Ramsey Quantitative Systems 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
ADVANTAGE OIL & GAS LTD	COM	00765F101	72	24,535	SH		SOLE		24,535	0	0
CAMBIUM LEARNING GROUP INC	COM	13201A107	546	48,758	SH		SOLE		48,758	0	0
ABM INDUSTRIES INC	COM	000957100	193	5,778	SH		SOLE		5,778	0	0
ADTRAN INC	COM	00738A106	271	17,451	SH		SOLE		17,451	0	0
ADVANCED ENERGY INDS INC	COM	007973100	183	2,862	SH		SOLE		2,862	0	0
ARGO GROUP INTERNATIONAL	COM	G0464B107	315	5,488	SH		SOLE		5,488	0	0
ADECOAGRO SA	COM	L00849106	310	41,210	SH		SOLE		41,210	0	0
APOLLO INVESTMENT CORP	COM	03761U106	49	9,427	SH		SOLE		9,427	0	0
APPLIED INDUSTRIAL TECH INC	COM	03820C105	361	4,958	SH		SOLE		4,958	0	0
ASSURANT INC	COM	04621X108	267	2,918	SH		SOLE		2,918	0	0
ACADIA REALTY TRUST	COM SH BEN INT	004239109	212	8,615	SH		SOLE		8,615	0	0
AIR LEASE CORP	CL A	00912X302	238	5,581	SH		SOLE		5,581	0	0
ALEXANDER & BALDWIN INC	COM	014491104	282	12,173	SH		SOLE		12,173	0	0
ALAMO GROUP INC	COM	011311107	122	1,106	SH		SOLE		1,106	0	0
AMERICAN NATL BANKSHARES	COM	027745108	63	1,680	SH		SOLE		1,680	0	0
ALLIED MOTION TECHNOLOGIES	COM	019330109	98	2,460	SH		SOLE		2,460	0	0
AUTONATION INC	COM	05329W102	239	5,116	SH		SOLE		5,116	0	0
ALPHA AND OMEGA SEMICONDUCTR	SHS	G6331P104	89	5,761	SH		SOLE		5,761	0	0
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	19	8,615	SH		SOLE		8,615	0	0
ASSOCIATED BANC-CORP	COM	045487105	238	9,586	SH		SOLE		9,586	0	0
ON ASSIGNMENT INC	COM	00191U102	755	9,215	SH		SOLE		9,215	0	0
AUDIOCODES LTD	ORD	M15342104	277	38,709	SH		SOLE		38,709	0	0
ARMSTRONG WORLD INDUSTRIES	COM	04247X102	267	4,745	SH		SOLE		4,745	0	0
ATLANTICA YIELDS PLC	SHS	G0751N103	212	10,836	SH		SOLE		10,836	0	0
ASPEN TECHNOLOGY	COM	045327103	297	3,759	SH		SOLE		3,759	0	0
BARNES GROUP INC	COM	067806109	320	5,337	SH		SOLE		5,337	0	0
BOOZ ALLEN HAMILTON HLDGS	CL A	099502106	343	8,856	SH		SOLE		8,856	0	0
BANCFIRST CORP/OK	COM	05945F103	22	413	SH		SOLE		413	0	0
BEASLEY BROADCAST GROUP INC	CL A	074014101	31	2,755	SH		SOLE		2,755	0	0
BRUNSWICK CORP	COM	117043109	284	4,788	SH		SOLE		4,788	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	232	4,376	SH		SOLE		4,376	0	0
BGC PARTNERS INC	CL A	05541T101	477	35,461	SH		SOLE		35,461	0	0
BRIGGS & STRATTON	COM	109043109	206	9,624	SH		SOLE		9,624	0	0
B&G FOODS INC	COM	05508R106	181	7,626	SH		SOLE		7,626	0	0
BENCHMARK ELECTRONICS INC	COM	08160H101	346	11,604	SH		SOLE		11,604	0	0
BERKSHIRE HILLS BANCORP INC	COM	084680107	10	271	SH		SOLE		271	0	0
BIG LOTS INC	COM	089302103	206	4,727	SH		SOLE		4,727	0	0
BLACKROCK CAPITAL INVT CORP	COM	092533108	110	18,292	SH		SOLE		18,292	0	0
BLACK HILLS	COM	092113109	202	3,716	SH		SOLE		3,716	0	0
BANKUNITED INC	COM	06652K103	567	14,185	SH		SOLE		14,185	0	0
BANK OF MARIN BANCORP	COM	063425102	12	178	SH		SOLE		178	0	0
BRYN MAWR BANK CORP	COM	117665109	10	217	SH		SOLE		217	0	0
BRUKER CORP	COM	116794108	294	9,839	SH		SOLE		9,839	0	0
BRIXMOR PROPERTY GROUP INC	COM	11120U105	276	18,096	SH		SOLE		18,096	0	0
BASSETT FURNITURE INDS	COM	070203104	18	581	SH		SOLE		581	0	0
