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
AbbVie INC COM 00287y109 2,168 22,420 SH   SOLE   22,420 0 0
Acco Brands Corp COM 00081T108 11 923 SH   SOLE   923 0 0
Adient PLC COM G0084W101 39 494 SH   SOLE   494 0 0
ADTALEM GLOBAL EDUCATION COM 00737L103 363 8,626 SH   SOLE   8,626 0 0
AECOM TECH CORP DEL COM COM 00766T100 473 12,745 SH   SOLE   12,745 0 0
AES CORP COMMON STOCK USD.01 COM 00130H105 422 38,988 SH   SOLE   38,988 0 0
AETNA INC NEW COM 00817y108 1,320 7,320 SH   SOLE   7,320 0 0
Affiliated Managers Group COM 008252108 548 2,671 SH   SOLE   2,671 0 0
AFLAC INC COMMON STOCK USD.1 COM 001055102 2,379 27,099 SH   SOLE   27,099 0 0
AGRIUM INC COMMON STOCK NPV COM 008916108 6 53 SH   SOLE   53 0 0
Air Lease Corporation COM 00912x302 413 8,579 SH   SOLE   8,579 0 0
AIRCASTLE LTD COM G0129k104 321 13,742 SH   SOLE   13,742 0 0
Ak Steel Holding Corp COM 001547108 10 1,852 SH   SOLE   1,852 0 0
Alaska Air Group Inc. COM 011659109 357 4,851 SH   SOLE   4,851 0 0
Allegiant Travel Co COM 01748X102 46 296 SH   SOLE   296 0 0
Alliance Data Systems Corp. COM 018581108 435 1,716 SH   SOLE   1,716 0 0
Alliance Holdings COM 01861g100 31 1,160 SH   SOLE   1,160 0 0
Allianceberstein Hldg COM 01881g106 327 13,038 SH   SOLE   13,038 0 0
ALLSTATE CORPORATION COM 020002101 1,281 12,237 SH   SOLE   12,237 0 0
ALLY Financial Inc COM 02005n100 631 21,650 SH   SOLE   21,650 0 0
AMC Networks Inc. Class A COM 00164v103 291 5,384 SH   SOLE   5,384 0 0
Amerco COM 023586100 181 478 SH   SOLE   478 0 0
AMERICAN AIRLINES GROUP INC COM 02376R102 49 944 SH   SOLE   944 0 0
American Axle & Mfg Hldgs COM 024061103 242 14,210 SH   SOLE   14,210 0 0
American Eagle Outfitters COM 02553e106 64 3,415 SH   SOLE   3,415 0 0
American Equity Investment Life Holding Co COM 025676206 44 1,419 SH   SOLE   1,419 0 0
AMERICAN EXPRESS COMPANY COM 025816109 1,407 14,170 SH   SOLE   14,170 0 0
American Financial Group Inc. COM 025932104 8 70 SH   SOLE   70 0 0
AMERIPRISE FINANCIAL INC COMMON STOCK USD. COM 03076C106 566 3,338 SH   SOLE   3,338 0 0
Amerisafe Inc. COM 03071h100 12 194 SH   SOLE   194 0 0
AMGEN INC COMMON STOCK USD.0001 COM 031162100 1,052 6,049 SH   SOLE   6,049 0 0
Amkor Technology Inc. COM 031652100 41 4,122 SH   SOLE   4,122 0 0
AMTRUST FINANCIAL SERVICES COM 032359309 128 12,703 SH   SOLE   12,703 0 0
ANADARKO PETROLEUM CORP COM 032511107 610 11,370 SH   SOLE   11,370 0 0
Andeavor COM 03349m105 619 5,410 SH   SOLE   5,410 0 0
ANIXTER INTL INC COM 035290105 44 584 SH   SOLE   584 0 0
Annaly Mtg Mgmt Inc. COM 035710409 448 37,679 SH   SOLE   37,679 0 0
ANTHEM INC. COM 036752103 1,339 5,949 SH   SOLE   5,949 0 0
Apollo Commercial Real Estate COM 03762U105 311 16,846 SH   SOLE   16,846 0 0
Apollo Global Management, LLC COM 037612306 373 11,141 SH   SOLE   11,141 0 0
Apple Computer COM 037833100 2,043 12,070 SH   SOLE   12,070 0 0
Applied optoelectronics Inc COM 03823u102 242 6,407 SH   SOLE   6,407 0 0
ARCHER DANIELS MIDLAND CO COMMON STOCK NPV COM 039483102 454 11,333 SH   SOLE   11,333 0 0
Ares Capital Corp COM 04010l103 246 15,670 SH   SOLE   15,670 0 0
Ares Management LP Unit COM 04014Y101 101 5,051 SH   SOLE   5,051 0 0
Armour Residential Inc. COM 042315507 127 4,954 SH   SOLE   4,954 0 0
Arris International PLC. COM G0551A103 411 16,002 SH   SOLE   16,002 0 0
ARROW ELECTRONICS INC COMMON STOCK USD1.0 COM 042735100 487 6,053 SH   SOLE   6,053 0 0
Artisan Partners Asset Management Inc COM 04316A108 412 10,439 SH   SOLE   10,439 0 0
ASSURANT INC COMMON STOCK USD.01 COM 04621X108 6 58 SH   SOLE   58 0 0
ASTRAZENECA PLC ADR F SPONSORED ADR 1 ADR COM 046353108 6 180 SH   SOLE   180 0 0
AT& T INC COM 00206r102 1,089 28,012 SH   SOLE   28,012 0 0
Atlas Air Worldwide COM 049164205 13 224 SH   SOLE   224 0 0
Avis Budget Group Inc COM 053774105 72 1,644 SH   SOLE   1,644 0 0
Avnet Inc Com COM 053807103 385 9,713 SH   SOLE   9,713 0 0
