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
Aaron's Inc. COM PAR $0.50 002535300 5,744 123,272 SH   SOLE   123,272 0 0
Accenture PLC SHS CL A G1151C101 7,861 51,209 SH   SOLE   51,209 0 0
Activision Blizzard Inc. COM 00507V109 9,612 142,491 SH   SOLE   142,491 0 0
Aetna Inc. COM 00817Y108 8,269 48,930 SH   SOLE   48,930 0 0
Affiliated Managers Group Inc. COM 008252108 3,962 20,901 SH   SOLE   20,901 0 0
AFLAC Inc. COM 001055102 5,085 116,191 SH   SOLE   116,191 0 0
Akamai Technologies Inc. COM 00971T101 682 9,607 SH   SOLE   9,607 0 0
Alibaba Group Holding Ltd. Spo SPONSORED ADR 01609W102 1,204 6,560 SH   SOLE   6,560 0 0
AllianceBernstein Holding L.P. UNIT LTD PARTN 01881G106 498 18,556 SH   SOLE   18,556 0 0
Ally Financial Inc COM 02005N100 4,773 175,805 SH   SOLE   175,805 0 0
Alphabet Inc. Cl A CAP STK CL A 02079K305 759 732 SH   SOLE   732 0 0
Amdocs Ltd. COM G02602103 2,959 44,349 SH   SOLE   44,349 0 0
American Axle & Manufacturing COM 024061103 2,257 148,309 SH   SOLE   148,309 0 0
Ameriprise Financial Inc. COM 03076C106 4,413 29,830 SH   SOLE   29,830 0 0
Amkor Technology Inc. COM 031652100 732 72,294 SH   SOLE   72,294 0 0
AMN Healthcare Services Inc. COM 001744101 3,411 60,112 SH   SOLE   60,112 0 0
Anthem Inc COM 036752103 9,721 44,245 SH   SOLE   44,245 0 0
Apollo Global Management LLC C CL A SHS 037612306 688 23,217 SH   SOLE   23,217 0 0
Applied Materials Inc. COM 038222105 15,224 273,762 SH   SOLE   273,762 0 0
Arrow Electronics Inc. COM 042735100 523 6,786 SH   SOLE   6,786 0 0
Avnet Inc. COM 053807103 453 10,842 SH   SOLE   10,842 0 0
Banco Bradesco S.A. SP ADR PFD NEW 059460303 3,642 306,576 SH   SOLE   306,576 0 0
Banco Macro SA Sponsored ADR C SPON ADR B 05961W105 2,147 19,881 SH   SOLE   19,881 0 0
BanColombia S.A. ADS SPON ADR PREF 05968L102 2,731 64,983 SH   SOLE   64,983 0 0
Bank of New York Mellon Corp. COM 064058100 3,781 73,377 SH   SOLE   73,377 0 0
Bed Bath & Beyond Inc. COM 075896100 4,132 196,845 SH   SOLE   196,845 0 0
Benchmark Electronics Inc. COM 08160H101 2,693 90,209 SH   SOLE   90,209 0 0
Big Lots Inc. COM 089302103 5,306 121,896 SH   SOLE   121,896 0 0
Boise Cascade Co. COM 09739D100 3,217 83,339 SH   SOLE   83,339 0 0
Borgwarner Inc Com COM 099724106 5,452 108,550 SH   SOLE   108,550 0 0
Braskem S/A (ADS) SP ADR PFD A 105532105 211 7,287 SH   SOLE   7,287 0 0
CACI International Inc. (Cl A) CL A 127190304 2,895 19,127 SH   SOLE   19,127 0 0
Carlyle Group L.P. COM UTS LTD PTN 14309L102 469 21,955 SH   SOLE   21,955 0 0
Carnival Corp. UNIT 99/99/9999 143658300 7,669 116,945 SH   SOLE   116,945 0 0
Centene Corp. COM 15135B101 9,540 89,263 SH   SOLE   89,263 0 0
CGI Group Inc. Class A CL A SUB VTG 39945c109 2,380 41,294 SH   SOLE   41,294 0 0
Chico'S Fas Inc COM 168615102 108 11,971 SH   SOLE   11,971 0 0
China Mobile Ltd. ADS SPONSORED ADR 16941M109 658 14,390 SH   SOLE   14,390 0 0
