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 92,834 1,851,600 SH   SOLE NO 986,300 0 865,300
APOLLO ED GROUP INC CL A 037604105 72,790 2,655,220 SH   SOLE NO 1,391,620 0 1,263,600
BOEING CO COM 097023105 50,217 361,762 SH   SOLE NO 193,838 0 167,924
CARNIVAL CORP PAIRED CTF 143658300 103,389 2,362,400 SH   SOLE NO 1,269,100 0 1,093,300
CHEVRON CORP NEW COM 166764100 89,329 687,278 SH   SOLE NO 368,875 0 318,403
CITIGROUP INC COM NEW 172967424 149,560 2,654,504 SH   SOLE NO 1,519,004 0 1,135,500
CSX CORP COM 126408103 131,100 3,767,251 SH   SOLE NO 2,103,780 0 1,663,471
DISNEY WALT CO COM DISNEY 254687106 47,795 492,400 SH   SOLE NO 263,400 0 229,000
E M C CORP MASS COM 268648102 129,139 4,049,659 SH   SOLE NO 2,193,059 0 1,856,600
FIRST AMERN FINL CORP COM 31847R102 93,416 3,163,438 SH   SOLE NO 1,692,003 0 1,471,435
JOHNSON & JOHNSON COM 478160104 99,155 853,150 SH   SOLE NO 448,450 0 404,700
LILLY ELI & CO COM 532457108 94,694 1,338,392 SH   SOLE NO 705,994 0 632,398
LORILLARD INC COM 544147101 32,116 491,400 SH   SOLE NO 259,200 0 232,200
MATTEL INC COM 577081102 66,338 1,986,025 SH   SOLE NO 1,064,625 0 921,400
MICROSOFT CORP COM 594918104 157,457 3,117,733 SH   SOLE NO 1,700,233 0 1,417,500
NATIONAL OILWELL VARCO INC COM 637071101 90,957 1,097,075 SH   SOLE NO 596,675 0 500,400
ORACLE CORP COM 68389X105 127,729 3,074,189 SH   SOLE NO 1,716,589 0 1,357,600
PROGRESSIVE CORP OHIO COM 743315103 85,305 3,096,446 SH   SOLE NO 1,647,500 0 1,448,946
SYNNEX CORP COM 87162W100 74,378 1,056,109 SH   SOLE NO 564,911 0 491,198
UNITEDHEALTH GROUP INC COM 91324P102 100,731 1,077,540 SH   SOLE NO 608,040 0 469,500
U S G CORP COM NEW 903293405 64,350 2,148,700 SH   SOLE NO 1,155,200 0 993,500
WELLS FARGO & CO NEW COM 949746101 93,821 1,660,045 SH   SOLE NO 887,745 0 772,300
AVIVA PLC ADR 05382A104 16,352 965,314 SH   SOLE NO 965,314 0 0
AXA SPONSORED ADR 054536107 9,827 399,135 SH   SOLE NO 399,135 0 0
BARCLAYS PLC ADR 06738E204 21,162 1,428,927 SH   SOLE NO 1,428,927 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 26,400 233,467 SH   SOLE NO 233,467 0 0
CARNIVAL PLC ADR 14365C103 12,773 319,728 SH   SOLE NO 319,728 0 0
CNOOC LTD SPONSORED ADR 126132109 9,083 52,644 SH   SOLE NO 52,644 0 0
CLARIANT AG NOT 13F 18047P101 8,852 514,341 SH   SOLE NO 514,341 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 10,851 392,600 SH   SOLE NO 392,600 0 0
HSBC HOLDINGS PLC SPON ADR NEW 404280406 20,660 1,243,453 SH   SOLE NO 1,243,453 0 0
IMPERIAL OIL LTD COM NEW 453038408 8,873 187,913 SH   SOLE NO 187,913 0 0
KOMATSU LTD NOT 13F 500458401 11,919 514,629 SH   SOLE NO 514,629 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 20,663 4,099,715 SH   SOLE NO 4,099,715 0 0
NOVARTIS A G SPONSORED ADR 66987V109 31,456 334,171 SH   SOLE NO 334,171 0 0
REED ELSEVIER N V SPONS ADR NEW 758204200 31,056 687,222 SH   SOLE NO 687,222 0 0
RIO TINTO PLC SPONSORED ADR 767204100 11,569 235,245 SH   SOLE NO 235,245 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 123,256 2,184,232 SH   SOLE NO 1,709,267 0 474,965
