The It Now IMAT ETF Fundo de Índice (MATB11) is a Brazilian exchange-traded fund designed to provide exposure to the basic materials sector through investments linked to the IMAT Index (Basic Materials Index), calculated by the B3. The ETF is managed by Itaú Asset Management and trades under the ticker MATB11 on the B3.

Classified as a sector-focused equity ETF, the fund follows a passive management strategy. Its objective is to replicate the composition and weighting of the IMAT Index, which includes the most liquid and representative companies in Brazil’s basic materials sector, seeking to reflect the overall performance of this segment of the domestic economy.

Composition / Exposure profile

MATB11 provides exposure primarily associated with:

• Brazilian basic-materials companies.

• Mining businesses.

• Steel and metallurgy producers.

• Pulp and paper companies.

• Chemical-industry firms.

• Commodity-related sectors.

• Industrial-input producers.

• Brazilian equity-market exposure.

The portfolio focuses on companies that play an important role in supplying raw materials and industrial inputs, making it highly connected to both domestic economic activity and international commodity markets.

Performance is generally influenced by commodity-price trends, global demand for raw materials, industrial production levels, export activity, and macroeconomic conditions affecting resource-based industries.

Structure and costs

MATB11 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 which, together with other operating expenses, may reach approximately 0.50% per year.

MATB11 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 fund and reflected in its share value.

History and evolution of the ETF

The It Now IMAT ETF Fundo de Índice was launched in 2012 with the objective of providing investors with exposure to Brazil’s basic materials sector through a single exchange-traded investment vehicle.

Since inception, the fund has become part of the sector-focused ETF segment in Brazil, offering investors a convenient way to participate in the performance of companies linked to commodities and industrial inputs.

In recent years, MATB11 has reflected fluctuations in commodity cycles, global demand for raw materials, and broader macroeconomic conditions that directly affect the basic materials sector and its constituent companies.

Additional Information

It Now IMAT ETF Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $41.90 million.

Over the past 12 months, It Now IMAT ETF Fundo de Índice recorded a return of 19.11%, with its price trading between $49.41 and $70.20 during the same period.

The ETF is traded under the ticker MATB11.