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
ALTRIA GROUP INC COM 02209S103 76,336 1,350,359 SH   SOLE NONE 936,659 0 413,700
AMERICAN EXPRESS CO COM 025816109 57,936 638,037 SH   SOLE NONE 340,437 0 297,600
CARNIVAL CORP PAIRED CTF 143658300 108,701 1,884,452 SH   SOLE NONE 1,006,752 0 877,700
CHEVRON CORP NEW COM 166764100 123,347 1,091,275 SH   SOLE NONE 567,797 0 523,478
CITIGROUP INC COM NEW 172967424 193,739 3,015,122 SH   SOLE NONE 1,660,822 0 1,354,300
DELTA AIR LINES INC DEL COM NEW 247361702 141,929 2,954,361 SH   SOLE NONE 1,563,580 0 1,390,781
DISNEY WALT CO COM DISNEY 254687106 69,539 519,715 SH   SOLE NONE 270,315 0 249,400
E M C CORP MASS COM 268648102 145,958 4,732,497 SH   SOLE NONE 2,473,097 0 2,259,400
JOHNSON & JOHNSON COM 478160104 137,820 1,207,926 SH   SOLE NONE 635,526 0 572,400
LILLY ELI & CO COM 532457108 143,070 1,463,978 SH   SOLE NONE 773,119 0 690,859
MATTEL INC COM 577081102 84,372 2,808,228 SH   SOLE NONE 1,486,272 0 1,321,956
MICROSOFT CORP COM 594918104 154,506 2,994,891 SH   SOLE NONE 1,595,391 0 1,399,500
NATIONAL OILWELL VARCO INC COM 637071101 155,699 2,774,893 SH   SOLE NONE 1,525,993 0 1,248,900
ORACLE CORP COM 68389X105 162,345 3,465,985 SH   SOLE NONE 1,903,085 0 1,562,900
PPL CORP COM 69351T106 111,231 3,229,890 SH   SOLE NONE 1,720,190 0 1,509,700
PRUDENTIAL FINL INC COM 744320102 124,572 1,218,134 SH   SOLE NONE 650,334 0 567,800
PVH CORP COM 693656100 114,269 848,184 SH   SOLE NONE 445,684 0 402,500
QUALCOMM INC COM 747525103 128,093 1,747,401 SH   SOLE NONE 906,001 0 841,400
SM ENERGY CO COM 78454L100 66,697 1,237,196 SH   SOLE NONE 660,024 0 577,172
SYNNEX CORP COM 87162W100 74,726 873,671 SH   SOLE NONE 465,966 0 407,705
UNITED CONTL HLDGS INC COM 910047109 117,173 1,889,402 SH   SOLE NONE 1,002,202 0 887,200
UNITEDHEALTH GROUP INC COM 91324P102 115,326 809,086 SH   SOLE NONE 423,986 0 385,100
U S G CORP COM NEW 903293405 96,040 2,957,750 SH   SOLE NONE 1,576,650 0 1,381,100
WELLS FARGO & CO NEW COM 949746101 120,106 1,826,229 SH   SOLE NONE 974,429 0 851,800
AVIVA PLC ADR 05382A104 20,605 1,323,380 SH   SOLE NONE 1,323,380 0 0
BARCLAYS PLC ADR 06738E204 23,896 1,453,556 SH   SOLE NONE 1,453,556 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 27,448 253,564 SH   SOLE NONE 253,564 0 0
CARNIVAL PLC ADR 14365C103 18,832 367,238 SH   SOLE NONE 367,238 0 0
CNOOC LTD SPONSORED ADR 126132109 15,739 110,903 SH   SOLE NONE 110,903 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 10,968 397,394 SH   SOLE NONE 397,394 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 21,143 507,631 SH   SOLE NONE 507,631 0 0
HSBC HOLDINGS PLC SPON ADR NEW 404280406 22,403 499,958 SH   SOLE NONE 499,958 0 0
IMPERIAL OIL LTD COM NEW 453038408 12,075 312,671 SH   SOLE NONE 312,671 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 20,404 3,757,613 SH   SOLE NONE 3,757,613 0 0
NOVARTIS A G SPONSORED ADR 66987V109 23,278 236,714 SH   SOLE NONE 236,714 0 0
REED ELSEVIER N V SPONS ADR NEW 758204200 24,050 513,351 SH   SOLE NONE 513,351 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 150,923 2,115,253 SH   SOLE NONE 1,699,688 0 415,565
SANOFI SPONSORED ADR 80105N105 25,563 516,115 SH   SOLE NONE 516,115 0 0
SAP SE SPON ADR 803054204 12,079 171,994 SH   SOLE NONE 171,994 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 16,553 1,862,020 SH   SOLE NONE 1,862,020 0 0
TOTAL S A SPONSORED ADR 89151E109 19,577 398,159 SH   SOLE NONE 398,159 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 20,066 150,028 SH   SOLE NONE 150,028 0 0
