| 1 | ALDEN FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 27,154,744 | 1.2B R$ | 55.80 % | as of Apr 30, 2026 · Original filing |
| 2 | New World Fund Inc New World Fund Inc | 15,551,769 | 137.7M $ | 0.16 % | as of Apr 30, 2026 · Original filing |
| 3 | iShares MSCI Brazil ETF iShares, Inc. | 13,408,768 | 151.7M $ | 1.57 % | as of Feb 28, 2026 · Original filing |
| 4 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 9,850,704 | 87.2M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 5 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 9,305,039 | 82.4M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 6 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 7,278,320 | 82.3M $ | 0.06 % | as of Feb 28, 2026 · Original filing |
| 7 | V8 SRT FUNDO DE INVESTIMENTO FINANCEIRO RENDA FIXA - RESPONSABILIDADE LIMITADA | 6,369,842 | 6M R$ | 0.81 % | as of Apr 30, 2026 · Original filing |
| 8 | Lazard Emerging Markets Equity Portfolio LAZARD FUNDS INC | 6,027,200 | 60.4M $ | 0.77 % | as of Mar 31, 2026 · Original filing |
| 9 | The Hartford International Value Fund HARTFORD MUTUAL FUNDS, INC | 4,995,239 | 44.2M $ | 0.31 % | as of Apr 30, 2026 · Original filing |
| 10 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 4,294,445 | 188.5M R$ | 1.45 % | as of Apr 30, 2026 · Original filing |
| 11 | VANGUARD GLOBAL CAPITAL CYCLES FUND VANGUARD SPECIALIZED FUNDS | 3,416,301 | 30.2M $ | 0.78 % | as of Apr 30, 2026 · Original filing |
| 12 | FlexShares Morningstar Global Upstream Natural Resources Index Fund FlexShares Trust | 2,842,900 | 25M $ | 0.33 % | as of Apr 30, 2026 · Original filing |
| 13 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2,258,904 | 20M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 14 | KAPITALO ZETA MERIDIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,995,234 | 87.5M R$ | 1.89 % | as of Apr 30, 2026 · Original filing |
| 15 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 1,899,243 | 83.3M R$ | 3.10 % | as of Apr 30, 2026 · Original filing |
| 16 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,845,558 | 80.9M R$ | 2.35 % | as of Apr 30, 2026 · Original filing |
| 17 | iShares MSCI Emerging Markets ETF iShares, Inc. | 1,788,612 | 20.2M $ | 0.07 % | as of Feb 28, 2026 · Original filing |
| 18 | Schwab Fundamental Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 1,724,486 | 19.5M $ | 0.21 % | as of Feb 28, 2026 · Original filing |
| 19 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 1,706,734 | 67.1M R$ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 20 | AP7 Aktiefond Sjunde AP-fonden | 1,627,036 | 154M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 21 | MAMORÉ FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 1,614,225 | 70.8M R$ | 12.54 % | as of Apr 30, 2026 · Original filing |
| 22 | American Funds Developing World Growth & Income Fund American Funds Developing World Growth & Income Fund | 1,583,983 | 17.9M $ | 0.71 % | as of Feb 28, 2026 · Original filing |
| 23 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,555,389 | 13.8M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 24 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,428,750 | 62.6M R$ | 0.53 % | as of Apr 30, 2026 · Original filing |
| 25 | iShares MSCI Emerging Markets ex China ETF iShares, Inc. | 1,423,635 | 16.1M $ | 0.09 % | as of Feb 28, 2026 · Original filing |
| 26 | iShares Global Timber & Forestry ETF iShares Trust | 1,377,033 | 13.8M $ | 5.22 % | as of Mar 31, 2026 · Original filing |
| 27 | CAPITANIA CASH & CARRY FUNDO DE INVESTIMENTO FINANCEIRO RENDA FIXA LP - RESPONSABILIDADE LTDA | 1,335,052 | 1.3M R$ | 1.52 % | as of Apr 30, 2026 · Original filing |
| 28 | SHARP TE3 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,329,896 | 1.3M R$ | 0.78 % | as of Apr 30, 2026 · Original filing |
| 29 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 1,324,195 | 11.7M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 30 | SHARP TE1 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,235,329 | 1.2M R$ | 0.73 % | as of Apr 30, 2026 · Original filing |
| 31 | Brandes Emerging Markets Value Fund Datum One Series Trust | 1,125,800 | 11.3M $ | 1.00 % | as of Mar 31, 2026 · Original filing |
| 32 | VanEck Global Natural Resources Portfolio Brighthouse Funds Trust II | 1,112,000 | 11.1M $ | 1.50 % | as of Mar 31, 2026 · Original filing |
| 33 | Global Resources Fund VanEck Funds | 1,100,800 | 11M $ | 1.50 % | as of Mar 31, 2026 · Original filing |
| 34 | REAL INVESTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,084,853 | 47.6M R$ | 3.58 % | as of Apr 30, 2026 · Original filing |
