Accenture PLC SHS CL A G1151C101 8454 74626 SH SOLE 74626 0 0 Activision Blizzard Inc. COM 00507V109 11153 281438 SH SOLE 281438 0 0 Advance Auto Parts Inc. COM 00751Y106 3059 18923 SH SOLE 18923 0 0 AerCap Holdings NV COM N00985106 6402 190587 SH SOLE 190587 0 0 Aetna Inc. COM 00817Y108 8717 71377 SH SOLE 71377 0 0 Air Lease Corp. CL A 00912X302 5711 213252 SH SOLE 213252 0 0 Air Prods & Chems Inc Com COM 009158106 7051 49639 SH SOLE 49639 0 0 Aircastle Limited COM G0129K104 908 46429 SH SOLE 46429 0 0 Alaska Air Group Inc. COM 011659109 4799 82338 SH SOLE 82338 0 0 Alibaba Group Holding Ltd. Spo SPONSORED ADR 01609W102 296 3718 SH SOLE 3718 0 0 Alleghany Corp. COM 017175100 3313 6029 SH SOLE 6029 0 0 Amdocs Ltd. COM G02602103 3786 65598 SH SOLE 65598 0 0 American Airlines Group Inc. COM 02376R102 6701 236714 SH SOLE 236714 0 0 American Axle & Manufacturing COM 024061103 1883 130052 SH SOLE 130052 0 0 American States Water Co. COM 029899101 1911 43617 SH SOLE 43617 0 0 American Water Works Co. COM 030420103 6331 74910 SH SOLE 74910 0 0 American Woodmark Corporation COM 030506109 3988 60082 SH SOLE 60082 0 0 AMN Healthcare Services Inc. COM 001744101 1139 28490 SH SOLE 28490 0 0 Antero Resources Corporation COM 03674X106 1441 55479 SH SOLE 55479 0 0 Anthem Inc COM 036752103 6972 53083 SH SOLE 53083 0 0 AON PLC SHS CL A G0408V102 5543 50744 SH SOLE 50744 0 0 Apogee Enterprises Inc. COM 037598109 4906 105845 SH SOLE 105845 0 0 Applied Materials Inc. COM 038222105 8767 365737 SH SOLE 365737 0 0 Aqua America Inc. COM 03836W103 5722 160457 SH SOLE 160457 0 0 Argo Group International Holdi COM G0464B107 633 12199 SH SOLE 12199 0 0 Arrow Electronics Inc. COM 042735100 7674 123977 SH SOLE 123977 0 0 Arthur J. Gallagher & Co. COM 363576109 5798 121802 SH SOLE 121802 0 0 Asbury Automotive Group Inc. COM 043436104 3583 67939 SH SOLE 67939 0 0 Aspen Insurance Holdings Ltd. SHS G05384105 903 19471 SH SOLE 19471 0 0 Assured Guaranty Ltd. COM G0585R106 1226 48330 SH SOLE 48330 0 0 AU Optronics Corp. ADS SPONSORED ADR 002255107 102 29124 SH SOLE 29124 0 0 AutoNation Inc. COM 05329W102 4404 93748 SH SOLE 93748 0 0 AutoZone Inc. COM 053332102 5749 7242 SH SOLE 7242 0 0 Avis Budget Group Inc. COM 053774105 689 21364 SH SOLE 21364 0 0 Avnet Inc. COM 053807103 6466 159617 SH SOLE 159617 0 0 Axis Capital Holdings Ltd SHS G0692U109 1539 27988 SH SOLE 27988 0 0 Benchmark Electronics Inc. COM 08160H101 2880 136184 SH SOLE 136184 0 0 Borgwarner Inc Com COM 099724106 3149 106683 SH SOLE 106683 0 0 Braskem S/A (ADS) SP ADR PFD A 105532105 145 12267 SH SOLE 12267 0 0 Brown & Brown, Inc. COM 115236101 5700 152123 SH SOLE 152123 0 0 Bunge Ltd. COM G16962105 894 15118 SH SOLE 15118 0 0 CACI International Inc. (Cl A) CL A 127190304 2616 28940 SH SOLE 28940 