Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNM	UNUMPROVIDENT CORP	605,851	$18.44M	3.7%	$27.85	+10.3%	COM	91529Y106
EG	EVEREST RE GROUP	109,619	$15.94M	3.2%	$99.45	+5.2%	COM	G3223R108
AIT	APPLIED INDL TECHNLGIES INC CO	285,444	$14.7M	2.9%	$36.74	+11.6%	COM	03820C105
NUE	NUCOR CORP	276,737	$13.57M	2.7%	$32.41	+6.6%	COM	670346105
GRC	GORMAN RUPP CO	335,744	$13.47M	2.7%	$23.21	+23.8%	COM	383082104
—	JONES GROUP INC COM	801,567	$12.03M	2.4%	$13.75	—	COM	48020T101
LNT	ALLIANT CORP COM	234,293	$11.61M	2.3%	$16.89	+1.5%	COM	018802108
—	ENERPLUS CORPORATION	685,593	$11.37M	2.3%	$14.79	—	COM	292766102
XOM	EXXON MOBIL CORPORATION	131,905	$11.35M	2.3%	$53.69	+0.9%	COM	30231G102
—	FOREST CITY ENTERPRISES CLASS	543,965	$10.3M	2.1%	$17.91	—	COM	345550107
HP	HELMERICH & PAYNE INC	147,645	$10.18M	2.0%	$61.57	+7.2%	COM	423452101
—	USA TRUCK INC COM	1,128,311	$10.11M	2.0%	$6.44	—	COM	902925106
—	MEADWESTVACO CORPORATION	260,776	$10.01M	2.0%	$34.11	—	COM	583334107
—	TUESDAY MORNING CORP COM NEW	622,798	$9.516M	1.9%	$10.37	—	COM	899035505
—	PENN WEST PETROLEUM LTD	835,938	$9.304M	1.9%	$10.58	—	COM	707887105
—	LYDALL INC COM	503,622	$8.647M	1.7%	$14.60	—	COM	550819106
—	ARGO GROUP INTL HLDGS LTD COM	188,078	$8.068M	1.6%	$42.39	—	COM	G0464B107
—	CASTLE A M & CO	481,241	$7.748M	1.5%	$15.76	—	COM	148411101
—	PENGROWTH ENERGY CORPORATION	1,306,627	$7.735M	1.5%	$4.93	—	COM	70706P104
—	URSTADT BIDDLE PPTYS INC CL A	378,167	$7.518M	1.5%	$20.17	—	COM	917286205
—	FUEL SYS SOLUTIONS INC COM	376,320	$7.398M	1.5%	$17.89	—	COM	35952W103
CALY	CALLAWAY GOLF CO COM	1,007,842	$7.176M	1.4%	$6.48	+6.3%	COM	131193104
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	25,000	$6.743M	1.3%	$246.69	+3.3%	WARRANT AND RIGH	H69293217
MKL	MARKEL CORP COM	12,586	$6.517M	1.3%	$523.59	+0.3%	COM	570535104
PTEN	PATTERSON-UTI ENERGY INC COM	295,786	$6.324M	1.3%	$21.83	-5.9%	COM	703481101
BA	BOEING CO	51,100	$6.004M	1.2%	$80.37	+13.9%	COM	097023105
WSO	WATSCO INC	63,650	$6M	1.2%	$84.42	+8.4%	COM	942622200
—	SANTONIA ENERGY INC COM	2,802,240	$5.96M	1.2%	$1.54	—	COM	803007103
SCL	STEPAN CHEMICAL CO	102,666	$5.927M	1.2%	$56.48	+2.5%	COM	858586100
—	VECTREN CORP COM	158,674	$5.292M	1.1%	$33.83	—	COM	92240G101
UPS	UNITED PARCEL SVC INC CL B	57,490	$5.253M	1.0%	$55.38	+3.1%	COM	911312106
—	FIBRIA CELULOSE S.A. SP ADR	447,420	$5.154M	1.0%	$11.09	—	COM	31573A109
TKOMY	TOKIO MARINE HOLDINGS INC	157,195	$5.134M	1.0%	$31.66	—	COM	889094108
ATO	ATMOS ENERGY CORP COM	118,450	$5.045M	1.0%	$31.05	-0.1%	COM	049560105
—	CIMAREX ENERGY CO COM	52,258	$5.038M	1.0%	$64.99	—	COM	171798101
