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
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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	76	24,535	SH		SOLE		24,535	0	0
CAMBIUM LEARNING GROUP INC	COM	13201A107	483	43,279	SH		SOLE		43,279	0	0
ABM INDUSTRIES INC	COM	000957100	324	11,110	SH		SOLE		11,110	0	0
ACNB CORP	COM	000868109	22	634	SH		SOLE		634	0	0
ASSURED GUARANTY LTD	COM	G0585R106	333	9,321	SH		SOLE		9,321	0	0
ADECOAGRO SA	COM	L00849106	78	9,833	SH		SOLE		9,833	0	0
ALBANY INTL CORP -CL A	CL A	012348108	295	4,902	SH		SOLE		4,902	0	0
APOLLO INVESTMENT CORP	COM	03761U106	73	13,124	SH		SOLE		13,124	0	0
APPLIED INDUSTRIAL TECH INC	COM	03820C105	665	9,485	SH		SOLE		9,485	0	0
ASSURANT INC	COM	04621X108	384	3,707	SH		SOLE		3,707	0	0
AIR LEASE CORP	COM	00912X302	343	8,163	SH		SOLE		8,163	0	0
ALEXANDER & BALDWIN INC	COM	014491104	312	13,289	SH		SOLE		13,289	0	0
ALAMO GROUP INC	COM	011311107	63	694	SH		SOLE		694	0	0
AMER NATL BNKSHS/DANVILLE VA	COM	027745108	96	2,390	SH		SOLE		2,390	0	0
ALLIED MOTION TECHNOLOGIES	COM	019330109	237	4,957	SH		SOLE		4,957	0	0
ALPHA AND OMEGA SEMICONDUCTR	COM	G6331P104	82	5,761	SH		SOLE		5,761	0	0
ARTISAN PARTNERS ASSET MGMT	COM	04316A108	320	10,621	SH		SOLE		10,621	0	0
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	15	8,615	SH		SOLE		8,615	0	0
ASSOCIATED BANC-CORP	COM	045487105	351	12,845	SH		SOLE		12,845	0	0
AUDIOCODES LTD	COM	M15342104	333	42,802	SH		SOLE		42,802	0	0
ARMSTRONG WORLD INDUSTRIES	COM	04247X102	377	5,962	SH		SOLE		5,962	0	0
BARNES GROUP INC	COM	067806109	302	5,132	SH		SOLE		5,132	0	0
BOOZ ALLEN HAMILTON HLDGS	COM	099502106	347	7,938	SH		SOLE		7,938	0	0
BANC OF CALIFORNIA INC	COM	05990K106	354	18,107	SH		SOLE		18,107	0	0
BANNER CORP	COM	06652V208	325	5,403	SH		SOLE		5,403	0	0
BOISE CASCADE CO	COM	09739D100	367	8,203	SH		SOLE		8,203	0	0
BGC PARTNERS INC	COM	05541T101	288	25,422	SH		SOLE		25,422	0	0
BLACKROCK CAPITAL INVT CORP	COM	092533108	117	19,992	SH		SOLE		19,992	0	0
BLACK HILLS	COM	092113109	367	5,993	SH		SOLE		5,993	0	0
BANKUNITED INC	COM	06652K103	345	8,455	SH		SOLE		8,455	0	0
BLACKBAUD INC	COM	09227Q100	347	3,385	SH		SOLE		3,385	0	0
BRYN MAWR BANK CORP	COM	117665109	20	432	SH		SOLE		432	0	0
BOK FINANCIAL CORP	COM	05561Q201	285	3,029	SH		SOLE		3,029	0	0
BRADY CORP	COM	104674106	319	8,274	SH		SOLE		8,274	0	0
BRUKER CORP	COM	116794108	298	10,273	SH		SOLE		10,273	0	0
BRIXMOR PROPERTY GROUP INC	COM	11120U105	351	20,156	SH		SOLE		20,156	0	0
BASSETT FURNITURE INDS	COM	070203104	16	581	SH		SOLE		581	0	0
SIERRA BANCORP/CA	COM	82620P102	106	3,743	SH		SOLE		3,743	0	0
FIRST BUSEY CORP	COM	319383204	57	1,806	SH		SOLE		1,806	0	0
BANKWELL FINANCIAL GROUP INC	COM	06654A103	20	623	SH		SOLE		623	0	0
