Full Holdings

%
NET ASSETS
NAME IDENTIFIER SHARES HELD MARKET VALUE ($)
0.994 AT&T INC T 60494 $2,213,475.46
1.073 AECOM TECHNOLOGY CORP ACM 68844 $2,390,263.68
1.057 ALLSTATE CORP ALL 41288 $2,355,480.40
0.9 AMEREN CORPORATION AEE 50170 $2,005,796.60
1.18 AMERIPRISE FINANCIAL INC AMP 21757 $2,629,115.88
1.125 APPLE INC AAPL 25480 $2,506,722.40
0.956 ASSURANT INC AIZ 32680 $2,130,736.00
0.838 BP AMOCO PLC ADR BP 38104 $1,866,333.92
0.971 BABCOCK & WILCOX COMPANY BWC 67845 $2,162,898.60
0.98 CBS CORPORATION CBS 37990 $2,183,665.20
0.987 CVR REFINING LP CVRR 83571 $2,199,588.72
1.084 CVS CORP CVS 31030 $2,414,444.30
0.863 CA INC CA 65250 $1,923,570.00
1.187 CAMERON INTL CORP CAM 35965 $2,644,506.45
1.278 CENTURYLINK INC CTL 71361 $2,847,303.90
1.282 CHEMED CORP CHE 27790 $2,856,534.10
0.912 CHESAPEAKE GRANITE WASH CHKR US 179928 $2,031,387.12
0.19 CHINA NEPSTAR DRUG ADR NPD 181424 $422,717.92
1.142 CLEARWATER PAPER CORP CLW 37849 $2,544,966.76
1.034 COCA COLA ENTERPRISES CCE 48285 $2,303,677.35
1.065 COMERICA INC CMA 47850 $2,372,881.50
1.048 COMPUTER SCIENCES CORP CSC 36286 $2,333,915.52
0.968 CONVERSANT INC CNVR 90942 $2,156,234.82
0.79 CORELOGIC INC CLGX 64380 $1,760,793.00
0.94 CORNING INCORPORATED GLW 104752 $2,095,040.00
1.15 CYTEC IND INC CYT 24604 $2,562,260.56
0.815 DILLARDS INC A DDS 15165 $1,816,160.40
1 DR PEPPER SNAPPLE GROUP DPS 36685 $2,226,779.50
0.987 DU PONT (E I) DE NEMOURS DD 33205 $2,198,171.00
0.964 FIFTH THIRD BANCORP FITB 103530 $2,147,212.20
1.09 FLOWSERVE CORP FLS 32007 $2,427,730.95
1.438 FRONTIER COMMUNICATIONS FTR 471699 $3,202,836.21
1.255 GANNETT CO GCI 83791 $2,796,943.58
0.918 GAP INC GPS 50632 $2,045,532.80
0.964 GENERAL MILLS INC GIS 40913 $2,148,341.63
1.04 GLADSTONE CAPITAL CORP GLAD 228760 $2,317,338.80
0.921 HANOVER INSURANCE GROUP THG 34025 $2,052,388.00
0.014 HEALTHSOUTH CORP HLS 784 $31,320.80
0.844 HESS CORP HES 18903 $1,879,336.26
0.833 HOLLYFRONTIER CORP HFC 40263 $1,855,721.67
0.957 HOME DEPOT INC HD 26335 $2,132,608.30
0.527 HUGOTON ROYALTY TRUST HGT 117722 $1,174,865.56
0.968 HUNTINGTON BANCSHARES HBAN 219194 $2,156,868.96
1.022 JUNIPER NETWORKS JNPR 96027 $2,276,800.17
0.913 KIMBERLY-CLARK KMB 18988 $2,033,424.92
0.931 KOHLS CORP KSS 39919 $2,073,392.86
1.077 LPL FINANCIAL HOLDINGS LPLA 48390 $2,399,660.10
1.157 L-3 COMMUNICATIONS CORP LLL 21605 $2,577,044.40
1.289 LEGG MASON INC LM 56824 $2,871,316.72
1.294 LEXMARK INTL GRP INC -CL LXK 60030 $2,882,040.30
1.077 LILLY (ELI) & CO LLY 38241 $2,400,387.57
