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 1,994 21,065 SH   SOLE   21,065 0 0
Acco Brands Corp COM 00081T108 12 923 SH   SOLE   923 0 0
Adient PLC COM G0084W101 30 494 SH   SOLE   494 0 0
ADTALEM GLOBAL EDUCATION COM 00737L103 410 8,626 SH   SOLE   8,626 0 0
AECOM TECH CORP DEL COM COM 00766T100 454 12,745 SH   SOLE   12,745 0 0
AES CORP COMMON STOCK USD.01 COM 00130H105 443 38,988 SH   SOLE   38,988 0 0
AETNA INC NEW COM 00817y108 1,237 7,320 SH   SOLE   7,320 0 0
Affiliated Managers Group COM 008252108 506 2,671 SH   SOLE   2,671 0 0
AFLAC INC COMMON STOCK USD.1 COM 001055102 2,225 50,846 SH   SOLE   50,846 0 0
Air Lease Corporation COM 00912x302 366 8,579 SH   SOLE   8,579 0 0
AIRCASTLE LTD COM G0129k104 273 13,742 SH   SOLE   13,742 0 0
Ak Steel Holding Corp COM 001547108 8 1,852 SH   SOLE   1,852 0 0
Alaska Air Group Inc. COM 011659109 301 4,851 SH   SOLE   4,851 0 0
Allegiant Travel Co COM 01748X102 51 296 SH   SOLE   296 0 0
Alliance Data Systems Corp. COM 018581108 365 1,716 SH   SOLE   1,716 0 0
Alliance Holdings COM 01861g100 29 1,160 SH   SOLE   1,160 0 0
Allianceberstein Hldg COM 01881g106 350 13,038 SH   SOLE   13,038 0 0
ALLSTATE CORPORATION COM 020002101 1,001 10,559 SH   SOLE   10,559 0 0
ALLY Financial Inc COM 02005n100 588 21,650 SH   SOLE   21,650 0 0
AMC Networks Inc. Class A COM 00164v103 278 5,384 SH   SOLE   5,384 0 0
Amerco COM 023586100 165 478 SH   SOLE   478 0 0
AMERICAN AIRLINES GROUP INC COM 02376R102 49 944 SH   SOLE   944 0 0
American Axle & Mfg Hldgs COM 024061103 216 14,210 SH   SOLE   14,210 0 0
American Eagle Outfitters COM 02553e106 68 3,415 SH   SOLE   3,415 0 0
American Equity Investment Lif COM 025676206 42 1,419 SH   SOLE   1,419 0 0
AMERICAN EXPRESS COMPANY COM 025816109 1,322 14,170 SH   SOLE   14,170 0 0
American Financial Group Inc. COM 025932104 8 70 SH   SOLE   70 0 0
AMERIPRISE FINANCIAL INC COMMO COM 03076C106 494 3,338 SH   SOLE   3,338 0 0
Amerisafe Inc. COM 03071h100 11 194 SH   SOLE   194 0 0
AMGEN INC COMMON STOCK USD.000 COM 031162100 39 230 SH   SOLE   230 0 0
Amkor Technology Inc. COM 031652100 42 4,122 SH   SOLE   4,122 0 0
ANADARKO PETROLEUM CORP COM 032511107 601 9,949 SH   SOLE   9,949 0 0
Andeavor COM 03349m105 544 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 393 37,679 SH   SOLE   37,679 0 0
ANTHEM INC. COM 036752103 1,307 5,949 SH   SOLE   5,949 0 0
APACHE CORP COM 037411105 1,029 26,748 SH   SOLE   26,748 0 0
Apollo Commercial Real Estate COM 03762U105 303 16,846 SH   SOLE   16,846 0 0
Apollo Global Management, LLC COM 037612306 330 11,141 SH   SOLE   11,141 0 0
Apple Computer COM 037833100 1,861 11,089 SH   SOLE   11,089 0 0
Applied optoelectronics Inc COM 03823u102 161 6,407 SH   SOLE   6,407 0 0
ARCHER DANIELS MIDLAND CO COMM COM 039483102 492 11,333 SH   SOLE   11,333 0 0
Ares Capital Corp COM 04010l103 249 15,670 SH   SOLE   15,670 0 0
Ares Management LP Unit COM 04014Y101 108 5,051 SH   SOLE   5,051 0 0
Armour Residential Inc. COM 042315507 115 4,954 SH   SOLE   4,954 0 0
Arris International PLC. COM G0551A103 425 16,002 SH   SOLE   16,002 0 0
ARROW ELECTRONICS INC COMMON S COM 042735100 466 6,053 SH   SOLE   6,053 0 0
Artisan Partners Asset Managem COM 04316A108 348 10,439 SH   SOLE   10,439 0 0
ASSURANT INC COMMON STOCK USD. COM 04621X108 5 58 SH   SOLE   58 0 0
ASTRAZENECA PLC ADR F SPONSORE COM 046353108 6 180 SH   SOLE   180 0 0
AT& T INC COM 00206r102 881 24,718 SH   SOLE   24,718 0 0
Atlas Air Worldwide COM 049164205 14 224 SH   SOLE   224 0 0
Avis Budget Group Inc COM 053774105 77 1,644 SH   SOLE   1,644 0 0
Avnet Inc Com COM 053807103 406 9,713 SH   SOLE   9,713 0 0
