TIRB11

The BTG Pactual Dividend Strategy ETF (TIRB11) is a Brazilian exchange-traded fund designed to provide exposure to a portfolio of Brazilian equities selected according to dividend and fundamental-analysis criteria through a proprietary investment methodology. The ETF is managed by BTG Pactual and trades under the ticker TIRB11 on the B3.

Classified as a strategy-based equity ETF, the fund does not seek to replicate a broad traditional market index. Instead, its investment approach focuses on companies with characteristics such as earnings consistency, cash-flow generation, and a history of shareholder distributions, seeking to deliver long-term capital appreciation and income potential.

Composition / Exposure profile

TIRB11 provides exposure primarily associated with:

• Dividend-paying Brazilian companies.

• Electric utility businesses.

• Water and sanitation providers.

• Shopping-center operators.

• Infrastructure and concession companies.

• Fundamental-analysis-based stock selection.

• Income-oriented equity strategies.

• Brazilian equity markets.

The ETF seeks to provide exposure to companies selected through a proprietary process focused on financial quality, cash-flow generation, and shareholder-return characteristics.

The ETF’s performance is particularly sensitive to corporate earnings, dividend policies, domestic economic conditions, and investor demand for income-oriented investment strategies.

Structure and costs

TIRB11 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).

According to publicly available fund materials, the ETF does not charge a management fee and does not apply a performance fee. There is no guarantee of recurring income distributions, as any distributions depend on the results generated by the underlying portfolio and the fund’s distribution policy.

History and evolution of the ETF

The BTG Pactual Dividend Strategy ETF was launched in 2024 with the objective of providing a fundamentally driven investment alternative within the Brazilian equity market.

Since inception, the fund has become part of the growing segment of strategy-based ETFs in Brazil, combining elements traditionally associated with active stock selection within an exchange-traded structure.

In recent periods, TIRB11 has reflected both the performance of Brazilian equities and the results of its proprietary selection methodology, influenced by macroeconomic conditions, corporate earnings, dividend trends, and broader market developments.

Additional Information

BTG Pactual Dividend Strategy ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $2.05 Millions.

Over the past 12 months, BTG Pactual Dividend Strategy ETF recorded a return of 29.81%, with its price trading between $10.11 and $15.96 during the same period.

The ETF is traded under the ticker TIRB11.