| Stock | 98.96% |
| Cash | 0.01% |
| Other* | 1.04% |
Holdings Detail as of 5/22/2013 (Holdings subject to change)
| Symbol | Name |
% Net Assets |
Market Value ($) |
ISIN | Market | Sector |
Exchange Rate |
|---|---|---|---|---|---|---|---|
| PETR4 | PETROBRAS - PETROLEO BRAS-PR | 7.48 | $541,203,105 | BRPETRACNPR6 | XBSP | Energy | 2.04 |
| ITUB4 | ITAU UNIBANCO HOLDING S-PREF | 7.39 | $534,286,901 | BRITUBACNPR1 | XBSP | Financials | 2.04 |
| BBDC4 | BANCO BRADESCO SA-PREF | 6.43 | $465,214,015 | BRBBDCACNPR8 | XBSP | Financials | 2.04 |
| AMBV4 | CIA DE BEBIDAS DAS AME-PREF | 5.54 | $400,685,693 | BRAMBVACNPR1 | XBSP | Consumer Staples | 2.04 |
| VALE5 | VALE SA-PREF | 5.36 | $387,756,995 | BRVALEACNPA3 | XBSP | Materials | 2.04 |
| PETR3 | PETROBRAS - PETROLEO BRAS | 4.76 | $344,051,672 | BRPETRACNOR9 | XBSP | Energy | 2.04 |
| VALE3 | VALE SA | 3.43 | $248,384,423 | BRVALEACNOR0 | XBSP | Materials | 2.04 |
| BRFS3 | BRF SA | 3.39 | $245,397,976 | BRBRFSACNOR8 | XBSP | Consumer Staples | 2.04 |
| BVMF3 | BM&FBOVESPA SA | 2.78 | $201,299,004 | BRBVMFACNOR3 | XBSP | Financials | 2.04 |
| CIEL3 | CIELO SA | 2.11 | $152,249,311 | BRCIELACNOR3 | XBSP | Information Technology | 2.04 |
| UGPA3 | ULTRAPAR PARTICIPACOES SA | 2.00 | $144,838,782 | BRUGPAACNOR8 | XBSP | Energy | 2.04 |
| CCRO3 | CCR SA | 1.96 | $141,947,174 | BRCCROACNOR2 | XBSP | Industrials | 2.04 |
| VIVT4 | TELEFONICA BRASIL S.A.-PREF | 1.81 | $130,652,043 | BRVIVTACNPR7 | XBSP | Telecom Services | 2.04 |
| ITSA4 | ITAUSA-INVESTIMENTOS ITAU-PR | 1.77 | $128,010,826 | BRITSAACNPR7 | XBSP | Financials | 2.04 |
| BBAS3 | BANCO DO BRASIL S.A. | 1.71 | $123,794,273 | BRBBASACNOR3 | XBSP | Financials | 2.04 |
| CMIG4 | CIA ENERGETICA MINAS GER-PRF | 1.42 | $102,947,422 | BRCMIGACNPR3 | XBSP | Utilities | 2.04 |
| PCAR4 | CIA BRASILEIRA DE DIS-PREF | 1.37 | $99,283,160 | BRPCARACNPR0 | XBSP | Consumer Staples | 2.04 |
| GGBR4 | GERDAU SA-PREF | 1.36 | $98,420,661 | BRGGBRACNPR8 | XBSP | Materials | 2.04 |
| SANB11 | BANCO SANTANDER BRASIL-UNIT | 1.34 | $96,987,078 | BRSANBCDAM13 | XBSP | Financials | 2.04 |
| CRUZ3 | SOUZA CRUZ SA | 1.34 | $96,622,414 | BRCRUZACNOR0 | XBSP | Consumer Staples | 2.04 |
| BBDC3 | BANCO BRADESCO S.A. | 1.27 | $91,732,693 | BRBBDCACNOR1 | XBSP | Financials | 2.04 |
| EMBR3 | EMBRAER SA | 1.25 | $90,741,655 | BREMBRACNOR4 | XBSP | Industrials | 2.04 |
| LREN3 | LOJAS RENNER S.A. | 1.19 | $85,997,652 | BRLRENACNOR1 | XBSP | Consumer Discretionary | 2.04 |
| BRML3 | BR MALLS PARTICIPACOES SA | 1.16 | $83,537,784 | BRBRMLACNOR9 | XBSP | Financials | 2.04 |
| NATU3 | NATURA COSMETICOS SA | 1.11 | $80,344,978 | BRNATUACNOR6 | XBSP | Consumer Staples | 2.04 |
| SBSP3 | CIA SANEAMENTO BASICO DE SP | 1.10 | $79,841,695 | BRSBSPACNOR5 | XBSP | Utilities | 2.04 |
