| 1 | STAVANGER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 16,864,795 | 294.8M R$ | 32.83 % | as of Apr 30, 2026 · Original filing |
| 2 | iShares MSCI Brazil ETF iShares, Inc. | 16,783,014 | 67.3M $ | 0.70 % | as of Feb 28, 2026 · Original filing |
| 3 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 12,783,221 | 45.1M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 4 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 12,386,340 | 43.7M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 5 | UBS PLÁTANO FUNDO DE INVESTIMENTO FINANCEIRO - AÇÕES RESPONSABILIDADE LIMITADA | 11,273,216 | 197.1M R$ | 25.39 % | as of Apr 30, 2026 · Original filing |
| 6 | T. Rowe Price International Discovery Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 9,452,010 | 33.8M $ | 0.51 % | as of Apr 30, 2026 · Original filing |
| 7 | TIGRES FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 5,659,817 | 98.9M R$ | 30.61 % | as of Apr 30, 2026 · Original filing |
| 8 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 5,270,922 | 18.6M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 9 | FlexShares Morningstar Global Upstream Natural Resources Index Fund FlexShares Trust | 4,096,500 | 14.4M $ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 10 | KAPITALO ZETA MERIDIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,949,109 | 51.6M R$ | 1.12 % | as of Apr 30, 2026 · Original filing |
| 11 | ABS TOTAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,791,095 | 48.8M R$ | 2.36 % | as of Apr 30, 2026 · Original filing |
| 12 | IBIUNA LONG SHORT ST MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 2,767,743 | 48.4M R$ | 2.48 % | as of Apr 30, 2026 · Original filing |
| 13 | GMO Resources Fund GMO TRUST | 2,723,709 | 10.9M $ | 0.86 % | as of Feb 28, 2026 · Original filing |
| 14 | WisdomTree Emerging Markets High Dividend Fund WisdomTree Trust | 2,484,321 | 9.3M $ | 0.27 % | as of Mar 31, 2026 · Original filing |
| 15 | GUEPARDO PREVIDÊNCIA FIFE FUNDO DE INVESTIMENTO MULTIMERCADO RESPONSABILIDADE LIMITADA | 2,380,900 | 41.6M R$ | 13.95 % | as of Apr 30, 2026 · Original filing |
| 16 | Schwab Fundamental Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 2,295,269 | 9.2M $ | 0.10 % | as of Feb 28, 2026 · Original filing |
| 17 | Handelsbanken Tillväxtmarknad Tema Handelsbanken Fonder AB | 2,104,840 | 74.9M SEK | 0.36 % | as of Mar 31, 2026 · Original filing |
| 18 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 2,040,626 | 7.2M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 19 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 1,861,587 | 32.5M R$ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 20 | Storebrand Emerging Markets Plus Storebrand Asset Management AS | 1,813,507 | 64.5M SEK | 0.22 % | as of Mar 31, 2026 · Original filing |
| 21 | AP7 Aktiefond Sjunde AP-fonden | 1,793,467 | 63.8M SEK | 0.00 % | as of Mar 31, 2026 · Original filing |
| 22 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 1,789,607 | 31.3M R$ | 1.17 % | as of Apr 30, 2026 · Original filing |
| 23 | OITI FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR RESPONSABILIDADE LIMITADA | 1,776,606 | 31.1M R$ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 24 | ABSOLUTE ALPHA MARB MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,676,946 | 29.3M R$ | 10.52 % | as of Apr 30, 2026 · Original filing |
| 25 | Avantis Emerging Markets Equity ETF American Century ETF Trust | 1,664,591 | 6.7M $ | 0.03 % | as of Feb 28, 2026 · Original filing |
| 26 | GMO Climate Change Fund GMO TRUST | 1,661,280 | 6.7M $ | 1.07 % | as of Feb 28, 2026 · Original filing |
| 27 | Schwab International Dividend Equity ETF SCHWAB STRATEGIC TRUST | 1,641,843 | 6.6M $ | 0.29 % | as of Feb 28, 2026 · Original filing |
| 28 | T. Rowe Price Latin America Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 1,607,600 | 5.8M $ | 1.10 % | as of Apr 30, 2026 · Original filing |
| 29 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 1,524,775 | 5.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 30 | Storebrand Emerging Markets Storebrand Asset Management AS | 1,511,630 | 53.8M SEK | 0.23 % | as of Mar 31, 2026 · Original filing |
| 31 | THE EMERGING MARKETS SERIES DFA INVESTMENT TRUST CO | 1,211,138 | 4.3M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 32 | DOM BOSCO FUNDO DE INVESTIMENTO FINANCEIRO AÇÕES - RESPONSABILIDADE LIMITADA | 1,189,054 | 20.8M R$ | 3.86 % | as of Apr 30, 2026 · Original filing |
| 33 | AMF Aktiefond Tillväxtmarknader AMF Fonder AB | 1,152,594 | 41M SEK | 1.38 % | as of Mar 31, 2026 · Original filing |
