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
21ST CENTURY FOX COM 90130A101 24,883 707,517 SH   SOLE - 707,517 0 0
ABBVIE INC COM 00287Y109 1,648 31,210 SH   SOLE - 31,210 0 0
AGCO CORP COM 001084102 6,448 108,942 SH   SOLE - 108,942 0 0
AGRIUM INC COM 008916108 22,119 241,792 SH   SOLE - 241,792 0 0
AGRIUM INC COM 008916108 24,979 273,137 SH   SOLE - 21,072 0 252,065
ALLIANCE DATA SYS COM 018581108 23,068 87,734 SH   SOLE - 87,734 0 0
ALTERA CORP COM 021441100 961 29,570 SH   SOLE - 29,570 0 0
AMAZON.COM INC COM 023135106 15,536 38,959 SH   SOLE - 38,959 0 0
AMBEV SA ADR 02319V103 1,113 151,410 SH   SOLE - 151,410 0 0
AMERICA MOVIL SAB ADR 02364W105 27,728 1,186,475 SH   SOLE - 1,186,475 0 0
AMERICAN TOWER CO COM 03027X100 791 9,905 SH   SOLE - 9,905 0 0
AMGEN INC COM 031162100 27,771 243,431 SH   SOLE - 243,431 0 0
AMPHENOL CORP COM 032095101 19,592 219,689 SH   SOLE - 219,689 0 0
ANADARKO PETROLM COM 032511107 30,021 378,478 SH   SOLE - 378,478 0 0
ANDERSONS INC COM 034164103 1,979 22,188 SH   SOLE - 22,188 0 0
ANHEUSER-BUSCH IN ADR 03524A108 2,986 28,051 SH   SOLE - 23,648 0 4,403
APPLE INC COM 037833100 27,226 48,530 SH   SOLE - 48,530 0 0
ARCHER-DANIELS COM 039483102 29,754 685,574 SH   SOLE - 685,574 0 0
BAIDU INC ADS 056752108 52,866 297,200 SH   SOLE - 294,884 0 2,316
BANCO BRADESCO ADR 059460303 1,576 125,780 SH   SOLE - 125,780 0 0
BANCO MACRO SA ADR 05961W105 566 23,324 SH   SOLE - 23,324 0 0
BANCOLOMBIA ADR 05968L102 4,624 94,339 SH   SOLE - 94,339 0 0
BARRICK GOLD CORP COM 067901108 2,613 148,186 SH   SOLE - 148,186 0 0
BLACKROCK COM 09247X101 15,927 50,326 SH   SOLE - 50,326 0 0
BRF SA ADR 10552T107 7,953 381,079 SH   SOLE - 381,079 0 0
CADENCE DESIGN COM 127387108 24,986 1,782,203 SH   SOLE - 1,782,203 0 0
CAMECO CORP COM 13321L108 4,804 231,588 SH   SOLE - 231,588 0 0
CDN NATURAL RESR COM 136385101 6,534 193,171 SH   SOLE - 193,171 0 0
CEMEX S.A.B ADR 151290889 11,857 1,002,298 SH   SOLE - 1,002,298 0 0
CF INDUSTRIES COM 125269100 10,015 42,975 SH   SOLE - 42,975 0 0
CHEVRON CORP COM 166764100 41,964 335,955 SH   SOLE - 335,955 0 0
CHUBB CORP COM 171232101 20,392 211,027 SH   SOLE - 211,027 0 0
CHURCH & DWIGHT COM 171340102 22,344 337,121 SH   SOLE - 337,121 0 0
CISCO SYSTEMS COM 17275R102 1,105 49,268 SH   SOLE - 49,268 0 0
DARLING INTL INC COM 237266101 4,387 210,117 SH   SOLE - 210,117 0 0
DEERE & CO COM 244199105 16,671 182,541 SH   SOLE - 182,541 0 0
DIRECTV COM 25490A309 14,125 204,526 SH   SOLE - 204,526 0 0
DISCOVER FIN SVCS COM 254709108 17,641 315,293 SH   SOLE - 315,293 0 0
DOMTAR CORP COM 257559203 4,856 51,471 SH   SOLE - 51,471 0 0
ECOPETROL SA ADR 279158109 6,590 171,386 SH   SOLE - 171,386 0 0
ELDORADO GOLD CO COM 284902103 65 11,513 SH   SOLE - 11,513 0 0
EMERSON ELECTRIC COM 291011104 217 3,088 SH   SOLE - 3,088 0 0
ENERSIS ADR 29274F104 236 15,725 SH   SOLE - 15,725 0 0
EOG RESOURCES COM 26875P101 36,957 220,193 SH   SOLE - 220,193 0 0
EXXON MOBIL CORP COM 30231G102 26,892 265,734 SH   SOLE - 265,734 0 0
