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
AETNA INC COM 00817Y108 1,480 13,540 SH   SOLE   3,600 0 9,940
AFLAC INC COM 001055102 4,270 73,543 SH   SOLE   7,000 0 66,543
AFLAC INC COM 001055102 2,769 47,700 SH   DFND 1 0 0 47,700
AGCO CORP COM 001084102 821 17,619 SH   SOLE   8,619 0 9,000
ALLSTATE C COM 020002101 3,168 54,400 SH   SOLE   6,500 0 47,900
ALLSTATE C COM 020002101 2,405 41,300 SH   DFND 1 0 0 41,300
ALLY FINAN COM 02005N100 666 32,700 SH   SOLE   0 0 32,700
AMERICAN F COM 025932104 3,218 47,400 SH   SOLE   0 0 47,400
AMERICAN F COM 025932104 3,218 47,400 SH   DFND 1 0 0 47,400
AMERICAN I COM 026874784 4,620 81,433 SH   SOLE   7,400 0 74,033
AMERICAN I COM 026874784 3,080 54,300 SH   DFND 1 0 0 54,300
AON PLC COM G0408V102 407 4,600 SH   SOLE   0 0 4,600
ARCHER-DAN COM 039483102 656 15,830 SH   SOLE   0 0 15,830
ASSURANT I COM 04621X108 1,598 21,127 SH   SOLE   6,600 0 14,527
AU OPTRONI ADR 002255107 300 104,710 SH   SOLE   0 0 104,710
AVNET INC COM 053807103 427 10,000 SH   SOLE   9,800 0 200
BANK OF MO COM 063671101 5,782 105,995 SH   SOLE   18,900 0 87,095
BANK OF MO COM 063671101 2,338 42,863 SH   DFND 1 0 0 42,863
BED BATH & COM 075896100 1,137 19,940 SH   SOLE   2,300 0 17,640
BLACKROCK COM 09247X101 556 1,873 SH   SOLE   0 0 1,873
BROCADE CO COM 111621306 953 92,003 SH   SOLE   0 0 92,003
CA INC COM 12673P105 1,077 39,534 SH   SOLE   14,434 0 25,100
CABOT CORP COM 127055101 638 20,200 SH   SOLE   0 0 20,200
CAL-MAINE COM 128030202 679 12,825 SH   SOLE   0 0 12,825
CAN IMPERI COM 136069101 5,961 82,746 SH   SOLE   15,200 0 67,546
CAN IMPERI COM 136069101 2,565 35,600 SH   DFND 1 0 0 35,600
CANADIAN N COM 136385101 2,011 103,600 SH   SOLE   0 0 103,600
CAPITAL ON COM 14040H105 1,045 14,420 SH   SOLE   5,200 0 9,220
CATERPILLA COM 149123101 667 10,200 SH   SOLE   5,000 0 5,200
CELESTICA COM 15101Q108 6,411 502,628 SH   SOLE   89,800 0 412,828
CELESTICA COM 15101Q108 2,913 228,400 SH   DFND 1 0 0 228,400
CISCO SYST COM 17275R102 1,111 42,292 SH   SOLE   0 0 42,292
CUMMINS IN COM 231021106 3,744 34,520 SH   SOLE   3,200 0 31,320
CUMMINS IN COM 231021106 2,443 22,521 SH   DFND 1 0 0 22,521
DANA HOLDI COM 235825205 1,282 81,600 SH   SOLE   20,000 0 61,600
DELUXE COR COM 248019101 400 7,222 SH   SOLE   0 0 7,222
DILLARDS I COM 254067101 3,223 37,034 SH   SOLE   3,700 0 33,334
DILLARDS I COM 254067101 1,915 22,000 SH   DFND 1 0 0 22,000
DOMTAR COR COM 257559203 328 9,200 SH   SOLE   0 0 9,200
DOVER CORP COM 260003108 2,542 44,500 SH   SOLE   0 0 44,500
DOVER CORP COM 260003108 2,531 44,300 SH   DFND 1 0 0 44,300
