[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:TORD11:779":3,"fii-documento:TORD11":16,"seo:\u002Fdetalhes\u002FTORD11\u002Fdocumentos\u002F779":193},{"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},779,"(TORD) Relatório Gerencial - 31\u002F12\u002F2025","Relatório Gerencial - 12\u002F2025","Relatórios","(Ativo)","\u003Ch2>R E L A T Ó R I O G E R E N C I A L\u003C\u002Fh2>\u003Ch2>TORD11 – TORDESILHAS EI FII\u003C\u002Fh2>\u003Ch3>Cadastre-se no mailing:\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_0_image_4.jpg\">\u003C\u002Fp>\u003Ch3>Contato:\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Rua Fidêncio Ramos, 195 – Cj. 31\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>ri@rcap\u003Cu>-\u003C\u002Fu>asset.com.br\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_0_image_10.jpg\">\u003C\u002Fp>\u003Cp>+55 (11) 911.875.472\u003C\u002Fp>\u003Cp>rcap-asset.com.br\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_0_image_13.jpg\">\u003C\u002Fp>\u003Cp>\u002Fr-cap-asset\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_0_image_15.jpg\">\u003C\u002Fp>\u003Cp>\u002Frcap.asset\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>OBJETIVO DO FUNDO\u003C\u002Fh3>\u003Cp>Proporcionar aos cotistas a valorização e a rentabilidade de suas cotas no longo prazo, por meio de investimentos em ativos imobiliários, auferindo rendimentos e ganhos de capital advindos destes.\u003C\u002Fp>\u003Cp>\u003Cstrong>CNPJ\u003C\u002Fstrong> 30.230.870\u002F0001-18\u003C\u002Fp>\u003Cp>\u003Cstrong>TICKER\u003C\u002Fstrong> B3:TORD11\u003C\u002Fp>\u003Cp>\u003Cstrong>CÓDIGO ISIN:\u003C\u002Fstrong> BRTORDCTF015\u003C\u002Fp>\u003Cp>\u003Cstrong>CLASSIFICAÇÃO CVM\u003C\u002Fstrong> Fundo de Investimento Imobiliário\u003C\u002Fp>\u003Cp>\u003Cstrong>CLASSIFICAÇÃO ANBIMA Mandato:\u003C\u002Fstrong> Hibrido \u003Cstrong>| Gestão:\u003C\u002Fstrong> Ativa\u003C\u002Fp>\u003Cp>\u003Cstrong>PRAZO DE DURAÇÃO\u003C\u002Fstrong> Indeterminado\u003C\u002Fp>\u003Cp>\u003Cstrong>PÚBLICO ALVO\u003C\u002Fstrong> Geral\u003C\u002Fp>\u003Cp>\u003Cstrong>INÍCIO DO FUNDO\u003C\u002Fstrong> 30\u002F08\u002F2019\u003C\u002Fp>\u003Ch3>GESTOR\u003C\u002Fh3>\u003Cp>R Capital Asset Management Investimentos S.A.\u003C\u002Fp>\u003Cp>\u003Cstrong>ADMINISTRADOR E CUSTODIANTE\u003C\u002Fstrong> Vórtx DTVM\u003C\u002Fp>\u003Ch3>TAXA DE GESTÃO E ADMINISTRAÇÃO\u003C\u002Fh3>\u003Cp>\u003Cstrong>PL ou Market Cap. Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Até R$ 250 MM 1,50%\u003C\u002Fp>\u003Cp>De R$ 250 até 500 MM 1,30%\u003C\u002Fp>\u003Cp>De R$ 500 até 750 MM 1,10%\u003C\u002Fp>\u003Cp>De R$ 750 até 1.000 MM 0,95%\u003C\u002Fp>\u003Cp>Acima de R$ 1.000 MM 0,85%\u003C\u002Fp>\u003Ch3>TAXA DE PERFORMANCE\u003C\u002Fh3>\u003Cp>20% do que exceder I PCA+4% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>DIVULGAÇÃO DE RENDIMENTOS\u003C\u002Fstrong> 5º dia útil de cada mês\u003C\u002Fp>\u003Ch3>PAGAMENTO DE RENDIMENTOS\u003C\u002Fh3>\u003Cp>10º dia útil de cada mês\u003C\u002Fp>\u003Ch3>R$ 208,222 milhões\u003C\u002Fh3>\u003Cp>Patrimônio líquido em 31\u002F12\u002F2025\u003C\u002Fp>\u003Cp>\u003Cstrong>46.708\u003C\u002Fstrong> Número de cotistas\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 0,007\u002Fcota\u003C\u002Fstrong> Provento do período\u003C\u002Fp>\u003Cp>\u003Cstrong>5.841.892\u003C\u002Fstrong> Cotas pós-inplit.\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 35,64\u003C\u002Fstrong> Cota patrimonial em 31\u002F12\u002F2025\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 2,01\u003C\u002Fstrong> Cota de mercado em 30\u002F12\u002F2025\u003C\u002Fp>\u003Ch3>Estratégia\u003C\u002Fh3>\u003Cp>O Tordesilhas EI FII busca rentabilizar seu patrimônio com retornos significativamente acima da média do mercado. É um fundo oportunístico e de desenvolvimento de projetos imobiliários, que utiliza a sobra de caixa para alocar em CRIs e outros papéis de dívida, por meio de estruturas, muitas vezes, não convencionais, mas que apresentem retorno compatível com o risco tomado.\u003C\u002Fp>\u003Ch3>Comentários do Gestor – dez\u002F25\u003C\u002Fh3>\u003Cp>Prezado(a) Investidor(a),\u003C\u002Fp>\u003Cp>Informamos que, referente ao resultado do mês de dezembro, o Fundo distribuiu R$0,007 por cota, o que representa um Dividend Yield de 0,34% (ou 0,40% com Gross-Up) sobre a cota média de ingresso no período, de R$ 2,07, o que representa a uma rentabilidade de cerca de 32,57% do CDI no período, considerando Gross-Up.\u003C\u002Fp>\u003Cp>\u003Cstrong>Receita do Fundo\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A receita apurada no mês foi proveniente dos dividendos do DVFF11 e dos seguintes CRIs: HF Engenharia, Araguaína Park, Quatto Atlantis, Hope, Recanto dos Pássaros e Fundo de Liquidez. A receita de CRIs apresentou redução em relação ao mês anterior, impactada por:\u003C\u002Fp>\u003Cp>Redução do IPCA: O índice registrou uma variação positiva de 0,09% em outubro (m-2), comparado a 0,48% no mês anterior.\u003C\u002Fp>\u003Cp>Redução no número de dias úteis entre os pagamentos (PMTs): Foram contabilizados 22 dias úteis, contra 23 dias úteis no mês anterior;\u003C\u002Fp>\u003Cp>Não recebimento do CRI Pride II.\u003C\u002Fp>\u003Ch3>Taxa de Gestão\u003C\u002Fh3>\u003Cp>Conforme prática adotada desde abril de 2024, a gestora renunciou à cobrança da taxa de gestão.\u003C\u002Fp>\u003Ch3>OBJETIVO DO FUNDO\u003C\u002Fh3>\u003Cp>Proporcionar aos cotistas a valorização e a rentabilidade de suas cotas no longo prazo, por meio de investimentos em ativos imobiliários, auferindo rendimentos e ganhos de capital advindos destes.\u003C\u002Fp>\u003Ch3>CNPJ\u003C\u002Fh3>\u003Cp>30.230.870\u002F0001-18\u003C\u002Fp>\u003Cp>\u003Cstrong>TICKER\u003C\u002Fstrong> B3:TORD11\u003C\u002Fp>\u003Cp>\u003Cstrong>CÓDIGO ISIN:\u003C\u002Fstrong> BRTORDCTF015\u003C\u002Fp>\u003Ch3>CLASSIFICAÇÃO CVM\u003C\u002Fh3>\u003Cp>\u003Cstrong>CLASSIFICAÇÃO ANBIMA Mandato:\u003C\u002Fstrong> Hibrido \u003Cstrong>| Gestão:\u003C\u002Fstrong> Ativa\u003C\u002Fp>\u003Cp>\u003Cstrong>PRAZO DE DURAÇÃO\u003C\u002Fstrong> Indeterminado\u003C\u002Fp>\u003Cp>\u003Cstrong>PÚBLICO ALVO\u003C\u002Fstrong> Geral\u003C\u002Fp>\u003Cp>\u003Cstrong>INÍCIO DO FUNDO\u003C\u002Fstrong> 30\u002F08\u002F2019\u003C\u002Fp>\u003Ch3>GESTOR\u003C\u002Fh3>\u003Cp>R Capital Asset Management Investimentos S.A.\u003C\u002Fp>\u003Cp>\u003Cstrong>ADMINISTRADOR E CUSTODIANTE\u003C\u002Fstrong> Vórtx DTVM\u003C\u002Fp>\u003Ch3>TAXA DE GESTÃO E ADMINISTRAÇÃO\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>PL ou Market Cap.\u003C\u002Fth>\u003Cth>Taxa\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Até R$ 250 MM\u003C\u002Ftd>\u003Ctd>1,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 250 até 500 MM\u003C\u002Ftd>\u003Ctd>1,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 500 até 750 MM\u003C\u002Ftd>\u003Ctd>1,10%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 750 até 1.000 MM\u003C\u002Ftd>\u003Ctd>0,95%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Acima de R$ 1.000 MM\u003C\u002Ftd>\u003Ctd>0,85%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>TAXA DE PERFORMANCE\u003C\u002Fh3>\u003Cp>20% do que exceder I PCA+4% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>DIVULGAÇÃO DE RENDIMENTOS\u003C\u002Fstrong> 5º dia útil de cada mês\u003C\u002Fp>\u003Cp>\u003Cstrong>PAGAMENTO DE RENDIMENTOS\u003C\u002Fstrong> 10º dia útil de cada mês\u003C\u002Fp>\u003Ch3>Comentários do Gestor – jan\u002F26 – abr\u002F26\u003C\u002Fh3>\u003Ch3>Distribuição de Rendimentos\u003C\u002Fh3>\u003Cp>Informamos que, referente ao resultado do mês de janeiro, o Fundo distribuiu R$0,006 por cota, o que representa um Dividend Yield de 0,32% (ou 0,37% com Gross-Up) sobre a cota média de ingresso no período, de R$ 1,88, o que representa a uma rentabilidade de cerca de 32,20% do CDI no período, considerando Gross-Up.\u003C\u002Fp>\u003Cp>Informamos também que, referente ao resultado do mês de fevereiro, o Fundo distribuiu R$0,0045 por cota, o que representa um Dividend Yield de 0,26% (ou 0,31% com Gross-Up) sobre a cota média de ingresso no período, de R$ 1,71, o que representa a uma rentabilidade de cerca de 31,05% do CDI no período, considerando Gross-Up.\u003C\u002Fp>\u003Cp>E, da mesma forma, referente ao resultado do mês de março, o Fundo distribuiu R$0,005 por cota, o que representa um Dividend Yield de 0,31% (ou 0,36% com Gross-Up) sobre a cota média de ingresso no período, de R$ 1,63, o que representa a uma rentabilidade de cerca de 29,83% do CDI no período, considerando Gross-Up.\u003C\u002Fp>\u003Cp>E, por fim, referente ao resultado do mês de abril, o Fundo distribuiu R$0,0075 por cota, o que representa um Dividend Yield de 0,50% (ou 0,59% com Gross-Up) sobre a cota média de ingresso no período, de R$ 1,51, o que representa a uma rentabilidade de cerca de 53,74% do CDI no período, considerando Gross-Up.\u003C\u002Fp>\u003Ch3>Resultado do Fundo\u003C\u002Fh3>\u003Cp>Evolução IPCA x DU entre PMTs\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_2_chart_30.jpg\">\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>OBJETIVO DO FUNDO\u003C\u002Fh3>\u003Cp>Proporcionar aos cotistas a valorização e a rentabilidade de suas cotas no longo prazo, por meio de investimentos em ativos imobiliários, auferindo rendimentos e ganhos de capital advindos destes.\u003C\u002Fp>\u003Ch3>CNPJ\u003C\u002Fh3>\u003Cp>30.230.870\u002F0001-18\u003C\u002Fp>\u003Ch3>TICKER\u003C\u002Fh3>\u003Cp>B3:TORD11\u003C\u002Fp>\u003Cp>\u003Cstrong>CÓDIGO ISIN:\u003C\u002Fstrong> BRTORDCTF015\u003C\u002Fp>\u003Ch3>CLASSIFICAÇÃO CVM\u003C\u002Fh3>\u003Cp>Fundo de Investimento Imobiliário\u003C\u002Fp>\u003Cp>\u003Cstrong>CLASSIFICAÇÃO ANBIMA Mandato:\u003C\u002Fstrong> Hibrido \u003Cstrong>| Gestão:\u003C\u002Fstrong> Ativa\u003C\u002Fp>\u003Cp>\u003Cstrong>PRAZO DE DURAÇÃO\u003C\u002Fstrong> Indeterminado\u003C\u002Fp>\u003Cp>\u003Cstrong>PÚBLICO ALVO\u003C\u002Fstrong> Geral\u003C\u002Fp>\u003Cp>\u003Cstrong>INÍCIO DO FUNDO\u003C\u002Fstrong> 30\u002F08\u002F2019\u003C\u002Fp>\u003Ch3>GESTOR\u003C\u002Fh3>\u003Cp>R Capital Asset Management Investimentos S.A.\u003C\u002Fp>\u003Cp>\u003Cstrong>ADMINISTRADOR E CUSTODIANTE\u003C\u002Fstrong> Vórtx DTVM\u003C\u002Fp>\u003Ch3>Comentários do Gestor – jan\u002F26 – abr\u002F26\u003C\u002Fh3>\u003Cp>Em relação às receitas do Fundo nesse período, ela foi proveniente dos dividendos do DVFF11 e dos seguintes CRIs: HF Engenharia, Araguaína Park, Quatto Atlantis, Hope, Recanto dos Pássaros e Fundo de Liquidez. Conforme gráfico do slide anterior, no período indicado, o resultado dos CRIs variou conforme a quantidade de dias úteis entre as PMTs e da evolução da inflação do período. Não houve nenhuma outra movimentação significativa nesses meses.\u003C\u002Fp>\u003Cp>• CRI Recanto dos Pássaros: Saida de sócio em conjunto com substituição de fiança dos respectivo sócio por garantia real;\u003C\u002Fp>\u003Cp>Em relação às despesas do Fundo, em março, houve um aumento nas despesas, por conta de pagamentos da taxa cobrada pela B3.\u003C\u002Fp>\u003Cp>Conforme prática adotada desde abril de 2024, a gestora renunciou à cobrança da taxa de gestão.\u003C\u002Fp>\u003Cp>Ainda nesse período, foram deliberadas:\u003C\u002Fp>\u003Cp>Permanecemos à disposição para esclarecimentos adicionais.\u003C\u002Fp>\u003Cp>CRI Pride II: Substituição de garantias e carência de pagamentos.\u003C\u002Fp>\u003Ch3>Taxa de Gestão\u003C\u002Fh3>\u003Ch3>TAXA DE GESTÃO E ADMINISTRAÇÃO\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>PL ou Market Cap.\u003C\u002Fth>\u003Cth>Taxa\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Até R$ 250 MM\u003C\u002Ftd>\u003Ctd>1,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 250 até 500 MM\u003C\u002Ftd>\u003Ctd>1,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 500 até 750 MM\u003C\u002Ftd>\u003Ctd>1,10%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 750 até 1.000 MM\u003C\u002Ftd>\u003Ctd>0,95%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Acima de R$ 1.000 MM\u003C\u002Ftd>\u003Ctd>0,85%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>DIVULGAÇÃO DE RENDIMENTOS\u003C\u002Fstrong> 5º dia útil de cada mês\u003C\u002Fp>\u003Cp>10º dia útil de cada mês\u003C\u002Fp>\u003Ch3>TAXA DE PERFORMANCE\u003C\u002Fh3>\u003Cp>20% do que exceder I PCA+4% a.a.\u003C\u002Fp>\u003Ch3>PAGAMENTO DE RENDIMENTOS\u003C\u002Fh3>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Demonstração do Resultado do Exercício Gerencial\u003C\u002Fh3>\u003Cp>▪ Para apuração do Resultado Caixa, consideram-se as receitas e despesas transitadas pelo caixa do FII\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Para apuração do Resultado Contábil, çonsideram-se as receitas e despesas apropriadas segundo o regime de çompetência. R$ mil\u003C\u002Fth>\u003Cth>2024\u003C\u002Fth>\u003Cth>jan\u002F25\u003C\u002Fth>\u003Cth>fev\u002F25\u003C\u002Fth>\u003Cth>mar\u002F25\u003C\u002Fth>\u003Cth>abr\u002F25\u003C\u002Fth>\u003Cth>mai\u002F25\u003C\u002Fth>\u003Cth>jun\u002F25\u003C\u002Fth>\u003Cth>jul\u002F25\u003C\u002Fth>\u003Cth>ago\u002F25\u003C\u002Fth>\u003Cth>set\u002F25\u003C\u002Fth>\u003Cth>out\u002F25\u003C\u002Fth>\u003Cth>nov\u002F25\u003C\u002Fth>\u003Cth>dez\u002F25\u003C\u002Fth>\u003Cth>2025\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>REGIME DE CAIXA\u002FFINANCEIRO\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total de Receitas Caixa\u003C\u002Ftd>\u003Ctd>403\u003C\u002Ftd>\u003Ctd>106\u003C\u002Ftd>\u003Ctd>131\u003C\u002Ftd>\u003Ctd>112\u003C\u002Ftd>\u003Ctd>169\u003C\u002Ftd>\u003Ctd>139\u003C\u002Ftd>\u003Ctd>132\u003C\u002Ftd>\u003Ctd>125\u003C\u002Ftd>\u003Ctd>122\u003C\u002Ftd>\u003Ctd>133\u003C\u002Ftd>\u003Ctd>107\u003C\u002Ftd>\u003Ctd>101\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1.448\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Equities\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>72\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>99\u003C\u002Ftd>\u003Ctd>96\u003C\u002Ftd>\u003Ctd>85\u003C\u002Ftd>\u003Ctd>85\u003C\u002Ftd>\u003Ctd>97\u003C\u002Ftd>\u003Ctd>74\u003C\u002Ftd>\u003Ctd>72\u003C\u002Ftd>\u003Ctd>42\u003C\u002Ftd>\u003Ctd>1.005\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI's\u003C\u002Ftd>\u003Ctd>(530)\u003C\u002Ftd>\u003Ctd>50\u003C\u002Ftd>\u003Ctd>95\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>136\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>92\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FlI's Outras Receitas\u003C\u002Ftd>\u003Ctd>505\u003C\u002Ftd>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>351\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>428\u003C\u002Ftd>\u003Ctd>47\u003C\u002Ftd>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>26\u003C\u002Ftd>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>(601)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total de Despesas Caixa Taxa de Administração\u003C\u002Ftd>\u003Ctd>(395)\u003C\u002Ftd>\u003Ctd>(20) (15)\u003C\u002Ftd>\u003Ctd>(65)\u003C\u002Ftd>\u003Ctd>(21)\u003C\u002Ftd>\u003Ctd>(71)\u003C\u002Ftd>\u003Ctd>(78)\u003C\u002Ftd>\u003Ctd>(22)\u003C\u002Ftd>\u003Ctd>(33)\u003C\u002Ftd>\u003Ctd>(45)\u003C\u002Ftd>\u003Ctd>(48) (34)\u003C\u002Ftd>\u003Ctd>(77)\u003C\u002Ftd>\u003Ctd>(80) (3)\u003C\u002Ftd>\u003Ctd>(41) (37)\u003C\u002Ftd>\u003Ctd>(330)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Gestão\u003C\u002Ftd>\u003Ctd>(170) (27)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(39)\u003C\u002Ftd>\u003Ctd>(15)\u003C\u002Ftd>\u003Ctd>(33)\u003C\u002Ftd>\u003Ctd>(15)\u003C\u002Ftd>\u003Ctd>(15)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(38)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(70)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Escrituração\u003C\u002Ftd>\u003Ctd>(14)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(14)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas 1\u003C\u002Ftd>\u003Ctd>(184)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(24)\u003C\u002Ftd>\u003Ctd>(6)\u003C\u002Ftd>\u003Ctd>(37)\u003C\u002Ftd>\u003Ctd>(62)\u003C\u002Ftd>\u003Ctd>(6)\u003C\u002Ftd>\u003Ctd>(14)\u003C\u002Ftd>\u003Ctd>(6)\u003C\u002Ftd>\u003Ctd>(13)\u003C\u002Ftd>\u003Ctd>(6)\u003C\u002Ftd>\u003Ctd>(75)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(257)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Performance ²\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IR s\u002F Operações Fll's\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Caixa\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>85\u003C\u002Ftd>\u003Ctd>67\u003C\u002Ftd>\u003Ctd>90\u003C\u002Ftd>\u003Ctd>98\u003C\u002Ftd>\u003Ctd>58\u003C\u002Ftd>\u003Ctd>110\u003C\u002Ftd>\u003Ctd>91\u003C\u002Ftd>\u003Ctd>77\u003C\u002Ftd>\u003Ctd>85\u003C\u002Ftd>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>847\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição Caixa Var. Reserva de Lucro Caixa\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(171)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(210)\u003C\u002Ftd>\u003Ctd>(273)\u003C\u002Ftd>\u003Ctd>(58)\u003C\u002Ftd>\u003Ctd>(58)\u003C\u002Ftd>\u003Ctd>(58)\u003C\u002Ftd>\u003Ctd>(58)\u003C\u002Ftd>\u003Ctd>(58)\u003C\u002Ftd>\u003Ctd>(946)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reserva de Lucro Caixa Acum.