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
ABB Ltd. ADR COM 000375204 4,125 159,947 SH   SOLE   159,947 0 0
AbbVie Inc. COM 00287Y109 637 12,386 SH   SOLE   12,386 0 0
Abbott Laboratories COM 002824100 477 12,386 SH   SOLE   12,386 0 0
Aceto Corp. COM 004446100 238 11,851 SH   SOLE   11,851 0 0
Abercombie & Fitch Co. Cl A COM 002896207 10,258 266,448 SH   SOLE   266,448 0 0
Apache Corp. COM 037411105 25,139 303,058 SH   SOLE   303,058 0 0
Avnet Inc. COM 053807103 18,023 387,348 SH   SOLE   387,348 0 0
Baxter International Inc. COM 071813109 20,629 280,359 SH   SOLE   280,359 0 0
BHP Billiton PLC-ADR COM 05545E209 3,907 63,264 SH   SOLE   63,264 0 0
Becton Dickinson & Co. COM 075887109 738 6,300 SH   SOLE   6,300 0 0
Bunge Ltd. COM G16962105 27,022 339,855 SH   SOLE   339,855 0 0
Baker Hughes Inc. COM 057224107 19,330 297,298 SH   SOLE   297,298 0 0
Berkshire Hathaway Inc. CL B COM 084670702 2,040 16,323 SH   SOLE   16,323 0 0
Conagra Foods Inc. COM 205887102 37,380 1,204,648 SH   SOLE   1,204,648 0 0
Cardinal Health Inc. COM 14149Y108 8,845 126,392 SH   SOLE   126,392 0 0
Check Point Software Technologies Ltd. COM M22465104 22,926 338,990 SH   SOLE   338,990 0 0
China Mobile HK Ltd. - ADR COM 16941M109 1,443 31,643 SH   SOLE   31,643 0 0
Comerica Inc. COM 200340107 250 4,820 SH   SOLE   4,820 0 0
Coach Inc. COM 189754104 10,512 211,681 SH   SOLE   211,681 0 0
ConocoPhillips COM 20825C104 10,388 147,668 SH   SOLE   147,668 0 0
Covidien PLC COM G2554F113 21,636 293,722 SH   SOLE   293,722 0 0
CSX Corporation COM 126408103 9,955 343,643 SH   SOLE   343,643 0 0
Diebold Inc. COM 253651103 16,117 404,040 SH   SOLE   404,040 0 0
Du Pont (E.I.) De Nemours COM 263534109 9,194 137,017 SH   SOLE   137,017 0 0
Amdocs Ltd. COM G02602103 9,988 214,980 SH   SOLE   214,980 0 0
Devon Energy Corp. COM 25179M103 8,793 131,370 SH   SOLE   131,370 0 0
Ford Motor Co. COM 345370860 8,758 561,399 SH   SOLE   561,399 0 0
Freeport-McMoRan Copper & Gold Inc. COM 35671D857 25,225 762,778 SH   SOLE   762,778 0 0
F.N.B. Corp. COM 302520101 4,517 337,092 SH   SOLE   337,092 0 0
Hancock Holding Co. COM 410120109 8,988 245,233 SH   SOLE   245,233 0 0
IBM COM 459200101 602 3,126 SH   SOLE   3,126 0 0
ICICI Bank Ltd. - ADR COM 45104G104 7,507 171,395 SH   SOLE   171,395 0 0
IShares S&P 500 Index Fund COM 464287200 583 3,100 SH   SOLE   3,100 0 0
iShares Russell 2000 ETF COM 464287655 13,519 116,200 SH   SOLE   116,200 0 0
Jabil Circuit Inc. COM 466313103 17,201 955,620 SH   SOLE   955,620 0 0
Johnson Controls Inc. COM 478366107 3,333 70,438 SH   SOLE   70,438 0 0
Johnson & Johnson COM 478160104 16,164 164,554 SH   SOLE   164,554 0 0
JPMorgan Chase & Co. COM 46625H100 271 4,471 SH   SOLE   4,471 0 0
Knowles Corp. COM 49926D109 3,683 116,659 SH   SOLE   116,659 0 0
Coca Cola Co. COM 191216100 3,623 93,720 SH   SOLE   93,720 0 0
Kraft Foods Group Inc. COM 50076Q106 1,033 18,418 SH   SOLE   18,418 0 0
KT Corp. - ADR COM 48268K101 3,854 277,492 SH   SOLE   277,492 0 0
Mattel Inc. COM 577081102 9,758 243,272 SH   SOLE   243,272 0 0
