CMDB11

The BTG Pactual Commodities Brasil ETF (CMDB11) is a Brazilian exchange-traded fund designed to provide exposure to commodity-related companies through investments linked to a benchmark composed of Brazilian firms operating in sectors associated with natural resources and raw materials. The ETF is managed by BTG Pactual Asset Management and trades under the ticker CMDB11 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 a commodities-focused benchmark by investing primarily in Brazilian companies with significant exposure to sectors such as mining, oil and gas, pulp and paper, and agribusiness.

Composition / Exposure profile

CMDB11 provides exposure primarily associated with:

• Mining companies.

• Oil and gas producers.

• Pulp and paper businesses.

• Agribusiness-related companies.

• Commodity-exporting sectors.

• Natural-resource producers.

• Brazilian equity markets.

• Global commodity-market dynamics.

The ETF seeks to reflect the performance of Brazilian companies whose results are directly influenced by international commodity prices and broader trends in global economic activity.

Performance is particularly sensitive to fluctuations in commodity prices, global economic growth, international trade conditions, and supply-and-demand dynamics across resource markets.

Structure and costs

CMDB11 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 management fee and may incur operational costs associated with the ETF structure and portfolio management activities. CMDB11 does not apply a performance fee and 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 BTG Pactual Commodities Brasil ETF was launched in 2021 with the objective of providing simplified access to Brazilian commodity-related companies through a single exchange-traded investment vehicle.

Since inception, the fund has become part of the growing segment of thematic ETFs in Brazil, reflecting investor interest in companies linked to global commodity cycles and natural-resource markets.

In recent years, CMDB11 has reflected fluctuations in international commodity prices, influenced by global demand trends, economic cycles, international monetary-policy developments, and supply conditions across resource markets.

Additional Information

BTG Pactual Commodities Brasil ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $11.82 million.

Over the past 12 months, BTG Pactual Commodities Brasil ETF recorded a return of 21.65%, with its price trading between $12.68 and $18.09 during the same period.

The ETF is traded under the ticker CMDB11.