Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG CO.	7,859,099	$137M	4.9%	$17.46	—	COMMON	874039100
—	ACE LTD	1,252,209	$130M	4.7%	$94.03	—	COMMON	H0023R105
PRGO	PERRIGO CO Plc	741,435	$121M	4.4%	$144.14	0.0%	COMMON	G97822103
CNI	CANADIAN NATL RAILWAY CO	2,043,368	$117M	4.2%	$42.52	+4.2%	COMMON	136375102
—	CANADIAN PACIFIC RAILWAY	768,987	$116M	4.2%	$131.87	—	COMMON	13645T100
ASML	ASML HOLDING ADR	1,102,446	$103M	3.7%	$78.02	—	COMMON	N07059210
—	COVIDIEN LTD	1,465,418	$99.8M	3.6%	$66.39	—	COMMON	G2554F113
—	CORE LABORATORIES N.V.	519,817	$99.26M	3.6%	$146.35	—	COMMON	N22717107
—	COCA-COLA ENTERPRISES	2,236,907	$98.72M	3.6%	$38.83	—	COMMON	19122T109
—	LAZARD LTD-CL A	2,065,826	$93.62M	3.4%	$36.41	—	COMMON	G54050102
—	SENSATA TECHNOLOGIES HOLDING	2,309,496	$89.54M	3.2%	$36.40	—	COMMON	N7902X106
—	ARM HOLDINGS ADR	1,557,746	$85.26M	3.1%	$46.91	—	COMMON	042068106
—	BRF SA - ADR	3,499,968	$73.04M	2.6%	$21.72	—	COMMON	10552T107
MELI	MERCADOLIBRE INC	537,307	$57.92M	2.1%	$109.77	+7.1%	COMMON	58733R102
NSRGY	NESTLE SA - SPONS ADR FOR REG	663,744	$48.84M	1.8%	$71.27	—	COMMON	641069406
SGSOY	SGS SA - ADR	2,110,588	$48.48M	1.7%	$23.26	—	COMMON	818800104
TCEHY	TENCENT HOLDINGS LTD-UNS ADR	749,196	$48.26M	1.7%	$44.02	—	COMMON	88032Q109
IDEXY	INDITEX-UNSPON ADR	1,283,373	$42.38M	1.5%	$30.15	—	COMMON	455793109
NVZMY	NOVOZYMES A/S - ADR	998,560	$42.2M	1.5%	$37.05	—	COMMON	670108109
NVO	NOVO-NORDISK A/S-SPONS ADR	1,123,103	$41.5M	1.5%	$70.38	—	COMMON	670100205
—	SVENSKA CELLULOSA AB-SP ADR	1,306,094	$40.33M	1.5%	$28.00	—	COMMON	869587402
FANUY	FANUC CORPORATION	1,310,655	$40.25M	1.5%	$27.34	—	COMMON	307305102
ASOMY	ASOS PLC - UNSPONSORED ADR	353,808	$37.15M	1.3%	$80.58	—	COMMON	00212V105
SURRY	SUN ART RETAIL GROUP-UNS ADR	2,400,270	$34.3M	1.2%	$14.29	—	COMMON	866633100
AMZN	AMAZON.COM INC	68,039	$27.13M	1.0%	$17.15	+4.8%	COMMON	023135106
CGNX	COGNEX CORP	701,048	$26.77M	1.0%	$11.16	+33.7%	COMMON	192422103
—	WESTERN REFINING	615,758	$26.11M	0.9%	$35.22	—	COMMON	959319104
WMMVY	WALMART DE MEXICO-SPON ADR V	997,813	$26.06M	0.9%	$29.09	—	COMMON	93114W107
LVMUY	LVMH MOET HENNESSY-UNSP ADR	690,197	$25.26M	0.9%	$34.89	—	COMMON	502441306
—	BLUCORA INC	795,499	$23.2M	0.8%	$15.75	—	COMMON	095229100
SSMXY	SYSMEX CORP UNSPON ADR	759,622	$22.55M	0.8%	$30.56	—	COMMON	87184P109
CNO	CNO FINANCIAL GROUP INC	1,222,779	$21.63M	0.8%	$8.36	+50.1%	COMMON	12621E103
