Security Name	Identifier	Classification	Weighting
Depomed, Inc.	DEPO	Health Care	1.14%
Denny's Corp.	DENN	Consumer Discretionary	0.98%
AMN Healthcare Services, Inc.	AHS	Health Care	0.91%
Amerisafe Inc.	AMSF	Financials	0.82%
Blount International, Inc.	BLT	Industrials	0.82%
Rofin-Sinar Technologies Inc.	RSTI	Information Technology	0.80%
Strayer Education, Inc.	STRA	Consumer Discretionary	0.80%
Multi-Color Corporation	LABL	Industrials	0.78%
Chesapeake Utilities Corporation	CPK	Utilities	0.77%
ICF International, Inc.	ICFI	Industrials	0.77%
Newport Corporation	NEWP	Information Technology	0.77%
Ethan Allen Interiors Inc.	ETH	Consumer Discretionary	0.75%
Investment Technology Group, Inc.	ITG	Financials	0.75%
Republic Airways Holdings Inc.	RJET	Industrials	0.75%
WSFS Financial Corporation	WSFS	Financials	0.75%
Engility Holdings, Inc.	EGL	Industrials	0.74%
Shenandoah Telecommunications Company	SHEN	Telecommunication Services	0.74%
Libbey Inc.	LBY	Consumer Discretionary	0.73%
Ameris Bancorp	ABCB	Financials	0.72%
Remy International, Inc.	REMY	Consumer Discretionary	0.72%
Universal Insurance Holdings, Inc.	UVE	Financials	0.72%
Brookline Bancorp, Inc.	BRKL	Financials	0.71%
Stamps.com Inc.	STMP	Information Technology	0.71%
Cynosure Inc.	CYNO	Health Care	0.70%
Ebix, Inc.	EBIX	Information Technology	0.70%
Employers Holdings, Inc.	EIG	Financials	0.70%
Merit Medical Systems, Inc.	MMSI	Health Care	0.70%
Materion Corporation	MTRN	Materials	0.69%
City Holding Company	CHCO	Financials	0.68%
Smith & Wesson Holding Corporation	SWHC	Consumer Discretionary	0.68%
Hanmi Financial Corporation	HAFC	Financials	0.67%
Lakeland Financial Corporation	LKFN	Financials	0.67%
Resources Connection, Inc.	RECN	Industrials	0.67%
United Financial Bancorp Inc	UBNK	Financials	0.67%
Berkshire Hills Bancorp, Inc.	BHLB	Financials	0.66%
FTD Cos Inc	FTD	Consumer Discretionary	0.66%
Sandy Spring Bancorp, Inc.	SASR	Financials	0.66%
Kforce Inc.	KFRC	Industrials	0.65%
Kraton Performance Polymers, Inc.	KRA	Materials	0.65%
Perficient, Inc.	PRFT	Information Technology	0.65%
Tompkins Financial Corp.	TMP	Financials	0.65%
Southside Bancshares, Inc.	SBSI	Financials	0.64%
TrustCo Bank Corp NY	TRST	Financials	0.64%
Calavo Growers, Inc.	CVGW	Consumer Staples	0.63%
Modine Manufacturing Company	MOD	Consumer Discretionary	0.63%
State Bank Financial Corp.	STBZ	Financials	0.63%
American Public Education, Inc.	APEI	Consumer Discretionary	0.62%
Simmons First National Corporation	SFNC	Financials	0.62%
Triple-S Management Corp	GTS	Health Care	0.62%
Fred's, Inc.	FRED	Consumer Discretionary	0.61%
Inteliquent, Inc.	IQNT	Telecommunication Services	0.61%
GP Strategies Corporation	GPX	Industrials	0.59%
Orbotech Ltd.	ORBK	Information Technology	0.59%
Central Pacific Financial Corp.	CPF	Financials	0.58%
