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
APACHE CORP CMN COM 037411105 1,621 21,003 SH   SOLE   21,003 0 0
APPLE, INC CMN COM 037833100 3,143 7,100 SH   SOLE   7,100 0 0
BANCO BRADESCO SA ADR CMN COM 059460303 1,702 100,000 SH   SOLE   100,000 0 0
BANK OF AMERICA CORP CMN COM 060505104 3,715 305,000 SH   SOLE   305,000 0 0
BRITISH AMERICAN TOBACCO PLC SPONS ADR COM 110448107 29,636 276,840 SH   SOLE   276,840 0 0
CBS CORPORATION CMN CLASS B COM 124857202 1,604 34,355 SH   SOLE   34,355 0 0
CH ROBINSON WORLDWIDE INC CMN COM 12541W209 1,552 26,104 SH   SOLE   26,104 0 0
CVS CAREMARK CORPORATION CMN COM 126650100 1,617 29,404 SH   SOLE   29,404 0 0
CAPITAL ONE FINANCIAL CORP CMN COM 14040H105 2,198 40,000 SH   SOLE   40,000 0 0
COMPANIA CERVECERIAS UNIDAS SA SPONS ADR COM 204429104 5,517 166,772 SH   SOLE   166,772 0 0
DISCOVER FINANCIAL SERVICES CMN COM 254709108 1,722 38,406 SH   SOLE   38,406 0 0
EI DU PONT DE NEMOURS AND CO CMN COM 263534109 7,209 146,637 SH   SOLE   146,637 0 0
EMC CORPORATION MASS CMN COM 268648102 4,229 177,000 SH   SOLE   177,000 0 0
FEDEX CORP CMN COM 31428X106 6,088 62,000 SH   SOLE   62,000 0 0
FIRSTENERGY CORP CMN COM 337932107 1,621 38,406 SH   SOLE   38,406 0 0
FREEPORTMCMORAN COPPER GOLD CMN COM 35671D857 1,569 47,407 SH   SOLE   47,407 0 0
THE GOODYEAR TIRE RUBBER CO CMN COM 382550101 1,475 117,019 SH   SOLE   117,019 0 0
THE HOME DEPOT, INC CMN COM 437076102 1,846 26,460 SH   SOLE   26,460 0 0
ISHARES TRUST ISHARES GS SEMICONDUCTOR IDX FD ETF ETF 464287523 3,056 51,608 SH   SOLE   51,608 0 0
LABORATORY CORPORATION OF AMERICA HOLDINGS CMN COM 50540R409 1,516 16,802 SH   SOLE   16,802 0 0
LOWES COMPANIES INC CMN COM 548661107 1,295 34,155 SH   SOLE   34,155 0 0
MARATHON OIL CORPORATION CMN COM 565849106 1,558 46,207 SH   SOLE   46,207 0 0
THE MOSAIC COMPANY CMN COM 61945C103 2,247 37,700 SH   SOLE   37,700 0 0
AMEX MATERIALS SELECT 'SPDR' FUND ETF 81369Y100 21,976 560,894 SH   SOLE   560,894 0 0
AMEX HEALTH CARE SELECT SECTOR 'SPDR' FUND ETF 81369Y209 1,588 34,505 SH   SOLE   34,505 0 0
AMEX CONSUMER STAPLES SELECT FUND 'SPDR' ETF 81369Y308 1,587 39,906 SH   SOLE   39,906 0 0
THE FINANCIAL SELECT SECTOR SPDR FUND MARKET INDEX SECTOR SPDR FUND ETF 81369Y605 36,892 2,026,028 SH   SOLE   2,026,028 0 0
AMEX UTILITIES SELECT INDEX MARKET INDEX ETF 81369Y886 1,596 40,806 SH   SOLE   40,806 0 0
SOUTHWEST AIRLINES CO CMN COM 844741108 1,743 129,321 SH   SOLE   129,321 0 0
VANGUARD REIT VIPERS CMN ETF 922908553 8,922 126,500 SH   SOLE   126,500 0 0
VODAFONE GROUP PLC SPONSORED ADR CMN COM 92857W209 4,288 151,000 SH   SOLE   151,000 0 0
COSAN LIMITED CMN CLASS A COM G25343107 45,845 2,351,014 SH   SOLE   2,351,014 0 0