[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:VSLH11:15231":3,"seo:\u002Fdetalhes\u002FVSLH11\u002Fdocumentos\u002F15231":16,"fii-documento:VSLH11":96},{"id":4,"descricao":5,"assunto":6,"tipo":7,"situacao":8,"texto":9,"link_pdf":10,"estruturado":11,"link_original":12,"data_referencia":13,"data_entrega":14,"versao":15},15231,"(VSLH) Relatório Gerencial - 31\u002F07\u002F2026","Relatório Gerencial","Relatórios","(Ativo)","\u003Ch2>R E L A T Ó R I O G E R E N C I A L\u003C\u002Fh2>\u003Ch2>VSLH11 – VERSALHES RI FII\u003C\u002Fh2>\u003Ch3>Cadastre-se no mailing:\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_0_image_4.jpg\">\u003C\u002Fp>\u003Ch3>Contato:\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Rua Fidêncio Ramos, 195 – Cj. 31\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>ri@rcap\u003Cu>-\u003C\u002Fu>asset.com.br\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_0_image_10.jpg\">\u003C\u002Fp>\u003Cp>+55 (11) 911.875.472\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_0_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u002Fr-cap-asset\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_0_image_14.jpg\">\u003C\u002Fp>\u003Cp>RcAP\u003C\u002Fp>\u003Cp>rcap-asset.com.br\u003C\u002Fp>\u003Cp>\u002Frcap.asset\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>OBJETIVO DO FUNDO\u003C\u002Fh3>\u003Cp>Proporcionar aos cotistas a valorização e a rentabilidade de suas cotas no longo prazo, por meio de investimentos em ativos imobiliários, auferindo rendimentos e ganhos de capital advindos destes.\u003C\u002Fp>\u003Cp>\u003Cstrong>CNPJ\u003C\u002Fstrong> 36.244.015\u002F0001-42\u003C\u002Fp>\u003Cp>\u003Cstrong>TICKER\u003C\u002Fstrong> B3:VSLH 11\u003C\u002Fp>\u003Cp>\u003Cstrong>CÓDIGO ISIN:\u003C\u002Fstrong> BRVSLHCTF008\u003C\u002Fp>\u003Cp>\u003Cstrong>CLASSIFICAÇÃO CVM\u003C\u002Fstrong> Fundo de Investimento Imobiliário\u003C\u002Fp>\u003Cp>\u003Cstrong>CLASSIFICAÇÃO ANBIMA Mandato:\u003C\u002Fstrong> Hibrido \u003Cstrong>| Gestão:\u003C\u002Fstrong> Ativa\u003C\u002Fp>\u003Cp>\u003Cstrong>PRAZO DE DURAÇÃO\u003C\u002Fstrong> Indeterminado\u003C\u002Fp>\u003Cp>\u003Cstrong>PÚBLICO ALVO\u003C\u002Fstrong> Geral\u003C\u002Fp>\u003Cp>\u003Cstrong>INÍCIO DO FUNDO\u003C\u002Fstrong> 16\u002F12\u002F2020\u003C\u002Fp>\u003Ch3>GESTOR\u003C\u002Fh3>\u003Cp>R Capital Asset Management Investimentos S . A .\u003C\u002Fp>\u003Cp>\u003Cstrong>ADMINISTRADOR E CUSTODIANTE\u003C\u002Fstrong> Vórtx DTVM\u003C\u002Fp>\u003Ch3>TAXA DE GESTÃO E ADMINISTRAÇÃO\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>PL ou Market Cap.\u003C\u002Fth>\u003Cth>Taxa\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Até R$ 250 MM\u003C\u002Ftd>\u003Ctd>1,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 250 até 500 MM\u003C\u002Ftd>\u003Ctd>0,95%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 500 até 750 MM\u003C\u002Ftd>\u003Ctd>0,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>De R$ 750 até 1.000 MM\u003C\u002Ftd>\u003Ctd>0,85%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Acima de R$ 1.000 MM\u003C\u002Ftd>\u003Ctd>0,80%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>TAXA DE PERFORMANCE\u003C\u002Fh3>\u003Cp>\u003Cstrong>DIVULGAÇÃO DE RENDIMENTOS\u003C\u002Fstrong> 5º dia útil de cada mês\u003C\u002Fp>\u003Cp>\u003Cstrong>PAGAM ENTO DE RENDIMENTOS\u003C\u002Fstrong> 10º dia útil de cada mês\u003C\u002Fp>\u003Ch3>R$ 343,098 milhões\u003C\u002Fh3>\u003Cp>Patrimônio líquido\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 0,022\u002Fcota\u003C\u002Fstrong> Provento do período\u003C\u002Fp>\u003Cp>\u003Cstrong>59.372\u003C\u002Fstrong> Número de cotistas\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 11,48\u003C\u002Fstrong> Cota patrimonial em 31\u002F07\u002F2026\u003C\u002Fp>\u003Cp>\u003Cstrong>29.864.091\u003C\u002Fstrong> Cotas emitidas\u003C\u002Fp>\u003Cp>\u003Cstrong>R$ 1,80\u003C\u002Fstrong> Cota de mercado em 31\u002F07\u002F2026\u003C\u002Fp>\u003Cp>\u003Cstrong>1,45%\u003C\u002Fstrong> Dividend Yield sobre a cota média de ingresso com gross-up\u003C\u002Fp>\u003Cp>\u003Cstrong>1,24%\u003C\u002Fstrong> Dividend Yield sobre a cota média de ingresso\u003C\u002Fp>\u003Ch3>Estratégia\u003C\u002Fh3>\u003Cp>O Versalhes RI FII (VSLH11) é um fundo que investe primordialmente em papéis com lastro imobiliário (CRI) buscando sempre assimetria entre risco e retorno. De forma oportunística, o fundo avalia investimentos em equities e\u002Fou outros fundos imobiliários que possuam estratégias complementares, mas limitando-se à 33% de seu patrimônio líquido.\u003C\u002Fp>\u003Ch3>Comentários do Gestor\u003C\u002Fh3>\u003Cp>Prezado(a) Investidor(a),\u003C\u002Fp>\u003Cp>Informamos que, referente ao resultado do mês de julho, o Fundo distribuiu R$ 0,022 por cota, o que representa um Dividend Yield de 1,24% (ou 1,45% com Gross-Up) sobre a cota média de ingresso no período, de R$ 1,78, o que representa uma rentabilidade de cerca de 119,56% do CDI no período, considerando Gross-Up.\u003C\u002Fp>\u003Cp>\u003Cstrong>Desempenho da Receita de CRIs\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>No mês, houve uma redução dos pagamentos dos CRIs em carteira em relação ao mês anterior, por conta dos motivos abaixo:\u003C\u002Fp>\u003Cp>• Redução no número de dias úteis entre os pagamentos (PMTs): Foram contabilizados 20 dias úteis, contra 22 dias úteis no mês anterior;\u003C\u002Fp>\u003Cp>• Redução do IPCA: O índice registrou uma variação positiva de 0,58% em maio (m-2), comparado a 0,67% no mês anterior;\u003C\u002Fp>\u003Cp>• Redução nos recebimentos do CRI Solar das Águas, que se encontra em execução.\u003C\u002Fp>\u003Cp>Permanecemos à disposição para esclarecimentos adicionais.\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Demonstração do Resultado do Exercício Gerencial\u003C\u002Fh3>\u003Cp>▪ Para apuração do Resultado Caixa, consideram-se as receitas e despesas transitadas pelo caixa do FII.\u003C\u002Fp>\u003Cp>▪ Para apuração do Resultado Contábil, consideram-se as receitas e despesas apropriadas segundo o regime de competência.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>R$ mil-\u003C\u002Fth>\u003Cth>2025\u003C\u002Fth>\u003Cth>jan\u002F26\u003C\u002Fth>\u003Cth>fev\u002F26\u003C\u002Fth>\u003Cth>mar\u002F26\u003C\u002Fth>\u003Cth>abr\u002F26\u003C\u002Fth>\u003Cth>mai\u002F26\u003C\u002Fth>\u003Cth>jun\u002F26\u003C\u002Fth>\u003Cth>jul\u002F26\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>REGIME DE CAIXA\u002FFINANCEIRO\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total de Receitas Caixa\u003C\u002Ftd>\u003Ctd>12.552\u003C\u002Ftd>\u003Ctd>928\u003C\u002Ftd>\u003Ctd>986\u003C\u002Ftd>\u003Ctd>900\u003C\u002Ftd>\u003Ctd>910\u003C\u002Ftd>\u003Ctd>1.025\u003C\u002Ftd>\u003Ctd>878\u003C\u002Ftd>\u003Ctd>832\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI's\u003C\u002Ftd>\u003Ctd>11.355\u003C\u002Ftd>\u003Ctd>848\u003C\u002Ftd>\u003Ctd>818\u003C\u002Ftd>\u003Ctd>739\u003C\u002Ftd>\u003Ctd>798\u003C\u002Ftd>\u003Ctd>828\u003C\u002Ftd>\u003Ctd>858\u003C\u002Ftd>\u003Ctd>671\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII's\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas\u003C\u002Ftd>\u003Ctd>1.197\u003C\u002Ftd>\u003Ctd>80\u003C\u002Ftd>\u003Ctd>168\u003C\u002Ftd>\u003Ctd>162\u003C\u002Ftd>\u003Ctd>112\u003C\u002Ftd>\u003Ctd>197\u003C\u002Ftd>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>161\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total de Despesas Caixa\u003C\u002Ftd>\u003Ctd>(1.042)\u003C\u002Ftd>\u003Ctd>(87)\u003C\u002Ftd>\u003Ctd>(75)\u003C\u002Ftd>\u003Ctd>(71)\u003C\u002Ftd>\u003Ctd>(60)\u003C\u002Ftd>\u003Ctd>(97)\u003C\u002Ftd>\u003Ctd>(65)\u003C\u002Ftd>\u003Ctd>(65)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa administração\u003C\u002Ftd>\u003Ctd>(248)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(17)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa gestão\u003C\u002Ftd>\u003Ctd>(489)\u003C\u002Ftd>\u003Ctd>(31)\u003C\u002Ftd>\u003Ctd>(29)\u003C\u002Ftd>\u003Ctd>(24)\u003C\u002Ftd>\u003Ctd>(28)\u003C\u002Ftd>\u003Ctd>(21)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa escrituração\u003C\u002Ftd>\u003Ctd>(139)\u003C\u002Ftd>\u003Ctd>(14)\u003C\u002Ftd>\u003Ctd>(17)\u003C\u002Ftd>\u003Ctd>(4)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas \u003Csup>1\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>(165)\u003C\u002Ftd>\u003Ctd>(22)\u003C\u002Ftd>\u003Ctd>(10)\u003C\u002Ftd>\u003Ctd>(26)\u003C\u002Ftd>\u003Ctd>(12)\u003C\u002Ftd>\u003Ctd>(40)\u003C\u002Ftd>\u003Ctd>(9)\u003C\u002Ftd>\u003Ctd>(10)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Performance \u003Csup>2\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Caixa\u003C\u002Ftd>\u003Ctd>11.510\u003C\u002Ftd>\u003Ctd>841\u003C\u002Ftd>\u003Ctd>911\u003C\u002Ftd>\u003Ctd>830\u003C\u002Ftd>\u003Ctd>849\u003C\u002Ftd>\u003Ctd>928\u003C\u002Ftd>\u003Ctd>812\u003C\u002Ftd>\u003Ctd>767\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição Caixa\u003C\u002Ftd>\u003Ctd>(10.958)\u003C\u002Ftd>\u003Ctd>(896)\u003C\u002Ftd>\u003Ctd>(806)\u003C\u002Ftd>\u003Ctd>(776)\u003C\u002Ftd>\u003Ctd>(717)\u003C\u002Ftd>\u003Ctd>(746)\u003C\u002Ftd>\u003Ctd>(1.045)\u003C\u002Ftd>\u003Ctd>(896)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Var. Reserva de Lucro Caixa\u003C\u002Ftd>\u003Ctd>552\u003C\u002Ftd>\u003Ctd>(55)\u003C\u002Ftd>\u003Ctd>105\u003C\u002Ftd>\u003Ctd>54\u003C\u002Ftd>\u003Ctd>133\u003C\u002Ftd>\u003Ctd>181\u003C\u002Ftd>\u003Ctd>(233)\u003C\u002Ftd>\u003Ctd>(128)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reserva de Lucro Caixa Acum.