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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COMMON 88579Y101   8 90 SH   SOLE 1 90 0 0
ABBOTT LABORATORIES COMMON 002824100   13 203 SH   SOLE 1 203 0 0
ABERCROMBIE & FITCH CO-CL A COMMON 002896207   0 11 SH   SOLE 1 11 0 0
ABIOMED INC COMMON 003654100   259 12,353 SH   SOLE 1 12,353 0 0
ACCENTURE PLC COMMON G1151C101   7,701 109,981 SH   SOLE 1 109,981 0 0
ACE LTD COMMON H0023R105   3,458 45,744 SH   SOLE 1 45,744 0 0
WATSON PHARMACEUTICALS COMMON 00507K103   2,058 24,170 SH   SOLE 1 24,170 0 0
ACTIVISION BLIZZARD INC COMMON 00507V109   1,098 97,444 SH   SOLE 1 97,444 0 0
ACTUATE CORPORATION COMMON 00508B102   293 41,706 SH   SOLE 1 41,706 0 0
ADOBE SYS INCORP COMMON 00724F101   1,922 59,260 SH   SOLE 1 59,260 0 0
ADTRAN INC COMMON 00738A106   215 12,472 SH   SOLE 1 12,472 0 0
ADVANCE AUTO PARTS COMMON 00751Y106   2,989 43,685 SH   SOLE 1 43,685 0 0
ADVANCED MICRO DEVICES INC. COMMON 007903107   0 76 SH   SOLE 1 76 0 0
AES CORP. COMMON 00130H105   0 83 SH   SOLE 1 83 0 0
AETNA INC NEW COMMON 00817Y108   675 17,050 SH   SOLE 1 17,050 0 0
AFFILIATED MANAGERS GROUP COMMON 008252108   963 7,836 SH   SOLE 1 7,836 0 0
AFLAC CORP. COMMON 001055102   1,204 25,151 SH   SOLE 1 25,151 0 0
AGCO CORP COMMON 001084102   1,908 40,204 SH   SOLE 1 40,204 0 0
AGILENT TECHNOLOGIES INC COMMON 00846U101   1,013 26,360 SH   SOLE 1 26,360 0 0
AGL RESOURCES INC COMMON 001204106   0 15 SH   SOLE 1 15 0 0
AIR PRODUCTS & CHEMICALS INC. COMMON 009158106   2 27 SH   SOLE 1 27 0 0
AIRGAS INC. COMMON 009363102   0 9 SH   SOLE 1 9 0 0
AKAMAI TECHNOLOGIES COMMON 00971T101   4,389 114,735 SH   SOLE 1 114,735 0 0
ALCOA INC COMMON 013817101   6 715 SH   SOLE 1 715 0 0
ALERE INC COMMON 01449J105   1,887 96,828 SH   SOLE 1 96,828 0 0
ALEXION PHARMACEUTICALS INC COMMON 015351109   2 25 SH   SOLE 1 25 0 0
ALIGN TECHNOLOGY INC COMMON 016255101   374 10,124 SH   SOLE 1 10,124 0 0
ALLEGHENY TECHNOLOGIES INC COMMON 01741R102   0 14 SH   SOLE 1 14 0 0
ALLERGAN INC COMMON 018490102   3 40 SH   SOLE 1 40 0 0
ALLSTATE CORP. COMMON 020002101   1,920 48,494 SH   SOLE 1 48,494 0 0
ALPHA NATURAL RESOURCES INC COMMON 02076X102   0 28 SH   SOLE 1 28 0 0
ALTERA CORPORATION COMMON 021441100   1 42 SH   SOLE 1 42 0 0
ALTERRA CAPITAL HOLDINGS COMMON G0229R108   3,821 159,623 SH   SOLE 1 159,623 0 0
ALTRIA GROUP INC COMMON 02209S103   37 1,125 SH   SOLE 1 1,125 0 0
AMAG PHARMACEUTICALS INC COMMON 00163U106   302 17,026 SH   SOLE 1 17,026 0 0
AMAZON.COM INC COMMON 023135106   11 47 SH   SOLE 1 47 0 0
AMDOCS LTD COMMON G02602103   1,002 30,400 SH   SOLE 1 30,400 0 0
AMEDISYS INC COMMON 023436108   431 31,220 SH   SOLE 1 31,220 0 0
AMEREN CORP COMMON 023608102   1 31 SH   SOLE 1 31 0 0
AMERICAN AXLE & MANUFACTURING COMMON 024061103   5,888 522,466 SH   SOLE 1 522,466 0 0
AMERICAN ELECTRIC POWER CO. COMMON 025537101   2 63 SH   SOLE 1 63 0 0
AMERICAN EQUITY INVT LIFE COMMON 025676206   4,310 370,650 SH   SOLE 1 370,650 0 0
AMERICAN EXPRESS CO. COMMON 025816109   4,061 71,424 SH   SOLE 1 71,424 0 0
AMERICAN FINANCIAL GROUP INC COMMON 025932104   1,079 28,494 SH   SOLE 1 28,494 0 0
AMERICAN INTERNATIONAL GROUP COMMON 026874784   4 151 SH   SOLE 1 151 0 0
AMERICAN STATES WATER CO COMMON 029899101   2,376 53,482 SH   SOLE 1 53,482 0 0
AMERICAN TOWER CORP COMMON 03027X100   3 51 SH   SOLE 1 51 0 0
AMERIPRISE FINANCIAL INC COMMON 03076C106   1 28 SH   SOLE 1 28 0 0
AMERISOURCEBERGEN CORP COMMON 03073E105   1,742 45,015 SH   SOLE 1 45,015 0 0
AMERISTAR CASINOS INC COMMON 03070Q101   5,433 305,240 SH   SOLE 1 305,240 0 0
AMGEN COMMON 031162100   3,272 38,819 SH   SOLE 1 38,819 0 0
AMPHENOL CORP-CL A COMMON 032095101   3,704 62,911 SH   SOLE 1 62,911 0 0
AMTRUST FINANCIAL SERVICES COMMON 032359309   3,319 129,578 SH   SOLE 1 129,578 0 0
ANADARKO PETROLEUM CORP. COMMON 032511107   4 65 SH   SOLE 1 65 0 0
ANALOG DEVICES INC. COMMON 032654105   1 39 SH   SOLE 1 39 0 0
ANALOGIC CORP. COMMON 032657207   328 4,212 SH   SOLE 1 4,212 0 0
ANCESTRY.COM INC COMMON 032803108   244 8,116 SH   SOLE 1 8,116 0 0
ANN INC COMMON 035623107   366 9,727 SH   SOLE 1 9,727 0 0
WELLPOINT INC. COMMON 036752103   1,807 31,160 SH   SOLE 1 31,160 0 0
AON PLC COMMON G0408V102   2 42 SH   SOLE 1 42 0 0
APACHE CORP COMMON 037411105   2,347 27,145 SH   SOLE 1 27,145 0 0
APARTMENT INVT & MGMT CO-A COMMON 03748R101   2,592 99,762 SH   SOLE 1 99,762 0 0
APOLLO GROUP INC-CL A COMMON 037604105   0 13 SH   SOLE 1 13 0 0
APPLE INC. COMMON 037833100   16,179 24,254 SH   SOLE 1 24,254 0 0
APPLIED INDUSTRIAL TECHNOLOGY COMMON 03820C105   240 5,793 SH   SOLE 1 5,793 0 0
APPLIED MATERIALS INC COMMON 038222105   1,010 90,520 SH   SOLE 1 90,520 0 0
ARKANSAS BEST CO. COMMON 03937C105   47 6,000 SH   SOLE 1 6,000 0 0
ARCHER DANIELS MIDLAND CO. COMMON 039483102   2 85 SH   SOLE 1 85 0 0
ARROW ELECTRONICS INC COMMON 042735100   3,054 90,605 SH   SOLE 1 90,605 0 0
ARTHROCARE CORP COMMON 043136100   149 4,626 SH   SOLE 1 4,626 0 0
ASHFORD HOSPITALITY TRUST COMMON 044103109   3,222 383,686 SH   SOLE 1 383,686 0 0
