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
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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
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 1,677,907 57,286 SH SOLE 57,286 0 0
GRUPO AEROMEXICO SAB DE CV SPONSORED ADS 40054J109 2,333,250 129,625 SH SOLE 129,625 0 0
GRUPO CIBEST SA SPON ADS 40090E106 6,127,310 77,141 SH SOLE 77,141 0 0
ISHARES INC CORE MSCI EMKT 46434G103 733,548 8,855 SH SOLE 8,855 0 0
ISHARES INC MSCI AUST ETF 464286103 455,037 16,159 SH SOLE 16,159 0 0
ISHARES INC MSCI CDA ETF 464286509 3,420,358 59,340 SH SOLE 59,340 0 0
ISHARES INC MSCI STH AFR ETF 464286780 1,426,767 22,579 SH SOLE 22,579 0 0
ISHARES INC MSCI STH KOR ETF 464286772 3,423,618 16,957 SH SOLE 16,957 0 0
ISHARES INC MSCI WORLD ETF 464286392 522,609 2,579 SH SOLE 2,579 0 0
ISHARES TR CORE S&P500 ETF 464287200 7,120,446 9,508 SH SOLE 9,508 0 0
ISHARES TR CORE US AGGBD ET 464287226 3,181,118 32,139 SH SOLE 32,139 0 0
ISHARES TR LATN AMER 40 ETF 464287390 3,413,273 101,134 SH SOLE 101,134 0 0
ISHARES TR MSCI ACWI ETF 464288257 6,580,653 41,923 SH SOLE 41,923 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 5,024,748 42,108 SH SOLE 42,108 0 0
ISHARES TR MSCI CHINA ETF 46429B671 2,513,440 49,259 SH SOLE 49,259 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,759,574 25,721 SH SOLE 25,721 0 0
ISHARES TR MSCI INDIA ETF 46429B598 1,079,023 21,847 SH SOLE 21,847 0 0
ISHARES TR MSCI QATAR ETF 46434V779 280,476 15,582 SH SOLE 15,582 0 0
ISHARES TR MSCI SAUDI ARBIA 46434V423 1,422,332 38,122 SH SOLE 38,122 0 0
ISHARES TR MSCI UAE ETF 46434V761 626,570 32,960 SH SOLE 32,960 0 0
LATAM AIRLINES GROUP SA SPONSORED ADR 51817R205 1,783,645 30,610 SH SOLE 30,610 0 0
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 194,925 17,024 SH SOLE 17,024 0 0
MERCADOLIBRE INC COM 58733R102 40,719,981 23,992 SH SOLE 23,992 0 0
PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 3,762,161 232,807 SH SOLE 232,807 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 3,791,440 51,208 SH SOLE 51,208 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 5,523,111 7,396 SH SOLE 7,396 0 0
TRANSPORTADORA DE GAS DEL SU SPONSORED ADS B 893870204 1,433,908 48,231 SH SOLE 48,231 0 0
VALE S A SPONSORED ADS 91912E105 6,708,066 446,015 SH SOLE 446,015 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 2,149,151 29,276 SH SOLE 29,276 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 435,438 634 SH SOLE 634 0 0
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109 2,327,679 36,484 SH SOLE 36,484 0 0