Convergence Investment Partners 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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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 Sp ADR	SPONSORED ADR	000375204	1,216	56,140	SH		SOLE	0	56,140	0	0
Abbvie Inc	COM	00287y109	299	7,227	SH		SOLE	0	7,227	0	0
Abercrombie & Fitch Co Cl A	CL A	002896207	1,698	37,522	SH		SOLE	0	37,522	0	0
Adidas AG ADR	ADR	00687a107	309	5,727	SH		SOLE	0	5,727	0	0
Aegon NV NY Reg Shs	NY REGISTRY SH	007924103	220	32,617	SH		SOLE	0	32,617	0	0
AES Corp	COM	00130h105	1,609	134,177	SH		SOLE	0	134,177	0	0
Aetna Inc	COM	00817y108	1,811	28,504	SH		SOLE	0	28,504	0	0
Aflac Inc	COM	001055102	5,680	97,732	SH		SOLE	0	97,732	0	0
AGCO Corp	COM	001084102	935	18,637	SH		SOLE	0	18,637	0	0
AGL Resources Inc	COM	001204106	1,907	44,495	SH		SOLE	0	44,495	0	0
Allianz SE Sp ADR	SPONSORED ADS	018805101	842	57,694	SH		SOLE	0	57,694	0	0
Altria Group Inc	COM	02209s103	1,902	54,348	SH		SOLE	0	54,348	0	0
Alumina Ltd Sp ADR	SPONSORED ADR	022205108	43	12,060	SH		SOLE	0	12,060	0	0
American Assets Tr Inc	COM	024013104	1,398	45,301	SH		SOLE	0	45,301	0	0
American Electric Power Inc	COM	025537101	629	14,049	SH		SOLE	0	14,049	0	0
AmerisourceBergen Corp	COM	03073e105	1,810	32,415	SH		SOLE	0	32,415	0	0
Anheuser-Busch InBev SA NV Sp	SPONSORED ADR	03524a108	783	8,674	SH		SOLE	0	8,674	0	0
Annaly Cap Mgmt Inc	COM	035710409	399	31,772	SH		SOLE	0	31,772	0	0
Apple Inc	COM	037833100	358	904	SH		SOLE	0	904	0	0
Applied Materials Inc	COM	038222105	379	25,392	SH		SOLE	0	25,392	0	0
Applied Micro Circuits Corp	COM NEW	03822w406	113	12,895	SH		SOLE	0	12,895	0	0
Aspen Technology Inc	COM	045327103	621	21,570	SH		SOLE	0	21,570	0	0
Associated Banc Corp	COM	045487105	1,987	127,760	SH		SOLE	0	127,760	0	0
AstraZeneca PLC Sp ADR	SPONSORED ADR	046353108	343	7,242	SH		SOLE	0	7,242	0	0
AT&T Inc	COM	00206r102	4,858	137,243	SH		SOLE	0	137,243	0	0
Australia & New Zealand Bankin	ADR	052528304	328	12,529	SH		SOLE	0	12,529	0	0
Avis Budget Group	COM	053774105	1,562	54,333	SH		SOLE	0	54,333	0	0
Aviva PLC ADR	ADR	05382a104	225	21,642	SH		SOLE	0	21,642	0	0
Avnet Inc	COM	053807103	3,374	100,416	SH		SOLE	0	100,416	0	0
Babcock & Wilcox Co	COM	05615f102	669	22,265	SH		SOLE	0	22,265	0	0
Banco Bilbao Vizcaya Argentari	SPONSORED ADR	05946k101	246	29,232	SH		SOLE	0	29,232	0	0
Banco Santander Brasil SA ADS	ADS REP 1 UNIT	05967a107	102	16,377	SH		SOLE	0	16,377	0	0
Banco Santander SA ADR	ADR	05964h105	288	44,448	SH		SOLE	0	44,448	0	0
Bank Montreal Que	COM	063671101	217	3,741	SH		SOLE	0	3,741	0	0
Bank Nova Scotia Halifax	COM	064149107	325	6,060	SH		SOLE	0	6,060	0	0
Bank of America Corporation	COM	060505104	429	33,382	SH		SOLE	0	33,382	0	0
Barclays PLC ADR	ADR	06738e204	280	16,360	SH		SOLE	0	16,360	0	0
BASF SE Sp ADR	SPONSORED ADS	055262505	526	5,898	SH		SOLE	0	5,898	0	0
