[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"seo:\u002Fdetalhes\u002FAFHF11\u002Fdocumentos\u002F7777":3,"documento:AFHF11:7777":87,"fii-documento:AFHF11":96},{"title":4,"description":5,"canonical":6,"image":7,"json_ld":8,"nome":33,"resumo":79},"Relatório Gerencial AFHF11 de junho de 2026 | Kartac","Relatório Gerencial de junho de 2026 do AFHF11, entrega em 21\u002F07\u002F2026. DY 12 meses de 14,65% e P\u002FVP 0,98 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FAFHF11\u002Fdocumentos\u002F7777","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":9,"@graph":10},"https:\u002F\u002Fschema.org",[11,17,22,31,49,64],{"@type":12,"@id":13,"name":14,"url":15,"logo":16},"Organization","https:\u002F\u002Fwww.kartac.com.br\u002F#organizacao","Kartac","https:\u002F\u002Fwww.kartac.com.br\u002F","https:\u002F\u002Fwww.kartac.com.br\u002Fandroid-chrome-512x512.png",{"@type":18,"@id":19,"name":14,"url":15,"inLanguage":20,"publisher":21},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":13},{"@type":23,"@id":24,"url":6,"name":4,"description":5,"inLanguage":20,"isPartOf":25,"dateModified":26,"mainEntity":27,"breadcrumb":29},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FAFHF11\u002Fdocumentos\u002F7777#pagina",{"@id":19},"2026-11-01",{"@id":28},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FAFHF11\u002Fdocumentos\u002F7777#documento",{"@id":30},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FAFHF11\u002Fdocumentos\u002F7777#migalhas",{"@type":32,"@id":28,"name":33,"alternateName":34,"url":6,"inLanguage":20,"about":35,"genre":37,"datePublished":38,"temporalCoverage":39,"author":40,"publisher":46,"isBasedOn":48},"Report","Relatório Gerencial AFHF11 de junho de 2026","(AFHF) Relatório Gerencial - 30\u002F06\u002F2026",{"@id":36},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FAFHF11#fundo","Relatórios","2026-07-21","2026-06",{"@type":12,"name":41,"identifier":42},"AF INVEST REAL ESTATE ADMINISTRACAO DE RECURSOS LT",{"@type":43,"propertyID":44,"value":45},"PropertyValue","CNPJ","43.946.902\u002F0001-28",{"@type":12,"name":47},".BANCO DAYCOVAL S\u002FA","https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1261504",{"@type":50,"@id":36,"name":51,"alternateName":52,"url":55,"category":56,"identifier":57,"provider":62},"InvestmentFund","AF Invest Real Estate Multiestratégia",[53,54],"AFHF11","AF INVEST REAL ESTATE MULTIESTRATÉGIA FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FAFHF11","Papel",[58,60],{"@type":43,"propertyID":59,"value":53},"Ticker B3",{"@type":43,"propertyID":44,"value":61},"60.077.386\u002F0001-61",{"@type":12,"name":41,"identifier":63},{"@type":43,"propertyID":44,"value":45},{"@type":65,"@id":30,"itemListElement":66},"BreadcrumbList",[67,71,75,77],{"@type":68,"position":69,"name":70,"item":15},"ListItem",1,"Início",{"@type":68,"position":72,"name":73,"item":74},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":68,"position":76,"name":53,"item":55},3,{"@type":68,"position":78,"name":34,"item":6},4,{"atualizado_em":80,"frases":81},"2026-11-05",[82,83,84,85,86],"Relatório Gerencial do AF Invest Real Estate Multiestratégia (AFHF11), fundo imobiliário de papel, referente a junho de 2026, com entrega no FundosNet (B3) em 21\u002F07\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do AFHF11 fechou a R$ 10,00, com P\u002FVP de 0,98 (valor patrimonial de R$ 10,20 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,12 por cota, com pagamento em out\u002F2026, e o dividend yield dos últimos 12 meses é de 14,65% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 51 milhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":88,"descricao":34,"assunto":89,"tipo":37,"situacao":90,"texto":91,"link_pdf":92,"estruturado":93,"link_original":48,"data_referencia":94,"data_entrega":95,"versao":69},7777,"Relatório Gerencial","(Ativo)","\u003Ch3>AF Invest Real Estate Multiestratégia FII - AFHF11 Relatório de Gestão\u003C\u002Fh3>\u003Cp>Administrador, Escriturador e Custodiante\u003C\u002Fp>\u003Ch3>OBJETIVO\u003C\u002Fh3>\u003Cp>BancoDaycoval\u003C\u002Fp>\u003Cp>Recebimento de rendimentos e apuração de ganhos de capital por meio de investimentos em Certificados de Recebíveis Imobiliários (CRIs), cotas de Fundos de Investimento Imobiliário (FIIs), ativos reais e ações listadas de companhias do setor imobiliário.