BNP PARIBAS ESMERALDA FIC FI RENDA FIXA
CRÉDITO PRIVADO LONGO PRAZO 1/2
DECEMBER/2015
MAIN OBJECTIVE AND INVESTMENT POLICY
PORTFOLIO OF THE MASTER FUND ON 12/31/2015
The objective of the Fund is to overperform the Brazilian Overnight Rate (CDI)
investing at least 95% of it's Portfolio on quotas of the BNP PARIBAS MASTER
CRÉDITO FI RENDA FIXA CREDITO PRIVADO LONGO PRAZO, which invests
preponderantly on Private Bonds.
.
Funds
2.68%
Overnight
3.56%
Private Bonds
48.77%
Bank CD
6.72%
GENERAL CHARACTERISTIC
Taxpayer number:
number: 14.950.845/0001-52
Debenture
18.71%
Target Investors:
Investors: Investors in general
NAV Calculation:
Calculation: Shutdown
Public Bonds
19.56%
Inception date:
date: 15/
15/06/
06/2012
Management Fee:
Fee: 0,30% p.y. (Daily appropriate and monthly paid until the fifth
business day following the due date)
Performance Fee:
Fee: 25% that exceeds 100% of CDI
MONTHLY RETURN COMPARED TO CDI
Entrace and Exit Fees:
Fees: none
86%
ANBIMA Classification:
Classification: Fixed Income / Code:
Code: 306134
frequency (%)
Subscription:
Subscription: Daily D+0
Redemptions:
Redemptions Daily - D+14 / Financial settlement - D+15
Minimum initial investment amount:
amount: BRL 250.000
Minimum amount per operation:
operation: BRL 5.000
9%
Minimum balance:
balance: BRL 50.000
Dealing deadline:
deadline: 03:30 PM (Brazil time)
Taxes:
Taxes: IOF:
IOF: Occur on the redemption value with declining rates and the limited
income tax calculated from the 1st until the 29th day from the date of
application. IR: From 15% to 22.5% calculated on income, depending on the
average maturity of the fund’s portfolio and the client time staying. The
administrator will chase a long-term portfolio, more than 365 days. There is no
0%
0%
0%
>60%
>80%
>90%
>100%
5%
>110%
>130%
Months over than CDI
43
Months less than CDI
0
NAV (BRL million)
On 12/31/2015
53.915
Average Last 12 Month
68.213
MONTHLY TRACK RECORD
Period
Last 12 Months
Last 24 Months
Last 36 Months
Since inception
FUND
13.59
26.20
37.24
43.36
CDI
13.23
25.47
35.57
40.96
TRACK RECORD - 12 MONTHS
Fund
CDI
105%
104%
103%
102%
101%
100%
99%
98%
%CDI
102.76
102.58
104.02
105.86
São Paulo
55+ 11 3841-3130
55+ 11 3049-2820
Rio de Janeiro
55+ 21 3213-8200
Curitiba
55+ 41 3071-7250
OF THE FUND ON THE BACK OF THIS MATERIAL
Belo Horizonte
55+ 31 3287-1600
Dec-15
Nov-15
Oct-15
Sep-15
Aug-15
INFORMATION ABOUT RISK AND RETURN
Para investir
Retail
Institutional
Jul-15
97%
Jun-15
2015 (%)
CDI
%CDI
0.93
103.42
0.82
103.02
1.03
106.17
0.95
101.78
0.98
102.74
1.06
102.67
1.18
101.80
1.11
102.89
1.11
102.76
1.11
101.55
1.06
101.28
1.16
101.59
13.23
102.76
May-15
FUND
0.96
0.84
1.10
0.96
1.01
1.09
1.20
1.14
1.14
1.12
1.07
1.18
13.59
Apr-15
%CDI
101.22
102.14
102.52
103.78
103.16
103.10
102.43
102.93
102.37
102.85
102.41
102.09
102.57
Mar-15
2014 (%)
CDI
0.84
0.78
0.76
0.81
0.86
0.82
0.94
0.86
0.90
0.94
0.84
0.95
10.81
Feb-15
Janeiro
Fevereiro
Março
Abril
Maio
Junho
Julho
Agosto
Setembro
Outubro
Novembro
Dezembro
YTD
FUND
0.85
0.80
0.78
0.85
0.89
0.84
0.96
0.88
0.92
0.97
0.86
0.97
11.10
Jan-15
Period
BNP PARIBAS ESMERALDA FIC FI RENDA FIXA
CRÉDITO PRIVADO LONGO PRAZO 2/2
www.bnpparibas.com.br
ISSUERS CONCENTRATION RISK
This fund is subject to the risk of substantial loss in the event of situations
that might incur in the nonpayment of the assets that are part of its portfolio,
or because of an intervention, liquidation, temporary administration regime,
bankruptcy, judicial or extrajudicial recuperation of the issuers responsible
for the assets of the fund.
