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
AGCO CORP COM 001084102 5,468 108,942 SH   SOLE   108,942 0 0
AGRIUM INC COM 008916108 47,204 544,835 SH   SOLE   233,290 0 311,545
ALLIANCE DATA SYS COM 018581108 26,975 149,010 SH   SOLE   149,010 0 0
ALTERA CORP COM 021441100 14,542 440,802 SH   SOLE   440,802 0 0
AMAZON.COM INC COM 023135106 23,398 84,259 SH   SOLE   84,259 0 0
AMERICA MOVIL SAB ADR 02364W105 41,122 1,890,667 SH   SOLE   1,875,697 0 14,970
AMERICAN TOWER CO COM 03027X100 11,912 162,794 SH   SOLE   162,794 0 0
AMGEN INC COM 031162100 30,424 308,375 SH   SOLE   308,375 0 0
AMPHENOL CORP COM 032095101 20,879 267,881 SH   SOLE   267,881 0 0
ANADARKO PETROLM COM 032511107 36,052 419,552 SH   SOLE   419,552 0 0
ANDERSONS INC COM 034164103 1,934 36,353 SH   SOLE   36,353 0 0
ANHEUSER-BUSCH IN ADR 03524A108 19,859 220,025 SH   SOLE   172,124 0 47,901
ANSYS INC COM 03662Q105 4,615 63,132 SH   SOLE   63,132 0 0
APPLE INC COM 037833100 28,111 70,893 SH   SOLE   70,893 0 0
ARCHER-DANIELS COM 039483102 23,248 685,574 SH   SOLE   685,574 0 0
BAIDU INC ADS 056752108 15,138 160,017 SH   SOLE   160,017 0 0
BANCO BRADESCO ADR 059460303 2,465 189,480 SH   SOLE   189,480 0 0
BANCOLOMBIA ADR 05968L102 5,866 103,829 SH   SOLE   103,829 0 0
BARRICK GOLD CORP COM 067901108 3,146 199,874 SH   SOLE   199,874 0 0
BLACKROCK COM 09247X101 18,722 72,890 SH   SOLE   72,890 0 0
BRF SA ADR 10552T107 11,536 531,374 SH   SOLE   531,374 0 0
CADENCE DESIGN COM 127387108 28,792 1,988,411 SH   SOLE   1,988,411 0 0
CAMECO CORP COM 13321L108 4,722 229,449 SH   SOLE   229,449 0 0
CATERPILLAR INC COM 149123101 18,383 222,854 SH   SOLE   222,854 0 0
CEMEX S.A.B ADR 151290889 9,729 919,540 SH   SOLE   919,540 0 0
CF INDUSTRIES COM 125269100 11,492 67,009 SH   SOLE   67,009 0 0
CHEVRON CORP COM 166764100 64,917 548,565 SH   SOLE   548,565 0 0
CHNAGYOU COM LTD ADR 15911M107 3,339 109,700 SH   SOLE   85,000 0 24,700
CHUBB CORP COM 171232101 24,627 290,927 SH   SOLE   290,927 0 0
CHURCH & DWIGHT COM 171340102 26,634 431,606 SH   SOLE   431,606 0 0
CIA DE BEBIDAS ADR 20441W203 723 19,349 SH   SOLE   19,349 0 0
CISCO SYSTEMS COM 17275R102 7,920 325,473 SH   SOLE   325,473 0 0
CITIGROUP INC COM 172967424 30,192 629,383 SH   SOLE   629,383 0 0
CNOOC ADS 126132109 251 1,500 SH   SOLE   1,500 0 0
CON-WAY INC COM 205944101 3,766 96,670 SH   SOLE   96,670 0 0
COVANCE INC COM 222816100 18,107 237,807 SH   SOLE   237,807 0 0
CROWN CASTLE INTL COM 228227104 32,454 448,321 SH   SOLE   448,321 0 0
