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    Brazil Small-Cap ETF (BRF)

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    BRF_Brazil_icon_NEW

    The Brazil Small-Cap ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Brazil Small-Cap Index.

    The Market Vectors Brazil Small-Cap Index is a rules-based, modified market cap-weighted, float-adjusted index intended to give investors exposure to Brazilian small-cap companies.

    PDF Investment Case for Brazil Small-Caps  

  • Ticker:- BRF;false;MVRIO;

  • Details

    Fund | Index

     

    Fact Sheet PDF
    As of August 31, 2010

    Fund Ticker
    BRF
    Intraday NAV (IIV)
    BRF.IV
    Index Ticker
    MVRIOTR
    Exchange
    NYSE Arca
    Commencement Date
    05/12/2009


    Gross Expense Ratio *
    0.71%
    Net Expense Ratio *
    0.65%
    Options
    Available
    AUM
    $729.8MM
    * Expenses for the fund are capped contractually at 0.65% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of June 30, 2010
    INCEPTION DATE
    05/01/2009
    CURRENCY
    USD
    PRICE/EARNING RATIO
    22.01
    PRICE/BOOK RATIO
    3.28
    MARKET CAP
    $89.6 B
    52 WEEK HIGH/LOW
    3298.44 / 2201.35

  • Prices

     

    As of September 01, 2010
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		Price HistoryExp. Ratio*
    Gross/Net
    Brazil Small-Cap ETFBRF $51.46
    $52.50         		469,069
    $0.96 + 1.9%

    $0.99 + 1.9%
    		+ 6.4%
    + 6.3%
    		$1.04
    2.02%     		Chart Export 0.71/0.65

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of July 31, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    MVRIOTR
    		12.966.312.5648.79n.a.n.a.n.a.77.85
    FUND/NAV13.335.972.7949.46n.a.n.a.n.a.78.69
    FUND/Share Price13.276.44-0.0047.09n.a.n.a.n.a.77.69
    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    MVRIOTR
    		2.74-3.56-9.2161.06n.a.n.a.n.a.66.77
    FUND/NAV67.133.96-3.28-9.3061.62n.a.n.a.67.13
    FUND/Share Price2.30-4.55-11.7258.63n.a.n.a.n.a.66.20
    *Commencement date: 05/12/2009
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflect current temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    As of July 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    MVRIOTR
    		77.85%12.96%6.31%17.16%2.56%48.79%n.a.n.a.n.a.
    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    MVRIOTR
    		66.77%2.74%-3.56%-9.78%-9.21%61.06%n.a.n.a.n.a.
    *Commencement date: 05/01/2009
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance may be lower or higher than performance data quoted.

  • Top 10 Holdings

    Fund | Index

     

    As of September 01, 2010 |TOTAL CONSTITUENTS: 61
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Lojas Renner SA LREN3 BZ1,669,65054,418,081
    7.32%
    Gafisa SA GFSA3 BZ5,525,10039,243,838
    5.28%
    Diagnosticos da America SA DASA3 BZ3,144,95032,443,894
    4.36%
    BR Malls Participacoes SA BRML3 BZ1,975,50031,344,570
    4.22%
    Anhanguera Educacional Participacoes SA AEDU11 BZ1,680,45028,520,869
    3.84%
    MMX Mineracao e Metalicos SA MMXM3 BZ3,368,68425,026,825
    3.37%
    CETIP SA - Balcao Organizado de Ativos e Derivativos CTIP3 BZ2,763,42124,851,478
    3.34%
    Cia Hering HGTX3 BZ621,85024,185,826
    3.25%
    Totvs SA TOTS3 BZ285,95021,825,431
    2.94%
    Magnesita Refratarios SA MAGG3 BZ3,215,16520,700,226
    2.78%
    As of September 01, 2010 |TOTAL CONSTITUENTS: 61
    Holding
    % of net assets
    LOJAS RENNER S.A. BRLRENACNOR1
    7.34%
    GAFISA SA BRGFSAACNOR3
    5.29%
    DIAGNOSTICOS DA AMERICA SA BRDASAACNOR1
    4.37%
    BR MALLS PARTICIPACOES SA BRBRMLACNOR9
    4.25%
    ANHANGUERA EDUCACIONAL PART BRAEDUCDAM18
    3.89%
    MMX MINERACAO E METALICOS SA BRMMXMACNOR2
    3.38%
    CETIP SA-BALCAO ORGANIZADO BRCTIPACNOR2
    3.35%
    CIA HERING BRHGTXACNOR9
    3.26%
    TOTVS SA BRTOTSACNOR8
    2.94%
    TAM SA-PREF BRTAMMACNPR2
    2.79%

  • Key Features

    Fund | Index

     

    Small Caps—the Real Brazil

    a concentrated play on domestic investment themes, such as home building and consumer goods

    Not Dominated by Commodities/Materials

    as compared to competing products/indices

    Complement Traditional Foreign Investments

    with small-cap exposure

    Pure Play

    index constituents must be domiciled and primarily listed on an exchange in Brazil, or generate at least 50% of revenues in Brazil
    The Index comprises:

    A diversified group of small capitalization companies concentrated in sectors typically supported by the local Brazilian economy

    Companies eligible for inclusion in Index:
    • Small-cap companies* domiciled and primarily listed in Brazil, or generating at least 50% of their revenues in Brazil
    • Market cap exceeding $150 million
    • Three-month average daily trading volume of at least $1 million
    • Minimum trading volume of 250,000 shares each month over last 6 months

    *As of 5/1/09, companies with a market capitalization range of between approximately $250 million and $3.8 billion

    Index provider:

    4asset-management  

  • Index Sector Breakdown

    Index

     

    As of June 30, 2010
    Consumer Discretionary29.4%
    Financials21.6%
    Materials12.4%
    Industrials11.8%
    Health Care8.0%
    Utilities5.8%
    Information Technology5.7%
    Consumer Staples4.6%
    Energy0.7%

  • Top 10 Index Industries

    Index

     

    As of June 30, 2010
    Household Durables11.3%
    Real Estate Management & Development8.8%
    Health Care Providers & Services8.0%
    Metals & Mining7.4%
    Multiline Retail7.0%
    Diversified Consumer Services5.4%
    Machinery4.4%
    Capital Markets4.3%
    Insurance4.11%
    Electric Utilities2.6%
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    Important Disclosure

    The Fund is subject to elevated risks, including those associated with investments in derivatives and foreign securities. In particular, Brazilian investments are subject to elevated risks, which include, among others, actions taken by the Brazilian government, inflation, high interest rates, currency risk, less reliable financial information, higher transactional costs, taxation, political instability and other risks associated with foreign investments. In addition, companies with small capitalizations are subject to elevated risks, which include, among others, greater volatility, lower trading volume and less liquidity than larger companies. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund may loan its securities, which may subject it to additional credit and counterparty risk. Please refer to the prospectus for complete risk information.

    Market Vectors Brazil Index (the “Index”) is the exclusive property of 4asset-management GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards 4asset-management GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties.

    4asset-management GmbH does not sponsor, endorse or promote Market Vectors Brazil ETF and makes no representation regarding the advisability of investing in the Fund.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information.  Please read the prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor