| 1 | Fidelity Series Emerging Markets Opportunities Fund Fidelity Investment Trust | 6,880,304 | 30M $ | 0.10 % | as of Apr 30, 2026 · Original filing |
| 2 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 1,877,268 | 8.2M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 3 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,777,322 | 7.8M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 4 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 1,711,147 | 8.7M $ | 0.01 % | as of Feb 28, 2026 · Original filing |
| 5 | iShares Emerging Markets Dividend ETF iShares, Inc. | 1,467,319 | 6.4M $ | 0.49 % | as of Apr 30, 2026 · Original filing |
| 6 | REAL INVESTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,168,200 | 25.3M R$ | 1.90 % | as of Apr 30, 2026 · Original filing |
| 7 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 947,643 | 20.5M R$ | 0.76 % | as of Apr 30, 2026 · Original filing |
| 8 | Fidelity Emerging Markets Equity Central Fund Fidelity Central Investment Portfolios LLC | 834,202 | 4.1M $ | 0.13 % | as of Mar 31, 2026 · Original filing |
| 9 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 804,653 | 11.7M R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 10 | SHARP TE1 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 791,774 | 758.9K R$ | 0.46 % | as of Apr 30, 2026 · Original filing |
| 11 | iShares MSCI Brazil Small-Cap ETF iShares Trust | 739,118 | 3.8M $ | 1.04 % | as of Feb 28, 2026 · Original filing |
| 12 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 668,168 | 14.3M R$ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 13 | IBIUNA LONG SHORT ST MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 667,984 | 14.4M R$ | 0.74 % | as of Apr 30, 2026 · Original filing |
| 14 | Templeton Emerging Markets Small Cap Fund Templeton Global Investment Trust | 478,522 | 2.4M $ | 0.74 % | as of Feb 28, 2026 · Original filing |
| 15 | VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 451,100 | 2M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 16 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 424,875 | 9.2M R$ | 0.08 % | as of Apr 30, 2026 · Original filing |
| 17 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 402,167 | 8.7M R$ | 0.20 % | as of Apr 30, 2026 · Original filing |
| 18 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 356,009 | 7.7M R$ | 0.22 % | as of Apr 30, 2026 · Original filing |
| 19 | REAL INVESTOR 70 PREVIDENCIA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 319,100 | 6.9M R$ | 1.79 % | as of Apr 30, 2026 · Original filing |
| 20 | Avantis Emerging Markets Equity ETF American Century ETF Trust | 297,422 | 1.5M $ | 0.01 % | as of Feb 28, 2026 · Original filing |
| 21 | First Trust Emerging Markets Small Cap AlphaDEX Fund First Trust Exchange-Traded AlphaDEX Fund II | 280,906 | 1.4M $ | 0.55 % | as of Mar 31, 2026 · Original filing |
| 22 | KINEA PREV APOLO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 261,593 | 5.7M R$ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 23 | KAPITALO ZETA MERIDIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 253,528 | 5.5M R$ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 24 | iShares Core MSCI Total International Stock ETF iShares Trust | 251,338 | 1.1M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 25 | NORTE LONG BIAS MASTER CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 190,600 | 4.1M R$ | 2.02 % | as of Apr 30, 2026 · Original filing |
| 26 | RUBI FUNDO DE INVESTIMENTO EM AÇÕES RESPONSABILIDADE LIMITADA | 190,000 | 4.7M R$ | 5.12 % | as of Apr 30, 2026 · Original filing |
| 27 | BRASILPREV KINEA SIGMA PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 188,838 | 4.1M R$ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 28 | ITAÚ AÇÕES DIVIDENDOS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 185,400 | 4M R$ | 1.65 % | as of Apr 30, 2026 · Original filing |
| 29 | SPX LONG BIAS PREVIDENCIÁRIO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULT RESP LIMITADA | 178,388 | 3.9M R$ | 0.85 % | as of Apr 30, 2026 · Original filing |
| 30 | PATRIA LONG BIASED MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 177,500 | 3.8M R$ | 1.33 % | as of Apr 30, 2026 · Original filing |
| 31 | BANRISUL FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 173,500 | 3.8M R$ | 5.60 % | as of Apr 30, 2026 · Original filing |
| 32 | FINISTERRAE FIF DE AÇÕES INVESTIMENTO NO EXTERIOR - RESP LIMITADA | 169,713 | 3.7M R$ | 5.39 % | as of Apr 30, 2026 · Original filing |
| 33 | MOAT CAPITAL EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 162,354 | 3.5M R$ | 2.33 % | as of Apr 30, 2026 · Original filing |
| 34 | Disciplined Value Emerging Markets Equity Trust John Hancock Variable Insurance Trust | 160,500 | 796.3K $ | 0.28 % | as of Mar 31, 2026 · Original filing |
