| 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 |
| CRH PLC-SPONSORED ADR | ADR | 12626K203 | 5,045 | 191,449 | SH | | SOLE | | 184,419 | 0 | 7,030 |
| ICICI BANK LTD-SPON ADR | ADR | 45104G104 | 35,448 | 3,444,944 | SH | | SOLE | | 3,444,944 | 0 | 0 |
| HDFC BANK LTD-ADR | ADR REPS 3 SHS | 40415F101 | 12,088 | 116,694 | SH | | SOLE | | 116,694 | 0 | 0 |
| CTRIP.COM INTERNATIONAL-ADR | AMERICAN DEP SHS | 22943F100 | 7,427 | 274,457 | SH | | SOLE | | 274,457 | 0 | 0 |
| ALPHABET INC-CL A | CAP STK CL A | 02079K305 | 109,673 | 104,954 | SH | | SOLE | | 104,954 | 0 | 0 |
| ALPHABET INC-CL C | CAP STK CL C | 02079K107 | 85,643 | 82,698 | SH | | SOLE | | 79,368 | 0 | 3,330 |
| BAKER HUGHES A GE CO | CL A | 05722G100 | 42 | 1,949 | SH | | SOLE | | 1,949 | 0 | 0 |
| COMCAST CORP-CLASS A | CL A | 20030N101 | 66,659 | 1,957,675 | SH | | SOLE | | 1,890,315 | 0 | 67,360 |
| COPA HOLDINGS SA-CLASS A | CL A | P31076105 | 9,480 | 120,442 | SH | | SOLE | | 120,442 | 0 | 0 |
| FACEBOOK INC-CLASS A | CL A | 30303M102 | 131,388 | 1,002,270 | SH | | SOLE | | 992,447 | 0 | 9,823 |
| MASTERCARD INC - A | CL A | 57636Q104 | 49,676 | 263,322 | SH | | SOLE | | 262,346 | 0 | 976 |
| PURE STORAGE INC - CLASS A | CL A | 74624M102 | 24,851 | 1,545,465 | SH | | SOLE | | 1,470,793 | 0 | 74,672 |
| WORKDAY INC-CLASS A | CL A | 98138H101 | 10,575 | 66,226 | SH | | SOLE | | 66,226 | 0 | 0 |
| COLONY CAPITAL INC | CL A COM | 19626G108 | 4,770 | 1,019,129 | SH | | SOLE | | 1,019,129 | 0 | 0 |
| ZILLOW GROUP INC - C | CL C CAP STK | 98954M200 | 7,112 | 225,200 | SH | | SOLE | | 225,200 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 | 84,214 | 1,808,336 | SH | | SOLE | | 1,756,498 | 0 | 51,838 |
| ADT INC | COM | 00090Q103 | 2,618 | 435,545 | SH | | SOLE | | 413,387 | 0 | 22,158 |
| ARAMARK | COM | 03852U106 | 28,792 | 993,847 | SH | | SOLE | | 943,683 | 0 | 50,164 |
| ARES CAPITAL CORP | COM | 04010L103 | 247,480 | 15,884,489 | SH | | SOLE | | 15,884,489 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 | 59,806 | 1,562,327 | SH | | SOLE | | 1,486,594 | 0 | 75,733 |
| AT&T INC | COM | 00206R102 | 226,049 | 7,920,438 | SH | | SOLE | | 7,920,438 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | 27,559 | 16,000 | SH | | SOLE | | 16,000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | 209,794 | 825,050 | SH | | SOLE | | 825,050 | 0 | 0 |
| CANADIAN PACIFIC RAILWAY LTD | COM | 13645T100 | 145,495 | 819,135 | SH | | SOLE | | 814,305 | 0 | 4,830 |
