| 1 | GQG Partners Emerging Markets Equity Fund ADVISORS' INNER CIRCLE III | 38,836,749 | 435.2M $ | 2.02 % | as of Mar 31, 2026 · Original filing |
| 2 | CAIXA FUNDO MÚTUO DE PRIVATIZAÇÃO - FGTS - ELETROBRÁS - RESPONSABILIDADE LIMITADA | 31,005,913 | 1.9B R$ | 99.82 % | as of Apr 30, 2026 · Original filing |
| 3 | iShares MSCI Brazil ETF iShares, Inc. | 22,559,662 | 269.6M $ | 2.79 % | as of Feb 28, 2026 · Original filing |
| 4 | ITAÚ FUNDO MÚTUO DE PRIVATIZAÇÃO FGTS ELETROBRAS RESPONSABILIDADE LIMITADA | 20,027,529 | 1.2B R$ | 99.93 % | as of Apr 30, 2026 · Original filing |
| 5 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 16,402,023 | 205.5M $ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 6 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 15,868,509 | 198.8M $ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 7 | SHARP TE1 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 13,158,969 | 13M R$ | 7.79 % | as of Apr 30, 2026 · Original filing |
| 8 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 13,147,322 | 157.1M $ | 0.11 % | as of Feb 28, 2026 · Original filing |
| 9 | XP FUNDO MÚTUO DE PRIVATIVAÇÃO - FGTS ELETROBRÁS RESPONSABILIDADE LIMITADA | 11,613,452 | 1.3B R$ | 99.19 % | as of Apr 30, 2026 · Original filing |
| 10 | BB FUNDO MÚTUO DE PRIVATIZAÇÃO - FGTS ELETROBRAS - RESPONSABILIDADE LIMITADA | 11,102,357 | 688.9M R$ | 79.29 % | as of Apr 30, 2026 · Original filing |
| 11 | Baillie Gifford Emerging Markets Equities Fund Baillie Gifford Funds | 10,567,600 | 119.4M $ | 1.63 % | as of Mar 31, 2026 · Original filing |
| 12 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 9,564,249 | 311.7M R$ | 0.89 % | as of Apr 30, 2026 · Original filing |
| 13 | OCCAM RETORNO ABSOLUTO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 7,539,488 | 11.3M R$ | 2.13 % | as of Apr 30, 2026 · Original filing |
| 14 | SANTANDER FUNDO MÚTUO DE PRIVATIZAÇÃO - FGTS ELETROBRAS RESPONSABILIDADE LIMITADA | 7,290,000 | 452.3M R$ | 100.00 % | as of Apr 30, 2026 · Original filing |
| 15 | SHARP TE3 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 7,051,613 | 6.9M R$ | 4.12 % | as of Apr 30, 2026 · Original filing |
| 16 | Fidelity Series Emerging Markets Opportunities Fund Fidelity Investment Trust | 6,304,700 | 79M $ | 0.26 % | as of Apr 30, 2026 · Original filing |
| 17 | iShares Latin America 40 ETF iShares Trust | 5,994,370 | 67.8M $ | 1.60 % | as of Mar 31, 2026 · Original filing |
| 18 | BRADESCO FUNDO MÚTUO DE PRIVATIZAÇÃO - FGTS - CI ELETROBRAS - RESP LIMITADA | 5,864,421 | 363.9M R$ | 99.72 % | as of Apr 30, 2026 · Original filing |
| 19 | Goldman Sachs GQG Partners International Opportunities Fund Goldman Sachs Trust II | 5,762,400 | 72.2M $ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 20 | Strategic Advisers Fidelity Emerging Markets Fund Fidelity Rutland Square Trust II | 5,717,161 | 68.3M $ | 0.19 % | as of Feb 28, 2026 · Original filing |
| 21 | Fidelity Series Emerging Markets Fund Fidelity Investment Trust | 5,404,489 | 67.7M $ | 0.87 % | as of Apr 30, 2026 · Original filing |
| 22 | JPMorgan Emerging Markets Equity Fund JPMorgan Trust I | 5,199,319 | 65.3M $ | 0.60 % | as of Apr 30, 2026 · Original filing |
| 23 | BTG PACTUAL REFERENCE FUNDO MÚTUO DE PRIVATIZAÇÃO DO FGTS ELETROBRAS | 5,075,794 | 315M R$ | 99.80 % | as of Apr 30, 2026 · Original filing |
| 24 | CAIXA ELETROBRAS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 4,623,205 | 286.9M R$ | 94.41 % | as of Apr 30, 2026 · Original filing |
| 25 | V8 SRT FUNDO DE INVESTIMENTO FINANCEIRO RENDA FIXA - RESPONSABILIDADE LIMITADA | 4,549,031 | 4.5M R$ | 0.61 % | as of Apr 30, 2026 · Original filing |
