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
AAR CORP COM 000361105 578 15,288 SH   DFND 1 0 15,288 0
AFLAC INC COM 001055102 16,207 199,132 SH   DFND 1 0 199,132 0
AFLAC INC COM 001055102 970 11,924 SH   SOLE   11,924 0 0
AES CORP COM 00130H105 1,196 108,495 SH   DFND 1 0 108,495 0
AES CORP COM 00130H105 5,979 542,535 SH   SOLE   542,535 0 0
AT&T INC COM 00206R102 1,505 38,434 SH   DFND 1 0 38,434 0
ABSOLUTE SHS TR WBI TACTICAL SMG 00400R106 31,639 1,306,332 SH   SOLE   1,306,332 0 0
ABSOLUTE SHS TR WBI TACTICAL SMV 00400R205 56,086 2,230,071 SH   SOLE   2,230,071 0 0
ABSOLUTE SHS TR WBI TACTICAL SMY 00400R304 48,655 2,266,172 SH   SOLE   2,266,172 0 0
ABSOLUTE SHS TR WBI TACTICAL SMS 00400R403 59,190 2,538,874 SH   SOLE   2,538,874 0 0
ABSOLUTE SHS TR WBI LGCAP WBIE 00400R502 37,231 1,544,118 SH   SOLE   1,544,118 0 0
ABSOLUTE SHS TR WBI TACTCL LCV 00400R601 62,315 2,331,725 SH   SOLE   2,331,725 0 0
ABSOLUTE SHS TR WBI TACTICAL LCY 00400R700 62,685 2,643,606 SH   SOLE   2,643,606 0 0
ABSOLUTE SHS TR WBI TACTICAL LCS 00400R809 35,727 1,409,920 SH   SOLE   1,409,920 0 0
ABSOLUTE SHS TR WBI PWR FCTR ETF 00400R858 16,475 664,563 SH   SOLE   664,563 0 0
ABSOLUTE SHS TR WBI TACTL ROTN 00400R866 9,296 373,929 SH   SOLE   373,929 0 0
ABSOLUTE SHS TR WBI TCT INC SH 00400R874 112,426 4,414,933 SH   SOLE   4,414,933 0 0
ABSOLUTE SHS TR WBI TCT HG INC 00400R882 178,967 7,263,287 SH   SOLE   7,263,287 0 0
ACTIVISION BLIZZARD INC COM 00507V109 1,673 25,928 SH   DFND 1 0 25,928 0
AETNA INC NEW COM 00817Y108 4,667 29,349 SH   DFND 1 0 29,349 0
AIR PRODS & CHEMS INC COM 009158106 485 3,209 SH   DFND 1 0 3,209 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 2,108 56,179 SH   DFND 1 0 56,179 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 1 24 SH   SOLE   24 0 0
ALTRA INDL MOTION CORP COM 02208R106 489 10,173 SH   DFND 1 0 10,173 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 1,580 54,337 SH   DFND 1 0 54,337 0
AMERICAN RAILCAR INDS INC COM 02916p103 491 12,725 SH   DFND 1 0 12,725 0
AMERIPRISE FINL INC COM 03076C106 11,982 80,681 SH   DFND 1 0 80,681 0
AMERIPRISE FINL INC COM 03076C106 14,503 97,658 SH   SOLE   97,658 0 0
AMTRUST FINL SVCS INC COM 032359309 467 34,660 SH   DFND 1 0 34,660 0
ANALOG DEVICES INC COM 032654105 17,827 206,883 SH   DFND 1 0 206,883 0
ANALOG DEVICES INC COM 032654105 5,648 65,540 SH   SOLE   65,540 0 0
APPLE INC COM 037833100 3,439 22,311 SH   DFND 1 0 22,311 0
APPLIED MATLS INC COM 038222105 1,758 33,757 SH   DFND 1 0 33,757 0
ARAMARK COM 03852u106 2,869 70,640 SH   DFND 1 0 70,640 0
ARTISAN PARTNERS ASSET MGMT CL A 04316a108 586 17,981 SH   DFND 1 0 17,981 0
AVERY DENNISON CORP COM 053611109 15,618 158,814 SH   DFND 1 0 158,814 0
AVERY DENNISON CORP COM 053611109 6,385 64,927 SH   SOLE   64,927 0 0
BBX CAP CORP NEW CL A A 05491N104 683 92,615 SH   DFND 1 0 92,615 0
BANCFIRST CORP COM 05945F103 557 9,817 SH   SOLE   9,817 0 0
BANNER CORP COM NEW 06652V208 1,876 30,621 SH   DFND 1 0 30,621 0
BANNER CORP COM NEW 06652V208 677 11,055 SH   SOLE   11,055 0 0
BARCLAYS BK PLC IPTH PURE BRD 06740p114 259 9,443 SH   SOLE   9,443 0 0
BARNES & NOBLE INC COM 067774109 514 67,692 SH   DFND 1 0 67,692 0
BARNES GROUP INC COM 067806109 1,387 19,687 SH   DFND 1 0 19,687 0
