Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST GOLD SHS	224,000	$26.43M	6.2%	—	—	SHS	78463V107
—	BANK OF NOVA SCOTIA	19,105,000	$20.09M	4.7%	—	—	NOTE 4.500% 12/1	064159HB5
—	ENBRIDGE INC	15,000,000	$15.72M	3.7%	—	—	NOTE 6.000% 1/1	29250NAN5
C	CITIGROUP INC COM NEW	213,271	$14.26M	3.4%	—	—	COM	172967424
ORCL	ORACLE CORP COM	212,775	$10.67M	2.5%	—	—	COM	68389X105
JPM	JPMORGAN CHASE & CO COM	110,675	$10.12M	2.4%	—	—	COM	46625H100
—	TORONTO DOMINION BK ONT	10,000,000	$9.906M	2.3%	—	—	NOTE 3.625% 9/1	891160MJ9
MSFT	MICROSOFT CORP COM	136,500	$9.409M	2.2%	—	—	COM	594918104
LNC	LINCOLN NATL CORP IND COM	134,000	$9.056M	2.1%	—	—	COM	534187109
MC	MOELIS & CO CL A	218,337	$8.482M	2.0%	—	—	CL A	60786M105
—	AETNA INC NEW COM	53,000	$8.047M	1.9%	—	—	COM	00817Y108
—	COVANTA HLDG CORP COM	584,493	$7.715M	1.8%	—	—	COM	22282E102
CMCSA	COMCAST CORP NEW CL A	163,200	$6.352M	1.5%	—	—	CL A	20030N101
PFE	PFIZER INC COM	186,726	$6.272M	1.5%	—	—	COM	717081103
UAL	UNITED CONTL HLDGS INC COM	73,800	$5.553M	1.3%	—	—	COM	910047109
WHR	WHIRLPOOL CORP COM	28,500	$5.461M	1.3%	—	—	COM	963320106
FDX	FEDEX CORP COM	25,100	$5.455M	1.3%	—	—	COM	31428X106
TRV	TRAVELERS COMPANIES INC COM	43,000	$5.441M	1.3%	—	—	COM	89417E109
DAL	DELTA AIR LINES INC DEL COM NEW	98,440	$5.29M	1.2%	—	—	COM NEW	247361702
AIZ	ASSURANT INC COM	50,700	$5.257M	1.2%	—	—	COM	04621X108
NEAR	ISHARES U S ETF TR SHT MAT BD ETF	100,000	$5.027M	1.2%	—	—	BD ETF	46431W507
—	HESS CORP COM	105,176	$4.614M	1.1%	—	—	COM	42809H107
—	STAPLES INC COM	428,878	$4.319M	1.0%	—	—	COM	855030102
—	PIONEER NAT RES CO COM	26,800	$4.277M	1.0%	—	—	COM	723787107
ETN	EATON CORP PLC SHS	53,991	$4.202M	1.0%	—	—	SHS	G29183103
—	ANADARKO PETE CORP COM	87,860	$3.984M	0.9%	—	—	COM	032511107
AAL	AMERICAN AIRLS GROUP INC COM	78,700	$3.96M	0.9%	—	—	COM	02376R102
TEX	TEREX CORP NEW COM	104,371	$3.914M	0.9%	—	—	COM	880779103
LYB	LYONDELLBASELL INDUSTRIES N SHS - A -	44,200	$3.73M	0.9%	—	—	SHS	N53745100
DHI	D R HORTON INC COM	104,200	$3.602M	0.8%	—	—	COM	23331A109
GLNG	GOLAR LNG LTD BERMUDA SHS	157,750	$3.51M	0.8%	—	—	SHS	G9456A100
GOOG	ALPHABET INC CAP STK CL C	3,800	$3.453M	0.8%	—	—	CL C	02079K107
EOG	EOG RES INC COM	38,000	$3.44M	0.8%	—	—	COM	26875P101
AVT	AVNET INC COM	87,706	$3.41M	0.8%	—	—	COM	053807103