\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>(86)\u003C\u002Ftd>\u003Ctd>67\u003C\u002Ftd>\u003Ctd>90\u003C\u002Ftd>\u003Ctd>98\u003C\u002Ftd>\u003Ctd>58\u003C\u002Ftd>\u003Ctd>(99)\u003C\u002Ftd>\u003Ctd>(182)\u003C\u002Ftd>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>27\u003C\u002Ftd>\u003Ctd>(29)\u003C\u002Ftd>\u003Ctd>(37)\u003C\u002Ftd>\u003Ctd>(24)\u003C\u002Ftd>\u003Ctd>(99)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>REGIME DE\u003C\u002Ftd>\u003Ctd>(17.392)\u003C\u002Ftd>\u003Ctd>(17.136)\u003C\u002Ftd>\u003Ctd>(17.069)\u003C\u002Ftd>\u003Ctd>(16.979)\u003C\u002Ftd>\u003Ctd>(16.881)\u003C\u002Ftd>\u003Ctd>(16.822)\u003C\u002Ftd>\u003Ctd>(16.922)\u003C\u002Ftd>\u003Ctd>(17.103)\u003C\u002Ftd>\u003Ctd>(17.085)\u003C\u002Ftd>\u003Ctd>(17.058)\u003C\u002Ftd>\u003Ctd>(17.087)\u003C\u002Ftd>\u003Ctd>(17.124)\u003C\u002Ftd>\u003Ctd>(17.148)\u003C\u002Ftd>\u003Ctd>(17.148)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>COMPETÊNCIA\u002FCONTABIL\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total de Receitas Contábeis\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1.139\u003C\u002Ftd>\u003Ctd>(931)\u003C\u002Ftd>\u003Ctd>110\u003C\u002Ftd>\u003Ctd>1.488\u003C\u002Ftd>\u003Ctd>774\u003C\u002Ftd>\u003Ctd>(43)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>251\u003C\u002Ftd>\u003Ctd>(472)\u003C\u002Ftd>\u003Ctd>1.471\u003C\u002Ftd>\u003Ctd>1.388\u003C\u002Ftd>\u003Ctd>1.370\u003C\u002Ftd>\u003Ctd>2.348\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Equities\u003C\u002Ftd>\u003Ctd>(21.496)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(4.200)\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's\u003C\u002Ftd>\u003Ctd>(3.221)\u003C\u002Ftd>\u003Ctd>994\u003C\u002Ftd>\u003Ctd>(864)\u003C\u002Ftd>\u003Ctd>(155)\u003C\u002Ftd>\u003Ctd>1.444\u003C\u002Ftd>\u003Ctd>726\u003C\u002Ftd>\u003Ctd>(28)\u003C\u002Ftd>\u003Ctd>260\u003C\u002Ftd>\u003Ctd>294\u003C\u002Ftd>\u003Ctd>(383)\u003C\u002Ftd>\u003Ctd>1.565\u003C\u002Ftd>\u003Ctd>1.522\u003C\u002Ftd>\u003Ctd>1.416\u003C\u002Ftd>\u003Ctd>6.791\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FlI's\u003C\u002Ftd>\u003Ctd>(18.584)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(95)\u003C\u002Ftd>\u003Ctd>234\u003C\u002Ftd>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>19\u003C\u002Ftd>\u003Ctd>(43)\u003C\u002Ftd>\u003Ctd>(4.493)\u003C\u002Ftd>\u003Ctd>(72)\u003C\u002Ftd>\u003Ctd>(117)\u003C\u002Ftd>\u003Ctd>(119)\u003C\u002Ftd>\u003Ctd>(155)\u003C\u002Ftd>\u003Ctd>(70)\u003C\u002Ftd>\u003Ctd>(4.795)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas Total de Despesas Contábeis\u003C\u002Ftd>\u003Ctd>310 (395)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>28 (65)\u003C\u002Ftd>\u003Ctd>32 (21)\u003C\u002Ftd>\u003Ctd>26 (71)\u003C\u002Ftd>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>29 (83)\u003C\u002Ftd>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>29\u003C\u002Ftd>\u003Ctd>28\u003C\u002Ftd>\u003Ctd>25\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>351 (10)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de administração\u003C\u002Ftd>\u003Ctd>(170)\u003C\u002Ftd>\u003Ctd>(15)\u003C\u002Ftd>\u003Ctd>(39)\u003C\u002Ftd>\u003Ctd>(15)\u003C\u002Ftd>\u003Ctd>(33)\u003C\u002Ftd>\u003Ctd>(71) (15)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(303) (38)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(60) (36)\u003C\u002Ftd>\u003Ctd>8644\u003C\u002Ftd>\u003Ctd>(299)\u003C\u002Ftd>\u003Ctd>136 (36)\u003C\u002Ftd>\u003Ctd>(125)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de gestão\u003C\u002Ftd>\u003Ctd>(27)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(13)\u003C\u002Ftd>\u003Ctd>(99)\u003C\u002Ftd>\u003Ctd>(247)\u003C\u002Ftd>\u003Ctd>(34) 26\u003C\u002Ftd>\u003Ctd>(10)\u003C\u002Ftd>\u003Ctd>150 733\u003C\u002Ftd>\u003Ctd>(202)\u003C\u002Ftd>\u003Ctd>202\u003C\u002Ftd>\u003Ctd>389\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de escrituração\u003C\u002Ftd>\u003Ctd>(14)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>(1)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(14)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas 1\u003C\u002Ftd>\u003Ctd>(184)\u003C\u002Ftd>\u003Ctd>(5)\u003C\u002Ftd>\u003Ctd>(24)\u003C\u002Ftd>\u003Ctd>(6)\u003C\u002Ftd>\u003Ctd>(37)\u003C\u002Ftd>\u003Ctd>(42)\u003C\u002Ftd>\u003Ctd>36\u003C\u002Ftd>\u003Ctd>(17)\u003C\u002Ftd>\u003Ctd>(8)\u003C\u002Ftd>\u003Ctd>(12)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(98)\u003C\u002Ftd>\u003Ctd>(30)\u003C\u002Ftd>\u003Ctd>(261)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Performance ²\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IR s\u002F Operações Fll's\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1.119\u003C\u002Ftd>\u003Ctd>(995)\u003C\u002Ftd>\u003Ctd>89\u003C\u002Ftd>\u003Ctd>1.417\u003C\u002Ftd>\u003Ctd>703\u003C\u002Ftd>\u003Ctd>(126)\u003C\u002Ftd>\u003Ctd>(4.503)\u003C\u002Ftd>\u003Ctd>234\u003C\u002Ftd>\u003Ctd>(531)\u003C\u002Ftd>\u003Ctd>2.335\u003C\u002Ftd>\u003Ctd>1.089\u003C\u002Ftd>\u003Ctd>1.507\u003C\u002Ftd>\u003Ctd>2.338\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Contábil Distribuição Caixa\u003C\u002Ftd>\u003Ctd>(21.891)\u003C\u002Ftd>\u003Ctd>(171) 948\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Col>\u003Cli>\u003Cp>Incluem despesas com reguladores (CVM, Anbima), taxas, impostos ou contribuições governamentais, auditores independentes e diferimentos;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Provisionada diariamente e paga semestralmente no 15.º dia útil subsequente ao fechamento do semestre;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Calculado sobre a cota média de mercado do mês (m-1);\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Alocação – Carteira\u003C\u002Fh3>\u003Cp>Por tipo de ativo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_5_chart_4.jpg\">\u003C\u002Fp>\u003Cp>CRI FIIs Equity Caixa\u003C\u002Fp>\u003Cp>Por setor\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_5_chart_7.jpg\">\u003C\u002Fp>\u003Cp>Por status ¹\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Performado Não Performado\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_5_chart_11.jpg\">\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Alocação – CRIs\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Cupom médio\u003C\u002Fth>\u003Cth>Prazo médio\u003C\u002Fth>\u003Cth>Duration médio ¹\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,24% a.a.\u003C\u002Ftd>\u003Ctd>4,0 anos\u003C\u002Ftd>\u003Ctd>2,4 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>INPC\u003C\u002Ftd>\u003Ctd>12,00% a.a.\u003C\u002Ftd>\u003Ctd>5,2 anos\u003C\u002Ftd>\u003Ctd>2,3 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Prefixado\u003C\u002Ftd>\u003Ctd>10,00% a.a.\u003C\u002Ftd>\u003Ctd>11,6 anos\u003C\u002Ftd>\u003Ctd>7,0 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Média ponderada:\u003C\u002Ftd>\u003Ctd>12,19% a.a.\u003C\u002Ftd>\u003Ctd>4,1 anos\u003C\u002Ftd>\u003Ctd>2,5 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Por indexador\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_6_chart_5.jpg\">\u003C\u002Fp>\u003Cp>Por classe\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_6_chart_7.jpg\">\u003C\u002Fp>\u003Cp>Por segmento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_6_chart_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_6_chart_10.jpg\">\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Cp>\u003Cstrong>Portfólio\u003C\u002Fstrong> – CRIs\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd rowspan=\"2\">CRI\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Segm1\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Série\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Indexador\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa deJuros(a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Duration²\u003C\u002Ftd>\u003Ctd rowspan=\"2\">ObraExecutada²\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Vendas²\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Inad. Acum.