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 4,618 167,546 SH   SOLE   144,889 1,946 20,711
Aarons Inc COM 002535300 8,066 226,332 SH   SOLE   195,030 2,342 28,960
ABB LTD SPON ADR COM 000375204 5,957 258,793 SH   SOLE   27,544 88,166 143,083
ABM INDUSTRIES INC COM 000957100 5,686 210,732 SH   SOLE   182,665 1,887 26,180
Ace Limited COM H0023R105 63 610 SH   SOLE   610 0 0
AECOM TECH CORP DEL COM COM 00766T100 58 1,810 SH   SOLE   1,810 0 0
Aegion Corp Com COM 00770F104 4,201 180,554 SH   SOLE   155,345 1,856 23,353
Aegon Nv COM 007924103 6,502 741,402 SH   SOLE   76,847 252,480 412,075
AETNA INC NEW COM 00817y108 507 6,247 SH   SOLE   6,247 0 0
AFLAC INC COMMON STOCK USD.1 COM 001055102 2,155 34,611 SH   SOLE   30,485 3,948 178
AGCO Corp. COM 001084102 92 1,630 SH   SOLE   1,630 0 0
Agilent Technologies Inc COM 00846U101 134 2,332 SH   SOLE   490 1,842 0
AGRIUM INC COMMON STOCK NPV COM 008916108 6,467 70,573 SH   SOLE   11,197 23,203 36,173
AIRCASTLE LTD COM G0129k104 10,895 613,110 SH   SOLE   530,179 5,615 77,316
Alaska Air Group Inc. COM 011659109 83 871 SH   SOLE   871 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 11,057 82,561 SH   SOLE   71,385 731 10,445
Allianz SE - ADR (1 to 1/10 ALV GR) COM 018805101 5,681 338,383 SH   SOLE   38,291 111,690 188,402
ALLIED WORLD ASSUR NEW F COM H01531104 9,257 243,475 SH   SOLE   235,632 2,797 5,046
ALLSTATE CORPORATION COM 020002101 1,961 33,390 SH   SOLE   26,966 6,230 194
ALTRIA GROUP INC COM 02209s103 359 8,550 SH   SOLE   8,550 0 0
America Movil-ADR Series L COM 02364w105 6,288 303,015 SH   SOLE   32,557 101,804 168,654
AMERICAN AIRLINES GROUP INC> COM 02376R102 1,249 29,076 SH   SOLE   23,966 4,888 222
American Axle & Mfg Hldgs COM 024061103 12,245 648,208 SH   SOLE   560,506 6,485 81,217
American International Group COM 026874784 312 5,717 SH   SOLE   5,717 0 0
AMERIPRISE FINANCIAL INC COMMON STOCK USD. COM 03076C106 152 1,270 SH   SOLE   270 1,000 0
AMN ELEC POWER CO COM 025537101 143 2,556 SH   SOLE   550 2,006 0
ANADARKO PETROLEUM CORP COM 032511107 2,705 24,706 SH   SOLE   21,552 3,016 138
Anglo American PLC-UNSP ADR COM 03485p201 45 3,644 SH   SOLE   3,644 0 0
APACHE CORP COM 037411105 481 4,784 SH   SOLE   4,784 0 0
APOLLO GROUP INC CL A COMMON STOCK NPV COM 037604105 84 2,695 SH   SOLE   2,695 0 0
APOLLO RESIDENTIAL MORTGAGE COM 03763V102 4,534 271,194 SH   SOLE   234,590 2,754 33,850
Apple Computer COM 037833100 2,430 26,149 SH   SOLE   23,030 2,979 140
ARRIS GROUP INC COMMON STOCK USD.01 COM 04270V106 7,307 224,630 SH   SOLE   192,991 2,368 29,271
ARROW ELECTRONICS INC COMMON STOCK USD1.0 COM 042735100 159 2,632 SH   SOLE   570 2,062 0
Ashford Hospitality Prime, Inc. COM 044102101 2,492 145,245 SH   SOLE   124,824 1,485 18,936
Ashford Hospitality Trust COM 044103109 6,005 520,394 SH   SOLE   448,310 5,499 66,585
ASPEN INSURANCE HOLDINGF COM G05384105 9,384 206,603 SH   SOLE   179,085 1,953 25,565
Associated Banc Corp COM 045487105 11,714 647,896 SH   SOLE   557,990 6,171 83,735
ASSOCIATED ESTATE RLTY COM COM 045604105 4,490 249,144 SH   SOLE   213,816 2,507 32,821
ASSURANT INC COMMON STOCK USD.01 COM 04621X108 89 1,360 SH   SOLE   1,360 0 0
ASTRAZENECA PLC ADR F SPONSORED ADR 1 ADR COM 046353108 8,756 117,832 SH   SOLE   35,330 33,806 48,696
AT& T INC COM 00206r102 1,931 54,615 SH   SOLE   46,528 7,734 353
ATWOOD OCEANICS INC COM 050095108 10,664 203,196 SH   SOLE   176,119 1,793 25,284
Australia & New Zealand Banking Group Ltd. COM 052528304 73 2,329 SH   SOLE   2,329 0 0
AVIVA PLC-SPON ADR COM 05382A104 50 2,865 SH   SOLE   2,865 0 0
Avnet Inc Com COM 053807103 84 1,906 SH   SOLE   1,906 0 0
AXA-SPONS ADR COM 054536107 58 2,428 SH   SOLE   2,428 0 0
AXIS CAPITAL HOLDINGS LTD COMMON STOCK USD COM G0692U109 134 3,036 SH   SOLE   650 2,386 0
Bae Sys Plc Spn Adr COM 05523r107 6,081 203,636 SH   SOLE   23,197 67,136 113,303
Banco Bilbao Vizcaya - ADR COM 05946K101 6,402 501,319 SH   SOLE   52,902 166,469 281,948
BANCO DO BRASIL SA-SPON ADR COM 059578104 18 1,652 SH   SOLE   1,652 0 0
BANCO SANT SA ADR COM 05964H105 6,274 602,081 SH   SOLE   62,562 202,148 337,371
BANCO SANTANDER BRASIL-ADS COM 05967a107 21 3,068 SH   SOLE   3,068 0 0
BANCORPSOUTH INC COM 059692103 8,679 353,253 SH   SOLE   304,203 3,545 45,505
BANK OF AMERICA CORP COM 060505104 1,871 121,724 SH   SOLE   104,985 16,009 730
BANK OF CHINA-UNSPON ADR COM 06426M104 25 2,229 SH   SOLE   2,229 0 0
BANK OF COMMUN-UNSPON ADR COM 061605101 28 1,607 SH   SOLE   1,607 0 0
Bank of Montreal COM 063671101 60 813 SH   SOLE   813 0 0
