Highlights

  • EWZS targets small Capitalisation Brazilian equities.
  • The published expense ratio is 0.59%.
  • The fund's distribution frequency is semi-annual.

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) seeks exposure to small capitalisation Brazilian equities. With net asset value of USD 10.54 per share as of 2 November 2026, the fund reported net Assets of USD 319,777,822 as of 2 November 2026. Its Investment approach centres on tracking the MSCI Brazil Small Cap index (Net).

A Smaller Company Segment Within Brazil

The small cap mandate reaches a different part of Brazil's listed market from a portfolio focused on larger businesses. Smaller companies can depend more heavily on particular products, customers or funding relationships. Their industry distribution also differs from the broader country universe. The size filter therefore changes both the types of businesses represented and the financial constraints that can influence their development.

Portfolio Composition and Exposure

EWZS reported 66 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Consumer Discretionary at 18.24% and Utilities at 17.62%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

EWZS lists an expense ratio of 0.59%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on Nasdaq at market prices, which may differ from net asset value.

The stated distribution frequency is semi-annual. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Limited financing access, thinner share trading and Brazilian currency movements can affect smaller companies. Domestic economic weakness may put pressure on businesses with concentrated customer or Revenue bases. EWZS combines Brazil specific exposure with small company risks, making its industry mix and the funding strength of underlying businesses central to the allocation.