[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:PORD11:4722":3,"seo:\u002Fdetalhes\u002FPORD11\u002Fdocumentos\u002F4722":16,"fii-documento:PORD11":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},4722,"(PORD) Relatório Gerencial - 31\u002F12\u002F2025","Relatório Gerencial","Relatórios","(Ativo)","\u003Cp>CARTA \u003Cstrong>MENSAL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro\u002F2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>PORD11 Polo Crédito Imobiliário FII\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_0_image_3.jpg\">\u003C\u002Fp>\u003Ch2>POLO CRÉDITO IMOBILIÁRIO FII\u003C\u002Fh2>\u003Cp>Código de negociação:\u003C\u002Fp>\u003Cp>\u003Cstrong>PORD11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro\u002F2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>VALOR DE MERCADO DO FUNDO\u003C\u002Fstrong> R$\u003Cstrong>303,9 MM\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_1_image_5.jpg\">\u003C\u002Fp>\u003Cp>DURATION \u003Cstrong>3.11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_1_image_7.jpg\">\u003C\u002Fp>\u003Ch3>Distribuição de Dividendos\u003C\u002Fh3>\u003Cp>O fundo realizou distribuição de R$ 0,102 por cota referente à competência de Dezembro\u002F25. Nos últimos doze meses, a distribuição somou R$ 1,131 por cota, equivalente a um dividend yield de 13,88% ao ano (cota base R$ 8,15) ou IPCA + 8,79% (IPCA + 11,12% com o Gross Up de IR) considerando um duration de 3 anos. Esse dividend yield foi calculado com base na variação acumulada do IPCA (outubro\u002F25). \u003Cstrong>Vale destacar que o Fundo possui R$ 0,053 por cota de inflação acumulada ainda não distribuídos, além de um saldo não distribuído de R$ 0,018 por cota.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro\u002F2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch2>Panorama Macro\u003C\u002Fh2>\u003Cp>No cenário internacional, o período recente continuou marcado pelo arrefecimento do mercado de trabalho nos Estados Unidos, apesar de a atividade econômica ter se mantido resiliente, o que embasou a decisão do Fed de reduzir novamente os juros em 25 bps em dezembro. A decisão mais recente foi acompanhada de comunicação mais cautelosa, sugerindo que o comitê aguardará por mais clareza antes de fazer novos ajustes na taxa de juros. A expectativa do mercado é que a autoridade monetária reduza os juros em mais 50 bps ao longo de 2026, porém ainda há pouca clareza acerca do momento exato dos novos ajustes.\u003C\u002Fp>\u003Cp>No cenário doméstico, a atividade econômica continuou a dar sinais de desaceleração, refletindo em parte a transmissão dos efeitos da política monetária contracionista à economia real. Apesar disso, o mercado de trabalho permaneceu resiliente: a taxa de desocupação retomou a mínima histórica e os salários continuaram mostrando crescimento. Nesse contexto, o Copom manteve postura cautelosa na última reunião do ano, optando por manter a Selic inalterada e por demonstrar firmeza na manutenção da política monetária restritiva. A ata da última reunião de 2025 reduziu as chances de início do ciclo de flexibilização monetária já em janeiro de 2026, de modo que o mercado passou a precificar um primeiro corte de 25 bps apenas em março.\u003C\u002Fp>\u003Cp>O IPCA de dezembro tornou a acelerar em relação ao mês anterior (+0,33% m\u002Fm), ficando em linha com as estimativas de mercado. Com o resultado, a inflação acumulada em 12 meses desacelerou de +4,5% para +4,3%, fechando 2025 ainda acima da meta, embora dentro do intervalo de tolerância. No entanto, a desaceleração mostrou composição mais desfavorável dos núcleos, com aceleração de bens industriais subjacentes (+0,53% m\u002Fm) e de serviços subjacentes (+0,56% m\u002Fm). A média dos núcleos de inflação, por sua vez, desacelerou de +4,7% para +4,6% a\u002Fa. Com o resultado de dezembro, o mercado continuará atento à dinâmica de inflação nos próximos meses para avaliar a evolução do cenário macroeconômico e seus impactos na condução da política monetária.\u003C\u002Fp>\u003Ch2>Comentários da Gestão\u003C\u002Fh2>\u003Cp>O ano de 2025 foi bastante positivo para os fundos imobiliários de forma geral, com uma valorização do IFIX de 21.1% no acumulado do ano. Olhando o segmento específico de fundos de papel essa alta ficou em torno de 19%. O PORD11 apresentou uma performance mais moderada no período, com valorização de 3,82%, mantendo um nível de desconto em relação ao valor patrimonial superior à média do segmento. Atualmente, enquanto o desconto médio do segmento gira em torno de 5%, o PORD11 negocia com desconto próximo de 16%, o que pode abrir espaço para uma convergência ao longo do tempo.\u003C\u002Fp>\u003Cp>Já o divident yield LTM para o segmento dos FIIs de papel está em 13.6% enquanto o PORD o dividend yield LTM é de 14.03%.\u003C\u002Fp>\u003Cp>Enxergamos um outlook positivo para o ano, temos um pipeline interessante de operações estruturadas para o PORD e seguimos o movimento de aquisições oportunísticas no mercado secundário. Ao longo de dezembro e início de janeiro fizemos um aumento de exposição no CRI Hapvida, com vencimento em 2031 a uma taxa de IPCA + 10.7% levando a exposição a 1.75%. Também fizemos incrementos marginais em outras posições.\u003C\u002Fp>\u003Cp>Com relação ao CRI Novo Mundo a operação segue em amortização como já detalhado nas cartas anteriores, com redução de 1.55% da exposição em dezembro e 1.41% adicionais em janeiro.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_4_image_3.jpg\">\u003C\u002Fp>\u003Ch2>Análise de Sensibilidade\u003C\u002Fh2>\u003Cp>As tabelas abaixo simulam o retorno médio, \u003Cstrong>exclusivamente\u003C\u002Fstrong>, da carteira de CRI precificada a mercado (“MTM”) em relação a determinados preços de valor de mercado da cota do fundo e do equivalente à cota patrimonial do fechamento do mês. Os valores apresentados não representam promessa, garantia de rentabilidade ou isenções de risco para o cotista.\u003C\u002Fp>\u003Cp>CARTEIRA COMPLETA DE CRI*\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd colspan=\"2\">Carrego equivalente em IPCA+\u003C\u002Ftd>\u003Ctd colspan=\"2\">Carrego equivalente em CDI+\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Preço de\u003C\u002Ftd>\u003Ctd>Carteira CRI\u003C\u002Ftd>\u003Ctd>Carteira CRI\u003C\u002Ftd>\u003Ctd>Carteira CRI\u003C\u002Ftd>\u003Ctd>Carteira CRI\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mercado\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>- Tx Adm.\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>- Tx Adm.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 7.85\u003C\u002Ftd>\u003Ctd>18.17%\u003C\u002Ftd>\u003Ctd>17.22%\u003C\u002Ftd>\u003Ctd>9.55%\u003C\u002Ftd>\u003Ctd>8.66%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 7.90\u003C\u002Ftd>\u003Ctd>17.93%\u003C\u002Ftd>\u003Ctd>16.98%\u003C\u002Ftd>\u003Ctd>9.33%\u003C\u002Ftd>\u003Ctd>8.44%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 7.95\u003C\u002Ftd>\u003Ctd>17.69%\u003C\u002Ftd>\u003Ctd>16.74%\u003C\u002Ftd>\u003Ctd>9.11%\u003C\u002Ftd>\u003Ctd>8.22%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.00\u003C\u002Ftd>\u003Ctd>17.46%\u003C\u002Ftd>\u003Ctd>16.51%\u003C\u002Ftd>\u003Ctd>8.89%\u003C\u002Ftd>\u003Ctd>8.00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.05\u003C\u002Ftd>\u003Ctd>17.22%\u003C\u002Ftd>\u003Ctd>16.27%\u003C\u002Ftd>\u003Ctd>8.67%\u003C\u002Ftd>\u003Ctd>7.79%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.10\u003C\u002Ftd>\u003Ctd>16.99%\u003C\u002Ftd>\u003Ctd>16.04%\u003C\u002Ftd>\u003Ctd>8.45%\u003C\u002Ftd>\u003Ctd>7.57%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor da cota a Mercado em 31\u002Fdez R$ 8.15\u003C\u002Ftd>\u003Ctd>16.76%\u003C\u002Ftd>\u003Ctd>15.81%\u003C\u002Ftd>\u003Ctd>8.24%\u003C\u002Ftd>\u003Ctd>7.36%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.20\u003C\u002Ftd>\u003Ctd>16.53%\u003C\u002Ftd>\u003Ctd>15.59%\u003C\u002Ftd>\u003Ctd>8.03%\u003C\u002Ftd>\u003Ctd>7.15%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.25\u003C\u002Ftd>\u003Ctd>16.30%\u003C\u002Ftd>\u003Ctd>15.36%\u003C\u002Ftd>\u003Ctd>7.82%\u003C\u002Ftd>\u003Ctd>6.94%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.30\u003C\u002Ftd>\u003Ctd>16.08%\u003C\u002Ftd>\u003Ctd>15.14%\u003C\u002Ftd>\u003Ctd>7.61%\u003C\u002Ftd>\u003Ctd>6.74%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.35\u003C\u002Ftd>\u003Ctd>15.85%\u003C\u002Ftd>\u003Ctd>14.91%\u003C\u002Ftd>\u003Ctd>7.40%\u003C\u002Ftd>\u003Ctd>6.53%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.40\u003C\u002Ftd>\u003Ctd>15.63%\u003C\u002Ftd>\u003Ctd>14.69%\u003C\u002Ftd>\u003Ctd>7.19%\u003C\u002Ftd>\u003Ctd>6.33%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 8.45\u003C\u002Ftd>\u003Ctd>15.41%Carrego\u003C\u002Ftd>\u003Ctd>14.48%equivalente na cota p\u003C\u002Ftd>\u003Ctd>6.99%atrimonial\u003C\u002Ftd>\u003Ctd>6.12%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>R$ 9.54\u003C\u002Ftd>\u003Ctd>11.01%\u003C\u002Ftd>\u003Ctd>10.11%\u003C\u002Ftd>\u003Ctd>2.91%\u003C\u002Ftd>\u003Ctd>2.01%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>*As informações acima representam apenas a rentabilidade da carteira de CRIs, desconsiderando o percentual do fundo alocado em caixa, FII ou em outros ativos.