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
Aarons Inc COM 002535300 558 17,443 SH   SOLE   17,443 0 0
AbbVie INC COM 00287y109 1,435 22,908 SH   SOLE   22,131 777 0
Acco Brands Corp COM 00081T108 4 306 SH   SOLE   306 0 0
Adient PLC COM G0084W101 127 2,165 SH   SOLE   2,075 90 0
AECOM TECH CORP DEL COM COM 00766T100 508 13,979 SH   SOLE   13,979 0 0
AES CORP COMMON STOCK USD.01 COM 00130H105 405 34,873 SH   SOLE   34,873 0 0
AETNA INC NEW COM 00817y108 43 343 SH   SOLE   343 0 0
Affiliated Managers Group COM 008252108 282 1,943 SH   SOLE   1,943 0 0
AFLAC INC COMMON STOCK USD.1 COM 001055102 2,119 30,444 SH   SOLE   29,496 948 0
AGRIUM INC COMMON STOCK NPV COM 008916108 5 53 SH   SOLE   53 0 0
Air Lease Corporation COM 00912x302 643 18,726 SH   SOLE   18,726 0 0
AIRCASTLE LTD COM G0129k104 3 138 SH   SOLE   138 0 0
Akorn, Inc. COM 009728106 404 18,498 SH   SOLE   18,498 0 0
Alamo Group Inc. COM 011311107 3 38 SH   SOLE   38 0 0
Alaska Air Group Inc. COM 011659109 464 5,229 SH   SOLE   5,229 0 0
Allegiant Travel Co COM 01748X102 302 1,812 SH   SOLE   1,812 0 0
Alliance Data Systems Corp. COM 018581108 441 1,930 SH   SOLE   1,930 0 0
Allianceberstein Hldg COM 01881g106 469 19,982 SH   SOLE   19,982 0 0
ALLSTATE CORPORATION COM 020002101 1,287 17,369 SH   SOLE   16,331 1,038 0
ALLY Financial Inc COM 02005n100 387 20,343 SH   SOLE   20,343 0 0
Altisourse Residential Corp. COM 02153w100 0 1 SH   SOLE   1 0 0
AMC Networks Inc. Class A COM 00164v103 459 8,761 SH   SOLE   8,761 0 0
Amerco COM 023586100 177 478 SH   SOLE   478 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503x105 382 21,051 SH   SOLE   21,051 0 0
American Equity Investment Lif COM 025676206 535 23,716 SH   SOLE   23,716 0 0
AMERICAN EXPRESS COMPANY COM 025816109 566 7,641 SH   SOLE   7,641 0 0
American Financial Group Inc. COM 025932104 466 5,293 SH   SOLE   5,293 0 0
American International Group COM 026874784 40 614 SH   SOLE   614 0 0
AMERIPRISE FINANCIAL INC COMMO COM 03076C106 502 4,523 SH   SOLE   4,523 0 0
AMGEN INC COMMON STOCK USD.000 COM 031162100 163 1,114 SH   SOLE   1,114 0 0
AMTRUST FINANCIAL SERVICES COM 032359309 596 21,781 SH   SOLE   21,781 0 0
ANIXTER INTL INC COM 035290105 16 195 SH   SOLE   195 0 0
Annaly Mtg Mgmt Inc. COM 035710409 255 25,527 SH   SOLE   25,527 0 0
ANTHEM INC. COM 036752103 692 4,815 SH   SOLE   4,815 0 0
APACHE CORP COM 037411105 232 3,648 SH   SOLE   3,648 0 0
Apollo Commercial Real Estate COM 03762U105 2 128 SH   SOLE   128 0 0
Apple Computer COM 037833100 2,093 18,069 SH   SOLE   17,539 530 0
Arcbest Corp COM 03937C105 3 107 SH   SOLE   107 0 0
ARCHER DANIELS MIDLAND CO COMM COM 039483102 48 1,061 SH   SOLE   1,061 0 0
Ares Capital Corp COM 04010l103 258 15,670 SH   SOLE   15,670 0 0
Arris International PLC. COM G0551A103 426 14,138 SH   SOLE   14,138 0 0
ARROW ELECTRONICS INC COMMON S COM 042735100 457 6,405 SH   SOLE   6,405 0 0
Ascena Retail Group Inc. COM 04351g101 7 1,163 SH   SOLE   1,163 0 0
ASSURANT INC COMMON STOCK USD. COM 04621X108 5 58 SH   SOLE   58 0 0
ASTRAZENECA PLC ADR F SPONSORE COM 046353108 5 180 SH   SOLE   180 0 0
AT& T INC COM 00206r102 2,378 55,921 SH   SOLE   54,052 1,869 0
Atlas Air Worldwide COM 049164205 3 57 SH   SOLE   57 0 0
Autonation Inc. COM 05329w102 411 8,437 SH   SOLE   8,437 0 0
Avis Budget Group Inc COM 053774105 483 13,175 SH   SOLE   13,175 0 0
AVIVA PLC COM 05382A104 5 419 SH   SOLE   419 0 0
Avnet Inc Com COM 053807103 446 9,358 SH   SOLE   9,358 0 0
Banc of California Inc. COM 05990K106 2 138 SH   SOLE   138 0 0
BancFirst Corp. COM 05945F103 3 36 SH   SOLE   36 0 0
BANK OF AMERICA CORP COM 060505104 3,125 141,385 SH   SOLE   136,636 4,749 0
Bank of Montreal COM 063671101 1,115 15,509 SH   SOLE   15,509 0 0
