The Investo Global Agribusiness ETF (FOOD11) is a Brazilian exchange-traded fund designed to provide exposure to the MVIS Global Agribusiness Index, a benchmark composed of some of the world's largest and most liquid companies operating across the global agribusiness industry. Managed by Investo Gestão de Recursos Ltda., the ETF trades under the ticker FOOD11 on the B3 and provides Brazilian investors with diversified exposure to the global agricultural value chain.

Classified as an international thematic equity ETF, FOOD11 follows a passive management strategy. The fund mirrors the VanEck Agribusiness ETF (MOO), a U.S.-listed ETF that seeks to replicate the performance of the MVIS Global Agribusiness Index.

The underlying benchmark targets companies that generate at least 50% of their revenues from agribusiness-related activities. This approach provides exposure across different parts of the agricultural value chain rather than concentrating exclusively on food producers or agricultural commodities.

Composition / Exposure Profile

FOOD11 provides exposure primarily to:

• Global agribusiness companies.

• Agricultural chemicals, fertilizers, and seeds.

• Agricultural machinery and equipment.

• Farming and livestock-related businesses.

• Food producers and other companies across the agricultural value chain.

• Developed and emerging international equity markets.

The MVIS Global Agribusiness Index uses a modified market-cap weighting methodology and focuses on companies whose businesses are materially connected to agribusiness. 

According to Investo, the benchmark is designed to cover approximately 90% of the investable market capitalization associated with the global agribusiness industry, excluding areas such as pre-packaged foods, biodiesel, alcohol, and forestry activities.

Structure and Costs

FOOD11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption are carried out through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund has its own management fee and also bears the expenses associated with its underlying international ETF structure. FOOD11 does not charge a performance fee.

The ETF does not make recurring income distributions. Dividends and other proceeds generated by its underlying investments are incorporated into the fund's net asset value. The fund has an indefinite term.

History and Evolution of the ETF

The Investo Global Agribusiness ETF was launched in 2022 to provide Brazilian investors with exchange-traded access to leading companies across the global agribusiness industry.

FOOD11 expanded the range of international thematic ETFs available on the B3 by introducing a strategy dedicated to companies involved throughout the agricultural value chain. Through its exposure to the VanEck Agribusiness ETF, the fund provides access to businesses operating in areas ranging from agricultural inputs and equipment to farming and food production.

Since its launch, FOOD11's performance has reflected developments across the global agribusiness industry. Returns are influenced by agricultural commodity cycles, weather conditions, geopolitical events, global food demand, input costs, trade flows, currency movements, and broader economic conditions affecting the companies represented in the underlying portfolio.

Additional Information

Investo Global Agribusiness ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $5.79 million.

Over the past 12 months, Investo Global Agribusiness ETF recorded a return of -, with its price trading between $83.89 and $83.89 during the same period.

The ETF is traded under the ticker FOOD11.