UTLL11

The BTG Pactual Utilidade Pública ETF (UTLL11) is a Brazilian exchange-traded fund designed to provide exposure to companies operating in Brazil’s utility sector through investments linked to the BM&FBOVESPA Utilities Index (UTIL). The ETF is managed by BTG Pactual and trades under the ticker UTLL11 on the B3.

Classified as an equity ETF, the fund follows a passive management strategy. Its structure invests in a portfolio of stocks that compose the benchmark index, seeking to reflect the performance of companies operating in sectors such as electric utilities, sanitation, natural gas, and other essential public services.

Composition / Exposure profile

UTLL11 provides exposure primarily associated with:

• Electric utility companies.

• Water and sanitation providers.

• Natural gas distributors.

• Energy generation and transmission businesses.

• Regulated infrastructure assets.

• Essential-service providers.

• Defensive equity strategies.

• Brazilian utility-sector exposure.

The underlying exposure may include companies such as Sabesp, Eletrobras, Equatorial, Eneva, Copel, Cemig, Energisa, and Engie Brasil, among other constituents of the BM&FBOVESPA Utilities Index.

The ETF’s performance is particularly sensitive to regulatory developments, tariff adjustments, energy-demand trends, and broader macroeconomic conditions affecting infrastructure and public-service providers.

Structure and costs

UTLL11 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. UTLL11 distributes recurring income to shareholders according to the fund’s distribution policy.

History and evolution of the ETF

The BTG Pactual Utilidade Pública ETF was launched in 2025 with the objective of expanding access to Brazil’s utility sector through an index-based investment structure listed on the B3.

Since inception, the fund has become part of the growing range of sector-focused ETFs available in Brazil, reflecting investor interest in industries often viewed as more stable and defensive within the equity market.

In recent periods, UTLL11 has reflected the performance of Brazilian utility companies, influenced by regulatory conditions, tariff policies, macroeconomic developments, and demand for essential public services.

Additional Information

BTG Pactual Utilidade Pública ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $2.94 Millions.

Over the past 12 months, BTG Pactual Utilidade Pública ETF recorded a return of -, with its price trading between $97.66 and $143.48 during the same period.

The ETF is traded under the ticker UTLL11.