Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR-SP ADR	5,188,744	$95.02M	5.1%	$17.48	—	COMMON	874039100
—	ACE LTD	822,281	$73.88M	4.0%	$89.20	—	COMMON	H0023R105
—	CORE LABORATORIES N.V.	438,525	$66.83M	3.6%	$138.38	—	COMMON	N22717107
CNI	CANADIAN NATL RAILWAY CO	672,898	$65.58M	3.5%	$38.88	+1.4%	COMMON	136375102
ASML	ASML HOLDING ADR	776,615	$62.08M	3.3%	$71.35	—	COMMON	N07059210
—	POTASH CORP OF SASKATCHEWAN	1,616,714	$61.89M	3.3%	$39.00	—	COMMON	73755L107
—	COVIDIEN LTD	949,037	$58.9M	3.2%	$66.34	—	COMMON	G2554F113
—	COCA-COLA ENTERPRISES	1,622,476	$57.26M	3.1%	$36.86	—	COMMON	19122T109
—	BRF SA - ADR	2,504,214	$54.13M	2.9%	$21.98	—	COMMON	10552T107
ARCO	ARCOS DORADOS HOLDINGS INC	4,615,969	$53.87M	2.9%	$10.94	+0.0%	COMMON	G0457F107
—	SENSATA TECHNOLOGIES HOLDING	1,478,199	$51.87M	2.8%	$35.09	—	COMMON	N7902X106
—	LAZARD LTD-CL A	1,606,135	$51.67M	2.8%	$33.60	—	COMMON	G54050102
NVO	NOVO-NORDISK A/S-SPONS ADR	300,507	$46.92M	2.5%	$159.99	—	COMMON	670100205
MELI	MERCADOLIBRE INC	341,175	$36.87M	2.0%	$105.25	+0.6%	COMMON	58733R102
—	ARM HOLDINGS ADR	974,870	$35.65M	1.9%	$42.37	—	COMMON	042068106
—	SGS SA	16,224	$34.84M	1.9%	$2147.19	—	COMMON	004824778
SGSOY	SGS SA - ADR	1,564,520	$33.93M	1.8%	$23.44	—	COMMON	818800104
—	NESTLE SA	507,181	$33.25M	1.8%	$65.56	—	COMMON	007123870
NSRGY	NESTLE SA - SPONS ADR FOR REG	493,699	$32.43M	1.7%	$69.83	—	COMMON	641069406
TCEHY	TENCENT HOLDINGS LTD-UNS ADR	627,151	$24.5M	1.3%	$36.12	—	COMMON	88032Q109
NVZMY	NOVOZYMES A/S - ADR	717,862	$23.24M	1.3%	$33.62	—	COMMON	670108109
FANUY	FANUC CORPORATION	948,429	$23.05M	1.2%	$25.13	—	COMMON	307305102
—	HORNBECK OFFSHORE SERVICES	414,505	$22.21M	1.2%	$46.46	—	COMMON	440543106
—	SVENSKA CELLULOSA AB-SP ADR	867,442	$22.11M	1.2%	$25.70	—	COMMON	869587402
WMMVY	WALMART DE MEXICO-SPON ADR V	743,150	$20.79M	1.1%	$30.86	—	COMMON	93114W107
LRLCY	L`OREAL - UNSPONS ADR	596,340	$19.66M	1.1%	$31.65	—	COMMON	502117203
—	WESTERN REFINING	654,915	$18.36M	1.0%	$35.41	—	COMMON	959319104
—	VIROPHARMA INC	633,691	$18.17M	1.0%	$26.11	—	COMMON	928241108
—	WELLCARE HEALTH PLANS INC	312,151	$17.36M	0.9%	$57.96	—	COMMON	94946T106
—	SHOPRITE HOLDINGS	466,158	$17.24M	0.9%	$38.42	—	COMMON	82510E100
CNO	CNO FINANCIAL GROUP INC	1,298,115	$16.87M	0.9%	$8.26	+11.6%	COMMON	12621E103
LVMUY	LVMH MOET HENNESSY-UNSP ADR	508,305	$16.78M	0.9%	$33.74	—	COMMON	502441306
CGNX	COGNEX CORP	367,744	$16.68M	0.9%	$9.31	+4.9%	COMMON	192422103
SSMXY	SYSMEX CORP UNSPON ADR	509,865	$16.59M	0.9%	$31.26	—	COMMON	87184P109
