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
American Airlines Group Inc Common Stock 001765106 101,161 80,929 SH   SOLE   80,929 0 0
Veolia Environnement SA Common Stock 4031879 1,921,708 84,267 SH   SOLE   84,267 0 0
EDP - Energias de Portugal SA Common Stock 4103596 1,378,319 377,492 SH   SOLE   377,492 0 0
Chocoladefabriken Lindt & Spruengli AG Common Stock 5962279 261,705 45 SH   SOLE   45 0 0
Sumitomo Dainippon Pharma Co Ltd Common Stock 6250865 1,487,812 149,236 SH   SOLE   149,236 0 0
Kirin Holdings Co Ltd Common Stock 6493745 1,563,317 119,598 SH   SOLE   119,598 0 0
Ameren Corp Common Stock 023608102 971,660 22,987 SH   SOLE   22,987 0 0
Andersons Inc/The Common Stock 034164103 1,397,039 41,017 SH   SOLE   41,017 0 0
Anthem Inc Common Stock 036752103 2,059,680 14,712 SH   SOLE   14,712 0 0
Archer-Daniels-Midland Co Common Stock 039483102 1,720,631 41,511 SH   SOLE   41,511 0 0
CR Bard Inc Common Stock 067383109 2,070,836 11,115 SH   SOLE   11,115 0 0
Barrett Business Services Inc Common Stock 068463108 1,556,170 36,249 SH   SOLE   36,249 0 0
Bristol-Myers Squibb Co Common Stock 110122108 584,600 9,875 SH   SOLE   9,875 0 0
Cigna Corp Common Stock 125509109 2,406,867 17,826 SH   SOLE   17,826 0 0
Calavo Growers Inc Common Stock 128246105 2,063,663 46,229 SH   SOLE   46,229 0 0
Children's Place Inc/The Common Stock 168905107 1,257,379 21,803 SH   SOLE   21,803 0 0
Chubb Corp/The Common Stock 171232101 1,579,364 12,877 SH   SOLE   12,877 0 0
Clean Harbors Inc Common Stock 184496107 1,081,002 24,585 SH   SOLE   24,585 0 0
Clorox Co/The Common Stock 189054109 1,582,645 13,699 SH   SOLE   13,699 0 0
Coca-Cola Co/The Common Stock 191216100 621,900 15,501 SH   SOLE   15,501 0 0
Computer Sciences Corp Common Stock 205363104 1,381,971 22,515 SH   SOLE   22,515 0 0
Consolidated Edison Inc Common Stock 209115104 682,605 10,211 SH   SOLE   10,211 0 0
Dillard's Inc Common Stock 254067101 1,185,533 13,566 SH   SOLE   13,566 0 0
RR Donnelley & Sons Co Common Stock 257867101 104,395 7,170 SH   SOLE   7,170 0 0
Emerson Electric Co Common Stock 291011104 99,117 2,244 SH   SOLE   2,244 0 0
Enable Midstream Partners LP MLP 292480100 100,260 7,932 SH   SOLE   7,932 0 0
Ennis Inc Common Stock 293389102 329,250 18,966 SH   SOLE   18,966 0 0
Ferrellgas Partners LP MLP 315293100 516,443 26,149 SH   SOLE   26,149 0 0
FirstEnergy Corp Common Stock 337932107 853,667 27,265 SH   SOLE   27,265 0 0
General Cable Corp Common Stock 369300108 793,611 66,690 SH   SOLE   66,690 0 0
Gilead Sciences Inc Common Stock 375558103 723,366 7,367 SH   SOLE   7,367 0 0
Groupon Inc Common Stock 399473107 925,325 283,842 SH   SOLE   283,842 0 0
Ingles Markets Inc Common Stock 457030104 3,390,956 70,896 SH   SOLE   70,896 0 0
MDU Resources Group Inc Common Stock 552690109 1,435,082 83,435 SH   SOLE   83,435 0 0
Mead Johnson Nutrition Co Common Stock 582839106 1,114,291 15,828 SH   SOLE   15,828 0 0
