Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	DILIP BUILDCON LTD	1,072,617	$16.5M	2.8%	$9.18	—	COM	00BYY7XH2
—	FUJI SEAL INTERNATIONAL INC	359,000	$14.16M	2.4%	$30.21	—	COM	006083704
—	RUBIS	195,814	$14.12M	2.4%	$63.75	—	COM	00BDT88L2
—	TELEPERFORMANCE	78,430	$12.15M	2.1%	$149.32	—	COM	005999330
—	CAE INC	632,476	$11.76M	2.0%	$17.46	—	COM	002162760
—	UDG HEALTHCARE PLC	937,507	$11.41M	1.9%	$11.40	—	COM	003302480
ICLR	ICON PUB LTD CO	95,797	$11.32M	1.9%	$79.86	+43.6%	COM	G4705A100
—	EDITA FOOD INDUSTRIES SAE	9,971,151	$11.31M	1.9%	$0.92	—	COM	00BTGQKS2
—	NIPPON GAS CO LTD	224,726	$10.63M	1.8%	$47.30	—	COM	006640067
—	NOMURA RESEARCH INSTITUTE	225,042	$10.48M	1.8%	$39.38	—	COM	006390921
1741046D	STERIS PLC	111,918	$10.45M	1.8%	$71.00	—	COM	G84720104
—	VIDEOCON D2H LIMITED	1,254,664	$10.29M	1.8%	$10.47	—	COM	92657J101
—	ORPEA	78,160	$9.925M	1.7%	$118.46	—	COM	007339451
—	KERRY GROUP PLC	97,169	$9.847M	1.7%	$96.10	—	COM	004519579
—	SARANTIS	544,980	$9.584M	1.6%	$14.65	—	COM	007124958
—	TRANSCOSMOS INC	370,240	$9.56M	1.6%	$23.05	—	COM	006900955
—	FORTIS HEALTHCARE LTD FOREIG	4,958,783	$9.378M	1.6%	$2.27	—	COM	00B1XC098
—	SONIC HEALTHCARE LTD	531,974	$9.336M	1.6%	$16.41	—	COM	006821120
—	SECOM CO	125,406	$9.233M	1.6%	$72.95	—	COM	006791591
—	ALICORP S.A.A	2,563,613	$8.937M	1.5%	$2.84	—	COM	002162834
—	FEDERAL BANK LTD	6,522,494	$8.92M	1.5%	$1.68	—	COM	00BFT7KB7
—	OPEN TEXT CORP NPV	256,226	$8.908M	1.5%	$32.19	—	COM	002260824
—	DCC PLC	95,828	$8.818M	1.5%	$97.21	—	COM	000242493
—	FAR EAST HORIZON LTD	8,243,437	$8.718M	1.5%	$0.94	—	COM	00B63DLB5
—	GAM HOLDING AG	519,614	$8.709M	1.5%	$15.73	—	COM	00B1WHVV3
—	KERRY LOGISTICS NETWORK LTD	5,648,741	$8.349M	1.4%	$1.39	—	COM	00BH0W286
—	WIZ SOLUCOES E CORRETAGEM DE	2,482,691	$8.292M	1.4%	$4.70	—	COM	00BF13KV3
—	CLEOPATRA HOSPITAL	38,424,761	$8.26M	1.4%	$0.41	—	COM	00BYY7D05
—	LOOMIS AB	218,237	$7.828M	1.3%	$39.00	—	COM	00B3K7KL2
—	HUGEL INC	13,571	$7.588M	1.3%	$459.96	—	COM	00BZ1G175
—	PIRAMAL ENTERPRISES LTD	202,326	$7.547M	1.3%	$39.61	—	COM	00B058J56
—	ALLIAR MEDICOS A FRENTE (CENTR	1,490,095	$7.218M	1.2%	$5.39	—	COM	00BYX8VJ4
—	GRENKE AG	62,268	$6.594M	1.1%	$93.21	—	COM	00BYR4KP7
—	UNIVERSAL MEDICAL FINANCIAL	7,367,446	$6.421M	1.1%	$0.83	—	COM	00BYW7534
—	PRISM CEMENT LTD	3,602,202	$5.99M	1.0%	$1.58	—	COM	006104337
—	PESTECH INTERNATIONAL	14,805,967	$5.971M	1.0%	$0.37	—	COM	00B8095F2
—	LA COMER SAB DE CV	5,898,440	$5.952M	1.0%	$1.01	—	COM	00BZ8W8S6
—	CHINA LESSO GROUP	7,246,460	$5.512M	0.9%	$0.68	—	COM	00bcdbkf8
—	STI EDUCATION SYSTEMS	195,409,015	$5.468M	0.9%	$0.03	—	COM	00B82RXW7
—	BANCO ABC BRASIL	971,310	$5.304M	0.9%	$5.57	—	COM	00B23DMP8
—	CAHYA MATA SARAWAK	5,227,751	$5.203M	0.9%	$0.95	—	COM	006182861