| CAPITAL ONE FINANCIAL CORP | COM | 14040H105 | 130,635 | 1,728,201 | SH | | SOLE | | 1,710,802 | 0 | 17,399 |
| CASA SYSTEMS INC | COM | 14713L102 | 16,016 | 1,219,768 | SH | | SOLE | | 1,163,282 | 0 | 56,486 |
| CONCHO RESOURCES INC | COM | 20605P101 | 8,139 | 79,184 | SH | | SOLE | | 79,184 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 | 116 | 523 | SH | | SOLE | | 523 | 0 | 0 |
| CROWN CASTLE INTL CORP | COM | 22822V101 | 169,239 | 1,557,936 | SH | | SOLE | | 1,557,936 | 0 | 0 |
| DAVITA INC | COM | 23918K108 | 10,587 | 205,734 | SH | | SOLE | | 205,734 | 0 | 0 |
| DEVON ENERGY CORP | COM | 25179M103 | 28,914 | 1,282,764 | SH | | SOLE | | 1,215,686 | 0 | 67,078 |
| DR HORTON INC | COM | 23331A109 | 9,168 | 264,523 | SH | | SOLE | | 264,523 | 0 | 0 |
| GLOBANT SA | COM | L44385109 | 10,971 | 194,802 | SH | | SOLE | | 194,802 | 0 | 0 |
| GRANITE POINT MORTGAGE TRUST | COM | 38741L107 | 25,558 | 1,417,500 | SH | | SOLE | | 1,417,500 | 0 | 0 |
| HEALTHEQUITY INC | COM | 42226A107 | 6,271 | 105,125 | SH | | SOLE | | 105,125 | 0 | 0 |
| HP INC | COM | 40434L105 | 30,227 | 1,477,386 | SH | | SOLE | | 1,391,875 | 0 | 85,511 |
| INOGEN INC | COM | 45780L104 | 3,350 | 26,977 | SH | | SOLE | | 26,977 | 0 | 0 |
| IPG PHOTONICS CORP | COM | 44980X109 | 135 | 1,193 | SH | | SOLE | | 1,193 | 0 | 0 |
| ITT INC | COM | 45073V108 | 17,458 | 361,678 | SH | | SOLE | | 345,849 | 0 | 15,829 |
| JPMORGAN CHASE & CO | COM | 46625H100 | 452,543 | 4,635,761 | SH | | SOLE | | 4,599,811 | 0 | 35,950 |
| MERCK & CO. INC. | COM | 58933Y105 | 306,174 | 4,006,989 | SH | | SOLE | | 4,006,989 | 0 | 0 |
| MFA FINANCIAL INC | COM | 55272X102 | 233,863 | 35,009,478 | SH | | SOLE | | 35,009,478 | 0 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174X109 | 14,566 | 295,936 | SH | | SOLE | | 295,936 | 0 | 0 |
| NAVIENT CORP | COM | 63938C108 | 13,166 | 1,494,450 | SH | | SOLE | | 1,424,013 | 0 | 70,437 |
| NETFLIX INC | COM | 64110L106 | 10,500 | 39,228 | SH | | SOLE | | 39,228 | 0 | 0 |
| NEVRO CORP | COM | 64157F103 | 8,013 | 206,053 | SH | | SOLE | | 206,053 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | 34,980 | 744,265 | SH | | SOLE | | 742,186 | 0 | 2,079 |
| NXP SEMICONDUCTORS NV | COM | N6596X109 | 76,502 | 1,043,963 | SH | | SOLE | | 1,039,898 | 0 | 4,065 |
| OUTFRONT MEDIA INC | COM | 69007J106 | 60,287 | 3,327,100 | SH | | SOLE | | 3,327,100 | 0 | 0 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 | 13,980 | 166,255 | SH | | SOLE | | 166,255 | 0 | 0 |
