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
AAR Corporation COM 000361105 1,056 43,733 SH   SOLE   27,942 0 15,791
AT&T Inc Com COM 00206R102 9,476 268,899 SH   SOLE   57,956 0 210,943
AbbVie Inc COM 00287y109 9,651 167,081 SH   SOLE   36,018 0 131,063
Acco Brands Corp COM 00081T108 20,275 2,938,458 SH   SOLE   1,991,097 0 947,361
Adtran Inc COM 00738A106 19,487 949,208 SH   SOLE   640,560 0 308,648
Aetna COM 00817Y108 16,391 202,362 SH   SOLE   33,320 0 169,042
Air Transport Services Group I COM 00922R105 18,815 2,584,537 SH   SOLE   1,753,773 0 830,764
American Airlines COM 02376R102 10,247 288,813 SH   SOLE   62,218 0 226,595
American Equity Invt Lifehldg COM 025676206 17,450 762,659 SH   SOLE   515,743 0 246,916
American Intl Group Inc Com COM 026874784 20,767 384,440 SH   SOLE   68,797 0 315,643
American Software Inc COM 029683109 11,085 1,256,847 SH   SOLE   852,517 0 404,330
Amsurg COM 03232P405 20,018 399,969 SH   SOLE   270,923 0 129,046
Anixter International Inc COM 035290105 22,549 265,784 SH   SOLE   179,612 0 86,172
Apple Computer Inc COM 037833100 21,864 217,008 SH   SOLE   34,595 0 182,413
Ares Cap Corp Com COM 04010L103 50,620 3,132,437 SH   SOLE   2,121,114 0 1,011,323
Argo Group Intl ORD COM 2499543 445 8,847 SH   SOLE   8,847 0 0
Ascena Retail Group Inc COM 04351G101 41,185 3,096,633 SH   SOLE   2,099,097 0 997,536
Atwood Oceanic Inc COM 050095108 36,634 838,490 SH   SOLE   522,588 0 315,902
BBCN Bancorp Inc COM 073295107 32,174 2,205,199 SH   SOLE   1,495,130 0 710,069
Baker Hughes Inc COM 057224107 12,253 188,339 SH   SOLE   40,592 0 147,747
Banco Do Brasil SA ADR COM 059578104 650 62,333 SH   SOLE   62,333 0 0
Bank of America Corp COM 060505104 20,814 1,220,782 SH   SOLE   214,864 0 1,005,918
Bankunited Inc COM 06652K103 29,418 964,853 SH   SOLE   654,134 0 310,719
Bio-Reference Labs Inc COM 09057G602 1,199 42,717 SH   SOLE   27,297 0 15,420
Black Box Corp Del Com COM 091826107 24,702 1,059,264 SH   SOLE   713,287 0 345,977
Blackstone Group LP COM 09253U108 17,007 540,237 SH   SOLE   116,402 0 423,835
Brady Corp COM 104674106 1,391 61,973 SH   SOLE   39,617 0 22,356
CACI Intl COM 127190304 26,348 369,692 SH   SOLE   250,568 0 119,124
Cash America Int'l COM 14754D100 480 10,961 SH   SOLE   7,013 0 3,948
Cbiz COM 124805102 28,194 3,582,440 SH   SOLE   2,424,050 0 1,158,390
Chevron Corporation Com COM 166764100 16,086 134,815 SH   SOLE   29,059 0 105,756
Cincinnati Bell Inc COM 171871106 559 165,827 SH   SOLE   105,991 0 59,836
Cisco Systems Inc COM 17275R102 10,880 432,241 SH   SOLE   93,162 0 339,079
Citigroup Inc Com COM 172967424 13,829 266,871 SH   SOLE   57,508 0 209,363
Crocs Inc COM 227046109 21,177 1,683,418 SH   SOLE   1,139,544 0 543,874
