AAR Corp. COM 000361105 2603 94459 SH SOLE 94459 0 0 Accenture PLC SHS CL A G1151C101 4694 58060 SH SOLE 58060 0 0 Advance Auto Parts Inc. COM 00751Y106 8703 64502 SH SOLE 64502 0 0 Advanced Semiconductor Engr SPONSORED ADR 00756M404 1711 263288 SH SOLE 263288 0 0 Aetna Inc. COM 00817Y108 11456 141297 SH SOLE 141297 0 0 Alaska Air Group Inc. COM 011659109 12722 133847 SH SOLE 133847 0 0 Alliant Techsystems inc COM 018804104 4922 36751 SH SOLE 36751 0 0 Amdocs Ltd. ORD G02602103 3625 78242 SH SOLE 78242 0 0 American Airlines Group Inc. COM 02376R102 15451 359669 SH SOLE 359669 0 0 American Financial Group Inc. COM 025932104 7210 121054 SH SOLE 121054 0 0 American International Group COM NEW 026874784 14037 257180 SH SOLE 257180 0 0 American States Water Co. COM 029899101 2079 62557 SH SOLE 62557 0 0 American Water Works Co. COM 030420103 8049 162769 SH SOLE 162769 0 0 AmerisourceBergen Corp. COM 03073E105 11964 164657 SH SOLE 164657 0 0 Apple Inc. COM 037833100 12523 134753 SH SOLE 134753 0 0 Aqua America Inc. COM 03836W103 4015 153113 SH SOLE 153113 0 0 Arrow Electronics Inc. COM 042735100 10555 174722 SH SOLE 174722 0 0 Asbury Automotive Group Inc. COM 043436104 10728 156065 SH SOLE 156065 0 0 Assurant Inc. COM 04621X108 13617 207729 SH SOLE 207729 0 0 AutoNation Inc. COM 05329W102 6600 110587 SH SOLE 110587 0 0 AutoZone Inc. COM 053332102 7581 14137 SH SOLE 14137 0 0 Avnet Inc. COM 053807103 9056 204367 SH SOLE 204367 0 0 Axiall Corporation COM 05463D100 4062 85935 SH SOLE 85935 0 0 Benchmark Electronics Inc. COM 08160H101 5252 206134 SH SOLE 206134 0 0 Boeing Co. COM 097023105 5956 46815 SH SOLE 46815 0 0 Boise Cascade Co. COM 09739D100 1304 45516 SH SOLE 45516 0 0 BP PLC SPONSORED ADR 055622104 3912 74168 SH SOLE 74168 0 0 Braskem S/A SP ADR PFD A 105532105 158 12267 SH SOLE 12267 0 0 Cabot Corp. COM 127055101 8184 141130 SH SOLE 141130 0 0 California Water Service Group COM 130788102 2083 86060 SH SOLE 86060 0 0 Canadian Natural Resources Ltd COM 136385101 2522 54942 SH SOLE 54942 0 0 Capital One Financial Corp. COM 14040H105 12929 156526 SH SOLE 156526 0 0 CarMax Inc. COM 143130102 7006 134714 SH SOLE 134714 0 0 Celestica Inc SUB VTG SHS 15101Q108 1840 146496 SH SOLE 146496 0 0 Centene Corp. COM 15135B101 1949 25781 SH SOLE 25781 0 0 Chevron Corp. COM 166764100 3884 29752 SH SOLE 29752 0 0 China Mobile Ltd. SPONSORED ADR 16941M109 339 6977 SH SOLE 6977 0 0 China Petroleum & Chemical SPONSORED ADR 16941R108 6618 69642 SH SOLE 69642 0 0 Chipmos Tech Bermuda SHS G2110R114 2531 104899 SH SOLE 104899 0 0 Cigna Corporation COM 125509109 5786 62907 SH SOLE 62907 0 0 Cirrus Logic Inc. COM 172755100 3027 133118 SH SOLE 133118 