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 126,419 602,283 SH   SOLE   602,283 0 0
51JOB INC SP ADR REP COM 316827104 304,041 5,016,352 SH   SOLE   5,016,352 0 0
ABBOTT LABS COM 002824100 126,981 2,379,711 SH   SOLE   2,379,711 0 0
ADOBE SYS INC COM 00724F101 13 90 SH   SOLE   90 0 0
AIR PRODS & CHEMS INC COM 009158106 48 320 SH   SOLE   320 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 117,398 679,742 SH   SOLE   679,742 0 0
ALLSTATE CORP COM 020002101 281 3,058 SH   SOLE   3,058 0 0
ALPHABET INC CAP STK CL A 02079K305 44 45 SH   SOLE   45 0 0
AMAZON COM INC COM 023135106 123,953 128,936 SH   SOLE   128,936 0 0
AMBEV SA SPONSORED ADR 02319V103 162,110 24,599,334 SH   SOLE   24,599,334 0 0
AMERISOURCEBERGEN CORP COM 03073E105 136,456 1,649,023 SH   SOLE   1,649,023 0 0
AMPHENOL CORP NEW CL A 032095101 59 700 SH   SOLE   700 0 0
ANTHEM INC COM 036752103 152 800 SH   SOLE   800 0 0
APPLE INC COM 037833100 191,023 1,239,443 SH   SOLE   1,239,443 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 92 540 SH   SOLE   540 0 0
AVERY DENNISON CORP COM 053611109 59 600 SH   SOLE   600 0 0
BAIDU INC SPON ADR REP A 056752108 893,743 3,608,313 SH   SOLE   3,608,313 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 254,161 28,493,326 SH   SOLE   28,493,326 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 264,404 23,884,704 SH   SOLE   23,884,704 0 0
BANCO MACRO SA SPON ADR B 05961W105 15,045 128,202 SH   SOLE   128,202 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 187,089 6,297,156 SH   SOLE   6,297,156 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 188,367 4,113,718 SH   SOLE   4,113,718 0 0
BORGWARNER INC COM 099724106 12 240 SH   SOLE   240 0 0
CANADIAN NATL RY CO COM 136375102 540,743 6,526,774 SH   SOLE   6,526,774 0 0
CERNER CORP COM 156782104 29 412 SH   SOLE   412 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 703,170 6,167,068 SH   SOLE   6,167,068 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 161,150 3,186,675 SH   SOLE   3,186,675 0 0
CHURCH & DWIGHT INC COM 171340102 52 1,080 SH   SOLE   1,080 0 0
CISCO SYS INC COM 17275R102 52 1,560 SH   SOLE   1,560 0 0
CNOOC LTD SPONSORED ADR 126132109 280,018 2,158,964 SH   SOLE   2,158,964 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 18,675 242,122 SH   SOLE   242,122 0 0
COGNEX CORP COM 192422103 137,479 1,246,631 SH   SOLE   1,246,631 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 143,816 1,982,584 SH   SOLE   1,982,584 0 0
COLGATE PALMOLIVE CO COM 194162103 178,620 2,451,887 SH   SOLE   2,451,887 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 153,063 6,466,540 SH   SOLE   6,466,540 0 0
COSTCO WHSL CORP NEW COM 22160K105 58 355 SH   SOLE   355 0 0
CREDICORP LTD COM G2519Y108 215,774 1,052,453 SH   SOLE   1,052,453 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 246,713 4,677,909 SH   SOLE   4,677,909 0 0
DEERE & CO COM 244199105 60 480 SH   SOLE   480 0 0
DISNEY WALT CO COM DISNEY 254687106 45 460 SH   SOLE   460 0 0
EBAY INC COM 278642103 140,395 3,650,404 SH   SOLE   3,650,404 0 0
