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
1st Source Corporation COM 336901103 1 50 SH   SOLE   50 0 0
ACE Limited COM H0023R105 2,192 20,900 SH   SOLE   14,200 0 6,700
AFLAC Inc. COM 001055102 157 2,700 SH   SOLE   2,700 0 0
Activision Blizzard, Inc. COM 00507V109 5,499 264,500 SH   SOLE   90,700 0 173,800
Adamas Pharmaceuticals, Inc. COM 00548A106 2 100 SH   SOLE   100 0 0
Adams Resources & Energy COM 006351308 4 86 SH   SOLE   86 0 0
Agco Corporation COM 001084102 3,064 67,400 SH   SOLE   20,000 0 47,400
Alexanders Inc. COM 014752109 3 7 SH   SOLE   7 0 0
Alliant Energy Corp. COM 018802108 1,435 25,900 SH   SOLE   4,600 0 21,300
Amdocs Limited COM G02602103 37 800 SH   SOLE   800 0 0
Amerco COM 023586100 7,097 27,100 SH   SOLE   9,100 0 18,000
American Axle & Manufacturing COM 024061103 3 162 SH   SOLE   162 0 0
American Financial Group COM 025932104 4,452 76,900 SH   SOLE   19,900 0 57,000
American Intl Group, Inc. COM 026874784 2,604 48,200 SH   SOLE   32,800 0 15,400
American Water Works COM 030420103 1,191 24,700 SH   SOLE   3,800 0 20,900
Amkor Technology Inc COM 031652100 2 204 SH   SOLE   204 0 0
Annaly Capital Mgmt. COM 035710409 3,953 370,100 SH   SOLE   98,800 0 271,300
Arch Capital Group Ltd. COM G0450A105 6,096 111,400 SH   SOLE   34,600 0 76,800
Arlington Asset Investmnt Corp COM 041356205 5 200 SH   SOLE   200 0 0
Arrow Electronics Inc COM 042735100 6,719 121,400 SH   SOLE   42,100 0 79,300
Assurant Inc. COM 04621X108 4,392 68,300 SH   SOLE   18,400 0 49,900
Atlas Air Worldwide COM 049164205 1 25 SH   SOLE   25 0 0
Atwood Oceanics Inc COM 050095108 1,874 42,900 SH   SOLE   11,800 0 31,100
AutoNation Inc. COM 05329W102 3,461 68,800 SH   SOLE   19,500 0 49,300
Autobytel Inc. COM 05275N205 2 200 SH   SOLE   200 0 0
Avnet Inc COM 053807103 8,786 211,700 SH   SOLE   75,900 0 135,800
Aware Inc. COM 05453N100 2 651 SH   SOLE   651 0 0
Axis Capital Holdings Ltd COM G0692U109 3,280 69,300 SH   SOLE   16,600 0 52,700
BOK Financial Corp. COM 05561Q201 2,559 38,500 SH   SOLE   11,400 0 27,100
Baldwin & Lyons cl B COM 057755209 2 100 SH   SOLE   100 0 0
BancFirst Corp OK COM 05945F103 3 53 SH   SOLE   53 0 0
Bassett Furniture Industries COM 070203104 2 145 SH   SOLE   145 0 0
Beasley Broadcast Group Inc. COM 074014101 1 100 SH   SOLE   100 0 0
Becton Dickinson & Co. COM 075887109 1,206 10,600 SH   SOLE   7,400 0 3,200
Booz Allen Hamilton cl A COM 099502106 3,236 138,300 SH   SOLE   35,700 0 102,600
Bridgepoint Education, Inc. COM 10807M105 1 121 SH   SOLE   121 0 0
Brooks Automation Inc COM 114340102 3 239 SH   SOLE   239 0 0
Brunswick Corporation COM 117043109 818 19,400 SH   SOLE   9,700 0 9,700