0 0 CaesarStone Ltd. ORD SHS M20598104 3321 95532 SH SOLE 95532 0 0 CalAtlantic Group (was SPF) COM 128195104 1815 49449 SH SOLE 49449 0 0 California Water Service Group COM 130788102 2857 81784 SH SOLE 81784 0 0 Cardinal Health Inc. COM 14149Y108 10360 132809 SH SOLE 132809 0 0 CarMax Inc. COM 143130102 5514 112462 SH SOLE 112462 0 0 Casey's General Stores Inc. COM 147528103 946 7195 SH SOLE 7195 0 0 Celestica Inc SUB VTG SHS 15101Q108 97 10464 SH SOLE 10464 0 0 Centene Corp. COM 15135B101 7387 103497 SH SOLE 103497 0 0 CGI Group Inc. Class A CL A SUB VTG 39945c109 2673 62596 SH SOLE 62596 0 0 Chemtura Corp. COM NEW 163893209 2858 108328 SH SOLE 108328 0 0 China Mobile Ltd. ADS SPONSORED ADR 16941M109 1993 34425 SH SOLE 34425 0 0 Chunghwa Telecom Co. Ltd. (ADS SPON ADR NEW11 17133Q502 1124 30963 SH SOLE 30963 0 0 Cigna Corporation COM 125509109 5264 41128 SH SOLE 41128 0 0 CNOOC Ltd. ADS SPONSORED ADR 126132109 957 7677 SH SOLE 7677 0 0 Cognizant Technology Solutions CL A 192446102 3728 65129 SH SOLE 65129 0 0 Companhia de Saneamento Basico SPONSORED ADR 20441A102 3281 366165 SH SOLE 366165 0 0 Companhia Energetica de Minas SP ADR N-V PFD 204409601 654 295807 SH SOLE 295807 0 0 Computer Sciences Corp. COM 205363104 4198 84544 SH SOLE 84544 0 0 ConocoPhillips COM 20825C104 1238 28403 SH SOLE 28403 0 0 Convergys Corp. COM 212485106 3870 154804 SH SOLE 154804 0 0 Cooper Tire & Rubber Co. COM 216831107 3466 116244 SH SOLE 116244 0 0 Cooper-Standard Holdings Inc. COM 21676P103 2749 34802 SH SOLE 34802 0 0 Cosan Ltd. Cl A SHS A G25343107 305 46829 SH SOLE 46829 0 0 Crane Co. COM 224399105 2774 48901 SH SOLE 48901 0 0 CSRA Inc COM 12650T104 1981 84544 SH SOLE 84544 0 0 CSX Corp. COM 126408103 1228 47101 SH SOLE 47101 0 0 CurrencyShares Japanese Yen Tr JAPANESE YEN 23130A102 14846 158644 SH SOLE 158644 0 0 Delta Air Lines Inc. COM NEW 247361702 9570 262696 SH SOLE 262696 0 0 Discovery Communications Inc. COM SER A 25470F104 4155 164686 SH SOLE 164686 0 0 Dr. Reddy's Laboratories Ltd. ADR 256135203 277 5406 SH SOLE 5406 0 0 DST Systems Inc. COM 233326107 6689 57449 SH SOLE 57449 0 0 Eastman Chemical Co. COM 277432100 3942 58054 SH SOLE 58054 0 0 Edison International COM 281020107 1997 25706 SH SOLE 25706 0 0 Electronic Arts Inc. COM 285512109 11125 146848 SH SOLE 146848 0 0 Endurance Specialty Holdings L SHS G30397106 6402 95323 SH SOLE 95323 0 0 Enersis Americas S.A. Sponsore SPON ADR 29274F104 501 58375 SH SOLE 58375 0 0 Enersis Chile S.A. Sponsored A COM 29278D105 341 58375 SH SOLE 58375 0 0 Everest Re Group Ltd. COM G3223R108 13777 75419 SH SOLE 75419 0 0 Exelon Corp COM 30161N101 2029 55791 SH SOLE 55791 0 0 Fiserv Inc. COM 337738108 8515 78309 SH SOLE 78309 0 0 Flextronics International Ltd. ORD Y2573F102 7104 602020 SH