Bank Of New York Mellon Corp. COM 064058100 2,275 48,016 SH   SOLE   46,315 1,701 0
Bank of Nova Scotia COM 064149107 1,079 19,376 SH   SOLE   19,376 0 0
Barclays PLC- ADR COM 06738E204 6 520 SH   SOLE   520 0 0
BARNES GROUP INC COM 067806109 12 247 SH   SOLE   247 0 0
BB&T CORP COMMON STOCK USD5.0 COM 054937107 221 4,699 SH   SOLE   4,699 0 0
Bed Bath & Beyond Inc. COM 075896100 390 9,604 SH   SOLE   9,604 0 0
BELDEN INC COM 077454106 473 6,327 SH   SOLE   6,327 0 0
Benchmark Electronics Inc COM 08160H101 3 95 SH   SOLE   95 0 0
Berkshire Hills Bancorp Inc. COM 084680107 175 4,755 SH   SOLE   4,755 0 0
BEST BUY CO INC COM 086516101 425 9,952 SH   SOLE   9,952 0 0
BGC PARTNERS INC CL A COM 05541T101 499 48,759 SH   SOLE   48,759 0 0
BHP BILLITON LTD ADR F SPONSOR COM 088606108 6 177 SH   SOLE   177 0 0
BHP BILLITON PLC SP ADR COM 05545E209 6 203 SH   SOLE   203 0 0
BIOGEN IDEC INC COM 09062x103 171 602 SH   SOLE   602 0 0
Blackstone Group LP COM 09253u108 36 1,321 SH   SOLE   1,321 0 0
Blackstone Mortgage Tru-Cl A COM 09257W100 283 9,415 SH   SOLE   9,415 0 0
Block H & R Inc COM 093671105 391 16,996 SH   SOLE   16,996 0 0
BOEING CO COMMON STOCK USD5.0 COM 097023105 275 1,766 SH   SOLE   1,766 0 0
BofI Holding, Inc COM 05566u108 531 18,606 SH   SOLE   18,606 0 0
BOK FINANCIAL CORPORATION COMM COM 05561Q201 13 158 SH   SOLE   158 0 0
Borg Warner Auto COM 099724106 450 11,406 SH   SOLE   11,406 0 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 343 9,179 SH   SOLE   9,179 0 0
Bristow Group Inc. COM 110394103 3 161 SH   SOLE   161 0 0
Brocade Communications COM 111621306 534 42,782 SH   SOLE   42,782 0 0
Buckle Inc Com COM 118440106 8 362 SH   SOLE   362 0 0
BUNGE LIMITED COM G16962105 467 6,461 SH   SOLE   6,461 0 0
CA INC COMMON STOCK USD.1 COM 12673P105 1,356 42,666 SH   SOLE   40,855 1,811 0
Calatlantic Group Inc. COM 128195104 423 12,441 SH   SOLE   12,441 0 0
Callon Petroleum Co COM 13123x102 198 12,875 SH   SOLE   12,875 0 0
CANADIAN IMPRL BK COMM COM COM 136069101 1,090 13,354 SH   SOLE   13,354 0 0
CAPITAL ONE FINANCIAL CORP COM COM 14040H105 692 7,927 SH   SOLE   7,927 0 0
Cardinal Financial COM 14149F109 4 112 SH   SOLE   112 0 0
Cardinal Health Inc. COM 14149Y108 164 2,278 SH   SOLE   2,278 0 0
Cavium Inc COM 14964U108 1 16 SH   SOLE   16 0 0
CBS Corp New Cl B COM 124857202 51 795 SH   SOLE   795 0 0
CDW Corp/DE COM 12514G108 447 8,572 SH   SOLE   8,572 0 0
Celanese Corp. - Series A COM 150870103 438 5,559 SH   SOLE   5,559 0 0
CENTURYLINK INC COMMON STOCK U COM 156700106 372 15,640 SH   SOLE   15,640 0 0
Chemical Financial Corp. COM 163731102 13 236 SH   SOLE   236 0 0
CHESAPEAKE ENERGY CORP COM 165167107 158 22,436 SH   SOLE   22,436 0 0
Chicago Bridge & Iron COM 167250109 151 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 50 377 SH   SOLE   377 0 0
CIGNA CORP COMMON STOCK USD.25 COM 125509109 5 39 SH   SOLE   39 0 0
Cirrus Logic Inc. COM 172755100 19 331 SH   SOLE   331 0 0
Cisco Systems Inc. COM 17275R102 2,201 72,816 SH   SOLE   70,458 2,358 0
CITIGROUP INC COM 172967424 2,270 38,200 SH   SOLE   37,052 1,148 0
Citizens Financial Group COM 174610105 1,188 33,344 SH   SOLE   31,434 1,910 0
CNA Financial Corp COM 126117100 13 303 SH   SOLE   303 0 0
Colony Capital Inc-A COM 19624R106 10 484 SH   SOLE   484 0 0
Commercial Metals Co. COM 201723103 17 785 SH   SOLE   785 0 0
Community Health System New COM 203668108 3 566 SH   SOLE   566 0 0
Cooper Tire And Rubber COM 216831107 472 12,155 SH   SOLE   12,155 0 0
CORNING INC COMMON STOCK USD.5 COM 219350105 51 2,119 SH   SOLE   2,119 0 0
Corrections Corp Of America COM 22025Y407 490 20,042 SH   SOLE   20,042 0 0
CRANE CO COMMON STOCK USD1.0 COM 224399105 16 220 SH   SOLE   220 0 0