\u003C\u002Ftd>\u003Ctd>(31.548)\u003C\u002Ftd>\u003Ctd>(31.602)\u003C\u002Ftd>\u003Ctd>(31.497)\u003C\u002Ftd>\u003Ctd>(31,444)\u003C\u002Ftd>\u003Ctd>(31.311)\u003C\u002Ftd>\u003Ctd>(31.130)\u003C\u002Ftd>\u003Ctd>(31.363)\u003C\u002Ftd>\u003Ctd>(31.491)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>REGIME DE COMPETÊNCIA\u002FCONTABIL\u003Csup>3\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total de Receitas Contábil\u003C\u002Ftd>\u003Ctd>29.859\u003C\u002Ftd>\u003Ctd>4.249\u003C\u002Ftd>\u003Ctd>1.091\u003C\u002Ftd>\u003Ctd>4.552\u003C\u002Ftd>\u003Ctd>11.120\u003C\u002Ftd>\u003Ctd>5.324\u003C\u002Ftd>\u003Ctd>6.346\u003C\u002Ftd>\u003Ctd>7.289\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI's\u003C\u002Ftd>\u003Ctd>29.841\u003C\u002Ftd>\u003Ctd>3.815\u003C\u002Ftd>\u003Ctd>860\u003C\u002Ftd>\u003Ctd>4.309\u003C\u002Ftd>\u003Ctd>10.761\u003C\u002Ftd>\u003Ctd>4.043\u003C\u002Ftd>\u003Ctd>5.228\u003C\u002Ftd>\u003Ctd>6.775\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII's\u003C\u002Ftd>\u003Ctd>(1.179)\u003C\u002Ftd>\u003Ctd>354\u003C\u002Ftd>\u003Ctd>63\u003C\u002Ftd>\u003Ctd>80\u003C\u002Ftd>\u003Ctd>248\u003C\u002Ftd>\u003Ctd>1.084\u003C\u002Ftd>\u003Ctd>1.099\u003C\u002Ftd>\u003Ctd>352\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Receitas\u003C\u002Ftd>\u003Ctd>1.197\u003C\u002Ftd>\u003Ctd>80\u003C\u002Ftd>\u003Ctd>168\u003C\u002Ftd>\u003Ctd>162\u003C\u002Ftd>\u003Ctd>112\u003C\u002Ftd>\u003Ctd>197\u003C\u002Ftd>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>161\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total de Despesas Contábil\u003C\u002Ftd>\u003Ctd>(3.496)\u003C\u002Ftd>\u003Ctd>(99)\u003C\u002Ftd>\u003Ctd>(70)\u003C\u002Ftd>\u003Ctd>(87)\u003C\u002Ftd>\u003Ctd>(77)\u003C\u002Ftd>\u003Ctd>(76)\u003C\u002Ftd>\u003Ctd>(72)\u003C\u002Ftd>\u003Ctd>(82)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa administração\u003C\u002Ftd>\u003Ctd>(1.565)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(12)\u003C\u002Ftd>\u003Ctd>(21)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003Ctd>(20)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa gestão\u003C\u002Ftd>\u003Ctd>(1.442)\u003C\u002Ftd>\u003Ctd>(34)\u003C\u002Ftd>\u003Ctd>(30)\u003C\u002Ftd>\u003Ctd>(34)\u003C\u002Ftd>\u003Ctd>(24)\u003C\u002Ftd>\u003Ctd>(21)\u003C\u002Ftd>\u003Ctd>(19)\u003C\u002Ftd>\u003Ctd>(28)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa escrituração\u003C\u002Ftd>\u003Ctd>(181)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003Ctd>(17)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(16)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas \u003Csup>1\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>(308)\u003C\u002Ftd>\u003Ctd>(28)\u003C\u002Ftd>\u003Ctd>(12)\u003C\u002Ftd>\u003Ctd>(14)\u003C\u002Ftd>\u003Ctd>(17)\u003C\u002Ftd>\u003Ctd>(18)\u003C\u002Ftd>\u003Ctd>(15)\u003C\u002Ftd>\u003Ctd>(17)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Performance \u003Csup>2\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Contábil\u003C\u002Ftd>\u003Ctd>26.363\u003C\u002Ftd>\u003Ctd>4.150\u003C\u002Ftd>\u003Ctd>1.020\u003C\u002Ftd>\u003Ctd>4.465\u003C\u002Ftd>\u003Ctd>11.043\u003C\u002Ftd>\u003Ctd>5.248\u003C\u002Ftd>\u003Ctd>6.274\u003C\u002Ftd>\u003Ctd>7.207\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição Caixa\u003C\u002Ftd>\u003Ctd>(10.960)\u003C\u002Ftd>\u003Ctd>(895)\u003C\u002Ftd>\u003Ctd>(807)\u003C\u002Ftd>\u003Ctd>(776)\u003C\u002Ftd>\u003Ctd>(718)\u003C\u002Ftd>\u003Ctd>(746)\u003C\u002Ftd>\u003Ctd>(1.045)\u003C\u002Ftd>\u003Ctd>(896)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Var. Reserva de Lucro Contábil\u003C\u002Ftd>\u003Ctd>15.403\u003C\u002Ftd>\u003Ctd>3.255\u003C\u002Ftd>\u003Ctd>213\u003C\u002Ftd>\u003Ctd>3.688\u003C\u002Ftd>\u003Ctd>10.325\u003C\u002Ftd>\u003Ctd>4.502\u003C\u002Ftd>\u003Ctd>5.229\u003C\u002Ftd>\u003Ctd>6.311\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reserva de Lucro Contábil Acum.\u003C\u002Ftd>\u003Ctd>(1.445)\u003C\u002Ftd>\u003Ctd>1.810\u003C\u002Ftd>\u003Ctd>2.024\u003C\u002Ftd>\u003Ctd>5.712\u003C\u002Ftd>\u003Ctd>16.037\u003C\u002Ftd>\u003Ctd>20.539\u003C\u002Ftd>\u003Ctd>25.768\u003C\u002Ftd>\u003Ctd>32.078\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Distribuição caixa\u002Fcota\u003C\u002Ftd>\u003Ctd>0,367\u003C\u002Ftd>\u003Ctd>0,03\u003C\u002Ftd>\u003Ctd>0,027\u003C\u002Ftd>\u003Ctd>0,026\u003C\u002Ftd>\u003Ctd>0,024\u003C\u002Ftd>\u003Ctd>0,025\u003C\u002Ftd>\u003Ctd>0,035\u003C\u002Ftd>\u003Ctd>0,030\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dividend Yield Mensal \u003Csup>3\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>17,07%\u003Csup>4\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>1,35%\u003C\u002Ftd>\u003Ctd>1,23%\u003C\u002Ftd>\u003Ctd>1,18%\u003C\u002Ftd>\u003Ctd>1,16%\u003C\u002Ftd>\u003Ctd>1,34%\u003C\u002Ftd>\u003Ctd>1,99%\u003C\u002Ftd>\u003Ctd>1,78%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Col>\u003Cli>\u003Cp>Incluem despesas com reguladores (CVM, ANBIMA), taxas, impostos ou contribuições governamentais e auditores independentes;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Provisionada diariamente e paga semestralmente no 15º dia útil subsequente ao fechamento do semestre;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Calculado sobre a cota média de mercado (m-1);\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Cp>Rentabilidade do Fundo (Últimos 12 meses)\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Período\u003C\u002Fth>\u003Cth>Dividendos (R$\u002Fcota)\u003C\u002Fth>\u003Cth>Dividend Yield ¹\u003C\u002Fth>\u003Cth>Benchmark ² (IPCA+4%a.a.)\u003C\u002Fth>\u003Cth>% Benchmark\u003C\u002Fth>\u003Cth>% Benchmark Gross-up ³\u003C\u002Fth>\u003Cth>% Taxa DI Gross-up ³\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>fev\u002F26\u003C\u002Ftd>\u003Ctd>0,026\u003C\u002Ftd>\u003Ctd>0,25%\u003C\u002Ftd>\u003Ctd>0,61%\u003C\u002Ftd>\u003Ctd>40,6%\u003C\u002Ftd>\u003Ctd>47,7%\u003C\u002Ftd>\u003Ctd>29,3%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>mar\u002F26\u003C\u002Ftd>\u003Ctd>0,024\u003C\u002Ftd>\u003Ctd>0,23%\u003C\u002Ftd>\u003Ctd>0,67%\u003C\u002Ftd>\u003Ctd>33,6%\u003C\u002Ftd>\u003Ctd>39,5%\u003C\u002Ftd>\u003Ctd>22,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>abr\u002F26\u003C\u002Ftd>\u003Ctd>0,025\u003C\u002Ftd>\u003Ctd>0,23%\u003C\u002Ftd>\u003Ctd>1,01%\u003C\u002Ftd>\u003Ctd>22,5%\u003C\u002Ftd>\u003Ctd>26,5%\u003C\u002Ftd>\u003Ctd>24,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>mai\u002F26\u003C\u002Ftd>\u003Ctd>0,035\u003C\u002Ftd>\u003Ctd>0,32%\u003C\u002Ftd>\u003Ctd>1,19%\u003C\u002Ftd>\u003Ctd>26,4%\u003C\u002Ftd>\u003Ctd>31,1%\u003C\u002Ftd>\u003Ctd>34,6%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jun\u002F26\u003C\u002Ftd>\u003Ctd>0,030\u003C\u002Ftd>\u003Ctd>0,27%\u003C\u002Ftd>\u003Ctd>1,00%\u003C\u002Ftd>\u003Ctd>26,8%\u003C\u002Ftd>\u003Ctd>31,5%\u003C\u002Ftd>\u003Ctd>28,1%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>jul\u002F26\u003C\u002Ftd>\u003Ctd>0,022\u003C\u002Ftd>\u003Ctd>0,19%\u003C\u002Ftd>\u003Ctd>0,94%\u003C\u002Ftd>\u003Ctd>20,4%\u003C\u002Ftd>\u003Ctd>23,9%\u003C\u002Ftd>\u003Ctd>18,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Últ. 12 meses \u003Csup>4\u003C\u002Fsup>\u003C\u002Ftd>\u003Ctd>0,335\u003C\u002Ftd>\u003Ctd>3,18%\u003C\u002Ftd>\u003Ctd>8,59%\u003C\u002Ftd>\u003Ctd>37,0%\u003C\u002Ftd>\u003Ctd>43,5%\u003C\u002Ftd>\u003Ctd>27,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Performance no Mercado Secundário (Desde o IPO)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_3_chart_5.jpg\">\u003C\u002Fp>\u003Cp>Notas:\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>Calculado sobre a cota patrimonial no último dia útil do mês;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Para cálculo do benchmark foi considerado o IPCA com defasagem de 2 meses;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Para cálculo do gross up foi considerada a alíquota de 15% do Imposto de Renda;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>A soma dos últimos 12 meses não considera o reinvestimento dos proventos distribuídos.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Cp>Alocação – Carteira\u003C\u002Fp>\u003Cp>Por tipo de ativo\u003C\u002Fp>\u003Cp>Por contraparte dos CRIs¹\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_4_chart_5.jpg\">\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Alocação – CRIs\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Cupom médio curva\u003C\u002Fth>\u003Cth>Prazo médio\u003C\u002Fth>\u003Cth>Duration médio ¹\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,21% a.a.\u003C\u002Ftd>\u003Ctd>4,0 anos\u003C\u002Ftd>\u003Ctd>2,2 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>15,11% a.a.\u003C\u002Ftd>\u003Ctd>2,5 anos\u003C\u002Ftd>\u003Ctd>0,7 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Prefixado\u003C\u002Ftd>\u003Ctd>10,00% a.a.\u003C\u002Ftd>\u003Ctd>11,1 anos\u003C\u002Ftd>\u003Ctd>6,8 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Média ponderada:\u003C\u002Ftd>\u003Ctd>12,53% a.a.\u003C\u002Ftd>\u003Ctd>3,5 anos\u003C\u002Ftd>\u003Ctd>1,7 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Por indexador\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_5_chart_5.jpg\">\u003C\u002Fp>\u003Cp>Por classe\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_5_chart_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_5_chart_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_5_chart_9.jpg\">\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Cp>\u003Cstrong>Portfólio\u003C\u002Fstrong> – CRIs\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd rowspan=\"2\">CRI\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Segm1\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Série\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Indexador\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa de Juros (a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Duration\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Obra Executada\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Vendas\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Inad. Acum.\u003C\u002Ftd>\u003Ctd colspan=\"2\">Razão PMT\u003C\u002Ftd>\u003Ctd colspan=\"2\">Razão Saldo Devedor\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Quant.