0 0 CNOOC Ltd. SPONSORED ADR 126132109 251 1398 SH SOLE 1398 0 0 Cognizant Technology Solutions CL A 192446102 3790 77487 SH SOLE 77487 0 0 Companhia Brasileira de Distri SPON ADR PFD CL A 20440T201 263 5668 SH SOLE 5668 0 0 Companhia de Saneamento Basico SPONSORED ADR 20441A102 7811 728623 SH SOLE 728623 0 0 Companhia Energetica de Minas SP ADR N-V PFD 204409601 1663 208074 SH SOLE 208074 0 0 Companhia Paranaense de Energi SPON ADR PFD 20441B407 1680 109753 SH SOLE 109753 0 0 Computer Sciences Corp. COM 205363104 6349 100464 SH SOLE 100464 0 0 ConocoPhillips COM 20825C104 2366 27601 SH SOLE 27601 0 0 Convergys Corp. COM 212485106 2892 134866 SH SOLE 134866 0 0 Copa Holdings S.A. CL A P31076105 8995 63093 SH SOLE 63093 0 0 CurrencyShares Japanese Yen Tr JAPANESE YEN 23130A102 15076 156634 SH SOLE 156634 0 0 CVR Energy Inc. COM 12662P108 3658 75898 SH SOLE 75898 0 0 CVS Caremark Corp. COM 126650100 20065 266218 SH SOLE 266218 0 0 Delta Air Lines Inc. COM NEW 247361702 17579 454003 SH SOLE 454003 0 0 Discover Financial Services COM 254709108 13186 212738 SH SOLE 212738 0 0 Dr. Reddy's Laboratories Ltd. ADR 256135203 405 9378 SH SOLE 9378 0 0 DST Systems Inc. COM 233326107 5129 55650 SH SOLE 55650 0 0 EMC Corp. COM 268648102 6801 258206 SH SOLE 258206 0 0 Energy XXI Bermuda Ltd USD UNRS SHS G10082140 1476 62464 SH SOLE 62464 0 0 Enersis S.A. SPONSORED ADR 29274F104 1533 90990 SH SOLE 90990 0 0 Everest Re Group Ltd. COM G3223R108 2864 17844 SH SOLE 17844 0 0 Exelis Inc. COM 30162A108 4104 241698 SH SOLE 241698 0 0 Fibria Celulose S.A. SP ADR REP COM 31573A109 247 25433 SH SOLE 25433 0 0 First Solar Inc. COM 336433107 5759 81040 SH SOLE 81040 0 0 Fiserv Inc. COM 337738108 5760 95491 SH SOLE 95491 0 0 Flextronics International Ltd. ORD Y2573F102 6370 575394 SH SOLE 575394 0 0 Ford Motor Company COM PAR $0.01 345370860 2260 131119 SH SOLE 131119 0 0 Genworth Financial Inc. COM CL A 37247D106 17869 1026940 SH SOLE 1026940 0 0 Global Payments Inc. COM 37940X102 3849 52836 SH SOLE 52836 0 0 Gran Tierra Energy Inc. COM 38500T101 1333 164124 SH SOLE 164124 0 0 Green Plains Inc. COM 393222104 3577 108834 SH SOLE 108834 0 0 Group 1 Automotive Inc. COM 398905109 5104 60544 SH SOLE 60544 0 0 Grupo Financiero Santander SPON ADR SHS B 40053C105 1928 145154 SH SOLE 145154 0 0 Hartford Financial Services COM 416515104 10606 296181 SH SOLE 296181 0 0 Hawaiian Holdings Inc. COM 419879101 7077 516222 SH SOLE 516222 0 0 Health Net Inc. COM 42222G108 2096 50459 SH SOLE 50459 0 0 Helen of Troy Corp. COM G4388N106 1841 30358 SH SOLE 30358 0 0 Hess Corp. COM 42809H107 5960 60273 SH SOLE 60273 0 0 Hewlett-Packard Co. COM 428236103 10203 302948 SH