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
ARBOR REALTY TRUST INC	COM	038923108	208	20,663	SH		SOLE		20,663	0	0
ARCOSA INC	COM	039653100	91	3,285	SH		SOLE		3,285	0	0
ATLANTIC CAP BANCSHARES INC	COM	048269203	14	882	SH		SOLE		882	0	0
ACNB CORP	COM	000868109	124	3,170	SH		SOLE		3,170	0	0
ADVANCED DISPOSAL SERVICES	COM	00790X101	263	10,993	SH		SOLE		10,993	0	0
ASSURED GUARANTY LTD	COM	G0585R106	234	6,115	SH		SOLE		6,115	0	0
ALTRA INDUSTRIAL MOTION CORP	COM	02208R106	238	9,461	SH		SOLE		9,461	0	0
ALBANY INTL CORP -CL A	CL A	012348108	232	3,711	SH		SOLE		3,711	0	0
APOLLO INVESTMENT CORP	COM	03761U502	86	6,941	SH		SOLE		6,941	0	0
APPLIED INDUSTRIAL TECH INC	COM	03820C105	199	3,682	SH		SOLE		3,682	0	0
AIR LEASE CORP	COM	00912X302	249	8,230	SH		SOLE		8,230	0	0
AMBER ROAD INC	COM	02318Y108	93	11,315	SH		SOLE		11,315	0	0
AFFILIATED MANAGERS GRP INC	COM	008252108	204	2,090	SH		SOLE		2,090	0	0
AMER NATL BNKSHS/DANVILLE VA	COM	027745108	105	3,577	SH		SOLE		3,577	0	0
ALLIED MOTION TECHNOLOGIES	COM	019330109	354	7,932	SH		SOLE		7,932	0	0
AUTONATION INC	COM	05329W102	284	7,958	SH		SOLE		7,958	0	0
ARTISAN PARTNERS ASSET MGMT	COM	04316A108	200	9,066	SH		SOLE		9,066	0	0
ARROW FINANCIAL CORP	COM	042744102	11	330	SH		SOLE		330	0	0
ASSOCIATED BANC-CORP	COM	045487105	424	21,425	SH		SOLE		21,425	0	0
ON ASSIGNMENT INC	COM	00191U102	203	3,731	SH		SOLE		3,731	0	0
AMES NATIONAL CORP	COM	031001100	35	1,377	SH		SOLE		1,377	0	0
AUDIOCODES LTD	COM	M15342104	555	56,216	SH		SOLE		56,216	0	0
ARMSTRONG WORLD INDUSTRIES	COM	04247X102	293	5,041	SH		SOLE		5,041	0	0
AXIS CAPITAL HOLDINGS LTD	COM	G0692U109	257	4,982	SH		SOLE		4,982	0	0
BARNES GROUP INC	COM	067806109	221	4,113	SH		SOLE		4,113	0	0
BANNER CORP	COM	06652V208	248	4,640	SH		SOLE		4,640	0	0
BLACKROCK CAPITAL INVT CORP	COM	092533108	139	26,355	SH		SOLE		26,355	0	0
BLACK HILLS	COM	092113109	336	5,356	SH		SOLE		5,356	0	0
BANKUNITED INC	COM	06652K103	222	7,431	SH		SOLE		7,431	0	0
BANK OF MARIN BANCORP	COM	063425102	11	269	SH		SOLE		269	0	0
BRYN MAWR BANK CORP	COM	117665109	67	1,937	SH		SOLE		1,937	0	0
BANK OF COMMERCE HOLDINGS	COM	06424J103	12	1,124	SH		SOLE		1,124	0	0
BRADY CORP	COM	104674106	289	6,648	SH		SOLE		6,648	0	0
BRUKER CORP	COM	116794108	553	18,561	SH		SOLE		18,561	0	0
BRIXMOR PROPERTY GROUP INC	COM	11120U105	256	17,439	SH		SOLE		17,439	0	0
SIERRA BANCORP/CA	COM	82620P102	113	4,708	SH		SOLE		4,708	0	0
FIRST BUSEY CORP	COM	319383204	11	455	SH		SOLE		455	0	0
BANKWELL FINANCIAL GROUP INC	COM	06654A103	25	864	SH		SOLE		864	0	0
BANCORPSOUTH INC	COM	05971J102	219	8,385	SH		SOLE		8,385	0	0
BYLINE BANCORP INC	COM	124411109	10	623	SH		SOLE		623	0	0
CACI INTL INC -CL A	CL A	127190304	227	1,577	SH		SOLE		1,577	0	0
CAMBRIDGE BANCORP	COM	132152109	80	963	SH		SOLE		963	0	0
CATHAY GENERAL BANCORP	COM	149150104	217	6,472	SH		SOLE		6,472	0	0
