XFIX11

The Trend ETF IFIX Fundo de Índice (XFIX11) is a Brazilian exchange-traded fund designed to provide exposure to the Brazilian real estate investment trust (REIT) market through investments linked to the IFIX Index. The ETF is managed by XP Vista Asset Management Ltda. and trades under the ticker XFIX11 on the B3.

Classified as a real estate equity ETF, the fund follows a passive management strategy. Its structure invests primarily in assets that compose the IFIX, the benchmark calculated by B3 and widely used as a reference for the Brazilian real estate fund market.

Composition / Exposure profile

XFIX11 provides exposure primarily associated with:

• Brazilian listed real estate investment funds (FIIs).

• Logistics properties.

• Shopping centers.

• Office buildings.

• Real estate receivables funds.

• Urban-income real estate assets.

• Brazilian real estate markets.

• Income-oriented investment strategies.

The ETF’s performance is particularly sensitive to interest-rate movements, inflation expectations, occupancy levels, property-market conditions, and investor demand for income-generating assets.

Changes in monetary policy by the Central Bank of Brazil, economic activity, and financing conditions may directly affect the fund’s behavior. The ETF may also reflect developments associated with commercial real estate markets and the broader investment-fund industry.

Structure and costs

XFIX11 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 incurs operational costs associated with portfolio maintenance and asset trading. XFIX11 does not apply a performance fee and does not provide recurring income distributions directly to shareholders, as income generated by the underlying holdings is reinvested into the fund’s net asset value.

History and evolution of the ETF

The Trend ETF IFIX Fundo de Índice was launched with the objective of facilitating access to the Brazilian real estate fund market through a passive investment structure linked to the IFIX.

Since inception, the fund has become part of the growing range of real estate-related ETFs available on the B3, reflecting the expansion of the Brazilian FII market and increasing investor interest in real estate diversification.

In recent years, XFIX11 has reflected fluctuations in listed real estate funds and the broader property market, influenced by macroeconomic conditions, interest-rate cycles, inflation dynamics, economic activity, and developments within Brazil’s real estate sector.

Additional Information

Trend ETF IFIX Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $38.07 Millions.

Over the past 12 months, Trend ETF IFIX Fundo de Índice recorded a return of 9.62%, with its price trading between $12.01 and $13.92 during the same period.

The ETF is traded under the ticker XFIX11.