[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"seo:\u002Fdetalhes\u002FVGHF11\u002Fdocumentos\u002F22779":3,"documento:VGHF11:22779":81,"fii-documento:VGHF11":90},{"title":4,"description":5,"canonical":6,"image":7,"json_ld":8,"nome":33,"resumo":74},"Relatório Gerencial VGHF11 de setembro de 2026 | Kartac","Relatório Gerencial de setembro de 2026 do VGHF11 (Valora Hedge Fund), entrega em 04\u002F11\u002F2026. DY 12 meses de 18,81% e P\u002FVP 0,51 em 03\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVGHF11\u002Fdocumentos\u002F22779","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":9,"@graph":10},"https:\u002F\u002Fschema.org",[11,17,22,31,44,59],{"@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\u002FVGHF11\u002Fdocumentos\u002F22779#pagina",{"@id":19},"2026-11-05",{"@id":28},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVGHF11\u002Fdocumentos\u002F22779#documento",{"@id":30},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVGHF11\u002Fdocumentos\u002F22779#migalhas",{"@type":32,"@id":28,"name":33,"alternateName":34,"url":6,"inLanguage":20,"about":35,"genre":37,"datePublished":38,"temporalCoverage":39,"author":40,"publisher":42,"isBasedOn":43},"Report","Relatório Gerencial VGHF11 de setembro de 2026","(VGHF) Relatório Gerencial - 30\u002F09\u002F2026",{"@id":36},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVGHF11#fundo","Relatórios","2026-11-04","2026-09",{"@type":12,"name":41},".BANCO DAYCOVAL S\u002FA",{"@type":12,"name":41},"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1368956",{"@type":45,"@id":36,"name":46,"alternateName":47,"url":50,"category":51,"identifier":52},"InvestmentFund","Valora Hedge Fund",[48,49],"VGHF11","VALORA HEDGE FUND FUNDO DE INVESTIMENTO IMOBILIÁRIO DE RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVGHF11","Fundo de fundos",[53,56],{"@type":54,"propertyID":55,"value":48},"PropertyValue","Ticker B3",{"@type":54,"propertyID":57,"value":58},"CNPJ","36.771.692\u002F0001-19",{"@type":60,"@id":30,"itemListElement":61},"BreadcrumbList",[62,66,70,72],{"@type":63,"position":64,"name":65,"item":15},"ListItem",1,"Início",{"@type":63,"position":67,"name":68,"item":69},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":63,"position":71,"name":48,"item":50},3,{"@type":63,"position":73,"name":34,"item":6},4,{"atualizado_em":38,"frases":75},[76,77,78,79,80],"Relatório Gerencial do Valora Hedge Fund (VGHF11), fundo imobiliário de fundos (FoF), referente a setembro de 2026, com entrega no FundosNet (B3) em 04\u002F11\u002F2026.","No pregão de 03\u002F11\u002F2026, a cota do VGHF11 fechou a R$ 4,20, com P\u002FVP de 0,51 (valor patrimonial de R$ 8,26 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,05 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 18,81% sobre a cotação de 03\u002F11\u002F2026.","O patrimônio líquido era de R$ 1,4 bilhão no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":82,"descricao":34,"assunto":83,"tipo":37,"situacao":84,"texto":85,"link_pdf":86,"estruturado":87,"link_original":43,"data_referencia":88,"data_entrega":89,"versao":64},22779,"Relatório Gerencial","(Ativo)","\u003Ch3>RELATÓRIO DE GESTÃO\u003C\u002Fh3>\u003Cp>cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios\u003C\u002Fp>\u003Cp>Setembro 2026\u003C\u002Fp>\u003Ch4>Comentários do Gestor\u003C\u002Fh4>\u003Cp>O Fundo encerrou o mês de setembro de 2026 com 102,1% de seu patrimônio líquido alocado em Ativos-Alvo, distribuídos em 136 diferentes ativos, num total investido de R$1.388,6 milhões. Os recursos líquidos estavam investidos em instrumentos de caixa.\u003C\u002Fp>\u003Cp>A distribuição de rendimentos do Fundo referente ao mês de setembro de 2026 foi de R$0,06 por cota, o equivalente a uma rentabilidade líquida de 9,2% ou IPCA + 8,3% ao ano sobre o valor da cota patrimonial no final de agosto de 2026. Ao longo dos últimos 12 meses, o Fundo acumulou uma distribuição de dividendos de R$0,81 por cota, equivalente a uma rentabilidade líquida de 10,0% ao ano ou IPCA + 5,3% ao ano sobre a cota patrimonial.\u003C\u002Fp>\u003Cp>Durante o mês de setembro, a cota patrimonial do Fundo registrou uma variação positiva de R$0,12 por cota, fruto da marcação anual via laudo das SPEs presentes na carteira do Fundo.\u003C\u002Fp>\u003Cp>Durante o mês, na carteira de VALOR, não houve movimentações significativas de compra e venda. A carteira VALOR ao final de setembro passou a representar 52,8% do total de Ativos-Alvo do Fundo (vs. 51,8% no mês anterior). Enquanto isso, na carteira de RENDA, houve vendas líquidas de R$21,5 milhões de CRIs e aquisições de R$20,5 milhões em FIIs ilíquidos com carrego indexado a CDI. A carteira de RENDA passou a representar 47,2% do total de Ativos-Alvo do Fundo (vs. 48,2% no mês anterior).\u003C\u002Fp>\u003Cp>Casos de inadimplência da carteira de crédito: Os CRIs Selina continuam marcados a ZERO na carteira do Fundo. Os demais ativos do Fundo encontram-se adimplentes e, com base nos trabalhos de monitoramento e acompanhamento intensos e próximos de todos os ativos, na opinião da Gestão a carteira de CRIs continua saudável.\u003C\u002Fp>\u003Cp>Por fim, o número de cotistas do Fundo atingiu 358.491 cotistas no final de setembro, com liquidez média diária de R$2,1 milhões no mês.\u003C\u002Fp>\u003Ch5>\u003Cb> Objetivo \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>O Fundo tem como objetivo o investimento em Ativos-Alvo: (a) Ações Imobiliárias, (b) Debêntures Imobiliárias; (c) Participações em SPE Imobiliária; (d) cotas de FIP Imobiliário; (e) cotas de FIA Imobiliário; (f) CEPAC; (g) cotas de FII; (h) CRI; (i) cotas de FIDC Imobiliário; (j) letras hipotecárias; (k) letras de crédito imobiliário; (l) letras imobiliárias garantidas; e (m) Outros Títulos Imobiliários, em conformidade com os critérios de elegibilidade definidos na política de investimento.\u003C\u002Fp>\u003Ch5>\u003Cb> Público-Alvo \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>Investidores em geral.\u003C\u002Fp>\u003Ch5>\u003Cb> Taxa de Administração e Gestão \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>0,90% ao ano sobre o patrimônio líquido do Fundo, com valor mínimo mensal de R$10.000.\u003C\u002Fp>\u003Ch5>\u003Cb> Taxa de Performance \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>20% sobre o que exceder IPCA + média do \u003Ci> yield \u003C\u002Fi> anual do IMAB5 no semestre civil anterior, com o valor mínimo de IPCA + 3% ao ano. Caso essa média seja menor que 4% ao ano, a mesma será acrescida de 1% ao ano; caso a mesma seja maior ou igual a 4% ao ano e menor que 5% ao ano, será utilizado 5% ao ano. A taxa é paga semestralmente nos meses de julho e janeiro.\u003C\u002Fp>\u003Ch5>\u003Cb> Distribuição de Rendimentos \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Divulgação de rendimentos: \u003C\u002Fb> Último dia útil\u003C\u002Fp>\u003Cp>\u003Cb> Data ex-rendimentos: \u003C\u002Fb> 1º dia útil\u003C\u002Fp>\u003Cp>\u003Cb> Pagamento de rendimentos: \u003C\u002Fb> 5º dia útil\u003C\u002Fp>\u003Ch5>\u003Cb> Dados Adicionais \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Gestão: \u003C\u002Fb> Valora Gestão de Investimentos\u003C\u002Fp>\u003Cp>\u003Cb> Administração: \u003C\u002Fb> Banco Daycoval S.A.\u003C\u002Fp>\u003Cp>\u003Cb> Escriturador: \u003C\u002Fb> Banco Daycoval S.A.\u003C\u002Fp>\u003Cp>\u003Cb> Auditor: \u003C\u002Fb> PWC\u003C\u002Fp>\u003Ch5>\u003Cb> Informações Operacionais \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Data de início do Fundo: \u003C\u002Fb> 26\u002F02\u002F2021\u003C\u002Fp>\u003Cp>\u003Cb> Prazo de duração \u003C\u002Fb>: Indeterminado\u003C\u002Fp>\u003Cp>\u003Cb> Classificação ANBIMA: \u003C\u002Fb> FII de Títulos de Valores\u003C\u002Fp>\u003Cp>1\u003C\u002Fp>\u003Cp>Mobiliários Gestão Ativa\u003C\u002Fp>\u003Cp>\u003Cb> Classificação CVM: \u003C\u002Fb> FII\u003C\u002Fp>\u003Cp>\u003Cb> Código de Negociação \u003C\u002Fb>: B3:VGHF11\u003C\u002Fp>\u003Cp>\u003Cb> Código ISIN: \u003C\u002Fb> BRVGHFCTF005\u003C\u002Fp>\u003Cp>\u003Cb> Código CVM \u003C\u002Fb>: 0320086\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch4>Carteira de Ativos\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código Ativo\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Valor (R$)\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>Duration\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>João Dias\u003C\u002Ftd>\u003Ctd>26C4342294\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>32.660.407,90\u003C\u002Ftd>\u003Ctd>2,40%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F03\u002F2027\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 160E 1S\u003C\u002Ftd>\u003Ctd>26E4704009\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>24.949.016,99\u003C\u002Ftd>\u003Ctd>1,83%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F08\u002F2046\u003C\u002Ftd>\u003Ctd>5,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 155E 1S\u003C\u002Ftd>\u003Ctd>26E4672203\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>24.949.016,96\u003C\u002Ftd>\u003Ctd>1,83%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F08\u002F2046\u003C\u002Ftd>\u003Ctd>5,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Manhattan 161S\u003C\u002Ftd>\u003Ctd>19J0327167\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>23.328.944,65\u003C\u002Ftd>\u003Ctd>1,71%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>5,70%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>23\u002F12\u002F2026\u003C\u002Ftd>\u003Ctd>0,2\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 79E 1S\u003C\u002Ftd>\u003Ctd>24L2814870\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>16.262.489,28\u003C\u002Ftd>\u003Ctd>1,20%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>28\u002F12\u002F2029\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>CashMe 31E Sênior\u003C\u002Ftd>\u003Ctd>23F2408637\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>15.847.929,41\u003C\u002Ftd>\u003Ctd>1,16%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>21\u002F06\u002F2030\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 86E\u003C\u002Ftd>\u003Ctd>25C3846858\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>13.428.358,25\u003C\u002Ftd>\u003Ctd>0,99%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>27\u002F02\u002F2030\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Manhattan 196S\u003C\u002Ftd>\u003Ctd>20L0870667\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>13.376.681,03\u003C\u002Ftd>\u003Ctd>0,98%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>16\u002F02\u002F2029\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>You Ações\u003C\u002Ftd>\u003Ctd>26B2040759\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>11.258.834,06\u003C\u002Ftd>\u003Ctd>0,83%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>28\u002F01\u002F2033\u003C\u002Ftd>\u003Ctd>3,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 7E1S\u003C\u002Ftd>\u003Ctd>22E1211649\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>10.455.311,38\u003C\u002Ftd>\u003Ctd>0,77%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>07\u002F06\u002F2027\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Rede Duque 444S\u003C\u002Ftd>\u003Ctd>21I0855623\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>10.078.267,70\u003C\u002Ftd>\u003Ctd>0,74%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,20%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>20\u002F09\u002F2033\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Rede Duque 443S\u003C\u002Ftd>\u003Ctd>21I0855537\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>10.035.524,58\u003C\u002Ftd>\u003Ctd>0,74%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,20%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>20\u002F09\u002F2033\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Cemara\u003C\u002Ftd>\u003Ctd>22H1582777\u003C\u002Ftd>\u003Ctd>Pulverizado\u003C\u002Ftd>\u003Ctd>9.702.484,37\u003C\u002Ftd>\u003Ctd>0,71%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>16\u002F08\u002F2032\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 155E 3S\u003C\u002Ftd>\u003Ctd>26E4686236\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>9.087.198,11\u003C\u002Ftd>\u003Ctd>0,67%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>6,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F08\u002F2046\u003C\u002Ftd>\u003Ctd>5,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 160E 3S\u003C\u002Ftd>\u003Ctd>26E4706040\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>9.087.198,10\u003C\u002Ftd>\u003Ctd>0,67%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>6,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F08\u002F2046\u003C\u002Ftd>\u003Ctd>5,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>You 73E 1S\u003C\u002Ftd>\u003Ctd>22D0847833\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>8.892.252,95\u003C\u002Ftd>\u003Ctd>0,65%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>26\u002F11\u002F2027\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>EAB\u003C\u002Ftd>\u003Ctd>22F1020478\u003C\u002Ftd>\u003Ctd>Infraestrutura\u003C\u002Ftd>\u003Ctd>8.825.749,78\u003C\u002Ftd>\u003Ctd>0,65%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,70%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>15\u002F06\u002F2032\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 111E\u003C\u002Ftd>\u003Ctd>25F2931000\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>8.733.919,14\u003C\u002Ftd>\u003Ctd>0,64%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2030\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Roc Panamby\u003C\u002Ftd>\u003Ctd>24A2073830\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>8.670.503,01\u003C\u002Ftd>\u003Ctd>0,64%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>03\u002F03\u002F2027\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Ditolvo 37E\u003C\u002Ftd>\u003Ctd>23K1512153\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>8.201.440,92\u003C\u002Ftd>\u003Ctd>0,60%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F10\u002F2030\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Rede D'Or 214S\u003C\u002Ftd>\u003Ctd>19H0235501\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>6.503.367,60\u003C\u002Ftd>\u003Ctd>0,48%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>3,88%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F06\u002F2031\u003C\u002Ftd>\u003Ctd>1,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Scala Datacenter 2S\u003C\u002Ftd>\u003Ctd>25G0686794\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>6.112.548,24\u003C\u002Ftd>\u003Ctd>0,45%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>16\u002F07\u002F2040\u003C\u002Ftd>\u003Ctd>5,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 440S\u003C\u002Ftd>\u003Ctd>22A0788605\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>5.567.117,02\u003C\u002Ftd>\u003Ctd>0,41%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>28\u002F01\u002F2028\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 22E\u003C\u002Ftd>\u003Ctd>22L1013767\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>5.503.438,70\u003C\u002Ftd>\u003Ctd>0,40%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>27\u002F11\u002F2026\u003C\u002Ftd>\u003Ctd>1,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>JSTX\u003C\u002Ftd>\u003Ctd>24A1828538\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>5.056.592,61\u003C\u002Ftd>\u003Ctd>0,37%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,84%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>03\u002F12\u002F2038\u003C\u002Ftd>\u003Ctd>5,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003Cbr>CRI\u003C\u002Ftd>\u003Ctd>Helbor 40E\u003Cbr>You 73E 2S\u003C\u002Ftd>\u003Ctd>23K1511855\u003Cbr>22D0847835\u003C\u002Ftd>\u003Ctd>Residencial\u003Cbr>Residencial\u003C\u002Ftd>\u003Ctd>5.003.125,92\u003Cbr>4.932.386,77\u003C\u002Ftd>\u003Ctd>0,37%\u003Cbr>0,36%\u003C\u002Ftd>\u003Ctd>CDI\u003Cbr>CDI\u003C\u002Ftd>\u003Ctd>3,00%\u003Cbr>4,50%\u003C\u002Ftd>\u003Ctd>Renda\u003Cbr>Renda\u003C\u002Ftd>\u003Ctd>29\u002F11\u002F2028\u003Cbr>26\u002F04\u002F2027\u003C\u002Ftd>\u003Ctd>1,1\u003Cbr>1,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Roc Panamby 3S\u003C\u002Ftd>\u003Ctd>25J5480731\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>4.519.774,73\u003C\u002Ftd>\u003Ctd>0,33%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,24%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>03\u002F03\u002F2027\u003C\u002Ftd>\u003Ctd>0,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Athon Energia\u003C\u002Ftd>\u003Ctd>21G0864339\u003C\u002Ftd>\u003Ctd>Infraestrutura\u003C\u002Ftd>\u003Ctd>4.328.566,17\u003C\u002Ftd>\u003Ctd>0,32%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>15\u002F08\u002F2033\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>OBA 315S\u003C\u002Ftd>\u003Ctd>21F0950228\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>3.959.946,76\u003C\u002Ftd>\u003Ctd>0,29%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,40%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2033\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Ceratti e Magna Jr.