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
AMC NETWORKS INC CL A 00164V103 313,660 4,830 SH   SOLE   0 0 4,830
AMN HEALTHCARE SERVICES INC COM 001744101 629,213 18,721 SH   SOLE   0 0 18,721
AT&T INC COM 00206R102 3,939,795 100,582 SH   SOLE   25,521 0 75,061
ABBOTT LABS COM 002824100 294,274 7,035 SH   SOLE   0 0 7,035
ABBVIE INC COM 00287Y109 581,424 10,179 SH   SOLE   0 0 10,179
ADVANCE AUTO PARTS INC COM 00751Y106 234,577 1,463 SH   SOLE   0 0 1,463
AIR METHODS CORP COM PAR $.06 009128307 346,299 9,561 SH   SOLE   0 0 9,561
ALASKA AIR GROUP INC COM 011659109 11,779,694 143,620 SH   SOLE   21,306 0 122,314
ALPHABET INC CAP STK CL C 02079K107 397,059 533 SH   SOLE   0 0 533
ALTRIA GROUP INC COM 02209S103 8,351,831 133,288 SH   SOLE   12,783 0 120,505
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 13,013,480 780,653 SH   SOLE   133,704 0 646,949
AMERICAN EXPRESS CO COM 025816109 515,637 8,398 SH   SOLE   0 0 8,398
AMERICAN FINL GROUP INC OHIO COM 025932104 2,436,172 34,619 SH   SOLE   9,612 0 25,007
AMERISOURCEBERGEN CORP COM 03073E105 2,102,008 24,287 SH   SOLE   7,414 0 16,873
AMGEN INC COM 031162100 15,289,187 101,976 SH   SOLE   15,675 0 86,301
ANALOG DEVICES INC COM 032654105 11,046,314 186,625 SH   SOLE   17,862 0 168,763
ANTARES PHARMA INC COM 036642106 8,701 10,000 SH   SOLE   0 0 10,000
ANTHEM INC COM 036752103 2,471,362 17,781 SH   SOLE   4,883 0 12,898
APPLE INC COM 037833100 17,041,847 156,362 SH   SOLE   18,700 0 137,661
AQUA AMERICA INC COM 03836W103 218,790 6,876 SH   SOLE   0 0 6,876
ARGAN INC COM 04010E109 585,133 16,642 SH   SOLE   0 0 16,642
AUTOMATIC DATA PROCESSING IN COM 053015103 302,233 3,369 SH   SOLE   0 0 3,369
AUTOZONE INC COM 053332102 2,746,987 3,448 SH   SOLE   1,113 0 2,335
BP PLC SPONSORED ADR 055622104 387,059 12,825 SH   SOLE   0 0 12,825
BOFI HLDG INC COM 05566U108 1,216,423 57,002 SH   SOLE   11,867 0 45,135
BANK AMER CORP COM 060505104 283,433 20,964 SH   SOLE   0 0 20,964
BANK MONTREAL QUE COM 063671101 16,699,027 275,153 SH   SOLE   36,805 0 238,348
BARCLAYS BK PLC ETN DJUBS COPR37 06739F101 699,750 27,680 SH   SOLE   0 0 27,680
BARCLAYS BANK PLC ETN DJUBSCOCO 38 06739H313 666,392 17,769 SH   SOLE   0 0 17,769
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 2,216,755 125,809 SH   SOLE   0 0 125,809
BAXTER INTL INC COM 071813109 200,224 4,874 SH   SOLE   0 0 4,874
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 451,746 3,184 SH   SOLE   0 0 3,184
BLACKROCK INC COM 09247X101 273,137 802 SH   SOLE   0 0 802
BOEING CO COM 097023105 611,386 4,794 SH   SOLE   0 0 4,794
BRISTOL MYERS SQUIBB CO COM 110122108 8,940,017 139,950 SH   SOLE   12,636 0 127,314
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 2,256,948 19,305 SH   SOLE   0 0 19,305
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 4,128,975 390,262 SH   SOLE   111,373 0 278,889
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 228,183 3,359 SH   SOLE   0 0 3,359
CBS CORP NEW CL B 124857202 302,169 5,485 SH   SOLE   0 0 5,485