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_4_image_9.jpg\">\u003C\u002Fp>\u003Ch3>Rendimentos Mensais (últimos 12m)\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_4_chart_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_4_image_12.jpg\">\u003C\u002Fp>\u003Cp>Indexação da carteira de CRI\u003C\u002Fp>\u003Cp>As séries anteriores foram normalizadas após o desdobramento das cotas Fechamento do últ\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_4_image_15.jpg\">\u003C\u002Fp>\u003Cp>Indexação da Carteira\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_4_image_17.jpg\">\u003C\u002Fp>\u003Cp>MTM Médio por indexador (a.a)\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro\u002F2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_5_image_3.jpg\">\u003C\u002Fp>\u003Ch3>Performance\u003C\u002Fh3>\u003Ch3>Demonstrativo de Resultados\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>DEMONSTRATIVO DE RESULTADOS\u003C\u002Fth>\u003Cth>Dez-25\u003C\u002Fth>\u003Cth>Nov-25\u003C\u002Fth>\u003Cth>Out-25\u003C\u002Fth>\u003Cth>Acum. 2025\u003C\u002Fth>\u003Cth>6M\u003C\u002Fth>\u003Cth>12M\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Resultado Ativos\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI - Juros\u003C\u002Ftd>\u003Ctd>2,491,422\u003C\u002Ftd>\u003Ctd>2,796,764\u003C\u002Ftd>\u003Ctd>3,388,060\u003C\u002Ftd>\u003Ctd>31,799,895\u003C\u002Ftd>\u003Ctd>16,310,992\u003C\u002Ftd>\u003Ctd>31,799,895\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ganhos Realizados FII\u003C\u002Ftd>\u003Ctd>274,548\u003C\u002Ftd>\u003Ctd>711,778\u003C\u002Ftd>\u003Ctd>549,394\u003C\u002Ftd>\u003Ctd>4,901,857\u003C\u002Ftd>\u003Ctd>2,832,816\u003C\u002Ftd>\u003Ctd>4,901,857\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Debêntures - Juros\u003C\u002Ftd>\u003Ctd>77,794\u003C\u002Ftd>\u003Ctd>85,257\u003C\u002Ftd>\u003Ctd>74,066\u003C\u002Ftd>\u003Ctd>1,245,236\u003C\u002Ftd>\u003Ctd>807,104\u003C\u002Ftd>\u003Ctd>1,245,236\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Adiantamento de Operações\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>596,397\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>596,397\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Ativos\u003C\u002Ftd>\u003Ctd>2,843,765\u003C\u002Ftd>\u003Ctd>3,593,799\u003C\u002Ftd>\u003Ctd>4,011,520\u003C\u002Ftd>\u003Ctd>38,543,385\u003C\u002Ftd>\u003Ctd>19,950,912\u003C\u002Ftd>\u003Ctd>38,543,385\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Financeiro\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas Financeiras\u003C\u002Ftd>\u003Ctd>1,038,280\u003C\u002Ftd>\u003Ctd>860,232\u003C\u002Ftd>\u003Ctd>1,021,407\u003C\u002Ftd>\u003Ctd>10,653,580\u003C\u002Ftd>\u003Ctd>5,863,861\u003C\u002Ftd>\u003Ctd>10,653,580\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Financeiras\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Financeiro\u003C\u002Ftd>\u003Ctd>1,038,280\u003C\u002Ftd>\u003Ctd>860,232\u003C\u002Ftd>\u003Ctd>1,021,407\u003C\u002Ftd>\u003Ctd>10,653,580\u003C\u002Ftd>\u003Ctd>5,863,861\u003C\u002Ftd>\u003Ctd>10,653,580\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas do Fundo\u003C\u002Ftd>\u003Ctd>(568,348)\u003C\u002Ftd>\u003Ctd>(623,881)\u003C\u002Ftd>\u003Ctd>(640,329)\u003C\u002Ftd>\u003Ctd>(6,335,468)\u003C\u002Ftd>\u003Ctd>(3,636,044)\u003C\u002Ftd>\u003Ctd>(6,335,468)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Total\u003C\u002Ftd>\u003Ctd>3,313,697\u003C\u002Ftd>\u003Ctd>3,830,150\u003C\u002Ftd>\u003Ctd>4,392,598\u003C\u002Ftd>\u003Ctd>42,861,497\u003C\u002Ftd>\u003Ctd>22,178,730\u003C\u002Ftd>\u003Ctd>42,861,497\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rendimento Distribuído\u003C\u002Ftd>\u003Ctd>3,802,943\u003C\u002Ftd>\u003Ctd>3,802,943\u003C\u002Ftd>\u003Ctd>3,728,375\u003C\u002Ftd>\u003Ctd>42,167,921\u003C\u002Ftd>\u003Ctd>22,034,696\u003C\u002Ftd>\u003Ctd>42,167,921\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rendimento\u002FCota Total\u003C\u002Ftd>\u003Ctd>0.102\u003C\u002Ftd>\u003Ctd>0.102\u003C\u002Ftd>\u003Ctd>0.100\u003C\u002Ftd>\u003Ctd>1.131\u003C\u002Ftd>\u003Ctd>0.591\u003C\u002Ftd>\u003Ctd>1.131\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Acumulado Não distribuído Inicial\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1,152,811\u003C\u002Ftd>\u003Ctd>As distribuições anteriores foram normalizadas após o desdobramento das cotas ocorrido em março\u002F2024.\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>+ Resultado Total - Rendimentos distribuídos\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-489,245\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Acumulado Não distribuído Final\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>663,565\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_5_image_7.jpg\">\u003C\u002Fp>\u003Cp>Performance Acumulada\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Dezembro\u003C\u002Fth>\u003Cth>2025\u003C\u002Fth>\u003Cth>INÍCIO\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>FUNDO\u003C\u002Ftd>\u003Ctd>0,75%\u003C\u002Ftd>\u003Ctd>13,48%\u003C\u002Ftd>\u003Ctd>325,11%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Benchmark¹\u003C\u002Ftd>\u003Ctd>0,67%\u003C\u002Ftd>\u003Ctd>7,76%\u003C\u002Ftd>\u003Ctd>205,04%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_5_image_10.jpg\">\u003C\u002Fp>\u003Cp>Rentabilidade Efetiva vs IFIX\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_5_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_5_chart_13.jpg\">\u003C\u002Fp>\u003Cp>Histórico Distribuição por cota\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_5_chart_15.jpg\">\u003C\u002Fp>\u003Cp>ocorrido em março\u002F2024\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro\u002F2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Ativos em carteira\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código\u003C\u002Fth>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Tranche\u003C\u002Fth>\u003Cth>Devedor \u002F Cedente\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Taxa Emissão\u003C\u002Fth>\u003Cth>Taxa MTM\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>CRI Coteminas\u003C\u002Ftd>\u003Ctd>21G0785091\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Coteminas S.A.\u003C\u002Ftd>\u003Ctd>7.2%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9.25% a.a.\u003C\u002Ftd>\u003Ctd>12.68% a.a.\u003C\u002Ftd>\u003Ctd>jul'31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI OPY Health\u003C\u002Ftd>\u003Ctd>21 H0888186\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>ONM Health S.A.\u003C\u002Ftd>\u003Ctd>5.1%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7.36% a.a.\u003C\u002Ftd>\u003Ctd>8.55% a.a.\u003C\u002Ftd>\u003Ctd>ago'31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Arena MRV\u003C\u002Ftd>\u003Ctd>21 L0823062\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Arena MRV\u003C\u002Ftd>\u003Ctd>5.0%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>5.00% a.a.