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
3M Co COM 88579Y101 7,142 65,317 SH   SOLE   48,239 0 17,078
AAR Corporation COM 000361105 566 25,755 SH   SOLE   0 0 25,755
AT&T Inc Com COM 00206R102 9,230 260,733 SH   SOLE   192,542 0 68,191
AbbVie Inc COM 00287y109 9,368 226,610 SH   SOLE   134,139 0 92,471
Acco Brands Corp COM 00081T108 20,093 3,159,208 SH   SOLE   2,056,711 0 1,102,497
Aegion Corp COM 00770F104 11,332 503,408 SH   SOLE   327,174 0 176,234
Aetna ORD COM 00817Y108 11,886 187,067 SH   SOLE   114,948 0 72,119
Air Transport Services Group I COM 00922R105 21,576 3,264,136 SH   SOLE   2,118,509 0 1,145,627
Allstate Corp COM 020002101 10,811 224,659 SH   SOLE   138,315 0 86,344
American Equity Invt Lifehldg COM 025676206 38,105 2,427,100 SH   SOLE   1,562,113 0 864,987
American Intl Group Inc Com COM 026874784 17,418 389,662 SH   SOLE   254,723 0 134,939
American Software Inc COM 029683109 21,351 2,456,980 SH   SOLE   1,593,036 0 863,944
Amsurg COM 03232P405 29,507 840,661 SH   SOLE   542,974 0 297,687
Anixter International Inc COM 035290105 25,722 339,292 SH   SOLE   216,176 0 123,116
Ares Cap Corp Com COM 04010L103 58,697 3,412,613 SH   SOLE   2,196,570 0 1,216,043
Argo Group Intl ORD COM 2499543 460 10,857 SH   SOLE   10,857 0 0
Ascena Retail Group Inc COM 04351G101 43,869 2,513,962 SH   SOLE   1,636,484 0 877,478
Atmos Energy Corp COM 049560105 25,768 627,577 SH   SOLE   408,574 0 219,003
Atwood Oceanic Inc COM 050095108 23,419 449,939 SH   SOLE   267,161 0 182,778
BBCN Bancorp Inc COM 073295107 39,396 2,770,436 SH   SOLE   1,803,281 0 967,155
Banco Do Brasil SA ADR COM 059578104 421 41,658 SH   SOLE   41,658 0 0
BancorpSouth Inc. COM 059692103 8,806 497,521 SH   SOLE   323,904 0 173,617
Bank Of Hawaii Corp COM 062540109 20,299 403,394 SH   SOLE   260,183 0 143,211
Bank of America Corp COM 060505104 9,665 751,578 SH   SOLE   556,078 0 195,500
Benchmark Electrs Inc COM 08160H101 7,519 374,101 SH   SOLE   242,661 0 131,440
Black Box Corp Del Com COM 091826107 29,235 1,154,639 SH   SOLE   741,998 0 412,641
Blackstone Group LP COM 09253U108 6,147 291,903 SH   SOLE   233,208 0 58,695
Boeing Co COM 097023105 12,096 118,079 SH   SOLE   75,281 0 42,798
CACI Intl COM 127190304 38,325 603,635 SH   SOLE   387,370 0 216,265
Callon Pete Co Del COM 13123X102 4,965 1,473,257 SH   SOLE   945,389 0 527,868
Cbiz COM 124805102 26,482 3,946,661 SH   SOLE   2,532,945 0 1,413,716
Chevron Corporation Com COM 166764100 16,443 138,948 SH   SOLE   102,625 0 36,323
Cisco Systems Inc COM 17275R102 17,837 732,973 SH   SOLE   461,192 0 271,781
Citigroup Inc Com COM 172967424 11,295 235,455 SH   SOLE   173,328 0 62,127
Community Bank Sys COM 203607106 4,259 138,071 SH   SOLE   89,891 0 48,180
ConocoPhillips Com COM 20825C104 10,646 175,971 SH   SOLE   130,111 0 45,860
Cracker Barrel Old Ctry Store COM 22410J106 14,201 150,023 SH   SOLE   95,765 0 54,258
Cts COM 126501105 20,609 1,510,957 SH   SOLE   983,519 0 527,438
Deluxe Corp COM 248019101 47,998 1,385,233 SH   SOLE   891,114 0 494,119
Donegal Group Inc Cl A COM 257701201 3,363 240,750 SH   SOLE   149,392 0 91,358
Du Pont Ei De Nem COM 263534109 9,192 175,094 SH   SOLE   129,230 0 45,864
