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
AT&T Inc Com COM 00206R102 11,427 349,991 SH   SOLE   91,235 0 258,756
AbbVie Inc COM 00287y109 22,146 378,304 SH   SOLE   48,992 0 329,312
Acco Brands Corp COM 00081T108 17,981 2,163,761 SH   SOLE   1,412,412 0 751,349
Actuant Corp-A COM 00508X203 5,396 227,305 SH   SOLE   148,138 0 79,167
Addus Homecare Corp COM 006739106 274 11,885 SH   SOLE   7,644 0 4,241
Adtran Inc COM 00738A106 25,691 1,376,057 SH   SOLE   897,299 0 478,758
Aetna COM 00817Y108 19,892 186,725 SH   SOLE   27,879 0 158,846
Air Transport Services Group I COM 00922R105 21,839 2,368,636 SH   SOLE   1,544,577 0 824,059
Allete COM 018522300 61,964 1,174,449 SH   SOLE   643,702 0 530,747
American Airlines COM 02376R102 10,544 199,777 SH   SOLE   52,056 0 147,721
American Equity Invt Lifehldg COM 025676206 19,096 655,548 SH   SOLE   427,775 0 227,773
American Intl Group Inc Com COM 026874784 21,491 392,237 SH   SOLE   57,576 0 334,661
American Vanguard Corp COM 030371108 821 77,344 SH   SOLE   49,746 0 27,598
Anika Therapeutics Inc COM 035255108 30,438 739,324 SH   SOLE   482,128 0 257,196
Anixter International Inc COM 035290105 34,104 447,977 SH   SOLE   292,239 0 155,738
Apple Computer Inc COM 037833100 22,411 180,113 SH   SOLE   20,189 0 159,924
Ares Cap Corp Com COM 04010L103 52,591 3,062,965 SH   SOLE   1,998,771 0 1,064,194
Ascena Retail Group Inc COM 04351G101 10,734 739,748 SH   SOLE   482,621 0 257,127
Atwood Oceanic Inc COM 050095108 24,000 853,799 SH   SOLE   520,294 0 333,505
BBCN Bancorp Inc COM 073295107 36,528 2,524,392 SH   SOLE   1,647,961 0 876,431
Banco Do Brasil SA ADR COM 059578104 446 62,333 SH   SOLE   62,333 0 0
Bank of America Corp COM 060505104 22,936 1,490,301 SH   SOLE   199,706 0 1,290,595
Bankunited Inc COM 06652K103 55,781 1,703,756 SH   SOLE   1,111,747 0 592,009
Black Box Corp Del Com COM 091826107 20,199 965,053 SH   SOLE   625,874 0 339,179
Blackstone Group LP COM 09253U108 14,541 373,904 SH   SOLE   97,394 0 276,510
Brady Corp COM 104674106 636 22,494 SH   SOLE   14,468 0 8,026
Brink's Company (The) COM 109696104 19,872 719,202 SH   SOLE   469,379 0 249,823
Cbiz COM 124805102 29,157 3,125,050 SH   SOLE   2,036,342 0 1,088,708
Chevron Corporation Com COM 166764100 14,141 134,700 SH   SOLE   33,872 0 100,828
Cincinnati Bell Inc COM 171871106 532 150,572 SH   SOLE   96,858 0 53,714
Cisco Systems Inc COM 17275R102 12,116 440,197 SH   SOLE   114,877 0 325,320
Computer Programs & Systems COM 205306103 1,017 18,736 SH   SOLE   12,051 0 6,685
Crocs Inc COM 227046109 11,521 975,567 SH   SOLE   636,573 0 338,994
Cts COM 126501105 16,052 892,296 SH   SOLE   581,839 0 310,457
DSW Inc. COM 23334L102 24,470 663,498 SH   SOLE   432,803 0 230,695
