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 2,603 94,459 SH   SOLE   94,459 0 0
Accenture PLC SHS CL A G1151C101 4,694 58,060 SH   SOLE   58,060 0 0
Advance Auto Parts Inc. COM 00751Y106 8,703 64,502 SH   SOLE   64,502 0 0
Advanced Semiconductor Engr SPONSORED ADR 00756M404 1,711 263,288 SH   SOLE   263,288 0 0
Aetna Inc. COM 00817Y108 11,456 141,297 SH   SOLE   141,297 0 0
Alaska Air Group Inc. COM 011659109 12,722 133,847 SH   SOLE   133,847 0 0
Alliant Techsystems inc COM 018804104 4,922 36,751 SH   SOLE   36,751 0 0
Amdocs Ltd. ORD G02602103 3,625 78,242 SH   SOLE   78,242 0 0
American Airlines Group Inc. COM 02376R102 15,451 359,669 SH   SOLE   359,669 0 0
American Financial Group Inc. COM 025932104 7,210 121,054 SH   SOLE   121,054 0 0
American International Group COM NEW 026874784 14,037 257,180 SH   SOLE   257,180 0 0
American States Water Co. COM 029899101 2,079 62,557 SH   SOLE   62,557 0 0
American Water Works Co. COM 030420103 8,049 162,769 SH   SOLE   162,769 0 0
AmerisourceBergen Corp. COM 03073E105 11,964 164,657 SH   SOLE   164,657 0 0
Apple Inc. COM 037833100 12,523 134,753 SH   SOLE   134,753 0 0
Aqua America Inc. COM 03836W103 4,015 153,113 SH   SOLE   153,113 0 0
Arrow Electronics Inc. COM 042735100 10,555 174,722 SH   SOLE   174,722 0 0
Asbury Automotive Group Inc. COM 043436104 10,728 156,065 SH   SOLE   156,065 0 0
Assurant Inc. COM 04621X108 13,617 207,729 SH   SOLE   207,729 0 0
AutoNation Inc. COM 05329W102 6,600 110,587 SH   SOLE   110,587 0 0
AutoZone Inc. COM 053332102 7,581 14,137 SH   SOLE   14,137 0 0
Avnet Inc. COM 053807103 9,056 204,367 SH   SOLE   204,367 0 0
Axiall Corporation COM 05463D100 4,062 85,935 SH   SOLE   85,935 0 0
Benchmark Electronics Inc. COM 08160H101 5,252 206,134 SH   SOLE   206,134 0 0
Boeing Co. COM 097023105 5,956 46,815 SH   SOLE   46,815 0 0
Boise Cascade Co. COM 09739D100 1,304 45,516 SH   SOLE   45,516 0 0
BP PLC SPONSORED ADR 055622104 3,912 74,168 SH   SOLE   74,168 0 0
Braskem S/A SP ADR PFD A 105532105 158 12,267 SH   SOLE   12,267 0 0
Cabot Corp. COM 127055101 8,184 141,130 SH   SOLE   141,130 0 0
California Water Service Group COM 130788102 2,083 86,060 SH   SOLE   86,060 0 0
Canadian Natural Resources Ltd COM 136385101 2,522 54,942 SH   SOLE   54,942 0 0
Capital One Financial Corp. COM 14040H105 12,929 156,526 SH   SOLE   156,526 0 0
CarMax Inc. COM 143130102 7,006 134,714 SH   SOLE   134,714 0 0
Celestica Inc SUB VTG SHS 15101Q108 1,840 146,496 SH   SOLE   146,496 0 0
Centene Corp. COM 15135B101 1,949 25,781 SH   SOLE   25,781 0 0
Chevron Corp. COM 166764100 3,884 29,752 SH   SOLE   29,752 0 0
China Mobile Ltd. SPONSORED ADR 16941M109 339 6,977 SH   SOLE   6,977 0 0
China Petroleum & Chemical SPONSORED ADR 16941R108 6,618 69,642 SH   SOLE   69,642 0 0
Chipmos Tech Bermuda SHS G2110R114 2,531 104,899 SH   SOLE   104,899 0 0
Cigna Corporation COM 125509109 5,786 62,907 SH   SOLE   62,907 0 0