BRIGHTSPHERE INVESTMENT GROUP	SHS	G1644T109	277	17,568	SH		SOLE		17,568	0	0
SIERRA BANCORP/CA	COM	82620P102	84	3,150	SH		SOLE		3,150	0	0
FIRST BUSEY CORP	COM NEW	319383204	54	1,806	SH		SOLE		1,806	0	0
BANKWELL FINANCIAL GROUP INC	COM	06654A103	22	682	SH		SOLE		682	0	0
BANCORPSOUTH INC	COM	05971J102	244	7,675	SH		SOLE		7,675	0	0
BOYD GAMING CORP	COM	103304101	264	8,297	SH		SOLE		8,297	0	0
CACI INTL INC -CL A	CL A	127190304	386	2,551	SH		SOLE		2,551	0	0
CHEESECAKE FACTORY	COM	163072101	261	5,421	SH		SOLE		5,421	0	0
CAMBRIDGE BANCORP	COM	132152109	45	521	SH		SOLE		521	0	0
CATHAY GENERAL BANCORP	COM	149150104	232	5,802	SH		SOLE		5,802	0	0
COMMUNITY BANK SYSTEM INC	COM	203607106	235	4,387	SH		SOLE		4,387	0	0
CBIZ INC	COM	124805102	116	6,383	SH		SOLE		6,383	0	0
CAPITAL CITY BK GROUP INC	COM	139674105	81	3,288	SH		SOLE		3,288	0	0
CHASE CORP	COM	16150R104	43	372	SH		SOLE		372	0	0
CABOT MICROELECTRONICS CORP	COM	12709P103	384	3,589	SH		SOLE		3,589	0	0
COGENT COMMUNICATIONS HLDGS	COM NEW	19239V302	195	4,499	SH		SOLE		4,499	0	0
CAPITOL FEDERAL FINL INC	COM	14057J101	217	17,587	SH		SOLE		17,587	0	0
CHARTER FINANCIAL CORP/MD	COM	16122W108	109	5,352	SH		SOLE		5,352	0	0
CHOICE HOTELS INTL INC	COM	169905106	349	4,351	SH		SOLE		4,351	0	0
CHEMUNG FINANCIAL CORP	COM	164024101	31	670	SH		SOLE		670	0	0
COLLECTORS UNIVERSE INC	COM NEW	19421R200	29	1,837	SH		SOLE		1,837	0	0
CORELOGIC INC	COM	21871D103	234	5,171	SH		SOLE		5,171	0	0
CELESTICA INC	SUB VTG SHS	15101Q108	327	31,602	SH		SOLE		31,602	0	0
CANTEL MEDICAL CORP	COM	138098108	366	3,282	SH		SOLE		3,282	0	0
CNO FINANCIAL GROUP INC	COM	12621E103	477	22,035	SH		SOLE		22,035	0	0
CONSOLIDATED COMM HLDGS INC	COM	209034107	139	12,650	SH		SOLE		12,650	0	0
CENTURY CASINOS INC	COM	156492100	82	10,969	SH		SOLE		10,969	0	0
COLUMBIA BANKING SYSTEM INC	COM	197236102	234	5,573	SH		SOLE		5,573	0	0
COLUMBIA SPORTSWEAR CO	COM	198516106	359	4,698	SH		SOLE		4,698	0	0
CORESITE REALTY CORP	COM	21870Q105	219	2,189	SH		SOLE		2,189	0	0
COTT CORP QUE	COM	22163N106	298	20,269	SH		SOLE		20,269	0	0
CRANE COMPANY	COM	224399105	351	3,784	SH		SOLE		3,784	0	0
CRH MEDICAL CORP	COM	12626F105	79	30,877	SH		SOLE		30,877	0	0
CARTER'S INC	COM	146229109	261	2,507	SH		SOLE		2,507	0	0
CARLISLE COS INC	COM	142339100	310	2,971	SH		SOLE		2,971	0	0
COMMUNITY TRUST BANCORP INC	COM	204149108	10	217	SH		SOLE		217	0	0
CARETRUST REIT INC	COM	14174T107	172	12,831	SH		SOLE		12,831	0	0
CUBESMART	COM	229663109	251	8,910	SH		SOLE		8,910	0	0
CENTRAL VALLEY CMNTY BANCORP	COM	155685100	111	5,658	SH		SOLE		5,658	0	0
CIVEO CORP	COM	17878Y108	110	29,223	SH		SOLE		29,223	0	0
COMMVAULT SYSTEMS INC	COM	204166102	266	4,659	SH		SOLE		4,659	0	0
CODORUS VALLEY BANCORP	COM	192025104	92	3,259	SH		SOLE		3,259	0	0
CASELLA WASTE SYS INC -CL A	CL A	147448104	89	3,800	SH		SOLE		3,800	0	0
CALIFORNIA WATER SERVICE GP	COM	130788102	277	7,446	SH		SOLE		7,446	0	0
CYBERARK SOFTWARE LTD	SHS	M2682V108	292	5,723	SH		SOLE		5,723	0	0
CHINA YUCHAI INTERNATIONAL	COM	G21082105	280	13,241	SH		SOLE		13,241	0	0
