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
FORD MTR CO DEL COM PAR $0.01 345370860 12,346 716,108 SH   SOLE   716,108 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 39,448 648,711 SH   SOLE   648,711 0 0
XEROX CORP COM 984121103 7,462 599,826 SH   SOLE   599,826 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 30,098 584,537 SH   SOLE   584,537 0 0
ION GEOPHYSICAL CORP COM 462044108 2,436 577,175 SH   SOLE   577,175 0 0
ISHARES MSCI JAPAN ETF 464286848 6,675 554,389 SH   SOLE   554,389 0 0
CENOVUS ENERGY INC COM 15135U109 17,236 531,590 SH   SOLE   531,590 0 0
STAPLES INC COM 855030102 5,482 505,745 SH   SOLE   505,745 0 0
PENN WEST PETE LTD NEW COM 707887105 4,501 460,800 SH   SOLE   460,800 0 0
BANK N S HALIFAX COM 064149107 30,689 460,211 SH   SOLE   460,211 0 0
CANADIAN NAT RES LTD COM 136385101 20,686 450,099 SH   SOLE   450,099 0 0
SUNCOR ENERGY INC NEW COM 867224107 18,599 436,074 SH   SOLE   436,074 0 0
ENCANA CORP COM 292505104 10,178 429,513 SH   SOLE   429,513 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 27,889 390,047 SH   SOLE   390,047 0 0
THOMSON REUTERS CORP COM 884903105 13,416 368,406 SH   SOLE   368,406 0 0
GOLDCORP INC NEW COM 380956409 10,227 366,349 SH   SOLE   366,349 0 0
TELUS CORP COM 87971M103 12,575 337,329 SH   SOLE   337,329 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 13,761 319,049 SH   SOLE   319,049 0 0
POTASH CORP SASK INC COM 73755L107 12,130 318,889 SH   SOLE   318,889 0 0
CELESTICA INC SUB VTG SHS 15101Q108 3,976 316,064 SH   SOLE   316,064 0 0
CLIFFS NAT RES INC COM 18683K101 4,674 310,587 SH   SOLE   310,587 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 7,694 300,000 SH   SOLE   300,000 0 0
CENTRAL FD CDA LTD CL A 153501101 3,644 250,676 SH   SOLE   250,676 0 0
GAZIT GLOBE LTD SHS M4793C102 3,352 250,000 SH   SOLE   250,000 0 0
PRECISION DRILLING CORP COM 2010 74022D308 3,394 239,641 SH   SOLE   239,641 0 0
GRAN TIERRA ENERGY INC COM 38500T101 1,871 230,376 SH   SOLE   230,376 0 0
BEST BUY INC COM 086516101 6,935 223,645 SH   SOLE   223,645 0 0
SAFEWAY INC COM NEW 786514208 7,286 212,178 SH   SOLE   212,178 0 0
MANULIFE FINL CORP COM 56501R106 4,145 208,500 SH   SOLE   208,500 0 0
HEWLETT PACKARD CO COM 428236103 6,896 204,762 SH   SOLE   204,762 0 0
NAVIENT CORP COM 63938C108 3,593 202,892 SH   SOLE   202,892 0 0
SLM CORP COM 78442P106 1,670 200,914 SH   SOLE   200,914 0 0
TRANSCANADA CORP COM 89353D107 9,308 194,977 SH   SOLE   194,977 0 0
BANK OF AMERICA CORPORATION COM 060505104 2,923 190,200 SH   SOLE   190,200 0 0
CRESCENT PT ENERGY CORP COM 22576C101 8,405 189,600 SH   SOLE   189,600 0 0
PEMBINA PIPELINE CORP COM 706327103 8,082 187,800 SH   SOLE   187,800 0 0
CANADIAN NATL RY CO COM 136375102 11,898 182,896 SH   SOLE   182,896 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 3,626 170,701 SH   SOLE   170,701 0 0