PEP	PEPSICO INC	62,350	$4.957M	1.0%	$56.00	+1.4%	COM	713448108
JNJ	JOHNSON & JOHNSON COM	55,754	$4.833M	1.0%	$59.66	+6.5%	COM	478160104
—	PHOENIX COMPANIES INC COM NEW	123,414	$4.772M	0.9%	$43.00	—	COM	71902E604
CSWC	CAPITAL SOUTHWEST CORP COM	137,956	$4.719M	0.9%	$4.41	+2.4%	COM	140501107
INGR	INGREDION INC COM	71,300	$4.718M	0.9%	$70.28	-7.1%	COM	457187102
662	ASIA FINANCIAL HOLDINGS LTD SH	10,866,415	$4.652M	0.9%	$0.45	—	COM	G0532X107
MRK	MERCK & COMPANY	96,534	$4.596M	0.9%	$30.02	+3.2%	COM	58933Y105
AMWD	AMERICAN WOODMARK CORP COM	132,101	$4.577M	0.9%	$34.15	+4.8%	COM	030506109
WSM	WILLIAMS SONOMA INC COM	80,900	$4.547M	0.9%	$20.11	+8.1%	COM	969904101
—	TEXTAINER GROUP HOLDINGS LTDSH	119,626	$4.53M	0.9%	$38.44	—	COM	G8766E109
MFC	MANULIFE FINL CORP COM	266,200	$4.408M	0.9%	$15.16	+12.6%	COM	56501R106
—	COLONIAL FINANCIAL SERVICES	315,449	$4.259M	0.8%	$13.50	—	COM	19566B101
—	HOLMEN AB SHS B	132,017	$4.252M	0.8%	$26.74	—	COM	W4200N112
SIG	SIGNET JEWELERS LIMITED SHS	57,550	$4.123M	0.8%	$54.92	+4.1%	COM	G81276100
—	PHOENIX COS INC NEW QUIBS 2032	177,559	$4.11M	0.8%	$23.96	—	PREFERRED STOCKS	71902E208
KIM	KIMCO RLTY CORP COM	197,802	$3.992M	0.8%	$12.61	-5.9%	COM	49446R109
MUR	MURPHY OIL CORP COM	65,900	$3.975M	0.8%	$34.54	+9.2%	COM	626717102
ALG	ALAMO GROUP INC COM	79,372	$3.882M	0.8%	$38.15	+10.5%	COM	011311107
ORN	ORION MARINE GROUP INC COM	371,978	$3.872M	0.8%	$10.70	+3.2%	COM	68628V308
FEIM	FREQUENCY ELECTRS INC COM	330,409	$3.859M	0.8%	$7.91	+8.8%	COM	358010106
—	MAGAL SECURITY SYS LTD ORD	1,081,758	$3.755M	0.7%	$3.61	—	COM	M6786D104
—	SCHULMAN A INC COM	126,571	$3.729M	0.7%	$26.82	—	COM	808194104
—	INVESTORS REAL ESTATE TR SH BE	442,815	$3.653M	0.7%	$8.60	—	COM	461730103
THG	HANOVER INS GROUP INC COM	65,675	$3.633M	0.7%	$34.64	+9.0%	COM	410867105
—	EMC INS GROUP INC	115,132	$3.474M	0.7%	$26.26	—	COM	268664109
—	KIMBALL INTL INC CL B	301,412	$3.343M	0.7%	$9.71	—	COM	494274103
—	CLIFTON SVGS BANCORP INC COM	265,869	$3.294M	0.7%	$11.85	—	COM	18712Q103
BGOUF	BANG & OLUFSEN HLG ORD B	314,504	$3.224M	0.6%	$5.45	-11.6%	COM	K07774126
—	DAWSON GEOPHYSICAL CO COM	96,519	$3.134M	0.6%	$36.86	—	COM	239359102
—	ENERGY TRANSFER PRTNRS L P UNI	58,558	$3.049M	0.6%	$50.53	—	COM	29273R109
—	NAUGATUCK VY FINL CORP	369,318	$2.825M	0.6%	$7.35	—	COM	63906P107
WST	WEST PHARMACEUTICAL SVCS INCCO	65,946	$2.714M	0.5%	$33.09	+8.6%	COM	955306105
—	CHUBU NIPPON BROADCAST CO LTSH	428,137	$2.515M	0.5%	$5.73	—	COM	J06594105
MSADF	MS&AD INS GP HLDG (8725-JP)	92,124	$2.403M	0.5%	$8.21	+8.0%	COM	J4687C105
—	GASFRAC ENERGY SVCS INC COM	1,495,700	$2.266M	0.5%	$1.90	—	COM	367257201