SRGHY	SHOPRITE HOLDINGS (SPONSORED ADR	1,358,038	$21.39M	0.8%	$15.75	—	COMMON	82510E209
—	WELLCARE HEALTH PLANS INC	297,250	$20.93M	0.8%	$58.41	—	COMMON	94946T106
GPI	GROUP 1 AUTOMOTIVE INC	293,113	$20.82M	0.8%	$65.26	+4.4%	COMMON	398905109
JRONY	JERONIMO MARTINS SGPS SA - ADR	504,677	$19.77M	0.7%	$39.81	—	COMMON	476493101
—	HORNBECK OFFSHORE SERVICES	390,860	$19.24M	0.7%	$46.84	—	COMMON	440543106
EWBC	EAST WEST BANCORP	521,906	$18.25M	0.7%	$18.27	+41.3%	COMMON	27579R104
CVBF	CVB FINANCIAL	1,033,756	$17.65M	0.6%	$7.20	+40.6%	COMMON	126600105
—	BBCN BANCORP	1,003,495	$16.65M	0.6%	$13.53	—	COMMON	073295107
—	GOOGLE INC	14,476	$16.22M	0.6%	$1089.39	—	COMMON	38259P508
RWT	REDWOOD TRUST	823,125	$15.94M	0.6%	$19.29	—	COMMON	758075402
EAT	BRINKER INTERNATIONAL INC	341,581	$15.83M	0.6%	$27.57	+32.3%	COMMON	109641100
—	CORPORATE EXECUTIVE BOARD CO	191,519	$14.83M	0.5%	$58.66	—	COMMON	21988R102
—	BARNES GROUP	386,628	$14.81M	0.5%	$29.77	—	COMMON	067806109
NKE	NIKE INC B	182,442	$14.35M	0.5%	$31.78	+3.4%	COMMON	654106103
—	TUESDAY MORNING	860,529	$13.73M	0.5%	$8.02	—	COMMON	899035505
CMC	COMMERCIAL METALS COMPANY	672,455	$13.67M	0.5%	$14.27	0.0%	COMMON	201723103
—	COWEN GROUP	3,473,900	$13.58M	0.5%	$3.81	—	COMMON	223622101
—	DEVRY EDUCATION GROUP	363,206	$12.89M	0.5%	$35.50	—	COMMON	251893103
—	TD AMERITRADE HOLDINGS	419,985	$12.87M	0.5%	$29.58	—	COMMON	87236Y108
SNA	SNAP-ON INC	113,995	$12.48M	0.5%	$60.64	+30.7%	COMMON	833034101
—	GRAN TIERRA ENERGY	1,705,229	$12.46M	0.4%	$6.06	—	COMMON	38500T101
—	CELGENE CORP	72,168	$12.19M	0.4%	$160.23	—	COMMON	151020104
—	MONSANTO CO	104,068	$12.13M	0.4%	$114.68	—	COMMON	61166W101
EBAY	EBAY INC	218,184	$11.97M	0.4%	$19.77	-0.4%	COMMON	278642103
RRX	REGAL-BELOIT	161,839	$11.93M	0.4%	$77.11	-5.9%	COMMON	758750103
—	MONTPELIER RE HOLDINGS LTD	407,145	$11.85M	0.4%	$26.05	—	COMMON	G62185106
MMM	3M COMPANY	83,652	$11.73M	0.4%	$70.10	+3.7%	COMMON	88579Y101
AMSF	AMERISAFE	263,921	$11.15M	0.4%	$12.68	+30.3%	COMMON	03071H100
—	CABELA`S INC	162,245	$10.81M	0.4%	$60.85	—	COMMON	126804301
—	CBL & ASSOCIATES PROPERTIES	596,515	$10.71M	0.4%	$23.60	—	COMMON	124830100
OFG	OFG BANCORP	614,925	$10.66M	0.4%	$16.73	-3.3%	COMMON	67103X102
GATX	GATX CORP	203,732	$10.63M	0.4%	$35.91	+5.2%	COMMON	361448103
—	LACLEDE GROUP INC	231,473	$10.54M	0.4%	$42.78	—	COMMON	505597104
