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
Agco Corp Com 001084102 248 4,940 SH   SOLE 0 0 0 4,940
AES Corp. Com 00130H105 289 24,085 SH   SOLE 0 0 0 24,085
AIA Group Ltd Com 001317205 182 10,756 SH   SOLE 0 0 0 10,756
Amn Healthcare Services Inc Com 001744101 150 10,465 SH   SOLE 0 0 0 10,465
AT&T Inc. Com 00206R102 876 24,759 SH   SOLE 0 0 0 24,759
Abbott Laboratories Com 002824100 994 28,497 SH   SOLE 0 0 0 28,497
Abercrombie & Fitch Co. Com 002896207 362 7,998 SH   SOLE 0 0 0 7,998
Aeropostale Inc Com 007865108 173 12,560 SH   SOLE 0 0 0 12,560
Aetna Inc New Com 00817Y108 567 8,924 SH   SOLE 0 0 0 8,924
Affiliated Managers Group Inc Com 008252108 228 1,391 SH   SOLE 0 0 0 1,391
Agrium Inc. Com 008916108 231 2,660 SH   SOLE 0 0 0 2,660
Air Products & Chemicals Inc Com 009158106 235 2,566 SH   SOLE 0 0 0 2,566
ADR Akzo Nobel NV Sponsored Com 010199305 417 22,203 SH   SOLE 0 0 0 22,203
Alleghany Corp Del Com 017175100 260 679 SH   SOLE 0 0 0 679
Allergan Com 018490102 550 6,527 SH   SOLE 0 0 0 6,527
Alliance Data Systems Com 018581108 301 1,664 SH   SOLE 0 0 0 1,664
Alliance Resource Partners Ltd Com 01877R108 283 4,000 SH   SOLE 0 0 0 4,000
Allstate Corp. Com 020002101 227 4,720 SH   SOLE 0 0 0 4,720
Altra Holdings Inc Com 02208R106 220 8,045 SH   SOLE 0 0 0 8,045
Altria Group Inc Com 02209S103 353 10,080 SH   SOLE 0 0 0 10,080
Amazon Com Inc Com 023135106 299 1,075 SH   SOLE 0 0 0 1,075
American Express Co Com 025816109 219 2,925 SH   SOLE 0 0 0 2,925
Amerisource-Bergen Corp Com 03073E105 212 3,801 SH   SOLE 0 0 0 3,801
Anheuser Busch Inbev Sa/Nv Sponsored ADR Com 03524A108 239 2,643 SH   SOLE 0 0 0 2,643
Apple Inc Com 037833100 986 2,486 SH   SOLE 0 0 0 2,486
Astrazeneca Plc Adr Com 046353108 266 5,625 SH   SOLE 0 0 0 5,625
Atlas Copco Com 049255706 265 11,040 SH   SOLE 0 0 0 11,040
Atmel Corp Com 049513104 177 24,107 SH   SOLE 0 0 0 24,107
Avnet Inc. Com 053807103 310 9,225 SH   SOLE 0 0 0 9,225
BCE Inc New Com 05534B760 253 6,175 SH   SOLE 0 0 0 6,175
BG Group Plc Com 055434203 232 13,654 SH   SOLE 0 0 0 13,654
BP Plc Sponsored Adr Com 055622104 325 7,776 SH   SOLE 0 0 0 7,776
BNP Paribas Sponsored Adr Com 05565A202 259 9,488 SH   SOLE 0 0 0 9,488
Banco De Santander Cent Hispano S A Adr Com 05964H105 130 20,158 SH   SOLE 0 0 0 20,158
Barclays Plc Adr Com 06738E204 338 19,765 SH   SOLE 0 0 0 19,765
Baxter International, Inc. Com 071813109 445 6,421 SH   SOLE 0 0 0 6,421
Bayer Ag Sponsored Adr Com 072730302 378 3,551 SH   SOLE 0 0 0 3,551
Becton Dickinson & Co Com 075887109 385 3,892 SH   SOLE 0 0 0 3,892
Berkshire Hathaway Inc Del Cl A Com 084670108 337 2 SH   SOLE 0 2 0 0
Berkshire Hills Bancorp Inc Com 084680107 226 8,125 SH   SOLE 0 0 0 8,125