FIRST MAJESTIC SI COM 32076V103 21,241 2,163,821 SH   SOLE - 579,433 0 1,584,388
FLEETCOR TECHNOL COM 339041105 208 1,774 SH   SOLE - 1,774 0 0
FOMENTO ECON MEX ADR 344419106 14,418 147,321 SH   SOLE - 147,321 0 0
FRANCO NEVADA CO COM 351858105 9,984 245,054 SH   SOLE - 245,054 0 0
FREEPORT-MCMORAN COM 35671D857 21,401 567,076 SH   SOLE - 567,076 0 0
GOLDCORP INC COM 380956409 3,233 149,178 SH   SOLE - 149,178 0 0
GOLDMAN SACHS GRP COM 38141G104 208 1,173 SH   SOLE - 1,173 0 0
GOOGLE INC COM 38259P508 3,984 3,555 SH   SOLE - 3,555 0 0
GPO TELEVISA ADR 40049J206 11,535 381,201 SH   SOLE - 381,201 0 0
GRUPO FIN SAN MEX ADR 40053C105 9,092 666,539 SH   SOLE - 654,043 0 12,496
HAIN CELEST GRP COM 405217100 26,960 296,978 SH   SOLE - 296,978 0 0
HALLIBURTON CO COM 406216101 10,193 200,840 SH   SOLE - 200,840 0 0
HDFC BANK LTD ADR 40415F101 11,296 328,000 SH   SOLE - 328,000 0 0
HOME DEPOT INC COM 437076102 24,409 296,440 SH   SOLE - 296,440 0 0
HOME INNS & HOTEL ADR 43713W107 8,200 187,900 SH   SOLE - 187,900 0 0
HONDA MOTOR CO ADR 438128308 1,221 29,531 SH   SOLE - 0 0 29,531
HORMEL FOODS COM 440452100 3,948 87,411 SH   SOLE - 87,411 0 0
INGREDION INC COM 457187102 11,837 172,910 SH   SOLE - 172,910 0 0
INTL FLAVR & FRAG COM 459506101 19,685 228,954 SH   SOLE - 228,954 0 0
ISHARES INC ITR 464286731 587 40,706 SH   SOLE - 40,706 0 0
ISHARES INC ITR 464286772 942 14,567 SH   SOLE - 14,567 0 0
ISHARES TRUST ITR 464288513 2,510 27,027 SH   SOLE - 27,027 0 0
ITAU UNIBANCO HLG ADR 465562106 1,813 133,568 SH   SOLE - 133,568 0 0
JP MORGAN CHASE COM 46625H100 2,718 46,480 SH   SOLE - 46,480 0 0
LINCOLN NATIONAL COM 534187109 19,152 371,015 SH   SOLE - 371,015 0 0
LOUISIANA-PACIFIC COM 546347105 4,420 238,810 SH   SOLE - 238,810 0 0
MARATHON PETROLM COM 56585A102 4,211 45,905 SH   SOLE - 45,905 0 0
MERCK & CO INC COM 58933Y105 2,092 41,798 SH   SOLE - 41,798 0 0
METLIFE INC COM 59156R108 25,076 465,061 SH   SOLE - 465,061 0 0
MICROSOFT CORP COM 594918104 2,250 60,151 SH   SOLE - 60,151 0 0
MINAS BUENAVENTRA ADR 204448104 1,560 139,047 SH   SOLE - 139,047 0 0
MOBILE TELESYSTEM ADS 607409109 211,378 9,772,468 SH   SOLE - 9,526,770 0 245,698
MONDELEZ INTL INC COM 609207105 14,081 398,892 SH   SOLE - 398,892 0 0
MONSANTO CO COM 61166W101 24,542 210,572 SH   SOLE - 210,572 0 0
MOSAIC CO (THE) COM 61945C103 8,179 173,018 SH   SOLE - 173,018 0 0
MOUNTAIN PRO DIAM COM 62426E402 91 18,259 SH   SOLE - 18,259 0 0
NATIONAL OILWELL COM 637071101 28,146 353,901 SH   SOLE - 353,901 0 0
NETEASE INC ADR 64110W102 5,591 71,135 SH   SOLE - 67,597 0 3,538
NEVSUN RESOURCES COM 64156L101 102 29,013 SH   SOLE - 29,013 0 0
OCCIDENTAL PETRLM COM 674599105 2,006 21,093 SH   SOLE - 21,093 0 0
ORACLE CORP COM 68389X105 413 12,448 SH   SOLE - 12,448 0 0
PETROLEO BRASIL ADS 71654V408 1,929 139,960 SH   SOLE - 139,960 0 0
PFIZER INC COM 717081103 25,804 842,451 SH   SOLE - 842,451 0 0
PHILIP MORRIS INT COM 718172109 1,148 13,172 SH   SOLE - 13,172 0 0