DANA HOLDING CORP	COM	235825205	205	7,954	SH		SOLE		7,954	0	0
DARLING INT'L	COM	237266101	230	13,288	SH		SOLE		13,288	0	0
DENNYS CORP	COM	24869P104	286	18,556	SH		SOLE		18,556	0	0
DONEGAL GROUP INC	CL A	257701201	38	2,400	SH		SOLE		2,400	0	0
DUN & BRADSTREET CORP	COM	26483E100	334	2,852	SH		SOLE		2,852	0	0
DYNEX CAPITAL INC	COM NEW	26817Q506	10	1,572	SH		SOLE		1,572	0	0
MERIDIAN BANCORP INC (MD)	COM	58958U103	94	4,673	SH		SOLE		4,673	0	0
ENTERPRISE BANCORP INC/MA	COM	293668109	134	3,789	SH		SOLE		3,789	0	0
ENTERPRISE FINL SERVICES CP	COM	293712105	36	775	SH		SOLE		775	0	0
EGAIN CORP	COM NEW	28225C806	30	3,798	SH		SOLE		3,798	0	0
NAT'L INFO CONSORT	COM	62914B100	190	14,265	SH		SOLE		14,265	0	0
EMPLOYERS HOLDINGS INC	COM	292218104	36	882	SH		SOLE		882	0	0
CALLAWAY GOLF CO	COM	131193104	275	16,807	SH		SOLE		16,807	0	0
ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF	JPMORGAN USD EMG	464288281	12,188	108,034	SH		SOLE		108,034	0	0
EMC INSURANCE GROUP INC	COM	268664109	39	1,441	SH		SOLE		1,441	0	0
EMCOR GROUP	COM	29084Q100	557	7,143	SH		SOLE		7,143	0	0
ENERSYS INC	COM	29275Y102	336	4,849	SH		SOLE		4,849	0	0
ENTEGRIS INC	COM	29362U104	258	7,405	SH		SOLE		7,405	0	0
EPAM SYSTEMS INC	COM	29414B104	665	5,803	SH		SOLE		5,803	0	0
EDGEWELL PERSONAL CARE CO	COM	28035Q102	182	3,735	SH		SOLE		3,735	0	0
ESSENT GROUP LTD	COM	G3198U102	288	6,777	SH		SOLE		6,777	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	264	3,027	SH		SOLE		3,027	0	0
EVERI HOLDINGS INC	COM	30034T103	60	9,086	SH		SOLE		9,086	0	0
EVERTEC INC	COM	30040P103	264	16,169	SH		SOLE		16,169	0	0
FIRST CMNTY BANCSHARES INC	COM	31983A103	105	3,512	SH		SOLE		3,512	0	0
FIRST COMMONWLTH FINL CP/PA	COM	319829107	235	16,657	SH		SOLE		16,657	0	0
FIRST CITIZENS BANCSH -CL A	CL A	31946M103	302	730	SH		SOLE		730	0	0
FIRST DEFIANCE FINANCIAL CP	COM	32006W106	68	1,190	SH		SOLE		1,190	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	247	5,449	SH		SOLE		5,449	0	0
FIRST FOUNDATION INC	COM	32026V104	11	570	SH		SOLE		570	0	0
FIRST GUARANTY BANCSHARES	COM	32043P106	11	427	SH		SOLE		427	0	0
FEDERATED INVESTORS INC	CL B	314211103	261	7,805	SH		SOLE		7,805	0	0
FINANCIAL INSTITUTIONS INC	COM	317585404	106	3,578	SH		SOLE		3,578	0	0
FLOWERS INDUSTRIES	COM	343498101	279	12,744	SH		SOLE		12,744	0	0
FARMERS & MERCHANTS BCP/OH	COM	30779N105	24	595	SH		SOLE		595	0	0
FIRST MIDWEST BANCORP INC	COM	320867104	258	10,503	SH		SOLE		10,503	0	0
FARMERS NATL BANC CORP/OH	COM	309627107	39	2,832	SH		SOLE		2,832	0	0
FNB BANCORP CALIF	COM	302515101	23	619	SH		SOLE		619	0	0
FERRO CORP	COM	315405100	332	14,314	SH		SOLE		14,314	0	0
FIRST MERCHANTS CORP	COM	320817109	292	6,996	SH		SOLE		6,996	0	0
FRP HOLDINGS INC	COM	30292L107	314	5,599	SH		SOLE		5,599	0	0
FS INVESTMENT CORP	COM	302635107	514	70,929	SH		SOLE		70,929	0	0
FORTUNA SILVER MINES INC	COM	349915108	34	6,526	SH		SOLE		6,526	0	0
FULLER (H.B.) CO	COM	359694106	212	4,265	SH		SOLE		4,265	0	0
FULTON FINANCIAL	COM	360271100	528	29,764	SH		SOLE		29,764	0	0
GLADSTONE INVESTMENT CORP	COM	376546107	37	3,677	SH		SOLE		3,677	0	0