Cigna Corporation COM 125509109 6,139 36,600 SH   SOLE   36,600 0 0
Cirrus Logic Inc. COM 172755100 1,713 42,155 SH   SOLE   42,155 0 0
CNO Financial Group Inc. COM 12621E103 3,584 165,401 SH   SOLE   165,401 0 0
Cognizant Technology Solutions COM 192446102 3,510 43,600 SH   SOLE   43,600 0 0
Companhia de Saneamento Basico SPONSORED ADR 20441A102 128 12,070 SH   SOLE   12,070 0 0
Consumer Discretionary Select SBI CONS DISCR 81369Y407 217 2,140 SH   SOLE   2,140 0 0
Convergys Corp. COM 212485106 1,816 80,284 SH   SOLE   80,284 0 0
Cooper Tire & Rubber Co. COM 216831107 2,370 80,896 SH   SOLE   80,896 0 0
Cooper-Standard Holdings Inc. COM 21676P103 3,349 27,267 SH   SOLE   27,267 0 0
Credicorp Ltd. COM G2519Y108 4,191 18,461 SH   SOLE   18,461 0 0
CurrencyShares Euro Trust EURO SHS 23130C108 16,257 137,391 SH   SOLE   137,391 0 0
CurrencyShares Japanese Yen Tr JAPANESE YEN 23130A102 31,239 346,678 SH   SOLE   346,678 0 0
D.R. Horton Inc. COM 23331A109 9,439 215,295 SH   SOLE   215,295 0 0
DaVita HealthCare Partners Inc COM 23918K108 6,689 101,436 SH   SOLE   101,436 0 0
Delta Air Lines Inc. COM NEW 247361702 1,026 18,723 SH   SOLE   18,723 0 0
Dillard's Inc. Cl A CL A 254067101 3,489 43,424 SH   SOLE   43,424 0 0
Dollar General Corp. COM 256677105 9,069 96,948 SH   SOLE   96,948 0 0
Dollar Tree Inc. COM 256746108 8,176 86,155 SH   SOLE   86,155 0 0
Domtar Corp. COM NEW 257559203 497 11,689 SH   SOLE   11,689 0 0
eBay Inc. COM 278642103 838 20,828 SH   SOLE   20,828 0 0
Electronic Arts Inc. COM 285512109 9,736 80,307 SH   SOLE   80,307 0 0
Evercore Inc. (Cl A) CL A 29977A105 4,265 48,916 SH   SOLE   48,916 0 0
Express Scripts Holding Co. COM 30219G108 8,170 118,269 SH   SOLE   118,269 0 0
Federated Investors Inc. CL B 314211103 3,545 106,137 SH   SOLE   106,137 0 0
Fiat Chrysler Automobiles N.V. SHS N31738102 6,915 337,008 SH   SOLE   337,008 0 0
Fibria Celulose S.A. (ADS) SP ADR REP COM 31573A109 774 39,670 SH   SOLE   39,670 0 0
Financial Select Sector SPDR F SBI INT-FINL 81369Y605 248 9,004 SH   SOLE   9,004 0 0
Fiserv Inc. COM 337738108 7,635 107,068 SH   SOLE   107,068 0 0
Flextronics International Ltd. ORD Y2573F102 6,779 415,130 SH   SOLE   415,130 0 0
Ford Motor Company COM PAR $0.01 345370860 5,434 490,476 SH   SOLE   490,476 0 0
Franklin Resources COM 354613101 2,943 84,871 SH   SOLE   84,871 0 0
General Motors Co. COM 37045V100 5,542 152,514 SH   SOLE   152,514 0 0
Gentex Corp COM 371901109 3,256 141,450 SH   SOLE   141,450 0 0
Global X MSCI Pakistan ETF MSCI PAKISTAN 37950E689 144 11,030 SH   SOLE   11,030 0 0
Goodyear Tire & Rubber Co. COM 382550101 542 20,380 SH   SOLE   20,380 0 0
Grupo Financiero Galicia SA Sp SH ADR 10 SH B 399909100 3,368 51,212 SH   SOLE   51,212 0 0
Hawaiian Holdings Inc. COM 419879101 283 7,313 SH   SOLE   7,313 0 0
Home Depot Inc. COM 437076102 4,566 25,618 SH   SOLE   25,618 0 0