Duke Energy Corp New Com COM 26441C204 13,118 194,336 SH   SOLE   143,533 0 50,803
East West Bancorp COM 27579R104 52,790 1,919,619 SH   SOLE   1,239,038 0 680,581
Eaton Corporation COM g29183103 12,146 184,555 SH   SOLE   111,296 0 73,259
Empire District Electric Co COM 291641108 26,707 1,197,080 SH   SOLE   777,170 0 419,910
Enersys COM 29275Y102 29,305 597,564 SH   SOLE   386,086 0 211,478
Ennis COM 293389102 16,783 970,663 SH   SOLE   610,712 0 359,951
Ensco International Inc COM G3157S106 7,049 121,279 SH   SOLE   89,514 0 31,765
Exxon Mobil Corp COM 30231G102 6,937 76,774 SH   SOLE   56,666 0 20,108
F N B Corp Pa Com COM 302520101 29,910 2,476,002 SH   SOLE   1,593,336 0 882,666
FBL Financial Group COM 30239F106 13,361 307,081 SH   SOLE   198,985 0 108,096
FTI Consulting Inc Com COM 302941109 33,509 1,018,820 SH   SOLE   663,313 0 355,507
Fifth Street Finance COM 31678A103 19,706 1,885,740 SH   SOLE   1,196,781 0 688,959
Finish Line Inc. COM 317923100 16,103 736,633 SH   SOLE   469,138 0 267,495
First Niagara Financial Group COM 33582V108 44,454 4,414,509 SH   SOLE   2,846,162 0 1,568,347
First Potomac REIT COM 33610F109 14,118 1,081,010 SH   SOLE   703,743 0 377,267
FirstMerit Corp COM 337915102 47,563 2,374,589 SH   SOLE   1,545,943 0 828,646
Franklin Electric COM 353514102 17,770 528,092 SH   SOLE   343,538 0 184,554
General Elec Co Com COM 369604103 8,339 359,579 SH   SOLE   208,237 0 151,342
Genesco COM 371532102 50,563 754,778 SH   SOLE   471,551 0 283,227
Gentex COM 371901109 455 19,736 SH   SOLE   0 0 19,736
Glatfelter COM 377316104 15,672 624,383 SH   SOLE   406,422 0 217,961
Graftech Intl COM 384313102 22,140 3,041,157 SH   SOLE   1,978,740 0 1,062,417
Greif Inc COM 397624107 29,282 555,955 SH   SOLE   359,804 0 196,151
Gulfmark Offshore inc COM 402629208 19,320 428,484 SH   SOLE   275,522 0 152,962
HCC Insurance Hldgs Inc Com COM 404132102 39,674 920,293 SH   SOLE   596,508 0 323,785
Hancock Hldg COM 410120109 27,508 914,807 SH   SOLE   588,224 0 326,583
Hanover Insurance Group COM 410867105 26,955 550,897 SH   SOLE   355,454 0 195,443
Harman Intl COM 413086109 24,278 447,927 SH   SOLE   286,378 0 161,549
Hersha Hosp Trust COM 427825104 42,815 7,591,338 SH   SOLE   4,883,486 0 2,707,852
Hill Rom Holdings COM 431475102 42,415 1,259,353 SH   SOLE   809,577 0 449,776
Iconix Brand Group Inc COM 451055107 39,563 1,345,238 SH   SOLE   875,796 0 469,442
Ingram Micro Inc COM 457153104 21,511 1,132,763 SH   SOLE   676,160 0 456,603
Integrated Silicon Solution In COM 45812P107 15,827 1,444,095 SH   SOLE   923,488 0 520,607
Investment Technology Group COM 46145F105 1,548 110,695 SH   SOLE   72,056 0 38,639
JPMorgan Chase & Co Com COM 46625H100 11,590 219,551 SH   SOLE   161,728 0 57,823
Johnson & Johnson Com COM 478160104 16,217 188,876 SH   SOLE   139,402 0 49,474
Jos. A Bank Clothiers Inc COM 480838101 13,189 319,180 SH   SOLE   207,774 0 111,406
KT Corp ADR COM 48268K101 656 42,291 SH   SOLE   15,608 0 26,683
Kaiser Aluminum COM 483007704 43,100 695,838 SH   SOLE   452,931 0 242,907
Kindred Healthcare Inc COM 494580103 41,180 3,136,345 SH   SOLE   2,024,725 0 1,111,620
