The Trend ETF MSCI Europe Fundo de Índice (EURP11) is a Brazilian exchange-traded fund designed to provide exposure to the European equity market through investments linked to the MSCI Europe Investable Market Index (IMI). The ETF is managed by XP Vista Asset Management Ltda. and trades under the ticker EURP11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its structure invests primarily in shares of international ETFs that track the MSCI Europe IMI, seeking to reflect the performance of large-, mid-, and small-cap companies across developed European markets.

Composition / Exposure profile

EURP11 provides exposure primarily associated with:

• Large-, mid-, and small-cap European companies.

• Financial institutions.

• Industrial companies.

• Healthcare businesses.

• Consumer-related sectors.

• Developed European markets.

• International equity diversification.

• Broad European market exposure.

The ETF seeks to reflect the performance of the MSCI Europe IMI, a benchmark that represents a significant portion of the investable European equity universe.

The ETF’s performance is particularly sensitive to economic conditions across Europe, European Central Bank monetary policy, corporate earnings, exchange-rate movements, and broader global market developments.

Structure and costs

EURP11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee and also incurs costs associated with the international ETFs held in the portfolio. EURP11 does not apply a performance fee and does not provide recurring income distributions, as dividends received from underlying holdings are reinvested into the fund structure.

History and evolution of the ETF

The Trend ETF MSCI Europe Fundo de Índice was launched with the objective of expanding Brazilian investors' access to the European equity market through an exchange-traded structure based on international ETFs.

Since inception, the fund has become part of the growing segment of international ETFs available on the B3, reflecting increasing demand for geographic diversification and global asset allocation.

In recent years, EURP11 has reflected fluctuations in European equity markets, influenced by macroeconomic conditions, European Central Bank policy decisions, currency-market dynamics, regional economic growth, and the performance of companies included in the benchmark index.

Additional Information

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

Over the past 12 months, Trend ETF MSCI Europe Fundo de Índice recorded a return of -, with its price trading between $13.19 and $13.19 during the same period.

The ETF is traded under the ticker EURP11.