ASHLAND INC COMMON 044209104   237 3,320 SH   SOLE 1 3,320 0 0
ASSOCIATED BANC-CORP COMMON 045487105   139 10,580 SH   SOLE 1 10,580 0 0
ASSOCIATED ESTATES REALTY COMMON 045604105   404 26,692 SH   SOLE 1 26,692 0 0
ASSURANT INC COMMON 04621X108   2,214 59,365 SH   SOLE 1 59,365 0 0
ATWOOD OCEANICS INC COMMON 050095108   4,558 100,296 SH   SOLE 1 100,296 0 0
AUTODESK INC COMMON 052769106   3,016 90,459 SH   SOLE 1 90,459 0 0
AUTOMATIC DATA PROCESSING INC COMMON 053015103   3 63 SH   SOLE 1 63 0 0
AUTONATION INC COMMON 05329W102   0 5 SH   SOLE 1 5 0 0
AUTOZONE INC COMMON 053332102   1 3 SH   SOLE 1 3 0 0
AVALONBAY COMMUNITIES INC COMMON 053484101   1 12 SH   SOLE 1 12 0 0
AVERY DENNISON CORP. COMMON 053611109   0 13 SH   SOLE 1 13 0 0
AVIS BUDGET GROUP INC COMMON 053774105   146 9,532 SH   SOLE 1 9,532 0 0
AVNET INC. COMMON 053807103   148 5,120 SH   SOLE 1 5,120 0 0
AVON PRODUCTS INC. COMMON 054303102   0 56 SH   SOLE 1 56 0 0
AZZ INCORPORATED COMMON 002474104   3,371 88,758 SH   SOLE 1 88,758 0 0
B&G FOODS INC-CLASS A COMMON 05508R106   338 11,176 SH   SOLE 1 11,176 0 0
B/E AEROSPACE INC COMMON 073302101   6,519 154,821 SH   SOLE 1 154,821 0 0
BAKER HUGHES INC. COMMON 057224107   2 57 SH   SOLE 1 57 0 0
BALL CORP. COMMON 058498106   0 20 SH   SOLE 1 20 0 0
BANCO BILBAO VIZCAYA SP ADR ADR 05946K101   24 3,129 SH   SOLE 1 3,129 0 0
BANK OF AMERICA CORP COMMON 060505104   474 53,792 SH   SOLE 1 53,792 0 0
BANK OF NEW YORK MELLON CORP COMMON 064058100   3 154 SH   SOLE 1 154 0 0
BARNES GROUP INC COMMON 067806109   234 9,389 SH   SOLE 1 9,389 0 0
BAXTER INTL. INC. COMMON 071813109   3,847 63,846 SH   SOLE 1 63,846 0 0
BB&T CORP COMMON 054937107   1,502 45,319 SH   SOLE 1 45,319 0 0
BEACON ROOFING SUPPLY INC COMMON 073685109   328 11,543 SH   SOLE 1 11,543 0 0
BEAM INC COMMON 073730103   1 20 SH   SOLE 1 20 0 0
BECTON DICKINSON & CO. COMMON 075887109   2 26 SH   SOLE 1 26 0 0
BED BATH & BEYOND INC COMMON 075896100   4,680 74,296 SH   SOLE 1 74,296 0 0
BELDEN CDT INC COMMON 077454106   292 7,923 SH   SOLE 1 7,923 0 0
BEMIS INC COM COMMON 081437105   0 13 SH   SOLE 1 13 0 0
BERKSHIRE HATHAWAY INC-CL B COMMON 084670702   20 227 SH   SOLE 1 227 0 0
BERKSHIRE HILLS BANCORP INC COMMON 084680107   1,741 76,116 SH   SOLE 1 76,116 0 0
BERRY PETROLEUM CO CLASS A COMMON 085789105   3,103 76,375 SH   SOLE 1 76,375 0 0
BEST BUY CO. INC. COMMON 086516101   0 36 SH   SOLE 1 36 0 0
BIG LOTS INC COMMON 089302103   0 8 SH   SOLE 1 8 0 0
BIOGEN IDEC INC COMMON 09062X103   4 31 SH   SOLE 1 31 0 0
BLACKROCK INC COMMON 09247X101   3 17 SH   SOLE 1 17 0 0
BMC SOFTWARE COMMON 055921100   0 21 SH   SOLE 1 21 0 0
BOEING CO. COMMON 097023105   1,286 18,483 SH   SOLE 1 18,483 0 0
BORG WARNER AUTOMOTIVE COMMON 099724106   1 15 SH   SOLE 1 15 0 0
BOSTON PROPERTIES INC COMMON 101121101   2 19 SH   SOLE 1 19 0 0
BOSTON SCIENTIFIC COMMON 101137107   1 185 SH   SOLE 1 185 0 0
BRANDYWINE REALTY TRUST COMMON 105368203   5,528 453,523 SH   SOLE 1 453,523 0 0
BRINKER INTL. INC. COMMON 109641100   1,757 49,783 SH   SOLE 1 49,783 0 0
BRISTOL MYERS SQUIBB CO. COMMON 110122108   748 22,173 SH   SOLE 1 22,173 0 0
BROADCOM CORP - CL A COMMON 111320107   1,942 56,194 SH   SOLE 1 56,194 0 0
BROWN-FORMAN CORP -CL B COMMON 115637209   1 19 SH   SOLE 1 19 0 0
BRUNSWICK CORP. COMMON 117043109   281 12,420 SH   SOLE 1 12,420 0 0
BUCKEYE TECHNOLOGIES INC COMMON 118255108   283 8,857 SH   SOLE 1 8,857 0 0
BUFFALO WILD WINGS INC COMMON 119848109   4,372 51,003 SH   SOLE 1 51,003 0 0
BUNGE LTD COMMON G16962105   2,785 41,551 SH   SOLE 1 41,551 0 0
C R BARD INC. COMMON 067383109   1 11 SH   SOLE 1 11 0 0
CA INC COMMON 12673P105   1 46 SH   SOLE 1 46 0 0
CABELA'S INC CL A COMMON 126804301   187 3,430 SH   SOLE 1 3,430 0 0
CABLEVISION SYSTEMS -CL A COMMON 12686C109   0 28 SH   SOLE 1 28 0 0
CABOT OIL & GAS CORP. CLASS A COMMON 127097103   1 27 SH   SOLE 1 27 0 0
CACI INTERNATIONAL INC -CL A COMMON 127190304   358 6,923 SH   SOLE 1 6,923 0 0
CAMERON INTERNATIONAL CORP COMMON 13342B105   1,573 28,065 SH   SOLE 1 28,065 0 0
CAMPBELL SOUP CO. COMMON 134429109   748 21,483 SH   SOLE 1 21,483 0 0
CAPITAL ONE FINL CORP. COMMON 14040H105   2,082 36,530 SH   SOLE 1 36,530 0 0
CARDINAL HEALTH INC. COMMON 14149Y108   863 22,163 SH   SOLE 1 22,163 0 0
CARDTRONICS INC COMMON 14161H108   5,316 178,640 SH   SOLE 1 178,640 0 0
CAREFUSION CORP COMMON 14170T101   0 29 SH   SOLE 1 29 0 0
CARMAX INC COMMON 143130102   0 29 SH   SOLE 1 29 0 0
CARNIVAL CORP COMMON 143658300   2 59 SH   SOLE 1 59 0 0
CATERPILLAR INC. COMMON 149123101   7 84 SH   SOLE 1 84 0 0
CBL & ASSOC PROPERTIES COMMON 124830100   1,343 62,938 SH   SOLE 1 62,938 0 0
CBRE GROUP INC COMMON 12504L109   0 42 SH   SOLE 1 42 0 0
CBS CORP CL B COMMON 124857202   848 23,345 SH   SOLE 1 23,345 0 0
CELADON GROUP INC. COMMON 150838100   249 15,555 SH   SOLE 1 15,555 0 0
CELGENE CORP COMMON 151020104   596 7,806 SH   SOLE 1 7,806 0 0
CENTENE CORP COMMON 15135B101   3,932 105,112 SH   SOLE 1 105,112 0 0