EASTMAN CH COM 277432100 2,767 42,700 SH   SOLE   0 0 42,700
EASTMAN CH COM 277432100 2,754 42,500 SH   DFND 1 0 0 42,500
EMC CORP/M COM 268648102 669 27,710 SH   SOLE   0 0 27,710
EMERSON EL COM 291011104 1,360 30,815 SH   SOLE   8,200 0 22,615
ENCANA COR COM 292505104 2,437 379,000 SH   SOLE   0 0 379,000
EVEREST RE COM G3223R108 1,097 6,465 SH   SOLE   0 0 6,465
FIFTH THIR COM 316773100 519 27,500 SH   SOLE   21,700 0 5,800
FLOWSERVE COM 34354P105 982 23,887 SH   SOLE   0 0 23,887
FLUOR CORP COM 343412102 982 23,200 SH   SOLE   7,800 0 15,400
FOOT LOCKE COM 344849104 1,013 14,077 SH   SOLE   6,800 0 7,277
FOSSIL GRO COM 34988V106 966 17,300 SH   SOLE   0 0 17,300
FRANKLIN R COM 354613101 524 14,100 SH   SOLE   0 0 14,100
GENERAL EL COM 369604103 1,100 43,730 SH   SOLE   15,900 0 27,830
GENERAL MO COM 37045V100 685 22,800 SH   SOLE   0 0 22,800
GENUINE PA COM 372460105 562 6,780 SH   SOLE   0 0 6,780
GILEAD SCI COM 375558103 1,415 14,456 SH   SOLE   3,903 0 10,553
GOLDMAN SA COM 38141G104 991 5,707 SH   SOLE   2,056 0 3,651
HARLEY-DAV COM 412822108 697 12,710 SH   SOLE   0 0 12,710
HOLLYFRONT COM 436106108 529 10,851 SH   SOLE   0 0 10,851
HONEYWELL COM 438516106 634 6,700 SH   SOLE   0 0 6,700
INGREDION COM 457187102 489 5,600 SH   SOLE   0 0 5,600
INTEL CORP COM 458140100 1,558 51,700 SH   SOLE   14,000 0 37,700
INTERNATIO COM 460146103 1,237 32,766 SH   SOLE   8,332 0 24,434
INTL BUSIN COM 459200101 4,174 28,812 SH   SOLE   2,600 0 26,212
INTL BUSIN COM 459200101 2,724 18,800 SH   DFND 1 0 0 18,800
JACOBS ENG COM 469814107 635 17,000 SH   SOLE   0 0 17,000
JOHNSON & COM 478160104 427 4,567 SH   SOLE   0 0 4,567
JPMORGAN C COM 46625H100 4,004 65,720 SH   SOLE   6,700 0 59,020
JPMORGAN C COM 46625H100 3,034 49,800 SH   DFND 1 0 0 49,800
KENNAMETAL COM 489170100 287 12,000 SH   SOLE   0 0 12,000
KOHLS CORP COM 500255104 3,070 66,284 SH   SOLE   6,700 0 59,584
KOHLS CORP COM 500255104 1,820 39,300 SH   DFND 1 0 0 39,300
LEAR CORP COM 521865204 441 4,100 SH   SOLE   0 0 4,100
LINCOLN NA COM 534187109 740 15,600 SH   SOLE   7,600 0 8,000
LOGITECH I COM H50430232 5,996 463,424 SH   SOLE   56,343 0 407,081
LYONDELLBA COM N53745100 1,313 15,733 SH   SOLE   4,500 0 11,233
MAGNA INTE COM 559222401 6,059 126,890 SH   SOLE   19,600 0 107,290
MAGNA INTE COM 559222401 2,349 49,200 SH   DFND 1 0 0 49,200
MANULIFE F COM 56501R106 667 44,600 SH   SOLE   0 0 44,600
MARATHON P COM 56585A102 917 19,800 SH   SOLE   8,400 0 11,400
MARVELL TE COM G5876H105 283 31,500 SH   SOLE   30,800 0 700
MENTOR GRA COM 587200106 449 18,200 SH   SOLE   0 0 18,200
