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 113,348 576,186 SH   SOLE   576,186 0 0
51JOB INC SP ADR REP COM 316827104 417,214 4,272,983 SH   SOLE   4,272,983 0 0
ABBOTT LABS COM 002824100 141,145 2,314,223 SH   SOLE   2,314,223 0 0
ADOBE SYS INC COM 00724F101 22 90 SH   SOLE   90 0 0
AIR PRODS & CHEMS INC COM 009158106 50 320 SH   SOLE   320 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 549,972 2,964,331 SH   SOLE   2,964,331 0 0
ALLSTATE CORP COM 020002101 279 3,058 SH   SOLE   3,058 0 0
ALPHABET INC CAP STK CL A 02079K305 51 45 SH   SOLE   45 0 0
AMAZON COM INC COM 023135106 207,743 122,216 SH   SOLE   122,216 0 0
AMBEV SA SPONSORED ADR 02319V103 114,638 24,759,818 SH   SOLE   24,759,818 0 0
AMERISOURCEBERGEN CORP COM 03073E105 135,018 1,583,410 SH   SOLE   1,583,410 0 0
AMETEK INC NEW COM 031100100 59 820 SH   SOLE   820 0 0
AMPHENOL CORP NEW CL A 032095101 61 700 SH   SOLE   700 0 0
ANTHEM INC COM 036752103 190 800 SH   SOLE   800 0 0
APPLE INC COM 037833100 225,264 1,216,920 SH   SOLE   1,216,920 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 107 540 SH   SOLE   540 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 72 540 SH   SOLE   540 0 0
AVERY DENNISON CORP COM 053611109 61 600 SH   SOLE   600 0 0
BAIDU INC SPON ADR REP A 056752108 1,180,502 4,858,033 SH   SOLE   4,858,033 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 218,663 31,237,589 SH   SOLE   31,237,589 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 182,906 26,662,638 SH   SOLE   26,662,638 0 0
BANCO MACRO SA SPON ADR B 05961W105 102,655 1,746,126 SH   SOLE   1,746,126 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 201,004 6,395,303 SH   SOLE   6,395,303 0 0
BANCO SANTANDER S A SPONSORED ADR B 05969B103 53 7,980 SH   SOLE   7,980 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 199,591 4,177,300 SH   SOLE   4,177,300 0 0
BOOKING HLDGS INC COM 09857L108 355,088 175,171 SH   SOLE   175,171 0 0
BORGWARNER INC COM 099724106 10 235 SH   SOLE   235 0 0
CANADIAN NATL RY CO COM 136375102 606,208 7,415,399 SH   SOLE   7,415,399 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 743,211 7,608,630 SH   SOLE   7,608,630 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 166 3,730 SH   SOLE   3,730 0 0
CHURCH & DWIGHT INC COM 171340102 57 1,080 SH   SOLE   1,080 0 0
CISCO SYS INC COM 17275R102 36 845 SH   SOLE   845 0 0
CNOOC LTD SPONSORED ADR 126132109 270,399 1,579,065 SH   SOLE   1,579,065 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 86 1,520 SH   SOLE   1,520 0 0
COGNEX CORP COM 192422103 122,373 2,743,171 SH   SOLE   2,743,171 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 149,410 1,891,512 SH   SOLE   1,891,512 0 0
COLGATE PALMOLIVE CO COM 194162103 153,022 2,361,082 SH   SOLE   2,361,082 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 153,238 7,669,547 SH   SOLE   7,669,547 0 0
CORE LABORATORIES N V COM N22717107 1,585 12,562 SH   SOLE   12,562 0 0
COSTCO WHSL CORP NEW COM 22160K105 74 355 SH   SOLE   355 0 0
CREDICORP LTD COM G2519Y108 279,292 1,240,635 SH   SOLE   1,240,635 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 118,374 2,485,290 SH   SOLE   2,485,290 0 0
DANAHER CORP DEL COM 235851102 13 135 SH   SOLE   135 0 0
DEERE & CO COM 244199105 28 200 SH   SOLE   200 0 0
