SH   DFND 1 0 29,170 0
ANALOG DEVICES INC COM 032654105 2,152 26,262 SH   SOLE   26,262 0 0
ANTHEM INC COM 036752103 1,261 7,624 SH   DFND 1 0 7,624 0
APOGEE ENTERPRISES INC COM 037598109 1,520 25,497 SH   DFND 1 0 25,497 0
APPLE INC COM 037833100 6,161 42,884 SH   DFND 1 0 42,884 0
APPLE INC COM 037833100 3,682 25,630 SH   SOLE   25,630 0 0
APPLIED MATLS INC COM 038222105 5,056 129,962 SH   DFND 1 0 129,962 0
AVERY DENNISON CORP COM 053611109 2,618 32,485 SH   DFND 1 0 32,485 0
AVERY DENNISON CORP COM 053611109 6,018 74,669 SH   SOLE   74,669 0 0
BARCLAYS BK PLC IPATH S&P MLP 06742a750 522 24,893 SH   DFND 1 0 24,893 0
BARCLAYS BK PLC ETN+ SEL MLP 06742c723 676 28,287 SH   DFND 1 0 28,287 0
BARNES GROUP INC COM 067806109 4,447 86,610 SH   DFND 1 0 86,610 0
BERKSHIRE HILLS BANCORP INC COM 084680107 1,013 28,109 SH   SOLE   28,109 0 0
BEST BUY INC COM 086516101 3,975 80,867 SH   DFND 1 0 80,867 0
BEST BUY INC COM 086516101 4,194 85,332 SH   SOLE   85,332 0 0
BIG 5 SPORTING GOODS CORP COM 08915P101 79 5,261 SH   DFND 1 0 5,261 0
BIG 5 SPORTING GOODS CORP COM 08915P101 594 39,309 SH   SOLE   39,309 0 0
BLACKROCK INC COM 09247X101 2,386 6,222 SH   DFND 1 0 6,222 0
BLACKROCK INC COM 09247X101 1,424 3,712 SH   SOLE   3,712 0 0
BLOCK H & R INC COM 093671105 3,722 160,085 SH   DFND 1 0 160,085 0
BLOCK H & R INC COM 093671105 15,861 682,183 SH   SOLE   682,183 0 0
BOEING CO COM 097023105 1,068 6,036 SH   DFND 1 0 6,036 0
BOEING CO COM 097023105 11 61 SH   SOLE   61 0 0
BORGWARNER INC COM 099724106 3,148 75,319 SH   DFND 1 0 75,319 0
BRADY CORP CL A 104674106 1,319 34,118 SH   SOLE   34,118 0 0
BRIGGS & STRATTON CORP COM 109043109 1,712 76,246 SH   DFND 1 0 76,246 0
BRIGGS & STRATTON CORP COM 109043109 1,220 54,344 SH   SOLE   54,344 0 0
BROWN & BROWN INC COM 115236101 2,289 54,861 SH   DFND 1 0 54,861 0
CBS CORP NEW CL B 124857202 2,559 36,897 SH   DFND 1 0 36,897 0
CA INC COM 12673P105 3,425 107,984 SH   DFND 1 0 107,984 0
CABOT CORP COM 127055101 4,814 80,359 SH   DFND 1 0 80,359 0
CABOT CORP COM 127055101 1,166 19,461 SH   SOLE   19,461 0 0
CABOT MICROELECTRONICS CORP COM 12709P103 1,584 20,676 SH   DFND 1 0 20,676 0
CARETRUST REIT INC COM 14174t107 2,162 128,554 SH   SOLE   128,554 0 0
CELANESE CORP DEL COM SER A 150870103 2,594 28,873 SH   DFND 1 0 28,873 0
CELANESE CORP DEL COM SER A 150870103 3,455 38,448 SH   SOLE   38,448 0 0
CENTERPOINT ENERGY INC COM 15189t107 8,572 310,913 SH   DFND 1 0 310,913 0
CENTERPOINT ENERGY INC COM 15189t107 18,592 674,370 SH   SOLE   674,370 0 0
CHASE CORP COM 16150R104 848 8,888 SH   DFND 1 0 8,888 0
CHEESECAKE FACTORY INC COM 163072101 3,692 58,277 SH   DFND 1 0 58,277 0
CHURCH & DWIGHT INC COM 171340102 334 6,692 SH   SOLE   6,692 0 0
CISCO SYS INC COM 17275r102 3,394 100,427 SH   DFND 1 0 100,427 0
CLAYMORE EXCHANGE TRD FD TR GUGG BULSH 2022 18383m258 5,718 271,647 SH   DFND 1 0 271,647 0
CLAYMORE EXCHANGE TRD FD TR GUGG BULSH 2022 18383m258 12,156 577,492 SH   SOLE   577,492 0 0
COACH INC COM 189754104 8,939 216,286 SH   DFND 1 0 216,286 0
COACH INC COM 189754104 9,782 236,684 SH   SOLE   236,684 0 0
