| 1 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 21,226,242 | 71.7M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 2 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 20,481,597 | 69.2M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 3 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 17,614,755 | 63.1M $ | 0.04 % | as of Feb 28, 2026 · Original filing |
| 4 | iShares MSCI Brazil ETF iShares, Inc. | 17,046,501 | 61.1M $ | 0.63 % | as of Feb 28, 2026 · Original filing |
| 5 | FUNDO DE INVESTIMENTO FINANCEIRO - CLASSE DE INVESTIMENTO EM AÇÕES SEA & CO | 9,300,000 | 155.5M R$ | 96.95 % | as of Apr 30, 2026 · Original filing |
| 6 | State Street(R) SPDR(R) S&P Emerging Markets Dividend ETF SPDR INDEX SHARES FUNDS | 8,664,942 | 27.7M $ | 2.44 % | as of Mar 31, 2026 · Original filing |
| 7 | ARTESANAL D+2 FUNDO DE INVESTIMENTO MULTIMERCADO | 8,471,100 | 141.6M R$ | 5.14 % | as of Apr 30, 2026 · Original filing |
| 8 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 7,514,189 | 125.6M R$ | 0.97 % | as of Apr 30, 2026 · Original filing |
| 9 | EOS HERCULES FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES INVESTIMENTO NO EXTERIOR | 6,194,683 | 103.6M R$ | 8.65 % | as of Apr 30, 2026 · Original filing |
| 10 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND VANGUARD WHITEHALL FUNDS | 5,082,798 | 17.2M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 11 | Schwab Fundamental Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 4,117,229 | 14.7M $ | 0.16 % | as of Feb 28, 2026 · Original filing |
| 12 | iShares MSCI Emerging Markets ETF iShares, Inc. | 4,042,943 | 14.5M $ | 0.05 % | as of Feb 28, 2026 · Original filing |
| 13 | AP7 Aktiefond Sjunde AP-fonden | 3,801,123 | 115.9M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 14 | ARGA Emerging Markets Value Fund ADVISORS' INNER CIRCLE III | 3,765,079 | 12.2M $ | 0.74 % | as of Mar 31, 2026 · Original filing |
| 15 | REAL INVESTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 3,719,500 | 62.2M R$ | 4.68 % | as of Apr 30, 2026 · Original filing |
| 16 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 3,540,799 | 59.2M R$ | 0.17 % | as of Apr 30, 2026 · Original filing |
| 17 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 3,375,602 | 11.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 18 | iShares MSCI Emerging Markets ex China ETF iShares, Inc. | 3,264,520 | 11.7M $ | 0.06 % | as of Feb 28, 2026 · Original filing |
| 19 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 2,940,938 | 9.9M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 20 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 2,920,775 | 48.8M R$ | 1.82 % | as of Apr 30, 2026 · Original filing |
| 21 | PREVI RENDA VARIÁVEL ATIVA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 2,438,700 | 40.8M R$ | 0.89 % | as of Apr 30, 2026 · Original filing |
| 22 | Nomura Systematic Emerging Markets Equity Fund IVY FUNDS | 2,216,013 | 7.2M $ | 1.17 % | as of Mar 31, 2026 · Original filing |
| 23 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 1,873,480 | 6.3M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 24 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 1,829,997 | 6.6M $ | 0.05 % | as of Feb 28, 2026 · Original filing |
| 25 | TRUXT LONG SHORT MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 1,817,801 | 30.4M R$ | 5.62 % | as of Apr 30, 2026 · Original filing |
| 26 | iShares Core MSCI Total International Stock ETF iShares Trust | 1,722,696 | 5.8M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 27 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 1,669,330 | 27.9M R$ | 0.63 % | as of Apr 30, 2026 · Original filing |
| 28 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,618,449 | 27.1M R$ | 0.23 % | as of Apr 30, 2026 · Original filing |
| 29 | SEVENTEEN FUNDO DE INVESTIMENTO FINANCEIRO - CLASSE DE INVESTIMENTO EM AÇÕES | 1,608,262 | 26.9M R$ | 20.90 % | as of Apr 30, 2026 · Original filing |
| 30 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 1,522,990 | 4.9M $ | 0.03 % | as of Mar 31, 2026 · Original filing |
| 31 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 1,508,046 | 5.1M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 32 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 1,477,000 | 4.7M $ | 0.95 % | as of Mar 31, 2026 · Original filing |
| 33 | ABS TOTAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,449,700 | 24.2M R$ | 1.17 % | as of Apr 30, 2026 · Original filing |
| 34 | BTG PACTUAL SYNERGY EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,430,302 | 23.9M R$ | 2.30 % | as of Apr 30, 2026 · Original filing |
