Fund Holdings as of,"22-Oct-26"

Ticker,Name,Sector,Asset Class,Market Value,Weight (%),Notional Value,Shares,Price,Location,Exchange,Market Currency
"NU","NU HOLDINGS CLASS A","Financials","Equity","54,630,152.64","9.34","54,630,152.64","3,708,768.00","14.73","Brazil","New York Stock Exchange Inc.","USD"
"PETR4","PETROLEO BRASILEIRO PREF SA","Energy","Equity","54,426,479.49","9.31","54,426,479.49","4,746,341.00","11.47","Brazil","XBSP","BRL"
"ITUB4","ITAU UNIBANCO HOLDING PREF SA","Financials","Equity","52,782,363.40","9.03","52,782,363.40","5,545,612.00","9.52","Brazil","XBSP","BRL"
"PETR3","PETROLEO BRASILEIRO SA PETROBRAS","Energy","Equity","48,966,525.40","8.38","48,966,525.40","3,815,009.00","12.84","Brazil","XBSP","BRL"
"VALE3","CIA VALE DO RIO DOCE SH","Materials","Equity","45,780,412.41","7.83","45,780,412.41","3,754,716.00","12.19","Brazil","XBSP","BRL"
"B3SA3","B3 BRASIL BOLSA BALCAO SA","Financials","Equity","23,852,490.41","4.08","23,852,490.41","5,173,836.00","4.61","Brazil","XBSP","BRL"
"BBDC4","BANCO BRADESCO PREF","Financials","Equity","22,981,052.50","3.93","22,981,052.50","5,731,795.00","4.01","Brazil","XBSP","BRL"
"BPAC11","BCO BTG PACTUAL UNT SA","Financials","Equity","19,359,664.87","3.31","19,359,664.87","1,228,715.00","15.76","Brazil","XBSP","BRL"
"ITSA4","ITAUSA INVESTIMENTOS ITAU PREF SA","Financials","Equity","18,313,983.05","3.13","18,313,983.05","6,036,612.00","3.03","Brazil","XBSP","BRL"
"AXIA3","AXIA ENERGIA SA","Utilities","Equity","15,437,626.32","2.64","15,437,626.32","1,317,777.00","11.71","Brazil","XBSP","BRL"
"SBSP3","COMPANHIA DE SANEAMENTO BASICO DE","Utilities","Equity","15,379,884.00","2.63","15,379,884.00","2,439,090.00","6.31","Brazil","XBSP","BRL"
"ABEV3","AMBEV SA","Consumer Staples","Equity","14,893,510.58","2.55","14,893,510.58","4,444,391.00","3.35","Brazil","XBSP","BRL"
"WEGE3","WEG","Industrials","Equity","13,140,532.41","2.25","13,140,532.41","1,506,129.00","8.72","Brazil","XBSP","BRL"
"PRIO3","PETRO RIO","Energy","Equity","12,219,147.98","2.09","12,219,147.98","848,451.00","14.40","Brazil","XBSP","BRL"
"XP","XP CLASS A INC","Financials","Equity","12,073,973.65","2.07","12,073,973.65","411,379.00","29.35","Brazil","NASDAQ","USD"
"EMBJ3","EMBRAER","Industrials","Equity","11,862,819.72","2.03","11,862,819.72","683,335.00","17.36","Brazil","XBSP","BRL"
"EQTL3","EQUATORIAL SA","Utilities","Equity","10,471,070.94","1.79","10,471,070.94","1,096,267.00","9.55","Brazil","XBSP","BRL"
"RENT3","LOCALIZA RENT A CAR","Industrials","Equity","8,801,431.49","1.51","8,801,431.49","860,212.00","10.23","Brazil","XBSP","BRL"
"BBAS3","BANCO DO BRASIL SA","Financials","Equity","8,353,219.82","1.43","8,353,219.82","1,761,143.00","4.74","Brazil","XBSP","BRL"
"VBBR3","VIBRA ENERGIA SA","Consumer Discretionary","Equity","8,105,224.12","1.39","8,105,224.12","1,104,753.00","7.34","Brazil","XBSP","BRL"
"RDOR3","REDE DOR SAO LUIZ SA","Health Care","Equity","7,020,031.13","1.20","7,020,031.13","804,067.00","8.73","Brazil","XBSP","BRL"
"CPLE3","CIA PARANAENSE DE ENERGIA COPEL","Utilities","Equity","6,890,713.99","1.18","6,890,713.99","1,988,038.00","3.47","Brazil","XBSP","BRL"
"GGBR4","GERDAU PREF SA","Materials","Equity","6,567,455.28","1.12","6,567,455.28","1,299,869.00","5.05","Brazil","XBSP","BRL"
"BBDC3","BANCO BRADESCO","Financials","Equity","6,125,723.23","1.05","6,125,723.23","1,724,899.00","3.55","Brazil","XBSP","BRL"
"ENEV3","ENEVA","Utilities","Equity","5,991,721.84","1.02","5,991,721.84","944,286.00","6.35","Brazil","XBSP","BRL"
"UGPA3","ULTRAPAR PARTICIPOES SA","Consumer Discretionary","Equity","5,773,864.24","0.99","5,773,864.24","744,337.00","7.76","Brazil","XBSP","BRL"
"BBSE3","BB SEGURIDADE SA","Financials","Equity","5,566,532.24","0.95","5,566,532.24","647,885.00","8.59","Brazil","XBSP","BRL"
