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
Abbott Laboratories COMMON 002824100 5,103 132,868 SH   SOLE   115,642 0 17,226
Aetna COMMON 00817Y108 10,870 87,655 SH   SOLE   75,434 0 12,221
Agrium COMMON 008916108 1,727 17,174 SH   SOLE   15,335 0 1,839
Alaska Air Group COMMON 011659109 1,040 11,716 SH   SOLE   10,981 0 735
Allianz SE COMMON 018805101 1,154 70,016 SH   SOLE   67,381 0 2,635
Allstate COMMON 020002101 1,803 24,331 SH   SOLE   23,386 0 945
American Eagle Outfitters COMMON 02553E106 5,946 391,949 SH   SOLE   344,723 0 47,226
American Railcar COMMON 02916P103 2,881 63,603 SH   SOLE   58,101 0 5,502
Amgen Inc COMMON 031162100 8,173 55,900 SH   SOLE   49,510 0 6,389
Anworth Mortgage Asset Corp COMMON 037347101 1,784 345,043 SH   SOLE   319,319 0 25,724
Apple Computer COMMON 037833100 10,333 89,218 SH   SOLE   79,461 0 9,758
Archer-Daniels-Midland COMMON 039483102 7,928 173,668 SH   SOLE   153,076 0 20,593
AT&T Inc COMMON 00206r102 2,304 54,171 SH   SOLE   48,566 0 5,605
AVX Corp COMMON 002444107 2,192 140,261 SH   SOLE   132,052 0 8,209
Axis Capital COMMON G0692U109 6,467 99,082 SH   SOLE   83,684 0 15,398
Baker Hughes COMMON 057224107 5,225 80,429 SH   SOLE   68,423 0 12,005
Bank of America COMMON 060505104 5,774 261,283 SH   SOLE   211,739 0 49,545
Bank of NY Mellon Corp COMMON 064058100 6,780 143,099 SH   SOLE   123,213 0 19,886
Barrick Gold COMMON 067901108 2,836 177,492 SH   SOLE   148,396 0 29,096
BB&T Corporation COMMON 054937107 5,486 116,673 SH   SOLE   102,616 0 14,057
Benchmark Electronics COMMON 08160h101 7,022 230,232 SH   SOLE   201,843 0 28,389
BHP Billiton COMMON 088606108 660 18,439 SH   SOLE   17,807 0 632
Biogen Idec COMMON 09062X103 4,802 16,934 SH   SOLE   14,350 0 2,584
Boeing Co COMMON 097023105 1,646 10,576 SH   SOLE   10,068 0 508
Brocade Communications Systems COMMON 111621306 7,051 564,566 SH   SOLE   484,938 0 79,627
CA Inc COMMON 12673P105 6,390 201,134 SH   SOLE   175,926 0 25,208
Canadian Imperial Bank of Commerce (CIBC) COMMON 136069101 3,606 44,189 SH   SOLE   38,067 0 6,121
Capital One Financial COMMON 14040H105 6,423 73,627 SH   SOLE   64,088 0 9,538
Cardinal Health COMMON 14149Y108 1,399 19,441 SH   SOLE   16,673 0 2,768
Carnival Corp COMMON 143658300 1,187 22,797 SH   SOLE   22,520 0 277
Caterpillar COMMON 149123101 5,584 60,210 SH   SOLE   53,485 0 6,725
Celanese Corp COMMON 150870103 8,402 106,702 SH   SOLE   92,617 0 14,085
Cisco Systems COMMON 17275R102 9,070 300,131 SH   SOLE   264,272 0 35,859
Coach COMMON 189754104 6,153 175,701 SH   SOLE   153,991 0 21,710
Comcast Corp CL A COMMON 20030N101 8,340 120,778 SH   SOLE   103,377 0 17,401
Corning COMMON 219350105 8,885 366,097 SH   SOLE   323,627 0 42,471
CSX COMMON 126408103 1,263 35,149 SH   SOLE   34,447 0 702
Cummins Inc COMMON 231021106 5,927 43,370 SH   SOLE   37,270 0 6,100
