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Itaú Asset launches Brazil’s first international fixed income ETF with currency hedge 
 
T10R11 provides exposure to 10-year U.S. Treasury bonds and the interest rate differential between Brazil and the U.S. 
 
São Paulo, August 2025 – Itaú Asset, the largest private asset manager in Latin America and the leading ETF provider in Brazil, announces the launch of It Now S&P U.S. Treasury 10 Years (ticker T10R11), the first international fixed income ETF with currency protection available to Brazilian investors. 
 
The new fund began trading at the end of August on B3 and offers exposure to U.S. Treasuries, widely recognized as the global benchmark for safety and liquidity in financial markets. 
 
“T10R11 is a product that can play a relevant role in diversifying investment portfolios. It combines the safety of U.S. fixed income with the benefit of the positive interest rate differential between Brazil and the U.S. In other words, the investor accesses an asset regarded as globally safe and still earns for it, without exposure to currency volatility,” says Renato Eid Tucci, superintendent of indexed strategies and responsible investment at Itaú Asset. 
 
The interest rate differential between the two countries, currently above 10% per year and near historic highs, may represent an opportunity for Brazilian investors to efficiently incorporate this long-term strategy into their portfolios. 
 
T10R11’s strategy is to track the S&P 10-Year U.S. Treasury Futures Quanto USD-BRL Currency Adjusted Index (BRL), calculated by S&P® Opco LLC. The index aims to reflect the performance of 10-year Treasury futures contracts, traded in reais on B3, adjusted for the interest rate differential. 
 
With a minimum investment starting at R$ 50.00, an administration fee of 0.25% per year, and D+1 liquidity, the ETF stands out as a democratic alternative for accessing international fixed income with currency protection. More than just convenience, T10R11 opens up, for the first time, to Brazilian investors a strategy that was previously almost exclusively available to large institutional investors, making the world’s safest asset with hedge in reais accessible to any individual investor. 
 
With this launch, Itaú Asset now offers 26 ETFs, covering fixed income, equities (local and international), crypto assets, and multi-asset strategies. 
 
More information about Itaú Asset’s ETFs is available at www.itnow.com.br (only in Portuguese)