—	BLUCORA INC	842,427	$15.65M	0.8%	$15.48	—	COMMON	095229100
RWT	REDWOOD TRUST	894,476	$15.21M	0.8%	$19.29	—	COMMON	758075402
EWBC	EAST WEST BANCORP	549,071	$15.12M	0.8%	$18.08	+5.9%	COMMON	27579R104
—	BBCN BANCORP	1,053,591	$15.02M	0.8%	$13.52	—	COMMON	073295107
ASOMY	ASOS PLC - UNSPONSORED ADR	233,032	$14.61M	0.8%	$62.70	—	COMMON	00212V105
EAT	BRINKER INTERNATIONAL INC	359,687	$14.2M	0.8%	$27.33	+17.4%	COMMON	109641100
JRONY	JERONIMO MARTINS SGPS SA - ADR	336,068	$14.01M	0.8%	$40.31	—	COMMON	476493101
—	CBL & ASSOCIATES PROPERTIES	650,902	$13.94M	0.8%	$23.60	—	COMMON	124830100
—	CORPORATE EXECUTIVE BOARD CO	202,751	$12.83M	0.7%	$58.16	—	COMMON	21988R102
CVBF	CVB FINANCIAL	1,073,399	$12.64M	0.7%	$7.15	+2.0%	COMMON	126600105
—	BARNES GROUP	408,147	$12.27M	0.7%	$29.55	—	COMMON	067806109
GPI	GROUP 1 AUTOMOTIVE INC	186,756	$12.03M	0.6%	$63.40	-2.4%	COMMON	398905109
WWNTY	WANT WANT CHINA - UNSPON ADR	172,047	$11.9M	0.6%	$73.87	—	COMMON	93370R107
SHWGY	SHANDONG WEIGAO GP ADR	2,645,788	$11.24M	0.6%	$3.91	—	COMMON	81941W101
SNA	SNAP-ON INC	125,350	$11.21M	0.6%	$60.64	+9.5%	COMMON	833034101
—	LACLEDE GROUP INC	244,971	$11.19M	0.6%	$42.70	—	COMMON	505597104
—	CABELA`S INC	171,169	$11.1M	0.6%	$60.78	—	COMMON	126804301
RRX	REGAL-BELOIT	171,074	$11.1M	0.6%	$77.50	-9.8%	COMMON	758750103
IDEXY	INDITEX-UNSPON ADR	441,849	$11.04M	0.6%	$25.84	—	COMMON	455793109
PRA	PROASSURANCE CORP	210,485	$10.99M	0.6%	$45.77	+8.7%	COMMON	74267C106
—	GRAN TIERRA ENERGY	1,786,222	$10.74M	0.6%	$6.01	—	COMMON	38500T101
—	MONTPELIER RE HOLDINGS LTD	428,854	$10.74M	0.6%	$26.05	—	COMMON	G62185106
OFG	OFG BANCORP	579,488	$10.49M	0.6%	$16.55	0.0%	COMMON	67103X102
GATX	GATX CORP	215,426	$10.21M	0.6%	$35.96	+4.1%	COMMON	361448103
WERN	WERNER ENTERPRISES	414,153	$10.02M	0.5%	$23.41	+2.3%	COMMON	950755108
—	TUESDAY MORNING	911,125	$9.47M	0.5%	$7.76	—	COMMON	899035505
ANDE	THE ANDERSONS INC	176,376	$9.389M	0.5%	$24.94	+11.1%	COMMON	034164103
SAIA	SAIA	305,642	$9.199M	0.5%	$22.29	+27.6%	COMMON	78709Y105
AMSF	AMERISAFE	277,945	$9.046M	0.5%	$12.61	+9.1%	COMMON	03071H100
DEI	DOUGLAS EMMETT	356,375	$8.892M	0.5%	$24.93	—	COMMON	25960P109
MTH	MERITAGE HOMES CORP	203,341	$8.812M	0.5%	$21.32	+9.4%	COMMON	59001A102
HELE	HELEN OF TROY LTD	224,224	$8.637M	0.5%	$36.36	+4.5%	COMMON	G4388N106
—	SUSQUEHANNA BANCSHARES	656,764	$8.455M	0.5%	$12.43	—	COMMON	869099101
—	SHFL ENTERTAINMENT	458,281	$8.124M	0.4%	$16.57	—	COMMON	78423R105
GBCI	GLACIER BANCORP	354,550	$7.867M	0.4%	$10.98	+16.1%	COMMON	37637Q105