—	SKP RESOURCES BHD	12,724,484	$5.198M	0.9%	$0.36	—	COM	00B03DHR1
—	FIRST PACIFIC CO LTD	9,541,116	$5.191M	0.9%	$0.80	—	COM	006339872
—	JOHN WOOD GROUP PLC	678,155	$5.137M	0.9%	$9.13	—	COM	00B5N0P84
INREF	INRETAIL PERU CORP	223,107	$4.975M	0.8%	$19.00	—	COM	P56242202
—	MITRA ADIPERKASA TBK PT	8,785,310	$4.961M	0.8%	$0.52	—	COM	00B03VZ37
—	SHRIRAM CITY UNION FINANCE	148,386	$4.849M	0.8%	$31.55	—	COM	006652881
—	SANLAM	667,291	$4.804M	0.8%	$5.53	—	COM	00b0l6750
—	MATAHARI DEPARTMENT STORE TB	5,859,100	$4.66M	0.8%	$0.69	—	COM	006665878
—	PARQUE ARAUCO SA	1,499,498	$4.52M	0.8%	$2.74	—	COM	002684349
ARCO	ARCOS DORADOS HOLDINGS INC	488,638	$4.471M	0.8%	$5.48	+52.1%	COM	G0457F107
CPAC	CEMENTOS PACASMAYO SAA NEW	365,633	$4.388M	0.7%	$11.22	—	COM	15126Q208
—	SILOAM INTERNATIONAL HOSPITA	7,272,522	$4.226M	0.7%	$0.74	—	COM	00BDD1R10
—	SPIRAX-SARCO ENGINEERING PLC	51,488	$4.156M	0.7%	$74.13	—	COM	00BWFGQN1
—	BANK PEMBANGUNAN DAERAH JAWA T	86,448,080	$3.956M	0.7%	$0.05	—	COM	00b8fqlp0
—	LUCKY CEMENT	652,491	$3.892M	0.7%	$5.21	—	COM	006537557
—	VMART RETAIL LTD	133,512	$3.889M	0.7%	$24.30	—	COM	00B8XF8R0
—	CEMEX LATAM HOLDINGS SA	1,197,039	$3.814M	0.6%	$3.93	—	COM	00b88kb04
—	QUALICORP SA	550,737	$3.692M	0.6%	$11.98	—	COM	00B4LHBQ0
EFA	ISHARES MSCI EAFE	51,683	$3.601M	0.6%	$68.48	—	ETF	464287465
—	ADVTECH LTD	2,674,851	$3.569M	0.6%	$1.34	—	COM	006085216
—	MAHINDRA & MAHINDRA FIN SECS	480,254	$3.411M	0.6%	$6.42	—	COM	00B8F8822
SIGA	SIGA TECHNOLOGIES INC	551,535	$3.381M	0.6%	$2.46	+63.1%	COM	826917106
—	YES BANK LTD	672,860	$3.145M	0.5%	$5.32	—	COM	00BF0GLF4
—	INDUSIND BANK LTD	110,993	$3.058M	0.5%	$25.75	—	COM	006100454
—	ACE HARDWARE INDONESIA	31,375,100	$3.031M	0.5%	$0.09	—	COM	00B7JW351
—	EMPRESAS COPEC SA	189,833	$2.982M	0.5%	$13.21	—	COM	002196026
CASH	META FINANCIAL GROUP INC	26,900	$2.937M	0.5%	$27.06	+26.9%	COM	59100U108
—	SHIMAO PROPERTY HOLDINGS LTD	1,037,500	$2.935M	0.5%	$2.17	—	COM	00B16YNS1
—	ROSETTA STONE INC	219,005	$2.88M	0.5%	$10.78	—	COM	777780107
—	HEIDELBERGCEMENT INDIA LTD	1,312,413	$2.865M	0.5%	$1.83	—	COM	006613714
NOMD	NOMAD FOODS LIMITED	180,835	$2.846M	0.5%	$12.78	+29.3%	COM	G6564A105
—	LINX SA	257,100	$2.817M	0.5%	$10.96	—	COM	p6s933101
UGP	ULTRAPAR PARTICPAC SPON ADR	129,900	$2.808M	0.5%	$21.02	—	COM	90400P101
SHEN	SHENANDOAH TELECOMMUNICATIONS	75,996	$2.736M	0.5%	$30.99	+7.3%	COM	82312B106
—	KAP INDUSTRIAL HOLDINGS LTD	3,755,656	$2.726M	0.5%	$0.65	—	COM	00B95CZJ7
—	CCR SA	706,980	$2.659M	0.5%	$5.36	—	COM	002840970
—	S.A.C.I. FALABELLA	271,021	$2.615M	0.4%	$9.77	—	COM	002771672
—	CHINA OVERSEAS LAND & INVEST	752,000	$2.611M	0.4%	$3.25	—	COM	006192150
—	CHINA STATE CONSTRUCTION INT	2,124,000	$2.593M	0.4%	$1.45	—	COM	00B0BM5T8
—	PING AN INSURANCE GROUP CO H	243,000	$2.471M	0.4%	$7.67	—	COM	00B01FLR7
