BRADESCO GLOBAL FUNDS Brazilian Equities USD I

Prior Latin America ex- Equity - Fund name and investment policy changed on 27 July 2017 As of 28/02/2018

Fund Description Calendar Year Net Returns (USD %) - from July 27: Brazilian Equities USD I 20,0 The fund seeks to maximize returns by investing in public 16,6 15,5 listed companies which carry out a preponderant part of 7,8 5,8 their economic activities in Brazil. 4,2 4,7 5,5 4,1 0,0 -1,2 -2,5 -3,1-3,2 -3,1 -3,0 Fund Facts

-20,0 Fund Size $ 12.9 million Feb 2018 Jan 2018 Dec 2017 Nov 2017 Oct 2017 Sep 2017 Jul & Aug 2017

Return (from July 27) Inception Date * 30/05/2014

Domicile Luxembourg Brazilian Equities USD I MSCI Brazil 10/40 NR USD * Legal Status SICAV / UCITS Calendar Year Net Returns (USD %) - until July 26: Latin America ex Brazil USD I Base Currency US Dollar 30,0 20,6 19,9 Subscription / Redemption Daily 10,0 Settlement Day 4 1,0 -2,0 -10,0 -11,9 -10,8 Share Class Information -16,8 -18,9 -30,0

Return 2017 (until July 26) 2016 2015 2014 ** USD I ISIN LU1057802578 Latin America ex Brazil USD I MSCI EM Latin America ex Brazil NR USD * Ticker BBG BGLAXBI LX Risk Statistics Sector Allocation (%) Annual Fee (%) 0,80 Std Dev 19,15 26,8 Inception Date 30/05/2014 Financial Services Minimum Investment 1,000,000 US Dollar Alpha 31,97 21,9 Consumer Cyclical Beta 0,56 11,2 Consumer Defensive R2 28,53 8,1 Basic Materials Sharpe Ratio (arith) 2,63 6,7 Industrials Tracking Error 15,04 6,5 Real Estate 3,9 Energy 3,8 Healthcare 3,3 Holdings-Based Style Map Utilities 3,3 Communication Services 0,8 Technology 0,0 10,0 20,0 30,0 40,0 Giant

Top 10 Holdings Country Sector Fund (%) CVC Brasil Operadora e Agencia de Viagens SA Brazil Consumer Cyclical 9,0 Itausa Investimentos ITAU SA Brazil Financial Services 8,9 Bank Bradesco SA Pref Shs Brazil Financial Services 8,6

Mid Large SA BB Brasil Brazil Financial Services 4,6 Petroleo Brasileiro SA Brazil Energy 4,6 Ambev SA Brazil Consumer Defensive 4,4 Bradespar SA Pfd Shs Brazil Financial Services 4,4 Itau Unibanco Holding SA Brazil Financial Services 4,4 Vale SA Brazil Basic Materials 4,3 Rent A Car SA Brazil Consumer Cyclical 4,3 Micro Small Deep-Val Core-Val Core Core-Grth High-Grth Total number of positions 34

* MSCI Brazil 10/40 and MSCI EM Latin America ex Brazil are reference indexes. The fund has no official benchmark index ** From inception date until year end BRADESCO GLOBAL FUNDS Brazilian Equities USD I

Fund Investment Objective About BRAM Bradesco Global Funds – Brazilian Equities aims to obtain a superior return in the long term by investing mainly in equity and equity related securities BRAM was created in 2001 from the consolidation of Bradesco’s asset of companies which have their registered office in, and with an official management divisions and Bradesco-owned asset managers, bringing listing on a major stock exchange or other Regulated Market of Brazil, as together over 40 years of expertise in the Latin America market. BRAM has well as in companies which carry out a preponderant part of their economic an excess of US$170 billion of assets under management from Brazilian, activities in Brazil. Asian and American retail, private, corporate and institutional clients. BRAM has strong investment capability in fixed income and equities. BRAM is a wholly owned subsidiary of , Brazil’s largest privately- owned bank. Fund Investment Policy Diversified portfolio mainly invested in shares and other equity related securities issued by companies and financial institutions listed on the major stock exchange in Brazil, including American Depository Receipts (ADR) and International Depository Receipts (IDR).

Manager BRAM - Bradesco Asset Management 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

Contacts

BRAM - Bradesco Asset Management S.A. DTVM Tel. +55 11 3847 5188 [email protected]

Bradesco Global Funds – Brazilian Equities 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.