The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AAR Corp. COM 000361105 4,665 165,928 SH   SOLE   143,892 1,280 20,756
Aarons Inc COM 002535300 6,791 230,190 SH   SOLE   200,360 0 29,830
ABB LTD SPON ADR COM 000375204 7,343 190,087 SH   SOLE   21,896 0 168,191
AbbVie INC COM 00287y109 241 4,572 SH   SOLE   4,572 0 0
ABM INDUSTRIES INC COM 000957100 5,989 208,775 SH   SOLE   181,420 1,120 26,235
Ace Limited COM H0023R105 232 2,245 SH   SOLE   2,245 0 0
Acorda Therapeutics Inc COM 00484M106 30 1,025 SH   SOLE   1,025 0 0
Aegion Corp COM 00770f104 2,971 135,201 SH   SOLE   117,518 0 17,683
Aegon Nv COM 007924103 8,116 582,582 SH   SOLE   72,336 0 510,246
AES CORP COMMON STOCK USD.01 COM 00130H105 65 4,456 SH   SOLE   4,456 0 0
AETNA INC NEW COM 00817y108 378 5,515 SH   SOLE   5,515 0 0
AFLAC INC COMMON STOCK USD.1 COM 001055102 3,113 28,752 SH   SOLE   28,752 0 0
AGCO Corp. COM 001084102 60 1,020 SH   SOLE   1,020 0 0
Agilent Technologies Inc COM 00846U101 148 550 SH   SOLE   550 0 0
AGRIUM INC COMMON STOCK NPV COM 008916108 6,781 52,163 SH   SOLE   10,234 0 41,929
AIRCASTLE LTD COM G0129k104 11,674 607,040 SH   SOLE   526,337 3,227 77,476
Alaska Air Group Inc. COM 011659109 72 988 SH   SOLE   988 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 12,548 102,760 SH   SOLE   89,245 400 13,115
Allianz SE - ADR (1 to 1/10 ALV GR) COM 018805101 7,143 271,437 SH   SOLE   34,195 0 237,242
ALLIED WORLD ASSUR NEW F COM H01531104 9,155 80,843 SH   SOLE   78,675 556 1,612
ALLSTATE CORPORATION COM 020002101 2,575 25,579 SH   SOLE   25,579 0 0
ALTRIA GROUP INC COM 02209s103 328 8,550 SH   SOLE   8,550 0 0
Amcol International Corp COM 02341W103 3,371 98,860 SH   SOLE   86,250 500 12,110
America Movil-ADR Series L COM 02364w105 7,267 214,080 SH   SOLE   26,436 0 187,644
American Axle & Mfg Hldgs COM 024061103 13,182 642,147 SH   SOLE   556,975 3,870 81,302
American International Group COM 026874784 212 4,151 SH   SOLE   4,151 0 0
AMERIPRISE FINANCIAL INC COMMON STOCK USD. COM 03076C106 138 260 SH   SOLE   260 0 0
AMN ELEC POWER CO COM 025537101 115 520 SH   SOLE   520 0 0
ANADARKO PETROLEUM CORP COM 032511107 2,852 22,270 SH   SOLE   22,270 0 0
Annaly Mtg Mgmt Inc. COM 035710409 40 4,035 SH   SOLE   4,035 0 0
APACHE CORP COM 037411105 318 3,703 SH   SOLE   3,703 0 0
APOLLO INVESTMENT CORP COM 03761U106 38 4,458 SH   SOLE   4,458 0 0
Apple Computer COM 037833100 2,934 3,289 SH   SOLE   3,289 0 0
Ares Capital Corp COM 04010l103 70 3,915 SH   SOLE   3,915 0 0
ARRIS GROUP INC COMMON STOCK USD.01 COM 04270V106 12,336 505,149 SH   SOLE   438,672 3,576 62,901
ARROW ELECTRONICS INC COMMON STOCK USD1.0 COM 042735100 205 1,785 SH   SOLE   1,785 0 0
Ashford Hospitality Trust COM 044103109 2,599 312,880 SH   SOLE   272,310 0 40,570
ASPEN INSURANCE HOLDINGF COM G05384105 8,481 204,605 SH   SOLE   177,865 1,110 25,630
Associated Banc Corp COM 045487105 11,233 642,900 SH   SOLE   555,725 3,300 83,875
ASSOCIATED ESTATE RLTY COM COM 045604105 3,958 245,680 SH   SOLE   212,794 0 32,886
ASTRAZENECA PLC ADR F SPONSORED ADR 1 ADR COM 046353108 9,630 106,975 SH   SOLE   36,644 0 70,331
Atlas Air Worldwide COM 049164205 32 772 SH   SOLE   772 0 0
ATWOOD OCEANICS INC COM 050095108 9,498 177,241 SH   SOLE   154,214 688 22,339
Avnet Inc Com COM 053807103 64 1,458 SH   SOLE   1,458 0 0
AXIS CAPITAL HOLDINGS LTD COMMON STOCK USD COM G0692U109 139 620 SH   SOLE   620 0 0
Banco Bilbao Vizcaya - ADR COM 05946K101 7,161 397,997 SH   SOLE   50,015 0 347,982
BANCO BRADESCO S A SP ADR PFD NEW COM 059460303 45 3,603 SH   SOLE   3,603 0 0
Banco De Chile - ADR COM 059520106 45 512 SH   SOLE   512 0 0
BANCO SANT SA ADR COM 05964H105 7,606 594,446 SH   SOLE   68,476 0 525,970
BANCO SANTANDER BRASIL-ADS COM 05967a107 46 7,488 SH   SOLE   7,488 0 0
BANCORPSOUTH INC COM 059692103 8,940 350,395 SH   SOLE   302,717 2,108 45,570
BANK OF AMERICA CORP COM 060505104 2,769 105,168 SH   SOLE   105,168 0 0