Bayer AG Sp ADR	SPONSORED ADS	072730302	512	4,805	SH		SOLE	0	4,805	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	258	2,305	SH		SOLE	0	2,305	0	0
BHP Billiton Ltd Sp ADR	SPONSORED ADR	088606108	485	8,405	SH		SOLE	0	8,405	0	0
BHP Billiton PLC Sp ADR	SPONSORED ADR	05545e209	298	5,805	SH		SOLE	0	5,805	0	0
Bloomin Brands Inc	COM	094235108	970	38,970	SH		SOLE	0	38,970	0	0
BNP Paribas Sp ADR	SPONSORED ADS	05565a202	327	11,976	SH		SOLE	0	11,976	0	0
Boeing Co	COM	097023105	3,057	29,843	SH		SOLE	0	29,843	0	0
Boise Cascade Co	COM	09739d100	1,548	60,926	SH		SOLE	0	60,926	0	0
Boise Inc	COM	09746y105	92	10,735	SH		SOLE	0	10,735	0	0
BOK Financial Corp	COM NEW	05561q201	580	9,051	SH		SOLE	0	9,051	0	0
BP PLC Sp ADR	SPONSORED ADR	055622104	388	9,289	SH		SOLE	0	9,289	0	0
British American Tobacco PLC S	SPONSORED ADR	110448107	513	4,982	SH		SOLE	0	4,982	0	0
Brocade Communications Systems	COM NEW	111621306	1,829	317,620	SH		SOLE	0	317,620	0	0
Brookfield Asset Mgmt Inc Cl A	CL A LTD VT SH	112585104	626	17,381	SH		SOLE	0	17,381	0	0
CA Inc	COM	12673p105	2,307	80,600	SH		SOLE	0	80,600	0	0
CACI International Inc Cl A	CL A	127190304	348	5,479	SH		SOLE	0	5,479	0	0
Calix Inc	COM	13100m509	102	10,145	SH		SOLE	0	10,145	0	0
Canadian National Railway Co	COM	136375102	582	5,979	SH		SOLE	0	5,979	0	0
Canadian Pacific Railway Ltd	COM	13645t100	295	2,431	SH		SOLE	0	2,431	0	0
Canon Inc ADR	SPONSORED ADR	138006309	276	8,382	SH		SOLE	0	8,382	0	0
Cardinal Health Inc	COM	14149y108	2,414	51,142	SH		SOLE	0	51,142	0	0
Carrefour SA Sp ADR	SPONSORED ADS	144430204	185	33,592	SH		SOLE	0	33,592	0	0
CBL & Assoc Properties Inc	COM	124830100	1,557	72,701	SH		SOLE	0	72,701	0	0
CBOE Holdings Inc	COM	12503m108	967	20,730	SH		SOLE	0	20,730	0	0
Cemex SAB de CV Sp ADR	SPON ADR NEW	151290889	126	11,953	SH		SOLE	0	11,953	0	0
CenturyLink Inc	COM	156700106	575	16,262	SH		SOLE	0	16,262	0	0
CF Industries Holdings Inc	COM	125269100	1,823	10,629	SH		SOLE	0	10,629	0	0
Chevron Corp	COM	166764100	9,267	78,304	SH		SOLE	0	78,304	0	0
China Mobile Limited Sp ADR	SPONSORED ADR	16941m109	585	11,300	SH		SOLE	0	11,300	0	0
Cintas Corp	COM	172908105	481	10,557	SH		SOLE	0	10,557	0	0
Cisco Systems Inc	COM	17275r102	1,429	58,736	SH		SOLE	0	58,736	0	0
Citigroup Inc	COM NEW	172967424	384	8,004	SH		SOLE	0	8,004	0	0
CNH Global NV	SHS NEW	n20935206	1,226	29,439	SH		SOLE	0	29,439	0	0
Comcast Corp Cl A	CL A	20030n101	209	4,995	SH		SOLE	0	4,995	0	0
Computer Sciences Corp	COM	205363104	732	16,730	SH		SOLE	0	16,730	0	0
ConocoPhillips	COM	20825c104	2,560	42,317	SH		SOLE	0	42,317	0	0
Corrections Corp America New	COM NEW	22025y407	1,082	31,957	SH		SOLE	0	31,957	0	0
Credit Suisse Group Sp ADR	SPONSORED ADR	225401108	318	12,011	SH		SOLE	0	12,011	0	0
CVS Caremark Corporation	COM	126650100	203	3,550	SH		SOLE	0	3,550	0	0
Dai Nippon Printing Ltd Japan	ADR	233806306	181	19,868	SH		SOLE	0	19,868	0	0
Darden Restaurants Inc	COM	237194105	332	6,581	SH		SOLE	0	6,581	0	0
