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Fidelity® Emerging Markets Index Fund
Quarterly Holdings Report for Fidelity® Emerging Markets Index Fund January 31, 2021 EMX-QTLY-0321 1.929351.109 Schedule of Investments January 31, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 92.5% Shares Value Shares Value Argentina – 0.0% Lojas Americanas SA rights 2/4/21 (b) 4,427 $ 3,722 Telecom Argentina SA Class B sponsored ADR (a) 48,935 $ 317,099 Lojas Renner SA 444,459 3,368,738 YPF SA Class D sponsored ADR (b) 99,119 361,784 Magazine Luiza SA 1,634,124 7,547,303 Multiplan Empreendimentos Imobiliarios SA 156,958 608,164 TOTAL ARGENTINA 678,883 Natura & Co. Holding SA 499,390 4,477,844 Notre Dame Intermedica Participacoes SA 289,718 5,003,902 Bailiwick of Jersey – 0.1% Petrobras Distribuidora SA 421,700 1,792,730 Polymetal International PLC 131,532 2,850,845 Petroleo Brasileiro SA ‑ Petrobras (ON) 2,103,697 10,508,104 Raia Drogasil SA 602,000 2,741,865 Bermuda – 0.7% Rumo SA (b) 724,700 2,688,783 Alibaba Health Information Technology Ltd. (b) 2,256,000 7,070,686 Sul America SA unit 165,877 1,209,956 Alibaba Pictures Group Ltd. (b) 6,760,000 854,455 Suzano Papel e Celulose SA (b) 418,317 4,744,045 Beijing Enterprises Water Group Ltd. 2,816,000 1,147,720 Telefonica Brasil SA 250,600 2,070,242 Brilliance China Automotive Holdings Ltd. 1,692,000 1,331,209 TIM SA 475,200 1,155,127 China Gas Holdings Ltd. 1,461,000 5,163,177 Totvs SA 274,600 1,425,346 China Resource Gas Group Ltd. -
Economic Gains of Realized Volatility in the Brazilian Stock Market
TEXTO PARA DISCUSSÃO No. 624 Economic gains of realized volatility in the Brazilian stock market Francisco Santos Márcio Garcia Marcelo Medeiros DEPARTAMENTO DE ECONOMIA www.econ.puc-rio.br Economic gains of realized volatility in the Brazilian stock market Abstract This paper evaluates the economic gains associated with following a volatility timing strategy based on a multivariate model of realized volatility. To study this issue we build a high frequency database with the most actively traded Brazilian stocks. Comparing with traditional volatility methods, we find that economic gains associated with realized measures perform well when estimation risk is controlled and increase proportionally to the target return. When expected returns are bootstrapped, however, performance fees are not significant, which is an indication that economic gains of realized volatility are offset by estimation risk. Keywords: Realized volatility, utility, forecasting. JEL Code: G11, G17. 1. Introduction Given the growth of financial markets and the increasing complexity of its securities, volatility models play an essential role to help the task of risk management and investment decisions. Since realization of volatility returns based on daily data is not observable, the traditional approach is to invoke parametric assumptions regarding the evolution of the first and second moments of the returns, which is the idea behind ARCH and stochastic volatility models. Nevertheless, these models fail to capture some stylized facts such as autocorrelation persistence and fat tail of returns. The availability of intraday data opens up the possibility of approximating volatility directly from asset returns. The use of an observable variable, in turn, facilitates the task of dealing with problems that involves a significant number of assets. -
Geneva, November 15, 2011 MSCI GLOBAL STANDARD INDICES The
