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AFK Market Vectors Africa Index ETF

  • Fund Description

    VanEck Vectors Africa Index ETF (AFK®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS GDP Africa Index (MVAFKTR), which includes local listings of companies that are incorporated in Africa and offshore listings of companies incorporated outside of Africa but that generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in Africa.

  •  
      

    • Fund Ticker

      AFK
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVAFKTR
    • Index Provider

      MV Index Solutions
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVAFKTR
    • Commencement

      07/10/2008
  •  
    as of 07/01/16

    • 30-Day SEC Yield1

      1.40%
    • Total Net Assets

      $71.2M
    • Number of Holdings

      85
    • Options

      Expected
    • Gross Expense Ratio2

      0.82%
    • Net Expense Ratio/TER2

      0.79%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • 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

      3,500,000
    • Estimated Cash

      AFKEU
    • Total Cash

      AFKTC
    • CUSIP

      92189F866
    • ISIN

      US92189F8665
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.32%
    • Gross Expense Ratio

      0.82%
    • Fee Waivers and
      Expense Reimbursement

      -0.03%
    • Net Expense Ratio/TER2

      0.79%
    2 Expenses for AFK are capped contractually at 0.78% until at least May 1, 2017. Cap excludes certain expenses, such as interest.
  • Prices as of 07/01/16

    NAV/
    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 $20.34
    $20.34
    34,416
    3,647
    $0.12 / +0.61%
    $0.28 / +1.40%
    +12.3%
    +14.3%
    $0.00
    -0.02%
  • 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) -3.71 19.00 13.09 -17.72 -9.70 -6.70 -- -6.16
    AFK (Share Price) -6.88 15.95 11.13 -21.61 -10.85 -7.26 -- -6.58
    MVAFKTR (Index) 5 -3.51 19.11 13.26 -17.01 -8.76 -5.69 -- -4.95
    Performance Differential (NAV - Index) -0.20 -0.11 -0.17 -0.71 -0.94 -1.01 -- -1.21
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/10/08
    AFK (NAV) 10.40 4.91 4.91 -22.48 -11.96 -7.86 -- -7.20
    AFK (Share Price) 10.97 6.35 6.35 -22.73 -12.39 -8.10 -- -7.25
    MVAFKTR (Index) 10.38 4.96 4.96 -21.78 -10.83 -6.90 -- -5.99
    Performance Differential (NAV - Index) 0.02 -0.05 -0.05 -0.70 -1.13 -0.96 -- -1.21
  • Daily Holdings »Top 10 Holdings (%) as of 05/31/16

    Total Holdings: 87
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Commercial International Bank Egypt Sae
    CBKD LI
    1,430,836
    5,290,5237.17
    Guaranty Trust Bank Plc
    GUARANTY NL
    47,363,834
    4,620,0356.27
    Nigerian Breweries Plc
    NB NL
    6,124,975
    4,154,0905.63
    Naspers Ltd
    NPN SJ
    27,124
    3,987,9285.41
    Zenith Bank Plc
    ZENITHBA NL
    45,979,235
    3,450,1634.68
    Centamin Plc
    CEY LN
    2,276,640
    3,184,7964.32
    Tullow Oil Plc
    TLW LN
    863,697
    2,880,4163.91
    Safaricom Ltd
    SAFCOM KN
    15,907,400
    2,682,8573.64
    Global Telecom Holding Sae
    GLTD LI
    1,501,880
    2,598,2523.52
    First Quantum Minerals Ltd
    FM CN
    356,299
    2,342,4603.18
    Top 10 Total (%)47.73
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 05/31/16

    • Country

      % of Net Assets
    • SOUTH AFRICA

      19.25
    • NIGERIA

      14.27
    • UNITED KINGDOM

      13.05
    • EGYPT

      11.63
    • NETHERLANDS

      10.39
    • CANADA

      9.68
    • MOROCCO

      6.72
    • KENYA

      3.64
    • UAE

      2.83
    • SWITZERLAND

      2.51
    • INDONESIA

      2.34
    • FRANCE

      1.97
    • UNITED STATES

      1.81
    • Other/Cash

      -0.09
  • Sector Weightings (%) as of 05/31/16

    • Sector

      % of Net Assets
    • Financials

      39.7
    • Materials

      17.2
    • Consumer Staples

      12.3
    • Telecommunication Services

      11.5
    • Energy

      9.5
    • Consumer Discretionary

      8.4
    • Health Care

      1.4
    • Industrials

      0.2
    • Other/Cash

      -0.1