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
AbbVie Inc. COM 00287Y109 6,694 92,312 SH   SOLE   92,312 0 0
Accenture PLC SHS CL A G1151C101 7,753 62,682 SH   SOLE   62,682 0 0
Activision Blizzard Inc. COM 00507V109 13,584 235,953 SH   SOLE   235,953 0 0
Adtalem Global Education Inc. COM 00737L103 2,818 74,245 SH   SOLE   74,245 0 0
Aetna Inc. COM 00817Y108 9,089 59,861 SH   SOLE   59,861 0 0
AFLAC Inc. COM 001055102 5,442 70,059 SH   SOLE   70,059 0 0
Air Lease Corp. CL A 00912X302 694 18,579 SH   SOLE   18,579 0 0
Aircastle Limited COM G0129K104 574 26,401 SH   SOLE   26,401 0 0
Akamai Technologies Inc. COM 00971T101 606 12,176 SH   SOLE   12,176 0 0
Alaska Air Group Inc. COM 011659109 5,345 59,549 SH   SOLE   59,549 0 0
Alibaba Group Holding Ltd. Spo SPONSORED ADR 01609W102 1,971 13,988 SH   SOLE   13,988 0 0
Alphabet Inc. Cl A CAP STK CL A 02079K305 862 927 SH   SOLE   927 0 0
Amdocs Ltd. COM G02602103 3,489 54,121 SH   SOLE   54,121 0 0
American Airlines Group Inc. COM 02376R102 8,123 161,435 SH   SOLE   161,435 0 0
American Axle & Manufacturing COM 024061103 2,851 182,783 SH   SOLE   182,783 0 0
Ameriprise Financial Inc. COM 03076C106 4,600 36,141 SH   SOLE   36,141 0 0
Amgen Inc. COM 031162100 5,847 33,947 SH   SOLE   33,947 0 0
Amkor Technology Inc. COM 031652100 796 81,498 SH   SOLE   81,498 0 0
Anthem Inc COM 036752103 8,548 45,435 SH   SOLE   45,435 0 0
Applied Materials Inc. COM 038222105 13,424 324,969 SH   SOLE   324,969 0 0
Aptargroup Inc COM 038336103 6,271 72,201 SH   SOLE   72,201 0 0
Arrow Electronics Inc. COM 042735100 8,822 112,493 SH   SOLE   112,493 0 0
AU Optronics Corp. ADS SPONSORED ADR 002255107 133 29,124 SH   SOLE   29,124 0 0
Avnet Inc. COM 053807103 5,741 147,659 SH   SOLE   147,659 0 0
Banco Bradesco S.A. SP ADR PFD NEW 059460303 3,439 404,608 SH   SOLE   404,608 0 0
Banco Macro SA Sponsored ADR C SPON ADR B 05961W105 2,226 24,149 SH   SOLE   24,149 0 0
BanColombia S.A. ADS SPON ADR PREF 05968L102 3,446 77,352 SH   SOLE   77,352 0 0
Bank of New York Mellon Corp. COM 064058100 4,484 87,890 SH   SOLE   87,890 0 0
BB&T Corp. COM 054937107 4,329 95,328 SH   SOLE   95,328 0 0
Bed Bath & Beyond Inc. COM 075896100 2,612 85,915 SH   SOLE   85,915 0 0
Benchmark Electronics Inc. COM 08160H101 3,720 115,156 SH   SOLE   115,156 0 0
Berry Global Group Inc COM 08579W103 6,021 105,607 SH   SOLE   105,607 0 0
BGC Partners, Inc. Class A CL A 05541T101 606 47,931 SH   SOLE   47,931 0 0
Biogen Inc. COM 09062X103 5,172 19,060 SH   SOLE   19,060 0 0
Borgwarner Inc Com COM 099724106 5,538 130,734 SH   SOLE   130,734 0 0
Braskem S/A (ADS) SP ADR PFD A 105532105 341 16,435 SH   SOLE   16,435 0 0
CACI International Inc. (Cl A) CL A 127190304 2,969 23,743 SH   SOLE   23,743 0 0
CalAtlantic Group Inc. COM 128195104 5,562 157,342 SH   SOLE   157,342 0 0
Canadian National Railway Co. COM 136375102 4,911 60,591 SH   SOLE   60,591 0 0
Carnival Corp. UNIT 99/99/9999 143658300 9,090 138,627 SH   SOLE   138,627 0 0
Celestica Inc SUB VTG SHS 15101Q108 142 10,464 SH   SOLE   10,464 0 0
