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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
PAGSEGURO DIGITAL LTD COM CL A G68707101   29,565 3,131,969 SH   SOLE   3,131,969 0 0
STONECO LTD COM CL A G85158106   44,379 3,483,491 SH   SOLE   3,483,491 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   2,966 35,592 SH   SOLE   35,592 0 0
AUTOHOME INC SP ADS RP CL A 05278C107   29,911 1,025,768 SH   SOLE   1,025,768 0 0
BRF SA SPONSORED ADR 10552T107   32,268 16,983,355 SH   SOLE   16,983,355 0 0
CANAAN INC SPONSORED ADS 134748102   3,007 1,412,141 SH   SOLE   1,412,141 0 0
CENTERRA GOLD INC COM 152006102   4,454 561,015 SH   SOLE   561,015 0 0
CIA ENERGETICA DE MINAS GERA SP ADR N-V PFD 204409601   32,720 12,441,419 SH   SOLE   12,441,419 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   34,560 4,702,121 SH   SOLE   4,702,121 0 0
DBX ETF TR XTRACK HRVST CSI 233051879   1,349 50,445 SH   SOLE   50,445 0 0
DOUYU INTL HLDGS LTD SPONSORED ADS 25985W105   3,391 3,230,100 SH   SOLE   3,230,100 0 0
EQUINOX GOLD CORP COM 29446Y502   5,282 1,153,400 SH   SOLE   1,153,400 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300   44,239 10,533,184 SH   SOLE   10,533,184 0 0
HELLO GROUP INC ADS 423403104   7,212 750,495 SH   SOLE   750,495 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106   5,453 807,968 SH   SOLE   807,968 0 0
HUYA INC ADS REP SHS A 44852D108   4,442 1,241,000 SH   SOLE   1,241,000 0 0
IAMGOLD CORP COM 450913108   27,151 10,323,857 SH   SOLE   10,323,857 0 0
KINROSS GOLD CORP COM 496902404   29,578 6,200,928 SH   SOLE   6,200,928 0 0
KRANESHARES TR CSI CHI INTERNET 500767306   1,365 50,700 SH   SOLE   50,700 0 0
LUFAX HOLDING LTD ADS REP SHS CL A 54975P102   19,493 13,632,000 SH   SOLE   13,632,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203   2,435 217,812 SH   SOLE   217,812 0 0
NATURA &CO HLDG S A ADS 63884N108   24,391 3,499,526 SH   SOLE   3,499,526 0 0
NIU TECHNOLOGIES ADS 65481N100   4,504 1,131,762 SH   SOLE   1,131,762 0 0
PAN AMERN SILVER CORP COM 697900108   23,720 1,626,938 SH   SOLE   1,626,938 0 0
QUDIAN INC ADR 747798106   482 241,154 SH   SOLE   241,154 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104   568 95,426 SH   SOLE   95,426 0 0
ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101   387 98,700 SH   SOLE   98,700 0 0
VIPSHOP HOLDINGS LIMITED SPONSORED ADS A 92763W103   47,785 2,896,071 SH   SOLE   2,896,071 0 0
WEIBO CORP SPONSORED ADR 948596101   20,158 1,537,673 SH   SOLE   1,537,673 0 0