CA, Inc. COM 12673P105 11,397 407,900 SH   SOLE   146,900 0 261,000
CAI International, Inc. COM 12477X106 6 301 SH   SOLE   301 0 0
CBRE Group Inc. COM 12504L109 1,728 58,100 SH   SOLE   12,700 0 45,400
CIGNA Corporation COM 125509109 3,990 44,000 SH   SOLE   18,500 0 25,500
CNA Financial Corporation COM 126117100 6,256 164,500 SH   SOLE   57,500 0 107,000
CVR Energy, Inc. COM 12662P108 6,289 140,600 SH   SOLE   40,200 0 100,400
Cabot Corporation COM 127055101 1,010 19,900 SH   SOLE   3,900 0 16,000
Cal-Maine Foods Inc. COM 128030202 1 8 SH   SOLE   8 0 0
Campbell Soup Company COM 134429109 3,055 71,500 SH   SOLE   20,900 0 50,600
Carnival Corp COM 143658300 185 4,600 SH   SOLE   4,600 0 0
Celanese Corp. COM 150870103 3,406 58,200 SH   SOLE   23,900 0 34,300
Central Pacific Financial Corp COM 154760102 2 117 SH   SOLE   117 0 0
Century Bancorp cl A COM 156432106 3 100 SH   SOLE   100 0 0
Chevron Corp COM 166764100 4,415 37,000 SH   SOLE   25,200 0 11,800
Citizens & Northern Corp COM 172922106 4 200 SH   SOLE   200 0 0
Columbia Sportswear Co. COM 198516106 3 70 SH   SOLE   70 0 0
Commercial Vehicle Group COM 202608105 1 100 SH   SOLE   100 0 0
Consumer Portfolio Services COM 210502100 4 600 SH   SOLE   600 0 0
Corrections Corp of America COM 22025Y407 127 3,700 SH   SOLE   3,700 0 0
Crawford & Co cl A COM 224633206 5 700 SH   SOLE   700 0 0
Credit Acceptance Corp COM 225310101 2 14 SH   SOLE   14 0 0
Crown Media Holdings Inc. COM 228411104 1 400 SH   SOLE   400 0 0
DST Systems Inc. COM 233326107 3,416 40,700 SH   SOLE   11,100 0 29,600
DTE Energy Company COM 233331107 852 11,200 SH   SOLE   700 0 10,500
Delta Air Lines, Inc. COM 247361702 3,962 109,600 SH   SOLE   60,400 0 49,200
Diamond Offshore Drilling Inc. COM 25271C102 3,831 111,800 SH   SOLE   24,900 0 86,900
Dillards Inc cl A COM 254067101 2,997 27,500 SH   SOLE   6,700 0 20,800
Discover Financial Services COM 254709108 2,138 33,200 SH   SOLE   22,400 0 10,800
Domtar Corp. COM 257559203 1,265 36,000 SH   SOLE   7,000 0 29,000
Donegal Group Inc. cl A COM 257701201 2 135 SH   SOLE   135 0 0
Dover Corporation COM 260003108 64 800 SH   SOLE   800 0 0
EMC Insurance Group COM 268664109 3 100 SH   SOLE   100 0 0
EZCORP Inc. COM 302301106 1 123 SH   SOLE   123 0 0
Electro Rent Corp COM 285218103 2 123 SH   SOLE   123 0 0
Emmis Communications Inc COM 291525103 1 600 SH   SOLE   600 0 0
Empire District Electric Co. COM 291641108 1 26 SH   SOLE   26 0 0
Ennis Inc COM 293389102 0 30 SH   SOLE   30 0 0
Entercom Communications COM 293639100 4 464 SH   SOLE   464 0 0
Entergy Corp COM 29364G103 12,411 160,500 SH   SOLE   55,800 0 104,700
Enterprise Financial Services COM 293712105 3 200 SH   SOLE   200 0 0
