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
AU OPTRONICS CORP SPONSORED ADR 002255107 10,970 3,110,952 SH   SOLE   30 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 6,452 95,800 SH   SOLE   95,800 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 2,869 67,593 SH   SOLE   67,593 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 276 6,040 SH   SOLE   6,040 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 1 9 SH   SOLE   9 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 1,037 22,400 SH   SOLE   22,400 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 4,287 326,000 SH   SOLE   326,000 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 16 400 SH   SOLE   400 0 0
ICICI BK LTD ADR 45104G104 10,543 242,395 SH   SOLE   242,395 0 0
INFOSYS LTD SPONSORED ADR 456788108 4,734 86,470 SH   SOLE   86,470 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 5,724 163,593 SH   SOLE   163,593 0 0
KT CORP SPONSORED ADR 48268K101 4 265 SH   SOLE   265 0 0
POSCO SPONSORED ADR 693483109 1,248 17,952 SH   SOLE   17,952 0 0
SESA STERLITE LTD SPONSORED ADR 78413F103 11,910 946,864 SH   SOLE   946,864 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 3,904 173,575 SH   SOLE   173,575 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 304,936 15,468,597 SH   SOLE   15,468,597 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 30,498 14,471,714 SH   SOLE   14,471,714 0 0