USTK11

The Trend ETF U.S. Technology Fundo de Índice (USTK11) is a Brazilian exchange-traded fund designed to provide exposure to the U.S. information technology sector through investments linked to the MSCI US Investable Market Information Technology 25/50 Index. The ETF is administered by BNP Paribas Brasil S.A. and trades under the ticker USTK11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its objective is to provide investors with exposure to companies operating across the technology industry through investments in the Vanguard Information Technology ETF (VGT), which tracks a broad benchmark of U.S. technology companies.

Composition / Exposure profile

USTK11 provides exposure primarily associated with:

• Information technology companies.

• Semiconductor manufacturers.

• Software developers.

• Hardware and equipment producers.

• Cloud-computing businesses.

• Artificial-intelligence technologies.

• U.S. equity markets.

• U.S. dollar exposure.

The underlying portfolio includes leading technology companies such as Nvidia, Apple, Microsoft, Broadcom, and Oracle, alongside a broad range of businesses operating throughout the technology ecosystem.

Performance is largely influenced by innovation cycles, enterprise technology spending, semiconductor demand, artificial-intelligence adoption, and broader economic conditions affecting the global technology industry.

Structure and costs

USTK11 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 total management fee of approximately 0.39% per year, including fees charged in Brazil (0.30% per year) and by the underlying international ETF (0.09% per year).

USTK11 does not apply a performance fee and does not provide recurring income distributions, as dividends and other proceeds received from underlying holdings are automatically reinvested and reflected in the ETF’s share price.

History and evolution of the ETF

The Trend ETF U.S. Technology Fundo de Índice was launched in 2021 with the objective of providing Brazilian investors with access to the global technology sector through an exchange-traded structure linked to a diversified international ETF.

Since inception, the fund has become part of the growing international ETF segment in Brazil, reflecting increasing investor interest in technology, innovation, and long-term structural growth themes.

In recent years, USTK11 has reflected fluctuations in the global technology sector, influenced by technological innovation, corporate earnings growth, interest-rate expectations, digital-transformation trends, and broader macroeconomic conditions.

Additional Information

Trend ETF U.S. Technology Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $70.47 Millions.

Over the past 12 months, Trend ETF U.S. Technology Fundo de Índice recorded a return of 37.18%, with its price trading between $15.47 and $22.52 during the same period.

The ETF is traded under the ticker USTK11.