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Performance

BRAZILIAN INVESTORS FUNDS

Date Share Value (R$)             Month (%)     Year (%)     12 months (%)     60 months (%)    

IP-PARTICIPAÇÕES

09/20 41.84343275 0.30 8.95 17.44 85.19

IP-VALUE HEDGE

09/20 731.85217449 1.12 15.49 19.58 94.14

Benchmark

Date Value              Month (%)     Year (%)     12 months (%)     60 months (%)    
CDI (IN R$) 09/20 --- 0.42 7.88 11.84 70.06
BRAZILIAN REAL / US DOLLAR (IN R$) 09/20 3.13 -0.38 -3.61 -3.81 54.91
IBOVESPA (IN R$) 09/20 76,004.15 7.30 26.20 31.64 23.21
IBRX (IN R$) 09/20 31,538.06 7.17 27.23 31.56 45.40
IGPM (IN R$) 08/31 --- 0.10 -2.57 -1.72 28.51