| 1 | CHARDONNAY FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 38,723,955 | 1.5B R$ | 8.78 % | as of Apr 30, 2026 · Original filing |
| 2 | iShares MSCI Brazil ETF iShares, Inc. | 15,443,967 | 121.4M $ | 1.26 % | as of Feb 28, 2026 · Original filing |
| 3 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 14,016,405 | 108.6M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 4 | American Funds Fundamental Investors American Funds Fundamental Investors | 13,701,880 | 103.1M $ | 0.07 % | as of Mar 31, 2026 · Original filing |
| 5 | New World Fund Inc New World Fund Inc | 13,502,197 | 104.6M $ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 6 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 13,037,050 | 101M $ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 7 | T. Rowe Price Emerging Markets Discovery Stock Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 10,916,209 | 84.5M $ | 1.38 % | as of Apr 30, 2026 · Original filing |
| 8 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 9,091,150 | 71.5M $ | 0.05 % | as of Feb 28, 2026 · Original filing |
| 9 | Lazard Emerging Markets Equity Portfolio LAZARD FUNDS INC | 7,772,100 | 58.5M $ | 0.74 % | as of Mar 31, 2026 · Original filing |
| 10 | iShares Latin America 40 ETF iShares Trust | 6,614,555 | 49.8M $ | 1.17 % | as of Mar 31, 2026 · Original filing |
| 11 | Swedbank Robur Global Emerging Markets Swedbank Robur Fonder AB | 5,665,500 | 402.8M SEK | 2.24 % | as of Mar 31, 2026 · Original filing |
| 12 | VIDEIRAS FUNDO DE INVESTIMENTO EM AÇÕES | 4,688,280 | 179.9M R$ | 46.98 % | as of Apr 30, 2026 · Original filing |
| 13 | American Funds Developing World Growth & Income Fund American Funds Developing World Growth & Income Fund | 3,936,572 | 30.9M $ | 1.22 % | as of Feb 28, 2026 · Original filing |
| 14 | Driehaus Emerging Markets Growth Fund Driehaus Mutual Funds | 3,834,700 | 28.8M $ | 0.68 % | as of Mar 31, 2026 · Original filing |
| 15 | KAPITALO K10 PREVIDÊNCIA MASTER FIF MULT RESP LIMITADA | 3,649,072 | 140M R$ | 1.67 % | as of Apr 30, 2026 · Original filing |
| 16 | ABS TOTAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,725,746 | 104.6M R$ | 5.06 % | as of Apr 30, 2026 · Original filing |
| 17 | KAPITALO K10 MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,722,444 | 104.5M R$ | 1.35 % | as of Apr 30, 2026 · Original filing |
| 18 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 2,705,692 | 103.8M R$ | 0.30 % | as of Apr 30, 2026 · Original filing |
| 19 | PREVI RENDA VARIÁVEL ATIVA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 2,611,190 | 100.2M R$ | 2.19 % | as of Apr 30, 2026 · Original filing |
| 20 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 2,559,929 | 98.2M R$ | 3.66 % | as of Apr 30, 2026 · Original filing |
| 21 | Nomura Asset Strategy Fund IVY FUNDS | 2,373,919 | 17.8M $ | 1.03 % | as of Mar 31, 2026 · Original filing |
| 22 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,293,810 | 88M R$ | 0.75 % | as of Apr 30, 2026 · Original filing |
| 23 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 2,253,884 | 86.5M R$ | 1.97 % | as of Apr 30, 2026 · Original filing |
| 24 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 2,202,819 | 17.1M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 25 | iShares MSCI Emerging Markets ETF iShares, Inc. | 2,078,880 | 16.3M $ | 0.05 % | as of Feb 28, 2026 · Original filing |
| 26 | WPA I FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 2,031,560 | 78M R$ | 5.12 % | as of Apr 30, 2026 · Original filing |