COLUMBIA SPORTSWEAR CO COM 198516106 1,928 32,817 SH   DFND 1 0 32,817 0
COMCAST CORP NEW CL A 20030n101 2,404 63,950 SH   DFND 1 0 63,950 0
CONAGRA BRANDS INC COM 205887102 4,066 100,792 SH   DFND 1 0 100,792 0
CONAGRA BRANDS INC COM 205887102 960 23,797 SH   SOLE   23,797 0 0
CONSOLIDATED EDISON INC COM 209115104 461 5,934 SH   DFND 1 0 5,934 0
CORNING INC COM 219350105 2,140 79,269 SH   DFND 1 0 79,269 0
CORNING INC COM 219350105 415 15,357 SH   SOLE   15,357 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 300 1,883 SH   DFND 1 0 1,883 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 9,504 59,680 SH   SOLE   59,680 0 0
CRANE CO COM 224399105 1,185 15,841 SH   DFND 1 0 15,841 0
CUMMINS INC COM 231021106 585 3,872 SH   SOLE   3,872 0 0
DTE ENERGY CO COM 233331107 4,371 42,809 SH   DFND 1 0 42,809 0
DSW INC CL A 23334L102 243 11,757 SH   DFND 1 0 11,757 0
DARDEN RESTAURANTS INC COM 237194105 8,513 101,739 SH   DFND 1 0 101,739 0
DEAN FOODS CO NEW COM NEW 242370203 827 42,049 SH   SOLE   42,049 0 0
DELUXE CORP COM 248019101 2,010 27,856 SH   DFND 1 0 27,856 0
DEVRY ED GROUP INC COM 251893103 2,999 84,593 SH   DFND 1 0 84,593 0
DIGITAL RLTY TR INC COM 253868103 2,492 23,426 SH   DFND 1 0 23,426 0
DIGITAL RLTY TR INC COM 253868103 2,061 19,369 SH   SOLE   19,369 0 0
DISCOVER FINL SVCS COM 254709108 512 7,481 SH   SOLE   7,481 0 0
DOLBY LABORATORIES INC COM 25659T107 1,764 33,653 SH   DFND 1 0 33,653 0
DOMINOS PIZZA INC COM 25754A201 732 3,971 SH   DFND 1 0 3,971 0
DOW CHEM CO COM 260543103 358 5,630 SH   DFND 1 0 5,630 0
DOW CHEM CO COM 260543103 1,521 23,942 SH   SOLE   23,942 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,401 24,521 SH   DFND 1 0 24,521 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 426 4,346 SH   SOLE   4,346 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 4,765 59,320 SH   DFND 1 0 59,320 0
DU PONT E I DE NEMOURS & CO COM 263534109 15,518 193,180 SH   SOLE   193,180 0 0
DUPONT FABROS TECHNOLOGY INC COM 26613q106 1,537 30,989 SH   SOLE   30,989 0 0
EAST WEST BANCORP INC COM 27579R104 6,495 125,847 SH   DFND 1 0 125,847 0
EASTMAN CHEM CO COM 277432100 619 7,664 SH   DFND 1 0 7,664 0
EATON VANCE CORP COM NON VTG 278265103 578 12,850 SH   DFND 1 0 12,850 0
EMPLOYERS HOLDINGS INC COM 292218104 1,040 27,416 SH   DFND 1 0 27,416 0
EMPLOYERS HOLDINGS INC COM 292218104 646 17,030 SH   SOLE   17,030 0 0
ENTERGY CORP NEW COM 29364G103 618 8,136 SH   DFND 1 0 8,136 0
EXELON CORP COM 30161N101 2,511 69,789 SH   DFND 1 0 69,789 0
EXELON CORP COM 30161N101 66 1,833 SH   SOLE   1,833 0 0
FIDELITY & GTY LIFE COM 315785105 2,106 75,743 SH   DFND 1 0 75,743 0
FIRST AMERN FINL CORP COM 31847R102 234 5,956 SH   DFND 1 0 5,956 0
FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734x119 1,141 24,737 SH   DFND 1 0 24,737 0
FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734x119 79 1,716 SH   SOLE   1,716 0 0
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734x135 460 16,589 SH   DFND 1 0 16,589 0
FIRST TR EXCHANGE TRADED FD FIRST TR ENH NEW 33739q408 17,363 289,531 SH   DFND 1 0 289,531 0
FIRST TR EXCHANGE TRADED FD FIRST TR ENH NEW 33739q408 1,407 23,466 SH   SOLE   23,466 0 0
