Tradewinds Global Investors, LLC Activity Q2 2007-Q3 2016

Q3 2016

			Value		Shares		↓ Weighting
AXS	Sell	Axis Capital Holdings Ltd	$4,148,000	-93.9%	76,349	-93.9%	5.10%	+14.9%
SKM	Sell	SK Telecom Co Ltdsponsored adr	$3,473,000	-92.4%	153,662	-92.9%	4.27%	+44.2%
NTTYY	Sell	Nippon Telegraph & Telephone Corpsponsored adr	$3,454,000	-93.4%	75,404	-93.2%	4.25%	+24.5%
RDSB	Sell	Royal Dutch Shell PLCspon adr b	$3,232,000	-94.3%	61,173	-93.9%	3.97%	+8.0%
ING	Sell	ING Groep NVsponsored adr	$3,226,000	-84.7%	261,401	-87.2%	3.97%	+190.6%
TM	Sell	Toyota Motor Corp	$3,174,000	-93.2%	27,345	-94.1%	3.90%	+29.2%
SKYW	Sell	SkyWest Inc	$3,131,000	-73.3%	118,541	-73.2%	3.85%	+405.9%
TS	Sell	Tenaris SAsponsored adr	$3,016,000	-86.7%	106,201	-86.5%	3.71%	+152.5%
SNY	Sell	Sanofisponsored adr	$2,858,000	-91.6%	74,827	-90.8%	3.51%	+59.6%
TEVA	Sell	Teva Pharmaceutical Industries Ltdadr	$2,772,000	-94.6%	60,243	-94.1%	3.41%	+2.7%
AGU	Sell	Agrium Inc	$2,706,000	-94.9%	29,842	-94.9%	3.33%	-3.1%
CS	Sell	Credit Suisse Group AGsponsored adr	$2,369,000	+0.8%	180,272	-18.0%	2.91%	+1803.9%
FLEX	Sell	Flex Ltdord	$2,293,000	-91.7%	168,338	-92.8%	2.82%	+56.4%
CNQ	Sell	Canadian Natural Resources Ltd	$2,208,000	-92.5%	68,904	-92.8%	2.72%	+42.4%
PKX	Sell	POSCOsponsored adr	$2,172,000	-86.6%	42,525	-88.4%	2.67%	+152.7%
SAP	Sell	SAP SEspon adr	$2,038,000	-87.0%	22,290	-89.3%	2.51%	+146.9%
CLNY	Sell	Colony Capital Inccl a	$1,948,000	-82.6%	106,882	-85.3%	2.40%	+229.9%
GSK	Sell	GlaxoSmithKline PLCsponsored adr	$1,947,000	-87.6%	45,143	-87.6%	2.39%	+134.2%
ERIC	Sell	Telefonaktiebolaget LM Ericssonadr b sek 10	$1,821,000	-94.5%	252,630	-94.2%	2.24%	+3.4%
CIT	Sell	CIT Group Inc	$1,764,000	-87.7%	48,600	-89.2%	2.17%	+132.7%
GT	Sell	Goodyear Tire & Rubber Co/The	$1,743,000	-92.7%	53,976	-94.2%	2.14%	+38.2%
MAN	Sell	ManpowerGroup Inc	$1,694,000	-92.0%	23,438	-92.9%	2.08%	+51.4%
AES	Sell	AES Corp/VA	$1,692,000	-93.1%	131,640	-93.3%	2.08%	+31.4%
CCJ	Sell	Cameco Corp	$1,632,000	-93.9%	190,600	-92.1%	2.01%	+16.0%
MU	Sell	Micron Technology Inc	$1,512,000	-90.6%	85,012	-92.8%	1.86%	+77.2%
CNA	Sell	CNA Financial Corp	$1,365,000	-88.3%	39,664	-89.3%	1.68%	+121.8%
LXP	Sell	Lexington Realty Trust	$1,285,000	-91.7%	124,750	-91.9%	1.58%	+56.9%
ENH	Sell	Endurance Specialty Holdings Ltd	$1,254,000	-86.3%	19,160	-86.0%	1.54%	+159.2%
LUK	Sell	Leucadia National Corp	$1,236,000	-82.9%	64,904	-84.4%	1.52%	+224.8%
MDRX	Sell	Allscripts Healthcare Solutions Inc	$1,202,000	-79.7%	91,273	-80.4%	1.48%	+283.9%
LUMN	Sell	CenturyLink Inc	$1,186,000	-96.9%	43,239	-96.7%	1.46%	-41.5%
IPXL	Sell	Impax Laboratories Inc	$1,177,000	-87.3%	49,661	-84.5%	1.45%	+141.2%
AON	Buy	Aon PLC	$1,157,000	+12.7%	10,281	+9.3%	1.42%	+2023.9%
BG	Sell	Bunge Ltd	$1,017,000	-97.1%	17,178	-97.1%	1.25%	-44.6%
BBY	Sell	Best Buy Co Inc	$880,000	-60.5%	23,042	-68.4%	1.08%	+646.2%
KT	Sell	KT Corpsponsored adr	$842,000	-90.7%	52,461	-91.8%	1.04%	+75.7%
TGI	Sell	Triumph Group Inc	$832,000	-90.4%	29,841	-87.8%	1.02%	+81.7%
FSLR	Sell	First Solar Inc	$755,000	-87.1%	19,107	-84.2%	0.93%	+142.9%
DSW	Sell	DSW Inccl a	$752,000	-93.6%	36,702	-93.4%	0.92%	+20.6%
BRSWQ	Sell	Bristow Group Inc	$570,000	-59.5%	40,683	-67.0%	0.70%	+670.3%
IPG	Sell	Interpublic Group of Cos Inc/The	$529,000	-96.8%	23,647	-96.7%	0.65%	-40.3%
CBZ	Sell	CBIZ Inc	$481,000	-66.4%	42,960	-68.8%	0.59%	+535.5%
SPNV	Sell	Superior Energy Services Inc	$395,000	-69.2%	22,081	-68.3%	0.49%	+485.5%
PHG	Sell	Koninklijke Philips NVny reg sh new	$358,000	-83.8%	12,086	-86.3%	0.44%	+207.7%
ACAT	Sell	Arctic Cat Inc	$346,000	-73.6%	22,357	-71.0%	0.42%	+400.0%
NRG	Sell	NRG Energy Inc	$334,000	-96.8%	29,776	-95.7%	0.41%	-39.6%
FOSL	Sell	Fossil Group Inc	$320,000	-69.4%	11,537	-68.5%	0.39%	+479.4%
SU	Sell	Suncor Energy Inc	$299,000	-2.6%	10,765	-3.0%	0.37%	+1740.0%
UEPS	Sell	Net 1 UEPS Technologies Inc	$267,000	-72.1%	31,140	-67.5%	0.33%	+429.0%
RBS	Sell	Royal Bank of Scotland Group PLCspons adr 2 ord	$243,000	-98.9%	52,072	-98.9%	0.30%	-78.6%
ERJ	Sell	Embraer SA	$216,000	-97.8%	12,501	-97.3%	0.27%	-59.0%
CIG	Exit	Cia Energetica de Minas Geraissp adr n-v pfd	$0	–	-15,599	–	-0.00%	–
AGU	Exit	AGRIUM INC JUL16 90 CALLcall	$0	–	-25,000	–	-0.00%	–
MHY	Exit	Western Asset Managed High Income Fund Inc	$0	–	-13,353	–	-0.00%	–
EXC	Exit	EXELON CORP JUL16 35 CALLcall	$0	–	-64,000	–	-0.01%	–
ENIA	Exit	Enersis Americas SAsponsored adr	$0	–	-13,132	–	-0.01%	–
IGR	Exit	CBRE Clarion Global Real Estate Income Fund	$0	–	-12,512	–	-0.01%	–
XRX	Exit	Xerox Corp	$0	–	-11,534	–	-0.01%	–
UMPQ	Exit	Umpqua Holdings Corp	$0	–	-10,382	–	-0.01%	–
GLOG	Exit	GasLog Ltd	$0	–	-13,085	–	-0.01%	–
DK	Exit	Delek US Holdings Inc	$0	–	-12,847	–	-0.01%	–
ASX	Exit	Advanced Semiconductor Engineering Incsponsored adr	$0	–	-30,047	–	-0.01%	–
ACRE	Exit	Ares Commercial Real Estate Corp	$0	–	-13,845	–	-0.01%	–
SHO	Exit	Sunstone Hotel Investors Inc	$0	–	-13,602	–	-0.01%	–
MERC	Exit	Mercer International Inc	$0	–	-20,924	–	-0.01%	–
MTRX	Exit	Matrix Service Co	$0	–	-10,377	–	-0.01%	–
IBN	Exit	ICICI Bank Ltdadr	$0	–	-26,259	–	-0.01%	–
VG	Exit	Vonage Holdings Corp	$0	–	-30,812	–	-0.01%	–
NYLDA	Exit	NRG Yield Inccl a new	$0	–	-11,989	–	-0.01%	–
NEE	Exit	NextEra Energy Inc	$0	–	-1,537	–	-0.01%	–
AMGN	Exit	Amgen Inc	$0	–	-1,365	–	-0.01%	–
HLS	Exit	HealthSouth Corp	$0	–	-5,204	–	-0.01%	–
UNP	Exit	Union Pacific Corp	$0	–	-2,361	–	-0.01%	–
GOOGL	Exit	Alphabet Inccap stk cl a	$0	–	-291	–	-0.01%	–
PSX	Exit	Phillips 66	$0	–	-2,593	–	-0.01%	–
BSET	Exit	Bassett Furniture Industries Inc	$0	–	-8,833	–	-0.01%	–
VRTU	Exit	Virtusa Corp	$0	–	-7,278	–	-0.01%	–
WFC	Exit	Wells Fargo & Co	$0	–	-4,553	–	-0.01%	–
LYB	Exit	LyondellBasell Industries NV	$0	–	-2,858	–	-0.01%	–
LOPE	Exit	Grand Canyon Education Inc	$0	–	-5,940	–	-0.02%	–
JBSS	Exit	John B Sanfilippo & Son Inc	$0	–	-5,431	–	-0.02%	–
WHR	Exit	Whirlpool Corp	$0	–	-1,403	–	-0.02%	–
EBS	Exit	Emergent BioSolutions Inc	$0	–	-8,360	–	-0.02%	–
RM	Exit	Regional Management Corp	$0	–	-16,926	–	-0.02%	–
BBCN	Exit	BBCN Bancorp Inc	$0	–	-16,057	–	-0.02%	–
CRUS	Exit	Cirrus Logic Inc	$0	–	-6,472	–	-0.02%	–
VYM	Exit	Vanguard High Dividend Yield ETFhigh div yld	$0	–	-3,415	–	-0.02%	–
SXI	Exit	Standex International Corp	$0	–	-2,997	–	-0.02%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-4,037	–	-0.02%	–
FSB	Exit	Franklin Financial Network Inc	$0	–	-7,710	–	-0.02%	–
MSFT	Exit	Microsoft Corp	$0	–	-4,848	–	-0.02%	–
FNHC	Exit	Federated National Holding Co	$0	–	-12,588	–	-0.02%	–
GWB	Exit	Great Western Bancorp Inc	$0	–	-8,008	–	-0.02%	–
LZB	Exit	La-Z-Boy Inc	$0	–	-9,563	–	-0.02%	–
ENSG	Exit	Ensign Group Inc/The	$0	–	-12,296	–	-0.02%	–
EME	Exit	EMCOR Group Inc	$0	–	-5,194	–	-0.02%	–
DLX	Exit	Deluxe Corp	$0	–	-3,857	–	-0.02%	–
IIIN	Exit	Insteel Industries Inc	$0	–	-9,135	–	-0.02%	–
ALGT	Exit	Allegiant Travel Co	$0	–	-1,735	–	-0.02%	–
SCMP	Exit	Sucampo Pharmaceuticals Inccl a	$0	–	-23,362	–	-0.02%	–
AMN	Exit	AMN Healthcare Services Inc	$0	–	-6,411	–	-0.02%	–
PFBC	Exit	Preferred Bank/Los Angeles CA	$0	–	-9,605	–	-0.02%	–
PATK	Exit	Patrick Industries Inc	$0	–	-4,535	–	-0.02%	–
TEN	Exit	Tenneco Inc	$0	–	-6,376	–	-0.02%	–
PLAB	Exit	Photronics Inc	$0	–	-32,167	–	-0.02%	–
LAD	Exit	Lithia Motors Inccl a	$0	–	-4,078	–	-0.02%	–
TOWR	Exit	Tower International Inc	$0	–	-15,453	–	-0.02%	–
TSRA	Exit	Tessera Technologies Inc	$0	–	-10,759	–	-0.02%	–
SCS	Exit	Steelcase Inccl a	$0	–	-23,552	–	-0.02%	–
SMB	Exit	VanEck Vectors AMT-Free Short Municipal Index ETFamt free short m	$0	–	-18,215	–	-0.02%	–
ACETQ	Exit	Aceto Corp	$0	–	-14,948	–	-0.02%	–
HI	Exit	Hillenbrand Inc	$0	–	-10,909	–	-0.02%	–
BLMN	Exit	Bloomin' Brands Inc	$0	–	-18,140	–	-0.02%	–
JCOM	Exit	j2 Global Inc	$0	–	-5,196	–	-0.02%	–
MHLD	Exit	Maiden Holdings Ltd	$0	–	-26,312	–	-0.02%	–
NGHC	Exit	National General Holdings Corp	$0	–	-15,786	–	-0.02%	–
POLY	Exit	Plantronics Inc	$0	–	-7,563	–	-0.02%	–
RTEC	Exit	Rudolph Technologies Inc	$0	–	-21,710	–	-0.02%	–
NCI	Exit	Navigant Consulting Inc	$0	–	-20,695	–	-0.02%	–
HW	Exit	Headwaters Inc	$0	–	-18,804	–	-0.02%	–
ESNT	Exit	Essent Group Ltd	$0	–	-16,197	–	-0.02%	–
NRZ	Exit	New Residential Investment Corp	$0	–	-25,271	–	-0.02%	–
CBM	Exit	Cambrex Corp	$0	–	-7,039	–	-0.02%	–
IBMF	Exit	iShares iBonds Sep 2017 Term Muni Bond ETFibonds sep17 etf	$0	–	-16,136	–	-0.03%	–
BSV	Exit	Vanguard Short-Term Bond ETFshort trm bond	$0	–	-5,424	–	-0.03%	–
DCMYY	Exit	NTT DOCOMO Incspons adr	$0	–	-17,006	–	-0.03%	–
RT	Exit	Ruby Tuesday Inc	$0	–	-241,196	–	-0.06%	–
IBA	Exit	Industrias Bachoco SAB de CVspon adr b	$0	–	-28,121	–	-0.09%	–
BHP	Exit	BHP Billiton Ltdsponsored adr	$0	–	-66,652	–	-0.12%	–
FDP	Exit	Fresh Del Monte Produce Incord	$0	–	-38,387	–	-0.14%	–
A	Exit	Agilent Technologies Inc	$0	–	-55,000	–	-0.16%	–
AY	Exit	Atlantica Yield plc	$0	–	-135,145	–	-0.16%	–
NVS	Exit	Novartis AGsponsored adr	$0	–	-34,189	–	-0.18%	–
YPF	Exit	YPF SAspon adr cl d	$0	–	-184,352	–	-0.23%	–
EIX	Exit	Edison International	$0	–	-47,434	–	-0.24%	–
BBVA	Exit	Banco Bilbao Vizcaya Argentaria SAsponsored adr	$0	–	-654,981	–	-0.24%	–
TV	Exit	Grupo Televisa SABspon adr rep ord	$0	–	-148,648	–	-0.25%	–
TKC	Exit	Turkcell Iletisim Hizmetleri ASspon adr new	$0	–	-537,332	–	-0.32%	–
PEGI	Exit	Pattern Energy Group Inccl a	$0	–	-217,576	–	-0.32%	–
CHL	Exit	China Mobile Ltdsponsored adr	$0	–	-88,705	–	-0.33%	–
SSRI	Exit	Silver Standard Resources Inc	$0	–	-403,860	–	-0.34%	–
ANDE	Exit	Andersons Inc/The	$0	–	-161,900	–	-0.37%	–
VZ	Exit	Verizon Communications Inc	$0	–	-115,356	–	-0.42%	–
NTRS	Exit	Northern Trust Corp	$0	–	-99,965	–	-0.43%	–
BLOX	Exit	Infoblox Inc	$0	–	-359,345	–	-0.44%	–
SLB	Exit	Schlumberger Ltd	$0	–	-90,329	–	-0.46%	–
AWHHF	Exit	Allied World Assurance Co Holdings AG	$0	–	-206,180	–	-0.47%	–
GOOG	Exit	Alphabet Inccap stk cl c	$0	–	-11,482	–	-0.52%	–
TSN	Exit	Tyson Foods Inccl a	$0	–	-120,970	–	-0.52%	–
CFG	Exit	Citizens Financial Group Inc	$0	–	-434,080	–	-0.56%	–
APA	Exit	Apache Corp	$0	–	-161,343	–	-0.58%	–
SBS	Exit	Cia de Saneamento Basico do Estado de Sao Paulosponsored adr	$0	–	-1,051,783	–	-0.61%	–
ADM	Exit	Archer-Daniels-Midland Co	$0	–	-232,520	–	-0.65%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-110,250	–	-0.67%	–
AGRO	Exit	Adecoagro SA	$0	–	-950,818	–	-0.68%	–
AET	Exit	Aetna Inc	$0	–	-88,373	–	-0.70%	–
TIME	Exit	Time Inc	$0	–	-717,110	–	-0.77%	–
MYL	Exit	Mylan NV	$0	–	-282,903	–	-0.80%	–
EXC	Exit	Exelon Corp	$0	–	-338,520	–	-0.80%	–
GE	Exit	General Electric Co	$0	–	-426,887	–	-0.87%	–
BRFS	Exit	BRF SAsponsored adr	$0	–	-979,069	–	-0.89%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-168,457	–	-0.91%	–
AAPL	Exit	Apple Inc	$0	–	-153,844	–	-0.96%	–
GM	Exit	General Motors Co	$0	–	-558,733	–	-1.03%	–
HSBC	Exit	HSBC Holdings PLCspon adr new	$0	–	-549,002	–	-1.12%	–
CSX	Exit	CSX Corp	$0	–	-661,124	–	-1.12%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-617,434	–	-1.15%	–
ALLY	Exit	Ally Financial Inc	$0	–	-1,351,200	–	-1.50%	–
AIG	Exit	American International Group Inc	$0	–	-444,890	–	-1.53%	–
ORCL	Exit	Oracle Corp	$0	–	-608,645	–	-1.62%	–
PFE	Exit	Pfizer Inc	$0	–	-724,710	–	-1.66%	–
C	Exit	Citigroup Inc	$0	–	-622,525	–	-1.71%	–
BP	Exit	BP PLCsponsored adr	$0	–	-912,678	–	-2.10%	–
UBS	Exit	UBS Group AG	$0	–	-3,949,192	–	-3.32%	–

