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4BRZ ETF · iShares MSCI Brazil UCITS ETF (DE)
The 4BRZ Exchange Traded Fund (ETF) is provided by iShares. It is built to track an index: MSCI Brazil Index. The 4BRZ ETF provides physical exposure, so by buying it you actually own parts of all the 46 underlying holdings. The dividend policy is capitalization.
Last update Today at 1:22 PM UTC
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This fund is part ofLatin America Blended Cap1M perf.-4.59%
Last price
$51.16
-0.95%
1M perf.
-3.45%
1M flows
+€420M
AuM
€4.13B
E/R
0.27%
Rating
ESG Consensus®
4BRZ
$51.16
-0.95%
Performance & flows
Segment for quartile rank
December 17, 2025 → March 17, 2026
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4BRZ
$51.38
+19.30%
Latin America Blended Cap
+17.38%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.45%  | +19.30%  | +46.52%  | +70.60% | +64.88% | -5.07% | +15.18% | +15.18% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/17/2026
$51.38
1D NAV change
+1.42%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
46
Inception date
10/24/2018
Jurisdiction
Germany
Distribution
Switzerland
Sweden
Finland
United Kingdom
Luxembourg
Legal structure
SICAV
Base currency
USD
Classification
Investment strategy
The Fund seeks to track the performance of an index composed of Brazilian companies
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Market news & analysis about 4BRZ
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseLatest headlines about 4BRZ
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +19.30% | +46.52% | +70.60% | +64.88% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
Brazil
82.81%
Cayman Islands
14.12%
Netherlands
1.20%
Unavailable
1.87%
Sectors
Financials
39.51%
Materials
14.20%
Energy
13.84%
Utilities
7.50%
Industrials
5.41%
Consumer Staples
3.65%
Communication Services
1.84%
Information Technology
1.59%
Unavailable
10.13%
Other
2.34%
Diversification
Total weight of top 15 holdings out of 46
Top 15 holdings
Data as of January 31, 2026
NU HOLDINGS
VALE SA
ITAU UNIBANCO HOLDING PRF
PETROLEO BRASILEIRO PRF
PETROLEO BRASILEIRO PETROBRAS
BANCO BRADESCO PRF
BM&F BOVESPA BOLSA DE VALORES
WEG ON
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ITAUSA INVESTIMENTOS ITAU PRF
BANCO BTG PACTUAL SA
AMBEV SA
COMPANHIA DE SANEAMENTO BASICO
BREMBJACNOR1
BRAXIAACNOR0
EQUATORIAL ENERGIA
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about 4BRZ ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
4BRZ’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
62.81% of holdings have positive scoring
39.10% of holdings have negative scoring
9.06%
41.32%
12.43%
25.22%
12.35%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI Daily Brazil Net Total Return Index - USD
Index ticker
NDUEBRAF Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
iShares
iShares ID Card
Number of funds
1720
Total AuM
€4.93T
Expense ratio range
0.03% - 1.51%
Average expense ratio
0.285%
Top 5 funds by iShares
| AuM | ||
|---|---|---|
IVV | iShares Core S&P 500 ETF | €585.44B |
IEFA | iShares Core MSCI EAFE ETF | €148.64B |
IEMG | iShares Core MSCI Emerging Markets ETF | €121.27B |
AGG | iShares Core U.S. Aggregate Bond ETF | €121.11B |
CSSPX | iShares Core S&P 500 UCITS ETF | €113.65B |
Frequently asked questions about 4BRZ
What does iShares MSCI Brazil UCITS ETF (DE), 4BRZ, invest in?
4BRZ is a Passive ETF. This ETF provides exposure to Large and Mid-Cap Brazilian Equities.
Which benchmark or index does 4BRZ replicate?
4BRZ tracks the MSCI Daily Brazil Net Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of 4BRZ?
4BRZ carries a total expense ratio (TER) of 0.27%, indicating the annual cost for holding the fund.
When was 4BRZ launched?
4BRZ was introduced to the market on October 24, 2018. It trades on Switzerland, among other exchanges
Who is the ETF issuer of 4BRZ?
iShares MSCI Brazil UCITS ETF (DE), 4BRZ, is provided by iShares. Learn more about iShares here.
What is the current assets under management (AUM) of 4BRZ?
4BRZ oversees €4.13B in assets as of March 17, 2026.
How has 4BRZ performed lately?
Based on data from March 17, 2026, 4BRZ returned -3.45% over the past month, 19.30% over the last three months and 15.18% year-to-date.
What are the latest inflows or outflows for 4BRZ?
As of March 17, 2026, 4BRZ recorded net flows of +€418M over the last month and +€803M year-to-date.
Does 4BRZ distribute dividends?
4BRZ follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of 4BRZ?
As of January 31, 2026, 4BRZ has significant geographic allocations in Brazil, Cayman Islands and Netherlands.
In which sector or theme does 4BRZ invest in?
As of January 31, 2026, 4BRZ focuses largely on Financials, Materials and Energy.
How many securities does 4BRZ hold and how diversified is it?
As of January 31, 2026, 4BRZ holds 46 positions in its portfolio, with 71.35% of assets concentrated in its top 15 holdings.
What are the main positions in 4BRZ?
As of January 31, 2026, 4BRZ top three holdings include NU HOLDINGS, VALE SA and ITAU UNIBANCO HOLDING PRF.
What is the base currency of 4BRZ?
The base currency of 4BRZ is USD.
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