| 1 | iShares MSCI Brazil ETF iShares, Inc. | 13,176,788 | 237.5M $ | 2.46 % | as of Feb 28, 2026 · Original filing |
| 2 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 8,579,910 | 133.5M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 3 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 8,569,013 | 133.3M $ | 0.08 % | as of Apr 30, 2026 · Original filing |
| 4 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 7,900,773 | 142.4M $ | 0.10 % | as of Feb 28, 2026 · Original filing |
| 5 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 2,634,032 | 203.2M R$ | 1.56 % | as of Apr 30, 2026 · Original filing |
| 6 | New World Fund Inc New World Fund Inc | 2,372,511 | 36.9M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 7 | KAPITALO ZETA MERIDIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,353,591 | 181.3M R$ | 3.92 % | as of Apr 30, 2026 · Original filing |
| 8 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,186,841 | 168.5M R$ | 4.89 % | as of Apr 30, 2026 · Original filing |
| 9 | T. Rowe Price Emerging Markets Discovery Stock Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2,065,148 | 32.2M $ | 0.52 % | as of Apr 30, 2026 · Original filing |
| 10 | Brandes International Small Cap Equity Fund Datum One Series Trust | 1,999,040 | 29.7M $ | 2.04 % | as of Mar 31, 2026 · Original filing |
| 11 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 1,857,742 | 27.4M $ | 0.17 % | as of Mar 31, 2026 · Original filing |
| 12 | iShares MSCI Emerging Markets ETF iShares, Inc. | 1,818,870 | 32.8M $ | 0.11 % | as of Feb 28, 2026 · Original filing |
| 13 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 1,790,071 | 137.9M R$ | 0.39 % | as of Apr 30, 2026 · Original filing |
| 14 | AP7 Aktiefond Sjunde AP-fonden | 1,626,702 | 228.4M SEK | 0.02 % | as of Mar 31, 2026 · Original filing |
| 15 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,576,958 | 24.5M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 16 | PREVI RENDA VARIÁVEL ATIVA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 1,481,000 | 114.1M R$ | 2.49 % | as of Apr 30, 2026 · Original filing |
| 17 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,466,794 | 113M R$ | 0.96 % | as of Apr 30, 2026 · Original filing |
| 18 | iShares MSCI Emerging Markets ex China ETF iShares, Inc. | 1,425,775 | 25.7M $ | 0.14 % | as of Feb 28, 2026 · Original filing |
| 19 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 1,337,100 | 20.8M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 20 | iShares Core MSCI Total International Stock ETF iShares Trust | 918,282 | 14.3M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 21 | SANTANDER AMAZONAS MULTIMERCADO CRÉDITO PRIVADO - FIF | 848,788 | 65.4M R$ | 1.68 % | as of Apr 30, 2026 · Original filing |
| 22 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 842,700 | 13.1M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 23 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 833,541 | 15M $ | 0.12 % | as of Feb 28, 2026 · Original filing |
| 24 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 686,100 | 10.1M $ | 2.03 % | as of Mar 31, 2026 · Original filing |
| 25 | Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust | 603,900 | 9.3M $ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 26 | T. Rowe Price Latin America Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 579,587 | 9M $ | 1.72 % | as of Apr 30, 2026 · Original filing |
| 27 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 557,070 | 8.7M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 28 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 553,200 | 8.6M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 29 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 544,600 | 8.5M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 30 | OITI FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR RESPONSABILIDADE LIMITADA | 492,374 | 37.9M R$ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 31 | THE EMERGING MARKETS SMALL CAP SERIES DFA INVESTMENT TRUST CO | 484,254 | 7.5M $ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 32 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 434,200 | 6.5M $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 33 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 414,939 | 32M R$ | 0.73 % | as of Apr 30, 2026 · Original filing |
| 34 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 387,741 | 6M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 35 | Columbia EM Core ex-China ETF Columbia ETF Trust II | 365,690 | 5.4M $ | 0.37 % | as of Mar 31, 2026 · Original filing |