Biomed Realty Trust Inc Com 09063H107 323 15,968 SH   SOLE 0 0 0 15,968
Boeing Co Com 097023105 583 5,694 SH   SOLE 0 0 0 5,694
Boston Scientific Corp Com 101137107 198 21,322 SH   SOLE 0 0 0 21,322
BrandyWine Realty Com 105368203 543 40,138 SH   SOLE 0 0 0 40,138
Bristol-Myers Squibb Co. Com 110122108 251 5,622 SH   SOLE 0 0 0 5,622
Cbl & Assoc Pptys Inc-Reit Com 124830100 283 13,235 SH   SOLE 0 0 0 13,235
CBRE Group Inc Cl A Com 12504L109 268 11,479 SH   SOLE 0 0 0 11,479
Cleco Corp New Com 12561W105 439 9,449 SH   SOLE 0 0 0 9,449
CMS Energy Corporation Com 125896100 325 11,973 SH   SOLE 0 0 0 11,973
CVS/Caremark Corp Com 126650100 1,455 25,446 SH   SOLE 0 0 0 25,446
Canadian Natl Ry Co Com 136375102 257 2,637 SH   SOLE 0 0 0 2,637
Capital One Financial Com 14040H105 307 4,892 SH   SOLE 0 0 0 4,892
Carnival Corp Com 143658300 310 9,044 SH   SOLE 0 0 0 9,044
Chevron Corporation Com 166764100 964 8,148 SH   SOLE 0 0 0 8,148
China Unicom (Hong Kong) Ltdsponsored Adr Com 16945R104 158 12,025 SH   SOLE 0 0 0 12,025
Chipotle Mexican Grill Com 169656105 322 883 SH   SOLE 0 0 0 883
Circor Intl Inc Com 17273K109 245 4,811 SH   SOLE 0 0 0 4,811
Cisco Systems Com 17275R102 288 11,820 SH   SOLE 0 0 0 11,820
Coca Cola Co Com 191216100 597 14,882 SH   SOLE 0 0 0 14,882
Coca-Cola Enterprises Inc Com 19122T109 278 7,920 SH   SOLE 0 0 0 7,920
Colgate Palmolive Co Com 194162103 210 3,670 SH   SOLE 0 0 0 3,670
Comfort Sys Usa Inc Com 199908104 163 10,950 SH   SOLE 0 0 0 10,950
Comcast Corp New Cl A Com 20030N101 212 5,088 SH   SOLE 0 0 0 5,088
Comcast Corp New Cl A Spl Com 20030N200 578 14,567 SH   SOLE 0 0 0 14,567
ConocoPhillips Com 20825C104 301 4,975 SH   SOLE 0 0 0 4,975
Corrections Corp of America Com 22025Y407 245 7,237 SH   SOLE 0 0 0 7,237
Dbs Group Hldgs Ltd Sponsored Adr Com 23304Y100 270 5,515 SH   SOLE 0 0 0 5,515
Danaher Corp Com 235851102 659 10,406 SH   SOLE 0 0 0 10,406
Danone Sa Adr Com 23636T100 284 18,944 SH   SOLE 0 0 0 18,944
Darden Restaurants Inc Com 237194105 297 5,881 SH   SOLE 0 0 0 5,881
Delta Air Lines Inc Com 247361702 285 15,256 SH   SOLE 0 0 0 15,256
Denso Corp. Com 24872B100 433 18,433 SH   SOLE 0 0 0 18,433
Devon Energy Corp New Com 25179M103 323 6,233 SH   SOLE 0 0 0 6,233
Diageo Plc New Adr Com 25243Q205 636 5,534 SH   SOLE 0 0 0 5,534
Diamond Offshore Drilling Inc. Com 25271C102 288 4,185 SH   SOLE 0 0 0 4,185
Diamondrock Hospitality Co Com 252784301 139 14,923 SH   SOLE 0 0 0 14,923
Disney Walt Co Com 254687106 565 8,946 SH   SOLE 0 3 0 8,943
Discover Finl Svcs Com 254709108 236 4,962 SH   SOLE 0 0 0 4,962
Discovery Communications Inc New Ser A Com 25470F104 272 3,520 SH   SOLE 0 0 0 3,520
Dollar Tree Inc Com 256746108 206 4,056 SH   SOLE 0 0 0 4,056
