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
AGILENT TECHNOLOGIES INC COM 00846U101 26,377 580,600 SH   SOLE NO 219,435 0 361,165
AIR PRODS & CHEMS INC COM 009158106 36,763 378,000 SH   SOLE NO 145,200 0 232,800
ALTRIA GROUP INC COM 02209S103 23,857 640,200 SH   SOLE NO 226,700 0 413,500
ANADARKO PETE CORP COM 032511107 29,537 323,400 SH   SOLE NO 121,900 0 201,500
APOLLO GROUP INC CL A 037604105 22,781 1,221,620 SH   SOLE NO 575,320 0 646,300
BABCOCK & WILCOX CO NEW COM 05615F102 14,716 461,059 SH   SOLE NO 171,810 0 289,249
BARD C R INC COM 067383109 4,738 43,600 SH   SOLE NO 43,600 0 0
BOEING CO COM 097023105 37,273 342,300 SH   SOLE NO 129,000 0 213,300
CARNIVAL CORP PAIRED CTF 143658300 21,092 578,800 SH   SOLE NO 219,400 0 359,400
CITIGROUP INC COM NEW 172967424 30,421 596,500 SH   SOLE NO 223,900 0 372,600
DISNEY WALT CO COM DISNEY 254687106 19,649 292,500 SH   SOLE NO 107,700 0 184,800
JOHNSON & JOHNSON COM 478160104 26,825 293,350 SH   SOLE NO 104,350 0 189,000
MICROSOFT CORP COM 594918104 47,679 1,299,357 SH   SOLE NO 493,357 0 806,000
NASDAQ OMX GROUP INC COM 631103108 16,377 470,100 SH   SOLE NO 177,300 0 292,800
ORACLE CORP COM 68389X105 33,140 1,015,200 SH   SOLE NO 386,600 0 628,600
STATE STR CORP COM 857477103 13,143 189,650 SH   SOLE NO 71,750 0 117,900
TOTAL SYS SVCS INC COM 891906109 23,596 906,400 SH   SOLE NO 331,300 0 575,100
UNITEDHEALTH GROUP INC COM 91324P102 51,074 738,034 SH   SOLE NO 323,434 0 414,600
WELLS FARGO & CO NEW COM 949746101 28,969 660,600 SH   SOLE NO 249,500 0 411,100
WESTERN UN CO COM 959802109 30,695 1,687,565 SH   SOLE NO 641,065 0 1,046,500
AVIVA PLC ADR 05382A104 2,649 254,443 SH   SOLE NO 254,443 0 0
AXA SPONSORED ADR 054536107 1,780 90,420 SH   SOLE NO 90,420 0 0
BARCLAYS PLC ADR 06738E204 2,760 161,187 SH   SOLE NO 161,187 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 4,210 40,893 SH   SOLE NO 40,893 0 0
CARNIVAL PLC ADR 14365C103 1,657 47,269 SH   SOLE NO 47,269 0 0
CNOOC LTD SPONSORED ADR 126132109 2,728 16,287 SH   SOLE NO 16,287 0 0
HSBC HOLDINGS PLC SPON ADR NEW 404280406 4,300 82,843 SH   SOLE NO 82,843 0 0
IMPERIAL OIL LTD COM NEW 453038408 2,368 61,980 SH   SOLE NO 61,980 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 2,508 653,172 SH   SOLE NO 653,172 0 0
NOVARTIS A G SPONSORED ADR 66987V109 4,165 58,909 SH   SOLE NO 58,909 0 0
REED ELSEVIER N V SPONS ADR NEW 758204200 5,006 151,145 SH   SOLE NO 151,145 0 0
RIO TINTO PLC SPONSORED ADR 767204100 2,496 60,766 SH   SOLE NO 60,766 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 2,944 46,137 SH   SOLE NO 46,137 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 227,791 4,420,542 SH   SOLE NO 3,257,285 0 1,163,257
SANOFI SPONSORED ADR 80105N105 4,553 88,394 SH   SOLE NO 88,394 0 0
SAP AG SPON ADR 803054204 1,959 26,903 SH   SOLE NO 26,903 0 0
SIEMENS A G SPONSORED ADR 826197501 4,371 43,140 SH   SOLE NO 43,140 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 1,529 165,869 SH   SOLE NO 165,869 0 0
TOTAL S A SPONSORED ADR 89151E109 3,594 73,805 SH   SOLE NO 73,805 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 4,675 38,747 SH   SOLE NO 38,747 0 0
UBS AG SHS NEW H89231338 3,893 229,679 SH   SOLE NO 229,679 0 0
VODAFONE GROUP PLC NEW SPON ADR NEW 92857W209 3,769 131,121 SH   SOLE NO 131,121 0 0
ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 182 44,896 SH   SOLE NO 0 0 44,896
AU OPTRONICS CORP SPONSORED ADR 002255107 291 84,112 SH   SOLE NO 0 0 84,112
BRF SA SPONSORED ADR 10552T107 1,196 55,100 SH   SOLE NO 55,100 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 14,863 287,100 SH   SOLE NO 182,600 0 104,500
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 10,311 146,490 SH   SOLE NO 109,590 0 36,900
CHINA YUCHAI INTL LTD COM G21082105 2,231 126,569 SH   SOLE NO 72,000 0 54,569
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 238 7,423 SH   SOLE NO 0 0 7,423
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 4,074 391,322 SH   SOLE NO 255,400 0 135,922
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1,864 18,067 SH   SOLE NO 12,700 0 5,367
GIANT INTERACTIVE GROUP INC ADR 374511103 1,267 158,200 SH   SOLE NO 158,200 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 164 4,516 SH   SOLE NO 0 0 4,516
ICICI BK LTD ADR 45104G104 168 4,400 SH   SOLE NO 0 0 4,400
INFOSYS LTD SPONSORED ADR 456788108 86 2,095 SH   SOLE NO 0 0 2,095
KT CORP SPONSORED ADR 48268K101 6,753 435,119 SH   SOLE NO 293,800 0 141,319
PETROCHINA CO LTD SPONSORED ADR 71646E100 2,225 20,107 SH   SOLE NO 13,600 0 6,507
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 8,359 570,200 SH   SOLE NO 245,700 0 324,500
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 461 73,469 SH   SOLE NO 0 0 73,469
SK TELECOM LTD SPONSORED ADR 78440P108 12,921 635,544 SH   SOLE NO 512,970 0 122,574
STERLITE INDS INDIA LTD ADS 859737207 70 11,993 SH   SOLE NO 0 0 11,993
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 17,920 978,191 SH   SOLE NO 668,500 0 309,691
TATA MTRS LTD SPONSORED ADR 876568502 846 36,103 SH   SOLE NO 10,400 0 25,703
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 2,314 4,445,249 SH   SOLE NO 2,044,000 0 2,401,249
VALE S A ADR REPSTG PFD 91912E204 7,778 639,640 SH   SOLE NO 432,200 0 207,440
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 16,929 1,047,600 SH   SOLE NO 431,000 0 616,600