Geneva, November 15, 2011 MSCI GLOBAL STANDARD INDICES The following are changes in constituents for the MSCI Global Standard Indices which will take place as of the close of November 30, 2011. SUMMARY PER COUNTRY and PER REGION: Nb of Nb of Securities Securities Region Country Added Deleted Asia Pacific AUSTRALIA 1 3 CHINA 10 10 HONG KONG 1 1 INDIA 3 3 JAPAN 1 2 KOREA 4 3 MALAYSIA 1 0 PHILIPPINES 3 0 TAIWAN 3 12 THAILAND 0 1 Nb of Nb of Securities Securities Region Country Added Deleted Europe, Middle East and Africa BELGIUM 0 1 DENMARK 0 1 FINLAND 0 2 FRANCE 0 3 GERMANY 0 1 GREECE 0 4 ITALY 0 1 NETHERLANDS 0 1 NORWAY 0 1 PORTUGAL 0 1 RUSSIA 1 1 SPAIN 0 1 SWEDEN 1 0 SWITZERLAND 2 0 TURKEY 2 0 UNITED KINGDOM 2 0 Nb of Nb of Securities Securities Region Country Added Deleted Americas BRAZIL 1 3 CANADA 2 1 CHILE 1 0 COLOMBIA 1 0 MEXICO 1 0 PERU 1 0 USA 5 5 ASIA PACIFIC MSCI AUSTRALIA INDEX Additions Deletions CAMPBELL BROTHERS BLUESCOPE STEEL PALADIN ENERGY WESFARMERS PPS MSCI CHINA INDEX Additions Deletions CHINA RESOURCES GAS GRP CHAODA MODERN AGRI. Page 1 MSCI Global Standard Indices - November 15, 2011 © MSCI 2011, All rights reserved CHINA ZHENGTONG AUTO SER CHINA HIGH SPEED TRANSMI DAH CHONG HONG (CN) CHINA NATNL MATERIAL H DAPHNE INTL HOLDINGS(CN) CHINA SHINEWAY PHARM GRP FAR EAST HORIZON GREENTOWN CHINA HLDGS HAIER ELCTRNCS GRP(CN) HIDILI INDUSTRY INTL DEV SHANGHAI PHARM H KWG PPTY HLDG SUN ART RETAIL GROUP LI NING CO YINGDE GASES GROUP CO MAANSHAN IRON&STEEL H ZHONGSHENG GROUP HLDGS SHANGHAI LUJIA. -
Novo Mercado and Its Followers: Case Studies in Corporate Governance Reform
5 Focus Novo Mercado and Its Followers: Case Studies in Corporate Governance Reform Maria Helena Santana Melsa Ararat Petra Alexandru B. Burcin Yurtoglu Mauro Rodrigues da Cunha Copyright 2008. For permission to photocopy or reprint, International Finance Corporation please send a request with complete 2121 Pennsylvania Avenue, NW information to: Washington, DC 20433 The International Finance Corporation All rights reserved. c/o the World Bank Permissions Desk Offi ce of the Publisher The fi ndings, interpretations, and 1818 H Street NW conclusions expressed in this publication Washington, DC 20433 should not be attributed in any manner to the International Finance Corporation, to All queries on rights and licenses its affi liated organizations, or to members including subsidiary rights should be of its board of Executive Directors addressed to: or the countries they represent. The International Finance Corporation does The International Finance Corporation not guarantee the data included in this c/o the Offi ce of the Publisher publication and accepts no responsibility World Bank for any consequence of their use. 1818 H Street, NW Washington, DC 20433 The material in this work is protected by Fax: +1 202-522-2422 copyright. Copying and/or transmitting portions or all of this work may be a violation of applicable law. The International Finance Corporation encourages dissemination of its work and hereby grants permission to the user of this work to copy portions for their personal, noncommercial use, without any right to resell, redistribute, or create derivative works there from. Any other copying or use of this work requires the express written permission of the International Finance Corporation. -
Annual Report
ANNUAL REPORT 2013 ULTRAPAR ANNUAL 2 ULTRAPAR 4 MESSAGE FROM THE MANAGEMENT 6 MANAGEMENT FUNDAMENTALS 8 Corporate Governance 10 Management Model and Strategy 14 Risk Management 16 Innovation 18 Relationship with Stakeholders 22 Social and Environmental Philosophy and Sustainability 28 EXTRAFARMA 32 IPIRANGA 38 OXITENO 44 ULTRACARGO 48 ULTRAGAZ 54 RESULTS AND OUTLOOK 56 Analysis of Financial Performance in 2013 61 Capital Markets 62 Investments 64 Outlook ANNUAL REPORT ANNUAL REPORT 2013 ULTRAPAR ANNUAL 2 ULTRAPAR 4 MESSAGE FROM THE MANAGEMENT 6 MANAGEMENT FUNDAMENTALS 8 Corporate Governance 10 Management Model and Strategy 14 Risk Management 16 Innovation 18 Relationship with Stakeholders 22 Social and Environmental Philosophy and Sustainability 28 EXTRAFARMA 32 IPIRANGA 38 OXITENO 44 ULTRACARGO 48 ULTRAGAZ 54 RESULTS AND OUTLOOK 56 Analysis of Financial Performance in 2013 61 Capital Markets 62 