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The Trend ETF Semiconductors Fundo de Índice (CHIP11) is a Brazilian exchange-traded fund designed to provide exposure to the global semiconductor industry through investments linked to the VanEck Semiconductor ETF (SMH). The ETF is administered by BNP Paribas Brasil S.A. and trades under the ticker CHIP11 on the B3.
Classified as a thematic international ETF, the fund follows a passive management strategy. Its objective is to provide investors with exposure to leading companies involved in semiconductor design, manufacturing, and equipment production through investments in the VanEck Semiconductor ETF, which tracks the MVIS® US Listed Semiconductor 25 Index.
Composition / Exposure profile
CHIP11 provides exposure primarily associated with:
Global semiconductor manufacturers.
Chip designers and developers.
Semiconductor-equipment producers.
Artificial intelligence infrastructure.
Data-center and cloud-computing technologies.
Consumer-electronics supply chains.
U.S. dollar exposure.
Global technology markets.
The underlying exposure may include companies such as Nvidia, Taiwan Semiconductor Manufacturing Company (TSMC), Broadcom, and ASML, among other leaders in the semiconductor industry.
The ETF seeks to reflect the performance of the global semiconductor sector, providing diversified exposure to companies operating across multiple stages of the industry's value chain.
Structure and costs
CHIP11 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 total management fee of approximately 0.65% per year, including fees charged in Brazil (0.30% per year) and by the underlying international ETF (0.35% per year). CHIP11 does not apply a performance fee and does not provide recurring income distributions, as gains generated by the portfolio are reflected in the fund’s share value.
History and evolution of the ETF
The Trend ETF Semiconductors Fundo de Índice was launched in 2024 with the objective of providing Brazilian investors with access to the global semiconductor industry through an exchange-traded structure linked to a specialized international ETF.
Since inception, the fund has become part of the growing thematic ETF segment in Brazil, reflecting increasing investor interest in technology, innovation, artificial intelligence, and digital infrastructure.
In recent years, CHIP11 has reflected fluctuations in the global semiconductor sector, influenced by chip demand, technological advancements, AI adoption, industry investment cycles, geopolitical developments, and broader macroeconomic conditions.
Additional Information
Trend ETF Semiconductors Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $11.97 Millions.
Over the past 12 months, Trend ETF Semiconductors Fundo de Índice recorded a return of 118.46%, with its price trading between $23.46 and $151.75 during the same period.
The ETF is traded under the ticker CHIP11.