\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Posição (R$ MM)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">% do PL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Atual\u003C\u002Ftd>\u003Ctd>Limite Atual\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resort do Lago Park\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>13,00%\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>64%\u003C\u002Ftd>\u003Ctd>24%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>130%\u003C\u002Ftd>\u003Ctd>13% 130%\u003C\u002Ftd>\u003Ctd>32.140\u003C\u002Ftd>\u003Ctd>68,62\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>20,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>WAM Holding\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,06%\u003C\u002Ftd>\u003Ctd>1,3\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>21.257\u003C\u002Ftd>\u003Ctd>39,33\u003C\u002Ftd>\u003Ctd>11,46%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GPK\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,50%\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>2%\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>1%\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>22.135\u003C\u002Ftd>\u003Ctd>27,73\u003C\u002Ftd>\u003Ctd>8,08%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GPK II\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>1%\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>19.638\u003C\u002Ftd>\u003Ctd>22,39\u003C\u002Ftd>\u003Ctd>6,53%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resort do Lago Park\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>23,00%\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>64%\u003C\u002Ftd>\u003Ctd>24%\u003C\u002Ftd>\u003Ctd>3,5%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>130%\u003C\u002Ftd>\u003Ctd>8%\u003C\u002Ftd>\u003Ctd>130%\u003C\u002Ftd>\u003Ctd>5.640\u003C\u002Ftd>\u003Ctd>17,21\u003C\u002Ftd>\u003Ctd>5,02%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Eco Resort\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>2,9\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>90%\u003C\u002Ftd>\u003Ctd>6,8%\u003C\u002Ftd>\u003Ctd>163%\u003C\u002Ftd>\u003Ctd>110%\u003C\u002Ftd>\u003Ctd>102%\u003C\u002Ftd>\u003Ctd>110%\u003C\u002Ftd>\u003Ctd>16.573\u003C\u002Ftd>\u003Ctd>15,65\u003C\u002Ftd>\u003Ctd>4,56%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GPK\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>2%\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>1%\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>10.091\u003C\u002Ftd>\u003Ctd>11,45\u003C\u002Ftd>\u003Ctd>3,34%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OP Resort\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>3,1\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>87%\u003C\u002Ftd>\u003Ctd>5,6%\u003C\u002Ftd>\u003Ctd>153%\u003C\u002Ftd>\u003Ctd>115%\u003C\u002Ftd>\u003Ctd>81%\u003C\u002Ftd>\u003Ctd>115%\u003C\u002Ftd>\u003Ctd>13.594\u003C\u002Ftd>\u003Ctd>10,60\u003C\u002Ftd>\u003Ctd>3,09%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OP Resort\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>15,67%\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>87%\u003C\u002Ftd>\u003Ctd>5,6%\u003C\u002Ftd>\u003Ctd>91%\u003C\u002Ftd>\u003Ctd>115%\u003C\u002Ftd>\u003Ctd>56%\u003C\u002Ftd>\u003Ctd>115%\u003C\u002Ftd>\u003Ctd>10.593\u003C\u002Ftd>\u003Ctd>9,81\u003C\u002Ftd>\u003Ctd>2,86%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>EDA\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>18,00%\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>120%\u003C\u002Ftd>\u003Ctd>2%\u003C\u002Ftd>\u003Ctd>120%\u003C\u002Ftd>\u003Ctd>2.910\u003C\u002Ftd>\u003Ctd>6,71\u003C\u002Ftd>\u003Ctd>1,96%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Brasil Parques\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,25%\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>5.466\u003C\u002Ftd>\u003Ctd>6,08\u003C\u002Ftd>\u003Ctd>1,77%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Gran Viver\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,00%\u003C\u002Ftd>\u003Ctd>2,8\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>83%\u003C\u002Ftd>\u003Ctd>8,4%\u003C\u002Ftd>\u003Ctd>52%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>82%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>6.000\u003C\u002Ftd>\u003Ctd>5,93\u003C\u002Ftd>\u003Ctd>1,73%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Brasil Parques\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,50%\u003C\u002Ftd>\u003Ctd>1,9\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>150%\u003C\u002Ftd>\u003Ctd>4.885\u003C\u002Ftd>\u003Ctd>5,62\u003C\u002Ftd>\u003Ctd>1,64%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Circuito de Compras\u003C\u002Ftd>\u003Ctd>S\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,00%\u003C\u002Ftd>\u003Ctd>8,6\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>10.000\u003C\u002Ftd>\u003Ctd>4,99\u003C\u002Ftd>\u003Ctd>1,46%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>WAM Holding\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,06%\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>2.600\u003C\u002Ftd>\u003Ctd>4,63\u003C\u002Ftd>\u003Ctd>1,35%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>Notas:\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>C = Corporativo, L = Loteamento, M = Multipropriedade e S = Shopping;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Confira a legenda do Rating na seção Monitoramento de Performance e Riscos dos CRIs do Anexo I – Modelo de Operação do Fundo presente neste relatório.\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>“N\u002FA” (Não se aplica): Operações classificadas como “Corporativo”, ou seja, não possuem carteira de recebíveis como lastro, mas um título de dívida emitido pela(s) cedente(s) fiduciante(s), ou que a divulgação de seu indicador não consta no termo de securitização.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Cp>\u003Cstrong>Portfólio\u003C\u002Fstrong> – CRIs\u003C\u002Fp>\u003Ctable>\u003Ctr>\u003Ctd rowspan=\"2\">CRI\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Segm1\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Série\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Indexador\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Taxa deJuros(a.a.)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Duration\u003C\u002Ftd>\u003Ctd rowspan=\"2\">ObraExecutada\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Vendas\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Inad.Acum.\u003C\u002Ftd>\u003Ctd>Razão PMT\u003C\u002Ftd>\u003Ctd>Razão SaldoDevedor\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Quant.\u003C\u002Ftd>\u003Ctd rowspan=\"2\">Posição(R$ MM)\u003C\u002Ftd>\u003Ctd rowspan=\"2\">% do PL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Atual Limite\u003C\u002Ftd>\u003Ctd>Atual Limite\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Gran Viver\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>15,20%\u003C\u002Ftd>\u003Ctd>2,6\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>83%\u003C\u002Ftd>\u003Ctd>8,4%\u003C\u002Ftd>\u003Ctd>27% N\u002FA\u003C\u002Ftd>\u003Ctd>47% N\u002FA\u003C\u002Ftd>\u003Ctd>4.000\u003C\u002Ftd>\u003Ctd>4,05\u003C\u002Ftd>\u003Ctd>1,18%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Eco Resort\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>14,50%\u003C\u002Ftd>\u003Ctd>2,7\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>90%\u003C\u002Ftd>\u003Ctd>6,8%\u003C\u002Ftd>\u003Ctd>98% 110%\u003C\u002Ftd>\u003Ctd>70% 110%\u003C\u002Ftd>\u003Ctd>2.520\u003C\u002Ftd>\u003Ctd>2,62\u003C\u002Ftd>\u003Ctd>0,76%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LoteamentosGoias\u003C\u002Ftd>\u003Ctd>L\u003C\u002Ftd>\u003Ctd>Mez\u003C\u002Ftd>\u003Ctd>Pré\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>6,8\u003C\u002Ftd>\u003Ctd>58%\u003C\u002Ftd>\u003Ctd>95%\u003C\u002Ftd>\u003Ctd>6,4%\u003C\u002Ftd>\u003Ctd>79% 105%\u003C\u002Ftd>\u003Ctd>38% 110%\u003C\u002Ftd>\u003Ctd>3.774\u003C\u002Ftd>\u003Ctd>2,37\u003C\u002Ftd>\u003Ctd>0,69%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">HF Engenharia L\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>2,4\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003Ctd>295% 120%\u003C\u002Ftd>\u003Ctd>273% 120%\u003C\u002Ftd>\u003Ctd>3.935\u003C\u002Ftd>\u003Ctd>2,18\u003C\u002Ftd>\u003Ctd>0,63%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>EDA\u003C\u002Ftd>\u003Ctd>M\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IGP-M\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>0,7\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>0,4%\u003C\u002Ftd>\u003Ctd>N\u002FA 120%\u003C\u002Ftd>\u003Ctd>5% 120%\u003C\u002Ftd>\u003Ctd>1.176\u003C\u002Ftd>\u003Ctd>1,98\u003C\u002Ftd>\u003Ctd>0,58%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Recanto dosPássaros\u003C\u002Ftd>\u003Ctd>L\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,50%\u003C\u002Ftd>\u003Ctd>1,6\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>98%\u003C\u002Ftd>\u003Ctd>2,5%\u003C\u002Ftd>\u003Ctd>182% 120%\u003C\u002Ftd>\u003Ctd>214% 120%\u003C\u002Ftd>\u003Ctd>3.944\u003C\u002Ftd>\u003Ctd>1,87\u003C\u002Ftd>\u003Ctd>0,54%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>HF Engenharia\u003C\u002Ftd>\u003Ctd>L\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>15,00%\u003C\u002Ftd>\u003Ctd>2,3\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>1,7%\u003C\u002Ftd>\u003Ctd>165% 120%\u003C\u002Ftd>\u003Ctd>154% 120%\u003C\u002Ftd>\u003Ctd>1.630\u003C\u002Ftd>\u003Ctd>1,05\u003C\u002Ftd>\u003Ctd>0,31%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">Pride II C\u003C\u002Ftd>\u003Ctd>SUB\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,79%\u003C\u002Ftd>\u003Ctd>3,2\u003C\u002Ftd>\u003Ctd>0%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA 105%\u003C\u002Ftd>\u003Ctd>N\u002FA 110%\u003C\u002Ftd>\u003Ctd>974\u003C\u002Ftd>\u003Ctd>0,92\u003C\u002Ftd>\u003Ctd>0,27%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pride II\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>0%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA 105%\u003C\u002Ftd>\u003Ctd>N\u002FA 110%\u003C\u002Ftd>\u003Ctd>982\u003C\u002Ftd>\u003Ctd>0,80\u003C\u002Ftd>\u003Ctd>0,23%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reiter