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
3M CO COM 88579Y101 2,078 13,796 SH   DFND 2 13,796 0 0
ALPHABET INC CAP STK CL C 02079K107 30,448 40,122 SH   DFND 1 0 0 40,122
ALPHABET INC CAP STK CL C 02079K107 11,775 15,516 SH   DFND 2 0 0 15,516
ALPHABET INC CAP STK CL A 02079K305 69,358 89,148 SH   DFND 1 73,244 0 15,904
ALPHABET INC CAP STK CL A 02079K305 24,947 32,065 SH   DFND 2 15,426 0 16,639
AMAZON COM INC COM 023135106 473 700 SH   DFND 1 0 0 700
AMAZON COM INC COM 023135106 2,042 3,021 SH   DFND 2 3,021 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 6,151 437,500 SH   DFND 1 437,500 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 12,881 916,126 SH   DFND 2 0 0 916,126
APPLE INC COM 037833100 1,316 12,500 SH   DFND 2 12,500 0 0
ARAMARK COM 03852U106 1,742 54,000 SH   DFND 2 54,000 0 0
BAIDU INC SPON ADR REP A 056752108 113,902 602,528 SH   DFND 2 453,903 0 148,625
BAIDU INC SPON ADR REP A 056752108 112,859 597,009 SH   DFND 1 466,180 0 130,829
BECTON DICKINSON & CO COM 075887109 93,117 604,300 SH   DFND 1 487,800 0 116,500
BECTON DICKINSON & CO COM 075887109 33,530 217,600 SH   DFND 2 110,600 0 107,000
CARMAX INC COM 143130102 756 14,000 SH   DFND 1 0 0 14,000
CAVIUM INC COM 14964U108 18,092 275,324 SH   DFND 1 230,225 0 45,099
CAVIUM INC COM 14964U108 6,865 104,479 SH   DFND 2 56,048 0 48,431
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 817 51,106 SH   DFND 1 0 0 51,106
CINEMARK HOLDINGS INC COM 17243V102 15,766 471,600 SH   DFND 2 261,800 0 209,800
CINEMARK HOLDINGS INC COM 17243V102 33,230 994,030 SH   DFND 1 770,430 0 223,600
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 1,966 27,764 SH   DFND 2 27,764 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 9,803 138,434 SH   DFND 1 104,916 0 33,518
COMCAST CORP NEW CL A 20030N101 86,489 1,532,669 SH   DFND 1 1,239,823 0 292,846
COMCAST CORP NEW CL A 20030N101 31,803 563,576 SH   DFND 2 256,962 0 306,614
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL 20440T201 10,311 980,097 SH   DFND 1 741,391 0 238,706
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL 20440T201 11,913 1,132,413 SH   DFND 2 179,554 0 952,859
COSTCO WHSL CORP NEW COM 22160K105 1,454 9,000 SH   DFND 1 0 0 9,000
COSTCO WHSL CORP NEW COM 22160K105 2,584 16,000 SH   DFND 2 16,000 0 0
CRITEO S A SPONS ADS 226718104 39,764 1,004,145 SH   DFND 2 833,045 0 171,100
CRITEO S A SPONS ADS 226718104 32,623 823,820 SH   DFND 1 721,820 0 102,000
ECOLAB INC COM 278865100 5,296 46,300 SH   DFND 1 33,300 0 13,000
ECOLAB INC COM 278865100 9,128 79,800 SH   DFND 2 79,800 0 0
EMBRAER S A SP ADR REP 4 CO 29082A107 1,418 48,000 SH   DFND 1 0 0 48,000
EMBRAER S A SP ADR REP 4 CO 29082A107 1,193 40,400 SH   DFND 2 40,400 0 0
EQUINIX INC COM PAR $0.001 29444U700 1,568 5,184 SH   DFND 1 0 0 5,184
EQUINIX INC COM PAR $0.001 29444U700 1,182 3,910 SH   DFND 2 3,910 0 0
FLOWSERVE CORP COM 34354P105 1,014 24,100 SH   DFND 2 24,100 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 118,580 1,284,030 SH   DFND 1 1,042,990 0 241,040
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 128,738 1,394,021 SH   DFND 2 1,080,600 0 313,421
HUNT J B TRANS SVCS INC COM 445658107 1,541 21,000 SH   DFND 1 0 0 21,000
HUNT J B TRANS SVCS INC COM 445658107 1,398 19,052 SH   DFND 2 19,052 0 0
