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	525,023	$249,548,682	8.2%
2.	Fomento Economico Mexicano S	FMX	2,003,012	$249,543,777	8.2%
3.	Itau Unibanco Hldng-Pref Adr	ITUB	30,660,827	$204,670,824	6.73%
4.	Vale S A	VALE	10,989,350	$174,950,452	5.75%
5.	Banco Bradesco S A	BBD	37,096,308	$131,691,894	4.33%