| 36 | Fidelity Global ex U.S. Index Fund Fidelity Salem Street Trust | 358,500 | 5.6M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 37 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 337,038 | 26M R$ | 2.07 % | as of Apr 30, 2026 · Original filing |
| 38 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 321,733 | 24.8M R$ | 0.56 % | as of Apr 30, 2026 · Original filing |
| 39 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 318,151 | 24.5M R$ | 1.64 % | as of Apr 30, 2026 · Original filing |
| 40 | OCCAM RETORNO ABSOLUTO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 311,878 | 1.5M R$ | 0.28 % | as of Apr 30, 2026 · Original filing |
| 41 | WCM International Small Cap Growth Fund INVESTMENT MANAGERS SERIES TRUST | 309,500 | 4.6M $ | 1.59 % | as of Mar 31, 2026 · Original filing |
| 42 | FIF - CLASSE DE INVESTIMENTO EM AÇÕES VIVEST IBOVESPA ATIVO RESP LIMITADA | 307,400 | 23.7M R$ | 2.40 % | as of Apr 30, 2026 · Original filing |
| 43 | JNL Multi-Manager International Small Cap Fund JNL Series Trust | 306,400 | 4.6M $ | 0.67 % | as of Mar 31, 2026 · Original filing |
| 44 | Fidelity SAI Emerging Markets Index Fund Fidelity Salem Street Trust | 302,800 | 4.7M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 45 | FHS FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES | 300,000 | 23.1M R$ | 4.95 % | as of Apr 30, 2026 · Original filing |
| 46 | VISTA MULTIESTRATEGIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 272,315 | 21M R$ | 3.59 % | as of Apr 30, 2026 · Original filing |
| 47 | Dimensional World ex. U.S. Core Equity 2 ETF Dimensional ETF Trust | 259,318 | 4M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 48 | iShares MSCI ACWI ETF iShares Trust | 258,516 | 4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 49 | ITAÚ FLEXPREV FIF AÇÕES - RESP LIMITADA | 256,762 | 19.8M R$ | 1.15 % | as of Apr 30, 2026 · Original filing |
| 50 | Emerging Markets Fund RUSSELL INVESTMENT CO | 254,326 | 4M $ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 51 | KAPITALO MASTER I FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 244,139 | 18.8M R$ | 0.88 % | as of Apr 30, 2026 · Original filing |
| 52 | William Blair Emerging Markets Growth Fund WILLIAM BLAIR FUNDS | 243,500 | 3.6M $ | 0.36 % | as of Mar 31, 2026 · Original filing |
| 53 | CAIXA RV 100 PREVINVEST PREVIDENCIÁRIO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 241,573 | 18.6M R$ | 2.09 % | as of Apr 30, 2026 · Original filing |
| 54 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 239,436 | 18.4M R$ | 1.90 % | as of Apr 30, 2026 · Original filing |
| 55 | iShares Emerging Markets Equity Factor ETF iShares, Inc. | 233,281 | 4.2M $ | 0.25 % | as of Feb 28, 2026 · Original filing |
| 56 | PACE International Emerging Markets Equity Investments PACE SELECT ADVISORS TRUST | 228,300 | 3.6M $ | 0.64 % | as of Apr 30, 2026 · Original filing |
| 57 | BB AÇÕES GOVERNANÇA IS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 215,800 | 16.6M R$ | 1.93 % | as of Apr 30, 2026 · Original filing |
| 58 | iShares MSCI ACWI ex U.S. ETF iShares Trust | 211,088 | 3.3M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 59 | Global Macro Capital Opportunities Portfolio Global Macro Capital Opportunities Portfolio | 210,300 | 3.3M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 60 | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund WisdomTree Trust | 206,667 | 3M $ | 0.17 % | as of Mar 31, 2026 · Original filing |
| 61 | KAPITALO ZETA PREV MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 205,497 | 15.8M R$ | 3.94 % | as of Apr 30, 2026 · Original filing |
| 62 | DWS Latin America Equity Fund DEUTSCHE DWS INTERNATIONAL FUND, INC. | 205,376 | 3.2M $ | 0.78 % | as of Apr 30, 2026 · Original filing |
| 63 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 201,700 | 3.1M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 64 | State Street Global All Cap Equity ex-U.S. Index Portfolio STATE STREET INSTITUTIONAL INVESTMENT TRUST | 201,500 | 3M $ | 0.03 % | as of Mar 31, 2026 · Original filing |
| 65 | FIF - CLASSE DE INVESTIMENTO EM AÇÕES VIVEST LONG ONLY RESP LIMITADA | 196,900 | 15.2M R$ | 4.51 % | as of Apr 30, 2026 · Original filing |
| 66 | Fidelity ZERO International Index Fund Fidelity Concord Street Trust | 193,600 | 3M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 67 | JNL Multi-Manager Emerging Markets Equity Fund JNL Series Trust | 185,800 | 2.8M $ | 0.20 % | as of Mar 31, 2026 · Original filing |
| 68 | BB ONDINA II AÇÕES FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 184,400 | 14.2M R$ | 4.22 % | as of Apr 30, 2026 · Original filing |