—	BRF SA	355,900	$2.463M	0.4%	$10.03	—	COM	10552T107
—	PUREGOLD PRICE CLUB INC	2,447,800	$2.461M	0.4%	$1.03	—	COM	00B725S29
—	BRYN MAWR BANK CORP	54,654	$2.402M	0.4%	$42.50	—	COM	117665109
—	HASCOL PETROLEUM LTD	1,013,604	$2.352M	0.4%	$2.40	—	COM	00BMM1PK9
—	XTEP INTERNATIONAL	4,205,000	$2.336M	0.4%	$0.46	—	COM	00B2RJYH8
—	HYPERMARCAS SA	211,100	$2.297M	0.4%	$10.22	—	COM	00B2QY968
—	CREDICORP LTD	10,000	$2.27M	0.4%	$163.31	—	COM	g2519y108
—	FIRSTSERVICE CORPORATION	30,845	$2.257M	0.4%	$63.96	—	COM	33767E103
—	DR WU SKINCARE CO LTD	519,000	$2.234M	0.4%	$4.33	—	COM	00BWTM419
—	METROPOLITAN BANK & TRUST	1,336,173	$2.197M	0.4%	$1.69	—	COM	006514442
—	PT STEEL PIPE INDUSTRY	230,665,206	$2.145M	0.4%	$0.01	—	COM	00b8jcwt5
—	SONDA SA	1,096,735	$2.13M	0.4%	$1.95	—	COM	00B1GBXT3
—	EDITA FOOD INDUSTRIES REG S GD	422,262	$2.111M	0.4%	$5.25	—	COM	BVFZKG901
—	SATS LTD NPV	538,177	$2.105M	0.4%	$3.39	—	COM	006243586
—	E INK HOLDINGS LTD	1,255,000	$2.077M	0.4%	$1.63	—	COM	006744283
MLI	MUELLER INDUSTRIES INC	73,065	$1.911M	0.3%	$13.69	-1.2%	COM	624756102
ALEX	ALEXANDER & BALDWIN INC	77,496	$1.792M	0.3%	$30.02	—	COM	014491104
PARR	PAR PETROLEUM CORPORATION	103,519	$1.777M	0.3%	$16.83	+7.3%	COM	69888T207
—	GETBACK SA	830,503	$1.77M	0.3%	$5.29	—	COM	00BDT88G7
—	INVERSIONES LA CONSTRUCCION	89,000	$1.752M	0.3%	$18.92	—	COM	00B6ZJ069
—	TIER REIT INC REIT	94,200	$1.741M	0.3%	$18.48	—	COM	88650V208
LMB	LIMBACH HOLDINGS INC	140,005	$1.711M	0.3%	$12.91	0.0%	COM	53263P105
NGS	NATURAL GAS SVCS GROUP INC	70,260	$1.676M	0.3%	$25.69	+2.9%	COM	63886Q109
—	LG HOUSEHOLD & HEALTH CARE	1,467	$1.641M	0.3%	$817.19	—	COM	006344456
YTRA	YATRA ONLINE INC	241,270	$1.595M	0.3%	$9.22	-23.7%	COM	G98338109
—	CONCEPCION INDUSTRIAL CORPOR	1,356,770	$1.591M	0.3%	$1.36	—	COM	00BGLCDS5
—	OBEROI REALTY LTD	196,582	$1.538M	0.3%	$6.49	—	COM	00B4MXNL6
—	KASIKORNBANK PCL FOREIGN	224,300	$1.528M	0.3%	$6.81	—	COM	006888794
NRIM	NORTHRIM BANCORP INC	43,549	$1.505M	0.3%	$5.53	+14.9%	COM	666762109
ASIX	ADVANSIX INC	42,240	$1.469M	0.3%	$26.02	+38.4%	COM	00773T101
SAFT	SAFETY INS GROUP INC	18,590	$1.429M	0.2%	$68.56	+11.6%	COM	78648T100
WINA	WINMARK CORP	10,682	$1.397M	0.2%	$126.51	+4.5%	COM	974250102
—	CONTINENTAL BUILDING PRODUCTS	45,028	$1.286M	0.2%	$23.30	—	COM	211171103
IESC	IES HOLDINGS INC	80,715	$1.223M	0.2%	$17.87	-7.8%	COM	44951W106
—	WEG SA	166,900	$1.135M	0.2%	$6.77	—	COM	002945422
—	AVI LTD	120,000	$1.122M	0.2%	$7.25	—	COM	006040958
—	CORE-MARK HOLDING CO INC	52,464	$1.115M	0.2%	$33.05	—	COM	218681104
HBB	HAMILTON BEACH BRANDS HOLDING	52,503	$1.114M	0.2%	$26.23	-22.4%	COM	40701T104
SENEA	SENECA FOODS CORP CL A	37,365	$1.035M	0.2%	$33.71	-10.8%	COM	817070501
—	JAMNA AUTO INDUSTRIES LTD	280,379	$337K	0.1%	$1.20	—	COM	00BD72JF7