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 591 11,400 SH   SOLE   4,600 0 6,800
AFLAC INC COM COM 001055102 10,041 189,810 SH   SOLE   29,700 0 160,110
AMC Networks Inc. cl A COM 00164V103 265 6,700 SH   SOLE   2,900 0 3,800
AT&T Inc. COM 00206R102 5,162 132,100 SH   SOLE   36,900 0 95,200
AVX Corporation COM 002444107 2,246 109,700 SH   SOLE   45,100 0 64,600
AXT Inc COM 00246W103 17 3,800 SH   SOLE   3,800 0 0
Acco Brands Corporation COM 00081T108 2,222 237,400 SH   SOLE   97,500 0 139,900
Air Lease Corp. Cl A COM 00912X302 3,802 80,000 SH   SOLE   31,800 0 48,200
Aircastle Ltd COM G0129K104 2,234 69,800 SH   SOLE   28,700 0 41,100
Alexanders Inc. COM 014752109 1,949 5,900 SH   SOLE   2,300 0 3,600
Alliance Data Systems Corp COM 018581108 2,592 23,100 SH   SOLE   10,000 0 13,100
Allison Transmission Holdings COM 01973R101 1,290 26,700 SH   SOLE   11,400 0 15,300
Allstate Corp. COM 020002101 8,872 78,900 SH   SOLE   2,800 0 76,100
Ally Financial Inc. COM 02005N100 1,094 35,800 SH   SOLE   13,000 0 22,800
Altria Group Inc COM 02209S103 2,356 47,200 SH   SOLE   6,200 0 41,000
Amdocs Limited COM G02602103 12,366 171,300 SH   SOLE   38,000 0 133,300
Amerco COM 023586100 7,216 19,200 SH   SOLE   4,500 0 14,700
American Equity Investment COM 025676206 913 30,500 SH   SOLE   13,400 0 17,100
American Financial Group COM 025932104 2,138 19,500 SH   SOLE   6,900 0 12,600
AmerisourceBergen Corp COM 03073E105 748 8,800 SH   SOLE   6,300 0 2,500
Amkor Technology Inc COM 031652100 2,271 174,700 SH   SOLE   71,700 0 103,000
Apartment Invest&Mang A COM 03748R754 439 8,500 SH   SOLE   5,000 0 3,500
Apple Hospitality REIT Inc COM 03784Y200 1,138 70,000 SH   SOLE   27,600 0 42,400
Arch Capital Group Ltd. COM G0450A105 180 4,200 SH   SOLE   4,200 0 0
Ares Commercial Real Estate COM 04013V108 128 8,068 SH   SOLE   8,068 0 0
Arrow Electronics Inc COM 042735100 3,161 37,300 SH   SOLE   16,100 0 21,200
Arrow Financial Corp. COM 042744102 228 6,027 SH   SOLE   6,027 0 0
Assured Guaranty Ltd COM G0585R106 3,226 65,800 SH   SOLE   26,500 0 39,300
Athene Holding Ltd. COM G0684D107 1,425 30,300 SH   SOLE   14,100 0 16,200
Atlas Air Worldwide COM 049164205 1,004 36,400 SH   SOLE   15,100 0 21,300
Atrion Corporation COM 049904105 1,578 2,100 SH   SOLE   100 0 2,000
AutoNation Inc. COM 05329W102 934 19,200 SH   SOLE   7,600 0 11,600
Avangrid Inc. COM 05351W103 11,931 233,200 SH   SOLE   53,600 0 179,600
Avnet Inc. COM 053807103 505 11,900 SH   SOLE   4,300 0 7,600
BG Staffing Inc COM 05544A109 13 600 SH   SOLE   600 0 0
BancFirst Corp OK COM 05945F103 2,329 37,300 SH   SOLE   15,200 0 22,100
Bank of America Corp COM 060505104 13,630 387,000 SH   SOLE   61,600 0 325,400
Bank7 Corp COM 06652N107 108 5,716 SH   SOLE   5,716 0 0
Bar Harbor Bankshares COM 066849100 2 87 SH   SOLE   87 0 0
