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
ALIBABA GROUP HOLDING SPONSORED ADS 01609W102 36 195 SH   DFND   0 0 195
BAIDU INC SPON ADR REP A 056752108 33 202 SH   DFND   0 0 202
GRUPO AEROPORTUARIO CEN SPON ADR 400501102 36 796 SH   DFND   0 0 796
HDFC BANK LTD ADR REPS 3 SHS 40415F101 34 292 SH   DFND   0 0 292
ICICI BANK LTD ADR 45104G104 28 2,425 SH   DFND   0 0 2,425
INFOSYS LTD SPONSORED ADR 456788108 34 3,139 SH   DFND   0 0 3,139
ISHARES MSCI INDIA ETF 46429B598 282 7,999 SH   DFND   0 0 7,999
TAIWAN SEMICONDUCTOR SPONSORED ADR 874039100 34 822 SH   DFND   0 0 822
VALE S A SPONSORED ADS 91912E105 35 2,678 SH   DFND   0 0 2,678
YANDEX NV SHS CLASS A N97284108 33 972 SH   DFND   0 0 972