MedAssets Inc Common Stock 584045108 1,947,164 97,067 SH   SOLE   97,067 0 0
Motorola Solutions Inc Common Stock 620076307 1,425,586 20,848 SH   SOLE   20,848 0 0
National Fuel Gas Co Common Stock 636180101 1,401,039 28,032 SH   SOLE   28,032 0 0
National Retail Properties Inc REIT 637417106 591,854 16,318 SH   SOLE   16,318 0 0
Northern Tier Energy LP MLP 665826103 123,302 5,408 SH   SOLE   5,408 0 0
Owens & Minor Inc Common Stock 690732102 597,054 18,693 SH   SOLE   18,693 0 0
Packaging Corp of America Common Stock 695156109 115,146 1,914 SH   SOLE   1,914 0 0
PAREXEL International Corp Common Stock 699462107 2,069,614 33,424 SH   SOLE   33,424 0 0
Procter & Gamble Co/The Common Stock 742718109 560,916 7,797 SH   SOLE   7,797 0 0
Public Service Enterprise Group Inc Common Stock 744573106 1,904,494 45,173 SH   SOLE   45,173 0 0
Quad/Graphics Inc Common Stock 747301109 74,463 6,154 SH   SOLE   6,154 0 0
Quanex Building Products Corp Common Stock 747619104 1,116,256 61,434 SH   SOLE   61,434 0 0
Realty Income Corp REIT 756109104 133,403 2,815 SH   SOLE   2,815 0 0
Reynolds American Inc Common Stock 761713106 764,277 17,264 SH   SOLE   17,264 0 0
Rite Aid Corp Common Stock 767754104 1,662,579 273,901 SH   SOLE   273,901 0 0
Roundy's Inc Common Stock 779268101 609,564 262,743 SH   SOLE   262,743 0 0
Sanderson Farms Inc Common Stock 800013104 1,766,980 25,769 SH   SOLE   25,769 0 0
Snyder's-Lance Inc Common Stock 833551104 2,363,461 70,070 SH   SOLE   70,070 0 0
SpartanNash Co Common Stock 847215100 684,999 26,499 SH   SOLE   26,499 0 0
SurModics Inc Common Stock 868873100 805,394 36,877 SH   SOLE   36,877 0 0
UIL Holdings Corp Common Stock 902748102 947,992 18,858 SH   SOLE   18,858 0 0
Western Refining Inc Common Stock 959319104 131,213 2,974 SH   SOLE   2,974 0 0
Aegerion Pharmaceuticals Inc Common Stock 00767E102 618,569 45,483 SH   SOLE   45,483 0 0
Covanta Holding Corp Common Stock 22282E102 114,629 6,569 SH   SOLE   6,569 0 0
Edwards Lifesciences Corp Common Stock 28176E108 2,085,492 14,669 SH   SOLE   14,669 0 0
Dr Pepper Snapple Group Inc Common Stock 26138E109 1,544,321 19,536 SH   SOLE   19,536 0 0
AES Corp/VA Common Stock 00130H105 1,383,317 141,299 SH   SOLE   141,299 0 0
AT&T Inc Common Stock 00206R102 587,352 18,028 SH   SOLE   18,028 0 0
AT&T Inc GLOBAL 00206RCN0 478,214 500,000 PRN   SOLE   500,000 0 0
Aetna Inc Common Stock 00817Y108 2,268,945 20,738 SH   SOLE   20,738 0 0
AllianceBernstein Holding LP MLP 01881G106 112,571 4,232 SH   SOLE   4,232 0 0
Alon USA Partners LP MLP 02052T109 162,331 6,964 SH   SOLE   6,964 0 0
Altria Group Inc Common Stock 02209S103 1,200,010 22,059 SH   SOLE   22,059 0 0
B&G Foods Inc Common Stock 05508R106 759,545 20,838 SH   SOLE   20,838 0 0
BioMed Realty LP US DOMESTIC 09064AAG6 494,161 500,000 PRN   SOLE   500,000 0 0
Blackstone Group LP/The MLP 09253U108 99,697 3,148 SH   SOLE   3,148 0 0
