| 1 | INFINITI JL FIF EM AÇÕES - RESP LIMITADA | 145,263,655 | 4.8B R$ | 92.96 % | as of Apr 30, 2026 · Original filing |
| 2 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 26,918,689 | 123.5M R$ | 0.35 % | as of Apr 30, 2026 · Original filing |
| 3 | New World Fund Inc New World Fund Inc | 22,415,399 | 150.7M $ | 0.18 % | as of Apr 30, 2026 · Original filing |
| 4 | Lazard Emerging Markets Equity Portfolio LAZARD FUNDS INC | 22,367,184 | 136.5M $ | 1.73 % | as of Mar 31, 2026 · Original filing |
| 5 | iShares MSCI Brazil ETF iShares, Inc. | 21,524,855 | 125.6M $ | 1.30 % | as of Feb 28, 2026 · Original filing |
| 6 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 16,532,670 | 111.2M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 7 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 15,735,029 | 105.8M $ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 8 | Fidelity Series Emerging Markets Opportunities Fund Fidelity Investment Trust | 14,292,468 | 96.1M $ | 0.31 % | as of Apr 30, 2026 · Original filing |
| 9 | SMALLCAP World Fund Inc SMALLCAP World Fund Inc | 13,716,707 | 83.7M $ | 0.10 % | as of Mar 31, 2026 · Original filing |
| 10 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 12,048,899 | 70.3M $ | 0.05 % | as of Feb 28, 2026 · Original filing |
| 11 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 9,435,237 | 314.2M R$ | 2.66 % | as of Apr 30, 2026 · Original filing |
| 12 | Schwab Fundamental Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 8,660,854 | 50.5M $ | 0.54 % | as of Feb 28, 2026 · Original filing |
| 13 | SHARP TE3 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 8,508,376 | 8.2M R$ | 4.86 % | as of Apr 30, 2026 · Original filing |
| 14 | SHARP TE1 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 8,508,376 | 8.2M R$ | 4.92 % | as of Apr 30, 2026 · Original filing |
| 15 | Strategic Advisers Fidelity Emerging Markets Fund Fidelity Rutland Square Trust II | 7,191,385 | 42M $ | 0.12 % | as of Feb 28, 2026 · Original filing |
| 16 | Fidelity Series Emerging Markets Fund Fidelity Investment Trust | 6,142,626 | 41.3M $ | 0.53 % | as of Apr 30, 2026 · Original filing |
| 17 | PIMCO RAE Emerging Markets Fund PIMCO Equity Series | 5,751,481 | 35.1M $ | 1.26 % | as of Mar 31, 2026 · Original filing |
| 18 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 4,911,905 | 33M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 19 | iShares ESG Aware MSCI EM ETF iShares, Inc. | 4,077,325 | 23.8M $ | 0.36 % | as of Feb 28, 2026 · Original filing |
| 20 | KAPITALO ZETA MERIDIA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 3,564,665 | 118.7M R$ | 2.57 % | as of Apr 30, 2026 · Original filing |
| 21 | KAPITALO MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 3,261,688 | 108.6M R$ | 3.15 % | as of Apr 30, 2026 · Original filing |
| 22 | Avantis Emerging Markets Equity ETF American Century ETF Trust | 3,255,672 | 18.9M $ | 0.09 % | as of Feb 28, 2026 · Original filing |
| 23 | Strategic Advisers Emerging Markets Fund Fidelity Rutland Square Trust II | 2,782,811 | 16.2M $ | 0.11 % | as of Feb 28, 2026 · Original filing |
| 24 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 2,780,510 | 92.6M R$ | 3.45 % | as of Apr 30, 2026 · Original filing |
| 25 | iShares MSCI Emerging Markets ETF iShares, Inc. | 2,766,242 | 16.1M $ | 0.05 % | as of Feb 28, 2026 · Original filing |
| 26 | PREVI RENDA VARIÁVEL ATIVA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 2,701,236 | 90M R$ | 1.96 % | as of Apr 30, 2026 · Original filing |
