[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"seo:\u002Fdetalhes\u002FVCRI11\u002Fdocumentos\u002F10012":3,"documento:VCRI11:10012":87,"fii-documento:VCRI11":96},{"title":4,"description":5,"canonical":6,"image":7,"json_ld":8,"nome":33,"resumo":79},"Relatório Gerencial VCRI11 de agosto de 2026 | Kartac","Relatório Gerencial de agosto de 2026 do VCRI11 (Vinci Credit Securities), entrega em 08\u002F09\u002F2026. DY 12 meses de 16,67% e P\u002FVP 0,69 em 03\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCRI11\u002Fdocumentos\u002F10012","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":9,"@graph":10},"https:\u002F\u002Fschema.org",[11,17,22,31,49,64],{"@type":12,"@id":13,"name":14,"url":15,"logo":16},"Organization","https:\u002F\u002Fwww.kartac.com.br\u002F#organizacao","Kartac","https:\u002F\u002Fwww.kartac.com.br\u002F","https:\u002F\u002Fwww.kartac.com.br\u002Fandroid-chrome-512x512.png",{"@type":18,"@id":19,"name":14,"url":15,"inLanguage":20,"publisher":21},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":13},{"@type":23,"@id":24,"url":6,"name":4,"description":5,"inLanguage":20,"isPartOf":25,"dateModified":26,"mainEntity":27,"breadcrumb":29},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCRI11\u002Fdocumentos\u002F10012#pagina",{"@id":19},"2026-10-31",{"@id":28},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCRI11\u002Fdocumentos\u002F10012#documento",{"@id":30},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCRI11\u002Fdocumentos\u002F10012#migalhas",{"@type":32,"@id":28,"name":33,"alternateName":34,"url":6,"inLanguage":20,"about":35,"genre":37,"datePublished":38,"temporalCoverage":39,"author":40,"publisher":46,"isBasedOn":48},"Report","Relatório Gerencial VCRI11 de agosto de 2026","(VCRI) Relatório Gerencial - 31\u002F08\u002F2026",{"@id":36},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCRI11#fundo","Relatórios","2026-09-08","2026-08",{"@type":12,"name":41,"identifier":42},"VINCI REAL ESTATE GESTORA DE RECURSOS LTDA.",{"@type":43,"propertyID":44,"value":45},"PropertyValue","CNPJ","13.838.015\u002F0001-75",{"@type":12,"name":47},"BRL TRUST DTVM S.A.","https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1312317",{"@type":50,"@id":36,"name":51,"alternateName":52,"url":55,"category":56,"identifier":57,"provider":62},"InvestmentFund","Vinci Credit Securities",[53,54],"VCRI11","VINCI CREDIT SECURITIES FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVCRI11","Papel",[58,60],{"@type":43,"propertyID":59,"value":53},"Ticker B3",{"@type":43,"propertyID":44,"value":61},"41.081.374\u002F0001-66",{"@type":12,"name":41,"identifier":63},{"@type":43,"propertyID":44,"value":45},{"@type":65,"@id":30,"itemListElement":66},"BreadcrumbList",[67,71,75,77],{"@type":68,"position":69,"name":70,"item":15},"ListItem",1,"Início",{"@type":68,"position":72,"name":73,"item":74},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":68,"position":76,"name":53,"item":55},3,{"@type":68,"position":78,"name":34,"item":6},4,{"atualizado_em":80,"frases":81},"2026-11-04",[82,83,84,85,86],"Relatório Gerencial do Vinci Credit Securities (VCRI11), fundo imobiliário de papel, referente a agosto de 2026, com entrega no FundosNet (B3) em 08\u002F09\u002F2026.","No pregão de 03\u002F11\u002F2026, a cota do VCRI11 fechou a R$ 6,63, com P\u002FVP de 0,69 (valor patrimonial de R$ 9,58 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,09 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 16,67% sobre a cotação de 03\u002F11\u002F2026.","O patrimônio líquido era de R$ 196,8 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":88,"descricao":34,"assunto":89,"tipo":37,"situacao":90,"texto":91,"link_pdf":92,"estruturado":93,"link_original":48,"data_referencia":94,"data_entrega":95,"versao":69},10012,"Relatório Gerencial","(Ativo)","\u003Ch3>VINCI COMPASS\u003C\u002Fh3>\u003Cp>\u003Cstrong>Vinci Credit Securities FII\u003C\u002Fstrong> Relatório de Desempenho Mensal\u003C\u002Fp>\u003Ch3>Sumário\u003C\u002Fh3>\u003Cul>\u003Cli>\u003Cstrong>Informações Gerais\u003C\u002Fstrong>.. 3\u003C\u002Fli>\u003Cli>Visão Geral do Fundo. 3\u003C\u002Fli>\u003Cli>\u003Cstrong>Destaques\u003C\u002Fstrong>... .3\u003C\u002Fli>\u003Cli>\u003Cstrong>Comentários do Gestor\u003C\u002Fstrong>.4\u003C\u002Fli>\u003Cli>Cenário Macroeconômico. .4\u003C\u002Fli>\u003Cli>Atualizações sobre o desempenho do Fundo. 5\u003C\u002Fli>\u003Cli>Monitoramento de Ativos . 5\u003C\u002Fli>\u003Cli>\u003Cstrong>Performance do Fundo\u003C\u002Fstrong>. .6\u003C\u002Fli>\u003Cli>Resultado e Distribuição de Rendimentos . .6\u003C\u002Fli>\u003Cli>Estimativa de Rendimentos . .6\u003C\u002Fli>\u003Cli>\u003Cstrong>Rentabilidade\u003C\u002Fstrong>. .8\u003C\u002Fli>\u003Cli>\u003Cstrong>Negociação do Fundo na B3\u003C\u002Fstrong> 9\u003C\u002Fli>\u003Cli>Sensibilidade da Cota de Mercado .9\u003C\u002Fli>\u003Cli>\u003Cstrong>Carteira do Fundo\u003C\u002Fstrong>. .10\u003C\u002Fli>\u003Cli>Carteira de Crédito .10\u003C\u002Fli>\u003Cli>\u003Cstrong>Glossário\u003C\u002Fstrong>. .15\u003C\u002Fli>\u003Cli>\u003Cstrong>Contato RI\u003C\u002Fstrong>. .15\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_1_image_5.jpg\">\u003C\u002Fp>\u003Cp>Vinci Fundos Listados\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_1_image_7.jpg\">\u003C\u002Fp>\u003Cp>Cadastre-se noMailing\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_1_image_9.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_1_image_10.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_1_image_11.jpg\">\u003C\u002Fp>\u003Cp>Central de Downloads\u003C\u002Fp>\u003Ch3>Informações Gerais\u003C\u002Fh3>\u003Ch3>Visão Geral do Fundo\u003C\u002Fh3>\u003Cp>\u003Cstrong>Gestor\u003C\u002Fstrong> Vinci Gestora de Recursos Ltda Vinci Real Estate Gestora de Recursos Ltda.\u003C\u002Fp>\u003Cp>\u003Cstrong>Administrador e Escriturador\u003C\u002Fstrong> BRL Trust Distribuidora de Títulos e Valores Mobiliários S.A.\u003C\u002Fp>\u003Cp>\u003Cstrong>Início do Fundo\u003C\u002Fstrong> 12\u002F05\u002F2021\u003C\u002Fp>\u003Cp>\u003Cstrong>Código de Negociação – B3\u003C\u002Fstrong> VCRI11\u003C\u002Fp>\u003Cp>\u003Cstrong>Tipo Anbima – foco de atuação\u003C\u002Fstrong> FII TVM Gestão Ativa\u003C\u002Fp>\u003Cp>\u003Cstrong>CNPJ\u003C\u002Fstrong> 41.081.374\u002F0001-66\u003C\u002Fp>\u003Cp>\u003Cstrong>Público-alvo\u003C\u002Fstrong> Investidores em Geral\u003C\u002Fp>\u003Cp>\u003Cstrong>Valor Patrimonial da Cota (31-08-26)\u003C\u002Fstrong> 9,56\u003C\u002Fp>\u003Cp>\u003Cstrong>Valor de Mercado da Cota¹ (31-08-26)\u003C\u002Fstrong> 7,24\u003C\u002Fp>\u003Cp>\u003Cstrong>Número de Cotistas (31-08-26)\u003C\u002Fstrong> 12.348\u003C\u002Fp>\u003Cp>\u003Cstrong>Quantidade de Cotas\u003C\u002Fstrong> 20.543.663\u003C\u002Fp>\u003Ch3>Taxa de Administração²\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Patrimônio Líquido ou Valor de Mercado do Fundo'\u003C\u002Fth>\u003Cth>Taxa de Adm.\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Até R$ 500 milhões\u003C\u002Ftd>\u003Ctd>0,95% a.a.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Sobre o valor que exceder R$ 500 milhões até R$ 1 bilhão\u003C\u002Ftd>\u003Ctd>0,85% a.a.