²\u003C\u002Ftd>\u003Ctd colspan=\"2\">Razão PMT\u003C\u002Ftd>\u003Ctd colspan=\"2\">Razão Saldo Devedor\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Quant.\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Posição(R$ MM)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">% do PL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Atual²\u003C\u002Ftd>\u003Ctd>Limite\u003C\u002Ftd>\u003Ctd>Atual²\u003C\u002Ftd>\u003Ctd>Limite\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">WAM Holding C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,06%\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003Ctd colspan=\"2\">N\u002FA N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd colspan=\"2\">N\u002FA N\u002FA\u003C\u002Ftd>\u003Ctd colspan=\"2\">N\u002FA N\u002FA\u003C\u002Ftd>\u003Ctd>28.743\u003C\u002Ftd>\u003Ctd>42,61\u003C\u002Ftd>\u003Ctd>20,46%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GPK\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,50%\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>1%\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>23.307\u003C\u002Ftd>\u003Ctd>26,99\u003C\u002Ftd>\u003Ctd>12,96%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Hope\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd colspan=\"2\">N\u002FA N\u002FA\u003C\u002Ftd>\u003Ctd>6.915\u003C\u002Ftd>\u003Ctd>9,31\u003C\u002Ftd>\u003Ctd>4,47%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Hope\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,34%\u003C\u002Ftd>\u003Ctd>4,1\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd colspan=\"2\">N\u002FA N\u002FA\u003C\u002Ftd>\u003Ctd>2.963\u003C\u002Ftd>\u003Ctd>4,25\u003C\u002Ftd>\u003Ctd>2,04%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LoteamentosGoias\u003C\u002Ftd>\u003Ctd>L\u003C\u002Ftd>\u003Ctd>Mez\u003C\u002Ftd>\u003Ctd>Pré\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>7,0\u003C\u002Ftd>\u003Ctd>58%\u003C\u002Ftd>\u003Ctd>95%\u003C\u002Ftd>\u003Ctd>7,13%\u003C\u002Ftd>\u003Ctd>2%\u003C\u002Ftd>\u003Ctd>105%\u003C\u002Ftd>\u003Ctd colspan=\"2\">43% 110%\u003C\u002Ftd>\u003Ctd>1.646\u003C\u002Ftd>\u003Ctd>1,85\u003C\u002Ftd>\u003Ctd>0,89%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pride II\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,79%\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>0%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>105%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>110%\u003C\u002Ftd>\u003Ctd>974\u003C\u002Ftd>\u003Ctd>1,01\u003C\u002Ftd>\u003Ctd>0,49%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Quatto Atlantis\u003C\u002Ftd>\u003Ctd>L\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>INPC\u003C\u002Ftd>\u003Ctd>12,00%\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>1,47%\u003C\u002Ftd>\u003Ctd>204%\u003C\u002Ftd>\u003Ctd>120%\u003C\u002Ftd>\u003Ctd>239%\u003C\u002Ftd>\u003Ctd>120%\u003C\u002Ftd>\u003Ctd>1.290\u003C\u002Ftd>\u003Ctd>0,81\u003C\u002Ftd>\u003Ctd>0,39%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">HF Engenharia L\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>15,00%\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>1,76%\u003C\u002Ftd>\u003Ctd>148%\u003C\u002Ftd>\u003Ctd>120%\u003C\u002Ftd>\u003Ctd>147%\u003C\u002Ftd>\u003Ctd>120%\u003C\u002Ftd>\u003Ctd>1.170\u003C\u002Ftd>\u003Ctd>0,77\u003C\u002Ftd>\u003Ctd>0,37%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Recanto dosPássaros\u003C\u002Ftd>\u003Ctd>L\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,50%\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>97%\u003C\u002Ftd>\u003Ctd>3,61%\u003C\u002Ftd>\u003Ctd>198%\u003C\u002Ftd>\u003Ctd>120%\u003C\u002Ftd>\u003Ctd colspan=\"2\">193% 120%\u003C\u002Ftd>\u003Ctd>1.336\u003C\u002Ftd>\u003Ctd>0,71\u003C\u002Ftd>\u003Ctd>0,34%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">Brasil Parques C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd colspan=\"2\">IPCA 10,50%\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd colspan=\"2\">43% 150%\u003C\u002Ftd>\u003Ctd>645\u003C\u002Ftd>\u003Ctd>0,69\u003C\u002Ftd>\u003Ctd>0,33%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">Araguaína Park V\u003C\u002Ftd>\u003Ctd colspan=\"4\">Sub IPCA 11,50% 3,6\u003C\u002Ftd>\u003Ctd colspan=\"2\">3% 97%\u003C\u002Ftd>\u003Ctd>4,12%\u003C\u002Ftd>\u003Ctd colspan=\"2\">1136% 120%\u003C\u002Ftd>\u003Ctd colspan=\"2\">1226% 120%\u003C\u002Ftd>\u003Ctd>2.160\u003C\u002Ftd>\u003Ctd>0,53\u003C\u002Ftd>\u003Ctd>0,25%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"3\">HF Engenharia L Sr\u003C\u002Ftd>\u003Ctd colspan=\"3\">IPCA 10,00% 2,5\u003C\u002Ftd>\u003Ctd colspan=\"2\">N\u002FA 100%\u003C\u002Ftd>\u003Ctd>1,76%\u003C\u002Ftd>\u003Ctd colspan=\"2\">263% 220%\u003C\u002Ftd>\u003Ctd colspan=\"2\">258% 220%\u003C\u002Ftd>\u003Ctd>265\u003C\u002Ftd>\u003Ctd colspan=\"2\">0,16 0,08%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>\u003Cstrong>12,19% 2,5\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>89,68 43,07%\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio – Fundos\u003C\u002Fh3>\u003Cp>\u003Cstrong>Obs.:\u003C\u002Fstrong> Não há incidência de taxa de gestão sobre a parcela do patrimônio líquido referente aos fundos: \u003Cstrong>Lote M², SRVD11 e XBXO11.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Fundo\u003C\u002Fth>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Custo (R$ MM)\u003C\u002Fth>\u003Cth>Quantidade de Cotas\u003C\u002Fth>\u003Cth>Posição (R$ MM)\u003C\u002Fth>\u003Cth>% do PL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>DVFF11 - Devant FoF\u003C\u002Ftd>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Fundo de Fundos\u003C\u002Ftd>\u003Ctd>1,16\u003C\u002Ftd>\u003Ctd>116.150\u003C\u002Ftd>\u003Ctd>0,68\u003C\u002Ftd>\u003Ctd>0,33%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IC Loteamentos e Recebíveis\u003C\u002Ftd>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Loteamento Residencial\u003C\u002Ftd>\u003Ctd>8,47\u003C\u002Ftd>\u003Ctd>84.662\u003C\u002Ftd>\u003Ctd>7,66\u003C\u002Ftd>\u003Ctd>3,68%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lote M²\u003C\u002Ftd>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Loteamento & Loteadoras\u003C\u002Ftd>\u003Ctd>50,43\u003C\u002Ftd>\u003Ctd>50.875.147\u003C\u002Ftd>\u003Ctd>55,15\u003C\u002Ftd>\u003Ctd>26,49%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SRVD11 - Serra Verde\u003C\u002Ftd>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Economia Compartilhada\u003C\u002Ftd>\u003Ctd>22,22\u003C\u002Ftd>\u003Ctd>11.656.958\u003C\u002Ftd>\u003Ctd>1,92\u003C\u002Ftd>\u003Ctd>0,92%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>XBXO11 - RCap 1810 FoF\u003C\u002Ftd>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Shopping\u003C\u002Ftd>\u003Ctd>20,50\u003C\u002Ftd>\u003Ctd>205.000\u003C\u002Ftd>\u003Ctd>1,74\u003C\u002Ftd>\u003Ctd>0,84%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Portfólio\u003Csup>¹\u003C\u002Fsup> – Equities\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Custo\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Posição\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>UF\u003C\u002Ftd>\u003Ctd>Município\u003C\u002Ftd>\u003Ctd>Segmento\u003C\u002Ftd>\u003Ctd>(R$ MM)\u003C\u002Ftd>\u003Ctd>% do Empreendimento\u003C\u002Ftd>\u003Ctd>(R$ MM)\u003C\u002Ftd>\u003Ctd>% do PL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Makaira Beach Resort\u003C\u002Ftd>\u003Ctd>BA\u003C\u002Ftd>\u003Ctd>Canavieiras\u003C\u002Ftd>\u003Ctd>Multipropriedade\u003C\u002Ftd>\u003Ctd>28,31\u003C\u002Ftd>\u003Ctd>100,00%\u003C\u002Ftd>\u003Ctd>16,37\u003C\u002Ftd>\u003Ctd>7,86%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ondas Praia Resort\u003C\u002Ftd>\u003Ctd>BA\u003C\u002Ftd>\u003Ctd>Porto Seguro\u003C\u002Ftd>\u003Ctd>Multipropriedade\u003C\u002Ftd>\u003Ctd>14,93\u003C\u002Ftd>\u003Ctd>30,00%\u003C\u002Ftd>\u003Ctd>5,02\u003C\u002Ftd>\u003Ctd>2,41%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>¹\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>43,24\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>21,39\u003C\u002Ftd>\u003Ctd>10,27%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Portfólio\u003Csup>¹\u003C\u002Fsup> – A receber\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Objeto\u003C\u002Fth>\u003Cth>UF\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Custo (R$ MM)\u003C\u002Fth>\u003Cth>Valor recebido (R$ MM)\u003C\u002Fth>\u003Cth>Valor a receber (R$ MM)\u003C\u002Fth>\u003Cth>% do PL\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Venda participação Motto by Hilton Ibira\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Condo-hotel\u003C\u002Ftd>\u003Ctd>13,20\u003C\u002Ftd>\u003Ctd>7,58\u003C\u002Ftd>\u003Ctd>21,78\u003C\u002Ftd>\u003Ctd>10,46%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Kawana Residence\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>Multipropriedade \u002F Parque Aquático\u003C\u002Ftd>\u003Ctd>38,38\u003C\u002Ftd>\u003Ctd>4,96\u003C\u002Ftd>\u003Ctd>0,66\u003C\u002Ftd>\u003Ctd>0,32%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resort do Lago\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>Multipropriedade\u003C\u002Ftd>\u003Ctd>79,19\u003C\u002Ftd>\u003Ctd>4,23\u003C\u002Ftd>\u003Ctd>0,56\u003C\u002Ftd>\u003Ctd>0,27%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Solar das Águas\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Multipropriedade\u003C\u002Ftd>\u003Ctd>2,01\u003C\u002Ftd>\u003Ctd>2,68\u003C\u002Ftd>\u003Ctd>1,92\u003C\u002Ftd>\u003Ctd>0,92%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>19,46\u003C\u002Ftd>\u003Ctd>24,92\u003C\u002Ftd>\u003Ctd>11,97%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Cp>Performance no Mercado Secundário¹ (Desde o IPO)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_9_chart_3.jpg\">\u003C\u002Fp>\u003Cp>Portfólio Detalhado – CRIs\u003C\u002Fp>\u003Cp>\u003Cstrong>Pride II\u003C\u002Fstrong> – Subordinada\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_9_image_6.jpg\">\u003C\u002Fp>\u003Cp>Corporativo (Incorporação Vertical)\u003C\u002Fp>\u003Cp>\u003Cstrong>Garantias:\u003C\u002Fstrong> ✓ Cessão fiduciária de direitos econômicos Alienação fiduciária de cotas Fundo de reserva ✓ Fundo de despesas ✓ Fundo de obras ✓ Fundo de aquisição\u003C\u002Fp>\u003Ch3>IF: 24B2057933\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A Pride é uma construtora de Curitiba com mais de 12 anos de experiência, especializada em construção residencial. A empresa opera em três Estados, com foco principal no Paraná. \u003Cstrong>Carência de Amortização:\u003C\u002Fstrong> ▪ 24B2057933: amortização até dez\u002F25,\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>WAM Holding – B\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_10_image_4.jpg\">\u003C\u002Fp>\u003Cp>GPK – B\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_10_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Hope – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_10_image_15.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Lazer e Turismo\u003C\u002Fp>\u003Cp>Múltiplos\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 13,06% a.a.\u003C\u002Fp>\u003Cp>20\u002F12\u002F2027\u003C\u002Fp>\u003Cp>Lazer e Turismo\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Múltiplos\u003C\u002Fp>\u003Cp>22\u002F07\u002F2030\u003C\u002Fp>\u003Cp>IPCA + 11,50% a.a.\u003C\u002Fp>\u003Cp>Lazer e Turismo\u003C\u002Fp>\u003Cp>Múltiplos\u003C\u002Fp>\u003Cp>20\u002F02\u002F2034\u003C\u002Fp>\u003Cp>IPCA + 10,00% a.a. IPCA + 13,34% a.a.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária da receita das empresas do grupo;\u003C\u002Fp>\u003Cp>✓ Fiança da pessoa jurídica controladora;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das ações da cedente e empresas controladas;\u003C\u002Fp>\u003Cp>✓ Fundo de reserva; e\u003C\u002Fp>\u003Cp>▪ 20L0505084: amortização até dez\u002F27, juros até dez\u002F25\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e futuros; ✓ Fiança das pessoas físicas sócias da devedora; ✓ Alienação fiduciária das ações da cedente; ✓ Aval da Brasil Parques S.A.; e ✓ Fundo de obra..\u003C\u002Fp>\u003Ch3>Carência de Juros e Amortização:\u003C\u002Fh3>\u003Cp>▪ 20H0225980: até jul\u002F26\u003C\u002Fp>\u003Cp>▪ 20H0225981: até jul\u002F26\u003C\u002Fp>\u003Cp>▪ 20H0225982: até jul\u002F26\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Alienação fiduciária;\u003C\u002Fp>\u003Cp>✓ Cessão fiduciária;\u003C\u002Fp>\u003Cp>✓ Fundo de reserva;\u003C\u002Fp>\u003Cp>✓ Fundo de juros; e\u003C\u002Fp>\u003Cp>✓ Prêmio de equity pela performance dos ativos, na cota subordinada.\u003C\u002Fp>\u003Cp>\u003Cstrong>Carência de Juros e Amortização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>▪ 21 H1029305: até jun\u002F26\u003C\u002Fp>\u003Cp>▪ 21 H1029306: até jun\u002F26\u003C\u002Fp>\u003Ch3>IF: 20L0505084\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia, deliberou, dentre alguns temas: a extensão do período de carência do pagamento de juros até dezembro de 2025.\u003C\u002Fp>\u003Ch3>IF: 20H0225980; 20H0225981 e 20H0225982\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia geral dos titulares dos CRIs, deliberou, dentre os principais temas a concessão de carência para os pagamentos programados até julho de 2026.\u003C\u002Fp>\u003Ch3>IF: [Sr.] 21 H1029305 [Sub.] 21 H1029306\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia, deliberou, dentre alguns temas, i) reperfilamento do CRIs, com concessão de carência de juros e amortização até junho de 2026, em contrapartida de ii) obrigação de amortização extraordinária dos CRIs, no valor mensal de R$500 mil.\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>Solar das Águas – Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_11_image_4.jpg\">\u003C\u002Fp>\u003Cp>Resort Multipropriedade\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Loteamento Goiás – Mezanino\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_11_image_8.jpg\">\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>Brasil Parques – B\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_11_image_11.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong> 22\u002F07\u002F2030\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Fiança das pessoas físicas sócias do empreendimento;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das ações da cedente;\u003C\u002Fp>\u003Cp>✓ Fundo de reserva equivalente a duas parcelas de pagamento (PMT) dos CRIs; e\u003C\u002Fp>\u003Cp>✓ Fundo de obra.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Fiança das pessoas físicas sócias dos empreendimentos;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das cotas de companhia;\u003C\u002Fp>\u003Cp>✓ Fundo de reserva no valor dos dois próximos pagamentos (PMT) dos CRIs; e\u003C\u002Fp>\u003Cp>\u003Cstrong>Carência de Juros e Amortização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>✓ 20F0736291: amortização até jun\u002F37, juros até jan\u002F24.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Fiança dos empreendimentos: Arc Big Eye Parques Temáticos e de Diversão Ltda.. e Gramado Promoção de Vendas Ltda.. (“GPV”);\u003C\u002Fp>\u003Cp>✓ Cessão fiduciária de 100% da receita dos empreendimentos da devedora;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das ações da devedora; e\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária dos imóveis que constituírem garantias da operação.\u003C\u002Fp>\u003Cp>\u003Cstrong>Carência de Juros e Amortização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>■ 21 H0769216: até jul\u002F26\u003C\u002Fp>\u003Ch3>IF: 19K1139247; 19K1139248\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>Ao longo do mês, o resultado de vendas líquidas foi negativo em 34 unidades. A inadimplência acumulada apresentou uma redução de 0,06% em relação ao mês anterior, fechando em 0,97%.\u003C\u002Fp>\u003Ch3>IF: 20F0736291\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>Em dezembro de 2025, o resultado de vendas foi positivo em 5 unidades. A inadimplência acumulada foi de 7,13%.\u003C\u002Fp>\u003Ch3>IF: 21 H0769216\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia geral dos titulares dos CRIs, deliberou, dentre os principais temas, a aprovação do pedido de waiver, que definiu a carência dos pagamentos programados até julho de 2026.\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>HF Engenharia – Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_12_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>PA\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>20\u002F01\u002F2032\u003C\u002Fp>\u003Cp>IPCA + 10,00% a.a. IPCA + 15,00% a.a.\u003C\u002Fp>\u003Ch3>Araguaína Park – Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_12_image_14.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Quatto Atlantis – B\u003C\u002Fh3>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_12_image_19.