| PENNYMAC MORTGAGE INVESTMENT | COM | 70931T103 | 36,846 | 1,978,815 | SH | | SOLE | | 1,880,492 | 0 | 98,323 |
| SERVICENOW INC | COM | 81762P102 | 14,349 | 80,587 | SH | | SOLE | | 80,587 | 0 | 0 |
| SOLAR CAPITAL LTD | COM | 83413U100 | 88,535 | 4,613,589 | SH | | SOLE | | 4,613,589 | 0 | 0 |
| SS&C TECHNOLOGIES HOLDINGS | COM | 78467J100 | 20,476 | 453,911 | SH | | SOLE | | 453,911 | 0 | 0 |
| TEEKAY CORP | COM | Y8564W103 | 634 | 189,942 | SH | | SOLE | | 189,942 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 | 132,801 | 1,771,384 | SH | | SOLE | | 1,771,384 | 0 | 0 |
| YUM CHINA HOLDINGS INC | COM | 98850P109 | 70 | 2,100 | SH | | SOLE | | 2,100 | 0 | 0 |
| ZAYO GROUP HOLDINGS INC | COM | 98919V105 | 58,867 | 2,577,350 | SH | | SOLE | | 2,577,350 | 0 | 0 |
| CME GROUP INC | COM CL A | 12572Q105 | 663,490 | 3,526,951 | SH | | SOLE | | 3,526,951 | 0 | 0 |
| PIVOTAL SOFTWARE INC - CL A | COM CL A | 72582H107 | 8,922 | 545,669 | SH | | SOLE | | 545,669 | 0 | 0 |
| VISA INC-CLASS A SHARES | COM CL A | 92826C839 | 71,765 | 543,924 | SH | | SOLE | | 542,537 | 0 | 1,387 |
| APOLLO INVESTMENT CORP | COM NEW | 03761U502 | 101,516 | 8,186,779 | SH | | SOLE | | 8,186,779 | 0 | 0 |
| CHIMERA INVESTMENT CORP | COM NEW | 16934Q208 | 158,598 | 8,900,000 | SH | | SOLE | | 8,900,000 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 | 32,517 | 288,656 | SH | | SOLE | | 279,103 | 0 | 9,553 |
| EQUINIX INC | COM PAR $0.001 | 29444U700 | 1,217 | 3,451 | SH | | SOLE | | 3,451 | 0 | 0 |
| JPM DIVERSIFIED RET INTL EQ | DIV RTN INT EQ | 46641Q209 | 624 | 11,406 | SH | | SOLE | | 11,406 | 0 | 0 |
| ASML HOLDING NV-NY REG SHS | N Y REGISTRY SHS | N07059210 | 196 | 1,262 | SH | | SOLE | | 1,262 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 | 17,531 | 2,303,673 | SH | | SOLE | | 2,200,734 | 0 | 102,939 |
| FARFETCH LTD-CLASS A | ORD SH CL A | 30744W107 | 14,106 | 796,506 | SH | | SOLE | | 793,871 | 0 | 2,635 |
| ADIENT PLC | ORD SHS | G0084W101 | 24 | 1,568 | SH | | SOLE | | 1,568 | 0 | 0 |
| TEEKAY LNG PARTNERS LP | PRTNRSP UNITS | Y8564M105 | 35,187 | 3,193,023 | SH | | SOLE | | 3,106,450 | 0 | 86,573 |
| ALKERMES PLC | SHS | G01767105 | 36,198 | 1,226,643 | SH | | SOLE | | 1,177,040 | 0 | 49,603 |
| ALLERGAN PLC | SHS | G0177J108 | 43,210 | 323,281 | SH | | SOLE | | 323,281 | 0 | 0 |
| CNH INDUSTRIAL NV | SHS | N20944109 | 7,744 | 840,794 | SH | | SOLE | | 813,072 | 0 | 27,722 |