| 35 | MFS International New Discovery Fund MFS Series Trust V | 1,035,100 | 10.4M $ | 0.14 % | as of Mar 31, 2026 · Original filing |
| 36 | PREVI RENDA VARIÁVEL ATIVA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 1,018,526 | 44.7M R$ | 0.97 % | as of Apr 30, 2026 · Original filing |
| 37 | KAPITALO K10 PREVIDÊNCIA MASTER FIF MULT RESP LIMITADA | 1,005,201 | 44.1M R$ | 0.52 % | as of Apr 30, 2026 · Original filing |
| 38 | EOS HERCULES FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES INVESTIMENTO NO EXTERIOR | 1,000,000 | 43.8M R$ | 3.66 % | as of Apr 30, 2026 · Original filing |
| 39 | PETROS SELEÇÃO RETORNO REAL FIF - CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 986,700 | 43.3M R$ | 3.81 % | as of Apr 30, 2026 · Original filing |
| 40 | Diversified International Fund Principal Funds, Inc | 961,500 | 8.5M $ | 0.84 % | as of Apr 30, 2026 · Original filing |
| 41 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 833,017 | 7.4M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 42 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 825,896 | 9.3M $ | 0.08 % | as of Feb 28, 2026 · Original filing |
| 43 | QUANTITAS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 804,650 | 35.3M R$ | 4.19 % | as of Apr 30, 2026 · Original filing |
| 44 | POLO TOTAL RETURN CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 761,620 | 33.4M R$ | 6.96 % | as of Apr 30, 2026 · Original filing |
| 45 | KAPITALO MASTER I FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 749,931 | 32.9M R$ | 1.54 % | as of Apr 30, 2026 · Original filing |
| 46 | T. Rowe Price Latin America Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 749,708 | 6.7M $ | 1.27 % | as of Apr 30, 2026 · Original filing |
| 47 | iShares Core MSCI Total International Stock ETF iShares Trust | 743,634 | 6.6M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 48 | Strategic Advisers Emerging Markets Fund Fidelity Rutland Square Trust II | 742,185 | 8.4M $ | 0.06 % | as of Feb 28, 2026 · Original filing |
| 49 | BTG PACTUAL SYNERGY EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 735,529 | 32.2M R$ | 3.10 % | as of Apr 30, 2026 · Original filing |
| 50 | Allspring Emerging Markets Equity Fund ALLSPRING FUNDS TRUST | 730,900 | 6.5M $ | 0.17 % | as of Apr 30, 2026 · Original filing |
| 51 | Storebrand Emerging Markets Storebrand Asset Management AS | 715,989 | 67.8M SEK | 0.29 % | as of Mar 31, 2026 · Original filing |
| 52 | New World Fund AMERICAN FUNDS INSURANCE SERIES | 704,427 | 7.1M $ | 0.18 % | as of Mar 31, 2026 · Original filing |
| 53 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 675,200 | 6.7M $ | 1.35 % | as of Mar 31, 2026 · Original filing |
| 54 | SET FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 667,100 | 29.2M R$ | 9.17 % | as of Apr 30, 2026 · Original filing |
| 55 | ARGOS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES INVESTIMENTO NO EXTERIOR RESPONSABILIDADE LIMITADA | 658,100 | 28.9M R$ | 2.53 % | as of Apr 30, 2026 · Original filing |
| 56 | VanEck VIP Global Resources Fund VanEck VIP Trust | 652,700 | 6.5M $ | 1.48 % | as of Mar 31, 2026 · Original filing |
| 57 | OCCAM RETORNO ABSOLUTO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 636,978 | 1.3M R$ | 0.24 % | as of Apr 30, 2026 · Original filing |
| 58 | SÃO PEDRO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 610,000 | 26.7M R$ | 9.75 % | as of Apr 30, 2026 · Original filing |
| 59 | GMO Resources Fund GMO TRUST | 603,652 | 6.8M $ | 0.54 % | as of Feb 28, 2026 · Original filing |
| 60 | KAPITALO K10 MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 591,916 | 25.9M R$ | 0.34 % | as of Apr 30, 2026 · Original filing |
| 61 | ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 562,460 | 24.7M R$ | 1.79 % | as of Apr 30, 2026 · Original filing |
| 62 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 551,987 | 4.9M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 63 | THE EMERGING MARKETS SERIES DFA INVESTMENT TRUST CO | 551,843 | 4.9M $ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 64 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 542,312 | 5.4M $ | 0.03 % | as of Mar 31, 2026 · Original filing |
| 65 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 536,815 | 4.8M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 66 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 521,803 | 4.6M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 67 | Catholic Responsible Investments International Equity Fund Catholic Responsible Investments Funds | 473,100 | 4.2M $ | 0.18 % | as of Apr 30, 2026 · Original filing |
