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 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
JD COM INC SPONSORED ADR 47215P106 47 1,152 SH   DFND   0 0 1,152
MERCADOLIBRE INC COMMON STOCK 58733R102 40 82 SH   DFND   0 0 82
VIPSHOP HOLDINGS LTD SPONSORED ADS 92763W103 44 2,841 SH   DFND   0 0 2,841
STONECO LTD A COM CL A G85158106 38 1,750 SH   DFND   0 0 1,750
GLOBANT SA COMMON STOCK L44385109 41 467 SH   DFND   0 0 467
ALIBABA GROUP HOLDING SPONSORED ADS 01609W102 49 251 SH   DFND   0 0 251
BAIDU INC SPON ADR REP A 056752108 46 457 SH   DFND   0 0 457
FABRINET SHS G3323L100 40 734 SH   DFND   0 0 734
NETEASE INC SPONSORED ADS 64110W102 49 154 SH   DFND   0 0 154
TAIWAN SEMICONDUCTOR SPONSORED ADR 874039100 48 996 SH   DFND   0 0 996
WNS HOLDINGS LTD SPONSORED ADR 92932M101 42 974 SH   DFND   0 0 974
YANDEX NV SHS CLASS A N97284108 45 1,322 SH   DFND   0 0 1,322