Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	Sap SE Sp ADR	175,691	$15.19M	3.6%	$78.04	—	ADR	803054204
—	Accenture PLC Ireland Class A	122,336	$14.33M	3.4%	$113.29	—	ADR	g1151c101
—	Broadcom Ltd	70,963	$12.54M	3.0%	$155.40	—	ADR	y09827109
—	TE Connectivity Ltd Reg	149,677	$10.37M	2.4%	$65.29	—	ADR	h84989104
—	China Biologic Prods Inc	90,748	$9.757M	2.3%	$106.32	—	ADR	16938c106
—	Delphi Automotive PLC	140,284	$9.448M	2.2%	$62.80	—	ADR	g27823106
—	Sensata Technologies Holding N	218,981	$8.529M	2.0%	$35.09	—	ADR	n7902x106
—	Netease Inc Sp ADR	38,614	$8.315M	2.0%	$193.22	—	ADR	64110w102
TSM	Taiwan Semiconductor Mfg Ltd S	206,101	$5.925M	1.4%	$22.24	—	ADR	874039100
—	Groupe CGI Inc Cl A	92,438	$4.44M	1.0%	$42.71	—	ADR	39945c109
FISV	Fiserv Inc	36,059	$3.832M	0.9%	$32.63	+57.4%	COM	337738108
LEA	Lear Corp	28,322	$3.749M	0.9%	$87.39	+20.8%	COM	521865204
—	UnitedHealth Group Inc	23,234	$3.718M	0.9%	$141.20	—	COM	91324p102
APH	Amphenol Corp Cl A	54,861	$3.687M	0.9%	$13.53	+12.9%	COM	032095101
OMC	Omnicom Group Inc	43,275	$3.683M	0.9%	$45.48	+34.1%	COM	681919106
AZO	AutoZone Inc	4,525	$3.574M	0.8%	$680.93	+13.0%	COM	053332102
—	MasterCard Inc Cl A	33,981	$3.509M	0.8%	$88.07	—	COM	57636q104
—	Comcast Corp Cl A	50,258	$3.47M	0.8%	$65.20	—	COM	20030n101
GD	General Dynamics Corp	19,797	$3.418M	0.8%	$90.04	+48.9%	COM	369550108
ITW	Illinois Tool Works Inc	27,632	$3.384M	0.8%	$92.87	+4.6%	COM	452308109
—	Vantiv Inc Cl A	56,199	$3.351M	0.8%	$56.61	—	COM	92210h105
—	Cisco Systems Inc	110,245	$3.332M	0.8%	$29.47	—	COM	17275r102
SNPS	Synopsys Inc	56,194	$3.308M	0.8%	$52.01	+14.4%	COM	871607107
TM	Toyota Motor Corp Sp ADR 2	27,935	$3.274M	0.8%	$119.87	—	ADR	892331307
—	Exelon Corp	91,561	$3.25M	0.8%	$35.50	—	COM	30161n101
—	Verisk Analytics Inc	39,656	$3.219M	0.8%	$81.09	—	COM	92345y106
JNJ	Johnson & Johnson	27,877	$3.212M	0.8%	$73.15	+22.6%	COM	478160104
—	Raytheon Co	22,128	$3.142M	0.7%	$138.63	—	COM	755111507
CCK	Crown Holdings Inc	58,500	$3.075M	0.7%	$50.98	+0.7%	COM	228368106
SWK	Stanley Black & Decker Inc	26,731	$3.066M	0.7%	$78.58	+19.1%	COM	854502101
DIS	Disney Walt Co Disney	29,287	$3.052M	0.7%	$83.17	+9.1%	COM	254687106
—	Spectrum Brands Holdings Inc	24,753	$3.028M	0.7%	$137.68	—	COM	84763r101
PFE	Pfizer Inc	92,155	$2.993M	0.7%	$18.71	+9.6%	COM	717081103
DHR	Danaher Corp	38,367	$2.987M	0.7%	$30.67	+116.4%	COM	235851102
—	AON PLC Cl A	26,735	$2.982M	0.7%	$111.54	—	COM	g0408v102
SYK	Stryker Corp	24,594	$2.947M	0.7%	$88.14	+17.9%	COM	863667101
