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
AES CORP COM 00130H105 63,046 5,258,207 SH   SOLE   3,793,534 0 1,464,673
AGILENT TECHNOLOGIES INC COM 00846U101 76,302 1,784,417 SH   SOLE   1,414,533 0 369,884
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 71,752 3,299,048 SH   SOLE   1,749,767 0 1,549,281
AMGEN INC COM 031162100 21,100 213,877 SH   SOLE   116,304 0 97,573
APACHE CORP COM 037411105 70,418 840,028 SH   SOLE   608,565 0 231,463
APPLE INC COM 037833100 100,647 253,835 SH   SOLE   183,135 0 70,700
ARCHER DANIELS MIDLAND CO COM 039483102 23,919 705,404 SH   SOLE   383,893 0 321,511
BAIDU INC SPON ADR REP A 056752108 213,156 2,253,318 SH   SOLE   1,350,370 0 902,948
BANCO BRADESCO S A SP ADR PFD NEW 059460303 131,393 10,099,899 SH   SOLE   6,436,363 0 3,663,536
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 45,552 7,324,191 SH   SOLE   3,856,786 0 3,467,405
BANCOLOMBIA S A SPON ADR PREF 05968L102 74,152 1,312,460 SH   SOLE   766,727 0 545,733
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 9,922 185,394 SH   SOLE   122,736 0 62,658
BED BATH & BEYOND INC COM 075896100 61,270 863,604 SH   SOLE   638,417 0 225,187
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 85,150 4,043,092 SH   SOLE   3,162,124 0 880,968
BROADCOM CORP CL A 111320107 25,657 759,312 SH   SOLE   412,717 0 346,595
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 51,876 921,276 SH   SOLE   677,290 0 243,986
CHECK POINT SOFTWARE TECH LT ORD M22465104 89,087 1,793,257 SH   SOLE   1,374,278 0 418,979
CISCO SYS INC COM 17275R102 21,113 867,606 SH   SOLE   867,606 0 0
CITIGROUP INC COM NEW 172967424 31,758 662,032 SH   SOLE   662,032 0 0
CNOOC LTD SPONSORED ADR 126132109 55,789 333,123 SH   SOLE   227,550 0 105,573
COACH INC COM 189754104 45,671 799,994 SH   SOLE   630,308 0 169,686
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 505 8,067 SH   SOLE   8,067 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 35,103 939,877 SH   SOLE   576,004 0 363,873
COPA HOLDINGS SA CL A P31076105 58,399 445,394 SH   SOLE   237,122 0 208,272
CREDICORP LTD COM G2519Y108 2,868 22,414 SH   SOLE   22,414 0 0
DANAHER CORP DEL COM 235851102 19,727 311,652 SH   SOLE   169,457 0 142,195
DR REDDYS LABS LTD ADR 256135203 12,236 323,634 SH   SOLE   278,448 0 45,186
E M C CORP MASS COM 268648102 73,425 3,108,597 SH   SOLE   2,271,851 0 836,746
EBAY INC COM 278642103 45,686 883,199 SH   SOLE   653,785 0 229,414
EMBRAER S A SP ADR REP 4 COM 29082A107 26,533 719,243 SH   SOLE   386,216 0 333,027
EXPRESS SCRIPTS HLDG CO COM 30219G108 82,088 1,329,635 SH   SOLE   971,322 0 358,313
FASTENAL CO COM 311900104 19,229 419,896 SH   SOLE   228,264 0 191,632
GENERAL ELECTRIC CO COM 369604103 60,055 2,589,707 SH   SOLE   1,925,932 0 663,775
GOLDMAN SACHS GROUP INC COM 38141G104 484 3,202 SH   SOLE   3,202 0 0
GOOGLE INC CL A 38259P508 142,203 161,534 SH   SOLE   121,687 0 39,847
HALLIBURTON CO COM 406216101 5,035 120,696 SH   SOLE   120,696 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 3,468 95,686 SH   SOLE   95,686 0 0
HYATT HOTELS CORP COM CL A 448579102 58,756 1,455,882 SH   SOLE   1,086,586 0 369,296
ICICI BK LTD ADR 45104G104 13,156 343,928 SH   SOLE   295,527 0 48,401
INFOSYS LTD SPONSORED ADR 456788108 79,267 1,924,417 SH   SOLE   1,214,454 0 709,963
ISHARES INC MSCI TAIWAN 464286731 10,161 763,962 SH   SOLE   763,962 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 93,546 7,241,023 SH   SOLE   4,311,213 0 2,929,810
ITC HLDGS CORP COM 465685105 33,722 369,385 SH   SOLE   201,059 0 168,326
JPMORGAN CHASE & CO COM 46625H100 135,779 2,572,121 SH   SOLE   1,845,085 0 727,036
