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

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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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   30,434,377 350,869 SH   SOLE   242,074 0 108,795
CREDICORP LTD COM G2519Y108   63,935,476 499,613 SH   SOLE   343,620 0 155,993
HDFC BANK LTD SPONSORED ADS 40415F101   8,273,615 140,207 SH   SOLE   60,981 0 79,226
ICICI BANK LIMITED ADR 45104G104   13,911,905 601,726 SH   SOLE   210,760 0 390,966
INFOSYS LTD SPONSORED ADR 456788108   54,372,244 3,177,805 SH   SOLE   2,197,475 0 980,330
JD.COM INC SPON ADR CL A 47215P106   28,927,721 993,056 SH   SOLE   685,075 0 307,981
LIBERTY LATIN AMERICA LTD COM CL A G9001E102   7,830,630 959,636 SH   SOLE   660,992 0 298,644
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   23,488,340 2,878,473 SH   SOLE   1,975,323 0 903,150
MERCADOLIBRE INC COM 58733R102   93,777,476 73,964 SH   SOLE   50,735 0 23,229
NETEASE INC SPONSORED ADS 64110W102   75,984,982 758,636 SH   SOLE   523,274 0 235,362
NU HLDGS LTD ORD SHS CL A G6683N103   103,601,224 14,289,824 SH   SOLE   9,828,882 0 4,460,942
PDD HOLDINGS INC SPONSORED ADS 722304102   186,471,279 1,901,410 SH   SOLE   1,310,412 0 590,998
YANDEX N V SHS CLASS A N97284108   0 3,492,132 SH   SOLE   2,950,177 0 541,955
ZAI LAB LTD ADR 98887Q104   25,091,955 1,032,166 SH   SOLE   710,782 0 321,384