3 Comma Capital
3CC Portugal Golden Income Fund is an open-ended alternative investment fund regulated by CMVM (ID: 2108) and managed by 3 Comma Capital with a minimum commitment of €100,000. It charges a 1.5% management fee and a 20% performance fee with a 5% hurdle, is open for subscriptions and reports accepting US persons.
Based on monthly performance history through 2025-12.
| Min Investment | €100,000 |
|---|---|
| Redemptions | Daily |
| Open to US | Yes (fund-reported) |
| Lock-up | Not disclosed |
| Fund Size (AUM) | €100.4Mas of Oct 2026 |
| Management Fee | 1.5% |
|---|---|
| Performance Fee | 20% |
| NAV Frequency | Daily |
|---|---|
| Established | 2024 |
| CMVM ID | 2108 |
| Notice Period | 5 days |
| Regulated By | CMVM |
Figures are reported by the fund manager. Verified by Movingto.
Capital at risk. Past performance isn't indicative of future returns. Figures are shown in euro (EUR); fees reduce returns, and for investors funding from another currency amounts may rise or fall with exchange rates. This is not investment advice.
How these fees compare across all tracked funds: Golden Visa Fund Fee Index
About €65,000 in reported fund fees over 6 years on €500,000
Fees are fund-reported and simplified: actual fee bases, hurdles and timing vary by fund. This is an illustration, not a quote or a forecast. It leaves out legal, application, tax, FX and bank costs. Capital is at risk.
We'll email you the fees and terms listed for 3CC Portugal Golden Income Fund, the 6-year cost table for your amount, plus the questions to ask the manager before you invest.
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Golden Visa note: The fund is marked as Golden Visa intended and has passed Movingto verification. Eligibility still depends on the applicant file and current legal review.
Cumulative returns compounded from monthly performance data.
Amounts are shown in EUR; for investors in another currency, returns may be affected by exchange-rate movements.
Disclaimer: Past performance does not predict future returns and is not a reliable indicator of future results. All investments carry risk of loss; capital is at risk.
Risk indicator (SRI): 3 of 7
| Volatility (annualised) | 7.34% |
|---|---|
| Max drawdown | -5.39% |
| Positive months | 60% |
| Annualised return | +5.94% |
| Cumulative return | +7.48% |
From 3CC Portugal Golden Income Fund KID (Class AS), 13 Oct 2025: SRI.
Calculated from monthly returns, Oct 2024 to Dec 2025: volatility, max drawdown, positive months, annualised return and cumulative return.
Past performance does not predict future returns.
The 3CC Portugal Golden Income Fund is an open-ended, CMVM-regulated alternative investment fund managed by 3 Comma Capital. It blends stable income from Portuguese corporate bonds with growth exposure to U.S. and global equities, digital assets and gold, while meeting all eligibility requirements for the Portuguese Golden Visa.
The 3CC Portugal Golden Income Fund is a regulated, open-ended alternative investment fund managed by 3 Comma Capital SCR, S.A., headquartered in Lisbon. Built as an “all-weather” multi-asset strategy, the fund invests predominantly in Portuguese corporate debt, typically 65–70 percent of the portfolio, to deliver stability and to comply fully with the non-real-estate requirements of the Portugal Golden Visa. The remaining allocation is diversified across U.S. and world equities, gold, and a carefully controlled basket of digital assets such as Bitcoin, Ethereum and Solana. This structure aims to generate steady income with selective long-term growth, supported by daily NAV calculations, daily subscription/redemption windows, and a clear, five-year-aligned redemption fee schedule. The fund is accessible to both retail and international investors, with pathways for U.S. investors through SDIRA structures. It offers transparent reporting, daily pricing, and a diversified, liquid alternative to traditional private equity funds commonly used in Golden Visa applications.
We source from CMVM-regulated managers where applicable. Verify each fund's registration and GV suitability with counsel.
| CMVM Registration | 2108 |
|---|---|
| ISIN | PT3CMEHM0002 |
Provided by the fund manager. Review the fund's official documents before subscribing; Movingto has not independently verified their contents.
| Minimum Investment | €100,000 |
|---|---|
| Fund Structure | Other |
| Lock-up Period | Not disclosed |
| Domicile | Lisbon, Portugal |
| Custodian | Bison Bank, S.A. |
| Auditor | PKF |
| ISIN | PT3CMEHM0002 |
| Typical Ticket | €500,000 |
| Risk Band | Balanced |
| Fund Status | Open |
| Inception Date | 2024 |
Figures are reported by the fund manager. Verified by Movingto. Terms may vary by investor class.
5% preferred return hurdle
20% of returns above a 5% a year hurdle, charged annually on 31 December. It is charged only when the compound annual return since the fee was last charged exceeds 5%; if no fee has been charged for more than five years, the calculation resets.
