GOLB11

The BTG Pactual Gold ETF (GOLB11) is a Brazilian exchange-traded fund designed to provide exposure to gold prices through investments linked to the B3 Gold Futures Index. The ETF is managed by BTG Pactual and trades under the ticker GOLB11 on the B3.

Classified as a commodity ETF, the fund follows a passive management strategy. Its objective is to replicate the performance of the B3 Gold Futures Index, which tracks a theoretical portfolio based on the nearest gold futures contract traded on the Brazilian exchange, using derivatives and fixed-income instruments to provide exposure to the precious metal.

Composition / Exposure profile

GOLB11 provides exposure primarily associated with:

• Gold futures contracts traded on the B3.

• Gold-price movements.

• Precious-metals investments.

• Commodity-market exposure.

• Brazilian derivatives markets.

• Inflation-hedging strategies.

• Fixed-income collateral assets, such as LFTs.

• Alternative portfolio-diversification strategies.

The ETF seeks to reflect the performance of gold through the B3 Gold Futures Index, a benchmark that tracks fluctuations in gold futures contracts within the Brazilian market.

Performance is particularly sensitive to gold-price movements, global economic conditions, inflation expectations, interest-rate trends, geopolitical developments, and futures-market dynamics.

Structure and costs

GOLB11 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 and incurs additional costs associated with futures-contract rollovers and the maintenance of its operational structure. GOLB11 does not apply a performance fee and does not provide recurring income distributions. The fund has an indefinite duration.

History and evolution of the ETF

The BTG Pactual Gold ETF was created with the objective of expanding access to gold through the Brazilian stock exchange using a structure based on locally traded derivatives.

Since inception, the fund has become part of the growing segment of commodity-focused ETFs in Brazil, reflecting increasing investor interest in precious metals and portfolio-diversification strategies.

In recent years, GOLB11 has reflected fluctuations in gold prices as well as factors related to futures-market dynamics, including contract rollovers and market conditions. Its performance has been influenced by macroeconomic developments, inflation expectations, monetary-policy decisions, and trends in global commodity markets.

Additional Information

BTG Pactual Gold ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $3.00 Millions.

Over the past 12 months, BTG Pactual Gold ETF recorded a return of -, with its price trading between $95.21 and $131.90 during the same period.

The ETF is traded under the ticker GOLB11.