Mondelez International Inc. COM 609207105 1,909 55,256 SH   SOLE   55,256 0 0
Medtronic Inc. COM 585055106 19,072 309,909 SH   SOLE   309,909 0 0
Metlife Inc. COM 59156R108 24,962 472,765 SH   SOLE   472,765 0 0
3M Co. COM 88579Y101 817 6,024 SH   SOLE   6,024 0 0
The Mosaic Co. COM 61945C103 17,326 346,522 SH   SOLE   346,522 0 0
Merck & Co. Inc. COM 58933Y105 12,685 223,442 SH   SOLE   223,442 0 0
Microsoft Corp. COM 594918104 24,347 593,969 SH   SOLE   593,969 0 0
M&T Bank Corp. COM 55261F104 4,589 37,834 SH   SOLE   37,834 0 0
Norfolk Southern Corp. COM 655844108 12,702 130,715 SH   SOLE   130,715 0 0
Novartis AG - ADR COM 66987V109 711 8,359 SH   SOLE   8,359 0 0
Oracle Corp. COM 68389X105 8,277 202,328 SH   SOLE   202,328 0 0
Pfizer Inc. COM 717081103 225 6,993 SH   SOLE   6,993 0 0
Procter & Gamble Co. COM 742718109 851 10,563 SH   SOLE   10,563 0 0
PNC Financial Services Group Inc. COM 693475105 32,023 368,078 SH   SOLE   368,078 0 0
PPL Corp. COM 69351T106 11,696 352,924 SH   SOLE   352,924 0 0
Petrochina Co. Ltd. - ADR COM 71646E100 6,162 56,794 SH   SOLE   56,794 0 0
Prudential PLC - ADR COM 74435K204 4,301 101,094 SH   SOLE   101,094 0 0
Ryder System Inc. COM 783549108 20,001 250,261 SH   SOLE   250,261 0 0
Royal Dutch Shell PLC ADR A COM 780259206 4,243 58,077 SH   SOLE   58,077 0 0
Reinsurance Group of America COM 759351604 13,466 169,111 SH   SOLE   169,111 0 0
CIA Saneamento Basico De - ADR COM 20441A102 4,261 460,180 SH   SOLE   460,180 0 0
Select Medical Holdings Corp. COM 81619Q105 13,364 1,073,402 SH   SOLE   1,073,402 0 0
Shinhan Financial Group - ADR COM 824596100 2,911 66,226 SH   SOLE   66,226 0 0
Siemens AG-ADR COM 826197501 3,522 26,058 SH   SOLE   26,058 0 0
Smith & Nephew PLC - ADR COM 83175M205 4,124 53,925 SH   SOLE   53,925 0 0
Sanofi - ADR COM 80105N105 5,174 98,963 SH   SOLE   98,963 0 0
Sasol Ltd. - ADR COM 803866300 1,771 31,699 SH   SOLE   31,699 0 0
State Street Corp. COM 857477103 16,614 238,875 SH   SOLE   238,875 0 0
Stanley Black & Decker Inc. COM 854502101 9,436 116,150 SH   SOLE   116,150 0 0
Molson Coors Brewing Co. - B COM 60871R209 7,538 128,061 SH   SOLE   128,061 0 0
Teradata Corp. COM 88076W103 12,115 246,295 SH   SOLE   246,295 0 0
Tidewater Inc. COM 886423102 13,183 271,146 SH   SOLE   271,146 0 0
Teva Pharmaceutical - ADR COM 881624209 19,076 361,011 SH   SOLE   361,011 0 0
Toyota Motor Corp. - ADR COM 892331307 2,470 21,877 SH   SOLE   21,877 0 0
Tupperware Brands Corp. COM 899896104 14,544 173,634 SH   SOLE   173,634 0 0
U.S. Bancorp. COM 902973304 409 9,553 SH   SOLE   9,553 0 0
United Technologies Corp. COM 913017109 606 5,185 SH   SOLE   5,185 0 0
Telefonica Brasil SA - ADR COM 87936R106 10,699 503,696 SH   SOLE   503,696 0 0
Walgreen Co. COM 931422109 17,804 269,632 SH   SOLE   269,632 0 0
Wells Fargo Co. COM 949746101 369 7,421 SH   SOLE   7,421 0 0
Wal-Mart Stores Inc. COM 931142103 1,525 19,950 SH   SOLE   19,950 0 0
Exxon Mobil Corp. COM 30231G102 1,087 11,131 SH   SOLE   11,131 0 0