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
AECOM CS 00766T100 7 239 SH   DFND 1 239 0 0
Alamo Group Inc CS 011311107 16 335 SH   DFND 1 335 0 0
American Equity Investment Lif CS 025676206 38 1,290 SH   DFND 1 1,290 0 0
Amerisafe Inc CS 03071H100 17 400 SH   DFND 1 400 0 0
Andersons Inc CS 034164103 27 515 SH   DFND 1 515 0 0
Applied Indl Technologies Inc CS 03820C105 7 150 SH   DFND 1 150 0 0
AZZ Inc CS 002474104 38 800 SH   DFND 1 800 0 0
Badger Meter Inc CS 056525108 18 295 SH   DFND 1 295 0 0
Bancfirst Corp CS 05945F103 13 210 SH   DFND 1 210 0 0
Bank Of Marin Bancorp/Ca CS 063425102 26 490 SH   DFND 1 490 0 0
BBCN Bancorp Inc CS 073295107 26 1,790 SH   DFND 1 1,790 0 0
Blount International Inc CS 095180105 21 1,175 SH   DFND 1 1,175 0 0
Bob Evans Farms Inc CS 096761101 30 585 SH   DFND 1 585 0 0
Bryn Mawr Bank Corp CS 117665109 24 770 SH   DFND 1 770 0 0
Chatham Lodging Trust CS 16208T102 21 720 SH   DFND 1 720 0 0
Childrens Pl Retail Stores Inc CS 168905107 34 590 SH   DFND 1 590 0 0
Clean Harbors Inc CS 184496107 25 515 SH   DFND 1 515 0 0
Convergys Corp CS 212485106 36 1,765 SH   DFND 1 1,765 0 0
Cracker Barrel Old Country CS 22410J106 11 75 SH   DFND 1 75 0 0
Crane Co CS 224399105 21 360 SH   DFND 1 360 0 0
Cubic Corp CS 229669106 26 500 SH   DFND 1 500 0 0
Denbury Res Inc CS 247916208 26 3,165 SH   DFND 1 3,165 0 0
Dril-Quip Inc CS 262037104 23 305 SH   DFND 1 305 0 0
EMCOR Group Inc CS 29084Q100 16 350 SH   DFND 1 350 0 0
Enstar Group Ltd CS G3075P101 11 75 SH   DFND 1 75 0 0
Exactech Inc CS 30064e109 27 1,135 SH   DFND 1 1,135 0 0
First Nbc Bank Holding Co CS 32115D106 37 1,045 SH   DFND 1 1,045 0 0
Foster Co-A CS 350060109 7 150 SH   DFND 1 150 0 0
Fox Factory Holding Corp CS 35138V102 20 1,250 SH   DFND 1 1,250 0 0
Genesco Inc CS 371532102 16 215 SH   DFND 1 215 0 0
Greif Inc-Cl A CS 397624107 25 530 SH   DFND 1 530 0 0
Hawkins Inc CS 420261109 26 590 SH   DFND 1 590 0 0
Helen Of Troy Ltd CS G4388N106 17 265 SH   DFND 1 265 0 0
Hillenbrand Inc CS 431571108 36 1,040 SH   DFND 1 1,040 0 0
Horizon Bancorp CS 440407104 29 1,128 SH   DFND 1 1,128 0 0
Innophos Holdings Inc CS 45774N108 9 160 SH   DFND 1 160 0 0
John Bean Technologies Corp CS 477839104 19 590 SH   DFND 1 590 0 0
Kadant Inc CS 48282T104 9 200 SH   DFND 1 200 0 0
Laclede Group Inc CS 505597104 18 330 SH   DFND 1 330 0 0
Lakeland Financial Corp CS 511656100 22 515 SH   DFND 1 515 0 0
Littelfuse Inc CS 537008104 32 330 SH   DFND 1 330 0 0
LTC Properties Inc CS 502175102 17 405 SH   DFND 1 405 0 0
Madden Steven Ltd CS 556269108 33 1,030 SH   DFND 1 1,030 0 0
Marten Trans Ltd CS 573075108 22 1,005 SH   DFND 1 1,005 0 0
MTS Systems Corp CS 553777103 32 425 SH   DFND 1 425 0 0
Multi-Color Corp CS 625383104 27 495 SH   DFND 1 495 0 0
New Jersey Res CS 646025106 22 360 SH   DFND 1 360 0 0
Newpark Res Inc Com Par $.01Ne CS 651718504 29 3,030 SH   DFND 1 3,030 0 0
Northwestern Corp CS 668074305 22 390 SH   DFND 1 390 0 0
Primerica Inc CS 74164M108 34 625 SH   DFND 1 625 0 0
