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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AIA Group Ltd COM 001317205 7,768 221,780 SH   SOLE   221,780 0 0
AIA Group Ltd COM 001317205 18 528 SH   OTR   0 0 528
Alibaba Group Holding Ltd COM 01609W102 1,954 10,532 SH   SOLE   10,532 0 0
Alibaba Group Holding Ltd COM 01609W102 32 175 SH   OTR   0 0 175
Alliance Data Systems Corp COM 018581108 148,705 637,670 SH   SOLE   637,670 0 0
Alliance Data Systems Corp COM 018581108 17,230 73,883 SH   OTR   0 0 73,883
Alphabet Inc CL C COM 02079K107 265,820 238,265 SH   SOLE   234,987 0 3,278
Alphabet Inc CL C COM 02079K107 46,937 42,071 SH   OTR   0 0 42,071
Amazon.com Inc COM 023135106 300,358 176,702 SH   SOLE   174,531 0 2,171
Amazon.com Inc COM 023135106 47,763 28,099 SH   OTR   0 0 28,099
Apple Inc COM 037833100 2,134 11,530 SH   SOLE   11,530 0 0
Autodesk Inc COM 052769106 315,999 2,410,551 SH   SOLE   2,379,452 0 31,099
Autodesk Inc COM 052769106 51,480 392,707 SH   OTR   0 0 392,707
Automatic Data Processing Inc COM 053015103 160,007 1,192,838 SH   SOLE   1,192,838 0 0
Automatic Data Processing Inc COM 053015103 21,480 160,132 SH   OTR   0 0 160,132
Becton Dickinson COM 075887109 158,039 659,704 SH   SOLE   659,704 0 0
Becton Dickinson COM 075887109 18,065 75,407 SH   OTR   0 0 75,407
Booking Holdings Inc COM 09857L108 183,784 90,664 SH   SOLE   89,398 0 1,266
Booking Holdings Inc COM 09857L108 32,427 15,997 SH   OTR   0 0 15,997
CTrip.com International Ltd COM 22943F100 45,900 963,670 SH   SOLE   905,978 0 57,692
CTrip.com International Ltd COM 22943F100 16,978 356,459 SH   OTR   0 0 356,459
Cerner Corp COM 156782104 2,065 34,534 SH   OTR   0 0 34,534
Danone SA COM 23636T100 7,599 521,213 SH   SOLE   521,213 0 0
Danone SA COM 23636T100 6 385 SH   OTR   0 0 385
Ecolab Inc COM 278865100 185,998 1,325,433 SH   SOLE   1,325,433 0 0
Ecolab Inc COM 278865100 24,991 178,089 SH   OTR   0 0 178,089
Equinix Inc COM 29444U700 342,107 795,802 SH   SOLE   786,216 0 9,586
Equinix Inc COM 29444U700 53,397 124,210 SH   OTR   0 0 124,210
Estee Lauder Cos Inc/The COM 518439104 101,022 707,981 SH   SOLE   707,981 0 0
Estee Lauder Cos Inc/The COM 518439104 11,987 84,007 SH   OTR   0 0 84,007
Facebook Inc COM 30303M102 2,007 10,330 SH   SOLE   10,330 0 0
Facebook Inc COM 30303M102 43 222 SH   OTR   0 0 222
Fast Retailing Co -Unspon ADR COM 31188H101 5,703 124,597 SH   SOLE   124,597 0 0
FleetCor Technologies Inc COM 339041105 329,479 1,564,107 SH   SOLE   1,545,512 0 18,595
FleetCor Technologies Inc COM 339041105 50,898 241,625 SH   OTR   0 0 241,625
Fomento Economico Mexicano SAB COM 344419106 38,835 442,357 SH   SOLE   417,141 0 25,216
Fomento Economico Mexicano SAB COM 344419106 13,516 153,957 SH   OTR   0 0 153,957
HDFC Bank Ltd COM 40415F101 130,036 1,238,201 SH   SOLE   1,200,515 0 37,686
HDFC Bank Ltd COM 40415F101 24,693 235,123 SH   OTR   0 0 235,123
IHS Markit LTD COM G47567105 119,220 2,310,912 SH   SOLE   2,237,315 0 73,597
IHS Markit LTD COM G47567105 24,172 468,542 SH   OTR   0 0 468,542
Infosys Ltd- SP ADR COM 456788108 131,775 6,782,063 SH   SOLE   6,561,761 0 220,302
Infosys Ltd- SP ADR COM 456788108 26,904 1,384,675 SH   OTR   0 0 1,384,675
JB Hunt Transport Services Inc COM 445658107 97,552 802,567 SH   SOLE   802,567 0 0