BANK OF AMERICA CORP COM 060505104 2,901 96,746 SH   SOLE   96,746 0 0
Bank of Montreal COM 063671101 1,010 13,369 SH   SOLE   13,369 0 0
Bank Of New York Mellon Corp. COM 064058100 2,216 43,013 SH   SOLE   43,013 0 0
Bank of Nova Scotia COM 064149107 1,058 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 509 9,774 SH   SOLE   9,774 0 0
Bed Bath & Beyond Inc. COM 075896100 222 10,587 SH   SOLE   10,587 0 0
BELDEN INC COM 077454106 326 4,730 SH   SOLE   4,730 0 0
Berkshire Hills Bancorp Inc. COM 084680107 14 359 SH   SOLE   359 0 0
BEST BUY CO INC COM 086516101 1,073 15,324 SH   SOLE   15,324 0 0
BGC PARTNERS INC CL A COM 05541T101 385 28,643 SH   SOLE   28,643 0 0
BHP BILLITON LTD ADR F SPONSOR COM 088606108 314 7,062 SH   SOLE   7,062 0 0
BHP BILLITON PLC SP ADR COM 05545E209 8 203 SH   SOLE   203 0 0
BIG LOTS INC COMMON STOCK USD. COM 089302103 29 672 SH   SOLE   672 0 0
BIOGEN IDEC INC COM 09062x103 1,015 3,705 SH   SOLE   3,705 0 0
Blackstone Group LP COM 09253u108 431 13,475 SH   SOLE   13,475 0 0
Blackstone Mortgage Tru-Cl A COM 09257W100 320 10,174 SH   SOLE   10,174 0 0
Block H & R Inc COM 093671105 51 1,992 SH   SOLE   1,992 0 0
Bloomin' Brands Inc. COM 094235108 54 2,244 SH   SOLE   2,244 0 0
Boardwalk Pipeline Partners, L COM 096627104 119 11,684 SH   SOLE   11,684 0 0
BOEING CO COMMON STOCK USD5.0 COM 097023105 579 1,766 SH   SOLE   1,766 0 0
BofI Holding, Inc COM 05566u108 508 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 A COM 055622104 148 3,649 SH   SOLE   3,649 0 0
Brighthouse Financial COM 10922n103 167 3,257 SH   SOLE   3,257 0 0
BRINKER INTL INC COM 109641100 266 7,363 SH   SOLE   7,363 0 0
British American Tobacco - Spo COM 110448107 373 6,468 SH   SOLE   6,468 0 0
Brunswick Corp COM 117043109 380 6,400 SH   SOLE   6,400 0 0
Buckeye Partners LP COM 118230101 11 295 SH   SOLE   295 0 0
Builders Firstsource Inc COM 12008r107 59 2,973 SH   SOLE   2,973 0 0
BUNGE LIMITED COM G16962105 6 80 SH   SOLE   80 0 0
CA INC COMMON STOCK USD.1 COM 12673P105 868 25,592 SH   SOLE   25,592 0 0
Cabot Corp. COM 127055101 337 6,052 SH   SOLE   6,052 0 0
Caleres, Inc. COM 129500104 299 8,894 SH   SOLE   8,894 0 0
Campbell Soup Co. COM 134429109 420 9,709 SH   SOLE   9,709 0 0
CANADIAN IMPRL BK COMM COM COM 136069101 1,292 14,635 SH   SOLE   14,635 0 0
CAPITAL ONE FINANCIAL CORP COM COM 14040H105 1,147 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 37 590 SH   SOLE   590 0 0
CARNIVAL CORP NEW F PAIRED STK COM 143658300 434 6,614 SH   SOLE   6,614 0 0
CATHAY GENERAL BANCORP COM 149150104 36 892 SH   SOLE   892 0 0
CBRE Group Inc COM 12504L109 607 12,848 SH   SOLE   12,848 0 0
CBS Corp New Cl B COM 124857202 33 649 SH   SOLE   649 0 0
CDW Corp/DE COM 12514G108 9 124 SH   SOLE   124 0 0
Celanese Corp. - Series A COM 150870103 470 4,693 SH   SOLE   4,693 0 0
Cenovus Energy Inc COM 15135u109 156 18,300 SH   SOLE   18,300 0 0
CENTURYLINK INC COMMON STOCK U COM 156700106 125 7,600 SH   SOLE   7,600 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2 752 SH   SOLE   752 0 0
CHEVRON CORP COM 166764100 242 2,118 SH   SOLE   2,118 0 0
Chicago Bridge & Iron COM 167250109 68 4,750 SH   SOLE   4,750 0 0
China Mobile LTD Spn ADR COM 16941m109 4 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 7 39 SH   SOLE   39 0 0
Cirrus Logic Inc. COM 172755100 265 6,524 SH   SOLE   6,524 0 0
Cisco Systems Inc. COM 17275R102 2,707 63,115 SH   SOLE   63,115 0 0
CITIGROUP INC COM 172967424 2,321 34,378 SH   SOLE   34,378 0 0
Citizens Financial Group COM 174610105 1,074 25,586 SH   SOLE   25,586 0 0
CITRIX SYSTEMS INC COMMON STOC COM 177376100 21 230 SH   SOLE   230 0 0
