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-Sp ADR COM 001317205 8,813 220,124 SH   SOLE   220,124 0 0
AIA Group Ltd-Sp ADR COM 001317205 27 662 SH   OTR   0 0 662
Abbott Labs COM 002824100 366,401 4,583,453 SH   SOLE   4,537,550 0 45,903
Abbott Labs COM 002824100 59,503 744,350 SH   OTR   0 0 744,350
Alibaba Group Holding-Sp ADR COM 01609W102 135,726 743,908 SH   SOLE   724,612 0 19,296
Alibaba Group Holding-Sp ADR COM 01609W102 34,632 189,816 SH   OTR   0 0 189,816
Alphabet Inc CL C COM 02079K107 288,260 245,681 SH   SOLE   242,720 0 2,961
Alphabet Inc CL C COM 02079K107 54,520 46,467 SH   OTR   0 0 46,467
Amazon.com Inc COM 023135106 356,898 200,420 SH   SOLE   198,249 0 2,171
Amazon.com Inc COM 023135106 56,460 31,706 SH   OTR   0 0 31,706
Apple Inc COM 037833100 2,190 11,530 SH   SOLE   11,530 0 0
Autodesk Inc COM 052769106 347,789 2,231,992 SH   SOLE   2,210,102 0 21,890
Autodesk Inc COM 052769106 54,644 350,685 SH   OTR   0 0 350,685
Automatic Data Processing Inc COM 053015103 170,735 1,068,832 SH   SOLE   1,068,832 0 0
Automatic Data Processing Inc COM 053015103 17,401 108,931 SH   OTR   0 0 108,931
Becton Dickinson COM 075887109 177,343 710,137 SH   SOLE   710,137 0 0
Becton Dickinson COM 075887109 13,334 53,394 SH   OTR   0 0 53,394
Booking Holdings Inc COM 09857L108 195,852 112,242 SH   SOLE   111,283 0 959
Booking Holdings Inc COM 09857L108 28,699 16,447 SH   OTR   0 0 16,447
Ctrip.Com International-ADR COM 22943F100 37,396 855,948 SH   SOLE   798,256 0 57,692
Ctrip.Com International-ADR COM 22943F100 15,908 364,100 SH   OTR   0 0 364,100
Danone-Spons ADR COM 23636T100 5,789 376,127 SH   SOLE   376,127 0 0
Danone-Spons ADR COM 23636T100 3 202 SH   OTR   0 0 202
Ecolab Inc COM 278865100 241,465 1,367,762 SH   SOLE   1,367,762 0 0
Ecolab Inc COM 278865100 23,156 131,167 SH   OTR   0 0 131,167
Equinix Inc COM 29444U700 375,370 828,338 SH   SOLE   820,185 0 8,153
Equinix Inc COM 29444U700 57,868 127,698 SH   OTR   0 0 127,698
Estee Lauder Cos Inc/The COM 518439104 193,720 1,170,162 SH   SOLE   1,170,162 0 0
Estee Lauder Cos Inc/The COM 518439104 13,460 81,307 SH   OTR   0 0 81,307
Facebook Inc COM 30303M102 141,450 848,582 SH   SOLE   848,582 0 0
Facebook Inc COM 30303M102 10,517 63,093 SH   OTR   0 0 63,093
Fast Retailing Co-Unspon ADR COM 31188H101 5,124 109,138 SH   SOLE   109,138 0 0
FleetCor Technologies Inc COM 339041105 333,177 1,351,138 SH   SOLE   1,338,582 0 12,556
FleetCor Technologies Inc COM 339041105 49,955 202,582 SH   OTR   0 0 202,582
Fomento Economico Mexicano-Sp COM 344419106 36,161 391,861 SH   SOLE   371,502 0 20,359
Fomento Economico Mexicano-Sp COM 344419106 17,566 190,360 SH   OTR   0 0 190,360
HDFC Bank Ltd-ADR COM 40415F101 144,316 1,245,069 SH   SOLE   1,209,980 0 35,089
HDFC Bank Ltd-ADR COM 40415F101 40,541 349,760 SH   OTR   0 0 349,760
IHS Markit LTD COM G47567105 134,093 2,465,843 SH   SOLE   2,410,829 0 55,014
IHS Markit LTD COM G47567105 29,593 544,197 SH   OTR   0 0 544,197
Infosys Ltd-Sp ADR COM 456788108 39,443 3,608,704 SH   SOLE   3,421,018 0 187,686
Infosys Ltd-Sp ADR COM 456788108 19,699 1,802,244 SH   OTR   0 0 1,802,244
Intuit Inc COM 461202103 181,140 692,936 SH   SOLE   692,936 0 0
Intuit Inc COM 461202103 13,368 51,139 SH   OTR   0 0 51,139
