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
1st Source Corporation COM 336901103 3 79 SH   SOLE   79 0 0
AES Corporation COM 00130H105 1,351 114,500 SH   SOLE   29,100 0 85,400
AFLAC Inc. COM 001055102 8,505 134,700 SH   SOLE   41,200 0 93,500
AVX Corporation COM 002444107 2 196 SH   SOLE   196 0 0
Adams Resources & Energy COM 006351308 2 61 SH   SOLE   61 0 0
Alexanders Inc. COM 014752109 3 7 SH   SOLE   7 0 0
Alleghany Corp COM 017175100 298 600 SH   SOLE   600 0 0
Alliant Energy Corp. COM 018802108 1,760 23,700 SH   SOLE   3,200 0 20,500
Allstate Corporation COM 020002101 8,529 126,600 SH   SOLE   38,600 0 88,000
Ally Financial Inc. COM 02005N100 264 14,100 SH   SOLE   0 0 14,100
Altisource Portfolio Solutions COM 044540827 2 77 SH   SOLE   77 0 0
Amcon Distributing Co COM 02341Q205 2 25 SH   SOLE   25 0 0
Amdocs Limited COM G02602103 6,090 100,800 SH   SOLE   28,300 0 72,500
Amerco COM 023586100 1,572 4,400 SH   SOLE   400 0 4,000
American Axle & Manufacturing COM 024061103 2 122 SH   SOLE   122 0 0
American Financial Group COM 025932104 3,863 54,900 SH   SOLE   5,600 0 49,300
American Public Education COM 02913V103 3 133 SH   SOLE   133 0 0
American Woodmark Corp. COM 030506109 2,797 37,500 SH   SOLE   10,100 0 27,400
Anixter International COM 035290105 2 47 SH   SOLE   47 0 0
Annaly Capital Mgmt. COM 035710409 4,699 458,000 SH   SOLE   122,300 0 335,700
Antero Resources Corporation COM 03674X106 366 14,700 SH   SOLE   0 0 14,700
Arch Capital Group Ltd. COM G0450A105 8,383 117,900 SH   SOLE   31,900 0 86,000
Arrow Electronics Inc COM 042735100 6,183 96,000 SH   SOLE   26,100 0 69,900
Arrow Financial Corp. COM 042744102 3 120 SH   SOLE   120 0 0
Assured Guaranty Ltd COM G0585R106 1,437 56,800 SH   SOLE   7,000 0 49,800
Atwood Oceanics Inc COM 050095108 89 9,700 SH   SOLE   9,700 0 0
Avnet Inc COM 053807103 12,798 288,900 SH   SOLE   79,700 0 209,200
Aware Inc. COM 05453N100 1 351 SH   SOLE   351 0 0
BB&T Corp COM 054937107 2,106 63,300 SH   SOLE   0 0 63,300
BCB Bancorp, Inc. COM 055298103 2 171 SH   SOLE   171 0 0
BOK Financial Corp. COM 05561Q201 1,458 26,700 SH   SOLE   9,600 0 17,100
Baldwin & Lyons cl B COM 057755209 2 100 SH   SOLE   100 0 0
BancFirst Corp OK COM 05945F103 3 53 SH   SOLE   53 0 0
Banco Latinoamericano de Comer COM P16994132 3 107 SH   SOLE   107 0 0
Bar Harbor Bankshares COM 066849100 1 45 SH   SOLE   45 0 0
Beasley Broadcast Group Inc. COM 074014101 1 300 SH   SOLE   300 0 0
Benchmark Electronics, Inc. COM 08160H101 1 41 SH   SOLE   41 0 0
Blue Capital Reinsurnce Hldgs COM G1190F107 2 128 SH   SOLE   128 0 0
Booz Allen Hamilton cl A COM 099502106 1,841 60,800 SH   SOLE   26,000 0 34,800
Brinker International COM 109641100 354 7,700 SH   SOLE   3,100 0 4,600