CNA Financial Corp COM 126117100 460 9,313 SH   SOLE   9,313 0 0
CNX Midstream Partners LP COM 206812109 10 566 SH   SOLE   566 0 0
COGNIZANT TECH SOLUTIONS A COM COM 192446102 377 4,680 SH   SOLE   4,680 0 0
Colony NorthStar, Inc. COM 19625W104 97 17,189 SH   SOLE   17,189 0 0
CommScope Holdings Co., Inc. COM 20337X109 20 489 SH   SOLE   489 0 0
Conduent Inc. Common COM 206787103 2 101 SH   SOLE   101 0 0
CONOCOPHILLIPS COM 20825c104 638 10,758 SH   SOLE   10,758 0 0
Convergys Corp. COM 212485106 332 14,680 SH   SOLE   14,680 0 0
Cooper Tire And Rubber COM 216831107 214 7,315 SH   SOLE   7,315 0 0
CoreLogic Inc. COM 21871D103 36 791 SH   SOLE   791 0 0
CREDIT ACCEPTANCE CORP COM 225310101 543 1,643 SH   SOLE   1,643 0 0
Crown Holdings Inc. COM 228368106 394 7,764 SH   SOLE   7,764 0 0
CSG Systems Intl COM 126349109 352 7,763 SH   SOLE   7,763 0 0
CSRA Inc. COM 12650T104 597 14,477 SH   SOLE   14,477 0 0
CSX Corp COM 126408103 10 185 SH   SOLE   185 0 0
CUMMINS INC COMMON STOCK USD2. COM 231021106 346 2,136 SH   SOLE   2,136 0 0
CVS CAREMARK CORP COMMON STOCK COM 126650100 580 9,331 SH   SOLE   9,331 0 0
CYS Investments COM 12673A108 236 35,065 SH   SOLE   35,065 0 0
Dana Holding Corp COM 235825205 382 14,845 SH   SOLE   14,845 0 0
Deckers Outdoors Corp COM 243537107 52 573 SH   SOLE   573 0 0
DELTA AIR LINES INC COM 247361702 1,179 21,513 SH   SOLE   21,513 0 0
Deluxe Corp. COM 248019101 56 759 SH   SOLE   759 0 0
Deutsche Bank AG REG COM D18190898 7 487 SH   SOLE   487 0 0
DEVON ENERGY CP NEW COM 25179m103 525 16,527 SH   SOLE   16,527 0 0
DICKS SPORTING GOODS INC COM 253393102 16 459 SH   SOLE   459 0 0
DISCOVER FINANCIAL SERVICES CO COM 254709108 36 494 SH   SOLE   494 0 0
Discovery Communications-C COM 25470f302 206 10,531 SH   SOLE   10,531 0 0
Discovery Holding Co. Cl A COM 25470f104 103 4,790 SH   SOLE   4,790 0 0
Donnelley Financial Solutions, COM 25787G100 42 2,469 SH   SOLE   2,469 0 0
DowDuPont COM 26078J100 189 2,967 SH   SOLE   2,967 0 0
DR HORTON INC COMMON STOCK USD COM 23331A109 562 12,815 SH   SOLE   12,815 0 0
DSW Inc. Class A COM 23334L102 37 1,641 SH   SOLE   1,641 0 0
DXC Technologies COM 23355l106 227 2,260 SH   SOLE   2,260 0 0
East West Bancorp Inc. COM 27579R104 9 139 SH   SOLE   139 0 0
Eastman Chemical Co COM 277432100 567 5,368 SH   SOLE   5,368 0 0
Eaton Corporation PLC Ordinary COM G29183103 564 7,056 SH   SOLE   7,056 0 0
Ebay Inc COM 278642103 8 207 SH   SOLE   207 0 0
Employers Holdings COM 292218104 13 328 SH   SOLE   328 0 0
Empresa Nac Electrica SA COM 29244T101 5 190 SH   SOLE   190 0 0
Encana Corp COM 292505104 201 18,300 SH   SOLE   18,300 0 0
Encompass Health Corporation COM 421924309 43 748 SH   SOLE   748 0 0
ENERGY TRANSFER EQUITY LP COM 29273v100 5 379 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 270 13,722 SH   SOLE   13,722 0 0
Entercom Communications Corp A COM 293639100 4 425 SH   SOLE   425 0 0
Entergy Corp COM 29364G103 419 5,321 SH   SOLE   5,321 0 0
Envision Healthcare Corp COM 29414D100 11 294 SH   SOLE   294 0 0
EQT Midstream Partners, LP COM 26885b100 15 252 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 313 4,275 SH   SOLE   4,275 0 0
EXELON CORP COMMON STOCK NPV COM 30161N101 1,544 39,575 SH   SOLE   39,575 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219g108 1,041 15,063 SH   SOLE   15,063 0 0
F5 Networks Inc COM 315616102 89 616 SH   SOLE   616 0 0
FBL Financial Group Cl. A COM 30239f106 35 503 SH   SOLE   503 0 0
FEDERATED INVESTORS INC CL B C COM 314211103 41 1,234 SH   SOLE   1,234 0 0
Ferro Corp COM 315405100 19 811 SH   SOLE   811 0 0
FIFTH THIRD BANCORP COM 316773100 541 17,049 SH   SOLE   17,049 0 0
