BRADESCO GLOBAL FUNDS Brazilian Fixed Income USD I

As of 5/31/2017

Fund Description Calendar Year Net Returns (USD %) The fund seeks to maximize medium term returns by investing 80.0 primarily in Real-denominated Brazilian Government and Corporate bonds. Investment approach based on robust credit 60.0 50.0 research, market and macro monitoring and duration analysis. 48.3 40.0 38.6 17.4 15.8 Fund Facts 20.0 15.2 10.7 7.2 6.4 5.2 4.1 1.9 Fund Size $ 57.0 million 0.0 0.5 -0.7 -1.7 -1.2 Inception Date 9/28/2009 -1.1 -4.4 -20.0 -6.2 -10.9 Domicile Luxembourg -11.8

-40.0 -23.9

Legal Status SICAV / UCITS -28.0 -34.7 Base Currency US Dollar -60.0 Return 2017 YTD 2016 2015 2014 2013 2012 2011 2010 Subscription / Redemption Daily

Settlement Day 3 Brazilian Fixed Income USD I IRFM (1) Benchmark CDI (1) Reference

Trailing Net Returns (USD %)

Share Class Information Since 1 M 3 M YTD 1 Y 3 Yrs 5 Yrs Inception

USD I USD R Brazilian Fixed Income USD I -1.1 -1.6 10.7 33.9 -7.1 -3.8 17.4 ISIN LU0447459685 LU0447459503 IRFM (1) -1.1 -2.2 7.2 30.7 2.7 7.7 33.3 Ticker BBG BRAFIXI LX BRAFIXR LX CDI (1) -0.4 -1.8 5.2 25.8 -0.4 5.4 21.3 Annual Fee (%) 0.60 1.00 BRL/USD -1.4 -4.4 -0.1 10.5 -31.2 -38.3 -45.0 Inception Date 9/28/2009 9/25/2009 Minimum Investment 1,000,000 US Dollar 5,000 US Dollar Asset Allocation Quality Diversification (2) % % EUR R Government 78.5 BBB 0.8 ISIN LU0508552956 Corporate Bond 4.9 BB 89.3 Ticker BBG BGBFIRE LX Cash & Equivalents 16.5 B 0.6 Annual Fee (%) 1.00 Not Rated 9.4 Inception Date 9/25/2009 Minimum Investment 1,000 Euro

Portfolio Characteristics Top 10 Holdings Average Eff Maturity 7.24 Maturity Date Fund (%) Average Eff Duration 5.11 Federative Rep 7/1/2020 20.1 Yield to Maturity (3) 10.62 Brazil Federative Rep 4/1/2019 18.4 Average Credit Quality BB Brazil Federative Rep 1/1/2020 17.0 Secretaria Tesouro Nacl 6% 8/15/2022 9.7 Brazil Federative Rep 1/1/2019 7.1 Brazil Federative Rep 7/1/2018 1.9 Brazil Federative Rep 4.25% 1/7/2025 1.7 Brazil Federative Rep 5.625% 1/7/2041 1.4 S A 5.15% 6/15/2022 0.7 Secretaria Tesouro Nacl 10% 1/1/2023 0.7 Total number of positions 22

(1) Converted into US dollars using WM11/ rates. (2) Bloomberg Composite Rating, a blend of Moody's, S&P, Fitch and DBRS ratings. Not Rated contains Cash. (3) Government portion in BRL. BRADESCO GLOBAL FUNDS Brazilian Fixed Income USD I

Fund Investment Objective About BRAM To obtain a superior return in the medium and long term over the IRF-M Index, by investing mainly in the Brazilian debt market. Investments will BRAM was created in 2001 from the consolidation of Bradesco’s asset be made based on risk and interest yield curve analysis, as well as management divisions and Bradesco-owned asset managers, bringing fundamental credit research on the corporate and public issuers. together over 40 years of expertise in the Latin America market. BRAM has an excess of US$160 billion of assets under management from Brazilian, Asian and American retail, private, corporate and institutional clients. BRAM has strong investment capability in fixed income and equities. BRAM Fund Investment Policy is a wholly owned subsidiary of , Brazil’s largest privately- Diversified portfolio invested in the Brazilian debt market, such as Brazilian owned . Government bonds issued by the Brazilian National Treasury, Brazilian corporate bonds, Time Deposits and Eurobonds issued in USD or in any other currency by Brazilian companies.

Manager BRAM - Bradesco S.A. DTVM Av. Brigadeiro Faria Lima, 3064 7th Floor Sao Paulo - SP, Brazil Tel. +55 11 3847 9171 [email protected] www.bradescoasset.com

Global Distributor Banco Bradesco Europa S.A. 29, Avenue Porte-Neuve L-2227 Luxembourg

Transfer Agent, Custodian Bank and Administrator BNP Paribas Securities Services, Luxembourg Branch 60, Avenue J.F. Kennedy L-1855 Luxembourg

Auditor KPMG 39, Avenue J.F. Kennedy L-1855 Luxembourg

Registered Status This fund is currently registered for sale in Luxembourg, Portugal, Spain and Italy

Contacts

Luiz Osório Leão Filho Priscila Dorvillê Simão Ramirez Monica P Almeida DD: +55 11 3847 9561 DD: +55 11 3847 5188 DD: +55 11 3847 5464 [email protected] [email protected] [email protected]

Bradesco Global Funds – Brazilian Fixed Income is registered in Luxembourg. Investors should be aware that past performance is no guarantee of future performance. Price of units may fall as well as rise and is not guaranteed. Investors may not get back the amount originally invested. Before investing in this product please read carefully the latest prospectus to be aware of the risks. Unless otherwise stated all data on this factsheet is unaudited. Bradesco Global Funds units may be offered, sold or delivered in those countries in which they have received marketing authorization.