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 1,571 65,455 SH   DFND 1 65,455 0 0
Aircastle Ltd CS G0129K104 2,934 131,645 SH   DFND 1 131,645 0 0
Amc Networks Inc CS 00164V103 3,204 54,790 SH   DFND 1 54,790 0 0
Amerisafe Inc CS 03071H100 1,524 26,182 SH   DFND 1 26,182 0 0
Apollo Commercial Real Estate CS 03762U105 3,351 185,045 SH   DFND 1 185,045 0 0
Armstrong World Industries CS 04247x102 1,620 31,605 SH   DFND 1 31,605 0 0
Astec Inds Inc CS 046224101 2,694 48,105 SH   DFND 1 48,105 0 0
AZZ Inc CS 002474104 1,685 34,605 SH   DFND 1 34,605 0 0
Bank Of Hawaii Corp CS 062540109 2,317 27,790 SH   DFND 1 27,790 0 0
Banner Corp CS 06652V208 2,563 41,820 SH   DFND 1 41,820 0 0
Big Lots Inc CS 089302103 1,631 30,440 SH   DFND 1 30,440 0 0
Blackstone Mortgage Trust CS 09257w100 2,530 81,575 SH   DFND 1 81,575 0 0
Bryn Mawr Bank Corp CS 117665109 1,539 35,142 SH   DFND 1 35,142 0 0
C&J Energy Services Inc CS 12674R100 1,722 57,452 SH   DFND 1 57,452 0 0
Cabot Corp Com CS 127055101 2,382 42,695 SH   DFND 1 42,695 0 0
Cato Corp CS 149205106 1,099 83,065 SH   DFND 1 83,065 0 0
Centerstate Bank Corp CS 15201P109 4,033 150,500 SH   DFND 1 150,500 0 0
Chemical Financial Corp CS 163731102 3,476 66,510 SH   DFND 1 66,510 0 0
Compass Minerals Intl Inc CS 20451N101 1,401 21,585 SH   DFND 1 21,585 0 0
Convergys Corp CS 212485106 2,019 77,980 SH   DFND 1 77,980 0 0
Cooper-Standard Holdings Inc CS 21676P103 2,928 25,245 SH   DFND 1 25,245 0 0
CSG Sys Intl Inc CS 126349109 1,474 36,766 SH   DFND 1 36,766 0 0
Deluxe Corp CS 248019101 3,522 48,267 SH   DFND 1 48,267 0 0
Dril-Quip Inc CS 262037104 3,026 68,549 SH   DFND 1 68,549 0 0
Encore Wire Corp CS 292562105 1,696 37,885 SH   DFND 1 37,885 0 0
Energizer Hldgs Inc CS 29272W109 1,588 34,475 SH   DFND 1 34,475 0 0
Enstar Group Ltd CS G3075P101 1,582 7,117 SH   DFND 1 7,117 0 0
First Finl Bancorp CS 320209109 2,321 88,755 SH   DFND 1 88,755 0 0
First Merchants Corp CS 320817109 3,252 75,761 SH   DFND 1 75,761 0 0
Fresh Del Monte Produce Inc Or CS G36738105 2,834 62,350 SH   DFND 1 62,350 0 0
Hibbett Sports Inc CS 428567101 1,610 112,967 SH   DFND 1 112,967 0 0
Horace Mann Educators Corp CS 440327104 1,543 39,214 SH   DFND 1 39,214 0 0
Horizon Global Corp CS 44052W104 1,647 93,365 SH   DFND 1 93,365 0 0
Houlihan Lokey Inc CS 441593100 2,864 73,200 SH   DFND 1 73,200 0 0
Infinity Ppty & Cas Corp CS 45665Q103 1,491 15,826 SH   DFND 1 15,826 0 0
Jeld-Wen Holding Inc CS 47580P103 1,599 45,015 SH   DFND 1 45,015 0 0
Kaman Corp CS 483548103 2,935 52,610 SH   DFND 1 52,610 0 0
Knoll Inc CS 498904200 3,229 161,467 SH   DFND 1 161,467 0 0
Lexington Realty Trust CS 529043101 3,104 303,735 SH   DFND 1 303,735 0 0
Lifepoint Hospitals Inc CS 53219L109 2,834 48,938 SH   DFND 1 48,938 0 0
LTC Properties Inc CS 502175102 2,911 61,960 SH   DFND 1 61,960 0 0
Magellan Health Inc CS 559079207 2,436 28,229 SH   DFND 1 28,229 0 0
Methode Electronics Inc CS 591520200 2,356 55,620 SH   DFND 1 55,620 0 0
