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
AGCO CORP COM 1084102 1,369 29,045 SH   SOLE 1 29,045 0 0
AIRCASTLE LTD COM G0129K104 1,351 69,073 SH   SOLE 1 69,073 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 1,750 31,298 SH   SOLE 1 31,298 0 0
ALCOA INC COM 13817101 2,100 226,552 SH   SOLE 1 226,552 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 968 27,558 SH   SOLE 1 27,558 0 0
AMERIGAS PARTNERS L P UNIT L P INT 30975106 1,847 39,545 SH   SOLE 1 39,545 0 0
AMGEN INC COM 31162100 1,480 9,727 SH   SOLE 1 9,727 0 0
ATN INTL INC COM NEW 00215F107 365 4,675 SH   SOLE 1 4,675 0 0
BB&T CORP COM 54937107 1,935 54,342 SH   SOLE 1 54,342 0 0
BEMIS INC COM 81437105 728 14,135 SH   SOLE 1 14,135 0 0
BORGWARNER INC COM 99724106 1,057 35,809 SH   SOLE 1 35,809 0 0
BUNGE LIMITED COM G16962105 624 10,544 SH   SOLE 1 10,544 0 0
CARDINAL HEALTH INC COM 14149Y108 988 12,626 SH   SOLE 1 12,626 0 0
CHEVRON CORP COM NEW 166764100 1,193 11,379 SH   SOLE 1 11,379 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,214 35,042 SH   SOLE 1 35,042 0 0
CINCINNATI FINL CORP COM 172062101 422 5,596 SH   SOLE 1 5,596 0 0
CINEMARK HOLDINGS INC COM 17243V102 1,712 46,957 SH   SOLE 1 46,957 0 0
CME GROUP INC COM 12572Q105 1,139 11,698 SH   SOLE 1 11,698 0 0
CNA FINL CORP COM 126117100 423 13,462 SH   SOLE 1 13,462 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 353 11,959 SH   SOLE 1 11,959 0 0
COMPASS DIVERSIFIED HOLDINGS SH BEN INT 20451Q104 511 30,815 SH   SOLE 1 30,815 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,634 22,023 SH   SOLE 1 22,023 0 0
COOPER TIRE & RUBR CO COM 216831107 789 26,447 SH   SOLE 1 26,447 0 0
COPA HOLDINGS SA CL A P31076105 2,099 40,174 SH   SOLE 1 40,174 0 0
CORNING INC COM 219350105 2,104 102,751 SH   SOLE 1 102,751 0 0
CREE INC COM 225447101 1,949 79,728 SH   SOLE 1 79,728 0 0
CSG SYS INTL INC COM 126349109 707 17,541 SH   SOLE 1 17,541 0 0
DEVRY ED GROUP INC COM 251893103 1,627 91,184 SH   SOLE 1 91,184 0 0
DOMTAR CORP COM NEW 257559203 1,423 40,306 SH   SOLE 1 40,306 0 0
DONALDSON INC COM 257651109 857 24,937 SH   SOLE 1 24,937 0 0
EATON VANCE CORP COM NON VTG 278265103 319 9,016 SH   SOLE 1 9,016 0 0
EMERSON ELEC CO COM 291011104 1,563 29,961 SH   SOLE 1 29,961 0 0
EXXON MOBIL CORP COM 30231G102 1,768 18,863 SH   SOLE 1 18,863 0 0
F M C CORP COM NEW 302491303 1,979 42,580 SH   SOLE 1 42,580 0 0
FASTENAL CO COM 311900104 2,565 57,794 SH   SOLE 1 57,794 0 0
FMC TECHNOLOGIES INC COM 30249U101 2,018 75,668 SH   SOLE 1 75,668 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 578 45,954 SH   SOLE 1 45,954 0 0
GENTEX CORP COM 371901109 1,686 109,151 SH   SOLE 1 109,151 0 0
GEO GROUP INC NEW COM 36162J106 1,716 50,198 SH   SOLE 1 50,198 0 0
GERDAU S A SPON ADR REP PFD 373737105 913 501,655 SH   SOLE 1 501,655 0 0
INTEL CORP COM 458140100 2,572 78,415 SH   SOLE 1 78,415 0 0
INTERPUBLIC GROUP COS INC COM 460690100 799 34,568 SH   SOLE 1 34,568 0 0
IRON MTN INC NEW COM 46284V101 3,410 85,625 SH   SOLE 1 85,625 0 0
ITRON INC COM 465741106 1,345 31,198 SH   SOLE 1 31,198 0 0
JABIL CIRCUIT INC COM 466313103 1,688 91,379 SH   SOLE 1 91,379 0 0
JOHNSON CTLS INC COM 478366107 1,548 34,826 SH   SOLE 1 34,826 0 0
JUNIPER NETWORKS INC COM 48203R104 2,461 109,421 SH   SOLE 1 109,421 0 0
KIMBERLY CLARK CORP COM 494368103 746 5,390 SH   SOLE 1 5,390 0 0
LEAR CORP COM NEW 521865204 1,270 12,476 SH   SOLE 1 12,476 0 0
LIONS GATE ENTMNT CORP COM NEW 535919203 1,651 81,232 SH   SOLE 1 81,232 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,547 20,359 SH   SOLE 1 20,359 0 0
MATTEL INC COM 577081102 1,782 56,943 SH   SOLE 1 56,943 0 0
MCDERMOTT INTL INC COM 580037109 1,534 310,475 SH   SOLE 1 310,475 0 0
MICROSOFT CORP COM 594918104 3,406 66,553 SH   SOLE 1 66,553 0 0
