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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 02/09/16

    • 30-Day SEC Yield1

      2.44%
    • Total Net Assets

      $63.1M
    • 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 02/09/16

    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 $9.93
    $9.64
    70,299
    22,924
    $-0.02 / -0.23%
    $-0.11 / -1.13%
    -4.9%
    -7.1%
    $-0.29
    -2.93%
  • 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) -8.91 -15.58 -8.91 -46.13 -37.78 -25.48 -- -9.10
    BRF (Share Price) -8.09 -16.14 -8.09 -45.54 -37.70 -25.25 -- -9.07
    MVBRFTR (Index) -9.56 -16.21 -9.56 -46.00 -37.49 -24.86 -- -8.58
    Performance Differential (NAV - Index) 0.65 0.63 0.65 -0.13 -0.29 -0.62 -- -0.52
    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 01/31/16

    Total Holdings: 65
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Odontoprev Sa
    ODPV3 BZ
    1,163,900
    2,938,9944.87
    Sao Martinho Sa
    SMTO3 BZ
    218,400
    2,610,0114.32
    Valid Solucoes E Servicos De S
    VLID3 BZ
    258,200
    2,574,3834.26
    Qualicorp Sa
    QUAL3 BZ
    757,200
    2,553,7854.23
    Adecoagro Sa
    AGRO US
    212,019
    2,527,2664.18
    Edp - Energias Do Brasil Sa
    ENBR3 BZ
    730,600
    2,213,8293.67
    Cosan Ltd
    CZZ US
    557,652
    1,806,7922.99
    Smiles Sa
    SMLE3 BZ
    248,050
    1,766,2042.92
    Duratex Sa
    DTEX3 BZ
    1,312,150
    1,738,6862.88
    Mrv Engenharia E Participacoes Sa
    MRVE3 BZ
    700,550
    1,602,5882.65
    Top 10 Total (%)36.97
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • BRAZIL

      85.04
    • PORTUGAL

      4.23
    • LUXEMBOURG

      4.18
    • UNITED STATES

      3.56
    • JAPAN

      1.70
    • LIBYA

      0.60
    • ITALY

      0.50
    • Other/Cash

      0.18
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Consumer Discretionary

      28.2
    • Consumer Staples

      13.8
    • Industrials

      13.4
    • Health Care

      10.7
    • Financials

      10.5
    • Utilities

      9.9
    • Materials

      6.4
    • Energy

      5.3
    • Information Technology

      1.6
    • Other/Cash

      0.2