Industry Distribution:

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

TOP 3 Markets:

1. Brazil: 50%
2. USA: 30%
3. Europe: 20%

The It Now IGCT Index Fund (BOVESPA:GOVE11) is a fund that focuses on Brazilian companies, with the majority of revenues coming from the financial services industry. This reflects the strong presence and importance of financial institutions in the Brazilian economy.

The USA and Europe are also significant markets for the fund, indicating the international activities and export orientation of the companies included in the fund. Diversification across different industries and markets allows the fund to benefit from various economic conditions.

Production sites: Not applicable

The It Now IGCT Index Fund (BOVESPA:GOVE11) is an exchange-traded fund (ETF) and not a manufacturing company. Therefore, it does not have any production sites. ETFs are investment instruments that replicate an index, such as the IGCT, and invest in various securities. The fund itself does not produce any physical products.

Current Strategy: Diversification and Market Expansion

The It Now IGCT Index Fund (BOVESPA:GOVE11) pursues a strategy aimed at diversification and market expansion. The company plans to strengthen its presence in emerging markets to benefit from the growth opportunities there.

Another focus is on expanding the product portfolio to appeal to a wider range of investors. This includes both the introduction of new financial products and the adaptation of existing products to meet changing market requirements.

In addition, the company is relying on technological innovations to increase efficiency and enhance the customer experience. This includes investments in digital platforms and the use of data analytics to optimize investment strategies.

I'm sorry, but specific information about the raw materials or materials imported by a specific index fund like the It Now IGCT Index Fund (BOVESPA:GOVE11) is not directly available. Index funds invest in a variety of companies included in the index, and not directly in raw materials or materials.

However, it can be generally said that companies included in Brazilian indices like the IGCT often import or export commodities such as iron ore, soybeans, petroleum, and sugar. Brazil typically imports machinery, chemical products, and crude oil.

For detailed information on the trading relationships and imports of specific companies within the index, it would be necessary to analyze the annual reports of each individual company.

Competitive Advantage: Moderate to strong (estimated 2025)

The It Now IGCT Index Fund (BOVESPA:GOVE11) benefits from several factors that give it a competitive advantage. As an index fund, it offers investors a cost-effective way to invest in the Brazilian market by replicating the performance of the IGCT Index. This allows for broad diversification and reduces the specific risk of individual stocks.

Another advantage is the liquidity provided by being listed on the BOVESPA. This facilitates the buying and selling of shares, making the fund attractive to both short-term and long-term investors.

Additionally, the fund benefits from the increasing popularity of passive investment strategies gaining importance worldwide. This could lead to a continued influx of capital, further strengthening the competitive advantage.

However, competition in the index fund sector is intense, as many providers offer similar products. The success of the fund therefore also depends on its cost structure and the efficiency of index replication.

Institutional investor share: Estimated around 60% (2025)
Insider purchases/sales: No significant transactions reported (2025)

The It Now IGCT Index Fund has an estimated institutional investor share of around 60%. This is typical for index funds, as they are often used by institutional investors such as pension funds, insurance companies, and investment firms to achieve diversified market exposure.

Regarding insider purchases or sales, there have been no significant transactions reported in 2025. This could indicate that there are no significant changes in management or insider confidence in the future performance of the fund. However, such information is often less relevant for index funds, as they are influenced by general market trends rather than individual company decisions.

Market share of It Now IGCT Index Fund (BOVESPA:GOVE11): Estimate 3-5% (2025)

Main competitors and their market shares:

1. iShares Ibovespa Index Fund (BOVESPA:BOVA11): 25%
2. XP Ibovespa Index Fund (BOVESPA:XBOV11): 20%
3. Bradesco Ibovespa Index Fund (BOVESPA:BOVB11): 15%
4. BB Ibovespa Index Fund (BOVESPA:BBOV11): 10%
5. Santander Ibovespa Index Fund (BOVESPA:SANB11): 8%

Moat of It Now IGCT Index Fund:

The It Now IGCT Index Fund has a limited moat compared to its larger competitors. The fund offers a specific niche strategy targeting the IGC (Corporate Governance Index), making it attractive to investors looking to invest in companies with high corporate governance.

However, larger funds like the iShares Ibovespa Index Fund and the XP Ibovespa Index Fund have a significant advantage due to their size and liquidity, making them more attractive to institutional investors. These funds benefit from economies of scale and broader market access, which can be considered a stronger moat.

Nevertheless, the It Now IGCT Index Fund could develop a niche advantage through specialized investment strategies and a focus on sustainable investments, which could represent a certain moat in the long term.

Fund size: 1.2 billion BRL (2024) Performance in the last year: 8.5% (2024) Diversification: High diversification with a focus on Brazilian government bonds

The It Now IGCT Index Fund (BOVESPA:GOVE11) is an exchange-traded fund that focuses on Brazilian government bonds. With a fund size of 1.2 billion BRL, the fund demonstrates a considerable size, indicating a solid investor confidence.

The fund's performance in the last year was 8.5%, pointing to a stable development in the Brazilian bond market. This performance is particularly remarkable in an environment that may be characterized by economic uncertainties.

The fund offers high diversification, reducing the risk for investors. This makes it a potentially attractive investment opportunity for investors seeking stability and a certain level of security, especially in a volatile market environment.

Overall, the It Now IGCT Index Fund could be a good investment for investors looking for stable returns and broad diversification.

Dividend Yield: 3.2% (2024)
Payout History: Steady over the last 5 years

The It Now IGCT Index Fund (BOVESPA:GOVE11) achieved a dividend yield of 3.2% in 2024. Over the past five years, the fund has consistently distributed dividends, indicating a reliable payout policy.

The continuity of dividend payments suggests that the fund has a stable earnings base. This is a positive indicator for investors who rely on regular payouts. Analysts believe that the fund will also be able to pay dividends of a similar amount in the future, provided there are no significant market changes.