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BRF Market Vectors Brazil Small-Cap ETF

  • Fund Description

    Market Vectors® Brazil Small-Cap ETF (BRF®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Brazil Small-Cap Index (MVBRFTR), which is comprised of securities of small-capitalization companies that are incorporated in Brazil or that generate at least 50% of their revenues (or, in certain circumstances, have at least 50% of their assets) in Brazil.

  •  
      

    • Fund Ticker

      BRF
    • Exchange

      NYSE Arca
    • Commencement

      05/12/2009
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVBRFTR
    • Index Rebalancing

      Quarterly
  •  
    as of 02/05/16

    • 30-Day SEC Yield1

      2.42%
    • Total Net Assets

      $63.3M
    • Number of Holdings

      65
    • Options

      Available
    • Gross Expense Ratio2

      0.66%
    • Net Expense Ratio/TER2

      0.60%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • Key Points

    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
    Pure Play 
    Index constituents must be headquartered in, or generate at least 50% of revenues in, Brazil
     
  • Trading Information

    • Fund Ticker

      BRF
    • Index Total Return Ticker

      MVBRFTR
    • NAV

      BRFNV
    • Intraday NAV (IIV)4

      BRFIV
    • Shares Outstanding

      6,350,000
    • Estimated Cash

      BRFEU
    • Total Cash

      BRFTC
    • CUSIP

      57060U613
    • ISIN

      US57060U6139
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.16%
    • Gross Expense Ratio

      0.66%
    • Fee Waivers and
      Expense Reimbursement

      -0.06%
    • Net Expense Ratio/TER2

      0.60%
    2 Expenses for BRF are capped contractually at 0.59% until at least May 1, 2016. Cap excludes certain expenses, such as interest.
  • Prices as of 02/05/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    BRF $9.97
    $10.00
    73,035
    21,915
    $0.04 / +0.39%
    $-0.11 / -1.09%
    -4.5%
    -3.7%
    $0.03
    0.28%
  • View All Indices » View All ETFs » 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) -5.39 1.53 -48.97 -48.97 -35.16 -25.27 -- -7.93
    BRF (Share Price) -6.05 0.16 -48.90 -48.90 -35.49 -25.49 -- -8.02
    MVBRFTR (Index) -4.05 2.08 -48.50 -48.50 -34.66 -24.57 -- -7.29
    Performance Differential (NAV - Index) -1.34 -0.55 -0.47 -0.47 -0.50 -0.70 -- -0.64
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    05/12/09
    BRF (NAV) -5.39 1.53 -48.97 -48.97 -35.16 -25.27 -- -7.93
    BRF (Share Price) -6.05 0.16 -48.90 -48.90 -35.49 -25.49 -- -8.02
    MVBRFTR (Index) -4.05 2.08 -48.50 -48.50 -34.66 -24.57 -- -7.29
    Performance Differential (NAV - Index) -1.34 -0.55 -0.47 -0.47 -0.50 -0.70 -- -0.64
  • Daily Holdings »Top 10 Holdings (%) as of 12/31/15

    Total Holdings: 64
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Odontoprev Sa
    ODPV3 BZ
    1,145,600
    2,736,4094.19
    Valid Solucoes E Servicos De S
    VLID3 BZ
    254,100
    2,729,6684.18
    Qualicorp Sa
    QUAL3 BZ
    745,300
    2,661,8874.08
    Adecoagro Sa
    AGRO US
    208,685
    2,564,7393.93
    Sao Martinho Sa
    SMTO3 BZ
    215,000
    2,488,4303.81
    Edp - Energias Do Brasil Sa
    ENBR3 BZ
    719,100
    2,188,4273.35
    Smiles Sa
    SMLE3 BZ
    244,150
    2,147,5943.29
    Cosan Ltd
    CZZ US
    548,884
    2,025,3823.10
    Duratex Sa
    DTEX3 BZ
    1,291,550
    1,926,1032.95
    Fii Btg Pactual Corporate Office Fund
    BRCR11 BZ
    74,614
    1,762,4462.70
    Top 10 Total (%)35.58
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 12/31/15

    • Country

      % of Net Assets
    • BRAZIL

      85.41
    • LUXEMBOURG

      3.93
    • PORTUGAL

      3.91
    • UNITED STATES

      3.45
    • JAPAN

      1.81
    • LIBYA

      0.60
    • ITALY

      0.51
    • Other/Cash

      0.38
  • Sector Weightings (%) as of 12/31/15

    • Sector

      % of Net Assets
    • Consumer Discretionary

      28.1
    • Industrials

      14.2
    • Consumer Staples

      12.8
    • Financials

      10.3
    • Health Care

      9.9
    • Utilities

      9.8
    • Materials

      7.4
    • Energy

      5.7
    • Information Technology

      1.3
    • Other/Cash

      0.4