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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
LUXOFT HLDG INC ORD SHS CL A G57279104 166 3,500 SH   SOLE   3,500 0 0
YANDEX N V SHS CLASS A N97284108 48,228 1,466,330 SH   SOLE   1,466,330 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 7,074 4,137,087 SH   SOLE   4,137,087 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 38,166 2,846,069 SH   SOLE   2,846,069 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 33,029 1,686,001 SH   SOLE   1,686,001 0 0
FIRST SOLAR INC COM 336433107 43,251 893,251 SH   SOLE   893,251 0 0
GAFISA S A UNSPONSORED ADR 362607400 825 151,403 SH   SOLE   151,403 0 0
JD COM INC SPON ADR CL A 47215P106 23,002 881,628 SH   SOLE   881,628 0 0
QIWI PLC SPON ADR REP B 74735M108 2,946 223,682 SH   SOLE   223,682 0 0
SSR MNG INC COM 784730103 4,955 568,832 SH   SOLE   568,832 0 0