Log\u003C\u002Ftd>\u003Ctd>C\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>1,2\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA N\u002FA\u003C\u002Ftd>\u003Ctd>N\u002FA N\u002FA\u003C\u002Ftd>\u003Ctd>1.075\u003C\u002Ftd>\u003Ctd>0,52\u003C\u002Ftd>\u003Ctd>0,15%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">Araguaína Park L\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>11,50%\u003C\u002Ftd>\u003Ctd>3,5\u003C\u002Ftd>\u003Ctd>3%\u003C\u002Ftd>\u003Ctd>96%\u003C\u002Ftd>\u003Ctd>4,1%\u003C\u002Ftd>\u003Ctd>1099% 120%\u003C\u002Ftd>\u003Ctd>1369% 120%\u003C\u002Ftd>\u003Ctd>2.028\u003C\u002Ftd>\u003Ctd>0,49\u003C\u002Ftd>\u003Ctd>0,14%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">União do Lago L\u003C\u002Ftd>\u003Ctd>Sr\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>8,25%\u003C\u002Ftd>\u003Ctd>2,5\u003C\u002Ftd>\u003Ctd colspan=\"3\">100% 100% 3,2%\u003C\u002Ftd>\u003Ctd>691% 130%\u003C\u002Ftd>\u003Ctd>766% 130%\u003C\u002Ftd>\u003Ctd>765\u003C\u002Ftd>\u003Ctd colspan=\"2\">0,35 0,10%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"2\">União do Lago L\u003C\u002Ftd>\u003Ctd>Sub\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd colspan=\"2\">12,08% 2,4\u003C\u002Ftd>\u003Ctd colspan=\"3\">100% 100% 3,2%\u003C\u002Ftd>\u003Ctd>459% 130%\u003C\u002Ftd>\u003Ctd>513% 130%\u003C\u002Ftd>\u003Ctd>327\u003C\u002Ftd>\u003Ctd colspan=\"2\">0,17 0,05%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"6\">12,53% 1,7\u003C\u002Ftd>\u003Ctd colspan=\"3\">\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd colspan=\"2\">276,13 80,48%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>Notas:\u003C\u002Fp>\u003Cp>1. C = Corporativo, L = Loteamento, M = Multipropriedade e S = Shopping;\u003C\u002Fp>\u003Cp>2. Confira a legenda do Rating na seção Monitoramento de Performance e Riscos dos CRIs do Anexo I – Modelo de Operação do Fundo presente neste relatório.\u003C\u002Fp>\u003Cp>3. “N\u002FA” (Não se aplica): Operações classificadas como “Corporativo”, ou seja, não possuem carteira de recebíveis como lastro, mas um título de dívida emitido pela(s) cedente(s) fiduciante(s), ou que a divulgação de seu indicador não consta no termo de securitização.\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio – Fundos\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>Fundo\u003C\u002Ftd>\u003Ctd>Tipo\u003C\u002Ftd>\u003Ctd>Segmento\u003C\u002Ftd>\u003Ctd>Custo (R$ MM)\u003C\u002Ftd>\u003Ctd>Quantidade de Cotas\u003C\u002Ftd>\u003Ctd>Posição (R$ MM)\u003C\u002Ftd>\u003Ctd>% do PL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd colspan=\"7\">Loteamentos & Lote M² FII 7,70 7.287.686 8,42 2,45% Loteadoras\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>XBXO11 - RCap 1810 FoF\u003C\u002Ftd>\u003Ctd>FII\u003C\u002Ftd>\u003Ctd>Shopping\u003C\u002Ftd>\u003Ctd>24,50\u003C\u002Ftd>\u003Ctd>245.000\u003C\u002Ftd>\u003Ctd>2,13\u003C\u002Ftd>\u003Ctd>0,62%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>Obs:\u003C\u002Fstrong> Não há incidência de taxa de gestão sobre a parcela do patrimônio líquido referente ao \u003Cstrong>XBXO11 – R Cap 1810 FoF FII\u003C\u002Fstrong> e ao \u003Cstrong>Lote M² FII\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Portfólio – A receber\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Custo\u003C\u002Fth>\u003Cth>Valor recebido\u003C\u002Fth>\u003Cth>Posição\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Objeto\u003C\u002Ftd>\u003Ctd>(R$ MM)\u003C\u002Ftd>\u003Ctd>(R$ MM)\u003C\u002Ftd>\u003Ctd>(R$ MM)\u003C\u002Ftd>\u003Ctd>% do PL\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI STX 37\u003C\u002Ftd>\u003Ctd>3,50\u003C\u002Ftd>\u003Ctd>1,13\u003C\u002Ftd>\u003Ctd>3,45\u003C\u002Ftd>\u003Ctd>1,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI Solar das Águas\u003C\u002Ftd>\u003Ctd>24,12\u003C\u002Ftd>\u003Ctd>24,13\u003C\u002Ftd>\u003Ctd>19,5923,04\u003C\u002Ftd>\u003Ctd>5,71%6,72%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ctable>\u003Ctr>\u003Ctd colspan=\"4\">União do Lago – Sênior e Subordinada\u003C\u002Ftd>\u003Ctd colspan=\"2\">IF: [Sr.] 21A0796003; [Sub.] 21A0796004\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Segmento:\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>Garantias:\u003C\u002Ftd>\u003Ctd>Comentários:\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Localização: Vencimento:\u003C\u002Ftd>\u003Ctd>MT 20\u002F12\u002F2027\u003C\u002Ftd>\u003Ctd>Cessão fiduciária dos recebíveis oriundos da comercialização das unidades do empreendimento (créditos não elegíveis e de vendas\u003C\u002Ftd>\u003Ctd>Em julho, foram registradas 0 vendas líquidas e a inadimplência acumulada encerrou o mês em 3,2%.\u003C\u002Ftd>\u003Ctd rowspan=\"3\">\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>futuras); Alienação fiduciária da totalidade das quotas da desenvolvedora do empreendimento; e\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Cupom:\u003C\u002Ftd>\u003Ctd>IPCA + 8,25% a.a. IPCA + 12,08% a.a.\u003C\u002Ftd>\u003Ctd>Fiança, dos sócios pessoas físicas da desenvolvedora do empreendimento.\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_8_image_9.jpg\">\u003C\u002Fp>\u003Cp>Notas:\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>C = Corporativo, L = Loteamento, M = Multipropriedade, S = Shopping, e I = Incorporação Vertical;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Confira a legenda do Rating na seção Monitoramento de Performance e Riscos dos CRIs do Anexo I – Modelo de Operação do Fundo presente neste relatório.\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>“N\u002FA” (Não se aplica): Operações classificadas como “Corporativo”, ou seja, não possuem carteira de recebíveis como lastro, mas um título de dívida emitido pela(s) cedente(s) fiduciante(s), ou que a divulgação de seu indicador não consta no termo de securitização.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>Resort do Lago Park – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_9_image_4.jpg\">\u003C\u002Fp>\u003Cp>GPK – A e B\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_9_image_6.jpg\">\u003C\u002Fp>\u003Ch3>WAM Holding – A e B\u003C\u002Fh3>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_9_image_10.jpg\">\u003C\u002Fp>\u003Cp>Lazer e Turismo\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Múltiplas\u003C\u002Fp>\u003Cp>22\u002F07\u002F2030\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 8,50% a.a. IPCA + 11,50% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Lazer e Turismo\u003C\u002Fp>\u003Cp>Múltiplas\u003C\u002Fp>\u003Cp>20\u002F12\u002F2027\u003C\u002Fp>\u003Cp>IPCA + 9,06% a.a. IPCA + 13,06% a.a.\u003C\u002Fp>\u003Ch3>IF: [Sr.] 19L0882537, 19L0882538, 19L0882539; [Sub.] 19L0882549, 19L0882550, 19L0882551\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Segmento:\u003C\u002Fth>\u003Cth>Resort Multipropriedade\u003C\u002Fth>\u003Cth>Garantias:\u003C\u002Fth>\u003Cth>Comentários:\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Localização:\u003C\u002Ftd>\u003Ctd>GO\u003C\u002Ftd>\u003Ctd>V V\u003C\u002Ftd>\u003Ctd>A reestruturação, definida em assembleia geral dos Cessão fiduciária dos recebíveis atuais e futuros; titulares dos CRIs, deliberou, dentre os principais Fiança e coobrigação das pessoas físicas sócias do\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>20\u002F12\u002F2029\u003C\u002Ftd>\u003Ctd>empreendimento;\u003C\u002Ftd>\u003Ctd>temas, a aprovação do pedido de waiver, que suspendeu os efeitos do vencimento antecipado da\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cupom:\u003C\u002Ftd>\u003Ctd>IGP-M + 13,00% a.a. IGP-M + 23,00% a.a.\u003C\u002Ftd>\u003Ctd>V\u003C\u002Ftd>\u003Ctd>Alienação fiduciária das quotas da SPE; operação e a concessão de carência para os Fundo de reserva equivalente a três parcelas de pagamento\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>pagamentos programados até setembro de 2026. (PMT) dos CRI; e\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Carência:\u003C\u002Ftd>\u003Ctd>set\u002F26\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Fundo de obra.\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>IF: [A] 20H0225977, 20H0225978; [B] 20H0225980, 20H0225981\u003C\u002Fh3>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Fiança das pessoas físicas sócias da devedora;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das ações da cedente;\u003C\u002Fp>\u003Cp>✓ Aval da Brasil Parques S.A; e\u003C\u002Fp>\u003Cp>✓ Fundo de obra.\u003C\u002Fp>\u003Ch3>Carência de Juros e Amortização:\u003C\u002Fh3>\u003Cp>20H0225977: até jul\u002F26 20H0225978: até jul\u002F26 20H0225980: até jul\u002F26 20H0225981: até jul\u002F26\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária da receita das empresas do grupo;\u003C\u002Fp>\u003Cp>✓ Fiança da pessoa jurídica controladora;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das ações da cedente e empresas controladas;\u003C\u002Fp>\u003Cp>✓ Fundo de reserva; e\u003C\u002Fp>\u003Cp>✓ Fundo de obra.\u003C\u002Fp>\u003Cp>■ 20L0504499: juros e amortização até dez\u002F25\u003C\u002Fp>\u003Cp>▪ 20L0505084: amortização até dez\u002F27, juros até dez\u002F25\u003C\u002Fp>\u003Cp>▪ 20L0505190: amortização até dez\u002F27, juros até dez\u002F25\u003C\u002Fp>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia geral dos titulares dos CRIs, deliberou, dentre os principais temas a concessão de carência para os pagamentos programados até julho de 2026.\u003C\u002Fp>\u003Ch3>IF: [A] 20L0504499; [B] 20L0505084, 20L0505190\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia, deliberou, dentre alguns temas: a extensão do período de carência do pagamento de juros até dezembro de 2025. Em discussão a renegociação da operação.\u003C\u002Fp>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>GPK II – Única\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_10_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Lazer e Turismo\u003C\u002Fp>\u003Cp>Múltiplas\u003C\u002Fp>\u003Cp>22\u002F07\u002F2030\u003C\u002Fp>\u003Cp>IPCA + 10,00% a.a.