CENTERPOINT ENERGY INC COMMON 15189T107   1 55 SH   SOLE 1 55 0 0
CENTURYTEL INC COMMON 156700106   50 1,250 SH   SOLE 1 1,250 0 0
CERNER CORP COMMON 156782104   1 19 SH   SOLE 1 19 0 0
CF INDUSTRIES HOLDINGS INC COMMON 125269100   3,063 13,783 SH   SOLE 1 13,783 0 0
CH ROBINSON WORLDWIDE INC COMMON 12541W209   1 21 SH   SOLE 1 21 0 0
CHARLES SCHWAB CORP. COMMON 808513105   1 140 SH   SOLE 1 140 0 0
CHEESECAKE FACTORY (THE) COMMON 163072101   854 23,903 SH   SOLE 1 23,903 0 0
CHEMICAL FINANCIAL CORP COMMON 163731102   2,343 96,828 SH   SOLE 1 96,828 0 0
CHEMTURA CORP COM NEW COMMON 163893209   134 7,800 SH   SOLE 1 7,800 0 0
CHESAPEAKE ENERGY CORP COMMON 165167107   1 86 SH   SOLE 1 86 0 0
CHESAPEAKE LODGING TR SH BEN COMMON 165240102   3,554 178,899 SH   SOLE 1 178,899 0 0
CHEVRON CORP COMMON 166764100   8,066 69,205 SH   SOLE 1 69,205 0 0
CHICAGO BRIDGE & IRON - NV SH COMMON 167250109   2,141 56,213 SH   SOLE 1 56,213 0 0
CHIPOTLE MEXICAN GRILL-CL A COMMON 169656105   1 4 SH   SOLE 1 4 0 0
CHUBB CORP. COMMON 171232101   2 35 SH   SOLE 1 35 0 0
CIGNA CORP. COMMON 125509109   2,015 42,727 SH   SOLE 1 42,727 0 0
CINCINNATI FINANCIAL CORP COMMON 172062101   0 21 SH   SOLE 1 21 0 0
CINEMARK HOLDINGS INC COMMON 17243V102   6,428 286,600 SH   SOLE 1 286,600 0 0
CINTAS CORP COMMON 172908105   0 14 SH   SOLE 1 14 0 0
CISCO SYSTEMS COMMON 17275R102   904 47,353 SH   SOLE 1 47,353 0 0
CITIGROUP INC COMMON 172967424   1,031 31,521 SH   SOLE 1 31,521 0 0
CITRIX SYSTEMS INC COMMON 177376100   1 24 SH   SOLE 1 24 0 0
CLECO CORPORATION COMMON 12561W105   2,284 54,413 SH   SOLE 1 54,413 0 0
CLIFFS NATURAL RESOURCES INC COMMON 18683K101   0 18 SH   SOLE 1 18 0 0
CLOROX CO. COMMON 189054109   1 17 SH   SOLE 1 17 0 0
CME GROUP INC. COMMON 12572Q105   1,260 22,003 SH   SOLE 1 22,003 0 0
CMS ENERGY CORP COMMON 125896100   0 34 SH   SOLE 1 34 0 0
CNA FINANCIAL CORP. COMMON 126117100   540 20,180 SH   SOLE 1 20,180 0 0
COACH INC COMMON 189754104   3,475 62,043 SH   SOLE 1 62,043 0 0
COCA COLA CO. COMMON 191216100   4,942 130,313 SH   SOLE 1 130,313 0 0
COCA-COLA ENTERPRISES COMMON 19122T109   592 18,959 SH   SOLE 1 18,959 0 0
COGNIZANT TECH SOLUTIONS CRP COMMON 192446102   4,993 71,444 SH   SOLE 1 71,444 0 0
COLGATE PALMOLIVE CO. COMMON 194162103   3,403 31,747 SH   SOLE 1 31,747 0 0
COLONIAL PROPERTY TRUST COMMON 195872106   850 40,420 SH   SOLE 1 40,420 0 0
COMCAST CORP-CL A COMMON 20030N101   4,212 117,841 SH   SOLE 1 117,841 0 0
COMCAST CORP-SPECIAL CL A COMMON 20030N200   73 2,103 SH   SOLE 1 2,103 0 0
COMERICA INC. COMMON 200340107   2,171 69,950 SH   SOLE 1 69,950 0 0
COMMUNITY BANK SYSTEM INC COMMON 203607106   3,231 114,637 SH   SOLE 1 114,637 0 0
COMMUNITY TRUST BANCORP INC COMMON 204149108   2,005 56,440 SH   SOLE 1 56,440 0 0
COMPUTER SCIENCES CORP. COMMON 205363104   0 20 SH   SOLE 1 20 0 0
CONAGRA INC. COMMON 205887102   2,346 85,060 SH   SOLE 1 85,060 0 0
CONOCOPHILLIPS COMMON 20825C104   2,327 40,698 SH   SOLE 1 40,698 0 0
CONSOL ENERGY INC COMMON 20854P109   0 29 SH   SOLE 1 29 0 0
CONSOLIDATED EDISON INC COMMON 209115104   2 38 SH   SOLE 1 38 0 0
CONSTELLATION BRANDS INC A COMMON 21036P108   0 20 SH   SOLE 1 20 0 0
COOPER INDUSTRIES PLC CL A COMMON G24140108   4,285 57,096 SH   SOLE 1 57,096 0 0
COOPER TIRE & RUBBER COMMON 216831107   313 16,350 SH   SOLE 1 16,350 0 0
CORNING INC. COMMON 219350105   2 196 SH   SOLE 1 196 0 0
COSTCO WHOLESALE CORP COMMON 22160K105   5 56 SH   SOLE 1 56 0 0
COVENTRY HEALTH CARE INC COMMON 222862104   0 17 SH   SOLE 1 17 0 0
COVIDIEN PLC COMMON G2554F113   3 62 SH   SOLE 1 62 0 0
CRANE CO COMMON 224399105   2,569 64,345 SH   SOLE 1 64,345 0 0
CROWN CASTLE INTL CORP COMMON 228227104   2 33 SH   SOLE 1 33 0 0
CSG SYSTEMS INTL INC COMMON 126349109   330 14,711 SH   SOLE 1 14,711 0 0
CSX CORP. COMMON 126408103   2,858 137,774 SH   SOLE 1 137,774 0 0
CUMMINS INC COMMON 231021106   1,256 13,625 SH   SOLE 1 13,625 0 0
CVR ENERGY INC COMMON 12662P108   305 8,312 SH   SOLE 1 8,312 0 0
CVS CORP COMMON 126650100   3,298 68,116 SH   SOLE 1 68,116 0 0
CYBERONICS INC COMMON 23251P102   3,558 67,889 SH   SOLE 1 67,889 0 0
DANAHER CORP COMMON 235851102   4 74 SH   SOLE 1 74 0 0
DARDEN RESTAURANTS INC. COMMON 237194105   0 17 SH   SOLE 1 17 0 0
DARLING INTERNATIONAL INC COMMON 237266101   4,007 219,112 SH   SOLE 1 219,112 0 0
DAVITA INC COMMON 23918K108   1 12 SH   SOLE 1 12 0 0
DELPHI AUTOMOTIVE PLC COMMON G27823106   2,801 90,362 SH   SOLE 1 90,362 0 0
DEMAND MEDIA INC COM COMMON 24802N109   303 27,879 SH   SOLE 1 27,879 0 0
DENBURY RESOURCES INC COMMON 247916208   70 4,380 SH   SOLE 1 4,380 0 0
DIAMOND OFFSHORE DRILLING COMMON 25271C102   1,910 29,035 SH   SOLE 1 29,035 0 0
DICE HOLDINGS INC COMMON 253017107   292 34,684 SH   SOLE 1 34,684 0 0
DILLARDS INC CL A COMMON 254067101   73 1,020 SH   SOLE 1 1,020 0 0
DIRECTV COMMON 25490A309   1,246 23,763 SH   SOLE 1 23,763 0 0
DISCOVER FINANCIAL SERVICES COMMON 254709108   2,246 56,537 SH   SOLE 1 56,537 0 0
WALT DISNEY CO. COMMON 254687106   1,018 19,490 SH   SOLE 1 19,490 0 0
