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
ACADIA HEALTHCARE COMPANY Common Stocks 00404A109 398 8,826 SH   SOLE 0 7,648 0 1,178
ACE LTD Common Stocks H0023R105 1,151 11,617 SH   SOLE 0 9,359 0 2,258
ALEXANDER & BALDWIN INC Common Stocks 014491104 679 15,957 SH   SOLE 0 13,829 0 2,128
ALLETE INC Common Stocks 018522300 415 7,920 SH   SOLE 0 6,865 0 1,055
ALTRIA GROUP INC Common Stocks 02209S103 1,740 46,482 SH   SOLE 0 38,562 0 7,920
AMERICAN ELECTRIC POWER INC Common Stocks 025537101 1,216 23,996 SH   SOLE 0 19,560 0 4,436
AMERICAN INTL GROUP INC Common Stocks 026874784 2,468 49,344 SH   SOLE 0 40,604 0 8,740
AMERICAN VANGUARD CORP Common Stocks 030371108 602 27,804 SH   SOLE 0 24,098 0 3,706
AMN HEALTHCARE SERVICES Common Stocks 001744101 443 32,274 SH   SOLE 0 27,972 0 4,302
ANADARKO PETROLEUM CORP Common Stocks 032511107 1,834 21,638 SH   SOLE 0 17,400 0 4,238
APACHE CORP Common Stocks 037411105 1,369 16,508 SH   SOLE 0 13,407 0 3,101
APPLE COMPUTER INC Common Stocks 037833100 809 1,508 SH   SOLE 0 1,113 0 395
ASHFORD HOSPITALITY PRIME Common Stocks 044102101 619 40,958 SH   SOLE 0 35,895 0 5,063
ASPEN TECHNOLOGY INC Common Stocks 045327103 572 13,495 SH   SOLE 0 11,682 0 1,813
AT&T INC Common Stocks 00206R102 625 17,823 SH   SOLE 0 15,901 0 1,922
BAXTER INTL INC Common Stocks 071813109 2,383 32,390 SH   SOLE 0 26,475 0 5,915
BED BATH & BEYOND INC Common Stocks 075896100 664 9,652 SH   SOLE 0 6,877 0 2,775
CARDTRONICS Common Stocks 14161H108 531 13,665 SH   SOLE 0 11,831 0 1,834
CARRIAGE SERVICES INC Common Stocks 143905107 642 35,198 SH   SOLE 0 30,495 0 4,703
CEVA INC Common Stocks 157210105 705 40,176 SH   SOLE 0 34,824 0 5,352
CHAMBERS STREET PROPERTIES Common Stocks 157842105 1,111 142,931 SH   SOLE 0 125,595 0 17,336
CHEVRONTEXACO CORPORATION Common Stocks 166764100 1,747 14,693 SH   SOLE 0 12,279 0 2,414
CINEMARK HOLDINGS INC Common Stocks 17243V102 316 10,897 SH   SOLE 0 9,446 0 1,451
CISCO SYSTEMS INC Common Stocks 17275R102 1,258 56,145 SH   SOLE 0 45,934 0 10,211
CNO FINANCIAL GROUP INC Common Stocks 12621E103 335 18,489 SH   SOLE 0 16,024 0 2,465
COCA-COLA CO Common Stocks 191216100 2,391 61,853 SH   SOLE 0 50,491 0 11,362
COLGATE-PALMOLIVE CO Common Stocks 194162103 623 9,607 SH   SOLE 0 6,844 0 2,763
COLUMBIA BANKING SYSTEM Common Stocks 197236102 589 20,668 SH   SOLE 0 17,899 0 2,769
COMCAST CORP Common Stocks 20030N101 661 13,217 SH   SOLE 0 9,434 0 3,783
CONOCOPHILLIPS Common Stocks 20825C104 703 9,991 SH   SOLE 0 8,856 0 1,135
CORE-MARK HOLDING CO INC Common Stocks 218681104 336 4,629 SH   SOLE 0 4,011 0 618
CORESITE REALTY CORP Common Stocks 21870Q105 249 8,029 SH   SOLE 0 6,945 0 1,084
CORRECTIONS CORP OF AMERICA Common Stocks 22025Y407 1,696 54,150 SH   SOLE 0 43,524 0 10,626
COTT CORPORATION Common Stocks 22163N106 388 45,795 SH   SOLE 0 39,625 0 6,170
CVENT INC Common Stocks 23247G109 619 17,134 SH   SOLE 0 14,849 0 2,285
DISCOVER FINANCIAL SERVICES Common Stocks 254709108 1,243 21,364 SH   SOLE 0 17,541 0 3,823
DOMTAR CORP Common Stocks 257559203 1,583 14,107 SH   SOLE 0 11,402 0 2,705
