Frequently Asked Questions

Index management is an investment approach that seeks to replicate the behavior of global markets through diversified, low-cost instruments such as ETFs. Instead of trying to predict which assets will outperform the market, index management invests in the market as a whole, capturing its growth over time in an efficient and disciplined manner.

Academic and empirical evidence demonstrates that, in the long run, most active managers fail to consistently outperform the market after costs. Indexed management eliminates the need to predict short-term movements, reduces costs, increases diversification, and improves the predictability of results.

We believe that investing should be a disciplined process, not constant forecasting.

It's about participating in the growth of the global economy in a structured way. Indexed management is not passivity – it requires rigorous definition of strategic allocation, risk control, and disciplined portfolio maintenance. The focus is on controlling what is controllable – costs, diversification, and behavior – and not on trying to anticipate the unpredictable.

Crises are part of the natural cycle of markets. Our approach does not change based on short-term noise.

We define the appropriate allocation for the client's profile in advance and maintain this strategy with discipline. In times of greater volatility, portfolio rebalancing is used to keep risk aligned with the defined objectives.

No. We don't try to predict the best time to enter or exit the market. Market timing is extremely difficult to execute consistently and tends to harm long-term results. Our approach is based on discipline, consistency, and an appropriate time horizon.

Selection is based on objective and rigorous criteria, including:

• Total cost of ownership (TER)

• Liquidity

• Quality of the replica

• Fund size

• Issuer robustness

The goal is to ensure efficiency, transparency, and reliability in the implementation of the defined strategy.

No. The basic structure follows the principles of indexed management, but the strategic allocation is customized according to DC Gestão Indexada's model portfolios, and the objectives, time horizon, risk tolerance, and financial situation of each client.

Strategic allocation is defined based on:

• Financial objectives

• Time horizon

• Risk capacity and tolerance

• Liquidity needs

This decision is the main determinant of long-term return and risk. Once defined, it is maintained with discipline through periodic rebalancing.

Uma carteira eficiente é aquela que maximiza a probabilidade de atingir os objetivos do cliente para um determinado nível de risco.

Isto implica:

• Diversificação global

• Custos reduzidos

• Controlo de risco

• Estrutura simples e transparente

• Processo disciplinado de manutenção

Costs are one of the few factors entirely controllable by the investor. Small annual cost differences accumulate significantly over time, directly impacting net return. Reducing costs increases the likelihood of long-term success without increasing risk. Discover how you can further reduce your costs through DC Gestão Indexada's Smart Rewards.

ETFs are the primary instrument used due to their efficiency, transparency, and low cost. However, the choice of instruments depends on the defined strategy and the best way to implement the intended allocation.

No, DC Gestão Indexada only builds portfolios based on the indexed management model.

Risk is defined before return. We assess the client's financial capacity and emotional risk tolerance and build the portfolio based on these parameters.

We use global diversification, different asset classes, and periodic rebalancing to keep risk aligned with the defined strategy.

We do not base decisions on short-term forecasts about market valuations. Tactical adjustments based on opinions about valuation tend to introduce noise and error.

Our approach prioritizes consistency and a long-term horizon, maintaining discipline regardless of the current context.

The minimum investment to build an investment portfolio is €25,000.

The process begins with completing the DC profile questionnaire, which allows the client to be presented with an investment proposal based on their profile. If the client accepts the proposal, their personal information is collected for contractual processes, and a portfolio management service contract is sent. Once signed, the client must follow the steps provided by DC Gestão Indexada to open a securities account with Interactive Brokers Ireland in their name. If at any point the client feels the need to schedule a meeting to discuss the proposal or any other topic, DC Gestão Indexada will make a time available for this purpose.

The account opening process varies for each client. But typically, from signing the portfolio management service contract, the process should take between a few days and a week.

The capital always remains in an account held in the client's name at Interactive Brokers Ireland. DC Gestão Indexada does not own or hold client assets. DC Gestão Indexada is not authorized to make withdrawals or deposits of capital from the client's account.

In DC Gestão Indexada's investment portfolios, assets are held in a securities account with Interactive Brokers Ireland.

