Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	Sap SE Sp ADR	161,092	$17.66M	4.7%	$79.42	—	ADR	803054204
—	Alibaba Group Holding Ltd Sp A	72,838	$12.58M	3.4%	$126.75	—	ADR	01609w102
—	Netease Inc Sp ADR	34,214	$9.026M	2.4%	$193.22	—	ADR	64110w102
—	Vedanta Ltd Sp ADR	371,120	$7.185M	1.9%	$19.36	—	ADR	92242y100
TSM	Taiwan Semiconductor Mfg Ltd S	179,292	$6.732M	1.8%	$24.53	—	ADR	874039100
—	Accenture PLC Ireland Class A	34,559	$4.668M	1.3%	$113.29	—	ADR	g1151c101
—	TE Connectivity Ltd Reg	46,237	$3.84M	1.0%	$65.29	—	ADR	h84989104
—	Delphi Automotive PLC	38,843	$3.822M	1.0%	$62.80	—	ADR	g27823106
—	Broadcom Ltd	14,084	$3.416M	0.9%	$155.40	—	ADR	y09827109
TM	Toyota Motor Corp Sp ADR 2	26,263	$3.13M	0.8%	$119.87	—	ADR	892331307
—	MasterCard Inc Cl A	21,784	$3.076M	0.8%	$89.77	—	COM	57636q104
LEA	Lear Corp	17,608	$3.048M	0.8%	$88.67	+44.6%	COM	521865204
APH	Amphenol Corp Cl A	35,521	$3.006M	0.8%	$13.67	+32.6%	COM	032095101
—	Lam Research Corp	15,981	$2.957M	0.8%	$92.89	—	COM	512807108
SNPS	Synopsys Inc	36,027	$2.901M	0.8%	$52.86	+46.8%	COM	871607107
—	UnitedHealth Group Inc	14,660	$2.871M	0.8%	$142.94	—	COM	91324p102
MCO	Moodys Corp	20,150	$2.805M	0.8%	$78.51	+55.3%	COM	615369105
AAPL	Apple Inc	17,671	$2.724M	0.7%	$28.17	+28.3%	COM	037833100
—	AON PLC Cl A	18,304	$2.674M	0.7%	$112.62	—	COM	g0408v102
FISV	Fiserv Inc	20,407	$2.632M	0.7%	$33.61	+84.9%	COM	337738108
—	Raytheon Co	13,977	$2.608M	0.7%	$140.25	—	COM	755111507
SWK	Stanley Black & Decker Inc	17,265	$2.606M	0.7%	$79.67	+43.7%	COM	854502101
—	Facebook Inc Cl A	15,173	$2.593M	0.7%	$151.65	—	COM	30303m102
MTD	Mettler Toledo International	4,125	$2.583M	0.7%	$478.85	+25.4%	COM	592688105
—	Quintiles Transnatio Holdings	26,404	$2.51M	0.7%	$81.35	—	COM	74876y101
—	Relx NV Sp ADR	116,696	$2.489M	0.7%	$17.41	—	ADR	75955b102
CAE	CAE Inc	141,315	$2.477M	0.7%	$12.92	+26.1%	COM	124765108
—	FedEx Corp	10,960	$2.472M	0.7%	$196.21	—	COM	31428x106
ITW	Illinois Tool Works Inc	16,623	$2.46M	0.7%	$93.60	+24.0%	COM	452308109
—	Sirius XM Holdings Inc	444,785	$2.455M	0.7%	$5.47	—	COM	82968b103
—	Comcast Corp Cl A	63,722	$2.452M	0.7%	$55.83	—	COM	20030n101
—	Icon PLC	21,209	$2.415M	0.6%	$70.01	—	ADR	g4705a100
—	Cisco Systems Inc	71,772	$2.414M	0.6%	$29.61	—	COM	17275r102
—	CGI Groupe Inc Cl A	46,416	$2.408M	0.6%	$42.71	—	ADR	39945c109
—	Diageo PLC Sp ADR	18,177	$2.402M	0.6%	$112.93	—	ADR	25243q205
—	CenterPoint Energy Inc	82,109	$2.398M	0.6%	$29.21	—	COM	15189t107