BANK OF AMERICA CORP COM 060505104 3,090 104,681 SH   SOLE   104,681 0 0
Bank of Montreal COM 063671101 1,070 13,369 SH   SOLE   13,369 0 0
Bank Of New York Mellon Corp. COM 064058100 2,440 45,310 SH   SOLE   45,310 0 0
Bank of Nova Scotia COM 064149107 1,107 17,152 SH   SOLE   17,152 0 0
Barclays PLC- ADR COM 06738E204 6 526 SH   SOLE   526 0 0
BBT CORP COMMON STOCK USD5.0 COM 054937107 486 9,774 SH   SOLE   9,774 0 0
Bed Bath & Beyond Inc. COM 075896100 233 10,587 SH   SOLE   10,587 0 0
BELDEN INC COM 077454106 365 4,730 SH   SOLE   4,730 0 0
Berkshire Hills Bancorp Inc. COM 084680107 13 359 SH   SOLE   359 0 0
BEST BUY CO INC COM 086516101 1,049 15,324 SH   SOLE   15,324 0 0
BGC PARTNERS INC CL A COM 05541T101 433 28,643 SH   SOLE   28,643 0 0
BHP BILLITON LTD ADR F SPONSORED ADR 1 ADR COM 088606108 358 7,794 SH   SOLE   7,794 0 0
BHP BILLITON PLC SP ADR COM 05545E209 8 203 SH   SOLE   203 0 0
BIG LOTS INC COMMON STOCK USD.01 COM 089302103 38 672 SH   SOLE   672 0 0
BIOGEN IDEC INC COM 09062x103 1,180 3,705 SH   SOLE   3,705 0 0
Bioverativ Inc. COM 09075e100 1 10 SH   SOLE   10 0 0
Blackstone Group LP COM 09253u108 431 13,475 SH   SOLE   13,475 0 0
Blackstone Mortgage Tru-Cl A COM 09257W100 327 10,174 SH   SOLE   10,174 0 0
Block H & R Inc COM 093671105 52 1,992 SH   SOLE   1,992 0 0
Bloomin' Brands Inc. COM 094235108 48 2,244 SH   SOLE   2,244 0 0
Boardwalk Pipeline Partners, LP COM 096627104 151 11,684 SH   SOLE   11,684 0 0
BOEING CO COMMON STOCK USD5.0 COM 097023105 521 1,766 SH   SOLE   1,766 0 0
BofI Holding, Inc COM 05566u108 375 12,534 SH   SOLE   12,534 0 0
Borg Warner Auto COM 099724106 33 654 SH   SOLE   654 0 0
BP PLC ADR F SPONSORED ADR 1 ADR REP 6 ORD COM 055622104 151 3,596 SH   SOLE   3,596 0 0
Brighthouse Financial COM 10922n103 201 3,431 SH   SOLE   3,431 0 0
BRINKER INTL INC COM 109641100 286 7,363 SH   SOLE   7,363 0 0
British American Tobacco - Spon ADR COM 110448107 493 7,366 SH   SOLE   7,366 0 0
Brunswick Corp COM 117043109 353 6,400 SH   SOLE   6,400 0 0
Buckeye Partners LP COM 118230101 15 295 SH   SOLE   295 0 0
Builders Firstsource Inc COM 12008r107 65 2,973 SH   SOLE   2,973 0 0
BUNGE LIMITED COM G16962105 5 80 SH   SOLE   80 0 0
CA INC COMMON STOCK USD.1 COM 12673P105 958 28,791 SH   SOLE   28,791 0 0
Cabot Corp. COM 127055101 373 6,052 SH   SOLE   6,052 0 0
Calatlantic Group Inc. COM 128195104 475 8,427 SH   SOLE   8,427 0 0
Caleres, Inc. COM 129500104 298 8,894 SH   SOLE   8,894 0 0
Campbell Soup Co. COM 134429109 467 9,709 SH   SOLE   9,709 0 0
CANADIAN IMPRL BK COMM COM COM 136069101 1,426 14,635 SH   SOLE   14,635 0 0
CAPITAL ONE FINANCIAL CORP COMMON STOCK US COM 14040H105 1,192 11,966 SH   SOLE   11,966 0 0
Capstead Mortgage Cp New COM 14067e506 26 3,005 SH   SOLE   3,005 0 0
Cardinal Health Inc. COM 14149Y108 36 590 SH   SOLE   590 0 0
CARNIVAL CORP NEW F PAIRED STK SPECIAL VTG COM 143658300 439 6,614 SH   SOLE   6,614 0 0
CATHAY GENERAL BANCORP COM 149150104 38 892 SH   SOLE   892 0 0
CBS Corp New Cl B COM 124857202 38 649 SH   SOLE   649 0 0
CDW Corp/DE COM 12514G108 9 124 SH   SOLE   124 0 0
Celanese Corp. - Series A COM 150870103 503 4,693 SH   SOLE   4,693 0 0
CENTURYLINK INC COMMON STOCK USD1.0 COM 156700106 127 7,600 SH   SOLE   7,600 0 0
CHESAPEAKE ENERGY CORP COM 165167107 3 752 SH   SOLE   752 0 0
Chicago Bridge & Iron COM 167250109 77 4,750 SH   SOLE   4,750 0 0
China Mobile LTD Spn ADR COM 16941m109 5 91 SH   SOLE   91 0 0
China Telecom Corp Ltd COM 169426103 5 115 SH   SOLE   115 0 0
Chubb LTD COM h1467j104 6 41 SH   SOLE   41 0 0
CIGNA CORP COMMON STOCK USD.25 COM 125509109 8 39 SH   SOLE   39 0 0
Cirrus Logic Inc. COM 172755100 338 6,524 SH   SOLE   6,524 0 0
Cisco Systems Inc. COM 17275R102 2,577 67,294 SH   SOLE   67,294 0 0
CITIGROUP INC COM 172967424 2,699 36,267 SH   SOLE   36,267 0 0
