Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	250,000	$25.36M	6.8%	—	—	SHS	78463V107
MSFT	MICROSOFT CORP	208,126	$11.55M	3.1%	—	—	COM	594918104
JPM	JPMORGAN CHASE & COMPANY	223,225	$9.524M	2.5%	—	—	COM	46625H100
—	WILLIAMS PARTNERS LP	317,000	$8.828M	2.4%	—	—	COM UNIT LP	96949L105
LNC	LINCOLN NATIONAL CORP INDIANA	159,600	$8.021M	2.1%	—	—	COM	534187109
C	CITIGROUP INC	149,546	$7.739M	2.1%	—	—	COM	172967424
ORCL	ORACLE CORP	210,600	$7.693M	2.1%	—	—	COM	68389X105
AIZ	ASSURANT INC	92,200	$7.425M	2.0%	—	—	COM	04621X108
GS	GOLDMAN SACHS GROUP INC	38,500	$6.938M	1.9%	—	—	COM	38141G104
TRV	TRAVELERS COS INC/THE	58,300	$6.579M	1.8%	—	—	COM	89417E109
MC	MOELIS & CO	218,337	$6.371M	1.7%	—	—	CL A	60786M105
—	AETNA INC	57,200	$6.184M	1.7%	—	—	COM	00817Y108
PFE	PFIZER INC	185,491	$5.987M	1.6%	—	—	COM	717081103
DAL	DELTA AIR LINES INC	105,440	$5.344M	1.4%	—	—	COM NEW	247361702
CMCSA	COMCAST CORP	92,200	$5.202M	1.4%	—	—	CL A	20030N101
OXY	OCCIDENTAL PETROLEUM	76,486	$5.171M	1.4%	—	—	COM	674599105
—	ENERGY TRANSFER PARTNERS LP	150,700	$5.083M	1.4%	—	—	UNIT LTD PARTN	29273R109
LYB	LYONDELLBASELL INDU	57,700	$5.014M	1.3%	—	—	SHS	N53745100
—	ANADARKO PETROLEUM CORP	101,200	$4.916M	1.3%	—	—	COM	032511107
PAA	PLAIMS ALL AMER PIPELINE LP	208,900	$4.825M	1.3%	—	—	UNIT LTD PARTN	726503105
—	FOREST CITY ENTERPRISES	214,202	$4.697M	1.3%	—	—	CL A	345550107
—	ENBRIDGE ENERGY PARTNERS LP	190,000	$4.383M	1.2%	—	—	COM	29250R106
UAL	UAL CORP	73,800	$4.228M	1.1%	—	—	COM	910047109
AAL	AMERICAN AIRLINES GROUP INC	92,200	$3.904M	1.0%	—	—	COM	02376R102
—	BARRICK GOLD CORP	521,004	$3.845M	1.0%	—	—	COM	067901108
FDX	FEDEX CORPORATION	23,100	$3.441M	0.9%	—	—	COM	31428X106
—	PIONEER NATURAL RESOURCES CO	26,800	$3.36M	0.9%	—	—	COM	723787107
DHI	DR HORTON INC	104,200	$3.337M	0.9%	—	—	COM	23331A109
—	ROYAL DUTCH SHELL PLC	71,311	$3.265M	0.9%	—	—	SPONSORED ADR	780259206
ETN	EATON CORP PLC	62,676	$3.261M	0.9%	—	—	SHS	G29183103
—	APACHE CORP	73,300	$3.259M	0.9%	—	—	COM	037411105
—	RENTECH NITROGEN PARTNERS LP	288,650	$3.059M	0.8%	—	—	COM	760113100
—	TERRAFORM GLOBAL INC	545,000	$3.046M	0.8%	—	—	CL A	88104M101
ON	ON SEMICONDUCTOR CORPORATION	308,475	$3.023M	0.8%	—	—	COM	682189105
BAC	BANK OF AMERICA CORP	178,100	$2.997M	0.8%	—	—	COM	060505104
