The It Now NTN-B 2060 ETF (TD6011) is a Brazilian exchange-traded fund designed to track the performance of the ANBIMA TD2060 Index, a fixed-income benchmark that initially tracks a specific Brazilian inflation-linked government bond maturing in 2060. 

Managed by Itaú Unibanco Asset Management, the ETF trades under the ticker TD6011 on the B3 and provides targeted exposure to the long-term segment of Brazil's inflation-linked sovereign bond market.

Classified as a fixed-income ETF, TD6011 follows a passive management strategy. The fund invests at least 95% of its net assets in securities included in the ANBIMA TD2060 Index or in long futures positions designed to reflect the benchmark's performance.

Initially, the benchmark is based exclusively on the Brazilian Treasury inflation-linked bond (NTN-B, or Tesouro IPCA+) maturing in 2060. This structure provides concentrated exposure to a specific point at the long end of Brazil's real interest-rate curve rather than to a diversified portfolio of government bond maturities.

Composition / Exposure Profile

TD6011 provides exposure primarily to:

• Brazilian inflation-linked government bonds (NTN-B / Tesouro IPCA+).

• The NTN-B maturing in 2060.

• Long-term Brazilian real interest rates.

• Brazil's sovereign fixed-income market.

• IPCA-linked investments.

While the NTN-B 2060 maintains a Prazo Médio de Repactuação (PMR) of at least 780 days, the ANBIMA TD2060 Index is based exclusively on that security. This makes TD6011 significantly more concentrated by maturity than broad inflation-linked bond ETFs holding multiple NTN-Bs.

The benchmark is rebalanced semiannually. Once the NTN-B 2060's PMR falls below 780 days, the index will transition to portfolio construction and rebalancing rules equivalent to those of the ANBIMA IMA-B 5 P2 Index. At that stage, the strategy will shift toward a portfolio of inflation-linked government bonds with maturities of up to 63 months and a minimum portfolio PMR of 720 days.

Structure and Costs

TD6011 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption are conducted according to the procedures established by the ETF structure.

The fund has a total annual fee of 0.20%, consisting of a 0.04% management fee, a 0.13% investment management fee, and a maximum custody fee of 0.03% per year.

TD6011 does not charge a performance fee. Income generated by the underlying securities is incorporated into the fund's net asset value rather than distributed on a recurring basis. The ETF has an indefinite term.

History and Evolution of the ETF

The It Now NTN-B 2060 ETF was launched in 2026 to provide investors with exchange-traded access to a specific long-term Brazilian inflation-linked government bond.

TD6011 was introduced as part of Itaú Asset's lineup of fixed-income ETFs based on customized ANBIMA government bond indexes. Its initial structure provides targeted exposure to the NTN-B 2060, distinguishing it from broader inflation-linked ETFs that diversify their portfolios across several maturities.

Over time, the ETF's exposure is designed to evolve as the underlying bond approaches maturity. Once the predefined PMR threshold is reached, the benchmark will transition to the IMA-B 5 P2 methodology, progressively changing the fund from concentrated exposure to the NTN-B 2060 toward a shorter-maturity portfolio of Brazilian inflation-linked government securities.

Additional Information

It Now NTN-B 2060 ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $2.02 million.

Over the past 12 months, It Now NTN-B 2060 ETF recorded a return of -, with its price trading between $49.00 and $52.48 during the same period.

The ETF is traded under the ticker TD6011.