Honda Motor Co. Ltd. (ADS) AMERN SHS 438128308 5,681 163,577 SH   SOLE   163,577 0 0
Humana Inc. COM 444859102 7,874 29,291 SH   SOLE   29,291 0 0
ILG, Inc. COM 44967H101 4,446 142,922 SH   SOLE   142,922 0 0
Insperity, Inc. COM 45778Q107 4,155 59,747 SH   SOLE   59,747 0 0
Intel Corp. COM 458140100 4,141 79,511 SH   SOLE   79,511 0 0
International Business Machine COM 459200101 5,980 38,973 SH   SOLE   38,973 0 0
INVESCO Ltd. COM G491BT108 3,181 99,384 SH   SOLE   99,384 0 0
iShares 20 plus Year Treasury Bond 20 YR TR BD ETF 464287432 2,265 18,579 SH   SOLE   18,579 0 0
iShares 7-10 Year Treasury Bon BARCLAYS 7 10 YR 464287440 2,605 25,246 SH   SOLE   25,246 0 0
iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 485 7,367 SH   SOLE   7,367 0 0
iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 8,532 146,105 SH   SOLE   146,105 0 0
iShares Floating Rate Bond ETF FLTG RATE BD ETF 46429B655 13,986 274,606 SH   SOLE   274,606 0 0
iShares Intermediate Credit Bo INTERM CR BD ETF 464288638 2,012 18,760 SH   SOLE   18,760 0 0
iShares International Treasury INTL TREA BD ETF 464288117 27,386 530,639 SH   SOLE   530,639 0 0
iShares JPMorgan USD Emerging JP MOR EM MK ETF 464288281 3,518 31,178 SH   SOLE   31,178 0 0
iShares MSCI Russia ETF MSCI RUSSIA ETF 46434G798 1,096 30,084 SH   SOLE   30,084 0 0
iShares MSCI UAE ETF MSCI UAE ETF 46434V761 222 13,246 SH   SOLE   13,246 0 0
iShares S&P 500 Fund CORE S&P500 ETF 464287200 280 1,056 SH   SOLE   1,056 0 0
Itau Unibanco Holding S/A ADS SPON ADR REP PFD 465562106 3,900 249,983 SH   SOLE   249,983 0 0
J.C. Penney Co. Inc. COM 708160106 81 26,669 SH   SOLE   26,669 0 0
j2 Global, Inc. COM 48123V102 442 5,605 SH   SOLE   5,605 0 0
Jabil Inc. COM 466313103 8,193 285,171 SH   SOLE   285,171 0 0
JetBlue Airways Corp. COM 477143101 634 31,181 SH   SOLE   31,181 0 0
KB Financial Group Inc. Sponso SPONSORED ADR 48241A105 4,320 74,561 SH   SOLE   74,561 0 0
KKR & Co. L.P. COM UNITS 48248M102 689 33,952 SH   SOLE   33,952 0 0
KLA-Tencor Corp. COM 482480100 4,167 38,230 SH   SOLE   38,230 0 0
Korn Ferry International COM NEW 500643200 4,007 77,675 SH   SOLE   77,675 0 0
Kulicke & Soffa Industries, In COM 501242101 2,677 107,018 SH   SOLE   107,018 0 0
Laboratory Corp. of America Ho COM NEW 50540R409 6,906 42,697 SH   SOLE   42,697 0 0
Lam Research Corp. COM 512807108 18,518 91,151 SH   SOLE   91,151 0 0
Lear Corp. COM NEW 521865204 7,162 38,488 SH   SOLE   38,488 0 0
Lennar Corp. (Cl A) CL A 526057104 6,786 115,138 SH   SOLE   115,138 0 0
Lincoln National Corp. COM 534187109 4,810 65,842 SH   SOLE   65,842 0 0
Louisiana-Pacific Corp. COM 546347105 8,340 289,869 SH   SOLE   289,869 0 0
Lowe's Cos. COM 548661107 7,395 84,276 SH   SOLE   84,276 0 0
LyondellBasell Industries N.V. SHS - A - N53745100 1,281 12,125 SH   SOLE   12,125 0 0
M.D.C. Holdings Inc. COM 552676108 3,131 112,148 SH   SOLE   112,148 0 0
