UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2013
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.):[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Convergence Investment Partners
Address: 4200 W 115th St
Suite 100
Leawood, KS 66211
Form 13F File Number: 028-13550
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all information
contained herein is true, correct and complete, and that it is
understood that all required items, statements, schedules, lists,
and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Cheryl Vohland
Title: Compliance Officer
Phone: (913) 647-9700
Signature, Place, and Date of Signing:
Cheryl Vohland Leawood, KS 05/13/2013
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting
manager(s).)
[] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 321
Form 13F Information Table Value Total: 298,092
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s)
of all institutional investment managers with respect to which this
report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
No. Form 13F File Number Name
28- NONE
[Repeat as necessary.]
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
Abbvie Inc 00287y109 268 6572.63 SH Sole 6572.63
Abercrombie & Fitch Co Cl A 002896207 1157 25049.00 SH Sole 25049.00
AES Corp 00130h105 1210 96227.00 SH Sole 96227.00
Aetna Inc 00817y108 1243 24306.00 SH Sole 24306.00
Aflac Inc 001055102 2300 44212.63 SH Sole 44212.63
AGCO Corp 001084102 762 14619.00 SH Sole 14619.00
Alliant Techsystems Inc 018804104 545 7526.00 SH Sole 7526.00
Altria Group Inc 02209s103 1722 50060.76 SH Sole 50060.76
American Electric Power Inc 025537101 631 12977.51 SH Sole 12977.51
AmerisourceBergen Corp 03073e105 1269 24665.00 SH Sole 24665.00
Ann Inc 035623107 1073 36976.00 SH Sole 36976.00
AOL Inc 00184x105 328 8510.00 SH Sole 8510.00
Apple Inc 037833100 420 949.00 SH Sole 949.00
Applied Materials Inc 038222105 632 46853.00 SH Sole 46853.00
Arrow Electronics Inc 042735100 2550 62778.00 SH Sole 62778.00
Assurant Inc 04621x108 635 14104.00 SH Sole 14104.00
AT&T Inc 00206r102 2563 69854.63 SH Sole 69854.63
Avnet Inc 053807103 2955 81628.00 SH Sole 81628.00
Babcock & Wilcox Co 05615f102 603 21225.00 SH Sole 21225.00
Bank Montreal Que 063671101 237 3769.00 SH Sole 3769.00
Bank Nova Scotia Halifax 064149107 355 6086.00 SH Sole 6086.00
Bank of America Corporation 060505104 4025 330436.00 SH Sole 330436.00
Berkshire Hathaway Inc Cl B 084670702 265 2546.00 SH Sole 2546.00
Boeing Co 097023105 3455 40246.00 SH Sole 40246.00
BOK Financial Corp 05561q201 1011 16233.00 SH Sole 16233.00
Bristol-Myers Squibb Co 110122108 995 24156.43 SH Sole 24156.43
Brocade Communications Systems 111621306 1578 273450.00 SH Sole 273450.00
Brookfield Asset Mgmt Inc Cl A 112585104 1610 44117.00 SH Sole 44117.00
CA Inc 12673p105 1229 48825.68 SH Sole 48825.68
Cablevision Systems Corp Cl A 12686c109 675 45145.00 SH Sole 45145.00
Cabot Corp 127055101 1267 37043.00 SH Sole 37043.00