Broadridge Fncl Solutions COM 11133T103 3,315 55,900 SH   SOLE   15,200 0 40,700
Brown-Forman cl B COM 115637209 916 9,300 SH   SOLE   3,400 0 5,900
Brunswick Corporation COM 117043109 1,698 35,400 SH   SOLE   10,200 0 25,200
Buckle Inc. COM 118440106 3 91 SH   SOLE   91 0 0
Bunge Limited COM G16962105 680 12,000 SH   SOLE   4,800 0 7,200
CA, Inc. COM 12673P105 13,588 441,300 SH   SOLE   128,900 0 312,400
CAI International, Inc. COM 12477X106 5 531 SH   SOLE   531 0 0
CNA Financial Corporation COM 126117100 3,157 98,100 SH   SOLE   23,800 0 74,300
CNB Financial Corp PA COM 126128107 2 100 SH   SOLE   100 0 0
CSS Industries Inc. COM 125906107 2 62 SH   SOLE   62 0 0
Cal-Maine Foods Inc. COM 128030202 3,691 71,100 SH   SOLE   19,200 0 51,900
Camden National Corp COM 133034108 3 80 SH   SOLE   80 0 0
Campbell Soup Company COM 134429109 3,062 48,000 SH   SOLE   11,900 0 36,100
Cardinal Health Inc. COM 14149Y108 3,098 37,800 SH   SOLE   12,400 0 25,400
Celanese Corp. COM 150870103 118 1,800 SH   SOLE   1,800 0 0
Central Pacific Financial Corp COM 154760409 3 117 SH   SOLE   117 0 0
Century Bancorp cl A COM 156432106 4 100 SH   SOLE   100 0 0
Century Communities, Inc. COM 156504300 5 273 SH   SOLE   273 0 0
Chemtura Corp. COM 163893209 2 60 SH   SOLE   60 0 0
Chevron Corp COM 166764100 10,160 106,500 SH   SOLE   32,300 0 74,200
Choice Hotels Intl COM 169905106 881 16,300 SH   SOLE   5,900 0 10,400
Citizens & Northern Corp COM 172922106 2 100 SH   SOLE   100 0 0
Columbus McKinnon Corp COM 199333105 4 278 SH   SOLE   278 0 0
Community Trust Bancorp COM 204149108 4 100 SH   SOLE   100 0 0
Consumer Portfolio Services COM 210502100 2 550 SH   SOLE   550 0 0
Crawford & Co cl A COM 224633206 3 500 SH   SOLE   500 0 0
Crown Media Holdings Inc. COM 228411104 2 400 SH   SOLE   400 0 0
CubeSmart COM 229663109 2,647 79,500 SH   SOLE   17,500 0 62,000
Culp Inc. COM 230215105 1 50 SH   SOLE   50 0 0
DISH Network Corp cl A COM 25470M109 51 1,100 SH   SOLE   0 0 1,100
DST Systems Inc. COM 233326107 9,552 84,700 SH   SOLE   23,500 0 61,200
DTE Energy Company COM 233331107 6,863 75,700 SH   SOLE   20,700 0 55,000
Delta Air Lines, Inc. COM 247361702 6,728 138,200 SH   SOLE   41,700 0 96,500
Dicks Sporting Goods Inc COM 253393102 781 16,700 SH   SOLE   3,700 0 13,000
Dillards Inc cl A COM 254067101 475 5,600 SH   SOLE   3,400 0 2,200
Discovery Communications A COM 25470F104 5,039 176,000 SH   SOLE   52,800 0 123,200
Donegal Group Inc. cl A COM 257701201 2 135 SH   SOLE   135 0 0
Dorian LPG Ltd. COM Y2106R110 169 18,012 SH   SOLE   112 0 17,900
Dynex Capital Inc. COM 26817Q506 2 239 SH   SOLE   239 0 0
EMC Insurance Group COM 268664109 5 191 SH   SOLE   191 0 0
Eaton Corporation, plc COM G29183103 213 3,400 SH   SOLE   1,100 0 2,300