BERKSHIRE HILLS BANCORP INC COM 084680107 2,975 76,767 SH   DFND 1 0 76,767 0
BIG 5 SPORTING GOODS CORP COM 08915P101 331 43,303 SH   DFND 1 0 43,303 0
BLACKROCK INC COM 09247X101 8,656 19,360 SH   DFND 1 0 19,360 0
BLACKROCK INC COM 09247X101 4,080 9,125 SH   SOLE   9,125 0 0
BLOCK H & R INC COM 093671105 360 13,598 SH   DFND 1 0 13,598 0
BLOCK H & R INC COM 093671105 7 271 SH   SOLE   271 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 3,698 45,759 SH   DFND 1 0 45,759 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 2,331 28,847 SH   SOLE   28,847 0 0
BROOKS AUTOMATION INC COM 114340102 1,625 53,523 SH   DFND 1 0 53,523 0
BROWN & BROWN INC COM 115236101 5,008 103,923 SH   DFND 1 0 103,923 0
BUCKLE INC COM 118440106 479 28,447 SH   DFND 1 0 28,447 0
CDW CORP COM 12514G108 1,086 16,462 SH   DFND 1 0 16,462 0
CIT GROUP INC COM NEW 125581801 2,357 48,062 SH   DFND 1 0 48,062 0
CTS CORP COM 126501105 636 26,385 SH   DFND 1 0 26,385 0
CVR ENERGY INC COM 12662P108 631 24,358 SH   DFND 1 0 24,358 0
CABOT MICROELECTRONICS CORP COM 12709P103 1,758 21,994 SH   DFND 1 0 21,994 0
CALERES INC COM 129500104 2,637 86,413 SH   DFND 1 0 86,413 0
CANON INC SPONSORED ADR 138006309 977 28,461 SH   DFND 1 0 28,461 0
CARTER INC COM 146229109 3,947 39,965 SH   DFND 1 0 39,965 0
CATERPILLAR INC DEL COM 149123101 4,824 38,681 SH   DFND 1 0 38,681 0
CATERPILLAR INC DEL COM 149123101 1,921 15,401 SH   SOLE   15,401 0 0
CATHAY GEN BANCORP COM 149150104 4,824 120,000 SH   DFND 1 0 120,000 0
CATHAY GEN BANCORP COM 149150104 1 36 SH   SOLE   36 0 0
CATO CORP NEW CL A 149205106 362 27,366 SH   DFND 1 0 27,366 0
CELANESE CORP DEL COM SER A 150870103 4,160 39,901 SH   DFND 1 0 39,901 0
CELANESE CORP DEL COM SER A 150870103 3,563 34,169 SH   SOLE   34,169 0 0
CENTERSTATE BK CORP COM 15201P109 2,501 93,317 SH   DFND 1 0 93,317 0
CENTURYLINK INC COM 156700106 1,511 79,953 SH   DFND 1 0 79,953 0
CISCO SYS INC COM 17275r102 686 20,386 SH   DFND 1 0 20,386 0
CITIZENS FINL GROUP INC COM 174610105 2,392 63,153 SH   DFND 1 0 63,153 0
CLOROX CO DEL COM 189054109 9,704 73,562 SH   DFND 1 0 73,562 0
CONSOLIDATED COMM HLDGS INC COM 209034107 561 29,406 SH   DFND 1 0 29,406 0
CULLEN FROST BANKERS INC COM 229899109 2,480 26,130 SH   DFND 1 0 26,130 0
CULLEN FROST BANKERS INC COM 229899109 11,007 115,959 SH   SOLE   115,959 0 0
CUMMINS INC COM 231021106 6,794 40,431 SH   DFND 1 0 40,431 0
DBX ETF TR DEUTSCHE USD ETF 233051432 10,552 205,770 SH   SOLE   205,770 0 0
DSW INC CL A 23334L102 595 27,710 SH   DFND 1 0 27,710 0
DAKTRONICS INC COM 234264109 676 63,950 SH   DFND 1 0 63,950 0
DANA INCORPORATED COM 235825205 2,149 76,852 SH   DFND 1 0 76,852 0
DINEEQUITY INC COM 254423106 553 12,872 SH   DFND 1 0 12,872 0
DOMTAR CORP COM NEW 257559203 731 16,844 SH   DFND 1 0 16,844 0
DONALDSON INC COM 257651109 2,830 61,607 SH   DFND 1 0 61,607 0
DOVER CORP COM 260003108 3,286 35,959 SH   DFND 1 0 35,959 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 3,296 28,310 SH   DFND 1 0 28,310 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,493 12,827 SH   SOLE   12,827 0 0
EAST WEST BANCORP INC COM 27579R104 3,513 58,772 SH   DFND 1 0 58,772 0
EASTMAN CHEM CO COM 277432100 3,089 34,133 SH   DFND 1 0 34,133 0
EATON VANCE CORP COM NON VTG 278265103 5,327 107,909 SH   DFND 1 0 107,909 0