SOLE 302948 0 0 HollyFrontier Corp. COM 436106108 3204 73327 SH SOLE 73327 0 0 Humana Inc. COM 444859102 10872 85122 SH SOLE 85122 0 0 Ingram Micro Inc. CL A 457153104 6253 214075 SH SOLE 214075 0 0 Insight Enterprises COM 45765U103 4890 159082 SH SOLE 159082 0 0 Integrated Device Technology COM 458118106 4009 259342 SH SOLE 259342 0 0 Integrated Silicon Solution COM 45812P107 844 57173 SH SOLE 57173 0 0 Intel Corp. COM 458140100 7001 226556 SH SOLE 226556 0 0 International Business Machine COM 459200101 6875 37927 SH SOLE 37927 0 0 International Paper Co. COM 460146103 3031 60060 SH SOLE 60060 0 0 Interpublic Group Of Cos. COM 460690100 3064 157036 SH SOLE 157036 0 0 iShares Latin America 40 ETF S&P LTN AM 40 464287390 1436 37546 SH SOLE 37546 0 0 iShares 3-7 Year Treasury Bond BARCLYS 3-7 YR 464288661 4175 34276 SH SOLE 34276 0 0 iShares Barclays CMBS Bond BARCLYS CMBS 46429B366 1743 33699 SH SOLE 33699 0 0 iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 1377 26632 SH SOLE 26632 0 0 iShares Floating Rate Bond ETF FLTG RATE BD ETF 46429B655 19666 387120 SH SOLE 387120 0 0 iShares iBoxx $ Investment Gra IBOXX INV CPBD 464287242 23956 200871 SH SOLE 200871 0 0 iShares Intermediate Credit Bo BARCLYS INTER CR 464288638 4932 44763 SH SOLE 44763 0 0 iShares International Treasury INTL TREABO ETF 464288117 5188 49291 SH SOLE 49291 0 0 iShares MBS ETF MBS ETF 464288588 41322 381836 SH SOLE 381836 0 0 iShares MSCI All Country Asia MSCI ACJPN IDX 464288182 6756 107780 SH SOLE 107780 0 0 iShares MSCI South Africa ETF MSCI STH AFRICA 464286780 914 13301 SH SOLE 13301 0 0 Jabil Circuit Inc. COM 466313103 7314 349950 SH SOLE 349950 0 0 JetBlue Airways Corp. COM 477143101 10688 985098 SH SOLE 985098 0 0 Kemper Corporation COM 488401100 1062 28815 SH SOLE 28815 0 0 L-3 Communications Holdings Inc COM 502424104 4822 39930 SH SOLE 39930 0 0 Lear Corp. COM NEW 521865204 2527 28290 SH SOLE 28290 0 0 Lexmark International Inc. CL A 529771107 11947 248077 SH SOLE 248077 0 0 Lithia Motors Inc. CL A 536797103 13082 139064 SH SOLE 139064 0 0 Lockheed Martin Corp. COM 539830109 7068 43975 SH SOLE 43975 0 0 LyondellBasell Industries N.V. SHS - A - N53745100 10442 106934 SH SOLE 106934 0 0 Magellan Health Inc. COM NEW 559079207 6195 99530 SH SOLE 99530 0 0 Magna International Inc. COM 559222401 3562 33057 SH SOLE 33057 0 0 MagnaChip Semiconductor Corp. COM 55933J203 1837 130317 SH SOLE 130317 0 0 Marathon Oil Corp. COM 565849106 2418 60562 SH SOLE 60562 0 0 Marathon Petroleum Corp. COM 56585A102 5797 74254 SH SOLE 74254 0 0 Market Vectors Russia ETF Tr RUSSIA ETF 57060U506 510 19386 SH SOLE 19386 0 0 Marvell Technology Group Ltd. ORD G5876H105 