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

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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
ACTIVISION BLIZZARD INC COM 00507V109 8,345 144,949 SH   SOLE   144,949 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 125,521 890,852 SH   SOLE   890,852 0 230,125
ALPHABET INC CAP STK CL C 02079K107 73,461 80,839 SH   SOLE   80,839 0 0
ALPHABET INC CAP STK CL A 02079K305 6,485 6,975 SH   SOLE   6,975 0 0
AMAZON COM INC COM 023135106 6,300 6,508 SH   SOLE   6,508 0 0
AON PLC SHS CL A G0408V102 13,813 103,895 SH   SOLE   103,895 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 29,511 662,427 SH   SOLE   471,903 0 190,524
BANK AMER CORP COM 060505104 36,046 1,485,802 SH   SOLE   1,485,802 0 0
BECTON DICKINSON & CO COM 075887109 8,961 45,927 SH   SOLE   45,927 0 0
BOSTON SCIENTIFIC CORP COM 101137107 4,189 151,132 SH   SOLE   151,132 0 0
CELGENE CORP COM 151020104 21,042 162,026 SH   SOLE   162,026 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 49,773 147,760 SH   SOLE   147,760 0 0
CIGNA CORPORATION COM 125509109 6,420 38,351 SH   SOLE   38,351 0 0
COMCAST CORP NEW CL A 20030N101 208 5,334 SH   SOLE   5,334 0 0
CREDICORP LTD COM G2519Y108 31,057 173,127 SH   SOLE   123,309 0 49,818
ENEL AMERICAS S A SPONSORED ADR 29274F104 28,574 3,030,169 SH   SOLE   2,319,278 0 710,891
FACEBOOK INC CL A 30303M102 87,739 581,129 SH   SOLE   581,129 0 0
GENERAL ELECTRIC CO COM 369604103 5,273 195,225 SH   SOLE   195,225 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 7,929 35,733 SH   SOLE   35,733 0 0
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 2,252 20,051 SH   SOLE   20,051 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 2,121 10,083 SH   SOLE   10,083 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 24,462 573,678 SH   SOLE   407,140 0 166,538
HDFC BANK LTD ADR REPS 3 SHS 40415F101 67,476 775,858 SH   SOLE   775,858 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 35,416 537,262 SH   SOLE   537,262 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 22,764 2,060,081 SH   SOLE   479,215 0 1,580,866
JD COM INC SPON ADR CL A 47215P106 85,822 2,188,232 SH   SOLE   1,698,314 0 489,918
JOHNSON & JOHNSON COM 478160104 36,978 279,526 SH   SOLE   279,526 0 0
JPMORGAN CHASE & CO COM 46625H100 2,148 23,499 SH   SOLE   23,499 0 0
LAM RESEARCH CORP COM 512807108 87,726 620,280 SH   SOLE   532,764 0 87,516
MASTERCARD INCORPORATED CL A 57636Q104 36,641 301,695 SH   SOLE   301,695 0 0
MEDTRONIC PLC SHS G5960L103 4,392 49,488 SH   SOLE   49,488 0 0
MERCADOLIBRE INC COM 58733R102 48,329 192,638 SH   SOLE   136,621 0 56,017
MERCK & CO INC COM 58933Y105 2,699 42,108 SH   SOLE   42,108 0 0
MICRON TECHNOLOGY INC COM 595112103 6,612 221,428 SH   SOLE   221,428 0 0
MICROSOFT CORP COM 594918104 522 7,570 SH   SOLE   7,570 0 0
NOVARTIS A G SPONSORED ADR 66987V109 367 4,400 SH   SOLE   4,400 0 0
NOVO-NORDISK A S ADR 670100205 437 10,200 SH   SOLE   10,200 0 0
NVIDIA CORP COM 67066G104 56,869 393,394 SH   SOLE   315,674 0 77,720
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 22,407 380,745 SH   SOLE   276,108 0 104,637
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 2,550 75,730 SH   SOLE   75,730 0 0
RIO TINTO PLC SPONSORED ADR 767204100 13,127 310,254 SH   SOLE   310,254 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 288 5,414 SH   SOLE   5,414 0 0
SAP SE SPON ADR 803054204 24,893 237,828 SH   SOLE   237,828 0 0
SCHLUMBERGER LTD COM 806857108 4,313 65,508 SH   SOLE   65,508 0 0
SCHWAB CHARLES CORP NEW COM 808513105 31,576 735,019 SH   SOLE   735,019 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 3,690 84,839 SH   SOLE   84,839 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 48,943 1,399,977 SH   SOLE   1,267,136 0 132,841
UNITEDHEALTH GROUP INC COM 91324P102 69,914 377,056 SH   SOLE   377,056 0 0
VISA INC COM CL A 92826C839 32,445 345,967 SH   SOLE   345,967 0 0
YANDEX N V SHS CLASS A N97284108 29,996 1,143,124 SH   SOLE   814,582 0 328,542