Cts COM 126501105 15,455 972,596 SH   SOLE   659,615 0 312,981
DSW Inc. COM 23334L102 19,606 651,155 SH   SOLE   439,688 0 211,467
Deluxe Corp COM 248019101 32,386 587,134 SH   SOLE   398,028 0 189,106
Du Pont Ei De Nem COM 263534109 12,553 174,932 SH   SOLE   37,681 0 137,251
Duke Energy Corp New Com COM 26441C204 14,113 188,752 SH   SOLE   40,674 0 148,078
East West Bancorp COM 27579R104 47,208 1,388,463 SH   SOLE   941,356 0 447,107
Eaton Corporation COM g29183103 2,961 46,732 SH   SOLE   0 0 46,732
Encore Capital Group Inc COM 292554102 24,954 563,165 SH   SOLE   381,670 0 181,495
Enersys COM 29275Y102 37,188 634,173 SH   SOLE   428,992 0 205,181
Ennis COM 293389102 12,082 917,396 SH   SOLE   615,810 0 301,586
Ensco International Inc COM G3157S106 13,963 338,011 SH   SOLE   72,849 0 265,162
Ethan Allen Interiors Inc COM 297602104 1,517 66,546 SH   SOLE   42,521 0 24,025
F N B Corp Pa Com COM 302520101 28,806 2,402,504 SH   SOLE   1,627,362 0 775,142
FBL Financial Group COM 30239F106 9,959 222,803 SH   SOLE   150,176 0 72,627
FTI Consulting Inc Com COM 302941109 37,997 1,086,875 SH   SOLE   736,816 0 350,059
Fedex Corp Com COM 31428X106 16,334 101,169 SH   SOLE   17,100 0 84,069
Fifth Street Finance COM 31678A103 16,313 1,777,059 SH   SOLE   1,198,609 0 578,450
Finish Line Inc. COM 317923100 20,009 799,408 SH   SOLE   540,288 0 259,120
First Niagara Financial Group COM 33582V108 39,404 4,730,327 SH   SOLE   3,203,078 0 1,527,249
First Potomac REIT COM 33610F109 22,358 1,902,830 SH   SOLE   1,284,832 0 617,998
FirstMerit Corp COM 337915102 40,445 2,298,035 SH   SOLE   1,557,970 0 740,065
Franklin Electric COM 353514102 13,276 382,148 SH   SOLE   259,077 0 123,071
Gain Capital Holdings COM 36268W100 11,342 1,780,476 SH   SOLE   1,206,871 0 573,605
General Elec Co Com COM 369604103 23,110 902,023 SH   SOLE   161,768 0 740,255
General Motors COM 37045V100 16,781 525,388 SH   SOLE   81,655 0 443,733
Genesco COM 371532102 27,182 363,642 SH   SOLE   246,303 0 117,339
Gentex COM 371901109 2,011 75,139 SH   SOLE   48,023 0 27,116
Glatfelter COM 377316104 5,858 266,891 SH   SOLE   180,983 0 85,908
Graftech Intl COM 384313102 17,203 3,756,206 SH   SOLE   2,545,962 0 1,210,244
Greif Inc COM 397624107 26,841 612,668 SH   SOLE   414,566 0 198,102
Gulfmark Offshore inc COM 402629208 17,842 569,115 SH   SOLE   384,476 0 184,639
HCC Insurance Hldgs Inc Com COM 404132102 32,166 666,097 SH   SOLE   451,293 0 214,804
Haemonetics Corp COM 405024100 242 6,928 SH   SOLE   4,424 0 2,504
Hancock Hldg COM 410120109 25,584 798,249 SH   SOLE   540,746 0 257,503
Hanover Insurance Group COM 410867105 26,330 428,683 SH   SOLE   290,563 0 138,120
Harte-Hanks COM 416196103 523 82,073 SH   SOLE   52,435 0 29,638