Dean Foods Co	COM	242370104	1,905	190,154	SH		SOLE	0	190,154	0	0
Delek US Holdings Inc	COM	246647101	1,345	46,732	SH		SOLE	0	46,732	0	0
Delta Air Lines Inc	COM NEW	247361702	1,941	103,756	SH		SOLE	0	103,756	0	0
Demand Media Inc	COM	24802n109	95	15,895	SH		SOLE	0	15,895	0	0
Deutsche Bank AG Namen AKT	COM	d18190898	362	8,639	SH		SOLE	0	8,639	0	0
Diageo PLC Sp ADR	SPON ADR NEW	25243q205	368	3,199	SH		SOLE	0	3,199	0	0
Digital Realty Trust Inc	COM	253868103	340	5,572	SH		SOLE	0	5,572	0	0
Domtar Corp	COM NEW	257559203	1,645	24,735	SH		SOLE	0	24,735	0	0
Dow Chemical Co	COM	260543103	668	20,750	SH		SOLE	0	20,750	0	0
DTE Energy Co	COM	233331107	561	8,371	SH		SOLE	0	8,371	0	0
Du Pont E I de Nemours & Co	COM	263534109	901	17,166	SH		SOLE	0	17,166	0	0
DuPont Fabros Technology Inc	COM	26613q106	1,135	47,000	SH		SOLE	0	47,000	0	0
EastGroup Property Inc	COM	277276101	1,240	22,045	SH		SOLE	0	22,045	0	0
Ecopetrol SA Sp ADS	SPONSORED ADS	279158109	210	4,997	SH		SOLE	0	4,997	0	0
Education Mgmt Corp	COM	28140m103	79	14,060	SH		SOLE	0	14,060	0	0
Endo Pharmaceuticals Holdings	COM	29264f205	1,845	50,150	SH		SOLE	0	50,150	0	0
ENI SPA Sp ADR	SPONSORED ADR	26874r108	252	6,140	SH		SOLE	0	6,140	0	0
Entergy Corp	COM	29364g103	2,509	36,000	SH		SOLE	0	36,000	0	0
Ericsson ADR B	ADR B SEK 10	294821608	218	19,304	SH		SOLE	0	19,304	0	0
Exelis Inc	COM	30162a108	851	61,680	SH		SOLE	0	61,680	0	0
Experian PLC Sp ADR	SPONSORED ADS	30215c101	407	23,460	SH		SOLE	0	23,460	0	0
Extra Space Storage Inc	COM	30225t102	1,010	24,091	SH		SOLE	0	24,091	0	0
Exxon Mobil Corp	COM	30231g102	9,167	101,459	SH		SOLE	0	101,459	0	0
Federated Investors Inc PA Cl	CL B	314211103	636	23,212	SH		SOLE	0	23,212	0	0
Fibria Celulose SA Sp ADR	SP ADR REP COM	31573a109	112	10,095	SH		SOLE	0	10,095	0	0
Fifth Third Bancorp	COM	316773100	2,580	142,932	SH		SOLE	0	142,932	0	0
First American Financial Corp	COM	31847r102	401	18,206	SH		SOLE	0	18,206	0	0
First Niagara Financial Group	COM	33582v108	157	15,575	SH		SOLE	0	15,575	0	0
FirstEnergy Corp	COM	337932107	2,033	54,452	SH		SOLE	0	54,452	0	0
Five Below Inc	COM	33829m101	1,755	47,650	SH		SOLE	0	47,650	0	0
Ford Motor Co	COM PAR $0.01	345370860	316	20,395	SH		SOLE	0	20,395	0	0
Freeport-McMoran Copper & Gold	COM	35671d857	606	21,964	SH		SOLE	0	21,964	0	0
Fresenius Med Care AG & Co KGA	SPONSORED ADR	358029106	368	10,432	SH		SOLE	0	10,432	0	0
Gannett Inc	COM	364730101	713	29,168	SH		SOLE	0	29,168	0	0
Gazprom OAO Sp ADR	SPONSORED ADS	368287207	149	22,381	SH		SOLE	0	22,381	0	0
General Dynamics Corp	COM	369550108	728	9,293	SH		SOLE	0	9,293	0	0
General Electric Co	COM	369604103	10,100	435,552	SH		SOLE	0	435,552	0	0
General Mills Inc	COM	370334104	1,656	34,124	SH		SOLE	0	34,124	0	0
General Motors Co	COM	37045v100	2,991	89,797	SH		SOLE	0	89,797	0	0
Genuine Parts Co	COM	372460105	466	5,966	SH		SOLE	0	5,966	0	0
GlaxoSmithKline PLC Sp ADR	SPONSORED ADR	37733w105	722	14,452	SH		SOLE	0	14,452	0	0
