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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 11/14/19

  • 30-Day SEC Yield1

    2.64%
  • Total Net Assets

    $54.2M
  • Number of Holdings

    84
  • Options

    Expected
  • Gross Expense Ratio2

    0.91%
  • Net Expense Ratio/TER2

    0.78%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/20/2019

Fundamentals
as of 10/31/19

  • Weighted Average Market Cap

    $11.5B
  • Price/Earnings Ratio
    (Last 12 Months)*

    11.67
  • Price/Book Ratio
    (Last 12 Months)*

    1.71
*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 10/31/19

  • Capitalization

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

    61.5%
  • Mid ($1.0 - $5.0B)

    36.7%
  • Small (<$1.0B)

    1.5%
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 10/31/19

  • Beta vs. S&P 500 Index

    0.58
  • Correlation vs. S&P 500 Index

    0.47
  • Volatility (Standard Deviation)

    14.51
  • Sharpe Ratio

    -0.02

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 10/31/19

  • Country

    % of Net Assets
  • South Africa

    37.96
  • Morocco

    10.55
  • Kenya

    9.59
  • Nigeria

    8.58
  • Canada

    6.54
  • Egypt

    5.13
  • Ghana

    4.79
  • Uae

    3.64
  • Zambia

    3.03
  • Switzerland

    2.57
  • China

    2.12
  • United Kingdom

    2.11
  • Germany

    1.16
  • India

    0.77
  • Singapore

    0.69
  • United States

    0.37
  • Zimbabwe

    0.01
  • Other/Cash

    0.38

Portfolio Composition (%)
as of 11/13/19

  • % of Net Assets
  • Stocks

    99.88
  • Bonds

    0.00
  • Other

    0.00
  • Cash

    0.12

Sector Weightings (%) as of 10/31/19

  • Sector

    % of Net Assets
  • Financials

    36.7
  • Materials

    19.9
  • Communication Services

    15.8
  • Consumer Discretionary

    10.3
  • Consumer Staples

    8.9
  • Energy

    5.0
  • Real Estate

    1.3
  • Health Care

    1.0
  • Industrials

    0.7
  • Other/Cash

    0.4

Currency Exposure (%)
as of 10/31/19

  • South African Rand

    56.24
  • U.S. Dollar

    30.01
  • Nigeria Naira

    29.50
  • Moroccan Dirham

    28.38
  • Kenyan Shilling

    22.57
  • British Pound

    15.63
  • Canadian Dollar

    11.25
  • Hong Kong Dollar

    4.25
  • Singapore Dollar

    1.38
  • Other/Cash

    -99.21