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 CS 00738A106 1,812 87,735 SH   DFND 1 87,735 0 0
Aircastle Ltd CS G0129K104 2,608 119,920 SH   DFND 1 119,920 0 0
Allete Inc CS 018522300 1,566 21,849 SH   DFND 1 21,849 0 0
Amc Networks Inc CS 00164V103 2,629 49,215 SH   DFND 1 49,215 0 0
Amerisafe Inc CS 03071H100 2,014 35,357 SH   DFND 1 35,357 0 0
Apollo Commercial Real Estate CS 03762U105 3,052 164,545 SH   DFND 1 164,545 0 0
Astec Inds Inc CS 046224101 1,482 26,700 SH   DFND 1 26,700 0 0
ATN International Inc CS 00215F107 2,037 29,765 SH   DFND 1 29,765 0 0
AZZ Inc CS 002474104 1,931 34,605 SH   DFND 1 34,605 0 0
Bank Of Hawaii Corp CS 062540109 2,306 27,790 SH   DFND 1 27,790 0 0
Banner Corp CS 06652V208 2,363 41,820 SH   DFND 1 41,820 0 0
Belden Inc CS 077454106 1,533 20,325 SH   DFND 1 20,325 0 0
Big Lots Inc CS 089302103 2,318 47,995 SH   DFND 1 47,995 0 0
Blackstone Mortgage Trust CS 09257w100 3,463 109,585 SH   DFND 1 109,585 0 0
Bryn Mawr Bank Corp CS 117665109 1,494 35,142 SH   DFND 1 35,142 0 0
C&J Energy Services Inc CS 12674R100 3,009 87,797 SH   DFND 1 87,797 0 0
Cabot Corp Com CS 127055101 2,281 42,695 SH   DFND 1 42,695 0 0
Cato Corp CS 149205106 1,865 106,040 SH   DFND 1 106,040 0 0
Centerstate Banks Inc CS 15201P109 1,538 61,870 SH   DFND 1 61,870 0 0
Chemical Financial Corp CS 163731102 3,220 66,510 SH   DFND 1 66,510 0 0
Compass Minerals Intl Inc CS 20451N101 3,007 46,055 SH   DFND 1 46,055 0 0
Convergys Corp CS 212485106 2,582 108,567 SH   DFND 1 108,567 0 0
CSG Sys Intl Inc CS 126349109 1,990 49,040 SH   DFND 1 49,040 0 0
Dean Foods Co CS 242370203 1,442 84,830 SH   DFND 1 84,830 0 0
Deluxe Corp CS 248019101 3,077 44,457 SH   DFND 1 44,457 0 0
Diebold Inc CS 253651103 1,400 50,015 SH   DFND 1 50,015 0 0
Dril-Quip Inc CS 262037104 3,647 74,724 SH   DFND 1 74,724 0 0
Energizer Hldgs Inc CS 29272W109 1,363 28,385 SH   DFND 1 28,385 0 0
Enstar Group Ltd CS G3075P101 1,830 9,212 SH   DFND 1 9,212 0 0
First Finl Bancorp CS 320209109 2,924 105,570 SH   DFND 1 105,570 0 0
First Merchants Corp CS 320817109 3,041 75,761 SH   DFND 1 75,761 0 0
Fresh Del Monte Produce Inc Or CS G36738105 1,533 30,115 SH   DFND 1 30,115 0 0
Heartland Express Inc CS 422347104 3,274 157,240 SH   DFND 1 157,240 0 0
Heritage Commerce Corp CS 426927109 737 53,494 SH   DFND 1 53,494 0 0
Hibbett Sports Inc CS 428567101 2,288 110,285 SH   DFND 1 110,285 0 0
Horace Mann Educators Corp CS 440327104 2,029 53,689 SH   DFND 1 53,689 0 0
HSN Inc CS 404303109 1,371 42,984 SH   DFND 1 42,984 0 0
Infinity Ppty & Cas Corp CS 45665Q103 1,804 19,187 SH   DFND 1 19,187 0 0
Kaman Corp CS 483548103 2,624 52,610 SH   DFND 1 52,610 0 0
Knoll Inc CS 498904200 2,256 112,517 SH   DFND 1 112,517 0 0
Lexington Realty Trust CS 529043101 3,010 303,735 SH   DFND 1 303,735 0 0
Lifepoint Hospitals Inc CS 53219L109 3,286 48,938 SH   DFND 1 48,938 0 0
LTC Properties Inc CS 502175102 3,184 61,960 SH   DFND 1 61,960 0 0
Madden Steven Ltd CS 556269108 1,739 43,525 SH   DFND 1 43,525 0 0