Dover Corp Com 260003108 327 4,210 SH   SOLE 0 2,700 0 1,510
Dow Chemical Co Com 260543103 413 12,828 SH   SOLE 0 0 0 12,828
Du Pont De Nemours Ei Co Com 263534109 288 5,481 SH   SOLE 0 0 0 5,481
EMC Corp Mass Com 268648102 300 12,708 SH   SOLE 0 0 0 12,708
eBay, Inc. Com 278642103 348 6,733 SH   SOLE 0 0 0 6,733
Emcor Group Com 29084Q100 363 8,935 SH   SOLE 0 0 0 8,935
Energen Corp. Com 29265N108 234 4,481 SH   SOLE 0 0 0 4,481
Entegris Inc Com 29362U104 171 18,240 SH   SOLE 0 0 0 18,240
Enterprise Prods Partners LP Com 293792107 278 4,480 SH   SOLE 0 0 0 4,480
Ericsson Adr Com 294821608 141 12,484 SH   SOLE 0 0 0 12,484
Excel Trust Inc Com Com 30068C109 225 17,555 SH   SOLE 0 0 0 17,555
Express Scripts Hldg Co Com 30219G108 296 4,802 SH   SOLE 0 0 0 4,802
Exxon-Mobil Corp Com 30231G102 1,568 17,359 SH   SOLE 0 0 0 17,359
Factset Resh Sys Inc Com 303075105 236 2,316 SH   SOLE 0 0 0 2,316
Family Dollar Stores Inc Com 307000109 284 4,556 SH   SOLE 0 0 0 4,556
Fastenal Company Com 311900104 302 6,602 SH   SOLE 0 0 0 6,602
Fidelity Natl Information Svcs Inc. Com 31620M106 320 7,467 SH   SOLE 0 0 0 7,467
Fifth Third Bancorp Com 316773100 474 26,243 SH   SOLE 0 0 0 26,243
The Finish Line Inc Com 317923100 234 10,685 SH   SOLE 0 0 0 10,685
First Ctzns Bancshares Inc Ncl A Com 31946M103 307 1,600 SH   SOLE 0 0 0 1,600
Ford Motor Company Com 345370860 473 30,559 SH   SOLE 0 0 0 30,559
Franklin Resources Com 354613101 320 2,353 SH   SOLE 0 0 0 2,353
GDF Suez Spons Adr Com 36160B105 241 12,303 SH   SOLE 0 0 0 12,303
GNC Holdings Inc Com 36191G107 224 5,071 SH   SOLE 0 0 0 5,071
Generac Holdings Inc Com 368736104 231 6,248 SH   SOLE 0 0 0 6,248
General Electric Co. Com 369604103 660 28,444 SH   SOLE 0 0 0 28,444
General Mills Inc Com 370334104 730 15,033 SH   SOLE 0 0 0 15,033
Genuine Parts Co Com 372460105 258 3,305 SH   SOLE 0 0 0 3,305
PH Glatfelter Com 377316104 229 9,135 SH   SOLE 0 0 0 9,135
Glaxo Smithkline Sponsored Adr Com 37733W105 353 7,061 SH   SOLE 0 0 0 7,061
Goldman Sachs Group Inc. Com 38141G104 806 5,330 SH   SOLE 0 0 0 5,330
Goldman Sachs Satellite Strategies Ptf, Insti Com 38143H332 4,458 567,910 SH   SOLE 0 19,733 0 548,177
Google Inc Com 38259P508 1,788 2,031 SH   SOLE 0 0 0 2,031
Grainger W W Inc. Com 384802104 280 1,112 SH   SOLE 0 0 0 1,112
Hcc Ins Hldgs Inc Com 404132102 214 4,958 SH   SOLE 0 0 0 4,958
HCP Inc REIT Com 40414L109 264 5,810 SH   SOLE 0 0 0 5,810
HSBC Hldgs Plc Spons Adr New Com 404280406 569 10,955 SH   SOLE 0 0 0 10,955
Halliburton Co Com 406216101 280 6,713 SH   SOLE 0 0 0 6,713
Healthsouth Corp. Com 421924309 268 9,296 SH   SOLE 0 0 0 9,296
Health Care Reit Inc Com 42217K106 292 4,350 SH   SOLE 0 0 0 4,350
Hennes & Mauritz Ab ADR Com 425883105 132 20,273 SH   SOLE 0 0 0 20,273
