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
AGREE REALTY CORP REIT 008492100 231 4,665 SH   SOLE   1,855 0 2,810
APOLLO COMM REAL ESTATE REIT 03762U105 2,733 166,970 SH   SOLE   43,878 0 123,092
ASHFORD HOSPITALITY PRIME REIT 044102101 3,522 249,775 SH   SOLE   66,422 0 183,353
ASHFORD HOSPITALITY TR COM SHS REIT 044103109 4,727 802,539 SH   SOLE   210,933 0 591,606
BRANDYWINE REALTY TRUST REIT 105368203 12,033 770,345 SH   SOLE   207,784 0 562,561
CBL & ASSOCIATES PROPERTIES REIT 124830100 6,858 564,916 SH   SOLE   148,463 0 416,453
COMMUNITY HEALTHCARE TRUST REIT 20369C106 3,995 182,255 SH   SOLE   114,765 0 67,490
DIAMONDROCK HOSPITALITY REIT 252784301 224 24,620 SH   SOLE   9,400 0 15,220
GEO GROUP INC REIT 36162J106 6,665 280,260 SH   SOLE   76,097 0 204,163
HOSPITALITY PROPERTIES TRUST REIT 44106M102 5,237 176,219 SH   SOLE   55,434 0 120,785
INDEPENDENCE REALTY TRUST REIT 45378A106 4,337 481,920 SH   SOLE   296,850 0 185,070
LEXINGTON REALTY TRUST REIT 529043101 442 42,921 SH   SOLE   13,706 0 29,215
LTC PROPERTIES INC REIT 502175102 370 7,125 SH   SOLE   2,735 0 4,390
MACK CALI RLTY CORP COM REIT 554489104 10,570 388,303 SH   SOLE   103,539 0 284,764
MEDEQUITIES REALTY TRUST REIT 58409L306 2,350 200,000 SH   SOLE   127,045 0 72,955
MEDICAL PROPERTIES TRUST INC REIT 58463J304 12,129 821,218 SH   SOLE   223,343 0 597,875
MONMOUTH REIT A REIT 609720107 2,654 185,994 SH   SOLE   114,819 0 71,175
NEW RESIDENTIAL INVESTMENT REIT 64828T201 6,203 449,150 SH   SOLE   120,691 0 328,459
PENNSYLVANIA REAL ESTATE TRUST REIT 709102107 11,431 496,332 SH   SOLE   127,397 0 368,935
RAIT FINANCIAL TRUST REIT 749227609 5,099 1,508,653 SH   SOLE   396,487 0 1,112,166
SOTHERLY HOTELS REIT 83600C103 1,053 199,500 SH   SOLE   131,560 0 67,940
VEREIT INC REIT 92339V100 7,007 675,700 SH   SOLE   524,600 0 151,100
WELLTOWER INC REIT 95040Q104 9,538 127,569 SH   SOLE   84,765 0 42,804
1 800 FLOWERS COM CL A COM 68243Q106 3,129 341,255 SH   SOLE   216,550 0 124,705
A O SMITH CORP COM 831865209 2,633 26,652 SH   SOLE   8,555 0 18,097
AAR CORP COM 000361105 9,017 287,905 SH   SOLE   76,430 0 211,475
AARON'S INC COM 002535300 4,543 178,720 SH   SOLE   49,367 0 129,353
ACUITY BRANDS INC COM 00508Y102 1,591 6,014 SH   SOLE   2,011 0 4,003
ADOBE SYSTEMS INC COM 00724F101 2,524 23,250 SH   SOLE   9,470 0 13,780
AEGEAN MARINE PETROLEUM COM Y0017S102 3,355 335,505 SH   SOLE   204,330 0 131,175
AEGION CORP COM 00770F104 7,457 391,035 SH   SOLE   152,096 0 238,939
AIRCASTLE LTD COM G0129K104 11,253 566,623 SH   SOLE   147,033 0 419,590
ALLEGIANCE BANCSHARES INC COM 01748H107 1,360 50,370 SH   SOLE   31,060 0 19,310
ALLERGAN PLC COM G0177J108 1,780 7,730 SH   SOLE   3,207 0 4,523
ALLETE INC COM 018522300 11,744 196,983 SH   SOLE   52,191 0 144,792
ALLIED WORLD ASSURANCE CO COM H01531104 8,274 204,704 SH   SOLE   52,420 0 152,284
ALLSCRIPTS HEALTHCARE COM 01988P108 365 27,693 SH   SOLE   10,913 0 16,780
ALMOST FAMILY INC COM 020409108 3,293 89,550 SH   SOLE   56,470 0 33,080
ALPHABET INC A COM 02079K305 5,665 7,045 SH   SOLE   2,777 0 4,268
ALTRIA GROUP COM 02209S103 19,369 306,321 SH   SOLE   232,045 0 74,276
AMAZON.COM INC COM 023135106 3,190 3,810 SH   SOLE   1,588 0 2,222
AMERICAN AXLE & MFG HOLDINGS COM 024061103 13,307 772,742 SH   SOLE   202,590 0 570,152
AMERICAN EAGLE OUTFITTERS COM 02553E106 362 20,250 SH   SOLE   8,050 0 12,200
AMERICAN SOFTWARE A COM 029683109 2,833 255,192 SH   SOLE   162,290 0 92,902
