The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGCO CORP COM 1084102 1,412 28,638 SH   SOLE 1 28,638 0 0
AIRCASTLE LTD COM G0129K104 1,430 72,008 SH   SOLE 1 72,008 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 1,523 28,747 SH   SOLE 1 28,747 0 0
ALCOA INC COM 13817101 2,222 219,166 SH   SOLE 1 219,166 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 1,153 28,515 SH   SOLE 1 28,515 0 0
AMERIGAS PARTNERS L P UNIT L P INT 30975106 1,877 41,101 SH   SOLE 1 41,101 0 0
AMGEN INC COM 31162100 1,676 10,050 SH   SOLE 1 10,050 0 0
BB&T CORP COM 54937107 2,637 69,905 SH   SOLE 1 69,905 0 0
BORGWARNER INC COM 99724106 1,142 32,462 SH   SOLE 1 32,462 0 0
BUNGE LIMITED COM G16962105 503 8,489 SH   SOLE 1 8,489 0 0
CARDINAL HEALTH INC COM 14149Y108 1,534 19,740 SH   SOLE 1 19,740 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 1,581 27,605 SH   SOLE 1 27,605 0 0
CHEVRON CORP COM NEW 166764100 1,211 11,765 SH   SOLE 1 11,765 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,001 35,705 SH   SOLE 1 35,705 0 0
CINCINNATI FINL CORP COM 172062101 333 4,414 SH   SOLE 1 4,414 0 0
CINEMARK HOLDINGS INC COM 17243V102 1,862 48,644 SH   SOLE 1 48,644 0 0
CME GROUP INC COM 12572Q105 1,264 12,098 SH   SOLE 1 12,098 0 0
CNA FINL CORP COM 126117100 486 14,114 SH   SOLE 1 14,114 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 1,489 47,407 SH   SOLE 1 47,407 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,686 22,879 SH   SOLE 1 22,879 0 0
COOPER TIRE & RUBR CO COM 216831107 1,225 32,229 SH   SOLE 1 32,229 0 0
COPA HOLDINGS SA CL A P31076105 2,704 30,757 SH   SOLE 1 30,757 0 0
CORNING INC COM 219350105 2,511 106,192 SH   SOLE 1 106,192 0 0
CREE INC COM 225447101 1,941 75,448 SH   SOLE 1 75,448 0 0
CSG SYS INTL INC COM 126349109 760 18,394 SH   SOLE 1 18,394 0 0
DEVRY ED GROUP INC COM 251893103 2,030 88,018 SH   SOLE 1 88,018 0 0
DINEEQUITY INC COM 254423106 516 6,522 SH   SOLE 1 6,522 0 0
DOMTAR CORP COM NEW 257559203 1,552 41,800 SH   SOLE 1 41,800 0 0
DONALDSON INC COM 257651109 702 18,802 SH   SOLE 1 18,802 0 0
EMERSON ELEC CO COM 291011104 1,690 30,997 SH   SOLE 1 30,997 0 0
EXXON MOBIL CORP COM 30231G102 1,711 19,598 SH   SOLE 1 19,598 0 0
F M C CORP COM NEW 302491303 1,905 39,401 SH   SOLE 1 39,401 0 0
FASTENAL CO COM 311900104 2,514 60,183 SH   SOLE 1 60,183 0 0
FMC TECHNOLOGIES INC COM 30249U101 1,939 65,359 SH   SOLE 1 65,359 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 585 48,434 SH   SOLE 1 48,434 0 0
GENTEX CORP COM 371901109 1,878 106,948 SH   SOLE 1 106,948 0 0
GEO GROUP INC NEW COM 36162J106 707 29,746 SH   SOLE 1 29,746 0 0
GERDAU S A SPON ADR REP PFD 373737105 1,231 452,717 SH   SOLE 1 452,717 0 0
INTEL CORP COM 458140100 1,727 45,738 SH   SOLE 1 45,738 0 0
INTERPUBLIC GROUP COS INC COM 460690100 523 23,408 SH   SOLE 1 23,408 0 0
IRON MTN INC NEW COM 46284V101 3,338 88,940 SH   SOLE 1 88,940 0 0
ITRON INC COM 465741106 1,234 22,134 SH   SOLE 1 22,134 0 0
JABIL CIRCUIT INC COM 466313103 1,870 85,688 SH   SOLE 1 85,688 0 0
JOHNSON CTLS INTL PLC G51502105 1,662 35,716 SH   SOLE 1 35,716 0 0
JUNIPER NETWORKS INC COM 48203R104 2,701 112,281 SH   SOLE 1 112,281 0 0
KIMBERLY CLARK CORP COM 494368103 705 5,587 SH   SOLE 1 5,587 0 0
LEAR CORP COM NEW 521865204 1,483 12,234 SH   SOLE 1 12,234 0 0
LIONS GATE ENTMNT CORP COM NEW 535919203 1,869 93,479 SH   SOLE 1 93,479 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 522 6,474 SH   SOLE 1 6,474 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,504 21,268 SH   SOLE 1 21,268 0 0
MATTEL INC COM 577081102 1,506 49,720 SH   SOLE 1 49,720 0 0
MCDERMOTT INTL INC COM 580037109 1,500 299,321 SH   SOLE 1 299,321 0 0
METLIFE INC COM 59156R108 1,365 30,730 SH   SOLE 1 30,730 0 0
