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 002535300 514 13,627 SH   SOLE   13,597 0 30
ACETO CORP COM 004446100 4,884 460,274 SH   SOLE   456,225 0 4,049
ADVANCED ENERGY IND COM 007973100 11,025 147,060 SH   SOLE   145,754 0 1,306
AMERN EQTY INVT LIFE COM 025676206 10,414 328,205 SH   SOLE   325,305 0 2,900
AMN HEALTHCARE SERVICES INC COM 001744101 12,731 253,606 SH   SOLE   251,355 0 2,251
ANDERSONS INC/THE COM 034164103 259 8,023 SH   SOLE   8,004 0 19
APOGEE ENTERPRISES COM 037598109 10,393 207,728 SH   SOLE   205,899 0 1,829
ARGO GROUP INTL HLDG F COM g0464b107 10,644 173,776 SH   SOLE   172,233 0 1,543
BERKSHIRE HILLS BANC COM 084680107 8,350 216,598 SH   SOLE   214,605 0 1,993
BLACK HILLS CORP COM 092113109 12,593 215,227 SH   SOLE   213,321 0 1,906
BRIGGS & STRATTON CO COM 109043109 12,475 501,024 SH   SOLE   496,606 0 4,418
CABOT CORPORATION COM 127055101 9,332 152,385 SH   SOLE   151,027 0 1,358
CALERES INC COM 129500104 8,752 268,125 SH   SOLE   265,747 0 2,378
CALLON PETROLEUM CO COM 13123x102 10,416 943,486 SH   SOLE   935,128 0 8,358
CATHAY GENERAL BANCO COM 149150104 8,943 206,111 SH   SOLE   204,272 0 1,839
CENTERSTATE BANK COR COM 15201p109 8,381 308,929 SH   SOLE   306,189 0 2,740
CIRRUS LOGIC INC COM 172755100 9,698 175,558 SH   SOLE   173,898 0 1,660
CUSTOMERS BANCORP COM 23204g100 11,784 434,836 SH   SOLE   431,025 0 3,811
FABRINET F COM g3323l100 6,419 201,164 SH   SOLE   199,374 0 1,790
FIRST BUSEY CORP COM 319383204 10,038 315,354 SH   SOLE   312,582 0 2,772
FIRST INTST BANCSYST CLASS A COM 32055y201 10,752 270,820 SH   SOLE   268,441 0 2,379
FULTON FINANCIAL CO COM 360271100 11,402 600,081 SH   SOLE   594,783 0 5,298
G E O GROUP INC NEW REIT COM 36162j106 8,816 332,184 SH   SOLE   329,266 0 2,918
GLOBAL BRASS &COPPER COM 37953g103 7,642 220,862 SH   SOLE   218,894 0 1,968
GRAY TELEVISION INC COM 389375106 8,391 582,678 SH   SOLE   577,298 0 5,380
GULFPORT ENERGY CO COM 402635304 6,381 498,516 SH   SOLE   494,156 0 4,360
HELEN OF TROY LTD F COM g4388n106 8,591 96,099 SH   SOLE   95,246 0 853
HILLTOP HOLDINGS INC COM 432748101 9,261 372,386 SH   SOLE   369,075 0 3,311
KNOLL INC COM 498904200 8,605 395,270 SH   SOLE   391,754 0 3,516
LEXINGTON REALTY TR REIT COM 529043101 9,679 925,374 SH   SOLE   916,284 0 9,090
MAGELLAN HEALTH INC COM 559079207 8,655 102,429 SH   SOLE   101,310 0 1,119
MALIBU BOATS INC CLASS A COM 56117j100 10,329 330,420 SH   SOLE   327,312 0 3,108
MCDERMOTT INTL INC COM 580037109 6,104 840,812 SH   SOLE   833,266 0 7,546
NATIONAL GENERAL HLD COM 636220303 8,826 417,702 SH   SOLE   413,982 0 3,720
NATUS MEDICAL INC COM 639050103 9,588 239,409 SH   SOLE   236,969 0 2,440
NORTHWESTERN CORP COM 668074305 11,139 173,344 SH   SOLE   171,804 0 1,540
NRG YIELD INC COM 62942x405 10,849 569,517 SH   SOLE   564,395 0 5,122
NRG YIELD INC-CLASS A COM 62942X306 191 10,144 SH   SOLE   10,094 0 50
PERFORMANCE FOOD GRO COM 71377a103 8,060 271,840 SH   SOLE   269,310 0 2,530
PLY GEM HLDGS INC COM 72941w100 5,332 299,538 SH   SOLE   296,778 0 2,760
PREF APT COMMUNITIES REIT COM 74039l103 13,803 649,249 SH   SOLE   643,559 0 5,690
RAMCO-GERSHENSON PPT REIT COM 751452202 7,570 525,325 SH   SOLE   520,685 0 4,640
RLJ LODGING TRUST REIT COM 74965l101 7,703 355,287 SH   SOLE   352,148 0 3,139
RYMAN HOSPITALITY PR REIT COM 78377t107 10,846 156,098 SH   SOLE   154,716 0 1,382
S R C ENERGY INC COM 78470v108 11,769 1,343,450 SH   SOLE   1,331,564 0 11,886
SANMINA CORP COM 801056102 11,633 342,150 SH   SOLE   339,121 0 3,029
SCHNITZER STL INDS CLASS A COM 806882106 5,863 200,782 SH   SOLE   199,002 0 1,780
SEACOAST BK CORP FLA COM 811707801 10,358 397,936 SH   SOLE   394,390 0 3,546
SELECT INCOME COM 81618t100 7,788 310,398 SH   SOLE   307,398 0 3,000
STEPAN COMPANY COM 858586100 11,393 137,078 SH   SOLE   135,866 0 1,212
STERLING BANCORP COM 85917a100 14,699 579,838 SH   SOLE   574,747 0 5,091
TENNECO INC COM 880349105 9,898 166,610 SH   SOLE   165,020 0 1,590
TRAVELPORT WORLDWIDE COM g9019d104 10,404 777,011 SH   SOLE   769,740 0 7,271
TUTOR PERINI CORP COM 901109108 9,619 381,695 SH   SOLE   378,279 0 3,416
U M B FINANCIAL CORP COM 902788108 11,304 150,401 SH   SOLE   149,055 0 1,346
UNIVERSAL FOREST PRO COM 913543104 12,251 312,849 SH   SOLE   309,894 0 2,955
VALLEY NATIONAL BANC COM 919794107 8,130 683,184 SH   SOLE   677,154 0 6,030
WEB.COM GROUP INC COM 94733a104 12,618 548,588 SH   SOLE   543,454 0 5,134
WINNEBAGO INDUSTRIES COM 974637100 16,738 305,716 SH   SOLE   302,975 0 2,741