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Palmas\u002FTO\u003C\u002Fp>\u003Cp>20\u002F08\u002F2036\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 11,50% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>MT\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>20\u002F02\u002F2031\u003C\u002Fp>\u003Cp>INPC + 12,00% a.a.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Coobrigação dos Sócios;\u003C\u002Fp>\u003Cp>✓ Cessão Fiduciária de créditos atuais e vendas futuras;\u003C\u002Fp>\u003Cp>✓ Fiança de Sócios PF e PJ\u003C\u002Fp>\u003Cp>✓ Alienação Fiduciária de Quotas da Cedente\u003C\u002Fp>\u003Cp>✓ Fundo de Reserva no valor de 2 parcelas de PMT\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Fiança dos sócios do empreendimento;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das cotas da cedente; e\u003C\u002Fp>\u003Cp>✓ Fundo de Reserva no valor de 2 parcelas de PMT\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Alienação Fiduciária Empreendimentos;\u003C\u002Fp>\u003Cp>Quotas\u003C\u002Fp>\u003Cp>✓ Cessão Fiduciária de recebíveis;\u003C\u002Fp>\u003Cp>✓ Fundo de Reserva no valor de 2 parcelas de PMT;\u003C\u002Fp>\u003Cp>✓ Fiança de Sócios;\u003C\u002Fp>\u003Cp>✓ Coobrigação de Sócios;\u003C\u002Fp>\u003Ch3>IF: [Sub.] 22A0933906\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>No mês de dezembro, foi reportada 0 venda líquida no período e inadimplência acumulada finalizou o mês em 1,8%.\u003C\u002Fp>\u003Ch3>IF: 21 H0853780\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>No mês de dezembro, foi reportada 7 vendas líquida negativas no período. A inadimplência acumulada finalizou o mês em 4,1%.\u003C\u002Fp>\u003Ch3>IF: 21 B0718276\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>Ao longo do mês de dezembro, foi registrada 0 vendas líquidas. A inadimplência acumulada encerrou o mês em 1,5%.\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>Recanto dos Pássaros – Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_13_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Guaíba\u002FRS\u003C\u002Fp>\u003Cp>22\u002F02\u002F2030\u003C\u002Fp>\u003Cp>IPCA + 11,50% a.a.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Fiança dos sócios do empreendimento;\u003C\u002Fp>\u003Cp>✓ Cessão Fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Alienação Fiduciária das cotas da Cedente;\u003C\u002Fp>\u003Cp>✓ Fundo de Reserva no valor de 2 parcelas de PMT\u003C\u002Fp>\u003Ch3>IF: 22B0679129\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>No mês de dezembro, foi registrada 2 vendas líquidas positivas. A inadimplência acumulada encerrou o mês em 3,6%.\u003C\u002Fp>\u003Ch3>Portfólio Detalhado – Equities\u003C\u002Fh3>\u003Ch3>Ondas Praias Resort\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_14_image_4.jpg\">\u003C\u002Fp>\u003Ch3>Makaira Beach Resort\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_14_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Resort Multipropriedade\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Porto Seguro – BA\u003C\u002Fp>\u003Cp>\u003Cstrong>Unidades:\u003C\u002Fstrong> 408\u003C\u002Fp>\u003Cp>\u003Cstrong>Vendas Líquidas¹:\u003C\u002Fstrong> 397.590\u003C\u002Fp>\u003Cp>\u003Cstrong>Contas a Receber¹:\u003C\u002Fstrong> 233.560\u003C\u002Fp>\u003Cp>\u003Cstrong>Dívida Bruta¹:\u003C\u002Fstrong> 177.780²\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Resort Multipropriedade\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Canavieiras – BA\u003C\u002Fp>\u003Cp>\u003Cstrong>Unidades:\u003C\u002Fstrong> 55\u003C\u002Fp>\u003Cp>\u003Cstrong>Vendas Líquidas¹:\u003C\u002Fstrong> 6.230\u003C\u002Fp>\u003Cp>\u003Cstrong>Contas a Receber¹:\u003C\u002Fstrong> 3.088\u003C\u002Fp>\u003Cp>\u003Cstrong>Dívida Bruta¹:\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Descrição:\u003C\u002Fh3>\u003Cp>O Ondas Praia Resort é um empreendimento de multipropriedade localizado em Porto Seguro, Bahia, um dos maiores centros turísticos do nordeste brasileiro. O ativo conta com quartos de 45m², estruturas de lazer como piscinas, playground e quadra poliesportiva.\u003C\u002Fp>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>O empreendimento segue a tendência de aumento de base que vem apresentando desde o final de 2023,. No mês de dezembro, foram reportadas 149 vendas líquidas positivas de cotas ao longo do mês. Atualmente o projeto tem 89,9% das cotas totais comercializadas. Em paralelo às vendas, o projeto tem percebido um aumento da inadimplência, resultando em uma menor capacidade de caixa.\u003C\u002Fp>\u003Ch3>Descrição:\u003C\u002Fh3>\u003Cp>Makaira Beach Resort é um empreendimento de multipropriedade situado na Ilha de Atalaia, Município de Canavieiras (Bahia), 120km ao sul de Ilhéus e 40km ao sul do Resort Transamérica, na Ilha de Comandatuba.\u003C\u002Fp>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>Atualmente, a gestão do ativo vem concentrando os esforços na exploração da oferta de diárias e serviços hoteleiros, enquanto as atividades de comercialização das cotas de multipropriedade passam por reestruturação, otimizando as despesas da operação. Em avaliação eventuais modificações da gestão hoteleira a fim de impulsionar o desempenho.\u003C\u002Fp>\u003Cp>Nota:\u003C\u002Fp>\u003Cp>1. Valores em milhares de reais\u003C\u002Fp>\u003Ch3>M O D E L O D E O PERAÇÃO DO FU N DO\u003C\u002Fh3>\u003Cp>RCAP\u003C\u002Fp>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Processo de Investimento em Equity e CRI\u003C\u002Fh3>\u003Ch3>Originação\u003C\u002Fh3>\u003Ch3>Tipo e atuação:\u003C\u002Fh3>\u003Ch3>Equity\u003C\u002Fh3>\u003Cp>\u003Cstrong>Parceiro ou Consultor Imobiliário:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Espalhados em diversas regiões do Brasil, com recebimento de projetos diário.\u003C\u002Fp>\u003Ch3>CRI\u003C\u002Fh3>\u003Cp>▪ Indicações internas, de outras casas ou empreendedores.\u003C\u002Fp>\u003Ch3>Lead\u003C\u002Fh3>\u003Ch3>Validação de oportunidade:\u003C\u002Fh3>\u003Cp>▪ Tese de investimento (potencial da região, diversificação do fundo, etc.).\u003C\u002Fp>\u003Cp>▪ Histórico de vendas\u002FExpectativa.\u003C\u002Fp>\u003Cp>▪ Cronograma físico-financeiro.\u003C\u002Fp>\u003Ch3>Modelagem\u003C\u002Fh3>\u003Ch3>Quantificação do risco-retorno:\u003C\u002Fh3>\u003Ch3>Equity\u003C\u002Fh3>\u003Cp>▪ Qualificação e quantificação dos riscos.\u003C\u002Fp>\u003Cp>▪ Definição de condições precedentes e vencimento antecipado.\u003C\u002Fp>\u003Cp>▪ Visita técnica in-loco.\u003C\u002Fp>\u003Cp>▪ Aprovação preliminar em comitê de engenharia.\u003C\u002Fp>\u003Cp>▪ Aprovação preliminar em comitê de crédito e investimentos.\u003C\u002Fp>\u003Ch3>CRI\u003C\u002Fh3>\u003Cp>▪ Validação de taxas.\u003C\u002Fp>\u003Cp>▪ Avaliação de garantias.\u003C\u002Fp>\u003Cp>▪ Negociação.\u003C\u002Fp>\u003Cp>▪ Proposta comercial.\u003C\u002Fp>\u003Ch3>Conclusão\u003C\u002Fh3>\u003Ch3>Execução e conclusão:\u003C\u002Fh3>\u003Cp>▪ Closing,\u003C\u002Fp>\u003Cp>▪ Diligência completa.\u003C\u002Fp>\u003Cp>▪ Aprovação do administrador fiduciário.\u003C\u002Fp>\u003Cp>▪ Envio de recurso.\u003C\u002Fp>\u003Ch3>Monitoramento de Performance e Riscos dos Projetos (Equity)\u003C\u002Fh3>\u003Ch3>Tipo de monitoramento seccionado por fase do projeto\u003C\u002Fh3>\u003Cp>\u003Cstrong>Período de obra\u003C\u002Fstrong> Integralizações conforme necessidade de caixa\u003C\u002Fp>\u003Cp>▪ Controle das saídas de caixa\u003Csup>1\u003C\u002Fsup>\u003C\u002Fp>\u003Cp>▪ Gerenciamento de obra \u003Csup>2\u003C\u002Fsup>\u003C\u002Fp>\u003Cp>▪ Acompanhamento físico e financeiro2\u003C\u002Fp>\u003Cp>▪ Acompanhamento da carteira de recebíveis de cada projeto\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_17_chart_9.jpg\">\u003C\u002Fp>\u003Cp>▪ Acompanhamento do desempenho comercial e estratégias de marketing;\u003C\u002Fp>\u003Cp>Estratégias para venda do estoque\u003C\u002Fp>\u003Cp>▪ Gestão de caixa\u003C\u002Fp>\u003Ch3>Principais indicadores monitorados\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd colspan=\"2\">Acompanhamento do projeto\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Processo\u003C\u002Ftd>\u003Ctd>Indicador de Risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Acompanhamento\u002Fgestão de tesouraria e controladoria dos projetos\u003Csup>1\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>Custo de obra (realizado\u002Fplanejado)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Controle da evolução