CIGNA CORPORATION COM 125509109 360,804 2,629 SH   SOLE   0 0 2,629
CSG SYS INTL INC COM 126349109 514,237 11,387 SH   SOLE   0 0 11,387
CSX CORP COM 126408103 404,018 15,690 SH   SOLE   0 0 15,690
CVS HEALTH CORP COM 126650100 1,271,419 12,257 SH   SOLE   0 0 12,257
CACI INTL INC CL A 127190304 645,855 6,053 SH   SOLE   0 0 6,053
CALERES INC COM 129500104 593,128 20,966 SH   SOLE   0 0 20,966
CARNIVAL PLC ADR 14365C103 2,428,066 44,724 SH   SOLE   0 0 44,724
CELANESE CORP DEL COM SER A 150870103 4,605,434 70,312 SH   SOLE   20,793 0 49,519
CELGENE CORP COM 151020104 419,577 4,192 SH   SOLE   0 0 4,192
CHEMED CORP NEW COM 16359R103 374,519 2,765 SH   SOLE   0 0 2,765
CHEVRON CORP NEW COM 166764100 17,023,785 178,446 SH   SOLE   22,659 0 155,787
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 2,192,414 178,390 SH   SOLE   0 0 178,390
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 2,192,233 39,535 SH   SOLE   0 0 39,535
CHURCH & DWIGHT INC COM 171340102 208,511 2,262 SH   SOLE   0 0 2,262
CIRRUS LOGIC INC COM 172755100 620,172 17,033 SH   SOLE   0 0 17,033
CISCO SYS INC COM 17275R102 13,482,607 473,572 SH   SOLE   44,967 0 428,605
CITIGROUP INC COM NEW 172967424 343,978 8,239 SH   SOLE   0 0 8,239
CLOROX CO DEL COM 189054109 7,367,330 58,443 SH   SOLE   5,660 0 52,783
COCA COLA CO COM 191216100 508,063 10,952 SH   SOLE   0 0 10,952
COLGATE PALMOLIVE CO COM 194162103 530,864 7,514 SH   SOLE   0 0 7,514
COMCAST CORP NEW CL A 20030N101 10,416,400 170,537 SH   SOLE   16,849 0 153,688
CONAGRA FOODS INC COM 205887102 1,306,518 29,281 SH   SOLE   0 0 29,281
CONOCOPHILLIPS COM 20825C104 9,895,144 245,720 SH   SOLE   24,533 0 221,187
COOPER STD HLDGS INC COM 21676P103 597,709 8,320 SH   SOLE   0 0 8,320
COOPER TIRE & RUBR CO COM 216831107 1,057,069 28,554 SH   SOLE   5,576 0 22,978
CORELOGIC INC COM 21871D103 441,558 12,725 SH   SOLE   0 0 12,725
CRACKER BARREL OLD CTRY STOR COM 22410J106 8,641,770 56,604 SH   SOLE   5,919 0 50,685
CREDIT ACCEP CORP MICH COM 225310101 2,529,173 13,931 SH   SOLE   3,859 0 10,072
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 4,116,990 159,080 SH   SOLE   16,494 0 142,586
CUMMINS INC COM 231021106 10,525,381 95,738 SH   SOLE   9,287 0 86,451
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 3,426,349 39,832 SH   SOLE   0 0 39,832
DBX ETF TR XTRAK MSCI EMKT 233051101 615,809 32,617 SH   SOLE   0 0 32,617
DELEK US HLDGS INC COM 246647101 302,575 19,854 SH   SOLE   0 0 19,854
DELUXE CORP COM 248019101 4,897,857 78,378 SH   SOLE   22,628 0 55,750
DIAMOND OFFSHORE DRILLING IN COM 25271C102 3,895,733 179,279 SH   SOLE   50,672 0 128,607
DISNEY WALT CO COM DISNEY 254687106 17,759,948 178,833 SH   SOLE   26,059 0 152,775
DISCOVER FINL SVCS COM 254709108 591,385 11,614 SH   SOLE   0 0 11,614
DOMINION RES INC VA NEW COM 25746U109 276,742 3,684 SH   SOLE   0 0 3,684
DU PONT E I DE NEMOURS & CO COM 263534109 370,422 5,850 SH   SOLE   0 0 5,850
E M C CORP MASS COM 268648102 634,243 23,799 SH   SOLE   0 0 23,799
