PIBB11

The PIBB IBrX-50 ETF Fundo de Índice (PIBB11) is a Brazilian exchange-traded fund designed to provide exposure to the Brazilian equity market through investments linked to the IBrX-50 Index. The ETF is managed by Itaú Asset Management and trades under the ticker PIBB11 on the B3.

Classified as an equity ETF, the fund follows a passive management strategy. Its objective is to replicate the performance of the IBrX-50, a benchmark composed of the 50 most traded and representative stocks listed on the Brazilian stock exchange, providing investors with diversified exposure to the country's leading publicly traded companies.

Composition / Exposure profile

PIBB11 provides exposure primarily associated with:

• Large-cap Brazilian companies.

• Financial institutions.

• Energy-sector companies.

• Utility businesses.

• Basic-materials producers.

• Consumer-related sectors.

• Industrial companies.

• Broad Brazilian equity-market exposure.

The underlying exposure may include companies such as Petrobras, Vale, Itaú Unibanco, Ambev, and WEG, among other constituents of the IBrX-50 Index.

The ETF seeks to reflect the performance of the IBrX-50, a benchmark representing some of the most liquid and relevant companies listed on the B3 across multiple sectors of the Brazilian economy.

Structure and costs

PIBB11 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 low management fee, with a total annual cost of approximately 0.06% per year. PIBB11 does not apply a performance fee.

Dividends and interest on equity received from underlying holdings are automatically reinvested into the fund, contributing to the appreciation of the ETF’s share value. The fund has an indefinite duration.

History and evolution of the ETF

The PIBB IBrX-50 ETF Fundo de Índice was launched in 2004, making it one of the first ETFs available in the Brazilian market. Its objective was to simplify access to a diversified portfolio of Brazilian equities through a single exchange-traded instrument.

Over time, the fund became one of the most established equity ETFs in Brazil, reflecting the development and growing sophistication of the local capital market.

In recent years, PIBB11 has reflected fluctuations in the Brazilian stock market, influenced by macroeconomic conditions, monetary-policy decisions, fiscal developments, commodity prices, and the performance of companies listed on the B3.

Additional Information

PIBB IBrX-50 ETF Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $918.71 Millions.

Over the past 12 months, PIBB IBrX-50 ETF Fundo de Índice recorded a return of 26.02%, with its price trading between $232.13 and $354.95 during the same period.

The ETF is traded under the ticker PIBB11.