Full Holdings

%
NET ASSETS
NAME IDENTIFIER SHARES HELD MARKET VALUE ($)
1.144 FLEXTRONICS INTERNATIONAL FLEX 225367 $2,449,739.29
0.845 RENAISSANCERE HOLDINGS RNR 18495 $1,809,550.80
1.169 EVEREST RE HLDG RE 14443 $2,501,960.89
1.131 ORANGE S.A. ORAN 138941 $2,421,741.63
0.696 MAGNA INTERNATIONAL-CL A MGA 15561 $1,489,187.70
0.655 BP AMOCO PLC ADR BP 36000 $1,403,280.00
1.106 PLATINUM UNDERWRITERS HOL PTP 31781 $2,368,320.12
0.979 PARTNERRE LTD PRE 18221 $2,095,232.79
1.179 MONTPELIER RE HOLDINGS MRH 71506 $2,523,446.74
0.819 INGERSOLL-RAND PLC IR 27086 $1,753,547.64
1.125 AXIS AXS 48667 $2,408,529.83
0.895 ASPEN INSURANCE HOLDINGS AHL 44114 $1,915,871.02
1.26 XEROX CORP XRX 193165 $2,698,515.05
1.386 WESTERN DIGITAL WDC 28179 $2,966,966.91
1.297 THE WENDY'S COMPANY WEN 265580 $2,777,966.80
0.548 VISTEON CORPORATION VC 11656 $1,173,409.52
0.931 UNUMPROVIDENT CORP UNM 61239 $1,992,717.06
1.286 TRAVELERS COS INC TRV 25461 $2,754,116.37
0.599 TIME WARNER, INC. TWX 15691 $1,282,268.52
0.888 3M COMPANY MMM 11459 $1,900,933.51
1.185 TEXAS INSTRUMENTS INC TXN 46169 $2,537,909.93
0.996 TELUS CORP TU 59740 $2,132,120.60
1.125 STATE STREET CORP STT 31233 $2,407,751.97
1.075 SPOK HOLDINGS INC SPOK 125492 $2,301,523.28
1.842 SOUTHWEST AIRLINES CO LUV 86985 $3,944,769.75
1.026 SIX FLAGS ENTERTAINMENT SIX 50535 $2,196,251.10
0.966 SANDISK CORP SNDK 26201 $2,067,258.90
0.86 SPX CORP SPW 21805 $1,842,086.40
1.16 REYNOLDS AMERICAN INC RAI 35894 $2,483,505.86
1.316 RAYTHEON RTN 26193 $2,817,842.94
0.437 PHILLIPS 66 PSX 13908 $936,147.48
0.981 PFIZER PFE 64048 $2,101,414.88
1.214 PPG INDUSTRIES INC PPG 11234 $2,598,985.90
1.159 OMNICARE INC OCR 32368 $2,482,301.92
1.369 O'REILLY AUTOMOTIVE INC ORLY 15481 $2,930,862.92
1.097 NVIDIA CORP. NVDA 113750 $2,348,937.50
1.5 NORTHROP GRUMMAN NOC 20524 $3,212,006.00
0.723 NORTHERN TIER ENERGY LP NTI 75807 $1,547,978.94
0.624 NEWELL RUBBERMAID NWL 35051 $1,335,443.10
1.039 NETAPP INC NTAP 56107 $2,225,203.62
1.252 MEDIFAST INC MED 81246 $2,681,118.00
0.822 MARATHON PETROLEUM CORP MPC 20961 $1,760,095.17
1.207 MACY'S INC M 39470 $2,585,285.00
1.38 LOWE'S COS INC LOW 42470 $2,953,788.50
1.223 LILLY (ELI) CO LLY 36129 $2,617,907.34
1.085 LIBERTY MEDIA INT-A QVCA 81303 $2,322,013.68
1.053 LEXMARK INTL GRP INC -CL LXK 56718 $2,254,540.50
1.391 LEGG MASON INC LM 53688 $2,978,610.24
1.223 L-3 COMMUNICATIONS CORP LLL 20413 $2,617,967.25
