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 121,060 635,352 SH   SOLE   635,352 0 0
51JOB INC SP ADR REP COM 316827104 241,923 3,874,480 SH   SOLE   3,874,480 0 0
ABBOTT LABS COM 002824100 184,849 2,555,635 SH   SOLE   2,555,635 0 0
ADOBE INC COM 00724F101 20 90 SH   SOLE   90 0 0
AIR PRODS & CHEMS INC COM 009158106 51 320 SH   SOLE   320 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 608,846 4,441,864 SH   SOLE   4,441,864 0 0
ALLSTATE CORP COM 020002101 253 3,058 SH   SOLE   3,058 0 0
ALPHABET INC CAP STK CL A 02079K305 47 45 SH   SOLE   45 0 0
AMAZON COM INC COM 023135106 202,737 134,981 SH   SOLE   134,981 0 0
AMBEV SA SPONSORED ADR 02319V103 330,012 84,186,833 SH   SOLE   84,186,833 0 0
AMERISOURCEBERGEN CORP COM 03073E105 129,675 1,742,934 SH   SOLE   1,742,934 0 0
AMPHENOL CORP NEW CL A 032095101 57 700 SH   SOLE   700 0 0
ANSYS INC COM 03662Q105 11 78 SH   SOLE   78 0 0
ANTHEM INC COM 036752103 210 800 SH   SOLE   800 0 0
APPLE INC COM 037833100 214,658 1,360,830 SH   SOLE   1,360,830 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 84 540 SH   SOLE   540 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 55 418 SH   SOLE   418 0 0
AVERY DENNISON CORP COM 053611109 54 600 SH   SOLE   600 0 0
BAIDU INC SPON ADR REP A 056752108 811,982 5,119,684 SH   SOLE   5,119,684 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 129,345 24,450,820 SH   SOLE   24,450,820 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 250,209 25,299,160 SH   SOLE   25,299,160 0 0
BANCO MACRO SA SPON ADR B 05961W105 48,546 1,097,823 SH   SOLE   1,097,823 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 89,556 2,995,196 SH   SOLE   2,995,196 0 0
BANCO SANTANDER MEXICO S A SPONSORED ADS B 05969B103 63 10,152 SH   SOLE   10,152 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 166,242 4,363,320 SH   SOLE   4,363,320 0 0
BOOKING HLDGS INC COM 09857L108 335,859 194,992 SH   SOLE   194,992 0 0
BORGWARNER INC COM 099724106 22 620 SH   SOLE   620 0 0
CANADIAN NATL RY CO COM 136375102 576,577 7,780,028 SH   SOLE   7,780,028 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 863,071 8,407,893 SH   SOLE   8,407,893 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 6,080 126,660 SH   SOLE   126,660 0 0
CHURCH & DWIGHT INC COM 171340102 9 137 SH   SOLE   137 0 0
CISCO SYS INC COM 17275R102 37 845 SH   SOLE   845 0 0
CNOOC LTD SPONSORED ADR 126132109 231,360 1,517,614 SH   SOLE   1,517,614 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 92 1,520 SH   SOLE   1,520 0 0
COGNEX CORP COM 192422103 117,129 3,028,942 SH   SOLE   3,028,942 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 135,257 2,130,702 SH   SOLE   2,130,702 0 0
COLGATE PALMOLIVE CO COM 194162103 154,740 2,599,804 SH   SOLE   2,599,804 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 94,908 4,569,482 SH   SOLE   4,569,482 0 0
CORE LABORATORIES N V COM N22717107 1,953 32,733 SH   SOLE   32,733 0 0
CREDICORP LTD COM G2519Y108 236,218 1,065,629 SH   SOLE   1,065,629 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 102,496 3,787,732 SH   SOLE   3,787,732 0 0
CVS HEALTH CORP COM 126650100 57 870 SH   SOLE   870 0 0
DANAHER CORP DEL COM 235851102 62 605 SH   SOLE   605 0 0
DEERE & CO COM 244199105 30 200 SH   SOLE   200 0 0
DISNEY WALT CO COM DISNEY 254687106 160,704 1,465,606 SH   SOLE   1,465,606 0 0