\u003C\u002Ftd>\u003Ctd>22E0120569\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>3.877.036,78\u003C\u002Ftd>\u003Ctd>0,28%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>21\u002F05\u002F2027\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Copagril\u003C\u002Ftd>\u003Ctd>21F0968888\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>3.717.634,79\u003C\u002Ftd>\u003Ctd>0,27%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>16\u002F06\u002F2031\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>GPA 85S\u003C\u002Ftd>\u003Ctd>20H0695880\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>3.618.579,63\u003C\u002Ftd>\u003Ctd>0,27%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>10\u002F08\u002F2035\u003C\u002Ftd>\u003Ctd>6,2\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>OBA 279S\u003C\u002Ftd>\u003Ctd>21F0950009\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>3.001.431,45\u003C\u002Ftd>\u003Ctd>0,22%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,40%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2033\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>JSL Ribeira 261S\u003C\u002Ftd>\u003Ctd>20A0977906\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>2.657.611,41\u003C\u002Ftd>\u003Ctd>0,20%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>25\u002F01\u002F2035\u003C\u002Ftd>\u003Ctd>3,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>JSL Ribeira 268S\u003C\u002Ftd>\u003Ctd>20A0978038\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>2.657.611,41\u003C\u002Ftd>\u003Ctd>0,20%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>6,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>25\u002F01\u002F2035\u003C\u002Ftd>\u003Ctd>3,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Realiza\u003C\u002Ftd>\u003Ctd>25C5641737\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>2.052.511,46\u003C\u002Ftd>\u003Ctd>0,15%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>26\u002F03\u002F2037\u003C\u002Ftd>\u003Ctd>4,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>São Gonçalo\u003C\u002Ftd>\u003Ctd>19L0928585\u003C\u002Ftd>\u003Ctd>Shopping\u003C\u002Ftd>\u003Ctd>1.939.276,49\u003C\u002Ftd>\u003Ctd>0,14%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5,06%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>15\u002F12\u002F2034\u003C\u002Ftd>\u003Ctd>3,9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Braspark\u003C\u002Ftd>\u003Ctd>21H0926710\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>1.513.623,20\u003C\u002Ftd>\u003Ctd>0,11%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>20\u002F08\u002F2031\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Raízes Campo Belo 2S\u003C\u002Ftd>\u003Ctd>26I6874621\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>873.999,98\u003C\u002Ftd>\u003Ctd>0,06%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>4,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>30\u002F05\u002F2030\u003C\u002Ftd>\u003Ctd>2,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>GPA 296S\u003C\u002Ftd>\u003Ctd>20K0010253\u003C\u002Ftd>\u003Ctd>BTS\u003C\u002Ftd>\u003Ctd>663.830,29\u003C\u002Ftd>\u003Ctd>0,05%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>5,00%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>19\u002F10\u002F2035\u003C\u002Ftd>\u003Ctd>4,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Brookfield 2S\u003C\u002Ftd>\u003Ctd>22G0282296\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>57.495,51\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>1,70%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>19\u002F07\u002F2027\u003C\u002Ftd>\u003Ctd>0,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Selina 164S\u003C\u002Ftd>\u003Ctd>20L0522964\u003C\u002Ftd>\u003Ctd>Hotel\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,70%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>07\u002F02\u002F2042\u003C\u002Ftd>\u003Ctd>6,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Selina 128S\u003C\u002Ftd>\u003Ctd>19K1145398\u003C\u002Ftd>\u003Ctd>Hotel\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,68%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>20\u002F04\u002F2040\u003C\u002Ftd>\u003Ctd>5,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Selina 162S\u003C\u002Ftd>\u003Ctd>20L0522095\u003C\u002Ftd>\u003Ctd>Hotel\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,47%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>07\u002F03\u002F2041\u003C\u002Ftd>\u003Ctd>5,9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Selina 163S\u003C\u002Ftd>\u003Ctd>20L0522230\u003C\u002Ftd>\u003Ctd>Hotel\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>7,95%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>07\u002F03\u002F2041\u003C\u002Ftd>\u003Ctd>6,3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total – CRI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>355.949.035,48\u003C\u002Ftd>\u003Ctd>26,16%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Duration médio CRIs:\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Carteira de Ativos\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código Ativo\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Valor (R$)\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>Duration\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FIDC\u003C\u002Ftd>\u003Ctd>Valyos Subordinada\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>11.628.307,23\u003C\u002Ftd>\u003Ctd>0,85%\u003C\u002Ftd>\u003Ctd>Rentabilidade de 0,8% no\u003Cbr>mês setembro\u002F26\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FIDC\u003C\u002Ftd>\u003Ctd>KeyCash II Sênior\u003C\u002Ftd>\u003Ctd>4033221SN1\u003C\u002Ftd>\u003Ctd>Home Equity\u003C\u002Ftd>\u003Ctd>3.372.629,16\u003C\u002Ftd>\u003Ctd>0,25%\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total - FIDC\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>15.000.936,39\u003C\u002Ftd>\u003Ctd>1,10%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Tipo\u003C\u002Ftd>\u003Ctd>Ativo\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Código Ativo\u003C\u002Ftd>\u003Ctd>Segmento\u003C\u002Ftd>\u003Ctd>Valor (R$)\u003C\u002Ftd>\u003Ctd>D.Y. (a.a.) sobre valor\u003Cbr>mercado\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Estratégia\u003C\u002Ftd>\u003Ctd>% PL\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Aquisição de Unidades FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>96.501.424,68\u003C\u002Ftd>\u003Ctd>15,28%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd colspan=\"2\">7,09%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Valora CRI Pré Subordinada\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>67.290.282,62\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd colspan=\"2\">4,95%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>FII Valora FOF\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>FOF\u003C\u002Ftd>\u003Ctd>55.100.551,39\u003C\u002Ftd>\u003Ctd>13,50%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>4,05%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>BGR Cidade Jardim FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>BGRJ11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>54.000.000,00\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>3,97%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>FII Planta Retrofit\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>4704222FII\u003C\u002Ftd>\u003Ctd>Desenvolvimento\u003C\u002Ftd>\u003Ctd>48.090.519,24\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>3,53%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Valora Renda Imobiliária FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>VGRI11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>26.907.017,80\u003C\u002Ftd>\u003Ctd>20,38%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,98%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>JS Real Estate FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>JSRE11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>26.839.185,25\u003C\u002Ftd>\u003Ctd>9,21%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,97%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>BTG Pactual Corporate Office Fund\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>BRCR11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>26.535.350,60\u003C\u002Ftd>\u003Ctd>11,48%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,95%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Valora CRI Infra Fundo Imobiliário\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>4544222FII\u003C\u002Ftd>\u003Ctd>Infraestrutura\u003C\u002Ftd>\u003Ctd>24.887.457,48\u003C\u002Ftd>\u003Ctd>11,65%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,83%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Baltimore FII - Sênior\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>BALT SN\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>21.818.862,58\u003C\u002Ftd>\u003Ctd>12,18%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>1,60%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Aquisição de Unidades FII II\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>20.736.400,25\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>1,52%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>CSHG Real Estate FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>HGRE11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>19.990.425,00\u003C\u002Ftd>\u003Ctd>9,10%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,47%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>BTG Pactual Shoppings FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>BPML11\u003C\u002Ftd>\u003Ctd>Shoppings\u003C\u002Ftd>\u003Ctd>17.234.337,34\u003C\u002Ftd>\u003Ctd>13,19%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,27%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Patria Recebíveis Índice de Preços\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>PCIP11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>16.331.059,52\u003C\u002Ftd>\u003Ctd>12,28%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>1,20%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Edifícios Corporativos FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>16.137.193,95\u003C\u002Ftd>\u003Ctd>CDI + 2,0%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>1,19%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Mauá Capital Logística FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>MCLO11\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>15.607.163,16\u003C\u002Ftd>\u003Ctd>9,19%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,15%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>RBR Desenvolvimento Comercial I FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Desenvolvimento\u003C\u002Ftd>\u003Ctd>15.350.138,51\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,13%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>RBR Private Crédito Imobiliário FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>RBRY11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>15.010.135,00\u003C\u002Ftd>\u003Ctd>14,94%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>1,10%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Guardian Real Estate FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>GARE11\u003C\u002Ftd>\u003Ctd>Renda Urbana\u003C\u002Ftd>\u003Ctd>13.936.808,11\u003C\u002Ftd>\u003Ctd>12,83%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,02%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>RBR Prime Offices FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>RBRK11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>13.202.837,00\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,97%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Kinea Índices de Preços FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>KNIP11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>11.661.294,40\u003C\u002Ftd>\u003Ctd>9,31%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,86%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>FII Torre Rio Claro Offices\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>TRCO11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>11.475.000,00\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,84%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Pátria Securities FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>PSEC11\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>11.233.108,80\u003C\u002Ftd>\u003Ctd>13,92%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,83%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>REC Multiestrategia FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>9.589.757,06\u003C\u002Ftd>\u003Ctd>17,44%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,70%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>General Shopping Ativo e Renda FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>FIGS11\u003C\u002Ftd>\u003Ctd>Shoppings\u003C\u002Ftd>\u003Ctd>9.324.193,12\u003C\u002Ftd>\u003Ctd>12,38%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,69%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Cyrela Crédito FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>CYCR11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>7.510.713,21\u003C\u002Ftd>\u003Ctd>15,68%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,55%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>RBR Log FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>RBRL11\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>7.456.508,31\u003C\u002Ftd>\u003Ctd>10,77%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,55%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>TJK Renda Imobiliaria FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>TJKB11\u003C\u002Ftd>\u003Ctd>Renda