Charles River FIA

+12 years of track record

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 the stock market varies in accordance with the risk-eturn profile of the portfolio of invested equities. Typically the fund net exposure varies between 75% and 95%.

Return Performance

Share NAV
Total NAV
Average NAV (12M)
% Month
% Year
% 12M
% Inception*
Charles River FIA
R$ 700.5 M
R$ 471.3 M
Ibovespa

* Charles River Investment Club inception was on 11/7/2011. The investment club was converted to Charles River FIA on 11/4/2014.

Historical Performance

JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Year
Accumulated

Fund Information

Eligble Investors Investors in general (Brazil) Inception Date (Investment Club) 11/7/2011 Date of Conversion to Investment Fund 11/4/2014 Redemption Conversion 30 days after redemption request Redemption Settlement 2 business days after redemption conversion
Management Fee 2.0% p.a. of NAV Performance Fee 20.0% of returns exceeding Ibovespa Minimum Initial Investment R$ 5,000 Minimum Aditional Investment/Redemption R$ 1,000 Minimum Balance R$ 1,000