First American Financial COM 31847R102 50 847 SH   SOLE   847 0 0
FIRSTENERGY CORP COMMON STOCK COM 337932107 134 3,943 SH   SOLE   3,943 0 0
Flextronics Intl. Ltd. COM y2573f102 6 385 SH   SOLE   385 0 0
FOOT LOCKER INC N.Y. COM COM 344849104 364 7,989 SH   SOLE   7,989 0 0
Ford Motor Co COM 345370860 695 62,739 SH   SOLE   62,739 0 0
Franklin Resources COM 354613101 412 11,884 SH   SOLE   11,884 0 0
FREEPORT MCMORAN COPPER COMMON COM 35671D857 551 31,348 SH   SOLE   31,348 0 0
Fresh Del Monte Produce Inc COM G36738105 25 549 SH   SOLE   549 0 0
GAMESTOP CORP CLASS A COMMON S COM 36467W109 7 571 SH   SOLE   571 0 0
GANNETT CO., Inc (NEW) COM 36473H104 118 11,855 SH   SOLE   11,855 0 0
Gap Inc. Co. COM 364760108 532 17,049 SH   SOLE   17,049 0 0
Generac Holdings Inc. COM 368736104 402 8,753 SH   SOLE   8,753 0 0
General Motors COM 37045V100 6 174 SH   SOLE   174 0 0
Gentex Corp. COM 371901109 23 1,002 SH   SOLE   1,002 0 0
Gilead Sciences, Inc. COM 375558103 1,046 13,871 SH   SOLE   13,871 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 1,385 5,501 SH   SOLE   5,501 0 0
GOODYEAR TIRE RUBBER CO COMM COM 382550101 327 12,305 SH   SOLE   12,305 0 0
Granite Point Mortgage Trust I COM 38741L107 51 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 31 477 SH   SOLE   477 0 0
GULFPORT ENERGY CORP COM NEW COM 402635304 8 838 SH   SOLE   838 0 0
HANESBRANDS INC COM 410345102 375 20,361 SH   SOLE   20,361 0 0
Hannon Armstrong Sustainable I COM 41068X100 12 598 SH   SOLE   598 0 0
HARLEY DAVIDSON INC COMMON STO COM 412822108 300 7,003 SH   SOLE   7,003 0 0
HARTFORD FINL SVCS GRP COM 416515104 906 17,583 SH   SOLE   17,583 0 0
Hawaiian Holdings In. COM 419879101 36 930 SH   SOLE   930 0 0
HCA Holdings Inc COM 40412C101 714 7,364 SH   SOLE   7,364 0 0
HD Supply Holdings, Inc. COM 40416m105 407 10,739 SH   SOLE   10,739 0 0
Heartland Financial USA Inc. COM 42234Q102 14 256 SH   SOLE   256 0 0
Herbalife LTD COM G4412G101 8 83 SH   SOLE   83 0 0
Herman Miller Inc. Com COM 600544100 45 1,424 SH   SOLE   1,424 0 0
HEWLETT PACKARD ENTERPRISES COM 42824C109 5 264 SH   SOLE   264 0 0
Hilltop Holdings Inc. COM 432748101 29 1,226 SH   SOLE   1,226 0 0
HNI Corp COM 404251100 11 305 SH   SOLE   305 0 0
Hope Bancorp, Inc. COM 43940T109 301 16,549 SH   SOLE   16,549 0 0
Howard Hughes Corporation COM 44267D107 248 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 21 725 SH   SOLE   725 0 0
ING GP NV SPSD ADR COM 456837103 7 443 SH   SOLE   443 0 0
INGREDION INC COM COM 457187102 20 158 SH   SOLE   158 0 0
INNOSPEC INC COM 45768S105 36 529 SH   SOLE   529 0 0
Insight Enterprises Inc. COM 45765U103 274 7,835 SH   SOLE   7,835 0 0
Integer Holdings Corporation COM 45826H109 18 314 SH   SOLE   314 0 0
Integrated Device Technology, COM 458118106 43 1,405 SH   SOLE   1,405 0 0
Intel Corp COM 458140100 2,704 51,928 SH   SOLE   51,928 0 0
International Paper COM 460146103 435 8,142 SH   SOLE   8,142 0 0
INTERPUBLIC GROUP OF COS INC C COM 460690100 250 10,868 SH   SOLE   10,868 0 0
INTL BUSINESS MACHINES CORP CO COM 459200101 898 5,850 SH   SOLE   5,850 0 0
Invesco Ltd COM g491bt108 449 14,017 SH   SOLE   14,017 0 0
Invesco Mortgage Capital COM 46131b100 331 20,214 SH   SOLE   20,214 0 0
ISHARES DJ US OIL & GAS EXPL COM 464288851 777 12,225 SH   SOLE   12,225 0 0
J2 Global Inc. COM 48123v102 379 4,797 SH   SOLE   4,797 0 0
JABIL CIRCUIT INC COM 466313103 762 26,523 SH   SOLE   26,523 0 0
Janus Henderson Group PLC COM G4474Y214 39 1,171 SH   SOLE   1,171 0 0
Jetblue Airways Corp. COM 477143101 409 20,112 SH   SOLE   20,112 0 0
JM Smucker Co. COM 832696405 510 4,114 SH   SOLE   4,114 0 0
