| Moerus Capital Management LLC | 4,147,766 | $34,675,324 | 10.43% |
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| DUMAC, INC. | 60,857 | $508,765 | 3.16% |
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| INCA Investments LLC | 772,588 | $6,459 | 2.79% |
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| O'Keefe Stevens Advisory, Inc. | 517,215 | $4,323,916 | 2.57% |
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| Hedges Asset Management LLC | 315,084 | $2,634,102 | 2.35% |
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| American Trust Investment Advisors, LLC | 422,714 | $3,533,889 | 2.24% |
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| BW Gestao de Investimentos Ltda. | 1,676,889 | $14,019 | 2.09% |
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| GLOBEFLEX CAPITAL L P | 1,189,818 | $9,946,878 | 1.26% |
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| DELTEC ASSET MANAGEMENT LLC | 344,147 | $2,877,069 | 0.82% |
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| PRIVATE MANAGEMENT GROUP INC | 2,199,256 | $18,385,780 | 0.82% |
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| AUXIER ASSET MANAGEMENT | 341,247 | $2,852,825 | 0.49% |
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| FNY Investment Advisers, LLC | 39,816 | $332 | 0.46% |
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| Yorktown Management & Research Co Inc | 44,700 | $373,692 | 0.46% |
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| MIRABELLA FINANCIAL SERVICES LLP | 544,232 | $4,549,780 | 0.41% |
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| Redwood Investments, LLC | 306,179 | $2,559,656 | 0.34% |
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| ACORN FINANCIAL ADVISORY SERVICES INC /ADV | 193,101 | $1,614,326 | 0.34% |
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| DGS Capital Management, LLC | 47,956 | $400,912 | 0.26% |
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| Diligent Investors, LLC | 83,904 | $701,436 | 0.23% |
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| TimesSquare Capital Management, LLC | 1,616,000 | $13,510 | 0.19% |
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| FOX RUN MANAGEMENT, L.L.C. | 56,811 | $474,940 | 0.19% |
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