Cirrus Logic Inc. COM 172755100 3,027 133,118 SH   SOLE   133,118 0 0
CNOOC Ltd. SPONSORED ADR 126132109 251 1,398 SH   SOLE   1,398 0 0
Cognizant Technology Solutions CL A 192446102 3,790 77,487 SH   SOLE   77,487 0 0
Companhia Brasileira de Distri SPON ADR PFD CL A 20440T201 263 5,668 SH   SOLE   5,668 0 0
Companhia de Saneamento Basico SPONSORED ADR 20441A102 7,811 728,623 SH   SOLE   728,623 0 0
Companhia Energetica de Minas SP ADR N-V PFD 204409601 1,663 208,074 SH   SOLE   208,074 0 0
Companhia Paranaense de Energi SPON ADR PFD 20441B407 1,680 109,753 SH   SOLE   109,753 0 0
Computer Sciences Corp. COM 205363104 6,349 100,464 SH   SOLE   100,464 0 0
ConocoPhillips COM 20825C104 2,366 27,601 SH   SOLE   27,601 0 0
Convergys Corp. COM 212485106 2,892 134,866 SH   SOLE   134,866 0 0
Copa Holdings S.A. CL A P31076105 8,995 63,093 SH   SOLE   63,093 0 0
CurrencyShares Japanese Yen Tr JAPANESE YEN 23130A102 15,076 156,634 SH   SOLE   156,634 0 0
CVR Energy Inc. COM 12662P108 3,658 75,898 SH   SOLE   75,898 0 0
CVS Caremark Corp. COM 126650100 20,065 266,218 SH   SOLE   266,218 0 0
Delta Air Lines Inc. COM NEW 247361702 17,579 454,003 SH   SOLE   454,003 0 0
Discover Financial Services COM 254709108 13,186 212,738 SH   SOLE   212,738 0 0
Dr. Reddy's Laboratories Ltd. ADR 256135203 405 9,378 SH   SOLE   9,378 0 0
DST Systems Inc. COM 233326107 5,129 55,650 SH   SOLE   55,650 0 0
EMC Corp. COM 268648102 6,801 258,206 SH   SOLE   258,206 0 0
Energy XXI Bermuda Ltd USD UNRS SHS G10082140 1,476 62,464 SH   SOLE   62,464 0 0
Enersis S.A. SPONSORED ADR 29274F104 1,533 90,990 SH   SOLE   90,990 0 0
Everest Re Group Ltd. COM G3223R108 2,864 17,844 SH   SOLE   17,844 0 0
Exelis Inc. COM 30162A108 4,104 241,698 SH   SOLE   241,698 0 0
Fibria Celulose S.A. SP ADR REP COM 31573A109 247 25,433 SH   SOLE   25,433 0 0
First Solar Inc. COM 336433107 5,759 81,040 SH   SOLE   81,040 0 0
Fiserv Inc. COM 337738108 5,760 95,491 SH   SOLE   95,491 0 0
Flextronics International Ltd. ORD Y2573F102 6,370 575,394 SH   SOLE   575,394 0 0
Ford Motor Company COM PAR $0.01 345370860 2,260 131,119 SH   SOLE   131,119 0 0
Genworth Financial Inc. COM CL A 37247D106 17,869 1,026,940 SH   SOLE   1,026,940 0 0
Global Payments Inc. COM 37940X102 3,849 52,836 SH   SOLE   52,836 0 0
Gran Tierra Energy Inc. COM 38500T101 1,333 164,124 SH   SOLE   164,124 0 0
Green Plains Inc. COM 393222104 3,577 108,834 SH   SOLE   108,834 0 0
Group 1 Automotive Inc. COM 398905109 5,104 60,544 SH   SOLE   60,544 0 0
Grupo Financiero Santander SPON ADR SHS B 40053C105 1,928 145,154 SH   SOLE   145,154 0 0
Hartford Financial Services COM 416515104 10,606 296,181 SH   SOLE   296,181 0 0
Hawaiian Holdings Inc. COM 419879101 7,077 516,222 SH   SOLE   516,222 0 0
Health Net Inc. COM 42222G108 2,096 50,459 SH   SOLE   50,459 0 0
Helen of Troy Corp. COM G4388N106 1,841 30,358 SH   SOLE   30,358 0 0
Hess Corp. COM 42809H107 5,960 60,273 SH   SOLE   60,273 0 0
