The BB ETF Agronegócio Brasil (AGRI11) is a Brazilian exchange-traded fund designed to provide exposure to the agribusiness sector through investments linked to the IAGRO-FFS B3 Index. The ETF is managed by BB Gestão de Recursos DTVM S.A. and trades under the ticker AGRI11 on the B3.

Classified as an equity ETF, the fund follows a passive management strategy. Its objective is to replicate the performance of the IAGRO-FFS B3 Index, a benchmark designed to track a diversified portfolio of companies operating across different segments of Brazil’s agribusiness value chain.

Composition / Exposure profile

AGRI11 provides exposure primarily associated with:

• Agricultural-production companies.

• Food and protein producers.

• Pulp and paper businesses.

• Agricultural-services providers.

• Logistics and transportation companies.

• Commodity-related sectors.

• Brazilian agribusiness markets.

• Rural-economy investments.

The underlying portfolio may include companies such as BrasilAgro, BRF, Camil, Cosan, Dexco, Grupo Mateus, Hidrovias do Brasil, Irani, and Jalles Machado, among other constituents of the benchmark.

Sector allocation is concentrated in industries that play a strategic role in Brazil’s agricultural value chain, making the fund closely connected to trends in food production, exports, land use, and commodity markets.

Structure and costs

AGRI11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, helping to align the ETF’s market price with its net asset value (NAV).

According to the fund’s regulations, the ETF does not charge a global administration, management, or distribution fee.AGRI11 does not apply a performance fee and does not provide recurring income distributions, as portfolio results are reflected directly in the ETF’s share value.

History and evolution of the ETF

The BB ETF Agronegócio Brasil was launched in 2022 with the objective of facilitating access to Brazil’s agribusiness sector through a single exchange-traded investment vehicle.

Since inception, the fund has become part of the growing segment of sector-focused ETFs in Brazil, reflecting the importance of agribusiness as one of the country's key economic pillars.

In recent years, AGRI11 has reflected fluctuations in the agricultural sector, influenced by weather conditions, global commodity prices, exchange-rate movements, international demand, and developments in agricultural production and export markets.

Additional Information

BB ETF Agronegócio Brasil (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $4.12 million.

Over the past 12 months, BB ETF Agronegócio Brasil recorded a return of -11.47%, with its price trading between $37.28 and $49.47 during the same period.

The ETF is traded under the ticker AGRI11.