Kodiak Oil & Gas COM 50015Q100 18,234 2,051,034 SH   SOLE   1,313,958 0 737,076
Korn/Ferry International COM 500643200 47,543 2,536,986 SH   SOLE   1,639,897 0 897,089
Kroger Co Com COM 501044101 9,525 275,774 SH   SOLE   203,672 0 72,102
Kulicke & Soffa Ind COM 501242101 434 39,249 SH   SOLE   0 0 39,249
LMI Aerospace Inc COM 502079106 313 16,718 SH   SOLE   0 0 16,718
Lasalle Hotel Pptys COM 517942108 26,994 1,092,872 SH   SOLE   712,614 0 380,258
Leapfrog Enterprises Inc COM 52186N106 16,067 1,632,823 SH   SOLE   1,062,901 0 569,922
Lear Corp ORD COM 521865204 1,953 32,304 SH   SOLE   57 0 32,247
Lincoln Natl Corp Ind Com COM 534187109 8,197 224,748 SH   SOLE   163,599 0 61,149
Lukoil OAO ADR COM 677862104 390 6,760 SH   SOLE   6,760 0 0
Medical Properties COM 58463J304 42,289 2,953,143 SH   SOLE   1,917,017 0 1,036,126
Metlife Inc COM 59156R108 13,970 305,281 SH   SOLE   192,029 0 113,252
Morgan Stanley COM 617446448 11,090 453,954 SH   SOLE   332,485 0 121,469
Nash-Finch COM 631158102 20,962 952,370 SH   SOLE   610,523 0 341,847
Neenah Paper Inc COM 640079109 570 17,953 SH   SOLE   0 0 17,953
Nextera Energy COM 65339F101 8,701 106,783 SH   SOLE   78,583 0 28,200
Noble Affiliates Inc COM 655044105 13,014 216,756 SH   SOLE   160,292 0 56,464
Northwestern COM 668074305 212 5,324 SH   SOLE   0 0 5,324
Nu Skin Enterprises COM 67018T105 62,077 1,015,658 SH   SOLE   637,409 0 378,249
Oi SA ADR COM 670851203 84 46,894 SH   SOLE   46,894 0 0
Omega Healthcare Inv COM 681936100 49,022 1,580,333 SH   SOLE   1,016,730 0 563,603
Oplink Communications Inc COM 68375Q403 31,656 1,822,474 SH   SOLE   1,182,421 0 640,053
Oracle Corporation Com COM 68389X105 8,344 271,687 SH   SOLE   200,531 0 71,156
Park Electrochemical Corp Com COM 700416209 25,735 1,071,834 SH   SOLE   688,993 0 382,841
Partner Communications ADR COM 70211M109 194 30,865 SH   SOLE   30,865 0 0
Petroleo Brasileiro ADR COM 71654V101 430 29,335 SH   SOLE   29,335 0 0
Pfizer Inc COM 717081103 11,370 405,919 SH   SOLE   299,702 0 106,217
Plantronics Inc COM 727493108 16,520 376,145 SH   SOLE   244,866 0 131,279
Plexus Corp COM 729132100 9,943 332,640 SH   SOLE   215,891 0 116,749
Portland General Ele COM 736508847 37,410 1,222,960 SH   SOLE   796,147 0 426,813
QLogic Corp COM 747277101 13,681 1,431,102 SH   SOLE   908,222 0 522,880
RPM International Inc COM 749685103 14,511 454,314 SH   SOLE   294,532 0 159,782
Ramco-Gershenson Properties COM 751452202 19,956 1,285,015 SH   SOLE   852,565 0 432,450
Regal Beloit Corp COM 758750103 233 3,595 SH   SOLE   0 0 3,595
Rent-A-Center Inc New Com COM 76009N100 60,742 1,617,634 SH   SOLE   1,014,919 0 602,715
Rosetta Resources Inc COM 777779307 519 12,210 SH   SOLE   12,210 0 0
Ruth's Hospitality Group COM 783332109 13,061 1,082,118 SH   SOLE   704,448 0 377,670
Scansource Inc COM 806037107 25,813 806,645 SH   SOLE   525,127 0 281,518
Select Comfort Corporation COM 81616X103 23,069 920,731 SH   SOLE   599,317 0 321,414
Sensient Tech COM 81725T100 31,290 773,166 SH   SOLE   502,852 0 270,314
Skywest COM 830879102 9,562 706,169 SH   SOLE   448,172 0 257,997
Sonic Automotive Inc. COM 83545G102 42,960 2,032,161 SH   SOLE   1,322,871 0 709,290