CACI INTL INC -CL A	CL A	127190304	342	2,031	SH		SOLE		2,031	0	0
CASEYS GENERAL STORES INC	COM	147528103	364	3,462	SH		SOLE		3,462	0	0
CAMBRIDGE BANCORP	COM	132152109	72	837	SH		SOLE		837	0	0
CATHAY GENERAL BANCORP	COM	149150104	304	7,499	SH		SOLE		7,499	0	0
CABOT	COM	127055101	380	6,152	SH		SOLE		6,152	0	0
CBIZ INC	COM	124805102	147	6,383	SH		SOLE		6,383	0	0
CAPITAL CITY BK GROUP INC	COM	139674105	44	1,849	SH		SOLE		1,849	0	0
CHASE CORP	COM	16150R104	44	372	SH		SOLE		372	0	0
CABOT MICROELECTRONICS CORP	COM	12709P103	309	2,870	SH		SOLE		2,870	0	0
CEDAR REALTY TRUST INC	COM	150602209	40	8,574	SH		SOLE		8,574	0	0
CHARTER FINANCIAL CORP/MD	COM	16122W108	145	5,993	SH		SOLE		5,993	0	0
CHOICE HOTELS INTL INC	COM	169905106	290	3,835	SH		SOLE		3,835	0	0
CHEMUNG FINANCIAL CORP	COM	164024101	62	1,233	SH		SOLE		1,233	0	0
COLLECTORS UNIVERSE INC	COM	19421R200	27	1,837	SH		SOLE		1,837	0	0
CELESTICA INC	COM	15101Q108	89	7,470	SH		SOLE		7,470	0	0
CANTEL MEDICAL CORP	COM	138098108	271	2,759	SH		SOLE		2,759	0	0
CENTURY BANCORP INC/MA	COM	156432106	19	244	SH		SOLE		244	0	0
CONMED CORP	COM	207410101	355	4,854	SH		SOLE		4,854	0	0
CNO FINANCIAL GROUP INC	COM	12621E103	568	29,824	SH		SOLE		29,824	0	0
CONNECTONE BANCORP INC	COM	20786W107	324	13,017	SH		SOLE		13,017	0	0
CENTURY CASINOS INC	COM	156492100	111	12,678	SH		SOLE		12,678	0	0
COLUMBIA BANKING SYSTEM INC	COM	197236102	631	15,421	SH		SOLE		15,421	0	0
COLUMBIA SPORTSWEAR CO	COM	198516106	368	4,021	SH		SOLE		4,021	0	0
COPA HOLDINGS SA	COM	P31076105	226	2,390	SH		SOLE		2,390	0	0
COOPER-STANDARD HOLDINGS INC	COM	21676P103	327	2,503	SH		SOLE		2,503	0	0
CRANE COMPANY	COM	224399105	266	3,314	SH		SOLE		3,314	0	0
CARTER'S INC	COM	146229109	368	3,394	SH		SOLE		3,394	0	0
CENTERSTATE BANKS INC	COM	15201P109	337	11,300	SH		SOLE		11,300	0	0
COMMUNITY TRUST BANCORP INC	COM	204149108	39	786	SH		SOLE		786	0	0
COVANTA HOLDING CORP	COM	22282E102	376	22,770	SH		SOLE		22,770	0	0
CENTRAL VALLEY CMNTY BANCORP	COM	155685100	123	5,796	SH		SOLE		5,796	0	0
CIVEO CORP	COM	17878Y108	176	40,346	SH		SOLE		40,346	0	0
CODORUS VALLEY BANCORP	COM	192025104	117	3,820	SH		SOLE		3,820	0	0
CALIFORNIA WATER SERVICE GP	COM	130788102	334	8,585	SH		SOLE		8,585	0	0
CHINA YUCHAI INTERNATIONAL	COM	G21082105	322	14,847	SH		SOLE		14,847	0	0
DARLING INT'L	COM	237266101	399	20,083	SH		SOLE		20,083	0	0
DENNYS CORP	COM	24869P104	314	19,700	SH		SOLE		19,700	0	0
DONEGAL GROUP INC	COM	257701201	49	3,591	SH		SOLE		3,591	0	0
DELUXE CORP	COM	248019101	328	4,954	SH		SOLE		4,954	0	0
DUN & BRADSTREET CORP	COM	26483E100	322	2,627	SH		SOLE		2,627	0	0
PHYSICIANS REALTY TR	COM	71943U104	362	22,694	SH		SOLE		22,694	0	0
DYNEX CAPITAL INC	COM	26817Q506	10	1,572	SH		SOLE		1,572	0	0
MERIDIAN BANCORP INC (MD)	COM	58958U103	56	2,934	SH		SOLE		2,934	0	0