Moelis & Co - Class A CS 60786M105 1,927 44,753 SH   DFND 1 44,753 0 0
NetGear Inc CS 64111Q104 1,809 38,000 SH   DFND 1 38,000 0 0
Northwestern Corp CS 668074305 3,177 55,800 SH   DFND 1 55,800 0 0
Oceaneering Intl Inc CS 675232102 2,103 80,038 SH   DFND 1 80,038 0 0
Owens & Minor Inc CS 690732102 1,867 63,930 SH   DFND 1 63,930 0 0
Plantronics Inc CS 727493108 1,470 33,245 SH   DFND 1 33,245 0 0
Plexus Corp CS 729132100 3,241 57,785 SH   DFND 1 57,785 0 0
Renasant Corp CS 75970e107 1,553 36,210 SH   DFND 1 36,210 0 0
Schweitzer-Mauduit Intl Inc CS 808541106 3,659 88,248 SH   DFND 1 88,248 0 0
Simpson Manufacturing Co Inc CS 829073105 3,743 76,325 SH   DFND 1 76,325 0 0
Src Energy Inc CS 78470V108 3,218 332,735 SH   DFND 1 332,735 0 0
Tanger Factory Outlet Ctrs Inc CS 875465106 2,875 117,715 SH   DFND 1 117,715 0 0
Tech Data Corp CS 878237106 3,145 35,398 SH   DFND 1 35,398 0 0
Tenneco Inc CS 880349105 3,865 63,710 SH   DFND 1 63,710 0 0
Tetra Tech Inc CS 88162G103 1,717 36,886 SH   DFND 1 36,886 0 0
Topbuild Corp CS 89055F103 1,653 25,365 SH   DFND 1 25,365 0 0
Travelport Worldwide Ltd CS G9019D104 3,491 222,330 SH   DFND 1 222,330 0 0
Triumph Group Inc CS 896818101 1,630 54,775 SH   DFND 1 54,775 0 0
Urban Outfitters Inc Com CS 917047102 1,594 66,710 SH   DFND 1 66,710 0 0
Valmont Inds Inc CS 920253101 1,563 9,885 SH   DFND 1 9,885 0 0
Watts Water Technologies Inc CS 942749102 1,594 23,030 SH   DFND 1 23,030 0 0
Wesco Intl Inc CS 95082P105 2,502 42,955 SH   DFND 1 42,955 0 0
World Fuel Svcs Corp CS 981475106 2,156 63,575 SH   DFND 1 63,575 0 0
ADTRAN Inc CS 00738A106 584 24,350 SH   SOLE   24,350 0 0
Aircastle Ltd CS G0129K104 1,091 48,935 SH   SOLE   48,935 0 0
Amc Networks Inc CS 00164V103 1,180 20,185 SH   SOLE   20,185 0 0
Amerisafe Inc CS 03071H100 567 9,750 SH   SOLE   9,750 0 0
Apollo Commercial Real Estate CS 03762U105 1,246 68,780 SH   SOLE   68,780 0 0
Armstrong World Industries CS 04247x102 602 11,740 SH   SOLE   11,740 0 0
Astec Inds Inc CS 046224101 994 17,740 SH   SOLE   17,740 0 0
AZZ Inc CS 002474104 633 12,990 SH   SOLE   12,990 0 0
Bank Of Hawaii Corp CS 062540109 862 10,345 SH   SOLE   10,345 0 0
Banner Corp CS 06652V208 954 15,565 SH   SOLE   15,565 0 0
Big Lots Inc CS 089302103 607 11,330 SH   SOLE   11,330 0 0
Blackstone Mortgage Trust CS 09257w100 947 30,520 SH   SOLE   30,520 0 0
Bryn Mawr Bank Corp CS 117665109 581 13,260 SH   SOLE   13,260 0 0
C&J Energy Services Inc CS 12674R100 640 21,349 SH   SOLE   21,349 0 0
Cabot Corp Com CS 127055101 872 15,625 SH   SOLE   15,625 0 0
Cato Corp CS 149205106 409 30,920 SH   SOLE   30,920 0 0
Centerstate Bank Corp CS 15201P109 1,486 55,435 SH   SOLE   55,435 0 0
Chemical Financial Corp CS 163731102 1,308 25,030 SH   SOLE   25,030 0 0
Compass Minerals Intl Inc CS 20451N101 522 8,040 SH   SOLE   8,040 0 0
Convergys Corp CS 212485106 750 28,986 SH   SOLE   28,986 0 0
Cooper-Standard Holdings Inc CS 21676P103 1,096 9,455 SH   SOLE   9,455 0 0
CSG Sys Intl Inc CS 126349109 549 13,688 SH   SOLE   13,688 0 0
