MVIS Brazil Small-Cap Index

The Brazil Small-Cap Index (MVBRF) tracks the performance of the most liquid small-cap companies in Brazil. This is a modified market cap-weighted index, and it also includes non-local companies incorporated outside of Brazil that generate at least 50% of their revenues in Brazil.

Country Weightings

The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.

The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.

CountryComponentsWeightNon-localComponentsWeight
Canada (*)2 2.79%---
Luxembourg (*)1 1.12%---
British Virgin Islands (*)1 1.20%---
Israel (*)1 0.75%---
Japan (*)1 0.66%---
Brazil88 88.09%11 99 100.00%
Chile (*)1 0.37%---
Cayman Islands (*)4 5.02%---
Total99 100.00%11 99 100.00%

Sector Weightings

The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.

SectorComponentsWeightComponentsWeightDifferenceDifference %
Energy4 2.71%3 2.40%1 0.32%
Materials5 6.56%3 4.40%2 2.16%
Industrials15 13.35%15 15.58%0 -2.23%
Consumer Discretionary 26 24.02%23 24.62%3 -0.60%
Consumer Staples11 11.05%10 11.59%1 -0.54%
Health Care5 5.54%5 6.46%0 -0.92%
Financials10 8.28%9 8.61%1 -0.33%
Information Technology4 3.80%1 0.33%3 3.47%
Communication Services5 4.05%5 4.72%0 -0.68%
Utilities6 11.17%6 13.04%0 -1.87%
Real Estate6 7.07%6 8.25%0 -1.18%
Total97 97.60%86 100.00%

Size Weightings

  • Large-Cap: companies with a market capitalisation above 6,000 mln USD
  • Mid-Cap: companies with a market capitalisation from 1,500 mln to 6,000 mln USD
  • Small-Cap: companies with a market capitalisation from 200 mln to 1,500 mln USD
  • Micro-Cap: companies with a market capitalisation up to 200 mln USD
SizeMarket CapComponentsWeight
Large-Cap---
Mid-Cap4,025,373,000 USD2 5.23%
Small-Cap67,042,935,700 USD97 94.77%
Micro-Cap---
Total71,068,308,700 USD99 100.00%
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