Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	FINANCIAL SELECT SECTOR SPDR	7,043,800	$160M	21.0%	—	—	Call	81369Y905
—	ISHARES MSCI EMERGING MARKET	1,551,600	$67.08M	8.8%	—	—	Call	464287904
F	FORD MOTOR CO	1,588,017	$27.38M	3.6%	$8.66	+2.4%	Common Stock	345370860
XLK	TECHNOLOGY SELECT SECT SPDR	661,437	$25.37M	3.3%	$37.32	—	ETP	81369Y803
R	RYDER SYSTEM INC	208,081	$18.33M	2.4%	$60.03	+39.5%	Common Stock	783549108
BBY	BEST BUY CO INC	545,637	$16.92M	2.2%	$17.92	-0.9%	Common Stock	086516101
AIZ	ASSURANT INC	257,259	$16.86M	2.2%	$51.93	+2.4%	Common Stock	04621X108
—	SAFEWAY INC	464,521	$15.95M	2.1%	$23.66	—	Common Stock	786514208
—	HEWLETT-PACKARD CO	459,025	$15.46M	2.0%	$32.36	—	Common Stock	428236103
TSN	TYSON FOODS INC-CL A	408,275	$15.33M	2.0%	$22.26	+39.1%	Common Stock	902494103
DAL	DELTA AIR LINES INC	393,405	$15.23M	2.0%	$27.96	+17.6%	Common Stock	247361702
—	XEROX CORP	1,206,084	$15M	2.0%	$10.29	—	Common Stock	984121103
—	WELLPOINT INC	139,081	$14.97M	2.0%	$83.61	—	Common Stock	94973V107
GME	GAMESTOP CORP-CLASS A	368,436	$14.91M	2.0%	$6.93	+2.9%	Common Stock	36467W109
—	DOW CHEMICAL CO/THE	284,344	$14.63M	1.9%	$48.59	—	Common Stock	260543103
UNM	UNUM GROUP	393,165	$13.67M	1.8%	$30.72	+11.2%	Common Stock	91529Y106
—	STAPLES INC	1,234,190	$13.38M	1.8%	$11.34	—	Common Stock	855030102
VLO	VALERO ENERGY CORP	264,730	$13.26M	1.7%	$25.67	+38.2%	Common Stock	91913Y100
JPM	JPMORGAN CHASE & CO	229,237	$13.21M	1.7%	$38.52	+6.9%	Common Stock	46625H100
MUR	MURPHY OIL CORP	196,590	$13.07M	1.7%	$36.33	+12.3%	Common Stock	626717102
—	CLIFFS NATURAL RESOURCES INC	755,302	$11.37M	1.5%	$20.46	—	Common Stock	18683K101
NAVI	NAVIENT CORP	496,304	$8.789M	1.2%	$16.58	0.0%	Common Stock	63938C108
ECL	ECOLAB INC	63,574	$7.078M	0.9%	$86.44	+9.0%	Common Stock	278865100
XLU	UTILITIES SELECT SECTOR SPDR	157,559	$6.974M	0.9%	$40.94	—	ETP	81369Y886
SHY	ISHARES 1-3 YEAR TREASURY BO	82,132	$6.945M	0.9%	$84.56	—	ETP	464287457
XLY	CONSUMER DISCRETIONARY SELT	101,980	$6.806M	0.9%	$61.91	—	ETP	81369Y407
XLV	HEALTH CARE SELECT SECTOR	111,669	$6.793M	0.9%	$54.49	—	ETP	81369Y209
XLB	MATERIALS SELECT SECTOR SPDR	136,674	$6.784M	0.9%	$44.08	—	ETP	81369Y100
XLI	INDUSTRIAL SELECT SECT SPDR	124,092	$6.708M	0.9%	$48.45	—	ETP	81369Y704
—	ISHARES MSCI JAPAN ETF	554,389	$6.675M	0.9%	$12.04	—	ETP	464286848
XLP	CONSUMER STAPLES SPDR	149,260	$6.66M	0.9%	$42.11	—	ETP	81369Y308
SLM	SLM CORP	492,236	$4.091M	0.5%	$8.73	+0.9%	Common Stock	78442P106
KR	KROGER CO	81,152	$4.011M	0.5%	$15.23	+22.7%	Common Stock	501044101
NOC	NORTHROP GRUMMAN CORP	32,474	$3.885M	0.5%	$62.64	+59.0%	Common Stock	666807102
GHC	GRAHAM HOLDINGS CO-CLASS B	5,243	$3.765M	0.5%	$339.79	+8.3%	Common Stock	384637104
GD	GENERAL DYNAMICS CORP	31,363	$3.655M	0.5%	$80.10	+10.5%	Common Stock	369550108