Magellan Health Inc CS 559079207 3,239 44,424 SH   DFND 1 44,424 0 0
Medifast Inc CS 58470H101 2,004 48,330 SH   DFND 1 48,330 0 0
Methode Electronics Inc CS 591520200 2,292 55,620 SH   DFND 1 55,620 0 0
Murphy Usa Inc CS 626755102 1,664 22,452 SH   DFND 1 22,452 0 0
Northwestern Corp CS 668074305 3,405 55,800 SH   DFND 1 55,800 0 0
Oceaneering Intl Inc CS 675232102 2,354 103,048 SH   DFND 1 103,048 0 0
Owens & Minor Inc CS 690732102 3,108 96,540 SH   DFND 1 96,540 0 0
Plexus Corp CS 729132100 2,727 51,870 SH   DFND 1 51,870 0 0
Renasant Corp CS 75970e107 2,011 45,965 SH   DFND 1 45,965 0 0
Sanderson Farms Inc CS 800013104 1,384 11,965 SH   DFND 1 11,965 0 0
Schweitzer-Mauduit Intl Inc CS 808541106 3,662 98,362 SH   DFND 1 98,362 0 0
Simpson Manufacturing Co Inc CS 829073105 2,282 52,200 SH   DFND 1 52,200 0 0
Spire Inc CS 84857L101 1,555 22,290 SH   DFND 1 22,290 0 0
Tanger Factory Outlet Ctrs Inc CS 875465106 2,623 100,975 SH   DFND 1 100,975 0 0
Tech Data Corp CS 878237106 2,406 23,818 SH   DFND 1 23,818 0 0
Terex Corp CS 880779103 1,774 47,310 SH   DFND 1 47,310 0 0
Tetra Tech Inc CS 88162G103 1,688 36,886 SH   DFND 1 36,886 0 0
Trico Bancshares CS 896095106 1,527 43,444 SH   DFND 1 43,444 0 0
Urban Outfitters Inc Com CS 917047102 1,672 90,210 SH   DFND 1 90,210 0 0
Valmont Inds Inc CS 920253101 2,275 15,210 SH   DFND 1 15,210 0 0
Watts Water Technologies Inc CS 942749102 1,455 23,030 SH   DFND 1 23,030 0 0
Wesco Intl Inc CS 95082P105 1,632 28,480 SH   DFND 1 28,480 0 0
World Fuel Svcs Corp CS 981475106 2,872 74,690 SH   DFND 1 74,690 0 0
ADTRAN Inc CS 00738A106 668 32,345 SH   SOLE   32,345 0 0
Aircastle Ltd CS G0129K104 970 44,620 SH   SOLE   44,620 0 0
Allete Inc CS 018522300 578 8,070 SH   SOLE   8,070 0 0
Amc Networks Inc CS 00164V103 976 18,280 SH   SOLE   18,280 0 0
Amerisafe Inc CS 03071H100 747 13,110 SH   SOLE   13,110 0 0
Apollo Commercial Real Estate CS 03762U105 1,136 61,220 SH   SOLE   61,220 0 0
Astec Inds Inc CS 046224101 545 9,820 SH   SOLE   9,820 0 0
ATN International Inc CS 00215F107 749 10,940 SH   SOLE   10,940 0 0
AZZ Inc CS 002474104 725 12,990 SH   SOLE   12,990 0 0
Bank Of Hawaii Corp CS 062540109 858 10,345 SH   SOLE   10,345 0 0
Banner Corp CS 06652V208 880 15,565 SH   SOLE   15,565 0 0
Belden Inc CS 077454106 570 7,560 SH   SOLE   7,560 0 0
Big Lots Inc CS 089302103 861 17,820 SH   SOLE   17,820 0 0
Blackstone Mortgage Trust CS 09257w100 1,288 40,765 SH   SOLE   40,765 0 0
Bryn Mawr Bank Corp CS 117665109 564 13,260 SH   SOLE   13,260 0 0
C&J Energy Services Inc CS 12674R100 1,118 32,614 SH   SOLE   32,614 0 0
Cabot Corp Com CS 127055101 835 15,625 SH   SOLE   15,625 0 0
Cato Corp CS 149205106 693 39,405 SH   SOLE   39,405 0 0
Centerstate Banks Inc CS 15201P109 572 23,020 SH   SOLE   23,020 0 0
Chemical Financial Corp CS 163731102 1,212 25,030 SH   SOLE   25,030 0 0
Compass Minerals Intl Inc CS 20451N101 1,119 17,140 SH   SOLE   17,140 0 0
Convergys Corp CS 212485106 961 40,400 SH   SOLE   40,400 0 0
