Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	Sap SE Sp ADR	156,433	$15.36M	3.8%	$78.04	—	ADR	803054204
—	Accenture PLC Ireland Class A	105,562	$12.65M	3.1%	$113.29	—	ADR	g1151c101
—	Broadcom Ltd	55,348	$12.12M	3.0%	$155.40	—	ADR	y09827109
—	Netease Inc Sp ADR	38,592	$10.96M	2.7%	$193.22	—	ADR	64110w102
—	Delphi Automotive PLC	119,346	$9.606M	2.4%	$62.80	—	ADR	g27823106
—	TE Connectivity Ltd Reg	119,688	$8.923M	2.2%	$65.29	—	ADR	h84989104
—	Sensata Technologies Holding N	194,737	$8.504M	2.1%	$35.09	—	ADR	n7902x106
—	China Biologic Prods Inc	70,032	$7.012M	1.7%	$106.32	—	ADR	16938c106
TSM	Taiwan Semiconductor Mfg Ltd S	201,852	$6.629M	1.6%	$22.24	—	ADR	874039100
—	Silicon Motion Technology Corp	86,286	$4.034M	1.0%	$47.53	—	ADR	82706c108
—	Chunghwa Telecom Co Ltd Sp ADR	96,599	$3.282M	0.8%	$35.81	—	ADR	17133q502
—	Groupe CGI Inc Cl A	65,451	$3.137M	0.8%	$42.71	—	ADR	39945c109
—	MasterCard Inc Cl A	25,408	$2.858M	0.7%	$88.07	—	COM	57636q104
TM	Toyota Motor Corp Sp ADR 2	26,305	$2.857M	0.7%	$119.87	—	ADR	892331307
—	Companhia de Saneamento Basico	274,127	$2.854M	0.7%	$8.77	—	ADR	20441a102
SNPS	Synopsys Inc	38,728	$2.793M	0.7%	$52.01	+28.7%	COM	871607107
—	Comcast Corp Cl A	73,945	$2.78M	0.7%	$56.36	—	COM	20030n101
APH	Amphenol Corp Cl A	38,424	$2.735M	0.7%	$13.53	+17.6%	COM	032095101
LEA	Lear Corp	19,060	$2.698M	0.7%	$87.39	+36.7%	COM	521865204
—	UnitedHealth Group Inc	16,393	$2.689M	0.7%	$141.20	—	COM	91324p102
OMC	Omnicom Group Inc	30,356	$2.617M	0.6%	$45.48	+37.3%	COM	681919106
—	Nova Measuring Instruments Ltd	140,189	$2.606M	0.6%	$14.09	—	ADR	m7516k103
—	Cisco Systems Inc	77,017	$2.603M	0.6%	$29.47	—	COM	17275r102
JNJ	Johnson & Johnson	20,326	$2.532M	0.6%	$73.15	+27.7%	COM	478160104
FISV	Fiserv Inc	21,932	$2.529M	0.6%	$32.63	+72.0%	COM	337738108
—	Spectrum Brands Holdings Inc	18,151	$2.523M	0.6%	$137.68	—	COM	84763r101
—	Bard C R Inc	10,075	$2.504M	0.6%	$248.54	—	COM	067383109
AAPL	Apple Inc	17,326	$2.489M	0.6%	$27.88	+9.2%	COM	037833100
—	Vantiv Inc Cl A	38,686	$2.481M	0.6%	$56.61	—	COM	92210h105
SWK	Stanley Black & Decker Inc	18,639	$2.477M	0.6%	$78.58	+26.0%	COM	854502101
GD	General Dynamics Corp	13,193	$2.47M	0.6%	$90.04	+68.9%	COM	369550108
SYK	Stryker Corp	18,749	$2.468M	0.6%	$88.14	+29.9%	COM	863667101
ITW	Illinois Tool Works Inc	18,558	$2.458M	0.6%	$92.87	+12.6%	COM	452308109
—	Relx NV Sp ADR	132,375	$2.457M	0.6%	$17.41	—	ADR	75955b102
EFX	Equifax Inc	17,589	$2.405M	0.6%	$88.82	+31.9%	COM	294429105
DIS	Disney Walt Co Disney	21,154	$2.399M	0.6%	$83.17	+23.9%	COM	254687106