CBIZ INC	COM	124805102	95	4,802	SH		SOLE		4,802	0	0
CEDAR REALTY TRUST INC	COM	150602209	37	11,854	SH		SOLE		11,854	0	0
CENTRAL GARDEN & PET CO	COM	153527205	276	8,837	SH		SOLE		8,837	0	0
CHEMICAL FINANCIAL CORP	COM	163731102	193	5,271	SH		SOLE		5,271	0	0
CHEMUNG FINANCIAL CORP	COM	164024101	138	3,331	SH		SOLE		3,331	0	0
CHERRY HILL MTG INVST	COM	164651101	18	1,029	SH		SOLE		1,029	0	0
CHIMERA INVESTMENT CORP	COM	16934Q208	238	13,331	SH		SOLE		13,331	0	0
COLLECTORS UNIVERSE INC	COM	19421R200	29	2,536	SH		SOLE		2,536	0	0
CELESTICA INC	COM	15101Q108	331	37,689	SH		SOLE		37,689	0	0
CENTURY BANCORP INC/MA	COM	156432106	23	338	SH		SOLE		338	0	0
CINEMARK HOLDINGS INC	COM	17243V102	274	7,662	SH		SOLE		7,662	0	0
CONMED CORP	COM	207410101	237	3,691	SH		SOLE		3,691	0	0
CNO FINANCIAL GROUP INC	COM	12621E103	397	26,680	SH		SOLE		26,680	0	0
CENTURY CASINOS INC	COM	156492100	103	13,937	SH		SOLE		13,937	0	0
COLUMBIA SPORTSWEAR CO	COM	198516106	264	3,137	SH		SOLE		3,137	0	0
COTT CORP QUE	COM	22163N106	266	19,102	SH		SOLE		19,102	0	0
COREPOINT LODGING INC	COM	21872L104	185	15,118	SH		SOLE		15,118	0	0
COOPER-STANDARD HOLDINGS INC	COM	21676P103	154	2,484	SH		SOLE		2,484	0	0
CRANE COMPANY	COM	224399105	209	2,894	SH		SOLE		2,894	0	0
CARTER'S INC	COM	146229109	270	3,303	SH		SOLE		3,303	0	0
CENTERSTATE BANKS INC	COM	15201P109	214	10,149	SH		SOLE		10,149	0	0
CARLISLE COS INC	COM	142339100	240	2,384	SH		SOLE		2,384	0	0
CORNERSTONE ONDEMAND INC	COM	21925Y103	261	5,183	SH		SOLE		5,183	0	0
COMMUNITY TRUST BANCORP INC	COM	204149108	112	2,832	SH		SOLE		2,832	0	0
CATALENT INC	COM	148806102	194	6,225	SH		SOLE		6,225	0	0
CARETRUST REIT INC	COM	14174T107	333	18,051	SH		SOLE		18,051	0	0
COVANTA HOLDING CORP	COM	22282E102	286	21,342	SH		SOLE		21,342	0	0
CVB FINL CORP	COM	126600105	224	11,072	SH		SOLE		11,072	0	0
CENTRAL VALLEY CMNTY BANCORP	COM	155685100	121	6,412	SH		SOLE		6,412	0	0
CIVEO CORP	COM	17878Y108	61	42,540	SH		SOLE		42,540	0	0
CODORUS VALLEY BANCORP	COM	192025104	117	5,512	SH		SOLE		5,512	0	0
CLEARWAY ENERGY INC	COM	18539C204	285	16,511	SH		SOLE		16,511	0	0
CALIFORNIA WATER SERVICE GP	COM	130788102	324	6,805	SH		SOLE		6,805	0	0
CORECIVIC INC	COM	21871N101	214	12,004	SH		SOLE		12,004	0	0
CYBERARK SOFTWARE LTD	COM	M2682V108	285	3,846	SH		SOLE		3,846	0	0
CHINA YUCHAI INTERNATIONAL	COM	G21082105	332	26,672	SH		SOLE		26,672	0	0
DARLING INT'L	COM	237266101	295	15,313	SH		SOLE		15,313	0	0
DUCOMMUN INC	COM	264147109	82	2,258	SH		SOLE		2,258	0	0
DONEGAL GROUP INC	COM	257701201	137	10,030	SH		SOLE		10,030	0	0
DELUXE CORP	COM	248019101	253	6,587	SH		SOLE		6,587	0	0
PHYSICIANS REALTY TR	COM	71943U104	309	19,256	SH		SOLE		19,256	0	0
MASONITE INTERNATIONAL CORP	COM	575385109	204	4,560	SH		SOLE		4,560	0	0
DYNEX CAPITAL INC	COM	26817Q506	12	2,165	SH		SOLE		2,165	0	0
ENTERPRISE BANCORP INC/MA	COM	293668109	138	4,301	SH		SOLE		4,301	0	0