What this means in practice:

• DC Gestão Indexada does not own the assets – it manages the portfolio.

• The client opens an account in their name with Interactive Brokers (Ireland).

This entity acts as:

• custodian of the assets

• executor of orders

• custody and reporting platform

Interactive Brokers Ireland.

Try.

We monitor portfolios continuously and proactively. We hold quarterly meetings with clients to assess progress, alignment with objectives, and the need for strategic adjustments.

Rebalancing doesn't follow a rigid schedule. It's done periodically (semi-annually, quarterly, or annually) or whenever the portfolio deviates from the defined allocation. The goal is to keep the portfolio aligned with the client's risk profile and objectives in a disciplined manner.

Yes. The client has direct access to the Interactive Brokers platform, both on their computer and via the app, where they can track their portfolio, transactions, and appreciation in real time.

Yes. Reinforcements are possible and can be efficiently integrated into the portfolio, respecting the defined strategic allocation. Discover how you can reduce your portfolio costs with Smart Rewards from DC Gestão Indexada.

Yes. The capital belongs to the client and can be redeemed at any time, subject to normal market settlement periods.

There are no penalties imposed by DC Gestão Indexada regarding redemptions.

Yes. We accept the transfer of securities; however, the "current portfolios" will not be maintained. DC Gestão Indexada strictly follows its indexed investment management model according to the strategy defined with the client.

We work with different risk profiles – based on the DC Gestão Indexada profile questionnaire, we allocate a profile from 1-5 and assign a personalized portfolio according to that investor profile.

Yes. We provide portfolio management services to individual clients, couples, and companies.

Yes. Although the philosophy is consistent, the strategic allocation is customized based on the client's objectives, time horizon, risk profile, and financial circumstances.

Our approach focuses on traditional global markets – broadly diversified equities and bonds. The inclusion of crypto assets can be part of a long-term Smart Wealth portfolio strategy.

The use of derivatives is not part of the standard strategy of our investment portfolios. Our approach prioritizes simplicity, transparency, and risk control.

Performance is measured through two main dimensions: profitability and risk.

Profitability corresponds to the return generated by the portfolio over time, including both asset appreciation and distributed income (dividends or interest).

Risk reflects the variability of these returns – that is, the degree of uncertainty and the possibility of losses along the way.

In practice, we evaluate not only "how much" the portfolio yields, but also how that result was achieved, ensuring that the risk level is aligned with the client's profile. Through a diversified portfolio and an indexed approach, we seek to maximize the probability of achieving the defined objectives, keeping risk controlled and appropriate to the investment horizon.

Performance depends on strategic allocation and the chosen risk profile. Since we follow an indexed approach, the results reflect the behavior of global markets corresponding to the defined exposure, less associated costs. For more details, we invite you to visit our dedicated page on DC Gestão Indexada's model portfolios.

More important than one-off results is the consistency of the strategy and alignment with long-term objectives.

It is an instrument that assesses your risk tolerance, financial capacity to handle volatility, and investment objectives. It is the first step for the investor. Once the profile questionnaire is completed, DC Gestão Indexada can present a personalized proposal based on the results.

The questionnaire is essential to ensure the investment is tailored to each client's profile.

Before investing, we gather information about your financial situation, experience, objectives, and risk tolerance. Based on this data, we define an investment profile that serves as the basis for building and managing the portfolio.

This process is not only a best practice – it is also a regulatory requirement. It ensures that investment decisions are made in your best interest and aligned with your time horizon and risk tolerance.

Over time, whenever there are significant changes in your situation or objectives, the profile can be updated so that the portfolio remains appropriate and consistent with your goals.

Yes. As an entity regulated by the CMVM (Portuguese Securities Market Commission), we are required to assess suitability before submitting a formal portfolio management proposal.

Questions about:

• Financial situation

• Time horizon

• Objectives

• Investment experience

• Reaction to losses and volatility

A preliminary risk profile is assigned, which serves as the basis for the investment portfolio management service proposal.

Yes, over time, whenever there are relevant changes in your situation or goals, your profile can be updated so that your portfolio remains appropriate and consistent with your objectives.