GLACIER BANCORP	COM	37637Q105	245	6,388	SH		SOLE		6,388	0	0
GUARANTY BANCORP	COM NEW	40075T607	12	425	SH		SOLE		425	0	0
GOLDEN ENTERTAINMENT INC	COM	381013101	120	5,147	SH		SOLE		5,147	0	0
GRACO	COM	384109104	341	7,467	SH		SOLE		7,467	0	0
GRAHAM CORP	COM	384556106	108	5,039	SH		SOLE		5,039	0	0
GILAT SATELLITE NETWORKS LTD	SHS NEW	M51474118	315	35,769	SH		SOLE		35,769	0	0
GRAMERCY PROPERTY TRUST	COM NEW	385002308	177	8,166	SH		SOLE		8,166	0	0
GP STRATEGIES CORP	COM	36225V104	132	5,808	SH		SOLE		5,808	0	0
GREAT SOUTHERN BANCORP	COM	390905107	94	1,878	SH		SOLE		1,878	0	0
HALLMARK FINANCIAL SERVICES	COM NEW	40624Q203	46	5,207	SH		SOLE		5,207	0	0
HOME BANCORP INC	COM	43689E107	138	3,198	SH		SOLE		3,198	0	0
HANCOCK HOLDING	COM	410120109	257	4,975	SH		SOLE		4,975	0	0
HORIZON BANCORP/IN	COM	440407104	25	819	SH		SOLE		819	0	0
HUTTIG BUILDING PRODUCTS INC	COM	448451104	45	8,683	SH		SOLE		8,683	0	0
HERITAGE-CRYSTAL CLEAN INC	COM	42726M106	119	5,048	SH		SOLE		5,048	0	0
HACKETT GROUP INC	COM	404609109	242	15,043	SH		SOLE		15,043	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	199	4,585	SH		SOLE		4,585	0	0
HAWAIIAN ELECTRIC INDS	COM	419870100	229	6,652	SH		SOLE		6,652	0	0
HERITAGE FINANCIAL CORP	COM	42722X106	32	1,047	SH		SOLE		1,047	0	0
HILLENBRAND INC	COM	431571108	347	7,554	SH		SOLE		7,554	0	0
HINGHAM INSTN SVGS	COM	433323102	30	147	SH		SOLE		147	0	0
HORACE MANN EDUCATORS CORP	COM	440327104	285	6,672	SH		SOLE		6,672	0	0
HALLADOR ENERGY CO	COM	40609P105	94	13,637	SH		SOLE		13,637	0	0
HOME BANCSHARES INC	COM	436893200	246	10,789	SH		SOLE		10,789	0	0
HOPE BANCORP INC	COM	43940T109	532	29,268	SH		SOLE		29,268	0	0
HILL-ROM HOLDINGS INC	COM	431475102	349	4,006	SH		SOLE		4,006	0	0
HRG GROUP INC	COM	40434J100	329	19,922	SH		SOLE		19,922	0	0
HEIDRICK & STRUGGLES INTL	COM	422819102	31	983	SH		SOLE		983	0	0
HOMETRUST BANCSHARES INC	COM	437872104	122	4,674	SH		SOLE		4,674	0	0
HERITAGE COMMERCE CORP	COM	426927109	10	600	SH		SOLE		600	0	0
HILLTOP HOLDINGS INC	COM	432748101	273	11,617	SH		SOLE		11,617	0	0
HAWKINS INC	COM	420261109	123	3,506	SH		SOLE		3,506	0	0
HYSTER-YALE MATERIALS HNDLNG	COM	449172105	19	271	SH		SOLE		271	0	0
ISHARES IBOXX USD HIGH YELD	IBOXX HI YD ETF	464288513	11,631	135,814	SH		SOLE		135,814	0	0
HALYARD HEALTH INC	COM	40650V100	265	5,753	SH		SOLE		5,753	0	0
INDEPENDENT BANK CORP/MI	COM NEW	453838609	135	5,890	SH		SOLE		5,890	0	0
IBERIABANK CORP	COM	450828108	256	3,288	SH		SOLE		3,288	0	0
INTL BANCSHARES CORP	COM	459044103	288	7,412	SH		SOLE		7,412	0	0
ICF INTERNATIONAL INC	COM	44925C103	196	3,347	SH		SOLE		3,347	0	0
ICON PLC	SHS	G4705A100	356	3,011	SH		SOLE		3,011	0	0
INTL FCSTONE INC	COM	46116V105	34	785	SH		SOLE		785	0	0
INTERXION HOLDING NV	SHS	N47279109	282	4,542	SH		SOLE		4,542	0	0
INTER PARFUMS INC	COM	458334109	289	6,130	SH		SOLE		6,130	0	0
INNOPHOS HOLDINGS INC	COM	45774N108	115	2,861	SH		SOLE		2,861	0	0
INVESTORS BANCORP INC.	COM	46146L101	241	17,637	SH		SOLE		17,637	0	0
ITRON INC	COM	465741106	354	4,951	SH		SOLE		4,951	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	231	14,084	SH		SOLE		14,084	0	0
