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
Aaron's Inc. COM 002535300 491 19,544 SH   SOLE NONE 14,304 0 5,240
Abbvie Inc COM 00287Y109 347 6,070 SH   SOLE NONE 0 0 6,070
Accenture Plc COM G1151C101 300 2,600 SH   SOLE NONE 2,400 0 200
Aetna Inc. COM 00817Y108 438 3,900 SH   SOLE NONE 0 0 3,900
Alamo Group Inc. COM 011311107 291 5,232 SH   SOLE NONE 3,823 0 1,409
Albemarle Corp. COM 012653101 5,749 89,920 SH   SOLE NONE 7,020 0 82,900
Allstate Corp. COM 020002101 20,683 307,004 SH   SOLE NONE 77,277 0 229,727
Alphabet Inc. (Cl A COM 38259P508 351 460 SH   SOLE NONE 0 0 460
Alphabet Inc. (Cl C COM 02079K107 516 693 SH   SOLE NONE 345 0 348
American Electric P COM 025537101 16,003 241,009 SH   SOLE NONE 79,165 0 161,844
American Int'l Grou COM 026874784 17,639 326,337 SH   SOLE NONE 107,764 0 218,573
Apple Hospitality R COM 03784Y200 502 25,340 SH   SOLE NONE 17,539 0 7,801
Apple Inc. COM 037833100 786 7,216 SH   SOLE NONE 3,005 0 4,211
Applied Materials I COM 038222105 15,856 748,620 SH   SOLE NONE 182,270 0 566,350
Archer Daniels Midl COM 039483102 14,899 410,325 SH   SOLE NONE 135,247 0 275,078
Arris International COM G0551A103 4,950 215,971 SH   SOLE NONE 23,086 0 192,885
BankUnited Inc COM 06652K103 439 12,733 SH   SOLE NONE 8,410 0 4,323
BBCN Bancorp, Inc COM 073295107 335 22,081 SH   SOLE NONE 16,083 0 5,998
BE Aerospace Inc. COM 073302101 575 12,463 SH   SOLE NONE 8,518 0 3,945
Bed Bath & Beyond I COM 075896100 3,722 74,980 SH   SOLE NONE 4,500 0 70,480
BGC Partners Inc. ( COM 05541T101 339 37,410 SH   SOLE NONE 27,292 0 10,118
Black Hills Corp. COM 092113109 602 10,005 SH   SOLE NONE 7,299 0 2,706
Blackrock Inc. COM 09247X101 846 2,485 SH   SOLE NONE 1,513 0 972
Boeing Co. COM 097023105 601 4,737 SH   SOLE NONE 2,540 0 2,197
Boston Properties I COM 101121101 2,748 21,625 SH   SOLE NONE 0 0 21,625
Bristol-Myers Squib COM 110122108 792 12,400 SH   SOLE NONE 9,500 0 2,900
Brookline Bancorp I COM 11373M107 339 30,820 SH   SOLE NONE 22,468 0 8,352
Cabot Oil & Gas Cor COM 127097103 3,419 150,535 SH   SOLE NONE 9,010 0 141,525
Capital One Financi COM 14040H105 13,680 197,373 SH   SOLE NONE 66,546 0 130,827
CareTrust REIT, Inc COM 14174T107 271 21,331 SH   SOLE NONE 0 0 21,331
Celgene Corp. COM 151020104 424 4,240 SH   SOLE NONE 2,150 0 2,090
CenterPoint Energy COM 15189T107 410 19,595 SH   SOLE NONE 9,840 0 9,755
CenturyLink Inc. COM 156700106 24,921 779,761 SH   SOLE NONE 212,639 0 567,122
Chevron Corp. COM 166764100 25,169 263,822 SH   SOLE NONE 87,408 0 176,414
CIGNA Corp. COM 125509109 4,198 30,590 SH   SOLE NONE 1,810 0 28,780
Cirrus Logic Inc. COM 172755100 4,421 121,435 SH   SOLE NONE 19,709 0 101,726
Cisco Systems Inc. COM 17275R102 16,189 568,629 SH   SOLE NONE 187,454 0 381,175
