Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VEA	VANGUARD TAX-MANAGED INTL FD	782,800	$38.69M	14.5%	$39.09	—	FTSE DEV MKT ETF	921943858
VTI	VANGUARD INDEX FDS	110,000	$29.43M	11.0%	$127.00	—	TOTAL STK MKT	922908769
IAU	ISHARES GOLD TR	588,480	$25.85M	9.7%	$14.84	—	ISHARES NEW	464285204
VWO	VANGUARD INTL EQUITY INDEX F	553,000	$24.2M	9.0%	$40.67	—	FTSE EMR MKT ETF	922042858
VIG	VANGUARD SPECIALIZED FUNDS	129,430	$23.63M	8.8%	$92.67	—	DIV APP ETF	921908844
GUNR	FLEXSHARES TR	528,203	$21.2M	7.9%	$30.20	—	MORNSTAR UPSTR	33939L407
EWZ	ISHARES INC	600,900	$16.42M	6.1%	$34.13	—	MSCI BRAZIL ETF	464286400
EWC	ISHARES INC	351,800	$13.05M	4.9%	$32.81	—	MSCI CDA ETF	464286509
ACWI	ISHARES TR	86,200	$9.689M	3.6%	$80.43	—	MSCI ACWI ETF	464288257
EMLC	VANECK ETF TRUST	316,200	$7.519M	2.8%	$29.06	—	JP MRGAN EM LOC	92189H300
IEMG	ISHARES INC	126,800	$6.788M	2.5%	$49.30	—	CORE MSCI EMKT	46434G103
GNR	SPDR INDEX SHS FDS	77,550	$4.331M	1.6%	$48.74	—	GLB NAT RESRCE	78463X541
VNQ	VANGUARD INDEX FDS	50,600	$4.238M	1.6%	$85.57	—	REAL ESTATE ETF	922908553
NU	NU HLDGS LTD	322,600	$4.158M	1.6%	$10.49	+11.0%	ORD SHS CL A	G6683N103
FCX	FREEPORT-MCMORAN INC	74,000	$3.596M	1.3%	$29.54	+67.0%	CL B	35671D857
AGNC	AGNC INVT CORP	350,000	$3.339M	1.2%	$10.06	—	COM	00123Q104
VALE	VALE S A	256,714	$2.867M	1.1%	$16.67	—	SPONSORED ADS	91912E105
EWU	ISHARES TR	75,900	$2.647M	1.0%	$26.96	—	MSCI UK ETF NEW	46435G334
MELI	MERCADOLIBRE INC	1,494	$2.455M	0.9%	$1335.69	+18.2%	COM	58733R102
ITUB	ITAU UNIBANCO HLDG S A	386,597	$2.258M	0.8%	$4.75	—	SPON ADR REP PFD	465562106
KOF	COCA-COLA FEMSA SAB DE CV	24,789	$2.128M	0.8%	$82.40	—	SPONSORD ADR REP	191241108
PBR/A	PETROLEO BRASILEIRO SA PETRO	154,260	$2.104M	0.8%	$9.28	—	SP ADR NON VTG	71654V101
PBR	PETROLEO BRASILEIRO SA PETRO	132,846	$1.925M	0.7%	$10.65	—	SPONSORED ADR	71654V408
EFV	ISHARES TR	35,700	$1.894M	0.7%	$46.27	—	EAFE VALUE ETF	464288877
EWJ	ISHARES INC	23,500	$1.604M	0.6%	$57.56	—	MSCI JPN ETF NEW	46434G822
ABEV	AMBEV SA	616,839	$1.265M	0.5%	$2.75	—	SPONSORED ADR	02319V103
SCHH	SCHWAB STRATEGIC TR	39,400	$787K	0.3%	$32.23	—	US REIT ETF	808524847
BSBR	BANCO SANTANDER BRASIL S A	157,930	$780K	0.3%	$5.37	—	ADS REP 1 UNIT	05967A107
XLE	SELECT SECTOR SPDR TR	8,000	$729K	0.3%	$68.46	—	ENERGY	81369Y506
VDE	VANGUARD WORLD FDS	5,300	$676K	0.3%	$88.49	—	ENERGY ETF	92204A306
NLY	ANNALY CAPITAL MANAGEMENT IN	35,000	$667K	0.2%	$19.11	—	COM NEW	035710839
XP	XP INC	37,068	$652K	0.2%	$18.82	+9.7%	CL A	G98239109
AXIA	CENTRAIS ELETRICAS BRASILEIR	100,104	$644K	0.2%	$7.60	—	SPONSORED ADR	15234Q207
SUZ	SUZANO S A	58,835	$604K	0.2%	$8.98	—	SPON ADS	86959K105
VIV	TELEFONICA BRASIL SA	72,375	$594K	0.2%	$7.25	—	NEW ADR	87936R205
VTV	VANGUARD INDEX FDS	3,350	$537K	0.2%	$97.48	—	VALUE ETF	922908744
BBD	BANCO BRADESCO S A	187,900	$421K	0.2%	$2.81	—	BANCO BRADESCO-ADR	059460303
SBS	COMPANHIA DE SANEAMENTO BASI	28,680	$386K	0.1%	$10.48	—	SPONSORED ADR	20441A102
EMB	ISHARES TR	4,300	$380K	0.1%	$96.74	—	JPMORGAN USD EMG	464288281
TIMB	TIM S A	20,350	$291K	0.1%	$11.86	—	SPONSORED ADR	88706T108
GGB	GERDAU SA	86,242	$285K	0.1%	$5.02	—	SPON ADR REP PFD	373737105
SCHP	SCHWAB STRATEGIC TR	5,000	$260K	0.1%	$62.00	—	US TIPS ETF	808524870
CIG	CIA ENERGETICA DE MINAS GERA	147,547	$260K	0.1%	$2.01	—	SP ADR N-V PFD	204409601
STNE	STONECO LTD	18,540	$222K	0.1%	$11.81	—	COM CL A	G85158106
—	BRF SA	46,008	$187K	0.1%	$1.50	—	SPONSORED ADR	10552T107
CSAN	COSAN S A	19,080	$186K	0.1%	$12.75	—	ADS	22113B103
UGP	ULTRAPAR PARTICIPACOES SA	46,700	$183K	0.1%	$2.49	—	SP ADR REP COM	90400P101
EWM	ISHARES INC	7,500	$168K	0.1%	$32.40	—	MSCI MLY ETF NEW	46434G814
VNQI	VANGUARD INTL EQUITY INDEX F	3,600	$146K	0.1%	$42.78	—	GLB EX US ETF	922042676
SID	COMPANHIA SIDERURGICA NACION	55,740	$128K	0.0%	$2.83	—	SPONSORED ADR	20440W105
BAK	BRASKEM S A	17,230	$111K	0.0%	$8.79	—	SP ADR PFD A	105532105