Hawaiian Electric COM 419870100 57,557 2,167,872 SH   SOLE   1,391,064 0 776,808
Hearland Financial USA Inc COM 42234Q102 466 19,499 SH   SOLE   12,455 0 7,044
Hersha Hosp Trust COM 427825104 55,698 8,743,796 SH   SOLE   5,917,678 0 2,826,118
Hill Rom Holdings COM 431475102 41,954 1,012,637 SH   SOLE   685,744 0 326,893
Houston Wire & Cable Co COM 44244K109 619 51,663 SH   SOLE   32,992 0 18,671
Hyster-Yale Materials COM 449172105 766 10,693 SH   SOLE   6,842 0 3,851
Iconix Brand Group Inc COM 451055107 31,135 842,848 SH   SOLE   571,366 0 271,482
Ingram Micro Inc COM 457153104 43,673 1,692,094 SH   SOLE   932,696 0 759,398
Integrated Silicon Solution In COM 45812P107 16,326 1,188,219 SH   SOLE   804,383 0 383,836
International Paper COM 460146103 10,507 220,082 SH   SOLE   47,438 0 172,644
Istar Financial Inc COM 45031U101 26,306 1,948,625 SH   SOLE   1,320,779 0 627,846
JPMorgan Chase & Co Com COM 46625H100 14,345 238,135 SH   SOLE   51,314 0 186,821
Janus Capital Group Inc COM 47102X105 15,547 1,069,225 SH   SOLE   722,393 0 346,832
Johnson & Johnson Com COM 478160104 21,110 198,044 SH   SOLE   42,677 0 155,367
Johnson Controls Inc COM 478366107 18,714 425,319 SH   SOLE   70,981 0 354,338
KT Corp ADR COM 48268K101 2,129 131,331 SH   SOLE   109,848 0 21,483
Kaiser Aluminum COM 483007704 37,198 488,039 SH   SOLE   330,936 0 157,103
Kindred Healthcare Inc COM 494580103 12,132 625,385 SH   SOLE   423,944 0 201,441
Koppers Holdings Inc COM 50060P106 8,331 251,247 SH   SOLE   169,440 0 81,807
Korn/Ferry International COM 500643200 32,459 1,303,566 SH   SOLE   881,982 0 421,584
Kroger Co Com COM 501044101 13,259 254,988 SH   SOLE   54,940 0 200,048
Kulicke & Soffa Ind COM 501242101 1,158 81,359 SH   SOLE   51,975 0 29,384
LTC Properties Inc COM 502175102 1,594 43,203 SH   SOLE   27,601 0 15,602
Lasalle Hotel Pptys COM 517942108 49,858 1,456,132 SH   SOLE   985,417 0 470,715
Leapfrog Enterprises Inc COM 52186N106 19,039 3,178,535 SH   SOLE   2,154,923 0 1,023,612
Lexmark Int'l Group Inc COM 529771107 960 22,595 SH   SOLE   14,442 0 8,153
Lincoln Natl Corp Ind Com COM 534187109 8,866 165,469 SH   SOLE   35,653 0 129,816
Lukoil OAO ADR COM 677862104 578 11,360 SH   SOLE   11,360 0 0
Medical Properties COM 58463J304 26,405 2,153,768 SH   SOLE   1,456,045 0 697,723
Merck & Co COM 58933Y105 17,487 294,992 SH   SOLE   47,177 0 247,815
Metlife Inc COM 59156R108 17,222 320,580 SH   SOLE   54,583 0 265,997
Morgan Stanley COM 617446448 15,821 457,653 SH   SOLE   98,613 0 359,040
National Oilwell Varco Inc COM 637071101 14,609 191,972 SH   SOLE   31,108 0 160,864
New Mountain Finance Corporati COM 647551100 17,378 1,182,975 SH   SOLE   801,927 0 381,048
Northwestern COM 668074305 425 9,376 SH   SOLE   5,996 0 3,380