CCK	Crown Holdings Inc	40,150	$2.398M	0.6%	$51.16	+10.1%	COM	228368106
JNJ	Johnson & Johnson	18,419	$2.395M	0.6%	$74.18	+41.5%	COM	478160104
GD	General Dynamics Corp	11,530	$2.37M	0.6%	$92.50	+79.9%	COM	369550108
SYK	Stryker Corp	16,664	$2.367M	0.6%	$89.33	+46.4%	COM	863667101
—	Exelon Corp	62,192	$2.343M	0.6%	$35.57	—	COM	30161n101
—	Check Point Software Tech Ltd	20,480	$2.335M	0.6%	$109.09	—	ADR	m22465104
PEP	PepsiCo Inc	20,672	$2.303M	0.6%	$73.20	+22.1%	COM	713448108
—	LyondellBasell Industries NV A	23,122	$2.29M	0.6%	$85.77	—	ADR	n53745100
PFE	Pfizer Inc	63,559	$2.269M	0.6%	$18.83	+18.2%	COM	717081103
DHR	Danaher Corp	26,142	$2.243M	0.6%	$31.98	+122.2%	COM	235851102
—	Verisk Analytics Inc	26,927	$2.24M	0.6%	$81.15	—	COM	92345y106
—	KB Financial Group Inc Sp ADR	45,168	$2.215M	0.6%	$48.42	—	ADR	48241a105
ABBNY	ABB Ltd Sp ADR	87,818	$2.174M	0.6%	$19.47	—	ADR	000375204
RY	Royal Bank of Canada Montreal	27,299	$2.112M	0.6%	$51.99	+43.6%	ADR	780087102
ITUB	Itau Unibanco Holding SA Sp AD	151,316	$2.073M	0.6%	$11.91	—	ADR	465562106
CNI	Canadian National Railway Co	24,928	$2.065M	0.6%	$69.39	0.0%	COM	136375102
FMS	Fresenius Med Care AG & Co KGA	40,848	$1.997M	0.5%	$47.77	—	ADR	358029106
CM	Canadian Imperial Bank Comm To	22,504	$1.97M	0.5%	$28.16	+2.0%	COM	136069101
MGA	Magna Intl Inc	36,695	$1.959M	0.5%	$33.44	+12.3%	COM	559222401
OMC	Omnicom Group Inc	26,357	$1.952M	0.5%	$45.77	+24.8%	COM	681919106
BA	Boeing Co	7,211	$1.833M	0.5%	$174.89	+26.0%	COM	097023105
—	Companhia de Saneamento Basico	174,875	$1.829M	0.5%	$8.77	—	ADR	20441a102
DIS	Disney Walt Co Disney	18,511	$1.825M	0.5%	$83.56	+16.0%	COM	254687106
—	Ichor Holdings	66,012	$1.769M	0.5%	$21.66	—	COM	g4740b105
—	Wyndham Worldwide Corp	16,000	$1.687M	0.5%	$100.44	—	COM	98310w108
—	Mcbc Holdings Inc	82,718	$1.686M	0.5%	$11.97	—	COM	55276f107
TXN	Texas Instruments Inc	18,561	$1.664M	0.4%	$37.15	+75.5%	COM	882508104
WINA	Winmark Corp	12,571	$1.656M	0.4%	$81.12	+61.5%	COM	974250102
FONR	Fonar Corp	54,181	$1.653M	0.4%	$13.67	+106.5%	COM	344437405
ARW	Arrow Electronics Inc	20,474	$1.646M	0.4%	$64.59	+22.3%	COM	042735100
—	Vale SA ADR	163,247	$1.644M	0.4%	$10.07	—	ADR	91912e105
CBZ	CBIZ Inc	99,741	$1.621M	0.4%	$9.23	+63.2%	COM	124805102
PLUS	ePlus Inc	17,437	$1.612M	0.4%	$25.01	+63.2%	COM	294268107
—	Visa Inc Cl A	15,251	$1.605M	0.4%	$74.19	—	COM	92826c839
TMO	Thermo Fisher Scientific Inc	8,390	$1.587M	0.4%	$164.09	+7.9%	COM	883556102
