KDOL11 is a Fiagro focused on dollar-pegged agribusiness credit. Its portfolio funds CitroSuco, an orange grower in São Paulo and Minas Gerais, and Adami, a forest producer in Caçador (SC) and Paraná. The main risk is the high concentration of just two debtors, due in 2031, in addition to foreign exchange exposure and agricultural cyclicality. Its differential is the structure of American currency debts for large companies.
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