\u003C\u002Fp>\u003Cp>\u003Cstrong>GESTORA\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>INÍCIO DO FUNDO\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>AF Invest Real Estate\u003C\u002Fp>\u003Cp>01 de julho de 2025\u003C\u002Fp>\u003Cp>\u003Cstrong>ADMINISTRADOR\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>TAXAS DE ADM¹\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Banco Daycoval\u003C\u002Fp>\u003Cp>1,03% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>TAXA DE PERFOMANCE\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>PATRIMÔNIO LÍQUIDO\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>15% do que exceder 100% do CDI\u003C\u002Fp>\u003Cp>R$ 51,4 M\u003C\u002Fp>\u003Cp>\u003Cstrong>COTA PATRIMONIAL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>NÚMERO DE COTAS\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>10,28\u003C\u002Fp>\u003Cp>5.000.000\u003C\u002Fp>\u003Cp>\u003Cstrong>COTA MERCADO\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>COTISTAS\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>10,17\u003C\u002Fp>\u003Cp>1.081\u003C\u002Fp>\u003Cp>\u003Cstrong>CNPJ\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>60.077.386\u002F0001-61\u003C\u002Fp>\u003Ch3>Resultados do mês\u003C\u002Fh3>\u003Cp>\u003Cstrong>Resultado gerado no mês\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,283\u003C\u002Fp>\u003Cp>\u003Cstrong>Resultado distribuído no mês\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,220\u003C\u002Fp>\u003Cp>\u003Cstrong>Resultado total acumulado\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,091\u003C\u002Fp>\u003Cp>\u003Cstrong>Resultado acumulado\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,074\u003C\u002Fp>\u003Cp>\u003Cstrong>Resultado acumulado de inflação não distribuído\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,017\u003C\u002Fp>\u003Cp>RESULTADOS DO MÊS\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_2_image_13.jpg\">\u003C\u002Fp>\u003Cp>jul\u002F25 ago\u002F25 set\u002F25 out\u002F25 nov\u002F25 dez\u002F25 jan\u002F26 fev\u002F26 mar\u002F26 abr\u002F26 mai\u002F26 jun\u002F26\u003C\u002Fp>\u003Ch3>RESULTADO ACUMULADO\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_2_chart_16.jpg\">\u003C\u002Fp>\u003Ch3>12 meses de AFHF11\u003C\u002Fh3>\u003Cp>O AFHF11 completou 12 meses desde o IPO (01\u002F07\u002F2025). No período, o fundo entregou um retorno patrimonial de 17,91%, equivalente a 143,05% do CDI, líquido de IR, superando todos os benchmarks, conforme demonstrado no gráfico abaixo.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_3_chart_3.jpg\">\u003C\u002Fp>\u003Ch3>Retorno de investimentos\u003C\u002Fh3>\u003Cp>Apresentamos abaixo o retorno total (TIR anualizada) obtido pelo fundo com o resgate antecipado dos CRI’s TRX Mateus e TRX Assaí.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_4_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>TIR anualizada\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>51,85% a.a.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Valor investido\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 5.045.691,30\u003C\u002Fp>\u003Cp>\u003Cstrong>Retorno\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 720.272,91\u003C\u002Fp>\u003Cp>\u003Cstrong>Prazo\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>6 meses\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>0,48 ano\u003C\u002Fp>\u003Cp>\u003Cstrong>Resultado\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>R$ 0,144 por cota\u003C\u002Fp>\u003Ch3>Palavra do Gestor\u003C\u002Fh3>\u003Ch3>RESULTADO\u003C\u002Fh3>\u003Cp>Em junho de 2026, o fundo auferiu lucro em regime de caixa de R$1.416.488,62. Somado ao saldo acumulado e não distribuído, de R$55.266,12, o resultado a distribuir do fundo em junho de 2026 totalizava R$1.471.754,74, ou R$0,29 por cota. A equipe de gestão optou por distribuir o valor de R$0,22 por cota. Desta forma, o resultado acumulado e não distribuído do fundo totaliza R$371.754,74, ou R$0,074 por cota. O saldo acumulado de correção monetária não distribuída nos CRIs da carteira do fundo totalizava R$82.708,55, ou R$0,017 por cota, em 30\u002F06\u002F2026.\u003C\u002Fp>\u003Cp>A cota patrimonial do fundo apresentou valorização de R$0,06, saindo de R$10,22, em maio, para R$10,28 em junho. A variação decorreu, principalmente, do pré-pagamento dos CRI’s TRX Mateus e TRX Assaí, que gerou ganho patrimonial em função da diferença entre a taxa de marcação dos ativos na carteira e a taxa de emissão dos papéis, antecipando o reconhecimento desse valor no patrimônio do fundo.\u003C\u002Fp>\u003Cp>Destacamos que todas as operações do fundo estão adimplentes com suas respectivas obrigações.\u003C\u002Fp>\u003Ch3>RENDIMENTOS\u003C\u002Fh3>\u003Cp>A distribuição de rendimentos referente a junho, anunciados em 14\u002F07\u002F2026 e pagos em 21\u002F07\u002F2026, totalizou R$0,22 por cota. Este valor equivale a um dividend yield mensal de 2,16% e anual de 29,28%, considerando o preço de fechamento da cota em 14\u002F07\u002F2026, qual seja de R$10,17, e corresponde a uma remuneração bruta de imposto de renda de 2,54% a.m. e 35,20% a.a.