BRF
VanEck Brazil Small-Cap ETF
BRF
VanEck Brazil Small-Cap ETF
-
NAV$19.66
as of February 26, 2026 -
YTD RETURNS21.76%
as of February 26, 2026 -
Total Net Assets$26.54M
as of February 26, 2026 -
Gross Expense Ratio0.97%
-
Net Expense Ratio0.60%
-
Inception Date05/12/2009
About BRF
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.
Overview
Why BRF
- True small-cap exposure to Brazilian companies primarily driven by domestic growth
- Access Latin America’s largest economy, supported by a young and growing population
- Invest in companies incorporated in or generating at least 50% of their revenues from Brazil
Performance
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) | 14.91 | 19.53 | 14.91 | 59.43 | 13.06 | 3.03 | 10.96 | 2.41 |
| BRF (Share Price) | 15.37 | 19.59 | 15.37 | 58.77 | 12.87 | 2.97 | 10.89 | 2.39 |
| MVBRFTR (Index) | 15.34 | 20.56 | 15.34 | 61.05 | 14.18 | 3.77 | 11.81 | 3.11 |
| Performance Differential (NAV - Index) | -0.43 | -1.03 | -0.43 | -1.62 | -1.12 | -0.74 | -0.85 | -0.70 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/12/09 |
|
|---|---|---|---|---|---|---|---|---|
| BRF (NAV) | -3.15 | 4.52 | 53.82 | 53.82 | 10.97 | -1.41 | 8.41 | 1.57 |
| BRF (Share Price) | -3.55 | 3.96 | 53.94 | 53.94 | 11.12 | -1.42 | 8.39 | 1.52 |
| MVBRFTR (Index) | -2.70 | 4.94 | 54.99 | 54.99 | 11.83 | -0.68 | 9.12 | 2.25 |
| Performance Differential (NAV - Index) | -0.45 | -0.42 | -1.17 | -1.17 | -0.86 | -0.73 | -0.71 | -0.68 |
$0.04
/
+0.18%
Fees
Holdings
Daily Holdings (%) as of 02/26/2026
Download XLS|
Ticker
|
Holding Name |
% of Net Assets |
Identifier (FIGI)
|
Shares
|
Asset Class |
Market Value (US$) |
Notional Value |
|---|---|---|---|---|---|---|---|
|
ERO US |
Ero Copper Corp | 5.20 |
BBG00J09YMM8 |
40,120 |
Stock | 1,380,930 | -- |
|
CSMG3 BZ |
Cia De Saneamento De Minas Gerais-Copas | 4.24 |
BBG000M50TV5 |
103,938 |
Stock | 1,125,622 | -- |
|
CYRE3 BZ |
Cyrela Brazil Realty Sa Empreendimentos | 3.68 |
BBG000BHPKD3 |
158,650 |
Stock | 975,795 | -- |
|
ALUP11 BZ |
Alupar Investimento Sa | 3.64 |
BBG000PQHMW2 |
136,893 |
Stock | 965,341 | -- |
|
SAPR11 BZ |
Cia De Saneamento Do Parana | 3.18 |
BBG00JBB34P2 |
93,500 |
Stock | 844,425 | -- |
|
IGTI11 BZ |
Iguatemi Sa | 2.88 |
BBG0131XR464 |
131,550 |
Stock | 764,305 | -- |
|
COGN3 BZ |
Cogna Educacao | 2.71 |
BBG000DN7YR3 |
1,040,710 |
Stock | 719,100 | -- |
|
BRAV3 BZ |
3r Petroleum Oleo E Gas Sa | 2.57 |
BBG00Y4RJKF0 |
189,059 |
Stock | 683,346 | -- |
|
CURY3 BZ |
Cury Construtora E Incorporadora Sa | 2.52 |
BBG00C0463Z3 |
86,850 |
Stock | 667,726 | -- |
|
FLRY3 BZ |
Fleury Sa | 2.31 |
BBG000PRQZM2 |
182,837 |
Stock | 613,525 | -- |
