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 HLDG LTD SPONSORED ADS 01609W102 55,415,528 488,630 SH SOLE 399,122 0 89,508
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 1,223,321 48,506 SH SOLE 0 0 48,506
CORPORACION AMER ARPTS S A COM L1995B107 1,667,945 82,327 SH SOLE 0 0 82,327
COUPANG INC CL A 22266T109 16,365,380 546,241 SH SOLE 434,489 0 111,752
EMBRAER S.A. SPONSORED ADS 29082A107 24,225,107 425,674 SH SOLE 294,239 0 131,435
GOLD FIELDS LTD SPONSORED ADR 38059T106 77,646,737 3,280,386 SH SOLE 2,121,277 0 1,159,109
GRAN TIERRA ENERGY INC COM 38500T200 1,077,285 226,147 SH SOLE 0 0 226,147
GRUPO FINANCIERO GALICIA S.A SPONSORED ADR 399909100 8,185,956 162,452 SH SOLE 90,106 0 72,346
KOSMOS ENERGY LTD COM 500688106 3,879,527 2,255,539 SH SOLE 2,255,539 0 0
LI AUTO INC SPONSORED ADS 50202M102 66,417,196 2,449,915 SH SOLE 1,497,684 0 952,231
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 1,583,136 144,315 SH SOLE 0 0 144,315
MERCADOLIBRE INC COM 58733R102 50,333,287 19,258 SH SOLE 19,258 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 59,341,473 4,743,523 SH SOLE 4,743,523 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 20,470,884 580,405 SH SOLE 404,270 0 176,135
SOUTHERN COPPER CORP COM 84265V105 23,502,702 232,309 SH SOLE 9,232 0 223,077
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 3,276,555 104,183 SH SOLE 104,183 0 0