Monte del Barco Real Estate Development Investment Fund

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The Monte del Barco Real Estate Development Investment Fund is aimed at corporate investors, i.e., securities and financial intermediaries, international organizations, investment funds, pension funds, and trust funds operating as investment or pension funds.

It is also intended for sophisticated investors with net assets equal or above $1 million or able to take the risk derived from investing in securities in the case of sophisticated investors.

Fund Features:

Recommended Term:	Between 10 and 15 years.
Minimum Amount:	50 shares
Portfolio Composition	The key objective of the fund is investing in real-estate projects in different stages of design and construction to complete and sell/lease them. Also, it can buy properties to create surplus value and it can invest in public and private sector securities authorized in line with investment fund regulations.
Distribution of returns:	The fund does not distribute periodical returns. Rather, these are accumulated as participation value. All net profits will be fully distributed at liquidation time, except for those cases where the project creates revenue allowing the fund to distribute returns prior to project liquidation. In such cases, a relevant report will provide notice of this fact.

Regulation

This fund is registered with Superintendencia General de Valores (SUGEVAL) and is ruled by the Ley Reguladora del Mercado de Valores and the appropriate prospectus.

Assets Custodian

Banco de Costa Rica

Fund Prospectus

Net Assets and Number of Investors

Net Assets	Number of Investors
48,428,139.23	161

Returns, Participation Value, and Commission

Fund Return

Fund Name	Fund Return
24/09/2018	Last Month	January to Date	Last Year
MONTE DEL BARCO REAL ESTATE DEVELOPMENT INVESTMENT FUND	-12.85%	0.00%	-12.69%

Fund Participation Value

Fund Name	Date	Participation Value
		Accounting Price
MONTE DEL BARCO REAL ESTATE DEVELOPMENT INVESTMENT FUND	24/09/2018	566.517

Administration Comission

Fund Name	Date	Comission
F.I. DE DESARROLLO INMOBILIARIO MONTE DEL BARCO	24/09/2018	0.25%

Fund´s Rating

Rate	Date	Rating Agency
scrB- f4	29/10/2015	SCRiesgo

Grading Report

Portfolio Structure

Report does not exist.

Quarterly Report

Interest Press

Fondo de Inversión de Desarrollo Inmobiliario Monte del Barco (FIDI MDB)
Comunicado de hechos relevantes - Dic 22, 2014
Comunicado de hechos relevantes - Dic 5, 2014

“Prior to investing ask for the investment fund prospectus.”
“The authorization to conduct public offering does not entail a qualification of investment fund share quality or the solvency of either the fund or its managing organization.”
“Past returns do not ensure similar future returns.”
“Financial management and investment risk in this fund are not related to those from bank or financial organizations in their economic group, as their assets are independent.”
“An investment fund is not a bank deposit; thus, it is neither ensured nor guaranteed by the government of Costa Rica, the managing organization, or its financial group.”
“For further information on investment funds, inquiries can be made at any office of the managing organization or with the Superintendencia General de Valores.”

Aldesa, Investment Banking Advisory and Securities Brokerage