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 1,051 6,000 SH   DFND 2 6,000 0 0
3M CO COM 88579Y101 315 1,800 SH   DFND 1 0 0 1,800
ALPHABET INC CAP STK CL C 02079K107 23,858 34,472 SH   DFND 1 0 0 34,472
ALPHABET INC CAP STK CL C 02079K107 9,799 14,158 SH   DFND 2 0 0 14,158
ALPHABET INC CAP STK CL A 02079K305 51,828 73,669 SH   DFND 1 59,902 0 13,767
ALPHABET INC CAP STK CL A 02079K305 22,587 32,105 SH   DFND 2 22,021 0 10,084
AMAZON COM INC COM 023135106 1,145 1,600 SH   DFND 1 0 0 1,600
AMAZON COM INC COM 023135106 3,006 4,200 SH   DFND 2 4,200 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 5,364 437,500 SH   DFND 1 437,500 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 13,051 1,064,526 SH   DFND 2 0 0 1,064,526
APPLE INC COM 037833100 2,486 26,000 SH   DFND 2 26,000 0 0
APPLE INC COM 037833100 765 8,000 SH   DFND 1 0 0 8,000
ARAMARK COM 03852U106 635 19,000 SH   DFND 1 0 0 19,000
ARAMARK COM 03852U106 2,306 69,000 SH   DFND 2 69,000 0 0
BAIDU INC SPON ADR REP A 056752108 121,453 735,409 SH   DFND 1 580,380 0 155,029
BAIDU INC SPON ADR REP A 056752108 137,079 830,028 SH   DFND 2 619,703 0 210,325
BECTON DICKINSON & CO COM 075887109 120,562 710,900 SH   DFND 1 571,100 0 139,800
BECTON DICKINSON & CO COM 075887109 46,790 275,900 SH   DFND 2 147,900 0 128,000
BIOGEN INC COM 09062X103 1,499 6,200 SH   DFND 1 0 0 6,200
BIOGEN INC COM 09062X103 1,935 8,000 SH   DFND 2 8,000 0 0
CARMAX INC COM 143130102 1,569 32,000 SH   DFND 1 0 0 32,000
CAVIUM INC COM 14964U108 10,471 271,272 SH   DFND 1 223,378 0 47,894
CAVIUM INC COM 14964U108 5,171 133,958 SH   DFND 2 85,527 0 48,431
CERNER CORP COM 156782104 2,578 44,000 SH   DFND 2 44,000 0 0
CERNER CORP COM 156782104 2,110 36,000 SH   DFND 1 0 0 36,000
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,240 115,255 SH   DFND 1 0 0 115,255
CINEMARK HOLDINGS INC COM 17243V102 35,094 962,530 SH   DFND 1 753,930 0 208,600
CINEMARK HOLDINGS INC COM 17243V102 17,989 493,400 SH   DFND 2 319,400 0 174,000
CISCO SYS INC COM 17275R102 430 15,000 SH   DFND 1 0 0 15,000
CISCO SYS INC COM 17275R102 1,865 65,000 SH   DFND 2 65,000 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 33,909 408,742 SH   DFND 1 267,970 0 140,772
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 7,709 92,928 SH   DFND 2 92,928 0 0
COMCAST CORP NEW CL A 20030N101 98,326 1,508,306 SH   DFND 1 1,234,998 0 273,308
COMCAST CORP NEW CL A 20030N101 41,082 630,186 SH   DFND 2 343,461 0 286,725
COSTCO WHSL CORP NEW COM 22160K105 2,623 16,700 SH   DFND 1 0 0 16,700
COSTCO WHSL CORP NEW COM 22160K105 8,839 56,283 SH   DFND 2 56,283 0 0
CRITEO S A SPONS ADS 226718104 46,466 1,011,880 SH   DFND 2 839,080 0 172,800
CRITEO S A SPONS ADS 226718104 37,917 825,720 SH   DFND 1 724,120 0 101,600
ECOLAB INC COM 278865100 5,705 48,100 SH   DFND 1 30,200 0 17,900
ECOLAB INC COM 278865100 8,290 69,900 SH   DFND 2 69,900 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 1,271 58,500 SH   DFND 1 0 0 58,500
EMBRAER S A SP ADR REP 4 COM 29082A107 877 40,400 SH   DFND 2 40,400 0 0
EQUINIX INC COM PAR $0.001 29444U700 1,357 3,500 SH   DFND 1 0 0 3,500
FACEBOOK INC CL A 30303M102 1,508 13,200 SH   DFND 1 0 0 13,200
FACEBOOK INC CL A 30303M102 2,171 19,000 SH   DFND 2 19,000 0 0
FLOWSERVE CORP COM 34354P105 623 13,800 SH   DFND 1 0 0 13,800
FLOWSERVE CORP COM 34354P105 1,987 44,000 SH   DFND 2 44,000 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 119,130 1,288,030 SH   DFND 1 1,084,290 0 203,740
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 142,733 1,543,221 SH   DFND 2 1,277,600 0 265,621
HUNT J B TRANS SVCS INC COM 445658107 2,096 25,900 SH   DFND 1 0 0 25,900
HUNT J B TRANS SVCS INC COM 445658107 2,185 27,000 SH   DFND 2 27,000 0 0
