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SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds.

Check the background of SIDCO and Global X's Registered Representatives on FINRA's BrokerCheck.

Content
EquityInternationalSingle Country

BRAZ

Brazil Active ETF

Active

Investment Strategy

Portfolio Implementation

The Case for BRAZ

Long-Term Growth Potential
Experienced Portfolio Managers
Active Management with ETF Efficiency

Related funds

Single Country

ARGT

MSCI Argentina ETF

View Fund
Single Country

NDIA

India Active ETF

View Fund
Single Country

COLO

MSCI Colombia ETF

View Fund

Documents

  • Proxy Voting
  • Fact Sheet
    PDF|457 KB

  • Summary Prospectus
    PDF|206 KB
  • Statutory Prospectus
    PDF|1.2 MB
  • Statement of Additional Information
    PDF|971 KB
  • Annual Financial Statements *
    PDF|1.5 MB
  • Annual Shareholder Report
    PDF|250 KB
  • Semi Annual Shareholder Report
    PDF|180 KB
  • Q1 Complete Holdings
    PDF|238 KB
  • Q3 Complete Holdings
    PDF|232 KB
  • Semi Annual Financial Statements **
    PDF|1.3 MB
*
**

ARGT invests in among the largest and most liquid securities with exposure to Argentina, offering retail investors a convenient way to gain targeted exposure to Argentina's equity market and its largest companies within a single, cost-efficient ETF.

NDIA is an actively managed ETF designed to offer investors direct exposure to the Indian economy, screening for companies with quality business models and management teams and focusing on domestic-driven growth over a 4–5 year investing horizon.

COLO invests in among the largest and most liquid Colombian securities, offering retail investors a convenient way to gain targeted exposure to Colombia's equity market and its companies within a single, cost-efficient ETF.

BRAZ can complement international allocations by providing actively managed, concentrated exposure to high-quality Brazilian companies that the broad MSCI Brazil Index overlooks.

The index is heavily concentrated in a few names and industries, and BRAZ's consistent underweight stance toward state-owned enterprises offers a way to reduce that benchmark concentration while accessing off-benchmark companies deriving revenue from Brazil. The fund may offer a thoughtful vehicle for potentially accessing value, growth, and reforms in Brazil’s dynamic stock market.

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.

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

Holdings

As of Oct 13, 2026

Net Assets (%)
Ticker
Name
SEDOL
Market Price ($)
Shares Held
Market Value ($)
17.22%PBRPETROLEO BRASILEIRO-SPON ADR2616580$25.5082,957$2,115,404
10.97%ITUBITAU UNIBANCO H-SPON PRF ADR2849739$9.89136,294$1,347,948
10.22%NU

Holdings are subject to change. "Cash" denotes U.S. dollars.

Total Expense Ratio
0.75%
NAV
$37.23
As of Oct 13, 2026
Net Assets
$12.28M
As of Oct 13, 2026
1-Year Return at NAV
25.95%
As of Oct 13, 2026

Distributions

Oct 13, 2026

30-Day SEC Yield

1.64%

Distribution Frequency

Semi-Annually

Record Date
Payable Date
Amount
Dec 30, 2026Dec 30, 2026Jan 7, 2027-
Jun 29, 2026Jun 29, 2026Jul 7, 2026$0.15

Performance

Returns

As of recent(Sep 30, 2026)
Metric
1 Year
3 Year
Since Inception
Fund NAV
+25.95%+11.99%+11.55%
Market Price
+25.32%+11.85%+11.66%
Benchmark
+26.53%+13.58%+13.32%
  1. Past performance does not guarantee future results. The performance data quoted represents past performance. 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.
  2. 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.

Daily Premium / Discount

Latest Premium / Discount

As of Oct 13, 2026

  • NAV
    $37.23
  • Market Price
    $37.14
  • Premium / (Discount)
    -$0.09
  • Premium / Discount
    -0.242%

Current View Q4 2026

As of Oct 13, 2026

  • Days at Premium
    3
  • Days at NAV
    0
  • Days at Discount
    6
  • Greatest Premium
    0.178%
  • Greatest Discount
    -2.90%

Premium / Discount History — Q4 2026

As of Oct 13, 2026

What is Premium/Discount Chart?

How can the Fund trade at a premium/discount to its NAV?

What causes these time discrepancies?

