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
Alamo Group Inc CS 011311107 21 330 SH   DFND 1 330 0 0
American Equity Investment Lif CS 025676206 38 1,290 SH   DFND 1 1,290 0 0
Amerisafe Inc CS 03071H100 27 590 SH   DFND 1 590 0 0
Ascena Retail Group Inc CS 04351G101 17 1,205 SH   DFND 1 1,205 0 0
AZZ Inc CS 002474104 41 870 SH   DFND 1 870 0 0
Bancfirst Corp CS 05945F103 12 200 SH   DFND 1 200 0 0
Bank of Marin Bancorp/Ca CS 063425102 24 480 SH   DFND 1 480 0 0
BBCN Bancorp Inc CS 073295107 17 1,165 SH   DFND 1 1,165 0 0
Blount International Inc CS 095180105 19 1,470 SH   DFND 1 1,470 0 0
Bryn Mawr Bank Corp CS 117665109 23 750 SH   DFND 1 750 0 0
Buckle Inc Com CS 118440106 35 685 SH   DFND 1 685 0 0
CACI Intl Inc CS 127190304 30 330 SH   DFND 1 330 0 0
Chatham Lodging Trust CS 16208T102 8 275 SH   DFND 1 275 0 0
Childrens Pl Retail Stores Inc CS 168905107 41 635 SH   DFND 1 635 0 0
Clean Harbors Inc CS 184496107 30 525 SH   DFND 1 525 0 0
Community Trust Bancorp CS 204149108 16 495 SH   DFND 1 495 0 0
Connectone Bancorp Inc CS 20786w107 17 885 SH   DFND 1 885 0 0
Convergys Corp CS 212485106 47 2,050 SH   DFND 1 2,050 0 0
Cracker Barrel Old Country CS 22410J106 11 70 SH   DFND 1 70 0 0
Crane Co CS 224399105 23 365 SH   DFND 1 365 0 0
Cubic Corp CS 229669106 26 500 SH   DFND 1 500 0 0
Denbury Res Inc CS 247916208 18 2,495 SH   DFND 1 2,495 0 0
Encore Wire Corp CS 292562105 19 505 SH   DFND 1 505 0 0
Enstar Group Ltd CS G3075P101 16 115 SH   DFND 1 115 0 0
Exactech Inc CS 30064e109 29 1,120 SH   DFND 1 1,120 0 0
First NBC BK HLDG CO CS 32115d106 20 605 SH   DFND 1 605 0 0
Forward Air Corp CS 349853101 13 235 SH   DFND 1 235 0 0
Foster Co-A CS 350060109 20 430 SH   DFND 1 430 0 0
Fox Factory Holding Corp CS 35138V102 19 1,230 SH   DFND 1 1,230 0 0
Frank's International Nv CS n33462107 19 1,015 SH   DFND 1 1,015 0 0
Genesco Inc CS 371532102 15 210 SH   DFND 1 210 0 0
Glacier Bancorp Inc CS 37637Q105 25 1,005 SH   DFND 1 1,005 0 0
Hawkins Inc CS 420261109 18 470 SH   DFND 1 470 0 0
Helen Of Troy Ltd CS G4388N106 21 260 SH   DFND 1 260 0 0
Hibbett Sports Inc CS 428567101 20 415 SH   DFND 1 415 0 0
Hillenbrand Inc CS 431571108 25 820 SH   DFND 1 820 0 0
Horizon Bancorp CS 440407104 26 1,113 SH   DFND 1 1,113 0 0
Hyster-Yale CS 449172105 17 235 SH   DFND 1 235 0 0
Innophos Holdings Inc CS 45774N108 8 150 SH   DFND 1 150 0 0
John Bean Technologies Corp CS 477839104 21 585 SH   DFND 1 585 0 0
Kadant Inc CS 48282T104 11 200 SH   DFND 1 200 0 0
Laclede Group Inc CS 505597104 17 325 SH   DFND 1 325 0 0
Lakeland Financial Corp CS 511656100 21 510 SH   DFND 1 510 0 0
Littelfuse Inc CS 537008104 40 405 SH   DFND 1 405 0 0
LTC Properties Inc CS 502175102 9 195 SH   DFND 1 195 0 0
Madden Steven Ltd CS 556269108 21 545 SH   DFND 1 545 0 0
Marten Trans Ltd CS 573075108 23 995 SH   DFND 1 995 0 0
McGrath RentCorp CS 580589109 17 525 SH   DFND 1 525 0 0
Meritage Homes Corp CS 59001A102 37 755 SH   DFND 1 755 0 0
MTS Systems Corp CS 553777103 32 425 SH   DFND 1 425 0 0
Multi-Color Corp CS 625383104 34 490 SH   DFND 1 490 0 0
National Healthcare Corp CS 635906100 13 200 SH   DFND 1 200 0 0
