| NAV | $20.28 | Daily Change | -$0.38 | -1.84% |
| Market Price | $20.21 | Daily Change | -$0.50 | -2.41% |
Brazil boasts multiple potential drivers of growth including commodities, domestic consumption, and fintech. Ongoing reforms regarding Central Bank, taxes, and social security, support rating agency upgrades.
BRAZ’s portfolio managers have extensive experience implementing active strategies in Brazil, making them equipped to navigate the vast but nuanced potential of Brazilian equities.
BRAZ delivers access to experienced stock picking and portfolio management across a range of sectors.
| Inception Date | 08/16/23 |
| Total Expense Ratio | 0.75% |
| Net Assets | $2.84 million |
| NAV | $20.28 |
| Fact Sheet | View the document |
The Global X Brazil Active ETF (BRAZ) is an actively managed ETF designed to offer investors direct exposure to the Brazilian Economy. BRAZ screens for companies with quality business models and management teams across Brazil, focusing on domestic-driven growth over a 4-5 year investing horizon.
The Global X Brazil Active ETF (BRAZ) seeks to achieve long-term capital growth.
| Ticker | BRAZ |
| Bloomberg IOPV Ticker | BRAZIV |
| CUSIP | 37960A560 |
| ISIN | US37960A5609 |
| Primary Exchange | NYSE Arca |
| Shares Outstanding | 140,000 |
| Number of Holdings | 24 |
| 30-Day Median Bid-Ask Spread | 0.38% |
| 30-Day SEC Yield | 1.15% |
| Distribution Frequency | Semi-Annually |
| NAV | $20.28 | Daily Change | -$0.38 | -1.84% |
| Market Price | $20.21 | Daily Change | -$0.50 | -2.41% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 14.79 | PBR | PETROBRAS SA-ADR | 2616580 | 12.78 | 32,852 | 419,848.56 |
| 10.02 | NU | NU HOLDINGS LT-A | BN6NP19 | 10.12 | 28,102 | 284,392.24 |
| 9.89 | ITUB | ITAU UNIBANC-ADR | 2849739 | 5.63 | 49,853 | 280,672.39 |
| 6.49 | WEGE3 BZ | WEG SA | 2945422 | 8.22 | 22,400 | 184,214.91 |
| 6.35 | VALE | VALE SA-SP ADR | 2857334 | 9.24 | 19,512 | 180,290.88 |
| 4.57 | BPAC11 BZ | BANCO BTG PACTUAL SA-UNIT | BZBZVC7 | 5.50 | 23,600 | 129,768.96 |
| 4.53 | BBD | BANCO BRADESCO-ADR | B00FSK0 | 2.00 | 64,317 | 128,634.00 |
| 4.50 | ITSA4 BZ | Itausa SA | 2458771 | 1.55 | 82,633 | 127,703.28 |
| 4.38 | RADL3 BZ | RAIA DROGASIL SA | B7FQV64 | 3.08 | 40,400 | 124,243.37 |
| 3.76 | ERO CN | ERO COPPER CORP | BF02Z72 | 11.84 | 9,014 | 106,682.69 |
| 3.60 | RENT3 BZ | LOCALIZA RENT A CAR | B08K3S0 | 5.13 | 19,900 | 102,112.89 |
| 3.58 | EBR | ELETROBRAS-ADR | 2186812 | 6.66 | 15,265 | 101,664.90 |
| 3.15 | BRAZILIAN REAL | 0.17 | 518,152 | 89,371.22 | ||
| 2.88 | SUZ | SUZANO SA - SPON ADR | 2207177 | 9.50 | 8,617 | 81,861.50 |
| 2.86 | EQTL3 BZ | EQUATORIAL E-ORD | B128R96 | 5.38 | 15,100 | 81,259.11 |
| 2.00 | ELP | COMPANHIA PARANA | BN7LY59 | 6.71 | 8,450 | 56,699.50 |
| 1.97 | VIVA3 BZ | VIVARA PARTICIPACOES SA | BKTPCJ8 | 3.06 | 18,300 | 55,931.35 |
| 1.96 | PRIO3 BZ | PRIO SA | BYY0144 | 6.47 | 8,600 | 55,669.53 |
| 1.92 | RAIL3 BZ | RUMO SA | BYXZ2W5 | 2.99 | 18,200 | 54,432.84 |
| 1.77 | JBSS3 BZ | JBS SA | B1V74X7 | 5.58 | 9,000 | 50,202.23 |
| 1.76 | GLOB | GLOBANT SA | BP40HF4 | 131.65 | 380 | 50,027.00 |
| 1.65 | OTHER PAYABLE & RECEIVABLES | 1.00 | 46,698 | 46,698.05 | ||
| 1.64 | MELI | MERCADOLIBRE INC | B23X1H3 | 1,944.61 | 24 | 46,670.64 |
| 1.38 | KOF | COCA-COLA F-ADR | 2193317 | 84.95 | 462 | 39,246.90 |
| 1.01 | DIRR3 BZ | DIRECIONAL ENGENHARIA SA | B59VLC7 | 5.20 | 5,500 | 28,582.64 |
| 0.02 | ITAUSA SA - RTS | 0.39 | 1,674 | 652.54 | ||
| -2.40 | CASH | 1.00 | -68,055 | -68,054.62 |
| Sector | Weight (%) | |
|---|---|---|
| Financials | 33.3 | |
| Energy | 17.9 | |
| Materials | 13.5 | |
| Industrials | 11.8 | |
| Utilities | 9.0 | |
| Consumer Staples | 7.6 | |
| Consumer Discretionary | 4.9 | |
| Information Technology | 2.0 |
| Industry | Weight (%) | |
|---|---|---|
| Banks | 29.4 | |
| Energy | 18.3 | |
| Materials | 13.8 | |
| Utilities | 9.2 | |
| Capital Goods | 6.7 | |
| Transportation | 5.3 | |
| Financial Services | 4.6 | |
| Consumer Staples Distribution & Retail | 4.3 | |
| Food, Beverage & Tobacco | 3.5 | |
| Consumer Durables & Apparel | 2.9 | |
| Consumer Discretionary Distribution & Retail | 2.1 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. BRAZ is non-diversified.
BRAZ is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. As an actively managed fund, BRAZ does not seek to replicate a specific index. There can be no guarantee that active management strategies and processes will be successful.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.