| VVANGUARD FTSEVEA |
| 15.04% | 13.46% | $37.4M | 525,600 | $33.7M | 525,600 | 00.00% | Unchanged |
| IISHARES GOLD TRIAU |
| 11.99% | 13.93% | $29.9M | 395,430 | $34.9M | 395,430 | 00.00% | Unchanged |
| FFLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUNDGUNR |
| 9.85% | 10.97% | $24.5M | 497,600 | $27.4M | 497,600 | 00.00% | Unchanged |
| IISHARES INCEWC |
| 7.22% | 6.83% | $18.0M | 311,800 | $17.1M | 311,800 | 00.00% | Unchanged |
| GGENERAL DYNAMICS CORPVTI |
| 6.72% | 5.8% | $16.7M | 45,200 | $14.5M | 45,200 | 00.00% | Unchanged |
| IISHARES INCEWZ |
| 5.45% | 6.04% | $13.6M | 393,400 | $15.1M | 393,400 | 00.00% | Unchanged |
| VVANGUARD SPECIALIZED FUNDSVIG |
| 5% | 4.52% | $12.5M | 52,630 | $11.3M | 52,630 | 00.00% | Unchanged |
| IISHARES INCIEMG |
| 4.22% | 3.53% | $10.5M | 126,800 | $8.8M | 126,800 | 00.00% | Unchanged |
| VVANECK JPMEMLC |
| 3.25% | 3.17% | $8.1M | 316,200 | $7.9M | 316,200 | 00.00% | Unchanged |
| IISHARES MSCI ACWI ETFTOK |
| 2.75% | 2.42% | $6.9M | 43,700 | $6.0M | 43,700 | 00.00% | Unchanged |
 MERCADOLIBRE INC COMMELI |
| 2.18% | 2.21% | $5.4M | 3,194 | $5.5M | 3,194 | 00.00% | Unchanged |
| SSTATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETFGNR |
| 2.1% | 2.31% | $5.2M | 77,550 | $5.8M | 77,550 | 00.00% | Unchanged |
 FREEPORT MCMORAN INCFCX |
| 2.05% | 1.9% | $5.1M | 81,000 | $4.8M | 81,000 | 00.00% | Unchanged |
| IISHARES TREWU |
| 1.81% | 1.78% | $4.5M | 97,500 | $4.4M | 97,500 | 00.00% | Unchanged |
 NU HLDGS LTDNU |
| 1.53% | 1.64% | $3.8M | 285,600 | $4.1M | 285,600 | 00.00% | Unchanged |
 Itau Unibanco H-Spon PRF ADRITUB |
| 1.44% | 1.47% | $3.6M | 438,013 | $3.7M | 438,013 | 00.00% | Unchanged |
| IISHARES TREFV |
| 1.1% | 1.06% | $2.7M | 35,700 | $2.7M | 35,700 | 00.00% | Unchanged |
| SSEA LTD SPONSORD ADSSE |
| 1.09% | 0.94% | $2.7M | 28,300 | $2.3M | 28,300 | 00.00% | Unchanged |
 COCA-COLA FEMSA SAB DE CVKOF |
| 1.06% | 0.97% | $2.6M | 24,789 | $2.4M | 24,789 | 00.00% | Unchanged |
 EXXON MOBIL CORPXOM |
| 1.05% | 1.3% | $2.6M | 19,200 | $3.3M | 19,200 | 00.00% | Unchanged |
| PPETROLEO BRASILEIRO S APBR |
| 0.91% | 1.16% | $2.3M | 154,260 | $2.9M | 154,260 | 00.00% | Unchanged |
| VVANGUARD FSTEVWO |
| 0.9% | 0.81% | $2.3M | 37,700 | $2.0M | 37,700 | 00.00% | Unchanged |
| PPETROLEO BRASILEIRO S APBR |
| 0.86% | 1.1% | $2.1M | 132,846 | $2.8M | 132,846 | 00.00% | Unchanged |
 VALE S AVALE |
| 0.74% | 0.78% | $1.8M | 122,010 | $1.9M | 122,010 | 00.00% | Unchanged |
 BHP BILLITON LIMITED SPONSORED ADSBHP |
| 0.67% | 0.58% | $1.7M | 20,000 | $1.5M | 20,000 | 00.00% | Unchanged |
