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
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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 2,453 94,529 SH   SOLE   94,529 0 0
Accenture PLC SHS CL A G1151C101 4,644 58,254 SH   SOLE   58,254 0 0
Advance Auto Parts Inc. COM 00751Y106 8,169 64,580 SH   SOLE   64,580 0 0
Advanced Semiconductor Engr SPONSORED ADR 00756M404 1,314 236,768 SH   SOLE   236,768 0 0
Aetna Inc. COM 00817Y108 10,584 141,174 SH   SOLE   141,174 0 0
Alaska Air Group Inc. COM 011659109 12,458 133,508 SH   SOLE   133,508 0 0
Alliant Techsystems inc COM 018804104 7,396 52,032 SH   SOLE   52,032 0 0
Amdocs Ltd. ORD G02602103 3,649 78,550 SH   SOLE   78,550 0 0
American Airlines Group Inc. COM 02376R102 19,386 529,660 SH   SOLE   529,660 0 0
American Financial Group Inc. COM 025932104 6,992 121,162 SH   SOLE   121,162 0 0
American International Group COM NEW 026874784 12,828 256,504 SH   SOLE   256,504 0 0
AmerisourceBergen Corp. COM 03073E105 10,808 164,774 SH   SOLE   164,774 0 0
Apollo Education Group Inc. CL A 037604105 12,825 374,556 SH   SOLE   374,556 0 0
Apple Inc. COM 037833100 10,348 19,280 SH   SOLE   19,280 0 0
Arrow Electronics Inc. COM 042735100 10,347 174,306 SH   SOLE   174,306 0 0
Asbury Automotive Group Inc. COM 043436104 8,638 156,181 SH   SOLE   156,181 0 0
Assurant Inc. COM 04621X108 13,478 207,475 SH   SOLE   207,475 0 0
AutoNation Inc. COM 05329W102 5,890 110,661 SH   SOLE   110,661 0 0
AutoZone Inc. COM 053332102 7,592 14,136 SH   SOLE   14,136 0 0
AVG Technologies NV SHS N07831105 6,823 325,510 SH   SOLE   325,510 0 0
Avnet Inc. COM 053807103 9,488 203,907 SH   SOLE   203,907 0 0
Axiall Corporation COM 05463D100 3,864 86,026 SH   SOLE   86,026 0 0
Benchmark Electronics Inc. COM 08160H101 4,651 205,351 SH   SOLE   205,351 0 0
Boeing Co. COM 097023105 5,880 46,854 SH   SOLE   46,854 0 0
Boise Cascade Co. COM 09739D100 1,285 44,856 SH   SOLE   44,856 0 0
Braskem S/A SP ADR PFD A 105532105 192 12,267 SH   SOLE   12,267 0 0
CA Inc. COM 12673P105 6,721 216,935 SH   SOLE   216,935 0 0
Cabot Corp. COM 127055101 5,889 99,706 SH   SOLE   99,706 0 0
Capella Education Co. COM 139594105 4,434 70,219 SH   SOLE   70,219 0 0
Capital One Financial Corp. COM 14040H105 12,086 156,632 SH   SOLE   156,632 0 0
Cardinal Health Inc. COM 14149Y108 13,141 187,778 SH   SOLE   187,778 0 0
CarMax Inc. COM 143130102 6,309 134,808 SH   SOLE   134,808 0 0
Celestica Inc SUB VTG SHS 15101Q108 1,581 144,349 SH   SOLE   144,349 0 0
Centene Corp. COM 15135B101 1,601 25,712 SH   SOLE   25,712 0 0
Check Point Software Tech ORD M22465104 7,575 112,010 SH   SOLE   112,010 0 0
China Mobile Ltd. SPONSORED ADR 16941M109 2,424 53,171 SH   SOLE   53,171 0 0
China Petroleum & Chemical SPONSORED ADR 16941R108 609 6,799 SH   SOLE   6,799 0 0
Chipmos Tech Bermuda SHS G2110R114 883 40,030 SH   SOLE   40,030 0 0