| 26 | PREVI RENDA VARIÁVEL ATIVA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 4,494,826 | 278.9M R$ | 6.09 % | as of Apr 30, 2026 · Original filing |
| 27 | ABSOLUTE ALPHA GLOBAL MASTER FIF MULTI - RESPONSABILIDADE LIMITADA | 3,649,971 | 118.1M R$ | 64.86 % | as of Apr 30, 2026 · Original filing |
| 28 | FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES MISTYQUE | 3,587,900 | 222.6M R$ | 12.88 % | as of Apr 30, 2026 · Original filing |
| 29 | Goldman Sachs Emerging Markets Equity Insights Fund Goldman Sachs Trust | 3,329,500 | 41.7M $ | 1.19 % | as of Apr 30, 2026 · Original filing |
| 30 | Cullen Emerging Markets High Dividend Fund Cullen Funds Trust | 3,319,025 | 37.5M $ | 1.99 % | as of Mar 31, 2026 · Original filing |
| 31 | ABSOLUTE ALPHA MARB MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 3,204,493 | 198.8M R$ | 71.39 % | as of Apr 30, 2026 · Original filing |
| 32 | iShares MSCI Emerging Markets ETF iShares, Inc. | 3,099,930 | 37M $ | 0.12 % | as of Feb 28, 2026 · Original filing |
| 33 | ITAÚ ELETROBRAS AÇÕES FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 2,991,417 | 185.6M R$ | 99.90 % | as of Apr 30, 2026 · Original filing |
| 34 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,721,007 | 168.8M R$ | 1.43 % | as of Apr 30, 2026 · Original filing |
| 35 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 2,655,965 | 33.3M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 36 | BB AÇÕES ELETROBRAS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 2,502,200 | 155.3M R$ | 70.39 % | as of Apr 30, 2026 · Original filing |
| 37 | iShares MSCI Emerging Markets ex China ETF iShares, Inc. | 2,441,802 | 29.2M $ | 0.16 % | as of Feb 28, 2026 · Original filing |
| 38 | SAFRA FUNDO MÚTUO DE PRIVATIZAÇÃO FGTS ELETROBRAS CLASSE DE INVESTIMENTO EM AÇÕES RESP LIMITADA | 2,428,228 | 150.7M R$ | 98.05 % | as of Apr 30, 2026 · Original filing |
| 39 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 2,311,930 | 29M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 40 | Goldman Sachs Emerging Markets Equity Fund Goldman Sachs Trust | 2,231,500 | 28M $ | 0.85 % | as of Apr 30, 2026 · Original filing |
| 41 | KAPITALO MASTER I FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,201,034 | 136.6M R$ | 6.38 % | as of Apr 30, 2026 · Original filing |
| 42 | WisdomTree Emerging Markets High Dividend Fund WisdomTree Trust | 2,189,923 | 24.6M $ | 0.71 % | as of Mar 31, 2026 · Original filing |
| 43 | DAYCOVAL FUNDO MÚTUO DE PRIVATIZAÇÃO DO FGTS ELETROBRAS (FMP-FGTS) | 1,979,311 | 122.8M R$ | 79.55 % | as of Apr 30, 2026 · Original filing |
| 44 | Strategic Advisers Emerging Markets Fund Fidelity Rutland Square Trust II | 1,969,850 | 23.5M $ | 0.16 % | as of Feb 28, 2026 · Original filing |
| 45 | ABSOLUTE VERTEX MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,873,693 | 116.3M R$ | 1.27 % | as of Apr 30, 2026 · Original filing |
| 46 | ABDALLA FUNDO DE INVESTIMENTO EM AÇÕES | 1,842,900 | 114.4M R$ | 32.69 % | as of Apr 30, 2026 · Original filing |
| 47 | LAB FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES | 1,800,000 | 111.7M R$ | 6.55 % | as of Apr 30, 2026 · Original filing |
| 48 | PARTNER FIF - CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 1,776,444 | 110.2M R$ | 8.38 % | as of Apr 30, 2026 · Original filing |
| 49 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 1,754,760 | 108.9M R$ | 4.06 % | as of Apr 30, 2026 · Original filing |