Everest Re Group Ltd COM G3223R108 4,407 27,200 SH   SOLE   9,700 0 17,500
Exelis Inc. COM 30162A108 1,857 112,300 SH   SOLE   25,900 0 86,400
Exxon Mobil Corporation COM 30231G102 6,330 67,300 SH   SOLE   45,700 0 21,600
FBL Financial Group cl A COM 30239F106 1 16 SH   SOLE   16 0 0
Fifth Third Bancorp COM 316773100 7,365 367,900 SH   SOLE   132,400 0 235,500
Financial Institutions Inc. COM 317585404 2 100 SH   SOLE   100 0 0
First Citizens Bancshares cl A COM 31946M103 2 7 SH   SOLE   7 0 0
First Financial Corp (IN) COM 320218100 3 100 SH   SOLE   100 0 0
First Interstate BancSystem A COM 32055Y201 3 111 SH   SOLE   111 0 0
First Republic Bank COM 33616C100 657 13,300 SH   SOLE   900 0 12,400
Five Star Quality Care COM 33832D106 3 841 SH   SOLE   841 0 0
Ford Motor Company COM 345370860 2,381 161,000 SH   SOLE   107,100 0 53,900
Fortegra Financial Corp. COM 34954W104 4 362 SH   SOLE   362 0 0
Franklin Resources, Inc. COM 354613101 55 1,000 SH   SOLE   1,000 0 0
Fresh Del Monte Produce COM G36738105 2 65 SH   SOLE   65 0 0
GAMCO Investors, Inc. COM 361438104 3 38 SH   SOLE   38 0 0
Gannett Co. Inc. COM 364730101 3,127 105,400 SH   SOLE   34,500 0 70,900
General Electric Co COM 369604103 456 17,800 SH   SOLE   12,000 0 5,800
Global Sources Ltd. COM G39300101 3 425 SH   SOLE   425 0 0
Great Southern Bancorp COM 390905107 5 149 SH   SOLE   149 0 0
HCA Holdings Inc. COM 40412C101 4,118 58,400 SH   SOLE   20,900 0 37,500
Hallador Energy Company COM 406092304 4 331 SH   SOLE   331 0 0
Handy & Harman Ltd. COM 410315105 7 263 SH   SOLE   263 0 0
Harris Corporation COM 413875105 757 11,400 SH   SOLE   3,200 0 8,200
Hawaiian Telcom Holdco, Inc. COM 420031106 5 188 SH   SOLE   188 0 0
Heartland Financial USA COM 42234Q102 4 149 SH   SOLE   149 0 0
HollyFrontier Corporation COM 436106108 31 700 SH   SOLE   700 0 0
Homestreet Inc COM 43785V102 4 231 SH   SOLE   231 0 0
Horace Mann Educators COM 440327104 2 85 SH   SOLE   85 0 0
Hormel Foods Corp COM 440452100 807 15,700 SH   SOLE   15,700 0 0
Humana Inc. COM 444859102 3,961 30,400 SH   SOLE   11,800 0 18,600
Huntington Bancshares, Inc. COM 446150104 89 9,100 SH   SOLE   9,100 0 0
Hyster-Yale Materials Handling COM 449172105 2 31 SH   SOLE   31 0 0
IBM Corp COM 459200101 2,772 14,600 SH   SOLE   9,900 0 4,700
ITT Educational Services Inc COM 45068B109 1 200 SH   SOLE   200 0 0
Illinois Tool Works Inc. COM 452308109 270 3,200 SH   SOLE   2,900 0 300
Independence Holding Co. COM 453440307 2 160 SH   SOLE   160 0 0
Ingles Markets cl A COM 457030104 1 45 SH   SOLE   45 0 0
Ingram Micro Inc. COM 457153104 1,796 69,600 SH   SOLE   13,800 0 55,800
Ingredion Incorporated COM 457187102 2,857 37,700 SH   SOLE   7,100 0 30,600
