Full Holdings

%
NET ASSETS
NAME IDENTIFIER SHARES HELD MARKET VALUE ($)
0.971 AT&T INC T 60494 $2,170,524.72
1.081 AECOM TECHNOLOGY CORP ACM 68844 $2,415,735.96
1.077 ALLSTATE CORP ALL 41288 $2,408,329.04
0.9 AMEREN CORPORATION AEE 50170 $2,010,813.60
1.194 AMERIPRISE FINANCIAL INC AMP 21757 $2,668,060.91
1.108 APPLE INC AAPL 25480 $2,476,401.20
0.962 ASSURANT INC AIZ 32680 $2,151,324.40
0.873 BP AMOCO PLC ADR BP 38104 $1,950,543.76
1.008 BABCOCK & WILCOX COMPANY BWC 67845 $2,252,454.00
1.002 CBS CORPORATION CBS 37990 $2,240,270.30
0.982 CVR REFINING LP CVRR 83571 $2,195,410.17
1.085 CVS CORP CVS 31030 $2,424,373.90
0.828 CA INC CA 65250 $1,850,490.00
1.119 CAMERON INTL CORP CAM 35965 $2,502,085.05
1.199 CENTURYLINK INC CTL 71361 $2,681,032.77
1.208 CHEMED CORP CHE 27790 $2,700,076.40
0.896 CHESAPEAKE GRANITE WASH CHKR US 179928 $2,002,598.64
0.19 CHINA NEPSTAR DRUG ADR NPD 181424 $424,532.16
1.018 CLEARWATER PAPER CORP CLW 37849 $2,276,238.86
1.053 COCA COLA ENTERPRISES CCE 48285 $2,354,376.60
1.054 COMERICA INC CMA 47850 $2,356,612.50
1.055 COMPUTER SCIENCES CORP CSC 36286 $2,358,590.00
0.978 CONVERSANT INC CNVR 90942 $2,186,245.68
0.867 CORELOGIC INC CLGX 64380 $1,937,194.20
1.039 CORNING INCORPORATED GLW 104752 $2,323,399.36
1.169 CYTEC IND INC CYT 24604 $2,614,175.00
0.814 DILLARDS INC A DDS 15165 $1,819,496.70
0.959 DR PEPPER SNAPPLE GROUP DPS 36685 $2,143,871.40
0.971 DU PONT (E I) DE NEMOURS DD 33205 $2,170,610.85
0.961 FIFTH THIRD BANCORP FITB 103530 $2,147,212.20
1.034 FLOWSERVE CORP FLS 32007 $2,310,905.40
1.232 FRONTIER COMMUNICATIONS FTR 471699 $2,754,722.16
1.243 GANNETT CO GCI 83791 $2,778,509.56
0.905 GAP INC GPS 50632 $2,022,242.08
0.968 GENERAL MILLS INC GIS 40913 $2,164,297.70
1.023 GLADSTONE CAPITAL CORP GLAD 228760 $2,287,600.00
0.953 HANOVER INSURANCE GROUP THG 34025 $2,130,305.25
0.013 HEALTHSOUTH CORP HLS 784 $28,741.44
0.847 HESS CORP HES 18903 $1,893,324.48
0.809 HOLLYFRONTIER CORP HFC 40263 $1,809,419.22
0.954 HOME DEPOT INC HD 26335 $2,133,661.70
0.544 HUGOTON ROYALTY TRUST HGT 117722 $1,216,068.26
0.967 HUNTINGTON BANCSHARES HBAN 219194 $2,161,252.84
0.964 JUNIPER NETWORKS JNPR 96027 $2,153,885.61
0.93 KIMBERLY-CLARK KMB 18988 $2,079,186.00
0.925 KOHLS CORP KSS 39919 $2,068,602.58
1.062 LPL FINANCIAL HOLDINGS LPLA 48390 $2,374,981.20
1.183 L-3 COMMUNICATIONS CORP LLL 21605 $2,644,019.90
1.287 LEGG MASON INC LM 56824 $2,877,567.36
1.276 LEXMARK INTL GRP INC -CL LXK 60030 $2,852,625.60
1.099 LILLY (ELI) & CO LLY 38241 $2,456,984.25