Deluxe Corp COM 248019101 24,984 360,619 SH   SOLE   235,389 0 125,230
Du Pont Ei De Nem COM 263534109 8,633 120,796 SH   SOLE   31,527 0 89,269
East West Bancorp COM 27579R104 45,631 1,127,797 SH   SOLE   735,951 0 391,846
Eaton Corporation COM g29183103 11,445 168,453 SH   SOLE   0 0 168,453
Encore Capital Group Inc COM 292554102 48,891 1,175,537 SH   SOLE   767,518 0 408,019
Enersys COM 29275Y102 34,678 539,823 SH   SOLE   352,042 0 187,781
Ennis COM 293389102 11,784 834,592 SH   SOLE   540,742 0 293,850
Ensco PLC COM G3157S106 2,543 120,697 SH   SOLE   99,409 0 21,288
Exact Sciences Corp COM 30063P105 538 24,423 SH   SOLE   15,708 0 8,715
Express Inc Ord COM 30219E103 11,613 702,527 SH   SOLE   458,591 0 243,936
F N B Corp Pa Com COM 302520101 29,659 2,257,141 SH   SOLE   1,471,265 0 785,876
FBL Financial Group COM 30239F106 10,667 172,016 SH   SOLE   112,260 0 59,756
FTI Consulting Inc Com COM 302941109 14,093 376,211 SH   SOLE   245,744 0 130,467
Fifth Street Finance COM 31678A103 14,989 2,053,291 SH   SOLE   1,338,578 0 714,713
Finish Line Inc. COM 317923100 24,121 983,724 SH   SOLE   641,641 0 342,083
First Potomac REIT COM 33610F109 21,426 1,802,035 SH   SOLE   1,173,174 0 628,861
FirstMerit Corp COM 337915102 47,411 2,487,462 SH   SOLE   1,623,938 0 863,524
Franklin Electric COM 353514102 20,041 525,467 SH   SOLE   343,073 0 182,394
Freightcar America Inc COM 357023100 1,185 37,711 SH   SOLE   24,256 0 13,455
Gain Capital Holdings COM 36268W100 20,159 2,063,349 SH   SOLE   1,347,374 0 715,975
General Elec Co Com COM 369604103 14,688 592,032 SH   SOLE   154,235 0 437,797
General Motors COM 37045V100 25,838 689,021 SH   SOLE   69,936 0 619,085
Genesco COM 371532102 46,218 648,861 SH   SOLE   423,253 0 225,608
Gold Resource Corp COM 38068T105 201 63,098 SH   SOLE   40,583 0 22,515
Graftech Intl COM 384313102 13,442 3,455,595 SH   SOLE   2,255,161 0 1,200,434
Greif Inc COM 397624107 23,398 595,824 SH   SOLE   388,705 0 207,119
Gulfmark Offshore Inc COM 402629208 6,921 530,779 SH   SOLE   345,973 0 184,806
HCC Insurance Hldgs Inc Com COM 404132102 28,596 504,600 SH   SOLE   329,294 0 175,306
Halliburton Co COM 406216101 20,998 478,523 SH   SOLE   54,475 0 424,048
Hancock Hldg COM 410120109 24,157 809,006 SH   SOLE   527,912 0 281,094
Hanover Insurance Group COM 410867105 26,325 362,698 SH   SOLE   236,662 0 126,036
Harte-Hanks COM 416196103 289 37,020 SH   SOLE   23,811 0 13,209
Hearland Financial USA Inc COM 42234Q102 494 15,144 SH   SOLE   9,742 0 5,402
Hersha Hosp Trust COM 427825104 47,951 7,411,227 SH   SOLE   4,835,562 0 2,575,665
Hill Rom Holdings COM 431475102 29,260 597,151 SH   SOLE   389,553 0 207,598
Houston Wire & Cable Co COM 44244K109 509 52,332 SH   SOLE   33,668 0 18,664
Hyster-Yale Materials COM 449172105 857 11,693 SH   SOLE   7,521 0 4,172