|
DIRR3 BZ |
Direcional Engenharia Sa | 2.31 |
BBG000P8N9L6 |
189,700 |
Stock | 612,924 | -- |
|
POMO4 BZ |
Marcopolo Sa | 2.20 |
BBG000C0CX36 |
427,094 |
Stock | 584,400 | -- |
|
ARCO US |
Arcos Dorados Holdings Inc | 2.02 |
BBG001LR99L2 |
60,321 |
Stock | 536,254 | -- |
|
VIVA3 BZ |
Vivara Participacoes Sa | 1.84 |
BBG00Q29WNZ6 |
77,500 |
Stock | 487,986 | -- |
|
ORVR3 BZ |
Orizon Valorizacao De Residuos Sa | 1.80 |
BBG00YLW5FR3 |
32,650 |
Stock | 478,530 | -- |
|
BRAP4 BZ |
Bradespar Sa | 1.78 |
BBG000C25R24 |
97,600 |
Stock | 473,591 | -- |
|
AURE3 BZ |
Auren Energia Sa | 1.77 |
BBG00P348290 |
197,800 |
Stock | 470,082 | -- |
|
BRSR6 BZ |
Banco Do Estado Do Rio Grande Do Sul Sa | 1.68 |
BBG000QJ32T0 |
123,050 |
Stock | 446,675 | -- |
|
UNIP6 BZ |
Unipar Carbocloro Sa | 1.61 |
BBG000C2BCY5 |
31,000 |
Stock | 428,221 | -- |
|
ECOR3 BZ |
Ecorodovias Infraestrutura E Logistica | 1.57 |
BBG000QSPZ95 |
198,790 |
Stock | 416,330 | -- |
|
IRBR3 BZ |
Irb Brasil Resseguros Sa | 1.54 |
BBG000BJ00L1 |
33,323 |
Stock | 410,043 | -- |
|
USIM5 BZ |
Usinas Siderurgicas De Minas Gerais Sa | 1.52 |
BBG000K59S31 |
299,500 |
Stock | 402,815 | -- |
|
ITRN US |
Ituran Location And Control Ltd | 1.49 |
BBG000HBTSH5 |
8,217 |
Stock | 394,950 | -- |
|
MDIA3 BZ |
M Dias Branco Sa | 1.46 |
BBG000BS37N1 |
76,200 |
Stock | 387,993 | -- |
|
JHSF3 BZ |
Jhsf Participacoes Sa | 1.46 |
BBG000PGKZ06 |
198,650 |
Stock | 387,095 | -- |
|
SLCE3 BZ |
Slc Agricola Sa | 1.44 |
BBG000R7T985 |
118,162 |
Stock | 382,244 | -- |
|
ODPV3 BZ |
Odontoprev Sa | 1.44 |
BBG000QBXR73 |
152,490 |
Stock | 381,396 | -- |
|
EZTC3 BZ |
Ez Tec Empreendimentos E Participacoes | 1.40 |
BBG000RCQF01 |
121,200 |
Stock | 370,840 | -- |
|
MGLU3 BZ |
Magazine Luiza Sa | 1.32 |
BBG000PWYLV3 |
188,530 |
Stock | 351,542 | -- |
|
MRVE3 BZ |
Mrv Engenharia E Participacoes Sa | 1.31 |
BBG000QWT9X3 |
170,900 |
Stock | 346,943 | -- |
|
KAR AU |
Karoon Gas Australia Ltd | 1.20 |
BBG000N80D34 |
279,125 |
Stock | 317,297 | -- |
|
YDUQ3 BZ |
Yduqs Participacoes Sa | 1.19 |
BBG000RPWPQ5 |
119,900 |
Stock | 316,454 | -- |
|
ABCB4 BZ |
Banco Abc Brasil Sa | 1.14 |
BBG000QJ56H2 |
55,498 |
Stock | 301,703 | -- |
|
SMTO3 BZ |
Sao Martinho S/A | 1.14 |
BBG000QVK054 |
86,800 |
Stock | 301,402 | -- |
|
ALPA4 BZ |
Alpargatas Sa | 1.10 |
BBG000BC1CL9 |
98,050 |
Stock | 291,228 | -- |
|
BEEF3 BZ |
Minerva Sa/Brazil | 1.10 |
BBG000Q6CG80 |
285,500 |
Stock | 290,629 | -- |
|
AZZA3 BZ |
Arezzo Industria E Comercio Sa | 1.07 |
BBG001BGWLL4 |
55,175 |
Stock | 284,805 | -- |
|
TEND3 BZ |
Construtora Tenda Sa | 1.07 |
BBG000H4NQT8 |
47,700 |
Stock | 284,750 | -- |
|
DXCO3 BZ |
