it now!

Dividends and other rights related to the stocks making up the portfolio of the funds are not paid to the investors. All rights are automatically reinvested in ETFs It Now, except in circumstances when shares are redeemed and amortized or funds liquidated.

No. For reasons of operational efficiency and management costs, investors cannot create or redeem shares of the It Now Index Funds directly with the portfolio manager. To create or redeem units, and trade shares on Bolsa de Comercio de Santiago, find an authorized agent.

Click here to see the list of authorized agents.

By buying an It Now ETF you can buy a diversified portfolio of stocks in a single transaction. Here are some other benefits:

Efficiency in allocation: By replicating the entire portfolio of an index, shares can help in investment strategies that seek to capture the profitability of an entire industry, but also to defend oneself against the typical fluctuations of direct investment in stocks.

Diversification: the shares of ETFs It Now represent a fraction of a diversified portfolio of assets, reducing the risks of investment concentration.

Transparency: like any stock, the value of ETFs is posted constantly during the day's trading, on the INAV (Net Asset Value Indicator), calculated and published by Bolsa de Comercio de Santiago.

Flexibility: It Now ETF quotas can be traded just like any stock while the trading session is open, by means of buy and sell orders placed by a broker, or by online trading (home broker).

Low cost: With ETFs It Now you can trade several stocks from an index in a single operation.

No, ETFs It Now cannot be redeemed in cash. But the shares can be sold on the Bolsa de Comercio de Santiago like any other stock listed for trading on the stock exchange.

Like most mutual funds, the net equity or Net Asset Value (NAV) of an It Now ETF is calculated daily, and is equal to the sum of the fund's assets minus its liabilities, both being evaluated by reference to market prices on the date of the calculation. The net equity value per share is obtained by dividing NAV by the number of the fund's shares circulating on the same day. The NAV of ETFs It Now will be published daily on our site (www.itau.com.br/itnow).

ETFs It Now are traded like stocks, and the shares may be traded in the form of buy and sell orders placed with your broker or directly by online trading (home broker).

Click here to see a list of all the brokers registered at Bolsa de Comercio de Santiago.

No. You can buy and sell shares in ETFs It Now on the same day, within the working hours of the trading session of the stock exchange.

ETFs It Now are traded like a stock, and their prices on the stock market fluctuates according to supply and demand for shares on the trading session. When the price of the ETF is at premium with respect to its reference share price, the market maker, an authorized agent or a large investor can buy the fund's basket of assets and request shares to be created in order to sell them to the market, thus regulating demand for this asset.

Likewise, when the price of the ETF is at a discount to respect to its reference share price, the same participant(s) can buy shares of the fund on the stock market and asked to redeem the basket of assets, regulating the supply of shares. This process is known in the market as arbitrage.

Stock exchange: provides a platform for listing, trading, settlement and custody.

Portfolio manager: responsible for managing the fund's portfolio and replicating the performance of the benchmark index.

Fund administrator: responsible for administering the fund and the creation and redemption of ETFs shares. In the case of It Now, the administrator is Itaú itself.

Authorized Agent: a broker that can issue and redeem units of ETFs It Now, having a direct relationship with the fund administrator.

Market Maker: a broker or distributor of certificates and securities that plays the important role of giving the product liquidity by daily operations of buying and selling shares. It is usually an authorized participant.

Custodian: provides a safekeeping service for the ETFs and their underlying  assets and is responsible for the creation and redemption of the shares.

When you buy shares of an It Now ETF, you buy a diversified portfolio of stocks in a single operation. To obtain the same benefit of diversification by buying all the stocks making up the fund, you would have to carry out a far larger number of operations, adding cost and risk.

It Now is the family of Itaú Index Funds. Index funds, also known as ETFs (Exchange Traded Funds) are investment funds that seek to replicate the performance of a given market index, with shares traded on the stock exchange. With a single transaction on the stock exchange, the investor buys a portfolio of stocks, instantly accessing a given market or market segment.

The minimum investment to buy shares in an It Now ETF on the market is a standard unit traded on the Bolsa de Comercio de Santiago, which is 10 (ten) shares of the fund, multiplied by the updated price of the share on the stock exchange.

An It Now ETF may only have those expenses laid down in the fund's Bylaws, such as the management fee, the annual contribution to Bolsa de Comercio de Santiago, payments and commissions of the operations of the fund, expenses with custody and liquidation of the fund's operations, and fees and expenses for independent auditors. If you have a query, consult the fund's Bylaws.