CACI International Inc Cl A 127190304 498 8599.00 SH Sole 8599.00
Cadence Design System Inc 127387108 368 26432.00 SH Sole 26432.00
Canadian National Railway Co 136375102 685 6826.00 SH Sole 6826.00
Canadian Pacific Railway Ltd 13645t100 469 3592.00 SH Sole 3592.00
Cardinal Health Inc 14149y108 1271 30547.00 SH Sole 30547.00
CenturyLink Inc 156700106 1586 45152.00 SH Sole 45152.00
CF Industries Holdings Inc 125269100 1245 6541.00 SH Sole 6541.00
Chevron Corp 166764100 7965 67031.92 SH Sole 67031.92
Chicos FAS Inc 168615102 1258 74893.00 SH Sole 74893.00
Cintas Corp 172908105 467 10572.00 SH Sole 10572.00
Cisco Systems Inc 17275r102 970 46443.11 SH Sole 46443.11
Citigroup Inc 172967424 387 8756.00 SH Sole 8756.00
Cliffs Natural Resources Inc 18683k101 1094 57557.00 SH Sole 57557.00
Clorox Co 189054109 874 9868.00 SH Sole 9868.00
CNH Global NV n20935206 633 15313.00 SH Sole 15313.00
Coca-Cola Co 191216100 214 5285.00 SH Sole 5285.00
Coeur d'Alene Mines Corp Idaho 192108504 1250 66255.00 SH Sole 66255.00
Cognizant Technology Solutions 192446102 591 7715.00 SH Sole 7715.00
Coinstar Inc 19259p300 995 17035.00 SH Sole 17035.00
Comcast Corp Cl A 20030n101 208 4951.00 SH Sole 4951.00
Comerica Inc 200340107 969 26945.00 SH Sole 26945.00
Con-Way Inc 205944101 1112 31595.00 SH Sole 31595.00
Conagra Foods Inc 205887102 1064 29726.31 SH Sole 29726.31
ConocoPhillips 20825c104 2382 39638.41 SH Sole 39638.41
Copa Holdings SA Cl A p31076105 1151 9625.00 SH Sole 9625.00
Darden Restaurants Inc 237194105 323 6243.60 SH Sole 6243.60
Dean Foods Co 242370104 1328 73234.00 SH Sole 73234.00
Delek US Holdings Inc 246647101 872 22105.00 SH Sole 22105.00
Deutsche Bank AG Namen AKT d18190898 330 8441.00 SH Sole 8441.00
Diebold Inc 253651103 310 10212.01 SH Sole 10212.01
Domtar Corp 257559203 1254 16150.00 SH Sole 16150.00
Dow Chemical Co 260543103 614 19299.58 SH Sole 19299.58
DTE Energy Co 233331107 526 7692.88 SH Sole 7692.88
Du Pont E I de Nemours & Co 263534109 785 15966.01 SH Sole 15966.01
Entergy Corp 29364g103 1919 30337.82 SH Sole 30337.82
Evolution Petroleum Corp 30049a107 238 23459.00 SH Sole 23459.00
Exelis Inc 30162a108 603 55355.00 SH Sole 55355.00
Exelon Corp 30161n101 378 10967.15 SH Sole 10967.15
Exxon Mobil Corp 30231g102 7678 85211.29 SH Sole 85211.29
Federated Investors Inc PA Cl 314211103 507 21399.87 SH Sole 21399.87
Fifth Third Bancorp 316773100 1547 94879.00 SH Sole 94879.00
First American Financial Corp 31847r102 484 18926.00 SH Sole 18926.00
Fluor Corp 343412102 1660 25023.00 SH Sole 25023.00
Ford Motor Co 345370860 2111 160552.00 SH Sole 160552.00
Freeport-McMoran Copper & Gold 35671d857 673 20346.00 SH Sole 20346.00
Fresh Del Monte Produce Inc g36738105 1203 44590.00 SH Sole 44590.00
Gannett Inc 364730101 584 26711.67 SH Sole 26711.67
General Electric Co 369604103 6684 289119.45 SH Sole 289119.45
General Motors Co 37045v100 228 8184.00 SH Sole 8184.00
Genuine Parts Co 372460105 1620 20769.90 SH Sole 20769.90