Education Realty Trust Inc. COM 28140H203 1,306 31,400 SH   SOLE   4,100 0 27,300
El Paso Electric Co. COM 283677854 2 35 SH   SOLE   35 0 0
Electro Rent Corp COM 285218103 2 261 SH   SOLE   261 0 0
Employers Holdings, Inc. COM 292218104 4 136 SH   SOLE   136 0 0
Enova International, Inc. COM 29357K103 1 231 SH   SOLE   231 0 0
Enstar Group Limited COM G3075P101 2 10 SH   SOLE   10 0 0
Entercom Communications COM 293639100 2 200 SH   SOLE   200 0 0
Enterprise Bancorp Inc Mass COM 293668109 3 100 SH   SOLE   100 0 0
Everest Re Group Ltd COM G3223R108 14,432 73,100 SH   SOLE   21,100 0 52,000
Exxon Mobil Corporation COM 30231G102 4,815 57,600 SH   SOLE   17,300 0 40,300
FBL Financial Group cl A COM 30239F106 2 34 SH   SOLE   34 0 0
FBR & Co. COM 30247C400 2 100 SH   SOLE   100 0 0
Fidelity & Guaranty Life COM 315785105 2 58 SH   SOLE   58 0 0
Fifth Third Bancorp COM 316773100 6,232 373,400 SH   SOLE   119,400 0 254,000
First Busey Corporation COM 319383204 2 120 SH   SOLE   120 0 0
First Citizens Bancshares cl A COM 31946M103 3 12 SH   SOLE   12 0 0
First Community Bancshares Inc COM 31983A103 2 119 SH   SOLE   119 0 0
First Financial Corp (IN) COM 320218100 3 100 SH   SOLE   100 0 0
First Interstate BancSystem A COM 32055Y201 3 111 SH   SOLE   111 0 0
Flexsteel Industries Inc. COM 339382103 5 105 SH   SOLE   105 0 0
Fluor Corporation COM 343412102 2,728 50,800 SH   SOLE   10,200 0 40,600
Ford Motor Company COM 345370860 463 34,300 SH   SOLE   34,300 0 0
Franklin Resources, Inc. COM 354613101 8,271 211,800 SH   SOLE   60,500 0 151,300
Fresh Del Monte Produce COM G36738105 1 32 SH   SOLE   32 0 0
FutureFuel Corp COM 36116M106 5 383 SH   SOLE   383 0 0
GAMCO Investors, Inc. COM 361438104 3 94 SH   SOLE   94 0 0
Gamestop Corp COM 36467W109 228 7,200 SH   SOLE   0 0 7,200
Gap Inc. COM 364760108 7,747 263,500 SH   SOLE   76,500 0 187,000
General Electric Company COM 369604103 1,342 42,225 SH   SOLE   12,400 0 29,825
General Growth Properties Inc COM 370023103 1,026 34,500 SH   SOLE   0 0 34,500
German American Bancorp COM 373865104 4 119 SH   SOLE   119 0 0
Gilead Sciences Inc. COM 375558103 1,920 20,900 SH   SOLE   5,300 0 15,600
Global Sources Ltd. COM G39300101 3 313 SH   SOLE   313 0 0
Goldman Sachs Group Inc COM 38141G104 989 6,300 SH   SOLE   1,100 0 5,200
Goodyear Tire & Rubber COM 382550101 8,176 247,900 SH   SOLE   64,400 0 183,500
Great Southern Bancorp COM 390905107 1 16 SH   SOLE   16 0 0
Greenbrier Companies COM 393657101 600 21,700 SH   SOLE   6,500 0 15,200
HP Inc. COM 40434L105 3,202 259,900 SH   SOLE   78,000 0 181,900
Hallador Energy Company COM 40609P105 2 331 SH   SOLE   331 0 0
Handy & Harman Ltd. COM 410315105 2 84 SH   SOLE   84 0 0
