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
AUTOZONE INC COM 053332102 245,883 144,808 SH   SOLE   144,808 0 0
ANHEUSER-BUSCH INBEV-SPN ADR SPONSORED ADR 03524A108 434,781 7,711,619 SH   SOLE   7,711,619 0 0
COCA-COLA CO/THE COM 191216100 227,651 4,338,680 SH   SOLE   4,338,680 0 0
S&P GLOBAL INC COM 78409V104 138,393 325,715 SH   SOLE   325,715 0 0
MOODY'S CORP COM 615369105 181,441 510,944 SH   SOLE   510,944 0 0
EXPEDITORS INTL WASH INC COM 302130109 116,268 975,976 SH   SOLE   975,976 0 0
OTIS WORLDWIDE CORP COM 68902V107 473,632 5,756,342 SH   SOLE   5,756,342 0 0
AUTOMATIC DATA PROCESSING COM 053015103 150,117 750,886 SH   SOLE   750,886 0 0
YUM CHINA HOLDINGS INC COM 98850P109 230,611 3,968,525 SH   SOLE   3,968,525 0 0
MASTERCARD INC - A COM CL A 57636Q104 121,690 350,007 SH   SOLE   350,007 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 112,280 504,061 SH   SOLE   504,061 0 0
PROCTER & GAMBLE CO/THE COM 742718109 108,833 778,491 SH   SOLE   778,491 0 0