GNC Holdings Inc Cl A	COM CL A	36191g107	1,553	35,120	SH		SOLE	0	35,120	0	0
Goldman Sachs Group Inc	COM	38141g104	358	2,368	SH		SOLE	0	2,368	0	0
Google Inc Cl A	CL A	38259p508	316	359	SH		SOLE	0	359	0	0
Government Properties Income T	COM SHS BEN INT	38376a103	1,262	50,030	SH		SOLE	0	50,030	0	0
Graftech Intl Ltd	COM	384313102	106	14,570	SH		SOLE	0	14,570	0	0
Greif Inc Cl A	CL A	397624107	1,660	31,512	SH		SOLE	0	31,512	0	0
Hanesbrands Inc	COM	410345102	1,436	27,922	SH		SOLE	0	27,922	0	0
Hang Lung Properties Ltd Sp AD	SPONSORED ADS	41043m104	226	12,957	SH		SOLE	0	12,957	0	0
Harman Intl Industries Inc	COM	413086109	1,070	19,740	SH		SOLE	0	19,740	0	0
Harris Corp	COM	413875105	4,108	83,406	SH		SOLE	0	83,406	0	0
Hasbro Inc	COM	418056107	2,127	47,445	SH		SOLE	0	47,445	0	0
Henderson Land Development Ltd	ADR	425166303	350	58,563	SH		SOLE	0	58,563	0	0
Herbalife Ltd	COM USD SHS	g4412g101	1,256	27,825	SH		SOLE	0	27,825	0	0
Hewlett Packard Co	COM	428236103	4,731	190,749	SH		SOLE	0	190,749	0	0
Hillshire Brands Co	COM	432589109	668	20,207	SH		SOLE	0	20,207	0	0
HollyFrontier Corp	COM	436106108	954	22,302	SH		SOLE	0	22,302	0	0
Home Depot Inc	COM	437076102	215	2,777	SH		SOLE	0	2,777	0	0
Home Properties Inc	COM	437306103	1,224	18,725	SH		SOLE	0	18,725	0	0
Homeaway Inc	COM	43739q100	1,667	51,540	SH		SOLE	0	51,540	0	0
Honda Motor Ltd American	AMERN SHS	438128308	609	16,361	SH		SOLE	0	16,361	0	0
HSBC Holdings PLC Sp ADR	SPON ADR NEW	404280406	903	17,400	SH		SOLE	0	17,400	0	0
Humana Inc	COM	444859102	1,764	20,909	SH		SOLE	0	20,909	0	0
Huntsman Corp	COM	447011107	1,534	92,638	SH		SOLE	0	92,638	0	0
ING Groep NV Sp ADR	SPONSORED ADR	456837103	328	36,093	SH		SOLE	0	36,093	0	0
Ingredion Inc	COM	457187102	2,026	30,877	SH		SOLE	0	30,877	0	0
Intel Corp	COM	458140100	6,420	264,951	SH		SOLE	0	264,951	0	0
International Paper Co	COM	460146103	754	17,027	SH		SOLE	0	17,027	0	0
Intl Business Machines	COM	459200101	5,547	29,024	SH		SOLE	0	29,024	0	0
Investors Real Estate Tr	SH BEN INT	461730103	180	20,880	SH		SOLE	0	20,880	0	0
Janus Cap Group Inc	COM	47102x105	985	115,698	SH		SOLE	0	115,698	0	0
Johnson & Johnson	COM	478160104	1,113	12,965	SH		SOLE	0	12,965	0	0
JPMorgan Chase & Co	COM	46625h100	3,216	60,928	SH		SOLE	0	60,928	0	0
KeyCorp	COM	493267108	2,156	195,323	SH		SOLE	0	195,323	0	0
Kimberly Clark Corp	COM	494368103	949	9,765	SH		SOLE	0	9,765	0	0
Kimco Realty Corp	COM	49446r109	363	16,931	SH		SOLE	0	16,931	0	0
Kingfisher PLC Sp ADR	SPONSORED ADS	495724403	377	36,265	SH		SOLE	0	36,265	0	0
Kinross Gold Corp	COM NO PAR	496902404	79	15,579	SH		SOLE	0	15,579	0	0
KLA-Tencor Corp	COM	482480100	1,270	22,796	SH		SOLE	0	22,796	0	0
Koninklijke Philips NV	NY REG SH NEW	500472303	652	23,995	SH		SOLE	0	23,995	0	0
Korea Electric Power Sp ADR	SPONSORED ADR	500631106	199	17,575	SH		SOLE	0	17,575	0	0
Krispy Kreme Doughnuts Inc	COM	501014104	1,086	62,222	SH		SOLE	0	62,222	0	0