| 27 | JOHCM Emerging Markets Opportunities Fund Perpetual Americas Funds Trust | 1,991,152 | 15M $ | 1.05 % | as of Mar 31, 2026 · Original filing |
| 28 | AP7 Aktiefond Sjunde AP-fonden | 1,907,650 | 135.6M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 29 | Nomura Global Growth Fund IVY FUNDS | 1,872,570 | 14.1M $ | 1.74 % | as of Mar 31, 2026 · Original filing |
| 30 | T. Rowe Price Latin America Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 1,740,027 | 13.5M $ | 2.57 % | as of Apr 30, 2026 · Original filing |
| 31 | ABSOLUTE VERTEX MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 1,698,820 | 65.2M R$ | 0.71 % | as of Apr 30, 2026 · Original filing |
| 32 | iShares MSCI Emerging Markets ex China ETF iShares, Inc. | 1,626,546 | 12.8M $ | 0.07 % | as of Feb 28, 2026 · Original filing |
| 33 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 1,522,911 | 11.8M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 34 | Calvert Emerging Markets Equity Fund Calvert World Values Fund, Inc. | 1,453,693 | 10.9M $ | 0.78 % | as of Mar 31, 2026 · Original filing |
| 35 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 1,347,672 | 10.1M $ | 0.06 % | as of Mar 31, 2026 · Original filing |
| 36 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 1,170,076 | 9.2M $ | 0.07 % | as of Feb 28, 2026 · Original filing |
| 37 | SPX RAPTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO RESP LIMITADA | 1,140,439 | 43.8M R$ | 0.74 % | as of Apr 30, 2026 · Original filing |
| 38 | Handelsbanken Tillväxtmarknad Tema Handelsbanken Fonder AB | 1,135,110 | 80.7M SEK | 0.39 % | as of Mar 31, 2026 · Original filing |
| 39 | FlexShares STOXX Global Broad Infrastructure Index Fund FlexShares Trust | 1,113,600 | 8.6M $ | 0.28 % | as of Apr 30, 2026 · Original filing |
| 40 | SPX SUMMIT MACRO LONG SHORT MASTER FIF MULTIMERCADO CRED PRIV RESPONSABILIDADE LIMITADA | 1,092,385 | 41.9M R$ | 2.76 % | as of Apr 30, 2026 · Original filing |
| 41 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND VANGUARD WHITEHALL FUNDS | 1,005,200 | 7.8M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 42 | MFS Blended Research International Equity Fund MFS SERIES TRUST IV | 993,222 | 7.8M $ | 0.22 % | as of Feb 28, 2026 · Original filing |
| 43 | iShares Core MSCI Total International Stock ETF iShares Trust | 985,733 | 7.6M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 44 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 960,320 | 7.4M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 45 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 949,500 | 7.1M $ | 1.43 % | as of Mar 31, 2026 · Original filing |
| 46 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 928,044 | 35.6M R$ | 1.03 % | as of Apr 30, 2026 · Original filing |
| 47 | JNL Multi-Manager Emerging Markets Equity Fund JNL Series Trust | 890,700 | 6.7M $ | 0.48 % | as of Mar 31, 2026 · Original filing |
| 48 | BlackRock Emerging Markets Fund, Inc. BlackRock Emerging Markets Fund, Inc. | 850,436 | 6.6M $ | 0.31 % | as of Apr 30, 2026 · Original filing |
| 49 | DWS Latin America Equity Fund DEUTSCHE DWS INTERNATIONAL FUND, INC. | 849,129 | 6.6M $ | 1.61 % | as of Apr 30, 2026 · Original filing |
| 50 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 826,076 | 31.7M R$ | 0.24 % | as of Apr 30, 2026 · Original filing |
| 51 | BTG PACTUAL SYNERGY LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 812,872 | 31.2M R$ | 4.71 % | as of Apr 30, 2026 · Original filing |