Iconix Brand Group Inc COM 451055107 8,815 261,816 SH   SOLE   170,845 0 90,971
Ingram Micro Inc COM 457153104 68,155 2,713,164 SH   SOLE   1,422,682 0 1,290,482
Integrated Silicon Solution In COM 45812P107 7,651 427,662 SH   SOLE   279,014 0 148,648
International Paper COM 460146103 12,435 224,088 SH   SOLE   58,414 0 165,674
Istar Financial Inc COM 45031U101 43,023 3,309,454 SH   SOLE   2,161,757 0 1,147,697
JPMorgan Chase & Co Com COM 46625H100 11,240 185,544 SH   SOLE   48,530 0 137,014
Janus Capital Group Inc COM 47102X105 16,974 987,456 SH   SOLE   644,057 0 343,399
Johnson & Johnson Com COM 478160104 13,795 137,125 SH   SOLE   35,709 0 101,416
Johnson Controls Inc COM 478366107 26,140 518,249 SH   SOLE   58,780 0 459,469
KT Corp ADR COM 48268K101 3,674 280,903 SH   SOLE   185,406 0 95,497
Kaiser Aluminum COM 483007704 37,848 492,235 SH   SOLE   321,528 0 170,707
Knowles Corporation COM 49926D109 23,974 1,244,085 SH   SOLE   811,892 0 432,193
Koppers Holdings Inc COM 50060P106 13,600 691,033 SH   SOLE   450,880 0 240,153
Korn/Ferry International COM 500643200 44,994 1,368,851 SH   SOLE   893,489 0 475,362
Kraft Foods Group Inc COM 50076q106 19,240 220,861 SH   SOLE   28,269 0 192,592
Kulicke & Soffa Ind COM 501242101 988 63,201 SH   SOLE   40,660 0 22,541
LTC Properties Inc COM 502175102 550 11,948 SH   SOLE   7,685 0 4,263
Lannett Co Inc COM 516012101 528 7,795 SH   SOLE   5,014 0 2,781
Lasalle Hotel Pptys COM 517942108 55,438 1,426,606 SH   SOLE   930,471 0 496,135
Lexmark Int'l Group Inc COM 529771107 622 14,682 SH   SOLE   9,443 0 5,239
Lincoln Natl Corp Ind Com COM 534187109 6,580 114,516 SH   SOLE   29,831 0 84,685
Lukoil OAO ADR COM 677862104 522 11,360 SH   SOLE   11,360 0 0
Manning & Napier Inc COM 56382Q102 679 52,183 SH   SOLE   33,563 0 18,620
Medical Properties COM 58463J304 37,458 2,541,215 SH   SOLE   1,658,451 0 882,764
Merck & Co COM 58933Y105 24,979 434,562 SH   SOLE   59,278 0 375,284
Metlife Inc COM 59156R108 11,006 217,722 SH   SOLE   44,957 0 172,765
Morgan Stanley COM 617446448 11,304 316,739 SH   SOLE   82,514 0 234,225
Movado Group Inc COM 624580106 692 24,265 SH   SOLE   15,608 0 8,657
New Mountain Finance Corporati COM 647551100 24,635 1,687,309 SH   SOLE   1,101,486 0 585,823
New Senior Investment Group OR COM 648691103 15,368 924,119 SH   SOLE   603,508 0 320,611
Northwestern COM 668074305 255 4,736 SH   SOLE   3,056 0 1,680
Nu Skin Enterprises COM 67018T105 24,391 405,097 SH   SOLE   264,203 0 140,894
Oracle Corporation Com COM 68389X105 9,974 231,152 SH   SOLE   60,515 0 170,637
Orchids Paper Products Company COM 68572n104 623 23,124 SH   SOLE   14,873 0 8,251
Outerwall Inc. COM 690070107 55,819 844,201 SH   SOLE   550,761 0 293,440
