The fund invests in agribusiness bonds, focusing on CRAs from companies such as FS Bioenergia, Lavoro, São Martinho and Minerva, active in the sugar-alcohol, resale and fertilizer sectors. The main risk involves debtors' default and strong agricultural cyclicity, amplified by commodity price volatility and extreme weather events. Its differential is the analysis that crosses the commodity price cycle with ESG criteria.
...and much more!