Q2 2016

			Value		Shares		↓ Weighting
AXS	New	Axis Capital Holdings Ltd	$68,366,000	–	1,243,032	–	4.44%	–
RDSB	New	Royal Dutch Shell PLCspon adr b	$56,613,000	–	1,010,960	–	3.68%	–
AGU	New	Agrium Inc	$52,862,000	–	584,630	–	3.43%	–
NTTYY	New	Nippon Telegraph & Telephone Corpsponsored adr	$52,523,000	–	1,115,631	–	3.41%	–
UBS	New	UBS Group AG	$51,181,000	–	3,949,192	–	3.32%	–
TEVA	New	Teva Pharmaceutical Industries Ltdadr	$51,082,000	–	1,016,970	–	3.32%	–
TM	New	Toyota Motor Corp	$46,522,000	–	465,276	–	3.02%	–
SKM	New	SK Telecom Co Ltdsponsored adr	$45,589,000	–	2,179,242	–	2.96%	–
LUMN	New	CenturyLink Inc	$38,343,000	–	1,321,724	–	2.49%	–
BG	New	Bunge Ltd	$34,740,000	–	587,323	–	2.26%	–
SNY	New	Sanofisponsored adr	$33,895,000	–	809,931	–	2.20%	–
ERIC	New	Telefonaktiebolaget LM Ericssonadr b sek 10	$33,349,000	–	4,342,379	–	2.17%	–
BP	New	BP PLCsponsored adr	$32,409,000	–	912,678	–	2.10%	–
CNQ	New	Canadian Natural Resources Ltd	$29,355,000	–	952,183	–	1.91%	–
FLEX	New	Flextronics International Ltdord	$27,757,000	–	2,352,359	–	1.80%	–
CCJ	New	Cameco Corp	$26,633,000	–	2,427,877	–	1.73%	–
C	New	Citigroup Inc	$26,388,000	–	622,525	–	1.71%	–
PFE	New	Pfizer Inc	$25,517,000	–	724,710	–	1.66%	–
ORCL	New	Oracle Corp	$24,911,000	–	608,645	–	1.62%	–
AES	New	AES Corp/VA	$24,392,000	–	1,954,513	–	1.58%	–
GT	New	Goodyear Tire & Rubber Co/The	$23,870,000	–	930,258	–	1.55%	–
AIG	New	American International Group Inc	$23,530,000	–	444,890	–	1.53%	–
ALLY	New	Ally Financial Inc	$23,064,000	–	1,351,200	–	1.50%	–
TS	New	Tenaris SAsponsored adr	$22,610,000	–	784,015	–	1.47%	–
RBS	New	Royal Bank of Scotland Group PLCspons adr 2 ord	$21,522,000	–	4,579,249	–	1.40%	–
MAN	New	ManpowerGroup Inc	$21,175,000	–	329,120	–	1.38%	–
ING	New	ING Groep NVsponsored adr	$21,018,000	–	2,034,677	–	1.36%	–
CSCO	New	Cisco Systems Inc	$17,714,000	–	617,434	–	1.15%	–
CSX	New	CSX Corp	$17,242,000	–	661,124	–	1.12%	–
HSBC	New	HSBC Holdings PLCspon adr new	$17,189,000	–	549,002	–	1.12%	–
IPG	New	Interpublic Group of Cos Inc/The	$16,782,000	–	726,527	–	1.09%	–
PKX	New	POSCOsponsored adr	$16,266,000	–	365,541	–	1.06%	–
MU	New	Micron Technology Inc	$16,150,000	–	1,173,749	–	1.05%	–
GM	New	General Motors Co	$15,812,000	–	558,733	–	1.03%	–
GSK	New	GlaxoSmithKline PLCsponsored adr	$15,730,000	–	362,947	–	1.02%	–
SAP	New	SAP SEspon adr	$15,629,000	–	208,339	–	1.02%	–
LXP	New	Lexington Realty Trust	$15,508,000	–	1,533,973	–	1.01%	–
AAPL	New	Apple Inc	$14,707,000	–	153,844	–	0.96%	–
CIT	New	CIT Group Inc	$14,355,000	–	449,860	–	0.93%	–
GILD	New	Gilead Sciences Inc	$14,052,000	–	168,457	–	0.91%	–
BRFS	New	BRF SAsponsored adr	$13,638,000	–	979,069	–	0.89%	–
GE	New	General Electric Co	$13,438,000	–	426,887	–	0.87%	–
EXC	New	Exelon Corp	$12,308,000	–	338,520	–	0.80%	–
MYL	New	Mylan NV	$12,232,000	–	282,903	–	0.80%	–
TIME	New	Time Inc	$11,803,000	–	717,110	–	0.77%	–
DSW	New	DSW Inccl a	$11,803,000	–	557,304	–	0.77%	–
SKYW	New	SkyWest Inc	$11,721,000	–	442,973	–	0.76%	–
CNA	New	CNA Financial Corp	$11,658,000	–	371,051	–	0.76%	–
CLNY	New	Colony Capital Inccl a	$11,172,000	–	727,852	–	0.73%	–
AET	New	Aetna Inc	$10,792,000	–	88,373	–	0.70%	–
NRG	New	NRG Energy Inc	$10,468,000	–	698,368	–	0.68%	–
AGRO	New	Adecoagro SA	$10,430,000	–	950,818	–	0.68%	–
XOM	New	Exxon Mobil Corp	$10,334,000	–	110,250	–	0.67%	–
ERJ	New	Embraer SA	$9,974,000	–	459,240	–	0.65%	–
ADM	New	Archer-Daniels-Midland Co	$9,972,000	–	232,520	–	0.65%	–
SBS	New	Cia de Saneamento Basico do Estado de Sao Paulosponsored adr	$9,423,000	–	1,051,783	–	0.61%	–
IPXL	New	Impax Laboratories Inc	$9,238,000	–	320,552	–	0.60%	–
ENH	New	Endurance Specialty Holdings Ltd	$9,162,000	–	136,429	–	0.60%	–
KT	New	KT Corpsponsored adr	$9,074,000	–	636,356	–	0.59%	–
APA	New	Apache Corp	$8,981,000	–	161,343	–	0.58%	–
TGI	New	Triumph Group Inc	$8,660,000	–	243,951	–	0.56%	–
CFG	New	Citizens Financial Group Inc	$8,672,000	–	434,080	–	0.56%	–
TSN	New	Tyson Foods Inccl a	$8,079,000	–	120,970	–	0.52%	–
GOOG	New	Alphabet Inccap stk cl c	$7,946,000	–	11,482	–	0.52%	–
AWHHF	New	Allied World Assurance Co Holdings AG	$7,245,000	–	206,180	–	0.47%	–
LUK	New	Leucadia National Corp	$7,208,000	–	415,971	–	0.47%	–
SLB	New	Schlumberger Ltd	$7,143,000	–	90,329	–	0.46%	–
BLOX	New	Infoblox Inc	$6,741,000	–	359,345	–	0.44%	–
NTRS	New	Northern Trust Corp	$6,623,000	–	99,965	–	0.43%	–
VZ	New	Verizon Communications Inc	$6,441,000	–	115,356	–	0.42%	–
MDRX	New	Allscripts Healthcare Solutions Inc	$5,920,000	–	466,146	–	0.38%	–
FSLR	New	First Solar Inc	$5,873,000	–	121,143	–	0.38%	–
ANDE	New	Andersons Inc/The	$5,753,000	–	161,900	–	0.37%	–
SSRI	New	Silver Standard Resources Inc	$5,246,000	–	403,860	–	0.34%	–
CHL	New	China Mobile Ltdsponsored adr	$5,136,000	–	88,705	–	0.33%	–
PEGI	New	Pattern Energy Group Inccl a	$4,997,000	–	217,576	–	0.32%	–
TKC	New	Turkcell Iletisim Hizmetleri ASspon adr new	$4,916,000	–	537,332	–	0.32%	–
TV	New	Grupo Televisa SABspon adr rep ord	$3,870,000	–	148,648	–	0.25%	–
BBVA	New	Banco Bilbao Vizcaya Argentaria SAsponsored adr	$3,759,000	–	654,981	–	0.24%	–
EIX	New	Edison International	$3,684,000	–	47,434	–	0.24%	–
YPF	New	YPF SAspon adr cl d	$3,539,000	–	184,352	–	0.23%	–
NVS	New	Novartis AGsponsored adr	$2,820,000	–	34,189	–	0.18%	–
AY	New	Atlantica Yield plc	$2,510,000	–	135,145	–	0.16%	–
A	New	Agilent Technologies Inc	$2,439,000	–	55,000	–	0.16%	–
CS	New	Credit Suisse Group AGsponsored adr	$2,351,000	–	219,778	–	0.15%	–
BBY	New	Best Buy Co Inc	$2,229,000	–	72,869	–	0.14%	–
PHG	New	Koninklijke Philips NVny reg sh new	$2,205,000	–	88,428	–	0.14%	–
FDP	New	Fresh Del Monte Produce Incord	$2,089,000	–	38,387	–	0.14%	–
BHP	New	BHP Billiton Ltdsponsored adr	$1,903,000	–	66,652	–	0.12%	–
CBZ	New	CBIZ Inc	$1,432,000	–	137,567	–	0.09%	–
BRSWQ	New	Bristow Group Inc	$1,406,000	–	123,283	–	0.09%	–
IBA	New	Industrias Bachoco SAB de CVspon adr b	$1,389,000	–	28,121	–	0.09%	–
ACAT	New	Arctic Cat Inc	$1,312,000	–	77,177	–	0.08%	–
SPNV	New	Superior Energy Services Inc	$1,282,000	–	69,660	–	0.08%	–
FOSL	New	Fossil Group Inc	$1,046,000	–	36,675	–	0.07%	–
AON	New	Aon PLC	$1,027,000	–	9,403	–	0.07%	–
UEPS	New	Net 1 UEPS Technologies Inc	$957,000	–	95,872	–	0.06%	–
RT	New	Ruby Tuesday Inc	$870,000	–	241,196	–	0.06%	–
DCMYY	New	NTT DOCOMO Incspons adr	$459,000	–	17,006	–	0.03%	–
IBMF	New	iShares iBonds Sep 2017 Term Muni Bond ETFibonds sep17 etf	$441,000	–	16,136	–	0.03%	–
BSV	New	Vanguard Short-Term Bond ETFshort trm bond	$439,000	–	5,424	–	0.03%	–
CBM	New	Cambrex Corp	$364,000	–	7,039	–	0.02%	–
NRZ	New	New Residential Investment Corp	$349,000	–	25,271	–	0.02%	–
ESNT	New	Essent Group Ltd	$353,000	–	16,197	–	0.02%	–
NCI	New	Navigant Consulting Inc	$334,000	–	20,695	–	0.02%	–
HW	New	Headwaters Inc	$337,000	–	18,804	–	0.02%	–
NGHC	New	National General Holdings Corp	$338,000	–	15,786	–	0.02%	–
POLY	New	Plantronics Inc	$332,000	–	7,563	–	0.02%	–
RTEC	New	Rudolph Technologies Inc	$337,000	–	21,710	–	0.02%	–
JCOM	New	j2 Global Inc	$328,000	–	5,196	–	0.02%	–
ACETQ	New	Aceto Corp	$327,000	–	14,948	–	0.02%	–
BLMN	New	Bloomin' Brands Inc	$324,000	–	18,140	–	0.02%	–
TSRA	New	Tessera Technologies Inc	$329,000	–	10,759	–	0.02%	–
SCS	New	Steelcase Inccl a	$319,000	–	23,552	–	0.02%	–
MHLD	New	Maiden Holdings Ltd	$322,000	–	26,312	–	0.02%	–
SMB	New	VanEck Vectors AMT-Free Short Municipal Index ETFamt free short m	$322,000	–	18,215	–	0.02%	–
HI	New	Hillenbrand Inc	$327,000	–	10,909	–	0.02%	–
TOWR	New	Tower International Inc	$318,000	–	15,453	–	0.02%	–
SU	New	Suncor Energy Inc	$307,000	–	11,094	–	0.02%	–
LAD	New	Lithia Motors Inccl a	$289,000	–	4,078	–	0.02%	–
TEN	New	Tenneco Inc	$297,000	–	6,376	–	0.02%	–
PLAB	New	Photronics Inc	$286,000	–	32,167	–	0.02%	–
PFBC	New	Preferred Bank/Los Angeles CA	$277,000	–	9,605	–	0.02%	–
PATK	New	Patrick Industries Inc	$273,000	–	4,535	–	0.02%	–
ALGT	New	Allegiant Travel Co	$262,000	–	1,735	–	0.02%	–
LZB	New	La-Z-Boy Inc	$266,000	–	9,563	–	0.02%	–
AMN	New	AMN Healthcare Services Inc	$256,000	–	6,411	–	0.02%	–
ENSG	New	Ensign Group Inc/The	$258,000	–	12,296	–	0.02%	–
SCMP	New	Sucampo Pharmaceuticals Inccl a	$256,000	–	23,362	–	0.02%	–
EME	New	EMCOR Group Inc	$255,000	–	5,194	–	0.02%	–
IIIN	New	Insteel Industries Inc	$261,000	–	9,135	–	0.02%	–
DLX	New	Deluxe Corp	$255,000	–	3,857	–	0.02%	–
GWB	New	Great Western Bancorp Inc	$252,000	–	8,008	–	0.02%	–
RM	New	Regional Management Corp	$248,000	–	16,926	–	0.02%	–
FNHC	New	Federated National Holding Co	$239,000	–	12,588	–	0.02%	–
FSB	New	Franklin Financial Network Inc	$241,000	–	7,710	–	0.02%	–
MSFT	New	Microsoft Corp	$248,000	–	4,848	–	0.02%	–
JPM	New	JPMorgan Chase & Co	$250,000	–	4,037	–	0.02%	–
CRUS	New	Cirrus Logic Inc	$251,000	–	6,472	–	0.02%	–
VYM	New	Vanguard High Dividend Yield ETFhigh div yld	$244,000	–	3,415	–	0.02%	–
SXI	New	Standex International Corp	$247,000	–	2,997	–	0.02%	–
BBCN	New	BBCN Bancorp Inc	$239,000	–	16,057	–	0.02%	–
WHR	New	Whirlpool Corp	$233,000	–	1,403	–	0.02%	–
LOPE	New	Grand Canyon Education Inc	$237,000	–	5,940	–	0.02%	–
JBSS	New	John B Sanfilippo & Son Inc	$231,000	–	5,431	–	0.02%	–
EBS	New	Emergent BioSolutions Inc	$235,000	–	8,360	–	0.02%	–
VRTU	New	Virtusa Corp	$210,000	–	7,278	–	0.01%	–
LYB	New	LyondellBasell Industries NV	$212,000	–	2,858	–	0.01%	–
WFC	New	Wells Fargo & Co	$215,000	–	4,553	–	0.01%	–
BSET	New	Bassett Furniture Industries Inc	$211,000	–	8,833	–	0.01%	–
AMGN	New	Amgen Inc	$207,000	–	1,365	–	0.01%	–
NEE	New	NextEra Energy Inc	$200,000	–	1,537	–	0.01%	–
HLS	New	HealthSouth Corp	$202,000	–	5,204	–	0.01%	–
UNP	New	Union Pacific Corp	$206,000	–	2,361	–	0.01%	–
PSX	New	Phillips 66	$205,000	–	2,593	–	0.01%	–
GOOGL	New	Alphabet Inccap stk cl a	$204,000	–	291	–	0.01%	–
NYLDA	New	NRG Yield Inccl a new	$182,000	–	11,989	–	0.01%	–
IBN	New	ICICI Bank Ltdadr	$188,000	–	26,259	–	0.01%	–
VG	New	Vonage Holdings Corp	$187,000	–	30,812	–	0.01%	–
GLOG	New	GasLog Ltd	$169,000	–	13,085	–	0.01%	–
SHO	New	Sunstone Hotel Investors Inc	$164,000	–	13,602	–	0.01%	–
MERC	New	Mercer International Inc	$166,000	–	20,924	–	0.01%	–
ACRE	New	Ares Commercial Real Estate Corp	$170,000	–	13,845	–	0.01%	–
MTRX	New	Matrix Service Co	$171,000	–	10,377	–	0.01%	–
DK	New	Delek US Holdings Inc	$169,000	–	12,847	–	0.01%	–
ASX	New	Advanced Semiconductor Engineering Incsponsored adr	$167,000	–	30,047	–	0.01%	–
UMPQ	New	Umpqua Holdings Corp	$160,000	–	10,382	–	0.01%	–
XRX	New	Xerox Corp	$109,000	–	11,534	–	0.01%	–
IGR	New	CBRE Clarion Global Real Estate Income Fund	$102,000	–	12,512	–	0.01%	–
ENIA	New	Enersis Americas SAsponsored adr	$112,000	–	13,132	–	0.01%	–
EXC	New	EXELON CORP JUL16 35 CALLcall	$92,000	–	64,000	–	0.01%	–
AGU	New	AGRIUM INC JUL16 90 CALLcall	$56,000	–	25,000	–	0.00%	–
MHY	New	Western Asset Managed High Income Fund Inc	$63,000	–	13,353	–	0.00%	–
CIG	New	Cia Energetica de Minas Geraissp adr n-v pfd	$34,000	–	15,599	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
BXLT	Exit	Baxalta Inccall	$0	–	-68,500	–	0.00%	–
FSLR	Exit	First Solar Inccall	$0	–	-80,500	–	0.00%	–
GGB	Exit	Gerdau SAspon adr rep pfd	$0	–	-64,706	–	-0.00%	–
BBD	Exit	Banco Bradesco SAsp adr pfd new	$0	–	-15,170	–	-0.00%	–
SPIL	Exit	Siliconware Precision Industries Co Ltdsponsd adr spl	$0	–	-15,768	–	-0.01%	–
IBN	Exit	ICICI Bank Ltdadr	$0	–	-18,245	–	-0.01%	–
UNP	Exit	Union Pacific Corp	$0	–	-2,368	–	-0.01%	–
WFC	Exit	Wells Fargo & Co	$0	–	-4,109	–	-0.01%	–
MRK	Exit	Merck & Co Inc	$0	–	-4,160	–	-0.01%	–
CMI	Exit	Cummins Inc	$0	–	-2,108	–	-0.01%	–
MSFT	Exit	Microsoft Corp	$0	–	-5,262	–	-0.01%	–
INTC	Exit	Intel Corp	$0	–	-7,251	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-2,365	–	-0.01%	–
SHG	Exit	Shinhan Financial Group Co Ltdspn adr restrd	$0	–	-6,915	–	-0.01%	–
PSX	Exit	Phillips 66	$0	–	-3,070	–	-0.01%	–
BA	Exit	Boeing Co/The	$0	–	-1,808	–	-0.01%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-3,998	–	-0.01%	–
PEP	Exit	PepsiCo Inc	$0	–	-2,480	–	-0.01%	–
TTM	Exit	Tata Motors Ltdsponsored adr	$0	–	-12,009	–	-0.01%	–
HD	Exit	Home Depot Inc/The	$0	–	-2,258	–	-0.01%	–
RDSA	Exit	Royal Dutch Shell PLCspons adr a	$0	–	-5,414	–	-0.01%	–
PG	Exit	Procter & Gamble Co/The	$0	–	-3,870	–	-0.01%	–
PHG	Exit	Koninklijke Philips NVny reg sh new	$0	–	-12,358	–	-0.01%	–
JAZZ	Exit	Jazz Pharmaceuticals PLC	$0	–	-2,083	–	-0.01%	–
SMB	Exit	Market Vectors Short Municipal ETFmktvec smunetf	$0	–	-18,485	–	-0.02%	–
SU	Exit	Suncor Energy Inc	$0	–	-14,802	–	-0.02%	–
EFA	Exit	iShares MSCI EAFE ETFmsci eafe etf	$0	–	-7,426	–	-0.02%	–
IBMF	Exit	iShares iBonds Sep 2017 AMT-Free Muni Bond ETF17 amt-free etf	$0	–	-16,223	–	-0.02%	–
DCMYY	Exit	NTT DOCOMO Incspons adr	$0	–	-28,286	–	-0.02%	–
AAPL	Exit	Apple Inc	$0	–	-5,327	–	-0.03%	–
TSM	Exit	Taiwan Semiconductor Manufacturing Co Ltdsponsored adr	$0	–	-31,366	–	-0.03%	–
SPNV	Exit	Superior Energy Services Inc	$0	–	-72,308	–	-0.04%	–
SSRI	Exit	Silver Standard Resources Inc	$0	–	-187,560	–	-0.06%	–
DSW	Exit	DSW Inccl a	$0	–	-64,176	–	-0.08%	–
RT	Exit	Ruby Tuesday Inc	$0	–	-282,489	–	-0.09%	–
TEF	Exit	Telefonica SAsponsored adr	$0	–	-150,676	–	-0.09%	–
CBZ	Exit	CBIZ Inc	$0	–	-204,089	–	-0.10%	–
ABY	Exit	Abengoa Yield plc	$0	–	-123,929	–	-0.10%	–
FE	Exit	FirstEnergy Corp	$0	–	-66,253	–	-0.10%	–
NVS	Exit	Novartis AGsponsored adr	$0	–	-24,513	–	-0.11%	–
LUK	Exit	Leucadia National Corp	$0	–	-114,362	–	-0.11%	–
FOSL	Exit	Fossil Group Inc	$0	–	-41,505	–	-0.11%	–
CRESY	Exit	Cresud SACIF y Asponsored adr	$0	–	-239,249	–	-0.12%	–
BHP	Exit	BHP Billiton Ltdsponsored adr	$0	–	-79,541	–	-0.12%	–
BRSWQ	Exit	Bristow Group Inc	$0	–	-98,791	–	-0.13%	–
PZE	Exit	Petrobras Argentina SAspons adr	$0	–	-557,326	–	-0.14%	–
STR	Exit	Questar Corp	$0	–	-173,270	–	-0.17%	–
EXC	Exit	Exelon Corp	$0	–	-128,000	–	-0.19%	–
CS	Exit	Credit Suisse Group AGsponsored adr	$0	–	-160,679	–	-0.19%	–
ORI	Exit	Old Republic International Corp	$0	–	-246,540	–	-0.19%	–
ACAT	Exit	Arctic Cat Inc	$0	–	-176,125	–	-0.19%	–
FCNCA	Exit	First Citizens BancShares Inc/NCcl a	$0	–	-20,175	–	-0.22%	–
BLOX	Exit	Infoblox Inc	$0	–	-288,880	–	-0.23%	–
FCX	Exit	Freeport-McMoRan Inccl b	$0	–	-504,411	–	-0.24%	–
FDP	Exit	Fresh Del Monte Produce Incord	$0	–	-142,087	–	-0.28%	–
IPXL	Exit	Impax Laboratories Inc	$0	–	-164,218	–	-0.28%	–
TGI	Exit	Triumph Group Inc	$0	–	-160,768	–	-0.33%	–
VZ	Exit	Verizon Communications Inc	$0	–	-178,129	–	-0.38%	–
CLNY	Exit	Colony Capital Inccl a	$0	–	-402,789	–	-0.39%	–
A	Exit	Agilent Technologies Inc	$0	–	-241,000	–	-0.41%	–
AON	Exit	Aon PLC	$0	–	-97,284	–	-0.42%	–
MDRX	Exit	Allscripts Healthcare Solutions Inc	$0	–	-705,568	–	-0.43%	–
TKC	Exit	Turkcell Iletisim Hizmetleri ASspon adr new	$0	–	-1,012,431	–	-0.43%	–
MU	Exit	Micron Technology Inc	$0	–	-594,123	–	-0.44%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-156,240	–	-0.50%	–
GOOG	Exit	Google Inccl c	$0	–	-17,163	–	-0.52%	–
SKYW	Exit	SkyWest Inc	$0	–	-647,812	–	-0.53%	–
CNA	Exit	CNA Financial Corp	$0	–	-310,519	–	-0.54%	–
ALLY	Exit	Ally Financial Inc	$0	–	-537,162	–	-0.54%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-113,415	–	-0.55%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-150,133	–	-0.55%	–
SYMC	Exit	Symantec Corp	$0	–	-599,000	–	-0.58%	–
CFG	Exit	Citizens Financial Group Inc	$0	–	-504,004	–	-0.59%	–
YPF	Exit	YPF SAspon adr cl d	$0	–	-825,808	–	-0.62%	–
PKX	Exit	POSCOsponsored adr	$0	–	-377,103	–	-0.65%	–
CNQ	Exit	Canadian Natural Resources Ltd	$0	–	-714,370	–	-0.68%	–
APA	Exit	Apache Corp	$0	–	-359,617	–	-0.69%	–
FSLR	Exit	First Solar Inc	$0	–	-329,093	–	-0.69%	–
ENH	Exit	Endurance Specialty Holdings Ltd	$0	–	-231,838	–	-0.70%	–
CSX	Exit	CSX Corp	$0	–	-529,321	–	-0.70%	–
SBS	Exit	Cia de Saneamento Basico do Estado de Sao Paulosponsored adr	$0	–	-3,680,709	–	-0.70%	–
DFODQ	Exit	Dean Foods Co	$0	–	-876,923	–	-0.71%	–
CIT	Exit	CIT Group Inc	$0	–	-363,878	–	-0.72%	–
KB	Exit	KB Financial Group Incsponsored adr	$0	–	-496,328	–	-0.72%	–
TS	Exit	Tenaris SAsponsored adr	$0	–	-609,895	–	-0.72%	–
ADM	Exit	Archer-Daniels-Midland Co	$0	–	-367,222	–	-0.75%	–
GSK	Exit	GlaxoSmithKline PLCsponsored adr	$0	–	-407,454	–	-0.77%	–
SAP	Exit	SAP SEspon adr	$0	–	-242,958	–	-0.78%	–
LXP	Exit	Lexington Realty Trust	$0	–	-2,032,170	–	-0.81%	–
TIAIY	Exit	Telecom Italia SpAspon adr svgs	$0	–	-1,663,800	–	-0.84%	–
AEG	Exit	Aegon NVny registry sh	$0	–	-2,965,522	–	-0.84%	–
GE	Exit	General Electric Co	$0	–	-702,951	–	-0.87%	–
IPG	Exit	Interpublic Group of Cos Inc/The	$0	–	-941,865	–	-0.89%	–
AGRO	Exit	Adecoagro SA	$0	–	-2,357,246	–	-0.92%	–
TECD	Exit	Tech Data Corp	$0	–	-282,921	–	-0.96%	–
HSBC	Exit	HSBC Holdings PLCspon adr new	$0	–	-518,793	–	-0.97%	–
KT	Exit	KT Corpsponsored adr	$0	–	-1,521,736	–	-0.98%	–
NRG	Exit	NRG Energy Inc	$0	–	-1,343,941	–	-0.98%	–
BBY	Exit	Best Buy Co Inc	$0	–	-552,312	–	-1.01%	–
ANDE	Exit	Andersons Inc/The	$0	–	-773,158	–	-1.30%	–
CCJ	Exit	Cameco Corp	$0	–	-2,209,886	–	-1.33%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-1,066,046	–	-1.38%	–
AES	Exit	AES Corp/VA	$0	–	-2,993,391	–	-1.44%	–
BG	Exit	Bunge Ltd	$0	–	-403,246	–	-1.46%	–
ING	Exit	ING Groep NVsponsored adr	$0	–	-2,104,654	–	-1.47%	–
MAN	Exit	ManpowerGroup Inc	$0	–	-365,896	–	-1.48%	–
GT	Exit	Goodyear Tire & Rubber Co/The	$0	–	-1,064,486	–	-1.54%	–
LUMN	Exit	CenturyLink Inc	$0	–	-1,247,249	–	-1.54%	–
TIME	Exit	Time Inc	$0	–	-1,683,116	–	-1.58%	–
AET	Exit	Aetna Inc	$0	–	-297,666	–	-1.61%	–
INGR	Exit	Ingredion Inc	$0	–	-379,717	–	-1.64%	–
BXLT	Exit	Baxalta Inc	$0	–	-1,094,073	–	-1.70%	–
ORCL	Exit	Oracle Corp	$0	–	-999,404	–	-1.78%	–
RBS	Exit	Royal Bank of Scotland Group PLCspons adr 20 ord	$0	–	-3,884,836	–	-1.83%	–
GM	Exit	General Motors Co	$0	–	-1,251,463	–	-1.85%	–
ERIC	Exit	Telefonaktiebolaget LM Ericssonadr b sek 10	$0	–	-3,852,702	–	-1.86%	–
FLEX	Exit	Flextronics International Ltdord	$0	–	-3,697,272	–	-1.92%	–
TM	Exit	Toyota Motor Corp	$0	–	-348,874	–	-2.02%	–
PFE	Exit	Pfizer Inc	$0	–	-1,309,533	–	-2.03%	–
AGU	Exit	Agrium Inc	$0	–	-469,792	–	-2.07%	–
SNY	Exit	Sanofisponsored adr	$0	–	-958,916	–	-2.24%	–
RDSB	Exit	Royal Dutch Shell PLCspon adr b	$0	–	-967,934	–	-2.27%	–
AIG	Exit	American International Group Inc	$0	–	-828,921	–	-2.32%	–
SKM	Exit	SK Telecom Co Ltdsponsored adr	$0	–	-1,934,422	–	-2.33%	–
TSN	Exit	Tyson Foods Inccl a	$0	–	-1,109,733	–	-2.36%	–
C	Exit	Citigroup Inc	$0	–	-1,039,956	–	-2.54%	–
TEVA	Exit	Teva Pharmaceutical Industries Ltdadr	$0	–	-1,003,630	–	-2.79%	–
NTTYY	Exit	Nippon Telegraph & Telephone Corpsponsored adr	$0	–	-1,725,224	–	-3.00%	–
IM	Exit	Ingram Micro Inccl a	$0	–	-2,347,089	–	-3.15%	–
AXS	Exit	Axis Capital Holdings Ltd	$0	–	-1,608,996	–	-4.26%	–
UBS	Exit	UBS Group AG	$0	–	-5,457,486	–	-4.98%	–