Investments 64 Outlook ANNUAL REPORT EVOLUTION OF PRICES OF ULTRAPAR SHARES KEY INDICATORS (Base 100) BM&FBOVESPA NYSE R$ million 2009 2010 2011 2012 2013 121 140 140 Ultrapar UGPA3 126 DOW ANNUAL REPORT 2013 ULTRAPAR ANNUAL REPORT 2013 ULTRAPAR ANNUAL Net revenue from sales and services 36,097 42,482 48,629 53,869 60,940 120 130 JONES EBITDA 1,450 1,855 2,048 2,411 2,918 120 Net income 441 765 860 1,027 1,229 100 Investments 1,941 815 1,081 1,483 1,119 110 Dividends declared 279 429 525 627 744 80 Earnings per share (R$) 0.82 1.43 1.60 1.90 2.28 85 100 106 IBOVESPA UGP Dividends per share (R$) 0.52 0.80 0.98 1.17 1.37 60 90 Number of employees -
Laudo De Avaliação Para a Ultrapar Participações
Estritamente privado e confidencial Laudo de Avaliação para a Ultrapar Participações Ultrapar Participações S.A., Refinaria de Petróleo Ipiranga S.A., Distribuidora de Produtos de Petróleo Ipiranga S.A., Companhia Brasileira de Petróleo Ipiranga 04 de abril de 2007 Text_SP 1560566v3 1601/35 Estritamente privado e confidencial Notas importantes O presente material somente pode ser utilizado pela Ultrapar Participações S.A. (“Ultrapar”) para os propósitos definidos em sua contratação com o Deutsche Bank Securities Inc. (“Deutsche Bank”). Nem o Deutsche Bank nem suas afiliadas ou qualquer de seus executivos, diretores, empregados, consultores ou representantes (coletivamente “Representantes do Deutsche Bank”) fazem qualquer declaração ou garantia, expressa ou implícita, com relação à precisão ou completitude do presente laudo, ou fornecem qualquer aconselhamento de natureza tributária, contábil, legal ou regulatória. O conteúdo do presente material não é e não deve ser considerado como promessa ou garantia com relação ao passado ou ao futuro No que tange ao papel do Deutsche Bank para “realizar uma análise de avaliação / preparar um laudo de avaliação” para Ultrapar, e preparar um laudo de avaliação da Companhia Brasileira de Petróleo Ipiranga (“CBPI”), Distribuidora de Produtos de Petróleo Ipiranga S.A. (“DPPI”) e Refinaria de Petróleo Ipiranga S.A. (“RIPI”) (coletivamente, “Ipiranga”, ou “Grupo Ipiranga”) e Ultrapar, o Deutsche Bank se baseou nas informações contidas nas demonstrações financeiras auditadas das companhias avaliadas, em certas informações financeiras e de outras informações cuja natureza é de conhecimento público relacionadas à Ultrapar e ao Grupo Ipiranga, bem como certas análises e outras informações internas gerenciais que nos foram fornecidas pela administração da Ultrapar e do Grupo Ipiranga. -
EARNINGS RELEASE July 28, 2021
2Q21 EARNINGS RELEASE July 28, 2021 1 EARNINGS RELEASE 2Q21 2Q21 Earnings Conference São Paulo, July 28, 2021. Call GPA [B3: PCAR3; NYSE: CBD] announces its results for the second Thursday quarter of 2021 (2Q21). All comparisons are with the same period in 2020, unless stated otherwise. The results include the effects of IFRS July 29, 2021 10:00 a.m. 16/CPC 06 (R2), unless stated otherwise. (Brasília time) Brazil 9:00 a.m. (NY) 2:00 p.m. (London) Portuguese videoconference: www.gpari.com.br Colombia English (simultaneous translation) videoconference: www.gpari.com.br/en/ Uruguay Replay: www.gpari.com.br Argentina GPA - Operational & Financial Highlights . 2Q21 performance: impacted by the new restrictions imposed to contain the new wave of the pandemic, combined with the strong comparison base in the previous year, partially compensated by strict control of expenses and maintenance of adjusted EBITDA margin; . Digital ecosystem: record online sales of R$428 million in Brazil, up 32% YoY and 38% sequentially, with penetration up to 8.2%. At Grupo Éxito, GMV reached R$593 million, with penetration of 10.5%; . Same-store sales ex-gas stations and drugstores: +4.2% vs. 2Q19 and +0.2% (ex-Covid) vs. 2Q20 at GPA Brazil and +7.2% vs. 2Q19 and +5.0 % (ex-Covid) vs. 2Q20 at Grupo Éxito. The highlights were: o Consistent growth in online sales in all the countries where we operate o Evolution of rollout and maturation of the new supermarket concepts o Continuation of the hypermarket repositioning strategy o Consistency in operations of proximity formats in Brazil . -