FLOWERS FOODS INC COM 343498101 315 16,213 SH   DFND 1 0 16,213 0
FOOT LOCKER INC COM 344849104 8,272 110,576 SH   DFND 1 0 110,576 0
FOOT LOCKER INC COM 344849104 2,202 29,439 SH   SOLE   29,439 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,021 87,736 SH   DFND 1 0 87,736 0
FULLER H B CO COM 359694106 835 16,195 SH   DFND 1 0 16,195 0
GNC HLDGS INC COM CL A 36191G107 228 30,923 SH   DFND 1 0 30,923 0
GALLAGHER ARTHUR J & CO COM 363576109 8,477 149,933 SH   DFND 1 0 149,933 0
GALLAGHER ARTHUR J & CO COM 363576109 2,177 38,503 SH   SOLE   38,503 0 0
GAMESTOP CORP NEW CL A 36467W109 450 19,958 SH   DFND 1 0 19,958 0
GENERAL MTRS CO COM 37045V100 984 27,837 SH   DFND 1 0 27,837 0
GENERAL MTRS CO COM 37045V100 24 669 SH   SOLE   669 0 0
GENTEX CORP COM 371901109 3,740 175,324 SH   DFND 1 0 175,324 0
GOODYEAR TIRE & RUBR CO COM 382550101 7,817 217,141 SH   DFND 1 0 217,141 0
GOODYEAR TIRE & RUBR CO COM 382550101 642 17,825 SH   SOLE   17,825 0 0
GREAT PLAINS ENERGY INC COM 391164100 514 17,597 SH   DFND 1 0 17,597 0
GREENHILL & CO INC COM 395259104 3,382 115,424 SH   DFND 1 0 115,424 0
GREENHILL & CO INC COM 395259104 2,739 93,478 SH   SOLE   93,478 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109 1,492 20,147 SH   DFND 1 0 20,147 0
HSN INC COM 404303109 4,665 125,747 SH   DFND 1 0 125,747 0
HSN INC COM 404303109 303 8,173 SH   SOLE   8,173 0 0
HP INC COM 40434l105 17,926 1,002,582 SH   DFND 1 0 1,002,582 0
HP INC COM 40434l105 12,082 675,734 SH   SOLE   675,734 0 0
HARRIS CORP DEL COM 413875105 1,596 14,347 SH   DFND 1 0 14,347 0
HARTFORD FINL SVCS GROUP INC COM 416515104 4,346 90,407 SH   DFND 1 0 90,407 0
HARTFORD FINL SVCS GROUP INC COM 416515104 4,002 83,245 SH   SOLE   83,245 0 0
HASBRO INC COM 418056107 5,075 50,843 SH   DFND 1 0 50,843 0
HASBRO INC COM 418056107 2,904 29,092 SH   SOLE   29,092 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 5,085 152,647 SH   DFND 1 0 152,647 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 529 15,869 SH   SOLE   15,869 0 0
HEALTHSOUTH CORP COM NEW 421924309 2,335 54,553 SH   DFND 1 0 54,553 0
HEALTHSOUTH CORP COM NEW 421924309 3,038 70,965 SH   SOLE   70,965 0 0
HEALTHCARE RLTY TR COM 421946104 1,417 43,603 SH   DFND 1 0 43,603 0
HENRY JACK & ASSOC INC COM 426281101 2,023 21,727 SH   DFND 1 0 21,727 0
HILLENBRAND INC COM 431571108 1,528 42,628 SH   DFND 1 0 42,628 0
HOLLYFRONTIER CORP COM 436106108 2,407 84,940 SH   DFND 1 0 84,940 0
HOLLYFRONTIER CORP COM 436106108 1,698 59,920 SH   SOLE   59,920 0 0
HOME DEPOT INC COM 437076102 1,122 7,640 SH   SOLE   7,640 0 0
HUBBELL INC COM 443510607 1,548 12,893 SH   SOLE   12,893 0 0
HUNTINGTON BANCSHARES INC COM 446150104 1,040 77,641 SH   SOLE   77,641 0 0
ILG INC COM 44967h101 5,106 243,588 SH   DFND 1 0 243,588 0
ILG INC COM 44967h101 7,984 380,931 SH   SOLE   380,931 0 0
IDEX CORP COM 45167R104 556 5,945 SH   DFND 1 0 5,945 0
ILLINOIS TOOL WKS INC COM 452308109 2,051 15,480 SH   DFND 1 0 15,480 0
ILLINOIS TOOL WKS INC COM 452308109 282 2,130 SH   SOLE   2,130 0 0
