BRFVanEck Brazil Small-Cap ETF
Fund Description
VanEck Brazil Small-Cap ETF (BRF®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Brazil Small-Cap Index (MVBRFTR), which includes securities of small capitalization companies that are incorporated in Brazil or that are incorporated outside of Brazil but have at least 50% of their revenues/related assets in Brazil.
-
Fund Ticker
BRF -
Exchange
NYSE Arca -
Inception Date
05/12/2009 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVBRFTR -
Index Rebalancing
Quarterly
as of 03/27/23
-
30-Day SEC Yield1
3.87% -
Total Net Assets
$23.7M -
Number of Holdings
101 -
Options
Available -
Gross Expense Ratio2
0.84% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Brazil Beckons with Low Valuations and Growth Potential
Key Documents and Links
Fund Highlights
- Small Cap Focus
Small caps may offer greater exposure to domestic growth, less exposure to global cyclicals
- Largest Economy in Latin America
Brazil has a vibrant economy with favorable demographics; nearly 40% of the population are under the age of 25
- Pure Play
Companies must be incorporated in, or derive at least 50% of total revenues from Brazil to be added to the index
Trading Information
-
Fund Ticker
BRF -
Index Total Return Ticker
MVBRFTR -
NAV
BRFNV -
Intraday NAV (IIV)4
BRFIV -
Shares Outstanding
1,850,000 -
Estimated Cash
BRFEU -
Total Cash
BRFTC -
CUSIP
92189F825 -
ISIN
US92189F8251
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.34% -
Gross Expense Ratio
0.84% -
Fee Waivers and
-0.25%
Expense Reimbursement -
Net Expense Ratio/TER2
0.59%
2 Expenses for BRF are capped contractually at 0.59% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/12/09 |
|
---|---|---|---|---|---|---|---|---|
BRF (NAV) | -10.95 | -7.80 | -3.23 | -20.20 | -14.72 | -9.26 | -8.22 | -0.62 |
BRF (Share Price) | -10.77 | -7.38 | -1.78 | -19.96 | -14.48 | -9.12 | -8.13 | -0.60 |
MVBRFTR (Index) | -10.39 | -5.91 | -2.90 | -19.89 | -13.88 | -8.65 | -7.60 | 0.04 |
Performance Differential (NAV - Index) | -0.56 | -1.89 | -0.33 | -0.31 | -0.84 | -0.61 | -0.62 | -0.66 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/12/09 |
|
---|---|---|---|---|---|---|---|---|
BRF (NAV) | -4.72 | -7.27 | -13.31 | -13.31 | -18.56 | -7.64 | -7.73 | -0.39 |
BRF (Share Price) | -5.70 | -8.16 | -14.75 | -14.75 | -18.78 | -7.94 | -7.92 | -0.48 |
MVBRFTR (Index) | -3.10 | -6.57 | -13.09 | -13.09 | -17.96 | -7.08 | -7.12 | 0.26 |
Performance Differential (NAV - Index) | -1.62 | -0.70 | -0.22 | -0.22 | -0.60 | -0.56 | -0.61 | -0.65 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Kinea Indice De Precos Fii |
KNIP11 BZ
|
57,627
|
1,001,644 | 4.10 |
Alupar Investimento Sa |
ALUP11 BZ
|
165,437
|
857,923 | 3.51 |
3r Petroleum Oleo E Gas Sa |
RRRP3 BZ
|
121,950
|
848,103 | 3.47 |
Aliansce Sonae Shopping Centers Sa |
ALSO3 BZ
|
251,094
|
819,163 | 3.36 |
Ero Copper Corp |
ERO CN
|
46,879
|
735,222 | 3.01 |
Cia De Saneamento Do Parana |
SAPR11 BZ
|
216,000
|
703,848 | 2.88 |
Petroreconcavo Sa |
RECV3 BZ
|
115,200
|
622,709 | 2.55 |
Karoon Gas Australia Ltd |
KAR AU
|
377,972
|
587,840 | 2.41 |
Iguatemi Sa |
IGTI11 BZ
|
156,850
|
579,112 | 2.37 |
Cyrela Brazil Realty Sa Empreendimentos |
CYRE3 BZ
|
188,550
|
539,491 | 2.21 |
Top 10 Total (%) | 29.89 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● Brazil | 84.06 |
● Canada | 3.49 |
● Portugal | 3.36 |
● Australia | 2.41 |
● France | 1.36 |
● United States | 1.31 |
● Libya | 0.80 |
● Italy | 0.77 |
● Germany | 0.70 |
● Japan | 0.66 |
● Chile | 0.59 |
● Israel | 0.23 |
● United Kingdom | 0.22 |
● Other/Cash | 0.06 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Consumer Discretionary | 18.95 |
● Industrials | 13.49 |
● Utilities | 10.40 |
● Energy | 9.70 |
● Real Estate | 7.84 |
● Consumer Staples | 7.56 |
● Health Care | 6.00 |
● Materials | 5.02 |
● Financials | 4.51 |
● Information Technology | 4.42 |
● Communication Services | 1.46 |
● n/a | 10.60 |
● Other/Cash | 0.06 |