ENTERPRISE BANCORP INC/MA	COM	293668109	144	3,565	SH		SOLE		3,565	0	0
EDUCATION REALTY TRUST INC	COM	28140H203	419	10,104	SH		SOLE		10,104	0	0
EURONET WORLDWIDE INC	COM	298736109	362	4,325	SH		SOLE		4,325	0	0
ENTERPRISE FINL SERVICES CP	COM	293712105	14	265	SH		SOLE		265	0	0
EGAIN CORP	COM	28225C806	181	12,012	SH		SOLE		12,012	0	0
EMPLOYERS HOLDINGS INC	COM	292218104	35	882	SH		SOLE		882	0	0
EMC INSURANCE GROUP INC	COM	268664109	69	2,487	SH		SOLE		2,487	0	0
EMCOR GROUP	COM	29084Q100	649	8,520	SH		SOLE		8,520	0	0
EPAM SYSTEMS INC	COM	29414B104	334	2,684	SH		SOLE		2,684	0	0
EPR PROPERTIES	COM	26884U109	397	6,134	SH		SOLE		6,134	0	0
ERA GROUP INC	COM	26885G109	86	6,610	SH		SOLE		6,610	0	0
ESSENT GROUP LTD	COM	G3198U102	252	7,044	SH		SOLE		7,044	0	0
COMMUNITY BANKERS TRUST CORP	COM	203612106	9	1,015	SH		SOLE		1,015	0	0
EVANS BANCORP INC	COM	29911Q208	28	600	SH		SOLE		600	0	0
EVERCORE PARTNERS INC	COM	29977A105	350	3,318	SH		SOLE		3,318	0	0
EVERI HOLDINGS INC	COM	30034T103	26	3,600	SH		SOLE		3,600	0	0
EAGLE MATERIALS INC	COM	26969P108	364	3,469	SH		SOLE		3,469	0	0
FCB FINANCIAL HOLDINGS INC	COM	30255G103	345	5,867	SH		SOLE		5,867	0	0
FIRST CMNTY BANCSHARES INC	COM	31983A103	107	3,363	SH		SOLE		3,363	0	0
FIRST COMMONWLTH FINL CP/PA	COM	319829107	346	22,322	SH		SOLE		22,322	0	0
FIRSTCASH INC	COM	33767D105	349	3,879	SH		SOLE		3,879	0	0
FIRST CITIZENS BANCSH -CL A	CL A	31946M103	292	725	SH		SOLE		725	0	0
FIRST DEFIANCE FINANCIAL CP	COM	32006W106	85	1,268	SH		SOLE		1,268	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
FIRST INTERSTATE BANCSYSTEM	COM	32055Y201	320	7,580	SH		SOLE		7,580	0	0
FEDERATED INVESTORS INC	COM	314211103	312	13,397	SH		SOLE		13,397	0	0
FINANCIAL INSTITUTIONS INC	COM	317585404	103	3,116	SH		SOLE		3,116	0	0
FIVE BELOW INC	COM	33829M101	472	4,828	SH		SOLE		4,828	0	0
FLOWERS INDUSTRIES	COM	343498101	312	14,989	SH		SOLE		14,989	0	0
FARMERS & MERCHANTS BCP/OH	COM	30779N105	11	275	SH		SOLE		275	0	0
FARMERS NATL BANC CORP/OH	COM	309627107	75	4,682	SH		SOLE		4,682	0	0
FNB BANCORP CALIF	COM	302515101	37	1,007	SH		SOLE		1,007	0	0
FERRO CORP	COM	315405100	276	13,238	SH		SOLE		13,238	0	0
FIRST BANK	COM	31931U102	8	550	SH		SOLE		550	0	0
FRP HOLDINGS INC	COM	30292L107	255	3,938	SH		SOLE		3,938	0	0
FS INVESTMENT CORP	COM	302635107	304	41,353	SH		SOLE		41,353	0	0
FORTUNA SILVER MINES INC	COM	349915108	37	6,526	SH		SOLE		6,526	0	0
FOSTER (LB) CO	COM	350060109	66	2,872	SH		SOLE		2,872	0	0
FULTON FINANCIAL	COM	360271100	608	36,855	SH		SOLE		36,855	0	0
GLADSTONE INVESTMENT CORP	COM	376546107	21	1,743	SH		SOLE		1,743	0	0
GOLDEN ENTERTAINMENT INC	COM	381013101	95	3,514	SH		SOLE		3,514	0	0
GRAHAM CORP	COM	384556106	98	3,815	SH		SOLE		3,815	0	0