SOLE 602020 0 0 Ford Motor Company COM PAR $0.01 345370860 956 76056 SH SOLE 76056 0 0 GATX Corp. COM 361448103 6248 142103 SH SOLE 142103 0 0 General Dynamics Corp. COM 369550108 3580 25711 SH SOLE 25711 0 0 General Motors Co. COM 37045V100 1095 38691 SH SOLE 38691 0 0 Genuine Parts Co. COM 372460105 5679 56087 SH SOLE 56087 0 0 Gibraltar Industries Inc COM 374689107 2553 80883 SH SOLE 80883 0 0 Global Payments Inc. COM 37940X102 6183 86615 SH SOLE 86615 0 0 Goodyear Tire & Rubber Co. COM 382550101 7741 301662 SH SOLE 301662 0 0 Group 1 Automotive Inc. COM 398905109 2550 51653 SH SOLE 51653 0 0 H.B. Fuller Co. COM 359694106 2890 65693 SH SOLE 65693 0 0 Hawaiian Holdings Inc. COM 419879101 8184 215603 SH SOLE 215603 0 0 HCA Holdings Inc. COM 40412C101 4226 54881 SH SOLE 54881 0 0 HD Supply Holdings, Inc. COM 40416M105 993 28513 SH SOLE 28513 0 0 Henry Schein Inc. COM 806407102 4744 26831 SH SOLE 26831 0 0 Hess Corp. COM 42809H107 1628 27084 SH SOLE 27084 0 0 Humana Inc. COM 444859102 5764 32042 SH SOLE 32042 0 0 Ingram Micro Inc. (Cl A) CL A 457153104 8597 247168 SH SOLE 247168 0 0 Innophos Holdings Inc. COM 45774N108 2395 56729 SH SOLE 56729 0 0 Innospec Inc. COM 45768S105 2094 45524 SH SOLE 45524 0 0 International Business Machine COM 459200101 8699 57314 SH SOLE 57314 0 0 Interpublic Group Of Cos. COM 460690100 11876 514116 SH SOLE 514116 0 0 iShares 3-7 Year Treasury Bond 3-7 YR TR BD ETF 464288661 4981 39112 SH SOLE 39112 0 0 iShares 7-10 Year Treasury Bon 7-10 Y TR BD ETF 464287440 3511 31087 SH SOLE 31087 0 0 iShares Barclays CMBS Bond CMBS ETF 46429B366 1792 33699 SH SOLE 33699 0 0 iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 9379 224161 SH SOLE 224161 0 0 iShares iBoxx $ Investment Gra IBOXX INV CP ETF 464287242 3516 28649 SH SOLE 28649 0 0 iShares Intermediate Credit Bo INTERM CR BD ETF 464288638 944 8489 SH SOLE 8489 0 0 iShares International Treasury INTL TREA BD ETF 464288117 16669 167412 SH SOLE 167412 0 0 iShares JPMorgan USD Emerging JP MOR EM MK ETF 464288281 8264 71765 SH SOLE 71765 0 0 iShares MBS ETF MBS ETF 464288588 27809 252880 SH SOLE 252880 0 0 iShares MSCI India Small Cap E MSCI INDIA SM CP 46429B614 499 15020 SH SOLE 15020 0 0 iShares MSCI UAE Capped ETF MSCI UAE ETF 46434V761 166 10127 SH SOLE 10127 0 0 Itau Unibanco Holding S/A ADS SPON ADR REP PFD 465562106 102 10775 SH SOLE 10775 0 0 Jabil Circuit Inc. COM 466313103 7673 415420 SH SOLE 415420 0 0 JetBlue Airways Corp. COM 477143101 4823 291216 SH SOLE 291216 0 0 KBR Inc. COM 48242W106 890 67219 SH SOLE 67219 0 0 Korea Electric Power Corp. ADR SPONSORED ADR 500631106 1409 54328 SH SOLE 54328 0 0 KT Corp. (ADS) SPONSORED ADR 48268K101 682 47853 SH SOLE 47853 0 0 L-3 Communications Holdings In COM 502424104 4948 33732 SH SOLE 33732 0 0 