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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 07/27/16

    • 30-Day SEC Yield1

      1.73%
    • Total Net Assets

      $71.7M
    • 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
  • Index Key Points

    Underlying Index: MVIS 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:

     MV Index Solutions 

  • Index Profile

    • Ticker

      MVAFKTR
    • Inception Date

      12/31/2005
    • Rebalance Frequency

      Quarterly
  • Download All Index ConstituentsIndex Top 10 Constituents (%)  as of 06/30/16

    Total Constituents: 82
    Constituent Name
    Ticker
    Weightings (%)
    Commercial Intl Bank-Gdr Reg
    CBKD LI
    7.67
    Naspers Ltd-N Shs
    NPN SJ
    5.89
    Guaranty Trust Bank
    GUARANTY NL
    5.35
    Centamin Plc
    CEY LN
    5.11
    Nigerian Breweries Plc
    NB NL
    4.17
    Tullow Oil Plc
    TLW LN
    3.94
    Safaricom Ltd
    SAFCOM KN
    3.90
    Global Telecom Holding-Gdr
    GLTD LI
    3.59
    Zenith Bank Plc
    ZENITHBA NL
    3.58
    Iamgold Corp
    IAG US
    3.32
    Top 10 Total (%)46.52
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 06/30/16

    • Country

      Weightings (%)
    • SOUTH AFRICA

      21.9
    • NIGERIA

      17.4
    • EGYPT

      15.1
    • MOROCCO

      10.3
    • CANADA

      9.3
    • UNITED KINGDOM

      6.4
    • AUSTRALIA

      5.1
    • KENYA

      3.9
    • UNITED STATES

      3.4
    • JERSEY

      3.1
    • SINGAPORE

      2.3
    • NETHERLANDS

      1.3
    • UAE

      0.5
  • Index Sector Weightings (%) as of 06/30/16

    • Sector

      Weightings (%)
    • Financials

      38.0
    • Materials

      19.0
    • Telecommunication Services

      12.3
    • Consumer Staples

      10.5
    • Consumer Discretionary

      9.5
    • Energy

      7.4
    • Health Care

      1.7
    • n/a

      1.3
    • Industrials

      0.3