Q3 2015

			Value		Shares		↓ Weighting
UBS	Sell	UBS Group AG	$101,073,000	-18.8%	5,457,486	-7.1%	4.98%	-7.7%
AXS	Sell	Axis Capital Holdings Ltd	$86,435,000	-0.2%	1,608,996	-0.9%	4.26%	+13.4%
IM	Sell	Ingram Micro Inccl a	$63,935,000	-7.6%	2,347,089	-15.1%	3.15%	+5.0%
NTTYY	Sell	Nippon Telegraph & Telephone Corpsponsored adr	$60,918,000	-19.1%	1,725,224	-16.9%	3.00%	-8.1%
TEVA	Sell	Teva Pharmaceutical Industries Ltdadr	$56,665,000	-35.7%	1,003,630	-32.7%	2.79%	-26.9%
C	Sell	Citigroup Inc	$51,592,000	-19.4%	1,039,956	-10.2%	2.54%	-8.4%
TSN	Sell	Tyson Foods Inccl a	$47,829,000	-9.9%	1,109,733	-10.9%	2.36%	+2.4%
SKM	Buy	SK Telecom Co Ltdsponsored adr	$47,200,000	-0.1%	1,934,422	+1.5%	2.33%	+13.5%
AIG	Sell	American International Group Inc	$47,099,000	-15.2%	828,921	-7.7%	2.32%	-3.6%
RDSB	Buy	Royal Dutch Shell PLCspon adr b	$45,958,000	-13.9%	967,934	+4.1%	2.27%	-2.1%
SNY	Sell	Sanofisponsored adr	$45,520,000	-7.2%	958,916	-3.2%	2.24%	+5.5%
AGU	Buy	Agrium Inc	$42,046,000	+5.5%	469,792	+24.9%	2.07%	+20.0%
PFE	Buy	Pfizer Inc	$41,132,000	+22.1%	1,309,533	+30.4%	2.03%	+38.8%
TM	Buy	Toyota Motor Corp	$40,916,000	+22.6%	348,874	+39.8%	2.02%	+39.3%
FLEX	Sell	Flextronics International Ltdord	$38,969,000	-13.4%	3,697,272	-7.1%	1.92%	-1.6%
ERIC	Buy	Telefonaktiebolaget LM Ericssonadr b sek 10	$37,679,000	-5.4%	3,852,702	+1.0%	1.86%	+7.6%
GM	Sell	General Motors Co	$37,569,000	-19.5%	1,251,463	-10.6%	1.85%	-8.5%
RBS	Buy	Royal Bank of Scotland Group PLCspons adr 20 ord	$37,061,000	-3.4%	3,884,836	+12.0%	1.83%	+9.7%
ORCL	Sell	Oracle Corp	$36,098,000	-17.6%	999,404	-8.0%	1.78%	-6.3%
BXLT	New	Baxalta Inc	$34,474,000	–	1,094,073	–	1.70%	–
INGR	Sell	Ingredion Inc	$33,153,000	-14.0%	379,717	-21.4%	1.64%	-2.2%
AET	Buy	Aetna Inc	$32,568,000	+29.5%	297,666	+50.8%	1.61%	+47.2%
TIME	Sell	Time Inc	$32,063,000	-25.9%	1,683,116	-10.5%	1.58%	-15.8%
LUMN	Buy	CenturyLink Inc	$31,331,000	+20.0%	1,247,249	+40.3%	1.54%	+36.4%
GT	Sell	Goodyear Tire & Rubber Co/The	$31,221,000	-6.2%	1,064,486	-3.6%	1.54%	+6.5%
MAN	Buy	ManpowerGroup Inc	$29,963,000	-8.0%	365,896	+0.5%	1.48%	+4.6%
ING	Sell	ING Groep NVsponsored adr	$29,739,000	-16.8%	2,104,654	-2.3%	1.47%	-5.4%
BG	Buy	Bunge Ltd	$29,558,000	+23.1%	403,246	+47.5%	1.46%	+40.0%
AES	Sell	AES Corp/VA	$29,305,000	-34.6%	2,993,391	-11.4%	1.44%	-25.7%
CSCO	Sell	Cisco Systems Inc	$27,984,000	-10.0%	1,066,046	-5.9%	1.38%	+2.3%
CCJ	Buy	Cameco Corp	$26,894,000	-13.1%	2,209,886	+2.0%	1.33%	-1.2%
ANDE	Buy	Andersons Inc/The	$26,334,000	-10.3%	773,158	+2.8%	1.30%	+2.0%
BBY	Buy	Best Buy Co Inc	$20,502,000	+56.3%	552,312	+37.3%	1.01%	+77.7%
NRG	Sell	NRG Energy Inc	$19,958,000	-36.6%	1,343,941	-2.4%	0.98%	-28.0%
KT	Sell	KT Corpsponsored adr	$19,889,000	-18.8%	1,521,736	-21.3%	0.98%	-7.6%
HSBC	Sell	HSBC Holdings PLCspon adr new	$19,652,000	-17.0%	518,793	-1.9%	0.97%	-5.7%
TECD	Sell	Tech Data Corp	$19,380,000	-21.3%	282,921	-33.9%	0.96%	-10.5%
AGRO	Sell	Adecoagro SA	$18,764,000	-20.5%	2,357,246	-7.9%	0.92%	-9.7%
IPG	Sell	Interpublic Group of Cos Inc/The	$18,018,000	-7.6%	941,865	-6.9%	0.89%	+5.0%
GE	Sell	General Electric Co	$17,728,000	-12.0%	702,951	-7.3%	0.87%	0.0%
TIAIY	Sell	Telecom Italia SpAspon adr svgs	$17,054,000	-1.5%	1,663,800	-2.5%	0.84%	+12.0%
AEG	Buy	Aegon NVny registry sh	$17,052,000	-13.8%	2,965,522	+11.0%	0.84%	-2.0%
LXP	Buy	Lexington Realty Trust	$16,461,000	+69.6%	2,032,170	+77.5%	0.81%	+92.9%
SAP	Buy	SAP SEspon adr	$15,741,000	+37.9%	242,958	+49.5%	0.78%	+56.8%
GSK	Sell	GlaxoSmithKline PLCsponsored adr	$15,667,000	-9.2%	407,454	-1.7%	0.77%	+3.2%
ADM	Sell	Archer-Daniels-Midland Co	$15,221,000	-18.6%	367,222	-5.3%	0.75%	-7.4%
TS	Sell	Tenaris SAsponsored adr	$14,705,000	-11.3%	609,895	-0.6%	0.72%	+0.8%
KB	Sell	KB Financial Group Incsponsored adr	$14,587,000	-68.7%	496,328	-65.0%	0.72%	-64.4%
CIT	Sell	CIT Group Inc	$14,566,000	-17.1%	363,878	-3.8%	0.72%	-5.8%
DFODQ	Sell	Dean Foods Co	$14,487,000	-5.0%	876,923	-7.1%	0.71%	+7.9%
SBS	Buy	Cia de Saneamento Basico do Estado de Sao Paulosponsored adr	$14,281,000	-11.2%	3,680,709	+18.6%	0.70%	+0.9%
CSX	Buy	CSX Corp	$14,239,000	+54.4%	529,321	+87.4%	0.70%	+75.5%
ENH	Buy	Endurance Specialty Holdings Ltd	$14,149,000	+9.8%	231,838	+18.2%	0.70%	+24.9%
APA	Sell	Apache Corp	$14,083,000	-48.0%	359,617	-23.5%	0.69%	-40.9%
FSLR	Sell	First Solar Inc	$14,069,000	-36.2%	329,093	-29.8%	0.69%	-27.4%
CNQ	Buy	Canadian Natural Resources Ltd	$13,894,000	-26.3%	714,370	+2.9%	0.68%	-16.3%
PKX	Buy	POSCOsponsored adr	$13,206,000	-25.3%	377,103	+4.7%	0.65%	-15.1%
YPF	Buy	YPF SAspon adr cl d	$12,577,000	-40.0%	825,808	+8.0%	0.62%	-31.9%
CFG	Sell	Citizens Financial Group Inc	$12,026,000	-19.7%	504,004	-8.1%	0.59%	-8.8%
SYMC	Buy	Symantec Corp	$11,663,000	-5.8%	599,000	+12.4%	0.58%	+7.1%
XOM	Sell	Exxon Mobil Corp	$11,162,000	-17.1%	150,133	-7.2%	0.55%	-5.8%
GILD	Buy	Gilead Sciences Inc	$11,136,000	-3.6%	113,415	+14.9%	0.55%	+9.6%
ALLY	Sell	Ally Financial Inc	$10,947,000	-10.9%	537,162	-2.0%	0.54%	+1.3%
CNA	Sell	CNA Financial Corp	$10,846,000	-11.2%	310,519	-2.9%	0.54%	+0.9%
SKYW	Sell	SkyWest Inc	$10,806,000	+4.1%	647,812	-6.2%	0.53%	+18.4%
GOOG	Sell	Google Inccl c	$10,442,000	-5.7%	17,163	-19.3%	0.52%	+7.3%
WMT	Buy	Wal-Mart Stores Inc	$10,131,000	+15.1%	156,240	+25.9%	0.50%	+30.9%
MU	Buy	Micron Technology Inc	$8,900,000	+10.4%	594,123	+38.9%	0.44%	+25.4%
TKC	Sell	Turkcell Iletisim Hizmetleri ASspon adr new	$8,788,000	-30.4%	1,012,431	-7.8%	0.43%	-21.0%
MDRX	Sell	Allscripts Healthcare Solutions Inc	$8,749,000	-31.3%	705,568	-24.2%	0.43%	-22.1%
AON	Buy	Aon PLC	$8,620,000	+58.8%	97,284	+78.7%	0.42%	+80.9%
CLNY	New	Colony Capital Inccl a	$7,879,000	–	402,789	–	0.39%	–
VZ	Sell	Verizon Communications Inc	$7,750,000	-11.0%	178,129	-4.7%	0.38%	+1.1%
TGI	Sell	Triumph Group Inc	$6,765,000	-60.9%	160,768	-38.6%	0.33%	-55.5%
IPXL	Sell	Impax Laboratories Inc	$5,782,000	-31.9%	164,218	-11.2%	0.28%	-22.8%
FDP	Buy	Fresh Del Monte Produce Incord	$5,614,000	+4.6%	142,087	+2.4%	0.28%	+18.9%
FCX	Sell	Freeport-McMoRan Inccl b	$4,888,000	-52.3%	504,411	-8.4%	0.24%	-45.8%
BLOX	Buy	Infoblox Inc	$4,616,000	-30.3%	288,880	+14.4%	0.23%	-20.6%
FCNCA	Sell	First Citizens BancShares Inc/NCcl a	$4,560,000	-36.3%	20,175	-25.9%	0.22%	-27.7%
ACAT	Sell	Arctic Cat Inc	$3,906,000	-45.3%	176,125	-18.1%	0.19%	-37.7%
CS	Sell	Credit Suisse Group AGsponsored adr	$3,861,000	-14.0%	160,679	-1.2%	0.19%	-2.6%
ORI	Sell	Old Republic International Corp	$3,856,000	-57.0%	246,540	-57.0%	0.19%	-51.2%
EXC	Buy	Exelon Corp	$3,802,000	+40.7%	128,000	+48.8%	0.19%	+59.8%
STR	Sell	Questar Corp	$3,363,000	-49.5%	173,270	-45.6%	0.17%	-42.6%
PZE	Buy	Petrobras Argentina SAspons adr	$2,848,000	-21.1%	557,326	+2.9%	0.14%	-10.8%
BRSWQ	Buy	Bristow Group Inc	$2,584,000	-25.5%	98,791	+51.9%	0.13%	-15.3%
BHP	Buy	BHP Billiton Ltdsponsored adr	$2,515,000	+45.1%	79,541	+86.8%	0.12%	+65.3%
CRESY	Buy	Cresud SACIF y Asponsored adr	$2,340,000	-23.0%	239,249	+2.5%	0.12%	-12.9%
LUK	Sell	Leucadia National Corp	$2,317,000	-20.8%	114,362	-5.1%	0.11%	-10.2%
FOSL	Sell	Fossil Group Inc	$2,319,000	-71.7%	41,505	-64.9%	0.11%	-68.0%
NVS	Buy	Novartis AGsponsored adr	$2,253,000	+0.4%	24,513	+7.4%	0.11%	+14.4%
FE	Sell	FirstEnergy Corp	$2,074,000	-8.8%	66,253	-5.2%	0.10%	+3.0%
ABY	Buy	Abengoa Yield plc	$2,051,000	+10.4%	123,929	+108.8%	0.10%	+24.7%
CBZ	Sell	CBIZ Inc	$2,004,000	-5.4%	204,089	-7.1%	0.10%	+7.6%
TEF	Sell	Telefonica SAsponsored adr	$1,814,000	-28.9%	150,676	-16.1%	0.09%	-19.8%
RT	Sell	Ruby Tuesday Inc	$1,754,000	-7.1%	282,489	-6.2%	0.09%	+4.9%
DSW	New	DSW Inccl a	$1,624,000	–	64,176	–	0.08%	–
SSRI	Sell	Silver Standard Resources Inc	$1,223,000	-59.2%	187,560	-60.8%	0.06%	-53.8%
SPNV	Sell	Superior Energy Services Inc	$913,000	-42.7%	72,308	-4.5%	0.04%	-34.8%
TSM	Buy	Taiwan Semiconductor Manufacturing Co Ltdsponsored adr	$651,000	+4.3%	31,366	+14.1%	0.03%	+18.5%
AAPL	Buy	Apple Inc	$588,000	-2.0%	5,327	+11.2%	0.03%	+11.5%
DCMYY	Buy	NTT DOCOMO Incspons adr	$477,000	-1.6%	28,286	+11.5%	0.02%	+14.3%
IBMF	New	iShares iBonds Sep 2017 AMT-Free Muni Bond ETF17 amt-free etf	$446,000	–	16,223	–	0.02%	–
EFA	New	iShares MSCI EAFE ETFmsci eafe etf	$426,000	–	7,426	–	0.02%	–
SU	Sell	Suncor Energy Inc	$396,000	-5.7%	14,802	-3.1%	0.02%	+11.1%
SMB	New	Market Vectors Short Municipal ETFmktvec smunetf	$323,000	–	18,485	–	0.02%	–
JAZZ	New	Jazz Pharmaceuticals PLC	$277,000	–	2,083	–	0.01%	–
PHG	Sell	Koninklijke Philips NVny reg sh new	$290,000	-7.9%	12,358	-0.3%	0.01%	0.0%
PG	New	Procter & Gamble Co/The	$278,000	–	3,870	–	0.01%	–
HD	New	Home Depot Inc/The	$261,000	–	2,258	–	0.01%	–
TTM	Buy	Tata Motors Ltdsponsored adr	$270,000	-14.6%	12,009	+30.7%	0.01%	-7.1%
RDSA	Buy	Royal Dutch Shell PLCspons adr a	$257,000	-15.2%	5,414	+1.6%	0.01%	0.0%
BA	New	Boeing Co/The	$237,000	–	1,808	–	0.01%	–
PEP	New	PepsiCo Inc	$234,000	–	2,480	–	0.01%	–
JPM	New	JPMorgan Chase & Co	$244,000	–	3,998	–	0.01%	–
PSX	New	Phillips 66	$236,000	–	3,070	–	0.01%	–
SHG	New	Shinhan Financial Group Co Ltdspn adr restrd	$241,000	–	6,915	–	0.01%	–
JNJ	New	Johnson & Johnson	$221,000	–	2,365	–	0.01%	–
MSFT	Sell	Microsoft Corp	$233,000	-9.0%	5,262	-9.4%	0.01%	0.0%
CMI	New	Cummins Inc	$229,000	–	2,108	–	0.01%	–
INTC	New	Intel Corp	$219,000	–	7,251	–	0.01%	–
WFC	New	Wells Fargo & Co	$211,000	–	4,109	–	0.01%	–
MRK	New	Merck & Co Inc	$205,000	–	4,160	–	0.01%	–
UNP	New	Union Pacific Corp	$209,000	–	2,368	–	0.01%	–
IBN	Buy	ICICI Bank Ltdadr	$153,000	0.0%	18,245	+24.2%	0.01%	+14.3%
SPIL	Buy	Siliconware Precision Industries Co Ltdsponsd adr spl	$99,000	-12.4%	15,768	+3.9%	0.01%	0.0%
BBD	Sell	Banco Bradesco SAsp adr pfd new	$81,000	-58.5%	15,170	-29.0%	0.00%	-50.0%
FSLR	New	First Solar Inccall	$10,000	–	80,500	–	0.00%	–
BXLT	New	Baxalta Inccall	$9,000	–	68,500	–	0.00%	–
ABBV	Exit	AbbVie Inc	$0	–	-3,917	–	-0.01%	–
IBA	Exit	Industrias Bachoco SAB de CVspon adr b	$0	–	-5,318	–	-0.01%	–
VIG	Exit	Vanguard Dividend Appreciation ETFdiv app etf	$0	–	-3,704	–	-0.01%	–
BSV	Exit	Vanguard Short-Term Bond ETFshort trm bond	$0	–	-6,621	–	-0.02%	–
REMY	Exit	Remy International Inc	$0	–	-90,404	–	-0.09%	–
KBR	Exit	KBR Inc	$0	–	-117,369	–	-0.10%	–
SYKE	Exit	Sykes Enterprises Inc	$0	–	-156,334	–	-0.16%	–
BHI	Exit	Baker Hughes Inc	$0	–	-82,000	–	-0.22%	–

