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
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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
AIA Group Ltd COM 001317205 6,766 196,763 SH   SOLE   196,763 0 0
AIA Group Ltd COM 001317205 18 528 SH   OTR   0 0 528
Alibaba Group Holding Ltd COM 01609W102 1,933 10,532 SH   SOLE   10,532 0 0
Alibaba Group Holding Ltd COM 01609W102 17 94 SH   OTR   0 0 94
Alliance Data Systems Corp COM 018581108 136,988 643,559 SH   SOLE   643,559 0 0
Alliance Data Systems Corp COM 018581108 6,855 32,206 SH   OTR   0 0 32,206
Alphabet Inc CL C COM 02079K107 259,759 251,756 SH   SOLE   248,478 0 3,278
Alphabet Inc CL C COM 02079K107 43,884 42,532 SH   OTR   0 0 42,532
Amazon.com Inc COM 023135106 324,718 224,355 SH   SOLE   221,391 0 2,964
Amazon.com Inc COM 023135106 55,863 38,597 SH   OTR   0 0 38,597
Apple Inc COM 037833100 1,935 11,530 SH   SOLE   11,530 0 0
Autodesk Inc COM 052769106 313,336 2,495,111 SH   SOLE   2,464,012 0 31,099
Autodesk Inc COM 052769106 52,644 419,210 SH   OTR   0 0 419,210
Automatic Data Processing Inc COM 053015103 158,965 1,400,820 SH   SOLE   1,400,820 0 0
Automatic Data Processing Inc COM 053015103 10,460 92,176 SH   OTR   0 0 92,176
Becton Dickinson COM 075887109 158,690 732,305 SH   SOLE   732,305 0 0
Becton Dickinson COM 075887109 7,592 35,035 SH   OTR   0 0 35,035
Booking Holdings Inc COM 09857L108 255,838 122,976 SH   SOLE   121,710 0 1,266
Booking Holdings Inc COM 09857L108 37,120 17,843 SH   OTR   0 0 17,843
CTrip.com International Ltd COM 22943F100 39,593 849,267 SH   SOLE   797,293 0 51,974
CTrip.com International Ltd COM 22943F100 22,989 493,124 SH   OTR   0 0 493,124
Cerner Corp COM 156782104 3,272 56,411 SH   SOLE   56,411 0 0
Cerner Corp COM 156782104 2,025 34,922 SH   OTR   0 0 34,922
Core Laboratories NV COM N22717107 91,809 848,354 SH   SOLE   828,109 0 20,245
Core Laboratories NV COM N22717107 11,570 106,909 SH   OTR   0 0 106,909
Danone SA COM 23636T100 6,085 374,229 SH   SOLE   374,229 0 0
Danone SA COM 23636T100 6 385 SH   OTR   0 0 385
Ecolab Inc COM 278865100 215,541 1,572,490 SH   SOLE   1,572,490 0 0
Ecolab Inc COM 278865100 13,532 98,720 SH   OTR   0 0 98,720
Equinix Inc COM 29444U700 262,871 628,667 SH   SOLE   619,495 0 9,172
Equinix Inc COM 29444U700 41,449 99,126 SH   OTR   0 0 99,126
Facebook Inc COM 30303M102 107,235 671,097 SH   SOLE   671,097 0 0
Facebook Inc COM 30303M102 4,954 31,006 SH   OTR   0 0 31,006
Fast Retailing Co -Unspon ADR COM 31188H101 4,706 117,189 SH   SOLE   117,189 0 0
FleetCor Technologies Inc COM 339041105 335,860 1,658,569 SH   SOLE   1,639,974 0 18,595
FleetCor Technologies Inc COM 339041105 50,458 249,177 SH   OTR   0 0 249,177
Fomento Economico Mexicano SAB COM 344419106 37,423 409,310 SH   SOLE   384,094 0 25,216
Fomento Economico Mexicano SAB COM 344419106 22,728 248,581 SH   OTR   0 0 248,581
HDFC Bank Ltd COM 40415F101 119,057 1,205,398 SH   SOLE   1,167,712 0 37,686
HDFC Bank Ltd COM 40415F101 37,174 376,371 SH   OTR   0 0 376,371
IHS Markit LTD COM G47567105 108,742 2,254,197 SH   SOLE   2,180,600 0 73,597
IHS Markit LTD COM G47567105 36,180 750,004 SH   OTR   0 0 750,004
Infosys Ltd- SP ADR COM 456788108 118,087 6,615,522 SH   SOLE   6,395,220 0 220,302
Infosys Ltd- SP ADR COM 456788108 39,150 2,193,295 SH   OTR   0 0 2,193,295