Checkpoint Systems, Inc.	CKP	Information Technology	0.58%
Photronics, Inc.	PLAB	Information Technology	0.58%
Tredegar Corporation	TG	Materials	0.58%
CTS Corporation	CTS	Information Technology	0.57%
SJW Corp.	SJW	Utilities	0.57%
Steiner Leisure Limited	STNR	Consumer Discretionary	0.57%
Viad Corp.	VVI	Industrials	0.57%
Winnebago Industries, Inc.	WGO	Consumer Discretionary	0.56%
Community Trust Bancorp, Inc.	CTBI	Financials	0.55%
MYR Group Inc.	MYRG	Industrials	0.55%
Ruth's Hospitality Group, Inc.	RUTH	Consumer Discretionary	0.55%
Washington Trust Bancorp, Inc.	WASH	Financials	0.55%
Atrion Corp	ATRI	Health Care	0.54%
Celadon Group, Inc.	CGI	Industrials	0.54%
Flushing Financial Corporation	FFIC	Financials	0.54%
Haverty Furniture Companies, Inc.	HVT	Consumer Discretionary	0.54%
American Woodmark Corporation	AMWD	Industrials	0.53%
Columbus McKinnon Corporation	CMCO	Industrials	0.53%
CrossAmerica Partners LP	CAPL	Energy	0.53%
EZCORP, Inc.	EZPW	Financials	0.53%
M/I Homes, Inc.	MHO	Consumer Discretionary	0.53%
Centerstate Banks Inc	CSFL	Financials	0.52%
Customers Bancorp, Inc.	CUBI	Financials	0.52%
First NBC Bank Holding Company	FNBC	Financials	0.52%
Integrated Silicon Solution Inc	ISSI	Information Technology	0.52%
U.S. Physical Therapy, Inc.	USPH	Health Care	0.52%
DTS Inc.	DTSI	Information Technology	0.51%
Heritage Financial Corporation	HFWA	Financials	0.51%
L.B. Foster Company	FSTR	Industrials	0.51%
Lydall, Inc.	LDL	Industrials	0.51%
Marten Transport, Ltd.	MRTN	Industrials	0.51%
Net 1 UEPS Technologies Inc	UEPS	Information Technology	0.51%
Tower International, Inc.	TOWR	Consumer Discretionary	0.51%
Unitil Corp	UTL	Utilities	0.51%
Del Frisco's Restaurant Group, Inc.	DFRG	Consumer Discretionary	0.50%
Fabrinet	FN	Information Technology	0.50%
Douglas Dynamics, Inc.	PLOW	Industrials	0.49%
Ingles Markets, Incorporated	IMKTA	Consumer Staples	0.49%
Providence Service Corporation	PRSC	Health Care	0.49%
TriCo Bancshares	TCBK	Financials	0.49%
Park Electrochemical Corp.	PKE	Information Technology	0.48%
TransMontaigne Partners, LP	TLP	Energy	0.48%
Unifi, Inc.	UFI	Consumer Discretionary	0.48%
Coca-Cola Bottling Co. Consolidated	COKE	Consumer Staples	0.47%
Dime Community Bancshares, Inc.	DCOM	Financials	0.47%
First Busey Corporation	BUSE	Financials	0.47%
Journal Communications, Inc.	JRN	Consumer Discretionary	0.47%
Air Transport Services Group, Inc.	ATSG	Industrials	0.46%
Cass Information Systems, Inc.	CASS	Information Technology	0.46%
Cowen Group, Inc. (Class A)	COWN	Financials	0.46%
Global Cash Access Holdings, Inc.	GCA	Information Technology	0.46%
Kadant Inc.	KAI	Industrials	0.46%
PHI Inc. (Non Voting)	PHIIK	Energy	0.46%
Teekay Tankers Ltd.	TNK	Energy	0.46%
Waterstone Financial Inc	WSBF	Financials	0.46%