\u003C\u002Ftd>\u003Ctd>5.63% a.a.\u003C\u002Ftd>\u003Ctd>set'29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Cetilpark Senior\u003C\u002Ftd>\u003Ctd>24F1236375\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Cetilpark Residence Inc. Imob. SPE Ltda.\u003C\u002Ftd>\u003Ctd>4.7%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>5.20% a.a.\u003C\u002Ftd>\u003Ctd>5.20% a.a.\u003C\u002Ftd>\u003Ctd>jun'29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Allegra\u003C\u002Ftd>\u003Ctd>22D0378281\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Allegra Pacaembu SPE S.A.\u003C\u002Ftd>\u003Ctd>4.2%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>5.00% a.a.\u003C\u002Ftd>\u003Ctd>0.00% a.a.\u003C\u002Ftd>\u003Ctd>mar'27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI - Pro Soluto Sub CDI+\u003C\u002Ftd>\u003Ctd>23L1438691\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Mezanino\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>4.0%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>3.50% a.a.\u003C\u002Ftd>\u003Ctd>4.50% a.a.\u003C\u002Ftd>\u003Ctd>mar'32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI - PONTTE\u003C\u002Ftd>\u003Ctd>25C2809326\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>3.5%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9.50% a.a.\u003C\u002Ftd>\u003Ctd>9.38% a.a.\u003C\u002Ftd>\u003Ctd>nov'44\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Zircon\u003C\u002Ftd>\u003Ctd>25I3552761\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>3.1%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>4.00% a.a.\u003C\u002Ftd>\u003Ctd>4.00% a.a.\u003C\u002Ftd>\u003Ctd>jun'31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI SINART\u003C\u002Ftd>\u003Ctd>25E3766887\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>NTRS Novo Terminal Rodoviário de Salvador SPE Ltda.\u003C\u002Ftd>\u003Ctd>2.8%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10.50% a.a.\u003C\u002Ftd>\u003Ctd>10.70% a.a.\u003C\u002Ftd>\u003Ctd>mai'37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Smart Fit\u003C\u002Ftd>\u003Ctd>22J0344557\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Smart Fit\u003C\u002Ftd>\u003Ctd>2.5%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>1.50% a.a.\u003C\u002Ftd>\u003Ctd>0.77% a.a.\u003C\u002Ftd>\u003Ctd>out'29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Pátio Malzoni\u003C\u002Ftd>\u003Ctd>21I0931497\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>BCLA11\u003C\u002Ftd>\u003Ctd>2.4%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5.92% a.a.\u003C\u002Ftd>\u003Ctd>7.48% a.a.\u003C\u002Ftd>\u003Ctd>set'31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Pulverizado 414\u003C\u002Ftd>\u003Ctd>21 H1002745\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>1.8%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6.50% a.a.\u003C\u002Ftd>\u003Ctd>8.85% a.a.\u003C\u002Ftd>\u003Ctd>ago'31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI - Pro Soluto Sr IPCA+\u003C\u002Ftd>\u003Ctd>23L1438568\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>1.9%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7.90% a.a.\u003C\u002Ftd>\u003Ctd>12.36% a.a.\u003C\u002Ftd>\u003Ctd>dez'27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI - MRV FLEX II S1\u003C\u002Ftd>\u003Ctd>23I1230816\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>1.8%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8.25% a.a.\u003C\u002Ftd>\u003Ctd>9.03% a.a.\u003C\u002Ftd>\u003Ctd>mar'31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI - Pro Soluto II CDI+\u003C\u002Ftd>\u003Ctd>24K1682338\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>1.8%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>2.70% a.a.\u003C\u002Ftd>\u003Ctd>2.69% a.a.\u003C\u002Ftd>\u003Ctd>nov'30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Debênture - JHSF\u003C\u002Ftd>\u003Ctd>JHSFA3\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>JHSF Participações\u003C\u002Ftd>\u003Ctd>1.6%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>2.20% a.a.\u003C\u002Ftd>\u003Ctd>1.22% a.a.\u003C\u002Ftd>\u003Ctd>dez'27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Alphaville\u003C\u002Ftd>\u003Ctd>21G0856704\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Alphaville Urbanismo S.A\u003C\u002Ftd>\u003Ctd>1.6%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7.50% a.a.\u003C\u002Ftd>\u003Ctd>11.67% a.a.\u003C\u002Ftd>\u003Ctd>jul'27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Mamma Jamma\u003C\u002Ftd>\u003Ctd>22K1159009\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>G. Noz Empreendimentos Ltda.\u003C\u002Ftd>\u003Ctd>1.4%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>5.00% a.a.\u003C\u002Ftd>\u003Ctd>7.62% a.a.\u003C\u002Ftd>\u003Ctd>out'27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Youninc\u003C\u002Ftd>\u003Ctd>21 L0329277\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>You.Inc\u003C\u002Ftd>\u003Ctd>1.5%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>4.25% a.a.\u003C\u002Ftd>\u003Ctd>3.38% a.a.\u003C\u002Ftd>\u003Ctd>nov'26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Prestes\u003C\u002Ftd>\u003Ctd>21 H0950730\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Prestes S.A.\u003C\u002Ftd>\u003Ctd>1.3%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>6.00% a.a.\u003C\u002Ftd>\u003Ctd>6.00% a.a.\u003C\u002Ftd>\u003Ctd>out'26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Hapvida\u003C\u002Ftd>\u003Ctd>21 K0001812\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Hapvida Participações e Investimentos S.A.\u003C\u002Ftd>\u003Ctd>1.4%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5.75% a.a.\u003C\u002Ftd>\u003Ctd>10.70% a.a.\u003C\u002Ftd>\u003Ctd>dez'31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Novo Mundo\u003C\u002Ftd>\u003Ctd>22E1313091\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Novo Mundo S.A.\u003C\u002Ftd>\u003Ctd>0.9%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8.77% a.a.\u003C\u002Ftd>\u003Ctd>0.00% a.a.\u003C\u002Ftd>\u003Ctd>jun'28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Pulverizado 416\u003C\u002Ftd>\u003Ctd>21 H1011071\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Mezanino\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.9%\u003C\u002Ftd>\u003Ctd>IGPM\u003C\u002Ftd>\u003Ctd>6.00% a.a.\u003C\u002Ftd>\u003Ctd>10.67% a.a.\u003C\u002Ftd>\u003Ctd>jul'53\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Solfacil\u003C\u002Ftd>\u003Ctd>24A2984294\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.8%\u003C\u002Ftd>\u003Ctd>PRE\u003C\u002Ftd>\u003Ctd>12.74% a.a.\u003C\u002Ftd>\u003Ctd>15.73% a.a.\u003C\u002Ftd>\u003Ctd>jan'32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>KLAS12\u003C\u002Ftd>\u003Ctd>KLAS12\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Kallas Incorporações\u003C\u002Ftd>\u003Ctd>0.9%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>2.80% a.a.\u003C\u002Ftd>\u003Ctd>3.03% a.a.\u003C\u002Ftd>\u003Ctd>ago'26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Pulverizado 415\u003C\u002Ftd>\u003Ctd>21 H1029266\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Mezanino\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.7%\u003C\u002Ftd>\u003Ctd>IGPM\u003C\u002Ftd>\u003Ctd>7.75% a.a.\u003C\u002Ftd>\u003Ctd>10.39% a.a.\u003C\u002Ftd>\u003Ctd>jul'53\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI - BRZ\u003C\u002Ftd>\u003Ctd>21 B0695075\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.7%\u003C\u002Ftd>\u003Ctd>IGPM\u003C\u002Ftd>\u003Ctd>8.00% a.a.\u003C\u002Ftd>\u003Ctd>11.72% a.a.\u003C\u002Ftd>\u003Ctd>set'30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Direcional pro soluto II\u003C\u002Ftd>\u003Ctd>21 L0730011\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.3%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>3.50% a.a.\u003C\u002Ftd>\u003Ctd>3.51% a.a.