The It Now Russell 1000 Green Revenues 50 ETF (REVE11) is a Brazilian exchange-traded fund designed to track the performance of the Russell 1000 Green Revenues 50 Index, a FTSE Russell benchmark focused on large-cap U.S. companies engaged in the transition to a green economy.

Managed by Itaú Asset Management, the ETF trades under the ticker REVE11 on the B3 and provides Brazilian investors with exposure to 50 U.S. companies selected according to the share of their revenue associated with green activities. Classified as an international thematic equity ETF, REVE11 follows a passive management strategy.

The fund seeks to replicate the Russell 1000 Green Revenues 50 Index primarily by investing directly in the benchmark's constituent stocks traded on international exchanges.

The benchmark starts with the Russell 1000 universe and uses FTSE Russell's Green Revenues data model to identify companies with exposure to the green economy. REVE11 therefore combines U.S. equity exposure with a thematic methodology focused on products and services associated with the transition toward a lower-impact economy.

Composition / Exposure Profile

REVE11 provides exposure primarily to:

• Large-cap U.S. companies.

• Companies generating revenue from activities associated with the green economy.

• Technology, industrial, and other businesses associated with the environmental transition.

• The U.S. equity market.

• A thematic green economy strategy.

• U.S. dollar currency exposure.

The Russell 1000 Green Revenues 50 Index selects 50 companies from the Russell 1000 universe. Companies are assessed using the Green Revenues Ratio, which measures the proportion of revenue associated with activities classified as green under FTSE Russell's methodology.

For constituent selection, companies are ranked according to their industry-demeaned Green Revenues Ratio. The methodology also applies a 10-company buffer to reduce turnover: companies ranked within the top 40 are selected, while existing constituents ranked as low as 60 may remain in the benchmark until the portfolio reaches 50 companies.

Structure and Costs

REVE11 shares trade on the secondary market on the B3 during regular trading hours, with a standard trading lot of one share. The fund obtains its benchmark exposure primarily by investing directly in the stocks included in the index, rather than relying exclusively on an underlying foreign ETF.

REVE11 charges an annual management fee of 0.50%. The ETF is not designed to make recurring income distributions to shareholders. Returns generated by the underlying portfolio are reflected in the fund's net asset value and share price.

History and Evolution of the ETF

The It Now Russell 1000 Green Revenues 50 ETF was launched in 2021 by Itaú Asset Management. REVE11 shares began trading on the B3 that year, expanding the range of international thematic ETFs available to Brazilian investors.

The fund was introduced to provide exchange-traded access to U.S. companies associated with the transition to a green economy. Its benchmark uses the Russell 1000 as its selection universe and incorporates FTSE Russell Green Revenues data to identify the 50 companies that meet its methodology requirements.

Since its launch, REVE11 has reflected developments among these companies and across green economy-related activities. Its performance is influenced by broader U.S. equity market cycles as well as environmental investment trends, technological innovation, the energy transition, interest rates, and movements in the U.S. dollar against the Brazilian real.

Additional Information

It Now Russell 1000 Green Revenues 50 ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $6.68 million.

Over the past 12 months, It Now Russell 1000 Green Revenues 50 ETF recorded a return of 18.19%, with its price trading between $63.16 and $80.14 during the same period.

The ETF is traded under the ticker REVE11.