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
AIA Group Ltd COM 001317205 7,895 221,780 SH   SOLE   221,780 0 0
AIA Group Ltd COM 001317205 19 528 SH   OTR   0 0 528
Abbott Labs COM 002824100 119,178 1,624,560 SH   SOLE   1,624,560 0 0
Abbott Labs COM 002824100 11,005 150,012 SH   OTR   0 0 150,012
Alibaba Group Holding Ltd COM 01609W102 51,884 314,909 SH   SOLE   303,128 0 11,781
Alibaba Group Holding Ltd COM 01609W102 18,132 110,053 SH   OTR   0 0 110,053
Alliance Data Systems Corp COM 018581108 152,229 644,601 SH   SOLE   644,601 0 0
Alliance Data Systems Corp COM 018581108 14,380 60,890 SH   OTR   0 0 60,890
Alphabet Inc CL C COM 02079K107 292,640 245,201 SH   SOLE   242,766 0 2,435
Alphabet Inc CL C COM 02079K107 42,766 35,833 SH   OTR   0 0 35,833
Amazon.com Inc COM 023135106 351,192 175,333 SH   SOLE   173,744 0 1,589
Amazon.com Inc COM 023135106 46,566 23,248 SH   OTR   0 0 23,248
Apple Inc COM 037833100 2,603 11,530 SH   SOLE   11,530 0 0
Autodesk Inc COM 052769106 365,333 2,340,228 SH   SOLE   2,318,422 0 21,806
Autodesk Inc COM 052769106 49,008 313,933 SH   OTR   0 0 313,933
Automatic Data Processing Inc COM 053015103 180,636 1,198,963 SH   SOLE   1,198,963 0 0
Automatic Data Processing Inc COM 053015103 19,011 126,185 SH   OTR   0 0 126,185
Becton Dickinson COM 075887109 172,866 662,323 SH   SOLE   662,323 0 0
Becton Dickinson COM 075887109 14,916 57,150 SH   OTR   0 0 57,150
Booking Holdings Inc COM 09857L108 192,956 97,256 SH   SOLE   96,297 0 959
Booking Holdings Inc COM 09857L108 27,927 14,076 SH   OTR   0 0 14,076
CTrip.com International Ltd COM 22943F100 46,973 1,263,736 SH   SOLE   1,206,044 0 57,692
CTrip.com International Ltd COM 22943F100 15,369 413,471 SH   OTR   0 0 413,471
Danone SA COM 23636T100 8,061 521,213 SH   SOLE   521,213 0 0
Danone SA COM 23636T100 6 385 SH   OTR   0 0 385
Ecolab Inc COM 278865100 226,339 1,443,674 SH   SOLE   1,443,674 0 0
Ecolab Inc COM 278865100 24,120 153,849 SH   OTR   0 0 153,849
Equinix Inc COM 29444U700 351,013 810,859 SH   SOLE   804,207 0 6,652
Equinix Inc COM 29444U700 46,684 107,843 SH   OTR   0 0 107,843
Estee Lauder Cos Inc/The COM 518439104 162,843 1,120,583 SH   SOLE   1,120,583 0 0
Estee Lauder Cos Inc/The COM 518439104 15,067 103,683 SH   OTR   0 0 103,683
Facebook Inc COM 30303M102 1,699 10,330 SH   SOLE   10,330 0 0
Facebook Inc COM 30303M102 37 222 SH   OTR   0 0 222
Fast Retailing Co -Unspon ADR COM 31188H101 6,307 124,559 SH   SOLE   124,559 0 0
FleetCor Technologies Inc COM 339041105 367,028 1,610,904 SH   SOLE   1,597,688 0 13,216
FleetCor Technologies Inc COM 339041105 47,818 209,874 SH   OTR   0 0 209,874
Fomento Economico Mexicano SAB COM 344419106 43,364 438,152 SH   SOLE   417,793 0 20,359
Fomento Economico Mexicano SAB COM 344419106 13,840 139,837 SH   OTR   0 0 139,837
HDFC Bank Ltd COM 40415F101 127,390 1,353,770 SH   SOLE   1,323,166 0 30,604
HDFC Bank Ltd COM 40415F101 20,372 216,498 SH   OTR   0 0 216,498
IHS Markit LTD COM G47567105 131,043 2,428,514 SH   SOLE   2,373,500 0 55,014
IHS Markit LTD COM G47567105 22,674 420,197 SH   OTR   0 0 420,197
Infosys Ltd- SP ADR COM 456788108 99,277 9,761,738 SH   SOLE   9,574,052 0 187,686
Infosys Ltd- SP ADR COM 456788108 13,772 1,354,177 SH   OTR   0 0 1,354,177
JB Hunt Transport Services Inc COM 445658107 95,026 798,940 SH   SOLE   798,940 0 0