—	Discover Financial Services	40,853	$2.945M	0.7%	$72.09	—	COM	254709108
SPG	Simon Property Group Inc	16,569	$2.944M	0.7%	$102.54	+11.9%	COM	828806109
EFX	Equifax Inc	23,766	$2.81M	0.7%	$88.82	+26.4%	COM	294429105
—	Companhia de Saneamento Basico	320,868	$2.785M	0.7%	$8.77	—	ADR	20441a102
—	Relx NV Sp ADR	162,935	$2.731M	0.6%	$17.41	—	ADR	75955b102
—	Silicon Motion Technology Corp	63,754	$2.708M	0.6%	$47.80	—	ADR	82706c108
RY	Royal Bank of Canada Montreal	39,127	$2.649M	0.6%	$51.99	+24.7%	ADR	780087102
MCO	Moodys Corp	27,875	$2.628M	0.6%	$77.00	+20.4%	COM	615369105
ABBNY	ABB Ltd Sp ADR	122,269	$2.576M	0.6%	$19.47	—	ADR	000375204
—	Chunghwa Telecom Co Ltd Sp ADR	80,539	$2.541M	0.6%	$36.18	—	ADR	17133q502
—	Fortive Corp	46,713	$2.505M	0.6%	$50.89	—	COM	34959j108
—	Icon PLC	31,637	$2.379M	0.6%	$70.01	—	ADR	g4705a100
NTTYY	Nippon Telegraph & Telephone C	55,929	$2.353M	0.6%	$34.38	—	ADR	654624105
—	Diageo PLC Sp ADR	22,558	$2.345M	0.6%	$112.93	—	ADR	25243q205
BTI	British American Tobacco PLC S	20,546	$2.315M	0.5%	$112.76	—	ADR	110448107
CAE	CAE Inc	162,522	$2.27M	0.5%	$12.92	+5.6%	COM	124765108
ALV	Autoliv Inc	19,759	$2.236M	0.5%	$68.33	-12.3%	COM	052800109
—	Elbit Systems Ltd	21,144	$2.154M	0.5%	$90.94	—	COM	m3760d101
—	NTT Docomo Inc Sp ADR	92,529	$2.105M	0.5%	$25.41	—	ADR	62942m201
—	LyondellBasell Industries NV A	23,120	$1.983M	0.5%	$85.77	—	ADR	n53745100
—	Anheuser-Busch InBev SA NV Sp	18,681	$1.97M	0.5%	$131.68	—	ADR	03524a108
—	Orbotech Ltd	58,700	$1.961M	0.5%	$33.41	—	COM	m75253100
IT	Gartner Inc	19,017	$1.922M	0.5%	$85.30	+13.3%	COM	366651107
IX	ORIX Corp Sp ADR	24,523	$1.909M	0.4%	$71.38	—	ADR	686330101
—	International Game Technology	74,822	$1.909M	0.4%	$24.38	—	COM	g4863a108
TXN	Texas Instruments Inc	26,000	$1.897M	0.4%	$37.15	+49.3%	COM	882508104
ARW	Arrow Electronics Inc	26,026	$1.856M	0.4%	$64.59	+2.4%	COM	042735100
DLX	Deluxe Corp	25,237	$1.807M	0.4%	$37.93	+20.2%	COM	248019101
WU	Western Union Co	81,574	$1.772M	0.4%	$21.72	—	COM	959802109
ROP	Roper Technologies Inc	9,500	$1.739M	0.4%	$149.30	+13.7%	COM	776696106
ECL	Ecolab Inc	14,800	$1.735M	0.4%	$98.12	+8.0%	COM	278865100
PEP	PepsiCo Inc	16,551	$1.732M	0.4%	$67.69	+17.2%	COM	713448108
FFIV	F5 Networks Inc	11,650	$1.686M	0.4%	$135.48	0.0%	COM	315616102
BALL	Ball Corp	22,423	$1.683M	0.4%	$28.96	+21.0%	COM	058498106
NATH	Nathans Famous Inc	25,787	$1.674M	0.4%	$43.68	+30.1%	COM	632347100
—	AT&T Inc	39,116	$1.664M	0.4%	$40.61	—	COM	00206r102
JKHY	Henry Jack & Assoc Inc	18,719	$1.662M	0.4%	$59.71	+28.2%	COM	426281101
