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AFK
VanEck 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 listings of companies incorporated outside of Africa but that have at least 50% of their revenues/related assets in Africa.

 
 

  • Fund Ticker

    AFK
  • Exchange

    NYSE Arca
  • Index Total Return Ticker

    MVAFKTR
  • Index Provider

    MV Index Solutions
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVAFKTR

 
as of 01/15/21

  • 30-Day SEC Yield1

    1.57%
  • Total Net Assets

    $53.5M
  • Number of Holdings

    74
  • Options

    Expected
  • Gross Expense Ratio2

    0.86%
  • Net Expense Ratio/TER2

    0.79%
  • Distribution Frequency

    Annual

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 their revenues/related 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

Index Top 10 Constituents (%) as of 12/31/20

Total Constituents: 72
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full data
Constituent Name
Ticker
Weightings (%)
Naspers Ltd-N Shs
NPN SJ
7.50
Safaricom Ltd
SAFCOM KN
6.45
Attijariwafa Bank
ATW MC
4.77
Guaranty Trust Bank
GUARANTY NL
4.45
Jumia Technologies Ag-Adr
JMIA US
4.43
Maroc Telecom
IAM MC
4.41
Anglo American Plc
AAL LN
4.28
Ivanhoe Mines Ltd
IVN CN
3.74
Commercial Intl Bank-Gdr Reg
CBKD LI
3.66
Mtn Nigeria Communications P
MTNN NL
3.63
Top 10 Total (%) 47.32
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 12/31/20

  • Country

    Weightings (%)
  • South Africa

    33.9
  • Morocco

    15.4
  • Nigeria

    13.2
  • Canada

    10.3
  • Kenya

    10.1
  • Egypt

    4.7
  • Germany

    4.4
  • Zambia

    2.9
  • China

    2.0
  • India

    1.2
  • Singapore

    0.8
  • Norway

    0.6
  • United States

    0.4
  • Switzerland

    0.2

Index Sector Weightings (%) as of 12/31/20

  • Sector

    Weightings (%)
  • Financials

    31.2
  • Materials

    27.6
  • Communication Services

    16.2
  • Consumer Discretionary

    14.2
  • Consumer Staples

    8.2
  • Health Care

    0.8
  • Real Estate

    0.6
  • Utilities

    0.6
  • Industrials

    0.4
  • Energy

    0.2