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
ABBOTT LABS COM 002824100 483 11,537 SH   SOLE 0 11,537 0 0
ABBVIE INC COM 00287Y109 5,581 97,712 SH   SOLE 0 97,712 0 0
ACADIA REALTY TRUST COM 004239109 11,788 335,543 SH   SOLE 0 335,543 0 0
ACETO CORP COM 004446100 11,183 474,657 SH   SOLE 0 474,657 0 0
AFFILIATED MNGRS GRP COM 008252108 4,747 29,229 SH   SOLE 0 29,229 0 0
ALERE, INC COM 01449J105 9,765 192,953 SH   SOLE 0 192,953 0 0
ALEXANDRIA REAL ESTATE COM 015271109 10,132 111,477 SH   SOLE 0 111,477 0 0
ALLEGIANT TRAVEL CO. COM 01748X102 6,215 34,906 SH   SOLE 0 34,906 0 0
ALLERGAN INC COM G0177J108 5,981 22,312 SH   SOLE 0 22,312 0 0
ALLIANCE DATA SYS CORP COM 018581108 4,580 20,819 SH   SOLE 0 20,819 0 0
ALPHABET INC CL A COM 02079K305 1,419 1,860 SH   SOLE 0 1,860 0 0
ALPHABET INC CL C COM 02079K107 7,262 9,748 SH   SOLE 0 9,748 0 0
AMERICAN EQTY INVT LFE COM 025676206 2,722 162,013 SH   SOLE 0 162,013 0 0
AMERICAN INTL GROUP COM 026874784 8,363 154,666 SH   SOLE 0 154,666 0 0
AMERIPRISE FINL INC COM 03076C106 8,454 89,874 SH   SOLE 0 89,874 0 0
AMERIS BANCORP COM 03076K108 10,846 366,660 SH   SOLE 0 366,660 0 0
AMGEN INC COM 031162100 675 4,503 SH   SOLE 0 4,503 0 0
APPLE COMPUTER INC COM 037833100 7,067 64,844 SH   SOLE 0 64,844 0 0
ARTISAN PARTNERS ASSET MGMT COM 04316A108 3,230 104,723 SH   SOLE 0 104,723 0 0
ASHLAND INC COM 044209104 4,372 39,761 SH   SOLE 0 39,761 0 0
ASTEC INDS INC COM 046224101 6,336 135,763 SH   SOLE 0 135,763 0 0
AT&T INC COM 00206R102 6,261 159,839 SH   SOLE 0 159,839 0 0
ATLANTIC CAPITAL BANCSHARES INC COM 048269203 165 11,829 SH   SOLE 0 11,829 0 0
ATMOS ENERGY CORP COM 049560105 4,508 60,703 SH   SOLE 0 60,703 0 0
AVALONBAY COMMUNITIES COM 053484101 2,188 11,506 SH   SOLE 0 11,506 0 0
BAKER HUGHES INC COM 057224107 1,890 43,120 SH   SOLE 0 43,120 0 0
BANK OF AMERICA CORP COM 060505104 7,281 538,548 SH   SOLE 0 538,548 0 0
BANK OF MARIN BANCORP COM 063425102 620 12,601 SH   SOLE 0 12,601 0 0
BANNER CORP COM 06652V208 10,425 247,975 SH   SOLE 0 247,975 0 0
BAXALTA INC COM 07177M103 7,369 182,405 SH   SOLE 0 182,405 0 0
BERKSHIRE HATHAWAY CLASS B COM 084670702 226 1,590 SH   SOLE 0 1,590 0 0
BLACK HILLS CORP COM 092113109 10,729 178,433 SH   SOLE 0 178,433 0 0
BNC BANCORP COM 05566T101 7,791 368,915 SH   SOLE 0 368,915 0 0
BOEING CO COM 097023105 3,747 29,515 SH   SOLE 0 29,515 0 0
BOK FINL CORP COM NEW COM 05561Q201 6,190 113,329 SH   SOLE 0 113,329 0 0