Q2 2015

			Value		Shares		↓ Weighting
UBS	New	UBS Group AG	$124,483,000	–	5,871,840	–	5.40%	–
TEVA	New	Teva Pharmaceutical Industries Ltdadr	$88,081,000	–	1,490,377	–	3.82%	–
AXS	New	Axis Capital Holdings Ltd	$86,616,000	–	1,622,937	–	3.76%	–
NTTYY	New	Nippon Telegraph & Telephone Corpsponsored adr	$75,341,000	–	2,076,104	–	3.27%	–
IM	New	Ingram Micro Inccl a	$69,224,000	–	2,765,658	–	3.00%	–
C	New	Citigroup Inc	$63,989,000	–	1,158,391	–	2.78%	–
AIG	New	American International Group Inc	$55,538,000	–	898,391	–	2.41%	–
RDSB	New	Royal Dutch Shell PLCspon adr b	$53,349,000	–	930,243	–	2.31%	–
TSN	New	Tyson Foods Inccl a	$53,077,000	–	1,245,081	–	2.30%	–
SNY	New	Sanofisponsored adr	$49,056,000	–	990,450	–	2.13%	–
SKM	New	SK Telecom Co Ltdsponsored adr	$47,261,000	–	1,906,476	–	2.05%	–
GM	New	General Motors Co	$46,646,000	–	1,399,545	–	2.02%	–
KB	New	KB Financial Group Incsponsored adr	$46,548,000	–	1,416,141	–	2.02%	–
FLEX	New	Flextronics International Ltdord	$45,019,000	–	3,980,541	–	1.95%	–
AES	New	AES Corp/VA	$44,811,000	–	3,379,451	–	1.94%	–
ORCL	New	Oracle Corp	$43,796,000	–	1,086,769	–	1.90%	–
TIME	New	Time Inc	$43,283,000	–	1,881,062	–	1.88%	–
AGU	New	Agrium Inc	$39,842,000	–	376,048	–	1.73%	–
ERIC	New	Telefonaktiebolaget LM Ericssonadr b sek 10	$39,819,000	–	3,814,096	–	1.73%	–
INGR	New	Ingredion Inc	$38,549,000	–	483,013	–	1.67%	–
RBS	New	Royal Bank of Scotland Group PLCspons adr 20 ord	$38,382,000	–	3,467,259	–	1.66%	–
ING	New	ING Groep NVsponsored adr	$35,733,000	–	2,155,235	–	1.55%	–
PFE	New	Pfizer Inc	$33,676,000	–	1,004,363	–	1.46%	–
TM	New	Toyota Motor Corp	$33,371,000	–	249,505	–	1.45%	–
GT	New	Goodyear Tire & Rubber Co/The	$33,301,000	–	1,104,541	–	1.44%	–
MAN	New	ManpowerGroup Inc	$32,554,000	–	364,231	–	1.41%	–
NRG	New	NRG Energy Inc	$31,497,000	–	1,376,623	–	1.37%	–
CSCO	New	Cisco Systems Inc	$31,101,000	–	1,132,598	–	1.35%	–
CCJ	New	Cameco Corp	$30,931,000	–	2,166,085	–	1.34%	–
ANDE	New	Andersons Inc/The	$29,342,000	–	752,375	–	1.27%	–
APA	New	Apache Corp	$27,090,000	–	470,069	–	1.18%	–
LUMN	New	CenturyLink Inc	$26,120,000	–	889,057	–	1.13%	–
AET	New	Aetna Inc	$25,155,000	–	197,362	–	1.09%	–
TECD	New	Tech Data Corp	$24,621,000	–	427,759	–	1.07%	–
KT	New	KT Corpsponsored adr	$24,491,000	–	1,933,057	–	1.06%	–
BG	New	Bunge Ltd	$24,008,000	–	273,442	–	1.04%	–
HSBC	New	HSBC Holdings PLCspon adr new	$23,687,000	–	528,611	–	1.03%	–
AGRO	New	Adecoagro SA	$23,609,000	–	2,560,736	–	1.02%	–
FSLR	New	First Solar Inc	$22,037,000	–	469,077	–	0.96%	–
YPF	New	YPF SAspon adr cl d	$20,971,000	–	764,532	–	0.91%	–
GE	New	General Electric Co	$20,147,000	–	758,270	–	0.87%	–
AEG	New	Aegon NVny registry sh	$19,775,000	–	2,672,300	–	0.86%	–
IPG	New	Interpublic Group of Cos Inc/The	$19,492,000	–	1,011,522	–	0.85%	–
CNQ	New	Canadian Natural Resources Ltd	$18,856,000	–	694,277	–	0.82%	–
ADM	New	Archer-Daniels-Midland Co	$18,696,000	–	387,723	–	0.81%	–
PKX	New	POSCOsponsored adr	$17,682,000	–	360,213	–	0.77%	–
CIT	New	CIT Group Inc	$17,576,000	–	378,077	–	0.76%	–
TIAIY	New	Telecom Italia SpAspon adr svgs	$17,317,000	–	1,706,189	–	0.75%	–
TGI	New	Triumph Group Inc	$17,291,000	–	262,032	–	0.75%	–
GSK	New	GlaxoSmithKline PLCsponsored adr	$17,257,000	–	414,339	–	0.75%	–
TS	New	Tenaris SAsponsored adr	$16,579,000	–	613,619	–	0.72%	–
SBS	New	Cia de Saneamento Basico do Estado de Sao Paulosponsored adr	$16,079,000	–	3,104,115	–	0.70%	–
DFODQ	New	Dean Foods Co	$15,256,000	–	943,492	–	0.66%	–
CFG	New	Citizens Financial Group Inc	$14,985,000	–	548,714	–	0.65%	–
XOM	New	Exxon Mobil Corp	$13,463,000	–	161,821	–	0.58%	–
BBY	New	Best Buy Co Inc	$13,117,000	–	402,242	–	0.57%	–
ENH	New	Endurance Specialty Holdings Ltd	$12,891,000	–	196,221	–	0.56%	–
MDRX	New	Allscripts Healthcare Solutions Inc	$12,738,000	–	931,171	–	0.55%	–
TKC	New	Turkcell Iletisim Hizmetleri ASspon adr new	$12,622,000	–	1,098,536	–	0.55%	–
SYMC	New	Symantec Corp	$12,385,000	–	532,712	–	0.54%	–
ALLY	New	Ally Financial Inc	$12,288,000	–	547,850	–	0.53%	–
CNA	New	CNA Financial Corp	$12,216,000	–	319,710	–	0.53%	–
GILD	New	Gilead Sciences Inc	$11,555,000	–	98,700	–	0.50%	–
SAP	New	SAP SEspon adr	$11,415,000	–	162,539	–	0.50%	–
GOOG	New	Google Inccl c	$11,070,000	–	21,269	–	0.48%	–
SKYW	New	SkyWest Inc	$10,384,000	–	690,451	–	0.45%	–
FCX	New	Freeport-McMoRan Inccl b	$10,256,000	–	550,831	–	0.44%	–
LXP	New	Lexington Realty Trust	$9,706,000	–	1,144,625	–	0.42%	–
A	New	Agilent Technologies Inc	$9,297,000	–	241,000	–	0.40%	–
CSX	New	CSX Corp	$9,220,000	–	282,409	–	0.40%	–
ORI	New	Old Republic International Corp	$8,962,000	–	573,402	–	0.39%	–
WMT	New	Wal-Mart Stores Inc	$8,802,000	–	124,106	–	0.38%	–
VZ	New	Verizon Communications Inc	$8,710,000	–	186,879	–	0.38%	–
IPXL	New	Impax Laboratories Inc	$8,496,000	–	185,032	–	0.37%	–
FOSL	New	Fossil Group Inc	$8,199,000	–	118,211	–	0.36%	–
MU	New	Micron Technology Inc	$8,058,000	–	427,755	–	0.35%	–
FCNCA	New	First Citizens BancShares Inc/NCcl a	$7,164,000	–	27,236	–	0.31%	–
ACAT	New	Arctic Cat Inc	$7,138,000	–	214,964	–	0.31%	–
STR	New	Questar Corp	$6,666,000	–	318,796	–	0.29%	–
BLOX	New	Infoblox Inc	$6,619,000	–	252,552	–	0.29%	–
AON	New	Aon PLC	$5,428,000	–	54,455	–	0.24%	–
FDP	New	Fresh Del Monte Produce Incord	$5,366,000	–	138,806	–	0.23%	–
BHI	New	Baker Hughes Inc	$5,059,000	–	82,000	–	0.22%	–
CS	New	Credit Suisse Group AGsponsored adr	$4,487,000	–	162,584	–	0.20%	–
SYKE	New	Sykes Enterprises Inc	$3,791,000	–	156,334	–	0.16%	–
PZE	New	Petrobras Argentina SAspons adr	$3,611,000	–	541,385	–	0.16%	–
BRSWQ	New	Bristow Group Inc	$3,467,000	–	65,049	–	0.15%	–
CRESY	New	Cresud SACIF y Asponsored adr	$3,038,000	–	233,361	–	0.13%	–
SSRI	New	Silver Standard Resources Inc	$3,001,000	–	477,928	–	0.13%	–
LUK	New	Leucadia National Corp	$2,925,000	–	120,500	–	0.13%	–
EXC	New	Exelon Corp	$2,702,000	–	86,000	–	0.12%	–
TEF	New	Telefonica SAsponsored adr	$2,550,000	–	179,623	–	0.11%	–
FE	New	FirstEnergy Corp	$2,274,000	–	69,871	–	0.10%	–
KBR	New	KBR Inc	$2,286,000	–	117,369	–	0.10%	–
NVS	New	Novartis AGsponsored adr	$2,243,000	–	22,816	–	0.10%	–
CBZ	New	CBIZ Inc	$2,118,000	–	219,757	–	0.09%	–
REMY	New	Remy International Inc	$1,998,000	–	90,404	–	0.09%	–
RT	New	Ruby Tuesday Inc	$1,889,000	–	301,301	–	0.08%	–
ABY	New	Abengoa Yield plc	$1,858,000	–	59,351	–	0.08%	–
BHP	New	BHP Billiton Ltdsponsored adr	$1,733,000	–	42,588	–	0.08%	–
SPNV	New	Superior Energy Services Inc	$1,592,000	–	75,687	–	0.07%	–
TSM	New	Taiwan Semiconductor Manufacturing Co Ltdsponsored adr	$624,000	–	27,491	–	0.03%	–
AAPL	New	Apple Inc	$600,000	–	4,791	–	0.03%	–
BSV	New	Vanguard Short-Term Bond ETFshort trm bond	$530,000	–	6,621	–	0.02%	–
DCMYY	New	NTT DOCOMO Incspons adr	$485,000	–	25,361	–	0.02%	–
SU	New	Suncor Energy Inc	$420,000	–	15,269	–	0.02%	–
PHG	New	Koninklijke Philips NVny reg sh new	$315,000	–	12,391	–	0.01%	–
TTM	New	Tata Motors Ltdsponsored adr	$316,000	–	9,191	–	0.01%	–
VIG	New	Vanguard Dividend Appreciation ETFdiv app etf	$291,000	–	3,704	–	0.01%	–
RDSA	New	Royal Dutch Shell PLCspons adr a	$303,000	–	5,331	–	0.01%	–
IBA	New	Industrias Bachoco SAB de CVspon adr b	$287,000	–	5,318	–	0.01%	–
ABBV	New	AbbVie Inc	$263,000	–	3,917	–	0.01%	–
MSFT	New	Microsoft Corp	$256,000	–	5,808	–	0.01%	–
BBD	New	Banco Bradesco SAsp adr pfd new	$195,000	–	21,381	–	0.01%	–
GGB	New	Gerdau SAspon adr rep pfd	$155,000	–	64,706	–	0.01%	–
IBN	New	ICICI Bank Ltdadr	$153,000	–	14,686	–	0.01%	–
SPIL	New	Siliconware Precision Industries Co Ltdsponsd adr spl	$113,000	–	15,180	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
AU	Exit	AngloGold Ashanti Ltdsponsored adr	$0	–	-14,550	–	-0.01%	–
PBRA	Exit	Petroleo Brasileiro SAsp adr non vtg	$0	–	-21,346	–	-0.01%	–
EOCCY	Exit	Empresa Nacional de Electricidad SA/Chilesponsored adr	$0	–	-8,199	–	-0.01%	–
TSM	Exit	Taiwan Semiconductor Manufacturing Co Ltdsponsored adr	$0	–	-20,600	–	-0.02%	–
AUY	Exit	Yamana Gold Inc	$0	–	-72,162	–	-0.02%	–
FCNCA	Exit	First Citizens BancShares Inc/NCcl a	$0	–	-2,916	–	-0.02%	–
TKC	Exit	Turkcell Iletisim Hizmetleri ASspon adr new	$0	–	-74,821	–	-0.04%	–
IBA	Exit	Industrias Bachoco SAB de CVspon adr b	$0	–	-36,521	–	-0.08%	–
CHL	Exit	China Mobile Ltdsponsored adr	$0	–	-45,800	–	-0.10%	–
TTM	Exit	Tata Motors Ltdsponsored adr	$0	–	-70,469	–	-0.11%	–
CBZ	Exit	CBIZ Inc	$0	–	-437,452	–	-0.13%	–
AAP	Exit	Advance Auto Parts Inc	$0	–	-27,583	–	-0.13%	–
CRESY	Exit	Cresud SACIF y Asponsored adr	$0	–	-353,109	–	-0.14%	–
SSRI	Exit	Silver Standard Resources Inc	$0	–	-719,839	–	-0.16%	–
CS	Exit	Credit Suisse Group AGsponsored adr	$0	–	-177,185	–	-0.18%	–
NVS	Exit	Novartis AGsponsored adr	$0	–	-52,461	–	-0.18%	–
PZE	Exit	Petrobras Argentina SAspons adr	$0	–	-805,376	–	-0.19%	–
ADM	Exit	Archer-Daniels-Midland Co	$0	–	-118,477	–	-0.22%	–
RT	Exit	Ruby Tuesday Inc	$0	–	-1,049,589	–	-0.23%	–
BTU	Exit	Peabody Energy Corp	$0	–	-553,622	–	-0.25%	–
SYKE	Exit	Sykes Enterprises Inc	$0	–	-360,384	–	-0.27%	–
AON	Exit	Aon PLC	$0	–	-82,854	–	-0.27%	–
EXC	Exit	Exelon Corp	$0	–	-238,587	–	-0.30%	–
KT	Exit	KT Corpsponsored adr	$0	–	-585,615	–	-0.35%	–
SKYW	Exit	SkyWest Inc	$0	–	-1,246,391	–	-0.36%	–
ENH	Exit	Endurance Specialty Holdings Ltd	$0	–	-199,634	–	-0.41%	–
TTE	Exit	Total SAsponsored adr	$0	–	-180,849	–	-0.43%	–
AET	Exit	Aetna Inc	$0	–	-145,330	–	-0.43%	–
CSX	Exit	CSX Corp	$0	–	-375,836	–	-0.44%	–
TWX	Exit	Time Warner Inc	$0	–	-161,111	–	-0.45%	–
FDP	Exit	Fresh Del Monte Produce Incord	$0	–	-426,835	–	-0.50%	–
LUK	Exit	Leucadia National Corp	$0	–	-622,583	–	-0.55%	–
CST	Exit	CST Brands Inc	$0	–	-414,343	–	-0.55%	–
CFG	Exit	Citizens Financial Group Inc	$0	–	-641,768	–	-0.55%	–
FE	Exit	FirstEnergy Corp	$0	–	-453,051	–	-0.56%	–
AGCO	Exit	AGCO Corp	$0	–	-354,389	–	-0.59%	–
MX	Exit	Magnachip Semiconductor Corp	$0	–	-1,425,800	–	-0.62%	–
EBR	Exit	Centrais Eletricas Brasileiras SAsponsored adr	$0	–	-6,202,705	–	-0.62%	–
GT	Exit	Goodyear Tire & Rubber Co/The	$0	–	-746,218	–	-0.62%	–
ALLY	Exit	Ally Financial Inc	$0	–	-750,575	–	-0.64%	–
PFE	Exit	Pfizer Inc	$0	–	-591,479	–	-0.64%	–
CNA	Exit	CNA Financial Corp	$0	–	-463,123	–	-0.65%	–
TRQ	Exit	Turquoise Hill Resources Ltd	$0	–	-4,868,946	–	-0.67%	–
CIT	Exit	CIT Group Inc	$0	–	-440,581	–	-0.75%	–
IPG	Exit	Interpublic Group of Cos Inc/The	$0	–	-1,140,234	–	-0.77%	–
DSW	Exit	DSW Inccl a	$0	–	-699,072	–	-0.78%	–
FLEX	Exit	Flextronics International Ltdord	$0	–	-2,048,190	–	-0.78%	–
ACAT	Exit	Arctic Cat Inc	$0	–	-613,229	–	-0.79%	–
IPXL	Exit	Impax Laboratories Inc	$0	–	-918,733	–	-0.80%	–
PKX	Exit	POSCOsponsored adr	$0	–	-312,250	–	-0.87%	–
GE	Exit	General Electric Co	$0	–	-926,616	–	-0.88%	–
EBRB	Exit	Centrais Eletricas Brasileiras SAspon adr pfd b	$0	–	-5,736,344	–	-0.88%	–
MAN	Exit	Manpowergroup Inc	$0	–	-340,648	–	-0.88%	–
HSBC	Exit	HSBC Holdings PLCspon adr new	$0	–	-479,931	–	-0.90%	–
GSK	Exit	GlaxoSmithKline PLCsponsored adr	$0	–	-545,668	–	-0.92%	–
WDC	Exit	Western Digital Corp	$0	–	-267,886	–	-0.96%	–
KBR	Exit	KBR Inc	$0	–	-1,417,738	–	-0.98%	–
SYMC	Exit	Symantec Corp	$0	–	-1,150,558	–	-1.00%	–
BLOX	Exit	Infoblox Inc	$0	–	-1,845,953	–	-1.00%	–
AEG	Exit	Aegon NVny registry sh	$0	–	-3,565,749	–	-1.08%	–
L	Exit	Loews Corp	$0	–	-705,906	–	-1.08%	–
TIAIY	Exit	Telecom Italia SpAspon adr svgs	$0	–	-3,394,370	–	-1.10%	–
TLM	Exit	Talisman Energy Inc	$0	–	-3,497,678	–	-1.12%	–
AGRO	Exit	Adecoagro SA	$0	–	-3,479,619	–	-1.13%	–
FCX	Exit	Freeport-McMoRan Inccl b	$0	–	-969,171	–	-1.17%	–
TECD	Exit	Tech Data Corp	$0	–	-549,108	–	-1.19%	–
TGI	Exit	Triumph Group Inc	$0	–	-508,550	–	-1.22%	–
TM	Exit	Toyota Motor Corp	$0	–	-286,267	–	-1.24%	–
LUMN	Exit	CenturyLink Inc	$0	–	-823,182	–	-1.24%	–
SNY	Exit	Sanofisponsored adr	$0	–	-653,890	–	-1.36%	–
CCJ	Exit	Cameco Corp	$0	–	-2,117,723	–	-1.38%	–
KGC	Exit	Kinross Gold Corp	$0	–	-11,408,001	–	-1.39%	–
ERIC	Exit	Telefonaktiebolaget LM Ericssonadr b sek 10	$0	–	-3,001,260	–	-1.39%	–
APA	Exit	Apache Corp	$0	–	-404,915	–	-1.40%	–
MRK	Exit	Merck & Co Inc	$0	–	-647,805	–	-1.42%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-1,539,997	–	-1.43%	–
TIME	Exit	Time Inc	$0	–	-1,789,084	–	-1.55%	–
ORCL	Exit	Oracle Corp	$0	–	-1,113,213	–	-1.57%	–
GM	Exit	General Motors Co	$0	–	-1,472,916	–	-1.74%	–
ING	Exit	ING Groep NVsponsored adr	$0	–	-3,337,624	–	-1.75%	–
AES	Exit	AES Corp/VA	$0	–	-3,348,978	–	-1.75%	–
SKM	Exit	SK Telecom Co Ltdsponsored adr	$0	–	-1,714,543	–	-1.92%	–
INGR	Exit	Ingredion Inc	$0	–	-691,663	–	-1.93%	–
BBY	Exit	Best Buy Co Inc	$0	–	-1,611,553	–	-2.00%	–
DFODQ	Exit	Dean Foods Co	$0	–	-4,106,237	–	-2.01%	–
COG	Exit	Cabot Oil & Gas Corp	$0	–	-1,697,754	–	-2.05%	–
BG	Exit	Bunge Ltd	$0	–	-696,146	–	-2.16%	–
GOLD	Exit	Barrick Gold Corp	$0	–	-4,064,493	–	-2.20%	–
KB	Exit	KB Financial Group Incsponsored adr	$0	–	-1,752,415	–	-2.34%	–
AIG	Exit	American International Group Inc	$0	–	-1,219,810	–	-2.43%	–
IM	Exit	Ingram Micro Inccl a	$0	–	-2,579,548	–	-2.46%	–
RDSB	Exit	Royal Dutch Shell PLCspon adr b	$0	–	-978,410	–	-2.86%	–
NTTYY	Exit	Nippon Telegraph & Telephone Corpsponsored adr	$0	–	-2,569,846	–	-2.95%	–
AGU	Exit	Agrium Inc	$0	–	-954,152	–	-3.13%	–
AXS	Exit	Axis Capital Holdings Ltd	$0	–	-2,118,158	–	-3.70%	–
1338PS	Exit	UBS AG	$0	–	-6,251,699	–	-4.00%	–
TEVA	Exit	Teva Pharmaceutical Industries Ltdadr	$0	–	-2,286,035	–	-4.53%	–