WINA	Winmark Corp	13,071	$1.649M	0.4%	$81.12	+39.5%	COM	974250102
—	Quintiles Transnatio Holdings	21,623	$1.644M	0.4%	$81.07	—	COM	74876y101
—	Dun & Bradstreet Corp	13,514	$1.64M	0.4%	$121.80	—	COM	26483e100
—	Visa Inc Cl A	21,001	$1.638M	0.4%	$74.19	—	COM	92826c839
PEG	Public Service Enterprise Grou	37,001	$1.624M	0.4%	$28.40	+7.2%	COM	744573106
HON	Honeywell Intl Inc	14,000	$1.622M	0.4%	$72.17	+16.7%	COM	438516106
UGI	UGI Corp	34,959	$1.611M	0.4%	$34.39	+30.2%	COM	902681105
—	Argan Inc	22,563	$1.592M	0.4%	$41.71	—	COM	04010e109
FDS	FactSet Research Systems Inc	9,730	$1.59M	0.4%	$138.53	+4.8%	COM	303075105
—	S&P Global Inc	14,600	$1.57M	0.4%	$107.26	—	COM	78409v104
—	Oracle Corp	40,561	$1.56M	0.4%	$40.66	—	COM	68389x105
—	Insurance Holdings Inc	54,869	$1.558M	0.4%	$18.58	—	COM	91359v107
—	Verizon Communications Inc	29,100	$1.553M	0.4%	$55.84	—	COM	92343v104
HCKT	Hackett Group Inc	87,904	$1.552M	0.4%	$10.37	+63.3%	COM	404609109
—	Merck & Co Inc	26,200	$1.542M	0.4%	$58.85	—	COM	58933y105
—	FedEx Corp	8,140	$1.516M	0.4%	$186.24	—	COM	31428x106
—	Amdocs Ltd	26,000	$1.514M	0.4%	$57.72	—	ADR	g02602103
—	Novanta Inc	71,158	$1.494M	0.4%	$15.44	—	ADR	67000b104
AAPL	Apple Inc	12,800	$1.483M	0.3%	$26.97	-3.3%	COM	037833100
—	Sucampo Pharmaceuticals Inc Cl	109,023	$1.477M	0.3%	$11.37	—	COM	864909106
—	Allegion Pub Ltd Co	23,010	$1.473M	0.3%	$64.02	—	COM	g0176j109
—	Chase Corp	17,588	$1.469M	0.3%	$59.09	—	COM	16150r104
—	Kadant Inc	23,712	$1.451M	0.3%	$51.49	—	COM	48282t104
—	Alibaba Group Holding Ltd Sp A	16,461	$1.445M	0.3%	$79.54	—	ADR	01609w102
—	Lam Research Corp	13,538	$1.431M	0.3%	$84.05	—	COM	512807108
—	Entercom Communications Corp C	91,917	$1.406M	0.3%	$12.37	—	COM	293639100
AME	Ametek Inc	28,600	$1.39M	0.3%	$50.18	-11.2%	COM	031100100
HSIC	Schein Henry Inc	9,111	$1.382M	0.3%	$57.21	+5.5%	COM	806407102
CBZ	CBIZ Inc	99,552	$1.364M	0.3%	$9.23	+31.3%	COM	124805102
CIVB	Civista Bancshares Inc	69,618	$1.353M	0.3%	$11.18	+15.6%	COM	178867107
—	Pzena Investment Mgmt Inc Clas	120,590	$1.34M	0.3%	$7.61	—	COM	74731q103
—	SciClone Pharmaceuticals Inc	123,428	$1.333M	0.3%	$12.50	—	COM	80862k104
—	Omega Protein Corp	52,914	$1.326M	0.3%	$20.00	—	COM	68210p107
—	Medtronic PLC	18,593	$1.324M	0.3%	$86.76	—	ADR	g5960l103
—	Credicorp Ltd	8,343	$1.317M	0.3%	$154.29	—	ADR	g2519y108
—	Douglas Dynamics Inc	38,610	$1.299M	0.3%	$25.74	—	COM	25960r105
—	Medifast Inc	31,008	$1.291M	0.3%	$35.04	—	COM	58470h101
KINS	Kingstone Cos Inc	93,828	$1.29M	0.3%	$7.48	+30.9%	COM	496719105