0.916 LINN CO LLC LNCO 68792 $2,040,370.72
0.969 LOWE'S COS INC LOW 44950 $2,159,398.00
1.08 MACY'S INC M 41774 $2,406,182.40
0.811 MAGNA INTERNATIONAL-CL A MGA 16473 $1,806,429.18
0.793 MARATHON PETROLEUM CORP MPC 22185 $1,766,591.55
1.107 MEDIFAST INC MED 85990 $2,467,053.10
1.186 NIPPON TELEGRAPH & TELE NTT 77837 $2,641,787.78
0.903 NORTHERN TIER ENERGY LP NTI 80231 $2,011,391.17
1.232 NORTHROP GRUMMAN NOC 21724 $2,745,261.88
0.961 NVIDIA CORP. NVDA 120390 $2,140,534.20
1.105 O'REILLY AUTOMOTIVE INC ORLY 16385 $2,462,010.10
0.973 OMNICARE INC OCR 34256 $2,167,034.56
1.068 ORANGE S.A. ORAN 147053 $2,379,317.54
1.094 PPG INDUSTRIES INC PPG 11890 $2,437,331.10
0.905 PFIZER PFE 67783 $2,015,188.59
1.083 PRIMERICA INC PRI 51185 $2,413,372.75
1.151 RAYTHEON RTN 27721 $2,563,915.29
0.976 REYNOLDS AMERICAN INC RAI 37990 $2,175,307.40
1.153 ROCKWOOD HOLDINGS INC ROC 31321 $2,567,695.58
1.072 SPX CORP SPW 23077 $2,388,700.27
1.156 SANDISK CORP SNDK 27729 $2,576,024.10
0.942 SIX FLAGS ENTERTAINMENT SIX 53487 $2,098,829.88
0.964 SMITH & WESSON HLDG CORP SWHC 160722 $2,147,245.92
0.453 JM SMUCKERS CO. SJM 9776 $1,009,372.00
1.186 SOUTHWEST AIRLINES CO LUV 92065 $2,643,186.15
0.886 SPOK HOLDINGS INC SPOK 132820 $1,973,705.20
1.054 STATE STREET CORP STT 33057 $2,347,708.14
0.982 TELUS CORP TU 63228 $2,188,321.08
1.026 TEXAS INSTRUMENTS INC TXN 48865 $2,285,416.05
0.784 3M COMPANY MMM 12131 $1,747,106.62
1.102 TRAVELERS COS INC TRV 26949 $2,455,592.88
1.007 UNUMPROVIDENT CORP UNM 64815 $2,243,247.15
0.853 WAL-MART STORES WMT 25175 $1,899,202.00
1.064 WELLPOINT INC WLP 21061 $2,370,415.55
1.349 WESTERN DIGITAL WDC 29827 $3,006,263.33
1.067 WESTERN REFINING INC WNR 56828 $2,375,978.68
1.191 XEROX CORP XRX 204445 $2,653,696.10
0.224 CASH 499214.04 $499,214.04
0.868 ASPEN INSURANCE HOLDINGS AHL 46690 $1,934,366.70
1.012 AXIS AXS 51507 $2,253,431.25
1.095 EVEREST RE HLDG RE 15283 $2,439,472.46
0.787 INGERSOLL-RAND PLC IR 28670 $1,754,030.60
0.96 MARVEL TECH GROUP MRVL 159524 $2,139,216.84
1.019 MONTPELIER RE HOLDINGS MRH 75682 $2,270,460.00
0.92 PARTNERRE LTD PRE 19285 $2,049,031.25
0.912 PLATINUM UNDERWRITERS HOL PTP 33637 $2,031,002.06
0.912 RENAISSANCERE HOLDINGS RNR 19575 $2,031,885.00
1.14 SEAGATE TECHNOLOGY STX 42775 $2,540,407.25
1.06 TE CONNECTIVITY LTD TEL 37647 $2,361,596.31
0.012 LYONDELLBASELL CL A LYB 242 $26,206.18
1.152 FLEXTRONICS INTERNATIONAL FLEX 238527 $2,566,550.52

Data as of 7/29/2014

Holdings are subject to change.