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

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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
AUTOZONE INC COM 053332102 52,118 24,861 SH   SOLE   24,861 0 0
ANHEUSER-BUSCH INBEV-SPN ADR SPONSORED ADR 03524A108 456,260 7,535,266 SH   SOLE   7,535,266 0 0
COCA-COLA CO/THE COM 191216100 216,197 3,651,355 SH   SOLE   3,651,355 0 0
S&P GLOBAL INC COM 78409V104 157,124 332,940 SH   SOLE   332,940 0 0
MOODY'S CORP COM 615369105 202,972 519,669 SH   SOLE   519,669 0 0
EXPEDITORS INTL WASH INC COM 302130109 122,019 908,626 SH   SOLE   908,626 0 0
OTIS WORLDWIDE CORP COM 68902V107 551,509 6,334,092 SH   SOLE   6,334,092 0 0
AUTOMATIC DATA PROCESSING COM 053015103 190,406 772,186 SH   SOLE   772,186 0 0
YUM CHINA HOLDINGS INC COM 98850P109 279,942 5,616,812 SH   SOLE   5,616,812 0 0
MASTERCARD INC - A COM CL A 57636Q104 233,269 649,197 SH   SOLE   649,197 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 209,358 966,075 SH   SOLE   966,075 0 0
PROCTER & GAMBLE CO/THE COM 742718109 121,203 740,941 SH   SOLE   740,941 0 0