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
Adtran Inc Com CS 00738A106 941 42,085 SH   DFND 1 42,085 0 0
Alamo Group Inc CS 011311107 769 10,101 SH   DFND 1 10,101 0 0
Allete Inc CS 018522300 1,478 23,024 SH   DFND 1 23,024 0 0
Amerisafe Inc CS 03071H100 1,243 19,942 SH   DFND 1 19,942 0 0
Avx Corp CS 002444107 1,306 83,549 SH   DFND 1 83,549 0 0
Big Lots Inc Com CS 089302103 1,280 25,500 SH   DFND 1 25,500 0 0
Blackstone Mortgage Trust CS 09257w100 1,920 63,855 SH   DFND 1 63,855 0 0
Bryn Mawr Bank Corp CS 117665109 1,536 36,439 SH   DFND 1 36,439 0 0
City Hldg Co CS 177835105 394 5,830 SH   DFND 1 5,830 0 0
Community Trust Bancorp CS 204149108 1,360 27,412 SH   DFND 1 27,412 0 0
Compass Minerals Intl Inc CS 20451N101 1,249 15,945 SH   DFND 1 15,945 0 0
Convergys Corp CS 212485106 1,782 72,547 SH   DFND 1 72,547 0 0
Crane Co CS 224399105 1,118 15,505 SH   DFND 1 15,505 0 0
Deluxe Corp Com CS 248019101 1,513 21,122 SH   DFND 1 21,122 0 0
Diebold Inc CS 253651103 1,251 49,740 SH   DFND 1 49,740 0 0
Dillards Inc-Cl A CS 254067101 931 14,849 SH   DFND 1 14,849 0 0
Dril-Quip Inc CS 262037104 1,151 19,169 SH   DFND 1 19,169 0 0
El Paso Electric Co CS 283677854 1,485 31,939 SH   DFND 1 31,939 0 0
EMCOR Group Inc CS 29084Q100 1,102 15,573 SH   DFND 1 15,573 0 0
Enstar Group Ltd CS G3075P101 896 4,532 SH   DFND 1 4,532 0 0
First Finl Bancorp CS 320209109 778 27,356 SH   DFND 1 27,356 0 0
FTI Consulting Inc CS 302941109 1,247 27,661 SH   DFND 1 27,661 0 0
Gentherm Inc CS 37253A103 742 21,910 SH   DFND 1 21,910 0 0
Hillenbrand Inc CS 431571108 953 24,842 SH   DFND 1 24,842 0 0
Hope Bancorp Inc CS 43940t109 1,799 82,167 SH   DFND 1 82,167 0 0
Horace Mann Educators Corp CS 440327104 1,693 39,554 SH   DFND 1 39,554 0 0
HSN Inc CS 404303109 911 26,554 SH   DFND 1 26,554 0 0
Infinity Ppty & Cas Corp Com CS 45665Q103 1,495 17,007 SH   DFND 1 17,007 0 0
Interdigital Inc CS 45867G101 1,577 17,259 SH   DFND 1 17,259 0 0
ITT Inc CS 45073v108 1,235 32,010 SH   DFND 1 32,010 0 0
John B. Sanfilippo & Son Inc CS 800422107 871 12,371 SH   DFND 1 12,371 0 0
Kadant Inc CS 48282T104 856 13,992 SH   DFND 1 13,992 0 0
Knoll Inc CS 498904200 1,445 51,747 SH   DFND 1 51,747 0 0
Lexington Realty Trust CS 529043101 1,820 168,515 SH   DFND 1 168,515 0 0
Lifepoint Hospitals Inc CS 53219L109 1,094 19,263 SH   DFND 1 19,263 0 0
Madden Steven Ltd CS 556269108 675 18,875 SH   DFND 1 18,875 0 0
Magellan Health Inc CS 559079207 950 12,624 SH   DFND 1 12,624 0 0
Malibu Boats Inc - A CS 56117J100 601 31,505 SH   DFND 1 31,505 0 0
Mantech Intl Corp CS 564563104 519 12,280 SH   DFND 1 12,280 0 0
Mcbc Holdings Inc CS 55276F107 616 42,258 SH   DFND 1 42,258 0 0
