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
ABB LTD SPONSORED ADR 000375204 1,671 70,850 SH   SOLE 0 70,850 0 0
AIXTRON AKTIENGESELLSCHAFT SPONSORED ADR 009606104 1,014 59,768 SH   SOLE 0 59,768 0 0
COMPANHIA DE BEBIDAS DAS AME SPONSORED ADR 20441W203 3,366 87,777 SH   SOLE 0 87,777 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 3,401 171,697 SH   SOLE 0 171,697 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 2,281 22,989 SH   SOLE 0 22,989 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 1,143 23,753 SH   SOLE 0 23,753 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 67,080 679,220 SH   SOLE 0 548,273 0 130,947
BANCO BRADESCO S A SP ADR PFD NEW 059460303 4,048 291,635 SH   SOLE 0 291,635 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 2,150 37,363 SH   SOLE 0 37,363 0 0
BANK OF NOVA SCOTIA HALIFAX COM 064149107 41,118 717,443 SH   SOLE 0 513,322 0 204,121
BARCLAYS PLC ADR 06738E204 1,284 75,351 SH   SOLE 0 75,351 0 0
BANCO DE CHILE SPONSORED ADR 059520106 1,214 13,234 SH   SOLE 0 13,234 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 2,228 33,505 SH   SOLE 0 33,505 0 0
CAMECO CORP COM 13321L108 32,924 1,822,017 SH   SOLE 0 1,335,315 0 486,702
CANADIAN NATL RY CO COM 136375102 1,758 17,347 SH   SOLE 0 17,347 0 0
CARNIVAL PLC ADR 14365C103 867 25,562 SH   SOLE 0 25,562 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 2,206 47,937 SH   SOLE 0 47,937 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 3,203 286,482 SH   SOLE 0 286,482 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 2,557 165,840 SH   SOLE 0 165,840 0 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 2,765 103,920 SH   SOLE 0 103,920 0 0
COPA HOLDINGS SA CL A P31076105 1,126 8,117 SH   SOLE 0 8,117 0 0
CREDICORP LTD COM G2519Y108 5,677 44,195 SH   SOLE 0 44,195 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 2,381 77,924 SH   SOLE 0 77,924 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 1,530 12,043 SH   SOLE 0 12,043 0 0
DR REDDYS LABS LTD ADR 256135203 3,767 99,680 SH   SOLE 0 30,952 0 68,728
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 2,742 65,296 SH   SOLE 0 65,296 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 5,369 192,105 SH   SOLE 0 192,105 0 0
GRIFOLS S A SPONSORED ADR 398438408 1,228 40,560 SH   SOLE 0 40,560 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 48,900 1,588,693 SH   SOLE 0 1,250,025 0 338,668
HSBC HLDGS PLC SPON ADR NEW 404280406 65,401 1,205,335 SH   SOLE 0 960,068 0 245,267
ISHARES TR MSCI EAFE IDX 464287465 6,047 94,779 SH   SOLE 0 81,264 0 13,515
ISHARES TR MSCI EMERG MKT 464287234 1,642 40,274 SH   SOLE 0 40,274 0 0
ITAU UNIBANCO BANCO MULTIPL SA SPONS ADR 465562106 52,115 3,690,877 SH   SOLE 0 2,959,870 0 731,007
MANULIFE FINL CORP COM 56501R106 64,074 3,869,219 SH   SOLE 0 2,808,267 0 1,060,952
NICE SYS LTD SPONSORED ADR 653656108 57,008 1,378,008 SH   SOLE 0 1,123,937 0 254,071
NOVARTIS A G SPONSORED ADR 66987V109 867 11,301 SH   SOLE 0 11,301 0 0
NOVO-NORDISK A S ADR 670100205 1,172 6,927 SH   SOLE 0 6,927 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 3,419 220,711 SH   SOLE 0 220,711 0 0
PETROLEO BRASILEIRO SA PETROBR SP ADR NON VTG 71654V101 2,212 132,216 SH   SOLE 0 132,216 0 0
PRUDENTIAL PLC ADR 74435K204 1,840 49,292 SH   SOLE 0 49,292 0 0
SAP AG SPON ADR 803054204 979 13,243 SH   SOLE 0 13,243 0 0
SESA GOA LTD SPONSORED ADR 78413F103 2,110 187,186 SH   SOLE 0 187,186 0 0
SUNCOR ENERGY INC COM 867224107 1,751 48,933 SH   SOLE 0 48,933 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 578 34,062 SH   SOLE 0 34,062 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 1,692 75,390 SH   SOLE 0 75,390 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 3,077 24,030 SH   SOLE 0 24,030 0 0
VALE S A ADR 91912E105 1,127 72,223 SH   SOLE 0 72,223 0 0
VALE S A ADR REPSTG PFD 91912E204 3,429 241,307 SH   SOLE 0 241,307 0 0