EMERALD EXPSTNS EVENTS	COM	29103B100	171	13,847	SH		SOLE		13,847	0	0
EMCOR GROUP	COM	29084Q100	498	8,339	SH		SOLE		8,339	0	0
EPAM SYSTEMS INC	COM	29414B104	244	2,099	SH		SOLE		2,099	0	0
ERA GROUP INC	COM	26885G109	80	9,154	SH		SOLE		9,154	0	0
ESCALADE INC	COM	296056104	45	3,913	SH		SOLE		3,913	0	0
COMMUNITY BANKERS TRUST CORP	COM	203612106	19	2,653	SH		SOLE		2,653	0	0
EVANS BANCORP INC	COM	29911Q208	87	2,681	SH		SOLE		2,681	0	0
EVERCORE PARTNERS INC	COM	29977A105	211	2,952	SH		SOLE		2,952	0	0
EVERTEC INC	COM	30040P103	350	12,212	SH		SOLE		12,212	0	0
EAGLE MATERIALS INC	COM	26969P108	256	4,192	SH		SOLE		4,192	0	0
EXPONENT INC	COM	30214U102	278	5,478	SH		SOLE		5,478	0	0
FIRST AMERICAN	COM	31847R102	240	5,385	SH		SOLE		5,385	0	0
FIRST BANCSHARES INC/MS	COM	318916103	12	385	SH		SOLE		385	0	0
FIRST BANCORP P R	COM	318672706	271	31,524	SH		SOLE		31,524	0	0
FIRST CMNTY BANCSHARES INC	COM	31983A103	44	1,413	SH		SOLE		1,413	0	0
FIRSTCASH INC	COM	33767D105	259	3,583	SH		SOLE		3,583	0	0
FIRST CITIZENS BANCSH -CL A	CL A	31946M103	235	623	SH		SOLE		623	0	0
FIDELITY D & D BANCORP INC	COM	31609R100	15	240	SH		SOLE		240	0	0
FIRST DEFIANCE FINANCIAL CP	COM	32006W106	102	4,170	SH		SOLE		4,170	0	0
FIRST FINL BANCORP INC/OH	COM	320209109	452	19,070	SH		SOLE		19,070	0	0
FIRST FINANCIAL NORTHWEST	COM	32022K102	11	710	SH		SOLE		710	0	0
FIRST HAWAIIAN INC	COM	32051X108	239	10,628	SH		SOLE		10,628	0	0
FINANCIAL INSTITUTIONS INC	COM	317585404	93	3,620	SH		SOLE		3,620	0	0
FLEX LTD	COM	Y2573F102	171	22,465	SH		SOLE		22,465	0	0
FLOWERS INDUSTRIES	COM	343498101	312	16,917	SH		SOLE		16,917	0	0
SPX FLOW INC	COM	78469X107	203	6,671	SH		SOLE		6,671	0	0
FIRST MID ILL BANCSHARES INC	COM	320866106	11	345	SH		SOLE		345	0	0
FARMERS NATL BANC CORP/OH	COM	309627107	118	9,292	SH		SOLE		9,292	0	0
FIRST BANK	COM	31931U102	21	1,754	SH		SOLE		1,754	0	0
FRP HOLDINGS INC	COM	30292L107	35	760	SH		SOLE		760	0	0
FORTUNA SILVER MINES INC	COM	349915108	261	71,783	SH		SOLE		71,783	0	0
FEDERAL SIGNAL CORP	COM	313855108	79	3,983	SH		SOLE		3,983	0	0
FOSTER (LB) CO	COM	350060109	114	7,144	SH		SOLE		7,144	0	0
FULTON FINANCIAL	COM	360271100	234	15,128	SH		SOLE		15,128	0	0
FORWARD AIR CORP	COM	349853101	224	4,087	SH		SOLE		4,087	0	0
GLACIER BANCORP	COM	37637Q105	226	5,708	SH		SOLE		5,708	0	0
GLOBAL INDEMNITY LTD	COM	G3933F105	27	741	SH		SOLE		741	0	0
GEO GROUP INC	COM	36162J106	233	11,826	SH		SOLE		11,826	0	0
GRAHAM CORP	COM	384556106	77	3,370	SH		SOLE		3,370	0	0
GILDAN ACTIVEWEAR INC	COM	375916103	292	9,609	SH		SOLE		9,609	0	0
GILAT SATELLITE NETWORKS LTD	COM	M51474118	597	65,157	SH		SOLE		65,157	0	0
GCI LIBERTY INC	COM	36164V305	276	6,696	SH		SOLE		6,696	0	0
GLOBUS MEDICAL INC	COM	379577208	258	5,970	SH		SOLE		5,970	0	0
GENERAC HOLDINGS INC	COM	368736104	299	6,015	SH		SOLE		6,015	0	0
GUARANTY BANCSHARES INC	COM	400764106	68	2,264	SH		SOLE		2,264	0	0