Linde PLC COM G5494J103 224,685 1,277,128 SH   SOLE   1,260,197 0 16,931
Linde PLC COM G5494J103 43,293 246,078 SH   OTR   0 0 246,078
Lowe's Cos Inc COM 548661107 139,286 1,272,369 SH   SOLE   1,272,369 0 0
Lowe's Cos Inc COM 548661107 10,235 93,500 SH   OTR   0 0 93,500
MercadoLibre Inc COM 58733R102 52,431 103,266 SH   SOLE   97,911 0 5,355
MercadoLibre Inc COM 58733R102 25,481 50,187 SH   OTR   0 0 50,187
Microsoft Corp. COM 594918104 254,616 2,158,863 SH   SOLE   2,140,858 0 18,005
Microsoft Corp. COM 594918104 42,264 358,354 SH   OTR   0 0 358,354
Mondelez International Inc COM 609207105 234,934 4,706,219 SH   SOLE   4,639,000 0 67,219
Mondelez International Inc COM 609207105 43,263 866,643 SH   OTR   0 0 866,643
NIKE Inc COM 654106103 247,210 2,935,634 SH   SOLE   2,902,152 0 33,482
NIKE Inc COM 654106103 46,936 557,367 SH   OTR   0 0 557,367
Nestle SA-Spons ADR COM 641069406 7,255 76,114 SH   SOLE   76,114 0 0
Nestle SA-Spons ADR COM 641069406 4 44 SH   OTR   0 0 44
New Oriental Education-Sp ADR COM 647581107 138,623 1,538,720 SH   SOLE   1,502,163 0 36,557
New Oriental Education-Sp ADR COM 647581107 32,544 361,236 SH   OTR   0 0 361,236
Novo-Nordisk A/S-Spons ADR COM 670100205 173,584 3,318,370 SH   SOLE   3,318,370 0 0
Novo-Nordisk A/S-Spons ADR COM 670100205 11,499 219,832 SH   OTR   0 0 219,832
PayPal Holdings Inc COM 70450Y103 161,307 1,553,415 SH   SOLE   1,553,415 0 0
PayPal Holdings Inc COM 70450Y103 11,637 112,062 SH   OTR   0 0 112,062
Regeneron Pharmaceuticals COM 75886F107 327,487 797,543 SH   SOLE   789,646 0 7,897
Regeneron Pharmaceuticals COM 75886F107 50,457 122,879 SH   OTR   0 0 122,879
SAP SE-Sponsored ADR COM 803054204 125,627 1,088,054 SH   SOLE   1,060,700 0 27,354
SAP SE-Sponsored ADR COM 803054204 30,967 268,203 SH   OTR   0 0 268,203
Salesforce.com inc COM 79466L302 308,864 1,950,269 SH   SOLE   1,932,529 0 17,740
Salesforce.com inc COM 79466L302 46,293 292,306 SH   OTR   0 0 292,306
Sanlam Ltd-Sponsored ADR COM 80104Q208 3,858 377,634 SH   SOLE   377,634 0 0
Sanlam Ltd-Sponsored ADR COM 80104Q208 2 160 SH   OTR   0 0 160
Shoprite Holdings Ltd-Sponsore COM 82510E209 3,702 333,992 SH   SOLE   333,992 0 0
Shoprite Holdings Ltd-Sponsore COM 82510E209 12 1,068 SH   OTR   0 0 1,068
TJX Companies Inc. COM 872540109 234,013 4,397,922 SH   SOLE   4,344,274 0 53,648
TJX Companies Inc. COM 872540109 40,157 754,693 SH   OTR   0 0 754,693
Tencent Holdings Ltd-Unsponsor COM 88032Q109 8,177 177,833 SH   SOLE   177,833 0 0
Tencent Holdings Ltd-Unsponsor COM 88032Q109 43 927 SH   OTR   0 0 927
Ulta Beauty Inc COM 90384S303 119,048 341,377 SH   SOLE   341,377 0 0
Ulta Beauty Inc COM 90384S303 8,522 24,437 SH   OTR   0 0 24,437
UnitedHealth Group Inc COM 91324P102 181,228 732,945 SH   SOLE   732,945 0 0
UnitedHealth Group Inc COM 91324P102 13,030 52,699 SH   OTR   0 0 52,699
Visa Inc COM 92826C839 387,487 2,480,867 SH   SOLE   2,453,440 0 27,427
Visa Inc COM 92826C839 64,999 416,154 SH   OTR   0 0 416,154
Walt Disney Co/The COM 254687106 181,914 1,638,423 SH   SOLE   1,638,423 0 0
Walt Disney Co/The COM 254687106 18,980 170,948 SH   OTR   0 0 170,948
Yum Brands COM 988498101 390,597 3,913,408 SH   SOLE   3,877,046 0 36,362
Yum Brands COM 988498101 59,257 593,699 SH   OTR   0 0 593,699