Q3 2014

			Value		Shares		↓ Weighting
TEVA	Sell	Teva Pharmaceutical Industries Ltdadr	$122,874,000	-0.2%	2,286,035	-2.7%	4.53%	+8.6%
1338PS	Buy	UBS AG	$108,592,000	+16.7%	6,251,699	+23.1%	4.00%	+27.0%
AXS	Sell	Axis Capital Holdings Ltd	$100,252,000	-10.0%	2,118,158	-15.8%	3.70%	-2.1%
AGU	Sell	Agrium Inc	$84,920,000	-16.1%	954,152	-13.6%	3.13%	-8.6%
NTTYY	Sell	Nippon Telegraph & Telephone Corpsponsored adr	$79,948,000	-5.3%	2,569,846	-5.0%	2.95%	+3.1%
RDSB	Buy	Royal Dutch Shell PLCspon adr b	$77,412,000	-5.9%	978,410	+3.4%	2.86%	+2.4%
IM	Buy	Ingram Micro Inccl a	$66,578,000	-3.8%	2,579,548	+8.8%	2.46%	+4.6%
AIG	Sell	American International Group Inc	$65,894,000	-1.6%	1,219,810	-0.6%	2.43%	+7.0%
KB	Sell	KB Financial Group Incsponsored adr	$63,472,000	-18.8%	1,752,415	-22.0%	2.34%	-11.6%
GOLD	Sell	Barrick Gold Corp	$59,585,000	-22.2%	4,064,493	-2.9%	2.20%	-15.3%
BG	Sell	Bunge Ltd	$58,636,000	+7.1%	696,146	-3.8%	2.16%	+16.6%
COG	Buy	Cabot Oil & Gas Corp	$55,500,000	+65.5%	1,697,754	+72.8%	2.05%	+80.2%
DFODQ	Buy	Dean Foods Co	$54,408,000	-17.0%	4,106,237	+10.2%	2.01%	-9.6%
BBY	Sell	Best Buy Co Inc	$54,132,000	-8.6%	1,611,553	-15.6%	2.00%	-0.5%
INGR	Sell	Ingredion Inc	$52,421,000	-9.5%	691,663	-10.4%	1.93%	-1.6%
SKM	Sell	SK Telecom Co Ltdsponsored adr	$52,019,000	-2.7%	1,714,543	-16.8%	1.92%	+5.8%
AES	Sell	AES Corp/VA	$47,489,000	-10.0%	3,348,978	-1.3%	1.75%	-2.1%
ING	Sell	ING Groep NVsponsored adr	$47,361,000	-8.2%	3,337,624	-9.3%	1.75%	-0.1%
GM	Sell	General Motors Co	$47,045,000	-13.8%	1,472,916	-2.1%	1.74%	-6.2%
ORCL	Buy	Oracle Corp	$42,614,000	+19.2%	1,113,213	+26.2%	1.57%	+29.8%
TIME	Buy	Time Inc	$41,918,000	-1.8%	1,789,084	+1.5%	1.55%	+6.8%
CSCO	Buy	Cisco Systems Inc	$38,762,000	+4.5%	1,539,997	+3.2%	1.43%	+13.7%
MRK	Buy	Merck & Co Inc	$38,402,000	+9.9%	647,805	+7.3%	1.42%	+19.7%
APA	Sell	Apache Corp	$38,009,000	-7.7%	404,915	-1.1%	1.40%	+0.5%
ERIC	Sell	Telefonaktiebolaget LM Ericssonadr b sek 10	$37,786,000	-18.5%	3,001,260	-21.8%	1.39%	-11.3%
KGC	Sell	Kinross Gold Corp	$37,646,000	-22.2%	11,408,001	-2.3%	1.39%	-15.3%
CCJ	Buy	Cameco Corp	$37,399,000	-7.5%	2,117,723	+2.7%	1.38%	+0.7%
SNY	Sell	Sanofisponsored adr	$36,899,000	+1.0%	653,890	-4.8%	1.36%	+9.9%
LUMN	Sell	CenturyLink Inc	$33,660,000	-5.6%	823,182	-16.4%	1.24%	+2.7%
TM	Sell	Toyota Motor Corp	$33,645,000	-4.3%	286,267	-2.6%	1.24%	+4.1%
TGI	Buy	Triumph Group Inc	$33,081,000	-3.7%	508,550	+3.4%	1.22%	+4.8%
TECD	Sell	Tech Data Corp	$32,320,000	-11.2%	549,108	-5.7%	1.19%	-3.3%
FCX	Sell	Freeport-McMoRan Inccl b	$31,643,000	-13.2%	969,171	-2.9%	1.17%	-5.5%
AGRO	Buy	Adecoagro SA	$30,621,000	+10.0%	3,479,619	+18.0%	1.13%	+19.7%
TLM	Sell	Talisman Energy Inc	$30,255,000	-52.8%	3,497,678	-42.1%	1.12%	-48.6%
TIAIY	Sell	Telecom Italia SpAspon adr svgs	$29,735,000	-13.8%	3,394,370	-3.1%	1.10%	-6.2%
L	Sell	Loews Corp	$29,408,000	-32.0%	705,906	-28.1%	1.08%	-25.9%
AEG	Sell	Aegon NVny registry sh	$29,310,000	-24.8%	3,565,749	-19.7%	1.08%	-18.1%
BLOX	New	Infoblox Inc	$27,228,000	–	1,845,953	–	1.00%	–
SYMC	Buy	Symantec Corp	$27,050,000	+7.2%	1,150,558	+4.4%	1.00%	+16.7%
KBR	Buy	KBR Inc	$26,696,000	-13.1%	1,417,738	+10.1%	0.98%	-5.4%
WDC	Sell	Western Digital Corp	$26,071,000	-11.2%	267,886	-15.8%	0.96%	-3.4%
GSK	Sell	GlaxoSmithKline PLCsponsored adr	$25,084,000	-16.3%	545,668	-2.6%	0.92%	-8.9%
HSBC	Sell	HSBC Holdings PLCspon adr new	$24,419,000	-30.7%	479,931	-30.8%	0.90%	-24.5%
MAN	Sell	Manpowergroup Inc	$23,879,000	-20.0%	340,648	-3.2%	0.88%	-12.9%
EBRB	Sell	Centrais Eletricas Brasileiras SAspon adr pfd b	$23,863,000	-13.8%	5,736,344	-1.4%	0.88%	-6.2%
GE	New	General Electric Co	$23,740,000	–	926,616	–	0.88%	–
PKX	Sell	POSCOsponsored adr	$23,700,000	-12.4%	312,250	-14.0%	0.87%	-4.6%
IPXL	Buy	Impax Laboratories Inc	$21,783,000	+199.1%	918,733	+278.4%	0.80%	+225.1%
ACAT	Buy	Arctic Cat Inc	$21,353,000	-11.3%	613,229	+0.4%	0.79%	-3.6%
FLEX	Sell	Flextronics International Ltdord	$21,137,000	-11.4%	2,048,190	-4.9%	0.78%	-3.6%
DSW	Buy	DSW Inccl a	$21,049,000	+251.7%	699,072	+226.4%	0.78%	+282.3%
IPG	Sell	Interpublic Group of Cos Inc/The	$20,889,000	-21.7%	1,140,234	-16.6%	0.77%	-14.8%
CIT	New	CIT Group Inc	$20,249,000	–	440,581	–	0.75%	–
TRQ	Sell	Turquoise Hill Resources Ltd	$18,210,000	-21.6%	4,868,946	-30.0%	0.67%	-14.6%
CNA	Sell	CNA Financial Corp	$17,613,000	-22.4%	463,123	-17.5%	0.65%	-15.5%
PFE	New	Pfizer Inc	$17,490,000	–	591,479	–	0.64%	–
ALLY	Sell	Ally Financial Inc	$17,368,000	-22.3%	750,575	-19.7%	0.64%	-15.6%
GT	New	Goodyear Tire & Rubber Co/The	$16,853,000	–	746,218	–	0.62%	–
EBR	Sell	Centrais Eletricas Brasileiras SAsponsored adr	$16,747,000	-11.6%	6,202,705	-4.4%	0.62%	-3.7%
MX	Buy	Magnachip Semiconductor Corp	$16,682,000	+214.5%	1,425,800	+278.9%	0.62%	+241.7%
AGCO	Buy	AGCO Corp	$16,111,000	-17.4%	354,389	+2.1%	0.59%	-10.1%
FE	Sell	FirstEnergy Corp	$15,209,000	-22.4%	453,051	-19.7%	0.56%	-15.5%
CFG	New	Citizens Financial Group Inc	$15,030,000	–	641,768	–	0.55%	–
CST	Sell	CST Brands Inc	$14,896,000	-4.8%	414,343	-8.7%	0.55%	+3.6%
LUK	New	Leucadia National Corp	$14,842,000	–	622,583	–	0.55%	–
FDP	Sell	Fresh Del Monte Produce Incord	$13,616,000	-31.5%	426,835	-34.1%	0.50%	-25.4%
TWX	Sell	Time Warner Inc	$12,117,000	-8.2%	161,111	-14.2%	0.45%	0.0%
CSX	Sell	CSX Corp	$12,049,000	-28.2%	375,836	-31.0%	0.44%	-21.8%
AET	Sell	Aetna Inc	$11,772,000	-54.5%	145,330	-54.5%	0.43%	-50.5%
TTE	Buy	Total SAsponsored adr	$11,656,000	+76.5%	180,849	+97.7%	0.43%	+92.0%
ENH	Sell	Endurance Specialty Holdings Ltd	$11,016,000	-54.2%	199,634	-57.2%	0.41%	-50.2%
SKYW	Buy	SkyWest Inc	$9,697,000	-21.3%	1,246,391	+23.6%	0.36%	-14.4%
KT	Buy	KT Corpsponsored adr	$9,493,000	+69.9%	585,615	+58.7%	0.35%	+85.2%
EXC	Sell	Exelon Corp	$8,133,000	-16.3%	238,587	-10.4%	0.30%	-8.8%
AON	Buy	Aon PLC	$7,264,000	+677.7%	82,854	+699.6%	0.27%	+737.5%
SYKE	Sell	Sykes Enterprises Inc	$7,200,000	-14.7%	360,384	-7.2%	0.27%	-7.0%
BTU	Sell	Peabody Energy Corp	$6,854,000	-78.2%	553,622	-71.2%	0.25%	-76.3%
RT	New	Ruby Tuesday Inc	$6,182,000	–	1,049,589	–	0.23%	–
ADM	Sell	Archer-Daniels-Midland Co	$6,054,000	-53.4%	118,477	-59.7%	0.22%	-49.3%
PZE	Buy	Petrobras Argentina SAspons adr	$5,267,000	+15.3%	805,376	+14.6%	0.19%	+25.2%
NVS	Sell	Novartis AGsponsored adr	$4,938,000	-66.8%	52,461	-68.1%	0.18%	-63.9%
CS	Buy	Credit Suisse Group AGsponsored adr	$4,897,000	-0.2%	177,185	+2.4%	0.18%	+9.0%
SSRI	Sell	Silver Standard Resources Inc	$4,391,000	-38.5%	719,839	-12.7%	0.16%	-33.1%
CRESY	Buy	Cresud SACIF y Asponsored adr	$3,849,000	-16.4%	353,109	+0.1%	0.14%	-9.0%
AAP	Sell	Advance Auto Parts Inc	$3,594,000	-10.6%	27,583	-7.4%	0.13%	-2.2%
CBZ	Sell	CBIZ Inc	$3,443,000	-18.5%	437,452	-6.5%	0.13%	-11.2%
TTM	Sell	Tata Motors Ltdsponsored adr	$3,080,000	-4.2%	70,469	-14.4%	0.11%	+4.6%
CHL	Sell	China Mobile Ltdsponsored adr	$2,691,000	-86.2%	45,800	-88.6%	0.10%	-85.0%
IBA	Sell	Industrias Bachoco SAB de CVspon adr b	$2,182,000	-29.9%	36,521	-36.9%	0.08%	-23.8%
TKC	Sell	Turkcell Iletisim Hizmetleri ASspon adr new	$983,000	-83.8%	74,821	-80.8%	0.04%	-82.5%
FCNCA	Buy	First Citizens BancShares Inc/NCcl a	$632,000	+1.0%	2,916	+14.2%	0.02%	+9.5%
AUY	Sell	Yamana Gold Inc	$433,000	-94.0%	72,162	-91.7%	0.02%	-93.4%
TSM	New	Taiwan Semiconductor Manufacturing Co Ltdsponsored adr	$416,000	–	20,600	–	0.02%	–
EOCCY	Sell	Empresa Nacional de Electricidad SA/Chilesponsored adr	$360,000	-40.9%	8,199	-39.1%	0.01%	-38.1%
PBRA	Sell	Petroleo Brasileiro SAsp adr non vtg	$318,000	-20.7%	21,346	-16.8%	0.01%	-14.3%
AU	Buy	AngloGold Ashanti Ltdsponsored adr	$175,000	-29.1%	14,550	+1.4%	0.01%	-25.0%
DCMYY	Exit	NTT DOCOMO Incspons adr	$0	–	-12,001	–	-0.01%	–
BIG	Exit	Big Lots Inc	$0	–	-112,500	–	-0.17%	–
BAA	Exit	Banro Corp	$0	–	-15,971,398	–	-0.26%	–
FDO	Exit	Family Dollar Stores Inc	$0	–	-510,054	–	-1.14%	–
DOFSQ	Exit	Diamond Offshore Drilling Inc	$0	–	-846,512	–	-1.40%	–

Q2 2014

			Value		Shares		↓ Weighting
TEVA	New	Teva Pharmaceutical Industries Ltdadr	$123,131,000	–	2,348,929	–	4.17%	–
AXS	New	Axis Capital Holdings Ltd	$111,438,000	–	2,516,674	–	3.78%	–
AGU	New	Agrium Inc	$101,160,000	–	1,104,009	–	3.43%	–
1338PS	New	UBS AG	$93,069,000	–	5,080,195	–	3.15%	–
NTTYY	New	Nippon Telegraph & Telephone Corpsponsored adr	$84,391,000	–	2,703,985	–	2.86%	–
RDSB	New	Royal Dutch Shell PLCspon adr b	$82,303,000	–	945,908	–	2.79%	–
KB	New	KB Financial Group Incsponsored adr	$78,124,000	–	2,247,519	–	2.65%	–
GOLD	New	Barrick Gold Corp	$76,599,000	–	4,185,716	–	2.60%	–
IM	New	Ingram Micro Inccl a	$69,240,000	–	2,370,413	–	2.35%	–
AIG	New	American International Group Inc	$66,994,000	–	1,227,438	–	2.27%	–
DFODQ	New	Dean Foods Co	$65,522,000	–	3,724,982	–	2.22%	–
TLM	New	Talisman Energy Inc	$64,071,000	–	6,044,404	–	2.17%	–
BBY	New	Best Buy Co Inc	$59,229,000	–	1,910,004	–	2.01%	–
INGR	New	Ingredion Inc	$57,953,000	–	772,290	–	1.96%	–
BG	New	Bunge Ltd	$54,730,000	–	723,565	–	1.85%	–
GM	New	General Motors Co	$54,605,000	–	1,504,270	–	1.85%	–
SKM	New	SK Telecom Co Ltdsponsored adr	$53,468,000	–	2,061,218	–	1.81%	–
AES	New	AES Corp/VA	$52,787,000	–	3,394,655	–	1.79%	–
ING	New	ING Groep NVsponsored adr	$51,609,000	–	3,681,134	–	1.75%	–
KGC	New	Kinross Gold Corp	$48,363,000	–	11,681,973	–	1.64%	–
ERIC	New	Telefonaktiebolaget LM Ericssonadr b sek 10	$46,378,000	–	3,839,262	–	1.57%	–
L	New	Loews Corp	$43,232,000	–	982,317	–	1.46%	–
TIME	New	Time Inc	$42,704,000	–	1,763,165	–	1.45%	–
DOFSQ	New	Diamond Offshore Drilling Inc	$41,345,000	–	846,512	–	1.40%	–
APA	New	Apache Corp	$41,183,000	–	409,293	–	1.40%	–
CCJ	New	Cameco Corp	$40,435,000	–	2,061,977	–	1.37%	–
AEG	New	Aegon NVny registry sh	$38,953,000	–	4,441,584	–	1.32%	–
CSCO	New	Cisco Systems Inc	$37,088,000	–	1,492,456	–	1.26%	–
SNY	New	Sanofisponsored adr	$36,535,000	–	687,140	–	1.24%	–
FCX	New	Freeport-McMoRan Inc	$36,449,000	–	998,592	–	1.24%	–
TECD	New	Tech Data Corp	$36,401,000	–	582,223	–	1.23%	–
ORCL	New	Oracle Corp	$35,741,000	–	881,836	–	1.21%	–
LUMN	New	CenturyLink Inc	$35,640,000	–	984,525	–	1.21%	–
HSBC	New	HSBC Holdings PLCspon adr new	$35,237,000	–	693,635	–	1.19%	–
TM	New	Toyota Motor Corp	$35,169,000	–	293,906	–	1.19%	–
MRK	New	Merck & Co Inc	$34,928,000	–	603,760	–	1.18%	–
TIAIY	New	Telecom Italia SpAspon adr svgs	$34,501,000	–	3,502,608	–	1.17%	–
TGI	New	Triumph Group Inc	$34,348,000	–	491,944	–	1.16%	–
FDO	New	Family Dollar Stores Inc	$33,735,000	–	510,054	–	1.14%	–
COG	New	Cabot Oil & Gas Corp	$33,538,000	–	982,369	–	1.14%	–
