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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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Ambev ADR 02319V103   442 76,683 SH   OTR   0 76,683 0
America Movil ADR 02364W105   199 9,702 SH   OTR   0 9,702 0
Anglogold Ashanti ADR 035128206   29 3,117 SH   OTR   0 3,117 0
Banco Santender Chile ADR 05965X109   96 4,438 SH   OTR   0 4,438 0
BHP Billiton ADR 05545E209   22,550 509,500 SH   OTR   0 509,500 0
Cemex SAB ADR 151290889   38 4,015 SH   OTR   0 4,015 0
Cemig SA ADR 204409601   31 7,462 SH   OTR   0 7,462 0
China Unicom ADR 16945R104   79 5,202 SH   OTR   0 5,202 0
China Yuchai ADR G21082105   233 11,788 SH   OTR   0 11,788 0
Chunghwa Tel ADR 17133Q502   108 3,356 SH   OTR   0 3,356 0
CIA Brasileira ADR 20440T201   389 13,039 SH   OTR   0 13,039 0
CIA Cervecerias ADR 204429104   97 4,663 SH   OTR   0 4,663 0
CIA de Minas ADR 204448104   90 8,926 SH   OTR   0 8,926 0
CIA Paranaense ADR 20441B407   342 32,593 SH   OTR   0 32,593 0
CIA Siderurgica ADR 20440W105   27 15,811 SH   OTR   0 15,811 0
CNOOC LTD ADR 126132109   24 169 SH   OTR   0 169 0
Coca Cola Femsa ADR 191241108   59 744 SH   OTR   0 744 0
Corpbanca SA ADR 21987A209   80 5,000 SH   OTR   0 5,000 0
CPFL Energia ADR 126153105   9 686 SH   OTR   0 686 0
Creditcorp LTD COM 62519Y108   131 934 SH   OTR   0 934 0
Ecopetrol SA ADR 279158109   108 7,108 SH   OTR   0 7,108 0
Embraer SA ADR 29082A107   63 2,049 SH   OTR   0 2,049 0
Empresa NAC ADR 29244T101   76 1,685 SH   OTR   0 1,685 0
Enersis SA ADR 29274F104   87 5,367 SH   OTR   0 5,367 0
Fomento Economento ADR 344419106   153 1,639 SH   OTR   0 1,639 0
Gerdau ADR 373737105   30 9,500 SH   OTR   0 9,500 0
Gold Fields ADR 38059T106   18 4,490 SH   OTR   0 4,490 0
Grupo Aeroportuario ADR 400506101   342 5,216 SH   OTR   0 5,216 0
Grupo Televisa ADR 40049J206   233 7,047 SH   OTR   0 7,047 0
Infosys Technologies ADR 456788108   42,141 1,201,294 SH   OTR   0 1,201,294 0
IPATH MSCI India ETF 06739F291   1,727 23,300 SH   OTR   0 23,300 0
ISHARES MSCI EM ETF 464287234   4 100 SH   OTR   0 100 0
KT Corp ADR 48268K101   92 7,023 SH   OTR   0 7,023 0
METHANEX CORP COM 59151K108   9,151 170,817 SH   OTR   0 170,817 0
Perfect World Co Spon ADR 71372U104   437 23,530 SH   OTR   0 23,530 0
Mobile Tel ADR 607409109   301 29,771 SH   OTR   0 29,771 0
PETROCHINA ADR 71646E100   56 505 SH   OTR   0 505 0
PETROLEO BRASILEIRO SA ADR 71654V101   307 50,474 SH   OTR   0 50,474 0
Philippine Long Dist ADR 718252604   150 2,406 SH   OTR   0 2,406 0
Quimica Y Minera ADR 833635105   88 4,806 SH   OTR   0 4,806 0
SK Telecom ADR 78440P108   476 17,477 SH   OTR   0 17,477 0
Southern Copper COM 84265V105   104 3,566 SH   OTR   0 3,566 0
Taiwan Semiconductor ADR 874039100   25 1,057 SH   OTR   0 1,057 0
Telefonica Brasil ADR 87936R106   59 3,869 SH   OTR   0 3,869 0
Telekomunik Indonesia ADR 715684106   126 2,884 SH   OTR   0 2,884 0
Teva Pharm ADR 881624209   40,970 657,619 SH   OTR   0 657,619 0
TIM Part ADR 88706P205   44 2,643 SH   OTR   0 2,643 0
Turkcell ADR 900111204   101 7,788 SH   OTR   0 7,788 0
Vanguard FTSE EM ETF 922042858   1,061 25,954 SH   OTR   0 25,954 0