ITAU USA ASSET MANAGEMENT INC. Information

767 FIFTH AVENUE, 50TH FLOOR, NEW YORK, New York, 10153, (212) 710-6714

Report Date: 03/31/2015

Position Statistics

Total Positions 71
New Positions 5
Increased Positions 23
Decreased Positions 48
Positions with Activity 71
Sold Out Positions 38
Total Mkt Value (in $ millions) 349

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 1.09%
Capital Goods 4.87%
Conglomerates 0.9%
Consumer Cyclical 0%
Consumer/Non-Cyclical 8.47%
Energy 4.28%
Financial 55.6%
Healthcare 0%
Services 15.17%
Technology 0%
Transportation 2.45%
Utilities 2.64%

71 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 42,921 1,942 4.74 3,832,251
SPDR S&P 500 ETF TR TR UNIT 41,174 3,027 7.94 198,613
BANCO BRADESCO S A SP ADR PFD NEW 25,648 -4,145 (13.91) 2,757,845
ISHARES TR 20+ YR TR BD ETF 25,298 653 2.65 218,088
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 22,750 2,553 12.64 419,203
GRUPO TELEVISA SA SPON ADR REP ORD 18,552 1,173 6.75 474,590
AMERICA MOVIL SAB DE CV SPON ADR L SHS 16,532 -5,783 (25.92) 783,861
FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS 16,170 -7,912 (32.86) 179,050
CEMEX SAB DE CV SPON ADR NEW 15,603 2,653 20.49 1,703,364
ISHARES TR 7-10 Y TR BD ETF 15,186 4,530 42.51 145,088
BRF SA SPONSORED ADR 13,398 670 5.27 639,523
ISHARES MSCI JAPAN ETF 12,460 5,839 88.18 965,908
AMBEV SA SPONSORED ADR 9,072 -447 (4.69) 1,477,567
COMPANHIA BRASILEIRA DE DISTRB SPN ADR PFD CL A 8,654 2,504 40.72 366,075
TELEFONICA BRASIL SA SPONSORED ADR 7,231 96 1.34 505,305
AVIANCA HLDGS SA SPON ADR REP PFD 6,708 347 5.46 674,179
EMPRESA NACIONAL DE ELCTRCIDAD SPONSORED ADR 6,349 -685 (9.74) 153,240
PETROLEO BRASILEIRO SA PETROBR SP ADR NON VTG 5,535 -10,939 (66.4) 697,931
YPF SOCIEDAD ANONIMA SPON ADR CL D 5,196 -639 (10.95) 189,500
GRUPO AEROPORTUARIO DEL SUREST SPON ADR SER B 4,504 4,504 New 31,445