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BRF
VanEck 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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVBRFTR
  • Index Rebalancing

    Quarterly

 
as of 09/16/21

  • 30-Day SEC Yield1

    2.52%
  • Total Net Assets

    $42.7M
  • Number of Holdings

    88
  • Options

    Available
  • Gross Expense Ratio2

    0.84%
  • Net Expense Ratio/TER2

    0.60%
  • Distribution Frequency

    Annual

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

    2,050,000
  • Estimated Cash

    BRFEU
  • Total Cash

    BRFTC
  • CUSIP

    92189F825
  • ISIN

    US92189F8251
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.34%
  • Gross Expense Ratio

    0.84%
  • Fee Waivers and
    Expense Reimbursement

    -0.24%
  • Net Expense Ratio/TER2

    0.60%
2Expenses for BRF are capped contractually at 0.59% until May 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • 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
  • 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
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 09/16/21

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
BRF $20.81
$20.88
9,130
6,725
-$0.20 / -0.94%
$-0.09 / -0.43%
-2.92%
-1.97%
$0.07
0.35%
0.45%

Premium/Discount History as of 09/16/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 35 3 6 6 4
BRF Days closed at NAV 8 1 1 3 4
Days closed at a discount 210 60 57 52 55


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) -3.66 -7.54 0.96 23.89 10.26 7.86 -4.54 2.80
BRF (Share Price) -3.62 -7.58 1.31 24.18 9.99 7.99 -4.58 2.77
MVBRFTR (Index) -3.75 -6.43 2.29 25.66 11.84 8.77 -3.82 3.53
Performance Differential (NAV - Index) 0.09 -1.11 -1.33 -1.77 -1.58 -0.91 -0.72 -0.73
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/12/09
BRF (NAV) 5.63 25.88 15.33 50.42 13.84 13.88 -4.03 3.97
BRF (Share Price) 5.48 25.92 15.63 50.05 13.82 13.99 -4.23 3.93
MVBRFTR (Index) 5.18 25.37 14.98 51.28 13.90 14.42 -3.40 4.58
Performance Differential (NAV - Index) 0.45 0.51 0.35 -0.86 -0.06 -0.54 -0.63 -0.61

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 88
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to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
EMBRAER SA
ERJ US
122,955
2,205,813 4.85
TRANSMISSORA ALIANCA DE ENERGIA ELETRIC
TAEE11 BZ
289,650
2,123,585 4.67
AZUL SA
AZUL US
60,761
1,336,134 2.94
METALURGICA GERDAU SA
GOAU4 BZ
485,700
1,214,532 2.67
CIA DE LOCACAO DAS AMERICAS
LCAM3 BZ
235,200
1,133,516 2.49
BR MALLS PARTICIPACOES SA
BRML3 BZ
579,950
1,012,793 2.23
GOL LINHAS AEREAS INTELIGENTES SA
GOL US
129,611
1,009,670 2.22
CIA DE SANEAMENTO DO PARANA
SAPR11 BZ
254,100
952,359 2.10
FLEURY SA
FLRY3 BZ
208,100
952,202 2.10
OI SA
OIBR/C US
867,481
945,554 2.08
Top 10 Total (%) 28.35
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • Brazil

    92.26
  • Canada

    2.22
  • Portugal

    1.38
  • Italy

    0.75
  • United States

    0.73
  • Israel

    0.56
  • Germany

    0.55
  • Japan

    0.54
  • Libya

    0.48
  • Chile

    0.41
  • Other/Cash

    0.12

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Consumer Discretionary

    24.0
  • Industrials

    22.0
  • Utilities

    13.3
  • Materials

    8.4
  • Real Estate

    7.4
  • Financials

    5.8
  • Consumer Staples

    5.7
  • Health Care

    4.9
  • Communication Services

    3.1
  • Energy

    2.1
  • Information Technology

    1.7
  • n/a

    1.7
  • Other/Cash

    0.1