| 68 | EQ/Lazard Emerging Markets Equity Portfolio EQ Advisors Trust | 467,000 | 4.7M $ | 0.78 % | as of Mar 31, 2026 · Original filing |
| 69 | PARTNER FIF - CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 450,292 | 19.7M R$ | 1.50 % | as of Apr 30, 2026 · Original filing |
| 70 | FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES MISTYQUE | 430,700 | 18.9M R$ | 1.09 % | as of Apr 30, 2026 · Original filing |
| 71 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 425,217 | 4.3M $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 72 | HEIWA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 412,435 | 18.1M R$ | 10.50 % | as of Apr 30, 2026 · Original filing |
| 73 | First Trust Emerging Markets AlphaDEX Fund First Trust Exchange-Traded AlphaDEX Fund II | 390,596 | 3.9M $ | 0.64 % | as of Mar 31, 2026 · Original filing |
| 74 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 381,750 | 3.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 75 | Fidelity Global ex U.S. Index Fund Fidelity Salem Street Trust | 350,538 | 3.1M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 76 | Lazard Retirement Emerging Markets Equity Portfolio LAZARD RETIREMENT SERIES INC | 344,800 | 3.5M $ | 0.79 % | as of Mar 31, 2026 · Original filing |
| 77 | BTG PACTUAL SYNERGY LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 340,900 | 14.9M R$ | 2.26 % | as of Apr 30, 2026 · Original filing |
| 78 | Schwab Fundamental Emerging Markets Equity Index Fund SCHWAB CAPITAL TRUST | 333,000 | 2.9M $ | 0.17 % | as of Apr 30, 2026 · Original filing |
| 79 | Handelsbanken Global Index Criteria Handelsbanken Fonder AB | 330,063 | 31.3M SEK | 0.02 % | as of Mar 31, 2026 · Original filing |
| 80 | MFS Low Volatility Global Equity Fund MFS SERIES TRUST I | 319,400 | 3.6M $ | 1.16 % | as of Feb 28, 2026 · Original filing |
| 81 | GMO Climate Change Fund GMO TRUST | 316,431 | 3.6M $ | 0.57 % | as of Feb 28, 2026 · Original filing |
| 82 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 315,827 | 13.8M R$ | 0.31 % | as of Apr 30, 2026 · Original filing |
| 83 | Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust | 314,486 | 2.8M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 84 | UBS FHP FUNDO DE INVESTIMENTO FINANCEIRO - MULTIMERCADO RESPONSABILIDADE LIMITADA | 300,000 | 13.2M R$ | 32.76 % | as of Apr 30, 2026 · Original filing |
| 85 | Fidelity SAI Emerging Markets Index Fund Fidelity Salem Street Trust | 299,512 | 2.7M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 86 | REAL INVESTOR 70 PREVIDENCIA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 296,600 | 13M R$ | 3.38 % | as of Apr 30, 2026 · Original filing |
| 87 | Invesco RAFI Emerging Markets ETF Invesco Exchange-Traded Fund Trust II | 291,368 | 2.6M $ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 88 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 290,237 | 12.7M R$ | 1.01 % | as of Apr 30, 2026 · Original filing |
| 89 | TÁVOLA EQUITY HEDGE 15 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 289,300 | 12.7M R$ | 4.10 % | as of Apr 30, 2026 · Original filing |
| 90 | VERSA LONG BIASED FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 280,700 | 12.3M R$ | 70.11 % | as of Apr 30, 2026 · Original filing |
| 91 | Diversified International Account Principal Variable Contract Funds, Inc | 277,400 | 2.8M $ | 1.10 % | as of Mar 31, 2026 · Original filing |
| 92 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 274,174 | 12M R$ | 0.80 % | as of Apr 30, 2026 · Original filing |
| 93 | PORTO CERVO RV FUNDO DE INVESTIMENTO EM AÇÕES | 270,000 | 11.8M R$ | 9.79 % | as of Apr 30, 2026 · Original filing |
| 94 | Storebrand Global All Countries Storebrand Asset Management AS | 269,932 | 25.6M SEK | 0.06 % | as of Mar 31, 2026 · Original filing |
| 95 | AVIÃO II FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 267,400 | 11.7M R$ | 26.23 % | as of Apr 30, 2026 · Original filing |
| 96 | OCEANA EQUITY HEDGE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 256,137 | 11.2M R$ | 2.10 % | as of Apr 30, 2026 · Original filing |
| 97 | Tax-Managed Real Assets Fund RUSSELL INVESTMENT CO | 249,943 | 2.2M $ | 0.15 % | as of Apr 30, 2026 · Original filing |
| 98 | DOREL FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 249,300 | 10.9M R$ | 11.40 % | as of Apr 30, 2026 · Original filing |
| 99 | Columbia EM Core ex-China ETF Columbia ETF Trust II | 245,938 | 2.4M $ | 0.17 % | as of Mar 31, 2026 · Original filing |
| 100 | ABSOLUTE ALPHA GLOBAL MASTER FIF MULTI - RESPONSABILIDADE LIMITADA | 244,789 | 241.2K R$ | 0.13 % | as of Apr 30, 2026 · Original filing |