Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG CO.	11,406,880	$244M	6.1%	$18.63	—	COMMON	874039100
NVO	NOVO-NORDISK A/S-SPONS ADR	4,180,732	$193M	4.8%	$52.44	—	COMMON	670100205
—	CANADIAN PACIFIC RAILWAY	1,042,354	$189M	4.7%	$144.56	—	COMMON	13645T100
—	ACE LTD	1,750,755	$182M	4.5%	$96.65	—	COMMON	H0023R105
CNI	CANADIAN NATL RAILWAY CO	2,767,063	$180M	4.5%	$44.01	+9.7%	COMMON	136375102
—	COVIDIEN LTD	1,991,650	$180M	4.5%	$72.08	—	COMMON	G2554F113
—	SENSATA TECHNOLOGIES HOLDING	3,470,664	$162M	4.0%	$39.76	—	COMMON	N7902X106
PRGO	PERRIGO CO Plc	1,093,431	$159M	4.0%	$143.84	-1.5%	COMMON	G97822103
—	COCA-COLA ENTERPRISES	3,070,774	$147M	3.7%	$41.26	—	COMMON	19122T109
ASML	ASML HOLDING ADR	1,500,822	$140M	3.5%	$81.98	—	COMMON	N07059210
—	LAZARD LTD-CL A	2,580,367	$133M	3.3%	$40.19	—	COMMON	G54050102
—	CORE LABORATORIES N.V.	739,050	$123M	3.1%	$153.18	—	COMMON	N22717107
NBIS	YANDEX NV-A	3,177,021	$113M	2.8%	$35.52	—	COMMON	N97284108
—	ARM HOLDINGS ADR	2,212,537	$100M	2.5%	$46.41	—	COMMON	042068106
NSRGY	NESTLE SA - SPONS ADR FOR REG	946,685	$73.45M	1.8%	$73.58	—	COMMON	641069406
SGSOY	SGS SA - ADR	3,042,179	$72.86M	1.8%	$23.51	—	COMMON	818800104
NVZMY	NOVOZYMES A/S - ADR	1,448,460	$72.76M	1.8%	$41.99	—	COMMON	670108109
TCEHY	TENCENT HOLDINGS LTD-UNS ADR	4,555,193	$69.52M	1.7%	$19.10	—	COMMON	88032Q109
IDEXY	INDITEX-UNSPON ADR	3,160,524	$60.41M	1.5%	$23.21	—	COMMON	455793109
FANUY	FANUC CORPORATION	1,921,187	$55.29M	1.4%	$27.88	—	COMMON	307305102
—	CHR HANSEN HOLDING - SPON ADR	2,480,610	$52.45M	1.3%	$20.51	—	COMMON	12545M207
—	SVENSKA CELLULOSA AB-SP ADR	1,984,438	$51.62M	1.3%	$27.20	—	COMMON	869587402
SURRY	SUN ART RETAIL GROUP-UNS ADR	3,921,015	$44.91M	1.1%	$13.17	—	COMMON	866633100
SSMXY	SYSMEX CORP UNSPON ADR	2,275,345	$42.73M	1.1%	$23.06	—	COMMON	87184P109
AMZN	AMAZON.COM INC	125,008	$40.6M	1.0%	$16.55	-4.4%	COMMON	023135106
WMMVY	WALMART DE MEXICO-SPON ADR V	1,478,743	$39.54M	1.0%	$28.28	—	COMMON	93114W107
LVMUY	LVMH MOET HENNESSY-UNSP ADR	993,520	$38.32M	1.0%	$36.27	—	COMMON	502441306
ASOMY	ASOS PLC - UNSPONSORED ADR	686,154	$35.08M	0.9%	$65.00	—	COMMON	00212V105
SRGHY	SHOPRITE HOLDINGS (SPONSORED ADR	2,230,023	$32.4M	0.8%	$15.28	—	COMMON	82510E209
JRONY	JERONIMO MARTINS SGPS SA - ADR	818,249	$26.97M	0.7%	$37.18	—	COMMON	476493101
NKE	NIKE INC B	340,505	$26.41M	0.7%	$31.95	+0.6%	COMMON	654106103
CGNX	COGNEX CORP	666,649	$25.6M	0.6%	$11.16	+45.4%	COMMON	192422103
—	TD AMERITRADE HOLDINGS	808,547	$25.35M	0.6%	$30.45	—	COMMON	87236Y108
GPI	GROUP 1 AUTOMOTIVE INC	281,804	$23.76M	0.6%	$65.26	+14.4%	COMMON	398905109