MOLSON COORS BREWING CO CL B 60871R209 1,403 13,877 SH   SOLE 1 13,877 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 2,553 38,459 SH   SOLE 1 38,459 0 0
MSC INDL DIRECT INC CL A 553530106 1,120 15,869 SH   SOLE 1 15,869 0 0
NATIONAL CINEMEDIA INC COM 635309107 731 47,205 SH   SOLE 1 47,205 0 0
NATIONAL FUEL GAS CO N J COM 636180101 1,789 31,224 SH   SOLE 1 31,224 0 0
NEW YORK TIMES CO CL A 650111107 2,081 171,997 SH   SOLE 1 171,997 0 0
NORTHERN TR CORP COM 665859104 1,594 23,914 SH   SOLE 1 23,914 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,245 79,678 SH   SOLE 1 79,678 0 0
NVIDIA CORP COM 67066G104 433 9,213 SH   SOLE 1 9,213 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,985 26,013 SH   SOLE 1 26,013 0 0
OFFICE DEPOT INC COM 676220106 1,339 404,570 SH   SOLE 1 404,570 0 0
OMNICOM GROUP INC COM 681919106 2,750 33,516 SH   SOLE 1 33,516 0 0
OWENS & MINOR INC NEW COM 690732102 1,536 41,097 SH   SOLE 1 41,097 0 0
PARKER HANNIFIN CORP COM 701094104 1,262 11,680 SH   SOLE 1 11,680 0 0
PEPSICO INC COM 713448108 961 9,075 SH   SOLE 1 9,075 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,751 33,797 SH   SOLE 1 33,797 0 0
PRAXAIR INC COM 74005P104 1,892 16,838 SH   SOLE 1 16,838 0 0
PROSHARES TR PSHS LC COR PLUS COM 74347R248 6,093 119,140 SH   DFND 1 0 119,140 0
QUALCOMM INC COM 747525103 1,041 19,439 SH   SOLE 1 19,439 0 0
QUEST DIAGNOSTICS INC COM 74834L100 1,319 16,207 SH   SOLE 1 16,207 0 0
QUEST DIAGNOSTICS INC COM 74834L100 2,357 28,951 SH   SOLE 1 28,951 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 987 19,930 SH   SOLE 1 19,930 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 690 33,424 SH   SOLE 1 33,424 0 0
SCHOLASTIC CORP COM 807066105 1,081 27,281 SH   SOLE 1 27,281 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 1,272 26,954 SH   SOLE 1 26,954 0 0
STERICYCLE INC COM 858912108 914 8,778 SH   SOLE 1 8,778 0 0
STOCK YDS BANCORP INC COM 861025104 593 20,869 SH   SOLE 1 20,869 0 0
TARGET CORP COM 87612E106 1,407 20,158 SH   SOLE 1 20,158 0 0
TE CONNECTIVITY LTD REG SHS H84989104 1,443 25,267 SH   SOLE 1 25,267 0 0
TEGNA INC COM 87901J105 1,687 72,398 SH   SOLE 1 72,398 0 0
TERADATA CORP DEL COM 88076W103 2,038 81,287 SH   SOLE 1 81,287 0 0
THOMSON REUTERS CORP COM 884903105 1,808 44,742 SH   SOLE 1 44,742 0 0
TIME INC NEW COM 887228104 2,178 132,303 SH   SOLE 1 132,303 0 0
TIME WARNER INC COM NEW 887317303 1,513 20,568 SH   SOLE 1 20,568 0 0
TRANSMONTAIGNE PARTNERS L P COM UNIT L P 89376V100 843 20,518 SH   SOLE 1 20,518 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,334 112,199 SH   SOLE 1 112,199 0 0
UNILEVER PLC SPON ADR NEW 904767704 1,611 33,624 SH   SOLE 1 33,624 0 0
UNION PAC CORP COM 907818108 1,659 19,013 SH   SOLE 1 19,013 0 0
UNISYS CORP COM NEW 909214306 613 84,148 SH   SOLE 1 84,148 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,071 19,230 SH   SOLE 1 19,230 0 0
UNITED STATES STL CORP NEW COM 912909108 1,299 77,072 SH   SOLE 1 77,072 0 0
US BANCORP DEL COM NEW 902973304 2,331 57,448 SH   SOLE 1 57,448 0 0
VARIAN MED SYS INC COM 92220P105 2,013 24,476 SH   SOLE 1 24,476 0 0
VECTREN CORP COM 92240G101 1,723 32,715 SH   SOLE 1 32,715 0 0
VENTAS INC COM 92276F100 1,801 24,732 SH   SOLE 1 24,732 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,927 52,426 SH   SOLE 1 52,426 0 0
WAL-MART STORES INC COM 931142103 2,258 30,925 SH   SOLE 1 30,925 0 0
WELLS FARGO & CO NEW COM 949746101 2,545 53,773 SH   SOLE 1 53,773 0 0
WERNER ENTERPRISES INC COM 950755108 1,137 49,492 SH   SOLE 1 49,492 0 0
WESBANCO INC COM 950810101 635 20,280 SH   SOLE 1 20,280 0 0
WESTERN UN CO COM 959802109 1,593 83,068 SH   SOLE 1 83,068 0 0
WEYERHAEUSER CO COM 962166104 1,344 45,137 SH   SOLE 1 45,137 0 0
WHIRLPOOL CORP COM 963320106 1,024 6,145 SH   SOLE 1 6,145 0 0