DOLA11

The It Now Dólar Fundo de Índice (DOLA11) is a Brazilian exchange-traded fund designed to provide exposure to the U.S. dollar against the Brazilian real through investments linked to a currency benchmark based on the USD/BRL exchange rate. The ETF is managed by Itaú Asset Management and trades under the ticker DOLA11 on the B3.

Classified as a currency ETF, the fund follows a passive management strategy. Its objective is to provide investors with indirect exposure to the U.S. dollar through a portfolio primarily composed of currency derivatives and low-risk financial instruments used as collateral.

Composition / Exposure profile

DOLA11 provides exposure primarily associated with:

• U.S. dollar futures contracts traded on the B3.

• USD/BRL exchange-rate movements.

• Currency-linked financial instruments.

• Brazilian foreign-exchange markets.

• Dollar-denominated exposure.

• Currency-hedging strategies.

• International diversification tools.

• Derivatives-based investment structures.

The ETF seeks to reflect the performance of the USD/BRL exchange rate, the primary benchmark used to measure the appreciation or depreciation of the U.S. dollar against the Brazilian real.

The ETF’s performance is particularly sensitive to monetary-policy decisions in Brazil and the United States, foreign-capital flows, interest-rate differentials, and global risk sentiment.

Structure and costs

DOLA11 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 incurs costs related to futures-contract rollovers and portfolio management activities. DOLA11 does not apply a performance fee and does not provide recurring income distributions.

History and evolution of the ETF

The It Now Dólar Fundo de Índice was launched with the objective of facilitating access to U.S. dollar exposure through the Brazilian stock exchange using a structure based on currency derivatives.

Since inception, the fund has become part of the growing segment of currency-focused ETFs in Brazil, reflecting investor demand for foreign-exchange protection and international diversification strategies.

In recent years, DOLA11 has reflected fluctuations in the USD/BRL exchange rate, influenced by macroeconomic conditions, monetary-policy decisions, foreign-capital flows, and broader developments across global financial markets.

Additional Information

It Now Dólar Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $119.09 Millions.

Over the past 12 months, It Now Dólar Fundo de Índice recorded a return of -3.33%, with its price trading between $9.58 and $10.98 during the same period.

The ETF is traded under the ticker DOLA11.