Medifast Inc CS 58470H101 976 23,440 SH   DFND 1 23,440 0 0
Meredith Corp CS 589433101 757 12,794 SH   DFND 1 12,794 0 0
Meridian Bioscience Inc CS 589584101 1,302 73,565 SH   DFND 1 73,565 0 0
MGE Energy Inc CS 55277P104 1,301 19,931 SH   DFND 1 19,931 0 0
Moog Inc Cl A CS 615394202 1,135 17,280 SH   DFND 1 17,280 0 0
Murphy Usa Inc CS 626755102 1,878 30,557 SH   DFND 1 30,557 0 0
National Storage Affiliates CS 637870106 1,601 72,545 SH   DFND 1 72,545 0 0
Oceaneering Intl Inc CS 675232102 1,147 40,663 SH   DFND 1 40,663 0 0
Parexel International Corp CS 699462107 1,133 17,235 SH   DFND 1 17,235 0 0
ProAssurance Corp CS 74267C106 936 16,653 SH   DFND 1 16,653 0 0
Regal Beloit Corp CS 758750103 725 10,473 SH   DFND 1 10,473 0 0
Renasant Corp CS 75970e107 1,366 32,350 SH   DFND 1 32,350 0 0
Resources Connection Inc CS 76122Q105 689 35,802 SH   DFND 1 35,802 0 0
Sanderson Farms Inc CS 800013104 1,093 11,600 SH   DFND 1 11,600 0 0
Schweitzer-Mauduit Intl Inc CS 808541106 1,756 38,577 SH   DFND 1 38,577 0 0
Spire Inc CS 84857L101 1,083 16,780 SH   DFND 1 16,780 0 0
Tech Data Corp CS 878237106 715 8,438 SH   DFND 1 8,438 0 0
Tetra Tech Inc CS 88162G103 1,311 30,381 SH   DFND 1 30,381 0 0
Tower International Inc CS 891826109 1,001 35,314 SH   DFND 1 35,314 0 0
Trico Bancshares CS 896095106 1,526 44,639 SH   DFND 1 44,639 0 0
iShares Tr Russell 2000 Value EF 464287630 2,191 18,425 SH   DFND 1 18,425 0 0
Adtran Inc Com CS 00738A106 723 32,345 SH   SOLE   32,345 0 0
Alamo Group Inc CS 011311107 579 7,610 SH   SOLE   7,610 0 0
Allete Inc CS 018522300 1,144 17,820 SH   SOLE   17,820 0 0
Amerisafe Inc CS 03071H100 964 15,460 SH   SOLE   15,460 0 0
Avx Corp CS 002444107 1,013 64,805 SH   SOLE   64,805 0 0
Big Lots Inc Com CS 089302103 987 19,650 SH   SOLE   19,650 0 0
Blackstone Mortgage Trust CS 09257w100 1,481 49,240 SH   SOLE   49,240 0 0
Bryn Mawr Bank Corp CS 117665109 1,191 28,255 SH   SOLE   28,255 0 0
City Hldg Co CS 177835105 305 4,510 SH   SOLE   4,510 0 0
Community Trust Bancorp CS 204149108 1,053 21,220 SH   SOLE   21,220 0 0
Compass Minerals Intl Inc CS 20451N101 963 12,285 SH   SOLE   12,285 0 0
Convergys Corp CS 212485106 1,375 55,980 SH   SOLE   55,980 0 0
Crane Co CS 224399105 839 11,630 SH   SOLE   11,630 0 0
Deluxe Corp Com CS 248019101 1,167 16,300 SH   SOLE   16,300 0 0
Diebold Inc CS 253651103 964 38,335 SH   SOLE   38,335 0 0
Dillards Inc-Cl A CS 254067101 731 11,655 SH   SOLE   11,655 0 0
Dril-Quip Inc CS 262037104 889 14,805 SH   SOLE   14,805 0 0
El Paso Electric Co CS 283677854 1,137 24,450 SH   SOLE   24,450 0 0
EMCOR Group Inc CS 29084Q100 827 11,685 SH   SOLE   11,685 0 0
