CVM Instruction No. 577 of July 7, 2016

COMMISSION OF SECURITIES AND EXCHANGE - CVM
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CVM INSTRUCTION NO. 577, OF JULY 7, 2016

Amends the Accounting Plan for Investment Funds - COFI, annex to CVM Instruction No. 438, of July 12, 2006.

THE PRESIDENT OF THE COMMISSION OF SECURITIES AND EXCHANGE - CVM makes public that the Collegiate Board, in a meeting held on June 29, 2016, in view of the provisions of Articles 1, item I, 2, item V, and 8, items I and III of Law No. 6,385, of December 7, 1976, APPROVED the following Instruction:

Art. 1 This Instruction approves the amendments to the Accounting Plan for Investment Funds – COFI, annex to CVM Instruction No. 438, of July 12, 2006.

Art. 2 This Instruction enters into force on the date of its publication, applying to fiscal periods beginning on or after January 1, 2017.

Signed original by
LEONARDO P. GOMES PEREIRA
President

COMMISSION OF SECURITIES AND EXCHANGE - CVM
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CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

Objective

1 - The standards embodied in this Accounting Plan aim to standardize the accounting records of administrative acts and facts practiced and economic events that occurred, rationalize the use of accounts, establish rules, criteria, and procedures necessary for obtaining and disclosing data, enable the monitoring, analysis, evaluation of performance, and control of the investment funds specified below, so that the accounting statements prepared express, with fidelity and clarity, the real economic-financial situation of the fund.

2 - The standards and procedures, as well as the standardized accounting statements provided for in this Plan, are mandatory for:
a) Investment Funds (CVM Instruction No. 555/2014); b) Investment Funds in Investment Fund Shares (CVM Instruction No. 555/2014); c) FMP – FGTS – Mutual Privatization Fund – With Resources Available from the FGTS Linked Account (CVM Instruction No. 279/1998); d) FMP-FGTS-CL – Mutual Privatization Fund – FGTS Free Portfolio (CVM Instruction No. 279/1998); e) FAPI – Individual Programmed Retirement Funds (Law No. 9,477/1997); f) Index Market Investment Funds – Index Funds (CVM Instruction No. 359/2002).

3 - Since the Accounting Plan is an integrated set of standards, procedures, and criteria for accounting bookkeeping in a generic way, the guidelines embodied in it, as well as the existence of accounting titles, do not presuppose permission for the practice of operations or services prohibited by law, regulation, or administrative act, or dependent on prior authorization from the CVM.

4 - The chapters of this Plan are hierarchized in the order of presentation. Thus, in cases of interpretation doubt between Basic Standards and the List of Accounts, the Basic Standards prevail.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
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CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

Bookkeeping

1 - It is the competence of the Securities and Exchange Commission – CVM, to issue general standards of accounting and statistics to be observed by Investment Funds. Such competence is provided for in Laws No. 10,303/2001 and 10,411/2002.

2 - The bookkeeping must be complete and permanent, keeping in records all administrative acts and facts that modify or will modify, immediately or not, the patrimonial composition of the fund.

3 - The simple accounting record does not constitute a sufficiently probative element; the bookkeeping must be based on documents suitable for the perfect validity of administrative acts and facts. The proof of entries via data processing shall be made through the presentation of suitable documents.

4 - In addition to legal provisions and specific regulatory requirements regarding bookkeeping, the accounting practices adopted in Brazil are also observed, with the administrator being responsible for:
a) adopting uniform methods and criteria over time, with relevant modifications being evidenced in explanatory notes, quantifying the effects on the accounting statements, when applicable; b) registering revenues and expenses in the period in which they occur and not on the date of actual entry or disbursement, in respect of the accrual basis; c) determining results in fixed time periods, observing the determination periods as provided in the corresponding normative act; d) carrying out the appropriate reconciliations of accounting titles with their respective analytical controls and keeping them updated, as determined in the appropriate sections of this Plan, with the respective documentation being archived for a minimum period of 5 (five) years, counted from the year following the end of the fiscal year.

5 – The fiscal, tax, and civil characteristics of any assets and liabilities, which are governed by their own regulation, do not alter the form of accounting classification.

6 - The lack, delay of accounting reconciliations and bookkeeping for a period exceeding 15 (fifteen) days, subsequent to the closing of each month, or processed in disagreement with the standards embodied in this Accounting Plan, subject the administrator to applicable penalties, in accordance with the relevant legislation or regulation.

7 - The qualified professional responsible for accounting must conduct the bookkeeping within the required standards, observing the accounting practices adopted in Brazil, paying attention, in particular, to professional ethics, with the CVM being responsible for communicating to the competent authority, whenever irregularities are proven, so that appropriate measures are applied.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
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CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

8 - With the objective of preserving substance over form, in extremely rare cases, where the administrator concludes that the adoption of a certain provision provided for in this Plan may result in distorted information, inadequate determination of the investment share's net asset value, or inequitable distribution of results among shareholders, to the point of conflicting with the objectives mentioned in item 1.1.1 - Objectives above, the Fund's administrator may, through the procedure provided for in the following item, refrain from applying a provision provided for in this Plan.

9 - Any specific formal consultations regarding the interpretation of accounting standards and procedures provided for in this Plan must be directed to the CVM/Superintendence of Institutional Investor Relations, and must be signed by the administrator and the qualified professional responsible for accounting. Consultations regarding changes or the adoption of new accounting practices or procedures must be accompanied by the position/manifestation of the independent auditor.

10 - The existence of any consultations regarding the interpretation of current regulatory standards or even suggestions for the re-examination of a certain subject does not exempt the interested administrator from compliance.

11 - Daily off-book control is mandatory:
a) of investments in fixed-income securities and other papers comprising the portfolio, with a record required for each batch of securities with identical characteristics, such as species, issuing or accepting society, nominal value, cost price, term, maturity, and yield rate; b) of the appreciation and depreciation of shares and financial derivative instruments, by issuer and type.

12 - Investment funds have accounting bookkeeping distinct from that of the administrator.

13 - The fund's administrator must keep clearly and objectively, for a minimum period of 5 (five) years counted from the year following the end of the fiscal year, or for a longer period as expressly determined by the CVM in case of an administrative process, all reports, documents, and information that support the procedures provided for in this Accounting Plan.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
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CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

Date of Closing of the Fiscal Year

1 – The date of closing of the fund's fiscal year must coincide with the end of one of the months of the civil calendar and be expressed in the regulations.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
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CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

List of Accounts

1 - The arrangement of accounting titles in the List of Accounts observes, in the List of Accounts, the sequence of the account code, and, in the Function of Accounts, alphabetical order.

2 - The coding of accounts observes the following structure:
a) 1st digit - GROUPS
I - Asset:
1 - Realizable;
3 - Compensation;
II - Liability:
4 - Payable;
6 - Shareholders' Equity;
7 - Revenue Accounts;
8 - Expense Accounts;
9 - Compensation. b) 2nd digit - SUBGROUPS c) 3rd digit - SUBDIVISIONS OF SUBGROUPS d) 4th and 5th digits - ACCOUNTING TITLES e) 6th and 7th digits - SUB-TITLES OF ACCOUNTS f) 8th digit - CONTROL (check digit)

3 - The control digit of the account is obtained according to the rule below:
a) multiply the digits of the code, sequentially, by 3, 7, and 1, from right to left; b) sum the 7 (seven) resulting parts; c) divide the total obtained by 10 (ten); d) the difference between 10 (ten) and the remainder (R) of this division, i.e., (10 - R) is the control digit, as in the example below:
code: 1.1.1.10.00
3 1 7 3 1 7 3
¦ ¦ ¦ ¦ ¦ ¦ ¦ 0 X 3 = 0
¦ ¦ ¦ ¦ ¦ ¦ 0 X 7 = 0
¦ ¦ ¦ ¦ ¦ 0 X 1 = 0
¦ ¦ ¦ ¦ 1 X 3 = 3
¦ ¦ ¦ 1 X 7 = 7
¦ ¦ 1 X 1 = 1
¦ 1 X 3 = 3 .
Sum 14 : 10 = 1, remainder = 4
CONTROL (check digit) = 10 - 4
CONTROL = 6

COMMISSION OF SECURITIES AND EXCHANGE - CVM
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

e) if the remainder of the division is 0 (zero), the control digit is also 0 (zero).

4 – No element characterizing the standardized account may be altered or modified, namely: code, title, sub-title, or function.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

Classification of Accounts

1 - Realizable Asset - accounts are arranged in descending order of liquidity degree.

2 - Payable Liability - accounts are arranged in descending order of exigibility degree.

3 - Shareholders' Equity - is divided into:
a) Investment Shares; b) Accumulated Profits or Losses.

4 - Rectifying Accounts - appear in a subtractive manner, after the group, subgroup, subdivision, or account to which they refer.

5 - Compensation Accounts - Compensation Accounts are used to record any administrative acts that may become rights, gains, obligations, risks, or burdens effective, resulting from future events, whether foreseen or not.

6 - Subdivisions - for the purpose of evidencing the source of the resource, the direction of the credit, and the nature of the operations, the Asset and Liability are subdivided into the following levels:
a) 1st degree - group; b) 2nd degree - subgroup; c) 3rd degree - subdivisions of the subgroup; d) 4th degree - title; e) 5th degree - sub-title.

7 - Internal Use Sub-titles – Internal use subdivisions may be adopted or official subdivisions may be subdivided, by CVM requirement or due to internal control and managerial needs, and in any case, must be convertible to the standardized system.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
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CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

Bookkeeping Books

1 - The administrator must maintain the Daily Journal or the Daily Balance Sheets and Balance Books and other mandatory books, observing the provisions provided for in laws and regulations.

2 - The Daily Balance Sheets and Balance Book must consign, in chronological order of day, month, and year, the daily movement of accounts, discriminating for each of them:
a) the previous balance; b) the debits and credits of the day; c) the resulting balance, with indication of creditors and debtors.

3 – The investment fund must possess the Daily Journal, or the Daily Balance Sheets and Balance Book, legalized at the competent authority.

4 - The supporting documents of the operations subject to registration must be archived and presented whenever requested to prove the administrative acts and facts practiced by the administrator.

5 - The documents referring to the operations constitute probative records of the entries transcribed in the Daily Balance Sheets and Balance Book.

6 – The adoption of the Daily Balance Sheets and Balance Book obliges the maintenance of analytical controls that allow identifying, at any time, the composition of account balances.

7 – The fund that adopts the Daily Journal must bookkeep the General Ledger in a way that allows identifying, at any time, the composition of account balances.

8 - In the General Ledger, when used, elucidative histories of the registered events must be prepared, with indication of the account (name or code-number) in which the counter-entry of the accounting entry is registered or with indication of the sequential number of the respective entry sheet in the daily movement, provided that the same encompasses the information regarding the counter-entry.

9 – The fund's administrator may maintain, in substitution for the books and other documents mentioned above, at their discretion, accounting records in the form of:
a) continuous forms, loose sheets, cards, or sheets, provided they are sequentially numbered mechanically, electronically, or typographically and bound in book form with the same legal requirements of these and are also authenticated by the Titles and Documents Registry Office where the fund is registered; or b) files on magnetic media, provided that the authenticity of the file can be ascertained through a digital certificate issued by a specialized certifying authority and are also authenticated by the Titles and Documents Registry Office where the fund is registered.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

10 – The books and other documents previously mentioned may be kept in electronic form, observing the specific legal and regulatory provisions governing the matter.

11 – The electronic means used must possess security devices that guarantee the integrity of the registered information. Modification of previously registered information must be made through a new accounting record.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 1 - General Principles

Shareholders' Equity

1 - Shareholders' Equity of the fund is understood as the difference between the total of realizable assets and payable liabilities.

2 - Shareholders' Equity, determined with the periodicity established in specific regulation, must demonstrate the real patrimonial situation of the Fund.

3 - The values corresponding to the issuance and redemption of shares are recorded in INVESTMENT SHARES.

4 - Variations in share redemptions are registered as a debit or credit to the rectifying account of Shareholders' EQUITY IN SHARE REDEMPTIONS, with its balance being transferred to ACCUMULATED PROFITS OR LOSSES, upon the preparation of the accounting statements.

5 - Once the result is determined, its transfer from RESULT DETERMINATION to ACCUMULATED PROFITS OR LOSSES is carried out.

6 – The value of the share of the day is the result of dividing the value of shareholders' equity by the number of shares of the fund, both determined at the closing of the day, understood as the closing time of the markets in which the fund operates, with the value of the share of the day being calculated from the shareholders' equity of the previous day, duly updated by one day, in the cases provided for in specific regulation.

7 – The amortization value corresponding to the issuance value must be registered in INVESTMENT SHARES in the sub-title AMORTIZATION.

8 – The amortization value corresponding to the accumulated result of the fund must be registered in VARIATIONS IN SHARE AMORTIZATION, with the balance being transferred to ACCUMULATED PROFITS OR LOSSES, in an internal use sub-title, upon the preparation of the accounting statements.

9 - The cash contribution to cover negative shareholders' equity, up to the limit of this, must be registered in INVESTMENT SHARES, in an internal use sub-title, without the issuance of new shares.

COMMISSION OF SECURITIES AND EXCHANGE - CVM
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - ACCOUNTING PLAN FOR INVESTMENT FUNDS - COFI

CHAPTER 1 - Basic Standards

SECTION 2 - Criteria for Accounting Valuation and Appropriation

General Provisions

1 – The assets comprising the investment funds' portfolio must be valued daily at fair value, recognizing accounting appreciation or depreciation in counter-entry to the appropriate revenue or expense account, in the period's result. The fair value of the asset must not be adjusted to reflect transaction costs.

2 – The administrator must use appropriate measurement techniques for the circumstances and for which sufficient data are available to determine fair value, maximizing the use of relevant observable data and minimizing the use of unobservable data.

3 - The quoted price in an active market (in which the fund may have access) for identical assets on the measurement date (Level 1) offers the most reliable evidence of fair value and must be used without adjustment to measure fair value whenever available.

4 – In situations where the administrator judges that the quoted price does not represent the fair value of the asset on the measurement date, an adjustment to the quoted price in an active market for an identical asset is exceptionally admitted. This may be the case, for example, when significant events occur after the closing of the market in which the asset is traded, but before the measurement date.

5 – In the impossibility of using a quoted (unadjusted) price in an active market, the fund's administrator must use other observable information for the asset in question, making adjustments to this information according to specific factors related to the asset (Level 2). Other observable information may include:
a) quoted prices for similar assets or liabilities in active markets; b) quoted prices for identical or similar assets or liabilities in markets that are not active; c) information, except quoted prices, that are observable for the asset, such as:
c.1) observable interest rates and yield curves in commonly quoted intervals; c.2) implied volatilities; c.3) credit spreads; d) other sources of information, provided they are accepted by the market.

6 – Unobservable data must be used to measure fair value to the extent that relevant observable data are not available, thus admitting situations where there is little or no market activity for the asset or liability on the measurement date (Level 3). However, the objective of fair value measurement remains the same, namely, an exit price on the measurement date from the perspective of a market participant that holds the asset or owes the liability. Therefore, unobservable data reflect the assumptions that market participants would use when pricing the asset or liability, including assumptions about risk.

7 – For situations not addressed in this Accounting Plan, the fund's administrator must use Technical Pronouncement 46 of the Accounting Pronouncements Committee (CPC 46 – Fair Value Measurement), which deals with the criteria and concepts for determining fair value.

COMMISSION OF SECURITIES AND EXCHANGE
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI
CHAPTER 1 - Basic Standards
SECTION 2 - Valuation and Accounting Recognition Criteria

8 – The methodology for determining fair value, at all levels, is the responsibility of the administrator and must be established on consistent and verifiable bases.

9 - In the daily valuation of assets and liabilities denominated in foreign currency, the conversion of the foreign currency into the national currency must be carried out using the Reference Exchange Rate (D2) published by BM&FBOVESPA. If the assets and liabilities traded abroad are not denominated in US dollars, they must first be converted from their respective currencies into US dollars, and then the Reference Exchange Rate (D2) published by BM&FBOVESPA must be used for conversion into the national currency.

10 – In exceptional cases, where the administrator concludes that the use of the Reference Exchange Rate (D2) does not result in the adequate fair value for the fund's share, another rate may be used, provided that its use appropriately reflects the fair value. This fact must be stated in an explanatory note, along with the justification for why the use of D2 does not reflect the fair value for the fund's share. The use of the alternative rate must be carried out consistently, and its source must be publicly accessible, reliable, and frequently disclosed.

11 - If impropriety or inconsistency is found in the classification and valuation processes, the CVM may determine the reclassification and revaluation of the fund's assets, with the consequent recognition of the effects in the financial statements, without prejudice to any applicable sanctions.

12– The adoption of the procedures referred to in this Accounting Plan must produce immediate effects on the result and on the value of the fund's share, observing the other conditions provided for in its bylaws.

13 – The base date for the monthly trial balance is the last day of the month, and for the accounting statements of the period, the last day of the chosen month must be used.

14 - The recording, valuation, and disclosure of securities and financial derivatives that are part of the portfolios of investment funds, whose investor is exclusively a financial institution, an institution authorized to operate by the Central Bank of Brazil, an open or closed complementary pension entity, an insurer, a reinsurer, a capitalization society, or health plan operators, must observe the conditions, requirements, and deadlines established in the specific regulations, if any, issued by the regulators to which the shareholders are linked.

15 – Assets given as collateral for transactions carried out on stock exchanges, futures markets, and organized over-the-counter markets, must be recorded in the respective equity accounts that highlight the linkage, maintaining the original valuation criteria.

16 – The pricing of investment fund shares traded in regulated securities markets may be made using the net asset value per share provided by the administrator, provided that its use more adequately represents the fair value at the time of measurement.

17 - The subscription of shares with the delivery of financial assets must be made at fair value at the time of subscription.

Fixed Income Assets

1 – Fixed income assets that are part of the investment fund's portfolio must be initially recorded at fair value and classified into the following categories:
a) trading assets; b) held-to-maturity assets.

2 – The best evidence of the fair value of a financial instrument at initial recognition is normally the transaction price. If the administrator assesses that the transaction price of the financial instrument is different from the fair value at initial recognition, the difference between the fair value and the transaction price must be recognized in the period's result, at the time of the transaction.

3 – For assets classified as held-to-maturity, transaction costs must be added to the fair value at initial recognition.

4 – In the trading assets category, securities and financial instruments acquired with the purpose of being actively and frequently traded must be recorded.