We'll email you if the status or fees listed for 3CC Portugal Golden Income Fund change, including if it closes to new investors.
| Redemption Status | Open |
|---|---|
| Frequency | Daily |
| Notice Period | 5 business days |
| Early Redemption Fee | 2.5% |
| Dealing cut-off | 11:00 Lisbon/London time |
| Subscription settles | Units issued the business day after the order is executed, once payment is received |
| Redemption paid | 5 business days after the request |
Additional Terms
Open-ended
Redemption terms may vary by investor class. Verify details with the fund manager.
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10 team members
Team members are employed by the fund manager, not Movingto. Profiles listed for directory comparison.
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Disclaimer: Your enquiry goes to Movingto. Movingto does not provide investment advice or introduce visitors directly to fund managers from this site. Capital is at risk. Target returns are fund-stated objectives, not forecasts or guarantees. Confirm all details against the fund prospectus/KID and qualified advisers.
You invest in units or shares of the fund, not directly in its underlying assets. Investment in funds involves risks, including the possible loss of principal. Where a fund is described as sustainable, ESG, or impact-oriented, those characteristics reflect the fund's own disclosures — check the fund's documents and any SFDR classification; a sustainability label does not by itself determine return or risk. Please read all fund documentation carefully before making any investment decisions. Past performance is not indicative of future results.
Project potential returns based on your investment parameters
Display returns after disclosed management and performance fees
Fund minimum: €100,000
Typical holding period
Fund target: 7–10% p.a.
Investment Risk Disclosure: The figures shown are an illustration, not a forecast. They are an estimate of future performance based on your own assumptions and on how this type of investment has behaved and/or on current market conditions, and are not an exact indicator — what you actually get will vary with market performance and how long you stay invested. This investment may result in a financial loss, as there is no capital guarantee. Past performance does not guarantee future results. Any future return is also subject to taxation, which depends on your personal situation and may change. Figures are shown in euro (EUR); if you fund from another currency, the amounts you pay and receive may rise or fall with exchange-rate movements. Confirm details against the fund's own documents and a qualified financial adviser before making any investment decision.
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Compare 3CC Portugal Golden Income Fund with similar investment funds to analyze performance, fees, and investment requirements.
The fund seeks to provide steady income by investing mainly in Portuguese corporate debt, along with some global stocks and a limited amount in alternative assets. Its structure also aligns with the requirements for Portugal’s Golden Visa residency-by-investment program.
It qualifies because it invests at least 60–65% of total assets in corporate bonds issued by companies headquartered in Portugal and has a recommended investment horizon of 5 years + 1 day, matching the ARI residency timeline.
The portfolio combines: ~60% Portuguese corporate bonds ~20% U.S. and global equities ~10% digital and alternative assets, including Bitcoin, Ethereum, Solana, and gold This mix is designed to balance stability and upside potential.
The fund is managed by 3 Comma Capital SCR, S.A., a Lisbon-based investment manager regulated by CMVM under license number 182126.
Bison Bank, S.A. serves as the fund’s depositary — responsible for asset safeguarding, cash flow monitoring, and compliance oversight.
NAV is calculated and publicly updated daily, offering transparency and allowing investors to monitor the value of their units with high frequency.
The fund offers multiple share classes, including Class AS, Class DS, and distribution-share variants (e.g., Class DS). Each class has a different fee structure and minimum investment requirement.
Approximate minimums are: Class AS: €100,000 Class DS: €250,000 Other share classes may have lower minima, but Golden Visa applicants must still meet the statutory €500,000 investment threshold.
Yes, Class D and DS share classes are designed for income distribution, while Class A and B are accumulation classes that reinvest returns rather than distributing cash.
Investors may redeem daily (cutoff 11:00 a.m. London/Lisbon). Early redemption fees appl: 2,5% and 0% after 5 years + 1 day.
Yes, the fund is marketed as suitable for U.S. investors via Self-Directed IRA (SDIRA) structures. For direct, taxable U.S. investors, PFIC/QEF reporting availability should be confirmed directly with the manager or a qualified advisor.
The fund is an Alternative Investment Fund (AIF), authorised by the CMVM and managed by a regulated SGOIC under Portugal’s AIFM framework. It follows strict oversight requirements, including audited annual accounts and depositary supervision.
The KIIDs classify the fund in a medium-low risk band (SRRI 3/7), reflecting the stability of investment-grade corporate bonds combined with controlled exposure to equities and digital assets.
For a € 100 000 investment: Moderate: € 106 204 after 1 year (6.20 % p.a.), € 173 689 after 5 years (11.67 % p.a.) Favorable: € 124 601 after 1 year (24.60 % p.a.), € 249 004 after 5 years (20.02 % p.a.) Unfavorable: € 90 127 after 1 year (–9.87 % p.a.), € 120 604 after 5 years (3.82 % p.a.)
The listed fund-stated objective is 7–10% p.a.. Stated objectives are set by the fund and are not forecasts or guarantees. Past performance does not indicate future results and capital is at risk.
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