Hewlett-Packard Co. COM 428236103 10,203 302,948 SH   SOLE   302,948 0 0
HollyFrontier Corp. COM 436106108 3,204 73,327 SH   SOLE   73,327 0 0
Humana Inc. COM 444859102 10,872 85,122 SH   SOLE   85,122 0 0
Ingram Micro Inc. CL A 457153104 6,253 214,075 SH   SOLE   214,075 0 0
Insight Enterprises COM 45765U103 4,890 159,082 SH   SOLE   159,082 0 0
Integrated Device Technology COM 458118106 4,009 259,342 SH   SOLE   259,342 0 0
Integrated Silicon Solution COM 45812P107 844 57,173 SH   SOLE   57,173 0 0
Intel Corp. COM 458140100 7,001 226,556 SH   SOLE   226,556 0 0
International Business Machine COM 459200101 6,875 37,927 SH   SOLE   37,927 0 0
International Paper Co. COM 460146103 3,031 60,060 SH   SOLE   60,060 0 0
Interpublic Group Of Cos. COM 460690100 3,064 157,036 SH   SOLE   157,036 0 0
iShares Latin America 40 ETF S&P LTN AM 40 464287390 1,436 37,546 SH   SOLE   37,546 0 0
iShares 3-7 Year Treasury Bond BARCLYS 3-7 YR 464288661 4,175 34,276 SH   SOLE   34,276 0 0
iShares Barclays CMBS Bond BARCLYS CMBS 46429B366 1,743 33,699 SH   SOLE   33,699 0 0
iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 1,377 26,632 SH   SOLE   26,632 0 0
iShares Floating Rate Bond ETF FLTG RATE BD ETF 46429B655 19,666 387,120 SH   SOLE   387,120 0 0
iShares iBoxx $ Investment Gra IBOXX INV CPBD 464287242 23,956 200,871 SH   SOLE   200,871 0 0
iShares Intermediate Credit Bo BARCLYS INTER CR 464288638 4,932 44,763 SH   SOLE   44,763 0 0
iShares International Treasury INTL TREABO ETF 464288117 5,188 49,291 SH   SOLE   49,291 0 0
iShares MBS ETF MBS ETF 464288588 41,322 381,836 SH   SOLE   381,836 0 0
iShares MSCI All Country Asia MSCI ACJPN IDX 464288182 6,756 107,780 SH   SOLE   107,780 0 0
iShares MSCI South Africa ETF MSCI STH AFRICA 464286780 914 13,301 SH   SOLE   13,301 0 0
Jabil Circuit Inc. COM 466313103 7,314 349,950 SH   SOLE   349,950 0 0
JetBlue Airways Corp. COM 477143101 10,688 985,098 SH   SOLE   985,098 0 0
Kemper Corporation COM 488401100 1,062 28,815 SH   SOLE   28,815 0 0
L-3 Communications Holdings Inc COM 502424104 4,822 39,930 SH   SOLE   39,930 0 0
Lear Corp. COM NEW 521865204 2,527 28,290 SH   SOLE   28,290 0 0
Lexmark International Inc. CL A 529771107 11,947 248,077 SH   SOLE   248,077 0 0
Lithia Motors Inc. CL A 536797103 13,082 139,064 SH   SOLE   139,064 0 0
Lockheed Martin Corp. COM 539830109 7,068 43,975 SH   SOLE   43,975 0 0
LyondellBasell Industries N.V. SHS - A - N53745100 10,442 106,934 SH   SOLE   106,934 0 0
Magellan Health Inc. COM NEW 559079207 6,195 99,530 SH   SOLE   99,530 0 0
Magna International Inc. COM 559222401 3,562 33,057 SH   SOLE   33,057 0 0
MagnaChip Semiconductor Corp. COM 55933J203 1,837 130,317 SH   SOLE   130,317 0 0
Marathon Oil Corp. COM 565849106 2,418 60,562 SH   SOLE   60,562 0 0
Marathon Petroleum Corp. COM 56585A102 5,797 74,254 SH   SOLE   74,254 0 0
Market Vectors Russia ETF Tr RUSSIA ETF 57060U506 510 19,386 SH   SOLE   19,386 0 0