ProAssurance Corp CS 74267C106 43 945 SH   DFND 1 945 0 0
Ryman Hospitality Properties I CS 78377T107 21 400 SH   DFND 1 400 0 0
SEACOR Holdings Inc CS 811904101 26 355 SH   DFND 1 355 0 0
SM Energy Co CS 78454L100 16 420 SH   DFND 1 420 0 0
Southside Bancshares Inc CS 84470p109 17 585 SH   DFND 1 585 0 0
Summit Hotel Properties Inc CS 866082100 22 1,740 SH   DFND 1 1,740 0 0
Tech Data Corp CS 878237106 38 600 SH   DFND 1 600 0 0
Tesco Corp CS 88157K101 27 2,135 SH   DFND 1 2,135 0 0
The Ensign Group Inc CS 29358P101 15 335 SH   DFND 1 335 0 0
Tompkins Financial CS 890110109 25 455 SH   DFND 1 455 0 0
Tumi Holdings Inc CS 89969Q104 18 765 SH   DFND 1 765 0 0
Unifirst Corp Mass CS 904708104 10 80 SH   DFND 1 80 0 0
United Financial Bancorp Inc CS 910304104 16 1,126 SH   DFND 1 1,126 0 0
United States Lime & Materials CS 911922102 13 180 SH   DFND 1 180 0 0
US Physical Therapy Inc CS 90337L108 21 500 SH   DFND 1 500 0 0
Wiley John & Sons Inc Cl A CS 968223206 20 345 SH   DFND 1 345 0 0
Winmark Corp CS 974250102 10 120 SH   DFND 1 120 0 0
Winnebago Industries Inc CS 974637100 30 1,380 SH   DFND 1 1,380 0 0
Woodward Inc CS 980745103 9 175 SH   DFND 1 175 0 0
World Fuel Svcs Corp CS 981475106 38 805 SH   DFND 1 805 0 0
Wpx Energy Inc CS 98212B103 26 2,235 SH   DFND 1 2,235 0 0
AECOM CS 00766T100 213 6,999 SH   DFND 2 6,999 0 0
Alamo Group Inc CS 011311107 490 10,115 SH   DFND 2 10,115 0 0
American Equity Investment Lif CS 025676206 1,133 38,812 SH   DFND 2 38,812 0 0
Amerisafe Inc CS 03071H100 508 11,995 SH   DFND 2 11,995 0 0
Andersons Inc CS 034164103 811 15,258 SH   DFND 2 15,258 0 0
Applied Indl Technologies Inc CS 03820C105 227 4,980 SH   DFND 2 4,980 0 0
AZZ Inc CS 002474104 1,129 24,060 SH   DFND 2 24,060 0 0
Badger Meter Inc CS 056525108 545 9,185 SH   DFND 2 9,185 0 0
Bancfirst Corp CS 05945F103 385 6,080 SH   DFND 2 6,080 0 0
Bank Of Marin Bancorp/Ca CS 063425102 771 14,670 SH   DFND 2 14,670 0 0
BBCN Bancorp Inc CS 073295107 773 53,739 SH   DFND 2 53,739 0 0
Blount International Inc CS 095180105 624 35,505 SH   DFND 2 35,505 0 0
Bob Evans Farms Inc CS 096761101 906 17,705 SH   DFND 2 17,705 0 0
Bryn Mawr Bank Corp CS 117665109 716 22,885 SH   DFND 2 22,885 0 0
Chatham Lodging Trust CS 16208T102 627 21,636 SH   DFND 2 21,636 0 0
Childrens Pl Retail Stores Inc CS 168905107 1,017 17,840 SH   DFND 2 17,840 0 0
Clean Harbors Inc CS 184496107 755 15,715 SH   DFND 2 15,715 0 0
Convergys Corp CS 212485106 1,082 53,140 SH   DFND 2 53,140 0 0
Cracker Barrel Old Country CS 22410J106 308 2,190 SH   DFND 2 2,190 0 0
Crane Co CS 224399105 647 11,024 SH   DFND 2 11,024 0 0
Cubic Corp CS 229669106 800 15,205 SH   DFND 2 15,205 0 0
Denbury Res Inc CS 247916208 773 95,050 SH   DFND 2 95,050 0 0
Dril-Quip Inc CS 262037104 709 9,240 SH   DFND 2 9,240 0 0
EMCOR Group Inc CS 29084Q100 476 10,694 SH   DFND 2 10,694 0 0
Enstar Group Ltd CS G3075P101 360 2,354 SH   DFND 2 2,354 0 0
Exactech Inc CS 30064e109 803 34,060 SH   DFND 2 34,060 0 0
First Nbc Bank Holding Co CS 32115D106 1,108 31,470 SH   DFND 2 31,470 0 0