| 52 | Nomura VIP Asset Strategy Series Ivy Variable Insurance Portfolios | 741,681 | 5.6M $ | 1.00 % | as of Mar 31, 2026 · Original filing |
| 53 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 738,939 | 5.7M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 54 | CAPITANIA CASH & CARRY FUNDO DE INVESTIMENTO FINANCEIRO RENDA FIXA LP - RESPONSABILIDADE LTDA | 729,347 | 676.4K R$ | 0.80 % | as of Apr 30, 2026 · Original filing |
| 55 | Ashmore Emerging Markets Equity Fund Ashmore Funds | 722,713 | 5.6M $ | 1.82 % | as of Apr 30, 2026 · Original filing |
| 56 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 712,876 | 5.4M $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 57 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 632,188 | 4.9M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 58 | Emerging Markets Equities Fund Inc Emerging Markets Equities Fund Inc | 629,775 | 4.7M $ | 1.05 % | as of Mar 31, 2026 · Original filing |
| 59 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 613,388 | 4.8M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 60 | EQUITAS MASTER SELECTION FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES - RESPONSABILIDADE LIMITADA | 611,811 | 23.5M R$ | 8.20 % | as of Apr 30, 2026 · Original filing |
| 61 | Handelsbanken Latinamerika Impact Tema Handelsbanken Fonder AB | 606,000 | 43.1M SEK | 1.65 % | as of Mar 31, 2026 · Original filing |
| 62 | EQ/Lazard Emerging Markets Equity Portfolio EQ Advisors Trust | 602,300 | 4.5M $ | 0.75 % | as of Mar 31, 2026 · Original filing |
| 63 | Emerging Markets Fund VanEck Funds | 588,000 | 4.4M $ | 1.40 % | as of Mar 31, 2026 · Original filing |
| 64 | KAPITALO K10 PREV II MASTER FIF - CI MULTIMERCADO - RESP LIMITADA | 583,098 | 22.4M R$ | 1.66 % | as of Apr 30, 2026 · Original filing |
| 65 | XP BALANCEADO FUNDO MÚTUO DE PRIVATIVAÇÃO - FGTS CARTEIRA LIVRE RESPONSABILIDADE LIMITADA | 566,100 | 21.7M R$ | 2.50 % | as of Apr 30, 2026 · Original filing |
| 66 | ABSOLUTE PACE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 566,038 | 21.7M R$ | 7.22 % | as of Apr 30, 2026 · Original filing |
| 67 | ELO FUNDO DE INVESTIMENTO FINANCEIRO AÇÕES | 562,000 | 21.6M R$ | 8.63 % | as of Apr 30, 2026 · Original filing |
| 68 | PIEMONTE 2 FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 546,134 | 21M R$ | 76.28 % | as of Apr 30, 2026 · Original filing |
| 69 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 516,805 | 19.8M R$ | 1.58 % | as of Apr 30, 2026 · Original filing |
| 70 | CAIXA VINCI VALOR FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 515,596 | 19.8M R$ | 2.37 % | as of Apr 30, 2026 · Original filing |
| 71 | BTG PACTUAL SYNERGY EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 510,202 | 19.6M R$ | 1.88 % | as of Apr 30, 2026 · Original filing |
| 72 | CAIXA VINCI VALOR DIVIDENDOS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 506,286 | 19.4M R$ | 1.38 % | as of Apr 30, 2026 · Original filing |
| 73 | iShares Global Healthcare ETF iShares Trust | 487,932 | 3.7M $ | 0.10 % | as of Mar 31, 2026 · Original filing |
| 74 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 487,764 | 18.7M R$ | 1.25 % | as of Apr 30, 2026 · Original filing |
| 75 | SPX NIMITZ MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 481,690 | 18.5M R$ | 0.37 % | as of Apr 30, 2026 · Original filing |
| 76 | LOGOS TOTAL RETURN MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 476,400 | 18.3M R$ | 14.73 % | as of Apr 30, 2026 · Original filing |