ECOLAB INC COM 278865100 51 400 SH   SOLE   400 0 0
ECOPETROL S A SPONSORED ADS 279158109 9,959 1,049,430 SH   SOLE   1,049,430 0 0
ENCANA CORP COM 292505104 67 5,670 SH   SOLE   5,670 0 0
EPAM SYS INC COM 29414B104 13 150 SH   SOLE   150 0 0
EQUIFAX INC COM 294429105 8 80 SH   SOLE   80 0 0
EXXON MOBIL CORP COM 30231G102 129,267 1,576,814 SH   SOLE   1,576,814 0 0
F5 NETWORKS INC COM 315616102 2,470 20,486 SH   SOLE   20,486 0 0
FACEBOOK INC CL A 30303M102 218,112 1,276,477 SH   SOLE   1,276,477 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 229,917 2,201,011 SH   SOLE   2,201,011 0 0
FISERV INC COM 337738108 58 450 SH   SOLE   450 0 0
FLOWSERVE CORP COM 34354P105 23 530 SH   SOLE   530 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 96,335 1,008,431 SH   SOLE   1,008,431 0 0
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 191,173 3,910,266 SH   SOLE   3,910,266 0 0
GARTNER INC COM 366651107 56 450 SH   SOLE   450 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 346,118 15,811,707 SH   SOLE   15,811,707 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 245,376 1,285,904 SH   SOLE   1,285,904 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 12,170 236,120 SH   SOLE   236,120 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 57 5,630 SH   SOLE   5,630 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 488,927 19,818,674 SH   SOLE   19,818,674 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 324,040 3,362,462 SH   SOLE   3,362,462 0 0
HEALTHCARE SVCS GRP INC COM 421906108 12 220 SH   SOLE   220 0 0
HELMERICH & PAYNE INC COM 423452101 9 180 SH   SOLE   180 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 113,214 2,291,317 SH   SOLE   2,291,317 0 0
ICICI BK LTD ADR 45104G104 421,540 49,245,389 SH   SOLE   49,245,389 0 0
IDEXX LABS INC COM 45168D104 11 70 SH   SOLE   70 0 0
ILLINOIS TOOL WKS INC COM 452308109 118 800 SH   SOLE   800 0 0
INFOSYS LTD SPONSORED ADR 456788108 106 7,250 SH   SOLE   7,250 0 0
IPG PHOTONICS CORP COM 44980X109 168,968 913,041 SH   SOLE   913,041 0 0
ISHARES TR MSCI INDIA ETF 46429B598 20,568 626,105 SH   SOLE   626,105 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 902,105 65,847,100 SH   SOLE   65,847,100 0 0
JD COM INC SPON ADR CL A 47215P106 242,079 6,337,134 SH   SOLE   6,337,134 0 0
JOHNSON & JOHNSON COM 478160104 158 1,214 SH   SOLE   1,214 0 0
JPMORGAN CHASE & CO COM 46625H100 54 570 SH   SOLE   570 0 0
LAUDER ESTEE COS INC CL A 518439104 66 610 SH   SOLE   610 0 0
LULULEMON ATHLETICA INC COM 550021109 18 290 SH   SOLE   290 0 0
MASTERCARD INCORPORATED CL A 57636Q104 196,653 1,392,729 SH   SOLE   1,392,729 0 0
MCDONALDS CORP COM 580135101 61 390 SH   SOLE   390 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 19 30 SH   SOLE   30 0 0
MICROSOFT CORP COM 594918104 105,130 1,411,341 SH   SOLE   1,411,341 0 0
MONSANTO CO NEW COM 61166W101 113,252 945,189 SH   SOLE   945,189 0 0
NETEASE INC SPONSORED ADR 64110W102 59,886 227,006 SH   SOLE   227,006 0 0
NIKE INC CL B 654106103 394,955 7,617,271 SH   SOLE   7,617,271 0 0
NOBLE ENERGY INC COM 655044105 45 1,600 SH   SOLE   1,600 0 0
