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VERTRA FIC FIA

FUND DESCRIPTION

Vertra FIC FIA (domestic fund) is a predominantly long equity fund, which may occasionally take up short positions with the objective to generate absolute gains. The fund’s cash position is expected to fluctuate as a function of the portfolio´s attractiveness. Vertra FIC FIA was established in October 2013.

PROSPECTIVE CLIENTS

The Vertra FIC FIA fund is only available to “qualified” Brazilian investors, as defined by Instruction n. 409/04 of the Brazilian Securities and Exchange Commission (CVM).

GENERAL CHARACTERISTICS

Initial minimum investment:

R$ 15,000.00

Minimum balance:

R$ 15,000.00

Additional minimum investment or redemption:

 

R$ 10,000.00

Investment conversion:

1 day

Redemption conversion:

30 days, without exit fees

15 days subject to an exit fee of 8%, credited to the fund

Redemption payment:

3 days after conversion date

Cut-off time:

2pm (Brasilia time)

Management fee:

2% p.a.

Performance fee:

20% over IPCA + yield of "IMA-B 5+" * (paid semi-annually)

* IPCA is the Brazilian Broad Consumer Price Index. IMA-B 5+ is an ANBIMA index that comprises Brazilian Treasury Inflation Protected Securities (NTN-B's) maturing in more than five years. The yield used for performance benchmark will be updated at the beginning of every semester based on the arithmetic mean of the yields of the IMA-B 5+ portfolio NTN-B's for the 3-month period before the start of the semester. For the first half of 2018, Vertra FIC FIA is charging performance over IPCA + 5.17% per annum. 

Income tax:

15% over nominal gains for Brazilian taxed investors

Manager:

Vertra Capital Gestão de Recursos Ltda.

Administrator:

BNY Mellon DTVM Serviços Financeiros S.A.

Custodian:

BNY Mellon Banco S.A.

Auditor:

KPMG Auditores Independentes

ANBIMA Category:

"Ações Livre"


Scale Risk Profile

Investments in Vertra FIC FIA are considered to have an aggressive risk profile.

The Vertra FIC FIA fund´s investments are always subject to equity market fluctuations and conditions, which are mainly affected by political and national and international economic conditions. Considering that it is a medium- to long-term investment, there may be some fluctuation in the fund’s share price, including the possibility of losses greater than the invested capital and the consequent need for fund shareholders to make additional capital injections in order to cover any possible negative net worth of the fund.

Documents
Regulamento Vertra FIC FIA
Regulamento Vertra Institucional Master FIA
funds
Vertra Institucional FIC FIA
Investor Letters
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The tables and other information displayed on this website are merely informative, and do not represent the offering of a fund or recommendation to use this information in financial investments. THE FEATURED PROFITABILITY IS NOT PRESENTED NET OF TAXES. VERTRA CAPITAL DOES NOT DISTRIBUTE INVESTMENT FUNDS OR ANY OTHER SECURITY. None of the information or material on this website replaces the information on the fund prospectus or bylaws. The information herein presented is subject to changes at any time, without prior notice to clients. Although the information has been selected from reliable sources, Vertra Capital, its management and employees do not vouch for the accuracy, precision, integrity or truth of the information herein stated. Investors should not follow information presented on this website without professional guidance. INVESTMENT FUNDS DO NOT HAVE ANY INSURANCE MECHANISM AND ARE NOT GUARANTEED BY THE FUND ADMINISTRATOR, PORTFOLIO MANAGER OR THE FGC (“FUNDO GARANTIDOR DE CRÉDITO”, BRAZIL’S CREDIT GUARANTOR FUND). In accordance with ANBIMA regulation, in order to evaluate the performance of any fund, it is highly recommendable that potential investors consider, at least, 12 (twelve) months of past performance. PAST PERFORMANCE IS NOT AN INDICATOR OR A GUARANTEE OF FUTURE RESULTS. A careful reading of the fund’s bylaws and prospectus is recommended to investors, paying special attention to the clauses regarding the fund objective and investment policy, as well as the risk factors to which the fund is exposed. The investment fund mentioned on this website may adopt strategies with derivatives as part of its investment policy. Such strategies, if and as adopted, might cause significant losses for fund shareholders, losses that may be greater than the invested capital, with a possible consequent need for fund shareholders to make additional capital injections in order to cover any possible negative net worth of the fund.


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