Ninety One UK 13F-HR Quarterly holdings report by institutional manager

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	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBOTT LABORATORIES	Common Stock	002824100	348	2,906	SH		SOLE		2,906	0	0
ABBVIE INC	Common Stock	00287Y109	112,787	1,042,203	SH		SOLE		1,042,203	0	0
ACCENTURE PLC	Common Stock	G1151C101	110,960	401,664	SH		SOLE		401,664	0	0
ACTIVISION BLIZZARD INC	Common Stock	00507V109	21,428	230,413	SH		SOLE		230,413	0	0
ADIENT PLC	Common Stock	G0084W101	96,383	2,180,617	SH		SOLE		2,180,617	0	0
ADOBE SYSTEMS INC	Common Stock	00724F101	25,434	53,503	SH		SOLE		53,503	0	0
AERCAP HOLDINGS NV	Common Stock	N00985106	164,339	2,797,737	SH		SOLE		2,797,737	0	0
AGILENT TECHNOLOGIES INC	Common Stock	00846U101	37,618	295,877	SH		SOLE		295,877	0	0
AGNICO EAGLE MINES LTD	Common Stock	008474108	116,619	2,017,525	SH		SOLE		2,017,525	0	0
ALCOA CORP	Common Stock	013872106	14,341	441,404	SH		SOLE		441,404	0	0
ALCON INC	Common Stock	H01301128	15,707	223,810	SH		SOLE		223,810	0	0
ALIBABA GROUP HOLDING LTD	ADR	01609W102	322,845	1,423,920	SH		SOLE		1,423,920	0	0
ALIGN TECHNOLOGY INC	Common Stock	016255101	21,671	40,018	SH		SOLE		40,018	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	39,546	352,804	SH		SOLE		352,804	0	0
ALLY FINANCIAL INC	Common Stock	02005N100	81,542	1,803,628	SH		SOLE		1,803,628	0	0
ALPHABET INC	Common Stock	02079K305	894,882	433,878	SH		SOLE		433,878	0	0
AMAZON.COM INC	Common Stock	023135106	812,524	262,606	SH		SOLE		262,606	0	0
AMEDISYS INC	Common Stock	023436108	36,389	137,426	SH		SOLE		137,426	0	0
AMERICAN EXPRESS CO	Common Stock	025816109	170,429	1,204,953	SH		SOLE		1,204,953	0	0
AMERICAN TOWER CORP	REIT	03027X100	52,699	220,442	SH		SOLE		220,442	0	0
ANGLOGOLD ASHANTI LTD	ADR	035128206	2,032	92,478	SH		SOLE		92,478	0	0
ANSYS INC	Common Stock	03662Q105	102,220	301,038	SH		SOLE		301,038	0	0
ANTHEM INC	Common Stock	036752103	121,617	338,814	SH		SOLE		338,814	0	0
APPLE INC	Common Stock	037833100	601,678	4,925,727	SH		SOLE		4,925,727	0	0
APPLIED MATERIALS INC	Common Stock	038222105	24,993	187,077	SH		SOLE		187,077	0	0
APTIV PLC	Common Stock	G6095L109	136,687	991,201	SH		SOLE		991,201	0	0
ARCH CAPITAL GROUP LTD	Common Stock	G0450A105	30,960	806,873	SH		SOLE		806,873	0	0
ARISTA NETWORKS INC	Common Stock	040413106	42,489	140,744	SH		SOLE		140,744	0	0
ASML HOLDING NV	NY Reg Shrs	N07059210	32,823	53,166	SH		SOLE		53,166	0	0
AUTODESK INC	Common Stock	052769106	304,739	1,099,547	SH		SOLE		1,099,547	0	0
AUTOMATIC DATA PROCESSING INC	Common Stock	053015103	137,034	727,085	SH		SOLE		727,085	0	0
AUTOZONE INC	Common Stock	053332102	227,068	161,695	SH		SOLE		161,695	0	0
B2GOLD CORP	Common Stock	11777Q209	49,628	11,529,671	SH		SOLE		11,529,671	0	0
BANK OF AMERICA CORP	Common Stock	060505104	203,311	5,254,877	SH		SOLE		5,254,877	0	0
BARRICK GOLD CORP	Common Stock	067901108	124,423	6,283,979	SH		SOLE		6,283,979	0	0
