Instuitional Investor - Itau Unibanco Holding S.a.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	448,878	$299,033,704	9.97%
2.	Vanguard Index Fds - S&P 500 ETF SHS		336,485	$206,056,730	6.87%
3.	Itau Unibanco Hldng-Pref Adr	ITUB	22,672,324	$166,414,858	5.55%
4.	Banco Bradesco S A	BBD	36,088,332	$121,978,562	4.07%
5.	Credicorp Ltd	BAP	447,388	$119,130,477	3.97%