Foster Co-A CS 350060109 243 5,005 SH   DFND 2 5,005 0 0
Fox Factory Holding Corp CS 35138V102 610 37,585 SH   DFND 2 37,585 0 0
Genesco Inc CS 371532102 495 6,454 SH   DFND 2 6,454 0 0
Greif Inc-Cl A CS 397624107 732 15,500 SH   DFND 2 15,500 0 0
Hawkins Inc CS 420261109 769 17,755 SH   DFND 2 17,755 0 0
Helen Of Troy Ltd CS G4388N106 515 7,911 SH   DFND 2 7,911 0 0
Hillenbrand Inc CS 431571108 1,074 31,128 SH   DFND 2 31,128 0 0
Horizon Bancorp CS 440407104 888 33,968 SH   DFND 2 33,968 0 0
Innophos Holdings Inc CS 45774N108 265 4,535 SH   DFND 2 4,535 0 0
John Bean Technologies Corp CS 477839104 583 17,750 SH   DFND 2 17,750 0 0
Kadant Inc CS 48282T104 254 5,950 SH   DFND 2 5,950 0 0
Laclede Group Inc CS 505597104 524 9,854 SH   DFND 2 9,854 0 0
Lakeland Financial Corp CS 511656100 677 15,565 SH   DFND 2 15,565 0 0
Littelfuse Inc CS 537008104 971 10,040 SH   DFND 2 10,040 0 0
LTC Properties Inc CS 502175102 511 11,845 SH   DFND 2 11,845 0 0
Madden Steven Ltd CS 556269108 984 30,910 SH   DFND 2 30,910 0 0
Marten Trans Ltd CS 573075108 659 30,140 SH   DFND 2 30,140 0 0
MTS Systems Corp CS 553777103 964 12,845 SH   DFND 2 12,845 0 0
Multi-Color Corp CS 625383104 833 15,035 SH   DFND 2 15,035 0 0
New Jersey Res CS 646025106 667 10,895 SH   DFND 2 10,895 0 0
Newpark Res Inc Com Par $.01Ne CS 651718504 867 90,920 SH   DFND 2 90,920 0 0
Northwestern Corp CS 668074305 661 11,685 SH   DFND 2 11,685 0 0
Primerica Inc CS 74164M108 1,004 18,507 SH   DFND 2 18,507 0 0
ProAssurance Corp CS 74267C106 1,282 28,390 SH   DFND 2 28,390 0 0
Ryman Hospitality Properties I CS 78377T107 621 11,780 SH   DFND 2 11,780 0 0
SEACOR Holdings Inc CS 811904101 775 10,495 SH   DFND 2 10,495 0 0
SM Energy Co CS 78454L100 489 12,670 SH   DFND 2 12,670 0 0
Southside Bancshares Inc CS 84470p109 509 17,605 SH   DFND 2 17,605 0 0
Summit Hotel Properties Inc CS 866082100 646 51,961 SH   DFND 2 51,961 0 0
Tech Data Corp CS 878237106 1,140 18,024 SH   DFND 2 18,024 0 0
Tesco Corp CS 88157K101 821 64,010 SH   DFND 2 64,010 0 0
The Ensign Group Inc CS 29358P101 460 10,370 SH   DFND 2 10,370 0 0
Tompkins Financial CS 890110109 753 13,620 SH   DFND 2 13,620 0 0
Tumi Holdings Inc CS 89969Q104 555 23,375 SH   DFND 2 23,375 0 0
Unifirst Corp Mass CS 904708104 281 2,310 SH   DFND 2 2,310 0 0
United Financial Bancorp Inc CS 910304104 481 33,474 SH   DFND 2 33,474 0 0
United States Lime & Materials CS 911922102 397 5,445 SH   DFND 2 5,445 0 0
US Physical Therapy Inc CS 90337L108 625 14,905 SH   DFND 2 14,905 0 0
Wiley John & Sons Inc Cl A CS 968223206 628 10,595 SH   DFND 2 10,595 0 0
Winmark Corp CS 974250102 295 3,395 SH   DFND 2 3,395 0 0
Winnebago Industries Inc CS 974637100 901 41,390 SH   DFND 2 41,390 0 0
Woodward Inc CS 980745103 245 4,970 SH   DFND 2 4,970 0 0
World Fuel Svcs Corp CS 981475106 1,138 24,255 SH   DFND 2 24,255 0 0
Wpx Energy Inc CS 98212B103 782 67,210 SH   DFND 2 67,210 0 0
iShares Tr Russell 2000 Value EF 464287630 1,580 15,540 SH   DFND 2 15,540 0 0