TNAD FIC FIA
Investment Objectives
The objective of the FUND is to provide its shareholders with an appreciation of their shares over the long term, investing at least 95% of its net asset in shares of DYNAMO COUGAR MASTER FUNDO DE INVESTIMENTO EM AÇÕES (“MASTER FUND”), which is also managed by Dynamo, subject to the prevailing legal and regulatory restrictions.
Investment Policy
The FUND will invest, up to 100% of its net assets in shares of the MASTER FUND. The MASTER FUND adopts exclusively, as an investment philosophy for managing stocks, a fundamental-based analysis, seeking, through an active attitude towards the companies, consistent medium and long term results with low volatility and little concern for immediate liquidity.
Prospective Clients
The FUND is destined, exclusively to a group of qualified investors (a category defined by CVM’s bylaws). More details can be found in the Fund’s bylaws.
Risk Profile
Due to the high concentration of the FUND’s investments in shares of the MASTER FUND, the risks of the FUND are, predominantly, the same as the MASTER FUND. In regard to the MASTER FUND’s portfolio risk, the method used is mainly bottom-up, emphasizing the risk of each asset. Additionally, the ADMINISTRATOR also considers issues like the diversification of subjacent sectors and its implications on the portfolio’s concentration.
Technical Information
Minimum investment: R$ 100,000.00
Minimum Additional Investment and Redemption: R$ 5,000.00
Investment NAV: The subscription will be converted using the NAV of the next business day following the date of the investment (T+1).
Redemption Conditions: The withdrawal will be converted using the share value of the thirtieth business day following the “Withdrawal request” (T+30), or, if the thirtieth day was a non-business day, it will be converted on the next business day following the thirtieth day. The financial settlement of the withdrawal will occur 2 business days after the conversion (T+2).
Lock-up period: None
Management Fee: 1,85% per year + 0,10%
15 % of what exceeds IPCA + IMAB* (please refer to the by-laws for a more detailed explanation).
Adjustment of Performance Fee: None
Income Tax: 15% of the nominal gain for Brazilian taxed investors and 10% for foreign investors incorporated in a non-tax heavens.
Auditor: KPMG Auditores Independentes
Administrator: Dynamo Administração de Recursos Ltda
Manager: Dynamo Administração de Recursos Ltda
Inception date 15/08/2005
Documents (only in Portuguese)
Manual de Precificação Bradesco
Information on this website is for reference only and is not intended to distribute investment funds or to be used as a framework for taking investment decisions. Investment funds do not have any insurance mechanism and aren’t guaranteed by the fund administrator, portfolio manager or the FGC (“Fundo Garantidor de Crédito”, Brazil’s credit guarantee fund). Past performance is not an indicator or a guarantee of future results. Careful reading of the fund’s bylaws is recommended to investors. Fund shares are distributed by Banco Brasdesco S.A. Ombudsman contact for Banco Brasdesco S.A.: 0800 727 9933 / ANBIMA’S “how to invest”(www.comoinvestir.com.br). Investor Assistance +55 (21) 2512-9394
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