Dexco Sa | 0.99 |
BBG000QBDM58 |
240,008 |
Stock | 262,072 | -- |
|
MDNE3 BZ |
Moura Dubeux Engenharia S/A | 0.97 |
BBG000F2F582 |
39,200 |
Stock | 257,203 | -- |
|
VAMO3 BZ |
Vamos Locacao De Caminhoes Maquinas E E | 0.97 |
BBG00LBBR3V6 |
288,950 |
Stock | 256,460 | -- |
|
TTEN3 BZ |
Tres Tentos Agroindustrial Sa | 0.96 |
BBG001XGV714 |
75,650 |
Stock | 254,586 | -- |
|
MOVI3 BZ |
Movida Participacoes Sa | 0.92 |
BBG00CP5CGT4 |
86,650 |
Stock | 245,393 | -- |
|
CBAV3 BZ |
Cia Brasileira De Aluminio | 0.92 |
BBG000BZNY36 |
122,650 |
Stock | 243,023 | -- |
|
SIMH3 BZ |
Simpar Sa | 0.89 |
BBG00BRFV5W1 |
92,800 |
Stock | 235,716 | -- |
|
CEAB3 BZ |
C&A Modas Ltda | 0.87 |
BBG00Q883N02 |
89,850 |
Stock | 232,071 | -- |
|
LEVE3 BZ |
Mahle Metal Leve Sa | 0.82 |
BBG000BYQRF8 |
30,500 |
Stock | 218,938 | -- |
|
RECV3 BZ |
Petroreconcavo Sa | 0.77 |
BBG001BJ1DZ5 |
85,600 |
Stock | 204,266 | -- |
|
VULC3 BZ |
Vulcabras Sa | 0.75 |
BBG000C2H6T8 |
52,336 |
Stock | 198,945 | -- |
|
VINP US |
Vinci Partners Investments Ltd | 0.70 |
BBG00YRJVVX5 |
15,111 |
Stock | 185,110 | -- |
|
PGMN3 BZ |
Empreendimentos Pague Menos S/A | 0.64 |
BBG001BJ3FF0 |
120,922 |
Stock | 169,461 | -- |
|
MYPK3 BZ |
Iochpe Maxion Sa | 0.62 |
BBG000BZPMJ3 |
80,352 |
Stock | 164,373 | -- |
|
GRND3 BZ |
Grendene Sa | 0.61 |
BBG000PVXD17 |
164,400 |
Stock | 162,234 | -- |
|
KEPL3 BZ |
Kepler Weber Sa | 0.58 |
BBG000BYJY43 |
81,850 |
Stock | 154,852 | -- |
|
INTB3 BZ |
Intelbras Sa Industria De Telecomunicac | 0.57 |
BBG001BJ1JK8 |
55,700 |
Stock | 151,563 | -- |
|
RIAA3 BZ |
Guararapes Confeccoes Sa | 0.57 |
BBG000BX7WK4 |
75,850 |
Stock | 151,325 | -- |
|
PNVL3 BZ |
Dimed Sa Distribuidora Da Medicamentos | 0.57 |
BBG000C09194 |
47,450 |
Stock | 150,911 | -- |
|
FESA4 BZ |
Cia Ferro Ligas Da Bahia - Ferbasa | 0.52 |
BBG000BW1ZW2 |
84,400 |
Stock | 137,335 | -- |
|
HBSA3 BZ |
Hidrovias Do Brasil Sa | 0.50 |
BBG002D7HFJ3 |
165,315 |
Stock | 132,247 | -- |
|
RANI3 BZ |
Irani Papel E Embalagem Sa | 0.49 |
BBG000C0KBW3 |
68,600 |
Stock | 129,517 | -- |
|
MILS3 BZ |
Mills Estruturas E Servicos De | 0.48 |
BBG000QBGBD0 |
42,650 |
Stock | 126,347 | -- |
|
RAPT4 BZ |
Randon Sa Implementos E Participacoes | 0.47 |
BBG000C0L9J2 |
95,200 |
Stock | 126,002 | -- |
|
AFYA US |
Afya Ltd | 0.46 |
BBG00PK9C4C7 |
9,055 |
Stock | 122,695 | -- |
|
AGRO3 BZ |
Brasilagro - Co Brasileira De Proprieda | 0.46 |
BBG000P1P859 |
28,050 |
Stock | 120,986 | -- |
|
SBFG3 BZ |
Grupo Sbf Sa | 0.46 |
BBG003MC9592 |
47,500 |
Stock | 120,837 | -- |
|
LWSA3 BZ |
Lwsa Sa | 0.42 |
BBG000TZV8X2 |
158,200 |
Stock | 112,083 | -- |
|
BAK US |
Braskem Sa | 0.42 |
BBG000BDJYK1 |
29,345 |