Insight Enterprises, Inc. COM 45765U103 3 120 SH   SOLE   120 0 0
Integrys Energy Group COM 45822P105 5,938 91,600 SH   SOLE   21,400 0 70,200
Intelsat S.A. COM L5140P101 624 36,400 SH   SOLE   10,400 0 26,000
International Bancshares COM 459044103 3 116 SH   SOLE   116 0 0
International Shipholding COM 460321201 2 136 SH   SOLE   136 0 0
JPMorgan Chase & Co COM 46625H100 4,030 66,900 SH   SOLE   45,200 0 21,700
Jabil Circuit Inc. COM 466313103 1,807 89,600 SH   SOLE   22,900 0 66,700
Johnson Outdoors Inc. COM 479167108 5 192 SH   SOLE   192 0 0
Jones Lang LaSalle Inc COM 48020Q107 7,833 62,000 SH   SOLE   20,100 0 41,900
Kansas City Life Insurance COM 484836101 3 67 SH   SOLE   67 0 0
Kelly Services cl A COM 488152208 2 104 SH   SOLE   104 0 0
Kemper Corp COM 488401100 1 27 SH   SOLE   27 0 0
Kohl's Corporation COM 500255104 354 5,800 SH   SOLE   1,700 0 4,100
Kraft Foods Group Inc COM 50076Q106 1,004 17,800 SH   SOLE   11,500 0 6,300
Kronos Worldwide Inc. COM 50105F105 1 61 SH   SOLE   61 0 0
L-3 Communications COM 502424104 8,063 67,800 SH   SOLE   19,300 0 48,500
Lear Corporation COM 521865204 3,845 44,500 SH   SOLE   11,300 0 33,200
Mainsource Financial Grp COM 56062Y102 3 200 SH   SOLE   200 0 0
Manpower Inc. COM 56418H100 1,199 17,100 SH   SOLE   2,800 0 14,300
Marcus Corporation COM 566330106 1 52 SH   SOLE   52 0 0
McClatchy Co. cl A COM 579489105 2 700 SH   SOLE   700 0 0
Mercantile Bank Corp COM 587376104 3 180 SH   SOLE   180 0 0
Mueller Industries, Inc. COM 624756102 1 46 SH   SOLE   46 0 0
NACCO Industries Inc A COM 629579103 5 108 SH   SOLE   108 0 0
NASB Financial, Inc. COM 628968109 2 100 SH   SOLE   100 0 0
National Beverage Corp COM 635017106 1 62 SH   SOLE   62 0 0
National Healthcare Corp COM 635906100 2 32 SH   SOLE   32 0 0
National Western Life Insuranc COM 638522102 1 6 SH   SOLE   6 0 0
Nature's Sunshine Products COM 639027101 2 142 SH   SOLE   142 0 0
Navient Corporation COM 63938C108 2,825 159,500 SH   SOLE   45,900 0 113,600
Navigators Group Inc COM 638904102 2 38 SH   SOLE   38 0 0
Nelnet Inc COM 64031N108 3 70 SH   SOLE   70 0 0
New Media Investment Group COM 64704V106 2 100 SH   SOLE   100 0 0
Norfolk Southern Corp COM 655844108 78 700 SH   SOLE   700 0 0
Northrop Grumman Corp COM 666807102 3,202 24,300 SH   SOLE   16,500 0 7,800
Nu Skin Enterprises Inc. COM 67018T105 239 5,300 SH   SOLE   300 0 5,000
Nutraceutical Int'l Corp COM 67060Y101 3 129 SH   SOLE   129 0 0
OceanFirst Financial COM 675234108 2 126 SH   SOLE   126 0 0
One Liberty Properties Inc. COM 682406103 1 50 SH   SOLE   50 0 0
Onebeacon Insurance Grp COM G67742109 3 187 SH   SOLE   187 0 0
