The Trend ETF Global Technology Fundo de Índice (UTEC11) is a Brazilian exchange-traded fund designed to provide exposure to the global technology sector through investments linked to an international benchmark composed of technology companies. The ETF is managed by XP Asset Management and trades under the ticker UTEC11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its objective is to invest primarily in shares of an international ETF or equivalent assets that provide exposure to technology companies, seeking to replicate the performance of the global technology sector.

Composition / Exposure profile

UTEC11 provides exposure primarily associated with:

• Global technology companies.

• Software and cloud-computing businesses.

• Semiconductor manufacturers.

• Digital-services providers.

• Hardware and technology-equipment companies.

• Innovation-driven industries.

• International equity markets.

• Long-term technology-sector growth themes.

The portfolio is designed to provide diversified access to companies that play a significant role in technological innovation and digital transformation across global markets.

Performance is generally influenced by technological advancements, corporate earnings growth, interest-rate expectations, investor sentiment toward growth stocks, and broader developments affecting the global technology sector.

Structure and costs

UTEC11 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 management fee, in addition to costs associated with the international assets and investment vehicles held within the portfolio.

UTEC11 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 value.

History and evolution of the ETF

The Trend ETF Global Technology Fundo de Índice was created to facilitate access to the global technology sector through the Brazilian stock exchange using an international investment structure.

Since inception, the fund has become part of the growing segment of international ETFs available in Brazil, reflecting investor demand for geographic diversification and exposure to companies driving innovation across the global economy.

In recent years, UTEC11 has reflected fluctuations in global technology stocks, influenced by macroeconomic conditions, technological innovation, monetary-policy decisions, and the performance of companies operating in some of the world's most dynamic industries.

Additional Information

Trend ETF Global Technology Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $274.36 million.

Over the past 12 months, Trend ETF Global Technology Fundo de Índice recorded a return of 19.23%, with its price trading between $20.81 and $29.85 during the same period.

The ETF is traded under the ticker UTEC11.