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
AGCO CORP COM 001084102 1,589 27,455 SH   SOLE 1 27,455 0 0
AIRCASTLE LTD COM G0129K104 1,502 72,034 SH   SOLE 1 72,034 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 1,715 25,714 SH   SOLE 1 25,714 0 0
ALCOA INC COM 013817101 408 14,514 SH   SOLE 1 14,514 0 0
AMERIGAS PARTNERS L P UNIT L P INT 030975106 1,971 41,125 SH   SOLE 1 41,125 0 0
AMGEN INC COM 031162100 1,469 10,048 SH   SOLE 1 10,048 0 0
ARCONIC INC COM 03965L100 1,425 76,843 SH   SOLE 1 76,843 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 1,368 20,966 SH   SOLE 1 20,966 0 0
BB&T CORP COM 054937107 3,292 70,018 SH   SOLE 1 70,018 0 0
BORGWARNER INC COM 099724106 1,038 26,314 SH   SOLE 1 26,314 0 0
BUNGE LIMITED COM G16962105 589 8,154 SH   SOLE 1 8,154 0 0
CARDINAL HEALTH INC COM 14149Y108 1,421 19,739 SH   SOLE 1 19,739 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 1,772 27,606 SH   SOLE 1 27,606 0 0
CHEVRON CORP COM NEW 166764100 1,386 11,772 SH   SOLE 1 11,772 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 852 26,820 SH   SOLE 1 26,820 0 0
CINCINNATI FINL CORP COM 172062101 322 4,253 SH   SOLE 1 4,253 0 0
CINEMARK HOLDINGS INC COM 17243V102 1,867 48,683 SH   SOLE 1 48,683 0 0
CNA FINL CORP COM 126117100 587 14,144 SH   SOLE 1 14,144 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 1,205 47,414 SH   SOLE 1 47,414 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,794 22,898 SH   SOLE 1 22,898 0 0
COOPER TIRE & RUBR CO COM 216831107 1,254 32,287 SH   SOLE 1 32,287 0 0
COPA HOLDINGS SA CL A P31076105 2,366 26,046 SH   SOLE 1 26,046 0 0
CORNING INC COM 219350105 2,578 106,206 SH   SOLE 1 106,206 0 0
CREE INC COM 225447101 1,949 73,870 SH   SOLE 1 73,870 0 0
CSG SYS INTL INC COM 126349109 890 18,388 SH   SOLE 1 18,388 0 0
DEVRY ED GROUP INC COM 251893103 2,323 74,452 SH   SOLE 1 74,452 0 0
DINEEQUITY INC COM 254423106 1,020 13,242 SH   SOLE 1 13,242 0 0
DOMTAR CORP COM NEW 257559203 1,558 39,912 SH   SOLE 1 39,912 0 0
DONALDSON INC COM 257651109 691 16,416 SH   SOLE 1 16,416 0 0
EMERSON ELEC CO COM 291011104 1,729 31,017 SH   SOLE 1 31,017 0 0
EXXON MOBIL CORP COM 30231G102 1,771 19,623 SH   SOLE 1 19,623 0 0
F M C CORP COM NEW 302491303 1,945 34,381 SH   SOLE 1 34,381 0 0
FASTENAL CO COM 311900104 2,829 60,219 SH   SOLE 1 60,219 0 0
FMC TECHNOLOGIES INC COM 30249U101 1,753 49,351 SH   SOLE 1 49,351 0 0
GENTEX CORP COM 371901109 2,021 102,621 SH   SOLE 1 102,621 0 0
GEO GROUP INC NEW COM 36162J106 1,744 48,544 SH   SOLE 1 48,544 0 0
GERDAU S A SPON ADR REP PFD 373737105 1,064 338,878 SH   SOLE 1 338,878 0 0
GRANGER W W INC COM 384802104 1,619 6,973 SH   SOLE 1 6,973 0 0
INTEL CORP COM 458140100 1,659 45,736 SH   SOLE 1 45,736 0 0
INTERPUBLIC GROUP COS INC COM 460690100 465 19,874 SH   SOLE 1 19,874 0 0
IRON MTN INC NEW COM 46284V101 2,888 88,918 SH   SOLE 1 88,918 0 0
ISHARES TR MSCI INDIA ETF COM 46429B598 182 6,800 SH   DFND 1 0 6,800 0
ITRON INC COM 465741106 1,186 18,871 SH   SOLE 1 18,871 0 0
JABIL CIRCUIT INC COM 466313103 1,867 78,882 SH   SOLE 1 78,882 0 0
JOHNSON CTLS INTL PLC G51502105 1,470 35,700 SH   SOLE 1 35,700 0 0
JUNIPER NETWORKS INC COM 48203R104 3,059 108,242 SH   SOLE 1 108,242 0 0
KIMBERLY CLARK CORP COM 494368103 1,358 11,898 SH   SOLE 1 11,898 0 0
LEAR CORP COM NEW 521865204 1,552 11,721 SH   SOLE 1 11,721 0 0
LIONS GATE ENTMNT CORP CL A VTG 535919401 1,246 46,311 SH   SOLE 1 46,311 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 1,099 44,780 SH   SOLE 1 44,780 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,127 13,143 SH   SOLE 1 13,143 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,611 21,298 SH   SOLE 1 21,298 0 0
MATTEL INC COM 577081102 1,787 64,856 SH   SOLE 1 64,856 0 0
MCDERMOTT INTL INC COM 580037109 1,686 228,161 SH   SOLE 1 228,161 0 0