Marvell Technology Group Ltd. ORD G5876H105 5,813 405,664 SH   SOLE   405,664 0 0
MasterCard Inc. CL A 57636Q104 7,539 102,620 SH   SOLE   102,620 0 0
Methanex Corporation COM 59151K108 7,813 126,459 SH   SOLE   126,459 0 0
Micron Technology Inc. COM 595112103 3,949 119,858 SH   SOLE   119,858 0 0
Microsoft Corp. COM 594918104 10,225 245,213 SH   SOLE   245,213 0 0
Mobile TeleSystems SPONSORED ADR 607409109 361 18,304 SH   SOLE   18,304 0 0
Moog Inc. CL A 615394202 2,586 35,476 SH   SOLE   35,476 0 0
Murphy Oil Corp COM 626717102 2,361 35,514 SH   SOLE   35,514 0 0
Navient Corp COM 63938C108 6,892 389,174 SH   SOLE   389,174 0 0
NCR Corp. COM 62886E108 2,896 82,542 SH   SOLE   82,542 0 0
New Oriental Education & Tech SPON ADR 647581107 4,476 168,477 SH   SOLE   168,477 0 0
Northrop Grumman Corp. COM 666807102 6,949 58,085 SH   SOLE   58,085 0 0
NVIDIA Corp. COM 67066G104 6,154 331,955 SH   SOLE   331,955 0 0
O'Reilly Automotive Inc. COM 67103H107 7,760 51,526 SH   SOLE   51,526 0 0
Omnicom Group Inc. COM 681919106 3,497 49,104 SH   SOLE   49,104 0 0
PartnerRe Ltd. COM G6852T105 2,708 24,792 SH   SOLE   24,792 0 0
PBF Energy, Inc. CL A 69318G106 2,701 101,368 SH   SOLE   101,368 0 0
Penske Automotive Grp Inc COM 70959W103 7,185 145,148 SH   SOLE   145,148 0 0
Petrobras Petroleo Brasileiro SPONSORED ADR 71654V408 3,877 264,988 SH   SOLE   264,988 0 0
PetroChina Co. Ltd. SPONSORED ADR 71646E100 3,956 31,507 SH   SOLE   31,507 0 0
Pharmerica Corp COM 71714f104 4,326 151,303 SH   SOLE   151,303 0 0
Phillips 66 COM 718546104 6,582 81,833 SH   SOLE   81,833 0 0
PIMCO 0-5 Year High Yield Corp 0-5 HIGH YIELD 72201R783 6,888 64,449 SH   SOLE   64,449 0 0
Plexus Corp. COM 729132100 1,495 34,525 SH   SOLE   34,525 0 0
Portfolio Recovery Associates COM 73640Q105 4,177 70,169 SH   SOLE   70,169 0 0
PowerShares Build America Bond BUILD AMER ETF 73937B407 10,361 353,390 SH   SOLE   353,390 0 0
PowerShares International Corp INTL CORP BOND 73936Q835 2,143 69,868 SH   SOLE   69,868 0 0
ProShares Short Russell2000 PSHS SHTRUSS2000 74347R826 5,629 351,164 SH   SOLE   351,164 0 0
ProShares Trust Short Dow30 Pr PSHS SHORT DOW30 74347R701 6,399 253,735 SH   SOLE   253,735 0 0
QLogic Corp. COM 747277101 2,994 296,762 SH   SOLE   296,762 0 0
Raytheon Co. COM NEW 755111507 5,867 63,594 SH   SOLE   63,594 0 0
Resolute Forest Products Inc COM 76117W109 702 41,838 SH   SOLE   41,838 0 0
REX American Resources Corp COM 761624105 2,509 34,230 SH   SOLE   34,230 0 0
SanDisk Corp. COM 80004C101 14,221 136,181 SH   SOLE   136,181 0 0
Sanmina Corp. COM 801056102 6,410 281,389 SH   SOLE   281,389 0 0
Sapient Corp. COM 803062108 4,126 253,970 SH   SOLE   253,970 0 0
Sasol Ltd. SPONSORED ADR 803866300 4,319 73,047 SH   SOLE   73,047 0 0
Seagate Technology Inc. SHS G7945M107 8,106 142,669 SH   SOLE   142,669 0 0
Silicon Image, Inc. COM 82705T102 820 162,721 SH   SOLE   162,721 0 0
Silicon Motion Technology Corp SPONSORED ADR 82706c108 1,686 82,534 SH   SOLE   82,534 0 0