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Sobre o valor que exceder R$ 1 bilhão\u003C\u002Ftd>\u003Ctd>0,75% a.a.\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Taxa de Performance\u003C\u002Fh3>\u003Cp>20% do que o lucro caixa, corrigido pelo benchmark, exceder a correção do capital integralizado pelo benchmark. Benchmark = IPCA + X, sendo o “X”:\u003C\u002Fp>\u003Cp>a. Caso a Média IMAB5 < 2% a.a. X = 3% ao ano\u003C\u002Fp>\u003Cp>b. Caso a Média IMAB5 entre 2% e 4% a.a., X = Média IMAB5 + 1% ao ano\u003C\u002Fp>\u003Cp>c. Caso a Média IMAB5 entre 4% e 5% ao ano, X = 5% ao ano\u003C\u002Fp>\u003Cp>d. Caso a Média IMAB5 > 5% ao ano, X = Média IMAB5\u003C\u002Fp>\u003Ch3>Destaques\u003C\u002Fh3>\u003Cp>\u003Cstrong>66\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>CRIs EM CARTEIRA\u003C\u002Fh3>\u003Cp>O Fundo possui 66 CRIs em carteira, dos quais 72% estão atrelados ao IPCA e 17% ao CDI, com concentração média de 1,4% do PL por emissor³.\u003C\u002Fp>\u003Cp>\u003Cstrong>15,8\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>DIVIDEND YIELD ANUALIZADO (%)\u003C\u002Fh3>\u003Cp>O Fundo anunciou distribuição de rendimentos de R$ 0,095\u002Fcota, o que representa um dividend yield anualizado de 15,78% a.a. calculado sobre a cota de fechamento de agosto.\u003C\u002Fp>\u003Ch3>ESTIMATIVA DE RENDIMENTOS (R$\u002Fcota)\u003C\u002Fh3>\u003Cp>\u003Cstrong>0,08-0,11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Com a previsão de recebimento dos ativos em carteira, estimamos uma distribuição de rendimentos entre R$ 0,08 e R$ 0,11\u002Fcota até setembro de 2026.\u003C\u002Fp>\u003Cp>¹ Valor da cota ex rendimentos ² inclui remuneração do Gestor, Administrador e Escriturador ³ Calculado através de média aritmética. A rentabilidade passada não representa qualquer espécie de garantia futura.\u003C\u002Fp>\u003Ch3>Comentários do Gestor\u003C\u002Fh3>\u003Ch3>Cenário Macroeconômico\u003C\u002Fh3>\u003Cp>Nos Estados Unidos, o principal driver dos últimos meses foi a forte oscilação das expectativas para a política monetária do Fed, que oscilou entre a precificação de cortes de juros, diante de sinais fracos do mercado de trabalho, e de altas, quando a criação de empregos voltou a surpreender e o choque do petróleo associado à guerra no Irã pressionou a inflação. Mais recentemente, porém, o payroll de julho voltou a mostrar fraqueza (destruição líquida de 23 mil vagas, com revisões que reduziram a média de doze meses para perto de 20 mil), sem ainda configurar uma onda de demissões, mas sinalizando enfraquecimento da demanda por trabalho. O próximo payroll será decisivo para a decisão do Fed em setembro: um novo número fraco reduziria a probabilidade de alta de juros, tenderia a enfraquecer o dólar e criaria um ambiente externo mais favorável para emergentes, com potencial de apreciação do real e menor pressão inflacionária no Brasil.\u003C\u002Fp>\u003Cp>No Brasil, a atividade segue em desaceleração gradual, com expectativa de crescimento de cerca de 1,5% em 2026, após anos de expansão acima do potencial que exigiram uma política monetária excepcionalmente restritiva. A necessidade de juros reais tão elevados, o Banco Central estima a taxa neutra em torno de 5%, contra um juro real de curto prazo que chegou a ~11% e ainda está próximo de 10%, decorre do desalinhamento entre as políticas monetária e fiscal, agravado pela expansão fiscal iniciada com a PEC da Transição em 2023. Esse quadro começou a mudar: a sazonalidade eleitoral concentrou gastos na primeira metade de 2026, com recuo das despesas a partir de junho, enquanto a arrecadação cresce acima do PIB, impulsionada pelas receitas do petróleo, levando o resultado primário para perto de zero. A melhora é relevante, mas ainda insuficiente para estabilizar a relação dívida\u002FPIB dado o patamar elevado dos juros, o que mantém o país mais vulnerável a choques externos, como uma eventual retomada de alta de juros nos EUA.\u003C\u002Fp>\u003Cp>Do lado da inflação, a desaceleração da atividade já ajuda a conter a inflação de serviços, apesar de o expressivo crescimento do crédito consignado ter impacto líquido menor do que parece, em boa parte, substitui dívidas mais caras em vez de adicionar consumo novo, enquanto a inadimplência das famílias segue elevada. O câmbio também deve seguir como vetor favorável: o país mantém superávits comerciais elevados, com a expansão do pré-sal levando as exportações de petróleo dos atuais US$ 67 bilhões\u002Fano a uma possível aproximação de US$ 100 bilhões, criando um fluxo estrutural de dólares que torna o real mais resiliente. Essa combinação de atividade abaixo do potencial, inflação de serviços em queda e posição externa mais favorável sustenta a continuidade do ciclo de cortes da Selic, ainda que de forma gradual, cortes de 25 pontos-base por reunião podem levar a taxa a 13,25% ao final do ano. A partir daí, a extensão do ciclo em 2027 dependerá da política fiscal do próximo governo: direcionar a receita extraordinária do pré-sal para redução da dívida, em vez de novos gastos, seria decisivo para reduzir o prêmio de risco e permitir uma convergência mais ampla dos juros ao nível neutro.\u003C\u002Fp>\u003Ch3>Atualizações sobre o desempenho do Fundo\u003C\u002Fh3>\u003Cp>No mês, o Fundo gerou um resultado caixa de R$ 0,077\u002Fcota, resultante do fluxo de recebimentos da carteira do Fundo. No dia 31\u002F08\u002F2026, o Fundo anunciou uma distribuição de rendimentos no valor de R$ 0,095\u002Fcota, o que representa um dividend yield anualizado de 15,78% a.a., calculado sobre a cota de mercado de fechamento de agosto.\u003C\u002Fp>\u003Ch3>Movimentações do Mês\u003C\u002Fh3>\u003Cp>Nas movimentações do mês, realizamos a venda de R$ 16 mil do CRI Solfácil, a uma taxa pré de 16,0%, lastreado em uma Carteira de Financiamento à aquisição de painéis solares por majoritariamente clientes pessoa física, e a compra de R$ 75,6 mil do CRI AXS Energia, a uma taxa de IPCA + 13,5%, lastreado em Contratos de Locação como financiamento para despesas da construção e operação de Usinas Fotovoltaicas.\u003C\u002Fp>\u003Ch3>Monitoramento de Ativos\u003C\u002Fh3>\u003Cp>O CRI Ekko teve seu vencimento antecipado aprovado em assembleia em 06\u002F09\u002F2024. Conforme aprovado na última AGE, foram contratados nova construtora, incorporadora e assessor jurídico, para junto com o prêmio do seguro de obras contratados na operação inicial retomar as obras do projeto. Em paralelo, estamos em tratativas com potenciais investidores para obtenção de recursos para financiamento do saldo do projeto;\u003C\u002Fp>\u003Cp>No CRI Serpasa, declaramos o vencimento antecipado da operação e iniciamos junto com nossos assessores legais o processo de execução das garantias, que incluem alienação fiduciária de imóveis não-operacionais, cessão de recebíveis, alienação fiduciária de ações da Companhia e aval dos acionistas;\u003C\u002Fp>\u003Cp>No CRI Casa e Vídeo, em 29\u002F04\u002F2026, tivemos o pedido de Recuperação Judicial da Companhia. Ainda assim, seguimos as tratativas previamente estabelecidas com o restante dos credores da emissão a fim de executar as respectivas garantias da estrutura e viabilizar o pagamento da emissão, apoiando-se no auxílio de Assessor Legal que auxilie no processo de excussão das garantias.