Berkshire Hathaway cl B COM 084670702 15,176 67,000 SH   SOLE   10,600 0 56,400
Biogen Inc. COM 09062X103 1,098 3,700 SH   SOLE   800 0 2,900
Biospecifics Tech Corp COM 090931106 167 2,941 SH   SOLE   2,941 0 0
Blue Bird Corp COM 095306106 101 4,400 SH   SOLE   4,400 0 0
Bluegreen Vacations Corp COM 09629F108 135 13,100 SH   SOLE   5,300 0 7,800
Bonanza Creek Energy COM 097793400 28 1,200 SH   SOLE   1,200 0 0
Booz Allen Hamilton cl A COM 099502106 256 3,600 SH   SOLE   2,200 0 1,400
Bridge Bancorp Inc COM 108035106 104 3,100 SH   SOLE   3,100 0 0
Brown-Forman cl B COM 115637209 3,922 58,025 SH   SOLE   11,725 0 46,300
Byline Bancorp Inc. COM 124411109 2 115 SH   SOLE   115 0 0
CBRE Group, Inc. COM 12504L109 4,493 73,300 SH   SOLE   0 0 73,300
CDW Corporation COM 12514G108 100 700 SH   SOLE   700 0 0
CNA Financial Corp. COM 126117100 12,058 269,100 SH   SOLE   66,200 0 202,900
CNB Financial Corp PA COM 126128107 136 4,171 SH   SOLE   4,171 0 0
Cabot Oil & Gas Corp COM 127097103 1,128 64,800 SH   SOLE   10,900 0 53,900
Camden National Corp COM 133034108 106 2,300 SH   SOLE   2,300 0 0
Capital One Financial Corp. COM 14040H105 10,260 99,700 SH   SOLE   16,100 0 83,600
Carlisle Companies Inc. COM 142339100 469 2,900 SH   SOLE   1,400 0 1,500
Carnival Corporation COM 143658300 10,232 201,300 SH   SOLE   32,700 0 168,600
Casa Systems COM 14713L102 78 19,000 SH   SOLE   7,800 0 11,200
Cathay General Bancorp COM 149150104 1,431 37,600 SH   SOLE   15,400 0 22,200
Cedar Realty Trust Inc. COM 150602209 55 18,800 SH   SOLE   18,800 0 0
Century Bancorp cl A COM 156432106 229 2,550 SH   SOLE   2,550 0 0
Chesapeake Utilities Corp. COM 165303108 240 2,500 SH   SOLE   1,000 0 1,500
Citizens Financial Grp COM 174610105 317 7,800 SH   SOLE   3,000 0 4,800
Cleveland-Cliffs Inc. COM 185899101 264 31,400 SH   SOLE   10,700 0 20,700
Coda Octopus Group Inc. COM 19188U206 1 154 SH   SOLE   154 0 0
Colony Bankcorp GA COM 19623P101 1 76 SH   SOLE   76 0 0
Community Bankers Trust COM 203612106 67 7,600 SH   SOLE   7,600 0 0
Community Trust Bancorp COM 204149108 224 4,802 SH   SOLE   4,802 0 0
Compx International Inc COM 20563P101 141 9,697 SH   SOLE   9,697 0 0
Consolidated Tomoka Land Company COM 210226106 1,386 22,970 SH   SOLE   10,970 0 12,000
Consolidated Water Co. COM G23773107 1,108 68,000 SH   SOLE   27,200 0 40,800
Continental Resources, Inc. COM 212015101 4,054 118,200 SH   SOLE   21,800 0 96,400
Copart, Inc. (DE) COM 217204106 1,182 13,000 SH   SOLE   6,600 0 6,400
Costamare Inc COM Y1771G102 2,632 276,200 SH   SOLE   113,400 0 162,800
Cummins Inc. COM 231021106 161 900 SH   SOLE   0 0 900
Curo Group Holdings Corp COM 23131L107 32 2,596 SH   SOLE   2,596 0 0
Customers Bancorp Inc COM 23204G100 495 20,803 SH   SOLE   11,003 0 9,800
D.R. Horton Inc. COM 23331A109 32 600 SH   SOLE   600 0 0