0.919 LPL FINANCIAL HOLDINGS LPLA 45718 $1,968,159.90
1.06 KOHLS CORP KSS 37719 $2,270,306.61
0.997 KIMBERLY-CLARK KMB 17940 $2,134,501.20
0.934 JUNIPER NETWORKS JNPR 90731 $2,000,618.55
0.418 JOY GLOBAL INC JOY 20206 $895,125.80
1.105 INTL PAPER IP 42872 $2,365,676.96
0.982 HUNTINGTON BANCSHARES HBAN 207098 $2,103,080.19
0.401 HUGOTON ROYALTY TRUST HGT 111242 $858,788.24
1.233 HOME DEPOT INC HD 24879 $2,638,915.53
0.585 HOLLYFRONTIER CORP HFC 38039 $1,253,004.66
0.601 HESS CORP HES 17863 $1,287,386.41
0.767 GLADSTONE CAPITAL CORP GLAD 216136 $1,642,633.60
0.989 GENERAL MILLS INC GIS 38657 $2,117,630.46
0.626 GENERAL DYNAMICS GD 9488 $1,339,800.48
0.941 GAP INC GPS 47840 $2,014,542.40
1.185 GANNETT CO GCI 79167 $2,538,094.02
1.426 FRONTIER COMMUNICATIONS FTR 445675 $3,052,873.75
0.797 FLOWSERVE CORP FLS 30239 $1,706,386.77
0.818 FIFTH THIRD BANCORP FITB 97818 $1,751,920.38
1.138 EXPRESS SCRIPTS HOLDING ESRX 28671 $2,436,748.29
1.1 DU PONT (E I) DE NEMOURS DD 31373 $2,355,798.57
1.284 DR PEPPER SNAPPLE GROUP DPS 34661 $2,750,003.74
0.776 DILLARDS INC A DDS 14325 $1,660,697.25
1.097 CORNING INCORPORATED GLW 98976 $2,347,710.72
0.984 CORELOGIC INC CLGX 60828 $2,105,865.36
1.018 COMPUTER SCIENCES CORP CSC 34286 $2,179,218.16
0.902 COMERICA INC CMA 45210 $1,930,919.10
0.941 COCA COLA ENTERPRISES CCE 45621 $2,013,710.94
1.234 CLEARWATER PAPER CORP CLW 35585 $2,641,474.55
1.088 CHUBB CORP CB 22356 $2,329,271.64
1.298 CHEMED CORP CHE 26254 $2,779,773.52
1.24 CENTURYLINK INC CTL 67425 $2,654,522.25
0.719 CATO CORP, CLASS A CATO 35040 $1,540,008.00
0.704 CAMERON INTL CORP CAM 33981 $1,508,076.78
0.879 CA INC CA 61650 $1,882,791.00
1.373 CVS CORP CVS 29318 $2,940,009.04
1.038 CIT GROUP INC CIT 49279 $2,221,497.32
0.654 CIGNA CORP CI 12488 $1,400,903.84
0.951 CBS CORPORATION CBS 35894 $2,036,266.62
0.59 BERKLEY (WR) CORP WRB 25003 $1,263,651.62
1.149 AVERY DENNISON CORP AVY 45647 $2,459,916.83
0.394 ATLANTIC POWER CORP AT 311362 $843,791.02
0.951 ASSURANT INC AIZ 30880 $2,036,844.80
1.264 APPLE INC AAPL 24076 $2,706,142.40
1.328 ANTHEM INC ANTM 19901 $2,843,056.86
1.25 AMERIPRISE FINANCIAL INC AMPWI 20557 $2,677,138.11
1.025 AMEREN CORPORATION AEE 47402 $2,194,712.60
1.311 ALLSTATE CORP ALL 39008 $2,806,625.60
0.831 ALLIANCE DATA SYSTEMS COR ADS 6046 $1,780,123.78
0.395 ALBEMARLE CORP ALB 14213.51 $846,414.52
0.902 ATT INC T 57158 $1,931,368.82

Data as of 1/22/2015

Holdings are subject to change.