Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ETR	Entergy Corp	132,400	$9.226M	3.4%	$20.57	0.0%	COM	29364G103
—	Bunge Limited	118,600	$8.393M	3.1%	$70.77	—	COM	G16962105
—	CNH Global N.V.	191,200	$7.965M	3.0%	$41.66	—	COM	N20935206
AVT	Avnet Inc	231,100	$7.765M	2.9%	$25.70	0.0%	COM	053807103
ARW	Arrow Electronics Inc	188,600	$7.516M	2.8%	$38.94	0.0%	COM	042735100
—	Gannett Co. Inc.	299,600	$7.328M	2.7%	$24.46	—	COM	364730101
—	L-3 Communications	77,700	$6.662M	2.5%	$85.74	—	COM	502424104
—	TRW Automotive Hldgs Corp.	96,000	$6.378M	2.4%	$66.44	—	COM	87264S106
COR	AmerisourceBergen Corp	109,400	$6.108M	2.3%	$38.92	0.0%	COM	03073E105
RGA	Reinsurance Group of America	76,400	$5.28M	2.0%	$63.27	0.0%	COM	759351604
LEA	Lear Corporation	83,900	$5.073M	1.9%	$46.85	0.0%	COM	521865204
TAP	Molson Coors Brewing Co.	104,600	$5.006M	1.9%	$37.25	0.0%	COM	60871R209
TSN	Tyson Foods Inc	174,700	$4.486M	1.7%	$18.99	0.0%	COM	902494103
GPC	Genuine Parts Company	57,100	$4.458M	1.7%	$54.12	0.0%	COM	372460105
AXS	Axis Capital Holdings Ltd	96,300	$4.409M	1.6%	$31.36	0.0%	COM	G0692U109
—	CIGNA Corporation	58,200	$4.219M	1.6%	$72.49	—	COM	125509109
—	American Capital, Ltd.	317,200	$4.019M	1.5%	$12.67	—	COM	02503Y103
—	Leucadia National Corp.	152,200	$3.991M	1.5%	$26.22	—	COM	527288104
—	Allied World Assurance Co.	42,800	$3.917M	1.5%	$91.52	—	COM	H01531104
LNC	Lincoln National Corp	107,300	$3.913M	1.5%	$22.50	0.0%	COM	534187109
HCA	HCA Holdings Inc.	105,900	$3.819M	1.4%	$35.96	0.0%	COM	40412C101
—	HealthSouth Corporation	132,500	$3.816M	1.4%	$28.80	—	COM	421924309
AN	AutoNation Inc.	83,600	$3.627M	1.4%	$44.63	0.0%	COM	05329W102
FRCB	First Republic Bank	92,400	$3.556M	1.3%	$35.36	0.0%	COM	33616C100
—	Ingram Micro Inc.	180,200	$3.422M	1.3%	$18.99	—	COM	457153104
CVX	Chevron Corp	28,100	$3.325M	1.2%	$71.30	0.0%	COM	166764100
PFG	Principal Financial Group	87,300	$3.269M	1.2%	$23.49	0.0%	COM	74251V102
—	Towers Watson & Co Cl A	39,500	$3.237M	1.2%	$81.95	—	COM	891894107
TKR	Timken Company	55,800	$3.14M	1.2%	$39.57	0.0%	COM	887389104
RNR	Renaissance Re Hldgs	33,300	$2.89M	1.1%	$88.61	0.0%	COM	G7496G103
SLM	SLM Corporation	122,700	$2.805M	1.0%	$7.81	0.0%	COM	78442P106
—	Discovery Communications A	35,700	$2.757M	1.0%	$77.23	—	COM	25470F104
ACGL	Arch Capital Group Ltd.	52,800	$2.714M	1.0%	$16.55	0.0%	COM	G0450A105
—	PartnerRe Ltd.	29,700	$2.69M	1.0%	$90.57	—	COM	G6852T105
DDS	Dillards Inc cl A	32,800	$2.689M	1.0%	$62.60	0.0%	COM	254067101