EATON VANCE CORP COM NON VTG 278265103 8,838 179,012 SH   SOLE   179,012 0 0
ECOLAB INC COM 278865100 2,950 22,937 SH   DFND 1 0 22,937 0
EMERSON ELEC CO COM 291011104 6,202 98,698 SH   DFND 1 0 98,698 0
EMERSON ELEC CO COM 291011104 4,154 66,109 SH   SOLE   66,109 0 0
EMPLOYERS HOLDINGS INC COM 292218104 172 3,792 SH   DFND 1 0 3,792 0
EMPLOYERS HOLDINGS INC COM 292218104 749 16,476 SH   SOLE   16,476 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,686 11,715 SH   DFND 1 0 11,715 0
FBL FINL GROUP INC CL A 30239F106 642 8,618 SH   DFND 1 0 8,618 0
FEDERAL AGRIC MTG CORP CL C 313148306 884 12,152 SH   DFND 1 0 12,152 0
FEDERAL AGRIC MTG CORP CL C 313148306 379 5,215 SH   SOLE   5,215 0 0
FIRST AMERN FINL CORP COM 31847R102 813 16,268 SH   DFND 1 0 16,268 0
FIRST MIDWEST BANCORP DEL COM 320867104 1,595 68,094 SH   DFND 1 0 68,094 0
FIRST MIDWEST BANCORP DEL COM 320867104 1,397 59,668 SH   SOLE   59,668 0 0
1ST SOURCE CORP COM 336901103 1,435 28,256 SH   DFND 1 0 28,256 0
FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734x119 791 17,317 SH   DFND 1 0 17,317 0
FIRST TR EXCH TRD ALPHA FD I LATIN AMER ALP 33737j125 1,171 52,931 SH   DFND 1 0 52,931 0
FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738d101 1,333 53,768 SH   DFND 1 0 53,768 0
FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738d101 558 22,509 SH   SOLE   22,509 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,940 162,054 SH   DFND 1 0 162,054 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 2,466 36,673 SH   DFND 1 0 36,673 0
GALLAGHER ARTHUR J & CO COM 363576109 21,957 356,742 SH   DFND 1 0 356,742 0
GALLAGHER ARTHUR J & CO COM 363576109 5,470 88,873 SH   SOLE   88,873 0 0
GAMESTOP CORP NEW CL A 36467W109 727 35,208 SH   DFND 1 0 35,208 0
GANNETT CO INC COM 36473h104 498 55,300 SH   DFND 1 0 55,300 0
GENERAL MTRS CO COM 37045V100 2,092 51,802 SH   DFND 1 0 51,802 0
GREENHILL & CO INC COM 395259104 446 26,882 SH   DFND 1 0 26,882 0
GREIF INC CL A 397624107 4,611 78,765 SH   DFND 1 0 78,765 0
GUARANTY BANCORP DEL COM NEW 40075T607 850 30,574 SH   DFND 1 0 30,574 0
GUARANTY BANCORP DEL COM NEW 40075T607 752 27,037 SH   SOLE   27,037 0 0
HANESBRANDS INC COM 410345102 5,537 224,722 SH   DFND 1 0 224,722 0
HANESBRANDS INC COM 410345102 3,092 125,479 SH   SOLE   125,479 0 0
HANOVER INS GROUP INC COM 410867105 4,865 50,191 SH   DFND 1 0 50,191 0
HARRIS CORP DEL COM 413875105 1,228 9,324 SH   DFND 1 0 9,324 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 361 10,813 SH   DFND 1 0 10,813 0
HEALTHSOUTH CORP COM NEW 421924309 2,699 58,228 SH   DFND 1 0 58,228 0
HEALTHSOUTH CORP COM NEW 421924309 1,611 34,761 SH   SOLE   34,761 0 0
HERITAGE FINL CORP WASH COM 42722X106 1,375 46,622 SH   DFND 1 0 46,622 0
HERSHEY CO COM 427866108 2,851 26,116 SH   DFND 1 0 26,116 0
HERSHEY CO COM 427866108 10,014 91,724 SH   SOLE   91,724 0 0
HILL ROM HLDGS INC COM 431475102 1,074 14,513 SH   DFND 1 0 14,513 0
HILLENBRAND INC COM 431571108 4,321 111,227 SH   DFND 1 0 111,227 0
HILLENBRAND INC COM 431571108 754 19,410 SH   SOLE   19,410 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 2,036 29,310 SH   DFND 1 0 29,310 0
HOME DEPOT INC COM 437076102 10,661 65,181 SH   DFND 1 0 65,181 0
HOME DEPOT INC COM 437076102 12,798 78,248 SH   SOLE   78,248 0 0
