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
AIA Group Ltd COM 001317205 7,287 221,630 SH   SOLE   221,630 0 0
AIA Group Ltd COM 001317205 17 528 SH   OTR   0 0 528
Abbott Labs COM 002824100 267,407 3,697,048 SH   SOLE   3,653,308 0 43,740
Abbott Labs COM 002824100 50,123 692,970 SH   OTR   0 0 692,970
Alibaba Group Holding Ltd COM 01609W102 113,632 829,006 SH   SOLE   809,710 0 19,296
Alibaba Group Holding Ltd COM 01609W102 20,521 149,710 SH   OTR   0 0 149,710
Alliance Data Systems Corp COM 018581108 86,075 573,525 SH   SOLE   573,525 0 0
Alliance Data Systems Corp COM 018581108 8,715 58,066 SH   OTR   0 0 58,066
Alphabet Inc CL C COM 02079K107 259,538 250,614 SH   SOLE   247,653 0 2,961
Alphabet Inc CL C COM 02079K107 41,162 39,747 SH   OTR   0 0 39,747
Amazon.com Inc COM 023135106 315,076 209,775 SH   SOLE   207,604 0 2,171
Amazon.com Inc COM 023135106 45,854 30,529 SH   OTR   0 0 30,529
Apple Inc COM 037833100 1,819 11,530 SH   SOLE   11,530 0 0
Autodesk Inc COM 052769106 304,476 2,367,434 SH   SOLE   2,343,007 0 24,427
Autodesk Inc COM 052769106 44,486 345,902 SH   OTR   0 0 345,902
Automatic Data Processing Inc COM 053015103 139,150 1,061,239 SH   SOLE   1,061,239 0 0
Automatic Data Processing Inc COM 053015103 18,161 138,510 SH   OTR   0 0 138,510
Becton Dickinson COM 075887109 157,170 697,541 SH   SOLE   697,541 0 0
Becton Dickinson COM 075887109 15,847 70,330 SH   OTR   0 0 70,330
Booking Holdings Inc COM 09857L108 160,859 93,391 SH   SOLE   92,432 0 959
Booking Holdings Inc COM 09857L108 26,191 15,206 SH   OTR   0 0 15,206
CTrip.com International Ltd COM 22943F100 27,036 999,099 SH   SOLE   941,407 0 57,692
CTrip.com International Ltd COM 22943F100 7,443 275,047 SH   OTR   0 0 275,047
Danone SA COM 23636T100 5,295 378,776 SH   SOLE   378,776 0 0
Danone SA COM 23636T100 5 385 SH   OTR   0 0 385
Ecolab Inc COM 278865100 198,368 1,346,238 SH   SOLE   1,346,238 0 0
Ecolab Inc COM 278865100 24,233 164,459 SH   OTR   0 0 164,459
Equinix Inc COM 29444U700 294,253 834,618 SH   SOLE   826,465 0 8,153
Equinix Inc COM 29444U700 43,230 122,618 SH   OTR   0 0 122,618
Estee Lauder Cos Inc/The COM 518439104 149,250 1,147,197 SH   SOLE   1,147,197 0 0
Estee Lauder Cos Inc/The COM 518439104 14,418 110,819 SH   OTR   0 0 110,819
Facebook Inc COM 30303M102 109,567 835,816 SH   SOLE   835,816 0 0
Facebook Inc COM 30303M102 10,882 83,009 SH   OTR   0 0 83,009
Fast Retailing Co -Unspon ADR COM 31188H101 5,597 109,813 SH   SOLE   109,813 0 0
FleetCor Technologies Inc COM 339041105 300,419 1,617,593 SH   SOLE   1,604,377 0 13,216
FleetCor Technologies Inc COM 339041105 41,990 226,095 SH   OTR   0 0 226,095
Fomento Economico Mexicano SAB COM 344419106 37,528 436,120 SH   SOLE   415,761 0 20,359
Fomento Economico Mexicano SAB COM 344419106 12,324 143,215 SH   OTR   0 0 143,215
HDFC Bank Ltd COM 40415F101 150,353 1,451,425 SH   SOLE   1,416,336 0 35,089
HDFC Bank Ltd COM 40415F101 27,661 267,020 SH   OTR   0 0 267,020
IHS Markit LTD COM G47567105 120,070 2,503,023 SH   SOLE   2,448,009 0 55,014
IHS Markit LTD COM G47567105 20,505 427,457 SH   OTR   0 0 427,457
Infosys Ltd- SP ADR COM 456788108 39,332 4,131,475 SH   SOLE   3,943,789 0 187,686
Infosys Ltd- SP ADR COM 456788108 13,046 1,370,394 SH   OTR   0 0 1,370,394
