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 -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVBRFTR -
Index Rebalancing
Quarterly
as of 05/13/22
-
30-Day SEC Yield1
2.51% -
Total Net Assets
$30.7M -
Number of Holdings
108 -
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
1,850,000 -
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%
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
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
Guo Hua (Jason) Jin
- 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
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) | -11.68 | 0.17 | 8.41 | -14.00 | -4.84 | 0.21 | -5.53 | 1.32 |
BRF (Share Price) | -11.99 | -0.51 | 7.05 | -14.31 | -4.88 | 0.20 | -5.54 | 1.26 |
MVBRFTR (Index) | -11.85 | -0.28 | 7.67 | -14.00 | -4.12 | 0.89 | -5.00 | 1.94 |
Performance Differential (NAV - Index) | 0.17 | 0.45 | 0.74 | -- | -0.72 | -0.68 | -0.53 | -0.62 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/12/09 |
|
---|---|---|---|---|---|---|---|---|
BRF (NAV) | 16.76 | 22.75 | 22.75 | 5.33 | 0.15 | 3.14 | -4.73 | 2.31 |
BRF (Share Price) | 16.27 | 21.64 | 21.64 | 5.43 | 0.25 | 3.22 | -4.74 | 2.28 |
MVBRFTR (Index) | 15.59 | 21.76 | 21.76 | 5.59 | 0.54 | 3.95 | -4.17 | 2.93 |
Performance Differential (NAV - Index) | 1.17 | 0.99 | 0.99 | -0.26 | -0.39 | -0.81 | -0.56 | -0.62 |
Top 10 Holdings (%) as of 04/30/22 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
3r Petroleum Oleo E Gas Sa |
RRRP3 BZ |
97,950 |
915,913 | 2.79 |
Alupar Investimento Sa |
ALUP11 BZ |
167,537 |
890,558 | 2.72 |
Cia De Saneamento Do Parana |
SAPR11 BZ |
221,500 |
885,740 | 2.70 |
Br Malls Participacoes Sa |
BRML3 BZ |
461,250 |
885,378 | 2.70 |
Auren Energia Sa |
AURE3 BZ |
284,708 |
844,228 | 2.57 |
Unipar Carbocloro Sa |
UNIP6 BZ |
42,049 |
816,579 | 2.49 |
Arezzo Industria E Comercio Sa |
ARZZ3 BZ |
43,450 |
786,309 | 2.40 |
Grupo De Moda Soma Sa |
SOMA3 BZ |
310,483 |
758,631 | 2.31 |
Slc Agricola Sa |
SLCE3 BZ |
68,520 |
733,299 | 2.24 |
Santos Brasil Participacoes Sa |
STBP3 BZ |
493,150 |
707,215 | 2.16 |
Top 10 Total (%) | 25.08 |
Country Weightings (%) as of 04/30/22
-
Country
% of Net Assets -
■
Brazil
88.02 -
■
Canada
2.53 -
■
Australia
1.63 -
■
France
1.51 -
■
United States
1.43 -
■
Portugal
1.22 -
■
Italy
0.74 -
■
Libya
0.52 -
■
Israel
0.47 -
■
Germany
0.43 -
■
Japan
0.43 -
■
United Kingdom
0.42 -
■
Chile
0.38 -
■
Other/Cash
0.29
Sector Weightings (%) as of 04/30/22
-
Sector
% of Net Assets -
■
Consumer Discretionary
22.9 -
■
Industrials
11.9 -
■
Consumer Staples
10.0 -
■
Utilities
8.9 -
■
Real Estate
8.0 -
■
Energy
6.4 -
■
Materials
5.7 -
■
Financials
5.4 -
■
Health Care
4.5 -
■
Information Technology
3.5 -
■
Communication Services
3.2 -
■
n/a
9.1 -
■
Other/Cash
0.3