ELME	WASHINGTON REAL ESTATE INVT SH	89,600	$2.264M	0.5%	$26.91	—	COM	939653101
—	EKORNES ASA ORD	118,633	$2.012M	0.4%	$15.94	—	COM	R20126109
—	FOREST CITY ENTERPRISES INC SR	78,612	$1.994M	0.4%	$25.69	—	COM	345550404
—	NEW YORK & CO INC COM	311,731	$1.802M	0.4%	$6.35	—	COM	649295102
—	WASHINGTONFIRST BANKSHARES ICO	133,994	$1.742M	0.3%	$11.30	—	COM	940730104
—	CHUBB CORP	19,400	$1.732M	0.3%	$84.64	—	COM	171232101
KIDBQ	KID BRANDS, INC. COM	1,174,656	$1.727M	0.3%	$1.44	+2.8%	COM	49375T100
—	ROYAL DUTCH SHELL PLC SPONS AD	25,314	$1.663M	0.3%	$63.80	—	COM	780259206
—	HESKA CORP COM RESTRC NEW	282,448	$1.638M	0.3%	$6.01	—	COM	42805E306
—	MFS GOVT MKTS INCOME TR SH BEN	285,064	$1.616M	0.3%	$5.97	—	MUTUAL FUNDS	552939100
—	AEGON N V NY REGISTRY SH	198,357	$1.468M	0.3%	$6.76	—	COM	007924103
—	HMN FINL INC COM	185,467	$1.465M	0.3%	$7.11	—	COM	40424G108
—	EXPRESS SCRIPTS HOLDING COMPAN	23,631	$1.46M	0.3%	$61.74	—	COM	30219G108
—	CONSOLIDATED TOMOKA LD CO COM	37,834	$1.456M	0.3%	$38.17	—	COM	210226106
—	CFS BANCORP INC COM	131,471	$1.456M	0.3%	$10.72	—	COM	12525D102
—	MFS INTERMARKET INCOME TR I SH	179,851	$1.439M	0.3%	$8.14	—	COM	59318R103
ALOT	ASTRO-MED INC NEW COM	123,436	$1.353M	0.3%	$9.12	+10.3%	COM	04638F108
—	LUBYS CAFETERIAS INC COM	183,959	$1.321M	0.3%	$8.45	—	COM	549282101
—	PEOPLES UNITED FINANCIAL INCCO	89,541	$1.288M	0.3%	$14.90	—	COM	712704105
KO	COCA COLA CO COM	33,666	$1.275M	0.3%	$27.85	-3.9%	COM	191216100
—	SI FINANCIAL GROUP INC	111,908	$1.27M	0.3%	$11.05	—	COM	78425V104
OXM	OXFORD INDS INC COM	18,061	$1.228M	0.2%	$60.84	+8.6%	COM	691497309
—	GLOBAL TECH ADVANCED INNOVATIO	189,855	$1.188M	0.2%	$8.32	—	COM	G39320117
BMY	BRISTOL MYERS SQUIBB CO	24,273	$1.123M	0.2%	$28.67	+1.9%	COM	110122108
AEGON 6.875 PERP	AEGON N V PFD PER 6.875%	43,958	$1.066M	0.2%	$24.92	—	PREFERRED STOCKS	N00927306
WRB	BERKLEY W R CORP COM	24,322	$1.042M	0.2%	$9.58	-0.1%	COM	084423102
MET	METLIFE INC COM	20,000	$939K	0.2%	$24.43	+17.9%	COM	59156R108
—	CURRENCYSHARES EURO TRUST	6,900	$924K	0.2%	$128.99	—	COM	23130C108
HGTXU	HUGOTON RTY TR TEX UNIT BEN IN	118,000	$881K	0.2%	$8.62	—	COM	444717102
—	STATE AUTO FINL CORP	37,100	$777K	0.2%	$18.18	—	COM	855707105
—	WEST MARINE INC COM	63,499	$770K	0.2%	$10.99	—	COM	954235107
—	CORTS TR II PROVIDENT FING TCO	26,326	$750K	0.1%	$28.46	—	PREFERRED STOCKS	22081B200
—	AEGON N V SUB NT 8%42	26,300	$719K	0.1%	$27.79	—	PREFERRED STOCKS	007924608
ACCO	ACCO BRANDS CORP COM	107,493	$713K	0.1%	$4.71	+1.5%	COM	00081T108
GD	GENERAL DYNAMICS CORP COM	8,000	$700K	0.1%	$56.44	+15.0%	COM	369550108
VWDRY	VESTAS WIND SYS AS UNSP ADR	76,200	$641K	0.1%	$4.73	—	COM	925458101
