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
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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
Aaron'S CS 002535300 1,529 68,270 SH   DFND 1 68,270 0 0
Allete Inc CS 018522300 1,399 27,525 SH   DFND 1 27,525 0 0
American Equity Investment Lif CS 025676206 1,679 69,874 SH   DFND 1 69,874 0 0
Amerisafe Inc CS 03071H100 1,349 26,503 SH   DFND 1 26,503 0 0
Argan Inc CS 04010e109 1,149 35,455 SH   DFND 1 35,455 0 0
Atlantic Tele Network Inc CS 049079205 1,497 19,130 SH   DFND 1 19,130 0 0
AZZ Inc CS 002474104 701 12,608 SH   DFND 1 12,608 0 0
Bancfirst Corp CS 05945F103 717 12,232 SH   DFND 1 12,232 0 0
BBCN Bancorp Inc CS 073295107 1,614 93,710 SH   DFND 1 93,710 0 0
Brinker Intl Inc CS 109641100 1,191 24,840 SH   DFND 1 24,840 0 0
Bryn Mawr Bank Corp CS 117665109 903 31,433 SH   DFND 1 31,433 0 0
Cabela'S Inc CS 126804301 1,047 22,405 SH   DFND 1 22,405 0 0
Cabot Microelectronics Corp CS 12709P103 941 21,500 SH   DFND 1 21,500 0 0
Care Capital Properties, Inc CS 141624106 1,373 44,920 SH   DFND 1 44,920 0 0
Chesapeake Lodging Trust CS 165240102 895 35,560 SH   DFND 1 35,560 0 0
Community Trust Bancorp CS 204149108 1,113 31,846 SH   DFND 1 31,846 0 0
Compass Minerals Intl Inc CS 20451N101 1,879 24,967 SH   DFND 1 24,967 0 0
Connectone Bancorp Inc CS 20786w107 1,038 55,556 SH   DFND 1 55,556 0 0
Convergys Corp CS 212485106 1,886 75,790 SH   DFND 1 75,790 0 0
Crane Co CS 224399105 1,238 25,875 SH   DFND 1 25,875 0 0
Domtar Corp CS 257559203 1,234 33,400 SH   DFND 1 33,400 0 0
Dril-Quip Inc CS 262037104 1,520 25,660 SH   DFND 1 25,660 0 0
El Paso Electric Co CS 283677854 1,572 40,838 SH   DFND 1 40,838 0 0
Enersys CS 29275Y102 368 6,580 SH   DFND 1 6,580 0 0
Enstar Group Ltd CS G3075P101 884 5,891 SH   DFND 1 5,891 0 0
Federal Signal Corp CS 313855108 1,312 82,790 SH   DFND 1 82,790 0 0
Fox Factory Holding Corp CS 35138V102 716 43,301 SH   DFND 1 43,301 0 0
Frank's International Nv CS n33462107 1,917 114,865 SH   DFND 1 114,865 0 0
Hawkins Inc CS 420261109 511 14,293 SH   DFND 1 14,293 0 0
Hillenbrand Inc CS 431571108 1,247 42,091 SH   DFND 1 42,091 0 0
Horace Mann Educators Corp CS 440327104 889 26,790 SH   DFND 1 26,790 0 0
Horizon Bancorp CS 440407104 422 15,083 SH   DFND 1 15,083 0 0
Innospec Inc CS 45768S105 1,987 36,585 SH   DFND 1 36,585 0 0
Intersil Corp CS 46069S109 411 32,240 SH   DFND 1 32,240 0 0
ITT Corp CS 450911201 1,014 27,905 SH   DFND 1 27,905 0 0
Kadant Inc CS 48282T104 745 18,340 SH   DFND 1 18,340 0 0
Laclede Group Inc CS 505597104 1,079 18,160 SH   DFND 1 18,160 0 0
Lakeland Financial Corp CS 511656100 1,272 27,286 SH   DFND 1 27,286 0 0
Mantech Intl Corp CS 564563104 1,106 36,570 SH   DFND 1 36,570 0 0
Mentor Graphics Corp CS 587200106 793 43,030 SH   DFND 1 43,030 0 0
Meritage Homes Corp CS 59001A102 1,005 29,580 SH   DFND 1 29,580 0 0
Methode Electronics Inc CS 591520200 1,432 44,985 SH   DFND 1 44,985 0 0
MTS Systems Corp CS 553777103 1,196 18,858 SH   DFND 1 18,858 0 0
MYR Group Inc CS 55405W104 1,684 81,705 SH   DFND 1 81,705 0 0
New Jersey Res CS 646025106 1,301 39,474 SH   DFND 1 39,474 0 0
Northwestern Corp CS 668074305 1,212 22,350 SH   DFND 1 22,350 0 0
Plexus Corp CS 729132100 1,995 57,143 SH   DFND 1 57,143 0 0
ProAssurance Corp CS 74267C106 1,082 22,291 SH   DFND 1 22,291 0 0
PS Business Pks Inc Calif Com CS 69360J107 1,402 16,030 SH   DFND 1 16,030 0 0
Renasant Corp CS 75970e107 1,017 29,564 SH   DFND 1 29,564 0 0
South Jersey Inds Inc CS 838518108 1,911 81,255 SH   DFND 1 81,255 0 0
Tech Data Corp CS 878237106 1,861 28,032 SH   DFND 1 28,032 0 0
Tetra Tech Inc CS 88162G103 1,212 46,581 SH   DFND 1 46,581 0 0
Thor Inds Inc CS 885160101 1,647 29,340 SH   DFND 1 29,340 0 0
Tompkins Financial CS 890110109 781 13,903 SH   DFND 1 13,903 0 0
Tower International Inc CS 891826109 1,331 46,583 SH   DFND 1 46,583 0 0
Trico Bancshares CS 896095106 1,289 46,967 SH   DFND 1 46,967 0 0
Tupperware Brands Corp CS 899896104 1,126 20,225 SH   DFND 1 20,225 0 0
United Financial Bancorp Inc CS 910304104 363 28,194 SH   DFND 1 28,194 0 0
Waddell & Reed Financial-A CS 930059100 1,682 58,695 SH   DFND 1 58,695 0 0
Wiley John & Sons Inc Cl A CS 968223206 821 18,233 SH   DFND 1 18,233 0 0