Urbana\u003C\u002Ftd>\u003Ctd>7.163.532,20\u003C\u002Ftd>\u003Ctd>12,47%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,53%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Valora CRI Índice de Preço FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>VGIP11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>7.027.263,56\u003C\u002Ftd>\u003Ctd>12,27%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,52%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Baltimore FII - Subordinada\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>6.964.815,41\u003C\u002Ftd>\u003Ctd>15,28%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,51%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>BGR Galpões Logísticos I Master FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>6.651.419,01\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,49%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>VBI Prime Properties FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>PVBI11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>6.328.975,50\u003C\u002Ftd>\u003Ctd>7,51%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,47%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>www.valorainvest.com.br +55 11 3016.0900\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch4>Carteira de Ativos\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código Ativo\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Valor (R$)\u003C\u002Fth>\u003Cth>D.Y. (a.a.) sobre valor\u003Cbr>mercado\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>FII Daycoval Real Estate\u003C\u002Ftd>\u003Ctd>DAYM11\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>5.883.832,80\u003C\u002Ftd>\u003Ctd>11,65%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,43%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Vinci Fulwood Desenvolv. Logístico\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Desenvolvimento\u003C\u002Ftd>\u003Ctd>5.514.077,42\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,41%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Torre Almirante FII\u003C\u002Ftd>\u003Ctd>ALMI11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>4.842.700,00\u003C\u002Ftd>\u003Ctd>6,38%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,36%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>RBR Premium Recebíveis Imobiliários FII\u003C\u002Ftd>\u003Ctd>RPRI11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>4.683.744,00\u003C\u002Ftd>\u003Ctd>13,44%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,34%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Fator Verita Multiestrategia FII\u003C\u002Ftd>\u003Ctd>VRTM11\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>4.278.294,73\u003C\u002Ftd>\u003Ctd>17,19%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,31%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>REC Recebíveis Imobiliários FII\u003C\u002Ftd>\u003Ctd>RECR11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>4.243.972,35\u003C\u002Ftd>\u003Ctd>11,97%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,31%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>TG Ativo Real FII\u003C\u002Ftd>\u003Ctd>TGAR11\u003C\u002Ftd>\u003Ctd>Desenvolvimento\u003C\u002Ftd>\u003Ctd>3.762.045,60\u003C\u002Ftd>\u003Ctd>13,48%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,28%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>TRX Hedge Fund\u003C\u002Ftd>\u003Ctd>TRXY11\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>3.750.600,00\u003C\u002Ftd>\u003Ctd>17,19%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,28%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>EQI Recebíveis Imobiliários FII\u003C\u002Ftd>\u003Ctd>EQIR11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>3.573.564,76\u003C\u002Ftd>\u003Ctd>15,43%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,26%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Navi Residencial FII\u003C\u002Ftd>\u003Ctd>APTO11\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>3.543.691,84\u003C\u002Ftd>\u003Ctd>12,66%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,26%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>FII REC Fundo de CRI Cotas Amortizáveis\u003C\u002Ftd>\u003Ctd>RECD11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>3.495.919,00\u003C\u002Ftd>\u003Ctd>13,01%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,26%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>RBR Desenvolvimento IV FII\u003C\u002Ftd>\u003Ctd>RDIV11\u003C\u002Ftd>\u003Ctd>Desenvolvimento\u003C\u002Ftd>\u003Ctd>3.223.280,00\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,24%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Iridium Fundo de Investimento Imobiliário\u003C\u002Ftd>\u003Ctd>IRIM11\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>2.881.862,81\u003C\u002Ftd>\u003Ctd>16,89%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,21%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Tellus Properties FII\u003C\u002Ftd>\u003Ctd>TEPP11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>2.636.405,20\u003C\u002Ftd>\u003Ctd>11,79%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,19%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Rec Renda Imobiliária FII\u003C\u002Ftd>\u003Ctd>RECT11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>2.494.364,32\u003C\u002Ftd>\u003Ctd>15,39%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,18%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Athena I FII\u003C\u002Ftd>\u003Ctd>FATN11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>2.460.948,00\u003C\u002Ftd>\u003Ctd>12,10%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,18%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Kinea Oportunidades Real Estate FII\u003C\u002Ftd>\u003Ctd>KORE11\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>2.399.050,01\u003C\u002Ftd>\u003Ctd>10,77%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,18%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>TRX Real Estate FII\u003C\u002Ftd>\u003Ctd>TRXF11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>2.346.384,36\u003C\u002Ftd>\u003Ctd>13,51%\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,17%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Vectis Juros Real FII\u003C\u002Ftd>\u003Ctd>VCJR11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>2.263.629,00\u003C\u002Ftd>\u003Ctd>11,63%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,17%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Capitania Securities II\u003C\u002Ftd>\u003Ctd>CPTS11\u003C\u002Ftd>\u003Ctd>Hedge Fund\u003C\u002Ftd>\u003Ctd>1.952.890,44\u003C\u002Ftd>\u003Ctd>14,95%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,14%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>HSI Ativos Financeiros FII\u003C\u002Ftd>\u003Ctd>HSAF11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>1.814.582,00\u003C\u002Ftd>\u003Ctd>15,80%\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,13%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>RBR Tesouraria CDI\u003C\u002Ftd>\u003Ctd>TPOS11\u003C\u002Ftd>\u003Ctd>Recebíveis\u003C\u002Ftd>\u003Ctd>1.425.000,00\u003C\u002Ftd>\u003Ctd>na\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>0,10%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>FII (Outros)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>4.356.906,65\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,32%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Total - FII\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>791.721.475,35\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>58,18%\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código Ativo\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Valor (R$)\u003C\u002Fth>\u003Cth>D.Y. (a.a.) sobre valor\u003Cbr>mercado\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>You Inc\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>9.999.995,72\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,73%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>São Carlos\u003C\u002Ftd>\u003Ctd>SCAR3\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>146.556,00\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,01%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>Syn Prop & Tech\u003C\u002Ftd>\u003Ctd>SYNE3\u003C\u002Ftd>\u003Ctd>Escritório\u003C\u002Ftd>\u003Ctd>70.590,00\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,01%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>Allos\u003C\u002Ftd>\u003Ctd>ALOS3\u003C\u002Ftd>\u003Ctd>Shoppings\u003C\u002Ftd>\u003Ctd>10.911,30\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>Multiplan\u003C\u002Ftd>\u003Ctd>MULT3\u003C\u002Ftd>\u003Ctd>Shoppings\u003C\u002Ftd>\u003Ctd>3.616,08\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ação\u003C\u002Ftd>\u003Ctd>Iguatemi\u003C\u002Ftd>\u003Ctd>IGTI11\u003C\u002Ftd>\u003Ctd>Shoppings\u003C\u002Ftd>\u003Ctd>2.702,00\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total - Ações\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>10.234.371,10\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,75%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>www.valorainvest.com.br +55 11 3016.0900\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch4>Carteira de Ativos\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código Ativo\u003Cbr>Segmento\u003C\u002Fth>\u003Cth>Valor (R$)\u003C\u002Fth>\u003Cth>D.Y. (a.a.) sobre valor\u003Cbr>mercado\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>% PL\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>BM Varejo S.A\u003C\u002Ftd>\u003Ctd>Shoppings\u003C\u002Ftd>\u003Ctd>51.813.000,00\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>3,81%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>VLR 01\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>50.064.082,03\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>3,68%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>Oscar Freire\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>42.376.730,36\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>3,11%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>MNF\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>16.163.239,20\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>1,19%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>Gamaro Maracatins\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>12.240.140,83\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>CV 408\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>11.472.050,42\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,84%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>Guaicurus\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>11.356.800,17\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,83%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>Retail Cidade Matarazzo\u003C\u002Ftd>\u003Ctd>Shoppings\u003C\u002Ftd>\u003Ctd>9.089.971,15\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,67%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>SF 506\u003C\u002Ftd>\u003Ctd>Logística\u003C\u002Ftd>\u003Ctd>8.274.126,13\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,61%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>Itatupã\u003C\u002Ftd>\u003Ctd>Residencial\u003C\u002Ftd>\u003Ctd>2.811.593,08\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>0,21%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total - Cotas SPE\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>215.661.733,37\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>15,85%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total de Ativos-Alvo\u003C\u002Ftd>\u003Ctd>1.388.567.551,69\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>102,05%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Caixa Bruto\u003C\u002Ftd>\u003Ctd>3.232.648,46\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,24%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Rendimentos a Distribuir + Provisões¹\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(31.099.621,95)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Caixa Líquido\u003C\u002Ftd>\u003Ctd>(27.866.973,49)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(2,05%)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Patrimônio Líquido\u003C\u002Ftd>\u003Ctd>1.360.700.578,20\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>100,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>Taxa de juros – média ponderada por indexador vs. rating internacional (% PL da Carteira de CRI)\u003C\u002Fh4>\u003Ch5>\u003Cb> Rentabilidade Bruta da Carteira vs. Rating Análise de Sensibilidade \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Taxa Média de\u003Cbr>Aquisição\u003Cbr>(a.a.)¹\u003C\u002Fth>\u003Cth>Cupom Médio\u003Cbr>Ponderado\u003Cbr>(a.a.)\u003C\u002Fth>\u003Cth>Taxa Média\u003Cbr>Ponderada de\u003Cbr>MTM (a.a.)\u003C\u002Fth>\u003Cth>% da Carteira\u003C\u002Fth>\u003Cth>Deságio cota\u003Cbr>patrimonial\u003C\u002Fth>\u003Cth>Cota Mercado\u003C\u002Fth>\u003Cth>Yield Bruto IPCA +\u003C\u002Fth>\u003Cth>Yield Bruto CDI +\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IPCA +\u003C\u002Ftd>\u003Ctd>8,88%\u003C\u002Ftd>\u003Ctd>8,14%\u003C\u002Ftd>\u003Ctd>9,15%\u003C\u002Ftd>\u003Ctd>39,59%\u003C\u002Ftd>\u003Ctd>(39,47%)\u003C\u002Ftd>\u003Ctd>5,00\u003C\u002Ftd>\u003Ctd>15,12%\u003C\u002Ftd>\u003Ctd>6,91%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rating Intl.\u003C\u002Ftd>\u003Ctd>4,91%\u003C\u002Ftd>\u003Ctd>4,87%\u003C\u002Ftd>\u003Ctd>6,37%\u003C\u002Ftd>\u003Ctd>3,87%\u003C\u002Ftd>\u003Ctd>(33,42%)\u003C\u002Ftd>\u003Ctd>5,50\u003C\u002Ftd>\u003Ctd>13,75%\u003C\u002Ftd>\u003Ctd>6,28%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"2\">Sem Rating\u003C\u002Ftd>\u003Ctd>9,31%\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>9,45%\u003C\u002Ftd>\u003Ctd>35,72%\u003C\u002Ftd>\u003Ctd>(27,37%)\u003C\u002Ftd>\u003Ctd>6,00\u003C\u002Ftd>\u003Ctd>12,60%\u003C\u002Ftd>\u003Ctd>5,76%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(21,31%)\u003C\u002Ftd>\u003Ctd>6,50\u003C\u002Ftd>\u003Ctd>11,63%\u003C\u002Ftd>\u003Ctd>5,31%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CDI +\u003C\u002Ftd>\u003Ctd>4,37%\u003C\u002Ftd>\u003Ctd>4,03%\u003C\u002Ftd>\u003Ctd>4,18%\u003C\u002Ftd>\u003Ctd>60,41%\u003C\u002Ftd>\u003Ctd>(15,26%)\u003C\u002Ftd>\u003Ctd>7,00\u003C\u002Ftd>\u003Ctd>10,80%\u003C\u002Ftd>\u003Ctd>4,93%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rating Intl.\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>(9,21%)\u003C\u002Ftd>\u003Ctd>7,50\u003C\u002Ftd>\u003Ctd>10,08%\u003C\u002Ftd>\u003Ctd>4,60%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"2\">Sem Rating\u003C\u002Ftd>\u003Ctd>4,37%\u003C\u002Ftd>\u003Ctd>4,03%\u003C\u002Ftd>\u003Ctd>4,18%\u003C\u002Ftd>\u003Ctd>60,41%\u003C\u002Ftd>\u003Ctd>(3,15%)\u003C\u002Ftd>\u003Ctd>8,00\u003C\u002Ftd>\u003Ctd>9,45%\u003C\u002Ftd>\u003Ctd>4,32%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0,00%\u003C\u002Ftd>\u003Ctd>8,26\u003C\u002Ftd>\u003Ctd>9,15%\u003C\u002Ftd>\u003Ctd>4,18%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Csup> (1) \u003C\u002Fsup> A taxa de juros total dos CRI no momento de aquisição, inclui além do cupom da operação, eventuais (i) ágio ou deságio na aquisição, (ii) prêmios adicionais e\u002Fou (iii) prêmios mensais para garantia de remuneração mínima, sendo ponderada pelo saldo dos CRI na data de fechamento. A taxa de juros não inclui eventuais multas, juros de mora ou quaisquer outras remunerações adicionais provenientes de alterações nas condições inicialmente pactuadas nos CRI.