5 – In the held-to-maturity assets category, securities and financial instruments must be recorded when, on the acquisition date, there is an intention of the shareholders to preserve an investment volume compatible with the maintenance of such assets in the fund's portfolio until maturity, provided that the following conditions are cumulatively observed:
a) the investment fund is intended for a single investor, for investors belonging to the same conglomerate or economic-financial group, or closed investment funds exclusively intended for qualified investors, the latter defined as such by the regulation issued by the CVM regarding the categories of investors of investment funds; b) there is a formal declaration from all shareholders, stating that they have the financial capacity to hold the assets classified in this category until maturity; c) all shareholders who join the fund from the classification in this category formally declare, through the adherence term to its bylaws, their financial capacity and consent to the classification of securities and financial instruments that are part of the fund's portfolio in the category mentioned in this item.

6 – For an investment fund to invest in shares of another investment fund that classifies securities and financial instruments in its portfolio in the held-to-maturity assets category, it is necessary that the same conditions established in the previous item are met by the shareholders of the investing fund.

7 – Securities and financial instruments classified in the trading assets category must be adjusted daily to fair value, computing the appreciation or depreciation in counterpart to the appropriate revenue or expense account in the period's result.

8 – The methodology for determining fair value is the responsibility of the administrator and must be established based on consistent and verifiable criteria, which take into account independence in data collection regarding the rates practiced in their trading desks, if any.

9 - The administrator, in any case, must adjust the valuation of the assets comprising the fund's portfolio whenever there is an indication of probable losses in the realization of their value.

10 – Securities and financial instruments classified in the held-to-maturity assets category must be evaluated daily at amortized cost.

11 - The recognition of earnings must be carried out considering the business days between the date of contracting and the date of maturity of the operation, excluding the day of the operation and including the day of maturity.

12 – The reclassification of assets between the categories provided for in item 1.2.2.1 must be carried out immediately if a change is found in the parameters that led to the original classification at acquisition, observing the following procedures:
a) in the event of transfer from the held-to-maturity assets category to the trading assets category, unrealized gains and losses must be recognized immediately in the period's result; b) except in the occurrence of an extraordinary event, reclassification of any title held in the portfolio and classified in the held-to-maturity assets category is permitted only once; if there is a new reclassification, of the same or another title, during the current fiscal year or during the 2 (two) subsequent fiscal years, the entire portfolio must be reclassified into the trading assets category; c) the fund must not classify any asset as held-to-maturity if during the current fiscal year or during the 2 (two) previous fiscal years it has reclassified any title from the portfolio to the trading assets category.

13 - The transfer from the held-to-maturity assets category to the trading assets category may only occur for unforeseen reasons, occurring after the classification date, so as not to discharacterize the intention and financial capacity declared by the shareholders as the foundation for classification in that category.

14 - The documentation that serves as the basis for reclassification, duly accompanied by the administrator's statement of reasons, must remain available to the CVM.

15 – Reclassification of securities and financial instruments classified in the trading assets category into the held-to-maturity assets category is prohibited.

16 - The income earned from bonds, including those representing external debt of the Union and other assets traded in the international market, must be recognized considering the net value of taxes and contributions withheld at source, when applicable.

17 - In fixed income operations where financial settlement occurs on a date subsequent to the contracting date or the maturity date, the recognition of earnings must consider the financial settlement dates as the contracting date and the maturity date of the operation.

Variable Income Assets

1 – Variable income assets that are part of the investment fund's portfolio must be initially recorded and evaluated daily at fair value, computing the appreciation or depreciation in the appropriate revenue or expense account in the period's result.

2 - The best evidence of the fair value of a financial instrument at initial recognition is normally the transaction price. If the administrator assesses that the transaction price of the financial instrument is different from the fair value at initial recognition, the difference between the fair value and the transaction price must be recognized in the period's result, at the time of the transaction.

3 – Variable income assets must be classified as trading assets.

4 - The valuation of variable income assets, for which there is an active and liquid market (Level 1), must be made using the daily closing quote of the market in which the asset has the greatest liquidity.

Derivatives

1 - Transactions with financial derivative instruments carried out by investment funds must be recorded in the appropriate asset or liability accounts and evaluated daily at fair value, computing the appreciation or depreciation in the appropriate revenue or expense account in the period's result, with compensation of revenue with expense in distinct contracts being prohibited.

2 - On the date of the operation:
I - in forward operations, the acquired or alienated assets must be accounted for at their spot market quotation values, with the installments to be received or paid fixed for a future date adjusted to present value, taking the rate of each contract as the basis; II - in operations with options, register the value of premiums paid or received in the appropriate asset or liability account; III - in operations with other financial derivative instruments, register in asset or liability accounts according to the characteristics of the contract.

3 - The reference value of operations with financial derivative instruments must be registered in clearing accounts.

4 – Assets acquired through operations with derivatives or resulting from the dismemberment of these operations must be classified, on the date of receipt of the asset subject to the operation, into one of the categories provided for in this Accounting Plan.

5 – In futures market operations, the value of the contract must be registered in clearing accounts, with daily adjustments recognized in result accounts.

6 – In operations with options:
I – contracts must be evaluated at fair value; II – exercise values, to be paid and to be received, accounted for in clearing accounts.

7 - Operations with financial derivative instruments that produce fixed or predetermined results must be evaluated, together, as fixed income financial assets and adjusted daily at fair value.

Loans
Securities and financial instruments lent must be recorded in the LOANS OF SECURITIES AND FINANCIAL INSTRUMENTS RIGHTS account, and evaluated at fair value.

1.1. The remuneration contracted in the operation of securities and financial instruments lent must be recognized over the term of the contract, pro rata temporis, and registered in the LOANS OF SECURITIES AND FINANCIAL INSTRUMENTS RIGHTS INCOME account.

Securities and financial instruments borrowed and sold must be recorded in the BORROWED AND SOLD SECURITIES AND FINANCIAL INSTRUMENTS account and evaluated at fair value.

2.1 The charge and emolument contracted in the operation of borrowed securities and financial instruments must be recognized over the term of the contract, pro rata temporis, and registered in the BORROWED SECURITIES AND FINANCIAL INSTRUMENTS EXPENSES account.

Revenues and Expenses

1 - Earnings and fair value adjustments of the fund's financial assets are recorded daily in the appropriate result accounts.

2 - The recognition of the fund's revenues and expenses is made pro rata business day, observing, where applicable, the following criteria:
I - Fixed Rate Operations:
a) active and passive operations contracted with fixed revenues and charges for a future date are accounted for at present value, with revenues and charges to be recognized registered in a subtitle for internal use of the title itself or the accounting subtitle used to record the operation; b) the revenues and charges of these operations are recognized daily, credited or debited to the effective revenue or expense accounts, as the case may be, due to the flow of their terms; c) the recognition of the revenues and charges of these operations is made using the exponential method, with linear method recognition being admitted for those contracted with a simple interest clause. II - Post-fixed or Floating Rate Operations:
a) active and passive operations contracted with post-fixed or floating revenues and charges are accounted for at the principal value, debited or credited to the accounts that record them. These same accounts accommodate the interest and monthly adjustments resulting from the variations in update indices or contracted charges, in the case of floating rates; b) the revenues and charges of these operations are recognized daily, credited or debited to the effective revenue or expense accounts, as the case may be, due to the flow of their terms; c) the recognition of the daily revenues and charges of these operations is made using the exponential method, with linear method recognition being admitted for those contracted with a simple interest clause, according to the indexer used for the correction of the following month relative to the current month, pro rata temporis in the case of post-fixed rate operations, or with observance of the contracted rates, in the case of operations with floating charges.

3 – The profits or losses determined in the sale of assets are accounted for in the appropriate result accounts, following the criteria below:
a) Fixed income assets: sale value minus the updated value up to the day of sale; b) Variable income assets: sale value minus the fair value of the immediately preceding day.

4 - Revenues from committed operations are recorded in the appropriate result accounts.

5 – Revenues that occur on an occasional basis and do not fit into other result accounts are recorded as credit to OTHER OPERATIONAL INCOME.

6 – Dividends and interest on equity are recorded as revenue when the corresponding shares are considered ex-rights on the stock exchange.

7 - The fund's expenses and charges, recognized daily and per business day, are recorded in specific accounts, except for those that, according to current regulations, are borne by the administrator.

8 – The CVM inspection fee, and other expenses paid in advance, must be registered as prepaid expense on the date of payment, and must be recognized daily in the result according to the period to which they refer.

9 - Brokerage fees and emoluments paid upon the sale of securities and financial instruments are recorded as debit to the appropriate result account.

10 - The management fee and performance fee must be calculated per business day, according to the fund's bylaws, and recognized in a periodicity compatible with the fund's liquidity.

11 – The entry and/or exit fee, if any, must be recognized in the appropriate accounts of the period's result.

12 – Payments made directly by the fund to service providers, included in the management fee, must have registration in specific subaccounts of liability and result.

13 – Payments to be made to other investment funds as payment of remuneration agreement, as established in specific regulation, based on the management fee and the performance fee, must have registration in specific subaccounts of liability and result.

14 – Amounts to be received from other investment funds as payment of remuneration agreement, as established in specific regulation, based on the management fee or the performance fee, must have registration in specific subaccounts of asset and result.

15 - Expenses that occur on an occasional basis, for which the Fund is responsible, and that do not fit into other result accounts, are recorded as debit to the OTHER ADMINISTRATIVE EXPENSES account.

16 - Occasional losses that are not covered by an insurance policy and cannot be directly attributed to the fault or negligence of the administrator are recorded as debit to OTHER OPERATIONAL EXPENSES.

Financial Statements

1 – The presentation of audited financial statements is mandatory. If the administrator exercises the option not to audit the financial statements of funds in operation for less than 90 (ninety) days, the audit of the financial statements of the following year must cover the period between the beginning of the fund's activities and the end of the reporting period, and this period cannot exceed 15 (fifteen) months.

2 – The preparation of the following financial statements, tables, and supplementary statements is mandatory – standardized, supplemented by explanatory notes, whenever necessary for the complete clarification of the financial situation and results:
I - daily: the Daily Report (document no. 1)
II - monthly:
a) – Trial Balance (document no. 2); b) – Statement of Composition and Diversification of the Portfolio (documents no. 3). III - at the end of each fiscal year:
a) - the financial statements, composed of the following documents and accompanied by the report of the independent auditor:
a.1) Statement of Composition and Diversification of the Portfolio (Document no. 3); a.2) Statement of Evolution of Shareholders' Equity (document no. 4); a.3) Explanatory Notes. b) – Statement of Evolution of Share Value and Profitability (document no. 5).

3 - The financial statements of investment funds are comparative with the previous period. In the event of a transfer of administration during the period, the evolution of equity statement must cover the complete period.

SECURITY AND EXCHANGE COMMISSION OF BRAZIL (CVM) Seven of September Street, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016
TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI
CHAPTER 1 - Basic Standards

2 - Explanatory Notes

1 – In addition to the information provided in specific items of this Accounting Plan, the explanatory notes must indicate, when applicable:

I - Operational Context - must contain the date of the first capitalization of resources; if originating from a spin-off or merger process (indicating the originating fund); the target audience; whether intended for qualified or non-qualified investors; the objective stated in the fund's bylaws; summary of the adopted strategy; risks incurred by unitholders inherent to the investments, including the possibility of capital contribution in case of negative net equity, when applicable; obligatorily, the following expression must also appear: "Investments in funds are not guaranteed by the administrator or by any insurance mechanism, nor by the Credit Guarantee Fund - FGC".

II - Presentation and Preparation of Financial Statements - describe that the financial statements were prepared in accordance with accounting practices applicable to investment funds, supplemented by the standards provided in this Accounting Plan and the guidelines issued by the Securities and Exchange Commission (CVM).

III - Accounting Practices - must contain the description of the criteria adopted for the recording of revenues and expenses, as well as for the valuation of assets and liabilities comprising the fund's equity.

IV - information covering, at a minimum, the following aspects:

a) relating to each category of assets according to the classification provided in item 1.2.2.1:

a.1) the amount, nature, and maturity bands (at least up to 365 days and above, considering the date of the financial statements);

a.2) the amortized cost value and fair value, of titles classified in the category held to maturity;

a.3) the amount of reclassified titles, the impact on the result, and the reasons that led to the reclassification;

a.4) the declaration regarding the investor's intention and financial capacity to hold titles classified in this category until maturity;

b) qualitative and quantitative information relating to financial derivative instruments, highlighting:

b.1) utilization policy;

b.2) risks associated with each market operation strategy, internal controls, and parameters used for managing these risks and the results obtained regarding the proposed objectives;

b.3) valuation and measurement criteria, methods, and significant assumptions applied in determining fair value;

b.4) values recorded in asset, liability, and offsetting accounts, segregated by category, as well as those intended for hedging and trading;

b.5) values grouped by asset, reference index, and maturity bands, highlighting reference values, cost, fair value, and portfolio risk values;

b.6) gains and losses in the period;

b.7) value and type of margins given as collateral.

c) objectives, strategies, and instruments used for the effective risk management adopted by the Fund manager.

V - Issuance, Amortization, Portability, and Redemption of Shares – the criteria adopted in the issuance, amortization, portability, and redemption of shares must be presented, informing the conversion and payment of amortizations and redemptions.

VI - Remuneration of the Administrator (Management and Performance Fees) – the amount appropriated as management and performance fees must be stated in this item, informing the criteria adopted for calculation and payment, including, when applicable, third-party services on behalf of the administrator.

VII - Management, Custody, Treasury, Consulting, and Outsourced Services - There must be a mention if these services are performed by the administrator itself or by contracted third parties. If performed by third parties, these must be listed, including the types of outsourced services, such as portfolio management, back-office, share distribution, etc.

VIII - Fund Operations with Administrator/Manager and/or Affiliated Companies - it must be informed whether the fund operated exclusively or substantially with the Brokerage firm of the group or manager. It must also be informed whether the fund operated with titles issued by companies affiliated with the administrator/manager.

IX - Tax Legislation - a summary of the fund's fiscal rule must be provided, mentioning, when applicable, the current income tax rate and other taxes levied, taking into consideration the composition of the fund's portfolio in the respective fiscal year, portability, etc. If changes in legislation already scheduled for the next fiscal year exist, this must be informed, as well as the deadline allowed for its implementation.

X – Results Distribution Policy – must inform which criterion was adopted; whether incorporated into the share value or distributed directly to unitholders.

XI - Information Disclosure Policy - inform the information disclosure policy, mentioning the communication media used, such as: newspaper, internet, mail, and others, as well as the forms of access to the unitholder service.

XII - Other Information - Include the average net equity value, profitability, and benchmark of the current and previous fiscal year.

XIII – Legal Demands

XIV - Subsequent Events - describe subsequent events if any.

XV – Additional Information - there must be identification of the accountant and the director responsible for the fund.

XVI – Statutory Changes Occurred During the Period.

XVII – Fund Liquidation – the explanatory notes to the fund's financial statements must contain an analysis regarding whether redemption values were paid under equitable conditions and in accordance with relevant regulations, as well as regarding the existence or non-existence of unrecorded debts, credits, assets, or liabilities.

XVIII – Information on Transactions with Related Parties:

a) The institution administering the investment funds must also include in an explanatory note information about any transactions carried out between the fund and the administering institution, manager, or any party related to them, so that information users can assess the extent of the effects of these transactions on the investment fund's equity, financial, and results position.

b) The term related party is used in this item with the meaning adapted from Technical Pronouncement CPC 05(R1), approved by CVM Deliberation No. 642, of October 7, 2010, and must be applied in relation to the administering or managing institution of the investment fund that reports the information.

c) The administering institution must disclose, at a minimum, the following information:

c.1) nature of the existing relationship;

c.2) amount of transactions carried out;

c.3) existing balances;

c.4) provision for doubtful credit collection related to the amount of existing balances, when applicable;

c.5) result recognized in the period related to the transaction;

c.6) brokerage expenses appropriated in the period;

c.7) average rates practiced, by type of instrument, in bond and securities purchase operations, when applicable, with the exception of purchases of federal public bonds and applications in repo operations;

c.8) any other relevant information for understanding the effects of the transactions.

d) The disclosure referred to in item c must be made separately for each type of transaction and counterparty involved.

e) Examples of transactions to be disclosed include:

e.1) purchase of bonds and securities from the administering institution, manager, or related party;

e.2) sale of bonds and securities to the administering institution, manager, or related party;

e.3) use of a brokerage firm related to the administering institution or manager;

e.4) execution of repo operations with a financial institution related to the administering institution or manager;

e.5) execution of operations with financial derivative instruments whose counterparty is the administering institution, manager, or party related to them;

e.6) provision of other services to the fund performed by a party related to the administering institution or manager;

e.7) any other transaction between the fund and the administering institution, manager, or party related to them.

f) The information on purchase and sale operations of federal public bonds and repo operations between the fund and the administering institution, manager, or party related to them must be presented in table form, as follows:

Definitive Purchase and Sale Operations of Federal Public Bonds Carried Out with Related Parties

Month/Year	Definitive purchase and sale operations of federal public bonds carried out with related parties / total definitive operations with federal public bonds	Average daily volume / Average daily fund equity	(Price practiced / Average daily price *) weighted by volume
			(*) Inform the source used

Repo Operations with Related Parties

Month/Year	Repo operations carried out with related parties / total repo operations	Average daily volume / Average daily fund equity	Average contracted rate / SELIC Rate

g) Disclosure of the general conditions and terms under which the transactions were carried out is mandatory.

h) The declaration that transactions with the administering institution, manager, or party related to them were carried out in an equitable manner can only be made if the general conditions and terms can be effectively proven.

i) Atypical transactions carried out after the closing of the fiscal year or period, but before the authorization of the issuance of financial statements, must also be disclosed.

XIX – Assets Traded Abroad - inform the frequency of disclosure of the value of assets traded abroad, as well as any lag in this value relative to the share value disclosed by the fund.

XX – Sensitivity Analysis - disclose sensitivity analysis for each type of market risk to which the fund is exposed at the end of the accounting period, in line with the guidelines of the standards applicable to open companies regarding the disclosure of financial instruments.

XXI - Spin-off, Incorporation, and Transformation Events: disclose detailed and relevant information on spin-off, incorporation, and transformation events that occurred during the fiscal year, as well as, when applicable, the exchange ratio occurred in each event.