"ITUB3","ITAU UNIBANCO HOLDING SA","Financials","Equity","5,435,807.51","0.93","5,435,807.51","518,902.00","10.48","Brazil","XBSP","BRL"
"RADL3","RAIA DROGASIL","Consumer Staples","Equity","5,434,642.55","0.93","5,434,642.55","1,348,805.00","4.03","Brazil","XBSP","BRL"
"SUZB3","SUZANO SA","Materials","Equity","5,254,951.96","0.90","5,254,951.96","616,601.00","8.52","Brazil","XBSP","BRL"
"VIVT3","TELEFONICA BRASIL SA","Communication","Equity","4,799,199.83","0.82","4,799,199.83","729,448.00","6.58","Brazil","XBSP","BRL"
"RAIL3","RUMO SA","Industrials","Equity","4,563,590.95","0.78","4,563,590.95","1,240,694.00","3.68","Brazil","XBSP","BRL"
"JBS","JBS N V NV CLASS A","Consumer Staples","Equity","4,123,044.70","0.71","4,123,044.70","333,310.00","12.37","Brazil","New York Stock Exchange Inc.","USD"
"MOTV3","MOTIVA INFRAESTRUTURA DE MOBILIDAD","Industrials","Equity","4,118,411.70","0.70","4,118,411.70","1,036,933.00","3.97","Brazil","XBSP","BRL"
"CMIG4","CIA ENERGETICA DE MINAS GERAIS PRE","Utilities","Equity","4,076,097.30","0.70","4,076,097.30","1,762,982.00","2.31","Brazil","XBSP","BRL"
"ENGI11","ENERGISA UNITS","Utilities","Equity","3,855,045.01","0.66","3,855,045.01","294,882.00","13.07","Brazil","XBSP","BRL"
"BRL","BRL CASH","Cash and/or Derivatives","Cash","3,663,918.05","0.63","3,663,918.05","18,477,688.00","19.83","Brazil","-","BRL"
"TIMS3","TIM","Communication","Equity","3,304,221.77","0.57","3,304,221.77","854,548.00","3.87","Brazil","XBSP","BRL"
"KLBN11","KLABIN UNITS SA","Materials","Equity","2,812,505.31","0.48","2,812,505.31","781,051.00","3.60","Brazil","XBSP","BRL"
"AUGO","AURA MINERALS INC","Materials","Equity","2,698,978.00","0.46","2,698,978.00","34,360.00","78.55","Brazil","NASDAQ","USD"
"CXSE3","CAIXA SEGURIDADE PARTICIPACOES SA","Financials","Equity","2,587,271.17","0.44","2,587,271.17","612,582.00","4.22","Brazil","XBSP","BRL"
"EGIE3","ENGIE BRASIL ENERGIA SA","Utilities","Equity","2,111,850.12","0.36","2,111,850.12","342,566.00","6.16","Brazil","XBSP","BRL"
"MBRF3","MARFRIG GLOBAL FOODS SA","Consumer Staples","Equity","2,045,689.00","0.35","2,045,689.00","563,755.00","3.63","Brazil","XBSP","BRL"
"PSSA3","PORTO SEGURO SA","Financials","Equity","2,034,333.98","0.35","2,034,333.98","198,442.00","10.25","Brazil","XBSP","BRL"
"CPFE3","CPFL ENERGIA","Utilities","Equity","1,903,615.53","0.33","1,903,615.53","193,983.00","9.81","Brazil","XBSP","BRL"
"AXIA7","AXIA ENERGIA PRF SA","Utilities","Equity","1,639,459.68","0.28","1,639,459.68","138,842.00","11.81","Brazil","XBSP","BRL"
"USD","USD CASH","Cash and/or Derivatives","Cash","707,264.18","0.12","707,264.18","707,264.00","100.00","United States","-","USD"
"ICSUAGD","BLK ICS USD LIQ AGENCY DIS","Cash and/or Derivatives","Money Market","469,859.22","0.08","469,859.22","469,859.00","1.00","Ireland","-","USD"
"AXIA19","AXIA ENERGIA PRF SA","Utilities","Equity","422,940.91","0.07","422,940.91","35,854.00","11.80","Brazil","XBSP","BRL"
"BZFUT","CASH COLLATERAL USD BZFUT","Cash and/or Derivatives","Cash Collateral and Margins","390,910.00","0.07","390,910.00","390,910.00","100.00","United States","-","USD"
"-","AXIA ENERGIA SA","Utilities","Equity","367,935.12","0.06","367,935.12","31,600.00","11.64","Brazil","XBSP","BRL"
"EUR","EUR CASH","Cash and/or Derivatives","Cash","3,006.55","0.00","3,006.55","2,685.00","111.97","European Union","-","EUR"
"GBP","GBP CASH","Cash and/or Derivatives","Cash","1,068.51","0.00","1,068.51","800.00","133.65","United Kingdom","-","GBP"
"ETD_GBP","ETD GBP BALANCE WITH 06738C","Cash and/or Derivatives","Cash","-0.13","0.00","-0.13","0.00","133.65","United Kingdom","-","GBP"
"MCBZ6","BCLEAR MSCI BRAZIL INDEX DEC 26","Cash and/or Derivatives","Futures","0.00","0.00","5,332,800.00","60.00","888.80","-","IFLL","USD"