Nu Skin Enterprises COM 67018T105 68,147 1,513,365 SH   SOLE   1,024,537 0 488,828
Oi SA ADR COM 670851203 33 46,894 SH   SOLE   46,894 0 0
Omega Healthcare Inv COM 681936100 18,897 552,707 SH   SOLE   373,911 0 178,796
Oplink Communications Inc COM 68375Q403 25,479 1,514,811 SH   SOLE   1,026,608 0 488,203
Oracle Corporation Com COM 68389X105 9,645 251,970 SH   SOLE   54,296 0 197,674
Orchids Paper Products Company COM 68572n104 276 11,254 SH   SOLE   7,198 0 4,056
Park Electrochemical Corp Com COM 700416209 23,001 976,671 SH   SOLE   659,505 0 317,166
Partner Communications ADR COM 70211M109 218 30,865 SH   SOLE   30,865 0 0
Pdl Biopharma Inc COM 69329Y104 253 33,802 SH   SOLE   21,614 0 12,188
Petroleo Brasileiro A ADR COM 71654V101 437 29,335 SH   SOLE   29,335 0 0
Pfizer Inc COM 717081103 12,648 427,717 SH   SOLE   92,153 0 335,564
Pitney Bowes Inc COM 724479100 388 15,515 SH   SOLE   9,910 0 5,605
Plantronics Inc COM 727493108 11,339 237,308 SH   SOLE   160,902 0 76,406
Plexus Corp COM 729132100 11,493 311,202 SH   SOLE   210,095 0 101,107
Portland General Ele COM 736508847 59,362 1,848,147 SH   SOLE   1,252,871 0 595,276
Posco ADR COM 693483109 5,620 74,049 SH   SOLE   68,749 0 5,300
QLogic Corp COM 747277101 13,323 1,454,497 SH   SOLE   983,157 0 471,340
R.R. Donnelley & Sons Co. COM 257867101 18,820 1,143,402 SH   SOLE   772,334 0 371,068
RPM International Inc COM 749685103 12,717 277,775 SH   SOLE   188,346 0 89,429
Ramco-Gershenson Properties COM 751452202 18,852 1,160,151 SH   SOLE   806,759 0 353,392
Regal Beloit Corp COM 758750103 1,489 23,175 SH   SOLE   14,819 0 8,356
Rent-A-Center Inc New Com COM 76009N100 38,608 1,272,081 SH   SOLE   862,169 0 409,912
Rosetta Resources Inc COM 777779307 24,646 553,106 SH   SOLE   375,010 0 178,096
Ruth's Hospitality Group COM 783332109 18,249 1,652,954 SH   SOLE   1,120,683 0 532,271
Scansource Inc COM 806037107 31,138 900,195 SH   SOLE   610,209 0 289,986
Select Comfort Corporation COM 81616X103 45,824 2,190,443 SH   SOLE   1,485,678 0 704,765
Skywest COM 830879102 8,282 1,064,494 SH   SOLE   719,190 0 345,304
Sonic Automotive Inc. COM 83545G102 41,636 1,698,720 SH   SOLE   1,148,561 0 550,159
Sonoco Products COM 835495102 22,605 575,348 SH   SOLE   389,528 0 185,820
SpartanNash Co COM 847215100 21,732 1,117,338 SH   SOLE   755,151 0 362,187
State Street Corp COM 857477103 10,635 144,477 SH   SOLE   31,132 0 113,345
Stepan Co COM 858586100 1,205 27,148 SH   SOLE   17,355 0 9,793
Steris Corporation COM 859152100 1,617 29,966 SH   SOLE   19,146 0 10,820
Stewart Information Services COM 860372101 22,228 757,358 SH   SOLE   512,870 0 244,488
Stifel Financial Corp COM 860630102 22,623 482,466 SH   SOLE   326,862 0 155,604
Symmetry Medical COM 871546206 18,095 1,793,364 SH   SOLE   1,216,416 0 576,948