BAC	BANK AMER CORP COM	137,525	$3.336M	0.8%	—	—	COM	060505104
—	ROYAL DUTCH SHELL PLC SPONS ADR A	61,478	$3.27M	0.8%	—	—	SPONSORED ADR	780259206
—	DOW CHEM CO COM	51,555	$3.252M	0.8%	—	—	COM	260543103
URI	UNITED RENTALS INC COM	27,000	$3.043M	0.7%	—	—	COM	911363109
GS	GOLDMAN SACHS GROUP INC COM	13,500	$2.996M	0.7%	—	—	COM	38141G104
OMC	OMNICOM GROUP INC COM	35,752	$2.964M	0.7%	—	—	COM	681919106
CTSH	COGNIZANT TECHNOLOGY SOLUTIO CL A	44,010	$2.922M	0.7%	—	—	CLA	192446102
VNO	VORNADO RLTY TR SH BEN INT	30,535	$2.867M	0.7%	—	—	SH BEN INT	929042109
BEN	FRANKLIN RES INC COM	63,450	$2.842M	0.7%	—	—	COM	354613101
MS	MORGAN STANLEY COM NEW	63,023	$2.808M	0.7%	—	—	COM	617446448
NXPI	NXP SEMICONDUCTORS N V COM	25,375	$2.777M	0.7%	—	—	COM	N6596X109
VOYA	VOYA FINL INC COM	73,700	$2.719M	0.6%	—	—	COM	929089100
LEN	LENNAR CORP CL A	50,000	$2.666M	0.6%	—	—	CL A	526057104
COF	CAPITAL ONE FINL CORP COM	31,827	$2.63M	0.6%	—	—	COM	14040H105
CTRA	CABOT OIL & GAS CORP COM	100,000	$2.508M	0.6%	—	—	COM	127097103
—	ATHENE HLDG LTD CL A	50,000	$2.481M	0.6%	—	—	CL A	G0684D107
MUR	MURPHY OIL CORP COM	95,712	$2.453M	0.6%	—	—	COM	626717102
AIG	AMERICAN INTL GROUP INC COM NEW	38,924	$2.434M	0.6%	—	—	COM NEW	026874784
—	BARRICK GOLD CORP COM	150,595	$2.396M	0.6%	—	—	COM	067901108
MCK	MCKESSON CORP COM	14,344	$2.36M	0.6%	—	—	COM	58155Q103
MET	METLIFE INC COM	41,025	$2.254M	0.5%	—	—	COM	59156R108
KBR	KBR INC COM	140,208	$2.134M	0.5%	—	—	COM	48242W106
F	FORD MTR CO DEL COM PAR $0.01	190,129	$2.128M	0.5%	—	—	COM	345370860
—	MYLAN N V SHS EURO	53,986	$2.096M	0.5%	—	—	SHS	N59465109
CSCO	CISCO SYS INC COM	64,600	$2.022M	0.5%	—	—	COM	17275R102
ON	ON SEMICONDUCTOR CORP COM	143,846	$2.02M	0.5%	—	—	COM	682189105
DOV	DOVER CORP COM	25,150	$2.018M	0.5%	—	—	COM	260003108
—	DELL TECHNOLOGIES INC COM CL V	31,815	$1.944M	0.5%	—	—	CL V	24703L103
BKD	BROOKDALE SR LIVING INC COM	130,210	$1.915M	0.5%	—	—	COM	112463104
WMT	WAL-MART STORES INC COM	25,275	$1.913M	0.5%	—	—	COM	931142103
STT	STATE STR CORP COM	20,950	$1.88M	0.4%	—	—	COM	857477103
HLT	HILTON WORLDWIDE HLDGS INC COM	30,092	$1.861M	0.4%	—	—	COM	43300A203
BP	BP PLC SPONSORED ADR	52,382	$1.815M	0.4%	—	—	SPONSORED ADR	055622104
—	WPX ENERGY INC COM	186,500	$1.802M	0.4%	—	—	COM	98212B103