Bank of Montreal COM 063671101 48 720 SH   SOLE   720 0 0
Bank Of New York Mellon Corp. COM 064058100 2,950 52,232 SH   SOLE   52,232 0 0
Bank of Nova Scotia COM 064149107 50 807 SH   SOLE   807 0 0
Barclays PLC- ADR COM 06738E204 5,485 297,824 SH   SOLE   38,068 0 259,756
BARNES GROUP INC COM 067806109 5,465 142,158 SH   SOLE   123,051 975 18,132
BARRICK GOLD CORPORATION COM 067901108 45 2,542 SH   SOLE   2,542 0 0
BEST BUY CO INC COM 086516101 156 3,900 SH   SOLE   3,900 0 0
BHP BILLITON LTD ADR F SPONSORED ADR 1 ADR COM 088606108 9,568 91,168 SH   SOLE   27,751 0 63,417
BIG LOTS INC COMMON STOCK USD.01 COM 089302103 7,391 228,059 SH   SOLE   197,369 1,350 29,340
Blackrock Inc COM 09247x101 2,690 5,065 SH   SOLE   5,065 0 0
Blucora Inc COM 095229100 52 1,782 SH   SOLE   1,782 0 0
BP PLC ADR F SPONSORED ADR 1 ADR REP 6 ORD COM 055622104 10,467 142,771 SH   SOLE   49,536 0 93,235
Brady Corp WI CL A COM 104674106 4,260 137,269 SH   SOLE   119,506 680 17,083
Brandywine Rlty Tr Sh Ben Int New COM 105368203 10,251 727,515 SH   SOLE   632,050 3,750 91,715
BRINKER INTL INC COM 109641100 10,925 234,930 SH   SOLE   204,345 1,225 29,360
BRINKS CO COM 109696104 10,462 305,350 SH   SOLE   264,365 1,050 39,935
Broadcom Corp. COM 111320107 2,607 49,606 SH   SOLE   49,606 0 0
Brocade Communications COM 111621306 10,934 1,228,392 SH   SOLE   1,054,951 7,235 166,206
BT Group PLC - SPON ADR COM 05577e101 54 855 SH   SOLE   855 0 0
C A C I INC CL A COM 127190304 40 553 SH   SOLE   553 0 0
C B L & ASSOC PROPERTIES REIT COM 124830100 6,520 363,007 SH   SOLE   317,460 1,625 43,922
C&J Energy Services Inc COM 12467b304 40 1,715 SH   SOLE   1,715 0 0
CA INC COMMON STOCK USD.1 COM 12673P105 2,635 41,102 SH   SOLE   41,102 0 0
Cabot Corp. COM 127055101 10,871 210,759 SH   SOLE   183,167 1,137 26,455
CANADIAN IMPRL BK COMM COM COM 136069101 50 591 SH   SOLE   591 0 0
Canon Inc- ADR COM 138006309 6,600 141,769 SH   SOLE   16,385 0 125,384
CAPITAL ONE FINANCIAL CORP COMMON STOCK US COM 14040H105 230 3,008 SH   SOLE   3,008 0 0
Cardinal Health COM 14149y108 107 0 SH   SOLE   0 0 0
Carlisle Cos Inc COM 142339100 6,136 76,966 SH   SOLE   65,660 464 10,842
CARNIVAL CORP NEW F PAIRED STK SPECIAL VTG COM 143658300 44 1,100 SH   SOLE   1,100 0 0
CARNIVAL PLC-ADR COM 14365C103 7,522 124,421 SH   SOLE   14,503 0 109,918
CATERPILLAR INC COMMON STOCK USD1.0 COM 149123101 2,545 15,665 SH   SOLE   15,665 0 0
CEC ENTERTAINMENT INC COM 125137109 3,065 68,987 SH   SOLE   59,912 500 8,575
CELESTICA SUB VTG SHS COM 15101Q108 3,115 298,345 SH   SOLE   264,050 2,825 31,470
CENTURYLINK INC COMMON STOCK USD1.0 COM 156700106 200 6,269 SH   SOLE   6,269 0 0
CF INDUSTRIES HOLDINGS INC COMMON STOCK US COM 125269100 126 542 SH   SOLE   542 0 0
CHARLES RIVER LABORATORIES COMMON STOCK US COM 159864107 11,287 212,072 SH   SOLE   184,100 875 27,097
Chemical Financial Corp. COM 163731102 1,859 58,391 SH   SOLE   50,608 200 7,583
CHESAPEAKE ENERGY CORP COM 165167107 2,848 61,423 SH   SOLE   61,423 0 0
CHEVRON CORP COM 166764100 357 2,855 SH   SOLE   2,855 0 0
China Mobile LTD Spn ADR COM 16941m109 6,318 83,313 SH   SOLE   10,324 0 72,989
CHINA PETE & CHEM CORP SPON ADR H SHS COM 16941r108 49 591 SH   SOLE   591 0 0
CHUBB CORP COM 171232101 92 950 SH   SOLE   950 0 0
CIA Vale Do Rio Doce - ADR COM 91912e105 6,891 310,580 SH   SOLE   40,732 0 269,848
CIGNA CORP COMMON STOCK USD.25 COM 125509109 380 2,883 SH   SOLE   2,883 0 0
Cirrus Logic Inc. COM 172755100 35 1,694 SH   SOLE   1,694 0 0
Cisco Systems Inc. COM 17275R102 3,105 86,875 SH   SOLE   86,875 0 0
CITIGROUP INC COM 172967424 2,782 33,247 SH   SOLE   33,247 0 0
City National Corp. COM 178566105 4,294 53,975 SH   SOLE   45,365 175 8,435
Cliffs Natural Resources Inc COM 18683k101 67 2,571 SH   SOLE   2,571 0 0
CLOUD PEAK ENERGY INC COM COM 18911Q102 44 2,438 SH   SOLE   2,438 0 0
CNOOC LTD ADR COM 126132109 6,578 24,259 SH   SOLE   2,874 0 21,385
