# MicroSectors -3x Short Brazil ETNs (BRZD) — Overview

BRZD · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/brzd

## Price

Last close $23.59 on Oct 15, 2026. 52-week range $20.65 – $50.57.

## Fund profile

BRZD are linked to the performance of the VettaFi Brazil Equity Fund-Tracking Index (the "Index").

| Metric | Value |
| --- | --- |
| Issuer | BMO |
| Industry | — |
| Inception | Aug 21, 2026 |
| Assets under management | — |
| Expense ratio | 0.95% |
| Net asset value | $20.71 (as of Oct 13, 2026) |
| Distributions | — |
| Leverage | 3x |

## Frequently Asked Questions

### What is MicroSectors -3x Short Brazil ETNs (BRZD)?

BRZD are linked to the performance of the VettaFi Brazil Equity Fund-Tracking Index (the "Index").

### What is BRZD's expense ratio?

MicroSectors -3x Short Brazil ETNs charges an annual expense ratio of 0.95%. The fund is issued by BMO.

### How do I buy shares of MicroSectors -3x Short Brazil ETNs (BRZD)?

BRZD trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).