DISH Network Corp cl A COM 25470M109 4,462 125,800 SH   SOLE   37,300 0 88,500
DaVita HealthCare Partners Inc COM 23918K108 1,268 16,900 SH   SOLE   7,000 0 9,900
Dana Incorporated COM 235825205 713 39,200 SH   SOLE   16,900 0 22,300
Diamond Hill Investments COM 25264R207 492 3,500 SH   SOLE   1,400 0 2,100
Discover Financial Services COM 254709108 8,750 103,156 SH   SOLE   26,000 0 77,156
Dolby Laboratories Inc. COM 25659T107 2,608 37,900 SH   SOLE   13,600 0 24,300
Dover Corp. COM 260003108 7,861 68,200 SH   SOLE   19,300 0 48,900
Eagle Bancorp Montana Inc COM 26942G100 36 1,700 SH   SOLE   1,700 0 0
East West Bancorp, Inc. COM 27579R104 1,578 32,400 SH   SOLE   11,100 0 21,300
Eastern Co COM 276317104 58 1,910 SH   SOLE   1,910 0 0
Eastman Chemical Co COM 277432100 2,433 30,700 SH   SOLE   13,100 0 17,600
Eaton Corporation, plc COM G29183103 9,877 104,278 SH   SOLE   16,700 0 87,578
Employers Holdings, Inc. COM 292218104 1,541 36,900 SH   SOLE   15,300 0 21,600
Enstar Group Limited COM G3075P101 2,317 11,200 SH   SOLE   4,500 0 6,700
Entertainment Properties COM 26884U109 4,048 57,300 SH   SOLE   28,700 0 28,600
Equitable Holdings COM 29452E101 4,349 175,500 SH   SOLE   89,400 0 86,100
Equity Lifestyle Properties COM 29472R108 8,574 121,800 SH   SOLE   22,100 0 99,700
Escalade Inc. COM 296056104 102 10,402 SH   SOLE   10,402 0 0
Evolution Petroleum COM 30049A107 83 15,100 SH   SOLE   15,100 0 0
Exxon Mobil Corporation COM 30231G102 4,044 57,956 SH   SOLE   9,300 0 48,656
FS Bancorp Inc. COM 30263Y104 115 1,800 SH   SOLE   1,800 0 0
FTS International Inc COM 30283W104 183 175,700 SH   SOLE   70,200 0 105,500
Farmer Mac COM 313148306 1,474 17,653 SH   SOLE   8,753 0 8,900
Farmers National Banc COM 309627107 153 9,359 SH   SOLE   9,359 0 0
Fifth Third Bancorp COM 316773100 4,571 148,700 SH   SOLE   49,100 0 99,600
Financial Institutions Inc. COM 317585404 132 4,100 SH   SOLE   4,100 0 0
First Bancorp COM 318910106 156 3,900 SH   SOLE   1,600 0 2,300
First Busey Corporation COM 319383204 184 6,700 SH   SOLE   2,700 0 4,000
First Choice Bancorp COM 31948P104 127 4,700 SH   SOLE   4,700 0 0
First Defiance Financial COM 32006W106 142 4,500 SH   SOLE   1,900 0 2,600
First Interstate BancSystem A COM 32055Y201 2,171 51,800 SH   SOLE   21,300 0 30,500
First Merchants Corp COM 320817109 1,531 36,800 SH   SOLE   15,100 0 21,700
Flagstar Bancorp Inc COM 337930705 2,284 59,700 SH   SOLE   24,500 0 35,200
Flushing Financial Corp COM 343873105 218 10,103 SH   SOLE   10,103 0 0
Fonar Corporation COM 344437405 214 10,893 SH   SOLE   10,893 0 0
Franklin Resources Inc COM 354613101 1,429 55,000 SH   SOLE   21,900 0 33,100
GAMCO Investors, Inc. COM 361438104 1,097 56,300 SH   SOLE   32,300 0 24,000
Garmin Ltd COM H2906T109 6,400 65,600 SH   SOLE   12,400 0 53,200
