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
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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
Autohome ADR ADR 05278C107 141,759 1,480,800 SH   SOLE NONE 92,614,865 0 49,144,324
Buenaventura-Adr ADR 204448104 16,859 1,382,066 SH   SOLE NONE 10,666,521 0 6,192,846
Cia Cervecerias ADR ADR 204429104 1,063 82,296 SH   SOLE NONE 0 0 1,063,309
Copa Holdings STK P31076105 1,178 23,400 SH   SOLE NONE 0 0 1,177,956
Credicorp Ltd STK G2519Y108 1,017 8,200 SH   SOLE NONE 0 0 1,016,718
Despegar.com Corp STK G27358103 529 83,200 SH   SOLE NONE 0 0 529,152
FEMSA ADR 344419106 28,332 505,816 SH   SOLE NONE 18,395,404 0 9,936,906
ICICI Bank ADR ADR 45104G104 92,161 9,398,506 SH   SOLE NONE 57,044,671 0 35,115,974
Infosys Limited ADR ADR 456788108 118,885 8,630,750 SH   SOLE NONE 74,866,149 0 44,018,602
IShares MSCI India ETF STK 46429B598 18,624 552,128 SH   SOLE NONE 0 0 18,623,758
IShares MSCI Taiwan Index STK 46434G772 7,832 175,095 SH   SOLE NONE 0 0 7,831,783
IShares S&P India Nifty 50 DTC STK 464289529 9,734 280,549 SH   SOLE NONE 0 0 9,734,256
Taiwan Semiconductor-SP ADR ADR 874039100 14,806 183,326 SH   SOLE NONE 0 0 14,805,559
Tencent Music Entertainment ADR 88034P109 1 42 SH   SOLE NONE 0 0 618
Yandex Nv-A STK N97284108 192,403 2,957,183 SH   SOLE NONE 124,445,328 0 67,958,075
Yum China Holdings Inc STK 98850P109 96,536 1,829,300 SH   SOLE NONE 69,216,805 0 27,318,809