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AFK Market Vectors Africa Index ETF

  • Fund Description

    Market Vectors® Africa Index ETF (AFK®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors 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
    • 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 02/09/16

    • 30-Day SEC Yield1

      2.86%
    • Total Net Assets

      $50.5M
    • Number of Holdings

      92
    • Options

      Expected
    • Gross Expense Ratio2

      0.80%
    • Net Expense Ratio/TER2

      0.80%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • Index Key Points

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

    The Index comprises: 

    A diversified group of companies through which 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: 

    • Incorporated and primarily listed in Africa, or generating at least 50% of revenues (or, in certain circumstances, have at least 50% of their assets) in Africa
    • Market cap exceeding $150 million
    • Three-month average daily trading volume of at least $1 million at the current Index review and also during the previous two reviews
    • At least 250,000 shares traded per month over the last six months at the current Index review and also during the previous two reviews
    • Traded on recognized domestic or international stock exchanges

    Index provider: 

     Market Vectors Index Solutions 

  • Index Profile

    • Ticker

      MVAFKTR
    • Inception Date

      12/31/2005
    • Rebalance Frequency

      Quarterly
  • Download All Index ConstituentsIndex Top 10 Constituents (%)  as of 01/31/16

    Total Constituents: 88
    Constituent Name
    Ticker
    Weightings (%)
    Commercial Intl Bank-Gdr Reg
    CBKD LI
    8.08
    Guaranty Trust Bank
    GUARANTY NL
    5.40
    Naspers Ltd-N Shs
    NPN SJ
    5.11
    Nigerian Breweries Plc
    NB NL
    4.43
    Safaricom Ltd
    SAFCOM KN
    4.03
    Attijariwafa Bank
    ATW MC
    3.96
    Zenith Bank Ltd
    ZENITHBA NL
    3.91
    Tullow Oil Plc
    TLW LN
    3.43
    Centamin Egypt Ltd
    CEY LN
    3.29
    Maroc Telecom
    IAM MC
    3.19
    Top 10 Total (%)44.83
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 01/31/16

    • Country

      Weightings (%)
    • SOUTH AFRICA

      20.6
    • NIGERIA

      19.1
    • EGYPT

      16.9
    • MOROCCO

      11.4
    • UNITED KINGDOM

      8.0
    • CANADA

      5.8
    • KENYA

      4.0
    • AUSTRALIA

      3.3
    • JERSEY

      3.1
    • SINGAPORE

      2.9
    • FRANCE

      1.7
    • UNITED STATES

      1.6
    • NETHERLANDS

      1.4
  • Index Sector Weightings (%) as of 01/31/16

    • Sector

      Weightings (%)
    • Financials

      42.5
    • Materials

      12.7
    • Energy

      11.6
    • Telecommunication Services

      11.5
    • Consumer Staples

      11.2
    • Consumer Discretionary

      6.7
    • Health Care

      1.4
    • n/a

      1.4
    • Industrials

      0.8