BBOI11

The BB ETF Boi Gordo (BBOI11) is a Brazilian exchange-traded fund designed to provide exposure to live cattle prices through investments linked to the B3 Live Cattle Futures Index (IFBOI B3). The ETF is managed by BB Gestão de Recursos DTVM S.A. and trades under the ticker BBOI11 on the B3.

Classified as a commodity ETF, the fund follows a passive management strategy. Its objective is to replicate the performance of the B3 Live Cattle Futures Index, which is based on a theoretical portfolio of live cattle futures contracts and seeks to reflect price movements in Brazil’s cattle market.

Composition / Exposure profile

BBOI11 provides exposure primarily associated with:

• Live cattle futures contracts traded on the B3.

• Brazilian agricultural commodities.

• Livestock-market exposure.

• Agribusiness-related investments.

• Commodity-linked derivatives.

• Domestic futures markets.

• Agricultural supply-chain dynamics.

• Alternative portfolio-diversification strategies.

The benchmark is designed to capture price movements in the Brazilian live cattle market, providing investors with exposure to one of the country's most important agricultural commodities.

Performance is largely influenced by supply-and-demand conditions, livestock-production cycles, weather patterns, export activity, feed costs, and developments in the global beef market.

Structure and costs

BBOI11 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. BBOI11 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 Boi Gordo was launched in 2022 with the objective of facilitating access to the Brazilian live cattle market through an exchange-traded structure based on futures contracts.

Since inception, the fund has become part of the growing commodity ETF segment in Brazil, expanding investors' access to agribusiness-related assets through regulated financial markets.

In recent years, BBOI11 has reflected fluctuations in live cattle prices, influenced by macroeconomic conditions, weather patterns, production costs, livestock cycles, and developments in the international beef trade.

Additional Information

BB ETF Boi Gordo (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $49.03 Millions.

Over the past 12 months, BB ETF Boi Gordo recorded a return of 12.25%, with its price trading between $9.10 and $11.85 during the same period.

The ETF is traded under the ticker BBOI11.