ETFS PLATINUM TR SH BEN INT 26922V101 660,913 7,028 SH   SOLE   0 0 7,028
ENERSIS AMERICAS S A SPONSORED ADR 29274F104 2,313,957 166,472 SH   SOLE   0 0 166,472
ETHAN ALLEN INTERIORS INC COM 297602104 387,122 12,166 SH   SOLE   0 0 12,166
EXPRESS INC COM 30219E103 1,372,852 64,122 SH   SOLE   11,941 0 52,181
EXPRESS SCRIPTS HLDG CO COM 30219G108 324,698 4,727 SH   SOLE   0 0 4,727
EXXON MOBIL CORP COM 30231G102 17,096,433 204,527 SH   SOLE   14,956 0 189,571
FS INVT CORP COM 302635107 132,259 14,423 SH   SOLE   0 0 14,423
FACEBOOK INC CL A 30303M102 306,473 2,686 SH   SOLE   0 0 2,686
FIDELITY NATL INFORMATION SV COM 31620M106 432,344 6,829 SH   SOLE   0 0 6,829
FIRST DEFIANCE FINL CORP COM 32006W106 749,149 19,504 SH   SOLE   0 0 19,504
FISERV INC COM 337738108 251,834 2,455 SH   SOLE   0 0 2,455
FOOT LOCKER INC COM 344849104 5,194,546 80,536 SH   SOLE   20,275 0 60,261
FORD MTR CO DEL COM PAR $0.01 345370860 216,041 16,003 SH   SOLE   0 0 16,003
FULTON FINL CORP PA COM 360271100 9,931,693 742,279 SH   SOLE   74,129 0 668,150
GENERAL ELECTRIC CO COM 369604103 2,478,984 77,980 SH   SOLE   0 0 77,980
GENERAL MTRS CO COM 37045V100 357,548 11,376 SH   SOLE   0 0 11,376
GENTEX CORP COM 371901109 3,272,555 208,576 SH   SOLE   59,432 0 149,144
GENUINE PARTS CO COM 372460105 254,759 2,564 SH   SOLE   0 0 2,564
GILEAD SCIENCES INC COM 375558103 14,955,757 162,810 SH   SOLE   25,165 0 137,645
GLOBAL PMTS INC COM 37940X102 260,416 3,988 SH   SOLE   0 0 3,988
GLOBAL X FDS GB MSCI AR ETF 37950E259 2,371,144 122,730 SH   SOLE   0 0 122,730
GOLDMAN SACHS GROUP INC COM 38141G104 244,418 1,557 SH   SOLE   0 0 1,557
GRAND CANYON ED INC COM 38526M106 6,125,881 143,329 SH   SOLE   39,118 0 104,211
GREAT WESTN BANCORP INC COM 391416104 583,823 21,409 SH   SOLE   0 0 21,409
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 2,055,457 72,631 SH   SOLE   0 0 72,631
HCA HOLDINGS INC COM 40412C101 3,115,288 39,914 SH   SOLE   12,032 0 27,882
HARRIS CORP DEL COM 413875105 7,644,932 98,188 SH   SOLE   9,435 0 88,753
HASBRO INC COM 418056107 10,555,431 131,778 SH   SOLE   13,044 0 118,734
HAWAIIAN HOLDINGS INC COM 419879101 1,238,690 26,249 SH   SOLE   5,231 0 21,018
HILL ROM HLDGS INC COM 431475102 1,038,041 20,637 SH   SOLE   4,248 0 16,389
HOME DEPOT INC COM 437076102 16,846,805 126,259 SH   SOLE   11,927 0 114,332
HONEYWELL INTL INC COM 438516106 11,076,511 98,853 SH   SOLE   9,444 0 89,409
HUNTINGTON INGALLS INDS INC COM 446413106 234,715 1,714 SH   SOLE   0 0 1,714
INTEL CORP COM 458140100 3,336,256 103,130 SH   SOLE   29,532 0 73,598
INTERCONTINENTAL EXCHANGE IN COM 45866F104 2,813,464 11,965 SH   SOLE   3,581 0 8,384
INTERNATIONAL BUSINESS MACHS COM 459200101 508,299 3,356 SH   SOLE   0 0 3,356
ISHARES MSCI AUST ETF 464286103 3,481,039 180,178 SH   SOLE   0 0 180,178
ISHARES MSCI BRZ CAP ETF 464286400 2,383,253 90,618 SH   SOLE   0 0 90,618
ISHARES CNTRY MIN VL ETF 464286525 15,267,254 207,746 SH   SOLE   0 0 207,746
ISHARES EM MK MINVOL ETF 464286533 1,644,970 32,022 SH   SOLE   0 0 32,022