Johnson Controls International COM g51502105 797 22,605 SH   SOLE   22,605 0 0
Jones Lang Lasalle Inc. COM 48020Q107 701 4,013 SH   SOLE   4,013 0 0
JPMORGAN CHASE & CO COM 46625h100 3,534 32,140 SH   SOLE   32,140 0 0
JUNIPER NETWORKS INC COMMON ST COM 48203R104 377 15,502 SH   SOLE   15,502 0 0
Kaiser Alum Corp COM 483007704 16 157 SH   SOLE   157 0 0
KB Financial Group Inc-ADR COM 48241a105 10 171 SH   SOLE   171 0 0
Keycorp COM 493267108 1,705 87,191 SH   SOLE   87,191 0 0
Keysight Technologies Inc. COM 49338L103 629 12,014 SH   SOLE   12,014 0 0
KLA-TENCOR Corp COM 482480100 327 3,000 SH   SOLE   3,000 0 0
Knight-Swift Transportation Ho COM 499049104 47 1,032 SH   SOLE   1,032 0 0
KNOLL INC COM 498904200 10 519 SH   SOLE   519 0 0
Kohls Corp. COM 500255104 558 8,515 SH   SOLE   8,515 0 0
KORN/FERRY INTL PV $0.10 COM 500643200 73 1,418 SH   SOLE   1,418 0 0
KROGER CO COMMON STOCK USD1.0 COM 501044101 1,101 46,002 SH   SOLE   46,002 0 0
Laboratory Corp. Of America Ho COM 50540r409 1,886 11,660 SH   SOLE   11,660 0 0
Ladder Capital Corp COM 505743104 13 829 SH   SOLE   829 0 0
Lam Research Corp. COM COM 512807108 12 60 SH   SOLE   60 0 0
Lear Corp. COM 521865204 595 3,200 SH   SOLE   3,200 0 0
Legacytexas Financial COM 52471y106 299 6,992 SH   SOLE   6,992 0 0
Leidos Holdings Inc COM 525327102 549 8,389 SH   SOLE   8,389 0 0
LENNAR CORP CL A COMMON STOCK COM 526057104 473 8,030 SH   SOLE   8,030 0 0
Lennar Corp. B shares COM 526057302 15 311 SH   SOLE   311 0 0
LGI homes inc COM 50187t106 278 3,944 SH   SOLE   3,944 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 301 6,413 SH   SOLE   6,413 0 0
LINCOLN NATIONAL CORP COMMON S COM 534187109 462 6,320 SH   SOLE   6,320 0 0
Lithia Motors Inc. - Class A COM 536797103 40 394 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 678 7,726 SH   SOLE   7,726 0 0
LYONDELLBASELL INDU-CL A COM N53745100 1,180 11,164 SH   SOLE   11,164 0 0
M D C Hldgs Inc Com COM 552676108 264 9,453 SH   SOLE   9,453 0 0
Macy's Inc. COM 55616p104 5 152 SH   SOLE   152 0 0
Magna International CL A VTG COM 559222401 538 9,540 SH   SOLE   9,540 0 0
Mallinckrodt PLC COM G5785G107 1 84 SH   SOLE   84 0 0
Manpower Inc. COM 56418H100 307 2,667 SH   SOLE   2,667 0 0
Manulife Financial Corp. COM 56501R106 525 28,282 SH   SOLE   28,282 0 0
Marathon Petroleum Corp COM 56585a102 11 146 SH   SOLE   146 0 0
Matthews International Corp COM 577128101 265 5,230 SH   SOLE   5,230 0 0
Mckesson Corporation COM 58155Q103 963 6,834 SH   SOLE   6,834 0 0
MEDICAL PROPERTIES TRUST REIT COM 58463J304 551 42,391 SH   SOLE   42,391 0 0
MEDNAX INC COM 58502B106 17 310 SH   SOLE   310 0 0
MEREDITH CORP COM 589433101 11 208 SH   SOLE   208 0 0
Meritage Corp. COM 59001A102 52 1,156 SH   SOLE   1,156 0 0
Meritor Inc. COM 59001K100 371 18,045 SH   SOLE   18,045 0 0
METLIFE INC COMMON STOCK USD.0 COM 59156R108 1,379 30,052 SH   SOLE   30,052 0 0
MFA FINANCIAL INC REIT USD.01 COM 55272X102 183 24,320 SH   SOLE   24,320 0 0
MGIC Investment Corp/Wi COM 552848103 393 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 452 6,986 SH   SOLE   6,986 0 0
Milacron Holdings Corp COM 59870L106 309 15,351 SH   SOLE   15,351 0 0
Minerals Technologies Com COM 603158106 29 434 SH   SOLE   434 0 0
Mitsubishi UFJ Financial Group COM 606822104 7 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 7 583 SH   SOLE   583 0 0
Morgan Stanley COM 617446448 1,455 26,972 SH   SOLE   26,972 0 0
MSG Networks Inc. COM 553573106 30 1,330 SH   SOLE   1,330 0 0
National General Holdings Corp COM 636220303 36 1,482 SH   SOLE   1,482 0 0
Navient Corp COM 63938C108 40 3,071 SH   SOLE   3,071 0 0
