[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:PMIS11:16517":3,"seo:\u002Fdetalhes\u002FPMIS11\u002Fdocumentos\u002F16517":16,"fii-documento:PMIS11":96},{"id":4,"descricao":5,"assunto":6,"tipo":7,"situacao":8,"texto":9,"link_pdf":10,"estruturado":11,"link_original":12,"data_referencia":13,"data_entrega":14,"versao":15},16517,"(PMIS) Relatório Gerencial - 31\u002F07\u002F2026","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch3>PARAMÍS CAPITAL\u003C\u002Fh3>\u003Ch3>Relatório Gerencial Paramis Hedge Fund Fundo de Investimento Imobiliário – FII Julho 2026\u003C\u002Fh3>\u003Ch3>Paramis Hedge Fund PMIS11\u003C\u002Fh3>\u003Cp>\u003Cstrong>Data de Início:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>06\u002F11\u002F2023\u003C\u002Fp>\u003Cp>\u003Cstrong>Início de Negociação:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>CNPJ:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Investidores Alvo:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Gestor:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>05\u002F02\u002F2024\u003C\u002Fp>\u003Cp>\u003Cstrong>Administrador:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa de Gestão\u002F Administração:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>51.868.778\u002F0001-58\u003C\u002Fp>\u003Cp>Público em Geral\u003C\u002Fp>\u003Cp>\u003Cstrong>Data de Pagamento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Data Com:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Paramis Capital\u003C\u002Fp>\u003Cp>\u003Cstrong>Formador de Mercado:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa de Performance:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>XP Investimentos CVTM S.A.\u003C\u002Fp>\u003Cp>1,10%\u003C\u002Fp>\u003Cp>20% do que exceder o maior entre IPCA+3% e IPCA+Yield do IMA-B 5*\u003C\u002Fp>\u003Cp>Último dia útil do mês\u003C\u002Fp>\u003Cp>Até o 10º dia útil do mês\u003C\u002Fp>\u003Cp>Banco Fator\u003C\u002Fp>\u003Ch3>OBJETIVO DO FUNDO\u003C\u002Fh3>\u003Cp>O objetivo do FII Paramis Hedge Fund é gerar rendimentos mensais aos cotistas aplicando em ativos financeiros de natureza imobiliária, tais como CRI, Debênture, LCI, LH e quotas de FII.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_27.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 137,7 milhões\u003C\u002Fstrong> Patrimônio Líquido\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_29.jpg\">\u003C\u002Fp>\u003Cp>Taxa Ponderada MtM da Carteira de CRIs\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_31.jpg\">\u003C\u002Fp>\u003Cp>84,2%\u003C\u002Fp>\u003Cp>% Alocado em Ativos Alvo\u003Csup>1\u003C\u002Fsup>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_34.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_35.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>7,86\u003C\u002Fstrong> Cota de Mercado\u003Csup>2\u003C\u002Fsup>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_37.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>0,092\u003C\u002Fstrong> Último Dividendo\u003C\u002Fp>\u003Cp>\u003Cstrong>6.520\u003C\u002Fstrong> Cotistas\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_40.jpg\">\u003C\u002Fp>\u003Cp>0,84\u003C\u002Fp>\u003Cp>Cota de Mercado \u002F Cota Patrimonial\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_1_image_43.jpg\">\u003C\u002Fp>\u003Ch3>R$ 190.964\u003C\u002Fh3>\u003Cp>Liquidez Diária\u003Csup>3\u003C\u002Fsup>\u003C\u002Fp>\u003Cp>1. Alocação no fechamento do mês\u003C\u002Fp>\u003Cp>2. Cota de fechamento do mês\u003C\u002Fp>\u003Cp>3. Média diária de negociação no mês\u003C\u002Fp>\u003Ch3>Comentários da Gestão\u003C\u002Fh3>\u003Ch3>Comentário Macroeconômico\u003C\u002Fh3>\u003Cp>Julho foi marcado por volatilidade nos mercados internacionais, com a retomada dos bombardeios dos EUA ao Irã, tornando efetivamente sem efeito o memorando de entendimentos (MOU) firmado entre os dois países em junho. O impasse em relação à livre circulação no Estreito de Ormuz continua a pressionar algumas commodities. O Brent encerrou julho cotado a US$ 87,93\u002Fbarril, com alta de 23,5% no mês. A comunicação da Casa Branca em relação ao tema continua pouco crível em relação a um efetivo desfecho para o conflito no curto prazo.\u003C\u002Fp>\u003Cp>No campo comercial, abriu-se nova frente de tensão entre EUA e Brasil. Após o questionamento, na Justiça norte-americana, da tarifa geral de 50% anunciada no primeiro semestre, o governo Trump recorreu à Seção 301 da Lei de Comércio de 1974 para taxar produtos brasileiros de forma segmentada: uma tarifa de 25% confirmada em 15 de julho e uma sobretaxa adicional de 12,5%, associada a investigação sobre “trabalho forçado”, anunciada em 23 de julho, ambas em vigor desde 24 de julho e elevando a alíquota final de diversos itens da pauta de exportação a 37,5%. Aço e alumínio seguem sujeitos à sobretaxa de 50%, ao passo que aeronaves civis, energia, suco de laranja, ferro-gusa, metais preciosos, celulose e fertilizantes foram poupados. A escalada das tensões comerciais adiciona incerteza ao balanço de riscos e o recurso do Brasil à OMC não tem qualquer efeito no curto prazo e tem baixas chances de reverter essas tarifas, mesmo no longo prazo.\u003C\u002Fp>\u003Cp>O IPCA de junho, divulgado em 10 de julho, surpreendeu para baixo ao subir apenas 0,16% (ante 0,58% em maio e consenso de 0,31%), na menor leitura desde outubro\u002F25, levando o acumulado em doze meses de 4,72% para 4,64%. O resultado foi favorecido pela queda de 0,24% em alimentação e bebidas e por energia elétrica residencial mais comportada. Já o IPCA-15 de julho, prévia da inflação oficial, avançou somente 0,06% (ante 0,41% em junho e consenso ao redor de 0,19%), com o acumulado em doze meses cedendo de 4,80% para 4,52%. A pressão concentrou-se em habitação (energia elétrica residencial +3,03%, refletindo a bandeira tarifária amarela e reajustes de distribuidoras), enquanto alimentação e bebidas recuaram 0,66%.\u003C\u002Fp>\u003Cp>A composição mais benigna da inflação reforça o cenário de retomada do afrouxamento monetário. Não houve reunião do Copom em julho, que se reúne nos dias 4-5 de agosto. Os dados de inflação mais benignos levaram a curva a termo a precificar cerca de 90% de probabilidade de novo corte de 0,25 p.p. em agosto. Na mais recente pesquisa Focus, a mediana para a Selic ao final de 2026 encontra-se em 13,75% (0,25% abaixo da pesquisa anterior) e, para 2027, em 12,00%, enquanto a projeção de IPCA para 2026 recuou para a região de 5,03%, em quedas semanais sucessivas (5,12% na pesquisa anterior).\u003C\u002Fp>\u003Cp>No mercado doméstico, a curva de juros ganhou inclinação ao longo de julho. Na ponta curta, o contrato de DI para janeiro de 2027 fechou cerca de 20 bps, refletindo a precificação de novo corte da Selic, encerrando o mês ao redor de 13,81%. Os vértices intermediários ficaram praticamente estáveis (DI jan\u002F2029 em torno de 14,13%), ao passo que a ponta longa abriu perto de 15 bps (DI jan\u002F2031 próximo de 14,39%), pressionada pelo risco fiscal, pelo cenário eleitoral e pela alta dos Treasuries. A curva de juros reais (IPCA) seguiu embutindo prêmios elevados em toda a sua extensão.\u003C\u002Fp>\u003Cp>No universo dos FIIs, o resultado do Ifix em julho foi de -0,3%, acumulando alta de 1,1% em 2026, Os destaques negativos do mês foram os segmentos de Escritórios (-1,7%), Multiestratégia (-1,3%) e Varejo (-0,7%).\u003C\u002Fp>\u003Ch3>Performance e Posicionamento\u003C\u002Fh3>\u003Cp>Em julho, o resultado do fundo foi em linha com a média do primeiro semestre e a distribuição de dividendos também voltou ao mesmo patamar recorrente de 0,092\u002Fcota. Para esse semestre, a equipe de gestão reforça seu empenho na estabilidade e previsibilidade da distribuição e rendimentos.\u003C\u002Fp>\u003Cp>Neste mês, fizemos a alocação no CRI Chaincorp. Trata-se de operação para financiamento de obras de dois empreendimentos residenciais no bairro do\u003C\u002Fp>\u003Cp>Jardim São Paulo, na capital paulista. A taxa de aquisição foi de CDI+4,0% e o volume aportado nessa primeira tranche foi de R$1,2 milhões. Novos aportes serão realizados conforme a obra avança.\u003C\u002Fp>\u003Cp>O CRI TPPF teve um de seus pagamentos mensais atrasado em relação à data de vencimento. A devedora efetuou o pagamento com alguns dias de atraso, mas o episódio levou ao vencimento da operação, uma vez que essa previa prazo de cura de apenas um dia. Os titulares do CRI endereçaram o tema subsequentemente em assembleia e a situação de vencimento foi revertida. O terminal portuário passou por um momento desafiador, tendo enfrentado restrições de calado por conta de falta de dragagem no canal de acesso (de responsabilidade da autoridade portuária). Essa questão já foi endereçada e o calado foi reestabelecido. Seguimos acompanhando de perto as movimentações no porto devido à disrupção do mercado transoceânico diante do cenário geopolítico, em especial na cadeia de fertilizantes. A operação conta com garantia real que cobre o saldo devedor em 143,5% (valor de venda forçada de laudo).\u003C\u002Fp>\u003Ch3>Distribuição de Dividendos\u003C\u002Fh3>\u003Cp>O \u003Cstrong>resultado do fundo foi de R$ 0,096\u002Fcota\u003C\u002Fstrong> versus uma \u003Cstrong>distribuição de R$0,092\u002Fcota.\u003C\u002Fstrong> Isso representa um \u003Cstrong>yield mensal de 1,17%*\u003C\u002Fstrong>, e equivale a \u003Cstrong>114,36%** do rendimento do CDI\u003C\u002Fstrong> no mesmo período. Com isso a \u003Cstrong>reserva acumulada é de R$0,096\u002Fcota.