\u003C\u002Fp>\u003Ch3>MOVIMENTAÇÕES\u003C\u002Fh3>\u003Cp>CRI GARE Atacadão: Entre 23 e 26\u002F06\u002F2026, o fundo comprou, no mercado secundário, um volume de R$388.889,60, referente ao CRI GARE Atacadão, à taxa média de IPCA +9,93% a.a. Trata-se da mesma operação já presente na carteira do fundo no volume total de R$384.000.000,00 lastreada em recebíveis imobiliários devidos pelo Carrefour S.A., maior rede varejista do país, com presença em todo o país e 1.041 pontos de venda distribuídos por todos os estados. A operação foi estruturada para a aquisição de 15 lojas pelo Guardian Real Estate (GARE11), localizadas em Araraquara\u002FSP, Atibaia\u002FSP, Barretos\u002FSP, Caraguatatuba\u002FSP, Boa Vista\u002FRR, Presidente Prudente\u002FSP, Campo Grande\u002FMS, Maringá\u002FPR, Santa Bárbara D’Oeste\u002FSP, Anápolis\u002FGO, Fortaleza Eusébio\u002FCE, Lucas do Rio Verde\u002FMT, Cuiabá Tijuca\u002FMT, Barra do Garça\u002FMT e Três Lagoas\u002FMS. A operação conta com alienação fiduciária dos 15 imóveis, avaliados em R$ 768 milhões e fundo de despesas.\u003C\u002Fp>\u003Cp>Ação 1: Em 17\u002F06\u002F2026 e 24\u002F06\u002F2026, o fundo adquiriu, um volume de R$213.675,00, de uma ação listada no Índice Imobiliário – IMOB. Como parte da estratégia da equipe de gestão, a identificação do respectivo ativo será realizada quando: (i) o fundo concluir a aquisição da posição alvo, alocando todo o montante que a gestão considerar adequado; ou (ii) ocorrer a venda da posição detida no ativo.\u003C\u002Fp>\u003Cp>Ação 2: Em 24\u002F06\u002F2026 e 08\u002F07\u002F2026, o fundo adquiriu, um volume de R$496.000,00, de outra ação listada no Índice Imobiliário – IMOB. Como parte da estratégia da equipe de gestão, a identificação do respectivo ativo será realizada quando: (i) o fundo concluir a aquisição da posição alvo, alocando todo o montante que a gestão considerar adequado; ou (ii) ocorrer a venda da posição detida no ativo.\u003C\u002Fp>\u003Cp>FII 1: Em 14\u002F07\u002F2026, o fundo adquiriu, um volume de R$59.440,20, de um fundo imobiliário já presente na carteira do fundo, aproveitando pontual oscilação da cotação no mercado para aumentar exposição no ativo.\u003C\u002Fp>\u003Ch3>PROJEÇÕES\u003C\u002Fh3>\u003Cp>Em junho de 2026, conforme antecipado na aba \"Retorno dos Investimentos\", o resultado do AFHF11 foi positivamente impactado, principalmente, pelas recompras parciais facultativas dos CRIs TRX Mateus e TRX Assaí, ocorridas em 30\u002F06\u002F2026. A operação gerou um ganho extraordinário equivalente a R$ 0,14 por cota, decorrente da compressão de taxa dos ativos, que haviam sido emitidos a IPCA + 6,90% a.a. (TRX Mateus) e IPCA + 5,75% a.a. (TRX Assaí) e foram adquiridos a taxas acima de IPCA + 9,00% a.a. O impacto foi potencializado pela longa duration dos papéis, cujos vencimentos originais estavam previstos para 09\u002F11\u002F2039 e 10\u002F05\u002F2035, respectivamente. Em razão desse resultado e considerando a obrigação legal de distribuição de, no mínimo, 95% do resultado realizado ao final de cada semestre, a equipe de gestão optou por realizar uma distribuição extraordinária de R$ 0,22 por cota.\u003C\u002Fp>\u003Cp>Conforme informado no documento de Liberação de Negociação enviado por meio do Sistema Fundos.NET em 24 de julho de 2025, as cotas do AFHF11 ficaram sujeitas às restrições de compra previstas na Resolução CVM 160, observado o seguinte escalonamento a contar do encerramento da Oferta:\u003C\u002Fp>\u003Cp>(i) a investidores profissionais, a partir de 11 de julho de 2025;\u003C\u002Fp>\u003Cp>(ii) a investidores qualificados, a partir de 11 de janeiro de 2026; e\u003C\u002Fp>\u003Cp>(iii) ao público em geral (investidores de varejo), a partir de 11 de julho de 2026.\u003C\u002Fp>\u003Cp>Nesse sentido, a equipe de gestão comunica que, a partir de 13 de julho de 2026, as cotas do AFHF11 passaram a ser livremente negociadas no mercado secundário de bolsa administrado pela B3 S.A. – Brasil, Bolsa, Balcão por quaisquer investidores, inclusive investidores não qualificados (público em geral\u002Fvarejo), sob o código de negociação AFHF11.\u003C\u002Fp>\u003Cp>Por fim, o fundo completou um ano desde o seu IPO, ocorrido em 01 de julho de 2025. A equipe de gestão gostaria de agradecer a todos os cotistas que participaram do início desta trajetória e depositaram sua confiança em nosso trabalho. Seguiremos comprometidos com uma gestão ativa, disciplinada e alinhada aos interesses dos investidores, sempre buscando gerar valor de forma consistente no longo prazo.