AMERIPRISE FINANCIAL COM 03076C106 9,394 94,157 SH   SOLE   70,998 0 23,159
AMGEN INC COM 031162100 13,608 81,580 SH   SOLE   63,355 0 18,225
AMN HEALTHCARE SRVCS COM COM 001744101 244 7,670 SH   SOLE   2,760 0 4,910
AMPHENOL CORP-CL A COM 032095101 3,061 47,154 SH   SOLE   15,580 0 31,574
ANTHEM INC COM 036752103 7,866 62,775 SH   SOLE   48,750 0 14,025
APOGEE ENTERPRISES COM 037598109 432 9,672 SH   SOLE   5,047 0 4,625
APPLE INC COM 037833100 13,354 118,121 SH   SOLE   73,460 0 44,661
ARCHER-DANIELS-MIDLAND CO COM 039483102 11,210 265,825 SH   SOLE   206,425 0 59,400
ASPEN INSURANCE HOLDINGS COM G05384105 9,846 211,324 SH   SOLE   56,195 0 155,129
ASSOCIATED BANC CORP COM 045487105 12,681 647,345 SH   SOLE   170,132 0 477,213
AT & T INC COM COM 00206R102 32,202 792,960 SH   SOLE   607,080 0 185,880
AVX CORP COM 002444107 3,491 253,167 SH   SOLE   69,744 0 183,423
BANC OF CALIFORNIA COM 05990K106 2,315 132,615 SH   SOLE   77,815 0 54,800
BANK OF COMMERCE HOLDINGS COM 06424J103 1,010 140,230 SH   SOLE   86,255 0 53,975
BANNER CORP COM 06652V208 522 11,929 SH   SOLE   4,289 0 7,640
BAR HARBOR BANKSHARES COM 066849100 1,143 31,135 SH   SOLE   19,220 0 11,915
BARNES GROUP INC COM 067806109 14,798 364,940 SH   SOLE   93,876 0 271,064
BARRETT BUSINESS SVCS INC COM 068463108 3,277 66,055 SH   SOLE   41,740 0 24,315
BERKSHIRE HILLS BANC COM 084680107 3,203 115,594 SH   SOLE   67,645 0 47,949
BERRY PLASTICS GROUP INC COM 08579W103 316 7,200 SH   SOLE   2,400 0 4,800
BIG 5 SPORTING GOODS COM COM 08915P101 1,857 136,312 SH   SOLE   35,833 0 100,479
BIG LOTS INC COM 089302103 5,657 118,468 SH   SOLE   31,130 0 87,338
BLACK BOX CORP COM 091826107 1,320 94,990 SH   SOLE   58,400 0 36,590
BLACKROCK CAPITAL INVEST COM 092533108 305 36,863 SH   SOLE   14,456 0 22,407
BLOOMIN' BRANDS INC COM 094235108 2,924 169,591 SH   SOLE   48,105 0 121,486
BOFI HOLDING INC COM 05566U108 386 17,225 SH   SOLE   6,965 0 10,260
BRINK'S CO/THE COM 109696104 8,271 223,057 SH   SOLE   59,312 0 163,745
BRINKER INTERNATIONAL INC COM 109641100 8,533 169,206 SH   SOLE   45,300 0 123,906
BRISTOL-MYERS SQUIBB CO COM 110122108 2,615 48,503 SH   SOLE   19,346 0 29,157
BROCADE COMMUNICATIONS SYS COM 111621306 5,175 560,632 SH   SOLE   152,356 0 408,276
CABOT CORP COM 127055101 8,608 164,251 SH   SOLE   43,371 0 120,880
CAPITAL CITY BK GROUP COM 139674105 2,404 162,775 SH   SOLE   103,605 0 59,170
CAPITAL ONE FINANCIAL CORP COM 14040H105 13,629 189,735 SH   SOLE   144,930 0 44,805
CARPENTER TECHNOLOGY COM 144285103 297 7,200 SH   SOLE   2,945 0 4,255
CASEY'S GENERAL STORES INC COM 147528103 264 2,200 SH   SOLE   875 0 1,325
CECO ENVIRONMENTAL COM 125141101 4,581 406,100 SH   SOLE   236,085 0 170,015
CELADON GROUP INC COM 150838100 4,072 465,865 SH   SOLE   285,485 0 180,380
CELESTICA INC SUB VTG SHS COM 15101Q108 5,356 494,507 SH   SOLE   129,978 0 364,529
CELGENE CORP COM 151020104 2,967 28,384 SH   SOLE   10,335 0 18,049
CENTURY CASINOS INC COM 156492100 1,198 173,380 SH   SOLE   106,780 0 66,600
CENTURY COMMUNITIES INC COM 156504300 4,877 226,735 SH   SOLE   143,805 0 82,930
CHARLES RIV LABS INTL COM COM 159864107 4,640 55,670 SH   SOLE   16,969 0 38,701
CHEMICAL FINL CORP COM COM 163731102 3,203 72,570 SH   SOLE   19,233 0 53,337
CHEVRON CORP COM 166764100 22,120 214,920 SH   SOLE   163,745 0 51,175
CHIPMOS TECHNOLOGIES COM G2110R114 2,476 125,051 SH   SOLE   33,254 0 91,797
CIRRUS LOGIC INC COM 172755100 349 6,575 SH   SOLE   3,415 0 3,160