J2 GLOBAL INC	COM	48123V102	258	3,271	SH		SOLE		3,271	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	303	5,119	SH		SOLE		5,119	0	0
JOHNSON OUTDOORS INC -CL A	CL A	479167108	43	689	SH		SOLE		689	0	0
KIMBALL INTERNATIONAL -CL B	CL B	494274103	113	6,614	SH		SOLE		6,614	0	0
KB HOME	COM	48666K109	252	8,841	SH		SOLE		8,841	0	0
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	425	8,117	SH		SOLE		8,117	0	0
KFORCE INC	COM	493732101	53	1,967	SH		SOLE		1,967	0	0
KORN/FERRY INTERNATIONAL	COM NEW	500643200	421	8,160	SH		SOLE		8,160	0	0
KIRKLAND LAKE GOLD LTD	COM	49741E100	53	3,440	SH		SOLE		3,440	0	0
KULICKE & SOFFA INDUSTRIES	COM	501242101	32	1,260	SH		SOLE		1,260	0	0
KMG CHEMICALS INC	COM	482564101	58	970	SH		SOLE		970	0	0
KEMPER CORP/DE	COM	488401100	243	4,271	SH		SOLE		4,271	0	0
KNIGHT TRANSPORTATION INC	CL A	499049104	269	5,850	SH		SOLE		5,850	0	0
KEARNY FINANCIAL CORP	COM	48716P108	209	16,115	SH		SOLE		16,115	0	0
QUAKER CHEMICAL CORP	COM	747316107	332	2,239	SH		SOLE		2,239	0	0
LANCASTER COLONY CORP	COM	513847103	238	1,936	SH		SOLE		1,936	0	0
LAWSON PRODUCTS	COM	520776105	109	4,300	SH		SOLE		4,300	0	0
LAZARD LTD-CL A	SHS A	G54050102	295	5,605	SH		SOLE		5,605	0	0
LCNB CORP	COM	50181P100	19	993	SH		SOLE		993	0	0
LIFETIME BRANDS INC	COM	53222Q103	151	12,173	SH		SOLE		12,173	0	0
LYDALL INC	COM	550819106	114	2,360	SH		SOLE		2,360	0	0
LEGG MASON INC	COM	524901105	258	6,352	SH		SOLE		6,352	0	0
GRAND CANYON EDUCATION INC	COM	38526M106	396	3,772	SH		SOLE		3,772	0	0
LPL FINANCIAL HOLDINGS INC	COM	50212V100	613	10,039	SH		SOLE		10,039	0	0
LIFEPOINT HEALTH INC	COM	53219L109	237	5,036	SH		SOLE		5,036	0	0
LA QUINTA HOLDINGS INC	COM	50420D108	346	18,292	SH		SOLE		18,292	0	0
K12 INC	COM	48273U102	106	7,479	SH		SOLE		7,479	0	0
LIFE STORAGE INC	COM	53223X107	251	3,000	SH		SOLE		3,000	0	0
LSI INDUSTRIES INC	COM	50216C108	28	3,435	SH		SOLE		3,435	0	0
MERCANTILE BANK CORP	COM	587376104	72	2,162	SH		SOLE		2,162	0	0
MEDLEY CAPITAL CORP	COM	58503F106	30	7,505	SH		SOLE		7,505	0	0
MDU RESOURCES GROUP	COM	552690109	354	12,562	SH		SOLE		12,562	0	0
MAGIC SOFTWARE ENTERPRISES	ORD	559166103	299	35,232	SH		SOLE		35,232	0	0
MAGELLAN HEALTH INC	COM NEW	559079207	375	3,497	SH		SOLE		3,497	0	0
MCGRATH RENTCORP	COM	580589109	171	3,178	SH		SOLE		3,178	0	0
MICHAELS COS INC	COM	59408Q106	246	12,488	SH		SOLE		12,488	0	0
MITEL NETWORKS CORP	COM	60671Q104	28	2,994	SH		SOLE		2,994	0	0
MAUI LAND & PINEAPPLE CO	COM	577345101	93	7,961	SH		SOLE		7,961	0	0
MILLER INDUSTRIES INC/TN	COM NEW	600551204	68	2,719	SH		SOLE		2,719	0	0
MERIT MEDICAL SYSTEMS INC	COM	589889104	289	6,373	SH		SOLE		6,373	0	0
MIDWESTONE FINANCIAL GROUP	COM	598511103	51	1,519	SH		SOLE		1,519	0	0
MOOG INC -CL A	CL A	615394202	320	3,888	SH		SOLE		3,888	0	0
MEDICAL PROPERTIES TRUST	COM	58463J304	238	18,331	SH		SOLE		18,331	0	0
MSA SAFETY INC	COM	553498106	363	4,356	SH		SOLE		4,356	0	0
MAINSOURCE FINL GROUP INC	COM	56062Y102	45	1,113	SH		SOLE		1,113	0	0