EBAY INC COM 278642103 111,569 3,974,679 SH   SOLE   3,974,679 0 0
ECOLAB INC COM 278865100 59 400 SH   SOLE   400 0 0
ECOPETROL S A SPONSORED ADS 279158109 12,553 790,474 SH   SOLE   790,474 0 0
EMERSON ELEC CO COM 291011104 11 185 SH   SOLE   185 0 0
ENCANA CORP COM 292505104 33 5,670 SH   SOLE   5,670 0 0
ENERSYS COM 29275Y102 39 503 SH   SOLE   503 0 0
EPAM SYS INC COM 29414B104 212,347 1,830,416 SH   SOLE   1,830,416 0 0
EXPONENT INC COM 30214U102 9 175 SH   SOLE   175 0 0
EXXON MOBIL CORP COM 30231G102 112,403 1,648,384 SH   SOLE   1,648,384 0 0
FACEBOOK INC CL A 30303M102 35 270 SH   SOLE   270 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 362,465 4,171,058 SH   SOLE   4,171,058 0 0
FISERV INC COM 337738108 66 900 SH   SOLE   900 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 380,302 4,419,555 SH   SOLE   4,419,555 0 0
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 6,528 201,548 SH   SOLE   201,548 0 0
GARTNER INC COM 366651107 66 513 SH   SOLE   513 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 316,556 17,241,577 SH   SOLE   17,241,577 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 160,057 1,062,793 SH   SOLE   1,062,793 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 7,154 259,469 SH   SOLE   259,469 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 106,108 8,434,625 SH   SOLE   8,434,625 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 32 396 SH   SOLE   396 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 433,361 4,183,420 SH   SOLE   4,183,420 0 0
HEALTHCARE SVCS GRP INC COM 421906108 46 1,137 SH   SOLE   1,137 0 0
HEICO CORP NEW COM 422806109 34 434 SH   SOLE   434 0 0
HELMERICH & PAYNE INC COM 423452101 20 407 SH   SOLE   407 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 94,345 2,294,943 SH   SOLE   2,294,943 0 0
ICICI BK LTD ADR 45104G104 571,284 55,518,398 SH   SOLE   55,518,398 0 0
IDEXX LABS INC COM 45168D104 13 70 SH   SOLE   70 0 0
ILLINOIS TOOL WKS INC COM 452308109 101 800 SH   SOLE   800 0 0
ILLUMINA INC COM 452327109 18 60 SH   SOLE   60 0 0
IPG PHOTONICS CORP COM 44980X109 112,244 990,769 SH   SOLE   990,769 0 0
IQVIA HLDGS INC COM 46266C105 12 100 SH   SOLE   100 0 0
ISHARES TR EAFE GRWTH ETF 464288885 750 10,864 SH   SOLE   10,864 0 0
ISHARES TR EAFE SML CP ETF 464288273 8,779 169,417 SH   SOLE   169,417 0 0
ISHARES TR MSCI ACWI EX US 464288240 40,740 970,936 SH   SOLE   970,936 0 0
ISHARES TR MSCI EAFE ETF 464287465 1,582 26,917 SH   SOLE   26,917 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 911,652 99,743,096 SH   SOLE   99,743,096 0 0
JD COM INC SPON ADR CL A 47215P106 49,856 2,382,021 SH   SOLE   2,382,021 0 0
JOHNSON & JOHNSON COM 478160104 103 800 SH   SOLE   800 0 0
JPMORGAN CHASE & CO COM 46625H100 29 295 SH   SOLE   295 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 33 341 SH   SOLE   341 0 0
LINDE PLC COM G5494J103 153,378 982,935 SH   SOLE   982,935 0 0
LOMA NEGRA CORP SPONSORED ADS 54150E104 4,229 379,986 SH   SOLE   379,986 0 0
LULULEMON ATHLETICA INC COM 550021109 35 290 SH   SOLE   290 0 0
MASTERCARD INCORPORATED CL A 57636Q104 268,746 1,424,577 SH   SOLE   1,424,577 0 0
MCDONALDS CORP COM 580135101 69 390 SH   SOLE   390 0 0
MERCK & CO INC COM 58933Y105 67 880 SH   SOLE   880 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 17 30 SH   SOLE   30 0 0