Goldman Sachs Group Inc 38141g104 389 2641.00 SH Sole 2641.00
Google Inc Cl A 38259p508 4265 5370.00 SH Sole 5370.00
Grand Canyon Ed Inc 38526m106 827 32580.00 SH Sole 32580.00
Granite Contruction Inc 387328107 411 12905.00 SH Sole 12905.00
Great Plains Energy Inc 391164100 1204 51920.00 SH Sole 51920.00
Greif Inc Cl A 397624107 1146 21375.00 SH Sole 21375.00
Harman Intl Industries Inc 413086109 484 10845.00 SH Sole 10845.00
Harris Corp 413875105 3234 69778.50 SH Sole 69778.50
Hasbro Inc 418056107 474 10784.19 SH Sole 10784.19
Herbalife Ltd g4412g101 786 20980.00 SH Sole 20980.00
Hewlett Packard Co 428236103 284 11917.00 SH Sole 11917.00
HollyFrontier Corp 436106108 748 14542.00 SH Sole 14542.00
Home Depot Inc 437076102 211 3030.00 SH Sole 3030.00
Hospira Inc 441060100 406 12380.00 SH Sole 12380.00
Humana Inc 444859102 1280 18522.00 SH Sole 18522.00
Huntington Bancshares Inc 446150104 1089 147781.00 SH Sole 147781.00
Huntsman Corp 447011107 1222 65735.00 SH Sole 65735.00
Hyatt Hotels Corp Cl A 448579102 795 18380.00 SH Sole 18380.00
Ingram Micro Inc Cl A 457153104 1783 90594.00 SH Sole 90594.00
Ingredion Inc 457187102 1284 17756.00 SH Sole 17756.00
Intel Corp 458140100 3713 170070.80 SH Sole 170070.80
InterDigital Inc 45867g101 1173 24505.00 SH Sole 24505.00
International Paper Co 460146103 746 16006.32 SH Sole 16006.32
Intl Business Machines 459200101 422 1980.00 SH Sole 1980.00
Jacobs Engineering Group Inc 469814107 466 8291.00 SH Sole 8291.00
Janus Cap Group Inc 47102x105 502 53404.00 SH Sole 53404.00
JPMorgan Chase & Co 46625h100 2852 60085.25 SH Sole 60085.25
KBR Inc 48242w106 628 19580.00 SH Sole 19580.00
KeyCorp 493267108 1070 107419.00 SH Sole 107419.00
Kimberly Clark Corp 494368103 886 9043.65 SH Sole 9043.65
KLA-Tencor Corp 482480100 1351 25620.00 SH Sole 25620.00
L-3 Communications Holdings In 502424104 716 8847.00 SH Sole 8847.00
Leggett & Platt Inc 524660107 479 14175.00 SH Sole 14175.00
Lilly Eli & Co 532457108 2460 43315.47 SH Sole 43315.47
Lions Gate Entertainment Corp 535919203 677 28470.00 SH Sole 28470.00
Lockheed Martin Corp 539830109 993 10284.83 SH Sole 10284.83
Lorillard Inc 544147101 591 14653.00 SH Sole 14653.00
LPL Financial Holdings Inc 50212v100 687 21300.00 SH Sole 21300.00
Lumber Liquidators Holdings In 55003t107 1306 18595.00 SH Sole 18595.00
Magellan Health Services Inc 559079207 1223 25708.00 SH Sole 25708.00
ManpowerGroup 56418h100 407 7175.00 SH Sole 7175.00
Manulife Financial Corp 56501r106 421 28602.00 SH Sole 28602.00
Marathon Petroleum Corp 56585a102 1783 19896.00 SH Sole 19896.00
MarketAxess Holdings Inc 57060d108 652 17470.00 SH Sole 17470.00
Marvell Technology Group Ltd g5876h105 408 38587.00 SH Sole 38587.00
McDonalds Corp 580135101 719 7211.56 SH Sole 7211.56
MDC Holdings Inc 552676108 380 10370.00 SH Sole 10370.00
Medtronic Inc 585055106 533 11349.56 SH Sole 11349.56
Merck & Co Inc 58933y105 758 17156.00 SH Sole 17156.00
Microsoft Corp 594918104 5999 209714.17 SH Sole 209714.17
