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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
  • Inception Date

    05/12/2009
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVBRFTR
  • Index Rebalancing

    Quarterly

 
as of 08/18/22

  • 30-Day SEC Yield1

    2.36%
  • Total Net Assets

    $28.7M
  • Number of Holdings

    109
  • Options

    Available
  • Gross Expense Ratio2

    0.84%
  • Net Expense Ratio/TER2

    0.59%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

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

    1,750,000
  • 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

    -0.25%
  • Net Expense Ratio/TER2

    0.59%

2Expenses 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

  • 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
  • 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 08/18/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
BRF $16.37
$16.37
6,989
4,477
$-0.08 / -0.48%
$-0.05 / -0.33%
+0.12%
-0.51%
$-0.01
-0.03%
0.29%

Premium/Discount History as of 08/18/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 35 10 15 17 7
BRF Days closed at NAV 19 1 11 7 3
Days closed at a discount 198 53 38 38 52

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) 5.92 -16.46 -9.43 -32.05 -13.93 -4.95 -5.66 -0.07
BRF (Share Price) 6.04 -16.30 -10.40 -32.15 -14.03 -4.92 -5.71 -0.11
MVBRFTR (Index) 5.47 -16.58 -10.19 -32.79 -13.87 -4.46 -5.11 0.51
Performance Differential (NAV - Index) 0.45 0.12 0.76 0.74 -0.06 -0.49 -0.55 -0.58
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/12/09
BRF (NAV) -22.69 -30.34 -14.50 -41.71 -14.40 -3.68 -6.38 -0.51
BRF (Share Price) -22.86 -30.53 -15.50 -41.84 -14.68 -3.67 -6.45 -0.56
MVBRFTR (Index) -22.80 -30.28 -14.84 -41.10 -13.90 -3.14 -5.76 0.11
Performance Differential (NAV - Index) 0.11 -0.06 0.34 -0.61 -0.50 -0.54 -0.62 -0.62

Top 10 Holdings (%) as of 07/31/22 Daily Holdings

Total Holdings: 107
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Alupar Investimento Sa
ALUP11 BZ
154,637
814,414 3.14
Cia De Saneamento Do Parana
SAPR11 BZ
213,000
760,758 2.94
3r Petroleum Oleo E Gas Sa
RRRP3 BZ
109,950
722,927 2.79
Iguatemi Sa
IGTI11 BZ
186,150
710,911 2.74
Arezzo Industria E Comercio Sa
ARZZ3 BZ
44,850
686,086 2.65
Unipar Carbocloro Sa
UNIP6 BZ
40,449
651,205 2.51
Auren Energia Sa
AURE3 BZ
211,008
578,691 2.23
Slc Agricola Sa
SLCE3 BZ
65,820
560,998 2.16
Ero Copper Corp
ERO CN
54,203
536,295 2.07
Br Malls Participacoes Sa
BRML3 BZ
349,550
535,732 2.07
Top 10 Total (%) 25.30
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 07/31/22

  • Country

    % of Net Assets
  • Brazil

    87.54
  • Canada

    2.63
  • Australia

    1.84
  • United States

    1.48
  • France

    1.35
  • Portugal

    1.23
  • Italy

    0.69
  • Libya

    0.66
  • Israel

    0.52
  • Japan

    0.51
  • Germany

    0.49
  • Chile

    0.44
  • United Kingdom

    0.38
  • Other/Cash

    0.24

Sector Weightings (%) as of 07/31/22

  • Sector

    % of Net Assets
  • Consumer Discretionary

    22.6
  • Industrials

    10.5
  • Utilities

    9.8
  • Consumer Staples

    9.7
  • Real Estate

    8.8
  • Energy

    6.8
  • Materials

    6.0
  • Financials

    5.3
  • Health Care

    4.6
  • Information Technology

    4.4
  • Communication Services

    2.0
  • n/a

    9.3
  • Other/Cash

    0.2