Citizens Financial Group COM 174610105 1,215 28,932 SH   SOLE   28,932 0 0
CITRIX SYSTEMS INC COMMON STOCK USD.001 COM 177376100 20 230 SH   SOLE   230 0 0
CNA Financial Corp COM 126117100 494 9,313 SH   SOLE   9,313 0 0
COGNIZANT TECH SOLUTIONS A COMMON STOCK US COM 192446102 332 4,680 SH   SOLE   4,680 0 0
Colony NorthStar, Inc. COM 19625W104 196 17,189 SH   SOLE   17,189 0 0
CommScope Holdings Co., Inc. COM 20337X109 18 489 SH   SOLE   489 0 0
Conduent Inc. Common COM 206787103 2 101 SH   SOLE   101 0 0
CONE Midstream Partners LP COM 206812109 9 566 SH   SOLE   566 0 0
Convergys Corp. COM 212485106 345 14,680 SH   SOLE   14,680 0 0
Cooper Tire And Rubber COM 216831107 259 7,315 SH   SOLE   7,315 0 0
CoreLogic Inc. COM 21871D103 37 791 SH   SOLE   791 0 0
CREDIT ACCEPTANCE CORP COM 225310101 531 1,643 SH   SOLE   1,643 0 0
Crown Holdings Inc. COM 228368106 437 7,764 SH   SOLE   7,764 0 0
CSG Systems Intl COM 126349109 340 7,763 SH   SOLE   7,763 0 0
CSRA Inc. COM 12650T104 433 14,477 SH   SOLE   14,477 0 0
CSX Corp COM 126408103 10 185 SH   SOLE   185 0 0
CUMMINS INC COMMON STOCK USD2.5 COM 231021106 377 2,136 SH   SOLE   2,136 0 0
CVS CAREMARK CORP COMMON STOCK USD.01 COM 126650100 756 10,434 SH   SOLE   10,434 0 0
CYS Investments COM 12673A108 282 35,065 SH   SOLE   35,065 0 0
Dana Holding Corp COM 235825205 475 14,845 SH   SOLE   14,845 0 0
Deckers Outdoors Corp COM 243537107 46 573 SH   SOLE   573 0 0
DELTA AIR LINES INC COM 247361702 1,288 23,000 SH   SOLE   23,000 0 0
Deluxe Corp. COM 248019101 58 759 SH   SOLE   759 0 0
Deutsche Bank AG REG COM D18190898 9 487 SH   SOLE   487 0 0
DICKS SPORTING GOODS INC COM 253393102 13 459 SH   SOLE   459 0 0
DISCOVER FINANCIAL SERVICES COMMON STOCK U COM 254709108 38 494 SH   SOLE   494 0 0
Discovery Holding Co. Cl A COM 25470f104 107 4,790 SH   SOLE   4,790 0 0
Donnelley Financial Solutions, Inc. COM 25787G100 48 2,469 SH   SOLE   2,469 0 0
DowDuPont COM 26078J100 211 2,967 SH   SOLE   2,967 0 0
DR HORTON INC COMMON STOCK USD.01 COM 23331A109 654 12,815 SH   SOLE   12,815 0 0
DSW Inc. Class A COM 23334L102 35 1,641 SH   SOLE   1,641 0 0
DXC Technologies COM 23355l106 214 2,260 SH   SOLE   2,260 0 0
East West Bancorp Inc. COM 27579R104 8 139 SH   SOLE   139 0 0
Eastman Chemical Co COM 277432100 497 5,368 SH   SOLE   5,368 0 0
Eaton Corporation PLC Ordinary COM G29183103 668 8,456 SH   SOLE   8,456 0 0
Ebay Inc COM 278642103 8 207 SH   SOLE   207 0 0
Employers Holdings COM 292218104 15 328 SH   SOLE   328 0 0
Empresa Nac Electrica SA COM 29244T101 5 190 SH   SOLE   190 0 0
ENERGY TRANSFER EQUITY LP COM 29273v100 7 379 SH   SOLE   379 0 0
Enersis Americas-Spons ADR COM 29274F104 7 597 SH   SOLE   597 0 0
ENERSYS COM 29275Y102 18 253 SH   SOLE   253 0 0
Ennis Inc. COM 293389102 285 13,722 SH   SOLE   13,722 0 0
Entercom Communications Corp A COM 293639100 5 425 SH   SOLE   425 0 0
Entergy Corp COM 29364G103 433 5,321 SH   SOLE   5,321 0 0
Envision Healthcare Corp COM 29414D100 10 294 SH   SOLE   294 0 0
EQT Midstream Partners, LP COM 26885b100 18 252 SH   SOLE   252 0 0
ERICSSON LM TEL CL B ADR COM 294821608 4 661 SH   SOLE   661 0 0
ESTERLINE TECH CORP COM 297425100 319 4,275 SH   SOLE   4,275 0 0
EXELON CORP COMMON STOCK NPV COM 30161N101 1,660 42,111 SH   SOLE   42,111 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219g108 1,124 15,063 SH   SOLE   15,063 0 0
F5 Networks Inc COM 315616102 81 616 SH   SOLE   616 0 0
FBL Financial Group Cl. A COM 30239f106 35 503 SH   SOLE   503 0 0
FEDERATED INVESTORS INC CL B COMMON STOCK COM 314211103 45 1,234 SH   SOLE   1,234 0 0
Ferro Corp COM 315405100 19 811 SH   SOLE   811 0 0
FIFTH THIRD BANCORP COM 316773100 517 17,049 SH   SOLE   17,049 0 0
First American Financial COM 31847R102 47 847 SH   SOLE   847 0 0
FIRSTENERGY CORP COMMON STOCK USD.1 COM 337932107 121 3,943 SH   SOLE   3,943 0 0
Flextronics Intl. Ltd. COM y2573f102 7 385 SH   SOLE   385 0 0