—	MONSANTO CO	189,983	$23.7M	0.6%	$119.19	—	COMMON	61166W101
—	WESTERN REFINING	591,204	$22.2M	0.6%	$35.22	—	COMMON	959319104
—	WELLCARE HEALTH PLANS INC	286,113	$21.36M	0.5%	$58.41	—	COMMON	94946T106
YUM	YUM! BRANDS INC	257,376	$20.9M	0.5%	$42.16	+5.9%	COMMON	988498101
CNO	CNO FINANCIAL GROUP INC	1,173,671	$20.89M	0.5%	$8.36	+60.5%	COMMON	12621E103
EBAY	EBAY INC	405,165	$20.28M	0.5%	$19.60	-1.1%	COMMON	278642103
COST	COSTCO WHOLESALE CORP	175,157	$20.17M	0.5%	$91.53	+0.3%	COMMON	22160K105
—	LINKEDIN CORP	115,681	$19.84M	0.5%	$171.47	—	COMMON	53578A108
—	GOOGLE INC	33,577	$19.63M	0.5%	$803.78	—	COMMON	38259P508
—	COOPER COMPANIES (THE)	144,619	$19.6M	0.5%	$136.52	—	COMMON	216648402
SBUX	STARBUCKS CORP	247,748	$19.17M	0.5%	$29.10	-0.8%	COMMON	855244109
CME	CME GROUP INC	262,809	$18.65M	0.5%	$45.65	-2.7%	COMMON	12572Q105
—	EXPRESS SCRIPTS HOLDING CO	262,361	$18.19M	0.5%	$72.47	—	COMMON	30219G108
EWBC	EAST WEST BANCORP	500,815	$17.52M	0.4%	$18.27	+46.0%	COMMON	27579R104
—	HORNBECK OFFSHORE SERVICES	368,531	$17.29M	0.4%	$46.84	—	COMMON	440543106
CVBF	CVB FINANCIAL	1,002,871	$16.08M	0.4%	$7.20	+40.8%	COMMON	126600105
EAT	BRINKER INTERNATIONAL INC	325,875	$15.85M	0.4%	$27.57	+51.1%	COMMON	109641100
—	CELGENE CORP	182,287	$15.65M	0.4%	$106.05	—	COMMON	151020104
—	BBCN BANCORP	967,301	$15.43M	0.4%	$13.53	—	COMMON	073295107
RWT	REDWOOD TRUST	761,513	$14.83M	0.4%	$19.29	—	COMMON	758075402
—	DEVRY EDUCATION GROUP	349,396	$14.79M	0.4%	$35.50	—	COMMON	251893103
—	TUESDAY MORNING	821,570	$14.64M	0.4%	$8.02	—	COMMON	899035505
—	BLUCORA INC	766,755	$14.47M	0.4%	$15.75	—	COMMON	095229100
—	BARNES GROUP	372,508	$14.36M	0.4%	$29.77	—	COMMON	067806109
TRIP	TRIPADVISOR INC	131,472	$14.29M	0.4%	$81.79	0.0%	COMMON	896945201
—	COWEN GROUP	3,341,159	$14.1M	0.4%	$3.81	—	COMMON	223622101
—	TRIANGLE PETROLEUM	1,169,344	$13.74M	0.3%	$11.75	—	COMMON	89600B201
—	GRAN TIERRA ENERGY	1,632,972	$13.26M	0.3%	$6.06	—	COMMON	38500T101
SNA	SNAP-ON INC	110,065	$13.04M	0.3%	$60.64	+46.8%	COMMON	833034101
GATX	GATX CORP	194,539	$13.02M	0.3%	$35.91	+38.5%	COMMON	361448103
—	MONTPELIER RE HOLDINGS LTD	389,603	$12.45M	0.3%	$26.05	—	COMMON	G62185106
HELE	HELEN OF TROY LTD	202,541	$12.28M	0.3%	$36.55	+70.2%	COMMON	G4388N106
RRX	REGAL-BELOIT	155,410	$12.21M	0.3%	$77.11	-1.6%	COMMON	758750103
SAIA	SAIA	277,860	$12.21M	0.3%	$22.67	+83.1%	COMMON	78709Y105
AZTA	BROOKS AUTOMATION	1,043,815	$11.24M	0.3%	$8.56	+1.9%	COMMON	114340102
—	CUBIC CORP	249,656	$11.11M	0.3%	$46.63	—	COMMON	229669106