| 35 | ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 1,421,979 | 23.8M R$ | 1.73 % | as of Apr 30, 2026 · Original filing |
| 36 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 1,319,688 | 22.1M R$ | 0.50 % | as of Apr 30, 2026 · Original filing |
| 37 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,249,494 | 4.2M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 38 | E2M INTRUST FUNDO DE INVESTIMENTO DE AÇÕES - RESPONSABILIDADE LIMITADA | 1,215,100 | 20.3M R$ | 28.12 % | as of Apr 30, 2026 · Original filing |
| 39 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 1,204,628 | 4.1M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 40 | BTG PACTUAL E3 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,166,500 | 19.5M R$ | 2.76 % | as of Apr 30, 2026 · Original filing |
| 41 | Storebrand Emerging Markets Storebrand Asset Management AS | 1,160,461 | 35.4M SEK | 0.15 % | as of Mar 31, 2026 · Original filing |
| 42 | ABSOLUTE VERTEX MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,152,103 | 19.3M R$ | 0.21 % | as of Apr 30, 2026 · Original filing |
| 43 | LAYANNA FUNDO DE INVESTIMENTO FINANCEIRO - CLASSE DE INVESTIMENTO EM AÇÕES | 1,097,684 | 18.4M R$ | 30.91 % | as of Apr 30, 2026 · Original filing |
| 44 | DIMENSIONAL EMERGING MARKETS VALUE FUND DIMENSIONAL EMERGING MARKETS VALUE FUND | 1,074,868 | 3.6M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 45 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 1,063,421 | 3.6M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 46 | REAL INVESTOR 70 PREVIDENCIA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,016,000 | 17M R$ | 4.42 % | as of Apr 30, 2026 · Original filing |
| 47 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 961,156 | 3.1M $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 48 | SHARP LONG SHORT 3 MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 865,468 | 14.5M R$ | 4.13 % | as of Apr 30, 2026 · Original filing |
| 49 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 855,000 | 2.9M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 50 | SHARP LONG SHORT 3 MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 832,927 | 13.9M R$ | 4.13 % | as of Apr 30, 2026 · Original filing |
| 51 | CAIXA DIVIDENDOS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 825,900 | 13.8M R$ | 3.76 % | as of Apr 30, 2026 · Original filing |
| 52 | KINEA PREV APOLO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 814,095 | 13.6M R$ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 53 | Fidelity Global ex U.S. Index Fund Fidelity Salem Street Trust | 804,115 | 2.7M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 54 | Avantis Emerging Markets Equity ETF American Century ETF Trust | 728,398 | 2.6M $ | 0.01 % | as of Feb 28, 2026 · Original filing |
| 55 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 710,031 | 11.9M R$ | 0.34 % | as of Apr 30, 2026 · Original filing |
| 56 | Fidelity SAI Emerging Markets Index Fund Fidelity Salem Street Trust | 704,312 | 2.4M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 57 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 693,417 | 11.6M R$ | 0.92 % | as of Apr 30, 2026 · Original filing |
| 58 | Storebrand Emerging Markets Plus Storebrand Asset Management AS | 679,056 | 20.7M SEK | 0.07 % | as of Mar 31, 2026 · Original filing |
| 59 | Schwab Fundamental Emerging Markets Equity Index Fund SCHWAB CAPITAL TRUST | 672,989 | 2.3M $ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 60 | OCEANA EQUITY HEDGE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 663,400 | 11.1M R$ | 2.08 % | as of Apr 30, 2026 · Original filing |
| 61 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 652,847 | 10.9M R$ | 0.73 % | as of Apr 30, 2026 · Original filing |
| 62 | BTG PACTUAL VOLT FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 642,558 | 10.7M R$ | 1.46 % | as of Apr 30, 2026 · Original filing |
| 63 | ITAÚ FLEXPREV DIVIDENDOS INDEXADO FIF AÇÕES - RESP LIMITADA | 616,000 | 10.3M R$ | 4.07 % | as of Apr 30, 2026 · Original filing |
| 64 | GENOA CAPITAL COAST FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 614,676 | 10.3M R$ | 0.51 % | as of Apr 30, 2026 · Original filing |
| 65 | BRASILPREV KINEA SIGMA PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 607,630 | 10.2M R$ | 0.30 % | as of Apr 30, 2026 · Original filing |
| 66 | SOLANA LONG AND SHORT FUNDO DE INVESTIMENTO MULTIMERCADO | 531,560 | 8.9M R$ | 3.74 % | as of Apr 30, 2026 · Original filing |
| 67 | SHARP ESTRATEGIA STB FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 530,508 | 8.9M R$ | 4.13 % | as of Apr 30, 2026 · Original filing |
| 68 | POLO TOTAL RETURN CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 530,176 | 8.9M R$ | 1.85 % | as of Apr 30, 2026 · Original filing |