CSG Sys Intl Inc CS 126349109 743 18,310 SH   SOLE   18,310 0 0
Dean Foods Co CS 242370203 529 31,120 SH   SOLE   31,120 0 0
Deluxe Corp CS 248019101 1,145 16,545 SH   SOLE   16,545 0 0
Diebold Inc CS 253651103 521 18,610 SH   SOLE   18,610 0 0
Dril-Quip Inc CS 262037104 1,354 27,745 SH   SOLE   27,745 0 0
Energizer Hldgs Inc CS 29272W109 507 10,565 SH   SOLE   10,565 0 0
Enstar Group Ltd CS G3075P101 681 3,430 SH   SOLE   3,430 0 0
First Finl Bancorp CS 320209109 1,096 39,560 SH   SOLE   39,560 0 0
First Merchants Corp CS 320817109 1,140 28,393 SH   SOLE   28,393 0 0
Fresh Del Monte Produce Inc Or CS G36738105 578 11,355 SH   SOLE   11,355 0 0
Heartland Express Inc CS 422347104 1,221 58,640 SH   SOLE   58,640 0 0
Heritage Commerce Corp CS 426927109 282 20,467 SH   SOLE   20,467 0 0
Hibbett Sports Inc CS 428567101 845 40,735 SH   SOLE   40,735 0 0
Horace Mann Educators Corp CS 440327104 754 19,960 SH   SOLE   19,960 0 0
HSN Inc CS 404303109 510 15,975 SH   SOLE   15,975 0 0
Infinity Ppty & Cas Corp CS 45665Q103 672 7,145 SH   SOLE   7,145 0 0
Kaman Corp CS 483548103 976 19,570 SH   SOLE   19,570 0 0
Knoll Inc CS 498904200 839 41,870 SH   SOLE   41,870 0 0
Lexington Realty Trust CS 529043101 1,120 113,015 SH   SOLE   113,015 0 0
Lifepoint Hospitals Inc CS 53219L109 1,222 18,205 SH   SOLE   18,205 0 0
LTC Properties Inc CS 502175102 1,184 23,045 SH   SOLE   23,045 0 0
Madden Steven Ltd CS 556269108 645 16,140 SH   SOLE   16,140 0 0
Magellan Health Inc CS 559079207 1,205 16,525 SH   SOLE   16,525 0 0
Medifast Inc CS 58470H101 747 18,020 SH   SOLE   18,020 0 0
Methode Electronics Inc CS 591520200 853 20,695 SH   SOLE   20,695 0 0
Murphy Usa Inc CS 626755102 619 8,350 SH   SOLE   8,350 0 0
Northwestern Corp CS 668074305 1,266 20,740 SH   SOLE   20,740 0 0
Oceaneering Intl Inc CS 675232102 868 38,015 SH   SOLE   38,015 0 0
Owens & Minor Inc CS 690732102 1,156 35,925 SH   SOLE   35,925 0 0
Plexus Corp CS 729132100 1,014 19,295 SH   SOLE   19,295 0 0
Renasant Corp CS 75970e107 754 17,230 SH   SOLE   17,230 0 0
Sanderson Farms Inc CS 800013104 515 4,455 SH   SOLE   4,455 0 0
Schweitzer-Mauduit Intl Inc CS 808541106 1,363 36,600 SH   SOLE   36,600 0 0
Simpson Manufacturing Co Inc CS 829073105 858 19,640 SH   SOLE   19,640 0 0
Spire Inc CS 84857L101 580 8,320 SH   SOLE   8,320 0 0
Tanger Factory Outlet Ctrs Inc CS 875465106 976 37,575 SH   SOLE   37,575 0 0
Tech Data Corp CS 878237106 894 8,855 SH   SOLE   8,855 0 0
Terex Corp CS 880779103 660 17,605 SH   SOLE   17,605 0 0
Tetra Tech Inc CS 88162G103 632 13,820 SH   SOLE   13,820 0 0
Trico Bancshares CS 896095106 568 16,170 SH   SOLE   16,170 0 0
Urban Outfitters Inc Com CS 917047102 622 33,565 SH   SOLE   33,565 0 0
Valmont Inds Inc CS 920253101 846 5,655 SH   SOLE   5,655 0 0
Watts Water Technologies Inc CS 942749102 550 8,705 SH   SOLE   8,705 0 0
Wesco Intl Inc CS 95082P105 605 10,560 SH   SOLE   10,560 0 0
World Fuel Svcs Corp CS 981475106 1,062 27,620 SH   SOLE   27,620 0 0