EL PASO ELECTRIC CO Common Stocks 283677854 259 7,252 SH   SOLE 0 6,288 0 964
EMC CORP MASS Common Stocks 268648102 708 25,827 SH   SOLE 0 18,446 0 7,381
ENDURANCE SPECIALTY HLDGS Common Stocks G30397106 635 11,805 SH   SOLE 0 10,446 0 1,359
EXPRESS SCRIPTS INC Common Stocks 30219G108 447 5,954 SH   SOLE 0 4,292 0 1,662
EXXON MOBIL CORP Common Stocks 30231G102 1,646 16,849 SH   SOLE 0 15,046 0 1,803
FIFTH THIRD BANCORP Common Stocks 316773100 877 38,185 SH   SOLE 0 33,892 0 4,293
FLOWER FOODS INC Common Stocks 343498101 2,364 110,217 SH   SOLE 0 90,078 0 20,139
FORUM ENERGY TECHNOLOGIES INC Common Stocks 34984V100 512 16,524 SH   SOLE 0 14,325 0 2,199
FRANKLIN RESOURCES INC Common Stocks 354613101 1,647 30,396 SH   SOLE 0 24,800 0 5,596
GENERAL ELECTRIC CO Common Stocks 369604103 2,192 84,649 SH   SOLE 0 69,083 0 15,566
GENESEE & WYOMING INC-CL A Common Stocks 371559105 363 3,732 SH   SOLE 0 3,248 0 484
GOLDCORP INC Common Stocks 380956409 551 22,516 SH   SOLE 0 16,103 0 6,413
GRAPHIC PACKAGING HOLDING Common Stocks 388689101 368 36,236 SH   SOLE 0 31,367 0 4,869
HSN INC Common Stocks 404303109 686 11,478 SH   SOLE 0 9,948 0 1,530
IPATH DOW JONES-AIG COMMDTY INDX ETN ETF 06738C778 5 117 SH   OTR 0 0 0 117
IPATH DOW JONES-AIG COMMDTY INDX ETN ETF 06738C778 10,550 267,429 SH   SOLE 0 258,482 0 8,947
ISHARES BARCLAY TIPS BONDS ETF 464287176 31 276 SH   OTR 0 0 0 276
ISHARES BARCLAY TIPS BONDS ETF 464287176 1,552 13,845 SH   SOLE 0 8,323 0 5,522
ISHARES MSCI JAPAN ETF ETF 464286848 213 18,815 SH   SOLE 0 18,815 0 0
ISHARES S&P 500 INDEX FUND ETF 464287200 28 151 SH   OTR 0 0 0 151
ISHARES S&P 500 INDEX FUND ETF 464287200 8,020 42,626 SH   SOLE 0 33,237 0 9,389
ISHARES S&P MIDCAP 400 INDEX FUND ETF 464287507 512 3,726 SH   SOLE 0 3,323 0 403
ISHARES TR MSCI EAFE INDEX ETF 464287465 5,847 87,004 SH   SOLE 0 87,004 0 0
ISHARES TR RUSSL 2000 INDEX ETF 464287655 10 82 SH   OTR 0 0 0 82
ISHARES TR RUSSL 2000 INDEX ETF 464287655 5,115 43,970 SH   SOLE 0 39,536 0 4,434
JOHNSON & JOHNSON Common Stocks 478160104 1,975 20,106 SH   SOLE 0 16,932 0 3,174
JPMORGAN CHASE & CO Common Stocks 46625H100 2,036 33,534 SH   SOLE 0 27,435 0 6,099
KAR AUCTION SERVICES INC Common Stocks 48238T109 3,107 102,375 SH   SOLE 0 83,852 0 18,523
MARVELL TECHNOLOGY GROUP LTD Common Stocks G5876H105 1,496 94,994 SH   SOLE 0 76,957 0 18,037
MATSON INC Common Stocks 57686G105 645 26,127 SH   SOLE 0 22,628 0 3,499
MCDONALDS CORP Common Stocks 580135101 1,750 17,850 SH   SOLE 0 14,394 0 3,456
MERCK & CO INC Common Stocks 58933Y105 1,912 33,686 SH   SOLE 0 27,348 0 6,338
MICROSOFT CORP Common Stocks 594918104 2,550 62,201 SH   SOLE 0 50,261 0 11,940
NATIONAL OILWELL VARCO INC Common Stocks 637071101 1,688 21,671 SH   SOLE 0 17,612 0 4,059
NEXTERA ENERGY INC Common Stocks 65339F101 716 7,485 SH   SOLE 0 6,633 0 852
NIELSEN HOLDING N.V. Common Stocks N63218106 2,192 49,108 SH   SOLE 0 40,605 0 8,503
NORFOLK SOUTHN CORP Common Stocks 655844108 817 8,405 SH   SOLE 0 7,448 0 957
OCCIDENTAL PETE CORP Common Stocks 674599105 2,173 22,806 SH   SOLE 0 18,531 0 4,275
ORACLE CORP Common Stocks 68389X105 2,533 61,910 SH   SOLE 0 50,322 0 11,588