GP STRATEGIES CORP	COM	36225V104	18	1,450	SH		SOLE		1,450	0	0
GREAT SOUTHERN BANCORP	COM	390905107	127	2,762	SH		SOLE		2,762	0	0
GENESEE & WYOMING INC -CL A	CL A	371559105	295	3,982	SH		SOLE		3,982	0	0
HOME BANCORP INC	COM	43689E107	104	2,931	SH		SOLE		2,931	0	0
HUDBAY MINERALS INC	COM	443628102	60	12,770	SH		SOLE		12,770	0	0
HOWARD BANCORP INC	COM	442496105	11	791	SH		SOLE		791	0	0
HERITAGE-CRYSTAL CLEAN INC	COM	42726M106	47	2,035	SH		SOLE		2,035	0	0
HACKETT GROUP INC	COM	404609109	318	19,852	SH		SOLE		19,852	0	0
HAWAIIAN ELECTRIC INDS	COM	419870100	318	8,674	SH		SOLE		8,674	0	0
HILLENBRAND INC	COM	431571108	206	5,435	SH		SOLE		5,435	0	0
HINGHAM INSTN SVGS	COM	433323102	140	708	SH		SOLE		708	0	0
HALLADOR ENERGY CO	COM	40609P105	93	18,255	SH		SOLE		18,255	0	0
HOOKER FURNITURE CORP	COM	439038100	61	2,315	SH		SOLE		2,315	0	0
HOLLYSYS AUTOMATION TECH LTD	COM	G45667105	128	7,317	SH		SOLE		7,317	0	0
HOME BANCSHARES INC	COM	436893200	208	12,723	SH		SOLE		12,723	0	0
HARBORONE BANCORP INC	COM	41165F101	47	2,968	SH		SOLE		2,968	0	0
HOPE BANCORP INC	COM	43940T109	198	16,736	SH		SOLE		16,736	0	0
HILL-ROM HOLDINGS INC	COM	431475102	274	3,092	SH		SOLE		3,092	0	0
HOMETRUST BANCSHARES INC	COM	437872104	134	5,113	SH		SOLE		5,113	0	0
HERITAGE COMMERCE CORP	COM	426927109	26	2,296	SH		SOLE		2,296	0	0
HILLTOP HOLDINGS INC	COM	432748101	219	12,309	SH		SOLE		12,309	0	0
HANCOCK WHITNEY CORP	COM	410120109	407	11,737	SH		SOLE		11,737	0	0
HAWKINS INC	COM	420261109	223	5,453	SH		SOLE		5,453	0	0
INDEPENDENT BANK CORP/MI	COM	453838609	88	4,200	SH		SOLE		4,200	0	0
INTL BANCSHARES CORP	COM	459044103	223	6,494	SH		SOLE		6,494	0	0
ICF INTERNATIONAL INC	COM	44925C103	94	1,448	SH		SOLE		1,448	0	0
ICU MEDICAL INC	COM	44930G107	238	1,036	SH		SOLE		1,036	0	0
INTERXION HOLDING NV	COM	N47279109	527	9,734	SH		SOLE		9,734	0	0
INTER PARFUMS INC	COM	458334109	105	1,601	SH		SOLE		1,601	0	0
INVESTORS BANCORP INC.	COM	46146L101	226	21,685	SH		SOLE		21,685	0	0
ISRAMCO INC	COM	465141406	424	3,576	SH		SOLE		3,576	0	0
INVESTAR HOLDING CORP	COM	46134L105	79	3,166	SH		SOLE		3,166	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	236	16,281	SH		SOLE		16,281	0	0
JABIL CIRCUIT	COM	466313103	310	12,519	SH		SOLE		12,519	0	0
J2 GLOBAL INC	COM	48123V102	307	4,427	SH		SOLE		4,427	0	0
JANUS HENDERSON GROUP PLC	COM	G4474Y214	213	10,301	SH		SOLE		10,301	0	0
WILEY (JOHN) & SONS -CL A	CL A	968223206	271	5,780	SH		SOLE		5,780	0	0
KADANT INC	COM	48282T104	92	1,126	SH		SOLE		1,126	0	0
KALVISTA PHARMACEUTICALS	COM	483497103	35	1,789	SH		SOLE		1,789	0	0
KIMBALL INTERNATIONAL -CL B	CL B	494274103	340	23,962	SH		SOLE		23,962	0	0
KENON HOLDINGS LTD	COM	Y46717107	182	12,316	SH		SOLE		12,316	0	0
KFORCE INC	COM	493732101	48	1,546	SH		SOLE		1,546	0	0
KINGSTONE COS INC	COM	496719105	18	995	SH		SOLE		995	0	0