Hawaiian Telcom Holdco, Inc. COM 420031106 4 188 SH   SOLE   188 0 0
Healthcare Realty Trust Inc. COM 421946104 2,388 77,300 SH   SOLE   27,900 0 49,400
Heartland Financial USA COM 42234Q102 0 14 SH   SOLE   14 0 0
Henry Schein Inc. COM 806407102 1,726 10,000 SH   SOLE   2,400 0 7,600
Hormel Foods Corp COM 440452100 5,643 130,500 SH   SOLE   43,000 0 87,500
Hubbell Inc COM 443510201 731 6,900 SH   SOLE   2,100 0 4,800
Hudson Pacific Properties, Inc COM 444097109 2,403 83,100 SH   SOLE   31,300 0 51,800
Huntsman Corp. COM 447011107 343 25,800 SH   SOLE   0 0 25,800
Hyster-Yale Materials Handling COM 449172105 4 56 SH   SOLE   56 0 0
IBM Corp COM 459200101 9,148 60,400 SH   SOLE   18,100 0 42,300
IDT Corporation Cl B COM 448947507 1 49 SH   SOLE   49 0 0
ITT Corporation COM 450911201 1,306 35,400 SH   SOLE   11,100 0 24,300
Illinois Tool Works Inc. COM 452308109 8,185 79,900 SH   SOLE   23,900 0 56,000
Independence Holding Co. COM 453440307 3 160 SH   SOLE   160 0 0
Ingram Micro Inc. COM 457153104 1,095 30,500 SH   SOLE   8,800 0 21,700
Ingredion Incorporated COM 457187102 619 5,800 SH   SOLE   2,100 0 3,700
International Bancshares COM 459044103 3 116 SH   SOLE   116 0 0
Interval Leisure Group COM 46113M108 2 156 SH   SOLE   156 0 0
Investors Real Estate Trust COM 461730103 1 100 SH   SOLE   100 0 0
Iridium Communications Inc COM 46269C102 2 208 SH   SOLE   208 0 0
JPMorgan Chase & Co COM 46625H100 11,394 192,400 SH   SOLE   54,500 0 137,900
Jack Henry & Associates COM 426281101 1,810 21,400 SH   SOLE   5,900 0 15,500
John B Sanfilippo & Son Inc. COM 800422107 1 11 SH   SOLE   11 0 0
John Bean Technologies COM 477839104 175 3,100 SH   SOLE   0 0 3,100
Johnson Outdoors Inc. COM 479167108 1 47 SH   SOLE   47 0 0
Key Tronic Corp COM 493144109 1 100 SH   SOLE   100 0 0
Keysight Technologies Inc COM 49338L103 3,914 141,100 SH   SOLE   49,000 0 92,100
Kilroy Realty Corp. COM 49427F108 1,677 27,100 SH   SOLE   9,100 0 18,000
Kimball Electronics, Inc. COM 49428J109 2 215 SH   SOLE   215 0 0
Lake Sunapee Bank Group COM 510866106 2 156 SH   SOLE   156 0 0
Lancaster Colony Corp COM 513847103 2,510 22,700 SH   SOLE   6,700 0 16,000
Landstar System Inc. COM 515098101 1,641 25,400 SH   SOLE   6,300 0 19,100
Lear Corporation COM 521865204 11,717 105,400 SH   SOLE   28,900 0 76,500
Lincoln National Corp COM 534187109 3,371 86,000 SH   SOLE   24,700 0 61,300
Loews Corp COM 540424108 842 22,000 SH   SOLE   19,300 0 2,700
M/I Homes, Inc. COM 55305B101 5 243 SH   SOLE   243 0 0
MDU Resources Group COM 552690109 588 30,200 SH   SOLE   7,800 0 22,400
MGE Energy Inc. COM 55277P104 3 55 SH   SOLE   55 0 0
Maiden Holdings Ltd. COM G5753U112 1 52 SH   SOLE   52 0 0
ManpowerGroup COM 56418H100 708 8,700 SH   SOLE   1,800 0 6,900