CISCO SYSTEMS COM 17275R102 23,426 738,510 SH   SOLE   559,850 0 178,660
CITIGROUP INC COM 172967424 17,376 367,895 SH   SOLE   278,935 0 88,960
CITIZENS FINANCIAL GROUP COM 174610105 6,212 251,385 SH   SOLE   195,185 0 56,200
CLIFTON BANCORP COM 186873105 2,057 134,553 SH   SOLE   33,943 0 100,610
COEUR MINING COM 192108504 6,153 520,100 SH   SOLE   133,549 0 386,551
COLUMBUS MCKINNON N Y COM COM 199333105 3,988 223,525 SH   SOLE   133,555 0 89,970
CONCURRENT COMPUTER COM 206710402 938 170,620 SH   SOLE   105,690 0 64,930
CONOCOPHILLIPS COM 20825C104 6,213 142,925 SH   SOLE   110,950 0 31,975
CONSTELLATION BRANDS INC-A COM 21036P108 1,688 10,140 SH   SOLE   3,655 0 6,485
COOPER TIRE & RUBBER COM 216831107 8,439 221,954 SH   SOLE   59,019 0 162,935
COSTCO CORP COM 22160K105 2,712 17,781 SH   SOLE   6,900 0 10,881
COVENANT TRANSPORTATION COM 22284P105 2,782 143,910 SH   SOLE   90,230 0 53,680
CRA INTERNATIONAL COM 12618T105 4,486 168,710 SH   SOLE   106,025 0 62,685
CRANE CO COM 224399105 11,819 187,575 SH   SOLE   51,181 0 136,394
CROSS COUNTRY HEALTH COM 227483104 3,510 297,945 SH   SOLE   190,120 0 107,825
CSG SYS INTL INC COM COM 126349109 6,359 153,869 SH   SOLE   39,904 0 113,965
CULP INC COM 230215105 1,941 65,195 SH   SOLE   40,145 0 25,050
CVS HEALTH COM 126650100 7,913 88,915 SH   SOLE   67,615 0 21,300
DANAHER CORP COM 235851102 1,699 21,670 SH   SOLE   8,909 0 12,761
DEL FRISCOS RESTAURANT COM 245077102 2,144 159,160 SH   SOLE   97,960 0 61,200
DELEK US HOLDINGS INC COM 246647101 275 15,900 SH   SOLE   6,400 0 9,500
DELTA AIRLINES COM 247361702 1,996 50,702 SH   SOLE   18,755 0 31,947
DELTIC TIMBER CORP COM 247850100 262 3,865 SH   SOLE   1,515 0 2,350
DENBURY RESOURCES INC COM 247916208 2,505 775,446 SH   SOLE   205,147 0 570,299
DENTSPLY SIRONA INC COM 24906P109 2,065 34,755 SH   SOLE   10,945 0 23,810
DEVRY INC COM 251893103 4,967 215,388 SH   SOLE   57,068 0 158,320
DIAMONDBACK ENERGY INC COM 25278X109 203 2,100 SH   SOLE   0 0 2,100
DIGIRAD CORP COM 253827109 1,676 328,670 SH   SOLE   209,360 0 119,310
DIME COMMUNITY BANC COM 253922108 3,368 200,950 SH   SOLE   118,915 0 82,035
DIODES INC COM COM 254543101 3,964 185,776 SH   SOLE   51,342 0 134,434
DISCOVER FINL SERVICES COM 254709108 8,727 154,325 SH   SOLE   114,310 0 40,015
DOMINO'S PIZZA INC COM 25754A201 228 1,500 SH   SOLE   0 0 1,500
DOW CHEMICAL COM 260543103 12,008 231,675 SH   SOLE   179,880 0 51,795
DSW INC-CLASS A COM 23334L102 264 12,875 SH   SOLE   5,225 0 7,650
DUCOMMUN INC COM 264147109 5,172 226,445 SH   SOLE   143,055 0 83,390
DYCOM INDS INC COM COM 267475101 209 2,550 SH   SOLE   1,100 0 1,450
EATON CORP COM G29183103 13,368 203,435 SH   SOLE   157,960 0 45,475
EDWARDS LIFESCIENCES CORP COM 28176E108 1,531 12,702 SH   SOLE   4,625 0 8,077
ELECTRO SCIENTIFIC COM 285229100 1,080 191,420 SH   SOLE   117,850 0 73,570
ELECTRONIC ARTS INC COM 285512109 2,872 33,633 SH   SOLE   12,778 0 20,855
EMCOR GROUP INC COM 29084Q100 10,604 177,868 SH   SOLE   47,885 0 129,983
ENCORE WIRE CORP COM 292562105 341 9,280 SH   SOLE   3,710 0 5,570
ENDURANCE SPECIALTY HOLDINGS COM G30397106 11,152 170,384 SH   SOLE   46,948 0 123,436
ENERSYS COM 29275Y102 10,131 146,430 SH   SOLE   39,743 0 106,687
ENTEGRIS INC COM 29362U104 506 29,050 SH   SOLE   9,560 0 19,490
ESSA BANCORP INC COM 29667D104 2,092 151,280 SH   SOLE   98,245 0 53,035
ESTEE LAUDER A COM 518439104 2,023 22,847 SH   SOLE   9,470 0 13,377
