Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	Taiwan Semiconductor Manufacturi	3,855,758	$66.28M	4.7%	$17.19	—	COMMON	874039100
—	CORE LABORATORIES N.V.	424,534	$58.55M	4.2%	$137.92	—	COMMON	N22717107
—	COCA-COLA ENTERPRISES	1,565,197	$57.79M	4.1%	$36.92	—	COMMON	19122T109
—	ACE LTD	605,367	$53.86M	3.9%	$88.97	—	COMMON	H0023R105
CNI	CANADIAN NATIONAL RAILWAY	481,174	$48.26M	3.5%	$38.67	0.0%	COMMON	136375102
—	COVIDIEN LTD	702,112	$47.63M	3.4%	$67.84	—	COMMON	G2554F113
—	POTASH CORP OF SASKATCHEWAN	1,194,559	$46.89M	3.4%	$39.25	—	COMMON	73755L107
ARCO	ARCOS DORADOS HOLDINGS INC	3,441,602	$45.43M	3.3%	$10.93	0.0%	COMMON	G0457F107
—	ARM HOLDINGS ADR	992,453	$42.05M	3.0%	$42.37	—	COMMON	042068106
—	BRF SA - ADR	1,846,441	$40.83M	2.9%	$22.11	—	COMMON	10552T107
—	LAZARD LTD-CL A	1,176,057	$40.14M	2.9%	$34.13	—	COMMON	G54050102
ASML	ASML HOLDING ADR	558,427	$37.97M	2.7%	$67.99	—	COMMON	N07059210
NVO	NOVO-NORDISK A/S-SPONS ADR	216,025	$34.89M	2.5%	$161.50	—	COMMON	670100205
—	WESTERN REFINING	659,247	$23.34M	1.7%	$35.41	—	COMMON	959319104
SGSOY	SGS SA - ADR	944,466	$23.22M	1.7%	$24.59	—	COMMON	818800104
NSRGY	NESTLE SA - SPONS ADR FOR REG	300,994	$21.81M	1.6%	$72.47	—	COMMON	641069406
LRLCY	L`OREAL - UNSPONS ADR	635,819	$20.12M	1.4%	$31.65	—	COMMON	502117203
NVZMY	NOVOZYMES A/S - ADR	569,220	$19.32M	1.4%	$33.95	—	COMMON	670108109
—	HORNBECK OFFSHORE SERVICES	415,934	$19.32M	1.4%	$46.46	—	COMMON	440543106
—	WELLCARE HEALTH PLANS INC	311,010	$18.03M	1.3%	$57.96	—	COMMON	94946T106
SNA	SNAP-ON INC	197,246	$16.31M	1.2%	$60.64	0.0%	COMMON	833034101
—	CBL & ASSOCIATES PROPERTIES	681,280	$16.08M	1.2%	$23.60	—	COMMON	124830100
CGNX	COGNEX CORP	370,453	$15.62M	1.1%	$9.31	0.0%	COMMON	192422103
CNO	CNO FINANCIAL GROUP INC	1,319,403	$15.11M	1.1%	$8.26	0.0%	COMMON	12621E103
WMMVY	WALMART DE MEXICO-SPON ADR V	449,961	$14.74M	1.1%	$32.75	—	COMMON	93114W107
FANUY	FANUC CORPORATION	558,234	$14.35M	1.0%	$25.71	—	COMMON	307305102
EWBC	EAST WEST BANCORP	549,685	$14.11M	1.0%	$18.08	0.0%	COMMON	27579R104
RRX	REGAL-BELOIT	170,349	$13.89M	1.0%	$77.50	0.0%	COMMON	758750103
EAT	BRINKER INTERNATIONAL INC	359,808	$13.55M	1.0%	$27.33	0.0%	COMMON	109641100
—	BLUCORA INC	850,282	$13.16M	0.9%	$15.48	—	COMMON	095229100
CVBF	CVB FINANCIAL	1,075,537	$12.12M	0.9%	$7.15	0.0%	COMMON	126600105
—	SVENSKA CELLULOSA AB-SP ADR	467,719	$12.11M	0.9%	$25.88	—	COMMON	869587402
—	CORPORATE EXECUTIVE BOARD CO	202,839	$11.8M	0.8%	$58.16	—	COMMON	21988R102