BOSTON PROPERTIES INC COM 101121101 1,810 14,243 SH   SOLE 0 14,243 0 0
BROWN & BROWN INC COM 115236101 4,309 120,371 SH   SOLE 0 120,371 0 0
CABOT CORP COM 127055101 2,931 60,640 SH   SOLE 0 60,640 0 0
CALLON PETE CO DEL COM 13123X102 6,111 690,467 SH   SOLE 0 690,467 0 0
CAMDEN PROPERTY TRUST COM 133131102 426 5,066 SH   SOLE 0 5,066 0 0
CAPITAL BANK FINANCIAL CORP COM 139794101 5,034 163,178 SH   SOLE 0 163,178 0 0
CARRIZO OIL & GAS COM 144577103 10,126 327,493 SH   SOLE 0 327,493 0 0
CBIZ INC COM 124805102 8,840 876,108 SH   SOLE 0 876,108 0 0
CENTERSTATE BANKS INC COM 15201P109 9,688 650,608 SH   SOLE 0 650,608 0 0
CHATHAM LODGING TRUST COM 16208T102 287 13,397 SH   SOLE 0 13,397 0 0
CHEMBIO DIAGNOSTICS COM 163572209 127 21,200 SH   SOLE 0 21,200 0 0
CHESAPEAKE UTILITIES CORP. COM 165303108 9,029 143,393 SH   SOLE 0 143,393 0 0
CHEVRON CORP NEW COM 166764100 6,030 63,203 SH   SOLE 0 63,203 0 0
CHUBB LTD COM H1467J104 4,294 36,040 SH   SOLE 0 36,040 0 0
CIGNA CORP COM 125509109 4,668 34,014 SH   SOLE 0 34,014 0 0
CISCO SYS INC COM 17275R102 397 13,947 SH   SOLE 0 13,947 0 0
CITIGROUP INC COM 172967424 7,402 177,294 SH   SOLE 0 177,294 0 0
CITRIX SYS INC COM 177376100 2,136 27,177 SH   SOLE 0 27,177 0 0
CNO FINANCIAL INC COM 12621E103 16,866 941,162 SH   SOLE 0 941,162 0 0
COCA COLA ENTERPRISES INC NEW COM 19122T109 510 10,042 SH   SOLE 0 10,042 0 0
COLGATE PALMOLIVE CO COM 194162103 550 7,780 SH   SOLE 0 7,780 0 0
COLUMBIA SPORTSWEAR CO COM 198516106 5,119 85,197 SH   SOLE 0 85,197 0 0
CONAGRA FOODS INC COM 205887102 4,263 95,534 SH   SOLE 0 95,534 0 0
CONOCOPHILLIPS COM 20825C104 4,088 101,517 SH   SOLE 0 101,517 0 0
CORESITE REALTY CORP COM 21870Q105 16,925 241,750 SH   SOLE 0 241,750 0 0
CROWN HOLDINGS INC COM 228368106 4,522 91,194 SH   SOLE 0 91,194 0 0
CURTISS WRIGHT CORP COM 231561101 14,053 185,708 SH   SOLE 0 185,708 0 0
CVS HEALTH CORP COM 126650100 12,389 119,439 SH   SOLE 0 119,439 0 0
CYPRESS SEMICONDUCTOR COM 232806109 8,159 942,146 SH   SOLE 0 942,146 0 0
DEAN FOODS CO NEW COM 242370203 3,813 220,173 SH   SOLE 0 220,173 0 0
DELUXE CORP COM 248019101 11,896 190,360 SH   SOLE 0 190,360 0 0
DICKS SPORTING GOODS COM 253393102 4,480 95,838 SH   SOLE 0 95,838 0 0
DINEEQUITY, INC. COM 254423106 5,653 60,508 SH   SOLE 0 60,508 0 0
DOVER CORP COM 260003108 868 13,496 SH   SOLE 0 13,496 0 0
DOW CHEM CO COM 260543103 338 6,640 SH   SOLE 0 6,640 0 0
