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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 emerging markets, 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 05/10/24

Inception Date 08/16/23
Total Expense Ratio 0.75%
Net Assets $3.35 million
NAV $25.74
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 05/10/24

Ticker BRAZ
Bloomberg IOPV Ticker BRAZIV
CUSIP 37960A560
ISIN US37960A5609
Primary Exchange NYSE Arca
Shares Outstanding 130,000
Number of Holdings 29
30-Day Median Bid-Ask Spread 0.42%

Distributions As of 05/10/24

30-Day SEC Yield 2.26%
Distribution Frequency Semi-Annually

ETF Prices As of 05/10/24

NAV $25.74 Daily Change -$0.16 -0.62%
Market Price $25.94 Daily Change -$0.19 -0.73%

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 -11.65% -11.36% -11.13%
1 Month -5.59% -5.41% -4.06%
3 Months -5.56% -5.34% -5.56%
Since Inception 3.19% 4.20% 5.69%

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 05/10/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.91 PBR PETROBRAS SA-ADR 2616580 17.08 19,413 331,574.04
9.69 VALE VALE SA-SP ADR 2857334 12.44 26,073 324,348.12
8.66 ITUB ITAU UNIBANC-ADR 2849739 6.34 45,694 289,699.96
5.40 PRIO3 BZ PRIO SA BYY0144 9.13 19,800 180,758.70
4.75 BBD BANCO BRADESCO-ADR B00FSK0 2.58 61,648 159,051.84
4.70 ITSA4 BZ Itausa SA 2458771 1.95 80,565 157,114.50
4.34 WEGE3 BZ WEG SA 2945422 7.57 19,200 145,334.19
4.15 RENT3 BZ LOCALIZA RENT A CAR B08K3S0 9.13 15,200 138,764.25
3.81 NU NU HOLDINGS LT-A BN6NP19 11.76 10,834 127,407.84
3.61 RRRP3 BZ 3R PETROLEUM OLE BLF7QT3 5.87 20,600 120,879.90
3.57 RADL3 BZ RAIA DROGASIL SA B7FQV64 4.98 24,000 119,573.45
3.56 EBR ELETROBRAS-ADR 2186812 7.30 16,306 119,033.80
3.39 MELI MERCADOLIBRE INC B23X1H3 1,693.97 67 113,495.99
2.98 BPAC11 BZ BANCO BTG PACTUAL SA-UNIT BZBZVC7 6.51 15,300 99,616.57
2.77 HYPE3 BZ HYPERA SA B2QY968 5.83 15,900 92,744.60
2.50 SUZ SUZANO SA - SPON ADR 2207177 10.06 8,319 83,689.14
2.42 JBSS3 BZ JBS SA B1V74X7 4.78 16,900 80,818.52
2.06 ARCO ARCOS DORADOS-A B529PQ0 11.11 6,200 68,882.00
2.06 RAIL3 BZ RUMO SA BYXZ2W5 4.08 16,900 68,869.72
2.02 VIVA3 BZ VIVARA PARTICIPACOES SA BKTPCJ8 4.48 15,100 67,635.14
2.02 BBAS3 BZ BANCO DO BRASIL S.A. 2328595 5.36 12,600 67,597.46
1.85 EQTL3 BZ EQUATORIAL E-ORD B128R96 5.94 10,400 61,814.58
1.77 ABEV AMBEV SA-ADR BG804F6 2.32 25,534 59,238.88
1.69 RAPT4 BZ RANDON SA IMPLEMENTOS E P B010V49 1.97 28,600 56,441.16
1.54 MULT3 BZ MULTIPLAN EMPREENDIMENTOS B23DZG0 4.59 11,200 51,449.99
1.51 BRAP4 BZ BRADESPAR SA B01SCS4 3.90 12,900 50,364.20
1.07 OTHER PAYABLE & RECEIVABLES 1.00 35,862 35,861.62
1.07 ERO CN ERO COPPER CORP BF02Z72 21.54 1,660 35,748.43
1.04 CLIP GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.04 1,385 34,680.40
0.12 CASH 1.00 3,919 3,919.16
0.00 EQTL1 BZ EQUATORIAL ENERGIA SA- RT BSMRQP1 0.31 159 49.41
0.00 BRAZILIAN REAL 0.00 0 0.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

Sector Weight (%)
Financials 27.2
Energy 21.1
Materials 15.3
Industrials 11.7
Consumer Staples 7.9
Consumer Discretionary 7.1
Utilities 5.6
Health Care 2.2
Real Estate 1.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Conglomerates 11.9
Finance/Rental/Leasing 11.5
Oil & Gas Production 10.5
Drugstore Chains 9.4
Electrical Products 9.4
Internet Software/Services 7.8
Information Technology Services 7.0
Food: Meat/Fish/Dairy 6.1
Restaurants 5.3
Major Banks 5.3
Steel 5.1
Other 10.7

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 05/10/24

Return on Equity 19.10%
Weighted Avg. Market Cap 27,682 M
2023 2024
Price-to-earnings 9.35 7.83
Price-to-book value 1.61 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.