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
ABBVIE INC COM 00287Y109 1,682 25,706 SH   SOLE   18,751 0 6,955
AGREE REALTY CORP COM 008492100 405 13,030 SH   SOLE   13,030 0 0
ALLETE INC COM NEW 018522300 2,806 50,889 SH   SOLE   49,905 0 984
ALLIANT ENERGY CORP COM 018802108 2,403 36,185 SH   SOLE   35,070 0 1,115
ALLISON TRANSMISSION HLDGS I COM 01973R101 6,534 192,742 SH   SOLE   181,727 0 11,015
AMDOCS LTD SHS G02602103 2,199 47,128 SH   SOLE   45,673 0 1,455
AMERICAN AIRLS GROUP INC COM 02376R102 944 17,605 SH   SOLE   12,572 0 5,033
AMERICAN EXPRESS CO COM 025816109 1,713 18,412 SH   SOLE   13,160 0 5,252
AMERICAN FINL GROUP INC OHIO COM 025932104 3,876 63,832 SH   SOLE   62,450 0 1,382
AMERICAN INTL GROUP INC COM NEW 026874784 1,280 22,859 SH   SOLE   16,321 0 6,538
AMERICAN WTR WKS CO INC NEW COM 030420103 2,323 43,592 SH   SOLE   42,252 0 1,340
AMERISOURCEBERGEN CORP COM 03073E105 5,293 58,702 SH   SOLE   56,895 0 1,807
AMGEN INC COM 031162100 1,230 7,724 SH   SOLE   5,517 0 2,207
APPLE INC COM 037833100 2,309 20,920 SH   SOLE   15,670 0 5,250
ASTRONICS CORP COM 046433108 207 3,745 SH   SOLE   3,745 0 0
BANK AMER CORP COM 060505104 1,988 111,112 SH   SOLE   80,314 0 30,798
BANK KY FINL CORP COM 062896105 316 6,544 SH   SOLE   6,544 0 0
BANNER CORP COM NEW 06652V208 6,691 155,524 SH   SOLE   152,138 0 3,386
BELDEN INC COM 077454106 4,086 51,843 SH   SOLE   50,656 0 1,187
BLACKROCK INC COM 09247X101 1,784 4,990 SH   SOLE   3,881 0 1,109
BOEING CO COM 097023105 830 6,385 SH   SOLE   4,560 0 1,825
BRISTOL MYERS SQUIBB CO COM 110122108 232 3,927 SH   SOLE   3,927 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 590 23,982 SH   SOLE   23,982 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,474 17,853 SH   SOLE   13,518 0 4,335
CARDINAL HEALTH INC COM 14149Y108 1,496 18,527 SH   SOLE   13,716 0 4,811
CASCADE BANCORP COM NEW 147154207 487 93,746 SH   SOLE   93,746 0 0
CATERPILLAR INC DEL COM 149123101 352 3,850 SH   SOLE   2,794 0 1,056
CBS CORP NEW CL B 124857202 899 16,252 SH   SOLE   11,609 0 4,643
CHESAPEAKE LODGING TR SH BEN INT 165240102 6,309 169,543 SH   SOLE   165,956 0 3,587
CHEVRON CORP NEW COM 166764100 2,471 22,031 SH   SOLE   15,981 0 6,050
CISCO SYS INC COM 17275R102 1,211 43,523 SH   SOLE   33,596 0 9,927
CITIGROUP INC COM NEW 172967424 2,163 39,977 SH   SOLE   30,624 0 9,353
CITY OFFICE REIT INC COM 178587101 186 14,502 SH   SOLE   14,502 0 0
CNO FINL GROUP INC COM 12621E103 5,427 315,131 SH   SOLE   307,908 0 7,223
COBIZ FINANCIAL INC COM 190897108 359 27,355 SH   SOLE   27,355 0 0
COLUMBIA BKG SYS INC COM 197236102 5,921 214,458 SH   SOLE   209,509 0 4,949
COMCAST CORP NEW CL A 20030N101 1,520 26,201 SH   SOLE   19,658 0 6,543
CONCHO RES INC COM 20605P101 1,755 17,593 SH   SOLE   17,048 0 545
CONSTELLATION BRANDS INC CL A 21036P108 3,545 36,113 SH   SOLE   35,000 0 1,113
CUMMINS INC COM 231021106 424 2,943 SH   SOLE   2,103 0 840
CURTISS WRIGHT CORP COM 231561101 5,706 80,840 SH   SOLE   78,969 0 1,871
CUSTOMERS BANCORP INC COM 23204G100 287 14,762 SH   SOLE   14,762 0 0
CVS HEALTH CORP COM 126650100 2,017 20,940 SH   SOLE   15,774 0 5,166
DELTA AIR LINES INC DEL COM NEW 247361702 1,751 35,587 SH   SOLE   27,537 0 8,050