MICROSOFT CORP COM 594918104 3,501 60,775 SH   SOLE 1 60,775 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 2,387 31,296 SH   SOLE 1 31,296 0 0
MSC INDL DIRECT INC CL A 553530106 1,218 16,590 SH   SOLE 1 16,590 0 0
NATIONAL CINEMEDIA INC COM 635309107 726 49,332 SH   SOLE 1 49,332 0 0
NATIONAL FUEL GAS CO N J COM 636180101 1,755 32,452 SH   SOLE 1 32,452 0 0
NEW YORK TIMES CO CL A 650111107 2,081 174,111 SH   SOLE 1 174,111 0 0
NORTHERN TR CORP COM 665859104 1,601 23,548 SH   SOLE 1 23,548 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,172 80,862 SH   SOLE 1 80,862 0 0
NVIDIA CORP COM 67066G104 217 3,171 SH   SOLE 1 3,171 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,963 26,924 SH   SOLE 1 26,924 0 0
OFFICE DEPOT INC COM 676220106 1,547 433,434 SH   SOLE 1 433,434 0 0
OMNICOM GROUP INC COM 681919106 2,963 34,857 SH   SOLE 1 34,857 0 0
OWENS & MINOR INC NEW COM 690732102 1,498 43,124 SH   SOLE 1 43,124 0 0
PARKER HANNIFIN CORP COM 701094104 1,515 12,067 SH   SOLE 1 12,067 0 0
PEPSICO INC COM 713448108 1,033 9,500 SH   SOLE 1 9,500 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,183 35,327 SH   SOLE 1 35,327 0 0
POLARIS INDS INC COM 731068102 914 11,807 SH   SOLE 1 11,807 0 0
PRAXAIR INC COM 74005P104 2,118 17,527 SH   SOLE 1 17,527 0 0
PROSHARES TR PSHS LC COR PLUS COM 74347R248 8,937 169,260 SH   DFND 1 0 169,260 0
QUALCOMM INC COM 747525103 1,379 20,135 SH   SOLE 1 20,135 0 0
QUEST DIAGNOSTICS INC COM 74834L100 1,271 15,021 SH   SOLE 1 15,021 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 1,069 18,364 SH   SOLE 1 18,364 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,504 59,713 SH   SOLE 1 59,713 0 0
SCHOLASTIC CORP COM 807066105 1,052 26,719 SH   SOLE 1 26,719 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 1,231 28,185 SH   SOLE 1 28,185 0 0
STERICYCLE INC COM 858912108 1,820 22,707 SH   SOLE 1 22,707 0 0
STOCK YDS BANCORP INC COM 861025104 716 21,718 SH   SOLE 1 21,718 0 0
TARGET CORP COM 87612E106 1,987 28,926 SH   SOLE 1 28,926 0 0
TE CONNECTIVITY LTD REG SHS H84989104 1,678 26,066 SH   SOLE 1 26,066 0 0
TEGNA INC COM 87901J105 2,017 92,252 SH   SOLE 1 92,252 0 0
TERADATA CORP DEL COM 88076W103 2,257 72,791 SH   SOLE 1 72,791 0 0
THOMSON REUTERS CORP COM 884903105 1,943 46,964 SH   SOLE 1 46,964 0 0
TIME INC NEW COM 887228104 2,095 144,713 SH   SOLE 1 144,713 0 0
TIME WARNER INC COM NEW 887317303 1,714 21,533 SH   SOLE 1 21,533 0 0
TRANSMONTAIGNE PARTNERS L P COM UNIT L P 89376V100 873 21,161 SH   SOLE 1 21,161 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,030 96,640 SH   SOLE 1 96,640 0 0
UNILEVER PLC SPON ADR NEW 904767704 1,667 35,168 SH   SOLE 1 35,168 0 0
UNION PAC CORP COM 907818108 1,924 19,732 SH   SOLE 1 19,732 0 0
UNISYS CORP COM NEW 909214306 847 86,968 SH   SOLE 1 86,968 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,209 20,199 SH   SOLE 1 20,199 0 0
UNITED STATES STL CORP NEW COM 912909108 1,111 58,932 SH   SOLE 1 58,932 0 0
US BANCORP DEL COM NEW 902973304 2,589 60,371 SH   SOLE 1 60,371 0 0
VARIAN MED SYS INC COM 92220P105 2,197 22,076 SH   SOLE 1 22,076 0 0
VALERO ENERGY CORP NEW COM 91913Y100 481 9,071 SH   SOLE 1 9,071 0 0
VECTREN CORP COM 92240G101 1,208 24,057 SH   SOLE 1 24,057 0 0
VENTAS INC COM 92276F100 1,806 25,566 SH   SOLE 1 25,566 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,853 54,892 SH   SOLE 1 54,892 0 0
WAL-MART STORES INC COM 931142103 2,318 32,147 SH   SOLE 1 32,147 0 0
WELLS FARGO & CO NEW COM 949746101 2,499 56,428 SH   SOLE 1 56,428 0 0
WERNER ENTERPRISES INC COM 950755108 1,116 47,950 SH   SOLE 1 47,950 0 0
WESBANCO INC COM 950810101 690 20,979 SH   SOLE 1 20,979 0 0
WESTERN UN CO COM 959802109 1,815 87,158 SH   SOLE 1 87,158 0 0
WEYERHAEUSER CO COM 962166104 1,502 47,041 SH   SOLE 1 47,041 0 0
WHIRLPOOL CORP COM 963320106 915 5,641 SH   SOLE 1 5,641 0 0