| Security | Market Valueª | Shares or Principal | Investment
Discretion | Other
Managersº | Voting Authority |
|---|
| Issuer Name | Issue Class | Opt. | CUSIP/CINS | $1000s | Weight | Amount | S/P | Price | Sole | Shared | None |
|---|
 | | | | | | | | | ↓List | (S/P Amounts or For All) |
|---|
|
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | – | 01609W·10·2 | 190,560 | 17.60% | 1,038,241 | Sh. | 183.54 | Defined | – | 528,887 | 339,529 | 169,825 |
| AMBEV SA | SPONSORED ADR | – | 02319V·10·3 | 23,237 | 2.15% | 3,196,278 | Sh. | 7.27 | Defined | – | 2,271,099 | 286,110 | 639,069 |
| BAIDU INC | SPON ADR REP A | – | 056752·10·8 | 166,110 | 15.34% | 744,256 | Sh. | 223.19 | Defined | – | 349,933 | 283,939 | 110,384 |
| BANCO BRADESCO S A | SP ADR PFD NEW | – | 059460·30·3 | 46,223 | 4.27% | 3,890,831 | Sh. | 11.88 | Defined | – | 2,638,017 | 355,205 | 897,609 |
| BANCO DE CHILE | SPONSORED ADR | – | 059520·10·6 | 20,648 | 1.91% | 205,288 | Sh. | 100.58 | Defined | – | 140,316 | 18,346 | 46,626 |
| BANCOLOMBIA S A | SPON ADR PREF | – | 05968L·10·2 | 21,576 | 1.99% | 513,477 | Sh. | 42.02 | Defined | – | 341,891 | 46,232 | 125,354 |
| BOOKING HLDGS INC | COM | – | 09857L·10·8 | 4,427 | 0.41% | 2,128 | Sh. | 2,080.36 | Defined | – | 95 | 2,033 | – |
| CHINA LODGING GROUP LTD | SPONSORED ADR | – | 16949N·10·9 | 1,119 | 0.10% | 8,497 | Sh. | 131.69 | Defined | – | 1,007 | 7,490 | – |
| CHINA PETE & CHEM CORP | SPON ADR H SHS | – | 16941R·10·8 | 50,035 | 4.62% | 565,493 | Sh. | 88.48 | Defined | – | 384,837 | 51,882 | 128,774 |
| COPA HOLDINGS SA | CL A | – | P31076·10·5 | 17,907 | 1.65% | 139,216 | Sh. | 128.63 | Defined | – | 93,587 | 12,599 | 33,030 |
| CREDICORP LTD | COM | – | G2519Y·10·8 | 50,899 | 4.70% | 224,181 | Sh. | 227.04 | Defined | – | 130,662 | 50,477 | 43,042 |
| CTRIP COM INTL LTD | AMERICAN DEP SHS | – | 22943F·10·0 | 26,534 | 2.45% | 569,165 | Sh. | 46.62 | Defined | – | 39,471 | 529,694 | – |
| DISNEY WALT CO | COM DISNEY | – | 254687·10·6 | 3,755 | 0.35% | 37,382 | Sh. | 100.45 | Defined | – | 1,873 | 35,509 | – |
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | – | 399909·10·0 | 14,692 | 1.36% | 223,427 | Sh. | 65.76 | Defined | – | 142,018 | 35,223 | 46,186 |
| HDFC BANK LTD | ADR REPS 3 SHS | – | 40415F·10·1 | 57,306 | 5.29% | 580,195 | Sh. | 98.77 | Defined | – | 170,664 | 360,804 | 48,727 |
| IQIYI INC | SPONSORED ADS | – | 46267X·10·8 | 16,058 | 1.48% | 1,032,694 | Sh. | 15.55 | Defined | – | 519,412 | 346,672 | 166,610 |
| ISHARES TR | MSCI INDIA ETF | – | 46429B·59·8 | 1,105 | 0.10% | 32,401 | Sh. | 34.10 | Defined | – | – | – | None |
| ITAU UNIBANCO HLDG SA | SPON ADR REP PFD | – | 465562·10·6 | 46,474 | 4.29% | 2,979,106 | Sh. | 15.60 | Defined | – | 2,025,689 | 272,482 | 680,935 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | – | V5633W·10·9 | 8,390 | 0.77% | 241,774 | Sh. | 34.70 | Defined | – | 17,089 | 224,685 | – |
| MASTERCARD INCORPORATED | CL A | – | 57636Q·10·4 | 24,073 | 2.22% | 137,435 | Sh. | 175.16 | Defined | – | 3,825 | 133,610 | – |
| NETEASE INC | SPONSORED ADR | – | 64110W·10·2 | 14,765 | 1.36% | 52,659 | Sh. | 280.39 | Defined | – | 32,427 | 9,700 | 10,532 |
| NEW ORIENTAL ED & TECH GRP I | SPON ADR | – | 647581·10·7 | 30,025 | 2.77% | 342,552 | Sh. | 87.65 | Defined | – | 148,954 | 147,394 | 46,204 |
| NIKE INC | CL B | – | 654106·10·3 | 7,497 | 0.69% | 112,844 | Sh. | 66.44 | Defined | – | 6,752 | 106,092 | – |
| QUALCOMM INC | COM | – | 747525·10·3 | 36,026 | 3.33% | 650,175 | Sh. | 55.41 | Defined | – | 38,256 | 611,919 | – |
| STARBUCKS CORP | COM | – | 855244·10·9 | 15,171 | 1.40% | 262,072 | Sh. | 57.89 | Defined | – | 16,488 | 245,584 | – |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADR | – | 874039·10·0 | 42,199 | 3.90% | 964,319 | Sh. | 43.76 | Defined | – | Sole | – | – |
| TAL ED GROUP | SPONSORED ADS | – | 874080·10·4 | 3,513 | 0.32% | 94,705 | Sh. | 37.09 | Defined | – | 6,156 | 88,549 | – |
| TAPESTRY INC | COM | – | 876030·10·7 | 4,148 | 0.38% | 78,846 | Sh. | 52.61 | Defined | – | 5,281 | 73,565 | – |
| VALE S A | ADR | – | 91912E·10·5 | 26,751 | 2.47% | 2,103,071 | Sh. | 12.72 | Defined | – | 1,444,060 | 179,271 | 479,740 |
| VIPSHOP HLDGS LTD | SPONSORED ADR | – | 92763W·10·3 | 5,747 | 0.53% | 345,799 | Sh. | 16.62 | Defined | – | 28,232 | 317,567 | – |
| YUM BRANDS INC | COM | – | 988498·10·1 | 28,458 | 2.63% | 334,293 | Sh. | 85.13 | Defined | – | 11,472 | 322,821 | – |
| YUM CHINA HLDGS INC | COM | – | 98850P·10·9 | 77,167 | 7.13% | 1,859,441 | Sh. | 41.50 | Defined | – | 699,167 | 949,500 | 210,774 |
| — 32 Issuers — | — 32 Issues — | — 32 Holdings: $1,082,595,000 — | — Sole Manager — |
____________
ª No market value of any Holding was adjusted.
º Other Included Managers with whom investment discretion is shared as to any Holding: No Other Included Managers [ 1 Not Allocated Above ] |
|
