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 34,116 32,894 SH   DFND 1 30,194 0 2,700
ALPHABET INC CAP STK CL A 02079K305 23,640 22,793 SH   DFND 2 19,056 0 3,737
ALPHABET INC CAP STK CL C 02079K107 5,605 5,432 SH   DFND 2 0 0 5,432
ALPHABET INC CAP STK CL C 02079K107 5,461 5,293 SH   DFND 1 0 0 5,293
AMAZON COM INC COM 023135106 2,026 1,400 SH   DFND 1 0 0 1,400
AMAZON COM INC COM 023135106 2,895 2,000 SH   DFND 2 2,000 0 0
ARAMARK COM 03852U106 748 18,900 SH   DFND 1 18,900 0 0
ARAMARK COM 03852U106 2,809 71,000 SH   DFND 2 71,000 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 8,044 93,600 SH   DFND 1 93,600 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 58,727 683,347 SH   DFND 2 494,000 0 189,347
BAIDU INC SPON ADR REP A 056752108 397,316 1,780,171 SH   DFND 2 1,482,946 0 297,225
BAIDU INC SPON ADR REP A 056752108 291,377 1,305,509 SH   DFND 1 1,123,480 0 182,029
BANCO MACRO SA SPON ADR B 05961W105 9,113 84,400 SH   DFND 2 84,400 0 0
BECTON DICKINSON & CO COM 075887109 45,474 209,850 SH   DFND 2 139,950 0 69,900
BECTON DICKINSON & CO COM 075887109 68,456 315,900 SH   DFND 1 256,800 0 59,100
BIOGEN INC COM 09062X103 1,917 7,000 SH   DFND 1 3,300 0 3,700
BIOGEN INC COM 09062X103 3,286 12,000 SH   DFND 2 12,000 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 405 5,000 SH   DFND 1 5,000 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 2,027 25,000 SH   DFND 2 25,000 0 0
BLUE BUFFALO PET PRODS INC COM 09531U102 1,517 38,095 SH   DFND 1 13,095 0 25,000
BLUE BUFFALO PET PRODS INC COM 09531U102 1,871 47,000 SH   DFND 2 47,000 0 0
CARMAX INC COM 143130102 2,261 36,500 SH   DFND 1 7,500 0 29,000
CARMAX INC COM 143130102 1,796 29,000 SH   DFND 2 29,000 0 0
CERNER CORP COM 156782104 1,839 31,700 SH   DFND 1 10,700 0 21,000
CERNER CORP COM 156782104 2,552 44,000 SH   DFND 2 44,000 0 0
CHINA BIOLOGIC PRODS HLDGS I COM G21515104 7,900 97,526 SH   DFND 1 97,526 0 0
CHINA BIOLOGIC PRODS HLDGS I COM G21515104 43,758 540,226 SH   DFND 2 363,898 0 176,328
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,740 124,355 SH   DFND 1 0 0 124,355
CHURCH & DWIGHT INC COM 171340102 1,153 22,900 SH   DFND 1 22,900 0 0
CHURCH & DWIGHT INC COM 171340102 3,324 66,000 SH   DFND 2 66,000 0 0
CISCO SYS INC COM 17275R102 1,621 37,800 SH   DFND 1 37,800 0 0
CISCO SYS INC COM 17275R102 5,147 120,000 SH   DFND 2 120,000 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 25,281 380,566 SH   DFND 1 305,409 0 75,157
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 6,054 91,128 SH   DFND 2 91,128 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 456,033 5,665,010 SH   DFND 2 5,277,591 0 387,419
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 348,880 4,333,907 SH   DFND 1 3,778,279 0 555,628
COMCAST CORP NEW CL A 20030N101 902 26,400 SH   DFND 1 26,400 0 0
COMCAST CORP NEW CL A 20030N101 3,759 110,000 SH   DFND 2 110,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,769 20,000 SH   DFND 1 8,000 0 12,000
COSTCO WHSL CORP NEW COM 22160K105 10,059 53,383 SH   DFND 2 53,383 0 0
DESPEGAR COM CORP ORD SHS G27358103 6,117 195,741 SH   DFND 2 195,741 0 0
ECOLAB INC COM 278865100 75,704 552,300 SH   DFND 1 461,800 0 90,500
ECOLAB INC COM 278865100 48,646 354,900 SH   DFND 2 222,700 0 132,200
EMBRAER S A SP ADR REP 4 COM 29082A107 1,331 51,200 SH   DFND 2 51,200 0 0
EQUIFAX INC COM 294429105 730 6,200 SH   DFND 1 6,200 0 0
EQUIFAX INC COM 294429105 2,356 20,000 SH   DFND 2 20,000 0 0
EQUINIX INC COM PAR $0.001 29444U700 460 1,100 SH   DFND 1 1,100 0 0
EQUINIX INC COM PAR $0.001 29444U700 962 2,300 SH   DFND 2 2,300 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 203,586 2,226,684 SH   DFND 2 1,909,563 0 317,121
