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 8,268 123,055 SH   SOLE   108,934 0 14,121
ALTRIA GROUP INC COM 02209s103 2,011 41,112 SH   SOLE   35,633 0 5,479
AMERISAFE INC COM 03071h100 282 5,991 SH   SOLE   4,848 0 1,143
APPLIED INDL TECHNOLOGIES IN COM 03820c105 2,035 51,334 SH   SOLE   43,560 0 7,774
AT&T INC COM 00206r102 3,165 89,113 SH   SOLE   76,211 0 12,902
AUTOZONE INC COM 053332102 3,059 4,587 SH   SOLE   4,012 0 575
B/E AEROSPACE INC COM 073302101 2,939 53,532 SH   SOLE   46,554 0 6,978
BANK AMER CORP COM 060505104 3,366 197,770 SH   SOLE   171,453 0 26,317
BOEING CO COM 097023105 1,537 11,079 SH   SOLE   10,541 0 538
BP PLC SPONSORED ADR 055622104 2,221 55,586 SH   SOLE   47,249 0 8,337
CABOT CORP COM 127055101 257 6,886 SH   SOLE   5,646 0 1,240
CAPITAL ONE FINL CORP COM 14040H105 6,328 71,934 SH   SOLE   65,021 0 6,913
CATHAY GEN BANCORP COM 149150104 786 24,210 SH   SOLE   24,210 0 0
CBS CORP NEW CL B 124857202 4,829 87,016 SH   SOLE   77,550 0 9,466
CHESAPEAKE ENERGY CORP PFD CONV 165167842 2,171 29,262 SH   SOLE   25,168 0 4,094
CHEVRON CORP NEW COM 166764100 1,882 19,512 SH   SOLE   16,792 0 2,720
CITIGROUP INC COM NEW 172967424 4,015 72,691 SH   SOLE   64,857 0 7,834
CLEARBRIDGE ENERGY MLP OPP F COM 18469P100 262 14,000 SH   SOLE   14,000 0 0
COBIZ FINANCIAL INC COM 190897108 376 28,779 SH   SOLE   23,747 0 5,032
COHERENT INC COM 192479103 281 4,421 SH   SOLE   3,550 0 871
COMMUNITY HEALTH SYS INC NEW COM 203668108 3,695 58,682 SH   SOLE   51,046 0 7,636
CRACKER BARREL OLD CTRY STOR COM 22410J106 2,314 15,516 SH   SOLE   13,436 0 2,080
CVS HEALTH CORP COM 126650100 6,158 58,711 SH   SOLE   53,296 0 5,415
CYNOSURE INC CL A 232577205 382 9,905 SH   SOLE   8,100 0 1,805
DAKTRONICS INC COM 234264109 2,597 218,982 SH   SOLE   185,771 0 33,211
DIGITAL RLTY TR INC COM 253868103 1,787 26,802 SH   SOLE   22,889 0 3,913
DYNAMIC MATLS CORP COM 267888105 146 13,241 SH   SOLE   10,605 0 2,636
E M C CORP MASS COM 268648102 4,007 151,831 SH   SOLE   135,966 0 15,865
EATON CORP PLC SHS G29183103 7,288 107,982 SH   SOLE   95,772 0 12,210
EMERSON ELEC CO COM 291011104 2,494 44,992 SH   SOLE   38,572 0 6,420
ENCORE CAP GROUP INC COM 292554102 243 5,675 SH   SOLE   4,722 0 953
ENERSYS COM 29275y102 400 5,684 SH   SOLE   4,691 0 993
EXACTECH INC COM 30064E109 287 13,788 SH   SOLE   11,357 0 2,431
EXPRESS SCRIPTS HLDG CO COM 30219g108 4,483 50,401 SH   SOLE   44,387 0 6,014
EXXON MOBIL CORP COM 30231g102 322 3,870 SH   SOLE   3,870 0 0
F5 NETWORKS INC COM 315616102 2,668 22,172 SH   SOLE   19,239 0 2,933
FEDEX CORP COM 31428x106 4,828 28,333 SH   SOLE   25,477 0 2,856
FIRST BUS FINL SVCS INC WIS COM 319390100 283 6,037 SH   SOLE   4,863 0 1,174
FIRST MERCHANTS CORP COM 320817109 332 13,424 SH   SOLE   10,804 0 2,620