Marathon Petroleum Corp COM 56585A102 889 23,900 SH   SOLE   1,400 0 22,500
Marine Products Corp COM 568427108 2 300 SH   SOLE   300 0 0
Marlin Business Services Corp COM 571157106 3 206 SH   SOLE   206 0 0
Mednax, Inc. COM 58502B106 1,053 16,300 SH   SOLE   2,400 0 13,900
Meritor, Inc. COM 59001K100 2 246 SH   SOLE   246 0 0
MidWestOne Finl Grp COM 598511103 2 72 SH   SOLE   72 0 0
Monmouth Real Est Inv Corp COM 609720107 443 37,275 SH   SOLE   75 0 37,200
Morningstar, Inc. COM 617700109 5,252 59,500 SH   SOLE   17,800 0 41,700
Movado Group Inc. COM 624580106 2 55 SH   SOLE   55 0 0
Mueller Industries, Inc. COM 624756102 1 46 SH   SOLE   46 0 0
MutualFirst Financial Inc. COM 62845B104 2 86 SH   SOLE   86 0 0
National Bankshares Inc COM 634865109 2 54 SH   SOLE   54 0 0
National Beverage Corp COM 635017106 3 69 SH   SOLE   69 0 0
National General Holdings Corp COM 636220303 2 100 SH   SOLE   100 0 0
National HealthCare Corp COM 635906100 3 44 SH   SOLE   44 0 0
National Western Life Group A COM 638517102 2 10 SH   SOLE   10 0 0
Nature's Sunshine Products COM 639027101 2 242 SH   SOLE   242 0 0
Navient Corporation COM 63938C108 5,105 426,500 SH   SOLE   117,300 0 309,200
Navigators Group, Inc. COM 638904102 2 22 SH   SOLE   22 0 0
Nelnet Inc COM 64031N108 3 78 SH   SOLE   78 0 0
NewStar Financial, Inc. COM 65251F105 2 220 SH   SOLE   220 0 0
NiSource Inc COM 65473P105 822 34,900 SH   SOLE   13,200 0 21,700
Nutraceutical Int'l Corp COM 67060Y101 4 181 SH   SOLE   181 0 0
OM Asset Management plc COM G67506108 1 100 SH   SOLE   100 0 0
OceanFirst Financial COM 675234108 1 44 SH   SOLE   44 0 0
Oil-Dri Corp. of Amer COM 677864100 2 54 SH   SOLE   54 0 0
Omega Flex, Inc. COM 682095104 2 55 SH   SOLE   55 0 0
One Liberty Properties Inc. COM 682406103 5 237 SH   SOLE   237 0 0
Onebeacon Insurance Grp COM G67742109 2 187 SH   SOLE   187 0 0
PC Connection, Inc. COM 69318J100 8 304 SH   SOLE   304 0 0
PDL BioPharma, Inc. COM 69329Y104 1 330 SH   SOLE   330 0 0
PH Glatfelter Co. COM 377316104 3 156 SH   SOLE   156 0 0
PHI, Inc. Non-Voting COM 69336T205 3 166 SH   SOLE   166 0 0
PPL Corporation COM 69351T106 407 10,700 SH   SOLE   10,700 0 0
Park National Corp OH COM 700658107 4 40 SH   SOLE   40 0 0
Park-Ohio Holdings Co COM 700666100 2 48 SH   SOLE   48 0 0
Patterson Companies Inc COM 703395103 5,518 118,600 SH   SOLE   25,100 0 93,500
Penske Automotive Group COM 70959W103 2,346 61,900 SH   SOLE   16,200 0 45,700
Peoples Bancorp of NC COM 710577107 2 100 SH   SOLE   100 0 0
Pilgrims Pride Corp COM 72147K108 12,383 487,500 SH   SOLE   139,900 0 347,600
Preformed Line Products COM 740444104 2 53 SH   SOLE   53 0 0
Premier Financial Bncp. COM 74050M105 2 150 SH   SOLE   150 0 0