M/I Homes Inc Com COM 55305B101 2,592 81,379 SH   SOLE   81,379 0 0
Macy's Inc. COM 55616P104 4,330 145,582 SH   SOLE   145,582 0 0
Magna International Inc. COM 559222401 6,110 108,430 SH   SOLE   108,430 0 0
ManpowerGroup Inc. COM 56418H100 6,205 53,909 SH   SOLE   53,909 0 0
Manulife Financial Corp. COM 56501R106 3,977 214,051 SH   SOLE   214,051 0 0
Marriott Vacations Worldwide C COM 57164Y107 3,767 28,283 SH   SOLE   28,283 0 0
Mastercard Inc. Cl A CL A 57636Q104 10,311 58,867 SH   SOLE   58,867 0 0
Maximus Inc. COM 577933104 5,368 80,435 SH   SOLE   80,435 0 0
McKesson Corp. COM 58155Q103 5,563 39,492 SH   SOLE   39,492 0 0
Mednax Inc. COM 58502B106 4,981 89,545 SH   SOLE   89,545 0 0
Meritage Homes Corp. COM 59001A102 3,892 86,015 SH   SOLE   86,015 0 0
Methode Electronics, Inc. COM 591520200 2,691 68,814 SH   SOLE   68,814 0 0
MetLife Inc. COM 59156R108 3,227 70,319 SH   SOLE   70,319 0 0
Michaels Companies Inc COM 59408Q106 3,074 155,937 SH   SOLE   155,937 0 0
Micron Technology Inc. COM 595112103 6,952 133,330 SH   SOLE   133,330 0 0
MKS Instruments Inc. COM 55306N104 8,908 77,023 SH   SOLE   77,023 0 0
Morgan Stanley COM NEW 617446448 2,723 50,457 SH   SOLE   50,457 0 0
Navient Corp COM 63938C108 2,508 191,124 SH   SOLE   191,124 0 0
Norwegian Cruise Line Holdings SHS G66721104 3,441 64,960 SH   SOLE   64,960 0 0
ON Semiconductor Corp. COM 682189105 874 35,723 SH   SOLE   35,723 0 0
Patterson Cos Inc COM 703395103 617 27,748 SH   SOLE   27,748 0 0
PBF Energy, Inc. Class A CL A 69318G106 396 11,683 SH   SOLE   11,683 0 0
Penske Automotive Grp Inc Com COM 70959W103 3,491 78,741 SH   SOLE   78,741 0 0
Performance Food Group Co. COM 71377A103 2,551 85,445 SH   SOLE   85,445 0 0
Plexus Corp. COM 729132100 2,648 44,330 SH   SOLE   44,330 0 0
Premier Inc. Class A CL A 74051N102 3,180 101,570 SH   SOLE   101,570 0 0
Principal Financial Grp Inc COM 74251V102 4,145 68,045 SH   SOLE   68,045 0 0
ProShares Short Russell2000 SHRT RUSSELL 2000 74348A210 20,925 496,920 SH   SOLE   496,920 0 0
ProShares Trust Short S&P500 SHORT S&P 500 NE 74347B425 21,531 710,606 SH   SOLE   710,606 0 0
Prudential Financial Inc. COM 744320102 5,883 56,813 SH   SOLE   56,813 0 0
PulteGroup Inc. COM 745867101 8,096 274,542 SH   SOLE   274,542 0 0
Quest Diagnostics Inc. COM 74834L100 6,342 63,234 SH   SOLE   63,234 0 0
Realogy Holdings Corp. COM 75605Y106 360 13,182 SH   SOLE   13,182 0 0
Reliance Steel & Aluminum Co. COM 759509102 385 4,487 SH   SOLE   4,487 0 0
Robert Half International Inc. COM 770323103 5,160 89,126 SH   SOLE   89,126 0 0
Royal Caribbean Cruises Ltd COM V7780T103 6,479 55,024 SH   SOLE   55,024 0 0
Sanmina-SCI Corporation COM 801056102 3,244 124,067 SH   SOLE   124,067 0 0
Science Applications Internati COM 808625107 3,133 39,763 SH   SOLE   39,763 0 0
Skywest Inc Com COM 830879102 593 10,902 SH   SOLE   10,902 0 0