| 50 | UBS PRÓPRIO FUNDO DE INVESTIMENTO FINANCEIRO - MULTIMERCADO CRÉDITO PRIVADO | 1,723,848 | 107M R$ | 3.55 % | as of Apr 30, 2026 · Original filing |
| 51 | Kopernik Global All-Cap Fund ADVISORS' INNER CIRCLE FUND II | 1,692,511 | 21.3M $ | 0.62 % | as of Apr 30, 2026 · Original filing |
| 52 | iShares Core MSCI Total International Stock ETF iShares Trust | 1,605,769 | 20.1M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 53 | Hartford Schroders Emerging Markets Equity Fund HARTFORD MUTUAL FUNDS II, INC | 1,585,139 | 19.9M $ | 0.26 % | as of Apr 30, 2026 · Original filing |
| 54 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 1,568,008 | 19.6M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 55 | PETROS SELEÇÃO RETORNO REAL FIF - CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 1,526,700 | 94.7M R$ | 8.35 % | as of Apr 30, 2026 · Original filing |
| 56 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 1,457,365 | 18.3M $ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 57 | ABS TOTAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,421,576 | 88.2M R$ | 4.27 % | as of Apr 30, 2026 · Original filing |
| 58 | JNL/GQG Emerging Markets Equity Fund JNL Series Trust | 1,413,500 | 16M $ | 2.17 % | as of Mar 31, 2026 · Original filing |
| 59 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 1,373,626 | 16.4M $ | 0.13 % | as of Feb 28, 2026 · Original filing |
| 60 | Schwab Fundamental Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 1,360,919 | 16.3M $ | 0.17 % | as of Feb 28, 2026 · Original filing |
| 61 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,262,087 | 78.3M R$ | 2.27 % | as of Apr 30, 2026 · Original filing |
| 62 | SPX RAPTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO RESP LIMITADA | 1,255,309 | 77.9M R$ | 1.31 % | as of Apr 30, 2026 · Original filing |
| 63 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND VANGUARD WHITEHALL FUNDS | 1,224,782 | 15.3M $ | 0.08 % | as of Apr 30, 2026 · Original filing |
| 64 | GENIAL FUNDO MÚTUO DE PRIVATIZAÇÃO - FGTS ELETROBRAS | 1,213,134 | 75.3M R$ | 78.96 % | as of Apr 30, 2026 · Original filing |
| 65 | SPX SUMMIT MACRO LONG SHORT MASTER FIF MULTIMERCADO CRED PRIV RESPONSABILIDADE LIMITADA | 1,164,560 | 72.3M R$ | 4.77 % | as of Apr 30, 2026 · Original filing |
| 66 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 1,160,500 | 13M $ | 2.62 % | as of Mar 31, 2026 · Original filing |
| 67 | ITAÚ DUNAMIS MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 1,108,000 | 68.8M R$ | 4.51 % | as of Apr 30, 2026 · Original filing |
| 68 | DWS Latin America Equity Fund DEUTSCHE DWS INTERNATIONAL FUND, INC. | 1,089,447 | 13.7M $ | 3.35 % | as of Apr 30, 2026 · Original filing |
| 69 | SPRINGS EQUITY HEDGE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,076,700 | 66.8M R$ | 17.71 % | as of Apr 30, 2026 · Original filing |
| 70 | PARCITAS HEDGE MASTER FIF MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,009,400 | 62.6M R$ | 7.57 % | as of Apr 30, 2026 · Original filing |
| 71 | CAIXA FGHAB FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,000,000 | 62.1M R$ | 1.46 % | as of Apr 30, 2026 · Original filing |
| 72 | GQG Partners International Quality Value Fund ADVISORS' INNER CIRCLE III | 952,100 | 10.7M $ | 1.56 % | as of Mar 31, 2026 · Original filing |
| 73 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 936,745 | 11.7M $ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 74 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 930,386 | 57.7M R$ | 1.30 % | as of Apr 30, 2026 · Original filing |