CVS Health COMMON 126650100 3,572 45,261 SH   SOLE   38,985 0 6,275
Deere & Co. COMMON 244199105 6,617 64,213 SH   SOLE   56,626 0 7,587
Delta Air Lines COMMON 247361702 4,727 96,092 SH   SOLE   81,086 0 15,006
Digital Realty Trust COMMON 253868103 5,186 52,783 SH   SOLE   45,003 0 7,780
Diodes COMMON 254543101 430 16,768 SH   SOLE   11,003 0 5,765
DSW Inc COMMON 23334L102 2,266 100,039 SH   SOLE   91,453 0 8,586
Eaton Corp PLC COMMON G29183103 7,600 113,277 SH   SOLE   100,994 0 12,283
Entergy COMMON 29364G103 3,640 49,550 SH   SOLE   46,051 0 3,499
Ericsson COMMON 294821608 1,606 275,507 SH   SOLE   243,856 0 31,651
Exxon Mobil COMMON 30231G102 5,460 60,489 SH   SOLE   54,171 0 6,317
FedEx Corp COMMON 31428X106 5,510 29,593 SH   SOLE   24,476 0 5,117
Fifth Third Bancorp COMMON 316773100 5,925 219,685 SH   SOLE   184,083 0 35,603
Fluor COMMON 343412102 3,961 75,418 SH   SOLE   63,917 0 11,502
Foot Locker COMMON 344849104 1,266 17,861 SH   SOLE   17,404 0 457
General Electric Co. COMMON 369604103 1,697 53,711 SH   SOLE   49,311 0 4,400
General Motors COMMON 37045V100 5,375 154,288 SH   SOLE   131,793 0 22,495
Gilead Sciences COMMON 375558103 4,257 59,446 SH   SOLE   53,355 0 6,091
Goldman Sachs Group COMMON 38141G104 4,140 17,292 SH   SOLE   14,491 0 2,801
Goodyear Tire COMMON 382550101 6,458 209,205 SH   SOLE   182,437 0 26,768
Halliburton Co. COMMON 406216101 3,858 71,321 SH   SOLE   59,382 0 11,939
HollyFrontier Corp COMMON 436106108 4,438 135,460 SH   SOLE   120,109 0 15,351
Honda Motor COMMON 438128308 1,469 50,339 SH   SOLE   46,341 0 3,998
HSBC Holdings PLC COMMON 404280406 1,470 36,578 SH   SOLE   33,794 0 2,784
ING Groep NV COMMON 456837103 4,831 342,649 SH   SOLE   282,448 0 60,201
Intel COMMON 458140100 8,885 244,974 SH   SOLE   219,399 0 25,575
Int'l Business Machines COMMON 459200101 5,983 36,042 SH   SOLE   32,287 0 3,755
Jabil Circuit COMMON 466313103 2,649 111,931 SH   SOLE   100,745 0 11,186
Johnson & Johnson COMMON 478160104 7,226 62,716 SH   SOLE   56,475 0 6,241
JP Morgan Chase COMMON 46625H100 10,239 118,662 SH   SOLE   104,587 0 14,075
Keycorp COMMON 493267108 2,255 123,439 SH   SOLE   110,952 0 12,487
Kimberly Clark COMMON 494368103 1,646 14,428 SH   SOLE   13,113 0 1,315
Kohl's COMMON 500255104 4,543 91,996 SH   SOLE   78,619 0 13,377
Manpower Inc COMMON 56418H100 9,592 107,930 SH   SOLE   93,956 0 13,974
Marvell Tech COMMON g5876h105 3,332 240,238 SH   SOLE   207,142 0 33,096
McKesson COMMON 58155Q103 2,981 21,226 SH   SOLE   18,428 0 2,798
MDC Holdings COMMON 552676108 6,778 264,151 SH   SOLE   231,766 0 32,385
Medtronic PLC COMMON G5960L103 1,305 18,321 SH   SOLE   16,849 0 1,472
Merck & Co. COMMON 58933Y105 1,836 31,185 SH   SOLE   28,275 0 2,910
Metlife COMMON 59156r108 5,776 107,180 SH   SOLE   93,143 0 14,037
