BOVX11

The Trend ETF Ibovespa Fundo de Índice (BOVX11) is a Brazilian exchange-traded fund designed to provide exposure to the Brazilian equity market through investments linked to the Ibovespa Index, calculated by B3. The ETF is administered by BNP Paribas Brasil S.A., managed by XP Allocation Asset Management Ltda., and trades under the ticker BOVX11 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 exposure to the most traded and representative companies in the Brazilian stock market.

Composition / Exposure profile

BOVX11 provides exposure primarily associated with:

• Large-cap Brazilian companies.

• Energy-sector companies.

• Mining and materials businesses.

• Financial institutions.

• Consumer-related sectors.

• Industrial companies.

• Brazilian equity markets.

• Broad domestic market exposure.

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

The ETF’s performance is particularly sensitive to Brazilian economic conditions, interest-rate cycles, commodity prices, corporate earnings, and investor sentiment toward domestic equities.

Structure and costs

BOVX11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants through the delivery of a basket of securities that replicates the benchmark composition.

The fund charges a management fee of up to 0.15% per year and does not apply a performance fee. BOVX11 does not provide recurring income distributions, as dividends and other proceeds received from underlying holdings are reinvested into the portfolio.

History and evolution of the ETF

The Trend ETF Ibovespa Fundo de Índice was launched in 2021 with the objective of providing a low-cost alternative for gaining exposure to the Ibovespa through the Brazilian stock exchange.

Since inception, the fund has become part of the growing domestic ETF market, reflecting the expansion of index-based investment products in Brazil.

In recent years, BOVX11 has reflected fluctuations in the Brazilian equity market, influenced by macroeconomic conditions, monetary-policy developments, and the performance of companies that compose the Ibovespa Index.

Additional Information

Trend ETF Ibovespa Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $782.93 Millions.

Over the past 12 months, Trend ETF Ibovespa Fundo de Índice recorded a return of 25.41%, with its price trading between $13.47 and $20.38 during the same period.

The ETF is traded under the ticker BOVX11.