CREDIT ACCEPTANCE CORP COM 225310101 462 2,125 SH   SOLE   2,125 0 0
Crown Holdings Inc. COM 228368106 392 7,461 SH   SOLE   7,461 0 0
CSRA Inc. COM 12650T104 314 9,850 SH   SOLE   9,850 0 0
CSX Corp COM 126408103 60 1,670 SH   SOLE   1,670 0 0
Cullen/Frost Bankers Inc COM 229899109 30 342 SH   SOLE   342 0 0
CUMMINS INC COMMON STOCK USD2. COM 231021106 22 162 SH   SOLE   162 0 0
Customers Bancorp Inc. COM 23204G100 3 89 SH   SOLE   89 0 0
CVS CAREMARK CORP COMMON STOCK COM 126650100 636 8,061 SH   SOLE   7,537 524 0
Dana Holding Corp COM 235825205 539 28,371 SH   SOLE   28,371 0 0
DCP Midstream Partners LP COM 23311p100 14 368 SH   SOLE   368 0 0
Deckers Outdoors Corp COM 243537107 12 213 SH   SOLE   213 0 0
Dell Technologies Inc. Class V COM 24703L103 9 168 SH   SOLE   168 0 0
DELTA AIR LINES INC COM 247361702 1,662 33,782 SH   SOLE   32,891 891 0
Deluxe Corp. COM 248019101 14 198 SH   SOLE   198 0 0
Deutsche Bank AG REG COM D18190898 6 325 SH   SOLE   325 0 0
DEVON ENERGY CP NEW COM 25179m103 1,198 26,233 SH   SOLE   25,003 1,230 0
DEVRY INC DEL COM 251893103 564 18,090 SH   SOLE   18,090 0 0
DICKS SPORTING GOODS INC COM 253393102 4 80 SH   SOLE   80 0 0
Dillards Inc -Cl A COM 254067101 470 7,490 SH   SOLE   7,490 0 0
DineEquity, Inc. COM 254423106 422 5,486 SH   SOLE   5,486 0 0
DISCOVER FINANCIAL SERVICES CO COM 254709108 754 10,458 SH   SOLE   10,458 0 0
Discovery Holding Co. Cl A COM 25470f104 398 14,518 SH   SOLE   14,518 0 0
Donnelley (R R) & Sons Co COM 257867101 108 6,587 SH   SOLE   6,587 0 0
Donnelley Financial Solutions, COM 25787G100 57 2,469 SH   SOLE   2,469 0 0
Dorian LPG LTD. COM Y2106R110 2 213 SH   SOLE   213 0 0
DOW CHEMICAL COMMON STOCK USD2 COM 260543103 207 3,618 SH   SOLE   3,618 0 0
DR HORTON INC COMMON STOCK USD COM 23331A109 377 13,793 SH   SOLE   13,793 0 0
East West Bancorp Inc. COM 27579R104 504 9,922 SH   SOLE   9,922 0 0
Eastman Chemical Co COM 277432100 443 5,888 SH   SOLE   5,888 0 0
Eaton Corporation PLC Ordinary COM G29183103 975 14,525 SH   SOLE   13,725 800 0
Ebay Inc COM 278642103 6 207 SH   SOLE   207 0 0
Empresa Nac Electrica SA COM 29244T101 4 190 SH   SOLE   190 0 0
ENERGY TRANSFER EQUITY LP COM 29273v100 512 26,498 SH   SOLE   26,498 0 0
Enersis Americas-Spons ADR COM 29274F104 5 597 SH   SOLE   597 0 0
ENERSYS COM 29275Y102 14 175 SH   SOLE   175 0 0
Entergy Corp COM 29364G103 16 217 SH   SOLE   217 0 0
ERICSSON LM TEL CL B ADR COM 294821608 4 661 SH   SOLE   661 0 0
Essendant Inc. COM 296689102 2 74 SH   SOLE   74 0 0
EXELON CORP COMMON STOCK NPV COM 30161N101 1,551 43,710 SH   SOLE   42,255 1,455 0
Express Inc. COM 30219E103 5 471 SH   SOLE   471 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219g108 608 8,837 SH   SOLE   8,837 0 0
Federal-Mogual Holdings Corp COM 313549404 474 45,956 SH   SOLE   45,956 0 0
Fidelity & Guaranty Life COM 315785105 378 15,927 SH   SOLE   15,927 0 0
FIFTH THIRD BANCORP COM 316773100 330 12,216 SH   SOLE   12,216 0 0
First American Financial COM 31847R102 395 10,784 SH   SOLE   10,784 0 0
First Financial Bancorp COM 320209109 4 127 SH   SOLE   127 0 0
First NBC Bank Holding Co. COM 32115D106 1 81 SH   SOLE   81 0 0
FIRSTENERGY CORP COMMON STOCK COM 337932107 393 12,703 SH   SOLE   12,703 0 0
Flextronics Intl. Ltd. COM y2573f102 6 385 SH   SOLE   385 0 0
Flowserve Corp COM 34354P105 22 458 SH   SOLE   458 0 0
FLUOR CORP COMMON STOCK USD.01 COM 343412102 12 222 SH   SOLE   222 0 0
FOOT LOCKER INC N.Y. COM COM 344849104 7 95 SH   SOLE   95 0 0
Ford Motor Co COM 345370860 355 29,267 SH   SOLE   29,267 0 0
Fortress Investment Group-Clas COM 34958B106 2 479 SH   SOLE   479 0 0
Franklin Resources COM 354613101 681 17,192 SH   SOLE   17,192 0 0
GAMESTOP CORP CLASS A COMMON S COM 36467W109 456 18,047 SH   SOLE   18,047 0 0