MGIC INVESTMENT CORP/WI	COM	552848103	271	20,854	SH		SOLE		20,854	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	328	4,904	SH		SOLE		4,904	0	0
MVB FINANCIAL CORP	COM	553810102	19	973	SH		SOLE		973	0	0
MVC CAPITAL INC	COM	553829102	120	12,090	SH		SOLE		12,090	0	0
MUELLER WATER PRODUCTS INC	COM SER A	624758108	293	26,949	SH		SOLE		26,949	0	0
NAVIGANT CONSULTING INC	COM	63935N107	270	14,010	SH		SOLE		14,010	0	0
NCR CORPORATION	COM	62886E108	238	7,557	SH		SOLE		7,557	0	0
NATURAL GAS SERVICES GROUP	COM	63886Q109	97	4,085	SH		SOLE		4,085	0	0
NATIONAL HEALTHCARE CORP	COM	635906100	191	3,208	SH		SOLE		3,208	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	219	5,455	SH		SOLE		5,455	0	0
NL INDUSTRIES	COM NEW	629156407	152	19,357	SH		SOLE		19,357	0	0
NOVANTA INC	COM	67000B104	74	1,417	SH		SOLE		1,417	0	0
NEENAH PAPER INC	COM	640079109	21	274	SH		SOLE		274	0	0
NATIONAL RESEARCH CORP	CL A	637372202	20	690	SH		SOLE		690	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	41	1,184	SH		SOLE		1,184	0	0
NETGEAR INC	COM	64111Q104	297	5,198	SH		SOLE		5,198	0	0
NU SKIN ENTERPRISES -CL A	CL A	67018T105	281	3,813	SH		SOLE		3,813	0	0
NUVASIVE INC	COM	670704105	223	4,275	SH		SOLE		4,275	0	0
NORTHWEST BANCSHARES INC	COM	667340103	238	14,375	SH		SOLE		14,375	0	0
OAKTREE STRATEGIC INCOME CP	COM	67402D104	61	7,706	SH		SOLE		7,706	0	0
OAKTREE SPECIALTY LENDING CP	COM	67401P108	61	14,437	SH		SOLE		14,437	0	0
OIL DRI CORP AMERICA	COM	677864100	197	4,904	SH		SOLE		4,904	0	0
ORION ENGINEERED CARBONS SA	COM	L72967109	357	13,190	SH		SOLE		13,190	0	0
ORTHOFIX INTERNATIONAL NV	COM	N6748L102	265	4,514	SH		SOLE		4,514	0	0
OLD LINE BANCSHARES INC	COM	67984M100	61	1,836	SH		SOLE		1,836	0	0
OPPENHEIMER HOLDINGS INC	CL A NON VTG	683797104	11	432	SH		SOLE		432	0	0
ORMAT TECHNOLOGIES INC	COM	686688102	298	5,279	SH		SOLE		5,279	0	0
ORBCOMM INC	COM	68555P100	201	21,443	SH		SOLE		21,443	0	0
ORBOTECH LTD	ORD	M75253100	37	588	SH		SOLE		588	0	0
ORRSTOWN FINANCIAL SVCS INC	COM	687380105	23	932	SH		SOLE		932	0	0
OXFORD SQUARE CAPITAL CORP	COM	69181V107	111	18,140	SH		SOLE		18,140	0	0
PACWEST BANCORP	COM	695263103	289	5,838	SH		SOLE		5,838	0	0
PENSKE AUTOMOTIVE GROUP INC	COM	70959W103	231	5,202	SH		SOLE		5,202	0	0
PAYCOM SOFTWARE INC	COM	70432V102	317	2,950	SH		SOLE		2,950	0	0
PATTERSON COMPANIES INC	COM	703395103	146	6,554	SH		SOLE		6,554	0	0
PEOPLES BANCORP INC/OH	COM	709789101	13	361	SH		SOLE		361	0	0
PINNACLE FOODS INC	COM	72348P104	307	5,678	SH		SOLE		5,678	0	0
PREMIER FINANCIAL BANCORP	COM	74050M105	105	5,624	SH		SOLE		5,624	0	0
PROVIDENT FINANICAL SERVICES	COM	74386T105	228	8,916	SH		SOLE		8,916	0	0
PEAPACK-GLADSTONE FINL CORP	COM	704699107	42	1,260	SH		SOLE		1,260	0	0
PREFORMED LINE PRODUCTS CO	COM	740444104	121	1,857	SH		SOLE		1,857	0	0
EPLUS INC	COM	294268107	99	1,273	SH		SOLE		1,273	0	0
PINGTAN MARINE ENTERPRISE LT	SHS	G7114V102	126	42,020	SH		SOLE		42,020	0	0
PENNANTPARK INVESTMENT CORP	COM	708062104	81	12,069	SH		SOLE		12,069	0	0
PORTLAND GENERAL ELECTRIC CO	COM NEW	736508847	206	5,080	SH		SOLE		5,080	0	0