\u003C\u002Ftd>\u003Ctd>jul'28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Pulverizado 62\u003C\u002Ftd>\u003Ctd>18F0925002\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.4%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8.00% a.a.\u003C\u002Ftd>\u003Ctd>11.14% a.a.\u003C\u002Ftd>\u003Ctd>set'30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Corporativo Única\u003C\u002Ftd>\u003Ctd>20G0754279\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Módena e Cipel\u003C\u002Ftd>\u003Ctd>0.4%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>7.00% a.a.\u003C\u002Ftd>\u003Ctd>7.00% a.a.\u003C\u002Ftd>\u003Ctd>jul'25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Smart Fit II\u003C\u002Ftd>\u003Ctd>22J0344571\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>0.3%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7.37% a.a.\u003C\u002Ftd>\u003Ctd>8.55% a.a.\u003C\u002Ftd>\u003Ctd>out'29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Pulverizado 02\u003C\u002Ftd>\u003Ctd>15D0540147\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.1%\u003C\u002Ftd>\u003Ctd>IGPM\u003C\u002Ftd>\u003Ctd>8.00% a.a.\u003C\u002Ftd>\u003Ctd>0.00% a.a.\u003C\u002Ftd>\u003Ctd>ago'26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Pulverizado 21\u003C\u002Ftd>\u003Ctd>14D0082239\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>Sênior\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>0.1%\u003C\u002Ftd>\u003Ctd>IGPM\u003C\u002Ftd>\u003Ctd>8.50% a.a.\u003C\u002Ftd>\u003Ctd>11.47% a.a.\u003C\u002Ftd>\u003Ctd>abr'33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Dasa\u003C\u002Ftd>\u003Ctd>22J0305579\u003C\u002Ftd>\u003Ctd>Corporativo\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>Diagnósticos da América S.A .\u003C\u002Ftd>\u003Ctd>0.0%\u003C\u002Ftd>\u003Ctd>CDI+\u003C\u002Ftd>\u003Ctd>0.80% a.a.\u003C\u002Ftd>\u003Ctd>3.89% a.a.\u003C\u002Ftd>\u003Ctd>out'27\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>* O FII Moema não é negociado na Bolsa.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>FII\u003C\u002Fth>\u003Cth>Ticker\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003Cth>Financeiro\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>FII MOEMA\u003C\u002Ftd>\u003Ctd>N\u002FA*\u003C\u002Ftd>\u003Ctd>Laje Corporativa\u003C\u002Ftd>\u003Ctd>9.20%\u003C\u002Ftd>\u003Ctd>32,732\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII OURILOG\u003C\u002Ftd>\u003Ctd>OULG11\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>0.21%\u003C\u002Ftd>\u003Ctd>734\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_7_image_3.jpg\">\u003C\u002Fp>\u003Ch3>Composição do Portfólio\u003C\u002Fh3>\u003Ch3>da Carteira (%PL)\u003C\u002Fh3>\u003Cp>Por tipo de operação\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_7_chart_7.jpg\">\u003C\u002Fp>\u003Cp>Indexação e MTM\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_7_chart_9.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de CRI´S\u003C\u002Fh3>\u003Cp>Por segmento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_7_chart_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_7_chart_13.jpg\">\u003C\u002Fp>\u003Ch3>Composição do Portfólio\u003C\u002Fh3>\u003Cp>CRI Pulverizado – Tipologia dos Imóveis\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_8_chart_5.jpg\">\u003C\u002Fp>\u003Cp>CRI Corporativo – Tipo de Garantia\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>AF\u002Fhipoteca de imóveis\u003C\u002Fth>\u003Cth>AF de ações\u002Fcotas\u003C\u002Fth>\u003Cth>Cessão de recebíveis\u002Fdividendos\u003C\u002Fth>\u003Cth>Aval\u002Ffiança\u003C\u002Fth>\u003Cth>Fundo Subordinação de reserva\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Allegra\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Alphaville\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Arena MRV\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cetilpark\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓ ✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Coteminas\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Hapvida\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mamma Jamma\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓ ✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Módena\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Novo Mundo\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OPY\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pátio Malzoni\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Prestes\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Sinart\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Smartfit I e II\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>You.Inc\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003Ctd>✓\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 5.00% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Mar\u002F2027\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• AF – Cotas\u002FAções\u003C\u002Fp>\u003Cp>Fundo de Reserva\u003C\u002Fp>\u003Cp>• Aval\u002FFiança\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_19.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_20.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 7.50% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_22.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Jul\u002F2027\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_24.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_25.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_27.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Cp>A operação tem como objetivo financiar a conclusão das obras da concessionária \u003Cstrong>Allegra Pacaembu\u003C\u002Fstrong> que não só renovará o estádio municipal e o complexo poliesportivo contíguo, como também efetuará a construção de hotel, áreas comerciais, centro de convenções e arena de e-sports, elevando o empreendimento a uma categoria multiuso com diversas fontes de receita.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_31.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_32.jpg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 5.25% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_35.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Set\u002F2029\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_37.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_39.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• Fundo de Reserva • Alienação Fiduciária de Cotas.\u003C\u002Fp>\u003Ch3>AllegraPacaembu CONCESSIONARIA\u003C\u002Fh3>\u003Ch3>Comentários\u003C\u002Fh3>\u003Ch3>aiphaville\u003C\u002Fh3>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>A \u003Cstrong>Alphaville\u003C\u002Fstrong> foi fundada em 1973 e atua no segmento de loteamentos, sendo uma das maiores do Brasil no setor.\u003C\u002Fp>\u003Cp>Possui empreendimentos em 23 estados do Brasil e sua holding é companhia de capital aberto listada na B3.\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_9_image_51.jpg\">\u003C\u002Fp>\u003Cp>A \u003Cstrong>Arena Vencer Complexo Esportivo Multiuso SPE Ltda\u003C\u002Fstrong>. tem como cotista o AVM Fundo de Investimento Imobiliário que é administrado pelo Inter DTVM. A Cia foi criada para gerir o complexo esportivo e de eventos ARENA MRV, que está localizado em Belo Horizonte\u002FMG.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_4.jpg\">\u003C\u002Fp>\u003Cp>CRI Corporativo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_6.jpg\">\u003C\u002Fp>\u003Cp>CRI Corporativo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 5.20% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Jun\u002F2029\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_14.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Irregular (Cash Sweep)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_16.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• AF - Imóveis • Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Cp>• Aval\u002FFiança\u003C\u002Fp>\u003Cp>• Subordinação\u003C\u002Fp>\u003Cp>CRI para venda de estoque residencial em Blumenau. A operação conta com de vendas, com de LTV <50% em unidades prontas e recebíveis. O LTV é baseado no preço de vendas dos últimos seis meses das unidades em estoque. Além disso, conta com alienação fiduciária de imóvel fora do empreendimento com valor de venda forçada aproximado de R$18 milhões, fiança do sócio e subordinação.