The Investo ETF MarketVector Brazil Treasury 760 Target Duration Fundo de Índice (LFTB11) is a Brazilian exchange-traded fund designed to provide exposure to Brazilian federal government bonds through investments linked to the MarketVector Brazil Treasury 760 Day Target Duration Index. The ETF is administered by BNP Paribas and trades under the ticker LFTB11 on the B3.
Classified as a fixed-income ETF, the fund follows a passive management strategy. Its structure invests primarily in floating-rate Brazilian government bonds linked to the Selic rate (LFTs), alongside smaller allocations to inflation-linked Treasury securities (NTN-Bs), seeking to reflect the performance of its benchmark index.
Diversification and sector exposure
LFTB11 provides exposure primarily associated with:
• Floating-rate Brazilian Treasury bonds (LFTs).
• Inflation-linked government bonds (NTN-Bs).
• Brazilian sovereign debt.
• Selic-rate exposure.
• Local fixed-income markets.
• Inflation-sensitive sovereign securities.
• Duration-targeted bond strategies.
• Brazilian monetary-policy conditions.
The ETF’s performance is particularly sensitive to interest-rate movements in Brazil, inflation expectations, and monetary-policy decisions by the Central Bank of Brazil.
Changes in the Selic rate, fiscal conditions, sovereign-risk perception, and domestic inflation dynamics may directly affect the fund’s behavior. The ETF may also reflect developments associated with Brazil’s yield curve and liquidity conditions within local sovereign bond markets.
Structure and costs
LFTB11 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 does not apply a performance fee. LFTB11 does not provide recurring income distributions, as gains generated by the portfolio are reinvested into the fund structure.
Because the ETF maintains exposure to Brazilian sovereign fixed-income instruments, its performance may reflect fluctuations in domestic interest rates, inflation expectations, and broader macroeconomic conditions in Brazil.
History and evolution of the ETF
The Investo ETF MarketVector Brazil Treasury 760 Target Duration Fundo de Índice was launched in 2024 as part of the expansion of fixed-income ETFs within the Brazilian market.
Since inception, the fund has reflected movements associated with Brazilian sovereign debt markets, including changes in interest-rate cycles, inflation expectations, and domestic monetary-policy conditions.
In recent periods, LFTB11 has reflected fluctuations in Brazil’s interest-rate environment and sovereign bond markets, influenced by Central Bank policy decisions and broader macroeconomic developments.
Additional Information
Investo ETF MarketVector Brazil Treasury 760 Target Duration Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $2.62 Billions.
Over the past 12 months, Investo ETF MarketVector Brazil Treasury 760 Target Duration Fundo de Índice recorded a return of 14.42%, with its price trading between $107.26 and $122.73 during the same period.
The ETF is traded under the ticker LFTB11.