\u003C\u002Fp>\u003Ch3>DRE Gerencial\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>DRE\u003C\u002Fth>\u003Cth>caixa\u003C\u002Fth>\u003Cth>Abril\u003C\u002Fth>\u003Cth>Maio\u003C\u002Fth>\u003Cth>Junho\u003C\u002Fth>\u003Cth>Últimos 6 meses\u003C\u002Fth>\u003Cth>2026\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>(=)\u003C\u002Ftd>\u003Ctd>Receitas (R$)\u003C\u002Ftd>\u003Ctd>654.058,15\u003C\u002Ftd>\u003Ctd>727.907,55\u003C\u002Ftd>\u003Ctd>1.466.540,27\u003C\u002Ftd>\u003Ctd>4.824.998,45\u003C\u002Ftd>\u003Ctd>4.824.998,45\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(+)\u003C\u002Ftd>\u003Ctd>Juros\u003C\u002Ftd>\u003Ctd>479.173,92\u003C\u002Ftd>\u003Ctd>443.652,03\u003C\u002Ftd>\u003Ctd>446.233,02\u003C\u002Ftd>\u003Ctd>2.695.621,69\u003C\u002Ftd>\u003Ctd>2.695.621,69\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(+)\u003C\u002Ftd>\u003Ctd>Correção Monetária\u003C\u002Ftd>\u003Ctd>36.783,24\u003C\u002Ftd>\u003Ctd>68.549,24\u003C\u002Ftd>\u003Ctd>52.437,81\u003C\u002Ftd>\u003Ctd>194.227,16\u003C\u002Ftd>\u003Ctd>194.227,16\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(+)\u003C\u002Ftd>\u003Ctd>Negociação CRI\u003C\u002Ftd>\u003Ctd>52.492,15\u003C\u002Ftd>\u003Ctd>115.382,55\u003C\u002Ftd>\u003Ctd>836.588,49\u003C\u002Ftd>\u003Ctd>1.237.133,46\u003C\u002Ftd>\u003Ctd>1.237.133,46\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(+)\u003C\u002Ftd>\u003Ctd>Negociação FII\u003C\u002Ftd>\u003Ctd>3.691,98\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>10.983,68\u003C\u002Ftd>\u003Ctd>10.983,68\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(+)\u003C\u002Ftd>\u003Ctd>Rendimentos de Fundo Imobiliários\u003C\u002Ftd>\u003Ctd>70.670,32\u003C\u002Ftd>\u003Ctd>66.494,90\u003C\u002Ftd>\u003Ctd>66.419,88\u003C\u002Ftd>\u003Ctd>413.199,29\u003C\u002Ftd>\u003Ctd>413.199,29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(+)\u003C\u002Ftd>\u003Ctd>Renda Fixa\u003C\u002Ftd>\u003Ctd>11.246,54\u003C\u002Ftd>\u003Ctd>33.828,83\u003C\u002Ftd>\u003Ctd>64.861,07\u003C\u002Ftd>\u003Ctd>273.833,16\u003C\u002Ftd>\u003Ctd>273.833,16\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(-)\u003C\u002Ftd>\u003Ctd>Despesas (R$)\u003C\u002Ftd>\u003Ctd>53.627,08\u003C\u002Ftd>\u003Ctd>62.217,85\u003C\u002Ftd>\u003Ctd>50.051,65\u003C\u002Ftd>\u003Ctd>431.873,65\u003C\u002Ftd>\u003Ctd>431.873,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(=)\u003C\u002Ftd>\u003Ctd>Resultado (R$)\u003C\u002Ftd>\u003Ctd>600.431,07\u003C\u002Ftd>\u003Ctd>665.689,70\u003C\u002Ftd>\u003Ctd>1.416.488,62\u003C\u002Ftd>\u003Ctd>4.393.124,80\u003C\u002Ftd>\u003Ctd>4.393.124,80\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(=)\u003C\u002Ftd>\u003Ctd>Resultado\u002FCota\u003C\u002Ftd>\u003Ctd>0,1201\u003C\u002Ftd>\u003Ctd>0,1331\u003C\u002Ftd>\u003Ctd>0,2833\u003C\u002Ftd>\u003Ctd>0,8786\u003C\u002Ftd>\u003Ctd>0,8786\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(=)\u003C\u002Ftd>\u003Ctd>Rendimento (R$)\u003C\u002Ftd>\u003Ctd>650.000,00\u003C\u002Ftd>\u003Ctd>650.000,00\u003C\u002Ftd>\u003Ctd>1.100.000,00\u003C\u002Ftd>\u003Ctd>4.200.000,00\u003C\u002Ftd>\u003Ctd>4.200.000,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(=)\u003C\u002Ftd>\u003Ctd>Rendimento\u002FCota\u003C\u002Ftd>\u003Ctd>0,1300\u003C\u002Ftd>\u003Ctd>0,1300\u003C\u002Ftd>\u003Ctd>0,2200\u003C\u002Ftd>\u003Ctd>0,8400\u003C\u002Ftd>\u003Ctd>0,8400\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(=)\u003C\u002Ftd>\u003Ctd>Resultado Acumulado (R$)\u003C\u002Ftd>\u003Ctd>39.576,42\u003C\u002Ftd>\u003Ctd>55.266,12\u003C\u002Ftd>\u003Ctd>371.754,74\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(=)\u003C\u002Ftd>\u003Ctd>Resultado Acumulado\u002FCota\u003C\u002Ftd>\u003Ctd>0,0079\u003C\u002Ftd>\u003Ctd>0,0111\u003C\u002Ftd>\u003Ctd>0,0744\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>(#)\u003C\u002Ftd>\u003Ctd>Cotas\u003C\u002Ftd>\u003Ctd>5.000.000\u003C\u002Ftd>\u003Ctd>5.000.000\u003C\u002Ftd>\u003Ctd>5.000.000\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Histórico do Fundo\u003C\u002Fh3>\u003Ch3>ÚLTIMOS RENDIMENTOS DO AFHF11\u003C\u002Fh3>\u003Ctable>\u003Ctr>\u003Ctd>Data base\u003C\u002Ftd>\u003Ctd>Cotação\u003C\u002Ftd>\u003Ctd>Rendimento\u003C\u002Ftd>\u003Ctd>DY\u003C\u002Ftd>\u003Ctd>Rentabilidade gross-up\u003C\u002Ftd>\u003Ctd>Rentabilidade gross-up CDI%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ago\u002F25\u003C\u002Ftd>\u003Ctd>10,05\u003C\u002Ftd>\u003Ctd>0,120\u003C\u002Ftd>\u003Ctd>1,19%\u003C\u002Ftd>\u003Ctd>1,40%\u003C\u002Ftd>\u003Ctd>109,75%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>set\u002F25\u003C\u002Ftd>\u003Ctd>10,10\u003C\u002Ftd>\u003Ctd>0,130\u003C\u002Ftd>\u003Ctd>1,29%\u003C\u002Ftd>\u003Ctd>1,51%\u003C\u002Ftd>\u003Ctd>130,54%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>out\u002F25\u003C\u002Ftd>\u003Ctd>10,10\u003C\u002Ftd>\u003Ctd>0,130\u003C\u002Ftd>\u003Ctd>1,29%\u003C\u002Ftd>\u003Ctd>1,51%\u003C\u002Ftd>\u003Ctd>124,12%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>nov\u002F25\u003C\u002Ftd>\u003Ctd>10,00\u003C\u002Ftd>\u003Ctd>0,130\u003C\u002Ftd>\u003Ctd>1,30%\u003C\u002Ftd>\u003Ctd>1,53%\u003C\u002Ftd>\u003Ctd>119,49%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>dez\u002F25\u003C\u002Ftd>\u003Ctd>10,02\u003C\u002Ftd>\u003Ctd>0,130\u003C\u002Ftd>\u003Ctd>1,30%\u003C\u002Ftd>\u003Ctd>1,53%\u003C\u002Ftd>\u003Ctd>145,37%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jan\u002F26\u003C\u002Ftd>\u003Ctd>10,06\u003C\u002Ftd>\u003Ctd>0,135\u003C\u002Ftd>\u003Ctd>1,34%\u003C\u002Ftd>\u003Ctd>1,58%\u003C\u002Ftd>\u003Ctd>129,41%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>fev\u002F26\u003C\u002Ftd>\u003Ctd>10,07\u003C\u002Ftd>\u003Ctd>0,120\u003C\u002Ftd>\u003Ctd>1,19%\u003C\u002Ftd>\u003Ctd>1,40%\u003C\u002Ftd>\u003Ctd>120,86%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>mar\u002F26\u003C\u002Ftd>\u003Ctd>10,04\u003C\u002Ftd>\u003Ctd>0,120\u003C\u002Ftd>\u003Ctd>1,20%\u003C\u002Ftd>\u003Ctd>1,41%\u003C\u002Ftd>\u003Ctd>140,61%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>abr\u002F26\u003C\u002Ftd>\u003Ctd>10,00\u003C\u002Ftd>\u003Ctd>0,12\u003C\u002Ftd>\u003Ctd>1,20%\u003C\u002Ftd>\u003Ctd>1,41%\u003C\u002Ftd>\u003Ctd>116,67%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>mai\u002F26\u003C\u002Ftd>\u003Ctd>10,00\u003C\u002Ftd>\u003Ctd>0,13\u003C\u002Ftd>\u003Ctd>1,30%\u003C\u002Ftd>\u003Ctd>1,53%\u003C\u002Ftd>\u003Ctd>140,31%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jun\u002F26\u003C\u002Ftd>\u003Ctd>10,03\u003C\u002Ftd>\u003Ctd>0,13\u003C\u002Ftd>\u003Ctd>1,30%\u003C\u002Ftd>\u003Ctd>1,52%\u003C\u002Ftd>\u003Ctd>142,51%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>10,17\u003C\u002Ftd>\u003Ctd>0,22\u003C\u002Ftd>\u003Ctd>2,16%\u003C\u002Ftd>\u003Ctd>2,54%\u003C\u002Ftd>\u003Ctd>227,23%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"8\">1,62 17,85% Retorno desde o início\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>HISTÓRICO DE COTISTAS\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_9_chart_5.jpg\">\u003C\u002Fp>\u003Cp>HISTÓRICO DE COTA PATRIMONIAL\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_9_chart_7.jpg\">\u003C\u002Fp>\u003Ch3>Composição da Carteira | 14\u002F07\u002F2026\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth># Ativo\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Devedor\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Tipo de risco\u003C\u002Fth>\u003Cth>Código\u003C\u002Fth>\u003Cth>Série Emissor\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Spread\u003C\u002Fth>\u003Cth>Duration\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>Risco\u003C\u002Fth>\u003Cth>%\u003C\u002Fth>\u003Cth>Valor\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>1 CRI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Muffato\u003C\u002Ftd>\u003Ctd>Varejo Essencial\u003C\u002Ftd>\u003Ctd>Contratual\u003C\u002Ftd>\u003Ctd>25F2703942\u003C\u002Ftd>\u003Ctd>Única Artesanal\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,50%\u003C\u002Ftd>\u003Ctd>5,14\u003C\u002Ftd>\u003Ctd>21\u002F06\u002F2035 High Grade\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>9,51%\u003C\u002Ftd>\u003Ctd>4.924.940,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>FlI\u003C\u002Ftd>\u003Ctd>LPLP15\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>9,42%\u003C\u002Ftd>\u003Ctd>4.881.124,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Inova Parque\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>26E2464853\u003C\u002Ftd>\u003Ctd>Vert Única\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,00%\u003C\u002Ftd>\u003Ctd>2,58\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>26\u002F04\u002F2030 High Grade\u003C\u002Ftd>\u003Ctd>9,40%\u003C\u002Ftd>\u003Ctd>4.868.918,23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>GARE Atacadão\u003C\u002Ftd>\u003Ctd>Varejo Essencial\u003C\u002Ftd>\u003Ctd>Contratual\u003C\u002Ftd>\u003Ctd>24K2582816 Única\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,37%\u003C\u002Ftd>\u003Ctd>4,74\u003C\u002Ftd>\u003Ctd>15\u002F12\u002F2037\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>7,18%\u003C\u002Ftd>\u003Ctd>3.719.610,59\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Tibério\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>20K0777893 Única\u003C\u002Ftd>\u003Ctd>True\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,70%\u003C\u002Ftd>\u003Ctd>1,61\u003C\u002Ftd>\u003Ctd>27\u002F11\u002F2028\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>6,73%\u003C\u002Ftd>\u003Ctd>3.484.887,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>RNI\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>19B0177968 Única\u003C\u002Ftd>\u003Ctd>Virgo\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>1,70%\u003C\u002Ftd>\u003Ctd>1,38\u003C\u002Ftd>\u003Ctd>15\u002F02\u002F2029\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>6,67%\u003C\u002Ftd>\u003Ctd>3.452.875,68\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>MRV\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>22I1423539\u003C\u002Ftd>\u003Ctd>Única Opea\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>1,26\u003C\u002Ftd>\u003Ctd>15\u002F09\u002F2027\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>5,88%\u003C\u002Ftd>\u003Ctd>3.046.704,69\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Cahima - Direcional\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Contratual\u003C\u002Ftd>\u003Ctd>25J2486442 