TYSON FOODS INC CL A 902494103 6,306 167,973 SH   SOLE   167,973 0 0
IMPERIAL OIL LTD COM NEW 453038408 8,590 162,971 SH   SOLE   162,971 0 0
UNUM GROUP COM 91529Y106 5,578 160,470 SH   SOLE   160,470 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 6,210 160,395 SH   SOLE   160,395 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 4,446 159,351 SH   SOLE   159,351 0 0
SUN LIFE FINL INC COM 866796105 5,831 158,600 SH   SOLE   158,600 0 0
BCE INC COM NEW 05534B760 7,150 157,600 SH   SOLE   157,600 0 0
GAMESTOP CORP NEW CL A 36467W109 6,147 151,882 SH   SOLE   151,882 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 1,619 149,466 SH   SOLE   149,466 0 0
SPDR SERIES TRUST DB INT GVT ETF 78464A490 9,234 148,908 SH   SOLE   148,908 0 0
TERRENO RLTY CORP COM 88146M101 2,856 147,752 SH   SOLE   147,752 0 0
ROVI CORP COM 779376102 3,442 143,641 SH   SOLE   143,641 0 0
BELLATRIX EXPLORATION LTD COM 078314101 1,234 142,204 SH   SOLE   142,204 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 1,663 142,000 SH   SOLE   142,000 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 5,236 141,416 SH   SOLE   141,416 0 0
GILEAD SCIENCES INC COM 375558103 11,373 137,170 SH   SOLE   137,170 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 812 128,900 SH   SOLE   128,900 0 0
MACK CALI RLTY CORP COM 554489104 2,683 124,900 SH   SOLE   124,900 0 0
HCP INC COM 40414L109 5,082 122,803 SH   SOLE   122,803 0 0
PROLOGIS INC COM 74340W103 5,045 122,777 SH   SOLE   122,777 0 0
ISHARES MSCI ITALCPD ETF 464286855 2,121 122,057 SH   SOLE   122,057 0 0
BGC PARTNERS INC CL A 05541T101 895 120,300 SH   SOLE   120,300 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 2,797 118,731 SH   SOLE   118,731 0 0
BAYTEX ENERGY CORP COM 07317Q105 5,443 117,900 SH   SOLE   117,900 0 0
VALERO ENERGY CORP NEW COM 91913Y100 5,872 117,208 SH   SOLE   117,208 0 0
DOW CHEM CO COM 260543103 5,984 116,294 SH   SOLE   116,294 0 0
WENDYS CO COM 95058W100 988 115,800 SH   SOLE   115,800 0 0
ULTRA PETROLEUM CORP COM 903914109 3,362 113,253 SH   SOLE   113,253 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 4,336 113,055 SH   SOLE   113,055 0 0
FIRSTSERVICE CORP SUB VTG SH 33761N109 5,708 112,592 SH   SOLE   112,592 0 0
ENERPLUS CORP COM 292766102 2,815 111,661 SH   SOLE   111,661 0 0
BANK MONTREAL QUE COM 063671101 8,206 111,400 SH   SOLE   111,400 0 0
AURICO GOLD INC COM 05155C105 469 109,800 SH   SOLE   109,800 0 0
ISHARES AUSTRIA CAPD ETF 464286202 2,132 108,900 SH   SOLE   108,900 0 0
DDR CORP COM 23317H102 1,891 107,245 SH   SOLE   107,245 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 4,701 106,672 SH   SOLE   106,672 0 0
ISHARES MSCI TAIWAN ETF 464286731 1,669 105,631 SH   SOLE   105,631 0 0
ASSURANT INC COM 04621X108 6,910 105,410 SH   SOLE   105,410 0 0
COMCAST CORP NEW CL A 20030N101 5,648 105,208 SH   SOLE   105,208 0 0