Stock | 111,218 | -- |
|
ONCO3 BZ |
Oncoclinicas Do Brasil Servicos Medicos | 0.41 |
BBG003PFZTW5 |
206,450 |
Stock | 108,495 | -- |
|
PLPL3 BZ |
Plano & Plano Desenvolvimento Imobiliar | 0.40 |
BBG00W8ZZHK5 |
34,700 |
Stock | 107,456 | -- |
|
FRAS3 BZ |
Fras-Le Sa | 0.40 |
BBG000C1CYG8 |
22,100 |
Stock | 105,689 | -- |
|
VLID3 BZ |
Valid Solucoes E Servicos De Seguranca | 0.40 |
BBG000NXBD73 |
24,400 |
Stock | 105,432 | -- |
|
VTEX US |
Vtex | 0.35 |
BBG011M1L5H6 |
30,102 |
Stock | 92,413 | -- |
|
LOGG3 BZ |
Log Commercial Properties E Participaco | 0.35 |
BBG001XFGVX5 |
16,500 |
Stock | 91,690 | -- |
|
CAML3 BZ |
Camil Alimentos Sa | 0.32 |
BBG000PRSWS1 |
63,750 |
Stock | 85,741 | -- |
|
SONDA CI |
Sonda Sa | 0.30 |
BBG000F7R6Y7 |
226,863 |
Stock | 80,342 | -- |
|
AUAU3 BZ |
Uniao Pet Participacoes Sa | 0.30 |
BBG0118WVSD7 |
134,550 |
Stock | 80,138 | -- |
|
RAIZ4 BZ |
Raizen Sa | 0.29 |
BBG0020BM0M1 |
610,850 |
Stock | 77,282 | -- |
|
LIGT3 BZ |
Light S?A | 0.29 |
BBG000BND430 |
81,500 |
Stock | 76,143 | -- |
|
AGRO US |
Adecoagro Sa | 0.29 |
BBG001DCNPK3 |
8,593 |
Stock | 75,876 | -- |
|
TGMA3 BZ |
Tegma Gestao Logistica | 0.27 |
BBG000KLPQD1 |
9,200 |
Stock | 71,072 | -- |
|
TUPY3 BZ |
Tupy Sa | 0.26 |
BBG000C256X6 |
25,700 |
Stock | 68,881 | -- |
|
BLAU3 BZ |
Blau Farmaceutica Sa | 0.20 |
BBG00FWQBZ94 |
25,465 |
Stock | 54,373 | -- |
|
CSED3 BZ |
Cruzeiro Do Sul Educacional Sa | 0.19 |
BBG002F3XB56 |
37,650 |
Stock | 49,978 | -- |
|
BHIA3 BZ |
Grupo Casas Bahia Sa | 0.19 |
BBG000BWXYF9 |
84,900 |
Stock | 49,740 | -- |
|
ARML3 BZ |
Armac Locacao Logistica E Servicos Sa | 0.18 |
BBG00YDGW1Z9 |
40,000 |
Stock | 46,869 | -- |
|
MATD3 BZ |
Hospital Mater Dei Sa | 0.17 |
BBG001BJ3CQ5 |
38,500 |
Stock | 46,011 | -- |
|
ABCB10 BZ |
Banco Abc Brasil Sa | 0.08 |
BBG01Z9WZWP5 |
3,770 |
Stock | 20,370 | -- |
|
PGMN9 BZ |
Empreendimentos Pague Menos S/A | 0.02 |
BBG01Z9774K8 |
4,667 |
Stock | 6,540 | -- |
|
2324825D AU |
Esg Minerals Ltd | 0.00 |
BBG01K8HVYQ1 |
26,308 |
Stock | 748 | -- |
|
OIBR3 BZ |
Oi Sa | 0.00 |
BBG000PJXHR7 |
1 |
Stock | 0 | -- |
|
ZAMP3 BZ |
Zamp Sa | 0.00 |
BBG007LNZ7H8 |
41,615 |
Stock | 0 | -- |
|
-USD CASH- |
0.03 |
-- |
6,980 |
Cash Bal | 6,980 | -- | |
|
-BRL CASH- |
0.00 |
-- |
350 |
Cash Bal | 68 | -- | |
|
-CAD CASH- |
0.00 |
-- |
2 |
Cash Bal | 2 | -- | |
|
-AUD CASH- |
0.00 |
-- |
0 |
Cash Bal | 0 | -- | |
|
-- |
Other/Cash | 0.06 |
-- |
0 |
Cash | 16,451 | -- |
Portfolio
3-YR Risk Measures as of 01/31/2026
-
Beta vs. S&P 500 Index1.07
-
Correlation vs. S&P 500 Index0.45
-
Volatility (Standard Deviation)27.86
-
Sharpe Ratio0.41
Currency Exposure (%) as of 01/31/2026
| Brazilian Real | 86.64 |
