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  • Market Vectors® Africa Index ETF (AFK)

  •  
    AFK_icon_NEW

    The Market Vectors® Africa Index ETF (AFK) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Dow Jones Africa Titans 50 IndexSM (DJAFKT). DJAFKT is a rules-based, modified capitalization-weighted, float-adjusted index comprised of publicly traded companies that are headquartered in Africa or that generate the majority of their revenues in Africa.

  • Ticker:- AFK;false;DJAFK;

  • Details

    Fund | Additional Information

     

    Fact Sheet PDF
    As of February 04, 2012

    Fund Ticker
    AFK
    ISIN
    US57060U7871
    Intraday NAV (IIV)
    AFK.IV
    Index Ticker
    DJAFKT
    Exchange
    NYSE Arca
    Commencement Date
    07/10/2008


    Gross Expense Ratio *
    0.95%
    Net Expense Ratio *
    0.78%
    Options
    Expected
    AUM
    $71.5MM
    * Expenses for the Fund are capped contractually at 0.78% until 05/01/2012. Cap excludes certain expenses, such as interest.
    As of December 31, 2011
    Index Ticker
    DJAFKT
    Index Inception Date
    07/09/2008
    Currency
    USD
    Fund Price/Earning Ratio
    12.26
    Fund Price/Book Ratio
    1.79
    Fund Avg. Weighted Market Cap
    $10722.3 MM
    52 Week High/Low
    876.69 / 667.46

  • Fund Prices

     

    as of February 03, 2012
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		NAV Price History

    Premium-Discount    		Expense Ratio*
    Gross/Net
    Africa Index ETFAFK $29.18
    $29.24         		9,900
    $0.25
    +0.9%

    $0.46
    +1.6%
    		+ 12.0%
    + 13.6%
    		$0.06
    0.21%     		Chart Export 0.95/0.78

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    DJAFKT
    		-2.891.15-21.65-21.659.73n.a.n.a.-8.80
    FUND/NAV-3.041.89-22.05-22.058.39n.a.n.a.-10.11
    FUND/Share Price-3.393.09-24.04-24.048.69n.a.n.a.-10.41
    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    DJAFKT
    		-2.891.15-21.65-21.659.73n.a.n.a.-8.80
    FUND/NAV-3.041.89-22.05-22.058.39n.a.n.a.-10.11
    FUND/Share Price-3.393.09-24.04-24.048.69n.a.n.a.-10.41
    *Commencement date: 07/10/2008
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflects temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    As of December 31, 2011
    		LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    DJAFKT
    		-8.80%-2.89%1.15%-16.47%-21.65%-21.65%n.a.%-8.80%n.a.%
    As of December 31, 2011
    		LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    DJAFKT
    		-8.80%-2.89%1.15%-16.47%-21.65%-21.65%9.73%n.a.%n.a.%
    *Commencement date: 07/09/2008
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance may be lower or higher than performance data quoted.

  • Top 10 Holdings

    Fund | Index

     

    As of February 03, 2012 |TOTAL CONSTITUENTS: 52
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Tullow Oil Plc TLW LN221,1745,122,736
    7.17%
    Nigerian Breweries Plc NB NL8,246,7534,837,924
    6.77%
    Orascom Construction Industries OCIC EY90,2553,660,513
    5.12%
    Attijariwafa Bank ATW MC82,5433,599,909
    5.04%
    Old Mutual Plc OML LN1,410,7733,527,671
    4.93%
    Maroc Telecom Sa IAM MC182,1403,065,795
    4.29%
    Guaranty Trust Bank Plc GUARANTY NL31,783,3852,917,643
    4.08%
    First Quantum Minerals Ltd FM CN116,3522,739,138
    3.83%
    Zenith Bank Plc ZENITHBA NL34,236,9572,649,225
    3.71%
    Sasol Ltd SOL SJ49,2212,612,211
    3.65%
    As of February 03, 2012 |TOTAL CONSTITUENTS: 50
    Holding
    Weighting
    TULLOW OIL TLW LN
    7.17%
    NIGERIAN BREWER NB NL
    6.79%
    ORASCOM CONSTRUCTION OCIC EY
    5.10%
    ATTIJARIWAFA ATW MC
    5.05%
    OLD MUTUAL PLC OML LN
    4.93%
    MAROC TELECOM IAM CI
    4.30%
    GUARANTY TRUST GUARANTY NL
    4.04%
    FIRST QUANTUM MINERALS LTD FM CN
    3.84%
    ZENITH BANK LTD ZENITHBA NL
    3.69%
    SASOL LTD SOL SJ
    3.65%

  • Fund Sector Breakdown

    Fund

     

    As of December 31, 2011
    Financials38.6%
    Materials18.2%
    Energy14.1%
    Telecommunication Services13.2%
    Consumer Staples7.5%
    Industrials6.0%
    Consumer Discretionary2.5%

  • Fund Country Breakdown

    Fund

     

    As of December 31, 2011
    Offshore25.3%
    United Kingdom19.9%
    Canada4.9%
    Australia0.4%
    United States0.2%
    South Africa25.3%
    Nigeria19.7%
    Egypt15.3%
    Morocco13.2%
    Kenya1.2%

  • Fund Market Capitalization

    Fund

     

    As of December 31, 2011
    LARGE (>5.0B)60.5%
    MEDIUM (1.0 - 5.0B)34.0%
    SMALL (<1.0B)5.4%

  • Important Disclosure

    The Fund is subject to a high degree of risk, including those associated with less reliable financial information, higher costs, taxation, decreased liquidity, less stringent reporting, and foreign currency risks. Special risks particular to African investments include expropriation, political instability, economic impacts of armed conflict, civil war and severe social instability, less developed capital markets, lower market capitalization, lower trading volume, illiquidity, inflation, greater price fluctuations, uncertainty regarding the existence of trading markets, politically controlled access to trading markets, unsettled securities laws, and trade barriers. Investors should be willing to accept a high degree of volatility and the potential of significant loss.

    The Dow Jones Africa Titans 50 IndexSM is calculated and maintained by Dow Jones Indexes. “Dow Jones®”, “Titans” and “Dow Jones Africa Titans 50 Index” are service marks of Dow Jones & Company, Inc. Van Eck's Market Vectors Africa Index ETF is not sponsored, endorsed, sold or promoted by Dow Jones Indexes and Dow Jones Indexes makes no representation regarding the advisability of investing in such product(s).

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value.  Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor