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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
HSBC HLDGS PLC SPON ADR NEW 404280406 42,757 954,190 SH   SOLE 929,015 0 25,175
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 915 27,836 SH   SOLE 1,786 0 26,050
POSCO SPONSORED ADR 693483109 945 19,244 SH   SOLE 838 0 18,406