0.937 LINN CO LLC LNCO 68792 $2,094,716.40
0.963 LOWE'S COS INC LOW 44950 $2,153,554.50
1.074 MACY'S INC M 41774 $2,401,169.52
0.822 MAGNA INTERNATIONAL-CL A MGA 16473 $1,837,233.69
0.76 MARATHON PETROLEUM CORP MPC 22185 $1,699,592.85
1.126 MEDIFAST INC MED 85990 $2,516,927.30
1.173 NIPPON TELEGRAPH & TELE NTT 77837 $2,622,328.53
0.89 NORTHERN TIER ENERGY LP NTI 80231 $1,989,728.80
1.23 NORTHROP GRUMMAN NOC 21724 $2,750,475.64
0.974 NVIDIA CORP. NVDA 120390 $2,176,651.20
1.075 O'REILLY AUTOMOTIVE INC ORLY 16385 $2,402,204.85
0.977 OMNICARE INC OCR 34256 $2,183,477.44
1.033 ORANGE S.A. ORAN 147053 $2,310,202.63
1.119 PPG INDUSTRIES INC PPG 11890 $2,500,585.90
0.921 PFIZER PFE 67783 $2,059,925.37
1.071 PRIMERICA INC PRI 51185 $2,394,946.15
1.183 RAYTHEON RTN 27721 $2,643,751.77
0.971 REYNOLDS AMERICAN INC RAI 37990 $2,171,508.40
1.157 ROCKWOOD HOLDINGS INC ROC 31321 $2,586,801.39
1.105 SPX CORP SPW 23077 $2,469,239.00
1.17 SANDISK CORP SNDK 27729 $2,616,231.15
0.949 SIX FLAGS ENTERTAINMENT SIX 53487 $2,121,294.42
0.999 SMITH & WESSON HLDG CORP SWHC 160722 $2,234,035.80
0.458 JM SMUCKERS CO. SJM 9776 $1,024,036.00
1.189 SOUTHWEST AIRLINES CO LUV 92065 $2,657,916.55
0.878 SPOK HOLDINGS INC SPOK 132820 $1,963,079.60
1.039 STATE STREET CORP STT 33057 $2,323,576.53
1.004 TELUS CORP TU 63228 $2,243,961.72
1.054 TEXAS INSTRUMENTS INC TXN 48865 $2,355,293.00
0.785 3M COMPANY MMM 12131 $1,755,113.08
1.106 TRAVELERS COS INC TRV 26949 $2,473,379.22
1.015 UNUMPROVIDENT CORP UNM 64815 $2,268,525.00
0.867 WAL-MART STORES WMT 25175 $1,938,223.25
1.088 WELLPOINT INC WLP 21061 $2,431,281.84
1.329 WESTERN DIGITAL WDC 29827 $2,970,769.20
1.043 WESTERN REFINING INC WNR 56828 $2,331,084.56
1.169 XEROX CORP XRX 204445 $2,612,807.10
0.223 CASH 499214.04 $499,214.04
0.912 ASPEN INSURANCE HOLDINGS AHL 46690 $2,038,485.40
1.031 AXIS AXS 51507 $2,303,908.11
1.13 EVEREST RE HLDG RE 15283 $2,525,057.26
0.824 INGERSOLL-RAND PLC IR 28670 $1,841,474.10
0.995 MARVEL TECH GROUP MRVL 159524 $2,225,359.80
1.097 MONTPELIER RE HOLDINGS MRH 75682 $2,451,339.98
0.953 PARTNERRE LTD PRE 19285 $2,130,413.95
0.939 PLATINUM UNDERWRITERS HOL PTP 33637 $2,099,285.17
0.941 RENAISSANCERE HOLDINGS RNR 19575 $2,103,529.50
1.133 SEAGATE TECHNOLOGY STX 42775 $2,531,852.25
1.05 TE CONNECTIVITY LTD TEL 37647 $2,346,161.04
0.011 LYONDELLBASELL CL A LYB 242 $24,805.00
1.203 FLEXTRONICS INTERNATIONAL FLEX 238527 $2,688,199.29

Data as of 7/23/2014

Holdings are subject to change.