SolarEdge Technologies, Inc. COM 83417M104 7,601 144,499 SH   SOLE   144,499 0 0
SPDR Barclays International Co BLOMBRG BRC INTL 78464A151 1,373 38,136 SH   SOLE   38,136 0 0
SPDR Bloomberg Barclays 1-3 Mo SPDR BLOOMBERG 78468R663 4,275 46,691 SH   SOLE   46,691 0 0
SPDR Bloomberg Barclays Intern BLOMBRG INTL TR 78464A516 23,399 792,932 SH   SOLE   792,932 0 0
State Street Corporation COM 857477103 4,192 42,034 SH   SOLE   42,034 0 0
STMicroelectronics N.V. NY REGISTRY 861012102 709 31,786 SH   SOLE   31,786 0 0
Sun Life Financial, Inc. COM 866796105 2,829 68,787 SH   SOLE   68,787 0 0
Syntel Inc. COM 87162H103 465 18,207 SH   SOLE   18,207 0 0
T. Rowe Price Group Inc. COM 74144t108 4,869 45,093 SH   SOLE   45,093 0 0
Taiwan Semiconductor Manufactu SPONSORED ADR 874039100 4,303 98,323 SH   SOLE   98,323 0 0
Target Corp. COM 87612E106 12,449 179,306 SH   SOLE   179,306 0 0
Tata Motors Ltd. ADS SPONSORED ADR 876568502 580 22,560 SH   SOLE   22,560 0 0
Taylor Morrison Home Corp. Cla CL A 87724P106 3,394 145,808 SH   SOLE   145,808 0 0
Tech Data Corp. COM 878237106 474 5,572 SH   SOLE   5,572 0 0
Technology Select Sector SPDR TECHNOLOGY 81369Y803 257 3,925 SH   SOLE   3,925 0 0
Tenneco Inc. COM 880349105 2,391 43,573 SH   SOLE   43,573 0 0
Teradyne Inc. COM 880770102 14,224 311,171 SH   SOLE   311,171 0 0
Toll Brothers Inc. COM 889478103 6,480 149,828 SH   SOLE   149,828 0 0
Toyota Motor Corp. ADS SP ADR REP2COM 892331307 5,280 40,502 SH   SOLE   40,502 0 0
TRI Pointe Group Inc COM 87265H109 761 46,318 SH   SOLE   46,318 0 0
TriNet Group, Inc. COM 896288107 3,434 74,136 SH   SOLE   74,136 0 0
Trinseo SA SHS L9340P101 598 8,071 SH   SOLE   8,071 0 0
TrueBlue, Inc. COM 89785X101 3,052 117,843 SH   SOLE   117,843 0 0
United Continental Holdings In COM 910047109 824 11,858 SH   SOLE   11,858 0 0
United Natural Foods COM 911163103 2,622 61,067 SH   SOLE   61,067 0 0
UnitedHealth Group Inc. COM 91324P102 11,088 51,815 SH   SOLE   51,815 0 0
Unum Group COM 91529Y106 4,940 103,766 SH   SOLE   103,766 0 0
VanEck Vectors Russia ETF RUSSIA ETF 92189F403 488 21,463 SH   SOLE   21,463 0 0
Vanguard Long Term Corporate B LG-TRM COR BD 92206C813 2,675 29,280 SH   SOLE   29,280 0 0
Vanguard Short-Term Corporate SHRT TRM CORP BD 92206C409 247 3,148 SH   SOLE   3,148 0 0
Vanguard Short-Term Inflation- STRM BD IDX ETF 922020805 4,317 88,264 SH   SOLE   88,264 0 0
Visa Inc. CL A 92826C839 9,970 83,346 SH   SOLE   83,346 0 0
Waddell & Reed Financial, Inc. CL A 930059100 497 24,603 SH   SOLE   24,603 0 0
Western Union Co. COM 959802109 1,733 90,129 SH   SOLE   90,129 0 0
Williams-Sonoma Inc. COM 969904101 6,756 128,044 SH   SOLE   128,044 0 0
World Acceptance Corp. COM 981419104 2,658 25,241 SH   SOLE   25,241 0 0
Worthington Industries Inc. COM 981811102 355 8,277 SH   SOLE   8,277 0 0
Wyndham Worldwide Corp. COM 98310W108 6,560 57,325 SH   SOLE   57,325 0 0