| 1 | T. Rowe Price Emerging Markets Discovery Stock Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 6,867,209 | 35.9M $ | 0.58 % | as of Apr 30, 2026 · Original filing |
| 2 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 3,733,300 | 96.4M R$ | 0.82 % | as of Apr 30, 2026 · Original filing |
| 3 | IBIUNA LONG SHORT ST MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 2,834,704 | 73.2M R$ | 3.75 % | as of Apr 30, 2026 · Original filing |
| 4 | Emerging Markets Equity Fund John Hancock Investment Trust | 2,291,700 | 11.9M $ | 0.81 % | as of Apr 30, 2026 · Original filing |
| 5 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 1,774,913 | 9.3M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 6 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,686,560 | 8.8M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 7 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 1,652,969 | 10M $ | 0.01 % | as of Feb 28, 2026 · Original filing |
| 8 | Artisan Sustainable Emerging Markets Fund Artisan Partners Funds Inc. | 1,512,700 | 7.5M $ | 1.44 % | as of Mar 31, 2026 · Original filing |
| 9 | Matthews Emerging Markets Small Companies Fund Matthews International Funds | 1,056,000 | 5.3M $ | 1.36 % | as of Mar 31, 2026 · Original filing |
| 10 | MAR ABSOLUTO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 912,828 | 23.6M R$ | 1.56 % | as of Apr 30, 2026 · Original filing |
| 11 | IBIUNA LONG BIASED MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 807,177 | 20.8M R$ | 8.33 % | as of Apr 30, 2026 · Original filing |
| 12 | iShares MSCI Brazil Small-Cap ETF iShares Trust | 715,060 | 4.3M $ | 1.19 % | as of Feb 28, 2026 · Original filing |
| 13 | NEO VITALE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 611,020 | 15.8M R$ | 2.69 % | as of Apr 30, 2026 · Original filing |
| 14 | JNL Multi-Manager Emerging Markets Equity Fund JNL Series Trust | 527,450 | 2.6M $ | 0.19 % | as of Mar 31, 2026 · Original filing |
| 15 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 496,029 | 12.7M R$ | 0.10 % | as of Apr 30, 2026 · Original filing |
| 16 | VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 485,704 | 2.5M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 17 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 467,000 | 2.4M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 18 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 383,693 | 9.9M R$ | 0.22 % | as of Apr 30, 2026 · Original filing |
| 19 | LEGACY CAPITAL ALPHA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 335,300 | 8.7M R$ | 0.34 % | as of Apr 30, 2026 · Original filing |
| 20 | NEO PROVECTUS II FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 323,325 | 8.3M R$ | 2.42 % | as of Apr 30, 2026 · Original filing |
| 21 | CAIXA SMALL CAPS ATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 310,100 | 8M R$ | 1.72 % | as of Apr 30, 2026 · Original filing |
| 22 | EAGLE MASTER FUNDO DE INVESTIMENTO EM AÇÕES | 300,000 | 7.7M R$ | 3.32 % | as of Apr 30, 2026 · Original filing |
| 23 | ENCORE LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 286,500 | 7.4M R$ | 3.42 % | as of Apr 30, 2026 · Original filing |
| 24 | LOGOS TOTAL RETURN MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 285,800 | 7.4M R$ | 5.94 % | as of Apr 30, 2026 · Original filing |
| 25 | THE EMERGING MARKETS SMALL CAP SERIES DFA INVESTMENT TRUST CO | 281,193 | 1.5M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 26 | ONYX LATAM EQUITY FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 253,022 | 6.5M R$ | 5.31 % | as of Apr 30, 2026 · Original filing |
| 27 | ARC I FUNDO DE INVESTIMENTO FINANCEIRO - AÇÕES RESPONSABILIDADE LIMITADA | 250,000 | 6.5M R$ | 18.69 % | as of Apr 30, 2026 · Original filing |
| 28 | TRUXT LONG BIAS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 247,841 | 6.4M R$ | 2.52 % | as of Apr 30, 2026 · Original filing |
| 29 | TRUXT LONG SHORT MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 221,977 | 5.7M R$ | 1.06 % | as of Apr 30, 2026 · Original filing |
| 30 | VERSA LONG BIASED FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 209,800 | 5.4M R$ | 30.85 % | as of Apr 30, 2026 · Original filing |
| 31 | NEO PROVECTUS I FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LIMITADA | 201,290 | 5.2M R$ | 1.82 % | as of Apr 30, 2026 · Original filing |
| 32 | MERAKI BRABUS FUNDO DE INVESTIMENTO EM AÇÕES | 200,983 | 5.2M R$ | 1.12 % | as of Apr 30, 2026 · Original filing |
| 33 | CONSILIUM FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 187,410 | 4.8M R$ | 4.51 % | as of Apr 30, 2026 · Original filing |