DHR	Danaher Corp	27,992	$2.394M	0.6%	$30.67	+132.4%	COM	235851102
—	Exelon Corp	66,455	$2.391M	0.6%	$35.50	—	COM	30161n101
—	Verisk Analytics Inc	29,027	$2.355M	0.6%	$81.09	—	COM	92345y106
—	AON PLC Cl A	19,732	$2.342M	0.6%	$111.54	—	COM	g0408v102
MCO	Moodys Corp	20,674	$2.316M	0.6%	$77.00	+28.4%	COM	615369105
—	Raytheon Co	15,105	$2.303M	0.6%	$138.63	—	COM	755111507
—	Quintiles Transnatio Holdings	28,549	$2.299M	0.6%	$80.94	—	COM	74876y101
PFE	Pfizer Inc	66,467	$2.274M	0.6%	$18.71	+14.4%	COM	717081103
CCK	Crown Holdings Inc	42,902	$2.272M	0.6%	$50.98	-0.4%	COM	228368106
CM	Canadian Imperial Bank Comm To	26,322	$2.269M	0.6%	$28.16	+1.3%	COM	136069101
ABBNY	ABB Ltd Sp ADR	94,959	$2.222M	0.6%	$19.47	—	ADR	000375204
—	Icon PLC	27,657	$2.205M	0.5%	$70.01	—	ADR	g4705a100
CAE	CAE Inc	143,804	$2.199M	0.5%	$12.92	+8.7%	COM	124765108
DSGX	Descartes Systems Group Inc	95,789	$2.194M	0.5%	$18.90	+16.5%	ADR	249906108
ITUB	Itau Unibanco Holding SA Sp AD	179,917	$2.172M	0.5%	$12.07	—	COM	465562106
—	Lam Research Corp	16,912	$2.171M	0.5%	$92.89	—	COM	512807108
—	Ferrari NV	28,829	$2.144M	0.5%	$74.37	—	COM	n3167y103
—	LyondellBasell Industries NV A	23,120	$2.108M	0.5%	$85.77	—	ADR	n53745100
—	Diageo PLC Sp ADR	18,178	$2.101M	0.5%	$112.93	—	ADR	25243q205
—	Ambev SA Sp ADR	353,622	$2.037M	0.5%	$5.76	—	ADR	02319v103
BTI	British American Tobacco PLC S	30,122	$1.998M	0.5%	$98.00	—	ADR	110448107
RY	Royal Bank of Canada Montreal	27,296	$1.99M	0.5%	$51.99	+39.4%	ADR	780087102
—	Orbotech Ltd	60,652	$1.956M	0.5%	$33.37	—	COM	m75253100
MGA	Magna Intl Inc	44,040	$1.901M	0.5%	$33.44	0.0%	COM	559222401
—	Alibaba Group Holding Ltd Sp A	16,952	$1.828M	0.5%	$80.36	—	ADR	01609w102
—	NTT Docomo Inc Sp ADR	77,629	$1.813M	0.5%	$25.41	—	ADR	62942m201
IT	Gartner Inc	16,617	$1.794M	0.4%	$85.30	+20.8%	COM	366651107
ARW	Arrow Electronics Inc	23,925	$1.756M	0.4%	$64.59	+13.4%	COM	042735100
TXN	Texas Instruments Inc	21,767	$1.754M	0.4%	$37.15	+63.2%	COM	882508104
—	S&P Global Inc	13,400	$1.752M	0.4%	$107.26	—	COM	78409v104
—	Chimera Inv Corp	85,780	$1.731M	0.4%	$20.18	—	COM	16934q208
—	Visa Inc Cl A	19,201	$1.706M	0.4%	$74.19	—	COM	92826c839
ECL	Ecolab Inc	13,600	$1.705M	0.4%	$98.12	+13.2%	COM	278865100
PEP	PepsiCo Inc	15,151	$1.695M	0.4%	$67.69	+21.0%	COM	713448108
—	General Motors Co	47,244	$1.671M	0.4%	$35.26	—	COM	37045v100
DLX	Deluxe Corp	23,137	$1.67M	0.4%	$37.93	+31.7%	COM	248019101
—	Oracle Corp	37,261	$1.662M	0.4%	$40.66	—	COM	68389x105
—	Mobile Telesystems PJSC Sp ADR	149,200	$1.646M	0.4%	$9.25	—	COM	607409109