BECTON DICKINSON AND CO	Common Stock	075887109	567,339	2,333,289	SH		SOLE		2,333,289	0	0
BOOKING HOLDINGS INC	Common Stock	09857L108	833,409	357,711	SH		SOLE		357,711	0	0
BORGWARNER INC	Common Stock	099724106	89,390	1,928,168	SH		SOLE		1,928,168	0	0
BROADCOM INC	Common Stock	11135F101	529,539	1,142,084	SH		SOLE		1,142,084	0	0
BROADRIDGE FINANCIAL SOLUTIONS	Common Stock	11133T103	80,594	526,417	SH		SOLE		526,417	0	0
BURFORD CAPITAL LTD	Common Stock	G17977110	19,386	2,153,990	SH		SOLE		2,153,990	0	0
CAMECO CORP	Common Stock	13321L108	1,567	94,327	SH		SOLE		94,327	0	0
CARS.COM INC	Common Stock	14575E105	66,265	5,113,069	SH		SOLE		5,113,069	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	125269100	12,894	284,124	SH		SOLE		284,124	0	0
CHARLES SCHWAB CORP/THE	Common Stock	808513105	625,252	9,592,697	SH		SOLE		9,592,697	0	0
CHECK POINT SOFTWARE TECHNOLOG	Common Stock	M22465104	341,061	3,046,002	SH		SOLE		3,046,002	0	0
CHEMED CORP	Common Stock	16359R103	46,960	102,126	SH		SOLE		102,126	0	0
CHUBB LTD	Common Stock	H1467J104	3,701	23,430	SH		SOLE		23,430	0	0
CISCO SYSTEMS INC/DELAWARE	Common Stock	17275R102	415	8,016	SH		SOLE		8,016	0	0
CITIGROUP INC	Common Stock	172967424	676,521	9,299,264	SH		SOLE		9,299,264	0	0
CLIFFS NATURAL RESOURCES INC	Common Stock	185899101	10,595	526,872	SH		SOLE		526,872	0	0
CME GROUP INC/IL	Common Stock	12572Q105	79,888	391,169	SH		SOLE		391,169	0	0
COACH INC	Common Stock	876030107	56,467	1,370,230	SH		SOLE		1,370,230	0	0
COCA-COLA EUROPEAN PARTNERS PL	Common Stock	G25839104	241,520	4,630,368	SH		SOLE		4,630,368	0	0
CONCENTRIX CORP	Common Stock	20602D101	326,406	2,180,112	SH		SOLE		2,180,112	0	0
CONOCOPHILLIPS	Common Stock	20825C104	23,025	434,683	SH		SOLE		434,683	0	0
CONSTELLATION BRANDS INC	Common Stock	21036P108	65,438	287,010	SH		SOLE		287,010	0	0
CORTEVA INC	Common Stock	22052L104	7,853	168,449	SH		SOLE		168,449	0	0
CROWN CASTLE INTERNATIONAL COR	REIT	22822V101	98,435	571,862	SH		SOLE		571,862	0	0
CTRIP.COM INTERNATIONAL LTD	ADR	89677Q107	92,763	2,340,725	SH		SOLE		2,340,725	0	0
DANAHER CORP	Common Stock	235851102	722	3,209	SH		SOLE		3,209	0	0
DAQO NEW ENERGY CORP	ADR	23703Q203	115,108	1,524,604	SH		SOLE		1,524,604	0	0
DEERE & CO	Common Stock	244199105	16,796	44,891	SH		SOLE		44,891	0	0
DENTSPLY SIRONA INC	Common Stock	24906P109	166,648	2,611,621	SH		SOLE		2,611,621	0	0
DESCARTES SYSTEMS GROUP INC/TH	Common Stock	249906108	31,910	523,106	SH		SOLE		523,106	0	0
DIAGEO PLC	ADR	25243Q205	8	51	SH		SOLE		51	0	0
DIGITAL REALTY TRUST INC	REIT	253868103	20,422	145,000	SH		SOLE		145,000	0	0
DOLLAR GENERAL CORP	Common Stock	256677105	18,280	90,220	SH		SOLE		90,220	0	0
DR HORTON INC	Common Stock	23331A109	5,551	62,285	SH		SOLE		62,285	0	0
DR REDDY'S LABORATORIES LTD	ADR	256135203	1,021	16,632	SH		SOLE		16,632	0	0
DXC TECHNOLOGY CO	Common Stock	23355L106	56,469	1,806,442	SH		SOLE		1,806,442	0	0
