SPXB11

The BTG Pactual S&P 500 BRL Fundo de Índice (SPXB11) is a Brazilian exchange-traded fund designed to provide exposure to the U.S. equity market through investments linked to the S&P 500 Index. The ETF is managed by BTG Pactual and trades under the ticker SPXB11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its structure seeks to replicate the performance of the S&P 500, an index composed of large-cap companies listed on U.S. stock exchanges.

Diversification and sector exposure

SPXB11 provides exposure primarily associated with:

• U.S. large-cap equities.
• Information technology.
• Healthcare.
• Financials.
• Consumer sectors.
• U.S. equity markets.
• International diversification strategies.
• S&P 500 companies.

The ETF’s performance is particularly sensitive to U.S. economic conditions, Federal Reserve monetary policy, and developments affecting major American corporations.

Structure and costs

SPXB11 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. SPXB11 does not provide recurring income distributions, as portfolio gains are reinvested within the fund structure.

History and evolution of the ETF

The BTG Pactual S&P 500 BRL Fundo de Índice was launched as part of the expansion of international equity ETFs listed on the Brazilian exchange, seeking to broaden local access to the U.S. stock market through a structure linked to the S&P 500.

Since inception, the fund has reflected movements associated with U.S. equity markets, including changes in Federal Reserve monetary policy, fluctuations in corporate earnings, and developments affecting major American companies.

In recent years, SPXB11 has reflected volatility in global financial markets, growth in large U.S. technology companies, and changing macroeconomic conditions associated with interest rates, inflation, and international liquidity cycles.

Additional Information

BTG Pactual S&P 500 BRL Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $169.93 Millions.

Over the past 12 months, BTG Pactual S&P 500 BRL Fundo de Índice recorded a return of 14.46%, with its price trading between $14.38 and $16.96 during the same period.

The ETF is traded under the ticker SPXB11.