Citigroup Inc. COM 172967424 16,760 401,435 SH   SOLE NONE 131,880 0 269,555
Citrix Systems Inc. COM 177376100 6,220 79,155 SH   SOLE NONE 4,720 0 74,435
Comcast Corp. (Cl A COM 20030N101 9,059 148,320 SH   SOLE NONE 48,690 0 99,630
Comerica Inc. COM 200340107 4,298 113,485 SH   SOLE NONE 9,150 0 104,335
Community Bank Syst COM 203607106 206 5,395 SH   SOLE NONE 0 0 5,395
ConocoPhillips COM 20825C104 14,573 361,892 SH   SOLE NONE 118,632 0 243,260
Convergys Corp. COM 212485106 488 17,567 SH   SOLE NONE 12,666 0 4,901
Cooper Cos. COM 216648402 4,849 31,490 SH   SOLE NONE 2,710 0 28,780
Cooper Tire & Rubbe COM 216831107 482 13,020 SH   SOLE NONE 9,544 0 3,476
Corning Inc. COM 219350105 412 19,740 SH   SOLE NONE 0 0 19,740
Cummins Inc. COM 231021106 12,751 115,980 SH   SOLE NONE 37,635 0 78,345
CVS Caremark Corp. COM 126650100 15,264 147,155 SH   SOLE NONE 48,432 0 98,723
Danaher Corp. COM 235851102 14,306 150,808 SH   SOLE NONE 49,475 0 101,333
Delek US Holdings I COM 246647101 491 32,192 SH   SOLE NONE 22,448 0 9,744
Deluxe Corp. COM 248019101 524 8,390 SH   SOLE NONE 6,146 0 2,244
Devon Energy Corp. COM 25179M103 12,732 464,000 SH   SOLE NONE 124,555 0 339,445
DeVry Education Gro COM 251893103 2,373 137,405 SH   SOLE NONE 0 0 137,405
Dillard's Inc. (Cl COM 254067101 557 6,561 SH   SOLE NONE 4,540 0 2,021
Dime Community Banc COM 253922108 350 19,876 SH   SOLE NONE 14,531 0 5,345
Discover Financial COM 254709108 5,103 100,215 SH   SOLE NONE 6,020 0 94,195
Dover Corp. COM 260003108 4,283 66,585 SH   SOLE NONE 4,010 0 62,575
Dril-Quip Inc. COM 262037104 4,997 82,506 SH   SOLE NONE 9,064 0 73,442
EMC Corp. COM 268648102 17,246 647,135 SH   SOLE NONE 212,540 0 434,595
EnerSys Inc. COM 29275Y102 4,898 87,900 SH   SOLE NONE 10,782 0 77,118
ENSCO International COM G3157S106 8,524 822,026 SH   SOLE NONE 230,411 0 591,615
Ensign Group Inc. COM 29358P101 642 28,373 SH   SOLE NONE 19,321 0 9,052
Entergy Corp. COM 29364G103 16,758 211,375 SH   SOLE NONE 69,424 0 141,951
Entertainment Prope COM 26884U109 277 4,158 SH   SOLE NONE 3,036 0 1,122
Esterline Technolog COM 297425100 348 5,424 SH   SOLE NONE 3,974 0 1,450
Evercore Partners I COM 29977A105 529 10,216 SH   SOLE NONE 6,855 0 3,361
Exxon Mobil Corp. COM 30231G102 466 5,580 SH   SOLE NONE 2,835 0 2,745
FBL Financial Group COM 30239F106 350 5,695 SH   SOLE NONE 0 0 5,695
Federal Agricultura COM 313148306 291 7,712 SH   SOLE NONE 4,157 0 3,555
FIDELITY ADVISOR LA COM 315805747 226 9,422 SH   SOLE NONE 5,630 0 3,792
First Horizon Natio COM 320517105 4,450 339,658 SH   SOLE NONE 27,271 0 312,387
First NBC BK HLDG C COM 32115D106 203 9,850 SH   SOLE NONE 0 0 9,850
FirstMerit Corp. COM 337915102 467 22,181 SH   SOLE NONE 16,183 0 5,998
