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
ABBOTT LAB COM 002824100 451 7,400 SH   DFND 1 0 0 7,400
ADVANCED E COM 007973100 1,361 23,435 SH   SOLE   3,000 0 20,435
AETNA INC COM 00817Y108 1,945 10,600 SH   DFND 1 0 0 10,600
AFLAC INC COM 001055102 422 9,800 SH   DFND 1 0 0 9,800
ALCOA CORP COM 013872106 1,503 32,067 SH   SOLE   4,100 0 27,967
ALLSTATE C COM 020002101 1,402 15,361 SH   SOLE   2,000 0 13,361
ALLY FINAN COM 02005N100 1,458 55,500 SH   SOLE   7,800 0 47,700
AMC NETWOR COM 00164V103 1,415 22,747 SH   SOLE   3,238 0 19,509
AMERICAN F COM 025932104 3,563 33,200 SH   DFND 1 0 0 33,200
AMERIPRISE COM 03076C106 2,364 16,900 SH   DFND 1 0 0 16,900
APPLIED MA COM 038222105 1,353 29,302 SH   SOLE   3,700 0 25,602
ARCH COAL COM 039380407 1,401 17,867 SH   SOLE   2,481 0 15,386
ARTISAN PA COM 04316A108 1,357 45,000 SH   SOLE   5,700 0 39,300
ASSURANT I COM 04621X108 1,118 10,800 SH   DFND 1 0 0 10,800
ASSURED GU COM G0585R106 1,452 40,643 SH   SOLE   5,783 0 34,860
BARRICK GO COM 067901108 313 23,800 SH   DFND 1 0 0 23,800
BCE INC COM 05534B760 786 19,400 SH   DFND 1 0 0 19,400
BORGWARNER COM 099724106 1,308 30,307 SH   SOLE   4,438 0 25,869
C&J ENERGY COM 12674R100 1,406 59,575 SH   SOLE   7,400 0 52,175
CAN IMPERI COM 136069101 743 8,543 SH   SOLE   0 0 8,543
CAPITAL ON COM 14040H105 1,458 15,869 SH   SOLE   2,300 0 13,569
CATERPILLA COM 149123101 1,383 10,197 SH   SOLE   1,300 0 8,897
CDW CORP/D COM 12514G108 1,415 17,520 SH   SOLE   2,482 0 15,038
CELESTICA COM 15101Q108 1,248 104,995 SH   SOLE   21,967 0 83,028
CELESTICA COM 15101Q108 1,822 153,200 SH   DFND 1 0 0 153,200
CHEVRON CO COM 166764100 506 4,000 SH   DFND 1 0 0 4,000
CHUBB LTD COM H1467J104 800 6,300 SH   DFND 1 0 0 6,300
CIGNA CORP COM 125509109 1,405 8,267 SH   SOLE   1,100 0 7,167
CISCO SYST COM 17275R102 972 22,600 SH   DFND 1 0 0 22,600
CITIGROUP COM 172967424 1,416 21,165 SH   SOLE   2,700 0 18,465
CONVERGYS COM 212485106 1,501 61,398 SH   SOLE   9,600 0 51,798
CUMMINS IN COM 231021106 1,369 10,291 SH   SOLE   1,296 0 8,995
CVS HEALTH COM 126650100 1,363 21,178 SH   SOLE   3,130 0 18,048
CVS HEALTH COM 126650100 714 11,100 SH   DFND 1 0 0 11,100
DEERE & CO COM 244199105 783 5,600 SH   DFND 1 0 0 5,600
DELTA AIR COM 247361702 1,318 26,602 SH   SOLE   3,400 0 23,202
DELUXE COR COM 248019101 1,395 21,062 SH   SOLE   2,700 0 18,362
DILLARDS I COM 254067101 850 9,000 SH   DFND 1 0 0 9,000
DOMTAR COR COM 257559203 1,576 33,018 SH   SOLE   4,590 0 28,428
DUN & BRAD COM 26483E100 1,390 11,336 SH   SOLE   1,520 0 9,816
EMCOR GROU COM 29084Q100 1,401 18,397 SH   SOLE   2,300 0 16,097
EXPRESS SC COM 30219G108 1,739 22,526 SH   SOLE   3,053 0 19,473
EXXON MOBI COM 30231G102 430 5,200 SH   DFND 1 0 0 5,200
FIAT CHRYS COM N31738102 9,061 479,676 SH   SOLE   16,705 0 462,971
FLEX LTD COM Y2573F102 1,405 99,600 SH   SOLE   12,900 0 86,700
FREEPORT-M COM 35671D857 532 30,800 SH   DFND 1 0 0 30,800
GAMESTOP C COM 36467W109 1,369 93,954 SH   SOLE   12,392 0 81,562
GENTEX COR COM 371901109 1,318 57,237 SH   SOLE   7,200 0 50,037
GOLDMAN SA COM 38141G104 1,420 6,436 SH   SOLE   852 0 5,584
HD SUPPLY COM 40416M105 1,408 32,823 SH   SOLE   4,200 0 28,623
HELEN OF T COM G4388N106 1,461 14,837 SH   SOLE   1,900 0 12,937
HOLLYFRONT COM 436106108 1,307 19,100 SH   DFND 1 0 0 19,100
HP INC COM 40434L105 1,379 60,770 SH   SOLE   7,700 0 53,070
HUDBAY MIN COM 443628102 208 37,363 SH   SOLE   25,695 0 11,668
HUMANA INC COM 444859102 1,458 4,900 SH   DFND 1 0 0 4,900
INTEL CORP COM 458140100 1,606 32,300 SH   DFND 1 0 0 32,300
INTL BUSIN COM 459200101 1,424 10,195 SH   SOLE   1,400 0 8,795