Principal Financial Group COM 74251V102 4,284 108,600 SH   SOLE   29,600 0 79,000
Provident Financial Services COM 74386T105 1 37 SH   SOLE   37 0 0
Public Service Enterprise Grp COM 744573106 2,819 59,800 SH   SOLE   17,700 0 42,100
Pulaski Financial Corp. COM 745548107 3 162 SH   SOLE   162 0 0
PulteGroup, Inc. COM 745867101 3,113 166,400 SH   SOLE   42,600 0 123,800
Quest Diagnostics Inc COM 74834L100 4,158 58,200 SH   SOLE   14,400 0 43,800
Quintiles Transnational Hldg COM 74876Y101 1,400 21,500 SH   SOLE   14,500 0 7,000
Reinsurance Group of America COM 759351604 3,263 33,900 SH   SOLE   7,600 0 26,300
Republic Bancorp KY COM 760281204 3 100 SH   SOLE   100 0 0
ResMed Inc. COM 761152107 35 600 SH   SOLE   600 0 0
Robert Half International Inc. COM 770323103 1,127 24,200 SH   SOLE   9,900 0 14,300
Rockwell Collins Inc COM 774341101 959 10,400 SH   SOLE   2,000 0 8,400
Rollins Inc. COM 775711104 1,207 44,500 SH   SOLE   15,100 0 29,400
Saga Communications Inc. COM 786598300 2 52 SH   SOLE   52 0 0
Sally Beauty Holdings, Inc. COM 79546E104 479 14,800 SH   SOLE   3,300 0 11,500
Sanmina Corporation COM 801056102 3 147 SH   SOLE   147 0 0
Santander Consmer USA Hdng Inc COM 80283M101 2,361 225,100 SH   SOLE   91,200 0 133,900
Sapiens International COM N7716A151 2 171 SH   SOLE   171 0 0
Saul Centers Inc. COM 804395101 3 55 SH   SOLE   55 0 0
Scana Corporation COM 80589M102 13,918 198,400 SH   SOLE   60,400 0 138,000
Scripps Networks Interact. COM 811065101 812 12,400 SH   SOLE   4,000 0 8,400
Select Medical Holdings Corp COM 81619Q105 2 207 SH   SOLE   207 0 0
Seneca Foods cl A COM 817070501 1 21 SH   SOLE   21 0 0
Shiloh Industries Inc. COM 824543102 1 160 SH   SOLE   160 0 0
Ship Finance Intl Ltd COM G81075106 2 119 SH   SOLE   119 0 0
Sonic Automotive, Inc. COM 83545G102 2 129 SH   SOLE   129 0 0
Southern Copper Corp. COM 84265V105 5,955 214,900 SH   SOLE   64,300 0 150,600
Southern MO Bancorp COM 843380106 3 109 SH   SOLE   109 0 0
Starz Series A COM 85571Q102 450 17,100 SH   SOLE   3,000 0 14,100
Steris PLC COM G84720104 50 700 SH   SOLE   0 0 700
Strattec Security Corp COM 863111100 2 40 SH   SOLE   40 0 0
Summit Hotel Properties, Inc. COM 866082100 889 74,300 SH   SOLE   0 0 74,300
Sun Communities Inc. COM 866674104 4,676 65,300 SH   SOLE   18,900 0 46,400
SunTrust Banks, Inc. COM 867914103 4,575 126,800 SH   SOLE   32,700 0 94,100
Synchrony Financial COM 87165B103 5,119 178,603 SH   SOLE   70,756 0 107,847
Syntel Inc. COM 87162H103 3 68 SH   SOLE   68 0 0
Synutra International, Inc. COM 87164C102 1 233 SH   SOLE   233 0 0
TAL International Group COM 874083108 1 71 SH   SOLE   71 0 0
TESSCO Technologies, Inc. COM 872386107 3 200 SH   SOLE   200 0 0
TRC Companies Inc. COM 872625108 3 401 SH   SOLE   401 0 0