DIAMOND HILL INVESTMENT GROU COM NEW 25264R207 706 5,112 SH   SOLE   5,112 0 0
E M C CORP MASS COM 268648102 1,574 52,926 SH   SOLE   40,918 0 12,008
ENERSYS COM 29275Y102 2,703 43,800 SH   SOLE   42,817 0 983
EOG RES INC COM 26875P101 864 9,379 SH   SOLE   7,303 0 2,076
EPR PPTYS COM SH BEN INT 26884U109 1,874 32,523 SH   SOLE   31,936 0 587
EXXON MOBIL CORP COM 30231G102 2,863 30,970 SH   SOLE   24,323 0 6,647
FIRST REP BK SAN FRANCISCO C COM 33616C100 2,338 44,859 SH   SOLE   43,478 0 1,381
FLUOR CORP NEW COM 343412102 1,492 24,613 SH   SOLE   19,202 0 5,411
FOOT LOCKER INC COM 344849104 4,254 75,714 SH   SOLE   73,378 0 2,336
G & K SVCS INC CL A 361268105 5,941 83,849 SH   SOLE   82,039 0 1,810
GENERAL ELECTRIC CO COM 369604103 2,519 99,671 SH   SOLE   81,695 0 17,976
GERMAN AMERN BANCORP INC COM 373865104 314 10,284 SH   SOLE   10,284 0 0
GILEAD SCIENCES INC COM 375558103 755 8,015 SH   SOLE   5,722 0 2,293
GLACIER BANCORP INC NEW COM 37637Q105 4,074 146,691 SH   SOLE   143,804 0 2,887
GOOGLE INC CL A 38259P508 1,793 3,379 SH   SOLE   2,463 0 916
GP STRATEGIES CORP COM 36225V104 348 10,266 SH   SOLE   10,266 0 0
GRACO INC COM 384109104 4,307 53,711 SH   SOLE   52,082 0 1,629
GRAMERCY PPTY TR INC COM 38489R100 1,825 264,421 SH   SOLE   264,421 0 0
GREENBRIER COS INC COM 393657101 1,648 30,671 SH   SOLE   29,965 0 706
HARLEY DAVIDSON INC COM 412822108 1,359 20,615 SH   SOLE   15,130 0 5,485
HAWAIIAN HOLDINGS INC COM 419879101 8,340 320,170 SH   SOLE   313,211 0 6,959
HCC INS HLDGS INC COM 404132102 2,284 42,670 SH   SOLE   41,353 0 1,317
HEALTHCARE SVCS GRP INC COM 421906108 255 8,235 SH   SOLE   8,235 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 2,393 110,285 SH   SOLE   108,229 0 2,056
HENRY JACK & ASSOC INC COM 426281101 3,560 57,288 SH   SOLE   55,514 0 1,774
HEWLETT PACKARD CO COM 428236103 1,262 31,441 SH   SOLE   24,802 0 6,639
HOLLYFRONTIER CORP COM 436106108 719 19,180 SH   SOLE   18,590 0 590
HOME BANCSHARES INC COM 436893200 4,635 144,108 SH   SOLE   140,861 0 3,247
HUNTINGTON BANCSHARES INC COM 446150104 186 17,701 SH   SOLE   17,701 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 5,398 48,003 SH   SOLE   46,813 0 1,190
IBERIABANK CORP COM 450828108 3,230 49,811 SH   SOLE   48,805 0 1,006
INDEPENDENCE HLDG CO NEW COM NEW 453440307 245 17,583 SH   SOLE   17,583 0 0
INTEL CORP COM 458140100 1,099 30,284 SH   SOLE   23,469 0 6,815
INVENTURE FOODS INC COM 461212102 1,193 93,618 SH   SOLE   91,876 0 1,742
JARDEN CORP COM 471109108 5,037 105,194 SH   SOLE   101,957 0 3,237
JOHNSON & JOHNSON COM 478160104 2,014 19,260 SH   SOLE   13,675 0 5,585
JPMORGAN CHASE & CO COM 46625H100 2,626 41,964 SH   SOLE   32,083 0 9,881
KADANT INC COM 48282T104 1,270 29,748 SH   SOLE   29,748 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 1,857 63,353 SH   SOLE   61,987 0 1,366
KILROY RLTY CORP COM 49427F108 4,835 70,004 SH   SOLE   68,455 0 1,549
LAS VEGAS SANDS CORP COM 517834107 1,005 17,274 SH   SOLE   13,618 0 3,656
LIBBEY INC COM 529898108 2,315 73,626 SH   SOLE   72,232 0 1,394
LIFEPOINT HOSPITALS INC COM 53219L109 4,345 60,417 SH   SOLE   59,032 0 1,385
