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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
CREDICORP LTD COM G2519Y108 34,667,281 155,097 SH SOLE 155,097 0 0
KINROSS GOLD CORP COM 496902404 55,480,842 3,549,638 SH SOLE 3,549,638 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 5,246,211 454,611 SH SOLE 454,611 0 0
TERNIUM SA SPONSORED ADS 880890108 27,001,175 897,049 SH SOLE 897,049 0 0
LAUREATE EDUCATION INC COMMON STOCK 518613203 21,614,810 924,500 SH SOLE 924,500 0 0
BANCO MACRO SA SPON ADR B 05961W105 19,484,398 277,516 SH SOLE 277,516 0 0
COPA HOLDINGS SA CL A P31076105 24,248,385 220,500 SH SOLE 220,500 0 0
ERO COPPER CORP COM 296006109 17,463,475 1,036,408 SH SOLE 1,036,408 0 0
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109 28,265,272 591,200 SH SOLE 591,200 0 0