NASD11

The Trend ETF Nasdaq 100 Fundo de Índice (NASD11) is a Brazilian exchange-traded fund designed to provide exposure to large-cap companies listed on the Nasdaq through investments linked to the Nasdaq-100 Index. The ETF is managed by XP Allocation Asset Management Ltda. and trades under the ticker NASD11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its structure primarily invests in shares of an international ETF that seeks to track the Nasdaq-100 Index, providing indirect exposure to some of the largest non-financial companies in the United States.

Composition / Exposure profile

NASD11 provides exposure primarily associated with:

• Large-cap U.S. growth companies.

• Technology and software businesses.

• Artificial intelligence and semiconductor companies.

• Cloud computing and digital infrastructure.

• E-commerce and digital advertising.

• Communication services.

• Innovation-driven businesses.

• International equity diversification.

The underlying exposure includes companies such as Microsoft, Apple, Amazon, Nvidia, Alphabet, Meta Platforms, Tesla, Netflix, and Starbucks, among other constituents of the Nasdaq-100 Index.

The ETF’s performance is particularly sensitive to U.S. monetary policy, corporate earnings, technology-sector valuations, and investor sentiment toward growth-oriented companies.

Structure and costs

NASD11 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 also incurs costs associated with the underlying international ETF structure. NASD11 does not apply a performance fee and 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 Trend ETF Nasdaq 100 Fundo de Índice was launched with the objective of facilitating access to the Nasdaq-100 Index through the Brazilian stock exchange using an international ETF structure.

Since inception, the fund has become part of the growing range of international equity ETFs available to Brazilian investors, reflecting increasing demand for global diversification and exposure to innovative companies.

In recent years, NASD11 has reflected fluctuations in U.S. equity markets, influenced by macroeconomic conditions, corporate earnings results, monetary-policy developments, and broader trends across global financial markets.

Additional Information

Trend ETF Nasdaq 100 Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $837.21 Millions.

Over the past 12 months, Trend ETF Nasdaq 100 Fundo de Índice recorded a return of 21.45%, with its price trading between $16.65 and $21.57 during the same period.

The ETF is traded under the ticker NASD11.