MRSH	MARSH & MCLENNAN COS	70,455	$3.651M	0.5%	$38.81	+4.4%	Common Stock	571748102
JNJ	JOHNSON & JOHNSON	34,793	$3.64M	0.5%	$63.54	+15.1%	Common Stock	478160104
CTAS	CINTAS CORP	56,694	$3.603M	0.5%	$12.89	+2.4%	Common Stock	172908105
CVS	CVS CAREMARK CORP	47,527	$3.583M	0.5%	$51.11	+7.4%	Common Stock	126650100
FISV	FISERV INC	59,189	$3.571M	0.5%	$28.60	+3.6%	Common Stock	337738108
BDX	BECTON DICKINSON AND CO	30,162	$3.568M	0.5%	$91.42	+3.6%	Common Stock	075887109
HRL	HORMEL FOODS CORP	71,895	$3.548M	0.5%	$15.84	+16.5%	Common Stock	440452100
—	CR BARD INC	24,255	$3.468M	0.5%	$148.00	—	Common Stock	067383109
—	TORCHMARK CORP	42,084	$3.448M	0.5%	$72.35	—	Common Stock	891027104
—	CIGNA CORP	36,903	$3.394M	0.4%	$76.86	—	Common Stock	125509109
HON	HONEYWELL INTERNATIONAL INC	36,326	$3.376M	0.4%	$57.46	+14.3%	Common Stock	438516106
—	ROCKWELL COLLINS INC	42,366	$3.31M	0.4%	$67.87	—	Common Stock	774341101
—	RAYTHEON COMPANY	34,759	$3.206M	0.4%	$98.78	—	Common Stock	755111507
EPI	WISDOMTREE INDIA EARNINGS	134,318	$3.018M	0.4%	$20.10	—	ETP	97717W422
EWZ	ISHARES MSCI BRAZIL CAPPED E	63,128	$3.016M	0.4%	$47.78	—	ETP	464286400
—	ISHARES MSCI TAIWAN ETF	190,439	$3.009M	0.4%	$14.56	—	ETP	464286731
EWW	ISHARES MSCI MEXICO CAPPED	43,593	$2.956M	0.4%	$67.81	—	ETP	464286822
EZA	ISHARES MSCI SOUTH AFRICA ET	42,919	$2.949M	0.4%	$67.14	—	ETP	464286780
EPHE	ISHARES MSCI PHILIPPINES ETF	79,821	$2.94M	0.4%	$36.83	—	ETP	46429B408
EPU	ISHARES MSCI ALL PERU CAPPED	82,629	$2.939M	0.4%	$35.57	—	ETP	464289842
FXI	ISHARES CHINA LARGE-CAP ETF	79,231	$2.935M	0.4%	$36.04	—	ETP	464287184
—	ISHARES MSCI MALAYSIA ETF	182,603	$2.9M	0.4%	$15.84	—	ETP	464286830
EWY	ISHARES MSCI SOUTH KOREA CAP	44,522	$2.895M	0.4%	$63.04	—	ETP	464286772
—	GLOBAL X FTSE GREECE 20 ETF	126,486	$2.846M	0.4%	$23.63	—	ETP	37950E366
EPOL	ISHARES MSCI POLAND CAPPED E	96,685	$2.838M	0.4%	$29.75	—	ETP	46429B606
TUR	ISHARES MSCI TURKEY ETF	50,909	$2.829M	0.4%	$55.57	—	ETP	464286715
EIDO	ISHARES MSCI INDONESIA ETF	106,130	$2.8M	0.4%	$26.38	—	ETP	46429B309
THD	ISHARES MSCI THAILAND CAPPED	35,440	$2.736M	0.4%	$77.20	—	ETP	464286624
XLE	ENERGY SELECT SECTOR SPDR	25,513	$2.554M	0.3%	$78.94	—	ETP	81369Y506
XLF	FINANCIAL SELECT SECTOR SPDR	109,019	$2.479M	0.3%	$19.47	—	ETP	81369Y605
EWP	ISHARES MSCI SPAIN CAPPED ET	50,395	$2.158M	0.3%	$42.82	—	ETP	464286764
—	ISHARES MSCI UNITED KINGDOM	102,742	$2.145M	0.3%	$20.88	—	ETP	464286699
EWN	ISHARES MSCI NETHERLANDS ETF	83,613	$2.14M	0.3%	$25.59	—	ETP	464286814
EWO	ISHARES MSCI AUSTRIA CAPPED	108,900	$2.132M	0.3%	$19.58	—	ETP	464286202
—	ISHARES MSCI ITALY CAPPED ET	122,057	$2.121M	0.3%	$17.38	—	ETP	464286855
EWL	ISHARES MSCI SWITZERLAND CAP	61,737	$2.119M	0.3%	$34.32	—	ETP	464286749
EWG	ISHARES MSCI GERMANY ETF	67,548	$2.113M	0.3%	$31.28	—	ETP	464286806
EWQ	ISHARES MSCI FRANCE ETF	71,936	$2.097M	0.3%	$29.15	—	ETP	464286707