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Tabela de Sensibilidade\u003C\u002Fh3>\u003Cp>\u003Cstrong>Tabela de Sensibilidade – Parte Alocada em CRIs de Carrego\u003C\u002Fstrong>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Yield IPCA+ da Carteira\u003C\u002Fth>\u003Cth>Spread NTNB+\u003C\u002Fth>\u003Cth>P\u002FVP\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>7,30\u003C\u002Ftd>\u003Ctd>18,70%\u003C\u002Ftd>\u003Ctd>9,62%\u003C\u002Ftd>\u003Ctd>0,78\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,40\u003C\u002Ftd>\u003Ctd>18,34%\u003C\u002Ftd>\u003Ctd>9,28%\u003C\u002Ftd>\u003Ctd>0,80\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,50\u003C\u002Ftd>\u003Ctd>17,97%\u003C\u002Ftd>\u003Ctd>8,94%\u003C\u002Ftd>\u003Ctd>0,81\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,60\u003C\u002Ftd>\u003Ctd>17,60%\u003C\u002Ftd>\u003Ctd>8,61%\u003C\u002Ftd>\u003Ctd>0,82\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,70\u003C\u002Ftd>\u003Ctd>17,23%\u003C\u002Ftd>\u003Ctd>8,27%\u003C\u002Ftd>\u003Ctd>0,83\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,80\u003C\u002Ftd>\u003Ctd>16,87%\u003C\u002Ftd>\u003Ctd>7,93%\u003C\u002Ftd>\u003Ctd>0,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,90\u003C\u002Ftd>\u003Ctd>16,50%\u003C\u002Ftd>\u003Ctd>7,59%\u003C\u002Ftd>\u003Ctd>0,85\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,00\u003C\u002Ftd>\u003Ctd>16,13%\u003C\u002Ftd>\u003Ctd>7,25%\u003C\u002Ftd>\u003Ctd>0,86\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,10\u003C\u002Ftd>\u003Ctd>15,76%\u003C\u002Ftd>\u003Ctd>6,91%\u003C\u002Ftd>\u003Ctd>0,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,20\u003C\u002Ftd>\u003Ctd>15,40%\u003C\u002Ftd>\u003Ctd>6,57%\u003C\u002Ftd>\u003Ctd>0,88\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,30\u003C\u002Ftd>\u003Ctd>15,03%\u003C\u002Ftd>\u003Ctd>6,23%\u003C\u002Ftd>\u003Ctd>0,89\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Paramis Hedge Fund PMIS11 – Demonstrativo de Resultados\u003C\u002Fh3>\u003Cp>\u003Cstrong>DRE\u003C\u002Fstrong>\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>(R$ '000)\u003C\u002Ftd>\u003Ctd>ago\u002F25\u003C\u002Ftd>\u003Ctd>set\u002F25\u003C\u002Ftd>\u003Ctd>out\u002F25\u003C\u002Ftd>\u003Ctd>nov\u002F25\u003C\u002Ftd>\u003Ctd>dez\u002F25\u003C\u002Ftd>\u003Ctd>jan\u002F26\u003C\u002Ftd>\u003Ctd>fev\u002F26\u003C\u002Ftd>\u003Ctd>mar\u002F26\u003C\u002Ftd>\u003Ctd>abr\u002F26\u003C\u002Ftd>\u003Ctd>mai\u002F26\u003C\u002Ftd>\u003Ctd>jun\u002F26\u003C\u002Ftd>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>Acumulado 12M\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas\u003C\u002Ftd>\u003Ctd>1.551\u003C\u002Ftd>\u003Ctd>1.683\u003C\u002Ftd>\u003Ctd>1.598\u003C\u002Ftd>\u003Ctd>1.701\u003C\u002Ftd>\u003Ctd>1.661\u003C\u002Ftd>\u003Ctd>1.553\u003C\u002Ftd>\u003Ctd>1.485\u003C\u002Ftd>\u003Ctd>1.590\u003C\u002Ftd>\u003Ctd>1.878\u003C\u002Ftd>\u003Ctd>1.608\u003C\u002Ftd>\u003Ctd>1.619\u003C\u002Ftd>\u003Ctd>1.608\u003C\u002Ftd>\u003Ctd>19.534\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"14\">CRI 1.270 1.235 1.172 1.400 1.294 1.100 1.080 1.247 1.483 1.274 1.288 1.252 15.095 FII 132 129 130 129 130 225 184 156 148 160 156 199 1.878 Aplicações Financeiras 148 319 297 172 236 228 220 141 247 175 150 157 2.491 Ganho de Capital 1 - - - - - - 46 - - 24 - 70\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas\u003C\u002Ftd>\u003Ctd>(152)\u003C\u002Ftd>\u003Ctd>(134)\u003C\u002Ftd>\u003Ctd>(141)\u003C\u002Ftd>\u003Ctd>(164)\u003C\u002Ftd>\u003Ctd>(155)\u003C\u002Ftd>\u003Ctd>(210)\u003C\u002Ftd>\u003Ctd>(167)\u003C\u002Ftd>\u003Ctd>(156)\u003C\u002Ftd>\u003Ctd>(179)\u003C\u002Ftd>\u003Ctd>(187)\u003C\u002Ftd>\u003Ctd>(161)\u003C\u002Ftd>\u003Ctd>(189)\u003C\u002Ftd>\u003Ctd>-1.994\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"14\">Taxas de Adm e Gestão (123) (107) (113) (120) (98) (118) (103) (100) (113) (107) (106) (109) -1.320 Outras Depesas (29) (27) (27) (44) (57) (92) (64) (55) (65) (80) (55) (79) -674\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado\u003C\u002Ftd>\u003Ctd>1.399\u003C\u002Ftd>\u003Ctd>1.549\u003C\u002Ftd>\u003Ctd>1.458\u003C\u002Ftd>\u003Ctd>1.537\u003C\u002Ftd>\u003Ctd>1.506\u003C\u002Ftd>\u003Ctd>1.342\u003C\u002Ftd>\u003Ctd>1.318\u003C\u002Ftd>\u003Ctd>1.434\u003C\u002Ftd>\u003Ctd>1.700\u003C\u002Ftd>\u003Ctd>1.421\u003C\u002Ftd>\u003Ctd>1.458\u003C\u002Ftd>\u003Ctd>1.419\u003C\u002Ftd>\u003Ctd>17.540\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"14\">Distribuição 1.362 1.362 1.362 1.362 1.702 1.362 1.362 1.362 1.362 1.362 1.466 1.362 16.787 Reserva 38 187 96 175 (197) (20) (44) 72 338 59 (8) 57 1.340*\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado por Cota\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003Ctd>0,105\u003C\u002Ftd>\u003Ctd>0,098\u003C\u002Ftd>\u003Ctd>0,104\u003C\u002Ftd>\u003Ctd>0,102\u003C\u002Ftd>\u003Ctd>0,091\u003C\u002Ftd>\u003Ctd>0,089\u003C\u002Ftd>\u003Ctd>0,097\u003C\u002Ftd>\u003Ctd>0,115\u003C\u002Ftd>\u003Ctd>0,096\u003C\u002Ftd>\u003Ctd>0,098\u003C\u002Ftd>\u003Ctd>0,096\u003C\u002Ftd>\u003Ctd>1,185\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição por Cota\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,115\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,099\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>1,134\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reserva por Cota\u003C\u002Ftd>\u003Ctd>0,003\u003C\u002Ftd>\u003Ctd>0,013\u003C\u002Ftd>\u003Ctd>0,006\u003C\u002Ftd>\u003Ctd>0,012\u003C\u002Ftd>\u003Ctd>(0,013)\u003C\u002Ftd>\u003Ctd>(0,001)\u003C\u002Ftd>\u003Ctd>(0,003)\u003C\u002Ftd>\u003Ctd>0,005\u003C\u002Ftd>\u003Ctd>0,023\u003C\u002Ftd>\u003Ctd>0,004\u003C\u002Ftd>\u003Ctd>(0,001)\u003C\u002Ftd>\u003Ctd>0,004\u003C\u002Ftd>\u003Ctd>0,096*\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Resultado por Cota\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_4_chart_5.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Estratégia de Alocação\u003C\u002Fh3>\u003Cp>O PMIS 11 é um Hedge Fund com flexibilidade para explorar diversas classes de investimento de natureza imobiliária, de acordo com as melhores oportunidades do momento. Nossa alocação terá um foco maior em CRIs e FIIs aproveitando o momento favorável de mercado e explorando possibilidades tanto no mercado primário quanto no secundário como, por exemplo, os preços descontados de alguns FIIs que possuem carteiras sólidas e diversificadas. Como parte da estratégia, também iremos reservar fração do book para operações de CRI e FII com objetivo de ganho de capital no curto prazo. Isso implica que manteremos parcela do nosso PL em caixa deliberadamente.\u003C\u002Fp>\u003Ch3>CRI CARREGO\u003C\u002Fh3>\u003Cp>CRIs com perfil de risco majoritariamente conservador\u002Fmoderado.\u003C\u002Fp>\u003Ch3>FII CARREGO\u003C\u002Fh3>\u003Cp>Fundos imobiliários que apresentam boas perspectivas de rendimentos no médio\u002Flongo prazo\u003C\u002Fp>\u003Cp>\u003Cstrong>CRI GANHO DE CAPITAL\u003C\u002Fstrong> Papéis que apresentam potencial ganho de curto prazo\u003C\u002Fp>\u003Cp>\u003Cstrong>FII GANHO DE CAPITAL\u003C\u002Fstrong> FIIs com desconto significativo em relação ao seu valor patrimonial, visando ganhos de curto prazo\u003C\u002Fp>\u003Ch3>OUTRAS ESTRATÉGIAS\u003C\u002Fh3>\u003Cp>Oportunidades de mercado e originação\u002Festruturação própria envolvendo outros ativos financeiros de natureza imobiliária, tais como, Debênture, LCI, LH, cotas de SPE, entre outros.\u003C\u002Fp>\u003Cp>POLÍTICA DE ALOCAÇÃO TARGET\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_5_chart_12.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Visão Geral da Carteira\u003C\u002Fh3>\u003Cp>Composição Atual do PL - %\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>Estratégia\u003C\u002Ftd>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>Indexador\u003C\u002Ftd>\u003Ctd>Tx. MtM Média\u003C\u002Ftd>\u003Ctd>% PL\u003C\u002Ftd>\u003Ctd>Duration Médio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"6\">Carrego CRI IPCA 10,9% 54,9% 3,7 Carrego CRI CDI 4,3% 17,8% 2,2 Carrego FII - - 11,4% - Ganho de Capital CRI e FII - - 0,0% - Caixa Aplicações Financeiras %CDI 100%-IR 17,3% -\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Composição Atual do PL – R$ mm\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_6_chart_5.