Tanger Factory Outlet COM 875465106 4,756 130,700 SH   SOLE   40,600 0 90,100
TeleTech Holdings Inc COM 879939106 3 114 SH   SOLE   114 0 0
Textainer Group Hldgs Ltd. COM G8766E109 1 100 SH   SOLE   100 0 0
The New Home Company Inc. COM 645370107 2 190 SH   SOLE   190 0 0
Thomson Reuters Corp COM 884903105 2,639 65,200 SH   SOLE   19,800 0 45,400
Toro Company COM 891092108 3,410 39,600 SH   SOLE   11,100 0 28,500
Trans World Entertainment COM 89336Q100 2 500 SH   SOLE   500 0 0
Trinity Industries, Inc. COM 896522109 2,305 125,900 SH   SOLE   38,100 0 87,800
Triumph Group Inc. COM 896818101 1,470 46,700 SH   SOLE   13,900 0 32,800
Tutor Perini Corporation COM 901109108 3 186 SH   SOLE   186 0 0
Twenty-First Cent Fox Inc Cl A COM 90130A101 6,764 242,600 SH   SOLE   72,200 0 170,400
Trans World Entertainement COM 902681105 371 9,200 SH   SOLE   0 0 9,200
United Guardian Inc. COM 910571108 1 69 SH   SOLE   69 0 0
Universal Corporation COM 913456109 2 28 SH   SOLE   28 0 0
Universal Health Services COM 913903100 1,621 13,000 SH   SOLE   3,400 0 9,600
Universal Truckload Services COM 91388P105 4 217 SH   SOLE   217 0 0
Unum Group COM 91529Y106 1,348 43,600 SH   SOLE   15,700 0 27,900
Urstadt Biddle Prop cl A COM 917286205 1 47 SH   SOLE   47 0 0
Utah Medical Products Inc. COM 917488108 2 39 SH   SOLE   39 0 0
VSE Corporation COM 918284100 2 26 SH   SOLE   26 0 0
Valero Energy Corp. COM 91913Y100 5,106 79,600 SH   SOLE   23,400 0 56,200
Varian Medical Systems Inc. COM 92220P105 2,465 30,800 SH   SOLE   13,200 0 17,600
Vectrus, Inc. COM 92242T101 2 88 SH   SOLE   88 0 0
Village Super Market COM 927107409 5 223 SH   SOLE   223 0 0
Voya Financial, Inc. COM 929089100 1,497 50,300 SH   SOLE   16,000 0 34,300
WD-40 Company COM 929236107 2,981 27,600 SH   SOLE   6,600 0 21,000
WESCO International, Inc. COM 95082P105 421 7,700 SH   SOLE   2,500 0 5,200
Wal-Mart Stores, Inc. COM 931142103 10,541 12,295 SH   SOLE   12,295 0 107,500
Washington Trust Bancorp COM 940610108 4 100 SH   SOLE   100 0 0
Wayside Technology Group COM 946760105 2 100 SH   SOLE   100 0 0
Weis Markets Inc. COM 948849104 476 10,555 SH   SOLE   55 0 10,500
Wells Fargo & Co COM 949746101 13,613 281,500 SH   SOLE   84,500 0 197,000
Western Refining, Inc. COM 959319104 3 88 SH   SOLE   88 0 0
Westlake Chemical Corp COM 960413102 2,338 50,500 SH   SOLE   14,300 0 36,200
Weyco Group Inc. COM 962149100 2 63 SH   SOLE   63 0 0
Winmark Corporation COM 974250102 2 22 SH   SOLE   22 0 0
World Acceptance Corp COM 981419104 1 28 SH   SOLE   28 0 0
World Fuel Services Corp COM 981475106 5,626 115,800 SH   SOLE   26,000 0 89,800
Xerox Corporation COM 984121103 2,254 202,000 SH   SOLE   83,300 0 118,700
ZAIS Financial Corp. COM 98886K108 1 100 SH   SOLE   100 0 0