—	Vantiv Inc Cl A	22,527	$1.587M	0.4%	$56.61	—	COM	92210h105
ROP	Roper Technologies Inc	6,470	$1.575M	0.4%	$149.30	+49.7%	COM	776696106
—	Allegion Pub Ltd Co	18,123	$1.567M	0.4%	$64.02	—	COM	g0176j109
—	Consolidated Tomoka Land Co	26,007	$1.562M	0.4%	$57.42	—	COM	210226106
IT	Gartner Inc	12,436	$1.547M	0.4%	$85.30	+44.9%	COM	366651107
HON	Honeywell Intl Inc	10,900	$1.545M	0.4%	$72.17	+44.6%	COM	438516106
—	S&P Global Inc	9,860	$1.541M	0.4%	$107.26	—	COM	78409v104
—	Oracle Corp	31,861	$1.54M	0.4%	$40.66	—	COM	68389x105
—	AerCap Holdings NV	29,900	$1.528M	0.4%	$51.10	—	COM	n00985106
—	Ani Pharmaceuticals Inc	29,007	$1.523M	0.4%	$52.31	—	COM	00182c103
—	Argan Inc	22,609	$1.52M	0.4%	$41.71	—	COM	04010e109
—	Ingersoll-Rand PLC	17,001	$1.516M	0.4%	$81.33	—	COM	g47791101
EMN	Eastman Chem Co	16,701	$1.511M	0.4%	$61.27	+4.6%	COM	277432100
—	Adobe Systems Inc	10,030	$1.496M	0.4%	$141.48	—	COM	00724f101
AME	Ametek Inc	22,600	$1.493M	0.4%	$50.18	+19.1%	COM	031100100
—	Medifast Inc	25,007	$1.485M	0.4%	$35.04	—	COM	58470h101
ECL	Ecolab Inc	11,550	$1.485M	0.4%	$98.12	+22.4%	COM	278865100
—	Sucampo Pharmaceuticals Inc Cl	125,032	$1.475M	0.4%	$11.18	—	COM	864909106
—	B Riley Financial Inc	86,021	$1.467M	0.4%	$18.22	—	COM	05580m108
—	Kadant Inc	14,809	$1.459M	0.4%	$51.49	—	COM	48282t104
—	Nova Measuring Instruments Ltd	51,531	$1.449M	0.4%	$14.09	—	ADR	m7516k103
—	Chase Corp	12,987	$1.447M	0.4%	$59.09	—	COM	16150r104
HCKT	Hackett Group Inc	92,904	$1.411M	0.4%	$10.81	+37.8%	COM	404609109
—	Chunghwa Telecom Co Ltd Sp ADR	40,980	$1.398M	0.4%	$35.81	—	ADR	17133q502
—	Priceline Group Inc	762	$1.395M	0.4%	$1870.08	—	COM	741503403
—	LHC Group Inc	19,249	$1.365M	0.4%	$42.90	—	COM	50187a107
VSEC	VSE Corp	24,006	$1.365M	0.4%	$41.35	+12.9%	COM	918284100
COHU	Cohu Inc	57,013	$1.359M	0.4%	$18.29	0.0%	COM	192576106
—	Goldfield Corp	213,050	$1.342M	0.4%	$5.58	—	COM	381370105
ACLS	Axcelis Technologies Inc	49,007	$1.34M	0.4%	$22.14	0.0%	COM	054540208
NATH	Nathans Famous Inc	18,085	$1.337M	0.4%	$43.68	+46.0%	COM	632347100
KINS	Kingstone Cos Inc	81,828	$1.334M	0.4%	$7.48	+77.3%	COM	496719105
—	Malibu Boats Inc Cl A	42,010	$1.329M	0.4%	$31.64	—	COM	56117j100
—	Insurance Holdings Inc	57,740	$1.328M	0.4%	$18.81	—	COM	91359v107
—	Merck & Co Inc	20,681	$1.324M	0.4%	$58.85	—	COM	58933y105
—	Fortive Corp	18,650	$1.32M	0.4%	$50.89	—	COM	34959j108
—	Everest Reinsurance Group Ltd	5,770	$1.318M	0.4%	$254.59	—	ADR	g3223r108