Kroger Co	COM	501044101	2,136	61,851	SH		SOLE	0	61,851	0	0
Kubota Corp ADR	ADR	501173207	441	6,054	SH		SOLE	0	6,054	0	0
L-3 Communications Holdings In	COM	502424104	759	8,847	SH		SOLE	0	8,847	0	0
Lamar Advertising Co Cl A	CL A	512815101	596	13,735	SH		SOLE	0	13,735	0	0
Leggett & Platt Inc	COM	524660107	475	15,276	SH		SOLE	0	15,276	0	0
Liberty Property Trust	SH BEN INT	531172104	954	25,800	SH		SOLE	0	25,800	0	0
Life Time Fitness Inc	COM	53217r207	816	16,290	SH		SOLE	0	16,290	0	0
Lilly Eli & Co	COM	532457108	2,270	46,213	SH		SOLE	0	46,213	0	0
Lloyds Banking Group PLC Sp AD	SPONSORED ADR	539439109	51	13,356	SH		SOLE	0	13,356	0	0
Lockheed Martin Corp	COM	539830109	4,399	40,557	SH		SOLE	0	40,557	0	0
Lorillard Inc	COM	544147101	2,308	52,842	SH		SOLE	0	52,842	0	0
LPL Financial Holdings Inc	COM	50212v100	908	24,055	SH		SOLE	0	24,055	0	0
LSI Corporation	COM	502161102	387	54,247	SH		SOLE	0	54,247	0	0
Lumber Liquidators Holdings In	COM	55003t107	1,649	21,175	SH		SOLE	0	21,175	0	0
Luxottica Group SPA Sp ADR	SPONSORED ADR	55068r202	329	6,506	SH		SOLE	0	6,506	0	0
Magellan Health Services Inc	COM NEW	559079207	1,805	32,188	SH		SOLE	0	32,188	0	0
ManpowerGroup	COM	56418h100	481	8,780	SH		SOLE	0	8,780	0	0
Manulife Financial Corp	COM	56501r106	404	25,193	SH		SOLE	0	25,193	0	0
Marathon Petroleum Corp	COM	56585a102	2,784	39,182	SH		SOLE	0	39,182	0	0
Marks & Spencer Group PLC Sp A	SPONSORED ADS	570912105	352	26,933	SH		SOLE	0	26,933	0	0
Marvell Technology Group Ltd	ORD	g5876h105	1,160	99,079	SH		SOLE	0	99,079	0	0
McDonalds Corp	COM	580135101	769	7,772	SH		SOLE	0	7,772	0	0
Merck & Co Inc	COM	58933y105	2,791	60,085	SH		SOLE	0	60,085	0	0
MetLife Inc	COM	59156r108	228	4,976	SH		SOLE	0	4,976	0	0
Micron Technology Inc	COM	595112103	358	24,981	SH		SOLE	0	24,981	0	0
Microsoft Corp	COM	594918104	9,466	274,022	SH		SOLE	0	274,022	0	0
Mitsubishi UFJ Financial Group	SPONSORED ADR	606822104	415	66,819	SH		SOLE	0	66,819	0	0
Mizuho Financial Group Inc Sp	SPONSORED ADR	60687y109	241	58,366	SH		SOLE	0	58,366	0	0
Molex Inc	COM	608554101	483	16,450	SH		SOLE	0	16,450	0	0
Molina Healthcare Inc	COM	60855r100	1,818	48,890	SH		SOLE	0	48,890	0	0
Molson Coors Brewing Co Cl B	CL B	60871r209	424	8,864	SH		SOLE	0	8,864	0	0
Moodys Corp	COM	615369105	3,257	53,455	SH		SOLE	0	53,455	0	0
Morgan Stanley	COM NEW	617446448	315	12,914	SH		SOLE	0	12,914	0	0
MSC Industrial Direct Inc Cl A	CL A	553530106	823	10,622	SH		SOLE	0	10,622	0	0
Myriad Genetics Inc	COM	62855j104	1,613	60,048	SH		SOLE	0	60,048	0	0
National Australia Bank Ltd Sp	SPONSORED ADS	632525408	248	9,142	SH		SOLE	0	9,142	0	0
National Grid PLC Sp ADR	SPON ADR NEW	636274300	728	12,839	SH		SOLE	0	12,839	0	0
Nestle SA Sp ADR	SPONSORED ADS	641069406	1,156	17,661	SH		SOLE	0	17,661	0	0
Nidec Corp Sp ADR	SPONSORED ADR	654090109	240	13,703	SH		SOLE	0	13,703	0	0
Nielsen Holdings NV	COM	n63218106	753	22,420	SH		SOLE	0	22,420	0	0