New Jersey Res CS 646025106 16 530 SH   DFND 1 530 0 0
Northwestern Corp CS 668074305 15 285 SH   DFND 1 285 0 0
Panhandle Oil and Gas Inc-A CS 698477106 17 865 SH   DFND 1 865 0 0
Piedmont Office Realty Tr Inc CS 720190206 12 670 SH   DFND 1 670 0 0
Plexus Corp CS 729132100 17 420 SH   DFND 1 420 0 0
Primerica Inc CS 74164M108 31 610 SH   DFND 1 610 0 0
ProAssurance Corp CS 74267C106 43 945 SH   DFND 1 945 0 0
Progress Software Corp Com CS 743312100 23 860 SH   DFND 1 860 0 0
Ryman Hospitality Properties I CS 78377T107 9 145 SH   DFND 1 145 0 0
SM Energy Co CS 78454L100 31 605 SH   DFND 1 605 0 0
Southside Bancshares Inc CS 84470p109 16 575 SH   DFND 1 575 0 0
Summit Hotel Properties Inc CS 866082100 9 650 SH   DFND 1 650 0 0
Tech Data Corp CS 878237106 44 770 SH   DFND 1 770 0 0
The Ensign Group Inc CS 29358P101 16 335 SH   DFND 1 335 0 0
Tompkins Financial CS 890110109 25 455 SH   DFND 1 455 0 0
United Financial Bancorp Inc CS 910304104 14 1,101 SH   DFND 1 1,101 0 0
Valmont Inds Inc CS 920253101 16 130 SH   DFND 1 130 0 0
VSE Corp CS 918284100 16 200 SH   DFND 1 200 0 0
Wiley John & Sons Inc Cl A CS 968223206 21 345 SH   DFND 1 345 0 0
Winnebago Industries Inc CS 974637100 16 740 SH   DFND 1 740 0 0
World Fuel Svcs Corp CS 981475106 46 795 SH   DFND 1 795 0 0
WPX Energy Inc CS 98212B103 17 1,515 SH   DFND 1 1,515 0 0
Alamo Group Inc CS 011311107 626 9,915 SH   DFND 2 9,915 0 0
American Equity Investment Lif CS 025676206 1,126 38,642 SH   DFND 2 38,642 0 0
Amerisafe Inc CS 03071H100 819 17,705 SH   DFND 2 17,705 0 0
Ascena Retail Group Inc CS 04351G101 509 35,050 SH   DFND 2 35,050 0 0
AZZ Inc CS 002474104 1,217 26,115 SH   DFND 2 26,115 0 0
Bancfirst Corp CS 05945F103 363 5,960 SH   DFND 2 5,960 0 0
Bank of Marin Bancorp/Ca CS 063425102 735 14,445 SH   DFND 2 14,445 0 0
BBCN Bancorp Inc CS 073295107 505 34,889 SH   DFND 2 34,889 0 0
Blount International Inc CS 095180105 562 43,600 SH   DFND 2 43,600 0 0
Bryn Mawr Bank Corp CS 117665109 684 22,480 SH   DFND 2 22,480 0 0
Buckle Inc Com CS 118440106 1,038 20,325 SH   DFND 2 20,325 0 0
CACI Intl Inc CS 127190304 897 9,980 SH   DFND 2 9,980 0 0
Chatham Lodging Trust CS 16208T102 243 8,271 SH   DFND 2 8,271 0 0
Childrens Pl Retail Stores Inc CS 168905107 1,214 18,920 SH   DFND 2 18,920 0 0
Clean Harbors Inc CS 184496107 894 15,745 SH   DFND 2 15,745 0 0
Community Trust Bancorp CS 204149108 489 14,760 SH   DFND 2 14,760 0 0
Connectone Bancorp Inc CS 20786w107 516 26,525 SH   DFND 2 26,525 0 0
Convergys Corp CS 212485106 1,405 61,425 SH   DFND 2 61,425 0 0
Cracker Barrel Old Country CS 22410J106 333 2,190 SH   DFND 2 2,190 0 0
Crane Co CS 224399105 687 11,004 SH   DFND 2 11,004 0 0
Cubic Corp CS 229669106 778 15,020 SH   DFND 2 15,020 0 0
Denbury Res Inc CS 247916208 545 74,805 SH   DFND 2 74,805 0 0
Encore Wire Corp CS 292562105 579 15,295 SH   DFND 2 15,295 0 0
Enstar Group Ltd CS G3075P101 481 3,389 SH   DFND 2 3,389 0 0
Exactech Inc CS 30064e109 861 33,605 SH   DFND 2 33,605 0 0
First NBC BK HLDG CO CS 32115d106 592 17,955 SH   DFND 2 17,955 0 0
Forward Air Corp CS 349853101 380 6,995 SH   DFND 2 6,995 0 0
Foster Co-A CS 350060109 608 12,815 SH   DFND 2 12,815 0 0