COEUR D ALENE MINES CORP COMMON STOCK USD. COM 192108504 3,451 316,976 SH   SOLE   276,932 0 40,044
COMERICA INC COM COM 200340107 521 8,651 SH   SOLE   8,651 0 0
COMPUTER SCIENCES CORP COMMON STOCK USD1.0 COM 205363104 139 530 SH   SOLE   530 0 0
CONOCOPHILLIPS COM 20825c104 3,690 31,725 SH   SOLE   31,725 0 0
Cooper Tire And Rubber COM 216831107 4,347 180,141 SH   SOLE   156,461 0 23,680
CORNING INC COMMON STOCK USD.5 COM 219350105 2,551 80,787 SH   SOLE   80,787 0 0
CRANE CO COMMON STOCK USD1.0 COM 224399105 9,054 132,451 SH   SOLE   113,966 750 17,735
Credit Suisse Grp Spons- ADR COM 225401108 6,582 145,413 SH   SOLE   16,514 0 128,899
Crocs Inc COM 227046109 45 2,838 SH   SOLE   2,838 0 0
CSG Systems Intl COM 126349109 3,907 132,398 SH   SOLE   114,633 775 16,990
CSX Corp COM 126408103 2,325 41,978 SH   SOLE   41,978 0 0
CTC Media Inc COM 12642x106 7,335 361,109 SH   SOLE   41,918 0 319,191
Curtiss-Wright Corp. COM 231561101 8,945 143,180 SH   SOLE   123,716 864 18,600
D S T SYSTEMS INC COM 233326107 8,753 96,100 SH   SOLE   83,000 600 12,500
Darden Restaurants Inc. COM 237194105 131 510 SH   SOLE   510 0 0
DEERE + CO COMMON STOCK USD1.0 COM 244199105 222 2,429 SH   SOLE   2,429 0 0
Delhaize Le Lion S A Adr COM 29759w101 7,107 83,015 SH   SOLE   9,263 0 73,752
DELTA AIR LINES INC COM 247361702 57 2,076 SH   SOLE   2,076 0 0
Deluxe Corp. COM 248019101 48 925 SH   SOLE   925 0 0
DENBURY RESOURCES INC COMMON STOCK USD.001 COM 247916208 127 1,680 SH   SOLE   1,680 0 0
Deutsche Bank AG REG COM D18190898 2,801 11,637 SH   SOLE   11,637 0 0
DEVON ENERGY CP NEW COM 25179m103 3,046 26,159 SH   SOLE   26,159 0 0
DEVRY INC DEL COM 251893103 42 1,173 SH   SOLE   1,173 0 0
DirecTV Group Inc. COM 25490a309 230 3,337 SH   SOLE   3,337 0 0
DISCOVER FINANCIAL SERVICES COMMON STOCK U COM 254709108 228 4,073 SH   SOLE   4,073 0 0
DISNEY WALT CO COM 254687106 36 470 SH   SOLE   470 0 0
Donnelley (R R) & Sons Co COM 257867101 471 23,247 SH   SOLE   23,247 0 0
Du Pont (E I) De Nemours COM 263534109 195 2,998 SH   SOLE   2,998 0 0
DUKE REALTY CORP REIT USD.01 COM 264411505 97 1,380 SH   SOLE   1,380 0 0
East West Bancorp Inc. COM 27579R104 7,737 220,215 SH   SOLE   182,905 1,500 35,810
Eastman Chemical Co COM 277432100 48 599 SH   SOLE   599 0 0
Eaton Corporation PLC Ordinary COM G29183103 2,649 18,245 SH   SOLE   18,245 0 0
Ecopetrol SA-Sponsored ADR COM 279158109 38 999 SH   SOLE   999 0 0
EDISON INTERNATIONAL COMMON STOCK NPV COM 281020107 211 4,556 SH   SOLE   4,556 0 0
ELI LILLY & CO COM 532457108 243 4,760 SH   SOLE   4,760 0 0
EMCOR GROUP INC COM 29084Q100 4,761 111,785 SH   SOLE   97,130 625 14,030
EMERSON ELECTRIC CO COM 291011104 23 325 SH   SOLE   325 0 0
Encana Corp COM 292505104 49 2,702 SH   SOLE   2,702 0 0
ENDO HEALTH SOLUTIONS INC COMMON STOCK USD COM 29264F205 93 1,378 SH   SOLE   1,378 0 0
ENDURANCE SPECALTY HLDGF COM G30397106 9,147 155,373 SH   SOLE   135,437 1,003 18,933
ENERGIZER HOLDINGS INC COMMON STOCK USD.01 COM 29266R108 135 270 SH   SOLE   270 0 0
ENERGY XXI BERMUDA COM G10082140 4,077 150,085 SH   SOLE   130,435 0 19,650
ENERSYS COM 29275Y102 6,565 93,300 SH   SOLE   80,620 565 12,115
ENGILITY HOLDINGS INC COM 29285w104 37 1,095 SH   SOLE   1,095 0 0
Eni S P A Sponsored ADR COM 26874r108 7,172 101,953 SH   SOLE   12,594 0 89,359
ENSCO PLC SPON ADR ADR USD.1 COM g3157s106 213 2,266 SH   SOLE   2,266 0 0
Entergy Corp COM 29364G103 108 1,701 SH   SOLE   1,701 0 0
EPIQ SYS INC COM COM 26882D109 2,014 124,158 SH   SOLE   107,888 687 15,583
ESTERLINE TECH CORP COM 297425100 8,962 87,561 SH   SOLE   75,715 450 11,396
Everest Reins Hldgs COM g3223r108 68 435 SH   SOLE   435 0 0
EXELIS INC COM 30162A108 46 2,421 SH   SOLE   2,421 0 0
EXELON CORP COMMON STOCK NPV COM 30161N101 186 6,778 SH   SOLE   6,778 0 0
EXXON MOBIL CORP COMMON STOCK NPV COM 30231G102 234 2,312 SH   SOLE   2,312 0 0