SECTION 4 – Incorporation, Merger, Spin-off, Transformation, and Cessation of Activity

Incorporation, Merger, Spin-off, Transformation, and Cessation of Activity

1- In processes of incorporation, merger, spin-off, transformation, or cessation of activity, in addition to compliance with the requirements contained in legal and regulatory standards, the explanatory notes attached to the financial statements must inform:

I - mention of the incorporation, merger, spin-off, transformation, or cessation of activity that occurred during the period, with indication of the funds involved and the date of the General Assembly for incorporation, merger, spin-off, transformation, or cessation of activity;

II - in the case of spin-off, the asset and liability elements that will form each portion of the equity, as well as the allocation criteria adopted, especially in cases where the segregation of assets and liabilities cannot follow the exact proportion of the net equity of the resulting funds;

III - the equity value of the funds to be created or the increase or decrease in the equity of the funds involved in the operation;

IV - other relevant data related to the process of incorporation, merger, spin-off, transformation, or cessation of activity;

V - the date of cessation of activity of the fund, occurring with the payment of the redemption made by the last unitholder, and data regarding its registration update with the CVM;

VI - transformation is understood as the change of the fund from open to closed or vice-versa, from investment clubs to open or closed investment funds, or vice-versa, and from funds regulated by CVM Instruction No. 555/2014 to funds regulated by another specific CVM instruction and vice-versa.

2 – The financial statements relating to the events cited in the previous item, with the exception of the cessation of activity event, must be prepared by the administrator taking as a basis the fund's equity position at the moment immediately preceding the occurrence of the event.

3 - The administrator must keep available to the Securities and Exchange Commission, for a minimum period of 5 (five) years, counted from the year following the occurrence of the process or event, which may be preserved in electronic form in accordance with current legislation and regulations, the following documentation of the funds involved:

a) the financial statements prepared and published in the five financial fiscal years prior to the process of merger, spin-off, incorporation, transformation, or cessation of activity and the respective reports of independent auditors;

b) the Daily Book or Daily Balances and Balance Sheets of the incorporated, merged, spun-off, transformed, or closed funds;

c) general inventories and reconciliations of the Asset and Liability elements carried out during the quantification and qualification of equity elements for the purpose of merger, incorporation, spin-off, transformation, or closure;

d) accounting documentation related to the bookkeeping, adjustments, and accounting reconciliations of the five financial fiscal years prior to the process, up to the event's base date;

e) the register of unitholders;

f) the minutes book of general assemblies;

g) the book or list of unitholder attendance.

3.1 - The obligation provided for in this item falls upon the administrator of the spun-off, merged, or incorporated fund, and is not enforceable against the new administrator or the administrator of the incorporating funds.

4 - The incorporated fund must have its result closed before the incorporation.

Registration

1 – The fund must use offsetting accounts for the registration and monitoring of any administrative acts that may become effective rights, gains, obligations, losses, risks, or burdens, resulting from future events, whether foreseen or not, observing the breakdowns provided for control.

2 - When there is no specific title for the registration of the act that must be booked, the fund must use the account OTHER OFFSETTING ASSET ACCOUNTS and its respective counterpart, proceeding to the breakdown of events into sub-titles for internal use that identify them clearly and objectively.

Custody of Assets
Values relating to bonds and securities, as well as other financial assets comprising the fund's portfolio, duly custodied, registered in specific deposit accounts, opened directly in the name of the fund, in registration and financial settlement systems for assets authorized by the Central Bank of Brazil or in institutions authorized to provide custody services by the CVM, are recorded in the appropriate offsetting accounts.

2 - The accounting entry must contain the data indispensable for the perfect identification of the custodied values.

3 - The values and goods custodied are accounted for, with the necessary identification, by the index value of R$ 1.00 (one Real) multiplied by the quantity of custodied titles for fixed income, variable income, and investment fund shares.

4 – The fund must maintain controls to identify the custodied values, according to characteristics and quantities.

5 – Public bonds as well as other fixed income titles (CDB, LC, etc.) are recorded by the issuance value, post-fixed ones, and by the redemption value, pre-fixed ones.

6 - Documents relating to inventories and reconciliations of values in custody must be archived for subsequent verification.

Operations with Financial Derivative Instruments (Futures, Forwards, Options, and SWAP)

1 – The fund must maintain analytical controls that allow identifying the contracting parties, the characteristics, and the values of the operations carried out.

2 - Operations with financial derivative instruments must be reconciled, at a minimum, upon the preparation of monthly balances.

3 - Documents relating to inventories and reconciliations must be archived for subsequent verification.

4 – The reference value of operations with financial derivative instruments must be registered in offsetting accounts, as follows:

a) forward contract: contract value at maturity;

b) futures contract: quantity of contracts, multiplied by the contract size and multiplied by the market PU (Unit Price);

c) option contract: quantity of contracts, multiplied by the contract size and multiplied by the exercise price;

d) swap contract: initial value (principal);

e) currency swap contract: value of the currency leg.

Classification in Categories

1 – The fund must register the values of the assets in its portfolio in the respective offsetting accounts, according to asset classification criteria for trading and assets held to maturity.

2 – The sum of the balances of the Trading Assets and Assets Held to Maturity items must correspond to the balance of the Bonds and Securities and Financial Derivative Instruments subgroup, subtracted from the balance of the breakdown of the Financial Derivative Instruments subgroup.

General Provisions

1 - The balances of the offsetting accounts must be reconciled, month by month, with a view to preparing balances and balance sheets.

2 - The analytical controls are intended to allow the identification of the characteristics of the registered elements and their respective values.

SECTION 6 - Audit

1 - Obligation

1 – The fund's financial statements must be audited by an independent auditor registered with the CVM, upon the closing of the fiscal year or period defined in the fund's bylaws or specific standard, as well as on the dates of spin-off, incorporation, merger, transformation, and cessation of activities.

2 – The financial statements subject to audit are composed of the tables below and their respective explanatory notes:

I – Statement of Composition and Diversification of the Portfolio (document No. 3);

II – Statement of Net Equity Evolution (document No. 4).

3 - Upon finding any relevant irregularity regarding what is established by the standards of this Accounting Plan, specific standards, and the fund's bylaws, the independent auditor must communicate the fact to the CVM, in writing, within a maximum period of 20 (twenty) days, counted from the date of identification of the irregularity.

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

CHAPTER 1 - Basic Norms

SECTION 6 - Auditing

2 - Administration Responsibility

1 – Fund administrators must provide the independent auditor with all data, information, and conditions necessary for the effective performance of their services, as well as the administration responsibility letter, in accordance with the standards of the Federal Council of Accounting (CFC).

2 - Fund administrators will be held responsible for hiring an independent auditor that does not meet the requirements set forth in the applicable standards and this Accounting Plan.

3 - Fund administrators must disclose information, in accordance with specific regulation, related to the provision, by the Independent Auditor or by parties related to the Independent Auditor, of any service that is not external auditing of the financial statements, provided to the administrator, manager, or directly to the investment fund.

4 – The fund administrator must observe the deadlines and conditions, established in specific regulation, regarding the rotation of independent auditors.

5 - If, at any time, a situation is found that may affect the independence of the auditor, fund administrators must arrange for its regularization, which may imply the replacement of the independent auditor, without prejudice to the standards that regulate the exercise of this activity.

6 - Upon finding non-compliance with the requirements established in this Accounting Plan, the auditing services will be considered ineffective for meeting the standards issued by the Securities and Exchange Commission.

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

CHAPTER 1 - Basic Norms

SECTION 6 - Auditing

3 - Auditor Independence

1 - The independent auditor must prepare and adequately document their independence policy, which must be made available to the Securities and Exchange Commission, evidencing, in addition to the situations provided for in this Accounting Plan, others that, at their discretion, may affect their independence, as well as the internal control procedures adopted to monitor, identify, and prevent their occurrence.

2 - The exercise of the independent auditing activity of the financial statements of investment funds must comply with the standards that regulate the registration and exercise of the independent auditing activity within the securities market, such as:
a) hypotheses of impediment and incompatibility; b) duties and responsibilities; c) examination of technical qualification, for the exercise of the activity; d) rotation; e) internal quality control; f) external quality control; g) continuing education program.

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

1.0.0.00.00-7 REALIZABLE
1.1.0.00.00-6 AVAILABILITIES
1.1.2.00.00-2 Bank Deposits
1.1.2.10.00-9 OFFICIAL BANKS – DEPOSIT ACCOUNTS 1.1.2.80.00-8 PRIVATE BANKS - DEPOSIT ACCOUNTS 1.1.4.00.00-8 Applications in Gold 1.1.4.10.00-5 TEMPORARY APPLICATIONS IN GOLD 1.1.5.00.00-1 Availabilities in Foreign Currencies 1.1.5.20.00-5 DEPOSITS ABROAD IN FOREIGN CURRENCIES 1.2.0.00.00-5 INTERBANK LIQUIDITY APPLICATIONS 1.2.1.00.00-8 Applications in Repurchase Operations 1.2.1.10.00-5 RESALES TO SETTLE - BANKED POSITION 1.2.1.10.03-6 Treasury Financial Bills 1.2.1.10.05-0 National Treasury Bills 1.2.1.10.07-4 National Treasury Notes 1.2.1.10.15-3 Central Bank Bills 1.2.1.10.16-0 Central Bank Notes 1.2.1.10.18-4 Central Bank Bonuses 1.2.1.10.20-1 State and Municipal Bonds 1.2.1.10.21-8 State Bonds - Debts Refinanced by the Union 1.2.1.10.25-6 Bank Deposit Certificates 1.2.1.10.26-3 Subordinated Bank Deposit Certificates 1.2.1.10.30-4 CDB - Linked Financial Institution 1.2.1.10.35-9 Bills of Exchange 1.2.1.10.40-7 LC - Linked Financial Institution 1.2.1.10.45-2 Real Estate Letters 1.2.1.10.50-0 LI - Linked Financial Institution 1.2.1.10.62-7 Real Estate Receivables Certificates 1.2.1.10.65-8 Debentures 1.2.1.10.68-9 Time Deposit with Special Guarantee 1.2.1.10.71-3 Financial Bills 1.2.1.10.72-0 Subordinated Financial Bills 1.2.1.10.74-4 Real Estate Credit Letters 1.2.1.10.77-5 Agricultural Credit Letters 1.2.1.10.80-9 Bonds Abroad

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

1.2.1.10.99-5 Others
1.2.1.35.00-4 RESALES TO SETTLE – CLEARING AND SETTLEMENT EXCHANGES - GENERIC OPERATIONS 1.3.0.00.00-4 SECURITIES AND FINANCIAL DERIVATIVE INSTRUMENTS 1.3.1.00.00-7 Free 1.3.1.10.00-4 FIXED INCOME SECURITIES 1.3.1.10.03-5 Treasury Financial Bills 1.3.1.10.05-9 National Treasury Bills 1.3.1.10.07-3 National Treasury Notes 1.3.1.10.15-2 Central Bank Bills 1.3.1.10.16-9 Central Bank Notes 1.3.1.10.18-3 Central Bank Bonuses 1.3.1.10.19-0 Federal Public Bonds - Others 1.3.1.10.20-0 State and Municipal Bonds 1.3.1.10.21-7 State Bonds - Debts Refinanced by the Union 1.3.1.10.25-5 Bank Deposit Certificates 1.3.1.10.26-2 Subordinated Bank Deposit Certificates 1.3.1.10.30-3 CDB - Linked Financial Institution 1.3.1.10.35-8 Bills of Exchange 1.3.1.10.40-6 LC - Linked Financial Institution 1.3.1.10.45-1 Real Estate Letters 1.3.1.10.50-9 LI - Linked Financial Institution 1.3.1.10.55-4 Mortgage Letters 1.3.1.10.60-2 LH - Linked Financial Institution 1.3.1.10.61-9 Time Deposit with Special Guarantee 1.3.1.10.62-6 Real Estate Receivables Certificates 1.3.1.10.63-3 Real Estate Credit Certificate 1.3.1.10.64-0 Financial Bills 1.3.1.10.65-7 Debentures 1.3.1.10.66-4 Real Estate Credit Letters 1.3.1.10.67-1 Agricultural Credit Letters 1.3.1.10.68-8 Subordinated Financial Bills 1.3.1.10.69-5 Bonds Abroad 1.3.1.10.70-5 Eletrobrás Obligations 1.3.1.10.75-0 Agrarian Debt Bonds 1.3.1.10.76-7 Promissory Notes 1.3.1.10.77-4 Rural Product Certificate

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

1.3.1.10.78-1 Pignoratious and/or Mortgage Rural Certificate 1.3.1.10.79-8 Bank Credit Certificate 1.3.1.10.80-8 Certificate of Agro-industrial Deposits and Warrant 1.3.1.10.97-0 Issued by Financial Entities Linked to Official International Organizations 1.3.1.10.99-4 Others 1.3.1.15.00-9 INVESTMENT FUND SHARES 1.3.1.15.15-7 Fixed Income Fund Shares 1.3.1.15.20-5 Equity Fund Shares 1.3.1.15.25-0 Currency Fund Shares 1.3.1.15.35-3 Multi-market Fund Shares 1.3.1.15.36-0 Market Index Investment Fund Shares 1.3.1.15.40-1 Credit Rights Fund Shares 1.3.1.15.45-6 Real Estate Fund Shares 1.3.1.15.50-4 Emerging Companies Fund Shares 1.3.1.15.55-9 Participations Fund Shares 1.3.1.20.00-1 VARIABLE INCOME SECURITIES 1.3.1.20.10-4 Shares of Open Companies 1.3.1.20.15-9 BDR – Share Deposit Certificate 1.3.1.20.20-7 Shares of Closed Companies 1.3.1.20.30-0 Subscription Bonuses of Open Companies 1.3.1.20.50-6 Shares of Privatized Companies 1.3.1.20.99-1 Others 1.3.1.85.00-8 APPLICATIONS IN SECURITIES AND FINANCIAL DERIVATIVE INSTRUMENTS ABROAD 1.3.1.85.10-1 Bonds Issued by the National Treasury 1.3.1.85.20-4 Bonds Issued by the Government of Other Countries 1.3.1.85.30-7 Fixed Income Bonds - Brazilian State-Owned Companies 1.3.1.85.40-0 Other Fixed Income Bonds 1.3.1.85.50-3 Variable Income Bonds - Brazilian State-Owned Companies 1.3.1.85.60-6 Other Variable Income Bonds 1.3.1.85.70-9 Investment Fund Shares 1.3.1.85.90-5 Others 1.3.1.90.00-0 SECURITIES AND FINANCIAL INSTRUMENTS OF COMPANIES UNDER SPECIAL REGIME 1.3.1.90.10-3 Bank Deposit Certificates 1.3.1.90.20-6 Bills of Exchange 1.3.1.90.30-9 Real Estate Letters 1.3.1.90.40-2 Mortgage Letters

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

1.3.1.90.50-5 Debentures
1.3.1.90.99-0 Other Papers
1.3.2.00.00-0 Linked to Repurchase Operations
1.3.2.10.00-7 FIXED INCOME SECURITIES - LINKED TO REPURCHASES 1.3.2.10.03-8 Treasury Financial Bills 1.3.2.10.05-2 National Treasury Bills 1.3.2.10.07-6 National Treasury Notes 1.3.2.10.15-5 Central Bank Bills 1.3.2.10.16-2 Central Bank Notes 1.3.2.10.18-6 Central Bank Bonuses 1.3.3.00.00-3 Financial Derivative Instruments 1.3.3.15.00-5 SWAP OPERATIONS 1.3.3.15.10-8 Differential to Receive 1.3.3.15.20-1 Differential to Receive - Operations with Guarantee 1.3.3.30.00-4 FORWARD PURCHASES TO RECEIVE 1.3.3.30.10-7 Operations with Shares 1.3.3.30.15-2 Operations with Fixed Income Securities 1.3.3.30.40-6 Operations with Financial Assets and Commodities 1.3.3.35.00-9 FORWARD SALES TO RECEIVE 1.3.3.35.10-2 Operations with Shares 1.3.3.35.15-7 Operations with Fixed Income Securities 1.3.3.35.40-1 Operations with Financial Assets and Commodities 1.3.3.45.00-6 FUTURES MARKETS - DAILY ADJUSTMENTS - ASSET 1.3.3.45.10-9 Futures 1.3.3.60.00-5 OPTION PREMIUMS TO EXERCISE – SHARES 1.3.3.60.10-8 Call Option Purchases - Holder Position 1.3.3.60.20-1 Put Option Purchases - Holder Position 1.3.3.70.00-2 OPTION PREMIUMS TO EXERCISE - FINANCIAL ASSETS AND COMMODITIES 1.3.3.70.10-5 Call Option Purchases - Holder Position 1.3.3.70.20-8 Put Option Purchases - Holder Position 1.3.3.80.00-9 FINANCIAL DERIVATIVE INSTRUMENTS ABROAD – ASSET 1.3.3.85.00-4 OTHER FINANCIAL DERIVATIVE INSTRUMENTS - ASSET 1.3.3.85.13-8 Others 1.3.5.00.00-9 Linked to the Acquisition of Shares of State-Owned Companies 1.3.5.10.00-6 PRIVATIZATION CURRENCIES 1.3.6.00.00-2 Linked to the Provision of Guarantees

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

1.3.6.10.00-9 SECURITIES GIVEN AS GUARANTEE FOR EXCHANGE OPERATIONS 1.3.6.10.02-3 Federal Public Bonds - National Treasury 1.3.6.10.04-7 Federal Public Bonds - Central Bank 1.3.6.10.19-5 Federal Public Bonds – Others 1.3.6.10.20-5 State and Municipal Bonds 1.3.6.10.62-1 Real Estate Receivables Certificates 1.3.6.10.70-0 Bonds Issued by Financial Institutions – Fixed Income 1.3.6.10.75-5 Other Private Bonds – Fixed Income 1.3.6.10.80-3 Variable Income Bonds 1.3.6.10.99-9 Others 1.3.6.15.00-4 SECURITIES GIVEN AS GUARANTEE FOR CLEARING AND SETTLEMENT EXCHANGE OPERATIONS 1.3.6.15.02-8 Federal Public Bonds - National Treasury 1.3.6.15.04-2 Federal Public Bonds - Central Bank 1.3.6.15.19-0 Federal Public Bonds – Others 1.3.6.15.20-0 State and Municipal Bonds 1.3.6.15.62-6 Real Estate Receivables Certificates 1.3.6.15.70-5 Bonds Issued by Financial Institutions – Fixed Income 1.3.6.15.75-0 Other Private Bonds – Fixed Income 1.3.6.15.80-8 Variable Income Bonds 1.3.6.15.99-4 Others 1.3.6.20.00-6 SECURITIES GIVEN AS GUARANTEE - OTHERS 1.3.6.20.02-0 Federal Public Bonds - National Treasury 1.3.6.20.04-4 Federal Public Bonds - Central Bank 1.3.6.20.19-2 Federal Public Bonds – Others 1.3.6.20.20-2 State and Municipal Bonds 1.3.6.20.62-8 Real Estate Receivables Certificates 1.3.6.20.70-7 Bonds Issued by Financial Institutions – Fixed Income 1.3.6.20.75-2 Other Private Bonds – Fixed Income 1.3.6.20.80-0 Variable Income Bonds 1.3.6.20.99-6 Others 1.3.7.00.00-5 Securities Subject to Repurchase Operations with Free Movement Agreement 1.3.7.10.00-2 Securities Subject to Repurchase Operations with Free Movement Agreement 1.3.7.10.02-6 Federal Public Bonds – National Treasury 1.3.7.10.04-0 Federal Public Bonds – Central Bank 1.8.0.00.00-9 OTHER CREDITS 1.8.3.00.00-8 Income to Receive