| 34 | SPEEDWAY LONG SHORT MASTER FUNDO DE INVESTIMENTO MULTIMERCADO | 185,300 | 4.8M R$ | 1.26 % | as of Apr 30, 2026 · Original filing |
| 35 | MAR ABSOLUTO PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 177,738 | 4.6M R$ | 1.48 % | as of Apr 30, 2026 · Original filing |
| 36 | OITI FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR RESPONSABILIDADE LIMITADA | 172,180 | 4.4M R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 37 | NEO MULTI ESTRATÉGIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 157,513 | 4.1M R$ | 1.21 % | as of Apr 30, 2026 · Original filing |
| 38 | LGCY FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 156,919 | 4.1M R$ | 2.85 % | as of Apr 30, 2026 · Original filing |
| 39 | Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust | 154,000 | 797.8K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 40 | ENCORE LONG BIAS PREV FUNDO DE INVESTIMENTO MULTIMERCADO | 152,700 | 3.9M R$ | 3.94 % | as of Apr 30, 2026 · Original filing |
| 41 | FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES MISTRAL | 149,600 | 3.9M R$ | 1.34 % | as of Apr 30, 2026 · Original filing |
| 42 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 144,500 | 748.5K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 43 | SPRINGS EQUITY HEDGE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 143,000 | 3.7M R$ | 0.98 % | as of Apr 30, 2026 · Original filing |
| 44 | FINISTERRAE FIF DE AÇÕES INVESTIMENTO NO EXTERIOR - RESP LIMITADA | 141,738 | 3.7M R$ | 5.38 % | as of Apr 30, 2026 · Original filing |
| 45 | ITAÚ IBRX ATIVO MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 135,693 | 3.5M R$ | 0.45 % | as of Apr 30, 2026 · Original filing |
| 46 | DEZEMBRO RV FUNDO DE INVESTIMENTO MULTIMERCADO | 131,700 | 3.4M R$ | 2.82 % | as of Apr 30, 2026 · Original filing |
| 47 | OCCAM RETORNO ABSOLUTO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 130,130 | 950.8K R$ | 0.18 % | as of Apr 30, 2026 · Original filing |
| 48 | Victory Emerging Markets Fund Victory Portfolios III | 123,500 | 750.5K $ | 0.10 % | as of Feb 28, 2026 · Original filing |
| 49 | WisdomTree Emerging Markets SmallCap Dividend Fund WisdomTree Trust | 122,331 | 607K $ | 0.04 % | as of Mar 31, 2026 · Original filing |
| 50 | LEROSA SIRIUS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 112,500 | 2.9M R$ | 10.92 % | as of Apr 30, 2026 · Original filing |
| 51 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 107,400 | 559.8K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 52 | LEGACY CAPITAL TR FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 104,470 | 2.7M R$ | 1.77 % | as of Apr 30, 2026 · Original filing |
| 53 | PRÓPRIO CAPITAL FUNDO DE INVESTIMENTO FINANCEIRO | 102,000 | 2.6M R$ | 4.02 % | as of Apr 30, 2026 · Original filing |
| 54 | GENOA CAPITAL COAST FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 101,545 | 2.6M R$ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 55 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 100,900 | 504.7K $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 56 | SAFRA GALILEO MASTER FIF CLASSE DE INVESTIMENTO MULTIMERCADO RESPONSABILIDADE LIMITADA | 99,271 | 2.6M R$ | 0.33 % | as of Apr 30, 2026 · Original filing |
| 57 | Global X Emerging Markets Great Consumer ETF GLOBAL X FUNDS | 97,700 | 593.4K $ | 0.95 % | as of Feb 28, 2026 · Original filing |
| 58 | PATAGONIA FUNDO DE INVESTIMENTO EM AÇÕES | 97,220 | 2.5M R$ | 2.60 % | as of Apr 30, 2026 · Original filing |
| 59 | VERSA FIT LONG BIASED FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 96,900 | 2.5M R$ | 13.99 % | as of Apr 30, 2026 · Original filing |
| 60 | CAIXA MASTER FUNDAMENTOS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 95,400 | 2.5M R$ | 7.14 % | as of Apr 30, 2026 · Original filing |
| 61 | OCEANA EQUITY HEDGE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 93,700 | 2.4M R$ | 0.45 % | as of Apr 30, 2026 · Original filing |
| 62 | ITAÚ AÇÕES DIVIDENDOS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 89,000 | 2.3M R$ | 0.94 % | as of Apr 30, 2026 · Original filing |
| 63 | ITAÚ SMALL CAP MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 87,704 | 2.3M R$ | 0.74 % | as of Apr 30, 2026 · Original filing |
| 64 | ABS Insights Emerging Markets Fund NORTHERN LIGHTS FUND TRUST III | 83,700 | 416.6K $ | 0.29 % | as of Mar 31, 2026 · Original filing |
| 65 | GMO Emerging Markets Fund GMO TRUST | 83,600 | 508K $ | 0.10 % | as of Feb 28, 2026 · Original filing |
