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 147,879 981,830 SH   SOLE 981,830 0 0
51JOB INC SP ADR REP COM 316827104 89,882 3,050,972 SH   SOLE 3,050,972 0 0
ABBOTT LABS COM 002824100 120,765 2,689,775 SH   SOLE 2,689,775 0 0
ABBVIE INC COM 00287Y109 133,971 2,261,502 SH   SOLE 2,261,502 0 0
ACE LTD SHS H0023R105 0 1 SH   SOLE 1 0 0
ALLSTATE CORP COM 020002101 190 3,058 SH   SOLE 3,058 0 0
ALPHABET INC CAP STK CL A 02079K305 352,557 453,239 SH   SOLE 453,239 0 0
AMAZON COM INC COM 023135106 238,231 352,596 SH   SOLE 352,596 0 0
AMBEV SA SPONSORED ADR 02319V103 73,802 16,547,521 SH   SOLE 16,547,521 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 53,595 3,812,230 SH   SOLE 3,812,230 0 0
AMERICAN EXPRESS CO COM 025816109 171,636 2,468,288 SH   SOLE 2,468,288 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 271,425 2,181,715 SH   SOLE 2,181,715 0 0
ANTHEM INC COM 036752103 112 800 SH   SOLE 800 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 238,474 5,304,093 SH   SOLE 5,304,093 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 61 690 SH   SOLE 690 0 0
AVERY DENNISON CORP COM 053611109 38 600 SH   SOLE 600 0 0
BAIDU INC SPON ADR REP A 056752108 703,536 3,733,664 SH   SOLE 3,733,664 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 57,090 7,848,833 SH   SOLE 7,848,833 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 90,055 18,722,496 SH   SOLE 18,722,496 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 80,863 4,584,047 SH   SOLE 4,584,047 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 68,873 2,574,684 SH   SOLE 2,574,684 0 0
BROWN FORMAN CORP CL B 115637209 0 2 SH   SOLE 2 0 0
BUNGE LIMITED COM G16962105 282,338 4,153,869 SH   SOLE 4,153,869 0 0
CANADIAN NATL RY CO COM 136375102 269,125 4,835,724 SH   SOLE 4,835,724 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 189,798 3,369,395 SH   SOLE 3,369,395 0 0
CNOOC LTD SPONSORED ADR 126132109 97,771 936,686 SH   SOLE 936,686 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 21,669 306,010 SH   SOLE 306,010 0 0
COGNEX CORP COM 192422103 104,243 3,087,132 SH   SOLE 3,087,132 0 0
COLGATE PALMOLIVE CO COM 194162103 185,002 2,777,514 SH   SOLE 2,777,514 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 83,875 7,972,935 SH   SOLE 7,972,935 0 0
COOPER COS INC COM NEW 216648402 0 1 SH   SOLE 1 0 0
COPA HOLDINGS SA CL A P31076105 1,626 33,695 SH   SOLE 33,695 0 0
CORE LABORATORIES N V COM N22717107 0 1 SH   SOLE 1 0 0
COSTCO WHSL CORP NEW COM 22160K105 0 1 SH   SOLE 1 0 0
CREDICORP LTD COM G2519Y108 105,689 1,085,995 SH   SOLE 1,085,995 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 0 1 SH   SOLE 1 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 316,967 6,841,976 SH   SOLE 6,841,976 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 201,818 2,895,381 SH   SOLE 2,895,381 0 0
ECOPETROL S A SPONSORED ADS 279158109 3,952 563,734 SH   SOLE 563,734 0 0
ENCANA CORP COM 292505104 14 2,780 SH   SOLE 2,780 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 0 2 SH   SOLE 2 0 0
EXXON MOBIL CORP COM 30231G102 137,983 1,770,202 SH   SOLE 1,770,202 0 0
F5 NETWORKS INC COM 315616102 186,613 1,924,640 SH   SOLE 1,924,640 0 0
FACEBOOK INC CL A 30303M102 150,967 1,442,657 SH   SOLE 1,442,657 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 250,977 3,799,859 SH   SOLE 3,799,859 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 50,115 542,667 SH   SOLE 542,667 0 0
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 94,188 2,267,696 SH   SOLE 2,267,696 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 135,639 5,069,011 SH   SOLE 5,069,011 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 131,136 932,222 SH   SOLE 932,222 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 151,637 5,572,855 SH   SOLE 5,572,855 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 63 1,590 SH   SOLE 1,590 0 0
ICICI BK LTD ADR 45104G104 477,881 61,205,504 SH   SOLE 61,205,504 0 0
ILLINOIS TOOL WKS INC COM 452308109 74 800 SH   SOLE 800 0 0
