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 60 SH   SOLE   60 0 0
AFLAC INC COM COM 001055102 18,080 384,110 SH   SOLE   108,410 0 275,700
AG Mortgage Investment Tr COM 001228105 4 245 SH   SOLE   245 0 0
AMC Networks Inc. cl A COM 00164V103 458 6,900 SH   SOLE   3,000 0 3,900
AT&T Inc. COM 00206R102 19,497 580,600 SH   SOLE   153,400 0 427,200
AVX Corporation COM 002444107 4 225 SH   SOLE   225 0 0
Acco Brands Corporation COM 00081T108 4 345 SH   SOLE   345 0 0
Air Lease Corp. Cl A COM 00912X302 922 20,100 SH   SOLE   10,800 0 9,300
Aircastle Ltd COM G0129K104 5 209 SH   SOLE   209 0 0
Alexanders Inc. COM 014752109 4 12 SH   SOLE   12 0 0
Allstate Corp. COM 020002101 158 1,600 SH   SOLE   0 0 1,600
Ally Financial Inc. COM 02005N100 373 14,100 SH   SOLE   0 0 14,100
Altria Group Inc COM 02209S103 4,300 71,300 SH   SOLE   22,300 0 49,000
Amerco COM 023586100 12,233 34,300 SH   SOLE   10,700 0 23,600
Ameresco Inc COM 02361E108 5 343 SH   SOLE   343 0 0
American Railcar Industries COM 02916P103 5 106 SH   SOLE   106 0 0
AmerisourceBergen Corp COM 03073E105 360 3,900 SH   SOLE   0 0 3,900
Ames National Corp. COM 031001100 2 85 SH   SOLE   85 0 0
Amkor Technology Inc COM 031652100 4 519 SH   SOLE   519 0 0
Andeavor Corp COM 03349M105 921 6,000 SH   SOLE   0 0 6,000
Annaly Capital Mgmt. COM 035710409 6,612 646,300 SH   SOLE   196,200 0 450,100
Apple Inc. COM 037833100 768 3,400 SH   SOLE   0 0 3,400
Arrow Electronics Inc COM 042735100 20,251 274,700 SH   SOLE   83,000 0 191,700
Arrow Financial Corp. COM 042744102 3 92 SH   SOLE   92 0 0
Asbury Automotive Group COM 043436104 3 47 SH   SOLE   47 0 0
Assured Guaranty Ltd COM G0585R106 2,179 51,600 SH   SOLE   22,600 0 29,000
Athene Holding Ltd. COM G0684D107 1,565 30,300 SH   SOLE   14,100 0 16,200
Atrion Corporation COM 049904105 2,644 3,805 SH   SOLE   1,005 0 2,800
AutoNation Inc. COM 05329W102 1,650 39,700 SH   SOLE   15,900 0 23,800
Avangrid Inc. COM 05351W103 7,051 147,100 SH   SOLE   59,700 0 87,400
Avnet Inc. COM 053807103 1,119 25,000 SH   SOLE   11,600 0 13,400
BancFirst Corp OK COM 05945F103 4 70 SH   SOLE   70 0 0
Banco Latinoamericano de Comer COM P16994132 4 169 SH   SOLE   169 0 0
Bed Bath & Beyond Inc COM 075896100 3 221 SH   SOLE   221 0 0
Berkshire Hathaway cl B COM 084670702 12,054 56,300 SH   SOLE   12,300 0 44,000
Biospecifics Tech Corp COM 090931106 4 70 SH   SOLE   70 0 0
Booz Allen Hamilton cl A COM 099502106 1,707 34,400 SH   SOLE   6,100 0 28,300
Bridgford Foods Corp. COM 108763103 2 109 SH   SOLE   109 0 0
Brown-Forman cl B COM 115637209 14,837 293,515 SH   SOLE   89,740 0 203,775
Buckle Inc. COM 118440106 3 134 SH   SOLE   134 0 0
CA Inc. COM 12673P105 5,797 131,300 SH   SOLE   30,300 0 101,000
CBRE Group, Inc. COM 12504L109 10,478 237,600 SH   SOLE   92,600 0 145,000
CDW Corporation COM 12514G108 1,796 20,200 SH   SOLE   500 0 19,700