EWD	ISHARES MSCI SWEDEN ETF	59,167	$2.087M	0.3%	$35.27	—	ETP	464286756
—	BLACKHAWK NETWORK HD-B	75,804	$2.035M	0.3%	$26.85	—	Common Stock	09238E203
—	AMERICAN EQUITY INVT LIFE HL	79,867	$1.965M	0.3%	$24.95	—	Common Stock	025676206
CNO	CNO FINANCIAL GROUP INC	99,372	$1.769M	0.2%	$9.34	+43.6%	Common Stock	12621E103
ANDE	ANDERSONS INC/THE	31,610	$1.63M	0.2%	$43.30	+0.3%	Common Stock	034164103
—	AMTRUST FINANCIAL SERVICES	38,382	$1.605M	0.2%	$35.40	—	Common Stock	032359309
—	MDC HOLDINGS INC	51,450	$1.558M	0.2%	$30.07	—	Common Stock	552676108
UVV	UNIVERSAL CORP/VA	27,591	$1.527M	0.2%	$53.40	+2.0%	Common Stock	913456109
UGA	UNITED STATES GAS FUND LP	20,931	$1.319M	0.2%	$63.02	—	ETP	91201T102
—	UNITED STATES OIL FUND LP	33,886	$1.317M	0.2%	$38.87	—	ETP	91232N108
—	US NATURAL GAS FUND LP	50,669	$1.246M	0.2%	$24.59	—	ETP	912318201
SOYB	TEUCRIUM SOYBEAN FUND	49,974	$1.195M	0.2%	$23.91	—	ETP	88166A607
—	UNITED STATES DIESEL-HEATING	35,221	$1.185M	0.2%	$33.64	—	ETP	911783108
—	SANDERSON FARMS INC	9,378	$912K	0.1%	$78.53	—	Common Stock	800013104
GPI	GROUP 1 AUTOMOTIVE INC	10,812	$912K	0.1%	$65.11	+14.7%	Common Stock	398905109
—	MARKET VECTORS RUSSIA ETF	31,605	$832K	0.1%	$26.32	—	ETP	57060U506
DAN	DANA HOLDING CORP	32,163	$785K	0.1%	$16.18	+10.6%	Common Stock	235825205
—	APOLLO INVESTMENT CORP	89,194	$768K	0.1%	$8.31	—	Common Stock	03761U106
KALU	KAISER ALUMINUM CORP	10,263	$748K	0.1%	$43.53	+13.9%	Common Stock	483007704
—	TAL INTERNATIONAL GROUP INC	16,053	$712K	0.1%	$55.87	—	Common Stock	874083108
UPBD	RENT-A-CENTER INC	20,291	$582K	0.1%	$33.96	-16.7%	Common Stock	76009N100
—	ICONIX BRAND GROUP INC	9,350	$401K	0.1%	$39.50	—	Common Stock	451055107
TRGP	TARGA RESOURCES CORP	1,852	$258K	0.0%	$53.96	+23.7%	Common Stock	87612G101
CW	CURTISS-WRIGHT CORP	2,963	$194K	0.0%	$59.36	+3.9%	Common Stock	231561101
—	ANIXTER INTERNATIONAL INC	1,910	$191K	0.0%	$89.92	—	Common Stock	035290105
—	BOFI HOLDING INC	2,454	$180K	0.0%	$78.55	—	Common Stock	05566U108
—	BANCORPSOUTH INC	7,245	$178K	0.0%	$25.01	—	Common Stock	059692103
JACK	JACK IN THE BOX INC	2,950	$177K	0.0%	$54.49	+5.2%	Common Stock	466367109
—	BANK OF THE OZARKS	5,298	$177K	0.0%	$55.95	—	Common Stock	063904106
TYL	TYLER TECHNOLOGIES INC	1,818	$166K	0.0%	$65.63	+23.6%	Common Stock	902252105
—	PAREXEL INTERNATIONAL CORP	3,113	$164K	0.0%	$45.21	—	Common Stock	699462107
HEI	HEICO CORP	3,072	$160K	0.0%	$28.15	-0.2%	Common Stock	422806109
MANH	MANHATTAN ASSOCIATES INC	4,526	$156K	0.0%	$34.82	-5.2%	Common Stock	562750109
CSGP	COSTAR GROUP INC	923	$146K	0.0%	$17.69	-8.4%	Common Stock	22160N109
PZZA	PAPA JOHN'S INTL INC	3,375	$143K	0.0%	$39.14	-9.8%	Common Stock	698813102
—	FINANCIAL ENGINES INC	2,775	$126K	0.0%	$69.56	—	Common Stock	317485100
TRV	TRAVELERS COS INC/THE	894	$84,000	0.0%	$64.62	+9.1%	Common Stock	89417E109