HONEYWELL INTL INC COM 438516106 2,604 18,369 SH   DFND 1 0 18,369 0
HONEYWELL INTL INC COM 438516106 5,804 40,949 SH   SOLE   40,949 0 0
HOOKER FURNITURE CORP COM 439038100 720 15,077 SH   DFND 1 0 15,077 0
HUNTSMAN CORP COM 447011107 5,197 189,546 SH   DFND 1 0 189,546 0
HUNTSMAN CORP COM 447011107 8,851 322,783 SH   SOLE   322,783 0 0
ITT INC COM 45073V108 2,508 56,650 SH   DFND 1 0 56,650 0
IDEX CORP COM 45167R104 1,359 11,191 SH   DFND 1 0 11,191 0
INNOPHOS HOLDINGS INC COM 45774n108 533 10,826 SH   DFND 1 0 10,826 0
INTERFACE INC COM 458665304 2,100 95,903 SH   DFND 1 0 95,903 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 4,126 60,058 SH   DFND 1 0 60,058 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,108 16,123 SH   SOLE   16,123 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 2,458 61,305 SH   DFND 1 0 61,305 0
INTERNATIONAL BANCSHARES COR COM 459044103 856 21,335 SH   SOLE   21,335 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 840 5,790 SH   DFND 1 0 5,790 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 3,891 27,229 SH   DFND 1 0 27,229 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 4,518 31,616 SH   SOLE   31,616 0 0
ISHARES INC INTL HIGH YIELD 464286210 1,516 28,305 SH   DFND 1 0 28,305 0
ISHARES INC INTL HIGH YIELD 464286210 506 9,448 SH   SOLE   9,448 0 0
ISHARES INC EM HGHYL BD ETF 464286285 5,933 116,810 SH   DFND 1 0 116,810 0
ISHARES INC EM HGHYL BD ETF 464286285 277 5,450 SH   SOLE   5,450 0 0
ISHARES INC MSCI EM ASIA ETF 464286426 886 12,728 SH   DFND 1 0 12,728 0
ISHARES INC MSCI PAC JP ETF 464286665 319 6,890 SH   SOLE   6,890 0 0
ISHARES TR SELECT DIVID ETF 464287168 926 9,885 SH   DFND 1 0 9,885 0
ISHARES TR CHINA LG-CAP ETF 464287184 1,359 30,851 SH   DFND 1 0 30,851 0
ISHARES TR CHINA LG-CAP ETF 464287184 567 12,879 SH   SOLE   12,879 0 0
ISHARES TR LATN AMER 40 ETF 464287390 591 16,848 SH   SOLE   16,848 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 20,511 192,560 SH   DFND 1 0 192,560 0
ISHARES TR BARCLAYS 7 10 YR 464287440 5,742 53,907 SH   SOLE   53,907 0 0
ISHARES TR N AMER TECH ETF 464287549 316 2,032 SH   SOLE   2,032 0 0
ISHARES TR COHEN STEER REIT 464287564 246 2,441 SH   SOLE   2,441 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 356 2,850 SH   SOLE   2,850 0 0
ISHARES TR JPMORGAN USD EMG 464288281 772 6,628 SH   DFND 1 0 6,628 0
ISHARES TR IBOXX HI YD ETF 464288513 65,318 735,894 SH   DFND 1 0 735,894 0
ISHARES TR IBOXX HI YD ETF 464288513 43,473 489,776 SH   SOLE   489,776 0 0
ISHARES TR 10-20 YR TRS ETF 464288653 22,771 166,904 SH   DFND 1 0 166,904 0
ISHARES TR S&P US PFD STK 464288687 26,667 687,120 SH   DFND 1 0 687,120 0
ISHARES TR S&P US PFD STK 464288687 12,227 315,052 SH   SOLE   315,052 0 0
ISHARES 10+ YR CR BD ETF 464289511 15,635 251,959 SH   DFND 1 0 251,959 0
ISHARES 10+ YR CR BD ETF 464289511 9,326 150,285 SH   SOLE   150,285 0 0
JPMORGAN CHASE & CO COM 46625H100 316 3,311 SH   DFND 1 0 3,311 0
JOHNSON & JOHNSON COM 478160104 14,048 108,056 SH   DFND 1 0 108,056 0
JOHNSON & JOHNSON COM 478160104 11,059 85,060 SH   SOLE   85,060 0 0
KAR AUCTION SVCS INC COM 48238T109 1,583 33,164 SH   DFND 1 0 33,164 0
KADANT INC COM 48282T104 1,616 16,400 SH   DFND 1 0 16,400 0
KAISER ALUMINUM CORP COM PAR $0.01 483007704 4,665 45,232 SH   DFND 1 0 45,232 0