CNA Financial Corp. COM 126117100 16,772 367,400 SH   SOLE   120,000 0 247,400
CNB Financial Corp PA COM 126128107 2 74 SH   SOLE   74 0 0
CVR Energy, Inc. COM 12662P108 2 54 SH   SOLE   54 0 0
Cambium Learning Group COM 13201A107 4 353 SH   SOLE   353 0 0
Cardinal Health Inc. COM 14149Y108 5,011 92,800 SH   SOLE   29,000 0 63,800
Centennial Resource Development COM 15136A102 358 16,400 SH   SOLE   0 0 16,400
Century Bancorp cl A COM 156432106 4 58 SH   SOLE   58 0 0
Chemed Corporation COM 16359R103 2,013 6,300 SH   SOLE   700 0 5,600
Cincinnati Financial Corp COM 172062101 200 2,600 SH   SOLE   0 0 2,600
Columbia Sportswear Co. COM 198516106 1,322 14,200 SH   SOLE   5,000 0 9,200
Comcast cl A COM 20030N101 15,042 424,800 SH   SOLE   114,000 0 310,800
Compx International Inc COM 020563P10 2 167 SH   SOLE   167 0 0
Consolidated Tomoka Land Company COM 210226106 4 63 SH   SOLE   63 0 0
Consumer Portfolio Services COM 210502100 2 550 SH   SOLE   550 0 0
Corenergy Infrastructure COM 021870U50 1 36 SH   SOLE   36 0 0
Corning Incorporated COM 219350105 515 14,600 SH   SOLE   0 0 14,600
Costamare Inc COM Y1771G102 3 534 SH   SOLE   534 0 0
Credit Acceptance Corp COM 225310101 613 1,400 SH   SOLE   500 0 900
Culp Inc. COM 230215105 2 93 SH   SOLE   93 0 0
Customers Bancorp Inc COM 23204G100 2 77 SH   SOLE   77 0 0
DISH Network Corp cl A COM 25470M109 687 19,200 SH   SOLE   8,800 0 10,400
DTE Energy Corp. COM 233331107 1,211 11,100 SH   SOLE   8,400 0 2,700
DaVita HealthCare Partners Inc COM 23918K108 695 9,700 SH   SOLE   5,700 0 4,000
Discover Financial Services COM 254709108 13,521 176,856 SH   SOLE   56,656 0 120,200
Dolby Laboratories Inc. COM 25659T107 2,008 28,700 SH   SOLE   10,900 0 17,800
EMC Insurance Group COM 268664109 4 178 SH   SOLE   178 0 0
Eastman Chemical Co COM 277432100 2,460 25,700 SH   SOLE   12,900 0 12,800
Eaton Corporation, plc COM G29183103 16,529 190,578 SH   SOLE   58,278 0 132,300
Emerald Expositions Events, Inc. COM 29103B100 2 125 SH   SOLE   125 0 0
Employers Holdings, Inc. COM 292218104 5 101 SH   SOLE   101 0 0
Ennis Inc COM 293389102 4 184 SH   SOLE   184 0 0
Enstar Group Limited COM G3075P101 4 20 SH   SOLE   20 0 0
Enterprise Bancorp Inc Mass COM 293668109 4 104 SH   SOLE   104 0 0
Entertainment Properties COM 26884U109 4,707 68,800 SH   SOLE   29,000 0 39,800
Escalade Inc. COM 296056104 2 121 SH   SOLE   121 0 0
Eversource Energy COM 30040W108 449 7,300 SH   SOLE   1,900 0 5,400
Evolution Petroleum COM 30049A107 4 369 SH   SOLE   369 0 0
Exxon Mobil Corporation COM 30231G102 4,749 55,856 SH   SOLE   18,356 0 37,500
FBL Financial Group cl A COM 30239F106 3 39 SH   SOLE   39 0 0
Fifth Third Bancorp COM 316773100 16,841 603,200 SH   SOLE   176,200 0 427,000
Financial Institutions Inc. COM 317585404 4 139 SH   SOLE   139 0 0