BTU	New	Peabody Energy Corp	$31,463,000	–	1,924,367	–	1.07%	–
KBR	New	KBR Inc	$30,708,000	–	1,287,530	–	1.04%	–
GSK	New	GlaxoSmithKline PLCsponsored adr	$29,967,000	–	560,331	–	1.02%	–
MAN	New	Manpowergroup Inc	$29,867,000	–	351,999	–	1.01%	–
WDC	New	Western Digital Corp	$29,362,000	–	318,120	–	1.00%	–
AGRO	New	Adecoagro SA	$27,828,000	–	2,947,839	–	0.94%	–
EBRB	New	Centrais Eletricas Brasileiras SAspon adr pfd b	$27,697,000	–	5,818,640	–	0.94%	–
PKX	New	POSCOsponsored adr	$27,041,000	–	363,259	–	0.92%	–
IPG	New	Interpublic Group of Cos Inc/The	$26,689,000	–	1,367,959	–	0.90%	–
AET	New	Aetna Inc	$25,877,000	–	319,153	–	0.88%	–
SYMC	New	Symantec Corp	$25,237,000	–	1,102,037	–	0.86%	–
ACAT	New	Arctic Cat Inc	$24,075,000	–	610,727	–	0.82%	–
ENH	New	Endurance Specialty Holdings Ltd	$24,074,000	–	466,635	–	0.82%	–
FLEX	New	Flextronics International Ltdord	$23,845,000	–	2,153,988	–	0.81%	–
TRQ	New	Turquoise Hill Resources Ltd	$23,240,000	–	6,958,000	–	0.79%	–
CNA	New	CNA Financial Corp	$22,694,000	–	561,458	–	0.77%	–
ALLY	New	Ally Financial Inc	$22,361,000	–	935,209	–	0.76%	–
FDP	New	Fresh Del Monte Produce Incord	$19,867,000	–	648,183	–	0.67%	–
FE	New	FirstEnergy Corp	$19,596,000	–	564,399	–	0.66%	–
AGCO	New	AGCO Corp	$19,509,000	–	347,019	–	0.66%	–
CHL	New	China Mobile Ltdsponsored adr	$19,479,000	–	400,725	–	0.66%	–
EBR	New	Centrais Eletricas Brasileiras SAsponsored adr	$18,951,000	–	6,490,206	–	0.64%	–
CSX	New	CSX Corp	$16,771,000	–	544,336	–	0.57%	–
CST	New	CST Brands Inc	$15,652,000	–	453,691	–	0.53%	–
NVS	New	Novartis AGsponsored adr	$14,877,000	–	164,331	–	0.50%	–
TWX	New	Time Warner Inc	$13,198,000	–	187,875	–	0.45%	–
ADM	New	Archer-Daniels-Midland Co	$12,980,000	–	294,271	–	0.44%	–
SKYW	New	SkyWest Inc	$12,326,000	–	1,008,693	–	0.42%	–
EXC	New	Exelon Corp	$9,718,000	–	266,391	–	0.33%	–
SYKE	New	Sykes Enterprises Inc	$8,440,000	–	388,404	–	0.29%	–
BAA	New	Banro Corp	$7,650,000	–	15,971,398	–	0.26%	–
IPXL	New	Impax Laboratories Inc	$7,282,000	–	242,814	–	0.25%	–
AUY	New	Yamana Gold Inc	$7,175,000	–	872,864	–	0.24%	–
SSRI	New	Silver Standard Resources Inc	$7,143,000	–	824,832	–	0.24%	–
TTE	New	Total SAsponsored adr	$6,605,000	–	91,484	–	0.22%	–
TKC	New	Turkcell Iletisim Hizmetleri ASspon adr new	$6,077,000	–	389,521	–	0.21%	–
DSW	New	DSW Inccl a	$5,985,000	–	214,200	–	0.20%	–
KT	New	KT Corpsponsored adr	$5,587,000	–	369,016	–	0.19%	–
MX	New	Magnachip Semiconductor Corp	$5,305,000	–	376,268	–	0.18%	–
BIG	New	Big Lots Inc	$5,141,000	–	112,500	–	0.17%	–
CS	New	Credit Suisse Group AGsponsored adr	$4,907,000	–	172,981	–	0.17%	–
CRESY	New	Cresud SACIF y Asponsored adr	$4,603,000	–	352,737	–	0.16%	–
PZE	New	Petrobras Argentina SAspons adr	$4,567,000	–	702,614	–	0.16%	–
CBZ	New	CBIZ Inc	$4,224,000	–	467,756	–	0.14%	–
AAP	New	Advance Auto Parts Inc	$4,019,000	–	29,785	–	0.14%	–
TTM	New	Tata Motors Ltdsponsored adr	$3,215,000	–	82,303	–	0.11%	–
IBA	New	Industrias Bachoco SAB de CVspon adr b	$3,112,000	–	57,869	–	0.10%	–
AON	New	Aon PLC	$934,000	–	10,362	–	0.03%	–
FCNCA	New	First Citizens BancShares Inc/NCcl a	$626,000	–	2,554	–	0.02%	–
EOCCY	New	Empresa Nacional de Electricidad SA/Chilesponsored adr	$609,000	–	13,468	–	0.02%	–
PBRA	New	Petroleo Brasileiro SAsp adr non vtg	$401,000	–	25,643	–	0.01%	–
AU	New	AngloGold Ashanti Ltdsponsored adr	$247,000	–	14,352	–	0.01%	–
DCMYY	New	NTT DOCOMO Incspons adr	$205,000	–	12,001	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
NG	Exit	Novagold Resources Inc	$0	–	-2,965	–	0.00%	–
IWN	Exit	iShares Russell 2000 Value ETFrus 2000 val etf	$0	–	-560	–	-0.00%	–
SWN	Exit	Southwestern Energy Co	$0	–	-540	–	-0.00%	–
ATK	Exit	Alliant Techsystems Inc	$0	–	-686	–	-0.00%	–
FDP	Exit	Fresh Del Monte Produce Incord	$0	–	-2,674	–	-0.00%	–
CSC	Exit	Computer Sciences Corp	$0	–	-1,683	–	-0.00%	–
HES	Exit	Hess Corp	$0	–	-804	–	-0.00%	–
CHK	Exit	Chesapeake Energy Corp	$0	–	-3,744	–	-0.00%	–
NOV	Exit	National Oilwell Varco Inc	$0	–	-3,100	–	-0.01%	–
ADM	Exit	Archer-Daniels-Midland Co	$0	–	-8,091	–	-0.01%	–
TLK	Exit	Telekomunikasi Indonesia Persero Tbk PTsponsored adr	$0	–	-9,028	–	-0.01%	–
GFI	Exit	Gold Fields Ltdsponsored adr	$0	–	-80,386	–	-0.01%	–
EFA	Exit	iShares MSCI EAFE ETFmsci eafe etf	$0	–	-9,237	–	-0.02%	–
KT	Exit	KT Corpsponsored adr	$0	–	-37,986	–	-0.02%	–
NEM	Exit	Newmont Mining Corp	$0	–	-22,500	–	-0.02%	–
KEP	Exit	Korea Electric Power Corpsponsored adr	$0	–	-64,103	–	-0.02%	–
AU	Exit	AngloGold Ashanti Ltdsponsored adr	$0	–	-92,331	–	-0.03%	–
IRS	Exit	IRSA Inversiones y Representaciones SAglobl dep rcpt	$0	–	-164,093	–	-0.04%	–
AZN	Exit	AstraZeneca PLCsponsored adr	$0	–	-30,022	–	-0.04%	–
AUY	Exit	Yamana Gold Inc	$0	–	-210,937	–	-0.06%	–
IBA	Exit	Industrias Bachoco SAB de CVspon adr b	$0	–	-57,532	–	-0.06%	–
DCMYY	Exit	NTT DOCOMO Incspons adr	$0	–	-150,275	–	-0.06%	–
NOK	Exit	Nokia OYJsponsored adr	$0	–	-406,172	–	-0.07%	–
TSU	Exit	Tim Participacoes SAsponsored adr	$0	–	-119,007	–	-0.08%	–
PBRA	Exit	Petroleo Brasileiro SAsp adr non vtg	$0	–	-195,634	–	-0.09%	–
PZE	Exit	Petrobras Argentina SAspons adr	$0	–	-693,904	–	-0.10%	–
ACI	Exit	Arch Coal Inc	$0	–	-1,070,945	–	-0.12%	–
FDO	Exit	Family Dollar Stores Inc	$0	–	-61,073	–	-0.12%	–
CNX	Exit	CONSOL Energy Inc	$0	–	-134,923	–	-0.12%	–
CBZ	Exit	CBIZ Inc	$0	–	-608,621	–	-0.12%	–
KR	Exit	Kroger Co/The	$0	–	-113,365	–	-0.12%	–
SYKE	Exit	Sykes Enterprises Inc	$0	–	-258,504	–	-0.12%	–
SSRI	Exit	Silver Standard Resources Inc	$0	–	-880,756	–	-0.14%	–
AA	Exit	Alcoa Inc	$0	–	-734,463	–	-0.16%	–
AET	Exit	Aetna Inc	$0	–	-97,525	–	-0.17%	–
BHI	Exit	Baker Hughes Inc	$0	–	-133,139	–	-0.17%	–
TWX	Exit	Time Warner Inc	$0	–	-100,786	–	-0.18%	–
GD	Exit	General Dynamics Corp	$0	–	-77,758	–	-0.18%	–
KBR	Exit	KBR Inc	$0	–	-210,964	–	-0.18%	–
TKC	Exit	Turkcell Iletisim Hizmetleri ASspon adr new	$0	–	-470,124	–	-0.18%	–
AGCO	Exit	AGCO Corp	$0	–	-115,257	–	-0.19%	–
DVN	Exit	Devon Energy Corp	$0	–	-130,608	–	-0.20%	–
AWCMY	Exit	Alumina Ltdsponsored adr	$0	–	-2,028,589	–	-0.20%	–
SPNV	Exit	Superior Energy Services Inc	$0	–	-317,279	–	-0.21%	–
ORI	Exit	Old Republic International Corp	$0	–	-611,566	–	-0.25%	–
BAA	Exit	Banro Corp	$0	–	-15,284,962	–	-0.27%	–
CSX	Exit	CSX Corp	$0	–	-422,462	–	-0.29%	–
MOS	Exit	Mosaic Co/The	$0	–	-256,433	–	-0.29%	–
NTRS	Exit	Northern Trust Corp	$0	–	-207,481	–	-0.30%	–
CRESY	Exit	Cresud SACIF y Asponsored adr	$0	–	-1,350,825	–	-0.31%	–
TWC	Exit	Time Warner Cable Inc	$0	–	-121,835	–	-0.36%	–
IPXL	Exit	Impax Laboratories Inc	$0	–	-674,323	–	-0.37%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-188,693	–	-0.37%	–
UFS	Exit	Domtar Corp	$0	–	-180,465	–	-0.38%	–
EBR	Exit	Centrais Eletricas Brasileiras SAsponsored adr	$0	–	-5,107,018	–	-0.38%	–
SKYW	Exit	SkyWest Inc	$0	–	-1,057,323	–	-0.41%	–
DFODQ	Exit	Dean Foods Co	$0	–	-825,603	–	-0.42%	–
AON	Exit	Aon PLC	$0	–	-235,275	–	-0.47%	–
TRQ	Exit	Turquoise Hill Resources Ltd	$0	–	-4,187,832	–	-0.49%	–
GLW	Exit	Corning Inc	$0	–	-1,297,258	–	-0.50%	–
TAP	Exit	Molson Coors Brewing Cocl b	$0	–	-380,954	–	-0.51%	–
FRX	Exit	Forest Laboratories Inc	$0	–	-454,427	–	-0.52%	–
NVS	Exit	Novartis AGsponsored adr	$0	–	-253,269	–	-0.52%	–
CNA	Exit	CNA Financial Corp	$0	–	-524,191	–	-0.53%	–
L	Exit	Loews Corp	$0	–	-448,680	–	-0.56%	–
TTE	Exit	Total SAsponsored adr	$0	–	-365,694	–	-0.56%	–
INTC	Exit	Intel Corp	$0	–	-977,421	–	-0.60%	–
TTM	Exit	Tata Motors Ltdsponsored adr	$0	–	-845,121	–	-0.60%	–
WFT	Exit	Weatherford International Ltd/Switzerland	$0	–	-1,482,737	–	-0.61%	–
MAN	Exit	Manpowergroup Inc	$0	–	-314,206	–	-0.61%	–
IPG	Exit	Interpublic Group of Cos Inc/The	$0	–	-1,424,521	–	-0.65%	–
CS	Exit	Credit Suisse Group AGsponsored adr	$0	–	-822,857	–	-0.67%	–
LUV	Exit	Southwest Airlines Co	$0	–	-1,765,216	–	-0.68%	–
BTU	Exit	Peabody Energy Corp	$0	–	-1,545,428	–	-0.71%	–
BBY	Exit	Best Buy Co Inc	$0	–	-723,641	–	-0.72%	–
GSK	Exit	GlaxoSmithKline PLCsponsored adr	$0	–	-541,893	–	-0.72%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-1,206,615	–	-0.75%	–
KGC	Exit	Kinross Gold Corp	$0	–	-5,610,897	–	-0.76%	–
AGRO	Exit	Adecoagro SA	$0	–	-3,838,088	–	-0.76%	–
ENH	Exit	Endurance Specialty Holdings Ltd	$0	–	-529,647	–	-0.76%	–
EBRB	Exit	Centrais Eletricas Brasileiras SAspon adr pfd b	$0	–	-6,215,235	–	-0.77%	–
INGR	Exit	Ingredion Inc	$0	–	-455,807	–	-0.80%	–
SNY	Exit	Sanofisponsored adr	$0	–	-625,541	–	-0.84%	–
TM	Exit	Toyota Motor Corp	$0	–	-249,748	–	-0.85%	–
VOD	Exit	Vodafone Group PLCspons adr new	$0	–	-956,611	–	-0.90%	–
WDC	Exit	Western Digital Corp	$0	–	-544,195	–	-0.92%	–
FCX	Exit	Freeport-McMoRan Copper & Gold Inc	$0	–	-1,097,939	–	-0.97%	–
TECD	Exit	Tech Data Corp	$0	–	-740,639	–	-0.98%	–
NIHDQ	Exit	NII Holdings Inccl b new	$0	–	-6,118,490	–	-0.99%	–
ERIC	Exit	Telefonaktiebolaget LM Ericssonadr b sek 10	$0	–	-2,795,864	–	-1.00%	–
TIAIY	Exit	Telecom Italia SpAspon adr svgs	$0	–	-6,226,614	–	-1.09%	–
MSFT	Exit	Microsoft Corp	$0	–	-1,230,512	–	-1.09%	–
SKM	Exit	SK Telecom Co Ltdsponsored adr	$0	–	-1,898,591	–	-1.15%	–
SIEGY	Exit	Siemens AGsponsored adr	$0	–	-359,187	–	-1.15%	–
AEG	Exit	Aegon NVny registry sh	$0	–	-6,078,078	–	-1.20%	–
APA	Exit	Apache Corp	$0	–	-534,648	–	-1.21%	–
AAP	Exit	Advance Auto Parts Inc	$0	–	-553,935	–	-1.22%	–
CCJ	Exit	Cameco Corp	$0	–	-2,577,175	–	-1.24%	–
IM	Exit	Ingram Micro Inccl a	$0	–	-2,037,304	–	-1.25%	–
BSBR	Exit	Banco Santander Brasil SA/Brazilads rep 1 unit	$0	–	-7,001,774	–	-1.30%	–
GM	Exit	General Motors Co	$0	–	-1,368,143	–	-1.31%	–
RIG	Exit	Transocean Ltd	$0	–	-1,160,707	–	-1.38%	–
ORCL	Exit	Oracle Corp	$0	–	-1,631,407	–	-1.44%	–
ING	Exit	ING Groep NVsponsored adr	$0	–	-4,974,944	–	-1.50%	–
MRK	Exit	Merck & Co Inc	$0	–	-1,195,673	–	-1.52%	–
EXC	Exit	Exelon Corp	$0	–	-1,954,388	–	-1.54%	–
TLM	Exit	Talisman Energy Inc	$0	–	-5,490,384	–	-1.68%	–
BG	Exit	Bunge Ltd	$0	–	-836,761	–	-1.69%	–
NTTYY	Exit	Nippon Telegraph & Telephone Corpsponsored adr	$0	–	-2,504,950	–	-1.74%	–
RDSB	Exit	Royal Dutch Shell PLCspon adr b	$0	–	-986,736	–	-1.81%	–
AGU	Exit	Agrium Inc	$0	–	-888,314	–	-1.99%	–
GOLD	Exit	Barrick Gold Corp	$0	–	-4,079,961	–	-2.02%	–
AIG	Exit	American International Group Inc	$0	–	-1,720,600	–	-2.23%	–
TEVA	Exit	Teva Pharmaceutical Industries Ltdadr	$0	–	-2,394,815	–	-2.41%	–
KB	Exit	KB Financial Group Incsponsored adr	$0	–	-2,629,757	–	-2.46%	–
1338PS	Exit	UBS AG	$0	–	-4,569,922	–	-2.50%	–
AXS	Exit	Axis Capital Holdings Ltd	$0	–	-2,200,988	–	-2.54%	–
	Exit	Dendreon Corpnote 2.875% 1/1	$0	–	-15,317,000	–	-24.94%	–

