BTG Pactual Best Fixed Income and Equities Fund Manager in Brazil Standard & Poor's and Valor Econômico Investment funds do not rely on any guarantee from the administrator of the fund, the manager of the portfolio, any insurance mechanism or from the Credit Guarantee Fund (local acronym - FGC). Any past profitability does not represent guarantee of future profitability. A careful reading of the prospectus and of the by laws is advisable for the investor when making investments. Investors should be prepared to take the risks inherent to the various markets in which the funds operate and, consequently, any possible variations in the invested equity.