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
ISHARES US HOME CONS ETF 464288752 1,002 38,744 SH   DFND   38,744 0 0
HEALTH CARE REIT INC COM 42217K106 353 4,665 SH   DFND   4,665 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 2,886 35,561 SH   DFND   35,561 0 0
BANCO SANTANDER SA ADR 05964H105 275 33,020 SH   DFND   33,020 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 534 17,336 SH   DFND   17,336 0 0
FIRST TR EXCHANGE TRADED FD NAS CLNEDG GREEN 33733E500 3,174 184,014 SH   DFND   184,014 0 0
MERCK & CO INC NEW COM 58933Y105 467 8,230 SH   DFND   8,230 0 0
GENERAL ELECTRIC CO COM 369604103 212 8,427 SH   DFND   8,427 0 0
ZYNGA INC CL A 98986T108 63 23,895 SH   DFND   23,895 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 1,067 11,116 SH   DFND   11,116 0 0
UNITED PARCEL SERVICE INC CL B 911312106 308 2,776 SH   DFND   2,776 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 241 1,982 SH   DFND   1,982 0 0
SIMON PPTY GROUP INC NEW COM 828806109 673 3,698 SH   DFND   3,698 0 0
AVALONBAY CMNTYS INC COM 053484101 304 1,866 SH   DFND   1,866 0 0
B2GOLD CORP COM 11777Q209 21 13,299 SH   DFND   13,299 0 0
PFIZER INC COM 717081103 480 15,438 SH   DFND   15,438 0 0
FEDEX CORP COM 31428X106 315 1,819 SH   DFND   1,819 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,732 21,383 SH   DFND   21,383 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 2,172 11,638 SH   DFND   11,638 0 0
NOKIA CORP SPONSORED ADR 654902204 275 34,994 SH   DFND   34,994 0 0
UNION PAC CORP COM 907818108 264 2,221 SH   DFND   2,221 0 0
UNITEDHEALTH GROUP INC COM 91324P102 257 2,551 SH   DFND   2,551 0 0
REGIONS FINL CORP NEW COM 7591EP100 201 19,073 SH   DFND   19,073 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 41 24,837 SH   DFND   24,837 0 0
VENTAS INC COM 92276F100 301 4,204 SH   DFND   4,204 0 0
NEXTERA ENERGY INC COM 65339F101 212 2,001 SH   DFND   2,001 0 0
JPMORGAN CHASE & CO COM 46625H100 207 3,322 SH   DFND   3,322 0 0
ISHARES TR CORE US AGGBD ET 464287226 294 2,670 SH   DFND   2,670 0 0
EBAY INC COM 278642103 317 5,659 SH   DFND   5,659 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 333 4,645 SH   DFND   4,645 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 32,920 160,198 SH   DFND   160,198 0 0
ISHARES TR COHEN&STEER REIT 464287564 752 7,767 SH   DFND   7,767 0 0
MICROSOFT CORP COM 594918104 296 6,386 SH   DFND   6,386 0 0
HALCON RES CORP COM NEW 40537Q209 21 12,055 SH   DFND   12,055 0 0
BOSTON PROPERTIES INC COM 101121101 258 2,010 SH   DFND   2,010 0 0
PROLOGIS INC COM 74340W103 286 6,667 SH   DFND   6,667 0 0
CHEVRON CORP NEW COM 166764100 778 6,939 SH   DFND   6,939 0 0
SIRIUS XM HLDGS INC COM 82968B103 59 16,915 SH   DFND   16,915 0 0
SPECTRA ENERGY CORP COM 847560109 215 5,938 SH   DFND   5,938 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 712 9,048 SH   DFND   9,048 0 0
ARCH COAL INC COM 039380100 25 14,310 SH   DFND   14,310 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 419 11,675 SH   DFND   11,675 0 0
MARKET VECTORS ETF TR SEMICONDUCTOR 57060U233 1,052 19,267 SH   DFND   19,267 0 0
BAXTER INTL INC COM 071813109 267 3,648 SH   DFND   3,648 0 0
ABRAXAS PETE CORP COM 003830106 37 12,665 SH   DFND   12,665 0 0
ISHARES MSCI TAIWAN ETF 464286731 170 11,284 SH   DFND   11,284 0 0
HCP INC COM 40414L109 209 4,760 SH   DFND   4,760 0 0
PUBLIC STORAGE COM 74460D109 344 1,861 SH   DFND   1,861 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 295 10,500 SH   DFND   10,500 0 0
HUNTINGTON BANCSHARES INC COM 446150104 107 10,176 SH   DFND   10,176 0 0
WELLS FARGO & CO NEW COM 949746101 207 3,780 SH   DFND   3,780 0 0
US BANCORP DEL COM NEW 902973304 276 6,158 SH   DFND   6,158 0 0
EXXON MOBIL CORP COM 30231G102 544 5,890 SH   DFND   5,890 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 222 3,765 SH   DFND   3,765 0 0
ISHARES TR U.S. REAL ES ETF 464287739 1,115 14,522 SH   DFND   14,522 0 0
JOHNSON & JOHNSON COM 478160104 783 7,492 SH   DFND   7,492 0 0
CISCO SYS INC COM 17275R102 337 12,146 SH   DFND   12,146 0 0
ISHARES TR S&P 100 ETF 464287101 364 4,005 SH   DFND   4,005 0 0
ABBVIE INC COM 00287Y109 382 5,840 SH   DFND   5,840 0 0
ISHARES TR U.S. ENERGY ETF 464287796 1,195 26,673 SH   DFND   26,673 0 0
FACEBOOK INC CL A 30303M102 299 3,840 SH   DFND   3,840 0 0
FIRST TR ISE REVERE NAT GAS COM 33734J102 5,266 469,826 SH   DFND   469,826 0 0
VORNADO RLTY TR SH BEN INT 929042109 295 2,508 SH   DFND   2,508 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 1,592 5,251 SH   DFND   5,251 0 0