Fox Factory Holding Corp CS 35138V102 566 36,925 SH   DFND 2 36,925 0 0
Frank's International Nv CS n33462107 569 30,435 SH   DFND 2 30,435 0 0
Genesco Inc CS 371532102 452 6,339 SH   DFND 2 6,339 0 0
Glacier Bancorp Inc CS 37637Q105 749 29,780 SH   DFND 2 29,780 0 0
Hawkins Inc CS 420261109 537 14,140 SH   DFND 2 14,140 0 0
Helen Of Troy Ltd CS G4388N106 633 7,766 SH   DFND 2 7,766 0 0
Hibbett Sports Inc CS 428567101 614 12,510 SH   DFND 2 12,510 0 0
Hillenbrand Inc CS 431571108 757 24,528 SH   DFND 2 24,528 0 0
Horizon Bancorp CS 440407104 780 33,353 SH   DFND 2 33,353 0 0
Hyster-Yale CS 449172105 521 7,105 SH   DFND 2 7,105 0 0
Innophos Holdings Inc CS 45774N108 256 4,535 SH   DFND 2 4,535 0 0
John Bean Technologies Corp CS 477839104 625 17,505 SH   DFND 2 17,505 0 0
Kadant Inc CS 48282T104 313 5,950 SH   DFND 2 5,950 0 0
Laclede Group Inc CS 505597104 499 9,744 SH   DFND 2 9,744 0 0
Lakeland Financial Corp CS 511656100 623 15,360 SH   DFND 2 15,360 0 0
Littelfuse Inc CS 537008104 1,211 12,180 SH   DFND 2 12,180 0 0
LTC Properties Inc CS 502175102 269 5,855 SH   DFND 2 5,855 0 0
Madden Steven Ltd CS 556269108 624 16,430 SH   DFND 2 16,430 0 0
Marten Trans Ltd CS 573075108 691 29,770 SH   DFND 2 29,770 0 0
McGrath RentCorp CS 580589109 517 15,715 SH   DFND 2 15,715 0 0
Meritage Homes Corp CS 59001A102 1,106 22,730 SH   DFND 2 22,730 0 0
MTS Systems Corp CS 553777103 960 12,695 SH   DFND 2 12,695 0 0
Multi-Color Corp CS 625383104 1,031 14,870 SH   DFND 2 14,870 0 0
National Healthcare Corp CS 635906100 382 5,995 SH   DFND 2 5,995 0 0
New Jersey Res CS 646025106 495 15,945 SH   DFND 2 15,945 0 0
Northwestern Corp CS 668074305 461 8,565 SH   DFND 2 8,565 0 0
Panhandle Oil and Gas Inc-A CS 698477106 513 25,920 SH   DFND 2 25,920 0 0
Piedmont Office Realty Tr Inc CS 720190206 373 20,025 SH   DFND 2 20,025 0 0
Plexus Corp CS 729132100 513 12,575 SH   DFND 2 12,575 0 0
Primerica Inc CS 74164M108 931 18,282 SH   DFND 2 18,282 0 0
ProAssurance Corp CS 74267C106 1,302 28,355 SH   DFND 2 28,355 0 0
Progress Software Corp Com CS 743312100 700 25,755 SH   DFND 2 25,755 0 0
Ryman Hospitality Properties I CS 78377T107 270 4,435 SH   DFND 2 4,435 0 0
SM Energy Co CS 78454L100 941 18,215 SH   DFND 2 18,215 0 0
Southside Bancshares Inc CS 84470p109 496 17,285 SH   DFND 2 17,285 0 0
Summit Hotel Properties Inc CS 866082100 274 19,491 SH   DFND 2 19,491 0 0
Tech Data Corp CS 878237106 1,340 23,199 SH   DFND 2 23,199 0 0
The Ensign Group Inc CS 29358P101 477 10,170 SH   DFND 2 10,170 0 0
Tompkins Financial CS 890110109 732 13,585 SH   DFND 2 13,585 0 0
United Financial Bancorp Inc CS 910304104 408 32,809 SH   DFND 2 32,809 0 0
Valmont Inds Inc CS 920253101 485 3,950 SH   DFND 2 3,950 0 0
VSE Corp CS 918284100 499 6,095 SH   DFND 2 6,095 0 0
Wiley John & Sons Inc Cl A CS 968223206 637 10,415 SH   DFND 2 10,415 0 0
Winnebago Industries Inc CS 974637100 473 22,225 SH   DFND 2 22,225 0 0
World Fuel Svcs Corp CS 981475106 1,373 23,880 SH   DFND 2 23,880 0 0
WPX Energy Inc CS 98212B103 496 45,360 SH   DFND 2 45,360 0 0
iShares Tr Russell 2000 Value EF 464287630 1,551 15,025 SH   DFND 2 15,025 0 0