iShares MSCI Brazil ETF

iShares, Inc. · Series S000004264 · 1 share classes

Equity fund · 95% stocks
One fund, 1 share classes:EWZ
$10.17B NAV
50 positions · as of 2026-05-31 · filed 2026-07-27
data updated 2026-09-08

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 Q2

98.92%
of net assets
Stocks94.72%
Other4.20%
Cash & short-term0.06%
Derivatives-0.06%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 13 new12 exited

Largest new: Nu Holdings Ltd., ITAUSA S.A., Vibra Energia S.A., XP Inc., Rede D'Or Sao Luiz S.A., JBS, Companhia Paranaense de Energia - Copel, Caixa Seguridade Participacoes SA

Largest exited: NU Holdings Ltd/Cayman Islands, Itausa SA, XP Inc, Vibra Energia SA, JBS NV, Rede D'Or Sao Luiz SA, Cia Paranaense de Energia - Copel, Caixa Seguridade Participacoes S/A

Return profile

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

1-year
+54.79%
3-year
+68.97%
5-year
+65.89%
Volatility
21.98%
Worst 3-yr fall
-29.94%
Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

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

Issuer%NAVValue
VALE S.A.11.50%$1.17B
Nu Holdings Ltd.NU8.71%$885.74M
Itau Unibanco Holding S.A.8.48%$862.52M
Petroleo Brasileiro S.A. (Petrobras)7.28%$741.06M
Petroleo Brasileiro S.A. (Petrobras)6.70%$681.27M
B3 S.A - Brasil, Bolsa, Balcao3.57%$363.46M
Banco Bradesco S.A.3.33%$338.97M
AMBEV S.A.3.19%$325.05M
WEG S.A.3.05%$309.89M
Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP2.87%$292.12M
Showing 10 of 50Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 58.67% of net assets, top 25 84.68%, across 46 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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