Gap Inc. Co. COM 364760108 362 16,112 SH   SOLE   16,112 0 0
GATX CORP COM 361448103 4 68 SH   SOLE   68 0 0
Generac Holdings Inc. COM 368736104 487 11,958 SH   SOLE   11,958 0 0
General Motors COM 37045V100 651 18,697 SH   SOLE   18,697 0 0
Genworth FINL INC. COM COM 37247d106 365 95,771 SH   SOLE   95,771 0 0
GEO GROUP INC COM 36162J106 410 11,409 SH   SOLE   11,409 0 0
Gilead Sciences, Inc. COM 375558103 1,484 20,724 SH   SOLE   20,113 611 0
Glatfelter Com COM 377316104 3 121 SH   SOLE   121 0 0
GoldCorp Inc. COM 380956409 16 1,188 SH   SOLE   1,188 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 1,867 7,795 SH   SOLE   7,477 318 0
GOODYEAR TIRE & RUBBER CO COMM COM 382550101 398 12,895 SH   SOLE   12,895 0 0
Great Southern Bancorp. Inc. COM 390905107 3 54 SH   SOLE   54 0 0
Great Western Bancorp Inc. COM 391416104 14 325 SH   SOLE   325 0 0
Group 1 Automotive Inc COM 398905109 3 36 SH   SOLE   36 0 0
GULFPORT ENERGY CORP COM NEW COM 402635304 123 5,702 SH   SOLE   5,702 0 0
HALLIBURTON CO COMMON STOCK US COM 406216101 682 12,599 SH   SOLE   11,895 704 0
Hancock Hldg Co Com COM 410120109 20 455 SH   SOLE   455 0 0
HANOVER INSURANCE GROUP COM 410867105 481 5,290 SH   SOLE   5,290 0 0
HARLEY DAVIDSON INC COMMON STO COM 412822108 291 4,983 SH   SOLE   4,983 0 0
HARMAN INTERNATIONAL COMMON ST COM 413086109 369 3,321 SH   SOLE   3,321 0 0
HARTFORD FINL SVCS GRP COM 416515104 2,054 43,105 SH   SOLE   41,824 1,281 0
Hawaiian Holdings In. COM 419879101 495 8,679 SH   SOLE   8,679 0 0
HCA Holdings Inc COM 40412C101 1,448 19,562 SH   SOLE   18,865 697 0
HD Supply Holdings, Inc. COM 40416m105 487 11,448 SH   SOLE   11,448 0 0
Heartland Financial USA Inc. COM 42234Q102 3 67 SH   SOLE   67 0 0
Herbalife LTD COM G4412G101 4 83 SH   SOLE   83 0 0
Heritage Insurance Holdings COM 42727J102 2 104 SH   SOLE   104 0 0
Herman Miller Inc. Com COM 600544100 347 10,147 SH   SOLE   10,147 0 0
HEWLETT PACKARD ENTERPRISES COM 42824C109 807 34,858 SH   SOLE   34,858 0 0
Hillenbrand Inc COM 431571108 11 295 SH   SOLE   295 0 0
Hilltop Holdings Inc. COM 432748101 20 663 SH   SOLE   663 0 0
Homestreet Inc. COM 43785V102 4 112 SH   SOLE   112 0 0
Hope Bancorp, Inc. COM 43940T109 12 538 SH   SOLE   538 0 0
Horace Mann Eductrs Corp COM 440327104 12 271 SH   SOLE   271 0 0
Howard Hughes Corporation COM 44267D107 203 1,780 SH   SOLE   1,780 0 0
HSBC Hldgs PLC Spons-ADR COM 404280406 214 5,320 SH   SOLE   5,320 0 0
HSN, Inc COM 404303109 410 11,952 SH   SOLE   11,952 0 0
Huntington Bancshares In COM 446150104 498 37,679 SH   SOLE   37,679 0 0
Huntsman Corp COM 447011107 435 22,782 SH   SOLE   22,782 0 0
Iberiabank Corp Com COM 450828108 14 166 SH   SOLE   166 0 0
ILG, Inc. COM 44967H101 475 26,122 SH   SOLE   26,122 0 0
Independent Bank Group Inc. COM 45384B106 5 73 SH   SOLE   73 0 0
ING GP NV SPSD ADR COM 456837103 6 443 SH   SOLE   443 0 0
Insight Enterprises Inc. COM 45765U103 4 91 SH   SOLE   91 0 0
Intel Corp COM 458140100 1,658 45,701 SH   SOLE   43,831 1,870 0
International Paper COM 460146103 631 11,892 SH   SOLE   11,892 0 0
INTL BUSINESS MACHINES CORP CO COM 459200101 668 4,026 SH   SOLE   4,026 0 0
Invesco Ltd COM g491bt108 408 13,455 SH   SOLE   13,455 0 0
Invesco Mortgage Capital COM 46131b100 270 18,475 SH   SOLE   18,475 0 0
Iridium Communications Inc. COM 46269C102 0 1 SH   SOLE   1 0 0
JABIL CIRCUIT INC COM 466313103 804 33,981 SH   SOLE   33,981 0 0
Jacobs Engineering Group Inc COM 469814107 27 466 SH   SOLE   466 0 0
Jetblue Airways Corp. COM 477143101 461 20,569 SH   SOLE   20,569 0 0
Johnson Controls International COM g51502105 857 20,807 SH   SOLE   19,851 956 0
Jones Lang Lasalle Inc. COM 48020Q107 415 4,105 SH   SOLE   4,105 0 0