INTEL CORP COM 458140100 2,208 61,225 SH   DFND 1 0 61,225 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 2,775 46,348 SH   DFND 1 0 46,348 0
INTERNATIONAL BUSINESS MACHS COM 459200101 348 1,997 SH   DFND 1 0 1,997 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,747 15,773 SH   SOLE   15,773 0 0
INTL PAPER CO COM 460146103 332 6,543 SH   DFND 1 0 6,543 0
INTERPUBLIC GROUP COS INC COM 460690100 12,566 511,434 SH   DFND 1 0 511,434 0
INTERPUBLIC GROUP COS INC COM 460690100 8,014 326,168 SH   SOLE   326,168 0 0
ISHARES EM HGHYL BD ETF 464286285 20,112 402,809 SH   DFND 1 0 402,809 0
ISHARES EM HGHYL BD ETF 464286285 1,941 38,871 SH   SOLE   38,871 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 1,847 47,975 SH   DFND 1 0 47,975 0
ISHARES TR CHINA LG-CAP ETF 464287184 733 19,033 SH   SOLE   19,033 0 0
ISHARES TR 7-10YR TR BD ETF 464287440 6,501 61,569 SH   SOLE   61,569 0 0
ISHARES TR MSCI EAFE ETF 464287465 1,110 17,820 SH   DFND 1 0 17,820 0
ISHARES TR COHEN&STEER REIT 464287564 247 2,473 SH   SOLE   2,473 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 1,821 15,839 SH   DFND 1 0 15,839 0
ISHARES TR RUS 1000 GRW ETF 464287614 312 2,745 SH   SOLE   2,745 0 0
ISHARES TR S&P MC 400VL ETF 464287705 299 2,014 SH   SOLE   2,014 0 0
ISHARES TR SP SMCP600GR ETF 464287887 303 1,979 SH   SOLE   1,979 0 0
ISHARES TR INTL TREA BD ETF 464288117 14,969 163,777 SH   DFND 1 0 163,777 0
ISHARES TR INTL TREA BD ETF 464288117 25,481 278,783 SH   SOLE   278,783 0 0
ISHARES TR A AGENCY BOND ETF 464288166 26,340 232,994 SH   DFND 1 0 232,994 0
ISHARES TR A AGENCY BOND ETF 464288166 2,133 18,867 SH   SOLE   18,867 0 0
ISHARES TR MSCI ACWI ETF 464288257 1,247 19,716 SH   DFND 1 0 19,716 0
ISHARES TR MSCI ACWI ETF 464288257 635 10,033 SH   SOLE   10,033 0 0
ISHARES TR IBOXX HI YD ETF 464288513 23,223 264,558 SH   DFND 1 0 264,558 0
ISHARES TR IBOXX HI YD ETF 464288513 29,790 339,368 SH   SOLE   339,368 0 0
ISHARES TR U.S. PFD STK ETF 464288687 13,621 351,968 SH   DFND 1 0 351,968 0
ISHARES TR U.S. PFD STK ETF 464288687 26,395 682,042 SH   SOLE   682,042 0 0
ISHARES 10+ YR CR BD ETF 464289511 13,937 235,258 SH   SOLE   235,258 0 0
ISHARES TR MSCI INDIA ETF 46429b598 378 12,000 SH   SOLE   12,000 0 0
JPMORGAN CHASE & CO A ALERIAN ML ETN 46625h365 461 14,276 SH   SOLE   14,276 0 0
JOHNSON & JOHNSON COM 478160104 2,332 18,720 SH   DFND 1 0 18,720 0
JOHNSON OUTDOORS INC CL A 479167108 699 19,154 SH   DFND 1 0 19,154 0
J2 GLOBAL INC COM 48123V102 1,909 22,756 SH   DFND 1 0 22,756 0
J2 GLOBAL INC COM 48123V102 2,171 25,876 SH   SOLE   25,876 0 0
JUNIPER NETWORKS INC COM 48203R104 3,659 131,493 SH   DFND 1 0 131,493 0
KAR AUCTION SVCS INC COM 48238T109 1,399 32,046 SH   DFND 1 0 32,046 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241a105 1,011 22,994 SH   SOLE   22,994 0 0
KAISER ALUMINUM CORP COM PAR $0.01 483007704 727 9,100 SH   DFND 1 0 9,100 0
KELLY SVCS INC CL A 488152208 547 25,000 SH   DFND 1 0 25,000 0
KIMBALL INTL INC CL B 494274103 537 32,554 SH   DFND 1 0 32,554 0
KIMBALL INTL INC CL B 494274103 162 9,830 SH   SOLE   9,830 0 0
KIMBERLY CLARK CORP COM 494368103 13,066 99,266 SH   DFND 1 0 99,266 0