Home Depot Inc Com 437076102 210 2,713 SH   SOLE 0 0 0 2,713
Honda Motor Corp Com 438128308 488 13,093 SH   SOLE 0 0 0 13,093
Honeywell Intl Inc Com 438516106 839 10,570 SH   SOLE 0 0 0 10,570
Huntsman Corp Com 447011107 181 10,906 SH   SOLE 0 0 0 10,906
Hutchison Whampoa Ltd-Adr Com 448415208 386 18,341 SH   SOLE 0 0 0 18,341
Infineon Technologies Ag Sponsored Adr Com 45662N103 160 19,149 SH   SOLE 0 0 0 19,149
ING Groep NV Sponsored Adr Com 456837103 232 25,476 SH   SOLE 0 0 0 25,476
Intel Corp. Com 458140100 296 12,220 SH   SOLE 0 0 0 12,220
Intl Business Machines Corp Com 459200101 1,507 7,887 SH   SOLE 0 0 0 7,887
Intl Paper Co Com 460146103 347 7,836 SH   SOLE 0 0 0 7,836
Intuit Com 461202103 353 5,782 SH   SOLE 0 0 0 5,782
Intuitive Surgical Com 46120E602 308 609 SH   SOLE 0 0 0 609
JP Morgan Chase & Co Com 46625H100 1,802 34,138 SH   SOLE 0 0 0 34,138
Johnson & Johnson Com 478160104 2,216 25,805 SH   SOLE 0 0 0 25,805
Johnson Controls Inc Com 478366107 326 9,101 SH   SOLE 0 0 0 9,101
KBR Inc Com 48242W106 314 9,660 SH   SOLE 0 0 0 9,660
KDDI Corp Adr Com 48667L106 307 23,656 SH   SOLE 0 0 0 23,656
Key Corp. Com 493267108 374 33,886 SH   SOLE 0 0 0 33,886
Kilroy Rlty Corp Com 49427F108 540 10,194 SH   SOLE 0 0 0 10,194
Kimberly Clark Corp Com 494368103 246 2,535 SH   SOLE 0 0 0 2,535
Kinder Morgan Inc Del Com Com 49456B101 305 8,002 SH   SOLE 0 0 0 8,002
Kraft Foods Group Inc Com 50076Q106 312 5,587 SH   SOLE 0 0 0 5,587
Kroger & Co Com 501044101 375 10,862 SH   SOLE 0 0 0 10,862
Lkq Corp Com 501889208 220 8,544 SH   SOLE 0 0 0 8,544
Li & Fung Ltd Com 501897102 236 85,775 SH   SOLE 0 0 0 85,775
LTX - Credence Corp Com 502403207 131 21,895 SH   SOLE 0 0 0 21,895
Lvmh Moet Hennessy Lou Vuittadr Com 502441306 206 6,370 SH   SOLE 0 0 0 6,370
Lam Research Com 512807108 242 5,462 SH   SOLE 0 0 0 5,462
Liberty Ppty Tr Sh Ben Com 531172104 300 8,112 SH   SOLE 0 0 0 8,112
Lilly Eli & Co Com 532457108 316 6,425 SH   SOLE 0 0 0 6,425
Lincoln National Corp Com 534187109 805 22,061 SH   SOLE 0 0 0 22,061
Lockheed Martin Corp Com Com 539830109 1,182 10,900 SH   SOLE 0 0 0 10,900
Lorillard Inc Com 544147101 877 20,077 SH   SOLE 0 0 0 20,077
Magna International Com 559222401 278 3,905 SH   SOLE 0 0 0 3,905
McDonalds Corp Com 580135101 208 2,103 SH   SOLE 0 0 0 2,103
Merck & Co Inc New Com 58933Y105 832 17,908 SH   SOLE 0 0 0 17,908
Metlife, Inc. Com 59156R108 1,354 29,595 SH   SOLE 0 0 0 29,595
Microsoft Corporation Com 594918104 661 19,129 SH   SOLE 0 0 0 19,129
Micron Technology Inc. Com 595112103 318 22,182 SH   SOLE 0 0 0 22,182
Mitsubishi UFJ Finl Group Inc. ADR Com 606822104 340 54,749 SH   SOLE 0 0 0 54,749
Mohawk Industries Com 608190104 235 2,087 SH   SOLE 0 0 0 2,087