ISHARES MSCI THI CAP ETF 464286624 3,640,677 54,024 SH   SOLE   0 0 54,024
ISHARES MSCI TURKEY ETF 464286715 4,144,853 94,545 SH   SOLE   0 0 94,545
ISHARES MSCI TAIWAN ETF 464286731 2,389,547 172,406 SH   SOLE   0 0 172,406
ISHARES MSCI STH KOR ETF 464286772 2,366,019 44,794 SH   SOLE   0 0 44,794
ISHARES MSCI MALAYSI ETF 464286830 2,466,341 276,806 SH   SOLE   0 0 276,806
ISHARES TR S&P 100 ETF 464287101 208,689 2,284 SH   SOLE   0 0 2,284
ISHARES TR TIPS BD ETF 464287176 221,370 1,931 SH   SOLE   0 0 1,931
ISHARES TR CORE US AGGBD ET 464287226 263,209 2,375 SH   SOLE   0 0 2,375
ISHARES TR S&P 500 GRWT ETF 464287309 1,808,463 15,605 SH   SOLE   0 0 15,605
ISHARES TR S&P 500 VAL ETF 464287408 18,411,099 204,727 SH   SOLE   16,930 0 187,797
ISHARES TR 20 YR TR BD ETF 464287432 1,226,036 9,387 SH   SOLE   1,720 0 7,667
ISHARES TR 7-10 Y TR BD ETF 464287440 534,818 4,847 SH   SOLE   0 0 4,847
ISHARES TR CORE S&P MCP ETF 464287507 4,377,897 30,362 SH   SOLE   3,876 0 26,486
ISHARES TR PHLX SEMICND ETF 464287523 4,354,515 47,528 SH   SOLE   0 0 47,528
ISHARES TR RUSSELL 2000 ETF 464287655 3,784,320 34,207 SH   SOLE   4,784 0 29,423
ISHARES TR CORE S&P SCP ETF 464287804 1,127,389 10,015 SH   SOLE   0 0 10,015
ISHARES TR IBOXX HI YD ETF 464288513 60,848,539 744,871 SH   SOLE   120,985 0 623,886
ISHARES TR 3-7 YR TR BD ETF 464288661 437,676 3,475 SH   SOLE   0 0 3,475
ISHARES NW ZEALND CP ETF 464289123 7,485,454 181,995 SH   SOLE   0 0 181,995
ISHARES RUS TOP 200 ETF 464289446 365,353 7,800 SH   SOLE   0 0 7,800
ISHARES TR MSCI PHILIPS ETF 46429B408 2,385,329 65,084 SH   SOLE   0 0 65,084
ISHARES TR IRELAND CAPD ETF 46429B507 3,895,903 96,913 SH   SOLE   0 0 96,913
ISHARES TR MSCI DENMRK ETF 46429B523 1,772,411 31,359 SH   SOLE   0 0 31,359
ISHARES TR CORE HIGH DV ETF 46429B663 19,308,879 247,518 SH   SOLE   15,350 0 232,168
ISHARES TR EAFE MIN VOL ETF 46429B689 7,325,209 110,253 SH   SOLE   0 0 110,253
ISHARES TR USA MIN VOL ETF 46429B697 25,161,566 572,765 SH   SOLE   36,067 0 536,698
ISHARES TR MSCI USA QLT FAC 46432f339 9,507,616 144,889 SH   SOLE   11,619 0 133,270
ISHARES TR CORE MSCI EAFE 46432F842 670,095 12,610 SH   SOLE   0 0 12,610
ISHARES INC CORE MSCI EMKT 46434G103 4,638,299 111,444 SH   SOLE   5,608 0 105,836
ISHARES TR CORE DIV GRWTH 46434V621 19,831,891 751,208 SH   SOLE   57,706 0 693,502
ISHARES TR HDG MSCI EAFE 46434V803 1,423,798 59,648 SH   SOLE   0 0 59,648
JPMORGAN CHASE & CO COM 46625H100 10,971,653 185,269 SH   SOLE   16,958 0 168,311
JOHNSON & JOHNSON COM 478160104 1,826,091 16,877 SH   SOLE   0 0 16,877
J2 GLOBAL INC COM 48123V102 4,763,865 77,361 SH   SOLE   20,816 0 56,545
JUNIPER NETWORKS INC COM 48203R104 2,895,028 113,486 SH   SOLE   34,220 0 79,266
KIMBERLY CLARK CORP COM 494368103 8,735,145 64,940 SH   SOLE   5,672 0 59,268
KINDER MORGAN INC DEL COM 49456B101 250,201 14,009 SH   SOLE   0 0 14,009
KNOLL INC COM NEW 498904200 1,217,726 56,246 SH   SOLE   11,005 0 45,241
KORN FERRY INTL COM NEW 500643200 879,451 31,087 SH   SOLE   0 0 31,087
