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This website is not an offer for the sale or subscription of investment in an investment fund (hereinafter referred to as the Fund). Archipelago Investimentos Ltda. (hereinafter referred to as ARCHIPELAGO) does not distribute or trade shares in Funds or any other financial asset. This website is for information purposes only and should be used exclusively by its addresses and not for any other purpose, such as preparation of financial data, marketing materials, or for providing information to any administrative authorities (regulatory, tax, among others) or establishment of the Fund net asset value. The information contained in this website may not be disclosed to third parties without the prior and express consent of ARCHIPELAGO. The information used by ARCHIPELAGO derives from sources it believes to be reliable, but it accepts no responsibility for the accuracy of the information obtained and utilized herein. ARCHIPELAGO is not responsible for any calculation or other errors, nor for investments decisions taken based on this material. The results of operations obtained in the past do not guarantee future results and do not contain any guarantee by ARCHIPELAGO, by any of its affiliates, by the manager, or by any insurance mechanism. The offer and sale of shares of the fund in certain jurisdictions may be restricted by law. The investor is advised to read the Fund´s offering documents carefully and consult his/her/its own counsel advisors as to all legal, tax, regulatory financial related matters concerning an investment in the fund before investing. Both risk exposure and the possibility of a total loss are inherent to investments.