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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   9,911,622 346,873 SH   SOLE   346,873 0 0
GERDAU SA SPON ADR REP PFD 373737105   4,046,327 730,384 SH   SOLE   730,384 0 0
GRUPO TELEVISA S A B SPON ADR REP ORD 40049J206   1,815,860 397,628 SH   SOLE   397,628 0 0
MERCADOLIBRE INC COM 58733R102   5,326,071 6,288 SH   SOLE   6,288 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   17,189,004 1,613,991 SH   SOLE   1,613,991 0 0
SOUTHERN COPPER CORP COM 84265V105   1,193,523 19,714 SH   SOLE   19,714 0 0
TERNIUM SA SPONSORED ADS 880890108   2,251,779 73,631 SH   SOLE   73,631 0 0
VALE S A SPONSORED ADS 91912E105   21,661,577 1,276,463 SH   SOLE   1,276,463 0 0