MICROSOFT CORP COM 594918104 152,278 1,499,244 SH   SOLE   1,499,244 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 105 1,914 SH   SOLE   1,914 0 0
NIKE INC CL B 654106103 239,006 3,223,712 SH   SOLE   3,223,712 0 0
NOBLE ENERGY INC COM 655044105 30 1,600 SH   SOLE   1,600 0 0
NOVARTIS A G SPONSORED ADR 66987V109 150 1,750 SH   SOLE   1,750 0 0
NVIDIA CORP COM 67066G104 282,412 2,115,447 SH   SOLE   2,115,447 0 0
PAYPAL HLDGS INC COM 70450Y103 548,812 6,526,483 SH   SOLE   6,526,483 0 0
PROCTER AND GAMBLE CO COM 742718109 144 1,569 SH   SOLE   1,569 0 0
PRUDENTIAL FINL INC COM 744320102 38 460 SH   SOLE   460 0 0
RED HAT INC COM 756577102 21 120 SH   SOLE   120 0 0
REGENERON PHARMACEUTICALS COM 75886F107 254,253 680,731 SH   SOLE   680,731 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 61 437 SH   SOLE   437 0 0
ROLLINS INC COM 775711104 29 816 SH   SOLE   816 0 0
ROPER TECHNOLOGIES INC COM 776696106 421,811 1,582,662 SH   SOLE   1,582,662 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 271,151 4,523,703 SH   SOLE   4,523,703 0 0
SALESFORCE COM INC COM 79466L302 18 130 SH   SOLE   130 0 0
SAP SE SPON ADR 803054204 624,390 6,272,127 SH   SOLE   6,272,127 0 0
SASOL LTD SPONSORED ADR 803866300 77,993 2,662,794 SH   SOLE   2,662,794 0 0
SCHLUMBERGER LTD COM 806857108 389,964 10,808,321 SH   SOLE   10,808,321 0 0
SENSATA TECHNOLOGIES HLDNG P SHS G8060N102 570 12,717 SH   SOLE   12,717 0 0
SERVICENOW INC COM 81762P102 14 78 SH   SOLE   78 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 59 573 SH   SOLE   573 0 0
SVB FINL GROUP COM 78486Q101 119,551 629,479 SH   SOLE   629,479 0 0
SYNOPSYS INC COM 871607107 53 635 SH   SOLE   635 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 779,140 21,109,196 SH   SOLE   21,109,196 0 0
TAL ED GROUP SPONSORED ADS 874080104 96 3,598 SH   SOLE   3,598 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 4,385 281,822 SH   SOLE   281,822 0 0
TENARIS S A SPONSORED ADR 88031M109 364,949 17,117,700 SH   SOLE   17,117,700 0 0
TEXAS INSTRS INC COM 882508104 10 110 SH   SOLE   110 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 13 60 SH   SOLE   60 0 0
TIFFANY & CO NEW COM 886547108 49 608 SH   SOLE   608 0 0
TRACTOR SUPPLY CO COM 892356106 61 729 SH   SOLE   729 0 0
TRANSOCEAN LTD REG SHS H8817H100 2 218 SH   SOLE   218 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 2,768 204,433 SH   SOLE   204,433 0 0
UNILEVER PLC SPON ADR NEW 904767704 149,548 2,862,171 SH   SOLE   2,862,171 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 94,897 2,081,975 SH   SOLE   2,081,975 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 113 3,037 SH   SOLE   3,037 0 0
VERISK ANALYTICS INC COM 92345Y106 342,223 3,138,510 SH   SOLE   3,138,510 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 11 69 SH   SOLE   69 0 0
VISA INC COM CL A 92826C839 34 260 SH   SOLE   260 0 0
WABCO HLDGS INC COM 92927K102 180,356 1,680,231 SH   SOLE   1,680,231 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 165,240 2,418,274 SH   SOLE   2,418,274 0 0
WATERS CORP COM 941848103 179,833 953,261 SH   SOLE   953,261 0 0
WEIBO CORP SPONSORED ADR 948596101 181,711 3,109,889 SH   SOLE   3,109,889 0 0
WORKDAY INC CL A 98138H101 22 140 SH   SOLE   140 0 0
YANDEX N V SHS CLASS A N97284108 466,682 17,063,344 SH   SOLE   17,063,344 0 0
ZOETIS INC CL A 98978V103 33 380 SH   SOLE   380 0 0