UBS GROUP AG SHS H42097107 27,006 1,273,859 SH   SOLE NONE 1,273,859 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 16,113 442,045 SH   SOLE NONE 442,045 0 0
ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 958 145,196 SH   SOLE NONE 0 0 145,196
AMBEV SA SPONSORED ADR 02319V103 1,929 347,000 SH   SOLE NONE 0 0 347,000
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 12,132 569,300 SH   SOLE NONE 569,300 0 0
AU OPTRONICS CORP SPONSORED ADR 002255107 2,893 648,612 SH   SOLE NONE 0 0 648,612
BRF SA SPONSORED ADR 10552T107 1,194 58,800 SH   SOLE NONE 24,000 0 34,800
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 89,373 1,396,166 SH   SOLE NONE 1,044,966 0 351,200
CHANGYOU COM LTD ADS REP CL A 15911M107 2,119 78,100 SH   SOLE NONE 26,900 0 51,200
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 5,727 4,236,010 SH   SOLE NONE 670,110 0 3,565,900
CHINA YUCHAI INTL LTD COM G21082105 1,310 83,100 SH   SOLE NONE 34,600 0 48,500
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 617 19,323 SH   SOLE NONE 0 0 19,323
CREDICORP LTD COM G2519Y108 2,399 17,266 SH   SOLE NONE 0 0 17,266
DR REDDYS LABS LTD ADR 256135203 30,275 544,600 SH   SOLE NONE 35,900 0 508,700
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1,212 20,016 SH   SOLE NONE 0 0 20,016
ICICI BK LTD ADR 45104G104 39,308 3,772,375 SH   SOLE NONE 72,000 0 3,700,375
INFOSYS LTD SPONSORED ADR 456788108 1,354 85,400 SH   SOLE NONE 14,800 0 70,600
ISHARES TR MSCI EMG MKT ETF 464287234 8,023 223,037 SH   SOLE NONE 223,037 0 0
ISHARES TR MSCI INDIA ETF 46429B598 7,578 250,000 SH   SOLE NONE 0 0 250,000
JA SOLAR HOLDINGS CO LTD SPON ADR REP5ORD 466090206 1,012 118,400 SH   SOLE NONE 23,300 0 95,100
KOREA ELECTRIC PWR SPONSORED ADR 500631106 2,985 146,600 SH   SOLE NONE 0 0 146,600
KT CORP SPONSORED ADR 48268K101 934 75,800 SH   SOLE NONE 0 0 75,800
LG DISPLAY CO LTD SPONS ADR REP 50186V102 1,245 107,400 SH   SOLE NONE 0 0 107,400
MARKET VECTORS ETF TR INDIA SMALL CP 57061R551 436 10,300 SH   SOLE NONE 10,300 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 8,887 908,722 SH   SOLE NONE 0 0 908,722
NETEASE INC SPONSORED ADR 64110W102 23,305 161,300 SH   SOLE NONE 143,900 0 17,400
PETROCHINA CO LTD SPONSORED ADR 71646E100 1,751 16,607 SH   SOLE NONE 6,200 0 10,407
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 49,016 6,093,600 SH   SOLE NONE 2,468,000 0 3,625,600
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 1,111 149,169 SH   SOLE NONE 0 0 149,169
SK TELECOM LTD SPONSORED ADR 78440P108 42,238 3,297,743 SH   SOLE NONE 3,177,369 0 120,374
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 100,917 4,444,733 SH   SOLE NONE 1,443,000 0 3,001,733
TATA MTRS LTD SPONSORED ADR 876568502 35,921 1,046,003 SH   SOLE NONE 377,500 0 668,503
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 587 286,149 SH   SOLE NONE 0 0 286,149
VALE S A ADR REPSTG PFD 91912E204 8,011 1,586,300 SH   SOLE NONE 7,100 0 1,579,200
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 9,085 222,238 SH   SOLE NONE 222,238 0 0
VEDANTA LTD SPONSORED ADR 92242Y100 585 54,175 SH   SOLE NONE 0 0 54,175
WIPRO LTD SPON ADR 1 SH 97651M109 279 23,300 SH   SOLE NONE 0 0 23,300
WISDOMTREE TR INDIA ERNGS FD 97717W422 146,004 6,740,300 SH   SOLE NONE 375,500 0 6,364,800
WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 2,571 61,900 SH   SOLE NONE 26,900 0 35,000