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Visão Geral da Carteira de CRI\u003C\u002Fh3>\u003Ch3>Foco em Diversificação\u003C\u002Fh3>\u003Cp>Ao total o fundo possui \u003Cstrong>34 operações\u003C\u002Fstrong>, compondo uma carteira com as seguintes características:\u003C\u002Fp>\u003Cp>POR INDEXADOR (TAXAS MTM)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_7_chart_5.jpg\">\u003C\u002Fp>\u003Cp>POR DURATION\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_7_chart_7.jpg\">\u003C\u002Fp>\u003Cp>POR DEVEDOR (% PL Total)\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd rowspan=\"4\">Outros; 19,9%\u003C\u002Ftd>\u003Ctd rowspan=\"4\">Pulverizado; 18,0%\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Shopping Metrô Itaquera; 5,1%\u003C\u002Ftd>\u003Ctd>São Benedito; 3,2%\u003C\u002Ftd>\u003Ctd>Roldão; 2,8%\u003C\u002Ftd>\u003Ctd>Ânima; 2,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"2\">OPI Malls; 3,0%\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Safer\u002FLoyola; 2,7%\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Shopping Pátio Roraima; 2,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"2\">Indepy; 3,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Brookfield; 2,8%\u003C\u002Ftd>\u003Ctd>TPPF; 2,5%\u003C\u002Ftd>\u003Ctd>Shopping Jaraguá; 2,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>POR SECURITIZADORA\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_7_chart_11.jpg\">\u003C\u002Fp>\u003Cp>POR LTV\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_7_chart_13.jpg\">\u003C\u002Fp>\u003Cp>DISTRIBUIÇÃO POR SETOR (% PL Total)\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Portfólio de CRI\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código IF\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Tx. Aquisição\u003C\u002Fth>\u003Cth>Tx. MTM\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>Duration\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Principais Garantias\u003C\u002Fth>\u003Cth>PL (R$ mm)\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>Shopping Metrô Itaquera\u003C\u002Ftd>\u003Ctd>24C1526928\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,11%\u003C\u002Ftd>\u003Ctd>9,65%\u003C\u002Ftd>\u003Ctd>mar\u002F39\u003C\u002Ftd>\u003Ctd>5,3\u003C\u002Ftd>\u003Ctd>35%\u003C\u002Ftd>\u003Ctd>AF, CF e Aval\u003C\u002Ftd>\u003Ctd>7,1\u003C\u002Ftd>\u003Ctd>5,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>Outlet Premium Imigrantes\u003C\u002Ftd>\u003Ctd>23G2239867\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>9,18%\u003C\u002Ftd>\u003Ctd>jul\u002F38\u003C\u002Ftd>\u003Ctd>4,9\u003C\u002Ftd>\u003Ctd>50%\u003C\u002Ftd>\u003Ctd>AF, CF, FR, Aval e Seguros\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>FGR\u003C\u002Ftd>\u003Ctd>24E2453531\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>9,72%\u003C\u002Ftd>\u003Ctd>jun\u002F41\u003C\u002Ftd>\u003Ctd>5,9\u003C\u002Ftd>\u003Ctd>64%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>Brookfield\u003C\u002Ftd>\u003Ctd>22G0282333\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>10,52%\u003C\u002Ftd>\u003Ctd>jul\u002F27\u003C\u002Ftd>\u003Ctd>0,9\u003C\u002Ftd>\u003Ctd>63%\u003C\u002Ftd>\u003Ctd>AF e CF\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>Roldão\u003C\u002Ftd>\u003Ctd>24A2579147\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>10,31%\u003C\u002Ftd>\u003Ctd>jan\u002F34\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>42%\u003C\u002Ftd>\u003Ctd>AF, Fiança e FR\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>Ânima\u003C\u002Ftd>\u003Ctd>25L4519316\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>10,80%\u003C\u002Ftd>\u003Ctd>11,04%\u003C\u002Ftd>\u003Ctd>dez\u002F34\u003C\u002Ftd>\u003Ctd>3,6\u003C\u002Ftd>\u003Ctd>53%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval, Fiança e FR\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>Artis\u003C\u002Ftd>\u003Ctd>26D0303109\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>12,30%\u003C\u002Ftd>\u003Ctd>13,49%\u003C\u002Ftd>\u003Ctd>mar\u002F29\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>60%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>Colmeia\u003C\u002Ftd>\u003Ctd>23I2111373\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>13,00%\u003C\u002Ftd>\u003Ctd>13,67%\u003C\u002Ftd>\u003Ctd>set\u002F27\u003C\u002Ftd>\u003Ctd>1,0\u003C\u002Ftd>\u003Ctd>30%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>TPPF\u003C\u002Ftd>\u003Ctd>23A1610639\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>10,84%\u003C\u002Ftd>\u003Ctd>12,47%\u003C\u002Ftd>\u003Ctd>dez\u002F32\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>70%\u003C\u002Ftd>\u003Ctd>AF, CF e FR\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>Pátio Roraima\u003C\u002Ftd>\u003Ctd>22H1579450\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>7,60%\u003C\u002Ftd>\u003Ctd>11,22%\u003C\u002Ftd>\u003Ctd>ago\u002F34\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003Ctd>23%\u003C\u002Ftd>\u003Ctd>AF, CF e FR\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>11\u003C\u002Ftd>\u003Ctd>Shopping Jaraguá\u003C\u002Ftd>\u003Ctd>13F0056986\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,45%\u003C\u002Ftd>\u003Ctd>9,11%\u003C\u002Ftd>\u003Ctd>dez\u002F35\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>76%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>Postos Aldo\u003C\u002Ftd>\u003Ctd>24H0031235\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,98%\u003C\u002Ftd>\u003Ctd>12,55%\u003C\u002Ftd>\u003Ctd>ago\u002F34\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003Ctd>70%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>13\u003C\u002Ftd>\u003Ctd>CSN\u003C\u002Ftd>\u003Ctd>23D1515316\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>7,50%\u003C\u002Ftd>\u003Ctd>8,53%\u003C\u002Ftd>\u003Ctd>abr\u002F42\u003C\u002Ftd>\u003Ctd>6,3\u003C\u002Ftd>\u003Ctd>50%\u003C\u002Ftd>\u003Ctd>AF e Fiança\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>2,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>14\u003C\u002Ftd>\u003Ctd>Mega Moda\u003C\u002Ftd>\u003Ctd>22L1668408\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>8,15%\u003C\u002Ftd>\u003Ctd>8,96%\u003C\u002Ftd>\u003Ctd>dez\u002F34\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>48%\u003C\u002Ftd>\u003Ctd>AF, CF e Aval\u003C\u002Ftd>\u003Ctd>2,8\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>15\u003C\u002Ftd>\u003Ctd>Brasol\u003C\u002Ftd>\u003Ctd>23K2617033\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>13,41%\u003C\u002Ftd>\u003Ctd>jul\u002F34\u003C\u002Ftd>\u003Ctd>3,3\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>AF, CF e FR\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>16\u003C\u002Ftd>\u003Ctd>Assaí GIC\u003C\u002Ftd>\u003Ctd>22F1357736\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>7,20%\u003C\u002Ftd>\u003Ctd>8,78%\u003C\u002Ftd>\u003Ctd>abr\u002F34\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003Ctd>60%\u003C\u002Ftd>\u003Ctd>AF\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003Ctd>1,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>17\u003C\u002Ftd>\u003Ctd>Elleven Energy\u003C\u002Ftd>\u003Ctd>23L2510336\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>11,50%\u003C\u002Ftd>\u003Ctd>14,61%\u003C\u002Ftd>\u003Ctd>dez\u002F38\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>AF, CF, FR e Seguros\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>18\u003C\u002Ftd>\u003Ctd>FGR II\u003C\u002Ftd>\u003Ctd>24I2268708\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>10,35%\u003C\u002Ftd>\u003Ctd>set\u002F41\u003C\u002Ftd>\u003Ctd>5,9\u003C\u002Ftd>\u003Ctd>22%\u003C\u002Ftd>\u003Ctd>AF, CF, FR e Aval\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>1,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>HGRU Makro\u003C\u002Ftd>\u003Ctd>21 L0666509\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>7,45%\u003C\u002Ftd>\u003Ctd>7,38%\u003C\u002Ftd>\u003Ctd>dez\u002F31\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>58%\u003C\u002Ftd>\u003Ctd>AF e CF\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>Urba Mezanino\u003C\u002Ftd>\u003Ctd>23L1199759\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>11,78%\u003C\u002Ftd>\u003Ctd>abr\u002F33\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>CF e FR\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>CRI HGLG11\u003C\u002Ftd>\u003Ctd>19A0093844\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>7,50%\u003C\u002Ftd>\u003Ctd>10,62%\u003C\u002Ftd>\u003Ctd>jan\u002F31\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003Ctd>19%\u003C\u002Ftd>\u003Ctd>AF e CF\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>22\u003C\u002Ftd>\u003Ctd>MRV Flex\u003C\u002Ftd>\u003Ctd>23I1230828\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,85%\u003C\u002Ftd>\u003Ctd>12,97%\u003C\u002Ftd>\u003Ctd>out\u002F33\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>86%\u003C\u002Ftd>\u003Ctd>AF e FR\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>Galleria Bank\u003C\u002Ftd>\u003Ctd>23K0022065\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,43%\u003C\u002Ftd>\u003Ctd>11,51%\u003C\u002Ftd>\u003Ctd>ago\u002F38\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>34%\u003C\u002Ftd>\u003Ctd>AF e Seguro\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>24\u003C\u002Ftd>\u003Ctd>Galleria Bank II\u003C\u002Ftd>\u003Ctd>24B1404723\u003C\u002Ftd>\u003Ctd>IPCA+\u003C\u002Ftd>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>11,40%\u003C\u002Ftd>\u003Ctd>nov\u002F38\u003C\u002Ftd>\u003Ctd>2,9\u003C\u002Ftd>\u003Ctd>32%\u003C\u002Ftd>\u003Ctd>AF e Seguro\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>Indepy\u003C\u002Ftd>\u003Ctd>25K2707477\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>4,50%\u003C\u002Ftd>\u003Ctd>4,50%\u003C\u002Ftd>\u003Ctd>nov\u002F30\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>41%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>4,9\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>26\u003C\u002Ftd>\u003Ctd>Apeninos\u003C\u002Ftd>\u003Ctd>24K2830257\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>6,00%\u003C\u002Ftd>\u003Ctd>6,02%\u003C\u002Ftd>\u003Ctd>nov\u002F28\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>68%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>4,8\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>27\u003C\u002Ftd>\u003Ctd>São