Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ROYAL BANK OF CANADA	31,662,000	$34.11M	8.5%	—	—	NOTE 4.650% 1/2	780082AD5
GLD	SPDR GOLD TRUST	250,000	$31.63M	7.9%	—	—	SHS	78463V107
—	BANK OF NOVA SCOTIA	19,105,000	$20.12M	5.0%	—	—	NOTE 4.500%12/1	064159HB5
ORCL	ORACLE CORP	235,600	$9.643M	2.4%	—	—	COM	68389X105
MSFT	MICROSOFT CORP	173,475	$8.876M	2.2%	—	—	COM	594918104
AIZ	ASSURANT INC	92,200	$7.957M	2.0%	—	—	COM	04621X108
PFE	PFIZER INC	215,491	$7.587M	1.9%	—	—	COM	717081103
JPM	JPMORGAN CHASE & COMPANY	119,250	$7.41M	1.8%	—	—	COM	46625H100
C	CITIGROUP INC	158,321	$6.711M	1.7%	—	—	COM	172967424
—	AETNA INC	53,000	$6.472M	1.6%	—	—	COM	00817Y108
CMCSA	COMCAST CORP	89,200	$5.814M	1.4%	—	—	CL A	20030N101
GS	GOLDMAN SACHS GROUP INC	39,100	$5.809M	1.4%	—	—	COM	38141G104
LNC	LINCOLN NATIONAL CORP INDIANA	144,600	$5.606M	1.4%	—	—	COM	534187109
LYB	LYONDELLBASELL INDU	75,000	$5.581M	1.4%	—	—	SHS	N53745100
TRV	TRAVELERS COS INC/THE	43,000	$5.118M	1.3%	—	—	COM	89417E109
—	ANADARKO PETROLEUM CORP	94,080	$5.009M	1.2%	—	—	COM	032511107
MC	MOELIS & CO	218,337	$4.912M	1.2%	—	—	CL A	60786M105
GLW	CORNING INC	239,105	$4.896M	1.2%	—	—	COM	219350105
OXY	OCCIDENTAL PETROLEUM	56,866	$4.296M	1.1%	—	—	COM	674599105
—	CVR PARTNERS LP	504,164	$4.119M	1.0%	—	—	COM	126633106
FDX	FEDEX CORPORATION	27,000	$4.098M	1.0%	—	—	COM	31428X106
—	PIONEER NATURAL RESOURCES CO	26,800	$4.052M	1.0%	—	—	COM	723787107
ETN	EATON CORP PLC	62,676	$3.743M	0.9%	—	—	SHS	G29183103
DAL	DELTA AIR LINES INC	98,440	$3.586M	0.9%	—	—	COM NEW	247361702
—	TRIBUNE MEDIA CO	88,445	$3.465M	0.9%	—	—	CL A	896047503
TEX	TEREX CORP	168,808	$3.428M	0.9%	—	—	COM	880779103
—	ROYAL DUTCH SHELL PLC	61,890	$3.417M	0.8%	—	—	SPONSORED ADR	780259206
MUR	MURPHY OIL CORP COM	107,025	$3.398M	0.8%	—	—	COM	626717102
—	BARRICK GOLD CORP	154,350	$3.295M	0.8%	—	—	COM	067901108
DHI	DR HORTON INC	104,200	$3.28M	0.8%	—	—	COM	23331A109
—	ENBRIDGE ENERGY PARTNERS LP	138,540	$3.214M	0.8%	—	—	COM	29250R106
UAL	UAL CORP	73,800	$3.028M	0.8%	—	—	COM	910047109
—	NEW SR INVT GROUP INC	272,052	$2.905M	0.7%	—	—	COM	648691103
VNO	VORNADO RLTY TR SH BEN INT	28,143	$2.817M	0.7%	—	—	SH BEN INT	929042109
ON	ON SEMICONDUCTOR CORPORATION	312,675	$2.757M	0.7%	—	—	COM	682189105