DOLLAR GENERAL CORP COMMON 256677105   500 9,710 SH   SOLE 1 9,710 0 0
DOLLAR TREE INC COMMON 256746108   1,362 28,207 SH   SOLE 1 28,207 0 0
DOMTAR CORP COMMON 257559203   599 7,660 SH   SOLE 1 7,660 0 0
D.R. HORTON INC COMMON 23331A109   0 36 SH   SOLE 1 36 0 0
DR PEPPER SNAPPLE GROUP COMMON 26138E109   2,860 64,242 SH   SOLE 1 64,242 0 0
DSW INC CLASS A COMMON 23334L102   5,302 79,470 SH   SOLE 1 79,470 0 0
DTE ENERGY CO COMMON 233331107   729 12,174 SH   SOLE 1 12,174 0 0
E I DU PONT DE NEMOURS & CO. COMMON 263534109   4,047 80,525 SH   SOLE 1 80,525 0 0
DUFF & PHELPS CORP-CLASS A COMMON 26433B107   238 17,513 SH   SOLE 1 17,513 0 0
DUKE ENERGY CORP COMMON 26441C204   1,593 24,601 SH   SOLE 1 24,601 0 0
DUKE REALTY CORP COMMON 264411505   688 46,840 SH   SOLE 1 46,840 0 0
DUPONT FABROS TECHNOLOGY INC COMMON 26613Q106   4,098 162,329 SH   SOLE 1 162,329 0 0
EASTMAN CHEMICAL CO. COMMON 277432100   3,660 64,200 SH   SOLE 1 64,200 0 0
EBAY INC COMMON 278642103   4,677 96,710 SH   SOLE 1 96,710 0 0
EL PASO ELECTRIC CO COMMON 283677854   1,021 29,822 SH   SOLE 1 29,822 0 0
ELIZABETH ARDEN INC COMMON 28660G106   122 2,583 SH   SOLE 1 2,583 0 0
EMC CORP COMMON 268648102   4,185 153,490 SH   SOLE 1 153,490 0 0
EMCOR GROUP INC. COMMON 29084Q100   772 27,080 SH   SOLE 1 27,080 0 0
ENERGIZER HOLDINGS INC COMMON 29266R108   1,250 16,758 SH   SOLE 1 16,758 0 0
ENERGY XXI BERMUDA COMMON G10082140   257 7,365 SH   SOLE 1 7,365 0 0
ENERSYS COMMON 29275Y102   4,403 124,769 SH   SOLE 1 124,769 0 0
ENGILITY HLDGS INC COM COMMON 29285W104   36 1,986 SH   SOLE 1 1,986 0 0
ENTEGRIS INC COMMON 29362U104   3,332 409,935 SH   SOLE 1 409,935 0 0
ENTERGY CORP. NEW COMMON 29364G103   1,292 18,656 SH   SOLE 1 18,656 0 0
ENTROPIC COMMUNICATIONS INC COMMON 29384R105   376 64,755 SH   SOLE 1 64,755 0 0
ENTERTAINMENT PROPERTIES TR COMMON 26884U109   292 6,579 SH   SOLE 1 6,579 0 0
EURONET WORLDWIDE INC COMMON 298736109   64 3,440 SH   SOLE 1 3,440 0 0
EVEREST REINSURANCE GROUP LTD COMMON G3223R108   876 8,190 SH   SOLE 1 8,190 0 0
EXELON CORPORATION COMMON 30161N101   1,641 46,145 SH   SOLE 1 46,145 0 0
EXPRESS SCRIPTS HOLDING INC COMMON 30219G108   4,778 76,290 SH   SOLE 1 76,290 0 0
EXXON MOBIL CORPORATION COMMON 30231G102   1,621 17,729 SH   SOLE 1 17,729 0 0
FAIR ISAAC & CO INC COMMON 303250104   291 6,594 SH   SOLE 1 6,594 0 0
FEDEX CORPORATION COMMON 31428X106   2,836 33,522 SH   SOLE 1 33,522 0 0
FEI COMPANY COMMON 30241L109   454 8,500 SH   SOLE 1 8,500 0 0
FIDELITY NATIONAL INFORMATION COMMON 31620M106   1,612 51,650 SH   SOLE 1 51,650 0 0
FIDELITY NATIONAL TITLE CL A COMMON 31620R105   1,209 56,530 SH   SOLE 1 56,530 0 0
FIFTH THIRD BANK COMMON 316773100   1,282 82,742 SH   SOLE 1 82,742 0 0
FINISAR CORPATION COMMON 31787A507   2,568 179,351 SH   SOLE 1 179,351 0 0
FIRST FINANCIAL BANCORP COMMON 320209109   4,874 288,283 SH   SOLE 1 288,283 0 0
FLOWSERVE CORP COMMON 34354P105   1,618 12,670 SH   SOLE 1 12,670 0 0
FLUOR CORP (NEW) COMMON 343412102   4,683 83,223 SH   SOLE 1 83,223 0 0
FLUSHING FINANCIAL CORP COMMON 343873105   3,292 208,412 SH   SOLE 1 208,412 0 0
FORD MOTOR COMPANY COMMON 345370860   639 64,860 SH   SOLE 1 64,860 0 0
FOREST LABORATORIES COMMON 345838106   611 17,160 SH   SOLE 1 17,160 0 0
FRANKLIN RESOURCES INC. COMMON 354613101   3,066 24,520 SH   SOLE 1 24,520 0 0
FULTON FINANCIAL CORP COMMON 360271100   224 22,840 SH   SOLE 1 22,840 0 0
GALLAGHER ARTHUR J & CO COM COMMON 363576109   33 925 SH   SOLE 1 925 0 0
GANNETT CO. INC. COMMON 364730101   1,559 87,832 SH   SOLE 1 87,832 0 0
GARDNER DENVER INC COMMON 365558105   2,158 35,728 SH   SOLE 1 35,728 0 0
GAYLORD ENTERTAINMENT CO COMMON 367905106   138 3,515 SH   SOLE 1 3,515 0 0
GENERAL DYNAMICS CORP. COMMON 369550108   1,542 23,336 SH   SOLE 1 23,336 0 0
GENERAL MILLS INC. COMMON 370334104   3,088 77,493 SH   SOLE 1 77,493 0 0
GENPACT LTD COMMON G3922B107   1,576 94,485 SH   SOLE 1 94,485 0 0
GILEAD SCIENCES INC. COMMON 375558103   2,901 43,748 SH   SOLE 1 43,748 0 0
GLOBECOMM SYSTEMS INC COMMON 37956X103   292 26,265 SH   SOLE 1 26,265 0 0
W W GRAINGER INC COMMON 384802104   3,774 18,115 SH   SOLE 1 18,115 0 0
GT ADVANCED TECHNOLOGIES INC COMMON 36191U106   3,335 612,503 SH   SOLE 1 612,503 0 0
GULFPORT ENERGY CORP COMMON 402635304   4,572 146,278 SH   SOLE 1 146,278 0 0
HALLIBURTON CO. COMMON 406216101   2,676 79,449 SH   SOLE 1 79,449 0 0
HANGER ORTHOPEDIC GROUP COMMON 41043F208   5,007 175,533 SH   SOLE 1 175,533 0 0
HANMI FINANCIAL CORPORATION COMMON 410495204   166 13,000 SH   SOLE 1 13,000 0 0
HARMAN INTERNATIONAL INDS INC COMMON 413086109   628 13,620 SH   SOLE 1 13,620 0 0
HARMONIC LIGHTWAVES COMMON 413160102   2,283 503,039 SH   SOLE 1 503,039 0 0
HCA HOLDINGS INC COMMON 40412C101   2,456 73,880 SH   SOLE 1 73,880 0 0
HEALTH MANAGEMENT CLASS A COMMON 421933102   3,616 431,065 SH   SOLE 1 431,065 0 0
HEARTLAND PAYMENT SYSTEMS IN COMMON 42235N108   943 29,787 SH   SOLE 1 29,787 0 0
HELMERICH & PAYNE INC. COMMON 423452101   2,492 52,355 SH   SOLE 1 52,355 0 0
