Panda Agriculture & Water Fund FI

The exposure to variable income shall be at least 75%, exclusively in companies in the agri-food and water sector. The portfolio will be diversified into companies that produce, process and market agricultural products, as well as suppliers of machinery, equipment and fertilizers, and up to 20% in any company related to the water sector, with the exception of those that operate under the utility model, i.e., that are regulated, and that normally operate under a public concession contract. There will be no limit in terms of geographic distribution or capitalization. Panda Agriculture & Water Fund is not a commodities fund, it invests in the leading companies in the global agricultural and water sector.