Ocean Valor FIA is a Brazilian equities long only fund that seeks to outperform the IBX-100 (the most diversified Brazilian Stocks Index). It uses a value oriented, bottom-up approach in a long investment horizon, which allows the fund identify substantially mispriced firms relative to their intrinsic values. The fund will concentrate its investment in a few companies with solid fundamentals and high potential returns in the long run, supported by sustainable competitive advantages. Oceana, at its discretion, may adopt active collaboration and participation of invested companies' governance, whenever it deems that it will contribute of the fund's investments. Oceana Valor FIA was launched on October 1st, 2008, and since its inception has been managed by the equities team currently at Oceana. The AUM and return are published in Brazilian Real.