SK Telecom Co. Ltd. SPONSORED ADR 78440P108 253 9,767 SH   SOLE   9,767 0 0
Skyworks Solutions Inc COM 83088M102 1,982 42,203 SH   SOLE   42,203 0 0
SLM Corp. COM 78442P106 3,234 389,174 SH   SOLE   389,174 0 0
Southwest Airlines Co. COM 844741108 11,858 441,490 SH   SOLE   441,490 0 0
SPDR Barclays International Co BARCLY INTL CRP 78464A151 2,190 57,864 SH   SOLE   57,864 0 0
SPDR Barclays International Tr BARCLY INTL ETF 78464A516 41,631 684,614 SH   SOLE   684,614 0 0
SPDR Barclays Short Term Inter SHT TRM HGH YLD 78464A334 6,260 171,557 SH   SOLE   171,557 0 0
SPDR S&P Emerging Europe ETF EUROPE ETF 78463X608 411 10,363 SH   SOLE   10,363 0 0
Statoil ASA SPONSORED ADR 85771P102 3,902 126,564 SH   SOLE   126,564 0 0
Suncor Energy Inc. COM 867224107 3,973 93,190 SH   SOLE   93,190 0 0
SYNNEX Corp. COM 87162W100 8,075 110,851 SH   SOLE   110,851 0 0
Taiwan Semiconductor Mfg SPONSORED ADR 874039100 4,155 194,229 SH   SOLE   194,229 0 0
Tata Motors Ltd. SPONSORED ADR 876568502 2,242 57,415 SH   SOLE   57,415 0 0
TE Connectivity Ltd. REG SHS H84989104 9,410 152,168 SH   SOLE   152,168 0 0
Tech Data Corp. COM 878237106 1,629 26,049 SH   SOLE   26,049 0 0
Ternium S.A. SPON ADR 880890108 1,873 67,051 SH   SOLE   67,051 0 0
Thor Industries Inc. COM 885160101 871 15,320 SH   SOLE   15,320 0 0
TIM Participacoes S/A SPONSORED ADR 88706P205 350 12,073 SH   SOLE   12,073 0 0
Total S.A. SPONSORED ADR 89151E109 3,893 53,913 SH   SOLE   53,913 0 0
Triumph Group Inc. COM 896818101 3,409 48,830 SH   SOLE   48,830 0 0
TRW Automotive Holdings Corp. COM 87264S106 3,827 42,748 SH   SOLE   42,748 0 0
Turkcell Iletisim Hizmetleri SPON ADR NEW 900111204 163 10,419 SH   SOLE   10,419 0 0
Union Pacific Corp. COM 907818108 2,458 24,645 SH   SOLE   24,645 0 0
UnitedHealth Group Inc. COM 91324P102 14,138 172,943 SH   SOLE   172,943 0 0
Unum Group COM 91529Y106 2,041 58,722 SH   SOLE   58,722 0 0
Valero Energy Corp. COM 91913Y100 7,744 154,577 SH   SOLE   154,577 0 0
Vanguard Mortgage-Backed Sec MORTG-BACK SEC 92206C771 4,193 79,679 SH   SOLE   79,679 0 0
Visa Inc. COM CL A 92826C839 8,094 38,415 SH   SOLE   38,415 0 0
Visteon Corp COM NEW 92839U206 1,927 19,861 SH   SOLE   19,861 0 0
Walgreen Co. COM 931422109 25,807 348,127 SH   SOLE   348,127 0 0
Wellcare Health Plans Inc. COM 94946T106 6,106 81,784 SH   SOLE   81,784 0 0
WellPoint Inc. COM 94973V107 17,427 161,944 SH   SOLE   161,944 0 0
Western Digital Corp. COM 958102105 11,545 125,081 SH   SOLE   125,081 0 0
Western Refining Inc. COM 959319104 2,876 76,578 SH   SOLE   76,578 0 0
Western Union Co. COM 959802109 2,809 161,987 SH   SOLE   161,987 0 0
Westlake Chemical Corp. COM 960413102 9,995 119,324 SH   SOLE   119,324 0 0
Whirlpool Corp. COM 963320106 2,836 20,368 SH   SOLE   20,368 0 0
WPP PLC ADR 92937A102 3,102 28,464 SH   SOLE   28,464 0 0
Xerox Corp. COM 984121103 2,364 190,055 SH   SOLE   190,055 0 0
Xilinx Inc. COM 983919101 3,923 82,912 SH   SOLE   82,912 0 0