The questionnaire is the formal and essential basis for allocating a risk profile. Should the client wish to discuss the presented proposal with additional information or have questions about their risk profile, the DC Gestão Indexada team is available to assist.

We analyzed the situation in detail. The goal is not to limit, but to maintain consistency between financial capacity, objectives, and emotional risk tolerance. Should the client wish to discuss the presented proposal with additional information or have questions about their risk profile, the DC Gestão Indexada team is available to do so.

Yes. Changes in personal, professional, or financial life may justify a review.

We recommend reviewing the schedule whenever there is a significant change, or at least during periodic follow-up meetings.

Continuous monitoring allows for adjustments if necessary.

We are available to reassess and discuss the presented proposal with each client to align objectives and expectations.

Because higher expected returns imply greater risk and a higher probability of significant temporary losses. It is necessary to consider the investor's complete profile in order to recommend the most suitable portfolio given the circumstances.

Even with a long-term horizon, it is necessary to maintain the emotional and financial capacity to withstand the possibility of periods of greater volatility or even deep crises without abandoning the strategy.

They represent different strategic allocations between defensive assets and equities.

The main difference is the percentage invested in stocks versus bonds.

This represents the approximate exposure to stocks.

Example: DC:80 ≈ 80% stocks, 20% bonds.

• DC0 – 0% shares

• DC40 – ~40% shares

• DC60 – ~60% shares

• DC80 – ~80% shares

• DC100 – ~100% shares

No. Global diversification is transversal to all profiles. What varies is the relative weight of each asset class.

Yes. They all follow the same indexed management philosophy.

Yes. Extreme global diversification is a fundamental principle.

Yes. The costs for long-term Smart wallets, regardless of whether they are DC:0, DC:40, DC:60, DC:80, or DC:100, are the same.

Because simplicity breeds discipline. The chosen allocations cover the needs of most investors without introducing unnecessary complexity.

It is the most volatile portfolio and is only suitable for investors with a higher risk tolerance and an investment horizon of over 5 years.

No. All portfolios are subject to market risk.

More conservative profiles may be more appropriate. DC offers short-term portfolios for investors seeking a more efficient alternative to term deposits and savings certificates.

The recommended investment horizon varies depending on the portfolio:

DC0 — over 3 years

DC40 — over 4 years

DC60 — over 4 years

DC80 — over 5 years

DC100 — over 5 years

DC medium-term portfolios: typically have an investment horizon between 1 and 3 years, subject to alignment between DC and the client’s objectives.

DC short-term portfolios: have an investment horizon of less than 1 year, without prejudice to the possibility of the client redeeming the portfolio before that horizon is reached.

Yes, DC Gestão Indexada offers a complete solution with 360 Planning, where it analyzes in detail, based on a more extensive form, the client's different objectives and segregates them into customized portfolios for each time horizon.

Age influences the time horizon, but it does not, in isolation, determine the profile.

Not only that. It also depends on your time horizon, objectives, investment experience, reaction to losses, and volatility.

There is nothing wrong with holding savings certificates. However, DC’s solution, a short-term portfolio, offers a more efficient alternative, maintaining a similar level of risk while providing greater diversification and intraday liquidity.

Yes, after a profile reassessment.

There may simply be operational costs associated with transactions.

We reassess the profile and adjust the portfolio if necessary.

Yes, after formal validation of the change.

We may recommend a review if we identify a misalignment between behavior and strategy.

You will receive a detailed proposal with the assigned profile and recommended allocation.

No. It is informative until there is formal acceptance.

Yes. We encourage discussion to ensure complete understanding.

• Risk profile

• Strategic allocation

• Portfolio structure

• Cost framework

It may include illustrative scenarios based on historical data from DC Gestão Indexada's model portfolios.

Yes. Cost transparency is a fundamental principle.

No. There is no obligation whatsoever.

The process begins with completing DC’s risk profile questionnaire, which allows a tailored investment proposal to be presented based on the client’s profile. If the client accepts the proposal, their personal information is collected for contractual purposes, and a portfolio management agreement is then sent.