FIRST SOLAR INC COM 336433107 2,491 53,031 SH   SOLE   46,127 0 6,904
FLUSHING FINL CORP COM 343873105 280 13,304 SH   SOLE   10,692 0 2,612
FORD MTR CO DEL COM PAR $0.01 345370860 7,402 493,140 SH   SOLE   437,196 0 55,944
GENERAL ELECTRIC CO COM 369604103 5,293 199,204 SH   SOLE   178,142 0 21,062
GENERAL MTRS CO COM 37045v100 2,590 77,702 SH   SOLE   66,781 0 10,921
GENTHERM INC COM 37253a103 306 5,576 SH   SOLE   4,525 0 1,051
GRAINGER W W INC COM 384802104 1,504 6,354 SH   SOLE   6,019 0 335
HAYNES INTERNATIONAL INC COM NEW 420877201 215 4,350 SH   SOLE   3,492 0 858
HEALTH CARE REIT INC COM 42217k106 1,743 26,564 SH   SOLE   22,856 0 3,708
HERITAGE FINL CORP WASH COM 42722x106 293 16,403 SH   SOLE   13,126 0 3,277
HOSPITALITY PPTYS TR COM SH BEN INT 44106m102 2,092 72,605 SH   SOLE   62,270 0 10,335
II VI INC COM 902104108 308 16,209 SH   SOLE   13,248 0 2,961
INTL PAPER CO COM 460146103 2,436 51,184 SH   SOLE   43,644 0 7,540
ISHARES U.S. PFD STK ETF 464288687 3,868 98,742 SH   SOLE   84,346 0 14,396
ISHARES TR IBOXX INV CP ETF 464287242 323 2,794 SH   SOLE   2,390 0 404
JABIL CIRCUIT INC COM 466313103 4,197 197,157 SH   SOLE   177,705 0 19,452
JOHNSON & JOHNSON COM 478160104 4,408 45,231 SH   SOLE   39,970 0 5,261
JPMORGAN CHASE & CO COM 46625h100 7,831 115,575 SH   SOLE   102,564 0 13,011
KELLY SVCS INC CL A 488152208 329 21,402 SH   SOLE   17,648 0 3,754
LAKELAND FINL CORP COM 511656100 352 8,107 SH   SOLE   6,559 0 1,548
LANDEC CORP COM 514766104 269 18,676 SH   SOLE   15,071 0 3,605
LANNET INC COM 516012101 327 5,501 SH   SOLE   4,512 0 989
LOCKHEED MARTIN CORP COM 539830109 2,378 12,793 SH   SOLE   11,037 0 1,756
MATRIX SVC CO COM 576853105 269 14,717 SH   SOLE   12,033 0 2,684
MENTOR GRAPHICS CORP COM 587200106 398 15,059 SH   SOLE   12,273 0 2,786
METHODE ELECTRS INC COM 591520200 207 7,525 SH   SOLE   6,093 0 1,432
MODINE MFG CO COM 607828100 206 19,210 SH   SOLE   15,387 0 3,823
MOHAWK INDS INC COM 608190104 2,720 14,246 SH   SOLE   12,478 0 1,768
NATIONAL FUEL GAS CO N J COM 636180101 219 3,723 SH   SOLE   3,016 0 707
NORWEGIAN CRUISE LINE HLDGS SHS g66721104 2,884 51,457 SH   SOLE   44,157 0 7,300
OCEANEERING INTL INC COM 675232102 2,285 49,054 SH   SOLE   42,762 0 6,292
ORACLE CORP COM 68389x105 4,010 99,496 SH   SOLE   89,731 0 9,765
PENSKE AUTOMOTIVE GRP INC COM 70959w103 4,359 83,659 SH   SOLE   76,825 0 6,834
PHOTRONICS INC COM 719405102 238 25,005 SH   SOLE   20,520 0 4,485
POLARIS INDS INC COM 731068102 5,384 36,354 SH   SOLE   32,611 0 3,743
PRA GROUP INC COM 69354n106 243 3,904 SH   SOLE   3,163 0 741
PRECISION CASTPARTS CORP COM 740189105 2,229 11,151 SH   SOLE   9,718 0 1,433
PROCTER & GAMBLE CO COM 742718109 2,800 35,784 SH   SOLE   30,618 0 5,166
PRUDENTIAL FINL INC COM 744320102 8,047 91,949 SH   SOLE   81,474 0 10,475