| 27 | Fidelity Emerging Markets Discovery Fund Fidelity Investment Trust | 2,664,848 | 17.9M $ | 1.21 % | as of Apr 30, 2026 · Original filing |
| 28 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 2,637,797 | 17.7M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 29 | AP7 Aktiefond Sjunde AP-fonden | 2,501,764 | 144.3M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 30 | CAUSEWAY EMERGING MARKETS FUND CAUSEWAY CAPITAL MANAGEMENT TRUST | 2,363,800 | 14.4M $ | 0.44 % | as of Mar 31, 2026 · Original filing |
| 31 | DIMENSIONAL EMERGING MARKETS VALUE FUND DIMENSIONAL EMERGING MARKETS VALUE FUND | 2,258,839 | 15.2M $ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 32 | iShares MSCI Emerging Markets ex China ETF iShares, Inc. | 2,223,066 | 13M $ | 0.07 % | as of Feb 28, 2026 · Original filing |
| 33 | WisdomTree Emerging Markets High Dividend Fund WisdomTree Trust | 2,054,013 | 12.4M $ | 0.36 % | as of Mar 31, 2026 · Original filing |
| 34 | Fidelity Series Global ex U.S. Index Fund Fidelity Salem Street Trust | 2,033,472 | 13.7M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 35 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 1,946,652 | 64.4M R$ | 0.50 % | as of Apr 30, 2026 · Original filing |
| 36 | New World Fund AMERICAN FUNDS INSURANCE SERIES | 1,759,388 | 10.7M $ | 0.27 % | as of Mar 31, 2026 · Original filing |
| 37 | Victory Market Neutral Income Fund Victory Portfolios II | 1,750,606 | 10.7M $ | 0.37 % | as of Mar 31, 2026 · Original filing |
| 38 | EQ/Lazard Emerging Markets Equity Portfolio EQ Advisors Trust | 1,733,222 | 10.5M $ | 1.76 % | as of Mar 31, 2026 · Original filing |
| 39 | Fidelity Emerging Markets Equity Central Fund Fidelity Central Investment Portfolios LLC | 1,728,736 | 10.6M $ | 0.34 % | as of Mar 31, 2026 · Original filing |
| 40 | iShares Core MSCI Total International Stock ETF iShares Trust | 1,466,333 | 9.9M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 41 | Schwab Fundamental Emerging Markets Equity Index Fund SCHWAB CAPITAL TRUST | 1,460,284 | 9.8M $ | 0.57 % | as of Apr 30, 2026 · Original filing |
| 42 | Invesco RAFI Emerging Markets ETF Invesco Exchange-Traded Fund Trust II | 1,428,003 | 9.5M $ | 0.49 % | as of Apr 30, 2026 · Original filing |
| 43 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 1,420,399 | 8.6M $ | 0.05 % | as of Mar 31, 2026 · Original filing |
| 44 | First Trust Emerging Markets AlphaDEX Fund First Trust Exchange-Traded AlphaDEX Fund II | 1,414,936 | 8.6M $ | 1.40 % | as of Mar 31, 2026 · Original filing |
| 45 | Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust | 1,368,096 | 9.1M $ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 46 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 1,318,175 | 7.7M $ | 0.06 % | as of Feb 28, 2026 · Original filing |
| 47 | Fidelity Emerging Markets Index Fund Fidelity Salem Street Trust | 1,292,778 | 8.7M $ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 48 | American Funds Developing World Growth & Income Fund American Funds Developing World Growth & Income Fund | 1,287,763 | 7.5M $ | 0.30 % | as of Feb 28, 2026 · Original filing |
| 49 | Lazard Retirement Emerging Markets Equity Portfolio LAZARD RETIREMENT SERIES INC | 1,279,448 | 7.8M $ | 1.77 % | as of Mar 31, 2026 · Original filing |
| 50 | ALDEN FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 1,208,953 | 40.3M R$ | 1.89 % | as of Apr 30, 2026 · Original filing |
