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Select Year:
| 2012 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Returns | 0,96% | - | - | - | - | - | - | - | - | - | - | - | 0,96% |
| % CDI | 108% | - | - | - | - | - | - | - | - | - | - | - | 108% |
In accordance to Brazilian legislation, as per ANBIMA’s Guidance for Advertisement and Disclosure of Technical Material, FRAM Capital does not publish any kind of return differential or benchmark comparison in the months where the return, the benchmark or both are negative.
FRAM Capital FI Renda Fixa Crédito Privado aims at exceeding the CDI rate materially and over time, primarily through exposure to private fixed income securities. The investment decision process is based on rigorous risk analysis and the construction of a portfolio diversified by sectors. Asymmetry between the expected return and the risk incurred is also key.
Target Investors:
FRAM Capital FI Renda Fixa Crédito Privado is aimed at qualified investors with a minimum initial investment of R$ 1.000.000,00, seeking medium and long term returns who are comfortable with the credit market risks and the investment policy, as set forth in the fund’s regulations.
Operating Characteristics
| Fund inception date: | 02/11/2009 |
|---|---|
| Initial Investment: | R$ 1,000,000.00 |
| Additional Investment: | R$ 300,000.00 |
| Minimum balance: | R$ 1,000,000.00 |
| Management Fee: | 1.0% p.a. (paid monthly) |
| Performance Fee: | 20% over benchmark CDI rate, subject to "high water mark" (paid every six months) |
| Local taxation: | 22.5% up to 6 months 20% - 6 through 12 months 17.5% - 12 through 24 months 15% over 24 months |
| Manager: | FRAM Capital Estruturados Gestão de Ativos Ltda. |
| Administrator | Intrag DTVM Ltda. |
| Custody and control: | Banco Itaú S.A. |
| Auditor | Price Waterhouse |
| Anbima Category: | Renda Fixa Médio e Alto Risco |
| Investment hours: | 9:00 am - 2:00 pm |
| Investment Date: | 1st business day of each month or the 15th of each month (if the 15th is not a business day, the next business day applies). |
| Redemption: | Last business days of January, April, July or October. The redemption request must be received by the Administrator at least 180 calendar days prior to applicable conversion date. |
| Liquidation: | First business day following redemption date |