de obra e demais custos\u003Csup>2\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>Execução da obra (realizado\u002Fplanejado)\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd colspan=\"2\">Gestão da carteira\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Processo\u003C\u002Ftd>\u003Ctd>Indicadores de Risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Acompanhamento da carteira de recebíveis\u003C\u002Ftd>\u003Ctd>Vendas, índice de inadimplência (aging), Taxa de cancelamentos (distratos)\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Processo de Gestão de CRI\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_18_image_3.jpg\">\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>Pesquisa de mercado para confirmação de demanda;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Modelagem proprietária considerando cenário de stress;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Avaliação de engenheiro indicado pelo Fundo;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Due diligence legal;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Due diligence de formalização dos recebíveis em 100% da carteira;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Análise de crédito pessoa física;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Controle de pagamentos em conta escrow realizado por agente de garantia indicado pelo Fundo; e\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Espelhamento e cobrança dos recebíveis por servicer indicado pelo Fundo.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Monitoramento de Performance e Riscos dos CRIs\u003C\u002Fh3>\u003Cp>Evolução do Investimento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_19_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Cobertura das PMTs\u003C\u002Fp>\u003Cp>Cobertura da Garantia\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_19_chart_7.jpg\">\u003C\u002Fp>\u003Cp>Razão de garantia Valor mínimo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_19_image_9.jpg\">\u003C\u002Fp>\u003Ch3>Principais indicadores monitorados\u003Csup>1\u003C\u002Fsup>\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd colspan=\"2\">Evolução do Investimento\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Processo\u003C\u002Ftd>\u003Ctd>Indicador de Risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fluxo financeiro\u003C\u002Ftd>\u003Ctd>Razão do saldo devedor e razão do fluxo (PMTs), Total do faturamento esperado vs recebido(%)\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd colspan=\"2\">Acompanhamento do Ativo\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Processo\u003C\u002Ftd>\u003Ctd>Indicadores de Risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Status do empreendimento\u003C\u002Ftd>\u003Ctd>Obras, vendas, índice de inadimplência (aging), LTV\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>GLOSSÁRIO\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>CRI:\u003C\u002Fth>\u003Cth>Certificado de Recebíveis Imobiliários\u003C\u002Fth>\u003Cth>UH:\u003C\u002Fth>\u003Cth>Unidade Habitacional\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Dividend Yield:\u003C\u002Ftd>\u003Ctd>Métrica de rentabilidade da distribuição de lucros (Distribuição de rendimentos\u002FValor da Cota)\u003C\u002Ftd>\u003Ctd>Vendas Líquidas:\u003C\u002Ftd>\u003Ctd>Quantidade total de cotas vendidas excluindo cancelamentos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fee:\u003C\u002Ftd>\u003Ctd>Taxa cobrada sobre o serviço prestado\u003C\u002Ftd>\u003Ctd>VGV:\u003C\u002Ftd>\u003Ctd>Valor Geral de Vendas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Índice de Inadimplência: Valores Vencidos da Carteira\u002FValor Total da Carteira\u003C\u002Ftd>\u003Ctd>YoY:\u003C\u002Ftd>\u003Ctd>Year over Year (\"Comparação do ano atual contra o ano anterior\")\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pipeline:\u003C\u002Ftd>\u003Ctd>Portfólio de projetos (atuais, novos e suas respectivas fases)\u003C\u002Ftd>\u003Ctd>Gross-up:\u003C\u002Ftd>\u003Ctd>Cálculo que desconta o efeito de impostos em valores brutos de investimentos para chegar aos valores líquidos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>POC:\u003C\u002Ftd>\u003Ctd>Percentage of Completion - método de cálculo para reconhecimento de receita que ocorre conforme evolução da obra.\u003C\u002Ftd>\u003Ctd>Timeshare:\u003C\u002Ftd>\u003Ctd>Contrato por um período determinado para uso e gozo do bem\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Distrato:\u003C\u002Ftd>\u003Ctd>Total de Cotas Canceladas\u002FTotal de Cotas Vendidas\u003C\u002Ftd>\u003Ctd>Taxa DI:\u003C\u002Ftd>\u003Ctd>Taxa média diária dos DIs – Depósitos Interfinanceiros de um dia, over extra grupo, expressa na forma percentual ao ano, base 252 (duzentos e cinquenta e dois) dias úteis, calculados de forma exponencial e cumulativa pro rata temporis por dias úteis decorridos\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>TORDESILHAS EI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>FAQ\u003C\u002Fh3>\u003Cp>\u003Cstrong>Como é calculado o valor patrimonial?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>O Valor Patrimonial do fundo é calculado pela soma das disponibilidades e valor de mercado dos CRIs e equities menos despesas:\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_21_chart_5.jpg\">\u003C\u002Fp>\u003Cp>•\u003Cstrong>Disponibilidades:\u003C\u002Fstrong> Valores em conta corrente, investidos em Tesouro Selic (antiga LFT) ou Fundo de Renda Fixa referenciado DI;\u003C\u002Fp>\u003Ch3>• CRIs:\u003C\u002Fh3>\u003Cp>•\u003Cstrong>Valor de Compra\u003C\u002Fstrong>: Quantia desembolsada para a compra dos CRIs;\u003C\u002Fp>\u003Cp>•\u003Cstrong>Correção Monetária:\u003C\u002Fstrong> Correção do valor nominal dos CRIs devido aos índices de inflação (IPCA ou IGP-M a depender do CRI);\u003C\u002Fp>\u003Cp>•\u003Cstrong>Juros:\u003C\u002Fstrong> Receitas provenientes do cupom prefixado dos CRIs;\u003C\u002Fp>\u003Cp>•\u003Cstrong>Reprecificação (MaM):\u003C\u002Fstrong> Variação teórica dos preços dos papéis aplicado pela Administradora. Como curva teórica livre de risco, a Vórtx utiliza o fechamento da NTN-B, de vencimento mais próximo do duration do CRI. Pode ser positiva ou negativa.\u003C\u002Fp>\u003Ch3>• Equities:\u003C\u002Fh3>\u003Cp>• \u003Cstrong>Valor de avaliação\u003C\u002Fstrong>: Existem três métodos para a avaliação de equities: 1) Método de custo, soma de todo o valor investido; 2) MEP – Método de Equivalência Patrimonial, que consiste em atualizar o valor investido somando-se lucro ou prejuízo; 3) Laudo, que consiste na estipulação do valor do ativo por meio de uma avaliação realizada por empresa especializada;\u003C\u002Fp>\u003Cp>• \u003Cstrong>Despesas:\u003C\u002Fstrong> Provisões como taxas de administração, escrituração, gestão, entre outras.\u003C\u002Fp>\u003Cp>\u003Cstrong>É obrigatória a participação dos cotistas nas Assembleias?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A participação dos cotistas não é obrigatória, porém é recomendada.\u003C\u002Fp>\u003Cp>\u003Cstrong>Como faço para me cadastrar no mailing do fundo?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Basta acessar o site: \u003Cstrong>https:\u002F\u002Fwww.rcap-asset.com.br\u002Fmailing\u003C\u002Fstrong> e preencher o formulário.\u003C\u002Fp>\u003Cp>Se preferir, é possível encontrar as informações e relatórios no link \u003Cstrong>TORD11\u003C\u002Fstrong>, do canal oficial do Fundos NET da B3.\u003C\u002Fp>\u003Ch3>FAQ\u003C\u002Fh3>\u003Cp>\u003Cstrong>Onde encontrar o informe de rendimentos para declaração de Imposto de Renda anual?\u003C\u002Fstrong>\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>Acesse o \u003Cstrong>portal\u003C\u002Fstrong>\u003Cstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>vortx\u003C\u002Fstrong>\u003Cstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>com\u003C\u002Fstrong>\u003Cstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>br\u003C\u002Fstrong>;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Entre com login e senha, complete o cadastro validando seus dados;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Faça o download; e\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Caso tenha dificuldades ou precise de algum auxílio, envie um e-mail para \u003Cstrong>relacionamento@vortx\u003C\u002Fstrong>\u003Cstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>com\u003C\u002Fstrong>\u003Cstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>br\u003C\u002Fstrong>\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>Quando os recibos oriundos das ofertas se transformam em cotas?