Gencor Industries Inc. COM 368678108 111 9,490 SH   SOLE   9,490 0 0
General Motors Company COM 37045V100 8,590 234,700 SH   SOLE   36,500 0 198,200
Genpact Limited COM G3922B107 5,566 132,000 SH   SOLE   25,000 0 107,000
Gentex Corporation COM 371901109 1,469 50,700 SH   SOLE   20,400 0 30,300
Genworth Financial Inc COM 37247D106 1,715 389,700 SH   SOLE   166,900 0 222,800
Great Ajax Corp COM 38983D300 213 14,405 SH   SOLE   14,405 0 0
Great Southern Bancorp COM 390905107 135 2,138 SH   SOLE   938 0 1,200
Green Brick Partners Inc COM 392709101 212 18,482 SH   SOLE   18,482 0 0
Greene County Bancorp COM 394357107 54 1,870 SH   SOLE   1,870 0 0
Greif Inc cl A COM 397624107 2,064 46,700 SH   SOLE   19,000 0 27,700
Guaranty Bancshares Inc COM 400764106 43 1,300 SH   SOLE   1,300 0 0
H&E Equipment Services COM 404030108 578 17,300 SH   SOLE   7,100 0 10,200
HCA Holdings, Inc. COM 40412C101 10,081 68,200 SH   SOLE   10,900 0 57,300
HP Inc. COM 40434L105 9,856 479,600 SH   SOLE   76,500 0 403,100
Hamilton Beach Brands COM 40701T104 48 2,500 SH   SOLE   2,500 0 0
Hawaiian Holdings Inc. COM 419879101 319 10,900 SH   SOLE   3,900 0 7,000
Heartland Financial USA COM 42234Q102 313 6,300 SH   SOLE   2,600 0 3,700
Hennessy Advisors, Inc. COM 425885100 1 130 SH   SOLE   130 0 0
Hilltop Holdings Inc. COM 432748101 299 12,000 SH   SOLE   0 0 12,000
Hingham Institution for Saving COM 433323102 4 21 SH   SOLE   21 0 0
HollyFrontier Corporation COM 436106108 5,639 111,200 SH   SOLE   29,200 0 82,000
Home Bancorp, Inc. COM 43689E107 1 21 SH   SOLE   21 0 0
Hooker Furniture Corp COM 439038100 3 107 SH   SOLE   107 0 0
Houlihan Lokey, Inc. COM 441593100 1,080 22,100 SH   SOLE   6,900 0 15,200
Huntington Ingalls Industries COM 446413106 1,029 4,100 SH   SOLE   1,500 0 2,600
Hurco Companies Inc. COM 447324104 44 1,155 SH   SOLE   1,155 0 0
Independence Holding Co. COM 453440307 120 2,857 SH   SOLE   2,857 0 0
Ingles Markets cl A COM 457030104 2,656 55,908 SH   SOLE   26,308 0 29,600
International Bancshares COM 459044103 2,330 54,100 SH   SOLE   22,900 0 31,200
Invesco Limited COM G491BT108 656 36,500 SH   SOLE   13,000 0 23,500
Investors Title Company COM 461804106 146 914 SH   SOLE   914 0 0
J.Jill, Inc. COM 46620W102 91 80,400 SH   SOLE   27,000 0 53,400
JPMorgan Chase & Co. COM 46625H100 8,824 63,300 SH   SOLE   10,400 0 52,900
Jeld Wen Holding COM 47580P103 1,281 54,700 SH   SOLE   22,800 0 31,900
JetBlue Airways Corp COM 477143101 650 34,700 SH   SOLE   16,000 0 18,700
Johnson Outdoors Inc. COM 479167108 202 2,637 SH   SOLE   2,637 0 0
KKR Real Estate Finance COM 48251K100 65 3,200 SH   SOLE   3,200 0 0
Kelly Services cl A COM 488152208 804 35,600 SH   SOLE   14,600 0 21,000
Kimball Electronics, Inc. COM 49428J109 152 8,664 SH   SOLE   8,664 0 0
Kraton Corporation COM 50077C106 1,137 44,900 SH   SOLE   18,500 0 26,400
