DYBRA Classe de Investimento em Ações – Responsabilidade Limitada
Investment Goals
The objective of the Class is to provide its participants with real appreciation of their units over the medium to long term, by investing its net assets in units of the Dynamo Cougar Master Financial Investment Fund (“Master Class”), also administered and managed by the Manager, in compliance with applicable legal and regulatory limits.
Investment Policy
The Class will seek to allocate a minimum of 95% of its net asset value to interests in the Dynamo Cougar Master Fundo de Investimento Financeiro (CNPJ No. 37.916.879/0001-26), which is also administered and managed by DYNAMO (the “Master Class”).
The Master Class, in turn, will invest no less than 67% of its net asset value in equity securities and/or equity-based instruments whose primary risk driver is share-price volatility of stocks admitted for trading on a recognized stock exchange or organized over-the-counter market, in accordance with applicable legal and regulatory limits. The remaining portion may be deployed in any financial instruments or investment structures permitted under applicable regulation.
* See detailed description in the bylaw.
Target Public
The Class is intended for a restricted group of qualified investors, as defined under the applicable regulations, who are: a)Partners, officers or employees of Dynamo and/or any companies affiliated with, associated to, controlled by, under common control with, or otherwise part of the same economic group; b) Spouses, domestic partners or direct descendants (first degree) of the persons described in (1); or c) Funds and/or investment vehicles in which the persons described in (1) hold 75% or more of the total issued and paid-up shares.
Key Risk Factors
Due to the high concentration of the Class’s investments in the Master Class, the risk factors of the Class are predominantly the same as those of the Master Class. Among the main risk factors of the Class are:
- Capital Loss Risk: The investment strategies employed by the Class and the Master Class may result in significant capital losses for their unitholders, including the total loss of invested capital.
- Market Risk: Fluctuations in the prices and quotations of assets may negatively impact the net asset value of the Class and the Master Class.
- Liquidity Risk: A decrease in demand for the Master Class’s assets may prevent the Class from efficiently meeting its obligations and lead to significant losses when trading these assets.
- Concentration Risk: The portfolios of the Class and the Master Class may be concentrated in assets issued by a limited number of issuers, which can increase exposure to issuer-specific risks and cause volatility in unit prices.
- Derivatives Risk: The use of derivative strategies as part of the investment policy may result in significant capital losses for unitholders of the Master Class and, consequently, for unitholders of the Class.
- Credit Risk: The Class and the Master Class are exposed to the risk of default by counterparties and issuers of the assets, which may result in loss of income and invested capital. Changes in the financial, economic, or political conditions of issuers may significantly affect asset prices and liquidity.
For a comprehensive assessment, we recommend reviewing the fund’s full Regulation, where detailed information on all risk factors is available.