Fluor Corp. COM 343412102 22,844 425,403 SH   SOLE NONE 116,513 0 308,890
Foot Locker Inc COM 344849104 441 6,835 SH   SOLE NONE 3,405 0 3,430
Ford Motor Co. COM 345370860 589 43,595 SH   SOLE NONE 18,850 0 24,745
Franklin Resources COM 354613101 10,498 268,840 SH   SOLE NONE 88,595 0 180,245
G-III Apparel Group COM 36237H101 614 12,555 SH   SOLE NONE 8,624 0 3,931
General Dynamics Co COM 369550108 13,186 100,372 SH   SOLE NONE 32,985 0 67,387
General Electric Co COM 369604103 16,915 532,078 SH   SOLE NONE 181,080 0 350,998
Gentex Corp. COM 371901109 4,814 306,851 SH   SOLE NONE 26,031 0 280,820
Gentherm Incorporat COM 37253A103 547 13,146 SH   SOLE NONE 8,761 0 4,385
Gilead Sciences Inc COM 375558103 416 4,525 SH   SOLE NONE 0 0 4,525
Goldman Sachs Group COM 38141G104 12,341 78,616 SH   SOLE NONE 25,254 0 53,362
GP Strategies Corp. COM 36225V104 451 16,443 SH   SOLE NONE 11,978 0 4,465
Greenbrier Cos. COM 393657101 556 20,117 SH   SOLE NONE 13,484 0 6,633
Hain Celestial Grou COM 405217100 851 20,796 SH   SOLE NONE 13,466 0 7,330
Hartford Financial COM 416515104 22,247 482,785 SH   SOLE NONE 125,760 0 357,025
HCP Inc. COM 40414L109 2,658 81,580 SH   SOLE NONE 0 0 81,580
Heartland Financial COM 42234Q102 324 10,536 SH   SOLE NONE 7,656 0 2,880
Helen of Troy Corp. COM G4388N106 747 7,208 SH   SOLE NONE 4,943 0 2,265
I SHARES TR MSCI EA COM 464287465 1,714 29,986 SH   SOLE NONE 25,434 0 4,552
IDACORP Inc. COM 451107106 583 7,811 SH   SOLE NONE 5,232 0 2,579
Ingram Micro Inc. ( COM 457153104 473 13,176 SH   SOLE NONE 9,593 0 3,583
Ingredion Incorpora COM 457187102 5,610 52,533 SH   SOLE NONE 5,078 0 47,455
Intel Corp. COM 458140100 14,155 437,560 SH   SOLE NONE 143,572 0 293,988
International Paper COM 460146103 14,078 343,035 SH   SOLE NONE 112,700 0 230,335
J.M. Smucker Co. COM 832696405 4,774 36,770 SH   SOLE NONE 2,210 0 34,560
Jabil Circuit Inc. COM 466313103 4,045 209,915 SH   SOLE NONE 12,550 0 197,365
Johnson & Johnson COM 478160104 21,515 198,841 SH   SOLE NONE 70,071 0 128,770
JPMorgan Chase & Co COM 46625H100 11,821 199,617 SH   SOLE NONE 70,223 0 129,394
Juniper Networks In COM 48203R104 4,292 168,250 SH   SOLE NONE 10,050 0 158,200
Kennametal Inc. COM 489170100 2,145 95,380 SH   SOLE NONE 0 0 95,380
KeyCorp COM 493267108 3,907 353,910 SH   SOLE NONE 21,200 0 332,710
Kimberly-Clark Corp COM 494368103 14,645 108,878 SH   SOLE NONE 36,043 0 72,835
Kohl's Corp. COM 500255104 18,396 394,688 SH   SOLE NONE 103,043 0 291,645
Kroger Co. COM 501044101 438 11,440 SH   SOLE NONE 6,825 0 4,615
Lam Research Corp. COM 512807108 381 4,617 SH   SOLE NONE 2,845 0 1,772
LAND'S END COM 51509F105 337 13,229 SH   SOLE NONE 9,662 0 3,567
Lexington Realty Tr COM 529043101 265 30,777 SH   SOLE NONE 0 0 30,777