NCR Corp COM 62886E108 14 459 SH   SOLE   459 0 0
Neenah Paper Inc. COM 640079109 13 165 SH   SOLE   165 0 0
NELNET INC CL A COM 64031N108 39 753 SH   SOLE   753 0 0
NETAPP INC COM 64110D104 41 665 SH   SOLE   665 0 0
NETGEAR INC. COM 64111Q104 37 653 SH   SOLE   653 0 0
New Residential Investment COM 64828T201 411 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 88 14,796 SH   SOLE   14,796 0 0
NEWMONT MINING CORP COM 651639106 457 11,695 SH   SOLE   11,695 0 0
NOBLE ENERGY INC COMMON STOCK COM 655044105 165 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 393 8,122 SH   SOLE   8,122 0 0
Norwegian Cruise Line Holdings COM G66721104 462 8,715 SH   SOLE   8,715 0 0
Nuance Communications, Inc. COM 67020Y100 396 25,171 SH   SOLE   25,171 0 0
Nutrien Ltd. COM 67077M108 6 117 SH   SOLE   117 0 0
NXP Semiconductors NV COM N6596X109 747 6,387 SH   SOLE   6,387 0 0
Oaktree Capital Group, LLC Cla COM 674001201 38 972 SH   SOLE   972 0 0
OCCIDENTAL PETE CORP COM 674599105 547 8,426 SH   SOLE   8,426 0 0
Office Depot, Inc. COM 676220106 17 7,708 SH   SOLE   7,708 0 0
OLD NATIONAL BANCORP COM 680033107 33 1,947 SH   SOLE   1,947 0 0
Old Republic Intl Corp COM 680223104 227 10,593 SH   SOLE   10,593 0 0
Omega Healthcare Investors COM 681936100 15 538 SH   SOLE   538 0 0
Omnicom Group COM 681919106 470 6,471 SH   SOLE   6,471 0 0
On Assignment, Inc. COM 682159108 57 698 SH   SOLE   698 0 0
On Semiconductor Cort COM 682189105 402 16,419 SH   SOLE   16,419 0 0
Onemain Holdings Inc. COM 68268w103 57 1,893 SH   SOLE   1,893 0 0
Oracle Corp COM 68389X105 1,997 43,649 SH   SOLE   43,649 0 0
ORANGE-SPON ADR COM 684060106 5 300 SH   SOLE   300 0 0
Orbital ATK Inc. COM 68557N103 450 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 15 948 SH   SOLE   948 0 0
OWENS ILLINOIS INC COMMON STOC COM 690768403 334 15,422 SH   SOLE   15,422 0 0
P G E CORP COMMON STOCK NPV COM 69331C108 363 8,272 SH   SOLE   8,272 0 0
PACCAR INC COMMON STOCK USD1.0 COM 693718108 446 6,740 SH   SOLE   6,740 0 0
Party City Holdco Inc. COM 702149105 48 3,061 SH   SOLE   3,061 0 0
PEARSON SPONSORED ADR COM 705015105 5 428 SH   SOLE   428 0 0
Pennymac Mortgage Investment COM 70931t103 13 700 SH   SOLE   700 0 0
Penske Auto Group COM 70959w103 45 1,010 SH   SOLE   1,010 0 0
PFIZER INCORPORATED COM 717081103 512 14,424 SH   SOLE   14,424 0 0
PHILIP MORRIS INTL INC COM 718172109 251 2,529 SH   SOLE   2,529 0 0
Phillips 66 COM 718546104 633 6,596 SH   SOLE   6,596 0 0
Pilgrims Pride Corp COM 72147K108 503 20,444 SH   SOLE   20,444 0 0
PITNEY BOWES INC COM 724479100 591 54,269 SH   SOLE   54,269 0 0
Plexus Corp COM 729132100 14 232 SH   SOLE   232 0 0
Ply Gem Holdings, Inc. COM 72941W100 14 665 SH   SOLE   665 0 0
PNC FINL SERVICES GP INC COM 693475105 1,902 12,574 SH   SOLE   12,574 0 0
Polaris Inds Inc Com COM 731068102 7 62 SH   SOLE   62 0 0
Polyone Corp Com COM 73179P106 41 964 SH   SOLE   964 0 0
PPL CORPORATION COMMON STOCK U COM 69351T106 258 9,114 SH   SOLE   9,114 0 0
PRINCIPAL FINANCIAL GROUP COMM COM 74251V102 403 6,621 SH   SOLE   6,621 0 0
PRUDENTIAL FINANCIAL INC COMMO COM 744320102 1,672 16,150 SH   SOLE   16,150 0 0
Prudential PLC ADR COM 74435K204 7 141 SH   SOLE   141 0 0
PUBLIC SERVICE ENTERPRISE GP C COM 744573106 1,096 21,816 SH   SOLE   21,816 0 0
Pulte Homes, Inc COM 745867101 545 18,466 SH   SOLE   18,466 0 0
QORVO INC. COM 74736k101 409 5,811 SH   SOLE   5,811 0 0
Quad/Graphics, Inc. Class A COM 747301109 13 513 SH   SOLE   513 0 0
QUALCOMM INC COMMON STOCK USD. COM 747525103 1,359 24,529 SH   SOLE   24,529 0 0
QUANTA SERVICES INC COMMON STO COM 74762E102 551 16,044 SH   SOLE   16,044 0 0