ETHAN ALLEN INTERIORS COM COM 297602104 2,084 66,650 SH   SOLE   41,035 0 25,615
EURONET WORLDWIDE INC COM COM 298736109 238 2,912 SH   SOLE   900 0 2,012
EVOLUTION PETROLEUM COM 30049A107 1,427 227,220 SH   SOLE   146,025 0 81,195
EXACTECH, INC COM 30064E109 1,737 64,260 SH   SOLE   39,515 0 24,745
EXAR CORP COM COM 300645108 3,419 367,225 SH   SOLE   235,210 0 132,015
EXELON CORP COM COM 30161N101 19,969 599,850 SH   SOLE   465,725 0 134,125
EXXON MOBIL CORP COM 30231G102 17,535 200,910 SH   SOLE   153,185 0 47,725
FABRINET COM G3323L100 241 5,400 SH   SOLE   1,850 0 3,550
FACEBOOK INC-A COM 30303M102 5,204 40,569 SH   SOLE   15,195 0 25,374
FIDELITY SOUTHN CORP COM COM 316394105 2,815 153,050 SH   SOLE   94,200 0 58,850
FINANCIAL INSTNS INC COM 317585404 3,123 115,190 SH   SOLE   69,075 0 46,115
FINISH LINE/THE - CL A COM 317923100 3,355 145,345 SH   SOLE   38,213 0 107,132
FIRST BANCORP INC ME COM 31866P102 1,728 72,100 SH   SOLE   46,975 0 25,125
FIRST FINANCIAL COM 320218100 4,280 105,205 SH   SOLE   66,535 0 38,670
FIRST INTERNET BANC COM 320557101 3,106 134,505 SH   SOLE   85,070 0 49,435
FIRST MIDWEST BANCORP COM COM 320867104 7,570 391,024 SH   SOLE   102,794 0 288,230
FIRSTENERGY CORP COM 337932107 4,655 140,725 SH   SOLE   109,250 0 31,475
FISERV INC COM 337738108 2,221 22,324 SH   SOLE   5,470 0 16,854
FNB CORP COM 302520101 4,088 332,370 SH   SOLE   88,086 0 244,284
FOOT LOCKER INC COM 344849104 7,087 104,645 SH   SOLE   81,195 0 23,450
FORD MOTOR CO COM 345370860 1,078 89,346 SH   SOLE   37,150 0 52,196
FORTIVE CORP COM 34959J108 554 10,885 SH   SOLE   4,505 0 6,380
FULTON FINL CORP PA COM COM 360271100 13,572 934,695 SH   SOLE   248,565 0 686,130
GAIN CAPITAL HOLDINGS COM 36268W100 2,937 475,170 SH   SOLE   294,320 0 180,850
GENERAL DYNAMICS COM 369550108 14,601 94,102 SH   SOLE   70,648 0 23,454
GENERAL MOTORS CO COM 37045V100 15,634 492,090 SH   SOLE   375,075 0 117,015
GIGPEAK INC COM 37518Q109 980 416,966 SH   SOLE   255,552 0 161,414
GILEAD SCIENCES COM 375558103 1,705 21,552 SH   SOLE   8,247 0 13,305
GLATFELTER COM 377316104 2,580 119,010 SH   SOLE   70,130 0 48,880
GLOBAL BRASS & COPPER HOLD COM 37953G103 6,538 226,311 SH   SOLE   59,487 0 166,824
GOLDMAN SACHS COM 38141G104 15,512 96,185 SH   SOLE   73,425 0 22,760
GRAN TIERRA ENERGY COM 38500T101 3,790 1,259,045 SH   SOLE   330,902 0 928,143
GRANITE CONSTRUCTION INC COM 387328107 361 7,265 SH   SOLE   2,830 0 4,435
GREEN BANCORP INC COM 39260X100 1,859 170,075 SH   SOLE   104,325 0 65,750
GREENHILL & CO INC COM 395259104 4,781 202,835 SH   SOLE   124,615 0 78,220
GULF ISLAND FABRICATN COM 402307102 1,538 167,190 SH   SOLE   102,805 0 64,385
HANCOCK HOLDING CO COM 410120109 13,778 424,852 SH   SOLE   113,031 0 311,821
HANMI FINANCIAL CORP COM 410495204 4,081 154,946 SH   SOLE   89,675 0 65,271
HANOVER INSURANCE GROUP INC/ COM 410867105 8,149 108,045 SH   SOLE   28,608 0 79,437
HARDINGE INC COM COM 412324303 2,641 237,250 SH   SOLE   150,325 0 86,925
HARTE-HANKS INC COM COM 416196103 655 404,225 SH   SOLE   248,800 0 155,425
HARTFORD FINANCIAL SERVICES COM 416515104 10,773 251,585 SH   SOLE   195,527 0 56,058
HARVARD BIOSCIENCE INC COM COM 416906105 1,376 506,050 SH   SOLE   317,450 0 188,600
HAVERTY FURNITURE COM 419596101 3,404 169,875 SH   SOLE   107,220 0 62,655
HAYNES INTERNATIONAL COM 420877201 4,010 108,060 SH   SOLE   66,370 0 41,690
HCI GROUP INC COM 40416E103 3,681 121,250 SH   SOLE   77,165 0 44,085
HELEN OF TROY LTD COM G4388N106 4,123 47,851 SH   SOLE   12,583 0 35,268