Benedito\u003C\u002Ftd>\u003Ctd>24C1693601\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>3,50%\u003C\u002Ftd>\u003Ctd>3,50%\u003C\u002Ftd>\u003Ctd>mar\u002F31\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>55%\u003C\u002Ftd>\u003Ctd>AF, CF e Aval\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>2,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>Arqos\u003C\u002Ftd>\u003Ctd>25E4068927\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>mai\u002F29\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>77%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>2,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>Casa Shopping\u003C\u002Ftd>\u003Ctd>22L1125977\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>2,75%\u003C\u002Ftd>\u003Ctd>2,75%\u003C\u002Ftd>\u003Ctd>dez\u002F32\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>50%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval e FR\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>1,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>Metrocasa\u003C\u002Ftd>\u003Ctd>25B2974587\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>5,00%\u003C\u002Ftd>\u003Ctd>5,00%\u003C\u002Ftd>\u003Ctd>mar\u002F35\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>CF, FR e Aval\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>31\u003C\u002Ftd>\u003Ctd>MRV Pró Soluto\u003C\u002Ftd>\u003Ctd>22L1198360\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>2,99%\u003C\u002Ftd>\u003Ctd>dez\u002F27\u003C\u002Ftd>\u003Ctd>1,2\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>FR e Seguro\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>Chaincorp\u003C\u002Ftd>\u003Ctd>26C6324469\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>jun\u002F28\u003C\u002Ftd>\u003Ctd>1,6\u003C\u002Ftd>\u003Ctd>74%\u003C\u002Ftd>\u003Ctd>AF, CF, Aval, Fiança e FR\u003C\u002Ftd>\u003Ctd>1,2\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>33\u003C\u002Ftd>\u003Ctd>FII São Benedito***\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>4,25%\u003C\u002Ftd>\u003Ctd>4,25%\u003C\u002Ftd>\u003Ctd>out\u002F29\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>65%\u003C\u002Ftd>\u003Ctd>AF, CF e Aval\u003C\u002Ftd>\u003Ctd>1,0\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>34\u003C\u002Ftd>\u003Ctd>FII Helbor*** IPCA\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>3,50%9,40%\u003C\u002Ftd>\u003Ctd>3,50%10,86%\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-3,7\u003C\u002Ftd>\u003Ctd>-45%\u003C\u002Ftd>\u003Ctd>AF, CF e Aval\u003C\u002Ftd>\u003Ctd>0,575,6\u003C\u002Ftd>\u003Ctd>0,4%54,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>4,32%\u003C\u002Ftd>\u003Ctd>4,32%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003Ctd>46%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>24,5\u003C\u002Ftd>\u003Ctd>17,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>3,3\u003C\u002Ftd>\u003Ctd>45%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>100,1\u003C\u002Ftd>\u003Ctd>72,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Paramis Hedge Fund PMIS11 – Portfólio de FII e Caixa\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>#\u003C\u002Fth>\u003Cth>Fundo\u003C\u002Fth>\u003Cth>Gestão\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>Setor\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>CPTS11\u003C\u002Ftd>\u003Ctd>Capitânia\u003C\u002Ftd>\u003Ctd>Carrego\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>KDLG11\u003C\u002Ftd>\u003Ctd>Kinea\u003C\u002Ftd>\u003Ctd>Carrego\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>2,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>RZTR11\u003C\u002Ftd>\u003Ctd>Riza\u003C\u002Ftd>\u003Ctd>Carrego\u003C\u002Ftd>\u003Ctd>Agro\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>RBRR11\u003C\u002Ftd>\u003Ctd>RBR\u003C\u002Ftd>\u003Ctd>Carrego\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>ASRF11\u003C\u002Ftd>\u003Ctd>Daycoval\u003C\u002Ftd>\u003Ctd>Carrego\u003C\u002Ftd>\u003Ctd>Lajes Corporativas\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>TRXF11\u003C\u002Ftd>\u003Ctd>TRX\u003C\u002Ftd>\u003Ctd>Tático\u003C\u002Ftd>\u003Ctd>Renda Urbana\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>TGAR11\u003C\u002Ftd>\u003Ctd>TG Core\u003C\u002Ftd>\u003Ctd>Tático\u003C\u002Ftd>\u003Ctd>Híbrido\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>ICRI11\u003C\u002Ftd>\u003Ctd>Itaú\u003C\u002Ftd>\u003Ctd>Tático\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>BCIA11\u003C\u002Ftd>\u003Ctd>Bradesco\u003C\u002Ftd>\u003Ctd>Tático\u003C\u002Ftd>\u003Ctd>Fof\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>TRBL11\u003C\u002Ftd>\u003Ctd>Rio Bravo\u003C\u002Ftd>\u003Ctd>Tático\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>11\u003C\u002Ftd>\u003Ctd>ITRI11\u003C\u002Ftd>\u003Ctd>Itaú\u003C\u002Ftd>\u003Ctd>Tático\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>Outros FIIs\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd>Tático\u003C\u002Ftd>\u003Ctd>Diversos\u003C\u002Ftd>\u003Ctd><0,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>Rendimento\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Fundo de Zeragem\u003C\u002Ftd>\u003Ctd>Caixa\u002FLiquidez\u003C\u002Ftd>\u003Ctd>100% CDI - IR\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LFT\u003C\u002Ftd>\u003Ctd>Caixa\u002FLiquidez\u003C\u002Ftd>\u003Ctd>Selic\u003C\u002Ftd>\u003Ctd>5,52%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fundo Caixa\u003C\u002Ftd>\u003Ctd>Caixa\u002FLiquidez\u003C\u002Ftd>\u003Ctd>CDI+0,2%\u003C\u002Ftd>\u003Ctd>0,36%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Compromissada\u003C\u002Ftd>\u003Ctd>Caixa\u002FLiquidez\u003C\u002Ftd>\u003Ctd>95% CDI\u003C\u002Ftd>\u003Ctd>3,22%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Casa Shopping\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>22L1125977\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,7%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Casa Shopping\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+2,75%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>50%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F32\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>HGRU Makro\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>21 L0666509\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,8%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Makro\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+7,45%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>58%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F31\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>MRV Pró Soluto\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>22L1198360\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,1%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>MRV\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+3,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>1,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F27\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>O devedor da operação é o Casa Shopping, localizado no Rio de Janeiro. A operação conta com CF dos recebíveis dos aluguéis das lojas, com obrigação de substituição de contratos caso o índice de cobertura das PMTs fique abaixo de 1,2x.\u003C\u002Fp>\u003Cp>Operação para alavancar compra de 10 imóveis do Grupo Makro Atacadista (vendedor) pelo FII HGRU11 (comprador). As principais garantias são as AF dos imóveis e CF dos recebíveis de aluguéis de todos os supermercados envolvidos na transação.\u003C\u002Fp>\u003Cp>Emissão lastreada em cessão de carteira pulverizada de recebíveis pró-soluto com mais de 8 mil contratos de diversos estados. A operação conta com fundo de reserva de 10% do saldo devedor, com seguro e obrigação da MRV para sua recomposição durante toda a duração do CRI.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_10_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_10_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_10_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Assaí GIC\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>22F1357736\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,9%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Assaí\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+7,20%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>60%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>abr\u002F34\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Ânima\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>25L4519316\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,8%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Ânima\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+10,80%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>53%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F34\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Mega Moda\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>22L1668408\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,1%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Mega Moda\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+8,15%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>48%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F34\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRI lastreado em contratos de locação atípicos entre o Grupo Assaí e o Barzel Retail Fundo de Investimento Imobiliário. O fundo é detentor de 17 imóveis que serão locados pelo Grupo Assaí.