After signing the agreement, the client follows DC’s guidance to open a securities account in their name with Interactive Brokers Ireland.

At any point, if the client wishes to schedule a meeting to discuss the proposal or any other matter, DC will make time available to do so.

Within the portfolio management service, DC Gestão Indexada offers different solutions tailored to the time horizon and investment amount.

For long-term strategies, the DC Smart – Long Term solution is available from a minimum investment of €10,000, with an annual fee of 0.81%, calculated on the average value of assets under management. For investors with greater wealth capacity, the DC Smart Wealth – Long Term solution has a minimum investment of €1,000,000, maintaining an annual fee of 0.81%¹.

In the case of medium-term strategies, the DC Smart – Medium Term solution requires a minimum investment of €10,000, with an annual fee of 0.20%, while the DC Smart Wealth – Medium Term solution, available from €1,000,000, also has a fee of 0.20%¹.

Finally, for short-term strategies, the DC Smart – Short Term solution is available from €10,000, with an annual commission of 0.12%, while the DC Smart Wealth – Short Term solution, for investments from €1,000,000, maintains the same commission of 0.12%¹.

All commissions are calculated based on the average value of assets under management.

¹ For investment amounts equal to or greater than €2,000,000, a progressive commercial discount of 0.025% is applied to the indicated annual commission for each additional €1,000,000, up to a maximum discount of 0.2%, applicable to amounts equal to or greater than €9,000,000.

² VAT at the current legal rate, currently 23%, is added.

Fees are calculated based on the daily value of assets under management and are charged monthly by direct debit from the account associated with the portfolio. The applicable rate is clearly defined in the agreed fee schedule.

In addition to DC’s management fee, there are transaction costs charged directly by Interactive Brokers Ireland, where the client’s securities account is held and where market transactions are executed. These costs are structurally low, reflecting DC’s disciplined execution approach, including infrequent rebalancing, the use of natural cash flows, and the minimization of transaction volume.

Clients are informed in advance of all costs associated with their portfolio. There are no hidden fees.

No. Transparency is a fundamental principle of DC Gestão Indexada. All costs are explicitly stated in the proposal and detailed before any decision is made.

No. DC Gestão Indexada does not receive rebates, commissions, or incentives from banks, insurance companies, or issuers of financial products. DC Gestão Indexada always maintains an independent stance and is 100% aligned with the client's interests.

The management fee covers the full portfolio management service. Managing an indexed portfolio does not mean the absence of management, it means disciplined, continuous management with a long-term focus.

Portfolio construction and management:

Definition of the strategic asset allocation based on the client’s profile and objectives

Portfolio implementation through liquid and diversified ETFs

Ongoing portfolio monitoring and risk control

Regular systematic rebalancing and, whenever market conditions, risk management considerations, or the investment profile justify it, strategic rebalancing aimed at optimizing the portfolio’s expected future value

Client relationship and support:

Regular follow-up meetings, including quarterly reviews

Access to periodic portfolio performance reports

Full transparency regarding portfolio composition, costs, and evolution

Support in financial planning aligned with the client’s investment goals

Ongoing suitability:

Review of the risk profile whenever relevant, supported by a robust financial planning process that aligns the initial profile with the client’s objectives and time horizon, minimizing the need for changes over time

The client pays only the agreed management fee and the transaction costs charged by Interactive Brokers Ireland, both fully disclosed in advance. There are no hidden costs.

DC Gestão Indexada does not charge exit penalties. Normal operational costs may apply when liquidating or transferring assets.

There is no mandatory contractual period of stay.

Costs are one of the few factors fully controllable by the investor. Small annual differences compound significantly over time, directly impacting net returns. Reducing costs increases the probability of long-term success without increasing risk. This principle underpins DC’s fee structure, further reinforced by the DC Rewards program.

No. It is not possible to guarantee returns in financial markets.

Performance should be assessed across two dimensions: return and risk.

Return reflects the outcome achieved by the portfolio over time, including both asset appreciation and income generated, such as dividends or interest. However, looking at return alone can be insufficient.

It is equally important to consider risk, meaning the volatility and the potential for losses along the way. In investing, higher returns are typically associated with higher levels of risk.