HCKT	Hackett Group Inc	83,904	$1.635M	0.4%	$10.37	+73.5%	COM	404609109
MTD	Mettler Toledo International	3,364	$1.611M	0.4%	$457.08	0.0%	COM	592688105
HON	Honeywell Intl Inc	12,900	$1.611M	0.4%	$72.17	+27.4%	COM	438516106
—	Chase Corp	16,888	$1.611M	0.4%	$59.09	—	COM	16150r104
—	Allegion Pub Ltd Co	21,109	$1.598M	0.4%	$64.02	—	COM	g0176j109
JKHY	Henry Jack & Assoc Inc	17,119	$1.594M	0.4%	$59.71	+38.9%	COM	426281101
UGI	UGI Corp	32,157	$1.589M	0.4%	$34.39	+38.2%	COM	902681105
ROP	Roper Technologies Inc	7,630	$1.576M	0.4%	$149.30	+27.4%	COM	776696106
—	WNS Holdings Ltd Sp ADR	55,003	$1.574M	0.4%	$27.46	—	ADR	92932m101
NATH	Nathans Famous Inc	24,787	$1.553M	0.4%	$43.68	+41.3%	COM	632347100
—	Merck & Co Inc	24,183	$1.537M	0.4%	$58.85	—	COM	58933y105
FFIV	F5 Networks Inc	10,750	$1.533M	0.4%	$135.48	+5.3%	COM	315616102
—	Ingersoll-Rand PLC	18,800	$1.529M	0.4%	$81.33	—	COM	g47791101
—	Novanta Inc	57,138	$1.517M	0.4%	$15.44	—	ADR	67000b104
PEG	Public Service Enterprise Grou	34,101	$1.512M	0.4%	$28.40	+14.7%	COM	744573106
—	Argan Inc	22,604	$1.495M	0.4%	$41.71	—	COM	04010e109
FDS	FactSet Research Systems Inc	9,030	$1.489M	0.4%	$138.53	+15.3%	COM	303075105
—	Elbit Systems Ltd	13,104	$1.489M	0.4%	$90.94	—	COM	m3760d101
WINA	Winmark Corp	13,071	$1.477M	0.4%	$81.12	+41.1%	COM	974250102
—	FedEx Corp	7,540	$1.471M	0.4%	$186.24	—	COM	31428x106
AZO	AutoZone Inc	2,025	$1.464M	0.4%	$680.93	+8.7%	COM	053332102
—	Credicorp Ltd	8,963	$1.464M	0.4%	$154.92	—	ADR	g2519y108
—	Amdocs Ltd	23,900	$1.458M	0.4%	$57.72	—	ADR	g02602103
IX	ORIX Corp Sp ADR	19,583	$1.456M	0.4%	$71.38	—	ADR	686330101
HSIC	Schein Henry Inc	8,411	$1.43M	0.4%	$57.21	+13.6%	COM	806407102
AME	Ametek Inc	26,300	$1.422M	0.4%	$50.18	-0.9%	COM	031100100
TLK	P T Telekomunikasi Indonesia S	45,289	$1.412M	0.4%	$40.04	—	ADR	715684106
—	Kadant Inc	23,712	$1.407M	0.3%	$51.49	—	COM	48282t104
—	IHS Markit Ltd	33,369	$1.4M	0.3%	$37.55	—	COM	g47567105
—	Medifast Inc	31,008	$1.376M	0.3%	$35.04	—	COM	58470h101
KINS	Kingstone Cos Inc	85,828	$1.369M	0.3%	$7.48	+56.6%	COM	496719105
LNTH	Lantheus Holdings Inc	109,428	$1.368M	0.3%	$9.44	+12.1%	COM	516544103
—	Banco Macro SA Sp ADR B	15,696	$1.361M	0.3%	$74.94	—	ADR	05961w105
CBZ	CBIZ Inc	99,552	$1.349M	0.3%	$9.23	+45.5%	COM	124805102
—	Access National Corp	44,808	$1.345M	0.3%	$20.66	—	COM	004337101
—	Insurance Holdings Inc	54,694	$1.34M	0.3%	$18.58	—	COM	91359v107
—	Mcbc Holdings Inc	82,718	$1.338M	0.3%	$11.97	—	COM	55276f107
—	LHC Group Inc	24,406	$1.315M	0.3%	$42.90	—	COM	50187a107