| 35 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 160,338 | 695.8K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 36 | ITAÚ ARTAX ENDURANCE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 158,700 | 3.4M R$ | 0.28 % | as of Apr 30, 2026 · Original filing |
| 37 | KINEA URANO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESP LIMITADA | 149,677 | 3.2M R$ | 0.52 % | as of Apr 30, 2026 · Original filing |
| 38 | ITAÚ ARTAX ULTRA MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 140,200 | 3M R$ | 0.30 % | as of Apr 30, 2026 · Original filing |
| 39 | IMPACTO VALUATION CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 140,000 | 3M R$ | 2.57 % | as of Apr 30, 2026 · Original filing |
| 40 | NORTE LONG BIAS MASTER CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 134,600 | 2.9M R$ | 2.03 % | as of Apr 30, 2026 · Original filing |
| 41 | IRIDIUM RHINO MASTER FIF - CLASSE DE INVESTIMENTO EM AÇÕES - RESPONSABILIDADE LIMITADA | 133,500 | 2.9M R$ | 4.01 % | as of Apr 30, 2026 · Original filing |
| 42 | KINEA CHRONOS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 120,348 | 2.6M R$ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 43 | VALOR CONSULTORIA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 120,000 | 2.6M R$ | 9.63 % | as of Apr 30, 2026 · Original filing |
| 44 | BARRACUDA FUNDO DE INVESTIMENTO MULTIMERCADO | 118,800 | 2.6M R$ | 9.96 % | as of Apr 30, 2026 · Original filing |
| 45 | SPX LONG BIAS PREVIDENCIÁRIO MASTER 2 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LIMITADA | 118,222 | 2.6M R$ | 0.83 % | as of Apr 30, 2026 · Original filing |
| 46 | ONYX LATAM EQUITY FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 117,090 | 2.5M R$ | 2.06 % | as of Apr 30, 2026 · Original filing |
| 47 | CONSILIUM FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 113,274 | 2.4M R$ | 2.28 % | as of Apr 30, 2026 · Original filing |
| 48 | DRAGON IV FUNDO DE INVESTIMENTO FINANCEIRO - CLASSE DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO | 109,500 | 2.4M R$ | 0.68 % | as of Apr 30, 2026 · Original filing |
| 49 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 103,457 | 513.3K $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 50 | KINEA ATLAS II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 101,955 | 2.2M R$ | 0.22 % | as of Apr 30, 2026 · Original filing |
| 51 | RAGAMAIS PREV ICATU QUALIFICADO FI FINANCEIRO - CI MULT - RESP LIMITADA | 99,897 | 2.2M R$ | 2.61 % | as of Apr 30, 2026 · Original filing |
| 52 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 95,667 | 2.1M R$ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 53 | VEDELAGO FUNDO DE INVESTIMENTO EM AÇÕES | 95,000 | 2.1M R$ | 9.42 % | as of Apr 30, 2026 · Original filing |
| 54 | BRAM EQUITY HEDGE FI FINANCEIRO - CI MULT - RESP LIMITADA | 93,200 | 2M R$ | 0.98 % | as of Apr 30, 2026 · Original filing |
| 55 | TRUXT LONG BIAS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 91,789 | 2M R$ | 0.78 % | as of Apr 30, 2026 · Original filing |
| 56 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 90,617 | 395.6K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 57 | ABS Insights Emerging Markets Fund NORTHERN LIGHTS FUND TRUST III | 90,500 | 444.3K $ | 0.31 % | as of Mar 31, 2026 · Original filing |
| 58 | WisdomTree Emerging Markets SmallCap Dividend Fund WisdomTree Trust | 89,650 | 441.2K $ | 0.03 % | as of Mar 31, 2026 · Original filing |
| 59 | REAL INVESTOR XP SEG PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 87,500 | 1.9M R$ | 1.89 % | as of Apr 30, 2026 · Original filing |
| 60 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 87,415 | 381.7K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 61 | DIMENSIONAL EMERGING MARKETS VALUE FUND DIMENSIONAL EMERGING MARKETS VALUE FUND | 87,296 | 381.1K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 62 | SPX FALCON INSTITUCIONAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LIMITADA | 86,365 | 1.9M R$ | 0.84 % | as of Apr 30, 2026 · Original filing |
| 63 | ITAÚ SMALL CAP MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 86,223 | 1.9M R$ | 0.61 % | as of Apr 30, 2026 · Original filing |
| 64 | ATLANTIS WP FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 81,600 | 1.8M R$ | 3.18 % | as of Apr 30, 2026 · Original filing |
| 65 | VanEck Brazil Small-Cap ETF VanEck ETF Trust | 78,475 | 389.4K $ | 1.59 % | as of Mar 31, 2026 · Original filing |
| 66 | DESBRAVA PERFORMANCE FUNDO DE INVESTIMENTO FINANCEIRO | 78,000 | 1.7M R$ | 8.08 % | as of Apr 30, 2026 · Original filing |
| 67 | REAL INVESTOR ICATU PREV MASTER FI FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 77,500 | 1.7M R$ | 1.90 % | as of Apr 30, 2026 · Original filing |