Bank Of New York Mellon Corp. COM 064058100 2,036 54,328 SH   SOLE   46,872 7,132 324
Bank of Nova Scotia COM 064149107 63 940 SH   SOLE   940 0 0
Barclays PLC- ADR COM 06738E204 3,668 251,078 SH   SOLE   39,901 4,895 206,282
BARNES GROUP INC COM 067806109 5,579 144,767 SH   SOLE   125,145 1,520 18,102
BARRICK GOLD CORPORATION COM 067901108 26 1,433 SH   SOLE   1,433 0 0
BASF S.E. COM 055262505 6,162 52,890 SH   SOLE   5,646 17,745 29,499
BB+T CORP COMMON STOCK USD5.0 COM 054937107 1,532 38,851 SH   SOLE   32,077 6,479 295
Bed Bath & Beyond Inc. COM 075896100 122 2,124 SH   SOLE   1,041 1,083 0
Bellatrix Exploration Ltd. COM 078314101 7,433 853,333 SH   SOLE   736,080 8,463 108,790
Benchmark Electronics Inc COM 08160H101 59 2,320 SH   SOLE   2,320 0 0
BEST BUY CO INC COM 086516101 225 7,269 SH   SOLE   7,269 0 0
BHP BILLITON LTD ADR F SPONSORED ADR 1 ADR COM 088606108 7,816 114,180 SH   SOLE   30,256 33,399 50,525
BIG LOTS INC COMMON STOCK USD.01 COM 089302103 3,743 81,907 SH   SOLE   70,745 822 10,340
Blackstone Group LP COM 09253u108 52 1,563 SH   SOLE   1,563 0 0
BMW-UNSPONSORED ADR COM 072743206 47 1,111 SH   SOLE   1,111 0 0
BNP Paribas Spons- ADR COM 05565A202 54 1,580 SH   SOLE   1,580 0 0
BOC HONG KONG HLDS-SPONS ADR COM 096813209 12 199 SH   SOLE   199 0 0
BP PLC ADR F SPONSORED ADR 1 ADR REP 6 ORD COM 055622104 6,867 130,172 SH   SOLE   22,752 40,086 67,334
Brady Corp WI CL A COM 104674106 4,140 138,598 SH   SOLE   120,390 1,175 17,033
Brandywine Rlty Tr Sh Ben Int New COM 105368203 9,138 585,765 SH   SOLE   507,655 3,620 74,490
BRINKER INTL INC COM 109641100 11,312 232,516 SH   SOLE   201,210 2,126 29,180
BRINKS CO COM 109696104 8,755 310,257 SH   SOLE   268,166 2,246 39,845
Broadcom Corp. COM 111320107 1,974 53,187 SH   SOLE   44,238 8,560 389
Brocade Communications COM 111621306 8,587 933,390 SH   SOLE   801,448 9,506 122,436
Brookfield Asset Mgmt COM 112585104 28 642 SH   SOLE   642 0 0
Brunswick Corp COM 117043109 78 1,842 SH   SOLE   1,842 0 0
C A C I INC CL A COM 127190304 56 793 SH   SOLE   793 0 0
C B L & ASSOC PROPERTIES REIT COM 124830100 6,932 364,862 SH   SOLE   319,400 1,625 43,837
CA INC COMMON STOCK USD.1 COM 12673P105 1,483 51,597 SH   SOLE   40,094 11,159 344
Cabot Corp. COM 127055101 12,092 208,517 SH   SOLE   180,269 1,948 26,300
CANADIAN IMPRL BK COMM COM COM 136069101 40 441 SH   SOLE   441 0 0
Canon Inc- ADR COM 138006309 6,333 193,370 SH   SOLE   20,584 65,554 107,232
CAPITAL ONE FINANCIAL CORP COMMON STOCK US COM 14040H105 308 3,733 SH   SOLE   3,733 0 0
Capstead Mortgage Cp New COM 14067e506 61 4,655 SH   SOLE   4,655 0 0
CARNIVAL CORP NEW F PAIRED STK SPECIAL VTG COM 143658300 41 1,100 SH   SOLE   1,100 0 0
CATERPILLAR INC COMMON STOCK USD1.0 COM 149123101 1,779 16,370 SH   SOLE   13,531 2,715 124
CELESTICA SUB VTG SHS COM 15101Q108 3,786 301,460 SH   SOLE   266,050 4,015 31,395
Cemig SA-Spons ADR COM 204409601 6,776 848,016 SH   SOLE   86,992 290,577 470,447
CENTRAL JAPAN RAI-UNSPON ADR COM 153766100 57 4,019 SH   SOLE   4,019 0 0
Centrica PlC COM 15639k300 45 2,077 SH   SOLE   2,077 0 0
CENTURYLINK INC COMMON STOCK USD1.0 COM 156700106 314 8,679 SH   SOLE   8,679 0 0
CF INDUSTRIES HOLDINGS INC COMMON STOCK US COM 125269100 129 535 SH   SOLE   535 0 0
CHARLES RIVER LABORATORIES COMMON STOCK US COM 159864107 5,880 109,870 SH   SOLE   94,530 1,148 14,192
Chemical Financial Corp. COM 163731102 1,654 58,901 SH   SOLE   50,804 539 7,558
CHESAPEAKE ENERGY CORP COM 165167107 2,333 75,065 SH   SOLE   62,219 12,448 398
Cheung Kong Hldg Adr COM 166744201 12 683 SH   SOLE   683 0 0
CHEVRON CORP COM 166764100 472 3,615 SH   SOLE   3,615 0 0
CHINA CONSTRUCTION-UNSPON ADR COM 168919108 25 1,749 SH   SOLE   1,749 0 0
China Mobile LTD Spn ADR COM 16941m109 6,104 125,571 SH   SOLE   13,550 42,637 69,384
CHINA PETE & CHEM CORP SPON ADR H SHS COM 16941r108 26 272 SH   SOLE   272 0 0
CHUBB CORP COM 171232101 386 4,189 SH   SOLE   4,189 0 0
CIA Vale Do Rio Doce - ADR COM 91912e105 6,344 479,554 SH   SOLE   51,317 162,818 265,419
CIGNA CORP COMMON STOCK USD.25 COM 125509109 499 5,425 SH   SOLE   3,898 1,527 0
Cisco Systems Inc. COM 17275R102 2,582 103,895 SH   SOLE   91,956 11,417 522
CITIGROUP INC COM 172967424 1,611 34,209 SH   SOLE   29,562 4,444 203
City National Corp. COM 178566105 4,003 52,833 SH   SOLE   44,030 423 8,380
Cliffs Natural Resources Inc COM 18683k101 44 2,945 SH   SOLE   2,945 0 0
Clifton Bancorp Inc. COM 186873105 4,751 374,959 SH   SOLE   322,900 3,989 48,070
CNH INDUSTRIAL NV COM N20944109 59 5,789 SH   SOLE   5,789 0 0
CNOOC LTD ADR COM 126132109 6,602 36,823 SH   SOLE   3,967 12,705 20,151
