BRFVanEck 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 -
Inception Date
05/12/2009 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVBRFTR -
Index Rebalancing
Quarterly
as of 02/03/23
-
30-Day SEC Yield1
3.52% -
Total Net Assets
$26.2M -
Number of Holdings
111 -
Options
Available -
Gross Expense Ratio2
0.84% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
Fund Highlights
- 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
1,850,000 -
Estimated Cash
BRFEU -
Total Cash
BRFTC -
CUSIP
92189F825 -
ISIN
US92189F8251
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.34% -
Gross Expense Ratio
0.84% -
Fee Waivers and
-0.25%
Expense Reimbursement -
Net Expense Ratio/TER2
0.59%
2 Expenses for BRF are capped contractually at 0.59% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
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) | 8.68 | -8.13 | 8.68 | -12.95 | -14.93 | -7.63 | -7.25 | 0.22 |
BRF (Share Price) | 10.08 | -8.33 | 10.08 | -12.78 | -14.78 | -7.55 | -7.22 | 0.23 |
MVBRFTR (Index) | 8.36 | -6.71 | 8.36 | -12.77 | -14.54 | -7.22 | -6.67 | 0.84 |
Performance Differential (NAV - Index) | 0.32 | -1.42 | 0.32 | -0.18 | -0.39 | -0.41 | -0.58 | -0.62 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/12/09 |
|
---|---|---|---|---|---|---|---|---|
BRF (NAV) | -4.72 | -7.27 | -13.31 | -13.31 | -18.56 | -7.64 | -7.73 | -0.39 |
BRF (Share Price) | -5.70 | -8.16 | -14.75 | -14.75 | -18.78 | -7.94 | -7.92 | -0.48 |
MVBRFTR (Index) | -3.10 | -6.57 | -13.09 | -13.09 | -17.96 | -7.08 | -7.12 | 0.26 |
Performance Differential (NAV - Index) | -1.62 | -0.70 | -0.22 | -0.22 | -0.60 | -0.56 | -0.61 | -0.65 |
Top 10 Holdings (%) as of 01/31/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
3r Petroleum Oleo E Gas Sa |
RRRP3 BZ
|
121,950
|
1,076,969 | 3.93 |
Kinea Indice De Precos Fii |
KNIP11 BZ
|
57,627
|
1,026,576 | 3.74 |
Alupar Investimento Sa |
ALUP11 BZ
|
165,437
|
924,906 | 3.37 |
Aliansce Sonae Shopping Centers Sa |
ALSO3 BZ
|
251,094
|
890,848 | 3.25 |
Ero Copper Corp |
ERO CN
|
46,879
|
769,837 | 2.81 |
Cia De Saneamento Do Parana |
SAPR11 BZ
|
216,000
|
733,148 | 2.67 |
Petroreconcavo Sa |
RECV3 BZ
|
115,200
|
716,667 | 2.61 |
Karoon Gas Australia Ltd |
KAR AU
|
377,972
|
625,243 | 2.28 |
Iguatemi Sa |
IGTI11 BZ
|
156,850
|
605,301 | 2.21 |
Santos Brasil Participacoes Sa |
STBP3 BZ
|
339,450
|
589,121 | 2.15 |
Top 10 Total (%) | 29.03 |
Country Weightings (%)
as of 01/31/23
Country | % of Net Assets |
---|---|
● Brazil | 84.66 |
● Portugal | 3.25 |
● Canada | 3.23 |
● Australia | 2.28 |
● France | 1.65 |
● United States | 1.20 |
● Italy | 0.78 |
● Libya | 0.78 |
● Germany | 0.68 |
● Japan | 0.58 |
● Chile | 0.53 |
● United Kingdom | 0.23 |
● Israel | 0.20 |
● Other/Cash | -0.03 |
Sector Weightings (%)
as of 01/31/23
Sector | % of Net Assets |
---|---|
● Consumer Discretionary | 18.87 |
● Industrials | 12.83 |
● Energy | 10.02 |
● Utilities | 9.90 |
● Consumer Staples | 7.64 |
● Real Estate | 7.64 |
● Health Care | 4.59 |
● Materials | 4.59 |
● Financials | 4.55 |
● Information Technology | 4.26 |
● Communication Services | 1.38 |
● n/a | 13.77 |
● Other/Cash | -0.03 |