Era Group Inc.	ERA	Energy	0.45%
NN, Inc.	NNBR	Industrials	0.45%
Stock Yards Bancorp, Inc.	SYBT	Financials	0.45%
Superior Industries International, Inc.	SUP	Consumer Discretionary	0.45%
Westwood Holdings Group, Inc.	WHG	Financials	0.45%
Alamo Group Inc.	ALG	Industrials	0.44%
ConnectOne Bancorp, Inc.	CNOB	Financials	0.44%
HCI Group, Inc.	HCI	Financials	0.44%
Connecticut Water Service, Inc.	CTWS	Utilities	0.43%
GSI Group Inc.	GSIG	Information Technology	0.43%
Myers Industries, Inc.	MYE	Materials	0.43%
Patrick Industries, Inc.	PATK	Industrials	0.43%
PGT, Inc.	PGTI	Industrials	0.43%
1st Source Corporation	SRCE	Financials	0.42%
ePlus inc.	PLUS	Information Technology	0.42%
Stein Mart, Inc.	SMRT	Consumer Discretionary	0.42%
United Insurance Holdings Corporation	UIHC	Financials	0.42%
PC Connection, Inc.	PCCC	Information Technology	0.41%
Argan, Inc.	AGX	Industrials	0.40%
Federated National Holding Company	FNHC	Financials	0.40%
Premiere Global Services, Inc.	PGI	Telecommunication Services	0.40%
Sodastream International Ltd	SODA	Consumer Discretionary	0.40%
Spok Holdings Inc.	SPOK	Telecommunication Services	0.40%
Bryn Mawr Bank Corporation	BMTC	Financials	0.39%
Heidrick & Struggles International, Inc.	HSII	Industrials	0.39%
Lakeland Bancorp, Inc.	LBAI	Financials	0.39%
Powell Industries, Inc.	POWL	Industrials	0.39%
Hawkins, Inc.	HWKN	Materials	0.38%
Insteel Industries Inc	IIIN	Industrials	0.38%
LHC Group Inc.	LHCG	Health Care	0.38%
Medifast, Inc.	MED	Consumer Staples	0.38%
Walker & Dunlop Inc.	WD	Financials	0.38%
Zep Inc.	ZEP	Materials	0.38%
CBIZ, Inc.	CBZ	Industrials	0.37%
Kirkland's, Inc.	KIRK	Consumer Discretionary	0.37%
Landec Corporation	LNDC	Materials	0.37%
Sciclone Pharmaceuticals, Inc.	SCLN	Health Care	0.37%
CAI International Inc	CAP	Industrials	0.36%
Ennis, Inc.	EBF	Industrials	0.36%
The Marcus Corporation	MCS	Consumer Discretionary	0.36%
Metro Bancorp Inc	METR	Financials	0.35%
Mistras Group, Inc.	MG	Industrials	0.35%
Stoneridge, Inc.	SRI	Consumer Discretionary	0.35%
Dice Holdings, Inc.	DHX	Information Technology	0.34%
OMNOVA Solutions Inc.	OMN	Materials	0.34%
PetMed Express, Inc.	PETS	Consumer Discretionary	0.34%
RCS Capital Corp. (Class A)	RCAP	Financials	0.34%
Harte-Hanks, Inc.	HHS	Consumer Discretionary	0.33%
HomeTrust Bancshares Inc.	HTBI	Financials	0.33%
Lumos Networks Corp	LMOS	Telecommunication Services	0.33%
National Presto Industries, Inc.	NPK	Industrials	0.32%
Financial Institutions Inc	FISI	Financials	0.31%
INTL FCStone Inc.	INTL	Financials	0.31%
Lionbridge Technologies Inc	LIOX	Information Technology	0.31%
Mercantile Bank Corporation	MBWM	Financials	0.31%
Nova Measuring Instruments Ltd.	NVMI	Information Technology	0.31%
Independent Bank Corporation (Michigan)	IBCP	Financials	0.30%
SurModics, Inc.	SRDX	Health Care	0.30%