HELE	HELEN OF TROY LTD	211,506	$10.44M	0.4%	$36.55	+28.3%	COMMON	G4388N106
GBCI	GLACIER BANCORP	345,714	$10.3M	0.4%	$11.31	+65.8%	COMMON	37637Q105
ANDE	THE ANDERSONS INC	168,433	$10.01M	0.4%	$25.29	+65.6%	COMMON	034164103
PRA	PROASSURANCE CORP	200,467	$9.719M	0.4%	$45.95	+1.5%	COMMON	74267C106
WERN	WERNER ENTERPRISES	392,222	$9.7M	0.3%	$23.43	+1.4%	COMMON	950755108
CME	CME GROUP INC	122,265	$9.593M	0.3%	$47.02	+0.9%	COMMON	12572Q105
YUM	YUM! BRANDS INC	126,054	$9.531M	0.3%	$40.16	+1.8%	COMMON	988498101
SAIA	SAIA	291,142	$9.331M	0.3%	$22.67	+44.1%	COMMON	78709Y105
MTH	MERITAGE HOMES CORP	192,622	$9.244M	0.3%	$21.33	+1.6%	COMMON	59001A102
CALM	CAL MAINE FOODS	150,710	$9.077M	0.3%	$14.35	+28.8%	COMMON	128030202
PSMT	PRICESMART INC	72,825	$8.414M	0.3%	$92.34	+5.8%	COMMON	741511109
—	FOOT LOCKER INC	201,936	$8.368M	0.3%	$34.23	—	COMMON	344849104
—	AMERICAN CAPITAL	423,672	$8.173M	0.3%	$14.57	—	COMMON	02503Y103
—	SUSQUEHANNA BANCSHARES	622,531	$7.993M	0.3%	$12.43	—	COMMON	869099101
PM	PHILIP MORRIS INTL	91,661	$7.986M	0.3%	$47.83	+0.0%	COMMON	718172109
LNN	LINDSAY CORPORATION	92,781	$7.678M	0.3%	$76.16	-12.1%	COMMON	535555106
DEI	DOUGLAS EMMETT	327,232	$7.621M	0.3%	$24.93	—	COMMON	25960P109
—	CUBIC CORP	143,052	$7.533M	0.3%	$43.12	—	COMMON	229669106
MOG/A	MOOG INC-CLASS A	108,049	$7.341M	0.3%	$42.13	+38.0%	COMMON	615394202
AVA	AVISTA CORP	255,478	$7.202M	0.3%	$15.36	+9.3%	COMMON	05379B107
SAFT	SAFETY INSURANCE GROUP INC	125,732	$7.079M	0.3%	$47.93	+14.7%	COMMON	78648T100
NSIT	INSIGHT ENTERPRISES	303,533	$6.893M	0.2%	$19.80	+10.6%	COMMON	45765U103
KAI	KADANT INC	161,451	$6.542M	0.2%	$23.68	+41.9%	COMMON	48282T104
—	CELESTICA	537,774	$5.593M	0.2%	$8.32	—	COMMON	15101Q108
SXT	SENSIENT TECHNOLOGIES	113,397	$5.502M	0.2%	$38.01	+31.0%	COMMON	81725T100
BPOP	POPULAR INC	185,368	$5.326M	0.2%	$20.13	+1.2%	COMMON	733174700
AZTA	BROOKS AUTOMATION	495,841	$5.201M	0.2%	$8.03	+4.9%	COMMON	114340102
—	NEWPORT CORP	274,624	$4.962M	0.2%	$16.83	—	COMMON	651824104
POR	PORTLAND GENERAL ELECTRIC	162,009	$4.893M	0.2%	$18.19	+4.0%	COMMON	736508847
OLN	OLIN CORP	165,399	$4.772M	0.2%	$15.94	+8.6%	COMMON	680665205
—	GLOBAL INDEMNITY PLC	169,152	$4.28M	0.2%	$23.35	—	COMMON	G39319101
—	IMMUNOMEDICS	484,757	$2.23M	0.1%	$2.60	—	COMMON	452907108
TSGTY	TSINGTAO BREWERY-SPONS ADR	15,741	$1.318M	0.0%	$67.10	—	COMMON	898529102
—	ROTORK PLC - UNSPONSORED ADR	51,817	$1.124M	0.0%	$21.69	—	COMMON	77880Q105