\u003C\u002Fp>\u003Cp>Operação de cessão de recebíveis de aluguéis de dois imóveis localizados nas cidades de Guanambi e Brumado, na Bahia. Tratase de contratos atípicos locados para centros universitários da UniFG, e que contam com fiança da Ânima Holding SA (rating AA.br pela Moody's) cobrindo todo o saldo devedor do CRI.\u003C\u002Fp>\u003Cp>O devedor da operação é o Mega Moda, localizado em Goiânia. A operação conta com LTV de aproximadamente 50%, além da cessão dos recebíveis de aluguéis das lojas.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_11_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_11_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_11_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Ch3>Brookfield\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>22G0282333\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,8%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+8,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>63%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>1,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>jul\u002F27\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Subordinada\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRI HGLG11\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>19A0093844\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,6%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>HGLG11\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+7,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>19%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>jan\u002F31\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>MRV Flex\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23I1230828\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,4%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+9,85%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>86%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>out\u002F33\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Operação para alavancagem da compra de lajes corporativas detidos pela BR Properties (vendedor) pela Brookfield (comprador). Os imóveis estão localizados majoritariamente em regiões premium na cidade de São Paulo e outras capitais.\u003C\u002Fp>\u003Cp>Operação lastreada por contratos de locação atípicos de dois galpões logísticos, localizados na Rodovia Fernão Dias - SP, e detidos originalmente pelo Fundo de Investimentos Imobiliários Vinci Logístico - VILG11. Em novembro de 2025, os ativos foram adquiridos pelo fundo Patria Log – Fundo De Investimento Imobiliário – Responsabilidade Limitada – HGLG11, que assumiu o papel de devedor do CRI.\u003C\u002Fp>\u003Cp>Emissão lastreada na cessão de carteira de recebíveis pulverizada originada através de venda de unidades residenciais, focada em clientes de baixa renda. A operação conta com coobrigação da MRV para distratos durante o período de obras e alienação fiduciária das unidades pós habite-se.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_12_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_12_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_12_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Pátio Roraima\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF: 22H1579450\u003C\u002Fth>\u003Cth>% PL: 2,5%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Shopping Pátio\u003C\u002Ftd>\u003Ctd>Taxa de\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>IPCA+7,60%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Roraima\u003C\u002Ftd>\u003Ctd>Aquisição:\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV: 23%\u003C\u002Ftd>\u003Ctd>Duration: 3,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento: ago\u002F34\u003C\u002Ftd>\u003Ctd>Série: Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Colmeia\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código B3:\u003C\u002Fth>\u003Cth>23I2111373\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,0%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Colmeia\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+13,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>30%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>1,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Set\u002F27\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>FII Helbor Unidades Autônomas\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código B3:\u003C\u002Fth>\u003Cth>IDFI11\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>0,4%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Helbor\u003C\u002Ftd>\u003Ctd>Rentabilidade\u003C\u002Ftd>\u003Ctd>CDI+3,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>O devedor da operação é o Shopping Pátio Roraima, localizado em Boa Vista\u002FRR. A operação conta com AF de fração do Shopping, além de CF dos recebíveis dos aluguéis das lojas.\u003C\u002Fp>\u003Cp>Operação estruturada originalmente para conclusão de edifício residencial de alto padrão localizado em Adrianópolis, bairro nobre de Manaus\u002FAM. Na data da aquisição do ativo pelo fundo, o empreendimento desenvolvido pela incorporadora Colméia já estava com as obras concluídas e 61% de vendas. O CRI conta com 331% de razão de garantias sobre o saldo devedor remanescente, que incluem a AF das unidades em estoque e a CF dos recebíveis da carteira de unidades vendidas relativas ao empreendimento alvo, além de estoque pronto e recebíveis de taxa de administração da obra de outros empreendimentos da incorporadora.\u003C\u002Fp>\u003Cp>FII com a estrutura similar a um CRI de estoque de unidades residenciais. O Fundo utiliza os recursos captados para adquirir unidades de empreendimentos verticais de alto padrão localizados majoritariamente na cidade de São Paulo e garantindo uma rentabilidade mensal, à título de prêmio, com aval da Helbor. Caso as unidades não sejam vendidas até uma data limite, as SPEs ainda possuem obrigação de recompra com coobrigação da Helbor.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_13_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_13_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_13_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>25E4068927\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,7%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Arqos\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+4,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>77%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>mai\u002F29\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Galleria Bank I e II\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23K0022065\u002F24B1404723\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,9%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+9,43%\u002FIPCA+9,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>33%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,5 e 3,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>ago\u002F38 e nov\u002F28\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Urba\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23L1199759\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,9%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+9,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>abr\u002F33\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Mezanino\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRI para financiamento a obras de empreendimento de alto padrão localizado na região de Alphaville\u002FSP e desenvolvido pela incorporadora Arqos. A operação conta com as seguintes garantias: AF do imóvel objeto do empreendimento, CF dos recebíveis das vendas passadas e futuras, Aval dos sócios a ainda a AF de dois terrenos adjacentes avaliados em R$50 mm.\u003C\u002Fp>\u003Cp>Cessão de carteira de recebíveis de operações de Home Equity (empréstimos com imóvel em garantia) originadas pelo Galleria Bank.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_14_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_14_image_10.jpg\">\u003C\u002Fp>\u003Cp>Série mezanino de CRI (50% subordinação) lastreado em créditos imobiliários orginados da venda de unidades residenciais de loteamentos desenvolvidos pela Urba, que é uma companhia de desenvolvimento urbano do grupo MRV.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_14_image_12.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Shopping Jaraguá\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd>Código IF:\u003C\u002Ftd>\u003Ctd>13F0056986\u003C\u002Ftd>\u003Ctd>% PL:\u003C\u002Ftd>\u003Ctd>2,4%\u003C\u002Ftd>\u003Ctd rowspan=\"4\">Operação cuja garantia é o Park Shopping Jaraguá do Sul,localizado em Jaraguá do Sul, SC.Em 2022, o ativo foi adquiridopelo Grupo Partage, um dos principais players do setor. Nomomento da aquisição do CRI, o histórico operacional recente temapresentado melhoras expressivas, com redução na vacância eaumento do NOI. As principais garantas da operação são a AF doShopping, CF dos recebíveis das lojas e do estacionamento, Fiançado Ġrupo Partage e AF das quotas da SPE detentora do ativo.