CST BRANDS COM 12646R105 346 11,242 SH   SOLE   11,242 0 0
CUMMINS INC COM 231021106 25,848 238,314 SH   SOLE   238,314 0 0
DARLING INTL INC COM 237266101 4,112 220,341 SH   SOLE   220,341 0 0
DEAN FOODS CO COM 242370104 2,397 239,194 SH   SOLE   239,194 0 0
DEERE & CO COM 244199105 15,326 188,625 SH   SOLE   188,625 0 0
DIGITAL REALTY COM 253868103 18,952 310,696 SH   SOLE   310,696 0 0
DIRECTV COM 25490A309 23,534 381,796 SH   SOLE   381,796 0 0
DISCOVER FIN SVCS COM 254709108 24,766 519,847 SH   SOLE   519,847 0 0
ECOLAB INC COM 278865100 217 2,545 SH   SOLE   2,545 0 0
ECOPETROL SA ADR 279158109 3,998 95,053 SH   SOLE   95,053 0 0
ELDORADO GOLD CO COM 284902103 2,488 403,245 SH   SOLE   403,245 0 0
ENERSIS ADR 29274F104 655 40,040 SH   SOLE   40,040 0 0
EOG RESOURCES COM 26875P101 31,476 239,036 SH   SOLE   239,036 0 0
EXXON MOBIL CORP COM 30231G102 49,145 543,937 SH   SOLE   543,937 0 0
FIRST MAJESTIC SI COM 32076V103 27,485 2,598,198 SH   SOLE   587,059 0 2,011,139
FOMENTO ECON MEX ADR 344419106 16,812 162,921 SH   SOLE   162,921 0 0
FRANCO NEVADA CO COM 351858105 10,467 293,290 SH   SOLE   293,290 0 0
FREEPORT-MCMORAN COM 35671D857 7,400 268,019 SH   SOLE   268,019 0 0
GOLDCORP INC COM 380956409 3,689 149,178 SH   SOLE   149,178 0 0
GPO TELEVISA ADR 40049J206 12,598 507,185 SH   SOLE   507,185 0 0
GRUPO FIN SAN MEX ADR 40053C105 15,755 1,108,744 SH   SOLE   976,613 0 132,131
HALLIBURTON CO COM 406216101 7,396 177,277 SH   SOLE   177,277 0 0
HDFC BANK LTD ADR 40415F101 21,534 594,200 SH   SOLE   486,100 0 108,100
HOME DEPOT INC COM 437076102 24,836 320,585 SH   SOLE   320,585 0 0
HOME INNS & HOTEL ADR 43713W107 5,019 187,900 SH   SOLE   187,900 0 0
HONDA MOTOR CO ADR 438128308 1,100 29,531 SH   SOLE   0 0 29,531
HUDBAY MINERALS COM 443628102 2,264 343,124 SH   SOLE   343,124 0 0
IBM CORP COM 459200101 266 1,394 SH   SOLE   1,394 0 0
INGREDION INC COM 457187102 9,708 147,936 SH   SOLE   147,936 0 0
INTL FLAVR & FRAG COM 459506101 24,697 328,592 SH   SOLE   328,592 0 0
INTREPID POTASH I COM 46121Y102 1,904 99,948 SH   SOLE   99,948 0 0
INTUIT INC COM 461202103 8,164 133,743 SH   SOLE   133,743 0 0
ISHARES CORE S&P 500 ETF ETF 464287200 4,648 28,710 SH   SOLE   7,863 0 20,847
ISHARES RUSSELL 1000 GROWTH ETF 464287614 4,216 57,638 SH   SOLE   11,511 0 46,127
ISHARES RUSSELL 2000 GROWTH ETF 464287648 3,406 30,360 SH   SOLE   0 0 30,360
ISHARES S&P 100 ETF ETF 464287101 4,644 64,057 SH   SOLE   17,540 0 46,517
