Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	TELEPERFORMANCE	83,353	$15.73M	3.1%	$151.65	—	COM	005999330
ICLR	ICON PUB LTD CO	101,894	$15.67M	3.0%	$83.66	+71.4%	COM	G4705A100
—	CAE INC	672,370	$13.64M	2.6%	$17.62	—	COM	002162760
1741046D	STERIS PLC	118,918	$13.6M	2.6%	$73.55	—	COM	G84720104
—	FUJI SEAL INTERNATIONAL INC	381,400	$13.52M	2.6%	$30.51	—	COM	006083704
—	NOMURA RESEARCH INSTITUTE	239,142	$12.09M	2.3%	$40.04	—	COM	006390921
—	NIPPON GAS CO LTD	238,926	$11.93M	2.3%	$47.45	—	COM	006640067
—	RUBIS	213,507	$11.56M	2.2%	$63.01	—	COM	00BDT88L2
—	KERRY GROUP PLC	103,230	$11.42M	2.2%	$96.95	—	COM	004519579
—	OPEN TEXT CORP NPV	296,520	$11.28M	2.2%	$32.77	—	COM	002260824
—	SECOM CO	133,206	$10.86M	2.1%	$73.46	—	COM	006791591
—	ORPEA	82,996	$10.74M	2.1%	$119.10	—	COM	007339451
—	SONIC HEALTHCARE LTD	572,664	$10.32M	2.0%	$16.52	—	COM	006821120
—	KERRY LOGISTICS NETWORK LTD	6,004,241	$10.02M	1.9%	$1.41	—	COM	00BH0W286
—	TRANSCOSMOS INC	392,840	$9.943M	1.9%	$23.18	—	COM	006900955
—	EDITA FOOD INDUSTRIES SAE	10,118,151	$9.446M	1.8%	$0.93	—	COM	00BTGQKS2
—	DCC PLC	101,739	$9.241M	1.8%	$96.84	—	COM	000242493
—	UDG HEALTHCARE PLC	996,993	$8.847M	1.7%	$11.25	—	COM	003302480
—	SARANTIS	1,013,288	$8.733M	1.7%	$11.41	—	COM	007124958
—	FAR EAST HORIZON LTD	8,755,437	$8.336M	1.6%	$0.94	—	COM	00B63DLB5
—	GRENKE AG	66,350	$7.915M	1.5%	$94.81	—	COM	00BYR4KP7
—	FORTIS HEALTHCARE LTD FOREIG	4,055,796	$7.55M	1.5%	$2.22	—	COM	00B1XC098
—	LOOMIS AB	232,510	$7.483M	1.5%	$38.58	—	COM	00B3K7KL2
—	JOHN WOOD GROUP PLC	719,650	$7.241M	1.4%	$9.18	—	COM	00B5N0P84
—	PIRAMAL ENTERPRISES LTD	204,224	$6.478M	1.3%	$38.92	—	COM	00B058J56
—	CLEOPATRA HOSPITAL	32,471,354	$6.252M	1.2%	$0.41	—	COM	00BYY7D05
—	LA COMER SAB DE CV	5,258,458	$5.95M	1.2%	$1.01	—	COM	00BZ8W8S6
DTTVY	DISH TV INDIA LTD GDR	7,662,292	$5.518M	1.1%	$0.97	—	COM	25471A401
—	ALICORP S.A.A	1,688,640	$5.401M	1.0%	$2.84	—	COM	002162834
—	SPIRAX-SARCO ENGINEERING PLC	54,869	$5.223M	1.0%	$75.43	—	COM	00BWFGQN1
—	GENERTEC UNIVERSAL MEDICAL	6,788,432	$5.214M	1.0%	$0.82	—	COM	00BYW7534
—	FIRST PACIFIC CO LTD	10,111,116	$4.988M	1.0%	$0.78	—	COM	006339872