—	VIROPHARMA INC	461,890	$11.62M	0.8%	$25.16	—	COMMON	928241108
GPI	GROUP 1 AUTOMOTIVE INC	190,675	$11.45M	0.8%	$63.40	0.0%	COMMON	398905109
—	MONTPELIER RE HOLDINGS LTD	431,585	$11.24M	0.8%	$26.05	—	COMMON	G62185106
GATX	GATX CORP	215,045	$11.18M	0.8%	$35.96	0.0%	COMMON	361448103
—	LACLEDE GROUP INC	251,538	$10.74M	0.8%	$42.70	—	COMMON	505597104
—	CABELA`S INC	170,786	$10.38M	0.7%	$60.78	—	COMMON	126804301
SSMXY	SYSMEX CORP UNSPON ADR	335,152	$10.25M	0.7%	$30.59	—	COMMON	87184P109
LVMUY	LVMH MOET HENNESSY-UNSP ADR	297,189	$10.18M	0.7%	$34.26	—	COMMON	502441306
WERN	WERNER ENTERPRISES	415,032	$10.02M	0.7%	$23.41	0.0%	COMMON	950755108
—	SHOPRITE HOLDINGS	251,320	$9.965M	0.7%	$39.65	—	COMMON	82510E100
AMSF	AMERISAFE	280,025	$9.952M	0.7%	$12.61	0.0%	COMMON	03071H100
PRA	PROASSURANCE CORP	209,202	$9.902M	0.7%	$45.77	0.0%	COMMON	74267C106
MTH	MERITAGE HOMES CORP	203,367	$9.53M	0.7%	$21.32	0.0%	COMMON	59001A102
ANDE	THE ANDERSONS INC	175,604	$9.398M	0.7%	$24.94	0.0%	COMMON	034164103
DEI	DOUGLAS EMMETT	370,398	$9.234M	0.7%	$24.93	—	COMMON	25960P109
LNN	LINDSAY CORPORATION	99,725	$8.794M	0.6%	$76.54	0.0%	COMMON	535555106
HELE	HELEN OF TROY LTD	225,988	$8.669M	0.6%	$36.36	0.0%	COMMON	G4388N106
—	BBCN BANCORP	652,815	$8.526M	0.6%	$13.06	—	COMMON	073295107
TCEHY	TENCENT HOLDINGS LTD-UNS ADR	259,632	$8.295M	0.6%	$31.95	—	COMMON	88032Q109
—	SUSQUEHANNA BANCSHARES	657,015	$8.167M	0.6%	$12.43	—	COMMON	869099101
GNW	GENWORTH FINANCIAL	789,553	$7.896M	0.6%	$9.18	0.0%	COMMON	37247D106
—	SHFL ENTERTAINMENT	474,940	$7.87M	0.6%	$16.57	—	COMMON	78423R105
WWNTY	WANT WANT CHINA - UNSPON ADR	99,898	$7.716M	0.6%	$77.24	—	COMMON	93370R107
EGY	VAALCO ENERGY	1,015,855	$7.71M	0.6%	$6.89	0.0%	COMMON	91851C201
RWT	REDWOOD TRUST	330,705	$7.666M	0.5%	$23.18	—	COMMON	758075402
SAIA	SAIA	204,075	$7.381M	0.5%	$19.24	0.0%	COMMON	78709Y105
AVA	AVISTA CORP	266,836	$7.311M	0.5%	$15.28	0.0%	COMMON	05379B107
—	FOOT LOCKER INC	211,908	$7.256M	0.5%	$34.24	—	COMMON	344849104
TITN	TITAN MACHINERY	260,015	$7.221M	0.5%	$28.49	0.0%	COMMON	88830R101
—	TUESDAY MORNING	916,146	$7.109M	0.5%	$7.76	—	COMMON	899035505
JRONY	JERONIMO MARTINS SGPS SA - ADR	181,613	$7.108M	0.5%	$39.14	—	COMMON	476493101
GBCI	GLACIER BANCORP	368,152	$6.988M	0.5%	$10.98	0.0%	COMMON	37637Q105
CALM	CAL MAINE FOODS	159,139	$6.773M	0.5%	$14.26	0.0%	COMMON	128030202
—	COTT CORPORATION	661,432	$6.694M	0.5%	$10.12	—	COMMON	22163N106
—	CUBIC CORP	155,120	$6.627M	0.5%	$42.72	—	COMMON	229669106
