Fama FIC FIA Management Report – Q4 2024

In the Q4 2024 Management Report, we reaffirm our confidence in the companies that make up our portfolio and in their ability to consistently create value, regardless of short-term market fluctuations.

Our focus remains on investing in businesses with resilient models, sound capital allocation, and leadership committed to sustainable growth. Well-positioned companies not only navigate challenging periods with strength but often emerge even stronger, expanding their competitive advantages and solidifying their relevance within their sectors.

We remain actively engaged with our investee companies, encouraging strong governance practices and the development of strategies that prioritize long-term business sustainability. We maintain discipline in both management and company selection, always seeking businesses with structural advantages and the ability to adapt over time.

We are committed to a responsible approach focused on generating sustainable value for our investors.