| IAU iShares Gold Trust | 13.43% | 520,480 | $25.8M | Reduce -1.9% |
| VEA Vanguard Ftse Developed ETF | 13.10% | 525,600 | $25.1M | Reduce -32.9% |
| GUNR NT Mstar GLBL NR ETF | 10.01% | 528,203 | $19.2M | No change |
| EWC iShares MSCI Canada ETF | 7.39% | 351,800 | $14.2M | No change |
| VTI VG Morningstar TS MKT ETF-US | 5.86% | 38,800 | $11.2M | Reduce -64.7% |
| EWZ iShares MSCI Brazil ETF | 5.79% | 493,400 | $11.1M | Reduce -17.9% |
| VIG Vanguard Dividend Apprec ETF | 5.37% | 52,630 | $10.3M | Reduce -59.3% |
| ACWI iShares MSCI Acwi ETF | 5.10% | 83,300 | $9.8M | Reduce -3.4% |
| EMLC Vaneck JPM Em Local Curr BND | 3.81% | 316,200 | $7.3M | No change |
| IEMG iShares Core MSCI Emerging | 3.45% | 126,800 | $6.6M | No change |
| VWO Vanguard Ftse Emerging Marke | 3.16% | 137,700 | $6.1M | Reduce -75.1% |
| GNR State Street SPDR S&P Global | 2.01% | 77,550 | $3.9M | No change |
| VNQ Vanguard Real Estate ETF | 1.84% | 39,600 | $3.5M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.74% | 322,600 | $3.3M | No change |
| AGNC AGNC Investment Corp. | 1.68% | 350,000 | $3.2M | No change |
| FCX Freeport-McMoran Inc. | 1.61% | 81,000 | $3.1M | No change |
| MELI MercadoLibre Inc. | 1.32% | 1,494 | $2.5M | No change |
| VALE Vale SA-SP ADR | 1.23% | 266,714 | $2.4M | No change |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.01% | 24,789 | $1.9M | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.00% | 386,597 | $1.9M | No change |
| EWU iShares MSCI United Kingdom | 0.99% | 55,900 | $1.9M | Reduce -26.4% |
| EFV iShares MSCI Eafe Value ETF | 0.98% | 35,700 | $1.9M | No change |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.95% | 154,260 | $1.8M | No change |
| PBR Petroleo Brasileiro-Spon ADR | 0.89% | 132,846 | $1.7M | No change |
| ABEV Ambev SA-ADR | 0.59% | 616,839 | $1.1M | No change |
| CNQ Canadian Natural Resources | 0.56% | 35,000 | $1.1M | No change |
| XLE SS Energy Select Sector | 0.36% | 8,000 | $685K | No change |
| VDE Vanguard Energy ETF | 0.34% | 5,300 | $643K | No change |
| NLY Annaly Capital Management Inc. | 0.33% | 35,000 | $641K | No change |
| BSBR Banco Santander Brasil-ADS | 0.32% | 157,930 | $618K | No change |
| SUZ Suzano SA - Spon ADR | 0.31% | 58,835 | $595K | No change |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR | 0.30% | 100,104 | $573K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.30% | 3,350 | $567K | No change |
| VIV Telefonica Brasil-ADR | 0.28% | 72,375 | $546K | No change |
| XP XP Inc. Class A | 0.23% | 37,068 | $439K | No change |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.21% | 28,680 | $411K | No change |
| CVX Chevron Corp. | 0.20% | 2,700 | $391K | No change |
| EMB iShares JP Morgan Usd Emergi | 0.20% | 4,300 | $383K | No change |
| BBD Banco Bradesco-ADR | 0.19% | 187,900 | $359K | No change |
| XOM Exxon Mobil Corp. | 0.18% | 3,300 | $355K | No change |
| COP Conocophillips | 0.14% | 2,700 | $268K | No change |
| CIG Cia Energetica DE-Spon ADR | 0.14% | 147,547 | $261K | No change |
| SCHP Schwab U.S. Tips ETF | 0.13% | 10,000 | $258K | No change |
| GGB Gerdau SA -Spon ADR | 0.13% | 86,242 | $248K | No change |
| TIMB Tim SA-ADR | 0.12% | 20,350 | $239K | No change |
| BHP BHP Group Ltd.-Spon ADR | 0.10% | 4,000 | $195K | No change |
| BRFS BRF SA-ADR | 0.10% | 46,008 | $187K | No change |
| EWM iShares MSCI Malaysia ETF | 0.10% | 7,500 | $184K | No change |
| STNE Stoneco Ltd. Class A | 0.09% | 22,040 | $176K | No change |
| VNQI Vanguard GLBL Ex-US Real Est | 0.07% | 3,600 | $142K | No change |
| UGP Ultrapar Particpac-Spon ADR | 0.06% | 46,700 | $123K | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.06% | 2,000 | $118K | No change |
| CSANY Cosan SA -ADR | 0.05% | 19,080 | $104K | No change |
| SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION | 0.04% | 55,740 | $80K | No change |
| BAK Braskem SA Class A- ADR | 0.03% | 17,230 | $67K | No change |