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 70,725 4,952,725 SH   SOLE   3,375,652 0 1,577,073
AGILENT TECHNOLOGIES INC COM 00846U101 20,685 369,905 SH   SOLE   369,905 0 0
ALTERA CORP COM 021441100 68,223 1,882,799 SH   SOLE   1,283,399 0 599,400
AMBEV SA SPONSORED ADR 02319V103 114,416 15,440,790 SH   SOLE   11,747,510 0 3,693,280
AMERICAN INTL GROUP INC COM NEW 026874784 66,652 1,332,776 SH   SOLE   1,018,776 0 314,000
AMGEN INC COM 031162100 68,583 556,044 SH   SOLE   369,671 0 186,373
ANADARKO PETE CORP COM 032511107 61,208 722,135 SH   SOLE   493,535 0 228,600
APACHE CORP COM 037411105 74,097 893,275 SH   SOLE   603,812 0 289,463
APPLE INC COM 037833100 108,641 202,413 SH   SOLE   137,013 0 65,400
ARCH CAP GROUP LTD ORD G0450A105 29,402 511,000 SH   SOLE   262,800 0 248,200
ARCHER DANIELS MIDLAND CO COM 039483102 32,172 741,452 SH   SOLE   381,841 0 359,611
AUTOZONE INC COM 053332102 23,158 43,119 SH   SOLE   22,119 0 21,000
BAIDU INC SPON ADR REP A 056752108 113,335 744,274 SH   SOLE   547,068 0 197,206
BANCO BRADESCO S A SP ADR PFD NEW 059460303 199,784 14,614,810 SH   SOLE   10,490,554 0 4,124,256
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 34,655 6,222,576 SH   SOLE   3,684,647 0 2,537,929
BANCOLOMBIA S A SPON ADR PREF 05968L102 66,956 1,185,635 SH   SOLE   708,062 0 477,573
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 1,693 27,928 SH   SOLE   27,928 0 0
BAXTER INTL INC COM 071813109 58,313 792,513 SH   SOLE   549,513 0 243,000
BED BATH & BEYOND INC COM 075896100 66,358 964,507 SH   SOLE   668,220 0 296,287
BROADCOM CORP CL A 111320107 86,998 2,764,470 SH   SOLE   1,856,475 0 907,995
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 22,263 424,946 SH   SOLE   218,422 0 206,524
CHECK POINT SOFTWARE TECH LT ORD M22465104 84,295 1,246,420 SH   SOLE   888,079 0 358,341
CHEVRON CORP NEW COM 166764100 24,519 206,200 SH   SOLE   106,000 0 100,200
CISCO SYS INC COM 17275R102 38,329 1,709,982 SH   SOLE   1,709,982 0 0
CITIGROUP INC COM NEW 172967424 63,206 1,327,874 SH   SOLE   1,327,874 0 0
CNOOC LTD SPONSORED ADR 126132109 41,991 276,632 SH   SOLE   218,132 0 58,500
COACH INC COM 189754104 54,258 1,092,584 SH   SOLE   890,998 0 201,586
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 672 13,290 SH   SOLE   13,290 0 0
COPA HOLDINGS SA CL A P31076105 108,571 747,774 SH   SOLE   530,458 0 217,316
CRITEO S A SPONS ADS 226718104 1,061 26,171 SH   SOLE   26,171 0 0
CUMMINS INC COM 231021106 24,588 165,029 SH   SOLE   84,929 0 80,100
DANAHER CORP DEL COM 235851102 23,547 313,972 SH   SOLE   161,577 0 152,395
DR REDDYS LABS LTD ADR 256135203 15,096 343,880 SH   SOLE   318,371 0 25,509
E M C CORP MASS COM 268648102 99,875 3,643,740 SH   SOLE   2,484,494 0 1,159,246
EBAY INC COM 278642103 718 13,003 SH   SOLE   13,003 0 0
EDISON INTL COM 281020107 26,873 474,720 SH   SOLE   244,720 0 230,000
ELECTRONIC ARTS INC COM 285512109 24,310 838,029 SH   SOLE   425,629 0 412,400
EMBRAER S A SP ADR REP 4 COM 29082A107 105,067 2,960,469 SH   SOLE   2,075,274 0 885,195
ENERSIS S A SPONSORED ADR 29274F104 10,146 653,344 SH   SOLE   653,344 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 107,463 1,431,121 SH   SOLE   977,208 0 453,913
EXXON MOBIL CORP COM 30231G102 16,845 172,450 SH   SOLE   172,450 0 0
GAP INC DEL COM 364760108 61,248 1,528,904 SH   SOLE   1,086,104 0 442,800
GOOGLE INC CL A 38259P508 150,164 134,735 SH   SOLE   95,888 0 38,847
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1,330 32,405 SH   SOLE   32,405 0 0
HOME DEPOT INC COM 437076102 66,871 845,072 SH   SOLE   593,472 0 251,600
HYATT HOTELS CORP COM CL A 448579102 40,569 753,919 SH   SOLE   525,823 0 228,096