Coach Inc. COM 189754104 301 8,816 SH   SOLE   8,816 0 0
COEUR D ALENE MINES CORP COMMON STOCK USD. COM 192108504 5,414 589,729 SH   SOLE   507,522 6,343 75,864
COMERICA INC COM COM 200340107 156 3,105 SH   SOLE   660 2,445 0
Community Health System New COM 203668108 168 3,699 SH   SOLE   800 2,899 0
COMPUTER SCIENCES CORP COMMON STOCK USD1.0 COM 205363104 164 2,601 SH   SOLE   560 2,041 0
Conagra Inc COM 205887102 50 1,675 SH   SOLE   1,675 0 0
CONOCOPHILLIPS COM 20825c104 3,207 37,409 SH   SOLE   32,641 4,564 204
Consolidated Edison Inc. COM 209115104 312 5,405 SH   SOLE   5,405 0 0
CONSTELLATION BRANDS INC A COMMON STOCK US COM 21036P108 88 997 SH   SOLE   997 0 0
Continental AG-SPONS ADR COM 210771200 45 977 SH   SOLE   977 0 0
Cooper Tire And Rubber COM 216831107 5,515 183,829 SH   SOLE   158,305 1,884 23,640
CORNING INC COMMON STOCK USD.5 COM 219350105 2,033 92,597 SH   SOLE   78,223 13,751 623
Corrections Corp Amer New Com COM 22025Y407 113 3,454 SH   SOLE   0 3,454 0
CRANE CO COMMON STOCK USD1.0 COM 224399105 9,774 131,448 SH   SOLE   111,022 2,801 17,625
CREDIT AGRICOLE SA-UNSP ADR COM 225313105 55 7,902 SH   SOLE   7,902 0 0
Credit Suisse Grp Spons- ADR COM 225401108 5,785 203,897 SH   SOLE   21,498 70,335 112,064
CSG Systems Intl COM 126349109 3,446 131,964 SH   SOLE   113,670 1,344 16,950
CST Brands INC COM 12646r105 9,765 283,057 SH   SOLE   243,824 2,958 36,275
CSX Corp COM 126408103 1,591 51,654 SH   SOLE   42,692 8,572 390
CTC Media Inc COM 12642x106 11,054 1,003,974 SH   SOLE   459,659 184,115 360,200
D S T SYSTEMS INC COM 233326107 8,771 95,156 SH   SOLE   81,733 993 12,430
DAIWA SECURITIES GR-SPONS ADR COM 234064301 46 5,344 SH   SOLE   5,344 0 0
Darden Restaurants Inc. COM 237194105 116 2,505 SH   SOLE   540 1,965 0
DBS GROUP HLDGS SPN ADR COM 23304Y100 20 371 SH   SOLE   371 0 0
DEERE + CO COMMON STOCK USD1.0 COM 244199105 284 3,141 SH   SOLE   3,141 0 0
Delhaize Le Lion S A Adr COM 29759w101 5,652 335,237 SH   SOLE   35,467 114,122 185,648
DELTA AIR LINES INC COM 247361702 310 8,009 SH   SOLE   8,009 0 0
Deluxe Corp. COM 248019101 64 1,097 SH   SOLE   1,097 0 0
DENBURY RESOURCES INC COMMON STOCK USD.001 COM 247916208 251 13,611 SH   SOLE   7,141 6,470 0
Denso CP Unsponsored ADR COM 24872B100 46 1,910 SH   SOLE   1,910 0 0
Deutsche Bank AG REG COM D18190898 2,369 67,352 SH   SOLE   13,547 53,805 0
DEVON ENERGY CP NEW COM 25179m103 2,965 37,344 SH   SOLE   31,972 5,141 231
DIAMOND OFFSHORE DRILLING COMMON STOCK USD COM 25271C102 92 1,859 SH   SOLE   1,859 0 0
DirecTV Group Inc. COM 25490a309 315 3,701 SH   SOLE   3,701 0 0
DISCOVER FINANCIAL SERVICES COMMON STOCK U COM 254709108 301 4,864 SH   SOLE   4,864 0 0
DISNEY WALT CO COM 254687106 40 470 SH   SOLE   470 0 0
Donnelley (R R) & Sons Co COM 257867101 491 28,922 SH   SOLE   28,922 0 0
DOW CHEMICAL COMMON STOCK USD2.5 COM 260543103 223 4,336 SH   SOLE   4,336 0 0
DUKE REALTY CORP REIT USD.01 COM 264411505 149 8,226 SH   SOLE   1,760 6,466 0
E.ON SE ADR COM 268780103 50 2,426 SH   SOLE   2,426 0 0
Eastman Chemical Co COM 277432100 142 1,630 SH   SOLE   1,630 0 0
Eaton Corporation PLC Ordinary COM G29183103 154 2,000 SH   SOLE   2,000 0 0
Ecopetrol SA-Sponsored ADR COM 279158109 9 249 SH   SOLE   249 0 0
EDF-UNSPON ADR COM 285039103 49 7,873 SH   SOLE   7,873 0 0
EDISON INTERNATIONAL COMMON STOCK NPV COM 281020107 244 4,207 SH   SOLE   4,207 0 0
ELI LILLY & CO COM 532457108 359 5,769 SH   SOLE   5,769 0 0
EMCOR GROUP INC COM 29084Q100 5,025 112,844 SH   SOLE   97,795 1,064 13,985
EMERSON ELECTRIC CO COM 291011104 22 325 SH   SOLE   325 0 0
ENCORE CAP GROUP INC COM COM 292554102 59 1,305 SH   SOLE   1,270 35 0
ENDURANCE SPECALTY HLDGF COM G30397106 8,096 156,933 SH   SOLE   136,449 1,581 18,903
ENERGIZER HOLDINGS INC COMMON STOCK USD.01 COM 29266R108 160 1,314 SH   SOLE   290 1,024 0
ENERGY XXI BERMUDA COM G10082140 9,311 394,025 SH   SOLE   339,935 4,085 50,005
ENERSIS S A SPONSORED ADR COM 29274F104 57 3,368 SH   SOLE   3,368 0 0
ENERSYS COM 29275Y102 6,472 94,083 SH   SOLE   80,995 993 12,095
Entergy Corp COM 29364G103 174 2,115 SH   SOLE   2,115 0 0
EOG RESOURCES INC COMMON STOCK USD.01 COM 26875P101 61 526 SH   SOLE   526 0 0
Equity Residential COM 29476L107 226 3,580 SH   SOLE   3,580 0 0
ESTERLINE TECH CORP COM 297425100 7,003 60,834 SH   SOLE   52,265 598 7,971
Everest Reins Hldgs COM g3223r108 95 590 SH   SOLE   590 0 0
EXELIS INC COM 30162A108 79 4,674 SH   SOLE   4,674 0 0
EXELON CORP COMMON STOCK NPV COM 30161N101 314 8,602 SH   SOLE   8,602 0 0
EXXON MOBIL CORP COMMON STOCK NPV COM 30231G102 296 2,942 SH   SOLE   2,942 0 0
