#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NU HLDGS LTD	NU	36,190,501	$605.8M	83.09%
2	VALE S A	VALE	1,374,389	$18.2M	2.50%
3	INVESCO EXCHANGE TRADED FD T	IVZ	46,839	$9.0M	1.23%
4	ISHARES TR	464288257	58,016	$8.2M	1.13%
5	BANCO BRADESCO S A	059460303	2,253,600	$8.0M	1.10%
6	PETROLEO BRASILEIRO SA PETRO	71654V408	632,032	$7.7M	1.06%
7	ISHARES INC	46434G764	100,651	$7.3M	1.00%
8	J P MORGAN EXCHANGE TRADED F	46641Q159	140,799	$6.5M	0.90%
9	VANGUARD WHITEHALL FDS	921946885	94,599	$6.4M	0.87%
10	FIRST TR EXCH TRADED FD III	33739E108	287,112	$5.2M	0.72%
11	ISHARES TR	464288281	51,280	$4.9M	0.68%
12	ISHARES TR	46434V738	65,726	$4.7M	0.64%
13	ISHARES TR	46434V407	96,900	$4.2M	0.57%
14	ISHARES INC	46434G822	50,733	$4.1M	0.56%
15	ISHARES TR	464287291	34,902	$3.7M	0.50%
16	ISHARES TR	464287234	65,815	$3.6M	0.49%
17	VANECK ETF TRUST	92189F429	167,160	$3.0M	0.40%
18	J P MORGAN EXCHANGE TRADED F	46654Q724	41,487	$2.8M	0.38%
19	VANGUARD TAX-MANAGED FDS	921943858	41,141	$2.6M	0.35%
20	ISHARES TR	46432F339	11,833	$2.4M	0.32%