| 75 | OITI FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR RESPONSABILIDADE LIMITADA | 910,776 | 56.5M R$ | 0.17 % | as of Apr 30, 2026 · Original filing |
| 76 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 896,138 | 11.2M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 77 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 882,500 | 54.8M R$ | 4.36 % | as of Apr 30, 2026 · Original filing |
| 78 | KAPITALO K10 PREVIDÊNCIA MASTER FIF MULT RESP LIMITADA | 871,771 | 54.1M R$ | 0.64 % | as of Apr 30, 2026 · Original filing |
| 79 | BTG PACTUAL SYNERGY LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 846,402 | 52.5M R$ | 7.93 % | as of Apr 30, 2026 · Original filing |
| 80 | OCCAM EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 841,508 | 1.5M R$ | 0.90 % | as of Apr 30, 2026 · Original filing |
| 81 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 832,519 | 51.7M R$ | 3.46 % | as of Apr 30, 2026 · Original filing |
| 82 | Emerging Markets Portfolio PACIFIC SELECT FUND | 809,000 | 9.1M $ | 1.11 % | as of Mar 31, 2026 · Original filing |
| 83 | ITAÚ INFLATION EQUITY OPPORTUNITIES MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 808,837 | 50.2M R$ | 5.52 % | as of Apr 30, 2026 · Original filing |
| 84 | KRYPTON FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 807,761 | 50.1M R$ | 29.28 % | as of Apr 30, 2026 · Original filing |
| 85 | THE EMERGING MARKETS SERIES DFA INVESTMENT TRUST CO | 804,990 | 10.1M $ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 86 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 747,851 | 8.5M $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 87 | Fidelity Emerging Markets Equity Central Fund Fidelity Central Investment Portfolios LLC | 741,300 | 8.4M $ | 0.27 % | as of Mar 31, 2026 · Original filing |
| 88 | APOLO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 722,652 | 44.8M R$ | 25.25 % | as of Apr 30, 2026 · Original filing |
| 89 | Hartford Schroders International Multi-Cap Value Fund HARTFORD MUTUAL FUNDS II, INC | 714,451 | 9M $ | 0.26 % | as of Apr 30, 2026 · Original filing |
| 90 | ECLIPSEON FUNDO DE INVESTIMENTO EM AÇÕES | 708,014 | 43.9M R$ | 4.63 % | as of Apr 30, 2026 · Original filing |
| 91 | AQUARIUS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 691,652 | 42.9M R$ | 27.11 % | as of Apr 30, 2026 · Original filing |
| 92 | IBIUNA LONG SHORT ST MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 684,330 | 42.5M R$ | 2.17 % | as of Apr 30, 2026 · Original filing |
| 93 | ITAÚ FLEXPREV FIF AÇÕES - RESP LIMITADA | 672,434 | 41.7M R$ | 2.42 % | as of Apr 30, 2026 · Original filing |
| 94 | CAIXA VINCI VALOR FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 646,782 | 40.1M R$ | 4.80 % | as of Apr 30, 2026 · Original filing |
| 95 | VANGUARD EMERGING MARKETS SELECT STOCK FUND VANGUARD TRUSTEES' EQUITY FUND | 637,900 | 8M $ | 0.65 % | as of Apr 30, 2026 · Original filing |
| 96 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 626,970 | 38.9M R$ | 4.00 % | as of Apr 30, 2026 · Original filing |
| 97 | ITAÚ IBRX ATIVO MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 623,703 | 38.7M R$ | 4.93 % | as of Apr 30, 2026 · Original filing |
| 98 | CAIXA RV 100 PREVINVEST PREVIDENCIÁRIO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 623,000 | 38.7M R$ | 4.33 % | as of Apr 30, 2026 · Original filing |
| 99 | Handelsbanken Global Index Criteria Handelsbanken Fonder AB | 604,500 | 64.6M SEK | 0.04 % | as of Mar 31, 2026 · Original filing |
| 100 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 602,164 | 7.5M $ | 0.03 % | as of Apr 30, 2026 · Original filing |