DSW INC COM 23334L102 4,875 176,376 SH   SOLE 0 176,376 0 0
DU PONT E I DE NEMOURS COM 263534109 272 4,297 SH   SOLE 0 4,297 0 0
DUKE ENERGY CORP COM 26441C204 7,054 87,438 SH   SOLE 0 87,438 0 0
E M C CORP MASS COM 268648102 446 16,752 SH   SOLE 0 16,752 0 0
E.W. SCRIPPS COM 811054402 5,429 348,254 SH   SOLE 0 348,254 0 0
EATON CORP COM G29183103 4,271 68,278 SH   SOLE 0 68,278 0 0
EMCOR GROUP INC COM 29084Q100 4,138 85,137 SH   SOLE 0 85,137 0 0
EMMIS COMMUNICTNS CORP CL A COM 291525103 172 295,312 SH   SOLE 0 295,312 0 0
ENDURANCE SPECIALTY HOLDINGS LTD. COM G30397106 3,977 60,865 SH   SOLE 0 60,865 0 0
ENTERCOM COMM CORP CL A COM 293639100 5,636 532,656 SH   SOLE 0 532,656 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 868 11,940 SH   SOLE 0 11,940 0 0
EQUITY RESIDENTIAL COM 29476L107 3,815 50,852 SH   SOLE 0 50,852 0 0
ESSEX PROPERTY TRUST COM 297178105 941 4,024 SH   SOLE 0 4,024 0 0
ESTERLINE TECHNOLOGIES COM 297425100 5,005 78,112 SH   SOLE 0 78,112 0 0
EXPRESS, INC. COM 30219E103 5,416 252,953 SH   SOLE 0 252,953 0 0
EXTRA SPACE STORAGE COM 30225T102 1,644 17,589 SH   SOLE 0 17,589 0 0
EXXON MOBIL CORP COM 30231G102 13,452 160,923 SH   SOLE 0 160,923 0 0
F M C CORP COM NEW COM 302491303 4,041 100,104 SH   SOLE 0 100,104 0 0
FEDERAL REALTY INVT TR COM 313747206 305 1,955 SH   SOLE 0 1,955 0 0
FIDELITY SOUTHERN CORP COM 316394105 6,163 384,255 SH   SOLE 0 384,255 0 0
FIRST INDUSTRIAL RLTY COM 32054K103 13,541 595,482 SH   SOLE 0 595,482 0 0
FIRST POTOMAC RLTY TR COM 33610F109 231 25,511 SH   SOLE 0 25,511 0 0
FIRST REP BK SAN COM 33616C100 5,053 75,823 SH   SOLE 0 75,823 0 0
GALLAGHER ARTHUR J &CO COM 363576109 5,003 112,471 SH   SOLE 0 112,471 0 0
GENERAL ELEC CO COM 369604103 9,048 284,620 SH   SOLE 0 284,620 0 0
GENERAL GROWTH PPTYS COM 370023103 769 25,867 SH   SOLE 0 25,867 0 0
GIBRALTAR INDS INC COM 374689107 8,553 299,061 SH   SOLE 0 299,061 0 0
GILEAD SCIENCES INC COM 375558103 3,360 36,576 SH   SOLE 0 36,576 0 0
GOLDMAN SACHS GROUP COM 38141G104 5,627 35,844 SH   SOLE 0 35,844 0 0
GUGGENHEIM SPIN-OFF COM 18383M605 1,331 34,488 SH   SOLE 0 34,488 0 0
HARMAN INTL INDS INC COM 413086109 6,301 70,769 SH   SOLE 0 70,769 0 0
HCA INC COM 40412C101 3,644 46,684 SH   SOLE 0 46,684 0 0
HD SUPPLY HOLDINGS INC COM 40416M105 4,539 137,258 SH   SOLE 0 137,258 0 0
HERBALIFE LTD COM G4412G101 2,326 37,777 SH   SOLE 0 37,777 0 0
HERITAGE COMMERCE CORP COM 426927109 4,746 474,109 SH   SOLE 0 474,109 0 0