KAMADA LTD	COM	M6240T109	181	36,154	SH		SOLE		36,154	0	0
KEMPER CORP/DE	COM	488401100	242	3,653	SH		SOLE		3,653	0	0
LAWSON PRODUCTS	COM	520776105	674	21,322	SH		SOLE		21,322	0	0
LCNB CORP	COM	50181P100	25	1,665	SH		SOLE		1,665	0	0
LIFETIME BRANDS INC	COM	53222Q103	71	7,107	SH		SOLE		7,107	0	0
LYDALL INC	COM	550819106	34	1,682	SH		SOLE		1,682	0	0
LINCOLN ELECTRIC	COM	533900106	240	3,048	SH		SOLE		3,048	0	0
GRAND CANYON EDUCATION INC	COM	38526M106	241	2,502	SH		SOLE		2,502	0	0
K12 INC	COM	48273U102	52	2,116	SH		SOLE		2,116	0	0
LIFE STORAGE INC	COM	53223X107	317	3,412	SH		SOLE		3,412	0	0
LADENBURG THALMANN FINL SERV	COM	50575Q102	9	3,994	SH		SOLE		3,994	0	0
LSI INDUSTRIES INC	COM	50216C108	31	9,750	SH		SOLE		9,750	0	0
MANTECH INTL CORP	COM	564563104	247	4,724	SH		SOLE		4,724	0	0
MANCHESTER UNITED PLC	COM	G5784H106	49	2,559	SH		SOLE		2,559	0	0
MBT FINANCIAL CORP	COM	578877102	57	6,174	SH		SOLE		6,174	0	0
MERCANTILE BANK CORP	COM	587376104	122	4,313	SH		SOLE		4,313	0	0
MDU RESOURCES GROUP	COM	552690109	297	12,466	SH		SOLE		12,466	0	0
MISTRAS GROUP INC	COM	60649T107	226	15,716	SH		SOLE		15,716	0	0
MAGIC SOFTWARE ENTERPRISES	COM	559166103	431	56,519	SH		SOLE		56,519	0	0
MCGRATH RENTCORP	COM	580589109	166	3,224	SH		SOLE		3,224	0	0
MAJESCO	COM	56068V102	153	21,617	SH		SOLE		21,617	0	0
MERIT MEDICAL SYSTEMS INC	COM	589889104	305	5,466	SH		SOLE		5,466	0	0
MONMOUTH RE INVESTMENT CP	COM	609720107	268	21,613	SH		SOLE		21,613	0	0
MIDWESTONE FINANCIAL GROUP	COM	598511103	125	5,022	SH		SOLE		5,022	0	0
MOOG INC -CL A	CL A	615394202	257	3,314	SH		SOLE		3,314	0	0
MORNINGSTAR INC	COM	617700109	261	2,373	SH		SOLE		2,373	0	0
MOUNTAIN PROVINCE DIAMONDS	COM	62426E402	137	95,038	SH		SOLE		95,038	0	0
MSA SAFETY INC	COM	553498106	258	2,732	SH		SOLE		2,732	0	0
MSC INDUSTRIAL DIRECT -CL A	CL A	553530106	300	3,897	SH		SOLE		3,897	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	219	4,264	SH		SOLE		4,264	0	0
MURPHY USA INC	COM	626755102	305	3,985	SH		SOLE		3,985	0	0
MVB FINANCIAL CORP	COM	553810102	34	1,891	SH		SOLE		1,891	0	0
MVC CAPITAL INC	COM	553829102	65	7,887	SH		SOLE		7,887	0	0
MUELLER WATER PRODUCTS INC	COM	624758108	505	55,466	SH		SOLE		55,466	0	0
NATIONAL INSTRUMENTS CORP	COM	636518102	278	6,136	SH		SOLE		6,136	0	0
NACCO INDUSTRIES -CL A	CL A	629579103	55	1,627	SH		SOLE		1,627	0	0
NAVIGANT CONSULTING INC	COM	63935N107	301	12,498	SH		SOLE		12,498	0	0
NATIONAL ENERGY SERVICES REU	COM	G6375R107	90	10,338	SH		SOLE		10,338	0	0
NEW MEDIA INVESTMENT GROUP	COM	64704V106	253	21,906	SH		SOLE		21,906	0	0
NATURAL GAS SERVICES GROUP	COM	63886Q109	98	5,982	SH		SOLE		5,982	0	0
NATIONAL HEALTHCARE CORP	COM	635906100	214	2,731	SH		SOLE		2,731	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	327	7,150	SH		SOLE		7,150	0	0
NL INDUSTRIES	COM	629156407	161	45,737	SH		SOLE		45,737	0	0
NOMAD FOODS LTD	COM	G6564A105	523	31,309	SH		SOLE		31,309	0	0
