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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 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 03/24/17

    • 30-Day SEC Yield1

      0.84%
    • Total Net Assets

      $69.1M
    • Number of Holdings

      83
    • Options

      Expected
    • Gross Expense Ratio2

      0.82%
    • Net Expense Ratio/TER2

      0.79%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/15/2017
  • 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
    Index constituents must be incorporated in, or generate the majority of revenues in, Africa
  • Trading Information

    • Fund Ticker

      AFK
    • Index Total Return Ticker

      MVAFKTR
    • NAV

      AFKNV
    • Intraday NAV (IIV)4

      AFKIV
    • Shares Outstanding

      3,250,000
    • Estimated Cash

      AFKEU
    • Total Cash

      AFKTC
    • CUSIP

      92189F866
    • ISIN

      US92189F8665
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.32%
    • Gross Expense Ratio

      0.82%
    • Fee Waivers and
      Expense Reimbursement

      -0.03%
    • Net Expense Ratio/TER2

      0.79%
    2 Expenses for AFK are capped contractually at 0.78% until at least May 1, 2017. Cap excludes certain expenses, such as interest.
  • Prices as of 03/24/17

    NAV/
    Last 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
    NAV
    Chart
    AFK $21.27
    $21.20
    10,273
    6,378
    -$0.05 / -0.23%
    $-0.20 / -0.93%
    +5.9%
    +7.1%
    $-0.07
    -0.32%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/10/08
    AFK (NAV)-4.546.201.4921.68-10.92-5.02---5.40
    AFK (Share Price)-1.6510.535.6125.96-10.38-4.46---5.12
    MVAFKTR (Index) 5-0.5710.675.2428.71-8.52-3.13-0.14-3.67
    Performance Differential (NAV - Index)-3.97-4.47-3.75-7.03-2.40-1.89---1.73
    Quarter End as of 12/31/16
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/10/08
    AFK (NAV)4.63-0.8513.9413.94-11.17-2.44---5.67
    AFK (Share Price)4.66-1.9014.3114.31-11.58-2.49---5.83
    MVAFKTR (Index) 55.160.5016.3016.30-9.82-1.070.06-4.32
    Performance Differential (NAV - Index)-0.53-1.35-2.36-2.36-1.35-1.37---1.35
  • Daily HoldingsTop 10 Holdings (%) as of 02/28/17

    Total Holdings: 84
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Commercial International Bank Egypt Sae
    CBKD LI
    1,318,645
    5,907,5308.91
    Naspers Ltd
    NPN SJ
    30,153
    4,834,2557.29
    Centamin Plc
    CEY LN
    1,569,280
    3,402,8935.13
    Randgold Resources Ltd
    GOLD US
    28,281
    2,593,6513.91
    Ivanhoe Mines Ltd
    IVN CN
    881,636
    2,562,7993.87
    Tullow Oil Plc
    TLW LN
    664,236
    2,222,3033.35
    Safaricom Ltd
    SAFCOM KN
    12,473,700
    2,152,7293.25
    Attijariwafa Bank
    ATW MC
    49,971
    2,058,8733.11
    Maroc Telecom
    IAM MC
    135,898
    1,958,0792.95
    Guaranty Trust Bank Plc
    GUARANTY NL
    31,623,485
    1,951,9232.94
    Top 10 Total (%)44.71
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

    As of February 23, 2017, AFK is fair valuing the Nigerian Naira spot rate by referencing the 6-month non-deliverable forward rate. The valuation methodology may change in the future. As of such date, using the forward rate, in addition to securities denominated in Nigerian Naira, AFK held approximately USD$4million in Nigerian Naira cash balances. Foreign currency cash balances are subject to frequent change.
  • Country Weightings (%) as of 02/28/17

    • Country

      % of Net Assets
    • SOUTH AFRICA

      30.52
    • UNITED KINGDOM

      17.14
    • CANADA

      11.78
    • EGYPT

      11.78
    • MOROCCO

      7.06
    • NETHERLANDS

      4.69
    • NIGERIA

      4.65
    • KENYA

      3.25
    • UAE

      2.95
    • UNITED STATES

      1.69
    • MAURITIUS

      1.68
    • INDONESIA

      1.64
    • SWITZERLAND

      0.68
    • Other/Cash

      0.50
  • Sector Weightings (%) as of 02/28/17

    • Sector

      % of Net Assets
    • Financials

      32.1
    • Materials

      24.6
    • Consumer Discretionary

      11.4
    • Telecommunication Services

      11.0
    • Consumer Staples

      7.4
    • Energy

      5.8
    • Real Estate

      4.7
    • Health Care

      1.8
    • Industrials

      0.5
    • Information Technology

      0.2
    • Other/Cash

      0.5