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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
ANGLOGOLD ASHANTI LTD COMMON STOCK 035128206 73,514 3,370,107 SH   DFND 1,2 3,370,107 0 0
AZUL SA COMMON STOCK 05501U106 42,781 2,133,957 SH   DFND 1,2 2,133,957 0 0
BANCO BRADESCO SA COMMON STOCK 059460303 73,812 15,815,882 SH   DFND 1,2 15,815,882 0 0
ICICI BANK LTD COMMON STOCK 45104G104 82,262 5,167,262 SH   DFND 1,2 5,167,262 0 0
ISHARES MSCI INDIA ETF ETF 46429B598 2,659 86,900 SH   DFND 1,2 86,900 0 0
MERCADOLIBRE INC COMMON STOCK 58733R102 17,490 11,998 SH   DFND 1,2 11,998 0 0
PETROLEO BRASILEIRO SA COMMON STOCK 71654V408 80,415 9,548,807 SH   DFND 1,2 9,548,807 0 0
VALE SA COMMON STOCK 91912E105 110,679 6,368,157 SH   DFND 1,2 6,368,157 0 0