EASTMAN CHEMICAL CO	Common Stock	277432100	237,791	2,159,381	SH		SOLE		2,159,381	0	0
EBAY INC	Common Stock	278642103	318,194	5,195,849	SH		SOLE		5,195,849	0	0
ECOLAB INC	Common Stock	278865100	17,717	82,764	SH		SOLE		82,764	0	0
ELECTRONIC ARTS INC	Common Stock	285512109	451,164	3,332,821	SH		SOLE		3,332,821	0	0
ESSENT GROUP LTD	Common Stock	G3198U102	56,891	1,197,954	SH		SOLE		1,197,954	0	0
ESTEE LAUDER COS INC/THE	Common Stock	518439104	658,917	2,265,489	SH		SOLE		2,265,489	0	0
EXXON MOBIL CORP	Common Stock	30231G102	5,024	89,990	SH		SOLE		89,990	0	0
FACEBOOK INC	Common Stock	30303M102	525,505	1,784,214	SH		SOLE		1,784,214	0	0
FACTSET RESEARCH SYSTEMS INC	Common Stock	303075105	289,540	938,266	SH		SOLE		938,266	0	0
FIDELITY NATIONAL FINANCIAL IN	Common Stock	31620R303	73,853	1,816,352	SH		SOLE		1,816,352	0	0
FIRST AMERICAN FINANCIAL CORP	Common Stock	31847R102	109,995	1,941,668	SH		SOLE		1,941,668	0	0
FOX CORP	Common Stock	35137L105	326,163	9,032,487	SH		SOLE		9,032,487	0	0
FREEPORT-MCMORAN INC	Common Stock	35671D857	200,595	6,091,554	SH		SOLE		6,091,554	0	0
GAMING AND LEISURE PROPERTIES	REIT	36467J108	47,371	1,116,449	SH		SOLE		1,116,449	0	0
GENERAC HOLDINGS INC	Common Stock	368736104	210,879	644,004	SH		SOLE		644,004	0	0
GENERAL MOTORS CO	Common Stock	37045V100	223,030	3,881,477	SH		SOLE		3,881,477	0	0
GOLDMAN SACHS GROUP INC/THE	Common Stock	38141G104	227,267	695,006	SH		SOLE		695,006	0	0
GREENLIGHT CAPITAL RE LTD	Common Stock	G4095J109	6,313	725,643	SH		SOLE		725,643	0	0
GRUPO AEROPORTUARIO DEL SUREST	ADR	40051E202	26,350	148,207	SH		SOLE		148,207	0	0
H&R BLOCK INC	Common Stock	093671105	2,786	127,800	SH		SOLE		127,800	0	0
HDFC BANK LTD	ADR	40415F101	162,018	2,085,439	SH		SOLE		2,085,439	0	0
HELMERICH & PAYNE INC	Common Stock	423452101	15,059	558,552	SH		SOLE		558,552	0	0
HESS CORP	Common Stock	42809H107	97,610	1,379,452	SH		SOLE		1,379,452	0	0
HOME DEPOT INC/THE	Common Stock	437076102	95,139	311,676	SH		SOLE		311,676	0	0
IAMGOLD CORP	Common Stock	450913108	18,229	6,117,145	SH		SOLE		6,117,145	0	0
ICON PLC	Common Stock	G4705A100	250,992	1,278,159	SH		SOLE		1,278,159	0	0
INFOSYS LTD	ADR	456788108	257,342	13,746,883	SH		SOLE		13,746,883	0	0
INGERSOLL RAND INC	Common Stock	45687V106	141,445	2,874,309	SH		SOLE		2,874,309	0	0
INTERCONTINENTAL EXCHANGE INC	Common Stock	45866F104	327,007	2,928,067	SH		SOLE		2,928,067	0	0
INTERCONTINENTAL HOTELS ADR	ADR	45857P806	5	73	SH		SOLE		73	0	0
INTUIT INC	Common Stock	461202103	614,426	1,603,994	SH		SOLE		1,603,994	0	0
IQVIA HOLDINGS INC	Common Stock	46266C105	172,442	892,836	SH		SOLE		892,836	0	0
ISHARES MSCI CHINA A ETF	ETP	46434V514	2,083	50,637	SH		SOLE		50,637	0	0
ISHARES MSCI INDIA ETF	ETP	46429B598	107,947	2,559,188	SH		SOLE		2,559,188	0	0
ISHARES MSCI SOUTH KOREA ETF	ETP	464286772	14,707	163,958	SH		SOLE		163,958	0	0
ISHARES MSCI TAIWAN ETF	ETP	46434G772	10,180	169,774	SH		SOLE		169,774	0	0
ISHARES MSCI TURKEY ETF	ETP	464286715	2,892	125,785	SH		SOLE		125,785	0	0
ITRON INC	Common Stock	465741106	79,615	898,083	SH		SOLE		898,083	0	0
JACOBS ENGINEERING GROUP INC	Common Stock	469814107	200,321	1,549,629	SH		SOLE		1,549,629	0	0
JOHNSON & JOHNSON	Common Stock	478160104	879,094	5,348,912	SH		SOLE		5,348,912	0	0
JPMORGAN CHASE & CO	Common Stock	46625H100	64,658	424,741	SH		SOLE		424,741	0	0
KEYSIGHT TECHNOLOGIES INC	Common Stock	49338L103	422,563	2,946,744	SH		SOLE		2,946,744	0	0
KINROSS GOLD CORP	Common Stock	496902404	52,216	7,829,962	SH		SOLE		7,829,962	0	0
KIRKLAND LAKE GOLD LTD	Common Stock	49741E100	104,444	3,093,086	SH		SOLE		3,093,086	0	0
KLA-TENCOR CORP	Common Stock	482480100	64,000	193,706	SH		SOLE		193,706	0	0
KOSMOS ENERGY LTD	Common Stock	500688106	6,339	2,064,693	SH		SOLE		2,064,693	0	0
LAM RESEARCH CORP	Common Stock	512807108	137,592	231,153	SH		SOLE		231,153	0	0
LANDSTAR SYSTEM INC	Common Stock	515098101	40,806	247,217	SH		SOLE		247,217	0	0
LEAR CORP	Common Stock	521865204	302,209	1,667,360	SH		SOLE		1,667,360	0	0
LINCOLN NATIONAL CORP	Common Stock	534187109	53,951	866,405	SH		SOLE		866,405	0	0
LOCKHEED MARTIN CORP	Common Stock	539830109	20,743	56,138	SH		SOLE		56,138	0	0
LYONDELLBASELL INDUSTRIES NV	Common Stock	N53745100	125,346	1,204,674	SH		SOLE		1,204,674	0	0
MAKEMYTRIP LTD	Common Stock	V5633W109	13,507	427,713	SH		SOLE		427,713	0	0
MARATHON PETROLEUM CORP	Common Stock	56585A102	12,364	231,151	SH		SOLE		231,151	0	0
MARSH & MCLENNAN COS INC	Common Stock	571748102	131,618	1,080,610	SH		SOLE		1,080,610	0	0
MASTERCARD INC	Common Stock	57636Q104	383,805	1,077,953	SH		SOLE		1,077,953	0	0
MCKESSON CORP	Common Stock	58155Q103	117,877	604,375	SH		SOLE		604,375	0	0
MEDTRONIC PLC	Common Stock	G5960L103	440,039	3,725,039	SH		SOLE		3,725,039	0	0
MERCK & CO INC	Common Stock	58933Y105	48,923	634,620	SH		SOLE		634,620	0	0
MGIC INVESTMENT CORP	Common Stock	552848103	18,846	1,360,716	SH		SOLE		1,360,716	0	0
MICROSOFT CORP	Common Stock	594918104	2,021,977	8,576,059	SH		SOLE		8,576,059	0	0
MONDELEZ INTERNATIONAL INC	Common Stock	609207105	259,759	4,438,054	SH		SOLE		4,438,054	0	0
MONSTER BEVERAGE CORP	Common Stock	61174X109	14,214	156,046	SH		SOLE		156,046	0	0
MOODY'S CORP	Common Stock	615369105	792,051	2,652,460	SH		SOLE		2,652,460	0	0
MORGAN STANLEY INTL LTD	Common Stock	617446448	187,376	2,412,773	SH		SOLE		2,412,773	0	0
MSCI INC	Common Stock	55354G100	13,322	31,774	SH		SOLE		31,774	0	0
NASDAQ OMX GROUP INC/THE	Common Stock	631103108	45,789	310,519	SH		SOLE		310,519	0	0
NET 1 UEPS TECHNOLOGIES INC	Common Stock	64107N206	1,478	263,840	SH		SOLE		263,840	0	0
NETAPP INC	Common Stock	64110D104	253,528	3,488,753	SH		SOLE		3,488,753	0	0
NETEASE INC	ADR	64110W102	441,780	4,278,331	SH		SOLE		4,278,331	0	0
NEWMONT CORP	Common Stock	651639106	130,494	2,165,149	SH		SOLE		2,165,149	0	0