| MAKEMYTRIP LTD | SHS | V5633W109 | 112 | 4,592 | SH | | SOLE | | 4,592 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | 48,252 | 530,478 | SH | | SOLE | | 502,970 | 0 | 27,508 |
| SEASPAN CORP | SHS | Y75638109 | 1,980 | 252,903 | SH | | SOLE | | 252,903 | 0 | 0 |
| WIX.COM LTD | SHS | M98068105 | 10,588 | 117,200 | SH | | SOLE | | 117,200 | 0 | 0 |
| LYONDELLBASELL INDU-CL A | SHS - A - | N53745100 | 148,202 | 1,782,127 | SH | | SOLE | | 1,782,127 | 0 | 0 |
| LAZARD LTD-CL A | SHS A | G54050102 | 50,889 | 1,378,738 | SH | | SOLE | | 1,378,738 | 0 | 0 |
| YANDEX NV-A | SHS CLASS A | N97284108 | 56,915 | 2,081,003 | SH | | SOLE | | 2,075,665 | 0 | 5,338 |
| BANK OF N.T. BUTTERFIELD&SON | SHS NEW | G0772R208 | 1,310 | 41,796 | SH | | SOLE | | 41,796 | 0 | 0 |
| CHINA PETROLEUM & CHEM-ADR | SPON ADR H SHS | 16941R108 | 10,706 | 151,650 | SH | | SOLE | | 146,190 | 0 | 5,460 |
| ANHEUSER-BUSCH INBEV-SPN ADR | SPONSORED ADR | 03524A108 | 173 | 2,636 | SH | | SOLE | | 2,636 | 0 | 0 |
| CHINA MOBILE LTD-SPON ADR | SPONSORED ADR | 16941M109 | 8,728 | 181,830 | SH | | SOLE | | 130,427 | 0 | 51,403 |
| CHINA UNICOM HONG KONG-ADR | SPONSORED ADR | 16945R104 | 17,359 | 1,628,397 | SH | | SOLE | | 1,572,913 | 0 | 55,484 |
| ENI SPA-SPONSORED ADR | SPONSORED ADR | 26874R108 | 8,185 | 259,829 | SH | | SOLE | | 249,481 | 0 | 10,348 |
| NOVARTIS AG-SPONSORED ADR | SPONSORED ADR | 66987V109 | 30,462 | 354,988 | SH | | SOLE | | 354,988 | 0 | 0 |
| ALIBABA GROUP HOLDING-SP ADR | SPONSORED ADS | 01609W102 | 231,894 | 1,691,792 | SH | | SOLE | | 1,676,154 | 0 | 15,638 |
| GREENTREE HOSPITALITY GR-ADR | SPONSORED ADS | 39579V100 | 844 | 64,976 | SH | | SOLE | | 64,976 | 0 | 0 |
| HUAZHU GROUP LTD-ADR | SPONSORED ADS | 44332N106 | 8,597 | 300,271 | SH | | SOLE | | 300,271 | 0 | 0 |
| AZUL SA-ADR | SPONSR ADR PFD | 05501U106 | 21,778 | 786,481 | SH | | SOLE | | 786,481 | 0 | 0 |
| SPDR S&P 500 ETF TRUST | TR UNIT | 78462F103 | 3,222 | 11,847 | SH | | SOLE | | 11,788 | 0 | 59 |
| NOMAD FOODS LTD | USD ORD SHS | G6564A105 | 48,299 | 2,888,681 | SH | | SOLE | | 2,755,906 | 0 | 132,775 |
| BARCLAYS PLC-SPONS ADR | ADR | 06738E204 | 12,976 | 1,720,943 | SH | | SOLE | | 1,658,297 | 0 | 62,646 |
| VANGUARD FTSE ALL-WORLD EX-U | ALLWRLD EX US | 922042775 | 3,733 | 75,975 | SH | | SOLE | | 75,975 | 0 | 0 |
| COGNIZANT TECH SOLUTIONS-A | CL A | 192446102 | 24,544 | 386,636 | SH | | SOLE | | 368,058 | 0 | 18,578 |
| ECHOSTAR CORP-A | CL A | 278768106 | 60,244 | 1,640,621 | SH | | SOLE | | 1,634,083 | 0 | 6,538 |