\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 9.25% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_26.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_27.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Jul\u002F2031\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_29.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_30.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_32.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>• Alienação Fiduciária de Imóvel\u003C\u002Fp>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• Fiança\u003C\u002Fp>\u003Cp>• Fundo de Liquidez\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_40.jpg\">\u003C\u002Fp>\u003Cp>A \u003Cstrong>Coteminas\u003C\u002Fstrong> foi fundada em 1967 em Minas Gerais e atua no segmento têxtil (Cama, Mesa e Banho) no Brasil e no exterior. A operação tem como lastro a antecipação de aluguéis terceiros em imóvel não operacional da empresa em São Gonçalo do Amarante\u002FRN. Conta também com alienação fiduciária do imóvel com um LTV mínimo 50% atestado em laudo.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_42.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_43.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 0.80% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_45.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_46.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Out\u002F2027\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Bullet\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_10_image_49.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Clean – Risco Balanço Dasa\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>Dasa é a maior rede de laboratórios e análises clínicas do país. Com uma agenda forte de desalavancagem, no ano passado estruturou uma jointventure com a Amil que permitiu uma redução da dívida e maior foco no seu negócio de Diagnósticos. Desde então os resultados vem melhorando paulatinamente.\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 5.75% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Dez\u002F2031\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Semestral\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_13.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Clean – Risco Balanço Hapvida\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_16.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_17.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 5.00% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_19.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_20.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Out\u002F2027\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_22.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_24.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Cp>• Aval\u002FFiança\u003C\u002Fp>\u003Cp>• Subordinação\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_31.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_32.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_33.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 7.00% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_35.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Jul\u002F2025\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_37.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_11_image_39.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Alienação Fiduciária de Imóvel\u003C\u002Fp>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• Aval\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Cp>• Fundo de Obra\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Ch3>hapvida\u003C\u002Fh3>\u003Cp>A \u003Cstrong>Hapvida\u003C\u002Fstrong> é a maior provedora de plano de saúde verticalizada do país. Possui 17.3% de market share e mais de 6.9 milhões de beneficiários. Atualmente a companhia conta com uma rede própria de 85 hospitais, mais de 340 centros clínicos, além de 77 prontos socorros e aproximadamente 300 laboratórios.\u003C\u002Fp>\u003Ch3>MAMMAJAMMA ★ PIZZERIA RUSTICA ★\u003C\u002Fh3>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>Inaugurada em 2009 no bairro do Jardim Botânico, zona sul do Rio de Janeiro, a \u003Cstrong>Mamma Jamma\u003C\u002Fstrong> conta hoje com mais de dez restaurantes. A rede tem como carro chefe a sua pizza e também opera com outras vertentes de matriz italiana de forma a expandir o cardápio para outras ocasiões de consumo. O CRI tem como objetivo financiar a abertura de 5 novos restaurantes, inclusive fora do estado do Rio de Janeiro.\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>A \u003Cstrong>Módena e a Cipel\u003C\u002Fstrong> são construtoras e incorporadoras com mais de 30 anos de mercado focadas em imóveis residenciais, dentro do SFH, com raio de atuação de até 100 km de São Paulo Capital.\u003C\u002Fp>\u003Ch3>CRI Pulverizado\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_5.jpg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 8.25% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Mar\u002F2031\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_13.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Alienação Fiduciária de Imóvel\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Cp>• Coobrigação parcial\u003C\u002Fp>\u003Cp>• Subordinação\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Ch3>novomundo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_21.jpg\">\u003C\u002Fp>\u003Ch3>CRI Novo Mundo\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>IPCA + 8.7694% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_25.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_26.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Jun\u002F2028\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_28.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_30.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Aval\u002FFiança\u003C\u002Fp>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_34.jpg\">\u003C\u002Fp>\u003Ch3>CRI Opy Health\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_36.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_37.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 7.3557% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_39.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Ago\u002F2031\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_41.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Customizada\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_43.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Alienação Fiduciária de Ações\u003C\u002Fp>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>Fiança\u003C\u002Fp>\u003Cp>Fundo de Reserva\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_49.jpg\">\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>A operação consiste da aquisição de carteira de recebíveis imobiliários de propriedade da \u003Cstrong>MRV\u003C\u002Fstrong> referente a venda de unidades residenciais, em especial, da linha Sensia, pela incorporadora para clientes de média renda. É uma cessão definitiva de créditos com coobrigação da MRV para distratos durante o período de construção dos empreendimentos e com alienação fiduciária das unidades após o habite-se.\u003C\u002Fp>\u003Ch3>novo mundo•com\u003C\u002Fh3>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>A \u003Cstrong>Novo Mundo\u003C\u002Fstrong> é uma empresa varejista fundada em 1956.\u003C\u002Fp>\u003Cp>Possui, aproximadamente, 143 lojas, localizadas nas regiões Centro-Oeste, Norte e Nordeste. Além disso conta com site e aplicativo com ~790 sellers. Atendendo ~3500 cidades do Brasil.\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_12_image_57.jpg\">\u003C\u002Fp>\u003Cp>Controlada pelo \u003Cstrong>BTG Pactual\u003C\u002Fstrong>, a OPY é responsável pelo suporte administrativo e operacional de três concessões de hospitais, em Belo Horizonte, Manaus e Goiânia.