JPM	JPMorgan Chase & Co	50,500	$2.666M	1.0%	$36.24	0.0%	COM	46625H100
ARCC	Ares Capital Corp	151,500	$2.606M	1.0%	$5.23	0.0%	COM	04010L103
—	Diamond Offshore Drilling Inc.	36,800	$2.531M	0.9%	$68.78	—	COM	25271C102
AFG	American Financial Group	50,200	$2.455M	0.9%	$21.06	0.0%	COM	025932104
AIZ	Assurant Inc.	47,900	$2.439M	0.9%	$37.94	0.0%	COM	04621X108
OSK	Oshkosh Corporation	58,800	$2.233M	0.8%	$31.79	0.0%	COM	688239201
—	Six Flags Entertainment Corp.	60,800	$2.138M	0.8%	$35.16	—	COM	83001A102
—	DISH Network Corp Cl A	49,200	$2.092M	0.8%	$42.52	—	COM	25470M109
INGR	Ingredion Incorporated	31,100	$2.041M	0.8%	$70.28	0.0%	COM	457187102
WMT	Wal-Mart Stores, Inc.	27,100	$2.019M	0.8%	$19.98	0.0%	COM	931142103
JBL	Jabil Circuit Inc.	98,000	$1.997M	0.7%	$16.76	0.0%	COM	466313103
—	Exelis Inc.	142,600	$1.966M	0.7%	$13.79	—	COM	30162A108
—	Domtar Corp.	29,100	$1.935M	0.7%	$66.49	—	COM	257559203
—	Reynolds American Inc	39,900	$1.93M	0.7%	$48.37	—	COM	761713106
—	US Airways Group, Inc.	117,100	$1.923M	0.7%	$16.42	—	COM	90341W108
L	Loews Corp	41,900	$1.86M	0.7%	$42.08	0.0%	COM	540424108
—	WellPoint, Inc.	22,600	$1.85M	0.7%	$81.86	—	COM	94973V107
—	Tech Data Corporation	39,200	$1.846M	0.7%	$47.09	—	COM	878237106
—	PetSmart Inc.	26,300	$1.762M	0.7%	$67.00	—	COM	716768106
MTB	M&T Bank Corp.	15,500	$1.732M	0.6%	$72.91	0.0%	COM	55261F104
—	Xerox Corporation	190,100	$1.724M	0.6%	$9.07	—	COM	984121103
JLL	Jones Lang LaSalle Inc	18,800	$1.713M	0.6%	$90.65	0.0%	COM	48020Q107
NOC	Northrop Grumman Corp	20,400	$1.689M	0.6%	$62.64	0.0%	COM	666807102
LYB	LyondellBasell Industries cl A	24,900	$1.65M	0.6%	$33.34	0.0%	COM	N53745100
CAR	Avis Budget Group, Inc.	54,100	$1.555M	0.6%	$28.57	0.0%	COM	053774105
CAH	Cardinal Health Inc.	32,700	$1.543M	0.6%	$32.61	0.0%	COM	14149Y108
KR	Kroger Company	44,200	$1.527M	0.6%	$13.44	0.0%	COM	501044101
GLW	Corning Inc.	104,200	$1.483M	0.6%	$10.49	0.0%	COM	219350105
AIG	American Intl Group, Inc.	33,100	$1.48M	0.6%	$32.51	0.0%	COM	026874784
AFL	AFLAC Inc.	25,300	$1.47M	0.5%	$20.11	0.0%	COM	001055102
PBI	Pitney Bowes Inc.	99,400	$1.459M	0.5%	$14.77	0.0%	COM	724479100
COP	ConocoPhillips	23,800	$1.44M	0.5%	$39.96	0.0%	COM	20825C104
—	ACE Limited	15,700	$1.405M	0.5%	$89.49	—	COM	H0023R105
BPOP	Popular Inc.	46,100	$1.4M	0.5%	$21.82	0.0%	COM	733174700
CPA	Copa Holdings cl A	10,600	$1.39M	0.5%	$87.82	0.0%	COM	P31076105
FITB	Fifth Third Bancorp	76,700	$1.384M	0.5%	$11.47	0.0%	COM	316773100