Centene Corp. COM 15135B101 7,062 88,412 SH   SOLE   88,412 0 0
CGI Group Inc. Class A CL A SUB VTG 39945c109 2,587 50,658 SH   SOLE   50,658 0 0
Changyou.com Ltd. Sponsored AD ADS REP CL A 15911M107 531 13,700 SH   SOLE   13,700 0 0
China Mobile Ltd. ADS SPONSORED ADR 16941M109 1,084 20,418 SH   SOLE   20,418 0 0
China Southern Airlines Co. Lt SPON ADR CL H 169409109 294 7,103 SH   SOLE   7,103 0 0
Cigna Corporation COM 125509109 5,912 35,321 SH   SOLE   35,321 0 0
Cirrus Logic Inc. COM 172755100 3,223 51,393 SH   SOLE   51,393 0 0
CIT Group Inc. COM NEW 125581801 4,956 101,756 SH   SOLE   101,756 0 0
Citigroup Inc. COM NEW 172967424 3,755 56,150 SH   SOLE   56,150 0 0
Citizens Financial Group, Inc. COM 174610105 3,905 109,447 SH   SOLE   109,447 0 0
CNO Financial Group Inc. COM 12621E103 3,880 185,817 SH   SOLE   185,817 0 0
Cognizant Technology Solutions COM 192446102 3,573 53,812 SH   SOLE   53,812 0 0
Companhia de Saneamento Basico SPONSORED ADR 20441A102 259 27,223 SH   SOLE   27,223 0 0
Convergys Corp. COM 212485106 2,343 98,511 SH   SOLE   98,511 0 0
Cooper Tire & Rubber Co. COM 216831107 3,581 99,208 SH   SOLE   99,208 0 0
Cooper-Standard Holdings Inc. COM 21676P103 3,392 33,624 SH   SOLE   33,624 0 0
Corning Inc. COM 219350105 753 25,056 SH   SOLE   25,056 0 0
Credicorp Ltd. COM G2519Y108 3,962 22,086 SH   SOLE   22,086 0 0
Crown Holdings Inc. COM 228368106 7,044 118,063 SH   SOLE   118,063 0 0
CSX Corp. COM 126408103 7,112 130,358 SH   SOLE   130,358 0 0
CurrencyShares Japanese Yen Tr JAPANESE YEN 23130A102 26,594 310,933 SH   SOLE   310,933 0 0
D.R. Horton Inc. COM 23331A109 8,764 253,527 SH   SOLE   253,527 0 0
Delta Air Lines Inc. COM NEW 247361702 11,361 211,413 SH   SOLE   211,413 0 0
Discovery Communications Inc. COM SER A 25470F104 2,919 113,001 SH   SOLE   113,001 0 0
Domtar Corp. COM NEW 257559203 569 14,798 SH   SOLE   14,798 0 0
DST Systems Inc. COM 233326107 4,775 77,384 SH   SOLE   77,384 0 0
Eagle Materials Inc. COM 26969P108 737 7,977 SH   SOLE   7,977 0 0
eBay Inc. COM 278642103 922 26,394 SH   SOLE   26,394 0 0
Electronic Arts Inc. COM 285512109 13,020 123,154 SH   SOLE   123,154 0 0
Enersis Chile S.A. Sponsored A SPON ADR 29278D105 82 14,848 SH   SOLE   14,848 0 0
Evercore Partners Inc. (Cl A) CLASS A 29977A105 4,066 57,671 SH   SOLE   57,671 0 0
Everest Re Group Ltd. COM G3223R108 912 3,584 SH   SOLE   3,584 0 0
Federated Investors Inc. CL B 314211103 2,967 105,041 SH   SOLE   105,041 0 0
Fiat Chrysler Automobiles N.V. SHS N31738102 769 72,304 SH   SOLE   72,304 0 0
Fibria Celulose S.A. (ADS) SP ADR REP COM 31573A109 408 40,174 SH   SOLE   40,174 0 0
Fifth Third Bancorp COM 316773100 4,089 157,506 SH   SOLE   157,506 0 0
First Bancorp Puerto Rico COM NEW 318672706 1,807 312,056 SH   SOLE   312,056 0 0
Fiserv Inc. COM 337738108 8,025 65,593 SH   SOLE   65,593 0 0
Flextronics International Ltd. ORD Y2573F102 8,272 507,154 SH   SOLE   507,154 0 0
Ford Motor Company COM PAR $0.01 345370860 1,096 97,932 SH   SOLE   97,932 0 0
Franklin Resources COM 354613101 4,575 102,134 SH   SOLE   102,134 0 0