LAMR	LAMAR ADVERTISING CO NEW CL A	23,942	$1.761M	0.4%	—	—	CL A	512816109
—	CVR PARTNERS LP COM	502,664	$1.754M	0.4%	—	—	COM	126633106
AXS	AXIS CAPITAL HOLDINGS LTD SHS	26,853	$1.736M	0.4%	—	—	SHS	G0692U109
—	CIGNA CORPORATION COM	10,189	$1.706M	0.4%	—	—	COM	125509109
—	MONSANTO CO NEW COM	14,265	$1.688M	0.4%	—	—	COM	61166W101
—	FOREST CITY RLTY TR INC COM CL A	68,000	$1.644M	0.4%	—	—	CL A	345605109
GM	GENERAL MTRS CO COM	46,980	$1.641M	0.4%	—	—	COM	37045V100
XOM	EXXON MOBIL CORP COM	19,875	$1.605M	0.4%	—	—	COM	30231G102
ASB	ASSOCIATED BANC CORP COM	63,115	$1.59M	0.4%	—	—	COM	045487105
VRTS	VIRTUS INVT PARTNERS INC COM	14,087	$1.563M	0.4%	—	—	COM	92828Q109
CMTL	COMTECH TELECOMMUNICATIONS C COM NEW	80,719	$1.531M	0.4%	—	—	COM	205826209
CVE	CENOVUS ENERGY INC COM	205,929	$1.519M	0.4%	—	—	COM	15135U109
—	AMERICAN EQTY INVT LIFE HLD COM	57,604	$1.514M	0.4%	—	—	COM	025676206
OXY	OCCIDENTAL PETE CORP DEL COM	24,966	$1.495M	0.4%	—	—	COM	674599105
—	MASONITE INTL CORP NEW COM	19,682	$1.486M	0.3%	—	—	COM	575385109
—	ASPEN INSURANCE HOLDINGS LTD SHS	29,797	$1.485M	0.3%	—	—	SHS	G05384105
TOL	TOLL BROTHERS INC COM	37,000	$1.462M	0.3%	—	—	ADR	889478103
TRS	TRIMAS CORP COM NEW	69,529	$1.45M	0.3%	—	—	COM NEW	896215209
TECK	TECK RESOURCES LTD CL B	79,565	$1.379M	0.3%	—	—	CL B	878742204
SCSC	SCANSOURCE INC COM	34,035	$1.372M	0.3%	—	—	COM	806037107
ACH	OWENS & MINOR INC NEW COM	41,472	$1.335M	0.3%	—	—	COM	690732102
HPE	HEWLETT PACKARD ENTERPRISE C COM	80,150	$1.33M	0.3%	—	—	COM	42824C109
—	ESSENDANT INC COM	88,599	$1.314M	0.3%	—	—	COM	296689102
INTC	INTEL CORP COM	38,625	$1.303M	0.3%	—	—	COM	458140100
IOSP	INNOSPEC INC COM	19,829	$1.3M	0.3%	—	—	COM	45768S105
KO	COCA COLA CO COM	28,500	$1.278M	0.3%	—	—	COM	191216100
JELD	JELD-WEN HLDG INC COM	37,656	$1.222M	0.3%	—	—	COM	47580P103
—	ACTUANT CORP CL A NEW	49,072	$1.207M	0.3%	—	—	CL A	00508X203
WBS	WEBSTER FINL CORP CONN COM	22,979	$1.2M	0.3%	—	—	COM	947890109
HOPE	HOPE BANCORP INC COM	63,331	$1.181M	0.3%	—	—	COM	43940T109
—	GRANITE REAL ESTATE INVT TR UNIT 99/99/9999	29,300	$1.167M	0.3%	—	—	UNIT	387437114
—	CUBIC CORP COM	25,193	$1.166M	0.3%	—	—	COM	229669106
FHN	FIRST HORIZON NATL CORP COM	64,800	$1.129M	0.3%	—	—	COM	320517105