HENRY JACK & ASSOCIATES INC. COMMON 426281101   142 3,752 SH   SOLE 1 3,752 0 0
HERSHEY FOODS CORP. COMMON 427866108   0 7 SH   SOLE 1 7 0 0
HERTZ GLOBAL HOLDINGS INC COMMON 42805T105   1,608 117,140 SH   SOLE 1 117,140 0 0
HILL-ROM HOLDINGS INC COMMON 431475102   111 3,840 SH   SOLE 1 3,840 0 0
HOLLYFRONTIER CORP COMMON 436106108   1,639 39,738 SH   SOLE 1 39,738 0 0
HOME DEPOT INC. COMMON 437076102   4,541 75,230 SH   SOLE 1 75,230 0 0
HONEYWELL INTERNATIONAL INC COMMON 438516106   3,561 59,602 SH   SOLE 1 59,602 0 0
HORACE MANN EDUCATORS CORP COMMON 440327104   589 32,560 SH   SOLE 1 32,560 0 0
HORMEL CO COMMON 440452100   3,252 111,225 SH   SOLE 1 111,225 0 0
HOSPITALITY PROPERTIES TRUST COMMON 44106M102   1,710 71,921 SH   SOLE 1 71,921 0 0
J. B. HUNT COMMON 445658107   2,236 42,985 SH   SOLE 1 42,985 0 0
ICU MEDICAL INC COMMON 44930G107   4,324 71,496 SH   SOLE 1 71,496 0 0
ILLINOIS TOOL WORKS COMMON 452308109   618 10,394 SH   SOLE 1 10,394 0 0
IMPAX LABORATORIES INC COMMON 45256B101   226 8,740 SH   SOLE 1 8,740 0 0
INLAND REAL ESTATE CORP COMMON 457461200   246 29,875 SH   SOLE 1 29,875 0 0
INNOSPEC INC COMMON 45768S105   162 4,800 SH   SOLE 1 4,800 0 0
INTEGRATED DEVICE TECHNOLOGY COMMON 458118106   275 46,875 SH   SOLE 1 46,875 0 0
INTERNATIONAL PAPER CO. COMMON 460146103   1,114 30,693 SH   SOLE 1 30,693 0 0
ISHARES MSCI EAFE INDEX FUND COMMON 464287465   821 15,500 SH   SOLE 1 15,500 0 0
IXYS CORPORATION COMMON 46600W106   119 12,036 SH   SOLE 1 12,036 0 0
j2 GLOBAL INC COMMON 48123V102   3,381 103,041 SH   SOLE 1 103,041 0 0
JABIL CIRCUIT INC COMMON 466313103   1,206 64,469 SH   SOLE 1 64,469 0 0
JOHNSON & JOHNSON COMMON 478160104   5,237 76,000 SH   SOLE 1 76,000 0 0
JPMORGAN CHASE & CO COMMON 46625H100   3,710 91,662 SH   SOLE 1 91,662 0 0
KAPSTONE PAPER AND PACKAGING COMMON 48562P103   5,207 232,577 SH   SOLE 1 232,577 0 0
KBR INC COMMON 48242W106   2,838 95,185 SH   SOLE 1 95,185 0 0
KELLY SERVICES CL A COMMON 488152208   526 41,800 SH   SOLE 1 41,800 0 0
KEYCORP - NEW COMMON 493267108   749 85,788 SH   SOLE 1 85,788 0 0
KIMCO REALTY CORP COMMON 49446R109   1,156 57,063 SH   SOLE 1 57,063 0 0
KLA-TENCOR CORPORATION COMMON 482480100   670 14,058 SH   SOLE 1 14,058 0 0
KROGER CO. COMMON 501044101   989 42,031 SH   SOLE 1 42,031 0 0
L-3 COMMUNICATIONS HLDGS INC COMMON 502424104   2,001 27,912 SH   SOLE 1 27,912 0 0
LABORATORY CORP OF AMERICA COMMON 50540R409   3,682 39,820 SH   SOLE 1 39,820 0 0
LAKELAND FINANCIAL CORP COMMON 511656100   3,258 118,057 SH   SOLE 1 118,057 0 0
LASALLE HOTEL PROPERTIES COMMON 517942108   234 8,786 SH   SOLE 1 8,786 0 0
LEIDOS HLDGS INC COMMON 525327102   124 10,360 SH   SOLE 1 10,360 0 0
LIBERTY PROPERTY TRUST COMMON 531172104   1,425 39,328 SH   SOLE 1 39,328 0 0
LIFE TECHNOLOGIES CORP COMMON 53217V109   691 14,160 SH   SOLE 1 14,160 0 0
LIFEPOINT HOSPITALS INC COMMON 53219L109   3,544 82,847 SH   SOLE 1 82,847 0 0
ELI LILLY & CO. COMMON 532457108   2,675 56,432 SH   SOLE 1 56,432 0 0
LINCOLN NATIONAL CORP IND COMMON 534187109   838 34,658 SH   SOLE 1 34,658 0 0
LITHIA MOTORS INC CL A COMMON 536797103   3,056 91,758 SH   SOLE 1 91,758 0 0
LITTLEFUSE COMMON 537008104   2,468 43,653 SH   SOLE 1 43,653 0 0
LOCKHEED MARTIN CORP. COMMON 539830109   1,406 15,065 SH   SOLE 1 15,065 0 0
LSB INDUSTRIES INC COMMON 502160104   6,015 137,115 SH   SOLE 1 137,115 0 0
LSI LOGIC CORP. COMMON 502161102   2,688 389,137 SH   SOLE 1 389,137 0 0
M & T BANK CORPORATION COMMON 55261F104   1,909 20,070 SH   SOLE 1 20,070 0 0
MACK-CALI REALTY CORP COMMON 554489104   19 725 SH   SOLE 1 725 0 0
MACY'S INC COMMON 55616P104   423 11,260 SH   SOLE 1 11,260 0 0
MAGELLAN HEALTH SERVICES INC COMMON 559079207   284 5,507 SH   SOLE 1 5,507 0 0
MARATHON OIL CORP COMMON 565849106   658 22,280 SH   SOLE 1 22,280 0 0
MARATHON PETROLEUM CORP COMMON 56585A102   1,695 31,053 SH   SOLE 1 31,053 0 0
MARRIOTT INTERNATIONAL CL A COMMON 571903202   1,495 38,252 SH   SOLE 1 38,252 0 0
MARSH & MCLENNAN COMPANIES COMMON 571748102   2,994 88,250 SH   SOLE 1 88,250 0 0
MARVELL TECHNOLOGY GROUP LTD COMMON G5876H105   1,104 120,644 SH   SOLE 1 120,644 0 0
MASCO CORP. COMMON 574599106   29 1,975 SH   SOLE 1 1,975 0 0
MASTEC INC COMMON 576323109   6,618 335,972 SH   SOLE 1 335,972 0 0
MAXIMUS INC COMMON 577933104   5,432 90,965 SH   SOLE 1 90,965 0 0
MCGRAW HILL INC. COMMON 580645109   492 9,014 SH   SOLE 1 9,014 0 0
MCKESSON HBOC INC COMMON 58155Q103   3,121 36,280 SH   SOLE 1 36,280 0 0
MEASUREMENT SPECIALTIES INC COMMON 583421102   2,484 75,340 SH   SOLE 1 75,340 0 0
MEDICINES COMPANY COMMON 584688105   1,044 40,450 SH   SOLE 1 40,450 0 0
MEDIDATA SOLUTIONS INC COMMON 58471A105   5,404 130,225 SH   SOLE 1 130,225 0 0
MEDLEY CAPITAL CORP COMMON 58503F106   75 5,380 SH   SOLE 1 5,380 0 0
MEDNAX INC COMMON 58502B106   4,737 63,637 SH   SOLE 1 63,637 0 0
MERCK & CO INC COMMON 58933Y105   1,061 23,536 SH   SOLE 1 23,536 0 0
MERCURY COMPUTER SYSTEMS COMMON 589378108   298 28,120 SH   SOLE 1 28,120 0 0
METLIFE INC COMMON 59156R108   3,131 90,860 SH   SOLE 1 90,860 0 0