| 51 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND VANGUARD WHITEHALL FUNDS | 1,193,237 | 8M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 52 | WPA I FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 1,193,208 | 39.7M R$ | 2.61 % | as of Apr 30, 2026 · Original filing |
| 53 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 1,139,400 | 6.9M $ | 1.39 % | as of Mar 31, 2026 · Original filing |
| 54 | GENOA CAPITAL COAST FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 1,118,942 | 37.3M R$ | 1.85 % | as of Apr 30, 2026 · Original filing |
| 55 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 1,104,715 | 7.4M $ | 0.08 % | as of Apr 30, 2026 · Original filing |
| 56 | ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESP LIMITADA | 1,002,937 | 33.4M R$ | 2.43 % | as of Apr 30, 2026 · Original filing |
| 57 | DWS Latin America Equity Fund DEUTSCHE DWS INTERNATIONAL FUND, INC. | 947,225 | 6.4M $ | 1.56 % | as of Apr 30, 2026 · Original filing |
| 58 | THE EMERGING MARKETS SERIES DFA INVESTMENT TRUST CO | 931,523 | 6.3M $ | 0.08 % | as of Apr 30, 2026 · Original filing |
| 59 | DAHLIA TOTAL RETURN MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 928,600 | 30.9M R$ | 2.26 % | as of Apr 30, 2026 · Original filing |
| 60 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 902,380 | 6.1M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 61 | Capital Group New Geography Equity ETF Capital Group New Geography Equity ETF | 861,811 | 5M $ | 0.28 % | as of Feb 28, 2026 · Original filing |
| 62 | CAIXA MASTER AÇÕES LIVRE QUANTITATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 840,262 | 28M R$ | 3.06 % | as of Apr 30, 2026 · Original filing |
| 63 | Nuveen Emerging Markets Equity Index Fund TIAA-CREF Funds | 827,190 | 5.6M $ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 64 | CAIXA VINCI VALOR FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 768,674 | 25.6M R$ | 3.06 % | as of Apr 30, 2026 · Original filing |
| 65 | Dimensional World ex. U.S. Core Equity 2 ETF Dimensional ETF Trust | 765,292 | 5.1M $ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 66 | BTG PACTUAL SYNERGY LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 727,984 | 24.2M R$ | 3.66 % | as of Apr 30, 2026 · Original filing |
| 67 | FACT TOTAL RETURN MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 700,000 | 23.3M R$ | 4.99 % | as of Apr 30, 2026 · Original filing |
| 68 | JPMorgan Emerging Markets Research Enhanced Equity Fund JPMorgan Trust IV | 660,551 | 4.5M $ | 0.20 % | as of Apr 30, 2026 · Original filing |
| 69 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 658,015 | 4M $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 70 | SIT Emerging Markets Equity Fund SEI INSTITUTIONAL INTERNATIONAL TRUST | 649,921 | 3.9M $ | 0.25 % | as of Mar 31, 2026 · Original filing |
| 71 | GENOA CAPITAL VESTAS MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 635,001 | 21.1M R$ | 0.41 % | as of Apr 30, 2026 · Original filing |
| 72 | MAG CASH FUNDO DE INVESTIMENTO FINANCEIRO RENDA FIXA | 625,000 | 20.8M R$ | 1.00 % | as of Apr 30, 2026 · Original filing |
| 73 | Avantis Emerging Markets Value ETF American Century ETF Trust | 607,768 | 3.5M $ | 0.25 % | as of Feb 28, 2026 · Original filing |
| 74 | SPX RAPTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO RESP LIMITADA | 603,064 | 20.1M R$ | 0.34 % | as of Apr 30, 2026 · Original filing |
| 75 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 591,241 | 4M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 76 | MAG CASH 10 FUNDO DE INVESTIMENTO RENDA FIXA | 575,000 | 19.1M R$ | 1.00 % | as of Apr 30, 2026 · Original filing |