—	TEJAS NETWORKS LTD	1,358,196	$4.862M	0.9%	$3.58	—	COM	00BF1XGY8
—	FEDERAL BANK LTD	4,833,964	$4.715M	0.9%	$1.68	—	COM	00BFT7KB7
—	ROSETTA STONE INC	219,005	$4.356M	0.8%	$10.78	—	COM	777780107
—	PRISM CEMENT LTD	3,602,202	$4.353M	0.8%	$1.58	—	COM	006104337
INREF	INRETAIL PERU CORP	165,347	$4.316M	0.8%	$19.00	—	COM	P56242202
—	PESTECH INTERNATIONAL	11,412,878	$4.137M	0.8%	$0.37	—	COM	00B8095F2
—	CAHYA MATA SARAWAK	5,838,718	$4.12M	0.8%	$0.83	—	COM	006182861
—	GAM HOLDING AG	551,159	$3.933M	0.8%	$15.23	—	COM	00B1WHVV3
—	PING AN INSURANCE GROUP CO H	379,500	$3.856M	0.7%	$8.52	—	COM	00B01FLR7
SIGA	SIGA TECHNOLOGIES INC	551,535	$3.8M	0.7%	$2.46	+117.9%	COM	826917106
—	XTEP INTERNATIONAL	6,494,500	$3.76M	0.7%	$0.51	—	COM	00B2RJYH8
—	SHIMAO PROPERTY HOLDINGS LTD	1,506,500	$3.758M	0.7%	$2.30	—	COM	00B16YNS1
NOMD	NOMAD FOODS LIMITED	180,835	$3.664M	0.7%	$12.78	+54.7%	COM	G6564A105
—	YUZHOU PROPERTIES CO	8,764,000	$3.562M	0.7%	$0.51	—	COM	00B51QBN1
—	CHINA PACIFIC INSURANCE GROUP	913,600	$3.526M	0.7%	$3.87	—	COM	00B2Q5H56
—	HEIDELBERGCEMENT INDIA LTD	1,629,755	$3.236M	0.6%	$1.86	—	COM	006613714
—	LINX SA	433,207	$3.209M	0.6%	$8.52	—	COM	00B9DL3B4
—	VMART RETAIL LTD	90,543	$3.132M	0.6%	$24.30	—	COM	00B8XF8R0
—	STI EDUCATION SYSTEMS	188,061,061	$3.098M	0.6%	$0.03	—	COM	00B82RXW7
—	DALI FOODS GROUP CO LTD	4,145,000	$2.982M	0.6%	$0.74	—	COM	00BYQ9796
—	LG HOUSEHOLD & HEALTH CARE	2,583	$2.971M	0.6%	$961.07	—	COM	006344456
—	MATAHARI DEPARTMENT STORE TB	6,353,000	$2.952M	0.6%	$0.65	—	COM	006665878
SHEN	SHENANDOAH TELECOMMUNICATIONS	76,036	$2.946M	0.6%	$30.99	+14.9%	COM	82312B106
—	PARQUE ARAUCO SA	1,117,794	$2.889M	0.6%	$2.75	—	COM	002684349
EFA	ISHARES MSCI EAFE	42,397	$2.883M	0.6%	$68.46	—	ETF	464287465
—	MAHINDRA & MAHINDRA FIN SECS	511,784	$2.825M	0.5%	$6.34	—	COM	00B8F8822
—	BANK PEMBANGUNAN DAERAH JAWA T	64,068,580	$2.795M	0.5%	$0.05	—	COM	00b8fqlp0
—	QUALICORP SA	674,325	$2.783M	0.5%	$10.54	—	COM	00B4LHBQ0
—	FIRSTSERVICE CORPORATION	30,845	$2.611M	0.5%	$63.96	—	COM	33767E103
—	DILIP BUILDCON LTD	287,596	$2.594M	0.5%	$9.18	—	COM	00BYY7XH2
—	MUANGTHAI CAPITAL PCL NVDR	1,719,205	$2.565M	0.5%	$1.49	—	COM	00BSNLDQ2
