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
Expires: July 31, 2015
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 ADR REP 8 ORD ORDINARY SHARES 01609W102 3,253,506 28,688 SH SOLE 28,688 0 0
FUTU HOLDINGS ADR ORDINARY SHARES 36118L106 2,192,239 17,738 SH SOLE 17,738 0 0
KE HOLDINGS ADR REP 3 CL A ORD ORDINARY SHARES 482497104 1,304,617 73,541 SH SOLE 73,541 0 0
NETEASE ADR ORDINARY SHARES 64110W102 2,141,033 15,909 SH SOLE 15,909 0 0
PDD HOLDINGS ADS ORDINARY SHARES 722304102 4,042,702 38,627 SH SOLE 38,627 0 0
TENCENT HOLDINGS ADR ORDINARY SHARES 88032Q109 11,139,408 172,704 SH SOLE 172,704 0 0
TENCENT MUSC ENT ADR REP 2 CL A ORD ORDINARY SHARES 88034P109 2,364,020 121,294 SH SOLE 121,294 0 0
COUPANG CL A ORD ORDINARY SHARES 22266T109 3,325,560 111,000 SH SOLE 111,000 0 0
ISHARES CORE MSCI EMERGING ETF ORDINARY SHARES 46434G103 28,960,513 482,434 SH SOLE 482,434 0 0
ISHARES MSCI EMERGING MARKETS ETF ORDINARY SHARES 46434G764 39,766,203 629,810 SH SOLE 629,810 0 0
MERCADOLIBRE ORD ORDINARY SHARES 58733R102 4,262,831 1,631 SH SOLE 1,631 0 0
SEA ADS REP CL A ORD ORDINARY SHARES 81141R100 4,167,237 26,055 SH SOLE 26,055 0 0
TAIWAN SEMICONDUCTOR MNFTG ADR 5 ORD ORDINARY SHARES 874039100 6,461,307 28,528 SH SOLE 28,528 0 0
ABB ADR REP 1 ORD ORDINARY SHARES 000375204 1,307,608 21,914 SH SOLE 21,914 0 0
AIRBUS SE UNSPONSORED ADR ORDINARY SHARES 009279100 1,343,139 25,652 SH SOLE 25,652 0 0
SCHNEIDER ELECTRIC SE UNSPONSORE ADR ORDINARY SHARES 80687P106 1,344,696 25,191 SH SOLE 25,191 0 0
SIEMENS ADR ORDINARY SHARES 826197501 1,323,108 10,267 SH SOLE 10,267 0 0
SIEMENS ENERGY ADR ORDINARY SHARES 82621A104 1,423,456 12,286 SH SOLE 12,286 0 0
ISHARES GOLD TR MICRO UNDIV BENF ETV ORDINARY SHARES 46436F103 3,963,485 120,142 SH SOLE 120,142 0 0
MITSUBISHI HEAVY INDS ADR ORDINARY SHARES 606793404 1,311,665 26,194 SH SOLE 26,194 0 0
MITSUBISHI UFJ FNCL GRP ADS REP ORD ORDINARY SHARES 606822104 3,575,583 260,611 SH SOLE 260,611 0 0
SUMITOMO MIT ADR REP 3/5TH OF ORD ORDINARY SHARES 86562M209 2,561,024 169,492 SH SOLE 169,492 0 0
VANGUARD FTSE ALL WORLD EX US ETF ORDINARY SHARES 922042775 19,432,226 289,084 SH SOLE 289,084 0 0