—	FOOT LOCKER INC	211,722	$7.448M	0.4%	$34.24	—	COMMON	344849104
CALM	CAL MAINE FOODS	159,397	$7.43M	0.4%	$14.26	+6.6%	COMMON	128030202
LNN	LINDSAY CORPORATION	97,420	$7.313M	0.4%	$76.54	-11.5%	COMMON	535555106
—	CUBIC CORP	151,007	$7.275M	0.4%	$42.72	—	COMMON	229669106
AVA	AVISTA CORP	260,884	$7.049M	0.4%	$15.28	+7.6%	COMMON	05379B107
SAFT	SAFETY INSURANCE GROUP INC	133,147	$6.474M	0.3%	$47.77	+5.3%	COMMON	78648T100
BPOP	POPULAR INC	189,663	$5.76M	0.3%	$19.87	+9.8%	COMMON	733174700
NSIT	INSIGHT ENTERPRISES	321,047	$5.713M	0.3%	$19.79	-5.8%	COMMON	45765U103
MOG/A	MOOG INC-CLASS A	110,443	$5.691M	0.3%	$41.47	+7.4%	COMMON	615394202
—	AMERICAN CAPITAL	448,946	$5.691M	0.3%	$14.60	—	COMMON	02503Y103
—	CELESTICA	544,270	$5.143M	0.3%	$8.09	—	COMMON	15101Q108
AZTA	BROOKS AUTOMATION	523,823	$5.107M	0.3%	$8.03	+3.0%	COMMON	114340102
POR	PORTLAND GENERAL ELECTRIC	164,817	$5.042M	0.3%	$18.13	+8.4%	COMMON	736508847
KAI	KADANT INC	165,887	$5.005M	0.3%	$23.29	+8.1%	COMMON	48282T104
TITN	TITAN MACHINERY	251,173	$4.931M	0.3%	$28.49	-22.8%	COMMON	88830R101
—	HI-TECH PHARM	144,879	$4.81M	0.3%	$33.11	—	COMMON	42840B101
SXT	SENSIENT TECHNOLOGIES	117,381	$4.75M	0.3%	$37.62	+5.3%	COMMON	81725T100
OLN	OLIN CORP	170,602	$4.081M	0.2%	$15.92	+5.6%	COMMON	680665205
—	GLOBAL INDEMNITY PLC	172,750	$4.068M	0.2%	$23.20	—	COMMON	G39319101
—	NEWPORT CORP	279,238	$3.89M	0.2%	$16.92	—	COMMON	651824104
AMZN	AMAZON.COM INC	12,172	$3.38M	0.2%	$13.30	+0.1%	COMMON	023135106
EGY	VAALCO ENERGY	544,591	$3.135M	0.2%	$6.89	-23.3%	COMMON	91851C201
—	IMMUNOMEDICS	494,216	$2.684M	0.1%	$2.44	—	COMMON	452907108
YUM	YUM! BRANDS INC	26,624	$1.846M	0.1%	$37.40	+4.2%	COMMON	988498101
—	MONSANTO CO	18,676	$1.845M	0.1%	$105.63	—	COMMON	61166W101
—	NATIONAL OILWELL VARCO INC	24,526	$1.69M	0.1%	$70.77	—	COMMON	637071101
—	GOOGLE INC	1,872	$1.648M	0.1%	$880.34	—	COMMON	38259P508
MMM	3M COMPANY	14,707	$1.608M	0.1%	$58.23	+5.2%	COMMON	88579Y101
AMT	AMERICAN TOWER REIT (HLDG CO) SH	21,342	$1.562M	0.1%	$57.96	+2.7%	COMMON	03027X100
EBAY	EBAY INC	28,132	$1.455M	0.1%	$20.25	-0.3%	COMMON	278642103
NKE	NIKE INC B	22,374	$1.425M	0.1%	$24.16	+9.8%	COMMON	654106103
—	CELGENE CORP	11,789	$1.379M	0.1%	$115.91	—	COMMON	151020104
—	TD AMERITRADE HOLDINGS	53,488	$1.299M	0.1%	$22.34	—	COMMON	87236Y108
PSMT	PRICESMART INC	12,244	$1.073M	0.1%	$66.02	+13.1%	COMMON	741511109
PFE	PFIZER INC	38,246	$1.071M	0.1%	$15.34	+7.3%	COMMON	717081103
CVX	CHEVRON	8,503	$1.006M	0.1%	$67.90	+5.0%	COMMON	166764100