SCHWAB CHARLES CORP NEW COM 808513105 2,814 104,504 SH   SOLE   104,504 0 0
FACEBOOK INC CL A 30303M102 6,979 103,709 SH   SOLE   103,709 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 2,752 103,548 SH   SOLE   103,548 0 0
ENBRIDGE INC COM 29250N105 4,907 103,400 SH   SOLE   103,400 0 0
ISHARES MSCI UK ETF 464286699 2,145 102,742 SH   SOLE   102,742 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 4,126 102,500 SH   SOLE   102,500 0 0
ISHARES MSCI MALAYSI ETF 464286830 1,608 101,285 SH   SOLE   101,285 0 0
DESCARTES SYS GROUP INC COM 249906108 1,446 100,900 SH   SOLE   100,900 0 0
KIMCO RLTY CORP COM 49446R109 2,315 100,761 SH   SOLE   100,761 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 4,445 100,439 SH   SOLE   100,439 0 0
DOMINION DIAMOND CORP COM 257287102 1,438 99,500 SH   SOLE   99,500 0 0
MICROSEMI CORP COM 595137100 2,620 97,916 SH   SOLE   97,916 0 0
ALERE INC COM 01449J105 3,657 97,733 SH   SOLE   97,733 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 4,246 95,149 SH   SOLE   95,149 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 1,414 94,711 SH   SOLE   94,711 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 737 94,400 SH   SOLE   94,400 0 0
JPMORGAN CHASE & CO COM 46625H100 5,408 93,860 SH   SOLE   93,860 0 0
LEXINGTON REALTY TRUST COM 529043101 1,026 93,200 SH   SOLE   93,200 0 0
ANNALY CAP MGMT INC COM 035710409 1,047 91,600 SH   SOLE   91,600 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 4,325 87,126 SH   SOLE   87,126 0 0
CUBESMART COM 229663109 1,594 87,000 SH   SOLE   87,000 0 0
RYDER SYS INC COM 783549108 7,508 85,230 SH   SOLE   85,230 0 0
ISHARES MSCI NETHERL ETF 464286814 2,140 83,613 SH   SOLE   83,613 0 0
ISHARES 1-3 YR TR BD ETF 464287457 6,945 82,132 SH   SOLE   82,132 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 6,546 80,996 SH   SOLE   80,996 0 0
MURPHY OIL CORP COM 626717102 5,348 80,445 SH   SOLE   80,445 0 0
YAMANA GOLD INC COM 98462Y100 658 80,000 SH   SOLE   80,000 0 0
UBS AG SHS NEW H89231338 1,454 79,300 SH   SOLE   79,300 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 4,276 79,105 SH   SOLE   79,105 0 0
CISCO SYS INC COM 17275R102 1,936 77,900 SH   SOLE   77,900 0 0
ISHARES TIPS BD ETF 464287176 8,953 77,609 SH   SOLE   77,609 0 0
JUST ENERGY GROUP INC COM 48213W101 433 75,200 SH   SOLE   75,200 0 0
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 1,802 75,132 SH   SOLE   75,132 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 1,674 74,502 SH   SOLE   74,502 0 0
DISNEY WALT CO COM DISNEY 254687106 6,285 73,305 SH   SOLE   73,305 0 0
ISHARES MSCI FRANCE ETF 464286707 2,097 71,936 SH   SOLE   71,936 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 4,330 71,185 SH   SOLE   71,185 0 0
GLOBAL X FDS FTSE GREECE 20 37950E366 1,579 70,158 SH   SOLE   70,158 0 0
ISHARES MSCI GERMANY ETF 464286806 2,113 67,548 SH   SOLE   67,548 0 0
