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
51JOB INC SP ADR REP COM 316827104 16,304 444,743 SH   SOLE   444,743 0 0
A10 NETWORKS INC COM 002121101 2,353 257,134 SH   SOLE   257,134 0 0
AERCAP HOLDINGS NV SHS N00985106 28,253 614,595 SH   SOLE   614,595 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 1,660 31,400 SH   SOLE   31,400 0 0
AIR LEASE CORP CL A 00912X302 20,337 524,819 SH   SOLE   524,819 0 0
AMKOR TECHNOLOGY INC COM 031652100 3,311 285,695 SH   SOLE   285,695 0 0
ANALOG DEVICES INC COM 032654105 25,256 308,190 SH   SOLE   308,190 0 0
APPLIED MATLS INC COM 038222105 7,687 197,600 SH   SOLE   197,600 0 0
ARROW ELECTRS INC COM 042735100 1,784 24,300 SH   SOLE   24,300 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 2,395 76,900 SH   SOLE   76,900 0 0
AU OPTRONICS CORP SPONSORED ADR 002255107 824 215,617 SH   SOLE   215,617 0 0
AVNET INC COM 053807103 380 8,300 SH   SOLE   8,300 0 0
AVX CORP NEW COM 002444107 13,575 828,731 SH   SOLE   828,731 0 0
BENCHMARK ELECTRS INC COM 08160H101 5,717 179,767 SH   SOLE   179,767 0 0
BHP BILLITON PLC SPONSORED ADR 05545E209 12,136 389,609 SH   SOLE   389,609 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 14,143 213,260 SH   SOLE   213,260 0 0
BRUKER CORP COM 116794108 2,872 123,100 SH   SOLE   123,100 0 0
CABOT MICROELECTRONICS CORP COM 12709P103 575 7,500 SH   SOLE   7,500 0 0
CHANGYOU COM LTD ADS REP CL A 15911M107 19,329 689,353 SH   SOLE   689,353 0 0
CHART INDS INC COM PAR $0.01 16115Q308 936 26,800 SH   SOLE   26,800 0 0
CHINA AUTOMOTIVE SYS INC COM 16936R105 317 63,563 SH   SOLE   63,563 0 0
CHINA DIGITAL TV HLDG CO LTD SPONSORED ADR 16938G107 618 483,025 SH   SOLE   483,025 0 0
CHINA DISTANCE ED HLDGS LTD SPONS ADR 16944W104 3,638 356,651 SH   SOLE   356,651 0 0
CHINA LODGING GROUP LTD SPONSORED ADR 16949N109 1,318 21,235 SH   SOLE   21,235 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 10,175 124,832 SH   SOLE   124,832 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 484 9,951 SH   SOLE   9,951 0 0
CHINA YUCHAI INTL LTD COM G21082105 2,047 110,584 SH   SOLE   110,584 0 0
CHIPMOS TECHNOLOGIES INC SPONSORED ADR 16965P103 2,068 116,482 SH   SOLE   116,482 0 0
COHU INC COM 192576106 3,072 166,393 SH   SOLE   166,393 0 0
CREE INC COM 225447101 738 27,600 SH   SOLE   27,600 0 0
DANAHER CORP DEL COM 235851102 16,618 194,300 SH   SOLE   194,300 0 0
DSP GROUP INC COM 23332B106 1,936 161,336 SH   SOLE   161,336 0 0
ELBIT SYS LTD ORD M3760D101 1,944 17,102 SH   SOLE   17,102 0 0
ENTEGRIS INC COM 29362U104 400 17,100 SH   SOLE   17,100 0 0
FIBRIA CELULOSE S A SP ADR REP COM 31573A109 246 26,900 SH   SOLE   26,900 0 0
FORTINET INC COM 34959E109 272 7,100 SH   SOLE   7,100 0 0
GLOBAL SOURCES LTD ORD G39300101 299 36,191 SH   SOLE   36,191 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 887 362,100 SH   SOLE   362,100 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106 1,332 146,100 SH   SOLE   146,100 0 0
HP INC COM 40434L105 16,364 915,195 SH   SOLE   915,195 0 0
INTEL CORP COM 458140100 21,105 585,100 SH   SOLE   585,100 0 0
INTERFACE INC COM 458665304 240 12,600 SH   SOLE   12,600 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 808 6,100 SH   SOLE   6,100 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 1,250 75,426 SH   SOLE   75,426 0 0
