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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
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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
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100   24,932 1,910,503 SH   SOLE   1,910,503 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106   4,984 928,079 SH   SOLE   928,079 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   5,880 621,614 SH   SOLE   621,614 0 0
BANCO BRADESCO S.A. SP ADR PFD NEW 059460303   4,467 1,567,511 SH   SOLE   1,567,511 0 0
MERCADOLIBRE INC COM 58733R102   22,184 17,497 SH   SOLE   17,497 0 0
XP INC CL A G98239109   5,110 221,699 SH   SOLE   221,699 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109   50,132 2,733,490 SH   SOLE   2,733,490 0 0
BANCOLOMBIA SA SPON ADR PREF 05968L102   11,335 424,834 SH   SOLE   424,834 0 0
GRUPO AEROPORTUARIO DEL CENT SPON ADR 400501102   26,172 301,144 SH   SOLE   301,144 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   43,563 399,110 SH   SOLE   399,110 0 0
CREDICORP LTD COM G2519Y108   49,920 390,088 SH   SOLE   390,088 0 0