FOOT LOCKER INC N.Y. COM COM 344849104 375 7,989 SH   SOLE   7,989 0 0
Ford Motor Co COM 345370860 784 62,739 SH   SOLE   62,739 0 0
Franklin Resources COM 354613101 515 11,884 SH   SOLE   11,884 0 0
FREEPORT MCMORAN COPPER COMMON STOCK USD.1 COM 35671D857 594 31,348 SH   SOLE   31,348 0 0
Fresh Del Monte Produce Inc COM G36738105 26 549 SH   SOLE   549 0 0
GAMESTOP CORP CLASS A COMMON STOCK USD.001 COM 36467W109 10 571 SH   SOLE   571 0 0
GANNETT CO., Inc (NEW) COM 36473H104 137 11,855 SH   SOLE   11,855 0 0
Gap Inc. Co. COM 364760108 581 17,049 SH   SOLE   17,049 0 0
Generac Holdings Inc. COM 368736104 433 8,753 SH   SOLE   8,753 0 0
General Motors COM 37045V100 7 174 SH   SOLE   174 0 0
Gentex Corp. COM 371901109 21 1,002 SH   SOLE   1,002 0 0
Gilead Sciences, Inc. COM 375558103 1,062 14,827 SH   SOLE   14,827 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 1,580 6,200 SH   SOLE   6,200 0 0
GOODYEAR TIRE RUBBER CO COMMON STOCK NPV COM 382550101 398 12,305 SH   SOLE   12,305 0 0
Granite Point Mortgage Trust Inc. COM 38741L107 55 3,081 SH   SOLE   3,081 0 0
Greenbrier Companies Inc. COM 393657101 5 97 SH   SOLE   97 0 0
Group 1 Automotive Inc COM 398905109 34 477 SH   SOLE   477 0 0
GULFPORT ENERGY CORP COM NEW COM 402635304 11 838 SH   SOLE   838 0 0
HANESBRANDS INC COM 410345102 426 20,361 SH   SOLE   20,361 0 0
Hannon Armstrong Sustainable Inf. COM 41068X100 14 598 SH   SOLE   598 0 0
HARLEY DAVIDSON INC COMMON STOCK USD.01 COM 412822108 356 7,003 SH   SOLE   7,003 0 0
HARTFORD FINL SVCS GRP COM 416515104 1,052 18,698 SH   SOLE   18,698 0 0
Hawaiian Holdings In. COM 419879101 37 930 SH   SOLE   930 0 0
HCA Holdings Inc COM 40412C101 789 8,979 SH   SOLE   8,979 0 0
HD Supply Holdings, Inc. COM 40416m105 430 10,739 SH   SOLE   10,739 0 0
Healthsouth Corp COM 421924309 37 748 SH   SOLE   748 0 0
Heartland Financial USA Inc. COM 42234Q102 14 256 SH   SOLE   256 0 0
Herbalife LTD COM G4412G101 6 83 SH   SOLE   83 0 0
Herman Miller Inc. Com COM 600544100 57 1,424 SH   SOLE   1,424 0 0
HEWLETT PACKARD ENTERPRISES COM 42824C109 4 264 SH   SOLE   264 0 0
Hilltop Holdings Inc. COM 432748101 31 1,226 SH   SOLE   1,226 0 0
HNI Corp COM 404251100 12 305 SH   SOLE   305 0 0
Hope Bancorp, Inc. COM 43940T109 302 16,549 SH   SOLE   16,549 0 0
Howard Hughes Corporation COM 44267D107 234 1,780 SH   SOLE   1,780 0 0
HSBC Hldgs PLC Spons-ADR COM 404280406 1 14 SH   SOLE   14 0 0
Huntington Bancshares In COM 446150104 8 525 SH   SOLE   525 0 0
Huntsman Corp COM 447011107 24 725 SH   SOLE   725 0 0
ING GP NV SPSD ADR COM 456837103 8 443 SH   SOLE   443 0 0
INGREDION INC COM COM 457187102 22 158 SH   SOLE   158 0 0
INNOSPEC INC COM 45768S105 37 529 SH   SOLE   529 0 0
Insight Enterprises Inc. COM 45765U103 300 7,835 SH   SOLE   7,835 0 0
Integer Holdings Corporation COM 45826H109 14 314 SH   SOLE   314 0 0
Integrated Device Technology, Inc. COM 458118106 42 1,405 SH   SOLE   1,405 0 0
Intel Corp COM 458140100 2,538 54,992 SH   SOLE   54,992 0 0
International Paper COM 460146103 472 8,142 SH   SOLE   8,142 0 0
INTERPUBLIC GROUP OF COS INC COMMON STOCK COM 460690100 219 10,868 SH   SOLE   10,868 0 0
INTL BUSINESS MACHINES CORP COMMON STOCK U COM 459200101 898 5,850 SH   SOLE   5,850 0 0
Invesco Ltd COM g491bt108 512 14,017 SH   SOLE   14,017 0 0
Invesco Mortgage Capital COM 46131b100 360 20,214 SH   SOLE   20,214 0 0
J2 Global Inc. COM 48123v102 360 4,797 SH   SOLE   4,797 0 0
JABIL CIRCUIT INC COM 466313103 696 26,523 SH   SOLE   26,523 0 0
Janus Henderson Group PLC COM G4474Y214 45 1,171 SH   SOLE   1,171 0 0
Jetblue Airways Corp. COM 477143101 449 20,112 SH   SOLE   20,112 0 0
JM Smucker Co. COM 832696405 511 4,114 SH   SOLE   4,114 0 0
Johnson Controls International PLC COM g51502105 922 24,201 SH   SOLE   24,201 0 0
Jones Lang Lasalle Inc. COM 48020Q107 598 4,013 SH   SOLE   4,013 0 0