METLIFE IN COM 59156R108 1,460 30,995 SH   SOLE   8,300 0 22,695
MICHAEL KO COM G60754101 551 13,048 SH   SOLE   0 0 13,048
MICRON TEC COM 595112103 896 60,000 SH   SOLE   0 0 60,000
NATIONAL O COM 637071101 1,381 36,700 SH   SOLE   9,900 0 26,800
PARKER HAN COM 701094104 640 6,580 SH   SOLE   0 0 6,580
PRUDENTIAL COM 744320102 1,462 19,200 SH   SOLE   5,200 0 14,000
QUALCOMM I COM 747525103 1,340 25,000 SH   SOLE   6,300 0 18,700
QUANTA SER COM 74762E102 991 41,300 SH   SOLE   6,500 0 34,800
REINSURANC COM 759351604 1,549 17,158 SH   SOLE   4,600 0 12,558
RELIANCE S COM 759509102 635 11,823 SH   SOLE   0 0 11,823
SANDERSON COM 800013104 770 11,533 SH   SOLE   5,435 0 6,098
SANDISK CO COM 80004C101 583 10,730 SH   SOLE   0 0 10,730
SCRIPPS NE COM 811065101 609 12,700 SH   SOLE   0 0 12,700
SOUTHWEST COM 844741108 1,109 29,200 SH   SOLE   0 0 29,200
STAPLES IN COM 855030102 326 27,800 SH   SOLE   0 0 27,800
STATE STRE COM 857477103 637 9,480 SH   SOLE   0 0 9,480
SUN LIFE F COM 866796105 801 24,900 SH   SOLE   0 0 24,900
SYMANTEC C COM 871503108 355 18,244 SH   SOLE   0 0 18,244
TECH DATA COM 878237106 1,096 16,100 SH   SOLE   0 0 16,100
TECK RESOU COM 878742204 3,358 703,085 SH   SOLE   99,800 0 603,285
TECK RESOU COM 878742204 928 194,300 SH   DFND 1 0 0 194,300
TERADATA C COM 88076W103 243 8,424 SH   SOLE   4,324 0 4,100
TIMKEN CO COM 887389104 2,985 108,696 SH   SOLE   12,300 0 96,396
TIMKEN CO COM 887389104 2,021 73,600 SH   DFND 1 0 0 73,600
TORCHMARK COM 891027104 879 15,884 SH   SOLE   7,675 0 8,209
TRAVELERS COM 89417E109 867 8,700 SH   SOLE   4,300 0 4,400
TRINITY IN COM 896522109 675 29,724 SH   SOLE   14,568 0 15,156
TYSON FOOD COM 902494103 4,289 99,500 SH   SOLE   10,200 0 89,300
TYSON FOOD COM 902494103 3,367 78,100 SH   DFND 1 0 0 78,100
UNITED MIC ADR 910873405 1,710 1,118,424 SH   SOLE   0 0 1,118,424
UNITED MIC ADR 910873405 1,411 923,300 SH   DFND 1 0 0 923,300
UNITEDHEAL COM 91324P102 3,882 33,440 SH   SOLE   3,600 0 29,840
UNITEDHEAL COM 91324P102 3,007 25,900 SH   DFND 1 0 0 25,900
UNUM GROUP COM 91529Y106 780 25,100 SH   SOLE   12,400 0 12,700
VALERO ENE COM 91913Y100 1,567 26,100 SH   SOLE   7,400 0 18,700
VIACOM INC COM 92553P201 1,012 23,410 SH   SOLE   0 0 23,410
VISHAY INT COM 928298108 458 47,900 SH   SOLE   0 0 47,900
WAL-MART S COM 931142103 480 7,400 SH   SOLE   0 0 7,400
WESCO INTE COM 95082P105 559 12,200 SH   SOLE   6,000 0 6,200
WESTERN DI COM 958102105 1,248 15,692 SH   SOLE   4,460 0 11,232
WESTERN UN COM 959802109 4,172 227,628 SH   SOLE   19,821 0 207,807
WESTERN UN COM 959802109 2,733 149,100 SH   DFND 1 0 0 149,100