Sênior\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,00%\u003C\u002Ftd>\u003Ctd>5,38\u003C\u002Ftd>\u003Ctd>20\u002F10\u002F2031\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>5,27%\u003C\u002Ftd>\u003Ctd>2.731.209,29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>VIC Engenharia\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>25G5321935 Única\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,90%\u003C\u002Ftd>\u003Ctd>1,99\u003C\u002Ftd>\u003Ctd>22\u002F07\u002F2030\u003C\u002Ftd>\u003Ctd>High Yield\u003C\u002Ftd>\u003Ctd>4,88%\u003C\u002Ftd>\u003Ctd>2.529.797,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10 CRI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Grupo Comporte\u003C\u002Ftd>\u003Ctd>Logístico\u003C\u002Ftd>\u003Ctd>Contratual\u003C\u002Ftd>\u003Ctd>2311270600 Única\u003C\u002Ftd>\u003Ctd>Opea\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,50%\u003C\u002Ftd>\u003Ctd>1,82\u003C\u002Ftd>\u003Ctd>18\u002F09\u002F2030\u003C\u002Ftd>\u003Ctd>High Yield\u003C\u002Ftd>\u003Ctd>4,30%\u003C\u002Ftd>\u003Ctd>2.227.851,78\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>11 CRI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>MRV\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>22L1198359\u003C\u002Ftd>\u003Ctd>Única True\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>1,27\u003C\u002Ftd>\u003Ctd>20\u002F12\u002F2027\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>4,14%\u003C\u002Ftd>\u003Ctd>2.146.657,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>MRV\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>22L1198360\u003C\u002Ftd>\u003Ctd>Única True\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>1,27\u003C\u002Ftd>\u003Ctd>20\u002F12\u002F2027\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>4,14%\u003C\u002Ftd>\u003Ctd>2.146.638,17\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>13 CRI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Creditas\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>20J0837185 Sênior\u003C\u002Ftd>\u003Ctd>Vert\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,64%\u003C\u002Ftd>\u003Ctd>4,92\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>15\u002F10\u002F2040 High Grade\u003C\u002Ftd>\u003Ctd>2,88%\u003C\u002Ftd>\u003Ctd>1.491.703,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>14 Ação\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Ação 1\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1,15%\u003C\u002Ftd>\u003Ctd>595.864,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>15 CRI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Embraed\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>23E1295288 Única\u003C\u002Ftd>\u003Ctd>Canal\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,50%\u003C\u002Ftd>\u003Ctd>0,90\u003C\u002Ftd>\u003Ctd>22\u002F05\u002F2028\u003C\u002Ftd>\u003Ctd>High Yield\u003C\u002Ftd>\u003Ctd>1,12%\u003C\u002Ftd>\u003Ctd>580.666,55\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>16 Ação\u003C\u002Ftd>\u003Ctd>Ação 2\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,93%\u003C\u002Ftd>\u003Ctd>484.000,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>17 CRI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>CashMe II\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>24A1781654 Sênior Provincia\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,20%\u003C\u002Ftd>\u003Ctd>2,01\u003C\u002Ftd>\u003Ctd>15\u002F01\u002F2031\u003C\u002Ftd>\u003Ctd>High Grade\u003C\u002Ftd>\u003Ctd>0,66%\u003C\u002Ftd>\u003Ctd>340.294,49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>18\u003C\u002Ftd>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Fll 1\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,57%\u003C\u002Ftd>\u003Ctd>297.570,24\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caixa\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Daycoval\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>15,16%\u003C\u002Ftd>\u003Ctd>7.852.888,19\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Alocação do Fundo\u003C\u002Fh3>\u003Ch3>RESUMO DA 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118.097,96\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compra\u003C\u002Ftd>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>24\u002F06\u002F2026\u003C\u002Ftd>\u003Ctd>Ação 1\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>R$ 80.550,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compra\u003C\u002Ftd>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>24\u002F06\u002F2026\u003C\u002Ftd>\u003Ctd>Ação 2\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>R$ 249.500,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compra\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>24\u002F06\u002F2026\u003C\u002Ftd>\u003Ctd>GARE Atacadão\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,24%\u003C\u002Ftd>\u003Ctd>47\u003C\u002Ftd>\u003Ctd>922,23\u003C\u002Ftd>\u003Ctd>R$ 