\u003C\u002Fp>\u003Cp>A ONM Health é detentora da concessão administrativa para a implantação do Hospital Metropolitano Dr. Célio de Castro (HMDCC) em Belo Horizonte. A parceria público privada, estabelecida com a OPY Health em janeiro de 2020, tem prazo de 20 anos (até 2035), podendo ser estendida por mais 15 anos.\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Ch3>Pátio Malzoni\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 5.92% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Set\u002F2031\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_14.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Alienação Fiduciária de Imóvel\u003C\u002Fp>\u003Cp>Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_18.jpg\">\u003C\u002Fp>\u003Cp>A operação consistiu de um financiamento para a aquisição de 6 lajes corporativas do edifício \u003Cstrong>Pátio Victor Malzoni\u003C\u002Fstrong>, que atualmente estão locadas para o Google, Casa dos Ventos e Planner. O devedor é o FII BlueMacaw Catuaí (BLCA11).\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Ch3>CRI Pontte VI\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_22.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_23.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 10.00% a.a\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_25.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_26.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Fev\u002F2045\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_28.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_30.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Alienação Fiduciária de Imóvel\u003C\u002Fp>\u003Cp>• Subordinação\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Ch3>Pontte\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_37.jpg\">\u003C\u002Fp>\u003Ch3>CRI Prestes\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_39.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_40.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 6.00% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Out\u002F2026\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_43.jpg\">\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>A \u003Cstrong>Pontte\u003C\u002Fstrong> é uma Fintech especializada em empréstimos pessoais com garantia em imóveis (home equity) com perfil majoritariamente residencial, ampla diversificação geográfica e um critério rigoroso de seleção de créditos.\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_47.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_48.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Alienação Fiduciária de Imóvel\u003C\u002Fp>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>Fiança\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_13_image_54.jpg\">\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>A \u003Cstrong>Prestes\u003C\u002Fstrong> é uma das maiores construtoras do Paraná.\u003C\u002Fp>\u003Cp>A empresa foi fundada em 2011 e tem atuação focada no segmento econômico de habitação (Minha Casa Minha Vida).\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_5.jpg\">\u003C\u002Fp>\u003Ch3>CRI Sinart\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 10.50% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Mai\u002F2037\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_14.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>• Cessão Fiduciária de Aluguéis\u003C\u002Fp>\u003Cp>AF de cotas da SPE\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Cp>• Aval dos sócios\u003C\u002Fp>\u003Ch3>sinart\u003C\u002Fh3>\u003Cp>A \u003Cstrong>Sinart\u003C\u002Fstrong> é uma das maiores operadoras de terminais rodoviários do país, com presença em mais de 15 estados brasileiros com fluxo anual de passageiros superando os 80 milhões. A nova emissão será na subsidiaria do novo terminal rodoviário de Salvador para financiar o termino de obra.\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Ch3>CRI Smart Fit\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_25.jpg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 1.50% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_28.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_29.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Out\u002F2029\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_31.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Semestral\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_33.jpg\">\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Clean – Risco Balanço Smartfit\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_37.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_38.jpg\">\u003C\u002Fp>\u003Ch3>CRI Smart Fit II\u003C\u002Fh3>\u003Cp>Com as primeiras academias abertas no Brasil em 2009, a \u003Cstrong>Smart Fit\u003C\u002Fstrong> é a líder do mercado de academias na América Latina, a quarta maior rede do mundo em número de clientes. Com presença em quatorze países da América Latina, a companhia detém liderança no Brasil, México, Colômbia, Chile e Peru. O CRI foi adquirido pela carteira do Fundo a CDI + 1.80% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_41.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_42.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 7.3679% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Out\u002F2029\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_45.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_46.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Semestral\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_48.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Clean – Risco Balanço Smartfit\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_14_image_52.jpg\">\u003C\u002Fp>\u003Cp>Com as primeiras academias abertas no Brasil em 2009, a \u003Cstrong>Smart Fit\u003C\u002Fstrong> é a líder do mercado de academias na América Latina, a quarta maior rede do mundo em número de clientes. Com presença em quatorze países da América Latina, a companhia detém liderança no Brasil, México, Colômbia, Chile e Peru. O CRI foi adquirido pela carteira do Fundo a CDI + 1.80% a.a.\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Cp>\u003Cstrong>CRI You. Inc\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 4.25% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Nov\u002F2026\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Irregular (Cash Sweep)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_14.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• AF - Imóveis • Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>AF – Cotas\u002FAções\u003C\u002Fp>\u003Cp>Fundo de Reserva\u003C\u002Fp>\u003Cp>• Aval\u002FFiança\u003C\u002Fp>\u003Ch3>CRI Corporativo\u003C\u002Fh3>\u003Ch3>CRI ZirconCRI Zircon\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_23.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_24.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 4.00% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_26.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_27.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Jun\u002F2031\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_29.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_31.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Alienação Fiduciária de Imóvel\u003C\u002Fp>\u003Cp>• Cessão Fiduciária de Recebíveis\u003C\u002Fp>\u003Cp>Aval dos sócios\u003C\u002Fp>\u003Cp>• Fundo de Reserva\u003C\u002Fp>\u003Ch3>Debênture Corporativa\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_38.jpg\">\u003C\u002Fp>\u003Cp>A \u003Cstrong>You.Inc\u003C\u002Fstrong> é um dos principais players em apartamentos inteligentes premium na cidade de São Paulo e tem como objetivo oferecer soluções de moradia e mobilidade urbana para os clientes.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_40.jpg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa de emissão\u003C\u002Fstrong> CDI + 2.20% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_43.