Therefore, proper evaluation is not about comparing short-term results, but about understanding whether the portfolio is evolving consistently with the defined risk profile, investment horizon, and objectives.

It depends on which investment portfolio you have. DC Gestão Indexada recommends, using quantitative probability methods, that portfolios be held for at least the following periods:

Long-term Smart Portfolios: DC:0 - recommended time horizon greater than 3 years DC:40 - recommended time horizon greater than 4 years DC:60 - recommended time horizon greater than 4 years DC:80 - recommended time horizon greater than 5 years DC:100 – recommended time horizon greater than 5 years

Medium-term Smart Portfolios: By aligning DC Gestão Indexada with the client's objectives, typically a time horizon between 1 and 3 years;

Short-term Smart Portfolios: Time horizon less than 1 year;

This does not preclude the client from having to sell the portfolio before fulfilling the time horizon.

Volatility is expected and incorporated into the profile definition. Continuous monitoring helps maintain discipline.

Decisions based on timing are difficult to execute consistently. Investing should be aligned with goals and time horizon, not short-term forecasts.

Whenever there is a significant change in your financial situation, goals, or risk tolerance.

We are available to hold quarterly meetings to:

• Review performance

• Confirm alignment with objectives

• Assess the need for adjustments

• Reinforce strategic discipline

It is a structured Retirement Savings Plan designed to offer an efficient investment solution for long-term goals, including retirement.

DC Gestão Indexada acts as an investment advisor for PPRs, applying its indexed management philosophy in defining the strategy.

PPRs (Personal Retirement Plans) offer tax benefits in two stages: upon entry (subscription) and upon exit (redemption).

1. Entry Benefit (Income Tax)

You can deduct 20% of the invested amount from your Income Tax, up to the following limits:

• Up to 35 years: €400 (investment of €2,000/year)

• Between 35 and 50 years: €350 (investment of €1,750/year)

• From 50 years onwards: €300 (investment of €1,500/year)

2. Exit Benefit (Redemption)

If you simultaneously meet the following legal conditions, capital gains are taxed at a reduced rate of 8% (instead of the usual 28%).

These conditions include:

• PPR (Personal Retirement Plan) with at least 5 years of history

• Age 60 or older

• Old-age pension

• Use of the funds to pay mortgage installments (except for early repayment)

Overall, these benefits make the PPR a tax-efficient solution, especially for long-term goals.

Yes. A PPR (Personal Retirement Plan) is an instrument designed for long-term goals, such as retirement.

On a scale of 1 to 7, the SGF Doutor Finanças PPR is rated 5, meaning it is among the funds with high potential returns. The PPR does not have guaranteed capital, meaning losses are possible. Therefore, the fund is intended for investors focused on strong capital growth and with a high tolerance for market fluctuations.

Risk class 5 calculated taking into account the volatility of the last 5 years with reference to the date of 31.08.2025, using as a reference parameter, for the period prior to the fund's launch, the profitability of the respective benchmark, in accordance with point b) of paragraph 2 of article 6 of Regulatory Standard No. 11/2024-R, of the ASF.

Yes, it is possible to transfer existing PPRs, in accordance with applicable legal rules.

Tax penalties may apply if the redemption is made outside the conditions stipulated by law.

Contact DC Gestão Indexada via the following email to begin the registration process: info@dolatcap.com

DC 360 from DC Gestão Indexada is a wealth management service that allows you to structure your assets in a clear, integrated way, aligned with your goals.

Instead of looking at investments in isolation, we analyze your situation as a whole and distribute your assets across different time horizons (short, medium, and long term), so that each part fulfills a specific function – liquidity, stability, or growth.

This process is based on a detailed assessment of your profile, including your financial situation, objectives, time horizon, and risk tolerance, ensuring that all decisions are appropriate and consistent with your reality.

The result is a comprehensive, disciplined, and coordinated strategy that integrates investment, risk, and liquidity, increasing the likelihood of achieving your goals over time.

The basic service focuses on building an efficient, long-term portfolio aligned with the investor's risk profile.