ISHARES SELECT DVND ETF ETF 464287168 1,167 18,204 SH   SOLE   331 0 17,873
ISHARES TRUST ITR 464287242 1,618 14,236 SH   SOLE   0 0 14,236
ISHARES TRUST ITR 464288513 2,939 32,337 SH   SOLE   32,337 0 0
ITAU UNIBANCO HLG ADR 465562106 2,587 200,222 SH   SOLE   200,222 0 0
JP MORGAN CHASE COM 46625H100 23,825 451,313 SH   SOLE   451,313 0 0
MARATHON PETROLM COM 56585A102 4,792 67,434 SH   SOLE   67,434 0 0
MCDONALDS CORP COM 580135101 359 3,627 SH   SOLE   3,627 0 0
MELCO CROWN ENTER ADR 585464100 11,064 494,791 SH   SOLE   494,791 0 0
MERCK & CO INC COM 58933Y105 4,908 105,667 SH   SOLE   105,667 0 0
METLIFE INC COM 59156R108 16,940 370,199 SH   SOLE   370,199 0 0
MICROSOFT CORP COM 594918104 8,155 236,071 SH   SOLE   236,071 0 0
MINAS BUENAVENTRA ADR 204448104 2,052 139,047 SH   SOLE   139,047 0 0
MINDRAY MEDICAL ADR 602675100 758 20,232 SH   SOLE   20,232 0 0
MOBILE TELESYSTEM ADS 607409109 216,907 11,452,307 SH   SOLE   10,817,994 0 634,313
MONDELEZ INTL INC COM 609207105 17,099 599,321 SH   SOLE   599,321 0 0
MONSANTO CO COM 61166W101 21,401 216,614 SH   SOLE   216,614 0 0
MOSAIC CO (THE) COM 61945C103 24,957 463,800 SH   SOLE   463,800 0 0
NATIONAL OILWELL COM 637071101 28,884 419,218 SH   SOLE   419,218 0 0
NETEASE INC ADR 64110W102 17,247 273,023 SH   SOLE   273,023 0 0
NEWS CORP COM 65248E104 22,881 702,290 SH   SOLE   702,290 0 0
NEVSUN RESOURCES COM 64156L101 90 29,013 SH   SOLE   29,013 0 0
OCCIDENTAL PETRLM COM 674599105 4,944 55,412 SH   SOLE   55,412 0 0
ORACLE CORP COM 68389X105 564 18,350 SH   SOLE   18,350 0 0
PETROLEO BRASIL ADS 71654V408 2,477 184,727 SH   SOLE   184,727 0 0
PFIZER INC COM 717081103 42,151 1,504,846 SH   SOLE   1,504,846 0 0
PHILIP MORRIS INT COM 718172109 10,315 119,082 SH   SOLE   119,082 0 0
PILGRIMS PRIDE COM 72147K108 5,828 390,107 SH   SOLE   390,107 0 0
PLATINUM GR METAL COM 72765Q205 53 61,183 SH   SOLE   61,183 0 0
PLUM CREEK TIMBER COM 729251108 5,780 123,856 SH   SOLE   123,856 0 0
PNC FINANCIAL COM 693475105 17,259 236,684 SH   SOLE   236,684 0 0
POLYMET MINING CO COM 731916102 51 72,112 SH   SOLE   72,112 0 0
POLYMET MINING RGT 731916110 1 72,112 SH   SOLE   72,112 0 0
POTASH SASKATCHWN COM 73755L107 50,310 1,319,437 SH   SOLE   757,831 0 561,606
PRAXAIR INC COM 74005P104 20,471 177,765 SH   SOLE   177,765 0 0
PRECISION CASTPRT COM 740189105 22,649 100,211 SH   SOLE   100,211 0 0
QIWI PLC ADR 74735M108 538 23,200 SH   SOLE   23,200 0 0
RALPH LAUREN CORP COM 751212101 22,718 130,760 SH   SOLE   130,760 0 0
