Charles River FIA is a Value Investing equity fund. We utilize fundamental bottom-up research to identify stocks that are priced at substantial discounts to conservative estimates of their intrinsec values. The portfolio's construction is based on margin of safety and a proprietary risk analysis framework.
The core of the fund's strategy consists of long Brazilian positions. However, the fund may opportunistically invest in assets listed outside of Brazil, capped at 20% of the portfolio, and engage in pair-trades.
Although allowed by the fund's regulation, the use of short positions and derivatives is infrequent.
The level of fund exposure to equities varies in accordance with the risk-return profile of the portfolio of invested equities. Typically the fund net exposure varies between 75% and 95%.
* The share NAV and return information of the Charles River FIA presented on this page refer to the "Subclasse Principal da Classe Única de Cotas do Charles River FIF de Ações – RL". The values for “current NAV” and “12-month average NAV” are based on the sum of the NAV of the subclasses within the Charles River FIA strategy. Charles River Investment Club inception was on 11/07/2011. The investment club was converted to Charles River FIA on 11/04/2014.