Kroger Company COM 501044101 6,975 240,600 SH   SOLE   60,000 0 180,600
Kronos Worldwide Inc. COM 50105F105 1,063 79,300 SH   SOLE   29,800 0 49,500
Lakeland Bancorp COM 511637100 28 1,600 SH   SOLE   1,600 0 0
Landstar System Inc. COM 515098101 1,537 13,500 SH   SOLE   6,400 0 7,100
Laredo Petroleum COM 516806106 2,643 920,844 SH   SOLE   378,544 0 542,300
Lear Corporation COM 521865204 11,950 87,100 SH   SOLE   19,500 0 67,600
Lee Enterprises Inc. COM 523768109 2 1,148 SH   SOLE   1,148 0 0
Lennar Corp cl A COM 526057104 497 8,900 SH   SOLE   4,000 0 4,900
Lennox International Inc. COM 526107107 10,540 43,200 SH   SOLE   9,700 0 33,500
Liberty Oilfield Services COM 53115L104 394 35,400 SH   SOLE   14,500 0 20,900
Life Storage, Inc. COM 53223X107 1,245 11,500 SH   SOLE   4,500 0 7,000
Lincoln National Corporation COM 534187109 5,110 86,600 SH   SOLE   22,100 0 64,500
Loews Corp COM 540424108 3,401 64,800 SH   SOLE   17,500 0 47,300
Luther Burbank Corporation COM 550550107 209 18,093 SH   SOLE   18,093 0 0
LyondellBasell Industries cl A COM N53745100 10,001 105,851 SH   SOLE   16,700 0 89,151
M/I Homes, Inc. COM 55305B101 1,936 49,200 SH   SOLE   20,200 0 29,000
MDC Holdings Inc COM 552676108 2,152 56,400 SH   SOLE   23,200 0 33,200
MGE Energy Inc. COM 55277P104 717 9,100 SH   SOLE   3,800 0 5,300
MSC Industrial Direct Co. COM 553530106 965 12,300 SH   SOLE   4,200 0 8,100
MSG Networks Inc. COM 553573106 2,394 137,600 SH   SOLE   56,600 0 81,000
Macatawa Bank Corp COM 554225102 109 9,814 SH   SOLE   9,814 0 0
ManpowerGroup Inc COM 56418H100 1,670 17,200 SH   SOLE   6,700 0 10,500
Marine Products Corp COM 568427108 670 46,502 SH   SOLE   28,002 0 18,500
Marlin Business Services Corp COM 571157106 106 4,805 SH   SOLE   4,805 0 0
Matson Inc. COM 57686G105 2,334 57,200 SH   SOLE   23,700 0 33,500
Medical Properties Trust Inc COM 58463J304 5,058 239,600 SH   SOLE   72,900 0 166,700
Mercantile Bank Corp COM 587376104 106 2,900 SH   SOLE   2,900 0 0
Merchants Bancorp COM 58844R108 239 12,138 SH   SOLE   12,138 0 0
Mesa Air Group COM 590479135 188 21,059 SH   SOLE   21,059 0 0
Micron Technology Inc COM 595112103 10,665 198,300 SH   SOLE   31,700 0 166,600
Miller Industries Inc. COM 600551204 281 7,578 SH   SOLE   6,078 0 1,500
Minerals Technologies COM 603158106 2,311 40,100 SH   SOLE   16,600 0 23,500
Molson Coors Brewing Co. COM 60871R209 6,263 116,200 SH   SOLE   27,400 0 88,800
Morgan Stanley COM 617446448 9,631 188,400 SH   SOLE   30,900 0 157,500
Mueller Industries, Inc. COM 624756102 292 9,200 SH   SOLE   3,800 0 5,400
NBT Bancorp Inc. COM 628778102 2,231 55,000 SH   SOLE   22,800 0 32,200
NI Holdings Inc. COM 65342T106 121 7,043 SH   SOLE   7,043 0 0
NL Industries Inc. COM 629156407 66 16,764 SH   SOLE   16,764 0 0