Park Electrochemical Corp Com COM 700416209 19,194 890,270 SH   SOLE   579,048 0 311,222
Parkway Properties Inc. COM 70159Q104 1,198 69,070 SH   SOLE   45,069 0 24,001
Partner Communications ADR COM 70211M109 84 30,865 SH   SOLE   30,865 0 0
Pdl Biopharma Inc COM 69329Y104 12,162 1,728,817 SH   SOLE   1,128,030 0 600,787
Petroleo Brasileiro A ADR COM 71654V101 179 29,335 SH   SOLE   29,335 0 0
Pfizer Inc COM 717081103 10,328 296,854 SH   SOLE   77,412 0 219,442
Pharmerica Corp COM 71714F104 25,210 894,278 SH   SOLE   583,279 0 310,999
Pitney Bowes Inc COM 724479100 1,662 71,268 SH   SOLE   45,838 0 25,430
Plantronics Inc COM 727493108 10,775 203,495 SH   SOLE   132,624 0 70,871
Plexus Corp COM 729132100 20,622 505,806 SH   SOLE   330,086 0 175,720
Portland General Ele COM 736508847 63,814 1,720,521 SH   SOLE   1,123,711 0 596,810
Posco ADR COM 693483109 6,228 113,943 SH   SOLE   91,665 0 22,278
QLogic Corp COM 747277101 15,667 1,062,864 SH   SOLE   693,310 0 369,554
R.R. Donnelley & Sons Co. COM 257867101 31,146 1,623,014 SH   SOLE   1,058,387 0 564,627
Ramco-Gershenson Properties COM 751452202 19,951 1,072,620 SH   SOLE   722,050 0 350,570
Regal Beloit Corp COM 758750103 1,620 20,269 SH   SOLE   13,034 0 7,235
Rent-A-Center Inc New Com COM 76009N100 17,756 647,081 SH   SOLE   421,908 0 225,173
Rosetta Resources Inc COM 777779307 10,926 641,970 SH   SOLE   419,328 0 222,642
Ruth's Hospitality Group COM 783332109 24,118 1,518,736 SH   SOLE   990,765 0 527,971
Sanderson Farms COM 800013104 10,164 127,604 SH   SOLE   83,195 0 44,409
Scansource Inc COM 806037107 33,665 828,179 SH   SOLE   540,546 0 287,633
Schlumberger Ltd COM 806857108 1,232 14,765 SH   SOLE   14,765 0 0
Select Comfort Corporation COM 81616X103 10,124 293,703 SH   SOLE   191,617 0 102,086
Skywest COM 830879102 5,394 369,217 SH   SOLE   240,801 0 128,416
Sonic Automotive Inc. COM 83545G102 38,522 1,547,051 SH   SOLE   1,009,058 0 537,993
Sonoco Products COM 835495102 23,756 522,573 SH   SOLE   340,337 0 182,236
Sotheby's Holdings COM 835898107 998 23,606 SH   SOLE   15,183 0 8,423
SpartanNash Co COM 847215100 28,115 890,844 SH   SOLE   581,292 0 309,552
Standard & Poors Dep Recpt COM 78462F103 8,023 38,867 SH   SOLE   0 0 38,867
State Street Corp COM 857477103 7,352 99,985 SH   SOLE   26,049 0 73,936
Stepan Co COM 858586100 1,056 25,341 SH   SOLE   16,302 0 9,039
Steris Corporation COM 859152100 392 5,580 SH   SOLE   3,589 0 1,991
Stewart Information Services COM 860372101 27,695 681,470 SH   SOLE   444,046 0 237,424
Stifel Financial Corp COM 860630102 23,059 413,618 SH   SOLE   269,917 0 143,701
Stone Energy COM 861642106 1,049 71,442 SH   SOLE   46,429 0 25,013
Teletech Holdings COM 879939106 703 27,623 SH   SOLE   17,766 0 9,857