Mohawk Industries Inc 608190104 1281 11328.00 SH Sole 11328.00
Molex Inc 608554101 466 15908.24 SH Sole 15908.24
Molina Healthcare Inc 60855r100 1206 39072.00 SH Sole 39072.00
Molson Coors Brewing Co Cl B 60871r209 401 8198.23 SH Sole 8198.23
Moodys Corp 615369105 2404 45078.00 SH Sole 45078.00
Morgan Stanley 617446448 317 14404.00 SH Sole 14404.00
Multi Color Corp 625383104 271 10525.00 SH Sole 10525.00
Norfolk Southern Corp 655844108 397 5149.84 SH Sole 5149.84
Northrop Grumman Corp 666807102 1913 27268.23 SH Sole 27268.23
NRG Energy Inc 629377508 1174 44321.00 SH Sole 44321.00
Office Depot Inc 676220106 1082 275236.00 SH Sole 275236.00
Omnicare Inc 681904108 1311 32185.00 SH Sole 32185.00
Oracle Corp 68389x105 3090 95583.00 SH Sole 95583.00
Partnerre Ltd g6852t105 893 9590.00 SH Sole 9590.00
PepsiCo Inc 713448108 226 2861.06 SH Sole 2861.06
PerkinElmer Inc 714046109 499 14823.00 SH Sole 14823.00
PetSmart Inc 716768106 1100 17716.00 SH Sole 17716.00
Pfizer Inc 717081103 6796 235466.97 SH Sole 235466.97
PG&E Corp 69331c108 1213 27250.00 SH Sole 27250.00
Phillips 66 718546104 2736 39103.00 SH Sole 39103.00
Pinnacle West Cap Corp 723484101 1199 20720.00 SH Sole 20720.00
PMC-Sierra Inc 69344f106 396 58310.00 SH Sole 58310.00
PNC Financial Services Group I 693475105 840 12625.58 SH Sole 12625.58
Potash Corp Saskatchewan Inc 73755l107 275 7016.00 SH Sole 7016.00
Procter & Gamble Co 742718109 862 11191.11 SH Sole 11191.11
Prudential Financial Inc 744320102 3538 59983.34 SH Sole 59983.34
Public Service Enterprise Grou 744573106 838 24409.07 SH Sole 24409.07
Pulte Group 745867101 1159 57267.00 SH Sole 57267.00
Questcor Pharmaceuticals Inc 74835y101 413 12700.00 SH Sole 12700.00
Ralph Lauren Corp Cl A 751212101 1704 10067.00 SH Sole 10067.00
Raytheon Co 755111507 2391 40678.45 SH Sole 40678.45
Regal Entertainment Group Cl A 758766109 487 29205.00 SH Sole 29205.00
Regions Financial Corp 7591ep100 1086 132629.00 SH Sole 132629.00
Reinsurance Group America Inc 759351604 750 12570.00 SH Sole 12570.00
Robert Half Intl Inc 770323103 419 11174.00 SH Sole 11174.00
Royal Bank of Canada Montreal 780087102 421 6982.00 SH Sole 6982.00
Ryder Systems Inc 783549108 1156 19344.00 SH Sole 19344.00
Safeway Inc 786514208 496 18823.00 SH Sole 18823.00
SAIC Inc 78390x101 419 30909.00 SH Sole 30909.00
Select Med Holdings Corp 81619q105 1077 119680.00 SH Sole 119680.00
Southern Copper Corp 84265v105 216 5762.00 SH Sole 5762.00
Sprint Nextel Corp Ser 1 852061100 150 24142.00 SH Sole 24142.00
Starwood Hotels & Resorts Worl 85590a401 806 12649.00 SH Sole 12649.00
Steel Dynamics Inc 858119100 1281 80690.00 SH Sole 80690.00
Steelcase Inc Cl A 858155203 366 24835.00 SH Sole 24835.00
Sun Life Financial Inc 866796105 233 8526.00 SH Sole 8526.00
Suncoke Energy Inc 86722a103 1225 75005.00 SH Sole 75005.00
Swift Trans Co Cl A 87074u101 1058 74590.00 SH Sole 74590.00
Synnex Corp 87162w100 952 25730.00 SH Sole 25730.00