NVR Inc. COM 62944T105 3,047 800 SH   SOLE   300 0 500
National Fuel Gas Co. COM 636180101 1,112 23,900 SH   SOLE   2,100 0 21,800
National General Holdings Corp COM 636220303 2,133 96,500 SH   SOLE   39,300 0 57,200
National HealthCare Corp COM 635906100 562 6,500 SH   SOLE   2,600 0 3,900
National Instruments COM 636518102 1,037 24,500 SH   SOLE   11,200 0 13,300
National Presto Industries COM 637215104 1,697 19,200 SH   SOLE   8,300 0 10,900
National Western Life Group A COM 638517102 2,153 7,400 SH   SOLE   2,800 0 4,600
Natural Health Trends Corp COM 63888P406 47 8,793 SH   SOLE   8,793 0 0
Nelnet Inc COM 64031N108 1,840 31,600 SH   SOLE   12,400 0 19,200
New Residential Investments COM 64828T201 1,651 102,500 SH   SOLE   40,600 0 61,900
Northern Trust Corp. COM 665859104 1,370 12,900 SH   SOLE   5,500 0 7,400
Nve Corporation COM 629445206 631 8,831 SH   SOLE   5,431 0 3,400
OGE Energy Corp. COM 670837103 169 3,800 SH   SOLE   3,800 0 0
Office Depot Inc. COM 676220106 754 275,300 SH   SOLE   114,100 0 161,200
One Liberty Properties Inc. COM 682406103 78 2,882 SH   SOLE   2,882 0 0
Oshkosh Corporation COM 688239201 530 5,600 SH   SOLE   2,100 0 3,500
PBF Energy Inc cl A COM 69318G106 1,038 33,100 SH   SOLE   13,600 0 19,500
PC Connection, Inc. COM 69318J100 2,433 48,991 SH   SOLE   22,791 0 26,200
PCB Bancorp COM 69320M109 36 2,100 SH   SOLE   2,100 0 0
PPL Corp. COM 69351T106 8,227 229,300 SH   SOLE   68,100 0 161,200
Paccar Inc. COM 693718108 6,565 83,000 SH   SOLE   16,900 0 66,100
Pangaea Logistics Solutions COM G6891L105 95 32,363 SH   SOLE   32,363 0 0
Park National Corp OH COM 700658107 2,304 22,500 SH   SOLE   9,200 0 13,300
Park-Ohio Holdings Co COM 700666100 1,273 37,845 SH   SOLE   19,345 0 18,500
Parke Bancorp, Inc. COM 700885106 69 2,700 SH   SOLE   2,700 0 0
PennyMac Financial Service Inc COM 70932M107 2,080 61,100 SH   SOLE   26,000 0 35,100
Penske Automotive Group, Inc. COM 70959W103 2,114 42,100 SH   SOLE   17,700 0 24,400
Peoples Bancorp OH COM 709789101 3 89 SH   SOLE   89 0 0
Pfizer Inc. COM 717081103 8,275 211,200 SH   SOLE   39,100 0 172,100
Phillips 66 COM 718546104 9,102 81,700 SH   SOLE   12,900 0 68,800
Preformed Line Products COM 740444104 111 1,841 SH   SOLE   1,841 0 0
Primoris Services Corp. COM 74164F103 176 7,900 SH   SOLE   3,400 0 4,500
Principal Financial Group, Inc. COM 74251V102 10,627 193,217 SH   SOLE   43,300 0 149,917
Prosperity Bancshares Inc. COM 743606105 784 10,900 SH   SOLE   5,200 0 5,700
Provident Financial Services COM 74386T105 436 17,700 SH   SOLE   6,900 0 10,800
Prudential Financial Inc COM 744320102 3,431 36,600 SH   SOLE   2,600 0 34,000
Psychemedics Corporation COM 744375205 1 98 SH   SOLE   98 0 0
QCR Holdings, Inc. COM 74727A104 114 2,600 SH   SOLE   2,600 0 0
Quest Diagnostics Inc. COM 74834L100 2,040 19,100 SH   SOLE   0 0 19,100