NEXTERA ENERGY INC	Common Stock	65339F101	235,013	3,108,229	SH		SOLE		3,108,229	0	0
NIKE INC	Common Stock	654106103	329,841	2,482,064	SH		SOLE		2,482,064	0	0
NMI HOLDINGS INC	Common Stock	629209305	14,633	619,003	SH		SOLE		619,003	0	0
NOMAD FOODS LTD	Common Stock	G6564A105	227,865	8,298,073	SH		SOLE		8,298,073	0	0
NORTHERN TRUST CORP	Common Stock	665859104	56,295	535,579	SH		SOLE		535,579	0	0
NORTHROP GRUMMAN CORP	Common Stock	666807102	21,183	65,453	SH		SOLE		65,453	0	0
NOV INC	Common Stock	62955J103	53,467	3,896,977	SH		SOLE		3,896,977	0	0
NOVARTIS AG	ADR	66987V109	12	139	SH		SOLE		139	0	0
NUTRIEN LTD	Common Stock	67077M108	6,022	111,807	SH		SOLE		111,807	0	0
NVIDIA CORP	Common Stock	67066G104	71,679	134,247	SH		SOLE		134,247	0	0
NVR INC	Common Stock	62944T105	12,489	2,651	SH		SOLE		2,651	0	0
NXP SEMICONDUCTOR NV	Common Stock	N6596X109	275,521	1,368,434	SH		SOLE		1,368,434	0	0
O'REILLY AUTOMOTIVE INC	Common Stock	67103H107	23,676	46,675	SH		SOLE		46,675	0	0
PAN AMERICAN SILVER CORP	Common Stock	697900108	50,230	1,672,669	SH		SOLE		1,672,669	0	0
PENTAIR PLC	Common Stock	G7S00T104	175,217	2,811,572	SH		SOLE		2,811,572	0	0
PEPSICO INC	Common Stock	713448108	59,198	418,506	SH		SOLE		418,506	0	0
PHILIP MORRIS INTERNATIONAL IN	Common Stock	718172109	548,224	6,177,871	SH		SOLE		6,177,871	0	0
PHILLIPS 66	Common Stock	718546104	17,995	220,687	SH		SOLE		220,687	0	0
PIONEER NATURAL RESOURCES CO	Common Stock	723787107	167,725	1,056,071	SH		SOLE		1,056,071	0	0
PLATINUM GROUP METALS LTD	Common Stock	72765Q882	1,297	339,711	SH		SOLE		339,711	0	0
PRETIUM RESOURCES INC	Common Stock	74139C102	27,041	2,606,350	SH		SOLE		2,606,350	0	0
PROCTER & GAMBLE CO/THE	Common Stock	742718109	108,928	804,312	SH		SOLE		804,312	0	0
PROLOGIS INC	REIT	74340W103	28,379	267,730	SH		SOLE		267,730	0	0
RADIAN GROUP INC	Common Stock	750236101	5,233	225,069	SH		SOLE		225,069	0	0
RAYTHEON TECHNOLOGIES CORP	Common Stock	75513E101	308,454	3,991,899	SH		SOLE		3,991,899	0	0
REINSURANCE GROUP OF AMERICA I	Common Stock	759351604	2,901	23,017	SH		SOLE		23,017	0	0
RELIANCE STEEL & ALUMINUM CO	Common Stock	759509102	122,118	801,878	SH		SOLE		801,878	0	0
RESIDEO TECHNOLOGIES INC	Common Stock	76118Y104	148,072	5,241,477	SH		SOLE		5,241,477	0	0
ROCKWELL AUTOMATION INC	Common Stock	773903109	65,319	246,080	SH		SOLE		246,080	0	0
S&P GLOBAL INC	Common Stock	78409V104	488,750	1,385,070	SH		SOLE		1,385,070	0	0
SABRE CORP	Common Stock	78573M104	43,792	2,956,919	SH		SOLE		2,956,919	0	0
SAP SE	ADR	803054204	25	203	SH		SOLE		203	0	0
SIMON PROPERTY GROUP INC	REIT	828806109	48,623	427,378	SH		SOLE		427,378	0	0
SIX FLAGS ENTERTAINMENT CORP	Common Stock	83001A102	83,024	1,786,611	SH		SOLE		1,786,611	0	0
SPROTT PHYSICAL SILVER TRUST	Closed-End Fund	85207K107	17,529	1,996,420	SH		SOLE		1,996,420	0	0
SPROUTS FARMERS MARKET INC	Common Stock	85208M102	92,959	3,492,061	SH		SOLE		3,492,061	0	0
