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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
  • Commencement

    07/10/2008

 
as of 03/27/20

  • 30-Day SEC Yield1

    3.53%
  • Total Net Assets

    $32.0M
  • Number of Holdings

    78
  • Options

    Expected
  • Gross Expense Ratio2

    0.91%
  • Net Expense Ratio/TER2

    0.78%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/18/2020

Key Points

  • Nation's First ETF Focused Exclusively on Africa
    A relatively untapped region with vast commodity resources and growth potential

  • One-Trade Access
    To a broad range of sectors and African countries, including exposure to some less traditional, frontier markets

  • Pure Play
    Companies must be incorporated in, or derive at least 50% of total revenues from Africa to be added to the index

Trading Information

  • Fund Ticker

    AFK
  • Index Total Return Ticker

    MVAFKTR
  • NAV

    AFKNV
  • Intraday NAV (IIV)4

    AFKIV
  • Shares Outstanding

    2,450,000
  • Estimated Cash

    AFKEU
  • Total Cash

    AFKTC
  • CUSIP

    92189F866
  • ISIN

    US92189F8665
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.41%
  • Gross Expense Ratio

    0.91%
  • Fee Waivers and
    Expense Reimbursement

    -0.13%
  • Net Expense Ratio/TER2

    0.78%
2Expenses for AFK are capped contractually at 0.78% until May 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 03/27/20

NAV/
Market Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change
NAV/
Last Price
Premium/
Discount
Prem/Discount
Distribution Charts
NAV &
Prem/Discount
History
30-Day
Median
Bid Ask
Spread
NAV
Chart
AFK $13.04
$12.48
20,695
42,926
-$0.61 / -4.48%
$-0.50 / -3.85%
-36.37%
-38.48%
$-0.56
-4.32%
0.66%

Premium/Discount History as of 03/27/20

Calendar Year 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 106 5 0 6 0
AFK Days closed at NAV 3 1 0 1 1
Days closed at a discount 142 55 63 57 63

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) -9.55 -10.99 -15.11 -15.34 -1.99 -4.59 -2.13 -4.53
AFK (Share Price) -8.89 -9.14 -13.60 -14.20 -2.53 -4.65 -2.10 -4.46
MVAFKTR (Index)5 -10.29 -11.09 -15.53 -15.62 -2.32 -3.49 -1.02 -3.33
Performance Differential (NAV - Index) 0.74 0.10 0.42 0.28 0.33 -1.10 -1.11 -1.20
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) 4.85 7.56 8.52 8.52 4.02 -1.97 -0.35 -3.22
AFK (Share Price) 5.16 8.17 9.76 9.76 4.22 -1.95 -0.52 -3.30
MVAFKTR (Index)5 5.25 8.15 8.76 8.76 5.11 -0.86 0.78 -1.94
Performance Differential (NAV - Index) -0.40 -0.59 -0.24 -0.24 -1.09 -1.11 -1.13 -1.28

Top 10 Holdings (%) as of 02/29/20 Daily Holdings

Total Holdings: 82
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
NASPERS LTD
NPN SJ
24,211
3,753,892 8.80
ATTIJARIWAFA BANK
ATW MC
57,110
2,937,772 6.89
SAFARICOM PLC
SAFCOM KN
8,650,700
2,384,926 5.59
COMMERCIAL INTERNATIONAL BANK EGYPT SAE
CBKD LI
423,549
2,075,390 4.87
BANQUE CENTRALE POPULAIRE
BCP MC
66,834
1,882,198 4.41
BARRICK GOLD CORP
GOLD US
90,115
1,715,790 4.02
MAROC TELECOM
IAM MC
111,071
1,715,222 4.02
ANGLO AMERICAN PLC
AAL LN
65,463
1,534,353 3.60
GUARANTY TRUST BANK PLC
GUARANTY NL
22,923,121
1,511,098 3.54
EQUITY GROUP HOLDINGS PLC/KENYA
EQBNK KN
2,868,100
1,282,426 3.01
Top 10 Total (%) 48.75
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 02/29/20

  • Country

    % of Net Assets
  • South Africa

    35.88
  • Morocco

    15.35
  • Canada

    9.17
  • Kenya

    8.60
  • Nigeria

    6.14
  • Egypt

    5.73
  • Uae

    4.02
  • Ghana

    3.39
  • China

    2.69
  • United Kingdom

    1.99
  • Zambia

    1.98
  • Switzerland

    1.75
  • India

    1.58
  • Singapore

    1.49
  • United States

    0.51
  • Zimbabwe

    0.03
  • Other/Cash

    -0.30

Sector Weightings (%) as of 02/29/20

  • Sector

    % of Net Assets
  • Financials

    37.2
  • Materials

    22.5
  • Communication Services

    13.6
  • Consumer Discretionary

    11.8
  • Consumer Staples

    9.0
  • Energy

    3.6
  • Real Estate

    1.0
  • Health Care

    1.0
  • Industrials

    0.5
  • Other/Cash

    -0.3