—	Jernigan Cap Inc	64,017	$1.316M	0.4%	$21.86	—	COM	476405105
AGM	Federal Agric Mtg Corp Cl C	18,004	$1.31M	0.4%	$50.87	0.0%	COM	313148306
UNTY	Unity Bancorp Inc	66,153	$1.31M	0.4%	$8.99	+75.2%	COM	913290102
EARN	Ellington Residential Mtg REIT	90,020	$1.307M	0.4%	$14.64	—	COM	288578107
ADUS	Addus Homecare Corp	37,008	$1.306M	0.4%	$35.80	-1.7%	COM	006739106
—	Nv5 Global Inc	23,726	$1.297M	0.3%	$28.43	—	COM	62945v109
CIVB	Civista Bancshares Inc	58,018	$1.296M	0.3%	$11.18	+47.0%	COM	178867107
—	Whitehorse Fin Inc	87,379	$1.289M	0.3%	$13.46	—	COM	96524v106
—	Perficient Inc	65,116	$1.281M	0.3%	$20.25	—	COM	71375u101
OFLX	Omega Flex Inc	17,740	$1.274M	0.3%	$34.46	+81.5%	COM	682095104
TRNS	Transcat Inc	93,985	$1.274M	0.3%	$10.60	+22.6%	COM	893529107
RDNT	RadNet Inc	110,036	$1.271M	0.3%	$6.81	+34.3%	COM	750491102
HOMB	Home Bancshares Inc	50,377	$1.27M	0.3%	$24.02	0.0%	COM	436893200
—	Natural Health Trends Corp	53,066	$1.268M	0.3%	$27.46	—	COM	63888p406
TCBK	Trico Bancshares	31,022	$1.264M	0.3%	$26.30	+37.1%	COM	896095106
—	Vectrus Inc	40,708	$1.255M	0.3%	$15.76	—	COM	92242t101
—	IHS Markit Ltd	28,470	$1.255M	0.3%	$37.55	—	COM	g47567105
HIFS	Hingham Inst Savings MA	6,556	$1.247M	0.3%	$93.87	+76.2%	COM	433323102
—	Stoneridge Inc	62,859	$1.245M	0.3%	$17.04	—	COM	86183p102
GTN	Gray Television Inc	78,998	$1.24M	0.3%	$11.53	+24.0%	COM	389375106
MPAA	Motorcar Pts America Inc	42,009	$1.238M	0.3%	$27.10	0.0%	COM	620071100
—	Bryn Mawr Bank Corp	28,023	$1.227M	0.3%	$29.71	—	COM	117665109
—	Great Ajax Corp	86,825	$1.223M	0.3%	$13.87	—	COM	38983d300
—	Douglas Dynamics Inc	31,011	$1.222M	0.3%	$25.74	—	COM	25960r105
UTMD	Utah Med Prods Inc	16,525	$1.215M	0.3%	$56.13	+28.1%	COM	917488108
—	Mesa Laboratories Inc	8,020	$1.198M	0.3%	$121.54	—	COM	59064r109
WASH	Washington Tr Bancorp	20,905	$1.197M	0.3%	$23.01	+43.3%	COM	940610108
CCS	Century Communities Inc	48,411	$1.196M	0.3%	$16.71	+36.0%	COM	156504300
CDNS	Cadence Design System Inc	30,300	$1.196M	0.3%	$36.84	0.0%	COM	127387108
DAIO	Data I O Corp	120,023	$1.195M	0.3%	$8.55	0.0%	COM	237690102
LNTH	Lantheus Holdings Inc	67,021	$1.193M	0.3%	$9.44	+86.2%	COM	516544103
UTL	Unitil Corp	24,004	$1.187M	0.3%	$45.13	+10.3%	COM	913259107
—	WNS Holdings Ltd Sp ADR	32,437	$1.184M	0.3%	$27.46	—	ADR	92932m101
—	MainSource Financial Group Inc	33,011	$1.184M	0.3%	$22.04	—	COM	56062y102
—	RPX Corp	89,018	$1.182M	0.3%	$9.17	—	COM	74972g103
—	MSCI Inc	10,100	$1.181M	0.3%	$116.93	—	COM	55354g100
