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
ADTALEM GLOBAL ED INC COM ADDED 00737L103 1,248 32,880 SH   SOLE 1 32,880 0 0
AGCO CORP COM 001084102 1,348 19,998 SH   SOLE 1 19,998 0 0
AIRCASTLE LTD COM G0129K104 1,594 73,302 SH   SOLE 1 73,302 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 2,161 43,380 SH   SOLE 1 43,380 0 0
AMERIGAS PARTNERS L P UNIT LP INT 030975106 1,879 41,603 SH   SOLE 1 41,603 0 0
AMGEN INC COM 031162100 1,744 10,125 SH   SOLE 1 10,125 0 0
ARCONIC INC COM 03965L100 1,626 71,785 SH   SOLE 1 71,785 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 1,370 21,193 SH   SOLE 1 21,193 0 0
BB&T CORP COM 054937107 3,238 71,310 SH   SOLE 1 71,310 0 0
BORGWARNER INC COM 099724106 864 20,390 SH   SOLE 1 20,390 0 0
BUNGE LIMITED COM G16962105 894 11,979 SH   SOLE 1 11,979 0 0
CARDINAL HEALTH INC COM 14149Y108 1,558 20,000 SH   SOLE 1 20,000 0 0
CARS COM INC COM ADDED 14575E105 948 35,610 SH   SOLE 1 35,610 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 2,018 27,984 SH   SOLE 1 27,984 0 0
CHEVRON CORP COM NEW 166764100 1,164 11,161 SH   SOLE 1 11,161 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,020 51,698 SH   SOLE 1 51,698 0 0
CINCINNATI FINL CORP COM 172062101 760 10,486 SH   SOLE 1 10,486 0 0
CINEMARK HOLDINGS INC COM 17243V102 1,922 49,482 SH   SOLE 1 49,482 0 0
CNA FINL CORP COM 126117100 707 14,504 SH   SOLE 1 14,504 0 0
COMPASS MINERALS INTL INC COM 20451N101 1,517 23,236 SH   SOLE 1 23,236 0 0
COOPER TIRE & RUBR CO COM 216831107 1,575 43,635 SH   SOLE 1 43,635 0 0
COPA HOLDINGS SA CL A P31076105 1,708 14,595 SH   SOLE 1 14,595 0 0
CORNING INC COM 219350105 3,236 107,673 SH   SOLE 1 107,673 0 0
COTY INC COM CL A 222070203 1,183 63,034 SH   SOLE 1 63,034 0 0
CREE INC COM 225447101 1,965 79,710 SH   SOLE 1 79,710 0 0
CSG SYS INTL INC COM 126349109 760 18,719 SH   SOLE 1 18,719 0 0
CVS HEALTH CORP COM 126650100 1,173 14,573 SH   SOLE 1 14,573 0 0
DOMTAR CORP COM NEW 257559203 1,968 51,215 SH   SOLE 1 51,215 0 0
DONALDSON INC COM 257651109 732 16,081 SH   SOLE 1 16,081 0 0
EMERSON ELEC CO COM 291011104 1,880 31,534 SH   SOLE 1 31,534 0 0
EXTENDED STAY AMER INC UNIT 99/99 30224P200 2,156 111,354 SH   SOLE 1 111,354 0 0
EXXON MOBIL CORP COM 30231G102 1,502 18,610 SH   SOLE 1 18,610 0 0
F M C CORP COM NEW 302491303 1,613 22,078 SH   SOLE 1 22,078 0 0
FASTENAL CO COM 311900104 2,664 61,201 SH   SOLE 1 61,201 0 0
GENTEX CORP COM 371901109 1,553 81,842 SH   SOLE 1 81,842 0 0
GEO GROUP INC NEW COM NEW 36162J106 1,128 38,138 SH   SOLE 1 38,138 0 0
GERDAU S A SPON ADR REP PFD 373737105 927 303,777 SH   SOLE 1 303,777 0 0
GRAINGER W W INC COM 384802104 702 3,888 SH   SOLE 1 3,888 0 0
