Henry James' 1897 novel about a child caught between two horribly unfit parents has been effortlessly updated to the present day and adapted to the screen in a new film from co-directors Scott McGehee and David Siegel (The Deep End). Anchored by five strong performances, including a piercing turn by Onata Aprile in the title role, this beautifully observed drama essentially strikes a sad note, though with enough sensitivity and emotional variation to make the experience cumulatively heart-rending. The broken-family melodrama with a minimum of histrionics, set in contemporary Manhattan, following the events in question through the eyes of its 6-year-old heroine, is an indictment of those who do not realize that innocence is not something to be scorned and used, but cherished and protected. Featuring Julianne Moore, Steve Coogan and Alexander Skarsgård. (R, 98 mins.)