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

1.8.3.60.00-0 DIVIDENDS AND BONUSES IN CASH TO RECEIVE 1.8.3.65.00-5 INTEREST ON OWN EQUITY IN CASH TO RECEIVE 1.8.3.90.00-1 OTHER INCOME TO RECEIVE 1.8.3.90.01-8 Remuneration Agreement – Administration Fee 1.8.3.90.02-5 Remuneration Agreement – Performance Fee 1.8.4.00.00-1 Negotiation and Intermediation of Values 1.8.4.05.00-6 EXCHANGES - DEPOSITS AS GUARANTEE 1.8.4.05.10-9 Operations with Shares 1.8.4.05.15-4 Operations with Share Indices 1.8.4.05.20-2 Operations with Financial Assets and Commodities 1.8.4.05.99-6 Other Operations 1.8.4.10.00-8 APPLICATIONS IN INVESTMENT FUND SHARES TO CONVERT 1.8.4.30.00-2 DEBTORS - PENDING SETTLEMENTS ACCOUNT 1.8.4.88.00-9 RIGHTS FROM LOANS OF SECURITIES AND FINANCIAL INSTRUMENTS 1.8.4.90.00-4 OTHER CREDITS FROM NEGOTIATION AND INTERMEDIATION OF VALUES 1.8.8.00.00-3 Miscellaneous 1.8.8.15.00-5 CHECKS TO RECEIVE 1.8.8.92.00-4 DIVERSIFIED DEBTORS – COUNTRY 1.9.0.00.00-8 OTHER VALUES AND ASSETS 1.9.9.00.00-5 Advanced Expenses 1.9.9.10.00-2 ADVANCED EXPENSES

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

3.0.0.00.00-1 OFFSETTING
3.0.3.00.00-0 Securities and Financial Instruments 3.0.3.30.00-1 ASSETS FOR TRADING 3.0.3.30.02-5 Federal Public Bonds - Competitive Negotiable 3.0.3.30.20-7 State and Municipal Public Bonds 3.0.3.30.22-1 State and Municipal Public Bonds - Debts Refinanced by the Union 3.0.3.30.60-9 Bonds Issued by Financial Institutions - Fixed Income 3.0.3.30.70-2 Other Private Bonds - Fixed Income 3.0.3.30.75-7 Private Bonds - Variable Income 3.0.3.30.77-1 Investment Fund Shares 3.0.3.30.80-5 Securities and Financial Instruments Issued by Companies under Special Regime 3.0.3.30.85-0 Public Securities and Financial Instruments Abroad 3.0.3.30.90-8 Private Securities and Financial Instruments Abroad - Fixed Income 3.0.3.30.93-9 Private Securities and Financial Instruments Abroad - Variable Income 3.0.3.50.00-5 ASSETS HELD TO MATURITY 3.0.3.50.02-9 Federal Public Bonds - Competitive Negotiable 3.0.3.50.20-1 State and Municipal Public Bonds 3.0.3.50.22-5 State and Municipal Public Bonds - Debts Refinanced by the Union 3.0.3.50.60-3 Bonds Issued by Financial Institutions - Fixed Income 3.0.3.50.70-6 Other Private Bonds - Fixed Income 3.0.3.50.75-1 Private Bonds - Variable Income 3.0.3.50.80-9 Securities and Financial Instruments Issued by Companies under Special Regime 3.0.3.50.85-4 Public Securities and Financial Instruments Abroad 3.0.3.50.90-2 Private Securities and Financial Instruments Abroad - Fixed Income 3.0.3.50.93-3 Private Securities and Financial Instruments Abroad - Variable Income 3.0.4.00.00-3 Custody of Values 3.0.4.30.00-4 VALUE CUSTODIANS 3.0.4.30.10-7 Own 3.0.4.99.00-7 CUSTODY IN GOLD 3.0.4.99.10-0 Own 3.0.6.00.00-9 Negotiation and Intermediation of Values 3.0.6.10.00-6 CONTRACTS FOR SHARES, FINANCIAL ASSETS AND COMMODITIES 3.0.6.10.10-9 Forward Market Contracts to Receive 3.0.6.10.15-4 Forward Market Contracts to Deliver 3.0.6.10.20-2 Purchased Futures Market Contracts

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

3.0.6.10.25-7 Sold Futures Market Contracts
3.0.6.10.30-5 Option Right Contracts on Shares, Financial Assets and Commodities 3.0.6.10.35-0 Option Obligation Contracts on Shares, Financial Assets and Commodities 3.0.6.10.60-4 Swap 3.0.6.10.70-7 Swap with Guarantee 3.0.6.10.73-8 Derivative Contracts Abroad 3.0.6.10.75-2 Derivative Contracts - Others 3.0.6.30.00-0 SURETIES AND OTHER GUARANTEES FOR EXCHANGE OPERATIONS 3.0.6.30.10-3 Operations with Shares 3.0.6.30.20-6 Operations with Financial Assets and Commodities 3.0.6.35.00-5 SECURITIES RECEIVED AS COLLATERAL IN REPO OPERATIONS WITH FREE MOVEMENT AGREEMENT 3.0.6.35.02-9 Federal Public Bonds – National Treasury 3.0.6.35.04-3 Federal Public Bonds – Central Bank 3.0.6.40.00-7 VALUES AS GUARANTEE FOR OPERATIONS 3.0.9.00.00-8 Control 3.0.9.15.00-0 CONTROL AND MOVEMENT OF SHARES 3.0.9.15.05-5 Issuances 3.0.9.15.10-3 Redemptions 3.0.9.15.15-8 Shares in Circulation 3.0.9.99.00-2 OTHER ASSET OFFSETTING ACCOUNTS 3.9.9.99.99-3 TOTAL GENERAL ASSET

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

4.0.0.00.00-8 DUE
4.2.0.00.00-6 OBLIGATIONS FROM REPO OPERATIONS 4.2.1.00.00-9 Own Portfolio 4.2.1.10.00-6 REPURCHASES TO SETTLE - OWN PORTFOLIO 4.2.1.10.03-7 Treasury Financial Bills 4.2.1.10.05-1 National Treasury Bills 4.2.1.10.07-5 National Treasury Notes 4.2.1.10.15-4 Central Bank Bills 4.2.1.10.16-1 Central Bank Notes 4.2.1.10.18-5 Central Bank Bonuses 4.2.1.10.30-5 Debentures 4.2.1.10.40-8 Private Bonds - Others 4.2.3.00.00-5 Free Movement Portfolio 4.2.3.30.00-6 REPURCHASES TO SETTLE - FREE MOVEMENT 4.2.3.30.02-0 Federal Public Bonds - National Treasury 4.2.3.30.04-4 Federal Public Bonds - Central Bank 4.2.3.35.00-1 REPURCHASES TO SETTLE – CLEARING AND SETTLEMENT EXCHANGES - GENERIC REPO OPERATIONS 4.2.3.40.00-3 OBLIGATIONS LINKED TO REPO OPERATIONS WITH FREE MOVEMENT SECURITIES 4.2.3.40.02-7 Federal Public Bonds - National Treasury 4.2.3.40.04-1 Federal Public Bonds - Central Bank 4.7.0.00.00-1 FINANCIAL DERIVATIVE INSTRUMENTS 4.7.1.00.00-4 Financial Derivative Instruments 4.7.1.10.00-1 SWAP OPERATIONS' 4.7.1.10.10-4 Differential to Pay 4.7.1.30.00-5 OBLIGATIONS FROM FORWARD PURCHASE TO PAY 4.7.1.30.10-8 Operations with Shares 4.7.1.30.15-3 Operations with Fixed Income Securities 4.7.1.30.40-7 Operations with Financial Assets and Commodities 4.7.1.40.00-2 OBLIGATIONS FROM FORWARD SALE TO DELIVER 4.7.1.40.10-5 Operations with Shares 4.7.1.40.15-0 Operations with Fixed Income Securities 4.7.1.40.40-4 Operations with Financial Assets and Commodities 4.7.1.50.00-9 FUTURES MARKETS - DAILY ADJUSTMENTS – LIABILITY 4.7.1.60.00-6 LAUNCHED OPTION PREMIUMS – SHARES

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

CVM INSTRUCTION NO. 577, OF JULY 7, 2016

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

4.7.1.60.10-9 Call Option Sales - Writer Position 4.7.1.60.20-2 Put Option Sales - Writer Position 4.7.1.70.00-3 LAUNCHED OPTION PREMIUMS - FINANCIAL ASSETS AND COMMODITIES 4.7.1.70.10-6 Call Option Sales - Writer Position 4.7.1.70.20-9 Put Option Sales - Writer Position 4.7.1.80.00-0 FINANCIAL DERIVATIVE INSTRUMENTS ABROAD 4.7.1.85.00-5 OTHER FINANCIAL DERIVATIVE INSTRUMENTS – LIABILITY 4.7.1.85.13-9 Others 4.9.0.00.00-9 OTHER OBLIGATIONS 4.9.3.00.00-8 Social and Statutory 4.9.3.10.00-5 DIVIDENDS AND BONUSES TO REMIT 4.9.3.13.00-2 INTEREST ON OWN EQUITY TO REMIT 4.9.4.00.00-1 Fiscal and Social Security 4.9.4.20.00-5 TAXES AND CONTRIBUTIONS TO COLLECT 4.9.4.20.10-8 Taxes and Contributions on Third-Party Services 4.9.4.20.15-3 Income Tax 4.9.4.20.20-1 IOF 4.9.4.20.25-6 Other Taxes and Fees 4.9.5.00.00-4 Negotiation and Intermediation of Values 4.9.5.15.00-6 COMMISSIONS AND BROKERAGE TO PAY 4.9.5.21.00-7 SHARES TO ISSUE 4.9.5.24.00-4 SHARES TO REDEEM 4.9.5.30.00-5 CREDITORS – PENDING SETTLEMENTS ACCOUNT 4.9.5.40.00-2 SECURITIES AND FINANCIAL INSTRUMENTS BORROWED AND SOLD 4.9.5.90.00-7 OTHER OBLIGATIONS FROM NEGOTIATION AND INTERMEDIATION OF VALUES 4.9.9.00.00-6 Miscellaneous 4.9.9.30.00-7 PROVISION FOR PAYMENTS TO BE MADE 4.9.9.30.50-2 Other Administrative Expenses 4.9.9.30.90-4 Other Payments 4.9.9.80.00-2 CAPITAL SUBSCRIPTION TO BE INTEGRATED 4.9.9.83.00-9 VALUES PAYABLE TO THE ADMINISTRATING COMPANY 4.9.9.83.10-2 Administration Fee 4.9.9.83.20-5 Performance/Performance Fee 4.9.9.83.30-8 Entry and Exit Fee 4.9.9.92.00-7 DIVERSIFIED CREDITORS – COUNTRY

COMMISSION OF SECURITIES AND EXCHANGE (CVM)
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br

TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI

6.0.0.00.00-2 SHAREHOLDERS' EQUITY
6.1.0.00.00-1 SHAREHOLDERS' EQUITY
6.1.1.00.00-4 Social Capital
6.1.1.70.00-3 INVESTMENT SHARES
6.1.1.70.10-6 Shares to Individualize
6.1.1.70.20-9 Natural Persons
6.1.1.70.30-2 Legal Entities
6.1.1.70.40-5 Amortization
6.1.1.80.00-0 VARIATIONS IN SHARE REDEMPTION
6.1.1.90.00-7 VARIATIONS IN SHARE AMORTIZATION 6.1.8.00.00-5 Accumulated Profits or Losses 6.1.8.10.00-2 ACCUMULATED PROFITS OR LOSSES

7.0.0.00.00-9 CREDIT RESULT ACCOUNTS
7.1.0.00.00-8 OPERATIONAL REVENUES
7.1.1.00.00-1 Income from Credit Operations
7.1.1.80.00-7 INCOME FROM RIGHTS FROM LOANS OF SECURITIES AND SECURITIES 7.1.3.00.00-7 Exchange Income 7.1.3.70.00-6 INCOME FROM FOREIGN CURRENCY AVAILABILITY 7.1.3.80.00-3 INCOME FROM EXCHANGE VARIATION OF SECURITIES AND SECURITIES ABROAD 7.1.3.90-00-0 EXCHANGE VARIATION INCOME - OTHERS 7.1.4.00.00-0 Income from Interbank Liquidity Applications 7.1.4.10.00-7 INCOME FROM APPLICATIONS IN COMMITTED OPERATIONS 7.1.4.10.10-0 Banked Position 7.1.4.10.20-3 Financed Position 7.1.4.20.00-4 INCOME FROM APPLICATIONS IN COMMITTED OPERATIONS ABROAD 7.1.5.00.00-3 Income from Securities and Securities and Financial Derivative Instruments 7.1.5.10.00-0 INCOME FROM FIXED INCOME SECURITIES 7.1.5.15.00-5 INCOME FROM SECURITIES AND SECURITIES ABROAD 7.1.5.20.00-7 INCOME FROM VARIABLE INCOME SECURITIES 7.1.5.40.00-1 INCOME FROM APPLICATIONS IN INVESTMENT FUNDS 7.1.5.40.15-9 Fixed Income Fund Shares 7.1.5.40.20-7 Equity Fund Shares 7.1.5.40.25-2 Currency Fund Shares 7.1.5.40.35-5 Multimarket Fund Shares 7.1.5.40.36-2 Market Index Investment Fund Shares 7.1.5.40.40-3 Credit Rights Fund Shares 7.1.5.40.45-8 Real Estate Fund Shares 7.1.5.40.50-6 Emerging Companies Fund Shares 7.1.5.40.55-1 Participation Fund Shares 7.1.5.70.00-2 INCOME FROM GOLD APPLICATIONS 7.1.5.75.00-7 PROFITS FROM FIXED INCOME SECURITIES 7.1.5.77.00-5 PROFITS FROM VARIABLE INCOME SECURITIES 7.1.5.79.00-3 PROFITS FROM SECURITIES AND SECURITIES ABROAD 7.1.5.80.00-9 INCOME FROM DERIVATIVE OPERATIONS 7.1.5.80.11-9 Swap 7.1.5.80.21-2 Forward 7.1.5.80.31-5 Future 7.1.5.80.42-5 Options on Shares

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL (CVM) Seven of September Street, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP Code: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI 8.0.0.00.00-6 DEBIT RESULT ACCOUNTS 8.1.0.00.00-5 OPERATIONAL EXPENSES 8.1.1.00.00-8 Fundraising Expenses 8.1.1.50.00-3 COMMITTED OPERATIONS EXPENSES 8.1.1.50.10-6 Own Portfolio 8.1.1.50.20-9 Third-Party Portfolio 8.1.1.50.40-5 Free Movement Portfolio 8.1.2.00.00-1 Expenses from Loans and Transfers Obligations 8.1.2.30.00-2 EXPENSES FROM LOANS OF SECURITIES AND SECURITIES 8.1.3.00.00-4 Exchange Depreciation 8.1.3.10.00-1 DEPRECIATION OF FOREIGN CURRENCY AVAILABILITY 8.1.3.80.00-0 DEPRECIATION OF EXCHANGE VARIATION OF SECURITIES AND SECURITIES ABROAD 8.1.3.90.00-7 DEPRECIATION OF EXCHANGE VARIATION - OTHERS 8.1.5.00.00-0 Expenses from Securities and Securities and Financial Derivative Instruments 8.1.5.05.00-5 DEPRECIATION OF FIXED INCOME SECURITIES 8.1.5.10.00-7 DEPRECIATION OF SECURITIES AND SECURITIES ABROAD 8.1.5.15.00-2 DEPRECIATION OF VARIABLE INCOME SECURITIES 8.1.5.20.00-4 LOSSES FROM FIXED INCOME SECURITIES 8.1.5.30.00-1 LOSSES FROM VARIABLE INCOME SECURITIES 8.1.5.35.00-6 LOSSES FROM SECURITIES AND SECURITIES ABROAD 8.1.5.40.00-8 DEPRECIATION OF APPLICATIONS IN INVESTMENT FUNDS 8.1.5.40.15-6 Fixed Income Fund Shares 8.1.5.40.20-4 Equity Fund Shares 8.1.5.40.25-9 Currency Fund Shares 8.1.5.40.35-2 Multimarket Fund Shares 8.1.5.40.36-9 Market Index Investment Fund Shares 8.1.5.40.40-0 Credit Rights Fund Shares 8.1.5.40.45-5 Real Estate Fund Shares 8.1.5.40.50-3 Emerging Companies Fund Shares 8.1.5.40.55-8 Participation Fund Shares 8.1.5.50.00-5 EXPENSES IN DERIVATIVE OPERATIONS 8.1.5.50.11-5 Swap 8.1.5.50.21-8 Forward 8.1.5.50.31-1 Future 8.1.5.50.42-1 Options on Shares 8.1.5.50.51-7 Options on Financial Assets and Commodities