Microsoft COMMON 594918104 11,018 177,315 SH   SOLE   156,733 0 20,582
Mosaic Company New COMMON 61945c103 3,376 115,109 SH   SOLE   101,348 0 13,761
National Oilwell COMMON 637071101 5,174 138,195 SH   SOLE   121,689 0 16,506
Navios Maritime Holdings Inc COMMON Y62196103 518 367,249 SH   SOLE   314,223 0 53,026
Newmont Mining Corp Holding Co. COMMON 651639106 2,385 69,994 SH   SOLE   64,995 0 4,999
Nike Inc. COMMON 654106103 4,608 90,661 SH   SOLE   77,822 0 12,839
Nippon Telegraph and Telephone COMMON 654624105 3,263 77,552 SH   SOLE   63,710 0 13,843
Norfolk Southern COMMON 655844108 8,169 75,589 SH   SOLE   65,647 0 9,942
Oceaneering Int'l COMMON 675232102 2,550 90,398 SH   SOLE   74,622 0 15,776
Old National Bancorp COMMON 680033107 5,825 320,937 SH   SOLE   278,674 0 42,263
Oracle COMMON 68389X105 5,687 147,907 SH   SOLE   126,914 0 20,992
PetMed Express COMMON 716382106 2,231 96,699 SH   SOLE   90,634 0 6,065
Pfizer COMMON 717081103 2,408 74,141 SH   SOLE   64,665 0 9,476
PNC Bank COMMON 693475105 6,685 57,154 SH   SOLE   49,197 0 7,956
Prudential COMMON 744320102 9,272 89,103 SH   SOLE   79,285 0 9,818
Qualcomm COMMON 747525103 2,633 40,380 SH   SOLE   36,678 0 3,702
Rayonier COMMON 754907103 803 30,192 SH   SOLE   26,450 0 3,742
Royal Caribbean Cruises COMMON v7780t103 7,222 88,036 SH   SOLE   74,650 0 13,387
Royal Dutch Shell A COMMON 780259206 2,329 42,826 SH   SOLE   35,604 0 7,221
Sanofi COMMON 80105n105 3,776 93,371 SH   SOLE   83,008 0 10,363
Schlumberger COMMON 806857108 1,174 13,980 SH   SOLE   12,311 0 1,669
Seagate Technology COMMON g7945m107 8,010 209,855 SH   SOLE   183,811 0 26,044
Ship Finance Int'l COMMON G81075106 2,867 193,042 SH   SOLE   177,954 0 15,088
Shire Pharmaceuticals COMMON 82481R106 3,531 20,722 SH   SOLE   17,802 0 2,920
Staples COMMON 855030102 1,921 212,225 SH   SOLE   180,451 0 31,774
Symantec COMMON 871503108 5,889 246,504 SH   SOLE   219,679 0 26,825
Synchrony Financial COMMON 87165B103 1,592 43,892 SH   SOLE   41,053 0 2,839
Target COMMON 87612E106 5,299 73,369 SH   SOLE   62,591 0 10,778
TeeKay Shipping COMMON Y8564W103 1,054 131,241 SH   SOLE   110,849 0 20,392
The Travelers Companies COMMON 89417e109 2,325 18,994 SH   SOLE   17,333 0 1,661
Total SA COMMON 89151e109 3,132 61,443 SH   SOLE   58,224 0 3,219
Trinity Industries COMMON 896522109 3,453 124,370 SH   SOLE   110,112 0 14,259
Tsakos Energy COMMON G9108L108 1,603 341,884 SH   SOLE   289,249 0 52,635
Tutor Perini Corp COMMON 901109108 4,851 173,235 SH   SOLE   148,039 0 25,196
Tyson Foods COMMON 902494103 4,331 70,212 SH   SOLE   60,271 0 9,941
Universal Corp COMMON 913456109 1,129 17,716 SH   SOLE   17,086 0 630
Wal-Mart Stores COMMON 931142103 5,293 76,578 SH   SOLE   68,957 0 7,621
Walt Disney COMMON 254687106 11,080 106,312 SH   SOLE   93,229 0 13,084
Wells Fargo & Co. COMMON 949746101 5,904 107,132 SH   SOLE   95,279 0 11,853