ICICI BK LTD ADR 45104G104 62,175 1,419,574 SH   SOLE   933,728 0 485,846
INFOSYS LTD SPONSORED ADR 456788108 75,513 1,393,764 SH   SOLE   836,942 0 556,822
INTERNATIONAL BUSINESS MACHS COM 459200101 36,790 191,098 SH   SOLE   98,598 0 92,500
ISHARES MSCI TAIWAN ETF 464286731 17,916 1,245,850 SH   SOLE   1,245,850 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 102,208 6,878,059 SH   SOLE   4,745,205 0 2,132,854
JPMORGAN CHASE & CO COM 46625H100 174,130 2,868,232 SH   SOLE   1,934,096 0 934,136
LAUDER ESTEE COS INC CL A 518439104 18,619 278,394 SH   SOLE   278,394 0 0
LORILLARD INC COM 544147101 837 15,477 SH   SOLE   15,477 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 45,902 2,914,596 SH   SOLE   2,159,291 0 755,305
MASTERCARD INC CL A 57636Q104 61,433 822,402 SH   SOLE   608,262 0 214,140
MCDONALDS CORP COM 580135101 13,012 132,738 SH   SOLE   132,738 0 0
MERCADOLIBRE INC COM 58733R102 31,205 328,072 SH   SOLE   279,379 0 48,693
MICROSOFT CORP COM 594918104 164,069 4,002,670 SH   SOLE   3,019,772 0 982,898
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 101,247 3,128,948 SH   SOLE   2,297,351 0 831,597
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 39,891 2,280,882 SH   SOLE   1,610,526 0 670,356
MONSTER BEVERAGE CORP COM 611740101 7,857 113,127 SH   SOLE   113,127 0 0
NETEASE INC SPONSORED ADR 64110W102 76,000 1,129,275 SH   SOLE   764,499 0 364,776
NEWMONT MINING CORP COM 651639106 29,748 1,269,125 SH   SOLE   870,607 0 398,518
NIKE INC CL B 654106103 6,953 94,132 SH   SOLE   94,132 0 0
NOBLE ENERGY INC COM 655044105 24,857 349,910 SH   SOLE   180,448 0 169,462
OCCIDENTAL PETE CORP DEL COM 674599105 69,751 731,988 SH   SOLE   489,132 0 242,856
PETSMART INC COM 716768106 28,969 420,401 SH   SOLE   216,652 0 203,749
PHILIP MORRIS INTL INC COM 718172109 78,425 957,921 SH   SOLE   535,552 0 422,369
PRAXAIR INC COM 74005P104 747 5,700 SH   SOLE   5,700 0 0
PRICE T ROWE GROUP INC COM 74144T108 103,883 1,261,477 SH   SOLE   889,877 0 371,600
PRICELINE COM INC COM NEW 741503403 18,050 15,144 SH   SOLE   15,144 0 0
RALPH LAUREN CORP CL A 751212101 40,330 250,611 SH   SOLE   183,811 0 66,800
RYANAIR HLDGS PLC SPONSORED ADR 783513104 106,441 1,809,910 SH   SOLE   1,335,494 0 474,416
SCHLUMBERGER LTD COM 806857108 93,378 957,718 SH   SOLE   796,370 0 161,348
ST JUDE MED INC COM 790849103 23,934 366,026 SH   SOLE   188,511 0 177,515
STATE STR CORP COM 857477103 7,999 115,006 SH   SOLE   0 0 115,006
SYNOPSYS INC COM 871607107 15,554 404,947 SH   SOLE   207,918 0 197,029
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 212,341 10,606,915 SH   SOLE   8,397,707 0 2,209,208
TATA MTRS LTD SPONSORED ADR 876568502 130,084 3,673,741 SH   SOLE   2,485,122 0 1,188,619
UNION PAC CORP COM 907818108 69,840 372,160 SH   SOLE   261,560 0 110,600
UNITED CONTL HLDGS INC COM 910047109 49,964 1,119,505 SH   SOLE   769,352 0 350,153
UNITED PARCEL SERVICE INC CL B 911312106 21,949 225,390 SH   SOLE   115,888 0 109,502
URBAN OUTFITTERS INC COM 917047102 48,424 1,327,771 SH   SOLE   904,071 0 423,700
VALE S A ADR 91912E105 26,017 1,881,230 SH   SOLE   1,125,881 0 755,349
VIACOM INC NEW CL B 92553P201 23,822 280,287 SH   SOLE   143,900 0 136,387
WELLS FARGO & CO NEW COM 949746101 25,536 513,389 SH   SOLE   271,089 0 242,300
WESTERN UN CO COM 959802109 23,864 1,458,657 SH   SOLE   740,703 0 717,954
WHOLE FOODS MKT INC COM 966837106 30,522 601,900 SH   SOLE   310,300 0 291,600
WISDOMTREE TR INDIA ERNGS FD 97717W422 27,464 1,448,935 SH   SOLE   1,448,935 0 0
YUM BRANDS INC COM 988498101 27,551 365,442 SH   SOLE   365,442 0 0
ZOETIS INC CL A 98978V103 20,226 698,883 SH   SOLE   359,683 0 339,200