GILAT SATELLITE NETWORKS LTD	COM	M51474118	388	42,189	SH		SOLE		42,189	0	0
GENERAC HOLDINGS INC	COM	368736104	392	7,570	SH		SOLE		7,570	0	0
GRAPHIC PACKAGING HOLDING CO	COM	388689101	291	20,025	SH		SOLE		20,025	0	0
GP STRATEGIES CORP	COM	36225V104	87	4,922	SH		SOLE		4,922	0	0
GREAT SOUTHERN BANCORP	COM	390905107	100	1,753	SH		SOLE		1,753	0	0
GENESEE & WYOMING INC -CL A	CL A	371559105	387	4,760	SH		SOLE		4,760	0	0
HALLMARK FINANCIAL SERVICES	COM	40624Q203	42	4,246	SH		SOLE		4,246	0	0
HOME BANCORP INC	COM	43689E107	129	2,771	SH		SOLE		2,771	0	0
HOWARD BANCORP INC	COM	442496105	10	572	SH		SOLE		572	0	0
HERITAGE-CRYSTAL CLEAN INC	COM	42726M106	78	3,893	SH		SOLE		3,893	0	0
HACKETT GROUP INC	COM	404609109	293	18,219	SH		SOLE		18,219	0	0
HAWAIIAN ELECTRIC INDS	COM	419870100	336	9,807	SH		SOLE		9,807	0	0
HERITAGE FINANCIAL CORP	COM	42722X106	12	331	SH		SOLE		331	0	0
HILLENBRAND INC	COM	431571108	316	6,696	SH		SOLE		6,696	0	0
HINGHAM INSTN SVGS	COM	433323102	61	278	SH		SOLE		278	0	0
HALLADOR ENERGY CO	COM	40609P105	94	13,217	SH		SOLE		13,217	0	0
HOME BANCSHARES INC	COM	436893200	329	14,585	SH		SOLE		14,585	0	0
HOPE BANCORP INC	COM	43940T109	640	35,867	SH		SOLE		35,867	0	0
HILL-ROM HOLDINGS INC	COM	431475102	309	3,533	SH		SOLE		3,533	0	0
HEIDRICK & STRUGGLES INTL	COM	422819102	34	983	SH		SOLE		983	0	0
HEALTHCARE TRUST OF AMERICA	COM	42225P501	362	13,428	SH		SOLE		13,428	0	0
HOMETRUST BANCSHARES INC	COM	437872104	125	4,427	SH		SOLE		4,427	0	0
HERITAGE COMMERCE CORP	COM	426927109	28	1,664	SH		SOLE		1,664	0	0
HILLTOP HOLDINGS INC	COM	432748101	282	12,779	SH		SOLE		12,779	0	0
HEARTLAND EXPRESS	COM	422347104	357	19,243	SH		SOLE		19,243	0	0
HANCOCK WHITNEY CORP	COM	410120109	593	12,711	SH		SOLE		12,711	0	0
HAWKINS INC	COM	420261109	77	2,165	SH		SOLE		2,165	0	0
HYSTER-YALE MATERIALS HNDLNG	COM	449172105	17	271	SH		SOLE		271	0	0
INDEPENDENT BANK CORP/MI	COM	453838609	140	5,506	SH		SOLE		5,506	0	0
IBERIABANK CORP	COM	450828108	634	8,361	SH		SOLE		8,361	0	0
ICF INTERNATIONAL INC	COM	44925C103	177	2,491	SH		SOLE		2,491	0	0
ICU MEDICAL INC	COM	44930G107	358	1,218	SH		SOLE		1,218	0	0
INTL FCSTONE INC	COM	46116V105	41	785	SH		SOLE		785	0	0
INTERXION HOLDING NV	COM	N47279109	636	10,186	SH		SOLE		10,186	0	0
INNOSPEC INC	COM	45768S105	343	4,481	SH		SOLE		4,481	0	0
INTER PARFUMS INC	COM	458334109	241	4,503	SH		SOLE		4,503	0	0
INNOPHOS HOLDINGS INC	COM	45774N108	84	1,774	SH		SOLE		1,774	0	0
INVESTORS BANCORP INC.	COM	46146L101	324	25,309	SH		SOLE		25,309	0	0
ISRAMCO INC	COM	465141406	86	700	SH		SOLE		700	0	0
INVESTAR HOLDING CORP	COM	46134L105	20	740	SH		SOLE		740	0	0
ITRON INC	COM	465741106	258	4,296	SH		SOLE		4,296	0	0
JABIL CIRCUIT	COM	466313103	353	12,754	SH		SOLE		12,754	0	0
