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
AES CORP COM 00130H105 77,696 4,996,506 SH   SOLE   3,411,833 0 1,584,673
AGILENT TECHNOLOGIES INC COM 00846U101 19,045 331,564 SH   SOLE   331,564 0 0
ALTERA CORP COM 021441100 66,034 1,899,704 SH   SOLE   1,297,504 0 602,200
AMBEV SA SPONSORED ADR 02319V103 136,253 19,355,587 SH   SOLE   14,894,052 0 4,461,535
AMERICAN INTL GROUP INC COM NEW 026874784 73,351 1,343,926 SH   SOLE   1,029,926 0 314,000
AMGEN INC COM 031162100 80,892 683,382 SH   SOLE   459,924 0 223,458
ANADARKO PETE CORP COM 032511107 67,071 612,699 SH   SOLE   420,234 0 192,465
APACHE CORP COM 037411105 85,428 849,023 SH   SOLE   574,560 0 274,463
APPLE INC COM 037833100 119,682 1,287,872 SH   SOLE   875,669 0 412,203
ARCH CAP GROUP LTD ORD G0450A105 29,469 513,038 SH   SOLE   264,838 0 248,200
ARCHER DANIELS MIDLAND CO COM 039483102 27,630 626,392 SH   SOLE   324,281 0 302,111
BAIDU INC SPON ADR REP A 056752108 215,206 1,152,003 SH   SOLE   884,507 0 267,496
BANCO BRADESCO S A SP ADR PFD NEW 059460303 162,355 11,181,456 SH   SOLE   7,679,000 0 3,502,456
BANCOLOMBIA S A SPON ADR PREF 05968L102 67,669 1,170,735 SH   SOLE   702,862 0 467,873
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 1,561 22,669 SH   SOLE   22,669 0 0
BAXTER INTL INC COM 071813109 48,161 666,133 SH   SOLE   454,833 0 211,300
BED BATH & BEYOND INC COM 075896100 21,715 378,453 SH   SOLE   195,969 0 182,484
BROADCOM CORP CL A 111320107 103,510 2,788,535 SH   SOLE   1,876,540 0 911,995
CABOT OIL & GAS CORP COM 127097103 55,105 1,614,097 SH   SOLE   1,125,197 0 488,900
CHECK POINT SOFTWARE TECH LT ORD M22465104 66,321 989,422 SH   SOLE   690,621 0 298,801
CISCO SYS INC COM 17275R102 47,622 1,916,382 SH   SOLE   1,916,382 0 0
CITIGROUP INC COM NEW 172967424 82,331 1,748,027 SH   SOLE   1,748,027 0 0
CNOOC LTD SPONSORED ADR 126132109 60,663 338,380 SH   SOLE   269,005 0 69,375
COACH INC COM 189754104 25,916 758,018 SH   SOLE   758,018 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 735 15,032 SH   SOLE   15,032 0 0
COPA HOLDINGS SA CL A P31076105 120,615 846,004 SH   SOLE   601,462 0 244,542
CRITEO S A SPONS ADS 226718104 870 25,771 SH   SOLE   25,771 0 0
CUMMINS INC COM 231021106 25,557 165,649 SH   SOLE   85,549 0 80,100
DANAHER CORP DEL COM 235851102 29,681 377,019 SH   SOLE   195,124 0 181,895
DR REDDYS LABS LTD ADR 256135203 14,889 344,980 SH   SOLE   318,571 0 26,409
E M C CORP MASS COM 268648102 96,851 3,677,044 SH   SOLE   2,512,398 0 1,164,646
EBAY INC COM 278642103 631 12,603 SH   SOLE   12,603 0 0
EDISON INTL COM 281020107 24,853 427,688 SH   SOLE   221,388 0 206,300
ELECTRONIC ARTS INC COM 285512109 20,215 563,574 SH   SOLE   288,124 0 275,450
EMBRAER S A SP ADR REP 4 COM 29082A107 109,975 3,018,906 SH   SOLE   2,153,013 0 865,893
ENERSIS S A SPONSORED ADR 29274F104 12,335 732,044 SH   SOLE   732,044 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 100,089 1,443,673 SH   SOLE   987,560 0 456,113
EXXON MOBIL CORP COM 30231G102 19,457 193,258 SH   SOLE   193,258 0 0
GAP INC DEL COM 364760108 64,177 1,543,837 SH   SOLE   1,098,437 0 445,400
GOOGLE INC CL A 38259P508 136,309 233,138 SH   SOLE   169,249 0 63,889
GOOGLE INC CL C 38259P706 78,644 136,705 SH   SOLE   97,673 0 39,032
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1,447 30,905 SH   SOLE   30,905 0 0
HOME DEPOT INC COM 437076102 74,456 919,671 SH   SOLE   634,271 0 285,400
HYATT HOTELS CORP COM CL A 448579102 40,066 657,036 SH   SOLE   459,440 0 197,596