Monsanto Co New Com 61166W101 492 4,979 SH   SOLE 0 0 0 4,979
Moody's Corp Com 615369105 325 5,340 SH   SOLE 0 0 0 5,340
Mosaic Holding Company Com 61945C103 299 5,557 SH   SOLE 0 0 0 5,557
Mueller Industries Inc Com 624756102 238 4,715 SH   SOLE 0 0 0 4,715
NRG Energy Inc Com 629377508 419 15,689 SH   SOLE 0 0 0 15,689
National Oilwell Varco, Inc. Com 637071101 281 4,082 SH   SOLE 0 0 0 4,082
Nektar Therapeutics Com 640268108 212 18,320 SH   SOLE 0 0 0 18,320
Nestle Adr Com 641069406 963 14,704 SH   SOLE 0 0 0 14,704
Newell Rubbermaid Inc Com 651229106 204 7,785 SH   SOLE 0 0 0 7,785
NextEra Energy Inc Com 65339F101 315 3,865 SH   SOLE 0 0 0 3,865
Nike, Inc. Class B Com 654106103 528 8,288 SH   SOLE 0 0 0 8,288
Nisource Inc. Com 65473P105 387 13,524 SH   SOLE 0 0 0 13,524
Noble Energy Inc Com 655044105 210 3,505 SH   SOLE 0 0 0 3,505
Norfolk Southern Corp Com 655844108 268 3,684 SH   SOLE 0 0 0 3,684
Northwestern Corp Com 668074305 252 6,310 SH   SOLE 0 0 0 6,310
Novartis Ag Sponsored Adr Com 66987V109 876 12,386 SH   SOLE 0 0 0 12,386
Nucor Corp Com 670346105 402 9,288 SH   SOLE 0 0 0 9,288
Occidental Petroleum Com 674599105 859 9,629 SH   SOLE 0 0 0 9,629
Omnicare Inc Com 681904108 368 7,707 SH   SOLE 0 0 0 7,707
Omnivision Technologies Inc Com 682128103 243 13,030 SH   SOLE 0 0 0 13,030
On Semiconductor Corp Com 682189105 334 41,280 SH   SOLE 0 0 0 41,280
Oracle Corporation Com 68389X105 745 24,269 SH   SOLE 0 0 0 24,269
PNC Financial Services Group Com 693475105 217 2,975 SH   SOLE 0 0 0 2,975
PPG Ind Inc Com 693506107 804 5,489 SH   SOLE 0 0 0 5,489
Patterson Uti Energy Inc Com 703481101 396 20,440 SH   SOLE 0 0 0 20,440
Paychex Inc. Com 704326107 375 10,260 SH   SOLE 0 0 0 10,260
Peabody Energy Corp Com 704549104 173 11,839 SH   SOLE 0 0 0 11,839
Pepsico Inc Com 713448108 248 3,038 SH   SOLE 0 0 0 3,038
Perrigo Com Com 714290103 203 1,679 SH   SOLE 0 0 0 1,679
Pfizer Inc. Com 717081103 1,384 49,421 SH   SOLE 0 0 0 49,421
Philip Morris Intl Inc Com 718172109 1,532 17,681 SH   SOLE 0 0 0 17,681
PIMCO Unconstrained Bond Instl Class Com 72201M487 1,389 123,020 SH   SOLE 0 12,988 0 110,031
Precision Castparts Corp Com 740189105 644 2,850 SH   SOLE 0 0 0 2,850
Price T Rowe Associates Inc. Com 74144T108 456 6,236 SH   SOLE 0 0 0 6,236
Procter & Gamble Co Com 742718109 658 8,542 SH   SOLE 0 0 0 8,542
Provident New York Bancorp Com 744028101 150 16,018 SH   SOLE 0 0 0 16,018
Prudential Financial Inc Com 744320102 745 10,205 SH   SOLE 0 0 0 10,205
Publicis Groupe SA Com 74463M106 203 11,408 SH   SOLE 0 0 0 11,408
Qualcomm Inc Com 747525103 751 12,293 SH   SOLE 0 0 0 12,293
RF Micro Devices Inc Com 749941100 106 19,875 SH   SOLE 0 0 0 19,875
Range Res. Corp Com 75281A109 246 3,176 SH   SOLE 0 0 0 3,176