43.344,70\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compra\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>25\u002F06\u002F2026\u003C\u002Ftd>\u003Ctd>GARE Atacadão\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,24%\u003C\u002Ftd>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>922,85\u003C\u002Ftd>\u003Ctd>R$ 18.456,97\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compra\u003C\u002Ftd>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>26\u002F06\u002F2026\u003C\u002Ftd>\u003Ctd>GARE Atacadão\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,79%\u003C\u002Ftd>\u003Ctd>222\u003C\u002Ftd>\u003Ctd>941,40\u003C\u002Ftd>\u003Ctd>R$ 208.989,97\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compra\u003C\u002Ftd>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>08\u002F07\u002F2026\u003C\u002Ftd>\u003Ctd>Ação 2\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>R$ 246.500,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compra\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>14\u002F07\u002F2026\u003C\u002Ftd>\u003Ctd>FII 1\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>R$ 59.440,20\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Alocação do Fundo\u003C\u002Fh3>\u003Cp>POR INDEXADOR\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_12_chart_3.jpg\">\u003C\u002Fp>\u003Cp>POR INSTRUMENTO\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_12_chart_5.jpg\">\u003C\u002Fp>\u003Cp>POR TIPO DE RISCO\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_12_chart_7.jpg\">\u003C\u002Fp>\u003Cp>POR RISCO\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_12_chart_9.jpg\">\u003C\u002Fp>\u003Ch3>Alocação do Fundo\u003C\u002Fh3>\u003Cp>POR SEGMENTO\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_13_chart_3.jpg\">\u003C\u002Fp>\u003Cp>POR SECURITIZADORA\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_13_chart_5.jpg\">\u003C\u002Fp>\u003Cp>POR SÉRIE\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F7777\u002Fpage_13_chart_7.jpg\">\u003C\u002Fp>\u003Ch3>Alto Desempenho, Alinhamento e Segurança\u003C\u002Fh3>\u003Cp>Fundada em 2006, a AF Invest é a maior gestora de recursos independente de Minas Gerais. Dedicada a investimentos em crédito privado e renda variável no mercado de Wealth e Asset Management. Possui especializado e sólido time de análise e gestão, com rígido compliance e controle de riscos.\u003C\u002Fp>\u003Ch3>SÃO PAULO\u003C\u002Fh3>\u003Cp>RUA TABAPUA 1123, CONJ 94\u003C\u002Fp>\u003Cp>EDIFÍCIO SPAZIO DEL SOLE\u003C\u002Fp>\u003Cp>ITAIM BIBI, SÃO PAULO, SP\u003C\u002Fp>\u003Cp>04.533-014\u003C\u002Fp>\u003Cp>FAX: + 55 (16)3620-8786\u003C\u002Fp>\u003Ch3>BELO HORIZONTE\u003C\u002Fh3>\u003Cp>TEL: + 55 (11) 3078-7314\u003C\u002Fp>\u003Cp>RUA SERGIPE, 1440, 6º ANDAR\u003C\u002Fp>\u003Cp>SAVASSI, BELO HORIZONTE, MG\u003C\u002Fp>\u003Cp>30130-174\u003C\u002Fp>\u003Cp>TEL: + 55 (31)2103-6000\u003C\u002Fp>\u003Cp>FAX: + 55 (31)2103-6001\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FAFHF11\u002Fdocumentos\u002F7777\u002Fpdf",false,"2026-06-30","2026-07-21 18:40:00",{"id":97,"empresa":98,"gestor":102,"cotacoes":108,"patrimonio":214,"vpa":215,"p_vpa":216,"tipo_gestao":217,"mandato":218,"segmento":219,"categoria":56,"grupo":56,"preco_atual":208,"cotacao_atualizada_em":220,"ultima_variacao_cotacao_24h":221,"variacao_cotacao_7d":222,"variacao_cotacao_1m":223,"variacao_cotacao_3m":224,"variacao_cotacao_6m":225,"variacao_cotacao_12m":226,"vacancia_fisica":218,"liquidez_atual":227,"ultimo_dividendo":228,"ultimo_dividend_yield":229,"mes_pagamento_ultimo_dividendo":230,"dividend_yield_3m":231,"dividend_yield_6m":232,"dividend_yield_12m":233,"dividend_yield_medio_12m":234,"qtd_dividendos_pagos_ano_passado":235,"data_ultima_cotacao":212,"pregoes_com_negocio_21":236,"alertas":237,"updated_at":238,"liquidez_media_reais":239,"administrador":47,"taxa_administracao_paga":218,"balanco":240,"resultado_distribuido":247,"publico_alvo":251,"mercados_negociacao_cotas":252,"data_funcionamento":255,"data_final":218,"quantidade_cotas":256,"quantidade_cotistas":257,"detalhes_cotistas":258,"total_investido":261,"investimentos_fundo":262,"imoveis":266,"contratos":218,"custodiante":268,"auditor_independente":275,"formador_mercado":218,"distribuidor_cotas":282,"consultor_especializado":218,"administrador_locacoes":218,"relatorio_anual":283,"analise_administrador":286},354,{"nome":54,"nome_simplificado":99,"nome_comercial":51,"ticker":53,"nome_ticker":100,"nome_pregao":101,"cnpj":61},"AF INVEST REAL ESTATE MULTIESTRATÉGIA   RESPONSABILIDADE LIMITADA","AFHF11 - 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01311-200","(11) 3563-4389","2026-10-03T18:53:48.000000Z",{"id":276,"nome":277,"cnpj":278,"endereco":279,"telefone":280,"created_at":281,"updated_at":281},24,"ERNST & YOUNG AUDITORES INDEPENDENTES S\u002FS LTDA","61366936000125","AV PRESIDENTE JUSCELINO KUBITSCHEK 1909, SP CORP TOWER TORRE NORTE ANDAR 8 CONJ 81 – VILA NOVA