At the sector level utilities is the largest at 33% of the fund, followed by industrials at 23%, materials and telecom at 13% each and 11% in financials. The fund pays a dividend once a year in December and last year the yield was 4.77%. That should not be a surprise given the heavy weighting to utilities and the typically high dividends paid out by Brazilian companies. Zooming out a little past the near-term needs of the World Cup and the Olympics, the country is going to continue to sell more resources to the rest of the world. The quantities may vary based on where Brazil's customers are in their respective economic cycles but demand for resources will not go to zero. If this leads to a more prosperous economy and middle class, as I believe it will, then it also means more access to modern utilities, shopping malls and roads. BRXX is positioned to capture that growth. At the time of publication, VALE was a client holding.This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.