KIMBERLY CLARK CORP COM 494368103 12,980 98,609 SH   SOLE   98,609 0 0
KOHLS CORP COM 500255104 543 13,646 SH   DFND 1 0 13,646 0
L BRANDS INC COM 501797104 346 7,353 SH   DFND 1 0 7,353 0
LPL FINL HLDGS INC COM 50212V100 1,540 38,671 SH   DFND 1 0 38,671 0
L3 TECHNOLOGIES INC COM 502413107 2,179 13,180 SH   DFND 1 0 13,180 0
L3 TECHNOLOGIES INC COM 502413107 5,283 31,964 SH   SOLE   31,964 0 0
LAKELAND FINL CORP COM 511656100 966 22,410 SH   DFND 1 0 22,410 0
LEGGETT & PLATT INC COM 524660107 7,502 149,092 SH   DFND 1 0 149,092 0
LENNOX INTL INC COM 526107107 1,869 11,170 SH   DFND 1 0 11,170 0
LINCOLN ELEC HLDGS INC COM 533900106 727 8,373 SH   DFND 1 0 8,373 0
LINCOLN ELEC HLDGS INC COM 533900106 632 7,276 SH   SOLE   7,276 0 0
LITTELFUSE INC COM 537008104 738 4,612 SH   DFND 1 0 4,612 0
LOCKHEED MARTIN CORP COM 539830109 5,932 22,168 SH   DFND 1 0 22,168 0
M D C HLDGS INC COM 552676108 3,541 117,827 SH   DFND 1 0 117,827 0
MDU RES GROUP INC COM 552690109 370 13,523 SH   SOLE   13,523 0 0
MACYS INC COM 55616P104 574 19,352 SH   DFND 1 0 19,352 0
MANPOWERGROUP INC COM 56418H100 988 9,634 SH   SOLE   9,634 0 0
MARATHON PETE CORP COM 56585A102 4,854 96,034 SH   DFND 1 0 96,034 0
MARATHON PETE CORP COM 56585A102 30 589 SH   SOLE   589 0 0
MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 1,934 19,350 SH   DFND 1 0 19,350 0
MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 683 6,838 SH   SOLE   6,838 0 0
MARSH & MCLENNAN COS INC COM 571748102 387 5,236 SH   DFND 1 0 5,236 0
MARSH & MCLENNAN COS INC COM 571748102 87 1,172 SH   SOLE   1,172 0 0
MASCO CORP COM 574599106 2,576 75,797 SH   DFND 1 0 75,797 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3,309 73,609 SH   SOLE   73,609 0 0
MERCK & CO INC COM 58933Y105 2,526 39,748 SH   DFND 1 0 39,748 0
MEREDITH CORP COM 589433101 8,677 134,326 SH   DFND 1 0 134,326 0
MEREDITH CORP COM 589433101 3,235 50,085 SH   SOLE   50,085 0 0
METHODE ELECTRS INC COM 591520200 1,480 32,450 SH   DFND 1 0 32,450 0
METLIFE INC COM 59156R108 3,105 58,777 SH   DFND 1 0 58,777 0
MICROSOFT CORP COM 594918104 3,365 51,100 SH   DFND 1 0 51,100 0
MICROSOFT CORP COM 594918104 13 200 SH   SOLE   200 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 5,899 79,955 SH   DFND 1 0 79,955 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 419 29,381 SH   SOLE   29,381 0 0
NASDAQ INC COM 631103108 2,683 38,634 SH   DFND 1 0 38,634 0
NATIONAL FUEL GAS CO N J COM 636180101 1,820 30,526 SH   DFND 1 0 30,526 0
NATIONAL FUEL GAS CO N J COM 636180101 8,394 140,794 SH   SOLE   140,794 0 0
NAVIENT CORPORATION COM 63938c108 231 15,638 SH   SOLE   15,638 0 0
NELNET INC CL A 64031N108 1,118 25,500 SH   DFND 1 0 25,500 0
NORTHERN TR CORP COM 665859104 802 9,260 SH   SOLE   9,260 0 0
OLD NATL BANCORP IND COM 680033107 4,174 240,578 SH   SOLE   240,578 0 0
OLD REP INTL CORP COM 680223104 3,080 150,400 SH   DFND 1 0 150,400 0
OMNICOM GROUP INC COM 681919106 2,800 32,477 SH   DFND 1 0 32,477 0
OMNICOM GROUP INC COM 681919106 14,695 170,460 SH   SOLE   170,460 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 1,328 40,240 SH   SOLE   40,240 0 0
