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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
AGILETHOUGHT INC CLASS A COM 00857F100 1,021 224,841 SH   SOLE   224,841 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 9,095 1,723,591 SH   SOLE   1,723,591 0 0
CONTROLADORA VUELA COMP DE A SPON ADR RP 10 21240E105 3,300 181,783 SH   SOLE   181,783 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 789 132,879 SH   SOLE   132,879 0 0
GERDAU SA SPON ADR REP PFD 373737105 4,467 694,785 SH   SOLE   694,785 0 0
GRUPO TELEVISA S A B SPON ADR REP ORD 40049J206 8,288 710,025 SH   SOLE   710,025 0 0
MERCADOLIBRE INC COM 58733R102 11,050 9,311 SH   SOLE   9,311 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 29,809 2,014,113 SH   SOLE   2,014,113 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 7,392 86,478 SH   SOLE   86,478 0 0
SOUTHERN COPPER CORP COM 84265V105 1,522 20,141 SH   SOLE   20,141 0 0
TERNIUM SA SPONSORED ADS 880890108 3,543 77,697 SH   SOLE   77,697 0 0
VALE S A SPONSORED ADS 91912E105 31,779 1,589,757 SH   SOLE   1,589,757 0 0