GATX Corp. COM 361448103 791 12,303 SH   SOLE   12,303 0 0
General Dynamics Corp. COM 369550108 4,143 20,913 SH   SOLE   20,913 0 0
General Motors Co. COM 37045V100 1,229 35,197 SH   SOLE   35,197 0 0
Genesee & Wyoming Inc. Cl A CL A 371559105 2,864 41,874 SH   SOLE   41,874 0 0
Gentex Corp COM 371901109 3,200 168,711 SH   SOLE   168,711 0 0
Genworth Financial Inc. Cl A CL A 37247D106 89 23,584 SH   SOLE   23,584 0 0
Gilead Sciences Inc. COM 375558103 5,095 71,990 SH   SOLE   71,990 0 0
Goldman Sachs Group Inc. COM 38141G104 957 4,312 SH   SOLE   4,312 0 0
Goodyear Tire & Rubber Co. COM 382550101 897 25,668 SH   SOLE   25,668 0 0
Greif Class A CL A 397624107 2,616 46,897 SH   SOLE   46,897 0 0
Grupo Financiero Galicia SA Sp SP ADR 10 SH B 399909100 2,623 61,522 SH   SOLE   61,522 0 0
Hawaiian Holdings Inc. COM 419879101 8,984 191,358 SH   SOLE   191,358 0 0
HCA Holdings Inc. COM 40412C101 4,744 54,405 SH   SOLE   54,405 0 0
HD Supply Holdings, Inc. COM 40416M105 497 16,215 SH   SOLE   16,215 0 0
Hewlett Packard Enterprise Co. COM 42824C109 565 34,027 SH   SOLE   34,027 0 0
HP Inc. COM 40434L105 592 33,878 SH   SOLE   33,878 0 0
Humana Inc. COM 444859102 6,552 27,229 SH   SOLE   27,229 0 0
IBERIABANK Corp. COM 450828108 3,721 45,661 SH   SOLE   45,661 0 0
ILG, Inc. COM 44967H101 4,742 172,491 SH   SOLE   172,491 0 0
Intel Corp. COM 458140100 3,241 96,055 SH   SOLE   96,055 0 0
International Business Machine COM 459200101 7,308 47,504 SH   SOLE   47,504 0 0
INVESCO Ltd. COM G491BT108 4,195 119,201 SH   SOLE   119,201 0 0
iShares 3-7 Year Treasury Bond 3-7 YR TR BD ETF 464288661 961 7,781 SH   SOLE   7,781 0 0
iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 424 6,969 SH   SOLE   6,969 0 0
iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 15,769 315,129 SH   SOLE   315,129 0 0
iShares Floating Rate Bond ETF FLTG RATE BD ETF 46429B655 6,343 124,568 SH   SOLE   124,568 0 0
iShares iBoxx $ Investment Gra IBOXX INV CP ETF 464287242 1,926 15,986 SH   SOLE   15,986 0 0
iShares Intermediate Credit Bo INTERM CR BD ETF 464288638 2,078 18,931 SH   SOLE   18,931 0 0
iShares International Treasury INTL TREA BD ETF 464288117 24,585 256,955 SH   SOLE   256,955 0 0
iShares JPMorgan USD Emerging JP MOR EM MK ETF 464288281 9,941 86,927 SH   SOLE   86,927 0 0
iShares MBS ETF MBS ETF 464288588 22,442 210,207 SH   SOLE   210,207 0 0
iShares MSCI India Small Cap E MSCI INDIA SM CAP 46429B614 878 19,778 SH   SOLE   19,778 0 0
iShares MSCI Russia Capped ETF MSCI RUS ETF NEW 46434G798 677 23,495 SH   SOLE   23,495 0 0
iShares MSCI UAE Capped ETF MSCI UAE ETF 46434V761 246 14,731 SH   SOLE   14,731 0 0
Itau Unibanco Holding S/A ADS SPON ADR REP PFD 465562106 3,460 313,138 SH   SOLE   313,138 0 0
j2 Global, Inc. COM 48123V102 604 7,102 SH   SOLE   7,102 0 0
Jabil Inc. COM 466313103 11,018 377,446 SH   SOLE   377,446 0 0
JetBlue Airways Corp. COM 477143101 5,248 229,862 SH   SOLE   229,862 0 0
Kansas City Southern COM NEW 485170302 4,581 43,774 SH   SOLE   43,774 0 0
KB Financial Group Inc. SPONSORED ADR 48241A105 4,667 92,420 SH   SOLE   92,420 0 0
