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
AMERICAN RLTY CAP PPTYS INC COM 02917T104 12,959 924,357 SH   DFND 1 924,357 0 0
ARENA PHARMACEUTICALS INC COM 040047102 104 16,500 SH   DFND 1 16,500 0 0
AVALONBAY COMMNTYS INC COM 053484101 17,346 132,089 SH   DFND 1 132,089 0 0
BARCLAYS BK PLC S&P 500 VEQTOR 06740C337 5,659 38,371 SH   DFND 1 38,371 0 0
ENERPLUS CORP COM 292766102 12,846 641,336 SH   DFND 1 641,336 0 0
ENSCO PLC SHS CLASS A G3157S106 9,395 178,002 SH   DFND 1 178,002 0 0
FIRST TR US IPO INDEX FD SHS 336920103 2,839 61,871 SH   DFND 1 61,871 0 0
FREEPORT MCMORAN COPPER & GOLD COM 35671D857 7,400 223,763 SH   DFND 1 223,763 0 0
GLOBAL X FUNDS GLB X GURU INDEX 37950E341 1,652 66,911 SH   DFND 1 66,911 0 0
GOLDCORP INC NEW COM 380956409 9,578 391,262 SH   DFND 1 391,262 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 8,950 311,618 SH   DFND 1 311,618 0 0
ISHARES 7-10 Y TR BD ETF 464287440 1,035 10,176 SH   DFND 1 10,176 0 0
ISHARES CORE S&P500 ETF 464287200 2,445,116 12,996,263 SH   DFND 1 12,996,263 0 0
ISHARES EUROPE ETF 464287861 365 7,556 SH   DFND 1 7,556 0 0
ISHARES MSCI EAFE ETF 464287465 374 5,561 SH   DFND 1 5,561 0 0
ISHARES MSCI EMG MKT ETF 464287234 376 9,165 SH   DFND 1 9,165 0 0
ISHARES MSCI GERMANY ETF 464286806 1,636 52,175 SH   DFND 1 52,175 0 0
ISHARES MSCI SZ CAP ETF 464286749 1,647 47,956 SH   DFND 1 47,956 0 0
ISHARES MSCI UK ETF 464286699 1,589 77,191 SH   DFND 1 77,191 0 0
ISHARES RUSSELL 2000 ETF 464287655 2,387,992 20,525,971 SH   DFND 1 20,525,971 0 0
KIMCO REALTY CORP COM 49446R109 7,508 343,154 SH   DFND 1 343,154 0 0
LAS VEGAS SANDS CORP COM 517834107 436 5,400 SH   DFND 1 5,400 0 0
LEXINGTON REALTY TRUST COM 529043101 11,326 1,038,174 SH   DFND 1 1,038,174 0 0
NORTHERN TR CORP COM 665859104 985 15,022 SH   DFND 1 15,022 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 7,411 221,080 SH   DFND 1 221,080 0 0
PENGROWTH ENERGY CORP COM 70706P104 10,509 1,728,519 SH   DFND 1 1,728,519 0 0
PENN WEST PETE LTD NEW COM 707887105 25,413 3,039,870 SH   DFND 1 3,039,870 0 0
POWERSHARES ETF TR II S&P 500 LOW VOL 73937B779 2,030 59,640 SH   DFND 1 59,640 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,114 24,115 SH   DFND 1 24,115 0 0
POWERSHARES ETF TR II S&P400 LOVL PT 73937B647 2,321 77,780 SH   DFND 1 77,780 0 0
POWERSHARES ETF TR II S&P600 LOVL PT 73937B639 3,077 96,838 SH   DFND 1 96,838 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 1,106,405 10,506,173 SH   DFND 1 10,506,173 0 0
PROSHARES TR PSHS ULTRUSS2000 74347R842 1,041,282 12,072,827 SH   DFND 1 12,072,827 0 0
PROSHARES TR ULTR MSCI ETF 74347X500 1,686 15,093 SH   DFND 1 15,093 0 0
REALTY INCOME CORP COM 756109104 10,949 267,964 SH   DFND 1 267,964 0 0
RITE AID CORPORATION COM 767754104 63 10,000 SH   DFND 1 10,000 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 2,304 31,562 SH   DFND 1 31,562 0 0
SILVER WHEATON CORP COM 828336107 7,082 311,971 SH   DFND 1 311,971 0 0
SIMON PPTY GROUP INC NEW COM 828806109 11,003 67,094 SH   DFND 1 67,094 0 0
SOUTHERN COPPER CORP COM 84265V105 7,189 246,966 SH   DFND 1 246,966 0 0
STARWOOD PPTY TR INC COM 85571B105 10,891 461,670 SH   DFND 1 461,670 0 0
TORTOISE ENERGY INFRSTRCTR C COM 89147L100 1,586 34,631 SH   DFND 1 34,631 0 0
VALE S A ADR 91912E105 9,803 708,844 SH   DFND 1 708,844 0 0
VENTAS INC COM 92276F100 11,070 182,772 SH   DFND 1 182,772 0 0