\u003C\u002Fp>\u003Ch3>Eco Resort – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_10_image_14.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Resort\u003C\u002Fp>\u003Cp>Multipropriedade\u003C\u002Fp>\u003Cp>Caldas Novas - GO\u003C\u002Fp>\u003Cp>20\u002F12\u002F2031\u003C\u002Fp>\u003Cp>IPCA + 9,50% a.a. IPCA + 14,50% a.a.\u003C\u002Fp>\u003Ch3>Solar das Águas – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_10_image_25.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Resort\u003C\u002Fp>\u003Cp>Multipropriedade\u003C\u002Fp>\u003Cp>Olímpia – SP\u003C\u002Fp>\u003Cp>20\u002F11\u002F2025\u003C\u002Fp>\u003Cp>IPCA + 9,50% a.a.\u003C\u002Fp>\u003Cp>IPCA + 16,64% a.a.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Cessão fiduciária do excedente mensal dos empreendimentos que levantarem recursos via CRI; e\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das ações da cedente e dos empreendimentos que constituírem garantias das operações.\u003C\u002Fp>\u003Cp>\u003Cstrong>Carência de Juros e Amortização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>▪ 21 G0064620: até jul\u002F26\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis lastro atuais e oriundos de vendas futuras;\u003C\u002Fp>\u003Cp>✓ Fiança, constituída por todos os acionistas pessoas jurídicas da cedente;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária da totalidade das ações da cedente;\u003C\u002Fp>\u003Cp>✓ Hipoteca do empreendimento.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Fiança das pessoas físicas sócias do empreendimento;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das ações da cedente;\u003C\u002Fp>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Ch3>IF: 21 G0064620\u003C\u002Fh3>\u003Cp>✓ Fundo de obra.\u003C\u002Fp>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>✓ Fundo de reserva equivalente a duas parcelas de pagamento (PMT) dos CRI; e\u003C\u002Fp>\u003Ch3>IF: [Sr.] 21 H0042096; [Sub.] 21 H0042097\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia geral dos titulares dos CRIs, deliberou, dentre os principais temas, a aprovação do pedido de waiver, que suspendeu os efeitos do vencimento antecipado da operação e a concessão de carência para os pagamentos programados até julho de 2026.\u003C\u002Fp>\u003Cp>Ao longo do mês de julho, foram registradas 279 vendas líquidas positivas no período. A inadimplência acumulado encerrou o mês em 6,8%. Em julho foi aprovado carência do principal até abril\u002F27.\u003C\u002Fp>\u003Ch3>IF: [Sr.] 19K1139243; [Sub.] 19K1139247, 19K1139248\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>Operação em execução.\u003C\u002Fp>\u003Cp>Ao longo do mês, o resultado de vendas líquidas foi negativo em 8 unidades. A inadimplência acumulada encerrou o mês em 0,84%.\u003C\u002Fp>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>OP Resort – Sênior e Subordinada\u003C\u002Fh3>\u003Ctable>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Segmento:\u003C\u002Ftd>\u003Ctd>Resort Garantias: Multipropriedade\u003C\u002Ftd>\u003Ctd>Comentários:\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Localização:\u003C\u002Ftd>\u003Ctd>BA\u003C\u002Ftd>\u003Ctd>Em julho, houve 86 vendas líquidas positivas no ✓Alienação fiduciária das cotas da cedente; período. A inadimplência acumulada no mês foi de Fiança dos sócios pessoa jurídica;\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Vencimento:\u003C\u002Ftd>\u003Ctd>22\u002F09\u002F2031 V\u003C\u002Ftd>\u003Ctd>5,6%. Cessão fiduciária dos créditos atuais e futuros do\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>empreendimento; Fundo de Reserva; e\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Cupom:\u003C\u002Ftd>\u003Ctd>IPCA + 9,00% a.a. IPCA + 15,67% a.a. Fiança. V\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftable>\u003Ch3>Circuito das Compras – Sênior\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_11_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Gran Viver – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Shopping Center\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>SP\u003C\u002Fp>\u003Cp>20\u002F10\u002F2040\u003C\u002Fp>\u003Cp>IPCA + 8,00% a.a.\u003C\u002Fp>\u003Cp>Loteamento Residencial\u003C\u002Fp>\u003Cp>MG\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_11_image_21.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>20\u002F10\u002F2032\u003C\u002Fp>\u003Cp>IPCA + 11,00% a.a. IPCA + 15,20% a.a.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Seguro performance da obra cobrindo 30% do valor residual da obra;\u003C\u002Fp>\u003Cp>✓ Alienação de 90% das ações da devedora;\u003C\u002Fp>\u003Cp>✓ Cessão fiduciária da conta vinculada dos recebíveis do empreendimento;\u003C\u002Fp>\u003Cp>✓ Cessão fiduciária dos créditos dos contratos atípicos de cessão de direitos de bens imateriais;\u003C\u002Fp>\u003Cp>✓ Fundo reserva.\u003C\u002Fp>\u003Cp>▪ 20G0684776: 40% de juros até dez\u002F24, 25% até dez\u002F25\u003C\u002Fp>\u003Cp>\u003Cstrong>Carência de Juros :\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>IF: [Sr.] 21 G0511750; [Sub.] 21 G0511751\u003C\u002Fh3>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Alienação fiduciária de 100% das ações da Gran Viver Urbanismo S\u002FA;\u003C\u002Fp>\u003Cp>✓ Fundo de liquidez; e\u003C\u002Fp>\u003Cp>✓ Fundo de reserva.\u003C\u002Fp>\u003Ch3>IF: 20G0684776\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>No mês, os recebimentos totalizaram R$ 6,49 MM, dos quais R$ 6,18 MM foram provenientes de contratos de locação.\u003C\u002Fp>\u003Ch3>IF: [Sr.] 21J0989453; [Sub.] 21J0989842\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia geral dos titulares dos CRIs, deliberou, dentre os principais temas, a aprovação do pedido de waiver, que suspendeu os efeitos do vencimento antecipado da operação e a concessão de carência para os pagamentos programados até fevereiro de 2025. Em discussão a renegociação da operação.\u003C\u002Fp>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>Reiter Log – Sênior\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_12_image_4.jpg\">\u003C\u002Fp>\u003Ch3>Brasil Parques – A e B\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_12_image_6.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Pride II – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_12_image_16.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Galpão Logístico\u003C\u002Fp>\u003Cp>RS\u003C\u002Fp>\u003Cp>20\u002F12\u002F2028\u003C\u002Fp>\u003Cp>IPCA + 9,00% a.a.\u003C\u002Fp>\u003Cp>Parques e Lazer\u003C\u002Fp>\u003Cp>Múltiplos\u003C\u002Fp>\u003Cp>22\u002F07\u002F2030\u003C\u002Fp>\u003Cp>IPCA + 9,25% a.a. IPCA + 10,50% a.a.\u003C\u002Fp>\u003Cp>Corporativo\u003C\u002Fp>\u003Cp>(Incorporação\u003C\u002Fp>\u003Cp>Vertical)\u003C\u002Fp>\u003Cp>Múltiplos\u003C\u002Fp>\u003Cp>20\u002F02\u002F2034\u003C\u002Fp>\u003Cp>IPCA + 13,79% a.a. IPCA + 10% a.a.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Alienação Fiduciária do Empreendimento;\u003C\u002Fp>\u003Cp>✓ Aval, constituído pelo sócio pessoa física da Cedente;\u003C\u002Fp>\u003Cp>✓ Aval, constituído pelas pessoas jurídicas: Estância Del Sur Agropecuária Eireli e Reiter Transportes e Logística LTDA.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Fiança dos empreendimentos: Arc Big Eye Parques Temáticos e de Diversão Ltda. e Gramado Promoção de Vendas Ltda. (“GPV”);\u003C\u002Fp>\u003Cp>✓ Cessão fiduciária de 100% da receita dos empreendimentos da devedora;\u003C\u002Fp>\u003Cp>Alienação fiduciária das ações da devedora; e\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária dos imóveis que constituírem garantias da operação.\u003C\u002Fp>\u003Cp>\u003Cstrong>Carência de Juros e Amortização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>▪ 21 H0769214: até jul\u002F26\u003C\u002Fp>\u003Cp>▪ 21 H0769216: até jul\u002F26\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária de direitos econômicos\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária de cotas\u003C\u002Fp>\u003Cp>✓ Fundo de reserva\u003C\u002Fp>\u003Cp>✓ Fundo de despesas\u003C\u002Fp>\u003Cp>✓ Fundo de obras\u003C\u002Fp>\u003Cp>✓ Fundo de aquisição\u003C\u002Fp>\u003Ch3>IF: [Sr.] 21 L1012230\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A operação realizou todos os pagamentos previstos.\u003C\u002Fp>\u003Ch3>IF: [A] 21 H0769214; [B] 21 H0769216\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia geral dos titulares dos CRIs, deliberou, dentre os principais temas, a aprovação do pedido de waiver, que suspendeu os efeitos do vencimento antecipado da operação e definiu a carência dos pagamentos programados até julho de 2026.\u003C\u002Fp>\u003Ch3>IF: [Sr.] 24B2057932, [Sub.] 24B2057933\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A Pride é uma construtora de Curitiba com mais de 12 anos de experiência, especializada em construção residencial. A empresa opera em três Estados, com foco principal no Paraná.\u003C\u002Fp>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>Loteamentos Goiás – Mezanino\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_13_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>GO\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong> 22\u002F06\u002F2037\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>10,00% a.a.\u003C\u002Fp>\u003Ch3>Recanto dos Pássaros – Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_13_image_13.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>EDA – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_13_image_19.jpg\">\u003C\u002Fp>\u003Cp>Guaíba\u002FRS\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>22\u002F02\u002F2030\u003C\u002Fp>\u003Cp>IPCA + 11,50% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Resort Multipropriedade\u003C\u002Fp>\u003Cp>GO\u003C\u002Fp>\u003Cp>20\u002F09\u002F2027\u003C\u002Fp>\u003Cp>IGP-M + 10,00% a.a. IGP-M + 18,00% a.a.\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Fiança das pessoas físicas sócias dos empreendimentos;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das quotas de companhia;\u003C\u002Fp>\u003Cp>✓ Fundo de reserva no valor dos dois próximos pagamentos (PMT) dos CRIs; e\u003C\u002Fp>\u003Cp>✓ Fundo de obras.