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 ADR 47215P106 220 2,505 SH   DFND   0 0 2,505
MERCADOLIBRE INC COMMON STOCK 58733R102 196 117 SH   DFND   0 0 117
NEW ORIENTAL EDUCATION SPONSORED ADR 647581107 208 1,117 SH   DFND   0 0 1,117
ALIBABA GROUP HOLDING SPONSORED ADS 01609W102 224 962 SH   DFND   0 0 962
BAIDU INC SPON ADR REP A 056752108 238 1,101 SH   DFND   0 0 1,101
HDFC BANK LTD ADR REPS 3 SHS 40415F101 211 2,925 SH   DFND   0 0 2,925
INFOSYS LTD SPONSORED ADR 456788108 217 12,800 SH   DFND   0 0 12,800
NETEASE INC SPONSORED ADS 64110W102 159 1,664 SH   DFND   0 0 1,664
TAIWAN SEMICONDUCTOR SPONSORED ADR 874039100 243 2,225 SH   DFND   0 0 2,225