{"id":4240,"date":"2025-06-24T09:05:55","date_gmt":"2025-06-24T12:05:55","guid":{"rendered":"https:\/\/www.dynamo.com.br\/1235-fif\/"},"modified":"2025-08-29T10:49:43","modified_gmt":"2025-08-29T13:49:43","slug":"1235-fif","status":"publish","type":"page","link":"https:\/\/www.dynamo.com.br\/en\/1235-fif\/","title":{"rendered":"1235 FIF"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1365px;margin-left: calc(-5% \/ 2 );margin-right: calc(-5% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-1{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-1{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h1 class=\"title-heading-center\" style=\"margin:0;\">1235 Classe de Investimento em A\u00e7\u00f5es &#8211; Responsabilidade Limitada<\/h1><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#ededed;border-top-width:1px;\"><\/div><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 2.375%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 2.375%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1365px;margin-left: calc(-5% \/ 2 );margin-right: calc(-5% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-2{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-2{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Investment Goals<\/h4><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:20px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#ededed;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: justify;\">The objective of the Class is to provide its participants with real appreciation of their shares over the medium and long term by investing its net assets in shares of the Dynamo Cougar Master Financial Investment Fund (\u201cMaster Class\u201d), which is likewise administered and managed by the Administrator, in compliance with applicable legal and regulatory limitations.<\/p>\n<\/div><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-3{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-3{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Investment Policy<\/h4><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:20px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#ededed;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-2\"><p>The Class will seek to invest at least 95% of its net assets in shares of Dynamo Cougar Master Fundo de Investimento Financeiro (&#8220;Master Class&#8221;), registered under CNPJ No. 37.916.879\/0001-26, which is also administered and managed by DYNAMO.<\/p>\n<p>The Master Class, in turn, 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 applied in any financial instruments and\/or operational modalities permitted by the regulations.<\/p>\n<p>*See detailed description in the bylaws<\/p>\n<\/div><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-4{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-4{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Target Public<\/h4><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:20px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#ededed;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-3\"><p style=\"text-align: justify;\">The Class is intended for certain qualified investors, as defined under the applicable regulations and specificed in the Class&#8217; appendix.<\/p>\n<\/div><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-5{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-5{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Key Risk Factors<\/h4><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:20px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#ededed;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-4\"><p data-start=\"0\" data-end=\"195\">Due to the high concentration of the Class\u2019s investments in the Master Class, the Class\u2019s risk profile mirrors that of the Master Class. Among the principal risk factors affecting the Class are:<\/p>\n<p>&nbsp;<\/p>\n<ul data-start=\"197\" data-end=\"1471\">\n<li data-start=\"197\" data-end=\"411\">\n<p data-start=\"199\" data-end=\"411\"><strong data-start=\"199\" data-end=\"220\">Capital-Loss Risk<\/strong>: The investment strategies deployed by the Class and the Master Class may expose unit-holders to substantial capital losses, up to and including the complete erosion of invested principal.<\/p>\n<\/li>\n<li data-start=\"412\" data-end=\"570\">\n<p data-start=\"414\" data-end=\"570\"><strong data-start=\"414\" data-end=\"429\">Market Risk<\/strong>: Adverse movements in asset prices and market quotations can materially reduce the net asset value of both the Class and the Master Class.<\/p>\n<\/li>\n<li data-start=\"571\" data-end=\"777\">\n<p data-start=\"573\" data-end=\"777\"><strong data-start=\"573\" data-end=\"591\">Liquidity Risk<\/strong>: A decline in demand for Master Class securities may impair the Class\u2019s ability to meet its obligations in an orderly fashion, potentially resulting in significant transaction losses.<\/p>\n<\/li>\n<li data-start=\"778\" data-end=\"982\">\n<p data-start=\"780\" data-end=\"982\"><strong data-start=\"780\" data-end=\"802\">Concentration Risk<\/strong>: Holdings of the Class and the Master Class may be heavily weighted toward a limited number of issuers, amplifying idiosyncratic exposures and driving heightened NAV volatility.<\/p>\n<\/li>\n<li data-start=\"983\" data-end=\"1179\">\n<p data-start=\"985\" data-end=\"1179\"><strong data-start=\"985\" data-end=\"1004\">Derivative Risk<\/strong>: The use of derivative instruments as part of the investment policy may lead to outsized losses for Master Class participants and, by extension, for investors in the Class.<\/p>\n<\/li>\n<li data-start=\"1180\" data-end=\"1471\">\n<p data-start=\"1182\" data-end=\"1471\"><strong data-start=\"1182\" data-end=\"1197\">Credit Risk<\/strong>: Both the Class and the Master Class are subject to counterparty and issuer default risk, which may erode income and invested capital. Material changes in the financial, economic or political standing of issuers can significantly impair asset valuations and marketability.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p data-start=\"1473\" data-end=\"1595\" data-is-last-node=\"\" data-is-only-node=\"\">For a comprehensive assessment, please refer to the fund\u2019s bylaws, where detailed disclosures and mitigants are set forth.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-1{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-1 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 2.375%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 2.375%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch\" style=\"max-width:1365px;margin-left: calc(-5% \/ 2 );margin-right: calc(-5% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-6{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-6{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Minimum Investment<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-5\" style=\"font-size:14px;color:#ffffff;\"><p>R$ 1,000,000<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-2{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-2{width:33.333333333333% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-2{width:100% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-7{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-7{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Minimum Transaction Amount<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-6\" style=\"font-size:14px;color:#ffffff;\"><p>R$ 100,000<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-3{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-3 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-3{width:33.333333333333% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-3{width:100% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-8{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-8{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Administration Fee<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-7\" style=\"font-size:14px;color:#ffffff;\"><p>1.90% per year in the Fund + 0.10% per year in the MASTER CLASS<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-4{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-4 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-4{width:33.333333333333% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-9{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-9{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Performance Fee<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-8\" style=\"font-size:14px;color:#ffffff;\"><p>15% of what exceeds IPCA + IMA-B*.