British Telecommunications PLC GLOBAL 111021AE1 986,472 660,000 PRN   SOLE   660,000 0 0
Cardinal Health Inc GLOBAL 14149YAY4 496,087 500,000 PRN   SOLE   500,000 0 0
Celestica Inc Common Stock 15101Q108 1,627,723 126,278 SH   SOLE   126,278 0 0
Cisco Systems Inc GLOBAL 17275RAC6 1,294,481 1,270,000 PRN   SOLE   1,270,000 0 0
Citigroup Inc GLOBAL 172967JC6 496,233 500,000 PRN   SOLE   500,000 0 0
Coach Inc GLOBAL 189754AA2 478,088 500,000 PRN   SOLE   500,000 0 0
Colony Capital Inc REIT 19624R106 100,206 5,123 SH   SOLE   5,123 0 0
Compass Bank US DOMESTIC 20453KAA3 467,011 500,000 PRN   SOLE   500,000 0 0
ConAgra Foods Inc GLOBAL 205887BR2 480,507 500,000 PRN   SOLE   500,000 0 0
ConocoPhillips GLOBAL 20825CAQ7 2,181,694 1,800,000 PRN   SOLE   1,800,000 0 0
Corrections Corp of America REIT 22025Y407 106,817 3,616 SH   SOLE   3,616 0 0
Crown Castle International Corp REIT 22822V101 597,913 7,581 SH   SOLE   7,581 0 0
Dominion Resources Inc/VA GLOBAL 25746UCB3 500,776 500,000 PRN   SOLE   500,000 0 0
Dow Chemical Co/The GLOBAL 260543BX0 2,347,073 1,940,000 PRN   SOLE   1,940,000 0 0
Dreyfus Cash Management Open-End Fund 26188J206 4,917,882 4,917,882 SH   SOLE   4,917,882 0 0
Duke Energy Corp GLOBAL 26441CAN5 515,681 500,000 PRN   SOLE   500,000 0 0
EXCO Resources Inc US DOMESTIC 269279AD7 300,000 1,000,000 PRN   SOLE   1,000,000 0 0
Entergy Corp Common Stock 29364G103 2,762,779 42,439 SH   SOLE   42,439 0 0
Express Scripts Holding Co Common Stock 30219G108 1,803,627 22,278 SH   SOLE   22,278 0 0
Ford Motor Co US DOMESTIC 345370BU3 1,091,699 870,000 PRN   SOLE   870,000 0 0
Freeport-McMoRan Inc GLOBAL 35671DAZ8 374,375 500,000 PRN   SOLE   500,000 0 0
Fresh Market Inc/The Common Stock 35804H106 1,000,940 44,309 SH   SOLE   44,309 0 0
Frontier Communications Corp Common Stock 35906A108 91,585 19,281 SH   SOLE   19,281 0 0
GEO Group Inc/The REIT 36162J106 100,759 3,388 SH   SOLE   3,388 0 0
Gaming and Leisure Properties Inc REIT 36467J108 111,375 3,750 SH   SOLE   3,750 0 0
General Motors Co GLOBAL 37045VAE0 509,594 500,000 PRN   SOLE   500,000 0 0
HCA Inc GLOBAL 404121AF2 503,000 500,000 PRN   SOLE   500,000 0 0
HCA Holdings Inc Common Stock 40412C101 1,962,855 25,373 SH   SOLE   25,373 0 0
HSBC Finance Corp GLOBAL 40429CGD8 2,348,563 2,005,000 PRN   SOLE   2,005,000 0 0
Health Net Inc/CA Common Stock 42222G108 2,079,878 34,538 SH   SOLE   34,538 0 0
Hospitality Properties Trust US DOMESTIC 44106MAQ5 529,883 500,000 PRN   SOLE   500,000 0 0
Infinity Pharmaceuticals Inc Common Stock 45665G303 1,117,597 132,260 SH   SOLE   132,260 0 0
Innophos Holdings Inc Common Stock 45774N108 99,496 2,510 SH   SOLE   2,510 0 0
Intelsat Jackson Holdings SA GLOBAL 45824TAC9 589,600 640,000 PRN   SOLE   640,000 0 0
Kinder Morgan Energy Partners LP US DOMESTIC 494550AZ9 673,766 570,000 PRN   SOLE   570,000 0 0