HERITAGE FINANCIAL CORP COM 42722X106 6,625 377,072 SH   SOLE 0 377,072 0 0
HERITAGE OAKS BANCORP COM 42724R107 7,985 1,025,058 SH   SOLE 0 1,025,058 0 0
HERTZ GLOBAL HOLDINGS, INC. COM 42805T105 2,721 258,365 SH   SOLE 0 258,365 0 0
HOMESTREET INC COM 43785V102 7,529 361,817 SH   SOLE 0 361,817 0 0
HUDSON PACIFIC PROPERTIES, INC. COM 444097109 9,237 319,399 SH   SOLE 0 319,399 0 0
IBERIABANK CORP COM 450828108 4,343 84,705 SH   SOLE 0 84,705 0 0
IDACORP INC COM 451107106 5,284 70,843 SH   SOLE 0 70,843 0 0
IMPAX LABORATORIES INC COM 45256B101 4,616 144,159 SH   SOLE 0 144,159 0 0
INTEL CORP COM 458140100 516 15,957 SH   SOLE 0 15,957 0 0
INTERSIL CORP CL A COM 46069S109 3,943 294,918 SH   SOLE 0 294,918 0 0
INTERVAL LEISURE GROUP, INC COM 46113M108 4,627 320,436 SH   SOLE 0 320,436 0 0
ISHARES INTERNATIONAL DEVELOPED REAL EST COM 464288489 807 27,625 SH   SOLE 0 27,625 0 0
ISHARES RUSSELL 2000 VALUE COM 464287630 218 2,337 SH   SOLE 0 2,337 0 0
ISHARES S&P U.S. PREFERRED STOCK INDEX F NOTE 464288687 4,634 118,732 SH   SOLE 0 118,732 0 0
ISHARES TR DJ US REAL EST COM 464287739 822 10,561 SH   SOLE 0 10,561 0 0
JARDEN CORP COM 471109108 5,564 94,385 SH   SOLE 0 94,385 0 0
JOHNSON & JOHNSON COM 478160104 6,133 56,681 SH   SOLE 0 56,681 0 0
JPMORGAN CHASE & CO COM 46625H100 10,996 185,673 SH   SOLE 0 185,673 0 0
KADANT INC COM 48282T104 4,577 101,341 SH   SOLE 0 101,341 0 0
KAISER ALUMINUM CORP COM 483007704 6,939 82,076 SH   SOLE 0 82,076 0 0
KAPSTONE PAPER & PACKAGING CORP COM 48562P103 4,430 319,872 SH   SOLE 0 319,872 0 0
KEYCORP COM 493267108 1,770 160,327 SH   SOLE 0 160,327 0 0
KILROY REALTY CORP COM 49427F108 8,053 130,152 SH   SOLE 0 130,152 0 0
KIMCO REALTY CORP COM 49446R109 406 14,124 SH   SOLE 0 14,124 0 0
KINDER MORGAN INC KANS COM 49456B101 6,736 377,164 SH   SOLE 0 377,164 0 0
KITE RLTY GROUP TR COM 49803T300 8,469 305,637 SH   SOLE 0 305,637 0 0
LABORATORY AMER HLDGS COM NEW COM 50540R409 215 1,835 SH   SOLE 0 1,835 0 0
LACLEDE GROUP INC COM 505597104 7,448 109,930 SH   SOLE 0 109,930 0 0
MACERICH CO COM 554382101 329 4,157 SH   SOLE 0 4,157 0 0
MAGELLAN MIDSTREAM COM 559080106 270 3,920 SH   SOLE 0 3,920 0 0
MALLINCKRODT PLC COM G5785G107 3,807 62,120 SH   SOLE 0 62,120 0 0
MATERION CORP COM 576690101 4,139 156,292 SH   SOLE 0 156,292 0 0
MATTEL INC COM 577081102 6,164 183,333 SH   SOLE 0 183,333 0 0
MEDTRONIC PLC COM G5960L103 4,000 53,330 SH   SOLE 0 53,330 0 0