\u003C\u002Fp>\u003Ch3>Performance do Fundo\u003C\u002Fh3>\u003Ch3>Resultado e Distribuição de Rendimentos\u003C\u002Fh3>\u003Cp>O resultado caixa do Fundo em agosto foi de R$ 1.575 mil, o equivalente a R$ 0,077\u002Fcota.\u003C\u002Fp>\u003Cp>O Fundo encerrou o mês, após a distribuição dos rendimentos, com uma reserva de resultado não distribuído de R$ 1.405 mil, equivalente a R$ 0,068\u002Fcota.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Resultado do Fundo\u003C\u002Fth>\u003Cth>Agosto 26 (R$ mil)\u003C\u002Fth>\u003Cth>Agosto 26 (R$\u002Fcota)\u003C\u002Fth>\u003Cth>Acum. 2026 (R$\u002Fcota média mensal)\u003C\u002Fth>\u003Cth>Acum. Desde IPO (R$\u002Fcota média mensal)\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Resultado CRIs\u003C\u002Ftd>\u003Ctd>1.807\u003C\u002Ftd>\u003Ctd>0,088\u003C\u002Ftd>\u003Ctd>0,099\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado FIIs\u003C\u002Ftd>\u003Ctd>108\u003C\u002Ftd>\u003Ctd>0,005\u003C\u002Ftd>\u003Ctd>0,007\u003C\u002Ftd>\u003Ctd>0,006\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Financeiro\u003C\u002Ftd>\u003Ctd>22\u003C\u002Ftd>\u003Ctd>0,001\u003C\u002Ftd>\u003Ctd>0,003\u003C\u002Ftd>\u003Ctd>0,005\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Administração\u003C\u002Ftd>\u003Ctd>-170\u003C\u002Ftd>\u003Ctd>-0,008\u003C\u002Ftd>\u003Ctd>-0,007\u003C\u002Ftd>\u003Ctd>-0,007\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Administrador e Escriturador\u003C\u002Ftd>\u003Ctd>-16\u003C\u002Ftd>\u003Ctd>-0,001\u003C\u002Ftd>\u003Ctd>-0,001\u003C\u002Ftd>\u003Ctd>-0,001\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Gestor\u003C\u002Ftd>\u003Ctd>-154\u003C\u002Ftd>\u003Ctd>-0,007\u003C\u002Ftd>\u003Ctd>-0,007\u003C\u002Ftd>\u003Ctd>-0,006\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Performance\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-0,001\u003C\u002Ftd>\u003Ctd>-0,002\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u002FReceitas\u003C\u002Ftd>\u003Ctd>-193\u003C\u002Ftd>\u003Ctd>-0,009\u003C\u002Ftd>\u003Ctd>-0,003\u003C\u002Ftd>\u003Ctd>-0,002\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Total\u003C\u002Ftd>\u003Ctd>1.575\u003C\u002Ftd>\u003Ctd>0,077\u003C\u002Ftd>\u003Ctd>0,097\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rendimentos a serem distribuídos\u003C\u002Ftd>\u003Ctd>1.952\u003C\u002Ftd>\u003Ctd>0,095\u003C\u002Ftd>\u003Ctd>0,092\u003C\u002Ftd>\u003Ctd>0,097\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Acumulado Não Distribuído-Inicial\u003C\u002Ftd>\u003Ctd>1.405\u003C\u002Ftd>\u003Ctd>0,068\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>+ Resultado Total - Rendimentos divulgados\u003C\u002Ftd>\u003Ctd>-377\u003C\u002Ftd>\u003Ctd>-0,018\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Acumulado Não Distribuído-Final\u003C\u002Ftd>\u003Ctd>1.028\u003C\u002Ftd>\u003Ctd>0,050\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Histórico de Distribuição (R$\u002Fcota) VCRI11\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_5_chart_9.jpg\">\u003C\u002Fp>\u003Ch3>Estimativa de Rendimentos\u003C\u002Fh3>\u003Cp>Com base no resultado caixa não distribuído e com a previsão de recebimento dos ativos em carteira, estimamos uma distribuição de rendimentos entre R$ 0,08\u002Fcota a R$ 0,11\u002Fcota até setembro de 2026, inclusive.\u003C\u002Fp>\u003Cp>Estimativa de Distribuição de Rendimentos (R$\u002Fcota)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_6_chart_6.jpg\">\u003C\u002Fp>\u003Cp>Rentabilidade\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Acumulado Desde o IPO (2ªRentabilidade Agosto 20262026 Emissão)\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Valor da Cota de Referência Inicial 7,09 7,31 10,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor da Cota Final Ajustada1 7,24 7,24 7,24\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rentabilidade (cota e rendimentos)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Variação da Cota 2,0% -1,0% -27,7%Rendimentos² 1,3% 10,4% 65,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rentabilidade do Fundo 3,3% 9,3% 19,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IFIX³ -1,5% -0,3% 35,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CDI5 1,1% 9,4% 69,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rentabilidade vs IFIX 4,8% 9,6% -16,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Fonte: Bloomberg e Gestor\u003C\u002Fp>\u003Cp>A cota ajustada do Fundo encerrou o mês de agosto cotada na B3 a R$ 7,24, um aumento de 2,0% que, somado aos rendimentos distribuídos, representou um aumento de 3,3% no mês, equivalente a 4,3 pontos percentuais acima da rentabilidade do IFIX no mesmo período.\u003C\u002Fp>\u003Cp>Rentabilidade Bruta do Fundo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_7_chart_8.jpg\">\u003C\u002Fp>\u003Cp>1 Desde o início das negociações das cotas em 16\u002F05\u002F2022Fonte: Bloomberg\u003C\u002Fp>\u003Cp>2 Cota ajustada representa a cota ex rendimentos anunciados no último pregão do mês.\u003C\u002Fp>\u003Cp>3 Considera os rendimentos declarados no período\u003C\u002Fp>\u003Cp>4 Índice de Fundos de Investimento Imobiliários que indica o desempenho médio das cotações dos fundos imobiliários negociados na B3.\u003C\u002Fp>\u003Cp>5 Certificado de Depósito Interbancário, taxa que lastreia as operações interbancárias.\u003C\u002Fp>\u003Ch3>Negociação do Fundo na B3\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Informações da B3\u003C\u002Fth>\u003Cth>Agosto2026\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Valor de Mercado (R$ mil)\u003C\u002Ftd>\u003Ctd>128.590\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Número de Cotistas\u003C\u002Ftd>\u003Ctd>12.348\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Presença diária em Pregões\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Volume Diário Médio Negociado (R$ mil)\u003C\u002Ftd>\u003Ctd>321,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Giro (% de cotas negociadas no mês)\u003C\u002Ftd>\u003Ctd>5,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Fonte: Reuters e Escriturador\u003C\u002Fp>\u003Cp>O Fundo encerrou o mês de agosto com 12.348 cotistas. O valor de mercado do Fundo é de aproximadamente R$ 128,6 milhões. O volume médio diário de negociação das cotas na B3 foi de R$ 321,8 mil, o que representou um giro equivalente a 5,2% das cotas do Fundo.\u003C\u002Fp>\u003Ch3>Evolução de Investidores e Volume de Negociação\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_8_chart_8.jpg\">\u003C\u002Fp>\u003Ch3>Sensibilidade da Cota de Mercado\u003C\u002Fh3>\u003Cp>A tabela abaixo representa a sensibilidade da taxa da carteira de CRI em IPCA e CDI à cota de mercado e patrimonial do Fundo.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Preço de Mercado\u003C\u002Fth>\u003Cth>Dividend Yield (% a.a.)\u003C\u002Fth>\u003Cth>Carteira CRI IPCA + a.a.