JB Hunt Transport Services Inc COM 445658107 11,600 95,436 SH   OTR   0 0 95,436
Lowe's Cos Inc COM 548661107 147,703 1,545,496 SH   SOLE   1,545,496 0 0
Lowe's Cos Inc COM 548661107 19,958 208,836 SH   OTR   0 0 208,836
MercadoLibre Inc COM 58733R102 52,280 174,891 SH   SOLE   164,937 0 9,954
MercadoLibre Inc COM 58733R102 18,902 63,231 SH   OTR   0 0 63,231
Microsoft Corp. COM 594918104 147,512 1,495,917 SH   SOLE   1,495,917 0 0
Microsoft Corp. COM 594918104 17,124 173,652 SH   OTR   0 0 173,652
Mondelez International Inc COM 609207105 195,955 4,779,402 SH   SOLE   4,712,183 0 67,219
Mondelez International Inc COM 609207105 38,393 936,416 SH   OTR   0 0 936,416
NIKE Inc COM 654106103 258,229 3,240,830 SH   SOLE   3,189,622 0 51,208
NIKE Inc COM 654106103 51,836 650,554 SH   OTR   0 0 650,554
New Oriental Education & Techn COM 647581107 64,087 677,019 SH   SOLE   635,900 0 41,119
New Oriental Education & Techn COM 647581107 21,593 228,111 SH   OTR   0 0 228,111
Novo Nordisk A/S COM 670100205 159,172 3,451,253 SH   SOLE   3,451,253 0 0
Novo Nordisk A/S COM 670100205 17,363 376,485 SH   OTR   0 0 376,485
Praxair Inc COM 74005P104 142,623 901,819 SH   SOLE   886,739 0 15,080
Praxair Inc COM 74005P104 27,826 175,950 SH   OTR   0 0 175,950
Red Hat Inc COM 756577102 226,756 1,687,547 SH   SOLE   1,662,387 0 25,160
Red Hat Inc COM 756577102 40,788 303,550 SH   OTR   0 0 303,550
Regeneron Pharmaceuticals COM 75886F107 301,130 872,867 SH   SOLE   862,161 0 10,706
Regeneron Pharmaceuticals COM 75886F107 47,235 136,917 SH   OTR   0 0 136,917
SAP SE-SPONSORED ADR COM 803054204 278,777 2,410,317 SH   SOLE   2,365,406 0 44,911
SAP SE-SPONSORED ADR COM 803054204 49,850 431,003 SH   OTR   0 0 431,003
Salesforce.com inc COM 79466L302 280,852 2,059,030 SH   SOLE   2,030,533 0 28,497
Salesforce.com inc COM 79466L302 45,383 332,718 SH   OTR   0 0 332,718
Sanlam Ltd - ADR COM 80104Q208 3,903 380,369 SH   SOLE   380,369 0 0
Schlumberger Ltd COM 806857108 327,441 4,884,985 SH   SOLE   4,813,010 0 71,975
Schlumberger Ltd COM 806857108 56,633 844,885 SH   OTR   0 0 844,885
Shoprite Holdings Ltd COM 82510E209 3,887 242,879 SH   SOLE   242,879 0 0
Shoprite Holdings Ltd COM 82510E209 17 1,068 SH   OTR   0 0 1,068
Starbucks Corp COM 855244109 121,579 2,488,828 SH   SOLE   2,488,828 0 0
Starbucks Corp COM 855244109 14,078 288,180 SH   OTR   0 0 288,180
TJX Companies Inc. COM 872540109 238,295 2,503,627 SH   SOLE   2,456,864 0 46,763
TJX Companies Inc. COM 872540109 46,160 484,980 SH   OTR   0 0 484,980
Tencent Holdings Ltd COM 88032Q109 7,721 153,644 SH   SOLE   153,644 0 0
Tencent Holdings Ltd COM 88032Q109 43 861 SH   OTR   0 0 861
Ulta Beauty Inc COM 90384S303 170,662 731,012 SH   SOLE   721,431 0 9,581
Ulta Beauty Inc COM 90384S303 29,776 127,542 SH   OTR   0 0 127,542
UnitedHealth Group Inc COM 91324P102 199,247 812,126 SH   SOLE   812,126 0 0
UnitedHealth Group Inc COM 91324P102 23,282 94,898 SH   OTR   0 0 94,898
Visa Inc COM 92826C839 352,664 2,662,622 SH   SOLE   2,623,166 0 39,456
Visa Inc COM 92826C839 61,240 462,366 SH   OTR   0 0 462,366
Walt Disney Co/The COM 254687106 175,731 1,676,660 SH   SOLE   1,676,660 0 0
Walt Disney Co/The COM 254687106 23,575 224,927 SH   OTR   0 0 224,927
Yum Brands COM 988498101 293,608 3,753,616 SH   SOLE   3,709,312 0 44,304
Yum Brands COM 988498101 46,819 598,549 SH   OTR   0 0 598,549