ISHARES INC

Ticker: IEMG CUSIP: 46434G103 Class: CORE MSCI EMKT

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

Note: Option positions (PUT/CALL) are excluded.

Q1 2021

Shares 97,548 Value ($000) $6,278,189 Avg Close — Range —

Q4 2020

Shares 97,548 Value ($000) $6,052 Avg Close — Range —

Q3 2020

Shares 55,960 Value ($000) $2,955 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2021	97,548	$6,278,189	—	—
Q4 2020	97,548	$6,052	—	—
Q3 2020	55,960	$2,955	—	—