5813 405664 SH SOLE 405664 0 0 MasterCard Inc. CL A 57636Q104 7539 102620 SH SOLE 102620 0 0 Methanex Corporation COM 59151K108 7813 126459 SH SOLE 126459 0 0 Micron Technology Inc. COM 595112103 3949 119858 SH SOLE 119858 0 0 Microsoft Corp. COM 594918104 10225 245213 SH SOLE 245213 0 0 Mobile TeleSystems SPONSORED ADR 607409109 361 18304 SH SOLE 18304 0 0 Moog Inc. CL A 615394202 2586 35476 SH SOLE 35476 0 0 Murphy Oil Corp COM 626717102 2361 35514 SH SOLE 35514 0 0 Navient Corp COM 63938C108 6892 389174 SH SOLE 389174 0 0 NCR Corp. COM 62886E108 2896 82542 SH SOLE 82542 0 0 New Oriental Education & Tech SPON ADR 647581107 4476 168477 SH SOLE 168477 0 0 Northrop Grumman Corp. COM 666807102 6949 58085 SH SOLE 58085 0 0 NVIDIA Corp. COM 67066G104 6154 331955 SH SOLE 331955 0 0 O'Reilly Automotive Inc. COM 67103H107 7760 51526 SH SOLE 51526 0 0 Omnicom Group Inc. COM 681919106 3497 49104 SH SOLE 49104 0 0 PartnerRe Ltd. COM G6852T105 2708 24792 SH SOLE 24792 0 0 PBF Energy, Inc. CL A 69318G106 2701 101368 SH SOLE 101368 0 0 Penske Automotive Grp Inc COM 70959W103 7185 145148 SH SOLE 145148 0 0 Petrobras Petroleo Brasileiro SPONSORED ADR 71654V408 3877 264988 SH SOLE 264988 0 0 PetroChina Co. Ltd. SPONSORED ADR 71646E100 3956 31507 SH SOLE 31507 0 0 Pharmerica Corp COM 71714f104 4326 151303 SH SOLE 151303 0 0 Phillips 66 COM 718546104 6582 81833 SH SOLE 81833 0 0 PIMCO 0-5 Year High Yield Corp 0-5 HIGH YIELD 72201R783 6888 64449 SH SOLE 64449 0 0 Plexus Corp. COM 729132100 1495 34525 SH SOLE 34525 0 0 Portfolio Recovery Associates COM 73640Q105 4177 70169 SH SOLE 70169 0 0 PowerShares Build America Bond BUILD AMER ETF 73937B407 10361 353390 SH SOLE 353390 0 0 PowerShares International Corp INTL CORP BOND 73936Q835 2143 69868 SH SOLE 69868 0 0 ProShares Short Russell2000 PSHS SHTRUSS2000 74347R826 5629 351164 SH SOLE 351164 0 0 ProShares Trust Short Dow30 Pr PSHS SHORT DOW30 74347R701 6399 253735 SH SOLE 253735 0 0 QLogic Corp. COM 747277101 2994 296762 SH SOLE 296762 0 0 Raytheon Co. COM NEW 755111507 5867 63594 SH SOLE 63594 0 0 Resolute Forest Products Inc COM 76117W109 702 41838 SH SOLE 41838 0 0 REX American Resources Corp COM 761624105 2509 34230 SH SOLE 34230 0 0 SanDisk Corp. COM 80004C101 14221 136181 SH SOLE 136181 0 0 Sanmina Corp. COM 801056102 6410 281389 SH SOLE 281389 0 0 Sapient Corp. COM 803062108 4126 253970 SH SOLE 253970 0 0 Sasol Ltd. SPONSORED ADR 803866300 4319 73047 SH SOLE 73047 0 0 Seagate Technology Inc. SHS G7945M107 8106 142669 SH SOLE 142669 0 0 Silicon Image, Inc. COM 82705T102 820 162721 SH SOLE 162721 0 0 Silicon Motion Technology Corp SPONSORED ADR 82706c108 1686 82534 SH SOLE 82534 0 0 SK