Hypothetical Growth of $10,000

As of Oct 13, 2026

  • Overview
  • Investment Strategy
  • Performance
  • Holdings
  • Distributions
  • Portfolio Analytics
  • Documents

Portfolio Analytics

Exposure

As of Sep 30, 2026

Sector

Sector
SectorWeight (%)
Financials
42.71%
Energy
18.56%
Materials
11.26%
Utilities
10.63%
Industrials
8.32%
Consumer Discretionary
3.94%
Consumer Staples
3.59%
Real Estate
1.00%

Sector

Sector
SectorWeight (%)
Financials
42.71%
Energy
18.56%
Materials
11.26%
Utilities
10.63%
Industrials
8.32%

Source: AltaVista Research, LLC

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

Risk Stats & Characteristics

Risk Stats

As of Sep 30, 2026

Versus
Beta
  • S&P 500
    0.94
  • NASDAQ-100
    0.54
  • MSCI EAFE

Overview

About This Fund

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.

How the Fund Works

The Global X Brazil Active ETF (BRAZ) seeks to achieve long-term capital growth. The fund is actively managed and screens for quality companies across Brazil, focusing on domestic-driven growth over a multi-year investing horizon. Its investment process combines a quantitative screen, sector specialists' stock analysis, and risk-adjusted portfolio construction, supported by a three-person team with deep personal, academic, and professional experience managing Brazil portfolios.

The fund typically holds 20–30 names and seeks to consistently maintain an underweight position to state-owned enterprises, providing concentrated exposure to high-quality Brazilian companies we believe are positioned to deliver returns above their cost of capital.

Highlights

  • Actively managed; Targeted exposure
  • Brazilian domestic holdings
  • First U.S.-listed actively managed Brazil ETF

Fund Details

As of Oct 13, 2026

  • Ticker
    BRAZ
  • Total Expense Ratio
    0.75%
  • Inception Date
    08/16/23
  • Net Assets
    $12.28 million
  • Shares Outstanding
    330,000
  • Number of Holdings
    26
  • Primary Exchange
    NYSE Arca
  • CUSIP
    37960A560
  • Bloomberg IOPV Ticker
    BRAZIV
  • ISIN
    US37960A5609
  • 30-Day Median Bid-Ask Spread
    0.40%
  • Distribution Frequency
    Semi-Annually
View Distribution History

ETF Prices

As of Oct 13, 2026

  • NAV
    $37.23
  • Daily Change
    -$0.60 / -1.59%
  • Market Price
    $37.14
  • Daily Change
    -$0.74 / -1.95%
NU HOLDINGS LTD/CAYMAN ISL-A
BN6NP19
$15.58
80,567
$1,255,234
6.75%VALEVALE SA-SP ADR2857334$13.3762,031$829,354
5.93%BPAC11 BZBANCO BTG PACTUAL SA-UNITBZBZVC7$16.0845,300$728,519
4.74%ITSA4 BZITAUSA SA2458771$3.19182,251$581,757
4.59%BBDBANCO BRADESCO-ADRB00FSK0$4.19134,552$563,773
4.35%B3SA3 BZB3 SA-BRASIL BOLSA BALCAOBG36ZK1$4.54117,500$533,867
4.19%AXIAYAXIA ENERGIA-ADR2186812$11.7044,000$514,800
4.01%ELPCCIA PARANAENSE DE ENER-ADRBPDHMY0$14.0035,198$492,772

The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment at the first trading date of the period shown and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
The performance quoted represents past performance and does not guarantee future results. 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 the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.
Consumer Discretionary
3.94%
Consumer Staples
3.59%
Real Estate
1.00%

Industry

Industry
IndustryWeight (%)
Banks
30.97%
Energy
18.56%
Financial Services
11.74%
Materials
11.26%
Utilities
10.63%
Capital Goods
6.51%
Consumer Staples Distribution & Retail
2.32%
Consumer Durables & Apparel
2.15%
Transportation
1.81%
Consumer Discretionary Distribution & Retail
1.79%
Food, Beverage & Tobacco
1.27%
Other
1.00%
0.95
  • MSCI Emg. Mkts
    0.53
  • Standard Deviation
    22.90%
  • Characteristics

    As of Oct 12, 2026

    • Return on Equity
      9.00%
    • Weighted Avg. Market Cap
      $36.82 billion
    20252026
    • Price-to-Earnings
      13.069.94
    • Price-to-Book Value
      0.900.88

    Source: AltaVista Research, LLC

    History
    As of