JPMORGAN CHASE & CO COM 46625h100 2,471 28,636 SH   SOLE   27,223 1,413 0
JUNIPER NETWORKS INC COMMON ST COM 48203R104 465 16,468 SH   SOLE   16,468 0 0
Kapstone Paper And Packing COM 48562p103 40 800 SH   SOLE   800 0 0
KB Financial Group Inc-ADR COM 48241a105 6 171 SH   SOLE   171 0 0
KB Home Com COM 48666K109 3 206 SH   SOLE   206 0 0
KBR Inc. COM 48242W106 23 1,356 SH   SOLE   1,356 0 0
Keycorp COM 493267108 2,384 130,495 SH   SOLE   126,210 4,285 0
Keysight Technologies Inc. COM 49338L103 463 12,660 SH   SOLE   12,660 0 0
KKR & Co LP COM 48248m102 10 677 SH   SOLE   677 0 0
Kohls Corp. COM 500255104 1,274 25,791 SH   SOLE   24,929 862 0
Kraton Performance Polymers COM 50077C106 4 125 SH   SOLE   125 0 0
KROGER CO COMMON STOCK USD1.0 COM 501044101 617 17,876 SH   SOLE   17,876 0 0
L 3 COMMUNICATIONS HLDGS INC C COM 502424104 1,241 8,161 SH   SOLE   7,668 493 0
Laboratory Corp. Of America Ho COM 50540r409 344 2,683 SH   SOLE   2,683 0 0
Lam Research Corp. COM COM 512807108 21 194 SH   SOLE   194 0 0
Lear Corp. COM 521865204 449 3,393 SH   SOLE   3,393 0 0
Legacytexas Financial Group COM 52471y106 5 116 SH   SOLE   116 0 0
LENNAR CORP CL A COMMON STOCK COM 526057104 411 9,564 SH   SOLE   9,564 0 0
Lennar Corp. B shares COM 526057302 8 235 SH   SOLE   235 0 0
LINCOLN NATIONAL CORP COMMON S COM 534187109 511 7,715 SH   SOLE   7,715 0 0
Lithia Motors Inc. - Class A COM 536797103 477 4,921 SH   SOLE   4,921 0 0
Lloyds TSB Group SPD ADR COM 539439109 4 1,330 SH   SOLE   1,330 0 0
LSC Communications COM 50218P107 73 2,469 SH   SOLE   2,469 0 0
LYONDELLBASELL INDU-CL A COM N53745100 1,473 17,166 SH   SOLE   16,392 774 0
Macy's Inc. COM 55616p104 402 11,215 SH   SOLE   11,215 0 0
Magna International CL A VTG COM 559222401 796 18,345 SH   SOLE   17,216 1,129 0
Mallinckrodt PLC COM G5785G107 4 84 SH   SOLE   84 0 0
Manpower Inc. COM 56418H100 434 4,885 SH   SOLE   4,885 0 0
Manulife Financial Corp. COM 56501R106 1,015 56,953 SH   SOLE   53,620 3,333 0
Marathon Petroleum Corp COM 56585a102 60 1,198 SH   SOLE   1,198 0 0
Mckesson Corporation COM 58155Q103 551 3,925 SH   SOLE   3,925 0 0
MERCK & CO. INC. COMMON STOCK COM 58933Y105 42 710 SH   SOLE   710 0 0
Meritage Corp. COM 59001A102 461 13,260 SH   SOLE   13,260 0 0
Meritor Inc. COM 59001K100 4 286 SH   SOLE   286 0 0
METLIFE INC COMMON STOCK USD.0 COM 59156R108 2,131 39,551 SH   SOLE   38,281 1,270 0
MFA FINANCIAL INC REIT USD.01 COM 55272X102 460 60,241 SH   SOLE   60,241 0 0
Michael Kors Holdings Ltd. COM G60754101 4 101 SH   SOLE   101 0 0
MICROSEMI CORPORATION COM 595137100 19 343 SH   SOLE   343 0 0
Minerals Technologies Com COM 603158106 18 238 SH   SOLE   238 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 5 583 SH   SOLE   583 0 0
Morgan Stanley COM 617446448 76 1,400 SH   SOLE   1,400 0 0
Movado Group Inc. COM 624580106 2 82 SH   SOLE   82 0 0
National General Holdings Corp COM 636220303 504 20,164 SH   SOLE   20,164 0 0
Navient Corp COM 63938C108 458 27,867 SH   SOLE   27,867 0 0
NCR Corp COM 62886E108 505 12,447 SH   SOLE   12,447 0 0
NETAPP INC COM 64110D104 21 600 SH   SOLE   600 0 0
NETSCOUT SYSTEMS INC COM 64115T104 12 388 SH   SOLE   388 0 0
Neustar Inc. Class A COM 64126X201 554 16,576 SH   SOLE   16,576 0 0
New Residential Investment COM 64828T201 461 29,302 SH   SOLE   29,302 0 0
NEWFIELD EXPLORATION CO COMMON COM 651290108 143 3,530 SH   SOLE   3,530 0 0
NEWMONT MINING CORP COM 651639106 926 27,167 SH   SOLE   25,937 1,230 0
NOBLE ENERGY INC COMMON STOCK COM 655044105 1,040 27,316 SH   SOLE   26,093 1,223 0
Nomura Hldg Inc Spons- ADR COM 65535H208 8 1,294 SH   SOLE   1,294 0 0
Nordstrom Inc. COM 655664100 6 133 SH   SOLE   133 0 0
Northstar Asset Management COM 66705Y104 16 1,044 SH   SOLE   1,044 0 0