—	BRYN MAWR BANK CORP	54,654	$2.563M	0.5%	$42.50	—	COM	117665109
—	CHINA RESOURCES BEER HOLDING	630,000	$2.532M	0.5%	$4.02	—	COM	006972459
ARCO	ARCOS DORADOS HOLDINGS INC	401,316	$2.508M	0.5%	$5.48	+7.9%	COM	G0457F107
—	SHRIRAM CITY UNION FINANCE	109,976	$2.508M	0.5%	$31.55	—	COM	006652881
—	CENTRO DE IMAGEM (ALLIAR MEDIC	843,836	$2.468M	0.5%	$5.39	—	COM	00BYX8VJ4
—	KEI INDUSTRIES LTD	485,918	$2.406M	0.5%	$4.95	—	COM	00B1L9PJ6
—	METROPOLITAN BANK & TRUST	1,923,043	$2.385M	0.5%	$1.57	—	COM	006514442
—	KASIKORNBANK PCL FOREIGN	350,500	$2.363M	0.5%	$6.73	—	COM	006888794
—	MITRA ADIPERKASA TBK PT	42,466,021	$2.351M	0.5%	$0.12	—	COM	00B03VZ37
—	PUBLIC BANK BERHAD	381,300	$2.303M	0.4%	$6.04	—	COM	00B012W42
—	D&L INDUSTRIES INC	12,578,477	$2.293M	0.4%	$0.19	—	COM	00B99R1B2
—	SKP RESOURCES BHD	6,775,503	$2.276M	0.4%	$0.35	—	COM	00B03DHR1
—	TIER REIT INC REIT	94,200	$2.27M	0.4%	$18.48	—	COM	88650V208
—	BANCO ABC BRASIL	633,672	$2.215M	0.4%	$5.57	—	COM	00B23DMP8
—	S.A.C.I. FALABELLA	271,021	$2.2M	0.4%	$9.77	—	COM	002771672
—	INVERSIONES LA CONSTRUCCION	126,000	$2.193M	0.4%	$18.06	—	COM	00B6ZJ069
—	SATS LTD NPV	570,677	$2.18M	0.4%	$3.42	—	COM	006243586
MLI	MUELLER INDUSTRIES INC	73,065	$2.117M	0.4%	$13.69	+1.5%	COM	624756102
PARR	PAR PETROLEUM CORPORATION	102,909	$2.099M	0.4%	$16.83	+9.2%	COM	69888T207
—	CCR SA	980,780	$2.078M	0.4%	$4.45	—	COM	002840970
CPAC	CEMENTOS PACASMAYO SAA NEW	195,341	$2.041M	0.4%	$11.22	—	COM	15126Q208
—	E INK HOLDINGS LTD	1,979,000	$2.029M	0.4%	$1.42	—	COM	006744283
—	DR WU SKINCARE CO LTD	741,000	$1.99M	0.4%	$3.86	—	COM	00BWTM419
RILY	B. RILEY FINANCIAL INC	87,420	$1.98M	0.4%	$21.51	+3.9%	COM	05580M108
—	BRF SA	355,900	$1.95M	0.4%	$10.03	—	COM	10552T107
—	YES BANK LTD	769,836	$1.95M	0.4%	$4.97	—	COM	00BF0GLF4
—	Q TECHNOLOGY GROUP CO LTD	2,903,000	$1.877M	0.4%	$0.71	—	COM	00BSXNPQ2
—	ARGAN INC	43,480	$1.87M	0.4%	$43.01	—	COM	04010e109
—	JAMNA AUTO INDUSTRIES LTD	1,928,687	$1.853M	0.4%	$1.14	—	COM	00BD72JF7
NRIM	NORTHRIM BANCORP INC	43,549	$1.809M	0.4%	$5.53	+43.0%	COM	666762109
—	CREDICORP LTD	8,100	$1.807M	0.4%	$163.31	—	COM	g2519y108