HOST HOTELS & RESORTS INC COM 44107P104 1,445 65,667 SH   SOLE   65,667 0 0
MONSANTO CO NEW COM 61166W101 8,170 65,498 SH   SOLE   65,498 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 4,339 65,009 SH   SOLE   65,009 0 0
STAG INDL INC COM 85254J102 1,554 64,733 SH   SOLE   64,733 0 0
ISHARES EAFE SML CP ETF 464288273 3,413 64,502 SH   SOLE   64,502 0 0
INTERPUBLIC GROUP COS INC COM 460690100 1,231 63,100 SH   SOLE   63,100 0 0
SOUTHWEST AIRLS CO COM 844741108 1,671 62,200 SH   SOLE   62,200 0 0
REGIONS FINL CORP NEW COM 7591EP100 658 62,000 SH   SOLE   62,000 0 0
ISHARES MSCI SZ CAP ETF 464286749 2,119 61,737 SH   SOLE   61,737 0 0
PROGRESSIVE WASTE SOLUTIONS COM 74339G101 1,579 61,500 SH   SOLE   61,500 0 0
VECTOR GROUP LTD COM 92240M108 1,270 61,400 SH   SOLE   61,400 0 0
MAGNA INTL INC COM 559222401 6,544 60,780 SH   SOLE   60,780 0 0
SERVICE CORP INTL COM 817565104 1,249 60,291 SH   SOLE   60,291 0 0
SIMON PPTY GROUP INC NEW COM 828806109 9,848 59,223 SH   SOLE   59,223 0 0
VENTAS INC COM 92276F100 3,794 59,185 SH   SOLE   59,185 0 0
ISHARES MSCI SWEDEN ETF 464286756 2,087 59,167 SH   SOLE   59,167 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 1,553 58,867 SH   SOLE   58,867 0 0
AON PLC SHS CL A G0408V102 5,252 58,300 SH   SOLE   58,300 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 2,838 58,032 SH   SOLE   58,032 0 0
RPC INC COM 749660106 1,360 57,900 SH   SOLE   57,900 0 0
WILEY JOHN & SONS INC CL A 968223206 3,479 57,413 SH   SOLE   57,413 0 0
METHANEX CORP COM 59151K108 3,525 57,058 SH   SOLE   57,058 0 0
WELLPOINT INC COM 94973V107 6,121 56,880 SH   SOLE   56,880 0 0
AMERICAN PUBLIC EDUCATION IN COM 02913V103 1,918 55,777 SH   SOLE   55,777 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 873 54,900 SH   SOLE   54,900 0 0
STARBUCKS CORP COM 855244109 4,240 54,793 SH   SOLE   54,793 0 0
KROGER CO COM 501044101 2,708 54,785 SH   SOLE   54,785 0 0
ISHARES TR MSCI POL CAP ETF 46429B606 1,574 53,628 SH   SOLE   53,628 0 0
EQUITY ONE COM 294752100 1,257 53,282 SH   SOLE   53,282 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 574 53,100 SH   SOLE   53,100 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 2,682 52,800 SH   SOLE   52,800 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 917 52,000 SH   SOLE   52,000 0 0
HUNTSMAN CORP COM 447011107 1,454 51,730 SH   SOLE   51,730 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 1,246 50,669 SH   SOLE   50,669 0 0
VANTAGE DRILLING COMPANY ORD SHS G93205113 97 50,482 SH   SOLE   50,482 0 0
ISHARES MSCI SPAN CP ETF 464286764 2,158 50,395 SH   SOLE   50,395 0 0
TEUCRIUM COMMODITY TR SOYBEAN FD 88166A607 1,195 49,974 SH   SOLE   49,974 0 0
SALESFORCE COM INC COM 79466L302 2,861 49,268 SH   SOLE   49,268 0 0
CELGENE CORP COM 151020104 4,212 49,050 SH   SOLE   49,050 0 0
SOUFUN HLDGS LTD ADR 836034108 480 48,980 SH   SOLE   48,980 0 0