Telecom Co. Ltd. SPONSORED ADR 78440P108 253 9767 SH SOLE 9767 0 0 Skyworks Solutions Inc COM 83088M102 1982 42203 SH SOLE 42203 0 0 SLM Corp. COM 78442P106 3234 389174 SH SOLE 389174 0 0 Southwest Airlines Co. COM 844741108 11858 441490 SH SOLE 441490 0 0 SPDR Barclays International Co BARCLY INTL CRP 78464A151 2190 57864 SH SOLE 57864 0 0 SPDR Barclays International Tr BARCLY INTL ETF 78464A516 41631 684614 SH SOLE 684614 0 0 SPDR Barclays Short Term Inter SHT TRM HGH YLD 78464A334 6260 171557 SH SOLE 171557 0 0 SPDR S&P Emerging Europe ETF EUROPE ETF 78463X608 411 10363 SH SOLE 10363 0 0 Statoil ASA SPONSORED ADR 85771P102 3902 126564 SH SOLE 126564 0 0 Suncor Energy Inc. COM 867224107 3973 93190 SH SOLE 93190 0 0 SYNNEX Corp. COM 87162W100 8075 110851 SH SOLE 110851 0 0 Taiwan Semiconductor Mfg SPONSORED ADR 874039100 4155 194229 SH SOLE 194229 0 0 Tata Motors Ltd. SPONSORED ADR 876568502 2242 57415 SH SOLE 57415 0 0 TE Connectivity Ltd. REG SHS H84989104 9410 152168 SH SOLE 152168 0 0 Tech Data Corp. COM 878237106 1629 26049 SH SOLE 26049 0 0 Ternium S.A. SPON ADR 880890108 1873 67051 SH SOLE 67051 0 0 Thor Industries Inc. COM 885160101 871 15320 SH SOLE 15320 0 0 TIM Participacoes S/A SPONSORED ADR 88706P205 350 12073 SH SOLE 12073 0 0 Total S.A. SPONSORED ADR 89151E109 3893 53913 SH SOLE 53913 0 0 Triumph Group Inc. COM 896818101 3409 48830 SH SOLE 48830 0 0 TRW Automotive Holdings Corp. COM 87264S106 3827 42748 SH SOLE 42748 0 0 Turkcell Iletisim Hizmetleri SPON ADR NEW 900111204 163 10419 SH SOLE 10419 0 0 Union Pacific Corp. COM 907818108 2458 24645 SH SOLE 24645 0 0 UnitedHealth Group Inc. COM 91324P102 14138 172943 SH SOLE 172943 0 0 Unum Group COM 91529Y106 2041 58722 SH SOLE 58722 0 0 Valero Energy Corp. COM 91913Y100 7744 154577 SH SOLE 154577 0 0 Vanguard Mortgage-Backed Sec MORTG-BACK SEC 92206C771 4193 79679 SH SOLE 79679 0 0 Visa Inc. COM CL A 92826C839 8094 38415 SH SOLE 38415 0 0 Visteon Corp COM NEW 92839U206 1927 19861 SH SOLE 19861 0 0 Walgreen Co. COM 931422109 25807 348127 SH SOLE 348127 0 0 Wellcare Health Plans Inc. COM 94946T106 6106 81784 SH SOLE 81784 0 0 WellPoint Inc. COM 94973V107 17427 161944 SH SOLE 161944 0 0 Western Digital Corp. COM 958102105 11545 125081 SH SOLE 125081 0 0 Western Refining Inc. COM 959319104 2876 76578 SH SOLE 76578 0 0 Western Union Co. COM 959802109 2809 161987 SH SOLE 161987 0 0 Westlake Chemical Corp. COM 960413102 9995 119324 SH SOLE 119324 0 0 Whirlpool Corp. COM 963320106 2836 20368 SH SOLE 20368 0 0 WPP PLC ADR 92937A102 3102 28464 SH SOLE 28464 0 0 Xerox Corp. COM 984121103 2364 190055 SH SOLE 190055 0 0 Xilinx Inc. COM 983919101 3923 82912 SH SOLE 82912 0 0