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 05/26/23
-
30-Day SEC Yield1
3.00 -
Total Net Assets
$30.5M -
Number of Holdings
99 -
Options
Available -
Gross Expense Ratio2
0.90% -
Net Expense Ratio/TER2
0.66% -
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
1,900,000 -
Estimated Cash
BRFEU -
Total Cash
BRFTC -
CUSIP
92189F825 -
ISIN
US92189F8251
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.33% -
Acquired Fund Fees and Expenses
0.07% -
Gross Expense Ratio
0.90% -
Fee Waivers and
-0.24%
Expense Reimbursement -
Net Expense Ratio/TER2
0.66%
2 Expenses for BRF are capped contractually at 0.59% until May 1, 2024. 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) | 4.67 | -5.79 | 2.39 | -18.12 | 1.78 | -6.84 | -7.12 | -0.21 |
BRF (Share Price) | 4.37 | -5.86 | 3.63 | -17.47 | 1.70 | -6.74 | -7.03 | -0.21 |
MVBRFTR (Index) | 4.42 | -5.69 | 2.20 | -17.50 | 2.08 | -6.45 | -6.57 | 0.41 |
Performance Differential (NAV - Index) | 0.25 | -0.10 | 0.19 | -0.62 | -0.30 | -0.39 | -0.55 | -0.62 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/12/09 |
|
---|---|---|---|---|---|---|---|---|
BRF (NAV) | 1.08 | -2.18 | -2.18 | -30.91 | 3.35 | -8.58 | -7.55 | -0.54 |
BRF (Share Price) | 1.09 | -0.70 | -0.70 | -30.41 | 3.66 | -8.47 | -7.48 | -0.52 |
MVBRFTR (Index) | 0.80 | -2.13 | -2.13 | -30.36 | 3.82 | -7.95 | -6.97 | 0.10 |
Performance Differential (NAV - Index) | 0.28 | -0.05 | -0.05 | -0.55 | -0.47 | -0.63 | -0.58 | -0.64 |
Top 10 Holdings (%) as of 04/30/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Aliansce Sonae Shopping Centers Sa |
ALSO3 BZ
|
342,544
|
1,280,128 | 4.83 |
Alupar Investimento Sa |
ALUP11 BZ
|
180,806
|
980,191 | 3.70 |
Ero Copper Corp |
ERO CN
|
45,028
|
886,701 | 3.34 |
Cia De Saneamento Do Parana |
SAPR11 BZ
|
226,950
|
864,519 | 3.26 |
Santos Brasil Participacoes Sa |
STBP3 BZ
|
505,800
|
857,907 | 3.23 |
3r Petroleum Oleo E Gas Sa |
RRRP3 BZ
|
120,600
|
765,749 | 2.89 |
Iguatemi Sa |
IGTI11 BZ
|
164,750
|
672,503 | 2.54 |
Brf Sa |
BRFS US
|
447,032
|
576,671 | 2.17 |
Karoon Gas Australia Ltd |
KAR AU
|
394,500
|
563,940 | 2.13 |
Cyrela Brazil Realty Sa Empreendimentos |
CYRE3 BZ
|
177,100
|
548,578 | 2.07 |
Top 10 Total (%) | 30.15 |
Country Weightings (%)
as of 04/30/23
Country | % of Net Assets |
---|---|
● Brazil | 82.46 |
● Portugal | 4.83 |
● Canada | 3.69 |
● Australia | 2.13 |
● United States | 1.18 |
● Italy | 1.17 |
● France | 1.09 |
● Libya | 0.76 |
● Germany | 0.63 |
● Japan | 0.62 |
● Chile | 0.57 |
● United Kingdom | 0.31 |
● Israel | 0.20 |
● Other/Cash | 0.37 |
Sector Weightings (%)
as of 04/30/23
Sector | % of Net Assets |
---|---|
● Consumer Discretionary | 19.31 |
● Industrials | 16.82 |
● Utilities | 11.13 |
● Consumer Staples | 10.30 |
● Energy | 10.12 |
● Real Estate | 8.28 |
● Materials | 6.87 |
● Health Care | 6.09 |
● Financials | 5.97 |
● Information Technology | 3.85 |
● Communication Services | 0.89 |
● Other/Cash | 0.37 |