ICICI BK LTD ADR 45104G104 70,682 1,416,474 SH   SOLE   939,328 0 477,146
INFOSYS LTD SPONSORED ADR 456788108 80,486 1,496,862 SH   SOLE   901,140 0 595,722
INTERNATIONAL BUSINESS MACHS COM 459200101 30,711 169,428 SH   SOLE   88,828 0 80,600
ISHARES MSCI TAIWAN ETF 464286731 19,726 1,248,450 SH   SOLE   1,248,450 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 110,726 7,700,379 SH   SOLE   5,400,801 0 2,299,578
JPMORGAN CHASE & CO COM 46625H100 166,684 2,892,939 SH   SOLE   1,954,603 0 938,336
LAUDER ESTEE COS INC CL A 518439104 23,161 311,894 SH   SOLE   311,894 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 32,838 2,291,676 SH   SOLE   1,918,571 0 373,105
MASTERCARD INC CL A 57636Q104 76,075 1,035,470 SH   SOLE   781,030 0 254,440
MCDONALDS CORP COM 580135101 14,975 148,650 SH   SOLE   148,650 0 0
MERCADOLIBRE INC COM 58733R102 41,565 435,730 SH   SOLE   387,982 0 47,748
MICROSOFT CORP COM 594918104 159,137 3,816,227 SH   SOLE   2,923,829 0 892,398
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 57,822 1,835,738 SH   SOLE   1,261,917 0 573,821
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 67,317 3,410,381 SH   SOLE   2,753,625 0 656,756
NETEASE INC SPONSORED ADR 64110W102 106,515 1,359,371 SH   SOLE   917,586 0 441,785
NIKE INC CL B 654106103 8,176 105,432 SH   SOLE   105,432 0 0
NOBLE ENERGY INC COM 655044105 16,883 217,964 SH   SOLE   112,902 0 105,062
NORDSTROM INC COM 655664100 27,032 397,940 SH   SOLE   205,940 0 192,000
OCCIDENTAL PETE CORP DEL COM 674599105 38,782 377,896 SH   SOLE   195,310 0 182,586
PETSMART INC COM 716768106 25,237 422,030 SH   SOLE   218,281 0 203,749
PHILIP MORRIS INTL INC COM 718172109 80,540 955,305 SH   SOLE   530,736 0 424,569
PRICE T ROWE GROUP INC COM 74144T108 107,487 1,273,395 SH   SOLE   899,595 0 373,800
PRICELINE GRP INC COM NEW 741503403 20,409 16,965 SH   SOLE   16,965 0 0
RALPH LAUREN CORP CL A 751212101 107,399 668,373 SH   SOLE   521,327 0 147,046
ROCK-TENN CO CL A 772739207 25,738 243,765 SH   SOLE   126,165 0 117,600
RYANAIR HLDGS PLC SPONSORED ADR 783513104 80,542 1,443,487 SH   SOLE   1,058,941 0 384,546
SCHLUMBERGER LTD COM 806857108 119,800 1,015,688 SH   SOLE   853,565 0 162,123
SHERWIN WILLIAMS CO COM 824348106 26,005 125,682 SH   SOLE   66,882 0 58,800
ST JUDE MED INC COM 790849103 25,451 367,529 SH   SOLE   190,014 0 177,515
STATE STR CORP COM 857477103 7,870 117,006 SH   SOLE   0 0 117,006
SYNOPSYS INC COM 871607107 15,784 406,612 SH   SOLE   209,583 0 197,029
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 236,485 11,056,293 SH   SOLE   8,840,285 0 2,216,008
TATA MTRS LTD SPONSORED ADR 876568502 108,528 2,778,503 SH   SOLE   1,873,335 0 905,168
UNION PAC CORP COM 907818108 59,603 597,520 SH   SOLE   419,486 0 178,034
UNITED CONTL HLDGS INC COM 910047109 67,902 1,653,312 SH   SOLE   1,130,059 0 523,253
UNITED PARCEL SERVICE INC CL B 911312106 25,318 246,624 SH   SOLE   127,822 0 118,802
URBAN OUTFITTERS INC COM 917047102 68,801 2,031,947 SH   SOLE   1,381,147 0 650,800
VIACOM INC NEW CL B 92553P201 24,407 281,411 SH   SOLE   145,024 0 136,387
WELLS FARGO & CO NEW COM 949746101 22,178 421,979 SH   SOLE   224,779 0 197,200
WESTERN UN CO COM 959802109 31,067 1,791,793 SH   SOLE   916,039 0 875,754
WHOLE FOODS MKT INC COM 966837106 25,562 661,712 SH   SOLE   342,912 0 318,800
WISDOMTREE TR INDIA ERNGS FD 97717W422 13,877 617,290 SH   SOLE   617,290 0 0
YUM BRANDS INC COM 988498101 33,246 409,442 SH   SOLE   409,442 0 0
ZOETIS INC CL A 98978V103 22,641 701,625 SH   SOLE   362,425 0 339,200