INFOSYS LTD SPONSORED ADR 456788108 260,665 14,603,105 SH   DFND 2 10,762,464 0 3,840,641
INFOSYS LTD SPONSORED ADR 456788108 292,905 16,409,244 SH   DFND 1 13,126,920 0 3,282,324
INTUIT COM 461202103 6,596 59,101 SH   DFND 1 36,101 0 23,000
INTUIT COM 461202103 10,019 89,771 SH   DFND 2 89,771 0 0
JOHNSON & JOHNSON COM 478160104 100,973 832,420 SH   DFND 1 697,820 0 134,600
JOHNSON & JOHNSON COM 478160104 41,185 339,530 SH   DFND 2 171,230 0 168,300
KANSAS CITY SOUTHERN COM NEW 485170302 541 6,000 SH   DFND 1 0 0 6,000
KANSAS CITY SOUTHERN COM NEW 485170302 1,712 19,000 SH   DFND 2 19,000 0 0
LILLY ELI & CO COM 532457108 2,048 26,000 SH   DFND 1 0 0 26,000
LILLY ELI & CO COM 532457108 3,150 40,000 SH   DFND 2 40,000 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 6,050 116,300 SH   DFND 2 116,300 0 0
MEDTRONIC PLC SHS G5960L103 107,734 1,241,600 SH   DFND 1 994,500 0 247,100
MEDTRONIC PLC SHS G5960L103 42,710 492,220 SH   DFND 2 268,550 0 223,670
MICROSOFT CORP COM 594918104 24,991 488,394 SH   DFND 2 288,769 0 199,625
MICROSOFT CORP COM 594918104 55,171 1,078,194 SH   DFND 1 887,417 0 190,777
NETEASE INC SPONSORED ADR 64110W102 269,606 1,395,333 SH   DFND 1 1,083,346 0 311,987
NETEASE INC SPONSORED ADR 64110W102 294,812 1,525,786 SH   DFND 2 1,192,003 0 333,783
NIELSEN HLDGS PLC SHS EUR G6518L108 2,183 42,000 SH   DFND 1 0 0 42,000
NIELSEN HLDGS PLC SHS EUR G6518L108 4,054 78,000 SH   DFND 2 78,000 0 0
OMNICOM GROUP INC COM 681919106 1,092 13,400 SH   DFND 1 0 0 13,400
OMNICOM GROUP INC COM 681919106 11,881 145,800 SH   DFND 2 145,800 0 0
ORACLE CORP COM 68389X105 778 19,000 SH   DFND 1 0 0 19,000
ORACLE CORP COM 68389X105 2,865 70,000 SH   DFND 2 70,000 0 0
PAYCHEX INC COM 704326107 2,797 47,000 SH   DFND 2 47,000 0 0
PAYCHEX INC COM 704326107 863 14,500 SH   DFND 1 0 0 14,500
QUALCOMM INC COM 747525103 2,036 38,000 SH   DFND 2 38,000 0 0
QUALCOMM INC COM 747525103 632 11,800 SH   DFND 1 0 0 11,800
S&P GLOBAL INC COM 78409V104 1,073 10,000 SH   DFND 1 0 0 10,000
STERICYCLE INC COM 858912108 479 4,600 SH   DFND 1 0 0 4,600
STERICYCLE INC COM 858912108 4,170 40,049 SH   DFND 2 40,049 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 128,469 4,897,804 SH   DFND 1 3,217,630 0 1,680,174
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 40,548 1,545,866 SH   DFND 2 1,162,946 0 382,920
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 12,047 885,802 SH   DFND 1 636,244 0 249,558
TYLER TECHNOLOGIES INC COM 902252105 500 3,000 SH   DFND 1 0 0 3,000
TYLER TECHNOLOGIES INC COM 902252105 1,834 11,000 SH   DFND 2 11,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 974 9,500 SH   DFND 1 0 0 9,500
UNITED TECHNOLOGIES CORP COM 913017109 2,154 21,000 SH   DFND 2 21,000 0 0
VERISK ANALYTICS INC COM 92345Y106 2,230 27,500 SH   DFND 1 0 0 27,500
VERISK ANALYTICS INC COM 92345Y106 2,453 30,250 SH   DFND 2 30,250 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 56,136 5,025,603 SH   DFND 2 2,537,403 0 2,488,200
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 41,185 3,687,100 SH   DFND 1 2,019,900 0 1,667,200
VISA INC COM CL A 92826C839 42,915 578,600 SH   DFND 1 467,400 0 111,200
VISA INC COM CL A 92826C839 20,285 273,500 SH   DFND 2 177,000 0 96,500
WHOLE FOODS MKT INC COM 966837106 320 10,000 SH   DFND 1 0 0 10,000
WHOLE FOODS MKT INC COM 966837106 1,025 32,000 SH   DFND 2 32,000 0 0
WRIGHT MED GROUP N V ORD SHS 0.03 PAR N96617118 452 26,000 SH   DFND 1 0 0 26,000
WRIGHT MED GROUP N V ORD SHS 0.03 PAR N96617118 1,476 85,000 SH   DFND 2 85,000 0 0
YANDEX N V SHS CLASS A N97284108 77,551 3,549,246 SH   DFND 1 2,960,727 0 588,519
YANDEX N V SHS CLASS A N97284108 86,921 3,978,066 SH   DFND 2 3,224,581 0 753,485
ZOETIS INC CL A 98978V103 1,187 25,000 SH   DFND 2 25,000 0 0
ZOETIS INC CL A 98978V103 778 16,400 SH   DFND 1 0 0 16,400