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   2,119 5,499 SH   SOLE   5,499 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105   195,052 9,266,136 SH   SOLE   5,861,836 0 3,404,300
AMERICAN TOWER CORP COM 03027X100   3,918 19,176 SH   SOLE   19,176 0 0
BECTON DICKINSON AND COMPANY COM 075887109   4,187 16,915 SH   SOLE   16,915 0 0
CBRE GROUP INC COM 125043109   514 7,057 SH   SOLE   7,057 0 0
COLGATE-PALMOLIVE COMPANY COM 194162103   1,297 17,263 SH   SOLE   17,263 0 0
DOLLAR GENERAL CORP COM 256677105   5,419 25,746 SH   SOLE   25,746 0 0
ELECTRONIC ARTS INC COM 285512109   4,600 38,186 SH   SOLE   38,186 0 0
ESTEE LAUDER COMPANIES INC COM 518439104   799 3,240 SH   SOLE   3,240 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   10,878 114,272 SH   SOLE   114,272 0 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400506101   9,086 46,570 SH   SOLE   46,570 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101   137,109 2,056,533 SH   SOLE   998,645 0 1,057,888
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106   43,100 8,850,150 SH   SOLE   4,462,256 0 4,387,894
MARSH & MCLENNAN COS INC COM 571748102   4,867 29,222 SH   SOLE   29,222 0 0
MERCADOLIBRE INC COM 58733R102   143,570 108,925 SH   SOLE   70,282 0 38,643
ZOETIS INC COM 098978V10   3,325 19,975 SH   SOLE   19,975 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106   8,803 322,792 SH   SOLE   322,792 0 0
S&P GLOBAL INC COM 78409V104   4,235 12,284 SH   SOLE   12,284 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100   212,747 2,287,112 SH   SOLE   1,532,822 0 754,290
UNITED RENTALS INC COM 911363109   2,029 5,127 SH   SOLE   5,127 0 0
VISA INC COM 92826C839   4,197 18,616 SH   SOLE   18,616 0 0
SALES FORCE INC COM 079466L30   2,336 11,695 SH   SOLE   11,695 0 0
GXO LOGISTICS INC COM 36262G101   1,628 32,271 SH   SOLE   32,271 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   2,764 4,796 SH   SOLE   4,796 0 0
SYNOPSYS COM 871607100   411 1,063 SH   SOLE   1,063 0 0
ADVANCED DRAINAGE SYSTEMS COM 00790R100   854 10,147 SH   SOLE   10,147 0 0
ENPHASE ENERGY COM 29355A100   921 4,379 SH   SOLE   4,379 0 0
MICROSOFT COM 594918100   1,521 5,275 SH   SOLE   5,275 0 0
CHURCH & DWIGHT COMPANY COM 171340100   611 6,913 SH   SOLE   6,913 0 0