Norwegian Cruise Line Holdings COM G66721104 421 9,903 SH   SOLE   9,903 0 0
NU SKIN ENTERPRS A $.001 COM 67018T105 15 306 SH   SOLE   306 0 0
Nuance Communications, Inc. COM 67020Y100 415 27,834 SH   SOLE   27,834 0 0
NXP Semiconductors NV COM N6596X109 1,180 12,037 SH   SOLE   11,494 543 0
OCCIDENTAL PETE CORP COM 674599105 1,206 16,926 SH   SOLE   16,107 819 0
OCH ZIFF CAP MGMT GRP CL A COM 67551U105 2 675 SH   SOLE   675 0 0
Office Depot, Inc. COM 676220106 539 119,236 SH   SOLE   119,236 0 0
OLD NATIONAL BANCORP COM 680033107 538 29,621 SH   SOLE   29,621 0 0
Old Republic Intl Corp COM 680223104 411 21,613 SH   SOLE   21,613 0 0
On Assignment, Inc. COM 682159108 503 11,391 SH   SOLE   11,391 0 0
On Semiconductor Cort COM 682189105 28 2,153 SH   SOLE   2,153 0 0
Onemain Holdings Inc. COM 68268w103 362 16,331 SH   SOLE   16,331 0 0
Opus Bank COM 684000102 172 5,729 SH   SOLE   5,729 0 0
Oracle Corp COM 68389X105 1,183 30,764 SH   SOLE   29,131 1,633 0
ORANGE-SPON ADR COM 684060106 5 300 SH   SOLE   300 0 0
Orbital ATK Inc. COM 68557N103 595 6,781 SH   SOLE   6,781 0 0
ORIX SPONSORED ADR COM 686330101 6 77 SH   SOLE   77 0 0
OWENS ILLINOIS INC COMMON STOC COM 690768403 444 25,521 SH   SOLE   25,521 0 0
PACCAR INC COMMON STOCK USD1.0 COM 693718108 526 8,238 SH   SOLE   8,238 0 0
Packaging Corp. of America COM 695156109 14 167 SH   SOLE   167 0 0
Party City Holdco Inc. COM 702149105 3 218 SH   SOLE   218 0 0
PBF ENERGY INC-CLASS A COM 69318G106 16 567 SH   SOLE   567 0 0
PEARSON SPONSORED ADR COM 705015105 4 428 SH   SOLE   428 0 0
Pennymac Mortgage Investment COM 70931t103 3 181 SH   SOLE   181 0 0
Penske Auto Group COM 70959w103 455 8,785 SH   SOLE   8,785 0 0
PFIZER INCORPORATED COM 717081103 614 18,901 SH   SOLE   18,901 0 0
Phillips 66 COM 718546104 785 9,087 SH   SOLE   8,593 494 0
Pilgrims Pride Corp COM 72147K108 386 20,341 SH   SOLE   20,341 0 0
PIONEER NATURAL RESOURCES CO C COM 723787107 251 1,396 SH   SOLE   1,396 0 0
PITNEY BOWES INC COM 724479100 408 26,840 SH   SOLE   26,840 0 0
Plains GP Holdings-CL A COM 72651a108 1,658 47,808 SH   SOLE   45,461 2,347 0
PLANTRONICS INC COM 727493108 12 221 SH   SOLE   221 0 0
Platform Specialty Products COM 72766Q105 13 1,352 SH   SOLE   1,352 0 0
Plexus Corp COM 729132100 12 218 SH   SOLE   218 0 0
PNC FINL SERVICES GP INC COM 693475105 2,543 21,742 SH   SOLE   20,987 755 0
Polaris Inds Inc Com COM 731068102 15 184 SH   SOLE   184 0 0
Polyone Corp Com COM 73179P106 10 306 SH   SOLE   306 0 0
Primerica Inc COM 74164m108 525 7,590 SH   SOLE   7,590 0 0
PRINCIPAL FINANCIAL GROUP COMM COM 74251V102 469 8,098 SH   SOLE   8,098 0 0
Prosperity Bancshares Inc. COM 743606105 489 6,815 SH   SOLE   6,815 0 0
PRUDENTIAL FINANCIAL INC COMMO COM 744320102 2,096 20,145 SH   SOLE   19,400 745 0
Prudential PLC ADR COM 74435K204 6 141 SH   SOLE   141 0 0
PUBLIC SERVICE ENTERPRISE GP C COM 744573106 43 982 SH   SOLE   982 0 0
Pulte Homes, Inc COM 745867101 399 21,692 SH   SOLE   21,692 0 0
QORVO INC. COM 74736k101 397 7,526 SH   SOLE   7,526 0 0
QUALCOMM INC COMMON STOCK USD. COM 747525103 1,116 17,118 SH   SOLE   16,335 783 0
QUANTA SERVICES INC COMMON STO COM 74762E102 1,319 37,850 SH   SOLE   35,697 2,153 0
Quest Diagnostics Inc. COM 74834L100 1,089 11,851 SH   SOLE   11,169 682 0
Quorum Health Corp COM 74909E106 1 140 SH   SOLE   140 0 0
Radian Group Inc. COM 750236101 541 30,067 SH   SOLE   30,067 0 0
Regal Beloit Corp. COM 758750103 342 4,935 SH   SOLE   4,935 0 0
Regions Financial Corp. New COM 7591ep100 537 37,414 SH   SOLE   37,414 0 0
Reinsurance Group Of America I COM 759351604 463 3,683 SH   SOLE   3,683 0 0
RELIANCE STEEL & ALUMINUM COMM COM 759509102 15 182 SH   SOLE   182 0 0
RIO Tinto PLC, Spon ADR COM 767204100 793 20,621 SH   SOLE   20,341 280 0