CMC	COMMERCIAL METALS COMPANY	634,128	$10.98M	0.3%	$14.27	+1.3%	COMMON	201723103
OFG	OFG BANCORP	588,893	$10.84M	0.3%	$16.73	+5.9%	COMMON	67103X102
—	LACLEDE GROUP INC	220,921	$10.73M	0.3%	$42.78	—	COMMON	505597104
—	CBL & ASSOCIATES PROPERTIES	555,787	$10.56M	0.3%	$23.60	—	COMMON	124830100
—	GLOBAL INDEMNITY PLC	405,333	$10.54M	0.3%	$24.92	—	COMMON	G39319101
CALM	CAL MAINE FOODS	141,395	$10.51M	0.3%	$14.35	+61.6%	COMMON	128030202
AMSF	AMERISAFE	252,490	$10.27M	0.3%	$12.68	+32.1%	COMMON	03071H100
—	NEWPORT CORP	554,986	$10.27M	0.3%	$18.82	—	COMMON	651824104
—	CALAMOS ASSET MANAGEMENT	758,240	$10.15M	0.3%	$13.21	—	COMMON	12811R104
WERN	WERNER ENTERPRISES	374,407	$9.926M	0.2%	$23.43	+10.6%	COMMON	950755108
GBCI	GLACIER BANCORP	330,328	$9.375M	0.2%	$11.31	+61.4%	COMMON	37637Q105
—	FOOT LOCKER INC	184,791	$9.372M	0.2%	$34.23	—	COMMON	344849104
NSIT	INSIGHT ENTERPRISES	291,556	$8.963M	0.2%	$19.80	+39.6%	COMMON	45765U103
DEI	DOUGLAS EMMETT	304,862	$8.603M	0.2%	$24.93	—	COMMON	25960P109
AVA	AVISTA CORP	244,682	$8.202M	0.2%	$15.36	+28.8%	COMMON	05379B107
MTH	MERITAGE HOMES CORP	184,911	$7.806M	0.2%	$21.33	-5.0%	COMMON	59001A102
MOG/A	MOOG INC-CLASS A	103,686	$7.557M	0.2%	$42.13	+50.6%	COMMON	615394202
LNN	LINDSAY CORPORATION	86,184	$7.28M	0.2%	$76.16	-1.8%	COMMON	535555106
—	IMMUNOMEDICS	1,908,793	$6.967M	0.2%	$3.81	—	COMMON	452907108
—	TEEKAY TANKERS	1,506,494	$6.463M	0.2%	$4.29	—	COMMON	Y8565N102
—	CONSOLIDATED COMMUNICATIONS HOLD	275,366	$6.124M	0.2%	$22.24	—	COMMON	209034107
SXT	SENSIENT TECHNOLOGIES	109,406	$6.096M	0.2%	$38.01	+42.9%	COMMON	81725T100
KAI	KADANT INC	155,116	$5.965M	0.1%	$23.68	+40.6%	COMMON	48282T104
POR	PORTLAND GENERAL ELECTRIC	156,013	$5.409M	0.1%	$18.19	+18.8%	COMMON	736508847
—	GOOGLE INC CL C	8,032	$4.621M	0.1%	$575.32	—	COMMON	38259P706
OLN	OLIN CORP	160,471	$4.32M	0.1%	$15.94	+22.8%	COMMON	680665205
TV	GRUPO TELEVISA SA	110,907	$3.805M	0.1%	$32.70	—	COMMON	40049J206
TSGTY	TSINGTAO BREWERY-SPONS ADR	44,033	$3.437M	0.1%	$71.49	—	COMMON	898529102
EMBJ	EMBRAER SA-ADR	78,002	$2.842M	0.1%	$35.35	—	COMMON	29082A107
MELI	MERCADOLIBRE INC	29,227	$2.789M	0.1%	$106.54	-19.1%	COMMON	58733R102
—	BRF SA - ADR	114,115	$2.775M	0.1%	$22.09	—	COMMON	10552T107
—	CTRIP.COM INT`L ADR	42,114	$2.697M	0.1%	$64.04	—	COMMON	22943F100
RDY	DR REDDYS LABS LTD	61,976	$2.675M	0.1%	$43.54	—	COMMON	256135203
PSMT	PRICESMART INC	29,488	$2.567M	0.1%	$90.85	-11.2%	COMMON	741511109
—	TOWER BERSAMA INFRA-UNSP ADR	67,939	$2.222M	0.1%	$27.39	—	COMMON	69369H102
SHWGY	SHANDONG WEIGAO GP ADR	566,222	$2.209M	0.1%	$4.35	—	COMMON	81941W101