JPMORGAN CHASE & CO COM 46625h100 3,697 34,571 SH   SOLE   34,571 0 0
JUNIPER NETWORKS INC COMMON STOCK USD1E 05 COM 48203R104 442 15,502 SH   SOLE   15,502 0 0
Kaiser Alum Corp COM 483007704 17 157 SH   SOLE   157 0 0
KB Financial Group Inc-ADR COM 48241a105 10 171 SH   SOLE   171 0 0
Keycorp COM 493267108 2,015 99,894 SH   SOLE   99,894 0 0
Keysight Technologies Inc. COM 49338L103 500 12,014 SH   SOLE   12,014 0 0
KLA-TENCOR Corp COM 482480100 315 3,000 SH   SOLE   3,000 0 0
Knight-Swift Transportation Holdings Inc. COM 499049104 45 1,032 SH   SOLE   1,032 0 0
KNOLL INC COM 498904200 12 519 SH   SOLE   519 0 0
Kohls Corp. COM 500255104 513 9,461 SH   SOLE   9,461 0 0
KORN/FERRY INTL PV $0.10 COM 500643200 59 1,418 SH   SOLE   1,418 0 0
KROGER CO COMMON STOCK USD1.0 COM 501044101 1,389 50,615 SH   SOLE   50,615 0 0
Laboratory Corp. Of America Holdings COM 50540r409 1,956 12,263 SH   SOLE   12,263 0 0
Ladder Capital Corp COM 505743104 11 829 SH   SOLE   829 0 0
Lam Research Corp. COM COM 512807108 11 60 SH   SOLE   60 0 0
Lear Corp. COM 521865204 565 3,200 SH   SOLE   3,200 0 0
Legacytexas Financial COM 52471y106 295 6,992 SH   SOLE   6,992 0 0
Leidos Holdings Inc COM 525327102 542 8,389 SH   SOLE   8,389 0 0
LENNAR CORP CL A COMMON STOCK USD.1 COM 526057104 36 577 SH   SOLE   577 0 0
Lennar Corp. B shares COM 526057302 9 165 SH   SOLE   165 0 0
LGI homes inc COM 50187t106 296 3,944 SH   SOLE   3,944 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 319 6,413 SH   SOLE   6,413 0 0
LINCOLN NATIONAL CORP COMMON STOCK NPV COM 534187109 486 6,320 SH   SOLE   6,320 0 0
Lithia Motors Inc. - Class A COM 536797103 45 394 SH   SOLE   394 0 0
Lloyds TSB Group SPD ADR COM 539439109 5 1,330 SH   SOLE   1,330 0 0
LOWES COMPANIES INC COM 548661107 718 7,726 SH   SOLE   7,726 0 0
LYONDELLBASELL INDU-CL A COM N53745100 1,305 11,828 SH   SOLE   11,828 0 0
M D C Hldgs Inc Com COM 552676108 301 9,453 SH   SOLE   9,453 0 0
Macy's Inc. COM 55616p104 4 152 SH   SOLE   152 0 0
Magna International CL A VTG COM 559222401 645 11,388 SH   SOLE   11,388 0 0
Mallinckrodt PLC COM G5785G107 2 84 SH   SOLE   84 0 0
Manpower Inc. COM 56418H100 336 2,667 SH   SOLE   2,667 0 0
Manulife Financial Corp. COM 56501R106 707 33,912 SH   SOLE   33,912 0 0
Marathon Petroleum Corp COM 56585a102 10 146 SH   SOLE   146 0 0
Matthews International Corp COM 577128101 276 5,230 SH   SOLE   5,230 0 0
Mckesson Corporation COM 58155Q103 1,066 6,834 SH   SOLE   6,834 0 0
MEDICAL PROPERTIES TRUST REIT COM 58463J304 584 42,391 SH   SOLE   42,391 0 0
MEDNAX INC COM 58502B106 17 310 SH   SOLE   310 0 0
MEREDITH CORP COM 589433101 14 208 SH   SOLE   208 0 0
Meritage Corp. COM 59001A102 59 1,156 SH   SOLE   1,156 0 0
Meritor Inc. COM 59001K100 423 18,045 SH   SOLE   18,045 0 0
METLIFE INC COMMON STOCK USD.01 COM 59156R108 1,554 30,745 SH   SOLE   30,745 0 0
MFA FINANCIAL INC REIT USD.01 COM 55272X102 193 24,320 SH   SOLE   24,320 0 0
MGIC Investment Corp/Wi COM 552848103 427 30,231 SH   SOLE   30,231 0 0
Michael Kors Holdings Ltd. COM G60754101 6 101 SH   SOLE   101 0 0
MICROSEMI CORPORATION COM 595137100 361 6,986 SH   SOLE   6,986 0 0
Milacron Holdings Corp COM 59870L106 294 15,351 SH   SOLE   15,351 0 0
Minerals Technologies Com COM 603158106 30 434 SH   SOLE   434 0 0
Mitsubishi UFJ Financial Group Inc. ADS COM 606822104 8 1,057 SH   SOLE   1,057 0 0
Mizuho Finl Group Inc. COM 60687Y109 6 1,662 SH   SOLE   1,662 0 0
Mobile TeleSystems OJSC ADR COM 607409109 6 583 SH   SOLE   583 0 0
Morgan Stanley COM 617446448 1,449 27,610 SH   SOLE   27,610 0 0
MSG Networks Inc. COM 553573106 27 1,330 SH   SOLE   1,330 0 0
National General Holdings Corp COM 636220303 29 1,482 SH   SOLE   1,482 0 0
Navient Corp COM 63938C108 41 3,071 SH   SOLE   3,071 0 0
NCR Corp COM 62886E108 16 459 SH   SOLE   459 0 0
Neenah Paper Inc. COM 640079109 15 165 SH   SOLE   165 0 0