ROBERT HALF INTL INC COMMON ST COM 770323103 334 6,836 SH   SOLE   6,836 0 0
Royal Bank of Canada COM 780087102 1,093 16,142 SH   SOLE   16,142 0 0
Royal Carribean Cruises COM V7780T103 466 5,680 SH   SOLE   5,680 0 0
ROYAL DUTCH SHELL PLC ADR ADR COM 780259206 0 5 SH   SOLE   5 0 0
RPC Inc. COM 749660106 152 7,650 SH   SOLE   7,650 0 0
RYDER SYSTEM INC COM 783549108 460 6,178 SH   SOLE   6,178 0 0
Sanmina Corp COM 801056102 548 14,947 SH   SOLE   14,947 0 0
Sanofi-ADR COM 80105N105 42 1,030 SH   SOLE   1,030 0 0
Sasol LTD Sponsored ADR COM 803866300 5 188 SH   SOLE   188 0 0
Scansource Inc COM 806037107 2 55 SH   SOLE   55 0 0
Schweitzer-Mauduit Com COM 808541106 9 187 SH   SOLE   187 0 0
SCRIPPS NETWORKS INTER CL A CO COM 811065101 448 6,281 SH   SOLE   6,281 0 0
Selective Ins Group Com COM 816300107 477 11,073 SH   SOLE   11,073 0 0
Sensata Technologies Holding COM N7902X106 6 141 SH   SOLE   141 0 0
SHINHAN FINANCIAL GP SPN ADR R COM 824596100 6 154 SH   SOLE   154 0 0
Signet Jewelers LTD COM G81276100 6 60 SH   SOLE   60 0 0
SILVER WHEATON CORP COM 828336107 166 8,596 SH   SOLE   8,596 0 0
Simmons First Nat'l Corp. - Cl COM 828730200 12 195 SH   SOLE   195 0 0
Skechers Usa Inc COM 830566105 490 19,943 SH   SOLE   19,943 0 0
Skywest, Inc. COM 830879102 496 13,617 SH   SOLE   13,617 0 0
Skyworks Solutions, Inc. COM 83088M102 1,960 26,256 SH   SOLE   25,240 1,016 0
SLM CORP COMMON STOCK USD.2 COM 78442P106 591 53,606 SH   SOLE   53,606 0 0
Smith & Wesson Holding Corpora COM 831756101 387 18,353 SH   SOLE   18,353 0 0
SOUTHWEST AIRLINES CO COMMON S COM 844741108 697 13,986 SH   SOLE   13,986 0 0
Spartannash Co. COM 847215100 4 103 SH   SOLE   103 0 0
Spectra Energy Partners LP COM 84756n109 423 9,229 SH   SOLE   9,229 0 0
SPIRIT AEROSYSTEMS HOLD CL A C COM 848574109 790 13,545 SH   SOLE   13,545 0 0
Sprit Airlines Inc COM 848577102 488 8,428 SH   SOLE   8,428 0 0
STAPLES INC COM 855030102 595 65,738 SH   SOLE   65,738 0 0
Starwood Property Trust Inc COM 85571b105 277 12,603 SH   SOLE   12,603 0 0
State Street Corp COM 857477103 215 2,766 SH   SOLE   2,766 0 0
Steelcase Inc-Cl A COM 858155203 11 635 SH   SOLE   635 0 0
Stiefel Financial Corp COM 860630102 13 256 SH   SOLE   256 0 0
SUMITOMO MITSUI-SPONS ADR COM 86562M209 6 833 SH   SOLE   833 0 0
Sun Life Financial Inc. COM 866796105 6 146 SH   SOLE   146 0 0
SUNTRUST BANKS INC COM 867914103 2,603 47,460 SH   SOLE   45,961 1,499 0
SUPERVALU INC DEL COM COM 868536103 10 2,101 SH   SOLE   2,101 0 0
SYNAPTICS INC COM 87157D109 6 103 SH   SOLE   103 0 0
Synchronoss Technologies Inc. COM 87157B103 13 331 SH   SOLE   331 0 0
Synchrony Financial COM 87165b103 746 20,562 SH   SOLE   20,562 0 0
Synnex Corp. COM 87162w100 11 87 SH   SOLE   87 0 0
TARGET CORP COMMON STOCK USD.0 COM 87612E106 597 8,271 SH   SOLE   8,271 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 Financial Corp. Com COM 872275102 566 28,887 SH   SOLE   28,887 0 0
Tech Data Corp. COM 878237106 14 161 SH   SOLE   161 0 0
TEGNA INC. COM 87901J105 418 19,540 SH   SOLE   19,540 0 0
Tenneco Inc. COM 880349105 483 7,735 SH   SOLE   7,735 0 0
TERADATA CORP DEL COM COM 88076w103 258 9,501 SH   SOLE   9,501 0 0
Teva Pharmaceutical Industries COM 881624209 607 16,751 SH   SOLE   15,615 1,136 0
Texas Cap Bncshs COM 88224q107 19 238 SH   SOLE   238 0 0
THERMO FISHER SCIENTIFIC INC C COM 883556102 1,250 8,862 SH   SOLE   8,447 415 0
Thor Industries Inc COM 885160101 16 155 SH   SOLE   155 0 0
Time Inc. COM 887228104 14 775 SH   SOLE   775 0 0
TIME WARNER INC COMMON STOCK U COM 887317303 55 574 SH   SOLE   574 0 0
Timken Company COM 887389104 4 100 SH   SOLE   100 0 0
TIVO CORP COM 88870P106 478 22,889 SH   SOLE   22,889 0 0
Toll Brothers Inc Com COM 889478103 418 13,469 SH   SOLE   13,469 0 0