KRAFT HEINZ CO COM 500754106 605,855 7,712 SH   SOLE   0 0 7,712
LGI HOMES INC COM 50187T106 1,143,390 47,228 SH   SOLE   9,243 0 37,985
LANDSTAR SYS INC COM 515098101 684,866 10,600 SH   SOLE   0 0 10,600
LAS VEGAS SANDS CORP COM 517834107 9,989,241 193,290 SH   SOLE   18,853 0 174,437
LEAR CORP COM NEW 521865204 4,608,339 41,453 SH   SOLE   12,241 0 29,212
LENNAR CORP CL A 526057104 4,809,700 99,456 SH   SOLE   29,433 0 70,023
LITHIA MTRS INC CL A 536797103 541,970 6,206 SH   SOLE   0 0 6,206
LOCKHEED MARTIN CORP COM 539830109 10,986,506 49,600 SH   SOLE   4,580 0 45,020
LOWES COS INC COM 548661107 828,099 10,932 SH   SOLE   0 0 10,932
MACYS INC COM 55616P104 274,108 6,217 SH   SOLE   0 0 6,217
MARATHON PETE CORP COM 56585A102 2,963,407 79,704 SH   SOLE   22,104 0 57,600
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 2,336,993 142,848 SH   SOLE   0 0 142,848
MARKET VECTORS ETF TR INDONESIA ETF 57060U753 11,193,186 535,303 SH   SOLE   0 0 535,303
MARSH & MCLENNAN COS INC COM 571748102 357,749 5,885 SH   SOLE   0 0 5,885
MCDONALDS CORP COM 580135101 320,107 2,547 SH   SOLE   0 0 2,547
MEDNAX INC COM 58502B106 210,661 3,260 SH   SOLE   0 0 3,260
MERCK & CO INC NEW COM 58933Y105 806,135 15,236 SH   SOLE   0 0 15,236
MICROSOFT CORP COM 594918104 17,253,165 312,388 SH   SOLE   28,533 0 283,854
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 2,263,074 493,044 SH   SOLE   0 0 493,044
MONDELEZ INTL INC CL A 609207105 569,383 14,192 SH   SOLE   0 0 14,192
MONSANTO CO NEW COM 61166W101 237,337 2,705 SH   SOLE   0 0 2,705
MOODYS CORP COM 615369105 247,676 2,565 SH   SOLE   0 0 2,565
NVR INC COM 62944T105 578,622 334 SH   SOLE   0 0 334
NATIONAL GRID PLC SPON ADR NEW 636274300 2,241,398 31,383 SH   SOLE   0 0 31,383
NATIONAL PENN BANCSHARES INC COM 637138108 229,058 21,528 SH   SOLE   0 0 21,528
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 2,286,890 248,575 SH   SOLE   81,112 0 167,463
NETEASE INC SPONSORED ADR 64110W102 2,235,835 15,572 SH   SOLE   0 0 15,572
NEUSTAR INC CL A 64126X201 476,428 19,367 SH   SOLE   0 0 19,367
NEXTERA ENERGY INC COM 65339F101 10,959,427 92,610 SH   SOLE   8,639 0 83,971
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 2,177,177 50,351 SH   SOLE   0 0 50,351
NORTHROP GRUMMAN CORP COM 666807102 13,445,759 67,942 SH   SOLE   9,695 0 58,247
NOVO-NORDISK A S ADR 670100205 306,444 5,655 SH   SOLE   0 0 5,655
NVIDIA CORP COM 67066G104 7,723,230 216,762 SH   SOLE   21,351 0 195,411
OCCIDENTAL PETE CORP DEL COM 674599105 1,150,103 16,807 SH   SOLE   0 0 16,807
OPEN TEXT CORP COM 683715106 3,122,930 60,288 SH   SOLE   17,581 0 42,707
ORACLE CORP COM 68389X105 481,511 11,770 SH   SOLE   0 0 11,770
ORBITAL ATK INC COM 68557N103 284,642 3,274 SH   SOLE   0 0 3,274
P C CONNECTION COM 69318J100 1,210,283 46,892 SH   SOLE   9,356 0 37,536
PNC FINL SVCS GROUP INC COM 693475105 7,960,583 94,130 SH   SOLE   8,643 0 85,487
PPG INDS INC COM 693506107 365,687 3,280 SH   SOLE   0 0 3,280
