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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 08/12/20

  • 30-Day SEC Yield1

    2.05%
  • Total Net Assets

    $41.7M
  • Number of Holdings

    78
  • Options

    Expected
  • Gross Expense Ratio2

    0.86%
  • Net Expense Ratio/TER2

    0.79%
  • Distribution Frequency

    Annual

Fundamentals
as of 07/31/20

  • Weighted Average Market Cap

    $15.3B
  • Price/Earnings Ratio
    (Last 12 Months)*

    11.85
  • Price/Book Ratio
    (Last 12 Months)*

    1.47
*A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.

Market Capitalization (%)
as of 07/31/20

  • Capitalization

    % of Net
    Assets ($)
  • Large (>$5.0B)

    62.6%
  • Mid ($1.0 - $5.0B)

    37.5%
  • Small (<$1.0B)

    0.3%
This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.

3-YR Risk Measures
as of 07/31/20

  • Beta vs. S&P 500 Index

    1.11
  • Correlation vs. S&P 500 Index

    0.79
  • Volatility (Standard Deviation)

    23.40
  • Sharpe Ratio

    -0.32

Source: VanEck, FactSet.

Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

Country Weightings (%) as of 07/31/20

  • Country

    % of Net Assets
  • South Africa

    32.43
  • Morocco

    17.62
  • Nigeria

    9.92
  • Canada

    9.29
  • Kenya

    8.98
  • Egypt

    5.02
  • Burkina Faso

    3.22
  • Zambia

    2.78
  • Indonesia

    2.71
  • China

    2.34
  • India

    1.94
  • United States

    1.86
  • Tanzania

    1.37
  • United Kingdom

    0.50
  • Norway

    0.26
  • Switzerland

    0.21
  • Zimbabwe

    0.02
  • Other/Cash

    -0.48

Portfolio Composition (%)
as of 08/12/20

  • % of Net Assets
  • Stocks

    100.08
  • Bonds

    0.00
  • Other

    0.00
  • Cash

    -0.08

Sector Weightings (%) as of 07/31/20

  • Sector

    % of Net Assets
  • Materials

    30.7
  • Financials

    30.0
  • Communication Services

    14.9
  • Consumer Discretionary

    12.6
  • Consumer Staples

    9.6
  • Health Care

    1.0
  • Real Estate

    0.7
  • Industrials

    0.4
  • Energy

    0.4
  • Utilities

    0.3
  • n/a

    0.0
  • Other/Cash

    -0.5

Currency Exposure (%)
as of 07/31/20

  • South African Rand

    24.57
  • U.S. Dollar

    21.24
  • Moroccan Dirham

    17.62
  • Nigeria Naira

    9.92
  • Kenyan Shilling

    8.98
  • Canadian Dollar

    6.42
  • British Pound

    6.39
  • Singapore Dollar

    2.71
  • Hong Kong Dollar

    2.34
  • Norwegian Krone

    0.26
  • Other/Cash

    -0.46