\u003C\u002Fth>\u003Cth>Carteira CRI CDI + a.a.\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Cota Patrimonial\u003C\u002Ftd>\u003Ctd>9,56\u003C\u002Ftd>\u003Ctd>11,9%\u003C\u002Ftd>\u003Ctd>10,4%\u003C\u002Ftd>\u003Ctd>4,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>9,09\u003C\u002Ftd>\u003Ctd>12,5%\u003C\u002Ftd>\u003Ctd>10,9%\u003C\u002Ftd>\u003Ctd>4,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>8,63\u003C\u002Ftd>\u003Ctd>13,2%\u003C\u002Ftd>\u003Ctd>11,5%\u003C\u002Ftd>\u003Ctd>4,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>8,16\u003C\u002Ftd>\u003Ctd>14,0%\u003C\u002Ftd>\u003Ctd>12,2%\u003C\u002Ftd>\u003Ctd>4,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>7,70\u003C\u002Ftd>\u003Ctd>14,8%\u003C\u002Ftd>\u003Ctd>12,9%\u003C\u002Ftd>\u003Ctd>5,2%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cota de Fechamento\u003C\u002Ftd>\u003Ctd>7,24\u003C\u002Ftd>\u003Ctd>15,8%\u003C\u002Ftd>\u003Ctd>13,8%\u003C\u002Ftd>\u003Ctd>5,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>6,77\u003C\u002Ftd>\u003Ctd>16,8%\u003C\u002Ftd>\u003Ctd>14,7%\u003C\u002Ftd>\u003Ctd>6,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>6,31\u003C\u002Ftd>\u003Ctd>18,1%\u003C\u002Ftd>\u003Ctd>15,8%\u003C\u002Ftd>\u003Ctd>6,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>5,84\u003C\u002Ftd>\u003Ctd>19,5%\u003C\u002Ftd>\u003Ctd>17,0%\u003C\u002Ftd>\u003Ctd>6,9%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Carteira do Fundo\u003C\u002Fh3>\u003Cp>O patrimônio líquido do Fundo ao final de agosto era de R$ 196,4 milhões. As alocações em CRIs totalizavam R$ 184,2 milhões, o equivalente a 93,8% do PL. As alocações em FIIs totalizavam R$10,1 milhões, o equivalente a 5,1% do PL. As aplicações financeiras somavam R$ 4,2 milhões, que inclui fundos referenciados DI com liquidez imediata. As provisões a pagar e receber do Fundo totalizavam R$ (2,1) milhões.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Portfolio\u003C\u002Fth>\u003Cth>R$ MM\u003C\u002Fth>\u003Cth>R$\u002Fcota\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>CRIs\u003C\u002Ftd>\u003Ctd>184,2\u003C\u002Ftd>\u003Ctd>9,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cotas de FIIs\u003C\u002Ftd>\u003Ctd>10,1\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aplicações Financeiras\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>0,2\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outros\u003C\u002Ftd>\u003Ctd>-2,1\u003C\u002Ftd>\u003Ctd>-0,1\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_9_chart_6.jpg\">\u003C\u002Fp>\u003Cp>No final do mês de agosto, a carteira de CRIs do Fundo apresentava exposição de cerca de 23% em CRIs do segmento de geração distribuída, 19% em CRIs do segmento de imobiliário residencial, 14% em CRIs do segmento de logística, 13% em CRIs de Varejo, 10% em CRIs do Agronegócio, e 21% em CRIs de outros segmentos, conforme gráfico abaixo. Quando olhamos a diversificação por indexador, o fundo possui 77% dos CRIs indexados ao IPCA, 18% ao CDI e 4% Pré-Fixado.\u003C\u002Fp>\u003Cp>Ativos por Segmento (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_9_chart_9.jpg\">\u003C\u002Fp>\u003Cp>Ativos por Indexador (%)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_9_chart_11.jpg\">\u003C\u002Fp>\u003Ch3>Carteira de Crédito\u003C\u002Fh3>\u003Cp>A alocação em operações de crédito diretamente pelo Fundo tem como objetivo o investimento em ativos com baixo risco de crédito e spreads interessantes ajustados ao risco, levando-se em consideração seus fundamentos e a solidez do pacote de garantias.\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd rowspan=\"2\">CRI\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Código B3\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Volume\u003C\u002Ftd>\u003Ctd rowspan=\"2\">% PL\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Segmento\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa de Aquisição (%a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa de Mercado (%a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Duration (anos)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Venc.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Maqcampo\u003C\u002Ftd>\u003Ctd>22E1056953\u003C\u002Ftd>\u003Ctd>9,3\u003C\u002Ftd>\u003Ctd>4,7%\u003C\u002Ftd>\u003Ctd>Agronegócio\u003C\u002Ftd>\u003Ctd>IPCA + 8,7%\u003C\u002Ftd>\u003Ctd>IPCA + 9,5%\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>mai\u002F32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Superfrio\u003C\u002Ftd>\u003Ctd>21E0407330\u003C\u002Ftd>\u003Ctd>10,5\u003C\u002Ftd>\u003Ctd>5,3%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>IPCA + 8,6%\u003C\u002Ftd>\u003Ctd>IPCA + 12,4%\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003Ctd>mai\u002F31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Martini Meat\u003C\u002Ftd>\u003Ctd>22F0930128\u003C\u002Ftd>\u003Ctd>9,1\u003C\u002Ftd>\u003Ctd>4,6%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>IPCA + 9,3%\u003C\u002Ftd>\u003Ctd>IPCA + 11,3%\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003Ctd>jun\u002F28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>São Gonçalo\u003C\u002Ftd>\u003Ctd>19L0928585\u003C\u002Ftd>\u003Ctd>6,0\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003Ctd>Shopping Center\u003C\u002Ftd>\u003Ctd>IPCA + 7,5%\u003C\u002Ftd>\u003Ctd>IPCA + 9,7%\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>dez\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Athon\u003C\u002Ftd>\u003Ctd>21G0864339\u003C\u002Ftd>\u003Ctd>6,0\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>IPCA + 7,4%\u003C\u002Ftd>\u003Ctd>IPCA + 10,7%\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>ago\u002F33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Bem Brasil\u003C\u002Ftd>\u003Ctd>2110605705\u003C\u002Ftd>\u003Ctd>4,9\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>Alimentos\u003C\u002Ftd>\u003Ctd>IPCA + 7,9%\u003C\u002Ftd>\u003Ctd>IPCA + 5,9%\u003C\u002Ftd>\u003Ctd>1,4\u003C\u002Ftd>\u003Ctd>set\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Manhattan\u003C\u002Ftd>\u003Ctd>20L0870667\u003C\u002Ftd>\u003Ctd>6,7\u003C\u002Ftd>\u003Ctd>3,4%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 12,0%\u003C\u002Ftd>\u003Ctd>IPCA + 7,0%\u003C\u002Ftd>\u003Ctd>0,3\u003C\u002Ftd>\u003Ctd>ago\u002F26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABMais\u003C\u002Ftd>\u003Ctd>25C3470318\u003C\u002Ftd>\u003Ctd>4,7\u003C\u002Ftd>\u003Ctd>2,4%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 11,0%\u003C\u002Ftd>\u003Ctd>IPCA + 10,4%\u003C\u002Ftd>\u003Ctd>3,3\u003C\u002Ftd>\u003Ctd>mar\u002F37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Helbor Toledo Ferrari\u003C\u002Ftd>\u003Ctd>24L2170982\u003C\u002Ftd>\u003Ctd>4,9\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 10,8%\u003C\u002Ftd>\u003Ctd>IPCA + 11,3%\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>dez\u002F31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Casa & Vídeo\u003C\u002Ftd>\u003Ctd>21H0001405\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003Ctd>2,0%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>IPCA + 7,4%\u003C\u002Ftd>\u003Ctd>IPCA + 15,3%\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003Ctd>ago\u002F27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GS Souto\u003C\u002Ftd>\u003Ctd>20K0816978\u003C\u002Ftd>\u003Ctd>4,1\u003C\u002Ftd>\u003Ctd>2,1%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>IPCA + 12,0%\u003C\u002Ftd>\u003Ctd>IPCA + 13,1%\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>nov\u002F32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Assaí\u003C\u002Ftd>\u003Ctd>22G1414303\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>2,1%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>IPCA + 10,34%\u003C\u002Ftd>\u003Ctd>IPCA + 11,39%\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>set\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Copagril\u003C\u002Ftd>\u003Ctd>21F0968888\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>1,6%\u003C\u002Ftd>\u003Ctd>Agronegócio\u003C\u002Ftd>\u003Ctd>IPCA + 6,7%\u003C\u002Ftd>\u003Ctd>IPCA + 8,9%\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003Ctd>jun\u002F31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Wimo\u003C\u002Ftd>\u003Ctd>22B0914263\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003Ctd>1,3%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>IPCA + 8,0%\u003C\u002Ftd>\u003Ctd>IPCA + 11,3%\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>jan\u002F37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GS Souto II\u003C\u002Ftd>\u003Ctd>21K0732283\u003C\u002Ftd>\u003Ctd>3,3\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>IPCA + 9,0%\u003C\u002Ftd>\u003Ctd>IPCA + 11,2%\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003Ctd>nov\u002F33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mateus Corp.\u003C\u002Ftd>\u003Ctd>22C1362141\u003C\u002Ftd>\u003Ctd>5,4\u003C\u002Ftd>\u003Ctd>2,8%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>IPCA + 9,79%\u003C\u002Ftd>\u003Ctd>IPCA + 10,6%\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>jul\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mateus AF\u003C\u002Ftd>\u003Ctd>23F1241818\u003C\u002Ftd>\u003Ctd>5,9\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>Varejo Imobiliário\u003C\u002Ftd>\u003Ctd>IPCA + 9,0%\u003C\u002Ftd>\u003Ctd>IPCA + 9,9%\u003C\u002Ftd>\u003Ctd>6,3\u003C\u002Ftd>\u003Ctd>mai\u002F43\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MRV Flex\u003C\u002Ftd>\u003Ctd>25F1669254\u003C\u002Ftd>\u003Ctd>1,6\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 9,6%\u003C\u002Ftd>\u003Ctd>IPCA + 8,3%\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003Ctd>jun\u002F35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MRV Flex\u003C\u002Ftd>\u003Ctd>25C3917602\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 9,7%\u003C\u002Ftd>\u003Ctd>IPCA + 10,3%\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>ago\u002F35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aldo\u003C\u002Ftd>\u003Ctd>24H0031235\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>Posto de Combustível\u003C\u002Ftd>\u003Ctd>IPCA + 10,0%\u003C\u002Ftd>\u003Ctd>IPCA + 11,8%\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003Ctd>ago\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Creditas II\u003C\u002Ftd>\u003Ctd>20F0755566\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>IPCA + 6,9%\u003C\u002Ftd>\u003Ctd>IPCA + 9,3%\u003C\u002Ftd>\u003Ctd>4,6\u003C\u002Ftd>\u003Ctd>jun\u002F40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CHP\u003C\u002Ftd>\u003Ctd>21F1035590\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>IPCA + 7,36%\u003C\u002Ftd>\u003Ctd>IPCA + 13,8%\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>jul\u002F41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Faro Energy\u003C\u002Ftd>\u003Ctd>23L0034761\u003C\u002Ftd>\u003Ctd>7,2\u003C\u002Ftd>\u003Ctd>3,7%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>IPCA + 9,4%\u003C\u002Ftd>\u003Ctd>IPCA + 11,4%\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>dez\u002F38\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mateus AF II\u003C\u002Ftd>\u003Ctd>20B0980166\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>IPCA + 9,50%\u003C\u002Ftd>\u003Ctd>IPCA + 9,1%\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>fev\u002F32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ekko\u003C\u002Ftd>\u003Ctd>22B0555800\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 9,0%\u003C\u002Ftd>\u003Ctd>NA\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>NA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ekko\u003C\u002Ftd>\u003Ctd>22B0555782\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 9,0%\u003C\u002Ftd>\u003Ctd>NA\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>NA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Bait\u003C\u002Ftd>\u003Ctd>2110566602\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 9,0%\u003C\u002Ftd>\u003Ctd>NA\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>NA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cassol\u003C\u002Ftd>\u003Ctd>21F1035597\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>IPCA + 5,5%\u003C\u002Ftd>\u003Ctd>IPCA + 9,1%\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>jun\u002F32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Galleria\u003C\u002Ftd>\u003Ctd>22E0640809\u003C\u002Ftd>\u003Ctd>1,4\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>IPCA + 9,8%\u003C\u002Ftd>\u003Ctd>IPCA + 11,6%\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003Ctd>dez\u002F41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Clamed\u003C\u002Ftd>\u003Ctd>22B0381601\u003C\u002Ftd>\u003Ctd>1,3\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>IPCA + 8,5%\u003C\u002Ftd>\u003Ctd>IPCA + 10,0%\u003C\u002Ftd>\u003Ctd>1,2\u003C\u002Ftd>\u003Ctd>jan\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>AGOSTO 2026\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Lar\u003C\u002Fth>\u003Cth>22L1258273\u003C\u002Fth>\u003Cth>1,3\u003C\u002Fth>\u003Cth>0,7%\u003C\u002Fth>\u003Cth>Agronegócio\u003C\u002Fth>\u003Cth>IPCA + 9,00%\u003C\u002Fth>\u003Cth>IPCA + 3,1%\u003C\u002Fth>\u003Cth>3,7\u003C\u002Fth>\u003Cth>dez\u002F34\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Creditas XI\u003C\u002Ftd>\u003Ctd>21K0046865\u003C\u002Ftd>\u003Ctd>1,0\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>IPCA + 8,5%\u003C\u002Ftd>\u003Ctd>IPCA + 7,5%\u003C\u002Ftd>\u003Ctd>5,5\u003C\u002Ftd>\u003Ctd>fev\u002F42\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Creditas\u003C\u002Ftd>\u003Ctd>20B0849733\u003C\u002Ftd>\u003Ctd>0,9\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>IPCA + 6,8%\u003C\u002Ftd>\u003Ctd>IPCA + 9,1%\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003Ctd>fev\u002F35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Movida\u003C\u002Ftd>\u003Ctd>23F1519397\u003C\u002Ftd>\u003Ctd>0,8\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Logística Imobiliário\u003C\u002Ftd>\u003Ctd>IPCA + 12,94%\u003C\u002Ftd>\u003Ctd>IPCA + 