FEDERATED INVESTORS INC CL B COMMON STOCK COM 314211103 4,263 137,875 SH   SOLE   118,568 1,358 17,949
FEDEX CORPORATION COM 31428x106 1,669 11,026 SH   SOLE   9,246 1,703 77
FIFTH THIRD BANCORP COM 316773100 2,367 110,844 SH   SOLE   92,619 17,662 563
First Horizon National Corp COM 320517105 9,233 778,515 SH   SOLE   675,435 8,275 94,805
First Midwest Bancorp, Inc. COM 320867104 3,798 223,027 SH   SOLE   193,235 1,892 27,900
First Niagara Financial Group COM 33582V108 8,729 998,722 SH   SOLE   866,464 9,922 122,336
FIRSTENERGY CORP COMMON STOCK USD.1 COM 337932107 54 1,559 SH   SOLE   1,559 0 0
FIRSTMERIT CORP COM 337915102 6,991 353,959 SH   SOLE   300,503 3,829 49,627
Ford Motor Co COM 345370860 2,343 135,902 SH   SOLE   119,741 15,447 714
Foster (LB) Co. - Class A COM 350060109 1,915 35,385 SH   SOLE   30,605 330 4,450
FREEPORT MCMORAN COPPER COMMON STOCK USD.1 COM 35671D857 350 9,598 SH   SOLE   9,598 0 0
FRONTIER COMMUNICATIONS CORP COM 35906a108 3 468 SH   SOLE   468 0 0
Fuji Heavy Industry-UNSPONS ADR COM 359556206 47 839 SH   SOLE   839 0 0
FULTON FINANCIAL CORP COM 360271100 8,490 685,268 SH   SOLE   590,300 6,898 88,070
GANNETT CO COMMON STOCK USD1.0 COM 364730101 100 3,181 SH   SOLE   3,181 0 0
Gap Inc. Co. COM 364760108 290 6,968 SH   SOLE   6,968 0 0
GAS NATURAL SDG-UNSPON ADR COM 367205200 56 9,059 SH   SOLE   9,059 0 0
GAZPROM NEFT SPON ADR COM 36829G107 31 1,396 SH   SOLE   1,396 0 0
Gazprom OAO COM 368287207 6,422 736,919 SH   SOLE   78,514 249,402 409,003
Gencorp Inc Com COM 368682100 60 3,145 SH   SOLE   3,145 0 0
GENERAL ELECTRIC COMPANY COM 369604103 1,494 56,854 SH   SOLE   47,263 9,178 413
General Motors COM 37045V100 301 8,300 SH   SOLE   8,300 0 0
Gentiva Health Services COM 37247a102 2,803 186,139 SH   SOLE   160,507 1,955 23,677
GEO GROUP INC COM 36162J106 7,099 198,689 SH   SOLE   171,876 2,019 24,794
Global Brass & Copper Holding COM 37953G103 3,340 197,631 SH   SOLE   170,050 2,006 25,575
GOLDMAN SACHS GROUP INC COM 38141g104 2,072 12,376 SH   SOLE   10,959 1,356 61
GOODYEAR TIRE + RUBBER CO COMMON STOCK NPV COM 382550101 92 3,318 SH   SOLE   3,318 0 0
Gran Tierra Energy Inc. COM 38500T101 6,618 814,977 SH   SOLE   704,400 6,427 104,150
Group 1 Automotive Inc COM 398905109 74 876 SH   SOLE   876 0 0
HALLIBURTON CO COMMON STOCK USD2.5 COM 406216101 1,694 23,859 SH   SOLE   20,772 2,950 137
Hancock Hldg Co Com COM 410120109 10,350 293,023 SH   SOLE   254,135 2,648 36,240
HANG SENG BANK-SPONS ADR COM 41043C304 12 728 SH   SOLE   728 0 0
HANOVER INSURANCE GROUP COM 410867105 13,588 215,170 SH   SOLE   187,250 2,010 25,910
HARRIS CORP COMMON STOCK USD1.0 COM 413875105 2,172 28,675 SH   SOLE   23,095 5,420 160
HARTFORD FINL SVCS GRP COM 416515104 2,495 69,666 SH   SOLE   58,113 11,227 326
Hawaiian Elec. Inds COM 419870100 8,764 346,138 SH   SOLE   294,920 7,543 43,675
HCC INSURANCE HOLDINGS INC COMMON STOCK US COM 404132102 97 1,978 SH   SOLE   1,978 0 0
HELEN OF TROY LTD F COM G4388N106 8,189 135,067 SH   SOLE   116,343 1,399 17,325
HENDERSON LAND DEV-SPON ADR COM 425166303 13 2,173 SH   SOLE   2,173 0 0
HESS CORP COMMON STOCK USD1.0 COM 42809H107 335 3,392 SH   SOLE   3,392 0 0
HEWLETT PACKARD CO COMMON STOCK USD.01 COM 428236103 2,346 69,645 SH   SOLE   60,859 8,400 386
Hillenbrand Inc COM 431571108 4,573 140,190 SH   SOLE   121,549 1,244 17,397
Hill-Rom Holdings Inc COM 431475102 9,469 228,119 SH   SOLE   196,287 2,334 29,498
HOLLYFRONTIER CORP COM 436106108 82 1,873 SH   SOLE   1,873 0 0
Home Loan Servicing Solutions COM G6648D109 9,287 408,589 SH   SOLE   354,443 3,991 50,155
Honda Motor Co LTD COM 438128308 47 1,338 SH   SOLE   1,338 0 0
Horace Mann Eductrs Corp COM 440327104 62 1,998 SH   SOLE   1,998 0 0
HOSPITALITY PPTYS TRUST BENEFICIAL INTERES COM 44106M102 8,169 268,717 SH   SOLE   219,920 6,480 42,317
HSBC Hldgs PLC Spons-ADR COM 404280406 5,512 108,509 SH   SOLE   12,383 34,705 61,421
HUMANA INC COMMON STOCK USD.166 COM 444859102 325 2,544 SH   SOLE   2,544 0 0
Huntington Bancshares In COM 446150104 81 8,491 SH   SOLE   8,491 0 0
HUNTINGTON INGALLS INDUSTRIE COM 446413106 13 133 SH   SOLE   133 0 0
Huntsman Corp COM 447011107 185 6,585 SH   SOLE   1,410 5,175 0
Hyster-Yale Materials Class A COM 449172105 2,855 32,240 SH   SOLE   27,761 318 4,161
Icahn Enterprises LP COM 451100101 51 516 SH   SOLE   516 0 0
IDACORP INCORPORATED COM 451107106 10,751 185,901 SH   SOLE   161,340 1,516 23,045
Imperial Oil Ltd COM 453038408 30 568 SH   SOLE   568 0 0
Imperial Tobacco Group PLC COM 453142101 53 581 SH   SOLE   581 0 0
IND & COMM BK of CHINA-UNSPON ADR COM 455807107 25 1,995 SH   SOLE   1,995 0 0
