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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
FREDS INCCL A3561081006,39113,000,000SH SOLENONE13,000,00000
GANNETT CO INCCOM36473H10435,2314,317,598SH SOLENONE4,317,59800
ISHARES INCMSCI BRAZIL ETF4642864002,04246,700SH SOLENONE46,70000
ISHARES INCMSCI THAILND ETF4642866241,11811,700SH SOLENONE11,70000
ISHARES INCMSCI CHILE ETF46428664093222,800SH SOLENONE22,80000
ISHARES INCMSCI MEXICO ETF4642868221,95245,000SH SOLENONE45,00000
ISHARES INCMSCI MLY ETF NEW46434G81498833,200SH SOLENONE33,20000
ISHARES TRMSCI INDONIA ETF46429B30998838,000SH SOLENONE38,00000
ISHARES TRMSCI PHILIPS ETF46429B4081,03229,000SH SOLENONE29,00000
ISHARES TRMSCI INDIA ETF46429B5982,15461,000SH SOLENONE61,00000
TEGNA INCCOM87901J1058,711575,000SH SOLENONE575,00000
TURKCELL ILETISIM HIZMETLERISPON ADR NEW9001112043,699675,000SH SOLENONE675,00000