HIFS	Hingham Inst Savings MA	6,556	$1.29M	0.3%	$93.87	+55.2%	COM	433323102
UPS	United Parcel Service Inc Cl B	11,245	$1.289M	0.3%	$80.28	0.0%	COM	911312106
—	IHS Markit Ltd	36,269	$1.284M	0.3%	$37.55	—	COM	g47567105
—	US Physical Therapy Inc	18,253	$1.281M	0.3%	$60.20	—	COM	90337l108
OFLX	Omega Flex Inc	22,740	$1.268M	0.3%	$34.46	+26.8%	COM	682095104
—	Mobile Telesystems PJSC Sp ADR	138,600	$1.263M	0.3%	$9.11	—	COM	607409109
DSGX	Descartes Systems Group Inc	59,000	$1.263M	0.3%	$16.96	+25.2%	ADR	249906108
AROW	Arrow Financial Corp	30,907	$1.252M	0.3%	$18.05	+27.6%	COM	042744102
—	Access National Corp	44,808	$1.244M	0.3%	$20.66	—	COM	004337101
PLUS	ePlus Inc	10,703	$1.233M	0.3%	$16.09	+61.3%	COM	294268107
—	Spark Energy Inc Cl A	40,510	$1.227M	0.3%	$33.05	—	COM	846511103
—	Ies Holdings Inc	64,017	$1.226M	0.3%	$17.79	—	COM	44951w106
UNTY	Unity Bancorp Inc	77,654	$1.219M	0.3%	$8.99	+31.2%	COM	913290102
LKFN	Lakeland Financial Corp	25,414	$1.204M	0.3%	$23.13	+38.9%	COM	511656100
UTMD	Utah Med Prods Inc	16,525	$1.202M	0.3%	$56.13	+15.8%	COM	917488108
—	MainSource Financial Group Inc	34,911	$1.201M	0.3%	$22.04	—	COM	56062y102
BMRC	Bank of Marin Bancorp	17,129	$1.195M	0.3%	$18.04	+24.0%	COM	063425102
—	Armada Hoffler Properties Inc	81,374	$1.186M	0.3%	$13.74	—	COM	04208t108
—	Stonegate Bank Ft Lauderdale F	28,409	$1.185M	0.3%	$30.78	—	COM	861811107
EFSC	Enterprise Financial Services	27,509	$1.183M	0.3%	$21.04	+47.6%	COM	293712105
—	Bryn Mawr Bank Corp	28,022	$1.181M	0.3%	$29.71	—	COM	117665109
UVSP	Univest Corp PA	38,113	$1.178M	0.3%	$19.88	+34.1%	COM	915271100
SYBT	Stock Yds Bancorp Inc	25,057	$1.176M	0.3%	$25.58	+53.6%	COM	861025104
WASH	Washington Tr Bancorp	20,960	$1.175M	0.3%	$23.01	+32.3%	COM	940610108
FONR	Fonar Corp	61,186	$1.172M	0.3%	$13.67	+41.7%	COM	344437405
—	Great Ajax Corp	86,823	$1.152M	0.3%	$13.87	—	COM	38983d300
—	Mcbc Holdings Inc	78,218	$1.14M	0.3%	$11.73	—	COM	55276f107
—	CRH Medical Corp	216,050	$1.134M	0.3%	$3.91	—	COM	12626f105
—	LHC Group Inc	24,406	$1.115M	0.3%	$42.90	—	COM	50187a107
HNNA	Hennessy Advisors Inc	34,990	$1.111M	0.3%	$19.93	+6.3%	COM	425885100
—	Insteel Industries Inc	31,008	$1.105M	0.3%	$28.61	—	COM	45774w108
—	Ardmore Shipping Corp	149,135	$1.104M	0.3%	$6.80	—	ADR	y0207t100
—	Nova Measuring Instruments Ltd	83,436	$1.098M	0.3%	$11.03	—	ADR	m7516k103
—	West Bancorporation Inc Cap St	44,322	$1.095M	0.3%	$18.59	—	COM	95123p106
—	Natural Health Trends Corp	44,065	$1.095M	0.3%	$28.19	—	COM	63888p406
