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   3,351 6,852 SH   SOLE   6,852 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105   180,855 8,357,421 SH   SOLE   5,372,232 0 2,985,189
AMERICAN TOWER CORP COM 03027X100   3,130 16,138 SH   SOLE   16,138 0 0
BECTON DICKINSON AND COMPANY COM 075887109   4,920 18,636 SH   SOLE   18,636 0 0
CBRE GROUP INC COM 125043109   437 5,418 SH   SOLE   5,418 0 0
COLGATE-PALMOLIVE COMPANY COM 194162103   976 12,671 SH   SOLE   12,671 0 0
DOLLAR GENERAL CORP COM 256677105   4,075 24,000 SH   SOLE   24,000 0 0
ELECTRONIC ARTS INC COM 285512109   4,908 37,842 SH   SOLE   37,842 0 0
ESTEE LAUDER COMPANIES INC COM 518439104   624 3,177 SH   SOLE   3,177 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   13,334 120,303 SH   SOLE   120,303 0 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400506101   8,323 46,570 SH   SOLE   46,570 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101   144,483 2,072,927 SH   SOLE   1,015,039 0 1,057,888
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106   51,501 8,729,050 SH   SOLE   4,341,156 0 4,387,894
MARSH & MCLENNAN COS INC COM 571748102   3,574 19,004 SH   SOLE   19,004 0 0
MERCADOLIBRE INC COM 58733R102   86,492 73,014 SH   SOLE   42,608 0 30,406
ZOETIS INC COM 098978V10   3,491 20,274 SH   SOLE   20,274 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106   9,043 339,066 SH   SOLE   339,066 0 0
S&P GLOBAL INC COM 78409V104   4,954 12,357 SH   SOLE   12,357 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100   230,373 2,282,728 SH   SOLE   1,528,438 0 754,290
UNITED RENTALS INC COM 911363109   2,521 5,660 SH   SOLE   5,660 0 0
VISA INC COM 92826C839   3,964 16,694 SH   SOLE   16,694 0 0
SALES FORCE INC COM 079466L30   2,072 9,809 SH   SOLE   9,809 0 0
GXO LOGISTICS INC COM 36262G101   2,281 36,318 SH   SOLE   36,318 0 0
THERMO FISHER SCIENTIFIC INC COM 883556100   2,061 3,950 SH   SOLE   3,950 0 0
SYNOPSYS COM 871607100   502 1,152 SH   SOLE   1,152 0 0
ADVANCED DRAINAGE SYSTEMS COM 00790R100   966 8,487 SH   SOLE   8,487 0 0
ENPHASE ENERGY COM 29355A100   889 5,310 SH   SOLE   5,310 0 0
MICROSOFT COM 594918100   1,948 5,720 SH   SOLE   5,720 0 0
VESTA SAB ADR COM 92540K109   12,204 378,763 SH   SOLE   310,894 0 67,869
CHURCH & DWIGHT COMPANY COM 171340100   517 5,156 SH   SOLE   5,156 0 0