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 82,885 40,539 SH   SOLE   40,539 0 0
ANHEUSER-BUSCH INBEV-SPN ADR SPONSORED ADR 03524A108 365,651 6,088,091 SH   SOLE   6,088,091 0 0
COCA-COLA CO/THE COM 191216100 124,327 2,005,282 SH   SOLE   2,005,282 0 0
S&P GLOBAL INC COM 78409V104 162,745 396,765 SH   SOLE   396,765 0 0
MOODY'S CORP COM 615369105 202,704 600,764 SH   SOLE   600,764 0 0
EXPEDITORS INTL WASH INC COM 302130109 190,333 1,845,028 SH   SOLE   1,845,028 0 0
OTIS WORLDWIDE CORP COM 68902V107 482,709 6,273,027 SH   SOLE   6,273,027 0 0
AUTOMATIC DATA PROCESSING COM 053015103 263,032 1,155,980 SH   SOLE   1,155,980 0 0
YUM CHINA HOLDINGS INC COM 98850P109 257,886 6,208,127 SH   SOLE   6,208,127 0 0
MASTERCARD INC - A COM CL A 57636Q104 226,297 633,212 SH   SOLE   633,212 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 205,137 925,000 SH   SOLE   925,000 0 0
STARBUCKS CORP COM 855244109 176,096 1,935,763 SH   SOLE   1,935,763 0 0