MATV11

Management

The fund’s portfolio will be divided into three major groups: a portion investing in REITs, a portion trading REITs, and a portion will be invested in CRI directly.

50% to 100% of the portfolio – Investment in CRI Funds
This is the portion of the portfolio in which we seek profitability through investment in third-party REITs. For this category, we aim to invest in funds that have the potential for an increase in shares in the medium term, but that also have an expectation of a nominal return above 10% per year. With this mandate, the composition of this portion of the portfolio has as its central characteristic the investment in funds with a high yield profile.

0 to 30% of the portfolio – Tactical Component
In this segment of the portfolio, we focus on the turnover component. We look for CRI funds whose shares have suffered from some technical component, which can be a large one-off sale flow, poor pricing by certain market players, or any other factors that do not affect the fund’s assets themselves, but that cause price fluctuations. In this portion, we also seek arbitrage between the offer prices of the funds and the market value, in addition to accessing restricted offers (476), using our institutional strength on behalf of shareholders.

0 to 30% of the portfolio – Investment in CRI directly
The last component of the fund is a direct investment in real estate receivables. Along with More Invest’s credit area, we seek to invest in this part of the portfolio in good assets, always with actual and real estate guarantees, and that present a rate compatible with the expected result of the fund – that is, operations above CDI+4 % or IPCA+8% (*), for the current market moment. This portion will be built gradually and will be responsible for seeking the stability of a large part of the MATV11 dividends.

We believe that this investment philosophy combines the best of three worlds: generating income from direct investment in reputable funds, capital gains from one-off operations, and the profitability of direct investment in CRIs.

(*) Local interbank rate

Risk Factor
The Investment Funds are, by their nature, subject to typical market fluctuations, credit risk, systemic risk, adverse liquidity conditions and atypical trading in the markets where they operate. Moreover, if the Administrator and the Manager maintain management routines and procedures for risks, there is no guarantee of the complete elimination of the possibility of losses for the Fund and for the Shareholders.