PHM	PULTE CORP	156,900	$2.795M	0.7%	—	—	COM	745867101
—	NEW SR INVT GROUP INC	272,052	$2.682M	0.7%	—	—	COM	648691103
AVT	AVNET INC	62,025	$2.657M	0.7%	—	—	COM	053807103
—	DOW CHEMICAL CORP	51,040	$2.627M	0.7%	—	—	COM	260543103
AIG	AMERICAN INTERNATIONAL GROUP	42,325	$2.622M	0.7%	—	—	COM NEW	026874784
LAMR	LAMAR ADVERTISING CO	42,275	$2.535M	0.7%	—	—	CL A	512816109
XOM	EXXON MOBIL CORP	31,350	$2.443M	0.7%	—	—	COM	30231G102
—	COVANTA HOLDING CORP	149,386	$2.313M	0.6%	—	—	COM	22282E102
RGA	REINSURANCE GROUP OF AMERICA	26,900	$2.301M	0.6%	—	—	COM NEW	759351604
TEX	TEREX CORP	119,100	$2.2M	0.6%	—	—	COM	880779103
—	CVR PARTNERS LP	272,600	$2.183M	0.6%	—	—	COM	126633106
BP	BP PLC	68,932	$2.154M	0.6%	—	—	SPONSORED ADR	055622104
WMT	WAL-MART STORES INC	34,850	$2.136M	0.6%	—	—	COM	931142103
OMC	OMNICOM GROUP INC COM	27,775	$2.101M	0.6%	—	—	COM	681919106
AXS	AXIS CAPITAL HOLDINGS LTD	37,203	$2.091M	0.6%	—	—	SHS	G0692U109
—	STAPLES INC	220,653	$2.089M	0.6%	—	—	COM	855030102
HPE	HEWLETT PACKARD ENTERPRISE C	133,655	$2.031M	0.5%	—	—	COM	42824C109
AER	AERCAP HOLDINGS NV	46,100	$1.989M	0.5%	—	—	SHS	N00985106
MS	MORGAN STANLEY	62,300	$1.981M	0.5%	—	—	COM	617446448
UBS	UBS GROUP AG SHS	100,375	$1.963M	0.5%	—	—	SHS	H42097107
MET	METLIFE INC	40,225	$1.939M	0.5%	—	—	COM	59156R108
BEN	FRANKLIN RESOURCES INC	51,600	$1.899M	0.5%	—	—	COM	354613101
F	FORD MOTOR COMPANY	133,275	$1.877M	0.5%	—	—	COM	345370860
DVN	DEVON ENERGY CORP	54,900	$1.756M	0.5%	—	—	COM	25179M103
CSCO	CISCO SYSTEMS INC	64,600	$1.754M	0.5%	—	—	COM	17275R102
—	SUPERIOR ENERGY SERVICES INC	129,200	$1.74M	0.5%	—	—	COM	868157108
ABT	ABBOTT LABORATORIES	38,475	$1.727M	0.5%	—	—	COM	002824100
INTC	INTEL CORP	49,075	$1.69M	0.5%	—	—	COM	458140100
BKD	BROOKDALE SENIOR LIVING INC	90,810	$1.676M	0.4%	—	—	COM	112463104
—	TRIPLE-S MANAGEMENT CORP	69,873	$1.67M	0.4%	—	—	CL B	896749108
SWK	STANLEY BLACK & DECKER INC	15,275	$1.63M	0.4%	—	—	COM	854502101
PNC	PNC FINL SVCS GROUP INC	16,969	$1.617M	0.4%	—	—	COM	693475105
KO	COCA COLA CO	37,350	$1.604M	0.4%	—	—	COM	191216100
HPQ	HP INC	133,655	$1.582M	0.4%	—	—	COM	40434L105
ACM	AECOM	51,927	$1.559M	0.4%	—	—	COM	00766T100
—	ACTUANT CORP	64,500	$1.545M	0.4%	—	—	CL A	00508X203
—	SYNOVUS FINANCIAL CORP	46,046	$1.49M	0.4%	—	—	COM	87161C501
STT	STATE STR CORP	22,400	$1.486M	0.4%	—	—	COM	857477103