HORMEL FOODS CORP COM 440452100 1,613 47,279 SH   SOLE 1 47,279 0 0
INTEL CORP COM 458140100 1,562 46,307 SH   SOLE 1 46,307 0 0
INTERPUBLIC GROUP COS INC COM 460690100 367 14,937 SH   SOLE 1 14,937 0 0
INTERPUBLIC GROUP COS INC COM 460690100 1,488 60,489 SH   SOLE 1 60,489 0 0
IRON MTN INC NEW COM 46284V101 3,106 90,389 SH   SOLE 1 90,389 0 0
ISHARES TR MSCI INDIA ETF COM 46429B598 218 6,800 SH   DFND 1 0 6,800 0
ITRON INC COM 465741106 1,022 15,078 SH   SOLE 1 15,078 0 0
JABIL INC COM 466313103 1,544 52,886 SH   SOLE 1 52,886 0 0
JOHNSON CTLS INTL PLC SHS G51502105 1,935 44,628 SH   SOLE 1 44,628 0 0
JUNIPER NETWORKS INC COM 48203R104 2,435 87,328 SH   SOLE 1 87,328 0 0
KAR AUCTION SVCS INC COM 48238T109 1,105 26,329 SH   SOLE 1 26,329 0 0
KIMBERLY CLARK CORP COM 494368103 1,549 11,995 SH   SOLE 1 11,995 0 0
LEAR CORP COM NEW 521865204 1,048 7,375 SH   SOLE 1 7,375 0 0
LIONS GATE ENTMNT CORP CL A VTG 535919401 1,351 47,891 SH   SOLE 1 47,891 0 0
LIONS GATE ENTMNT CORP CL B NON V 535919500 1,169 44,487 SH   SOLE 1 44,487 0 0
LKQ CORP COM 501889208 1,432 43,474 SH   SOLE 1 43,474 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,111 13,168 SH   SOLE 1 13,168 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,547 21,706 SH   SOLE 1 21,706 0 0
MARATHON PETE CORP COM 56585A102 2,729 52,148 SH   SOLE 1 52,148 0 0
MATTEL INC COM 577081102 2,301 106,882 SH   SOLE 1 106,882 0 0
MCDERMOTT INTL INC COM 580037109 1,578 220,134 SH   SOLE 1 220,134 0 0
METLIFE INC COM 59156R108 1,722 31,352 SH   SOLE 1 31,352 0 0
MICROSOFT CORP COM 594918104 1,861 26,995 SH   SOLE 1 26,995 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 1,572 18,127 SH   SOLE 1 18,127 0 0
NATIONAL FUEL GAS CO N J COM 636180101 2,235 40,022 SH   SOLE 1 40,022 0 0
NEW YORK TIMES CO CL A 650111107 2,444 138,058 SH   SOLE 1 138,058 0 0
NIELSEN HLDGS PLC SHS EUR G6518L108 1,730 44,740 SH   SOLE 1 44,740 0 0
NORTHERN TR CORP COM 665859104 1,690 17,388 SH   SOLE 1 17,388 0 0
NOVO-NORDISK A S ADR 670100205 1,429 33,327 SH   SOLE 1 33,327 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,232 70,769 SH   SOLE 1 70,769 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,529 25,547 SH   SOLE 1 25,547 0 0
OFFICE DEPOT INC COM 676220106 2,502 443,585 SH   SOLE 1 443,585 0 0
OMNICOM GROUP INC COM 681919106 2,090 25,211 SH   SOLE 1 25,211 0 0
OWENS & MINOR INC NEW COM 690732102 1,415 43,944 SH   SOLE 1 43,944 0 0
PATTERSON COMPANIES INC COM 703395103 2,173 46,283 SH   SOLE 1 46,283 0 0
PEPSICO INC COM 713448108 1,118 9,679 SH   SOLE 1 9,679 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,728 13,835 SH   SOLE 1 13,835 0 0