METLIFE INC COM 59156R108 1,658 30,771 SH   SOLE 1 30,771 0 0
MICROSOFT CORP COM 594918104 3,776 60,772 SH   SOLE 1 60,772 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 2,595 31,307 SH   SOLE 1 31,307 0 0
NATIONAL CINEMEDIA INC COM 635309107 727 49,376 SH   SOLE 1 49,376 0 0
NATIONAL FUEL GAS CO N J COM 636180101 1,838 32,444 SH   SOLE 1 32,444 0 0
NEW YORK TIMES CO CL A 650111107 2,266 170,353 SH   SOLE 1 170,353 0 0
NORTHERN TR CORP COM 665859104 1,868 20,975 SH   SOLE 1 20,975 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,148 77,026 SH   SOLE 1 77,026 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,920 26,956 SH   SOLE 1 26,956 0 0
OFFICE DEPOT INC COM 676220106 1,925 425,841 SH   SOLE 1 425,841 0 0
OMNICOM GROUP INC COM 681919106 2,970 34,893 SH   SOLE 1 34,893 0 0
OWENS & MINOR INC NEW COM 690732102 1,523 43,147 SH   SOLE 1 43,147 0 0
PATTERSON COMPANIES INC COM 703395103 1,448 35,281 SH   SOLE 1 35,281 0 0
PEPSICO INC COM 713448108 995 9,505 SH   SOLE 1 9,505 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,220 27,528 SH   SOLE 1 27,528 0 0
POLARIS INDS INC COM 731068102 971 11,785 SH   SOLE 1 11,785 0 0
PRAXAIR INC COM 74005P104 2,641 22,534 SH   SOLE 1 22,534 0 0
PROSHARES TR PSHS LC COR PLUS COM 74347R248 7,556 136,760 SH   DFND 1 0 136,760 0
QUALCOMM INC COM 747525103 2,445 37,504 SH   SOLE 1 37,504 0 0
QUEST DIAGNOSTICS INC COM 74834L100 1,325 14,423 SH   SOLE 1 14,423 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 1,043 15,052 SH   SOLE 1 15,052 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,985 31,502 SH   SOLE 1 31,502 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,454 59,561 SH   SOLE 1 59,561 0 0
SCHOLASTIC CORP COM 807066105 1,144 24,082 SH   SOLE 1 24,082 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 1,872 40,844 SH   SOLE 1 40,844 0 0
STERICYCLE INC COM 858912108 2,029 26,331 SH   SOLE 1 26,331 0 0
TARGET CORP COM 87612E106 2,090 28,938 SH   SOLE 1 28,938 0 0
TE CONNECTIVITY LTD REG SHS H84989104 1,804 26,034 SH   SOLE 1 26,034 0 0
TEGNA INC COM 87901J105 2,254 105,376 SH   SOLE 1 105,376 0 0
TERADATA CORP DEL COM 88076W103 1,990 73,239 SH   SOLE 1 73,239 0 0
THOMSON REUTERS CORP COM 884903105 2,059 47,033 SH   SOLE 1 47,033 0 0
TIME INC NEW COM 887228104 2,466 138,146 SH   SOLE 1 138,146 0 0
TIME WARNER INC COM NEW 887317303 1,148 11,893 SH   SOLE 1 11,893 0 0
TRANSMONTAIGNE PARTNERS L P COM UNIT L P 89376V100 933 21,085 SH   SOLE 1 21,085 0 0
TRANSOCEAN LTD REG SHS H8817H100 818 55,470 SH   SOLE 1 55,470 0 0
UNILEVER PLC SPON ADR NEW 904767704 1,434 35,227 SH   SOLE 1 35,227 0 0
UNION PAC CORP COM 907818108 2,047 19,748 SH   SOLE 1 19,748 0 0
UNISYS CORP COM NEW 909214306 1,165 77,930 SH   SOLE 1 77,930 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,780 15,525 SH   SOLE 1 15,525 0 0
UNITED STATES STL CORP NEW COM 912909108 264 8,006 SH   SOLE 1 8,006 0 0
US BANCORP DEL COM NEW 902973304 3,105 60,443 SH   SOLE 1 60,443 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,945 28,462 SH   SOLE 1 28,462 0 0
VARIAN MED SYS INC COM 92220P105 2,254 25,106 SH   SOLE 1 25,106 0 0
VECTREN CORP COM 92240G101 636 12,187 SH   SOLE 1 12,187 0 0
VENTAS INC COM 92276F100 2,139 34,213 SH   SOLE 1 34,213 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,932 54,936 SH   SOLE 1 54,936 0 0
WAL-MART STORES INC COM 931142103 2,223 32,158 SH   SOLE 1 32,158 0 0
WELLS FARGO & CO NEW COM 949746101 1,745 31,658 SH   SOLE 1 31,658 0 0
WERNER ENTERPRISES INC COM 950755108 1,247 46,279 SH   SOLE 1 46,279 0 0
WESBANCO INC COM 950810101 902 20,950 SH   SOLE 1 20,950 0 0
WESTERN UN CO COM 959802109 1,896 87,294 SH   SOLE 1 87,294 0 0
WEYERHAEUSER CO COM 962166104 1,417 47,095 SH   SOLE 1 47,095 0 0
WHIRLPOOL CORP COM 963320106 1,101 6,057 SH   SOLE 1 6,057 0 0