UVV	UNIVERSAL CORP VA	26,200	$1.469M	0.4%	—	—	COM	913456109
GM	GENERAL MOTORS CO	43,190	$1.468M	0.4%	—	—	COM	37045V100
ACH	OWENS & MINOR INC	40,825	$1.468M	0.4%	—	—	COM	690732102
ROCK	GIBRALTAR INDUSTRIES INC	57,279	$1.457M	0.4%	—	—	COM	374689107
—	CRAY INC	44,484	$1.443M	0.4%	—	—	COM NEW	225223304
DIOD	DIODES INC	62,775	$1.442M	0.4%	—	—	COM	254543101
—	TRIBUNE MEDIA CO	42,650	$1.441M	0.4%	—	—	CL A	896047503
ASB	ASSOCIATED BANC-CORP	76,325	$1.431M	0.4%	—	—	COM	045487105
—	ENDURANCE SPECIALTY HOLDINGS	22,300	$1.426M	0.4%	—	—	SHS	G30397106
WBS	WEBSTER FINANCIAL CORP	38,225	$1.421M	0.4%	—	—	COM	947890109
VOYA	VOYA FINL INC	38,475	$1.42M	0.4%	—	—	COM	929089100
—	BBCN BANCORP INC	81,225	$1.398M	0.4%	—	—	COM	073295107
—	ESSENDANT INC	42,900	$1.394M	0.4%	—	—	COM	296689102
SRI	STONERIDGE INC	93,125	$1.378M	0.4%	—	—	COM	86183P102
LEN	LENNAR CORP	27,700	$1.354M	0.4%	—	—	CL A	526057104
WHR	WHIRLPOOL CORPORATION	9,200	$1.351M	0.4%	—	—	COM	963320106
—	MASONITE INTERNATIONAL CORP	21,900	$1.34M	0.4%	—	—	COM	575385109
NWS	NEWS CORP	95,725	$1.336M	0.4%	—	—	CL B	65249B208
—	GENERAL MOTORS	54,576	$1.33M	0.4%	—	—	WARRANT	37045V118
—	INTERPUBLIC GROUP COS INC	57,050	$1.328M	0.4%	—	—	COM	460690100
—	LINKEDIN CORP	5,845	$1.315M	0.4%	—	—	CL A	53578A108
PH	PARKER HANNIFIN CORP	13,525	$1.311M	0.4%	—	—	COM	701094104
—	BAXALTA INC	33,250	$1.297M	0.3%	—	—	COM	07177M103
DAN	DANA HOLDING CORP	92,624	$1.278M	0.3%	—	—	COM	235825205
BAX	BAXTER INTL	33,250	$1.268M	0.3%	—	—	COM	071813109
—	YAHOO! INC	37,765	$1.256M	0.3%	—	—	COM	984332106
NSIT	INSIGHT ENTERPRISES INC	49,918	$1.253M	0.3%	—	—	COM	45765U103
—	TECH DATA CORP	18,850	$1.251M	0.3%	—	—	COM	878237106
IOSP	INORG CHEM NEC	22,828	$1.239M	0.3%	—	—	COM	45768S105
DOV	DOVER CORP	20,175	$1.236M	0.3%	—	—	COM	260003108
—	CIGNA CORP	8,375	$1.225M	0.3%	—	—	COM	125509109
—	FIRST MIDWEST BANCORP INC/IL	65,675	$1.21M	0.3%	—	—	COM	320867104
—	NATL PENN BCSHS INC	95,775	$1.18M	0.3%	—	—	COM	637138108
—	ASPEN INSURANCE HOLDINGS LTD	24,200	$1.168M	0.3%	—	—	SHS	G05384105
TTEK	TETRA TECH INC	44,600	$1.16M	0.3%	—	—	COM	88162G103
CNO	CNO FINANCIAL GROUP	60,223	$1.149M	0.3%	—	—	COM	12621E103
CMCO	COLUMBUS MCKINNON CORP/NY	60,393	$1.141M	0.3%	—	—	COM	199333105
JNJ	JOHNSON & JOHNSON	11,035	$1.133M	0.3%	—	—	COM	478160104
