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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   112,795 1,564,000 SH   SOLE   1,564,000 0 0
AIR LEASE CORP CL A 00912X302   32,040 1,158,350 SH   SOLE   1,158,350 0 0
ALTRIA GROUP INC COM 02209S103   139,285 4,091,533 SH   SOLE   4,091,533 0 0
AMAZON COM INC COM 023135106   97,240 313,949 SH   SOLE   313,949 0 0
BALLY TECHNOLOGIES INC COM 05874B107   31,575 438,178 SH   SOLE   438,178 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   30,675 180 SH   SOLE   180 0 0
BIOGEN IDEC INC COM 09062X103   74,975 314,460 SH   SOLE   314,460 0 0
CAPITAL ONE FINL CORP COM 14040H105   46,990 687,474 SH   SOLE   687,474 0 0
CASEYS GEN STORES INC COM 147528103   15,960 217,175 SH   SOLE   217,175 0 0
CELGENE CORP COM 151020104   77,345 507,362 SH   SOLE   507,362 0 0
CHEVRON CORP NEW COM 166764100   31,375 258,230 SH   SOLE   258,230 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105   59,180 139,430 SH   SOLE   139,430 0 0
CITIGROUP INC COM NEW 172967424   21,400 441,153 SH   SOLE   441,153 0 0
COCA COLA CO COM 191216100   253,510 6,756,439 SH   SOLE   6,756,439 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108   166,390 1,337,676 SH   SOLE   1,337,676 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102   91,735 1,127,737 SH   SOLE   1,127,737 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203   783,235 20,690,459 SH   SOLE   20,690,459 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   111,510 9,652,844 SH   SOLE   9,652,844 0 0
CORE LABORATORIES N V COM N22717107   288,450 1,729,841 SH   SOLE   1,729,841 0 0
COVIDIEN PLC SHS G2554F113   178,420 2,941,259 SH   SOLE   2,941,259 0 0
CSL LTD ADR 12637N105   9,040 302,828 SH   SOLE   302,828 0 0
DIAGEO P L C SPON ADR NEW 25243Q205   47,630 374,793 SH   SOLE   374,793 0 0
ECOPETROL S A SPONSORED ADS 279158109   213,480 4,671,002 SH   SOLE   4,671,002 0 0
FASTENAL CO COM 311900104   24,085 479,275 SH   SOLE   479,275 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100   23,125 495,950 SH   SOLE   495,950 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   595,260 6,216,686 SH   SOLE   6,216,686 0 0
GOOGLE INC CL A 38259P508   30,795 35,159 SH   SOLE   35,159 0 0
GRAINGER W W INC COM 384802104   27,500 105,079 SH   SOLE   105,079 0 0
GRANA Y MONTERO S A A SPONSORED ADR 38500P208   18,330 901,517 SH   SOLE   901,517 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105   652,480 47,787,549 SH   SOLE   47,787,549 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206   445,075 16,091,674 SH   SOLE   16,091,674 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101   406,545 13,301,589 SH   SOLE   13,301,589 0 0
HENRY JACK & ASSOC INC COM 426281101   3,650 70,765 SH   SOLE   70,765 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101   26,890 145,203 SH   SOLE   145,203 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602   7,975 21,200 SH   SOLE   21,200 0 0
JOHNSON & JOHNSON COM 478160104   123,835 1,440,945 SH   SOLE   1,440,945 0 0
JPM (AXIS BANK WTS) P-NOTE 08/10/14 48125D480   1,895 118,600 SH   SOLE   118,600 0 0
JPM (HDFC LTD) P-NOTE 29/09/14 48125D183   29,985 2,469,707 SH   SOLE   2,469,707 0 0
JPM (NESTLE INDIA LTD) P-NOTE 09/08/15 48124F395   9,890 119,279 SH   SOLE   119,279 0 0
JPM(INDRAPRASTHA GAS LTD) P-NOTE 09/08/16 48124F791   720 167,847 SH   SOLE   167,847 0 0
JPMORGAN CHASE & CO COM 46625H100   7,895 152,746 SH   SOLE   152,746 0 0
LAS VEGAS SANDS CORP COM 517834107   135,355 2,059,178 SH   SOLE   2,059,178 0 0
MASTERCARD INC CL A 57636Q104   261,535 392,878 SH   SOLE   392,878 0 0
MCDONALDS CORP COM 580135101   15,865 164,888 SH   SOLE   164,888 0 0
MEAD JOHNSON NUTRITION CO COM 582839106   77,045 1,045,412 SH   SOLE   1,045,412 0 0
MONDELEZ INTL INC CL A 609207105   43,940 1,398,475 SH   SOLE   1,398,475 0 0
MOODYS CORP COM 615369105   20,000 284,425 SH   SOLE   284,425 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307   38,875 654,675 SH   SOLE   654,675 0 0
NETEASE INC SPONSORED ADR 64110W102   75,845 1,044,577 SH   SOLE   1,044,577 0 0
NEWCREST MNG LTD SPONSORED ADR 651191108   12,360 1,148,280 SH   SOLE   1,148,280 0 0
NEWMONT MINING CORP COM 651639106   31,815 1,132,276 SH   SOLE   1,132,276 0 0
OIL CO LUKOIL SPONSORED ADR 677862104   29,865 469,917 SH   SOLE   469,917 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106   285 7,800 SH   SOLE   7,800 0 0
PHILIP MORRIS INTL INC COM 718172109   665,060 7,776,214 SH   SOLE   7,776,214 0 0
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604   19,890 293,229 SH   SOLE   293,229 0 0
PRICELINE COM INC COM NEW 741503403   67,840 67,708 SH   SOLE   67,708 0 0
RANDGOLD RES LTD ADR 752344309   164,910 2,355,064 SH   SOLE   2,355,064 0 0
REYNOLDS AMERICAN INC COM 761713106   39,535 810,500 SH   SOLE   810,500 0 0
ROYAL GOLD INC COM 780287108   5,135 105,522 SH   SOLE   105,522 0 0
SEMPRA ENERGY COM 816851109   23,835 278,475 SH   SOLE   278,475 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105   152,130 5,033,114 SH   SOLE   5,033,114 0 0
STARBUCKS CORP COM 855244109   15,930 207,000 SH   SOLE   207,000 0 0
WAL-MART DE MEX SAB DE CV COM 93114W107   650 24,810 SH   SOLE   24,810 0 0