EZCorp Inc Non Vtg Cl A COM 302301106 25 2,111 SH   SOLE   2,111 0 0
FEDERATED INVESTORS INC CL B COMMON STOCK COM 314211103 4,029 139,413 SH   SOLE   120,547 807 18,059
FEDEX CORPORATION COM 31428x106 2,424 9,102 SH   SOLE   9,102 0 0
Fidelity National Title - Class A COM 31620R105 78 2,418 SH   SOLE   2,418 0 0
FIFTH THIRD BANCORP COM 316773100 3,228 92,545 SH   SOLE   92,545 0 0
First American Financial COM 31847R102 48 1,690 SH   SOLE   1,690 0 0
First Horizon National Corp COM 320517105 9,008 770,660 SH   SOLE   670,585 5,080 94,995
First Midwest Bancorp, Inc. COM 320867104 3,884 220,785 SH   SOLE   191,790 1,025 27,970
First Niagara Financial Group COM 33582V108 7,424 696,020 SH   SOLE   587,458 4,441 104,121
First Solar Inc COM 336433107 82 1,507 SH   SOLE   1,507 0 0
FIRSTENERGY CORP COMMON STOCK USD.1 COM 337932107 180 5,467 SH   SOLE   5,467 0 0
FIRSTMERIT CORP COM 337915102 7,906 354,240 SH   SOLE   302,208 2,300 49,732
Ford Motor Co COM 345370860 2,825 112,525 SH   SOLE   112,525 0 0
Foster (LB) Co. - Class A COM 350060109 1,666 35,114 SH   SOLE   30,445 189 4,480
FREEPORT MCMORAN COPPER COMMON STOCK USD.1 COM 35671D857 277 7,341 SH   SOLE   7,341 0 0
FRONTIER COMMUNICATIONS CORP COM 35906a108 2 468 SH   SOLE   468 0 0
FULTON FINANCIAL CORP COM 360271100 8,931 679,970 SH   SOLE   587,605 4,125 88,240
GANNETT CO COMMON STOCK USD1.0 COM 364730101 70 2,367 SH   SOLE   2,367 0 0
GENERAL CABLE CP DE NEW COM 369300108 7,947 266,646 SH   SOLE   232,176 1,363 33,107
GENERAL DYNAMICS CORP COMMON STOCK USD1.0 COM 369550108 226 2,364 SH   SOLE   2,364 0 0
GENERAL ELECTRIC COMPANY COM 369604103 2,473 46,479 SH   SOLE   46,479 0 0
General Motors COM 37045V100 230 5,633 SH   SOLE   5,633 0 0
Gentiva Health Services COM 37247a102 1,674 134,335 SH   SOLE   116,705 713 16,917
Genworth FINL INC. COM COM 37247d106 75 4,810 SH   SOLE   4,810 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 2,889 10,173 SH   SOLE   10,173 0 0
GOODYEAR TIRE + RUBBER CO COMMON STOCK NPV COM 382550101 65 2,719 SH   SOLE   2,719 0 0
HALLIBURTON CO COMMON STOCK USD2.5 COM 406216101 2,551 29,749 SH   SOLE   29,749 0 0
Hancock Hldg Co Com COM 410120109 10,678 290,120 SH   SOLE   252,250 1,570 36,300
HANOVER INSURANCE GROUP COM 410867105 12,702 212,005 SH   SOLE   184,880 1,150 25,975
HARRIS CORP COMMON STOCK USD1.0 COM 413875105 2,938 24,300 SH   SOLE   24,300 0 0
HARTFORD FINL SVCS GRP COM 416515104 3,336 55,908 SH   SOLE   55,908 0 0
HCA Holdings Inc COM 40412C101 56 1,177 SH   SOLE   1,177 0 0
HCC INSURANCE HOLDINGS INC COMMON STOCK US COM 404132102 64 1,388 SH   SOLE   1,388 0 0
HELEN OF TROY LTD F COM G4388N106 7,881 159,028 SH   SOLE   138,243 1,000 19,785
Helmerich & Payne Inc Com COM 423452101 76 908 SH   SOLE   908 0 0
HESS CORP COMMON STOCK USD1.0 COM 42809H107 219 2,636 SH   SOLE   2,636 0 0
HEWLETT PACKARD CO COMMON STOCK USD.01 COM 428236103 2,801 62,045 SH   SOLE   62,045 0 0
Hillenbrand Inc COM 431571108 4,100 138,929 SH   SOLE   120,722 770 17,437
Hill-Rom Holdings Inc COM 431475102 8,333 200,886 SH   SOLE   175,398 1,030 24,458
HOLLYFRONTIER CORP COM 436106108 71 1,423 SH   SOLE   1,423 0 0
HOSPITALITY PPTYS TRUST BENEFICIAL INTERES COM 44106M102 7,429 270,671 SH   SOLE   226,604 1,475 42,592
HSBC Hldgs PLC Spons-ADR COM 404280406 6,800 85,636 SH   SOLE   9,894 0 75,742
HUMANA INC COMMON STOCK USD.166 COM 444859102 216 2,095 SH   SOLE   2,095 0 0
Huntington Bancshares In COM 446150104 68 7,001 SH   SOLE   7,001 0 0
HUNTINGTON INGALLS INDUSTRIE COM 446413106 12 133 SH   SOLE   133 0 0
Huntsman Corp COM 447011107 153 1,340 SH   SOLE   1,340 0 0
Hyster-Yale Materials Class A COM 449172105 2,971 31,790 SH   SOLE   27,624 0 4,166
Icici Bank Ltd COM 45104g104 55 1,490 SH   SOLE   1,490 0 0
IDACORP INCORPORATED COM 451107106 9,576 184,085 SH   SOLE   160,240 750 23,095
Imperial Oil Ltd COM 453038408 48 1,086 SH   SOLE   1,086 0 0
