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 2,579 176,848,360 SH   SOLE 176,848,360 0 0
51JOB INC SP ADR REP COM 316827104 2,098 75,227,066 SH   SOLE 75,227,066 0 0
ABBOTT LABS COM 002824100 4,214 139,835,624 SH   SOLE 139,835,624 0 0
ABBVIE INC COM 00287Y109 2,635 172,455,014 SH   SOLE 172,455,014 0 0
ALLSTATE CORP COM 020002101 3 214,825 SH   SOLE 214,825 0 0
AMBEV SA SPONSORED ADR 02319V103 11,259 70,028,193 SH   SOLE 70,028,193 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 6,981 129,093,347 SH   SOLE 129,093,347 0 0
AMERICAN EXPRESS CO COM 025816109 3,401 156,042,427 SH   SOLE 156,042,427 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 95,929 167,153,552 SH   SOLE 167,153,552 0 0
ANTHEM INC COM 036752103 1 100,536 SH   SOLE 100,536 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 93,008 190,181,377 SH   SOLE 190,181,377 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 29 3,122,757 SH   SOLE 3,122,757 0 0
AVERY DENNISON CORP COM 053611109 1 31,128 SH   SOLE 31,128 0 0
BAIDU INC SPON ADR REP A 056752108 51,736 246,629,047 SH   SOLE 246,629,047 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 57,328 17,288,358 SH   SOLE 17,288,358 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 9,880 132,091,589 SH   SOLE 132,091,589 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 3,442 67,882,314 SH   SOLE 67,882,314 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 1,232 58,989,165 SH   SOLE 58,989,165 0 0
BORGWARNER INC COM 099724106 3,964 150,475,022 SH   SOLE 150,475,022 0 0
BUNGE LIMITED COM G16962105 84,961 365,984,496 SH   SOLE 365,984,496 0 0
CANADIAN NATL RY CO COM 136375102 102,893 252,156,430 SH   SOLE 252,156,430 0 0
CITRIX SYS INC COM 177376100 3,696 155,979,480 SH   SOLE 155,979,480 0 0
CNOOC LTD SPONSORED ADR 126132109 553 74,894,121 SH   SOLE 74,894,121 0 0
COLGATE PALMOLIVE CO COM 194162103 5,048 216,102,309 SH   SOLE 216,102,309 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 3,222 118,652,080 SH   SOLE 118,652,080 0 0
COPA HOLDINGS SA CL A P31076105 66 6,855,786 SH   SOLE 6,855,786 0 0
CREDICORP LTD COM G2519Y108 834 133,580,189 SH   SOLE 133,580,189 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 1,257 57,211,746 SH   SOLE 57,211,746 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 5,311 248,991,680 SH   SOLE 248,991,680 0 0
EBAY INC COM 278642103 7,994 306,867,265 SH   SOLE 306,867,265 0 0
ECOPETROL S A SPONSORED ADS 279158109 131 2,242,720 SH   SOLE 2,242,720 0 0
EMERSON ELEC CO COM 291011104 3,964 157,924,104 SH   SOLE 157,924,104 0 0
EXXON MOBIL CORP COM 30231G102 3,247 185,015,823 SH   SOLE 185,015,823 0 0
F5 NETWORKS INC COM 315616102 2,947 184,828,574 SH   SOLE 184,828,574 0 0
FIRST CASH FINL SVCS INC COM 31942D107 15 825,029 SH   SOLE 825,029 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 6,034 222,711,565 SH   SOLE 222,711,565 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 963 84,799,387 SH   SOLE 84,799,387 0 0
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 64,481 14,533,528 SH   SOLE 14,533,528 0 0
GOOGLE INC CL A 38259P508 2,529 260,035,203 SH   SOLE 260,035,203 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 2,677 59,918,836 SH   SOLE 59,918,836 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 725 95,581,495 SH   SOLE 95,581,495 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 3,004 102,321,792 SH   SOLE 102,321,792 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 4,193 147,757,453 SH   SOLE 147,757,453 0 0