\u003C\u002Fp>\u003Cp>\u003Csup> (2) \u003C\u002Fsup> Cota patrimonial do fundo no fechamento de setembro\u002F2026.\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO\u003C\u002Fp>\u003Cp>cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios\u003C\u002Fp>\u003Cp>Setembro 2026\u003C\u002Fp>\u003Ch4>Distribuição de Resultados\u003C\u002Fh4>\u003Cp>O Fundo distribuiu R$0,06 por cota como rendimento referente ao mês de setembro de 2026. O pagamento ocorreu no dia 7 de outubro de 2026.\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>jul\u002F26\u003C\u002Fth>\u003Cth>ago\u002F26\u003C\u002Fth>\u003Cth>set\u002F26\u003C\u002Fth>\u003Cth>2026\u003C\u002Fth>\u003Cth>últimos 12 meses\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Receitas (ex-MTM)\u003C\u002Fth>\u003Cth>10.211.628,41\u003C\u002Fth>\u003Cth>10.662.711,38\u003C\u002Fth>\u003Cth>10.962.440,69\u003C\u002Fth>\u003Cth>109.937.024,88\u003C\u002Fth>\u003Cth>150.178.584,11\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Proventos + Juros + Correção Monetária\u003C\u002Ftd>\u003Ctd>10.082.498,34\u003C\u002Ftd>\u003Ctd>11.579.548,60\u003C\u002Ftd>\u003Ctd>11.285.241,52\u003C\u002Ftd>\u003Ctd>98.589.867,27\u003C\u002Ftd>\u003Ctd>135.404.126,43\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>3.893.552,06\u003C\u002Ftd>\u003Ctd>4.616.814,09\u003C\u002Ftd>\u003Ctd>4.688.603,05\u003C\u002Ftd>\u003Ctd>41.065.998,07\u003C\u002Ftd>\u003Ctd>55.866.125,81\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FIDCs - (após IR)\u003C\u002Ftd>\u003Ctd>(5.700,80)\u003C\u002Ftd>\u003Ctd>117.287,17\u003C\u002Ftd>\u003Ctd>104.132,60\u003C\u002Ftd>\u003Ctd>209.618,88\u003C\u002Ftd>\u003Ctd>93.485,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>5.586.772,65\u003C\u002Ftd>\u003Ctd>6.665.550,22\u003C\u002Ftd>\u003Ctd>6.305.850,85\u003C\u002Ftd>\u003Ctd>52.691.994,78\u003C\u002Ftd>\u003Ctd>71.494.190,94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ações\u003C\u002Ftd>\u003Ctd>124,88\u003C\u002Ftd>\u003Ctd>108,01\u003C\u002Ftd>\u003Ctd>2.803,91\u003C\u002Ftd>\u003Ctd>124.142,61\u003C\u002Ftd>\u003Ctd>359.033,20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>607.749,55\u003C\u002Ftd>\u003Ctd>179.789,10\u003C\u002Ftd>\u003Ctd>183.851,11\u003C\u002Ftd>\u003Ctd>4.498.112,93\u003C\u002Ftd>\u003Ctd>7.591.290,75\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Negociações\u003C\u002Ftd>\u003Ctd>1.360,27\u003C\u002Ftd>\u003Ctd>(993.822,54)\u003C\u002Ftd>\u003Ctd>(402.230,51)\u003C\u002Ftd>\u003Ctd>10.018.859,32\u003C\u002Ftd>\u003Ctd>12.934.079,28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>518.669,08\u003C\u002Ftd>\u003Ctd>(401.474,58)\u003C\u002Ftd>\u003Ctd>190.117,45\u003C\u002Ftd>\u003Ctd>(800.742,71)\u003C\u002Ftd>\u003Ctd>(1.082.994,44)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FIDCs\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII - (após IR)\u003C\u002Ftd>\u003Ctd>(1.702.004,72)\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>10.409.413,76\u003C\u002Ftd>\u003Ctd>10.409.413,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ações - (após IR)\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>410.188,26\u003C\u002Ftd>\u003Ctd>3.607.659,96\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>1.184.695,92\u003C\u002Ftd>\u003Ctd>(592.347,96)\u003C\u002Ftd>\u003Ctd>(592.347,96)\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ativos de Liquidez\u003C\u002Ftd>\u003Ctd>127.769,80\u003C\u002Ftd>\u003Ctd>76.985,32\u003C\u002Ftd>\u003Ctd>79.429,68\u003C\u002Ftd>\u003Ctd>1.328.298,29\u003C\u002Ftd>\u003Ctd>1.840.378,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas\u003C\u002Ftd>\u003Ctd>(1.024.405,37)\u003C\u002Ftd>\u003Ctd>(1.195.877,81)\u003C\u002Ftd>\u003Ctd>(1.150.421,64)\u003C\u002Ftd>\u003Ctd>(12.774.332,13)\u003C\u002Ftd>\u003Ctd>(18.015.078,02)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Passível de Distribuição\u003C\u002Ftd>\u003Ctd>9.187.223,04\u003C\u002Ftd>\u003Ctd>9.466.833,57\u003C\u002Ftd>\u003Ctd>9.812.019,05\u003C\u002Ftd>\u003Ctd>97.162.692,75\u003C\u002Ftd>\u003Ctd>132.163.506,09\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição Total\u003C\u002Ftd>\u003Ctd>9.883.300,98\u003C\u002Ftd>\u003Ctd>9.883.300,98\u003C\u002Ftd>\u003Ctd>9.883.300,98\u003C\u002Ftd>\u003Ctd>98.833.009,80\u003C\u002Ftd>\u003Ctd>133.424.563,23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição\u002FCota\u003C\u002Ftd>\u003Ctd>R$0,06\u003C\u002Ftd>\u003Ctd>R$0,06\u003C\u002Ftd>\u003Ctd>R$0,06\u003C\u002Ftd>\u003Ctd>R$0,60\u003C\u002Ftd>\u003Ctd>R$0,81\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dias Úteis no Período\u003C\u002Ftd>\u003Ctd>23\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>21\u003C\u002Ftd>\u003Ctd>187\u003C\u002Ftd>\u003Ctd>251\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dividend Yield (anualizado) - Nominal\u003C\u002Ftd>\u003Ctd>8,29%\u003C\u002Ftd>\u003Ctd>9,17%\u003C\u002Ftd>\u003Ctd>9,21%\u003C\u002Ftd>\u003Ctd>9,96%\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dividend Yield (anualizado) - Cota Patrimonial\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa equivalente acima do IPCA1\u003C\u002Ftd>\u003Ctd>IPCA + 1,64%\u003C\u002Ftd>\u003Ctd>IPCA + 7,10%\u003C\u002Ftd>\u003Ctd>IPCA + 8,30%\u003C\u002Ftd>\u003Ctd>IPCA + 4,35%\u003C\u002Ftd>\u003Ctd>IPCA + 5,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa equivalente acima do Benchmark2\u003C\u002Ftd>\u003Ctd>Benchmark – 6,39%\u003C\u002Ftd>\u003Ctd>Benchmark – 1,37%\u003C\u002Ftd>\u003Ctd>Benchmark – 0,26%\u003C\u002Ftd>\u003Ctd>Benchmark - 3,96%\u003C\u002Ftd>\u003Ctd>Benchmark – 2,88%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Acumulado a Distribuir\u003C\u002Ftd>\u003Ctd>828.675,03\u003C\u002Ftd>\u003Ctd>412.207,62\u003C\u002Ftd>\u003Ctd>340.925,69\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Acumulado a Distribuir por Cota\u003C\u002Ftd>\u003Ctd>R$0,01\u003C\u002Ftd>\u003Ctd>R$0,00\u003C\u002Ftd>\u003Ctd>R$0,00\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ajuste de Marcação a Mercado (MTM)\u003C\u002Ftd>\u003Ctd>(6.933.778,76)\u003C\u002Ftd>\u003Ctd>(5.532.726,72)\u003C\u002Ftd>\u003Ctd>19.820.252,47\u003C\u002Ftd>\u003Ctd>(67.111.435,51)\u003C\u002Ftd>\u003Ctd>(50.043.277,12)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Contábil\u003C\u002Ftd>\u003Ctd>2.253.444,28\u003C\u002Ftd>\u003Ctd>3.934.106,85\u003C\u002Ftd>\u003Ctd>29.632.271,52\u003C\u002Ftd>\u003Ctd>30.051.257,24\u003C\u002Ftd>\u003Ctd>82.120.228,97\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Csup> (1) \u003C\u002Fsup> Utilizada como referência a variação do IPCA com dois meses de defasagem, ou seja, para set\u002F2026 utiliza-se a variação do IPCA de jul\u002F2026.\u003C\u002Fp>\u003Cp>\u003Ci> \u003Csup> (2) \u003C\u002Fsup> Benchmark \u003C\u002Fi> utilizado como base de cálculo para a Taxa de Performance (atualmente IPCA + 8,58% ao ano – \u003Ci> yield \u003C\u002Fi> médio do IMAB5 do 1º semestre de 2026 é maior que 5% ao ano)\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_6_Figure_5.jpeg\">\u003C\u002Fp>\u003Ch3>Alocação por Estratégia (% PL de Ativos-Alvo) Alocação por ativo alvo (%PL de Ativos-Alvo)\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_6_Figure_7.jpeg\">\u003C\u002Fp>\u003Ch3>Alocação por Indexador dos CRIs (% de PL de CRIs)\u003C\u002Fh3>\u003Ch3>Alocação por Segmento CRI (% de PL de CRIs)\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_6_Figure_10.jpeg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_6_Figure_11.jpeg\">\u003C\u002Fp>\u003Cp>Os CRIs indexados ao IPCA possuem três formas distintas na adoção do IPCA:\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cul>\u003Cli>IPCA Apenas Positivo: considera apenas a variação positiva do IPCA, portanto quando o IPCA é negativo, adota-se o valor de zero para o índice\u003C\u002Fli>\u003Cli>IPCA Variação Positiva com Compensação: caso o IPCA seja negativo, adota-se zero, porém é compensado com índices positivos nos meses subsequentes\u003C\u002Fli>\u003Cli>IPCA: segue a variação do índice, independentemente de ser positivo ou negativo\u003C\u002Fli>\u003C\u002Ful>\u003Ch3>Alocação por Segmento FII Carteira Valor (% de PL de FIIs Valor)\u003C\u002Fh3>\u003Ch2>Alocação por Segmento FII Carteira Renda\u003C\u002Fh2>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_6_Figure_18.jpeg\">\u003C\u002Fp>\u003Ch4>RELATÓRIO DE GESTÃO\u003C\u002Fh4>\u003Cp>cadastre-se em https:\u002F\u002Fvalorainvest.com.br\u002Fcontato para receber os relatórios\u003C\u002Fp>\u003Cp>Setembro 2026\u003C\u002Fp>\u003Ch4>Alocação por Estratégia e Ativos-Alvo (% PL de Ativos-Alvo)\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_7_Figure_7.jpeg\">\u003C\u002Fp>\u003Ch4>Evolução do Patrimônio Líquido e Distribuição de Rendimentos\u003C\u002Fh4>\u003Cp>Os valores estão arredondados na segunda casa decimal. RT = Retorno total (lucro contábil do Fundo)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_7_Figure_10.jpeg\">\u003C\u002Fp>\u003Ch4>Rentabilidade Total das Cotas\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Quantidade de\u003Cbr>Cotas\u003C\u002Fth>\u003Cth>Patrimônio\u003Cbr>Líquido (R$)\u003C\u002Fth>\u003Cth>Dividendos Totais\u003Cbr>Distribuídos (R$)\u003C\u002Fth>\u003Cth>Dividendos\u003Cbr>(% ao mês)\u003C\u002Fth>\u003Cth>Ganho\u003Cbr>Patrimonial\u003Cbr>(% ao mês)\u003C\u002Fth>\u003Cth>Retorno Total\u003Cbr>no mês\u003C\u002Fth>\u003Cth>Retorno Total\u003Cbr>Acum. (% ao ano)\u003C\u002Fth>\u003Cth>Retorno Total\u003Cbr>Acum. (IPCA + a.a.)\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.406.419.078\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,82%\u003C\u002Ftd>\u003Ctd>(0,40%)\u003C\u002Ftd>\u003Ctd>0,42%\u003C\u002Ftd>\u003Ctd>12,23%\u003C\u002Ftd>\u003Ctd>5,81%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.410.566.140\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,82%\u003C\u002Ftd>\u003Ctd>0,29%\u003C\u002Ftd>\u003Ctd>1,11%\u003C\u002Ftd>\u003Ctd>12,29%\u003C\u002Ftd>\u003Ctd>5,85%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.429.482.331\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,82%\u003C\u002Ftd>\u003Ctd>1,34%\u003C\u002Ftd>\u003Ctd>2,16%\u003C\u002Ftd>\u003Ctd>12,55%\u003C\u002Ftd>\u003Ctd>6,19%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.441.567.028\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,81%\u003C\u002Ftd>\u003Ctd>0,85%\u003C\u002Ftd>\u003Ctd>1,65%\u003C\u002Ftd>\u003Ctd>12,70%\u003C\u002Ftd>\u003Ctd>6,40%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.437.698.271\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,80%\u003C\u002Ftd>\u003Ctd>(0,27%)\u003C\u002Ftd>\u003Ctd>0,53%\u003C\u002Ftd>\u003Ctd>12,63%\u003C\u002Ftd>\u003Ctd>6,35%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.424.582.534\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,80%\u003C\u002Ftd>\u003Ctd>(0,91%)\u003C\u002Ftd>\u003Ctd>(0,11%)\u003C\u002Ftd>\u003Ctd>12,37%\u003C\u002Ftd>\u003Ctd>6,14%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.404.756.323\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,81%\u003C\u002Ftd>\u003Ctd>(1,39%)\u003C\u002Ftd>\u003Ctd>(0,58%)\u003C\u002Ftd>\u003Ctd>12,04%\u003C\u002Ftd>\u003Ctd>5,78%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.379.137.939\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,82%\u003C\u002Ftd>\u003Ctd>(1,82%)\u003C\u002Ftd>\u003Ctd>(1,00%)\u003C\u002Ftd>\u003Ctd>11,64%\u003C\u002Ftd>\u003Ctd>5,31%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.354.530.658\u003C\u002Ftd>\u003Ctd>11.530.518\u003C\u002Ftd>\u003Ctd>0,84%\u003C\u002Ftd>\u003Ctd>(1,78%)\u003C\u002Ftd>\u003Ctd>(0,95%)\u003C\u002Ftd>\u003Ctd>11,24%\u003C\u002Ftd>\u003Ctd>4,91%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.346.900.802\u003C\u002Ftd>\u003Ctd>9.883.301\u003C\u002Ftd>\u003Ctd>0,73%\u003C\u002Ftd>\u003Ctd>(0,56%)\u003C\u002Ftd>\u003Ctd>0,17%\u003C\u002Ftd>\u003Ctd>11,08%\u003C\u002Ftd>\u003Ctd>4,74%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.340.951.608\u003C\u002Ftd>\u003Ctd>9.883.301\u003C\u002Ftd>\u003Ctd>0,73%\u003C\u002Ftd>\u003Ctd>(0,44%)\u003C\u002Ftd>\u003Ctd>0,29%\u003C\u002Ftd>\u003Ctd>10,96%\u003C\u002Ftd>\u003Ctd>4,69%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>164.721.683\u003C\u002Ftd>\u003Ctd>1.360.700.578\u003C\u002Ftd>\u003Ctd>9.883.301\u003C\u002Ftd>\u003Ctd>0,74%\u003C\u002Ftd>\u003Ctd>1,47%\u003C\u002Ftd>\u003Ctd>2,21%\u003C\u002Ftd>\u003Ctd>11,22%\u003C\u002Ftd>\u003Ctd>5,02%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Cotas 164.721.683 164.721.683 164.721.683 164.721.683 164.721.683 164.721.683 164.721.683 164.721.683 164.721.683 164.721.683 164.721.683\u003C\u002Ftd>\u003Ctd>Cotas Líquido (R$) 164.721.683 1.406.419.078 164.721.683 1.410.566.140 164.721.683 1.429.482.331 164.721.683 1.441.567.028 164.721.683 1.437.698.271 164.721.683 1.424.582.534 164.721.683 1.379.137.939 164.721.683 1.354.530.658 164.721.683 1.346.900.802 164.721.683 1.340.951.608\u003C\u002Ftd>\u003Ctd>Cotas Líquido (R$) Distribuídos (R$) 164.721.683 1.406.419.078 11.530.518 164.721.683 1.410.566.140 11.530.518 164.721.683 1.429.482.331 11.530.518 164.721.683 1.441.567.028 11.530.518 164.721.683 1.437.698.271 11.530.518 164.721.683 1.424.582.534 11.530.518 164.721.683 1.379.137.939 11.530.518 164.721.683 1.379.137.939 11.530.518 164.721.683 1.354.530.658 11.530.518 164.721.683 1.346.900.802 9.883.301 164.721.683 1.340.951.608 9.883.301\u003C\u002Ftd>\u003Ctd>Cotas Líquido (R$) Distribuídos (R$) (% ao mês) 164.721.683 1.406.419.078 11.530.518 0,82% 164.721.683 1.410.566.140 11.530.518 0,82% 164.721.683 1.429.482.331 11.530.518 0,82% 164.721.683 1.441.567.028 11.530.518 0,81% 164.721.683 1.437.698.271 11.530.518 0,80% 164.721.683 1.424.582.534 11.530.518 0,80% 164.721.683 1.404.756.323 11.530.518 0,81% 164.721.683 1.379.137.939 11.530.518 0,82% 164.721.683 1.354.530.658 11.530.518 0,84% 164.721.683 1.346.900.802 9.883.301 0,73% 164.721.683 1.340.951.608 9.883.301 0,73%\u003C\u002Ftd>\u003Ctd>Quantidade de Cotas Patrimonio Líquido (R$) Dividendos Iotais Distribuídos (R$) Dividendos (% ao mês) Patrimonial (% ao mês) 164.721.683 1.406.419.078 11.530.518 0,82% (0,40%) 164.721.683 1.410.566.140 11.530.518 0,82% 0,29% 164.721.683 1.429.482.331 11.530.518 0,82% 1,34% 164.721.683 1.441.567.028 11.530.518 0,81% 0,85% 164.721.683 1.437.698.271 11.530.518 0,80% (0,27%) 164.721.683 1.424.582.534 11.530.518 0,80% (0,91%) 164.721.683 1.379.137.939 11.530.518 0,81% (1,39%) 164.721.683 1.354.530.658 11.530.518 0,82% (1,82%) 164.721.683 1.354.530.658 11.530.518 0,84% (1,78%) 164.721.683 1.346.900.802 9.883.301 0,73% (0,56%) 164.721.683 1.340.951.608 9.883.301 0,73% (0,44%)\u003C\u002Ftd>\u003Ctd>Quantidade de Cotas Líquido (R$) Dividendos lotais Distribuídos (R$) Dividendos (% ao mês) Patrimonial (% ao mês) Reforno lotal no mês 164.721.683 1.406.419.078 11.530.518 0,82% (0,40%) 0,42% 164.721.683 1.410.566.140 11.530.518 0,82% 0,29% 1,11% 164.721.683 1.429.482.331 11.530.518 0,82% 1,34% 2,16% 164.721.683 1.441.567.028 11.530.518 0,81% 0,85% 1,65% 164.721.683 1.437.698.271 11.530.518 0,80% (0,27%) 0,53% 164.721.683 1.424.582.534 11.530.518 0,80% (0,91%) (0,11%) 164.721.683 1.379.137.939 11.530.518 0,81% (1,39%) (0,58%) 164.721.683 1.354.530.658 11.530.518 0,82% (1,82%) (1,00%) 164.721.683 1.346.900.802 9.883.301 0,73% (0,56%) 0,17% 