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Select Year:
| 2012 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Returns | 0,87% | - | - | - | - | - | - | - | - | - | - | - | 0,87% |
| % CDI | 98% | - | - | - | - | - | - | - | - | - | - | - | 98% |
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 Sverdrup Renda Fixa seeks returns similar to those of the Brazilian interbank lending rate (CDI), through investments in Brazilian government fixed-income securities and derivative instruments traded in the Brazilian futures and mercantile exchange (BM&F). The fund may utilize strategies subject to domestic interest and inflation risks. The fund may not incur in credit, foreign exchange and equities risks.
FRAM Capital believes that capital preservation is the basis of wealth creation over the long term. The risks incurred in are measured and monitored by FRAM Capital's and Bradesco's (administrator) risk management departments independently and on a daily basis.
Target investors:
Fram Capital Sverdrup FIC FI RF LP is aimed at investors seeking returns similar to those of the CDI rate (interbak lending rate), without incurring in credit, foreign exchange or equities risk.
Operating Characteristics
| Fund inception date: | 11/24/2008 |
|---|---|
| Minimum initial investment: | R$ 20,000.00 |
| Minimum additional investment: | R$ 10,000.00 |
| Minimum balance: | R$ 20,000.00 |
| Administration fee: | 0.2% p.a. (paid monthly) |
| Performance fee: | 20% of return in excess of the CDI rate (interbank lending rate), subject to "high water mark", paid semi-annually (or at redemption, when redemption occurs prior to payment date) |
| Local Taxation: | 22.5% up to 6 months 20% -6 through12 months 17.5% -12 through24 months 15% over 24 months |
| Manager: | Fram Capital Gestão de Ativos Ltda. |
| Administrator: | BEM – DTVM Ltda. (Banco Bradesco) |
| Custodian: | Banco Bradesco S.A. |
| Auditor: | Price WaterhouseCoopers |
| Category: | Fixed Income |
| Investment hours: | 9:00 am - 2:00 pm |
| Investment share: | Same day as investment request |
| Redemption share: | Same day as investment request |
| Payment of proceeds: | First business day following redemption date |