NELNET INC CL A COM 64031N108 41 753 SH   SOLE   753 0 0
NETAPP INC COM 64110D104 37 665 SH   SOLE   665 0 0
NETGEAR INC. COM 64111Q104 38 653 SH   SOLE   653 0 0
New Residential Investment COM 64828T201 447 24,976 SH   SOLE   24,976 0 0
New York Community Bancorp COM 649445103 215 16,476 SH   SOLE   16,476 0 0
New York Mortgage Trust . Inc COM 649604501 91 14,796 SH   SOLE   14,796 0 0
NEWMONT MINING CORP COM 651639106 479 12,773 SH   SOLE   12,773 0 0
NOBLE ENERGY INC COMMON STOCK USD3.333 COM 655044105 158 5,438 SH   SOLE   5,438 0 0
Nomura Hldg Inc Spons- ADR COM 65535H208 8 1,294 SH   SOLE   1,294 0 0
Nordstrom Inc. COM 655664100 385 8,122 SH   SOLE   8,122 0 0
Norwegian Cruise Line Holdings Ltd. COM G66721104 464 8,715 SH   SOLE   8,715 0 0
Nuance Communications, Inc. COM 67020Y100 412 25,171 SH   SOLE   25,171 0 0
NXP Semiconductors NV COM N6596X109 787 6,720 SH   SOLE   6,720 0 0
Oaktree Capital Group, LLC Class A COM 674001201 41 972 SH   SOLE   972 0 0
OCCIDENTAL PETE CORP COM 674599105 720 9,772 SH   SOLE   9,772 0 0
Office Depot, Inc. COM 676220106 27 7,708 SH   SOLE   7,708 0 0
OLD NATIONAL BANCORP COM 680033107 34 1,947 SH   SOLE   1,947 0 0
Old Republic Intl Corp COM 680223104 226 10,593 SH   SOLE   10,593 0 0
Omega Healthcare Investors COM 681936100 15 538 SH   SOLE   538 0 0
Omnicom Group COM 681919106 471 6,471 SH   SOLE   6,471 0 0
On Assignment, Inc. COM 682159108 45 698 SH   SOLE   698 0 0
On Semiconductor Cort COM 682189105 344 16,419 SH   SOLE   16,419 0 0
Onemain Holdings Inc. COM 68268w103 49 1,893 SH   SOLE   1,893 0 0
Oracle Corp COM 68389X105 2,203 46,596 SH   SOLE   46,596 0 0
ORANGE-SPON ADR COM 684060106 5 300 SH   SOLE   300 0 0
Orbital ATK Inc. COM 68557N103 446 3,390 SH   SOLE   3,390 0 0
ORIX SPONSORED ADR COM 686330101 7 77 SH   SOLE   77 0 0
OWENS &MINOR INC HLDG CO COM 690732102 18 948 SH   SOLE   948 0 0
OWENS ILLINOIS INC COMMON STOCK USD.01 COM 690768403 342 15,422 SH   SOLE   15,422 0 0
P G E CORP COMMON STOCK NPV COM 69331C108 371 8,272 SH   SOLE   8,272 0 0
PACCAR INC COMMON STOCK USD1.0 COM 693718108 479 6,740 SH   SOLE   6,740 0 0
Party City Holdco Inc. COM 702149105 43 3,061 SH   SOLE   3,061 0 0
PEARSON SPONSORED ADR COM 705015105 4 428 SH   SOLE   428 0 0
Pennymac Mortgage Investment COM 70931t103 11 700 SH   SOLE   700 0 0
Penske Auto Group COM 70959w103 48 1,010 SH   SOLE   1,010 0 0
PFIZER INCORPORATED COM 717081103 522 14,424 SH   SOLE   14,424 0 0
Phillips 66 COM 718546104 793 7,836 SH   SOLE   7,836 0 0
Pilgrims Pride Corp COM 72147K108 635 20,444 SH   SOLE   20,444 0 0
PITNEY BOWES INC COM 724479100 659 58,915 SH   SOLE   58,915 0 0
Plexus Corp COM 729132100 14 232 SH   SOLE   232 0 0
Ply Gem Holdings, Inc. COM 72941W100 12 665 SH   SOLE   665 0 0
PNC FINL SERVICES GP INC COM 693475105 1,960 13,586 SH   SOLE   13,586 0 0
Polaris Inds Inc Com COM 731068102 8 62 SH   SOLE   62 0 0
Polyone Corp Com COM 73179P106 42 964 SH   SOLE   964 0 0
PPL CORPORATION COMMON STOCK USD.01 COM 69351T106 282 9,114 SH   SOLE   9,114 0 0
PRINCIPAL FINANCIAL GROUP COMMON STOCK USD COM 74251V102 467 6,621 SH   SOLE   6,621 0 0
PRUDENTIAL FINANCIAL INC COMMON STOCK USD. COM 744320102 1,976 17,183 SH   SOLE   17,183 0 0
Prudential PLC ADR COM 74435K204 7 141 SH   SOLE   141 0 0
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK COM 744573106 1,124 21,816 SH   SOLE   21,816 0 0
Pulte Homes, Inc COM 745867101 614 18,466 SH   SOLE   18,466 0 0
QORVO INC. COM 74736k101 387 5,811 SH   SOLE   5,811 0 0
Quad/Graphics, Inc. Class A COM 747301109 12 513 SH   SOLE   513 0 0
QUALCOMM INC COMMON STOCK USD.0001 COM 747525103 1,621 25,321 SH   SOLE   25,321 0 0
QUANTA SERVICES INC COMMON STOCK USD1E 05. COM 74762E102 777 19,866 SH   SOLE   19,866 0 0
Quest Diagnostics Inc. COM 74834L100 916 9,298 SH   SOLE   9,298 0 0
Radian Group Inc. COM 750236101 157 7,637 SH   SOLE   7,637 0 0