PBF Energy Inc cl A COM 69318G106 5,969 248,700 SH   SOLE   78,500 0 170,200
PC Connection, Inc. COM 69318J100 6 262 SH   SOLE   262 0 0
PDL BioPharma, Inc. COM 69329Y104 6,223 833,030 SH   SOLE   272,230 0 560,800
PPL Corp COM 69351T106 243 7,400 SH   SOLE   7,400 0 0
Park National Corp OH COM 700658107 3 40 SH   SOLE   40 0 0
PartnerRe Ltd. COM G6852T105 8,846 80,500 SH   SOLE   33,400 0 47,100
Patrick Industries Inc. COM 703343103 3 61 SH   SOLE   61 0 0
Pilgrims Pride Corp COM 721467108 4,819 157,700 SH   SOLE   56,800 0 100,900
Popular Inc. COM 733174700 3,735 126,900 SH   SOLE   56,300 0 70,600
Preformed Line Products COM 740444104 3 53 SH   SOLE   53 0 0
Principal Financial Group COM 74251V102 4,497 85,700 SH   SOLE   21,500 0 64,200
Public Service Enterprise Grp COM 744573106 1,519 40,800 SH   SOLE   12,000 0 28,800
QCR Holdings, Inc. COM 74727A104 2 100 SH   SOLE   100 0 0
Quad/Graphics, Inc. cl A COM 747301109 1,140 59,200 SH   SOLE   14,700 0 44,500
RCS Capital Corporation COM 74937W102 894 39,700 SH   SOLE   9,000 0 30,700
RPC Inc. COM 749660106 70 3,200 SH   SOLE   3,200 0 0
Rayonier Inc. COM 754907103 1,308 42,000 SH   SOLE   8,100 0 33,900
Raytheon Company COM 755111507 762 7,500 SH   SOLE   4,800 0 2,700
Reinsurance Group of America COM 759351604 10,441 130,300 SH   SOLE   43,900 0 86,400
Remy International Inc. COM 759663107 6 272 SH   SOLE   272 0 0
Renewable Energy Grp Inc COM 75972A301 2 200 SH   SOLE   200 0 0
Republic Bancorp KY COM 760281204 3 138 SH   SOLE   138 0 0
Reynolds American Inc COM 761713106 2,502 42,400 SH   SOLE   30,100 0 12,300
Ryder System Inc. COM 783549108 4,247 47,200 SH   SOLE   12,700 0 34,500
Saul Centers Inc. COM 804395101 1 28 SH   SOLE   28 0 0
Scana Corporation COM 80589M102 2,203 44,400 SH   SOLE   21,800 0 22,600
Seadrill Limited COM G7945E105 5,909 220,800 SH   SOLE   67,600 0 153,200
Select Medical Holdings Corp COM 81619Q105 2 207 SH   SOLE   207 0 0
ServisFirst Bancshares, Inc. COM 81768T108 2 66 SH   SOLE   66 0 0
Ship Finance Intl Ltd COM G81075106 1 73 SH   SOLE   73 0 0
Sirva Inc COM 82967Y104 1 59 SH   SOLE   59 0 0
Sotherly Hotels Inc. COM 83600C103 2 200 SH   SOLE   200 0 0
Southern Copper Corp. COM 84265V105 2,245 75,700 SH   SOLE   50,100 0 25,600
Spok Holdings, Inc. COM 84863T106 4 342 SH   SOLE   342 0 0
St. Joe Company COM 790148100 1,433 71,900 SH   SOLE   21,400 0 50,500
Starz Series A Liberty Capital COM 85571Q102 4,505 136,200 SH   SOLE   40,700 0 95,500
Steelcase Inc cl A COM 858155203 614 37,900 SH   SOLE   6,500 0 31,400
Stepan Company COM 858586100 3 64 SH   SOLE   64 0 0
Strategic Hotels & Resorts COM 86272T106 4,427 380,000 SH   SOLE   101,800 0 278,200
