| 1 | iShares MSCI Brazil ETF iShares, Inc. | 15,150,424 | 76.2M $ | 0.79 % | as of Feb 28, 2026 · Original filing |
| 2 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 10,471,235 | 63.3M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 3 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 9,780,742 | 59.1M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 4 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 8,011,537 | 40.3M $ | 0.03 % | as of Feb 28, 2026 · Original filing |
| 5 | The Hartford International Value Fund HARTFORD MUTUAL FUNDS, INC | 7,559,427 | 45.7M $ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 6 | Third Avenue Value Fund Third Avenue Trust | 6,626,149 | 40.1M $ | 4.08 % | as of Apr 30, 2026 · Original filing |
| 7 | Schwab Fundamental Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 5,119,657 | 25.8M $ | 0.27 % | as of Feb 28, 2026 · Original filing |
| 8 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2,700,243 | 16.3M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 9 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 2,669,783 | 79.2M R$ | 0.23 % | as of Apr 30, 2026 · Original filing |
| 10 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 2,341,515 | 70.1M R$ | 2.61 % | as of Apr 30, 2026 · Original filing |
| 11 | IBIUNA LONG SHORT ST MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 2,161,698 | 64.7M R$ | 3.31 % | as of Apr 30, 2026 · Original filing |
| 12 | iShares MSCI Emerging Markets ETF iShares, Inc. | 1,886,842 | 9.5M $ | 0.03 % | as of Feb 28, 2026 · Original filing |
| 13 | PREVI RENDA VARIÁVEL ATIVA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 1,780,600 | 53.3M R$ | 1.16 % | as of Apr 30, 2026 · Original filing |
| 14 | AP7 Aktiefond Sjunde AP-fonden | 1,756,790 | 92M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 15 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,630,522 | 9.9M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 16 | LAB FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES | 1,600,000 | 47.9M R$ | 2.81 % | as of Apr 30, 2026 · Original filing |
| 17 | iShares MSCI Emerging Markets ex China ETF iShares, Inc. | 1,517,101 | 7.6M $ | 0.04 % | as of Feb 28, 2026 · Original filing |
| 18 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 1,488,558 | 8.2M $ | 0.05 % | as of Mar 31, 2026 · Original filing |
| 19 | GUEPARDO PREVIDÊNCIA FIFE FUNDO DE INVESTIMENTO MULTIMERCADO RESPONSABILIDADE LIMITADA | 1,481,422 | 44.4M R$ | 14.86 % | as of Apr 30, 2026 · Original filing |
| 20 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 1,387,100 | 8.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 21 | SPX RAPTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO RESP LIMITADA | 1,264,992 | 37.9M R$ | 0.64 % | as of Apr 30, 2026 · Original filing |
| 22 | Tax-Managed International Equity Fund RUSSELL INVESTMENT CO | 1,248,874 | 7.6M $ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 23 | iShares Core MSCI Total International Stock ETF iShares Trust | 1,207,861 | 7.3M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 24 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,165,423 | 34.9M R$ | 1.01 % | as of Apr 30, 2026 · Original filing |
| 25 | SPX SUMMIT MACRO LONG SHORT MASTER FIF MULTIMERCADO CRED PRIV RESPONSABILIDADE LIMITADA | 1,060,205 | 31.7M R$ | 2.09 % | as of Apr 30, 2026 · Original filing |
| 26 | CAIXA MASTER AÇÕES LIVRE QUANTITATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 950,000 | 28.4M R$ | 3.11 % | as of Apr 30, 2026 · Original filing |
| 27 | International Value Portfolio PACIFIC SELECT FUND | 909,794 | 5M $ | 0.45 % | as of Mar 31, 2026 · Original filing |
| 28 | ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 905,400 | 27.1M R$ | 1.97 % | as of Apr 30, 2026 · Original filing |
| 29 | First Trust Emerging Markets AlphaDEX Fund First Trust Exchange-Traded AlphaDEX Fund II | 887,170 | 4.9M $ | 0.80 % | as of Mar 31, 2026 · Original filing |
| 30 | Schwab Fundamental Emerging Markets Equity Index Fund SCHWAB CAPITAL TRUST | 875,138 | 5.3M $ | 0.31 % | as of Apr 30, 2026 · Original filing |
| 31 | GUEPARDO LONG BIAS RV FUNDO DE INVESTIMENTO MULTIMERCADO | 871,019 | 26.1M R$ | 29.07 % | as of Apr 30, 2026 · Original filing |
| 32 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 869,300 | 5.3M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 33 | SIT Emerging Markets Equity Fund SEI INSTITUTIONAL INTERNATIONAL TRUST | 771,033 | 4.2M $ | 0.27 % | as of Mar 31, 2026 · Original filing |
| 34 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 768,915 | 3.9M $ | 0.03 % | as of Feb 28, 2026 · Original filing |