Cigna Corporation COM 125509109 5,271 62,950 SH   SOLE   62,950 0 0
Cirrus Logic Inc. COM 172755100 942 47,400 SH   SOLE   47,400 0 0
CNOOC Ltd. SPONSORED ADR 126132109 212 1,398 SH   SOLE   1,398 0 0
Cognizant Technology Solutions CL A 192446102 3,939 77,841 SH   SOLE   77,841 0 0
Companhia Brasileira de Distri SPON ADR PFD CL A 20440T201 248 5,668 SH   SOLE   5,668 0 0
Companhia de Saneamento Basico SPONSORED ADR 20441A102 330 35,690 SH   SOLE   35,690 0 0
Companhia Energetica de Minas SP ADR N-V PFD 204409601 1,394 205,021 SH   SOLE   205,021 0 0
Companhia Paranaense de Energi SPON ADR PFD 20441B407 1,418 108,142 SH   SOLE   108,142 0 0
Computer Sciences Corp. COM 205363104 6,114 100,522 SH   SOLE   100,522 0 0
Convergys Corp. COM 212485106 2,957 134,955 SH   SOLE   134,955 0 0
Copa Holdings S.A. CL A P31076105 9,148 63,005 SH   SOLE   63,005 0 0
CoreLogic, Inc. COM 21871D103 6,031 200,763 SH   SOLE   200,763 0 0
CurrencyShares Japanese Yen Tr JAPANESE YEN 23130A102 20,794 219,975 SH   SOLE   219,975 0 0
CVS Caremark Corp. COM 126650100 24,035 321,068 SH   SOLE   321,068 0 0
Dana Holding Corp. COM 235825205 1,571 67,501 SH   SOLE   67,501 0 0
DaVita HealthCare Partners Inc COM 23918K108 1,512 21,965 SH   SOLE   21,965 0 0
Delta Air Lines Inc. COM NEW 247361702 15,688 452,770 SH   SOLE   452,770 0 0
DeVry Education Group Inc COM 251893103 9,785 230,825 SH   SOLE   230,825 0 0
DIRECTV COM 25490A309 1,558 20,390 SH   SOLE   20,390 0 0
Discover Financial Services COM 254709108 12,421 213,463 SH   SOLE   213,463 0 0
Dr. Reddy's Laboratories Ltd. ADR 256135203 412 9,378 SH   SOLE   9,378 0 0
DST Systems Inc. COM 233326107 5,279 55,687 SH   SOLE   55,687 0 0
EMC Corp. COM 268648102 7,102 259,105 SH   SOLE   259,105 0 0
Everest Re Group Ltd. COM G3223R108 2,728 17,825 SH   SOLE   17,825 0 0
Exelis Inc. COM 30162A108 4,598 241,898 SH   SOLE   241,898 0 0
Express Scripts Holding Co. COM 30219G108 3,097 41,242 SH   SOLE   41,242 0 0
Fibria Celulose S.A. SP ADR REP COM 31573A109 281 25,433 SH   SOLE   25,433 0 0
Fifth Third Bancorp COM 316773100 3,025 131,797 SH   SOLE   131,797 0 0
First Solar Inc. COM 336433107 1,753 25,124 SH   SOLE   25,124 0 0
Fiserv Inc. COM 337738108 5,417 95,554 SH   SOLE   95,554 0 0
Flextronics International Ltd. ORD Y2573F102 5,321 575,829 SH   SOLE   575,829 0 0
Ford Motor Company COM PAR $0.01 345370860 2,016 129,252 SH   SOLE   129,252 0 0
Gartner Inc. COM 366651107 3,503 50,442 SH   SOLE   50,442 0 0
General Motors Co. COM 37045V100 2,117 61,500 SH   SOLE   61,500 0 0
Genworth Financial Inc. COM CL A 37247D106 18,174 1,025,055 SH   SOLE   1,025,055 0 0
Global Payments Inc. COM 37940X102 3,759 52,867 SH   SOLE   52,867 0 0
Group 1 Automotive Inc. COM 398905109 3,979 60,601 SH   SOLE   60,601 0 0
Hartford Financial Services COM 416515104 10,454 296,403 SH   SOLE   296,403 0 0
Hawaiian Holdings Inc. COM 419879101 7,213 516,680 SH   SOLE   516,680 0 0