—	CORE-MARK HOLDING CO INC	52,464	$1.782M	0.3%	$33.05	—	COM	218681104
WINA	WINMARK CORP	10,682	$1.773M	0.3%	$126.51	+20.4%	COM	974250102
ALEX	ALEXANDER & BALDWIN INC	77,496	$1.758M	0.3%	$30.02	—	COM	014491104
YTRA	YATRA ONLINE INC	304,116	$1.697M	0.3%	$8.69	-36.4%	COM	G98338109
—	EDITA FOOD INDUSTRIES REG S GD	312,952	$1.674M	0.3%	$5.25	—	COM	BVFZKG901
SAFT	SAFETY INS GROUP INC	18,590	$1.666M	0.3%	$68.56	+34.8%	COM	78648T100
LMB	LIMBACH HOLDINGS INC	140,005	$1.578M	0.3%	$12.91	-17.7%	COM	53263P105
IESC	IES HOLDINGS INC	80,715	$1.574M	0.3%	$17.87	+3.7%	COM	44951W106
—	KAP INDUSTRIAL HOLDINGS LTD	2,792,241	$1.523M	0.3%	$0.65	—	COM	00B95CZJ7
—	CHINA LESSO GROUP	2,643,516	$1.5M	0.3%	$0.68	—	COM	00bcdbkf8
NGS	NATURAL GAS SVCS GROUP INC	70,260	$1.482M	0.3%	$25.69	-15.0%	COM	63886Q109
—	ESTACIO PARTICIPACOES SA	236,525	$1.48M	0.3%	$6.26	—	COM	00B23PBF7
ASIX	ADVANSIX INC	42,240	$1.434M	0.3%	$26.02	+26.1%	COM	00773T101
—	SANLAM	246,417	$1.378M	0.3%	$5.53	—	COM	00b0l6750
UGP	ULTRAPAR PARTICPAC SPON ADR	143,300	$1.327M	0.3%	$19.92	—	COM	90400P101
—	WIZ SOLUCOES E CORRETAGEM DE	664,045	$1.297M	0.3%	$4.70	—	COM	00BF13KV3
—	SILOAM INTERNATIONAL HOSPITA	6,558,724	$1.285M	0.2%	$0.66	—	COM	00BDD1R10
—	BIDVEST GROUP LTD	93,688	$1.225M	0.2%	$14.37	—	COM	006100089
—	OBEROI REALTY LTD	218,014	$1.22M	0.2%	$6.29	—	COM	00B4MXNL6
HBB	HAMILTON BEACH BRANDS HOLDING	52,503	$1.152M	0.2%	$26.23	-20.2%	COM	40701T104
—	HASCOL PETROLEUM LTD	489,557	$1.074M	0.2%	$2.40	—	COM	00BMM1PK9
—	WEG SA	216,970	$1.073M	0.2%	$6.18	—	COM	002945422
—	ADVTECH LTD	941,431	$988K	0.2%	$1.34	—	COM	006085216
—	HYPERMARCAS SA	137,800	$984K	0.2%	$9.58	—	COM	00B2QY968
—	AVI LTD	130,000	$976K	0.2%	$7.27	—	COM	006040958
—	LOCALIZA RENT A CAR	169,956	$968K	0.2%	$5.70	—	COM	00B08K3S0
—	HUGEL INC	2,161	$833K	0.2%	$459.96	—	COM	00BZ1G175
CASH	META FINANCIAL GROUP INC	8,830	$730K	0.1%	$27.06	+6.5%	COM	59100U108
—	LUCKY CEMENT	92,094	$380K	0.1%	$5.21	—	COM	006537557
—	PT STEEL PIPE INDUSTRY	29,409,390	$144K	0.0%	$0.01	—	COM	00b8jcwt5
—	BANCO ABC BRASIL SA RCT	32,334	$112K	0.0%	$3.46	—	COM	00BDDR1Q1
—	GETBACK SA	2,021,212	$0	0.0%	$2.76	—	COM	00BDT88G7