Sonoco Products COM 835495102 24,267 701,957 SH   SOLE   452,880 0 249,077
Standard & Poors Dep Recpt COM 78462F103 594 3,702 SH   SOLE   0 0 3,702
State Street Corp COM 857477103 7,665 117,547 SH   SOLE   85,562 0 31,985
Steris Corporation COM 859152100 331 7,721 SH   SOLE   0 0 7,721
Stifel Financial Corp COM 860630102 21,571 604,739 SH   SOLE   393,651 0 211,088
Stone Energy COM 861642106 25,822 1,172,147 SH   SOLE   747,887 0 424,260
Symmetry Medical COM 871546206 15,272 1,813,818 SH   SOLE   1,175,964 0 637,854
Target Corp COM 87612E106 8,301 120,554 SH   SOLE   88,441 0 32,113
Telecom Italia SpA ADR COM 87927Y102 106 15,250 SH   SOLE   15,250 0 0
Ternium SA ADR COM 880890108 261 11,545 SH   SOLE   11,545 0 0
Tetra Tech COM 88162G103 278 11,832 SH   SOLE   0 0 11,832
Thor Industries Inc COM 885160101 35,592 723,708 SH   SOLE   463,457 0 260,251
Tidewater COM 886423102 48,938 859,007 SH   SOLE   554,834 0 304,173
Tower Group International Ltd COM g8988c105 41,300 2,013,640 SH   SOLE   1,275,750 0 737,890
Trustmark Corp COM 898402102 26,422 1,074,930 SH   SOLE   688,815 0 386,115
Tutor Perini COM 901109108 4,945 273,339 SH   SOLE   177,907 0 95,432
URS Corp COM 903236107 434 9,190 SH   SOLE   0 0 9,190
VCA Antech Inc COM 918194101 226 8,651 SH   SOLE   0 0 8,651
Valassis Commun COM 918866104 572 23,269 SH   SOLE   0 0 23,269
Validus Holdings COM G9319H102 24,558 679,909 SH   SOLE   434,443 0 245,466
Waddell & Reed Finl Inc Cl A COM 930059100 32,926 756,909 SH   SOLE   488,285 0 268,624
Walgreen Company COM 931422109 11,304 255,756 SH   SOLE   188,764 0 66,992
Walt Disney Company Inc COM 254687106 6,885 109,029 SH   SOLE   80,474 0 28,555
Walter Investment Management COM 93317W102 6,737 199,273 SH   SOLE   129,707 0 69,566
Werner Enterprises Inc Com COM 950755108 24,413 1,010,044 SH   SOLE   650,048 0 359,996
Whirlpool Corp COM 963320106 6,260 54,740 SH   SOLE   40,404 0 14,336
Woodward Inc COM 980745103 33,011 825,287 SH   SOLE   537,198 0 288,089
World Acceptance COM 981419104 34,033 391,451 SH   SOLE   251,902 0 139,549
Zebra Technologies Corp COM 989207105 34,247 788,365 SH   SOLE   513,227 0 275,138
Zoetis Inc COM 98978V103 1,141 36,944 SH   SOLE   27,302 0 9,642
Rona Inc ORD COM 2037288 1,977 191,835 SH   SOLE   108,240 0 83,595
Sears Canada ORD COM 2787259 1,925 179,065 SH   SOLE   99,880 0 79,185
Sherritt International ORD COM 2804158 262 70,780 SH   SOLE   70,780 0 0
Chaoda Modern ORD COM 6313490 70 495,000 SH   SOLE   115,000 0 380,000
Sinotrans Limited ORD COM 6579010 369 1,974,000 SH   SOLE   1,119,000 0 855,000
Sinotrans Shipping ORD COM B290QS4 800 3,337,000 SH   SOLE   1,856,300 0 1,480,700
Xtep International Holdings COM B2RJYH8 94 224,500 SH   SOLE   224,500 0 0
Calsonic Kansei ORD COM 6639840 82 19,520 SH   SOLE   0 0 19,520
Central Glass ORD COM 6184306 358 114,000 SH   SOLE   33,000 0 81,000
Duskin Ltd ORD COM B1GVJ73 910 48,400 SH   SOLE   14,100 0 34,300
Dydo Drinco ORD COM 6374992 1,541 38,900 SH   SOLE   27,800 0 11,100
Keihin Corp ORD COM 6487328 1,401 91,900 SH   SOLE   49,100 0 42,800
Mitsubishi UFJ Financial ORD COM 6335171 146 23,650 SH   SOLE   23,650 0 0