Health Net Inc. COM 42222G108 1,691 49,730 SH   SOLE   49,730 0 0
Helen of Troy Corp. COM G4388N106 2,072 29,925 SH   SOLE   29,925 0 0
Henry Schein Inc. COM 806407102 13,127 109,966 SH   SOLE   109,966 0 0
Hewlett-Packard Co. COM 428236103 9,782 302,286 SH   SOLE   302,286 0 0
Humana Inc. COM 444859102 9,597 85,142 SH   SOLE   85,142 0 0
Ingram Micro Inc. CL A 457153104 6,323 213,892 SH   SOLE   213,892 0 0
Insight Enterprises COM 45765U103 3,997 159,181 SH   SOLE   159,181 0 0
Intel Corp. COM 458140100 2,557 99,062 SH   SOLE   99,062 0 0
International Business Machine COM 459200101 7,327 38,064 SH   SOLE   38,064 0 0
International Paper Co. COM 460146103 2,716 59,205 SH   SOLE   59,205 0 0
Interpublic Group Of Cos. COM 460690100 3,602 210,139 SH   SOLE   210,139 0 0
iShares Latin America 40 ETF S&P LTN AM 40 464287390 1,397 38,211 SH   SOLE   38,211 0 0
iShares 3-7 Year Treasury Bond BARCLYS 3-7 YR 464288661 4,308 35,692 SH   SOLE   35,692 0 0
iShares Barclays CMBS Bond BARCLYS CMBS 46429B366 1,723 33,699 SH   SOLE   33,699 0 0
iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 1,186 24,161 SH   SOLE   24,161 0 0
iShares Floating Rate Bond ETF FLTG RATE BD ETF 46429B655 999 19,700 SH   SOLE   19,700 0 0
iShares iBoxx $ Investment Gra IBOXX INV CPBD 464287242 13,853 118,464 SH   SOLE   118,464 0 0
iShares Intermediate Credit Bo BARCLYS INTER CR 464288638 4,979 45,650 SH   SOLE   45,650 0 0
iShares International Treasury INTL TREA BD ETF 464288117 5,093 49,471 SH   SOLE   49,471 0 0
iShares MBS ETF MBS ETF 464288588 40,710 383,582 SH   SOLE   383,582 0 0
iShares MSCI All Country Asia MSCI ACJPN IDX 464288182 6,564 111,081 SH   SOLE   111,081 0 0
iShares MSCI South Africa ETF MSCI STH AFRICA 464286780 896 13,540 SH   SOLE   13,540 0 0
ITT Educational Services Inc. COM 45068B109 3,646 127,122 SH   SOLE   127,122 0 0
Jabil Circuit Inc. COM 466313103 6,284 349,138 SH   SOLE   349,138 0 0
Jack Henry & Associates Inc. COM 426281101 4,049 72,614 SH   SOLE   72,614 0 0
JetBlue Airways Corp. COM 477143101 8,522 980,718 SH   SOLE   980,718 0 0
Kemper Corporation COM 488401100 1,112 28,392 SH   SOLE   28,392 0 0
L-3 Communications Holdings COM 502424104 7,176 60,737 SH   SOLE   60,737 0 0
Laboratory Corp. of America COM NEW 50540R409 2,258 22,987 SH   SOLE   22,987 0 0
Lear Corp. COM NEW 521865204 2,335 27,894 SH   SOLE   27,894 0 0
Lexmark International Inc. CL A 529771107 11,466 247,701 SH   SOLE   247,701 0 0
Lithia Motors Inc. CL A 536797103 9,251 139,196 SH   SOLE   139,196 0 0
Lockheed Martin Corp. COM 539830109 7,183 44,000 SH   SOLE   44,000 0 0
Louisiana-Pacific Corp. COM 546347105 1,422 84,264 SH   SOLE   84,264 0 0
LyondellBasell Industries N.V. SH - A - N53745100 9,546 107,327 SH   SOLE   107,327 0 0
Magellan Health Services Inc. COM NEW 559079207 5,888 99,207 SH   SOLE   99,207 0 0