MENTOR GRAPHICS CORP COM 587200106 4,763 234,277 SH   SOLE 0 234,277 0 0
MERCK & CO INC COM 58933Y105 4,829 91,269 SH   SOLE 0 91,269 0 0
MEREDITH CORP COM 589433101 7,213 151,860 SH   SOLE 0 151,860 0 0
METHODE ELECTRS INC COM 591520200 220 7,510 SH   SOLE 0 7,510 0 0
METLIFE INC COM 59156R108 7,855 178,764 SH   SOLE 0 178,764 0 0
MICROSOFT CORP COM 594918104 928 16,808 SH   SOLE 0 16,808 0 0
MORGAN STANLEY COM 617446448 223 8,904 SH   SOLE 0 8,904 0 0
MYR GROUP INC COM 55405W104 7,304 290,887 SH   SOLE 0 290,887 0 0
NATIONAL CINEMEDIA COM 635309107 6,210 408,292 SH   SOLE 0 408,292 0 0
NATIONAL OILWELL VARCO COM 637071101 223 7,162 SH   SOLE 0 7,162 0 0
NATIONAL STORAGE AFFILIATES TRUST COM 637870106 9,027 425,803 SH   SOLE 0 425,803 0 0
NATL PENN BANCSHARES COM 637138108 4,234 397,968 SH   SOLE 0 397,968 0 0
NCR CORP NEW COM 62886E108 22,056 736,904 SH   SOLE 0 736,904 0 0
NEWELL RUBBERMAID INC COM 651229106 530 11,969 SH   SOLE 0 11,969 0 0
NOBLE ENRGY INC COM 655044105 5,686 181,025 SH   SOLE 0 181,025 0 0
NORFOLK SOUTHERN CORP COM 655844108 4,042 48,547 SH   SOLE 0 48,547 0 0
NORTEK, INC. COM 656559309 3,765 77,966 SH   SOLE 0 77,966 0 0
NORTHSTAR ASSET MANAGEMENT GROUP COM 66705y104 3,685 324,626 SH   SOLE 0 324,626 0 0
NORWEGIAN CRUISE LINE HOLDINGS LTD. SHS G66721104 7,592 137,315 PRN   SOLE 0 137,315 0 0
NXP SEMICONDUCTORS COM N6596X109 6,323 77,997 SH   SOLE 0 77,997 0 0
PACIFIC PREMIER BANCORP COM 69478X105 8,179 382,724 SH   SOLE 0 382,724 0 0
PAREXEL INTL CORP COM 699462107 7,707 122,863 SH   SOLE 0 122,863 0 0
PDC ENERGY COM 69327R101 9,793 164,723 SH   SOLE 0 164,723 0 0
PEBBLEBROOK HOTEL COM 70509V100 13,066 449,468 SH   SOLE 0 449,468 0 0
PENNEY J C INC COM 708160106 12,656 1,144,298 SH   SOLE 0 1,144,298 0 0
PENUMBRA INC COM 70975L107 20,994 456,381 SH   SOLE 0 456,381 0 0
PEPSICO INC COM 713448108 1,623 15,842 SH   SOLE 0 15,842 0 0
PFIZER INC COM 717081103 7,402 249,739 SH   SOLE 0 249,739 0 0
PHARMERICA COM 71714F104 5,802 262,430 SH   SOLE 0 262,430 0 0
PHILIP MORRIS INTERNATIONAL INC COM 718172109 275 2,804 SH   SOLE 0 2,804 0 0
PHILLIPS 66 COM 718546104 307 3,546 SH   SOLE 0 3,546 0 0
PHOTRONICS INC COM 719405102 4,480 430,335 SH   SOLE 0 430,335 0 0
PIPER JAFFRAY COS COM 724078100 5,441 109,783 SH   SOLE 0 109,783 0 0
PLEXUS CORP COM 729132100 7,843 198,454 SH   SOLE 0 198,454 0 0
PNM RES INC COM 69349H107 7,403 219,538 SH   SOLE 0 219,538 0 0