| 35 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND VANGUARD WHITEHALL FUNDS | 762,200 | 4.6M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 36 | Invesco RAFI Emerging Markets ETF Invesco Exchange-Traded Fund Trust II | 761,892 | 4.6M $ | 0.23 % | as of Apr 30, 2026 · Original filing |
| 37 | Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust | 733,509 | 4.4M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 38 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 718,071 | 21.4M R$ | 0.16 % | as of Apr 30, 2026 · Original filing |
| 39 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 717,400 | 3.9M $ | 0.79 % | as of Mar 31, 2026 · Original filing |
| 40 | X LAB FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES | 700,000 | 21M R$ | 2.90 % | as of Apr 30, 2026 · Original filing |
| 41 | THE EMERGING MARKETS SERIES DFA INVESTMENT TRUST CO | 688,793 | 4.2M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 42 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 679,350 | 20.3M R$ | 0.17 % | as of Apr 30, 2026 · Original filing |
| 43 | KAPITALO ZETA MERIDIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 675,086 | 20.2M R$ | 0.44 % | as of Apr 30, 2026 · Original filing |
| 44 | Third Avenue Value Portfolio Third Avenue Variable Series Trust | 652,660 | 3.6M $ | 3.89 % | as of Mar 31, 2026 · Original filing |
| 45 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 639,800 | 3.8M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 46 | Victory Market Neutral Income Fund Victory Portfolios II | 637,500 | 3.5M $ | 0.12 % | as of Mar 31, 2026 · Original filing |
| 47 | Emerging Markets Equity Fund GuideStone Funds | 629,700 | 3.5M $ | 0.35 % | as of Mar 31, 2026 · Original filing |
| 48 | Hartford Schroders International Multi-Cap Value Fund HARTFORD MUTUAL FUNDS II, INC | 596,900 | 3.6M $ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 49 | SPX FALCON INSTITUCIONAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LIMITADA | 595,306 | 17.8M R$ | 8.01 % | as of Apr 30, 2026 · Original filing |
| 50 | KAPITALO MASTER I FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 574,264 | 17.2M R$ | 0.80 % | as of Apr 30, 2026 · Original filing |
| 51 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 565,196 | 3.4M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 52 | ONEASCENT INTERNATIONAL EQUITY ETF Unified Series Trust | 559,400 | 2.8M $ | 0.95 % | as of Feb 28, 2026 · Original filing |
| 53 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 555,160 | 3.4M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 54 | SPX NIMITZ MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 524,813 | 15.7M R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 55 | DOM BOSCO FUNDO DE INVESTIMENTO FINANCEIRO AÇÕES - RESPONSABILIDADE LIMITADA | 512,300 | 15.3M R$ | 2.85 % | as of Apr 30, 2026 · Original filing |
| 56 | SAFARI MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 506,000 | 15.1M R$ | 7.80 % | as of Apr 30, 2026 · Original filing |
| 57 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 505,628 | 15.1M R$ | 1.21 % | as of Apr 30, 2026 · Original filing |
| 58 | Strategic Advisers Emerging Markets Fund Fidelity Rutland Square Trust II | 483,800 | 2.4M $ | 0.02 % | as of Feb 28, 2026 · Original filing |
| 59 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 477,181 | 14.3M R$ | 0.96 % | as of Apr 30, 2026 · Original filing |
| 60 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 467,939 | 14M R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 61 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 454,161 | 2.5M $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 62 | EOS HERCULES FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES INVESTIMENTO NO EXTERIOR | 450,000 | 13.5M R$ | 1.13 % | as of Apr 30, 2026 · Original filing |
| 63 | Global Equity Fund RUSSELL INVESTMENT CO | 448,511 | 2.7M $ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 64 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 418,666 | 12.5M R$ | 0.28 % | as of Apr 30, 2026 · Original filing |
| 65 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 389,776 | 2.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 66 | ITAÚ FLEXPREV FIF AÇÕES - RESP LIMITADA | 385,284 | 11.5M R$ | 0.67 % | as of Apr 30, 2026 · Original filing |
| 67 | FIF - CLASSE DE INVESTIMENTO EM AÇÕES VIVEST IBOVESPA ATIVO RESP LIMITADA | 384,316 | 11.5M R$ | 1.17 % | as of Apr 30, 2026 · Original filing |