HERMAN MILLER INC COM 600544100 339 11,860 SH   SOLE   4,715 0 7,145
HILL-ROM HOLDINGS INC COM 431475102 11,309 182,468 SH   SOLE   47,870 0 134,598
HILL INTERNATIONAL COM 431466101 2,131 462,325 SH   SOLE   291,725 0 170,600
HILLENBRAND INC COM 431571108 6,346 200,559 SH   SOLE   52,723 0 147,836
HMS HOLDINGS CORP COM 40425J101 296 13,330 SH   SOLE   5,205 0 8,125
HOME DEPOT INC COM 437076102 4,374 33,990 SH   SOLE   12,294 0 21,696
HOMESTREET INC COM 43785V102 4,276 170,620 SH   SOLE   104,840 0 65,780
HOMETRUST BANCSHARES COM 437872104 3,045 164,605 SH   SOLE   100,415 0 64,190
HONEYWELL INTERNATIONAL COM 438516106 2,253 19,321 SH   SOLE   7,532 0 11,789
HOPE BANCORP COM 43940T109 416 23,950 SH   SOLE   9,400 0 14,550
HORIZON BANCORP IND COM COM 440407104 3,447 117,320 SH   SOLE   72,175 0 45,145
HYSTER-YALE MATERIALS COM 449172105 5,232 87,007 SH   SOLE   22,879 0 64,128
IDACORP INC COM COM 451107106 9,957 127,193 SH   SOLE   33,700 0 93,493
II VI INC COM COM 902104108 302 12,400 SH   SOLE   4,950 0 7,450
INCYTE CORP COM 45337C102 615 6,522 SH   SOLE   2,255 0 4,267
INDEPENDENT BANK MA COM 453836108 377 6,965 SH   SOLE   2,735 0 4,230
INDEPENDENT BANK MI COM 453838609 3,729 221,542 SH   SOLE   140,745 0 80,797
INGRAM MICRO INC-CL A COM 457153104 9,517 266,872 SH   SOLE   87,200 0 179,672
INTEGRA LIFESCIEN HLDG COM NEW COM 457985208 1,826 22,122 SH   SOLE   5,431 0 16,691
INTEL CORP COM 458140100 24,942 660,720 SH   SOLE   504,290 0 156,430
INTERCONTINENTAL EXCH COM 45866F104 3,987 14,800 SH   SOLE   5,395 0 9,405
INTERNATIONAL BNCSHRS COM COM 459044103 8,328 279,635 SH   SOLE   73,430 0 206,205
ITRON INC COM 465741106 9,939 178,253 SH   SOLE   47,401 0 130,852
ITT INC COM 45073V108 407 11,360 SH   SOLE   4,405 0 6,955
IXYS CORP COM 46600W106 6,243 518,110 SH   SOLE   242,658 0 275,452
JABIL CIRCUIT INC COM 466313103 8,267 378,860 SH   SOLE   294,190 0 84,670
JANUS CAPITAL COM 47102X105 13,033 930,294 SH   SOLE   494,440 0 435,854
JOHNSON & JOHNSON COM 478160104 22,110 187,165 SH   SOLE   144,165 0 43,000
JPMORGAN CHASE COM 46625H100 31,252 469,315 SH   SOLE   357,425 0 111,890
KB HOME COM 48666K109 8,404 521,323 SH   SOLE   137,017 0 384,306
KEYCORP COM 493267108 10,498 862,574 SH   SOLE   670,312 0 192,262
KIRKLANDS INC COM COM 497498105 3,246 266,490 SH   SOLE   167,835 0 98,655
KULICKE & SOFFA INDS COM COM 501242101 3,337 258,059 SH   SOLE   67,992 0 190,067
LA Z BOY INC COM 505336107 495 20,160 SH   SOLE   6,860 0 13,300
LAKELAND BANCORP INC COM COM 511637100 3,248 231,340 SH   SOLE   146,840 0 84,500
LAM RESEARCH CORP COM 512807108 13,224 139,630 SH   SOLE   108,380 0 31,250
LANDEC CORP COM 514766104 3,583 267,200 SH   SOLE   164,400 0 102,800
LEAR CORP COM 521865204 12,675 104,560 SH   SOLE   81,250 0 23,310
LEXMARK INTERNATIONAL INC-A COM 529771107 9,443 236,318 SH   SOLE   66,531 0 169,787
LHC GROUP COM 50187A107 2,410 65,340 SH   SOLE   39,310 0 26,030
LIFETIME BRANDS COM 53222Q103 1,481 109,994 SH   SOLE   67,686 0 42,308
LIONS GATE ENTERTAINMENT COM 535919203 1,445 72,270 SH   SOLE   25,254 0 47,016
LKQ CORP COM 501889208 2,334 65,815 SH   SOLE   22,400 0 43,415
LOCKHEED MARTIN CORP COM 539830109 3,122 13,023 SH   SOLE   5,395 0 7,628
LYONDELLBASELL INDU-CL A COM N53745100 8,460 104,885 SH   SOLE   81,435 0 23,450
M/I HOMES INC COM COM 55305B101 782 33,175 SH   SOLE   20,440 0 12,735
MACY'S INC COM 55616P104 7,507 202,610 SH   SOLE   157,310 0 45,300