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL (CVM) Seven of September Street, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP Code: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: SHARES, FINANCIAL ASSETS AND COMMODITIES CONTRACTED 9.0.6.10.00-8 Forward Market Contracts 9.0.6.10.05-3 Future Market Contracts 9.0.6.10.10-1 Options Market Contracts 9.0.6.10.15-6 Swaps 9.0.6.10.20-4 Derivative Contracts Abroad 9.0.6.10.23-5 Derivative Contracts - Others 9.0.6.10.25-9 Function:
Register the value of contracts for operations with shares, other financial assets and commodities carried out in the forward, futures and options markets, with own resources, with the title CONTRACTS FOR SHARES, FINANCIAL ASSETS AND COMMODITIES, code 3.0.6.10.00-6 as the counterpart. ------------ Title: APPLICATIONS IN INVESTMENT FUND SHARES TO BE CONVERTED 1.8.4.10.00-8 Function:
Register the value of the fund's applications in shares of other investment funds pending conversion of shares. ------------ Title: APPLICATIONS IN SECURITIES AND SECURITIES ABROAD 1.3.1.85.00-8 Securities Issued by the National Treasury 1.3.1.85.10-1 Securities Issued by Governments of Other Countries 1.3.1.85.20-4 Fixed Income Securities - Brazilian State-Owned Companies 1.3.1.85.30-7 Other Fixed Income Securities 1.3.1.85.40-0 Variable Income Securities - Brazilian State-Owned Companies 1.3.1.85.50-3 Other Variable Income Securities 1.3.1.85.60-6 Investment Fund Shares 1.3.1.85.70-9 Others 1.3.1.85.90-5 Function:
Register the value of applications in securities and securities, representing external debt, issued by state-owned companies or the Treasury and others, carried out abroad. ------------ Title: TEMPORARY APPLICATIONS IN GOLD 1.1.4.10.00-5 Function:
Register the value of the own gold stock acquired in the physical market. This account requires internal controls that identify the gold acquired in the physical market according to its characteristics of quantity, origin and quality. ------------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL (CVM) Seven of September Street, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP Code: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: RESULT CALCULATION (+) 7.9.1.10.00-0 Function:
Register, on the balance sheet day, the calculation of the fund's financial result for the balanced period.
------------
Title: RESULT CALCULATION (+)' 8.9.1.10.00-7
Function:
Register, on the balance sheet day, the calculation of the fund's financial result for the balanced period.
------------
Title: ASSETS CLASSIFIED IN CATEGORIES 9.0.3.20.00-6 Function:
Register the counterpart of the accounting values of securities and securities classified in the categories securities for trading, securities available for sale and securities held to maturity, with the title ASSETS FOR TRADING, code 3.0.3.30.00-1 or ASSETS HELD TO MATURITY, code 3.0.3.50.00-5 as the counterpart. ------------ Title: ASSETS HELD TO MATURITY 3.0.3.50.00-5 Federal Public Securities - Competitive Negotiable 3.0.3.50.02-9 State and Municipal Public Securities 3.0.3.50.20-1 State and Municipal Public Securities - Debts Refinanced by the Union 3.0.3.50.22-5 Securities Issued by Financial Institutions - Fixed Income 3.0.3.50.60-3 Other Private Securities - Fixed Income 3.0.3.50.70-6 Private Securities - Variable Income 3.0.3.50.75-1 Securities and Securities Issued by Companies in Special Regime 3.0.3.50.80-9 Public Securities and Securities Abroad 3.0.3.50.85-4 Private Securities and Securities Abroad - Fixed Income 3.0.3.50.90-2 Private Securities and Securities Abroad - Variable Income 3.0.3.50.93-3 Function:
Register the cost value plus the income earned and minus permanent losses with securities and securities, except non-redeemable shares, for which there is the intention and financial capacity of the institution to keep them in the portfolio until maturity, without prejudice to adequate recording in equity accounts, with the title ASSETS CLASSIFIED IN CATEGORIES, code 9.0.3.20.00-6 as the counterpart. ------------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL (CVM) Seven of September Street, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP Code: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: ASSETS FOR TRADING 3.0.3.30.00-1 Federal Public Securities - Competitive Negotiable 3.0.3.30.02-5 State and Municipal Public Securities 3.0.3.30.20-7 State and Municipal Public Securities - Debts Refinanced by the Union 3.0.3.30.22-1 Securities Issued by Financial Institutions - Fixed Income 3.0.3.30.60-9 Other Private Securities - Fixed Income 3.0.3.30.70-2 Private Securities - Variable Income 3.0.3.30.75-7 Investment Fund Shares 3.0.3.30.77-1 Securities and Securities Issued by Companies in Special Regime 3.0.3.30.80-5 Public Securities and Securities Abroad 3.0.3.30.85-0 Private Securities and Securities Abroad - Fixed Income 3.0.3.30.90-8 Private Securities and Securities Abroad - Variable Income 3.0.3.30.93-9 Function:
Register the fair value of securities and securities acquired with the purpose of being actively and frequently traded, without prejudice to adequate recording in equity accounts, with the title ASSETS CLASSIFIED IN CATEGORIES, code 9.0.3.20.00-6 as the counterpart. ------------ Title: OFFICIAL BANKS - DEPOSIT ACCOUNT 1.1.2.10.00-9 Function:
Register free movement deposits maintained in Official Banks. This account requires sub-titles for internal use necessary for the perfect individualization of the depositing establishments. ------------ Title: PRIVATE BANKS - DEPOSIT ACCOUNT 1.1.2.80.00-8 Function:
Register free movement deposits maintained in private banking establishments. This account requires sub-titles for internal use necessary for the perfect individualization of the depositing establishments. ------------ Title: EXCHANGES - DEPOSITS IN GUARANTEE 1.8.4.05.00-6 Operations with Shares 1.8.4.05.10-9 Operations with Share Indices 1.8.4.05.15-4 Operations with Financial Assets and Commodities 1.8.4.05.20-2 Other Operations 1.8.4.05.99-6 Function:
Register cash resources deposited in stock exchanges, commodities and futures exchanges as guarantee for operations on own account. ------------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL (CVM) Seven of September Street, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP Code: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: CHECKS TO BE RECEIVED 1.8.8.15.00-5 Function:
Register checks and other papers transferred from the CASH account, as they represent values pending receipt. ------------ Title: COMMISSIONS AND BROKERAGE TO BE PAID 4.9.5.15.00-6 Function:
Register the value of commissions and brokerage fees due.
------------
Title: FORWARD PURCHASES TO BE RECEIVED 1.3.3.30.00-4 Operations with Shares 1.3.3.30.10-7 Operations with Fixed Income Securities 1.3.3.30.15-2 Operations with Financial Assets and Commodities 1.3.3.30.40-6 Function:
Register the spot price value of the asset subject to the forward purchase contract of shares, other financial assets and commodities, for the own portfolio, evaluated at fair value. ------------ Title: CONTRACTS FOR SHARES, FINANCIAL ASSETS AND COMMODITIES 3.0.6.10.00-6 Forward Market Contracts to Receive 3.0.6.10.10-9 Forward Market Contracts to Deliver 3.0.6.10.15-4 Purchased Future Market Contracts 3.0.6.10.20-2 Sold Future Market Contracts 3.0.6.10.25-7 Options Contracts on Shares, Financial Assets and Commodities 3.0.6.10.30-5 Obligation Contracts for Options on Shares, Financial Assets and Commodities 3.0.6.10.35-0 "Swap" 3.0.6.10.60-4 "Swap" with Guarantee 3.0.6.10.70-7 Derivative Contracts Abroad 3.0.6.10.73-8 Derivative Contracts - Others 3.0.6.10.75-2 Function:
Register the value of contracts for operations with shares, other financial assets and commodities carried out in the forward, futures and options markets, with own resources, with the title SHARES, FINANCIAL ASSETS AND COMMODITIES CONTRACTED, code 9.0.6.10.00-8, observed that:
I - the sub-title Swap, code 3.0.6.10.60-4, must always correspond to the value of the negotiation parameters, on the date of the signing of the contract, of operations carried out in the over-the-counter market and within the scope of stock exchanges or commodities and futures, except those contracted with guarantee; II - the sub-title Swap with Guarantee, code 3.0.6.10.70-7, must always correspond to the value of the negotiation parameters, on the date of the signing of the contract, of operations carried out in systems with guarantee administered by stock exchanges or commodities and futures. ------------

Exchange - Cancellation of Unfulfilled Orders Abroad
Exchange - Interest to be Paid
Cash Differences
Financial Charges of a Monetary Nature - Law No. 4,131/62
Payments to Process
Pending Regularization
------*------
Title: CREDITORS - PENDING SETTLEMENTS ACCOUNT 4.9.5.30.00-5 Function:
Register the amounts payable referring to transactions with fixed income securities, shares, commodities and financial assets. The balance of this account must be controlled daily and by client, in order to highlight the expired and unsettled operations and the operations in progress in D+1 to D+5, at the net value of the operation note. This account requires the following internal use sub-titles:
Directors, Managing Partners, Shareholders and Shareholders
Market Institutions
Individuals and Legal Entities
Affiliated Companies
Others
------*------

Subscription to Periodicals (newspapers, magazines)
Maintenance and Conservation
Commissions and Premiums
Others.
------*------

Title: COMMUNICATION EXPENSES 8.1.7.12.00-1
Function:
Record the value of general communication expenses, through own means or using third-party services, that constitute the fund's effective cost in the period. This account requires the following internal-use sub-accounts:

Mail
Postal
Telegraphic
Telecommunications
------------
Title: EXPENSES FROM LOANS OF SECURITIES AND SECURITIES 8.1.2.30.00-2 Function:
Record the expenses of obligations assumed by the fund, from loans of securities and securities, which constitute an effective cost in the period. ------------ Title: EXPENSES FROM COMMITTED OPERATIONS 8.1.1.50.00-3 Own Portfolio 8.1.1.50.10-6 Third-Party Portfolio 8.1.1.50.20-9 Free Movement Portfolio 8.1.1.50.40-5 Function:
Record the expenses of raising funds for committed operations, backed by own or third-party securities, which constitute the fund's effective cost in the period. ------------ Title: PUBLICATION EXPENSES 8.1.7.48.00-6 Function:
Record the value of publication expenses for notices, announcements, financial statements, reports, and minutes, carried out in the exclusive interest of the fund, belonging to the current period. ------------

Title: EXPENSES FROM FINANCIAL SYSTEM SERVICES 8.1.7.54.00-7 Function:
Record the expenses of fees and services provided by entities of the financial system, carried out in the exclusive interest of the fund, belonging to the current period. This account requires the following internal-use sub-accounts:

Registration and Collection
Custody of Securities and Securities
Custody of Values and Assets
Clearing Service
Brokerage and Emoluments
Commissions
------*------
Title: EXPENSES FROM SPECIALIZED TECHNICAL SERVICES 8.1.7.63.00-5 Function:
Record the value of expenses with specialized technical services commissioned by the fund from third parties, in its exclusive interest, belonging to the current period. This account requires the following internal-use sub-accounts:
Technical Advisory
External Audit
Financial Consulting
Legal Consulting
Translation Services
Appraisal Services
Credit Analysis
------------
Title: FUND MANAGEMENT FEE EXPENSES 8.1.7.81.00-1 Effective Management Fee Expense 8.1.7.81.05-6 Management Fee Expense 8.1.7.81.10-4 Consulting Expense 8.1.7.81.15-9 Control Office Expense 8.1.7.81.20-7 Distribution Expense 8.1.7.81.25-2 Expense – Remuneration Agreement 8.1.7.81.30-0 Function:
Record, daily, the value of the management fee due by the fund to the administrator, in accordance with current regulations. This account requires the following sub-accounts for internal use to identify the values effectively paid to the administrator and the values passed on to the controller, manager, consultant, and distributor:
------------

Title: FUND PERFORMANCE/PERFORMANCE FEE EXPENSES 8.1.7.82.00-0 Expense – Remuneration Agreement 8.1.7.82.01-7 Function:
Record, daily, the value of the performance fee due by the fund to the administrator, in accordance with current regulations. ------------ Title: ENTRY AND EXIT FEE EXPENSES 8.1.7.83.00-9 Function:
Record the value of the entry and exit fee due by the fund to the administrator, in accordance with current regulations. ------------ Title: EXPENSES IN DERIVATIVE OPERATIONS 8.1.5.50.00-5 Swap 8.1.5.50.11-5 Forward 8.1.5.50.21-8 Futures 8.1.5.50.31-1 Stock Options 8.1.5.50.42-1 Options on Financial Assets and Commodities 8.1.5.50.51-7 Financial Derivative Instruments Abroad 8.1.5.50.80-9 Others 8.1.5.50.90-2 Function:
Record expenses in operations with financial derivative instruments according to the modality, including negative adjustments to fair value. ------*------ Title: DEVALUATION OF INVESTMENTS IN INVESTMENT FUNDS 8.1.5.40.00-8 Function:
Record the devaluation of investments in investment funds, which constitute an effective expense of the fund in the period. Examples of internal-use sub-accounts:

Fixed Income Fund Shares
Equity Fund Shares
Currency Fund Shares
Multimarket Fund Shares
Market Index Investment Fund Shares
Credit Rights Fund Shares
Real Estate Fund Shares
Emerging Companies Fund Shares
Participation Fund Shares
------*------

Title: DEVALUATION OF FOREIGN CURRENCY AVAILABILITY 8.1.3.10.00-1 Function:
Record the value of devaluation resulting from exchange rate variation, due to the maintenance of availability in foreign currencies. ------------ Title: DEVALUATION OF EXCHANGE RATE VARIATION OF SECURITIES AND SECURITIES ABROAD 8.1.3.80.00-0 Function:
Record the value of devaluation resulting from exchange rate variation, due to the maintenance of securities and securities abroad. ------------ Title: DEVALUATION OF EXCHANGE RATE VARIATION – OTHERS 8.1.3.90.00-7 Function:
Record the value of devaluation resulting from exchange rate variation, due to the maintenance of other financial assets and liabilities abroad. ------*------ Title: DEVALUATION OF FIXED INCOME SECURITIES 8.1.5.05.00-5 Function:
Record the devaluation of fixed income securities, which constitute an effective expense of the fund in the period. This account requires the following internal-use sub-accounts:

Central Bank Letters
National Treasury Letters
State and Municipal Securities
Bank Deposit Certificates
Subordinated Bank Deposit Certificates
Special Guarantee Time Deposits
Financial Letters
Subordinated Financial Letters
Real Estate Credit Letters
Agricultural Credit Letters
Bills of Exchange
Mortgage Letters
Real Estate Letters
Debentures
Eletrobrás Obligations
Agrarian Debt Securities
Real Estate Receivables Certificates
Real Estate Credit Note
Rural Product Note
Rural Pignoratícia and Mortgage Note
Bank Credit Note
Others

Shares of Publicly Held Companies
Shares of Closely Held Companies
Others
------*------
Title: DEBTORS - PENDING SETTLEMENTS ACCOUNT 1.8.4.30.00-2 Function:
Record the debtor balances of third parties, due to the realization of operations with fixed income securities, stocks, commodities, and financial assets, pending settlement at the time of balance sheets. There must be control of the balance of this account, daily and by debtor, in order to evidence overdue and unsettled operations and operations in progress on D+1 to D+5, at the net value of the operation note. This account requires the following internal-use sub-accounts:
Market Institutions
Individuals and Legal Entities
------*------
Title: DIVERSIFIED DEBTORS - COUNTRY 1.8.8.92.00-4 Function:
Record, by holder, the amounts due to the fund by individuals or legal entities domiciled in the Country, including those resulting from the exercise of mandate, for which there is no specific account for bookkeeping. Examples of internal-use sub-accounts that fit the function of this account:
Judicial Costs to be Reimbursed
Cash Differences
Pending Regularizations
------------
Title: RIGHTS FROM LOANS OF SECURITIES AND SECURITIES 1.8.4.88.00-9 Function:
Record operations carried out under the modalities of loans of securities and securities. It offsets with the fixed income securities account (1.3.1.10.00-4) or variable income securities account (1.3.1.20.00-1). ------------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: DIVIDENDS AND BONUSES TO BE PASSED ON 4.9.3.10.00-5 Function:
Record the dividends and bonuses to be passed on to the fund's unitholders.
------------
Title: DIVIDENDS AND BONUSES IN CASH TO BE RECEIVED 1.8.3.60.00-0 Function:
Record, on the date they are declared, the dividends and cash bonuses to be received, resulting from investments in variable income securities. ------------ Title: TAXES AND CONTRIBUTIONS TO BE PAID 4.9.4.20.00-5 Taxes and Contributions on Third-Party Services 4.9.4.20.10-8 Income Tax 4.9.4.20.15-3 IOF 4.9.4.20.20-1 Other Taxes and Fees 4.9.4.20.25-6 Function:
Record the taxes and contributions withheld at source on third-party services and not yet paid.
------------
Title: FINANCIAL DERIVATIVE INSTRUMENTS ABROAD - ASSET 1.3.3.80.00-9 Function:
Record the rights to receive regarding financial derivative instruments abroad.
------------
Title: FINANCIAL DERIVATIVE INSTRUMENTS ABROAD - LIABILITY 4.7.1.80.00-0 Function:
Record the obligations regarding financial derivative instruments abroad.
------------
Title: INTEREST ON OWN CAPITAL IN CASH TO BE RECEIVED 1.8.3.65.00-5 Function:
Record the values as interest on own capital in cash to be received.
------------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: INTEREST ON OWN CAPITAL TO BE PASSED ON 4.9.3.13.00-2 Function:
Record the values as interest on own capital to be passed on to the fund's unitholders.
------------
Title: PROFITS FROM FIXED INCOME SECURITIES 7.1.5.75.00-7 Function:
Record the profits realized from the definitive sale of fixed income securities.
------------
Title: PROFITS FROM VARIABLE INCOME SECURITIES 7.1.5.77.00-5 Function:
Record the profits realized from the definitive sale of variable income securities.
------------
Title: PROFITS FROM SECURITIES AND SECURITIES ABROAD 7.1.5.79.00-3 Function: Record the profits realized from the definitive sale of securities and securities abroad ------------ Title: ACCUMULATED PROFITS OR LOSSES 6.1.8.10.00-2 Function:
Record the remaining balance of profits (or losses), after reversals, adjustments, and allocations.
------------
Title: FUTURES MARKETS - DAILY ADJUSTMENTS - ASSET 1.3.3.45.00-6 Futures 1.3.3.45.10-9 Function:
Record the value of positive daily adjustments of operations with stocks, other financial assets, and commodities, carried out in the futures market. ------------ Title: FUTURES MARKETS - DAILY ADJUSTMENTS - LIABILITY 4.7.1.50.00-9 Function:
Record the value of negative daily adjustments of operations with stocks, other financial assets, and commodities, carried out in the futures market. ------*------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: PRIVATIZATION CURRENCIES 1.3.5.10.00-6 Function:
Record the values accepted by the National Treasury as privatization currencies and that have not been securitized by it, registered in a specific system of the Central Custody and Financial Settlement of Securities - CETIP. ------------ Title: UNIT MOVEMENT – CONTROL 9.0.9.17.00-0 Issuances 9.0.9.17.05-5 Redemptions 9.0.9.17.10-3 Circulation 9.0.9.17.15-8 Function:
Record the value of units issued, redeemed, and in circulation of the fund.
------------
Title: OBLIGATIONS FOR FORWARD PURCHASE TO BE PAID 4.7.1.30.00-5 Operations with Stocks 4.7.1.30.10-8 Operations with Fixed Income Securities 4.7.1.30.15-3 Operations with Financial Assets and Commodities 4.7.1.30.40-7 Function:
Record the value of forward purchase contracts, for own account, of stocks, other financial assets, and commodities, pending payment, evaluated at fair value. ------------ Title: OBLIGATIONS FOR FORWARD SALE TO DELIVER 4.7.1.40.00-2 Operations with Stocks 4.7.1.40.10-5 Operations with Fixed Income Securities 4.7.1.40.15-0 Operations with Financial Assets and Commodities 4.7.1.40.40-4 Function:
Record the value of the spot price of the asset subject to the forward sale contract, short and for own account, of stocks, other financial assets, and commodities, evaluated at fair value. ------------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: OBLIGATIONS LINKED TO COMMITTED OPERATIONS WITH FREELY MOVABLE SECURITIES 4.2.3.40.00-3 Federal Public Securities - National Treasury 4.2.3.40.02-7 Federal Public Securities - Central Bank 4.2.3.40.04-1 Function:
Record the obligations regarding the commitment to return securities received as collateral in committed operations with free movement agreement, upon the definitive sale of these securities, evaluated at the fair value of the securities. ------------ Title: COMMITTED OPERATIONS WITH FREE MOVEMENT AGREEMENT – SECURITIES RECEIVED AS COLLATERAL 9.0.6.35.00-7 Function:
Record the securities and securities received as collateral in committed operations with free movement agreement, in offset to the title SECURITIES RECEIVED AS COLLATERAL IN COMMITTED OPERATIONS WITH FREE MOVEMENT AGREEMENT, code 3.0.6.35.00-5. ------------ Title: SWAP OPERATIONS 1.3.3.15.00-5 Differential to be Received 1.3.3.15.10-8 Differential to be Received - Operations with Guarantee 1.3.3.15.20-1 Function:
Record the values to be received, relating to income earned, resulting from swap operations, evaluated at fair value. ------------ Title: SWAP OPERATIONS' 4.7.1.10.00-1 Differential to be Paid 4.7.1.10.10-4 Function:
Record the values to be paid, relating to expenses incurred, resulting from swap operations, evaluated at fair value. ------------ Title: GOLD IN CUSTODY 9.0.4.99.00-9 Own 9.0.4.99.10-2 Function:
Record, by the final custodian, the amount of the custodied balance in the gram unit, subdivided into centigrams, each unit corresponding to the index value of R$ 1.00 (one real). It offsets with GOLD CUSTODY. The final custodian is considered the institution responsible for the physical custody of the metal. ------*------