Deluxe Corp CS 248019101 1,303 17,865 SH   SOLE   17,865 0 0
Dril-Quip Inc CS 262037104 1,117 25,300 SH   SOLE   25,300 0 0
Encore Wire Corp CS 292562105 638 14,255 SH   SOLE   14,255 0 0
Energizer Hldgs Inc CS 29272W109 591 12,825 SH   SOLE   12,825 0 0
Enstar Group Ltd CS G3075P101 594 2,670 SH   SOLE   2,670 0 0
First Finl Bancorp CS 320209109 869 33,230 SH   SOLE   33,230 0 0
First Merchants Corp CS 320817109 1,219 28,393 SH   SOLE   28,393 0 0
Fresh Del Monte Produce Inc Or CS G36738105 1,054 23,175 SH   SOLE   23,175 0 0
Hibbett Sports Inc CS 428567101 599 42,048 SH   SOLE   42,048 0 0
Horace Mann Educators Corp CS 440327104 581 14,775 SH   SOLE   14,775 0 0
Horizon Global Corp CS 44052W104 613 34,755 SH   SOLE   34,755 0 0
Houlihan Lokey Inc CS 441593100 1,065 27,205 SH   SOLE   27,205 0 0
Infinity Ppty & Cas Corp CS 45665Q103 562 5,961 SH   SOLE   5,961 0 0
Jeld-Wen Holding Inc CS 47580P103 601 16,925 SH   SOLE   16,925 0 0
Kaman Corp CS 483548103 1,092 19,570 SH   SOLE   19,570 0 0
Knoll Inc CS 498904200 1,200 60,020 SH   SOLE   60,020 0 0
Lexington Realty Trust CS 529043101 1,155 113,015 SH   SOLE   113,015 0 0
Lifepoint Hospitals Inc CS 53219L109 1,054 18,205 SH   SOLE   18,205 0 0
LTC Properties Inc CS 502175102 1,083 23,045 SH   SOLE   23,045 0 0
Magellan Health Inc CS 559079207 905 10,490 SH   SOLE   10,490 0 0
Methode Electronics Inc CS 591520200 876 20,695 SH   SOLE   20,695 0 0
Moelis & Co - Class A CS 60786M105 723 16,792 SH   SOLE   16,792 0 0
NetGear Inc CS 64111Q104 680 14,285 SH   SOLE   14,285 0 0
Northwestern Corp CS 668074305 1,181 20,740 SH   SOLE   20,740 0 0
Oceaneering Intl Inc CS 675232102 782 29,755 SH   SOLE   29,755 0 0
Owens & Minor Inc CS 690732102 682 23,360 SH   SOLE   23,360 0 0
Plantronics Inc CS 727493108 547 12,365 SH   SOLE   12,365 0 0
Plexus Corp CS 729132100 1,201 21,415 SH   SOLE   21,415 0 0
Renasant Corp CS 75970e107 593 13,825 SH   SOLE   13,825 0 0
Schweitzer-Mauduit Intl Inc CS 808541106 1,361 32,824 SH   SOLE   32,824 0 0
Simpson Manufacturing Co Inc CS 829073105 1,391 28,370 SH   SOLE   28,370 0 0
Src Energy Inc CS 78470V108 1,187 122,770 SH   SOLE   122,770 0 0
Tanger Factory Outlet Ctrs Inc CS 875465106 1,070 43,805 SH   SOLE   43,805 0 0
Tech Data Corp CS 878237106 1,171 13,175 SH   SOLE   13,175 0 0
Tenneco Inc CS 880349105 1,437 23,690 SH   SOLE   23,690 0 0
Tetra Tech Inc CS 88162G103 643 13,820 SH   SOLE   13,820 0 0
Topbuild Corp CS 89055F103 618 9,480 SH   SOLE   9,480 0 0
Travelport Worldwide Ltd CS G9019D104 1,307 83,250 SH   SOLE   83,250 0 0
Triumph Group Inc CS 896818101 605 20,325 SH   SOLE   20,325 0 0
Urban Outfitters Inc Com CS 917047102 594 24,835 SH   SOLE   24,835 0 0
Valmont Inds Inc CS 920253101 577 3,650 SH   SOLE   3,650 0 0
Watts Water Technologies Inc CS 942749102 602 8,705 SH   SOLE   8,705 0 0
Wesco Intl Inc CS 95082P105 921 15,810 SH   SOLE   15,810 0 0
World Fuel Svcs Corp CS 981475106 802 23,665 SH   SOLE   23,665 0 0