DIVD11

The It Now IDIV Fundo de Índice (DIVD11) is a Brazilian exchange-traded fund designed to provide exposure to Brazilian dividend-paying equities through investments linked to the IDIV Index. The ETF is managed by Itaú Asset Management and trades under the ticker DIVD11 on the B3.

Classified as an equity income ETF, the fund follows a passive management strategy. Its structure invests in Brazilian companies included in the IDIV Index, which is composed of stocks recognized for dividend distributions and interest-on-equity payments within the Brazilian market.

Diversification and sector exposure

DIVD11 provides exposure primarily associated with:

• Brazilian dividend-paying companies.
• Financials.
• Utilities.
• Energy.
• Basic materials.
• Equity-income strategies.
• Brazilian equities.
• Dividend-focused portfolios.

The ETF’s performance is particularly sensitive to domestic economic conditions, interest-rate movements in Brazil, and the ability of portfolio companies to sustain dividend distributions.

Changes in monetary policy by the Central Bank of Brazil, fluctuations in commodity prices, and shifts in corporate earnings may directly affect the fund’s behavior. The ETF may also reflect developments associated with fiscal conditions, inflation expectations, and investor demand for income-oriented equity strategies.

Structure and costs

DIVD11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee and does not apply a performance fee. DIVD11 distributes recurring income through periodic payments to shareholders, according to the fund’s distribution policy.

Because the ETF maintains concentrated exposure to dividend-oriented sectors within the Brazilian market, its performance may reflect changes in domestic macroeconomic conditions and investor appetite for equity-income strategies.

History and evolution of the ETF

The It Now IDIV Fundo de Índice was launched in 2024 as part of the expansion of dividend-focused ETFs within the Brazilian market.

Since inception, the fund has reflected movements associated with Brazilian dividend-paying companies, including changes in corporate earnings, shareholder-distribution policies, and domestic monetary conditions.

In recent periods, DIVD11 has reflected the behavior of income-oriented Brazilian equities, influenced by interest-rate dynamics, macroeconomic developments, and fluctuations across sectors traditionally associated with dividend generation.

Additional Information

It Now IDIV Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $101.54 Millions.

Over the past 12 months, It Now IDIV Fundo de Índice recorded a return of 22.81%, with its price trading between $52.06 and $71.00 during the same period.

The ETF is traded under the ticker DIVD11.