RANDGOLD RESOURCE ADR 752344309 6,986 109,150 SH   SOLE   109,150 0 0
RAYONIER INC COM 754907103 4,214 76,080 SH   SOLE   76,080 0 0
SALLY BEAUTY HOL COM 79546E104 27,098 871,314 SH   SOLE   871,314 0 0
SANDERSON FARM COM 800013104 1,978 29,787 SH   SOLE   29,787 0 0
SCHLUMBERGER LTD COM 806857108 31,108 434,101 SH   SOLE   434,101 0 0
SILVER WHEATON CO COM 828336107 28,837 1,399,191 SH   SOLE   730,035 0 669,156
SMITHFIELD FOODS COM 832248108 4,575 139,709 SH   SOLE   139,709 0 0
SMUCKER(J.M.)CO COM 832696405 5,464 52,974 SH   SOLE   52,974 0 0
SOC QUIMICA Y MIN ADR 833635105 4,448 110,100 SH   SOLE   110,100 0 0
SOUTHERN COPPER COM 84265V105 1,231 44,559 SH   SOLE   44,559 0 0
SPDR S&P500 TRUST ITR 78462F103 4,764 29,694 SH   SOLE   29,694 0 0
SPDR S P DIVIDEND ETF ETF 78464A763 1,165 17,447 SH   SOLE   321 0 17,126
SPREADTRUM COMM ADR 849415203 17,954 683,951 SH   SOLE   675,374 0 8,577
STILLWATER MINING COM 86074Q102 2,571 239,361 SH   SOLE   239,361 0 0
SUNCOR ENERGY INC COM 867224107 13,685 465,727 SH   SOLE   465,727 0 0
SUNOPTA INC COM 8676EP108 2,600 342,508 SH   SOLE   342,508 0 0
TAIWAN SEMICONDUC ADS 874039100 113,824 6,213,115 SH   SOLE   4,868,331 0 1,344,784
TARGET CORP COM 87612E106 306 4,451 SH   SOLE   4,451 0 0
TECK COMINCO COM 878742204 2,621 123,043 SH   SOLE   123,043 0 0
TESORO CORP COM 881609101 4,534 86,657 SH   SOLE   86,657 0 0
TEVA PHARM INDS ADR 881624209 77,627 1,980,271 SH   SOLE   855,757 0 1,124,514
TURQUOISE HILL RE COM 900435108 98 16,551 SH   SOLE   16,551 0 0
TYSON FOODS INC COM 902494103 17,839 694,650 SH   SOLE   694,650 0 0
UNITED TECHNOLOGY COM 913017109 28,727 309,097 SH   SOLE   309,097 0 0
UTD PARCEL SERV COM 911312106 17,472 202,030 SH   SOLE   202,030 0 0
VALE S.A. ADR 91912E105 36,680 3,006,372 SH   SOLE   2,703,999 0 302,373
VALERO ENERGY(NEW COM 91913Y100 17,785 511,513 SH   SOLE   511,513 0 0
VARIAN MEDICAL COM 92220P105 4,076 60,423 SH   SOLE   60,423 0 0
WESTERN REFINING COM 959319104 8,120 289,290 SH   SOLE   289,290 0 0
WEYERHAEUSER CO COM 962166104 17,909 628,615 SH   SOLE   628,615 0 0
WHITEWAVE FOODS COM 966244105 993 61,100 SH   SOLE   61,100 0 0
WHITEWAVE FOODS COM 966244204 1,323 87,019 SH   SOLE   87,019 0 0
WISCONSIN ENERGY COM 976657106 3,754 91,573 SH   SOLE   91,573 0 0
WISDOM TREE DIVIDEND EX-FINANCIALS FUND DVND 97717W406 1,162 18,609 SH   SOLE   340 0 18,269
YAMANA GOLD COM 98462Y100 54,210 5,700,352 SH   SOLE   2,399,077 0 3,301,275
YUM! BRANDS INC COM 988498101 12,938 186,587 SH   SOLE   186,587 0 0