Lincoln National Co COM 534187109 4,787 122,120 SH   SOLE NONE 10,905 0 111,215
Lowe's Cos. COM 548661107 1,087 14,350 SH   SOLE NONE 11,450 0 2,900
Mack-Cali Realty Co COM 554489104 2,608 110,964 SH   SOLE NONE 19,314 0 91,650
Marathon Oil Corp. COM 565849106 8,244 740,040 SH   SOLE NONE 243,265 0 496,775
MB Financial Inc. COM 55264U108 360 11,080 SH   SOLE NONE 8,086 0 2,994
McDonald's Corp. COM 580135101 1,219 9,700 SH   SOLE NONE 9,350 0 350
Medical Properties COM 58463J304 356 27,430 SH   SOLE NONE 19,980 0 7,450
Mentor Graphics Cor COM 587200106 483 23,780 SH   SOLE NONE 16,121 0 7,659
Merck & Co Inc COM 58933Y105 14,666 277,190 SH   SOLE NONE 96,005 0 181,185
MetLife Inc. COM 59156R108 18,026 410,240 SH   SOLE NONE 136,178 0 274,062
Micron Technology I COM 595112103 10,321 985,730 SH   SOLE NONE 327,255 0 658,475
Microsoft Corp. COM 594918104 13,110 237,369 SH   SOLE NONE 78,370 0 158,999
Motorola Solutions COM 620076307 4,702 62,115 SH   SOLE NONE 5,160 0 56,955
Murphy Oil Corp. COM 626717102 11,385 451,970 SH   SOLE NONE 148,505 0 303,465
NETGEAR Inc. COM 64111Q104 248 6,155 SH   SOLE NONE 0 0 6,155
Newfield Exploratio COM 651290108 3,430 103,155 SH   SOLE NONE 6,170 0 96,985
NextEra Energy Inc COM 65339F101 554 4,678 SH   SOLE NONE 3,468 0 1,210
Nucor Corp. COM 670346105 15,734 332,635 SH   SOLE NONE 109,105 0 223,530
Occidental Petroleu COM 674599105 12,040 175,950 SH   SOLE NONE 57,435 0 118,515
OGE Energy Corp. COM 670837103 3,006 105,010 SH   SOLE NONE 0 0 105,010
Omega Healthcare In COM 681936100 335 9,486 SH   SOLE NONE 6,946 0 2,540
On Assignment Inc. COM 682159108 554 15,005 SH   SOLE NONE 10,330 0 4,675
ON Semiconductor Co COM 682189105 4,209 438,886 SH   SOLE NONE 37,568 0 401,318
Paccar Inc. COM 693718108 5,258 96,140 SH   SOLE NONE 7,620 0 88,520
Packaging Corp. of COM 695156109 363 6,010 SH   SOLE NONE 0 0 6,010
Parker Hannifin Cor COM 701094104 15,935 143,459 SH   SOLE NONE 36,990 0 106,469
Patterson-UTI Energ COM 703481101 4,072 231,095 SH   SOLE NONE 29,212 0 201,883
PepsiCo Inc. COM 713448108 1,156 11,283 SH   SOLE NONE 7,915 0 3,368
Pfizer Inc. COM 717081103 12,390 418,005 SH   SOLE NONE 141,645 0 276,360
Pinnacle West Capit COM 723484101 3,514 46,810 SH   SOLE NONE 4,500 0 42,310
Pioneer Natural Res COM 723787107 5,433 38,600 SH   SOLE NONE 3,080 0 35,520
Piper Jaffray Cos. COM 724078100 610 12,316 SH   SOLE NONE 8,985 0 3,331
priceline.com Inc. COM 741503403 544 422 SH   SOLE NONE 278 0 144
PrivateBancorp Inc. COM 742962103 467 12,109 SH   SOLE NONE 8,219 0 3,890
ProLogis Inc. COM 74340W103 5,148 116,515 SH   SOLE NONE 9,350 0 107,165
Public Service Ente COM 744573106 22,981 487,499 SH   SOLE NONE 129,749 0 357,750