—	AMERICAN CAPITAL	453,505	$6.619M	0.5%	$14.60	—	COMMON	02503Y103
NSIT	INSIGHT ENTERPRISES	320,774	$6.614M	0.5%	$19.79	0.0%	COMMON	45765U103
SAFT	SAFETY INSURANCE GROUP INC	134,232	$6.599M	0.5%	$47.77	0.0%	COMMON	78648T100
IDEXY	INDITEX-UNSPON ADR	243,130	$6.452M	0.5%	$26.54	—	COMMON	455793109
KHNGY	KUEHNE & NAGEL INTERNATIONAL AG	283,069	$6.202M	0.4%	$21.91	—	COMMON	501187108
SHWGY	SHANDONG WEIGAO GP ADR	1,505,005	$5.508M	0.4%	$3.66	—	COMMON	81941W101
BPOP	POPULAR INC	194,865	$5.378M	0.4%	$19.87	0.0%	COMMON	733174700
—	BARNES GROUP	183,205	$5.3M	0.4%	$28.93	—	COMMON	067806109
MOG/A	MOOG INC-CLASS A	115,271	$5.283M	0.4%	$41.47	0.0%	COMMON	615394202
AZTA	BROOKS AUTOMATION	517,202	$5.265M	0.4%	$8.02	0.0%	COMMON	114340102
POR	PORTLAND GENERAL ELECTRIC	169,800	$5.15M	0.4%	$18.13	0.0%	COMMON	736508847
—	HI-TECH PHARM	150,987	$4.999M	0.4%	$33.11	—	COMMON	42840B101
—	NEWPORT CORP	289,920	$4.905M	0.4%	$16.92	—	COMMON	651824104
SXT	SENSIENT TECHNOLOGIES	119,495	$4.671M	0.3%	$37.62	0.0%	COMMON	81725T100
—	CELESTICA	567,833	$4.594M	0.3%	$8.09	—	COMMON	15101Q108
OLN	OLIN CORP	178,590	$4.504M	0.3%	$15.92	0.0%	COMMON	680665205
KAI	KADANT INC	171,660	$4.292M	0.3%	$23.29	0.0%	COMMON	48282T104
—	GLOBAL INDEMNITY PLC	182,586	$4.236M	0.3%	$23.20	—	COMMON	G39319101
—	MCCLATCHY COMPANY (THE)	1,087,215	$3.153M	0.2%	$2.90	—	COMMON	579489105
AMZN	AMAZON.COM INC	11,285	$3.007M	0.2%	$13.30	0.0%	COMMON	023135106
AAPL	APPLE INC	5,401	$2.391M	0.2%	$14.15	0.0%	COMMON	037833100
—	MONSANTO CO	18,697	$1.975M	0.1%	$105.63	—	COMMON	61166W101
YUM	YUM! BRANDS INC	26,571	$1.912M	0.1%	$37.40	0.0%	COMMON	988498101
—	NATIONAL OILWELL VARCO INC	25,408	$1.798M	0.1%	$70.77	—	COMMON	637071101
RAIL	FREIGHTCAR AMERICA	73,484	$1.603M	0.1%	$23.03	0.0%	COMMON	357023100
—	CELGENE CORP	12,907	$1.496M	0.1%	$115.91	—	COMMON	151020104
—	THE DOLAN COMPANY	519,480	$1.242M	0.1%	$2.39	—	COMMON	25659P402
—	IMMUNOMEDICS	488,550	$1.177M	0.1%	$2.41	—	COMMON	452907108
MMM	3M COMPANY	10,952	$1.164M	0.1%	$57.18	0.0%	COMMON	88579Y101
AMT	AMERICAN TOWER REIT (HLDG CO) SH	14,891	$1.145M	0.1%	$57.28	0.0%	COMMON	03027X100
EBAY	EBAY INC	20,832	$1.13M	0.1%	$20.27	0.0%	COMMON	278642103
PFE	PFIZER INC	39,023	$1.126M	0.1%	$15.34	0.0%	COMMON	717081103
MELI	MERCADOLIBRE INC	10,447	$1.009M	0.1%	$86.20	0.0%	COMMON	58733R102
CVX	CHEVRON	8,446	$1.004M	0.1%	$67.90	0.0%	COMMON	166764100
PM	PHILIP MORRIS INTL	10,604	$983K	0.1%	$47.83	0.0%	COMMON	718172109
—	EMC CORPORATION	40,343	$964K	0.1%	$23.90	—	COMMON	268648102