Intuit Inc COM 461202103 134,418 682,846 SH   SOLE   682,846 0 0
Intuit Inc COM 461202103 13,754 69,870 SH   OTR   0 0 69,870
Linde PLC COM G5494J103 206,416 1,322,841 SH   SOLE   1,305,910 0 16,931
Linde PLC COM G5494J103 35,715 228,883 SH   OTR   0 0 228,883
Lowe's Cos Inc COM 548661107 133,620 1,446,727 SH   SOLE   1,446,727 0 0
Lowe's Cos Inc COM 548661107 17,843 193,190 SH   OTR   0 0 193,190
MercadoLibre Inc COM 58733R102 43,952 150,085 SH   SOLE   143,648 0 6,437
MercadoLibre Inc COM 58733R102 14,482 49,451 SH   OTR   0 0 49,451
Microsoft Corp. COM 594918104 178,273 1,755,178 SH   SOLE   1,755,178 0 0
Microsoft Corp. COM 594918104 22,592 222,432 SH   OTR   0 0 222,432
Mondelez International Inc COM 609207105 190,972 4,770,714 SH   SOLE   4,703,495 0 67,219
Mondelez International Inc COM 609207105 33,201 829,403 SH   OTR   0 0 829,403
NIKE Inc COM 654106103 223,979 3,021,027 SH   SOLE   2,987,545 0 33,482
NIKE Inc COM 654106103 39,804 536,872 SH   OTR   0 0 536,872
Nestle SA COM 641069406 6,206 76,656 SH   SOLE   76,656 0 0
Nestle SA COM 641069406 5 59 SH   OTR   0 0 59
New Oriental Education & Techn COM 647581107 115,941 2,115,325 SH   SOLE   2,067,366 0 47,959
New Oriental Education & Techn COM 647581107 19,625 358,048 SH   OTR   0 0 358,048
Novo Nordisk A/S COM 670100205 152,584 3,311,996 SH   SOLE   3,311,996 0 0
Novo Nordisk A/S COM 670100205 13,832 300,249 SH   OTR   0 0 300,249
Regeneron Pharmaceuticals COM 75886F107 303,003 811,254 SH   SOLE   803,357 0 7,897
Regeneron Pharmaceuticals COM 75886F107 44,124 118,137 SH   OTR   0 0 118,137
SAP SE-SPONSORED ADR COM 803054204 123,316 1,238,737 SH   SOLE   1,205,585 0 33,152
SAP SE-SPONSORED ADR COM 803054204 24,149 242,580 SH   OTR   0 0 242,580
SPDR S&P 500 ETF Trust COM 78462F103 927 3,711 SH   SOLE   3,711 0 0
Salesforce.com inc COM 79466L302 297,569 2,172,509 SH   SOLE   2,152,825 0 19,684
Salesforce.com inc COM 79466L302 43,155 315,067 SH   OTR   0 0 315,067
Sanlam Ltd - ADR COM 80104Q208 4,197 380,369 SH   SOLE   380,369 0 0
Shoprite Holdings Ltd COM 82510E209 3,232 242,793 SH   SOLE   242,793 0 0
Shoprite Holdings Ltd COM 82510E209 14 1,068 SH   OTR   0 0 1,068
TJX Companies Inc. COM 872540109 201,256 4,498,336 SH   SOLE   4,444,688 0 53,648
TJX Companies Inc. COM 872540109 32,239 720,581 SH   OTR   0 0 720,581
Tencent Holdings Ltd COM 88032Q109 7,061 178,907 SH   SOLE   178,907 0 0
Tencent Holdings Ltd COM 88032Q109 34 861 SH   OTR   0 0 861
Ulta Beauty Inc COM 90384S303 82,087 335,268 SH   SOLE   335,268 0 0
Ulta Beauty Inc COM 90384S303 7,881 32,189 SH   OTR   0 0 32,189
UnitedHealth Group Inc COM 91324P102 194,627 781,257 SH   SOLE   781,257 0 0
UnitedHealth Group Inc COM 91324P102 19,306 77,496 SH   OTR   0 0 77,496
Visa Inc COM 92826C839 342,460 2,595,575 SH   SOLE   2,568,148 0 27,427
Visa Inc COM 92826C839 51,883 393,229 SH   OTR   0 0 393,229
Walt Disney Co/The COM 254687106 174,425 1,590,739 SH   SOLE   1,590,739 0 0
Walt Disney Co/The COM 254687106 22,266 203,061 SH   OTR   0 0 203,061
Yum Brands COM 988498101 360,004 3,916,495 SH   SOLE   3,880,133 0 36,362
Yum Brands COM 988498101 52,509 571,250 SH   OTR   0 0 571,250
iShares Russell 1000 Growth COM 464287614 1,828 13,966 SH   SOLE   13,966 0 0