Independent Bk Cp Mass Com COM 453836108 2,216 56,480 SH   SOLE   49,185 150 7,145
Info Systems Tech LTD ADR COM 456788108 7,557 91,828 SH   SOLE   10,600 0 81,228
ING GP NV SPSD ADR COM 456837103 7,940 389,611 SH   SOLE   49,613 0 339,998
Ingersoll Rand Plc COM g47791101 130 440 SH   SOLE   440 0 0
Ingram Micro Inc COM 457153104 8,017 340,331 SH   SOLE   292,804 2,000 45,527
INGREDION INC COM COM 457187102 65 952 SH   SOLE   952 0 0
Inland Real Estate Corp COM 457461200 40 3,777 SH   SOLE   3,777 0 0
Insight Enterprises Inc. COM 45765U103 44 1,925 SH   SOLE   1,925 0 0
Integra Hldgs Corp. COM 457985208 5,503 114,901 SH   SOLE   99,780 611 14,510
Intel Corp COM 458140100 232 8,930 SH   SOLE   8,930 0 0
Interdigital Inc. COM 45867G101 30 1,009 SH   SOLE   1,009 0 0
International Bncshrs Com COM 459044103 2,809 106,207 SH   SOLE   92,777 217 13,213
INTL BUSINESS MACHINES CORP COMMON STOCK U COM 459200101 2,927 9,634 SH   SOLE   9,634 0 0
INTL GAME TECHNOLOGY COMMON STOCK USD.0001 COM 459902102 2,860 89,713 SH   SOLE   89,713 0 0
Invesco Ltd COM g491bt108 137 810 SH   SOLE   810 0 0
Ishares Tr Russell 2000 COM 464287655 4,434 38,438 SH   SOLE   17,297 4,400 16,741
Ishares Tr Russl 1000 COM 464287598 46 0 SH   SOLE   0 0 0
ITAU UNIBANCO HLDNG-PREF ADR COM 465562106 6,956 349,047 SH   SOLE   44,686 0 304,361
ITRON INC COM 465741106 5,269 126,736 SH   SOLE   110,776 0 15,960
ITT CORP COMMON STOCK USD1.0 COM 450911201 8,766 201,120 SH   SOLE   173,755 1,225 26,140
JABIL CIRCUIT INC COM 466313103 443 25,387 SH   SOLE   25,387 0 0
Janus Capital Group, Inc. COM 47102x105 8,400 676,670 SH   SOLE   586,355 3,790 86,525
JOY GLOBAL INC COMMON STOCK USD1.0 COM 481165108 65 1,115 SH   SOLE   1,115 0 0
JPMORGAN CHASE & CO COM 46625h100 3,084 33,914 SH   SOLE   33,914 0 0
KB Financial Group Inc-ADR COM 48241a105 7,694 130,971 SH   SOLE   16,676 0 114,295
Keycorp COM 493267108 2,830 120,649 SH   SOLE   120,649 0 0
Kindred Healthcare Inc. COM 494580103 5,276 266,222 SH   SOLE   231,552 1,400 33,270
KINROSS GOLD CORP COM 496902404 3,473 539,560 SH   SOLE   66,560 0 473,000
KKR Financial Corp COM 48248a306 5,639 460,797 SH   SOLE   398,822 0 61,975
KLA-TENCOR Corp COM 482480100 127 420 SH   SOLE   420 0 0
Kohls Corp. COM 500255104 2,988 31,098 SH   SOLE   31,098 0 0
Koppers COM 50060P106 2,513 54,772 SH   SOLE   47,501 500 6,771
KROGER CO COMMON STOCK USD1.0 COM 501044101 581 14,701 SH   SOLE   14,701 0 0
Kulicke & Soffa Industries COM 501242101 7,039 527,288 SH   SOLE   456,478 3,192 67,618
L 3 COMMUNICATIONS HLDGS INC COMMON STOCK COM 502424104 3,132 17,038 SH   SOLE   17,038 0 0
Lakeland Financial Corp. COM 511656100 2,417 61,760 SH   SOLE   53,825 150 7,785
Lear Corp. COM 521865204 165 430 SH   SOLE   430 0 0
Lender Processing Services COM 52602e102 43 1,159 SH   SOLE   1,159 0 0
LEXMARK INTL INC CL A CLASS A COM 529771107 40 1,119 SH   SOLE   1,119 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 10,733 202,411 SH   SOLE   176,206 775 25,430
LINCOLN NATIONAL CORP COMMON STOCK NPV COM 534187109 309 3,155 SH   SOLE   3,155 0 0
LORILLARD INC COMMON STOCK USD.01 COM 544147101 88 370 SH   SOLE   370 0 0
LOWES COMPANIES INC COM 548661107 178 3,600 SH   SOLE   3,600 0 0
LSI Logic Corp. COM 502161102 84 7,572 SH   SOLE   7,572 0 0
LYONDELLBASELL INDU-CL A COM N53745100 231 2,883 SH   SOLE   2,883 0 0
M&T Bank Corporation COM 55261F104 211 1,816 SH   SOLE   1,816 0 0
MACK CALI REALTY CORP REIT USD.01 COM 554489104 7,143 332,323 SH   SOLE   288,405 0 43,918
Macy's Inc. COM 55616p104 247 4,622 SH   SOLE   4,622 0 0
Mantech International Corp. - A COM 564563104 3,677 122,390 SH   SOLE   106,340 660 15,390
MARATHON OIL CORP COM 565849106 322 6,383 SH   SOLE   6,383 0 0
Marathon Petroleum Corp COM 56585a102 278 3,035 SH   SOLE   3,035 0 0
Marvell Technology Group Ltd COM G5876H105 7,296 344,094 SH   SOLE   41,717 0 302,377
Matthews International Corp COM 577128101 2,915 68,175 SH   SOLE   59,195 500 8,480
