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 9,497 220,085 SH   SOLE   220,085 0 0
AIA Group Ltd-Sp ADR COM 001317205 29 682 SH   OTR   0 0 682
Abbott Labs COM 002824100 396,074 4,709,557 SH   SOLE   4,661,090 0 48,467
Abbott Labs COM 002824100 62,909 748,023 SH   OTR   0 0 748,023
Alcon Inc COM H01301128 6,407 103,261 SH   SOLE   103,261 0 0
Alcon Inc COM H01301128 3 56 SH   OTR   0 0 56
Alibaba Group Holding-Sp ADR COM 01609W102 154,112 909,481 SH   SOLE   886,955 0 22,526
Alibaba Group Holding-Sp ADR COM 01609W102 38,133 225,040 SH   OTR   0 0 225,040
Alphabet Inc CL C COM 02079K107 367,120 339,640 SH   SOLE   336,236 0 3,404
Alphabet Inc CL C COM 02079K107 56,869 52,612 SH   OTR   0 0 52,612
Amazon.com Inc COM 023135106 381,601 201,518 SH   SOLE   199,347 0 2,171
Amazon.com Inc COM 023135106 59,873 31,618 SH   OTR   0 0 31,618
Ambev Sa-ADR COM 02319V103 181 38,852 SH   SOLE   38,852 0 0
Aon PLC COM G0408V102 10,108 52,381 SH   SOLE   52,381 0 0
Aon PLC COM G0408V102 6 30 SH   OTR   0 0 30
Apple Inc COM 037833100 968 4,889 SH   SOLE   4,889 0 0
Autodesk Inc COM 052769106 370,882 2,276,744 SH   SOLE   2,254,854 0 21,890
Autodesk Inc COM 052769106 56,967 349,705 SH   OTR   0 0 349,705
Automatic Data Processing Inc COM 053015103 165,074 998,450 SH   SOLE   998,450 0 0
Automatic Data Processing Inc COM 053015103 17,352 104,953 SH   OTR   0 0 104,953
Becton Dickinson COM 075887109 180,159 714,890 SH   SOLE   714,890 0 0
Becton Dickinson COM 075887109 17,383 68,978 SH   OTR   0 0 68,978
Booking Holdings Inc COM 09857L108 220,172 117,443 SH   SOLE   116,271 0 1,172
Booking Holdings Inc COM 09857L108 33,732 17,993 SH   OTR   0 0 17,993
Ctrip.Com International-ADR COM 22943F100 40,193 1,088,939 SH   SOLE   1,031,247 0 57,692
Ctrip.Com International-ADR COM 22943F100 13,283 359,878 SH   OTR   0 0 359,878
Danaher Corp COM 235851102 116,663 816,283 SH   SOLE   816,283 0 0
Danaher Corp COM 235851102 7,724 54,042 SH   OTR   0 0 54,042
Danone-Spons ADR COM 23636T100 6,357 375,504 SH   SOLE   375,504 0 0
Danone-Spons ADR COM 23636T100 3 202 SH   OTR   0 0 202
Ecolab Inc COM 278865100 231,123 1,170,600 SH   SOLE   1,170,600 0 0
Ecolab Inc COM 278865100 21,807 110,450 SH   OTR   0 0 110,450
Equinix Inc COM 29444U700 389,403 772,181 SH   SOLE   764,687 0 7,494
Equinix Inc COM 29444U700 59,761 118,506 SH   OTR   0 0 118,506
Estee Lauder Cos Inc/The COM 518439104 202,935 1,108,266 SH   SOLE   1,108,266 0 0
Estee Lauder Cos Inc/The COM 518439104 13,248 72,350 SH   OTR   0 0 72,350
Facebook Inc COM 30303M102 145,478 753,774 SH   SOLE   753,774 0 0
Facebook Inc COM 30303M102 9,658 50,041 SH   OTR   0 0 50,041
Fast Retailing Co-Unspon ADR COM 31188H101 4,649 76,857 SH   SOLE   76,857 0 0
FleetCor Technologies Inc COM 339041105 271,333 966,115 SH   SOLE   954,361 0 11,754
FleetCor Technologies Inc COM 339041105 46,654 166,117 SH   OTR   0 0 166,117
Fomento Economico Mexicano-Sp COM 344419106 47,819 494,253 SH   SOLE   473,894 0 20,359
Fomento Economico Mexicano-Sp COM 344419106 18,900 195,347 SH   OTR   0 0 195,347
HDFC Bank Ltd-ADR COM 40415F101 170,941 1,314,528 SH   SOLE   1,279,439 0 35,089
HDFC Bank Ltd-ADR COM 40415F101 45,320 348,510 SH   OTR   0 0 348,510
Huazhu Group LTD ADR COM 44332N106 207 5,718 SH   SOLE   5,718 0 0
IHS Markit LTD COM G47567105 169,375 2,658,121 SH   SOLE   2,603,107 0 55,014
IHS Markit LTD COM G47567105 35,342 554,651 SH   OTR   0 0 554,651
