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
CANADIAN PAC RY LTD COM 13645T100 635 3,500 SH   SOLE   3,500 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 12,328 305,780 SH   SOLE   305,780 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 892 14,610 SH   SOLE   14,610 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,717 52,425 SH   SOLE   52,425 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 4,654 94,120 SH   SOLE   94,120 0 0
AMGEN INC COM 031162100 5,512 46,570 SH   SOLE   46,570 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 2,358 137,000 SH   SOLE   137,000 0 0
APPLE INC COM 037833100 14,163 152,400 SH   SOLE   152,400 0 0
AVON PRODS INC COM 054303102 11,327 775,300 SH   SOLE   775,300 0 0
BROADCOM CORP CL A 111320107 5,029 135,480 SH   SOLE   135,480 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 2,720 55,950 SH   SOLE   55,950 0 0
COCA COLA CO COM 191216100 1,186 28,000 SH   SOLE   28,000 0 0
COLGATE PALMOLIVE CO COM 194162103 1,336 19,600 SH   SOLE   19,600 0 0
CONOCOPHILLIPS COM 20825C104 640 7,470 SH   SOLE   7,470 0 0
CUMMINS INC COM 231021106 8,120 52,630 SH   SOLE   52,630 0 0
DANAHER CORP DEL COM 235851102 7,997 101,570 SH   SOLE   101,570 0 0
DIRECTV COM 25490A309 7,916 93,120 SH   SOLE   93,120 0 0
E M C CORP MASS COM 268648102 369 14,000 SH   SOLE   14,000 0 0
EMBOTELLADORA ANDINA S A SPON ADR B 29081P303 747 33,000 SH   SOLE   33,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,523 71,790 SH   SOLE   71,790 0 0
EXXON MOBIL CORP COM 30231G102 9,488 94,240 SH   SOLE   94,240 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,804 220,650 SH   SOLE   220,650 0 0
FREEPORT-MCMORAN INC CL B 35671D857 8,981 246,060 SH   SOLE   246,060 0 0
GOOGLE INC CL A 38259P508 13,266 22,690 SH   SOLE   22,690 0 0
HALLIBURTON CO COM 406216101 8,313 117,070 SH   SOLE   117,070 0 0
HASBRO INC COM 418056107 584 11,000 SH   SOLE   11,000 0 0
HEALTH CARE REIT INC COM 42217K106 9,968 159,055 SH   SOLE   159,055 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,390 199,460 SH   SOLE   199,460 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 544 3,000 SH   SOLE   3,000 0 0
ISHARES MSCI TURKEY ETF 464286715 20,641 371,500 SH   SOLE   371,500 0 0
ISHARES GL TIMB FORE ETF 464288174 1,374 26,000 SH   SOLE   26,000 0 0
ISHARES INC CORE MSCI EMKT 46434G103 36,172 699,650 SH   SOLE   699,650 0 0
JPMORGAN CHASE & CO COM 46625H100 8,553 148,440 SH   SOLE   148,440 0 0
JOHNSON & JOHNSON COM 478160104 1,585 15,150 SH   SOLE   15,150 0 0
KROGER CO COM 501044101 806 16,300 SH   SOLE   16,300 0 0
LILLY ELI & CO COM 532457108 622 10,000 SH   SOLE   10,000 0 0
M & T BK CORP COM 55261F104 8,408 67,780 SH   SOLE   67,780 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 4,129 156,100 SH   SOLE   156,100 0 0
MARKET VECTORS ETF TR NATURAL RES ETF 57060U795 8,930 220,000 SH   SOLE   220,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 321 6,200 SH   SOLE   6,200 0 0
MCDONALDS CORP COM 580135101 11,576 114,910 SH   SOLE   114,910 0 0
MEDTRONIC INC COM 585055106 10,172 159,540 SH   SOLE   159,540 0 0
MICROSOFT CORP COM 594918104 10,913 261,700 SH   SOLE   261,700 0 0
MONDELEZ INTL INC CL A 609207105 8,187 217,690 SH   SOLE   217,690 0 0
NASDAQ OMX GROUP INC COM 631103108 13,364 346,050 SH   SOLE   346,050 0 0
NEXTERA ENERGY INC COM 65339F101 4,355 42,500 SH   SOLE   42,500 0 0
NVIDIA CORP COM 67066G104 8,532 460,200 SH   SOLE   460,200 0 0
ORACLE CORP COM 68389X105 10,331 254,908 SH   SOLE   254,908 0 0
PEPSICO INC COM 713448108 9,400 105,213 SH   SOLE   105,213 0 0
PETSMART INC COM 716768106 4,485 75,000 SH   SOLE   75,000 0 0
PITNEY BOWES INC COM 724479100 4,177 151,240 SH   SOLE   151,240 0 0
QUANTA SVCS INC COM 74762E102 12,352 357,200 SH   SOLE   357,200 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 362 10,840 SH   SOLE   10,840 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2,817 131,710 SH   SOLE   131,710 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 592 28,850 SH   SOLE   28,850 0 0
TERADATA CORP DEL COM 88076W103 11,431 284,350 SH   SOLE   284,350 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 13,778 262,830 SH   SOLE   262,830 0 0
TIFFANY & CO NEW COM 886547108 8,186 81,660 SH   SOLE   81,660 0 0
TUPPERWARE BRANDS CORP COM 899896104 10,131 121,040 SH   SOLE   121,040 0 0
UNITEDHEALTH GROUP INC COM 91324P102 14,560 178,110 SH   SOLE   178,110 0 0
VALE S A ADR 91912E105 849 64,200 SH   SOLE   64,200 0 0
WAL-MART STORES INC COM 931142103 300 4,000 SH   SOLE   4,000 0 0
WASTE MGMT INC DEL COM 94106L109 4,102 91,700 SH   SOLE   91,700 0 0
WELLS FARGO & CO NEW COM 949746101 2,069 39,370 SH   SOLE   39,370 0 0