ABBOTT LABS COM 002824100 117 2855 SH SOLE 0 2855 0 0 ABBVIE INC COM 00287Y109 301 5332 SH SOLE 0 5332 0 0 ALLERGAN INC COM 018490102 241 1420 SH SOLE 0 1420 0 0 AMBEV SA SPONSORED ADR 02319V103 5585 793866 SH SOLE 0 793866 0 0 AMBEV SA SPONSORED ADR 02319V103 3727 529735 SH DFND 1 529735 0 0 AMGEN INC COM 031162100 126 1065 SH SOLE 0 1065 0 0 AVIANCA HLDGS SA SPON ADR REP PFD 05367G100 741 46097 SH SOLE 0 46097 0 0 AVIANCA HLDGS SA SPON ADR REP PFD 05367G100 874 54435 SH DFND 1 54435 0 0 BAIDU INC SPON ADR REP A 056752108 22439 119862 SH SOLE 0 119862 0 0 BECTON DICKINSON & CO COM 075887109 124 1050 SH SOLE 0 1050 0 0 BIOGEN IDEC INC COM 09062X103 74 236 SH SOLE 0 236 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 41 664 SH SOLE 0 664 0 0 BOSTON SCIENTIFIC CORP COM 101137107 77 6060 SH SOLE 0 6060 0 0 BANCO BRADESCO S A SP ADR PFD NEW 059460303 3793 261309 SH SOLE 0 261309 0 0 BANCO BRADESCO S A SP ADR PFD NEW 059460303 2570 177080 SH DFND 1 177080 0 0 BRF SA SPONSORED ADR 10552T107 2683 110616 SH SOLE 0 110616 0 0 BRF SA SPONSORED ADR 10552T107 1904 78498 SH DFND 1 78498 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 214 4427 SH SOLE 0 4427 0 0 CELGENE CORP COM 151020104 60 696 SH SOLE 0 696 0 0 COPA HOLDINGS SA CL A P31076105 1542 10829 SH SOLE 0 10829 0 0 COPA HOLDINGS SA CL A P31076105 1801 12650 SH DFND 1 12650 0 0 COSAN LTD SHS A G25343107 603 44520 SH SOLE 0 44520 0 0 COVANCE INC COM 222816100 41 482 SH SOLE 0 482 0 0 CREDICORP LTD COM G2519Y108 2198 14156 SH SOLE 0 14156 0 0 CREDICORP LTD COM G2519Y108 2580 16617 SH DFND 1 16617 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 43 612 SH SOLE 0 612 0 0 FOMENTO ECONOMICO MEXICAN S SPON ADR UNITS 344419106 3185 33989 SH SOLE 0 33989 0 0 FOMENTO ECONOMICO MEXICAN S SPON ADR UNITS 344419106 3191 34054 SH DFND 1 34054 0 0 FOREST LABS INC COM 345838106 167 1685 SH SOLE 0 1685 0 0 GENOMIC HEALTH INC COM 37244C101 41 1486 SH SOLE 0 1486 0 0 GILEAD SCIENCES INC COM 375558103 242 2910 SH SOLE 0 2910 0 0 GRANA Y MONTERO S A A SPONSORED ADR 38500P208 1475 81759 SH SOLE 0 81759 0 0 GRANA Y MONTERO S A A SPONSORED ADR 38500P208 1454 80631 SH DFND 1 80631 0 0 GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 2460 71820 SH SOLE 0 71820 0 0 GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 2849 83184 SH DFND 1 83184 0 0 ILLUMINA INC COM 452327109 121 682 SH SOLE 0 682 0 0 IMPAX LABORATORIES INC COM 45256B101 86 2865 SH SOLE 0 2865 0 0 INCYTE CORP COM 45337C102 43 769 SH SOLE 0 769 0 0 INSULET CORP COM 45784P101 193 4868 SH SOLE 0 4868 0 0 ITAU UNBANCO HLDG SA SPON ADR REP PFD 465562106 14807 1030775 SH SOLE 0 1030775 0 0 ITAU UNBANCO HLDG SA SPON ADR REP PFD 465562106 5096 354770 SH DFND 1 354770 0 0 JD COM INC SPON ADR CL A 47215P106 4133 145141 SH SOLE 0 145141 0 0 JOHNSON & JOHNSON COM 478160104 657 6279 SH SOLE 0 6279 0 0 MEDICINES CO COM 584688105 28 970 SH SOLE 0 970 0 0 MEDIVATION INC COM 58501N101 176 2294 SH SOLE 0 2294 0 0 MEDTRONIC INC COM 585055106 173 2718 SH SOLE 0 2718 0 0 MERCK & CO INC COM 58933Y105 384 6649 SH SOLE 0 6649 0 0 MYLAN INC COM 628530107 209 4080 SH SOLE 0 4080 0 0 NANOSTRING TECHNOLOGIES INC COM 63009R109 61 4081 SH SOLE 0 4081 0 0 NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 6002 226974 SH SOLE 0 226974 0 0 NPS PHARMACEUTICALS INC COM 62936P103 62 1876 SH SOLE 0 1876 0 0 OREXIGEN THERAPEUTICS INC COM 686164104 217 35200 SH SOLE 0 35200 0 0 PETRO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 598 40833 SH SOLE 0 40833 0 0 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 5720 366092 SH SOLE 0 366092 0 0 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 4831 309215 SH DFND 1 309215 0 0 PFIZER INC COM 717081103 550 18533 SH SOLE 0 18533 0 0 PHARMACYCLICS INC COM 716933106 84 937 SH SOLE 0 937 0 0 QUINTILES TRANSNATIO HLDGS I COM 74876Y101 52 973 SH SOLE 0 973 0 0 REGENERON PHARMACEUTICALS COM 75886F107 30 105 SH SOLE 0 105 0 0 SALIX PHARMACEUTICALS INC COM 795435106 84 681 SH SOLE 0 681 0 0 SANOFI SPONSORED ADR 80105N105 143 2700 SH SOLE 0 2700 0 0 STRYKER CORP COM 863667101 41 482 SH SOLE 0 482 0 0 TAL ED GROUP ADS REPSTG COM 874080104 3645 132505 SH SOLE 0 132505 0 0 THERAVANCE BIOPHARMA INC COM G8807B106 135 4340 SH SOLE 0 4340 0 0 THERAVANCE INC COM 88338T104 135 4532 SH SOLE 0 4532 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 191 1622 SH SOLE 0 1622 0 0 ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 2116 89622 SH SOLE 0 89622 0 0 VALE S A ADR 91912E105 3337 252167 SH SOLE 0 252167 0 0 VALE S A ADR 91912E105 2158 163030 SH DFND 1 163030 0 0