J2 GLOBAL INC	COM	48123V102	367	4,232	SH		SOLE		4,232	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	330	5,196	SH		SOLE		5,196	0	0
J & J SNACK FOODS CORP	COM	466032109	343	2,251	SH		SOLE		2,251	0	0
JOHNSON OUTDOORS INC -CL A	CL A	479167108	58	689	SH		SOLE		689	0	0
KAR AUCTION SERVICES INC	COM	48238T109	311	5,671	SH		SOLE		5,671	0	0
KIMBALL INTERNATIONAL -CL B	CL B	494274103	210	13,019	SH		SOLE		13,019	0	0
KIRBY CORP	COM	497266106	331	3,963	SH		SOLE		3,963	0	0
KFORCE INC	COM	493732101	38	1,119	SH		SOLE		1,119	0	0
KORN/FERRY INTERNATIONAL	COM	500643200	369	5,958	SH		SOLE		5,958	0	0
KULICKE & SOFFA INDUSTRIES	COM	501242101	30	1,260	SH		SOLE		1,260	0	0
LAWSON PRODUCTS	COM	520776105	212	8,716	SH		SOLE		8,716	0	0
LCNB CORP	COM	50181P100	10	484	SH		SOLE		484	0	0
LIFETIME BRANDS INC	COM	53222Q103	116	9,147	SH		SOLE		9,147	0	0
LYDALL INC	COM	550819106	108	2,485	SH		SOLE		2,485	0	0
LINCOLN ELECTRIC	COM	533900106	300	3,417	SH		SOLE		3,417	0	0
GRAND CANYON EDUCATION INC	COM	38526M106	327	2,929	SH		SOLE		2,929	0	0
LPL FINANCIAL HOLDINGS INC	COM	50212V100	322	4,909	SH		SOLE		4,909	0	0
K12 INC	COM	48273U102	122	7,479	SH		SOLE		7,479	0	0
LANDSTAR SYSTEMS INC	COM	515098101	363	3,321	SH		SOLE		3,321	0	0
LSI INDUSTRIES INC	COM	50216C108	38	7,064	SH		SOLE		7,064	0	0
MERCANTILE BANK CORP	COM	587376104	98	2,659	SH		SOLE		2,659	0	0
MERCURY GENERAL CORP	COM	589400100	344	7,544	SH		SOLE		7,544	0	0
METHODE ELECTRONICS INC	COM	591520200	317	7,861	SH		SOLE		7,861	0	0
MAGIC SOFTWARE ENTERPRISES	COM	559166103	328	39,510	SH		SOLE		39,510	0	0
MAGELLAN HEALTH INC	COM	559079207	275	2,870	SH		SOLE		2,870	0	0
MCGRATH RENTCORP	COM	580589109	179	2,831	SH		SOLE		2,831	0	0
MILLER (HERMAN) INC	COM	600544100	694	20,461	SH		SOLE		20,461	0	0
MUELLER INDUSTRIES	COM	624756102	347	11,750	SH		SOLE		11,750	0	0
MAUI LAND & PINEAPPLE CO	COM	577345101	26	2,364	SH		SOLE		2,364	0	0
MILLER INDUSTRIES INC/TN	COM	600551204	69	2,719	SH		SOLE		2,719	0	0
MONMOUTH RE INVESTMENT CP	COM	609720107	358	21,668	SH		SOLE		21,668	0	0
MIDWESTONE FINANCIAL GROUP	COM	598511103	70	2,060	SH		SOLE		2,060	0	0
MOOG INC -CL A	CL A	615394202	291	3,730	SH		SOLE		3,730	0	0
MONOLITHIC POWER SYSTEMS INC	COM	609839105	382	2,858	SH		SOLE		2,858	0	0
MARTEN TRANSPORT LTD	COM	573075108	407	17,368	SH		SOLE		17,368	0	0
MGIC INVESTMENT CORP/WI	COM	552848103	247	23,062	SH		SOLE		23,062	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	346	4,591	SH		SOLE		4,591	0	0
MVB FINANCIAL CORP	COM	553810102	25	1,374	SH		SOLE		1,374	0	0
MVC CAPITAL INC	COM	553829102	112	11,796	SH		SOLE		11,796	0	0
MUELLER WATER PRODUCTS INC	COM	624758108	331	28,278	SH		SOLE		28,278	0	0
NATIONAL BANK HLDGS CORP	COM	633707104	348	9,017	SH		SOLE		9,017	0	0
NORDSON CORP	COM	655663102	289	2,254	SH		SOLE		2,254	0	0
NATURAL GAS SERVICES GROUP	COM	63886Q109	102	4,339	SH		SOLE		4,339	0	0