—	Chubb Corp	15,000	$1.27M	0.5%	$84.67	—	COM	171232101
—	Safeway Inc.	53,600	$1.268M	0.5%	$23.66	—	COM	786514208
AVY	Avery Dennison Corp.	29,500	$1.261M	0.5%	$33.15	0.0%	COM	053611109
F	Ford Motor Company	79,500	$1.23M	0.5%	$7.61	0.0%	COM	345370860
XOM	Exxon Mobil Corporation	13,600	$1.229M	0.5%	$53.69	0.0%	COM	30231G102
—	Scana Corporation	24,900	$1.223M	0.5%	$49.12	—	COM	80589M102
SNA	Snap-On Inc.	13,200	$1.18M	0.4%	$66.38	0.0%	COM	833034101
GD	General Dynamics Corp.	15,000	$1.175M	0.4%	$56.44	0.0%	COM	369550108
—	Starz Series A Liberty Capital	52,400	$1.158M	0.4%	$22.10	—	COM	85571Q102
WLY	John Wiley & Sons cl A	28,600	$1.147M	0.4%	$27.09	0.0%	COM	968223206
CNA	CNA Financial Corporation	34,900	$1.138M	0.4%	$13.70	0.0%	COM	126117100
—	Scripps Networks Interact.	16,800	$1.122M	0.4%	$66.79	—	COM	811065101
—	Protective Life Corp.	29,000	$1.114M	0.4%	$38.41	—	COM	743674103
XEL	Xcel Energy Inc	39,200	$1.111M	0.4%	$19.78	0.0%	COM	98389B100
BEN	Franklin Resources, Inc.	8,100	$1.102M	0.4%	$30.23	0.0%	COM	354613101
AWK	American Water Works	25,700	$1.06M	0.4%	$31.82	0.0%	COM	030420103
SRE	Sempra Energy	11,800	$965K	0.4%	$27.60	0.0%	COM	816851109
AMP	Ameriprise Financial, Inc.	11,600	$938K	0.3%	$59.57	0.0%	COM	03076C106
PSX	Phillips 66	13,800	$813K	0.3%	$40.44	0.0%	COM	718546104
—	Foot Locker Inc	22,400	$787K	0.3%	$35.13	—	COM	344849104
LNT	Alliant Energy Corp.	15,600	$787K	0.3%	$16.89	0.0%	COM	018802108
ADM	Archer Daniels Midland	22,100	$749K	0.3%	$23.37	0.0%	COM	039483102
—	Hubbell Inc cl B	7,100	$703K	0.3%	$99.01	—	COM	443510201
MCK	McKesson Corp	6,100	$698K	0.3%	$101.46	0.0%	COM	58155Q103
—	Raytheon Company	10,400	$688K	0.3%	$66.15	—	COM	755111507
—	Steelcase Inc cl A	47,200	$688K	0.3%	$14.58	—	COM	858155203
DTE	DTE Energy Company	10,200	$684K	0.3%	$38.29	0.0%	COM	233331107
NUS	Nu Skin Enterprises Inc.	10,300	$630K	0.2%	$37.42	0.0%	COM	67018T105
THC	Tenet Healthcare Corp	13,200	$609K	0.2%	$44.77	0.0%	COM	88033G407
UHS	Universal Health Services	9,100	$609K	0.2%	$62.83	0.0%	COM	913903100
CCL	Carnival Corp	17,400	$597K	0.2%	$27.66	0.0%	COM	143658300
—	Alleghany Corp	1,500	$575K	0.2%	$383.33	—	COM	017175100
—	Discover Financial Services	11,900	$567K	0.2%	$47.65	—	COM	254709108
—	CA, Inc.	18,500	$529K	0.2%	$28.59	—	COM	12673P105
—	Jacobs Engineering Group	8,900	$491K	0.2%	$55.17	—	COM	469814107
HRL	Hormel Foods Corp	12,400	$478K	0.2%	$15.25	0.0%	COM	440452100