Mentor Graphics Corp COM 587200106 8,413 348,285 SH   SOLE   302,655 1,880 43,750
MEREDITH CORP COM 589433101 9,597 184,588 SH   SOLE   160,097 995 23,496
Meritage Corp. COM 59001A102 43 906 SH   SOLE   906 0 0
METLIFE INC COMMON STOCK USD.01 COM 59156R108 2,921 33,742 SH   SOLE   33,742 0 0
MICROSEMI CORPORATION COM 595137100 9,243 369,070 SH   SOLE   319,260 2,200 47,610
MICROSOFT CORP COM 594918104 3,071 50,974 SH   SOLE   50,974 0 0
Mitsubishi UFJ Financial Group Inc. ADS COM 606822104 6,854 695,384 SH   SOLE   90,440 0 604,944
Mizuho Finl Group Inc. COM 60687Y109 48 11,005 SH   SOLE   11,005 0 0
Mobile TeleSystems OJSC ADR COM 607409109 47 2,192 SH   SOLE   2,192 0 0
MOLSON COOR BREW CO CL B COM 60871r209 136 520 SH   SOLE   520 0 0
MONTPELIER RE HLDGS LTD COM G62185106 4,441 152,050 SH   SOLE   132,175 820 19,055
Mosaic Co/The COM 61945c103 217 4,592 SH   SOLE   4,592 0 0
MURPHY OIL CORP COMMON STOCK USD1.0 COM 626717102 174 1,172 SH   SOLE   1,172 0 0
MYLAN INC COMMON STOCK USD.5 COM 628530107 53 1,221 SH   SOLE   1,221 0 0
Nabors Industries Ltd. COM G6359F103 397 23,384 SH   SOLE   23,384 0 0
NASDAQ OMX GROUP/THE COMMON STOCK USD.01 COM 631103108 240 2,809 SH   SOLE   2,809 0 0
NATIONAL OILWELL VARCO INC COMMON STOCK US COM 637071101 161 2,019 SH   SOLE   2,019 0 0
Navigant Consulting Inc. COM 63935N107 1,320 68,421 SH   SOLE   59,117 404 8,900
NBT Bancorp COM 628778102 2,428 93,358 SH   SOLE   80,929 516 11,913
NCR Corp COM 62886E108 118 740 SH   SOLE   740 0 0
NELNET INC CL A COM 64031N108 2,938 69,484 SH   SOLE   60,487 187 8,810
NEWMONT MINING CORP COM 651639106 1,462 40,622 SH   SOLE   40,622 0 0
Nippon Teleg Adr COM 654624105 6,830 169,651 SH   SOLE   22,635 0 147,016
Nomura Hldg Inc Spons- ADR COM 65535H208 6,915 612,091 SH   SOLE   69,103 0 542,988
NORFOLK SOUTHERN CORP COMMON STOCK USD1.0 COM 655844108 149 340 SH   SOLE   340 0 0
Northern Oil and Gas Inc COM 665531109 42 2,785 SH   SOLE   2,785 0 0
NORTHROP GRUMMAN CORP COM 666807102 247 2,157 SH   SOLE   2,157 0 0
NTT Docomo Inc Spons- ADR COM 62942M201 48 2,897 SH   SOLE   2,897 0 0
NUCOR CORP COMMON STOCK USD.4 COM 670346105 118 470 SH   SOLE   470 0 0
OCCIDENTAL PETE CORP COM 674599105 283 2,971 SH   SOLE   2,971 0 0
Oil States International Inc COM 678026105 114 240 SH   SOLE   240 0 0
Olin Corp COM 680665205 10,952 378,330 SH   SOLE   328,985 1,975 47,370
Omega Healthcare Investors COM 681936100 7,344 245,445 SH   SOLE   206,535 1,615 37,295
OPEN JT STK CO-VIMPEL SPONSORED ADR COM 92719a106 54 4,193 SH   SOLE   4,193 0 0
Oracle Corp COM 68389X105 285 7,441 SH   SOLE   7,441 0 0
Oshkosh Truck Corp. COM 688239201 227 1,951 SH   SOLE   1,951 0 0
OWENS &MINOR INC HLDG CO COM 690732102 9,316 253,937 SH   SOLE   222,098 1,025 30,814
OWENS ILLINOIS INC COMMON STOCK USD.01 COM 690768403 248 3,023 SH   SOLE   3,023 0 0
PAN AMERICAN SILVER CP F COM 697900108 4,633 394,626 SH   SOLE   344,764 0 49,862
PartnerRe Ltd. COM G6852T105 130 260 SH   SOLE   260 0 0
Pennsylvania Rl Est Tr Sh Ben Int COM 709102107 6,866 360,435 SH   SOLE   313,335 1,915 45,185
PETROCHINA CO LTD SP ADR COM 71646E100 46 423 SH   SOLE   423 0 0
Petroleo Brasileiro S/A COM 71654v408 6,964 347,128 SH   SOLE   44,119 0 303,009
PFIZER INCORPORATED COM 717081103 311 10,163 SH   SOLE   10,163 0 0
PHILIP MORRIS INTL INC COM 718172109 100 1,150 SH   SOLE   1,150 0 0
Phillips 66 COM 718546104 341 4,422 SH   SOLE   4,422 0 0
PITNEY BOWES INC COM 724479100 82 3,500 SH   SOLE   3,500 0 0
PLANTRONICS INC COM 727493108 10,016 214,905 SH   SOLE   187,190 900 26,815
PLATINUM UNDERWRITERS F COM G7127P100 6,091 99,040 SH   SOLE   86,457 625 11,958
PMC SIERRA INC COM 69344F106 6,781 1,054,600 SH   SOLE   890,735 0 163,865
PNC FINL SERVICES GP INC COM 693475105 2,935 23,551 SH   SOLE   23,551 0 0
Portland General Electric COM 736508847 9,376 309,416 SH   SOLE   269,200 1,692 38,524