POWELL INDUSTRIES INC	COM	739128106	43	1,609	SH		SOLE		1,609	0	0
PROASSURANCE CORP	COM	74267C106	250	5,149	SH		SOLE		5,149	0	0
PROGRESS SOFTWARE CORP	COM	743312100	305	7,932	SH		SOLE		7,932	0	0
QUANTA SERVICES INC	COM	74762E102	297	8,634	SH		SOLE		8,634	0	0
PAPA JOHNS INTERNATIONAL INC	COM	698813102	204	3,564	SH		SOLE		3,564	0	0
QAD INC	CL A	74727D306	189	4,531	SH		SOLE		4,531	0	0
QCR HOLDINGS INC	COM	74727A104	136	3,039	SH		SOLE		3,039	0	0
QIAGEN NV	SHS NEW	N72482123	353	10,917	SH		SOLE		10,917	0	0
QUALITY SYSTEMS INC	COM	747582104	235	17,237	SH		SOLE		17,237	0	0
QUARTERHILL INC	COM	747713105	135	93,070	SH		SOLE		93,070	0	0
QTS REALTY TRUST INC	COM CL A	74736A103	152	4,192	SH		SOLE		4,192	0	0
REPUBLIC BANCORP INC/KY	CL A	760281204	40	1,052	SH		SOLE		1,052	0	0
RESOURCES CONNECTION INC	COM	76122Q105	74	4,591	SH		SOLE		4,591	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	379	4,892	SH		SOLE		4,892	0	0
RADIANT LOGISTICS INC	COM	75025X100	17	4,397	SH		SOLE		4,397	0	0
RAMBUS INC	COM	750917106	221	16,486	SH		SOLE		16,486	0	0
RIGNET INC.	COM	766582100	137	10,089	SH		SOLE		10,089	0	0
RETAIL OPPORTUNITY INVTS CP	COM	76131N101	238	13,488	SH		SOLE		13,488	0	0
RETAIL PPTYS OF AMERICA INC	CL A	76131V202	293	25,124	SH		SOLE		25,124	0	0
REXNORD CORP	COM	76169B102	282	9,503	SH		SOLE		9,503	0	0
SANDERSON FARMS INC	COM	800013104	193	1,621	SH		SOLE		1,621	0	0
ECHOSTAR CORP	CL A	278768106	297	5,637	SH		SOLE		5,637	0	0
SANTANDER CONSUMER USA HLDGS	COM	80283M101	258	15,803	SH		SOLE		15,803	0	0
STEELCASE INC	CL A	858155203	227	16,668	SH		SOLE		16,668	0	0
SCANSOURCE INC	COM	806037107	66	1,857	SH		SOLE		1,857	0	0
SERVICEMASTER GLOBAL HLDGS	COM	81761R109	335	6,586	SH		SOLE		6,586	0	0
STIFEL FINANCIAL CORP	COM	860630102	271	4,573	SH		SOLE		4,573	0	0
SHIP FINANCE INTL LTD	SHS	G81075106	233	16,277	SH		SOLE		16,277	0	0
SUPERIOR UNIFORM GROUP INC	COM	868358102	109	4,167	SH		SOLE		4,167	0	0
STEVEN MADDEN	COM	556269108	273	6,218	SH		SOLE		6,218	0	0
SELECTIVE INS GROUP INC	COM	816300107	304	5,013	SH		SOLE		5,013	0	0
SILGAN HOLDINGS INC	COM	827048109	320	11,489	SH		SOLE		11,489	0	0
SOLAR CAPITAL LTD	COM	83413U100	92	4,513	SH		SOLE		4,513	0	0
SOUTHERN MISSOURI BANCORP	COM	843380106	88	2,408	SH		SOLE		2,408	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	207	12,187	SH		SOLE		12,187	0	0
SUMMIT FINANCIAL GROUP INC	COM	86606G101	20	782	SH		SOLE		782	0	0
SEMTECH	COM	816850101	231	5,907	SH		SOLE		5,907	0	0
SIERRA METALS INC	COM	82639W106	276	107,355	SH		SOLE		107,355	0	0
SYNOVUS FINANCIAL CORP	COM NEW	87161C501	307	6,138	SH		SOLE		6,138	0	0
SP PLUS CORP	COM	78469C103	50	1,415	SH		SOLE		1,415	0	0
SIMPSON MANUFACTURING INC	COM	829073105	251	4,351	SH		SOLE		4,351	0	0
STERLING BANCORP	COM	85917A100	218	9,681	SH		SOLE		9,681	0	0
SOLAR SENIOR CAPITAL LTD	COM	83416M105	93	5,545	SH		SOLE		5,545	0	0
SCHWEITZER-MAUDUIT INTL INC	COM	808541106	65	1,669	SH		SOLE		1,669	0	0
STANDEX INTERNATIONAL CORP	COM	854231107	50	525	SH		SOLE		525	0	0
TRUEBLUE INC	COM	89785X101	253	9,756	SH		SOLE		9,756	0	0