| RRIO TINTO PLCBBP |
| 0.65% | 0.63% | $1.6M | 17,000 | $1.6M | 17,000 | 00.00% | Unchanged |
 CHEVRON CORPORATIONCVX |
| 0.58% | 0.72% | $1.4M | 8,700 | $1.8M | 8,700 | 00.00% | Unchanged |
 ARES CAPITALARCC |
| 0.47% | 0.45% | $1.2M | 63,254 | $1.1M | 62,618 | +636+1.02% | Add |
| AAXIA ENERGIA SA SPONSORED ADRAXIAY |
| 0.42% | 0.45% | $1.1M | 100,104 | $1.1M | 100,104 | 00.00% | Unchanged |
 COUPANG INC CLASS ACPNG |
| 0.42% | 0.45% | $1.0M | 60,000 | $1.1M | 60,000 | 00.00% | Unchanged |
| AAMBEV SAABEV |
| 0.36% | 0.45% | $904,097 | 287,929 | $1.1M | 387,929 | -100,000-25.78% | Reduce |
| CCOMPANHIA DE SANEAMENTO BASISBS |
| 0.34% | 0.36% | $854,775 | 147,885 | $901,601 | 29,551 | +118,334+400.44% | Add |
| SSELECT SECTOR SPDR TRXLE |
| 0.34% | 0.39% | $849,760 | 16,000 | $980,160 | 16,000 | 00.00% | Unchanged |
 GRAB HOLDINGS LIMITED CLASS A ORDGRAB |
| 0.33% | — | $829,400 | 220,000 | $0 | 0 | +220,000 | New Buy |
| VVANGUARD WORLD FDVDE |
| 0.32% | 0.37% | $795,689 | 5,300 | $917,112 | 5,300 | 00.00% | Unchanged |
| VVANGUARD INDEX FDSVTV |
| 0.29% | 0.26% | $730,066 | 3,350 | $657,270 | 3,350 | 00.00% | Unchanged |
 DLOCAL LTDDLO |
| 0.29% | 0.29% | $727,720 | 56,000 | $726,320 | 56,000 | 00.00% | Unchanged |
 AGNC INVT CORP COMAGNC |
| 0.26% | 0.24% | $654,000 | 60,000 | $601,800 | 60,000 | 00.00% | Unchanged |
| BBANCO BRADESCO S A SPBBD |
| 0.26% | 0.27% | $652,013 | 187,900 | $685,835 | 187,900 | 00.00% | Unchanged |
 XP INCXP |
| 0.24% | 0.28% | $602,726 | 37,068 | $705,775 | 37,068 | 00.00% | Unchanged |
 NVIDIA CORPORATIONNVDA |
| 0.24% | 0.21% | $600,270 | 3,000 | $523,200 | 3,000 | 00.00% | Unchanged |
 BLUE OWL CAP CORPOBDC |
| 0.23% | 0.23% | $569,664 | 52,407 | $568,053 | 51,361 | +1,046+2.04% | Add |
| TTELEFONICA BRASIL SAVIV |
| 0.22% | 0.26% | $541,995 | 41,185 | $655,253 | 41,185 | 00.00% | Unchanged |
| JJBS N.V.JBS |
| 0.21% | 0.31% | $513,235 | 43,311 | $777,866 | 43,311 | 00.00% | Unchanged |
 PAGSEGURO DIGITAL LTDPAGS |
| 0.2% | 0.22% | $506,800 | 56,000 | $561,120 | 56,000 | 00.00% | Unchanged |
 AMAZON COM INCAMZN |
| 0.19% | 0.17% | $476,680 | 2,000 | $416,540 | 2,000 | 00.00% | Unchanged |
 BANCO SANTANDER BRASIL S ABSBR |
| 0.19% | 0.21% | $462,263 | 88,050 | $522,137 | 88,050 | 00.00% | Unchanged |
| IISHARES TREMB |
| 0.17% | 0.16% | $414,692 | 4,300 | $403,899 | 4,300 | 00.00% | Unchanged |
 SHELL PLCSHEL |
| 0.16% | 0.19% | $387,700 | 5,000 | $465,000 | 5,000 | 00.00% | Unchanged |
| FFS KKR CAP CORPFSK |
| 0.15% | 0.15% | $378,000 | 36,000 | $366,480 | 36,000 | 00.00% | Unchanged |