—	DOW CHEMICAL CORP	55,380	$2.752M	0.7%	—	—	COM	260543103
TEVA	TEVA PHARMACEUTICAL INDS LTD	53,000	$2.662M	0.7%	—	—	COM	881624209
—	APACHE CORP	47,450	$2.641M	0.7%	—	—	COM	037411105
AAL	AMERICAN AIRLINES GROUP INC	92,200	$2.61M	0.6%	—	—	COM	02376R102
BAC	BANK OF AMERICA CORP	190,900	$2.533M	0.6%	—	—	COM	060505104
AVT	AVNET INC	62,025	$2.512M	0.6%	—	—	COM	053807103
WHR	WHIRLPOOL CORPORATION	15,000	$2.499M	0.6%	—	—	COM	963320106
—	COVANTA HOLDING CORP	149,386	$2.457M	0.6%	—	—	COM	22282E102
BP	BP PLC	68,932	$2.447M	0.6%	—	—	SPONSORED ADR	055622104
HPE	HEWLETT PACKARD ENTERPRISE C	133,655	$2.441M	0.6%	—	—	COM	42824C109
LEN	LENNAR CORP	50,000	$2.305M	0.6%	—	—	CL A	526057104
MS	MORGAN STANLEY	86,700	$2.252M	0.6%	—	—	COM	617446448
BEN	FRANKLIN RESOURCES INC	63,450	$2.117M	0.5%	—	—	COM	354613101
—	SUPERIOR ENERGY SERVICES INC	114,975	$2.116M	0.5%	—	—	COM	868157108
VOYA	VOYA FINL INC	85,000	$2.104M	0.5%	—	—	COM	929089100
XOM	EXXON MOBIL CORP	21,475	$2.013M	0.5%	—	—	COM	30231G102
ACM	AECOM	62,952	$1.999M	0.5%	—	—	COM	00766T100
DVN	DEVON ENERGY CORP	54,900	$1.99M	0.5%	—	—	COM	25179M103
AIG	AMERICAN INTERNATIONAL GROUP	36,850	$1.948M	0.5%	—	—	COM NEW	026874784
OMC	OMNICOM GROUP INC COM	23,900	$1.947M	0.5%	—	—	COM	681919106
WMT	WAL-MART STORES INC	26,625	$1.944M	0.5%	—	—	COM	931142103
LAMR	LAMAR ADVERTISING CO	29,125	$1.93M	0.5%	—	—	CL A	512816109
—	SEAGATE TECHNOLOGY PLC SHS	78,975	$1.923M	0.5%	—	—	SHS	G7945M107
—	STAPLES INC	220,653	$1.902M	0.5%	—	—	COM	855030102
CSCO	CISCO SYSTEMS INC	64,600	$1.853M	0.5%	—	—	COM	17275R102
KBR	KBR INC	137,159	$1.815M	0.5%	—	—	COM	48242W106
AXS	AXIS CAPITAL HOLDINGS LTD	31,728	$1.745M	0.4%	—	—	SHS	G0692U109
DOV	DOVER CORP	25,150	$1.743M	0.4%	—	—	COM	260003108
KO	COCA COLA CO	37,350	$1.693M	0.4%	—	—	COM	191216100
HPQ	HP INC	133,655	$1.677M	0.4%	—	—	COM	40434L105
F	FORD MOTOR COMPANY	133,275	$1.675M	0.4%	—	—	COM	345370860
HAL	HALLIBURTON CO COM	35,700	$1.616M	0.4%	—	—	COM	406216101
INTC	INTEL CORP	49,075	$1.609M	0.4%	—	—	COM	458140100
MET	METLIFE INC	40,225	$1.602M	0.4%	—	—	COM	59156R108
CVE	CENOVUS ENERGY INC COM	115,075	$1.591M	0.4%	—	—	COM	15135U109
ASB	ASSOCIATED BANC-CORP	91,050	$1.561M	0.4%	—	—	COM	045487105
