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The Investo Teva Tesouro Selic ETF (LFTS11) is a Brazilian exchange-traded fund designed to provide exposure to Brazilian government bonds linked to the Selic rate through investments that replicate the Teva Tesouro Selic Index. The ETF is administered by BNP Paribas Brasil S.A. and trades under the ticker LFTS11 on the B3.
Classified as a fixed-income ETF, the fund follows a passive management strategy. Its structure invests in a portfolio of Brazilian Treasury floating-rate bonds (LFTs), seeking to reflect the behavior of Brazil’s benchmark interest rate according to the methodology of its reference index.
Composition / Exposure profile
LFTS11 provides exposure primarily associated with:
Brazilian Treasury floating-rate bonds (LFTs).
Selic-linked fixed income.
Brazilian sovereign debt.
Short-term and liquidity-management strategies.
Floating-rate securities.
Domestic fixed-income markets.
Low-duration bond exposure.
Brazilian monetary-policy conditions.
The ETF’s performance is particularly sensitive to changes in the Selic rate and monetary-policy decisions by the Central Bank of Brazil.
Changes in inflation expectations, fiscal conditions, and domestic liquidity dynamics may directly affect the fund’s behavior. The ETF may also reflect developments associated with short-term interest-rate cycles and investor demand for conservative fixed-income investments.
Structure and costs
LFTS11 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. LFTS11 does not provide recurring income distributions, as gains generated by the portfolio are reinvested into the fund structure.
History and evolution of the ETF
The Investo Teva Tesouro Selic ETF was launched in 2022 with the objective of expanding access to floating-rate government bonds through the Brazilian stock exchange using an index-based fixed-income structure.
Since inception, the fund has become part of the growing fixed-income ETF segment in Brazil, reflecting increasing demand for liquidity-management tools and conservative investment solutions.
In recent periods, LFTS11 has reflected the evolution of Brazil’s Selic rate, influenced by monetary-policy decisions, inflation dynamics, and broader domestic macroeconomic conditions.
Additional Information
Investo Teva Tesouro Selic ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $1.18 Billion.
Over the past 12 months, Investo Teva Tesouro Selic ETF recorded a return of 14.57%, with its price trading between $134.74 and $154.41 during the same period.
The ETF is traded under the ticker LFTS11.
