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Message from the Manager

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Rua dos Pinheiros, nº 1673 l 12º andar

São Paulo | São Paulo

CEP: 05422-010

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phone number: +55 (11) 0800 017 8700

Email: investimentos@sulamerica.com.br

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PROFITABILITY. • THE PROFITABILITY DISCLOSED IS ALREADY NET OF ADMINISTRATION, PERFORMANCE AND OTHER COSTS RELEVANT TO THE FUND, BUT IT IS NOT NET TAX. • INVESTMENT FUNDS DO NOT ALLOW THE GUARANTEE OF THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR THE CREDIT GUARANTEE FUND- FGC. • FOR THE EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, ANALYSIS OF MINIMUM 12 (12) MONTHS IS RECOMMENDED. • DESCRIPTION OF THE ANBIMA TYPE CAN BE FOUND IN THE COMPLEMENTARY INFORMATION FORM OF THE FUND. • THERE ARE FUNDS THAT MAY USE STRATEGIES WITH DERIVATIVES THAT MAY RESULT IN SIGNIFICANT EQUITY LOSSES FOR ITS STUDENTS, WHICH MAY INCLUDE ACCOUNTING LOSSES EXCEEDING THE CAPITAL APPLIED AND THE CONSEQUENT THE OBLIGATION OF THE COUNTS TO CONTRIBUTE ADDITIONAL RESOURCES TO COVER THE LOSS OF THE FUND. • READ THE LIST OF ESSENTIAL INFORMATION (IF ANY), THE COMPLEMENTARY INFORMATION FORM AND THE FUND REGULATION BEFORE INVESTING. To Invest Access

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