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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
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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
CANADIAN NATL RY CO COM 136375102 16,856,120 141,272 SH SOLE 23,700 0 117,572
ICICI BK LTD ADR 45104G104 5,791,864 210,231 SH SOLE 76,850 0 133,381
INFOSYS LTD SPONSORED ADR 456788108 5,163,423 479,872 SH SOLE 175,915 0 303,957
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 7,116,084 834,242 SH SOLE 306,016 0 528,226
LOGITECH INTL S A SHS H50430232 11,326,910 112,028 SH SOLE 29,946 0 82,082
RYANAIR HOLDINGS PLC SPONSORED ADR 783513203 17,637,966 320,632 SH SOLE 95,466 0 225,166
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 17,203,381 37,711 SH SOLE 13,769 0 23,942
TOTALENERGIES SE ACT F92124100 16,536,843 192,325 SH SOLE 56,814 0 135,511
UBS GROUP AG SHS H42097107 14,507,000 300,639 SH SOLE 80,529 0 220,110