PPL CORP COM 69351T106 376,550 9,891 SH   SOLE   0 0 9,891
PACKAGING CORP AMER COM 695156109 345,065 5,713 SH   SOLE   0 0 5,713
PAREXEL INTL CORP COM 699462107 3,807,146 60,691 SH   SOLE   16,591 0 44,100
PATRICK INDS INC COM 703343103 787,971 17,360 SH   SOLE   4,833 0 12,527
PEPSICO INC COM 713448108 11,432,725 111,561 SH   SOLE   9,994 0 101,567
PFIZER INC COM 717081103 8,184,354 276,125 SH   SOLE   26,470 0 249,655
PHILIP MORRIS INTL INC COM 718172109 484,173 4,935 SH   SOLE   0 0 4,935
PHILLIPS 66 COM 718546104 540,495 6,242 SH   SOLE   0 0 6,242
PINNACLE WEST CAP CORP COM 723484101 3,043,863 40,547 SH   SOLE   12,207 0 28,340
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 6,187,169 56,659 SH   SOLE   2,064 0 54,595
POWERSHARES ETF TR II 1000 EQ WHT PT 73937B571 1,049,704 43,109 SH   SOLE   0 0 43,109
POWERSHARES ETF TR II S&P SMCP CONSU 73937B605 1,757,007 29,422 SH   SOLE   0 0 29,422
POWERSHARES ETF TR II S&P SMCP UTI P 73937B837 1,737,794 38,652 SH   SOLE   0 0 38,652
POWERSHARES ETF TR II S&P SMCP IT PO 73937B860 3,145,832 57,145 SH   SOLE   0 0 57,145
PRAXAIR INC COM 74005P104 713,367 6,233 SH   SOLE   0 0 6,233
PRICE T ROWE GROUP INC COM 74144T108 1,961,382 26,700 SH   SOLE   0 0 26,700
PRIMERICA INC COM 74164M108 3,759,676 84,430 SH   SOLE   23,146 0 61,284
PROCTER & GAMBLE CO COM 742718109 1,211,932 14,724 SH   SOLE   0 0 14,724
PROSHARES TR PSHS SHRT S&P500 74347R503 3,892,187 190,700 SH   SOLE   0 0 190,700
PUBLIC SVC ENTERPRISE GROUP COM 744573106 594,435 12,610 SH   SOLE   0 0 12,610
PUBLIC STORAGE COM 74460D109 5,826,145 21,122 SH   SOLE   1,906 0 19,216
QUAKER CHEM CORP COM 747316107 373,893 4,406 SH   SOLE   0 0 4,406
QUALCOMM INC COM 747525103 298,658 5,840 SH   SOLE   0 0 5,840
RPM INTL INC COM 749685103 205,743 4,347 SH   SOLE   0 0 4,347
RESMED INC COM 761152107 311,361 5,385 SH   SOLE   0 0 5,385
REYNOLDS AMERICAN INC COM 761713106 12,444,053 247,348 SH   SOLE   24,303 0 223,045
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 2,187,723 25,492 SH   SOLE   0 0 25,492
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 9,504,329 121,028 SH   SOLE   9,737 0 111,291
SPDR S&P 500 ETF TR TR UNIT 78462F103 21,547,489 104,844 SH   SOLE   988 0 103,856
SPDR GOLD TRUST GOLD SHS 78463V107 3,372,856 28,671 SH   SOLE   0 0 28,671
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 2,152,613 49,829 SH   SOLE   0 0 49,829
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 49,486,156 1,444,851 SH   SOLE   231,224 0 1,213,627
SPDR SERIES TRUST DJ REIT ETF 78464A607 9,496,065 99,801 SH   SOLE   0 0 99,801
SPDR SERIES TRUST S&P METALS MNG 78464A755 5,893,789 288,064 SH   SOLE   0 0 288,064
SPDR SERIES TRUST S&P DIVID ETF 78464A763 619,458 7,750 SH   SOLE   0 0 7,750
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 513,880 1,956 SH   SOLE   0 0 1,956
SPDR SER TR SHT TRM HGH YLD 78468R408 11,687,671 452,660 SH   SOLE   77,938 0 374,722
SANFILIPPO JOHN B & SON INC COM 800422107 362,170 5,242 SH   SOLE   0 0 5,242