VSE Corporation	VSEC	Industrials	0.30%
Abraxas Petroleum Corporation	AXAS	Energy	0.29%
Furmanite Corporation	FRM	Industrials	0.29%
Landauer, Inc.	LDR	Health Care	0.29%
REX American Resources Corporation	REX	Energy	0.29%
Stonegate Bank	SGBK	Financials	0.29%
Ducommun Incorporated	DCO	Industrials	0.28%
Fox Factory Holding Corp.	FOXF	Consumer Discretionary	0.28%
Kimball International, Inc.	KBAL	Industrials	0.28%
Southwest Bancorp, Inc.	OKSB	Financials	0.28%
Strattec Security Corporation	STRT	Consumer Discretionary	0.28%
Bel Fuse Inc. (Class B)	BELFB	Information Technology	0.27%
CECO Environmental Corp.	CECE	Industrials	0.27%
Pacific Premier Bancorp, Inc.	PPBI	Financials	0.27%
Alliance HealthCare Services Inc.	AIQ	Health Care	0.26%
FutureFuel Corp.	FF	Materials	0.26%
Natural Gas Services Group Inc.	NGS	Energy	0.26%
Entercom Communications Corp.	ETM	Consumer Discretionary	0.25%
Quality Distribution, Inc.	QLTY	Industrials	0.25%
Graham Corp	GHM	Industrials	0.24%
HomeStreet Inc.	HMST	Financials	0.24%
Omega Protein Corporation	OME	Consumer Staples	0.24%
Calamos Asset Management, Inc.	CLMS	Financials	0.23%
Exactech, Inc.	EXAC	Health Care	0.23%
Franklin Covey Co.	FC	Industrials	0.23%
Amira Nature Foods Ltd.	ANFI	Consumer Staples	0.22%
Liberty Tax, Inc.	TAX	Consumer Discretionary	0.22%
Alliance Fiber Optic Products, Inc.	AFOP	Information Technology	0.21%
LGI Homes, Inc.	LGIH	Consumer Discretionary	0.21%
Orchids Paper Products Company	TIS	Consumer Staples	0.21%
Sparton Corporation	SPA	Industrials	0.21%
Sprague Resources LP	SRLP	Energy	0.21%
StealthGas, Inc.	GASS	Energy	0.21%
Christopher & Banks Corporation	CBK	Consumer Discretionary	0.20%
Houston Wire & Cable Company	HWCC	Industrials	0.20%
A.H. Belo Corporation	AHC	Consumer Discretionary	0.19%
Dynamic Materials Corporation	BOOM	Industrials	0.19%
PetroQuest Energy, Inc.	PQ	Energy	0.19%
Skilled Healthcare Group, Inc.	SKH	Health Care	0.19%
FBR & Company	FBRC	Financials	0.18%
Flexsteel Industries, Inc.	FLXS	Consumer Discretionary	0.18%
The McClatchy Company (Class A)	MNI	Consumer Discretionary	0.17%
Manning & Napier Inc.	MN	Financials	0.16%
Sapiens International Corporation NV	SPNS	Information Technology	0.16%
Addus HomeCare Corporation	ADUS	Health Care	0.14%
BBX Capital Corp. (Class A)	BBX	Financials	0.13%
OCI Resources LP	OCIR	Materials	0.13%
Computer Task Group, Inc.	CTG	Information Technology	0.12%
Performant Financial Corp.	PFMT	Industrials	0.12%
Consumer Portfolio Services, Inc.	CPSS	Financials	0.11%
Shiloh Industries, Inc.	SHLO	Consumer Discretionary	0.11%
Warren Resources, Inc.	WRES	Energy	0.09%
China Automotive Systems, Inc.	CAAS	Consumer Discretionary	0.06%
Providence Service Corporation - Rights Offering	PRSC-R	Health Care	0.00%

Holdings are subject to change.