The VanEck Brazil Small-Cap ETF (BRF) strives to precisely track the investment performance—encompassing both price changes and income—of the MVIS Brazil Small-Cap Index (MVBRFTR). This tracking goal is measured prior to accounting for the ETF's own management fees and operational costs. The underlying index is made up of shares from smaller companies that are either legally established in Brazil or, if incorporated elsewhere, generate a significant portion (at least 50%) of their revenues or own at least 50% of their assets within Brazil.

Sylvamo Corp

Ituran Location and Control Ltd.

Sigma Lithium Corporation

Arcos Dorados Holdings Inc.

Vinci Compass Investments Ltd.

Afya Limited

Adecoagro S.A.

Vtex

Braskem S.A.

Consumer Cyclical

Real Estate

Basic Materials

Industrials

Utilities

Financial Services

Consumer Defensive

Healthcare

Energy

Technology

VanEck Brazil Small-Cap ETF

BRF Holdings & Sector Breakdown