The BTG Pactual Ibovespa ETF (IBOB11) is a Brazilian exchange-traded fund designed to provide exposure to the Brazilian equity market through investments linked to the Ibovespa Index, the principal benchmark of the Brazilian stock market. The ETF is managed by BTG Pactual and trades under the ticker IBOB11 on the B3.

Classified as an equity ETF, the fund follows a passive management strategy. Its objective is to replicate the performance of the Ibovespa, which tracks the most liquid and representative companies listed on the B3 based on the exchange’s negotiability criteria.

Composition / Exposure profile

IBOB11 provides exposure primarily associated with:

• Large- and mid-cap Brazilian companies.

• Highly liquid equities listed on the B3.

• Financial-sector businesses.

• Energy and utilities companies.

• Mining and materials producers.

• Consumer-related sectors.

• Industrial companies.

• Broad Brazilian equity-market exposure.

The portfolio reflects the composition of the Ibovespa, providing diversified exposure to companies that account for a significant share of trading activity and market capitalization on the Brazilian stock exchange.

Performance is generally influenced by macroeconomic conditions, monetary-policy decisions, commodity-price trends, corporate earnings, and investor sentiment toward Brazilian equities.

Structure and costs

IBOB11 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, in addition to operational expenses associated with maintaining and replicating the benchmark index.

IBOB11 does not apply a performance fee and does not provide recurring income distributions, as dividends and other proceeds received from underlying holdings are reinvested into the portfolio and reflected in the ETF’s share value.

History and evolution of the ETF

The BTG Pactual Ibovespa ETF was created with the objective of simplifying access to the Ibovespa through a single exchange-traded investment vehicle, allowing investors to participate in the performance of the Brazilian stock market using a passive strategy.

Since inception, the fund has become part of the growing ETF segment in Brazil, reflecting the increasing adoption of low-cost, diversified investment solutions linked to domestic equity benchmarks.

In recent years, IBOB11 has reflected fluctuations in the Brazilian stock market, influenced by macroeconomic developments, monetary-policy decisions, sector-specific trends, and the performance of companies included in the Ibovespa Index.

Additional Information

BTG Pactual Ibovespa ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $704.66 million.

Over the past 12 months, BTG Pactual Ibovespa ETF recorded a return of 33.12%, with its price trading between $108.76 and $163.20 during the same period.

The ETF is traded under the ticker IBOB11.