—	MASONITE INTERNATIONAL CORP	23,500	$1.554M	0.4%	—	—	COM	575385109
AER	AERCAP HOLDINGS NV	46,100	$1.548M	0.4%	—	—	SHS	N00985106
ABT	ABBOTT LABORATORIES	38,475	$1.512M	0.4%	—	—	COM	002824100
BKD	BROOKDALE SENIOR LIVING INC	97,675	$1.508M	0.4%	—	—	COM	112463104
GTLS	CHART INDUSTRIES INC	62,475	$1.507M	0.4%	—	—	COM	16115Q308
—	AMERICAN EQTY INVT LIFE HLD COM	102,971	$1.467M	0.4%	—	—	COM	025676206
PH	PARKER HANNIFIN CORP	13,525	$1.461M	0.4%	—	—	COM	701094104
—	ACTUANT CORP	64,500	$1.458M	0.4%	—	—	CL A	00508X203
UVV	UNIVERSAL CORP VA	23,700	$1.368M	0.3%	—	—	COM	913456109
—	TRIPLE-S MANAGEMENT CORP	55,973	$1.367M	0.3%	—	—	CL B	896749108
WBS	WEBSTER FINANCIAL CORP	40,075	$1.36M	0.3%	—	—	COM	947890109
—	ENDURANCE SPECIALTY HOLDINGS	20,250	$1.359M	0.3%	—	—	SHS	G30397106
GLNG	GOLAR LNG LTD	86,663	$1.343M	0.3%	—	—	SHS	G9456A100
JNJ	JOHNSON & JOHNSON	11,035	$1.338M	0.3%	—	—	COM	478160104
—	SYNOVUS FINANCIAL CORP	46,046	$1.334M	0.3%	—	—	COM	87161C501
ROCK	GIBRALTAR INDUSTRIES INC	42,179	$1.331M	0.3%	—	—	COM	374689107
—	JOY GLOBAL INC	62,655	$1.324M	0.3%	—	—	COM	481165108
—	ESSENDANT INC	42,900	$1.311M	0.3%	—	—	COM	296689102
SCSC	SCANSOURCE INC COM	35,191	$1.305M	0.3%	—	—	COM	806037107
NSIT	INSIGHT ENTERPRISES INC	50,128	$1.303M	0.3%	—	—	COM	45765U103
UBS	UBS GROUP AG SHS	100,375	$1.292M	0.3%	—	—	SHS	H42097107
—	ANIXTER INTL INC COM	23,909	$1.273M	0.3%	—	—	COM	035290105
—	CUBIC CORP	31,350	$1.259M	0.3%	—	—	COM	229669106
GM	GENERAL MOTORS CO	43,190	$1.222M	0.3%	—	—	COM	37045V100
—	BBCN BANCORP INC	81,225	$1.211M	0.3%	—	—	COM	073295107
STT	STATE STR CORP	22,400	$1.207M	0.3%	—	—	COM	857477103
—	FIRST MIDWEST BANCORP INC/IL	65,675	$1.153M	0.3%	—	—	COM	320867104
—	HESS CORP COM	19,183	$1.152M	0.3%	—	—	COM	42809H107
DIOD	DIODES INC	59,875	$1.125M	0.3%	—	—	COM	254543101
—	ASPEN INSURANCE HOLDINGS LTD	24,200	$1.122M	0.3%	—	—	SHS	G05384105
TTEK	TETRA TECH INC	35,950	$1.105M	0.3%	—	—	COM	88162G103
—	LINKEDIN CORP	5,840	$1.105M	0.3%	—	—	CL A	53578A108
SWK	STANLEY BLACK & DECKER INC	9,825	$1.092M	0.3%	—	—	COM	854502101
—	INTERPUBLIC GROUP COS INC	47,150	$1.089M	0.3%	—	—	COM	460690100
PNC	PNC FINL SVCS GROUP INC	12,604	$1.025M	0.3%	—	—	COM	693475105
—	GRANITE REAL ESTATE INVESTMENT TRST	33,600	$1.014M	0.3%	—	—	UNIT	387437114