Regal-Beloit Corp. COM 758750103 4,813 76,280 SH   SOLE NONE 8,292 0 67,988
Regency Centers Cor COM 758849103 4,310 57,580 SH   SOLE NONE 3,460 0 54,120
Schlumberger Ltd. COM 806857108 452 6,125 SH   SOLE NONE 2,875 0 3,250
Schweitzer-Mauduit COM 808541106 339 10,765 SH   SOLE NONE 7,860 0 2,905
Selective Insurance COM 816300107 417 11,387 SH   SOLE NONE 8,308 0 3,079
Sensient Technologi COM 81725T100 4,410 69,500 SH   SOLE NONE 6,320 0 63,180
Sonoco Products Co. COM 835495102 5,128 105,580 SH   SOLE NONE 6,310 0 99,270
Southwest Airlines COM 844741108 6,525 145,650 SH   SOLE NONE 8,630 0 137,020
SPDR S&P 500 ETF TR COM 78462F103 1,146 5,575 SH   SOLE NONE 5,575 0 0
St. Jude Medical In COM 790849103 17,315 314,819 SH   SOLE NONE 88,004 0 226,815
State Street Corp. COM 857477103 14,325 244,784 SH   SOLE NONE 80,072 0 164,712
Steel Dynamics Inc. COM 858119100 5,590 248,330 SH   SOLE NONE 14,890 0 233,440
SunTrust Banks Inc. COM 867914103 5,086 140,955 SH   SOLE NONE 8,450 0 132,505
Synaptics Inc. COM 87157D109 587 7,360 SH   SOLE NONE 5,006 0 2,354
TCF Financial Corp. COM 872275102 279 22,772 SH   SOLE NONE 16,695 0 6,077
Tenneco Inc. COM 880349105 553 10,734 SH   SOLE NONE 7,128 0 3,606
THE BLACKSTONE GROU COM 09253U108 408 14,550 SH   SOLE NONE 0 0 14,550
Thor Industries Inc COM 885160101 6,078 95,309 SH   SOLE NONE 13,693 0 81,616
Tidewater Inc. COM 886423102 1,165 170,560 SH   SOLE NONE 0 0 170,560
Tyson Foods Inc. (C COM 902494103 5,995 89,935 SH   SOLE NONE 8,150 0 81,785
United Rentals Inc. COM 911363109 540 8,690 SH   SOLE NONE 4,990 0 3,700
United Technologies COM 913017109 476 4,753 SH   SOLE NONE 2,978 0 1,775
UnitedHealth Group COM 91324P102 16,464 127,728 SH   SOLE NONE 41,957 0 85,771
Universal Electroni COM 913483103 534 8,608 SH   SOLE NONE 6,286 0 2,322
VANGUARD EQUITY INC COM 921921102 285 9,389 SH   SOLE NONE 0 0 9,389
Verizon Communicati COM 92343V104 615 11,367 SH   SOLE NONE 5,032 0 6,335
VF Corp. COM 918204108 15,331 236,736 SH   SOLE NONE 77,813 0 158,923
Visa Inc. COM 92826C839 907 11,855 SH   SOLE NONE 7,300 0 4,555
Walgreen Co. COM 931427108 703 8,350 SH   SOLE NONE 4,350 0 4,000
Welltower Inc COM 95040Q104 14,713 212,190 SH   SOLE NONE 69,540 0 142,650
Wesco International COM 95082P105 557 10,194 SH   SOLE NONE 6,977 0 3,217
Whirlpool Corp. COM 963320106 21,616 119,862 SH   SOLE NONE 31,340 0 88,522
World Fuel Services COM 981475106 521 10,734 SH   SOLE NONE 7,828 0 2,906
Xcel Energy Inc. COM 98389B100 5,369 128,385 SH   SOLE NONE 7,690 0 120,695
Xilinx Inc. COM 983919101 4,098 86,400 SH   SOLE NONE 7,450 0 78,950
Zimmer Biomet Holdi COM 98956P102 4,581 42,965 SH   SOLE NONE 3,300 0 39,665
Zions Bancorp COM 989701107 3,964 163,720 SH   SOLE NONE 9,780 0 153,940