Infosys Ltd-Sp ADR COM 456788108 42,423 3,964,799 SH   SOLE   3,777,113 0 187,686
Infosys Ltd-Sp ADR COM 456788108 19,978 1,867,133 SH   OTR   0 0 1,867,133
Intuit Inc COM 461202103 199,533 763,529 SH   SOLE   763,529 0 0
Intuit Inc COM 461202103 13,385 51,217 SH   OTR   0 0 51,217
Linde PLC COM G5494J103 270,263 1,345,932 SH   SOLE   1,329,001 0 16,931
Linde PLC COM G5494J103 48,575 241,906 SH   OTR   0 0 241,906
Lowe's Cos Inc COM 548661107 121,802 1,207,033 SH   SOLE   1,207,033 0 0
Lowe's Cos Inc COM 548661107 8,015 79,428 SH   OTR   0 0 79,428
MercadoLibre Inc COM 58733R102 55,276 90,354 SH   SOLE   86,422 0 3,932
MercadoLibre Inc COM 58733R102 23,762 38,842 SH   OTR   0 0 38,842
Microsoft Corp. COM 594918104 385,891 2,880,640 SH   SOLE   2,855,798 0 24,842
Microsoft Corp. COM 594918104 56,743 423,582 SH   OTR   0 0 423,582
Mondelez International Inc COM 609207105 248,547 4,611,268 SH   SOLE   4,544,049 0 67,219
Mondelez International Inc COM 609207105 45,589 845,806 SH   OTR   0 0 845,806
NIKE Inc COM 654106103 255,524 3,043,763 SH   SOLE   3,010,281 0 33,482
NIKE Inc COM 654106103 48,188 574,007 SH   OTR   0 0 574,007
Nestle SA-Spons ADR COM 641069406 7,870 76,114 SH   SOLE   76,114 0 0
Nestle SA-Spons ADR COM 641069406 5 49 SH   OTR   0 0 49
New Oriental Education-Sp ADR COM 647581107 152,092 1,574,775 SH   SOLE   1,538,218 0 36,557
New Oriental Education-Sp ADR COM 647581107 35,401 366,548 SH   OTR   0 0 366,548
Novo-Nordisk A/S-Spons ADR COM 670100205 173,933 3,407,783 SH   SOLE   3,407,783 0 0
Novo-Nordisk A/S-Spons ADR COM 670100205 11,220 219,832 SH   OTR   0 0 219,832
PayPal Holdings Inc COM 70450Y103 174,707 1,526,355 SH   SOLE   1,526,355 0 0
PayPal Holdings Inc COM 70450Y103 16,818 146,930 SH   OTR   0 0 146,930
Regeneron Pharmaceuticals COM 75886F107 194,813 622,405 SH   SOLE   614,508 0 7,897
Regeneron Pharmaceuticals COM 75886F107 34,576 110,466 SH   OTR   0 0 110,466
SAP SE-Sponsored ADR COM 803054204 158,494 1,158,583 SH   SOLE   1,131,229 0 27,354
SAP SE-Sponsored ADR COM 803054204 36,848 269,355 SH   OTR   0 0 269,355
Salesforce.com inc COM 79466L302 354,306 2,335,110 SH   SOLE   2,315,199 0 19,911
Salesforce.com inc COM 79466L302 50,519 332,956 SH   OTR   0 0 332,956
Sanlam Ltd-Sponsored ADR COM 80104Q208 4,177 377,634 SH   SOLE   377,634 0 0
Sanlam Ltd-Sponsored ADR COM 80104Q208 2 189 SH   OTR   0 0 189
Shoprite Holdings Ltd-Sponsore COM 82510E209 4,138 372,082 SH   SOLE   372,082 0 0
Shoprite Holdings Ltd-Sponsore COM 82510E209 12 1,068 SH   OTR   0 0 1,068
TJX Companies Inc. COM 872540109 263,003 4,973,574 SH   SOLE   4,919,926 0 53,648
TJX Companies Inc. COM 872540109 42,757 808,575 SH   OTR   0 0 808,575
Tencent Holdings Ltd-Unsponsor COM 88032Q109 8,597 189,952 SH   SOLE   189,952 0 0
Tencent Holdings Ltd-Unsponsor COM 88032Q109 42 937 SH   OTR   0 0 937
UnitedHealth Group Inc COM 91324P102 223,155 914,534 SH   SOLE   914,534 0 0
UnitedHealth Group Inc COM 91324P102 14,807 60,683 SH   OTR   0 0 60,683
Visa Inc COM 92826C839 434,595 2,504,146 SH   SOLE   2,476,719 0 27,427
Visa Inc COM 92826C839 72,554 418,059 SH   OTR   0 0 418,059
Walt Disney Co/The COM 254687106 222,565 1,593,848 SH   SOLE   1,593,848 0 0
Walt Disney Co/The COM 254687106 22,087 158,169 SH   OTR   0 0 158,169
Yum Brands COM 988498101 434,956 3,930,206 SH   SOLE   3,893,844 0 36,362
Yum Brands COM 988498101 65,861 595,115 SH   OTR   0 0 595,115