12,54%\u003C\u002Ftd>\u003Ctd>1,7\u003C\u002Ftd>\u003Ctd>jun\u002F28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Direcional\u003C\u002Ftd>\u003Ctd>21C0777936\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>IPCA + 5,5%\u003C\u002Ftd>\u003Ctd>IPCA + 3,1%\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003Ctd>set\u002F33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Axs\u003C\u002Ftd>\u003Ctd>23F0046476\u003C\u002Ftd>\u003Ctd>7,5\u003C\u002Ftd>\u003Ctd>3,8%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>IPCA + 12%\u003C\u002Ftd>\u003Ctd>IPCA + 13,3%\u003C\u002Ftd>\u003Ctd>4,1\u003C\u002Ftd>\u003Ctd>jun\u002F37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>22J0306937\u003C\u002Ftd>\u003Ctd>0,4\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>IPCA + 10,81%\u003C\u002Ftd>\u003Ctd>IPCA + 13,8%\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>out\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>22J0306938\u003C\u002Ftd>\u003Ctd>0,8\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>IPCA + 11,09%\u003C\u002Ftd>\u003Ctd>IPCA + 13,7%\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>out\u002F32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>24A2721507\u003C\u002Ftd>\u003Ctd>1,6\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>IPCA + 11,09%\u003C\u002Ftd>\u003Ctd>IPCA + 13,9%\u003C\u002Ftd>\u003Ctd>3,3\u003C\u002Ftd>\u003Ctd>jan\u002F31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>24A2722748\u003C\u002Ftd>\u003Ctd>0,4\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>IPCA + 11,31%\u003C\u002Ftd>\u003Ctd>IPCA + 11,8%\u003C\u002Ftd>\u003Ctd>5,0\u003C\u002Ftd>\u003Ctd>jan\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CHP (Mezanino)\u003C\u002Ftd>\u003Ctd>21F1035595\u003C\u002Ftd>\u003Ctd>1,1\u003C\u002Ftd>\u003Ctd>0,6%\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>IPCA + 25,0%\u003C\u002Ftd>\u003Ctd>IPCA + 32,1%\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd>jul\u002F41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Axs\u003C\u002Ftd>\u003Ctd>22K1397969\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>IPCA + 12,04%\u003C\u002Ftd>\u003Ctd>IPCA + 11,1%\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003Ctd>nov\u002F36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total IPCA\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>142,7\u003C\u002Ftd>\u003Ctd>72,6%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>IPCA + 9,5%\u003C\u002Ftd>\u003Ctd>IPCA + 10,4%\u003C\u002Ftd>\u003Ctd>2,8\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Código B3\u003C\u002Ftd>\u003Ctd>Volume\u003C\u002Ftd>\u003Ctd>% PL\u003C\u002Ftd>\u003Ctd>Segmento\u003C\u002Ftd>\u003Ctd>Taxa de Aquisição (%a.a.)\u003C\u002Ftd>\u003Ctd>Taxa de Mercado (%a.a.)\u003C\u002Ftd>\u003Ctd>Duration (anos)\u003C\u002Ftd>\u003Ctd>Venc.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Serpasa\u003C\u002Ftd>\u003Ctd>22D0382755\u003C\u002Ftd>\u003Ctd>4,8\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>Agronegócio\u003C\u002Ftd>\u003Ctd>CDI + 6,0%\u003C\u002Ftd>\u003Ctd>CDI + 4,5%\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003Ctd>nov\u002F31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Anima\u003C\u002Ftd>\u003Ctd>22L1465644\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003Ctd>2,1%\u003C\u002Ftd>\u003Ctd>Educação\u003C\u002Ftd>\u003Ctd>CDI + 2,05%\u003C\u002Ftd>\u003Ctd>CDI + 2,05%\u003C\u002Ftd>\u003Ctd>1,2\u003C\u002Ftd>\u003Ctd>dez\u002F27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Simpar\u003C\u002Ftd>\u003Ctd>231211962\u003C\u002Ftd>\u003Ctd>0,3\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>CDI + 2,49%\u003C\u002Ftd>\u003Ctd>CDI + 1,25%\u003C\u002Ftd>\u003Ctd>1,7\u003C\u002Ftd>\u003Ctd>set\u002F28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Solfácil I\u003C\u002Ftd>\u003Ctd>24F0002203\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>CDI + 6,0%\u003C\u002Ftd>\u003Ctd>CDI + 6,0%\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003Ctd>jun\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>City\u003C\u002Ftd>\u003Ctd>24H2012907\u003C\u002Ftd>\u003Ctd>5,0\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>CDI + 4,25%\u003C\u002Ftd>\u003Ctd>CDI + 4,2%\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003Ctd>ago\u002F30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pró Soluto MRV Ⅱ\u003C\u002Ftd>\u003Ctd>2211423539\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>CDI + 3,0%\u003C\u002Ftd>\u003Ctd>CDI + 5,4%\u003C\u002Ftd>\u003Ctd>1,0\u003C\u002Ftd>\u003Ctd>set\u002F27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Solfácil II\u003C\u002Ftd>\u003Ctd>25E3533090\u003C\u002Ftd>\u003Ctd>1,4\u003C\u002Ftd>\u003Ctd>0,7%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>CDI + 5,75%\u003C\u002Ftd>\u003Ctd>CDI + 5,8%\u003C\u002Ftd>\u003Ctd>4,2\u003C\u002Ftd>\u003Ctd>mai\u002F35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BR Properties\u003C\u002Ftd>\u003Ctd>23H1023846\u003C\u002Ftd>\u003Ctd>5,2\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>CDI + 2,0%\u003C\u002Ftd>\u003Ctd>CDI + 1,3%\u003C\u002Ftd>\u003Ctd>2,8\u003C\u002Ftd>\u003Ctd>ago\u002F31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping São Gonçalo II\u003C\u002Ftd>\u003Ctd>24G1972260\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003Ctd>Shopping Center\u003C\u002Ftd>\u003Ctd>CDI + 4,5%\u003C\u002Ftd>\u003Ctd>CDI + 10,7%\u003C\u002Ftd>\u003Ctd>5,1\u003C\u002Ftd>\u003Ctd>jul\u002F39\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Arena MRV I\u003C\u002Ftd>\u003Ctd>21L0823062\u003C\u002Ftd>\u003Ctd>1,1\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>Entretenimento\u003C\u002Ftd>\u003Ctd>CDI + 5,3%\u003C\u002Ftd>\u003Ctd>CDI + 6,3%\u003C\u002Ftd>\u003Ctd>1,3\u003C\u002Ftd>\u003Ctd>set\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Arena MRV II\u003C\u002Ftd>\u003Ctd>2210246580\u003C\u002Ftd>\u003Ctd>0,8\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>Entretenimento\u003C\u002Ftd>\u003Ctd>CDI + 5,3%\u003C\u002Ftd>\u003Ctd>CDI + 5,5%\u003C\u002Ftd>\u003Ctd>1,3\u003C\u002Ftd>\u003Ctd>set\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>You Inc\u003C\u002Ftd>\u003Ctd>21L0329277\u003C\u002Ftd>\u003Ctd>1,0\u003C\u002Ftd>\u003Ctd>0,5%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>CDI + 4,3%\u003C\u002Ftd>\u003Ctd>CDI + 3,3%\u003C\u002Ftd>\u003Ctd>0,2\u003C\u002Ftd>\u003Ctd>nov\u002F26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Novo Mundo\u003C\u002Ftd>\u003Ctd>22E1313201\u003C\u002Ftd>\u003Ctd>0,4\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>CDI + 3,0%\u003C\u002Ftd>\u003Ctd>50% PU Par\u003C\u002Ftd>\u003Ctd>0,8\u003C\u002Ftd>\u003Ctd>NA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Gafisa\u003C\u002Ftd>\u003Ctd>21L0729728\u003C\u002Ftd>\u003Ctd>0,1\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>CDI + 4,5%\u003C\u002Ftd>\u003Ctd>CDI + 2,5%\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003Ctd>nov\u002F27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Gafisa\u003C\u002Ftd>\u003Ctd>21L0729731\u003C\u002Ftd>\u003Ctd>0,1\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Imobiliário