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Shopping Jaraguá\u003C\u002Ftd>\u003Ctd>Taxa deAquisição:\u003C\u002Ftd>\u003Ctd>IPCA+9,45%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>76%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F35\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23A1610639\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,5%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>TPPF\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+10,84%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>69%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F32\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23D1515316\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,2%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>CSN\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+7,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>50%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>6,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>abr\u002F42\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>CRI para financiamento de obras de expansão do terminal portuário da Ponta do Felix (TPPF), em Paranaguá-PR. A operação conta com cessão de recebíveis de contratos Take-or-Pay firmados com empresas dos setores de cereais e de exportação de commodities.\u003C\u002Fp>\u003Cp>Emissão lastreada em contrato de locação atípico com a CSN S.A. uma das maiores companhias do setor de siderurgia da América Latina. O imóvel está localizado em região industrial no interior de São Paulo.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_15_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_15_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_15_image_10.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Elleven Energy\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23L2510336\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,9%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+11,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>4,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>dez\u002F38\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23K2617033\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,0%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+10,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>jul\u002F34\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Outlet Premium Imigrantes\u003C\u002Fp>\u003Cp>Operação para financiar desenvolvimento de 3 usinas fotovoltaicas. A operação conta com 20% de subordinação e, além das garantias usuais, como AF do direito real de uso de superfícies e fundos de reservas, obras e despesas, a operação conta com cláusula de Step-In no contrato que garante à Brasol o direito de comercializar a energia gerada em caso de default.\u003C\u002Fp>\u003Cp>Operação para financiar desenvolvimento de 2 usinas fotovoltaicas. A energia será comercializada pela Matrix Energia, uma das maiores empresas do segmento de GD com faturamento de R$ 2,4bi e uma base de clientes bastante pulverizada.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_16_image_8.jpg\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>23G2239867\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>3,1%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Taxa de\u003C\u002Ftd>\u003Ctd>CRI para financiamento de obras de expansão do Outlet Premium\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>OPI Malls\u003C\u002Ftd>\u003Ctd>Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+8,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Imigrantes, localizado em São Bernardo do Campo, no ABC paulista. As obras já foram concluídas e a nova área se encontra\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>50%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>5,0 operacional.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>jul\u002F38\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_16_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_16_image_11.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Apeninos\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>24K2830257\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>3,5%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+6,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>68%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Nov\u002F28\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Roldão\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>24A2579147\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,8%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Roldão\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+8,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>42%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>jan\u002F34\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Postos Aldo\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>24H0031235\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,3%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Grupo Aldo\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+9,98%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>70%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Ago\u002F34\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Operação para financiar compra de terreno para desenvolvimento de empreendimento residencial de médio alto padrão no bairro do Paraíso, em São Paulo. As principais garantias da operação são: cessão fiduciária dos recebíveis oriundos das unidades vendidas, alienação fiduciária do terreno, alienação fiduciária de quotas da SPE, promessa de alienação fiduciária de unidades residenciais do empreendimento alvo e aval dos sócios PJ e PF.\u003C\u002Fp>\u003Cp>CRI para antecipação de fluxo de contrato BTS cujo inquilino é o Roldão Atacadista. O imóvel objeto da operação está localizado na cidade de São Paulo. Em maio\u002F25 as obras foram finalizadas e a loja já está operacional. Além de AF do imóvel e da CF dos recebíveis do contrato de aluguel com o Roldão, a operação também conta com coobrigação dos cedentes e fiança dos proprietários.\u003C\u002Fp>\u003Cp>O devedor da operação é o Grupo Aldo, que iniciou suas operações como posto de gasolina em 1966, e atualmente possui 17 de postos em 7 estados. Os recursos do CRI serão utilizados para a construção de quatro novas unidades, e conta como garantias a AF de imóveis com razão de 143% sobre o saldo devedor considerando o valor de liquidação forçada, além da cessão de recebíveis de contratos de aluguéis para o pagamento das PMTs mensais.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_17_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_17_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_17_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Shopping Metrô Itaquera\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>24C1526928\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>5,2%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Shopping Metrô Itaquera\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+9,11%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>35%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>5,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>mar\u002F39\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>São Benedito\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>24C1693601\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,4%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>São Benedito\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+3,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>55%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>mar\u002F31\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>26D0303109\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,7%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Safer\u002FLoyola\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+12,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Mar\u002F29\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Operação para antecipar o repasse de pagamento da concessão da operação do Shopping Metro Itaquera. O SMI é uma das principais referências comerciais da zona leste da cidade de São Paulo, registrando +23 milhões de visitantes\u002Fano. O CRI conta com cessão fiduciária dos recebíveis do Shopping, do estacionamento e da rodoviária, além da alienação fiduciária do direito de uso de superfície.\u003C\u002Fp>\u003Cp>CRI emitido pela São Benedito, uma das principais incorporadoras da região Centro-Oeste do país. A operação conta com uma robusta estrutura de garantias que inclui a alienação fiduciária de dois galpões logísticos localizados em Cuiabá, além da cessão fiduciária dos recebíveis de dois empreendimentos residenciais de alto padrão localizados na mesma região.\u003C\u002Fp>\u003Cp>Operação para financiamento de obras de empreendimento residencial em Salvador\u002FBA. No momento da aquisição, o empreendimento apresentava 96% das unidades vendidas e 38% das obras realizadas.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_18_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_18_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_18_image_12.