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BRAZ

Brazil Active ETFActive

 

Reasons to Consider BRAZ

Long-Term Growth Potential

Brazil has a diverse export mix with growing exposure to agriculture and oil. It’s now the second largest exporter of food in the world1 and plans to expand oil production2 to the point of being the fourth largest oil producer in the world by 20293.

Experienced Portfolio Managers

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.

ETF Efficiency

In a single trade, BRAZ delivers access to dozens of Brazilian stocks across a range of sectors, along with the outperformance potential of active management.

1Atlantic Council, Feb 2024
2USDA, Oct 2023
3Oilprice.com, Nov 2023

Key Information As of 06/28/24

Inception Date 08/16/23
Total Expense Ratio 0.75%
Net Assets $3.26 million
NAV $23.28
Fact Sheet View the document

ETF Summary

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.

ETF Objective

The Global X Brazil Active ETF (BRAZ) seeks to achieve long-term capital growth.

Trading Details As of 06/27/24

Ticker BRAZ
Bloomberg IOPV Ticker BRAZIV
CUSIP 37960A560
ISIN US37960A5609
Primary Exchange NYSE Arca
Shares Outstanding 140,000
Number of Holdings 29
30-Day Median Bid-Ask Spread 0.42%

Distributions As of 06/28/24

30-Day SEC Yield 2.74%
Distribution Frequency Semi-Annually

ETF Prices As of 06/28/24

NAV $23.28 Daily Change -$0.23 -0.98%
Market Price $23.32 Daily Change -$0.39 -1.64%

Performance History

As of recent
(03/31/24)
Fund NAV Market Price Benchmark
Year-to-Date -6.42% -6.29% -7.36%
1 Month -0.41% -0.33% -1.81%
3 Months -6.42% -6.29% -7.36%
Since Inception 9.30% 10.16% 10.17%
Year-to-Date -15.32% -15.18% -15.59%
1 Month -4.15% -4.31% -5.02%
3 Months -9.88% -9.79% -10.53%
Since Inception -1.09% -0.29% 0.39%

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.

Top Holdings As of 06/28/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.80 PBR PETROBRAS SA-ADR 2616580 14.49 22,042 319,388.58
9.61 VALE VALE SA-SP ADR 2857334 11.17 28,047 313,284.99
8.80 ITUB ITAU UNIBANC-ADR 2849739 5.84 49,133 286,936.72
5.15 PRIO3 BZ PRIO SA BYY0144 7.88 21,300 167,809.23
4.82 WEGE3 BZ WEG SA 2945422 7.58 20,700 156,997.32
4.70 ITSA4 BZ Itausa SA 2458771 1.77 86,565 153,042.75
4.61 NU NU HOLDINGS LT-A BN6NP19 12.89 11,643 150,078.27
4.56 BBD BANCO BRADESCO-ADR B00FSK0 2.24 66,317 148,550.08
4.10 RRRP3 BZ 3R PETROLEUM OLE BLF7QT3 4.95 27,000 133,579.38
4.04 RENT3 BZ LOCALIZA RENT A CAR B08K3S0 7.56 17,400 131,570.18
3.66 RADL3 BZ RAIA DROGASIL SA B7FQV64 4.62 25,800 119,281.66
3.48 MELI MERCADOLIBRE INC B23X1H3 1,643.40 69 113,394.60
3.45 EBR ELETROBRAS-ADR 2186812 6.43 17,465 112,299.95
2.80 BPAC11 BZ BANCO BTG PACTUAL SA-UNIT BZBZVC7 5.56 16,400 91,264.48
2.79 SUZ SUZANO SA - SPON ADR 2207177 10.27 8,867 91,064.09
2.73 HYPE3 BZ HYPERA SA B2QY968 5.17 17,200 88,872.89
2.28 JBSS3 BZ JBS SA B1V74X7 5.81 12,800 74,364.88
2.12 ARCO ARCOS DORADOS-A B529PQ0 9.00 7,667 69,003.00
2.11 RAPT4 BZ RANDON SA IMPLEMENTOS E P B010V49 1.97 35,000 68,809.69
2.08 RAIL3 BZ RUMO SA BYXZ2W5 3.73 18,200 67,892.23
1.99 BBAS3 BZ BANCO DO BRASIL S.A. 2328595 4.81 13,500 64,918.22
1.92 EQTL3 BZ EQUATORIAL E-ORD B128R96 5.53 11,300 62,435.88
1.87 VIVA3 BZ VIVARA PARTICIPACOES SA BKTPCJ8 3.77 16,200 61,073.19
1.74 ABEV AMBEV SA-ADR BG804F6 2.05 27,633 56,647.65
1.69 ERO CN ERO COPPER CORP BF02Z72 21.37 2,584 55,216.98
1.49 MULT3 BZ MULTIPLAN EMPREENDIMENTOS B23DZG0 4.06 12,000 48,696.09
1.28 CASH 1.00 41,758 41,757.97
0.75 BRAP4 BZ BRADESPAR SA B01SCS4 3.33 7,300 24,326.98
0.37 CLIP GLOBAL X 1-3 MONTH T-BILL BS096K4 100.47 121 12,156.87
0.01 BRAZILIAN REAL 0.18 2,344 421.96
0.01 RENT1 BZ LOCALIZA RENT A CAR - RTS BR3XKZ9 1.62 176 285.18
-0.81 OTHER PAYABLE & RECEIVABLES 1.00 -26,240 -26,239.62
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Financials 27.9
Energy 19.3
Materials 15.4
Industrials 12.2
Consumer Discretionary 8.0
Consumer Staples 7.6
Utilities 5.4
Health Care 2.7
Real Estate 1.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Conglomerates 11.6
Electrical Products 10.7
Information Technology Services 10.0
Finance/Rental/Leasing 9.7
Internet Software/Services 9.0
Drugstore Chains 8.9
Oil & Gas Production 8.6
Restaurants 5.4
Major Banks 5.1
Food: Meat/Fish/Dairy 5.0
Railroads 5.0
Other 11.0

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 06/27/24

Return on Equity 17.90%
Weighted Avg. Market Cap 26,378 M
2023 2024
Price-to-earnings 9.75 8.35
Price-to-book value 1.60 1.40

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the Global X Brazil (BRAZ) and India (NDIA) Active ETFs

Read the Full ArticleRead More

ETF Documents

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.