Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
47
Top-10 weight
55.49%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
23
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
177.4
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | Vale S.A. SPONS ADS REPR 1 COM NPV | VALE US | 23,546,951 | $374.63M | 8.83% |
| 2 | NU Holdings Ltd/Cayman Islands | — | 25,104,297 | $360.75M | 8.50% |
| 3 | ITAU UNIBANCO HLDG SA SPON ADR | — | 35,520,064 | $297.66M | 7.02% |
| 4 | PETROLEO BRASIL-SP PREF ADR DEPOSITARY RECEIPT | PBR/A | 14,485,027 | $271.59M | 6.40% |
| 5 | PETROLEO BRASILEIRO SPONS ADR | — | 12,217,709 | $253.52M | 5.98% |
| 6 | GRUPO MEXICO-B | — | 20,448,673 | $218.96M | 5.16% |
| 7 | GRUPO F BANORT-O | — | 15,886,506 | $176.19M | 4.15% |
| 8 | Credicorp Ltd | — | 446,237 | $151.35M | 3.57% |
| 9 | AMERICA MOVIL-B | — | 118,665,787 | $150.82M | 3.56% |
| 10 | BRADESCO-ADR | BBD | 34,725,589 | $126.75M | 2.99% |
| 11 | B3 SA | — | 34,583,480 | $122.85M | 2.90% |
| 12 | FOMENTO ECON-UBD | — | 11,115,572 | $122.73M | 2.89% |
| 13 | CEMEX SAB-CPO | — | 99,402,678 | $113.97M | 2.69% |
| 14 | WALMART DE MEXIC | — | 31,794,580 | $103.24M | 2.43% |
| 15 | Itausa S.A., Preference Shares | ITSA4 BZ | 38,181,648 | $103.05M | 2.43% |
| 16 | WEG SA | — | 9,646,870 | $95.00M | 2.24% |
| 17 | SABESP | — | 3,101,287 | $94.74M | 2.23% |
| 18 | Southern Copper Corporation COM USD0.01 | SCCO US | 542,448 | $93.33M | 2.20% |
| 19 | BANCO DO BRASIL | — | 18,816,308 | $83.55M | 1.97% |
| 20 | American Beverage Co Ambev | ABEV | 27,945,490 | $81.60M | 1.92% |
| 21 | Sociedad Quimica y Minera de Chile S A ADR(REPR 1 PRF SER'B') | SQM US | 937,845 | $75.91M | 1.79% |
| 22 | AXIA ENERGIA | — | 5,994,370 | $67.77M | 1.60% |
| 23 | GRUPO AEROPORTUARIO PAC-ADR 0.00000000 | PAC | 267,930 | $66.14M | 1.56% |
| 24 | BlackRock Cash Funds: Institutional, SL Agency Shares | BISXX | 64,333,686 | $64.35M | 1.52% |
| 25 | BANCO DE CHILE | — | 305,140,103 | $55.38M | 1.31% |
| 26 | Grupo Cibest SA SPON ADS | CIB US | 731,278 | $53.24M | 1.26% |
| 27 | LOCALIZA RENT A CAR SA | — | 5,687,388 | $51.58M | 1.22% |
| 28 | Rede D Or Sao Luiz SA COM NPV | RDOR3 | 6,614,555 | $49.76M | 1.17% |
| 29 | LATAM AIRLINES GRP. SA | LFLCF | 1,659,107,773 | $40.94M | 0.97% |
| 30 | TELEFONICA BRASIL S.A. PREF ADR | VIV US | 2,436,590 | $38.77M | 0.91% |
| 31 | ARCA CONTINENTAL | — | 3,233,787 | $37.30M | 0.88% |
| 32 | Banco Santander Chile SA ADR | BSAC US | 1,020,907 | $34.10M | 0.80% |
| 33 | FALABELLA SA | — | 5,436,686 | $33.28M | 0.78% |
| 34 | GERDAU SA -SPON ADR DEPOSITARY RECEIPT | GGB | 8,425,701 | $30.42M | 0.72% |
| 35 | GRUPO BIMBO-A | — | 9,045,556 | $30.33M | 0.72% |
| 36 | TRUST FIBRA UNO REIT | FUNO11 | 18,024,406 | $29.34M | 0.69% |
| 37 | Grupo Carso SAB de CV, Series A1 | GCARSOA1 | 3,536,758 | $26.56M | 0.63% |
| 38 | ECOPETROL-SP ADR | EC | 1,620,347 | $24.29M | 0.57% |
| 39 | ISA SA | — | 2,911,807 | $22.19M | 0.52% |
| 40 | CENCOSUD SA | — | 8,107,122 | $22.13M | 0.52% |
| 41 | EMPRESAS COPEC | — | 2,398,981 | $16.61M | 0.39% |
| 42 | BlackRock Cash Funds: Treasury, SL Agency Shares | — | 11,378,454 | $11.38M | 0.27% |
| 43 | ENEL AMERICAS SA | — | 120,857,985 | $10.35M | 0.24% |
| 44 | FX Forward Contract: CLP/USD SETTLE 2026-01-22 | — | 2,427,579,942 | $2.62M | 0.06% |
| 45 | MEXICAN NUEVO PESO | — | 23,647,626 | $1.32M | 0.03% |
| 46 | MEX BOLSA IDX FUT JUN26 | — | 222 | $261.82K | 0.01% |
| 47 | FX Forward Contract: BRL/USD SETTLE 2026-03-18 | — | 948,048 | $183.03K | 0.00% |
| 48 | MSCI BRAZIL IX FU JUN26 | — | 219 | -$153.00K | -0.00% |
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