MAINSOURCE FINANCIAL COM 56062Y102 4,321 173,185 SH   SOLE   105,595 0 67,590
MARATHON PETROLEUM CORP COM 56585A102 7,883 194,201 SH   SOLE   150,756 0 43,445
MARINEMAX INC COM COM 567908108 4,926 235,130 SH   SOLE   143,040 0 92,090
MARTEN TRANS LTD COM 573075108 3,390 161,450 SH   SOLE   99,270 0 62,180
MATRIX SVC CO COM 576853105 253 13,495 SH   SOLE   5,195 0 8,300
MATTHEWS INTL CORP CL A COM 577128101 6,257 102,973 SH   SOLE   27,037 0 75,936
MCDONALD'S CORP COM 580135101 1,151 9,975 SH   SOLE   4,160 0 5,815
MEDTRONIC PLC COM G5960L103 2,508 29,026 SH   SOLE   12,004 0 17,022
MENTOR GRAPHICS CORP COM 587200106 11,384 430,555 SH   SOLE   116,075 0 314,480
MERCER INTL INC COM 588056101 1,969 232,493 SH   SOLE   61,597 0 170,896
MEREDITH CORP COM 589433101 10,972 211,049 SH   SOLE   56,709 0 154,340
MERIT MEDICAL SYSTEMS INC COM 589889104 364 15,000 SH   SOLE   6,000 0 9,000
META FINANCIAL GROUP COM 59100U108 3,839 63,345 SH   SOLE   40,167 0 23,178
MICROCHIP TECHNOLOGY INC COM 595017104 1,655 26,631 SH   SOLE   9,900 0 16,731
MICROSEMI CORP COM 595137100 10,678 254,352 SH   SOLE   69,893 0 184,459
MICROSOFT CORP COM 594918104 2,434 42,254 SH   SOLE   15,420 0 26,834
MIDDLEBY CORP COM COM 596278101 1,079 8,726 SH   SOLE   3,310 0 5,416
MOVADO GROUP INC COM COM 624580106 3,427 159,523 SH   SOLE   59,741 0 99,782
MUELLER WATER PRODUCTS A COM 624758108 134 10,700 SH   SOLE   10,700 0 0
NAVIGANT CONSULTING INC COM 63935N107 3,267 161,595 SH   SOLE   42,472 0 119,123
NELNET INC CL A COM 64031N108 4,042 100,135 SH   SOLE   26,332 0 73,803
NETFLIX INC COM 64110L106 949 9,631 SH   SOLE   3,970 0 5,661
NETGEAR INC COM 64111Q104 3,303 54,609 SH   SOLE   14,472 0 40,137
NEW YORK AND COMPANY INC COM 649295102 829 366,675 SH   SOLE   225,525 0 141,150
NEWPARK RESOURCES INC COM 651718504 2,570 349,140 SH   SOLE   219,640 0 129,500
NIKE INC -CL B COM 654106103 1,840 34,945 SH   SOLE   13,846 0 21,099
NORTHRIM BANCORP INC COM 666762109 1,130 43,895 SH   SOLE   27,100 0 16,795
NORTHWEST PIPE CO COM COM 667746101 2,026 171,515 SH   SOLE   105,540 0 65,975
NUVASIVE INC COM 670704105 405 6,075 SH   SOLE   1,950 0 4,125
OLD NATIONAL BANCORP COM 680033107 12,542 892,047 SH   SOLE   241,459 0 650,588
OLIN CORP COM 680665205 5,773 281,358 SH   SOLE   74,159 0 207,199
OLYMPIC STEEL INC COM COM 68162K106 2,048 92,660 SH   SOLE   57,035 0 35,625
ONE GAS INC COM 68235P108 230 3,725 SH   SOLE   1,275 0 2,450
ORION GROUP HLDGS COM 68628V308 4,240 618,960 SH   SOLE   393,085 0 225,875
OWENS-ILLINOIS INC COM 690768403 4,460 242,540 SH   SOLE   65,022 0 177,518
OWENS & MINOR INC NEW COM COM 690732102 7,765 223,579 SH   SOLE   59,038 0 164,541
PACIFIC ETHANOL INC COM COM 69423U305 3,262 472,000 SH   SOLE   289,050 0 182,950
PACKAGING CORP OF AMERICA COM 695156109 5,690 70,020 SH   SOLE   54,345 0 15,675
PALO ALTO NETWORKS INC COM 697435105 1,390 8,721 SH   SOLE   2,903 0 5,818
PAN AMERICAN SILVER CORP COM 697900108 6,288 356,852 SH   SOLE   95,601 0 261,251
PARK OHIO HLDGS CORP COM COM 700666100 2,114 57,988 SH   SOLE   15,395 0 42,593
PAYPAL INC COM COM 70450Y103 1,893 46,208 SH   SOLE   18,845 0 27,363
PENTAIR PLC COM G7S00T104 13,650 212,490 SH   SOLE   164,965 0 47,525
PEOPLES BANCORP INC COM 709789101 5,011 203,785 SH   SOLE   124,075 0 79,710
PERRY ELLIS COM 288853104 3,322 172,310 SH   SOLE   109,885 0 62,425
PFIZER INC COM 717081103 30,157 890,380 SH   SOLE   679,305 0 211,075
PHILIP MORRIS INTERNATIONAL COM 718172109 2,341 24,080 SH   SOLE   9,980 0 14,100