Lam Research Corp. COM 512807108 10369 123348 SH SOLE 123348 0 0 Lear Corp. COM NEW 521865204 7889 77529 SH SOLE 77529 0 0 Lennar Corp. (Cl A) CL A 526057104 1138 24696 SH SOLE 24696 0 0 Leuthold Grizzly Short Fund COM 527289300 679 99953 SH SOLE 99953 0 0 Lithia Motors Inc. CL A 536797103 3412 48007 SH SOLE 48007 0 0 LyondellBasell Industries N.V. SHS - A - N53745100 6952 93422 SH SOLE 93422 0 0 Magna International Inc. COM 559222401 7552 215335 SH SOLE 215335 0 0 ManpowerGroup Inc. COM 56418H100 4307 66939 SH SOLE 66939 0 0 Marsh & McLennan Cos. COM 571748102 5768 84257 SH SOLE 84257 0 0 Masco Corp. COM 574599106 5611 181342 SH SOLE 181342 0 0 MasterCard Inc. Cl A CL A 57636Q104 7557 85815 SH SOLE 85815 0 0 McKesson Corp. COM 58155Q103 11777 63099 SH SOLE 63099 0 0 Meritage Homes Corp. COM 59001A102 948 25257 SH SOLE 25257 0 0 Methode Electronics, Inc. COM 591520200 3546 103601 SH SOLE 103601 0 0 Minerals Technologies Inc. COM 603158106 2863 50404 SH SOLE 50404 0 0 MKS Instruments Inc. COM 55306N104 4390 101942 SH SOLE 101942 0 0 NeuStar Inc. Cl A CL A 64126X201 2259 96097 SH SOLE 96097 0 0 Norfolk Southern Corp. COM 655844108 937 11004 SH SOLE 11004 0 0 Northrop Grumman Corp. COM 666807102 11024 49597 SH SOLE 49597 0 0 O'Reilly Automotive Inc. COM 67103H107 5777 21311 SH SOLE 21311 0 0 Oasis Petroleum Inc. COM 674215108 823 88086 SH SOLE 88086 0 0 Omnicom Group Inc. COM 681919106 15005 184136 SH SOLE 184136 0 0 Owens & Minor Inc COM 690732102 2119 56677 SH SOLE 56677 0 0 Owens Corning COM 690742101 7672 148919 SH SOLE 148919 0 0 Patrick Industries, Inc. COM 703343103 3720 61694 SH SOLE 61694 0 0 Patterson Cos Inc COM 703395103 3793 79201 SH SOLE 79201 0 0 Penske Automotive Grp Inc Com COM 70959W103 3801 120816 SH SOLE 120816 0 0 Pharmerica Corp COM 71714f104 1451 58843 SH SOLE 58843 0 0 Plexus Corp. COM 729132100 2773 64192 SH SOLE 64192 0 0 PolyOne Corp. COM 73179P106 5062 143637 SH SOLE 143637 0 0 PowerShares Build America Bond BUILD AMER ETF 73937B407 1489 47278 SH SOLE 47278 0 0 PPG Industries Inc. COM 693506107 6989 67109 SH SOLE 67109 0 0 ProShares Trust Short S&P500 SHORT S&P 500 NE 74347B425 4887 123232 SH SOLE 123232 0 0 QEP Resources, Inc. COM 74733V100 1170 66373 SH SOLE 66373 0 0 Raytheon Co. COM 755111507 7360 54140 SH SOLE 54140 0 0 Regal-Beloit Corp COM 758750103 880 15993 SH SOLE 15993 0 0 Reinsurance Group of America I COM 759351604 9380 96716 SH SOLE 96716 0 0 RPM International Inc. COM 749685103 5361 107322 SH SOLE 107322 0 0 Ryder System Inc. COM 783549108 790 12927 SH SOLE 12927 0 0 Sabre Corp. COM 78573M104 1224 45687 SH SOLE 45687 0 0 Sanmina-SCI Corporation COM 801056102 4239 158118 SH SOLE 158118 0 0 Science Applications Internati COM 808625107 3418 58569 SH SOLE 58569 0 0 SolarEdge Technologies, Inc. COM 