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 125,481 1,372,430 SH   DFND 1 1,288,990 0 83,440
GLOBANT S A COM L44385109 1,112 21,572 SH   DFND 1 0 0 21,572
GLOBANT S A COM L44385109 1,206 23,400 SH   DFND 2 23,400 0 0
HUNT J B TRANS SVCS INC COM 445658107 2,566 21,900 SH   DFND 1 4,900 0 17,000
HUNT J B TRANS SVCS INC COM 445658107 1,992 17,000 SH   DFND 2 17,000 0 0
ICON PLC SHS G4705A100 27,117 229,533 SH   DFND 2 229,533 0 0
INFOSYS LTD SPONSORED ADR 456788108 195,128 10,931,560 SH   DFND 1 9,434,220 0 1,497,340
INFOSYS LTD SPONSORED ADR 456788108 255,771 14,328,881 SH   DFND 2 12,622,540 0 1,706,341
INTUIT COM 461202103 53,167 306,705 SH   DFND 1 247,605 0 59,100
INTUIT COM 461202103 40,282 232,371 SH   DFND 2 170,771 0 61,600
ISHARES INC MSCI STH KOR ETF 464286772 7,362 97,577 SH   DFND 2 97,577 0 0
JOHNSON & JOHNSON COM 478160104 5,011 39,100 SH   DFND 1 39,100 0 0
JOHNSON & JOHNSON COM 478160104 10,419 81,300 SH   DFND 2 81,300 0 0
LAUDER ESTEE COS INC CL A 518439104 2,845 19,000 SH   DFND 2 19,000 0 0
LAUDER ESTEE COS INC CL A 518439104 853 5,700 SH   DFND 1 5,700 0 0
LILLY ELI & CO COM 532457108 44,147 570,600 SH   DFND 1 457,500 0 113,100
LILLY ELI & CO COM 532457108 29,857 385,900 SH   DFND 2 256,100 0 129,800
MEDTRONIC PLC SHS G5960L103 79,578 992,000 SH   DFND 1 808,500 0 183,500
MEDTRONIC PLC SHS G5960L103 51,262 639,020 SH   DFND 2 410,450 0 228,570
MICROSOFT CORP COM 594918104 73,572 806,088 SH   DFND 1 654,811 0 151,277
MICROSOFT CORP COM 594918104 51,488 564,133 SH   DFND 2 371,508 0 192,625
NETEASE INC SPONSORED ADR 64110W102 251,226 895,987 SH   DFND 1 768,427 0 127,560
NETEASE INC SPONSORED ADR 64110W102 380,874 1,358,373 SH   DFND 2 1,172,983 0 185,390
NEVRO CORP COM 64157F103 2,427 28,000 SH   DFND 2 28,000 0 0
NEVRO CORP COM 64157F103 1,421 16,400 SH   DFND 1 6,400 0 10,000
NIELSEN HLDGS PLC SHS EUR G6518L108 2,352 74,000 SH   DFND 2 74,000 0 0
NIELSEN HLDGS PLC SHS EUR G6518L108 1,739 54,700 SH   DFND 1 20,700 0 34,000
OMNICOM GROUP INC COM 681919106 567 7,800 SH   DFND 1 7,800 0 0
OMNICOM GROUP INC COM 681919106 3,125 43,000 SH   DFND 2 43,000 0 0
ORACLE CORP COM 68389X105 64,196 1,403,200 SH   DFND 1 1,181,500 0 221,700
ORACLE CORP COM 68389X105 42,964 939,100 SH   DFND 2 609,500 0 329,600
PAYCHEX INC COM 704326107 610 9,900 SH   DFND 1 9,900 0 0
PAYCHEX INC COM 704326107 3,080 50,000 SH   DFND 2 50,000 0 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 7,654 62,300 SH   DFND 2 62,300 0 0
S&P GLOBAL INC COM 78409V104 2,006 10,500 SH   DFND 1 0 0 10,500
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 61,299 1,400,800 SH   DFND 2 1,060,100 0 340,700
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 152,141 3,476,704 SH   DFND 1 2,345,830 0 1,130,874
TYLER TECHNOLOGIES INC COM 902252105 2,236 10,600 SH   DFND 1 5,300 0 5,300
TYLER TECHNOLOGIES INC COM 902252105 2,911 13,800 SH   DFND 2 13,800 0 0
ULTA BEAUTY INC COM 90384S303 1,941 9,500 SH   DFND 1 3,000 0 6,500
ULTA BEAUTY INC COM 90384S303 2,002 9,800 SH   DFND 2 9,800 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,139 17,000 SH   DFND 2 17,000 0 0
VERISK ANALYTICS INC COM 92345Y106 3,744 36,000 SH   DFND 1 15,000 0 21,000
VERISK ANALYTICS INC COM 92345Y106 5,304 51,000 SH   DFND 2 51,000 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 4,185 251,800 SH   DFND 1 251,800 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 43,683 2,628,316 SH   DFND 2 1,821,216 0 807,100
VISA INC COM CL A 92826C839 86,748 725,200 SH   DFND 1 592,900 0 132,300
VISA INC COM CL A 92826C839 56,796 474,800 SH   DFND 2 304,600 0 170,200
WALMART INC COM 931142103 36,166 406,500 SH   DFND 2 266,300 0 140,200
WALMART INC COM 931142103 53,249 598,500 SH   DFND 1 492,400 0 106,100