OWENS CORNING NEW COM 690742101 4,957 80,772 SH   DFND 1 0 80,772 0
OWENS CORNING NEW COM 690742101 3,178 51,788 SH   SOLE   51,788 0 0
PPL CORP COM 69351t106 573 15,319 SH   DFND 1 0 15,319 0
PPL CORP COM 69351t106 2,425 64,853 SH   SOLE   64,853 0 0
PACKAGING CORP AMER COM 695156109 3,823 41,731 SH   DFND 1 0 41,731 0
PACKAGING CORP AMER COM 695156109 2,959 32,293 SH   SOLE   32,293 0 0
PIER 1 IMPORTS INC COM 720279108 851 118,826 SH   DFND 1 0 118,826 0
PIER 1 IMPORTS INC COM 720279108 32 4,475 SH   SOLE   4,475 0 0
PITNEY BOWES INC COM 724479100 235 17,936 SH   DFND 1 0 17,936 0
POLARIS INDS INC COM 731068102 1,131 13,498 SH   DFND 1 0 13,498 0
POLYONE CORP COM 73179P106 692 20,301 SH   DFND 1 0 20,301 0
POWERSHARES ETF TRUST II INTL CORP BOND 73936q835 13,708 548,759 SH   DFND 1 0 548,759 0
POWERSHARES ETF TRUST II INTL CORP BOND 73936q835 1,472 58,940 SH   SOLE   58,940 0 0
POWERSHARES ETF TR II S&P600 LOVL PT 73937b639 1,222 28,501 SH   DFND 1 0 28,501 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937b654 524 12,932 SH   SOLE   12,932 0 0
PRIMERICA INC COM 74164M108 3,312 40,289 SH   DFND 1 0 40,289 0
PRINCIPAL FINL GROUP INC COM 74251V102 3,846 60,940 SH   DFND 1 0 60,940 0
PROVIDENT FINL SVCS INC COM 74386T105 1,320 51,074 SH   DFND 1 0 51,074 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 2,978 67,138 SH   DFND 1 0 67,138 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4,331 97,656 SH   SOLE   97,656 0 0
PUBLIC STORAGE COM 74460D109 337 1,539 SH   SOLE   1,539 0 0
QUAD / GRAPHICS INC COM CL A 747301109 1,455 57,664 SH   DFND 1 0 57,664 0
QUAD / GRAPHICS INC COM CL A 747301109 330 13,071 SH   SOLE   13,071 0 0
QUAKER CHEM CORP COM 747316107 1,481 11,252 SH   DFND 1 0 11,252 0
QUEST DIAGNOSTICS INC COM 74834L100 13,161 134,037 SH   DFND 1 0 134,037 0
QUEST DIAGNOSTICS INC COM 74834L100 1,141 11,620 SH   SOLE   11,620 0 0
RAYTHEON CO COM NEW 755111507 698 4,577 SH   DFND 1 0 4,577 0
REGAL BELOIT CORP COM 758750103 2,148 28,399 SH   DFND 1 0 28,399 0
REGAL ENTMT GROUP CL A 758766109 4,790 212,121 SH   DFND 1 0 212,121 0
REGAL ENTMT GROUP CL A 758766109 10,649 471,598 SH   SOLE   471,598 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 2,329 18,338 SH   DFND 1 0 18,338 0
RENASANT CORP COM 75970E107 2,643 66,602 SH   DFND 1 0 66,602 0
RENASANT CORP COM 75970E107 1,040 26,202 SH   SOLE   26,202 0 0
REPUBLIC SVCS INC COM 760759100 530 8,433 SH   DFND 1 0 8,433 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355w304 326 5,546 SH   SOLE   5,546 0 0
RYDEX ETF TRUST GUG S&P500 EWCON 78355w874 397 3,185 SH   SOLE   3,185 0 0
SPDR SERIES TRUST BLOMBRG BRC INTL 78464a151 22,230 710,232 SH   DFND 1 0 710,232 0
SPDR SERIES TRUST BLOMBRG BRC INTL 78464a151 1,770 56,551 SH   SOLE   56,551 0 0
SPDR SERIES TRUST BLOMBERG BRC INT 78464a334 675 22,251 SH   DFND 1 0 22,251 0
SPDR SERIES TRUST BLOMBERG BRC INT 78464a334 283 9,332 SH   SOLE   9,332 0 0
SPDR SERIES TRUST BLOMBRG BRC INTR 78464a375 36,850 1,079,703 SH   DFND 1 0 1,079,703 0
SPDR SERIES TRUST BLOMBRG BRC INTR 78464a375 30,250 886,310 SH   SOLE   886,310 0 0