TECO Energy Inc 872375100 1093 61360.00 SH Sole 61360.00
Teradyne Inc 880770102 485 29895.00 SH Sole 29895.00
Tesoro Corp 881609101 883 15073.00 SH Sole 15073.00
Tetra Tech Inc 88162g103 358 11750.00 SH Sole 11750.00
Thermo Fisher Scientific Inc 883556102 1037 13562.00 SH Sole 13562.00
Toronto Dominion Bank Ont 891160509 361 4331.00 SH Sole 4331.00
Travelers Companies Inc 89417e109 648 7692.92 SH Sole 7692.92
Tyson Foods Inc Cl A 902494103 1278 51483.00 SH Sole 51483.00
UBS AG h89231338 540 35076.00 SH Sole 35076.00
Ulta Salon Cosmetics & Fragran 90384s303 1150 14150.00 SH Sole 14150.00
United Parcel Service Inc Cl B 911312106 467 5436.99 SH Sole 5436.99
United States Cellular Corp 911684108 389 10795.00 SH Sole 10795.00
United Therapeutics Corp 91307c102 475 7810.00 SH Sole 7810.00
Universal Corp VA 913456109 1122 20030.00 SH Sole 20030.00
Valero Energy Corp 91913y100 1869 41089.00 SH Sole 41089.00
Verizon Communications Inc 92343v104 2287 46530.51 SH Sole 46530.51
Virgin Media Inc 92769l101 2745 56049.00 SH Sole 56049.00
Visteon Corp 92839u206 373 6470.00 SH Sole 6470.00
Vitamin Shoppe Inc 92849e101 1005 20570.00 SH Sole 20570.00
VMware Inc Cl A 928563402 371 4702.00 SH Sole 4702.00
Wal-Mart Stores Inc 931142103 2704 36138.26 SH Sole 36138.26
Walgreen Co 931422109 896 18801.26 SH Sole 18801.26
Warner Chilcott PLC Ireland A g94368100 520 38360.00 SH Sole 38360.00
Waste Management Inc 94106l109 432 11024.45 SH Sole 11024.45
WellPoint Inc 94973v107 1466 22130.00 SH Sole 22130.00
Wells Fargo & Co 949746101 3213 86859.80 SH Sole 86859.80
Western Refining Inc 959319104 856 24187.00 SH Sole 24187.00
Western Union Co 959802109 383 25487.00 SH Sole 25487.00
World Fuel Services Corp 981475106 833 20973.00 SH Sole 20973.00
Wyndham Worldwide Corp 98310w108 828 12845.00 SH Sole 12845.00
Yahoo Inc 984332106 525 22294.00 SH Sole 22294.00
Zions Bancorporation 989701107 1095 43810.00 SH Sole 43810.00
ABB Ltd Sp ADR 000375204 1316 57822.000 SH Sole 57822.000
Aegon NV NY Reg Shs 007924103 220 36603.000 SH Sole 36603.000
Allianz SE Sp ADR 018805101 935 68718.000 SH Sole 68718.000
Anheuser-Busch InBev SA NV Sp 03524a108 812 8156.000 SH Sole 8156.000
AstraZeneca PLC Sp ADR 046353108 368 7369.000 SH Sole 7369.000
Australia & New Zealand Bankin 052528304 370 12440.000 SH Sole 12440.000
Aviva PLC ADR 05382a104 203 22298.000 SH Sole 22298.000
Banco Bilbao Vizcaya Argentari 05946k101 257 29292.000 SH Sole 29292.000
Banco Santander Brasil SA ADS 05967a107 125 17155.000 SH Sole 17155.000
Banco Santander SA ADR 05964h105 324 47543.763 SH Sole 47543.763
Barclays PLC ADR 06738e204 294 16573.000 SH Sole 16573.000
BASF SE Sp ADR 055262505 467 5326.000 SH Sole 5326.000
Bayer AG Sp ADR 072730302 489 4736.000 SH Sole 4736.000
BHP Billiton Ltd Sp ADR 088606108 658 9613.000 SH Sole 9613.000
BHP Billiton PLC Sp ADR 05545e209 362 6234.000 SH Sole 6234.000
BNP Paribas Sp ADR 05565a202 296 11498.000 SH Sole 11498.000
BP PLC Sp ADR 055622104 394 9296.575 SH Sole 9296.575
