We are pleased to present the Q3 2024 Management Report for FAMA LatAm Climate Turnaround FIA IS. We remain firmly committed to our mission of proving that decarbonization is a sound investment.

During this period, we expanded our portfolio to include Marfrig, one of Brazil’s largest meat producers and exporters, with strong potential to unlock greater value through full traceability and the natural capital embedded in its supply chain.

We remain committed to advancing improved risk and opportunity management related to the climate transition among major greenhouse gas emitters, increasingly confident that these efforts will translate into more attractive financial returns. With the investment in Marfrig, we believe the company has the potential to become an international benchmark for low-carbon, deforestation-free agribusiness, while also driving positive systemic impact.

This investment reflects our refined and optimistic view of nature-based solutions and the valuation of natural capital as drivers of growth, and we will continue to pursue these opportunities with determination.

We wish you an excellent read and remain available for any questions or further discussions.