| LAMAR ADVERTISING CO-A | CL A | 512816109 | 112,255 | 1,622,656 | SH | | SOLE | | 1,622,656 | 0 | 0 |
| WORLDPAY INC-CLASS A | CL A | 981558109 | 38,368 | 502,006 | SH | | SOLE | | 498,925 | 0 | 3,081 |
| UNITED PARCEL SERVICE-CL B | CL B | 911312106 | 31,382 | 321,768 | SH | | SOLE | | 303,669 | 0 | 18,099 |
| LIONS GATE ENTERTAINMENT-B | CL B NON VTG | 535919500 | 3,480 | 233,900 | SH | | SOLE | | 233,900 | 0 | 0 |
| SUNCOR ENERGY INC | COM | 867224107 | 43,139 | 1,544,529 | SH | | SOLE | | 1,544,529 | 0 | 0 |
| CARMAX INC | COM | 143130102 | 21,442 | 341,814 | SH | | SOLE | | 326,648 | 0 | 15,166 |
| CARS.COM INC | COM | 14575E105 | 19 | 898 | SH | | SOLE | | 898 | 0 | 0 |
| CENTURYLINK INC | COM | 156700106 | 1,823 | 120,363 | SH | | SOLE | | 120,363 | 0 | 0 |
| CF INDUSTRIES HOLDINGS INC | COM | 125269100 | 86,201 | 1,981,176 | SH | | SOLE | | 1,981,176 | 0 | 0 |
| DEXCOM INC | COM | 252131107 | 11,214 | 93,602 | SH | | SOLE | | 93,602 | 0 | 0 |
| ENTERPRISE PRODUCTS PARTNERS | COM | 293792107 | 36,632 | 1,489,724 | SH | | SOLE | | 1,388,351 | 0 | 101,373 |
| FLEETCOR TECHNOLOGIES INC | COM | 339041105 | 21,927 | 118,064 | SH | | SOLE | | 118,064 | 0 | 0 |
| FORTIS INC | COM | 349553107 | 16,363 | 490,497 | SH | | SOLE | | 463,887 | 0 | 26,610 |
| GILEAD SCIENCES INC | COM | 375558103 | 70,798 | 1,131,857 | SH | | SOLE | | 1,080,566 | 0 | 51,291 |
| HALLIBURTON CO | COM | 406216101 | 24,277 | 913,361 | SH | | SOLE | | 898,229 | 0 | 15,132 |
| HELMERICH & PAYNE | COM | 423452101 | 23,586 | 491,994 | SH | | SOLE | | 491,994 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | 238,177 | 1,386,200 | SH | | SOLE | | 1,386,200 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 | 14,580 | 755,826 | SH | | SOLE | | 709,647 | 0 | 46,179 |
| LAS VEGAS SANDS CORP | COM | 517834107 | 203,228 | 3,904,477 | SH | | SOLE | | 3,904,477 | 0 | 0 |
| MCDERMOTT INTL INC | COM | 580037703 | 7,751 | 1,185,217 | SH | | SOLE | | 1,137,061 | 0 | 48,156 |
| MICRON TECHNOLOGY INC | COM | 595112103 | 127 | 4,017 | SH | | SOLE | | 4,017 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | 1,369 | 13,475 | SH | | SOLE | | 13,475 | 0 | 0 |
| MOHAWK INDUSTRIES INC | COM | 608190104 | 30,231 | 258,476 | SH | | SOLE | | 244,741 | 0 | 13,735 |
| ONEOK INC | COM | 682680103 | 208,056 | 3,856,451 | SH | | SOLE | | 3,856,451 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 | 38,713 | 1,270,125 | SH | | SOLE | | 1,270,125 | 0 | 0 |
| PFIZER INC | COM | 717081103 | 121,888 | 2,792,384 | SH | | SOLE | | 2,792,384 | 0 | 0 |