Teradyne Inc COM 880770102 31,295 1,613,959 SH   SOLE   1,091,093 0 522,866
Tetra Tech COM 88162G103 40,164 1,607,859 SH   SOLE   1,089,045 0 518,814
Thor Industries Inc COM 885160101 18,591 360,987 SH   SOLE   244,411 0 116,576
Tidewater COM 886423102 32,093 822,276 SH   SOLE   556,725 0 265,551
Triangle Petroleum Corp COM 89600b201 19,206 1,744,413 SH   SOLE   1,182,490 0 561,923
Trimas Corporation COM 896215209 44,545 1,830,865 SH   SOLE   1,240,851 0 590,014
Triumph Group Inc COM 896818101 36,828 566,148 SH   SOLE   382,505 0 183,643
Trustmark Corp COM 898402102 25,943 1,126,264 SH   SOLE   760,465 0 365,799
UTi Worldwide ORD COM G87210103 12,805 1,204,638 SH   SOLE   1,016,434 0 188,204
Validus Holdings COM G9319H102 32,799 837,986 SH   SOLE   558,831 0 279,155
Vishay Intertechnology Inc COM 928298108 17,268 1,208,414 SH   SOLE   815,143 0 393,271
Wellcare Healthcare Plans Inc COM 94946T106 28,264 468,412 SH   SOLE   317,184 0 151,228
Werner Enterprises Inc Com COM 950755108 19,520 774,611 SH   SOLE   525,385 0 249,226
Woodward Inc COM 980745103 32,343 679,198 SH   SOLE   460,406 0 218,792
World Acceptance COM 981419104 51,673 765,524 SH   SOLE   517,757 0 247,767
Rona Inc ORD COM 2037288 9,408 770,803 SH   SOLE   529,706 0 241,097
Sherritt International ORD COM 2804158 196 70,780 SH   SOLE   70,780 0 0
Chaoda Modern ORD COM 6313490 70 495,000 SH   SOLE   115,000 0 380,000
Sinotrans Shipping ORD COM B290QS4 5,738 20,627,392 SH   SOLE   13,295,192 0 7,332,200
Xtep International Holdings COM B2RJYH8 1,179 2,600,500 SH   SOLE   661,500 0 1,939,000
Alfresa Holdings Corp ORD COM 6687214 4,246 294,624 SH   SOLE   184,790 0 109,834
Central Glass ORD COM 6184306 550 155,449 SH   SOLE   549 0 154,900
Duskin Ltd ORD COM B1GVJ73 11,346 694,148 SH   SOLE   459,967 0 234,181
Dydo Drinco ORD COM 6374992 8,616 218,283 SH   SOLE   134,376 0 83,907
Kato Sangyo Co ORD COM 6484181 14,252 679,434 SH   SOLE   428,939 0 250,495
Keihin Corp ORD COM 6487328 5,255 397,859 SH   SOLE   279,332 0 118,527
MS&AD Insurance Group Holdings COM B2Q4CS1 6,663 305,479 SH   SOLE   204,948 0 100,531
Sankyo Co NPV COM 6775432 13,256 369,997 SH   SOLE   244,348 0 125,649
Toyo Engineering ORD COM 6899718 193 45,000 SH   SOLE   45,000 0 0
Toyota Boshoku Corporation ORD COM 6900591 675 64,426 SH   SOLE   0 0 64,426
Yodogawa Steel Works ORD COM 6986364 7,497 1,831,681 SH   SOLE   1,194,274 0 637,407
GS Home Shopping INC ORD COM 6204828 434 1,800 SH   SOLE   0 0 1,800
Hyundai Mipo Dockyard ORD COM 6451066 7,612 64,780 SH   SOLE   46,269 0 18,511
Industrial Bank of Korea ORD COM 6462972 370 24,460 SH   SOLE   24,460 0 0
KB Financial ORD COM B3DF0Y6 292 8,000 SH   SOLE   8,000 0 0
KT Corp ORD COM 6505316 9,082 279,423 SH   SOLE   201,228 0 78,195