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa de aquisição\u003C\u002Fstrong> CDI + 1.58% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_45.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Dez\u002F2027\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_47.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Clean – Risco Balanço JHSF\u003C\u002Fp>\u003Ch3>you,inc\u003C\u002Fh3>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_52.jpg\">\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>A emissão foi realizada pela Zircon, subsidiária do grupo Zarin. Fundado em 2008, o Grupo Zarin atua em diversas frentes do mercado imobiliário, incluindo loteamento, incorporação (vertical e horizontal) e galpões logísticos, e possui um vasto histórico de empreendimentos entregues. A emissão na Zircon tem como finalidade o reperfilamento da dívida da empresa.\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_15_image_56.jpg\">\u003C\u002Fp>\u003Cp>A \u003Cstrong>JHSF\u003C\u002Fstrong> é uma empresa brasileira aberta em bolsa focada no segmento de altíssima renda, que atua em incorporação imobiliária, shopping centers, hotelaria e aeroportos executivos. Destaca-se por empreendimentos como o Shopping Cidade Jardim, a Fazenda Boa Vista o Aeroporto Catarina. Seu modelo de negócios prioriza ativos exclusivos que tenham geração de caixa recorrente.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_3.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> CDI + 2.80% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Ago\u002F2026\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias\u003C\u002Fstrong> • Clean – Risco Balanço Kallas\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_14.jpg\">\u003C\u002Fp>\u003Cp>O Grupo Kallas foi fundado em 1983 pelo engenheiro Emílio Kallas. A empresa atua como incorporadora e construtora, desenvolvendo empreendimentos residenciais, com presença tanto no MCMV quanto no médio e alto padrão.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_16.jpg\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong> IPCA + 8.50% a.a.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_19.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento\u003C\u002Fstrong> Dez\u002F2028\u003C\u002Fp>\u003Cp>\u003Cstrong>Amortização\u003C\u002Fstrong> Mensal\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_16_image_22.jpg\">\u003C\u002Fp>\u003Ch3>Garantias\u003C\u002Fh3>\u003Cp>• Imóvel\u003C\u002Fp>\u003Cp>Opção de Venda no final do contrato\u003C\u002Fp>\u003Cp>Fluxo de Aluguel\u003C\u002Fp>\u003Ch3>Comentários\u003C\u002Fh3>\u003Cp>O FII Moema tem como único ativo um imóvel em área nobre de São Paulo. A Operação é um sale and leaseback e o que garante a rentabilidade contratada são os fluxos de pagamentos de alugueis. No final do prazo da operação temos uma opção de venda do imóvel descontando o valor dos alugueis recebidos no período.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_17_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>ESTRATÉGIA CORE\u003C\u002Fstrong> CRIs Pulverizados \u003Cstrong>Breve descrição\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A \u003Cstrong>estratégia de CRIs pulverizados\u003C\u002Fstrong> busca exposição a portfólios diversificados de crédito imobiliário. O lastro dos CRIs são conjuntos de CCIs representativas do financiamento obtido por adquirentes de unidades imobiliárias. Esses portfólios são adquiridos de diversas incorporadoras, sendo que ocasionalmente também de outros cedentes.\u003C\u002Fp>\u003Cp>O Fundo busca estruturas que tragam alguma combinação das seguintes características:\u003C\u002Fp>\u003Cp>• Alienação fiduciária do imóvel objeto do financiamento;\u003C\u002Fp>\u003Cp>• Coobrigação da cedente e\u002Fou put-back;\u003C\u002Fp>\u003Cp>• Proteção contra pré-pagamento;\u003C\u002Fp>\u003Cp>• Subordinação, seja via cota subordinada e\u002Fou via excesso de spread na cessão;\u003C\u002Fp>\u003Cp>• Pool de ativos com boa razão de garantia;\u003C\u002Fp>\u003Cp>• Pool de ativos com bom histórico de crédito;\u003C\u002Fp>\u003Cp>• Pool de ativos atrelados a empreendimento com bom histórico de vendas e liquidez;\u003C\u002Fp>\u003Cp>● Pool de ativos majoritariamente composto por imóveis residenciais;\u003C\u002Fp>\u003Cp>• Fundo de reserva e\u002Fou fundo de despesas.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_17_image_15.jpg\">\u003C\u002Fp>\u003Ch3>ESTRATÉGIA CORE CRIs Corporativos Breve descrição\u003C\u002Fh3>\u003Cp>A estratégia de \u003Cstrong>CRIs corporativos\u003C\u002Fstrong> busca exposição a companhias e\u002Fou estruturas que contem com boa previsibilidade de receita, conferindo alta capacidade de pagamento em cenários diversos. Além da análise dos balanços das empresas, é importante observar sua estrutura acionária e a governança.\u003C\u002Fp>\u003Cp>• O Fundo busca estruturas que tragam alguma combinação das seguintes garantias\u002Fcondições:\u003C\u002Fp>\u003Cp>Alienação Fiduciária (AF) de imóvel, preferencialmente não-operacional;\u003C\u002Fp>\u003Cp>• Alienação Fiduciária (AF) de ações;\u003C\u002Fp>\u003Cp>• Cessão de recebíveis;\u003C\u002Fp>\u003Cp>• Aval ou fiança dos sócios e\u002Fou de outras empresas coligadas;\u003C\u002Fp>\u003Cp>• Subordinação, se aplicável;\u003C\u002Fp>\u003Cp>• Fundo de reserva e fundo de despesas;\u003C\u002Fp>\u003Cp>• Covenants de alavancagem;\u003C\u002Fp>\u003Cp>• Covenants de arrecadação mínima de recebíveis;\u003C\u002Fp>\u003Cp>Os CRIs corporativos são instrumentos interessantes para as companhias tomadoras de recursos pois, em muitos casos, conseguem oferecer um prazo mais longo do que outras alternativas de financiamento.\u003C\u002Fp>\u003Ch3>Dados Gerais do Fundo\u003C\u002Fh3>\u003Cp>\u003Cstrong>Periodicidade dos Dividendos\u003C\u002Fstrong> Mensal \u003Cstrong>Número de cotistas*\u003C\u002Fstrong> 46.605 \u003Cstrong>Patrimônio Líquido*\u003C\u002Fstrong> R$ 357.626.443,71 \u003Cstrong>Quantidade de cotas\u003C\u002Fstrong> 37,283,750 \u003Cstrong>Público alvo\u003C\u002Fstrong> Investidores em Geral \u003Cstrong>Pagamento de Dividendos\u003C\u002Fstrong> 5º dia útil \u003Cstrong>Categoria ANBIMA\u003C\u002Fstrong> Fundos de Investimento Imobiliário \u003Cstrong>Taxa de Administração\u003C\u002Fstrong> 0.9% a.a. \u003Cstrong>Taxa de Performance\u003C\u002Fstrong> 15.0% do que exceder o Yield diário do IMA-B divulgado pela ANBIMA\u003C\u002Fp>\u003Cp>\u003Cstrong>Data de pagamento da venda das cotas\u003C\u002Fstrong> D+2 na Bovespa \u003Cstrong>Valor Patrimonial da Cota*\u003C\u002Fstrong> 9,54 \u003Cstrong>Valor de Mercado da Cota*\u003C\u002Fstrong> 8,15 \u003Cstrong>Administrador\u003C\u002Fstrong> Oliveira Trust DTVM S.A. \u003Cstrong>Custodiante\u003C\u002Fstrong> Oliveira Trust DTVM S.A \u003Cstrong>Auditor\u003C\u002Fstrong> KPMG Auditores Independentes \u003Cstrong>Gestor\u003C\u002Fstrong> Polo Capital Gestão de Recursos Ltda. \u003Cstrong>Início da 1ª distribuição\u003C\u002Fstrong> 29 nov. 2012 \u003Cstrong>Encerramento da 1ª distribuição\u003C\u002Fstrong> 12 dez. 2012 \u003Cstrong>Início da 2ª distribuição\u003C\u002Fstrong> 14 fev. 2020 \u003Cstrong>Encerramento da 2ª distribuição\u003C\u002Fstrong> 23 mar. 2020 \u003Cstrong>Início da 3ª distribuição\u003C\u002Fstrong> 25 mai. 2021 \u003Cstrong>Encerramento da 3ª distribuição\u003C\u002Fstrong> 23 jun. 2021\u003C\u002Fp>\u003Cp>(*) Fechamento do último mês calendário\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4722\u002Fpage_19_image_0.jpg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FPORD11\u002Fdocumentos\u002F4722\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1086407","2025-12-31","2026-01-16 17:11:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":88},"Relatório Gerencial PORD11 de dezembro de 2025 | Kartac","Relatório Gerencial de dezembro de 2025 do PORD11 (Polo Crédito Imobiliário), entrega em 16\u002F01\u002F2026. DY 12 meses de 14,61% e P\u002FVP 0,84 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPORD11\u002Fdocumentos\u002F4722","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\u002FPORD11\u002Fdocumentos\u002F4722#pagina",{"@id":32},"2026-11-02",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPORD11\u002Fdocumentos\u002F4722#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPORD11\u002Fdocumentos\u002F4722#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 