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    Africa Index ETF (AFK)

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    AFK_icon_NEW

    The Africa Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Dow Jones Africa Titans 50 IndexSM.

    DJAFK 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 | Index

     

    Fact Sheet PDF
    As of August 31, 2010

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


    Gross Expense Ratio *
    1.43%
    Net Expense Ratio *
    0.84%
    Options
    Expected
    AUM
    $65MM
    * Expenses for the fund are capped contractually at 0.83% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of June 30, 2010
    INCEPTION DATE
    07/09/2008
    CURRENCY
    USD
    PRICE/EARNING RATIO
    13.17
    PRICE/BOOK RATIO
    2.12
    MARKET CAP
    $77.2 B
    52 WEEK HIGH/LOW
    812.61 / 684.68

  • Prices

     

    As of September 09, 2010
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		Price HistoryExp. Ratio*
    Gross/Net
    Africa Index ETFAFK $30.33
    $30.17         		8,297
    $0.12 + 0.4%

    $-0.11 - 0.4%
    		+ 7.8%
    + 6.2%
    		$-0.16
    -0.53%     		Chart Export 1.43/0.84

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of July 31, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    DJAFKT
    		8.37-4.537.4913.78n.a.n.a.n.a.-10.60
    FUND/NAV8.63-4.546.9312.27n.a.n.a.n.a.-12.49
    FUND/Share Price11.74-3.158.2712.97n.a.n.a.n.a.-11.57
    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    DJAFKT
    		-4.68-9.19-0.816.83n.a.n.a.n.a.-11.70
    FUND/NAV-16.56-4.02-9.97-1.565.14n.a.n.a.-16.56
    FUND/Share Price-4.78-12.64-3.103.48n.a.n.a.n.a.-16.85
    *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 reflect current 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.

    As of July 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    DJAFKT
    		-10.60%8.37%-4.53%7.56%7.49%13.78%n.a.n.a.n.a.
    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    DJAFKT
    		-11.70%-4.68%-9.19%n.a.-0.81%6.83%n.a.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 September 08, 2010 |TOTAL CONSTITUENTS: 51
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Tullow Oil PLC TLW LN204,7783,915,131
    5.89%
    Orascom Construction Industries OCIC EY66,3682,951,604
    4.44%
    Commercial International Bank Egypt SAE COMI EY422,8802,866,793
    4.31%
    Mobile Telecommunications Co KSC ZAIN KK632,0002,806,924
    4.22%
    Nigerian Breweries PLC NB NL6,064,0682,764,208
    4.16%
    Old Mutual PLC OML LN1,318,1222,738,688
    4.12%
    Maroc Telecom IAM MC133,9332,260,216
    3.40%
    Attijariwafa Bank ATW MC60,6952,161,082
    3.25%
    First Bank of Nigeria PLC FIRSTBAN NL26,166,1912,130,207
    3.21%
    MTN Group Ltd MTN SJ119,7702,038,398
    3.07%
    As of September 08, 2010 |TOTAL CONSTITUENTS: 50
    Holding
    % of net assets
    Tullow Oil Plc TLW LN
    6.02%
    Orascom Construction Industries S.A.E. eOOCIC
    4.43%
    Commercial International Bank (Egypt) S.A.E. eOCOMI
    4.30%
    Mobile Telecommunications Co. (Mtc) K.S.C. jWZAIN
    4.24%
    Old Mutual Plc lLOML
    4.19%
    Annapolis Bancorp Inc aNNB
    4.10%
    Maroc Telecom edIAM
    3.37%
    Attijariwafa Bank edATW
    3.25%
    First Bank Of Nigeria Plc aNFIRSTBANK
    3.21%
    Mtn Group Ltd. exMTN
    3.11%

  • Key Features

    Fund | Index

     

    Nation's First ETF Focused Exclusively on Africa

    a relatively untapped region with vast commodity resources and growth potential

    One-Trade Access

    to a broad range of sectors and African countries, including exposure to some less traditional, frontier markets

    Pure Play

    index constituents must be headquartered in, or generate the majority of revenues in, Africa

    Convenient Way to Customize International Exposure 

    complement traditional foreign exposure with investments beyond mainstream emerging markets

    Low Correlation 

    local stock market returns have low correlation with developed markets
    The Index comprises:

    A diversified group of 50 companies; market participants gain direct or indirect exposure to a broad range of African countries, including less developed, frontier markets

    Companies eligible for inclusion in Index:
    • Headquartered or generating majority of revenues in Africa
    • Market cap exceeding $200 million
    • Three-month average daily turnover greater than $1 million
    • Traded on recognized domestic or international stock exchanges 

    Index provider:

    Dow Jones Indexes  

     

  • Index Sector Breakdown

    Index

     

    As of June 30, 2010
    Banks29.4%
    Basic Resources20.0%
    Telecommunications12.2%
    Oil & Gas9.3%
    Industrial Goods4.5%
    Other24.7%

  • Index Country Breakdown

    Index

     

    As of June 30, 2010
    South Africa28.50%
    Offshore21.50%
    Angola1.00%
    Equatorial Guinea5.00%
    Ghana2.60%
    Mali3.20%
    Nigeria4.40%
    South Africa0.80%
    Zambia2.30%
    Australia1.20%
    Sierra Leone0.30%
    Burkina Faso0.80%
    Egypt19.00%
    Nigeria17.10%
    Morocco12.50%
    Kenya1.40%

  • Index Market Capitalization

     

    As of June 30, 2010
    LARGE (>5.0B)0.0%
    MEDIUM (1.0 - 5.0B)84.7%
    SMALL (<1.0B)15.3%
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    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.

    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 risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information.  Please read the prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor