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
ALPHABET INC CAP STK CL A 02079K305 53,435 51,136 SH   SOLE   51,136 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 22,558 172,042 SH   SOLE   172,042 0 0
BOOKING HLDGS INC COM 09857L108 37,631 21,848 SH   SOLE   21,848 0 0
CME GROUP INC COM CL A 12572Q105 40,059 212,945 SH   SOLE   212,945 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 23,529 370,655 SH   SOLE   370,655 0 0
COLGATE PALMOLIVE CO COM 194162103 27,119 455,627 SH   SOLE   455,627 0 0
CREDICORP LTD COM G2519Y108 2,975 13,420 SH   SOLE   13,420 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 2,422 89,510 SH   SOLE   89,510 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 3,061 29,550 SH   SOLE   29,550 0 0
ILLUMINA INC COM 452327109 18,810 62,715 SH   SOLE   62,715 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1,235 9,200 SH   SOLE   9,200 0 0
IPG PHOTONICS CORP COM 44980X109 1,432 12,638 SH   SOLE   12,638 0 0
MARKETAXESS HLDGS INC COM 57060D108 27,242 128,918 SH   SOLE   128,918 0 0
MASTERCARD INCORPORATED CL A 57636Q104 64,715 343,042 SH   SOLE   343,042 0 0
MERCADOLIBRE INC COM 58733R102 4,188 14,300 SH   SOLE   14,300 0 0
MOODYS CORP COM 615369105 19,948 142,442 SH   SOLE   142,442 0 0
NIKE INC CL B 654106103 27,433 370,017 SH   SOLE   370,017 0 0
NOVO-NORDISK A S ADR 670100205 1,490 32,345 SH   SOLE   32,345 0 0
STRYKER CORP COM 863667101 20,625 131,582 SH   SOLE   131,582 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 4,276 115,844 SH   SOLE   115,844 0 0
TIFFANY & CO NEW COM 886547108 14,145 175,687 SH   SOLE   175,687 0 0
ULTA BEAUTY INC COM 90384S303 23,374 95,465 SH   SOLE   95,465 0 0
UNITEDHEALTH GROUP INC COM 91324P102 49,337 198,047 SH   SOLE   198,047 0 0
YUM CHINA HLDGS INC COM 98850P109 21,458 639,978 SH   SOLE   639,978 0 0