KAISER ALUMINUM CORP COM PAR $0.01 483007704 1,839 17,833 SH   SOLE   17,833 0 0
KELLY SVCS INC CL A 488152208 1,106 44,076 SH   DFND 1 0 44,076 0
KIMBALL INTL INC CL B 494274103 438 22,172 SH   DFND 1 0 22,172 0
KIMBALL INTL INC CL B 494274103 190 9,586 SH   SOLE   9,586 0 0
KOHLS CORP COM 500255104 648 14,188 SH   DFND 1 0 14,188 0
KORN FERRY INTL COM NEW 500643200 4,181 106,033 SH   DFND 1 0 106,033 0
L BRANDS INC COM 501797104 493 11,855 SH   DFND 1 0 11,855 0
LPL FINL HLDGS INC COM 50212V100 2,055 39,851 SH   DFND 1 0 39,851 0
L3 TECHNOLOGIES INC COM 502413107 550 2,919 SH   DFND 1 0 2,919 0
L3 TECHNOLOGIES INC COM 502413107 2,580 13,693 SH   SOLE   13,693 0 0
LAKELAND BANCORP INC COM 511637100 885 43,380 SH   DFND 1 0 43,380 0
LAKELAND FINL CORP COM 511656100 1,456 29,892 SH   DFND 1 0 29,892 0
LEAR CORP COM NEW 521865204 5,499 31,770 SH   DFND 1 0 31,770 0
LEGG MASON INC COM 524901105 11,841 301,218 SH   DFND 1 0 301,218 0
LEGG MASON INC COM 524901105 5,775 146,903 SH   SOLE   146,903 0 0
LINCOLN ELEC HLDGS INC COM 533900106 511 5,575 SH   DFND 1 0 5,575 0
LINCOLN ELEC HLDGS INC COM 533900106 2,336 25,476 SH   SOLE   25,476 0 0
LITTELFUSE INC COM 537008104 1,963 10,021 SH   DFND 1 0 10,021 0
LOCKHEED MARTIN CORP COM 539830109 6,885 22,188 SH   DFND 1 0 22,188 0
LOCKHEED MARTIN CORP COM 539830109 9,868 31,803 SH   SOLE   31,803 0 0
LOGMEIN INC COM 54142L109 1,252 11,378 SH   DFND 1 0 11,378 0
MB FINANCIAL INC NEW COM 55264U108 5,028 111,693 SH   DFND 1 0 111,693 0
MB FINANCIAL INC NEW COM 55264U108 3,368 74,814 SH   SOLE   74,814 0 0
MDU RES GROUP INC COM 552690109 341 13,143 SH   SOLE   13,143 0 0
MSA SAFETY INC COM 553498106 2,863 36,008 SH   DFND 1 0 36,008 0
MSA SAFETY INC COM 553498106 1,880 23,645 SH   SOLE   23,645 0 0
MSCI INC COM 55354G100 2,440 20,876 SH   DFND 1 0 20,876 0
MACYS INC COM 55616P104 638 29,231 SH   DFND 1 0 29,231 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 2,014 56,156 SH   DFND 1 0 56,156 0
MANPOWERGROUP INC COM 56418H100 7,175 60,894 SH   DFND 1 0 60,894 0
MANPOWERGROUP INC COM 56418H100 2,316 19,657 SH   SOLE   19,657 0 0
MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 486 3,905 SH   DFND 1 0 3,905 0
MATSON INC COM 57686G105 1,580 56,061 SH   DFND 1 0 56,061 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1,150 24,100 SH   DFND 1 0 24,100 0
MAXIM INTEGRATED PRODS INC COM 57772K101 22,885 479,675 SH   SOLE   479,675 0 0
MERCURY GENL CORP NEW COM 589400100 529 9,332 SH   DFND 1 0 9,332 0
METLIFE INC COM 59156R108 2,692 51,812 SH   DFND 1 0 51,812 0
MICROSOFT CORP COM 594918104 10,739 144,170 SH   DFND 1 0 144,170 0
MICROSOFT CORP COM 594918104 12,285 164,924 SH   SOLE   164,924 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 1,887 21,020 SH   DFND 1 0 21,020 0
MICROCHIP TECHNOLOGY INC COM 595017104 3,638 40,526 SH   SOLE   40,526 0 0
MOELIS & CO CL A 60786m105 497 11,544 SH   DFND 1 0 11,544 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 423 26,153 SH   SOLE   26,153 0 0
MORGAN STANLEY COM NEW 617446448 3,288 68,250 SH   DFND 1 0 68,250 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 2,882 33,961 SH   DFND 1 0 33,961 0
NASDAQ INC COM 631103108 7,906 101,925 SH   DFND 1 0 101,925 0
NASDAQ INC COM 631103108 4,440 57,245 SH   SOLE   57,245 0 0