GTLS	CHART INDUSTRIES INC	62,475	$1.122M	0.3%	—	—	COM	16115Q308
KBR	KBR INC	64,700	$1.094M	0.3%	—	—	COM	48242W106
UPBD	RENT-A-CENTER INC	73,050	$1.093M	0.3%	—	—	COM	76009N100
—	CUBIC CORP	21,675	$1.024M	0.3%	—	—	COM	229669106
—	ARRIS CORP	32,816	$1.003M	0.3%	—	—	COM	04270V106
NWSA	NEWS CORP	73,225	$978K	0.3%	—	—	CL A	65249B109
GLW	CORNING INC	52,425	$958K	0.3%	—	—	COM	219350105
—	GRANITE REAL ESTATE INVESTMENT TRST	34,200	$938K	0.3%	—	—	UNIT	387437114
—	ARGO GROUP INTERNATIONAL	15,540	$929K	0.2%	—	—	COM	G0464B107
GLNG	GOLAR LNG LTD	57,318	$905K	0.2%	—	—	SHS	G9456A100
—	GENERAL CABLE CORP	66,975	$899K	0.2%	—	—	COM	369300108
BRC	BRADY CORPORATION	37,083	$852K	0.2%	—	—	CL A	104674106
—	TCF FINANCIAL CORP	59,825	$844K	0.2%	—	—	COM	872275102
—	TEEKAY TANKERS LTD	120,450	$828K	0.2%	—	—	CL A	Y8565N102
ET	ENERGY TRANSFER EQUITY LP	60,015	$824K	0.2%	—	—	COM UT LTD PTN	29273V100
WSFS	WSFS FINANCIAL CORP	24,400	$789K	0.2%	—	—	COM	929328102
—	ELECTRUM SPECIAL ACQUISITION	78,949	$785K	0.2%	—	—	COM	G3105C120
CRS	CARPENTER TECHNOLOGY	25,596	$774K	0.2%	—	—	COM	144285103
—	TUPPERWARE CORP	13,800	$767K	0.2%	—	—	COM	899896104
FHN	FIRST HORIZON NATIONAL CORP	50,200	$728K	0.2%	—	—	COM	320517105
GOOGL	ALPHABET INC CAP STK CL A	935	$727K	0.2%	—	—	CL A	02079K305
—	STANCORP FINANCIAL GROUP	6,250	$711K	0.2%	—	—	COM	852891100
GOOG	ALPHABET INC	937	$711K	0.2%	—	—	CL C	02079K107
—	PHH CORP	46,775	$703K	0.2%	—	—	COM	693320202
GNW	GENWORTH FINANCIAL INC	186,375	$695K	0.2%	—	—	CL A	37247D106
—	OCI PARTNERS LP	94,800	$675K	0.2%	—	—	COM UNIT REP LP	67091N108
—	ARC DOCUMENT SOLUTIONS INC	152,175	$672K	0.2%	—	—	COM	00191G103
—	APOLLO GLOBAL MANAGEMENT	43,700	$663K	0.2%	—	—	CLA SHS	037612306
—	GOVERNMENT PROPERTIES INCOME	41,551	$659K	0.2%	—	—	COM SHS BEN INT	38376A103
MATW	MATTHEWS INTL CORP	12,275	$656K	0.2%	—	—	CL A	577128101
—	PARK STERLING CORP	88,466	$647K	0.2%	—	—	COM	70086Y105
—	BAKER HUGHES INC	13,800	$636K	0.2%	—	—	COM	057224107
FCNCA	FIRST CITIZENS BCSHS	2,445	$631K	0.2%	—	—	CL A	31946M103
—	SCHNITZER STEEL INDS INC	43,175	$620K	0.2%	—	—	CL A	806882106
VRTS	VIRTUS INVESTMENT PARTNERS	5,276	$619K	0.2%	—	—	COM	92828Q109
—	HERTZ GLOBAL HOLDINGS INC	41,100	$584K	0.2%	—	—	COM	42805T105
SAIC	SCIENCE APPLICATIONS INTE	12,400	$567K	0.2%	—	—	COM	808625107