164.721.683 1.340.951.608 9.883.301 0,73% (0,44%) 0,29%\u003C\u002Ftd>\u003Ctd>Quantidade de Cotas Património Líquido (R$) Dividendos Distribuídos (R$) Dividendos (% ao mês) Patrimonial (% ao mês) Retorno l'otal no mês Retorno l'otal no mês Acum. (% ao ano) 164.721.683 1.406.419.078 11.530.518 0,82% (0,40%) 0,42% 12,23% 164.721.683 1.410.566.140 11.530.518 0,82% 0,29% 1,11% 12,29% 164.721.683 1.429.482.331 11.530.518 0,82% 1,34% 2,16% 12,55% 164.721.683 1.441.567.028 11.530.518 0,81% 0,85% 1,65% 12,70% 164.721.683 1.437.698.271 11.530.518 0,80% (0,27%) 0,53% 12,63% 164.721.683 1.424.582.534 11.530.518 0,80% (0,91%) (0,11%) 12,37% 164.721.683 1.379.137.939 11.530.518 0,81% (1,39%) (0,58%) 12,04% 164.721.683 1.354.530.658 11.530.518 0,82% (1,82%) (1,00%) 11,64% 164.721.683 1.346.900.802 9.883.301\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch4>Movimentações de Set\u002F26\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo\u003C\u002Fth>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Código Ativo\u003C\u002Fth>\u003Cth>Estratégia\u003C\u002Fth>\u003Cth>Compra (R$)\u003C\u002Fth>\u003Cth>Venda (R$)\u003C\u002Fth>\u003Cth>Movimentação Líquida (R$)\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 22E\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>22L1013767\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>5.512.558,94\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>5.512.558,94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 79E 1S\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>24L2814870\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>5.955.219,17\u003C\u002Ftd>\u003Ctd>884.781,44\u003C\u002Ftd>\u003Ctd>5.070.437,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Helbor 40E\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>23K1511855\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>5.024.904,23\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>5.024.904,23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>João Dias\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>26C4342294\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>2.501.613,11\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>2.501.613,11\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Raízes Campo Belo 2S\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>26I6874621\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>874.000,00\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>874.000,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 155E 3S\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>26E4686236\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>1.735.839,39\u003C\u002Ftd>\u003Ctd>(1.735.839,39)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 160E 3S\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>26E4706040\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>1.735.839,39\u003C\u002Ftd>\u003Ctd>(1.735.839,39)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 155E 1S\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>26E4672203\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>4.764.819,36\u003C\u002Ftd>\u003Ctd>(4.764.819,36)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Barra da Tijuca 160E 1S\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>26E4704009\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>4.764.819,36\u003C\u002Ftd>\u003Ctd>(4.764.819,36)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>Scala Datacenter 2S\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>25G0686794\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>27.506.369,19\u003C\u002Ftd>\u003Ctd>(27.506.369,19)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Total - CRI\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>19.868.295,45\u003C\u002Fth>\u003Cth>41.392.468,13\u003C\u002Fth>\u003Cth>(21.524.172,68)\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Aquisição de Unidades FII II\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>17.899.752,73\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>17.899.752,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Valora CRI Pré Subordinada\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>Renda\u003C\u002Ftd>\u003Ctd>2.573.347,28\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>2.573.347,28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Outros FIIs\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>504.562,33\u003C\u002Ftd>\u003Ctd>(504.562,33)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total - FII\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>20.473.100,01\u003C\u002Ftd>\u003Ctd>504.562,33\u003C\u002Ftd>\u003Ctd>19.968.537,68\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>MNF\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>603.750,00\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>603.750,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>MNF\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>225.000,00\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>225.000,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SPE\u003C\u002Ftd>\u003Ctd>SF 506\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor\u003C\u002Ftd>\u003Ctd>150.000,00\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>150.000,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total - SPE\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>978.750,00\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>978.750,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>TOTAL GERAL\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>41.320.145,46\u003C\u002Ftd>\u003Ctd>41.897.030,46\u003C\u002Ftd>\u003Ctd>(576.885,00)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total - Renda\u003C\u002Ftd>\u003Ctd>40.341.395,46\u003C\u002Ftd>\u003Ctd>41.392.468,13\u003C\u002Ftd>\u003Ctd>(1.051.072,67)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Total - Valor\u003C\u002Ftd>\u003Ctd>978.750,00\u003C\u002Ftd>\u003Ctd>504.562,33\u003C\u002Ftd>\u003Ctd>474.187,67\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_9_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_9_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Athon Energia \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 6,50%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 15\u002F08\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação lastreada em contratos de locação com \u003Csup> a \u003C\u002Fsup> Águas do Brasil \u003Csup> e \u003C\u002Fsup> Extrafarma para financiamento de duas usinas de geração de energia solar, localizadas em Marabá\u002FPA e Campos dos Goytacazes\u002FRJ. A operação possui como garantia (i) Alienação fiduciária de equipamentos; (ii) Cessão fiduciária dos contratos atípicos; (iii) Alienação fiduciária das cotas das SPEs; (iv) Fiança da Athon Participações S.A.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_9_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Braspark \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 8,0%\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 20\u002F08\u002F2031\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação para o financiamento de dois galpões industriais em Garuva (SC) que serão utilizados como terminais retroportuários. Os galpões estão estrategicamente localizados próximos ao Porto de Itapoá, um dos principais portos do país. A operação possui como garantia (i) Alienação fiduciária de terrenos; (ii) Cessão fiduciária dos contratos; (iii) Aval do sócio controlador; e, (iv) Fiança das subsidiárias Ascensus. Com relação de garantia atual de 140%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_9_Picture_25.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Brookfield 2S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 1,7%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 19\u002F07\u002F2027\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com a Brookfield Properties, que através de 10 fundos imobiliários indiretamente controlados pelo BSREP IV Chrysocolla Pooling LLC, assumiu o compromisso de adquirir um portfólio de 10 imóveis da BR Properties. A operação possui como garantia (i) Alienação fiduciária dos imóveis e das cotas dos FIIs proprietários; (ii) Cessão fiduciárias dos recebíveis dos imóveis; (iii) E \u003Ci> quity commitment letter \u003C\u002Fi> da BSREP IV; e, (iv) Carta de garantia equivalente a aproximadamente 2 PMTs. A operação conta com relação de garantia de 187%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_9_Picture_35.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI CashMe 31E Sênior \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 9,00%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 21\u002F06\u002F2030\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> S&P Operação lastreada por contratos de empréstimos de \u003Ci> home equity \u003C\u002Fi> originados pela CashMe Soluções Financeiras S.A. A entidade foi fundada em 2017, fazendo parte do Grupo Cyrela, sendo uma das maiores empresas de empréstimos com garantia imobiliária do país. A operação possui como garantia a (i) Alienação fiduciária do imóvel, com LTV máxima de 60% para todos os créditos imobiliários cedidos, e (ii) Fiança da Cyrela Brazil Realty S.A. em caso de má formalização de créditos. Com relação de garantia atual de 144%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_9_Picture_47.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Cemara \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 9,50%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 16\u002F08\u002F2032\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com a Cemara Negócios Imobiliários Ltda, fundada na década de 70, uma das maiores empresas de loteamento do Estado de São Paulo. A operação possui como garantia a (i) Alienação fiduciária de estoque, com relação atual de garantia de 130%; (ii) Cessão fiduciária dos recebíveis; (iii) Alienação fiduciária das SPEs detentora de cada projeto; (iv) Conta de reserva para cobertura dos custos das obras; (v) Reserva de despesas para cobertura de seis meses de operação e reserva de amortização.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_9_Picture_57.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Ceratti e Magna Jr. \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 9,50%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 21\u002F05\u002F2027\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> o \u003C\u002Fsup> fundo Suno Logística FII (B3: SNLG11) para \u003Csup> a \u003C\u002Fsup> aquisição de dois galpões logísticos (localizados em Campinas\u002FSP) com os inquilinos Magna e Ceratti. A operação possui como garantias (i) Alienação fiduciária do imóvel; (ii) Cessão fiduciária dos direitos creditórios; (iii) Fundo de reserva, e (iv) Fundo de despesas. Com relação atual de garantia de 439%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_10_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_10_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Copagril \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 6,5%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 16\u002F06\u002F2031\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com a Cooperativa Agroindustrial Copagril, situada na região oeste do Paraná. Sua atuação está centrada no atendimento de seus cooperados, comercializando sua produção agrícola ou pecuária. A operação possui como garantias (i) Aval da diretoria; (ii) Alienação fiduciária de fundo de reserva; (iii) Alienação fiduciária de quatro imóveis, inclusive a sede da companhia; (iv) Alienação fiduciária do fundo de despesas. Com relação de garantia atual de 266%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_10_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Ditolvo 37E \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 10%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 30\u002F10\u002F2030\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com a Construtora Ditolvo Ltda., empresa que há 50 anos atua no mercado de construção e incorporação imobiliária, sendo responsável pelo lançamento de mais de 100 empreendimentos em todo o país. A operação possui como garantia (i) alienação fiduciária das unidades em estoque, (ii) fiança da holding e de seus sócios e (iii) alienação fiduciária de dois terrenos em São José dos Campos, com relação de garantia de 132%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_10_Picture_25.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI EAB \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 9,70%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 15\u002F06\u002F2032\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com Potenza Energias, atua no segmento de geração distribuída e possui sede em MG. A empresa detém ativos de geração distribuída com foco em energia fotovoltaica. A operação possui como garantias (i) Fiança da empresa e sócios; (ii) Cessão fiduciária dos recebíveis dos consórcios; (iii) Alienação fiduciária das ações da Potenza e SPEs; (iv) Alienação fiduciária dos bens e equipamentos; e, (v) Alienação dos direitos de superfícies das UFVs. Com relação de garantia atual de 118%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_10_Picture_36.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI GPA 85S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 5,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 10\u002F08\u002F2035\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com o Grupo Pão de Açúcar, um dos maiores varejistas do país, com mais de 75 anos de atuação. A operação possui como garantias (i) Alienação fiduciária de lojas locadas pelo Pão de Açúcar e Extra; (ii) Alienação fiduciária de cotas da SPE, e, (iii) Promessa de cessão fiduciária de contratos de locação futura; Com relação atual de garantia de 139%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_10_Picture_48.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI GPA 296S \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 5,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 19\u002F10\u002F2035\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com o Grupo Pão de Açúcar, um dos maiores varejistas do país, com mais de 75 anos de atuação. A operação possui como garantia a alienação fiduciária de uma loja do grupo localizada no bairro de Vila Romana em São Paulo com relação atual de garantia de 157%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_10_Picture_58.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Barra da Tijuca 155E 1S \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 4,5%\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 30\u002F08\u002F2046\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>Operação com a Carvalho Hosken, empresa sediada no Rio de Janeiro\u002FRJ, com mais de 70 anos de atividade, referência em empreendimentos de alto padrão na Barra da Tijuca. A operação possui como garantia a (i) Alienação fiduciária dos terrenos; (ii) Cessão fiduciária das permutas; e (iii) Aval das SPEs terrenistas e dos Sócios. Com razão de garantia atual de 389%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_11_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_11_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Barra da Tijuca 160E 1S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 4,5%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 30\u002F08\u002F2046\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Carvalho Hosken, empresa sediada no Rio de Janeiro\u002FRJ, com mais de \u003Csup> 70 \u003C\u002Fsup> anos de atividade, referência em empreendimentos de alto padrão na Barra da Tijuca. A operação possui como garantia a (i) Alienação fiduciária dos terrenos; (ii) Cessão fiduciária das permutas; e (iii) Aval das SPEs terrenistas e dos Sócios. Com razão de garantia atual de 389%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_11_Picture_14.