LITHIA MTRS INC CL A 536797103 5,263 60,716 SH   SOLE   59,392 0 1,324
LIVE NATION ENTERTAINMENT IN COM 538034109 2,949 112,948 SH   SOLE   110,395 0 2,553
MACYS INC COM 55616P104 1,859 28,278 SH   SOLE   22,357 0 5,921
MAINSOURCE FINANCIAL GP INC COM 56062Y102 341 16,308 SH   SOLE   16,308 0 0
MARATHON PETE CORP COM 56585A102 889 9,844 SH   SOLE   7,028 0 2,816
MARKEL CORP COM 570535104 2,255 3,302 SH   SOLE   3,201 0 101
MASTEC INC COM 576323109 2,497 110,425 SH   SOLE   108,039 0 2,386
MATERION CORP COM 576690101 377 10,693 SH   SOLE   10,693 0 0
MATRIX SVC CO COM 576853105 357 15,981 SH   SOLE   15,981 0 0
MEDNAX INC COM 58502B106 3,667 55,472 SH   SOLE   53,664 0 1,808
MENTOR GRAPHICS CORP COM 587200106 4,027 183,726 SH   SOLE   179,912 0 3,814
MERCHANTS BANCSHARES COM 588448100 320 10,455 SH   SOLE   10,455 0 0
METLIFE INC COM 59156R108 1,337 24,725 SH   SOLE   18,236 0 6,489
MICROSOFT CORP COM 594918104 1,621 34,903 SH   SOLE   24,924 0 9,979
MINERALS TECHNOLOGIES INC COM 603158106 4,621 66,540 SH   SOLE   65,013 0 1,527
MKS INSTRUMENT INC COM 55306N104 3,913 106,925 SH   SOLE   104,767 0 2,158
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 2,684 195,233 SH   SOLE   190,694 0 4,539
MORGAN STANLEY COM NEW 617446448 1,311 33,795 SH   SOLE   25,323 0 8,472
MULTI COLOR CORP COM 625383104 2,090 37,721 SH   SOLE   37,721 0 0
MYLAN INC COM 628530107 329 5,843 SH   SOLE   5,843 0 0
NASDAQ OMX GROUP INC COM 631103108 249 5,199 SH   SOLE   5,199 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 3,724 94,596 SH   SOLE   92,239 0 2,357
NAUTILUS INC COM 63910B102 196 12,930 SH   SOLE   12,930 0 0
NEWMARKET CORP COM 651587107 5,868 14,541 SH   SOLE   14,238 0 303
NN INC COM 629337106 921 44,779 SH   SOLE   44,779 0 0
NOBLE ENERGY INC COM 655044105 709 14,958 SH   SOLE   11,105 0 3,853
OASIS PETE INC NEW COM 674215108 392 23,685 SH   SOLE   23,685 0 0
ONE LIBERTY PPTYS INC COM 682406103 673 28,424 SH   SOLE   28,424 0 0
ORACLE CORP COM 68389X105 1,870 41,581 SH   SOLE   33,025 0 8,556
PACIFIC CONTINENTAL CORP COM 69412V108 304 21,461 SH   SOLE   21,461 0 0
PACWEST BANCORP DEL COM 695263103 3,902 85,825 SH   SOLE   83,873 0 1,952
PARK OHIO HLDGS CORP COM 700666100 1,129 17,917 SH   SOLE   17,917 0 0
PARK STERLING CORP COM 70086Y105 316 42,945 SH   SOLE   42,945 0 0
PATRICK INDS INC COM 703343103 1,443 32,803 SH   SOLE   32,803 0 0
PEPSICO INC COM 713448108 1,825 19,299 SH   SOLE   13,775 0 5,524
PERFORMANCE SPORTS GROUP LTD COM 71377G100 791 43,973 SH   SOLE   43,973 0 0
PFIZER INC COM 717081103 2,195 70,460 SH   SOLE   54,993 0 15,467
PHILLIPS 66 COM 718546104 1,271 17,722 SH   SOLE   12,791 0 4,931
PINNACLE FINL PARTNERS INC COM 72346Q104 4,426 111,928 SH   SOLE   110,093 0 1,835
PLATFORM SPECIALTY PRODS COR COM 72766Q105 5,643 243,003 SH   SOLE   237,389 0 5,614
PNC FINL SVCS GROUP INC COM 693475105 1,433 15,703 SH   SOLE   11,695 0 4,008
PNM RES INC COM 69349H107 1,678 56,645 SH   SOLE   55,505 0 1,140
PRECISION CASTPARTS CORP COM 740189105 1,485 6,166 SH   SOLE   4,402 0 1,764
PREMIERE GLOBAL SVCS INC COM 740585104 1,551 146,062 SH   SOLE   143,379 0 2,683
PRIMERICA INC COM 74164M108 5,014 92,412 SH   SOLE   90,310 0 2,102
