By the 10th business day of the following month
Monthly
What it is
The Diversified Composition of Investments (CDA, from the Portuguese "Composição Diversificada de Aplicações") is the report detailing every asset in the fund's portfolio on the last day of the month. It covers position, valuation, asset class, maturity, index reference and counterparties. It is the basis for the CVM's monitoring of portfolio compliance, concentration and risk.
Who must comply
Fiduciary administrators of regulated funds (FIF, FIDC, FII, FIP, FIAGRO) with quotaholders in Brazil.
Penalties for non-compliance
Daily fine for late filing, a warning from the CVM and, for repeat offenses, suspension of the administrator's registration.
Official source
Resolução CVM 175How Arkar automates it
Arkar Fund System generates the CDA automatically from the fund's daily position. Portfolio-compliance validation runs before submission, with a complete audit trail.
View in Arkar Fund System