| 69 | ITAÚ FLEXPREV FIF AÇÕES - RESP LIMITADA | 528,304 | 8.8M R$ | 0.51 % | as of Apr 30, 2026 · Original filing |
| 70 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 492,583 | 8.2M R$ | 0.85 % | as of Apr 30, 2026 · Original filing |
| 71 | Global Macro Capital Opportunities Portfolio Global Macro Capital Opportunities Portfolio | 492,500 | 1.7M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 72 | CAIXA RV 100 PREVINVEST PREVIDENCIÁRIO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 492,454 | 8.2M R$ | 0.92 % | as of Apr 30, 2026 · Original filing |
| 73 | BTG PACTUAL E2 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 489,232 | 8.2M R$ | 3.70 % | as of Apr 30, 2026 · Original filing |
| 74 | State Street Global All Cap Equity ex-U.S. Index Portfolio STATE STREET INSTITUTIONAL INVESTMENT TRUST | 474,940 | 1.5M $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 75 | iShares MSCI ACWI ex U.S. ETF iShares Trust | 461,250 | 1.6M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 76 | V8 SRT FUNDO DE INVESTIMENTO FINANCEIRO RENDA FIXA - RESPONSABILIDADE LIMITADA | 451,297 | 421.6K R$ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 77 | BB AÇÕES GOVERNANÇA IS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 443,655 | 7.4M R$ | 0.86 % | as of Apr 30, 2026 · Original filing |
| 78 | ITAÚ IBRX ATIVO MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 423,131 | 7.1M R$ | 0.90 % | as of Apr 30, 2026 · Original filing |
| 79 | KINEA URANO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESP LIMITADA | 410,491 | 6.9M R$ | 1.10 % | as of Apr 30, 2026 · Original filing |
| 80 | THE EMERGING MARKETS SERIES DFA INVESTMENT TRUST CO | 410,259 | 1.4M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 81 | Fidelity ZERO International Index Fund Fidelity Concord Street Trust | 391,059 | 1.3M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 82 | Emerging Markets Equity Index Fund Northern Funds | 382,777 | 1.2M $ | 0.05 % | as of Mar 31, 2026 · Original filing |
| 83 | Six Circles Managed Equity Portfolio International Unconstrained Fund SIX CIRCLES TRUST | 372,135 | 1.2M $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 84 | PRINCIPAL CLARITAS LONG SHORT MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 370,057 | 6.2M R$ | 5.22 % | as of Apr 30, 2026 · Original filing |
| 85 | KINEA ATLAS II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 354,804 | 5.9M R$ | 0.58 % | as of Apr 30, 2026 · Original filing |
| 86 | TRUXT LONG SHORT PLUS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 352,395 | 5.9M R$ | 5.92 % | as of Apr 30, 2026 · Original filing |
| 87 | SANTANDER AMAZONAS MULTIMERCADO CRÉDITO PRIVADO - FIF | 347,410 | 5.8M R$ | 0.15 % | as of Apr 30, 2026 · Original filing |
| 88 | Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF Goldman Sachs ETF Trust | 343,440 | 1.2M $ | 0.08 % | as of Feb 28, 2026 · Original filing |
| 89 | GENOA CAPITAL VESTAS MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 342,453 | 5.7M R$ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 90 | TUAM FUNDO DE INVESTIMENTO FINANCEIRO - CLASSE DE INVESTIMENTO EM AÇÕES | 339,479 | 5.7M R$ | 4.29 % | as of Apr 30, 2026 · Original filing |
| 91 | SEB Emerging Markets Exposure SEB Funds AB | 335,124 | 10.2M SEK | 0.17 % | as of Mar 31, 2026 · Original filing |
| 92 | NEO VITALE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 332,864 | 5.6M R$ | 0.95 % | as of Apr 30, 2026 · Original filing |
| 93 | College Retirement Equities Fund - Global Equities Account College Retirement Equities Fund | 331,191 | 1.1M $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 94 | BRAM H PASSIVO IBRX FI FINANCEIRO - CIA - RESP LIMITADA | 328,695 | 5.5M R$ | 0.85 % | as of Apr 30, 2026 · Original filing |
| 95 | FIF - CLASSE DE INVESTIMENTO EM AÇÕES VIVEST IBOVESPA ATIVO RESP LIMITADA | 324,514 | 5.4M R$ | 0.55 % | as of Apr 30, 2026 · Original filing |
| 96 | Fidelity SAI Emerging Markets Momentum Index Fund Fidelity Salem Street Trust | 320,800 | 1.1M $ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 97 | KINEA CHRONOS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 316,823 | 5.3M R$ | 0.38 % | as of Apr 30, 2026 · Original filing |
| 98 | ACE CAPITAL ACTION MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 311,300 | 5.2M R$ | 1.79 % | as of Apr 30, 2026 · Original filing |
| 99 | Handelsbanken Emerging Markets Index Handelsbanken Fonder AB | 309,583 | 9.4M SEK | 0.06 % | as of Mar 31, 2026 · Original filing |
| 100 | Avantis Emerging Markets Value ETF American Century ETF Trust | 309,300 | 1.1M $ | 0.08 % | as of Feb 28, 2026 · Original filing |