Teradyne Inc COM 880770102 29,833 1,582,644 SH   SOLE   1,033,066 0 549,578
Ternium SA ADR COM 880890108 3,199 177,011 SH   SOLE   84,972 0 92,039
Tetra Tech COM 88162G103 28,447 1,184,317 SH   SOLE   773,065 0 411,252
The Hospitalists COM 44984A105 14,734 315,918 SH   SOLE   205,927 0 109,991
Thor Industries Inc COM 885160101 11,319 179,069 SH   SOLE   116,834 0 62,235
Tidewater COM 886423102 15,421 805,718 SH   SOLE   526,108 0 279,610
Triangle Petroleum Corp COM 89600b201 9,972 1,982,590 SH   SOLE   1,295,002 0 687,588
Tribune Publishing Company COM 896082104 825 42,525 SH   SOLE   27,351 0 15,174
Trimas Corporation COM 896215209 55,809 1,812,562 SH   SOLE   1,183,022 0 629,540
Triumph Group Inc COM 896818101 52,595 880,691 SH   SOLE   560,777 0 319,914
Trustmark Corp COM 898402102 32,692 1,346,478 SH   SOLE   878,768 0 467,710
UTi Worldwide ORD COM G87210103 11,195 910,186 SH   SOLE   657,381 0 252,805
Validus Holdings COM G9319H102 36,227 860,494 SH   SOLE   550,209 0 310,285
Verizon Communications COM 92343V104 5,821 119,700 SH   SOLE   31,202 0 88,498
Vishay Intertechnology Inc COM 928298108 31,660 2,290,913 SH   SOLE   1,494,098 0 796,815
Waddell & Reed Finl Inc Cl A COM 930059100 19,267 388,914 SH   SOLE   253,832 0 135,082
Woodward Inc COM 980745103 45,586 893,664 SH   SOLE   583,707 0 309,957
World Acceptance COM 981419104 43,815 600,869 SH   SOLE   391,998 0 208,871
Rona Inc ORD COM 2037288 363 28,363 SH   SOLE   28,363 0 0
Sherritt International ORD COM 2804158 117 70,780 SH   SOLE   70,780 0 0
Sinotrans Shipping ORD COM B290QS4 4,764 20,517,793 SH   SOLE   12,186,564 0 8,331,229
Xtep International Holdings COM B2RJYH8 1,502 4,833,442 SH   SOLE   2,137,966 0 2,695,476
Alfresa Holdings Corp ORD COM 6687214 1,883 133,233 SH   SOLE   81,016 0 52,217
Duskin Ltd ORD COM B1GVJ73 12,569 724,668 SH   SOLE   420,187 0 304,481
Dydo Drinco ORD COM 6374992 6,834 169,861 SH   SOLE   105,231 0 64,630
Kato Sangyo Co ORD COM 6484181 12,358 594,486 SH   SOLE   323,800 0 270,686
MS&AD Insurance Group Holdings COM B2Q4CS1 426 15,158 SH   SOLE   15,158 0 0
Sankyo Co NPV COM 6775432 13,162 369,225 SH   SOLE   219,315 0 149,910
Toyo Engineering ORD COM 6899718 3,921 1,497,409 SH   SOLE   760,759 0 736,650
Yodogawa Steel Works ORD COM 6986364 6,657 1,677,070 SH   SOLE   1,104,326 0 572,744
GS Home Shopping INC ORD COM 6204828 6,603 32,986 SH   SOLE   18,021 0 14,965
Hyundai Heavy Industries ORD COM 6446620 1,151 10,469 SH   SOLE   10,469 0 0
Hyundai Mipo Dockyard ORD COM 6451066 7,132 103,846 SH   SOLE   61,914 0 41,932
Industrial Bank of Korea ORD COM 6462972 3,060 254,292 SH   SOLE   139,740 0 114,552
KB Financial ORD COM B3DF0Y6 283 8,000 SH   SOLE   8,000 0 0
KT Corp ORD COM 6505316 5,788 221,429 SH   SOLE   143,234 0 78,195
