Security Name	Identifier	Classification	Weighting
Centrais Eletricas Brasileiras SA (Eletrobras) (Preference B)	ELET6.BZ	Utilities	5.89%
Raia Drogasil S.A.	RADL3.BZ	Consumer Staples	4.08%
Cia. de Saneamento Basico do Estado de Sao Paulo - SABESP	SBSP3.BZ	Utilities	4.00%
CPFL Energia S.A.	CPFE3.BZ	Utilities	3.98%
Companhia Siderurgica Nacional S.A. (CSN)	CSNA3.BZ	Materials	3.81%
Banco do Brasil S.A.	BBAS3.BZ	Financials	3.63%
Itausa-Investimentos Itau SA (Preference Shares)	ITSA4.BZ	Financials	3.59%
JBS SA	JBSS3.BZ	Consumer Staples	3.50%
Companhia Energetica de Minas Gerais-CEMIG (Preference)	CMIG4.BZ	Utilities	3.45%
Kroton Educacional S.A.	KROT3.BZ	Consumer Discretionary	3.24%
TIM Participacoes S.A.	TIMP3.BZ	Telecommunication Services	3.09%
Banco Bradesco S.A. (Preference Shares)	BBDC4.BZ	Financials	3.02%
Cencosud S.A.	CENCOSUD.CI	Consumer Staples	2.83%
Telefonica Brasil SA (Preference)	VIVT4.BZ	Telecommunication Services	2.65%
OHL Mexico, S.A.B. de C.V.	OHLMEX*.MM	Industrials	2.27%
Grupo Mexico, S.A.B. de C.V. (Class B)	GMEXICOB.MM	Materials	2.21%
Industrias Bachoco, S.A.B. de C.V.	BACHOCOB.MM	Consumer Staples	2.19%
Itau Unibanco Holding S.A. (Preference Shares)	ITUB4.BZ	Financials	2.17%
BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros	BVMF3.BZ	Financials	2.07%
Grupo Bimbo, S.A.B. de C.V. (Class A)	BIMBOA.MM	Consumer Staples	2.07%
Alsea, S.A.B. de C.V.	ALSEA*.MM	Consumer Discretionary	2.05%
Bancolombia S.A. (Preference)	PFBCOLO.CB	Financials	1.90%
Hypermarcas S.A.	HYPE3.BZ	Consumer Staples	1.88%
Braskem SA (Preference A)	BRKM5.BZ	Materials	1.86%
Grupo Nutresa S.A.	NUTRESA.CB	Consumer Staples	1.78%
Gerdau S.A. (Preferred Shares)	GGBR4.BZ	Materials	1.67%
Empresas Copec S.A.	COPEC.CI	Energy	1.66%
Lojas Renner S.A.	LREN3.BZ	Consumer Discretionary	1.52%
Cosan SA Industria e Comercio	CSAN3.BZ	Energy	1.49%
Lojas Americanas SA (Preference)	LAME4.BZ	Consumer Discretionary	1.48%
Enersis Americas SA	ENERSIAM.CI	Utilities	1.43%
Cia. Brasileira de Distribuicao Grupo Pao de Acucar (Preference A Shares)	PCAR4.BZ	Consumer Staples	1.41%
GRUMA, S.A.B. de C.V.	GRUMAB.MM	Consumer Staples	1.39%
Promotora y Operadora de Infraestructura, S.A.B. de C.V.	PINFRA*.MM	Industrials	1.37%
Engie Brasil Energia SA	EGIE3.BZ	Utilities	1.35%
BRF S.A.	BRFS3.BZ	Consumer Staples	1.34%
LATAM Airlines Group S.A.	LAN.CI	Industrials	1.32%
Ultrapar Participacoes S.A.	UGPA3.BZ	Energy	1.27%
AES Gener S.A.	AESGENER.CI	Utilities	1.19%
Fibria Celulose S.A.	FIBR3.BZ	Materials	0.93%
Natura Cosmeticos S.A.	NATU3.BZ	Consumer Staples	0.72%
Banco de Credito e Inversiones	BCI.CI	Financials	0.66%
Aguas Andinas S.A. (Class A)	AGUAS/A.CI	Utilities	0.64%
CEMEX, S.A.B. de C.V. (Unit)	CEMEXCPO.MM	Materials	0.63%
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA)	FEMSAUBD.MM	Consumer Staples	0.54%
Grupo Televisa, S.A.B. (Unit)	TLEVICPO.MM	Consumer Discretionary	0.53%
Gentera, S.A.B. de C.V.	GENTERA*.MM	Financials	0.50%
Grupo Carso, S.A.B. de C.V. (Class A1)	GCARSOA1.MM	Industrials	0.48%
Colbun S.A.	COLBUN.CI	Utilities	0.44%
Alfa, S.A.B. de C.V. (Class A)	ALFAA.MM	Industrials	0.42%