Whirpool COMMON 963320106 6,133 33,741 SH   SOLE   29,761 0 3,981
Williams Sonoma COMMON 969904101 1,040 21,483 SH   SOLE   17,705 0 3,778
Yamana Gold COMMON 98462Y100 2,194 780,799 SH   SOLE   707,935 0 72,864
Consumer Discret Select Sector SPDR ETF 81369Y407 4,472 54,935 SH   SOLE   54,322 0 613
Consumer Staples Select Sector SPDR ETF 81369Y308 395 7,636 SH   SOLE   6,984 0 652
Direxion Daily Dev Mkts Bull 3X Shrs ETF 25459W789 414 9,179 SH   SOLE   9,179 0 0
Direxion Daily S&P500 Bull 3X Shares ETF 25459W862 518 4,803 SH   SOLE   4,803 0 0
Direxion Daily Small Cap Bull 3X Shares ETF 25459W847 381 3,764 SH   SOLE   3,754 0 10
Energy Select Sector SPDR ETF 81369Y506 3,506 46,547 SH   SOLE   45,860 0 687
Financials Select Sector SPDR ETF 81369Y605 4,617 198,581 SH   SOLE   196,258 0 2,323
Global X FTSE Colombia 20 ETF ETF 37950E200 1,298 142,357 SH   SOLE   142,357 0 0
Health Care Select Sector SPDR ETF 81369Y209 4,242 61,525 SH   SOLE   60,841 0 684
Industrial Select Sector SPDR ETF 81369Y704 2,675 42,989 SH   SOLE   42,989 0 0
iShares Barclays 3-7 Year Treasury Bond ETF ETF 464288661 1,148 9,370 SH   SOLE   9,215 0 155
iShares Barclays Agency Bond ETF 464288166 1,080 9,589 SH   SOLE   9,118 0 471
iShares Barclays MBS Bond ETF ETF 464288588 2,809 26,417 SH   SOLE   25,253 0 1,164
iShares Barclays TIPS Bond ETF 464287176 1,204 10,641 SH   SOLE   10,246 0 395
iShares Core U.S. Value ETF 464287663 274 5,569 SH   SOLE   5,569 0 0
iShares iBoxx High Yield Corporate Bond ETF 464288513 1,146 13,244 SH   SOLE   12,810 0 434
iShares iBoxx Invest Grade Corp Bond ETF 464287242 2,789 23,801 SH   SOLE   23,195 0 606
iShares JPMorgan USD Emerg Markets Bond ETF 464288281 535 4,855 SH   SOLE   4,855 0 0
iShares MSCI All Peru Capped Index Fund ETF 464289842 1,768 53,913 SH   SOLE   53,316 0 597
iShares MSCI Australia Index ETF 464286103 3,839 189,758 SH   SOLE   183,623 0 6,135
iShares MSCI Austria Index ETF 464286202 1,479 89,494 SH   SOLE   89,494 0 0
iShares MSCI Belgium Capped Index ETF 464286301 1,657 94,635 SH   SOLE   87,601 0 7,034
iShares MSCI Brazil Capped Index Fund ETF 464286400 4,170 125,083 SH   SOLE   121,233 0 3,850
iShares MSCI Canada Index ETF 464286509 496 18,982 SH   SOLE   17,739 0 1,243
iShares MSCI Chile Capped ETF ETF 464286640 1,812 48,426 SH   SOLE   47,928 0 498
iShares MSCI France Index Fund ETF 464286707 1,322 53,576 SH   SOLE   53,576 0 0
iShares MSCI Frontier 100 ETF 464286145 249 10,032 SH   SOLE   10,032 0 0
iShares MSCI Germany Index Fund ETF 464286806 4,052 153,022 SH   SOLE   148,210 0 4,812
iShares MSCI Hong Kong Index ETF 464286871 1,607 82,496 SH   SOLE   82,496 0 0
iShares MSCI India Index Fund ETF 46429B598 1,225 45,690 SH   SOLE   44,966 0 724
iShares MSCI Indonesia Index ETF 46429B309 2,480 102,774 SH   SOLE   97,625 0 5,149