First Community Bancshares Inc COM 31983A103 2 54 SH   SOLE   54 0 0
First Defiance Financial COM 32006W106 4 148 SH   SOLE   148 0 0
First Financial Corp (IN) COM 320218100 4 89 SH   SOLE   89 0 0
First Interstate BancSystem A COM 32055Y201 3 59 SH   SOLE   59 0 0
Flexsteel Industries Inc. COM 339382103 3 102 SH   SOLE   102 0 0
Fonar Corporation COM 344437405 4 150 SH   SOLE   150 0 0
Ford Motor Company COM 345370860 2,659 287,500 SH   SOLE   69,000 0 218,500
Fortive Corp. COM 34959J108 1,111 13,200 SH   SOLE   5,800 0 7,400
Four Corners PPTY Trust COM 035086T10 4 143 SH   SOLE   143 0 0
Franklin Resources Inc COM 354613101 13,637 448,443 SH   SOLE   145,643 0 302,800
FutureFuel Corp COM 36116M106 7 383 SH   SOLE   383 0 0
GAMCO Investors, Inc. COM 361438104 3 126 SH   SOLE   126 0 0
Gaming and Leisure Properties, Inc. COM 36467J108 130 3,700 SH   SOLE   0 0 3,700
Garmin Ltd COM H2906T109 6,795 97,000 SH   SOLE   23,900 0 73,100
General Motors Company COM 37045V100 14,899 442,500 SH   SOLE   126,700 0 315,800
Genpact Limited COM G3922B107 178 5,800 SH   SOLE   0 0 5,800
Gentex Corporation COM 371901109 704 32,800 SH   SOLE   12,000 0 20,800
German American Bancorp COM 373865104 4 118 SH   SOLE   118 0 0
Gilead Sciences, Inc. COM 375558103 12,400 160,603 SH   SOLE   46,603 0 114,000
Grand Canyon Education, Inc COM 38526M106 1,421 12,600 SH   SOLE   6,200 0 6,400
Gray Television Inc COM 389375106 2 116 SH   SOLE   116 0 0
Great Southern Bancorp COM 390905107 9 166 SH   SOLE   166 0 0
Greene County Bancorp COM 394357107 3 80 SH   SOLE   80 0 0
HP Inc. COM 40434L105 1,260 48,900 SH   SOLE   31,000 0 17,900
Hennessy Advisors, Inc. COM 425885100 2 174 SH   SOLE   174 0 0
Hilton Grand Vacations COM 43283X105 3,992 120,600 SH   SOLE   54,100 0 66,500
HollyFrontier Corporation COM 436106108 3,027 43,300 SH   SOLE   11,000 0 32,300
Hyster-Yale Materials Handling COM 449172105 1 16 SH   SOLE   16 0 0
IPG Photonics Corporation COM 44980X109 1,233 7,900 SH   SOLE   0 0 7,900
Ingles Markets cl A COM 457030104 6 189 SH   SOLE   189 0 0
Ingredion Incorporated COM 457187102 861 8,200 SH   SOLE   3,000 0 5,200
International Bancshares COM 459044103 5 116 SH   SOLE   116 0 0
International Speedway Corp COM 460335201 5 105 SH   SOLE   105 0 0
Investors Title Company COM 461804106 2 11 SH   SOLE   11 0 0
J.Jill, Inc. COM 46620W102 4 708 SH   SOLE   708 0 0
JetBlue Airways Corp COM 477143101 1,558 80,500 SH   SOLE   28,200 0 52,300
KLA-Tencor Corp COM 482480100 966 9,500 SH   SOLE   0 0 9,500
Kelly Services cl A COM 488152208 3 107 SH   SOLE   107 0 0
Kimball Electronics, Inc. COM 49428J109 5 256 SH   SOLE   256 0 0
Kimball International cl B COM 494274103 4 224 SH   SOLE   224 0 0
LHC Group Inc. COM 50187A107 10 100 SH   SOLE   100 0 0
LKQ Corporation COM 501889208 174 5,500 SH   SOLE   5,500 0 0
