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
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 10,608,539 956,586 SH SOLE NONE 0 0 956,586
PAMPA ENERGIA SA SPONS ADR LVL I 697660207 23,250,101 262,713 SH SOLE NONE 0 0 262,713
TRANSPORTADORA DE GAS DEL SU SPONSORED ADS B 893870204 19,728,150 570,013 SH SOLE NONE 0 0 570,013
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109 15,773,230 209,000 SH SOLE NONE 0 0 209,000
EMBRAER S.A. SPONSORED ADS 29082A107 4,153,800 70,000 SH SOLE NONE 0 0 70,000
ARCOS DORADOS HLDGS INC SHS CLASS -A - G0457F107 7,740,472 938,239 SH SOLE NONE 0 0 938,239
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 4,144,600 115,000 SH SOLE NONE 0 0 115,000
CREDICORP LTD COM G2519Y108 16,450,230 48,500 SH SOLE NONE 0 0 48,500