| 69 | ITAÚ DUNAMIS MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 180,000 | 13.9M R$ | 0.91 % | as of Apr 30, 2026 · Original filing |
| 70 | Clearwater International Fund Clearwater Investment Trust | 179,500 | 2.7M $ | 0.23 % | as of Mar 31, 2026 · Original filing |
| 71 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 178,385 | 13.7M R$ | 0.51 % | as of Apr 30, 2026 · Original filing |
| 72 | FRANKLIN MULTIPREV IBOVESPA ATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 173,400 | 13.4M R$ | 2.16 % | as of Apr 30, 2026 · Original filing |
| 73 | KINEA PREV APOLO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 169,792 | 13.1M R$ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 74 | BRASILPREV KINEA SIGMA PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 169,571 | 13.1M R$ | 0.39 % | as of Apr 30, 2026 · Original filing |
| 75 | Emerging Markets Equity Index Fund Northern Funds | 168,100 | 2.5M $ | 0.10 % | as of Mar 31, 2026 · Original filing |
| 76 | William Blair International Growth Fund WILLIAM BLAIR FUNDS | 166,300 | 2.5M $ | 0.25 % | as of Mar 31, 2026 · Original filing |
| 77 | MULTIPREV FIF EM AÇÕES RESPONSABILIDADE LIMITADA | 159,950 | 12.3M R$ | 2.32 % | as of Apr 30, 2026 · Original filing |
| 78 | BRAM H PASSIVO IBRX FI FINANCEIRO - CIA - RESP LIMITADA | 159,773 | 12.3M R$ | 1.91 % | as of Apr 30, 2026 · Original filing |
| 79 | Six Circles Managed Equity Portfolio International Unconstrained Fund SIX CIRCLES TRUST | 159,662 | 2.4M $ | 0.02 % | as of Mar 31, 2026 · Original filing |
| 80 | Emerging Markets Sustainability Core 1 Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 158,074 | 2.5M $ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 81 | Emerging Markets Social Core Equity Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 154,583 | 2.4M $ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 82 | College Retirement Equities Fund - Global Equities Account College Retirement Equities Fund | 149,200 | 2.2M $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 83 | THE EMERGING MARKETS SERIES DFA INVESTMENT TRUST CO | 148,600 | 2.3M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 84 | ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 147,800 | 11.4M R$ | 0.83 % | as of Apr 30, 2026 · Original filing |
| 85 | BB TOP AÇÕES IBOVESPA INDEXADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 143,759 | 11.1M R$ | 1.59 % | as of Apr 30, 2026 · Original filing |
| 86 | Fidelity SAI Emerging Markets Momentum Index Fund Fidelity Salem Street Trust | 143,400 | 2.2M $ | 0.40 % | as of Apr 30, 2026 · Original filing |
| 87 | ITAÚ IBRX ATIVO MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 143,301 | 11M R$ | 1.41 % | as of Apr 30, 2026 · Original filing |
| 88 | KAPITALO K10 PREVIDÊNCIA MASTER FIF MULT RESP LIMITADA | 137,694 | 10.6M R$ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 89 | KINEA URANO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESP LIMITADA | 137,403 | 10.6M R$ | 1.69 % | as of Apr 30, 2026 · Original filing |
| 90 | BNY Mellon Global Emerging Markets Fund BNY Mellon Investment Funds II, Inc. | 135,833 | 2.1M $ | 0.71 % | as of Apr 30, 2026 · Original filing |
| 91 | JPMorgan Emerging Markets Research Enhanced Equity Fund JPMorgan Trust IV | 135,751 | 2.1M $ | 0.10 % | as of Apr 30, 2026 · Original filing |
| 92 | BRADESCO MÁSTER IBOVESPA FI FINANCEIRO - CIA - RESP LIMITADA | 128,899 | 9.9M R$ | 0.64 % | as of Apr 30, 2026 · Original filing |
| 93 | UBS PRÓPRIO FUNDO DE INVESTIMENTO FINANCEIRO - MULTIMERCADO CRÉDITO PRIVADO | 128,668 | 9.9M R$ | 0.33 % | as of Apr 30, 2026 · Original filing |
| 94 | New World Fund AMERICAN FUNDS INSURANCE SERIES | 128,416 | 1.9M $ | 0.05 % | as of Mar 31, 2026 · Original filing |
| 95 | William Blair Emerging Markets Leaders Fund WILLIAM BLAIR FUNDS | 123,000 | 1.8M $ | 1.96 % | as of Mar 31, 2026 · Original filing |
| 96 | William Blair Institutional International Growth Fund WILLIAM BLAIR FUNDS | 119,600 | 1.8M $ | 0.24 % | as of Mar 31, 2026 · Original filing |
| 97 | FUTURA ARB FI MULTIMERCADO LP - RESPONSABILIDADE LIMITADA | 113,018 | 8.7M R$ | 11.14 % | as of Apr 30, 2026 · Original filing |
| 98 | International Strategic Equity Allocation Fund John Hancock Funds II | 104,800 | 1.9M $ | 0.04 % | as of Feb 28, 2026 · Original filing |
| 99 | IBIUNA LONG SHORT ST MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 104,377 | 8M R$ | 0.41 % | as of Apr 30, 2026 · Original filing |
| 100 | EVOLUTION FUNDO DE INVESTIMENTO EM AÇÕES | 100,000 | 7.7M R$ | 1.68 % | as of Apr 30, 2026 · Original filing |