CHARLES RIV LABS INTL INC COM 159864107 2,592 48,434 SH   SOLE   48,434 0 0
QTS RLTY TR INC COM CL A 74736A103 1,368 47,796 SH   SOLE   47,796 0 0
SCHLUMBERGER LTD COM 806857108 5,616 47,612 SH   SOLE   47,612 0 0
CUBIC CORP COM 229669106 2,114 47,486 SH   SOLE   47,486 0 0
UNILEVER PLC SPON ADR NEW 904767704 2,093 46,200 SH   SOLE   46,200 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 1,070 46,200 SH   SOLE   46,200 0 0
ISHARES ALL PERU CAP ETF 464289842 1,624 45,667 SH   SOLE   45,667 0 0
AVIV REIT INC MD COM 05381L101 1,274 45,213 SH   SOLE   45,213 0 0
VERMILION ENERGY INC COM 923725105 3,144 45,170 SH   SOLE   45,170 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 1,631 44,274 SH   SOLE   44,274 0 0
DIGITAL RLTY TR INC COM 253868103 2,566 43,994 SH   SOLE   43,994 0 0
ISHARES CHINA LG-CAP ETF 464287184 1,628 43,947 SH   SOLE   43,947 0 0
BOSTON PROPERTIES INC COM 101121101 5,129 43,399 SH   SOLE   43,399 0 0
UDR INC COM 902653104 1,234 43,100 SH   SOLE   43,100 0 0
HOME DEPOT INC COM 437076102 3,385 41,816 SH   SOLE   41,816 0 0
GENERAL DYNAMICS CORP COM 369550108 4,851 41,620 SH   SOLE   41,620 0 0
AMERICAS CAR MART INC COM 03062T105 1,598 40,415 SH   SOLE   40,415 0 0
ELDORADO GOLD CORP NEW COM 284902103 307 40,100 SH   SOLE   40,100 0 0
MACERICH CO COM 554382101 2,673 40,043 SH   SOLE   40,043 0 0
NOVARTIS A G SPONSORED ADR 66987V109 3,621 40,000 SH   SOLE   40,000 0 0
CANADIAN PAC RY LTD COM 13645T100 7,117 39,290 SH   SOLE   39,290 0 0
HUDSON PAC PPTYS INC COM 444097109 993 39,200 SH   SOLE   39,200 0 0
GENERAL ELECTRIC CO COM 369604103 1,020 38,800 SH   SOLE   38,800 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 808 38,686 SH   SOLE   38,686 0 0
CON-WAY INC COM 205944101 1,942 38,534 SH   SOLE   38,534 0 0
BARRICK GOLD CORP COM 067901108 698 38,100 SH   SOLE   38,100 0 0
CBS OUTDOOR AMERS INC COM 14987J106 1,245 38,100 SH   SOLE   38,100 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 536 37,809 SH   SOLE   37,809 0 0
BP PLC SPONSORED ADR 055622104 1,985 37,627 SH   SOLE   37,627 0 0
HUDBAY MINERALS INC COM 443628102 348 37,600 SH   SOLE   37,600 0 0
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 1,119 37,100 SH   SOLE   37,100 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 2,324 36,894 SH   SOLE   36,894 0 0
MICROSOFT CORP COM 594918104 1,526 36,600 SH   SOLE   36,600 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 3,326 35,662 SH   SOLE   35,662 0 0
KILROY RLTY CORP COM 49427F108 2,219 35,635 SH   SOLE   35,635 0 0
UNITED STS DIESEL HEATING OI UNIT 911783108 1,185 35,221 SH   SOLE   35,221 0 0
ISHARES MSCI BRZ CAP ETF 464286400 1,673 35,015 SH   SOLE   35,015 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 951 34,200 SH   SOLE   34,200 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 1,317 33,886 SH   SOLE   33,886 0 0
PFIZER INC COM 717081103 974 32,800 SH   SOLE   32,800 0 0