Magna International Inc. COM 559222401 3,170 32,914 SH   SOLE   32,914 0 0
MagnaChip Semiconductor Corp. COM 55933J203 606 43,483 SH   SOLE   43,483 0 0
Market Vectors Russia ETF Tr RUSSIA ETF 57060U506 487 20,288 SH   SOLE   20,288 0 0
MasterCard Inc. CL A 57636Q104 7,705 103,141 SH   SOLE   103,141 0 0
McKesson Corp. COM 58155Q103 19,651 111,293 SH   SOLE   111,293 0 0
Mednax Inc. COM 58502B106 1,978 31,921 SH   SOLE   31,921 0 0
Methanex Corporation COM 59151K108 5,540 86,641 SH   SOLE   86,641 0 0
Micros Systems Inc. COM 594901100 5,002 94,507 SH   SOLE   94,507 0 0
Microsoft Corp. COM 594918104 10,097 246,317 SH   SOLE   246,317 0 0
Mobile TeleSystems SPONSORED ADR 607409109 339 19,418 SH   SOLE   19,418 0 0
Moog Inc. CL A 615394202 2,327 35,516 SH   SOLE   35,516 0 0
New Oriental Education & Tech SPON ADR 647581107 4,961 169,042 SH   SOLE   169,042 0 0
Northrop Grumman Corp. COM 666807102 7,175 58,153 SH   SOLE   58,153 0 0
NTT DOCOMO Inc. SPONS ADR 62942M201 3,048 193,307 SH   SOLE   193,307 0 0
NVIDIA Corp. COM 67066G104 2,159 120,560 SH   SOLE   120,560 0 0
O'Reilly Automotive Inc. COM 67103H107 12,155 81,911 SH   SOLE   81,911 0 0
Omnicom Group Inc. COM 681919106 3,514 48,404 SH   SOLE   48,404 0 0
Oracle Corp. COM 68389X105 9,395 229,659 SH   SOLE   229,659 0 0
Owens & Minor Inc COM 690732102 1,006 28,726 SH   SOLE   28,726 0 0
PartnerRe Ltd. COM G6852T105 2,529 24,439 SH   SOLE   24,439 0 0
Patterson Cos Inc COM 703395103 3,405 81,536 SH   SOLE   81,536 0 0
Penske Automotive Grp Inc COM 70959W103 6,212 145,271 SH   SOLE   145,271 0 0
Pharmerica Corp COM 71714f104 4,237 151,416 SH   SOLE   151,416 0 0
PIMCO 0-5 Year High Yield Corp 0-5 HIGH YIELD 72201R783 2,268 21,273 SH   SOLE   21,273 0 0
Plexus Corp. COM 729132100 1,363 34,019 SH   SOLE   34,019 0 0
Popular Inc. COM NEW 733174700 1,141 36,810 SH   SOLE   36,810 0 0
Portfolio Recovery Associates COM 73640Q105 4,063 70,220 SH   SOLE   70,220 0 0
PowerShares Build America Bond BUILD AMER ETF 73937B407 10,197 354,922 SH   SOLE   354,922 0 0
PowerShares International Corp INTL CORP BOND 73936Q835 2,095 69,868 SH   SOLE   69,868 0 0
PowerShares Senior Loan Portfo SENIOR LN PORT 73936Q769 6,786 273,520 SH   SOLE   273,520 0 0
ProShares Short Russell2000 PSHS SHTRUSS2000 74347R826 5,910 357,776 SH   SOLE   357,776 0 0
ProShares Trust Short Dow30 Pr PSHS SHORT DOW30 74347R701 6,626 254,717 SH   SOLE   254,717 0 0
QLogic Corp. COM 747277101 3,786 296,958 SH   SOLE   296,958 0 0
Quest Diagnostics Inc. COM 74834L100 2,258 38,985 SH   SOLE   38,985 0 0
Raytheon Co. COM NEW 755111507 6,303 63,807 SH   SOLE   63,807 0 0
Resolute Forest Products Inc COM 76117W109 829 41,242 SH   SOLE   41,242 0 0
SanDisk Corp. COM 80004C101 11,797 145,301 SH   SOLE   145,301 0 0
Sanmina Corp. COM 801056102 4,891 280,315 SH   SOLE   280,315 0 0
Sapient Corp. COM 803062108 4,336 254,179 SH   SOLE   254,179 0 0