NS Solutions ORD COM 6544687 353 18,900 SH   SOLE   18,900 0 0
Tokai Rubber ORD COM 6893914 1,463 162,900 SH   SOLE   85,800 0 77,100
Yodogawa Steel Works ORD COM 6986364 1,579 397,000 SH   SOLE   262,200 0 134,800
GS Engineering & Construction COM 6537096 522 21,250 SH   SOLE   6,150 0 15,100
Hyundai Mipo Dockyard ORD COM 6451066 965 8,750 SH   SOLE   4,710 0 4,040
KB Financial ORD COM B3DF0Y6 296 9,870 SH   SOLE   9,870 0 0
KT Corp ORD COM 6505316 846 27,000 SH   SOLE   21,765 0 5,235
Korea Electric Power Corp ORD COM 6495730 221 9,540 SH   SOLE   9,540 0 0
SK Telecom ORD COM 6224871 289 1,570 SH   SOLE   1,570 0 0
Woori Finance Holdings ORD COM 6534268 542 58,710 SH   SOLE   42,710 0 16,000
Aegon NV ORD COM 5927375 2,101 314,522 SH   SOLE   202,893 0 111,629
Aperam ORD COM b58c6h901 802 73,943 SH   SOLE   49,243 0 24,700
ArcelorMittal ORD COM B03XPL1 731 65,590 SH   SOLE   41,200 0 24,390
Bouygues SA ORD COM 4002121 2,336 91,644 SH   SOLE   43,325 0 48,319
Buzzi Unicem SpA-Rsp ORD COM 5782284 1,540 197,783 SH   SOLE   90,533 0 107,250
CIR SpA ORD COM 4162371 1,469 1,300,657 SH   SOLE   506,286 0 794,371
Ciments Francais SA ORD COM 4199540 508 9,045 SH   SOLE   4,504 0 4,541
Danieli & Co-Rsp ORD COM 4253372 1,608 106,831 SH   SOLE   35,135 0 71,696
Deutsche Telekom AG ORD COM b947cl4 268 23,015 SH   SOLE   23,015 0 0
Esso SA Francaise ORD COM 4320986 408 6,577 SH   SOLE   4,977 0 1,600
France Telecom SA ORD COM B030BQ9 970 102,710 SH   SOLE   30,020 0 72,690
Intesa Sanpaolo SpA-Rsp ORD COM 4076847 192 143,060 SH   SOLE   143,060 0 0
Italcementi SpA ORD COM 5975932 77 12,100 SH   SOLE   12,100 0 0
Italcementi SpA-Rsp ORD COM 5975943 697 217,238 SH   SOLE   116,938 0 100,300
Mediaset SpA ORD COM 5077946 1,758 466,341 SH   SOLE   228,430 0 237,911
Nexity SA ORD COM B037JC2 2,257 60,949 SH   SOLE   34,446 0 26,503
Postnl N.V. COM B033919 697 250,265 SH   SOLE   159,990 0 90,275
Salzgitter AG COM 5465358 456 13,875 SH   SOLE   4,000 0 9,875
TNT Express NV ORD COM B6ZXJH5 1,966 262,516 SH   SOLE   152,796 0 109,720
Telecom Italia SpA-Rsp ORD COM 7634402 678 1,221,816 SH   SOLE   427,570 0 794,246
Total SA ORD COM 4905413 2,480 50,865 SH   SOLE   25,060 0 25,805
Veolia Environnement SA ORD COM 4031879 1,150 101,255 SH   SOLE   57,185 0 44,070
Wienerberger AG ORD COM 5699373 954 82,740 SH   SOLE   45,560 0 37,180
Clariant AG ORD COM 7113990 1,744 123,475 SH   SOLE   80,310 0 43,165
Novartis AG ORD COM 7103065 419 5,905 SH   SOLE   5,905 0 0
Panalpina Welttransport COM B0KJTG5 1,383 12,837 SH   SOLE   6,115 0 6,722
Swiss Life AG ORD COM 7437805 1,993 12,275 SH   SOLE   7,975 0 4,300
Swiss Re AG ORD COM B545MG5 381 5,130 SH   SOLE   5,130 0 0
AstraZeneca PLC ORD COM 0989529 383 8,105 SH   SOLE   8,105 0 0
Barclays PLC ORD COM 3134865 437 103,430 SH   SOLE   103,430 0 0
Royal Bank of Scotland ORD COM B7T7721 1,386 334,051 SH   SOLE   201,257 0 132,794
Sainsbury PLC ORD COM B019KW7 2,998 556,370 SH   SOLE   330,920 0 225,450
WM Morrison PLC ORD COM 0604316 2,472 622,540 SH   SOLE   375,794 0 246,746
Fairfax Media Ltd ORD COM 6467074 240 530,028 SH   SOLE   530,028 0 0
Grindrod Ltd ORD COM B0LNLV5 949 448,692 SH   SOLE   324,984 0 123,708