DISNEY WALT CO COM DISNEY 254687106 135,031 1,288,344 SH   SOLE   1,288,344 0 0
EBAY INC COM 278642103 130,261 3,592,407 SH   SOLE   3,592,407 0 0
ECOLAB INC COM 278865100 56 400 SH   SOLE   400 0 0
ECOPETROL S A SPONSORED ADS 279158109 18,937 921,489 SH   SOLE   921,489 0 0
EMERSON ELEC CO COM 291011104 13 185 SH   SOLE   185 0 0
ENCANA CORP COM 292505104 74 5,670 SH   SOLE   5,670 0 0
ENERSYS COM 29275Y102 15 200 SH   SOLE   200 0 0
EPAM SYS INC COM 29414B104 66,484 534,738 SH   SOLE   534,738 0 0
EXXON MOBIL CORP COM 30231G102 124,151 1,500,668 SH   SOLE   1,500,668 0 0
FACEBOOK INC CL A 30303M102 244,216 1,256,777 SH   SOLE   1,256,777 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 363,198 3,752,437 SH   SOLE   3,752,437 0 0
FISERV INC COM 337738108 67 900 SH   SOLE   900 0 0
FLOWSERVE CORP COM 34354P105 21 530 SH   SOLE   530 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 88,961 1,013,334 SH   SOLE   1,013,334 0 0
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 212,691 4,224,259 SH   SOLE   4,224,259 0 0
GARTNER INC COM 366651107 60 450 SH   SOLE   450 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 354,847 16,504,491 SH   SOLE   16,504,491 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 212,187 1,333,165 SH   SOLE   1,333,165 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 10,033 304,210 SH   SOLE   304,210 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 153,456 8,097,943 SH   SOLE   8,097,943 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 13 152 SH   SOLE   152 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 412,881 3,931,451 SH   SOLE   3,931,451 0 0
HEALTHCARE SVCS GRP INC COM 421906108 10 220 SH   SOLE   220 0 0
HEICO CORP NEW COM 422806109 15 212 SH   SOLE   212 0 0
HELMERICH & PAYNE INC COM 423452101 11 180 SH   SOLE   180 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 119,156 2,527,700 SH   SOLE   2,527,700 0 0
ICICI BK LTD ADR 45104G104 422,762 52,647,851 SH   SOLE   52,647,851 0 0
IDEXX LABS INC COM 45168D104 15 70 SH   SOLE   70 0 0
ILLINOIS TOOL WKS INC COM 452308109 111 800 SH   SOLE   800 0 0
ILLUMINA INC COM 452327109 17 60 SH   SOLE   60 0 0
INFOSYS LTD SPONSORED ADR 456788108 194 9,999 SH   SOLE   9,999 0 0
IPG PHOTONICS CORP COM 44980X109 192,088 870,631 SH   SOLE   870,631 0 0
IQVIA HLDGS INC COM 46266C105 58 580 SH   SOLE   580 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 762,660 73,473,913 SH   SOLE   73,473,913 0 0
JD COM INC SPON ADR CL A 47215P106 99,550 2,555,841 SH   SOLE   2,555,841 0 0
JOHNSON & JOHNSON COM 478160104 97 800 SH   SOLE   800 0 0
JPMORGAN CHASE & CO COM 46625H100 31 295 SH   SOLE   295 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 12 116 SH   SOLE   116 0 0
LAUDER ESTEE COS INC CL A 518439104 67 468 SH   SOLE   468 0 0
LOMA NEGRA CORP SPONSORED ADS 54150E104 2,800 272,900 SH   SOLE   272,900 0 0
LULULEMON ATHLETICA INC COM 550021109 36 290 SH   SOLE   290 0 0
MASTERCARD INCORPORATED CL A 57636Q104 254,974 1,297,445 SH   SOLE   1,297,445 0 0
MCDONALDS CORP COM 580135101 61 390 SH   SOLE   390 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 17 30 SH   SOLE   30 0 0
MICROSOFT CORP COM 594918104 133,261 1,351,401 SH   SOLE   1,351,401 0 0
NETEASE INC SPONSORED ADR 64110W102 42,665 168,855 SH   SOLE   168,855 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 80 845 SH   SOLE   845 0 0