Independent Bk Cp Mass Com COM 453836108 2,188 57,008 SH   SOLE   49,535 338 7,135
Info Systems Tech LTD ADR COM 456788108 6,326 117,657 SH   SOLE   12,582 39,794 65,281
ING GP NV SPSD ADR COM 456837103 5,860 417,993 SH   SOLE   47,876 138,738 231,379
Ingram Micro Inc COM 457153104 9,678 331,323 SH   SOLE   282,488 3,563 45,272
INGREDION INC COM COM 457187102 99 1,316 SH   SOLE   1,316 0 0
Integra Hldgs Corp. COM 457985208 5,457 115,951 SH   SOLE   100,380 1,096 14,475
Intel Corp COM 458140100 344 11,137 SH   SOLE   11,137 0 0
International Bncshrs Com COM 459044103 2,959 109,591 SH   SOLE   95,771 627 13,193
International Paper COM 460146103 315 6,234 SH   SOLE   6,234 0 0
INTL BUSINESS MACHINES CORP COMMON STOCK U COM 459200101 2,092 11,540 SH   SOLE   10,151 1,328 61
INTL GAME TECHNOLOGY COMMON STOCK USD.0001 COM 459902102 550 34,600 SH   SOLE   27,377 7,223 0
Invesco Ltd COM g491bt108 148 3,931 SH   SOLE   850 3,081 0
ISHARES DJ US OIL & GAS EXPL COM 464288851 68 703 SH   SOLE   703 0 0
Ishares Tr Russell 2000 COM 464287655 1,807 15,211 SH   SOLE   11,321 620 3,270
ITAU UNIBANCO HLDNG-PREF ADR COM 465562106 6,921 481,287 SH   SOLE   51,716 163,697 265,874
ITRON INC COM 465741106 5,110 126,010 SH   SOLE   108,891 1,244 15,875
ITT CORP COMMON STOCK USD1.0 COM 450911201 9,582 199,220 SH   SOLE   171,178 2,057 25,985
JABIL CIRCUIT INC COM 466313103 520 24,865 SH   SOLE   24,865 0 0
Janus Capital Group, Inc. COM 47102x105 8,522 682,880 SH   SOLE   590,120 6,380 86,380
JOY GLOBAL INC COMMON STOCK USD1.0 COM 481165108 95 1,541 SH   SOLE   1,541 0 0
JPMORGAN CHASE & CO COM 46625h100 2,278 39,531 SH   SOLE   35,199 4,145 187
KB Financial Group Inc-ADR COM 48241a105 6,288 180,889 SH   SOLE   19,173 61,489 100,227
KBR Inc. COM 48242W106 100 4,208 SH   SOLE   890 3,318 0
KDDI CORP-UNSPONSORED ADR COM 48667L106 52 3,413 SH   SOLE   3,413 0 0
Kellogg Co COM 487836108 208 3,159 SH   SOLE   3,159 0 0
Keppel Ltd COM 492051305 19 1,113 SH   SOLE   1,113 0 0
Keycorp COM 493267108 2,115 147,623 SH   SOLE   119,430 27,373 820
Kindred Healthcare Inc. COM 494580103 2,496 108,057 SH   SOLE   93,190 1,117 13,750
KINROSS GOLD CORP COM 496902404 2,840 686,024 SH   SOLE   75,642 234,753 375,629
KLA-TENCOR Corp COM 482480100 149 2,047 SH   SOLE   440 1,607 0
Kohls Corp. COM 500255104 1,888 35,830 SH   SOLE   29,425 6,206 199
Komatsu New COM 500458401 6,748 290,503 SH   SOLE   30,759 97,219 162,525
Koppers COM 50060P106 4,287 112,085 SH   SOLE   96,535 1,174 14,376
Kraft Foods Group Inc COM 50076Q106 220 3,674 SH   SOLE   3,674 0 0
KROGER CO COMMON STOCK USD1.0 COM 501044101 414 8,385 SH   SOLE   8,385 0 0
Kulicke & Soffa Industries COM 501242101 10,144 711,352 SH   SOLE   612,960 7,069 91,323
L 3 COMMUNICATIONS HLDGS INC COMMON STOCK COM 502424104 2,429 20,119 SH   SOLE   16,578 3,431 110
Lakeland Financial Corp. COM 511656100 2,380 62,371 SH   SOLE   54,225 386 7,760
Lear Corp. COM 521865204 190 2,122 SH   SOLE   450 1,672 0
LEGAL & GEN GROUP-SPON ADR COM 52463H103 50 2,583 SH   SOLE   2,583 0 0
LEXMARK INTL INC CL A CLASS A COM 529771107 60 1,248 SH   SOLE   1,248 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 4,691 75,533 SH   SOLE   64,981 1,377 9,175
LIFETIME FITNESS COM 53217R207 6,829 140,102 SH   SOLE   120,690 1,472 17,940
LINCOLN NATIONAL CORP COMMON STOCK NPV COM 534187109 308 5,993 SH   SOLE   3,450 2,543 0
LORILLARD INC COMMON STOCK USD.01 COM 544147101 109 1,793 SH   SOLE   390 1,403 0
Louisiana-Pacific Corp COM 546347105 50 3,352 SH   SOLE   3,352 0 0
LOWES COMPANIES INC COM 548661107 173 3,600 SH   SOLE   3,600 0 0
Lukoil COM 677862104 6,423 107,369 SH   SOLE   11,935 35,758 59,676
M&T Bank Corporation COM 55261F104 294 2,366 SH   SOLE   2,366 0 0
MACK CALI REALTY CORP REIT USD.01 COM 554489104 7,215 335,880 SH   SOLE   290,107 1,940 43,833
Macy's Inc. COM 55616p104 50 859 SH   SOLE   859 0 0
Magellan Health, Inc. COM 559079207 62 999 SH   SOLE   999 0 0
MARATHON OIL CORP COM 565849106 469 11,741 SH   SOLE   8,910 2,831 0
Marathon Petroleum Corp COM 56585a102 257 3,288 SH   SOLE   3,288 0 0
Marvell Technology Group Ltd COM G5876H105 5,763 402,181 SH   SOLE   44,804 137,269 220,108
Matthews International Corp COM 577128101 2,862 68,852 SH   SOLE   59,640 757 8,455
Mentor Graphics Corp COM 587200106 9,338 432,911 SH   SOLE   372,930 4,426 55,555
MEREDITH CORP COM 589433101 9,010 186,312 SH   SOLE   161,144 1,722 23,446
Meritage Corp. COM 59001A102 58 1,384 SH   SOLE   1,384 0 0
METLIFE INC COMMON STOCK USD.01 COM 59156R108 2,226 40,069 SH   SOLE   35,359 4,503 207