NOVARTIS A G SPONSORED ADR 66987V109 150 1,750 SH   SOLE   1,750 0 0
PAYPAL HLDGS INC COM 70450Y103 386,350 6,033,897 SH   SOLE   6,033,897 0 0
PRAXAIR INC COM 74005P104 1,886 13,491 SH   SOLE   13,491 0 0
PRICE T ROWE GROUP INC COM 74144T108 57 630 SH   SOLE   630 0 0
PRICELINE GRP INC COM NEW 741503403 352,907 192,759 SH   SOLE   192,759 0 0
PRICESMART INC COM 741511109 5,279 59,152 SH   SOLE   59,152 0 0
PROCTER AND GAMBLE CO COM 742718109 124 1,360 SH   SOLE   1,360 0 0
PRUDENTIAL FINL INC COM 744320102 49 460 SH   SOLE   460 0 0
RED HAT INC COM 756577102 13 120 SH   SOLE   120 0 0
REGENERON PHARMACEUTICALS COM 75886F107 289,635 647,777 SH   SOLE   647,777 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 53 380 SH   SOLE   380 0 0
ROCKWELL AUTOMATION INC COM 773903109 30 170 SH   SOLE   170 0 0
ROLLINS INC COM 775711104 30 650 SH   SOLE   650 0 0
ROPER TECHNOLOGIES INC COM 776696106 363,076 1,491,684 SH   SOLE   1,491,684 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 270,388 4,323,442 SH   SOLE   4,323,442 0 0
SALESFORCE COM INC COM 79466L302 12 130 SH   SOLE   130 0 0
SAP SE SPON ADR 803054204 664,665 6,061,692 SH   SOLE   6,061,692 0 0
SASOL LTD SPONSORED ADR 803866300 70,335 2,554,853 SH   SOLE   2,554,853 0 0
SCHEIN HENRY INC COM 806407102 51 620 SH   SOLE   620 0 0
SCHLUMBERGER LTD COM 806857108 697,987 10,005,557 SH   SOLE   10,005,557 0 0
SHIRE PLC SPONSORED ADR 82481R106 146,932 959,461 SH   SOLE   959,461 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 95,919 749,134 SH   SOLE   749,134 0 0
STARBUCKS CORP COM 855244109 129,417 2,409,558 SH   SOLE   2,409,558 0 0
SVB FINL GROUP COM 78486Q101 287,896 1,538,806 SH   SOLE   1,538,806 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 682,927 18,187,158 SH   SOLE   18,187,158 0 0
TENARIS S A SPONSORED ADR 88031M109 422,902 14,938,263 SH   SOLE   14,938,263 0 0
TEXAS INSTRS INC COM 882508104 35 390 SH   SOLE   390 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 11 60 SH   SOLE   60 0 0
TJX COS INC NEW COM 872540109 60 820 SH   SOLE   820 0 0
TRANSOCEAN LTD REG SHS H8817H100 2 218 SH   SOLE   218 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 62 2,620 SH   SOLE   2,620 0 0
UNILEVER PLC SPON ADR NEW 904767704 158,097 2,727,686 SH   SOLE   2,727,686 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 361 6,857 SH   SOLE   6,857 0 0
VERISK ANALYTICS INC COM 92345Y106 246,036 2,957,525 SH   SOLE   2,957,525 0 0
VISA INC COM CL A 92826C839 27 260 SH   SOLE   260 0 0
WABCO HLDGS INC COM 92927K102 142,265 961,250 SH   SOLE   961,250 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 117,054 1,515,845 SH   SOLE   1,515,845 0 0
WATERS CORP COM 941848103 160,151 892,107 SH   SOLE   892,107 0 0
WEIBO CORP SPONSORED ADR 948596101 566,438 5,725,066 SH   SOLE   5,725,066 0 0
WORKDAY INC CL A 98138H101 15 140 SH   SOLE   140 0 0
WPP PLC NEW ADR 92937A102 152,274 1,640,882 SH   SOLE   1,640,882 0 0
YANDEX N V SHS CLASS A N97284108 125,820 3,818,512 SH   SOLE   3,818,512 0 0
ZOETIS INC CL A 98978V103 24 380 SH   SOLE   380 0 0