British American Tobacco PLC S 110448107 621 5805.000 SH Sole 5805.000
Canon Inc ADR 138006309 527 14371.027 SH Sole 14371.027
Carrefour SA Sp ADR 144430204 138 25175.000 SH Sole 25175.000
Cemex SAB de CV Sp ADR 151290889 134 10959.000 SH Sole 10959.000
China Mobile Limited Sp ADR 16941m109 608 11450.000 SH Sole 11450.000
CNOOC Ltd Sp ADR 126132109 236 1230.000 SH Sole 1230.000
Companhia de Bebidas das Ameri 20441w104 363 8773.000 SH Sole 8773.000
Companhia Siderurgica Nacional 20440w105 83 18477.000 SH Sole 18477.000
Credit Suisse Group Sp ADR 225401108 276 10542.000 SH Sole 10542.000
Dai Nippon Printing Ltd Japan 233806306 188 19745.000 SH Sole 19745.000
Daimler AG Sp ADR 233825108 411 7543.000 SH Sole 7543.000
Diageo PLC Sp ADR 25243q205 391 3105.000 SH Sole 3105.000
E-House China Holdings Ltd ADR 26852w103 125 26910.000 SH Sole 26910.000
Ecopetrol SA Sp ADS 279158109 318 5830.000 SH Sole 5830.000
Empresa Nacional de Electricid 29244t101 223 4203.000 SH Sole 4203.000
ENI SPA Sp ADR 26874r108 284 6328.000 SH Sole 6328.000
Ericsson ADR B 294821608 428 33973.000 SH Sole 33973.000
Experian PLC Sp ADR 30215c101 494 28565.000 SH Sole 28565.000
Fresenius Med Care AG & Co KGA 358029106 367 10847.000 SH Sole 10847.000
Gazprom OAO Sp ADR 368287207 284 33112.000 SH Sole 33112.000
GlaxoSmithKline PLC Sp ADR 37733w105 711 15156.602 SH Sole 15156.602
Honda Motor Ltd American 438128308 543 14201.000 SH Sole 14201.000
HSBC Holdings PLC Sp ADR 404280406 913 17112.000 SH Sole 17112.000
ING Groep NV Sp ADR 456837103 251 34825.000 SH Sole 34825.000
Kimberly Clark de Mexico SAB d 494386204 180 10289.000 SH Sole 10289.000
Kingfisher PLC Sp ADR 495724403 363 41480.000 SH Sole 41480.000
Koninklijke Philips Electronic 500472303 705 23871.000 SH Sole 23871.000
Korea Electric Power Sp ADR 500631106 274 20128.000 SH Sole 20128.000
Kubota Corp ADR 501173207 435 6021.000 SH Sole 6021.000
Lloyds Banking Group PLC Sp AD 539439109 237 79101.000 SH Sole 79101.000
Luxottica Group SPA Sp ADR 55068r202 510 10137.000 SH Sole 10137.000
Marks & Spencer Group PLC Sp A 570912105 283 23899.000 SH Sole 23899.000
Mitsubishi UFJ Financial Group 606822104 387 64571.000 SH Sole 64571.000
Mizuho Financial Group Inc Sp 60687y109 247 57746.000 SH Sole 57746.000
National Australia Bank Ltd Sp 632525408 322 10007.000 SH Sole 10007.000
National Grid PLC Sp ADR 636274300 702 12093.000 SH Sole 12093.000
Nestle SA Sp ADR 641069406 1234 17016.000 SH Sole 17016.000
Nidec Corp Sp ADR 654090109 196 13079.000 SH Sole 13079.000
Nokia Corp Sp ADR 654902204 141 43071.000 SH Sole 43071.000
Nomura Holdings Inc Sp ADR 65535h208 210 33974.000 SH Sole 33974.000
Novartis AG Sp ADR 66987v109 1170 16419.000 SH Sole 16419.000
Novo-Nordisk AS ADR 670100205 434 2690.000 SH Sole 2690.000
NTT Docomo Inc Sp ADR 62942m201 176 11831.000 SH Sole 11831.000
Panasonic Corp ADR 69832a205 385 52565.000 SH Sole 52565.000
Prudential PLC ADR 74435k204 594 18360.000 SH Sole 18360.000