INSPERITY INC.	COM	45778Q107	229	2,457	SH		SOLE		2,457	0	0
BANK OF N.T. BUTTERFIELD&SON	COM	G0772R208	176	5,619	SH		SOLE		5,619	0	0
OAKTREE STRATEGIC INCOME CP	COM	67402D104	158	20,438	SH		SOLE		20,438	0	0
OAKTREE SPECIALTY LENDING CP	COM	67401P108	129	30,572	SH		SOLE		30,572	0	0
OIL DRI CORP AMERICA	COM	677864100	176	6,647	SH		SOLE		6,647	0	0
ORION ENGINEERED CARBONS SA	COM	L72967109	217	8,797	SH		SOLE		8,797	0	0
OPPENHEIMER HOLDINGS INC	COM	683797104	21	811	SH		SOLE		811	0	0
ORBOTECH LTD	COM	M75253100	594	10,499	SH		SOLE		10,499	0	0
ORION GROUP HOLDINGS INC	COM	68628V308	29	6,705	SH		SOLE		6,705	0	0
OLD SECOND BANCORP INC/IL	COM	680277100	84	6,436	SH		SOLE		6,436	0	0
OSHKOSH CORP	COM	688239201	291	4,740	SH		SOLE		4,740	0	0
OXFORD SQUARE CAPITAL CORP	COM	69181V107	74	11,398	SH		SOLE		11,398	0	0
PROSPERITY BANCSHARES INC	COM	743606105	230	3,691	SH		SOLE		3,691	0	0
PEOPLES BANCORP INC/OH	COM	709789101	10	329	SH		SOLE		329	0	0
PREMIER FINANCIAL BANCORP	COM	74050M105	103	6,903	SH		SOLE		6,903	0	0
PERFORMANCE FOOD GROUP CO	COM	71377A103	299	9,281	SH		SOLE		9,281	0	0
PEOPLES FINANCIAL SERVICES	COM	711040105	37	844	SH		SOLE		844	0	0
PEAPACK-GLADSTONE FINL CORP	COM	704699107	11	442	SH		SOLE		442	0	0
PARKE BANCORP INC	COM	700885106	22	1,192	SH		SOLE		1,192	0	0
PREFORMED LINE PRODUCTS CO	COM	740444104	426	7,850	SH		SOLE		7,850	0	0
PACIFIC MERCANTILE BANCORP	COM	694552100	33	4,611	SH		SOLE		4,611	0	0
PINGTAN MARINE ENTERPRISE LT	COM	G7114V102	58	22,674	SH		SOLE		22,674	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	215	4,664	SH		SOLE		4,664	0	0
PNM RESOURCES INC	COM	69349H107	303	7,370	SH		SOLE		7,370	0	0
PENNANTPARK INVESTMENT CORP	COM	708062104	130	20,390	SH		SOLE		20,390	0	0
PORTLAND GENERAL ELECTRIC CO	COM	736508847	329	7,169	SH		SOLE		7,169	0	0
PRGX GLOBAL INC	COM	69357C503	157	16,583	SH		SOLE		16,583	0	0
PROVIDENT BANCORP INC	COM	74383X109	43	1,986	SH		SOLE		1,986	0	0
PENNS WOODS BANCORP INC	COM	708430103	30	734	SH		SOLE		734	0	0
QUANTA SERVICES INC	COM	74762E102	291	9,665	SH		SOLE		9,665	0	0
QCR HOLDINGS INC	COM	74727A104	110	3,442	SH		SOLE		3,442	0	0
QUARTERHILL INC	COM	747713105	39	39,362	SH		SOLE		39,362	0	0
RITCHIE BROS AUCTIONEERS INC	COM	767744105	260	7,942	SH		SOLE		7,942	0	0
RIBBON COMMUNICATIONS INC	COM	762544104	149	30,882	SH		SOLE		30,882	0	0
REGAL BELOIT CORP	COM	758750103	238	3,392	SH		SOLE		3,392	0	0
REPUBLIC BANCORP INC/KY	COM	760281204	137	3,545	SH		SOLE		3,545	0	0
RESOURCES CONNECTION INC	COM	76122Q105	93	6,547	SH		SOLE		6,547	0	0
REXFORD INDUS REALTY	COM	76169C100	296	10,028	SH		SOLE		10,028	0	0
RESOLUTE FOREST PRODUCTS INC	COM	76117W109	143	18,046	SH		SOLE		18,046	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	225	3,372	SH		SOLE		3,372	0	0
RIMINI STREET INC-REDH	COM	76674Q107	126	24,487	SH		SOLE		24,487	0	0