ICICI BK LTD ADR 45104G104 157,904 525,263,197 SH   SOLE 525,263,197 0 0
ILLINOIS TOOL WKS INC COM 452308109 1 75,760 SH   SOLE 75,760 0 0
IMPERIAL OIL LTD COM NEW 453038408 83,544 214,719,799 SH   SOLE 214,719,799 0 0
IMS HEALTH HLDGS INC COM 44970B109 858 22,009,222 SH   SOLE 22,009,222 0 0
INFORMATICA CORP COM 45666Q102 4,297 126,011,598 SH   SOLE 126,011,598 0 0
IPG PHOTONICS CORP COM 44980X109 3,011 142,179,825 SH   SOLE 142,179,825 0 0
ISHARES EAFE SML CP ETF 464288273 172 8,024,778 SH   SOLE 8,024,778 0 0
ISHARES MSCI ACWI ETF 464288257 367 6,272 SH   SOLE 6,272 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 85,131 192,259,336 SH   SOLE 192,259,336 0 0
JOHNSON & JOHNSON COM 478160104 1 83,656 SH   SOLE 83,656 0 0
JPMORGAN CHASE & CO COM 46625H100 6,245 259,074,116 SH   SOLE 259,074,116 0 0
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 18 991,899 SH   SOLE 991,899 0 0
MASTERCARD INC CL A 57636Q104 5,552 280,548,790 SH   SOLE 280,548,790 0 0
MICROSOFT CORP COM 594918104 8,127 272,661,751 SH   SOLE 272,661,751 0 0
MONSANTO CO NEW COM 61166W101 4,189 258,769,481 SH   SOLE 258,769,481 0 0
NIKE INC CL B 654106103 7,505 373,802,965 SH   SOLE 373,802,965 0 0
NOBLE ENERGY INC COM 655044105 2 75,888 SH   SOLE 75,888 0 0
NOVO-NORDISK A S ADR 670100205 86,622 17,531,673 SH   SOLE 17,531,673 0 0
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 37 2,310,085 SH   SOLE 2,310,085 0 0
PRAXAIR INC COM 74005P104 2,005 105,981,079 SH   SOLE 105,981,079 0 0
PRECISION CASTPARTS CORP COM 740189105 1 356,502 SH   SOLE 356,502 0 0
PRICESMART INC COM 741511109 107 9,739,559 SH   SOLE 9,739,559 0 0
PROCTER & GAMBLE CO COM 742718109 2,398 121,441,494 SH   SOLE 121,441,494 0 0
RALPH LAUREN CORP CL A 751212101 1,487 110,544,028 SH   SOLE 110,544,028 0 0
ROPER INDS INC NEW COM 776696106 4,254 297,727,477 SH   SOLE 297,727,477 0 0
SAP SE SPON ADR 803054204 111,206 336,549,933 SH   SOLE 336,549,933 0 0
SASOL LTD SPONSORED ADR 803866300 26,646 12,136,329 SH   SOLE 12,136,329 0 0
SCHLUMBERGER LTD COM 806857108 90,250 509,166,516 SH   SOLE 509,166,516 0 0
SHIRE PLC SPONSORED ADR 82481R106 45,937 8,614,889 SH   SOLE 8,614,889 0 0
SVB FINL GROUP COM 78486Q101 3,990 241,284,321 SH   SOLE 241,284,321 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 186,987 192,381,336 SH   SOLE 192,381,336 0 0
TENARIS S A SPONSORED ADR 88031M109 1,963 59,310,749 SH   SOLE 59,310,749 0 0
TRANSOCEAN LTD REG SHS H8817H100 0 3,996 SH   SOLE 3,996 0 0
TRIMBLE NAVIGATION LTD COM 896239100 4,897 109,610,937 SH   SOLE 109,610,937 0 0
UNILEVER PLC SPON ADR NEW 904767704 43,971 10,206,408 SH   SOLE 10,206,408 0 0
V F CORP COM 918204108 5 359,520 SH   SOLE 359,520 0 0
VALE S A ADR 91912E105 5,777 47,259,345 SH   SOLE 47,259,345 0 0
VALE S A ADR REPSTG PFD 91912E204 1,297 9,415,784 SH   SOLE 9,415,784 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 40,466 863,551 SH   SOLE 863,551 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 15 1,393,570 SH   SOLE 1,393,570 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 218 8,269,204 SH   SOLE 8,269,204 0 0
VERISK ANALYTICS INC CL A 92345Y106 2,927 125,401,008 SH   SOLE 125,401,008 0 0
WATERS CORP COM 941848103 2,180 128,437,220 SH   SOLE 128,437,220 0 0
WELLS FARGO & CO NEW COM 949746101 6,622 256,218,189 SH   SOLE 256,218,189 0 0
WPP PLC NEW ADR 92937A102 134,147 26,986,992 SH   SOLE 26,986,992 0 0
YANDEX N V SHS CLASS A N97284108 3,613 55,845,093 SH   SOLE 55,845,093 0 0