Reckitt Benckiser PLC Sp ADR 756255204 414 28864.000 SH Sole 28864.000
Rio Tinto PLC Sp ADR 767204100 386 8204.000 SH Sole 8204.000
Roche Holding Ltd Sp ADR 771195104 934 16014.000 SH Sole 16014.000
Royal Bank Scotland Group PLC 780097689 115 13654.000 SH Sole 13654.000
Royal Dutch Shell PLC Sp ADR A 780259206 346 5304.000 SH Sole 5304.000
Royal Dutch Shell PLC Sp ADR B 780259107 251 3758.000 SH Sole 3758.000
SABMiller PLC Sp ADR 78572m105 419 7960.000 SH Sole 7960.000
Sanofi Sp ADR 80105n105 802 15708.000 SH Sole 15708.000
SAP AG Sp ADR 803054204 404 5016.000 SH Sole 5016.000
Sberbank Russia Sp ADR 80585y308 330 25997.000 SH Sole 25997.000
Siemens AG Sp ADR 826197501 2241 20792.000 SH Sole 20792.000
Smith & Nephew PLC Sp ADR 83175m205 245 4239.000 SH Sole 4239.000
Sony Corp ADR 835699307 360 20714.000 SH Sole 20714.000
Statoil ASA Sp ADR 85771p102 218 8850.000 SH Sole 8850.000
Sumitomo Mitsui Financial Grou 86562m209 278 34010.000 SH Sole 34010.000
Syngenta AG Sp ADR 87160a100 261 3113.000 SH Sole 3113.000
Taiwan Semiconductor Mfg Ltd S 874039100 320 18640.000 SH Sole 18640.000
Telefonica SA Sp ADR 879382208 168 12409.000 SH Sole 12409.000
Tesco PLC Sp ADR 881575302 333 19139.000 SH Sole 19139.000
Teva Pharmaceutical Industries 881624209 212 5334.000 SH Sole 5334.000
Total SA Sp ADR 89151e109 327 6825.214 SH Sole 6825.214
Toyota Motor Corp Sp ADR 2 892331307 1165 11353.714 SH Sole 11353.714
Unilever NV NY 904784709 406 9902.000 SH Sole 9902.000
Unilever PLC Sp ADR 904767704 289 6853.689 SH Sole 6853.689
Vale SA ADR 91912e105 319 18463.000 SH Sole 18463.000
Veolia Environnement Sp ADR 92334n103 146 11514.000 SH Sole 11514.000
Vodafone Group PLC Sp ADR 92857w209 401 14133.000 SH Sole 14133.000
Volkswagen AG Sp ADR 928662303 392 10412.000 SH Sole 10412.000
Wal-Mart de Mexico SAB de CV S 93114w107 416 12720.000 SH Sole 12720.000
Westpac Banking Corp Sp ADR 961214301 466 2895.000 SH Sole 2895.000
Xinyuan Real Estate Co Ltd Sp 98417p105 72 14563.000 SH Sole 14563.000
American Assets Tr Inc 024013104 657 20525.00 SH Sole 20525.00
Boston Properties Inc 101121101 585 5790.00 SH Sole 5790.00
Camden Property Trust 133131102 515 7500.00 SH Sole 7500.00
CBL & Assoc Properties Inc 124830100 686 29075.00 SH Sole 29075.00
Corrections Corp America New 22025y407 607 15545.00 SH Sole 15545.00
Digital Realty Trust Inc 253868103 344 5137.01 SH Sole 5137.01
Equity Residential 29476l107 505 9169.00 SH Sole 9169.00
Essex Property Trust Inc 297178105 646 4290.00 SH Sole 4290.00
Extra Space Storage Inc 30225t102 581 14785.00 SH Sole 14785.00
Kimco Realty Corp 49446r109 347 15510.48 SH Sole 15510.48
Liberty Property Trust 531172104 595 14980.00 SH Sole 14980.00
Plum Creek Timber Co Inc 729251108 650 12456.01 SH Sole 12456.01
Public Storage 74460d109 1360 8927.48 SH Sole 8927.48
Rayonier Inc 754907103 543 9096.25 SH Sole 9096.25
Simon Property Group Inc 828806109 613 3866.00 SH Sole 3866.00
Weyerhaeuser Co 962166104 698 22229.00 SH Sole 22229.00