The iShares Carbon Efficient ETF (ECOO11) is a Brazilian exchange-traded fund designed to provide exposure to Brazilian equities while incorporating carbon-efficiency criteria through investments linked to the Carbon Efficient Index (ICO2). The ETF is managed by BlackRock and trades under the ticker ECOO11 on the B3.

Classified as an equity ETF, the fund follows a passive management strategy. Its objective is to replicate the performance of the ICO2, a benchmark that adjusts the weighting of Brazilian publicly traded companies according to their greenhouse-gas emission efficiency while maintaining broad exposure to the domestic equity market.

Composition / Exposure profile

ECOO11 provides exposure primarily associated with:

• Brazilian publicly traded companies.

• Carbon-efficient businesses.

• ESG-oriented investment strategies.

• Sustainable equity investments.

• Brazilian equity markets.

• Companies with lower greenhouse-gas emission intensity.

• Diversified sector exposure.

• Environmental sustainability themes.

The benchmark is designed to combine broad market representation with environmental considerations, providing exposure to companies that demonstrate greater efficiency in managing carbon emissions.

Performance is generally influenced by Brazilian equity-market conditions, corporate earnings, ESG-related developments, sustainability initiatives, and broader macroeconomic trends affecting listed companies.

Structure and costs

ECOO11 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, in addition to operational expenses associated with portfolio management and index replication.

ECOO11 does not apply a performance fee. Dividends and other proceeds received from underlying holdings are generally reinvested into the portfolio to support the ETF’s objective of tracking the total return of the benchmark.

History and evolution of the ETF

The iShares Carbon Efficient ETF was launched in 2012 with the objective of providing exposure to the Brazilian equity market while incorporating sustainability criteria related to carbon-emission efficiency.

Since inception, the fund has become part of the growing ESG-focused ETF segment in Brazil, reflecting increased investor interest in environmental factors and responsible-investment strategies.

In recent years, ECOO11 has reflected both the performance of the Brazilian stock market and the evolving dynamics of companies with different levels of carbon efficiency, influenced by macroeconomic conditions, corporate sustainability initiatives, and broader ESG trends.

Additional Information

iShares Carbon Efficient ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $38.24 million.

Over the past 12 months, iShares Carbon Efficient ETF recorded a return of 17.10%, with its price trading between $118.71 and $167.06 during the same period.

The ETF is traded under the ticker ECOO11.