The BB ETF Ibovespa (BBOV11) is a Brazilian exchange-traded fund designed to provide exposure to the Brazilian equity market through investments linked to the Ibovespa Index, the primary benchmark of the Brazilian stock market. The ETF is managed by BB Gestão de Recursos DTVM S.A. and trades under the ticker BBOV11 on the B3.

Classified as an equity ETF, the fund follows a passive management strategy. Its objective is to replicate the composition and weighting of the Ibovespa, providing investors with diversified exposure to the most liquid and representative companies listed on the Brazilian stock exchange.

Composition / Exposure profile

BBOV11 provides exposure primarily associated with:

• Large-cap Brazilian companies.

• Financial institutions.

• Energy-sector businesses.

• Mining and materials companies.

• Consumer-related sectors.

• Industrial companies.

• Brazilian equity markets.

• Broad domestic market exposure.

The underlying portfolio includes companies such as Vale, Petrobras, Itaú Unibanco, and many other constituents of the Ibovespa Index.

As the leading benchmark for Brazilian equities, the Ibovespa serves as a widely recognized indicator of market performance and captures a significant share of trading activity and market capitalization on the B3.

Structure and costs

BBOV11 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 materials, the ETF may have a total fee of up to 0.00% per year, although investors remain subject to normal trading and operational costs associated with exchange-traded investments.

BBOV11 does not apply a performance fee and does not provide recurring income distributions. The fund has an indefinite duration, with settlement occurring according to standard secondary-market procedures.

History and evolution of the ETF

The BB ETF Ibovespa was launched in 2020 with the objective of simplifying access to the performance of the Brazilian stock market through a single exchange-traded investment vehicle.

Since inception, the fund has become part of the growing ETF segment in Brazil, reflecting increasing investor interest in low-cost, diversified exposure to domestic equities.

In recent years, BBOV11 has reflected fluctuations in the Brazilian stock market, influenced by macroeconomic developments, sector-specific trends, monetary-policy decisions, commodity prices, and capital flows affecting companies included in the Ibovespa Index.

Additional Information

BB ETF Ibovespa (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $2.08 billion.

Over the past 12 months, BB ETF Ibovespa recorded a return of 34.39%, with its price trading between $69.20 and $106.00 during the same period.

The ETF is traded under the ticker BBOV11.