| 34 | BlackRock Global Allocation Fund, Inc. BlackRock Global Allocation Fund, Inc. | 1,098,763 | 3.9M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 35 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 961,877 | 3.4M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 36 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND VANGUARD WHITEHALL FUNDS | 924,079 | 3.3M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 37 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 908,262 | 3.6M $ | 0.03 % | as of Feb 28, 2026 · Original filing |
| 38 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 900,775 | 3.4M $ | 0.02 % | as of Mar 31, 2026 · Original filing |
| 39 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 886,200 | 3.3M $ | 0.67 % | as of Mar 31, 2026 · Original filing |
| 40 | Tax-Managed Real Assets Fund RUSSELL INVESTMENT CO | 834,084 | 2.9M $ | 0.20 % | as of Apr 30, 2026 · Original filing |
| 41 | GUEPARDO LONG BIAS RV FUNDO DE INVESTIMENTO MULTIMERCADO | 815,768 | 14.3M R$ | 15.90 % | as of Apr 30, 2026 · Original filing |
| 42 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 810,552 | 14.2M R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 43 | ARTESANAL D+2 FUNDO DE INVESTIMENTO MULTIMERCADO | 791,700 | 13.8M R$ | 0.50 % | as of Apr 30, 2026 · Original filing |
| 44 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 767,274 | 13.4M R$ | 0.39 % | as of Apr 30, 2026 · Original filing |
| 45 | MAMORÉ FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 740,674 | 12.9M R$ | 2.29 % | as of Apr 30, 2026 · Original filing |
| 46 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 721,032 | 12.6M R$ | 0.29 % | as of Apr 30, 2026 · Original filing |
| 47 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 682,133 | 2.4M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 48 | ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 671,635 | 11.7M R$ | 0.85 % | as of Apr 30, 2026 · Original filing |
| 49 | 333 CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 669,998 | 11.7M R$ | 8.73 % | as of Apr 30, 2026 · Original filing |
| 50 | Nordea Generationsfond 70-tal Nordea Funds Ab | 661,178 | 23.3M SEK | 0.05 % | as of Mar 31, 2026 · Original filing |
| 51 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 642,737 | 2.3M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 52 | ICATU VANGUARDA IGARATÉ LONG BIASED FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 615,070 | 10.8M R$ | 1.79 % | as of Apr 30, 2026 · Original filing |
| 53 | GMO Resource Transition Fund GMO TRUST | 603,576 | 2.4M $ | 1.34 % | as of Feb 28, 2026 · Original filing |
| 54 | Avantis Emerging Markets Value ETF American Century ETF Trust | 576,936 | 2.3M $ | 0.17 % | as of Feb 28, 2026 · Original filing |
| 55 | Invesco S&P Emerging Markets Low Volatility ETF Invesco Exchange-Traded Fund Trust II | 546,473 | 1.9M $ | 0.43 % | as of Apr 30, 2026 · Original filing |
| 56 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 506,566 | 1.9M $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 57 | Handelsbanken Global Index Criteria Handelsbanken Fonder AB | 484,729 | 17.3M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 58 | JTP FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 476,750 | 8.3M R$ | 4.79 % | as of Apr 30, 2026 · Original filing |
| 59 | Schwab Fundamental Emerging Markets Equity Index Fund SCHWAB CAPITAL TRUST | 458,778 | 1.6M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 60 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 441,186 | 1.6M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 61 | Emerging Markets Sustainability Core 1 Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 433,971 | 1.5M $ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 62 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 425,713 | 7.4M R$ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 63 | Invesco RAFI Emerging Markets ETF Invesco Exchange-Traded Fund Trust II | 413,916 | 1.5M $ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 64 | KAPITALO MASTER V FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 408,914 | 7.1M R$ | 3.58 % | as of Apr 30, 2026 · Original filing |
| 65 | Fidelity Global ex U.S. Index Fund Fidelity Salem Street Trust | 397,768 | 1.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 66 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 381,006 | 6.7M R$ | 0.53 % | as of Apr 30, 2026 · Original filing |
| 67 | BB TOP AÇÕES AGRO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 378,150 | 6.6M R$ | 6.30 % | as of Apr 30, 2026 · Original filing |
| 68 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 360,774 | 6.3M R$ | 0.42 % | as of Apr 30, 2026 · Original filing |
| 69 | Fidelity SAI Emerging Markets Index Fund Fidelity Salem Street Trust | 346,795 | 1.2M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 70 | Nordea Generationsfond 80-tal Nordea Funds Ab | 345,551 | 12.2M SEK | 0.05 % | as of Mar 31, 2026 · Original filing |
| 71 | OCCAM RETORNO ABSOLUTO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 327,098 | 5.7M R$ | 1.08 % | as of Apr 30, 2026 · Original filing |
| 72 | UBS PRÓPRIO FUNDO DE INVESTIMENTO FINANCEIRO - MULTIMERCADO CRÉDITO PRIVADO | 321,226 | 5.6M R$ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 73 | BB ONDINA II AÇÕES FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 313,110 | 5.5M R$ | 1.63 % | as of Apr 30, 2026 · Original filing |
| 74 | World ex U.S. Core Equity Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 302,841 | 1.1M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 75 | Emerging Markets Social Core Equity Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 295,736 | 1M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 76 | Diversified Real Asset Fund Principal Funds, Inc | 294,391 | 1.2M $ | 0.04 % | as of Feb 28, 2026 · Original filing |
| 77 | ITAÚ FLEXPREV FIF AÇÕES - RESP LIMITADA | 290,259 | 5.1M R$ | 0.29 % | as of Apr 30, 2026 · Original filing |
| 78 | BARRACUDA FUNDO DE INVESTIMENTO MULTIMERCADO | 284,500 | 5M R$ | 19.28 % | as of Apr 30, 2026 · Original filing |
| 79 | Fidelity ZERO International Index Fund Fidelity Concord Street Trust | 280,219 | 989.2K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 80 | POLO TOTAL RETURN CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 279,571 | 4.9M R$ | 1.02 % | as of Apr 30, 2026 · Original filing |
| 81 | Global Macro Capital Opportunities Portfolio Global Macro Capital Opportunities Portfolio | 272,674 | 962.5K $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 82 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 270,694 | 4.7M R$ | 0.49 % | as of Apr 30, 2026 · Original filing |
| 83 | CAIXA RV 100 PREVINVEST PREVIDENCIÁRIO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 269,002 | 4.7M R$ | 0.53 % | as of Apr 30, 2026 · Original filing |
| 84 | ITAÚ AÇÕES DIVIDENDOS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 253,281 | 4.4M R$ | 1.82 % | as of Apr 30, 2026 · Original filing |
| 85 | JATLAN FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 248,380 | 4.3M R$ | 2.47 % | as of Apr 30, 2026 · Original filing |
| 86 | CONSILIUM FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 247,215 | 4.3M R$ | 4.03 % | as of Apr 30, 2026 · Original filing |
| 87 | BB AÇÕES GOVERNANÇA IS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 243,881 | 4.3M R$ | 0.49 % | as of Apr 30, 2026 · Original filing |
| 88 | BlackRock Global Allocation V.I. Fund BlackRock Variable Series Funds, Inc. | 235,726 | 892.9K $ | 0.02 % | as of Mar 31, 2026 · Original filing |
| 89 | KINEA PREV APOLO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 231,333 | 4M R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 90 | Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF Goldman Sachs ETF Trust | 226,159 | 906.7K $ | 0.06 % | as of Feb 28, 2026 · Original filing |
| 91 | IBIUNA LONG BIASED MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 224,633 | 3.9M R$ | 1.57 % | as of Apr 30, 2026 · Original filing |
| 92 | State Street Global All Cap Equity ex-U.S. Index Portfolio STATE STREET INSTITUTIONAL INVESTMENT TRUST | 224,603 | 839.2K $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 93 | Nordea Generationsfond 60-tal Nordea Funds Ab | 220,563 | 7.8M SEK | 0.02 % | as of Mar 31, 2026 · Original filing |
| 94 | Avantis Emerging Markets Equity Fund American Century ETF Trust | 218,867 | 879.1K $ | 0.09 % | as of Feb 28, 2026 · Original filing |
| 95 | AST PGIM Aggressive Multi-Asset Portfolio Advanced Series Trust | 217,419 | 823.5K $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 96 | SAFRA KEPLER ADVANCED MASTER FIF CLASSE DE INVESTIMENTO MULTIMERCADO RESPONSABILIDADE LIMITADA | 217,355 | 3.8M R$ | 2.23 % | as of Apr 30, 2026 · Original filing |
| 97 | HEIWA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 212,784 | 3.7M R$ | 2.16 % | as of Apr 30, 2026 · Original filing |
| 98 | BRASILPREV TOP ASG BRASIL IS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 207,251 | 3.6M R$ | 2.30 % | as of Apr 30, 2026 · Original filing |
| 99 | Emerging Markets Equity Index Fund Northern Funds | 205,711 | 779.2K $ | 0.03 % | as of Mar 31, 2026 · Original filing |
| 100 | Swedbank Robur Access Edge Emerging Markets Swedbank Robur Fonder AB | 203,200 | 7.2M SEK | 0.20 % | as of Mar 31, 2026 · Original filing |