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 07/01/22
-
30-Day SEC Yield1
2.88% -
Total Net Assets
$24.3M -
Number of Holdings
107 -
Options
Available -
Gross Expense Ratio2
0.84% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/16/2022
Key Points
- 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
1,750,000 -
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%
2Expenses 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
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
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) | 2.02 | 5.21 | 10.60 | -20.36 | -3.79 | 1.35 | -3.96 | 1.47 |
BRF (Share Price) | 2.33 | 4.71 | 9.54 | -20.47 | -3.78 | 1.39 | -3.92 | 1.43 |
MVBRFTR (Index) | 2.45 | 4.71 | 10.30 | -19.75 | -3.19 | 2.01 | -3.29 | 2.12 |
Performance Differential (NAV - Index) | -0.43 | 0.50 | 0.30 | -0.61 | -0.60 | -0.66 | -0.67 | -0.65 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/12/09 |
|
---|---|---|---|---|---|---|---|---|
BRF (NAV) | 16.76 | 22.75 | 22.75 | 5.33 | 0.15 | 3.14 | -4.73 | 2.31 |
BRF (Share Price) | 16.27 | 21.64 | 21.64 | 5.43 | 0.25 | 3.22 | -4.74 | 2.28 |
MVBRFTR (Index) | 15.59 | 21.76 | 21.76 | 5.59 | 0.54 | 3.95 | -4.17 | 2.93 |
Performance Differential (NAV - Index) | 1.17 | 0.99 | 0.99 | -0.26 | -0.39 | -0.81 | -0.56 | -0.62 |
Top 10 Holdings (%) as of 05/31/22 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
3r Petroleum Oleo E Gas Sa |
RRRP3 BZ |
93,250 |
956,526 | 3.02 |
Alupar Investimento Sa |
ALUP11 BZ |
159,437 |
897,400 | 2.84 |
Cia De Saneamento Do Parana |
SAPR11 BZ |
210,800 |
890,208 | 2.81 |
Unipar Carbocloro Sa |
UNIP6 BZ |
40,049 |
847,066 | 2.68 |
Auren Energia Sa |
AURE3 BZ |
271,008 |
796,051 | 2.52 |
Br Malls Participacoes Sa |
BRML3 BZ |
439,050 |
780,628 | 2.47 |
Slc Agricola Sa |
SLCE3 BZ |
65,220 |
752,715 | 2.38 |
Santos Brasil Participacoes Sa |
STBP3 BZ |
469,450 |
719,108 | 2.27 |
Grupo De Moda Soma Sa |
SOMA3 BZ |
295,583 |
705,287 | 2.23 |
Arezzo Industria E Comercio Sa |
ARZZ3 BZ |
41,350 |
697,788 | 2.20 |
Top 10 Total (%) | 25.41 |
Country Weightings (%) as of 05/31/22
-
Country
% of Net Assets -
■
Brazil
88.29 -
■
Canada
2.28 -
■
Australia
1.60 -
■
France
1.54 -
■
United States
1.53 -
■
Portugal
1.14 -
■
Italy
0.81 -
■
Libya
0.54 -
■
Germany
0.47 -
■
Japan
0.45 -
■
Israel
0.45 -
■
Chile
0.40 -
■
United Kingdom
0.36 -
■
Other/Cash
0.14
Sector Weightings (%) as of 05/31/22
-
Sector
% of Net Assets -
■
Consumer Discretionary
22.6 -
■
Industrials
11.7 -
■
Consumer Staples
10.4 -
■
Utilities
9.1 -
■
Real Estate
7.7 -
■
Energy
6.9 -
■
Materials
5.9 -
■
Financials
5.3 -
■
Health Care
4.6 -
■
Information Technology
4.0 -
■
Communication Services
2.6 -
■
n/a
9.1 -
■
Other/Cash
0.1