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
ABERCROMBI COM 002896207 745 27,400 SH   SOLE   0 0 27,400
ADVANCED E COM 007973100 945 19,135 SH   SOLE   0 0 19,135
ALCOA CORP COM 013872106 744 26,576 SH   SOLE   0 0 26,576
ALLSTATE C COM 020002101 1,028 10,932 SH   SOLE   0 0 10,932
ALLY FINAN COM 02005N100 1,067 38,943 SH   SOLE   0 0 38,943
AMC NETWOR COM 00164V103 899 16,119 SH   SOLE   0 0 16,119
APPLIED MA COM 038222105 956 24,186 SH   SOLE   0 0 24,186
ARCBEST CO COM 03937C105 441 14,000 SH   SOLE   0 0 14,000
ARCH COAL COM 039380407 1,088 11,907 SH   SOLE   0 0 11,907
ARTISAN PA COM 04316A108 929 37,100 SH   SOLE   0 0 37,100
ATENTO SA COM L0427L105 342 104,400 SH   SOLE   0 0 104,400
BIOGEN INC COM 09062X103 427 1,805 SH   SOLE   0 0 1,805
BORGWARNER COM 099724106 931 24,269 SH   SOLE   0 0 24,269
BUCKLE INC COM 118440106 502 27,019 SH   SOLE   0 0 27,019
CAN IMPERI COM 136069101 510 6,443 SH   SOLE   0 0 6,443
CANADIAN N COM 136385101 877 32,100 SH   SOLE   0 0 32,100
CAPITAL ON COM 14040H105 901 11,052 SH   SOLE   0 0 11,052
CARDINAL H COM 14149Y108 868 18,188 SH   SOLE   0 0 18,188
CATERPILLA COM 149123101 967 7,154 SH   SOLE   0 0 7,154
CATO CORP- COM 149205106 491 33,077 SH   SOLE   0 0 33,077
CDW CORP/D COM 12514G108 1,035 10,770 SH   SOLE   0 0 10,770
CHICO'S FA COM 168615102 320 77,165 SH   SOLE   0 0 77,165
CIGNA CORP COM 125523100 786 4,892 SH   SOLE   0 0 4,892
CITI TREND COM 17306X102 474 24,719 SH   SOLE   0 0 24,719
CITIGROUP COM 172967424 942 15,180 SH   SOLE   0 0 15,180
CUMMINS IN COM 231021106 1,081 6,900 SH   SOLE   0 0 6,900
CVS HEALTH COM 126650100 739 13,716 SH   SOLE   0 0 13,716
DELTA AIR COM 247361702 859 16,708 SH   SOLE   0 0 16,708
DELUXE COR COM 248019101 753 17,442 SH   SOLE   0 0 17,442
DOMTAR COR COM 257559203 1,081 21,876 SH   SOLE   0 0 21,876
EBAY INC COM 278642103 405 10,947 SH   SOLE   0 0 10,947
EMCOR GROU COM 29084Q100 971 13,288 SH   SOLE   0 0 13,288
FIAT CHRYS COM N31738102 8,352 563,207 SH   SOLE   0 0 563,207
FLEX LTD COM Y2573F102 743 75,700 SH   SOLE   0 0 75,700
GENESCO IN COM 371532102 608 13,600 SH   SOLE   0 0 13,600
GENTEX COR COM 371901109 819 39,700 SH   SOLE   0 0 39,700
GENWORTH F COM 37247D106 474 123,430 SH   SOLE   0 0 123,430
GILDAN ACT COM 375916103 1,059 29,700 SH   SOLE   0 0 29,700
GLOBAL COR COM G39342103 422 62,100 SH   SOLE   0 0 62,100
GOLDMAN SA COM 38141G104 906 4,738 SH   SOLE   0 0 4,738
H&R BLOCK COM 093671105 331 13,856 SH   SOLE   0 0 13,856
HD SUPPLY COM 40416M105 1,047 24,386 SH   SOLE   0 0 24,386
HEIDRICK & COM 422819102 613 15,696 SH   SOLE   0 0 15,696
HIBBETT SP COM 428567101 718 32,059 SH   SOLE   0 0 32,059
HP INC COM 40434L105 833 42,935 SH   SOLE   0 0 42,935
IMPERIAL O COM 453038408 866 31,700 SH   SOLE   0 0 31,700
INNOVIVA I COM 45781M101 444 32,340 SH   SOLE   0 0 32,340
INSIGHT EN COM 45765U103 680 12,513 SH   SOLE   0 0 12,513
INTEL CORP COM 458140100 1,003 18,676 SH   SOLE   0 0 18,676
INTL BUSIN COM 459200101 1,150 8,181 SH   SOLE   0 0 8,181
JABIL INC COM 466313103 1,027 38,747 SH   SOLE   0 0 38,747
KLA-TENCOR COM 482480100 1,153 9,723 SH   SOLE   0 0 9,723
KT CORP-SP ADR 48268K101 719 57,300 SH   SOLE   0 0 57,300
KULICKE & COM 501242101 594 27,200 SH   SOLE   0 0 27,200