Raytheon Co Com New Com 755111507 303 4,585 SH   SOLE 0 0 0 4,585
Reckitt Benckiser Pl Com 756255204 272 19,301 SH   SOLE 0 0 0 19,301
Regions Finl Corp New Com 7591EP100 1,109 116,383 SH   SOLE 0 0 0 116,383
Rio Tinto Plc Adr Com 767204100 503 12,256 SH   SOLE 0 0 0 12,256
Roche Holdings Ltd Adr Com 771195104 490 7,888 SH   SOLE 0 0 0 7,888
Rockwell Automation Com 773903109 236 2,834 SH   SOLE 0 0 0 2,834
Royal Dutch Shell Plc Adr Cl B Com 780259107 313 4,730 SH   SOLE 0 0 0 4,730
Royal Dutch Shell Plc Adr Cl A Com 780259206 529 8,291 SH   SOLE 0 0 0 8,291
Ryder System Inc Com Com 783549108 462 7,603 SH   SOLE 0 0 0 7,603
Ryland Group Inc Com 783764103 428 10,678 SH   SOLE 0 0 0 10,678
St. Jude Medical, Inc. Com 790849103 456 9,997 SH   SOLE 0 0 0 9,997
Schlumberger Ltd Com 806857108 291 4,054 SH   SOLE 0 0 0 4,054
Schwab Charles Corp Com 808513105 218 10,262 SH   SOLE 0 0 0 10,262
Selective Ins Group Inc Com 816300107 346 15,020 SH   SOLE 0 0 0 15,020
Siemens AG ADR Com 826197501 495 4,886 SH   SOLE 0 0 0 4,886
Silicon Motion Technology Corp Com 82706C108 132 12,510 SH   SOLE 0 0 0 12,510
Skyworks Solutions, Inc. Com 83088M102 398 18,197 SH   SOLE 0 0 0 18,197
Spectrum Brands Hldgs Inc Com 84763R101 315 5,535 SH   SOLE 0 0 0 5,535
Stanley Black & Decker Inc Com 854502101 529 6,845 SH   SOLE 0 0 0 6,845
Staples, Inc. Com 855030102 177 11,135 SH   SOLE 0 0 0 11,135
Starbucks Corp Com 855244109 822 12,547 SH   SOLE 0 0 0 12,547
State Street Corp. Com 857477103 608 9,317 SH   SOLE 0 0 0 9,317
Suez Environment Co. SA Com 864691100 149 23,051 SH   SOLE 0 0 0 23,051
Sumitomo Mitsui Finl Group ADR Com 86562M209 390 42,341 SH   SOLE 0 0 0 42,341
Superior Energy Svcs Inc Com 868157108 239 9,232 SH   SOLE 0 0 0 9,232
Symantec Corp Com 871503108 477 21,221 SH   SOLE 0 0 0 21,221
Symrise Ag Adr Com 87155N109 236 5,831 SH   SOLE 0 0 0 5,831
TJX Cos Inc New Com 872540109 231 4,609 SH   SOLE 0 0 0 4,609
Taiwan Semiconductor MFG Co Ltd Adr Com 874039100 256 13,987 SH   SOLE 0 0 0 13,987
Target Corp. Com 87612E106 1,018 14,783 SH   SOLE 0 0 0 14,783
Terex Corp Com 880779103 348 13,243 SH   SOLE 0 0 0 13,243
Thermo Fisher Scientific, Inc. Com 883556102 578 6,827 SH   SOLE 0 0 0 6,827
3M Company Com 88579Y101 858 7,846 SH   SOLE 0 0 0 7,846
Torvec Inc Com 891479107 5 10,100 SH   SOLE 0 0 0 10,100
Towers Watson & Co Cl A Com 891894107 374 4,564 SH   SOLE 0 0 0 4,564
Travelers Cos Inc. Com 89417E109 1,062 13,287 SH   SOLE 0 0 0 13,287
Trinity Industries Inc Com 896522109 208 5,424 SH   SOLE 0 0 0 5,424
Trustco Bank Corp NY Com 898349105 103 19,006 SH   SOLE 0 0 0 19,006
Tyson Foods, Inc Cl A Com 902494103 222 8,653 SH   SOLE 0 0 0 8,653
Unilever Nv New York Shs New Com 904784709 502 12,778 SH   SOLE 0 0 0 12,778