METRO HEALTH NETWORKS INC COMMON 592142103   2,644 283,134 SH   SOLE 1 283,134 0 0
MICROCHIP TECHNOLOGY INC. COMMON 595017104   2,994 91,470 SH   SOLE 1 91,470 0 0
MICROS SYSTEMS INC COMMON 594901100   3,589 73,009 SH   SOLE 1 73,009 0 0
MICROSOFT CORP. COMMON 594918104   7,282 244,715 SH   SOLE 1 244,715 0 0
MID-AMERICA APARTMENT COMM COMMON 59522J103   248 3,811 SH   SOLE 1 3,811 0 0
MINERALS TECH COMMON 603158106   80 1,140 SH   SOLE 1 1,140 0 0
MKS INSTRUMENTS INC COMMON 55306N104   254 9,983 SH   SOLE 1 9,983 0 0
MOLSON COORS BREWING CO COMMON 60871R209   1,048 23,282 SH   SOLE 1 23,282 0 0
MOMENTA PHARMACEUTICALS INC COMMON 60877T100   276 18,981 SH   SOLE 1 18,981 0 0
KRAFT FOODS INC-A COMMON 609207105   32 778 SH   SOLE 1 778 0 0
MONEYGRAM INTERNATIONAL INC COMMON 60935Y208   1,872 125,307 SH   SOLE 1 125,307 0 0
MONOLITHIC POWER SYSTEMS INC COMMON 609839105   293 14,841 SH   SOLE 1 14,841 0 0
MOODY'S CORPORATION COMMON 615369105   2,217 50,193 SH   SOLE 1 50,193 0 0
MOOG INC CL A COMMON 615394202   2,705 71,450 SH   SOLE 1 71,450 0 0
MORGAN STANLEY COMMON 617446448   8 500 SH   SOLE 1 500 0 0
MOSAIC CO COMMON 61945C103   559 9,708 SH   SOLE 1 9,708 0 0
MOTOROLA SOLUTIONS INC. COMMON 620076307   8 171 SH   SOLE 1 171 0 0
MULTI-FINELINE ELECTRONIX INC COMMON 62541B101   3,234 143,429 SH   SOLE 1 143,429 0 0
MULTIMEDIA GAMES INC COMMON 625453105   99 6,340 SH   SOLE 1 6,340 0 0
MURPHY OIL CORP. COMMON 626717102   1,837 34,216 SH   SOLE 1 34,216 0 0
MYERS INDUSTRIES COMMON 628464109   173 11,126 SH   SOLE 1 11,126 0 0
MYLAN LABORATORIES INC. COMMON 628530107   4,556 186,973 SH   SOLE 1 186,973 0 0
MYRIAD GENETICS INC COMMON 62855J104   3,442 127,745 SH   SOLE 1 127,745 0 0
NABORS INDUSTRIES LTD COMMON G6359F103   1,125 80,230 SH   SOLE 1 80,230 0 0
NACCO IND INC. CL A COMMON 629579103   837 6,680 SH   SOLE 1 6,680 0 0
NATIONAL OILWELL VARCO INC COMMON 637071101   5,684 70,956 SH   SOLE 1 70,956 0 0
NATIONAL PENN BANCSHARES INC. COMMON 637138108   243 26,758 SH   SOLE 1 26,758 0 0
NATUS MEDICAL INC COMMON 639050103   278 21,285 SH   SOLE 1 21,285 0 0
NCR CORPORATION (NEW) COMMON 62886E108   1,241 53,267 SH   SOLE 1 53,267 0 0
NETAPP INC COMMON 64110D104   1,926 58,604 SH   SOLE 1 58,604 0 0
NETGEAR INC COMMON 64111Q104   3,707 97,199 SH   SOLE 1 97,199 0 0
NETSPEND HOLDINGS INC COMMON 64118V106   350 35,625 SH   SOLE 1 35,625 0 0
NEWCASTLE INVESTMENT CORP COMMON 65105M108   2,722 361,497 SH   SOLE 1 361,497 0 0
NEXTERA ENERGY INC COMMON 65339F101   2,589 36,826 SH   SOLE 1 36,826 0 0
NORTHROP GRUMMAN CORP COMMON 666807102   1,975 29,737 SH   SOLE 1 29,737 0 0
NORTHWEST BANCSHARES INC COMMON 667340103   2,630 215,058 SH   SOLE 1 215,058 0 0
NORTHWEST NATURAL GAS CO COMMON 667655104   284 5,775 SH   SOLE 1 5,775 0 0
NORTHWESTERN CORP COMMON 668074305   2,774 76,585 SH   SOLE 1 76,585 0 0
NU SKIN ENTERPRISES INC - A COMMON 67018T105   4,142 106,694 SH   SOLE 1 106,694 0 0
NVIDIA CORP COMMON 67066G104   1,770 132,717 SH   SOLE 1 132,717 0 0
OCCIDENTAL PETROLEUM CORP. COMMON 674599105   4,473 51,980 SH   SOLE 1 51,980 0 0
OIL STATES INTERNATIONAL INC COMMON 678026105   5,222 65,726 SH   SOLE 1 65,726 0 0
OLD REPUBLIC INTERNATIONAL COMMON 680223104   28 3,046 SH   SOLE 1 3,046 0 0
OMEGA HEALTHCARE INVESTORS COMMON 681936100   271 11,945 SH   SOLE 1 11,945 0 0
OMNICELL INC COMMON 68213N109   365 26,308 SH   SOLE 1 26,308 0 0
OMNICOM GROUP COMMON 681919106   1,065 20,660 SH   SOLE 1 20,660 0 0
ON ASSIGNMENT INC COMMON 682159108   338 16,971 SH   SOLE 1 16,971 0 0
ORACLE CORP COMMON 68389X105   5,650 179,610 SH   SOLE 1 179,610 0 0
ORBITAL SCIENCES CORP. COMMON 685564106   1,910 131,218 SH   SOLE 1 131,218 0 0
COINSTAR INC COMMON 690070107   194 4,322 SH   SOLE 1 4,322 0 0
PACWEST BANCORP COMMON 695263103   395 16,930 SH   SOLE 1 16,930 0 0
PAPA JOHN'S INTL INC COMMON 698813102   302 5,668 SH   SOLE 1 5,668 0 0
PARKER-HANNIFIN CORP. COMMON 701094104   4,597 55,010 SH   SOLE 1 55,010 0 0
PENNYMAC MORTGAGE INVESTMENT COMMON 70931T103   2,945 126,038 SH   SOLE 1 126,038 0 0
PEPSICO INC. COMMON 713448108   25 358 SH   SOLE 1 358 0 0
PERICOM SEMICONDUCTOR CORP COMMON 713831105   3,127 360,151 SH   SOLE 1 360,151 0 0
PERRY ELLIS INTERNATIONAL COMMON 288853104   2,220 100,711 SH   SOLE 1 100,711 0 0
PETSMART INC COMMON 716768106   1,875 27,187 SH   SOLE 1 27,187 0 0
PFIZER INC. COMMON 717081103   1,418 57,078 SH   SOLE 1 57,078 0 0
PHILIP MORRIS INTERNATIONAL COMMON 718172109   5,667 63,015 SH   SOLE 1 63,015 0 0
PIER 1 INC COMMON 720279108   300 16,024 SH   SOLE 1 16,024 0 0
PLUM CREEK TIMBER CO INC COMMON 729251108   38 875 SH   SOLE 1 875 0 0
PMC - SIERRA INC COMMON 69344F106   1,417 252,944 SH   SOLE 1 252,944 0 0
PNC FINANCIAL SERVICES GROUP COMMON 693475105   4,869 77,165 SH   SOLE 1 77,165 0 0
PNM RESOURCES INC COMMON 69349H107   935 44,500 SH   SOLE 1 44,500 0 0
POLYONE CORPORATION COMMON 73179P106   318 19,227 SH   SOLE 1 19,227 0 0
POTLATCH CORP COMMON 737630103   283 7,576 SH   SOLE 1 7,576 0 0