NATIONAL CINEMEDIA INC COM 635309107 432 61,949 SH   DFND 1 0 61,949 0
NAVIENT CORPORATION COM 63938c108 467 31,120 SH   DFND 1 0 31,120 0
NEW MEDIA INVT GROUP INC COM 64704v106 507 34,259 SH   DFND 1 0 34,259 0
NEW YORK CMNTY BANCORP INC COM 649445103 621 48,161 SH   DFND 1 0 48,161 0
NEW YORK TIMES CO CL A 650111107 1,386 70,698 SH   DFND 1 0 70,698 0
NORTHROP GRUMMAN CORP COM 666807102 1,012 3,518 SH   DFND 1 0 3,518 0
NORTHWEST BANCSHARES INC MD COM 667340103 991 57,358 SH   DFND 1 0 57,358 0
NORTHWEST BANCSHARES INC MD COM 667340103 1,438 83,288 SH   SOLE   83,288 0 0
OCEANFIRST FINL CORP COM 675234108 1,157 42,100 SH   DFND 1 0 42,100 0
ORACLE CORP COM 68389X105 2,794 57,778 SH   DFND 1 0 57,778 0
PBF ENERGY INC CL A 69318G106 1,508 54,605 SH   DFND 1 0 54,605 0
PACKAGING CORP AMER COM 695156109 1,502 13,095 SH   DFND 1 0 13,095 0
PACKAGING CORP AMER COM 695156109 5 44 SH   SOLE   44 0 0
PACWEST BANCORP DEL COM 695263103 541 10,706 SH   DFND 1 0 10,706 0
PARKER HANNIFIN CORP COM 701094104 5,611 32,057 SH   DFND 1 0 32,057 0
PARKER HANNIFIN CORP COM 701094104 2,306 13,173 SH   SOLE   13,173 0 0
PEPSICO INC COM 713448108 510 4,578 SH   DFND 1 0 4,578 0
PEPSICO INC COM 713448108 754 6,764 SH   SOLE   6,764 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 4,747 235,482 SH   DFND 1 0 235,482 0
PIER 1 IMPORTS INC COM 720279108 502 119,709 SH   DFND 1 0 119,709 0
PIMCO ETF TR ENHAN SHRT MA AC 72201r833 13,224 129,897 SH   DFND 1 0 129,897 0
POWERSHARES ETF TR II SOVEREIGN DEBT 73936t573 16,000 537,440 SH   DFND 1 0 537,440 0
POWERSHARES ETF TR II S&P600 LOVL PT 73937b639 2,454 53,412 SH   DFND 1 0 53,412 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937b654 793 19,334 SH   SOLE   19,334 0 0
POWERSHARES ETF TR II ASIA PAC BD PR 73937b753 8,669 371,901 SH   DFND 1 0 371,901 0
PROVIDENT FINL SVCS INC COM 74386T105 364 13,637 SH   DFND 1 0 13,637 0
PROVIDENT FINL SVCS INC COM 74386T105 1,681 63,012 SH   SOLE   63,012 0 0
PULTE GROUP INC COM 745867101 3,879 141,924 SH   DFND 1 0 141,924 0
QUAD / GRAPHICS INC COM CL A 747301109 469 20,742 SH   DFND 1 0 20,742 0
RAYMOND JAMES FINANCIAL INC COM 754730109 3,317 39,334 SH   DFND 1 0 39,334 0
REALOGY HLDGS CORP COM 75605Y106 2,133 64,742 SH   DFND 1 0 64,742 0
REGAL BELOIT CORP COM 758750103 2,263 28,651 SH   DFND 1 0 28,651 0
REGAL ENTMT GROUP CL A 758766109 716 44,724 SH   DFND 1 0 44,724 0
REPUBLIC SVCS INC COM 760759100 3,126 47,316 SH   DFND 1 0 47,316 0
ROCKWELL AUTOMATION INC COM 773903109 1,833 10,284 SH   DFND 1 0 10,284 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355w304 330 5,361 SH   SOLE   5,361 0 0
RYDEX ETF TRUST GUG S&P500 EWCON 78355w874 263 2,148 SH   SOLE   2,148 0 0
S&P GLOBAL INC COM 78409v104 2,095 13,403 SH   DFND 1 0 13,403 0
SEI INVESTMENTS CO COM 784117103 4,976 81,490 SH   DFND 1 0 81,490 0
SPDR SER TR BLOOMBERG SRT TR 78468r408 65,197 2,330,964 SH   DFND 1 0 2,330,964 0
SPDR SER TR BLOOMBERG SRT TR 78468r408 42,610 1,523,434 SH   SOLE   1,523,434 0 0
SANDY SPRING BANCORP INC COM 800363103 223 5,388 SH   DFND 1 0 5,388 0
SANDY SPRING BANCORP INC COM 800363103 1,020 24,615 SH   SOLE   24,615 0 0
SCHNITZER STL INDS CL A 806882106 622 22,094 SH   DFND 1 0 22,094 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 500 12,065 SH   DFND 1 0 12,065 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369y886 946 17,839 SH   DFND 1 0 17,839 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369y886 12 220 SH   SOLE   220 0 0
