Why >100%? Leveraged funds (typically PIMCO/BlackRock global bond strategies) use derivatives and borrowing to exceed 100% notional country exposure. The percentage shown is real economic exposure; total notional across all countries can sum to 150-200%.
Top Brazil Holdings Across Funds
—
ORIZON VALORIZACAO DE RESIDUOS
Unknown
9.4%
in 1 funds
—
MICRON TECHNOLOGY, INC.
Unknown
8.5%
in 2 funds
—
PETROLEO BRASILEIRO S A PETROBRAS
Unknown
7.88%
in 3 funds
—
PETROLEO BRASILEIRO SA - PETROBRAS
Unknown
7.48%
in 1 funds
—
VALE S.A.
Unknown
7.42%
in 4 funds
—
PEPSICO, INC.
Unknown
7.13%
in 1 funds
—
NVIDIA CORPORATION
Unknown
6.25%
in 1 funds
—
GRUPO MEXICO SAB DE CV SER B
Unknown
6.2%
in 1 funds
Sector Breakdown (Brazil ISINs)
Aggregated across all funds with Brazil exposure
Financials
12.9%
Government
10%
Materials
5.8%
Consumer Discretionary
5.3%
Industrials
4.7%
Utilities
3.7%
Consumer Staples
3%
Electricity
2.6%
Performance Chart
Top 10-fund composite (rebased to 100, equal-weighted)
EWZ ETF (benchmark)
Real fund NAV data 2025-06-24 → 2026-05-29