RBB Bancorp COM 74930B105 138 6,516 SH   SOLE   6,516 0 0
RMR Group COM 74967R106 1,269 27,800 SH   SOLE   11,400 0 16,400
RTI Surgical Holdings Inc COM 74975N105 60 22,000 SH   SOLE   22,000 0 0
Ramaco Resources Inc COM 75134P303 87 24,200 SH   SOLE   24,200 0 0
Rayonier Advanced Materials COM 75508B104 224 58,430 SH   SOLE   42,530 0 15,900
Redwood Trust Inc. COM 758075402 572 34,600 SH   SOLE   18,400 0 16,200
Regional Management Corp. COM 75902K106 152 5,071 SH   SOLE   5,071 0 0
Reinsurance Group of America, Inc COM 759351604 5,283 32,400 SH   SOLE   16,200 0 16,200
Reliance Steel & Aluminum COM 759509102 11,389 95,100 SH   SOLE   14,700 0 80,400
Republic Bancorp KY COM 760281204 2,251 48,101 SH   SOLE   22,301 0 25,800
Republic Services Inc. COM 760759100 3,379 37,700 SH   SOLE   0 0 37,700
ResMed Inc. COM 761152107 93 600 SH   SOLE   600 0 0
Ring Energy Inc. COM 76680V108 1 430 SH   SOLE   430 0 0
Rush Enterprises Inc COM 781846209 2,311 49,700 SH   SOLE   20,400 0 29,300
Ryerson Holding Corporation COM 783754104 242 20,435 SH   SOLE   20,435 0 0
S&T Bancorp Inc. COM 783859101 266 6,600 SH   SOLE   4,800 0 1,800
Saga Communications Inc. COM 786598300 20 673 SH   SOLE   673 0 0
Santander Consumer USA Holdings Inc. COM 80283M101 10,161 434,800 SH   SOLE   125,800 0 309,000
Saul Centers Inc. COM 804395101 16 300 SH   SOLE   300 0 0
Schnitzer Steel Ind cl A COM 806882106 56 2,600 SH   SOLE   2,600 0 0
ServisFirst Bancshares, Inc. COM 81768T108 561 14,900 SH   SOLE   6,600 0 8,300
SkyWest Inc. COM 830879102 892 13,800 SH   SOLE   5,900 0 7,900
Smart Sand Inc COM 83191H107 84 33,172 SH   SOLE   33,172 0 0
Sonic Automotive, Inc. COM 83545G102 2,065 66,600 SH   SOLE   27,500 0 39,100
Southern Copper Corp. COM 84265V105 10,582 249,100 SH   SOLE   40,500 0 208,600
Southern MO Bancorp COM 843380106 60 1,563 SH   SOLE   1,563 0 0
Southwest Airlines Co. COM 844741108 5,312 98,400 SH   SOLE   5,000 0 93,400
State Street Corporation COM 857477103 348 4,400 SH   SOLE   1,500 0 2,900
Steel Dynamics Inc. COM 858119100 1,957 57,500 SH   SOLE   22,800 0 34,700
Sterling Bancorp Inc COM 85917W102 1,036 127,869 SH   SOLE   64,769 0 63,100
Summit Fincl Group Inc. COM 86606G101 111 4,088 SH   SOLE   4,088 0 0
Summit Hotel Properties, Inc. COM 866082100 513 41,600 SH   SOLE   17,100 0 24,500
Synchrony Financial COM 87165B103 6,885 191,200 SH   SOLE   32,600 0 158,600
Synnex Corporation COM 87162W100 3,362 26,100 SH   SOLE   10,300 0 15,800
TPG RE Finance Trust COM 87266M107 718 35,400 SH   SOLE   9,700 0 25,700
Tailored Brands Inc COM 87403A107 47 11,296 SH   SOLE   11,296 0 0
Textron Inc. COM 883203101 116 2,600 SH   SOLE   0 0 2,600
The Gap, Inc. COM 364760108 248 14,000 SH   SOLE   4,100 0 9,900
The Michaels Companies, Inc. COM 59408Q106 934 115,500 SH   SOLE   44,300 0 71,200
