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
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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 1,347 22,381 SH   SOLE 1 22,381 0 0
AIRCASTLE LTD COM G0129K104 1,757 72,832 SH   SOLE 1 72,832 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 1,830 30,660 SH   SOLE 1 30,660 0 0
AMERIGAS PARTNERS L P UNIT L P INT 030975106 1,952 41,448 SH   SOLE 1 41,448 0 0
AMGEN INC COM 031162100 1,655 10,089 SH   SOLE 1 10,089 0 0
ARCONIC INC COM 03965L100 1,923 73,011 SH   SOLE 1 73,011 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 1,415 21,111 SH   SOLE 1 21,111 0 0
BB&T CORP COM 054937107 3,163 70,752 SH   SOLE 1 70,752 0 0
BORGWARNER INC COM 099724106 868 20,776 SH   SOLE 1 20,776 0 0
BUNGE LIMITED COM G16962105 692 8,728 SH   SOLE 1 8,728 0 0
CARDINAL HEALTH INC COM 14149Y108 1,622 19,886 SH   SOLE 1 19,886 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 1,886 27,807 SH   SOLE 1 27,807 0 0
CHEVRON CORP COM NEW 166764100 1,191 11,096 SH   SOLE 1 11,096 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,173 38,154 SH   SOLE 1 38,154 0 0
CINCINNATI FINL CORP COM 172062101 415 5,736 SH   SOLE 1 5,736 0 0
CINEMARK HOLDINGS INC COM 17243V102 2,178 49,121 SH   SOLE 1 49,121 0 0
CNA FINL CORP COM 126117100 633 14,334 SH   SOLE 1 14,334 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,565 23,066 SH   SOLE 1 23,066 0 0
COOPER TIRE & RUBR CO COM 216831107 1,857 41,873 SH   SOLE 1 41,873 0 0
COPA HOLDINGS SA CL A P31076105 2,066 18,406 SH   SOLE 1 18,406 0 0
CORNING INC COM 219350105 2,891 107,091 SH   SOLE 1 107,091 0 0
CREE INC COM 225447101 1,980 74,083 SH   SOLE 1 74,083 0 0
CSG SYS INTL INC COM 126349109 702 18,555 SH   SOLE 1 18,555 0 0
DEVRY ED GROUP INC COM 251893103 1,829 51,593 SH   SOLE 1 51,593 0 0
DOMTAR CORP COM NEW 257559203 1,726 47,257 SH   SOLE 1 47,257 0 0
DONALDSON INC COM 257651109 742 16,311 SH   SOLE 1 16,311 0 0
EMERSON ELEC CO COM 291011104 1,872 31,281 SH   SOLE 1 31,281 0 0
EXXON MOBIL CORP COM 30231G102 1,516 18,488 SH   SOLE 1 18,488 0 0
F M C CORP COM NEW 302491303 2,029 29,152 SH   SOLE 1 29,152 0 0
FASTENAL CO COM 311900104 3,130 60,785 SH   SOLE 1 60,785 0 0
GENTEX CORP COM 371901109 1,778 83,337 SH   SOLE 1 83,337 0 0
GEO GROUP INC NEW COM 36162J106 2,280 49,170 SH   SOLE 1 49,170 0 0
GERDAU S A SPON ADR REP PFD 373737105 1,066 308,944 SH   SOLE 1 308,944 0 0
GRANGER W W INC COM 384802104 1,661 7,136 SH   SOLE 1 7,136 0 0
INTEL CORP COM 458140100 1,663 46,097 SH   SOLE 1 46,097 0 0
INTERPUBLIC GROUP COS INC COM 460690100 374 15,220 SH   SOLE 1 15,220 0 0
IRON MTN INC NEW COM 46284V101 3,205 89,839 SH   SOLE 1 89,839 0 0
ISHARES TR MSCI INDIA ETF COM 46429B598 214 6,800 SH   DFND 1 0 6,800 0
ITRON INC COM 465741106 1,054 17,359 SH   SOLE 1 17,359 0 0
JABIL CIRCUIT INC COM 466313103 1,849 63,934 SH   SOLE 1 63,934 0 0
JOHNSON CTLS INTL PLC G51502105 1,871 44,429 SH   SOLE 1 44,429 0 0
JUNIPER NETWORKS INC COM 48203R104 2,974 106,878 SH   SOLE 1 106,878 0 0
KIMBERLY CLARK CORP COM 494368103 1,574 11,956 SH   SOLE 1 11,956 0 0
LKQ CORP COM 501889208 1,127 38,514 SH   SOLE 1 38,514 0 0
LEAR CORP COM NEW 521865204 1,203 8,497 SH   SOLE 1 8,497 0 0
LIONS GATE ENTMNT CORP CL A VTG 535919401 1,105 45,337 SH   SOLE 1 45,337 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 1,231 46,345 SH   SOLE 1 46,345 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,200 13,159 SH   SOLE 1 13,159 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,656 21,536 SH   SOLE 1 21,536 0 0
MARATHON PETE CORP COM 56585A102 2,605 51,542 SH   SOLE 1 51,542 0 0
MATTEL INC COM 577081102 2,260 88,251 SH   SOLE 1 88,251 0 0
MCDERMOTT INTL INC COM 580037109 1,515 224,446 SH   SOLE 1 224,446 0 0
METLIFE INC COM 59156R108 1,644 31,132 SH   SOLE 1 31,132 0 0
