The Galapagos Global ex U.S. ETF (GXUS11) is a Brazilian exchange-traded fund designed to provide exposure to global equities outside the United States through investments linked to the FTSE Global All Cap ex U.S. Index. The ETF is managed by Galapagos Capital and trades under the ticker GXUS11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its objective is to provide investors with broad exposure to developed and emerging markets outside the United States through investments in the Vanguard Total International Stock ETF (VXUS).

Composition / Exposure profile

GXUS11 provides exposure primarily associated with:

• Global equities outside the United States.

• Developed international markets.

• Emerging-market companies.

• European equities.

• Asia-Pacific markets.

• Financial-sector companies.

• Industrial businesses.

• International diversification strategies.

The underlying portfolio includes more than 8,600 companies across over 40 countries, providing broad exposure to a wide range of economies, industries, and market-capitalization segments.

Performance is influenced by global economic growth, regional monetary-policy decisions, international capital flows, currency movements, and the results of companies operating outside the U.S. market.

Structure and costs

GXUS11 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 annual fee of approximately 0.30% to 0.35%, including costs associated with both the local structure and the underlying international ETF. GXUS11 does not apply a performance fee and does not provide recurring income distributions. Settlement occurs on a D+2 basis, and the fund has an indefinite duration.

History and evolution of the ETF

The Galapagos Global ex U.S. ETF was launched with the objective of simplifying access to a globally diversified portfolio of equities outside the United States through the Brazilian stock exchange.

Since inception, the fund has become part of the growing international ETF segment in Brazil, offering investors a convenient way to diversify geographically beyond the U.S. market while gaining exposure to both developed and emerging economies.

In recent years, GXUS11 has reflected fluctuations in international equity markets outside the United States, influenced by global economic growth, regional monetary-policy developments, capital flows, currency dynamics, and the performance of companies included in the benchmark.

Additional Information

Galapagos Global ex U.S. ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $5.17 million.

Over the past 12 months, Galapagos Global ex U.S. ETF recorded a return of -, with its price trading between $99.37 and $115.01 during the same period.

The ETF is traded under the ticker GXUS11.