Symetra Financial Corp COM 87151Q106 2 105 SH   SOLE   105 0 0
Synnex Corp COM 87162W100 3 39 SH   SOLE   39 0 0
Syntel Inc. COM 87162H103 3 34 SH   SOLE   34 0 0
TESSCO Technologies, Inc. COM 872386107 3 100 SH   SOLE   100 0 0
TRC Companies Inc. COM 872625108 4 542 SH   SOLE   542 0 0
TRW Automotive Hldgs Corp. COM 87264S106 12,110 119,600 SH   SOLE   41,200 0 78,400
TeleTech Holdings Inc COM 879939106 3 114 SH   SOLE   114 0 0
Textainer Group Hldgs Ltd. COM G8766E109 2 69 SH   SOLE   69 0 0
The Babcock & Wilcox Co COM 05615F102 1,299 46,900 SH   SOLE   9,800 0 37,100
Third Point Reinsurance Ltd. COM G8827U100 3 200 SH   SOLE   200 0 0
Tilly's, Inc. COM 886885102 2 300 SH   SOLE   300 0 0
Timken Company COM 887389104 2,806 66,200 SH   SOLE   17,000 0 49,200
Towne Bank COM 89214P109 4 258 SH   SOLE   258 0 0
Trans World Entertainment COM 89336Q100 2 500 SH   SOLE   500 0 0
Triple-S Management Corp COM 896749108 4 200 SH   SOLE   200 0 0
Tyson Foods Inc COM 902494103 2,402 61,000 SH   SOLE   14,300 0 46,700
UFP Technologies, Inc. COM 902673102 1 66 SH   SOLE   66 0 0
United States Lime & Minerals COM 911922102 1 13 SH   SOLE   13 0 0
United Stationers, Inc. COM 913004107 2 49 SH   SOLE   49 0 0
Universal Corporation COM 913456109 1 14 SH   SOLE   14 0 0
Universal Truckload Services COM 91388P105 1 50 SH   SOLE   50 0 0
VSE Corporation COM 918284100 1 26 SH   SOLE   26 0 0
Vectrus, Inc. COM 92242T101 122 6,239 SH   SOLE   1,439 0 4,800
Village Super Market COM 927107409 3 122 SH   SOLE   122 0 0
Vishay Intertechnology Inc. COM 928298108 110 7,700 SH   SOLE   7,700 0 0
Vonage Holdings Corp. COM 92886T201 2 563 SH   SOLE   563 0 0
Voya Financial, Inc. COM 929089100 1,548 39,600 SH   SOLE   2,400 0 37,200
W&T Offshore Inc. COM 92922P106 1 87 SH   SOLE   87 0 0
W.R. Berkley Corp COM 084423102 511 10,700 SH   SOLE   700 0 10,000
Wal-Mart Stores, Inc. COM 931142103 3,846 50,300 SH   SOLE   34,200 0 16,100
Washington Trust Bancorp COM 940610108 3 100 SH   SOLE   100 0 0
Wayside Technology Group COM 946760105 2 100 SH   SOLE   100 0 0
Weis Markets Inc. COM 948849104 2 55 SH   SOLE   55 0 0
West Corporation COM 952355204 4 122 SH   SOLE   122 0 0
Western Refining, Inc. COM 959319104 3 64 SH   SOLE   64 0 0
Western Union COM 959802109 2,153 134,200 SH   SOLE   35,200 0 99,000
Westlake Chemical Corp COM 960413102 5,576 64,400 SH   SOLE   21,700 0 42,700
Weyco Group Inc. COM 962149100 2 63 SH   SOLE   63 0 0
Xcel Energy Inc COM 98389B100 1,778 58,500 SH   SOLE   17,500 0 41,000
Xerox Corporation COM 984121103 1,659 125,400 SH   SOLE   79,200 0 46,200
ZAIS Financial Corp. COM 98886K108 1 50 SH   SOLE   50 0 0
ePlus Inc. COM 294268107 4 68 SH   SOLE   68 0 0