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
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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
3M Company COM 88579Y101 304 2,165 SH   SOLE   2,165 0 0
Apple Inc. COM 037833100 435 776 SH   SOLE   776 0 0
Automatic Data Processing COM 053015103 646 7,989 SH   SOLE   7,989 0 0
Autonation Inc. COM 05329W102 572 11,510 SH   SOLE   11,510 0 0
Costco Wholesale Corp. COM 22160K105 473 3,970 SH   SOLE   3,970 0 0
Cummins Inc. COM 231021106 657 4,661 SH   SOLE   4,661 0 0
EOG Resources Inc. COM 26875P101 759 4,520 SH   SOLE   4,520 0 0
Express Scripts Holdings Co. COM 30219G108 555 7,900 SH   SOLE   7,900 0 0
Fluor Corp. COM 343412102 723 9,005 SH   SOLE   9,005 0 0
Google Inc COM 38259P508 895 799 SH   SOLE   799 0 0
J.P. Morgan COM 46625H100 334 5,715 SH   SOLE   5,715 0 0
Kansas City Southern COM 485170302 656 5,295 SH   SOLE   5,295 0 0
Priceline.Com Inc COM 741503403 685 589 SH   SOLE   589 0 0
Qualcomm, Inc. COM 747525103 628 8,456 SH   SOLE   8,456 0 0
Starbucks Corp COM 855244109 723 9,222 SH   SOLE   9,222 0 0
Stryker Corp COM 863667101 336 4,475 SH   SOLE   4,475 0 0
TJX Companies Inc COM 872540109 718 11,273 SH   SOLE   11,273 0 0
Traveler's COM 89417E109 600 6,625 SH   SOLE   6,625 0 0
Union Pacific COM 907818108 444 2,645 SH   SOLE   2,645 0 0
Wells Fargo & Company COM 949746101 748 16,485 SH   SOLE   16,485 0 0
Williams Cos. COM 969457100 677 17,540 SH   SOLE   17,540 0 0
BHP Billiton Limited ADR 088606108 2,288 33,554 SH   SOLE   33,229 0 325
Telstra Corp. ADR 87969N204 1,876 80,030 SH   SOLE   78,935 0 1,095
BRF - Brasil Foods SA-ADR ADR 10552T107 311 14,925 SH   SOLE   14,925 0 0
WUXI Pharmatech Cayman-ADR ADR 929352102 7,899 205,800 SH   SOLE   203,655 0 2,145
Novo-Nordisk ADR 670100205 8,251 44,659 SH   SOLE   44,190 0 469
LVMH Moet Hennessy ADR 502441306 5,886 160,827 SH   SOLE   159,592 0 1,235
Total SA ADR 89151E109 334 5,452 SH   SOLE   5,452 0 0
Allianz SE-ADR ADR 018805101 8,160 450,095 SH   SOLE   445,260 0 4,835
Bayer AG ADR 072730302 9,918 69,847 SH   SOLE   69,167 0 680
Deutsche Telekom ADR 251566105 8,661 501,820 SH   SOLE   496,485 0 5,335
Siemens A.G. ADR 826197501 8,421 60,799 SH   SOLE   60,109 0 690
Volkswagen ADR ADR 928662303 9,975 182,351 SH   SOLE   180,571 0 1,780
Cnooc LTD ADR 126132109 6,049 32,236 SH   SOLE   31,881 0 355
Hutchison Whampoa ADR ADR 448415208 8,125 298,705 SH   SOLE   295,842 0 2,863
Melco Crown Entertainment ADR ADR 585464100 3,123 79,625 SH   SOLE   78,925 0 700
Covidien PLC ADR G2554F113 7,774 114,152 SH   SOLE   112,947 0 1,205
Eaton PLC ADR G29183103 9,506 124,881 SH   SOLE   123,681 0 1,200
Jazz Pharmaceuticals PLC ADR G50871105 12,564 99,273 SH   SOLE   98,243 0 1,030
Luxottica Group SPA-Spon ADR ADR 55068R202 749 13,895 SH   SOLE   13,895 0 0
Astellas Pharma Inc. ADR 04623U102 1,243 83,750 SH   SOLE   83,750 0 0
Hitachi ADR ADR 433578507 3,265 42,735 SH   SOLE   42,195 0 540
Nomura Holdings, Inc. ADR 65535H208 90 11,590 SH   SOLE   11,590 0 0
Orix Corporation ADR 686330101 8,449 94,825 SH   SOLE   93,915 0 910
Softbank Corp. ADR 83404D109 3,034 69,245 SH   SOLE   68,305 0 940
Sumitomo Mitsui Financial Grou ADR 86562M209 8,155 777,395 SH   SOLE   769,605 0 7,790
Toyota Motor Corp. ADR 892331307 8,587 70,433 SH   SOLE   69,748 0 685
Grupo Financiero Santander ADR 40053C105 2,685 196,871 SH   SOLE   195,121 0 1,750
Walmart de Mexico ADR ADR 93114W107 264 10,122 SH   SOLE   10,122 0 0
Chicago Bridge & Iron ADR 167250109 11,699 140,713 SH   SOLE   139,243 0 1,470
ING Groep N.V. ADR 456837103 8,628 615,840 SH   SOLE   609,620 0 6,220
LyondellBasell ADR N53745100 8,159 101,635 SH   SOLE   100,650 0 985
NXP Semiconductors ADR N6596X109 10,074 219,330 SH   SOLE   216,980 0 2,350
Yandex ADR N97284108 3,122 72,360 SH   SOLE   71,760 0 600
Seadrill Ltd. ADR G7945E105 6,781 165,058 SH   SOLE   163,298 0 1,760
DBS Group Holdings ADR 23304Y100 7,998 147,379 SH   SOLE   145,989 0 1,390
Ericsson ADR ADR 294821608 1,408 115,060 SH   SOLE   114,660 0 400
Ace LTD ADR H0023R105 8,918 86,141 SH   SOLE   85,256 0 885
Nestle SA ADR 641069406 3,848 52,293 SH   SOLE   51,889 0 404
Novartis AG ADR 66987V109 8,336 103,704 SH   SOLE   102,774 0 930
Roche Holdings ADR 771195104 8,131 115,821 SH   SOLE   114,661 0 1,160
TE Connectivity ADR H84989104 5,615 101,890 SH   SOLE   101,005 0 885
UBS AG ADR H89231338 4,520 234,831 SH   SOLE   233,346 0 1,485
BG Group PLC ADR 055434203 6,630 305,680 SH   SOLE   302,955 0 2,725
Delphi Automotive PLC ADR G27823106 8,015 133,295 SH   SOLE   132,015 0 1,280
Diageo PLC ADR 25243Q205 7,037 53,140 SH   SOLE   52,555 0 585
Ensco PLC-Class A ADR G3157S106 6,826 119,383 SH   SOLE   118,238 0 1,145
HSBC Holdings PLC ADR 404280406 5,446 98,781 SH   SOLE   98,266 0 515
National Grid Transco PLC ADR 636274300 5,891 90,185 SH   SOLE   89,030 0 1,155