PHOTRONICS COM 719405102 2,284 221,500 SH   SOLE   136,350 0 85,150
PLANTRONICS COM 727493108 10,071 193,828 SH   SOLE   51,539 0 142,289
PLEXUS CORP COM 729132100 302 6,450 SH   SOLE   2,150 0 4,300
PNC FINANCIAL SERVICES GROUP COM 693475105 7,770 86,250 SH   SOLE   66,955 0 19,295
PORTLAND GENERAL ELECTRIC COM 736508847 10,594 248,739 SH   SOLE   66,136 0 182,603
PPL CORPORATION COM 69351T106 12,572 363,680 SH   SOLE   273,455 0 90,225
PRIMERICA INC COM 74164M108 302 5,700 SH   SOLE   2,185 0 3,515
PROGENICS PHARMA INC COM 743187106 67 10,600 SH   SOLE   10,600 0 0
PROOFPOINT INC COM 743424103 329 4,400 SH   SOLE   1,500 0 2,900
PROSPERITY BANCSHARES COM 743606105 5,486 99,948 SH   SOLE   35,286 0 64,662
PRUDENTIAL FINANCIAL COM 744320102 8,328 102,000 SH   SOLE   79,165 0 22,835
RAYTHEON COMPANY COM 755111507 201 1,475 SH   SOLE   0 0 1,475
RCI HOSPITALITY COM 74934Q108 861 74,700 SH   SOLE   45,975 0 28,725
RED ROBIN GOURMET BURG COM COM 75689M101 3,270 72,770 SH   SOLE   45,855 0 26,915
REGAL-BELOIT CORP COM 758750103 8,803 147,977 SH   SOLE   40,171 0 107,806
REGIONS FINANCIAL COM 7591EP100 3,601 364,885 SH   SOLE   284,160 0 80,725
RENT-A-CENTER INC COM 76009N100 2,244 177,550 SH   SOLE   46,715 0 130,835
RING ENERGY INC COM 76680V108 4,114 375,705 SH   SOLE   234,010 0 141,695
RR DONNELLEY & SONS CO COM 257867101 9,047 575,528 SH   SOLE   170,042 0 405,486
RUDOLPH TECHNOLOGIES COM 781270103 2,683 151,265 SH   SOLE   96,280 0 54,985
SAFEGUARD SCIENTIFICS COM 786449207 2,183 168,419 SH   SOLE   107,735 0 60,684
SANMINA SCI CORP COM 801056102 11,004 386,517 SH   SOLE   102,784 0 283,733
SARATOGA INVEST CORP COM 80349A208 783 43,853 SH   SOLE   26,810 0 17,043
SCHULMAN A INC COM COM 808194104 5,116 175,692 SH   SOLE   46,548 0 129,144
SCIENCE APPLICATIONS INTL COM 808625107 6,212 89,555 SH   SOLE   23,774 0 65,781
SEAGATE TECHNOLOGY COM G7945M107 4,769 123,705 SH   SOLE   96,030 0 27,675
SELECT MEDICAL HOLDINGS COM 81619Q105 12,061 893,374 SH   SOLE   242,389 0 650,985
SI FINANCIAL GROUP COM 78425V104 1,407 106,601 SH   SOLE   65,390 0 41,211
SIERRA BANCORP COM COM 82620P102 2,412 128,570 SH   SOLE   81,830 0 46,740
SILICOM LTD COM M84116108 4,546 109,800 SH   SOLE   70,225 0 39,575
SIRIUS XM HOLDINGS COM 82968B103 175 42,000 SH   SOLE   0 0 42,000
SNAP-ON INC COM 833034101 2,755 18,127 SH   SOLE   5,370 0 12,757
SPARTANNASH COM 847215100 3,996 138,173 SH   SOLE   36,446 0 101,727
SPOK HOLDINGS COM 84863T106 1,126 63,215 SH   SOLE   38,900 0 24,315
STARBUCKS CORP COM 855244109 2,420 44,706 SH   SOLE   15,815 0 28,891
STEIN MART INC COM 858375108 2,475 389,760 SH   SOLE   248,320 0 141,440
STEPAN CO COM COM 858586100 5,770 79,408 SH   SOLE   21,078 0 58,330
STERLING CONSTRUCTION COM 859241101 4,331 559,535 SH   SOLE   356,785 0 202,750
SUNTRUST BANKS INC COM 867914103 8,039 183,550 SH   SOLE   142,675 0 40,875
SWIFT TRANSPORTATION CO COM 87074U101 595 27,720 SH   SOLE   9,995 0 17,725
SYKES ENTERPRISES INC COM 871237103 2,680 95,284 SH   SOLE   25,029 0 70,255
SYNAPTICS INC COM COM 87157D109 421 7,195 SH   SOLE   2,915 0 4,280
SYNERGY RESOURCES CORP COM 87164P103 252 36,350 SH   SOLE   14,300 0 22,050
SYSTEMAX INC COM COM 871851101 928 117,155 SH   SOLE   72,120 0 45,035
TCF FINANCIAL CORP COM 872275102 8,986 619,267 SH   SOLE   164,681 0 454,586
TECH DATA CORP COM 878237106 9,586 113,157 SH   SOLE   29,269 0 83,888
TERRITORIAL BANCORP INC COM 88145X108 3,253 113,490 SH   SOLE   72,765 0 40,725
