What this ETF is trying to do

The Global X Brazil Active ETF (BRAZ) is designed to provide investors with exposure to the Brazilian market. It is an actively managed fund, meaning managers choose which assets to hold. Based on the top holdings, the fund invests in various Brazilian companies across sectors like energy, banking, and mining.

What the numbers show

As of October 5, 2026, the share price is $37.12. The fund has seen growth across several timeframes:

• Year-to-Date (YTD): The price return is 35.82%, and the total return is 36.54%.

• One Year: The price return is 44.17%, and the total return is 48.30%.

• Three Year: The price return is 55.16%, and the total return is 70.90%.

Price return only measures the change in the share price. Total return is a different measure that includes both the share-price movement and the distributions paid to investors.

For example, the estimated price from roughly one year ago was $25.75. If an investor had put $10,000 into the ETF at that estimated price, the price-only growth (44.17%) would have increased that principal to approximately $14,417.

Income and Distribution Explanation

This ETF pays out cash distributions to its investors. The distribution yield is 2.15%. Over the last 12 months, it has made two payouts. The frequency of these payments is described as irregular or less frequent.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV Erosion Explanation

"NAV erosion" happens when the net asset value of a fund declines over time, which can eat away at an investor's principal. StockValueFinder uses an erosion-risk score to measure this.

For BRAZ, the erosion score is 100, and the severity is labeled as "good." The data states "No price erosion detected," and the severe erosion-risk flag is false.

Top Holdings

The fund holds 28 total assets. As of October 7, 2026, the top holdings (which are a partial list) include:

• Petroleo Brasileiro SA Petrobras ADR: 14.91%

• Nu Holdings Ltd: 11.86%

• Itau Unibanco Holding SA ADR: 11.34%

• Vale SA ADR: 6.55%

• Banco BTG Pactual S.A.: 4.92%

Pros

• Strong positive price and total returns over the last one and three years.

• No detected price erosion according to the erosion-risk score.

• Provides a way to invest in major Brazilian companies.

Cons

• Distributions are irregular and not paid on a strict schedule.

• The distribution yield is relatively low compared to some income-focused funds.

Beginner Takeaway

BRAZ is an active ETF focused on Brazil. While it has shown strong price growth and total returns recently, investors should remember that high yields alone can be misleading. Always look at both the price return and the total return to see the full picture of how an investment is performing.