Residencial\u003C\u002Ftd>\u003Ctd>CDI + 4,5%\u003C\u002Ftd>\u003Ctd>CDI + 2,5%\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003Ctd>nov\u002F27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>22J0305579\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>CDI + 2,92%\u003C\u002Ftd>\u003Ctd>CDI + 4,9%\u003C\u002Ftd>\u003Ctd>1,0\u003C\u002Ftd>\u003Ctd>out\u002F27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>24A2720884\u003C\u002Ftd>\u003Ctd>0,1\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>CDI + 3,09%\u003C\u002Ftd>\u003Ctd>CDI + 5,0%\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003Ctd>jan\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Solfacil\u003C\u002Ftd>\u003Ctd>26E3527000\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>1,6%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>CDI + 5,5%\u003C\u002Ftd>\u003Ctd>CDI + 5,5%\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>mai\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Total CDI\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>33,8\u003C\u002Fth>\u003Cth>17,2%\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>CDI + 4,1%\u003C\u002Fth>\u003Cth>CDI + 4,2%\u003C\u002Fth>\u003Cth>2,5\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Solfácil II\u003C\u002Ftd>\u003Ctd>24A2984302\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>16,48%\u003C\u002Ftd>\u003Ctd>16,5%\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003Ctd>jan\u002F34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Solfácil III\u003C\u002Ftd>\u003Ctd>25I4001054\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>15,12%\u003C\u002Ftd>\u003Ctd>15,2%\u003C\u002Ftd>\u003Ctd>1,7\u003C\u002Ftd>\u003Ctd>set\u002F30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Solfácil II Super\u003C\u002Ftd>\u003Ctd>24F0002202\u003C\u002Ftd>\u003Ctd>1,7\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>Geração Distribuída\u003C\u002Ftd>\u003Ctd>14,56%\u003C\u002Ftd>\u003Ctd>15,4%\u003C\u002Ftd>\u003Ctd>3,7\u003C\u002Ftd>\u003Ctd>jun\u002F32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Sênior\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>Dasa\u003C\u002Ftd>\u003Ctd>24A2715837\u003C\u002Ftd>\u003Ctd>0,2\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>15,91%\u003C\u002Ftd>\u003Ctd>19,8%\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003Ctd>jan\u002F29\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dasa\u003C\u002Ftd>\u003Ctd>24A2721829\u003C\u002Ftd>\u003Ctd>0,2\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Saúde\u003C\u002Ftd>\u003Ctd>16,08%\u003C\u002Ftd>\u003Ctd>20,0%\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>jan\u002F31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>JSL\u003C\u002Ftd>\u003Ctd>23I1259644\u003C\u002Ftd>\u003Ctd>0,1\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>19,27%\u003C\u002Ftd>\u003Ctd>19,5%\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003Ctd>set\u002F30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Pré\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>8,0\u003C\u002Ftd>\u003Ctd>4,1%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>15,5%\u003C\u002Ftd>\u003Ctd>16,0%\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total Carteira\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>184,5\u003C\u002Ftd>\u003Ctd>93,8%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Como Estratégia Complementar, o Fundo procura alocar uma parcela minoritária, 5,1% do PL no momento, em cotas de FIIs de recebíveis com viés de renda.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>FII\u003C\u002Fth>\u003Cth>Ticker\u003C\u002Fth>\u003Cth>Volume\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003Cth>Gestor\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Valora CRI Infra FII\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>Valora\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Iridium FII\u003C\u002Ftd>\u003Ctd>IRIM11\u003C\u002Ftd>\u003Ctd>2,8\u003C\u002Ftd>\u003Ctd>1,4%\u003C\u002Ftd>\u003Ctd>Valora\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Navi Crédito Imobiliário FII\u003C\u002Ftd>\u003Ctd>NCRI11\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003Ctd>Navi\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RBR Rendimentos High Grade\u003C\u002Ftd>\u003Ctd>RBRR11\u003C\u002Ftd>\u003Ctd>0,8\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>RBR Asset\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vinci Fulwood\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>0,3%\u003C\u002Ftd>\u003Ctd>Vinci Compass\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vinci Residencial\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,3\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Vinci Compass\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Xp Ideazarvos\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,3\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>XP\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Kilima Volkano Recebíveis\u003C\u002Ftd>\u003Ctd>KIVO11\u003C\u002Ftd>\u003Ctd>0,2\u003C\u002Ftd>\u003Ctd>0,1%\u003C\u002Ftd>\u003Ctd>Kilima\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vectis Juros Real FII\u003C\u002Ftd>\u003Ctd>VCJR11\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003Ctd>0,2%\u003C\u002Ftd>\u003Ctd>Pátria\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Kinea Securities\u003C\u002Ftd>\u003Ctd>KNSC11\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>Kinea Investimentos\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>10,1\u003C\u002Ftd>\u003Ctd>5,1%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Mais detalhes sobre esta carteira de crédito, como estrutura de garantias das operações, podem ser encontrados no site do fundo.\u003C\u002Fp>\u003Ch3>Glossário\u003C\u002Fh3>\u003Cp>Clique \u003Cstrong>aqui\u003C\u002Fstrong> para acessar o glossário completo disponibilizado no site de RI.\u003C\u002Fp>\u003Ch3>Contato RI\u003C\u002Fh3>\u003Cp>www.vincifundoslistados.com\u003C\u002Fp>\u003Cp>ri@vincifundoslistados.com\u003C\u002Fp>\u003Cp>+55 (21) 2159-6222\u003C\u002Fp>\u003Cp>PARA SE CADASTRAR NO MAILING, CLIQUE \u003Cstrong>AQUI\u003C\u002Fstrong>.