ASCESE Classe de Investimento em Ações – Responsabilidade Limitada

The objective of the Class is to provide its participants with real appreciation of their shares over the medium and long term by investing in a diversified portfolio of securities, with the principal risk factor being the price fluctuations of shares admitted to trading on the spot market of a stock exchange or an organized over-the-counter market entity, in compliance with applicable legal and regulatory limitations.

The objective of the Class is to achieve medium- and long-term appreciation of its shares, with the principal risk factor being the price fluctuations of shares admitted to trading on the spot market of a stock exchange or an organized over-the-counter market entity. This is pursued through an investment policy focused on securities issued by companies selected on the basis of fundamental analysis and deemed by the Manager to offer strong profitability prospects, in compliance with the limitations set forth in the Regulation and applicable legal and regulatory provisions. The Class may also make investments abroad, subject to the limits and restrictions established by prevailing law.

The Class will invest at least 67% of its net assets in variable-income financial instruments and/or operational modalities whose principal risk factor is the price fluctuation of shares admitted to trading on the spot market of a stock exchange or of an organized over-the-counter market entity, in accordance with applicable legal and regulatory limitations. The remaining portion may be invested in any financial instruments and/or operational modalities permitted by the regulations.

* See detailed description in the bylaws.

The Class is intended for professional investors, as defined by current regulations.

The Administrator’s risk-evaluation and management process permeates every stage of investment decision-making. An asset’s risk is not defined numerically by a precise metric, but is treated as an integral variable throughout the fundamental-analysis process. With respect to portfolio risk measurement, the methodology is primarily bottom-up, placing emphasis on the specific risk analysis of each individual holding. Additionally, the Administrator considers sectoral diversification issues and their implications for portfolio concentration.

The principal risk factors of the Class include:

• Risco de Perdas Patrimoniais: As estratégias de investimento empregadas pela Classe e pela Classe Master podem resultar em significativas perdas patrimoniais para seus Cotistas, inclusive a perda total do capital aportado.
• Risco de Mercado: Variações nos preços e cotações dos ativos podem impactar negativamente o patrimônio da Classe e da Classe Master.
• Risco de Liquidez: A redução de demanda pelos ativos da Classe Master pode impedir que a classe honre eficientemente suas obrigações e gerar perdas significativas na negociação dos ativos.
• Risco de Concentração: A carteira da Classe e da Classe Master podem estar concentrada em ativos de poucos emissores, o que pode aumenta a exposição a riscos específicos e ocasionar volatilidade no valor das cotas.
• Risco de Derivativo: A utilização de estratégias com derivativos como parte integrante da política de investimento pode resultar em significativas perdas patrimoniais para os cotistas da Classe Master e, consequentemente, aos Cotistas da Classe.
• Risco de Crédito: A Classe e a Classe Master estão expostas ao risco de inadimplência das contrapartes e emissores dos ativos , o que pode resultar em perda de rendimentos e do capital investido. Mudanças nas condições financeiras, econômicas ou políticas dos emissores podem afetar significativamente os preços e a liquidez dos ativos.

Para uma avaliação completa, sugerimos a leiutura do regulamento do fundo onde poderá encontrar informações detalhadas.