INFOSYS LTD SPONSORED ADR 456788108 300,899 17,964,105 SH   DFND 2 13,092,564 0 4,871,541
INFOSYS LTD SPONSORED ADR 456788108 325,844 19,453,344 SH   DFND 1 15,511,220 0 3,942,124
INTUIT COM 461202103 1,255 13,000 SH   DFND 1 0 0 13,000
INTUIT COM 461202103 1,158 12,000 SH   DFND 2 12,000 0 0
JOHNSON & JOHNSON COM 478160104 60,237 586,420 SH   DFND 1 489,320 0 97,100
JOHNSON & JOHNSON COM 478160104 24,995 243,330 SH   DFND 2 125,330 0 118,000
KANSAS CITY SOUTHERN COM NEW 485170302 1,643 22,000 SH   DFND 2 22,000 0 0
LILLY ELI & CO COM 532457108 2,528 30,000 SH   DFND 2 30,000 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 8,970 116,300 SH   DFND 2 116,300 0 0
MEDTRONIC PLC SHS G5960L103 95,288 1,238,800 SH   DFND 1 993,700 0 245,100
MEDTRONIC PLC SHS G5960L103 34,223 444,920 SH   DFND 2 221,250 0 223,670
MICROCHIP TECHNOLOGY INC COM 595017104 1,820 39,108 SH   DFND 2 39,108 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 1,489 32,000 SH   DFND 1 0 0 32,000
MICROSOFT CORP COM 594918104 61,430 1,107,238 SH   DFND 1 916,096 0 191,142
MICROSOFT CORP COM 594918104 23,113 416,608 SH   DFND 2 216,983 0 199,625
NATIONAL OILWELL VARCO INC COM 637071101 1,239 37,000 SH   DFND 2 37,000 0 0
NETEASE INC SPONSORED ADR 64110W102 251,075 1,385,320 SH   DFND 1 1,117,746 0 267,574
NETEASE INC SPONSORED ADR 64110W102 266,343 1,469,557 SH   DFND 2 1,162,998 0 306,559
NIELSEN HLDGS PLC SHS EUR G6518L108 3,029 65,000 SH   DFND 2 65,000 0 0
OMNICOM GROUP INC COM 681919106 8,792 116,200 SH   DFND 2 116,200 0 0
ORACLE CORP COM 68389X105 1,059 29,000 SH   DFND 2 29,000 0 0
PAYCHEX INC COM 704326107 1,904 36,000 SH   DFND 2 36,000 0 0
PRAXAIR INC COM 74005P104 563 5,500 SH   DFND 1 0 0 5,500
PRAXAIR INC COM 74005P104 4,413 43,100 SH   DFND 2 43,100 0 0
QUALCOMM INC COM 747525103 1,899 38,000 SH   DFND 2 38,000 0 0
STERICYCLE INC COM 858912108 965 8,000 SH   DFND 1 0 0 8,000
STERICYCLE INC COM 858912108 7,803 64,703 SH   DFND 2 64,703 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 112,767 4,956,804 SH   DFND 1 3,163,630 0 1,793,174
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 30,969 1,361,266 SH   DFND 2 1,180,146 0 181,120
TYLER TECHNOLOGIES INC COM 902252105 1,133 6,500 SH   DFND 2 6,500 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,345 14,000 SH   DFND 1 0 0 14,000
UNITED TECHNOLOGIES CORP COM 913017109 1,633 17,000 SH   DFND 2 17,000 0 0
VERISK ANALYTICS INC COM 92345Y106 2,556 33,250 SH   DFND 2 33,250 0 0
VERISK ANALYTICS INC COM 92345Y106 1,922 25,000 SH   DFND 1 0 0 25,000
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 4,436 290,500 SH   DFND 1 290,500 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 21,428 1,403,303 SH   DFND 2 887,503 0 515,800
VISA INC COM CL A 92826C839 69,159 891,800 SH   DFND 1 715,100 0 176,700
VISA INC COM CL A 92826C839 27,848 359,100 SH   DFND 2 180,100 0 179,000
WHOLE FOODS MKT INC COM 966837106 1,139 34,000 SH   DFND 1 0 0 34,000
WHOLE FOODS MKT INC COM 966837106 670 20,000 SH   DFND 2 20,000 0 0
WRIGHT MED GROUP N V ORD SHS 0.03 PA N96617118 1,209 50,000 SH   DFND 2 50,000 0 0
YANDEX N V SHS CLASS A N97284108 71,969 4,578,166 SH   DFND 2 3,419,881 0 1,158,285
YANDEX N V SHS CLASS A N97284108 63,286 4,025,846 SH   DFND 1 3,312,427 0 713,419