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Past performance does not guarantee future returns. To prospective investors, it is recommended the careful reading of the prospectus and terms of the fund in its entirety. Investment funds do not have any warranty from the administrator, investment manager nor any other insurance structure, or even the Fundo Garantidor de Créditos – FGC. Sparta funds use derivatives as part of its investment strategies. By the way they are employed, it may result in substantial losses, including the possibility of losses greater than the net assets of the fund, in which case the investors are obligated to invest additional funds to offset the balance of the fund. Sparta funds are authorized to invest in foreign markets. Multi-market and stock funds with equity positions may be exposed to high concentration in assets from a few issuers, with the risks derived from it. Returns are net of fees, but are not net from taxes. This material does not constitute an offer or recommendation and it is for informational purpose only. Sparta is not responsible for investment decisions that may be taken based on the information herein contained. Sparta do not sell nor distribute shares of investment funds or any other security. Sparta funds are officially distributed by Smart Agentes Autônomos de Investimento Ltda, with principal office at Av. Ibirapuera, 2332 – Torre 1 – Cj 71 – Parte, São Paulo – SP – Brazil, CEP 04028-002, CNPJ 09.642.933/0001-57, phone +55 (11) 5054-4700, e-mail contato@sparta.com.br , website www.sparta.com.br . To check out last month returns, year-to-date returns, arithmetic mean of the net assets in the last 12 months, benchmark returns, inception date and other information regarding our funds, please visit the website www.sparta.com.br  and click in the link ‘Funds’. Investment Manager: Sparta Administradora de Recursos Ltda. - Av. Ibirapuera, 2332 - Torre 1 Cjto. 71 - CEP 04028-002 - São Paulo. Administrator: BNY Mellon Serviços Financeiros DTVM S/A, situated on Av. Pres. Wilson, 231, 11o floor, Rio de Janeiro - RJ, CEP 20030-905, CNPJ 02.201.501/0001-61. Client Service: www.bnymellon.com.br/sf  or by phone +55 (21) 3974-4600. Ombudsman: www.bnymellon.com.br/sf  or by phone 0800-7253219.

 
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