iShares MSCI Italy Capped Inde ETF 46434G830 531 21,916 SH   SOLE   21,916 0 0
iShares MSCI Japan Index ETF 46434G822 5,488 112,318 SH   SOLE   109,761 0 2,557
iShares MSCI Netherlands Inves ETF 464286814 2,825 116,984 SH   SOLE   111,823 0 5,161
iShares MSCI New Zealand Index ETF 464289123 1,909 48,061 SH   SOLE   47,025 0 1,036
iShares MSCI Philippines Index ETF 46429B408 736 22,717 SH   SOLE   21,463 0 1,254
iShares MSCI Poland Investable ETF ETF 46429B606 779 42,984 SH   SOLE   40,760 0 2,224
iShares MSCI South Africa Index ETF 464286780 1,207 23,045 SH   SOLE   22,677 0 368
iShares MSCI South Korea Index ETF 464286772 3,507 65,892 SH   SOLE   63,567 0 2,325
iShares MSCI Spain Capped Index ETF 464286764 1,235 46,572 SH   SOLE   46,572 0 0
iShares MSCI Switzerland Index ETF 464286749 3,195 108,458 SH   SOLE   105,548 0 2,910
iShares MSCI Taiwan Index ETF 46434G772 4,030 137,202 SH   SOLE   134,160 0 3,042
iShares MSCI Thailand Capped ETF ETF 464286624 2,884 40,007 SH   SOLE   39,122 0 885
iShares MSCI Turkey Investable Market Index Fund ETF 464286715 594 18,285 SH   SOLE   17,298 0 987
iShares MSCI United Kingdom Index ETF 46435G334 2,758 89,868 SH   SOLE   87,046 0 2,822
iShares National Muni Bond ETF 464288414 855 7,903 SH   SOLE   7,652 0 251
iShares Russell 2000 Value Index Fund ETF 464287630 348 2,926 SH   SOLE   2,696 0 230
iShares Russell Microcap Index ETF 464288869 1,494 17,401 SH   SOLE   17,258 0 143
Materials Select Sector SPDR ETF 81369Y100 331 6,653 SH   SOLE   6,653 0 0
PIMCO 0-5 Year High Yield Corporate Bond Index ETF ETF 72201R783 1,738 17,401 SH   SOLE   16,659 0 742
Powershares DB Optimum Yield ETF 73937V106 680 39,336 SH   SOLE   39,336 0 0
Powershares Senior Loan Portfolio ETF 73936Q769 2,011 86,091 SH   SOLE   81,910 0 4,181
SPDR S&P Bank ETF ETF 78464a797 1,834 42,184 SH   SOLE   41,550 0 634
SPDR S&P Emerging Markets Small Cap ETF ETF 78463X756 2,231 56,158 SH   SOLE   56,158 0 0
Technology Select Sector SPDR ETF 81369Y803 6,876 142,191 SH   SOLE   141,169 0 1,022
Vaneck Vectors Emerging Markets High Yield Bond ETF ETF 92189F353 5,868 244,076 SH   SOLE   239,217 0 4,859
Vaneck Vectors Russia ETF ETF 92189F403 4,206 198,230 SH   SOLE   191,994 0 6,236
VanEck Vectors Semiconductor ETF ETF 92189f676 788 11,000 SH   SOLE   11,000 0 0
Vanguard Interm-Tm Corp Bond Index ETF ETF 92206C870 1,804 21,046 SH   SOLE   20,008 0 1,038
Vanguard Mortgage-Backed Securities ETF ETF 92206c771 2,692 51,479 SH   SOLE   50,095 0 1,384
Vanguard Short-Term Bond ETF ETF 921937827 258 3,253 SH   SOLE   2,923 0 330
Vanguard Short-Term Corp Bond Index ETF ETF 92206C409 288 3,626 SH   SOLE   3,479 0 147
Vanguard Total Bond Market ETF ETF 921937835 1,316 16,288 SH   SOLE   15,422 0 866
Vanguard Total Stock Market ETF ETF 922908769 234 2,030 SH   SOLE   2,030 0 0