MICROSEMI CORPORATION COM 595137100 12,106 452,375 SH   SOLE   390,045 4,655 57,675
MICROSOFT CORP COM 594918104 2,344 56,203 SH   SOLE   49,030 6,861 312
Microstrategy Inc. COM 594972408 72 511 SH   SOLE   511 0 0
Mitsubishi UFJ Financial Group Inc. ADS COM 606822104 6,320 1,027,719 SH   SOLE   118,140 341,041 568,538
Mizuho Finl Group Inc. COM 60687Y109 48 11,632 SH   SOLE   11,632 0 0
MOLSON COOR BREW CO CL B COM 60871r209 190 2,562 SH   SOLE   550 2,012 0
MONTPELIER RE HLDGS LTD COM G62185106 4,904 153,501 SH   SOLE   133,070 1,396 19,035
Motorola Solutions Inc COM 620076307 295 4,425 SH   SOLE   4,425 0 0
Mueller Industries Inc COM 624756102 52 1,760 SH   SOLE   1,760 0 0
MURPHY OIL CORP COMMON STOCK USD1.0 COM 626717102 220 3,307 SH   SOLE   1,694 1,613 0
Murphy USA Inc. COM 626755102 70 1,435 SH   SOLE   1,435 0 0
Nabors Industries Ltd. COM G6359F103 461 15,699 SH   SOLE   15,699 0 0
NASDAQ OMX GROUP/THE COMMON STOCK USD.01 COM 631103108 164 4,242 SH   SOLE   900 3,342 0
National Australia Bank COM 632525408 68 4,421 SH   SOLE   4,421 0 0
NATIONAL OILWELL VARCO INC COMMON STOCK US COM 637071101 303 3,674 SH   SOLE   3,674 0 0
Navient Corp COM 63938C108 64 3,629 SH   SOLE   3,629 0 0
NBT Bancorp COM 628778102 2,265 94,305 SH   SOLE   81,470 952 11,883
NCR Corp COM 62886E108 214 6,096 SH   SOLE   3,211 2,885 0
NELNET INC CL A COM 64031N108 2,903 70,081 SH   SOLE   60,852 444 8,785
NETAPP INC COM 64110D104 121 3,310 SH   SOLE   1,795 1,515 0
Neustar Inc. Class A COM 64126X201 45 1,747 SH   SOLE   1,747 0 0
New Residential Investment COM 64828T102 8,056 1,278,713 SH   SOLE   1,101,125 12,888 164,700
NEWMONT MINING CORP COM 651639106 1,096 43,072 SH   SOLE   37,774 5,064 234
Nippon Teleg Adr COM 654624105 6,809 218,152 SH   SOLE   25,604 75,798 116,750
NISSAN MTR LTD SPN ADR COM 654744408 48 2,533 SH   SOLE   2,533 0 0
Noble Corp COM G65431101 94 2,788 SH   SOLE   2,788 0 0
Nomura Hldg Inc Spons- ADR COM 65535H208 6,248 888,772 SH   SOLE   101,037 295,571 492,164
NORFOLK SOUTHERN CORP COMMON STOCK USD1.0 COM 655844108 378 3,671 SH   SOLE   2,521 1,150 0
NORTHROP GRUMMAN CORP COM 666807102 277 2,314 SH   SOLE   2,314 0 0
NOW INC/DE COM 67011P100 33 917 SH   SOLE   917 0 0
NTT Docomo Inc Spons- ADR COM 62942M201 52 3,014 SH   SOLE   3,014 0 0
NUCOR CORP COMMON STOCK USD.4 COM 670346105 114 2,305 SH   SOLE   490 1,815 0
OCCIDENTAL PETE CORP COM 674599105 382 3,724 SH   SOLE   3,724 0 0
Oil States International Inc COM 678026105 76 1,189 SH   SOLE   250 939 0
Old Republic Intl Corp COM 680223104 90 5,415 SH   SOLE   5,415 0 0
Olin Corp COM 680665205 10,286 382,095 SH   SOLE   331,445 3,380 47,270
Omega Healthcare Investors COM 681936100 7,967 216,148 SH   SOLE   185,690 2,548 27,910
OPEN JT STK CO-VIMPEL SPONSORED ADR COM 92719a106 54 6,464 SH   SOLE   6,464 0 0
Oracle Corp COM 68389X105 101 2,492 SH   SOLE   2,492 0 0
ORANGE-SPON ADR COM 684060106 69 4,350 SH   SOLE   4,350 0 0
Oshkosh Truck Corp. COM 688239201 134 2,421 SH   SOLE   520 1,901 0
Outerwall Inc. COM 690070107 49 818 SH   SOLE   818 0 0
OWENS &MINOR INC HLDG CO COM 690732102 8,719 256,603 SH   SOLE   223,858 1,971 30,774
OWENS ILLINOIS INC COMMON STOCK USD.01 COM 690768403 268 7,733 SH   SOLE   3,724 4,009 0
PAN AMERICAN SILVER CP F COM 697900108 7,723 503,124 SH   SOLE   433,040 5,362 64,722
PartnerRe Ltd. COM G6852T105 138 1,267 SH   SOLE   270 997 0
PBF ENERGY INC-CLASS A COM 69318G106 6,490 243,532 SH   SOLE   210,150 2,602 30,780
Pennsylvania Rl Est Tr Sh Ben Int COM 709102107 6,853 364,113 SH   SOLE   315,675 3,338 45,100
PETROCHINA CO LTD SP ADR COM 71646E100 27 218 SH   SOLE   218 0 0
Petroleo Brasileiro S/A COM 71654v408 6,367 435,172 SH   SOLE   48,086 146,454 240,632
PFIZER INCORPORATED COM 717081103 404 13,615 SH   SOLE   13,615 0 0
PHILIP MORRIS INTL INC COM 718172109 338 4,012 SH   SOLE   4,012 0 0
Phillips 66 COM 718546104 358 4,449 SH   SOLE   4,449 0 0
PITNEY BOWES INC COM 724479100 95 3,439 SH   SOLE   3,439 0 0
PLANTRONICS INC COM 727493108 10,429 217,036 SH   SOLE   188,600 1,686 26,750
PLATINUM UNDERWRITERS F COM G7127P100 6,488 100,046 SH   SOLE   87,100 1,008 11,938
PNC FINL SERVICES GP INC COM 693475105 2,459 27,613 SH   SOLE   24,317 3,152 144
Portland General Electric COM 736508847 10,832 312,444 SH   SOLE   271,050 2,935 38,459
Power Corp. of Canada COM 739239101 0 0 SH   SOLE   0 0 0
PPG Industries Inc. COM 693506107 230 1,095 SH   SOLE   1,095 0 0
PPL CORPORATION COMMON STOCK USD.01 COM 69351T106 456 12,825 SH   SOLE   9,668 3,157 0
PRINCIPAL FINANCIAL GROUP COMMON STOCK USD COM 74251V102 152 3,002 SH   SOLE   3,002 0 0