STANLEY BLACK & DECKER INC COM 854502101 691 4,574 SH   DFND 1 0 4,574 0
STATE BK FINL CORP COM 856190103 955 33,322 SH   DFND 1 0 33,322 0
STATE BK FINL CORP COM 856190103 750 26,188 SH   SOLE   26,188 0 0
STEELCASE INC CL A 858155203 604 39,235 SH   DFND 1 0 39,235 0
SUNTRUST BKS INC COM 867914103 15,253 255,196 SH   DFND 1 0 255,196 0
SUNTRUST BKS INC COM 867914103 8,458 141,513 SH   SOLE   141,513 0 0
SYNOVUS FINL CORP COM NEW 87161c501 1,814 39,374 SH   DFND 1 0 39,374 0
SYNCHRONY FINL COM 87165b103 1,260 40,580 SH   DFND 1 0 40,580 0
TAILORED BRANDS INC COM 87403a107 765 52,964 SH   DFND 1 0 52,964 0
TARGET CORP COM 87612E106 505 8,552 SH   DFND 1 0 8,552 0
TEXAS INSTRS INC COM 882508104 10,305 114,957 SH   DFND 1 0 114,957 0
TEXAS INSTRS INC COM 882508104 422 4,706 SH   SOLE   4,706 0 0
TEXAS ROADHOUSE INC COM 882681109 627 12,760 SH   DFND 1 0 12,760 0
TEXAS ROADHOUSE INC COM 882681109 2,863 58,260 SH   SOLE   58,260 0 0
3M CO COM 88579Y101 412 1,964 SH   SOLE   1,964 0 0
TIME WARNER INC COM NEW 887317303 2,222 21,692 SH   DFND 1 0 21,692 0
TIME WARNER INC COM NEW 887317303 1,677 16,368 SH   SOLE   16,368 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 1,897 56,639 SH   DFND 1 0 56,639 0
TRACTOR SUPPLY CO COM 892356106 2,326 36,749 SH   DFND 1 0 36,749 0
TRICO BANCSHARES COM 896095106 853 20,929 SH   DFND 1 0 20,929 0
UMH PPTYS INC COM 903002103 442 28,408 SH   SOLE   28,408 0 0
UNILEVER PLC SPON ADR NEW 904767704 9,713 167,576 SH   SOLE   167,576 0 0
UNITED PARCEL SERVICE INC CL B 911312106 3,544 29,508 SH   DFND 1 0 29,508 0
UNITED PARCEL SERVICE INC CL B 911312106 7,113 59,229 SH   SOLE   59,229 0 0
UNITEDHEALTH GROUP INC COM 91324p102 2,283 11,656 SH   DFND 1 0 11,656 0
UNITEDHEALTH GROUP INC COM 91324p102 1,050 5,361 SH   SOLE   5,361 0 0
VAIL RESORTS INC COM 91879Q109 6,805 29,830 SH   DFND 1 0 29,830 0
VAIL RESORTS INC COM 91879Q109 624 2,736 SH   SOLE   2,736 0 0
VALERO ENERGY CORP NEW COM 91913Y100 2,473 32,143 SH   DFND 1 0 32,143 0
VALLEY NATL BANCORP COM 919794107 6,137 509,295 SH   DFND 1 0 509,295 0
VALLEY NATL BANCORP COM 919794107 2,566 212,956 SH   SOLE   212,956 0 0
VALMONT INDS INC COM 920253101 1,593 10,075 SH   DFND 1 0 10,075 0
VANECK VECTORS ETF TR EMERGING MKTS HI 92189F353 12,501 503,671 SH   DFND 1 0 503,671 0
VANECK VECTORS ETF TR EMERGING MKTS HI 92189F353 7,597 306,092 SH   SOLE   306,092 0 0
VANECK VECTORS ETF TR INTL HIGH YIELD 92189F445 13,622 528,823 SH   DFND 1 0 528,823 0
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 252 4,269 SH   SOLE   4,269 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 699 16,036 SH   DFND 1 0 16,036 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 267 6,123 SH   SOLE   6,123 0 0
VANGUARD WORLD FDS CONSUM DIS ETF 92204a108 973 6,790 SH   DFND 1 0 6,790 0
VANGUARD SCOTTSDALE FDS INT-TERM GOV 92206c706 1,110 17,159 SH   DFND 1 0 17,159 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206c771 1,042 19,750 SH   SOLE   19,750 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206c813 44,966 477,498 SH   DFND 1 0 477,498 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206c813 46,544 494,251 SH   SOLE   494,251 0 0