83417M104 4074 207871 SH SOLE 207871 0 0 Southwest Airlines Co. COM 844741108 9283 236746 SH SOLE 236746 0 0 SPDR Barclays 1-3 Month T-Bill BRCLYS 1-3 MT ETF 78464A680 5459 119463 SH SOLE 119463 0 0 SPDR Barclays International Tr BARCLY INTL ETF 78464A516 48547 849492 SH SOLE 849492 0 0 SPDR Barclays Short Term Inter SHRT INTL ETF 78464A334 3952 125769 SH SOLE 125769 0 0 Spirit AeroSystems Holdings, I COM CL A 848574109 3443 80071 SH SOLE 80071 0 0 Stepan Company COM 858586100 2255 37873 SH SOLE 37873 0 0 SUPERVALU Inc. COM 868536103 2488 527223 SH SOLE 527223 0 0 Swift Transportation CL A 87074U101 847 54939 SH SOLE 54939 0 0 Syntel Inc. COM 87162H103 891 19686 SH SOLE 19686 0 0 Taiwan Semiconductor Manufactu SPONSORED ADR 874039100 224 8557 SH SOLE 8557 0 0 Tata Motors Ltd. ADS SPONSORED ADR 876568502 1933 55757 SH SOLE 55757 0 0 Tech Data Corp. COM 878237106 6963 96909 SH SOLE 96909 0 0 Telekomunikasi Indonesia ADS COM 715684106 1508 24535 SH SOLE 24535 0 0 Tenneco Inc. COM 880349105 4603 98759 SH SOLE 98759 0 0 Teradata Corp. COM 88076W103 1601 63856 SH SOLE 63856 0 0 Teradyne Inc. COM 880770102 8717 442724 SH SOLE 442724 0 0 Tessera Technologies Inc. COM 88164L100 4146 135309 SH SOLE 135309 0 0 Textron Inc. COM 883203101 3496 95630 SH SOLE 95630 0 0 Thor Industries Inc. COM 885160101 575 8887 SH SOLE 8887 0 0 Toyota Motor Corp. ADS SP ADR REP2COM 892331307 890 8904 SH SOLE 8904 0 0 Travelers Companies, Inc. COM 89417E109 2321 19498 SH SOLE 19498 0 0 Trinseo SA SHS L9340P101 3875 90274 SH SOLE 90274 0 0 Triumph Group Inc. COM 896818101 1479 41668 SH SOLE 41668 0 0 United Continental Holdings In COM 910047109 689 16791 SH SOLE 16791 0 0 United Natural Foods COM 911163103 3253 69508 SH SOLE 69508 0 0 United Rentals Inc. COM 911363109 8577 127827 SH SOLE 127827 0 0 UnitedHealth Group Inc. COM 91324P102 9033 63974 SH SOLE 63974 0 0 Universal Forest Products Inc. COM 913543104 4885 52701 SH SOLE 52701 0 0 USG Corp. COM NEW 903293405 6713 249006 SH SOLE 249006 0 0 Validus Holdings Ltd. COM SHS G9319H102 7121 146547 SH SOLE 146547 0 0 Vanguard Long Term Corporate B LG-TRM COR BD 92206C813 3254 34416 SH SOLE 34416 0 0 Vanguard Mortgage-Backed Secur MORTG-BACK SEC 92206C771 4291 79679 SH SOLE 79679 0 0 Visa Inc. CL A 92826C839 9020 121614 SH SOLE 121614 0 0 Vodafone Group PLC ADS SPNSR ADR NO PAR 92857W308 1088 35232 SH SOLE 35232 0 0 Wal-Mart Stores Inc. COM 931142103 2162 29614 SH SOLE 29614 0 0 Werner Enterprises Inc. COM 950755108 638 27793 SH SOLE 27793 0 0 Wesco International Inc. COM 95082P105 5770 112070 SH SOLE 112070 0 0 Western Union Co. COM 959802109 4254 221800 SH SOLE 221800 0 0 Willis Towers Watson Public Li SHS G96629103 5368 43183 SH SOLE 43183 0 0 WPP PLC ADR ADR 92937A102 9357 89528 SH SOLE 89528 0 0