MITEL NETWORKS CORP COM 60671Q104 343 32,500 SH   SOLE   32,500 0 0
GLOBAL PMTS INC COM 37940X102 2,353 32,296 SH   SOLE   32,296 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,713 32,171 SH   SOLE   32,171 0 0
VISA INC COM CL A 92826C839 6,763 32,096 SH   SOLE   32,096 0 0
CONTINENTAL RESOURCES INC COM 212015101 5,010 31,703 SH   SOLE   31,703 0 0
BLACKHAWK NETWORK HLDGS INC CL B 09238E203 831 30,963 SH   SOLE   30,963 0 0
SHERWIN WILLIAMS CO COM 824348106 6,315 30,520 SH   SOLE   30,520 0 0
AMERICAN EXPRESS CO COM 025816109 2,853 30,077 SH   SOLE   30,077 0 0
GILDAN ACTIVEWEAR INC COM 375916103 1,750 29,700 SH   SOLE   29,700 0 0
PACIRA PHARMACEUTICALS INC COM 695127100 2,710 29,502 SH   SOLE   29,502 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 2,426 29,453 SH   SOLE   29,453 0 0
HORMEL FOODS CORP COM 440452100 1,452 29,426 SH   SOLE   29,426 0 0
TECK RESOURCES LTD CL B 878742204 662 29,000 SH   SOLE   29,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 1,497 28,889 SH   SOLE   28,889 0 0
ISHARES MSCI TURKEY ETF 464286715 1,569 28,238 SH   SOLE   28,238 0 0
WELLS FARGO & CO NEW COM 949746101 1,460 27,779 SH   SOLE   27,779 0 0
REGAL BELOIT CORP COM 758750103 2,171 27,641 SH   SOLE   27,641 0 0
WYNN RESORTS LTD COM 983134107 5,669 27,313 SH   SOLE   27,313 0 0
BIOGEN IDEC INC COM 09062X103 8,374 26,557 SH   SOLE   26,557 0 0
ABBOTT LABS COM 002824100 1,076 26,300 SH   SOLE   26,300 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A104 608 26,095 SH   SOLE   26,095 0 0
ECOLAB INC COM 278865100 2,887 25,934 SH   SOLE   25,934 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,920 24,734 SH   SOLE   24,734 0 0
JOHNSON & JOHNSON COM 478160104 2,587 24,723 SH   SOLE   24,723 0 0
ISHARES MSCI STH KOR ETF 464286772 1,606 24,695 SH   SOLE   24,695 0 0
KEURIG GREEN MTN INC COM 49271M100 3,043 24,417 SH   SOLE   24,417 0 0
FISERV INC COM 337738108 1,460 24,207 SH   SOLE   24,207 0 0
ISHARES MSCI MEX CAP ETF 464286822 1,640 24,180 SH   SOLE   24,180 0 0
E M C CORP MASS COM 268648102 632 24,000 SH   SOLE   24,000 0 0
ISHARES MSCI STH AFR ETF 464286780 1,636 23,806 SH   SOLE   23,806 0 0
CINTAS CORP COM 172908105 1,474 23,194 SH   SOLE   23,194 0 0
AVALONBAY CMNTYS INC COM 053484101 3,223 22,667 SH   SOLE   22,667 0 0
CVS CAREMARK CORPORATION COM 126650100 1,708 22,665 SH   SOLE   22,665 0 0
VORNADO RLTY TR SH BEN INT 929042109 2,395 22,444 SH   SOLE   22,444 0 0
MERCK & CO INC NEW COM 58933Y105 1,278 22,100 SH   SOLE   22,100 0 0
AGRIUM INC COM 008916108 2,019 22,040 SH   SOLE   22,040 0 0
NORTH AMERN ENERGY PARTNERS COM 656844107 172 21,400 SH   SOLE   21,400 0 0
PEABODY ENERGY CORP COM 704549104 347 21,200 SH   SOLE   21,200 0 0
BHP BILLITON PLC SPONSORED ADR 05545E209 1,376 21,100 SH   SOLE   21,100 0 0
QUANTA SVCS INC COM 74762E102 726 21,000 SH   SOLE   21,000 0 0
UNITED STS GASOLINE FD LP UNITS 91201T102 1,319 20,931 SH   SOLE   20,931 0 0