Q3 2013

			Value		Shares		↓ Weighting
	Sell	Dendreon Corpnote 2.875% 1/1	$935,302,000	+6252.7%	15,317,000	-25.1%	24.94%	+5541.4%
AXS	Buy	Axis Capital Holdings Ltd	$95,325,000	+15.1%	2,200,988	+21.7%	2.54%	+2.3%
1338PS	Sell	UBS AG	$93,775,000	-12.3%	4,569,922	-27.6%	2.50%	-22.1%
KB	Buy	KB Financial Group Incsponsored adr	$92,094,000	+28.5%	2,629,757	+8.7%	2.46%	+14.2%
TEVA	Sell	Teva Pharmaceutical Industries Ltdadr	$90,476,000	-35.5%	2,394,815	-33.1%	2.41%	-42.7%
AIG	Sell	American International Group Inc	$83,673,000	-3.1%	1,720,600	-10.9%	2.23%	-13.9%
GOLD	Sell	Barrick Gold Corp	$75,969,000	-18.6%	4,079,961	-31.2%	2.02%	-27.7%
AGU	New	Agrium Inc	$74,645,000	–	888,314	–	1.99%	–
RDSB	Sell	Royal Dutch Shell PLCspon adr b	$67,937,000	-18.1%	986,736	-21.2%	1.81%	-27.2%
NTTYY	Sell	Nippon Telegraph & Telephone Corpsponsored adr	$65,279,000	-33.6%	2,504,950	-33.7%	1.74%	-41.0%
BG	Sell	Bunge Ltd	$63,519,000	-18.1%	836,761	-23.6%	1.69%	-27.2%
TLM	Sell	Talisman Energy Inc	$63,139,000	-0.6%	5,490,384	-1.2%	1.68%	-11.7%
EXC	Sell	Exelon Corp	$57,928,000	-8.7%	1,954,388	-4.9%	1.54%	-19.0%
MRK	Sell	Merck & Co Inc	$56,925,000	+0.1%	1,195,673	-2.4%	1.52%	-11.1%
ING	Sell	ING Groep NVsponsored adr	$56,466,000	-24.0%	4,974,944	-39.1%	1.50%	-32.5%
ORCL	New	Oracle Corp	$54,114,000	–	1,631,407	–	1.44%	–
RIG	Buy	Transocean Ltd	$51,651,000	+76.5%	1,160,707	+90.1%	1.38%	+56.8%
GM	Sell	General Motors Co	$49,212,000	-3.5%	1,368,143	-10.6%	1.31%	-14.2%
BSBR	Sell	Banco Santander Brasil SA/Brazilads rep 1 unit	$48,662,000	-2.2%	7,001,774	-12.5%	1.30%	-13.1%
IM	Sell	Ingram Micro Inccl a	$46,960,000	-17.9%	2,037,304	-32.3%	1.25%	-27.0%
CCJ	Sell	Cameco Corp	$46,570,000	-52.2%	2,577,175	-45.3%	1.24%	-57.5%
AAP	Sell	Advance Auto Parts Inc	$45,799,000	-14.5%	553,935	-16.1%	1.22%	-24.0%
APA	Sell	Apache Corp	$45,520,000	-26.5%	534,648	-27.6%	1.21%	-34.7%
AEG	Sell	Aegon NVny registry sh	$44,978,000	-25.8%	6,078,078	-32.2%	1.20%	-34.0%
SIEGY	Sell	Siemens AGsponsored adr	$43,286,000	-13.7%	359,187	-29.4%	1.15%	-23.3%
SKM	Sell	SK Telecom Co Ltdsponsored adr	$43,098,000	-22.4%	1,898,591	-30.5%	1.15%	-31.1%
MSFT	Buy	Microsoft Corp	$40,951,000	+142.2%	1,230,512	+151.4%	1.09%	+115.4%
TIAIY	Sell	Telecom Italia SpAspon adr svgs	$40,847,000	-27.4%	6,226,614	-38.3%	1.09%	-35.4%
ERIC	Sell	Telefonaktiebolaget LM Ericssonadr b sek 10	$37,325,000	+3.1%	2,795,864	-12.9%	1.00%	-8.4%
NIHDQ	Buy	NII Holdings Inccl b new	$37,139,000	-1.1%	6,118,490	+8.5%	0.99%	-12.2%
TECD	Sell	Tech Data Corp	$36,965,000	-14.6%	740,639	-19.4%	0.98%	-24.2%
FCX	Buy	Freeport-McMoRan Copper & Gold Inc	$36,320,000	+30.5%	1,097,939	+9.0%	0.97%	+15.9%
WDC	Sell	Western Digital Corp	$34,502,000	-17.0%	544,195	-18.7%	0.92%	-26.3%
VOD	Sell	Vodafone Group PLCspons adr new	$33,654,000	-36.9%	956,611	-48.4%	0.90%	-43.9%
TM	Sell	Toyota Motor Corp	$31,975,000	-29.0%	249,748	-33.1%	0.85%	-37.0%
SNY	Sell	Sanofisponsored adr	$31,671,000	-38.1%	625,541	-37.1%	0.84%	-45.1%
INGR	New	Ingredion Inc	$30,161,000	–	455,807	–	0.80%	–
EBRB	Sell	Centrais Eletricas Brasileiras SAspon adr pfd b	$29,025,000	+7.5%	6,215,235	-8.6%	0.77%	-4.4%
ENH	Sell	Endurance Specialty Holdings Ltd	$28,453,000	-12.0%	529,647	-15.8%	0.76%	-21.8%
AGRO	Buy	Adecoagro SA	$28,440,000	+39.1%	3,838,088	+17.3%	0.76%	+23.5%
KGC	Sell	Kinross Gold Corp	$28,335,000	-62.1%	5,610,897	-61.7%	0.76%	-66.3%
CSCO	Buy	Cisco Systems Inc	$28,272,000	-2.2%	1,206,615	+1.6%	0.75%	-13.0%
GSK	Sell	GlaxoSmithKline PLCsponsored adr	$27,187,000	-37.3%	541,893	-37.6%	0.72%	-44.3%
BBY	Sell	Best Buy Co Inc	$27,137,000	-26.2%	723,641	-46.2%	0.72%	-34.5%
BTU	Sell	Peabody Energy Corp	$26,659,000	+6.1%	1,545,428	-9.9%	0.71%	-5.7%
LUV	Sell	Southwest Airlines Co	$25,702,000	-3.4%	1,765,216	-14.5%	0.68%	-14.3%
CS	Sell	Credit Suisse Group AGsponsored adr	$25,138,000	-0.3%	822,857	-13.6%	0.67%	-11.5%
IPG	Sell	Interpublic Group of Cos Inc/The	$24,473,000	-18.2%	1,424,521	-30.7%	0.65%	-27.3%
MAN	Sell	Manpowergroup Inc	$22,855,000	-10.0%	314,206	-32.2%	0.61%	-20.1%
WFT	Sell	Weatherford International Ltd/Switzerland	$22,730,000	-68.0%	1,482,737	-71.4%	0.61%	-71.5%
TTM	New	Tata Motors Ltdsponsored adr	$22,497,000	–	845,121	–	0.60%	–
INTC	Buy	Intel Corp	$22,403,000	+88.9%	977,421	+99.7%	0.60%	+67.7%
TTE	Sell	Total SAsponsored adr	$21,181,000	-0.3%	365,694	-16.2%	0.56%	-11.3%
L	Sell	Loews Corp	$20,971,000	-24.3%	448,680	-28.1%	0.56%	-32.7%
CNA	Sell	CNA Financial Corp	$20,014,000	-15.5%	524,191	-27.8%	0.53%	-24.9%
NVS	Buy	Novartis AGsponsored adr	$19,428,000	+41.4%	253,269	+30.3%	0.52%	+25.7%
FRX	Sell	Forest Laboratories Inc	$19,445,000	-37.6%	454,427	-40.2%	0.52%	-44.7%
TAP	Sell	Molson Coors Brewing Cocl b	$19,097,000	+2.2%	380,954	-2.5%	0.51%	-9.3%
GLW	Sell	Corning Inc	$18,927,000	-4.9%	1,297,258	-7.3%	0.50%	-15.4%
TRQ	Sell	Turquoise Hill Resources Ltd	$18,510,000	-40.9%	4,187,832	-20.7%	0.49%	-47.5%
AON	Sell	Aon PLC	$17,514,000	-16.8%	235,275	-28.1%	0.47%	-26.1%
DFODQ	New	Dean Foods Co	$15,934,000	–	825,603	–	0.42%	–
SKYW	Sell	SkyWest Inc	$15,352,000	-17.1%	1,057,323	-22.7%	0.41%	-26.4%
EBR	Sell	Centrais Eletricas Brasileiras SAsponsored adr	$14,351,000	-16.4%	5,107,018	-36.9%	0.38%	-25.6%
UFS	Sell	Domtar Corp	$14,333,000	-36.2%	180,465	-46.6%	0.38%	-43.3%
WMT	Buy	Wal-Mart Stores Inc	$13,956,000	+35.4%	188,693	+36.3%	0.37%	+20.4%
IPXL	New	Impax Laboratories Inc	$13,803,000	–	674,323	–	0.37%	–
TWC	Sell	Time Warner Cable Inc	$13,597,000	-2.6%	121,835	-1.9%	0.36%	-13.6%
CRESY	Buy	Cresud SACIF y Asponsored adr	$11,793,000	+32.5%	1,350,825	+12.7%	0.31%	+17.6%
NTRS	New	Northern Trust Corp	$11,283,000	–	207,481	–	0.30%	–
MOS	Sell	Mosaic Co/The	$11,032,000	-47.6%	256,433	-34.4%	0.29%	-53.4%
CSX	New	CSX Corp	$10,874,000	–	422,462	–	0.29%	–
BAA	Sell	Banro Corp	$10,126,000	-34.7%	15,284,962	-26.1%	0.27%	-41.9%
ORI	Sell	Old Republic International Corp	$9,418,000	-59.2%	611,566	-65.9%	0.25%	-63.7%
SPNV	Buy	Superior Energy Services Inc	$7,945,000	+3.3%	317,279	+7.0%	0.21%	-8.2%
AWCMY	Sell	Alumina Ltdsponsored adr	$7,688,000	-39.8%	2,028,589	-43.3%	0.20%	-46.5%
DVN	Sell	Devon Energy Corp	$7,544,000	-45.5%	130,608	-51.1%	0.20%	-51.6%
AGCO	Sell	AGCO Corp	$6,964,000	-62.7%	115,257	-69.0%	0.19%	-66.8%
TKC	Buy	Turkcell Iletisim Hizmetleri ASspon adr new	$6,934,000	+80.2%	470,124	+75.6%	0.18%	+60.9%
KBR	New	KBR Inc	$6,886,000	–	210,964	–	0.18%	–
GD	Sell	General Dynamics Corp	$6,805,000	-4.5%	77,758	-14.5%	0.18%	-15.4%
TWX	Sell	Time Warner Inc	$6,633,000	-3.5%	100,786	-15.2%	0.18%	-14.1%
BHI	Sell	Baker Hughes Inc	$6,537,000	-9.5%	133,139	-14.9%	0.17%	-19.8%
AET	Sell	Aetna Inc	$6,244,000	-33.1%	97,525	-33.6%	0.17%	-40.7%
AA	Sell	Alcoa Inc	$5,964,000	-33.9%	734,463	-36.3%	0.16%	-41.3%
SSRI	Sell	Silver Standard Resources Inc	$5,417,000	-45.2%	880,756	-43.5%	0.14%	-51.4%
SYKE	Sell	Sykes Enterprises Inc	$4,625,000	-22.9%	258,504	-32.1%	0.12%	-31.7%
KR	Sell	Kroger Co/The	$4,573,000	-87.6%	113,365	-89.4%	0.12%	-89.0%
CBZ	Sell	CBIZ Inc	$4,528,000	-39.3%	608,621	-45.2%	0.12%	-46.0%
CNX	Sell	CONSOL Energy Inc	$4,540,000	-41.9%	134,923	-53.2%	0.12%	-48.5%
ACI	Sell	Arch Coal Inc	$4,402,000	-75.6%	1,070,945	-77.6%	0.12%	-78.4%
FDO	Sell	Family Dollar Stores Inc	$4,398,000	-54.7%	61,073	-60.8%	0.12%	-59.9%
PZE	Sell	Petrobras Argentina SAspons adr	$3,914,000	-47.6%	693,904	-66.3%	0.10%	-53.6%
PBRA	Sell	Petroleo Brasileiro SAsp adr non vtg	$3,273,000	-45.5%	195,634	-52.3%	0.09%	-51.7%
TSU	Sell	Tim Participacoes SAsponsored adr	$2,805,000	-76.4%	119,007	-81.4%	0.08%	-79.0%
NOK	Sell	Nokia OYJsponsored adr	$2,644,000	-33.2%	406,172	-61.6%	0.07%	-41.2%
DCMYY	Sell	NTT DOCOMO Incspons adr	$2,437,000	-28.7%	150,275	-31.2%	0.06%	-36.9%
IBA	Sell	Industrias Bachoco SAB de CVspon adr b	$2,271,000	-28.4%	57,532	-37.1%	0.06%	-35.8%
AUY	Buy	Yamana Gold Inc	$2,194,000	+214.3%	210,937	+187.3%	0.06%	+176.2%
IRS	Sell	IRSA Inversiones y Representaciones SAglobl dep rcpt	$1,464,000	-25.9%	164,093	-38.3%	0.04%	-33.9%
AU	Sell	AngloGold Ashanti Ltdsponsored adr	$1,226,000	-71.0%	92,331	-68.7%	0.03%	-74.0%
KT	Sell	KT Corpsponsored adr	$637,000	-68.6%	37,986	-71.0%	0.02%	-72.1%
NEM	Sell	Newmont Mining Corp	$632,000	-88.7%	22,500	-88.0%	0.02%	-89.9%
EFA	New	iShares MSCI EAFE ETFmsci eafe etf	$589,000	–	9,237	–	0.02%	–
ADM	Sell	Archer-Daniels-Midland Co	$298,000	-98.8%	8,091	-98.9%	0.01%	-99.0%
NOV	New	National Oilwell Varco Inc	$242,000	–	3,100	–	0.01%	–
CHK	New	Chesapeake Energy Corp	$97,000	–	3,744	–	0.00%	–
CSC	New	Computer Sciences Corp	$87,000	–	1,683	–	0.00%	–
ATK	New	Alliant Techsystems Inc	$67,000	–	686	–	0.00%	–
FDP	Sell	Fresh Del Monte Produce Incord	$79,000	-99.2%	2,674	-99.2%	0.00%	-99.3%
HES	New	Hess Corp	$62,000	–	804	–	0.00%	–
SWN	New	Southwestern Energy Co	$20,000	–	540	–	0.00%	–
IWN	New	iShares Russell 2000 Value ETFrus 2000 val etf	$51,000	–	560	–	0.00%	–
NG	New	Novagold Resources Inc	$7,000	–	2,965	–	0.00%	–
GFA	Exit	Gafisa SAspons adr	$0	–	-20,900	–	-0.00%	–
DNDNQ	Exit	Dendreon Corp	$0	–	-29,713	–	-0.00%	–
POT	Exit	Potash Corp of Saskatchewan Inc	$0	–	-14,857	–	-0.02%	–
WWAV	Exit	WhiteWave Foods Co	$0	–	-34,904	–	-0.02%	–
WWAVB	Exit	WhiteWave Foods Co	$0	–	-49,888	–	-0.02%	–
BMA	Exit	Banco Macro SAspon adr b	$0	–	-69,530	–	-0.03%	–
DLTR	Exit	Dollar Tree Inc	$0	–	-40,000	–	-0.06%	–
LAYN	Exit	Layne Christensen Co	$0	–	-121,031	–	-0.07%	–
DF	Exit	Dean Foods Co	$0	–	-329,365	–	-0.10%	–
WAG	Exit	Walgreen Co	$0	–	-146,385	–	-0.19%	–
BP	Exit	BP PLCsponsored adr	$0	–	-328,758	–	-0.41%	–
SAI	Exit	SAIC Inc	$0	–	-2,152,728	–	-0.90%	–
MDRX	Exit	Allscripts Healthcare Solutions Inc	$0	–	-2,385,982	–	-0.93%	–
TSN	Exit	Tyson Foods Inccl a	$0	–	-1,272,032	–	-0.98%	–