Subscription of Newspapers and Magazines
Judicial and Notarial Emoluments
Others
------------
Title: OTHER NON-OPERATING EXPENSES 8.3.9.99.00-4 Function:
Record non-operating expenses belonging to the period, for which there is no specific account for bookkeeping. The fund must adopt internal breakdowns to identify the nature of the expenses recorded in this account. ------------ Title: OTHER OPERATING EXPENSES 8.1.9.99.00-6 Function:
Record the value of other operating expenses that constitute an effective expense of the institution in the period, for which there is no specific account for bookkeeping, as well as for the reclassification of debtor balances presented by result accounts of a creditor nature, resulting from the recording of exchange rate variation incident on active operations with exchange rate adjustment clause, the fund must maintain analytical control to identify the expenses of the species, according to their nature. ------*------

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUND ACCOUNTING PLAN - COFI Title: OTHER OBLIGATIONS FROM NEGOTIATION AND INTERMEDIATION OF SECURITIES 4.9.5.90.00-7 Function:
Record the values for which there are no specific accounts in the breakdown.
------------
Title: OTHER INCOME TO BE RECEIVED 1.8.3.90.00-1 Remuneration Agreement – Management Fee 1.8.3.90.01-8 Remuneration Agreement – Performance Fee 1.8.3.90.02-5 Function:
Record the income to be received not classifiable in the other accounts of the sub-group breakdown.
------------
Title: OTHER NON-OPERATING INCOME 7.3.9.99.00-7 Function:
Record non-operating revenues, for which there is no adequate account for bookkeeping and which constitute an effective revenue of the fund in the period. ------------ Title: OTHER OPERATING INCOME 7.1.9.99.00-9 Remuneration Agreement – Management Fee 7.1.9.99.01-6 Remuneration Agreement – Performance Fee 7.1.9.99.02-3 Function:
Record the other operating revenues that constitute an effective revenue of the fund in the period, for which there is no specific account for bookkeeping, as well as for the reclassification of creditor balances presented by result accounts of a debtor nature, resulting from the recording of exchange rate variation incident on passive operations with exchange rate adjustment clause, the fund must maintain analytical control to identify the revenues of the species, according to their nature. ------------ Title: OTHER CREDITS FROM NEGOTIATION AND INTERMEDIATION OF SECURITIES 1.8.4.90.00-4 Function:
Record the values not classifiable in the other accounts of the breakdown.
------*------

Federal Securities - Linked to External Resources
Central Bank Letters
National Treasury Letters
State and Municipal Securities
Bank Deposit Certificates
Subordinated Bank Deposit Certificates
Special Guarantee Time Deposits
Financial Letters
Subordinated Financial Letters
Real Estate Credit Letters
Agricultural Credit Letters
Bills of Exchange
Mortgage Letters
Real Estate Letters
Debentures
Eletrobrás Obligations
Agrarian Debt Securities
Real Estate Receivables Certificates
Real Estate Credit Note
Rural Product Note
Rural Pignoratícia and Mortgage Note
Bank Credit Note
Others
------*------

Title: LOSSES ON VARIABLE INCOME SECURITIES 8.1.5.30.00-1 Function:
To record losses incurred on the alienation of variable income securities during the period.
This account requires the following internal use sub-titles:

Shares of Open Companies
Shares of Closed Companies
Subscription Bonuses of Open Companies
Others
------------
Title: LOSSES ON SECURITIES AND SECURITIES VALUES ABROAD 8.1.5.35.00-6 Function:
To record losses incurred on the alienation of securities and securities values abroad.
------------
Title: LOSSES ON GOLD APPLICATIONS 8.1.5.70.00-9 Function:
To record negative adjustments and losses on the alienations of temporary gold applications, belonging to the current period. ------------ Title: PREMIUMS ON OPTIONS TO BE EXERCISED – SHARES 1.3.3.60.00-5 Call Option Purchases - Holder Position 1.3.3.60.10-8 Put Option Purchases - Holder Position 1.3.3.60.20-1 Function:
To record the value of premiums paid for the acquisitions of call and put options on shares, until maturity or settlement of the operation, via reverse operation, evaluated at fair value. ------------ Title: PREMIUMS ON OPTIONS TO BE EXERCISED - FINANCIAL ASSETS AND COMMODITIES 1.3.3.70.00-2 Call Option Purchases - Holder Position 1.3.3.70.10-5 Put Option Purchases - Holder Position 1.3.3.70.20-8 Function:
To record the value of premiums paid for the acquisitions of call and put options on financial assets and commodities, until maturity or settlement of the operation, via reverse operation, evaluated at fair value. ------*------

Title: PREMIUMS ON LAUNCHED OPTIONS – SHARES 4.7.1.60.00-6 Call Option Sales - Writer Position 4.7.1.60.10-9 Put Option Sales - Writer Position 4.7.1.60.20-2 Function:
To record the value of premiums received on the launch of call or put options on shares, until maturity or settlement of the operation, via reverse operation, evaluated at fair value. ------------ Title: PREMIUMS ON LAUNCHED OPTIONS - FINANCIAL ASSETS AND COMMODITIES 4.7.1.70.00-3 Call Option Sales - Writer Position 4.7.1.70.10-6 Put Option Sales - Writer Position 4.7.1.70.20-9 Function:
To record the value of premiums received on the launch of call or put options on financial assets and commodities, until maturity or settlement of the operation, via reverse operation, evaluated at fair value. ------------ Title: PROVISION FOR PAYMENTS TO BE MADE 4.9.9.30.00-7 Other Administrative Expenses 4.9.9.30.50-2 Other Payments 4.9.9.30.90-4 Function:
To record values intended for the formation of a provision for payments of charges and expenses attributable to the current month, for which no specific account exists in the bookkeeping. The sub-title Other Administrative Expenses must be used to record the provisioning of payments to be made, relating to other administrative expenses of the fund, such as fees. The sub-title Other Payments must be used to record the provisioning of other payments to be made by the fund. Obligations normally defined in terms of value, payment date, and beneficiary are not recorded in provisions, but in OTHER CREDITORS - COUNTRY or in another adequate account. ------------ Title: REPURCHASES TO BE SETTLED - CLEARING AND SETTLEMENT CHAMBERS – GENERIC COMMITTED OPERATIONS 4.2.3.35.00-1 Function:
To record repurchase commitments in committed operations with free movement clauses contracted and settled through a clearing or settlement and compensation service provider under the "generic" modality. An operation is characterized as "generic" when it is a committed operation with a free movement clause in which the securities serving as collateral for the transaction are determined based on the net financial value of the operations carried out on the day, by the clearing or settlement and compensation service provider, among a set of different types of securities accepted in this modality. ------------

Title: REPURCHASES TO BE SETTLED - OWN PORTFOLIO 4.2.1.10.00-6 Treasury Financial Notes 4.2.1.10.03-7 National Treasury Notes 4.2.1.10.05-1 National Treasury Notes 4.2.1.10.07-5 Central Bank Notes 4.2.1.10.15-4 Central Bank Notes 4.2.1.10.16-1 Central Bank Bonuses 4.2.1.10.18-5 Debentures 4.2.1.10.30-5 Private Securities – Others 4.2.1.10.40-8 Function:
To record committed operations collateralized with own securities.
------------
Title: REPURCHASES TO BE SETTLED - FREE MOVEMENT 4.2.3.30.00-6 Federal Public Securities - National Treasury 4.2.3.30.02-0 Federal Public Securities - Central Bank 4.2.3.30.04-4 Function:
To record the value of repurchase commitments in committed operations carried out with a free movement agreement. ------------ Title: INCOME FROM APPLICATIONS IN INVESTMENT FUNDS 7.1.5.40.00-1 Fixed Income Fund Shares 7.1.5.40.15-9 Equity Fund Shares 7.1.5.40.20-7 Exchange Rate Fund Shares 7.1.5.40.25-2 Multi-Strategy Fund Shares 7.1.5.40.35-5 Market Index Investment Fund Shares 7.1.5.40.36-2 Credit Rights Fund Shares 7.1.5.40.40-3 Real Estate Fund Shares 7.1.5.40.45-8 Emerging Companies Fund Shares 7.1.5.40.50-6 Participation Fund Shares 7.1.5.40.55-1 Function:
To record income from applications in investment funds, which constitute effective revenue of the fund, during the period. ------------ Title: INCOME FROM APPLICATIONS IN COMMITTED OPERATIONS 7.1.4.10.00-7 Backed Position 7.1.4.10.10-0 Financed Position 7.1.4.10.20-3 Function:
To record income from applications in committed operations, which constitute effective revenue of the fund, during the period. ------------

Title: INCOME FROM APPLICATIONS IN COMMITTED OPERATIONS ABROAD 7.1.4.20.00-4 Function:
To record income from applications in committed operations abroad, which constitute effective revenue of the fund, during the period. ------------ Title: INCOME FROM APPLICATIONS IN GOLD 7.1.5.70.00-2 Function:
To record positive adjustments and gains on the alienations of temporary gold applications, which constitute effective revenue of the institution, during the period. ------------ Title: INCOME FROM CREDITS LINKED TO THE CENTRAL BANK 7.1.9.60.00-7 Function:
To record income from deposits in foreign currencies, as well as from other deposits or collections made at the Central Bank, which constitute effective revenue of the fund, during the period. This account requires the following internal use sub-titles:

Deposits in Foreign Currencies
Other Linked Credits
------------
Title: INCOME FROM RIGHTS BY LOANS OF SECURITIES AND SECURITIES VALUES 7.1.1.80.00-7 Function:
To record income from rights by loans of securities and securities values, which constitute effective revenue of the fund, during the period. ------------ Title: INCOME FROM AVAILABILITIES IN FOREIGN CURRENCIES 7.1.3.70.00-6 Function:
To record the value of income resulting from exchange rate variation, as a consequence of maintaining availabilities in foreign currencies. ------*------

Title: INCOME FROM FIXED INCOME SECURITIES 7.1.5.10.00-0 Function:
To record income from fixed income securities, which constitute effective revenue of the fund, during the period. This account requires the following internal use sub-titles:

Central Bank Notes
National Treasury Notes
State and Municipal Securities
Bank Deposit Certificates
Subordinated Bank Deposit Certificates
Special Guarantee Time Deposit
Financial Notes
Subordinated Financial Notes
Real Estate Credit Notes
Agricultural Credit Notes
Exchange Notes
Mortgage Notes
Real Estate Notes
Debentures
Eletrobrás Obligations
Agrarian Debt Securities
Real Estate Receivables Certificates
Real Estate Credit Deed
Rural Product Deed
Rural Pledge and/or Mortgage Deed
Bank Credit Deed
Others
------*------
Title: INCOME FROM VARIABLE INCOME SECURITIES 7.1.5.20.00-7 Function:
To record income from variable income securities, which constitute effective revenue of the fund, during the period. This account requires the following internal use sub-titles:
Shares of Open Companies
Shares of Closed Companies
Others
------------
Title: INCOME FROM SECURITIES AND SECURITIES VALUES ABROAD 7.1.5.15.00-5 Function:
To record income from applications in securities and securities values, abroad.
------------

Title: INCOME FROM EXCHANGE RATE VARIATION OF SECURITIES AND SECURITIES VALUES ABROAD 7.1.3.80.00-2 Function:
To record the value of income resulting from exchange rate variation, as a consequence of maintaining securities and securities values abroad. ------------ Title: INCOME FROM EXCHANGE RATE VARIATION - OTHERS 7.1.3.90.00-0 Function:
To record the value of income resulting from exchange rate variation, as a consequence of maintaining other financial assets and liabilities abroad. ------------ Title: INCOME FROM OPERATIONS WITH DERIVATIVES 7.1.5.80.00-9 Swap 7.1.5.80.11-9 Term 7.1.5.80.21-2 Futures 7.1.5.80.31-5 Options on Shares 7.1.5.80.42-5 Options on Financial Assets and Commodities 7.1.5.80.51-1 Others 7.1.5.80.90-6 Function:
To record income from operations with financial derivative instruments according to the modality, including positive adjustments to fair value. ------------ Title: LIABILITIES FOR VALUES IN GUARANTEE OF OPERATIONS 9.0.6.40.00-9 Function:
To record the value of fixed and variable income securities, gold, and other financial assets and goods given as guarantee for operations on one's own account. It offsets with VALUES IN GUARANTEE OF OPERATIONS. Values given as guarantee for operations, except in national currency, must remain in the source accounts, using internal use sub-titles for control. ------------

Title: RESALES TO BE SETTLED - CLEARING AND SETTLEMENT CHAMBERS - GENERIC OPERATIONS 1.2.1.35.00-4 Function:
To record applications in committed operations with free movement clauses contracted and settled through a clearing or settlement and compensation service provider under the "generic" modality. An operation is characterized as "generic" when it is a committed operation with a free movement clause in which the securities serving as collateral for the transaction are determined based on the net financial value of the operations carried out on the day, by the clearing or settlement and compensation service provider, among a set of different types of securities accepted in this modality. ------------ Title: RESALES TO BE SETTLED - BACKED POSITION 1.2.1.10.00-5 Treasury Financial Notes 1.2.1.10.03-6 National Treasury Notes 1.2.1.10.05-0 National Treasury Notes 1.2.1.10.07-4 Central Bank Notes 1.2.1.10.15-3 Central Bank Notes 1.2.1.10.16-0 Central Bank Bonuses 1.2.1.10.18-4 State and Municipal Securities 1.2.1.10.20-1 State Securities - Debts Refinanced by the Union 1.2.1.10.21-8 Bank Deposit Certificates 1.2.1.10.25-6 Subordinated Bank Deposit Certificates 1.2.1.10.26-3 CDB - Linked Financial Institution 1.2.1.10.30-4 Exchange Notes 1.2.1.10.35-9 LC - Linked Financial Institution 1.2.1.10.40-7 Real Estate Notes 1.2.1.10.45-2 LI - Linked Financial Institution 1.2.1.10.50-0 Real Estate Receivables Certificates 1.2.1.10.62-7 Debentures 1.2.1.10.65-8 Special Guarantee Time Deposits 1.2.1.10.68-9 Financial Notes 1.2.1.10.71-3 Subordinated Financial Notes 1.2.1.10.72-0 Real Estate Credit Notes 1.2.1.10.74-4 Agricultural Credit Notes 1.2.1.10.77-5 Securities Abroad 1.2.1.10.88-9 Others 1.2.1.10.99-5 Function:
To record operations of purchasing securities with a commitment to resell, collateralized with the seller's own securities. The sub-title State Securities - Debts Refinanced by the Union is intended for recording applications in state public securities corresponding to debt that has been assumed and refinanced by the Union within the scope of the Program for Support to Restructuring and Fiscal Adjustment of the States. ------------