Korea Electric Power Corp ORD COM 6495730 396 9,540 SH   SOLE   9,540 0 0
Kwangju Bank ORD COM BJVDZB6 114 15,367 SH   SOLE   9,205 0 6,162
Kyongnam Bank ORD COM BJVDZD8 198 23,489 SH   SOLE   14,073 0 9,416
Posco ORD COM 6693233 304 1,381 SH   SOLE   928 0 453
Woori Bank ORD COM BSP5RP9 235 27,780 SH   SOLE   27,780 0 0
Grupo Simec SAB-B ORD COM 2375546 2,859 1,044,585 SH   SOLE   596,311 0 448,274
Aegon NV ORD COM 5927375 9,096 1,152,450 SH   SOLE   727,927 0 424,523
ArcelorMittal ORD COM B03XPL1 2,423 257,054 SH   SOLE   196,605 0 60,449
Bouygues SA ORD COM 4002121 7,568 192,849 SH   SOLE   108,678 0 84,171
Buzzi Unicem SpA RSP ORD COM 5782284 14,375 1,522,689 SH   SOLE   918,322 0 604,367
CIR SpA ORD COM 4162371 11,617 9,969,040 SH   SOLE   6,087,863 0 3,881,177
Commerzbank ORD COM B90LKT4 3,440 249,281 SH   SOLE   188,491 0 60,790
Danieli & Co RSP ORD COM 4253372 16,490 993,129 SH   SOLE   579,645 0 413,484
Groupe Bruxelles Lambert SA OR COM 7097328 450 5,431 SH   SOLE   5,431 0 0
Intesa Sanpaolo SpA-Rsp ORD COM 4076847 145 46,548 SH   SOLE   46,548 0 0
Italcementi SpA ORD COM 5975932 8,806 1,104,266 SH   SOLE   630,979 0 473,287
Nexans SA ORD COM 7130836 6,901 204,759 SH   SOLE   157,686 0 47,073
Nexity SA ORD COM B037JC2 3,607 86,295 SH   SOLE   53,751 0 32,544
Salzgitter AG ORD COM 5465358 4,527 155,612 SH   SOLE   98,023 0 57,589
Saras SpA ORD COM B04F679 8,183 4,712,144 SH   SOLE   2,831,200 0 1,880,944
TNT Express NV ORD COM B3Y0JD2 12,200 1,918,527 SH   SOLE   1,466,376 0 452,151
Television Francaise ORD COM 5997118 428 24,177 SH   SOLE   24,177 0 0
Wienerberger AG ORD COM 5699373 3,096 193,837 SH   SOLE   91,210 0 102,627
Barclays PLC ORD COM 3134865 547 151,809 SH   SOLE   151,809 0 0
Debenhams PLC ORD COM B126KH9 15,726 14,068,005 SH   SOLE   8,580,543 0 5,487,462
Sainsbury PLC ORD COM B019KW7 21,327 5,542,687 SH   SOLE   3,596,415 0 1,946,272
WM Morrison PLC ORD COM 0604316 19,989 6,958,745 SH   SOLE   4,352,396 0 2,606,349
Modern Times Group ORD COM B151P43 10,895 355,355 SH   SOLE   195,771 0 159,584
Oriflame Cosmetics SA ORD COM B00G256 6,376 476,063 SH   SOLE   343,769 0 132,294
Metcash Ltd Ord COM B0744W4 3,749 3,166,246 SH   SOLE   1,750,083 0 1,416,163
Oz Minerals ORD COM 6397825 9,463 3,143,856 SH   SOLE   1,844,577 0 1,299,279
WorleyParsons ORD COM 6562474 6,979 956,635 SH   SOLE   618,381 0 338,254
D/S Norden ORD COM B1WP656 16,031 750,912 SH   SOLE   422,271 0 328,641
Centrais Electricas Brasilier COM 2311120 317 176,081 SH   SOLE   176,081 0 0
Cia Saneamento Basico De Sp OR COM B1YCHL8 203 36,700 SH   SOLE   25,164 0 11,536
Cia Saneamento Minas Gerais OR COM B0YBZJ2 4,484 774,637 SH   SOLE   453,124 0 321,513
Subsea 7 SA ORD COM 5258246 4,976 578,263 SH   SOLE   359,674 0 218,589