VANGUARD SCOTTSDALE FDS LONG-TERM GOV 92206c847 2,186 28,424 SH   DFND 1 0 28,424 0
VANGUARD SCOTTSDALE FDS LONG-TERM GOV 92206c847 5,665 73,683 SH   SOLE   73,683 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206c870 39,318 446,741 SH   DFND 1 0 446,741 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206c870 27,616 313,788 SH   SOLE   313,788 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,393 16,764 SH   DFND 1 0 16,764 0
VANGUARD INDEX FDS REIT ETF 922908553 213 2,569 SH   SOLE   2,569 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 335 2,623 SH   SOLE   2,623 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,079 8,331 SH   DFND 1 0 8,331 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,213 9,367 SH   SOLE   9,367 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 1,677 33,886 SH   DFND 1 0 33,886 0
VIAD CORP COM NEW 92552R406 342 5,615 SH   SOLE   5,615 0 0
VIRTU FINL INC CL A 928254101 493 30,427 SH   DFND 1 0 30,427 0
VIRTUS INVT PARTNERS INC COM 92828Q109 1,228 10,584 SH   DFND 1 0 10,584 0
VISHAY INTERTECHNOLOGY INC COM 928298108 2,345 124,714 SH   DFND 1 0 124,714 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 4,242 129,485 SH   DFND 1 0 129,485 0
WASTE MGMT INC DEL COM 94106L109 7,652 97,760 SH   DFND 1 0 97,760 0
WASTE MGMT INC DEL COM 94106L109 6,607 84,419 SH   SOLE   84,419 0 0
WILEY JOHN & SONS INC CL A 968223206 1,181 22,072 SH   DFND 1 0 22,072 0
WISDOMTREE TR ASIA LC DBT FD 97717x842 2,185 48,109 SH   DFND 1 0 48,109 0
WISDOMTREE TR ASIA LC DBT FD 97717x842 311 6,842 SH   SOLE   6,842 0 0
WYNDHAM WORLDWIDE CORP COM 98310w108 11,464 108,760 SH   DFND 1 0 108,760 0
WYNDHAM WORLDWIDE CORP COM 98310w108 14,737 139,804 SH   SOLE   139,804 0 0
XILINX INC COM 983919101 5,198 73,382 SH   DFND 1 0 73,382 0
XILINX INC COM 983919101 12,223 172,572 SH   SOLE   172,572 0 0
ALLEGION PUB LTD CO ORD SHS g0176j109 1,344 15,542 SH   DFND 1 0 15,542 0
AON PLC SHS CL A G0408V102 670 4,585 SH   DFND 1 0 4,585 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 11,803 87,388 SH   DFND 1 0 87,388 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 15,648 115,853 SH   SOLE   115,853 0 0
GENPACT LIMITED SHS G3922B107 1,585 55,145 SH   DFND 1 0 55,145 0
INGERSOLL-RAND PLC SHS G47791101 7,021 78,737 SH   DFND 1 0 78,737 0
INGERSOLL-RAND PLC SHS G47791101 2,817 31,587 SH   SOLE   31,587 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD g4863a108 1,039 42,311 SH   DFND 1 0 42,311 0
INVESCO LTD SHS G491BT108 452 12,906 SH   DFND 1 0 12,906 0
MAIDEN HOLDINGS LTD SHS G5753U112 338 42,487 SH   DFND 1 0 42,487 0
SEAGATE TECHNOLOGY PLC SHS g7945m107 1,711 51,591 SH   DFND 1 0 51,591 0
WILLIS TOWERS WATSON PUB LTD SHS g96629103 2,011 13,037 SH   DFND 1 0 13,037 0
GARMIN LTD SHS H2906T109 4,005 74,211 SH   DFND 1 0 74,211 0
GARMIN LTD SHS H2906T109 1,740 32,231 SH   SOLE   32,231 0 0
TE CONNECTIVITY LTD REG SHS h84989104 4,857 58,470 SH   DFND 1 0 58,470 0
TE CONNECTIVITY LTD REG SHS h84989104 894 10,766 SH   SOLE   10,766 0 0
CNH INDL N V SHS n20944109 1,958 163,000 SH   DFND 1 0 163,000 0
LYONDELLBASELL INDUSTRIES N SHS - A - n53745100 6,151 62,101 SH   DFND 1 0 62,101 0
LYONDELLBASELL INDUSTRIES N SHS - A - n53745100 13,010 131,346 SH   SOLE   131,346 0 0