iShares MSCI Brazil ETF

iShares, Inc. · Series S000004264 · 1 share classes

Equity fund · 99% stocks
One fund, 1 share classes:EWZ
$9.65B NAV
49 positions · as of 2026-02-28 · filed 2026-04-23
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2025 Q4

The iShares MSCI Brazil ETF (the Fund ) seeks to track the investment results of an index composed of Brazilian equities.

Strategy · summarised

The fund tracks the MSCI Brazil 25/50 Index using representative sampling, holding a sample of Brazilian large- and mid-cap equities with investment characteristics similar to the index rather than all constituents. The index applies a capping methodology that limits any single corporate group to 25% weight and restricts groups above 5% to an aggregate 50% weight. Because the fund may not hold all index components, its returns may diverge from the index it seeks to track. The fund concentrates in financials to approximately the same extent as the underlying index.

Expenses
0.59%one share class
Share classExpense ratio
EWZ0.59%

Portfolio turnover 19.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

98.91%
of net assets
Stocks98.70%
Derivatives0.20%
Cash & short-term0.00%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 4 new3 exited

New: Axia Energia, Cia Paranaense de Energia - Copel, ICE Futures Europe - Financial Products Division, Klabin SA

Exited: Cia Paranaense de Energia - Copel, BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES, ICE Futures Europe - Financial Products Division

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Mar 2023 – Feb 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Vale SA11.14%$1.08B
NU Holdings Ltd/Cayman Islands9.15%$883.55M
Itau Unibanco Holding SA8.98%$867.04M
Petroleo Brasileiro SA - Petrobras6.18%$597.08M
Petroleo Brasileiro SA - Petrobras5.55%$536.00M
Banco Bradesco SA3.61%$348.50M
B3 SA - Brasil Bolsa Balcao3.53%$340.97M
WEG SA3.12%$301.64M
Ambev SA2.90%$280.00M
Cia de Saneamento Basico do Estado de Sao Paulo SABESP2.85%$275.31M
Showing 10 of 49Sign in to see more

Top 10 positions are 57.02% of net assets, top 25 84.53%, across 44 issuers.

See more of this fund's book

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