GTLS	CHART INDS INC COM PAR $0.01	32,367	$1.124M	0.3%	—	—	COM	16115Q308
—	NEW SR INVT GROUP INC COM	110,460	$1.11M	0.3%	—	—	COM	648691103
—	VERIFONE SYS INC COM	60,993	$1.104M	0.3%	—	—	COM	92342Y109
CNO	CNO FINL GROUP INC COM	52,889	$1.104M	0.3%	—	—	COM	12621E103
—	SYNOVUS FINL CORP COM NEW	23,923	$1.058M	0.2%	—	—	COM	87161C501
ACM	AECOM COM	32,202	$1.041M	0.2%	—	—	COM	00766T100
FCNCA	FIRST CTZNS BANCSHARES INC N CL A	2,745	$1.023M	0.2%	—	—	CL A	31946M103
—	ANIXTER INTL INC COM	13,019	$1.018M	0.2%	—	—	COM	035290105
—	TRIPLE-S MGMT CORP CL B	59,447	$1.005M	0.2%	—	—	CL B	896749108
NWSA	NEWS CORP NEW CL A	73,225	$1.003M	0.2%	—	—	CL A	65249B109
CAT	CATERPILLAR INC DEL COM	9,205	$989K	0.2%	—	—	COM	149123101
—	EXPRESS SCRIPTS HLDG CO COM	14,808	$945K	0.2%	—	—	COM	30219G108
—	ARGO GROUP INTL HLDGS LTD COM	15,576	$944K	0.2%	—	—	COM	G0464B107
GLW	CORNING INC COM	29,780	$895K	0.2%	—	—	COM	219350105
—	SUPERIOR ENERGY SVCS INC COM	85,660	$893K	0.2%	—	—	COM	868157108
NSIT	INSIGHT ENTERPRISES INC COM	22,273	$891K	0.2%	—	—	COM	45765U103
—	PARK STERLING CORP COM	73,366	$872K	0.2%	—	—	COM	70086Y105
GOOGL	ALPHABET INC CAP STK CL A	935	$869K	0.2%	—	—	CL A	02079K305
—	TUPPERWARE BRANDS CORP COM	11,600	$815K	0.2%	—	—	COM	899896104
—	TCF FINL CORP COM	50,542	$806K	0.2%	—	—	COM	872275102
—	ELECTRUM SPL ACQUISITION COR SHS	78,949	$797K	0.2%	—	—	SHS	G3105C104
—	APOLLO GLOBAL MGMT LLC CL A SHS	29,700	$786K	0.2%	—	—	CL A SHS	037612306
—	FIRST MIDWEST BANCORP DEL COM	33,701	$786K	0.2%	—	—	COM	320867104
DAN	DANA INCORPORATED COM	34,696	$775K	0.2%	—	—	COM	235825205
SAIC	SCIENCE APPLICATNS INTL CP N COM	10,900	$757K	0.2%	—	—	COM	808625107
ROCK	GIBRALTAR INDS INC COM	21,089	$752K	0.2%	—	—	COM	374689107
—	GOVERNMENT PPTYS INCOME TR COM SHS BEN INT	40,914	$749K	0.2%	—	—	COM SHS BEN INT	38376A103
NRG	NRG ENERGY INC COM NEW	42,341	$729K	0.2%	—	—	COM NEW	629377508
UVV	UNIVERSAL CORP VA COM	11,240	$727K	0.2%	—	—	COM	913456109
NVRI	HARSCO CORP COM	44,700	$720K	0.2%	—	—	COM	415864107
—	GENERAL CABLE CORP DEL NEW COM	43,886	$718K	0.2%	—	—	COM	369300108
HAL	HALLIBURTON CO COM	15,475	$661K	0.2%	—	—	COM	406216101
—	ICONIX BRAND GROUP INC COM	94,087	$650K	0.2%	—	—	COM	451055107
KALU	KAISER ALUMINUM CORP COM PAR $0.01	7,200	$637K	0.2%	—	—	COM	483007704
