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
ADVANCED E COM 007973100 856 20,035 SH   SOLE   0 0 20,035
ALCOA CORP COM 013872106 723 27,176 SH   SOLE   0 0 27,176
ALLSTATE C COM 020002101 929 11,332 SH   SOLE   0 0 11,332
ALLY FINAN COM 02005N100 901 40,043 SH   SOLE   0 0 40,043
AMC NETWOR COM 00164V103 915 16,719 SH   SOLE   0 0 16,719
APPLIED MA COM 038222105 816 25,186 SH   SOLE   0 0 25,186
ARCBEST CO COM 03937C105 488 14,000 SH   SOLE   0 0 14,000
ARCH COAL COM 039380407 1,019 12,307 SH   SOLE   0 0 12,307
ARTISAN PA COM 04316A108 840 38,600 SH   SOLE   0 0 38,600
ATENTO SA COM L0427L105 414 104,400 SH   SOLE   0 0 104,400
BORGWARNER COM 099724106 865 25,069 SH   SOLE   0 0 25,069
BUCKLE INC COM 118440106 526 27,019 SH   SOLE   0 0 27,019
CAN IMPERI COM 136069101 480 6,443 SH   SOLE   0 0 6,443
CANADIAN N COM 136385101 825 34,300 SH   SOLE   0 0 34,300
CAPITAL ON COM 14040H105 848 11,352 SH   SOLE   0 0 11,352
CARDINAL H COM 14149Y108 833 18,688 SH   SOLE   0 0 18,688
CATERPILLA COM 149123101 1,013 8,061 SH   SOLE   0 0 8,061
CATO CORP- COM 149205106 472 33,077 SH   SOLE   0 0 33,077
CDW CORP/D COM 12514G108 859 10,770 SH   SOLE   0 0 10,770
CHICO'S FA COM 168615102 443 77,165 SH   SOLE   0 0 77,165
CIGNA CORP COM 125523100 1,617 8,483 SH   SOLE   0 0 8,483
CITI TREND COM 17306X102 499 24,719 SH   SOLE   0 0 24,719
CITIGROUP COM 172967424 808 15,580 SH   SOLE   0 0 15,580
CUMMINS IN COM 231021106 948 7,200 SH   SOLE   0 0 7,200
CVS HEALTH COM 126650100 894 13,716 SH   SOLE   0 0 13,716
DELTA AIR COM 247361702 916 18,259 SH   SOLE   0 0 18,259
DELUXE COR COM 248019101 688 17,942 SH   SOLE   0 0 17,942
DOMTAR COR COM 257559203 806 23,076 SH   SOLE   0 0 23,076
EBAY INC COM 278642103 309 10,947 SH   SOLE   0 0 10,947
EMCOR GROU COM 29084Q100 826 13,988 SH   SOLE   0 0 13,988
FIAT CHRYS COM N31738102 8,142 564,636 SH   SOLE   0 0 564,636
FLEX LTD COM Y2573F102 577 75,700 SH   SOLE   0 0 75,700
GAMESTOP C COM 36467W109 874 71,133 SH   SOLE   0 0 71,133
GANNETT CO COM 36473H104 489 56,242 SH   SOLE   0 0 56,242
GENESCO IN COM 371532102 598 13,600 SH   SOLE   0 0 13,600
GENTEX COR COM 371901109 868 43,737 SH   SOLE   0 0 43,737
GENWORTH F COM 37247D106 568 123,430 SH   SOLE   0 0 123,430
GILDAN ACT COM 375916103 974 32,200 SH   SOLE   0 0 32,200
GOLDMAN SA COM 38141G104 821 5,038 SH   SOLE   0 0 5,038
HD SUPPLY COM 40416M105 942 25,286 SH   SOLE   0 0 25,286
HEIDRICK & COM 422819102 488 15,696 SH   SOLE   0 0 15,696
HIBBETT SP COM 428567101 460 32,059 SH   SOLE   0 0 32,059
HP INC COM 40434L105 896 44,035 SH   SOLE   0 0 44,035
IMPERIAL O COM 453038408 839 32,750 SH   SOLE   0 0 32,750
INNOVIVA I COM 45781M101 553 32,340 SH   SOLE   0 0 32,340
INSIGHT EN COM 45765U103 504 12,513 SH   SOLE   0 0 12,513
INTEL CORP COM 458140100 817 17,476 SH   SOLE   0 0 17,476
INTL BUSIN COM 459200101 981 8,681 SH   SOLE   0 0 8,681
JABIL INC COM 466313103 978 39,947 SH   SOLE   0 0 39,947
KLA-TENCOR COM 482480100 897 10,123 SH   SOLE   0 0 10,123
KT CORP-SP ADR 48268K101 842 58,700 SH   SOLE   0 0 58,700
KULICKE & COM 501242101 544 27,200 SH   SOLE   0 0 27,200
LAM RESEAR COM 512807108 948 7,000 SH   SOLE   0 0 7,000