| 68 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 76,798 | 335.3K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 69 | Dimensional World ex. U.S. Core Equity 2 ETF Dimensional ETF Trust | 76,408 | 331.6K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 70 | State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF SPDR INDEX SHARES FUNDS | 73,688 | 362.7K $ | 0.05 % | as of Mar 31, 2026 · Original filing |
| 71 | MAPFRE MASTER GOVERNANCE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LTDA | 73,500 | 1.6M R$ | 1.79 % | as of Apr 30, 2026 · Original filing |
| 72 | CAIXA SMALL CAPS ATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 71,866 | 1.6M R$ | 0.33 % | as of Apr 30, 2026 · Original filing |
| 73 | BOA VISTA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 70,000 | 1.5M R$ | 0.49 % | as of Apr 30, 2026 · Original filing |
| 74 | COX BANDEIRA CLASSE DE INVESTIMENTOS MULTIMERCADO - RESP LIMITADA | 69,800 | 1.5M R$ | 7.18 % | as of Apr 30, 2026 · Original filing |
| 75 | FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES MISTRAL | 69,603 | 1.5M R$ | 0.52 % | as of Apr 30, 2026 · Original filing |
| 76 | JTP FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 69,200 | 1.5M R$ | 0.86 % | as of Apr 30, 2026 · Original filing |
| 77 | MAPFRE MASTER MULTIMERCADO PREV FUNDO DE INVESTIMENTO FINANCEIRO RESP LTDA | 68,800 | 1.5M R$ | 0.60 % | as of Apr 30, 2026 · Original filing |
| 78 | ITAÚ MASTER GLOBAL DINÂMICO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 67,613 | 1.5M R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 79 | TRUXT LONG SHORT MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 66,328 | 1.4M R$ | 0.27 % | as of Apr 30, 2026 · Original filing |
| 80 | QUANTITAS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 65,542 | 1.4M R$ | 0.17 % | as of Apr 30, 2026 · Original filing |
| 81 | MANTIQUEIRA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO RESP LIMITADA | 65,400 | 1.4M R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 82 | ITAÚ FLEXPREV ARTAX FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 64,300 | 1.4M R$ | 0.15 % | as of Apr 30, 2026 · Original filing |
| 83 | IBIUNA LONG BIASED MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 64,089 | 1.4M R$ | 0.55 % | as of Apr 30, 2026 · Original filing |
| 84 | Dimensional Emerging Markets Value ETF Dimensional ETF Trust | 62,731 | 272.2K $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 85 | SOPHOS FUNDO DE INVESTIMENTO EM AÇÕES | 62,400 | 1.3M R$ | 0.08 % | as of Apr 30, 2026 · Original filing |
| 86 | SOLANA EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 61,520 | 1.3M R$ | 1.99 % | as of Apr 30, 2026 · Original filing |
| 87 | ITAÚ ARTAX MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 60,700 | 1.3M R$ | 0.15 % | as of Apr 30, 2026 · Original filing |
| 88 | PARCITAS HEDGE MASTER FIF MULTIMERCADO - RESPONSABILIDADE LIMITADA | 57,000 | 1.2M R$ | 0.15 % | as of Apr 30, 2026 · Original filing |
| 89 | OBY LONG SHORT FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 56,500 | 1.2M R$ | 2.87 % | as of Apr 30, 2026 · Original filing |
| 90 | PRIVATE STOCKS FUNDO DE INVESTIMENTO DE AÇÕES RESPONSABILIDADE LIMITADA | 52,000 | 1.1M R$ | 4.67 % | as of Apr 30, 2026 · Original filing |
| 91 | SANTANDER PREV PB RRG MULTIMERCADO CRÉDITO PRIVADO - FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 51,900 | 1.1M R$ | 2.18 % | as of Apr 30, 2026 · Original filing |
| 92 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 51,871 | 1.1M R$ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 93 | KINEA APOLO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 51,177 | 1.1M R$ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 94 | MINERVA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 50,000 | 1.1M R$ | 0.43 % | as of Apr 30, 2026 · Original filing |
| 95 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 48,262 | 1M R$ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 96 | FlexShares Morningstar Emerging Markets Factor Tilt Index Fund FlexShares Trust | 47,042 | 204.1K $ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 97 | ENCORE LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 46,800 | 1M R$ | 0.47 % | as of Apr 30, 2026 · Original filing |
| 98 | ITAÚ FLEXPREV MASTER GD MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 46,200 | 998.8K R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 99 | SHARP LONG SHORT 3 MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 45,246 | 978.2K R$ | 0.28 % | as of Apr 30, 2026 · Original filing |
| 100 | KINEA PREV ATLAS FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 44,663 | 965.6K R$ | 0.11 % | as of Apr 30, 2026 · Original filing |