| U.S. Dollar | 11.08 |
| Australian Dollar | 1.32 |
| Chilean Peso | 0.35 |
| Other/Cash | 0.62 |
Sector Weightings (%) as at 01/31/2026
-
Sector
% of Net Assets -
Consumer Discretionary
30.61 -
Materials
13.42 -
Utilities
12.84 -
Industrials
11.51 -
Consumer Staples
8.25 -
Real Estate
5.31 -
Financials
5.01 -
Energy
4.75 -
Health Care
4.33 -
Information Technology
3.29 -
n/a
0.07 -
Other/Cash
0.62
Country Weightings (%) as at 01/31/2026
-
Country
% of Net Assets -
Brazil
95.88 -
Israel
1.46 -
Australia
1.32 -
United Kingdom
0.38 -
Chile
0.35 -
Other/Cash
0.62
Distributions
Yields as of 02/26/2026
Annual
5.03%
4.52%
4.52%
Distribution History
| Year | Ex-date |
Record Date |
Payable date |
Dividend Income‡ |
Short-Term Capital Gains |
Long-Term Capital Gains |
Return of Capital |
Total Distributions |
|---|---|---|---|---|---|---|---|---|
| 2025 | 12/22/2025 | 12/22/2025 | 12/26/2025 | $ 0.8889 | -- | -- | -- | $ 0.89 |
| 2024 | 12/23/2024 | 12/23/2024 | 12/24/2024 | $ 0.4483 | -- | -- | -- | $ 0.45 |
| 2023 | 12/18/2023 | 12/19/2023 | 12/22/2023 | $ 0.8824 | -- | -- | -- | $ 0.88 |
| 2022 | 12/19/2022 | 12/20/2022 | 12/23/2022 | $ 0.5571 | -- | -- | $ 0.0018 | $ 0.56 |
| 2021 | 12/20/2021 | 12/21/2021 | 12/27/2021 | $ 0.4877 | -- | -- | -- | $ 0.49 |
| 2020 | 12/21/2020 | 12/22/2020 | 12/28/2020 | $ 0.3529 | -- | -- | -- | $ 0.35 |
| 2019 | 12/23/2019 | 12/24/2019 | 12/30/2019 | $ 0.6972 | -- | -- | -- | $ 0.70 |
| 2018 | 12/27/2018 | 12/28/2018 | 01/03/2019 | $ 0.0680 | -- | -- | -- | $ 0.07 |
| 2018 | 12/20/2018 | 12/21/2018 | 12/27/2018 | $ 0.5110 | -- | -- | -- | $ 0.51 |
| 2017 | 12/18/2017 | 12/19/2017 | 12/22/2017 | $ 1.0630 | -- | -- | -- | $ 1.06 |
| 2016 | 12/19/2016 | 12/21/2016 | 12/23/2016 | $ 0.6760 | -- | -- | -- | $ 0.68 |
| 2015 | 12/21/2015 | 12/23/2015 | 12/28/2015 | $ 0.3990 | -- | -- | -- | $ 0.40 |
| 2014 | 12/22/2014 | 12/24/2014 | 12/29/2014 | $ 0.8920 | -- | -- | -- | $ 0.89 |
| 2013 | 12/27/2013 | 12/31/2013 | 01/03/2014 | $ 0.0180 | -- | -- | -- | $ 0.02 |
| 2013 | 12/23/2013 | 12/26/2013 | 12/30/2013 | $ 0.5300 | -- | -- | -- | $ 0.53 |
| 2012 | 12/24/2012 | 12/27/2012 | 12/31/2012 | $ 0.6160 | -- | $ 0.0250 | -- | $ 0.64 |
| 2011 | 12/23/2011 | 12/28/2011 | 12/30/2011 | $ 1.1180 | $ 0.1970 | $ 3.8170 | -- | $ 5.13 |
| 2010 | 12/23/2010 | 12/28/2010 | 12/30/2010 | $ 0.7840 | $ 1.5500 | $ 1.2410 | -- | $ 3.58 |
| 2009 | 12/23/2009 | 12/28/2009 | 12/30/2009 | $ 0.1990 | $ 0.2520 | -- | -- | $ 0.45 |
‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.
Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.
The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.