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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
BANCOLOMBIA S A SPON ADR PREF 05968L102   8,529,749 339,745 SH   SOLE   339,745 0 0
GERDAU SA SPON ADR REP PFD 373737105   3,245,177 658,251 SH   SOLE   658,251 0 0
GRUPO TELEVISA S A B SPON ADR REP ORD 40049J206   237,506 44,951 SH   SOLE   44,951 0 0
MERCADOLIBRE INC COM 58733R102   7,218,049 5,480 SH   SOLE   5,480 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   10,748,866 1,030,572 SH   SOLE   1,030,572 0 0
SOUTHERN COPPER CORP COM 84265V105   1,500,283 19,714 SH   SOLE   19,714 0 0
TERNIUM SA SPONSORED ADS 880890108   1,841,411 44,655 SH   SOLE   44,655 0 0
VALE S A SPONSORED ADS 91912E105   15,098,604 956,819 SH   SOLE   956,819 0 0