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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
PETROLEO BRAS ADR 71654V408 105 7,585 SH   SOLE   7,585 0 0
KB FINANCIAL ADR 48241A105 862 21,268 SH   SOLE   21,268 0 0
MOLSON COORS ORD 60871R209 2,322 41,347 SH   SOLE   41,347 0 0
KT Corp ADR ADR 48268K101 5,647 379,783 SH   SOLE   379,783 0 0
SASOL ADR ADR 803866300 221 4,470 SH   SOLE   4,470 0 0
BAIDU ORD 056752108 20,374 114,540 SH   SOLE   114,540 0 0
TRANSOCEAN ORD H8817H100 7,151 144,692 SH   SOLE   144,692 0 0