\u003C\u002Fp>\u003Cp>M Autorregulação ANBIMA\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_14_image_10.jpg\">\u003C\u002Fp>\u003Cp>Este material foi elaborado pela Vinci Real Estate Gestora de Recursos Ltda. (“Vinci RE”), tendo caráter meramente informativo e não foi objeto de auditoria específica. Este material foi preparado com base em informações pertencentes à Vinci RE e outras informações disponíveis ao público. As informações contidas neste documento são materialmente precisas até a data a que o documento se refere. A Vinci RE usa informações de fontes conhecidas por sua confiabilidade e boa-fé, mas isto não representa nem endossa a precisão ou confiabilidade de nenhuma dessas informações e a Vinci não se responsabiliza pelo teor dessas informações. A Vinci RE não garante as estimativas ou projeções quanto a eventos que possam ocorrer no futuro (incluindo projeções de receita, despesa, lucro líquido e desempenho de ações) contidas neste material. Os resultados reais podem variar das projeções e tais variações podem ser significativas. Nada aqui contido é, ou deve ser entendido como, uma promessa ou representação do passado ou do futuro. A rentabilidade obtida no passado não representa garantia de rentabilidade futura. A Vinci RE se exonera, expressamente, de toda e qualquer responsabilidade relacionada ou resultante da utilização deste material. Este material foi preparado exclusivamente para fins informativos e não deve ser interpretado como uma solicitação ou oferta de compra ou venda de quaisquer valores mobiliários ou instrumentos financeiros relacionados. A Vinci RE não interpreta o conteúdo deste material como consultoria jurídica, contábil, fiscal ou de investimento ou como recomendação. Este material não pretende ser exaustivo ou conter todas as informações que a Vinci RE possa exigir ou ser exigida. Nenhum investimento, desinvestimento ou outras ações ou decisões financeiras devem se basear apenas nas informações contidas neste material.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F10012\u002Fpage_14_chart_13.jpg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FVCRI11\u002Fdocumentos\u002F10012\u002Fpdf",false,"2026-08-31","2026-09-08 18:32:00",{"id":97,"empresa":98,"gestor":102,"cotacoes":108,"patrimonio":211,"vpa":212,"p_vpa":213,"tipo_gestao":214,"mandato":215,"segmento":216,"categoria":56,"grupo":56,"preco_atual":209,"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":207,"pregoes_com_negocio_21":233,"alertas":234,"updated_at":235,"liquidez_media_reais":236,"administrador":47,"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":260,"investimentos_fundo":261,"imoveis":264,"contratos":215,"custodiante":266,"auditor_independente":271,"formador_mercado":215,"distribuidor_cotas":276,"consultor_especializado":215,"administrador_locacoes":215,"relatorio_anual":277,"analise_administrador":280},617,{"nome":54,"nome_simplificado":99,"nome_comercial":51,"ticker":53,"nome_ticker":100,"nome_pregao":101,"cnpj":61},"VINCI CREDIT SECURITIES   RESPONSABILIDADE LIMITADA","VCRI11 - VINCI CREDIT SECURITIES FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","FII VINCI CR",{"id":103,"nome":41,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},95,"13838015000175","Avenida Bartolomeu Mitre nº 336, 5º andar, parte, Leblon, Rio de Janeiro","(11) 3572-3700","2026-10-03T18:58:16.000000Z",[109,115,120,125,131,136,141,147,153,158,164,168,172,177,183,189,194,200,205],{"id":110,"data":111,"abertura":112,"ultimo":113,"volume":114},3288809,"2026-10-06",7.34,7.56,19572,{"id":116,"data":117,"abertura":113,"ultimo":118,"volume":119},3289184,"2026-10-07",7.5,39639,{"id":121,"data":122,"abertura":118,"ultimo":123,"volume":124},3290273,"2026-10-08",7.53,25445,{"id":126,"data":127,"abertura":128,"ultimo":129,"volume":130},3290962,"2026-10-09",7.44,7.52,22909,{"id":132,"data":133,"abertura":134,"ultimo":113,"volume":135},3357007,"2026-10-13",7.48,10578,{"id":137,"data":138,"abertura":139,"ultimo":118,"volume":140},3375594,"2026-10-14",7.57,8206,{"id":142,"data":143,"abertura":144,"ultimo":145,"volume":146},3376323,"2026-10-15",7.55,7.54,4056,{"id":148,"data":149,"abertura":150,"ultimo":151,"volume":152},3377115,"2026-10-16",7.4,7.42,16114,{"id":154,"data":155,"abertura":156,"ultimo":134,"volume":157},3445031,"2026-10-19",7.43,1698,{"id":159,"data":160,"abertura":161,"ultimo":162,"volume":163},3446623,"2026-10-20",7.46,7.49,6029,{"id":165,"data":166,"abertura":123,"ultimo":118,"volume":167},3459730,"2026-10-21",10042,{"id":169,"data":170,"abertura":139,"ultimo":161,"volume":171},3473575,"2026-10-22",48821,{"id":173,"data":174,"abertura":161,"ultimo":175,"volume":176},3488112,"2026-10-23",7.47,19091,{"id":178,"data":179,"abertura":180,"ultimo":181,"volume":182},3566246,"2026-10-26",7.2,7.3,14377,{"id":184,"data":185,"abertura":186,"ultimo":187,"volume":188},3580096,"2026-10-27",7.15,7.23,56933,{"id":190,"data":191,"abertura":187,"ultimo":192,"volume":193},3594107,"2026-10-28",6.89,42737,{"id":195,"data":196,"abertura":197,"ultimo":198,"volume":199},3609154,"2026-10-29",6.87,6.85,11983,{"id":201,"data":202,"abertura":198,"ultimo":203,"volume":204},3624798,"2026-10-30",6.79,13534,{"id":206,"data":207,"abertura":208,"ultimo":209,"volume":210},3682153,"2026-11-03",6.77,6.63,22326,196832741.07,9.58,"0.69","Ativa",null,"Outros","2026-11-04 09:00","-0.0236","-0.0377","-0.0980","-0.0843","-0.1077","-0.0515",390,"0.0900","0.0133","Nov\u002F2026","0.0415","0.0845","0.1667","0.0125",12,21,[],"04\u002F11\u002F2026 23:01",151357.41,0.0113,{"data_referencia":239,"ativo":240,"passivo":241,"obrigacoes_imoveis":242,"obrigacoes_securitizacao":242,"liquidez":243,"valores_receber":244},"2026-09-01",199083116.41,2250375.34,0,3663497.65,12351.35,{"data_referencia":246,"resultado":247,"rendimentos":248,"percentual":249},"2026-06-30",11891055.68,11298942.406,0.9502051550396912,"Investidores em Geral",[252],"Bolsa","2021-05-12",20543663,12198,{"Pessoa Física":257,"Pessoa jurídica não financeira":258,"Outros fundos de investimento":259,"Investidores não residentes":78,"Cotistas de distribuidores do fundo (distribuição por conta e ordem)":72,"Corretora ou distribuidora":69},12169,15,7,195407267.41,{"CRI \u002F CRA":262,"Cotas de FIIs":263},185349012.88,10058254.53,{"vacancia_total":242,"lista_imoveis":265,"data_referencia":246,"vacancia_suspeita":93},[],{"id":72,"nome":47,"cnpj":267,"endereco":268,"telefone":269,"created_at":270,"updated_at":270},"13486793000142","R. Alves Guimarães, 1216 - Pinheiros, São Paulo - SP, 05410-002","(11) 3509-0600","2026-06-07T17:17:20.000000Z",{"id":76,"nome":272,"cnpj":273,"endereco":274,"telefone":275,"created_at":270,"updated_at":270},"PRICEWATERHOUSECOOPERS AUDITORES INDEPENDENTES LTDA.","61562112000120","Avenida Brigadeiro Faria Lima, 3732, Edifício B32, 16º andar - Itaim Bibi, São Paulo - SP, 04538-132","(11) 4004-8000",{"id":72,"nome":47,"cnpj":267,"endereco":268,"telefone":269,"created_at":270,"updated_at":270},{"ano_referencia":278,"data_disponibilizacao":279},"2025","2026-03-31",{"ResultadoFundo":281,"ConjunturaEconomica":282,"PerspectivaPeriodoSeguinte":283},"No exercício social findo em 31\u002F12\u002F2025, o Fundo, foi apurado o lucro contabil no montante de R$25.907.172,99","Ao longo de 2025, o ambiente macroeconômico doméstico foi marcado pela desaceleração gradual da atividade econômica e pela trajetória de arrefecimento da inflação. Nesse contexto, os efeitos defasados da política monetária restritiva passaram a se refletir de forma mais clara sobre a atividade, aumentando a expectativa de flexibilização da política monetária.","Para 2026, a expectativa é de um ambiente de atividade econômica mais moderado e inflação em trajetória de desaceleração. Nesse contexto, o mercado passou a incorporar a perspectiva de início de um ciclo de flexibilização da política monetária, ainda que em ambiente de juros reais elevados. Caso esse movimento se consolide, a redução da taxa básica de juros poderá contribuir para condições mais favoráveis aos ativos domésticos ao longo do período."]