RIGNET INC.	COM	766582100	140	11,102	SH		SOLE		11,102	0	0
RETAIL OPPORTUNITY INVTS CP	COM	76131N101	290	18,286	SH		SOLE		18,286	0	0
RBC BEARINGS INC	COM	75524B104	245	1,869	SH		SOLE		1,869	0	0
RETAIL PPTYS OF AMERICA INC	COM	76131V202	265	24,465	SH		SOLE		24,465	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	239	3,363	SH		SOLE		3,363	0	0
RIVERVIEW BANCORP INC	COM	769397100	27	3,735	SH		SOLE		3,735	0	0
SAFETY INCOME AND GROWTH INC	COM	78649D104	122	6,489	SH		SOLE		6,489	0	0
ECHOSTAR CORP	COM	278768106	230	6,275	SH		SOLE		6,275	0	0
STERLING BANCORP INC	COM	85917W102	9	1,361	SH		SOLE		1,361	0	0
SANTANDER CONSUMER USA HLDGS	COM	80283M101	259	14,724	SH		SOLE		14,724	0	0
SOUTHERN FIRST BANKSHARES	COM	842873101	48	1,489	SH		SOLE		1,489	0	0
SUPERIOR UNIFORM GROUP INC	COM	868358102	465	26,372	SH		SOLE		26,372	0	0
STEVEN MADDEN	COM	556269108	301	9,954	SH		SOLE		9,954	0	0
SELECTIVE INS GROUP INC	COM	816300107	289	4,744	SH		SOLE		4,744	0	0
SOUTH JERSEY INDUSTRIES INC	COM	838518108	295	10,618	SH		SOLE		10,618	0	0
SKYWEST INC	COM	830879102	232	5,217	SH		SOLE		5,217	0	0
SOUTHERN MISSOURI BANCORP	COM	843380106	112	3,318	SH		SOLE		3,318	0	0
SMARTFINANCIAL INC	COM	83190L208	22	1,211	SH		SOLE		1,211	0	0
SUMMIT FINANCIAL GROUP INC	COM	86606G101	109	5,626	SH		SOLE		5,626	0	0
SIMPLY GOOD FOODS COMPANY	COM	82900L102	314	16,630	SH		SOLE		16,630	0	0
SIERRA METALS INC	COM	82639W106	281	159,769	SH		SOLE		159,769	0	0
SENIOR HOUSING PPTYS TRUST	COM	81721M109	202	17,211	SH		SOLE		17,211	0	0
SOUTHERN NATIONAL BANCORP VA	COM	843395104	11	801	SH		SOLE		801	0	0
SP PLUS CORP	COM	78469C103	110	3,712	SH		SOLE		3,712	0	0
SAPIENS INTERNATIONAL CORP	COM	G7T16G103	367	33,260	SH		SOLE		33,260	0	0
STAG INDUSTRIAL INC	COM	85254J102	305	12,276	SH		SOLE		12,276	0	0
STERLING BANCORP	COM	85917A100	224	13,559	SH		SOLE		13,559	0	0
SINOVAC BIOTECH LTD	COM	P8696W104	84	12,159	SH		SOLE		12,159	0	0
SOUTHWEST GAS HOLDINGS INC	COM	844895102	278	3,630	SH		SOLE		3,630	0	0
STANDEX INTERNATIONAL CORP	COM	854231107	236	3,510	SH		SOLE		3,510	0	0
TRANSALTA CORP	COM	89346D107	125	30,360	SH		SOLE		30,360	0	0
BANCORP INC	COM	05969A105	12	1,447	SH		SOLE		1,447	0	0
TERRITORIAL BANCORP INC	COM	88145X108	142	5,480	SH		SOLE		5,480	0	0
TRICO BANCSHARES	COM	896095106	59	1,738	SH		SOLE		1,738	0	0
TCF FINANCIAL CORP	COM	872275102	232	11,900	SH		SOLE		11,900	0	0
THL CREDIT INC	COM	872438106	60	9,849	SH		SOLE		9,849	0	0
TREDEGAR CORP	COM	894650100	89	5,617	SH		SOLE		5,617	0	0
TASEKO MINES LTD	COM	876511106	17	35,516	SH		SOLE		35,516	0	0
FIRST FINANCIAL CORP/IN	COM	320218100	22	538	SH		SOLE		538	0	0
TIER REIT INC	COM	88650V208	38	1,828	SH		SOLE		1,828	0	0
INTERFACE INC	COM	458665304	275	19,325	SH		SOLE		19,325	0	0
TIMKEN CO	COM	887389104	215	5,763	SH		SOLE		5,763	0	0
TEXAS PACIFIC LAND TRUST	COM	882610108	179	331	SH		SOLE		331	0	0