KLA-Tencor Corp. COM 482480100 4,639 50,693 SH   SOLE   50,693 0 0
Kulicke & Soffa Industries, In COM 501242101 2,884 151,643 SH   SOLE   151,643 0 0
L-3 Technologies Inc. COM 502413107 4,710 28,189 SH   SOLE   28,189 0 0
Lam Research Corp. COM 512807108 15,380 108,743 SH   SOLE   108,743 0 0
Lazard Ltd. SHS A G54050102 805 17,377 SH   SOLE   17,377 0 0
Lear Corp. COM NEW 521865204 6,720 47,296 SH   SOLE   47,296 0 0
LG Display Co., Ltd Sponsored SPONS ADR REP 50186V102 368 22,912 SH   SOLE   22,912 0 0
Lincoln National Corp. COM 534187109 5,258 77,802 SH   SOLE   77,802 0 0
Louisiana-Pacific Corp. COM 546347105 620 25,736 SH   SOLE   25,736 0 0
LyondellBasell Industries N.V. SHS - A - N53745100 1,292 15,305 SH   SOLE   15,305 0 0
M.D.C. Holdings Inc. COM 552676108 4,378 123,917 SH   SOLE   123,917 0 0
M/I Homes Inc Com COM 55305B101 2,741 96,003 SH   SOLE   96,003 0 0
Magna International Inc. COM 559222401 6,134 132,404 SH   SOLE   132,404 0 0
ManpowerGroup Inc. COM 56418H100 3,778 33,834 SH   SOLE   33,834 0 0
Manulife Financial Corp. COM 56501R106 4,818 256,803 SH   SOLE   256,803 0 0
Marriott Vacations Worldwide C COM 57164Y107 4,026 34,193 SH   SOLE   34,193 0 0
Mastercard Inc. Cl A CL A 57636Q104 8,735 71,923 SH   SOLE   71,923 0 0
Meritage Homes Corp. COM 59001A102 4,342 102,891 SH   SOLE   102,891 0 0
Methode Electronics, Inc. COM 591520200 3,604 87,465 SH   SOLE   87,465 0 0
MetLife Inc. COM 59156R108 4,546 82,741 SH   SOLE   82,741 0 0
MKS Instruments Inc. COM 55306N104 5,759 85,567 SH   SOLE   85,567 0 0
Morgan Stanley COM NEW 617446448 1,032 23,151 SH   SOLE   23,151 0 0
Morgan Stanley China A Share F COM 617468103 255 11,400 SH   SOLE   11,400 0 0
Navient Corp COM 63938C108 3,854 231,460 SH   SOLE   231,460 0 0
NetEase, Inc. ADR SPONSORED ADR 64110W102 427 1,420 SH   SOLE   1,420 0 0
Norfolk Southern Corp. COM 655844108 5,138 42,215 SH   SOLE   42,215 0 0
Northrop Grumman Corp. COM 666807102 7,482 29,147 SH   SOLE   29,147 0 0
Norwegian Cruise Line Holdings SHS G66721104 4,235 78,013 SH   SOLE   78,013 0 0
Owens-Illinois Inc. COM NEW 690768403 6,510 272,152 SH   SOLE   272,152 0 0
Plexus Corp. COM 729132100 2,830 53,841 SH   SOLE   53,841 0 0
Popular Inc. COM NEW 733174700 465 11,149 SH   SOLE   11,149 0 0
PowerShares Taxable Municipal TXBLE MUN PRTFLO 73937B407 1,416 47,278 SH   SOLE   47,278 0 0
Principal Financial Grp Inc COM 74251V102 5,222 81,506 SH   SOLE   81,506 0 0
Prudential Financial Inc. COM 744320102 7,527 69,600 SH   SOLE   69,600 0 0
PulteGroup Inc. COM 745867101 7,972 325,003 SH   SOLE   325,003 0 0
QUALCOMM Inc. COM 747525103 2,558 46,330 SH   SOLE   46,330 0 0
Raytheon Co. COM 755111507 7,318 45,321 SH   SOLE   45,321 0 0
Regions Financial Corp. (New) COM 7591EP100 4,413 301,433 SH   SOLE   301,433 0 0
Reinsurance Group of America I COM NEW 759351604 821 6,394 SH   SOLE   6,394 0 0
Reliance Steel & Aluminum Co. COM 759509102 414 5,686 SH   SOLE   5,686 0 0
Royal Caribbean Cruises Ltd COM V7780T103 6,884 63,022 SH   SOLE   63,022 0 0
Sanmina-SCI Corporation COM 801056102 5,909 155,101 SH   SOLE   155,101 0 0