PORD11 de dezembro de 2025",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPORD11#fundo","2026-01-16","2025-12",{"@type":25,"name":52,"identifier":53},"POLO CAPITAL GESTÃO DE RECURSOS LTDA.",{"@type":54,"propertyID":55,"value":56},"PropertyValue","CNPJ","05.451.668\u002F0001-79",{"@type":25,"name":58},"Oliveira Trust DTVM S.A.",{"@type":60,"@id":48,"name":61,"alternateName":62,"url":65,"category":66,"identifier":67,"provider":72},"InvestmentFund","Polo Crédito Imobiliário",[63,64],"PORD11","POLO CRÉDITO IMOBILIÁRIO - FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FPORD11","Papel",[68,70],{"@type":54,"propertyID":69,"value":63},"Ticker B3",{"@type":54,"propertyID":55,"value":71},"17.156.502\u002F0001-09",{"@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 Polo Crédito Imobiliário (PORD11), fundo imobiliário de papel, referente a dezembro de 2025, com entrega no FundosNet (B3) em 16\u002F01\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do PORD11 fechou a R$ 8,10, com P\u002FVP de 0,84 (valor patrimonial de R$ 9,60 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,0935 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 14,61% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 357,8 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":211,"vpa":212,"p_vpa":213,"tipo_gestao":214,"mandato":215,"segmento":216,"categoria":66,"grupo":66,"preco_atual":203,"cotacao_atualizada_em":217,"ultima_variacao_cotacao_24h":218,"variacao_cotacao_7d":219,"variacao_cotacao_1m":220,"variacao_cotacao_3m":221,"variacao_cotacao_6m":222,"variacao_cotacao_12m":223,"vacancia_fisica":215,"liquidez_atual":224,"ultimo_dividendo":225,"ultimo_dividend_yield":226,"mes_pagamento_ultimo_dividendo":227,"dividend_yield_3m":228,"dividend_yield_6m":229,"dividend_yield_12m":230,"dividend_yield_medio_12m":231,"qtd_dividendos_pagos_ano_passado":232,"data_ultima_cotacao":208,"pregoes_com_negocio_21":233,"alertas":234,"updated_at":235,"liquidez_media_reais":236,"administrador":58,"taxa_administracao_paga":237,"balanco":238,"resultado_distribuido":245,"publico_alvo":250,"mercados_negociacao_cotas":251,"data_funcionamento":253,"data_final":215,"quantidade_cotas":254,"quantidade_cotistas":255,"detalhes_cotistas":256,"total_investido":261,"investimentos_fundo":262,"imoveis":265,"contratos":215,"custodiante":267,"auditor_independente":273,"formador_mercado":215,"distribuidor_cotas":215,"consultor_especializado":215,"administrador_locacoes":215,"relatorio_anual":280,"analise_administrador":283},813,{"nome":64,"nome_simplificado":99,"nome_comercial":61,"ticker":63,"nome_ticker":100,"nome_pregao":101,"cnpj":71},"POLO CRÉDITO IMOBILIÁRIO    RESPONSABILIDADE LIMITADA","PORD11 - POLO CRÉDITO IMOBILIÁRIO - FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","FII POLO CRI",{"id":103,"nome":52,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},71,"05451668000179","Av. Ataulfo de Paiva, 204, 10º andar, Leblon, Rio de Janeiro, RJ","(21) 3205-9800","2026-10-03T18:55:10.000000Z",[109,115,121,127,133,137,143,148,152,156,160,164,168,172,178,183,189,194,200,206],{"id":110,"data":111,"abertura":112,"ultimo":113,"volume":114},3288772,"2026-10-06",8.33,8.55,75391,{"id":116,"data":117,"abertura":118,"ultimo":119,"volume":120},3289306,"2026-10-07",8.58,8.62,97946,{"id":122,"data":123,"abertura":124,"ultimo":125,"volume":126},3290348,"2026-10-08",8.63,8.6,45679,{"id":128,"data":129,"abertura":130,"ultimo":131,"volume":132},3291212,"2026-10-09",8.64,8.66,51749,{"id":134,"data":135,"abertura":124,"ultimo":131,"volume":136},3356974,"2026-10-13",47013,{"id":138,"data":139,"abertura":140,"ultimo":141,"volume":142},3375739,"2026-10-14",8.7,8.68,33166,{"id":144,"data":145,"abertura":141,"ultimo":146,"volume":147},3376117,"2026-10-15",8.59,100136,{"id":149,"data":150,"abertura":141,"ultimo":125,"volume":151},3377067,"2026-10-16",50628,{"id":153,"data":154,"abertura":124,"ultimo":124,"volume":155},3444978,"2026-10-19",66552,{"id":157,"data":158,"abertura":141,"ultimo":113,"volume":159},3446574,"2026-10-20",79761,{"id":161,"data":162,"abertura":141,"ultimo":146,"volume":163},3459964,"2026-10-21",50466,{"id":165,"data":166,"abertura":125,"ultimo":118,"volume":167},3473573,"2026-10-22",46712,{"id":169,"data":170,"abertura":113,"ultimo":125,"volume":171},3488090,"2026-10-23",157225,{"id":173,"data":174,"abertura":175,"ultimo":176,"volume":177},3566022,"2026-10-26",8.39,8.26,152110,{"id":179,"data":180,"abertura":181,"ultimo":112,"volume":182},3580109,"2026-10-27",8.31,76090,{"id":184,"data":185,"abertura":186,"ultimo":187,"volume":188},3594288,"2026-10-28",8.28,8.17,82198,{"id":190,"data":191,"abertura":192,"ultimo":176,"volume":193},3609144,"2026-10-29",8.24,160821,{"id":195,"data":196,"abertura":197,"ultimo":198,"volume":199},3624702,"2026-10-30",8.3,8.25,130283,{"id":201,"data":202,"abertura":203,"ultimo":204,"volume":205},3682151,"2026-11-03",8.1,7.88,139266,{"id":207,"data":208,"abertura":209,"ultimo":203,"volume":210},3695788,"2026-11-04",7.96,121976,357822499.28,9.6,"0.84","Ativa",null,"Multicategoria","2026-11-05 09:00","0.0279","-0.0194","-0.0526","-0.0357","-0.0334","0.0163",2444,"0.0935","0.0113","Nov\u002F2026","0.0357","0.0720","0.1461","0.0118",12,21,[],"05\u002F11\u002F2026 08:17",739910.15,0.001,{"data_referencia":239,"ativo":240,"passivo":241,"obrigacoes_imoveis":242,"obrigacoes_securitizacao":242,"liquidez":243,"valores_receber":244},"2026-09-01",362930823.28,5108324,0,76042583.75,1568857.95,{"data_referencia":246,"resultado":247,"rendimentos":248,"percentual":249},"2026-06-30",21966372.25,21966372.2475,0.9999999998861896,"Investidores em Geral",[252],"Bolsa","2012-09-20",37283750,50442,{"Pessoa Física":257,"Pessoa jurídica não financeira":258,"Outros fundos de investimento":259,"Investidores não residentes":260,"Fundos de investimento imobiliário":81},50374,51,10,5,285319381.58,{"CRI \u002F CRA":263,"Cotas de FIIs":264},251411241.39,33908140.19,{"vacancia_total":242,"lista_imoveis":266,"data_referencia":246,"vacancia_suspeita":11},[],{"id":268,"nome":58,"cnpj":269,"endereco":270,"telefone":271,"created_at":272,"updated_at":272},28,"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":274,"nome":275,"cnpj":276,"endereco":277,"telefone":278,"created_at":279,"updated_at":279},45,"KPMG AUDITORES INDEPENDENTES LTDA.","57755217000129","Rua Verbo Divino, 1400 - Chacara Santo Antonio","(11) 3940-1500","2026-10-03T18:53:09.000000Z",{"ano_referencia":281,"data_disponibilizacao":282},"2025","2026-03-31",{"ResultadoFundo":284,"ConjunturaEconomica":285,"PerspectivaPeriodoSeguinte":286},"O resultado do fundo esta descrito nas demonstrações financeiras do exercício findo em 2025.","Os CRI’s emitidos no Brasil têm remunerado os investidores com um prêmio em relação aos índices de inflação, em particular o IGP-M. Este prêmio guarda relação com as remunerações previstas nos contratos de financiamento imobiliário que usualmente lhes servem de lastro. Os prazos geralmente longos dos CRI e o fato do CRI ser um instrumento de investimento relativamente novo, tendo sido criado em 1997, também contribuem para existência deste prêmio, que tende a servir como fator de atração para todos os potenciais investidores. A securitização de recebíveis imobiliários no Brasil é um mercado crescente dentro de um cenário favorável de aumento da demanda por financiamento por parte de incorporadoras, construtoras, loteadoras. Este desenvolvimento tem como uma base uma série de fatores, incluindo: (i) a instituição do Sistema de Financiamento Imobiliário e aprimoramento do arcabouço legal; (ii) aumento da necessidade de financiamento do setor imobiliário e (iii) atratividade destes títulos por parte dos investidores.","A perspectiva do Gestor e do Administrador para o período seguinte é ainda promover substituições pontuais na carteira de CRI investidos, além de manter a política de distribuição de resultados e amortização de cotas."]