PROCTER & GAMBLE CO COM 742718109 215 2,359 SH   SOLE   2,359 0 0
PRUDENTIAL FINL INC COM 744320102 1,686 18,642 SH   SOLE   13,217 0 5,425
QUANTA SVCS INC COM 74762E102 3,228 113,697 SH   SOLE   111,218 0 2,479
RAYMOND JAMES FINANCIAL INC COM 754730109 3,314 57,844 SH   SOLE   56,060 0 1,784
RENASANT CORP COM 75970E107 1,777 61,419 SH   SOLE   61,419 0 0
RLJ LODGING TR COM 74965L101 3,710 110,635 SH   SOLE   108,133 0 2,502
SAFETY INS GROUP INC COM 78648T100 414 6,462 SH   SOLE   6,462 0 0
SCHLUMBERGER LTD COM 806857108 1,548 18,123 SH   SOLE   12,950 0 5,173
SCHULMAN A INC COM 808194104 254 6,276 SH   SOLE   6,276 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 4,656 77,156 SH   SOLE   75,397 0 1,759
SHUTTERFLY INC COM 82568P304 2,935 70,386 SH   SOLE   68,772 0 1,614
SILGAN HOLDINGS INC COM 827048109 807 15,055 SH   SOLE   15,055 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 367 9,032 SH   SOLE   9,032 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,279 7,025 SH   SOLE   5,290 0 1,735
SKYWORKS SOLUTIONS INC COM 83088M102 4,791 65,887 SH   SOLE   63,859 0 2,028
SONIC CORP COM 835451105 5,459 200,481 SH   SOLE   195,917 0 4,564
SOUTH ST CORP COM 840441109 7,387 110,116 SH   SOLE   107,670 0 2,446
SPARTON CORP COM 847235108 412 14,542 SH   SOLE   14,542 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,020 9,828 SH   SOLE   7,871 0 1,957
SPIRIT RLTY CAP INC NEW COM 84860W102 4,627 389,147 SH   SOLE   379,507 0 9,640
STAG INDL INC COM 85254J102 5,901 240,868 SH   SOLE   235,387 0 5,481
STANDEX INTL CORP COM 854231107 3,328 43,073 SH   SOLE   42,381 0 692
STATE BK FINL CORP COM 856190103 394 19,733 SH   SOLE   19,733 0 0
STATE STR CORP COM 857477103 1,689 21,517 SH   SOLE   16,768 0 4,749
SYNERGY RES CORP COM 87164P103 3,004 239,583 SH   SOLE   234,404 0 5,179
TELEFLEX INC COM 879369106 5,934 51,679 SH   SOLE   50,494 0 1,185
TIME WARNER INC COM NEW 887317303 915 10,715 SH   SOLE   7,654 0 3,061
TUTOR PERINI CORP COM 901109108 1,308 54,326 SH   SOLE   53,080 0 1,246
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,034 26,913 SH   SOLE   20,046 0 6,867
UNION BANKSHARES CORP NEW COM 90539J109 1,295 53,794 SH   SOLE   53,794 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,794 17,746 SH   SOLE   13,339 0 4,407
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 421 8,753 SH   SOLE   8,753 0 0
VASCULAR SOLUTIONS INC COM 92231M109 281 10,364 SH   SOLE   10,364 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,771 37,864 SH   SOLE   27,730 0 10,134
VIACOM INC NEW CL B 92553P201 901 11,967 SH   SOLE   8,549 0 3,418
WABTEC CORP COM 929740108 9,345 107,550 SH   SOLE   105,335 0 2,215
WELLS FARGO & CO NEW COM 949746101 2,397 43,728 SH   SOLE   32,508 0 11,220
WESTAR ENERGY INC COM 95709T100 2,525 61,237 SH   SOLE   59,347 0 1,890
WESTERN ALLIANCE BANCORP COM 957638109 7,002 251,888 SH   SOLE   246,054 0 5,834
WHITING PETE CORP NEW COM 966387102 1,240 37,588 SH   SOLE   36,433 0 1,155
WINTRUST FINL CORP COM 97650W108 1,242 26,564 SH   SOLE   26,564 0 0
WOODWARD INC COM 980745103 4,577 92,971 SH   SOLE   90,873 0 2,098
XERIUM TECHNOLOGIES INC COM NEW 98416J118 320 20,281 SH   SOLE   20,281 0 0