NATIONAL HEALTHCARE CORP	COM	635906100	271	3,845	SH		SOLE		3,845	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	366	8,173	SH		SOLE		8,173	0	0
NL INDUSTRIES	COM	629156407	212	24,415	SH		SOLE		24,415	0	0
NEENAH PAPER INC	COM	640079109	23	274	SH		SOLE		274	0	0
ENPRO INDUSTRIES INC	COM	29355X107	278	3,972	SH		SOLE		3,972	0	0
NATIONAL RESEARCH CORP	COM	637372202	26	690	SH		SOLE		690	0	0
NU SKIN ENTERPRISES -CL A	CL A	67018T105	365	4,669	SH		SOLE		4,669	0	0
NORTHWESTERN CORP	COM	668074305	353	6,168	SH		SOLE		6,168	0	0
OAKTREE STRATEGIC INCOME CP	COM	67402D104	95	11,193	SH		SOLE		11,193	0	0
OAKTREE SPECIALTY LENDING CP	COM	67401P108	100	20,816	SH		SOLE		20,816	0	0
OIL DRI CORP AMERICA	COM	677864100	321	7,610	SH		SOLE		7,610	0	0
ORION ENGINEERED CARBONS SA	COM	L72967109	350	11,342	SH		SOLE		11,342	0	0
OLD LINE BANCSHARES INC	COM	67984M100	24	678	SH		SOLE		678	0	0
ORMAT TECHNOLOGIES INC	COM	686688102	290	5,452	SH		SOLE		5,452	0	0
ORBOTECH LTD	COM	M75253100	36	588	SH		SOLE		588	0	0
ORRSTOWN FINANCIAL SVCS INC	COM	687380105	24	932	SH		SOLE		932	0	0
OLD SECOND BANCORP INC/IL	COM	680277100	10	662	SH		SOLE		662	0	0
OXFORD SQUARE CAPITAL CORP	COM	69181V107	110	15,902	SH		SOLE		15,902	0	0
PENSKE AUTOMOTIVE GROUP INC	COM	70959W103	348	7,418	SH		SOLE		7,418	0	0
PROSPERITY BANCSHARES INC	COM	743606105	322	4,707	SH		SOLE		4,707	0	0
PREMIER FINANCIAL BANCORP	COM	74050M105	113	6,046	SH		SOLE		6,046	0	0
PEAPACK-GLADSTONE FINL CORP	COM	704699107	44	1,260	SH		SOLE		1,260	0	0
PREFORMED LINE PRODUCTS CO	COM	740444104	266	2,998	SH		SOLE		2,998	0	0
EPLUS INC	COM	294268107	87	929	SH		SOLE		929	0	0
PINGTAN MARINE ENTERPRISE LT	COM	G7114V102	136	42,020	SH		SOLE		42,020	0	0
PNM RESOURCES INC	COM	69349H107	338	8,695	SH		SOLE		8,695	0	0
PENNANTPARK INVESTMENT CORP	COM	708062104	105	14,932	SH		SOLE		14,932	0	0
PORTLAND GENERAL ELECTRIC CO	COM	736508847	344	8,034	SH		SOLE		8,034	0	0
POWELL INDUSTRIES INC	COM	739128106	56	1,609	SH		SOLE		1,609	0	0
PROASSURANCE CORP	COM	74267C106	219	6,175	SH		SOLE		6,175	0	0
PRGX GLOBAL INC	COM	69357C503	76	7,883	SH		SOLE		7,883	0	0
QUANTA SERVICES INC	COM	74762E102	347	10,375	SH		SOLE		10,375	0	0
QAD INC	COM	74727D306	164	3,274	SH		SOLE		3,274	0	0
QCR HOLDINGS INC	COM	74727A104	135	2,850	SH		SOLE		2,850	0	0
QUARTERHILL INC	COM	747713105	60	54,378	SH		SOLE		54,378	0	0
RYDER SYSTEM INC	COM	783549108	366	5,092	SH		SOLE		5,092	0	0
RIBBON COMMUNICATIONS INC	COM	762544104	44	6,211	SH		SOLE		6,211	0	0
REPUBLIC BANCORP INC/KY	COM	760281204	78	1,712	SH		SOLE		1,712	0	0
RESOURCES CONNECTION INC	COM	76122Q105	78	4,591	SH		SOLE		4,591	0	0
REXFORD INDUS REALTY	COM	76169C100	349	11,110	SH		SOLE		11,110	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	330	3,969	SH		SOLE		3,969	0	0