Quest Diagnostics Inc. COM 74834L100 781 7,786 SH   SOLE   7,786 0 0
Radian Group Inc. COM 750236101 145 7,637 SH   SOLE   7,637 0 0
Real Estate Sector SPDR Fund COM 81369Y860 1,323 42,576 SH   SOLE   42,576 0 0
Redwood Trust Inc COM 758075402 196 12,695 SH   SOLE   12,695 0 0
Regal Beloit Corp. COM 758750103 32 431 SH   SOLE   431 0 0
Regions Financial Corp. New COM 7591ep100 35 1,859 SH   SOLE   1,859 0 0
Reinsurance Group Of America I COM 759351604 506 3,288 SH   SOLE   3,288 0 0
RELIANCE STEEL ALUMINUM COMM COM 759509102 400 4,664 SH   SOLE   4,664 0 0
RIO Tinto PLC, Spon ADR COM 767204100 2,434 47,231 SH   SOLE   47,231 0 0
ROBERT HALF INTL INC COMMON ST COM 770323103 7 128 SH   SOLE   128 0 0
Royal Bank of Canada COM 780087102 1,062 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 44 607 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 STO COM 800013104 356 2,987 SH   SOLE   2,987 0 0
Sanmina Corp COM 801056102 235 8,971 SH   SOLE   8,971 0 0
Sanofi-ADR COM 80105N105 5 132 SH   SOLE   132 0 0
Sasol LTD Sponsored ADR COM 803866300 6 188 SH   SOLE   188 0 0
Schweitzer-Mauduit Com COM 808541106 265 6,766 SH   SOLE   6,766 0 0
Seagate Technology COM G7945M107 520 8,892 SH   SOLE   8,892 0 0
SECTOR SPDR FINANCIAL COM 81369y605 8,436 306,000 SH   SOLE   306,000 0 0
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 42 2,462 SH   SOLE   2,462 0 0
Selective Ins Group Com COM 816300107 44 717 SH   SOLE   717 0 0
Sensata Technologies Holding COM N7902X106 7 141 SH   SOLE   141 0 0
SHINHAN FINANCIAL GP SPN ADR R COM 824596100 7 154 SH   SOLE   154 0 0
Signet Jewelers LTD COM G81276100 2 60 SH   SOLE   60 0 0
Simmons First Nat'l Corp. - Cl COM 828730200 35 1,216 SH   SOLE   1,216 0 0
Sinclair Broadcast Group - A COM 829226109 26 829 SH   SOLE   829 0 0
Skywest, Inc. COM 830879102 76 1,400 SH   SOLE   1,400 0 0
Skyworks Solutions, Inc. COM 83088M102 1,257 12,539 SH   SOLE   12,539 0 0
SNAP ON INC COM COM 833034101 307 2,080 SH   SOLE   2,080 0 0
SOUTHWEST AIRLINES CO COMMON S COM 844741108 497 8,674 SH   SOLE   8,674 0 0
Southwestern Energy Co COM 845467109 64 14,795 SH   SOLE   14,795 0 0
Spartannash Co. COM 847215100 219 12,734 SH   SOLE   12,734 0 0
SPDR KBW BANK ETF COM 78464a797 41,373 863,925 SH   SOLE   863,925 0 0
SPDR S&P OIL & GAS & PR COM 78464A730 512 14,550 SH   SOLE   14,550 0 0
Spectra Energy Partners LP COM 84756n109 18 530 SH   SOLE   530 0 0
SPIRIT AEROSYSTEMS HOLD CL A C COM 848574109 1,079 12,889 SH   SOLE   12,889 0 0
Sprit Airlines Inc COM 848577102 31 830 SH   SOLE   830 0 0
Starwood Property Trust Inc COM 85571b105 219 10,463 SH   SOLE   10,463 0 0
State Street Corp COM 857477103 1,208 12,108 SH   SOLE   12,108 0 0
Steel Dynamics Inc Com COM 858119100 24 543 SH   SOLE   543 0 0
Steelcase Inc-Cl A COM 858155203 27 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 2,660 39,095 SH   SOLE   39,095 0 0
Sykes Enterprises Inc Com COM 871237103 13 433 SH   SOLE   433 0 0
SYNAPTICS INC COM 87157D109 40 868 SH   SOLE   868 0 0
Synchronoss Technologies Inc. COM 87157B103 97 9,207 SH   SOLE   9,207 0 0
Synchrony Financial COM 87165b103 63 1,887 SH   SOLE   1,887 0 0
Synnex Corp. COM 87162w100 462 3,898 SH   SOLE   3,898 0 0
T ROWE PRICE GROUP INC COMMON COM 74144T108 655 6,070 SH   SOLE   6,070 0 0
TARGET CORP COMMON STOCK USD.0 COM 87612E106 1,296 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 4 142 SH   SOLE   142 0 0
TCF FINL CORP COM 872275102 243 10,665 SH   SOLE   10,665 0 0
Tech Data Corp. COM 878237106 305 3,582 SH   SOLE   3,582 0 0
TEGNA INC. COM 87901J105 242 21,259 SH   SOLE   21,259 0 0
Tenneco Inc. COM 880349105 43 781 SH   SOLE   781 0 0
