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 126,708 608,618 SH   SOLE   608,618 0 0
51JOB INC SP ADR REP COM 316827104 219,308 4,902,938 SH   SOLE   4,902,938 0 0
ABBOTT LABS COM 002824100 116,886 2,404,557 SH   SOLE   2,404,557 0 0
ADOBE SYS INC COM 00724F101 13 90 SH   SOLE   90 0 0
AIR PRODS & CHEMS INC COM 009158106 46 320 SH   SOLE   320 0 0
ALLSTATE CORP COM 020002101 270 3,058 SH   SOLE   3,058 0 0
ALPHABET INC CAP STK CL A 02079K305 480,398 516,734 SH   SOLE   516,734 0 0
AMAZON COM INC COM 023135106 126,194 130,365 SH   SOLE   130,365 0 0
AMBEV SA SPONSORED ADR 02319V103 133,537 24,323,634 SH   SOLE   24,323,634 0 0
AMERISOURCEBERGEN CORP COM 03073E105 157,868 1,670,033 SH   SOLE   1,670,033 0 0
AMPHENOL CORP NEW CL A 032095101 52 700 SH   SOLE   700 0 0
ANTHEM INC COM 036752103 151 800 SH   SOLE   800 0 0
APPLE INC COM 037833100 60 420 SH   SOLE   420 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 70 540 SH   SOLE   540 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 50 490 SH   SOLE   490 0 0
AVERY DENNISON CORP COM 053611109 53 600 SH   SOLE   600 0 0
BAIDU INC SPON ADR REP A 056752108 703,379 3,932,568 SH   SOLE   3,932,568 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 229,227 27,419,425 SH   SOLE   27,419,425 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 200,520 23,590,604 SH   SOLE   23,590,604 0 0
BANCO MACRO SA SPON ADR B 05961W105 12,071 130,932 SH   SOLE   130,932 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 158,261 6,228,306 SH   SOLE   6,228,306 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 181,177 4,066,818 SH   SOLE   4,066,818 0 0
BORGWARNER INC COM 099724106 10 240 SH   SOLE   240 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 43 780 SH   SOLE   780 0 0
CANADIAN NATL RY CO COM 136375102 499,203 6,159,203 SH   SOLE   6,159,203 0 0
CERNER CORP COM 156782104 41 610 SH   SOLE   610 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 638,783 5,856,093 SH   SOLE   5,856,093 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 170,126 3,204,475 SH   SOLE   3,204,475 0 0
CHURCH & DWIGHT INC COM 171340102 56 1,080 SH   SOLE   1,080 0 0
CISCO SYS INC COM 17275R102 49 1,560 SH   SOLE   1,560 0 0
CNOOC LTD SPONSORED ADR 126132109 240,097 2,194,472 SH   SOLE   2,194,472 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 20,500 242,122 SH   SOLE   242,122 0 0
COGNEX CORP COM 192422103 160,357 1,888,772 SH   SOLE   1,888,772 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 11 170 SH   SOLE   170 0 0
COLGATE PALMOLIVE CO COM 194162103 183,107 2,470,077 SH   SOLE   2,470,077 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 125,485 6,418,690 SH   SOLE   6,418,690 0 0
CREDICORP LTD COM G2519Y108 185,625 1,034,758 SH   SOLE   1,034,758 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 353,104 6,555,970 SH   SOLE   6,555,970 0 0
DEERE & CO COM 244199105 59 480 SH   SOLE   480 0 0
DISNEY WALT CO COM DISNEY 254687106 49 460 SH   SOLE   460 0 0
EBAY INC COM 278642103 128,878 3,690,658 SH   SOLE   3,690,658 0 0
ECOLAB INC COM 278865100 53 400 SH   SOLE   400 0 0
ECOPETROL S A SPONSORED ADS 279158109 9,672 1,064,010 SH   SOLE   1,064,010 0 0
ENCANA CORP COM 292505104 50 5,670 SH   SOLE   5,670 0 0
EPAM SYS INC COM 29414B104 13 150 SH   SOLE   150 0 0
EQUIFAX INC COM 294429105 11 80 SH   SOLE   80 0 0
EXXON MOBIL CORP COM 30231G102 128,796 1,595,389 SH   SOLE   1,595,389 0 0
F5 NETWORKS INC COM 315616102 237,741 1,871,094 SH   SOLE   1,871,094 0 0
FACEBOOK INC CL A 30303M102 195,053 1,291,907 SH   SOLE   1,291,907 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 222,608 2,223,858 SH   SOLE   2,223,858 0 0
FISERV INC COM 337738108 55 450 SH   SOLE   450 0 0
FLOWSERVE CORP COM 34354P105 25 530 SH   SOLE   530 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 98,325 999,846 SH   SOLE   999,846 0 0
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 181,149 3,748,173 SH   SOLE   3,748,173 0 0
GARTNER INC COM 366651107 56 450 SH   SOLE   450 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 327,722 15,509,781 SH   SOLE   15,509,781 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 261,696 1,243,804 SH   SOLE   1,243,804 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 5,814 136,360 SH   SOLE   136,360 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 54 5,630 SH   SOLE   5,630 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 471,535 19,348,979 SH   SOLE   19,348,979 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 12 180 SH   SOLE   180 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 305,091 3,508,003 SH   SOLE   3,508,003 0 0