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Ch3>FGR\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código IF:\u003C\u002Fth>\u003Cth>24E2453531\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>2,9%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+9,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>64%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>6,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Jun\u002F41\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>FGR II\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código B3:\u003C\u002Fth>\u003Cth>24I2268708\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,9%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>IPCA+ 10,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>70%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>6,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Set\u002F41\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>FII São Benedito\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código B3:\u003C\u002Fth>\u003Cth>-\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>0,7%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>São Benedito\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+4,25%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>65%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Out\u002F29\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Cessão de carteira de recebíveis de loteamento realizado pela FGR Incorporações, empresa com extenso histórico no segmento de condomínios fechados com 44 empreendimentos lançados. O condomínio, localizado no Distrito Federal, já está com as obras concluídas e encontra-se 95% vendido.\u003C\u002Fp>\u003Cp>Operação para término de obras de loteamento desenvolvido pela FGR Incorporações. O condomínio Jardins Berlim, localizado em Goiânia, possuirá 599 lotes e está 98% vendido. O CRI conta com cessão da carteira de recebíveis (com promessa de alienação fiduciária dos lotes individualizados) obedecendo uma razão de garantia mínima de 140% sobre o saldo devedor.\u003C\u002Fp>\u003Cp>FII estruturado de forma semelhante a um CRI de estoque de unidades residenciais. O fundo emprega os recursos captados na aquisição de unidades em empreendimentos residenciais localizados em Cuiabá, e garante uma rentabilidade mensal à título de prêmio, com aval da São Benedito. Caso as unidades não sejam vendidas até uma data limite, as SPEs ainda possuem a obrigação de recompra, com a coobrigação da São Benedito.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_19_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_19_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_19_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>Metrocasa\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código B3:\u003C\u002Fth>\u003Cth>25B2974587\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>1,3%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Metrocasa\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+5,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Mar\u002F35\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>FII Daycoval Retrofits\u003C\u002Fp>\u003Cp>Indepy\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código B3:\u003C\u002Fth>\u003Cth>25K2707477\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>3,5%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Indepy\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+4,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>41%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>nov\u002F30\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Cessão de carteira de recebíveis pró-soluto de diversos empreendimentos MCMV da construtora Metrocasa, localizados principalmente no estado de São Paulo. A operação conta como principais garantias: (i) Fundo de Reserva de 6% do valor de emissão; (ii) Cota Subordinada de 36% do volume de emissão; (iii) Aval da Metrocasa e seus sócios PJ e PF.\u003C\u002Fp>\u003Cp>FII negociado em bolsa de prazo determinado e focado na revitalização de um prédio residencial no bairro da Vila Mariana, em São Paulo. O projeto se encontra no início da fase de vendas e com obras avançadas, e a expectativa é de que o investimento se encerre dentro do ano de 2026, a depender da velocidade de vendas e das condições de mercado.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_20_image_9.jpg\">\u003C\u002Fp>\u003Cp>CRI corporativo com a Indepy, uma incorporadora residencial com atuação focada em bairros nobres de São Paulo. A operação conta com uma robusta estrutura de garantias que inclui a AF de unidades em estoque de empreendimento no bairro do Higienópolis além de um terreno em Pompéia destinado a um futuro lançamento.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_20_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_20_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_20_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Paramis Hedge Fund PMIS11 – Detalhamento dos Ativos\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Código B3:\u003C\u002Fth>\u003Cth>26C6324469\u003C\u002Fth>\u003Cth>% PL:\u003C\u002Fth>\u003Cth>0,9%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Taxa de\u003C\u002Ftd>\u003Ctd>Operação destinada ao término de obras de dois empreendimentos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Devedor:\u003C\u002Ftd>\u003Ctd>Chaincorp\u003C\u002Ftd>\u003Ctd>Aquisição:\u003C\u002Ftd>\u003Ctd>CDI+4,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>residenciais de médio padrão no bairro Jardim São Paulo, zona norte da capital. Além das garantias usuais, o CRI conta com cota\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LTV:\u003C\u002Ftd>\u003Ctd>74%\u003C\u002Ftd>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>1,6subordinada como proteção adicional.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>Jun\u002F28\u003C\u002Ftd>\u003Ctd>Série:\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_21_image_3.jpg\">\u003C\u002Fp>\u003Ch3>PARAMIS\u003C\u002Fh3>\u003Ch3>CAPITAL\u003C\u002Fh3>\u003Cp>O \u003Cstrong>Grupo Paramis Capital\u003C\u002Fstrong> foi fundado no ano de 2007 no Rio de Janeiro por executivos do mercado financeiro e de capitais. A empresa possui como foco a estruturação de operações financeiras de equity e dívida para diversos setores, com maior foco no \u003Cstrong>setor imobiliário e agro.\u003C\u002Fstrong> Sua equipe é formada por profissionais com experiência no mercado de capitais e imobiliário.\u003C\u002Fp>\u003Cp>Durante seus \u003Cstrong>18 anos de atuação,\u003C\u002Fstrong> o Grupo já originou e estruturou mais de \u003Cstrong>R$ 4,7 bilhões\u003C\u002Fstrong> em operações de mercado de capitais que foram investidas principalmente por \u003Cstrong>diversos players locais como family offices, asset managements, bancos e outros investidores institucionais.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_22_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+ R$ 4,7 Bilhões\u003C\u002Fstrong> em Operações Realizadas\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_22_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>24 Estados\u003C\u002Fstrong> Abrangência Nacional\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_22_image_8.jpg\">\u003C\u002Fp>\u003Cp>18 Anos Gerando Valor\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_22_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+ 100 Operações\u003C\u002Fstrong> Concretizadas\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_22_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>+ R$ 2 Bilhões\u003C\u002Fstrong> Sob Gestão em Fundos \u003Cstrong>+ 30 Colaboradores\u003C\u002Fstrong> com presença no RJ e SP\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F16517\u002Fpage_22_image_14.jpg\">\u003C\u002Fp>\u003Cp>Conheça mais sobre a Paramis e outras estratégias de gestão da casa:\u003C\u002Fp>\u003Cp>\u003Cu>https:\u002F\u002Fparamis.com.br\u003C\u002Fu>\u003C\u002Fp>\u003Ch3>PARAMIS CAPITAL\u003C\u002Fh3>\u003Cp>E-mail para contato: ri@paramis.com.br\u003C\u002Fp>\u003Cp>\u003Cstrong>Rio de Janeiro\u003C\u002Fstrong> Rua Lauro Muller, 116 Sala 3305 I Botafogo I RJ CEP 22290-972\u003C\u002Fp>\u003Cp>\u003Cstrong>São Paulo\u003C\u002Fstrong> Rua Gomes de Carvalho, 1069 12° andar | Vila Olímpia CEP 04547-004\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FPMIS11\u002Fdocumentos\u002F16517\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1280695","2026-07-31","2026-08-07 20:27:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":88},"Relatório Gerencial PMIS11 de julho de 2026 | Kartac","Relatório Gerencial de julho de 2026 do PMIS11 (Paramis Hedge Fund), entrega em 07\u002F08\u002F2026. DY 12 meses de 15,73% e P\u002FVP 0,77 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPMIS11\u002Fdocumentos\u002F16517","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,59,74],{"@type":25,"@id":26,"name":27,"url":28,"logo":29},"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":31,"@id":32,"name":27,"url":28,"inLanguage":33,"publisher":34},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":26},{"@type":36,"@id":37,"url":19,"name":17,"description":18,"inLanguage":33,"isPartOf":38,"dateModified":39,"mainEntity":40,"breadcrumb":42},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPMIS11\u002Fdocumentos\u002F16517#pagina",{"@id":32},"2026-11-01",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPMIS11\u002Fdocumentos\u002F16517#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPMIS11\u002Fdocumentos\u002F16517#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"temporalCoverage":50,"author":51,"publisher":57,"isBasedOn":12},"Report","Relatório Gerencial PMIS11 de julho de 2026",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPMIS11#fundo","2026-08-07","2026-07",{"@type":25,"name":52,"identifier":53},"PARAMIS BR INVESTIMENTOS LTDA",{"@type":54,"propertyID":55,"value":56},"PropertyValue","CNPJ","12.417.157\u002F0001-04",{"@type":25,"name":58},"XP INVESTIMENTOS CORRETORA DE CÂMBIO, TÍTULOS E VAL MOB