Laboratory Corp of America COM 50540R409 4,394 25,300 SH   SOLE   4,200 0 21,100
Lazard LTD. COM G54050102 313 6,500 SH   SOLE   2,300 0 4,200
Lear Corporation COM 521865204 8,758 60,400 SH   SOLE   19,500 0 40,900
Lee Enterprises Inc. COM 523768109 3 986 SH   SOLE   986 0 0
Lincoln National Corporation COM 534187109 13,715 202,700 SH   SOLE   68,800 0 133,900
Lululemon Athletica COM 550021109 3,217 19,800 SH   SOLE   4,600 0 15,200
LyondellBasell Industries cl A COM N53745100 13,178 128,551 SH   SOLE   34,751 0 93,800
M&T Bank Corp. COM 55261F104 1,201 7,300 SH   SOLE   4,500 0 2,800
M/I Homes, Inc. COM 55305B101 2 63 SH   SOLE   63 0 0
MSC Industrial Direct Co. COM 553530106 1,084 12,300 SH   SOLE   4,200 0 8,100
MSG Networks Inc. COM 553573106 5 178 SH   SOLE   178 0 0
Mammoth Energy Services COM 56155L108 1 38 SH   SOLE   38 0 0
Manhattan Associates, Inc. COM 562750109 3,604 66,000 SH   SOLE   19,300 0 46,700
Marcus & Millichap, Inc. COM 566324109 88 2,521 SH   SOLE   2,521 0 0
Marine Products Corp COM 568427108 4 166 SH   SOLE   166 0 0
Marlin Business Services Corp COM 571157106 3 107 SH   SOLE   107 0 0
Match Group, Inc. COM 57665R106 556 9,600 SH   SOLE   4,400 0 5,200
Matson Inc. COM 57686G105 5 124 SH   SOLE   124 0 0
McGrath RentCorp COM 580589109 1 27 SH   SOLE   27 0 0
Medical Properties Trust Inc COM 58463J304 4,021 269,700 SH   SOLE   85,100 0 184,600
Mercantile Bank Corp COM 587376104 1 41 SH   SOLE   41 0 0
Meritage Homes Corp COM 59001A102 4 96 SH   SOLE   96 0 0
Michael Kors Holdings Limited COM G60754101 507 7,400 SH   SOLE   3,600 0 3,800
Micron Technology Inc COM 595112103 10,050 222,200 SH   SOLE   66,600 0 155,600
Miller Industries Inc. COM 600551204 3 116 SH   SOLE   116 0 0
Mueller Industries, Inc. COM 624756102 1 46 SH   SOLE   46 0 0
Murphy USA, Inc. COM 626755102 1,547 18,100 SH   SOLE   6,800 0 11,300
NBT Bancorp Inc. COM 628778102 5 120 SH   SOLE   120 0 0
NL Industries Inc. COM 629156407 2 313 SH   SOLE   313 0 0
NVR Inc. COM 62944T105 5,263 2,130 SH   SOLE   600 0 1,530
Napco Security Technologies COM 630402105 3 193 SH   SOLE   193 0 0
National General Holdings Corp COM 636220303 1 27 SH   SOLE   27 0 0
National HealthCare Corp COM 635906100 2 24 SH   SOLE   24 0 0
National Instruments COM 636518102 1,344 27,800 SH   SOLE   11,200 0 16,600
National Western Life Group A COM 638517102 5 15 SH   SOLE   15 0 0
Natural Health Trends Corp COM 63888P406 4 170 SH   SOLE   170 0 0
Nelnet Inc COM 64031N108 5 80 SH   SOLE   80 0 0
Northern Trust Corp. COM 665859104 2,155 21,100 SH   SOLE   6,900 0 14,200
Office Depot Inc. COM 676220106 4 1,307 SH   SOLE   1,307 0 0
Old Dominion Freight COM 679580100 1,451 9,000 SH   SOLE   3,700 0 5,300
One Liberty Properties Inc. COM 682406103 5 179 SH   SOLE   179 0 0
Oritani Financial Corp. COM 68633D103 1 59 SH   SOLE   59 0 0