| PIONEER NATURAL RESOURCES CO | COM | 723787107 | 8,835 | 67,179 | SH | | SOLE | | 67,179 | 0 | 0 |
| PRICESMART INC | COM | 741511109 | 8,991 | 152,127 | SH | | SOLE | | 151,650 | 0 | 477 |
| PROOFPOINT INC | COM | 743424103 | 10,387 | 123,938 | SH | | SOLE | | 123,938 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | 319,919 | 5,621,484 | SH | | SOLE | | 5,621,484 | 0 | 0 |
| SCHWAB (CHARLES) CORP | COM | 808513105 | 10,825 | 260,657 | SH | | SOLE | | 260,657 | 0 | 0 |
| SPLUNK INC | COM | 848637104 | 9,348 | 89,157 | SH | | SOLE | | 89,157 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | 42,549 | 660,702 | SH | | SOLE | | 627,372 | 0 | 33,330 |
| T-MOBILE US INC | COM | 872590104 | 104,785 | 1,647,309 | SH | | SOLE | | 1,647,309 | 0 | 0 |
| TEXAS INSTRUMENTS INC | COM | 882508104 | 6,471 | 68,473 | SH | | SOLE | | 68,473 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 73,270 | 327,405 | SH | | SOLE | | 310,983 | 0 | 16,422 |
| TJX COMPANIES INC | COM | 872540109 | 17,588 | 393,126 | SH | | SOLE | | 393,126 | 0 | 0 |
| US FOODS HOLDING CORP | COM | 912008109 | 72,472 | 2,290,525 | SH | | SOLE | | 2,170,136 | 0 | 120,389 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | 423,325 | 6,195,303 | SH | | SOLE | | 6,195,303 | 0 | 0 |
| WELLS FARGO & CO | COM | 949746101 | 1,354 | 29,388 | SH | | SOLE | | 29,388 | 0 | 0 |
| CARGURUS INC | COM CL A | 141788109 | 8,274 | 245,288 | SH | | SOLE | | 245,288 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | 181,718 | 3,490,552 | SH | | SOLE | | 3,453,770 | 0 | 36,782 |
| KANSAS CITY SOUTHERN | COM NEW | 485170302 | 94 | 984 | SH | | SOLE | | 984 | 0 | 0 |
| OWENS-ILLINOIS INC | COM NEW | 690768403 | 21,689 | 1,258,037 | SH | | SOLE | | 1,204,935 | 0 | 53,102 |
| THOMSON REUTERS CORP | COM NEW | 884903709 | 8,720 | 180,501 | SH | | SOLE | | 174,463 | 0 | 6,038 |
| ISHARES MSCI EAFE VALUE ETF | EAFE VALUE ETF | 464288877 | 332 | 6,902 | SH | | SOLE | | 6,902 | 0 | 0 |
| VANGUARD EUROPE PACIFIC ETF | FTSE DEV MKT ETF | 921943858 | 105,257 | 2,632,089 | SH | | SOLE | | 2,591,099 | 0 | 40,990 |
| Schwab Intl Equity ETF | INTL EQTY ETF | 808524805 | 397 | 13,010 | SH | | SOLE | | 13,010 | 0 | 0 |
| ISHARES MSCI ACWI EX US INDX | MSCI ACWI EX US | 464288240 | 787 | 17,417 | SH | | SOLE | | 17,417 | 0 | 0 |
| ISHARES MSCI EAFE ETF | MSCI EAFE ETF | 464287465 | 25,420 | 404,205 | SH | | SOLE | | 394,015 | 0 | 10,190 |
| UNILEVER N V -NY SHARES | N Y SHS NEW | 904784709 | 35,138 | 653,131 | SH | | SOLE | | 653,131 | 0 | 0 |