—	Entercom Communications Corp C	91,925	$1.315M	0.3%	$12.37	—	COM	293639100
—	Meet Group Inc	223,048	$1.314M	0.3%	$5.89	—	COM	58513u101
—	CRH Medical Corp	160,035	$1.312M	0.3%	$3.91	—	COM	12626f105
PLUS	ePlus Inc	9,703	$1.31M	0.3%	$16.09	+90.5%	COM	294268107
—	Fortive Corp	21,700	$1.307M	0.3%	$50.89	—	COM	34959j108
—	Tripod Technology TWD	460,000	$1.296M	0.3%	$2.82	—	COM	y8974x105
—	Spark Energy Inc Cl A	40,510	$1.294M	0.3%	$33.05	—	COM	846511103
CIVB	Civista Bancshares Inc	58,018	$1.286M	0.3%	$11.18	+53.7%	COM	178867107
—	Natural Health Trends Corp	44,065	$1.273M	0.3%	$28.19	—	COM	63888p406
CCS	Century Communities Inc	48,411	$1.23M	0.3%	$16.71	+29.7%	COM	156504300
—	Stonegate Bank Ft Lauderdale F	26,007	$1.225M	0.3%	$30.78	—	COM	861811107
—	SciClone Pharmaceuticals Inc	123,428	$1.21M	0.3%	$12.50	—	COM	80862k104
—	Sucampo Pharmaceuticals Inc Cl	109,023	$1.199M	0.3%	$11.37	—	COM	864909106
UNTY	Unity Bancorp Inc	70,054	$1.187M	0.3%	$8.99	+61.4%	COM	913290102
—	Douglas Dynamics Inc	38,610	$1.183M	0.3%	$25.74	—	COM	25960r105
HIFS	Hingham Inst Savings MA	6,556	$1.159M	0.3%	$93.87	+80.8%	COM	433323102
—	Ies Holdings Inc	64,017	$1.159M	0.3%	$17.79	—	COM	44951w106
—	Scripps Networks Interact Inc	14,722	$1.154M	0.3%	$78.39	—	COM	811065101
GTN	Gray Television Inc	78,998	$1.145M	0.3%	$11.53	+9.8%	COM	389375106
—	Pzena Investment Mgmt Inc Clas	115,591	$1.137M	0.3%	$7.61	—	COM	74731q103
—	Great Ajax Corp	86,823	$1.133M	0.3%	$13.87	—	COM	38983d300
—	Reata Pharmaceuticals Inc Cl A	50,012	$1.133M	0.3%	$20.83	—	COM	75615p103
—	Armada Hoffler Properties Inc	81,374	$1.13M	0.3%	$13.74	—	COM	04208t108
—	US Physical Therapy Inc	17,253	$1.127M	0.3%	$60.20	—	COM	90337l108
—	Tata Motors Ltd Sp ADR	31,552	$1.125M	0.3%	$35.66	—	ADR	876568502
—	Insteel Industries Inc	31,008	$1.121M	0.3%	$28.61	—	COM	45774w108
—	Bryn Mawr Bank Corp	28,023	$1.107M	0.3%	$29.71	—	COM	117665109
EFSC	Enterprise Financial Services	26,007	$1.103M	0.3%	$21.04	+71.5%	COM	293712105
BMRC	Bank of Marin Bancorp	17,129	$1.102M	0.3%	$18.04	+41.3%	COM	063425102
TCBK	Trico Bancshares	31,022	$1.102M	0.3%	$26.30	+35.0%	COM	896095106
—	Nv5 Global Inc	29,026	$1.091M	0.3%	$28.43	—	COM	62945v109
—	NCI Inc Cl A	72,334	$1.089M	0.3%	$14.05	—	COM	62886k104
—	MainSource Financial Group Inc	33,011	$1.087M	0.3%	$22.04	—	COM	56062y102
OFLX	Omega Flex Inc	22,740	$1.087M	0.3%	$34.46	+37.1%	COM	682095104
—	Almost Family Inc	22,306	$1.084M	0.3%	$44.96	—	COM	020409108
—	Nautilus Inc	59,014	$1.077M	0.3%	$18.13	—	COM	63910b102