\u003C\u002Fp>\u003Cp>\u003Cstrong>Carência:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>✓ 20F0736291: amortização até jun\u002F37, juros até jan\u002F24\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Fiança dos sócios do empreendimento;\u003C\u002Fp>\u003Cp>Cessão Fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Alienação Fiduciária das cotas da Cedente;\u003C\u002Fp>\u003Cp>✓ Fundo de Reserva no valor de 2 parcelas de PMT\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e das vendas futuras;\u003C\u002Fp>\u003Cp>✓ Fiança dos sócios pessoas físicas em empreendimento;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das quotas do contratante;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária do empreendimento; e\u003C\u002Fp>\u003Cp>✓ Fundo de reserva no valor dos dois próximos pagamentos (PMT) dos CRI.\u003C\u002Fp>\u003Ch3>IF: 20F0736291\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>Em julho, o resultado de vendas foi de 7 vendas líquidas negativas. A inadimplência acumulada foi de 6,4%. Em discussão a renegociação da operação.\u003C\u002Fp>\u003Ch3>IF: 22B0679129\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>No mês de julho, foram registradas 7 vendas líquidas positivas. A inadimplência acumulada encerrou o mês em 2,49%.\u003C\u002Fp>\u003Ch3>IF: [Sr.] 19J0713616; [Sub.] 19J0713620\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>A reestruturação, definida em assembleia geral dos titulares dos CRIs, deliberou, dentre os principais temas, a aprovação do pedido de waiver, que suspendeu os efeitos do vencimento antecipado da operação e a concessão de carência para os pagamentos programados até setembro de 2026.\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Portfólio Detalhado – CRIs\u003C\u002Fh3>\u003Ch3>HF Engenharia – Sênior e Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_14_image_4.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>PA\u003C\u002Fp>\u003Cp>20\u002F01\u002F2032\u003C\u002Fp>\u003Cp>IPCA + 10,00% a.a. IPCA + 15,00% a.a.\u003C\u002Fp>\u003Ch3>Araguaína Park– Subordinada\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_14_image_14.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Localização:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Vencimento:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Cupom:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Palmas\u002FTO\u003C\u002Fp>\u003Cp>20\u002F08\u002F2036\u003C\u002Fp>\u003Cp>IPCA + 11,50% a.a.\u003C\u002Fp>\u003Ch3>IF: [Sr.] 22A0933905; [Sub.] 22A0933906; [Sr.] 22A0933909; [Sub.] 22A0933910\u003C\u002Fh3>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Coobrigação dos Sócios;\u003C\u002Fp>\u003Cp>✓ Cessão Fiduciária de créditos atuais e vendas futuras;\u003C\u002Fp>\u003Cp>✓ Fiança de Sócios PF e PJ\u003C\u002Fp>\u003Cp>✓ Alienação Fiduciária de Quotas da Cedente\u003C\u002Fp>\u003Cp>✓ Fundo de Reserva no valor de 2 parcelas de PMT\u003C\u002Fp>\u003Ch3>Garantias:\u003C\u002Fh3>\u003Cp>✓ Cessão fiduciária dos recebíveis atuais e futuros;\u003C\u002Fp>\u003Cp>✓ Fiança dos sócios do empreendimento;\u003C\u002Fp>\u003Cp>✓ Alienação fiduciária das cotas da cedente; e\u003C\u002Fp>\u003Cp>✓ Fundo de Reserva no valor de 2 parcelas de PMT\u003C\u002Fp>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>No mês de julho, foi reportada 0 venda líquida no período e inadimplência acumulada finalizou o mês em 1,7%.\u003C\u002Fp>\u003Ch3>IF: 21 H0853780\u003C\u002Fh3>\u003Ch3>Comentários:\u003C\u002Fh3>\u003Cp>No mês de julho, foram reportadas 23 vendas líquida negativa no período. A inadimplência acumulada finalizou o mês em 4,1%.\u003C\u002Fp>\u003Ch3>MODELO DE OPERAÇÃO DO FU N DO\u003C\u002Fh3>\u003Cp>RCAP\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Processo de Escolha de Projetos (CRI)\u003C\u002Fh3>\u003Cp>\u003Cstrong>Tipo e atuação:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Indicações internas, de outras casas ou empreendedores.\u003C\u002Fp>\u003Cp>\u003Cstrong>Validação de oportunidade:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>▪ Tese de investimento (Potencial da região, diversificação do fundo, etc);\u003C\u002Fp>\u003Cp>▪ Histórico de vendas \u002F Expectativa;\u003C\u002Fp>\u003Cp>\u003Cstrong>Quantificação do risco-retorno:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>▪ Validação de taxas.\u003C\u002Fp>\u003Cp>▪ Avaliação de garantias.\u003C\u002Fp>\u003Cp>▪ Negociação.\u003C\u002Fp>\u003Cp>▪ Cronograma físico-financeiro.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_16_chart_13.jpg\">\u003C\u002Fp>\u003Cp>▪ Proposta comercial.\u003C\u002Fp>\u003Cp>\u003Cstrong>Execução e conclusão:\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>▪ Closing.\u003C\u002Fp>\u003Cp>▪ Diligência completa.\u003C\u002Fp>\u003Cp>▪ Aprovação do administrador fiduciário.\u003C\u002Fp>\u003Cp>▪ Envio de recurso.\u003C\u002Fp>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Processo de Gestão de CRI\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_17_image_3.jpg\">\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>Pesquisa de mercado para confirmação de demanda;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Modelagem proprietária considerando cenário de stress;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Avaliação de engenheiro indicado pelo Fundo;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Due diligence legal;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Due diligence de formalização dos recebíveis em 100% da carteira;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Análise de crédito Pessoa Física;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Controle de pagamentos em conta escrow realizado por agente de garantia indicado pelo Fundo; e\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Espelhamento e cobrança dos recebíveis por servicer indicada pelo Fundo.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>Monitoramento de Performance e Riscos dos CRIs\u003C\u002Fh3>\u003Cp>Evolução do Investimento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_18_chart_4.jpg\">\u003C\u002Fp>\u003Cp>Cobertura das PMTs\u003C\u002Fp>\u003Cp>Cobertura da Garantia\u003C\u002Fp>\u003Cp>Razão de fluxo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_18_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Razão de garantia Valor mínimo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_18_image_10.jpg\">\u003C\u002Fp>\u003Ch3>Principais indicadores monitorados \u003Csup>1\u003C\u002Fsup>\u003C\u002Fh3>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd colspan=\"2\">Evolução do Investimento\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Processo\u003C\u002Ftd>\u003Ctd>Indicador de Risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fluxo financeiro\u003C\u002Ftd>\u003Ctd>Razão do saldo devedor e razão do fluxo (PMTs), Total do faturamento esperado vs recebido(%)\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd colspan=\"2\">Acompanhamento do Ativo\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Processo\u003C\u002Ftd>\u003Ctd>Indicadores de Risco\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Status do empreendimento\u003C\u002Ftd>\u003Ctd>Obras, vendas, índice de inadimplência (aging), LTV\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Cp>GLOSSÁRIO\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Alienação Fiduciária das Cotas do SPE\u003C\u002Fth>\u003Cth>As cotas do SPE são alienadas fiduciariamente para o CRI e a securitizadora tem a prerrogativa de tomar posse da empresa caso a dívida não seja honrada\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>CRI:\u003C\u002Ftd>\u003Ctd>Certificado de Recebíveis Imobiliários\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dividend Yield:\u003C\u002Ftd>\u003Ctd>Métrica de rentabilidade das distribuição de lucros (Distribuição de rendimentos \u002F Valor da Cota)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Duration:\u003C\u002Ftd>\u003Ctd>Prazo médio no qual o detentor de um título irá recuperar o investimento feito ao adquirir o papel. Quanto maior a indicador, mais tempo o investidor vai levar para receber de volta o montante investido no ativo.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fee:\u003C\u002Ftd>\u003Ctd>Taxa cobrada sobre o serviço prestado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Índice de Inadimplência: Valores Vencidos da Carteira \u002F Valor Total da Carteira\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lastro Pulverizado:\u003C\u002Ftd>\u003Ctd>São contratos que possuem diversos devedores (mutuários).\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lastro Corporativo:\u003C\u002Ftd>\u003Ctd>São contratos que possuem uma única empresa ou grupo como principal devedora.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pipeline:\u003C\u002Ftd>\u003Ctd>Portfólio de projetos (atuais, novos e suas respectivas fases)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>POC:\u003C\u002Ftd>\u003Ctd>Percentage of Completion - método de cálculo para reconhecimento de receita que ocorre conforme evolução de obra.\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>Taxa de Distrato:\u003C\u002Ftd>\u003Ctd>Total de Cotas Canceladas \u002F Total de Cotas Vendidas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Valor dos créditos recebidos pelo projeto, na conta corrente\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"4\">Razão PMT:\u003C\u002Ftd>\u003Ctd>do patrimônio separado do CRI, dividido pelo valor da PMT\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>do CRI. Quanto maior este percentual, maior a segurança da\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>operação.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Valor presente de todos os recebíveis elegíveis cedidos a\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"3\">Razão Saldo Devedor:\u003C\u002Ftd>\u003Ctd>operação (durante o prazo da operação e após o prazo da\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>operação) dividido pelo saldo devedor líquido do Fundo de\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reserva.