JB Hunt Transport Services Inc COM 445658107 160,531 1,370,306 SH   SOLE   1,370,306 0 0
JB Hunt Transport Services Inc COM 445658107 8,115 69,273 SH   OTR   0 0 69,273
Lowe's Cos Inc COM 548661107 145,711 1,660,523 SH   SOLE   1,660,523 0 0
Lowe's Cos Inc COM 548661107 9,995 113,906 SH   OTR   0 0 113,906
MercadoLibre Inc COM 58733R102 37,482 105,171 SH   SOLE   98,799 0 6,372
MercadoLibre Inc COM 58733R102 18,867 52,940 SH   OTR   0 0 52,940
Mondelez International Inc COM 609207105 202,693 4,857,246 SH   SOLE   4,790,027 0 67,219
Mondelez International Inc COM 609207105 42,442 1,017,064 SH   OTR   0 0 1,017,064
NIKE Inc COM 654106103 251,246 3,781,543 SH   SOLE   3,726,223 0 55,320
NIKE Inc COM 654106103 50,664 762,557 SH   OTR   0 0 762,557
New Oriental Education & Techn COM 647581107 57,459 655,547 SH   SOLE   614,428 0 41,119
New Oriental Education & Techn COM 647581107 31,834 363,192 SH   OTR   0 0 363,192
Novo Nordisk A/S COM 670100205 185,183 3,760,053 SH   SOLE   3,760,053 0 0
Novo Nordisk A/S COM 670100205 8,759 177,840 SH   OTR   0 0 177,840
Praxair Inc COM 74005P104 134,275 930,527 SH   SOLE   915,447 0 15,080
Praxair Inc COM 74005P104 27,875 193,174 SH   OTR   0 0 193,174
Red Hat Inc COM 756577102 220,104 1,472,170 SH   SOLE   1,447,759 0 24,411
Red Hat Inc COM 756577102 45,120 301,788 SH   OTR   0 0 301,788
Regeneron Pharmaceuticals COM 75886F107 310,760 902,428 SH   SOLE   891,722 0 10,706
Regeneron Pharmaceuticals COM 75886F107 49,409 143,482 SH   OTR   0 0 143,482
SAP SE-SPONSORED ADR COM 803054204 270,775 2,574,884 SH   SOLE   2,529,973 0 44,911
SAP SE-SPONSORED ADR COM 803054204 55,168 524,606 SH   OTR   0 0 524,606
Salesforce.com inc COM 79466L302 299,315 2,573,643 SH   SOLE   2,543,403 0 30,240
Salesforce.com inc COM 79466L302 47,669 409,878 SH   OTR   0 0 409,878
Sanlam Ltd - ADR COM 80104Q208 2,816 192,337 SH   SOLE   192,337 0 0
Schlumberger Ltd COM 806857108 264,990 4,090,615 SH   SOLE   4,038,729 0 51,886
Schlumberger Ltd COM 806857108 52,117 804,529 SH   OTR   0 0 804,529
Shoprite Holdings Ltd COM 82510E209 3,864 178,280 SH   SOLE   178,280 0 0
Shoprite Holdings Ltd COM 82510E209 23 1,068 SH   OTR   0 0 1,068
Starbucks Corp COM 855244109 163,136 2,818,029 SH   SOLE   2,818,029 0 0
Starbucks Corp COM 855244109 7,710 133,188 SH   OTR   0 0 133,188
TJX Companies Inc. COM 872540109 231,569 2,839,246 SH   SOLE   2,792,483 0 46,763
TJX Companies Inc. COM 872540109 46,496 570,084 SH   OTR   0 0 570,084
Tencent Holdings Ltd COM 88032Q109 6,403 120,158 SH   SOLE   120,158 0 0
Tencent Holdings Ltd COM 88032Q109 46 861 SH   OTR   0 0 861
Ulta Beauty Inc COM 90384S303 190,719 933,660 SH   SOLE   922,795 0 10,865
Ulta Beauty Inc COM 90384S303 29,570 144,758 SH   OTR   0 0 144,758
UnitedHealth Group Inc COM 91324P102 201,697 942,509 SH   SOLE   942,509 0 0
UnitedHealth Group Inc COM 91324P102 9,613 44,920 SH   OTR   0 0 44,920
Visa Inc COM 92826C839 345,054 2,884,583 SH   SOLE   2,845,127 0 39,456
Visa Inc COM 92826C839 62,201 519,991 SH   OTR   0 0 519,991
Walt Disney Co/The COM 254687106 183,777 1,829,719 SH   SOLE   1,829,719 0 0
Walt Disney Co/The COM 254687106 12,194 121,402 SH   OTR   0 0 121,402
Yum Brands COM 988498101 320,127 3,760,453 SH   SOLE   3,724,252 0 36,201
Yum Brands COM 988498101 44,723 525,351 SH   OTR   0 0 525,351
iShares MSCI ACWI ETF COM 464288257 1,164 16,230 SH   SOLE   16,230 0 0