| 68 | ITAÚ IBRX ATIVO MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 376,372 | 11.3M R$ | 1.44 % | as of Apr 30, 2026 · Original filing |
| 69 | NEO VITALE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 367,480 | 11M R$ | 1.87 % | as of Apr 30, 2026 · Original filing |
| 70 | Fidelity Global ex U.S. Index Fund Fidelity Salem Street Trust | 366,500 | 2.2M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 71 | TRUXT RETORNO REAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 361,397 | 10.8M R$ | 4.92 % | as of Apr 30, 2026 · Original filing |
| 72 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 359,193 | 10.8M R$ | 1.11 % | as of Apr 30, 2026 · Original filing |
| 73 | Acadian Emerging Markets Portfolio ADVISORS' INNER CIRCLE FUND | 358,300 | 2.2M $ | 0.14 % | as of Apr 30, 2026 · Original filing |
| 74 | TRUXT LONG SHORT MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 352,035 | 10.5M R$ | 1.95 % | as of Apr 30, 2026 · Original filing |
| 75 | American Beacon Ninety One Emerging Markets Equity Fund AMERICAN BEACON FUNDS | 351,719 | 1.8M $ | 0.58 % | as of Feb 28, 2026 · Original filing |
| 76 | CAIXA RV 100 PREVINVEST PREVIDENCIÁRIO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 350,976 | 10.5M R$ | 1.18 % | as of Apr 30, 2026 · Original filing |
| 77 | Victory International Fund Victory Portfolios III | 341,414 | 1.7M $ | 0.06 % | as of Feb 28, 2026 · Original filing |
| 78 | SEI Select Emerging Markets Equity ETF SEI EXCHANGE TRADED FUNDS | 332,782 | 1.8M $ | 0.40 % | as of Mar 31, 2026 · Original filing |
| 79 | TRUXT LONG BIAS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 331,914 | 9.9M R$ | 3.91 % | as of Apr 30, 2026 · Original filing |
| 80 | KAPITALO K10 PREVIDÊNCIA MASTER FIF MULT RESP LIMITADA | 329,939 | 9.9M R$ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 81 | BB AÇÕES GOVERNANÇA IS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 323,900 | 9.7M R$ | 1.12 % | as of Apr 30, 2026 · Original filing |
| 82 | BTG PACTUAL SYNERGY EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 322,385 | 9.7M R$ | 0.93 % | as of Apr 30, 2026 · Original filing |
| 83 | LOCAL EXPLORER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 321,095 | 9.6M R$ | 1.19 % | as of Apr 30, 2026 · Original filing |
| 84 | Fidelity SAI Emerging Markets Index Fund Fidelity Salem Street Trust | 312,438 | 1.9M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 85 | IBIUNA LONG BIASED MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 310,660 | 9.3M R$ | 3.72 % | as of Apr 30, 2026 · Original filing |
| 86 | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund WisdomTree Trust | 293,004 | 1.6M $ | 0.09 % | as of Mar 31, 2026 · Original filing |
| 87 | ONEASCENT EMERGING MARKETS ETF Unified Series Trust | 289,400 | 1.5M $ | 1.47 % | as of Feb 28, 2026 · Original filing |
| 88 | OCEANA EQUITY HEDGE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 288,900 | 8.6M R$ | 1.62 % | as of Apr 30, 2026 · Original filing |
| 89 | SA JPMorgan Emerging Markets Portfolio SUNAMERICA SERIES TRUST | 278,551 | 1.7M $ | 0.74 % | as of Apr 30, 2026 · Original filing |
| 90 | LOGOS TOTAL RETURN MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 277,700 | 8.3M R$ | 6.70 % | as of Apr 30, 2026 · Original filing |
| 91 | iShares MSCI ACWI ETF iShares Trust | 273,914 | 1.7M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 92 | LSV Emerging Markets Equity Fund ADVISORS' INNER CIRCLE FUND | 261,300 | 1.6M $ | 0.38 % | as of Apr 30, 2026 · Original filing |
| 93 | Hartford Emerging Markets Equity Fund HARTFORD MUTUAL FUNDS, INC | 240,600 | 1.5M $ | 0.24 % | as of Apr 30, 2026 · Original filing |
| 94 | BRAM H PASSIVO IBRX FI FINANCEIRO - CIA - RESP LIMITADA | 239,686 | 7.2M R$ | 1.11 % | as of Apr 30, 2026 · Original filing |
| 95 | Emerging Markets Sustainability Core 1 Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 235,566 | 1.4M $ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 96 | iShares MSCI ACWI ex U.S. ETF iShares Trust | 234,778 | 1.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 97 | VENTOR HEDGE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 233,021 | 7M R$ | 1.37 % | as of Apr 30, 2026 · Original filing |
| 98 | STACX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 232,400 | 7M R$ | 18.58 % | as of Apr 30, 2026 · Original filing |
| 99 | Global Macro Capital Opportunities Portfolio Global Macro Capital Opportunities Portfolio | 230,200 | 1.4M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 100 | Nuveen ESG Emerging Markets Equity ETF NuShares ETF Trust | 227,321 | 1.4M $ | 0.37 % | as of Apr 30, 2026 · Original filing |