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
MERCADOLIBRE INC COMMON STOCK 58733R102 314 264 SH   DFND   0 0 264
XP INC CLASS A G98239109 363 12,074 SH   DFND   0 0 12,074
GLOBANT SA COMMON STOCK L44385109 347 1,325 SH   DFND   0 0 1,325
ALIBABA GROUP HOLDING SPONSORED ADS 01609W102 274 2,519 SH   DFND   0 0 2,519
BAIDU INC SPON ADR REP A 056752108 310 2,344 SH   DFND   0 0 2,344
FABRINET SHS G3323L100 326 3,100 SH   DFND   0 0 3,100
HDFC BANK LTD ADR REPS 3 SHS 40415F101 361 5,887 SH   DFND   0 0 5,887
INFOSYS LTD SPONSORED ADR 456788108 421 16,917 SH   DFND   0 0 16,917
NETEASE INC SPONSORED ADS 64110W102 380 4,232 SH   DFND   0 0 4,232
TAIWAN SEMICONDUCTOR SPONSORED ADR 874039100 406 3,892 SH   DFND   0 0 3,892
WNS HOLDINGS LTD SPONSORED ADR 92932M101 401 4,689 SH   DFND   0 0 4,689