OLP	One Liberty Properties Inc	46,011	$1.075M	0.3%	$24.93	—	COM	682406103
FONR	Fonar Corp	61,186	$1.074M	0.3%	$13.67	+37.9%	COM	344437405
—	BioSpecifics Technologies Corp	19,592	$1.074M	0.3%	$32.38	—	COM	090931106
—	RPX Corp	89,018	$1.068M	0.3%	$9.17	—	COM	74972g103
—	Omega Protein Corp	52,914	$1.061M	0.3%	$20.00	—	COM	68210p107
—	Landmark Bancorp Inc	35,346	$1.048M	0.3%	$25.47	—	COM	51504l107
—	Fly Leasing Ltd Sp ADR	79,818	$1.047M	0.3%	$9.94	—	ADR	34407d109
UTL	Unitil Corp	23,004	$1.036M	0.3%	$44.93	0.0%	COM	913259107
WASH	Washington Tr Bancorp	20,905	$1.031M	0.3%	$23.01	+44.9%	COM	940610108
UTMD	Utah Med Prods Inc	16,525	$1.03M	0.3%	$56.13	+12.1%	COM	917488108
KFRC	Kforce Inc	43,108	$1.024M	0.3%	$17.33	+37.6%	COM	493732101
SYBT	Stock Yds Bancorp Inc	25,057	$1.019M	0.3%	$25.58	+72.5%	COM	861025104
—	West Bancorporation Inc Cap St	44,322	$1.017M	0.3%	$18.59	—	COM	95123p106
—	Span America Med Systems Inc	48,201	$1.016M	0.3%	$18.41	—	COM	846396109
FISI	Financial Instns Inc	30,835	$1.016M	0.3%	$16.37	+38.1%	COM	317585404
—	Supreme Industries Inc Cl A	50,010	$1.013M	0.3%	$20.26	—	COM	868607102
NX	Quanex Building Products Corp	50,011	$1.013M	0.3%	$17.47	0.0%	COM	747619104
—	Perficient Inc	58,116	$1.009M	0.3%	$20.32	—	COM	71375u101
—	State Natl Cos Inc	70,018	$1.008M	0.3%	$14.40	—	COM	85711t305
—	CPI Card Group Inc	240,067	$1.008M	0.3%	$5.00	—	COM	12634h101
TRNS	Transcat Inc	78,685	$999K	0.2%	$10.13	+14.8%	COM	893529107
—	Ari Network Services Inc	191,042	$993K	0.2%	$5.40	—	COM	001930205
CRWS	Crown Crafts Inc	120,628	$992K	0.2%	$4.19	-2.3%	COM	228309100
UVSP	Univest Corp PA	38,113	$987K	0.2%	$19.88	+41.0%	COM	915271100
—	Avid Technology Inc	211,355	$985K	0.2%	$5.42	—	COM	05367p100
—	Mesa Laboratories Inc	8,020	$984K	0.2%	$121.54	—	COM	59064r109
NPK	National Presto Industries Inc	9,603	$981K	0.2%	$74.77	+38.0%	COM	637215104
DGICA	Donegal Group Inc Cl A	54,013	$952K	0.2%	$10.95	+5.4%	COM	257701201
—	Globant SA	26,089	$950K	0.2%	$39.35	—	ADR	l44385109
HNNA	Hennessy Advisors Inc	56,485	$950K	0.2%	$19.34	-4.9%	COM	425885100
—	Resources Connection Inc	56,211	$942K	0.2%	$14.94	—	COM	76122q105
PETS	PetMed Express Inc	46,461	$936K	0.2%	$17.21	+22.9%	COM	716382106
—	EMC Ins Group Inc	33,171	$931K	0.2%	$27.95	—	COM	268664109
—	American Software Inc Cl A	89,759	$923K	0.2%	$10.28	—	COM	029683109
MRCC	Monroe Cap Corp	58,013	$913K	0.2%	$5.47	0.0%	COM	610335101
—	Vectrus Inc	40,708	$910K	0.2%	$15.76	—	COM	92242t101
GSBC	Great Southern Bancorp Inc	17,805	$899K	0.2%	$39.28	+29.4%	COM	390905107
—	Golub Cap BDC Inc	44,972	$894K	0.2%	$18.06	—	COM	38173m102