Title: CAPITAL SUBSCRIPTION TO BE PAID UP 4.9.9.80.00-2 Function: To record the fund's liabilities for subscribed and yet unpaid capital in corporate participations. ------------ Title: SECURITIES GIVEN AS GUARANTEE - OTHERS 1.3.6.20.00-6 Federal Public Securities - National Treasury 1.3.6.20.02-0 Federal Public Securities - Central Bank 1.3.6.20.04-4 Federal Public Securities – Others 1.3.6.20.19-2 State and Municipal Securities 1.3.6.20.20-2 Real Estate Receivables Certificates 1.3.6.20.62-8 Securities Issued by Financial Institutions – Fixed Income 1.3.6.20.70-7 Other Private Securities – Fixed Income 1.3.6.20.75-2 Variable Income Securities 1.3.6.20.80-0 Others 1.3.6.20.99-6 Function:
To record the value of securities and securities values given as guarantee for other operations, not in stock exchanges, the institution must maintain internal controls that allow the identification of the guaranteed operations. ------------ Title: SECURITIES GIVEN AS GUARANTEE FOR STOCK EXCHANGE OPERATIONS 1.3.6.10.00-9 Federal Public Securities - National Treasury 1.3.6.10.02-3 Federal Public Securities - Central Bank 1.3.6.10.04-7 Federal Public Securities - Others 1.3.6.10.19-5 State and Municipal Securities 1.3.6.10.20-5 Real Estate Receivables Certificates 1.3.6.10.62-1 Securities Issued by Financial Institutions – Fixed Income 1.3.6.10.70-0 Other Private Securities – Fixed Income 1.3.6.10.75-5 Variable Income Securities 1.3.6.10.80-3 Others 1.3.6.10.99-9 Function:
To record the value of securities and securities values given as guarantee for operations carried out in stock exchanges, commodity exchanges, and futures exchanges. ------*------

Title: SECURITIES GIVEN AS GUARANTEE FOR OPERATIONS IN CLEARING AND SETTLEMENT CHAMBERS 1.3.6.15.00-4 Federal Public Securities - National Treasury 1.3.6.15.02-8 Federal Public Securities - Central Bank 1.3.6.15.04-2 Federal Public Securities - Others 1.3.6.15.19-0 State and Municipal Securities 1.3.6.15.20-0 Real Estate Receivables Certificates 1.3.6.15.62-6 Securities Issued by Financial Institutions – Fixed Income 1.3.6.15.70-5 Other Private Securities – Fixed Income 1.3.6.15.75-0 Variable Income Securities 1.3.6.15.80-8 Others 1.3.6.15.99-4 Function:
To record the value of securities and securities values given as guarantee for operations carried out in clearing and settlement chambers. The sub-title Federal Public Securities - Others has the function of recording the value related to federal public securities for which there is no specific sub-title. ------*------

Title: FIXED INCOME SECURITIES 1.3.1.10.00-4
Treasury Financial Notes 1.3.1.10.03-5
National Treasury Notes 1.3.1.10.05-9
National Treasury Notes 1.3.1.10.07-3
Central Bank Notes 1.3.1.10.15-2
Central Bank Notes 1.3.1.10.16-9
Central Bank Bonuses 1.3.1.10.18-3
Federal Public Securities - Others 1.3.1.10.19-0 State and Municipal Securities 1.3.1.10.20-0 State Securities - Debts Refinanced by the Union 1.3.1.10.21-7 Bank Deposit Certificates 1.3.1.10.25-5 Subordinated Bank Deposit Certificates 1.3.1.10.26-2 CDB - Linked Financial Institution 1.3.1.10.30-3 Exchange Notes 1.3.1.10.35-8 LC - Linked Financial Institution 1.3.1.10.40-6 Real Estate Notes 1.3.1.10.45-1 LI - Linked Financial Institution 1.3.1.10.50-9 Mortgage Notes 1.3.1.10.55-4 LH- Linked Financial Institution 1.3.1.10.60-2 Special Guarantee Time Deposits 1.3.1.10.61-9 Real Estate Receivables Certificates 1.3.1.10.62-6 Real Estate Credit Deed 1.3.1.10.63-3 Financial Notes 1.3.1.10.64-0 Debentures 1.3.1.10.65-7 Real Estate Credit Notes 1.3.1.10.66-4 Agricultural Credit Notes 1.3.1.10.67-1 Subordinated Financial Notes 1.3.1.10.68-8 Securities Abroad 1.3.1.10.69-5 Eletrobrás Obligations 1.3.1.10.70-5 Agrarian Debt Securities 1.3.1.10.75-0 Promissory Notes 1.3.1.10.76-7 Rural Product Deed 1.3.1.10.77-4 Rural Pledge and/or Mortgage Deed 1.3.1.10.78-1 Bank Credit Deed 1.3.1.10.79-8 Agricultural and Warrant Deposit Certificate 1.3.1.10.80-8 Of Issuance by Financial Entities Linked to Official International Organizations 1.3.1.10.97-0 Others 1.3.1.10.99-4 Function:
To record applications made by the fund in fixed income securities, intended for trading.
The sub-title State Securities - Debts Refinanced by the Union is intended for recording applications in state public securities corresponding to debt that has been assumed and refinanced by the Union within the scope of the Program for Support to Restructuring and Fiscal Adjustment of the States. The sub-title 1.3.1.10.97-0 is intended for recording securities and securities values issued, in the Brazilian market, by financial entities belonging to groups belonging to official international organizations. ------*------

Title: FIXED INCOME SECURITIES - LINKED TO REPURCHASES 1.3.2.10.00-7 Treasury Financial Notes 1.3.2.10.03-8 National Treasury Notes 1.3.2.10.05-2 National Treasury Notes 1.3.2.10.07-6 Central Bank Notes 1.3.2.10.15-5 Central Bank Notes 1.3.2.10.16-2 Central Bank Bonuses 1.3.2.10.18-6 Function:
To record the value of fixed income securities held as collateral in operations of sale with commitment to repurchase. The sub-title State Securities - Debts Refinanced by the Union is intended for recording applications in state public securities corresponding to debt that has been assumed and refinanced by the Union within the scope of the Program for Support to Restructuring and Fiscal Adjustment of the States. ------------ Title: VARIABLE INCOME SECURITIES 1.3.1.20.00-1 Shares of Open Companies 1.3.1.20.10-4 BDR – Depositary Receipt of Shares 1.3.1.20.15-9 Shares of Closed Companies 1.3.1.20.20-7 Subscription Bonuses of Open Companies 1.3.1.20.30-0 Shares of Privatized Companies 1.3.1.20.50-6 Others 1.3.1.20.99-1 Function:
To record applications made by the fund in variable income securities.
In the sub-title Shares of Privatized Companies, acquisitions of shares of privatized companies, resulting from temporary participation, within the scope of the National Privatization Program (PND), must be recorded. On the date when 3 (three) years have elapsed since the corresponding auction, shares of privatized companies acquired within the scope of the National Privatization Program (PND) must be reclassified from the sub-title Shares of Privatized Companies to an adequate sub-title of this title. ------------ Title: SECURITIES AND SECURITIES VALUES BORROWED AND SOLD 4.9.5.40.00-2 Function:
To record the fair value of securities and securities values borrowed and sold, representing the fund's liability to return the financial asset. ------*------

Title: SECURITIES SUBJECT TO REPO OPERATIONS WITH FREE MOVEMENT AGREEMENT 1.3.7.10.00-2 Federal Public Securities – National Treasury 1.3.7.10.02-6 Federal Public Securities – Central Bank 1.3.7.10.04-0 Function:
Record the securities and securities delivered as collateral in repo operations with free movement agreement. ------------ Title: SECURITIES RECEIVED AS COLLATERAL IN REPO OPERATIONS WITH FREE MOVEMENT AGREEMENT 3.0.6.35.00-5 Federal Public Securities – National Treasury 3.0.6.35.02-9 Federal Public Securities – Central Bank 3.0.6.35.04-3 Function:
Record the securities and securities received as collateral in repo operations with free movement agreement, with the counterpart being the title REPO OPERATIONS WITH FREE MOVEMENT AGREEMENT – SECURITIES RECEIVED AS COLLATERAL, code 9.0.6.35.00-7. ------------ Title: SECURITIES - NEGATIVE FAIR VALUE ADJUSTMENT 8.1.5.80.00-6 Securities for Trading 8.1.5.80.10-9 Reclassification of Securities Held to Maturity to Trading 8.1.5.80.15-4 Function:
Record the devaluations resulting from the fair value adjustment of securities and securities classified in the securities for trading category. In the Reclassification of Securities Held to Maturity to Trading item, losses resulting from the immediate recognition of the fair value adjustment will be recorded. ------------ Title: SECURITIES - POSITIVE FAIR VALUE ADJUSTMENT 7.1.5.90.00-6 Securities for Trading 7.1.5.90.10-9 Reclassification of Securities Held to Maturity to Trading 7.1.5.90.15-4 Function:
Record the appreciations resulting from the fair value adjustment of securities and securities classified in the securities for trading category. In the Reclassification of Securities Held to Maturity to Trading item, gains resulting from the immediate recognition of the fair value adjustment will be recorded. ------------

Title: AMOUNTS PAYABLE TO THE ADMINISTRATING COMPANY 4.9.9.83.00-9 Administration Fee 4.9.9.83.10-2 Performance Fee 4.9.9.83.20-5 Entry and Exit Fee 4.9.9.83.30-8 Function:
Record the amounts due by the Fund to the administrator, related to the administration fee and other obligations. ------------ Title: CUSTODIED AMOUNTS 9.0.4.30.00-6 Function:
Record the securities, securities and other assets delivered to third parties or to another custody department. It makes counterpart with CUSTODIANS OF AMOUNTS IN CUSTODY. ------------ Title: AMOUNTS IN GUARANTEE OF OPERATIONS 3.0.6.40.00-7 Function:
Record the value of fixed and variable income securities, gold and other financial assets and assets given as guarantee for operations on own account. The amounts given as guarantee for operations, except in national currency, must remain in the source accounts, using internal use sub-titles for control. It makes counterpart with LIABILITIES FOR AMOUNTS IN GUARANTEE OF OPERATIONS. ------------ Title: VARIATIONS IN SHARE AMORTIZATION 6.1.1.90.00-7 Function:
Record the value of variations resulting from share amortization.
------------
Title: VARIATIONS IN SHARE REDEMPTION 6.1.1.80.00-0 Function:
Record the value of variations resulting from the redemption of shares at a value higher or lower than their issuance value. ------*------

Title: FORWARD SALES TO BE RECEIVED 1.3.3.35.00-9 Stock Operations 1.3.3.35.10-2 Fixed Income Securities Operations 1.3.3.35.15-7 Financial Assets and Merchandise Operations 1.3.3.35.40-1 Function:
Record the amounts to be received resulting from forward sales contracts of stocks, other financial assets and merchandise, evaluated at fair value.

Fund Name:
CNPJ (Taxpayer Registry Number)
Reference Date: DD/MM/YYYY
Total portfolio - in Real units, with cents (R$ 1.00)
Net Equity Value - in Real units, with cents (R$ 1.00)
Share Value
Subscriptions - in Real units, with cents (R$ 1.00)
Redemptions - in Real units, with cents (R$ 1.00)
Total value of cash outflows expected to occur within the period established in the regulations for the payment of redemptions (including the stock of requested and unpaid redemptions) -
in Real units, with cents (R$ 1.00)
Total value of assets eligible for financial liquidation under current market conditions, within the period established by the fund's regulations for the payment of redemption requests (including
liquidity) - in Real units, with cents (R$ 1.00)
Number of shareholders
CPF/CNPJ of the shareholder with investment equal to or greater than 20% of the Fund's Net Equity and respective
participation %
CPF/CNPJ of the shareholder with investment equal to or greater than 20% of the Fund's Net Equity and respective
participation %
CPF/CNPJ of the shareholder with investment equal to or greater than 20% of the Fund's Net Equity and respective
participation %
CPF/CNPJ of the shareholder with investment equal to or greater than 20% of the Fund's Net Equity and respective
participation %
CPF/CNPJ of the shareholder with investment equal to or greater than 20% of the Fund's Net Equity and respective
participation %

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI
CHAPTER 3 – Documents
SECTION 1 – Model Document No. 1
Document No. 1 – Daily Report
FILLING MANUAL
4. Total portfolio – Fill in with the value of the fund's portfolio on the reference date. For the determination of the portfolio value,
only the fund's patrimonial assets should be considered, not including, for example, the value of futures contracts. Also, financial dividends (Liquidity, Dividends, Interest on equity, etc.) should not be considered and non-financial dividends (Subscription Receipt, Rights, Bonus Assets, etc.) must be included, as the concept of portfolio encompasses only the assets that can generate some income for the fund, excluding those in which the conversion to cash is already characterized, but has not yet been effected.
5. Net Equity Value – Fill in with the adjusted net equity value of the day.
6. Share Value – Fill in with the fund's share value on the document's reference date.
7. Subscriptions – Fill in with the total value of applications accounted for on the day, according to the accrual basis.
In the case of incorporation, the value transferred from the incorporated fund must be reported as the day's subscription by the incorporating fund. In the case of merger, the net equity of the merging funds must be reported as the day's subscription by the new fund resulting from the merger. In the case of spin-off, the fund resulting from the spin-off must report the received value as the day's subscription.
8. Redemptions – Fill in with the total value of redemptions accounted for on the day, according to the accrual basis.
In the case of incorporation, the value transferred to the incorporating fund must be reported as the day's redemption by the incorporated fund. In the case of merger, the net equity transferred to the new fund created must be reported as the day's redemption by the merging funds. In the case of spin-off, the spun-off value must be reported as the day's redemption by the fund that had its net equity reduced.
9. Total value of cash outflows expected to occur within the period established in the regulations for the payment
of redemptions (including the stock of requested and unpaid redemptions) – Fill in with the total value of redemptions requested and not yet accounted for by the fund (value in stock up to the document's reference date).
10. Total value of assets eligible for financial liquidation under current market conditions, within the period established
by the fund's regulations for the payment of redemption requests (including liquidity) – Fill in with the daily liquidity available, considering the period between the request and payment of redemptions (redemption period), as set forth in the fund's regulations, and that can be alienated without substantial loss of value within the redemption period.
11. Number of shareholders – Fill in with the total number of fund shareholders on the document's reference date. Do
not consider co-investors; each application must correspond to a single shareholder.
12. CPF/CNPJ of the shareholder with investment equal to or greater than 20% of the Fund's Net Equity and respective participation % - Fill in with
the CPF or CNPJ of the shareholder who holds more than 20% of the Fund's Net Equity on the document's reference date. This field should be reported only on the last business day of each month of the civil calendar, and occasionally on other dates when requested by the CVM.

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI
CHAPTER 3 – Documents
SECTION 2 – Model Document No. 2
Document No. 2 – Trial Balance/Balance Sheet
TRIAL BALANCE / BALANCE SHEET
Accrual: MM/YYYY
Fund Name: CNPJ:
Administrator: CNPJ:
Account Code Account Name Account Balance
Document No. 2 – Trial Balance/Balance Sheet
FILLING MANUAL
Account Code – Fill in with the account code, as defined in the Investment Funds Accounting Plan – COFI.
Account Name – Fill in with the account name, as defined in the Investment Funds Accounting Plan – COFI.
Account Balance – Fill in the account balance on the document's reference date.

Applications must be specified individually;
Applications in securities and securities of affiliated companies must be identified with an asterisk (*) and legend
in the footer (1);
Stocks and options must be segregated according to the form of evaluation (if at market price or at realization price,
as appropriate);
The "Total Cost" column must represent the acquisition value of the stocks and options included in the fund's portfolio. In the case
of securities acquired in a previous exercise, the fair value/realization of the date of the last balance sheet must be considered as cost;
Securities and securities must be presented in descending order of participation by company or issuer,
regardless of type, class, form or series, observing the nature of the application;
Issuers must be identified by the corporate name or trade name, preceded by the trading code. In the case of
stocks and options, the information may be complemented with the trading code or corporate governance code for companies that adhere to the Novo Mercado;
When the balance of the "amounts receivable" and "amounts payable" items is greater than 10% of the Net Equity value, on the date of
the balance sheet, its composition must be disclosed and its nature reported in an explanatory note;
The values in the Market/Realization column must be evaluated according to the criteria contained in section 1.2 –
Evaluation and Accounting Appropriation Criteria;
Adjustments of applications in futures markets, relating to the last business day of the month, must be reported in the item
"Futures Markets".
(1) Applications in investment funds of the same administrator are not considered applications in affiliated companies. The same guidelines established for the Statement of Composition and Diversification of the Portfolio apply, where applicable, to investment funds in shares.

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI
CHAPTER 3 – Documents
Document No. 4 – Statement of Net Equity Evolution STATEMENT OF NET EQUITY EVOLUTION Fiscal year ended on dd of mm of yyyy Fund Name : ______ CNPJ :
Administrator :______ CNPJ :
Values in R$ 1,000, except the unit value of shares.
Net equity at the beginning of the fiscal year:
Represented by : shares at R$
Shares issued during the fiscal year:
Shares redeemed during the fiscal year:
Represented by : Shares
Shares issued by incorporation shares
Shares redeemed by spin-off shares
Shares issued by portability shares
Shares redeemed by portability shares
Share Amortization
Variation in Share Redemption
Net equity before result:
Composition of the fiscal year result:
A - STOCKS / OPTIONS (5)
Fair value appreciation/depreciation (1)
Result in negotiations (2)
Dividends and Interest on Equity
B - FIXED INCOME and OTHER SECURITIES AND SECURITIES Income appropriation (1) Fair value appreciation/depreciation (1) Result in negotiations (2) C - Other Revenues:
Gains with Derivatives (3)
Other revenues (8)
D - Other Expenses:
Administration remuneration (4)
Services contracted by the Fund (6)
Audit and custody
Publications and correspondence

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 Capital losses (3) Losses with Derivatives (3) Supervisory fee Other expenses (7) Total fiscal year result:
Net equity at the end of the fiscal year:
Represented by : shares at R$
The explanatory notes are an integral part of the financial statements.
(1) These are updates for unrealized gains or losses and provisions in the fiscal year (2) These are the profits/losses obtained in purchases/sales during the fiscal year (3) Refers to realized gains/losses in futures markets and with unexercised option premiums (4) Administration and performance fee (5) Fund Shares, when it comes to DEPL of Fund Shares (6) Includes management, consulting, treasury, share distribution, share bookkeeping (7) Whenever a certain expense is greater than 10% of total expenses, it must be evidenced in a specific item. (8) Whenever a certain revenue is greater than 10% of total revenues, it must be evidenced in a specific item.