LEAR CORP COM 521865204 751 6,169 SH   SOLE   0 0 6,169
LEGG MASON COM 524901105 827 32,600 SH   SOLE   0 0 32,600
LINCOLN NA COM 534187109 826 16,191 SH   SOLE   0 0 16,191
LUXOFT HOL COM G57279104 511 16,700 SH   SOLE   0 0 16,700
LYONDELLBA COM N53745100 868 10,542 SH   SOLE   0 0 10,542
MACY'S INC COM 55616P104 914 30,460 SH   SOLE   0 0 30,460
MAGNA INTE COM 559222401 839 18,420 SH   SOLE   0 0 18,420
MARINEMAX COM 567908108 479 26,298 SH   SOLE   0 0 26,298
MCKESSON C COM 58155Q103 924 8,396 SH   SOLE   0 0 8,396
METLIFE IN COM 59156R108 933 22,979 SH   SOLE   0 0 22,979
MICHAELS C COM 59408Q106 786 58,623 SH   SOLE   0 0 58,623
MICRON TEC COM 595112103 756 23,942 SH   SOLE   0 0 23,942
MIDWESTONE COM 598511103 480 19,393 SH   SOLE   0 0 19,393
NATIONAL W COM 638517102 550 1,864 SH   SOLE   0 0 1,864
NATURAL HE COM 63888P406 483 25,600 SH   SOLE   0 0 25,600
NAVIENT CO COM 63938C108 798 90,188 SH   SOLE   0 0 90,188
NCI BUILDI COM 628852204 365 49,300 SH   SOLE   0 0 49,300
NCR CORPOR COM 62886E108 897 39,535 SH   SOLE   0 0 39,535
NORBORD IN COM 65548P403 569 21,615 SH   SOLE   0 0 21,615
NUCOR CORP COM 670346105 850 16,369 SH   SOLE   0 0 16,369
OFG BANCOR COM 67103X102 501 31,000 SH   SOLE   0 0 31,000
OMNICOM GR COM 681919106 973 13,448 SH   SOLE   0 0 13,448
OVERSEAS S COM 69036R863 407 253,089 SH   SOLE   0 0 253,089
PIPER JAFF COM 724078100 517 7,858 SH   SOLE   0 0 7,858
PRUDENTIAL COM 744320102 940 11,633 SH   SOLE   0 0 11,633
QURATE RET COM 74915M100 951 49,090 SH   SOLE   0 0 49,090
RADIAN GRO COM 750236101 479 30,000 SH   SOLE   0 0 30,000
RELIANCE S COM 759509102 878 12,339 SH   SOLE   0 0 12,339
SANMINA CO COM 801056102 892 37,500 SH   SOLE   0 0 37,500
SHOE CARNI COM 824889109 532 15,000 SH   SOLE   0 0 15,000
STEEL DYNA COM 858119100 790 26,457 SH   SOLE   0 0 26,457
STIFEL FIN COM 860630102 826 20,100 SH   SOLE   0 0 20,100
SYNAPTICS COM 87157D109 770 20,719 SH   SOLE   0 0 20,719
SYNCHRONY COM 87165B103 845 35,952 SH   SOLE   0 0 35,952
TECK RESOU COM 878742204 1,036 49,076 SH   SOLE   0 0 49,076
THOR INDUS COM 885160101 753 14,668 SH   SOLE   0 0 14,668
TOLL BROTH COM 889478103 322 9,700 SH   SOLE   0 0 9,700
TOWER INTE COM 891826109 430 18,089 SH   SOLE   0 0 18,089
TRIPLE-S M COM 896749108 538 31,000 SH   SOLE   0 0 31,000
TUPPERWARE COM 899896104 877 28,142 SH   SOLE   0 0 28,142
UBS GROUP COM H42097107 7,947 639,507 SH   SOLE   0 0 639,507
UNISYS COR COM 909214306 466 40,960 SH   SOLE   0 0 40,960
UNITED THE COM 91307C102 930 8,858 SH   SOLE   0 0 8,858
UNUM GROUP COM 91529Y106 815 28,100 SH   SOLE   0 0 28,100
USA TRUCK COM 902925106 411 27,476 SH   SOLE   0 0 27,476
VENATOR MA COM G9329Z100 530 127,717 SH   SOLE   0 0 127,717
VERSO CORP COM 92531L207 501 22,630 SH   SOLE   0 0 22,630
VIACOM INC COM 92553P201 838 32,374 SH   SOLE   0 0 32,374
VICTORY CA COM 92645B103 428 45,977 SH   SOLE   0 0 45,977
WADDELL & COM 930059100 499 28,000 SH   SOLE   0 0 28,000
WALGREENS COM 931427108 922 13,543 SH   SOLE   0 0 13,543
WEIS MARKE COM 948849104 564 12,041 SH   SOLE   0 0 12,041
WESTERN DI COM 958102105 659 17,936 SH   SOLE   0 0 17,936
WHIRLPOOL COM 963320106 893 8,322 SH   SOLE   0 0 8,322