Redwood Trust Inc COM 758075402 188 12,695 SH   SOLE   12,695 0 0
Regal Beloit Corp. COM 758750103 33 431 SH   SOLE   431 0 0
Regions Financial Corp. New COM 7591ep100 32 1,859 SH   SOLE   1,859 0 0
Reinsurance Group Of America Inc COM 759351604 513 3,288 SH   SOLE   3,288 0 0
RELIANCE STEEL ALUMINUM COMMON STOCK NPV COM 759509102 400 4,664 SH   SOLE   4,664 0 0
RIO Tinto PLC, Spon ADR COM 767204100 2,680 50,633 SH   SOLE   50,633 0 0
ROBERT HALF INTL INC COMMON STOCK USD.001 COM 770323103 7 128 SH   SOLE   128 0 0
Royal Bank of Canada COM 780087102 1,122 13,744 SH   SOLE   13,744 0 0
ROYAL DUTCH SHELL PLC ADR ADR COM 780259206 0 5 SH   SOLE   5 0 0
RYDER SYSTEM INC COM 783549108 51 607 SH   SOLE   607 0 0
S & T Bancorp Inc. COM 783859101 15 368 SH   SOLE   368 0 0
Safety Insurance Group Inc. COM 78648T100 14 178 SH   SOLE   178 0 0
SANDERSON FARMS INC COMMON STOCK USD1.0 COM 800013104 415 2,987 SH   SOLE   2,987 0 0
Sanmina Corp COM 801056102 296 8,971 SH   SOLE   8,971 0 0
Sanofi-ADR COM 80105N105 6 132 SH   SOLE   132 0 0
Sasol LTD Sponsored ADR COM 803866300 6 188 SH   SOLE   188 0 0
Schweitzer-Mauduit Com COM 808541106 307 6,766 SH   SOLE   6,766 0 0
SCRIPPS NETWORKS INTER CL A COMMON STOCK U COM 811065101 481 5,635 SH   SOLE   5,635 0 0
Seagate Technology COM G7945M107 372 8,892 SH   SOLE   8,892 0 0
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 43 2,462 SH   SOLE   2,462 0 0
Selective Ins Group Com COM 816300107 42 717 SH   SOLE   717 0 0
Sensata Technologies Holding COM N7902X106 7 141 SH   SOLE   141 0 0
SHINHAN FINANCIAL GP SPN ADR RESTRD COM 824596100 7 154 SH   SOLE   154 0 0
Signet Jewelers LTD COM G81276100 3 60 SH   SOLE   60 0 0
Simmons First Nat'l Corp. - Class A COM 828730200 35 608 SH   SOLE   608 0 0
Sinclair Broadcast Group - A COM 829226109 31 829 SH   SOLE   829 0 0
Skywest, Inc. COM 830879102 74 1,400 SH   SOLE   1,400 0 0
Skyworks Solutions, Inc. COM 83088M102 1,292 13,608 SH   SOLE   13,608 0 0
SNAP ON INC COM COM 833034101 363 2,080 SH   SOLE   2,080 0 0
SOUTHWEST AIRLINES CO COMMON STOCK USD1.0 COM 844741108 568 8,674 SH   SOLE   8,674 0 0
Southwestern Energy Co COM 845467109 83 14,795 SH   SOLE   14,795 0 0
Spartannash Co. COM 847215100 340 12,734 SH   SOLE   12,734 0 0
Spectra Energy Partners LP COM 84756n109 21 530 SH   SOLE   530 0 0
SPIRIT AEROSYSTEMS HOLD CL A COMMON STOCK COM 848574109 1,125 12,889 SH   SOLE   12,889 0 0
Sprit Airlines Inc COM 848577102 37 830 SH   SOLE   830 0 0
Starwood Property Trust Inc COM 85571b105 223 10,463 SH   SOLE   10,463 0 0
State Street Corp COM 857477103 1,182 12,108 SH   SOLE   12,108 0 0
Steel Dynamics Inc Com COM 858119100 23 543 SH   SOLE   543 0 0
Steelcase Inc-Cl A COM 858155203 30 1,952 SH   SOLE   1,952 0 0
SUMITOMO MITSUI-SPONS ADR COM 86562M209 7 833 SH   SOLE   833 0 0
Sun Life Financial Inc. COM 866796105 6 146 SH   SOLE   146 0 0
SUNTRUST BANKS INC COM 867914103 2,697 41,755 SH   SOLE   41,755 0 0
Sykes Enterprises Inc Com COM 871237103 14 433 SH   SOLE   433 0 0
SYNAPTICS INC COM 87157D109 35 868 SH   SOLE   868 0 0
Synchronoss Technologies Inc. COM 87157B103 82 9,207 SH   SOLE   9,207 0 0
Synchrony Financial COM 87165b103 73 1,887 SH   SOLE   1,887 0 0
Synnex Corp. COM 87162w100 530 3,898 SH   SOLE   3,898 0 0
T ROWE PRICE GROUP INC COMMON STOCK USD.2 COM 74144T108 637 6,070 SH   SOLE   6,070 0 0
TARGET CORP COMMON STOCK USD.0833 COM 87612E106 1,218 18,668 SH   SOLE   18,668 0 0
Taro Pharmaceuticals COM M8737E108 4 36 SH   SOLE   36 0 0
TATA MTRS LTD SPONSORED ADR COM 876568502 5 142 SH   SOLE   142 0 0
TCF FINL CORP COM 872275102 219 10,665 SH   SOLE   10,665 0 0
Tech Data Corp. COM 878237106 351 3,582 SH   SOLE   3,582 0 0
TEGNA INC. COM 87901J105 299 21,259 SH   SOLE   21,259 0 0
Tenneco Inc. COM 880349105 46 781 SH   SOLE   781 0 0
Teva Pharmaceutical Industries Ltd. COM 881624209 3 161 SH   SOLE   161 0 0