IMPERIAL OIL LTD COM NEW 453038408 121,246 3,737,244 SH   SOLE 3,737,244 0 0
IMS HEALTH HLDGS INC COM 44970B109 200,623 7,878,349 SH   SOLE 7,878,349 0 0
IPG PHOTONICS CORP COM 44980X109 150,668 1,690,243 SH   SOLE 1,690,243 0 0
ISHARES MSCI JAPAN ETF 464286848 885 73,000 SH   SOLE 73,000 0 0
ISHARES MSCI TURKEY ETF 464286715 122 3,360 SH   SOLE 3,360 0 0
ISHARES TR GLOB TELECOM ETF 464287275 278 4,800 SH   SOLE 4,800 0 0
ISHARES TR GLOBAL ENERG ETF 464287341 590 21,070 SH   SOLE 21,070 0 0
ISHARES TR MSCI ACWI ETF 464288257 2,514 45,844 SH   SOLE 45,844 0 0
ISHARES TR MSCI ACWI EX US 464288240 3,161 81,368 SH   SOLE 81,368 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 2,424 75,290 SH   SOLE 75,290 0 0
ISHARES TR MSCI INDIA ETF 46429B598 4,674 169,700 SH   SOLE 169,700 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 381,255 58,850,008 SH   SOLE 58,850,008 0 0
JD COM INC SPON ADR CL A 47215P106 16 490 SH   SOLE 490 0 0
JOHNSON & JOHNSON COM 478160104 82 800 SH   SOLE 800 0 0
LULULEMON ATHLETICA INC COM 550021109 65 1,240 SH   SOLE 1,240 0 0
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 1,354 20,877 SH   SOLE 20,877 0 0
MASTERCARD INC CL A 57636Q104 228,138 2,343,643 SH   SOLE 2,343,643 0 0
MERCADOLIBRE INC COM 58733R102 0 2 SH   SOLE 2 0 0
MICROSOFT CORP COM 594918104 142,819 2,574,474 SH   SOLE 2,574,474 0 0
MONSANTO CO NEW COM 61166W101 108,160 1,097,901 SH   SOLE 1,097,901 0 0
NIKE INC CL B 654106103 431,670 6,907,493 SH   SOLE 6,907,493 0 0
NOBLE ENERGY INC COM 655044105 53 1,600 SH   SOLE 1,600 0 0
NOVARTIS A G SPONSORED ADR 66987V109 62 720 SH   SOLE 720 0 0
NOVO-NORDISK A S ADR 670100205 103,272 1,791,651 SH   SOLE 1,791,651 0 0
PAYPAL HLDGS INC COM 70450Y103 176,042 4,864,247 SH   SOLE 4,864,247 0 0
PRAXAIR INC COM 74005P104 0 1 SH   SOLE 1 0 0
PRICELINE GRP INC COM NEW 741503403 275,098 215,802 SH   SOLE 215,802 0 0
PRICESMART INC COM 741511109 8,653 104,270 SH   SOLE 104,270 0 0
PROCTER & GAMBLE CO COM 742718109 64 800 SH   SOLE 800 0 0
QUINTILES TRANSNATIO HLDGS I COM 74876Y101 0 2 SH   SOLE 2 0 0
RED HAT INC COM 756577102 123,777 1,494,835 SH   SOLE 1,494,835 0 0
ROPER TECHNOLOGIES INC COM 776696106 320,865 1,690,811 SH   SOLE 1,690,811 0 0
SALESFORCE COM INC COM 79466L302 131,637 1,679,262 SH   SOLE 1,679,262 0 0
SAP SE SPON ADR 803054204 353,856 4,503,879 SH   SOLE 4,503,879 0 0
SASOL LTD SPONSORED ADR 803866300 52,970 1,969,553 SH   SOLE 1,969,553 0 0
SCHLUMBERGER LTD COM 806857108 618,853 8,880,096 SH   SOLE 8,880,096 0 0
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 0 4 SH   SOLE 4 0 0
SHIRE PLC SPONSORED ADR 82481R106 2,450 12,207 SH   SOLE 12,207 0 0
SPDR INDEX SHS FDS INTL ENRGY ETF 78463X715 35 2,290 SH   SOLE 2,290 0 0
STARBUCKS CORP COM 855244109 0 3 SH   SOLE 3 0 0
STERIS PLC SHS USD G84720104 1,621 21,513 SH   SOLE 21,513 0 0
SVB FINL GROUP COM 78486Q101 219,824 1,849,043 SH   SOLE 1,849,043 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 348,765 15,491,483 SH   SOLE 15,491,483 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 0 6 SH   SOLE 6 0 0
TENARIS S A SPONSORED ADR 88031M109 182,472 7,666,982 SH   SOLE 7,666,982 0 0
TRANSOCEAN LTD REG SHS H8817H100 3 218 SH   SOLE 218 0 0
TRIMBLE NAVIGATION LTD COM 896239100 78,629 3,665,540 SH   SOLE 3,665,540 0 0
TRIPADVISOR INC COM 896945201 0 2 SH   SOLE 2 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 14 950 SH   SOLE 950 0 0
UNILEVER PLC SPON ADR NEW 904767704 90,580 2,125,888 SH   SOLE 2,125,888 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 49,414 1,158,060 SH   SOLE 1,158,060 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 4,746 51,100 SH   SOLE 51,100 0 0
VERISK ANALYTICS INC COM 92345Y106 257,584 3,350,896 SH   SOLE 3,350,896 0 0
WATERS CORP COM 941848103 136,239 1,012,529 SH   SOLE 1,012,529 0 0
WELLS FARGO & CO NEW COM 949746101 217,469 4,001,175 SH   SOLE 4,001,175 0 0
WORKDAY INC CL A 98138H101 0 1 SH   SOLE 1 0 0
WPP PLC NEW ADR 92937A102 196,690 1,732,619 SH   SOLE 1,732,619 0 0
YANDEX N V SHS CLASS A N97284108 93,118 5,924,875 SH   SOLE 5,924,875 0 0