Science Applications Internati COM 808625107 3,408 49,089 SH   SOLE   49,089 0 0
Scripps Networks Interactive I CL A COM 811065101 2,341 34,263 SH   SOLE   34,263 0 0
Skywest Inc Com COM 830879102 553 15,746 SH   SOLE   15,746 0 0
SolarEdge Technologies, Inc. COM 83417M104 3,492 174,616 SH   SOLE   174,616 0 0
Southwest Airlines Co. COM 844741108 12,429 200,023 SH   SOLE   200,023 0 0
SPDR Bloomberg Barclays 1-3 Mo BLMBRG BR 1 3 MT 78464A680 5,154 112,683 SH   SOLE   112,683 0 0
SPDR Bloomberg Barclays Intern BLOMBRG INTL TR 78464A516 48,190 1,744,118 SH   SOLE   1,744,118 0 0
SPDR Bloomberg Barclays Short BLOMBERG BRC INT 78464A334 3,781 120,556 SH   SOLE   120,556 0 0
Spirit AeroSystems Holdings, I COM CL A 848574109 3,780 65,234 SH   SOLE   65,234 0 0
State Street Corporation COM 857477103 4,499 50,138 SH   SOLE   50,138 0 0
Sun Life Financial, Inc. COM 866796105 2,926 81,838 SH   SOLE   81,838 0 0
SunTrust Banks Inc. COM 867914103 4,359 76,855 SH   SOLE   76,855 0 0
T. Rowe Price Group Inc. COM 74144t108 4,004 53,952 SH   SOLE   53,952 0 0
Taiwan Semiconductor Manufactu SPONSORED ADR 874039100 4,119 117,814 SH   SOLE   117,814 0 0
Tata Motors Ltd. ADS SPONSORED ADR 876568502 933 28,263 SH   SOLE   28,263 0 0
Taylor Morrison Home Corp. Cla CL A 87724P106 4,178 173,992 SH   SOLE   173,992 0 0
TCF Financial Corp. COM 872275102 3,422 214,685 SH   SOLE   214,685 0 0
Tech Data Corp. COM 878237106 8,931 88,425 SH   SOLE   88,425 0 0
Telekomunikasi Indonesia ADS COM 715684106 246 7,313 SH   SOLE   7,313 0 0
Tenneco Inc. COM 880349105 3,056 52,846 SH   SOLE   52,846 0 0
Teradyne Inc. COM 880770102 11,173 372,057 SH   SOLE   372,057 0 0
Textron Inc. COM 883203101 3,683 78,205 SH   SOLE   78,205 0 0
Toll Brothers Inc. COM 889478103 6,992 176,970 SH   SOLE   176,970 0 0
TRI Pointe Group Inc COM 87265H109 772 58,534 SH   SOLE   58,534 0 0
Trinseo SA SHS L9340P101 701 10,197 SH   SOLE   10,197 0 0
Umpqua Holdings Corp. COM 904214103 3,278 178,557 SH   SOLE   178,557 0 0
Union Pacific Corp. COM 907818108 4,525 41,544 SH   SOLE   41,544 0 0
United Continental Holdings In COM 910047109 1,224 16,270 SH   SOLE   16,270 0 0
United Rentals Inc. COM 911363109 948 8,414 SH   SOLE   8,414 0 0
UnitedHealth Group Inc. COM 91324P102 10,061 54,262 SH   SOLE   54,262 0 0
Unum Group COM 91529Y106 5,581 119,684 SH   SOLE   119,684 0 0
Validus Holdings Ltd. COM SHS G9319H102 733 14,095 SH   SOLE   14,095 0 0
VanEck Vectors Russia ETF RUSSIA ETF 92189F403 686 35,810 SH   SOLE   35,810 0 0
Vanguard Long Term Corporate B LG-TRM COR BD 92206C813 2,921 31,307 SH   SOLE   31,307 0 0
Vanguard Mortgage-Backed Secur MORTG-BACK SEC 92206C771 6,753 128,235 SH   SOLE   128,235 0 0
Visa Inc. CL A 92826C839 9,565 101,996 SH   SOLE   101,996 0 0
Western Union Co. COM 959802109 2,111 110,815 SH   SOLE   110,815 0 0
World Acceptance Corp. COM 981419104 2,319 30,951 SH   SOLE   30,951 0 0
Worthington Industries Inc. COM 981811102 527 10,489 SH   SOLE   10,489 0 0
Wyndham Worldwide Corp. COM 98310W108 6,667 66,401 SH   SOLE   66,401 0 0