{"id":4374,"date":"2025-06-24T09:06:14","date_gmt":"2025-06-24T12:06:14","guid":{"rendered":"https:\/\/www.dynamo.com.br\/pedra-negra-fif\/"},"modified":"2025-08-29T10:49:28","modified_gmt":"2025-08-29T13:49:28","slug":"pedra-negra-fif","status":"publish","type":"page","link":"https:\/\/www.dynamo.com.br\/en\/pedra-negra-fif\/","title":{"rendered":"Pedra Negra 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;\">Pedra Negra 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 deliver long-term real appreciation of its shares by investing at least 95% of its net assets in 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<p>The Master Class shall invest no less than 67 % of its net asset value in equity securities and\/or equity\u2013linked investment strategies whose primary risk factor is the price fluctuation of shares traded on the cash segment of a stock exchange or on an organized over-the-counter market, in accordance with prevailing laws and regulations.<br \/>\nThe remaining balance may be allocated to any other financial instruments and\/or operational strategies permitted under the applicable regulatory framework.<\/p>\n<p>* See detailed description in the bylaw.<\/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 units of the investment class of the Dynamo Cougar Master Financial Investment Fund, registered under CNPJ No. 37.916.879\/0001-26, also administered and managed by DYNAMO (\u201cMaster Class\u201d).<\/p>\n<p>The Master Class, in turn, will invest at least 67% of its net assets in financial assets and\/or variable-income instruments whose primary risk factor is the price fluctuation of shares admitted to trading on the cash market of a stock exchange or organized over-the-counter market entity, subject to applicable legal and regulatory limits. The remaining percentage may be invested in any financial assets and\/or instruments permitted by regulation.<\/p>\n<p><em>See detailed description in the Bylaw.<\/em><\/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>The Class is intended for certain qualified investors, as defined in the applicable regulations in force and specified in the Class\u2019s annex.<\/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\"><div class=\"grid_8\">\n<p>Due to the high concentration of the Class\u2019s investments in the Master Class, the Class\u2019s risk factors are predominantly the same as those of the Master Class. Among the principal risk factors of the Class are:<\/p>\n<ul>\n<li><strong>Capital Loss Risk:<\/strong> 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.<\/li>\n<li><strong>Market Risk:<\/strong> Fluctuations in the prices and quotations of assets may negatively impact the net asset value of the Class and the Master Class.<\/li>\n<li><strong>Liquidity Risk:<\/strong> A reduction in demand for the Master Class\u2019s assets may prevent the Class from efficiently meeting its obligations and lead to significant losses when trading those assets.<\/li>\n<li><strong>Concentration Risk:<\/strong> The portfolios of the Class and the Master Class may be concentrated in assets from a small number of issuers, which can increase exposure to issuer-specific risks and cause volatility in unit prices.<\/li>\n<li><strong>Derivatives Risk:<\/strong> The use of derivative strategies as an integral part of the investment policy may result in significant capital losses for unitholders of the Master Class and, consequently, for unitholders of the Class.<\/li>\n<li><strong>Credit Risk:<\/strong> 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.<\/li>\n<\/ul>\n<p>For a comprehensive assessment, we recommend reading the fund\u2019s Bylaw, where detailed information is available.<\/p>\n<\/div>\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$ 100,000<\/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;\">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-7\" style=\"font-size:14px;color:#ffffff;\"><p>15% on nominal gains.<\/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;\">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-8\" style=\"font-size:14px;color:#ffffff;\"><p>There are none<\/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;\">Administration and Management 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-9\" style=\"font-size:14px;color:#ffffff;\"><p>1.90% per annum in the Fund + 0.10% per annum in the Master Class.<\/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;\">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-10\" style=\"font-size:14px;color:#ffffff;\"><p>15% of the amount exceeding IPCA + IMAB*.<\/p>\n<p><em>See detailed description in the Bylaw.<\/em><\/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;\">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-11\" 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 Regulation for a detailed description).<\/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>At unit issuance, the net asset value per unit determined on the first business day following the actual availability of funds entrusted by investors to the Fund (D+1) is applied.<\/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 of units will be effected at the net asset value per unit determined at the close of the 30th (thirtieth) day following receipt of the redemption request or, if that day is not a business day, on the first subsequent business day, and payment will be made within two (2) business days immediately after the 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;\">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-14\" style=\"font-size:14px;color:#ffffff;\"><p>A\u00e7\u00f5es Livre.<\/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;\">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-15\" style=\"font-size:14px;color:#ffffff;\"><p>KPMG Auditores Independentes<\/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;\">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-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;\">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-17\" 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-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>07\/27\/2021<\/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>07\/27\/2021<\/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\/11.-Pedra-Negra-FIF-I-Regulamento-2025.05.02-final-cvm-Site.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_Pedra-Negra-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\/01\/PEDRANEGRAFICFIA_DemonstracaoFinanceira-Out2024.pdf\" target=\"_blank\" rel=\"noopener\">Financial Statements &#8211; Oct 2024<\/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-4374","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/pages\/4374","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=4374"}],"version-history":[{"count":13,"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/pages\/4374\/revisions"}],"predecessor-version":[{"id":5061,"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/pages\/4374\/revisions\/5061"}],"wp:attachment":[{"href":"https:\/\/www.dynamo.com.br\/en\/wp-json\/wp\/v2\/media?parent=4374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}