RIMINI STREET INC-REDH	COM	76674Q107	79	12,073	SH		SOLE		12,073	0	0
RIGNET INC.	COM	766582100	120	11,671	SH		SOLE		11,671	0	0
RETAIL OPPORTUNITY INVTS CP	COM	76131N101	377	19,688	SH		SOLE		19,688	0	0
RBC BEARINGS INC	COM	75524B104	319	2,475	SH		SOLE		2,475	0	0
RAMCO-GERSHENSON PROPERTIES	COM	751452202	375	28,367	SH		SOLE		28,367	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	314	3,585	SH		SOLE		3,585	0	0
RIVERVIEW BANCORP INC	COM	769397100	16	1,871	SH		SOLE		1,871	0	0
REXNORD CORP	COM	76169B102	354	12,197	SH		SOLE		12,197	0	0
ECHOSTAR CORP	COM	278768106	259	5,825	SH		SOLE		5,825	0	0
SANTANDER CONSUMER USA HLDGS	COM	80283M101	351	18,393	SH		SOLE		18,393	0	0
SCANSOURCE INC	COM	806037107	75	1,857	SH		SOLE		1,857	0	0
SERVICEMASTER GLOBAL HLDGS	COM	81761R109	359	6,045	SH		SOLE		6,045	0	0
SIMMONS FIRST NATL CP -CL A	CL A	828730200	315	10,538	SH		SOLE		10,538	0	0
SOUTHERN FIRST BANKSHARES	COM	842873101	9	210	SH		SOLE		210	0	0
SUPERIOR UNIFORM GROUP INC	COM	868358102	173	8,334	SH		SOLE		8,334	0	0
SELECTIVE INS GROUP INC	COM	816300107	272	4,939	SH		SOLE		4,939	0	0
SELECT INCOME REIT	COM	81618T100	355	15,779	SH		SOLE		15,779	0	0
SOUTH JERSEY INDUSTRIES INC	COM	838518108	370	11,048	SH		SOLE		11,048	0	0
SOLAR CAPITAL LTD	COM	83413U100	64	3,135	SH		SOLE		3,135	0	0
SOUTHERN MISSOURI BANCORP	COM	843380106	99	2,546	SH		SOLE		2,546	0	0
SUMMIT FINANCIAL GROUP INC	COM	86606G101	50	1,871	SH		SOLE		1,871	0	0
SIERRA METALS INC	COM	82639W106	347	128,964	SH		SOLE		128,964	0	0
SENIOR HOUSING PPTYS TRUST	COM	81721M109	355	19,628	SH		SOLE		19,628	0	0
SYNOVUS FINANCIAL CORP	COM	87161C501	317	6,003	SH		SOLE		6,003	0	0
SP PLUS CORP	COM	78469C103	83	2,242	SH		SOLE		2,242	0	0
SAPIENS INTERNATIONAL CORP	COM	N7716A151	40	4,052	SH		SOLE		4,052	0	0
STERLING BANCORP	COM	85917A100	332	14,125	SH		SOLE		14,125	0	0
SOLAR SENIOR CAPITAL LTD	COM	83416M105	63	3,833	SH		SOLE		3,833	0	0
STANDEX INTERNATIONAL CORP	COM	854231107	126	1,237	SH		SOLE		1,237	0	0
TRANSALTA CORP	COM	89346D107	37	7,381	SH		SOLE		7,381	0	0
TARO PHARMACEUTICL INDS LTD	COM	M8737E108	360	3,113	SH		SOLE		3,113	0	0
TERRITORIAL BANCORP INC	COM	88145X108	115	3,700	SH		SOLE		3,700	0	0
THL CREDIT INC	COM	872438106	49	6,288	SH		SOLE		6,288	0	0
TELEPHONE & DATA SYSTEMS INC	COM	879433829	371	13,540	SH		SOLE		13,540	0	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	327	1,642	SH		SOLE		1,642	0	0
TREDEGAR CORP	COM	894650100	95	4,062	SH		SOLE		4,062	0	0
TASEKO MINES LTD	COM	876511106	64	59,623	SH		SOLE		59,623	0	0
HANOVER INSURANCE GROUP INC	COM	410867105	304	2,543	SH		SOLE		2,543	0	0
INTERFACE INC	COM	458665304	637	27,776	SH		SOLE		27,776	0	0
THIRD POINT REINSURANCE LTD	COM	G8827U100	277	22,173	SH		SOLE		22,173	0	0