JB Hunt Transport Services Inc COM 445658107 9,376 78,833 SH   OTR   0 0 78,833
Lowe's Cos Inc COM 548661107 178,610 1,555,561 SH   SOLE   1,555,561 0 0
Lowe's Cos Inc COM 548661107 19,799 172,431 SH   OTR   0 0 172,431
MercadoLibre Inc COM 58733R102 51,944 152,565 SH   SOLE   146,128 0 6,437
MercadoLibre Inc COM 58733R102 16,211 47,613 SH   OTR   0 0 47,613
Microsoft Corp. COM 594918104 195,889 1,712,764 SH   SOLE   1,712,764 0 0
Microsoft Corp. COM 594918104 18,073 158,019 SH   OTR   0 0 158,019
Mondelez International Inc COM 609207105 220,397 5,130,279 SH   SOLE   5,063,060 0 67,219
Mondelez International Inc COM 609207105 34,439 801,651 SH   OTR   0 0 801,651
NIKE Inc COM 654106103 271,982 3,210,361 SH   SOLE   3,176,879 0 33,482
NIKE Inc COM 654106103 43,470 513,105 SH   OTR   0 0 513,105
Nestle SA COM 641069406 5,302 63,730 SH   SOLE   63,730 0 0
New Oriental Education & Techn COM 647581107 66,005 891,843 SH   SOLE   853,076 0 38,767
New Oriental Education & Techn COM 647581107 21,339 288,322 SH   OTR   0 0 288,322
Novo Nordisk A/S COM 670100205 164,186 3,482,947 SH   SOLE   3,482,947 0 0
Novo Nordisk A/S COM 670100205 14,518 307,981 SH   OTR   0 0 307,981
Praxair Inc COM 74005P104 189,421 1,178,506 SH   SOLE   1,166,878 0 11,628
Praxair Inc COM 74005P104 27,487 171,012 SH   OTR   0 0 171,012
Red Hat Inc COM 756577102 261,051 1,915,549 SH   SOLE   1,895,938 0 19,611
Red Hat Inc COM 756577102 41,732 306,223 SH   OTR   0 0 306,223
Regeneron Pharmaceuticals COM 75886F107 356,432 882,171 SH   SOLE   874,274 0 7,897
Regeneron Pharmaceuticals COM 75886F107 45,885 113,566 SH   OTR   0 0 113,566
SAP SE-SPONSORED ADR COM 803054204 143,794 1,169,056 SH   SOLE   1,135,904 0 33,152
SAP SE-SPONSORED ADR COM 803054204 28,908 235,021 SH   OTR   0 0 235,021
Salesforce.com inc COM 79466L302 327,409 2,058,789 SH   SOLE   2,039,105 0 19,684
Salesforce.com inc COM 79466L302 41,469 260,765 SH   OTR   0 0 260,765
Sanlam Ltd - ADR COM 80104Q208 4,294 380,369 SH   SOLE   380,369 0 0
Schlumberger Ltd COM 806857108 333,212 5,469,669 SH   SOLE   5,411,730 0 57,939
Schlumberger Ltd COM 806857108 46,821 768,562 SH   OTR   0 0 768,562
Shoprite Holdings Ltd COM 82510E209 3,301 242,952 SH   SOLE   242,952 0 0
Shoprite Holdings Ltd COM 82510E209 15 1,068 SH   OTR   0 0 1,068
TJX Companies Inc. COM 872540109 271,763 2,426,026 SH   SOLE   2,399,202 0 26,824
TJX Companies Inc. COM 872540109 39,503 352,642 SH   OTR   0 0 352,642
Tencent Holdings Ltd COM 88032Q109 7,298 178,694 SH   SOLE   178,694 0 0
Tencent Holdings Ltd COM 88032Q109 35 861 SH   OTR   0 0 861
Ulta Beauty Inc COM 90384S303 115,921 410,891 SH   SOLE   410,891 0 0
Ulta Beauty Inc COM 90384S303 10,691 37,896 SH   OTR   0 0 37,896
UnitedHealth Group Inc COM 91324P102 219,814 826,243 SH   SOLE   826,243 0 0
UnitedHealth Group Inc COM 91324P102 19,569 73,557 SH   OTR   0 0 73,557
Visa Inc COM 92826C839 403,465 2,688,152 SH   SOLE   2,660,725 0 27,427
Visa Inc COM 92826C839 56,120 373,911 SH   OTR   0 0 373,911
Walt Disney Co/The COM 254687106 197,648 1,690,166 SH   SOLE   1,690,166 0 0
Walt Disney Co/The COM 254687106 21,907 187,336 SH   OTR   0 0 187,336
Yum Brands COM 988498101 379,463 4,174,049 SH   SOLE   4,137,687 0 36,362
Yum Brands COM 988498101 47,248 519,727 SH   OTR   0 0 519,727