| IAU iShares Gold Trust | 14.90% | 520,480 | $30.7M | No change |
| VEA Vanguard Ftse Developed ETF | 12.98% | 525,600 | $26.7M | No change |
| GUNR NT Mstar GLBL NR ETF | 9.96% | 528,203 | $20.5M | No change |
| EWC iShares MSCI Canada ETF | 6.96% | 351,800 | $14.3M | No change |
| EWZ iShares MSCI Brazil ETF | 6.19% | 493,400 | $12.8M | No change |
| VTI VG Morningstar TS MKT ETF-US | 5.18% | 38,800 | $10.7M | No change |
| VIG Vanguard Dividend Apprec ETF | 4.96% | 52,630 | $10.2M | No change |
| ACWI iShares MSCI Acwi ETF | 4.71% | 83,300 | $9.7M | No change |
| EMLC Vaneck JPM Em Local Curr BND | 3.66% | 316,200 | $7.5M | No change |
| IEMG iShares Core MSCI Emerging | 3.32% | 126,800 | $6.8M | No change |
| VWO Vanguard Ftse Emerging Marke | 3.03% | 137,700 | $6.2M | No change |
| GNR State Street SPDR S&P Global | 2.01% | 77,550 | $4.1M | No change |
| VNQ Vanguard Real Estate ETF | 1.74% | 39,600 | $3.6M | No change |
| AGNC AGNC Investment Corp. | 1.63% | 350,000 | $3.4M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.60% | 322,600 | $3.3M | No change |
| FCX Freeport-McMoran Inc. | 1.49% | 81,000 | $3.1M | No change |
| MELI MercadoLibre Inc. | 1.42% | 1,494 | $2.9M | No change |
| VALE Vale SA-SP ADR | 1.29% | 266,714 | $2.7M | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.14% | 425,256 | $2.3M | Add +10.0% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.10% | 24,789 | $2.3M | No change |
| EFV iShares MSCI Eafe Value ETF | 1.02% | 35,700 | $2.1M | No change |
| EWU iShares MSCI United Kingdom | 1.02% | 55,900 | $2.1M | No change |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.98% | 154,260 | $2.0M | No change |
| PBR Petroleo Brasileiro-Spon ADR | 0.93% | 132,846 | $1.9M | No change |
| ABEV Ambev SA-ADR | 0.70% | 616,839 | $1.4M | No change |
| CNQ Canadian Natural Resources | 0.67% | 45,000 | $1.4M | Add +28.6% |
| XLE SS Energy Select Sector | 0.36% | 8,000 | $748K | No change |
| BSBR Banco Santander Brasil-ADS | 0.36% | 157,930 | $744K | No change |
| NLY Annaly Capital Management Inc. | 0.35% | 35,000 | $711K | No change |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR | 0.35% | 100,104 | $711K | No change |
| VDE Vanguard Energy ETF | 0.33% | 5,300 | $687K | No change |
| VIV Telefonica Brasil-ADR | 0.31% | 72,375 | $631K | No change |
| CVX Chevron Corp. | 0.30% | 3,700 | $619K | Add +37.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 3,350 | $579K | No change |
| XOM Exxon Mobil Corp. | 0.27% | 4,700 | $559K | Add +42.4% |
| SUZ Suzano SA - Spon ADR | 0.27% | 58,835 | $547K | No change |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.25% | 28,680 | $512K | No change |
| XP XP Inc. Class A | 0.25% | 37,068 | $510K | No change |
| BBD Banco Bradesco-ADR | 0.20% | 187,900 | $419K | No change |
| EMB iShares JP Morgan Usd Emergi | 0.19% | 4,300 | $390K | No change |
| TIMB Tim SA-ADR | 0.15% | 20,350 | $318K | No change |
| COP Conocophillips | 0.14% | 2,700 | $284K | No change |
| SCHP Schwab U.S. Tips ETF | 0.13% | 10,000 | $269K | No change |
| CIG Cia Energetica DE-Spon ADR | 0.13% | 147,547 | $260K | No change |
| GGB Gerdau SA -Spon ADR | 0.12% | 86,242 | $245K | No change |
| STNE Stoneco Ltd. Class A | 0.11% | 22,040 | $231K | No change |
| BHP BHP Group Ltd.-Spon ADR | 0.09% | 4,000 | $194K | No change |
| EWM iShares MSCI Malaysia ETF | 0.08% | 7,500 | $173K | No change |
| BRFS BRF SA-ADR | 0.08% | 46,008 | $158K | No change |
| VNQI Vanguard GLBL Ex-US Real Est | 0.07% | 3,600 | $146K | No change |
| UGP Ultrapar Particpac-Spon ADR | 0.07% | 46,700 | $144K | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.06% | 2,000 | $120K | No change |
| CSANY Cosan SA -ADR | 0.05% | 19,080 | $100K | No change |
| SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION | 0.05% | 55,740 | $93K | No change |
| BAK Braskem SA Class A- ADR | 0.03% | 17,230 | $66K | No change |