PM	PHILIP MORRIS INTL	10,630	$921K	0.0%	$47.83	+4.2%	COMMON	718172109
TSGTY	TSINGTAO BREWERY-SPONS ADR	12,895	$916K	0.0%	$63.49	—	COMMON	898529102
—	PERRIGO CO	7,249	$877K	0.0%	$118.77	—	COMMON	714290103
—	GENERAL ELECTRIC COMPANY	32,009	$742K	0.0%	$23.12	—	COMMON	369604103
XOM	EXXON MOBIL CORPORATION	8,140	$735K	0.0%	$52.97	+1.4%	COMMON	30231G102
HD	HOME DEPOT INC	8,650	$670K	0.0%	$49.83	+12.5%	COMMON	437076102
JNJ	JOHNSON & JOHNSON	6,494	$558K	0.0%	$52.89	+12.8%	COMMON	478160104
BRK/B	BERKSHIRE HATHAWAY INC CL B	4,675	$523K	0.0%	$99.00	+11.1%	COMMON	084670702
PG	PROCTER & GAMBLE CO	6,720	$517K	0.0%	$51.91	+6.0%	COMMON	742718109
—	AON CORPORATION	7,471	$481K	0.0%	$61.56	—	COMMON	G0408V102
AAPL	APPLE INC	1,146	$454K	0.0%	$14.15	-7.0%	COMMON	037833100
KO	COCA-COLA COMPANY	10,946	$439K	0.0%	$25.69	+8.4%	COMMON	191216100
COST	COSTCO WHOLESALE CORP	3,940	$436K	0.0%	$80.79	+7.1%	COMMON	22160K105
DIS	DISNEY (WALT)	6,533	$413K	0.0%	$48.38	+16.0%	COMMON	254687106
—	MEDCATH CORP	285,049	$408K	0.0%	$1.43	—	COMMON	58404W109
WFC	WELLS FARGO & COMPANY	9,351	$386K	0.0%	$24.91	+9.9%	COMMON	949746101
INTC	INTEL CORP	15,703	$380K	0.0%	$15.36	+11.8%	COMMON	458140100
MCD	MCDONALD`S CORP	3,556	$352K	0.0%	$67.70	+6.0%	COMMON	580135101
EMR	EMERSON ELECTRIC COMPANY	6,421	$350K	0.0%	$39.99	+0.1%	COMMON	291011104
GIS	GENERAL MILLS	7,185	$349K	0.0%	$28.57	+11.9%	COMMON	370334104
PEP	PEPSICO INC	4,196	$343K	0.0%	$50.48	+10.9%	COMMON	713448108
SCHW	SCHWAB (CHARLES) CORP	15,915	$338K	0.0%	$14.23	+11.9%	COMMON	808513105
SYY	SYSCO CORP	9,324	$319K	0.0%	$22.81	+7.0%	COMMON	871829107
—	GLAXOSMITHKLINE PLC - SPON ADR	6,320	$316K	0.0%	$50.00	—	COMMON	37733W105
PAYX	PAYCHEX INC	8,224	$300K	0.0%	$22.70	+10.2%	COMMON	704326107
NBIS	YANDEX NV-A	10,831	$299K	0.0%	$27.61	—	COMMON	N97284108
ADP	AUTOMATIC DATA PROCESSING	4,163	$287K	0.0%	$40.88	+10.3%	COMMON	053015103
RCI	ROGERS COMMUNICATION	7,255	$284K	0.0%	$47.39	0.0%	COMMON	775109200
—	SPECTRA ENERGY CORP	7,320	$252K	0.0%	$30.88	—	COMMON	847560109
JAZZ	JAZZ PHARMACEUTICALS PLC	3,500	$241K	0.0%	$61.12	0.0%	COMMON	G50871105
CL	COLGATE-PALMOLIVE COMPANY	3,961	$227K	0.0%	$42.87	+3.5%	COMMON	194162103
EMBJ	EMBRAER SA-ADR	5,779	$213K	0.0%	$36.86	—	COMMON	29082A107
—	WHOLE FOODS MARKET INC	4,000	$206K	0.0%	$51.50	—	COMMON	966837106
GNW	GENWORTH FINANCIAL	17,900	$204K	0.0%	$9.18	+13.4%	COMMON	37247D106
SBUX	STARBUCKS CORP	3,100	$203K	0.0%	$21.83	+11.6%	COMMON	855244109
TV	GRUPO TELEVISA SA	8,063	$200K	0.0%	$26.54	—	COMMON	40049J206