Nippon Telegraph & Telephone C	SPONSORED ADR	654624105	208	8,013	SH		SOLE	0	8,013	0	0
Nomura Holdings Inc Sp ADR	SPONSORED ADR	65535h208	254	34,173	SH		SOLE	0	34,173	0	0
Norfolk Southern Corp	COM	655844108	413	5,689	SH		SOLE	0	5,689	0	0
Northrop Grumman Corp	COM	666807102	2,411	29,123	SH		SOLE	0	29,123	0	0
Novartis AG Sp ADR	SPONSORED ADR	66987v109	1,025	14,493	SH		SOLE	0	14,493	0	0
Novo-Nordisk AS ADR	ADR	670100205	400	2,583	SH		SOLE	0	2,583	0	0
NTT Docomo Inc Sp ADR	SPONS ADR	62942m201	195	12,440	SH		SOLE	0	12,440	0	0
Old Republic Intl Corp	COM	680223104	936	72,765	SH		SOLE	0	72,765	0	0
Olin Corp	COM PAR $1	680665205	1,623	67,850	SH		SOLE	0	67,850	0	0
Omnicare Inc	COM	681904108	1,845	38,670	SH		SOLE	0	38,670	0	0
Oracle Corp	COM	68389x105	3,982	129,666	SH		SOLE	0	129,666	0	0
Orbitz Worldwide Inc	COM	68557k109	111	13,780	SH		SOLE	0	13,780	0	0
Panasonic Corp ADR	ADR	69832a205	225	28,006	SH		SOLE	0	28,006	0	0
PDL Biopharma Inc	COM	69329y104	132	17,050	SH		SOLE	0	17,050	0	0
PepsiCo Inc	COM	713448108	229	2,805	SH		SOLE	0	2,805	0	0
PetSmart Inc	COM	716768106	1,836	27,403	SH		SOLE	0	27,403	0	0
Pfizer Inc	COM	717081103	5,371	191,765	SH		SOLE	0	191,765	0	0
PG&E Corp	COM	69331c108	1,822	39,850	SH		SOLE	0	39,850	0	0
PHH Corp	COM NEW	693320202	673	33,000	SH		SOLE	0	33,000	0	0
Phillips 66	COM	718546104	3,355	56,943	SH		SOLE	0	56,943	0	0
Plum Creek Timber Co Inc	COM	729251108	632	13,547	SH		SOLE	0	13,547	0	0
PNC Financial Services Group I	COM	693475105	988	13,554	SH		SOLE	0	13,554	0	0
Potash Corp Saskatchewan Inc	COM	73755l107	238	6,247	SH		SOLE	0	6,247	0	0
Price T Rowe Group Inc	COM	74144t108	4,123	56,330	SH		SOLE	0	56,330	0	0
PrivateBancorp Inc	COM	742962103	1,866	87,902	SH		SOLE	0	87,902	0	0
Procter & Gamble Co	COM	742718109	2,093	27,184	SH		SOLE	0	27,184	0	0
ProLogis Inc	COM	74340w103	321	8,516	SH		SOLE	0	8,516	0	0
Prudential Financial Inc	COM	744320102	5,176	70,880	SH		SOLE	0	70,880	0	0
Prudential PLC ADR	ADR	74435k204	569	17,375	SH		SOLE	0	17,375	0	0
Public Service Enterprise Grou	COM	744573106	848	25,966	SH		SOLE	0	25,966	0	0
Public Storage	COM	74460d109	859	5,600	SH		SOLE	0	5,600	0	0
Pulte Group	COM	745867101	532	28,049	SH		SOLE	0	28,049	0	0
Qualcomm Inc	COM	747525103	756	12,381	SH		SOLE	0	12,381	0	0
Ralph Lauren Corp Cl A	CL A	751212101	3,139	18,070	SH		SOLE	0	18,070	0	0
Rayonier Inc	COM	754907103	694	12,520	SH		SOLE	0	12,520	0	0
Raytheon Co	COM NEW	755111507	2,895	43,781	SH		SOLE	0	43,781	0	0
Reckitt Benckiser PLC Sp ADR	SPONSORED ADS	756255204	557	39,489	SH		SOLE	0	39,489	0	0
Regions Financial Corp	COM	7591ep100	2,328	244,247	SH		SOLE	0	244,247	0	0
Reinsurance Group America Inc	COM NEW	759351604	869	12,570	SH		SOLE	0	12,570	0	0
Rio Tinto PLC Sp ADR	SPONSORED ADR	767204100	287	6,996	SH		SOLE	0	6,996	0	0
Robert Half Intl Inc	COM	770323103	925	27,829	SH		SOLE	0	27,829	0	0