Laboratory Corp of America Holdings Common Stock 50540R409 1,809,713 16,684 SH   SOLE   16,684 0 0
LifePoint Health Inc Common Stock 53219L109 1,872,894 26,416 SH   SOLE   26,416 0 0
Lockheed Martin Corp US DOMESTIC 539830AE9 1,142,426 1,100,000 PRN   SOLE   1,100,000 0 0
Macquarie Infrastructure Corp Common Stock 55608B105 119,381 1,599 SH   SOLE   1,599 0 0
Macy's Inc Common Stock 55616P104 1,081,312 21,070 SH   SOLE   21,070 0 0
Medical Properties Trust Inc REIT 58463J304 105,424 9,532 SH   SOLE   9,532 0 0
Medtronic Inc GLOBAL 585055BC9 513,915 500,000 PRN   SOLE   500,000 0 0
Molina Healthcare Inc Common Stock 60855R100 2,427,444 35,257 SH   SOLE   35,257 0 0
Mondelez International Inc GLOBAL 609207AB1 519,026 500,000 PRN   SOLE   500,000 0 0
Monster Beverage Corp Common Stock 61174X109 2,561,579 18,955 SH   SOLE   18,955 0 0
Motorola Solutions Inc GLOBAL 620076BF5 452,021 500,000 PRN   SOLE   500,000 0 0
National Health Investors Inc REIT 63633D104 115,325 2,006 SH   SOLE   2,006 0 0
NETGEAR Inc Common Stock 64111Q104 1,309,996 44,909 SH   SOLE   44,909 0 0
New Media Investment Group Inc Common Stock 64704V106 89,282 5,775 SH   SOLE   5,775 0 0
New Residential Investment Corp REIT 64828T201 102,822 7,849 SH   SOLE   7,849 0 0
Northrop Grumman Corp US DOMESTIC 666807BA9 548,853 500,000 PRN   SOLE   500,000 0 0
Province of Nova Scotia Canada YANKEE 669827DF1 624,685 500,000 PRN   SOLE   500,000 0 0
OCI Partners LP MLP 67091N108 71,061 7,099 SH   SOLE   7,099 0 0
Omnicell Inc Common Stock 68213N109 712,563 22,912 SH   SOLE   22,912 0 0
ONEOK Partners LP MLP 68268N103 434,687 14,856 SH   SOLE   14,856 0 0
ONEOK Partners LP GLOBAL 68268NAP8 466,396 500,000 PRN   SOLE   500,000 0 0
PDL BioPharma Inc Common Stock 69329Y104 483,217 96,067 SH   SOLE   96,067 0 0
Pacific Gas & Electric Co US DOMESTIC 694308GE1 1,804,424 1,490,000 PRN   SOLE   1,490,000 0 0
Pfizer Inc GLOBAL 717081CY7 977,647 710,000 PRN   SOLE   710,000 0 0
Physicians Realty Trust REIT 71943U104 119,271 7,904 SH   SOLE   7,904 0 0
Pilgrim's Pride Corp Common Stock 72147K108 1,412,146 67,957 SH   SOLE   67,957 0 0
Pitney Bowes Inc GLOBAL 724479AJ9 504,793 500,000 PRN   SOLE   500,000 0 0
Potash Corp of Saskatchewan Inc Common Stock 73755L107 82,632 4,021 SH   SOLE   4,021 0 0
PowerShares DB US Dollar Index Bullish Fund ETP 73936D107 1,000,361 39,855 SH   SOLE   39,855 0 0
Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu GLOBAL 761735AL3 1,058,200 1,040,000 PRN   SOLE   1,040,000 0 0
SPDR Barclays Intermediate Term Treasury ETF ETP 78464A672 1,861,402 30,701 SH   SOLE   30,701 0 0
Sabra Health Care REIT Inc REIT 78573L106 102,896 4,439 SH   SOLE   4,439 0 0
SciClone Pharmaceuticals Inc Common Stock 80862K104 607,417 87,524 SH   SOLE   87,524 0 0
Select Comfort Corp Common Stock 81616X103 1,036,653 47,379 SH   SOLE   47,379 0 0
Sprint Corp GLOBAL 85207UAF2 868,706 1,070,000 PRN   SOLE   1,070,000 0 0