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Barra da Tijuca 155E 3S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 6,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 30\u002F08\u002F2046\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Carvalho Hosken, empresa sediada no Rio de Janeiro\u002FRJ, com mais de \u003Csup> 70 \u003C\u002Fsup> anos de atividade, referência em empreendimentos de alto padrão na Barra da Tijuca. A operação possui como garantia a (i) Alienação fiduciária dos terrenos; (ii) Cessão fiduciária das permutas; e (iii) Aval das SPEs terrenistas e dos Sócios. Com razão de garantia atual de 285%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_11_Picture_21.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Barra da Tijuca 160E 3S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 6,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 30\u002F08\u002F2046\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Carvalho Hosken, empresa sediada no Rio de Janeiro\u002FRJ, com mais de \u003Csup> 70 \u003C\u002Fsup> anos de atividade, referência em empreendimentos de alto padrão na Barra da Tijuca. A operação possui como garantia a (i) Alienação fiduciária dos terrenos; (ii) Cessão fiduciária das permutas; e (iii) Aval das SPEs terrenistas e dos Sócios. Com razão de garantia atual de 285%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_11_Picture_28.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Helbor 111E \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 27\u002F06\u002F2030\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com a Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em 1977 com foco em empreendimentos residenciais e comerciais está presente em 10 estados brasileiros e no Distrito Federal. A operação possui como garantia a alienação fiduciária de cotas de SPEs detidas pela Helbor, com relação de garantia de 134%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_11_Picture_35.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Helbor 22E \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3,00%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 27\u002F11\u002F2026\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com a Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em 1977, com foco em empreendimentos residenciais e comerciais, está presente em 10 estados brasileiros e no Distrito Federal. Operação possui como garantias: (i) Alienação fiduciária de cotas de SPEs detidas pela Helbor. Com relação de garantia de 118%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_11_Picture_42.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Helbor 40E \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 29\u002F11\u002F2028\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em 1977, com foco em empreendimentos residenciais e comerciais, está presente em 10 estados brasileiros e no Distrito Federal. A operação possui como garantias: (i) a alienação fiduciária de cotas de SPEs detidas pela Helbor e (ii) fiança das SPEs, com relação de garantia de 197%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_12_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_12_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Helbor 79E 1S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3,00%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 28\u002F12\u002F2029\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>Operação com a Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em 1977 com foco em empreendimentos residenciais e comerciais está presente em 10 estados brasileiros e no Distrito Federal. A operação possui como garantia a alienação fiduciária de cotas de SPEs detidas pela Helbor, com relação de garantia de 129%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_12_Picture_14.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Helbor 440S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 28\u002F01\u002F2028\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com a Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em 1977 com foco em empreendimentos residenciais e comerciais está presente em 10 estados brasileiros e no Distrito Federal. Operação possui como garantia a alienação fiduciária de cotas de SPEs detidas pela Helbor. Com relação de garantia atual de 135%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_12_Picture_21.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Helbor 86E \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 27\u002F02\u002F2030\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em \u003Csup> 1977 \u003C\u002Fsup> com foco em empreendimentos residenciais e comerciais está presente em 10 estados brasileiros e no Distrito Federal. Operação possui como garantias a alienação fiduciária de cotas de SPEs detidas pela Helbor (HESA 101, HESA 137, HESA 141 e HESA 160), com relação atual de garantia de 120%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_12_Picture_28.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Helbor 7E1S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 07\u002F06\u002F2027\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com a Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em 1977 com foco em empreendimentos residenciais e comerciais está presente em 10 estados brasileiros e no Distrito Federal. Operação possui como garantias (i) Alienação fiduciária de cotas de SPEs detidas pela Helbor. (ii) Alienação fiduciária de 4 imóveis localizados no Estado de São Paulo; (iii) Cessão fiduciária; (iv) Fiança da Helbor, e (v) Fundo de reserva. Com relação de garantia atual de 119%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_12_Picture_35.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI João Dias \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 3,0% \u003Cb> Vencimento \u003C\u002Fb> 30\u002F03\u002F2027\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com a Helbor S.A. (B3: HBOR3), incorporadora de capital aberto, fundada em 1977 com foco em empreendimentos residenciais e comerciais está presente em 10 estados brasileiros e no Distrito Federal. A operação possui como garantias: (i) a alienação fiduciária de 100% do imóvel, (ii) cessão fiduciária de 100% dos CEPAC's não vinculados e (iii) aval da Helbor, com relação de garantia de 146%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_12_Picture_42.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI JSL Ribeira 261S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> AA Fitch\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 6,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 25\u002F01\u002F2035\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação lastreada em contratos atípicos de locação de 15 anos com empresas do Grupo JSL S.A. (B3: JSLG3), uma das principais empresas de logística do país. A operação possui como garantia adicional (i) Alienação fiduciária dos imóveis locados; e, (ii) Fiança do controlador da JSL, além de seus sócios pessoas físicas. Com relação atual de garantia de 153%.\u003C\u002Fp>\u003Cp>www.valorainvest.com.br\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_13_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_13_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI JSL Ribeira 268S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 6,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 25\u002F01\u002F2035\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> AA Fitch Operação lastreada em contratos atípicos de locação de \u003Csup> 15 \u003C\u002Fsup> anos com empresas do Grupo JSL S.A. (B3: JSLG3), uma das principais empresas de logística do país. A operação possui como garantia adicional (i) Alienação fiduciária dos imóveis locados; e, (ii) Fiança do controlador da JSL, além de seus sócios pessoas físicas. Com relação atual de garantia de 153%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_13_Picture_14.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI JSTX \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 9,837%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 03\u002F12\u002F2038 \u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> o \u003C\u002Fsup> Grupo Vamos (B3: VAMO3), uma das empresas líderes no setor de locação de caminhões e equipamentos pesados no Brasil. A operação possui como garantia: (i) alienação fiduciária dos imóveis locados; (ii) aval da empresa patrimonial (JSTX) e do sócio, com relação atual de garantia de 110%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_13_Picture_21.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Manhattan 161S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 5,7%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 23\u002F12\u002F2026\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Construtora Manhattan, uma das maiores incorporadoras de Fortaleza - CE, com mais de 15 anos de atuação. A operação possui como garantias reais: (i) Alienação fiduciária de imóveis prontos residenciais; (ii) Cessão fiduciária de recebíveis de direito de uso de dois projetos residenciais, todos localizados na Região Metropolitana de Fortaleza. Com relação atual de garantia de 167%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_13_Picture_28.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Manhattan 196S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 4,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 16\u002F02\u002F2029\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Construtora Manhattan, uma das maiores incorporadoras de Fortaleza - CE, com mais de 15 anos de atuação. A operação possui como garantia real (i) Alienação fiduciária de imóveis prontos residenciais; e, (ii) Cessão fiduciária de recebíveis de direito de uso de dois projetos residenciais, todos localizados na Região Metropolitana de Fortaleza. Com relação de garantia atual de 125%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_13_Picture_35.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Oba 279S \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 6,4%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 27\u002F06\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com o Grupo Fartura de Hortifruti S.A., um dos maiores varejistas do país, com mais de 50 lojas. A operação possui como garantias (i) Alienação fiduciária dos imóveis, (ii) Cessão fiduciária dos contratos atípicos; e, (iii) Fiança dos sócios e das holdings CABEF, CRAL e MOCA. Com relação de garantia atual de 105%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_13_Picture_42.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Oba 315S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 7,4%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 27\u002F06\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com o Grupo Fartura de Hortifruti S.A., um dos maiores varejistas do país, com mais de 50 lojas. A operação possui como garantias (i) Alienação fiduciária dos imóveis, (ii) Cessão fiduciária dos contratos atípicos; e, (iii) Fiança dos sócios e das holdings CABEF, CRAL e MOCA. Com relação de garantia atual de 105%.\u003C\u002Fp>\u003Cp>www.valorainvest.com.br +55 11 3016.0900\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_14_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch4>Detalhamento dos Ativos\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_14_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Raízes Campo Belo 2S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 4,00%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 30\u002F05\u002F2030\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Mitre que possui mais de \u003Csup> 50 \u003C\u002Fsup> anos de atuação no mercado de incorporação \u003Csup> e \u003C\u002Fsup> construção civil. A empresa atua em todas as regiões da cidade de São Paulo com foco no público de média-alta renda. A operação possui como garantia a (i) alienação fiduciária do terreno e das benfeitorias; (ii) alienação fiduciária das cotas da SPE; (iii) cessão fiduciária dos recebíveis e (iv) aval da Mitre, com relação atual de garantia de 179%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_14_Picture_14.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Realiza \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 10,5%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 26\u002F03\u002F2037\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Realiza Construtora Ltda., incorporadora com mais de \u003Csup> 40 \u003C\u002Fsup> anos de atuação, sendo uma das maiores atuantes na região sudeste e centro-oeste. A operação possui como garantia a (i) alienação fiduciária dos terrenos, dos imóveis em estoque e das cotas das SPEs; (ii) cessão fiduciária dos recebíveis; (iii) fundo de reserva; (iv) fundo de despesa e (v) aval da Realiza e dos sócios Pessoa Física, com relação atual de garantia de 180%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_14_Picture_21.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Rede D'Or 214S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> AAA Fitch\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 3,88%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 30\u002F06\u002F2031\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com a Rede D'Or São Luiz S.A., maior rede privada de assistência médica integrada do país, com 43 anos de existência e presente em nove estados. A operação possui como garantias (i) Alienação fiduciária de 3 hospitais do grupo; (ii) Seguro patrimonial e seguro de perda de receita de locação. Com relação de garantia atual de 174%\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_14_Picture_28.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Rede Duque 443S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 8,2%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 20\u002F09\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Rede Duque, grupo familiar fundado há \u003Csup> 60 \u003C\u002Fsup> anos \u003Csup> e \u003C\u002Fsup> gerida pela 2ª geração da Família Duque. Atualmente maior rede de postos de combustíveis da cidade de São Paulo, e uma das maiores do país. A operação possui como garantias (i) Alienação fiduciária de imóveis localizados na cidade de São Paulo; (ii) Cash collateral; (iii) Fundo de despesas; e, (iv) Fiança dos controladores. Com relação de garantia atual de 186%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_14_Picture_35.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI Rede Duque 444S \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 8,2%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 20\u002F09\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Rede Duque, grupo familiar fundado há \u003Csup> 60 \u003C\u002Fsup> anos \u003Csup> e \u003C\u002Fsup> gerida pela 2ª geração da Família Duque. Atualmente maior rede de postos de combustíveis da cidade de São Paulo, e uma das maiores do país. A operação possui como garantias (i) Alienação fiduciária de imóveis localizados na cidade de São Paulo; (ii) Cash collateral; (iii) Fundo de despesas; e, (iv) Fiança dos controladores. Com relação de garantia atual de 186%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_14_Picture_42.