LAM RESEAR COM 512807108 1,180 6,600 SH   SOLE   0 0 6,600
LEAR CORP COM 521865204 797 5,869 SH   SOLE   0 0 5,869
LEGG MASON COM 524901105 866 31,600 SH   SOLE   0 0 31,600
LINCOLN NA COM 534187109 924 15,791 SH   SOLE   0 0 15,791
LYONDELLBA COM N53745100 839 10,042 SH   SOLE   0 0 10,042
MACY'S INC COM 55616P104 725 30,460 SH   SOLE   0 0 30,460
MAGNA INTE COM 559222401 871 17,820 SH   SOLE   0 0 17,820
MALLINCKRO COM G5785G107 332 15,470 SH   SOLE   0 0 15,470
MARINEMAX COM 567908108 508 26,298 SH   SOLE   0 0 26,298
MCKESSON C COM 58155Q103 943 8,096 SH   SOLE   0 0 8,096
METLIFE IN COM 59156R108 946 22,279 SH   SOLE   0 0 22,279
MICHAELS C COM 59408Q106 633 56,223 SH   SOLE   0 0 56,223
MICRON TEC COM 595112103 943 23,042 SH   SOLE   0 0 23,042
MIDWESTONE COM 598511103 528 19,393 SH   SOLE   0 0 19,393
MOLINA HEA COM 60855R100 346 2,500 SH   SOLE   0 0 2,500
NATIONAL W COM 638517102 489 1,864 SH   SOLE   0 0 1,864
NATURAL HE COM 63888P406 328 25,600 SH   SOLE   0 0 25,600
NAVIENT CO COM 63938C108 1,019 87,688 SH   SOLE   0 0 87,688
NCR CORPOR COM 62886E108 1,025 37,735 SH   SOLE   0 0 37,735
NORBORD IN COM 65548P403 586 21,615 SH   SOLE   0 0 21,615
NUCOR CORP COM 670346105 921 15,869 SH   SOLE   0 0 15,869
OFG BANCOR COM 67103X102 604 31,000 SH   SOLE   0 0 31,000
OMNICOM GR COM 681919106 888 12,197 SH   SOLE   0 0 12,197
OSHKOSH CO COM 688239201 321 4,300 SH   SOLE   0 0 4,300
OVERSEAS S COM 69036R863 565 253,089 SH   SOLE   0 0 253,089
PIPER JAFF COM 724078100 574 7,858 SH   SOLE   0 0 7,858
PRUDENTIAL COM 744320102 1,031 11,233 SH   SOLE   0 0 11,233
QURATE RET COM 74915M100 759 47,790 SH   SOLE   0 0 47,790
RADIAN GRO COM 750236101 617 30,000 SH   SOLE   0 0 30,000
RELIANCE S COM 759509102 982 10,939 SH   SOLE   0 0 10,939
SANMINA CO COM 801056102 1,026 35,700 SH   SOLE   0 0 35,700
SHOE CARNI COM 824889109 519 15,000 SH   SOLE   0 0 15,000
SOUTHWEST COM 844741108 329 6,400 SH   SOLE   0 0 6,400
STEEL DYNA COM 858119100 890 25,257 SH   SOLE   0 0 25,257
STIFEL FIN COM 860630102 959 17,800 SH   SOLE   0 0 17,800
SYNCHRONY COM 87165B103 1,084 34,152 SH   SOLE   0 0 34,152
TARGET COR COM 87612E106 344 4,300 SH   SOLE   0 0 4,300
TECK RESOU COM 878742204 1,097 47,476 SH   SOLE   0 0 47,476
THOR INDUS COM 885160101 889 14,268 SH   SOLE   0 0 14,268
TOLL BROTH COM 889478103 350 9,700 SH   SOLE   0 0 9,700
TOWER INTE COM 891826109 378 18,089 SH   SOLE   0 0 18,089
TUPPERWARE COM 899896104 695 27,242 SH   SOLE   0 0 27,242
UBS GROUP COM H42097107 7,715 636,587 SH   SOLE   0 0 636,587
UNISYS COR COM 909214306 465 40,960 SH   SOLE   0 0 40,960
UNITED THE COM 91307C102 1,000 8,558 SH   SOLE   0 0 8,558
UNUM GROUP COM 91529Y106 912 27,400 SH   SOLE   0 0 27,400
USA TRUCK COM 902925106 389 27,476 SH   SOLE   0 0 27,476
VERSO CORP COM 92531L207 469 22,630 SH   SOLE   0 0 22,630
VIACOM INC COM 92553P201 823 29,500 SH   SOLE   0 0 29,500
VICTORY CA COM 92645B103 691 45,977 SH   SOLE   0 0 45,977
WADDELL & COM 930059100 479 28,000 SH   SOLE   0 0 28,000
WALGREENS COM 931427108 834 13,243 SH   SOLE   0 0 13,243
WEIS MARKE COM 948849104 483 12,041 SH   SOLE   0 0 12,041
WESTERN DI COM 958102105 1,067 22,247 SH   SOLE   0 0 22,247
WHIRLPOOL COM 963320106 1,048 7,922 SH   SOLE   0 0 7,922