QUALCOMM INC COM 747525103 7,678 122,588 SH   SOLE   108,412 0 14,176
QUANTA SVCS INC COM 74762E102 2,773 96,214 SH   SOLE   82,853 0 13,361
RLJ LODGING TR COM 74965L101 4,035 135,484 SH   SOLE   119,940 0 15,544
ROFIN SINAR TECHNOLOGIES INC COM 775043102 292 10,574 SH   SOLE   8,542 0 2,032
RYDER SYS INC COM 783549108 3,661 41,902 SH   SOLE   37,646 0 4,256
SCANSOURCE INC COM 806037107 277 7,281 SH   SOLE   5,833 0 1,448
SERVICE CORP INTL COM 817565104 308 10,460 SH   SOLE   8,562 0 1,898
SOUTHWEST AIRLS CO COM 844741108 2,462 74,394 SH   SOLE   64,729 0 9,665
SPDR S&P 500 ETF TR TR UNIT 78462f103 486 2,363 SH   SOLE   2,363 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464a417 3,838 99,858 SH   SOLE   87,448 0 12,410
STAGE STORES INC COM NEW 85254c305 1,765 100,661 SH   SOLE   85,436 0 15,225
STANLEY BLACK & DECKER INC COM 854502101 4,290 40,764 SH   SOLE   36,785 0 3,979
STEEL DYNAMICS INC COM 858119100 6,679 322,425 SH   SOLE   283,723 0 38,702
STEELCASE INC CL A 858155203 1,798 95,084 SH   SOLE   87,978 0 7,106
STRYKER CORP COM 863667101 1,366 14,294 SH   SOLE   13,523 0 771
SUPER MICRO COMPUTER INC COM 86800u104 264 8,936 SH   SOLE   7,187 0 1,749
SWIFT TRANSN CO CL A 87074u101 2,411 106,369 SH   SOLE   92,517 0 13,852
SYKES ENTERPRISES INC COM 871237103 347 14,290 SH   SOLE   11,771 0 2,519
SYNAPTICS INC COM 87157d109 297 3,419 SH   SOLE   2,828 0 591
TARGET CORP COM 87612E106 5,474 67,060 SH   SOLE   59,960 0 7,100
TE CONNECTIVITY LTD REG SHS h84989104 4,330 67,333 SH   SOLE   60,659 0 6,674
TERADATA CORP DEL COM 88076w103 1,750 47,287 SH   SOLE   41,007 0 6,280
THOR INDS INC COM 885160101 2,211 39,292 SH   SOLE   36,571 0 2,721
TRINITY INDS INC COM 896522109 4,454 168,534 SH   SOLE   150,813 0 17,721
TYSON FOODS INC CL A 902494103 4,374 102,604 SH   SOLE   91,945 0 10,659
UMPQUA HLDGS CORP COM 904214103 5,246 291,603 SH   SOLE   259,070 0 32,533
UNION PAC CORP COM 907818108 3,787 39,705 SH   SOLE   35,671 0 4,034
UNITED PARCEL SERVICE INC CL B 911312106 1,994 20,573 SH   SOLE   17,619 0 2,954
UNITED RENTALS INC COM 911363109 2,458 28,051 SH   SOLE   24,411 0 3,640
UNITEDHEALTH GROUP INC COM 91324p102 4,670 38,281 SH   SOLE   35,316 0 2,965
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206c870 832 9,755 SH   SOLE   8,949 0 806
VERIZON COMMUNICATIONS INC COM 92343v104 7,277 156,130 SH   SOLE   137,701 0 18,429
VISHAY INTERTECHNOLOGY INC COM 928298108 270 23,108 SH   SOLE   19,021 0 4,087
WESTERN DIGITAL CORP COM 958102105 3,479 44,359 SH   SOLE   40,024 0 4,335
WHIRLPOOL CORP COM 963320106 3,390 19,591 SH   SOLE   17,451 0 2,140
WILSHIRE BANCORP INC COM 97186t108 387 30,645 SH   SOLE   25,430 0 5,215
WINNEBAGO INDS INC COM 974637100 232 9,822 SH   SOLE   7,875 0 1,947