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        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteDescription>Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and that are Made or Amended in the Course of the AGM</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>302585.000000</sharesVoted>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>302585.000000</sharesVoted>
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        <categoryType>CAPITAL STRUCTURE</categoryType>
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        <sharesVoted>302585.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US71654V4086</isin>
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    <voteDescription>Fix Number of Directors at 11</voteDescription>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>302585.000000</sharesVoted>
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        <categoryType>COMPENSATION</categoryType>
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        <sharesVoted>302585.000000</sharesVoted>
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    <voteDescription>Elect Marcio Ellery Girao Barroso as Director Appointed by Minority Shareholder</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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        <categoryType>COMPENSATION</categoryType>
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    <vote>
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        <howVoted>ABSTAIN</howVoted>
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    <voteDescription>In Case Neither Class of Shares Reaches the Minimum Quorum Required by the Brazilian Corporate Law to Elect a Board Representative in Separate Elections, Would You Like to Use Your Votes to Elect the Candidate with More Votes to Represent Both Classes?</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>302585.000000</sharesVoted>
        <managementRecommendation>NONE</managementRecommendation>
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    <voteDescription>Elect Directors</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteDescription>In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate?</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <vote>
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      <voteCategory>
        <categoryType>SHAREHOLDER RIGHTS AND DEFENSES</categoryType>
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        <sharesVoted>302585.000000</sharesVoted>
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    <voteDescription>In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below?</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>302585.000000</sharesVoted>
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    <vote>
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        <sharesVoted>302585.000000</sharesVoted>
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    <isin>US71654V4086</isin>
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    <voteDescription>Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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        <sharesVoted>302585.000000</sharesVoted>
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    <voteDescription>Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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        <sharesVoted>302585.000000</sharesVoted>
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    <voteDescription>Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabello Filho as Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>302585.000000</sharesVoted>
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    <vote>
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        <sharesVoted>302585.000000</sharesVoted>
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    <meetingDate>04/16/2026</meetingDate>
    <voteDescription>Percentage of Votes to Be Assigned - Elect Fabio Henrique Bittes Terra as Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>302585.000000</sharesVoted>
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    <vote>
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        <howVoted>ABSTAIN</howVoted>
        <sharesVoted>302585.000000</sharesVoted>
        <managementRecommendation>NONE</managementRecommendation>
      </voteRecord>
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    <isin>US71654V4086</isin>
    <meetingDate>04/16/2026</meetingDate>
    <voteDescription>Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>302585.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ABSTAIN</howVoted>
        <sharesVoted>302585.000000</sharesVoted>
        <managementRecommendation>NONE</managementRecommendation>
      </voteRecord>
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    <isin>US71654V4086</isin>
    <meetingDate>04/16/2026</meetingDate>
    <voteDescription>Percentage of Votes to Be Assigned - Elect Marcelo Weick Pogliese as Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>302585.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ABSTAIN</howVoted>
        <sharesVoted>302585.000000</sharesVoted>
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    <voteDescription>Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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        <sharesVoted>302585.000000</sharesVoted>
        <managementRecommendation>NONE</managementRecommendation>
      </voteRecord>
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    <isin>US71654V4086</isin>
    <meetingDate>04/16/2026</meetingDate>
    <voteDescription>Percentage of Votes to Be Assigned - Elect Ricardo Baldin as Independent Director</voteDescription>
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        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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        <howVoted>ABSTAIN</howVoted>
        <sharesVoted>302585.000000</sharesVoted>
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    <isin>US71654V4086</isin>
    <meetingDate>04/16/2026</meetingDate>
    <voteDescription>Percentage of Votes to Be Assigned - Elect Jose Joao Abdalla Filho as Independent Director</voteDescription>
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    <vote>
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        <sharesVoted>302585.000000</sharesVoted>
        <managementRecommendation>NONE</managementRecommendation>
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    <cusip>71654V408</cusip>
    <isin>US71654V4086</isin>
    <meetingDate>04/16/2026</meetingDate>
    <voteDescription>Percentage of Votes to Be Assigned - Elect Marcelo Gasparino da Silva as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>302585.000000</sharesVoted>
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    <vote>
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    <voteDescription>Percentage of Votes to Be Assigned - Elect Mauro Rodrigues da Cunha as Independent Director</voteDescription>
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    <vote>
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        <howVoted>FOR</howVoted>
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        <managementRecommendation>NONE</managementRecommendation>
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    <isin>US71654V4086</isin>
    <meetingDate>04/16/2026</meetingDate>
    <voteDescription>Approve Classification of Jose Fernando Coura as Independent Director</voteDescription>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>302585.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US71654V4086</isin>
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    <voteDescription>Approve Classification of Renato Campos Galuppo as Independent Director</voteDescription>
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    <vote>
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