The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 19,081 217,297 SH   SOLE   217,297 0 0
ALPHABET INC CAP STK CL A 02079K305 517 653 SH   SOLE   653 0 0
ALPHABET INC CAP STK CL C 02079K107 3,785 4,904 SH   SOLE   4,904 0 0
AMAZON COM INC COM 023135106 1,044 1,392 SH   SOLE   1,392 0 0
AON PLC SHS CL A G0408V102 1,171 10,497 SH   SOLE   10,497 0 0
BAIDU INC SPON ADR REP A 056752108 10,238 62,272 SH   SOLE   62,272 0 0
BANK AMER CORP COM 060505104 2,564 116,040 SH   SOLE   116,040 0 0
BANK NEW YORK MELLON CORP COM 064058100 427 9,021 SH   SOLE   9,021 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,847 11,330 SH   SOLE   11,330 0 0
SCHWAB CHARLES CORP NEW COM 808513105 1,685 42,680 SH   SOLE   42,680 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 1,942 6,744 SH   SOLE   6,744 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 255 4,864 SH   SOLE   4,864 0 0
CME GROUP INC COM 12572Q105 672 5,827 SH   SOLE   5,827 0 0
COMCAST CORP NEW CL A 20030N101 319 4,615 SH   SOLE   4,615 0 0
CREDICORP LTD COM G2519Y108 12,887 81,638 SH   SOLE   81,638 0 0
FACEBOOK INC CL A 30303M102 2,949 25,636 SH   SOLE   25,636 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 218 23,900 SH   SOLE   23,900 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 6,521 85,564 SH   SOLE   85,564 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 773 3,230 SH   SOLE   3,230 0 0
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 497 6,017 SH   SOLE   6,017 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 2,813 46,363 SH   SOLE   46,363 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,367 24,224 SH   SOLE   24,224 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 14,509 1,411,391 SH   SOLE   1,411,391 0 0
JOHNSON & JOHNSON COM 478160104 250 2,168 SH   SOLE   2,168 0 0
JPMORGAN CHASE & CO COM 46625H100 1,450 16,802 SH   SOLE   16,802 0 0
MASTERCARD INCORPORATED CL A 57636Q104 1,494 14,467 SH   SOLE   14,467 0 0
MERCADOLIBRE INC COM 58733R102 11,201 71,734 SH   SOLE   71,734 0 0
MERCK & CO INC COM 58933Y105 381 6,471 SH   SOLE   6,471 0 0
MICROSOFT CORP COM 594918104 264 4,247 SH   SOLE   4,247 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 9,689 278,333 SH   SOLE   278,333 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 359 35,530 SH   SOLE   35,530 0 0
PRICELINE GRP INC COM NEW 741503403 1,479 1,009 SH   SOLE   1,009 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 1,275 43,729 SH   SOLE   43,729 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 935 17,200 SH   SOLE   17,200 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 514 8,859 SH   SOLE   8,859 0 0
SAP SE SPON ADR 803054204 1,963 22,711 SH   SOLE   22,711 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 342 9,099 SH   SOLE   9,099 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 11,053 384,445 SH   SOLE   384,445 0 0
TATA MTRS LTD SPONSORED ADR 876568502 944 27,460 SH   SOLE   27,460 0 0
US BANCORP DEL COM NEW 902973304 305 5,936 SH   SOLE   5,936 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,576 16,097 SH   SOLE   16,097 0 0
VISA INC COM CL A 92826C839 869 11,136 SH   SOLE   11,136 0 0
YANDEX N V SHS CLASS A N97284108 8,442 419,376 SH   SOLE   419,376 0 0