Roche Holding Ltd Sp ADR	SPONSORED ADS	771195104	1,014	16,324	SH		SOLE	0	16,324	0	0
Ross Stores Inc	COM	778296103	1,804	27,831	SH		SOLE	0	27,831	0	0
Royal Bank of Canada Montreal	COM	780087102	412	7,060	SH		SOLE	0	7,060	0	0
Royal Bank Scotland Group PLC	SPONS ADR 20 ORD	780097689	118	14,002	SH		SOLE	0	14,002	0	0
Royal Dutch Shell PLC Sp ADR A	SPONS ADR A	780259206	346	5,422	SH		SOLE	0	5,422	0	0
Royal Dutch Shell PLC Sp ADR B	SPON ADR B	780259107	253	3,814	SH		SOLE	0	3,814	0	0
Ryanair Holdings PLC Sp ADR	SPONSORED ADR	783513104	204	3,955	SH		SOLE	0	3,955	0	0
SABMiller PLC Sp ADR	SPONSORED ADS	78572m105	402	8,414	SH		SOLE	0	8,414	0	0
Safeway Inc	COM NEW	786514208	896	37,889	SH		SOLE	0	37,889	0	0
SAIC Inc	COM	78390x101	741	53,204	SH		SOLE	0	53,204	0	0
Sanofi Sp ADR	SPONSORED ADR	80105n105	785	15,240	SH		SOLE	0	15,240	0	0
SAP AG Sp ADR	SPON ADR	803054204	348	4,780	SH		SOLE	0	4,780	0	0
Sberbank Russia Sp ADR	SPONSORED ADS	80585y308	281	24,588	SH		SOLE	0	24,588	0	0
Sega Sammy Holdings Inc Sp ADR	SPONSORED ADS	815794102	104	16,617	SH		SOLE	0	16,617	0	0
Select Comfort Corp	COM	81616x103	1,749	69,790	SH		SOLE	0	69,790	0	0
Select Med Holdings Corp	COM	81619q105	117	14,215	SH		SOLE	0	14,215	0	0
Siemens AG Sp ADR	SPONSORED ADR	826197501	2,093	20,664	SH		SOLE	0	20,664	0	0
Six Flags Entertainment Corp	COM	83001a102	1,055	30,010	SH		SOLE	0	30,010	0	0
SolarWinds Inc	COM	83416b109	628	16,190	SH		SOLE	0	16,190	0	0
Sonoco Prods Co	COM	835495102	1,625	46,996	SH		SOLE	0	46,996	0	0
Sony Corp ADR	ADR NEW	835699307	291	13,710	SH		SOLE	0	13,710	0	0
Southwest Airlines Co	COM	844741108	1,533	118,961	SH		SOLE	0	118,961	0	0
Spirit Airlines Inc	COM	848577102	1,626	51,250	SH		SOLE	0	51,250	0	0
Sprint Nextel Corp Ser 1	COM SER 1	852061100	166	23,603	SH		SOLE	0	23,603	0	0
Starwood Hotels & Resorts Worl	COM	85590a401	1,224	19,371	SH		SOLE	0	19,371	0	0
Steel Dynamics Inc	COM	858119100	1,644	110,231	SH		SOLE	0	110,231	0	0
Sterling Financial Corp Wash	COM NEW	859319303	333	13,991	SH		SOLE	0	13,991	0	0
Sterlite Industries India Ltd	ADS	859737207	65	11,152	SH		SOLE	0	11,152	0	0
Sumitomo Mitsui Financial Grou	SPONSORED ADR	86562m209	314	34,018	SH		SOLE	0	34,018	0	0
Sun Life Financial Inc	COM	866796105	247	8,332	SH		SOLE	0	8,332	0	0
Susquehanna Bancshares Inc PA	COM	869099101	2,031	158,030	SH		SOLE	0	158,030	0	0
Syngenta AG Sp ADR	SPONSORED ADR	87160a100	268	3,438	SH		SOLE	0	3,438	0	0
Synnex Corp	COM	87162w100	1,310	30,985	SH		SOLE	0	30,985	0	0
Sysco Corp	COM	871829107	545	15,965	SH		SOLE	0	15,965	0	0
Taiwan Semiconductor Mfg Ltd S	SPONSORED ADR	874039100	222	12,145	SH		SOLE	0	12,145	0	0
Tech Data Corp	COM	878237106	1,639	34,804	SH		SOLE	0	34,804	0	0
TECO Energy Inc	COM	872375100	656	38,160	SH		SOLE	0	38,160	0	0
Telefonica SA Sp ADR	SPONSORED ADR	879382208	168	13,092	SH		SOLE	0	13,092	0	0
Tesco PLC Sp ADR	SPONSORED ADS	881575302	342	22,707	SH		SOLE	0	22,707	0	0
Tesoro Corp	COM	881609101	1,191	22,768	SH		SOLE	0	22,768	0	0