CLMB	Wayside Technology Group Inc	47,143	$886K	0.2%	$11.94	+17.7%	COM	946760105
CHCO	City Holding Co	13,659	$881K	0.2%	$33.03	+52.4%	COM	177835105
—	Blue Cap Reins Holdings Ltd	45,017	$869K	0.2%	$18.57	—	COM	g1190f107
ACNB	ACNB Corp	30,008	$866K	0.2%	$19.57	+15.0%	COM	000868109
FDUS	Fidus Inv Corp	49,009	$861K	0.2%	$6.15	0.0%	COM	316500107
—	Advanced Semiconductor Engr Sp	131,952	$855K	0.2%	$5.70	—	ADR	00756m404
—	Xerium Technologies Inc	133,032	$851K	0.2%	$6.74	—	COM	98416j118
—	Diamond Hill Investment Group	4,301	$837K	0.2%	$188.46	—	COM	25264r207
—	GP Strategies Corp	32,485	$822K	0.2%	$21.70	—	COM	36225v104
—	AT&T Inc	19,514	$811K	0.2%	$40.61	—	COM	00206r102
—	New York Mtg Tr Inc	131,137	$809K	0.2%	$6.87	—	COM	649604501
—	Planet Payment Inc	200,039	$796K	0.2%	$3.98	—	COM	u72603118
ALNT	Allied Motion Technologies Inc	39,457	$793K	0.2%	$13.65	+4.7%	COM	019330109
—	Nanometrics Inc	26,000	$792K	0.2%	$30.46	—	COM	630077105
BCH	Banco de Chile Sp ADR	10,908	$787K	0.2%	$64.36	—	ADR	059520106
—	Ani Pharmaceuticals Inc	15,805	$783K	0.2%	$55.83	—	COM	00182c103
—	Globalscape Inc Com	199,166	$781K	0.2%	$3.66	—	COM	37940g109
—	Stoneridge Inc	42,853	$777K	0.2%	$17.80	—	COM	86183p102
ELMD	Electromed Inc	157,030	$774K	0.2%	$4.31	+3.5%	COM	285409108
—	HDFC Bank Ltd ADR Reps 3	10,120	$761K	0.2%	$66.37	—	ADR	40415f101
—	Xinyuan Real Estate Co Ltd Sp	170,239	$751K	0.2%	$4.86	—	ADR	98417p105
—	Penns Woods Bancorp Inc	17,085	$742K	0.2%	$42.56	—	COM	708430103
CPK	Chesapeake Utilities Corp	10,643	$737K	0.2%	$36.17	+56.1%	COM	165303108
—	Silicom Ltd	14,804	$735K	0.2%	$41.07	—	COM	m84116108
SPG	Simon Property Group Inc	4,271	$735K	0.2%	$102.54	+8.8%	COM	828806109
—	Exxon Mobile Corp	8,145	$668K	0.2%	$82.01	—	COM	30231g102
WFC	Wells Fargo & Co	11,863	$660K	0.2%	$44.36	0.0%	COM	949746101
—	Discover Financial Services	8,953	$612K	0.2%	$72.09	—	COM	254709108
USB	US Bancorp Del	11,867	$611K	0.2%	$38.07	0.0%	COM	902973304
—	Banco Santander Chile Sp ADR	22,042	$553K	0.1%	$20.69	—	ADR	05965x109
ANIK	Anika Therapeutics Inc	12,002	$521K	0.1%	$47.74	0.0%	COM	035255108
—	Brookfield Asset Mgmt Inc Cl A	7,150	$261K	0.1%	$40.32	—	ADR	112585104
—	KB Financial Group Inc Sp ADR	5,569	$245K	0.1%	$43.99	—	ADR	48241a105
CIGI	Colliers Intl Group Inc	5,000	$236K	0.1%	$41.92	0.0%	ADR	194693107
FMS	Fresenius Med Care AG & Co KGA	5,470	$230K	0.1%	$43.69	—	ADR	358029106
—	Power Financial Corp	8,500	$225K	0.1%	$26.47	—	COM	73927c100
TD	Toronto Dominion Bank Ont	4,337	$217K	0.1%	$51.10	0.0%	COM	891160509