TCEP Fundo de Investimento em Ações
The objective of the FUND is the appreciation of its shares in the long term, through asset allocation in a diversified portfolio of equity investments. The main risk is the variation in the price of the stocks that are negotiated in the stock exchange or in organized over the counter markets. These operations are subject to legal and bylaw limitations.
The objective of the FUND is the appreciation of its shares in the long term, through asset allocation in a diversified portfolio of equity investments. The main risk is the price fluctuation of assets being traded on the stock exchange and on organized over the counter markets. We run this risk when investing in companies that the ADMINISTRATOR believes to have good return prospects.
The FUND is destined, exclusively, to qualified investors, a category defined by CVM’s bylaws, specifically the 409th Instruction, from August 18th, 2004, and subsequent alterations (“ICVM 409”).
The ADMINISTRATOR’S risk assessment is present throughout the whole decision-making process. The risk of a particular asset is not determined numerically, through the precise definition of the variance of return around the average. It is incorporated throughout the fundamental analysis process. In regards to measuring the portfolio risk, the method used is mainly, 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. Additionally, liquidity risk is regularly monitored by the ADMINISTRATOR by settlement testing, however, a lower liquidity does not necessarily change the fundamentals and intrinsic value of the invested assets and is not a decisive factor for investment or divestment.
Minimum investment: R$ 1.000.000,00
Minimum Additional Investment and Redemption: R$ 50.000,00
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: Subject to a lock-up period, the shares can be redeemed on the last business day of the months of February, April, June, August, October or December (each date in which a share may be redeemed is herein referred to as a “Withdrawal Date”) by giving no less than 90 days prior written notice to the Manager. Please refer to the fund’s by-laws for all the details.
Lock-up period: 24 months for each subscription.
Management Fee: 1,50% per year
Performance fee: 20% of what exceeds of IPCA + * IMAB. * See detailed description in regulation.
Adjustment of Performance Fee: It will be charged upon redemption an adjustment of performance, provided that the conditions of the specific fund rules.
Income Tax: 15% of the nominal gain for Brazilian taxed investors and 10% for foreign investors incorporated in non-tax heavens.
Auditor: KPMG Auditores Independentes
Administrator: Dynamo Administração de Recursos Ltda
Manager: Dynamo Administração de Recursos Ltda
Inception date 11/07/2013