THE SNFF11 recorded a monthly result of R$1.27 per share in November, as reported in the most recent report. The performance was generated by extraordinary revenues from assets such as SPVJ11 and HGPO11, totaling R$4.2 million in the month. In addition to this, the fund has accumulated a reserve of R$ 0.86 per share, intended for future distributions.
In this context, the distribution of SNFF11 was held at R$0.72 per share, representing a return of 0.92% over the period, based on the market value of the shares as of 11/29/2024. Even in the face of market fluctuations, SNFF11 has continued to outperform IFIX, with an accumulated alpha of 7.27% since its launch and profitability equal to 175% of the index.
Invested FII revenues reached R$1.24 per share, exceeding the value recorded in October, largely thanks to extraordinary gains from SPVJ11 and HGPO11. The equity strategy, which includes operations such as launching covered calls and receiving dividends, added R$0.03 per share to the result, while fixed income contributed R$0.06.
In the secondary market, SNFF11 odds at the end of November the price was R$78.37, a decline of 3.01%, while the asset value per share was R$81.63. The average daily volume traded reached R$357 thousand. The fund’s total return for the month was -1.58%, still outperforming IFIX, which fell 2.11%, and expanding the fund’s historical alpha.
SNFF11 wallet
Over the course of the month, the fund’s management made purchases of shares of funds such as BARI11, VRTA11, IRDM11, RBRF11, BLMG11 and RELG11, all purchased at significant discounts in the secondary market. According to the managers, these assets present attractive return potential, combining portfolio quality with substantial margins of safety, as well as capital appreciation prospects.
In terms of sales, MFII11 shares stood out, sold short as part of the MFAI11 liquidation strategy. This operation not only ensured the preservation of the fund’s assets, but also generated cash profits. Furthermore, KNIP11 shares were sold with the aim of increasing portfolio liquidity and releasing accumulated results.
Another point highlighted by the management was the payment of new dues, for a total of 564,652 units, corresponding to a contribution of R$50.6 million. Despite the expansion of the fund’s resources, this movement resulted in a slight dilution of the value of the shares due to the increase in the number of shares issued.
Latest dividends
Considering the price of R$79.00 per share recorded at the end of November, the announced value represents a monthly dividend yield (DY) of 0.911%. The performance of SNFF11 represented a return of approximately 11.5% per year for investors.
The FII SNFF11 it delivered total income of R$10.32 per share over the last 12 months. Compared to the same price of R$79.00, this value reflects an annual return of 13.06%.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