Proassurance Corp. COM 74267c106 58 1,317 SH   SOLE   1,317 0 0
Prospect Capital Corp. COM 74348T102 2,493 234,620 SH   SOLE   194,452 2,880 37,288
Prosperity Bancshares Inc. COM 743606105 6,631 105,927 SH   SOLE   88,798 982 16,147
PROTECTIVE LIFE CORP COM 743674103 14,843 214,099 SH   SOLE   183,298 2,081 28,720
PRUDENTIAL FINANCIAL INC COMMON STOCK USD. COM 744320102 297 3,341 SH   SOLE   3,341 0 0
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK COM 744573106 313 7,669 SH   SOLE   7,669 0 0
Pulte Homes, Inc COM 745867101 92 4,554 SH   SOLE   4,554 0 0
Qlogic Corp. COM 747277101 7,682 761,360 SH   SOLE   656,860 7,295 97,205
QUALCOMM INC COMMON STOCK USD.0001 COM 747525103 1,557 19,664 SH   SOLE   16,263 3,252 149
Quest Diagnostics Inc. COM 74834L100 2,112 35,982 SH   SOLE   31,268 4,506 208
Rait Financial Trust COM 749227609 8,124 982,377 SH   SOLE   845,857 10,157 126,363
Regions Financial Corp. New COM 7591ep100 432 40,649 SH   SOLE   28,958 11,691 0
Renaissancere Holdings LTD COM G7496G103 99 925 SH   SOLE   925 0 0
Rent-A-Center Inc. COM 76009n100 63 2,202 SH   SOLE   2,202 0 0
REPSOL YPF SA -SPONSORED ADR COM 76026t205 51 1,934 SH   SOLE   1,934 0 0
REYNOLDS AMERICAN INC COM 761713106 157 2,600 SH   SOLE   2,600 0 0
RIO Tinto PLC, Spon ADR COM 767204100 46 840 SH   SOLE   840 0 0
Rock-Tenn COM 772739207 134 1,265 SH   SOLE   270 995 0
Rogers Communications B COM 775109200 26 638 SH   SOLE   638 0 0
Rosetta Resources Inc COM 777779307 68 1,235 SH   SOLE   1,235 0 0
Royal Bank of Canada COM 780087102 60 833 SH   SOLE   833 0 0
ROYAL DUTCH SHELL PLC ADR ADR COM 780259206 6,512 79,062 SH   SOLE   9,075 26,064 43,923
RWE AG Sponsored ADR COM 74975E303 51 1,182 SH   SOLE   1,182 0 0
RYDER SYSTEM INC COM 783549108 15,043 170,764 SH   SOLE   145,100 2,939 22,725
Ryland Group Inc Com COM 783764103 56 1,427 SH   SOLE   1,427 0 0
SANDERSON FARMS INC COMMON STOCK USD1.0 COM 800013104 73 746 SH   SOLE   746 0 0
Sanmina Corp COM 801056102 5,786 253,999 SH   SOLE   218,822 2,587 32,590
Sasol LTD Sponsored ADR COM 803866300 28 471 SH   SOLE   471 0 0
Schulman A Inc Com COM 808194104 3,461 89,425 SH   SOLE   77,705 795 10,925
Schweitzer-Mauduit Com COM 808541106 60 1,381 SH   SOLE   1,381 0 0
Science Applications Intl. Corp COM 808625107 5,332 120,741 SH   SOLE   104,030 1,246 15,465
SEADRILL LTD COM G7945E105 1,324 33,143 SH   SOLE   27,614 5,287 242
SECTOR SPDR FINANCIAL COM 81369y605 164 7,200 SH   SOLE   7,200 0 0
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 9,353 599,534 SH   SOLE   517,005 6,049 76,480
SENIOR HOUSING PROP TRUST REIT USD.01 COM 81721M109 147 6,040 SH   SOLE   1,290 4,750 0
Shaw Communications Inc. B COM 82028k200 147 5,720 SH   SOLE   1,220 4,500 0
SHINHAN FINANCIAL GP SPN ADR RESTRD COM 824596100 64 1,396 SH   SOLE   1,396 0 0
Siemens AG ADR COM 826197501 5,807 43,926 SH   SOLE   4,632 14,706 24,588
SK TELECOM ADR COM 78440P108 7,119 274,433 SH   SOLE   31,788 92,537 150,108
SLM CORP COMMON STOCK USD.2 COM 78442P106 30 3,629 SH   SOLE   3,629 0 0
SMITH-NPHW PLC SPADR NEW COM 83175M205 6,685 74,877 SH   SOLE   8,013 25,304 41,560
Societe General Spn COM 83364l109 5,527 527,431 SH   SOLE   53,593 180,530 293,308
Sonic Automotive Inc Cl A COM 83545G102 68 2,551 SH   SOLE   2,551 0 0
Southern Copper Corp. COM 84265V105 16 540 SH   SOLE   540 0 0
SPDR S&P OIL & GAS & PR COM 78464A730 68 829 SH   SOLE   829 0 0
St Jude Medical Inc COM 790849103 2,198 31,736 SH   SOLE   27,298 4,244 194
STANCORP FINANCIAL GROUP COMMON STOCK NPV COM 852891100 56 870 SH   SOLE   870 0 0
STAPLES INC COM 855030102 1,498 138,183 SH   SOLE   115,368 22,119 696
State Street Corp COM 857477103 216 3,204 SH   SOLE   3,204 0 0
StatoilHydro ASA COM 85771p102 6,168 200,081 SH   SOLE   22,118 67,327 110,636
Steel Dynamics Inc Com COM 858119100 7,766 432,623 SH   SOLE   364,003 4,625 63,995
Sturm Ruger & Co. COM 864159108 55 933 SH   SOLE   933 0 0
Sumitomo Corp SP ADR COM 865613103 49 3,608 SH   SOLE   3,608 0 0
SUMITOMO MITSUI-SPONS ADR COM 86562M209 5,477 646,693 SH   SOLE   73,629 212,375 360,689
Sun Life Financial Inc. COM 866796105 29 786 SH   SOLE   786 0 0
Suncor Energy Inc. COM 867224107 6,693 157,002 SH   SOLE   17,498 53,431 86,073
SUNTRUST BANKS INC COM 867914103 2,055 51,286 SH   SOLE   41,822 9,174 290
SUSQUEHANNA BANCSHARES INC. COM 869099101 54 5,114 SH   SOLE   5,114 0 0
SWEDBANK AB-ADR COM 870195104 53 1,991 SH   SOLE   1,991 0 0
Sykes Enterprises Inc Com COM 871237103 2,614 120,305 SH   SOLE   103,669 1,186 15,450
SYMANTEC CORP COMMON STOCK USD.01 COM 871503108 606 26,446 SH   SOLE   20,453 5,993 0