\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_22_image_9.jpg\">\u003C\u002Fp>\u003Ch3>E.g.(5ª Emissão):\u003C\u002Fh3>\u003Cp>\u003Cstrong>01\u002Fjunho\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>08\u002Fjunho\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>11\u002Fjunho\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>16\u002Fjunho\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Quais são as condições para isenção de Imposto de Renda?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>O investidor pessoa física recebe rendimentos isentos do Imposto de Renda caso observadas as seguintes condições: (i) os Cotistas do Fundo não sejam titulares de montante igual ou superior a 10% (dez por cento) das Cotas do Fundo; (ii) as respectivas Cotas não derem direitos a rendimentos superiores a 10% do total de rendimentos auferidos pelo Fundo; (iii) o Fundo receba investimento de, no mínimo, 50 (cinquenta) Cotistas; e (iv) as Cotas, quando admitidas a negociação no mercado secundário, sejam negociadas exclusivamente em bolsas de valores ou mercado de balcão organizado\u003C\u002Fp>\u003Cp>\u003Cstrong>Como é calculada a Taxa de Performance?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A Taxa de Performance (“TP”) é apurada e provisionada diariamente na base 252 dias e paga semestralmente.\u003C\u002Fp>\u003Cp>A TP corresponde a 20% sobre o Resultado do Fundo (“R”) que exceda a variação acumulada do IPCA (com dois meses de defasagem para coincidir com a correção monetária aplicada nos CRIs) mais 4,00% ao ano (“Benchmark”):\u003C\u002Fp>\u003Cp>• TP = 20% * (R – Benchmark) * Patrimônio Líquido\u003C\u002Fp>\u003Cp>Por sua vez, o Resultado do Fundo corresponde à soma da variação acumulada da cota patrimonial desde a cobrança da última TP mais os rendimentos distribuídos por cota no período:\u003C\u002Fp>\u003Cp>R = [ (Cota Patrimonial Atual + Rendimentos Distribuídos) ÷ (Valor da Cota Base) ] – 1\u003C\u002Fp>\u003Cp>Por fim, o Valor da Cota Base representa o valor inicial da cota utilizado na primeira integralização, no caso do primeiro período de apuração da TP, ou valor contábil da cota na data de última apuração da TP.\u003C\u002Fp>\u003Ch3>DISCLAIMER\u003C\u002Fh3>\u003Cp>Material meramente informativo destinado aos cotistas do fundo. Não deve ser entendido como colocação, distribuição, oferta, recomendação, análise de investimento ou de ativos, material publicitário ou solicitação de compra ou venda.\u003C\u002Fp>\u003Cp>A rentabilidade obtida no passado não representa garantia de rentabilidade futura. A rentabilidade divulgada não é líquida de impostos.\u003C\u002Fp>\u003Cp>O investimento em Fundo não é garantido pelo Fundo Garantidor de Créditos (FGC). Ao investidor é recomendada a leitura cuidadosa do prospecto, se houver, e do regulamento do Fundo. Fundos de Investimento Imobiliários são considerados produtos de investimento complexos nos termos da autorregulamentação.\u003C\u002Fp>\u003Cp>Verifique, de acordo com sua expertise, a conveniência em contratar consultores especializados e independentes para sua análise de investimento ou desinvestimento. O investimento em determinados ativos pelo Fundo pode sujeitar o investidor a significativas perdas patrimoniais.\u003C\u002Fp>\u003Cp>Rendimentos de fundos de investimento imobiliário negociados em bolsa ou mercado organizado podem ser isentos de Imposto de Renda na fonte sob determinadas circunstâncias, conforme definidas na legislação tributária. Consulte seu assessor legal a respeito.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F779\u002Fpage_22_image_30.jpg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FTORD11\u002Fdocumentos\u002F779\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1189523","2025-12-31","2026-05-13 18:06:35",1,{"id":17,"empresa":18,"gestor":26,"cotacoes":33,"patrimonio":118,"vpa":119,"p_vpa":120,"tipo_gestao":121,"mandato":122,"segmento":123,"categoria":124,"grupo":124,"preco_atual":116,"cotacao_atualizada_em":125,"ultima_variacao_cotacao_24h":126,"variacao_cotacao_7d":126,"variacao_cotacao_1m":127,"variacao_cotacao_3m":128,"variacao_cotacao_6m":129,"variacao_cotacao_12m":130,"vacancia_fisica":122,"liquidez_atual":131,"ultimo_dividendo":132,"ultimo_dividend_yield":132,"mes_pagamento_ultimo_dividendo":133,"dividend_yield_3m":134,"dividend_yield_6m":135,"dividend_yield_12m":136,"dividend_yield_medio_12m":137,"qtd_dividendos_pagos_ano_passado":138,"data_ultima_cotacao":115,"pregoes_com_negocio_21":139,"alertas":140,"updated_at":141,"liquidez_media_reais":142,"administrador":143,"taxa_administracao_paga":122,"balanco":144,"resultado_distribuido":151,"publico_alvo":156,"mercados_negociacao_cotas":157,"data_funcionamento":160,"data_final":122,"quantidade_cotas":161,"quantidade_cotistas":162,"detalhes_cotistas":163,"total_investido":167,"investimentos_fundo":168,"imoveis":173,"contratos":122,"custodiante":175,"auditor_independente":181,"formador_mercado":122,"distribuidor_cotas":187,"consultor_especializado":122,"administrador_locacoes":122,"relatorio_anual":188,"analise_administrador":191},599,{"nome":19,"nome_simplificado":20,"nome_comercial":21,"ticker":22,"nome_ticker":23,"nome_pregao":24,"cnpj":25},"TORDESILHAS EI FUNDO DE INVESTIMENTO IMOBILIÁRIO RESPONSABILIDADE LIMITADA","TORDESILHAS EI  RESPONSABILIDADE LIMITADA","Tordesilhas EI","TORD11","TORD11 - 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DY 12 meses de 7,23% e P\u002FVP 0,03 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTORD11\u002Fdocumentos\u002F779","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":199,"@graph":200},"https:\u002F\u002Fschema.org",[201,207,212,221,234,244],{"@type":202,"@id":203,"name":204,"url":205,"logo":206},"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":208,"@id":209,"name":204,"url":205,"inLanguage":210,"publisher":211},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":203},{"@type":213,"@id":214,"url":196,"name":194,"description":195,"inLanguage":210,"isPartOf":215,"dateModified":216,"mainEntity":217,"breadcrumb":219},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTORD11\u002Fdocumentos\u002F779#pagina",{"@id":209},"2026-11-01",{"@id":218},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTORD11\u002Fdocumentos\u002F779#documento",{"@id":220},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTORD11\u002Fdocumentos\u002F779#migalhas",{"@type":222,"@id":218,"name":223,"alternateName":5,"url":196,"inLanguage":210,"about":224,"genre":7,"datePublished":226,"temporalCoverage":227,"author":228,"publisher":233,"isBasedOn":12},"Report","Relatório Gerencial TORD11 de dezembro de 2025",{"@id":225},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTORD11#fundo","2026-05-13","2025-12",{"@type":202,"name":28,"identifier":229},{"@type":230,"propertyID":231,"value":232},"PropertyValue","CNPJ","33.962.328\u002F0001-48",{"@type":202,"name":143},{"@type":235,"@id":225,"name":21,"alternateName":236,"url":237,"category":124,"identifier":238,"provider":242},"InvestmentFund",[22,19],"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FTORD11",[239,241],{"@type":230,"propertyID":240,"value":22},"Ticker B3",{"@type":230,"propertyID":231,"value":25},{"@type":202,"name":28,"identifier":243},{"@type":230,"propertyID":231,"value":232},{"@type":245,"@id":220,"itemListElement":246},"BreadcrumbList",[247,250,254,256],{"@type":248,"position":15,"name":249,"item":205},"ListItem","Início",{"@type":248,"position":251,"name":252,"item":253},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":248,"position":255,"name":22,"item":237},3,{"@type":248,"position":166,"name":5,"item":196},{"atualizado_em":258,"frases":259},"2026-11-05",[260,261,262,263,264],"Relatório Gerencial do Tordesilhas EI (TORD11), fundo imobiliário de papel, sobre Relatório Gerencial - 12\u002F2025, referente a dezembro de 2025, com entrega no FundosNet (B3) em 13\u002F05\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do TORD11 fechou a R$ 0,97, com P\u002FVP de 0,03 (valor patrimonial de R$ 36,39 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,004 por cota, com pagamento em out\u002F2026, e o dividend yield dos últimos 12 meses é de 7,23% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 212,6 milhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento."]