BRAZ Fees and Costs — Global X Brazil Active ETF
Data updated: 2026-07-29
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.1195% of average net assets, and portfolio turnover was 36%.
BRAZ Fees and Expenses
Annual operating expenses and sales charges of BRAZ. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BRAZ Costs Over Time
On $10,000 invested in BRAZ, assuming 5% a year before costs, total costs come to $545 over 5 years, cutting the return by 0.91% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $427 |
| Trading costs (broker commissions) | $13 | $39 | $68 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $299 | $545 |
| Value after costs | $10,409 | $11,277 | $12,218 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
BRAZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1195%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
BRAZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN | $1K | 20.05% |
| ITAU SECURITIES INC. | $897 | 15.47% |
| UBS SECURITIES LLC | $805 | 13.88% |
| MORGAN STANLEY & CO, INC | $695 | 11.97% |
| BRADESCO SECURITIES, INC. | $682 | 11.75% |
| XP SECURITIES | $471 | 8.11% |
| BTIG LLC | $340 | 5.87% |
| JEFFERIES LLC | $315 | 5.43% |
| BANK OF AMERICA | $217 | 3.75% |
| GOLDMAN SACHS & CO | $216 | 3.72% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.