| 66 | SOPHOS FUNDO DE INVESTIMENTO EM AÇÕES | 83,100 | 2.1M R$ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 67 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 82,427 | 429.6K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 68 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 82,081 | 2.1M R$ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 69 | SHARP TE1 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 81,486 | 79.5K R$ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 70 | VanEck Brazil Small-Cap ETF VanEck ETF Trust | 80,800 | 404.2K $ | 1.65 % | as of Mar 31, 2026 · Original filing |
| 71 | SPRINGS EQUITY HEDGE PLUS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 79,000 | 2M R$ | 1.47 % | as of Apr 30, 2026 · Original filing |
| 72 | NORTE LONG BIAS MASTER CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 76,998 | 2M R$ | 0.98 % | as of Apr 30, 2026 · Original filing |
| 73 | BZ LOCAL FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 76,878 | 2M R$ | 0.76 % | as of Apr 30, 2026 · Original filing |
| 74 | GENOA CAPITAL VESTAS MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 76,831 | 2M R$ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 75 | SICREDI IBOVESPA - FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 74,000 | 1.9M R$ | 0.86 % | as of Apr 30, 2026 · Original filing |
| 76 | GRANDEUR PEAK EMERGING MARKETS OPPORTUNITIES FUND Grandeur Peak Global Trust | 72,000 | 375.6K $ | 1.04 % | as of Apr 30, 2026 · Original filing |
| 77 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 70,180 | 1.8M R$ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 78 | SANTANDER SELEÇÃO LONG BIASED MULTIMERCADO - FIF RESP LIMITADA | 69,800 | 1.8M R$ | 1.98 % | as of Apr 30, 2026 · Original filing |
| 79 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 69,745 | 1.8M R$ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 80 | MERAKI LONG BIASED MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 68,774 | 1.8M R$ | 1.29 % | as of Apr 30, 2026 · Original filing |
| 81 | State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF SPDR INDEX SHARES FUNDS | 68,645 | 340.6K $ | 0.05 % | as of Mar 31, 2026 · Original filing |
| 82 | Matthews Emerging Markets ex China Active ETF Matthews International Funds | 68,000 | 337.4K $ | 0.86 % | as of Mar 31, 2026 · Original filing |
| 83 | Victory Capital Growth Fund Victory Portfolios III | 66,300 | 345.6K $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 84 | UBERABINHA FUNDO DE INVESTIMENTO EM AÇÕES | 65,400 | 1.7M R$ | 1.05 % | as of Apr 30, 2026 · Original filing |
| 85 | ITAÚ MASTER GLOBAL DINÂMICO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 65,023 | 1.7M R$ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 86 | NORTE EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 63,310 | 1.6M R$ | 0.95 % | as of Apr 30, 2026 · Original filing |
| 87 | Dimensional World ex. U.S. Core Equity 2 ETF Dimensional ETF Trust | 61,634 | 319.3K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 88 | TRUXT LONG SHORT PLUS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 61,210 | 1.6M R$ | 1.59 % | as of Apr 30, 2026 · Original filing |
| 89 | MAR ABSOLUTO MASTER FUNDO DE IVNESTIMENTO FINANCEIRO MULTIMERCADO | 59,984 | 1.5M R$ | 1.56 % | as of Apr 30, 2026 · Original filing |
| 90 | V8 SHELBY MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 59,600 | 1.5M R$ | 2.97 % | as of Apr 30, 2026 · Original filing |
| 91 | BAHIA AM UNA EQUITY HEDGE FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 59,200 | 1.5M R$ | 2.53 % | as of Apr 30, 2026 · Original filing |
| 92 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 58,600 | 1.5M R$ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 93 | NEO EQUITY HEDGE P FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 57,735 | 1.5M R$ | 5.36 % | as of Apr 30, 2026 · Original filing |
| 94 | GIANT ZARATHUSTRA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 57,600 | 1.5M R$ | 0.66 % | as of Apr 30, 2026 · Original filing |
| 95 | EXPL ROCKDAYS STOCKS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 57,500 | 1.5M R$ | 5.22 % | as of Apr 30, 2026 · Original filing |
| 96 | ITAÚ FLEXPREV MASTER GD MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 55,900 | 1.4M R$ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 97 | BAHIA AM LONG BIASED MÁSTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 55,100 | 1.4M R$ | 2.50 % | as of Apr 30, 2026 · Original filing |
| 98 | NORTE LONG BIAS MASTER CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 54,302 | 1.4M R$ | 0.98 % | as of Apr 30, 2026 · Original filing |
| 99 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 54,289 | 1.4M R$ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 100 | SHARP LONG SHORT 3 MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 51,496 | 1.3M R$ | 0.38 % | as of Apr 30, 2026 · Original filing |