—	Turning Pt Brands Inc	69,000	$1.173M	0.3%	$17.00	—	COM	90041l105
BMRC	Bank of Marin Bancorp	17,129	$1.173M	0.3%	$18.04	+36.1%	COM	063425102
—	Handy & Harman Ltd	36,009	$1.172M	0.3%	$32.55	—	COM	410315105
NWFL	Norwood Financial Corp	38,000	$1.16M	0.3%	$28.81	0.0%	COM	669549107
NX	Quanex Building Products Corp	50,011	$1.148M	0.3%	$17.47	+4.5%	COM	747619104
—	Spark Energy Inc Cl A	76,021	$1.14M	0.3%	$26.39	—	COM	846511103
—	Willdan Group Inc	35,009	$1.136M	0.3%	$30.76	—	COM	96924n100
ANIK	Anika Therapeutics Inc	19,545	$1.134M	0.3%	$47.09	+11.0%	COM	035255108
—	Nanometrics Inc	39,010	$1.124M	0.3%	$29.19	—	COM	630077105
UVSP	Univest Corp PA	35,110	$1.124M	0.3%	$19.88	+50.2%	COM	915271100
OLP	One Liberty Properties Inc	46,012	$1.121M	0.3%	$24.93	—	COM	682406103
—	CDW Corp	16,900	$1.115M	0.3%	$65.98	—	COM	12514g108
—	KMG Chemicals Inc	20,003	$1.098M	0.3%	$54.89	—	COM	482564101
HOFT	Hooker Furniture Corp	23,005	$1.098M	0.3%	$42.85	0.0%	COM	439038100
—	Almost Family Inc	20,306	$1.09M	0.3%	$44.96	—	COM	020409108
SRE	Sempra Energy	9,543	$1.089M	0.3%	$44.15	0.0%	COM	816851109
—	FS Bancorp Inc	21,004	$1.085M	0.3%	$51.66	—	COM	30263y104
—	West Bancorporation Inc Cap St	44,322	$1.081M	0.3%	$18.59	—	COM	95123p106
—	BioSpecifics Technologies Corp	22,592	$1.051M	0.3%	$34.26	—	COM	090931106
—	DLH Holdings Corp	160,038	$1.037M	0.3%	$6.48	—	COM	23335q100
NPK	National Presto Industries Inc	9,603	$1.022M	0.3%	$74.77	+41.3%	COM	637215104
EFSC	Enterprise Financial Services	24,007	$1.017M	0.3%	$21.04	+60.8%	COM	293712105
DSGX	Descartes Systems Group Inc	36,789	$1.006M	0.3%	$18.90	+39.9%	ADR	249906108
—	GP Strategies Corp	32,485	$1.002M	0.3%	$21.70	—	COM	36225v104
—	Landmark Bancorp Inc	35,347	$999K	0.3%	$25.47	—	COM	51504l107
HNNA	Hennessy Advisors Inc	64,485	$996K	0.3%	$18.90	-18.3%	COM	425885100
—	AV Homes Inc	58,015	$995K	0.3%	$19.59	—	COM	00234p102
GSBC	Great Southern Bancorp Inc	17,805	$991K	0.3%	$39.28	+30.8%	COM	390905107
—	Pixelworks Inc	210,053	$989K	0.3%	$4.71	—	COM	72581m305
TSBK	Timberland Bancorp Inc	31,506	$987K	0.3%	$20.84	0.0%	COM	887098101
—	CRA Intl Inc	24,006	$985K	0.3%	$41.03	—	COM	12618t105
—	Diamond Hill Investment Group	4,601	$977K	0.3%	$190.01	—	COM	25264r207
—	Control4 Corp	33,008	$972K	0.3%	$29.45	—	COM	21240d107
REX	Rex American Resources Corp	10,303	$967K	0.3%	$15.69	0.0%	COM	761624105
—	Xinyuan Real Estate Co Ltd Sp	170,045	$966K	0.3%	$4.86	—	ADR	98417p105