—	GENERAL MOTORS	54,576	$1.005M	0.2%	—	—	WARRANT	37045V118
—	GOVERNMENT PROPERTIES INCOME	43,450	$1.001M	0.2%	—	—	COM SHS BEN INT	38376A103
TOL	TOLL BROTHERS INC	37,000	$995K	0.2%	—	—	ADR	889478103
RGA	REINSURANCE GROUP OF AMERICA	10,000	$969K	0.2%	—	—	COM NEW	759351604
IOSP	INORG CHEM NEC	19,887	$914K	0.2%	—	—	COM	45768S105
CNO	CNO FINANCIAL GROUP	52,323	$913K	0.2%	—	—	COM	12621E103
UPBD	RENT-A-CENTER INC	73,050	$897K	0.2%	—	—	COM	76009N100
—	ARGO GROUP INTERNATIONAL	17,094	$887K	0.2%	—	—	COM	G0464B107
SRI	STONERIDGE INC	57,975	$866K	0.2%	—	—	COM	86183P102
—	TUPPERWARE CORP	15,400	$866K	0.2%	—	—	COM	899896104
CMCO	COLUMBUS MCKINNON CORP/NY	60,393	$854K	0.2%	—	—	COM	199333105
—	GENERAL CABLE CORP	66,975	$851K	0.2%	—	—	COM	369300108
EOG	EOG RES INC COM	10,000	$834K	0.2%	—	—	COM	26875P101
NWSA	NEWS CORP	73,225	$831K	0.2%	—	—	CL A	65249B109
DAN	DANA HOLDING CORP	76,849	$811K	0.2%	—	—	COM	235825205
—	ELECTRUM SPECIAL ACQUISITION	78,949	$785K	0.2%	—	—	COM	G3105C120
—	SCHNITZER STEEL INDS INC	43,175	$759K	0.2%	—	—	CL A	806882106
—	TCF FINANCIAL CORP	59,825	$756K	0.2%	—	—	COM	872275102
SAIC	SCIENCE APPLICATIONS INTE	12,600	$735K	0.2%	—	—	COM	808625107
FHN	FIRST HORIZON NATIONAL CORP	52,700	$726K	0.2%	—	—	COM	320517105
VRTS	VIRTUS INVESTMENT PARTNERS	10,143	$721K	0.2%	—	—	COM	92828Q109
—	MONSANTO CO	6,905	$714K	0.2%	—	—	COM	61166W101
—	TEEKAY TANKERS LTD	232,650	$693K	0.2%	—	—	CL A	Y8565N102
WMB	WILLIAMS COS INC DEL COM	32,005	$692K	0.2%	—	—	COM	969457100
ACH	OWENS & MINOR INC	17,900	$669K	0.2%	—	—	COM	690732102
NG	NOVAGOLD RESOURCES INC	109,110	$667K	0.2%	—	—	COM NEW	66987E206
WSFS	WSFS FINANCIAL CORP	20,675	$665K	0.2%	—	—	COM	929328102
TRS	TRIMAS CORP	36,875	$663K	0.2%	—	—	COM NEW	896215209
—	APOLLO GLOBAL MANAGEMENT	43,700	$662K	0.2%	—	—	CLA SHS	037612306
FCNCA	FIRST CITIZENS BCSHS	2,545	$658K	0.2%	—	—	CL A	31946M103
GOOGL	ALPHABET INC CAP STK CL A	935	$657K	0.2%	—	—	CL A	02079K305
NRG	NRG ENERGY INC	42,341	$634K	0.2%	—	—	COM NEW	629377508
—	PARK STERLING CORP	88,466	$627K	0.2%	—	—	COM	70086Y105
CRS	CARPENTER TECHNOLOGY	18,696	$615K	0.2%	—	—	COM	144285103
NWS	NEWS CORP	51,275	$598K	0.1%	—	—	CL B	65249B208
—	ARC DOCUMENT SOLUTIONS INC	152,175	$591K	0.1%	—	—	COM	00191G103
