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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
ISHARES TR MSCI INDIA ETF 46429B598 1,371 40,835 SH   DFND   40,835 0 0
ISHARES INC MSCI HONG KG ETF 464286871 16,971 747,611 SH   DFND   747,611 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 307,915 1,855,895 SH   DFND   1,855,895 0 0
BAIDU INC SPON ADR REP A 056752108 33,657 332,467 SH   DFND   332,467 0 0
CTRIP COM INTL LTD SPONSORED ADS 22943F100 16,499 568,704 SH   DFND   568,704 0 0
JD COM INC SPON ADR CL A 47215P106 20,526 737,887 SH   DFND   737,887 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 18,362 172,887 SH   DFND   172,887 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 14,079 417,037 SH   DFND   417,037 0 0
PINDUODUO INC SPONSORED ADS 722304102 3,241 103,610 SH   DFND   103,610 0 0
DOUYU INTERNATIONAL HLDNGS L SPONSORED ADS 25985W105 21,788 2,660,363 SH   DFND   2,660,363 0 0