Enstar Group Ltd CS G3075P101 678 3,430 SH   SOLE   3,430 0 0
First Finl Bancorp CS 320209109 601 21,115 SH   SOLE   21,115 0 0
FTI Consulting Inc CS 302941109 962 21,340 SH   SOLE   21,340 0 0
Gentherm Inc CS 37253A103 540 15,950 SH   SOLE   15,950 0 0
Hillenbrand Inc CS 431571108 706 18,415 SH   SOLE   18,415 0 0
Hope Bancorp Inc CS 43940t109 1,397 63,800 SH   SOLE   63,800 0 0
Horace Mann Educators Corp CS 440327104 1,312 30,645 SH   SOLE   30,645 0 0
HSN Inc CS 404303109 709 20,685 SH   SOLE   20,685 0 0
Infinity Ppty & Cas Corp Com CS 45665Q103 1,163 13,235 SH   SOLE   13,235 0 0
Interdigital Inc CS 45867G101 1,229 13,455 SH   SOLE   13,455 0 0
ITT Inc CS 45073v108 953 24,700 SH   SOLE   24,700 0 0
John B. Sanfilippo & Son Inc CS 800422107 673 9,560 SH   SOLE   9,560 0 0
Kadant Inc CS 48282T104 657 10,730 SH   SOLE   10,730 0 0
Knoll Inc CS 498904200 1,116 39,945 SH   SOLE   39,945 0 0
Lexington Realty Trust CS 529043101 1,402 129,840 SH   SOLE   129,840 0 0
Lifepoint Hospitals Inc CS 53219L109 858 15,110 SH   SOLE   15,110 0 0
Madden Steven Ltd CS 556269108 522 14,615 SH   SOLE   14,615 0 0
Magellan Health Inc CS 559079207 701 9,315 SH   SOLE   9,315 0 0
Malibu Boats Inc - A CS 56117J100 463 24,245 SH   SOLE   24,245 0 0
Mantech Intl Corp CS 564563104 403 9,540 SH   SOLE   9,540 0 0
Mcbc Holdings Inc CS 55276F107 476 32,640 SH   SOLE   32,640 0 0
Medifast Inc CS 58470H101 750 18,020 SH   SOLE   18,020 0 0
Meredith Corp CS 589433101 581 9,815 SH   SOLE   9,815 0 0
Meridian Bioscience Inc CS 589584101 995 56,195 SH   SOLE   56,195 0 0
MGE Energy Inc CS 55277P104 999 15,305 SH   SOLE   15,305 0 0
Moog Inc Cl A CS 615394202 884 13,455 SH   SOLE   13,455 0 0
Murphy Usa Inc CS 626755102 1,485 24,160 SH   SOLE   24,160 0 0
National Storage Affiliates CS 637870106 1,233 55,890 SH   SOLE   55,890 0 0
Oceaneering Intl Inc CS 675232102 886 31,390 SH   SOLE   31,390 0 0
Parexel International Corp CS 699462107 889 13,530 SH   SOLE   13,530 0 0
ProAssurance Corp CS 74267C106 731 13,015 SH   SOLE   13,015 0 0
Regal Beloit Corp CS 758750103 552 7,975 SH   SOLE   7,975 0 0
Renasant Corp CS 75970e107 1,054 24,970 SH   SOLE   24,970 0 0
Resources Connection Inc CS 76122Q105 531 27,590 SH   SOLE   27,590 0 0
Sanderson Farms Inc CS 800013104 842 8,935 SH   SOLE   8,935 0 0
Schweitzer-Mauduit Intl Inc CS 808541106 1,356 29,780 SH   SOLE   29,780 0 0
Spire Inc CS 84857L101 835 12,930 SH   SOLE   12,930 0 0
Tech Data Corp CS 878237106 550 6,495 SH   SOLE   6,495 0 0
Tetra Tech Inc CS 88162G103 1,014 23,505 SH   SOLE   23,505 0 0
Tower International Inc CS 891826109 757 26,690 SH   SOLE   26,690 0 0
Trico Bancshares CS 896095106 1,183 34,620 SH   SOLE   34,620 0 0