Teva Pharmaceutical Industries COM 881624209 3 161 SH   SOLE   161 0 0
The Dun & Bradstreet Corp COM 26483E100 50 425 SH   SOLE   425 0 0
TIVO CORP COM 88870P106 230 17,001 SH   SOLE   17,001 0 0
Toll Brothers Inc Com COM 889478103 39 902 SH   SOLE   902 0 0
TORCHMARK CORP COMMON STOCK US COM 891027104 7 83 SH   SOLE   83 0 0
Toronto-Dominion Bank COM 891160509 1,343 23,622 SH   SOLE   23,622 0 0
Total SA ADR COM 89151E109 709 12,292 SH   SOLE   12,292 0 0
Toyota Motor Corp. ADR COM 892331307 65 496 SH   SOLE   496 0 0
TRAVELERS COS INC/THE COMMON S COM 89417E109 1,146 8,251 SH   SOLE   8,251 0 0
Tri Pointe Group Inc. COM 87265h109 229 13,913 SH   SOLE   13,913 0 0
Trinseo SA COM L9340P101 345 4,662 SH   SOLE   4,662 0 0
Triumph Group Inc New Com COM 896818101 279 11,079 SH   SOLE   11,079 0 0
TTM Technologies COM 87305r109 296 19,346 SH   SOLE   19,346 0 0
TUPPERWARE CORPORATION COM 899896104 140 2,884 SH   SOLE   2,884 0 0
Turkcell iletism adr COM 900111204 5 570 SH   SOLE   570 0 0
TUTOR PERINI CORP COM 901109108 199 9,030 SH   SOLE   9,030 0 0
Twenty-First Century Fox, Inc. COM 90130A200 535 14,723 SH   SOLE   14,723 0 0
Twenty-First Century Fox, Inc. COM 90130a101 61 1,657 SH   SOLE   1,657 0 0
Tyson Foods Inc CL A COM 902494103 1,131 15,459 SH   SOLE   15,459 0 0
U S BANCORP DEL NEW COM 902973304 939 18,591 SH   SOLE   18,591 0 0
UBS AG COM H42097107 6 342 SH   SOLE   342 0 0
Umpqua Holdings Corp. COM 904214103 41 1,919 SH   SOLE   1,919 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 42 609 SH   SOLE   609 0 0
United Nat Foods Inc. COM 911163103 51 1,196 SH   SOLE   1,196 0 0
UNITED RENTALS INC COM COM 911363109 608 3,520 SH   SOLE   3,520 0 0
UNITED TECHNOLOGIES CORP COM 913017109 484 3,845 SH   SOLE   3,845 0 0
United Therapueutics Corp. COM 91307C102 389 3,466 SH   SOLE   3,466 0 0
Universal Health Svcs -Clb COM 913903100 373 3,153 SH   SOLE   3,153 0 0
UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 425 8,928 SH   SOLE   8,928 0 0
USANA Health Sciences, Inc. COM 90328M107 35 411 SH   SOLE   411 0 0
VALERO ENERGY CORP NEW COM 91913y100 1,518 16,359 SH   SOLE   16,359 0 0
Valero Energy Partners LP COM 91914J102 34 953 SH   SOLE   953 0 0
VERIFONE HLDGS INC COM COM 92342Y109 270 17,571 SH   SOLE   17,571 0 0
VERIZON COMMUNICATIONS COM 92343v104 1,478 30,899 SH   SOLE   30,899 0 0
Viacom Inc - Class B COM 92553P201 245 7,880 SH   SOLE   7,880 0 0
VOYA FINANCIAL INC COM 929089100 33 650 SH   SOLE   650 0 0
Wabash National Corp. COM 929566107 72 3,464 SH   SOLE   3,464 0 0
WADDELL & REED FINL CL A COM 930059100 327 16,180 SH   SOLE   16,180 0 0
Walgreens Boots Alliance Inc COM 931427108 414 6,324 SH   SOLE   6,324 0 0
Walker & Dunlop Inc. COM 93148p102 403 6,777 SH   SOLE   6,777 0 0
WELLS FARGO & CO NEW COM 949746101 2,570 49,039 SH   SOLE   49,039 0 0
WesBanco Inc. COM 950810101 37 873 SH   SOLE   873 0 0
Wesco Aircraft Holdings Inc. COM 950814103 11 1,039 SH   SOLE   1,039 0 0
Wesco Intl Inc Com COM 95082P105 13 217 SH   SOLE   217 0 0
WESTERN DIGITAL CORP COMMON ST COM 958102105 2,454 26,601 SH   SOLE   26,601 0 0
WESTERN UN CO COM 959802109 429 22,304 SH   SOLE   22,304 0 0
Westlake Chemical Corp COM 960413102 13 113 SH   SOLE   113 0 0
Westpac Banking Corp- ADR COM 961214301 5 230 SH   SOLE   230 0 0
Wheaton Precious Metals Corp COM 962879102 175 8,596 SH   SOLE   8,596 0 0
WHIRLPOOL CORP COMMON STOCK US COM 963320106 393 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 329 7,677 SH   SOLE   7,677 0 0
Wyndham Worldwide Corp. COM 98310w108 559 4,887 SH   SOLE   4,887 0 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102 40 363 SH   SOLE   363 0 0