| 77 | ITAÚ ÍNDEX AÇÕES IBOVESPA FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 564,426 | 18.8M R$ | 1.50 % | as of Apr 30, 2026 · Original filing |
| 78 | SPX SUMMIT MACRO LONG SHORT MASTER FIF MULTIMERCADO CRED PRIV RESPONSABILIDADE LIMITADA | 557,245 | 18.6M R$ | 1.22 % | as of Apr 30, 2026 · Original filing |
| 79 | Emerging Markets Sustainability Core 1 Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 554,652 | 3.7M $ | 0.29 % | as of Apr 30, 2026 · Original filing |
| 80 | Fidelity Global ex U.S. Index Fund Fidelity Salem Street Trust | 545,789 | 3.7M $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 81 | BRASILPREV TOP A FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES RESPONSABILIDADE LIMITADA | 532,075 | 17.7M R$ | 1.19 % | as of Apr 30, 2026 · Original filing |
| 82 | SAFRA PREV KEPLER ADVANCED FIF PREVIDENCIÁRIO CLASSE DE INV MULTIMERCADO PREV RESP LIMITADA | 509,857 | 17M R$ | 3.44 % | as of Apr 30, 2026 · Original filing |
| 83 | ENCORE LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 509,300 | 17M R$ | 7.85 % | as of Apr 30, 2026 · Original filing |
| 84 | FIF - CLASSE DE INVESTIMENTO EM AÇÕES VIVEST IBOVESPA ATIVO RESP LIMITADA | 505,030 | 16.8M R$ | 1.71 % | as of Apr 30, 2026 · Original filing |
| 85 | ELO FUNDO DE INVESTIMENTO FINANCEIRO AÇÕES | 501,325 | 16.7M R$ | 6.68 % | as of Apr 30, 2026 · Original filing |
| 86 | BTG PACTUAL SYNERGY EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 491,027 | 16.4M R$ | 1.57 % | as of Apr 30, 2026 · Original filing |
| 87 | Victory Emerging Markets Fund Victory Portfolios III | 488,958 | 2.9M $ | 0.38 % | as of Feb 28, 2026 · Original filing |
| 88 | SANTA CRISTINA FI FINANCEIRO EM AÇÕES INVESTIMENTO NO EXTERIOR - RESPONSABILIDADE LIMITADA | 487,633 | 16.2M R$ | 4.48 % | as of Apr 30, 2026 · Original filing |
| 89 | ITAÚ IBRX ATIVO MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 482,950 | 16.1M R$ | 2.05 % | as of Apr 30, 2026 · Original filing |
| 90 | Fidelity SAI Emerging Markets Index Fund Fidelity Salem Street Trust | 464,820 | 3.1M $ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 91 | Fidelity Emerging Markets Multifactor ETF Fidelity Covington Trust | 455,768 | 3M $ | 0.60 % | as of Apr 30, 2026 · Original filing |
| 92 | GIANT CASH FUNDO DE INVESTIMENTO FINANCEIRO RENDA FIXA | 451,900 | 15M R$ | 2.34 % | as of Apr 30, 2026 · Original filing |
| 93 | MAR ABSOLUTO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 436,240 | 14.5M R$ | 0.96 % | as of Apr 30, 2026 · Original filing |
| 94 | ITAÚ FLEXPREV FIF AÇÕES - RESP LIMITADA | 430,039 | 14.3M R$ | 0.83 % | as of Apr 30, 2026 · Original filing |
| 95 | SEI Select Emerging Markets Equity ETF SEI EXCHANGE TRADED FUNDS | 427,118 | 2.6M $ | 0.56 % | as of Mar 31, 2026 · Original filing |
| 96 | ABS TOTAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 422,371 | 14.1M R$ | 0.68 % | as of Apr 30, 2026 · Original filing |
| 97 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 400,999 | 13.4M R$ | 1.37 % | as of Apr 30, 2026 · Original filing |
| 98 | EOS HERCULES FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES INVESTIMENTO NO EXTERIOR | 400,000 | 13.3M R$ | 1.11 % | as of Apr 30, 2026 · Original filing |
| 99 | CAIXA RV 100 PREVINVEST PREVIDENCIÁRIO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESP LIMITADA | 395,990 | 13.2M R$ | 1.48 % | as of Apr 30, 2026 · Original filing |
| 100 | XP BALANCEADO FUNDO MÚTUO DE PRIVATIVAÇÃO - FGTS CARTEIRA LIVRE RESPONSABILIDADE LIMITADA | 391,300 | 13M R$ | 1.50 % | as of Apr 30, 2026 · Original filing |