KADANT INC COM 48282T104 2,389 40,247 SH   SOLE   40,247 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 2,714 61,735 SH   SOLE   61,735 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 2,819 78,000 SH   SOLE   78,000 0 0
KNOWLES CORP COM 49926D109 10,976 579,200 SH   SOLE   579,200 0 0
KONGZHONG CORP SPONSORED ADR 50047P104 2,955 398,802 SH   SOLE   398,802 0 0
KT CORP SPONSORED ADR 48268K101 32,924 1,956,251 SH   SOLE   1,956,251 0 0
KULICKE & SOFFA INDS INC COM 501242101 17,650 868,612 SH   SOLE   868,612 0 0
LAM RESEARCH CORP COM 512807108 2,914 22,700 SH   SOLE   22,700 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 4,649 341,321 SH   SOLE   341,321 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 19,954 443,810 SH   SOLE   443,810 0 0
MERCER INTL INC COM 588056101 10,424 890,902 SH   SOLE   890,902 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 7,939 649,116 SH   SOLE   649,116 0 0
NETEASE INC SPONSORED ADR 64110W102 12,814 45,118 SH   SOLE   45,118 0 0
NORD ANGLIA EDUCATION INC SHS G6583A102 5,704 225,094 SH   SOLE   225,094 0 0
NOVA MEASURING INSTRUMENTS L COM M7516K103 1,634 87,902 SH   SOLE   87,902 0 0
NTT DOCOMO INC SPONS ADR 62942M201 259 11,100 SH   SOLE   11,100 0 0
ORBOTECH LTD ORD M75253100 2,775 86,050 SH   SOLE   86,050 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 11,706 375,564 SH   SOLE   375,564 0 0
PARK ELECTROCHEMICAL CORP COM 700416209 249 13,935 SH   SOLE   13,935 0 0
PEGASYSTEMS INC COM 705573103 8,986 204,925 SH   SOLE   204,925 0 0
PERKINELMER INC COM 714046109 15,417 265,542 SH   SOLE   265,542 0 0
PHILIP MORRIS INTL INC COM 718172109 15,896 140,800 SH   SOLE   140,800 0 0
PHOENIX NEW MEDIA LTD SPONSORED ADS 71910C103 1,464 419,478 SH   SOLE   419,478 0 0
PHOTRONICS INC COM 719405102 588 54,979 SH   SOLE   54,979 0 0
PRUDENTIAL PLC ADR 74435K204 11,254 265,675 SH   SOLE   265,675 0 0
QIAGEN NV SHS NEW N72482123 8,358 288,490 SH   SOLE   288,490 0 0
RADWARE LTD ORD M81873107 357 22,100 SH   SOLE   22,100 0 0
RUDOLPH TECHNOLOGIES INC COM 781270103 2,290 102,230 SH   SOLE   102,230 0 0
SCICLONE PHARMACEUTICALS INC COM 80862K104 606 61,867 SH   SOLE   61,867 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 3,730 81,200 SH   SOLE   81,200 0 0
SEMTECH CORP COM 816850101 247 7,300 SH   SOLE   7,300 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 1,162 27,800 SH   SOLE   27,800 0 0
SIERRA WIRELESS INC COM 826516106 1,564 58,900 SH   SOLE   58,900 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 14,315 568,500 SH   SOLE   568,500 0 0
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 14,409 465,865 SH   SOLE   465,865 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102 25,602 1,656,046 SH   SOLE   1,656,046 0 0
SYKES ENTERPRISES INC COM 871237103 3,383 115,082 SH   SOLE   115,082 0 0
SYNERON MEDICAL LTD ORD SHS M87245102 601 57,000 SH   SOLE   57,000 0 0
TAL ED GROUP ADS REPSTG COM 874080104 554 5,200 SH   SOLE   5,200 0 0
TARENA INTL INC ADR 876108101 3,726 199,457 SH   SOLE   199,457 0 0
TE CONNECTIVITY LTD REG SHS H84989104 5,793 77,700 SH   SOLE   77,700 0 0
TEXAS INSTRS INC COM 882508104 4,229 52,500 SH   SOLE   52,500 0 0
TRINSEO S A SHS L9340P101 6,583 98,100 SH   SOLE   98,100 0 0
TUPPERWARE BRANDS CORP COM 899896104 4,454 71,020 SH   SOLE   71,020 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 27,974 1,700,526 SH   SOLE   1,700,526 0 0
XCERRA CORP COM 98400J108 110 12,400 SH   SOLE   12,400 0 0
XILINX INC COM 983919101 208 3,600 SH   SOLE   3,600 0 0