<\/p>\n<p>*See detailed description in the bylaws.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-5{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-5 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-5{width:33.333333333333% !important;order : 0;}.fusion-builder-column-5 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-5{width:100% !important;order : 0;}.fusion-builder-column-5 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-10{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-10{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Performance Adjustment<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-9\" style=\"font-size:14px;color:#ffffff;\"><p>A fee may be levied on each subscription if the subscription share price is lower than the performance hurdle price (see the bylaws for a detailed description).<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-6{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-6 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-6{width:33.333333333333% !important;order : 0;}.fusion-builder-column-6 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-6{width:100% !important;order : 0;}.fusion-builder-column-6 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-11{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-11{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Income Tax<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-10\" style=\"font-size:14px;color:#ffffff;\"><p>15% on nominal gains<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-7{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-7 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-7{width:33.333333333333% !important;order : 0;}.fusion-builder-column-7 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-7{width:100% !important;order : 0;}.fusion-builder-column-7 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-12{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-12{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-12 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Lock-Up Period per Subscription<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-11\" style=\"font-size:14px;color:#ffffff;\"><p>12-month lock-up or a 3% liquidity fee for redemptions during this period.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-8{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-8 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-8{width:33.333333333333% !important;order : 0;}.fusion-builder-column-8 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-8{width:100% !important;order : 0;}.fusion-builder-column-8 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-13{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-13{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-13 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Subscription NAV<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-12\" style=\"font-size:14px;color:#ffffff;\"><p>When issuing shares, the Fund uses the value determined at the close of the first business day following the date on which investors\u2019 funds are actually made available.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-9{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-9 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-9{width:33.333333333333% !important;order : 0;}.fusion-builder-column-9 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-9{width:100% !important;order : 0;}.fusion-builder-column-9 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-14{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-14{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-14 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Redemption Conditions<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-13\" style=\"font-size:14px;color:#ffffff;\"><p>Redemptions will be effected at the NET asset value share price determined at the close of the 30th calendar day following receipt of the redemption request\u2014or, if that day is not a business day, at the close of the first subsequent business day\u2014and payment will be made two business days immediately following such conversion.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-10{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-10 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-10{width:33.333333333333% !important;order : 0;}.fusion-builder-column-10 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-10{width:100% !important;order : 0;}.fusion-builder-column-10 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-15{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-15{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-15 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Auditor<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-14\" style=\"font-size:14px;color:#ffffff;\"><p>KPMG Auditores Independentes<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-11{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-11 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-11{width:33.333333333333% !important;order : 0;}.fusion-builder-column-11 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-11{width:100% !important;order : 0;}.fusion-builder-column-11 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-16{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-16{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-16 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Administrator<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-15\" style=\"font-size:14px;color:#ffffff;\"><p>Dynamo Administra\u00e7\u00e3o de Recursos Ltda<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-12{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-12 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-12{width:33.333333333333% !important;order : 0;}.fusion-builder-column-12 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-12{width:100% !important;order : 0;}.fusion-builder-column-12 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-17{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-17{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-17 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Manager<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-16\" style=\"font-size:14px;color:#ffffff;\"><p>Dynamo Administra\u00e7\u00e3o de Recursos Ltda<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-13{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-13 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-13{width:33.333333333333% !important;order : 0;}.fusion-builder-column-13 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-13{width:100% !important;order : 0;}.fusion-builder-column-13 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-18{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-18{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-18 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">ANBIMA Category<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-17\" style=\"font-size:14px;color:#ffffff;\"><p>A\u00e7\u00f5es Livre.