—	CEMPRA INC	35,472	$584K	0.1%	—	—	COM	15130J109
—	ARRIS INTL INC SHS	27,816	$583K	0.1%	—	—	HS	G0551A103
—	OCI PARTNERS LP	76,518	$577K	0.1%	—	—	COM UNIT REP LP	67091N108
—	GREAT PLAINS ENERGY INC	18,100	$550K	0.1%	—	—	COM	391164100
KALU	KAISER ALUMINUM CORP	6,000	$542K	0.1%	—	—	COM	483007704
—	ICONIX BRAND GROUP INC	79,787	$539K	0.1%	—	—	COM	451055107
—	BB&T CORP	15,150	$539K	0.1%	—	—	COM	054937107
—	LEXMARK INTL GROUP INC	13,700	$517K	0.1%	—	—	CL A	529771107
—	ENERGY TRANSFER PARTNERS LP	13,175	$501K	0.1%	—	—	UNIT LTD PARTN	29273R109
—	HERTZ GLOBAL HOLDINGS INC	41,100	$454K	0.1%	—	—	COM	42805T105
POR	PORTLAND GENERAL ELECTRIC	10,200	$450K	0.1%	—	—	COM	736508847
—	FUELCELL ENERGY INC	71,712	$446K	0.1%	—	—	COM NEW	35952H502
—	WILLIAM LYON HOMES	27,600	$444K	0.1%	—	—	CL A NEW	552074700
AGX	ARGAN INC	9,851	$410K	0.1%	—	—	COM	04010E109
—	JIVE SOFTWARE INC	100,553	$378K	0.1%	—	—	COM	47760A108
—	YAHOO! INC	9,810	$368K	0.1%	—	—	COM	984332106
NVRI	HARSCO CORP	49,300	$327K	0.1%	—	—	COM	415864107
EZPW	EZCORP INC	41,100	$310K	0.1%	—	—	CL A	302301106
DRH	DIAMONDROCK HOSPITALITY CO	33,571	$303K	0.1%	—	—	COM	252784301
CMTL	COMTECH TELECOMMUNICATIONS	21,000	$269K	0.1%	—	—	COM	205826209
PRI	PRIMERICA INC	4,031	$230K	0.1%	—	—	COM	74164M108
CNMD	CONMED CORP	4,803	$229K	0.1%	—	—	COM	207410101
UFPT	UFP TECHNOLOGIES INC	10,061	$226K	0.1%	—	—	COM	902673102
MLR	MILLER INDUSTRIES INC/TENN	10,973	$225K	0.1%	—	—	COM	600551204
THC	TENET HEALTHCARE CORP	7,925	$219K	0.1%	—	—	COM NEW	88033G407
—	OM ASSET MANAGEMENT PLC	13,600	$181K	0.0%	—	—	SHS	G67506108
—	KAPSTONE PAPER AND PACKAGING	13,631	$177K	0.0%	—	—	COM	48562P103
GNW	GENWORTH FINANCIAL INC	62,650	$161K	0.0%	—	—	CL A	37247D106
—	CATCHMARK TIMBER TR INC	11,860	$144K	0.0%	—	—	CL A	14912Y202
MERC	MERCER INTL INC	17,410	$138K	0.0%	—	—	COM	588056101
—	MAXWELL TECHNOLOGIES INC	25,091	$132K	0.0%	—	—	COM	577767106
ENVA	ENOVA INTERNATIONAL INC-W/I	16,025	$117K	0.0%	—	—	COM	29357K103
—	HEALTHSOUTH CORP	53,352	$86,000	0.0%	—	—	WARRANT	421924127
—	KEY ENERGY SERVICES INC	269,075	$62,000	0.0%	—	—	COM	492914106
KTOS	KRATOS DEFENSE & SECURITY	14,788	$60,000	0.0%	—	—	COM NEW	50077B207
—	HEALTH INSURANCE INNOVATION	14,859	$58,000	0.0%	—	—	COM CL A	42225K106