The Dun & Bradstreet Corp COM 26483E100 50 425 SH   SOLE   425 0 0
Time Inc. COM 887228104 33 1,776 SH   SOLE   1,776 0 0
TIVO CORP COM 88870P106 265 17,001 SH   SOLE   17,001 0 0
Toll Brothers Inc Com COM 889478103 43 902 SH   SOLE   902 0 0
TORCHMARK CORP COMMON STOCK USD1.0 COM 891027104 8 83 SH   SOLE   83 0 0
Toronto-Dominion Bank COM 891160509 1,384 23,622 SH   SOLE   23,622 0 0
Total SA ADR COM 89151E109 804 14,544 SH   SOLE   14,544 0 0
Toyota Motor Corp. ADR COM 892331307 63 496 SH   SOLE   496 0 0
TRAVELERS COS INC/THE COMMON STOCK NPV COM 89417E109 1,119 8,251 SH   SOLE   8,251 0 0
Tri Pointe Group Inc. COM 87265h109 249 13,913 SH   SOLE   13,913 0 0
Trinseo SA COM L9340P101 338 4,662 SH   SOLE   4,662 0 0
Triumph Group Inc New Com COM 896818101 301 11,079 SH   SOLE   11,079 0 0
TTM Technologies COM 87305r109 303 19,346 SH   SOLE   19,346 0 0
TUPPERWARE CORPORATION COM 899896104 181 2,884 SH   SOLE   2,884 0 0
Turkcell iletism adr COM 900111204 6 570 SH   SOLE   570 0 0
TUTOR PERINI CORP COM 901109108 229 9,030 SH   SOLE   9,030 0 0
Twenty-First Century Fox, Inc. Class A COM 90130a101 57 1,657 SH   SOLE   1,657 0 0
Twenty-First Century Fox, Inc. Class B COM 90130A200 502 14,723 SH   SOLE   14,723 0 0
Two Harbors Investment Corp COM 90187B101 265 16,274 SH   SOLE   16,274 0 0
Tyson Foods Inc CL A COM 902494103 1,253 15,459 SH   SOLE   15,459 0 0
U S BANCORP DEL NEW COM 902973304 996 18,591 SH   SOLE   18,591 0 0
UBS AG COM H42097107 6 342 SH   SOLE   342 0 0
Umpqua Holdings Corp. COM 904214103 40 1,919 SH   SOLE   1,919 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 41 609 SH   SOLE   609 0 0
United Nat Foods Inc. COM 911163103 59 1,196 SH   SOLE   1,196 0 0
UNITED RENTALS INC COM COM 911363109 605 3,520 SH   SOLE   3,520 0 0
UNITED TECHNOLOGIES CORP COM 913017109 491 3,845 SH   SOLE   3,845 0 0
United Therapueutics Corp. COM 91307C102 513 3,466 SH   SOLE   3,466 0 0
Universal Health Svcs -Clb COM 913903100 357 3,153 SH   SOLE   3,153 0 0
UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 490 8,928 SH   SOLE   8,928 0 0
USANA Health Sciences, Inc. COM 90328M107 30 411 SH   SOLE   411 0 0
VALERO ENERGY CORP NEW COM 91913y100 1,660 18,062 SH   SOLE   18,062 0 0
Valero Energy Partners LP COM 91914J102 42 953 SH   SOLE   953 0 0
VERIFONE HLDGS INC COM COM 92342Y109 311 17,571 SH   SOLE   17,571 0 0
VERIZON COMMUNICATIONS COM 92343v104 1,755 33,158 SH   SOLE   33,158 0 0
Viacom Inc - Class B COM 92553P201 295 9,581 SH   SOLE   9,581 0 0
VOYA FINANCIAL INC COM 929089100 32 650 SH   SOLE   650 0 0
Wabash National Corp. COM 929566107 75 3,464 SH   SOLE   3,464 0 0
WADDELL & REED FINL CL A COM 930059100 361 16,180 SH   SOLE   16,180 0 0
Walgreens Boots Alliance Inc COM 931427108 459 6,324 SH   SOLE   6,324 0 0
Walker & Dunlop Inc. COM 93148p102 322 6,777 SH   SOLE   6,777 0 0
WELLS FARGO & CO NEW COM 949746101 3,207 52,866 SH   SOLE   52,866 0 0
WesBanco Inc. COM 950810101 35 873 SH   SOLE   873 0 0
Wesco Aircraft Holdings Inc. COM 950814103 8 1,039 SH   SOLE   1,039 0 0
Wesco Intl Inc Com COM 95082P105 15 217 SH   SOLE   217 0 0
WESTERN DIGITAL CORP COMMON STOCK USD.01 COM 958102105 2,276 28,619 SH   SOLE   28,619 0 0
WESTERN UN CO COM 959802109 424 22,304 SH   SOLE   22,304 0 0
Westlake Chemical Corp COM 960413102 12 113 SH   SOLE   113 0 0
Westpac Banking Corp- ADR COM 961214301 6 230 SH   SOLE   230 0 0
Wheaton Precious Metals Corp COM 962879102 190 8,596 SH   SOLE   8,596 0 0
WHIRLPOOL CORP COMMON STOCK USD1.0 COM 963320106 433 2,566 SH   SOLE   2,566 0 0
Williams-Sonoma Inc. COM 969904101 13 252 SH   SOLE   252 0 0
Worthington Industries Inc COM 981811102 338 7,677 SH   SOLE   7,677 0 0
Wyndham Worldwide Corp. COM 98310w108 566 4,887 SH   SOLE   4,887 0 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102 44 363 SH   SOLE   363 0 0