POLARIS INDS INC COM 731068102 1,089 11,805 SH   SOLE 1 11,805 0 0
PRAXAIR INC COM 74005P104 3,012 22,721 SH   SOLE 1 22,721 0 0
PROSHARES TR PSHS LC COR PLUS COM 74347R248 4,202 69,885 SH   DFND 1 0 69,885 0
QUALCOMM INC COM 747525103 1,509 27,319 SH   SOLE 1 27,319 0 0
QUEST DIAGNOSTICS INC COM 74834L100 1,354 12,185 SH   SOLE 1 12,185 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 762 9,504 SH   SOLE 1 9,504 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 2,045 31,955 SH   SOLE 1 31,955 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,438 59,680 SH   SOLE 1 59,680 0 0
SCHOLASTIC CORP COM 807066105 1,031 23,650 SH   SOLE 1 23,650 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 1,780 41,483 SH   SOLE 1 41,483 0 0
STERICYCLE INC COM 858912108 2,382 31,210 SH   SOLE 1 31,210 0 0
TARGET CORP COM 87612E106 1,542 29,484 SH   SOLE 1 29,484 0 0
TE CONNECTIVITY LTD REG SHS H84989104 2,057 26,142 SH   SOLE 1 26,142 0 0
TECHNIPFMC PLC COM G87110105 1,219 44,831 SH   SOLE 1 44,831 0 0
TEGNA INC COM 87901J105 1,580 109,626 SH   SOLE 1 109,626 0 0
TERADATA CORP DEL COM 88076W103 2,264 76,774 SH   SOLE 1 76,774 0 0
THOMSON REUTERS CORP COM 884903105 1,591 34,363 SH   SOLE 1 34,363 0 0
TIME INC NEW COM 887228104 2,057 143,337 SH   SOLE 1 143,337 0 0
TRANSMONTAIGNE PARTNERS L P COM UNIT LP 89376V100 890 21,202 SH   SOLE 1 21,202 0 0
TRANSOCEAN LTD REG SHS H8817H100 459 55,727 SH   SOLE 1 55,727 0 0
UNILEVER PLC SPON ADR NEW 904767704 1,941 35,862 SH   SOLE 1 35,862 0 0
UNION PAC CORP COM 907818108 2,181 20,026 SH   SOLE 1 20,026 0 0
UNISYS CORP COM NEW 909214306 993 77,582 SH   SOLE 1 77,582 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,725 15,594 SH   SOLE 1 15,594 0 0
UNITI GROUP INC COM 91325V108 1,214 48,282 SH   SOLE 1 48,282 0 0
US BANCORP DEL COM NEW 902973304 3,196 61,555 SH   SOLE 1 61,555 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,810 26,824 SH   SOLE 1 26,824 0 0
VAREX IMAGING CORP COM 92214X106 365 10,787 SH   SOLE 1 10,787 0 0
VARIAN MED SYS INC COM 92220P105 2,026 19,632 SH   SOLE 1 19,632 0 0
VENTAS INC COM 92276F100 1,795 25,830 SH   SOLE 1 25,830 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,496 55,890 SH   SOLE 1 55,890 0 0
WAL-MART STORES INC COM 931142103 2,476 32,716 SH   SOLE 1 32,716 0 0
WELLS FARGO CO NEW COM 949746101 1,776 32,045 SH   SOLE 1 32,045 0 0
WERNER ENTERPRISES INC COM 950755108 1,322 45,035 SH   SOLE 1 45,035 0 0
WESBANCO INC COM 950810101 841 21,270 SH   SOLE 1 21,270 0 0
WEYERHAEUSER CO COM 962166104 1,603 47,860 SH   SOLE 1 47,860 0 0
WHIRLPOOL CORP COM 963320106 1,196 6,239 SH   SOLE 1 6,239 0 0