SPDR SER TR BLOOMBERG SRT TR 78468r408 21,984 786,282 SH   DFND 1 0 786,282 0
SPDR SER TR BLOOMBERG SRT TR 78468r408 30,064 1,075,258 SH   SOLE   1,075,258 0 0
SAFETY INS GROUP INC COM 78648T100 1,420 20,258 SH   DFND 1 0 20,258 0
SAFETY INS GROUP INC COM 78648T100 748 10,677 SH   SOLE   10,677 0 0
SANDERSON FARMS INC COM 800013104 3,034 29,221 SH   DFND 1 0 29,221 0
SCHNITZER STL INDS CL A 806882106 1,255 60,757 SH   DFND 1 0 60,757 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 2,624 33,483 SH   DFND 1 0 33,483 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369y605 544 22,908 SH   SOLE   22,908 0 0
SELECTIVE INS GROUP INC COM 816300107 1,813 38,446 SH   DFND 1 0 38,446 0
SNAP ON INC COM 833034101 3,594 21,307 SH   DFND 1 0 21,307 0
SNAP ON INC COM 833034101 2,762 16,376 SH   SOLE   16,376 0 0
SONOCO PRODS CO COM 835495102 2,782 52,564 SH   DFND 1 0 52,564 0
SONOCO PRODS CO COM 835495102 848 16,018 SH   SOLE   16,018 0 0
SOUTHERN CO COM 842587107 555 11,141 SH   DFND 1 0 11,141 0
SPECTRUM BRANDS HLDGS INC COM 84763R101 1,577 11,344 SH   DFND 1 0 11,344 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 2,084 35,982 SH   DFND 1 0 35,982 0
STANLEY BLACK & DECKER INC COM 854502101 2,938 22,109 SH   DFND 1 0 22,109 0
STANLEY BLACK & DECKER INC COM 854502101 784 5,900 SH   SOLE   5,900 0 0
STEELCASE INC CL A 858155203 4,382 261,598 SH   DFND 1 0 261,598 0
STEWART INFORMATION SVCS COR COM 860372101 2,493 56,420 SH   DFND 1 0 56,420 0
SYNOVUS FINL CORP COM NEW 87161c501 2,374 57,876 SH   DFND 1 0 57,876 0
TJX COS INC NEW COM 872540109 4,972 62,873 SH   DFND 1 0 62,873 0
TJX COS INC NEW COM 872540109 682 8,624 SH   SOLE   8,624 0 0
TARGET CORP COM 87612E106 297 5,380 SH   DFND 1 0 5,380 0
TARGA RES CORP COM 87612G101 13,777 229,996 SH   DFND 1 0 229,996 0
TARGA RES CORP COM 87612G101 8,238 137,529 SH   SOLE   137,529 0 0
TEGNA INC COM 87901j105 8,615 336,264 SH   DFND 1 0 336,264 0
TEGNA INC COM 87901j105 2 67 SH   SOLE   67 0 0
TELEFLEX INC COM 879369106 2,296 11,850 SH   DFND 1 0 11,850 0
TELETECH HOLDINGS INC COM 879939106 871 29,416 SH   DFND 1 0 29,416 0
TENNECO INC COM 880349105 1,689 27,051 SH   DFND 1 0 27,051 0
TEXAS INSTRS INC COM 882508104 4,421 54,877 SH   DFND 1 0 54,877 0
TEXAS INSTRS INC COM 882508104 9,700 120,404 SH   SOLE   120,404 0 0
TIFFANY & CO NEW COM 886547108 2,749 28,849 SH   DFND 1 0 28,849 0
TIFFANY & CO NEW COM 886547108 18,049 189,387 SH   SOLE   189,387 0 0
TIME WARNER INC COM NEW 887317303 5,369 54,951 SH   DFND 1 0 54,951 0
TIME WARNER INC COM NEW 887317303 1,676 17,150 SH   SOLE   17,150 0 0
TOOTSIE ROLL INDS INC COM 890516107 1,508 40,373 SH   DFND 1 0 40,373 0
TRACTOR SUPPLY CO COM 892356106 951 13,785 SH   DFND 1 0 13,785 0
TRAVELERS COMPANIES INC COM 89417E109 2,739 22,720 SH   DFND 1 0 22,720 0
TRAVELERS COMPANIES INC COM 89417E109 2,742 22,748 SH   SOLE   22,748 0 0
TUPPERWARE BRANDS CORP COM 899896104 8,464 134,953 SH   DFND 1 0 134,953 0
TUPPERWARE BRANDS CORP COM 899896104 9,039 144,111 SH   SOLE   144,111 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400p101 2,487 109,422 SH   DFND 1 0 109,422 0
UMPQUA HLDGS CORP COM 904214103 2,100 118,393 SH   DFND 1 0 118,393 0