POZEN INC COMMON 73941U102   242 36,625 SH   SOLE 1 36,625 0 0
PPG INDUSTRIES INC. COMMON 693506107   592 5,160 SH   SOLE 1 5,160 0 0
PPL CORPORATION COMMON 69351T106   1,659 57,110 SH   SOLE 1 57,110 0 0
PRAXAIR INC. COMMON 74005P104   2,077 20,000 SH   SOLE 1 20,000 0 0
PRECISION CASTPARTS CORP COMMON 740189105   3,356 20,550 SH   SOLE 1 20,550 0 0
PRIMERICA INC COMMON 74164M108   130 4,540 SH   SOLE 1 4,540 0 0
PRIMORIS SERVICES CORP COMMON 74164F103   2,817 215,921 SH   SOLE 1 215,921 0 0
PROASSURANCE CORP COMMON 74267C106   6,316 69,839 SH   SOLE 1 69,839 0 0
PROCTER & GAMBLE CO. COMMON 742718109   6,199 89,385 SH   SOLE 1 89,385 0 0
PROGENICS PHARMACEUTICALS COMMON 743187106   81 28,179 SH   SOLE 1 28,179 0 0
PROGRESSIVE CORP OHIO COMMON 743315103   1,818 87,660 SH   SOLE 1 87,660 0 0
PROSPECT CAPITAL CORP COMMON 74348T102   402 34,940 SH   SOLE 1 34,940 0 0
PROSPERITY BANCSHARES INC COMMON 743606105   5,029 118,014 SH   SOLE 1 118,014 0 0
PROTECTIVE LIFE CORP. COMMON 743674103   4,241 161,811 SH   SOLE 1 161,811 0 0
PUBLIC SERVICE ENTERPRISE COMMON 744573106   1,739 54,063 SH   SOLE 1 54,063 0 0
PVH CORP COMMON 693656100   52 560 SH   SOLE 1 560 0 0
QUALCOMM CORP. COMMON 747525103   5,137 82,245 SH   SOLE 1 82,245 0 0
R R DONNELLEY & SONS CO. COMMON 257867101   535 50,480 SH   SOLE 1 50,480 0 0
RAMCO-GERSHENSON PROPERTIES COMMON 751452202   3,753 299,545 SH   SOLE 1 299,545 0 0
RAYTHEON COMPANY COMMON 755111507   1,868 32,691 SH   SOLE 1 32,691 0 0
RED HAT INC COMMON 756577102   1,819 31,951 SH   SOLE 1 31,951 0 0
REGENCY CENTERS CORP COMMON 758849103   2,432 49,911 SH   SOLE 1 49,911 0 0
RELIANCE STEEL & ALUMINUM COMMON 759509102   1,418 27,095 SH   SOLE 1 27,095 0 0
RENASANT CORP COMMON 75970E107   3,268 166,730 SH   SOLE 1 166,730 0 0
REYNOLDS AMERICAN INC COMMON 761713106   3,386 78,128 SH   SOLE 1 78,128 0 0
ROADRUNNER TRANSPORTATION SY COMMON 76973Q105   125 7,737 SH   SOLE 1 7,737 0 0
ROBERT HALF INTL INC COMMON 770323103   2,687 100,908 SH   SOLE 1 100,908 0 0
ROCKWELL COLLINS COMMON 774341101   50 950 SH   SOLE 1 950 0 0
ROCKWOOD HOLDINGS INC COMMON 774415103   450 9,668 SH   SOLE 1 9,668 0 0
ROSS STORES INC COMMON 778296103   2,677 41,458 SH   SOLE 1 41,458 0 0
ROWAN COMPANIES LTD COMMON G7665A101   78 2,320 SH   SOLE 1 2,320 0 0
RUE21 INC COMMON 781295100   3,758 120,646 SH   SOLE 1 120,646 0 0
S & P 500 DEPOSITORY RECEIPT COMMON 78462F103   3,671 25,500 SH   SOLE 1 25,500 0 0
SABRA HEALTH CARE REIT INC COMMON 78573L106   3,887 194,258 SH   SOLE 1 194,258 0 0
SAFEWAY STORES INC COMMON 786514208   110 6,880 SH   SOLE 1 6,880 0 0
SAIA INC COMMON 78709Y105   190 9,480 SH   SOLE 1 9,480 0 0
SCHLUMBERGER LTD. COMMON 806857108   4,395 60,770 SH   SOLE 1 60,770 0 0
SCICLONE PHARMACEUTICALS INC COMMON 80862K104   316 57,035 SH   SOLE 1 57,035 0 0
SCIENTIFIC GAMES CORP-A COMMON 80874P109   201 24,389 SH   SOLE 1 24,389 0 0
SCRIPPS NETWORKS INTERAC COMMON 811065101   3,495 57,081 SH   SOLE 1 57,081 0 0
SELECT COMFORT CORPORATION COMMON 81616X103   214 6,796 SH   SOLE 1 6,796 0 0
SERVICE CORP INTERNATIONAL COMMON 817565104   144 10,760 SH   SOLE 1 10,760 0 0
SIGNET JEWELERS LTD COMMON G81276100   1,520 31,190 SH   SOLE 1 31,190 0 0
SKULLCANDY INC COMMON 83083J104   2,609 189,773 SH   SOLE 1 189,773 0 0
SKYWORKS SOLUTIONS INC COMMON 83088M102   2,981 126,555 SH   SOLE 1 126,555 0 0
SLM CORP COMMON 78442P106   1,951 124,145 SH   SOLE 1 124,145 0 0
SMITH & WESSON HOLDING CORP COMMON 831756101   154 13,998 SH   SOLE 1 13,998 0 0
SNAP ON INC COMMON 833034101   142 1,980 SH   SOLE 1 1,980 0 0
SONIC AUTOMOTIVE INC COMMON 83545G102   3,902 205,587 SH   SOLE 1 205,587 0 0
SOUTHWEST AIRLINES COMMON 844741108   258 29,520 SH   SOLE 1 29,520 0 0
SPECTRANETICS CORP. COMMON 84760C107   169 11,483 SH   SOLE 1 11,483 0 0
SPECTRUM PHARMACEUTICALS INC COMMON 84763A108   2,243 191,753 SH   SOLE 1 191,753 0 0
SPIRIT AIRLINES INC COMMON 848577102   2,688 157,410 SH   SOLE 1 157,410 0 0
SPRINT NEXTEL CORP COMMON 852061100   0 9 SH   SOLE 1 9 0 0
STANDARD MOTOR PRODUCTS INC COMMON 853666105   447 24,280 SH   SOLE 1 24,280 0 0
STEELCASE INC COMMON 858155203   158 16,120 SH   SOLE 1 16,120 0 0
STEVEN MADDEN LTD COMMON 556269108   134 3,073 SH   SOLE 1 3,073 0 0
STONE ENERGY CORP COMMON 861642106   5,409 215,348 SH   SOLE 1 215,348 0 0
STRATEGIC HOTELS & RESORTS IN COMMON 86272T106   842 140,257 SH   SOLE 1 140,257 0 0
STURM RUGER & CO. INC. COMMON 864159108   322 6,521 SH   SOLE 1 6,521 0 0
SUNTRUST BANKS INC. COMMON 867914103   2,143 75,820 SH   SOLE 1 75,820 0 0
SUPERIOR ENERGY SERVICES INC COMMON 868157108   1,602 78,092 SH   SOLE 1 78,092 0 0
SURMODICS INC COMMON 868873100   292 14,456 SH   SOLE 1 14,456 0 0
SWIFT TRANSPORTATION CO COMMON 87074U101   2,582 299,559 SH   SOLE 1 299,559 0 0
SYKES ENTERPRISES INC COMMON 871237103   294 21,920 SH   SOLE 1 21,920 0 0
SYMANTEC CORP COMMON 871503108   1,272 70,778 SH   SOLE 1 70,778 0 0
SYNAPTICS INC COMMON 87157D109   226 9,432 SH   SOLE 1 9,432 0 0
SYNNEX CORP COMMON 87162W100   3,652 112,103 SH   SOLE 1 112,103 0 0