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Roc Panamby \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 12,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 03\u002F03\u002F2027\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Construtora Ditolvo Ltda., empresa que há \u003Csup> 50 \u003C\u002Fsup> anos atua no mercado de construção e incorporação imobiliária, sendo responsável pelo lançamento de mais de 100 empreendimentos em todo o país. A operação possui como garantia (i) alienação fiduciária do terreno e das benfeitorias, (ii) alienação fiduciárias das Cotas das SPEs, (iii) cessão fiduciária dos recebíveis e (iv) aval da Ditolvo e de seus sócios, com relação de garantia atual de 126%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_15_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_15_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Roc Panamby 3S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 12,24%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 03\u002F03\u002F2027\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação com \u003Csup> a \u003C\u002Fsup> Construtora Ditolvo Ltda., empresa que há \u003Csup> 50 \u003C\u002Fsup> anos atua no mercado de construção e incorporação imobiliária, sendo responsável pelo lançamento de mais de 100 empreendimentos em todo o país. A operação possui como garantia (i) alienação fiduciária do terreno e das benfeitorias, (ii) alienação fiduciárias das Cotas das SPEs, (iii) cessão fiduciária dos recebíveis e (iv) aval da Ditolvo e de seus sócios, com relação de garantia atual de 126%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_15_Picture_14.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI São Gonçalo \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 5,06%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 15\u002F12\u002F2034\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> A+ Fitch Operação lastreada em recebíveis de contratos de locação do São Gonçalo Shopping localizado na cidade de São Gonçalo-RJ. A emissão possui como garantias adicionais (i) Alienação Fiduciária do shopping; (ii) Cessão fiduciária de novos recebíveis de locação do mesmo shopping; (iii) Coobrigação da GSR Shopping, cedente dos contratos de locação; e, (iv) Fiança da holding controladora, com relação de garantia atual de 399%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_15_Picture_21.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI Scala Datacenter 2S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> IPCA + 9,50%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 16\u002F07\u002F2040\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com a Scala Data Centers que é uma plataforma de data centers sustentáveis, fundada pela Digital Bridge com sede no Brasil. A operação possui como garantias: (i) a alienação fiduciária do imóvel, (ii) alienação fiduciária das cotas do FII Data Centers e (iii) cessão fiduciária dos recebíveis do imóvel, com relação atual de garantia de 162%.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_15_Picture_28.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI You Ações \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 4,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 28\u002F01\u002F2033\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 160\u003C\u002Fp>\u003Cp>Operação com a You inc, incorporadora paulistana com mais de 10 anos de atuação e foco no segmento de imóveis residenciais compactos. A operação possui como garantia a alienação fiduciária de cotas da You Inc.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_15_Picture_35.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> CRI You 73E 1S \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 4,0%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 26\u002F11\u002F2027\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com a You inc, incorporadora paulistana com mais de 10 anos de atuação e foco no segmento de imóveis residenciais compactos. A operação possui como garantia a alienação fiduciária de cotas de SPEs de projetos incorporados pela companhia.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_15_Picture_42.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> CRI You 73E 2S \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 4,5%\u003C\u002Fp>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> 26\u002F04\u002F2027\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Cp>Operação com a You inc, incorporadora paulistana com mais de 10 anos de atuação e foco no segmento de imóveis residenciais compactos. A operação possui como garantia a alienação fiduciária de cotas de SPEs de projetos incorporados pela companhia. com relação atual de garantia de 235%.\u003C\u002Fp>\u003Cp>www.valorainvest.com.br +55 11 3016.0900\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_16_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_16_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> FIDC Valyos – Cota Subordinada \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>B Liberum\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>-\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>-\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>O FIDC Valyos tem por objetivo a valorização das Cotas, através da aplicação dos recursos em operações de financiamento para o desenvolvimento e construção de empreendimentos imobiliários, preponderantemente residenciais. O Fundo foi iniciado em meados de 2019, e possui estrutura com cotas subordinadas, mezanino e seniores.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_16_Picture_11.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> Aquisição de Unidades FII \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth colspan=\"2\">Fundo\u003Cbr>imobiliário\u003Cbr>de\u003Cbr>tijolo\u003Cbr>que\u003Cbr>tem\u003Cbr>por\u003Cbr>objetivo\u003Cbr>adquirir\u003Cbr>estoques\u003Cbr>de\u003Cbr>unidades\u003Cbr>na\u003Cbr>preferencialmente residenciais, em construção ou prontas, com desconto em relação ao valor\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth colspan=\"2\">de mercado e preferência de recompra pelo desenvolvedor com estrutura que permite gerar\u003Cbr>na\u003Cbr>renda mensal recorrente. O Fundo teve seu início em abril de 2024.\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_16_Picture_14.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> Baltimore FII – Cota Sênior \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>Fundo imobiliário de tijolo que investe no Centro Empresarial do Barra Shopping no Rio de\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>Janeiro. Ele possui como objetivo proporcionar aos cotistas a valorização de suas cotas no\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>médio e longo prazo, preponderantemente mediante o recebimento de rendimentos mensais\u003Cbr>decorrentes de seus aluguéis e valorização dos ativos alvos. O Fundo teve seu início em\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>agosto de 2024 e possui estrutura com cotas subordinadas e seniores.\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_16_Picture_17.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> Baltimore FII – Cota Subordinada \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth rowspan=\"2\">\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth colspan=\"2\">\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Fundo imobiliário de tijolo que investe no Centro Empresarial do Barra Shopping no Rio de Janeiro. Ele possui como objetivo proporcionar aos cotistas a valorização de suas cotas no médio e longo prazo, preponderantemente mediante o recebimento de rendimentos mensais decorrentes de seus aluguéis e valorização dos ativos alvos. O Fundo teve seu início em agosto de 2024 e possui estrutura com cotas subordinadas e seniores.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_16_Picture_21.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> Planta FII \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Fundo imobiliário de desenvolvimento que tem por objetivo proporcionar aos cotistas a valorização de suas cotas mediante a aquisição e retrofit dos ativos alvo em São Paulo, visando a valorização em sua venda no médio e longo prazo. O Fundo teve seu início em setembro de 2022.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_16_Picture_25.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> Valora CRI Infra FII \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Fundo fechado de papel que tem por objetivo proporcionar aos cotistas a valorização de suas cotas no médio e longo prazo, preponderantemente mediante o recebimento de rendimentos mensais decorrentes de seus investimentos em dívidas de projetos de infraestrutura operacionais e\u002Fou pré-operacionais. O Fundo teve seu início em junho de 2022.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_0.jpeg\">\u003C\u002Fp>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_7.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> Edifícios Corporativos FII \u003C\u002Fb>\u003C\u002Fh5>\u003Cp>\u003Cb> Cupom \u003C\u002Fb> CDI + 2,0% \u003Cb> Vencimento \u003C\u002Fb> na \u003Cb> Tipo de oferta \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Fundo imobiliário de tijolo que investe em quatro imóveis \u003Ci> Triple A \u003C\u002Fi>, localizados nos grandes centros de São Paulo e Rio de Janeiro. Ele possui como objetivo proporcionar aos cotistas a valorização de suas cotas no médio e longo prazo, preponderantemente mediante o recebimento de rendimentos mensais decorrentes de seus aluguéis e valorização dos ativos alvos. O Fundo teve seu início em julho de 2026.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_11.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> Valora FOF FII \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Fundo fechado de papel que tem por objetivo proporcionar aos cotistas a valorização de suas cotas no médio e longo prazo, preponderantemente mediante o recebimento de rendimentos mensais decorrentes de seus investimentos em cotas de outros fundos imobiliários. O Fundo teve seu início em julho de 2025.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> Valora CRI Pré FII - Cota Subordinada \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>31\u002F12\u002F2030\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>Fundo fechado de papel que tem por objetivo proporcionar aos cotistas a valorização de suas cotas no médio e longo prazo decorrentes de seus investimentos em dívidas de projetos imobiliários, com prazo de duração de 5 anos, sendo 4 anos de investimento e 1 ano de amortização de cotas. O Fundo teve seu início em dezembro de 2025.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_19.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> KeyCash II (FIDC KeyCash Home Equity) – Cota Sênior \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>IPCA + 8,5%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> BBB Liberum \u003Csup> O \u003C\u002Fsup> KCCR FIDC tem por objetivo \u003Csup> a \u003C\u002Fsup> valorização das cotas, por meio da aplicação dos recursos em Direitos Creditórios, provenientes principalmente de operações de \u003Ci> home \u003C\u002Fi> equity, cedidos pela KeyCash, plataforma digital de crédito imobiliário para pessoas físicas. O Fundo possui subordinação mínima de 20%, tendo como cotista subordinada a própria KeyCash e partes relacionadas.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_23.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> SPE BM Varejo S.A. \u003C\u002Fb>\u003C\u002Fh4>\u003Cp>\u003Cb> Vencimento \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>\u003Cb> Tipo de oferta \u003C\u002Fb> ICVM 476\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>A BM Varejo Empreendimentos S.A. é uma empresa que possui como atividade principal a incorporação de empreendimentos imobiliários, visando o desenvolvimento e a valorização destes empreendimentos.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_27.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> SPE CV 408 \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação de equity, com investimento indireto na SPE CV 408, com objeto específico de desenvolvimento de 2 projetos localizados na cidade de São Paulo, sendo (i) um na Vila Madalena em parceria com a Munnir Abud e Toledo Ferrari, com 50 unidades residenciais de 205m², 175 studios de 24m² a 29m² e 3 Lojas (152m², 150m² e 70m²) em fase de obras e (ii) um terreno na Barra Funda para desenvolver um empreendimento MCMV.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_17_Picture_31.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> SPE Gamaro Maracatins \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth colspan=\"3\">\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>Operação de equity preferencial que tem por objeto específico a aquisição de imóvel\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>localizado no bairro Indianópolis, na cidade de São Paulo, para desenvolvimento de\u003Cbr>empreendimentos imobiliários, sendo eles: 74 unidades residenciais de 87m² a 153m², Studios\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>HMP de 28 a 39m² e 3 lojas de 100m². O empreendimento é incorporado pela Gamaro\u003Cbr>Desenvolvimento Imobiliário. Teve o seu projeto aprovado e o lançamento previsto é em\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003Cth>Setembro.\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>36.771.692\u002F0001-19\u003C\u002Fp>\u003Cp>RELATÓRIO DE GESTÃO cadastre-se em \u003Cb> https:\u002F\u002Fvalorainvest.com.br\u002Fcontato \u003C\u002Fb> para receber os relatórios Setembro 2026\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Detalhamento dos Ativos\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_18_Picture_7.jpeg\">\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>SPE Guaicurus\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na \u003Cb> Cupom \u003C\u002Fb> na \u003Cb> Vencimento \u003C\u002Fb> na \u003Cb> Tipo de oferta \u003C\u002Fb> na\u003C\u002Fp>\u003Cp>Operação tem como objetivo gerar retorno aos cotistas, através da venda de dois terrenos localizados na cidade de São Paulo, sendo o primeiro localizado na Rua Guaicurus e o segundo na Rua Benedito Guedes de Oliveira.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_18_Picture_11.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> SPE Itatupã \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Investimento indireto na SW20 Itatupã Empreendimento Imobiliário SPE LTDA., que tem por objeto específico a aquisição de imóvel localizado no bairro Panamby, na cidade de São Paulo, para desenvolvimento de um empreendimento imobiliário residencial, 198 unidades residenciais de 54m² a 99m². O empreendimento é incorporado pela Ditolvo e pela Vaster DI. Projeto se encontra em fase de entrega.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_18_Picture_15.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> SPE MNF \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação de equity preferencial, com investimento indireto na MNF SPE S.A., que tem por objeto específico a aquisição de imóvel localizado no bairro Chácara Klabin, na cidade de São Paulo, para desenvolvimento de um empreendimento imobiliário residencial, 110 unidades residenciais de 62m² a 90m², 42 studios não residenciais de 33m² a 37m² e 3 lojas. O empreendimento é incorporado pela Paes & Gregori. A obra foi concluída e estamos em fase de entrega.