TTNDY	TECHTRONIC INDUSTRIES-SP ADR	127,508	$2.034M	0.1%	$15.95	—	COMMON	87873R101
PTKFY	KALBE FARMA ADS	70,136	$1.977M	0.0%	$26.30	—	COMMON	69368A108
—	ROTORK PLC - UNSPONSORED ADR	78,267	$1.787M	0.0%	$22.06	—	COMMON	77880Q105
WYNMY	WYNN MACAU LTD - UNSPON ADR	44,230	$1.738M	0.0%	$42.49	—	COMMON	98313R106
BKRKY	BANK RAKYAT INDONESIA - UN ADR	93,768	$1.619M	0.0%	$16.99	—	COMMON	69366X100
KCDMY	KIMBERLY CLARK DE MEXICO	109,086	$1.528M	0.0%	$14.01	—	COMMON	494386204
ATONY	ANTON OILFIELD SERV-UNSP ADR	10,913	$1.494M	0.0%	$129.41	—	COMMON	037193109
CVX	CHEVRON	5,257	$686K	0.0%	$68.74	+10.4%	COMMON	166764100
—	AON CORPORATION	7,471	$673K	0.0%	$61.56	—	COMMON	G0408V102
CLX	CLOROX COMPANY	6,550	$598K	0.0%	$64.50	0.0%	COMMON	189054109
BRK/B	BERKSHIRE HATHAWAY INC CL B	4,675	$592K	0.0%	$99.00	+27.8%	COMMON	084670702
—	GENERAL ELECTRIC COMPANY	22,259	$585K	0.0%	$23.41	—	COMMON	369604103
JAZZ	JAZZ PHARMACEUTICALS PLC	3,500	$515K	0.0%	$61.12	+126.9%	COMMON	G50871105
WFC	WELLS FARGO & COMPANY	9,681	$509K	0.0%	$25.17	+44.2%	COMMON	949746101
INTC	INTEL CORP	16,253	$502K	0.0%	$15.43	+34.0%	COMMON	458140100
DIS	DISNEY (WALT)	5,658	$485K	0.0%	$48.38	+51.8%	COMMON	254687106
KO	COCA-COLA COMPANY	11,056	$468K	0.0%	$26.24	+7.1%	COMMON	191216100
JNJ	JOHNSON & JOHNSON	4,467	$467K	0.0%	$53.49	+36.8%	COMMON	478160104
—	SPECTRA ENERGY CORP	10,840	$460K	0.0%	$32.10	—	COMMON	847560109
MMM	3M COMPANY	3,142	$450K	0.0%	$70.10	+15.6%	COMMON	88579Y101
EMR	EMERSON ELECTRIC COMPANY	6,536	$434K	0.0%	$40.15	+22.4%	COMMON	291011104
GIS	GENERAL MILLS	7,820	$411K	0.0%	$28.97	+23.5%	COMMON	370334104
—	UNILEVER PLC-SPONSORED ADR	8,995	$408K	0.0%	$38.68	—	COMMON	904767704
PG	PROCTER & GAMBLE CO	5,105	$401K	0.0%	$52.07	+11.9%	COMMON	742718109
PEP	PEPSICO INC	4,436	$396K	0.0%	$50.93	+19.6%	COMMON	713448108
PAYX	PAYCHEX INC	9,259	$385K	0.0%	$23.27	+23.7%	COMMON	704326107
MCD	MCDONALD`S CORP	3,636	$366K	0.0%	$67.85	+10.2%	COMMON	580135101
AKO/B	EMBOTELLADORA ANDINA B ADR	16,151	$366K	0.0%	$21.18	—	COMMON	29081P303
ADP	AUTOMATIC DATA PROCESSING	4,518	$358K	0.0%	$41.63	+27.0%	COMMON	053015103
—	GLAXOSMITHKLINE PLC - SPON ADR	6,595	$353K	0.0%	$50.11	—	COMMON	37733W105
—	GREEN MOUNTAIN COFFEE	2,753	$343K	0.0%	$124.59	—	COMMON	49271M100
SURRF	SUN ART RETAIL GROUP LTD	302,000	$338K	0.0%	$1.49	-16.7%	COMMON	Y8184B109
PFE	PFIZER INC	7,666	$228K	0.0%	$17.69	-0.8%	COMMON	717081103
AKO/A	EMBOTELLADORA ANDINA-ADR A	12,035	$224K	0.0%	$17.70	—	COMMON	29081P204
—	ISIS PHARMACEUTICALS INC	5,900	$203K	0.0%	$37.46	—	COMMON	464330109