—	HESS CORP COM	8,070	$624K	0.1%	$66.54	—	COM	42809H107
—	VIASYSTEMS GROUP INC COM	41,618	$601K	0.1%	$11.53	—	COM	92553H803
—	GENERAL ELEC CO	25,096	$600K	0.1%	$23.19	—	COM	369604103
INN	SUMMIT HOTEL PPTYS INC COM	64,149	$590K	0.1%	$9.45	—	COM	866082100
—	ORYX INTERNATIONAL GROWTH FUND	95,000	$538K	0.1%	$4.48	—	COM	G6775Y108
FRD	FRIEDMAN INDS INC	46,545	$465K	0.1%	$8.37	+3.2%	COM	358435105
WMT	WAL MART STORES INC	5,984	$443K	0.1%	$19.98	-1.0%	COM	931142103
PFE	PFIZER INC COM	14,892	$428K	0.1%	$16.46	-0.6%	COM	717081103
—	FOREST CITY ENTERPRISES CLASS	22,300	$422K	0.1%	$17.80	—	COM	345550305
MUSA	MURPHY USA INC COM	10,249	$414K	0.1%	$38.02	0.0%	COM	626755102
KEWL	KEWEENAW LD ASSN LTD COM	4,403	$396K	0.1%	$10.65	+15.3%	COM	493026108
MSFT	MICROSOFT CORP COM	11,575	$385K	0.1%	$26.70	+1.1%	COM	594918104
GVDBF	GIVAUDAN AG GDR	257	$375K	0.1%	$1258.33	+10.6%	COM	H3238Q102
—	ROYCE OTC MICRO-CAP FD INC COM	31,893	$373K	0.1%	$10.82	—	COM	780915104
DVN	DEVON ENERGY CORP NEW COM	6,437	$372K	0.1%	$37.00	+3.0%	COM	25179M103
—	HAMPDEN BANCORP INC COM	21,702	$347K	0.1%	$14.91	—	COM	40867E107
COP	CONOCOPHILLIPS COM	3,822	$266K	0.1%	$39.96	+11.3%	COM	20825C104
—	NORTH VALLEY BANCORP COM NEW	13,180	$249K	0.0%	$16.52	—	COM	66304M204
GTY	GETTY RLTY CORP NEW COM	12,804	$249K	0.0%	$20.62	—	COM	374297109
MUEL	MUELLER PAUL CO	8,634	$246K	0.0%	$19.14	+23.6%	COM	624752101
—	BCSB BANCORP INC COM	10,039	$245K	0.0%	$23.40	—	COM	055367106
PRMRF	PARAMOUNT RES LTD CL A	6,603	$238K	0.0%	$15.31	-8.1%	COM	699320206
—	ASPEN INSURANCE HOLDINGS LTDSH	6,500	$236K	0.0%	$37.08	—	COM	G05384105
—	WESTERN ASSET CLYM INFL OPP CO	20,287	$235K	0.0%	$11.75	—	COM	95766R104
—	NKSJ HOLDINGS INC SHS ISIN #JP	8,479	$218K	0.0%	$23.82	—	COM	J58699109
—	ORION ENERGY SYSTEMS INC COM	45,110	$170K	0.0%	$2.48	—	COM	686275108
—	BLACKROCK MUNI N Y INTER DURCO	11,300	$153K	0.0%	$13.54	—	MUTUAL FUNDS	09255F109
—	BRUNSWICK BANCORP INC COM	30,816	$143K	0.0%	$4.97	—	COM	117030106
—	BROADWAY FINL CORP DEL COM	52,066	$63,000	0.0%	$0.73	—	COM	111444105
—	ABERDEEN ASSET MGMT PLC UK ORD	10,250	$63,000	0.0%	$5.85	—	COM	G00434111
—	AMR CORP DEL COM	11,200	$46,000	0.0%	$4.02	—	COM	001765106
—	TETHYS PETROLEUM LIMITED USD O	30,000	$20,000	0.0%	$0.77	—	COM	G87636109
—	BOART LONGYEAR LTD SYDNEY NSSH	17,250	$7,000	0.0%	$0.64	—	COM	Q1645L104
—	WELLS FARGO & CO PFD FRAC ACAT	97,400	$0	0.0%	—	—	PREFERRED STOCKS	KEK746889
—	MCLEODUSA INC CL A	41,990	$0	0.0%	—	—	COM	582266706
—	FAIRFAX FINL HLDGS LTD CONINGE	41,000	$0	0.0%	—	—	WARRANT AND RIGH	303901110
LECH 5 09/27/01	LECHTERS INC 20010927	385,000	$0	0.0%	—	—	CONVERTIBLE BOND	U52323AA7