• Ticker:- AFK;false;DJAFK;
  • Ticker Group:- ETFEQ_INTL;false;;
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Africa Index ETF AFK

  • Full Name: Market Vectors®
    Africa Index ETF (AFK)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP Africa Index (MVAFKTR)

    Index Provider: Market Vectors Index Solutions

    Index Description: MVAFKTR tracks the performance of the largest and most liquid companies in Africa. The weighting of a country in the index is determined by the size of its gross domestic product.

  •  
      

    • Fund Ticker

      AFK
    • Exchange

      NYSE Arca
    • Commencement

      07/10/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVAFKTR
    • Index Rebalancing

      Quarterly
  •  
    as of 08/27/14

    • 30-Day SEC Yield1

      2.49%
    • Total Net Assets

      $131.7M
    • Number of Holdings

      113
    • Options

      Expected
    • Gross Expense Ratio2

      0.93%
    • Net Expense Ratio/TER2

      0.81%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • Key Points

    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

  • Trading Information

    • Fund Ticker

      AFK
    • Index Total Return Ticker

      MVAFKTR
    • NAV

      AFKNV
    • Intraday NAV (IIV)4

      AFKIV
    • Shares Outstanding

      3,950,000
    • Estimated Cash

      AFKEU
    • Total Cash

      AFKTC
    • CUSIP

      57060U787
    • ISIN

      US57060U7871
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.43%
    • Gross Expense Ratio

      0.93%
    • Fee Waivers and
      Expense Reimbursement

      -0.12%
    • Net Expense Ratio/TER2

      0.81%
    2 Expenses AFK are capped contractually at 0.78% until at least May 1, 2015. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Prices as of 08/27/2014

    TickerNAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    AFK $33.34
    $33.49
    37,080
    13,945
    $0.10 / +0.29%
    $0.10 / +0.30%
    + 7.8%
    + 8.3%

    $0.15
    0.45%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/10/08
    AFK (NAV) 0.61 1.56 7.27 18.25 4.96 6.64 -- -1.13
    AFK (Share Price) 1.36 1.98 8.09 18.04 5.48 6.46 -- -1.01
    MVAFKTR (Index) 5 0.96 2.12 8.36 19.56 6.07 7.80 -- 0.26
    Performance Differential (NAV - Index) -0.35 -0.56 -1.09 -1.31 -1.11 -1.16 -- -1.39
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/10/08
    AFK (NAV) 0.46 5.77 6.63 24.90 3.92 6.88 -- -1.24
    AFK (Share Price) -0.21 5.98 6.63 25.37 4.04 6.67 -- -1.25
    MVAFKTR (Index) 5 0.57 6.32 7.33 25.65 5.02 7.97 -- 0.11
    Performance Differential (NAV - Index) -0.11 -0.55 -0.70 -0.75 -1.10 -1.09 -- -1.35
  • View All Holdings »Top 10 Holdings (%)as of 07/31/14

    Total Holdings: 114
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Commercial International Bank Egypt Sae
    CBKD LI
    1,996,711
    11,623,2509.10
    Guaranty Trust Bank Plc
    GUARANTY NL
    32,327,289
    5,936,4044.65
    Acergy Sa
    SUBC NO
    282,080
    4,700,1383.68
    Zenith Bank Plc
    ZENITHBA NL
    30,002,816
    4,624,0923.62
    Orascom Telecom Holding Sae
    GLTD LI
    1,227,404
    4,262,9323.34
    Nigerian Breweries Plc
    NB NL
    3,821,172
    4,250,7293.33
    Naspers Ltd
    NPN SJ
    30,575
    3,762,3062.95
    Attijariwafa Bank
    ATW MC
    97,346
    3,608,2312.82
    Tullow Oil Plc
    TLW LN
    291,432
    3,573,1132.80
    Talaat Moustafa Group
    TMGH EY
    2,665,587
    3,511,8402.75
    Top 10 Total (%)39.04
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%)
    as of 07/31/14

    • Country

      % of Net Assets
    • EGYPT

      20.5
    • SOUTH AFRICA

      20.2
    • NIGERIA

      15.4
    • UNITED KINGDOM

      12.9
    • MOROCCO

      6.6
    • FRANCE

      4.0
    • LUXEMBOURG

      3.4
    • NETHERLANDS

      3.3
    • CANADA

      3.3
    • ZAMBIA

      2.2
    • IRELAND

      2.0
    • TANZANIA

      1.8
    • KENYA

      1.5
    • AUSTRALIA

      1.1
    • SINGAPORE

      0.9
    • U.S.

      0.6
    • SIERRA LEONE

      0.3
    • Other

      -0.1
  • Sector Weightings (%)
    as of 07/31/14

    • Sector

      Weightings (%)
    • Financials

      40.6
    • Energy

      17.3
    • Materials

      16.4
    • Telecommunication Services

      11.7
    • Consumer Staples

      7.1
    • Consumer Discretionary

      5.0
    • Health Care

      1.2
    • Industrials

      0.8
    • Other

      -0.1