Sasol Ltd. SPONSORED ADR 803866300 377 6,737 SH   SOLE   6,737 0 0
Seagate Technology Inc. SHS G7945M107 8,018 142,764 SH   SOLE   142,764 0 0
SK Telecom Co. Ltd. SPONSORED ADR 78440P108 221 9,767 SH   SOLE   9,767 0 0
Skyworks Solutions Inc COM 83088M102 1,561 41,612 SH   SOLE   41,612 0 0
SLM Corp. COM 78442P106 9,534 389,456 SH   SOLE   389,456 0 0
Southwest Airlines Co. COM 844741108 12,714 538,518 SH   SOLE   538,518 0 0
SPDR Barclays International Co BARCLY INTL CRP 78464A151 2,159 57,864 SH   SOLE   57,864 0 0
SPDR Barclays International Tr BRCLYS INTL ETF 78464A516 40,997 690,423 SH   SOLE   690,423 0 0
SPDR Barclays Short Term High SHT TRM HGH YLD 78468R408 853 27,533 SH   SOLE   27,533 0 0
SPDR Barclays Short Term Inter SHT INTL ETF 78464A334 6,185 171,706 SH   SOLE   171,706 0 0
SPDR S&P Emerging Europe ETF EUROPE ETF 78463X608 387 10,549 SH   SOLE   10,549 0 0
Strayer Education Inc. COM 863236105 3,619 77,941 SH   SOLE   77,941 0 0
SYNNEX Corp. COM 87162W100 6,700 110,538 SH   SOLE   110,538 0 0
T-Mobile US Inc COM 872590104 1,518 45,950 SH   SOLE   45,950 0 0
Tata Motors Ltd. SPONSORED ADR 876568502 2,013 56,855 SH   SOLE   56,855 0 0
TE Connectivity Ltd. REG SHS H84989104 9,169 152,282 SH   SOLE   152,282 0 0
Tech Data Corp. COM 878237106 1,565 25,678 SH   SOLE   25,678 0 0
Thor Industries Inc. COM 885160101 922 15,102 SH   SOLE   15,102 0 0
TIM Participacoes S/A SPONSORED ADR 88706P205 313 12,073 SH   SOLE   12,073 0 0
Total System Services Inc. COM 891906109 2,882 94,784 SH   SOLE   94,784 0 0
Triumph Group Inc. COM 896818101 3,156 48,877 SH   SOLE   48,877 0 0
TRW Automotive Holdings Corp. COM 87264S106 3,439 42,139 SH   SOLE   42,139 0 0
Turkcell Iletisim Hizmetleri SPON ADR NEW 900111204 153 11,161 SH   SOLE   11,161 0 0
Union Pacific Corp. COM 907818108 2,280 12,147 SH   SOLE   12,147 0 0
UnitedHealth Group Inc. COM 91324P102 14,169 172,815 SH   SOLE   172,815 0 0
Unum Group COM 91529Y106 2,044 57,886 SH   SOLE   57,886 0 0
Vanguard FTSE Europe ETF FTSE EUROPE ETF 922042874 215 3,639 SH   SOLE   3,639 0 0
Vanguard Mortgage-Backed Sec MORTG-BACK SEC 92206C771 4,121 79,679 SH   SOLE   79,679 0 0
Visa Inc. COM CL A 92826C839 8,333 38,604 SH   SOLE   38,604 0 0
Visteon Corp COM NEW 92839U206 1,731 19,572 SH   SOLE   19,572 0 0
Walgreen Co. COM 931422109 26,751 405,130 SH   SOLE   405,130 0 0
Wellcare Health Plans Inc. COM 94946T106 5,179 81,528 SH   SOLE   81,528 0 0
WellPoint Inc. COM 94973V107 16,146 162,186 SH   SOLE   162,186 0 0
Western Digital Corp. COM 958102105 11,457 124,773 SH   SOLE   124,773 0 0
Western Union Co. COM 959802109 2,652 162,119 SH   SOLE   162,119 0 0
Westlake Chemical Corp. COM 960413102 7,896 119,318 SH   SOLE   119,318 0 0
Whirlpool Corp. COM 963320106 3,000 20,073 SH   SOLE   20,073 0 0
WPP PLC ADR 92937A102 2,908 28,208 SH   SOLE   28,208 0 0
Xerox Corp. COM 984121103 2,117 187,348 SH   SOLE   187,348 0 0