Abc Brasil Daycoval Linx Sabesp Aes Tiete E Dimed
LISTA DAS EMPRESAS ELEGÍVEIS - CARTEIRA DO ISE 2017 PERÍODO BASE 2016 ABC BRASIL DAYCOVAL LINX SABESP AES TIETE E DIMED LOCALIZA SANEPAR ALFA INVEST DIRECIONAL LOCAMERICA SANTANDER BR ALIANSCE DURATEX LOG-IN SANTOS BRP ALPARGATAS ECORODOVIAS LOJAS AMERIC SAO CARLOS ALUPAR ELETROBRAS LOJAS MARISA SAO MARTINHO AMBEV S/A ELETROPAULO LOJAS RENNER SARAIVA LIVR ANIMA EMBRAER LOPES BRASIL SCHULZ AREZZO CO ENERGIAS BR M.DIASBRANCO SENIOR SOL ARTERIS EQUATORIAL MAGAZ LUIZA SER EDUCA B2W DIGITAL ESTACIO PART MAGNESITA SA SID NACIONAL BANCO PAN ETERNIT MARCOPOLO SIERRABRASIL BANRISUL EUCATEX MARFRIG SLC AGRICOLA BBSEGURIDADE EVEN METAL LEVE SMILES BMFBOVESPA EZTEC MILLS SOMOS EDUCA BR BROKERS FER HERINGER MINERVA SPRINGS BR INSURANCE FERBASA MRV SUL AMERICA BR MALLS PAR FIBRIA MULTIPLAN SUZANO PAPEL BR PHARMA FLEURY MULTIPLUS TAESA BR PROPERT FORJA TAURUS NATURA TARPON INV BRADESCO GAFISA ODONTOPREV TECHNOS BRADESPAR GENERALSHOPP OI TECNISA BRASIL GERDAU OUROFINO S/A TEGMA BRASILAGRO GERDAU MET P.ACUCAR-CBD TELEF BRASIL BRASKEM GOL PARANA TEMPO PART BRF SA GRAZZIOTIN PARANAPANEMA TEREOS CCR SA GRENDENE PARCORRETORA TIM PART S/A CCX CARVAO GUARARAPES PDG REALT TIME FOR FUN CELESC HELBOR PETROBRAS TOTVS CEMIG HYPERMARCAS PETRORIO TRACTEBEL CESP IDEIASNET PINE TRAN PAULIST CETIP IGUATEMI PLASCAR PART TRISUL CIA HERING IMC S/A PORTO SEGURO TRIUNFO PART CIELO INDS ROMI PORTOBELLO TUPY COELCE IOCHP-MAXION POSITIVO INF ULTRAPAR COMGAS ITAUSA PROFARMA UNICASA COPASA ITAUUNIBANCO PRUMO UNIPAR COPEL JBS QGEP PART USIMINAS COSAN JHSF PART QUALICORP V-AGRO COSAN LOG JSL RAIADROGASIL VALE CPFL ENERGIA KEPLER WEBER RANDON PART VALID CSU CARDSYST KLABIN S/A RENOVA VIAVAREJO CVC BRASIL KROTON RODOBENSIMOB WEG CYRELA REALT LE LIS BLANC ROSSI RESID WHIRLPOOL DASA LIGHT S/A RUMO LOG. -
Template Word 2020
Itaúsa Head Office | Av. Paulista - SP Management’s Proposal and Ordinary and Extraordinary General Stockholders’ Meeting Manual April 30, 2021, 11:00 am Virtual-only format 1 Contents 1. Message from the Chairman of the Board and the CEO ............................................................................................. 3 2. Information about the Ordinary and Extraordinary General Stockholders’ Meeting ............................................. 4 a) Date, time and format .................................................................................................................................................................................... 4 b) Opening and approval quorums................................................................................................................................................................ 4 c) Documents made available to stockholders ......................................................................................................................................... 4 d) Attendance at the General Stockholders’ Meeting ............................................................................................................................ 4 Stockholders’ identification and representation documents (“Documents”).......................................................................... 5 Guidance on representation by proxies ................................................................................................................................................. -
Com Case Part Mpanie E Stud T 1 Es Cir Dies