PORTLAND GENERAL COM 736508847 6,022 152,496 SH   SOLE 0 152,496 0 0
POST PPTYS INC COM 737464107 7,735 129,471 SH   SOLE 0 129,471 0 0
PROCTER & GAMBLE CO COM 742718109 6,273 76,216 SH   SOLE 0 76,216 0 0
PROGENICS PHARMA INC COM 743187106 2,659 609,963 SH   SOLE 0 609,963 0 0
PROGRESS SOFTWARE CORP COM 743312100 7,621 315,977 SH   SOLE 0 315,977 0 0
PROLOGIS COM 74340W103 4,377 99,079 SH   SOLE 0 99,079 0 0
PUBLIC STORAGE INC COM 74460D109 1,153 4,180 SH   SOLE 0 4,180 0 0
QTS REALTY TRUST INC COM 74736A103 4,890 103,216 SH   SOLE 0 103,216 0 0
RADIAN GROUP INC COM 750236101 5,644 455,201 SH   SOLE 0 455,201 0 0
RANGE RES CORP COM 75281A109 7,610 235,033 SH   SOLE 0 235,033 0 0
RAYTHEON CO COM NEW COM 755111507 3,996 32,586 SH   SOLE 0 32,586 0 0
REGENCY CTRS CORP COM 758849103 504 6,740 SH   SOLE 0 6,740 0 0
REXFORD INDUSTRIAL REALTY COM 76169C100 8,415 463,361 SH   SOLE 0 463,361 0 0
RUTH'S HOSPITALITY GROUP, INC. COM 783332109 8,584 466,295 SH   SOLE 0 466,295 0 0
SABRA HEALTH CARE REIT COM 78573L106 6,282 312,697 SH   SOLE 0 312,697 0 0
SCHLUMBERGER LTD COM 806857108 367 4,972 SH   SOLE 0 4,972 0 0
SCHWAB INTERNATIONAL EQUITY COM 808524805 400 14,738 SH   SOLE 0 14,738 0 0
SCHWAB LARGE CAP ETF COM 808524201 5,004 102,448 SH   SOLE 0 102,448 0 0
SCHWAB US REIT ETF COM 808524847 1,080 26,083 SH   SOLE 0 26,083 0 0
SCIENCE APPLICATIONS INTERNATIONAL COM 808625107 9,076 170,156 SH   SOLE 0 170,156 0 0
SCRIPPS NETWORKS INTERACTIVE INC COM 811065101 5,409 82,579 SH   SOLE 0 82,579 0 0
SELECTIVE INS GROUP COM 816300107 4,343 118,634 SH   SOLE 0 118,634 0 0
SENSIENT TECH CORP COM 81725T100 11,861 186,898 SH   SOLE 0 186,898 0 0
SILICON MOTION TECHNOLOGY CORP COM 82706C108 4,829 124,433 SH   SOLE 0 124,433 0 0
SIMON PROPERTY GROUP COM 828806109 2,985 14,373 SH   SOLE 0 14,373 0 0
SINCLAIR BROADCAST GRP CL A COM 829226109 11,212 364,627 SH   SOLE 0 364,627 0 0
SKECHERS U S A INC CL A COM 830566105 3,985 130,874 SH   SOLE 0 130,874 0 0
SKYWEST INC COM 830879102 8,245 412,451 SH   SOLE 0 412,451 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 4,741 60,856 SH   SOLE 0 60,856 0 0
SL GREEN REALTY COM 78440X101 756 7,800 SH   SOLE 0 7,800 0 0
SOUTH JERSEY INDS INC COM 838518108 4,305 151,322 SH   SOLE 0 151,322 0 0
SOUTHERN CO COM 842587107 7,175 138,697 SH   SOLE 0 138,697 0 0
SOUTHWEST AIRLS CO COM 844741108 343 7,657 SH   SOLE 0 7,657 0 0
SPDR DOW JONES WILSHIRE INTERNATIONAL COM 78463X863 288 6,947 SH   SOLE 0 6,947 0 0