—	New York Cmnty Bancorp	33,300	$466K	0.2%	$13.99	—	COM	649445103
BOKF	BOK Financial Corp.	7,200	$461K	0.2%	$46.03	0.0%	COM	05561Q201
CVI	CVR Energy, Inc.	9,600	$455K	0.2%	$18.37	0.0%	COM	12662P108
CBT	Cabot Corporation	11,700	$438K	0.2%	$27.67	0.0%	COM	127055101
SCCO	Southern Copper Corp.	13,500	$373K	0.1%	$20.45	0.0%	COM	84265V105
CE	Celanese Corp.	8,000	$358K	0.1%	$37.17	0.0%	COM	150870103
CPB	Campbell Soup Company	7,000	$314K	0.1%	$30.86	0.0%	COM	134429109
INTC	Intel Corporation	12,900	$313K	0.1%	$17.18	0.0%	COM	458140100
—	Hanesbrands, Inc.	6,000	$309K	0.1%	$51.50	—	COM	410345102
—	General Electric Co	12,700	$295K	0.1%	$23.23	—	COM	369604103
EG	Everest Re Group Ltd	2,100	$269K	0.1%	$99.45	0.0%	COM	G3223R108
M	Macy's Inc.	5,400	$259K	0.1%	$46.44	0.0%	COM	55616P104
—	Harris Corporation	5,000	$246K	0.1%	$49.20	—	COM	413875105
—	Tesoro Corp	4,600	$241K	0.1%	$52.39	—	COM	881609101
—	Washington Post cl B	300	$145K	0.1%	$483.33	—	COM	939640108
CYH	Community Health Systems	2,800	$131K	0.0%	$37.66	0.0%	COM	203668108
PEG	Public Service Enterprise Grp	3,800	$124K	0.0%	$21.73	0.0%	COM	744573106
VSH	Vishay Intertechnology Inc.	7,700	$107K	0.0%	$10.89	0.0%	COM	928298108
CSL	Carlisle Companies Inc.	1,700	$106K	0.0%	$55.89	0.0%	COM	142339100
AAP	Advance Auto Parts Inc	1,000	$81,000	0.0%	$72.11	0.0%	COM	00751Y106
—	TD Ameritrade Hldg Corp	2,800	$68,000	0.0%	$24.29	—	COM	87236Y108
BDX	Becton Dickinson & Co.	600	$59,000	0.0%	$78.11	0.0%	COM	075887109
—	AmTrust Financial Services	72	$3,000	0.0%	$41.67	—	COM	032359309
—	Igate Corporation	164	$3,000	0.0%	$18.29	—	COM	45169U105
—	Sanmina Corp	175	$3,000	0.0%	$17.14	—	COM	800907206
—	Symetra Financial Corp	174	$3,000	0.0%	$17.24	—	COM	87151Q106
SNX	Synnex Corp	62	$3,000	0.0%	$16.65	0.0%	COM	87162W100
EIG	Employers Holdings, Inc.	65	$2,000	0.0%	$17.54	0.0%	COM	292218104
USNA	USANA Health Sciences, Inc.	34	$2,000	0.0%	$30.39	0.0%	COM	90328M107
—	Taylor Capital Group Inc	96	$2,000	0.0%	$20.83	—	COM	876851106
—	United Stationers, Inc.	49	$2,000	0.0%	$40.82	—	COM	913004107
—	TeleTech Holdings Inc	66	$2,000	0.0%	$30.30	—	COM	879939106
CALM	Cal-Maine Foods Inc.	42	$2,000	0.0%	$15.20	0.0%	COM	128030202
—	Cubic Corporation	49	$2,000	0.0%	$40.82	—	COM	229669106
EZPW	EZCORP Inc.	123	$2,000	0.0%	$18.73	0.0%	COM	302301106
SCSC	ScanSource, Inc.	57	$2,000	0.0%	$30.32	0.0%	COM	806037107
SEM	Select Medical Holdings Corp	275	$2,000	0.0%	$3.81	0.0%	COM	81619Q105
FIBK	First Interstate BancSystem A	75	$2,000	0.0%	$11.61	0.0%	COM	32055Y201