—	JOY GLOBAL INC	43,430	$547K	0.1%	—	—	COM	481165108
KALU	KAISER ALUMINUM CORP	6,100	$510K	0.1%	—	—	COM	483007704
—	GREAT PLAINS ENERGY INC	18,500	$505K	0.1%	—	—	COM	391164100
TPC	TUTOR PERINI CORP	29,900	$500K	0.1%	—	—	COM	901109108
NRG	NRG ENERGY INC	42,341	$498K	0.1%	—	—	COM NEW	629377508
—	ICONIX BRAND GROUP INC	72,187	$493K	0.1%	—	—	COM	451055107
—	CEMPRA INC	15,497	$482K	0.1%	—	—	COM	15130J109
NG	NOVAGOLD RESOURCES INC	109,110	$459K	0.1%	—	—	COM NEW	66987E206
PRI	PRIMERICA INC	9,431	$445K	0.1%	—	—	COM	74164M108
NAT	NORDIC AMERICAN TANKERS LTD	28,031	$435K	0.1%	—	—	COM	G65773106
—	WILLIAM LYON HOMES	25,200	$415K	0.1%	—	—	CL A NEW	552074700
—	JIVE SOFTWARE INC	100,553	$410K	0.1%	—	—	COM	47760A108
LEN/B	LENNAR CORP	10,121	$406K	0.1%	—	—	CL B	526057302
TRS	TRIMAS CORP	21,100	$393K	0.1%	—	—	COM NEW	896215209
—	LEXMARK INTL GROUP INC	11,700	$379K	0.1%	—	—	CL A	529771107
POR	PORTLAND GENERAL ELECTRIC	10,200	$370K	0.1%	—	—	COM	736508847
—	MONSTER WORLDWIDE INC	118,675	$357K	0.1%	—	—	COM	611742107
—	MAXWELL TECHNOLOGIES INC	46,277	$330K	0.1%	—	—	COM	577767106
DRH	DIAMONDROCK HOSPITALITY CO	33,571	$323K	0.1%	—	—	COM	252784301
—	FUELCELL ENERGY INC	64,523	$320K	0.1%	—	—	COM NEW	35952H502
NVRI	HARSCO CORP	40,700	$320K	0.1%	—	—	COM	415864107
AGX	ARGAN INC	9,851	$319K	0.1%	—	—	COM	04010E109
—	KAPSTONE PAPER AND PACKAGING	13,631	$307K	0.1%	—	—	COM	48562P103
—	BLUEKNIGHT ENERGY PARTNERS LP	52,322	$294K	0.1%	—	—	COM UNIT	09625U109
UFPT	UFP TECHNOLOGIES INC	10,443	$248K	0.1%	—	—	COM	902673102
THC	TENET HEALTHCARE CORP	7,925	$240K	0.1%	—	—	COM NEW	88033G407
MLR	MILLER INDUSTRIES INC/TENN	10,973	$238K	0.1%	—	—	COM	600551204
—	OM ASSET MANAGEMENT PLC	13,600	$208K	0.1%	—	—	SHS	G67506108
EZPW	EZCORP INC	41,100	$205K	0.1%	—	—	CL A	302301106
CALY	CALLAWAY GOLF COMPANY	20,077	$189K	0.1%	—	—	COM	131193104
—	OCEAN RIG UDW INC	99,744	$162K	0.0%	—	—	SHS	Y64354205
—	CATCHMARK TIMBER TR INC	11,860	$134K	0.0%	—	—	CL A	14912Y202
KTOS	KRATOS DEFENSE & SECURITY	29,388	$120K	0.0%	—	—	COM NEW	50077B207
MERC	MERCER INTL INC	191,298	$120K	0.0%	—	—	COM	588056101
ENVA	ENOVA INTERNATIONAL INC-W/I	16,325	$107K	0.0%	—	—	COM	29357K103
—	KEY ENERGY SERVICES INC	215,200	$103K	0.0%	—	—	COM	492914106
—	HEALTH INSURANCE INNOVATION	14,859	$99,000	0.0%	—	—	COM CL A	42225K106