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
3M CO COM 88579Y101 178,342 1,085,336 SH   SOLE 1,085,336 0 0
51JOB INC SP ADR REP COM 316827104 75,227 2,098,384 SH   SOLE 2,098,384 0 0
ABBOTT LABS COM 002824100 140,919 3,130,149 SH   SOLE 3,130,149 0 0
ABBVIE INC COM 00287Y109 172,455 2,635,315 SH   SOLE 2,635,315 0 0
ALLSTATE CORP COM 020002101 215 3,058 SH   SOLE 3,058 0 0
AMBEV SA SPONSORED ADR 02319V103 70,028 11,258,552 SH   SOLE 11,258,552 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 130,204 5,870,331 SH   SOLE 5,870,331 0 0
AMERICAN EXPRESS CO COM 025816109 157,748 1,695,489 SH   SOLE 1,695,489 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 260,761 2,321,583 SH   SOLE 2,321,583 0 0
ANTHEM INC COM 036752103 101 800 SH   SOLE 800 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 277,202 5,987,092 SH   SOLE 5,987,092 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 3,123 28,960 SH   SOLE 28,960 0 0
AVERY DENNISON CORP COM 053611109 31 600 SH   SOLE 600 0 0
BAIDU INC SPON ADR REP A 056752108 297,062 1,303,075 SH   SOLE 1,303,075 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 67,434 7,181,554 SH   SOLE 7,181,554 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 132,092 9,879,700 SH   SOLE 9,879,700 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 67,882 3,442,308 SH   SOLE 3,442,308 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 58,989 1,232,021 SH   SOLE 1,232,021 0 0
BORGWARNER INC COM 099724106 151,679 2,760,300 SH   SOLE 2,760,300 0 0
BUNGE LIMITED COM G16962105 446,039 4,906,386 SH   SOLE 4,906,386 0 0
CANADIAN NATL RY CO COM 136375102 349,971 5,078,662 SH   SOLE 5,078,662 0 0
CITRIX SYS INC COM 177376100 157,211 2,464,126 SH   SOLE 2,464,126 0 0
CNOOC LTD SPONSORED ADR 126132109 74,894 552,969 SH   SOLE 552,969 0 0
COLGATE PALMOLIVE CO COM 194162103 217,999 3,150,735 SH   SOLE 3,150,735 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 118,652 3,221,615 SH   SOLE 3,221,615 0 0
COPA HOLDINGS SA CL A P31076105 6,856 66,150 SH   SOLE 66,150 0 0
CREDICORP LTD COM G2519Y108 133,580 833,938 SH   SOLE 833,938 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 57,212 1,257,401 SH   SOLE 1,257,401 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 250,989 3,313,826 SH   SOLE 3,313,826 0 0
EBAY INC COM 278642103 309,349 5,512,280 SH   SOLE 5,512,280 0 0
ECOPETROL S A SPONSORED ADS 279158109 2,243 131,000 SH   SOLE 131,000 0 0
EMERSON ELEC CO COM 291011104 159,307 2,580,712 SH   SOLE 2,580,712 0 0
EXXON MOBIL CORP COM 30231G102 186,248 2,014,588 SH   SOLE 2,014,588 0 0
F5 NETWORKS INC COM 315616102 186,347 1,428,326 SH   SOLE 1,428,326 0 0
FIRST CASH FINL SVCS INC COM 31942D107 825 14,820 SH   SOLE 14,820 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 224,440 4,306,221 SH   SOLE 4,306,221 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 84,799 963,301 SH   SOLE 963,301 0 0
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 76,943 2,071,697 SH   SOLE 2,071,697 0 0
GOOGLE INC CL A 38259P508 262,070 493,858 SH   SOLE 493,858 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 60,807 1,788,971 SH   SOLE 1,788,971 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 95,581 724,981 SH   SOLE 724,981 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 102,322 3,004,163 SH   SOLE 3,004,163 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 149,014 2,936,248 SH   SOLE 2,936,248 0 0