SANOFI SPONSORED ADR 80105N105 33,515 593,929 SH   SOLE NO 593,929 0 0
SAP AG SPON ADR 803054204 11,756 162,919 SH   SOLE NO 162,919 0 0
SIEMENS A G SPONSORED ADR 826197501 13,565 113,922 SH   SOLE NO 113,922 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 15,218 1,855,904 SH   SOLE NO 1,855,904 0 0
TOTAL S A SPONSORED ADR 89151E109 14,628 226,966 SH   SOLE NO 226,966 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 17,670 150,343 SH   SOLE NO 150,343 0 0
UBS AG SHS NEW H89231338 24,481 1,409,400 SH   SOLE NO 1,409,400 0 0
VODAFONE GROUP PLC NEW SPON ADR NEW 92857W209 13,218 401,886 SH   SOLE NO 401,886 0 0
ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 360 60,996 SH   SOLE NO 0 0 60,996
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 11,015 437,100 SH   SOLE NO 437,000 0 100
AU OPTRONICS CORP SPONSORED ADR 002255107 404 97,112 SH   SOLE NO 0 0 97,112
BRF SA SPONSORED ADR 10552T107 1,399 58,800 SH   SOLE NO 24,000 0 34,800
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 32,016 544,950 SH   SOLE NO 513,750 0 31,200
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 4,771 54,610 SH   SOLE NO 20,810 0 33,800
CHINA YUCHAI INTL LTD COM G21082105 2,840 153,200 SH   SOLE NO 104,700 0 48,500
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 243 8,123 SH   SOLE NO 0 0 8,123
DR REDDYS LABS LTD ADR 256135203 8,818 167,800 SH   SOLE NO 27,600 0 140,200
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 827 24,407 SH   SOLE NO 0 0 24,407
HDFC BANK LTD ADR REPS 3 SHS 40415F101 457 9,816 SH   SOLE NO 0 0 9,816
ICICI BK LTD ADR 45104G104 15,064 306,800 SH   SOLE NO 7,200 0 299,600
INFOSYS LTD SPONSORED ADR 456788108 139 2,300 SH   SOLE NO 2,300 0 0
ISHARES MSCI EMG MKT ETF 464287234 4,711 113,362 SH   SOLE NO 113,362 0 0
KT CORP SPONSORED ADR 48268K101 1,229 75,800 SH   SOLE NO 0 0 75,800
PETROCHINA CO LTD SPONSORED ADR 71646E100 1,736 13,507 SH   SOLE NO 6,200 0 7,307
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 12,932 868,500 SH   SOLE NO 719,300 0 149,200
SESA GOA LTD SPONSORED ADR 78413F103 393 22,775 SH   SOLE NO 0 0 22,775
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 427 62,669 SH   SOLE NO 0 0 62,669
SK TELECOM LTD SPONSORED ADR 78440P108 74,648 2,460,383 SH   SOLE NO 2,340,109 0 120,274
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 33,677 1,668,833 SH   SOLE NO 1,358,100 0 310,733
TATA MTRS LTD SPONSORED ADR 876568502 22,939 524,803 SH   SOLE NO 191,900 0 332,903
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 239 120,249 SH   SOLE NO 0 0 120,249
VALE S A ADR REPSTG PFD 91912E204 6,476 666,940 SH   SOLE NO 570,200 0 96,740
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 19,122 458,456 SH   SOLE NO 458,456 0 0
WIPRO LTD SPON ADR 1 SH 97651M109 119 9,800 SH   SOLE NO 0 0 9,800
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 54,291 2,477,900 SH   SOLE NO 496,100 0 1,981,800
WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 6,328 180,700 SH   SOLE NO 145,700 0 35,000