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-14{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-14 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-14{width:33.333333333333% !important;order : 0;}.fusion-builder-column-14 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-14{width:100% !important;order : 0;}.fusion-builder-column-14 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-flex-align-self-stretch\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-19{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-19{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-19 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Inception Date<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-18\" style=\"font-size:14px;color:#ffffff;\"><p>02\/09\/2022<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-15{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-15 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-15{width:33.333333333333% !important;order : 0;}.fusion-builder-column-15 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-15{width:100% !important;order : 0;}.fusion-builder-column-15 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-16 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-flex-align-self-stretch\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:6px 6px 6px 6px;background-color:#224078;border-width: 0 0 0 8px;border-color:#3463ba;border-style:solid;border-radius:6px 6px 6px 6px;overflow:hidden;box-shadow:1px 1px 3px 0px #c4c4c4;;padding: 0% 5% 0% 5%;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-20{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-20{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-20 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h5 class=\"title-heading-left\" style=\"margin:0;color:#ffffff;\">Risk Classification<\/h5><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#3463ba;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-19\" style=\"font-size:14px;color:#ffffff;\"><p>Aggressive<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-16{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-16 > .fusion-column-wrapper {padding-top : 0% !important;padding-right : 5% !important;margin-right : 7.125%;padding-bottom : 0% !important;padding-left : 5% !important;margin-left : 7.125%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-16{width:33.333333333333% !important;order : 0;}.fusion-builder-column-16 > .fusion-column-wrapper {margin-right : 7.125%;margin-left : 7.125%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-16{width:100% !important;order : 0;}.fusion-builder-column-16 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-3{ padding-top : 0px;margin-top : 0px;padding-right : 10px;padding-bottom : 40px;margin-bottom : 0px;padding-left : 10px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1365px;margin-left: calc(-5% \/ 2 );margin-right: calc(-5% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-17 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1177px) {.fusion-title.fusion-title-21{margin-top:10px!important; margin-right:0px!important;margin-bottom:15px!important;margin-left:0px!important;}}@media only screen and (max-width:700px) {.fusion-title.fusion-title-21{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-21 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:10px;margin-right:0px;margin-bottom:15px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\">Documents<\/h2><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:20px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#ededed;border-top-width:1px;\"><\/div><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-17{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-17 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 2.375%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 2.375%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-17{width:100% !important;order : 0;}.fusion-builder-column-17 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-17{width:100% !important;order : 0;}.fusion-builder-column-17 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-18 fusion_builder_column_1_2 1_2 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><ul class=\"fusion-checklist fusion-checklist-1 lista_doc\" style=\"font-size:16px;line-height:27.2px;\"><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#3463ba;font-size:14.08px;height:27.2px;width:27.2px;margin-right:11.2px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-file-pdf fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:38.4px;color:#595959;\">\n<p><a href=\"https:\/\/www.dynamo.com.br\/wp-content\/uploads\/2025\/04\/1.-1235-FIF-I-Regulamento-2025.05.02-final-cvm-site-1.pdf\" target=\"_blank\" rel=\"noopener\">Bylaws<\/a><\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#3463ba;font-size:14.08px;height:27.2px;width:27.2px;margin-right:11.2px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-file-pdf fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:38.4px;color:#595959;\">\n<p><a href=\"https:\/\/www.dynamo.com.br\/wp-content\/uploads\/2025\/04\/Bradesco-Manual-de-Aprecamento-31012025_v15.1.pdf\" target=\"_blank\" rel=\"noopener\">Bradesco Pricing Manual<\/a><\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#3463ba;font-size:14.08px;height:27.2px;width:27.2px;margin-right:11.2px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-file-pdf fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:38.4px;color:#595959;\">\n<p><a href=\"https:\/\/www.dynamo.com.br\/wp-content\/uploads\/2025\/07\/Politica-de-Voto-06.2025.pdf\" target=\"_blank\" rel=\"noopener\">Pol\u00edtica de Voto<\/a><\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#3463ba;font-size:14.08px;height:27.2px;width:27.2px;margin-right:11.2px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-file-pdf fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:38.4px;color:#595959;\">\n<p><a href=\"https:\/\/www.dynamo.com.br\/wp-content\/uploads\/2025\/08\/Demonstracao-de-Desempenho-ResCVM175_SupC_2025-06_1235-CIA.pdf\" target=\"_blank\" rel=\"noopener\">Performance Statement (Res. CVM175- Suplemento C)<\/a><\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#3463ba;font-size:14.08px;height:27.2px;width:27.2px;margin-right:11.2px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-file-pdf fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:38.4px;color:#595959;\">\n<p><a href=\"https:\/\/www.dynamo.com.br\/wp-content\/uploads\/2025\/06\/DFs-finais-1235-FIC-FIA-2025.pdf\" target=\"_blank\" rel=\"noopener\">Demonstra\u00e7\u00f5es Financeiras<\/a><\/p>\n<\/div><\/li><\/ul><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-18{width:50% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-18 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 4.75%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 4.75%;}@media only screen and (max-width:1177px) {.fusion-body .fusion-builder-column-18{width:50% !important;order : 0;}.fusion-builder-column-18 > .fusion-column-wrapper {margin-right : 4.75%;margin-left : 4.75%;}}@media only screen and (max-width:700px) {.fusion-body .fusion-builder-column-18{width:100% !important;order : 0;}.fusion-builder-column-18 > .fusion-column-wrapper {margin-right : 2.375%;margin-left : 2.375%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-4{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4240","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/pages\/4240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/comments?post=4240"}],"version-history":[{"count":23,"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/pages\/4240\/revisions"}],"predecessor-version":[{"id":5064,"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/pages\/4240\/revisions\/5064"}],"wp:attachment":[{"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/media?parent=4240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}