—	LYON WILLIAM HOMES CL A NEW	25,998	$628K	0.1%	—	—	CL A NEW	552074700
—	TEEKAY TANKERS LTD CL A	332,350	$625K	0.1%	—	—	CLA	Y8565N102
EZPW	EZCORP INC CL A NON VTG	73,900	$569K	0.1%	—	—	CL A	302301106
SRI	STONERIDGE INC COM	36,271	$559K	0.1%	—	—	COM	86183P102
—	HOEGH LNG PARTNERS LP COM UNIT LTD	28,143	$539K	0.1%	—	—	COM	Y3262R100
—	GREAT PLAINS ENERGY INC COM	18,100	$530K	0.1%	—	—	COM	391164100
WMB	WILLIAMS COS INC DEL COM	17,070	$517K	0.1%	—	—	COM	969457100
NG	NOVAGOLD RES INC COM NEW	109,110	$498K	0.1%	—	—	COM NEW	66987E206
—	ARRIS INTL INC SHS	17,116	$480K	0.1%	—	—	HS	G0551A103
POR	PORTLAND GEN ELEC CO COM NEW	10,200	$466K	0.1%	—	—	COM	736508847
—	WESCO AIRCRAFT HLDGS INC COM	42,270	$459K	0.1%	—	—	COM	950814103
—	VIRTUSA CORP COM	15,183	$446K	0.1%	—	—	COM	92827P102
NWS	NEWS CORP NEW CL B	30,775	$435K	0.1%	—	—	CL B	65249B208
—	OM ASSET MGMT PLC SHS	28,733	$427K	0.1%	—	—	SHS	G67506108
PH	PARKER HANNIFIN CORP COM	2,632	$421K	0.1%	—	—	COM	701094104
ABT	ABBOTT LABS COM	8,620	$419K	0.1%	—	—	COM	002824100
—	PLY GEM HLDGS INC COM	22,467	$403K	0.1%	—	—	COM	72941W100
WSFS	WSFS FINL CORP COM	8,631	$391K	0.1%	—	—	COM	929328102
ENVA	ENOVA INTL INC COM	26,225	$389K	0.1%	—	—	COM	29357K103
—	VCA INC COM	4,100	$378K	0.1%	—	—	COM	918194101
DRH	DIAMONDROCK HOSPITALITY CO COM	33,571	$368K	0.1%	—	—	COM	252784301
—	ARC DOCUMENT SOLUTIONS INC COM	86,820	$361K	0.1%	—	—	COM	00191G103
DIOD	DIODES INC COM	14,881	$358K	0.1%	—	—	COM	254543101
CRS	CARPENTER TECHNOLOGY CORP COM	9,536	$357K	0.1%	—	—	COM	144285103
CNMD	CONMED CORP COM	5,503	$280K	0.1%	—	—	COM	207410101
MLR	MILLER INDS INC TENN COM NEW	10,727	$267K	0.1%	—	—	COM	600551204
—	FUELCELL ENERGY INC COM NEW	207,156	$257K	0.1%	—	—	COM NEW	35952H502
MERC	MERCER INTL INC COM	21,707	$250K	0.1%	—	—	COM	588056101
—	KAPSTONE PAPER & PACKAGING C COM	11,931	$246K	0.1%	—	—	COM	48562P103
UFPT	UFP TECHNOLOGIES INC COM	8,631	$244K	0.1%	—	—	COM	902673102
GNW	GENWORTH FINL INC COM CL A	62,650	$236K	0.1%	—	—	CL A	37247D106
NNI	NELNET INC CL A	4,800	$226K	0.1%	—	—	CL A	64031N108
FBNC	FIRST BANCORP N C COM	6,839	$214K	0.1%	—	—	COM	318910106
—	CATCHMARK TIMBER TR INC CL A	13,960	$159K	0.0%	—	—	CL A	14912Y202
—	ELECTRUM SPL ACQUISITION COR	78,949	$0	0.0%	—	—	*W EXP 99/99/999	G3105C112