—	Spansion Inc. cl A	140	$2,000	0.0%	$14.29	—	COM	84649R200
SCL	Stepan Company	35	$2,000	0.0%	$56.48	0.0%	COM	858586100
—	Sterling Financial Corp. WA	93	$2,000	0.0%	$21.51	—	COM	859319105
UVV	Universal Corporation	39	$2,000	0.0%	$58.13	0.0%	COM	913456109
—	Arlington Asset Investmnt Corp	82	$2,000	0.0%	$24.39	—	COM	041356205
—	Vonage Holdings Corp.	863	$2,000	0.0%	$2.32	—	COM	92886T201
AMKR	Amkor Technology Inc	507	$2,000	0.0%	$3.93	0.0%	COM	031652100
—	Wesco Aircraft Hldgs	124	$2,000	0.0%	$16.13	—	COM	950814103
—	Amer. Cpl Mtg Inv Corp	104	$2,000	0.0%	$19.23	—	COM	02504A104
NMFC	New Mountain Finance Corp	155	$2,000	0.0%	$3.91	0.0%	COM	647551100
IBOC	International Bancshares	74	$2,000	0.0%	$14.96	0.0%	COM	459044103
IPAR	Inter Parfums, Inc.	65	$2,000	0.0%	$29.09	0.0%	COM	458334109
KELYA	Kelly Services cl A	104	$2,000	0.0%	$14.88	0.0%	COM	488152208
NSIT	Insight Enterprises, Inc.	120	$2,000	0.0%	$18.64	0.0%	COM	45765U103
HMN	Horace Mann Educators	85	$2,000	0.0%	$23.24	0.0%	COM	440327104
MCHB	Homestreet Inc	87	$2,000	0.0%	$22.03	0.0%	COM	43785V102
—	Renewable Energy Grp Inc	147	$2,000	0.0%	$13.61	—	COM	75972A301
—	ManTech International A	84	$2,000	0.0%	$23.81	—	COM	564563104
MATW	Matthews International Corp	54	$2,000	0.0%	$27.75	0.0%	COM	577128101
NXST	Nexstar Broadcasting Grp	61	$2,000	0.0%	$19.49	0.0%	COM	65336K103
IRDM	Iridium Communications Inc	206	$2,000	0.0%	$7.03	0.0%	COM	46269C102
STBA	S&T Bancorp Inc.	41	$1,000	0.0%	$18.87	0.0%	COM	783859101
—	GAIN Capital Holdings, Inc.	92	$1,000	0.0%	$10.87	—	COM	36268W100
GAMI	GAMCO Investors, Inc.	13	$1,000	0.0%	$20.86	0.0%	COM	361438104
—	Harbinger Group Inc.	170	$1,000	0.0%	$5.88	—	COM	41146A106
IDT	IDT Corp Class B	36	$1,000	0.0%	$9.77	0.0%	COM	448947507
—	Journal Communications Inc.	172	$1,000	0.0%	$5.81	—	COM	481130102
—	Libbey Inc.	37	$1,000	0.0%	$27.03	—	COM	529898108
MRTN	Marten Transport, Ltd.	60	$1,000	0.0%	$4.79	0.0%	COM	573075108
MLI	Mueller Industries, Inc.	23	$1,000	0.0%	$10.20	0.0%	COM	624756102
NC	NACCO Industries Inc A	22	$1,000	0.0%	$9.41	0.0%	COM	629579103
—	Navigators Group Inc	13	$1,000	0.0%	$76.92	—	COM	638904102
NNI	Nelnet Inc	36	$1,000	0.0%	$35.78	0.0%	COM	64031N108
PRK	Park National Corp OH	10	$1,000	0.0%	$68.98	0.0%	COM	700658107
PKOH	Park-Ohio Holdings Co	27	$1,000	0.0%	$28.99	0.0%	COM	700666100
PLPC	Preformed Line Products	9	$1,000	0.0%	$72.70	0.0%	COM	740444104
