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 682,418 7,110 SH OTR 1 7,110 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 278,374 80,223 SH OTR 1 80,223 0 0
HDFC BANK LTD SPONSORED ADS 40415F101 92,988 3,600 SH OTR 1 3,600 0 0
ICICI BANK LIMITED ADR 45104G104 209,016 7,200 SH OTR 1 7,200 0 0
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 2,743,640 5,745 SH OTR 1 5,745 0 0