.
RISK AND RETURN INDICATIVE
Maximum Monthly Return
1.20%
Minimum Monthly Return
0.42%
Volatility* (a.a)
0.09%
*Analysis period: 24 months
PROSPECTUS AND BY-LAW
Acess www.bnpparibas.com
QR Code
RISK SCALE
The illustration below is meant to give the investor a graphic
reading of the various risks undertaken by the Master Fund as
well as their levels of exposure. It is important to read brief
description beside each "R" as well as the specific disclaimer.
Highlights, if any, is the principal risk taken by the fund.
V@R: Volatility of the quotas.
1- Very low volatility
2- Low volatility
3- Medium volatility
4- Medium/High volatility
5- High volatility
6- Very high volatility
Private Bonds: % of the NAV that can be
invested in private bonds. Do not reflect the
quality of the credit.
0 - 0% of the NAV
1 – Up to 30% of the NAV
2 – Up to 50% of the NAV
3 – Up to100% of the NAV
Use of Derivatives:
0 – Does not use derivatives
1 – Yes, only to hedging proposal
2 - Yes, directional without leverage
3 - Yes, with leverage
IMPORTANT INFORMATION
Administrator: Bank BNP Paribas SA / Manager: BNP Paribas Asset Management Ltda Brazil
This fund invests in funds that use derivative strategies as an integral part of its investment
policy. Such strategies, as adopted, may result in significant losses to investors; This document
was produced by Banco BNP Paribas Brazil for information purposes only; Despite the care used both in
obtaining and handling the information presented, the bank BNP Paribas is not responsible for the
accidental publication of incorrect information, nor for investment decisions with based on information
contained herein, which may even be changed without notice; To evaluate the performance of
investment funds, we recommend an analysis, at least twelve months; Investment funds are not
guaranteed by the fund manager, the portfolio manager, of any insurance mechanism, or even of the
Fundo Garantidor de Crédito, FGC; The performance is not net of taxes; Past performance is no
guarantee or promise of future performance; Are advised to read carefully the prospectus and the by law
of investment funds by investors to invest their funds. IMPORTANT: The graphical notation of the
various risks undertaken by the fund is merely an illustrative way that should not serve as
indicators for decision-making investment or disinvestment. Thus, it is recommended to read,
analyze and understand the Rules and the Fund’s Prospectus and By Law. The scales reflect the
views of management based on the Fund’s Investment Policy may also be dynamic not directly
reflect the allocations occurred in the background over the time. Additionally reported that this
notation is the intellectual property of BNP Paribas Asset Management Ltda Brazil should not be
used by another resource manager or administrator. You can access the Ombudsman through:
phone - 0800-7715999 or e-mail: [email protected]. The ombudsman business hours
is Monday to Friday from 9:00 a.m to 6: 00 p.m.
Equities Market:
Market % of the NAV that can be
invested in equities.
0 - 0% of the NAV
1 – Up to 30% of the NAV
2 – Up to 50% of the NAV
3 – Up to100% of the NAV
Currency market: % of the NAV that can be
invested in currency.
0 - 0%
1 - Baixa até 30%
1 – Low. Up to 30%
2 – Medium. Up to 50%
3 – High. Up to 100%
Interest rate and Inflation market: the
sensitivity of the quota to yield curve.
0 – Very Low
1 - Low
2 - Medium
3 - High
Liquidity:
Liquidity: This risk is characterized by the possibility of
reduction or even lack of demand for the assets of the
portfolio, which could difficult or prevent the sale of assets
with the price and time desired. Due to market dynamics, the
assets comprising the portfolio and the movements of
investors, it is difficult to define a scale that reflects the level
of liquidity risk.
Besides the above risks, the fund may be subject to additional
risks that may affect their performance.
READ THE PROSPECTUS, THE REGULATION AND BLADE ESSENTIAL INFORMATION BEFORE INVESTING.