CONCEIÇÃO – SÃO PAULO\u002FSP – 04.543-907","(11) 2573-3000","2026-10-03T18:51:30.000000Z",{"id":269,"nome":270,"cnpj":271,"endereco":272,"telefone":273,"created_at":274,"updated_at":274},{"ano_referencia":284,"data_disponibilizacao":285},"2026","2026-09-29",{"ResultadoFundo":287,"ConjunturaEconomica":288,"PerspectivaPeriodoSeguinte":289},"Os resultados do fundo de investimento podem ser consultados diretamente na demonstração financeira do fundo (DF). Esta documentação estara disponível para consulta em: (https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FabrirGerenciadorDocumentosCVM), e proporciona uma visão detalhada do desempenho e das operações realizadas ao longo do período.","O exercício de julho de 2025 a junho de 2026 foi marcado por juros elevados por período prolongado. A Selic permaneceu em 15% a.a., maior patamar em quase duas décadas, de junho de 2025 a março de 2026, quando o Banco Central iniciou um ciclo gradual de cortes de 0,25 p.p. por reunião (14,75% em março, 14,50% em abril e 14,25% em junho de 2026). A inflação, que vinha em acomodação em 2025, voltou a acelerar no primeiro semestre de 2026 com o choque de commodities decorrente do conflito no Oriente Médio, e as expectativas para o IPCA de 2026 passaram a superar o teto da meta (4,5%), levando o Copom a adotar postura cautelosa, sem sinalização sobre o ritmo do ciclo. As expectativas para a Selic ao final de 2026 subiram ao longo do semestre, de cerca de 12% para cerca de 14%, pressionando os ativos sensíveis a juros.\n\nPara os fundos imobiliários, o período teve duas fases distintas. No segundo semestre de 2025, o IFIX deu continuidade à recuperação iniciada no início daquele ano e encerrou 2025 com alta de 21,15%. No primeiro semestre de 2026, com a reprecificação dos juros e a saída de investidores estrangeiros da bolsa, o índice avançou apenas 0,83%, o pior primeiro semestre desde 2022, com maior pressão sobre os fundos de tijolo e desempenho relativo melhor dos fundos de papel, que passaram a ser o segmento preferido das carteiras recomendadas. O mercado primário, contudo, seguiu aquecido: as emissões de FII somaram R$ 39,5 bilhões no primeiro semestre de 2026 (+103,9% em 12 meses, recorde), com a participação de pessoas físicas mais que dobrando.\n\nNo crédito imobiliário estruturado, segmento central da estratégia do Fundo, as emissões de CRI totalizaram R$ 20,3 bilhões no primeiro semestre de 2026, queda de 15,8% frente ao mesmo período de 2025, refletindo o custo elevado de captação para os devedores e a maior seletividade dos investidores","O cenário-base contempla a continuidade gradual do ciclo de cortes da Selic, condicionada à convergência da inflação, com juros reais ainda elevados em 2026 e volatilidade adicional pela proximidade do período eleitoral. No mercado de CRI, a expectativa é de manutenção de carrego elevado: os papéis em CDI seguem se beneficiando do patamar da taxa básica, enquanto os indexados a índices de preços tendem a capturar a inflação corrente acima da meta, com possibilidade de ganho de marcação a mercado à medida que a curva de juros recue. Do lado do crédito, o custo de capital elevado continua pressionando incorporadoras e projetos alavancados, o que deve manter a seletividade dos investidores, spreads atrativos nas novas emissões e a importância da análise de garantias e do monitoramento contínuo das operações.\nNo mercado de fundos imobiliários, o exercício começa com o setor negociando descontos relevantes sobre o valor patrimonial, sobretudo nos fundos de tijolo, após o pior primeiro semestre do IFIX desde 2022. Os fundos de papel tendem a seguir favorecidos enquanto a Selic permanecer elevada, pelo carrego e pela menor sensibilidade a juros, ao passo que os fundos de tijolo com ativos de qualidade e contratos resilientes são os principais candidatos à reprecificação quando o afrouxamento monetário ganhar tração. Nos fundos de desenvolvimento, a perspectiva está ligada ao ritmo de vendas e de execução dos projetos, favorecidos pela demanda nos segmentos econômicos e pela gradual redução do custo de financiamento, com atenção à evolução dos custos de construção e à liquidez dos estoques. O mercado primário aquecido e a ampliação da base de investidores pessoas físicas sustentam a liquidez do segmento, ainda que com dispersão crescente entre fundos.\nNas ações do setor imobiliário, os múltiplos das companhias do IMOB foram comprimidos pelo ciclo de juros. As incorporadoras voltadas ao Minha Casa, Minha Vida têm demonstrado maior resiliência operacional, com lançamentos e vendas sustentados pelo programa habitacional, enquanto os segmentos de média e alta renda e as administradoras de shoppings e propriedades comerciais seguem mais sensíveis ao custo de capital e tendem a ser os principais beneficiados por um ciclo consistente de queda dos juros. A volatilidade do ano eleitoral deve seguir influenciando o segmento no curto prazo."]