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_18_Picture_19.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> SPE RLV01 \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação que tem por objeto específico \u003Csup> o \u003C\u002Fsup> investimento indireto em um empreendimento imobiliário residencial localizado no bairro Jardins na cidade de São Paulo. O empreendimento possui 3 subcondomínios, 60 unidades residenciais de 220m², 116 studios NR de 25m² e 122 studios residenciais de 25m² e 3 lojas. A obra está em finalização e em breve entraremos em fase de entrega. O projeto é incorporado pela Vaster DI.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_18_Picture_23.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> SPE Retail Cidade Matarazzo \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Operação com objetivo de aquisição de ações da BM Varejo Empreendimentos S.A., com atividade principal de incorporação de empreendimentos imobiliários, visando o desenvolvimento e a valorização destes empreendimentos.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_18_Picture_27.jpeg\">\u003C\u002Fp>\u003Ch4>\u003Cb> SPE SF 506 \u003C\u002Fb>\u003C\u002Fh4>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Rating\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Operação tem como objetivo investimento direto na aquisição de imóvel localizado na margem da Rodovia Castelo Branco, na cidade de Araçariguama, para desenvolvimento de um empreendimento imobiliário de galpões logísticos. O projeto foi aprovado e se encontra em concorrência final para início da construção.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_18_Picture_31.jpeg\">\u003C\u002Fp>\u003Ch5>\u003Cb> SPE VLR01 – Comendador Harmonia e Moma \u003C\u002Fb>\u003C\u002Fh5>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Cupom\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Vencimento\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Tipo de oferta\u003C\u002Fth>\u003Cth>na\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cb> Rating \u003C\u002Fb> na Operação de equity, com investimento indireto na SPE VLR01, com objeto específico de desenvolvimento de 3 projetos localizados na cidade de São Paulo, sendo (i) um na Vila Madalena em parceria com a Munnir Abud e Toledo Ferrari, com 50 unidades residenciais de 205m², 175 studios de 24m² a 29m² e 3 Lojas (152m², 150m² e 70m²) em fase de obras, (ii) um terreno na Barra Funda para desenvolver empreendimento MCMV e projeto em Moema 82 unidades residenciais de 147m² a 194m², 252 studios de 23m² a 29m².\u003C\u002Fp>\u003Ch4>RELATÓRIO DE GESTÃO\u003C\u002Fh4>\u003Cp>cadastre-se em https:\u002F\u002Fvalorainvest.com.br\u002Fcontato para receber os relatórios\u003C\u002Fp>\u003Cp>Setembro 2026\u003C\u002Fp>\u003Ch4>Desempenho no Mercado Secundário\u003C\u002Fh4>\u003Cp>A negociação das cotas do Fundo foi iniciada em 9 de março de 2021, com o preço de abertura correspondente a R$10,00. No dia 30 de setembro de 2026, o valor da cota fechou em R$ 5,06.\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Cth>Informações complementares:\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>Setembro-26\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Cth>Número de cotistas\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>358.491\u003C\u002Fth>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Volume (em R$)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>43.449.477,97\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Quantidade de cotas negociadas\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>8.565.177\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Volume Médio Diário (R$\u002Fdia)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>2.069.022,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor médio de negociação por cota\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>5,07\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Faixa de valor de negociação (por cota)\u003C\u002Ftd>\u003Ctd>Mínimo\u003C\u002Ftd>\u003Ctd>4,98\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Máximo\u003C\u002Ftd>\u003Ctd>5,37\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_19_Picture_9.jpeg\">\u003C\u002Fp>\u003Cp>Fundo integrante do IFIX – Índice Fundos de Investimentos Imobiliários - para a carteira válida para o quadrimestre entre setembro e dezembro de 2026.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_19_Figure_11.jpeg\">\u003C\u002Fp>\u003Cp>Este material foi elaborado pela Valora Gestão de Investimentos. Leia o regulamento e demais documentos legais do fundo antes de investir. Os fundos são supervisionados e fiscalizados pela Comissão de Valores Mobiliários - CVM. É recomendada uma avaliação de performance de fundos de investimento em análise de no mínimo 12 meses. A rentabilidade passada não garante a rentabilidade futura e fundos de investimento não são garantidos pela Instituição Administradora, ou por gualquer mecanismo de seguro, ou ainda pelo Fundo Garantidor de Créditos - FGC, A RENTABILIDADE AJUSTADA CONSIDERA O REINVESTIMENTO DOS DIVIDENDOS, JUROS SOBRE CAPITAL PRÓPRIO OU OUTROS RENDIMENTOS ADVINDOS DE ATIVOS FINANCEIROS QUE INTEGREM A CARTEIRA DO FUNDO REPASSADOS DIRETAMENTE AO COTISTA. Os Fundos de Investimento Imobiliário sequem a Resolução CVM 175, portanto são condomínios fechados em que as cotas não são resgatáveis onde os cotistas podem ter dificuldade em alienar suas cotas no mercado secundário. As opiniões, estimativas e projeções refletem o atual julgamento do responsável pelo seu conteúdo na data de sua divulgação e estão, portanto, sujeitas a alterações sem aviso prévio. As projeções utilizam dados históricos e suposições, de forma que devem ser realizadas as seguintes advertências: (1) Não estão livres de erros; (2) Não é possível garantir que os cenários obtidos venham efetivamente a ocorrer; (3) Não configuram, em nenhuma hipótese, promessa ou garantia de retorno esperado nem de exposição máxima de perda; e (4) Não devem ser utilizadas para embasar nenhum procedimento administrativo perante órgãos fiscalizadores ou reguladores. Este conteúdo é informativo e não constitui nem deve ser interpretado como oferta ou solicitação de compra ou venda de valores mobiliários, instrumento financeiro ou de participação em qualquer estratégia de negócios específica, qualquer que seja a jurisdição. Algumas das informações aqui contidas foram obtidas com base em dados de mercado e de fontes públicas consideradas confiáveis. A Valora não declara ou garante, de forma expressa ou implícita, a integridade, confiabilidade ou exatidão de tais informações e se exime de qualquer responsabilidade por quaisquer prejuízos, diretos ou indiretos, que venham a decorrer da utilização desse material e de seu conteúdo. Esse material não pode ser reproduzido ou redistribuído para qualquer pessoa, no todo ou em parte, qualquer que seja o propósito, sem o prévio consentimento por escrito da Valora. O Objetivo do Fundo não representa nem deve ser considerado, a qualquer momento, e sob qualquer hipótese, como promessa, garantia ou sugestão de rentabilidade ao investidor. Quaisquer outras informações ou esclarecimentos sobre o Fundo poderão ser obtidos com o Administrador e o Gestor, através do e-mail: ri@valorainvest.com.br.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"Figura do documento\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F22779\u002F_page_19_Picture_13.jpeg\">\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FVGHF11\u002Fdocumentos\u002F22779\u002Fpdf",false,"2026-09-30","2026-11-04 18:35:00",{"id":91,"empresa":92,"gestor":96,"cotacoes":97,"patrimonio":200,"vpa":201,"p_vpa":202,"tipo_gestao":203,"mandato":96,"segmento":204,"categoria":51,"grupo":51,"preco_atual":198,"cotacao_atualizada_em":205,"ultima_variacao_cotacao_24h":206,"variacao_cotacao_7d":207,"variacao_cotacao_1m":208,"variacao_cotacao_3m":209,"variacao_cotacao_6m":210,"variacao_cotacao_12m":211,"vacancia_fisica":96,"liquidez_atual":212,"ultimo_dividendo":213,"ultimo_dividend_yield":214,"mes_pagamento_ultimo_dividendo":215,"dividend_yield_3m":216,"dividend_yield_6m":217,"dividend_yield_12m":218,"dividend_yield_medio_12m":219,"qtd_dividendos_pagos_ano_passado":220,"data_ultima_cotacao":196,"pregoes_com_negocio_21":221,"alertas":222,"updated_at":223,"liquidez_media_reais":224,"administrador":41,"taxa_administracao_paga":96,"balanco":225,"resultado_distribuido":233,"publico_alvo":238,"mercados_negociacao_cotas":239,"data_funcionamento":241,"data_final":96,"quantidade_cotas":242,"quantidade_cotistas":243,"detalhes_cotistas":244,"total_investido":250,"investimentos_fundo":251,"imoveis":257,"contratos":96,"custodiante":259,"auditor_independente":266,"formador_mercado":96,"distribuidor_cotas":272,"consultor_especializado":96,"administrador_locacoes":96,"relatorio_anual":273,"analise_administrador":276},770,{"nome":49,"nome_simplificado":93,"nome_comercial":46,"ticker":48,"nome_ticker":94,"nome_pregao":95,"cnpj":58},"VALORA HEDGE FUND  DE RESPONSABILIDADE LIMITADA","VGHF11 - VALORA HEDGE FUND FUNDO DE INVESTIMENTO IMOBILIÁRIO DE RESPONSABILIDADE LIMITADA","FII VALOR HE",null,[98,104,110,114,120,126,131,137,143,147,152,157,162,166,172,177,183,189,194],{"id":99,"data":100,"abertura":101,"ultimo":102,"volume":103},3288811,"2026-10-06",5.24,5.51,949724,{"id":105,"data":106,"abertura":107,"ultimo":108,"volume":109},3289186,"2026-10-07",5.55,5.82,957908,{"id":111,"data":112,"abertura":108,"ultimo":108,"volume":113},3290303,"2026-10-08",711569,{"id":115,"data":116,"abertura":117,"ultimo":118,"volume":119},3290964,"2026-10-09",5.8,5.81,398754,{"id":121,"data":122,"abertura":123,"ultimo":124,"volume":125},3357009,"2026-10-13",5.84,5.59,552343,{"id":127,"data":128,"abertura":107,"ultimo":129,"volume":130},3375596,"2026-10-14",5.67,620506,{"id":132,"data":133,"abertura":134,"ultimo":135,"volume":136},3376325,"2026-10-15",5.7,5.69,561669,{"id":138,"data":139,"abertura":140,"ultimo":141,"volume":142},3377116,"2026-10-16",5.71,5.53,268624,{"id":144,"data":145,"abertura":141,"ultimo":124,"volume":146},3445033,"2026-10-19",456905,{"id":148,"data":149,"abertura":150,"ultimo":129,"volume":151},3446625,"2026-10-20",5.6,360678,{"id":153,"data":154,"abertura":134,"ultimo":155,"volume":156},3459732,"2026-10-21",5.73,552059,{"id":158,"data":159,"abertura":134,"ultimo":160,"volume":161},3473577,"2026-10-22",5.79,401550,{"id":163,"data":164,"abertura":160,"ultimo":108,"volume":165},3488114,"2026-10-23",453472,{"id":167,"data":168,"abertura":169,"ultimo":170,"volume":171},3566248,"2026-10-26",5.4,5.08,1051726,{"id":173,"data":174,"abertura":170,"ultimo":175,"volume":176},3580075,"2026-10-27",4.94,1010767,{"id":178,"data":179,"abertura":180,"ultimo":181,"volume":182},3594410,"2026-10-28",4.98,4.83,420575,{"id":184,"data":185,"abertura":186,"ultimo":187,"volume":188},3609156,"2026-10-29",4.8,4.81,454152,{"id":190,"data":191,"abertura":192,"ultimo":186,"volume":193},3624800,"2026-10-30",4.87,429162,{"id":195,"data":196,"abertura":197,"ultimo":198,"volume":199},3682102,"2026-11-03",4.52,4.2,1218097,1360757796.78,8.26,"0.51","Ativa","Outros","2026-11-04 09:00","-0.1250","-0.1304","-0.2015","-0.1860","-0.3386","-0.4159",13257,"0.0500","0.0104","Nov\u002F2026","0.0405","0.0881","0.1881","0.0105",12,21,[],"04\u002F11\u002F2026 23:00",3320256.53,{"data_referencia":226,"ativo":227,"passivo":228,"obrigacoes_imoveis":229,"obrigacoes_securitizacao":230,"liquidez":231,"valores_receber":232},"2026-09-01",1440661770.6,79903973.82,0,21822909.28,3232648.46,23241897.14,{"data_referencia":234,"resultado":235,"rendimentos":236,"percentual":237},"2026-06-30",70249104.63,69183106.8585,0.9848254610914321,"Investidores em Geral",[240],"Bolsa","2021-02-24",164721683,280719,{"Pessoa Física":245,"Outros tipos de cotistas não relacionados":246,"Fundos de investimento imobiliário":247,"Outros fundos de investimento":248,"Investidores não residentes":249,"Corretora ou distribuidora":64},277995,2694,11,10,8,1414187225,{"Cotas de FIIs":252,"CRI \u002F CRA":253,"Ações de sociedades imobiliárias":254,"Ações":255,"Cotas de FIDCs":256},719400256.93,334435270.94,272737948.36,72612812.38,15000936.39,{"vacancia_total":229,"lista_imoveis":258,"data_referencia":234,"vacancia_suspeita":87},[],{"id":260,"nome":261,"cnpj":262,"endereco":263,"telefone":264,"created_at":265,"updated_at":265},54,"BANCO DAYCOVAL S.A","62232889000190","Avenida Paulista 1793, Bela Vista, São Paulo SP - 01311-200","(11) 3563-4389","2026-10-03T18:53:48.000000Z",{"id":71,"nome":267,"cnpj":268,"endereco":269,"telefone":270,"created_at":271,"updated_at":271},"PRICEWATERHOUSECOOPERS AUDITORES INDEPENDENTES LTDA.","61562112000120","Avenida Brigadeiro Faria Lima, 3732, Edifício B32, 16º andar - Itaim Bibi, São Paulo - SP, 04538-132","(11) 4004-8000","2026-06-07T17:17:20.000000Z",{"id":260,"nome":261,"cnpj":262,"endereco":263,"telefone":264,"created_at":265,"updated_at":265},{"ano_referencia":274,"data_disponibilizacao":275},"2026","2026-09-28",{"ResultadoFundo":277,"ConjunturaEconomica":278,"PerspectivaPeriodoSeguinte":279},"Os resultados do fundo de investimento podem ser consultados diretamente na demonstração financeira do fundo (DF). Esta documentação estara disponível para consulta em: (https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FabrirGerenciadorDocumentosCVM), e proporciona uma visão detalhada do desempenho e das operações realizadas ao longo do período.","No período de junho de 2025 a junho de 2026, o mercado imobiliário e a indústria de Fundos de Investimento Imobiliário (FIIs) permaneceram influenciados pelo cenário macroeconômico, especialmente pela evolução da política monetária, das taxas de juros e das condições fiscais. Nesse contexto, observou-se maior seletividade dos investidores, com diferenciação de desempenho entre os segmentos da indústria. Fundos com ativos imobiliários de qualidade e contratos resilientes, bem como aqueles expostos a operações de crédito estruturadas com garantias consistentes, apresentaram maior capacidade de preservação de resultados. Apesar da volatilidade observada ao longo do período, os FIIs mantiveram sua relevância como instrumento de investimento, reforçando a importância da gestão ativa e da seleção criteriosa de ativos para a geração sustentável de valor e rendimentos.","Considerando o cenário observado ao final do período findo em junho de 2026, a perspectiva para o período seguinte permanece condicionada à evolução do ambiente macroeconômico, em especial à trajetória das taxas de juros, da inflação e das condições fiscais. Nesse contexto, espera-se a continuidade de um mercado seletivo, no qual ativos com fundamentos sólidos, contratos resilientes e adequada relação entre risco e retorno tendam a apresentar melhor desempenho relativo.\nDiante desse cenário, a gestão do Fundo deverá manter uma postura diligente e proativa na condução da estratégia de investimentos, priorizando a diversificação da carteira e a alocação em ativos compatíveis com sua política de investimento. Permanecerá, ainda, o monitoramento contínuo dos ativos integrantes do portfólio e a avaliação criteriosa de novas oportunidades de investimento, com o objetivo de promover a geração consistente de rendimentos e a criação de valor para os cotistas no longo prazo."]