ITAU FDO INV COTAS FDO INCENT DE INV INFR. RF CP — A fund of funds investing in infrastructure fund units (FIC FI-Infra), managed by Itaú Asset Management, providing exposure to Brazilian infrastructure tax-exempt debentures via a fund-of-funds structure (Law 12,431/2011).
Segment: FI-Infra · FIC · Multi-sector (energy, sanitation, toll roads, telecommunications, logistics) · Price R$ 89.5 · P/BV 0.9361 · BV/unit R$ 95.61 · Net assets R$ 1,48 Bi · 34,875 unitholders
IFRA11 (Itaú Infra FII) is a Brazilian REIT in the FI-Infra · FIC · Multi-sector (energy, sanitation, toll roads, telecommunications, logistics) segment. ITAU FDO INV COTAS FDO INCENT DE INV INFR. RF CP — A fund of funds investing in infrastructure fund units (FIC FI-Infra), managed by Itaú Asset Management, providing exposure to Brazilian infrastructure tax-exempt debentures via a fund-of-funds structure (Law 12,431/2011).
Managed by Itaú Asset, it distributes tax-exempt interest from energy, sanitation, and toll road projects in Brazil via units of other infrastructure funds. Note: as a fund of funds, the current portfolio is not publicly disclosed and embedded double fee charging may occur.
This page gathers the factual snapshot of IFRA11 in 2026: what the fund is, what it invests in, what it charges, who manages it and how it got here. Opinion, score and recommendation live in the analysis; payout calendar and projections live in dividends.
Management: Itaú Asset Management.
Itaú Asset Management is the asset management arm of Itaú Unibanco, Brazil's largest private bank and one of Latin America's largest. It manages consolidated assets of hundreds of billions of reais with a specialized team in private credit and structured fixed income. Institutional strength, primary issuer access, and Itaú brand credibility are key differentiators. Watch point: major bank-affiliated managers typically feature more bureaucratic governance structures — and the July 13 unitholder meeting proposal to lower qualified quorum requirements is a sign to monitor regarding minority unitholder relations.last close R$ 89.5 · all-time low R$ 84.90 · high R$ 114.00 · book value per unit R$ 95.61.
Average daily volume (21 sessions) of R$ 2,100,000.
Average daily trading volume of ~R$ 2.1M. Adequate liquidity for its size (net assets of R$ 1.48B, ~35k unitholders) — individual retail investors can exit their position without relevant price impact under normal market conditions.
| Period | What happened |
|---|---|
| CONSTITUIÇÃO E IPO | Establishment and structuring of IFRA11 (CNPJ 34.633.510/0001-18) by Itaú Asset Management as an infrastructure fund of funds (FIC FI-Infra), with documentation registered on FundosNET (structured reports, management reports, meeting minutes, and ratings). |
| CRESCIMENTO DO PL | Fund grows to reach R$ 1B+ in net assets with a diversified unitholder base. |
| AGE E DIVIDENDO | Extraordinary Unitholder Meeting called (Jun 25) for Jul 13, 2026, proposing to remove the qualified quorum requirement from the bylaws. June distribution: R$ 0.95/unit (paid on Jul 8, 2026). |
| SNAPSHOT ATUAL | Current position (July 20, 2026): quote R$ 92.90, P/BV 0.97, net assets R$ 1.48B, 34,875 unitholders, liquidity R$ 2.1M/day. |