Nu Asset launches NLFA11, a private credit ETF that replicates the Anbima index

São Paulo, December 17, 2025 – Nu Asset, Nubank’s investment manager, launches today the Nu Letras Financeiras da Anbima (NLFA11), its new ETF that arrives to complement the fixed-income shelf. The fund is the first to replicate the Anbima Financial Bills Index (ILFA), which was developed by the association itself at the request of Nu Asset to debut an ETF from the manager in the local private credit market.

The NLFA11 was designed to be a fixed-income solution aligned with market best practices, seeking to meet a relevant and growing demand for high-quality, low-risk, and liquid private credit strategies.

“The differentiator of NLFA11 lies precisely in following an index created to be a benchmark for the pricing of private credit assets from financial institutions in Brazil. We have combined the credit security of financial institutions, the liquidity of an ETF, tax efficiency, and also the robustness of an index developed by ANBIMA itself,” says Andrés Kikuchi, Chief Investment Officer at Nu Asset.

The ETF will be available for trading starting December 17 and will join Nu Asset’s ETF portfolio, which covers fixed income, credit, equities, and cryptocurrencies. NLFA11 will be traded on the exchange with T+1 settlement (one business day) and will have a global fee of 0.25% per year, replicating the ILFA developed by ANBIMA, which provides the indicative curves and rates that serve as the standard for pricing and constructing the main fixed-income and credit indices in the market, being the main reference in the Brazilian market for fixed-income indices and asset pricing. The taxation on capital gains from the sale of shares will be 15% and without the incidence of IOF.

Nu Asset has R$6.4 billion under management, 26 investment funds, and 1.4 million shareholders. Its team uses data science and technology to create innovative and transparent investment solutions. Among its main milestones are the launch of the first ETF to distribute dividends on the B3 in 2023 (NDIV11), the first smart betas of the Bovespa index – which also include Low Volatility (LVOL11) and High Beta (HIGH11); as well as the first global private credit ETFs hedged to the Real – Nu Iboxx Investment Grade Hedge Carry BRL (HGBR11) and Nu Iboxx High Yield Hedge Carry BRL (HYBR11) – and the first Bitcoin futures contract ETF on the B3 – Nu Nasdaq Brazil Bitcoin Carry Futuros (NBIT11).