The 360 Planning goes further, organizing all financial assets by short, medium, and long term, giving the possibility to create up to 3 investment portfolios with a complete strategic architecture.

After structuring a long-term portfolio, the next step is to align all assets with concrete objectives and defined timeframes, reducing conflicts between liquidity, security, and growth according to the different objectives and time periods.

No. It's an additional service, not mandatory.

No. Integrate it within a broader and more comprehensive vision, aligning the long-term portfolio with the others.

It depends not only on the amount, but also on the complexity of the assets and the existence of multiple financial objectives.

When there are different time-bound objectives, a need to manage liquidity, or a desire to structure asset growth with greater strategic rigor.

Because different objectives require different levels of risk and liquidity.

This portion is intended for liquidity and stability, and can function as an emergency fund. It has a significantly low risk level.

It can complement or partially replace, depending on the strategy.

Reduced, with a focus on preserving capital and liquidity.

It is intended for objectives with an intermediate horizon, balancing growth and volatility control. It is intended for a time horizon between 1 and 3 years.

Buying property, business projects, education, major purchases, among others.

It has less exposure to stocks and lower expected volatility.

This component is geared towards structural asset growth, typically aligned with the DC Indexed Management portfolio model.

Yes, if it makes sense according to the strategic analysis performed, it can make perfect sense. It depends on the investor's objectives, time horizons, and risk tolerance.

Yes, maintaining the same basic philosophy.

Yes. Global diversification is cross-cutting.

Through an integrated vision, ensuring coherence between liquidity, stability, and growth.

Yes. As a general rule, the emergency fund is defined and invested in a short-term portfolio.

Typically, DC Gestão Indexada recommends between 6 and 12 months of expenses, depending on income stability. The investor's first exercise should be to define their monthly expenses.

There's nothing wrong with holding savings certificates. However, DC Gestão Indexada's solution for a Smart portfolio with a long-term cost is a more efficient solution, maintaining a similar level of risk, extreme diversification, and availability of intraday liquidity.

You can adjust the framing, but it maintains the basic philosophy.

Yes, if the analysis reveals misalignment and adjustments are necessary.

Separating time horizons and adjusting risk to each objective. Maintaining consistency in aligning with the client's risk profile.

The cost depends on the portfolio proposal presented. The cost is determined and applied to the total assets under management of each portfolio:

For long-term strategies, the DC Smart – Long Term solution is available from a minimum investment of 10,000€, with an annual commission of 0.81%, calculated on the average value of assets under management. For investors with greater asset capacity, the DC Smart Wealth – Long Term solution has a minimum investment of 1,000,000€ maintaining an annual commission of 0.81%¹.

In the case of medium-term strategies, the DC Smart – Medium Term solution requires a minimum investment of 10,000€, with an annual commission of 0.20%, while the DC Smart Wealth – Medium Term solution, available from 1,000,000€, also has a commission of 0.20%¹.

Finally, for short-term strategies, the DC Smart – Short Term solution is available from 10,000€, with an annual commission of 0.12%, while the DC Smart Wealth – Short Term solution, for investments starting from 1,000,000€, maintains the same commission of 0.12%¹.

All fees are calculated based on the average value of assets under management.

¹ For investment amounts equal to or greater than 2,000,000€, a progressive commercial discount of 0.025% is applied to the indicated annual commission for each additional 1,000,000€, up to a maximum discount of 0.2%, applicable to amounts equal to or greater than 9,000,000€.

² VAT at the current legal rate, currently 23%, is added.

The cost is reduced for long-term portfolios starting at €1,000,000 (one million euros). However, investors can further reduce their costs with DC Gestão Indexada's Smart Rewards program.

Normal costs associated with each implemented portfolio apply.

No.

Yes, it can make perfect sense for an investor to use DC 360, to better structure their assets across different timeframes, with different objectives, and to have a clearer foundation.

No – in reality, it simplifies management and reduces risk.

The separation into three portfolios (short, medium, and long term) results from the fact that different objectives have different time horizons and appropriate risk levels. Mixing everything into a single portfolio can lead to less efficient decisions – for example, taking on too much risk for capital that may be needed in the short term.