SPDR S&P DEPOSITORY RECEIPTS COM 78462F103 941 4,579 SH   SOLE 0 4,579 0 0
STAG INDUSTRIAL COM 85254J102 7,007 344,133 SH   SOLE 0 344,133 0 0
STANLEY BLACK & DECKER COM 854502101 6,856 65,167 SH   SOLE 0 65,167 0 0
STATE BANK & TRUST COM 856190103 8,660 438,502 SH   SOLE 0 438,502 0 0
SUN COMMUNITIES INC COM 866674104 16,391 228,892 SH   SOLE 0 228,892 0 0
SUNTRUST BKS INC COM 867914103 3,764 104,334 SH   SOLE 0 104,334 0 0
SYNNEX CORP COM 87162W100 18,505 199,862 SH   SOLE 0 199,862 0 0
SYNOVUS FINL CORP COM 87161C501 14,860 514,010 SH   SOLE 0 514,010 0 0
TE CONNECTIVITY LTD REG SHS H84989104 3,760 60,716 PRN   SOLE 0 60,716 0 0
TETRA TECH INC NEW COM 88162G103 11,403 382,408 SH   SOLE 0 382,408 0 0
TIMKEN CO COM 887389104 6,341 189,347 SH   SOLE 0 189,347 0 0
TREEHOUSE FOODS INC COM 89469A104 8,989 103,619 SH   SOLE 0 103,619 0 0
TRICO BANCSHARES COM 896095106 8,442 333,403 SH   SOLE 0 333,403 0 0
UNIFIRST CORP MASS COM 904708104 4,214 38,621 SH   SOLE 0 38,621 0 0
UNILEVER NV COM 904784709 268 6,000 SH   SOLE 0 6,000 0 0
UNION PAC CORP COM 907818108 258 3,241 SH   SOLE 0 3,241 0 0
UNITED CMNTY BKS GA CAP STK COM 90984P303 12,164 658,606 SH   SOLE 0 658,606 0 0
UNITED CONTINENTAL HOLDINGS, INC. COM 910047109 3,077 51,406 SH   SOLE 0 51,406 0 0
VALERO ENERGY CORP NEW COM 91913Y100 6,037 94,122 SH   SOLE 0 94,122 0 0
VENTAS INC COM 92276F100 811 12,887 SH   SOLE 0 12,887 0 0
VEREIT INC COM 92339V100 4,429 499,305 SH   SOLE 0 499,305 0 0
VERIFONE COM 92342Y109 5,992 212,166 SH   SOLE 0 212,166 0 0
VERINT SYS INC COM 92343X100 6,303 188,816 SH   SOLE 0 188,816 0 0
VERIZON COMMUNICATIONS COM 92343V104 6,217 114,966 SH   SOLE 0 114,966 0 0
VORNADO REALTY TRUST COM 929042109 764 8,087 SH   SOLE 0 8,087 0 0
WABASH NATL CORP COM 929566107 8,069 611,297 SH   SOLE 0 611,297 0 0
WAL MART STORES INC COM 931142103 567 8,282 SH   SOLE 0 8,282 0 0
WALT DISNEY CO COM 254687106 1,562 15,732 SH   SOLE 0 15,732 0 0
WEB.COM GROUP INC COM 94733A104 3,638 183,535 SH   SOLE 0 183,535 0 0
WELLS FARGO & CO COM 949746101 802 16,581 SH   SOLE 0 16,581 0 0
WELLTOWER INC COM 95040Q104 661 9,539 SH   SOLE 0 9,539 0 0
WEST CORP COM 952355204 5,618 246,194 SH   SOLE 0 246,194 0 0
WESTROCK CO COM 96145D105 1,421 36,396 SH   SOLE 0 36,396 0 0
WINTRUST FINL CORP COM 97650W108 8,344 188,171 SH   SOLE 0 188,171 0 0
YADKIN FINANCIAL CORPORATION COM 984305102 12,106 511,435 SH   SOLE 0 511,435 0 0