Toll Brothers Inc COM 889478103 5,504 139,300 SH   SOLE   27,900 0 111,400
Tootsie Roll Industries Inc. COM 890516107 314 9,200 SH   SOLE   2,900 0 6,300
Towne Bank COM 89214P109 2,209 79,400 SH   SOLE   32,700 0 46,700
Triton International Ltd COM G9078F107 2,380 59,200 SH   SOLE   24,300 0 34,900
Tyson Foods COM 902494103 12,063 132,500 SH   SOLE   29,900 0 102,600
Ubiquiti Inc. COM 90353W103 680 3,600 SH   SOLE   1,500 0 2,100
United Security Bancshare COM 911460103 2 218 SH   SOLE   218 0 0
United States Lime & Minerals COM 911922102 184 2,043 SH   SOLE   2,043 0 0
Unitil Corp COM 913259107 136 2,200 SH   SOLE   900 0 1,300
Universal Health Services COM 913903100 5,165 36,000 SH   SOLE   6,800 0 29,200
Universal Logistics Holdings, COM 91388P105 207 10,937 SH   SOLE   10,937 0 0
Unum Group COM 91529Y106 779 26,700 SH   SOLE   9,400 0 17,300
Utah Medical Products Inc. COM 917488108 123 1,143 SH   SOLE   1,143 0 0
VMware, Inc. Cl A COM 928563402 9,153 60,300 SH   SOLE   9,500 0 50,800
VSE Corporation COM 918284100 210 5,516 SH   SOLE   5,516 0 0
Valero Energy Corporation COM 91913Y100 4,842 51,700 SH   SOLE   7,100 0 44,600
Valley National Bancorp COM 919794107 1,372 119,840 SH   SOLE   48,480 0 71,360
Value Line Inc. COM 920437100 142 4,899 SH   SOLE   4,899 0 0
VeriSign Inc COM 92343E102 1,252 6,500 SH   SOLE   0 0 6,500
Verizon Communications, Inc. COM 92343V104 12,476 203,200 SH   SOLE   32,800 0 170,400
ViacomCBS Corp. cl B COM 92556H206 14,501 345,502 SH   SOLE   85,488 0 260,014
Village Super Market COM 927107409 71 3,060 SH   SOLE   3,060 0 0
W&T Offshore Inc. COM 92922P106 817 147,010 SH   SOLE   80,110 0 66,900
W.R. Berkley Corp COM 084423102 1,513 21,900 SH   SOLE   8,500 0 13,400
Wabash National Corp. COM 929566107 1,980 134,800 SH   SOLE   55,400 0 79,400
Warrior Met Coal, Llc COM 93627C101 2,278 107,800 SH   SOLE   44,300 0 63,500
Waterstone Financial, Inc (MD) COM 94188P101 87 4,576 SH   SOLE   4,576 1 0
Watsco Inc. COM 942622200 3,639 20,200 SH   SOLE   7,200 2 13,000
Weis Markets Inc. COM 948849104 385 9,500 SH   SOLE   3,900 3 5,600
Wells Fargo & Company COM 949746101 12,417 230,800 SH   SOLE   36,700 4 194,100
WesBanco Inc. COM 950810101 102 2,700 SH   SOLE   0 5 2,700
West Bancorporation COM 95123P106 18 700 SH   SOLE   700 6 0
Westlake Chemical Corporation COM 960413102 2,932 41,800 SH   SOLE   16,500 7 25,300
Westwood Holdings Group Inc. COM 961765104 1 30 SH   SOLE   30 8 0
Weyco Group Inc. COM 962149100 186 7,034 SH   SOLE   7,034 9 0
Willis Lease Finance COM 970646105 211 3,581 SH   SOLE   3,581 10 0
Worthington Industries COM 981811102 852 20,200 SH   SOLE   10,300 11 9,900
Wyndham Destinations, Inc. COM 98310W108 1,111 21,500 SH   SOLE   7,900 12 13,600
Zions Bancorp COM 989701107 312 6,000 SH   SOLE   3,100 13 2,900