| LAME4 | LOJAS AMERICANAS SA-PREF | 0.90 | $65,297,352 | BRLAMEACNPR6 | XBSP | Consumer Discretionary | 2.04 |
| TIMP3 | TIM PARTICIPACOES SA | 0.89 | $64,283,326 | BRTIMPACNOR1 | XBSP | Telecom Services | 2.04 |
| BBSE3 | BB SEGURIDADE PARTICIPACOES | 0.89 | $64,234,424 | BRBBSEACNOR5 | XBSP | Financials | 2.04 |
| HYPE3 | HYPERMARCAS SA | 0.79 | $57,301,413 | BRHYPEACNOR0 | XBSP | Consumer Staples | 2.04 |
| KLBN4 | KLABIN SA-PREF | 0.79 | $56,897,729 | BRKLBNACNPR9 | XBSP | Materials | 2.04 |
| CSAN3 | COSAN SA INDUSTRIA COMERCIO | 0.78 | $56,546,966 | BRCSANACNOR6 | XBSP | Energy | 2.04 |
| TBLE3 | TRACTEBEL ENERGIA SA | 0.78 | $56,461,862 | BRTBLEACNOR2 | XBSP | Utilities | 2.04 |
| HGTX3 | CIA HERING | 0.77 | $55,574,873 | BRHGTXACNOR9 | XBSP | Consumer Discretionary | 2.04 |
| CYRE3 | CYRELA BRAZIL REALTY SA EMP | 0.72 | $52,134,902 | BRCYREACNOR7 | XBSP | Consumer Discretionary | 2.04 |
| CPFE3 | CPFL ENERGIA SA | 0.72 | $51,716,209 | BRCPFEACNOR0 | XBSP | Utilities | 2.04 |
| FIBR3 | FIBRIA CELULOSE SA | 0.71 | $51,615,846 | BRFIBRACNOR9 | XBSP | Materials | 2.04 |
| BRAP4 | BRADESPAR SA -PREF | 0.67 | $48,639,383 | BRBRAPACNPR2 | XBSP | Materials | 2.04 |
| AEDU3 | ANHANGUERA EDUCACIONAL PARTI | 0.67 | $48,506,135 | BRAEDUACNOR9 | XBSP | Consumer Discretionary | 2.04 |
| ALLL3 | ALL AMERICA LATINA LOGISTICA | 0.66 | $48,040,823 | BRALLLACNOR6 | XBSP | Industrials | 2.04 |
| MULT3 | MULTIPLAN EMPREENDIMENTOS | 0.66 | $47,730,027 | BRMULTACNOR5 | XBSP | Financials | 2.04 |
| CTIP3 | CETIP SA-MERCADOS ORGANIZADO | 0.66 | $47,529,526 | BRCTIPACNOR2 | XBSP | Financials | 2.04 |
| RADL3 | RAIA DROGASIL SA | 0.66 | $47,511,567 | BRRADLACNOR0 | XBSP | Consumer Staples | 2.04 |
| RENT3 | LOCALIZA RENT A CAR | 0.64 | $46,562,888 | BRRENTACNOR4 | XBSP | Industrials | 2.04 |
| CSNA3 | CIA SIDERURGICA NACIONAL SA | 0.62 | $44,829,043 | BRCSNAACNOR6 | XBSP | Materials | 2.04 |
| GOAU4 | METALURGICA GERDAU SA-PREF | 0.62 | $44,735,994 | BRGOAUACNPR8 | XBSP | Materials | 2.04 |
| TOTS3 | TOTVS SA | 0.58 | $42,243,169 | BRTOTSACNOR8 | XBSP | Information Technology | 2.04 |
| BRPR3 | BR PROPERTIES SA | 0.56 | $40,209,380 | BRBRPRACNOR9 | XBSP | Financials | 2.04 |
| CPLE6 | CIA PARANAENSE DE ENERGI-PFB | 0.52 | $37,301,555 | BRCPLEACNPB9 | XBSP | Utilities | 2.04 |
| USIM5 | USINAS SIDER MINAS GER-PF A | 0.52 | $37,281,218 | BRUSIMACNPA6 | XBSP | Materials | 2.04 |
| OIBR4 | OI SA-PREFERENCE | 0.49 | $35,427,357 | BROIBRACNPR8 | XBSP | Telecom Services | 2.04 |
| PSSA3 | PORTO SEGURO SA | 0.49 | $35,271,894 | BRPSSAACNOR7 | XBSP | Financials | 2.04 |
| BRSR6 | BANCO ESTADO RIO GRAN-PREF B | 0.46 | $33,577,868 | BRBRSRACNPB4 | XBSP | Financials | 2.04 |
| JBSS3 | JBS SA | 0.46 | $33,241,140 | BRJBSSACNOR8 | XBSP | Consumer Staples | 2.04 |
| POMO4 | MARCOPOLO SA-PREF | 0.46 | $32,984,565 | BRPOMOACNPR7 | XBSP | Industrials | 2.04 |