Union Pacific Corp Com 907818108 238 1,545 SH   SOLE 0 0 0 1,545
United Fire Group Inc Com Com 910340108 315 12,706 SH   SOLE 0 0 0 12,706
United Parcel Service Inc Com 911312106 525 6,072 SH   SOLE 0 0 0 6,072
United Technologies Corp Com 913017109 885 9,524 SH   SOLE 0 0 0 9,524
Unum Group Com 91529Y106 256 8,719 SH   SOLE 0 0 0 8,719
V.F. Corp Com 918204108 239 1,237 SH   SOLE 0 0 0 1,237
Valero Energy Com 91913Y100 545 15,663 SH   SOLE 0 0 0 15,663
Varian Med Sys Com 92220P105 307 4,558 SH   SOLE 0 0 0 4,558
Verizon Communications Com 92343V104 490 9,733 SH   SOLE 0 0 0 9,733
Vertex Pharmaceuticals Inc Com 92532F100 297 3,713 SH   SOLE 0 0 0 3,713
Viacom Inc. New Cl B Com 92553P201 404 5,937 SH   SOLE 0 0 0 5,937
Visa Com 92826C839 703 3,848 SH   SOLE 0 0 0 3,848
Vodafone Group PLC New Com 92857W209 1,211 42,118 SH   SOLE 0 0 0 42,118
Webster Fncl Corp. Waterbury Conn. Com 947890109 263 10,250 SH   SOLE 0 0 0 10,250
Wells Fargo & Company Com 949746101 928 22,488 SH   SOLE 0 0 0 22,488
Westpac Banking Corp Com 961214301 280 2,124 SH   SOLE 0 0 0 2,124
Whirlpool Corp Com 963320106 234 2,048 SH   SOLE 0 0 0 2,048
Whiting Pete Corp Com 966387102 334 7,257 SH   SOLE 0 0 0 7,257
Wilshire Bancorp Inc Com 97186T108 108 16,310 SH   SOLE 0 0 0 16,310
XO Group Inc. Com 983772104 129 11,500 SH   SOLE 0 0 0 11,500
Xerox Corp Com 984121103 315 34,770 SH   SOLE 0 0 0 34,770
Zions Bancorp Com 989701107 308 10,645 SH   SOLE 0 0 0 10,645
Global Digital Instruments LLC Com 99582166 11 15,703 SH   SOLE 0 0 0 15,703
Arcos Dorados Holdings, Inc Com G0457F107 157 13,445 SH   SOLE 0 0 0 13,445
Accenture PLC Com G1151C101 1,318 18,311 SH   SOLE 0 0 0 18,311
Delphi Automotive PLC Com G27823106 460 9,073 SH   SOLE 0 0 0 9,073
Eaton Corp PLC Com G29183103 291 4,422 SH   SOLE 0 0 0 4,422
Icon PLC Com G4705A100 226 6,366 SH   SOLE 0 0 0 6,366
Invesco Ltd Com G491BT108 557 17,514 SH   SOLE 0 0 0 17,514
Jazz Pharmaceuticals PLC Com G50871105 278 4,040 SH   SOLE 0 0 0 4,040
Validus Holdings Ltd Com Shs Com G9319H102 508 14,071 SH   SOLE 0 0 0 14,071
Willis Group Holdings PLC Com G96666105 230 5,646 SH   SOLE 0 0 0 5,646
Ace Ltd Com H0023R105 992 11,090 SH   SOLE 0 0 0 11,090
Tyco Intl Ltd Com H89128104 432 13,116 SH   SOLE 0 0 0 13,116
UBS AG Shs Com H89231338 278 16,429 SH   SOLE 0 0 0 16,429
CaeserStone Sdot-Yam Ltd Com M20598104 344 12,650 SH   SOLE 0 0 0 12,650
Orbotech Ltd Ord Com M75253100 177 14,199 SH   SOLE 0 0 0 14,199
ASML Holding NV ADR Com N07059210 263 3,319 SH   SOLE 0 0 0 3,319
NXP Semiconductors NV Com N6596X109 348 11,220 SH   SOLE 0 0 0 11,220
SILCHESTER INTL INV Com SILCHES99 4,572 51,544 SH   SOLE 0 51,544 0 0
Flextronics Intl Ltd Com Y2573F102 318 41,143 SH   SOLE 0 0 0 41,143