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>UH:\u003C\u002Ftd>\u003Ctd>Unidade Habitacional\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"2\">Vendas Líquidas:\u003C\u002Ftd>\u003Ctd>Quantidade de total de cotas vendidas excluindo\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>cancelamentos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>VGV:\u003C\u002Ftd>\u003Ctd>Valor Geral de Vendas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"2\">YoY:\u003C\u002Ftd>\u003Ctd>Year over Year (\"Comparação do ano atual contra o ano\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>anterior\")\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"2\">Gross-up:\u003C\u002Ftd>\u003Ctd>Cálculo que desconta o efeito de impostos em valores brutos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>de investimentos para chegar aos valores líquidos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"4\">Timeshare:\u003C\u002Ftd>\u003Ctd>Contrato por um período determinado para uso e gozo do\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>bem\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa média diária dos DI - Depósitos Interfinanceiros de um\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>dia, over extra grupo, expressa na forma percentual ao ano,\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd rowspan=\"3\">Taxa DI:\u003C\u002Ftd>\u003Ctd>base 252 (duzentos e cinquenta e dois) dias úteis, calculados\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>de forma exponencial e cumulativa pro rata temporis por dias\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>úteis decorridos\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>VERSALHES RI FII | Relatório Gerencial\u003C\u002Fh3>\u003Ch3>FAQ\u003C\u002Fh3>\u003Cp>\u003Cstrong>Como é calculado o valor patrimonial?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>O Valor Patrimonial do fundo é calculado pela soma das disponibilidades e valor de mercado dos CRIs e equities menos despesas:\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_20_chart_5.jpg\">\u003C\u002Fp>\u003Cp>•\u003Cstrong>Disponibilidades:\u003C\u002Fstrong> Valores em conta corrente, investidos em Tesouro Selic (antiga LFT) ou Fundo de Renda Fixa referenciado DI;\u003C\u002Fp>\u003Ch3>• CRIs:\u003C\u002Fh3>\u003Cp>•\u003Cstrong>Valor de Compra\u003C\u002Fstrong>: Quantia desembolsada para a compra dos CRIs;\u003C\u002Fp>\u003Cp>•\u003Cstrong>Correção Monetária:\u003C\u002Fstrong> Correção do valor nominal dos CRIs devido aos índices de inflação (IPCA ou IGP-M a depender do CRI);\u003C\u002Fp>\u003Cp>•\u003Cstrong>Juros:\u003C\u002Fstrong> Receitas provenientes do cupom pré fixado dos CRIs;\u003C\u002Fp>\u003Cp>•\u003Cstrong>Reprecificação (MaM):\u003C\u002Fstrong> Variação teórica dos preços dos papéis aplicado pela Administradora. Como curva teórica livre de risco, a Vórtx utiliza o fechamento da NTN-B, de vencimento mais próximo do duration do CRI. Pode ser positiva ou negativa.\u003C\u002Fp>\u003Ch3>• Equities:\u003C\u002Fh3>\u003Cp>• \u003Cstrong>Valor de avaliação\u003C\u002Fstrong>: Existem três métodos para a avaliação de equities: 1) Método de custo, soma de todo valor investido; 2) MEP – Método de Equivalência Patrimonial, que consiste em atualizar o valor investido somando-se lucro ou prejuízo; 3) Laudo, que consiste na estipulação do valor do ativo através de uma avaliação realizada por empresa especializada;\u003C\u002Fp>\u003Cp>• \u003Cstrong>Despesas:\u003C\u002Fstrong> Provisões como taxas de administração, escrituração, gestão, entre outras.\u003C\u002Fp>\u003Cp>\u003Cstrong>É obrigatória a participação dos cotistas nas Assembleias?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A participação dos cotistas não é obrigatória, porém é recomendada.\u003C\u002Fp>\u003Cp>\u003Cstrong>Como faço para me cadastrar no mailing do fundo?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Basta acessar o site: \u003Cstrong>https:\u002F\u002Fwww.rcap-asset.com.br\u002Fmailing\u003C\u002Fstrong> e preencher o formulário.\u003C\u002Fp>\u003Cp>Se preferir, é possível encontrar as informações e relatórios no link \u003Cstrong>VSLH11\u003C\u002Fstrong>, do canal oficial do Fundos NET da B3.\u003C\u002Fp>\u003Ch3>FAQ\u003C\u002Fh3>\u003Cp>\u003Cstrong>Onde encontrar o informe de rendimentos para declaração de imposto de renda anual?\u003C\u002Fstrong>\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>Acesse o \u003Cstrong>\u003Cu>portal.vortx.com.br\u003C\u002Fu>\u003C\u002Fstrong>;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Entre com login e senha, complete o cadastro validando seus dados;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Faça o download; e\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Caso tenha dificuldades ou precise de algum auxílio, envie um e-mail para \u003Cstrong>relacionamento@vortx\u003C\u002Fstrong>\u003Cstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>com\u003C\u002Fstrong>\u003Cstrong>\u003Cu>.\u003C\u002Fu>\u003C\u002Fstrong>\u003Cstrong>br\u003C\u002Fstrong>\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch3>Quando os recibos oriundos das ofertas se transformam em cotas?\u003C\u002Fh3>\u003Cp>\u003Cstrong>De 2 a 5 Dias Úteis\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>De 2 a 5 Dias Úteis\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Comunicado do Encerramento da Oferta\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_21_image_12.jpg\">\u003C\u002Fp>\u003Cp>Informativo sobre a quantidade de cotas subscritas e valor total captado\u003C\u002Fp>\u003Cp>\u003Cstrong>Divulgação do rendimento pró-rata dos recibos no mês subsequente\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Ocorre no 5º Dia Útil do mês, juntamente com a divulgação dos dividendos\u003C\u002Fp>\u003Cp>\u003Cstrong>Comunicado de Conversão de Recibos em Cotas\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Informativo sobre a data de conversão dos recibos em cotas e respectivo início de negociação\u003C\u002Fp>\u003Cp>\u003Cstrong>Conversão dos recibos em cotas\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Data em que os recibos são convertidos em cotas, sendo liberadas para negociação\u003C\u002Fp>\u003Ch3>Quais são as condições para isenção de Imposto de Renda?\u003C\u002Fh3>\u003Cp>O investidor pessoa física recebe rendimentos isentos do Imposto de Renda, caso observadas as seguintes condições: (i) os Cotistas do Fundo não sejam titulares de montante igual ou superior a 10% (dez por cento) das Cotas do Fundo; (ii) as respectivas Cotas não derem direitos a rendimentos superiores a 10% do total de rendimentos auferidos pelo Fundo; (iii) o Fundo receba investimento de, no mínimo, 50 (cinquenta) Cotistas; e (iv) as Cotas, quando admitidas a negociação no mercado secundário, sejam negociadas exclusivamente em bolsas de valores ou mercado de balcão organizado.\u003C\u002Fp>\u003Ch3>Como é calculada a Taxa de Performance?\u003C\u002Fh3>\u003Cp>A Taxa de Performance (“TP”) é apurada e provisionada diariamente na base 252 e paga semestralmente.\u003C\u002Fp>\u003Cp>A TP corresponde a 20% sobre o Resultado do Fundo (“R”) que exceda a variação acumulada do IPCA (com dois meses de defasagem para coincidir com a correção monetária aplicada nos CRIs) mais 4,00% ao ano (“Benchmark”):\u003C\u002Fp>\u003Cp>• TP = 20% * (R – Benchmark) * Patrimônio Líquido\u003C\u002Fp>\u003Cp>Por sua vez, o Resultado do Fundo corresponde a soma da variação acumulada da cota patrimonial desde a cobrança da última TP mais os rendimentos distribuídos por cota no período:\u003C\u002Fp>\u003Cp>• R = [ (Cota Patrimonial Atual + Rendimentos Distribuídos) ÷ (Valor da Cota Base) ] – 1\u003C\u002Fp>\u003Cp>Por fim, o Valor da Cota Base representa o valor inicial da cota utilizado na primeira integralização, no caso do primeiro período de apuração da TP, ou valor contábil da cota na data de última apuração da TP.\u003C\u002Fp>\u003Ch3>DISCLAIMER\u003C\u002Fh3>\u003Cp>Material meramente informativo destinado aos cotistas do fundo. Não deve ser entendido como colocação, distribuição, oferta, recomendação, análise de investimento ou de ativos, material publicitário ou solicitação de compra ou venda.\u003C\u002Fp>\u003Cp>A rentabilidade obtida no passado não representa garantia de rentabilidade futura. A rentabilidade divulgada não é líquida de impostos.\u003C\u002Fp>\u003Cp>O investimento em Fundo não é garantido pelo Fundo Garantidor de Crédito (FGC). Ao investidor é recomendada a leitura cuidadosa do prospecto, se houver, e do regulamento do Fundo. Fundos de Investimento Imobiliários são considerados produtos de investimento complexos nos termos da autorregulamentação.\u003C\u002Fp>\u003Cp>Verifique, de acordo com sua expertise, a conveniência em contratar consultores especializados e independentes para sua análise de investimento ou desinvestimento. O investimento em determinados ativos pelo Fundo pode sujeitar o investidor a significativas perdas patrimoniais.\u003C\u002Fp>\u003Cp>Rendimentos de fundos de investimento imobiliário negociados em bolsa ou mercado organizado podem ser isentos de imposto de renda na fonte sob determinadas circunstâncias, conforme definidas na legislação tributária. Consulte seu assessor legal a respeito.