SYMETRA FINANCIAL CORP COM 87151q106 6,025 264,943 SH   SOLE   230,100 2,118 32,725
SYNOPSYS INC COMMON STOCK USD.01 COM 871607107 128 3,294 SH   SOLE   700 2,594 0
TATA MTRS LTD SPONSORED ADR COM 876568502 6,214 159,096 SH   SOLE   17,498 54,968 86,630
TCF Financial Corp. Com COM 872275102 4,635 283,113 SH   SOLE   244,944 2,682 35,487
Tech Data Corp. COM 878237106 5,271 84,315 SH   SOLE   72,787 850 10,678
TECO ENERGY INC COM 872375100 3,079 166,625 SH   SOLE   115,245 3,355 48,025
TELECOM ITALIA S P A NEW COM 87927Y102 68 5,379 SH   SOLE   5,379 0 0
Telefonica SA Spain ADR COM 879382208 6,359 370,582 SH   SOLE   41,962 123,232 205,388
Teradyne Inc COM 880770102 1 65 SH   SOLE   0 65 0
Tesco PLC Spons- ADR COM 881575302 6,014 410,486 SH   SOLE   44,190 138,588 227,708
Teva Pharmaceutical Industries Ltd. COM 881624209 8,339 159,090 SH   SOLE   43,165 47,493 68,432
The Dun & Bradstreet Corp COM 26483E100 95 863 SH   SOLE   863 0 0
THERMO FISHER SCIENTIFIC INC COMMON STOCK COM 883556102 1,938 16,420 SH   SOLE   14,102 2,218 100
TIDEWATER INC COMMON STOCK USD.1 COM 886423102 67 1,193 SH   SOLE   1,193 0 0
Toronto-Dominion Bank COM 891160509 42 814 SH   SOLE   814 0 0
Total SA ADR COM 89151E109 6,869 95,140 SH   SOLE   11,001 32,055 52,084
Toyota Motor Corp. ADR COM 892331307 40 336 SH   SOLE   336 0 0
TRANSOCEAN LTD COM h8817h100 98 2,169 SH   SOLE   2,169 0 0
TRAVELERS COS INC/THE COMMON STOCK NPV COM 89417E109 320 3,400 SH   SOLE   3,400 0 0
Trinity Industries COM 896522109 385 8,814 SH   SOLE   8,814 0 0
TRIPLE-S MANAGEMENT CORP-B COM 896749108 2,315 129,102 SH   SOLE   111,205 1,305 16,592
Triumph Group Inc New Com COM 896818101 62 892 SH   SOLE   892 0 0
TUTOR PERINI CORP COM 901109108 10,938 344,614 SH   SOLE   297,885 3,339 43,390
Twenty-First Century Fox-A COM 90130A101 229 6,507 SH   SOLE   6,507 0 0
Two Harbors Investment Corp COM 90187B101 147 14,071 SH   SOLE   2,990 11,081 0
U S BANCORP DEL NEW COM 902973304 336 7,752 SH   SOLE SOLE 7,752 0 0
UBS AG COM h89231338 4,948 270,082 SH   SOLE   0 94,071 176,011
Ultra Petroleum Corp COM 903914109 11,145 375,364 SH   SOLE   322,150 3,879 49,335
Umpqua Holdings Corp. COM 904214103 3,949 220,376 SH   SOLE   190,680 2,451 27,245
Unisys Corp. COM 909214306 3,194 129,107 SH   SOLE   111,240 1,357 16,510
Unit Corporation COM 909218109 9,922 144,148 SH   SOLE   124,308 1,463 18,377
UNITED OVERSEAS BANK-SP ADR COM 911271302 20 565 SH   SOLE   565 0 0
United Stationers Inc Com COM 913004107 58 1,402 SH   SOLE   1,402 0 0
UNITED TECHNOLOGIES CORP COM 913017109 139 1,200 SH   SOLE   1,200 0 0
UNITEDHEALTH GROUP INC COM 91324p102 628 7,685 SH   SOLE   7,685 0 0
UNUM GROUP COMMON STOCK USD.1 COM 91529Y106 225 6,486 SH   SOLE   3,379 3,107 0
URS CORP COMMON STOCK USD.01 COM 903236107 7,873 171,713 SH   SOLE   147,366 3,717 20,630
VALERO ENERGY CORP NEW COM 91913y100 2,360 47,108 SH   SOLE   39,376 7,500 232
Valmont Industries COM 920253101 90 590 SH   SOLE   590 0 0
VERIZON COMMUNICATIONS COM 92343v104 312 6,378 SH   SOLE   6,378 0 0
Vishay Intertech COM 928298108 10,728 692,597 SH   SOLE   596,745 6,782 89,070
VOLKSWAGEN AG SPONSORED ADR COM 928662303 45 867 SH   SOLE   867 0 0
Wal-Mart Stores COM 931142103 230 3,069 SH   SOLE   3,069 0 0
WASHINGTON FEDERAL INC SEATTLE COM 938824109 8,731 389,265 SH   SOLE   335,380 3,945 49,940
WASTE MANAGEMENT INC COM 94106l109 134 2,990 SH   SOLE   640 2,350 0
Webster Finl Corp Waterbury COM 947890109 6,095 193,250 SH   SOLE   167,724 1,596 23,930
WELLPOINT INC COMMON STOCK USD.01 COM 94973V107 313 2,913 SH   SOLE   2,913 0 0
WELLS FARGO & CO NEW COM 949746101 2,598 49,422 SH   SOLE   43,752 5,422 248
WesBanco Inc. COM 950810101 2,695 86,820 SH   SOLE   74,492 347 11,981
WESTERN DIGITAL CORP COMMON STOCK USD.01 COM 958102105 283 3,064 SH   SOLE   3,064 0 0
WESTERN UN CO COM 959802109 500 28,857 SH   SOLE   28,857 0 0
Wiley John & Sons CL A COM 968223206 5,797 95,674 SH   SOLE   83,046 858 11,770
Wintrust Finl Corp Com COM 97650W108 9,169 199,331 SH   SOLE   172,332 1,879 25,120
Worthington Industries Inc COM 981811102 8,174 189,921 SH   SOLE   164,620 1,723 23,578
WR Berkley Corp COM 084423102 100 2,163 SH   SOLE   2,163 0 0
XEROX CORP COMMON STOCK USD1.0 COM 984121103 153 12,334 SH   SOLE   12,334 0 0
XL GROUP PLC COMMON STOCK USD.01 COM G98290102 94 2,886 SH   SOLE   2,886 0 0
YAMANA GOLD INC COM 98462y100 3,807 463,177 SH   SOLE   128,142 141,364 193,671
ZIMMER HOLDINGS INC COM 98956p102 173 1,666 SH   SOLE   360 1,306 0
ZURICH INS GROUP AG COM 989825104 63 2,084 SH   SOLE   2,084 0 0