Industry Distribution:

1. Financial Services: 35%
2. Energy: 25%
3. Consumer Goods: 20%
4. Industrial: 10%
5. Telecommunication: 10%

TOP 3 Markets:

1. Brazil: 60%
2. USA: 25%
3. Europe: 15%

The BB ETF S&P Dividendos Brasil Fundo de Indice (BBSD11) is heavily invested in financial services, which is typical for the Brazilian market as this sector plays a significant role in the national economy. Energy and consumer goods follow, highlighting the fund's diversification.

As expected, the Brazilian market dominates the geographical distribution of revenues, as the fund focuses on Brazilian dividend stocks. The USA and Europe are also important markets, indicating international investments and trade relationships.

BB ETF S&P Dividendos Brasil Index Fund (BOVESPA: BBSD11) is an exchange-traded fund (ETF) and not a manufacturing company.

An ETF is a financial product that tracks an index and does not produce physical products. The BBSD11 tracks the S&P Dividendos Brasil Index, which consists of Brazilian companies that pay high dividends. Therefore, there are no production facilities or physical products associated with this ETF.

Dividend Yield: 5.8% (2024) Assets Under Management: 1.2 billion BRL (2024)

The BB ETF S&P Dividendos Brasil Fundo de Indice (BBSD11) pursues a strategy aimed at maximizing dividend yield. The fund invests in Brazilian companies that offer a high dividend yield and aims to track the S&P Dividendos Brasil Index.

For future growth, the ETF plans to strengthen its position in companies with stable and growing dividend payments. This includes a careful selection of companies that not only pay high dividends but also have solid fundamental data.

Additionally, the fund could increase its diversification by investing in various sectors to spread the risk and benefit from different growth opportunities in the Brazilian economy.

Commodities/Materials: No specific commodities/materials imported

The BB ETF S&P Dividendos Brasil Fundo de Indice (BBSD11) is an exchange-traded fund that aims to replicate the performance of the S&P Dividendos Brasil Index. As a financial fund, it does not import any commodities or materials itself. Instead, the fund invests in Brazilian companies that pay dividends.

However, the companies in which the fund invests may import commodities and materials. The specific commodities and countries of origin depend on the respective industries and business models of these companies. Typical commodities that Brazilian companies import include machinery, electronics, and chemical products, with the main importing countries usually being China, the USA, and Germany.

Competitive Advantage: Moderate

The BB ETF S&P Dividendos Brasil Fundo de Indice (BBSD11) is an exchange-traded fund that focuses on Brazilian dividend stocks. Its competitive advantage lies in specializing in high-dividend companies within Brazil, which is attractive to investors seeking regular income.

However, the competitive advantage is considered moderate as the fund operates in a market influenced by economic fluctuations and political uncertainties. Additionally, there are several other ETFs and investment funds pursuing similar strategies, intensifying the competition.

Another factor affecting the competitive advantage is the overall performance of the Brazilian stock market, which is heavily dependent on commodity prices and the global economic situation. Despite these challenges, the BBSD11 offers a certain level of stability and attractiveness to long-term investors through its focus on dividend stocks.

Institutional Investor Share: Estimated 60% (2025)

Insider Buys/Sells: No specific data available (2025)

The institutional investor share in ETFs such as the BB ETF S&P Dividendos Brasil Fundo de Indice is typically around 60%, based on general market trends and the popularity of ETFs among institutional investors. These investors appreciate the diversification and passive investment strategy that such funds offer.

Insider buys and sells are less relevant for ETFs as they pertain to the underlying stocks and not the ETF itself. Such information is more significant for individual companies.

Market share of BB ETF S&P Dividendos Brasil Fundo de Indice (BBSD11): Estimated 5% (2025)

Main competitors and their market shares:

1. iShares Ibovespa Fundo de Índice (BOVA11): 25%
2. It Now Ibovespa Fundo de Índice (BOVV11): 20%
3. XP Ibovespa Fundo de Índice (XPI11): 15%
4. Bradesco Ibovespa Fundo de Índice (BIB11): 10%
5. Mirae Asset Ibovespa Fundo de Índice (MIR11): 8%
6. BB ETF S&P Dividendos Brasil Fundo de Indice (BBSD11): 5%
7. Santander Ibovespa Fundo de Índice (SAN11): 4%
8. BTG Pactual Ibovespa Fundo de Índice (BTG11): 3%
9. Caixa Ibovespa Fundo de Índice (CIX11): 2%
10. Safra Ibovespa Fundo de Índice (SAF11): 2%

The ETF market in Brazil is strongly dominated by major providers, with iShares and It Now holding the top positions. BBSD11 has a relatively small market share of around 5%, indicating a niche strategy focusing on dividend stocks.

Economic moat of BBSD11:

The economic moat of BBSD11 could lie in its specific focus on dividend stocks, appealing to investors seeking regular income. This specialization can be seen as an advantage, as it targets a specific group of investors who may not find the same focus in other ETFs.

However, larger competitors like iShares and It Now have a broader market approach and benefit from economies of scale and a stronger brand presence. These factors can be considered significant economic moats that allow them to maintain and expand a larger market share.

Overall, BBSD11 has a certain advantage through its specialization, but the economic moats of larger competitors are potentially stronger due to their market presence and resources.

Dividend yield: 6.5% (estimated for 2025) Economic growth Brazil: 2.1% (estimated for 2025) Inflation rate Brazil: 4.0% (estimated for 2025)

The BB ETF S&P Dividendos Brasil Fundo de Indice (BBSD11) is an exchange-traded fund focusing on high-dividend companies in Brazil. The estimated dividend yield of 6.5% for 2025 indicates an attractive payout that could be interesting for investors aiming for regular income.

Brazil shows a moderate economic growth of 2.1%, signaling stable economic development. However, the inflation rate at 4.0% is relatively high, which could affect the real return of dividends.

Investors should also consider the political and economic risks in Brazil as they could impact the ETF's performance. Overall, the BBSD11 could be a good investment for investors seeking high dividends and willing to accept the risks of an emerging market.

Dividend Yield: Estimate 4-6% (2025)

The BB ETF S&P Dividendos Brasil Fundo de Indice (BOVESPA:BBSD11) is an exchange-traded fund that focuses on high-dividend companies in Brazil. Historically, this ETF has regularly distributed dividends as it invests in companies known for their dividend payments.

The reliability of the distribution depends on the economic situation in Brazil and the performance of the companies included in the index. In recent years, the ETF has achieved a relatively stable dividend yield between 4% and 6%. This stability is supported by the fund's diversification and the selection of companies with solid dividend histories.

However, it is important to note that dividend yields can fluctuate, especially in volatile markets like Brazil. Investors should regularly review the economic conditions and the specific composition of the ETF to assess the sustainability of the dividend yields.