THIRD POINT REINSURANCE LTD	COM	G8827U100	227	23,560	SH		SOLE		23,560	0	0
SPEEDWAY MOTORSPORTS INC	COM	847788106	523	32,164	SH		SOLE		32,164	0	0
TRUSTMARK CORP	COM	898402102	225	7,913	SH		SOLE		7,913	0	0
TRINITY INDUSTRIES	COM	896522109	210	10,214	SH		SOLE		10,214	0	0
TERRENO REALTY CORP	COM	88146M101	303	8,614	SH		SOLE		8,614	0	0
TURQUOISE HILL RESOURCES LTD	COM	900435108	226	136,706	SH		SOLE		136,706	0	0
TRIMAS CORP	COM	896215209	43	1,565	SH		SOLE		1,565	0	0
TRINSEO SA	COM	L9340P101	162	3,537	SH		SOLE		3,537	0	0
TPG SPECIALTY LENDING INC	COM	87265K102	33	1,802	SH		SOLE		1,802	0	0
TELETECH HOLDINGS INC	COM	89854H102	261	9,152	SH		SOLE		9,152	0	0
TETRA TECH INC	COM	88162G103	218	4,205	SH		SOLE		4,205	0	0
TECHTARGET INC	COM	87874R100	112	9,208	SH		SOLE		9,208	0	0
TRAVELPORT WORLDWIDE LTD	COM	G9019D104	273	17,482	SH		SOLE		17,482	0	0
TWIN DISC INC	COM	901476101	36	2,466	SH		SOLE		2,466	0	0
TEXAS ROADHOUSE INC	COM	882681109	314	5,258	SH		SOLE		5,258	0	0
URSTADT BIDDLE PROPERTIES	COM	917286205	44	2,314	SH		SOLE		2,314	0	0
UNITED FINANCIAL BANCORP INC	COM	910304104	60	4,072	SH		SOLE		4,072	0	0
UNITED BANKSHRS INC/WV	COM	909907107	226	7,249	SH		SOLE		7,249	0	0
UNITED COMMUNITY BANKS INC	COM	90984P303	218	10,178	SH		SOLE		10,178	0	0
UNITED COMMUNITY FINL CORP	COM	909839102	116	13,138	SH		SOLE		13,138	0	0
NET 1 UEPS TECHNOLOGIES INC	COM	64107N206	103	21,995	SH		SOLE		21,995	0	0
UNIFI INC	COM	904677200	26	1,158	SH		SOLE		1,158	0	0
UNIVERSAL FOREST PRODS INC	COM	913543104	219	8,449	SH		SOLE		8,449	0	0
UFP TECHNOLOGIES INC	COM	902673102	184	6,137	SH		SOLE		6,137	0	0
UMPQUA HOLDINGS CORP	COM	904214103	417	26,238	SH		SOLE		26,238	0	0
UNIFIRST CORP	COM	904708104	245	1,709	SH		SOLE		1,709	0	0
UNITY BANCORP INC	COM	913290102	112	5,381	SH		SOLE		5,381	0	0
UNIVAR INC	COM	91336L107	166	9,347	SH		SOLE		9,347	0	0
VECTRUS INC	COM	92242T101	27	1,241	SH		SOLE		1,241	0	0
VECTOR GROUP	COM	92240M108	236	24,276	SH		SOLE		24,276	0	0
VSE CORP	COM	918284100	71	2,381	SH		SOLE		2,381	0	0
WASHINGTON FEDERAL INC	COM	938824109	235	8,800	SH		SOLE		8,800	0	0
WENDY'S CO	COM	95058W100	294	18,807	SH		SOLE		18,807	0	0
WINMARK CORP	COM	974250102	271	1,703	SH		SOLE		1,703	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	331	16,958	SH		SOLE		16,958	0	0
WEINGARTEN REALTY INVST	COM	948741103	284	11,462	SH		SOLE		11,462	0	0
WATERSTONE FINANCIAL INC	COM	94188P101	42	2,525	SH		SOLE		2,525	0	0
WATSCO INC	COM	942622200	301	2,166	SH		SOLE		2,166	0	0
WEST BANCORPORATION INC	COM	95123P106	130	6,800	SH		SOLE		6,800	0	0
WINTRUST FINANCIAL CORP	COM	97650W108	431	6,480	SH		SOLE		6,480	0	0
WOODWARD INC	COM	980745103	267	3,596	SH		SOLE		3,596	0	0
ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF	JPMORGAN USD EMG	464288281	10,321	99,326	SH		SOLE		99,326	0	0
ISHARES IBOXX USD HIGH YELD	IBOXX HI YD ETF	464288513	9,666	119,191	SH		SOLE		119,191	0	0