JABIL INC COM 466313103 1,469 53,119 SH   SOLE   6,800 0 46,319
JABIL INC COM 466313103 586 21,200 SH   DFND 1 0 0 21,200
KBR INC COM 48242W106 287 16,000 SH   DFND 1 0 0 16,000
KLA-TENCOR COM 482480100 1,302 12,700 SH   SOLE   1,600 0 11,100
KRONOS WOR COM 50105F105 538 23,900 SH   DFND 1 0 0 23,900
KT CORP-SP ADR 48268K101 1,142 86,000 SH   SOLE   10,300 0 75,700
LAM RESEAR COM 512807108 1,400 8,100 SH   SOLE   1,100 0 7,000
LEAR CORP COM 521865204 1,375 7,398 SH   SOLE   1,051 0 6,347
LEGG MASON COM 524901105 1,348 38,800 SH   SOLE   5,300 0 33,500
LINCOLN NA COM 534187109 1,380 22,162 SH   SOLE   2,972 0 19,190
LYONDELLBA COM N53745100 1,585 14,428 SH   SOLE   2,086 0 12,342
MACY'S INC COM 55616P104 1,389 37,111 SH   SOLE   5,400 0 31,711
MAGNA INTE COM 559222401 1,525 26,211 SH   SOLE   3,991 0 22,220
MAGNA INTE COM 559222401 1,914 32,900 SH   DFND 1 0 0 32,900
MATTEL INC COM 577081102 243 14,800 SH   DFND 1 0 0 14,800
MCKESSON C COM 58155Q103 1,361 10,204 SH   SOLE   1,400 0 8,804
MCKESSON C COM 58155Q103 707 5,300 SH   DFND 1 0 0 5,300
METLIFE IN COM 59156R108 1,385 31,764 SH   SOLE   4,516 0 27,248
MICHAELS C COM 59408Q106 1,474 76,900 SH   SOLE   10,000 0 66,900
MICRON TEC COM 595112103 1,289 24,577 SH   SOLE   3,800 0 20,777
NAVIENT CO COM 63938C108 1,410 108,190 SH   SOLE   13,600 0 94,590
NCR CORPOR COM 62886E108 1,410 47,016 SH   SOLE   6,300 0 40,716
NORBORD IN COM 65548P403 1,787 43,446 SH   SOLE   6,820 0 36,626
NUCOR CORP COM 670346105 1,389 22,227 SH   SOLE   3,558 0 18,669
OMNICOM GR COM 681919106 1,565 20,525 SH   SOLE   2,900 0 17,625
PARKER HAN COM 701094104 826 5,300 SH   DFND 1 0 0 5,300
PFIZER INC COM 717081103 1,331 36,700 SH   DFND 1 0 0 36,700
PRUDENTIAL COM 744320102 1,335 14,275 SH   SOLE   1,900 0 12,375
QURATE RET COM 74915M100 1,412 66,520 SH   SOLE   9,082 0 57,438
REINSURANC COM 759351604 2,069 15,500 SH   DFND 1 0 0 15,500
RELIANCE S COM 759509102 1,363 15,567 SH   SOLE   2,000 0 13,567
SANMINA CO COM 801056102 1,436 49,000 SH   SOLE   7,000 0 42,000
SK TELECOM ADR 78440P108 1,094 46,900 SH   DFND 1 0 0 46,900
STATE STRE COM 857477103 987 10,600 SH   DFND 1 0 0 10,600
STEEL DYNA COM 858119100 1,426 31,029 SH   SOLE   3,900 0 27,129
SUNCOR ENE COM 867224107 1,616 39,700 SH   DFND 1 0 0 39,700
SYNAPTICS COM 87157D109 1,550 30,770 SH   SOLE   5,651 0 25,119
SYNCHRONY COM 87165B103 1,410 42,255 SH   SOLE   5,200 0 37,055
TARGET COR COM 87612E106 1,456 19,125 SH   SOLE   2,731 0 16,394
TECK RESOU COM 878742204 1,474 57,841 SH   SOLE   8,765 0 49,076
THOR INDUS COM 885160101 1,429 14,678 SH   SOLE   2,100 0 12,578
TORCHMARK COM 891027104 1,502 18,450 SH   DFND 1 0 0 18,450
TUPPERWARE COM 899896104 1,386 33,601 SH   SOLE   4,100 0 29,501
TYSON FOOD COM 902494103 2,596 37,700 SH   DFND 1 0 0 37,700
UNITED MIC ADR 910873405 1,016 360,200 SH   DFND 1 0 0 360,200
UNITED THE COM 91307C102 1,368 12,092 SH   SOLE   1,561 0 10,531
UNITEDHEAL COM 91324P102 6,060 24,700 SH   DFND 1 0 0 24,700
UNIVERSAL COM 913456109 420 6,365 SH   SOLE   789 0 5,576
UNUM GROUP COM 91529Y106 1,439 38,900 SH   SOLE   5,500 0 33,400
VENATOR MA COM G9329Z100 1,410 86,200 SH   SOLE   10,800 0 75,400
VIACOM INC COM 92553P201 1,478 49,000 SH   SOLE   7,200 0 41,800
VISHAY INT COM 928298108 1,061 45,744 SH   DFND 1 0 0 45,744
WALGREENS COM 931427108 1,304 21,730 SH   SOLE   2,800 0 18,930
WELLS FARG COM 949746101 898 16,200 SH   DFND 1 0 0 16,200
WESTERN DI COM 958102105 1,375 17,766 SH   SOLE   2,300 0 15,466
WHIRLPOOL COM 963320106 1,413 9,664 SH   SOLE   1,200 0 8,464
WHIRLPOOL COM 963320106 1,272 8,700 SH   DFND 1 0 0 8,700