GGAL	Grupo Financiero Galicia SA Sp	40,603	$1.093M	0.3%	$28.95	—	ADR	399909100
—	Reata Pharmaceuticals Inc Cl A	50,012	$1.092M	0.3%	$20.83	—	COM	75615p103
—	BioSpecifics Technologies Corp	19,592	$1.091M	0.3%	$32.38	—	COM	090931106
—	WNS Holdings Ltd Sp ADR	39,443	$1.087M	0.3%	$27.00	—	ADR	92932m101
—	Resources Connection Inc	56,211	$1.082M	0.3%	$14.94	—	COM	76122q105
—	Nv5 Global Inc	32,229	$1.076M	0.3%	$28.43	—	COM	62945v109
PETS	PetMed Express Inc	46,461	$1.072M	0.3%	$17.21	+24.5%	COM	716382106
—	Fly Leasing Ltd Sp ADR	79,818	$1.062M	0.3%	$9.94	—	ADR	34407d109
TCBK	Trico Bancshares	31,022	$1.06M	0.2%	$26.30	+13.0%	COM	896095106
CHCO	City Holding Co	15,659	$1.059M	0.2%	$33.03	+34.7%	COM	177835105
FISI	Financial Instns Inc	30,835	$1.055M	0.2%	$16.37	+22.4%	COM	317585404
KFRC	Kforce Inc	45,108	$1.042M	0.2%	$17.33	+18.5%	COM	493732101
—	Lionbridge Technologies Inc	179,550	$1.041M	0.2%	$4.99	—	COM	536252109
—	MeetMe Inc	210,548	$1.038M	0.2%	$4.06	—	COM	585141104
OLP	One Liberty Properties Inc	41,007	$1.03M	0.2%	$25.12	—	COM	682406103
—	Nautilus Inc	55,314	$1.023M	0.2%	$18.12	—	COM	63910b102
NPK	National Presto Industries Inc	9,603	$1.022M	0.2%	$74.77	+24.5%	COM	637215104
CCS	Century Communities Inc	48,411	$1.017M	0.2%	$16.71	+16.3%	COM	156504300
—	Perficient Inc	58,116	$1.016M	0.2%	$20.32	—	COM	71375u101
—	Reis Inc	45,387	$1.01M	0.2%	$24.90	—	COM	75936p105
—	NCI Inc Cl A	72,334	$1.009M	0.2%	$14.05	—	COM	62886k104
—	CPI Card Group Inc	240,066	$996K	0.2%	$5.00	—	COM	12634h101
—	EMC Ins Group Inc	33,170	$995K	0.2%	$27.95	—	COM	268664109
—	Landmark Bancorp Inc	35,347	$991K	0.2%	$25.47	—	COM	51504l107
—	Mesa Laboratories Inc	8,020	$984K	0.2%	$121.54	—	COM	59064r109
—	Almost Family Inc	22,306	$984K	0.2%	$44.96	—	COM	020409108
GSBC	Great Southern Bancorp Inc	17,805	$973K	0.2%	$39.28	+20.6%	COM	390905107
—	Vectrus Inc	40,708	$971K	0.2%	$15.76	—	COM	92242t101
—	Ari Network Services Inc	179,042	$969K	0.2%	$5.41	—	COM	001930205
—	RPX Corp	89,018	$961K	0.2%	$9.17	—	COM	74972g103
—	Ani Pharmaceuticals Inc	15,805	$958K	0.2%	$55.83	—	COM	00182c103
—	Banco Macro SA Sp ADR B	14,806	$953K	0.2%	$74.24	—	ADR	05961w105
ACNB	ACNB Corp	30,008	$938K	0.2%	$19.57	+11.6%	COM	000868109
CRWS	Crown Crafts Inc	120,626	$935K	0.2%	$4.19	+7.6%	COM	228309100
TLK	P T Telekomunikasi Indonesia S	32,027	$934K	0.2%	$43.71	—	ADR	715684106
—	GP Strategies Corp	32,485	$929K	0.2%	$21.70	—	COM	36225v104
—	American Software Inc Cl A	89,758	$927K	0.2%	$10.28	—	COM	029683109
