GPUS11

The BTG Pactual S&P 500 UCITS ETF (GPUS11) is a Brazilian exchange-traded fund designed to provide exposure to the U.S. equity market through investments linked to the S&P 500 Net Total Return Index. The ETF is managed by BTG Pactual and trades under the ticker GPUS11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its structure invests primarily in shares of the Vanguard S&P 500 UCITS ETF (VUAA), seeking to reflect the performance of some of the largest publicly traded companies in the United States.

Composition / Exposure profile

GPUS11 provides exposure primarily associated with:

• Large-cap U.S. companies.

• Information technology.

• Financial services.

• Healthcare.

• Consumer-related sectors.

• Industrial companies.

• U.S. equity markets.

• International diversification strategies.

The ETF seeks to reflect the performance of the S&P 500, a benchmark widely regarded as the primary reference for the U.S. stock market and composed of globally recognized industry leaders.

The ETF’s performance is particularly sensitive to U.S. economic conditions, Federal Reserve monetary policy, corporate earnings, and investor sentiment toward American equities.

Structure and costs

GPUS11 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 underlying international ETF structure. GPUS11 does not apply a performance fee and does not provide recurring income distributions, as dividends and other gains generated by the portfolio are reinvested into the fund structure.

History and evolution of the ETF

The BTG Pactual S&P 500 UCITS ETF was launched in 2025 with the objective of expanding access to the U.S. equity market through the Brazilian stock exchange using a UCITS ETF structure.

Since inception, the fund has become part of the growing international ETF segment in Brazil, reflecting increasing investor demand for geographic diversification and exposure to the world's largest equity market.

In recent periods, GPUS11 has reflected fluctuations in U.S. equity markets, influenced by macroeconomic conditions, Federal Reserve policy decisions, and the performance of leading global companies.

Additional Information

BTG Pactual S&P 500 UCITS ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $165.20 Millions.

Over the past 12 months, BTG Pactual S&P 500 UCITS ETF recorded a return of 13.85%, with its price trading between $98.74 and $116.20 during the same period.

The ETF is traded under the ticker GPUS11.