EFA	ISHARES MSCI EAFE INDEX FUND	15,315	$1.028M	0.0%	$67.12	—	COMMON	464287465
BRK/B	BERKSHIRE HATHAWAY INC CL B	4,675	$849K	0.0%	$99.00	+16.8%	COMMON	084670702
—	AON CORPORATION	7,471	$627K	0.0%	$61.56	—	COMMON	G0408V102
NBIS	YANDEX NV-A	14,383	$621K	0.0%	$31.89	—	COMMON	N97284108
CVX	CHEVRON	4,838	$604K	0.0%	$67.90	+6.8%	COMMON	166764100
—	GENERAL ELECTRIC COMPANY	20,175	$566K	0.0%	$23.12	—	COMMON	369604103
WYNMY	WYNN MACAU LTD - UNSPON ADR	11,463	$521K	0.0%	$45.45	—	COMMON	98313R106
TV	GRUPO TELEVISA SA	17,175	$520K	0.0%	$28.49	—	COMMON	40049J206
SHWGY	SHANDONG WEIGAO GP ADR	94,364	$509K	0.0%	$3.91	—	COMMON	81941W101
EMR	EMERSON ELECTRIC COMPANY	6,461	$453K	0.0%	$39.99	+20.5%	COMMON	291011104
JAZZ	JAZZ PHARMACEUTICALS PLC	3,500	$443K	0.0%	$61.12	+69.3%	COMMON	G50871105
—	MEDCATH CORP	245,184	$434K	0.0%	$1.45	—	COMMON	58404W109
DIS	DISNEY (WALT)	5,643	$431K	0.0%	$48.38	+27.5%	COMMON	254687106
INTC	INTEL CORP	16,493	$428K	0.0%	$15.43	+16.1%	COMMON	458140100
WFC	WELLS FARGO & COMPANY	9,411	$427K	0.0%	$24.91	+23.5%	COMMON	949746101
PAYX	PAYCHEX INC	8,910	$406K	0.0%	$23.04	+27.7%	COMMON	704326107
PG	PROCTER & GAMBLE CO	4,946	$403K	0.0%	$51.91	+11.8%	COMMON	742718109
JNJ	JOHNSON & JOHNSON	4,307	$394K	0.0%	$52.89	+24.3%	COMMON	478160104
—	SPECTRA ENERGY CORP	10,595	$377K	0.0%	$31.92	—	COMMON	847560109
GIS	GENERAL MILLS	7,500	$374K	0.0%	$28.77	+14.3%	COMMON	370334104
MCD	MCDONALD`S CORP	3,761	$365K	0.0%	$67.85	+3.2%	COMMON	580135101
—	UNILEVER PLC-SPONSORED ADR	8,770	$361K	0.0%	$38.54	—	COMMON	904767704
ADP	AUTOMATIC DATA PROCESSING	4,389	$355K	0.0%	$41.30	+24.6%	COMMON	053015103
PEP	PEPSICO INC	4,286	$355K	0.0%	$50.65	+14.0%	COMMON	713448108
KO	COCA-COLA COMPANY	8,541	$353K	0.0%	$25.69	+4.9%	COMMON	191216100
SURRF	SUN ART RETAIL GROUP LTD	252,500	$348K	0.0%	$1.52	0.0%	COMMON	Y8184B109
—	GLAXOSMITHKLINE PLC - SPON ADR	6,395	$341K	0.0%	$50.00	—	COMMON	37733W105
RCI	ROGERS COMMUNICATIONS	7,255	$328K	0.0%	$47.39	-6.1%	COMMON	775109200
—	ISIS PHARMACEUTICALS INC	5,900	$235K	0.0%	$37.46	—	COMMON	464330109
BIDU	BAIDU, INC-SPON ADR	1,287	$229K	0.0%	$177.93	—	COMMON	056752108
RDY	DR REDDYS LABS LTD	5,199	$213K	0.0%	$40.97	—	COMMON	256135203
—	GREEN MOUNTAIN COFFEE	2,820	$213K	0.0%	$75.53	—	COMMON	393122106
EMBJ	EMBRAER SA-ADR	6,434	$207K	0.0%	$32.17	—	COMMON	29082A107
PFE	PFIZER INC	6,647	$204K	0.0%	$17.62	0.0%	COMMON	717081103