PSMT	PRICESMART INC	12,059	$939K	0.1%	$65.89	0.0%	COMMON	741511109
TSGTY	TSINGTAO BREWERY-SPONS ADR	14,570	$925K	0.1%	$63.49	—	COMMON	898529102
NKE	NIKE INC B	15,638	$923K	0.1%	$23.15	0.0%	COMMON	654106103
—	PERRIGO CO	7,199	$855K	0.1%	$118.77	—	COMMON	714290103
—	GENERAL ELECTRIC COMPANY	31,754	$734K	0.1%	$23.12	—	COMMON	369604103
XOM	EXXON MOBIL CORPORATION	8,140	$733K	0.1%	$52.97	0.0%	COMMON	30231G102
HD	HOME DEPOT INC	9,750	$680K	0.0%	$49.83	0.0%	COMMON	437076102
—	TD AMERITRADE HOLDINGS	28,289	$583K	0.0%	$20.61	—	COMMON	87236Y108
JNJ	JOHNSON & JOHNSON	6,410	$523K	0.0%	$52.80	0.0%	COMMON	478160104
PG	PROCTER & GAMBLE CO	6,732	$519K	0.0%	$51.91	0.0%	COMMON	742718109
BRK/B	BERKSHIRE HATHAWAY INC CL B	4,975	$518K	0.0%	$99.00	0.0%	COMMON	084670702
—	AON CORPORATION	7,521	$463K	0.0%	$61.56	—	COMMON	G0408V102
COST	COSTCO WHOLESALE CORP	3,940	$418K	0.0%	$80.79	0.0%	COMMON	22160K105
KO	COCA-COLA COMPANY	10,120	$409K	0.0%	$25.52	0.0%	COMMON	191216100
—	MEDCATH CORP	285,154	$408K	0.0%	$1.43	—	COMMON	58404W109
DIS	DISNEY (WALT)	6,778	$385K	0.0%	$48.38	0.0%	COMMON	254687106
EMR	EMERSON ELECTRIC COMPANY	6,321	$353K	0.0%	$39.99	0.0%	COMMON	291011104
MCD	MCDONALD`S CORP	3,506	$349K	0.0%	$67.64	0.0%	COMMON	580135101
GIS	GENERAL MILLS	7,043	$347K	0.0%	$28.50	0.0%	COMMON	370334104
WFC	WELLS FARGO & COMPANY	9,186	$340K	0.0%	$24.86	0.0%	COMMON	949746101
INTC	INTEL CORP	15,393	$336K	0.0%	$15.32	0.0%	COMMON	458140100
PEP	PEPSICO INC	4,188	$331K	0.0%	$50.48	0.0%	COMMON	713448108
SYY	SYSCO CORP	9,304	$327K	0.0%	$22.81	0.0%	COMMON	871829107
BMY	BRISTOL-MYERS SQUIBB CO	7,809	$322K	0.0%	$24.03	0.0%	COMMON	110122108
SCHW	SCHWAB (CHARLES) CORP	15,915	$282K	0.0%	$14.23	0.0%	COMMON	808513105
PAYX	PAYCHEX INC	7,649	$268K	0.0%	$22.52	0.0%	COMMON	704326107
ADP	AUTOMATIC DATA PROCESSING	3,741	$243K	0.0%	$40.41	0.0%	COMMON	053015103
—	SYNTEL INC	3,489	$236K	0.0%	$67.64	—	COMMON	87162H103
CL	COLGATE-PALMOLIVE COMPANY	1,977	$233K	0.0%	$41.36	0.0%	COMMON	194162103
—	SAUER-DANFOSS	3,800	$222K	0.0%	$58.42	—	COMMON	804137107
—	SPECTRA ENERGY CORP	7,145	$220K	0.0%	$30.79	—	COMMON	847560109
—	DISH NETWORK	5,650	$214K	0.0%	$37.88	—	COMMON	25470M109
TV	GRUPO TELEVISA SA	7,903	$210K	0.0%	$26.57	—	COMMON	40049J206
—	MTS SYSTEMS CORP	3,615	$210K	0.0%	$58.09	—	COMMON	553777103
RES	RPC INC	13,862	$210K	0.0%	$12.54	0.0%	COMMON	749660106
—	VALASSIS COMM	6,882	$206K	0.0%	$29.93	—	COMMON	918866104
SBUX	STARBUCKS CORP	3,550	$202K	0.0%	$21.83	0.0%	COMMON	855244109