POSCO SPN ADR COM 693483109 48 614 SH   SOLE   614 0 0
Potash Corp. Saskatchewan COM 73755l107 49 1,474 SH   SOLE   1,474 0 0
PPL CORPORATION COMMON STOCK USD.01 COM 69351T106 318 7,599 SH   SOLE   7,599 0 0
Proassurance Corp. COM 74267c106 39 803 SH   SOLE   803 0 0
Prospect Capital Corp. COM 74348T102 2,688 238,553 SH   SOLE   201,233 0 37,320
Prosperity Bancshares Inc. COM 743606105 6,883 108,105 SH   SOLE   91,378 470 16,257
PROTECTIVE LIFE CORP COM 743674103 11,076 217,864 SH   SOLE   187,715 1,249 28,900
PRUDENTIAL FINANCIAL INC COMMON STOCK USD. COM 744320102 235 2,543 SH   SOLE   2,543 0 0
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK COM 744573106 157 4,912 SH   SOLE   4,912 0 0
Qlogic Corp. COM 747277101 8,958 754,400 SH   SOLE   652,770 4,260 97,370
QUALCOMM INC COMMON STOCK USD.0001 COM 747525103 2,304 16,005 SH   SOLE   16,005 0 0
Quest Diagnostics Inc. COM 74834L100 2,661 29,218 SH   SOLE   29,218 0 0
RAYTHEON COMPANY COMMON STOCK USD.01 COM 755111507 241 2,652 SH   SOLE   2,652 0 0
Regions Financial Corp. New COM 7591ep100 251 14,219 SH   SOLE   14,219 0 0
REYNOLDS AMERICAN INC COM 761713106 130 2,600 SH   SOLE   2,600 0 0
Rock-Tenn COM 772739207 128 260 SH   SOLE   260 0 0
Rogers Communications B COM 775109200 50 1,113 SH   SOLE   1,113 0 0
ROVI CORP COM 779376102 42 2,118 SH   SOLE   2,118 0 0
Royal Bank of Canada COM 780087102 49 730 SH   SOLE   730 0 0
ROYAL DUTCH SHELL PLC ADR ADR COM 780259206 7,358 71,145 SH   SOLE   8,779 0 62,366
RYDER SYSTEM INC COM 783549108 12,858 172,090 SH   SOLE   148,600 625 22,865
Ryland Group Inc Com COM 783764103 43 992 SH   SOLE   992 0 0
Sanmina Corp COM 801056102 4,221 251,827 SH   SOLE   217,652 1,520 32,655
Schulman A Inc Com COM 808194104 3,133 88,590 SH   SOLE   77,135 500 10,955
SEADRILL LTD COM G7945E105 41 1,002 SH   SOLE   1,002 0 0
Seagate Technology COM G7945M107 283 5,035 SH   SOLE   5,035 0 0
SECTOR SPDR FINANCIAL COM 81369y605 157 7,200 SH   SOLE   7,200 0 0
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 6,887 590,998 SH   SOLE   514,388 0 76,610
SENIOR HOUSING PROP TRUST REIT USD.01 COM 81721M109 92 880 SH   SOLE   880 0 0
SHINHAN FINANCIAL GP SPN ADR RESTRD COM 824596100 53 1,159 SH   SOLE   1,159 0 0
Siemens AG ADR COM 826197501 7,075 35,022 SH   SOLE   4,055 0 30,967
SK TELECOM ADR COM 78440P108 6,816 190,275 SH   SOLE   24,069 0 166,206
Skywest, Inc. COM 830879102 40 2,666 SH   SOLE   2,666 0 0
SLM CORP COMMON STOCK USD.2 COM 78442P106 113 4,311 SH   SOLE   4,311 0 0
SMITH-NPHW PLC SPADR NEW COM 83175M205 6,988 66,654 SH   SOLE   7,735 0 58,919
Southern Copper Corp. COM 84265V105 16 540 SH   SOLE   540 0 0
SPX Corp. COM 784635104 4,470 44,705 SH   SOLE   38,679 200 5,826
St Jude Medical Inc COM 790849103 3,021 27,489 SH   SOLE   27,489 0 0
STAPLES INC COM 855030102 2,953 110,271 SH   SOLE   110,271 0 0
StatoilHydro ASA COM 85771p102 6,931 197,593 SH   SOLE   25,415 0 172,178
Steel Dynamics Inc Com COM 858119100 8,662 441,593 SH   SOLE   374,449 2,759 64,385
Stone Energy Corp COM 861642106 44 1,269 SH   SOLE   1,269 0 0
Sturm Ruger & Co. COM 864159108 49 664 SH   SOLE   664 0 0
SUMITOMO MITSUI-SPONS ADR COM 86562M209 7,899 518,932 SH   SOLE   64,744 0 454,188
Sun Life Financial Inc. COM 866796105 51 1,441 SH   SOLE   1,441 0 0
Suncor Energy Inc. COM 867224107 7,298 143,474 SH   SOLE   17,895 0 125,579
SUNTRUST BANKS INC COM 867914103 2,942 48,795 SH   SOLE   48,795 0 0
SUPERIOR ENERGY SERVICES COM 868157108 6,060 226,648 SH   SOLE   185,681 1,700 39,267
Sykes Enterprises Inc Com COM 871237103 2,611 119,284 SH   SOLE   103,119 690 15,475
SYMANTEC CORP COMMON STOCK USD.01 COM 871503108 699 26,096 SH   SOLE   26,096 0 0
SYMETRA FINANCIAL CORP COM 87151q106 4,990 262,300 SH   SOLE   228,310 1,200 32,790
SYNOPSYS INC COMMON STOCK USD.01 COM 871607107 129 670 SH   SOLE   670 0 0
TATA MTRS LTD SPONSORED ADR COM 876568502 7,061 158,147 SH   SOLE   19,874 0 138,273