SSR MINING INC	Common Stock	784730103	62,505	4,376,038	SH		SOLE		4,376,038	0	0
STATE STREET CORP	Common Stock	857477103	268,216	3,192,664	SH		SOLE		3,192,664	0	0
STEEL DYNAMICS INC	Common Stock	858119100	11,118	219,034	SH		SOLE		219,034	0	0
STERIS PLC	Common Stock	G8473T100	49,923	262,092	SH		SOLE		262,092	0	0
STRYKER CORP	Common Stock	863667101	13,032	53,500	SH		SOLE		53,500	0	0
SVB FINANCIAL GROUP	Common Stock	78486Q101	233,529	473,057	SH		SOLE		473,057	0	0
SYNNEX CORP	Common Stock	87162W100	59,704	519,891	SH		SOLE		519,891	0	0
SYNOPSYS INC	Common Stock	871607107	259,341	1,046,658	SH		SOLE		1,046,658	0	0
TAIWAN SEMICONDUCTOR MANUFACTU	ADR	874039100	424,521	3,589,121	SH		SOLE		3,589,121	0	0
TE CONNECTIVITY LTD	Common Stock	H84989104	176,140	1,364,263	SH		SOLE		1,364,263	0	0
TENCENT MUSIC ENTERTAINMENT GR	ADR	88034P109	460,996	22,498,580	SH		SOLE		22,498,580	0	0
TERNIUM SA	ADR	880890108	95,023	2,446,512	SH		SOLE		2,446,512	0	0
TEXAS ROADHOUSE INC	Common Stock	882681109	93,094	970,340	SH		SOLE		970,340	0	0
THERMO FISHER SCIENTIFIC INC	Common Stock	883556102	237,805	521,068	SH		SOLE		521,068	0	0
TJX COS INC/THE	Common Stock	872540109	15,593	235,727	SH		SOLE		235,727	0	0
TRADEWEB MARKETS INC	Common Stock	892672106	15,314	206,946	SH		SOLE		206,946	0	0
TRANE TECHNOLOGIES PLC	Common Stock	G8994E103	414,114	2,501,290	SH		SOLE		2,501,290	0	0
TRANSUNION	Common Stock	89400J107	169,325	1,881,384	SH		SOLE		1,881,384	0	0
TWITTER INC	Common Stock	90184L102	88,920	1,397,456	SH		SOLE		1,397,456	0	0
UNILEVER PLC	ADR	904767704	30	540	SH		SOLE		540	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	512,662	1,377,864	SH		SOLE		1,377,864	0	0
VALE SA	ADR	91912E105	132,632	7,631,316	SH		SOLE		7,631,316	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	59,985	837,782	SH		SOLE		837,782	0	0
VENTAS INC	REIT	92276F100	10,374	194,483	SH		SOLE		194,483	0	0
VERISIGN INC	Common Stock	92343E102	621,803	3,128,409	SH		SOLE		3,128,409	0	0
VISA INC	Common Stock	92826C839	1,384,538	6,539,168	SH		SOLE		6,539,168	0	0
WALGREENS BOOTS ALLIANCE INC	Common Stock	931427108	3,466	63,136	SH		SOLE		63,136	0	0
WASTE MANAGEMENT INC	Common Stock	94106L109	223,375	1,731,324	SH		SOLE		1,731,324	0	0
WATSCO INC	Common Stock	942622200	78,410	300,710	SH		SOLE		300,710	0	0
WELBILT INC	Common Stock	949090104	71,218	4,382,662	SH		SOLE		4,382,662	0	0
WELLS FARGO & CO	Common Stock	949746101	5,483	140,333	SH		SOLE		140,333	0	0
WEST FRASER TIMBER CO LTD	Common Stock	952845105	6,936	96,419	SH		SOLE		96,419	0	0
WHEATON PRECIOUS METALS CORP	Common Stock	962879102	49,084	1,284,574	SH		SOLE		1,284,574	0	0
WIPRO LTD	ADR	97651M109	8,149	1,285,390	SH		SOLE		1,285,390	0	0
XTRACKERS HARVEST CSI 300 CHIN	ETP	233051879	1,261	32,651	SH		SOLE		32,651	0	0
YUM CHINA HOLDINGS INC	Common Stock	98850P109	103,456	1,761,973	SH		SOLE		1,761,973	0	0
ZOETIS INC	Common Stock	98978V103	12,433	78,950	SH		SOLE		78,950	0	0