Otter Tail Corp COM 689648103 2 49 SH   SOLE   49 0 0
PBF Energy Inc cl A COM 69318G106 11,674 233,900 SH   SOLE   82,500 0 151,400
PC Connection, Inc. COM 69318J100 9 232 SH   SOLE   232 0 0
PDL BioPharma, Inc. COM 69329Y104 1 330 SH   SOLE   330 0 0
PPL Corp. COM 69351T106 12,383 423,196 SH   SOLE   113,996 0 309,200
Park National Corp OH COM 700658107 4 40 SH   SOLE   40 0 0
Park-Ohio Holdings Co COM 700666100 8 197 SH   SOLE   197 0 0
Parsley Energy Inc. COM 701877102 6,008 205,400 SH   SOLE   56,500 0 148,900
Party City Holdco Inc. COM 702150103 1 84 SH   SOLE   84 0 0
Penske Automotive Group, Inc. COM 70959W103 1,995 42,100 SH   SOLE   17,700 0 24,400
Peoples Bancorp OH COM 709789101 1 25 SH   SOLE   25 0 0
Perficient Inc COM 71375U101 1,743 65,400 SH   SOLE   1,600 0 63,800
Phibro Animal Health Corp CL A COM 71742Q106 2 49 SH   SOLE   49 0 0
Phillips 66 COM 718546104 6,335 56,200 SH   SOLE   16,500 0 39,700
Pilgrims Pride Corp COM 72147K108 7,308 403,999 SH   SOLE   121,299 0 282,700
Principal Financial Group, Inc. COM 74251V102 16,225 276,917 SH   SOLE   102,917 0 174,000
Provident Financial Services COM 74386T105 1 37 SH   SOLE   37 0 0
Prudential Financial Inc COM 744320102 2,371 23,400 SH   SOLE   10,300 0 13,100
Psychemedics Corporation COM 744375205 1 40 SH   SOLE   40 0 0
Public Storage, Inc. COM 74460D109 3,508 17,400 SH   SOLE   1,900 0 15,500
Quest Diagnostics Inc. COM 74834L100 6,307 58,444 SH   SOLE   18,344 0 40,100
RBB Bancorp COM 74930B105 2 99 SH   SOLE   99 0 0
REX American Resources COM 761624105 7 87 SH   SOLE   87 0 0
RPC Inc. COM 749660106 438 28,300 SH   SOLE   13,500 0 14,800
Rayonier Inc. COM 754907103 619 18,300 SH   SOLE   8,900 0 9,400
Ready Capital COM 86933G105 4 217 SH   SOLE   217 0 0
Redwood Trust Inc. COM 758075402 2 139 SH   SOLE   139 0 0
Regional Management Corp. COM 75902K106 4 140 SH   SOLE   140 0 0
Reinsurance Group of America, Inc COM 759351604 3,860 26,700 SH   SOLE   11,300 0 15,400
Republic Bancorp KY COM 760281204 9 197 SH   SOLE   197 0 0
ResMed Inc. COM 761152107 14,475 125,500 SH   SOLE   36,700 0 88,800
Robert Half International Inc. COM 770323103 14,125 200,700 SH   SOLE   53,900 0 146,800
S&T Bancorp Inc. COM 783859101 5 109 SH   SOLE   109 0 0
SJW Group COM 784305104 3 47 SH   SOLE   47 0 0
Saga Communications Inc. COM 786598300 2 60 SH   SOLE   60 0 0
Sanmina Corporation COM 801056102 3 99 SH   SOLE   99 0 0
Santander Consumer USA Holdings Inc. COM 80283M101 14,631 730,100 SH   SOLE   241,600 0 488,500
ScanSource, Inc. COM 806037107 5 121 SH   SOLE   121 0 0
Skechers U.S.A. Inc. COM 830566105 802 28,700 SH   SOLE   9,000 0 19,700
Sonic Automotive, Inc. COM 83545G102 3 136 SH   SOLE   136 0 0
Southern Copper Corp. COM 84265V105 13,033 302,100 SH   SOLE   88,600 0 213,500
Spire Inc. COM 84857L101 2 25 SH   SOLE   25 0 0
