BOVV11

The It Now Ibovespa Fundo de Índice (BOVV11) 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 Itaú Asset Management and trades under the ticker BOVV11 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

BOVV11 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 a benchmark for the Brazilian stock market, the Ibovespa captures a significant portion of local market capitalization and trading activity, making it one of the most widely followed indicators of Brazilian equities.

Structure and costs

BOVV11 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).

The fund charges a low management fee, with a maximum total annual fee of approximately 0.10% per year. BOVV11 does not apply a performance fee and does not provide recurring income distributions, as dividends and interest on equity received from underlying holdings are automatically reinvested into the portfolio.

History and evolution of the ETF

The It Now Ibovespa Fundo de Índice was launched in 2016 with the objective of simplifying access to the Ibovespa through the Brazilian stock exchange, allowing investors to track the average performance of the domestic equity market through a single investment vehicle.

Over time, the fund has established itself as one of the leading ETFs in the Brazilian market, reflecting the growing adoption of passive-investment strategies and diversified equity exposure.

In recent years, BOVV11 has reflected fluctuations in the Brazilian stock market, influenced by macroeconomic conditions, monetary-policy decisions, fiscal developments, commodity-price trends, and the performance of companies included in the benchmark index.

Additional Information

It Now Ibovespa Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $3.36 Billions.

Over the past 12 months, It Now Ibovespa Fundo de Índice recorded a return of 25.09%, with its price trading between $135.63 and $204.30 during the same period.

The ETF is traded under the ticker BOVV11.