—	Globalscape Inc Com	249,166	$954K	0.3%	$3.81	—	COM	37940g109
BCH	Banco de Chile Sp ADR	10,454	$953K	0.3%	$72.88	—	ADR	059520106
FDUS	Fidus Inv Corp	59,016	$949K	0.3%	$6.21	+2.3%	COM	316500107
—	Hemisphere Media Group Inc Cl	78,537	$939K	0.3%	$11.96	—	COM	42365q103
—	EMC Ins Group Inc	33,171	$934K	0.3%	$27.95	—	COM	268664109
KFRC	Kforce Inc	46,108	$931K	0.2%	$17.41	+6.6%	COM	493732101
—	KT Corp Sp ADR	66,525	$923K	0.2%	$16.64	—	ADR	48268k101
—	Marathon Petroleum Corp	16,421	$921K	0.2%	$56.09	—	COM	56585a102
CHCO	City Holding Co	12,658	$910K	0.2%	$33.03	+53.4%	COM	177835105
—	Blue Cap Reins Holdings Ltd	55,017	$905K	0.2%	$18.28	—	COM	g1190f107
—	Heska Corp Restricted	10,003	$881K	0.2%	$88.07	—	COM	42805e306
—	Banco Macro SA Sp ADR B	7,420	$871K	0.2%	$74.94	—	ADR	05961w105
—	Silicom Ltd	14,804	$866K	0.2%	$41.07	—	COM	m84116108
PETS	PetMed Express Inc	26,052	$864K	0.2%	$17.21	+136.6%	COM	716382106
—	Credicorp Ltd	4,207	$862K	0.2%	$154.92	—	ADR	g2519y108
—	Psychemedics Corp	46,327	$854K	0.2%	$24.96	—	COM	744375205
ACNB	ACNB Corp	30,008	$831K	0.2%	$19.57	+8.8%	COM	000868109
INTT	inTEST Corp	100,025	$830K	0.2%	$7.58	0.0%	COM	461147100
—	Exxon Mobile Corp	10,061	$825K	0.2%	$81.88	—	COM	30231g102
—	Silicon Motion Technology Corp	17,130	$823K	0.2%	$47.53	—	ADR	82706c108
—	AT&T Inc	20,942	$820K	0.2%	$40.49	—	COM	00206r102
—	New York Mtg Tr Inc	131,140	$807K	0.2%	$6.87	—	COM	649604501
—	Penns Woods Bancorp Inc	17,085	$794K	0.2%	$42.56	—	COM	708430103
TLK	P T Telekomunikasi Indonesia S	23,135	$794K	0.2%	$40.04	—	ADR	715684106
HDSN	Hudson Technologies Inc	93,024	$727K	0.2%	$8.66	0.0%	COM	444144109
WFC	Wells Fargo & Co	12,726	$702K	0.2%	$44.18	-4.6%	COM	949746101
USB	US Bancorp Del	12,718	$682K	0.2%	$38.04	-0.7%	COM	902973304
—	Advanced Semiconductor Engr Sp	102,705	$635K	0.2%	$5.70	—	ADR	00756m404
—	Discover Financial Services	9,664	$623K	0.2%	$71.46	—	COM	254709108
TSQ	Townsquare Media Inc Cl A	56,075	$561K	0.2%	$10.36	0.0%	COM	892231101
ALNT	Allied Motion Technologies Inc	21,550	$546K	0.1%	$13.65	+24.4%	COM	019330109
—	YY Inc ADS Rep Cl A	3,835	$333K	0.1%	$86.83	—	ADR	98426t106
AZN	AstraZeneca PLC Sp ADR	7,900	$268K	0.1%	$34.05	—	ADR	046353108
ING	ING Groep NV Sp ADR	14,300	$263K	0.1%	$17.41	—	ADR	456837103
—	Pernod Ricard SA ADR	9,300	$257K	0.1%	$27.63	—	ADR	714264207
—	HDFC Bank Ltd ADR Reps 3	2,480	$239K	0.1%	$66.37	—	ADR	40415f101
INFY	Infosys Ltd Sp ADR	15,943	$233K	0.1%	$15.02	—	ADR	456788108