HELMERICH & PAYNE INC COM 423452101 10 180 SH   SOLE   180 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 101,503 2,188,042 SH   SOLE   2,188,042 0 0
ICICI BK LTD ADR 45104G104 447,668 49,907,254 SH   SOLE   49,907,254 0 0
IDEXX LABS INC COM 45168D104 11 70 SH   SOLE   70 0 0
ILLINOIS TOOL WKS INC COM 452308109 115 800 SH   SOLE   800 0 0
INFOSYS LTD SPONSORED ADR 456788108 85 5,640 SH   SOLE   5,640 0 0
IPG PHOTONICS CORP COM 44980X109 219,687 1,514,041 SH   SOLE   1,514,041 0 0
ISHARES TR MSCI INDIA ETF 46429B598 20,669 643,905 SH   SOLE   643,905 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 656,229 59,387,290 SH   SOLE   59,387,290 0 0
JD COM INC SPON ADR CL A 47215P106 252,072 6,427,134 SH   SOLE   6,427,134 0 0
JOHNSON & JOHNSON COM 478160104 106 800 SH   SOLE   800 0 0
JPMORGAN CHASE & CO COM 46625H100 52 570 SH   SOLE   570 0 0
LAUDER ESTEE COS INC CL A 518439104 59 610 SH   SOLE   610 0 0
LULULEMON ATHLETICA INC COM 550021109 17 290 SH   SOLE   290 0 0
MASTERCARD INCORPORATED CL A 57636Q104 154,675 1,273,572 SH   SOLE   1,273,572 0 0
MCDONALDS CORP COM 580135101 60 390 SH   SOLE   390 0 0
MERCADOLIBRE INC COM 58733R102 140,479 559,944 SH   SOLE   559,944 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 18 30 SH   SOLE   30 0 0
MICROSOFT CORP COM 594918104 98,680 1,431,608 SH   SOLE   1,431,608 0 0
MONSANTO CO NEW COM 61166W101 113,138 955,881 SH   SOLE   955,881 0 0
NETEASE INC SPONSORED ADR 64110W102 62,713 208,606 SH   SOLE   208,606 0 0
NIKE INC CL B 654106103 363,645 6,163,482 SH   SOLE   6,163,482 0 0
NOBLE ENERGY INC COM 655044105 45 1,600 SH   SOLE   1,600 0 0
NOVARTIS A G SPONSORED ADR 66987V109 146 1,750 SH   SOLE   1,750 0 0
PAYPAL HLDGS INC COM 70450Y103 327,391 6,100,072 SH   SOLE   6,100,072 0 0
PRICE T ROWE GROUP INC COM 74144T108 47 630 SH   SOLE   630 0 0
PRICELINE GRP INC COM NEW 741503403 364,931 195,096 SH   SOLE   195,096 0 0
PRICESMART INC COM 741511109 6,346 72,448 SH   SOLE   72,448 0 0
PROCTER AND GAMBLE CO COM 742718109 119 1,360 SH   SOLE   1,360 0 0
PRUDENTIAL FINL INC COM 744320102 50 460 SH   SOLE   460 0 0
RED HAT INC COM 756577102 11 120 SH   SOLE   120 0 0
REGENERON PHARMACEUTICALS COM 75886F107 261,081 531,582 SH   SOLE   531,582 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 49 380 SH   SOLE   380 0 0
ROLLINS INC COM 775711104 26 650 SH   SOLE   650 0 0
ROPER TECHNOLOGIES INC COM 776696106 348,400 1,504,773 SH   SOLE   1,504,773 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 225,689 4,146,399 SH   SOLE   4,146,399 0 0
SALESFORCE COM INC COM 79466L302 11 130 SH   SOLE   130 0 0
SAP SE SPON ADR 803054204 597,911 5,712,345 SH   SOLE   5,712,345 0 0
SASOL LTD SPONSORED ADR 803866300 69,056 2,470,715 SH   SOLE   2,470,715 0 0
SCHEIN HENRY INC COM 806407102 57 310 SH   SOLE   310 0 0
SCHLUMBERGER LTD COM 806857108 636,546 9,668,080 SH   SOLE   9,668,080 0 0
SHIRE PLC SPONSORED ADR 82481R106 110,970 671,445 SH   SOLE   671,445 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 108,701 757,344 SH   SOLE   757,344 0 0
SVB FINL GROUP COM 78486Q101 274,058 1,559,012 SH   SOLE   1,559,012 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 603,060 17,250,016 SH   SOLE   17,250,016 0 0
TENARIS S A SPONSORED ADR 88031M109 454,604 14,598,727 SH   SOLE   14,598,727 0 0
TEXAS INSTRS INC COM 882508104 30 390 SH   SOLE   390 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 10 60 SH   SOLE   60 0 0
TJX COS INC NEW COM 872540109 32 450 SH   SOLE   450 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 141,258 2,610,078 SH   SOLE   2,610,078 0 0
VERISK ANALYTICS INC COM 92345Y106 252,452 2,992,203 SH   SOLE   2,992,203 0 0
VISA INC COM CL A 92826C839 24 260 SH   SOLE   260 0 0
WABCO HLDGS INC COM 92927K102 124,066 972,988 SH   SOLE   972,988 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 120,208 1,535,028 SH   SOLE   1,535,028 0 0
WATERS CORP COM 941848103 165,699 901,326 SH   SOLE   901,326 0 0
WEIBO CORP SPONSORED ADR 948596101 233,037 3,505,901 SH   SOLE   3,505,901 0 0
WORKDAY INC CL A 98138H101 14 140 SH   SOLE   140 0 0
WPP PLC NEW ADR 92937A102 168,745 1,600,844 SH   SOLE   1,600,844 0 0
YANDEX N V SHS CLASS A N97284108 101,671 3,874,658 SH   SOLE   3,874,658 0 0
ZOETIS INC CL A 98978V103 24 380 SH   SOLE   380 0 0