SAP SE SPON ADR 803054204 204,508 2,543 SH   SOLE   0 0 2,543
SCANSOURCE INC COM 806037107 661,223 16,375 SH   SOLE   0 0 16,375
SCHLUMBERGER LTD COM 806857108 214,465 2,908 SH   SOLE   0 0 2,908
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 12,720,180 239,732 SH   SOLE   0 0 239,732
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 11,136,435 200,765 SH   SOLE   0 0 200,765
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 9,959,032 200,706 SH   SOLE   0 0 200,706
SERVISFIRST BANCSHARES INC COM 81768t108 254,989 5,743 SH   SOLE   0 0 5,743
SHIRE PLC SPONSORED ADR 82481R106 2,302,085 13,392 SH   SOLE   0 0 13,392
SIGNATURE BK NEW YORK N Y COM 82669G104 2,876,760 21,134 SH   SOLE   6,373 0 14,761
SIRIUS XM HLDGS INC COM 82968B103 81,437 20,617 SH   SOLE   0 0 20,617
SNAP ON INC COM 833034101 503,781 3,209 SH   SOLE   0 0 3,209
SOUTHWEST AIRLS CO COM 844741108 3,171,172 70,785 SH   SOLE   21,426 0 49,359
STANDEX INTL CORP COM 854231107 228,372 2,935 SH   SOLE   0 0 2,935
STANLEY BLACK & DECKER INC COM 854502101 417,684 3,970 SH   SOLE   0 0 3,970
SYNCHRONY FINL COM 87165B103 2,998,839 104,635 SH   SOLE   31,290 0 73,345
SYSCO CORP COM 871829107 264,445 5,659 SH   SOLE   0 0 5,659
TARGET CORP COM 87612E106 10,488,882 127,478 SH   SOLE   12,875 0 114,603
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 2,071,089 38,705 SH   SOLE   0 0 38,705
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 278,754 7,263 SH   SOLE   0 0 7,263
TEXAS INSTRS INC COM 882508104 16,085,175 280,132 SH   SOLE   26,895 0 253,237
THERMO FISHER SCIENTIFIC INC COM 883556102 608,412 4,297 SH   SOLE   0 0 4,297
THOR INDS INC COM 885160101 285,690 4,480 SH   SOLE   0 0 4,480
3M CO COM 88579Y101 1,222,064 7,334 SH   SOLE   0 0 7,334
TIME WARNER INC COM NEW 887317303 606,155 8,355 SH   SOLE   0 0 8,355
TIME WARNER CABLE INC COM 88732J207 341,920 1,671 SH   SOLE   0 0 1,671
TOMPKINS FINANCIAL CORPORATI COM 890110109 409,152 6,393 SH   SOLE   0 0 6,393
TORO CO COM 891092108 3,184,287 36,975 SH   SOLE   10,742 0 26,233
TORONTO DOMINION BK ONT COM NEW 891160509 394,812 9,154 SH   SOLE   0 0 9,154
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 2,144,170 20,167 SH   SOLE   0 0 20,167
TRAVELERS COMPANIES INC COM 89417E109 20,724,249 177,570 SH   SOLE   24,962 0 152,608
TRUEBLUE INC COM 89785X101 675,794 25,843 SH   SOLE   0 0 25,843
US BANCORP DEL COM NEW 902973304 335,842 8,274 SH   SOLE   0 0 8,274
USANA HEALTH SCIENCES INC COM 90328M107 315,692 2,600 SH   SOLE   0 0 2,600
UNIFIRST CORP MASS COM 904708104 400,470 3,670 SH   SOLE   0 0 3,670
UNION PAC CORP COM 907818108 710,779 8,935 SH   SOLE   0 0 8,935
UNITED PARCEL SERVICE INC CL B 911312106 10,489,023 99,450 SH   SOLE   9,489 0 89,961
UNITEDHEALTH GROUP INC COM 91324P102 17,201,373 133,447 SH   SOLE   17,410 0 116,037
UNIVERSAL INS HLDGS INC COM 91359V107 882,471 49,577 SH   SOLE   10,449 0 39,128
VCA INC COM 918194101 261,913 4,540 SH   SOLE   0 0 4,540
V F CORP COM 918204108 388,171 5,994 SH   SOLE   0 0 5,994