By structuring assets in this way:

• short term takes into account liquidity and stability for immediate needs;

• medium term allows for some growth with controlled risk;

• long term maximizes the potential for appreciation, suitable for longer horizons.

This approach allows aligning each part of the assets with a concrete objective, making the strategy clearer, more disciplined, and tailored to the client's profile – not more complex.

It reduces the risk of misalignment between objectives and strategy for each portfolio.

Because each objective has a strategy suited to its timeframe and associated risk.

DC Rewards is a loyalty programme by Dolat Capital that rewards clients through cashback applied monthly as a reduction in portfolio management fees. The programme comprises four campaigns: Refer a Friend, Automatic Periodic Top-ups (RPA), One-off Top-ups, and Account Anniversary. All campaigns run between 1 April and 31 December 2026.

Both the Existing Client and the New Client each receive a base cashback of €75 upon contracting a long-term portfolio. If the New Client additionally opens a short or medium-term portfolio with at least €10,000, both receive an additional bonus of €25. The Existing Client also benefits from referral bonuses: an extra €25 on the 2nd and 3rd converted referral, and an extra €50 from the 4th referral onwards.

Yes. You can refer multiple friends and accumulate referral bonuses. However, the Existing Client can only benefit from one base cashback per calendar month.

The portfolio management service must be contracted within a maximum of 25 business days after the referral email is sent. The New Client has 10 business days to return the contracting form with the requested documentation.

No. The New Client must be a prospective client with no active portfolio management contract with DC. Existing clients are not eligible as a New Client in this campaign.

An RPA is an automatic top-up programme for the portfolio, divided into equal-value tranches implemented at regular intervals — weekly or monthly. The total programme amount must be equal to or greater than €5,000 to be eligible for the DC Rewards RPA cashback.

€50 for the implementation of an RPA programme with a total amount equal to or greater than €5,000. Each client can only benefit from one DC Reward RPA during the total duration of the programme.

The client sends an email to rewards@dcindexar.pt with the subject "DC Rewards Campaign – RPA", indicating the desired frequency, monthly or weekly, and the total program amount. Within 5 business days, DC presents an Investment Thesis. After signing and implementation, the cashback is applied monthly.

The amount depends on the contribution value, €15 for contributions between €2,500 and €9,999, €40 between €10,000 and €24,999, €75 between €25,000 and €49,999, and €150 for contributions equal to or above €50,000.

Yes. There is an annual frequency bonus, €15 extra on the 2nd eligible contribution, €20 on the 3rd, and €25 from the 4th contribution onwards within the same calendar year. The maximum number of base cashbacks is 4 per year, but the frequency bonus is not subject to this limit.

The cashback is activated 90 days after the contribution settlement date. If the client redeems an amount equal to or greater than the contribution before that period, the cashback will not be granted.

No. The DC Rewards One-off Contributions campaign applies exclusively to contributions in long-term portfolios. Contributions to short or medium-term portfolios are excluded.

On the anniversary date of the account opening with Interactive Brokers (Ireland Limited), the client automatically receives a €10 cashback. DC contacts the client within a maximum of 10 business days after the anniversary to confirm the reward by email.

No. The campaign is automatically activated by DC. No action is required from the client.

The account opening date on the Interactive Brokers (Ireland Limited) platform. The client must have completed at least one year since that date to be eligible for the anniversary cashback.

Sign-up is done by email. Each campaign has a dedicated QR code that automatically opens a pre-formatted email — simply press send. Within 5 business days, DC confirms eligibility and communicates the applicable conditions by email sent from rewards@dcindexar.pt.

The cashback is not paid directly in cash. It is applied monthly as a reduction in portfolio management fees, until the total reward amount is reached.

The campaigns have specific accumulation rules. In particular, top-ups included in an active RPA programme are not eligible for the One-off Top-ups campaign — only the DC Rewards RPA scheme applies, with no accumulation between the two campaigns.

Cashback is applied as a reduction in portfolio management fees and is credited monthly until the total reward amount is reached.

No. Cashback is applied progressively through monthly reductions in management fees.