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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

      Bank of New York Mellon
    • Index Ticker

      MVAFKTR
    • Commencement

      07/10/2008
  •  
    as of 05/19/17

    • 30-Day SEC Yield1

      1.53%
    • Total Net Assets

      $70.5M
    • Number of Holdings

      85
    • Options

      Expected
    • Gross Expense Ratio2

      0.83%
    • 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

      0.33%
    • Gross Expense Ratio

      0.83%
    • Fee Waivers and
      Expense Reimbursement

      -0.04%
    • Net Expense Ratio/TER2

      0.79%
    2Expenses for AFK are capped contractually at 0.78% until at least May 1, 2018. Cap excludes certain expenses, such as interest.
  • Prices as of 05/19/17

    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 $21.69
    $21.45
    10,175
    19,590
    $0.30 / +1.40%
    $0.05 / +0.23%
    +8.0%
    +8.4%
    $-0.24
    -1.12%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/10/08
    AFK (NAV)1.11-1.924.281.16-11.55-4.12---5.01
    AFK (Share Price)1.29-0.476.872.37-11.34-4.00---4.90
    MVAFKTR (Index) 52.131.977.946.94-9.30-2.25-1.23-3.33
    Performance Differential (NAV - Index)-1.02-3.89-3.66-5.78-2.25-1.87---1.68
    Quarter End as of 03/31/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/10/08
    AFK (NAV)1.623.143.1412.00-10.50-4.08---5.17
    AFK (Share Price)-0.105.515.5113.41-10.17-4.09---5.08
    MVAFKTR (Index) 50.425.685.6817.10-8.43-2.35-0.74-3.59
    Performance Differential (NAV - Index)1.20-2.54-2.54-5.10-2.07-1.73---1.58
  • Daily HoldingsTop 10 Holdings (%) as of 04/30/17

    Total Holdings: 84
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Naspers Ltd
    NPN SJ
    30,456
    5,782,6008.49
    Commercial International Bank Egypt Sae
    CBKD LI
    1,273,521
    5,444,3028.00
    Tullow Oil Plc
    TLW LN
    1,300,215
    3,523,5555.17
    Centamin Plc
    CEY LN
    1,496,276
    3,424,3595.03
    Safaricom Ltd
    SAFCOM KN
    15,157,000
    2,831,3664.16
    Randgold Resources Ltd
    GOLD US
    26,144
    2,300,4113.38
    Attijariwafa Bank
    ATW MC
    50,976
    2,102,2503.09
    Ivanhoe Mines Ltd
    IVN CN
    583,313
    2,043,4943.00
    Guaranty Trust Bank Plc
    GUARANTY NL
    31,623,485
    2,039,4683.00
    Iamgold Corp
    IAG US
    471,916
    1,953,7322.87
    Top 10 Total (%)46.19
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

    As of May 8, 2017, AFK is fair valuing the Nigerian Naira spot rate referencing the FMDQ OTC NAFEX. The valuation methodology may change in the future. As of such date, using the FMDQ OTC NAFEX, in addition to securities denominated in Nigerian Naira, AFK held approximately USD$2.6million in Nigerian Naira cash balances. Foreign currency cash balances are subject to frequent change.
  • Country Weightings (%) as of 04/30/17

    • Country

      % of Net Assets
    • SOUTH AFRICA

      31.03
    • UNITED KINGDOM

      18.16
    • CANADA

      11.30
    • EGYPT

      10.49
    • MOROCCO

      7.08
    • NIGERIA

      4.62
    • NETHERLANDS

      4.42
    • KENYA

      4.16
    • UAE

      2.84
    • MAURITIUS

      1.92
    • INDONESIA

      1.74
    • UNITED STATES

      1.73
    • SWITZERLAND

      0.81
    • Other/Cash

      -0.31
  • Sector Weightings (%) as of 04/30/17

    • Sector

      % of Net Assets
    • Financials

      30.8
    • Materials

      23.6
    • Consumer Discretionary

      12.3
    • Telecommunication Services

      11.7
    • Energy

      7.7
    • Consumer Staples

      7.3
    • Real Estate

      4.6
    • Health Care

      1.7
    • Industrials

      0.5
    • Information Technology

      0.2
    • Other/Cash

      -0.3