Teva Pharmaceutical Industries	ADR	881624209	215	5,477	SH		SOLE	0	5,477	0	0
Thomson Reuters Corp	COM	884903105	2,099	64,439	SH		SOLE	0	64,439	0	0
Time Warner Cable Inc	COM	88732j207	1,767	15,709	SH		SOLE	0	15,709	0	0
Time Warner Inc	COM NEW	887317303	2,898	50,121	SH		SOLE	0	50,121	0	0
Tivo Inc	COM	888706108	627	56,750	SH		SOLE	0	56,750	0	0
Toronto Dominion Bank Ont	COM NEW	891160509	355	4,412	SH		SOLE	0	4,412	0	0
Total SA Sp ADR	SPONSORED ADR	89151e109	336	6,901	SH		SOLE	0	6,901	0	0
Toyota Motor Corp Sp ADR 2	SP ADR REP2COM	892331307	1,740	14,418	SH		SOLE	0	14,418	0	0
Travelers Companies Inc	COM	89417e109	658	8,234	SH		SOLE	0	8,234	0	0
UBS AG	SHS NEW	h89231338	599	35,315	SH		SOLE	0	35,315	0	0
UGI Corp	COM	902681105	1,689	43,186	SH		SOLE	0	43,186	0	0
Unilever NV NY	N Y SHS NEW	904784709	345	8,786	SH		SOLE	0	8,786	0	0
Unilever PLC Sp ADR	SPON ADR NEW	904767704	266	6,581	SH		SOLE	0	6,581	0	0
United Parcel Service Inc Cl B	CL B	911312106	508	5,872	SH		SOLE	0	5,872	0	0
United States Steel Corp	COM	912909108	2,020	115,208	SH		SOLE	0	115,208	0	0
United Stationers Inc	COM	913004107	419	12,490	SH		SOLE	0	12,490	0	0
United Therapeutics Corp	COM	91307c102	1,757	26,700	SH		SOLE	0	26,700	0	0
UnitedHealth Group Inc	COM	91324p102	1,858	28,382	SH		SOLE	0	28,382	0	0
Universal Corp VA	COM	913456109	1,700	29,390	SH		SOLE	0	29,390	0	0
URS Corp	COM	903236107	928	19,658	SH		SOLE	0	19,658	0	0
Valero Energy Corp	COM	91913y100	2,470	71,034	SH		SOLE	0	71,034	0	0
Veolia Environnement Sp ADR	SPONSORED ADR	92334n103	174	15,277	SH		SOLE	0	15,277	0	0
Verizon Communications Inc	COM	92343v104	2,465	48,970	SH		SOLE	0	48,970	0	0
Visteon Corp	COM NEW	92839u206	511	8,103	SH		SOLE	0	8,103	0	0
Vitamin Shoppe Inc	COM	92849e101	922	20,570	SH		SOLE	0	20,570	0	0
VMware Inc Cl A	CL A COM	928563402	447	6,671	SH		SOLE	0	6,671	0	0
Vodafone Group PLC Sp ADR	SPONS ADR NEW	92857w209	405	14,074	SH		SOLE	0	14,074	0	0
Volkswagen AG Sp ADR	SPONSORED ADS	928662303	386	9,908	SH		SOLE	0	9,908	0	0
Wal-Mart Stores Inc	COM	931142103	1,182	15,862	SH		SOLE	0	15,862	0	0
Waste Management Inc	COM	94106l109	485	12,032	SH		SOLE	0	12,032	0	0
WellPoint Inc	COM	94973v107	1,786	21,826	SH		SOLE	0	21,826	0	0
Wells Fargo & Co	COM	949746101	2,598	62,942	SH		SOLE	0	62,942	0	0
Westar Energy Inc	COM	95709t100	1,811	56,675	SH		SOLE	0	56,675	0	0
Western Refining Inc	COM	959319104	1,544	54,990	SH		SOLE	0	54,990	0	0
Western Union Co	COM	959802109	995	58,137	SH		SOLE	0	58,137	0	0
Westpac Banking Corp Sp ADR	SPONSORED ADR	961214301	356	2,696	SH		SOLE	0	2,696	0	0
World Fuel Services Corp	COM	981475106	1,387	34,687	SH		SOLE	0	34,687	0	0
Wynn Resorts Ltd	COM	983134107	821	6,418	SH		SOLE	0	6,418	0	0
Xerox Corp	COM	984121103	4,178	460,595	SH		SOLE	0	460,595	0	0
Yum Brands Inc	COM	988498101	202	2,908	SH		SOLE	0	2,908	0	0
Zoetis Inc Cl A	CL A	98978v103	1,088	35,236	SH		SOLE	0	35,236	0	0