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 23,945 808,195 SH   SOLE   431,293 0 376,902
LORILLARD INC COM 544147101 23,663 541,851 SH   SOLE   291,045 0 250,806
LULULEMON ATHLETICA INC COM 550021109 55,271 843,825 SH   SOLE   622,473 0 221,352
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 55,808 4,765,839 SH   SOLE   3,936,234 0 829,605
MCDONALDS CORP COM 580135101 9,572 96,688 SH   SOLE   96,688 0 0
METLIFE INC COM 59156R108 107,255 2,343,855 SH   SOLE   1,848,490 0 495,365
MICROSOFT CORP COM 594918104 152,414 4,412,137 SH   SOLE   3,426,339 0 985,798
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 97,262 2,597,120 SH   SOLE   1,465,851 0 1,131,269
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 63,817 3,369,691 SH   SOLE   1,784,481 0 1,585,210
MONSANTO CO NEW COM 61166W101 576 5,833 SH   SOLE   5,833 0 0
MONSTER BEVERAGE CORP COM 611740101 6,968 114,552 SH   SOLE   114,552 0 0
NEWMONT MINING CORP COM 651639106 53,287 1,779,185 SH   SOLE   1,401,867 0 377,318
NIKE INC CL B 654106103 22,839 358,664 SH   SOLE   222,646 0 136,018
NOBLE ENERGY INC COM 655044105 22,306 371,530 SH   SOLE   201,968 0 169,562
NVIDIA CORP COM 67066G104 19,069 1,358,335 SH   SOLE   740,297 0 618,038
OCCIDENTAL PETE CORP DEL COM 674599105 63,917 716,301 SH   SOLE   513,045 0 203,256
PERRIGO CO COM 714290103 23,750 196,283 SH   SOLE   107,640 0 88,643
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 44,972 3,353,776 SH   SOLE   2,462,265 0 891,511
PETSMART INC COM 716768106 18,362 274,110 SH   SOLE   149,161 0 124,949
PHILIP MORRIS INTL INC COM 718172109 87,949 1,015,378 SH   SOLE   734,109 0 281,269
POTASH CORP SASK INC COM 73755L107 34,098 894,266 SH   SOLE   894,266 0 0
PRAXAIR INC COM 74005P104 21,795 189,261 SH   SOLE   102,988 0 86,273
PRICELINE COM INC COM NEW 741503403 61,321 74,181 SH   SOLE   55,039 0 19,142
QUALCOMM INC COM 747525103 36,924 604,432 SH   SOLE   414,535 0 189,897
ROSS STORES INC COM 778296103 18,988 292,980 SH   SOLE   159,308 0 133,672
RYANAIR HLDGS PLC SPONSORED ADR 783513104 81,988 1,591,178 SH   SOLE   1,263,939 0 327,239
SCHLUMBERGER LTD COM 806857108 79,174 1,104,890 SH   SOLE   909,142 0 195,748
SCHWAB CHARLES CORP NEW COM 808513105 10,027 472,304 SH   SOLE   214,304 0 258,000
ST JUDE MED INC COM 790849103 60,899 1,334,616 SH   SOLE   977,324 0 357,292
STATE STR CORP COM 857477103 5,524 84,706 SH   SOLE   0 0 84,706
SUPERIOR ENERGY SVCS INC COM 868157108 36,294 1,399,165 SH   SOLE   1,039,720 0 359,445
SYNOPSYS INC COM 871607107 19,185 536,746 SH   SOLE   292,117 0 244,629
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 87,135 4,756,303 SH   SOLE   2,632,320 0 2,123,983
TATA MTRS LTD SPONSORED ADR 876568502 87,452 3,731,006 SH   SOLE   2,494,688 0 1,236,318
TRANSOCEAN LTD REG SHS H8817H100 48,597 1,013,500 SH   SOLE   784,930 0 228,570
UNITED CONTL HLDGS INC COM 910047109 40,500 1,294,296 SH   SOLE   940,443 0 353,853
UNITED PARCEL SERVICE INC CL B 911312106 24,881 287,709 SH   SOLE   156,607 0 131,102
URBAN OUTFITTERS INC COM 917047102 601 14,944 SH   SOLE   14,944 0 0
VALE S A ADR 91912E105 73,229 5,568,765 SH   SOLE   3,332,168 0 2,236,597
VIACOM INC NEW CL B 92553P201 19,019 279,580 SH   SOLE   151,893 0 127,687
WELLS FARGO & CO NEW COM 949746101 841 20,376 SH   SOLE   20,376 0 0
WESTERN UN CO COM 959802109 19,241 1,124,555 SH   SOLE   603,401 0 521,154
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 18,731 1,156,657 SH   SOLE   1,015,793 0 140,864
YANDEX N V SHS CLASS A N97284108 80,402 2,908,055 SH   SOLE   1,541,398 0 1,366,657
YUM BRANDS INC COM 988498101 11,050 159,359 SH   SOLE   159,359 0 0