• Ticker:- AFK;false;DJAFKT;
  • 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 09/15/14

    • 30-Day SEC Yield1

      2.09%
    • Total Net Assets

      $129.5M
    • Number of Holdings

      114
    • Options

      Expected
    • Gross Expense Ratio2

      0.93%
    • Net Expense Ratio/TER2

      0.81%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • Fundamentals
    as of 08/31/14

    • Weighted Average Market Cap

      $9.5B
    • Price/Earnings Ratio
      (LTM: Last 12 Months)*

      13.94
    • Price/Book Ratio
      (LTM: Last 12 Months)*

      1.69
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market Capitalization (%)
    as of 08/31/14

    • Capitalization

      % of Net
      Assets ($)
    • Large (>$5.0B)

      58.0%
    • Mid ($1.0 - $5.0B)

      37.0%
    • Small (<$1.0B)

      5.1%
    This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
  • 3-YR Risk Measures
    as of 08/31/14

    • Beta vs. S&P 500 Index

      1.02
    • Correlation vs. S&P 500 Index

      0.72
    • Volatility (Standard Deviation)

      16.25
    • Sharpe Ratio

      0.44

    Source: Van Eck Global, FactSet.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation.

  • Country Weightings (%)
    as of 08/31/14

    • Country

      % of Net Assets
    • EGYPT

      21.4
    • SOUTH AFRICA

      20.7
    • NIGERIA

      15.0
    • UNITED KINGDOM

      12.6
    • MOROCCO

      6.6
    • FRANCE

      4.0
    • LUXEMBOURG

      3.5
    • CANADA

      3.2
    • NETHERLANDS

      3.2
    • ZAMBIA

      2.1
    • TANZANIA

      1.9
    • KENYA

      1.6
    • IRELAND

      1.5
    • AUSTRALIA

      1.3
    • SINGAPORE

      0.9
    • U.S.

      0.6
    • SIERRA LEONE

      0.1
    • Other

      -0.1
  • Portfolio Composition (%)
    as of 09/15/14

    • % of Net Assets
    • Stocks

      100.00
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      0.00
  • Sector Weightings (%)
    as of 08/31/14

    • Sector

      Weightings (%)
    • Financials

      41.6
    • Energy

      17.5
    • Materials

      14.8
    • Telecommunication Services

      12.1
    • Consumer Staples

      6.8
    • Consumer Discretionary

      5.1
    • Health Care

      1.3
    • Industrials

      0.8
    • Other

      -0.1
  • Currency Exposure (%)
    as of 08/31/14

    • U.S. Dollar

      19.79
    • South African Rand

      18.74
    • Nigeria Naira

      16.91
    • British Pound

      14.45
    • Moroccan Dirham

      8.70
    • Egyptian Pound

      8.10
    • Canadian Dollar

      5.46
    • Norwegian Krone

      3.66
    • Euro

      1.84
    • Kenyan Shilling

      1.56
    • Singapore Dollar

      0.88
    • Other

      -0.09
    • Total

      100.00