Steelcase Inc cl A COM 858155203 6 324 SH   SOLE   324 0 0
Stoneridge, Inc. COM 86183P102 2 57 SH   SOLE   57 0 0
Sun Trust Banks Inc COM 867914103 127 1,900 SH   SOLE   1,900 0 0
Superior Group of Companies COM 868358102 1 45 SH   SOLE   45 0 0
Synchrony Financial COM 87165B103 5,470 176,000 SH   SOLE   34,400 0 141,600
Syntel Inc. COM 87162H103 5 115 SH   SOLE   115 0 0
TEGNA Inc. COM 87901J105 4 373 SH   SOLE   373 0 0
Teledyne Technologies Inc. COM 879360105 641 2,600 SH   SOLE   1,100 0 1,500
Territorial Bancorp Inc. COM 88145X108 1 20 SH   SOLE   20 0 0
The Gap, Inc. COM 364760108 917 31,800 SH   SOLE   11,900 0 19,900
The New Home Company Inc. COM 645370107 3 312 SH   SOLE   312 0 0
The Travelers Companies, Inc. COM 89417E109 11,116 85,700 SH   SOLE   26,000 0 59,700
Trecora Resources COM 894648104 2 160 SH   SOLE   160 0 0
Tyson Foods COM 902494103 14,275 239,800 SH   SOLE   71,100 0 168,700
Ubiquiti Networks, Inc. COM 90347A100 2,392 24,200 SH   SOLE   6,900 0 17,300
United Continental Hldg, Inc. COM 910047109 16,547 185,800 SH   SOLE   60,700 0 125,100
United States Lime & Minerals COM 911922102 2 30 SH   SOLE   30 0 0
Unity Bancorp Inc COM 091329010 2 92 SH   SOLE   92 0 0
Universal Insurance Hldgs COM 91359V107 5 106 SH   SOLE   106 0 0
Universal Logistics Holdings, COM 91388P105 9 256 SH   SOLE   256 0 0
Utah Medical Products Inc. COM 917488108 2 20 SH   SOLE   20 0 0
VMware, Inc. Cl A COM 928563402 3,773 24,174 SH   SOLE   7,374 0 16,800
VSE Corporation COM 918284100 3 102 SH   SOLE   102 0 0
Valero Energy Corporation COM 91913Y100 2,980 26,200 SH   SOLE   5,200 0 21,000
VeriSign Inc COM 92343E102 10,392 64,900 SH   SOLE   18,000 0 46,900
Verizon Communications, Inc. COM 92343V104 22,499 421,400 SH   SOLE   122,500 0 298,900
Versum Materials, Inc. COM 92532W103 551 15,300 SH   SOLE   5,000 0 10,300
Viacom Inc cl B COM 92553P201 12,798 379,100 SH   SOLE   131,400 0 247,700
Village Super Market COM 927107409 3 103 SH   SOLE   103 0 0
WEC Energy Group COM 92939U106 434 6,500 SH   SOLE   2,500 0 4,000
Walker & Dunlop, Inc. COM 93148P102 3 55 SH   SOLE   55 0 0
Walmart Inc. COM 931142103 12,795 136,251 SH   SOLE   42,151 0 94,100
Warrior Met Coal, Llc COM 93627C101 1 30 SH   SOLE   30 0 0
Waters Corporation COM 941848103 78 400 SH   SOLE   0 0 400
Wells Fargo & Company COM 949746101 21,045 400,400 SH   SOLE   114,400 0 286,000
West Bancorporation COM 95123P106 3 137 SH   SOLE   137 0 0
Westlake Chemical Corporation COM 960413102 5,482 65,961 SH   SOLE   16,661 0 49,300
Weyco Group Inc. COM 962149100 4 114 SH   SOLE   114 0 0
Wildhorse Resource Development COM 96812T102 572 24,200 SH   SOLE   24,200 0 0
Williams-Sonoma Inc. COM 969904101 453 6,900 SH   SOLE   2,400 0 4,500
Willis Lease Finance COM 970646105 4 124 SH   SOLE   124 0 0
Winmark Corporation COM 974250102 4 27 SH   SOLE   27 0 0