| ENBR3 | EDP - ENERGIAS DO BRASIL SA | 0.45 | $32,707,660 | BRENBRACNOR2 | XBSP | Utilities | 2.04 |
| CESP6 | CIA ENERGETICA DE SP-PREF B | 0.45 | $32,423,162 | BRCESPACNPB4 | XBSP | Utilities | 2.04 |
| ARTR3 | ARTERIS SA | 0.45 | $32,398,189 | BRARTRACNOR3 | XBSP | Industrials | 2.04 |
| ECOR3 | ECORODOVIAS INFRA E LOG SA | 0.44 | $31,952,227 | BRECORACNOR8 | XBSP | Industrials | 2.04 |
| WEGE3 | WEG SA | 0.44 | $31,592,866 | BRWEGEACNOR0 | XBSP | Industrials | 2.04 |
| BRKM5 | BRASKEM SA-PREF A | 0.42 | $30,632,924 | BRBRKMACNPA4 | XBSP | Materials | 2.04 |
| DASA3 | DIAGNOSTICOS DA AMERICA SA | 0.40 | $28,855,061 | BRDASAACNOR1 | XBSP | Health Care | 2.04 |
| PDGR3 | PDG REALTY SA | 0.39 | $28,502,500 | BRPDGRACNOR8 | XBSP | Consumer Discretionary | 2.04 |
| KROT3 | KROTON EDUCACIONAL SA | 0.39 | $28,485,082 | BRKROTACNOR9 | XBSP | Consumer Discretionary | 2.04 |
| CSMG3 | CIA SANEAMENTO MINAS GERAIS | 0.38 | $27,372,878 | BRCSMGACNOR5 | XBSP | Utilities | 2.04 |
| SULA11 | SUL AMERICA SA - UNITS | 0.36 | $25,861,597 | BRSULACDAM12 | XBSP | Financials | 2.04 |
| GETI4 | AES TIETE SA-PREF | 0.35 | $25,025,753 | BRGETIACNPR4 | XBSP | Utilities | 2.04 |
| AMBV3 | CIA DE BEBIDAS DAS AMERICAS | 0.33 | $23,808,203 | BRAMBVACNOR4 | XBSP | Consumer Staples | 2.04 |
| ELET6 | CENTRAIS ELETRICAS BRAS-PR B | 0.32 | $23,476,155 | BRELETACNPB7 | XBSP | Utilities | 2.04 |
| MRVE3 | MRV ENGENHARIA | 0.32 | $22,806,665 | BRMRVEACNOR2 | XBSP | Consumer Discretionary | 2.04 |
| OGXP3 | OGX PETROLEO E GAS PARTICIPA | 0.28 | $20,111,942 | BROGXPACNOR3 | XBSP | Energy | 2.04 |
| MPLU3 | MULTIPLUS SA | 0.27 | $19,430,034 | BRMPLUACNOR3 | XBSP | Industrials | 2.04 |
| MPXE3 | MPX ENERGIA SA | 0.25 | $17,882,247 | BRMPXEACNOR2 | XBSP | Utilities | 2.04 |
| OIBR3 | OI SA | 0.22 | $16,098,556 | BROIBRACNOR1 | XBSP | Telecom Services | 2.04 |
| LIGT3 | LIGHT SA | 0.22 | $16,084,473 | BRLIGTACNOR2 | XBSP | Utilities | 2.04 |
| ELET3 | CENTRAIS ELETRICAS BRASILIER | 0.22 | $15,956,437 | BRELETACNOR6 | XBSP | Utilities | 2.04 |
| QUAL3 | QUALICORP SA | 0.20 | $14,743,397 | BRQUALACNOR6 | XBSP | Health Care | 2.04 |
| ELPL4 | ELETROPAULO METROPOLI-PREF | 0.14 | $10,131,788 | BRELPLACNPR6 | XBSP | Utilities | 2.04 |
| LAME3 | LOJAS AMERICANAS SA | 0.13 | $9,164,967 | BRLAMEACNOR9 | XBSP | Consumer Discretionary | 2.04 |
| ODPV3 | ODONTOPREV S.A. | 0.07 | $5,337,218 | BRODPVACNOR4 | XBSP | Health Care | 2.04 |
| DTEX3 | DURATEX SA | 0.07 | $4,954,349 | BRDTEXACNOR3 | XBSP | Materials | 2.04 |
| ITSA2 | ITAUSA-INVESTIMENTOS-RTS | 0.02 | $1,121,669 | BRITSAD15PR2 | XBSP | Financials | 2.04 |
| -- | BLACKROCK FDS III | 0.01 | $404,234 | -- | S-T Securities | 1.00 | |
| CTIP1 | CETIP SA-RTS | 0.00 | $2,038 | BRCTIPD04OR1 | XBSP | Financials | 2.04 |

