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

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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
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 16,050 646,125 SH   SOLE 0 646,125 0 0
CITIGROUP INC COM NEW 172967424 23,116 443,000 SH   SOLE 0 443,000 0 0
GAP INC DEL COM 364760108 21,851 525,000 SH   SOLE 0 525,000 0 0
ISHARES MSCI BRZ CAP ETF 464286400 13,071 302,000 SH   SOLE 0 302,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 179,512 4,329,753 SH   SOLE 0 4,329,753 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 9,530 686,600 SH   SOLE 0 686,600 0 0
JD COM INC SPON ADR CL A 47215P106 26,296 1,022,000 SH   SOLE 0 1,022,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 116,596 591,020 SH   SOLE 0 591,020 0 0
SPRINT CORP COM SER 1 85207U105 123,859 19,413,685 SH   SOLE 0 19,413,685 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 24,920 498,445 SH   SOLE 0 498,445 0 0