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 671,279 18,709 SH   SOLE   0 0 18,709
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 204,315 2,188 SH   SOLE   0 0 2,188
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 4,068,406 117,652 SH   SOLE   0 0 117,652
VANGUARD WORLD FDS TELCOMM ETF 92204A884 11,889,764 128,233 SH   SOLE   0 0 128,233
VANGUARD INDEX FDS REIT ETF 922908553 379,195 4,525 SH   SOLE   0 0 4,525
VANGUARD INDEX FDS GROWTH ETF 922908736 2,356,377 22,136 SH   SOLE   0 0 22,136
VERIZON COMMUNICATIONS INC COM 92343V104 16,596,712 306,892 SH   SOLE   29,712 0 277,180
WNS HOLDINGS LTD SPON ADR 92932M101 2,293,067 74,839 SH   SOLE   0 0 74,839
WPP PLC NEW ADR 92937A102 2,260,954 19,419 SH   SOLE   0 0 19,419
WEC ENERGY GROUP INC COM 92939U106 4,448,056 74,048 SH   SOLE   20,133 0 53,915
WALKER & DUNLOP INC COM 93148P102 476,202 19,621 SH   SOLE   0 0 19,621
WELLS FARGO & CO NEW COM 949746101 9,127,793 188,747 SH   SOLE   16,005 0 172,742
WESTPAC BKG CORP SPONSORED ADR 961214301 2,101,401 90,344 SH   SOLE   0 0 90,344
WHIRLPOOL CORP COM 963320106 342,105 1,897 SH   SOLE   0 0 1,897
WISDOMTREE TR BLMBG US BULL 97717W471 665,892 25,377 SH   SOLE   0 0 25,377
WISDOMTREE TR MIDCAP DIVI FD 97717W505 454,747 5,281 SH   SOLE   0 0 5,281
WISDOMTREE TR JAPN HEDGE EQT 97717W851 263,134 6,020 SH   SOLE   0 0 6,020
WORLD FUEL SVCS CORP COM 981475106 3,232,999 66,550 SH   SOLE   19,135 0 47,415
WYNDHAM WORLDWIDE CORP COM 98310W108 12,731,724 166,580 SH   SOLE   24,789 0 141,791
XEROX CORP COM 984121103 3,295,927 295,334 SH   SOLE   87,809 0 207,525
ZIMMER BIOMET HLDGS INC COM 98956P102 3,247,950 30,460 SH   SOLE   8,859 0 21,601
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 11,750,028 101,820 SH   SOLE   9,184 0 92,636
ESSENT GROUP LTD COM G3198U102 3,183,794 153,067 SH   SOLE   43,319 0 109,748
FABRINET SHS G3323L100 3,339,038 103,216 SH   SOLE   28,428 0 74,788
ICON PLC SHS G4705A100 3,145,789 41,888 SH   SOLE   11,967 0 29,921
MEDTRONIC PLC SHS G5960L103 3,480,975 46,413 SH   SOLE   10,880 0 35,533
MICHAEL KORS HLDGS LTD SHS G60754101 3,003,729 52,734 SH   SOLE   15,470 0 37,264
NIELSEN HLDGS PLC SHS EUR G6518L108 11,023,702 209,337 SH   SOLE   19,853 0 189,484
PERRIGO CO PLC SHS G97822103 271,979 2,126 SH   SOLE   0 0 2,126
CHUBB LIMITED COM H1467J104 3,368,618 28,272 SH   SOLE   7,345 0 20,927
TE CONNECTIVITY LTD REG SHS H84989104 294,058 4,749 SH   SOLE   0 0 4,749
CHECK POINT SOFTWARE TECH LT ORD M22465104 3,174,636 36,294 SH   SOLE   10,541 0 25,753
ORBOTECH LTD ORD M75253100 3,127,688 131,526 SH   SOLE   37,595 0 93,931
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 2,965,132 20,699 SH   SOLE   5,898 0 14,801
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 16,307,444 190,552 SH   SOLE   25,230 0 165,322
MYLAN N V SHS EURO N59465109 2,965,519 63,981 SH   SOLE   17,452 0 46,529
BROADCOM LTD SHS Y09827109 3,198,057 20,699 SH   SOLE   6,280 0 14,419
DANAOS CORPORATION SHS Y1968P105 1,632,507 429,607 SH   SOLE   148,576 0 281,031