UNION PAC CORP COM 907818108 2,111 19,931 SH   DFND 1 0 19,931 0
UNION PAC CORP COM 907818108 13,638 128,753 SH   SOLE   128,753 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,721 15,333 SH   DFND 1 0 15,333 0
UNITED TECHNOLOGIES CORP COM 913017109 8,988 80,104 SH   SOLE   80,104 0 0
UNITEDHEALTH GROUP INC COM 91324p102 2,734 16,670 SH   DFND 1 0 16,670 0
UNUM GROUP COM 91529y106 304 6,490 SH   SOLE   6,490 0 0
VAIL RESORTS INC COM 91879Q109 3,099 16,151 SH   DFND 1 0 16,151 0
VALERO ENERGY CORP NEW COM 91913Y100 5,015 75,648 SH   DFND 1 0 75,648 0
VALERO ENERGY CORP NEW COM 91913Y100 15,105 227,866 SH   SOLE   227,866 0 0
VANECK VECTORS ETF TR EMERGING MKTS HI 92189F353 23,894 968,940 SH   SOLE   968,940 0 0
VANGUARD ADMIRAL FDS INC MIDCP 400 GRTH 921932869 306 2,597 SH   SOLE   2,597 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 745 18,752 SH   DFND 1 0 18,752 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 310 7,808 SH   SOLE   7,808 0 0
VANGUARD SCOTTSDALE FDS INT-TERM GOV 92206c706 7,344 114,193 SH   SOLE   114,193 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206c870 42,435 491,256 SH   DFND 1 0 491,256 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206c870 30,702 355,430 SH   SOLE   355,430 0 0
VANGUARD INDEX FDS V VALUE ETF 922908744 331 3,471 SH   SOLE   3,471 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 824 6,793 SH   SOLE   6,793 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,003 20,572 SH   DFND 1 0 20,572 0
VIAD CORP COM NEW 92552R406 260 5,762 SH   SOLE   5,762 0 0
WASTE MGMT INC DEL COM 94106L109 5,802 79,573 SH   DFND 1 0 79,573 0
WEST CORP COM 952355204 1,940 79,438 SH   DFND 1 0 79,438 0
WEST CORP COM 952355204 66 2,717 SH   SOLE   2,717 0 0
WESTERN DIGITAL CORP COM 958102105 1,022 12,379 SH   DFND 1 0 12,379 0
WISDOMTREE TR INDIA ERNGS FD 97717w422 903 37,440 SH   DFND 1 0 37,440 0
WORTHINGTON INDS INC COM 981811102 1,947 43,190 SH   DFND 1 0 43,190 0
WYNDHAM WORLDWIDE CORP COM 98310w108 2,697 31,991 SH   DFND 1 0 31,991 0
WYNDHAM WORLDWIDE CORP COM 98310w108 1,957 23,216 SH   SOLE   23,216 0 0
XILINX INC COM 983919101 1,252 21,632 SH   DFND 1 0 21,632 0
AMDOCS LTD SHS G02602103 5,495 90,099 SH   DFND 1 0 90,099 0
AON PLC SHS CL A G0408V102 5,283 44,513 SH   DFND 1 0 44,513 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 2,032 29,975 SH   DFND 1 0 29,975 0
BUNGE LIMITED COM g16962105 2,166 27,327 SH   DFND 1 0 27,327 0
BUNGE LIMITED COM g16962105 593 7,477 SH   SOLE   7,477 0 0
CREDICORP LTD COM g2519y108 1,936 11,853 SH   DFND 1 0 11,853 0
EVEREST RE GROUP LTD COM G3223R108 11,445 48,949 SH   DFND 1 0 48,949 0
EVEREST RE GROUP LTD COM G3223R108 4,786 20,470 SH   SOLE   20,470 0 0
INVESCO LTD SHS G491BT108 511 16,697 SH   DFND 1 0 16,697 0
INVESCO LTD SHS G491BT108 3 83 SH   SOLE   83 0 0
CHUBB LIMITED COM h1467j104 6,080 44,623 SH   DFND 1 0 44,623 0
CHUBB LIMITED COM h1467j104 7,134 52,362 SH   SOLE   52,362 0 0
GARMIN LTD SHS H2906T109 7,234 141,544 SH   DFND 1 0 141,544 0
LYONDELLBASELL INDUSTRIES N SHS - A - n53745100 1,033 11,333 SH   DFND 1 0 11,333 0