Q2 2013

			Value		Shares		↓ Weighting
TEVA	New	Teva Pharmaceutical Industries Ltdadr	$140,292,000	–	3,578,874	–	4.21%	–
1338PS	New	UBS AG	$106,944,000	–	6,309,370	–	3.21%	–
NTTYY	New	Nippon Telegraph & Telephone Corpsponsored adr	$98,279,000	–	3,778,510	–	2.95%	–
CCJ	New	Cameco Corp	$97,404,000	–	4,714,604	–	2.92%	–
GOLD	New	Barrick Gold Corp	$93,348,000	–	5,930,637	–	2.80%	–
AIG	New	American International Group Inc	$86,321,000	–	1,931,126	–	2.59%	–
RDSB	New	Royal Dutch Shell PLCspon adr b	$82,941,000	–	1,251,555	–	2.49%	–
AXS	New	Axis Capital Holdings Ltd	$82,825,000	–	1,809,198	–	2.48%	–
BG	New	Bunge Ltd	$77,552,000	–	1,095,835	–	2.33%	–
KGC	New	Kinross Gold Corp	$74,729,000	–	14,652,687	–	2.24%	–
ING	New	ING Groep NVsponsored adr	$74,293,000	–	8,173,017	–	2.23%	–
KB	New	KB Financial Group Incsponsored adr	$71,661,000	–	2,418,522	–	2.15%	–
WFT	New	Weatherford International Ltd/Switzerland	$70,948,000	–	5,178,651	–	2.13%	–
TLM	New	Talisman Energy Inc	$63,525,000	–	5,557,733	–	1.91%	–
EXC	New	Exelon Corp	$63,475,000	–	2,055,544	–	1.90%	–
APA	New	Apache Corp	$61,926,000	–	738,713	–	1.86%	–
AEG	New	Aegon NVny registry sh	$60,590,000	–	8,963,064	–	1.82%	–
IM	New	Ingram Micro Inccl a	$57,171,000	–	3,010,606	–	1.72%	–
MRK	New	Merck & Co Inc	$56,883,000	–	1,224,598	–	1.71%	–
TIAIY	New	Telecom Italia SpAspon adr svgs	$56,233,000	–	10,095,606	–	1.69%	–
SKM	New	SK Telecom Co Ltdsponsored adr	$55,536,000	–	2,731,735	–	1.67%	–
AAP	New	Advance Auto Parts Inc	$53,562,000	–	659,871	–	1.61%	–
VOD	New	Vodafone Group PLCspons adr new	$53,304,000	–	1,854,360	–	1.60%	–
SNY	New	Sanofisponsored adr	$51,205,000	–	994,079	–	1.54%	–
GM	New	General Motors Co	$50,978,000	–	1,530,416	–	1.53%	–
SIEGY	New	Siemens AGsponsored adr	$50,129,000	–	509,030	–	1.50%	–
BSBR	New	Banco Santander Brasil SA/Brazilads rep 1 unit	$49,764,000	–	8,000,635	–	1.49%	–
TM	New	Toyota Motor Corp	$45,058,000	–	373,426	–	1.35%	–
GSK	New	GlaxoSmithKline PLCsponsored adr	$43,367,000	–	867,863	–	1.30%	–
TECD	New	Tech Data Corp	$43,276,000	–	919,004	–	1.30%	–
WDC	New	Western Digital Corp	$41,575,000	–	669,593	–	1.25%	–
NIHDQ	New	NII Holdings Inccl b new	$37,566,000	–	5,640,596	–	1.13%	–
KR	New	Kroger Co/The	$36,882,000	–	1,067,812	–	1.11%	–
BBY	New	Best Buy Co Inc	$36,778,000	–	1,345,706	–	1.10%	–
ERIC	New	Telefonaktiebolaget LM Ericssonadr b sek 10	$36,204,000	–	3,209,602	–	1.09%	–
TSN	New	Tyson Foods Inccl a	$32,666,000	–	1,272,032	–	0.98%	–
ENH	New	Endurance Specialty Holdings Ltd	$32,348,000	–	628,735	–	0.97%	–
TRQ	New	Turquoise Hill Resources Ltd	$31,304,000	–	5,278,974	–	0.94%	–
FRX	New	Forest Laboratories Inc	$31,174,000	–	760,341	–	0.94%	–
MDRX	New	Allscripts Healthcare Solutions Inc	$30,875,000	–	2,385,982	–	0.93%	–
SAI	New	SAIC Inc	$29,988,000	–	2,152,728	–	0.90%	–
IPG	New	Interpublic Group of Cos Inc/The	$29,902,000	–	2,055,097	–	0.90%	–
RIG	New	Transocean Ltd	$29,269,000	–	610,417	–	0.88%	–
CSCO	New	Cisco Systems Inc	$28,905,000	–	1,187,775	–	0.87%	–
FCX	New	Freeport-McMoRan Copper & Gold Inc	$27,823,000	–	1,007,709	–	0.84%	–
L	New	Loews Corp	$27,700,000	–	623,881	–	0.83%	–
EBRB	New	Centrais Eletricas Brasileiras SAspon adr pfd b	$26,996,000	–	6,799,965	–	0.81%	–
LUV	New	Southwest Airlines Co	$26,615,000	–	2,064,743	–	0.80%	–
ADM	New	Archer-Daniels-Midland Co	$25,880,000	–	763,190	–	0.78%	–
MAN	New	Manpowergroup Inc	$25,386,000	–	463,242	–	0.76%	–
CS	New	Credit Suisse Group AGsponsored adr	$25,213,000	–	952,886	–	0.76%	–
BTU	New	Peabody Energy Corp	$25,115,000	–	1,715,527	–	0.75%	–
CNA	New	CNA Financial Corp	$23,691,000	–	726,279	–	0.71%	–
ORI	New	Old Republic International Corp	$23,067,000	–	1,792,329	–	0.69%	–
UFS	New	Domtar Corp	$22,472,000	–	337,928	–	0.67%	–
TTE	New	Total SAsponsored adr	$21,243,000	–	436,193	–	0.64%	–
AON	New	Aon PLC	$21,060,000	–	327,270	–	0.63%	–
MOS	New	Mosaic Co/The	$21,042,000	–	391,042	–	0.63%	–
AGRO	New	Adecoagro SA	$20,449,000	–	3,271,843	–	0.61%	–
GLW	New	Corning Inc	$19,905,000	–	1,398,785	–	0.60%	–
TAP	New	Molson Coors Brewing Cocl b	$18,692,000	–	390,559	–	0.56%	–
AGCO	New	AGCO Corp	$18,660,000	–	371,796	–	0.56%	–
SKYW	New	SkyWest Inc	$18,518,000	–	1,367,686	–	0.56%	–
ACI	New	Arch Coal Inc	$18,067,000	–	4,779,751	–	0.54%	–
EBR	New	Centrais Eletricas Brasileiras SAsponsored adr	$17,168,000	–	8,098,224	–	0.52%	–
MSFT	New	Microsoft Corp	$16,906,000	–	489,390	–	0.51%	–
BAA	New	Banro Corp	$15,512,000	–	20,683,037	–	0.46%	–
	New	Dendreon Corpnote 2.875% 1/1	$14,723,000	–	20,449,000	–	0.44%	–
TWC	New	Time Warner Cable Inc	$13,963,000	–	124,138	–	0.42%	–
DVN	New	Devon Energy Corp	$13,845,000	–	266,859	–	0.42%	–
BP	New	BP PLCsponsored adr	$13,722,000	–	328,758	–	0.41%	–
NVS	New	Novartis AGsponsored adr	$13,740,000	–	194,315	–	0.41%	–
AWCMY	New	Alumina Ltdsponsored adr	$12,763,000	–	3,575,115	–	0.38%	–
TSU	New	Tim Participacoes SAsponsored adr	$11,903,000	–	639,947	–	0.36%	–
INTC	New	Intel Corp	$11,857,000	–	489,341	–	0.36%	–
WMT	New	Wal-Mart Stores Inc	$10,310,000	–	138,403	–	0.31%	–
SSRI	New	Silver Standard Resources Inc	$9,879,000	–	1,558,197	–	0.30%	–
FDO	New	Family Dollar Stores Inc	$9,715,000	–	155,922	–	0.29%	–
FDP	New	Fresh Del Monte Produce Incord	$9,743,000	–	349,466	–	0.29%	–
AET	New	Aetna Inc	$9,334,000	–	146,898	–	0.28%	–
AA	New	Alcoa Inc	$9,018,000	–	1,153,168	–	0.27%	–
CRESY	New	Cresud SACIF y Asponsored adr	$8,903,000	–	1,198,243	–	0.27%	–
CNX	New	CONSOL Energy Inc	$7,820,000	–	288,547	–	0.24%	–
SPNV	New	Superior Energy Services Inc	$7,690,000	–	296,457	–	0.23%	–
CBZ	New	CBIZ Inc	$7,457,000	–	1,111,343	–	0.22%	–
PZE	New	Petrobras Argentina SAspons adr	$7,465,000	–	2,062,049	–	0.22%	–
BHI	New	Baker Hughes Inc	$7,220,000	–	156,505	–	0.22%	–
GD	New	General Dynamics Corp	$7,124,000	–	90,952	–	0.21%	–
TWX	New	Time Warner Inc	$6,876,000	–	118,914	–	0.21%	–
WAG	New	Walgreen Co	$6,470,000	–	146,385	–	0.19%	–
PBRA	New	Petroleo Brasileiro SAsp adr non vtg	$6,011,000	–	410,036	–	0.18%	–
SYKE	New	Sykes Enterprises Inc	$5,997,000	–	380,547	–	0.18%	–
NEM	New	Newmont Mining Corp	$5,612,000	–	187,380	–	0.17%	–
AU	New	AngloGold Ashanti Ltdsponsored adr	$4,223,000	–	295,296	–	0.13%	–
NOK	New	Nokia OYJsponsored adr	$3,959,000	–	1,058,672	–	0.12%	–
TKC	New	Turkcell Iletisim Hizmetleri ASspon adr new	$3,848,000	–	267,776	–	0.12%	–
DCMYY	New	NTT DOCOMO Incspons adr	$3,418,000	–	218,424	–	0.10%	–
DF	New	Dean Foods Co	$3,300,000	–	329,365	–	0.10%	–
IBA	New	Industrias Bachoco SAB de CVspon adr b	$3,172,000	–	91,414	–	0.10%	–
LAYN	New	Layne Christensen Co	$2,361,000	–	121,031	–	0.07%	–
DLTR	New	Dollar Tree Inc	$2,034,000	–	40,000	–	0.06%	–
KT	New	KT Corpsponsored adr	$2,031,000	–	130,839	–	0.06%	–
IRS	New	IRSA Inversiones y Representaciones SAglobl dep rcpt	$1,976,000	–	265,996	–	0.06%	–
AZN	New	AstraZeneca PLCsponsored adr	$1,420,000	–	30,022	–	0.04%	–
BMA	New	Banco Macro SAspon adr b	$998,000	–	69,530	–	0.03%	–
WWAVB	New	WhiteWave Foods Co	$758,000	–	49,888	–	0.02%	–
KEP	New	Korea Electric Power Corpsponsored adr	$725,000	–	64,103	–	0.02%	–
AUY	New	Yamana Gold Inc	$698,000	–	73,420	–	0.02%	–
POT	New	Potash Corp of Saskatchewan Inc	$566,000	–	14,857	–	0.02%	–
WWAV	New	WhiteWave Foods Co	$567,000	–	34,904	–	0.02%	–
GFI	New	Gold Fields Ltdsponsored adr	$422,000	–	80,386	–	0.01%	–
TLK	New	Telekomunikasi Indonesia Persero Tbk PTsponsored adr	$386,000	–	9,028	–	0.01%	–
DNDNQ	New	Dendreon Corp	$122,000	–	29,713	–	0.00%	–
GFA	New	Gafisa SAspons adr	$52,000	–	20,900	–	0.00%	–

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