Staples Inc GLOBAL 855030AM4 492,138 500,000 PRN   SOLE   500,000 0 0
Teck Resources Ltd GLOBAL 878742AY1 305,445 500,000 PRN   SOLE   500,000 0 0
Tenet Healthcare Corp GLOBAL 88033GBM1 662,400 640,000 PRN   SOLE   640,000 0 0
Tenet Healthcare Corp GLOBAL 88033GCE8 362,236 340,000 PRN   SOLE   340,000 0 0
Theravance Inc Common Stock 88338T104 279,740 38,961 SH   SOLE   38,961 0 0
USANA Health Sciences Inc Common Stock 90328M107 1,407,449 10,501 SH   SOLE   10,501 0 0
United States Treasury Note/Bond US GOVERNMENT 912810EN4 1,398,965 1,000,000 PRN   SOLE   1,000,000 0 0
United States Treasury Note/Bond US GOVERNMENT 912810EQ7 1,323,002 1,000,000 PRN   SOLE   1,000,000 0 0
United States Treasury Note/Bond US GOVERNMENT 912810EV6 1,436,485 1,000,000 PRN   SOLE   1,000,000 0 0
United Therapeutics Corp Common Stock 91307C102 1,956,132 14,905 SH   SOLE   14,905 0 0
Vector Group Ltd Common Stock 92240M108 682,895 30,203 SH   SOLE   30,203 0 0
Verizon Communications Inc Common Stock 92343V104 538,349 12,373 SH   SOLE   12,373 0 0
Vodafone Group PLC GLOBAL 92857WAP5 783,077 740,000 PRN   SOLE   740,000 0 0
Wal-Mart Stores Inc US DOMESTIC 931142CY7 1,649,217 1,470,000 PRN   SOLE   1,470,000 0 0
Electricite de France SA Common Stock B0NJJ17 980,261 55,704 SH   SOLE   55,704 0 0
Banco Hipotecario SA EURO-DOLLAR B13BWD3 19,938 20,000 PRN   SOLE   20,000 0 0
EDP Renovaveis SA Common Stock B39GNW2 31,097 4,750 SH   SOLE   4,750 0 0
China Longyuan Power Group Corp Ltd Common Stock B4Q2TX3 1,492,879 1,390,611 SH   SOLE   1,390,611 0 0
Algonquin Power & Utilities Corp Common Stock B51BMR7 589,481 83,720 SH   SOLE   83,720 0 0
Otsuka Holdings Co Ltd Common Stock B5LTM93 1,620,495 50,966 SH   SOLE   50,966 0 0
Capital Power Corp Common Stock B61KF83 439,012 31,175 SH   SOLE   31,175 0 0
Coca-Cola HBC AG Common Stock B9895B7 1,807,579 85,420 SH   SOLE   85,420 0 0
WSP Global Inc Common Stock BHR3R21 124,702 3,712 SH   SOLE   3,712 0 0
Abengoa Yield plc Common Stock G00349103 450,607 27,227 SH   SOLE   27,227 0 0
Aircastle Ltd Common Stock G0129K104 113,623 5,513 SH   SOLE   5,513 0 0
Aspen Insurance Holdings Ltd Common Stock G05384105 1,382,390 29,748 SH   SOLE   29,748 0 0
Axis Capital Holdings Ltd Common Stock G0692U109 1,435,506 26,722 SH   SOLE   26,722 0 0
Bunge Ltd Common Stock G16962105 717,754 9,792 SH   SOLE   9,792 0 0
Fresh Del Monte Produce Inc Common Stock G36738105 905,135 22,909 SH   SOLE   22,909 0 0
Nordic American Tankers Ltd Common Stock G65773106 165,832 10,910 SH   SOLE   10,910 0 0
PartnerRe Ltd Common Stock G6852T105 1,539,207 11,083 SH   SOLE   11,083 0 0
Validus Holdings Ltd Common Stock G9319H102 1,460,268 32,400 SH   SOLE   32,400 0 0
Orion Engineered Carbons SA Common Stock L72967109 98,058 6,786 SH   SOLE   6,786 0 0
Flextronics International Ltd Common Stock Y2573F102 1,473,798 139,829 SH   SOLE   139,829 0 0