The It Now GOAT Multi-Asset ETF (GOAT11) is a Brazilian exchange-traded fund designed to provide exposure to a diversified multi-asset strategy through investments linked to the S&P 500 and Brazil Sovereign Real Interest Rate Bond 20/80 Blend Index. The ETF is managed by Itaú Asset Management and trades under the ticker GOAT11 on the B3.

Classified as a multi-asset ETF, the fund follows a passive management strategy. Its objective is to provide investors with a balanced allocation between Brazilian inflation-linked government bonds and U.S. equities, combining fixed-income stability with international equity exposure within a single investment vehicle.

Composition / Exposure profile

GOAT11 provides exposure primarily associated with:

• Inflation-linked Brazilian government bonds (IMA-B).

• IPCA-linked fixed-income securities.

• U.S. equities through the S&P 500.

• U.S. dollar exposure.

• Multi-asset investment strategies.

• International diversification.

• Real interest-rate exposure.

• Long-term portfolio-allocation strategies.

The ETF seeks to reflect the performance of a blended benchmark that combines Brazil’s inflation-linked sovereign-bond market with the U.S. stock market, providing diversification across both asset classes and geographic regions.

The ETF’s performance is particularly sensitive to real interest rates, inflation expectations, S&P 500 performance, currency movements, and broader macroeconomic conditions in both Brazil and the United States.

Structure and costs

GOAT11 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 total fee of approximately 0.50% per year, including the costs of the ETF itself and the underlying investment vehicles. GOAT11 does not apply a performance fee and does not provide recurring income distributions.

Subscription occurs on a D+0 basis, while settlement takes place on D+2 business days. The fund has an indefinite duration.

History and evolution of the ETF

The It Now GOAT Multi-Asset ETF was launched with the objective of offering a diversified investment strategy within a single product, combining inflation protection through Brazilian government bonds with exposure to the U.S. equity market.

Since inception, the fund has become part of the growing multi-asset ETF segment in Brazil, reflecting increasing investor interest in simplified portfolio diversification and strategic asset allocation.

In recent years, GOAT11 has reflected the combined performance of inflation-linked government bonds and U.S. equities, influenced by real interest rates, inflation dynamics, S&P 500 performance, exchange-rate movements, and broader macroeconomic developments.

Additional Information

It Now GOAT Multi-Asset ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $25.96 million.

Over the past 12 months, It Now GOAT Multi-Asset ETF recorded a return of 11.48%, with its price trading between $51.52 and $57.86 during the same period.

The ETF is traded under the ticker GOAT11.