Korea Electric Power Corp ORD COM 6495730 436 9,540 SH   SOLE   9,540 0 0
Kwangju Bank ORD COM BJVDZB6 183 18,177 SH   SOLE   12,015 0 6,162
Kyongnam Bank ORD COM BJVDZD8 311 27,779 SH   SOLE   18,363 0 9,416
Posco ORD COM 6693233 1,147 3,685 SH   SOLE   3,232 0 453
Woori Finance Holdings ORD COM 6534268 344 27,780 SH   SOLE   27,780 0 0
Aegon NV ORD COM 5927375 9,394 1,138,494 SH   SOLE   782,197 0 356,297
ArcelorMittal ORD COM B03XPL1 3,467 251,780 SH   SOLE   209,657 0 42,123
Bouygues SA ORD COM 4002121 13,302 410,297 SH   SOLE   275,818 0 134,479
Buzzi Unicem SpA RSP ORD COM 5782284 12,749 1,518,804 SH   SOLE   1,010,366 0 508,438
CIR SpA ORD COM 4162371 11,727 10,314,818 SH   SOLE   6,791,026 0 3,523,792
Commerzbank ORD COM B90LKT4 677 45,255 SH   SOLE   45,255 0 0
Danieli & Co RSP ORD COM 4253372 16,432 862,599 SH   SOLE   569,015 0 293,584
Eramet ORD COM 4017017 498 4,729 SH   SOLE   0 0 4,729
Finmeccanica SpA ORD COM B0DJNG0 2,554 262,382 SH   SOLE   164,807 0 97,575
Groupe Bruxelles Lambert SA OR COM 7097328 665 7,260 SH   SOLE   7,260 0 0
Intesa Sanpaolo SpA-Rsp ORD COM 4076847 125 46,548 SH   SOLE   46,548 0 0
Italcementi SpA ORD COM 5975932 6,771 1,055,132 SH   SOLE   653,704 0 401,428
Mediaset SpA ORD COM 5077946 5,509 1,434,419 SH   SOLE   955,655 0 478,764
Nexans SA ORD COM 7130836 9,371 249,776 SH   SOLE   170,388 0 79,388
Nexity SA ORD COM B037JC2 11,525 312,081 SH   SOLE   208,909 0 103,172
Salzgitter AG ORD COM 5465358 5,317 154,138 SH   SOLE   103,743 0 50,395
Saras SpA ORD COM B04F679 4,621 4,566,522 SH   SOLE   3,011,369 0 1,555,153
TNT Express NV ORD COM B3Y0JD2 9,584 1,513,169 SH   SOLE   1,268,025 0 245,144
Telecom Italia SpA RSP ORD COM 7634402 283 318,570 SH   SOLE   318,570 0 0
Television Francaise ORD COM 5997118 11,434 847,526 SH   SOLE   569,494 0 278,032
Veolia Environnement SA ORD COM 4031879 377 21,355 SH   SOLE   21,355 0 0
Wienerberger AG ORD COM 5699373 1,492 115,801 SH   SOLE   54,533 0 61,268
Swiss Life AG ORD COM 7437805 669 2,800 SH   SOLE   2,800 0 0
Barclays PLC ORD COM 3134865 1,245 337,592 SH   SOLE   270,832 0 66,760
Debenhams PLC ORD COM B126KH9 13,091 13,851,525 SH   SOLE   9,307,501 0 4,544,024
Royal Bank of Scotland ORD COM B7T7721 215 35,953 SH   SOLE   35,953 0 0
Sainsbury PLC ORD COM B019KW7 17,546 4,303,400 SH   SOLE   2,956,197 0 1,347,203
WM Morrison PLC ORD COM 0604316 18,540 6,795,163 SH   SOLE   4,656,591 0 2,138,572
Oriflame Cosmetics SA ORD COM B00G256 9,542 552,891 SH   SOLE   373,849 0 179,042
Oz Minerals ORD COM 6397825 10,269 3,024,575 SH   SOLE   1,969,243 0 1,055,332
D/S Norden ORD COM B1WP656 14,168 551,788 SH   SOLE   371,230 0 180,558
Cia Saneamento Minas Gerais OR COM B0YBZJ2 390 30,800 SH   SOLE   30,800 0 0