Taylor Capital Group Inc COM 876851106 47 1,750 SH   SOLE   1,750 0 0
TCF Financial Corp. Com COM 872275102 4,573 280,362 SH   SOLE   243,249 1,556 35,557
Tech Data Corp. COM 878237106 4,307 83,015 SH   SOLE   72,307 0 10,708
Teck Cominco Ltd.- Cl. B COM 878742204 43 1,663 SH   SOLE   1,663 0 0
TECO ENERGY INC COM 872375100 3,013 173,370 SH   SOLE   123,155 1,875 48,340
Telefonica Brasil SA COM 87936r106 41 2,116 SH   SOLE   2,116 0 0
Telefonica SA Spain ADR COM 879382208 7,042 295,851 SH   SOLE   37,221 0 258,630
TESORO CORPORATION COM 881609101 77 1,314 SH   SOLE   1,314 0 0
Teva Pharmaceutical Industries Ltd. COM 881624209 9,029 147,328 SH   SOLE   43,340 0 103,988
THE JONES GROUP INC COM 48020T101 8,688 578,772 SH   SOLE   502,347 3,169 73,256
THERMO FISHER SCIENTIFIC INC COMMON STOCK COM 883556102 2,717 14,340 SH   SOLE   14,340 0 0
Toll Brothers Inc Com COM 889478103 70 1,879 SH   SOLE   1,879 0 0
Toronto-Dominion Bank COM 891160509 50 531 SH   SOLE   531 0 0
Total SA ADR COM 89151E109 7,563 85,708 SH   SOLE   10,758 0 74,950
TRANSOCEAN LTD COM h8817h100 49 995 SH   SOLE   995 0 0
TRAVELERS COS INC/THE COMMON STOCK NPV COM 89417E109 223 2,458 SH   SOLE   2,458 0 0
Trinity Industries COM 896522109 12,340 225,503 SH   SOLE   194,943 1,350 29,210
TRIPLE-S MANAGEMENT CORP-B COM 896749108 2,497 127,981 SH   SOLE   110,579 760 16,642
Triumph Group Inc New Com COM 896818101 61 806 SH   SOLE   806 0 0
TTM Technologies COM 87305r109 1,576 183,165 SH   SOLE   160,429 0 22,736
Turkcell iletism adr COM 900111204 45 3,377 SH   SOLE   3,377 0 0
TUTOR PERINI CORP COM 901109108 9,006 341,214 SH   SOLE   295,813 1,906 43,495
U S BANCORP DEL NEW COM 902973304 267 6,621 SH   SOLE   6,621 0 0
UBS AG COM h89231338 6,206 221,640 SH   SOLE   0 0 221,640
Ultra Petroleum Corp COM 903914109 8,255 379,860 SH   SOLE   330,220 0 49,640
Umpqua Holdings Corp. COM 904214103 4,190 217,995 SH   SOLE   189,275 1,430 27,290
Unit Corporation COM 909218109 10,575 204,136 SH   SOLE   176,594 1,150 26,392
UNITED TECHNOLOGIES CORP COM 913017109 137 1,200 SH   SOLE   1,200 0 0
UNITEDHEALTH GROUP INC COM 91324p102 361 4,800 SH   SOLE   4,800 0 0
UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 201 2,752 SH   SOLE   2,752 0 0
URS CORP COMMON STOCK USD.01 COM 903236107 6,240 115,327 SH   SOLE   97,642 730 16,955
Valassis Communication Inc. COM 918866104 7,701 223,675 SH   SOLE   195,064 0 28,611
VALERO ENERGY CORP NEW COM 91913y100 3,323 40,478 SH   SOLE   40,478 0 0
VERIFONE HLDGS INC COM COM 92342Y109 44 1,630 SH   SOLE   1,630 0 0
VERIZON COMMUNICATIONS COM 92343v104 96 1,950 SH   SOLE   1,950 0 0
Vishay Intertech COM 928298108 9,133 686,275 SH   SOLE   593,075 3,990 89,210
WASHINGTON FEDERAL INC SEATTLE COM 938824109 9,031 386,285 SH   SOLE   333,885 2,355 50,045
WASTE MANAGEMENT INC COM 94106l109 129 610 SH   SOLE   610 0 0
Webster Finl Corp Waterbury COM 947890109 5,986 191,308 SH   SOLE   166,448 880 23,980
WELLPOINT INC COMMON STOCK USD.01 COM 94973V107 212 2,297 SH   SOLE   2,297 0 0
WELLS FARGO & CO NEW COM 949746101 3,074 43,168 SH   SOLE   43,168 0 0
WesBanco Inc. COM 950810101 2,747 85,568 SH   SOLE   73,507 50 12,011
WESTERN DIGITAL CORP COMMON STOCK USD.01 COM 958102105 259 3,085 SH   SOLE   3,085 0 0
WESTERN UN CO COM 959802109 505 24,920 SH   SOLE   24,920 0 0
Wiley John & Sons CL A COM 968223206 5,247 94,731 SH   SOLE   82,431 500 11,800
Wilshire Bancorp COM 97186t108 50 4,542 SH   SOLE   4,542 0 0
Wintrust Finl Corp Com COM 97650W108 9,141 197,464 SH   SOLE   171,189 1,090 25,185
WORLD ACCEPTANCE CORP COM 981419104 39 449 SH   SOLE   449 0 0
Worthington Industries Inc COM 981811102 7,945 188,146 SH   SOLE   163,509 1,009 23,628
XEROX CORP COMMON STOCK USD1.0 COM 984121103 127 10,464 SH   SOLE   10,464 0 0
YAMANA GOLD INC COM 98462y100 4,807 364,679 SH   SOLE   121,555 0 243,124
ZIMMER HOLDINGS INC COM 98956p102 149 340 SH   SOLE   340 0 0