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 577, OF JULY 7, 2016 TITLE - INVESTMENT FUNDS ACCOUNTING PLAN - COFI
CHAPTER 3 – Documents
Document No. 4 – Statement of Net Equity Evolution FILLING MANUAL Period demonstrated The statement of net equity evolution must refer to a twelve (12) month period, ending in one of the months of the civil calendar, as defined in the fund's regulations, except for those relating to special situations defined in this regulation. There will be no comparisons with previous periods. The filling of the model items will only be carried out if there is an occurrence. Filling of items 1 - Net equity at the beginning of the fiscal year Number of shares - fill in with the number of shares existing at the end of the previous fiscal year. Maintain control that allows identifying, daily, the number of shares in circulation, preferably through a sub-account in group 3.0.9.00.00-8 - CONTROL. Share value - fill in with the share value at the end of the previous fiscal year. Net Equity - fill in with the value of the balance of account 6.0.0.00.00-2 - NET EQUITY at the end of the previous fiscal year. 2 - Shares issued during the fiscal year Number of shares - fill in with the number of shares issued during the fiscal year. Maintain control that allows identifying, daily, the number of shares issued, preferably through a sub-account in group 3.0.9.00.00-8 - CONTROL. Issuance value - fill in with the value of share issuances carried out during the fiscal year. Maintain control that allows identifying, daily, the values of the issuances carried out, preferably through a sub-account in group 6.1.1.70.00-3 - INVESTMENT SHARES. 3 - Shares redeemed during the fiscal year Number of shares - fill in with the number of shares redeemed during the fiscal year. Maintain control that allows identifying, daily, the number of shares redeemed, preferably through a sub-account in group 3.0.9.00.00-8 - CONTROL. Redemption value – fill in with the value of share redemptions carried out during the fiscal year. This value is formed by the cost of the redemption plus the balance of account 6.1.1.80.00-0 - VARIATION IN SHARE REDEMPTION. Maintain control that allows identifying, daily, the values of the redemption costs carried out, preferably through a sub-account in group 6.1.1.70.00-3 - INVESTMENT SHARES. 4 - Shares issued by incorporation Number of shares - fill in with the number of shares issued during the fiscal year, by incorporation. Maintain control that allows identifying, daily, the number of shares issued, preferably through a sub-account in group 3.0.9.00.00-8 - CONTROL.

Value of issuance - fill in with the value of share issuances carried out during the fiscal year, by incorporation. Maintain control that allows identifying, daily, the values of issuances carried out, preferably through a subaccount in group 6.1.1.70.00-3 - INVESTMENT SHARES.

5 - Shares redeemed by spin-off
Number of shares - fill in with the number of shares redeemed during the fiscal year, by spin-off.
Maintain control that allows identifying, daily, the number of shares redeemed, preferably through a subaccount in group 3.0.9.00.00-8 - CONTROL. Redemption value - fill in with the value of share redemptions carried out during the fiscal year by spin-off. This value is formed by the redemption cost plus the appreciation/depreciation occurred in the spin-off. a) Maintain control that allows identifying, daily, the values of the costs of redemptions carried out, preferably through a subaccount in group 6.1.1.70.00-3 - INVESTMENT SHARES. b) Maintain control that allows identifying, daily, the appreciation/depreciation occurred in the spin-off, preferably through a subaccount in group 6.1.8.00.00-5 - ACCUMULATED PROFITS OR LOSSES.

6 - Shares issued by portability (only for FMP-FGTS funds) Number of shares - fill in with the number of shares issued during the fiscal year, received from other funds, by portability. Maintain control that allows identifying, daily, the number of shares redeemed, preferably through a subaccount in group 3.0.9.00.00-8 - CONTROL. Value of issuance - fill in with the value of share issuances carried out during the fiscal year, received from other funds, by portability. Maintain control that allows identifying, daily, the values of issuances carried out, preferably through a subaccount in group 6.1.1.70.00-3 - INVESTMENT SHARES.

7 - Shares redeemed by portability (only for FMP-FGTS funds) Number of shares - fill in with the number of shares redeemed during the fiscal year, transferred to other funds, by portability. Maintain control that allows identifying, daily, the number of shares redeemed, preferably through a subaccount in group 3.0.9.00.00-8 - CONTROL. Redemption value - fill in with the value of share redemptions carried out during the fiscal year, transferred to other funds, by portability. This value is formed by the redemption cost plus the appreciation/depreciation occurred in the Portability. a) Maintain control that allows identifying, daily, the values of the costs of redemptions carried out, preferably through a subaccount in group 6.1.1.70.00-3 - INVESTMENT SHARES. b) Maintain control that allows identifying, daily, the appreciation/depreciation occurred in the redemptions, preferably through a subaccount in group 6.1.8.00.00-5 - ACCUMULATED PROFITS OR LOSSES.

8 - Net equity before the result
Fill in with the value of the balance of account 6.0.0.00.00-2 NET EQUITY (before closing the result accounts) or with the value of the sum of items 1 to 7.

9 - Composition of the result of the fiscal year A - SHARES/OPTIONS (Note: in the case of a Statement of Changes in Net Asset Value of FUND OF FUNDS, replace "Shares/Options" with "Fund Shares"). A.1 - Appreciation/depreciation at fair value. Fill in with the algebraic sum of the values of A1.1 to A1.3. The balance of this item must correspond to the difference between the columns "Market/Realization" and "Total Cost" of the statement of composition and diversification of applications. A1.1 - Determine the value related to updates by unrealized gains, during the fiscal year (appreciation of shares/options). Use account 7.1.5.20.00-7 INCOME FROM VARIABLE INCOME SECURITIES to identify the appreciation of shares. Maintain control that allows identifying, daily, the appreciation of options, preferably create a subaccount in group 7.1.9.99.00-9 OTHER OPERATING INCOME. A1.2 - Determine the value related to updates by unrealized losses, during the fiscal year (depreciation of shares/options). a) Maintain control that allows identifying, daily, the depreciation of shares, preferably create a subaccount in group 8.1.9.99.00-6 – OTHER OPERATING EXPENSES. b) Maintain control that allows identifying, daily, the depreciation of options, preferably create a subaccount in group 8.1.9.99.00-6 OTHER OPERATING EXPENSES. A1.3 - Determine the value posted during the fiscal year as provision for losses with shares/options. Note: In the case of a FUND OF FUNDS, the information must refer to Fund Shares. A.2 - Result from transactions Fill in with the algebraic sum of the values of A2.1 to A2.2 A2.1 - Determine the value related to profits obtained during the fiscal year, with the sale of shares in the spot and forward markets. Determine the profit obtained on the purchase/sale of options settled before maturity. a) Maintain control that allows identifying daily the profit determined on the sale of shares, preferably create a subaccount in group 7.1.9.99.00-9 - OTHER OPERATING INCOME. b) Maintain control that allows identifying daily the profit determined on the purchase/sale of options, preferably create a subaccount in group 7.1.9.99.00-9 - OTHER OPERATING INCOME. A2.2 - Determine the value related to losses obtained during the fiscal year, with the sale of shares in the spot and forward markets. Determine the loss obtained on the purchase/sale of options settled before maturity. Use the sub-items of account 8.1.5.30.00-1 LOSSES FROM VARIABLE INCOME SECURITIES, for losses with shares in the spot market. Maintain control that allows identifying daily the loss determined on the purchase/sale of options, preferably create a subaccount in group 8.1.9.99.00-6 – OTHER OPERATING EXPENSES.

B - FIXED INCOME and OTHER SECURITIES AND SECURITIES Fill in with the algebraic sum of the values of B1.1 to B1.2 B.1 – Appropriation of income and appreciation/depreciation at fair value. B1.1 - Determine the balance of account 7.1.5.10.00-0 - INCOME FROM FIXED INCOME SECURITIES; B1.2 - Determine the balance of account 8.1.8.30.00-0 - OPERATIONAL PROVISION EXPENSES. B.2 - Result from transactions Fill in with the algebraic sum of the values of B2.1 to B2.2 B2.1 - Determine the balance of account 7.1.5.75.00-7 PROFITS FROM FIXED INCOME SECURITIES. B2.2 - Determine the balance of account 8.1.5.20.00-4 LOSSES FROM FIXED INCOME SECURITIES. C – OTHER INCOME Fill in with the algebraic sum of the values of C1.1 to C1.2 C.1 - Capital gains C1.1 - Determine the realized gains in futures markets Use account 7.1.5.80.00-9 - INCOME FROM DERIVATIVES OPERATIONS. C1.2 - Determine the gains obtained from premiums received for unexercised options; Maintain control that allows identifying daily the profit determined from premiums of unexercised options, preferably create a subaccount in group 7.1.9.99.00-9 - OTHER OPERATING INCOME. C1.3 - Determine the gains earned in swap operations, considering the daily appropriations by the contracted rate and the positive result of the fair value assessment. C.2 - Dividends and interest on equity. Fill in with the algebraic sum of the values of C2.1. C2.1 - Fill in with the value of dividends and interest on equity appropriated during the fiscal year Maintain control that allows identifying daily the value of dividends and interest on equity appropriated during the fiscal year, preferably create a subaccount in group 7.1.5.20.00-7 – INCOME FROM VARIABLE INCOME SECURITIES. C.3 - Other income C3.1 -Fill in with the balance of account 7.0.0.00.00-9 CREDIT RESULT ACCOUNTS, subtracted from the values related to:
A1.1 - unrealized gains during the fiscal year (appreciation of shares/options); A2.1 - profits obtained during the fiscal year, with the purchase/sale of shares/options; B1.1 - income from fixed income securities during the fiscal year; B2.1 - profits obtained during the fiscal year, with the purchase/sale of fixed income securities and other securities and securities, which are not shares nor options; C1 - capital gains;

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares – Centro – Rio de Janeiro - RJ – CEP: 20050-901 – Brasil Tel.: (21) 3554-8686 - www.cvm.gov.br INSTRUÇÃO CVM Nº 577, DE 07 DE JULHO DE 2016 C2 - the value of dividends and interest on equity appropriated during the fiscal year. Note: If the value of other income exceeds 10% of the total result of the fiscal year (line 10), the composition must be disclosed in an explanatory note. D – OTHER EXPENSES D.1 - Administration remuneration Fill in with the balance of account 8.1.7.81.00-1 - FUND MANAGEMENT FEE EXPENSES, which must include fixed management fee, performance fee. D.2 - Services contracted by the Fund Fill in with the sum of expenses with management, consulting, treasury, share distribution, and share registration services contracted by the Fund. D.3 - Audit and custody Fill in with the sum of expenses with external audit and expenses with the custody of the fund's assets and its own shares. Use sub-item of account 8.1.7.63.00-5 - EXPENSES FROM SPECIALIZED TECHNICAL SERVICES, which allows identifying expenses with external audit. Use sub-item of account 8.1.7.54.00-7 - EXPENSES FROM FINANCIAL SYSTEM SERVICES, which allows identifying expenses with custody. D.4 - Publications and correspondence Fill in with the values related to expenses with publications, correspondence, and reports, permitted by the CVM and provided for in the regulations. Maintain control that allows identifying daily the expenses with correspondence to shareholders and issuance of the report, preferably create a subaccount in group 8.1.7.48.00-6 - PUBLICATION EXPENSES. For publications, there is already account 8.1.7.48.00-6 - PUBLICATION EXPENSES. D.5 - Capital losses Fill in with the algebraic sum of the values of D5.1 to D5.2 D5.1 - Determine the realized losses in futures markets; Use account 8.1.5.50.00-5 – EXPENSES FROM DERIVATIVES OPERATIONS. D5.2 - Determine the losses obtained from premiums paid for unexercised options; Maintain control that allows identifying daily the losses with premiums of unexercised options, preferably create a subaccount in group 8.1.9.99.00-6 OTHER OPERATING EXPENSES. D5.3 - Determine the losses incurred in swap operations, considering the daily appropriations by the contracted rate and the negative result of the fair value assessment. D.6 - Inspection fee. Fill in with the value of expenses with CVM inspection fee. Maintain control that allows identifying daily the value of the expense with CVM inspection fee, preferably create a subaccount in group 8.1.7.54.00-7 – EXPENSES FROM FINANCIAL SYSTEM SERVICES. D.7 - Other expenses

Fill in with the balance of account 8.0.0.00.00-6 DEBIT RESULT ACCOUNTS, subtracted from the values related to:
A1.2 - unrealized losses during the fiscal year (depreciation of shares/options); A2.2 - losses obtained during the fiscal year, with the purchase/sale of shares/options; B1.2 - unrealized losses during the fiscal year (depreciation of fixed income securities and other securities and securities, which are not shares nor options); B2.2 - losses obtained during the fiscal year, with the purchase/sale of fixed income securities and other securities and securities, which are not shares nor options; D.1 - administration remuneration; D.2 - Services contracted by the Fund; D.3 - audit and custody; D.4 - publications and correspondence; D.5 - capital losses; and D.6 - inspection fee. Note. If the value of other expenses exceeds 10% of the total result of the fiscal year (line 10), the composition must be disclosed in an explanatory note.

10 - Total result of the fiscal year
Fill in with the result of the sum of (A) + (B) + (C) + (D)

11 - Net equity at the end of the fiscal year
Number of shares - fill in with the number of shares existing at the end of the current fiscal year.
Share value - fill in with the share value at the end of the current fiscal year.
Net Equity - fill in with the balance of account 6.0.0.00.00-2 - NET EQUITY at the end of the current fiscal year, after closing the result accounts.

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares – Centro – Rio de Janeiro - RJ – CEP: 20050-901 – Brasil Tel.: (21) 3554-8686 - www.cvm.gov.br TÍTULO - PLANO CONTÁBIL DOS FUNDOS DE INVESTIMENTO - COFI CAPÍTULO 3 – Documentos

SECTION 5 – Model of Document No. 5
Document No. 5 – Statement of Changes in Share Value and Rentability STATEMENT OF CHANGES IN SHARE VALUE AND RENTABILITY Month/Year:
Fund Name: CNPJ:
Administrator: CNPJ:
Rentability in %
Date¹ Share Value Fund Market Index²
Monthly Accumulated Monthly Accumulated
(¹) Last 12 (twelve) months or period elapsed since its constitution, if less.
(²) Indicate the market index coherent with the Fund's investment policy, if any.
Additional Information a) Date of start of fund operation; b) Average monthly net asset value of the last 12 (twelve) months or since its constitution, if more recent; c) Value of the management fee and performance fee, if any, expressed in the current regulations during the last 12(twelve) months or since its constitution, if more recent; d) Highlight the target audience of the fund and restrictions regarding fundraising, in a way to emphasize eventual impossibility, permanent or temporary, of access to the fund by general investors; e) If the administrator contracts the services of a risk rating company, it must present the most recent degree conferred to the fund, as well as the indication of how to obtain more information about the assessment carried out. Warnings

The rentability obtained in the past does not represent a guarantee of future results.
Investments in funds are not guaranteed by the administrator or by any insurance mechanism, nor by the credit guarantee fund.

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares – Centro – Rio de Janeiro - RJ – CEP: 20050-901 – Brasil Tel.: (21) 3554-8686 - www.cvm.gov.br INSTRUÇÃO CVM Nº 577, DE 07 DE JULHO DE 2016 TÍTULO - PLANO CONTÁBIL DOS FUNDOS DE INVESTIMENTO - COFI CAPÍTULO 4 – Definição de Termos
SECTION 1 – Glossary

1 – Amortized cost: is the value of initial recognition of the financial asset or liability adjusted by accumulated amortization, using the effective interest method, which is calculated by the difference between the initial value at recognition and at maturity and, for financial assets, adjusted by the expected credit loss value.

2 – Transaction costs: incremental costs that are directly attributable to the acquisition, issuance or sale of the financial asset or liability. An incremental cost is a cost that would not have been incurred if the entity had not acquired, issued or sold the financial instrument.

3 - Derivative: a financial instrument or other contract with all three of the following characteristics:
a) its value changes in response to changes in interest rates, specified financial instrument price, commodity price, exchange rate, price indices or rates, rating or credit index, or other variable, provided that the underlying asset is not specific to any of the parties to the contract; b) requires no initial investment or the required initial investment is less than what would be realized in other types of instruments that would have a similar response to changes in market factors; c) is settled at a future date.

4 – Expected cash flow: the weighted average of possible future cash flows.

5 – Active market: market in which transactions for the asset and liability occur with sufficient frequency and volume to provide pricing information on a continuous basis.

6 – Effective interest method: method used in calculating the amortized cost of the financial asset or liability and in allocating and recognizing interest income or expense in the period result. The effective interest rate is the rate that exactly discounts the estimated future cash flows over the expected term of the financial asset or liability to the gross recorded value (before adjustment for any credit loss) of the financial asset or to the amortized cost of the financial liability. For the calculation of the effective interest rate, the entity must estimate the expected cash flows considering all contractual terms of the financial instrument (such as prepayment, extension of term, etc.), but should not consider expected credit losses. The calculation also includes all fees paid or received between the parties to the contract, transaction costs, and premium or discount. There is a presumption that the cash flows and expected term of the financial instrument can be reliably estimated. However, in rare cases when it is not possible to reliably estimate the cash flows or the expected term of the financial instrument, the entity must use the contractual cash flow throughout the contractual term of the financial instrument.

7 – Credit loss: difference between all contractual cash flows due to the entity, according to the contract, and all cash flows that the entity expects to receive (net of losses), discounted by the original effective interest rate.

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares – Centro – Rio de Janeiro - RJ – CEP: 20050-901 – Brasil Tel.: (21) 3554-8686 - www.cvm.gov.br INSTRUÇÃO CVM Nº 577, DE 07 DE JULHO DE 2016 TÍTULO - PLANO CONTÁBIL DOS FUNDOS DE INVESTIMENTO - COFI CAPÍTULO 4 – Definição de Termos
SECTION 1 – Glossary

8 – Expected credit loss: weighted average of credit losses with respect to the risk of default occurring used as weight (weighting).

9 – Transaction price: price paid to acquire an asset or received to assume a liability at initial recognition in a swap transaction.

10 – Value of expected credit loss: contra account that reflects the adjustment in the amortized cost of financial assets by credit loss.

11 – Fair value: price that would be received to sell an asset or paid to transfer a liability in a non-forced transaction between market participants at the measurement date.

12 – Fair Value Level 1: fair value based on quoted prices (unadjusted) in an active market, for identical assets or liabilities, that the entity can access at the measurement date.

13 – Fair Value Level 2: fair value based on observable information directly or indirectly, except quoted price considered in Level 1, for the asset or liability.

14 – Fair Value Level 3: fair value based on unobservable information for the asset or liability

CVM Instruction No. 577 of July 7, 2016

Lineage: In force

Timeline

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