TERRITORIAL BANCORP INC	COM	88145X108	115	3,892	SH		SOLE		3,892	0	0
THL CREDIT INC	COM	872438106	58	7,456	SH		SOLE		7,456	0	0
TELEPHONE & DATA SYSTEMS INC	COM NEW	879433829	233	8,319	SH		SOLE		8,319	0	0
TREDEGAR CORP	COM	894650100	33	1,845	SH		SOLE		1,845	0	0
TASEKO MINES LTD	COM	876511106	69	59,623	SH		SOLE		59,623	0	0
FIRST FINANCIAL CORP/IN	COM	320218100	9	215	SH		SOLE		215	0	0
HANOVER INSURANCE GROUP INC	COM	410867105	321	2,722	SH		SOLE		2,722	0	0
INTERFACE INC	COM	458665304	658	26,107	SH		SOLE		26,107	0	0
THIRD POINT REINSURANCE LTD	COM	G8827U100	290	20,767	SH		SOLE		20,767	0	0
TRIPLEPOINT VENTURE GWTH BDC	COM	89677Y100	11	884	SH		SOLE		884	0	0
TEJON RANCH CO	COM	879080109	29	1,245	SH		SOLE		1,245	0	0
SPEEDWAY MOTORSPORTS INC	COM	847788106	279	15,662	SH		SOLE		15,662	0	0
TRINITY INDUSTRIES	COM	896522109	243	7,457	SH		SOLE		7,457	0	0
TRIMAS CORP	COM NEW	896215209	30	1,136	SH		SOLE		1,136	0	0
TRISTATE CAPITAL HLDGS INC	COM	89678F100	12	515	SH		SOLE		515	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	267	9,908	SH		SOLE		9,908	0	0
TPG SPECIALTY LENDING INC	COM	87265K102	47	2,650	SH		SOLE		2,650	0	0
TORO CO	COM	891092108	323	5,177	SH		SOLE		5,177	0	0
TETRA TECH INC	COM	88162G103	343	7,013	SH		SOLE		7,013	0	0
TECHTARGET INC	COM	87874R100	334	16,782	SH		SOLE		16,782	0	0
TWO HARBORS INVESTMENT CORP	COM	90187B408	190	12,373	SH		SOLE		12,373	0	0
URSTADT BIDDLE PROPERTIES	CL A	917286205	52	2,715	SH		SOLE		2,715	0	0
UNITED FINANCIAL BANCORP INC	COM	910304104	20	1,240	SH		SOLE		1,240	0	0
UNITED COMMUNITY BANKS INC	COM	90984P303	611	19,302	SH		SOLE		19,302	0	0
UNITED COMMUNITY FINL CORP	COM	909839102	104	10,536	SH		SOLE		10,536	0	0
NET 1 UEPS TECHNOLOGIES INC	COM NEW	64107N206	241	25,427	SH		SOLE		25,427	0	0
UNIFI INC	COM NEW	904677200	57	1,563	SH		SOLE		1,563	0	0
UNIVERSAL FOREST PRODS INC	COM	913543104	291	8,976	SH		SOLE		8,976	0	0
DOMTAR INC	COM NEW	257559203	218	5,125	SH		SOLE		5,125	0	0
UNITY BANCORP INC	COM	913290102	10	458	SH		SOLE		458	0	0
VECTRUS INC	COM	92242T101	92	2,481	SH		SOLE		2,481	0	0
VECTOR GROUP	COM	92240M108	238	11,671	SH		SOLE		11,671	0	0
VALLEY NATIONAL BANCORP	COM	919794107	263	21,089	SH		SOLE		21,089	0	0
VISHAY PRECISION GROUP INC	COM	92835K103	85	2,742	SH		SOLE		2,742	0	0
VSE CORP	COM	918284100	115	2,218	SH		SOLE		2,218	0	0
WASHINGTON FEDERAL INC	COM	938824109	241	6,969	SH		SOLE		6,969	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	302	5,197	SH		SOLE		5,197	0	0
WESTERN NEW ENG BANCORP INC	COM	958892101	20	1,893	SH		SOLE		1,893	0	0
WORTHINGTON INDUSTRIES	COM	981811102	558	12,994	SH		SOLE		12,994	0	0
WEINGARTEN REALTY INVST	SH BEN INT	948741103	224	7,964	SH		SOLE		7,964	0	0
WATERSTONE FINANCIAL INC	COM	94188P101	31	1,791	SH		SOLE		1,791	0	0
WILLIAMS-SONOMA INC	COM	969904101	248	4,699	SH		SOLE		4,699	0	0
WEST PHARMACEUTICAL SVSC INC	COM	955306105	302	3,422	SH		SOLE		3,422	0	0
WEST BANCORPORATION INC	CAP STK	95123P106	121	4,733	SH		SOLE		4,733	0	0
WINTRUST FINANCIAL CORP	COM	97650W108	307	3,572	SH		SOLE		3,572	0	0
XEROX CORP	COM NEW	984121608	333	11,584	SH		SOLE		11,584	0	0