| 77 | FIF - CLASSE DE INVESTIMENTO EM AÇÕES VIVEST IBOVESPA ATIVO RESP LIMITADA | 468,400 | 18M R$ | 1.82 % | as of Apr 30, 2026 · Original filing |
| 78 | KAPITALO ZETA MERIDIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 456,500 | 17.5M R$ | 0.38 % | as of Apr 30, 2026 · Original filing |
| 79 | Lazard Retirement Emerging Markets Equity Portfolio LAZARD RETIREMENT SERIES INC | 444,600 | 3.3M $ | 0.76 % | as of Mar 31, 2026 · Original filing |
| 80 | ITAÚ IBRX ATIVO MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 435,825 | 16.7M R$ | 2.13 % | as of Apr 30, 2026 · Original filing |
| 81 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 429,598 | 3.3M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 82 | Disciplined Value Emerging Markets Equity Fund John Hancock Funds II | 415,000 | 3.3M $ | 2.13 % | as of Feb 28, 2026 · Original filing |
| 83 | ITAÚ HUNTER TOTAL RETURN MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 414,288 | 15.9M R$ | 1.53 % | as of Apr 30, 2026 · Original filing |
| 84 | New World Fund AMERICAN FUNDS INSURANCE SERIES | 412,647 | 3.1M $ | 0.08 % | as of Mar 31, 2026 · Original filing |
| 85 | Fidelity Global ex U.S. Index Fund Fidelity Salem Street Trust | 403,192 | 3.1M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 86 | ITAÚ FLEXPREV FIF AÇÕES - RESP LIMITADA | 393,748 | 15.1M R$ | 0.88 % | as of Apr 30, 2026 · Original filing |
| 87 | ITAÚ MASTER GLOBAL DINÂMICO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 376,851 | 14.5M R$ | 0.33 % | as of Apr 30, 2026 · Original filing |
| 88 | ABS BOLD MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 375,869 | 14.4M R$ | 1.06 % | as of Apr 30, 2026 · Original filing |
| 89 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 367,130 | 14.1M R$ | 1.45 % | as of Apr 30, 2026 · Original filing |
| 90 | CAIXA RV 100 PREVINVEST PREVIDENCIÁRIO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 363,568 | 14M R$ | 1.56 % | as of Apr 30, 2026 · Original filing |
| 91 | PATRIA LONG BIASED MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 361,100 | 13.9M R$ | 4.79 % | as of Apr 30, 2026 · Original filing |
| 92 | XP INVESTOR LONG BIASED FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 350,800 | 13.5M R$ | 5.13 % | as of Apr 30, 2026 · Original filing |
| 93 | Nomura VIP Global Growth Series Ivy Variable Insurance Portfolios | 347,300 | 2.6M $ | 1.73 % | as of Mar 31, 2026 · Original filing |
| 94 | Fidelity SAI Emerging Markets Index Fund Fidelity Salem Street Trust | 344,917 | 2.7M $ | 0.05 % | as of Apr 30, 2026 · Original filing |
| 95 | MULTIPREV FIF EM AÇÕES RESPONSABILIDADE LIMITADA | 342,824 | 13.2M R$ | 2.48 % | as of Apr 30, 2026 · Original filing |
| 96 | FRANKLIN MULTIPREV IBOVESPA ATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 340,400 | 13.1M R$ | 2.11 % | as of Apr 30, 2026 · Original filing |
| 97 | SSGA Emerging Markets Enhanced Index Portfolio Brighthouse Funds Trust I | 332,700 | 2.5M $ | 0.23 % | as of Mar 31, 2026 · Original filing |
| 98 | BB AÇÕES GOVERNANÇA IS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 331,083 | 12.7M R$ | 1.47 % | as of Apr 30, 2026 · Original filing |
| 99 | ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 323,900 | 12.4M R$ | 0.90 % | as of Apr 30, 2026 · Original filing |
| 100 | Avantis Emerging Markets Equity ETF American Century ETF Trust | 319,743 | 2.5M $ | 0.01 % | as of Feb 28, 2026 · Original filing |