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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADOBE INC COM 00724F101   1,930 5,736 SH   SOLE   5,736 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105   195,633 10,749,079 SH   SOLE   7,772,046 0 2,977,033
AMERICAN TOWER CORP COM 03027X100   4,105 19,376 SH   SOLE   19,376 0 0
BECTON DICKINSON AND COMPANY COM 075887109   6,295 24,753 SH   SOLE   24,753 0 0
CBRE GROUP INC COM 125043109   491 6,386 SH   SOLE   6,386 0 0
COLGATE-PALMOLIVE COMPANY COM 194162103   1,751 22,218 SH   SOLE   22,218 0 0
DOLLAR GENERAL CORP COM 256677105   6,952 28,231 SH   SOLE   28,231 0 0
ELECTRONIC ARTS INC COM 285512109   6,627 54,237 SH   SOLE   54,237 0 0
ESTEE LAUDER COMPANIES INC COM 518439104   573 2,310 SH   SOLE   2,310 0 0
FOMENTO ECONOMICO MEXICANO SPON ADR UNITS 344419106   7,012 89,765 SH   SOLE   89,765 0 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400506101   6,306 43,847 SH   SOLE   43,847 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101   164,199 2,400,226 SH   SOLE   1,472,216 0 928,010
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106   42,367 8,995,126 SH   SOLE   5,186,460 0 3,808,666
MARSH & MCLENNAN COS INC COM 571748102   5,001 30,219 SH   SOLE   30,219 0 0
MASTERCARD INCORPORATED COM 57636Q104   521 1,499 SH   SOLE   1,499 0 0
MERCADOLIBRE INC COM 58733R102   128,827 152,235 SH   SOLE   103,568 0 48,667
NVIDIA CORP COM 67066G104   731 4,999 SH   SOLE   4,999 0 0
ZOETIS INC COM 098978V10   1,566 10,686 SH   SOLE   10,686 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106   11,615 487,006 SH   SOLE   487,006 0 0
S&P GLOBAL INC COM 78409V104   4,306 12,855 SH   SOLE   12,855 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100   205,090 2,753,253 SH   SOLE   2,061,301 0 691,952
UNITED RENTALS INC COM 911363109   1,650 4,641 SH   SOLE   4,641 0 0
VISA INC COM 92826C839   3,826 18,415 SH   SOLE   18,415 0 0
SALES FORCE INC COM 079466L30   1,165 8,785 SH   SOLE   8,785 0 0
GXO LOGISTICS INC COM 36262G101   1,252 29,328 SH   SOLE   29,328 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   1,680 3,050 SH   SOLE   3,050 0 0