MICROSOFT CORP COM 594918104 3,370 51,168 SH   SOLE 1 51,168 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 2,115 24,536 SH   SOLE 1 24,536 0 0
NATIONAL CINEMEDIA INC COM 635309107 631 49,943 SH   SOLE 1 49,943 0 0
NATIONAL FUEL GAS CO N J COM 636180101 2,370 39,758 SH   SOLE 1 39,758 0 0
NEW YORK TIMES CO CL A 650111107 2,302 159,842 SH   SOLE 1 159,842 0 0
NORTHERN TR CORP COM 665859104 1,751 20,227 SH   SOLE 1 20,227 0 0
NOVO-NORDISK A S ADR 670100205 569 16,585 SH   SOLE 1 16,585 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,332 76,963 SH   SOLE 1 76,963 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,610 25,411 SH   SOLE 1 25,411 0 0
OFFICE DEPOT INC COM 676220106 2,110 452,202 SH   SOLE 1 452,202 0 0
OMNICOM GROUP INC COM 681919106 3,038 35,239 SH   SOLE 1 35,239 0 0
OWENS & MINOR INC NEW COM 690732102 1,506 43,529 SH   SOLE 1 43,529 0 0
PATTERSON COMPANIES INC COM 703395103 2,133 47,153 SH   SOLE 1 47,153 0 0
PEPSICO INC COM 713448108 1,074 9,598 SH   SOLE 1 9,598 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,670 13,893 SH   SOLE 1 13,893 0 0
POLARIS INDS INC COM 731068102 986 11,763 SH   SOLE 1 11,763 0 0
PRAXAIR INC COM 74005P104 2,686 22,649 SH   SOLE 1 22,649 0 0
PROSHARES TR PSHS LC COR PLUS COM 74347R248 6,410 109,760 SH   DFND 1 0 109,760 0
QUALCOMM INC COM 747525103 2,176 37,953 SH   SOLE 1 37,953 0 0
QUEST DIAGNOSTICS INC COM 74834L100 1,312 13,360 SH   SOLE 1 13,360 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 727 9,532 SH   SOLE 1 9,532 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,967 31,814 SH   SOLE 1 31,814 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,666 59,655 SH   SOLE 1 59,655 0 0
SCHOLASTIC CORP COM 807066105 1,026 24,111 SH   SOLE 1 24,111 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 1,805 41,334 SH   SOLE 1 41,334 0 0
STERICYCLE INC COM 858912108 2,643 31,886 SH   SOLE 1 31,886 0 0
TARGET CORP COM 87612E106 1,614 29,237 SH   SOLE 1 29,237 0 0
TE CONNECTIVITY LTD REG SHS H84989104 1,944 26,075 SH   SOLE 1 26,075 0 0
TECHNIPFMC PLC COM G87110105 1,552 47,747 SH   SOLE 1 47,747 0 0
TEGNA INC COM 87901J105 2,648 103,346 SH   SOLE 1 103,346 0 0
TERADATA CORP DEL COM 88076W103 2,436 78,279 SH   SOLE 1 78,279 0 0
THOMSON REUTERS CORP COM 884903105 2,055 47,531 SH   SOLE 1 47,531 0 0
TIME INC NEW COM 887228104 2,623 135,549 SH   SOLE 1 135,549 0 0
TIME WARNER INC COM NEW 887317303 1,161 11,883 SH   SOLE 1 11,883 0 0
TRANSMONTAIGNE PARTNERS L P COM UNIT L P 89376V100 944 21,122 SH   SOLE 1 21,122 0 0
TRANSOCEAN LTD REG SHS H8817H100 707 56,796 SH   SOLE 1 56,796 0 0
UNILEVER PLC SPON ADR NEW 904767704 1,757 35,602 SH   SOLE 1 35,602 0 0
UNION PAC CORP COM 907818108 2,109 19,912 SH   SOLE 1 19,912 0 0
UNISYS CORP COM NEW 909214306 1,104 79,129 SH   SOLE 1 79,129 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,666 15,526 SH   SOLE 1 15,526 0 0
UNITI GROUP INC COM 91325V108 1,240 47,986 SH   SOLE 1 47,986 0 0
US BANCORP DEL COM NEW 902973304 3,143 61,035 SH   SOLE 1 61,035 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,771 26,714 SH   SOLE 1 26,714 0 0
VAREX IMAGING GROUP COM 92214X106 369 10,975 SH   SOLE 1 10,975 0 0
VARIAN MED SYS INC COM 92220P105 2,533 27,790 SH   SOLE 1 27,790 0 0
VECTREN CORP COM 92240G101 722 12,318 SH   SOLE 1 12,318 0 0
VENTAS INC COM 92276F100 2,258 34,722 SH   SOLE 1 34,722 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,701 55,410 SH   SOLE 1 55,410 0 0
WAL-MART STORES INC COM 931142103 2,342 32,489 SH   SOLE 1 32,489 0 0
WELLS FARGO & CO NEW COM 949746101 1,775 31,899 SH   SOLE 1 31,899 0 0
WERNER ENTERPRISES INC COM 950755108 1,201 45,842 SH   SOLE 1 45,842 0 0
WESBANCO INC COM 950810101 807 21,172 SH   SOLE 1 21,172 0 0
WEYERHAEUSER CO COM 962166104 1,611 47,418 SH   SOLE 1 47,418 0 0
WHIRLPOOL CORP COM 963320106 1,164 6,794 SH   SOLE 1 6,794 0 0