\u003C\u002Fp>\u003Cp>Autorregulação ANBIMA\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F15231\u002Fpage_21_image_36.jpg\">\u003C\u002Fp>\u003Cp>Gestão de Recursos\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FVSLH11\u002Fdocumentos\u002F15231\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1339306","2026-07-31","2026-10-02 19:13:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":88},"Relatório Gerencial VSLH11 de julho de 2026 | Kartac","Relatório Gerencial de julho de 2026 do VSLH11 (Versalhes Recebíveis Imobiliários), entrega em 02\u002F10\u002F2026. DY 12 meses de 19,47% e P\u002FVP 0,13 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSLH11\u002Fdocumentos\u002F15231","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,59,74],{"@type":25,"@id":26,"name":27,"url":28,"logo":29},"Organization","https:\u002F\u002Fwww.kartac.com.br\u002F#organizacao","Kartac","https:\u002F\u002Fwww.kartac.com.br\u002F","https:\u002F\u002Fwww.kartac.com.br\u002Fandroid-chrome-512x512.png",{"@type":31,"@id":32,"name":27,"url":28,"inLanguage":33,"publisher":34},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":26},{"@type":36,"@id":37,"url":19,"name":17,"description":18,"inLanguage":33,"isPartOf":38,"dateModified":39,"mainEntity":40,"breadcrumb":42},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSLH11\u002Fdocumentos\u002F15231#pagina",{"@id":32},"2026-11-01",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSLH11\u002Fdocumentos\u002F15231#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSLH11\u002Fdocumentos\u002F15231#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"temporalCoverage":50,"author":51,"publisher":57,"isBasedOn":12},"Report","Relatório Gerencial VSLH11 de julho de 2026",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSLH11#fundo","2026-10-02","2026-07",{"@type":25,"name":52,"identifier":53},"R CAPITAL ASSET MANAGEMENT INVESTIMENTOS S.A",{"@type":54,"propertyID":55,"value":56},"PropertyValue","CNPJ","33.962.328\u002F0001-48",{"@type":25,"name":58},"VÓRTX DTVM LTDA",{"@type":60,"@id":48,"name":61,"alternateName":62,"url":65,"category":66,"identifier":67,"provider":72},"InvestmentFund","Versalhes Recebíveis Imobiliários",[63,64],"VSLH11","VERSALHES RECEBÍVEIS IMOBILIÁRIOS FUNDO DE INVESTIMENTO IMOBILIÁRIO DE RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FVSLH11","Papel",[68,70],{"@type":54,"propertyID":69,"value":63},"Ticker B3",{"@type":54,"propertyID":55,"value":71},"36.244.015\u002F0001-42",{"@type":25,"name":52,"identifier":73},{"@type":54,"propertyID":55,"value":56},{"@type":75,"@id":43,"itemListElement":76},"BreadcrumbList",[77,80,84,86],{"@type":78,"position":15,"name":79,"item":28},"ListItem","Início",{"@type":78,"position":81,"name":82,"item":83},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":78,"position":85,"name":63,"item":65},3,{"@type":78,"position":87,"name":5,"item":19},4,{"atualizado_em":89,"frases":90},"2026-11-05",[91,92,93,94,95],"Relatório Gerencial do Versalhes Recebíveis Imobiliários (VSLH11), fundo imobiliário de papel, referente a julho de 2026, com entrega no FundosNet (B3) em 02\u002F10\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do VSLH11 fechou a R$ 1,50, com P\u002FVP de 0,13 (valor patrimonial de R$ 11,57 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,02 por cota, com pagamento em out\u002F2026, e o dividend yield dos últimos 12 meses é de 19,47% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 345,4 milhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":97,"empresa":98,"gestor":102,"cotacoes":108,"patrimonio":204,"vpa":205,"p_vpa":206,"tipo_gestao":207,"mandato":208,"segmento":209,"categoria":66,"grupo":66,"preco_atual":202,"cotacao_atualizada_em":210,"ultima_variacao_cotacao_24h":211,"variacao_cotacao_7d":212,"variacao_cotacao_1m":213,"variacao_cotacao_3m":214,"variacao_cotacao_6m":215,"variacao_cotacao_12m":216,"vacancia_fisica":208,"liquidez_atual":217,"ultimo_dividendo":218,"ultimo_dividend_yield":219,"mes_pagamento_ultimo_dividendo":220,"dividend_yield_3m":221,"dividend_yield_6m":222,"dividend_yield_12m":223,"dividend_yield_medio_12m":224,"qtd_dividendos_pagos_ano_passado":225,"data_ultima_cotacao":200,"pregoes_com_negocio_21":226,"alertas":227,"updated_at":228,"liquidez_media_reais":229,"administrador":58,"taxa_administracao_paga":208,"balanco":230,"resultado_distribuido":237,"publico_alvo":242,"mercados_negociacao_cotas":243,"data_funcionamento":245,"data_final":208,"quantidade_cotas":246,"quantidade_cotistas":247,"detalhes_cotistas":248,"total_investido":251,"investimentos_fundo":252,"imoveis":257,"contratos":208,"custodiante":259,"auditor_independente":266,"formador_mercado":208,"distribuidor_cotas":273,"consultor_especializado":208,"administrador_locacoes":208,"relatorio_anual":280,"analise_administrador":283},413,{"nome":64,"nome_simplificado":99,"nome_comercial":61,"ticker":63,"nome_ticker":100,"nome_pregao":101,"cnpj":71},"VERSALHES RECEBÍVEIS IMOBILIÁRIOS  DE RESPONSABILIDADE LIMITADA","VSLH11 - VERSALHES RECEBÍVEIS IMOBILIÁRIOS FUNDO DE INVESTIMENTO IMOBILIÁRIO DE RESPONSABILIDADE LIMITADA","FII VERS CRI",{"id":103,"nome":52,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},203,"33962328000148","Rua Fidêncio Ramos, 195,3º andar, Cj. 71, Vila Olímpia, CEP 04551-010 - São Paulo - SP","(11) 3578-8007","2026-10-03T19:23:30.000000Z",[109,114,119,125,129,133,137,143,147,151,155,159,164,168,172,177,183,189,193,198],{"id":110,"data":111,"abertura":112,"ultimo":112,"volume":113},3288787,"2026-10-06",1.64,29137,{"id":115,"data":116,"abertura":112,"ultimo":117,"volume":118},3289419,"2026-10-07",1.65,74093,{"id":120,"data":121,"abertura":122,"ultimo":123,"volume":124},3290242,"2026-10-08",1.63,1.62,55229,{"id":126,"data":127,"abertura":122,"ultimo":122,"volume":128},3291172,"2026-10-09",31554,{"id":130,"data":131,"abertura":117,"ultimo":117,"volume":132},3357143,"2026-10-13",55981,{"id":134,"data":135,"abertura":117,"ultimo":117,"volume":136},3375669,"2026-10-14",44363,{"id":138,"data":139,"abertura":140,"ultimo":141,"volume":142},3376310,"2026-10-15",1.66,1.67,78511,{"id":144,"data":145,"abertura":112,"ultimo":117,"volume":146},3377241,"2026-10-16",67170,{"id":148,"data":149,"abertura":141,"ultimo":112,"volume":150},3445367,"2026-10-19",27594,{"id":152,"data":153,"abertura":141,"ultimo":112,"volume":154},3446451,"2026-10-20",29751,{"id":156,"data":157,"abertura":140,"ultimo":117,"volume":158},3459937,"2026-10-21",26263,{"id":160,"data":161,"abertura":141,"ultimo":162,"volume":163},3473545,"2026-10-22",1.68,23470,{"id":165,"data":166,"abertura":141,"ultimo":162,"volume":167},3488133,"2026-10-23",29978,{"id":169,"data":170,"abertura":117,"ultimo":122,"volume":171},3566106,"2026-10-26",112679,{"id":173,"data":174,"abertura":122,"ultimo":175,"volume":176},3580240,"2026-10-27",1.58,76748,{"id":178,"data":179,"abertura":180,"ultimo":181,"volume":182},3594325,"2026-10-28",1.6,1.57,59004,{"id":184,"data":185,"abertura":186,"ultimo":187,"volume":188},3609088,"2026-10-29",1.55,1.54,84130,{"id":190,"data":191,"abertura":187,"ultimo":187,"volume":192},3624880,"2026-10-30",24918,{"id":194,"data":195,"abertura":187,"ultimo":196,"volume":197},3682263,"2026-11-03",1.52,42016,{"id":199,"data":200,"abertura":201,"ultimo":202,"volume":203},3695514,"2026-11-04",1.48,1.5,29332,345416830.2,11.57,"0.13","Ativa",null,"Multicategoria","2026-11-05 09:00","-0.0132","-0.0260","-0.0854","-0.1573","-0.1848","-0.4000",613,"0.0200","0.0121","Out\u002F2026","0.0293","0.0873","0.1947","0.0127",12,21,[],"05\u002F11\u002F2026 07:00",80909.51,{"data_referencia":231,"ativo":232,"passivo":233,"obrigacoes_imoveis":234,"obrigacoes_securitizacao":234,"liquidez":235,"valores_receber":236},"2026-09-01",346271654.48,854824.28,0,14744097.39,23384057.23,{"data_referencia":238,"resultado":239,"rendimentos":240,"percentual":241},"2026-06-30",5168015.77,4987303.2015,0.9650325044383525,"Investidores em Geral",[244],"MB","2020-01-21",29864091,58582,{"Pessoa Física":249,"Pessoa jurídica não financeira":250,"Fundos de investimento imobiliário":87,"Investidores não residentes":81,"Outros fundos de investimento":15,"Outros tipos de cotistas não relacionados":15},58528,46,308143499.86,{"CRI \u002F CRA":253,"Cotas de outros fundos":254,"Cotas de FIIs":255,"Outros valores mobiliários":256},277277213.33,20394191.83,10570583.35,-98488.65,{"vacancia_total":234,"lista_imoveis":258,"data_referencia":238,"vacancia_suspeita":11},[],{"id":260,"nome":261,"cnpj":262,"endereco":263,"telefone":264,"created_at":265,"updated_at":265},8,"VORTX DISTRIBUIDORA DE TÍTULOS E VALORES MOBILIÁRIOS LTDA","22610500000188","R. Gilberto Sabino, 215 - Pinheiros, São Paulo - SP, 05425-020","(11) 3030-7177","2026-10-03T18:50:46.000000Z",{"id":267,"nome":268,"cnpj":269,"endereco":270,"telefone":271,"created_at":272,"updated_at":272},22,"UHY BENDORAYTES & Cia","42170852000177","Av João Cabral de Mello Neto, 850 - Barra da Tijuca - Rio de Janeiro - RJ","(11) 3886-5100","2026-10-03T18:51:27.000000Z",{"id":274,"nome":275,"cnpj":276,"endereco":277,"telefone":278,"created_at":279,"updated_at":279},211,"ATIVA INVESTIMENTOS S\u002FA","33775974000104","Avenida das Americas, 3500, Barra da Tijuca, Rio de Janeiro, RJ, 22640-102","(21) 3515-0200","2026-10-03T19:25:31.000000Z",{"ano_referencia":281,"data_disponibilizacao":282},"2026","2026-09-28",{"ResultadoFundo":284,"ConjunturaEconomica":285,"PerspectivaPeriodoSeguinte":286},"O Fundo distribuiu, referente ao período de julho de 2025 a junho de 2026, R$ 0,34\u002Fcota no ano. Isso representa um Dividend Yield de cerca de 11,6% em relação a cota patrimonial de fechamento de junho de 2026, e 19,4% em relação a cota de mercado","O ciclo analisado combinou carry elevado para ativos indexados a CDI e IPCA com o ambiente de crédito mais adverso para o setor imobiliário desde a década passada, concentrado em incorporadoras de médio porte e no segmento de médio e alto padrão. A oferta primária de CRI encolheu e o MCMV consolidou-se como principal motor de volume. Para o segundo semestre de 2026, os fatores determinantes são a velocidade do afrouxamento monetário, o calendário eleitoral e a trajetória da inadimplência corporativa.\nNesse ambiente, seletividade de crédito, qualidade das garantias e gestão ativa de reestruturações devem continuar definindo o desempenho relativo dos fundos.","As perspectivas para o mercado imobiliário brasileiro em 2026 são de estabilidade e resiliência, com tendências de valorização moderada dos imóveis, sendo superada em pouco a inflação. O setor deve se beneficiar da redução esperada das taxas de juros e do contínuo interesse em imóveis sustentáveis e bem localizados. No entanto, desafios como a dificuldade no financiamento devido a taxas ainda elevadas e a menor disponibilidade de crédito para a classe média, ao mesmo tempo que favorecem o mercado de aluguel e investidores com dinheiro em caixa, indicam um cenário misto."]