PFIZER INC Common Stocks 717081103 1,451 45,175 SH   SOLE 0 37,380 0 7,795
PG&E CORPORATION Common Stocks 69331C108 1,495 34,614 SH   SOLE 0 28,642 0 5,972
PNC FINL SVCS GROUP INC Common Stocks 693475105 1,832 21,062 SH   SOLE 0 17,590 0 3,472
PROASSURANCE CORP Common Stocks 74267C106 382 8,579 SH   SOLE 0 7,451 0 1,128
PRUDENTIAL FINANCIAL INC Common Stocks 744320102 1,812 21,407 SH   SOLE 0 18,001 0 3,406
RESOLUTE ENERGY COMPANY Common Stocks 76116A108 388 53,914 SH   SOLE 0 46,729 0 7,185
SABRA HEALTHCARE REIT Common Stocks 78573L106 671 24,053 SH   SOLE 0 20,865 0 3,188
SCHLUMBERGER LTD Common Stocks 806857108 486 4,988 SH   SOLE 0 3,573 0 1,415
SEMGROUP CORP CL A Common Stocks 81663A105 387 5,899 SH   SOLE 0 5,108 0 791
SILICON IMAGE INC Common Stocks 82705T102 807 116,980 SH   SOLE 0 101,286 0 15,694
SP PLUS CORPORATION Common Stocks 78469C103 475 18,092 SH   SOLE 0 15,695 0 2,397
SPDR BARCLAYS HIGH YLD BOND ETF ETF 78464A417 37 894 SH   OTR 0 0 0 894
SPDR BARCLAYS HIGH YLD BOND ETF ETF 78464A417 15,038 363,939 SH   SOLE 0 342,574 0 21,365
SPDR BARCLAYS INTL TREASURY BOND ETF ETF 78464A516 3,520 59,280 SH   SOLE 0 59,280 0 0
SPDR ENERGY SELECT ETF 81369Y506 502 5,639 SH   SOLE 0 5,639 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 2,551 13,639 SH   SOLE 0 13,639 0 0
ST JUDE MEDICAL CENTER INC Common Stocks 790849103 1,385 21,177 SH   SOLE 0 16,917 0 4,260
STANDARD MOTOR PRODUCTS Common Stocks 853666105 399 11,166 SH   SOLE 0 9,723 0 1,443
SUMMIT HOTEL PROPERTIES Common Stocks 866082100 381 41,084 SH   SOLE 0 35,637 0 5,447
SYMMETRY MEDICAL INC Common Stocks 871546206 740 73,513 SH   SOLE 0 63,704 0 9,809
TARGET CORP Common Stocks 87612E106 1,854 30,645 SH   SOLE 0 24,751 0 5,894
THOR INDUSTRIES INC Common Stocks 885160101 2,465 40,375 SH   SOLE 0 32,579 0 7,796
THORATEC CORPORATION Common Stocks 885175307 651 18,187 SH   SOLE 0 15,765 0 2,422
UNION PACIFIC CORP Common Stocks 907818108 767 4,089 SH   SOLE 0 2,922 0 1,167
VALMONT INDS INC COM Common Stocks 920253101 646 4,343 SH   SOLE 0 3,763 0 580
VANGUARD FTSE DEVELOPED ETF ETF 921943858 23 552 SH   OTR 0 0 0 552
VANGUARD FTSE DEVELOPED ETF ETF 921943858 25,455 616,793 SH   SOLE 0 579,662 0 37,131
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF ETF 922042858 4 106 SH   OTR 0 0 0 106
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF ETF 922042858 415 10,239 SH   SOLE 0 6,906 0 3,333
VANGUARD REIT ETF ETF 922908553 5 64 SH   OTR 0 0 0 64
VANGUARD REIT ETF ETF 922908553 4,263 60,365 SH   SOLE 0 55,069 0 5,296
VANGUARD SMALL CAP ETF ETF 922908751 1,411 12,492 SH   SOLE 0 12,492 0 0
VANGUARD TOTAL BOND MARKET ETF ETF 921937835 173 2,126 SH   OTR 0 0 0 2,126
VANGUARD TOTAL BOND MARKET ETF ETF 921937835 9,442 116,297 SH   SOLE 0 68,960 0 47,337
VERIZON COMMUNICATIONS Common Stocks 92343V104 1,325 27,861 SH   SOLE 0 22,041 0 5,820
WELLS FARGO Common Stocks 949746101 1,894 38,088 SH   SOLE 0 32,054 0 6,034
XYRATEX LTD Common Stocks G98268108 619 46,786 SH   SOLE 0 41,042 0 5,744
ZIX CORPORATION Common Stocks 98974P100 273 65,849 SH   SOLE 0 57,124 0 8,725