TORCHMARK CORP COMMON STOCK US COM 891027104 20 269 SH   SOLE   269 0 0
Toronto-Dominion Bank COM 891160509 1,106 22,405 SH   SOLE   22,405 0 0
Toyota Motor Corp. ADR COM 892331307 6 49 SH   SOLE   49 0 0
Travelcenters of America COM 894174101 151 21,262 SH   SOLE   21,262 0 0
TRAVELERS COS INC/THE COMMON S COM 89417E109 681 5,562 SH   SOLE   5,562 0 0
Tri Pointe Group Inc. COM 87265h109 19 1,661 SH   SOLE   1,661 0 0
TRIMAS CORP COM 896215209 3 122 SH   SOLE   122 0 0
Trinseo SA COM L9340P101 459 7,741 SH   SOLE   7,741 0 0
Triumph Group Inc New Com COM 896818101 10 368 SH   SOLE   368 0 0
Total SA ADR com 89151E109 1,143 22,426 SH   SOLE   21,137 1,289 0
Trustco Bank Corp. NY COM 898349105 3 366 SH   SOLE   366 0 0
Trustmark Corp. COM 898402102 13 357 SH   SOLE   357 0 0
TTM Technologies COM 87305r109 4 323 SH   SOLE   323 0 0
Turkcell iletism adr COM 900111204 4 570 SH   SOLE   570 0 0
TUTOR PERINI CORP COM 901109108 228 8,150 SH   SOLE   8,150 0 0
Twenty-First Century Fox-A COM 90130A101 621 22,160 SH   SOLE   22,160 0 0
Two Harbors Investment Corp COM 90187B101 454 52,004 SH   SOLE   52,004 0 0
U S BANCORP DEL NEW COM 902973304 698 13,582 SH   SOLE   13,582 0 0
UBS AG COM H42097107 5 342 SH   SOLE   342 0 0
Umpqua Holdings Corp. COM 904214103 481 25,590 SH   SOLE   25,590 0 0
Union Pacific Corp COM 907818108 51 487 SH   SOLE   487 0 0
United Financial Bancorp Inc. COM 910304104 3 182 SH   SOLE   182 0 0
United Nat Foods Inc. COM 911163103 11 231 SH   SOLE   231 0 0
UNITED RENTALS INC COM COM 911363109 487 4,613 SH   SOLE   4,613 0 0
UNITED TECHNOLOGIES CORP COM 913017109 43 388 SH   SOLE   388 0 0
United Therapueutics Corp. COM 91307C102 21 146 SH   SOLE   146 0 0
Universal Insurance Holdings COM 91359V107 4 143 SH   SOLE   143 0 0
UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 473 10,776 SH   SOLE   10,776 0 0
USG CORP COM NEW COM 903293405 425 14,709 SH   SOLE   14,709 0 0
VALERO ENERGY CORP NEW COM 91913y100 1,350 19,752 SH   SOLE   18,632 1,120 0
VERIFONE HLDGS INC COM COM 92342Y109 319 17,966 SH   SOLE   17,966 0 0
Verint Systems Inc. COM 92343x100 8 235 SH   SOLE   235 0 0
VERIZON COMMUNICATIONS COM 92343v104 1,522 28,518 SH   SOLE   27,577 941 0
Viacom Inc - Class B COM 92553P201 1,167 33,254 SH   SOLE   32,295 959 0
VOYA FINANCIAL INC COM 929089100 482 12,294 SH   SOLE   12,294 0 0
Wabash National Corp. COM 929566107 3 186 SH   SOLE   186 0 0
Walker & Dunlop Inc. COM 93148p102 3 88 SH   SOLE   88 0 0
WASHINGTON FEDERAL INC SEATTLE COM 938824109 13 381 SH   SOLE   381 0 0
WELLS FARGO & CO NEW COM 949746101 2,737 49,656 SH   SOLE   47,227 2,429 0
WesBanco Inc. COM 950810101 12 271 SH   SOLE   271 0 0
Wesco Aircraft Holdings Inc. COM 950814103 10 680 SH   SOLE   680 0 0
Wesco Intl Inc Com COM 95082P105 17 252 SH   SOLE   252 0 0
WESTERN DIGITAL CORP COMMON ST COM 958102105 2,383 35,069 SH   SOLE   33,837 1,232 0
WESTERN UN CO COM 959802109 439 20,223 SH   SOLE   20,223 0 0
Westlake Chemical Corp COM 960413102 428 7,643 SH   SOLE   7,643 0 0
Westpac Banking Corp- ADR COM 961214301 5 230 SH   SOLE   230 0 0
WHIRLPOOL CORP COMMON STOCK US COM 963320106 450 2,473 SH   SOLE   2,473 0 0
Williams-Sonoma Inc. COM 969904101 266 5,494 SH   SOLE   5,494 0 0
WOLVERINE WORLD WIDE INC COM 978097103 14 633 SH   SOLE   633 0 0
Wyndham Worldwide Corp. COM 98310w108 432 5,658 SH   SOLE   5,658 0 0
XEROX CORP COMMON STOCK USD1.0 COM 984121103 383 43,907 SH   SOLE   43,907 0 0
YAMANA GOLD INC COM 98462y100 169 60,277 SH   SOLE   60,277 0 0
Zebra Technologies Cp Cl A COM 989207105 482 5,619 SH   SOLE   5,619 0 0
WADDELL & REED FINL CL A COM 930059100 307 15,720 SH   SOLE   15,720 0 0
Wal-Mart Stores COM 931142103 43 615 SH   SOLE   615 0 0