CORNING INC COM 219350105 446 20,300 SH   SOLE   20,300 0 0
SL GREEN RLTY CORP COM 78440X101 2,195 20,066 SH   SOLE   20,066 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 5,599 19,909 SH   SOLE   19,909 0 0
GROUPE CGI INC CL A SUB VTG 39945C109 705 19,900 SH   SOLE   19,900 0 0
HONEYWELL INTL INC COM 438516106 1,828 19,669 SH   SOLE   19,669 0 0
ISHARES MSCI THI CAP ETF 464286624 1,518 19,657 SH   SOLE   19,657 0 0
ARLINGTON ASSET INVT CORP CL A NEW 041356205 511 18,700 SH   SOLE   18,700 0 0
INGRAM MICRO INC CL A 457153104 529 18,100 SH   SOLE   18,100 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 541 17,800 SH   SOLE   17,800 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 1,022 17,800 SH   SOLE   17,800 0 0
ROCKWELL COLLINS INC COM 774341101 1,355 17,347 SH   SOLE   17,347 0 0
TORCHMARK CORP COM 891027104 1,409 17,195 SH   SOLE   17,195 0 0
ISHARES MSCI EMG MKT ETF 464287234 735 17,000 SH   SOLE   17,000 0 0
TEXAS INSTRS INC COM 882508104 808 16,900 SH   SOLE   16,900 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 416 16,400 SH   SOLE   16,400 0 0
ESSEX PPTY TR INC COM 297178105 2,977 16,101 SH   SOLE   16,101 0 0
DONALDSON INC COM 257651109 681 16,100 SH   SOLE   16,100 0 0
APPLE INC COM 037833100 1,490 16,030 SH   SOLE   16,030 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 537 15,605 SH   SOLE   15,605 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 572 15,511 SH   SOLE   15,511 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 194 15,400 SH   SOLE   15,400 0 0
CIGNA CORPORATION COM 125509109 1,389 15,107 SH   SOLE   15,107 0 0
AGNICO EAGLE MINES LTD COM 008474108 575 15,000 SH   SOLE   15,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,847 14,600 SH   SOLE   14,600 0 0
PUBLIC STORAGE COM 74460D109 2,495 14,562 SH   SOLE   14,562 0 0
BECTON DICKINSON & CO COM 075887109 1,719 14,530 SH   SOLE   14,530 0 0
RAYTHEON CO COM NEW 755111507 1,316 14,267 SH   SOLE   14,267 0 0
COOPER COS INC COM NEW 216648402 1,904 14,049 SH   SOLE   14,049 0 0
WHOLE FOODS MKT INC COM 966837106 541 14,000 SH   SOLE   14,000 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 1,731 13,600 SH   SOLE   13,600 0 0
OPEN TEXT CORP COM 683715106 653 13,600 SH   SOLE   13,600 0 0
NORTHROP GRUMMAN CORP COM 666807102 1,595 13,330 SH   SOLE   13,330 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 562 13,200 SH   SOLE   13,200 0 0
POSCO SPONSORED ADR 693483109 975 13,100 SH   SOLE   13,100 0 0
QUALCOMM INC COM 747525103 1,034 13,050 SH   SOLE   13,050 0 0
CRITEO S A SPONS ADS 226718104 440 13,026 SH   SOLE   13,026 0 0
TEXTAINER GROUP HOLDINGS LTD SHS G8766E109 487 12,600 SH   SOLE   12,600 0 0
TIM HORTONS INC COM 88706M103 687 12,550 SH   SOLE   12,550 0 0
ALTRIA GROUP INC COM 02209S103 516 12,300 SH   SOLE   12,300 0 0
PENN NATL GAMING INC COM 707569109 147 12,105 SH   SOLE   12,105 0 0
