Portfolio 4 · Company treasury · fixed income
The second company's book, mostly fixed income: what moves it is the rate.
The written investment policy takes effect on 1 October 2026. Every figure on this page is from before it: the portfolios' history, shown so that nothing is left out, and not yet a record kept under the policy.
The company's own policy
Its targets and limits are the company's own and are not published here; this site describes what the account did.
| Close | Unit value | Aug 2026 | 2026 to the close | 12 months | Since start | CDI, same period | % of CDI | Share of the whole | Valuations |
|---|---|---|---|---|---|---|---|---|---|
| 31 August 2026 | 103.47 | +1.12% | +3.47% | — | +3.47% | +3.47% | 100.20% | 17.80% | 6 |
At the 31 August 2026 close, the last month-end the CDI series read here reaches; the unit value is 100 at the first complete valuation, 31 May 2026. Since the close: the valuation of 12 September 2026, 21 September 2026, +4.19% since the start, in the month table below. The share of the whole and the count of valuations are at 21 September 2026.
Performance
A preset or a calendar year: the chart and the figures under it follow. The figures run to the last month-end close, against the CDI compounded over exactly the same sub-periods; the curve runs on to the latest valuation.
The curve runs to the latest valuation, 21 September 2026; the figures beside it run to the 31 August 2026 close, the last month-end the CDI series read here reaches.
Month by month
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | CDI | % of CDI | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026to date | 1.12% | 1.20% | 1.12%° | 0.69%° | +4.19%° | +3.47%¹ | 100.20%¹ |
° Day-weighted: the month held a deposit or withdrawal of at least a tenth of its sub-period's opening value that no valuation met within a day, so every deposit and withdrawal of that sub-period counts from the day it arrived (Modified Dietz), an approximation still; restated on 22 September 2026: Aug 2026 +6.03% to +1.12%; Sep 2026 +0.74% to +0.69%; 2026 +9.30% to +4.19%.
Italic: the month still open, to the latest valuation, 21 September 2026.
¹ 2026's CDI and share of it run to the 31 August 2026 close, over the year's return to that close (+3.47%); the Year column runs to the latest valuation.
Policy · in force from 1 October 2026
The policy in words, as decided on 14 September 2026: nothing here is a live check of the book against it.
Risk
Over the whole record, at month-end closes. Volatility is the standard deviation of the monthly returns, annualised; Sharpe and Sortino take the CDI as the risk-free rate. Volatility, Sharpe and Sortino need 12 monthly observations; the drawdown, 2 sub-periods, read at every valuation point. Every figure is an estimate from a short record.
Assets
The asset mix at the latest valuation, 21 September 2026, as weights of the portfolio's own value, and its largest holdings.
Rho's asset mix returns with the next close. Its September statement carries the overnight cash sweep under a name the classification does not yet recognise, so the sweep reads as Brazilian equities; a weight is not published until it is right.
Files
Month-by-month returnsCSV · ratios to six places