IBIUNA LONG SHORT STLS FIC FIM

Fund objective

Ibiuna Long Short STLS FIC FIM is an equities long short market neutral fund. The main goal of the equities portfolio management team is to identify opportunities in stocks of Brazilian companies through fundamental analysis and no net exposure.

Suited for

Investors in general that seek long term superior returns and understand the risks within the strategies implemented by the management team.

Fund details
Status

Open

Inception date

07/31/2013

Benchmark

CDI

Administration fee

2% (p.a)

Performance fee

20% over CDI

Initial investment

BRL 5.000

Additional investment

BRL 1.000

Minimum movement

BRL 1.000

Minimum balance

BRL 5.000

Subscription

T+1

Redemption

T+30

Settlement

1º day after the redemption NAV

Subscription and redemption orders

Daily, up to 3 pm

Manager

Ibiuna Ações Gestão de Recursos Ltda.

Administrator

BEM – Distribuidora de Títutlos e Valores Mobiliários

Custodian

Banco Bradesco S.A.

Auditor

PriceWaterhouseCoopers

Early exit clause

The fund has an early exit clause with a 5% penalty. If exercised, the redemption will be converted in T+1 and settled in T+2. The 5% penalty fee will be charged over the redeemed amount.