KINDER MORGAN INC DEL COM 49456B101 439 12,100 SH   SOLE   12,100 0 0
CAE INC COM 124765108 157 12,000 SH   SOLE   12,000 0 0
ISHARES INDIA 50 ETF 464289529 348 12,000 SH   SOLE   12,000 0 0
KODIAK OIL & GAS CORP COM 50015Q100 172 11,830 SH   SOLE   11,830 0 0
SILVER WHEATON CORP COM 828336107 292 11,100 SH   SOLE   11,100 0 0
GOOGLE INC CL A 38259P508 6,117 10,462 SH   SOLE   10,462 0 0
WILLIAMS COS INC DEL COM 969457100 605 10,400 SH   SOLE   10,400 0 0
ASPEN TECHNOLOGY INC COM 045327103 472 10,393 SH   SOLE   10,393 0 0
FIRST TR FTSE EPRA/NAREIT DE COM 33736N101 451 10,367 SH   SOLE   10,367 0 0
EXXON MOBIL CORP COM 30231G102 1,037 10,300 SH   SOLE   10,300 0 0
LORILLARD INC COM 544147101 622 10,200 SH   SOLE   10,200 0 0
EATON CORP PLC SHS G29183103 772 10,000 SH   SOLE   10,000 0 0
BARD C R INC COM 067383109 1,421 9,936 SH   SOLE   9,936 0 0
WALGREEN CO COM 931422109 732 9,870 SH   SOLE   9,870 0 0
MAXIMUS INC COM 577933104 409 9,500 SH   SOLE   9,500 0 0
REYNOLDS AMERICAN INC COM 761713106 573 9,500 SH   SOLE   9,500 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 819 9,000 SH   SOLE   9,000 0 0
MERCADOLIBRE INC COM 58733R102 856 8,972 SH   SOLE   8,972 0 0
DRIL-QUIP INC COM 262037104 959 8,780 SH   SOLE   8,780 0 0
51JOB INC SP ADR REP COM 316827104 544 8,251 SH   SOLE   8,251 0 0
HAIN CELESTIAL GROUP INC COM 405217100 710 8,000 SH   SOLE   8,000 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 268 8,000 SH   SOLE   8,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 378 7,800 SH   SOLE   7,800 0 0
BAKER HUGHES INC COM 057224107 573 7,700 SH   SOLE   7,700 0 0
CATAMARAN CORP COM 148887102 283 6,400 SH   SOLE   6,400 0 0
PRICELINE GRP INC COM NEW 741503403 7,632 6,344 SH   SOLE   6,344 0 0
AUTODESK INC COM 052769106 350 6,200 SH   SOLE   6,200 0 0
PROCTER & GAMBLE CO COM 742718109 460 5,850 SH   SOLE   5,850 0 0
RESTORATION HARDWARE HLDGS I COM 761283100 521 5,600 SH   SOLE   5,600 0 0
HALLIBURTON CO COM 406216101 358 5,045 SH   SOLE   5,045 0 0
MEADWESTVACO CORP COM 583334107 211 4,775 SH   SOLE   4,775 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 315 4,600 SH   SOLE   4,600 0 0
PRAXAIR INC COM 74005P104 611 4,600 SH   SOLE   4,600 0 0
PHILIP MORRIS INTL INC COM 718172109 384 4,560 SH   SOLE   4,560 0 0
LOCKHEED MARTIN CORP COM 539830109 627 3,900 SH   SOLE   3,900 0 0
MEDTRONIC INC COM 585055106 242 3,800 SH   SOLE   3,800 0 0
VMWARE INC CL A COM 928563402 349 3,600 SH   SOLE   3,600 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 667 3,551 SH   SOLE   3,551 0 0
PRICESMART INC COM 741511109 277 3,185 SH   SOLE   3,185 0 0
CHEVRON CORP NEW COM 166764100 405 3,100 SH   SOLE   3,100 0 0
STRYKER CORP COM 863667101 253 3,000 SH   SOLE   3,000 0 0
GRAHAM HLDGS CO COM 384637104 1,542 2,147 SH   SOLE   2,147 0 0
CUMMINS INC COM 231021106 247 1,600 SH   SOLE   1,600 0 0