Summary
Nu Ibovespa B3 BR+ ETF is an ETF - a fund traded on an exchange like a stock - run by Nu Asset Management. Positions inside: 83. The ten largest make up 56% of the fund.
- Yearly costs
- 0.10%
- Fund size
- R$ 20.5M
- Positions
- 83
- Dividends
- Reinvested
- Running since
- 2024
What speaks for it
- Costs of 0.10% a year are below the middle of comparable funds (0.43%).
What to watch
- The ten largest positions make up 56% of the fund, so its result rests on a few names.
- A young fund: it has been running only since 2024.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -8.0%
- 3 months
- -6.1%
- This year
- -2.7%
- 1 year
- +2.8%
- Avg. market cap
- $56.4B
- P/E
- 8.1x
- Forward P/E
- 7.3x
- P/S
- 0.7x
- P/B
- 1.3x
- P/FCF
- 3.9x
- EV/EBITDA
- 6.0x
- Dividend yield
- 4.91%
- ROIC
- -132.0%
- ROE
- 18.1%
- Gross margin
- 35.8%
- Operating margin
- 24.9%
- Net margin
- 23.1%
- Payout ratio
- 40.0%
- Net debt/EBITDA
- 2.3x
- Beta
- 0.89
Weighted average of the 50 largest companies, which make up 74% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 MELI34 10%
- 2 ROXO34 7.4%
- 3 VAVale S.A. VALE3.SA 6.8%
- 4 ITItaú Unibanco Holding S.A. ITUB4.SA 6.6%
- 5 PEPetróleo Brasileiro S.A. - Petrobras PETR4.SA 6.6%
- 6 PEPetróleo Brasileiro S.A. - Petrobras PETR3.SA 5.8%
- 7 AXAXIA Energia AXIA3.SA 3.5%
- 8 B3B3 S.A. - Brasil, Bolsa, Balcão B3SA3.SA 3.0%
- 9 SBCompanhia de Saneamento Básico do Estado de São Paulo - SABESP SBSP3.SA 2.9%
- 10 BBBanco Bradesco S.A. BBDC4.SA 2.7%
Positions in the fund: 83. The ten largest make up 56% of it.
Composition as of Oct 23, 2026.
Where is it spread?
Spread outBy country
- Brazil 78%
- Netherlands 1.3%
- Other countries 21%
By company size
- Large cap 81%
- Mid cap 17%
- Small cap 1.9%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 78% of the fund.
Largest country: Brazil (78%). Largest size group: Large cap (81%).
What does it cost me?
Cheap- A year from R$ 10,000
- R$ 10.00
- Over 20 years
- R$ 501
From every R$ 10,000 invested the fund takes R$ 10.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about R$ 501.
How has it done?
Growing slowly- Over the last year
- +2.8%
- Deepest drop
- -21%
- Yearly volatility
- 23%
Growth over the last year: 2.8%. Deepest drop in these years: 21% below the earlier high.
Does it pay dividends?
No, it reinvestsThe fund pays nothing out. What its holdings earn stays inside and shows in the price.
Is it easy to buy and sell?
- Traded a day
- R$ 262.1K
- Shares a day
- 2.3K
On an average day about R$ 262.1K of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 8.1
- Average Bulios Score
- 66 out of 100
Weight by Bulios Fair Price
- Undervalued 51%
- Fairly valued 17%
- Overvalued 33%
On average the companies inside trade for 8.1 times their yearly profit. By Fair Price, 51% of the rated weight comes out as undervalued.
Counted from its largest companies (50), which make up 74% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FL FLBR Franklin FTSE Brazil ETF | United States | 0.19% | $302.5M | +8.3% | Pays out | 71% |
EW EWZ iShares MSCI Brazil ETF | United States | 0.59% | $8.54B | +6.3% | Pays out | 66% |
IQ IQQB.DE iShares MSCI Brazil UCITS ETF USD (Dist) | Ireland | 0.74% | $580.9M | +11% | Pays out | 65% |
IB IBZL.MI iShares MSCI Brazil UCITS ETF USD (Dist) | Ireland | 0.74% | $582.6M | +11% | Pays out | 65% |
4B 4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) | Germany | 0.27% | $3.69B | +11% | Reinvests | 65% |
FL FLLA Franklin FTSE Latin America ETF | United States | 0.19% | $48.3M | +9.9% | Pays out | 59% |