TRIPLEPOINT VENTURE GWTH BDC	COM	89677Y100	21	1,699	SH		SOLE		1,699	0	0
SPEEDWAY MOTORSPORTS INC	COM	847788106	312	17,991	SH		SOLE		17,991	0	0
TRINITY INDUSTRIES	COM	896522109	375	10,945	SH		SOLE		10,945	0	0
TRIMAS CORP	COM	896215209	33	1,136	SH		SOLE		1,136	0	0
TRINSEO SA	COM	L9340P101	295	4,151	SH		SOLE		4,151	0	0
THE STARS GROUP INC	COM	85570W100	797	21,963	SH		SOLE		21,963	0	0
TPG SPECIALTY LENDING INC	COM	87265K102	49	2,715	SH		SOLE		2,715	0	0
TORO CO	COM	891092108	297	4,922	SH		SOLE		4,922	0	0
TELETECH HOLDINGS INC	COM	89854H102	75	2,179	SH		SOLE		2,179	0	0
TETRA TECH INC	COM	88162G103	367	6,279	SH		SOLE		6,279	0	0
TECHTARGET INC	COM	87874R100	468	16,488	SH		SOLE		16,488	0	0
TEXAS ROADHOUSE INC	COM	882681109	351	5,359	SH		SOLE		5,359	0	0
MONOTYPE IMAGING HOLDINGS	COM	61022P100	599	29,488	SH		SOLE		29,488	0	0
URSTADT BIDDLE PROPERTIES	COM	917286205	61	2,715	SH		SOLE		2,715	0	0
UNITED FINANCIAL BANCORP INC	COM	910304104	22	1,240	SH		SOLE		1,240	0	0
UNITED COMMUNITY BANKS INC	COM	90984P303	291	9,473	SH		SOLE		9,473	0	0
UNITED COMMUNITY FINL CORP	COM	909839102	105	9,551	SH		SOLE		9,551	0	0
NET 1 UEPS TECHNOLOGIES INC	COM	64107N206	183	20,155	SH		SOLE		20,155	0	0
UNIFI INC	COM	904677200	50	1,563	SH		SOLE		1,563	0	0
UNIVERSAL FOREST PRODS INC	COM	913543104	347	9,472	SH		SOLE		9,472	0	0
UNIFIRST CORP	COM	904708104	336	1,901	SH		SOLE		1,901	0	0
UNITY BANCORP INC	COM	913290102	38	1,683	SH		SOLE		1,683	0	0
MARRIOTT VACATIONS WORLDWIDE	COM	57164Y107	309	2,736	SH		SOLE		2,736	0	0
VISTEON CORP	COM	92839U206	356	2,753	SH		SOLE		2,753	0	0
VECTRUS INC	COM	92242T101	56	1,813	SH		SOLE		1,813	0	0
VECTOR GROUP	COM	92240M108	331	17,368	SH		SOLE		17,368	0	0
VISHAY PRECISION GROUP INC	COM	92835K103	105	2,742	SH		SOLE		2,742	0	0
VSE CORP	COM	918284100	83	1,727	SH		SOLE		1,727	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	292	5,159	SH		SOLE		5,159	0	0
WABCO HOLDINGS INC	COM	92927K102	269	2,296	SH		SOLE		2,296	0	0
WERNER ENTERPRISES	COM	950755108	375	9,983	SH		SOLE		9,983	0	0
WASHINGTON GAS LIGHT	COM	92924F106	353	3,979	SH		SOLE		3,979	0	0
WESTERN NEW ENG BANCORP INC	COM	958892101	10	921	SH		SOLE		921	0	0
WEINGARTEN REALTY INVST	COM	948741103	378	12,284	SH		SOLE		12,284	0	0
WATERSTONE FINANCIAL INC	COM	94188P101	31	1,791	SH		SOLE		1,791	0	0
WEST BANCORPORATION INC	COM	95123P106	112	4,469	SH		SOLE		4,469	0	0
WINTRUST FINANCIAL CORP	COM	97650W108	303	3,484	SH		SOLE		3,484	0	0
WATTS WATER TECHNOLOGIES INC	COM	942749102	310	3,956	SH		SOLE		3,956	0	0
WORLD WRESTLING ENTMT INC	COM	98156Q108	623	8,559	SH		SOLE		8,559	0	0
ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF	JPMORGAN USD EMG	464288281	12,172	114,005	SH		SOLE		114,005	0	0
ISHARES IBOXX USD HIGH YELD	IBOXX HI YD ETF	464288513	11,535	135,573	SH		SOLE		135,573	0	0