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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.

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    • 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 02/08/16

    • 30-Day SEC Yield1

      2.78%
    • Total Net Assets

      $51.3M
    • 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
  • Fundamentals
    as of 01/31/16

    • Weighted Average Market Cap

      $7.1B
    • Price/Earnings Ratio
      (Last 12 Months)*

      9.71
    • Price/Book Ratio
      (Last 12 Months)*

      0.96
    *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 01/31/16

    • Capitalization

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

      33.3%
    • Mid ($1.0 - $5.0B)

      51.9%
    • Small (<$1.0B)

      14.6%
    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 01/31/16

    • Beta vs. S&P 500 Index

      0.77
    • Correlation vs. S&P 500 Index

      0.55
    • Volatility (Standard Deviation)

      15.03
    • Sharpe Ratio

      -1.08

    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 01/31/16

    • Country

      % of Net Assets
    • SOUTH AFRICA

      20.71
    • UNITED KINGDOM

      14.72
    • EGYPT

      14.13
    • NIGERIA

      12.34
    • MOROCCO

      7.84
    • CANADA

      6.04
    • NETHERLANDS

      5.67
    • KENYA

      3.89
    • UAE

      3.07
    • VIRGIN ISLANDS

      2.98
    • SWITZERLAND

      2.64
    • LIECHTENSTEIN

      2.49
    • UNITED STATES

      1.72
    • FRANCE

      1.53
    • Other/Cash

      0.24
  • Portfolio Composition (%)
    as of 02/08/16

    • % of Net Assets
    • Stocks

      100.10
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      -0.10
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Financials

      42.7
    • Materials

      12.7
    • Energy

      11.4
    • Telecommunication Services

      11.3
    • Consumer Staples

      11.2
    • Consumer Discretionary

      8.2
    • Health Care

      1.4
    • Industrials

      0.8
    • Other/Cash

      0.2
  • Currency Exposure (%)
    as of 01/31/16

    • South African Rand

      20.69
    • U.S. Dollar

      20.26
    • Nigeria Naira

      19.27
    • British Pound

      11.14
    • Moroccan Dirham

      10.90
    • Egyptian Pound

      4.57
    • Kenyan Shilling

      3.89
    • Canadian Dollar

      3.29
    • Singapore Dollar

      2.98
    • Euro

      1.53
    • Swedish Krona

      1.23
    • Other/Cash

      0.24