Companies Circle Case Studies Part 1 CPFL Energia – Grupo Algar – Grupo Graña y Montero – Grupo Los Grobo – Ultrapar August, 2013 About the Companies Circle The Latin American Companies Circle is a unique initiative launched in May 2005 in Sao Paulo, Brazil. The 15‐members Companies Circle brings together a group of leading Latin American companies who have adopted good corporate governance practices in order to provide private sector input into the work of corporate governance regional development and to share their experiences with each other and other companies in the region and beyond. Through the Companies Circle, members showcase how leading Latin American companies can implement good corporate governance and the benefits their firms have experienced from undertaking these improvements. The Latin American Companies Circle members are: Los Grobo (non‐listed, Argentina); Algar (non‐listed), CPFL, Embraer, Natura, and Ultrapar (Brazil); Argos, Carvajal (non‐listed), and ISA (Colombia); Florida Ice (Costa Rica); Compartamos and Homex (Mexico); Buenaventura, Ferreyros, and Graña y Montero (Peru). The Companies Circle is currently sponsored by the International Finance Corporation (IFC), and supported by the Organization for Economic Co‐operation and Development (OECD). About IFC IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in more than 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and promote shared prosperity. In FY13, our investments climbed to an all‐time high of nearly US$25 billion, leveraging the power of the private sector to create jobs and tackle the world’s most pressing development challenges. -
John Hancock Emerging Markets Fund
John Hancock Emerging Markets Fund Quarterly portfolio holdings 5/31/2021 Fund’s investments As of 5-31-21 (unaudited) Shares Value Common stocks 98.2% $200,999,813 (Cost $136,665,998) Australia 0.0% 68,087 MMG, Ltd. (A) 112,000 68,087 Belgium 0.0% 39,744 Titan Cement International SA (A) 1,861 39,744 Brazil 4.2% 8,517,702 AES Brasil Energia SA 14,898 40,592 Aliansce Sonae Shopping Centers SA 3,800 21,896 Alliar Medicos A Frente SA (A) 3,900 8,553 Alupar Investimento SA 7,050 36,713 Ambev SA, ADR 62,009 214,551 Arezzo Industria e Comercio SA 1,094 18,688 Atacadao SA 7,500 31,530 B2W Cia Digital (A) 1,700 19,535 B3 SA - Brasil Bolsa Balcao 90,234 302,644 Banco Bradesco SA 18,310 80,311 Banco BTG Pactual SA 3,588 84,638 Banco do Brasil SA 15,837 101,919 Banco Inter SA 3,300 14,088 Banco Santander Brasil SA 3,800 29,748 BB Seguridade Participacoes SA 8,229 36,932 BR Malls Participacoes SA (A) 28,804 62,453 BR Properties SA 8,524 15,489 BrasilAgro - Company Brasileira de Propriedades Agricolas 2,247 13,581 Braskem SA, ADR (A) 4,563 90,667 BRF SA (A) 18,790 92,838 Camil Alimentos SA 11,340 21,541 CCR SA 34,669 92,199 Centrais Eletricas Brasileiras SA 5,600 46,343 Cia Brasileira de Distribuicao 8,517 63,718 Cia de Locacao das Americas 18,348 93,294 Cia de Saneamento Basico do Estado de Sao Paulo 8,299 63,631 Cia de Saneamento de Minas Gerais-COPASA 4,505 14,816 Cia de Saneamento do Parana 3,000 2,337 Cia de Saneamento do Parana, Unit 8,545 33,283 Cia Energetica de Minas Gerais 8,594 27,209 Cia Hering 4,235 27,141 Cia Paranaense de Energia 3,200 -
FTIF - Franklin Brazil Opportunities Fund June 30, 2019
FTIF - Franklin Brazil Opportunities Fund June 30, 2019 FTIF - Franklin Brazil June 30, 2019 Opportunities Fund Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the annual financial statements of the fund. Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date B3NS1W0 AREZZO INDUSTRIA E COMERCIO SA 600 $7,835 0.03% N/A N/A BD97PR4 AZUL SA 5,800 $65,317 0.28% N/A N/A B06L266 B2W CIA DIGITAL 15,700 $133,637 0.58% N/A N/A BG36ZK1 B3 SA - BRASIL BOLSA BALCAO 7,200 $70,164 0.30% N/A N/A B23DMP8 BANCO ABC BRASIL SA 7,200 $36,000 0.16% N/A N/A B00FM53 BANCO BRADESCO SA 20,653 $202,769 0.88% N/A N/A BMF ONE-DAY INTERBANK DEPOSITS DDD498364 200 -$1,001 0.00% N/A 01/04/21