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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Banco Santender Chile ADR 05965X109   81 4,438 SH   OTR   0 4,438 0
BHP Billiton ADR 05545E209   25,852 842,900 SH   OTR   0 842,900 0
Cemig SA ADR 204409601   13 7,462 SH   OTR   0 7,462 0
China Unicom ADR 16945R104   66 5,202 SH   OTR   0 5,202 0
China Yuchai ADR G21082105   156 12,626 SH   OTR   0 12,626 0
Chunghwa Tel ADR 17133Q502   101 3,356 SH   OTR   0 3,356 0
CIA Brasileira ADR 20440T201   137 10,938 SH   OTR   0 10,938 0
CIA Cervecerias ADR 204429104   103 4,663 SH   OTR   0 4,663 0
CIA de Minas ADR 204448104   53 8,926 SH   OTR   0 8,926 0
CIA Paranaense ADR 20441B407   27 3,284 SH   OTR   0 3,284 0
Coca Cola Femsa ADR 191241108   52 744 SH   OTR   0 744 0
Corpbanca SA ADR 21987A209   67 5,000 SH   OTR   0 5,000 0
CPFL Energia ADR 126153105   13 1,707 SH   OTR   0 1,707 0
Creditcorp LTD COM 62519Y108   819 7,707 SH   OTR   0 7,707 0
Embraer SA ADR 29082A107   52 2,049 SH   OTR   0 2,049 0
Empresa NAC ADR 29244T101   60 1,685 SH   OTR   0 1,685 0
Enersis SA ADR 29274F104   68 5,367 SH   OTR   0 5,367 0
Fomento Economento ADR 344419106   318 3,562 SH   OTR   0 3,562 0
Gerdau ADR 373737105   13 9,500 SH   OTR   0 9,500 0
Gold Fields ADR 38059T106   12 4,490 SH   OTR   0 4,490 0
Grupo Aeroportuario ADR 400506101   121 1,395 SH   OTR   0 1,395 0
Grupo Televisa ADR 40049J206   183 7,047 SH   OTR   0 7,047 0
Infosys Technologies ADR 456788108   45,845 2,401,522 SH   OTR   0 2,401,522 0
International Game Technolog COM G4863A108   29,021 1,893,065 SH   OTR   0 1,893,065 0
IPATH MSCI India ETF 06739F291   1,952 29,495 SH   OTR   0 29,495 0
ISHARES MSCI EM ETF 464287234   56 1,700 SH   OTR   0 1,700 0
KT Corp ADR 48268K101   92 7,023 SH   OTR   0 7,023 0
Mobile Tel ADR 607409109   36 5,038 SH   OTR   0 5,038 0
PETROCHINA ADR 71646E100   35 505 SH   OTR   0 505 0
PETROLEO BRASILEIRO SA ADR 71654V101   137 37,232 SH   OTR   0 37,232 0
Philippine Long Dist ADR 718252604   111 2,406 SH   OTR   0 2,406 0
Quimica Y Minera ADR 833635105   79 5,466 SH   OTR   0 5,466 0
SK Telecom ADR 78440P108   361 14,793 SH   OTR   0 14,793 0
Southern Copper COM 84265V105   95 3,566 SH   OTR   0 3,566 0
Taiwan Semiconductor ADR 874039100   22 1,057 SH   OTR   0 1,057 0
Telefonica Brasil ADR 87936R106   35 3,869 SH   OTR   0 3,869 0
Telekomunik Indonesia ADR 715684106   103 2,884 SH   OTR   0 2,884 0
Teva Pharm ADR 881624209   37,129 657,619 SH   OTR   0 657,619 0
TIM Part ADR 88706P205   25 2,643 SH   OTR   0 2,643 0
Turkcell ADR 900111204   68 7,788 SH   OTR   0 7,788 0
Vanguard FTSE EM ETF 922042858   1,767 53,414 SH   OTR   0 53,414 0
Ambev ADR 02319V103   359 73,334 SH   OTR   0 73,334 0
America Movil ADR 02364W105   161 9,702 SH   OTR   0 9,702 0
Anglogold Ashanti ADR 035128206   26 3,117 SH   OTR   0 3,117 0