—	Superior Industries Int'l	58	$1,000	0.0%	$17.24	—	COM	868168105
EBF	Ennis Inc	30	$1,000	0.0%	$7.32	0.0%	COM	293389102
EPAM	EPAM Systems Inc	43	$1,000	0.0%	$23.63	0.0%	COM	29414B104
SSP	E.W. Scripps cl A	93	$1,000	0.0%	$9.20	0.0%	COM	811054402
—	FBL Financial Group cl A	16	$1,000	0.0%	$62.50	—	COM	30239F106
AGM	Federal Agricultural Mortgage	21	$1,000	0.0%	$20.93	0.0%	COM	313148306
SALM	Salem Communications Cl A	82	$1,000	0.0%	$8.12	0.0%	COM	794093104
CTBI	Community Trust Bancorp	17	$1,000	0.0%	$19.87	0.0%	COM	204149108
—	Coleman Cable Inc.	38	$1,000	0.0%	$26.32	—	COM	193459302
COKE	Coca-Cola Bottling Cl A	10	$1,000	0.0%	$5.51	0.0%	COM	191098102
SAH	Sonic Automotive, Inc.	51	$1,000	0.0%	$22.22	0.0%	COM	83545G102
SXI	Standex Intl Corp.	18	$1,000	0.0%	$52.47	0.0%	COM	854231107
SRI	Stoneridge, Inc.	44	$1,000	0.0%	$9.26	0.0%	COM	86183P102
—	Capella Education Co.	21	$1,000	0.0%	$47.62	—	COM	139594105
—	USA Mobility, Inc	61	$1,000	0.0%	$16.39	—	COM	90341G103
—	Universal American Corp.	137	$1,000	0.0%	$7.30	—	COM	91338E101
DCH	American Axle & Manufacturing	36	$1,000	0.0%	$15.63	0.0%	COM	024061103
AZTA	Brooks Automation Inc	139	$1,000	0.0%	$8.27	0.0%	COM	114340102
—	VOXX International Corp cl A	75	$1,000	0.0%	$13.33	—	COM	91829F104
—	Bridgepoint Education, Inc.	121	$1,000	0.0%	$8.26	—	COM	10807M105
WMK	Weis Markets Inc.	13	$1,000	0.0%	$31.18	0.0%	COM	948849104
WSBC	WesBanco Inc.	38	$1,000	0.0%	$24.67	0.0%	COM	950810101
—	World Wrestling Entertainment	84	$1,000	0.0%	$11.90	—	COM	98156Q108
—	Air Transport Services Grp	142	$1,000	0.0%	$7.04	—	COM	00922R105
BANF	BancFirst Corp OK	8	$0	0.0%	$16.45	0.0%	COM	05945F103
SRCE	1st Source Corporation	17	$0	0.0%	—	—	COM	336901103
BSET	Bassett Furniture Industries	19	$0	0.0%	$8.53	0.0%	COM	070203104
CULP	Culp Inc.	20	$0	0.0%	$13.23	0.0%	COM	230215105
—	Entercom Communications	50	$0	0.0%	—	—	COM	293639100
—	S.Y. Bancorp, Inc	13	$0	0.0%	—	—	COM	785060104
—	TMS International Corp. Cl A	31	$0	0.0%	—	—	COM	87261Q103
—	National Western Life Insuranc	2	$0	0.0%	—	—	COM	638522102
NHC	National Healthcare Corp	7	$0	0.0%	$46.69	0.0%	COM	635906100
—	Meadowbrook Insurance	60	$0	0.0%	—	—	COM	58319P108
IMKTA	Ingles Markets cl A	16	$0	0.0%	$18.15	0.0%	COM	457030104
—	Heartland Financial USA	14	$0	0.0%	—	—	COM	42234Q102
RBCAA	Republic Bancorp KY	17	$0	0.0%	$22.46	0.0%	COM	760281204
—	Hawaiian Telcom Holdco, Inc.	13	$0	0.0%	—	—	COM	420031106
GSBC	Great Southern Bancorp	16	$0	0.0%	$25.95	0.0%	COM	390905107