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
DBX ETF TR XTRACK HRVST CSI 233051879 3,371 108,638 SH   SOLE   108,638 0 0
DR REDDYS LABS LTD ADR 256135203 2,528 67,305 SH   SOLE   67,305 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 4,575 44,999 SH   SOLE   44,999 0 0
ICICI BK LTD ADR 45104G104 3,917 402,613 SH   SOLE   402,613 0 0
ISHARES INC MSCI EURZONE ETF 464286608 8,961 206,581 SH   SOLE   206,581 0 0
ISHARES INC MSCI CDA ETF 464286509 901 30,389 SH   SOLE   30,389 0 0
ISHARES INC MSCI JAPAN ETF NEW 46434G822 1,687 28,150 SH   SOLE   28,150 0 0
ISHARES INC MSCI THAILND ETF 464286624 4,040 43,672 SH   SOLE   43,672 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 1,880 24,649 SH   SOLE   24,649 0 0
ISHARES TR LATN AMER 40 ETF 464287390 682 19,948 SH   SOLE   19,948 0 0
ISHARES TR JPMORGAN USD EMG 464288281 549 4,726 SH   SOLE   4,726 0 0
ISHARES TR MSCI POLAND ETF 46429B606 4,242 156,588 SH   SOLE   156,588 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 9,801 208,001 SH   SOLE   208,001 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 4,938 173,693 SH   SOLE   173,693 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 579 3,720 SH   SOLE   3,720 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 372 3,012 SH   SOLE   3,012 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,652 47,409 SH   SOLE   47,409 0 0
VEDANTA LTD SPONSORED ADR 92242Y100 2,709 130,050 SH   SOLE   130,050 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 3,525 126,599 SH   SOLE   126,599 0 0