PILGRIMS PRIDE COM 72147K108 6,504 400,260 SH   SOLE - 400,260 0 0
PIONEER NATURAL COM 723787107 5,254 28,542 SH   SOLE - 28,542 0 0
PLATINUM GR METAL COM 72765Q205 98 82,404 SH   SOLE - 82,404 0 0
PLUM CREEK TIMBER COM 729251108 5,761 123,856 SH   SOLE - 123,856 0 0
PNC FINANCIAL COM 693475105 1,856 23,922 SH   SOLE - 23,922 0 0
POLYMET MINING CO COM 731916102 98 108,252 SH   SOLE - 108,252 0 0
POTASH SASKATCHWN COM 73755L107 35,298 1,070,935 SH   SOLE - 625,480 0 445,455
PRAXAIR INC COM 74005P104 21,858 168,098 SH   SOLE - 168,098 0 0
PRECISION CASTPRT COM 740189105 18,048 67,019 SH   SOLE - 67,019 0 0
PRICELINE.COM COM 741503403 14,241 12,251 SH   SOLE - 12,251 0 0
PROOFPOINT INC COM 743424103 1,462 44,086 SH   SOLE - 44,086 0 0
RANDGOLD RESOURCE ADR 752344309 5,989 95,350 SH   SOLE - 95,350 0 0
RALPH LAUREN CORP COM 751212101 5,336 32,394 SH   SOLE - 32,394 0 0
SALLY BEAUTY HOL COM 79546E104 8,900 294,417 SH   SOLE - 294,417 0 0
SANDERSON FARM COM 800013104 2,122 29,333 SH   SOLE - 29,333 0 0
SCHLUMBERGER LTD COM 806857108 27,757 308,036 SH   SOLE - 308,036 0 0
SILVER WHEATON CO COM 828336107 22,377 1,043,207 SH   SOLE - 557,147 0 486,060
SK TELECOM ADS 78440P108 5,308 215,600 SH   SOLE - 215,600 0 0
SMUCKER(J.M.)CO COM 832696405 1,809 17,458 SH   SOLE - 17,458 0 0
SOUFUN HLDGS LTD ADR 836034108 13,561 164,552 SH   SOLE - 164,552 0 0
SOUTHERN COPPER COM 84265V105 4,950 172,407 SH   SOLE - 172,407 0 0
SPDR S&P500 TRUST ITR 78462F103 3,792 20,530 SH   SOLE - 20,530 0 0
STILLWATER MINING COM 86074Q102 2,994 242,663 SH   SOLE - 242,663 0 0
SUNCOR ENERGY INC COM 867224107 16,934 483,163 SH   SOLE - 483,163 0 0
SUNCOR ENERGY INC COM 867224107 45,969 1,311,537 SH   SOLE - 348,386 0 963,151
SUNOPTA INC COM 8676EP108 3,429 342,508 SH   SOLE - 342,508 0 0
TAIWAN SEMICONDUC ADS 874039100 83,714 4,800,095 SH   SOLE - 4,311,189 0 488,906
TAL EDUCATION GRP ADR 874080104 10,807 491,435 SH   SOLE - 485,379 0 6,056
TECK RESOURCES COM 878742204 10,002 384,365 SH   SOLE - 384,365 0 0
TERADATA CORP COM 88076W103 987 21,692 SH   SOLE - 21,692 0 0
TESORO CORP COM 881609101 5,069 86,657 SH   SOLE - 86,657 0 0
TYSON FOODS INC COM 902494103 28,107 840,007 SH   SOLE - 840,007 0 0
UNITED TECHNOLOGY COM 913017109 29,599 260,101 SH   SOLE - 260,101 0 0
US BANCORP COM 902973304 203 5,015 SH   SOLE - 5,015 0 0
VALE S.A. ADR 91912E204 47,340 3,379,034 SH   SOLE - 3,305,250 0 73,784
VALE S.A. ADR 91912E105 1,788 117,247 SH   SOLE - 117,247 0 0
VALERO ENERGY(NEW COM 91913Y100 2,816 55,873 SH   SOLE - 55,873 0 0
VANGUARD INTL EQ ITR 922042874 3,787 64,399 SH   SOLE - 64,399 0 0
WESTERN REFINING COM 959319104 5,822 137,274 SH   SOLE - 137,274 0 0
WEYERHAEUSER CO COM 962166104 17,966 569,079 SH   SOLE - 569,079 0 0
WHITEWAVE FOODS COM 966244105 2,783 121,300 SH   SOLE - 121,300 0 0
WISCONSIN ENERGY COM 976657106 1,950 47,159 SH   SOLE - 47,159 0 0
YAMANA GOLD COM 98462Y100 33,506 3,887,020 SH   SOLE - 1,767,185 0 2,119,835
ZIMMER HOLDINGS COM 98956P102 17,695 189,880 SH   SOLE - 189,880 0 0