SYSCO CORP COMMON 871829107   1,459 46,685 SH   SOLE 1 46,685 0 0
TAL INTERNATIONAL GROUP INC COMMON 874083108   3,765 110,808 SH   SOLE 1 110,808 0 0
TARGA RESOURCES CORP COMMON 87612G101   308 6,132 SH   SOLE 1 6,132 0 0
TASER INTERNATIONAL INC COMMON 87651B104   197 32,770 SH   SOLE 1 32,770 0 0
TECH DATA CORP. COMMON 878237106   594 13,140 SH   SOLE 1 13,140 0 0
TELEPHONE AND DATA SYSTEMS COMMON 879433829   1,954 76,332 SH   SOLE 1 76,332 0 0
TENNECO AUTOMOTIVE INC COMMON 880349105   3,341 119,352 SH   SOLE 1 119,352 0 0
TESORO PETE CORP. COMMON 881609101   3,005 71,740 SH   SOLE 1 71,740 0 0
TETRA TECH INC. COMMON 88162G103   252 9,611 SH   SOLE 1 9,611 0 0
TEXAS ROADHOUSE INC-CLASS A COMMON 882681109   5,405 316,114 SH   SOLE 1 316,114 0 0
THE FINISH LINE INC COMMON 317923100   844 37,143 SH   SOLE 1 37,143 0 0
THE GAP INC. COMMON 364760108   1,491 41,685 SH   SOLE 1 41,685 0 0
THERMO FISHER SCIENTIFIC INC COMMON 883556102   2,070 35,187 SH   SOLE 1 35,187 0 0
TIME WARNER CABLE COMMON 88732J207   630 6,628 SH   SOLE 1 6,628 0 0
TIME WARNER INC COMMON 887317303   2,544 56,130 SH   SOLE 1 56,130 0 0
TIMKEN CO. COMMON 887389104   1,370 36,886 SH   SOLE 1 36,886 0 0
TITAN INTERNATIONAL INC COMMON 88830M102   220 12,484 SH   SOLE 1 12,484 0 0
TITAN MACHINERY INC COMMON 88830R101   3,607 177,863 SH   SOLE 1 177,863 0 0
TJX COS INC COMMON 872540109   1,510 33,729 SH   SOLE 1 33,729 0 0
TORCHMARK CORP COMMON 891027104   1,987 38,714 SH   SOLE 1 38,714 0 0
TOTAL SYSTEM SERVICES INC COMMON 891906109   3,268 137,919 SH   SOLE 1 137,919 0 0
TRIUMPH GROUP INC COMMON 896818101   7,428 118,860 SH   SOLE 1 118,860 0 0
TRUEBLUE INC COMMON 89785X101   240 15,292 SH   SOLE 1 15,292 0 0
TUPPERWARE CORP COMMON 899896104   3,676 68,608 SH   SOLE 1 68,608 0 0
TWO HARBORS INVESTMENT CORP COMMON 90187B101   2,173 184,942 SH   SOLE 1 184,942 0 0
TYCO INTERNATIONAL LTD COMMON H89128104   614 10,918 SH   SOLE 1 10,918 0 0
TYSON FOODS INC. CLASS A COMMON 902494103   496 30,980 SH   SOLE 1 30,980 0 0
UMB FINANCIAL CORP COMMON 902788108   2,596 53,331 SH   SOLE 1 53,331 0 0
UMPQUA HOLDINGS CORP COMMON 904214103   161 12,520 SH   SOLE 1 12,520 0 0
UNION PACIFIC CORP. COMMON 907818108   94 800 SH   SOLE 1 800 0 0
UNISYS INC. COMMON 909214306   3,367 161,754 SH   SOLE 1 161,754 0 0
UNITED ONLINE INC COMMON 911268100   735 133,280 SH   SOLE 1 133,280 0 0
UNITED TECHNOLOGIES CORP. COMMON 913017109   884 11,298 SH   SOLE 1 11,298 0 0
UNITEDHEALTH GROUP INC COMMON 91324P102   4,671 84,307 SH   SOLE 1 84,307 0 0
UNS Energy Corp COMMON 903119105   279 6,731 SH   SOLE 1 6,731 0 0
UNUMPROVIDENT CORP COMMON 91529Y106   594 30,920 SH   SOLE 1 30,920 0 0
URS CORP COMMON 903236107   396 11,220 SH   SOLE 1 11,220 0 0
US CELLULAR CORP COMMON 911684108   1,090 27,867 SH   SOLE 1 27,867 0 0
VALASSIS COMM INC. COMMON 918866104   149 6,072 SH   SOLE 1 6,072 0 0
VALERO ENERGY CORP COMMON 91913Y100   1,075 33,954 SH   SOLE 1 33,954 0 0
VALUECLICK INC COMMON 92046N102   361 21,046 SH   SOLE 1 21,046 0 0
VANGUARD INDEX FDS S&P 500 ET COMMON 922908363   3,955 60,000 SH   SOLE 1 60,000 0 0
VEECO INSTRUMENTS INC COMMON 922417100   2,296 76,565 SH   SOLE 1 76,565 0 0
VERIZON COMMUNICATIONS COMMON 92343V104   88 1,944 SH   SOLE 1 1,944 0 0
VIACOM INC-CLASS B COMMON 92553P201   22 425 SH   SOLE 1 425 0 0
VISA INC-CLASS A SHARES COMMON 92826C839   2,987 22,248 SH   SOLE 1 22,248 0 0
VOLTERRA SEMICONDUCTOR CORP COMMON 928708106   2,944 134,627 SH   SOLE 1 134,627 0 0
WABASH NATIONAL COMMON 929566107   297 41,781 SH   SOLE 1 41,781 0 0
WAL MART STORES INC. COMMON 931142103   1,845 25,008 SH   SOLE 1 25,008 0 0
WALGREEN CO. COMMON 931422109   639 17,539 SH   SOLE 1 17,539 0 0
WATERS CORP COMMON 941848103   3,429 41,150 SH   SOLE 1 41,150 0 0
WEATHERFORD INTL LTD COMMON H27013103   987 77,886 SH   SOLE 1 77,886 0 0
WELLS FARGO CO COMMON 949746101   11,030 319,453 SH   SOLE 1 319,453 0 0
WESBANCO INC COMMON 950810101   2,042 98,640 SH   SOLE 1 98,640 0 0
WESTERN DIGITAL CORP. COMMON 958102105   1,599 41,295 SH   SOLE 1 41,295 0 0
WESTERN REFINING INC COMMON 959319104   337 12,891 SH   SOLE 1 12,891 0 0
WESTERN UNION COMPANY COMMON 959802109   1,564 85,890 SH   SOLE 1 85,890 0 0
WEYERHAEUSER CO. COMMON 962166104   51 1,954 SH   SOLE 1 1,954 0 0
WISCONSIN ENERGY CORP. COMMON 976657106   84 2,250 SH   SOLE 1 2,250 0 0
WORLD ACCEPTANCE CORP COMMON 981419104   265 3,929 SH   SOLE 1 3,929 0 0
WORLD FUEL SERVICES CORP COMMON 981475106   1,423 39,983 SH   SOLE 1 39,983 0 0
WORTHINGTON INDUSTRIES INC COMMON 981811102   536 24,748 SH   SOLE 1 24,748 0 0
WYNDHAM WORLDWIDE CORP COMMON 98310W108   2,470 47,071 SH   SOLE 1 47,071 0 0
XEROX CORP. COMMON 984121103   1,566 213,411 SH   SOLE 1 213,411 0 0
XL GROUP PLC F COMMON G98290102   1,203 50,095 SH   SOLE 1 50,095 0 0
YUM BRANDS INC COMMON 988498101   4,403 66,385 SH   SOLE 1 66,385 0 0
ZEBRA TECH CL A COMMON 989207105   1,894 50,523 SH   SOLE 1 50,523 0 0
ZIMMER HOLDINGS INC COMMON 98956P102   1,060 15,690 SH   SOLE 1 15,690 0 0