| ISHARES RUSSELL 1000 VALUE | RUS 1000 VAL ETF | 464287598 | 130 | 1,078 | SH | | SOLE | | 1,078 | 0 | 0 |
| WASHINGTON REIT | SH BEN INT | 939653101 | 72,253 | 3,141,427 | SH | | SOLE | | 3,141,427 | 0 | 0 |
| SAP SE-SPONSORED ADR | SPON ADR | 803054204 | 17,597 | 176,766 | SH | | SOLE | | 170,079 | 0 | 6,687 |
| GRUPO AEROPORTUARIO PAC-ADR | SPON ADR B | 400506101 | 131 | 1,605 | SH | | SOLE | | 1,605 | 0 | 0 |
| ITAU UNIBANCO H-SPON PRF ADR | SPON ADR REP PFD | 465562106 | 24,771 | 2,710,180 | SH | | SOLE | | 2,710,180 | 0 | 0 |
| FOMENTO ECONOMICO MEX-SP ADR | SPON ADR UNITS | 344419106 | 66,333 | 770,866 | SH | | SOLE | | 768,402 | 0 | 2,464 |
| ROYAL DUTCH SHELL-SPON ADR-A | SPONS ADR A | 780259206 | 652,104 | 11,191,083 | SH | | SOLE | | 11,176,224 | 0 | 14,859 |
| CREDIT SUISSE GROUP-SPON ADR | SPONSORED ADR | 225401108 | 13,377 | 1,231,806 | SH | | SOLE | | 1,186,657 | 0 | 45,149 |
| FRESENIUS MEDICAL CARE-ADR | SPONSORED ADR | 358029106 | 21,739 | 671,160 | SH | | SOLE | | 657,879 | 0 | 13,281 |
| TAIWAN SEMICONDUCTOR-SP ADR | SPONSORED ADR | 874039100 | 1,894 | 51,323 | SH | | SOLE | | 51,323 | 0 | 0 |
| TEVA PHARMACEUTICAL-SP ADR | SPONSORED ADR | 881624209 | 54,579 | 3,539,521 | SH | | SOLE | | 3,524,856 | 0 | 14,665 |
| RYANAIR HOLDINGS PLC-SP ADR | SPONSORED ADR NE | 783513203 | 120,744 | 1,692,511 | SH | | SOLE | | 1,690,796 | 0 | 1,715 |
| TAL EDUCATION GROUP- ADR | SPONSORED ADS | 874080104 | 157,085 | 5,887,735 | SH | | SOLE | | 5,858,596 | 0 | 29,139 |
| OAKTREE CAPITAL GROUP LLC | UNIT CL A | 674001201 | 36,362 | 914,763 | SH | | SOLE | | 861,920 | 0 | 52,843 |
| ASTRAZENECA PLC-SPONS ADR | SPONSORED ADR | 046353108 | 24,850 | 654,280 | SH | | SOLE | | 647,086 | 0 | 7,194 |
| BAIDU INC - SPON ADR | SPON ADR REP A | 056752108 | 120,305 | 758,541 | SH | | SOLE | | 757,848 | 0 | 693 |
| AFFILIATED MANAGERS GROUP | COM | 008252108 | 10,331 | 106,028 | SH | | SOLE | | 106,028 | 0 | 0 |
| ALEXION PHARMACEUTICALS INC | COM | 015351109 | 12,920 | 132,701 | SH | | SOLE | | 132,701 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 | 27,950 | 18,609 | SH | | SOLE | | 18,609 | 0 | 0 |
| APOLLO GLOBAL MANAGEMENT - A | CL A SHS | 037612306 | 15,367 | 626,196 | SH | | SOLE | | 591,796 | 0 | 34,400 |
| APPLE INC | COM | 037833100 | 34,551 | 219,040 | SH | | SOLE | | 210,312 | 0 | 8,728 |
| AXA EQUITABLE HOLDINGS INC | COM | 054561105 | 190,570 | 11,459,384 | SH | | SOLE | | 11,414,916 | 0 | 44,468 |