TESCO CORP COM 88157K101 1,720 210,790 SH   SOLE   129,505 0 81,285
TESSERA TECHNOLOGIES INC COM 88164L100 378 9,830 SH   SOLE   3,830 0 6,000
THE TRAVELERS CO COM 89417E109 16,554 144,510 SH   SOLE   108,910 0 35,600
TJX COMPANIES INC COM 872540109 2,419 32,346 SH   SOLE   12,650 0 19,696
TOWNE BANK COM 89214P109 325 13,545 SH   SOLE   5,330 0 8,215
TRACTOR SUPPLY COMPANY COM 892356106 1,466 21,765 SH   SOLE   7,895 0 13,870
TRAVELCENTERS OF AMERICA COM 894174101 2,748 383,865 SH   SOLE   242,105 0 141,760
TRI POINTE GROUP COM 87265H109 485 36,785 SH   SOLE   14,365 0 22,420
TRIPLE-S MGMT COPR - B COM 896749108 2,677 122,083 SH   SOLE   32,100 0 89,983
TRIUMPH GROUP INC COM 896818101 7,097 254,543 SH   SOLE   68,026 0 186,517
TUTOR PERINI CORP COM 901109108 10,892 507,303 SH   SOLE   135,088 0 372,215
TYSON FOODS A COM 902494103 16,177 216,651 SH   SOLE   164,766 0 51,885
ULTA SALON COM 90384S303 1,912 8,036 SH   SOLE   2,672 0 5,364
UMPQUA HLDGS CORP COM COM 904214103 5,986 397,767 SH   SOLE   105,390 0 292,377
UNION PACFIC CORP COM 907818108 205 2,100 SH   SOLE   0 0 2,100
UNITED CMNTY FINL OHIO COM COM 909839102 3,181 447,450 SH   SOLE   275,450 0 172,000
UNITED HEALTH GROUP COM 91324P102 3,139 22,421 SH   SOLE   9,115 0 13,306
UNITED INSURANCE HOLDINGS COM 910710102 3,252 191,545 SH   SOLE   113,815 0 77,730
UNITED TECHNOLOGIES CORP COM 913017109 16,580 163,190 SH   SOLE   126,715 0 36,475
UNIVERSAL FST PRODS COM COM 913543104 7,068 71,768 SH   SOLE   19,323 0 52,445
UNIVERSAL STAINLESS COM 913837100 2,415 229,990 SH   SOLE   145,655 0 84,335
UNUM GROUP COM 91529Y106 11,445 324,120 SH   SOLE   251,905 0 72,215
VAIL RESORTS INC COM 91879Q109 424 2,700 SH   SOLE   825 0 1,875
VALSPAR CORP COM 920355104 1,602 15,106 SH   SOLE   4,865 0 10,241
VERTEX PHARMACEUTICALS INC COM 92532F100 895 10,261 SH   SOLE   3,793 0 6,468
VISA INC A COM 92826C839 5,028 60,799 SH   SOLE   22,136 0 38,663
VISHAY INTERTECHNOLOGY INC COM 928298108 12,160 863,035 SH   SOLE   233,355 0 629,680
WADDELL & REED FINANCIAL-A COM 930059100 2,742 150,969 SH   SOLE   39,664 0 111,305
WASHINGTON FEDERAL INC COM 938824109 13,990 524,361 SH   SOLE   139,443 0 384,918
WASHINGTON TRUST BANCORP COM 940610108 2,967 73,767 SH   SOLE   45,503 0 28,264
WATSCO INC COM 942622200 234 1,660 SH   SOLE   310 0 1,350
WAYSIDE TECHNOLOGY GROUP COM 946760105 473 26,660 SH   SOLE   16,234 0 10,426
WESBANCO INC COM COM 950810101 4,244 129,072 SH   SOLE   26,544 0 102,528
WEST MARINE INC COM COM 954235107 1,136 137,345 SH   SOLE   84,570 0 52,775
WESTERN ALLIANCE BANCORP COM 957638109 290 7,725 SH   SOLE   2,250 0 5,475
WESTERN DIGITAL CORP COM 958102105 5,578 95,400 SH   SOLE   74,050 0 21,350
WHIRLPOOL CORP COM 963320106 5,928 36,558 SH   SOLE   28,358 0 8,200
WHITEWAVE FOODS CO - A COM 966244105 1,590 29,217 SH   SOLE   8,236 0 20,981
WHITING PETE CORP COM 966387102 193 22,125 SH   SOLE   9,050 0 13,075
WILEY JOHN & SONS INC CL A COM 968223206 4,987 96,633 SH   SOLE   25,409 0 71,224
WINTRUST FINL CORP COM COM 97650W108 13,924 250,572 SH   SOLE   65,866 0 184,706
XCERRA CORP COM 98400J108 3,011 496,815 SH   SOLE   314,015 0 182,800
BP PLC ADR ADR 055622104 8,993 255,780 SH   SOLE   198,570 0 57,210
ENI S P A ADR ADR 26874R108 6,987 242,030 SH   SOLE   187,930 0 54,100
ROYAL DUTCH SHELL PLC ADR ADR 780259107 6,574 124,445 SH   SOLE   93,245 0 31,200
TEVA PHARMA ADR ADR 881624209 6,068 131,885 SH   SOLE   97,855 0 34,030