The Buena Vista U.S. Dollar Income ETF (FIXX11) is a Brazilian exchange-traded fund designed to provide exposure to a U.S. dollar-denominated income strategy through investments linked to the NEOS Enhanced Income 1-3 Month T-Bill Index. The ETF is managed by Buena Vista Capital and trades under the ticker FIXX11 on the B3.

Classified as an international fixed-income ETF, the fund follows a passive management strategy. Its objective is to combine exposure to short-term U.S. Treasury securities with an options-based income strategy, seeking to generate recurring income while maintaining a conservative risk profile and U.S. dollar exposure.

Composition / Exposure profile

FIXX11 provides exposure primarily associated with:

• U.S. Treasury bills (1-3 months).

• U.S. dollar-denominated assets.

• Short-duration fixed-income securities.

• Income-enhancement strategies.

• Options-based investments.

• U.S. government debt.

• Conservative international allocations.

• Currency-diversification strategies.

The portfolio is structured to provide exposure to high-quality short-term government securities while incorporating derivatives designed to generate additional income beyond the yield available from Treasury bills alone.

Performance is generally influenced by U.S. interest rates, Treasury-bill yields, options-market conditions, currency movements, and broader developments in global fixed-income markets.

Structure and costs

FIXX11 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 of approximately 0.38% per year, in addition to operational expenses and other costs provided for in its regulations.

FIXX11 does not apply a performance fee and does not have a mandatory recurring income-distribution policy, with portfolio results reflected directly in the ETF’s share value. Settlement occurs on a D+2 basis.

History and evolution of the ETF

The Buena Vista U.S. Dollar Income ETF was launched in 2025 with the objective of providing an international allocation alternative focused on capital preservation and income generation in U.S. dollars.

Since inception, the fund has become part of the growing segment of international fixed-income and income-oriented ETFs available to Brazilian investors, expanding opportunities for currency diversification and access to global bond markets.

In recent periods, FIXX11 has reflected movements in U.S. interest rates, Treasury-bill yields, and the U.S. dollar, as well as the impact of the derivatives strategies employed to enhance portfolio income.

Additional Information

Buena Vista U.S. Dollar Income ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $5.81 million.

Over the past 12 months, Buena Vista U.S. Dollar Income ETF recorded a return of -7.76%, with its price trading between $89.05 and $101.11 during the same period.

The ETF is traded under the ticker FIXX11.