ICICI BK LTD ADR 45104G104 628,732 54,435,634 SH   SOLE 54,435,634 0 0
ILLINOIS TOOL WKS INC COM 452308109 76 800 SH   SOLE 800 0 0
IMPERIAL OIL LTD COM NEW 453038408 291,489 6,774,104 SH   SOLE 6,774,104 0 0
IMS HEALTH HLDGS INC COM 44970B109 22,009 858,394 SH   SOLE 858,394 0 0
INFORMATICA CORP COM 45666Q102 126,979 3,329,701 SH   SOLE 3,329,701 0 0
IPG PHOTONICS CORP COM 44980X109 143,278 1,912,412 SH   SOLE 1,912,412 0 0
ISHARES EAFE SML CP ETF 464288273 8,025 171,800 SH   SOLE 171,800 0 0
ISHARES MSCI ACWI ETF 464288257 367 6,272 SH   SOLE 6,272 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 257,591 19,799,435 SH   SOLE 19,799,435 0 0
JOHNSON & JOHNSON COM 478160104 84 800 SH   SOLE 800 0 0
JPMORGAN CHASE & CO COM 46625H100 261,146 4,173,005 SH   SOLE 4,173,005 0 0
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 992 18,210 SH   SOLE 18,210 0 0
MASTERCARD INC CL A 57636Q104 282,818 3,282,478 SH   SOLE 3,282,478 0 0
MICROSOFT CORP COM 594918104 274,871 5,917,564 SH   SOLE 5,917,564 0 0
MONSANTO CO NEW COM 61166W101 260,776 2,182,772 SH   SOLE 2,182,772 0 0
NIKE INC CL B 654106103 377,383 3,924,943 SH   SOLE 3,924,943 0 0
NOBLE ENERGY INC COM 655044105 76 1,600 SH   SOLE 1,600 0 0
NOVO-NORDISK A S ADR 670100205 101,749 2,404,297 SH   SOLE 2,404,297 0 0
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 2,310 36,500 SH   SOLE 36,500 0 0
PRAXAIR INC COM 74005P104 107,159 827,098 SH   SOLE 827,098 0 0
PRECISION CASTPARTS CORP COM 740189105 357 1,480 SH   SOLE 1,480 0 0
PRICESMART INC COM 741511109 9,740 106,770 SH   SOLE 106,770 0 0
PROCTER & GAMBLE CO COM 742718109 122,495 1,344,767 SH   SOLE 1,344,767 0 0
RALPH LAUREN CORP CL A 751212101 111,429 601,797 SH   SOLE 601,797 0 0
ROPER INDS INC NEW COM 776696106 300,062 1,919,173 SH   SOLE 1,919,173 0 0
SAP SE SPON ADR 803054204 441,418 6,337,666 SH   SOLE 6,337,666 0 0
SASOL LTD SPONSORED ADR 803866300 37,787 995,198 SH   SOLE 995,198 0 0
SCHLUMBERGER LTD COM 806857108 592,480 6,936,892 SH   SOLE 6,936,892 0 0
SHIRE PLC SPONSORED ADR 82481R106 54,296 255,463 SH   SOLE 255,463 0 0
SVB FINL GROUP COM 78486Q101 243,179 2,095,101 SH   SOLE 2,095,101 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 363,142 16,226,214 SH   SOLE 16,226,214 0 0
TENARIS S A SPONSORED ADR 88031M109 59,311 1,963,282 SH   SOLE 1,963,282 0 0
TRANSOCEAN LTD REG SHS H8817H100 4 218 SH   SOLE 218 0 0
TRIMBLE NAVIGATION LTD COM 896239100 110,350 4,157,886 SH   SOLE 4,157,886 0 0
UNILEVER PLC SPON ADR NEW 904767704 52,872 1,306,116 SH   SOLE 1,306,116 0 0
V F CORP COM 918204108 360 4,800 SH   SOLE 4,800 0 0
VALE S A ADR 91912E105 47,259 5,777,426 SH   SOLE 5,777,426 0 0
VALE S A ADR REPSTG PFD 91912E204 9,416 1,296,940 SH   SOLE 1,296,940 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 40,466 863,551 SH   SOLE 863,551 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 1,394 14,600 SH   SOLE 14,600 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 8,269 218,300 SH   SOLE 218,300 0 0
VERISK ANALYTICS INC CL A 92345Y106 126,355 1,972,752 SH   SOLE 1,972,752 0 0
WATERS CORP COM 941848103 129,469 1,148,591 SH   SOLE 1,148,591 0 0
WELLS FARGO & CO NEW COM 949746101 258,132 4,708,718 SH   SOLE 4,708,718 0 0
WPP PLC NEW ADR 92937A102 159,601 1,533,148 SH   SOLE 1,533,148 0 0
YANDEX N V SHS CLASS A N97284108 56,322 3,135,957 SH   SOLE 3,135,957 0 0