NIKE INC CL B 654106103 233,484 2,930,281 SH   SOLE   2,930,281 0 0
NOBLE ENERGY INC COM 655044105 56 1,600 SH   SOLE   1,600 0 0
NOVARTIS A G SPONSORED ADR 66987V109 132 1,750 SH   SOLE   1,750 0 0
NVIDIA CORP COM 67066G104 14 60 SH   SOLE   60 0 0
PAYPAL HLDGS INC COM 70450Y103 483,448 5,805,790 SH   SOLE   5,805,790 0 0
PRAXAIR INC COM 74005P104 3,888 24,584 SH   SOLE   24,584 0 0
PRICE T ROWE GROUP INC COM 74144T108 13 109 SH   SOLE   109 0 0
PROCTER AND GAMBLE CO COM 742718109 106 1,360 SH   SOLE   1,360 0 0
PRUDENTIAL FINL INC COM 744320102 43 460 SH   SOLE   460 0 0
RED HAT INC COM 756577102 16 120 SH   SOLE   120 0 0
REGENERON PHARMACEUTICALS COM 75886F107 213,424 618,639 SH   SOLE   618,639 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 51 380 SH   SOLE   380 0 0
ROCKWELL AUTOMATION INC COM 773903109 28 170 SH   SOLE   170 0 0
ROLLINS INC COM 775711104 21 400 SH   SOLE   400 0 0
ROPER TECHNOLOGIES INC COM 776696106 397,742 1,441,564 SH   SOLE   1,441,564 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 344,921 4,747,701 SH   SOLE   4,747,701 0 0
SALESFORCE COM INC COM 79466L302 18 130 SH   SOLE   130 0 0
SAP SE SPON ADR 803054204 634,688 5,487,533 SH   SOLE   5,487,533 0 0
SASOL LTD SPONSORED ADR 803866300 102,681 2,810,095 SH   SOLE   2,810,095 0 0
SCHLUMBERGER LTD COM 806857108 705,554 10,525,937 SH   SOLE   10,525,937 0 0
SENSATA TECHNOLOGIES HLDNG P SHS G8060N102 782 16,444 SH   SOLE   16,444 0 0
SHIRE PLC SPONSORED ADR 82481R106 27 159 SH   SOLE   159 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 41 320 SH   SOLE   320 0 0
SVB FINL GROUP COM 78486Q101 256,337 887,717 SH   SOLE   887,717 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 744,273 20,357,587 SH   SOLE   20,357,587 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 5,854 329,978 SH   SOLE   329,978 0 0
TENARIS S A SPONSORED ADR 88031M109 560,668 15,407,213 SH   SOLE   15,407,213 0 0
TEXAS INSTRS INC COM 882508104 12 110 SH   SOLE   110 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 12 60 SH   SOLE   60 0 0
TJX COS INC NEW COM 872540109 73 771 SH   SOLE   771 0 0
TRACTOR SUPPLY CO COM 892356106 71 930 SH   SOLE   930 0 0
TRANSOCEAN LTD REG SHS H8817H100 3 218 SH   SOLE   218 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 90 7,636 SH   SOLE   7,636 0 0
UNILEVER PLC SPON ADR NEW 904767704 164,663 2,978,710 SH   SOLE   2,978,710 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 3,865 74,563 SH   SOLE   74,563 0 0
VERISK ANALYTICS INC COM 92345Y106 306,157 2,844,267 SH   SOLE   2,844,267 0 0
VISA INC COM CL A 92826C839 34 260 SH   SOLE   260 0 0
WABCO HLDGS INC COM 92927K102 108,201 924,637 SH   SOLE   924,637 0 0
WABTEC CORP COM 929740108 18 180 SH   SOLE   180 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 87,216 1,453,234 SH   SOLE   1,453,234 0 0
WATERS CORP COM 941848103 167,455 864,998 SH   SOLE   864,998 0 0
WEIBO CORP SPONSORED ADR 948596101 488,384 5,502,300 SH   SOLE   5,502,300 0 0
WORKDAY INC CL A 98138H101 17 140 SH   SOLE   140 0 0
WPP PLC NEW ADR 92937A102 97,075 1,235,368 SH   SOLE   1,235,368 0 0
YANDEX N V SHS CLASS A N97284108 169,525 4,722,149 SH   SOLE   4,722,149 0 0
ZOETIS INC CL A 98978V103 32 380 SH   SOLE   380 0 0