—	Diamond Hill Investment Group	4,301	$905K	0.2%	$188.46	—	COM	25264r207
—	Dhi Group Inc	144,305	$902K	0.2%	$6.23	—	COM	23331s100
—	Span America Med Systems Inc	48,201	$879K	0.2%	$18.41	—	COM	846396109
DGICA	Donegal Group Inc Cl A	50,013	$874K	0.2%	$10.90	+0.3%	COM	257701201
—	Globant SA	26,089	$870K	0.2%	$39.35	—	ADR	l44385109
—	New York Mtg Tr Inc	131,136	$865K	0.2%	$6.87	—	COM	649604501
—	Penns Woods Bancorp Inc	17,085	$863K	0.2%	$42.56	—	COM	708430103
GTN	Gray Television Inc	78,998	$857K	0.2%	$11.53	-14.9%	COM	389375106
TRNS	Transcat Inc	78,685	$850K	0.2%	$10.13	+3.5%	COM	893529107
ALNT	Allied Motion Technologies Inc	39,457	$844K	0.2%	$13.65	-1.0%	COM	019330109
—	Golub Cap BDC Inc	44,969	$827K	0.2%	$18.06	—	COM	38173m102
BCH	Banco de Chile Sp ADR	11,694	$824K	0.2%	$64.36	—	ADR	059520106
—	Avid Technology Inc	187,334	$824K	0.2%	$5.52	—	COM	05367p100
—	Globalscape Inc Com	199,166	$811K	0.2%	$3.66	—	COM	37940g109
—	Xinyuan Real Estate Co Ltd Sp	158,208	$785K	0.2%	$4.90	—	ADR	98417p105
CLMB	Wayside Technology Group Inc	41,143	$769K	0.2%	$11.63	+16.7%	COM	946760105
—	Iradimed Corp	68,847	$764K	0.2%	$20.04	—	COM	46266a109
—	Blue Cap Reins Holdings Ltd	38,917	$718K	0.2%	$18.45	—	COM	g1190f107
CPK	Chesapeake Utilities Corp	10,643	$713K	0.2%	$36.17	+49.0%	COM	165303108
—	Xerium Technologies Inc	122,532	$689K	0.2%	$6.77	—	COM	98416j118
—	HDFC Bank Ltd ADR Reps 3	10,892	$661K	0.2%	$66.37	—	ADR	40415f101
LNTH	Lantheus Holdings Inc	75,819	$652K	0.2%	$8.93	0.0%	COM	516544103
—	Sequential Brnds Group Inc	130,031	$609K	0.1%	$7.74	—	COM	81734p107
ELMD	Electromed Inc	157,030	$609K	0.1%	$4.31	-4.1%	COM	285409108
—	Silicom Ltd	14,804	$608K	0.1%	$41.07	—	COM	m84116108
—	Stoneridge Inc	32,553	$576K	0.1%	$17.69	—	COM	86183p102
—	Banco Santander Chile Sp ADR	23,200	$507K	0.1%	$20.69	—	ADR	05965x109
—	Hollysys Automation Technologi	22,048	$404K	0.1%	$17.38	—	ADR	g45667105
—	Advanced Semiconductor Engr Sp	72,000	$363K	0.1%	$5.04	—	ADR	00756m404
—	General Motors Co	9,700	$338K	0.1%	$34.85	—	COM	37045v100
CM	Canadian Imperial Bank Comm To	3,024	$247K	0.1%	$25.42	0.0%	COM	136069101
—	Brookfield Asset Mgmt Inc Cl A	7,150	$236K	0.1%	$40.32	—	ADR	112585104
FMS	Fresenius Med Care AG & Co KGA	5,470	$231K	0.1%	$43.69	—	ADR	358029106
—	Svenska Handelsbanken ABM ADR	32,500	$226K	0.1%	$6.95	—	ADR	86959c103
CMWAY	Commonwealth Bank of Australia	3,729	$223K	0.1%	$59.80	—	ADR	202712600
—	Ashtead Group PLC ADR	2,600	$203K	0.0%	$78.08	—	ADR	045055100
—	Fortescue Metals Group Ltd Sp	22,800	$194K	0.0%	$8.51	—	ADR	34959a206