S\u002FA",{"@type":60,"@id":48,"name":61,"alternateName":62,"url":65,"category":66,"identifier":67,"provider":72},"InvestmentFund","Paramis Hedge Fund",[63,64],"PMIS11","PARAMIS HEDGE FUND FUNDO DE INVESTIMENTO IMOBILIÁRIO - FII RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPMIS11","Papel",[68,70],{"@type":54,"propertyID":69,"value":63},"Ticker B3",{"@type":54,"propertyID":55,"value":71},"51.868.778\u002F0001-58",{"@type":25,"name":52,"identifier":73},{"@type":54,"propertyID":55,"value":56},{"@type":75,"@id":43,"itemListElement":76},"BreadcrumbList",[77,80,84,86],{"@type":78,"position":15,"name":79,"item":28},"ListItem","Início",{"@type":78,"position":81,"name":82,"item":83},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":78,"position":85,"name":63,"item":65},3,{"@type":78,"position":87,"name":5,"item":19},4,{"atualizado_em":89,"frases":90},"2026-11-05",[91,92,93,94,95],"Relatório Gerencial do Paramis Hedge Fund (PMIS11), fundo imobiliário de papel, referente a julho de 2026, com entrega no FundosNet (B3) em 07\u002F08\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do PMIS11 fechou a R$ 7,21, com P\u002FVP de 0,77 (valor patrimonial de R$ 9,40 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,092 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 15,73% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 139,2 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":97,"empresa":98,"gestor":102,"cotacoes":108,"patrimonio":218,"vpa":219,"p_vpa":220,"tipo_gestao":221,"mandato":222,"segmento":223,"categoria":66,"grupo":66,"preco_atual":216,"cotacao_atualizada_em":224,"ultima_variacao_cotacao_24h":225,"variacao_cotacao_7d":226,"variacao_cotacao_1m":227,"variacao_cotacao_3m":228,"variacao_cotacao_6m":229,"variacao_cotacao_12m":230,"vacancia_fisica":222,"liquidez_atual":231,"ultimo_dividendo":232,"ultimo_dividend_yield":233,"mes_pagamento_ultimo_dividendo":234,"dividend_yield_3m":235,"dividend_yield_6m":236,"dividend_yield_12m":237,"dividend_yield_medio_12m":238,"qtd_dividendos_pagos_ano_passado":239,"data_ultima_cotacao":214,"pregoes_com_negocio_21":240,"alertas":241,"updated_at":242,"liquidez_media_reais":243,"administrador":58,"taxa_administracao_paga":244,"balanco":245,"resultado_distribuido":252,"publico_alvo":257,"mercados_negociacao_cotas":258,"data_funcionamento":261,"data_final":222,"quantidade_cotas":262,"quantidade_cotistas":263,"detalhes_cotistas":264,"total_investido":268,"investimentos_fundo":269,"imoveis":273,"contratos":222,"custodiante":275,"auditor_independente":282,"formador_mercado":222,"distribuidor_cotas":222,"consultor_especializado":222,"administrador_locacoes":222,"relatorio_anual":288,"analise_administrador":291},821,{"nome":64,"nome_simplificado":99,"nome_comercial":61,"ticker":63,"nome_ticker":100,"nome_pregao":101,"cnpj":71},"PARAMIS HEDGE FUND   RESPONSABILIDADE LIMITADA","PMIS11 - PARAMIS HEDGE FUND FUNDO DE INVESTIMENTO IMOBILIÁRIO - FII RESPONSABILIDADE LIMITADA","FII PMIS",{"id":103,"nome":52,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},237,"12417157000104","Rua Lauro Muller, 116, Sala 3305, Botafogo, Rio de Janeiro\u002FRJ CEP 22290-906","(21) 3043-0761","2026-10-03T19:35:17.000000Z",[109,115,121,126,131,135,140,146,152,156,162,168,172,178,184,189,194,200,206,212],{"id":110,"data":111,"abertura":112,"ultimo":113,"volume":114},3288842,"2026-10-06",7.6,7.65,31108,{"id":116,"data":117,"abertura":118,"ultimo":119,"volume":120},3289720,"2026-10-07",7.68,7.85,16691,{"id":122,"data":123,"abertura":119,"ultimo":124,"volume":125},3290468,"2026-10-08",7.81,9843,{"id":127,"data":128,"abertura":124,"ultimo":129,"volume":130},3291180,"2026-10-09",7.82,14473,{"id":132,"data":133,"abertura":129,"ultimo":119,"volume":134},3357071,"2026-10-13",7550,{"id":136,"data":137,"abertura":129,"ultimo":138,"volume":139},3375751,"2026-10-14",7.92,48897,{"id":141,"data":142,"abertura":143,"ultimo":144,"volume":145},3376580,"2026-10-15",7.95,8.04,34716,{"id":147,"data":148,"abertura":149,"ultimo":150,"volume":151},3377031,"2026-10-16",8.05,7.96,7496,{"id":153,"data":154,"abertura":138,"ultimo":138,"volume":155},3445168,"2026-10-19",8585,{"id":157,"data":158,"abertura":159,"ultimo":160,"volume":161},3446691,"2026-10-20",7.98,8,7972,{"id":163,"data":164,"abertura":165,"ultimo":166,"volume":167},3459366,"2026-10-21",7.94,7.97,15406,{"id":169,"data":170,"abertura":143,"ultimo":160,"volume":171},3473756,"2026-10-22",34247,{"id":173,"data":174,"abertura":175,"ultimo":176,"volume":177},3488264,"2026-10-23",8.01,8.06,40487,{"id":179,"data":180,"abertura":181,"ultimo":182,"volume":183},3566284,"2026-10-26",7.9,7.55,75188,{"id":185,"data":186,"abertura":182,"ultimo":187,"volume":188},3580252,"2026-10-27",7.48,10209,{"id":190,"data":191,"abertura":182,"ultimo":192,"volume":193},3594079,"2026-10-28",7.39,200717,{"id":195,"data":196,"abertura":197,"ultimo":198,"volume":199},3609165,"2026-10-29",7.5,7.36,9198,{"id":201,"data":202,"abertura":203,"ultimo":204,"volume":205},3624801,"2026-10-30",7.4,7.35,12337,{"id":207,"data":208,"abertura":209,"ultimo":210,"volume":211},3682051,"2026-11-03",7.26,7.16,13892,{"id":213,"data":214,"abertura":215,"ultimo":216,"volume":217},3695744,"2026-11-04",7.14,7.21,8463,139159000.12,9.4,"0.77","Ativa",null,"Outros","2026-11-05 09:00","0.0070","-0.0204","-0.0575","-0.0661","-0.0965","-0.0756",86,"0.0920","0.0125","Nov\u002F2026","0.0383","0.0775","0.1573","0.0118",12,21,[],"05\u002F11\u002F2026 08:01",231409.5,0.000857006253518887,{"data_referencia":246,"ativo":247,"passivo":248,"obrigacoes_imoveis":249,"obrigacoes_securitizacao":249,"liquidez":250,"valores_receber":251},"2026-09-01",140674369.04,1515368.92,0,22300962.27,217208.18,{"data_referencia":253,"resultado":254,"rendimentos":255,"percentual":256},"2026-06-30",8848363.39,8275012.8405,0.9352026443502565,"Investidores em Geral",[259,260],"Bolsa","MBO","2023-08-18",14803242,6208,{"Pessoa Física":265,"Pessoa jurídica não financeira":266,"Outros fundos de investimento":267,"Fundos de investimento imobiliário":160,"Investidores não residentes":81,"Entidade aberta de previdência complementar":81,"Banco Comercial":15,"Outras pessoas jurídicas financeiras":15,"Outros tipos de cotistas não relacionados":15},6145,37,11,118156198.59,{"CRI \u002F CRA":270,"Cotas de FIIs":271,"Ações de sociedades imobiliárias":272},101596980.99,13510524.75,3048692.85,{"vacancia_total":249,"lista_imoveis":274,"data_referencia":253,"vacancia_suspeita":11},[],{"id":276,"nome":277,"cnpj":278,"endereco":279,"telefone":280,"created_at":281,"updated_at":281},28,"Oliveira Trust DTVM S.A.","36113876000191","Cidade do Rio de Janeiro, Estado do Rio de Janeiro, na Avenida das América, n.º 3.434, bloco 07, Sala 201, Barra da Tijuca, cep: 22640-102","(21) 3514 - 0000","2026-10-03T18:51:45.000000Z",{"id":85,"nome":283,"cnpj":284,"endereco":285,"telefone":286,"created_at":287,"updated_at":287},"PRICEWATERHOUSECOOPERS AUDITORES INDEPENDENTES LTDA.","61562112000120","Avenida Brigadeiro Faria Lima, 3732, Edifício B32, 16º andar - Itaim Bibi, São Paulo - SP, 04538-132","(11) 4004-8000","2026-06-07T17:17:20.000000Z",{"ano_referencia":289,"data_disponibilizacao":290},"2026","2026-09-27",{"ResultadoFundo":292,"ConjunturaEconomica":293,"PerspectivaPeriodoSeguinte":294},"No ano, o resultado gerado pelas carteira de ativos do fundo foi de R$ 0,119\u002Fcota, o que na visão do gestor é aderente aos objetivos de rentabilidade projetados no ano anterior e às condições de mercado ao longo do período.","No período analisado, a inflação desacelerou no segundo semestre de 2025. A partir de março de 2026, porém, o conflito no Oriente Médio pressionou os preços de combustíveis e alimentos, e o IPCA em 12 meses chegou a superar o teto da meta, encerrando junho em 4,64%. O Relatório Focus de 10 de agosto de 2026 projeta um IPCA de 5,02% para 2026 e de 4,20% para 2027. O Copom manteve a Selic em 15,00% ao ano até março de 2026, quando iniciou um ciclo gradual de cortes, e a taxa encerrou o período em 14,25%, com projeção de 13,75% ao fim de 2026 e de 12,00% ao fim de 2027. No mercado imobiliário, a atividade se manteve resiliente apesar dos juros elevados. O segmento econômico, apoiado pelo Minha Casa, Minha Vida, sustentou o crescimento de lançamentos e vendas, enquanto o médio e alto padrão sentiu mais o custo do crédito. O financiamento imobiliário cresceu 23% no primeiro semestre de 2026, mas a captação negativa da poupança reforça a importância do mercado de capitais como fonte de funding para o setor. A Gestora avalia que a flexibilização monetária tende a melhorar gradualmente as condições de crédito e demanda, e seguirá priorizando operações com garantias robustas e devedores com sólida capacidade de pagamento.","Segundo o Relatório Focus do Banco Central, divulgado em 10 de agosto de 2026, a mediana das projeções dos economistas de mercado indica um IPCA de 5,02% em 2026 e de 4,20% em 2027. As expectativas seguem acima do teto da meta, pressionadas pelos efeitos do conflito no Oriente Médio sobre combustíveis e alimentos. O Copom iniciou em março de 2026 um ciclo gradual de redução da Selic, que encerrou o período em 14,25% ao ano. As expectativas de mercado apontam para uma taxa de 13,75% ao final de 2026 e de 12,00% ao término de 2027. Nesse cenário, a parcela pós-fixada do fundo deve continuar se beneficiando de juros ainda elevados, embora em patamar gradualmente menor. Já a parcela atrelada ao IPCA tende a contribuir positivamente para a rentabilidade, dada a expectativa de inflação ainda pressionada no curto prazo."]